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Activist investor Jana Partners disclosed in a letter Monday that it has built a "significant" position in semiconductor manufacturer Wolfspeed and urged the company to resolve what it called a "staggering erosion of shareholder value," up to and including a sale. In the letter to Wolfspeed's board, viewed by CNBC, Jana wrote that the semiconductor company's "differentiated manufacturing capabilities" and status as an "American supplier supporting the energy transition" gave it significant intrinsic value. Jana also wrote that management's missteps around capital allocation, execution and strategy had depressed the stock. Wolfspeed, formerly known as Cree, is a supplier of electronic components and semiconductors used to manage electricity, often in cars. Jana said Wolfspeed's board should "promptly" begin a comprehensive review of the business, up to and including a sale.
Persons: Scott Ostfeld, Jana Partners, Jana, Wolfspeed, Barry Rosenstein, Kif Leswing Organizations: JANA Partners, CNBC, Reuters, TSR, Qualcomm, Trimble Locations: New York City, U.S, Mohawk Valley, Siler City, Freshpet ,
After a degree in fine art, Lambert imagined he would become an art teacher, but a chance meeting with an art dealer who hired him as an assistant set him on a different path. Then, after a stint at another dealership, he opened his own gallery in September — Lambert Fine Art — in the British town of Stratford-upon-Avon. Dealing in art is a trade Lambert described as "unusual," because art is often a purchase driven by emotion rather than need. 'The business needs new blood'The world of art dealing can be intimidating to new entrants, according to Olya Johnson, an interior architect and co-founder of art and interiors business Relic, which she set up in 2023. Risks of dealing artThe occupation can also be risky, because dealers often own multiple pieces of art without knowing when they will be sold, according to the dealers CNBC spoke to.
Persons: , Mark Lambert, Andy Warhol, Pablo Picasso, Claude Monet, Lambert, , — Lambert, " Lambert, Olya Johnson, Johnson, Rasid, Relic, Colefax, Fowler, Natalie Vosloo, it's, Tom Rooth, Jack Roberts, I've, Roberts, David Hockney, Jeff Koons, Damien Hirst, Banksy, Shannon Finney Organizations: Art, CNBC, — Lambert Fine Art, Fair, Anadolu, Getty, Washington , DC Locations: Stratford, Avon, London, Battersea Park, Washington ,
But tucked away securely in a string-wrapped envelope was a stack of love letters my grandfather wrote to her when they were dating. These treasured notes from the 1920s were fragile and falling apart — and a time capsule of what dating was like 100 years ago. I know how it ended — my grandparents sitting at their Formica kitchen table, watching the hummingbirds and sharing the daily newspaper — but what a gift to see how it began. I saved notes my husband wrote me when we were dating, but my kids and their friends don't communicate this way anymore. Love letters, written in cursive and sealed with a kiss, may truly be a relic of the past.
Persons: She'd, Austin — Uber, Alice, I'm Organizations: Service, Business, Texas, Sears Roebuck, tote Locations: San Marcos , Texas, Austin, Fort Worth, Waco
Tyler Starrett was on vacation with his family in Pigeon Forge, about 35 miles from Knoxville in eastern Tennessee, when they learned on Thursday that O.J. Simpson had died. They had heard that one of the key artifacts of the Simpson case happened to be on display nearby at the Alcatraz East Crime Museum: the 1993 white Ford Bronco that Simpson fled from the police in, just days after the murders of Nicole Brown Simpson, his former wife, and Ronald L. Goldman. “If the Bronco is here in Pigeon Forge, why don’t we go see it?” Starrett, 23, said. Pigeon Forge, best known for Dollywood, Dolly Parton’s theme park, is at first glance not an obvious home for such a relic.
Persons: Tyler Starrett, O.J, Simpson, Ford Bronco, Nicole Brown Simpson, Ronald L, Goldman, ” Starrett, Starrett, Dolly Organizations: Alcatraz East Crime, Ford, Bronco, Alcatraz East Crime Museum Locations: Pigeon Forge, Knoxville, Tennessee, Alcatraz, Pigeon, Southern California, Nashville, San Francisco Bay
Billy Dee Williams said that actors should be allowed to use blackface. The "Star Wars" actor said he loved Laurence Olivier as Othello, a blackface performance many regard with horror. Advertisement"Star Wars" actor Billy Dee Williams said that actors should be allowed to use blackface, reopening a topic widely considered taboo. Williams, who is Black, broached the topic in an interview with Bill Maher, speaking in support of being able to use blackface. He was also the first Black actor to play a leading role in the "Star Wars" movies.
Persons: Billy Dee Williams, Laurence Olivier, Williams, , Bill Maher, Shakespeare's, Lando Calrissian, Olivier, Dominic Cavendish, Maher, should've, I'm Organizations: Service, Daily Telegraph
A long discredited, arcane 150-year-old law is back in the news in 2024, and that should terrify anyone who supports reproductive freedom. Anti-abortion activists like to bring up the Comstock Act because one of its clauses prohibits sending through the mail “every article, instrument, substance, drug, medicine or thing” that could possibly lead to an abortion. That could effectively make abortion impossible to access even in places like Minnesota, which has affirmatively protected a woman’s right to choose by passing reproductive freedom laws. In response, I’m prepared to fight back — including by introducing legislation to take away the Comstock Act as a tool to limit reproductive freedom. The Comstock Act hasn’t been broadly enforced since the 1930s.
Persons: doesn’t, Trump, I’m, hasn’t, Biden Organizations: Supreme, of Justice, Food, Drug Administration Locations: Minnesota
The Florida Supreme Court issued a separate ruling on Monday that could energize Democrats’ efforts to hold Trump to account on abortion. The ex-president has long been wary of taking a definitive stand against abortion rights. But some Republicans are infringing the spirit of the Supreme Court ruling – which sent the issue back to individual states – by pushing for a national ban. And Democrats believe they have an issue, in abortion rights, that could thwart him – despite Biden’s own unpopularity. Democrats are delighted since they have had considerable success in using ballot initiatives to protect abortion rights or reject further restrictions.
Persons: Donald Trump’s, Trump, Roe, Wade, Ron DeSantis, , it’ll, Joe Biden –, , he’d, “ What’s, ” Trump, “ You’re, , He’s, Biden, we’ve, Julie Chavez Rodriguez, DeSantis, There’s, Florida Republican Sen, Rick Scott, Scott, Democratic Sen, Bill Nelson, he’s, Debbie Mucarsel, Powell Organizations: CNN, Republican, Florida’s, Gov, Biden, Florida Supreme, Trump, GOP, Democratic, Republicans, Sunshine State, Florida Republican Locations: Florida, Trump’s, Kansas, Ohio, Alabama, United States, Michigan , Montana , California, Kentucky, Republican Ohio
But the question over the color of Jesus’ skin is a serious one this Easter, for two reasons. But there are some who say Jesus’ color should stay the same, or that it doesn’t matter at all. He concedes that there are barriers to worshipping a White Jesus that he, a White man, may not understand. Jesus didn’t simply care about the poor, he was poor.”Cleveland tells CNN that people who say Jesus’ color wasn’t important ignore history. She says the experience taught her how much White Christian nationalism and the White Jesus have merged.
Persons: CNN — Christena Cleveland, Thomas ”, Jesus, , Cleveland, Thor, , Jesus didn’t, Megyn Kelly, , Trump, Donald Trump, Al Drago, Gentile, Warner, he’s, Sallman, Edward J, Blum, Jesus Christ, Mario Tama, Christina L, Barr, ” Barr, he’d, coon, ” Antony Pinol, Pinol, God, Jesus doesn’t, ” Pino, Jeff Hutchens, Albert Cleage, George Floyd, Black, Dante Stewart, ” “, ” Stewart, James Cone, Toni Morrison, White, ‘ ’ Blum, MAGA, White MAGA Jesus, Paul Weaver, Drew Angerer, Jesus ’, Frederick Buechner, John Blake Organizations: CNN, Cleveland, TSA, Fox News, Bloomberg, Getty, CARE, New York Times, Christ, America, Communist Party, Warner, Republican Party, Black Tea News, Pennsylvania State Capitol, Christianity Locations: Cleveland, Hollywood, barbershops, Santa Claus, America, White, Avoca , Pennsylvania, Israel, Port, Prince, Haiti, Africa, Dillon , South Carolina, Asia, Southern, Eastern Europe, Rome, Harrisburg , Pennsylvania, Gaza, New York City
Clambering across the sloped roof of King’s College Chapel with the agility of an undergraduate, Toby Lucas, 56, pointed to where his craftsmen had welded solar panels to an expanse of newly installed lead. It was the scariest part of the project, he said, because an errant spark could have ignited the 500-year-old timbers underneath, which hold up the roof of this English Gothic masterpiece. “It’s an iconic landmark in Cambridge, and it’s part and parcel of where I live,” said Mr. Lucas, whose firm, Barnes Construction, did the restoration. “You don’t want to be the person who is responsible for burning part of it down.”The chapel came through the project unscorched and now stands at the heart of Cambridge University, no longer just a glorious relic of the late-medieval period but also a cutting-edge symbol of the green-energy future. Its 438 photovoltaic panels, along with solar panels on the roofs of two nearby buildings, will supply a shade over five percent of the college’s electricity.
Persons: Toby Lucas, , Lucas Organizations: Barnes, Cambridge University Locations: Cambridge
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at results from our business, tech, and innovation bracket and voting on the semifinal matchups . In case you missed it, we created a bracket with eight of the biggest topics in business, tech, and innovation . But social media has been around so long, it's truly embedded in our DNA. Former employees are suing the social media agency that manages OnlyFans accounts for top influencers like Tana Mongeau and Abby Rao.
Persons: , it's, Chelsea Jia Feng, Let's, BlackRock's Larry Fink, Joe Biden, Donald Trump, We've, Ray Dalio, Xi Jinping, LEI, Julio Cortez, Marissa Mayer's, Sam Bankman, Fried, Lewis Kaplan, Tana Mongeau, Abby Rao, Cowboy Carter, Dan DeFrancesco, Grace Lett, Lisa Ryan Organizations: Service, Business, Boomers, Getty, Bridgewater Associates, Walmart, BI, Amazon, ChatGPT, Yahoo, didn't Locations: China, Bankman, New York, Chicago
Some challenges haven't become any easier, he writes in his new book "Ghost Town Living." Once a thriving 19th-century mining hub, it was a desolate ghost town when he moved there two years later. TragedyUnderwood woke at 3 a.m. one day to the smell of smoke, he writes in "Ghost Town Living." He went to stay with his parents for a month, leaving Cerro Gordo in the hands of a few friends. Brent Underwood's "Ghost Town Living" is published by Harmony.
Persons: Brent Underwood, haven't, , Underwood, I've, he's, Loneliness Underwood, It's, Brent Underwood's Organizations: Service, Gordo, Cerro Gordo, Harmony Locations: Austin, Cerro Gordo , California, Cerro, Cerro Gordo, Death
In today's big story, we're looking at why the economy has most consumers feeling like they are stuck in place . A "trapped in place" economy is in full swing. Bad buying conditions coupled with everyday high prices means consumers can't make any major life changes , writes Business Insider's Emily Stewart. But it's not the only area of the economy that's stuck, Emily writes. So, while consumers lament being stuck in place, they should also avoid getting stuck looking to the past.
Persons: , Rebecca Zisser, Emily Stewart, it's, Emily, gunning, It's, Jerome Powell's, Tyler Le, Steve Mnuchin, Brian Moynihan, Instagram, Jensen Huang, Chelsea Jia Feng, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Tech, Federal, Wall Street, Investors, Blackstone, JPMorgan, MLB, Bank of America, mojo, Nvidia, Astera Labs, NASDAQ Locations: It's, Chelsea, New York, London
The royal family's PR strategy is in need of an update, experts say. The stoicism of the royal family's unofficial motto, "never complain, never explain," was a hallmark of Queen Elizabeth II's reign. Kate Middleton, Prince William, Prince Harry, and Meghan Markle at Windsor Castle. But it's just a motto," Prince Harry told Anderson Cooper during a January 2023 episode of "60 Minutes." Prince William, Prince of Wales and Catherine, Princess of Wales in February 28, 2023.
Persons: , Prince Harry, Meghan, Oprah, excoriating, Buckingham, Queen Elizabeth II's, Kate Middleton, Prince William, Meghan Markle, Chris Jackson, King Charles, Princess Diana, Kate, Sovereign Grant, Prince William —, Duke of, Anderson Cooper, Prince William , Prince of Wales, Catherine , Princess of Wales, Max Mumby, William's, William, Evan Nierman, Nierman, Elizabeth II, Benjamin Disraeli, Marie Claire, Kristen Meinzer, Stringer, Elizabeth, Meinzer, Queen Elizabeth, Charles, Diana's, Graham Smith, Danny Lawson, Smith Organizations: PR, Service, Getty, Sovereign, Daily, British, Hulton Locations: Windsor, Duchy, Lancaster, Duke of Cornwall, Cornwall, Kensington, Republic, Buckingham
Read previewThis as-told-to essay is based on a transcribed conversation with Sydney Baker, 27, about her experience working in office cubicles. AdvertisementBaker's first office cubicle space. People think cubicles are dreary, but decorating them can make them light and brightMy preconception about cubicles was that they didn't get a lot of sunlight. I also like that cubicles can be social, but you also have the flexibility to not be social when needed. I've never worked in an open-plan office but think I'd prefer the privacy cubicles affordI've toured open-plan offices but never worked in one.
Persons: , Sydney Baker, cubicles, I've, I'd, there's, . Baker, Bradley McKee Organizations: Service, Business, Amazon Locations: cubicles
Fewer new-car shoppers are considering EVs for their next vehicle, according to JD Power, with shoppers citing a lack of access to charging infrastructure as a main reason for ruling out EVs. Brands that have leaned into hybrids saw better sales results in February. "Hybrids are just rockin,'" Toyota Motor North America's sales chief David Christ told Automotive News after it released its sales results last week. The Toyota RAV4 SUV is one of the more popular hybrids on dealer lots. Among American brands, Ford notched a 31.5% increase in hybrid sales, as these vehicles lured more new customers to the Blue Oval.
Persons: , Power, David Christ, Ford, Jim Baumbick Organizations: Service, Tesla, Business, Brands, Toyota, Automotive, Blue, Ford
“Responsibility for enforcing Section 3 against federal officeholders and candidates rests with Congress and not the States,” they wrote in a 20-page decision. “The judgment of the Colorado Supreme Court therefore cannot stand. The high court’s ruling resolves just one of two that could have sweeping implications for the 2024 election. “The Court has settled a politically charged issue in the volatile season of a Presidential election. Particularly in this circumstance, writings on the Court should turn the national temperature down, not up.
Persons: Donald Trump, , Trump’s, Trump, affirmatively, , , ’ ”, State Jena Griswold, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Amy Coney Barrett Organizations: Colorado Supreme, Capitol, Trump, Republican, Donald Trump View, National Government, United, Colorado, State Locations: Colorado, United States
Sweden this week became the newest member of the NATO alliance. On Tuesday, Hungary's parliament voted to approve Sweden's NATO membership in a move that may be exactly what the West needs to counter Putin and his underhand tactics. Sweden has accused Russia of spreading misinformation about Koran burnings to damage its bid for NATO membership. NATO has some major challengesDespite the boost from Sweden's membership, NATO still faces some of the gravest challenges in its history. "The same is true for Finland and Sweden's NATO membership."
Persons: , Vladimir Putin, He's, Putin, Oscar Jonsson, JONATHAN NACKSTRAND, Nima Khorrami, St, Russia's, It's, Shawn Coover, Emmanuel Macron, Jonsson, Khorammi, Donald Trump Organizations: NATO, Service, Russia, Swedish Defence University, Business, Forces, Swedish Amphibious Corps, US Marine Corps, Stockholm Archipelago, Getty, Arctic Institute, Staff, US Locations: Sweden, Ukraine, Russian, Hungary's, Russia, Baltic, Europe, Stockholm, NATO, St Petersburg, Kaliningrad, USSR, Crimea, South Carolina, Western, Finland
The expansion of government-subsidized housing loans meant that cheap space was also easy to come by, as New York had a then-ample stock of residential and industrial buildings. But the city has always romanticized artist-dominated buildings, the kinds of communal spaces in which every unit might be home to an artist’s studio (and sometimes, unofficially, their residences, too). In an almost unheard-of feat of perseverance, the same artist, Don Dudley, 93, has been working out of this loft since 1971. So artists have had to create a kind of whisper network to withstand New York’s unimpeachable forward march, which the art market has, ironically, enabled. Most of them are temporary fixes before an artist — who’s grown out, or been priced out, of their space — has to move on.
Persons: Bill, Don Dudley, What’s, it’s, — who’s Organizations: Veterans, Pop Art, Brooklyn Army, Financial, Artists Locations: Europe, Paris, New York, York, Sunset, Williamsburg , Brooklyn, Ridgewood , Queens, TriBeCa, , Manhattan, Brooklyn, Queens
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. So how long is too long, and how short is too short? What matters in your job tenure is not how long, but rather how much. AdvertisementHiring managers don't want to see you flit from job to job having had little effect on the business. If you ensure that you're constantly working on some new way to have an impact on the business, a long tenure can be very rewarding.
Persons: , I've, you've, that's, They're Organizations: Service, Microsoft
Here's why: The conversion from three or four cuts to two to one to no cuts won't happen overnight. It won't be a headlong rush out of the stock market. As long as enough people think rate cuts are going to occur, there won't be torrent of money going to the sidelines. What else could influence our thinking for 2024 besides this rate-cut dilemma? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer's, Nixon, Goldwater, John Ellis, Steve Schwarzman, Blackstone, There's, we're, It's, Estee Lauder, Eaton, Ingersoll Rand, Nucor, Eli Lilly, , Zepbound, aren't, Jim Cramer, Jim Organizations: CNBC, Club, Fed, Federal Reserve, U.S, Army, U.S . Army, Republican, Federal Trade Commission, Microsoft, Activision, Wynn Resorts, Apple, Palo Alto Networks, Nvidia, GOP, That's, Caterpillar, it's Novo Nordisk, Jim Cramer's Charitable Locations: Vietnam, Wisconsin , Michigan, Pennsylvania, North Carolina , Georgia, Arizona, Nevada, China
Under Rule 3.3b (3) of the USGA Rules of Golf, the world No. “Rules are rules,” he added in his post on X, formerly known as Twitter. Spieth’s fellow pro Michael S. Kim labeled the rule “stupid,” even with “many safeguards,” while PGA Tour caddie Kip Henley lamented “another benchmark in the dumbest rule in all of sports.”“Seriously, why even have scorecards on the PGA Tour?” Henley asked in another post. USGA rules do not disqualify players for returning a score higher than their actual score, only those returned that are lower. The PGA Tour, in accordance with USGA guidelines, follows a multi-step process to check the scorecards of fields peaking at 156-strong.
Persons: Jordan Spieth, Spieth, , Hideki Matsuyama, Michael S, Kim, Kip Henley, , ” Henley, , Eddie Pepperell, Dylan Wu, Wu, Jared C, Tilton, Roberto De Vicenzo, Tommy Aaron, Vicenzo, Bob Goalby, Wyndham Clark, Carlota Ciganda, Rory McIlroy’s, we’re, , ” McIlroy, Ryan Kang, Xander Schauffele, ” “ Jordan, , ” Schauffele, It’s, Scottie Scheffler, – caddie, ” Scheffler, Ronald Martinez, Luke Kerr, Dineen, Kerr, Joel Beall, ain’t, “ Spieth, “ It’s, ” Beall Organizations: CNN, Riviera Country Club, USGA, Twitter, , Tour, Royal Liverpool Golf Club, Evian, CNN Sport, ” CNN, PGA, NBC Sports, , PGA Tour Locations: American, California, , Hoylake, England
Ancient reptile fossil revealed as a forgery
  + stars: | 2024-02-20 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +7 min
CNN —A 280 million-year-old fossil thought to be a well-preserved specimen of an ancient reptile is largely a forgery, according to new research. The fossil appeared in book and article citations over the decades, but no one ever studied it in detail. A new, detailed analysis has revealed that the dark color of the fossil isn’t preserved genetic material — it’s just black paint covering a couple of bones and carved rock. When the specimen was discovered, researchers thought the fossil might provide a rare glimpse into reptilian evolution. It’s not the first time a fossil forgery has been uncovered, but Rossi said this particular style of forgery is unusual.
Persons: antiquus, , Valentina Rossi, ” Rossi, Rossi, Mariagabriella Fornasiero, Evelyn Kustatscher, It’s, Fabrizio Nestola, ” Nestola Organizations: CNN, University of Padua’s Museum of Nature, University College Cork, Museum of Nature, Tyrol Nature Museum, University Center, Museums, University of Padua Locations: Italian, Italy, Ireland, Tyrol, Bolzano
“Honestly, sometimes lately, I’ve thought my entire career is a ZIRP,” a tech worker recently reflected. More tech workers get laid offOver the last 18 months, tech workers say it's felt difficult to stay employed as round after round of layoffs have swept Big Tech and the broader industry. The tech job market got tougherTo add insult to injury, keeping a job in tech isn’t the only thing that’s more difficult. Aline Lerner, a former tech engineer and founder of interviewing.io, a site for tech recruiting and mock interviewing for tech job seekers, said it's now much more difficult to land a tech job, particularly at a high-profile or Big Tech company. “Anecdotally, I’d say it’s the hardest it’s been to get a tech job since probably the dot-com bust," Lerner said.
Persons: I’ve, gainfully, Hacker, it's, Layoffs.fyi, Elon Musk, nix, Meta, Elon Musk's, Winni, you’re, they're, Aline Lerner, ” Lerner, , Lerner, it’s, Organizations: Federal Reserve, Business, Big Tech, Tech, Google, Microsoft, ” Tech, Twitter, Menlo, Elon, The Washington Post, Getty Images Tech, , Department of Education Locations: Big, LeetCode
The cushy Big Tech job is dead
  + stars: | 2024-02-16 | by ( Kali Hays | ) www.businessinsider.com   time to read: +10 min
Hopping from one mid-six-figure salary job in Big Tech to the next? More tech workers get laid offOver the last 18 months, tech workers say it's felt difficult to stay employed as round after round of layoffs have swept Big Tech and the broader industry. The tech job market got tougherTo add insult to injury, keeping a job in tech isn’t the only thing that’s more difficult. Aline Lerner, a former tech engineer and founder of interviewing.io, a site for tech recruiting and mock interviewing for tech job seekers, said it's now much more difficult to land a tech job, particularly at a high-profile or Big Tech company. “Anecdotally, I’d say it’s the hardest it’s been to get a tech job since probably the dot-com bust," Lerner said.
Persons: I’ve, gainfully, Hacker, it's, Layoffs.fyi, Elon Musk, nix, Meta, Elon Musk's, Winni, you’re, they're, Aline Lerner, ” Lerner, , Lerner, it’s, Organizations: Federal Reserve, Business, Big Tech, Tech, Google, Microsoft, ” Tech, Twitter, Menlo, Elon, The Washington Post, Getty Images Tech, , Department of Education Locations: Big, LeetCode
“What do you do with the – what would seem to me to be – the plain consequences of your position?" Chief Justice John Roberts asked attorney Jason Murray, who argued on behalf of the Colorado voters who brought the lawsuit. “The reason we’re here is because Donald Trump tried to disenfranchise 80 million voters,” he said. The Colorado Supreme Court agreed, ruling that Trump's conduct amounted to engaging in "insurrection" in violation of Section 3. But it is not the last time the Supreme Court will be called upon to settle questions with an outsized impact on the 2024 election.
Persons: Donald Trump, Trump, John Roberts, Jason Murray, Roberts, you’re, That’s, , Brett Kavanaugh, Murray, Elena Kagan, Kagan, Ketanji Brown Jackson, Kavanaugh, ” Jackson Organizations: Republican, Colorado voters, Democratic, Donald Trump View, Trump, Coloradans, Citizens, GOP, Capitol, The, The Colorado Supreme Locations: Colorado, United States, Washington, The Colorado
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