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☆ Airbus CFO says A350 plane production increase not tied to Boeing troubles
▼ + stars: | 2024-04-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

An Airbus' employee works on an aircraft part of the Airbus A350 at the Airbus Atlantic plant in Bouguenais, near Nantes, western France, on February 29, 2024. Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing, according to the French planemaker's chief financial officer. Toulouse-based Airbus on Thursday announced plans to increase its production rate for the long-range aircraft to 12 units per month in 2028. Airbus reported gross commercial aircraft orders of 170 in the quarter, almost half of which were variants of the A350. Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing, according to the French planemaker's chief financial officer.

Persons: Thomas Toepfer, CNBC's Charlotte Reed, Toepfer Organizations: Airbus, Boeing Locations: Bouguenais, Nantes, France, U.S, Toulouse

☆ ExxonMobil and Chevron Report Lower Earnings
▼ + stars: | 2024-04-26 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: 1 min

ExxonMobil and Chevron, the largest American energy companies, said on Friday that their earnings in the first quarter fell from a year earlier, pulled down by lower refining margins and plunging natural gas prices. But the oil and gas business remains highly profitable for the two giants even at a time of moderate oil prices. ExxonMobil said that earnings were $8.2 billion in the quarter, compared with $11.4 billion in the same period a year earlier. Their earnings were also hurt by falling prices for natural gas, a key fuel that is used in heating and industry. Natural gas prices, which soared after Russia’s invasion of Ukraine in 2022, have fallen sharply as markets adjusted.

Organizations: ExxonMobil, Chevron Locations: Ukraine

Whispering in the ears of the billionaires and celebrities doing the buying, however, are investment bankers. Like other sports bankers BI interviewed for our list of top sports bankers, he exemplified a good-humored, approachable attitude, including joking about his many sports allegiances. Related stories"Earlier in my career, I made the mistake of telling Bob Kraft that I was a New York Jets fan," Carey told BI recently. They're obsessive Jets fans, and they're just fans because I'm a Jets fan," Neville told BI. So that's why we'll be Jets fans forever."

Persons: it's, Goldman Sachs, Greg Carey, everyone's, Carey, Colin Neville's, he's, David Beckham, Steve Ballmer, Joe Tsai, Ballmer, Tsai, Neville, Andrew Kline, Kline, Bob Kraft, I'm, Robert Tilliss, There's, Abramovich, Vladimir Putin, Todd Boehly, Joe Lenehan, Michael Arougheti, David Rubenstein's, doesn't, there's Organizations: NBA, JPMorgan, Business, The, PJT Partners, Chelsea FC, Baltimore Orioles, Sports, Goldman, Endeavor, WWE, Microsoft, Beckham's, Los Angeles Clippers, Brooklyn Nets, Barclays Center, St, Louis Rams, Los Angeles Rams, Golden State Warriors, Miami Heat, Harvard, US Rugby National, Cal, New York Jets, BI, Patriots, Giants, Rays, Chelsea, Circle, Atlanta Hawks NBA, New York Mets, NFL, soccer's Premier League, Russian, Chelsea football, LA Dodgers, Yankees, Manchester United Games, Jets, we'll Locations: European, Los Angeles, Berkeley, Barcelona, Ukraine, New York

Kline was drafted in 2000 by the St. Louis Rams (now the Los Angeles Rams). He was an offensive lineman until 2002, when he left the NFL after sustaining several concussions. The boutique Los Angeles firm focuses almost exclusively on sports dealmaking — though it also works on capital raises and makes its own investments. The firm's website says it has also advised on deals for franchises like the Golden State Warriors, the Miami Heat, the Los Angeles Dodgers, Bologna FC, and the San Francisco Giants. Kline works alongside Sean Clemens and Edwin Draughan, who focus on sports mergers and acquisitions.

Persons: Andrew Kline, Park Lane Andrew Kline, Lane Kline, Kline, Sean Clemens, Edwin Draughan Organizations: St, Louis Rams, Los Angeles Rams, NFL, Athletes ' Agency, Cincinnati Bengals, MLB's Cincinnati Reds, Sports Business, Golden State Warriors, Miami Heat, Los Angeles Dodgers, Bologna FC, San Francisco Giants, NCAA Locations: San Diego, Los Angeles, Angel

☆ Supreme Court will take up the legal fight over ghost guns, firearms without serial numbers
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: +2 min

Illegal and ghost guns on display at the Attorney General Letitia James offices in Manhattan on March 15, 2023. The justices by a 5-4 vote had previously intervened to keep the regulation in effect during the legal fight. Ghost guns, which lack serial numbers, have been turning up at crime scenes with increasing regularity. The requirement applies regardless of how the firearm was made, meaning it includes ghost guns made from individual parts or kits or by 3D printers. The Supreme Court allowed the regulation to remain in effect while the lawsuit continues.

Persons: Letitia James, Luiz C . Ribeiro, District Judge Reed O'Connor, O'Connor, Donald Trump, O'Connor's, John Roberts, Amy Coney Barrett, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, Clarence Thomas, Barrett, Gorsuch, Kavanaugh Organizations: New York Daily News, Tribune, Service, Getty, Biden, Justice, U.S, District, Alcohol, Tobacco, Firearms, Explosives, Circuit, Appeals, Trump Locations: Manhattan, New, Fort Worth , Texas

☆ Reed Hastings shares the 3-word tactic that helped make Netflix a $240 billion company—it's called 'farming for dissent'
▼ + stars: | 2024-04-20 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

If you work for Reed Hastings, you'd better be ready to express your dissatisfaction. Good leaders seek out critical feedback whenever possible, the Netflix co-founder and chairman recently told entrepreneur Tim Ferriss' podcast, "The Tim Ferriss Show." "Because it's difficult, emotionally, in most companies to disagree with your manager, we call it farming for dissent," he added. "We have managers do things like [ask]: 'What are three things you would do differently if you were in my job?'" The strategies that didn't work served as learning opportunities, he added.

Persons: Reed Hastings, you'd, Tim Ferriss, Hastings, he'd Organizations: Netflix

☆ Netflix co-founder swears by ‘great business philosophy’ from Jeff Bezos: ‘Take a lot of risks on things that are recoverable’
▼ + stars: | 2024-04-18 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When it comes to taking risks, Netflix co-founder Reed Hastings has an important rule of thumb. "I try to take a lot of risks on things that are recoverable," Hastings said in a recent conversation on entrepreneur Tim Ferriss' podcast. A two-way door risk is easy to take because it's reversible, so "you can come back in and pick another door," Bezos said. But a one-way door risk probably can't be undone. In 2017, Hastings told CNBC he was actually pushing his content team to "take more risk" in that regard.

Persons: Reed Hastings, Hastings, Tim Ferriss, Jeff Bezos, Lex, Bezos, — Hastings, Ferriss, Fortune Organizations: Netflix, Amazon, CNBC, Peace Corps Locations: Swaziland, Africa

☆ Book bans are accelerating across the country amid right-wing pressure campaign
▼ + stars: | 2024-04-17 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

But, as they try to claim that mantle, many of those same forces in media and politics are behind a disturbing wave of book bans sweeping the nation. PEN America, a non-profit organization committed to protecting free expression, published an alarming report Tuesday indicating that the “book ban crisis” is only getting worse. “There were over 4,000 instances of book bans in the first half of this school year—more than all of last school year as a whole. In doing so, they have also disproportionately targeted books by women and nonbinary authors,” PEN America said. Ted Shaffrey/APSuch brazen book bans — unprecedented in modern American history — is at its worst in the red states of Florida and Texas.

Persons: New York CNN —, Nikole Hannah, Margaret Atwood’s, ” Amy Reed’s, Rupi, “, ”, ’ ‘, Ted Shaffrey, Ron DeSantis, Abdi Nazemian, I’ve, ” Nazemian, “ I’ve, ” Kasey Meehan, Read, we’re Organizations: New York CNN, PEN America, The New York Times, ” PEN America, Central Library, Brooklyn Public Library, PEN Locations: New York, USA, birthed, ’, New York City, Florida, Texas, In Florida, In Texas, Iranian, Iowa

☆ ‘Rust’ shooting: Movie armorer Hannah Gutierrez Reed to be sentenced Monday for involuntary manslaughter
▼ + stars: | 2024-04-15 | by ( Christina Maxouris | Cheri Mossburg | ) edition.cnn.com time to read: +7 min

CNN —Hannah Gutierrez Reed, the “Rust” film armorer who was found guilty of involuntary manslaughter last month for the 2021 on-set fatal shooting of cinematographer Halyna Hutchins, is scheduled to be sentenced Monday morning in a New Mexico courtroom. Bowles maintains his 26-year-old client has been scapegoated for the safety failures of film set management and other crew members. Prosecutors also cited jail calls in which Gutierrez Reed allegedly complained “about the negative affects this incident has had on her life” and called jurors derogatory names. “She had six, six live rounds on that movie set, the earliest date that I can track them for you is October 10, (2021),” the prosecutor said. “(Gutierrez Reed) could not anticipate what Baldwin would do.

Persons: CNN — Hannah Gutierrez Reed, Halyna Hutchins, Hutchins, Alec Baldwin, Gutierrez Reed, ”, Gutierrez Reed –, –, Jason Bowles, Bowles, Gutierrez Reed’s, Kari Morrissey, Morrissey, Jason Lewis, “, Prosecutors, Baldwin, Joel Souza, Souza, Hannah Gutierrez, ” Morrissey, Hannah, David Halls Organizations: CNN, Prosecutors, “ Management Locations: New Mexico, Santa Fe, Russian

☆ Oil Markets Shrug Off Iran’s Attack on Israel
▼ + stars: | 2024-04-15 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: +1 min

Oil markets shrugged off the growing tensions in the Middle East, after Iran launched a barrage of missiles and drones against Israel over the weekend. On Monday morning, prices for Brent crude oil, the international benchmark, fell by about 1 percent, to $89.49 a barrel. So far, there has been relief that the much-anticipated attack did little damage and had no effect on supplies. Oil prices had already increased substantially in the days before the assault, rising above the symbolic $90 a barrel level last week. Rystad Energy, a consulting firm, calculates that on fundamentals, Brent should be selling for $84 a barrel.

Persons: Goldman Sachs, Brent, ”, Helima Croft Organizations: Brent, Rystad Energy, RBC Capital Markets Locations: Iran, Israel, Persian

☆ Goldman Sachs CEO David Solomon breaks down how the AI obsession is creating a gold rush for the bank
▼ + stars: | 2024-04-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Artificial intelligence is on everyone's lips, and that's expected to translate into big bucks for Goldman Sachs, according to CEO David Solomon. He said the bank has been "advising clients on these topics and how to think about potential use cases in their operations." AI's impact on jobsSolomon also explained how, internally, AI could impact its own workforce. "We see enormous opportunities for productivity gains and also opportunities for efficiency," Solomon said, describing how the AI revolution could impact Goldman's human capital. Some firms like Deutsche Bank have been piloting test cases to evaluate the impact AI could have on junior bankers' workflows.

Persons: Goldman Sachs, David Solomon, Solomon, PwC, — Goldman, Goldman, JPMorgan Chase, Reed Alexander Organizations: Business, P Global, Intelligence, Deutsche Bank, Goldman, New York Times, JPMorgan, Global Locations: ralexander@businessinsider.com

☆ Here's why JPMorgan's top brass are doubtful that a major M&A comeback is on the horizon
▼ + stars: | 2024-04-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street has been hopeful that M&A activity will return this year as rates fall. On Friday, the bank reported $41.9 billion in revenue for the quarter, up 9% year-over-year — a figure that surpassed analysts' expectations. The retreat from dealmaking produced a nine-year low in terms of the number of individual M&A transactions in the quarter, LSEG reported. Dimon's warningsThe comments from JPMorgan's top brass come as Dimon issues warnings about the prospect of a gloomier economic environment.

Persons: —, Jamie Dimon, Jeremy Barnum, Barnum, Biden, that's, Goldman Sachs, Stephan Feldgoise, LSEG, EY, Dimon, Reed Alexander Organizations: Service, JPMorgan, Business, London Stock Exchange Group Locations: megamergers, dealmaking, Asia, Pacific

☆ Rust armorer Hannah Gutierrez Reed: Prosecutors ask for maximum sentence of 18 months in prison
▼ + stars: | 2024-04-12 | by ( Taylor Romine | ) edition.cnn.com time to read: +3 min

Gutierrez Reed was found guilty of involuntary manslaughter in March in relation to the death of cinematographer Halyna Hutchins. Gutierrez Reed, who was responsible for firearm safety and storage on the movie’s set, is set to be sentenced Monday. Along with facing the maximum time in prison, Gutierrez Reed also faces a $5,000 fine as part of the sentence. Like Gutierrez Reed, Baldwin, who was holding the weapon, is now also facing an involuntary manslaughter charge in Hutchins’ death. The special prosecutor’s office cited summaries of some of her jailhouse calls as one of the reasons why Gutierrez Reed should be given the maximum sentence.

Persons: “ Rust, armorer Hannah Gutierrez Reed, Gutierrez Reed, Halyna Hutchins, Hutchins, Alec Baldwin, Baldwin, Gutierrez Reed’s, ”, Hutchins ’ Organizations: CNN, Prosecutors, ” CNN Locations: New Mexico

☆ Goldman Sachs taps Carey Halio as treasurer amid criticisms of its handling of women's careers — read the full memo here
▼ + stars: | 2024-04-11 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Beth Hammack, a past treasurer and CEO of Goldman Sachs Bank USA, recently left after reportedly being passed over for the CFO job. April 11, 2024Carey Halio Named Global Treasurer of Goldman SachsI am pleased to announce that Carey Halio has been named global treasurer of Goldman Sachs and will become a member of the Management Committee. Previously, Carey was chief executive officer of Goldman Sachs Bank USA and deputy treasurer of Goldman Sachs. He first joined Goldman Sachs in 2006 in Investment Banking, where he advised US financial institutions on capital markets and regulatory capital issues. Please join us in congratulating Jehan on his new responsibilities, and in wishing him and the Investor Relations team continued success.

Persons: Goldman Sachs, Philip Berlinski, Berlinski, Goldman, Denis Coleman, Carey Halio, Halio, David Solomon, she'll, Jehan Ilahi, who's, Coleman, Russell Horwitz, Beth Hammack, Stephanie Cohen, Solomon, Horwitz, Carey, David, Jehan, Morgan, Denis Coleman Russell Horwitz Organizations: Financial Times, Goldman Sachs Bank USA, Business, BI, Street Journal, Goldman, Management, Investor Relations, Goldman Sachs Bank, Financial, Investment Banking, Equity Investor Relations, Banking Locations: New York

☆ The Masters: Bubba Watson’s nine-year-old daughter Dakota steals the show at Par 3 contest
▼ + stars: | 2024-04-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —Plenty of young golfers have sent crowds into a frenzy at Augusta National across the 88 years of The Masters, but perhaps none quite as young as Dakota Watson. Bubba Watson’s nine-year-old daughter delivered a putting masterclass during the par three contest on the eve of the major on Wednesday, showcasing the sort of golden touch around the greens that helped her father clinch two green jackets. You’ve never seen Dakota until today,” broadcaster Sean McDonough asked co-commentator Curtis Strange on ESPN’s live coverage of the contest. Now that they’re getting older, they can hit shots, we can have fun with it,” 45-year-old Watson, making his 16th Masters start, told reporters. That’s what this is all about.”After a two-and-a-half hour delay due to bad weather, the first round of The Masters got underway on Thursday.

Persons: Dakota Watson, Bubba Watson’s, –, Rickie Fowler, Allison Stokke, Maya, Watson, Charlie Riedel, Ben Crenshaw, “, you’ve, You’ve, Sean McDonough, Curtis Strange, Ben ”, ’, ” Walter Harman, Brian Harman, Mike Blake, Fowler, Sam Snead, Patrick Reed, ” Fowler, we’ll, Adam Cairns, Sepp Straka, Viktor Hovland, Luke List, Lucas Glover, Gary Woodland, Jax lasered, Jax Woodland, Warren Little, Woodland Organizations: CNN, Augusta National, USA, Sports, Reuters Locations: “

☆ Melina Abdullah: Cornel West announces fellow academic as running mate
▼ + stars: | 2024-04-10 | by ( Aaron Pellish | ) edition.cnn.com time to read: +5 min

We can be expansive and imaginative.”Abdullah, who was raised Baptist, said she believes her religious background ties into the core themes of West’s campaign. A contrast with BidenWest’s choice of a Muslim running mate accentuates his push to appeal to Muslim American voters who are dissatisfied with Biden’s handling of the Israel-Hamas war. “That said, Black Lives Matter does not endorse candidates, right? So Black Lives Matter will not be endorsing me. People within Black Lives Matter, my prayer and hope is that they’ll come with us.

Persons: Cornel, Melina Abdullah, Smiley, ” West, “, Fannie Lou Hamer, Martin Luther King Jr, Abdullah, Joe Biden, ”, I’ve, ” Abdullah, Annahita, ’, ’ ” Abdullah, Biden, accentuates, West, Dexter Reed, Kamala Harris, “ Biden, Harris, Lloyd Austin, We’re, Cornel West, Donald Trump, Matt Corridoni, “ I’ve Organizations: CNN, Independent, Cornel West, Black, California State University , Los, “, Muslim, Democratic National Committee, ”, Howard University, American Studies, University of Southern Locations: Muslim, California State University , Los Angeles, Israel, Michigan, Gaza, Chicago, University of Southern California

☆ Chicago police shooting: 96 shots fired in a fatal traffic stop. Here’s what the bodycam footage shows
▼ + stars: | 2024-04-09 | by ( Omar Jimenez | Holly Yan | ) edition.cnn.com time to read: +7 min

Across the country, police bodycam footage has played an increasing role in raising awareness and understanding about officer-involved shootings. A Chicago police officer gives Dexter Reed several commands before gunfire breaks out. Other bodycam videos show at least two other officers firing toward Reed from across the street in the residential neighborhood. “Upon stopping Mr. Reed, multiple officers surrounded his vehicle while giving verbal commands. “Review of video footage and initial reports appears to confirm that Mr. Reed fired first, striking the officer and four officers returned fire,” the office said.

Persons: Dexter Reed’s, Dexter Reed, ”, Reed, Dexter Reed Porscha Banks, Dexter Reed , Jr, COPA, “ Mr, “ Dexter, Steven Hart, ” Dexter Reed Porscha Banks, Roosevelt Banks, ” Banks, “, ” John Catanzara Jr, Kim Foxx, ” Foxx, –, Jack Hannah, Cheri Mossburg Organizations: Chicago CNN, Chicago, Chicago’s Civilian Office, Police, COPA Chicago “, Injury, Chicago Police, Civilian Office, COPA, “, of Police Chicago Lodge, CNN, Chicago Police Department Locations: Garfield, Chicago, Chicago's Garfield, Cook County

☆ Donald Trump crashes out of the Bloomberg rich list due to his meme stock nosediving
▼ + stars: | 2024-04-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

TMTG stock has plunged 53% from its intraday peak two weeks ago, slashing Trump's net worth. AdvertisementDonald Trump has crashed out of the ranks of the world's 500 wealthiest people after the value of his meme stock nosedived. The former president has fallen off the Bloomberg Billionaires Index as his net worth has dropped below the $5.8 billion required to make the cut. AdvertisementTMTG shares hit an intraday high of $79 on March 26, valuing Trump's stake at close to $6.3 billion. That's still more than 1,200 times the $4.1 million of revenue it earned last year, which fueled a net loss of $58 million for Truth Social's parent company.

Persons: Donald Trump, —, Forbes, Trump, George Soros, Mark Cuban, Giorgio Armani, Reed Hastings, Bernie Marcus, Ralph Lauren, TMTG Organizations: Service, Bloomberg, Trump Media & Technology, TMTG, Paramount, Etsy, Hasbro, American Airlines Locations: Monday's

☆ Why Oil Prices Have Been Rising Recently
▼ + stars: | 2024-04-09 | by ( Stanley Reed | ) www.nytimes.com time to read: +1 min

Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. The price of a barrel of Brent crude oil, the international benchmark, has risen more than 20 percent since mid-December. Rising oil prices could make efforts by central banks to reduce inflation more challenging. Market watchers note that a short-term retreat in prices, after such a rapid rise, is also possible. The oil price also remains below the peaks reached in 2022, when prices jumped well above $100 a barrel.

Persons: ”, Viktor Katona, Biden Organizations: Analysts, Energy Information Administration Locations: Ukraine, United States

☆ Prosecutors Defend Case Against Alec Baldwin in ‘Rust’ Shooting
▼ + stars: | 2024-04-08 | by ( Julia Jacobs | ) www.nytimes.com time to read: +1 min

Prosecutors in New Mexico defended their handling of the involuntary manslaughter case against Alec Baldwin on Friday, filing court papers in which they accused the actor of negligently failing to make sure the gun he was handed before the fatal “Rust” shooting was not loaded with live ammunition. Mr. Baldwin’s lawyers had filed a motion last month seeking to get the charge dismissed, calling the prosecution of the actor an “abuse of the system” and accusing prosecutors of having failed to give the grand jury evidence that could have helped his case. Mr. Baldwin was practicing drawing a gun he had been told was safe when it fired a live bullet in October 2021, killing the film’s cinematographer, Halyna Hutchins. The armorer responsible for weapons on the set, Hannah Gutierrez-Reed, was convicted of involuntary manslaughter last month for loading a live round into the gun on a set where there was not supposed to be any live ammunition. In the court filing on Friday, prosecutors laid out some of their arguments for going ahead with the criminal case against Mr. Baldwin.

Persons: Alec Baldwin, Baldwin, Halyna Hutchins, Hannah Gutierrez, Reed, Baldwin’s Locations: New Mexico

☆ Alec Baldwin had ‘no control of his own emotions’ on ‘Rust’ set, prosecutors claim in new legal filing
▼ + stars: | 2024-04-08 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Special prosecutors in New Mexico claim in a new legal filing that actor Alec Baldwin’s behavior on the “Rust” movie set contributed to “safety comprises” that led to the fatal shooting of the film’s cinematographer Halyna Hutchins in 2021. Prosecutors sought to defend their case in a filing Friday after Baldwin’s team filed a motion in March to dismiss the indictment against the actor. “Witnesses have testified that it was this exact conduct that contributed to safety compromises on set,” the filing alleged. Gutierrez Reed – who was responsible for firearm safety and storage on the movie’s set – was found guilty of involuntary manslaughter in March. Prosecutors also criticized public statements made by Baldwin after the incident, accusing the actor of attempting to sway public opinion.

Persons: Alec Baldwin’s, Halyna Hutchins, Prosecutors, Baldwin’s, Baldwin, “, Hannah Gutierrez Reed, ” Baldwin, “ Witnesses, Hutchins, Joel Souza, Gutierrez Reed –, –, Gutierrez Reed, Hannah Gutierrez’s, ” Organizations: CNN —, CNN Locations: New Mexico

☆ Berlin Was a Beacon of Artistic Freedom. Gaza Changed Everything.
▼ + stars: | 2024-04-06 | by ( Jason Farago | ) www.nytimes.com time to read: +1 min

She lived for a time in West Berlin. Fitting, then, that she would accept a prestigious guest professorship this year at a German art school. Rather than distill her thoughts about “this unbelievably tragic war” into the kind of public statement they seemed to want, she withdrew. “It did teach me that I didn’t really want to have that kind of sponsorship,” she concluded. The arts scene in Germany — and especially Berlin — has been turned upside down by Hamas’s attacks in Israel on Oct. 7, and the siege and bombardment of Gaza.

Persons: Laurie Anderson, —, “, ”, Anderson, Lou Reed, Berliner, fulminated, Berlin — Organizations: Germany — Locations: Germany, West Berlin, Israel, Palestinian, Berlin, Gaza

☆ Here are 5 secrets of Netflix's success, according to Reed Hastings
▼ + stars: | 2024-04-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Reed Hastings, the streaming giant's cofounder and executive chair, walked through five key elements of Netflix's corporate culture on the latest episode of "The Tim Ferriss Show." Team, not familyNetflix is run like a top-tier sports team that aims to fill each position with the best person who's also a team player, Hastings said. Stacking its roster with exceptional performers maximizes Netflix's chance of success and also motivates, educates, and draws in even more talent. Advertisement"The reward for adequate performance is a generous severance package," Hastings said. "Sometimes if to help them grow I've got to be willing to argue with my manager, then that's okay," Hastings said.

Persons: —, Reed Hastings, Tim Ferriss, who's, Hastings, I've Organizations: Service, Business, Netflix

☆ Reed Hastings says he kept losing money as an investor so he sticks to owning Netflix stock and index funds
▼ + stars: | 2024-04-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In late January, he gifted 2 million Netflix shares worth $1.1 billion to the Silicon Valley Community Foundation. The donation slashed his direct stake in Netflix by about 40% to just under 3 million shares — a position valued at about $1.9 billion. The tech veteran's net worth is still around $6 billion, as he holds 3 million Netflix stock options and has sold about $2 billion worth over the years, per the Bloomberg Billionaires Index. Hastings has also donated vast amounts of money to education providers like charter schools and historically Black colleges and universities (HBCUs).

Persons: —, Reed Hastings, Tim Ferriss, I've, Hastings, Warren Buffett, Ferriss, Buffett, priding, Charlie Munger, Hastings —, he's Organizations: Service, Netflix, Business, Berkshire Hathaway, Hastings, Community Foundation, Bloomberg

☆ Why this Goldman partner is on a mission to convince bankers to get more sleep
▼ + stars: | 2024-04-05 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Goldman Sachs partner Brian Robinson at 200 West Street. The sign that Goldman Sachs partner Brian Robinson created. Robinson's mission to revamp leadership — from his high C's to neon sign creations — appears to be rubbing off on clients and colleagues alike. He is currently making one for a Goldman partner with a fifth-floor office who asked for a customized sign to hang in that workspace, he said. The goal, he said, is for the signs to stand on the walls of Goldman Sachs "for years and decades to come."

Persons: Goldman Sachs, Brian Robinson, Goldman, Robinson, It's, Robinson —, David Solomon, John Waldron, Robinson's, —, He's, he's, Carlyle Organizations: Service, Wall Street, Business, Wall, Deutsche Bank Locations: Americas, Manhattan, London, New York

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