Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Andrew Ross"


25 mentions found


Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks CEO Brian Niccol: Most of the issues are very fixable and in our controlStarbucks CEO Brian Niccol joins CNBC's Andrew Ross Sorkin to discuss the appeal of coffee, putting guardrails around drink customization, the company's menu plan, how the challenges at Starbucks compare to what he faced at Chipotle, the brand's future in China, 2024 election, and more.
Persons: Brian Niccol, Andrew Ross Sorkin Locations: Chipotle, China
Starbucks CEO Brian Niccol: Excited to get this turnaround going
  + stars: | 2024-10-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks CEO Brian Niccol: Excited to get this turnaround goingStarbucks CEO Brian Niccol joins CNBC's Andrew Ross Sorkin to discuss the company's turnaround strategy, the biggest low-hanging fruit to fix, the challenges around pricing, the company's relationship with baristas, return to office policy, and more.
Persons: Brian Niccol, Andrew Ross Sorkin, baristas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks CEO Brian Niccol: We're evaluating strategic ways to grow in ChinaStarbucks CEO Brian Niccol joins CNBC's Andrew Ross Sorkin to discuss the appeal of coffee, putting guardrails around drink customization, the company's menu plan, how the challenges at Starbucks compare to what he faced at Chipotle, the brand's future in China, 2024 election, and more.
Persons: Brian Niccol, Andrew Ross Sorkin Organizations: China Starbucks Locations: China, Chipotle
Starbucks CEO Brian Niccol: We're tracking down the sharpies
  + stars: | 2024-10-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks CEO Brian Niccol: We're tracking down the sharpiesStarbucks CEO Brian Niccol joins CNBC's Andrew Ross Sorkin to discuss the appeal of coffee, putting guardrails around drink customization, the company's menu plan, how the challenges at Starbucks compare to what he faced at Chipotle, the brand's future in China, 2024 election, and more.
Persons: Brian Niccol, Andrew Ross Sorkin Locations: Chipotle, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks CEO Brian Niccol: We have a strong economic model despite challengesStarbucks CEO Brian Niccol joins CNBC's Andrew Ross Sorkin to discuss the challenges of mobile orders, his relationship with company founder Howard Schultz, and more.
Persons: Brian Niccol, Andrew Ross Sorkin, Howard Schultz
Balancing family and entrepreneurship, MacKay prioritizes family time while building Cadence. AdvertisementThis as-told-to essay is based on a conversation with Andrew Ross MacKay, the 33-year-old cofounder and CEO of Cadence, based in Los Angeles. I'm now the cofounder and CEO of Cadence, a salt-based electrolyte drink. This year, my daughter, Bloom, was born on March 20Mackay and his family. My family deserves me to be at my best, and to do that, I need to feel passionate about what I'm building.
Persons: Andrew Ross MacKay, MacKay, Bloom, MacKay prioritizes, , I'm, Peter Thiel, Drake, George Heaton, Mackay, Anastasia Hing, Anastasia, I've, Ana, I'd Organizations: Cadence, Service, Daring Foods, D1 Capital, Founders Fund, Daring, Ana Locations: Los Angeles, Glasgow, Scotland
The U.S. Federal Reserve won't cut interest rates as much as markets expect because "embedded inflation" is too high, Blackrock CEO Larry Fink said Tuesday, speaking at a CEO-studded panel in Riyadh, Saudi Arabia. The Biden administration's legislation, such as the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, have pushed those efforts forward. "Today, I think we have governmental policies that are embedded inflationary, and, with that being said, we're not gonna see interest rates as low as people are forecasting," Fink said. The Fed cut its benchmark rate by 50 basis points in September, signaling a turning point in its management of the U.S. economy and in its outlook for inflation. In late-September reports, strategists at J.P. Morgan and Fitch Ratings predicted two additional interest rate cuts by the end of 2024, and expect such reductions to continue into 2025.
Persons: Andrew Ross Sorkin, Larry Fink, Saudi Arabia . Fink, " Fink, onshoring, we're, Fink, Morgan, Goldman Sachs, Carlyle, Morgan Stanley Organizations: BlackRock, New York Times DealBook, Jazz, Lincoln Center, U.S . Federal, Blackrock, Saudi, Future Investment Initiative, Biden, Infrastructure Investment, Jobs, Fed, Fitch, U.S . Bureau of Labor Statistics, Standard Chartered Locations: New York City, Riyadh, Saudi Arabia, China, U.S
Billionaire hedge fund manager Paul Tudor Jones is raising alarms about the U.S. government's current fiscal deficit and the increased spending promised by both presidential candidates, saying the bond market may force the government's hand after the election in addressing it. "We are going to be broke really quickly unless we get serious about dealing with our spending issues," Jones told CNBC's Andrew Ross Sorkin on Tuesday. The founder and chief investment officer of Tudor Investment said he was worried that government spending could cause a big sell-off in the bond market, spiking interest rates. He said he plans to not own fixed income and will be betting against the longer-dated part of the bond market. Jones founded his hedge fund more than four decades ago and rose to prominence by correctly predicting the stock market crash of 1987.
Persons: Paul Tudor Jones, Jones, CNBC's Andrew Ross Sorkin, Donald Trump, Joe Biden, Trump, Kamala Harris Organizations: Tudor Investment, Treasury Department, Wall Street, Trump Locations: United States
Barry Diller called out ultrarich Americans who support Trump for economic reasons. The IAC chairman said those people were ignoring Trump's character flaws in pursuit of financial gain. Both Trump and Harris have pitched tax breaks ahead of this year's presidential election. AdvertisementBarry Diller criticized other ultrawealthy Americans for backing former president Donald Trump for economic reasons when they don't need any more money. The CRFB study found that Harris' policy proposals would add $3.5 trillion to the deficit.
Persons: Barry Diller, Harris, , Donald Trump, Diller, who's, He's, Kamala Harris, Michael Wolff, Andrew Ross Sorkin, Trump, John Paulson, Paulson, didn't, Trump's Organizations: Trump, IAC, Service, Paramount Pictures, Century Fox, USA Networks, Democratic, Business, Social Security, Budget Locations: New York City
Last year, Son — who says he uses ChatGPT every day — is said to have met with Sam Altman, the A.I. That included talks for Son to provide up to $1 billion in funding to Altman and Jony Ive, the designer behind the iPhone, to create an A.I.-powered replacement for the smartphone. Bloomberg reported that SoftBank had hoped to be part of OpenAI’s last fund-raising round, but was instead wait-listed. Son is also trying to organize the auto industry around the use of A.I. The strike poses a significant threat to the U.S. economy, with analysts estimating it could cost up to $7.5 billion a week.
Persons: SoftBank, Son —, Sam Altman, Altman, Jony, Son, Cerebras Organizations: Bloomberg, Nvidia, Gulf Coasts, International Longshoremen’s Association Locations: OpenAI’s, ramping, A.I, British, Wayve, Gulf, U.S
The most sweeping effort yet to regulate artificial intelligence, a California bill that could have informed laws around the world, is going back to the drawing board. 1047 provided necessary guardrails, and they urged California policymakers to reject intense pressure from software giants against the bill. Smaller tech companies also pushed back, worried that A.I. While governments around the world (and A.I. Act, which focuses on the riskiest use of the technology but also includes transparency requirements for the largest models.
Persons: Gavin Newsom, ” Newsom, Geoffrey Hinton, Elon Musk, Nancy Pelosi, Newsom’s, Sam Altman, OpenAI Organizations: Gov, Hollywood, Street, Google Locations: California, Silicon, S.B
The United Kingdom is pursuing investment from America's biggest banks and tech giants, as the country looks to infuse growth in its stagnant economy. "We now have a Labour government whose number one priority is wealth creation," U.K. Prime Minister Keir Starmer told CNBC's Andrew Ross Sorkin in an exclusive broadcast interview Thursday. "We are a Labour party that is proud to say we are pro business just as much as we are pro worker." In July, Starmer became the first leader from the center-left Labour party to win a U.K. national election since Tony Blair — ending 14 years of Conservative rule. This week, Blackstone committed to investing $13 billion to build a data center in the northeast of England.
Persons: Keir Starmer, CNBC's Andrew Ross Sorkin, Starmer, Tony Blair —, Brian Moynihan, Jane Fraser, Larry Fink, Brad Smith, Jonathan Gray, Blackstone Organizations: Labour, Conservative, United Nations General Assembly, Bank of America, Citi, BlackRock, Microsoft, Blackstone Locations: Kingdom, New York City, England, Europe
Read previewBillionaire investor Mark Cuban doesn't think former President Donald Trump's call for 200% tariffs on agriculture equipment company John Deere is a good idea. Cuban was weighing in on the 200% tariff that Trump said he would impose on John Deere. But imposing such a hefty tariff on John Deere, Cuban said, would be counterproductive. But tariff Chinese manufacturers 10 or 20%, so that the Chinese products will be cheaper to sell in the US than the American company," Cuban wrote on X.Advertisement"Good way to destroy a legendary American company and increase costs to American buyers," he continued. AdvertisementCuban and representatives for Trump and John Deere did not immediately respond to requests for comment from Business Insider sent outside regular office hours.
Persons: , Mark Cuban doesn't, Donald Trump's, John Deere, Cuban, Trump, they've, I'm, Kamala Harris, Harris, CNBC's, I've, Andrew Ross Sorkin, She's, Maria Bartiromo, Bartiromo Organizations: Service, Cuban, Trump, Business, Democratic, Fox News, Business Insider Locations: Smithton , Pennsylvania, Mexico, United States, Dubuque , Iowa, Ramos, American, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's Game Plan Summit highlights: Tom Cruise Olympics stunt & LA 2028CNBC's Andrew Ross Sorkin reports on the highlights from CNBC's Game Plan Summit.
Persons: Tom Cruise, Andrew Ross Sorkin
Karen Bass, Mayor of Los Angeles, waves the Olympic flag as Thomas Bach, President of International Olympic Committee, applauds during the Closing Ceremony of the Olympic Games Paris 2024 at Stade de France on August 11, 2024 in Paris, France. After a successful 2024 Olympics and Paralympics in Paris, the bar has been set high for the next summer Games in Los Angeles in 2028, something that key stakeholders in that event say the city will be ready for. LA 2028 President Casey Wasserman attended the Paris Games, an event that he told Ross Sorkin "reminded people why they fall in love with the Olympics," and one he said organizers will look to build upon in Los Angeles. Wasserman said Los Angeles got a glimpse of that with the Olympic Torch handover ceremony, when Tom Cruise scaled the Hollywood Sign and the Olympic Rings replaced the "OO"'s in the sign — which Wasserman noted was done with CGI. Actress Jessica Alba, who is on the Los Angeles 2028 board of directors, said the Games will present all different aspects of the city's culture, from Hollywood to fashion to food, as "a global platform to showcase what they got."
Persons: Karen Bass, Thomas Bach, Los Angeles Mayor Karen Bass, CNBC's Andrew Ross Sorkin, Bass, Casey Wasserman, Ross Sorkin, Wasserman, Tom Cruise, Jessica Alba, Alba Organizations: International Olympic Committee, applauds, Olympic Games, Stade de France, Los Angeles Mayor, CNBC, Paris Games, Los Angeles Games, Los, Olympic Rings, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Los Angeles, Paris, France, Angeles, Hollywood, U.S
The Donor Report Card on Harris
  + stars: | 2024-08-23 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
Donors weigh in on the D.N.C. “I will bring together labor and workers and small-business owners and entrepreneurs and American companies to create jobs,” she told the Democratic National Convention last night. The nod to corporate America comes as Democrats try to firm up relations with big business. DealBook has been hitting the phones all week to hear what donors thought of the four-day convention. A flood of donors decided to go only after Harris became the presumptive nominee.
Persons: Kamala Harris’s, , DealBook, Harris, Brad Karp, Paul, Weiss, Raymond McGuire, Lazard, Blair Effron, John Rogers Jr Organizations: Democratic, Convention, Chicago, Centerview Partners, Ariel Investments Locations: America
Google faces a reckoningShares in Alphabet, Google’s parent company, were down in premarket trading on Wednesday on news that the Justice Department is said to be considering breaking up the technology giant for maintaining an illegal search monopoly. That would be a devastating blow for the company, but it could also have huge ramifications for the broader tech sector, with Apple, Amazon and Meta all facing their own antitrust battles with the government. A recap: In a ruling last week, Judge Amit Mehta of the U.S. District Court for the District of Columbia agreed with the government and multiple states that Google’s dominance in search was constraining competition. Google said it would appeal. Mehta has asked both parties to submit suggested remedies by Sept. 4, with a hearing set to take place two days later.
Persons: Amit Mehta, Mehta Organizations: Google, Justice, Apple, U.S, District of Columbia
Starbucks makes a change at the topThis just in: Laxman Narasimhan is out as the C.E.O. of Starbucks, the company announced on Tuesday, a year and a half since he succeeded Howard Schultz at the coffee chain. Narasimhan will be replaced by Brian Niccol, a fast-food industry veteran who executed a turnaround as C.E.O. Narasimhan has also been rocked by dueling activist investor campaigns and has had to fend off criticism from Schultz. Rachel Ruggeri, the Starbucks chief financial officer, will serve as interim C.E.O.
Persons: Laxman Narasimhan, Howard Schultz, Brian Niccol, Narasimhan, Schultz, It’s, Chipotle, Mellody Hobson, Rachel Ruggeri, Niccol Organizations: Starbucks, Narasimhan Locations: U.S, China
Here’s the latest:S&P 500 futures were up slightly after fears of a slowdown in growth and hiring rocked the benchmark index last week. Investors endured both a stomach-churning rout on Monday and a bounce-back rally on Thursday. Despite that, the S&P 500 ended the week down just 0.04 percent. The big event this week is Wednesday’s inflation data. Investors are anxious after tepid jobs and manufacturing data suggested a slowdown was on the horizon.
Persons: Michelle Bowman, ” Brian Moynihan, Wall Organizations: Investors, Nvidia, Fed, Bank of America, CBS Locations: Europe, Asia
The federal court ruling that Google had abused its monopoly in online search threatens to disrupt one of the most valuable businesses in modern history, and Big Tech more broadly. Expect Google to fight back, which could drag this out for some time. What happened: Judge Amit Mehta of U.S. District Court for the District of Columbia sided with the Justice Department and several states that had accused Google of illegally cementing its search dominance. In large part that was by paying billions each year to companies including Apple and Samsung to make Google the default search engine on their devices. Those agreements hurt competition, Mehta found, allowing Google to trample competitors.
Persons: Amit Mehta, Mehta Organizations: Google, Big Tech, U.S, District, Columbia, Justice Department, Apple, Samsung
The Market Meltdown Intensifies
  + stars: | 2024-08-05 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +2 min
Stocks, cryptocurrencies, the dollar, oil — they’re all down sharply again on Monday on concerns that the U.S. economy is slowing faster than expected. It comes after a rough week for global markets. That has reignited criticisms that the Fed is moving too slowly to cut rates as economic conditions look shakier. Mega-cap tech stocks, which have driven much of the market’s gains this past year, were especially bruised: Nvidia was down 11 percent premarket, while Apple was off 7.5 percent. The yield on the 10-year Treasury note fell to a one-year low.
Persons: Berkshire Hathaway, Bitcoin, Brent, Goldman Sachs, Goldman Organizations: Nvidia, Apple, Berkshire, Nikkei, Bank of Japan, . Investors Locations: U.S, Japan
Slowdown fearsGlobal markets are a blur of red on Friday as investors fret that the U.S. economy is heading for a slowdown. Lackluster tech earnings are weighing on sentiment (more on that below), but the bigger worry is a softening jobs market and a spending pullback by consumers that threatens to crimp corporate profit. That shines a spotlight on Friday’s jobs report, scheduled for release at 8:30 a.m. Eastern, and bolsters calls on the Fed to lower interest rates at its next meeting, in September. There’s even talk that the central bank could consider a jumbo half-percentage-point rate cut to pull off its hope for a soft landing in which inflation is cooled without tipping the economy into recession.
Persons: There’s Organizations: Fed Locations: U.S
However, after EzDubs went through the Y Combinator startup program last year, the company made a quick pivot, adding Microsoft's cloud into the mix. That's because EzDubs' founders learned of a partnership that enabled Y Combinator companies to receive $350,000 worth of credits on Microsoft Azure. The current offer includes $350,000 in AWS credits, plus $300,000 reserved for tapping the custom silicon, the spokesperson said. A spokesperson later said 58% of Y Combinator startups had taken up Microsoft's credit offer, a figure that doesn't reflect actual Azure usage. "Leading AI startups use OpenAI to power their AI solutions, therefore, making them Azure customers as well."
Persons: Amrutavarsh Kinagi, Kareem Nassar, Padmanabhan Krishnamurthy, EzDubs, Krishnamurthy, Y, Annie Pearl, it's, Satya Nadella, Sam Altman, Hayden, CNBC InKeep, OpenAI, Nick Gomez, InKeep's, InKeep, Gomez, CNBC's Andrew Ross Sorkin, Prady Modukuru, Modukuru, Anthropic, Daksh Gupta, Gupta, Nassar Organizations: Google, Microsoft, CNBC, Amazon, Services, Alchemist, AWS, Hayden Field, Sync Labs, Sync, OpenAI Locations: Palo Alto , California, OpenAI's, San Francisco
L'Oreal CEO on the Olympics and innovation in beauty
  + stars: | 2024-08-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailL'Oreal CEO on the Olympics and innovation in beautyL'Oreal CEO Nicolas Hieronimus speaks with CNBC Squawk Box's Andrew Ross Sorkin in Paris during the 2024 Paris Olympics about the impact of the games on the cosmetic giants' sales, and the latest innovation in beauty
Persons: Nicolas Hieronimus, Box's Andrew Ross Sorkin Organizations: L'Oreal, CNBC Locations: Paris
Meta’s earnings calm A.I. Shares in Meta are up more than 5 percent in premarket trading, even after the parent of Facebook and Instagram said it had increased spending on A.I. The numbers: Meta’s second-quarter profit was up 73 percent year-on-year, to $13.5 billion, while revenue jumped 22 percent, to $39.1 billion. The figure in focus was capital expenditures, with Meta spending $8.5 billion in the second quarter. (That also includes the company’s long-running, unprofitable investments in the so-called metaverse and other endeavors.)
Persons: Instagram Organizations: Meta, Facebook
Total: 25