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☆ Bill Ackman is probably about to get a lot richer. And much louder
▼ + stars: | 2024-06-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The funding announced Monday puts a $10 billion price tag on Pershing Square, which manages about $16 billion worth of assets. The benefit of going public is you get to make money, obviously, so it’s not hard to see why Pershing Square would want to do it. For Ackman, in particular, being at the helm of a publicly traded company could be a particularly jarring shift. Pershing Square officially hung up its activist megaphone in 2022, opting to work with a small group of companies behind the scenes. Many of those followers are the kinds of retail investors Ackman could hope to attract to a publicly traded fund.

Persons: CNN Business ’, Bill Ackman, who’s, Ackman, ”, Lawrence J ., White, “, I’ve, ” White, he’s, I’m, he’ll, —, Elon Musk, Pershing, Musk, ” NYU’s White, Tesla Organizations: CNN Business, New York CNN, Pershing, Securities, Exchange, NYU Stern School of Business, Herbalife, Twitter, Hamas, MIT, Trump, SEC, Bloomberg Locations: New York, Pershing, Israel

☆ Demand for a hot new AI role is skyrocketing — but some say it won't last.
▼ + stars: | 2024-03-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

Day to day, she coaxes AI models like OpenAI's GPT, utilizing natural language to manipulate the model into spitting out exactly the content she wants. "I just find it really interesting, really fun — it's like solving a word puzzle," Daniel, whose résumé also includes a prompt engineering role at LinkedIn, said. AdvertisementDaniel is part of a wave of a new kind of AI engineers — those without formal tech skills. AdvertisementDemand for prompt engineers has been skyrocketing amid the AI hype, and salaries are echoing the excitement. "I think different standards will emerge between what everybody can do and what the expert prompting engineers can do," she said.

Persons: —, Kelly Daniel, Daniel, Lazarus, Tanya Thomas, Thomas, Antropic, OpenAI's ChatGPT, Critics, Conor Grennan, Grennan, Rick Battle, Teja, Vasudev Lal, Lal, Yinuo Chen, Chen, there'll, Mark Zuckerberg's, she's Organizations: Service, LinkedIn, Google, NYU Stern School of Business, VMware, Intel Labs, Meta Locations: Beijing

☆ Nvidia's AI pathway is not as easy or open to profits as markets assume, says NYU's Damodaran
▼ + stars: | 2024-02-29 | 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 EmailNvidia's AI pathway is not as easy or open to profits as markets assume, says NYU's DamodaranAswath Damodoran, NYU Stern School of Business professor, joins 'Closing Bell' to discuss what happens now with equity markets, if the valuation for Nvidia wasn't as overstretched as initially thought, and how investors should view Nvidia's stock now.

Persons: NYU's, Damodoran Organizations: NYU Stern School of Business, Nvidia wasn't

☆ 3 signs the economy is thriving — and 3 red flags to monitor
▼ + stars: | 2024-02-15 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +10 min

Positive labor market data and GDP growth support this, but job opportunities in some sectors are down. Not all job data is positive, with job openings falling from their post-pandemic highs. Below are some of the signs the economy is thriving, as well as some warning signs. Labor market data is mostly positiveThe labor market is still stable despite gradually slowing, Kimbrough said during the forum. "I think the investment side of our economy is going to start to chip away a little bit at the discretionary consumption weight in our economy."

Persons: —, Marc Giannoni, LinkedIn's Karin Kimbrough, Charles Schwab's Liz Ann Sonders, Giannoni, Kimbrough, Jerome Powell, Powell, NerdWallet's Elizabeth Renter, Sonders, They're, there’s, there's, — Kimbrough, it’s Organizations: Federal, Service, Barclays, NYU Stern Economic, Labor, Conference, University of Michigan's, Market Committee, Health, New, New York City Housing Locations: York, New York City

☆ The market is overvalued by 9-10%, says NYU's Aswath Damodaran
▼ + stars: | 2024-01-16 | 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 EmailThe market is overvalued by 9-10%, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business, joins 'Closing Bell' to discuss whether he reasoning for the market being overvalued

Persons: NYU's, Damodaran Organizations: NYU Stern School of Business

☆ I'm a student at NYU Stern. The school can be perceived as cutthroat and competitive, but I've found a supportive community.
▼ + stars: | 2023-11-30 | by ( Vincent Campanaro | ) www.businessinsider.com time to read: +6 min

I hesitated to enroll in NYU Stern because of its reputation for being cutthroat and competitive. AdvertisementChoosing New York University's Stern School of Business as my new home was not a decision I took lightly. I've discovered the reality at Stern contrasts sharply with the stereotypesContrary to popular belief, the stereotypes about Stern students are just that — stereotypes. AdvertisementStern is not a traditional college experience, but it's perfect for meMany people say the Stern experience is like getting your MBA as an undergrad. The school's hyperfocused approach, combined with the lack of a "traditional" college campus differentiates it starkly from a conventional college experience.

Persons: NYU Stern, —, University's, Stern, I've, résumés, they've, It's Organizations: NYU, Service, University's Stern School of Business, U.S . News, Stern Locations: Wall, Manhattan

☆ The market doesn't seem egregiously overvalued into 2024, says NYU's Aswath Damodaran
▼ + stars: | 2023-11-27 | 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 EmailThe market doesn't seem egregiously overvalued into 2024, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor, joins 'Closing Bell' to discuss the rally's staying power and more.

Persons: NYU's, Damodaran Organizations: NYU Stern School of Business

☆ Layoffs keep hitting Amazon, Netflix, Warner Bros. Discovery, and more entertainment companies — here's the list of those with recent cuts
▼ + stars: | 2023-11-16 | by ( Lucia Moses | Alison Brower | ) www.businessinsider.com time to read: +7 min

"Netflix missed their numbers, and Wall Street woke up," said Paul Hardart, director of NYU Stern's entertainment, media and technology program. A wide range of companies and employees were impacted, from entertainment giants to independent production companies to Hollywood talent agencies. More consolidation among the legacy media companies and independent production companies is widely expected, which often entails job cuts. Entertainment companies will get back to staffing up, but the jobs will be in stronger growth areas like gaming, streaming, and advertising, more than in filmed entertainment programming. Here are the Hollywood companies, listed alphabetically, that have made layoffs since the summer.

Persons: Paul Hardart, Bob Iger, Joanna Sucherman, Fox, Priyanka Chopra Jonas, Nadia Sinh, Companywide, Rami Malek, Mr, Dawn Olmstead, Heather McCauley, YANNIS DRAKOULIDIS, Oscar, Severance, Roku, Alison Levin, NBCUniversal, Curtis Brown, James, Jennifer Coolidge Organizations: Netflix, Disney, Business, US Bureau of Labor Statistics, NYU, Warner Bros, NBC, JLS Media, Entertainment, Hollywood, Amazon Studios, Studios, Talent, Variety, CAA, ICM Partners, DreamWorks Animation, Apple, NETFLIX, Nasdaq, TechCrunch, Starz, CNBC, Lionsgate, LIonsgate, UTA, Hollywood Reporter, Fletcher & Company, Co, HBO Locations: Hollywood, Australia

☆ I assume Instacart will maintain market share of online grocery, says NYU's Aswath Damodaran
▼ + stars: | 2023-11-09 | 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 EmailI assume Instacart will maintain market share of online grocery, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor, and CNBC's Bob Pisani join 'The Exchange' to discuss the health of the IPO market, Instacart's valuation, and more.

Persons: NYU's, Damodaran, Bob Pisani Organizations: NYU Stern School of Business

☆ Elon Musk laid him off. Now he’s aiming to build a social network that’s better than X
▼ + stars: | 2023-11-07 | by ( Clare Duffy | ) edition.cnn.com time to read: +17 min

They wanted it to be everything most social media struggles to be: positive, safe and inclusive. And as the user base of the platform now known as X splinters, so does Black Twitter, the community of Black users that was a big part of Twitter’s growth and culture. Legacy social media platforms have repeatedly failed to anticipate how their products might be manipulated or misused until something goes wrong. Alphonzo Terrell, co-founder of the social media app Spill, demonstrates how the platform works during an interview with CNN. CNNEven with AI content moderation models, other social media companies often fail to catch harmful content that makes it onto their platforms.

Persons: Alphonzo Terrell, he’d, Terrell – who’d, –, Elon Musk, Terrell, DeVaris Brown, “, ‘, ’ ” Terrell, who’s, Brown, Musk, ”, Maya Umemoto Gorman, …, ” Terrell, Brown —, Kenya Parham, weren’t, Elon, Maya Iman ‘, they’ve, “ That’s, Alphonzo Terrell “, Paul Barrett, they’d, it’s, — don’t, Jalaiah Harmon, Taylor Lorenz, Latoya Lee, ” Lee Organizations: New, New York CNN, Twitter, Elon, CNN, Spill, Washington Post, HBO, Showtime, YouTube, Intel, Cisco, Microsoft, NYU Stern Center for Business, Human, Apple, Kapor Center, Social, Mac Venture, Netflix, Disney, Amazon Prime, VH1, Pew Research Center, New York Times, California State University Fullerton Locations: New York, Los Angeles, Kenya, Spill, Georgia

☆ Young people who work remotely are 'probably not going to become CEOs' and make tons of money, an NYU business professor says
▼ + stars: | 2023-11-04 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Gen Zers choosing remote work and work-life balance may face consequences further down the line. That's according to NYU professor Suzy Welch who spoke with Insider about Gen Z's work habits. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . She said: "There's never really been a time where you could just sort of show up at work, work nine to five and have wild success.

Persons: Suzy Welch, Welch, —, Gen Zers, They're, Scott Galloway, they're, There's, it's, That's Organizations: Service, York University, NYU Stern School of Business, Deloitte Locations: adulting

☆ Apple's biggest risk is the next upgrade not catching on, says NYU's Aswath Damodaran
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's biggest risk is the next upgrade not catching on, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School Of Business, joins 'Closing Bell' to discuss the big tech rebound, risks to Apple's performance and more.

Persons: NYU's, Damodaran Organizations: NYU Stern School Of Business

Judge Arthur Engoron in his bombshell decision also canceled the New York business certificates of Trump, the Trump Organization, and the other defendants, including two of his sons, in a lawsuit by the state Attorney General's Office. The defendants in the case include Trump, his sons Donald Trump Jr. and Eric Trump, former Trump Organization Chief Financial Officer Allen Weisselberg, company executive Jeff McConney, and Trump Organization entities. Engoron also ordered sanctions of $7,500 for five attorneys who represented the Trump defendants for making frivolous and previously rejected arguments in court filings. In the fourth criminal case, Trump is charged with falsifying business records related to a 2016 hush money payment to porn star Stormy Daniels. Even after Engoron appointed an independent financial monitor for the Trump Organization last year, "defendants have continued to disseminate false and misleading information while conducting business," the judge wrote.

Persons: Donald Trump, Arthur Engoron, Letitia James, Chris Kise, Trump, Kise, Engoron, James, Donald Trump Jr, Eric Trump, Allen Weisselberg, Jeff McConney, Stormy Daniels, Engoron's, Trump's, Alina Habba, Habba Organizations: Team Trump Iowa, Jackson, Fairgrounds, New, Trump, Trump Organization, General's, NYU Stern School of Business, Engoron, Federal Locations: Maquoketa , Iowa, New York, United States, Lago, Florida, Palm Beach Florida, Palm Beach, New York City, Springs, Westchester County , New York, Aberdeen, Scotland, American, New York State

☆ The top economist at EY thinks the US economy faces a 'trifecta' of threats that could make Americans stop shopping and cause a slowdown
▼ + stars: | 2023-09-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

EY chief economist Gregory Daco thinks "consumers are becoming more conservative with their spending." Coming up is another headwind: the restart of federal student-loan payments. The different economic threats means consumer spending growth may not be so hot next year, as consumers are already reducing their spending. Other economists have pointed out how the upcoming student-loan payment restart will have an impact on the economy. Have you changed your spending habits or are you spending less on certain items given the restart of student-loan payments, fewer savings, and other factors?

Persons: Gregory Daco, Taylor Swift, it's, Daco, Torsten Sløk, NYU Stern, David Kelly Organizations: Service, Consumer, Bureau of Labor Statistics, BLS, NYU, Morgan Asset Management, AAA, CNBC Locations: Wall, Silicon, American, —, mhoff@insider.com

☆ Why Amazon's $4 billion AI startup bet has 'predator moves' against Microsoft and Google written all over it
▼ + stars: | 2023-09-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Amazon plans to invest $4 billion in AI startup Anthropic, the firm announced Monday. The move gives Amazon a stake in a foundational AI company to compete with Microsoft and Google. Conor Grennan, dean of students and head of generative AI at NYU Stern, wrote in a LinkedIn post that "this Anthropic deal has predator moves against Microsoft and Google written all over it." Google invested $300M months ago & Anthrophic should have used GCP as their preferred cloud provider. Instead:"Anthropic selects AWS as its primary cloud provider."

Persons: Anthropic, Claude, —, OpenAI, Conor Grennan, Grennan, Gergely Orosz, GCP, NYU Stern's Grennan Organizations: Amazon, Microsoft, Google, Service, NYU Stern, Nvidia, Alexa, GCP, NYU, AWS Locations: Anthropic, OpenAI

☆ NYU professor says he's skeptical of any company entering the market with a 'SoftBank-based pricing'
▼ + stars: | 2023-09-20 | 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 EmailNYU professor says he's skeptical of any company entering the market with a 'SoftBank-based pricing'Aswath Damodaran, professor of finance at NYU Stern School of Business, discusses recent initial public offerings, such as Arm's, and says "I just don't trust SoftBank."

Persons: Damodaran Organizations: NYU Stern School of Business

☆ 10 signs the US economy may struggle in the next year
▼ + stars: | 2023-09-14 | by ( Madison Hoff | Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

By raising interest rates, the Fed "wants us to buy fewer cars. There are signs that a drop in savings could be making it harder for Americans' to keep up with paying off debt. Long-term interest rates rising for non-economic reasonsLong-term interest rates are on the rise, even though economic data on the whole is improving. Higher-interest payments for the US governmentSløk also noted higher interest payments for the US government as another downside risk to the outlook. Projections published by the Congressional Budget Office show increasing estimates for the upcoming decades for federal interest payments as a share of GDP.

Persons: Torsten Sløk, Sløk, Paul Krugman, Persis Yu, Jan Hatzius, Goldman Sachs, Hatzius, it's, , you've, Andy Kiersz, That's, Brent Organizations: Service, Apollo Global Management, NYU Stern School of Business, Federal Reserve, San, San Francisco Fed, Student, Protection, CNBC, New York Fed, Banking, West Texas, Labor Statistics, US, Fitch, Congressional Locations: Wall, Silicon, San Francisco, China, Japan, Europe, Germany

☆ SoftBank's involvement in the ARM IPO is a red flag, says NYU's Aswath Damodaran
▼ + stars: | 2023-09-14 | 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 EmailSoftBank's involvement in the ARM IPO is a red flag, says NYU's Aswath DamodaranAswath Damodaran, professor of finance at NYU Stern School of Business, joins 'The Exchange' to discuss a potentially over-zealous hype going into the ARM IPO valuation, concerns about SoftBank's involvement in the ARM IPO, and expectations for upcoming IPOs in the pipeline.

Persons: NYU's, Damodaran Organizations: ARM, NYU Stern School of Business

☆ AI's impact on revenues is based on theory at this point, says NYU's Aswath Damodaran
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI's impact on revenues is based on theory at this point, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor, joins 'Closing Bell' to discuss finding overvalued equities in mega caps, quantifying the impact of AI, and the market impact of interest rates.

Persons: NYU's, Damodaran Organizations: NYU Stern School of Business

☆ Your next apartment could be someone's old cubicle as developers rush to convert empty offices
▼ + stars: | 2023-08-27 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

The mayor of New York City aims to turn old office buildings into 20,000 new apartments. The Manhattan-based architect John Cetra, who has worked on office conversions since the 1980s, calls it "the amenity war." His firm, CetraRuddy, recently announced it's leading the conversion of a 30-story office building, formerly home to Goldman Sachs, in Manhattan's financial district. Adams' goal is to create up to 20,000 new homes for 40,000 New Yorkers in converted office buildings over the next decade. AdvertisementAdvertisementNew York City has already had some success in converting office buildings to homes.

Persons: you'll, they've, everyone's, Steven Paynter, we've, John Cetra, it's, Goldman Sachs, Cetra, Eric Adams, Paynter, He's, who's, Adams, We've, Dan Garodnick, Mark Hogan, Hogan, Charles Bloszies, I've, that's, Bloszies, Garodnick, Arpit Gupta Organizations: Service, CetraRuddy, York, US Department of Housing, Urban Development, Yorkers, New York City's Department of City Planning, San Francisco, Supervisors, New York Stock Exchange, NYU Stern School of Business, Research Locations: New York City, Wall, Silicon, York, San Francisco, Manhattan, Toronto, Calgary , Alberta, York City, Francisco, New York

☆ Nvidia is worth $240 per share, says NYU's Aswath Damodaran
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia is worth $240 per share, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business Professor of Finance, joins 'Closing Bell Overtime' to talk Nvidia's post-earnings rally,

Persons: NYU's, Damodaran Organizations: Nvidia, NYU Stern School of Business, Finance

☆ The world will follow China rather than the EU on AI rules: Professor
▼ + stars: | 2023-08-16 | 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 EmailThe world is going to follow China rather than the EU on many aspects of A.I. rules, says professorArun Sundararajan of NYU Stern School of Business says in contrast to China, the United States is still at a "fairly early stage" when it comes to regulating artificial intelligence.

Persons: Arun Sundararajan Organizations: NYU Stern School of Business Locations: China, EU, United States

☆ Equity risk premium is core to understanding long-term market returns, says NYU's Aswath Damodaran
▼ + stars: | 2023-08-11 | 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 EmailEquity risk premium is core to understanding long-term market returns, says NYU's Aswath DamodaranAswath Damodaran, professor of finance at NYU Stern School of Business, joins 'Squawk on the Street' to discuss why investors should pay closer attention to equity risk premiums, how equity risk premiums help gauge future market health, and more.

Persons: NYU's, Damodaran Organizations: Equity, NYU Stern School of Business

☆ The 'lazy girl jobs' trend is being fueled by 20-somethings who haven't made hard decisions or done hard things, says an NYU business professor
▼ + stars: | 2023-07-28 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

NYU professor Suzy Welch told CNBC that a desire to avoid anxiety was behind the viral "lazy girl jobs" trend. The "lazy girl jobs" trend has gone viral on TikTok, with videos under the #lazygirljobs hashtag racking up more than 17.9 million views since May. TikToker Gabrielle Judge, who popularized the trend, urged her followers to seek out "lazy girl jobs." However, TikTok users — including Judge — have begun warning users to stop sharing their lazy girl jobs online to avoid becoming "socially outcasted," Insider previously reported. Welch's remarks are the latest in the debate over work-life balance stirred up by the lazy girl jobs trend.

Persons: Suzy Welch, somethings, TikTokers, Welch, Jennifer Sotsky, Sotsky, TikToker Gabrielle Judge, Judge, Gabrielle 👸🏻 @ Organizations: CNBC, Service, NYU Stern School of Business Locations: Wall, Silicon

☆ NYU professor Suzy Welch on 'lazy girl jobs' trend: A strong desire to avoid anxiety at all costs
▼ + stars: | 2023-07-26 | 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 EmailNYU professor Suzy Welch on 'lazy girl jobs' trend: A strong desire to avoid anxiety at all costsSuzy Welch, NYU Stern School of Business professor, joins 'Squawk Box' to discuss the latest Gen Z 'Lazy Girl Jobs' career trend going viral on TikTok, where it favors low-stress jobs that favor more work-life balance, the underlying reasons behind the trend, and more.

Persons: Suzy Welch Organizations: NYU Stern School of Business

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