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A novel about a woman grieving her twin and another tracing North and South Korean history through a family of railway workers are among the six titles nominated for this year’s International Booker Prize, the prestigious award for fiction translated into English. Translated from German by Michael Hofmann, Erpenbeck’s book is about a torrid affair between a student and a 50-something novelist in communist East Germany. Dwight Garner, reviewing “Kairos” for The New York Times, said it was a “beautiful bummer” of a novel, in which a reader could wallow. The other shortlisted titles include Itamar Vieira Junior’s “Crooked Plow,” translated from Portuguese by Johnny Lorenz. Anderson Tepper, in a review for The New York Times, said that “Vieira provides a compelling vision of history’s downtrodden and neglected.”
Persons: Booker, Jenny Erpenbeck, Erpenbeck, , , Michael Hofmann, Dwight Garner, Kairos, Itamar Vieira Junior’s, Johnny Lorenz, Anderson Tepper, “ Vieira Organizations: Booker Prize, The New York Times Locations: East Germany
Cabaret has been integral to New York nightlife for more than a century, but every so often, reports of its death — however exaggerated — cause a stir. Recently on a brisk afternoon, she arrived at a loft in Bed-Stuy, Brooklyn, for a confab with four other veterans of the cabaret scene. Tammy Lang, 57 — who has earned a devoted following through her titular comedic persona as Tammy Faye Starlite, an evangelical country crooner, and through her homages to Marianne Faithfull and Nico — perched beside her on a sofa. Horne holds court Mondays at the East Village’s Club Cumming, playing piano for singalongs that stretch into the wee hours. Such late revelry is less common than it used to be, pointed out Sidney Myer, 73, who, as longtime booking manager of Don’t Tell Mama near Times Square, has nurtured careers for decades and is a performer himself.
Persons: Natalie Douglas, , , ” Douglas, Ella Fitzgerald, Nina Simone, Tammy Lang, Tammy Faye Starlite, Marianne Faithfull, Nico —, Jennifer Ashley Tepper, Lance Horne, Liza Minnelli, Kylie Minogue, Horne, East Village’s Club Cumming, Sidney Myer Organizations: Birdland, Broadway, East Village’s Club, Times Locations: New York, Los Angeles, Brooklyn
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
Wall Street's excitement about Nvidia has reached a fever pitch as its valuation soars. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementExcitement on Wall Street about Nvidia is reaching a fever pitch after the chipmaker’s market value surpassed both Amazon and Google owner Alphabet this week. Nvidia is set to report its earnings for the final three months of 2023 on Wednesday. “If AI is the next industrial revolution, then absolutely we could see Nvidia’s valuation surge continuing,” Katherine Brooks of online broker XTB, told Business Insider.
Persons: Ray Dalio, Paul Tudor Jones, David Tepper, , Ray Dalio’s, Kenneth Fisher’s Fisher, Jim Chanos, Steve Cohen’s Point72, It’s, Jensen, ” Katherine Brooks, XTB Organizations: Nvidia, Carolina Panthers, Service, Google, Traders, Reuters, Ray Dalio’s Bridgewater Associates, Kenneth Fisher’s Fisher Investments, Paul Tudor Jones ’ Investment Corp, Big Tech
In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.
Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, , Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California
David Tepper's Appaloosa Management trimmed positions in multiple semiconductor stocks during the fourth quarter, while buying into a closely-watched technology exchange-traded fund. Tepper cut back exposure to Advanced Micro Devices , Intel , Lam Research , Micron , Nvidia and Taiwan Semiconductor in the latest quarter, regulatory fillings show. Taiwan Semiconductor saw the largest sale on a percentage basis, with the Carolina Panthers football team owner approximately halving his stake. Elsewhere in technology, Tepper built an initial stake in Oracle , while adding to Microsoft and Amazon . Microsoft and Amazon are now the second and third largest positions.
Persons: David Tepper's, Tepper, ARKK, Cathy Wood's Organizations: Devices, Intel, Lam Research, Micron, Nvidia, Taiwan Semiconductor, VanEck Semiconductor, Carolina Panthers football, Qualcomm, AMD, Pittsburgh, Innovation, Oracle, Microsoft, Amazon . Holdings, Meta, United Parcel Service, HCA Healthcare, General Motors, FMC, Pitt, Carnegie Mellon, Arista Networks, PDD Holdings, Uber Locations: Lam, Caesars, Alibaba
Ambassador to the United Nations Nikki Haley visits a polling place as voters cast their votes in the New Hampshire presidential primary election in Hampton, New Hampshire, U.S., January 23, 2024. The relatively small sum raises new questions about whether Haley can finance a viable presidential primary campaign over the coming months. The super PAC entered the reporting period in July with around $17 million, but finished with a paltry $3.5 million war chest. Ken Griffin, the CEO of Citadel, gave $5 million to the super PAC in December, according to the FEC records. It was unclear, however, if the $5 million Griffin revealed late in January was the same $5 million the Haley PAC reported in December.
Persons: Nikki Haley, Haley, Donald Trump, Jan, Ken Griffin, Griffin, Griffin's, Ken Langone, David Tepper, Harold Hamm, Ben Kamisar, Bridget Bowman Organizations: U.S, United, New, Commission, SFA, Inc, PAC, SFA Fund, South, Trump, MAGA Inc, Citadel, CNBC, Haley, Haley PAC, Home, Carolina Panthers, NBC Locations: New Hampshire, Hampton , New Hampshire, U.S, South Carolina, Iowa
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 3 things in marketsJim Esposito, Goldman Sachs' head of global markets and banking, is set to retire from the bank, the firm said Monday. Jim Esposito is leaving Goldman Sachs after nearly 30 years. While he didn't share his next move, he told peers he'd "bleed Goldman Sachs forever." Goldman Sachs says rate cuts need to be on the menu in March.
Persons: , Brooks Koepka, Rory McIlroy, Keyur Khamar, Marc Lasry, Steve Cohen, Aaron Mok, LeBron James, — Arthur Blank, Gerry Cardinale, Goldman Sachs, who's, Lasry, Cohen, Point72, it's, Patrick Smith, Peacock, David Tepper, Jim Esposito, We've, he'd, Jean Boivin, David Mericle, NurPhoto, Getty, Javier Zayas, Kevin Winter, Tyler Le, Critics, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Costco, Getty, PGA Tour, Fenway Sports Group, NFL's Atlanta Falcons, Capital Group, Milwaukee Bucks, New York Mets, NFL, Denver Broncos, Washington, Washington Post, Kansas City Chiefs, San Francisco 49ers, Carolina Panthers, BlackRock, Spotify, Apple, Google, Entertainment, Netflix, Studios, HBO, Disney, Walmart, Microsoft, Business Locations: Vegas, BlackRock, New York, London
CNN —Coaching vacancies continue to be filled around the NFL, as the Atlanta Falcons announced on Wednesday that Raheem Morris had been hired as head coach of the organization, while the Carolina Panthers named Dave Canales as their new head coach. Kyusung Gong/APIn replacing Arthur Smith in Atlanta, Morris becomes the first full-time Black head coach in franchise history, per the Falcons. “I am overjoyed for the opportunity for my family and I to return to Atlanta as the Falcons head coach,” Morris said in a statement, where he also thanked McVay and the Rams. He served as offensive quality coach, assistant quarterbacks coach, wide receivers coach, quarterbacks coach and pass game coordinator between 2010 and 2022. Mike Carlson/APThe Panthers have put their faith in the first-time head coach to turn the franchise around.
Persons: Raheem Morris, Dave Canales, Morris, Sean McVay, Dan Quinn, Kyusung Gong, Arthur Smith, , ” Morris, McVay, Arthur Blank, Bill Belichick, Belichick, Greg M, Cooper, Dave Canales Canales, David Tepper, , Canales, Tom Brady, Baker Mayfield, Mayfield, Mike Carlson, Bryce Young, Young Organizations: CNN, NFL, Atlanta Falcons, Carolina Panthers, Atlanta, Los Angeles Rams, Falcons, Tampa Bay Buccaneers, Rams, Bowl, New England Patriots, AP Carolina Panthers, Tampa, Panthers, ” Panthers, Bucs, Seattle Seahawks, NFC, Philadelphia Eagles, Detroit Lions, Carolina, Chicago Bears Locations: Washington, LA, Atlanta, Tampa Bay
How to tell when a migraine attack is coming
  + stars: | 2024-01-24 | by ( Madeline Holcombe | ) edition.cnn.com   time to read: +5 min
The study team found that sleep quality and energy were important indicators of a migraine attack on the following day. Migraine preventionKnowing when a migraine is coming can make all the difference — especially with growing interest in treating one before it starts, Tepper said. A migraine attack isn’t just a headache. It makes sense that people might be conservative about using medication for migraine pain, Tepper said. “There’s no downside because rimegepant has almost no side effects and is not associated with transformation into chronic migraine,” Tepper said.
Persons: , Kathleen Merikangas, , Stewart Tepper, Tepper, wakefulness, ” Merikangas, ” Tepper, , rimegepant, Kylie Petrarca, Merikangas Organizations: CNN, Intramural, National Institute of Mental Health, New England Institute for Neurology Locations: Stamford , Connecticut
Morgan, who has spent the past three seasons as the Panthers' assistant GM, will oversee the personnel operation, the team announced. The team had requested interviews with eight candidates: Giants assistant GM Brandon Brown, Buccaneers assistant GM Mike Greenberg, Chiefs vice president of football operations Brandt Tilis, Eagles assistant GM Alec Halaby, Saints assistant GM Khai Harley, Ravens vice president of football administration Nick Matteo, Colts assistant GM Ed Dodds and Raiders interim GM Champ Kelly. He went on to work as director of player personnel for the Buffalo Bills before returning to the Panthers as assistant GM in 2021. A first-round draft pick in 2001, he helped the Panthers reach their first Super Bowl in 2003, anchoring the middle of the defense. He played seven seasons for Carolina set an NFL record with 25 tackles in the Panthers' Super Bowl loss to the New England Patriots on Feb. 1, 2004.
Persons: CHARLOTTE, Dan Morgan, Morgan, David Tepper, Scott Fitterer, Bryce Young, Dan, ” Tepper, ” Morgan, Tepper, Brandon Brown, Mike Greenberg, Brandt Tilis, Alec Halaby, GM Khai, Nick Matteo, Ed Dodds, Champ Kelly, Frank Reich, Matt Rhule, Ron Rivera, Chris Tabor, Steve Wilks, Perry Fewell, Ben Johnson, Frank Smith, Bobby Slowik, Dave Canales, Brian Callahan, Todd Monken, Dan Quinn, Raheem Morris, Mike Macdonald, Tabor, Ejiro Evero, Young, mightily, Sam Howell, Eddy Pineiro, ___ Organizations: The Carolina Panthers, Panthers, New York Jets, Giants, Buccaneers, Chiefs, Eagles, GM Khai Harley, Ravens, Colts, Raiders, Seattle Seahawks, Buffalo Bills, Carolina, New England Patriots, Pro, Lions, Dolphins, Cowboys, Rams, The Panthers, Cleveland Browns Locations: N.C, Alabama, Carolina
The Carolina Panthers fired their coach on Monday following the team’s NFL-worst 1-10 start in his first year at the helm. Instead, the Panthers are assured of a sixth straight losing season since Tepper bought the team in 2018 for $2.275 billion. Political Cartoons View All 1265 ImagesSpecial teams coordinator Chris Tabor will take over as interim head coach. Tabor will become the fifth head coach or interim head coach since Tepper bought the team. Tabor has never served as an NFL head coach.
Persons: CHARLOTTE, Frank Reich, David Tepper, Tepper, Reich, Bryce Young, Moore, Chris Tabor, Thomas Brown, Jim Caldwell, Tabor, Matt Rhule, Steve Wilks, haven’t, Pete McCulley, Nathaniel Hackett, Urban Meyer, Freddie Kitchens, Ron Rivera, Perry Fewell, Rhule, Wilks, Young, ___ Organizations: The Carolina Panthers, NFL, Panthers, Tennessee Titans, Sunday, Philadelphia Eagles, Indianapolis Colts, Carolina, San, Major League Soccer, Baylor, Chicago Bears, Young Locations: N.C, Carolina, San Francisco, Denver, Jacksonville, Cleveland, Arizona, Charlotte
Appaloosa Management's David Tepper upped his stake in a handful of big technology names in the latest quarter — with one notable exception, regulatory fillings show. Broadcom , Cadence Design and Marvell Technology were among other stocks that Appaloosa zeroed out in the quarter. KE was Appaloosa's only new holding in the latest quarter, but amounted to just a $37 million position. In fact, Tepper's top five holdings are all mega-cap tech names, according to InsiderScore. The Pitt and Carnegie Mellon grad raised his Meta and Microsoft holdings even more, each one almost a third larger by quarter's end.
Persons: David Tepper, Tepper Organizations: Meta, Microsoft, Nvidia, Securities and Exchange Commission, Apple, Broadcom, Cadence Design, Marvell Technology, Carolina Panthers football, Baidu, Holdings, American, Pittsburgh, Pitt, Carnegie Mellon grad Locations: China, Beijing
Video Ad Feedback Arkansas man receives world's first whole eye surgery 03:32 - Source: CNN Your Health 16 videos Video Ad Feedback Arkansas man receives world's first whole eye surgery 03:32 Now playing - Source: CNN Video Ad Feedback Taking more naps could change your brain size 02:35 Now playing - Source: CNN Video Ad Feedback This highly sought after skill could actually be bad for your health 02:29 Now playing - Source: CNN Video Ad Feedback These common walking mistakes can ruin a good thing 01:57 Now playing - Source: CNN Video Ad Feedback Nearly 40% of dementia cases can be prevented with one small health change 02:13 Now playing - Source: CNN Video Ad Feedback Want to live longer? Follow these tips from 'blue zones' 02:35 Now playing - Source: CNN Video Ad Feedback Here's why your allergies are getting worse and lasting longer 02:00 Now playing - Source: CNN Video Ad Feedback The murky science behind cold water immersion 03:11 Now playing - Source: CNN Video Ad Feedback He wanted to end his life at 15. After an accident at work led to the loss of his left eye and part of his face, Aaron was given a new window to his soul, as well as a partial face transplant. No medical team in the world had previously performed a successful human eye transplant in a living patient. Dr. Eduardo Rodriguez, director of the Face Transplant Program at NYU Langone Health, performs the whole-eye and partial face transplantation surgery.
Persons: James, Aaron James, Aaron, Meagan peered, ” Meagan, , Eduardo Rodriguez, “ That’s, ” Aaron, Meagan, Allie, , ’ Meagan, ” Allie, ’ ”, NYU Langone Health —, Rodriguez, ” Rodriguez, it’s, ’ ” Aaron, José, Alain, ” Aaron James, Dr, Sanjay Gupta, Oren Tepper, Tepper Organizations: CNN, NYU Langone Health, NYU, Health, Texas, American Academy of Ophthalmology, Ophthalmology, University of Pittsburgh School of Medicine, CNN Health, Montefiore Health Locations: New Jersey, New York, Arkansas, Mississippi, Dallas, Dallas , Texas, Texas, Turkey
Bezos makes third losing bet on real estate
  + stars: | 2023-11-03 | by ( Ben Winck | ) www.reuters.com   time to read: +4 min
It’s not the only questionable real estate decision Bezos has made in the past several years. He announced in a Thursday Instagram post that he will move to Miami, leaving the Washington city where he founded Amazon in 1994. Bezos grew up in the south-Florida city in the early 1980s, and he will return to a two-mansion compound worth some $147 million, according to Bloomberg. Miami-based real estate had a renaissance during the pandemic as people sought warmer climates where they could be outside. Still, the founder is no stranger to real estate bets that don’t always make financial sense.
Persons: Jeff Bezos, It’s, Bezos, Ken Griffin, David Tepper, lockdowns, That’ll, don’t, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, Amazon, Bloomberg, U.S . Federal Housing Finance Agency, Reuters Graphics Reuters, Dade, University of Miami, Homes, Climate, U.S . Federal Aviation Administration, Shepard, Thomson Locations: Miami, Seattle, Florida, Washington, Bezos, Indian, Arlington , Virginia, Arlington, Cape Canaveral
While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.
Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, , Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL
More than 11% of the world's more than 2,000 billionaires have run for election or become politicians, according to a study highlighting the growing power and influence of the super-wealthy. "Billionaire politicians are a shockingly common phenomenon," the study said. Outside the U.S., billionaire politicians are even more common. Terry Gou, the Taiwanese billionaire and founder of Foxconn, is running for president of Taiwan. Of course, billionaires wield even more political power through their (often secret) donations to support candidates, parties and super PACs.
Persons: Donald Trump, Terry Gou, Vivek Ramaswamy, Doug Burgum, Michael Bloomberg, Tom Steyer, Billionaire Rick Caruso, J.B, Pritzker, Andrej Babiš, Silvio Berlusconi, Bidzina Ivanishvili, Najib Mikati, Sebastián, Thaksin, Phil Ruffin, Larry Ellison, Nelson Peltz, Richard Uihlein, Jeffrey Yass, Stanley Druckenmiller, Cliff Asness, David Tepper, Bruce Kovner Organizations: Wisconsin Valley Science, Technology, Northwestern University, Democratic, Los Angeles, Tax Fairness, Billionaire Locations: Wisconsin, Mount Pleasant , Wisconsin, U.S, Illinois, Taiwan, Czech Republic, Italy, Georgia, Lebanon, Chile, Thailand
“I don’t think there is any way of discussing Teju Cole’s aesthetic without putting front and center this idea of his relentless inventiveness,” the writer Amitava Kumar wrote by email. Cole calls his new novel “a reiteration of my faith in fiction.” But it didn’t come easily or quickly. After “Open City,” Cole began to conceive of a big work of nonfiction on Lagos, his hometown, in the vein of Suketu Mehta’s book “Maximum City,” about Mumbai. (Cole, who often borrows from his own biography in his books, was born in Kalamazoo, Mich. and raised in Nigeria. I think I had to realize that what I have to offer is something else, closer to the bone and more personal.”
Persons: Amitava Kumar, , Thelonious Monk, Kumar, Cole, , ” Cole, that’s Locations: Lagos, , Mumbai, Kalamazoo, Mich, Nigeria, United States
Rainmakers find political hedge in Chris Christie
  + stars: | 2023-10-16 | by ( Ben Winck | ) www.reuters.com   time to read: +4 min
[1/2] Republican presidential candidate and former New Jersey Governor Chris Christie speaks at the New Hampshire Republican Party’s First in the Nation Leadership Summit in Nashua, New Hampshire, U.S., October 13, 2023. Several hedge fund rainmakers poured cash into Chris Christie’s campaign over the summer, according to filings released on Monday. But with legal woes hanging over Trump’s campaign, contributions to the most anti-Trump conservative could become a valuable call option for the group that knows something about hedging. It’s notable that Christie has been vocal about attacking Trump, whom he advised during the prior president’s first term. Former New Jersey Governor Chris Christie raised $3.8 million over the quarter, aided by donations from wealthy investors including Stanley Druckenmiller, David Tepper and Paul Tudor Jones.
Persons: Chris Christie, Brian Snyder, Donald Trump, hasn’t, Wall, Chris Christie’s, Christie, Nikki Haley, Ron DeSantis, Vivek Ramaswamy, Tim Scott, That’s, Stanley Druckenmiller, David Tepper, Tudor Investment’s Paul Tudor Jones maxed, Seth Klarman, Bruce Kovner, Trump, ” Christie, Ramaswamy, Tyler Winklevoss, Paul Tudor Jones, Lauren Silva Laughlin, Sharon Lam Organizations: Republican, New, New Hampshire Republican Party’s, Nation Leadership Summit, REUTERS, Rights, Reuters, Republican Party, Trump, Duquesne Capital, Management, CAM, Fairleigh Dickinson University, Reuters Graphics Reuters, Federal, Former New Jersey, Thomson Locations: New Jersey, Nashua , New Hampshire, U.S
Not long after founding the startup, Gaon shared his vision with famed venture capitalist Marc Andreessen. It was notable to Gaon at the time that Andreessen — "one of those investors who's known for seeing where the market is going" — appeared to have pinpointed loneliness as its own market. That moved her parents, Cindy and Anne Jordan, who had sold their first healthtech company years before, to found the Arizona company Pyx Health. "The loneliness crisis is bigger, and more urgent, than anything I've worked on before," Nyborg wrote in a blog post. Inspired debuted a thesis in 2020 that identified loneliness as a key focus for the firm to invest in.
Persons: Benjamin Gaon, Boaz Gaon, Benny, Gaon, Marc Andreessen, Andreessen, Wisdo, , Anne Wojcicki, Marius Nacht, Andreessen Horowitz, Vivek Murthy, Betsy Hoover, Bumble, Rylie Sarabia, Cindy, Anne Jordan, policyholders, Dawn Owens, it's, Owens, Julie Rice, Elizabeth Cutler, Rice, Peoplehood, Phil Levin, Levin, Culdesac, Renate Nyborg, I've, Nyborg, Hugo Amsellem, He's, Ava, Catalyst, Nate Tepper, Tepper, Adam Besvinick, Frances Haugen, Hoover, Alexa von Tobel, von Tobel, David Spinks Organizations: Pyx, Labs, verve, Investors, Pyx Health, TT Capital Partners, New, Khosla Ventures, Sequoia Capita, AI Fund, NEA, AIs, Looking Glass, Anonymous, Glass, Facebook, Bloomberg Locations: Arizona, Minneapolis, New York, Ava, France, Peoplehood, Hopscotch
David Tepper expects stock valuations to fall due to interest rates and quantitative tightening. The Fed has also hiked interest rates from nearly zero to north of 5% over the last 18 months. As a result, stocks can fall if their earnings fall (earnings compression), or if their earnings multiple shrinks (multiple compression.) His latest bet underscores the big returns available to investors at virtually no risk thanks to higher rates. "Interest rates are to asset prices like gravity is to the apple," Buffett said in 2013.
Persons: David Tepper, Tepper, , CNBC's Scott Wapner, Warren Buffett, Buffett Organizations: Service, Appaloosa Management, Federal Reserve, CNBC, Big Tech, Nvidia
CNN —Scientists have decoded an ancient aroma by identifying the ingredients used in Egyptian mummification balms — and resurrected the scent. The exact recipes used in the mummification have long been debated because ancient Egyptian texts don’t name precise ingredients. The new findings suggest that the relatively complex balms used in Senetnay’s preservation may have been the beginning of a trend of more elaborate ones used later on. Dammar resin, an ingredient used in embalming, appears next to a bottle of the recreated ancient scent. “The scent of eternal life” will be part of an ancient Egyptian exhibit at the Danish museum that opens in October.
Persons: , Barbara Huber, ” Huber, Pharaoh Amenhotep II, Pharaoh Thutmose III, Amenhotep II, Senetnay, Christian Tepper, Howard Carter, Carter, Pharaoh, Nicole Boivin, Carole Calvez, dammar, it’s, ” Boivin, Dammar, Sofia Collette Ehrich, Huber, Barbara Huber “, Organizations: CNN —, Moesgaard Museum, Max Planck Institute of Geoanthropology, Max Planck Institute, Geoanthropology Locations: Denmark, Egypt’s Valley, Germany, , Hannover, India, Southeast Asia, Europe, Saqqara
Hedge funds showed great enthusiasm toward tech stocks tied to artificial intelligence during the second quarter, including Nvidia , according to Goldman Sachs. Goldman equity analysts then identified 11 stocks as near-term AI beneficiaries. The smart money hedge funds continued to load up on Nvidia at a rapid pace last quarter following the chipmaker's blowout forecast. Hedge funds also piled into Big Tech names Microsoft , Meta and Amazon, which all have recently made developments surrounding AI. Several hedge funds also added a lesser-known semiconductor name, Credo Technology , last quarter.
Persons: Goldman Sachs, Management's David Tepper, Meta, Goldman, Value's Jeffrey Smith, there's, — CNBC's Michael Bloom Organizations: Nvidia, Big Tech, Microsoft, Meta, OpenAI, Technology, Semiconductor, Marvell Technology
Dan McNamara's Polpo Capital is shorting office real estate, a risky move that could be lucrative. If you're looking for a doomsday vision of commercial real estate, you can find it there. "I don't think this is the 'Big Short,'" McNamara told me. This doesn't mean he doesn't have a game plan to make money off cultural shifts that could forever change the state of commercial real estate. Lucas Jackson/ReutersWhere he's going longOne risk of shorting real estate is that it's more susceptible to what's known in real-estate circles as "extend and pretend."
Persons: Dan McNamara's, McNamara, it's, It's, shorting, Carl Icahn, Jim Chanos, Brendan McDermid, Dan McNamara, McNamara's, Braver Stern, Dan McNamara McNamara's, suede loafers, McNamara didn't, Josh Nester, Polpo, he's, Morgan Stanley, Kamil Sadik, Lucas Jackson, Manus Clancy, You've, David Tepper's, Trepp's Clancy, Clancy, David Tepper Organizations: Central Park, New, Polpo, New York University, Columbia, Kynikos Associates, Enron, Asset Management, Reuters, UBS, Co, Societe Generale, Securitized Credit Partners, Credit Suisse, MP, Fund, Bloomberg, of America, Simon Property, Federal Locations: Manhattan, Sixth, Central, New York City, New York, MatlinPatterson, America, China, Italy, Westchester , New York, Tribeca, York, Westchester, Waterford , Connecticut, Baltimore, San Francisco
The extraordinary activist-investor interest in Salesforce (CRM) eased further in the second quarter, according to the latest regulatory filings from influential Wall Street pros. His firm still owned about 2 million Salesforce shares as of June 30. Tepper also bought 2.3 million shares of Advanced Micro Devices (AMD) and 480,000 shares of Apple (AAPL) during the second quarter. As a result, Appaloosa's holdings as of mid-August may differ significantly from the conclusion of the second quarter. GOOGL YTD mountain Alphabet YTD performance Bets on Google's parent company, Alphabet (GOOGL), varied in the second quarter.
Persons: Dan Loeb's, Jeff Smith's, Salesforce, Jeffrey, Starboard's Jeff Smith, Smith, he's, 13Fs, it's, Marc Benioff, Mason Morfit, Paul Singer's Elliott, Elliott, Elliott —, Nelson Peltz's, Bob Iger, Peltz, David Tepper, Tepper, Bill Ackman's, Seth Klarman, Loeb, Klarman, Stanley Druckenmiller, Druckenmiller, Eli Lilly, That's, Jim Cramer's, Jim Cramer, Jim, Kim Kulish Organizations: Inclusive Capital, CNBC, Paul Singer's Elliott Management, Constellation, Club, Constellation Brands, Corona, Modelo, DIS, Disney, Management, Walt Disney Co, Peltz, Nvidia, Appaloosa Management, Microsoft, Micro Devices, Apple, AMD, Bill Ackman's Pershing, Capital Management, Oracle, Duquesne Family Office, Jim Cramer's Charitable, Corbis, Getty Locations: Salesforce, Tuesday's
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