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☆ Here’s what North American airline passengers think about the state of air travel
▼ + stars: | 2024-05-08 | by ( Francesca Street | ) edition.cnn.com time to read: +5 min

Power’s 2024 North American Airline Satisfaction Study. Power hasn’t revealed an overall North American airline passenger satisfaction score, with Mike Taylor, travel intelligence lead at J.D. Power’s top North American airlines for economy passengers1. Power’s top North American airlines for premium economy passengers1. Power’s top North American airlines for first/business passengers1.

Persons: –, Power hasn’t, Mike Taylor, That’s, Tony Gutierrez, ”, Taylor, “, ” Taylor Organizations: CNN, North, Southwest Airlines, Southwest, Delta Air Lines, Delta, JetBlue, AP, ” Airlines, Allegiant, Alaska Airlines, JetBlue Airways, American Airlines, United Airlines, Air Canada, Spirit Airlines, Frontier Airlines, Delta Air, . Alaska Airlines, Air Locations: ., J.D, Power, Delta, North America

☆ FTX plans to give customers their money back — with one painful caveat
▼ + stars: | 2024-05-08 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

FTX will pay back 98% of creditors at least 118% of what they're owed, its bankruptcy lawyers said. But payments will be based on crypto values in 2022, not what its worth now as the prices surge. FTX predicts it will have between $14.5 and $16.3 billion available for distribution — mostly from previous Alameda and FTX Ventures investments, bankruptcy lawyers said. FTX founder Sam Bankman-fried was arrested in January 2023 and convicted last fall of fraud, conspiracy, and money laundering. The jury was not allowed to consider any bankruptcy activities in rendering its verdict — though the judge factored into his sentencing that FTX lawyers said victims would recover their losses.

Persons: FTX, they're, —, Jacob Shamsian, Sam Bankman Organizations: Service, FTX Ventures, Bloomberg Locations: Alameda

☆ British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
▼ + stars: | 2024-05-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

MonzoBritish neobank Monzo said Wednesday that it's raised another $190 million, lifting the total it's raised so far this year to $610 million. Singaporean sovereign wealth fund GIC also participated in Monzo's latest fundraise, a source familiar with the matter told CNBC. The total $610 million round marks the single-biggest funding round for a European fintech in the past year, according to Dealroom data. "What I like about how we're approaching this is, at the heart of it, it's not just words," Anil told CNBC in an exclusive interview Tuesday. European expansion is also on the cards, Anil said, although he didn't commit to a date for when this will happen.

Persons: Anil, Monzo, it's, GIC, we've, Monzo's, Revolut Organizations: CNBC, Hedosophia, Barclays, NatWest, BlackRock, JPMorgan, Citibank Locations: U.S, Berlin

☆ U.S. and China trade divisions threaten a 'reversal' for global economy, IMF official warns
▼ + stars: | 2024-05-08 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Carlos Barria | Afp | Getty ImagesDifferences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund warned on Tuesday. IMF Deputy Managing Director Gita Gopinath said in a speech at Stanford University that events such as the global pandemic and Russia's invasion of Ukraine have disrupted global trade relations in ways not seen since the Cold War. "Increasingly, countries around the world are guided by economic security and national security concerns in determining who they trade with and invest in," she said, adding that this has resulted in countries increasingly picking sides between China and the U.S. Trade between the China and U.S. blocs has declined compared with trade among countries within the groupings, Gopinath said. The U.S. bloc mainly includes Europe, Canada, Australia and New Zealand, while China-leaning countries include Russia, Eritrea, Mali, Nicaragua and Syria.

Persons: Xi Jinping, Carlos Barria, Gita Gopinath, Gopinath Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Afp, International Monetary Fund, Stanford University, U.S, IMF, Trade, West Locations: Asia, San Francisco , California, China, Ukraine, Washington, Beijing, U.S, South, Taiwan, Europe, Canada, Australia, New Zealand, Russia, Eritrea, Mali, Nicaragua, Syria

☆ Blackstone says the real-estate market is bottoming. Here are 7 ways it's getting ahead of the situation.
▼ + stars: | 2024-05-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +2 min

This story is available exclusively to Business Insider subscribers. We found the firm has been spending on distressed real estate, such as its purchase of loans from the FDIC after the failure of Signature Bank, as well as investments in buzzy real estate, like data centers. In a January earnings call, Blackstone president Jonathan Gray announced that commercial real estate, which recently suffered its biggest price declines in half a century, could soon hit bottom. "While it will take time, we can see the pillars of a real estate recovery coming into place." Here are the 7 recent real estate and real-estate-adjacent deals that show how Blackstone is trying to get ahead of the CRE bottom in chronological order.

Persons: Jon Gray, Blackstone, Gray, Jonathan Gray Organizations: Business, Signature Bank

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ Macklemore criticizes Biden in new song supporting pro-Palestinian student protests
▼ + stars: | 2024-05-08 | by ( Scottie Andrew | ) edition.cnn.com time to read: +17 min

Across the US, pro-Palestinian protesters have been occupying lawns and buildings on campuses, and many are requesting that their universities divest from Israel. Nic Antaya/Getty Images Pro-Palestinian protesters demonstrate on the New York University campus in New York on Friday, May 3. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: Macklemore, Joe Biden, ” Macklemore, Donald Trump, Columbia’s Hamilton, Hind Rajab, Hind, who’ve, ”, He’s, Biden, Jon Batiste, Selena Gomez, Annie Lennox, “, Melissa Overton, Nic Antaya, Seth Harrison, Jenny Kane, Chip Somodevilla, Mathieu Lewis, Rolland, Craig Hudson, Emma, Roberto Schmidt, Etienne Laurent, Mike Blake, Spencer Platt, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Seattle concertgoers, Seth Rogen Organizations: CNN, Columbia University, Biden, University of California, University of Arizona, Dua Lipa, Scottish, United Nations Relief, Works Agency for Palestine Refugees, Hamas, Protesters, University of Michigan's, New York University, Westchester County Journal, USA, Network Police, Portland State University, AP, George Washington University, Getty, The George Washington University, Israel, AFP, Police, UCLA, Reuters, Fordham, Lincoln Center, Getty Images Police, Hamilton, Reuters Police, Columbia, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, Sunday, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Seattle, Trump Locations: Gaza, Israel, University of California Los Angeles, Palestine, Dua, Ann Arbor , Michigan, New York, Westchester, Portland , Oregon, Washington ,, Portland, The, Los Angeles, AFP, The City College of New York, Columbia, Columbia's, Providence , Rhode Island, Texas, Austin, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Washington

☆ OpenAI is reportedly trying to poach Googlers for an AI-powered search team
▼ + stars: | 2024-05-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Sam Altman's company is trying to poach Googlers for a ChatGPT search engine, per the report. The Verge reported that the company behind ChatGPT has been trying to poach Googlers to work on its team developing a search engine for the chatbot. In February, The Information reported that OpenAI was developing a web search feature that could put the company into more direct competition with Google Search. AdvertisementGoogle's future plans in the AI field include large investments and a generative AI search engine. Big Tech is engaged in an intense battle for top AI talent as rival companies rush to launch similar AI-powered products.

Persons: Sam Altman's, —, OpenAI, ChatGPT, Googlers, Bing, Mark Zuckerberg Organizations: Big Tech, Service, Google, Bloomberg, Business

☆ Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: +2 min

President Joe Biden will visit the political battleground state of Wisconsin on Wednesday to announce plans by Microsoft Corp to build a $3.3 billion high-tech data center that will create thousands of jobs, the White House said. Microsoft's plans will result in 2,300 union construction jobs and some 2,000 permanent jobs over time, the White House said. It said nearly 4,000 jobs had been added in Racine since Biden took office, while about 1,000 manufacturing jobs were lost during the Trump administration. Biden is seeking to shore up support among Black voters ahead of the November presidential election, with national polls showing him essentially tied with Republican Trump. The Biden campaign on Wednesday announced the launch of a $14 million ad campaign, which will include a seven-figure investment targeting Black, Latino and Asian voters.

Persons: Joe Biden, Foxconn, Donald Trump, Microsoft's, Biden, Trump, — Organizations: Microsoft Corp, Microsoft, Gateway Technical College, Democrat, Black, Republican Trump, Wednesday Locations: Wisconsin, Racine County, Taiwan, Racine, Racine's Black

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. A closely watched electric vehicle maker and a cloud software company were among the talked stocks by analysts on Tuesday. "We move to Sell given the increased lack of visibility around an inflection in the aforementioned trends," said analyst Kash Rangan. – Samantha Subin 6:19 a.m.: Wall Street reacts to Reddit's first earnings print as a public company Reddit's first earnings report since hitting the public markets in March is garnering some mixed responses from Wall Street analysts. "Its limited production and commercial history leaves much to be seen," he wrote "Rivian must prove it can acquire the customer base, while maintaining low advertising costs."

Persons: there's, Baird, Goldman Sachs, Kash Rangan, Rangan, – Samantha Subin, Mark Shmulik, Reddit, Doug Anmuth, Bank of America's Justin Post, Citi's Ronald Josey, Samantha Subin, Mark Delaney, Rivian, Dan Levy, RIVN, Wells Fargo's Colin Langan, Langan, Datadog Baird, Amit Agarwal, Will Power, DDOG, Power, Fred Imbert Organizations: CNBC, ZoomInfo Technologies, Wall Street, Google, Bank of America's, Barclays, Datadog, Cisco Locations: Rivian, Datadog

☆ FTX says most customers of the bankrupt crypto exchange will get all their money back
▼ + stars: | 2024-05-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. Almost all customers of collapsed cryptocurrency exchange FTX will get their money back — and more, according to a court filing. FTX's high-profile founder Sam Bankman-Fried was convicted of seven criminal counts in early November, including charges related to stealing billions of dollars from FTX's customers. FTX had to find other ways to raise money because it has large sum of cryptocurrency missing from the exchange. Instead, the Debtors have had to look to other sources of recoverable value to repay creditors," FTX said in a press release on Wednesday.

Persons: Sam Bankman, FTX, Fried, Bitcoin, John Ray III, Ray, — CNBC's MacKenzie Sigalos Organizations: Amazon, FTX Locations: New York, Alameda, Bankman, Anthropic

☆ Top minds at Milken unveil what they're seeing under the surface of the US economy as the national debt burden rises to nauseating levels
▼ + stars: | 2024-05-08 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

For the 27th straight year, some of the brightest minds from across the business world descended on Beverly Hills in early May to attend the Milken Institute Global Conference. But while speculation stole headlines, Milken speakers spent much of their time fixated on the state of the US economy. But despite continued concerns about stagflation, Milken speakers overwhelmingly expressed confidence about economic growth at a May 6 session called "Global Markets at Inflection." "The economy is still extremely strong, consumers are still doing really well, businesses are still doing really well," Scharf said. Though far from perfect, the US is still the best place to investDespite the $34.7 trillion anvil hanging over the economy, Milken speakers widely agreed that the US is still the best place to invest and operate a company.

Persons: Elon Musk, he's, Milken, Wells, Franklin Templeton, Gerard Baker, Andre Esteves, Jenny Johnson, Charlie Scharf, Scharf, we've, it's, you've, hasn't, Sam, Joshua Friedman, Anne Walsh, Friedman, Esteves, they've, Johnson, " Scharf, Wells Fargo Organizations: Milken Institute Global, SpaceX, Business, Milken, The, Consumers, Starbucks, Canyon Partners, Investors, Guggenheim Investments, Milken Institute Global Conference, US Locations: Beverly Hills, Wells Fargo, Brazil, McDonald's, Washington

☆ Uber reports first-quarter results that beat expectations for revenue, but posts net loss
▼ + stars: | 2024-05-08 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Uber reported first-quarter results Wednesday that came in slightly above analysts' estimates for revenue, but the ride-hailing company posted an unexpected net loss. The company's net loss widened to $654 million, or a 32 cent loss per share, from a loss of $157 million, or an 8 cent loss per share, in the same quarter last year. Uber said its net loss includes a $721 million net headwind from unrealized losses related to the reevaluation of its equity investments. Uber reported adjusted EBITDA of $1.38 billion, up 82% year over year and slightly above the $1.31 billion expected by analysts polled by StreetAccount. Uber anticipates adjusted EBITDA of $1.45 billion to $1.53 billion, compared with the $1.49 billion expected by analysts.

Persons: Uber, LSEG, CNBC's, Dara Khosrowshahi, Khosrowshahi, StreetAccount Organizations: Uber, LSEG Revenue, StreetAccount, Mobility

☆ Slaughterhouse cleaning company fined $649,000 for child workers
▼ + stars: | 2024-05-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —A janitorial company has been fined $649,000 after an investigation found it hired minors for dangerous jobs cleaning slaughterhouses, the United States Department of Labor said Monday. Fayette Janitorial Service had employed at least 24 children, including those as young as 13, according to the DOL investigation. The minors had been working overnight shifts at two separate slaughter facilities, according to the DOL. The company said in February that it had ended all of its contracts with Fayette, according to the Sioux City Journal. Instances of illegal child labor have been growing in recent years, and other contractors have been fined over employing minors.

Persons: ” Fayette, “, Perdue “, ”, – CNN’s Melissa Alonso, Ramishah Maruf Organizations: New, New York CNN, United States Department of Labor, CNN, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Sioux City, Packers Sanitation Services Locations: New York, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia

☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

☆ Why Apple will be the big winner of AI's 2nd wave, according to 'Big Short' investor Steve Eisman
▼ + stars: | 2024-05-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Steve Eisman told Bloomberg TV that Apple will benefit from the coming wave of AI-based applications. Prospects of an AI iPhone have spurred bullish calls among other analysts. AdvertisementApple is well positioned to exploit the second leg of artificial intelligence, as the technology starts to take the form of mobile applications, Steve Eisman said. Sacconaghi's bullishness preceded Apple's winning earnings, during which CEO Tim Cook teased big AI announcements to come. AdvertisementWhen it comes to AI, Eisman has previously touted big investments in infrastructure, which would benefit from the tech's massive power demand.

Persons: Steve Eisman, —, everybody's, Neuberger Berman, we're, Eisman, Bernstein's, Toni Sacconaghi, Sacconaghi's bullishness, Tim Cook, Dan Ives Organizations: Bloomberg, Apple, Service, Nvidia, AMD, Cook, Co, Securities, Worldwide Locations: China

☆ Fidelity whistleblower alleges he was fired for raising red flags over pressure to sell pricey investments
▼ + stars: | 2024-05-07 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

Read previewA former Fidelity financial advisor has accused the brokerage of unlawfully firing him after filing a whistleblower complaint. Fidelity ranked branch managers by the number of client assets in more expensive investments such as stock-managed accounts, Maeker said. Financial advisors who did not score highly were awarded little to no stock or threatened to be fired, Meaker said. This race to zero has led to more pressure on high-fee products, as Maeker's branch manager told him. In turn, financial advisors were pushed to sell more Tier 3 investments by awarding 10 times the amount of compensation for Tier 3 investments versus Tier 1.

Persons: —, Michael Maeker, Maeker, Meaker, FINRA Organizations: Service, Fidelity, Department of Labor, Business, Financial Industry Regulatory Authority, Treasury, Northern, Northern District of, Securities and Exchange Commission, SEC, Reuters Locations: Dallas, Northern District, Northern District of Texas

☆ AWS will boost investments in Singapore's cloud infrastructure by $9 billion, country manager says
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAWS will boost investments in Singapore's cloud infrastructure by $9 billion, country manager saysPriscilla Chong, country manager at Amazon Web Services Singapore, says the investments will go into the construction and buildup of data center capabilities.

Persons: Priscilla Chong Organizations: Amazon Web Services Singapore

☆ Nvidia will surge another 22%, and is still cheap compared to peers despite nearly doubling this year, Goldman Sachs says
▼ + stars: | 2024-05-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock still has 22% upside, even after its near-doubling this year, according to Goldman Sachs. According to Goldman, Nvidia stock still trades at a relatively attractive valuation compared to its peers given how quickly it is growing and how durable those growth trends look in the coming years. Goldman SachsThose investments should power continued revenue and profit growth at Nvidia, especially with its next-generation Blackwell AI chip set to be released later this year. "Notable intra-quarter data points that support the view that AI spending is likely to continue beyond 2024 include" commentary from tech-focused companies, Hari said. Super Micro Computer reported strong revenue growth and a record backlog driven by elevated demand for AI servers.

Persons: Goldman Sachs, Goldman, —, Toshiya Hari, Hari, TSMC Organizations: Nvidia, Service, Blackwell, AMD, Micro Computer

☆ Biden brags about his environmental record to win young voters, but most have no idea what he's done to fight climate change
▼ + stars: | 2024-05-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

download the appSign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. President Joe Biden has sought to use his pro-environment policies to boost his support among young voters, but most of them have little to no knowledge of his administration's actions to tackle climate change, according to a recent survey. And many of the administration's climate policies are seemingly popular with the American public. The most polarizing Biden policy in the survey was the allowance of tax credits for electric vehicles, but even it had a plurality of support (43 percent) among respondents. Meanwhile, 35 percent of respondents opposed such credits, and 21 percent of respondents indicated they hadn't heard about it.

Persons: Joe Biden, Biden, Donald Trump's Organizations: Service, CBS, Business Locations: White House, Paris, United States

☆ How Shruti Gandhi, a solo venture capitalist with 15 exits in 5 years, went from underestimated to unstoppable
▼ + stars: | 2024-05-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

Shruti Gandhi has a simple rule for meeting founders: She only takes the meeting if she wants to invest. Being the solo general partner of her firm, the early-stage outfit Array Ventures, also means she can get deals done quickly. Over the past five years, she's returned most of her maiden $7 million fund to limited partners at a net multiple of almost four. For founders, by foundersThe founders Gandhi has backed like working with her because of her technical chops and hands-on approach. We will back you if you raise a fund,'" Gandhi said.

Persons: Shruti Gandhi, Gandhi, Nikhil Teja Kolli, Kolli, she's, wasn't, Dumbledore, Harry Potter, Champ Bennett, Zimperium's Zuk Avraham, Mehul Nariyawala, Google —, Doktor Gurson, Gurson Organizations: Ventures, Business, PayPal, IBM, Columbia University, True Ventures, Samsung, Google, University of Chicago Booth School of Business, Rad Locations: India, Poughkeepsie , New York, She's

☆ How Termina selected and ranked the 2024 Seed 100 and Seed 40 lists of the top early-stage venture capitalists
▼ + stars: | 2024-05-06 | by ( Jake Ellowitz | ) www.businessinsider.com time to read: +4 min

Read previewThe Seed 100 and Seed 40 lists are derived from a statistical analysis of investor track records. Incubated by Tribe Capital, Termina is an AI-software platform that powers quantitative due diligence for leading investors around the world. Show intermediate signs of future success with seed investments that consistently receive follow-on investment. Ten percent of all seed investors in scope were women, up from 8% when the first Seed 100 was released in 2021. The result in just one year is the largest-ever rebalancing of how investors allocate seed capital across sectors.

Persons: —, We've, We're, OpenAI, Termina, Jake Ellowitz Organizations: Service, Business, Tribe Capital Locations: USA, Canada

☆ Warren Buffett 'still has a money machine,' investment management firm says
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett 'still has a money machine,' investment management firm saysEric Lynch of Scharf Investments, discusses the decision of Warren Buffett's Berkshire Hathaway to reduce its stake in Apple.

Persons: Warren Buffett, Eric Lynch, Scharf, Warren Buffett's Berkshire Hathaway Organizations: Scharf Investments, Apple

☆ TV News Can’t Sidestep Turbulence as Election Approaches
▼ + stars: | 2024-05-06 | by ( John Koblin | ) www.nytimes.com time to read: +1 min

Television news may have never been this unsettled six months before a presidential election. ABC News is in the throes of change, after its president announced on Sunday night that she was leaving. Much of the challenge for television news divisions is, at its core, how to navigate a fast-evolving business. Instead, viewers are flocking to less lucrative streaming services, leaving the parent companies of the networks less sure-footed. And all of this is happening as news organizations face one of the trickiest journalistic assignments: an especially divisive presidential race.

Organizations: ABC, CBS, NBC, CNN

☆ No more price cuts planned at the moment, says Lucid CEO Peter Rawlinson
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo more price cuts planned at the moment, says Lucid CEO Peter RawlinsonPeter Rawlinson, Lucid Motors CEO, joins 'Closing Bell Overtime' to talk quarterly results, the state of the EV space, Saudi investments and more.

Persons: Peter Rawlinson Peter Rawlinson Organizations: Lucid Motors Locations: Saudi

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