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It says the M5 will be able to travel 820 feet underwater and stay submerged for a month. A promotional concept rendering for the Migaloo M5, a proposed submersible superyacht. The Migaloo concept clearly aims to cater to an increasing desire for privacy and security among the world's richest people. Bobbing about underwater in a Migaloo M5, Elon Musk wouldn't have to worry about a jet-tracking student any longer. A promotional concept rendering for the Migaloo M5, a proposed submersible superyacht MigalooIt remains to be seen if and when any prospective buyers will bite.
Persons: Christian Gumpold, , there's, Gumpold, Migaloo, Bond, It's, Elon Musk, it's Organizations: Service, Elon, SAFE, Fast Company Locations: Austria, Austrian
If Trump is elected again, Stiglitz said, he could well pull support for Ukraine, sending grain prices soaring. For Stiglitz, the 2001 winner of the Nobel Prize in economics, America's appetite for Trump can be traced back a little more than four decades ago to the election of Ronald Reagan. "We've had 40 years of a neoliberal experiment: Strip away the regulations and lower the taxes — taxes are much lower than they used to be. But Komlos and Stiglitz don't place blame solely on Reagan for the growing economic inequality. Every European country that's had a wealth tax has walked away from it, by and large."
Persons: Donald Trump, Joseph Stiglitz, Trump, Stiglitz, Joe Biden, Ronald Reagan, , that's, Reagan, We've, Dina Litovsky, Friedrich Hayek, Milton Friedman, That's, Stiglitz doesn't, John Komlos, Komlos, Joe, Bill Clinton, Clinton, Barack Obama, insurrectionists, Desmond Lachman, Carter, Douglas Holtz, Eakin, George W, John McCain's, Holtz, America Stiglitz, Hayek, Friedman, Claudia Sahm, you've, what's Organizations: Columbia Business School, Business, Capitol, Biden, Trump, :, Good Society, America's, Federal Reserve, Budget, Bank, University of Munich, Duke University, University of North, Democratic, North American Free Trade, World Trade Organization, American Enterprise Institute, Bush's, Economic Advisers Locations: Manhattan, Ukraine, Russia, China, Beijing, Taiwan, University of North Carolina, Spain, America
Ford says the main goals of the "Ford University" platform are to improve customer service, better engage employees — especially younger ones who are accustomed to binge-watching videos — and provide dealers and the company with more data to assist business. Vietor, who joined Ford in March 2023 after leading global games learning for Amazon Web Services, will oversee Ford University. She declined to disclose how much the company has spent on the new training. Dealership employees, who are independently employed by dealers, are crucial to the company's sales, performance and customer engagement and satisfaction. Automakers have long touted the idea that better dealer experiences lead to happier customers who are more likely to become repeat customers.
Persons: Abby Vietor, Vietor Organizations: Netflix, Ford, Amazon Web Services, Ford University Locations: Mich
Most people 'genuinely have no idea'The couple's recent major purchases include an awning and rack for their van and a vacation to Barbados. In both instances, they considered whether or not they could afford the purchase on a monthly basis, Sethi said. "This is very common, and most people genuinely have no idea how to decide if they can afford something." Like many people, Callie and Travis think about their budget on a monthly basis, rather than an annual one. "Until now, they would go on trips, charge up a bunch of stuff, and then get surprised at how much it all cost," Sethi said.
Persons: Callie, Travis, Ramit Sethi, Rich, Sethi, Skip Locations: Texas, Barbados, Alaska
After graduating from Wellesley College, majoring in Chinese studies and economics, I worked at a couple of finance jobs before being poached by Goldman Sachs in Hong Kong. At Goldman Sachs, I made over $376,000 annually. I quit Goldman Sachs in 1999 and moved back home to the Bay Area, where I became lonely and incredibly sad. After about three months of traveling back and forth, I quit Goldman Sachs. Was it worth it to leave Goldman Sachs?
Persons: , Cassindy Chao, It's, Goldman Sachs, I'd, Fred, Jackie Chan, we've, We'd, Chao, Cecilia, Chao I'm, I've Organizations: Service, Wellesley College, Business, Goldman, Ivy League Locations: Oakland , California, Hong Kong, Thailand, Japan, Vietnam, Bay, California
First, that American teenagers are experiencing a mental health crisis; second, that it is the fault of phones. “Smartphones and social media are destroying children’s mental health,” the Financial Times declared last spring. What do we really know about the state of mental health among teenagers today? But the American suicide epidemic is not confined to teenagers. Is there a stronger distress signal in the data for young women?
Persons: Haidt’s, Jean Twenge, , Z, , It’s, Max Roser Organizations: Big Tech, Financial Times, New York Times, Guardian, Yorker Locations: France, Spain, Italy, Austria, Germany, Greece, Poland, Norway, Belgium, Sweden
Hedge funds are "dead" as an investment class for the super rich, said Michael Sonnenfeld, founder and chairman of Tiger 21 — a network of ultra high net worth investors and entrepreneurs. Tiger 21 members' allocation to hedge funds dropped to 2% from 12% over the past 16 years, data from the network showed. Currently, private equity takes up the largest allocation of Tiger 21 members' portfolio at 29%, followed by real estate investments at 27%. Hedge funds have a 2% allocation. Tiger 21 has 106 groups in 46 markets.
Persons: Michael Sonnenfeld, Sonnenfeldt Organizations: Tiger
The BlackRock logo is displayed at the company's headquarters in New York City on Nov. 14, 2022. Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from Saudi Arabia's Public Investment Fund (PIF), the kingdom's sovereign wealth fund. BlackRock, the world's largest asset manager with $10 trillion in assets under management, will "launch investment strategies across asset classes for the Saudi market, including both public and private markets, managed by a Riyadh-based investment team," a joint press release from the firm and the PIF read. The new platform will be called BlackRock Riyadh Investment Management, or BRIM. BRIM aims to help bring foreign institutional investment into Saudi Arabia as well as develop the Saudi asset management industry, expand local capital markets and investor diversification, and support the development of the kingdom's asset management talent, the release said.
Organizations: BlackRock, Saudi Arabia's Public Investment Fund, Saudi, BlackRock Riyadh Investment Management Locations: BlackRock, New York City, Riyadh, Saudi, Saudi Arabia
Former President Donald J. Trump’s social media company is currently worth over $6 billion. But the agreement that set the stage for its stock market debut in March was nearly derailed years earlier by Mr. Trump, who is now the biggest beneficiary of its richly valued stock, one of the firm’s co-founders said on Wednesday. Andy Litinsky, who helped start Trump Media & Technology Group, the parent company of Truth Social, testified in federal court that he had doubts about whether Mr. Trump would agree to take the firm public by merging it with a cash-rich shell company, even as the deal-signing ceremony was set to take place at the former president’s Mar-a-Lago residence in late 2021. Mr. Litinsky, a former contestant on Mr. Trump’s reality television show “The Apprentice,” said that before the ceremony, Mr. Trump had asked him whether he should go ahead with the merger of Trump Media and the shell company, Digital World Acquisition Corporation. Mr. Litinsky was in court in Manhattan testifying as a witness in an insider trading trial that arose from an investigation of traders who made millions of dollars with well-timed purchases of Digital World’s stock before the merger announcement on Oct. 20, 2021.
Persons: Donald J, Trump, Andy Litinsky, Litinsky, Organizations: Trump Media & Technology Group, Truth, Trump Media, Acquisition, Mr, Digital Locations: Manhattan
While Palantir (PLTR) is not a direct parallel, it is an AI focused company that trades at a rich valuation. These types of valuations are at risk as we grapple with the notion of potentially even higher rates from the Federal Reserve. After gapping higher above $21, PLTR has failed to see any follow through on the initial momentum. Moreover, momentum has now turned negative and its testing the $21 level as support, alongside a series of lower lows and lower highs. Since PLTR barely turns a profit, using EV to sales is a better valuation metric, which trades at over 21x.
Persons: PLTR Organizations: Federal Reserve, EV
During the past week in Donald Trump’s criminal trial, there has been talk of trysts and the trade in the secrets of the rich and famous. If convicted, Mr. Trump could face probation or up to four years behind bars. Prosecutors hoped to show that the payments originated with Mr. Trump. On Thursday, Mr. Pecker testified that after the tabloid’s parent company, American Media Inc., paid a Playboy model to stay quiet, Mr. Trump did not immediately reimburse him. Mr. Pecker said he asked Mr. Cohen, “Who is going to pay for it?” Mr. Pecker said the former fixer-turned-state-witness responded: “Don’t worry.
Persons: Donald Trump’s, Trump, Stormy Daniels, Michael D, Cohen, Daniels, ’ David Pecker, Pecker, Mr, , Organizations: SPAN, National Enquirer, Prosecutors, Mr, American Media Inc
CNN —Weeks after being taken hostage by captors from the Islamic Movement of Uzbekistan, American climber Beth Rodden was back home – but plagued by nightmares of her ordeal. On their return to the US, Rodden was baffled to find that people within the climbing community were inclined to “celebrate” their ordeal. And obviously, this was a harrowing tale,” Rodden tells CNN Sport 24 years on from the incident. Rodden struggled with insomnia and nightmares, and although she went to a few therapy sessions she says she didn’t really open up. People that are postmenopausal that are older, younger – I feel like it’s just becoming a more inclusive, well-rounded community,” she added.
Persons: CNN — Weeks, Beth Rodden, Rodden, Tommy Caldwell, , Caldwell, Beth Radley, Jason Smith, John Dickey, , ” Rodden, Rich Pedroncelli, , , It’s, ‘ You’re, ’ Rodden, Ryan Moon, There’s, Smith Organizations: CNN, Islamic, of, CNN Sport, Locations: of Uzbekistan, American, Kyrgyzstan, Kyrgyz, Tajikistan, El Capitan, Davis , California, perfectionism, Yosemite, Oregon
Paul Auster, the prolific novelist, memoirist and screenwriter who rose to fame in the 1980s with his postmodern reanimation of the noir novel and who endured to become one of the signature New York writers of his generation, died of complications from lung cancer at his home in Brooklyn on Tuesday evening. His death was confirmed by a friend, Jacki Lyden. With his hooded eyes, soulful air and leading-man looks, Mr. Auster was often described as a “literary superstar” in news accounts. The Times Literary Supplement of Britain once called him “one of America’s most spectacularly inventive writers.”Though a New Jersey native, he became indelibly linked with the rhythms of his adopted city, which was a character of sorts in much of his work — particularly Brooklyn, where he settled in 1980 amid the oak-lined streets of brownstones in the Park Slope neighborhood. As his reputation grew, Mr. Auster came to be seen as a guardian of Brooklyn’s rich literary past, as well as an inspiration to a new generation of novelists who flocked to the borough in the 1990s and later.
Persons: Paul Auster, memoirist, Jacki, Auster, Locations: York, Brooklyn, New Jersey, brownstones
Read previewThe winner of Oregon's $1.3 billion Powerball jackpot is a 46-year-old Laos-born immigrant who opted to take his winnings in a lump-sum payment — meaning he'll get $422 million. AdvertisementThe total amount to be received by Saephan, his wife, and Chao is $422,309,193.97 after taxes, per the Oregon Lottery. Previously, the biggest Oregon jackpot was announced in 2005 and worth $340 million. The Oregon Lottery said ticket sales have since 1985 earned some $15.5 billion that goes toward parks, schools, veteran services, and other state expenses. AdvertisementThe biggest-ever lottery jackpot in the US was $2.05 billion, won by Edwin Castro in California in November 2022.
Persons: , Cheng Saephan, he's, Saephan, who's, he'd, Laiza Chao, Chao, Edwin Castro Organizations: Service, Business, Oregon Lottery, Powerball Locations: Laos, Portland, Oregon, California, Texas , Arizona, Georgia , New Jersey, Maryland
Blame the former president's "quack" economic policy and his tendency to deny reality, according to Nobel economist Paul Krugman. Similar "destructive" policies could be re-enacted in the US if Trump is re-elected in November, Krugman said. AdvertisementSome of Trump's economic policies during his presidency were flawed, Krugman said. If re-elected, Trump has said he plans on cracking down on immigration and imposing tariffs on US imports, especially those from China. "What's really worrisome, however, are indications that a future Trump regime would manipulate monetary policy in pursuit of short-run political advantage, justifying its actions with crank economic doctrines ...
Persons: , Paul Krugman, Krugman, Trump, he's, that's, Nouriel Roubini Organizations: Service, The New York Times, Business, Federal Reserve, Trump Locations: China, stoke
Elon Musk has gained $36 billion in net worth over the last week, per Bloomberg. Musk is reaping the benefits after Tesla shares surged following his successful trip to China. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk is $36 billion richer following his recent trip to China. Three years later, he's now behind LVMH boss Bernard Arnault and Amazon founder Jeff Bezos, with a current estimated net worth of $202 billion.
Persons: Elon Musk, , Elon, Musk, Dan Ives, he's, Bernard Arnault, Jeff Bezos, Tesla Organizations: Bloomberg, Service, Tesla, SpaceX, Amazon Locations: China, China . China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParamount's 'one fatal mistake' was trying to be Netflix, says LightShed Partners' Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the latest developments in merger talks between Paramount and Skydance, challenges facing Paramount going forward, NBC's bidding for NBA games, and more.
Persons: LightShed, Rich Greenfield Rich Greenfield Organizations: Netflix, LightShed Partners, Paramount, NBA
Stone Age Paleo diet was not rich in meat, scientists say
  + stars: | 2024-04-30 | by ( Katie Hunt | ) edition.cnn.com   time to read: +7 min
CNN —What did people in the Stone Age eat before the advent of farming around 10,000 years ago? Scientists analyzed chemical signatures preserved in bones and teeth belonging to at least seven different Iberomaurusians and found that plants, not meat, were their primary source of dietary protein. The evidence suggested that the Iberomaurusians consumed “fermentable starchy plants” such as wild cereals or acorns, according to the study. The work undermines the idea that a Stone Age diet was meat heavy — a rigid assumption perpetuated by present-day dietary trends like the Paleo diet. The transition to agriculture was a complex process that occurred at different times and proceeded at different rates, in different ways with different foods, in different places, Pobiner said.
Persons: Heiko Temming, , Zineb Moubtahij, Max Planck, Klervia Jaouen, ” Jaouen, Iberomaurusians, ” Moubtahij, , Briana Pobiner, wasn’t, Jaouen, Pobiner, Organizations: CNN, Géosciences Environnement, Max Planck Institute, Stone, Smithsonian National Museum of Locations: what’s, Morocco, Cave, Géosciences Environnement Toulouse, France, Leipzig, Germany, Taforalt, Peru, Levant
Isidore Montag/Gorunway/Courtesy Ralph Lauren Looks from the 2024 Fall/Holiday Ralph Lauren collection. Isidore Montag/Gorunway/Courtesy Ralph Lauren Looks from the 2024 Fall/Holiday Ralph Lauren collection. Isidore Montag/Gorunway/Courtesy Ralph Lauren Looks from the 2024 Fall/Holiday Ralph Lauren collection. Isidore Montag/Gorunway/Courtesy Ralph Lauren Looks from the 2024 Fall/Holiday Ralph Lauren collection. Isidore Montag/Gorunway/Courtesy Ralph Lauren Looks from the 2024 Fall/Holiday Ralph Lauren collection.
Persons: Ralph Lauren, Kerry Washington, Jessica Chastain, Morgan Spector, Hannah Einbinder, Mies, der, Nnamdi Asomugha, Glenn Close, Kevin Tachman, Ralph Lauren Hannah Einbinder, Zach Hilty, Ralph Lauren Jodie Turner, Smith, Ralph Lauren The, , , ” Lauren, Polo, , Christy Turlington, Isidore Montag, Ralph Lauren Ralph Lauren Fall, Cowboy Carter ” –, Lauren, glitz, ” “, Rebecca Hall, Lauren’s Organizations: CNN, Polo, Washington Locations: New York City, Madison, Manhattan
CNN —Judge Juan Merchan handed down his first punishment to Donald Trump for violating the judge’s gag order in the New York hush money trial Tuesday, fining Trump $9,000 for nine violations. Instead, Davidson negotiated a $130,000 hush money deal with Cohen on Daniels’ behalf, and she did not speak out publicly before the 2016 election. In his order, the judge warned Trump that he could be imprisoned if he continues to willfully violate the gag order. “All you have to do is talk to that a**hole Cohen,” Davidson recalled. His son, Eric Trump, attended the trial – the first family member of the former president to appear during the trial.
Persons: Juan Merchan, Donald Trump, fining, Daniels, Karen McDougal, Keith Davidson, Trump’s, Michael Cohen, Davidson, Cohen, Trump, , Merchan, David Pecker, , ” Merchan, Stormy’s, McDougal, , Dylan Howard –, Gina Rodriguez, “ It’s, ” Davidson, Rodriguez, Peggy Peterson, David Dennison, Joshua Steinglass, Dennison, ” Steinglass, ” Cohen, Gary Farro, Daniels ’, Farro, ” Trump, “ Michael Cohen, He’s, Judge Merchan didn't, Jean Carroll, Prosecutors, Melania Trump, Eric Trump, Susie Wiles, Ken Paxton, David McIntosh, Barron’s Organizations: CNN, fining Trump, Trump, AMI, Prosecutors, American Media Inc, Daniels . Records, Bank, Twitter, Club for Growth, Mar Locations: New York, LA, Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with LightShed Partners co-founder Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the latest developments in merger talks between Paramount and Skydance, challenges facing Paramount going forward, NBC's bidding for NBA games, and more.
Persons: Rich Greenfield Rich Greenfield Organizations: LightShed Partners, Paramount, NBA
Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.
Persons: , We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago
Rich families across the globe are concerned about how to prepare their children to manage their wealth, but few are doing anything about it. According to a survey by JPMorgan, 69% of ultra-wealthy families cite succession planning as a top priority. That said, she attributed some of the reluctance to many of these family offices being formed within the past 10 or even five years. "Conversations about wealth can be challenging and, in our experience, families often have found it difficult to get started," she told Business Insider. Only 15% of family offices with at least $1 billion in assets kept heirs unaware compared with 27% for firms with $50 million to $500 million.
Persons: Rich, Elisa Shevlin Rizzo, Goldman Sachs, Ackah, Edward Jones Organizations: JPMorgan, Business, Forbes, UBS
"The Eames chair is basically meme status," said Joel Vanderveen, a 35-year-old from Minnesota who created a subreddit about a decade ago dedicated to all things Eames. "Until the last 10 years, when people would say to me they had an Eames chair, I never knew which one they meant," Kirkham said. The Eames chair is one of those rare luxury goods that checks all those boxes for novices and experts alike, in his view. Not everyone with the Eames chair has a new one, an expensive one, or even a real one. The Eames chair seems eco-friendly, too — they're not going to be tossing it out in two years.
Persons: he'd, that's, Herman Miller Eames, I'd, I'm, Eames, Herman Miller, Amy Auscherman, Herman Miller's, Joel Vanderveen, Charles, Ray Eames, Pat Kirkham, Kirkham, wasn't, it's, It's, Auscherman, Julia Mack, Jennifer Jones, Kyle, He's, Zak Cole, who'd, Shawn Pasternak, they're, Derek Guy, HENRY, Guy, Loren Kreiss, they've, Emily Stewart Organizations: MoMA, Kingston University, Playboy, Porsche, Ikea, Democrat, Business Locations: New York City's Queens, Minnesota, ottoman, London, Brooklyn , New York, San Francisco, Brooklyn, Nashville, Los Angeles, Michigan, Washington, It's, I'm
Insider Today: LinkedIn ghostwriter boom
  + stars: | 2024-04-28 | by ( Matt Turner | ) www.businessinsider.com   time to read: +4 min
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Meta CEO Mark Zuckerberg BIThis week's dispatchBig Tech takeawaysTesla, Meta, Microsoft, and Alphabet reported earnings last week. Microsoft: AI spend was also the name of the game at Microsoft. Alphabet also issued a $0.20 per share dividend — its first ever — joining its Big Tech peers like Microsoft, Apple, and Meta, in the dividend club. drbimages/Getty, LinkedIn, Tyler Le/BILinkedIn ghostwriting is boomingLinkedIn influencers are becoming more popular, with some amassing followings of millions of people.
Persons: , Herman Miller Eames, Mark Zuckerberg, Tesla, Meta didn't, Kevin C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Dominic Bugatto, Dani Widell, Hokyoung Kim, Tyler Le, Samu Hällfors Organizations: Service, Business, Big Tech, Meta, Microsoft, Apple, The, Airbnb, LinkedIn
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