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☆ Warren Buffett compares AI to nuclear weapons in stark warning
▼ + stars: | 2024-05-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

At his annual shareholder meeting in Omaha, Nebraska, the 93 year-old co-founder, chairman and CEO of Berkshire Hathaway issued a stark warning about the potential dangers of the technology. “We let a genie out of the bottle when we developed nuclear weapons,” he said Saturday. JPMorgan Chase, the world’s largest bank by market capitalization, is also exploring the potential of generative AI within its own ecosystem, Dimon said. Dozens of AI industry leaders, academics and even some celebrities have signed a statement warning of an “extinction” risk from AI. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement said.

Persons: New York CNN — Warren Buffett, Berkshire Hathaway, ”, Greg Abel, Buffett, “, Abel, isn’t, Buffett Buffett, JPMorgan Chase, Jamie Dimon, Dimon, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Sam Altman, Geoffrey Hinton Organizations: New, New York CNN, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, scamming, JPMorgan, JPMorgan Chase, Software, Yale, Summit, CNN, Walmart, Xerox, Google Locations: New York, Omaha , Nebraska, Omaha, scamming

☆ Inflation story is not accretive enough for a rate cut, says DoubleLine's Jeffrey Sherman
▼ + stars: | 2024-05-02 | 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 EmailInflation story is not accretive enough for a rate cut, says DoubleLine's Jeffrey ShermanJeffrey Sherman, DoubleLine deputy CIO, joins 'Money Movers' to discuss why the Federal Reserve will only raise rates once this year, what the Fed's moves ultimately for bonds, and more.

Persons: DoubleLine's Jeffrey Sherman Jeffrey Sherman Organizations: Federal Reserve

☆ How a gag order showdown explains everything about Trump
▼ + stars: | 2024-04-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“He knows what he’s not allowed to do, and he does it anyway.”Conroy was referring to Trump’s incessant testing of a gag order protecting witnesses, court staff and the jury. “Michael Cohen is a convicted liar and he’s got no credibility whatsoever,” Trump said in an interview with WPVI Philadelphia. Trump could face a ladder of escalating sanctionsProsecutors now want Merchan to fine Trump $1,000 for each of 10 alleged violations of the gag order and to warn that imprisonment could be an option if he continues to flout restrictions. Trump claims the gag order stifles his right to free speech and to campaign as a presumptive party nominee. And while a dispute over one partial gag order might seem like a small wrinkle in an individual case, it conveys a wider truth about Trump’s impact on American life.

Persons: Chris Conroy, Donald Trump, “, he’s, ” Conroy, Michael Cohen, Stormy Daniels, Juan Merchan, Trump, “ Michael Cohen, ” Trump, CNN’s John Miller, “ Judge Merchan, ”, Jeffrey Swartz, Jim Sciutto, CNN Max, lacerating, Merchan, Elizabeth Williams, Todd Blanche, doesn’t, CNN’s Erin Burnett, —, Jack Smith’s, there’s, •, Joe Biden’s, Volodymyr Zelensky, Biden, mishandle, He’s, president’s, Trump’s, George Conway, ” Conway, CNN’s Burnett Organizations: CNN, GOP, The New, Trump, Philadelphia, Prosecutors, New York City Department of Corrections, Cooley Law, US, Trump Organization, Conservative Political, Conference, Biden Locations: The New York, Washington ,, Georgia

☆ New data centers require billions of dollars in utility system upgrades. You may end up paying for it.
▼ + stars: | 2024-04-18 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +15 min

A record surge of data center construction is underway to provide the computing and storage that underpins society's fast-expanding digital footprint and powers artificial intelligence. In areas of the country where data centers have clustered, utilities have unveiled plans to spend billions of dollars to keep up. asked David Springe, the executive director of the National Association of State Utility Consumer Advocates. "Then you have the data centers that are having exponential load growth," Nelson said. Data centers also don't deliver the number of long term jobs – a key yardstick for public benefits – that other industries do.

Persons: Mike DeWine, David Springe, they're, Ryan Augsburger, Augsburger, Ron Nelson, Strategen, ratepayers, Nelson, Steve Helber, That's, PJM, David Lapp, Lapp, Jeffrey Shields, Shields, Kantele Franko, Shelby Moore, Meta, behemoth Blackstone, QTS, John Gavan, Daniel Tait, Tait Organizations: Amazon, Ohioans, Business, Wall, Boston Consulting Group, National Association of State, Consumer, Ohio Manufacturers ' Association, Web Services, Energy, Dominion Energy, Federal Energy Regulatory Commission, Tech, Wall Street titans, American Electric Power, Buckeye Power, AEP, Buckeye, AEP Ohio, Staff, Intel, Policy Institute Locations: Ohio, ratepayers, Chester , Va, Virginia, PJM, Chicago, New Jersey, New York City, Maryland, West Virginia, Pennsylvania, Columbus , Ohio, Denver, New Albany , Ohio, Minnesota, Columbus, Mississippi

☆ This could be the end of Nelson Peltz, says Yale's Jeffrey Sonnenfeld on Disney's board vote
▼ + stars: | 2024-04-03 | 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 EmailThis could be the end of Nelson Peltz, says Yale's Jeffrey Sonnenfeld on Disney's board voteHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Nelson Peltz, Yale's Jeffrey Sonnenfeld, Brian Sullivan, “ Organizations: CNBC

☆ Russia could turn on Putin as the nation's economic strength wanes and sanctions keep tightening, economists say
▼ + stars: | 2024-03-31 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Russia's economic strength is likely to wane this year, economists say. Putin's economic fantasyThe tailspin Sonnenfeld, Tian, and Guriev are predicting seems contradictory to what Russia is presenting on the surface. Russian inflation is also high, clocking in at 7.58%, according to data from Russia's economic ministry. Guriev doesn't believe Russia's economy will completely unravel, as central bankers will work hard to limit the damage. Advertisement"It's unlikely the Russian economy will spiral into a macroeconomic meltdown, and that the Russian political system will," he said.

Persons: Putin, Joe Biden, —, Vladimir Putin, Jeffrey Sonnenfeld, Steven Tian, Tian, Trump's, Sergei Guriev, Sonnenfeld, he's, Guriev, Putin's Organizations: Service, Yale, London Business School, Russia Locations: Russia, Ukraine, Russian, Moscow, Soviet

☆ How the climate crisis will affect the U.S. economy: Top economists Jeffrey Sachs, Nouriel Roubini and Mark Zandi discuss
▼ + stars: | 2024-03-17 | by ( Jack Hillyer | In Jackhillyer | ) www.cnbc.com time to read: +1 min

As the climate crisis continues to pose a global threat, top economists are debating its effect on the U.S. economy. Mark Zandi, chief economist at Moody’s Analytics, projects "physical risks" will be the biggest economic cost over the next 10 to 20 years. Zandi also projects transition costs associated with moving from a fossil fuel-dominated economy to one driven by green energy will put a weight on the U.S. economy. Nouriel Roubini, an economics and international business professor at New York University, says there will be pressure from stakeholders and society to make a green transition. Watch the video above to see how top economists predict the climate crisis will affect the U.S. economy.

Persons: Mark Zandi, Jeffrey Sachs, ”, Sachs, Labor Robert Reich, Nouriel, Mariana Mazzucato Organizations: Moody’s, Columbia University, Labor, New York University, University College London Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomists discuss the effects of climate change on the U.S. economyAs the climate crisis continues to pose a global threat, top economists are debating its effects on the U.S. economy. In this episode of "The Bottom Line," see how renowned economists such as Jeffrey Sachs and Mark Zandi forecast the economic impact.

Persons: Jeffrey Sachs, Mark Zandi Locations: U.S

☆ Federal judiciary clamps down on ‘judge-shopping’ tactics that have helped Texas block Biden and liberal policies
▼ + stars: | 2024-03-12 | by ( Tierney Sneed | ) edition.cnn.com time to read: +3 min

CNN —The policy-making body of the federal judiciary is clamping down on the system that conservatives have successfully used in recent years to hamstring President Joe Biden’s agenda and other federal policies, including those concerning reproductive rights. The new policy seeks to curb “judge-shopping,” the strategy where litigants strategically file lawsuits in courthouses where the cases will be guaranteed to be heard by judges perceived to be sympathetic to their arguments. While the strategy has long been used in patent cases, there been a concerted uptick for politically charged, wide-reaching cases that have been filed in Texas by Republican state attorneys general or conservative, private-sector parties. Under the new policy, such cases seeking nationwide or state-wide orders will go into the lottery system used by the entire district. “The current issue relates to nationwide injunctions or statewide injunctions,” Sutton said at a news conference Tuesday.

Persons: Joe Biden’s, mifepristone, Matthew Kacsmaryk –, Donald Trump, –, ”, Steve Vladeck, Jeffrey Sutton, ” Sutton, it’s Organizations: CNN, Republican, Food, Judicial, United States, Amarillo Division, Court, Northern, Northern District of, University of Texas School of Law Locations: Texas, Amarillo, Northern District, Northern District of Texas

I ended up loading all the luggage I had – and he had a bunch of boxes,” Butler said of Nauta. But I also have a bad feeling that what I’m saying is getting him into trouble,” Butler told CNN. Given his long history at Trump’s club, Butler shed light on potentially critical instances related to the disclosure of classified information. De Oliveira hung up the phone, happily, and told Butler that Trump would provide him an attorney, Butler says. I think we went to sit down,” Butler told CNN.

Persons: Kaitlan Collins, CNN —, Donald Trump’s, Brian Butler, “, Jack Smith, Butler, Trump, Walt Nauta, Carlos De Oliveira, Lago, Donald Trump, CNN Butler, Nauta, De Oliveira, didn’t, ‘, ” Butler, Department’s, he’s, John Irving, Florida Butler, MAGA, Trump’s, ’, I’m, De Oliveria, Brian Butler's, Jeffrey Sloman, De Oliveira nudging, Anthony Pratt, Pratt, there’s, There’s De Oliveira, Melania Trump, putts De Oliveira, Taylor Swift, De, “ Carlos, pats, Butler “, Carlos, ‘ He’s, ’ ” Butler Organizations: CNN, “ Trump, Trump, Mar, Justice Department, West Palm Beach, Palm Beach, CNN The Florida, FBI, Southern, Southern District of, Smith’s, Prosecutors Locations: Mar, Palm Beach , Florida, Trump, New Jersey, Nauta, Palm Beach, Lago, West Palm, Florida, Palm, South Florida, Southern District, Southern District of Florida, Russian, Butler

☆ China and Russia are outpacing the US and its allies in military technology development, Australian defense official warns
▼ + stars: | 2024-03-06 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

An Australian defense official is warning about military tech gaps between the US and China. AdvertisementThe US and Australia must reinforce their industrial partnership and step up military preparations in the Indo-Pacific region amid China's increasingly aggressive behavior in the South China Sea, a high-ranking Australian defense official said this week. Jeffrey's comments come after years of rising tensions in the Indo-Pacific region. Advertisement"Russia and China are outpacing the US and its allies," Jeffrey said, according to the outlet, which noted that he was discussing military technology. AdvertisementThe Department of Defense said in a recent China Military Power Report that China is "the only competitor" to the US with the intent and capacity to change the global order.

Persons: —, Hugh Jeffrey, Jeffrey, Biden Organizations: Service, Industry, Center for Strategic, International Studies, China Morning Post, Navy, US, US Army, BI, of Defense Locations: China, Asia, Australia, South China, Washington, DC, Russia, Taiwan, Indonesia

☆ Inflation will be around for a while, says TD Cowen's Jeffrey Solomon
▼ + stars: | 2024-03-05 | 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 EmailInflation will be around for a while, says TD Cowen's Jeffrey SolomonTD Cowen President Jeff Solomon joins 'Money Movers' to discuss whether markets are still dovish toward the Federal Reserve, why he isn't expecting rate cuts anytime soon, and more.

Persons: Cowen's Jeffrey Solomon TD Cowen, Jeff Solomon Organizations: Federal Reserve

☆ Inside a prison healthcare company's ownership shell game
▼ + stars: | 2024-03-05 | by ( Dakin Campbell | Nicole Einbinder | ) www.businessinsider.com time to read: +22 min

Sen. Elizabeth Warren has criticized Corizon successor company YesCare for its opaque corporate structure. Yet Geneva's track record is scant; it only incorporated in November 2021, six months before it got the YesCare contract. AdvertisementOnly one agency with a YesCare contract told BI it was aware of the extent to which YesCare had outsourced its operations. AdvertisementAn October 2022 YesCare bid document, submitted to the Alabama Department of Corrections, says PharmaCorr will dispense all prescription medications for YesCare. AdvertisementThe agreement between Geneva and prison healthcare provider YesCare requires YesCare to pay at least $500,000 a month to Geneva.

Persons: Sen, Elizabeth Warren, Corizon, YesCare, —, Dick Durbin, Raphael Prober, Prober's nonanswer, Warren, Christopher M, Lopez, Robert Green, Corizon —, Green, Lori Mayer, Aaron Kaufman, Chris Atkinson, Joel Landau, Tehum, Martin Horn, Alabama Department of Corrections YesCare, Thomas Mailey, Bryan Baker, Isaac Lefkowitz, Perigrove, — Lefkowitz, Lefkowitz, David Gefner, Gefner, Storm Harper, PharmaCorr, Jeff Sholey, Steven Weiss, Atkinson, Sara Tirschwell, Zalman Shapiro, Tirschwell, Michael Farrier, Jeffrey Sholey, Judge Lopez Organizations: Service, Corizon Health, Business, Getty, YesCare Holdings, Justice Department, Tehum Care Services, Geneva Consulting, Genesis Healthcare, BI, Geneva, American Correctional Association, . Maryland Department of Public Safety, Correctional, CHS, PharmaCorr, University of West, of Health, Allure, New York State Department of Health, Public, New York City Department of Correction, Alabama Department of Corrections, Alabama, New York State Department of Corrections, Community Supervision, Doña, Okaloosa, LinkedIn, YesCare, YesCare . Alabama Department of Corrections, Gefner, Court, Western, of, Corizon's, Florida's, Florida's Hillsborough County Sheriff's, Tehum's Locations: Missouri, Houston, Texas, Geneva, Florida, Alabama, New Jersey, YesCare, University of West Florida, Connecticut, Massachusetts, Riker's, Doña Ana County, New Mexico, Okaloosa County , Florida, Wyoming, Maryland, Colorado , Florida, North Carolina, Suffern , New York, YesCare's Alabama, of Missouri, Florida's Hillsborough County

☆ Boeing buying Spirit AeroSystems makes a 'good deal of sense', says Yale's Jeffrey Sonnenfeld
▼ + stars: | 2024-03-01 | 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 EmailBoeing buying Spirit AeroSystems makes a 'good deal of sense', says Yale's Jeffrey SonnenfeldHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Yale's Jeffrey Sonnenfeld, Brian Sullivan, “ Organizations: Boeing, CNBC

☆ Crude edges higher on supply concerns as shipping disruptions continue
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: +1 min

Third-generation oilman walks past a working pumpjack at his oilfield in Taft, Kern County, California on Sept. 21, 2023. Oil prices ticked up in early Asian trading on Monday, extending gains for the third straight day, as shipping disruptions spurred supply worries. Brent crude futures rose 16 cents, or 0.2%, to $82.69 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures (WTI) climbed 15 cents, or 0.2%, to $77.73 a barrel. Iran-aligned Houthis have continued their attacks on shipping in the Red Sea, and while the Israel-Hamas war has not significantly constrained oil supply, it has increased freight rates and shipping time, leaving barrels on the water for longer. In public, Israel and Hamas continued to take positions far apart on a possible truce, while blaming each other for delays.

Persons: Brent, Joe Biden, Jeffrey Schmid Organizations: U.S, West Texas, , Kansas City Federal Reserve Bank Locations: Taft, Kern County , California, Iran, Red, Israel, U.S, Gaza, Qatar, , Kansas

So The New York Times asked more than 5,300 people in the U.S. with this heritage how they describe themselves …No Box to Check: When the Census Doesn’t Reflect YouEgyptian, Iranian, Lebanese, Amazigh, Arab, American. In the 2020 census, “Lebanese” and “Egyptian” were offered as examples for the “white” box on the race question. The other categories were “Black or African American,” “American Indian or Alaska Native,” “Native Hawaiian or other Pacific Islander” and a variety of Asian ancestries. After all, there’s no agreed-upon set of countries or ethnicities that would fall under a Middle Eastern and North African category. The chart shows these responses after the MENA category was added: 69% chose “MENA,” 15% chose “MENA, White,” 3% chose “Another Race,” 5% chose “White” and 8% chose other combinations.

Persons: Brown, New York Times callout, Biden, ”, —, “, ” Martin Zebari, ” Samera Hadi, ” Imene Said Kouidri, ’ ” Faisal Ali, ” Joseph Hallock, Maya Berry, there’s, Margo J, Anderson, “ You’re, Tiffany Kindratt, ” Khelil, ‘, Dusty Haddad, “ White, Jeffrey S, ” Nadine Naber, Naber, I’m, ” Ceylan Swenson, ” Blake Bachara, ” Amin Younes, We’re, ” Rita Obeid, Barack Obama, It’s, ” Thomas Simsarian Dolan, ” Gabrielle Barbara Guliana, Christina Boufarah, I’ve, ” Michele Magar, ” Soufiane, ” Azita, Moustafa, ” Nawar Organizations: U.S ., New York Times, Arab, Israel, American Community, Management, Federal, Arab American Institute, University of Wisconsin, Census Bureau, Survey, North, Cornell University, Centers for Disease Control, Prevention, University of Texas, The Times, Times, Pew Research, University of Illinois, Bureau, West Virginian Locations: Eastern, Sudanese, Southwest, U.S, East, North Africa, United States, Michigan, Gaza, Europe, Lebanese, Alaska, American, MENA, Milwaukee, —, Arlington, America, White, University of Illinois Chicago, Chicago, Lebanon, Iran, N.Y.C, Israel, Turkey, Southwest Asia, Afghanistan, Armenia, West, I’m

☆ Investors need to consider market repricing in fixed income market: DoubleLine's Jeffrey Sherman
▼ + stars: | 2024-02-20 | 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 EmailInvestors need to consider market repricing in fixed income market: DoubleLine's Jeffrey ShermanJeffrey Sherman, DoubleLine Capital deputy CIO, joins 'Money Movers' to discuss why there's an equity market repricing ahead, the recent spate of economic data to cross the tape, and more.

Persons: DoubleLine's Jeffrey Sherman Jeffrey Sherman Organizations: DoubleLine

☆ Jim Chanos discusses his legendary Enron short bet more than two decades later
▼ + stars: | 2024-02-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Short seller Jim Chanos is best known for calling the collapse of Enron, the world's largest energy trading company at the time. "Because the news got worse and worse and worse, and every piece of incremental bad news was much worse than what we've been through." Here's one thing that might come as a surprise: Enron was not the only stock Chanos shorted and profited from during the episode. However, Chanos saw a big red flag in Dynegy that make him bet against the stock, which eventually plunged 90%. Watch the full video above to learn about Chanos' legendary Enron bet.

Persons: Jim Chanos, Chanos, Dynegy, Jeffrey Skilling, Warren Buffett's, —, Michael Burry, Morgan Stanley's Organizations: Enron, U.S . Securities, Exchange Commission, CNBC, Warren, Warren Buffett's Berkshire, Nvidia, There's

☆ Hedge funds took profits in these popular technology stocks during the fourth quarter
▼ + stars: | 2024-02-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Hedge funds appeared to take profits in a host of winning " Magnificent Seven " stocks during the fourth quarter at the end of a blowout year for the septet. Still, Nvidia shares rallied 14% in the fourth quarter, extending a 3% gain in the September quarter. Nor was Nvidia the only semiconductor maker that hedge funds cut back on in the fourth quarter. Reducing exposure to the rest of Magnificent Seven Hedge funds also took profits in a handful of other popular Magnificent Seven stocks that helped power 2023's AI-fueled market rally. Beyond the most prominent companies, hedge funds also made key reductions in other popular technology and semiconductor bets last quarter.

Persons: Dan Sundheim zeroed, Stanley Druckenmiller, David Tepper's, Phillippe Laffont's Coatue, Global's Chase Coleman, Jensen Huang, chipmaker, Tepper, Ole Andreas Halvorsen, Druckenmiller, Baupost Group's Seth Klarman, Coatue's Laffont, Point's Dan Loeb, Berkshire Hathaway, Value's Jeffrey Smith, Marc Benioff, Appaloosa's Tepper, Michael Burry, Druckenmiller amped, Point's Loeb, Coatue, Laffont, Tiger Global's Coleman, —, Alex Harring, Yun Li Organizations: Appaloosa Management, D1, Technology, Wall, Nvidia, Management, Devices, Intel, Qualcomm, Taiwan Semiconductor, Viking, Arm Holdings, VanEck Semiconductor, Google, Microsoft, Duquesne, Viking Global, Corvex Management, Sundheim's D1 Capital, Baidu, Arista Networks, Scion, Oracle, Amazon, Tiger Global, Apple, Taiwan, Broadcom Locations: TSM, Meta, Berkshire, Salesforce, Chinese, China

☆ A renowned market bear who called the dot-com bubble warns concentration in tech stocks now exceeds levels seen just before the 2000 crash — and cautions that the sector's earnings are not keeping up
▼ + stars: | 2024-02-17 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

For example, the tech sector’s valuations are generally lower than they were then, though still elevated. One is that the fundamentals of the tech sector are detached from its price action. While the sector’s earnings have performed better than the rest of the market on average, earnings expectations have been rising faster than actual subsequent earnings performance. Many parallels between the dot-com bubble and today’s market have been called to light in recent weeks. Only time will tell if tech stocks are in a bubble that's due to burst.

Persons: Albert Edwards, “, ” Edwards, Edwards, Michael Hartnett, Jeffrey Schulze, Adam Karr, ”, Quincy Krosby, Hartnett Organizations: Societe Generale, Nasdaq, Business, Generale, Bank of America, Orbis Investment Management, Artificial Intelligence, LPL Financial Locations: Japan

☆ Starboard Value’s Jeffrey Smith firms up activist bet on GoDaddy, trims winning Salesforce stake
▼ + stars: | 2024-02-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starboard Value's Jeff Smith added to his GoDaddy holding while trimming his lucrative activist bet in Salesforce , according to a new regulatory filing. The hedge fund increased its stake in GoDaddy to nearly $925 million, making the web services company its biggest holding. Starboard continued to trim its stake in customer relations management software company Salesforce , which in 2022, he took an activist stake in. The filing also reveals a few new stakes for Starboard, including News Corp and Fortrea . CNBC had already reported on these stakes when Smith appeared at a conference in last year.

Persons: Jeff Smith, Smith, He's Organizations: Wharton, News Corp, Fortrea, CNBC Locations: Salesforce, GoDaddy, New York

☆ Ina Garten's incredible life in photos
▼ + stars: | 2024-02-02 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: 1 min

Garten's life would change in 1963 when she went to visit her brother at Dartmouth College, where she first met Jeffrey. As it turned out, Jeffrey's roommate knew Garten's brother. "I just remember running through the house and going, 'Mom, Mom, you've got to see this picture of this guy. Garten told People in 2018. "He's kind, he's smart, he's funny, and he takes very good care of me.

Persons: Jeffrey, Garten, Jeffrey's, Garten's, you've Organizations: Dartmouth College, Food Locations: New York

☆ Starboard urges GoDaddy to set 'prudent' guidance and offer specifics on cost savings
▼ + stars: | 2024-01-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Starboard has a more than 6% stake in the company, and has been pushing the company to expand free cash flow and improve margins. Of the 20 companies in peer group in Starboard's letter, GoDaddy has a higher multiple than only TeraData and Box . Starboard believes that GoDaddy can achieve free cash flow of $9 per share by this fiscal year, and $14 per share by fiscal year 2026. Those targets are higher than GoDaddy's $6.1 free cash flow per share for the fiscal year ending September 2023, according to FactSet data. Starboard expects that GoDaddy could generate more than $4 billion in free cash flow over the next three years.

Persons: Peter Feld, GoDaddy, Aman Bhutani, Feld, Mark McCaffrey, Starboard's Jeffrey Smith Organizations: New York Stock Exchange, GoDaddy Locations: New York City

☆ California Gov. Gavin Newsom wants the Supreme Court to make it easier to clear homeless encampments. Advocates say that will make the crisis worse.
▼ + stars: | 2024-01-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

The Supreme Court will review a Ninth Circuit decision protecting unsheltered homelessness. AdvertisementThe Supreme Court earlier this month announced it would take up the most consequential case dealing with homelessness in decades. Gavin Newsom, have also asked the Supreme Court to overturn the ruling, arguing that it makes it difficult or impossible to address the homelessness crisis. Last year, a Maricopa County judge ordered Phoenix officials to clear the Zone. "Local officials can still cite, arrest, and prosecute people for any other violation of the law, including for all crimes against people and property."

Persons: Gavin Newsom, —, Johnson, California's, Newsom, Kate Gallego, Jeffrey Selbin, Selbin, Jesse Rabinowitz, court's Organizations: Circuit, CA Gov, Service, Ninth Circuit, California Gov, Phoenix, UC Berkeley, Advocacy Clinic, National Homelessness Law Locations: Grants Pass , Oregon, Martin v, Boise, Phoenix , Arizona, Maricopa, Phoenix, San Diego, San Francisco

☆ 5G-powered wearable tech could be the key to inclusive experiences for deaf and hard-of-hearing audiences at live performances
▼ + stars: | 2024-01-30 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +8 min

Wearable technology has been used in multiple industries, such as healthcare and fitness. Fewer lags and faster download speeds make the real-time experience required for wearable technology possible. The primary purpose of the wearables, she said, is to help those who are deaf or hard of hearing experience music inclusively. The Vibrotextile wearable technology is a haptic vest with wrist and ankle bands. "People want to be connected, and I think that's the most important aspect of technology," Rosella said.

Persons: —, Jill Stark, Stark, Jeffrey Stark, Jill Stark Stark, Francesca Rosella, Rosella, CuteCircuit, Stark —, SoundShirts, Cooper Hewitt, Don Emmert, Rachel Arfa, Daniel Belquer, Belquer Organizations: Service, Lyric Opera of Chicago, Fortune Business, Lyric Opera, Smithsonian Design, Getty, Chicago Lyric Opera, Chicago Mayor's, People, Labs, 5G Locations: London, New York City, AFP

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