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☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

☆ He was inspired to be a software engineer by a Steve Jobs campus visit—his company just sold for $28 billion
▼ + stars: | 2023-09-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Michael Baum's cybersecurity software company, Splunk, just sold to Cisco for $28 billion. As soon as I saw MacPaint and MacDraw, I knew I had to figure out how this worked," Baum told U.K.-based The Gentleman Magazine in 2022. Baum went on to establish himself as a serial entrepreneur, building and selling multiple software businesses before 2000. When Splunk went public in 2012, it was valued at roughly $1.6 billion. The "inquisitive nature" that drove him to learn more about Jobs' Macintosh computers "continues to drive me today," Baum told The Gentleman Magazine.

Persons: Michael Baum's, Steve Jobs, Baum, Jobs, Drexel, — Rob Das, Erik Swan —, Splunk, refashioned, he's Organizations: Cisco, Drexel University, Gentleman Magazine, BBC, Reuters, Wharton School, University of Pennsylvania, Walt Disney, Yahoo, Jobs, CNBC Locations: Philadelphia, San Francisco, France's Burgundy

Middle-income households are less likely to have access to resources like Medicaid and food stamps. The report, by Drexel's Autism Institute, looked at the intersection of poverty, race, and health outcomes for autistic youth. Children with autism from middle-income households, or households at 200% to 399% of the federal poverty line, actually had the worst health outcomes out of all income classes. The first, Dr. Anderson pointed out, was that middle-income households are less likely to be eligible for Medicaid. While some states offer waivers for kids with autism from middle-income households, it's far from a universal practice.

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