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☆ Calls of the Day: Home Depot, Accenture, Shopify, Blackstone & Caterpillar
▼ + stars: | 2024-06-26 | 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 EmailCalls of the Day: Home Depot, Accenture, Shopify, Blackstone & CaterpillarThe Investment Committee discuss the latest Calls of the Day.

Organizations: Depot, Accenture, Shopify, Blackstone & Caterpillar The Investment

☆ These are the best-paid CEOs in the U.S.—some pull in over $1 billion a year
▼ + stars: | 2024-06-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

The highest-paid CEOs don't all lead the world's biggest companies. On Monday, C-Suite Comp published its list of the highest-paid CEOs of 2023 based on "total compensation granted," a measure that includes executives' salaries, bonuses, perks and stock options, among other factors. CEOs often receive restricted stock or options as a significant part of their compensation, the value of which can fluctuate based on the company's performance and market conditions. This new measure of executive earnings, dubbed "compensation actually paid" under SEC rules, is designed to help stakeholders better understand how executive pay aligns with the company's financial performance. Here's how much the U.S.'s best-paid CEOs are being awarded, as of 2023:

Organizations: Apple, Blackstone, Securities and Exchange Commission, SEC Locations: U.S

☆ This hyper-exclusive CEO training program doesn't care about your 4.0 GPA
▼ + stars: | 2024-06-24 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

The promise of a more rapid climb up the corporate ladder has made Alpine's CIT program incredibly popular. While it's too soon to know how Alpine's CIT program ranked this year, it received 750 applications for just 12 slots. AdvertisementAnderman's own non-conventional career took her from college dropout to ballet dancer to the world of international development to business school. When she interviewed for her job at Alpine, Weaver asked how she could handle the job with no prior experience. — Alpine's founder and CEO — Alpine's founder and CEOThe first attribute the company looks for is IQ, but not in the traditional kind.

Persons: —, it's, Tal Lee Anderman, you've, Tal Lee Anderson, Graham Weaver, GSB, Weaver, whittle, Anderman, David Wurtzbacher, Wurtzbacher, they're, Geoff Smart Organizations: Service, Business, CIT, Harvard Business School, Stanford's, School of Business, Wharton School, University of Pennsylvania, Harvard, Tal Lee Anderson Alpine, Stanford, Wharton, Kellogg School of Management, Northwestern, University of Chicago Booth School of Business, Alpine, Alpine's San, Citadel, Yale Law School, America Locations: Alpine's, Alpine's San Francisco, Blackstone, Anderman, Manhattan, Jackson , Mississippi, Hong Kong

☆ Election Updates: Trump has rapidly eroded Biden’s edge in the 2024 cash battle.
▼ + stars: | 2024-06-21 | by ( Shane Goldmacher | Theodore Schleifer | ) www.nytimes.com time to read: +10 min

Overall, Mr. Trump was a daunting $100 million behind Mr. Biden at the start of April. And for the first time, Mr. Trump’s principal campaign committee had more cash than Mr. Biden’s: $116.5 million to $91.6 million. report does not translate to boots on the ground tomorrow,” Dan Kanninen, Mr. Biden’s battleground states director, said in an interview. So far, Mr. Biden has enjoyed a tremendous advertising advantage over Mr. Trump. Hopefully that changes as we get even closer.”For now, Mr. Biden is racing to replenish his coffers in June.

Persons: Donald J, Trump, Biden, outpacing, Trump’s, ”, Brian Derrick, ” Mr, Timothy Mellon, “ What’s, Dan Kanninen, Donald Trump, ” Steven Cheung, Mr, Joe, President Trump, Cheung, Jimmy Kimmel, Barack Obama, Erin Schaff, Nikki Haley, Haley’s, John Paulson, Stephen A, MAGA, Rufus Gifford, Mitt Romney, Barack Obama’s, Jon Reinish, He’s, Obama, Terry McAuliffe, Bill Clinton, — Andy Beshear, JB Pritzker, Gretchen Whitmer Organizations: Mr, Democratic National Committee, Republican National Committee, Trump, Biden, Democratic, Republican, The New York Times, Blackstone, Make, Inc, MAGA Inc, Hollywood, Illinois Locations: New York, Los Angeles, Trump’s Florida, Mar, AdImpact, Pennsylvania, Georgia, Virginia, Kentucky, Michigan, Atlanta

☆ With 10% yields, private credit looks attractive, says UBS. What you need to know before investing
▼ + stars: | 2024-06-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

There's a lot to like about private credit right now, according to UBS. "We still have defaults very low on the private credit side, lower than what we're seeing on public. "With private credit, you don't know how things might change going forward," she explained. While there are some good players in private credit, there are others who are not, he said. Investing in BDCs Another way to get exposure to private credit is by investing in the public stocks of the business development companies, or BDCs, that are doing the private lending.

Persons: Leslie Falconio, Falconio, Jamie Dimon, Dimon Organizations: UBS, Blackstone Private Credit Fund, Franklin BSP Private Credit Fund, SEC Locations: UBS Americas, Franklin, BDCs

☆ Inside the highly competitive training program that puts MBAs into a CEO role right after graduation — and is harder to get into than Harvard
▼ + stars: | 2024-06-18 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

Read previewWhat's the most sought-after job opportunity for graduating students of top business schools like Harvard Business School, Wharton at UPenn, and Stanford's Graduate School of Business? For the 2024 CIT program, which starts this summer, Alpine received 750 applications for just 12 slots, giving it an acceptance rate of 1.6%. Related stories"You're moving from Yale Law School and Harvard Business School to Jackson, Mississippi, to run a plumbing company," Anderman said as an example. Wurtzbacher also got invaluable leadership training from Weaver, a longtime professor at Stanford's Business School and winner of the MBA Distinguished Teaching Award in 2024. The CIT program is so attractive to them because it offers a clear path to doing this by leading a company.

Persons: —, Wharton, David Wurtzbacher, Wurtzbacher, Tal Lee Anderman, Graham Weaver, Weaver, JP, Graham, Anderman, they're, they've Organizations: Service, Harvard Business School, Stanford's Graduate School of Business, McKinsey, Business, Investors, Harvard, Stanford Business School, Green, Partners, CIT, Alpine's CIT, Wharton, Alpine, BI, Yale Law School, Alpine's San, Stanford's Business School, Stanford Locations: UPenn, San Francisco, Stanford, Manhattan, America, Jackson , Mississippi, Alpine's, Alpine's San Francisco, York, Carolinas, Virginia

☆ Planning for retirement? These stocks make 'great long-term investments,' according to the pros
▼ + stars: | 2024-06-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

But investors with a greater risk appetite or a longer runway to retirement can consider stocks. CNBC Pro asked the experts what stocks they would buy that are suited to long-term investing for retirement purposes. Dziubinski named three stocks which she says look undervalued but will make "great long-term investments" at current prices. Starbucks Dziubinski says Starbucks ' brand and pricing power have earned it a wide economic moat rating, which according to the firm refers to a company's durable competitive advantage. Wheaton Precious Metals Regal Point Capital's Marolia named Wheaton Precious Metals as a stock with long-term potential.

Persons: Susan Dziubinski, Dziubinski, Vijay Marolia, Morningstar, Marolia, it's, Wheaton, we've, we're Organizations: Morningstar, CNBC Pro, Regal Point, Consumer, Johnson, Brands, Nike Nike, Nike, Wheaton Precious, Wheaton Precious Metals, Blackstone Group

☆ TravelPerk buys US rival AmTrav, raises $135 million from Blackstone, BlueOwl
▼ + stars: | 2024-06-18 | 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 EmailTravelPerk buys US rival AmTrav, raises $135 million from Blackstone, BlueOwlAvi Meir, TravelPerk's CEO and co-founder, discusses the company's acquisition of American competitor AmTrav and the broader state of play in the corporate travel market.

Persons: BlueOwl Avi Meir, AmTrav Locations: Blackstone

☆ How MBAs Are Skipping the Corporate Ladder to Become CEOs
▼ + stars: | 2024-06-18 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

☆ SoftBank-backed travel tech firm TravelPerk acquires U.S. rival and bags $135 million for expansion
▼ + stars: | 2024-06-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

To help fund the deal and TravelPerk's broader expansion efforts, the company also raised $135 million in debt financing from private equity firms Blackstone and Blue Owl. Avi Meir, TravelPerk's CEO and co-founder, told CNBC the deal would allow the company to turbocharge its growth in the United States. He expects the deal to double TravelPerk's U.S. revenues and make the country its biggest revenue-generating region by 2026. The Global Business Travel Association estimated that the US corporate travel sector was worth $329 billion in 2023. TravelPerk said its U.S. office footprint would expand to include AmTrav's offices in Boston, Chicago, Los Angeles and Miami.

Persons: Avi Meir, Meir, AmTrav, TravelPerk Organizations: CNBC, Blackstone, American Airlines, Business Travel Association, TravelPerk Locations: Chicago, U.S, United States, Britain, Boston , Chicago, Los Angeles, Miami

☆ Jeffrey Gundlach likes this corner of fixed income as the Fed keeps rates high. It's yielding 8%
▼ + stars: | 2024-06-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The timing of cuts from the Federal Reserve is looking uncertain, but fixed income investor Jeffrey Gundlach has a way to play the theme: BB-rated bank loans. Playing the bank loans space The actual bank loans themselves are made by lending institutions to companies. Rather, large institutional investors snap them up and add them to their fixed income portfolios. The Fed's rate policy presents another wrinkle for bank loans: These loans have a floating coupon rate component. Accessibility through ETFs A fixed income sleeve should include exposure to high-quality bonds.

Persons: Jeffrey Gundlach, We've, Gundlach, FFRHX, Collin Martin Organizations: Federal, SEC, Schwab Center, Financial Research, Exchange, Blackstone Senior Loan Locations: BlackRock

☆ Hardware is Wall Street's new favorite bet
▼ + stars: | 2024-06-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the Apple-Google partnership that shows why hardware has become Wall Street's new favorite bet . The big storyHardware is hotGetty Images; Chelsea Jia Feng/BISoftware may still eat the world, but only with the help of some serious hardware. But generative AI has put a considerable spotlight on a less sexy part of tech: hardware. That's playing out in the stock market, where hardware tech stocks have outperformed software tech stocks by 30 percentage points this year , writes BI's Matthew Fox.

Persons: —, Chelsea Jia Feng, Marc Andreessen's, Hugh Langley, That's, BI's Matthew Fox, it's, Steve Schwarzman, Jon Gray, Brian Ach, Tyler Le, Andy Sieg, Merrill Wealth, Dan Sundheim, Chris Tuite, Trump, Elon Musk, hasn't, Jimmy Simpson, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Elon, Apple, Business, Apple Intelligence, OpenAI, Google, Microsoft, Amazon, Oracle, Street, Nvidia, Broadcom, Blackstone, Merrill, D1 Capital, YouTube, Netflix, BI, Cannes Lions, advertising's Locations: That's, New York, London

☆ Tony Awards 2024: See the full list of winners (Updating live)
▼ + stars: | 2024-06-16 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +8 min

CNN —The 2024 Tony Awards are underway at the David H. Koch Theater at Lincoln Center for the Performing Arts in New York City. Heading into the ceremony, Alicia Keys’ ambitious musical “Hell’s Kitchen” and “Stereophonic,” a play set in the ’70s about fictional band, led with 13 nominations each. Cast members from productions including “Cabaret at the Kit Kat Club,” “The Who’s Tommy,” “Water for Elephants” and the Hillary Clinton-produced “Suffs,” among others, are slated to perform. The Tony Awards are airing on CBS at 8 p.m. EDT/5 p.m. PDT and will stream on Paramount+ in the US. Here is a look at the full list of nominees, with winners indicated in bold, including those that were announced prior to the telecast.

Persons: Tony, David H, Oscar, Ariana DeBose, Billy Porter, Isabelle Stevenson Tony, Alicia Keys, ”, Kat, Tommy, Hillary Clinton, “ Mary Jane ”, “, Tommy ”, William Jackson Harper, “ Uncle Vanya ” Leslie Odom, Jr, Liev Schreiber, Jeremy Strong, Michael Stuhlbarg, Betsy Aidem, Republic ” Jessica Lange, ” Rachel McAdams, “ Mary Jane ” Sarah Paulson, Amy Ryan, Brody Grant, Jonathan Groff, Dorian Harewood, Brian d’Arcy James, Eddie Redmayne, Eden Espinosa, Maleah Joi Moon, Kelli O’Hara, ” Maryann Plunkett, ” Gayle Rankin, Will Brill, Eli Gelb, Jim Parsons, Tom Pecinka, Corey Stoll, Quincy Tyler Bernstine, Juliana Canfield, Celia Keenan, Bolger, Sarah Pidgeon, Kara Young, Roger Bart, Joshua Boone, Brandon Victor Dixon, Lynch, Daniel Radcliffe, Steven Skybell, Bean, Amber Iman, “ Lempicka, Nikki M, James, “ Suffs ” Leslie Rodriguez Kritzer, “ Monty Python’s, Kecia Lewis, ” Lindsay Mendez, Bebe Neuwirth, ” Kristoffer Diaz, ” Adam Rapp, Justin Levine “ Suffs, ” Shaina Taub, ” Rick Elice, Adam Guettel, David Byrne, Fatboy Slim, David Byrne “, Jonathan Clay, Zach Chance, Justin Levine, Will Butler “ Suffs, Shaina Taub, Derek McLane, ” David Zinn, Tatiana Kahvegian, Robert Brill, Peter Nigrini, Takeshi Kata, David Korins, Riccardo Hernández, Lempicka, Tim Hatley, Finn Ross, Tom Scutt, Dede Ayite, Enver Chakartash, Emilio Sosa, Linda Cho, David Israel Reynoso, Paul Tazewell, “ Suffs, Isabella Byrd, Amith, Republic ” Jiyoun Chang, Jane Cox, Natasha Katz, Brandon Stirling Baker, “ Illinoise, ” Natasha Katz, ” Bradley King, David Bengali, Brian MacDevitt, Hana S, Kim, Justin Ellington, Stefania Bulbarella, Leah Gelpe, “ Mary Jane ” Tom Gibbons, ” Bray, Will Pickens, Ryan Rumery, Cody Spencer, Kai Harada, Nick Lidster, Gareth Owen, Daniel Aukin, Anne Kauffman, “ Mary Jane ” Kenny Leon, Lila Neugebauer, Whitney White, Maria Friedman, Michael Greif, ” Leigh Silverman, Jessica Stone, Annie, Parson, Camille A . Brown, Rick Kuperman, Jeff Kuperman, Justin Peck, Jesse Robb, Shana Carroll, Timo Andres, ” Will Butler, Justin Craig, Matt Hinkley, Tom Kitt, Adam Blackstone, Jonathan Tunick Organizations: CNN, Koch, Lincoln Center, Performing Arts, CBS, Paramount, “ Patriots, Lakota, Jamestown, ” Bray Poor Locations: New York City, Hinton, Republic, “

☆ Jared Kushner's post-White House deal-making included badly timed bet on Amazon aggregator
▼ + stars: | 2024-06-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +16 min

Kushner started Affinity in 2021, shortly after leaving his advisory role in the White House alongside his wife, Ivanka Trump. Neumann, who was ultimately ousted from WeWork by top SoftBank execs, introduced Kushner to Unybrands early the following year. Affinity's investment in Unybrands, which hasn't previously been reported, was one of the private equity firm's earliest deals. Following a continued slide, the company laid off roughly 10% of its staff in November 2022, according to people familiar with the matter. The House Oversight Committee launched an investigation into the investment in 2022, looking into whether Kushner's financial interests influenced Trump's foreign policy.

Persons: Jared Kushner, Alex Brandon, Kushner, Weeks, Ivanka Trump, Trump, Saudi Crown Prince Mohammed bin Salman, Jamal Khashoggi, WeWork, Adam Neumann, Neumann, Unybrands, hasn't, —, Catterton, Jason Somerville, Somerville, it's, didn't, headcount, Donald Trump, Gary Cohn, Crown Prince, Mohammed bin Salman, Jonathan Ernst, Crown Prince Mohammed bin Salman, Carolyn Maloney, Ron Wyden, Kushner didn't, Ulrich Kratz, Goldman Sachs, Kratz, Kushner's, Ian Brekke, Asad Naqvi, Bret Pearlman, Roger McNamee, Max Fink, Neumann's, Brekke, Naqvi, Pearlman, Fink, Shahar Azran, Eugen Miropolski, Robyn Laguette, Mark Goldfinger, Joe Biden, Lex, Jeff Bezos, Sam Altman, Ye, I've Organizations: U.S . Capitol, Capitol, Reuters, Affinity Partners, Companies, White House, Affinity, Saudi Crown, Unybrands, WeWork, CNBC, Amazon, BlackRock, Khosla Ventures, GW Partners, Saudi Arabia's Public Investment Fund, United Arab, Saudi Arabia's, Crown, Ritz Carlton Hotel, Saudi, Republicans, Crayhill Capital Management, Barclays, Goldman, Kushner, Investments II, Blackstone, Partners, Financial Services, CNBC it's, Israeli American Council, IAC, Getty, Kanye Locations: Washington, Amazon's, South Florida, Miami, Silicon Valley, Saudi, Saudi Arabia, Unybrands, United Arab Emirates, Qatar, Riyadh, Yemen, American, Austin , Texas, Gulf, Israel

☆ Elon Musk's payday drama comes to a head today
▼ + stars: | 2024-06-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

It's always sunny at Business Insider when "Welcome to Wrexham" star Rob McElhenney is around. In today's big story, we're looking at the drama between Tesla shareholders over Elon Musk's bumper pay package that gets decided on today . As funny as that sounds, the battle over Elon Musk's pay package is no joke. One longtime Tesla investor said the EV maker is " kind of the bottom of the pecking pole of Elon's companies ." Vote here on if you're for or against Musk's pay package .

Persons: —, Rob McElhenney, Elon, Apu Gomes, Chelsea Jia Feng, Insider's Grace Kay, they're, he's, Brooks Kraft, Musk, it's, Gwynne Shotwell, Somodevilla, Blackstone, Dan Ives, Araya Doheny, Patrick Fallon, Jenny Chang, Rodriguez, Henrik, Fisker, VCs, that's, whittle, Mark Zuckerberg, de Haro, Gen Zers, Mike Verdu, Slack, Brad Smith, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Elon, Getty, Retail, Brooks Kraft LLC, Nvidia, Tesla, Wall, SpaceX, Federal Reserve, Big Apple, Apple, Microsoft, BI, Adobe Locations: Wrexham, Delaware, Tesla, Manhattan, New York, London

☆ Blackstone in deal to expand its Manhattan headquarters by 30% in the latest sign of growth
▼ + stars: | 2024-06-12 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +1 min

Blackstone is in a deal to grow its Manhattan HQ by 30% as its head count balloons. Last year, the private-equity giant reached $1 trillion in assets under management. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAlmost a year since hitting $1 trillion in assets under management, Blackstone is gearing up for more growth. The expansion plans come amid rapid-fire growth for the private-equity giant, which has boosted its head count by about 50% in recent years.

Persons: Blackstone, — Organizations: Service, Business Locations: Manhattan

Former President Donald Trump will address some of the world's most powerful corporate leaders on Thursday, albeit with some notable absences. So here's what we know: Out of the 17 corporate spokespeople who replied to CNBC, four said their CEOs planned to attend: JPMorgan Chase CEO Jamie Dimon, Citigroup CEO Jane Fraser, Bank of America CEO Brian Moynihan and Edison International CEO Pedro Pizarro. BlackRock CEO Larry Fink and Microsoft CEO Satya Nadella, for instance, will reportedly be at the G7 summit in Italy. Representatives for Woods and Bastian did not reply to questions about why their chief executives won't be attending the meeting. Fox Corp. CEO Lachlan Murdoch, Best Buy CEO Corie Barry and Boeing CEO Dave Calhoun will also not be there, spokespeople told CNBC Thursday.

Persons: Donald Trump, Bank of America Brian Moynihan, Joe Biden's, Jeff Zients, —, Jamie Dimon, Jane Fraser ,, Brian Moynihan, Pedro Pizarro, Trump, Steve Schwarzman, Goldman Sachs, David Solomon, Sara Armbruster, Darren Woods, Ed Bastian, Morgan Stanley, Ted Pick, James Gorman, Lynn Good, Solomon, Larry Fink, Satya Nadella, Woods, Bastian, Fink, Nadella, Lachlan Murdoch, Corie Barry, Dave Calhoun, spokespeople Organizations: Bank of America, White, Business, CNBC, JPMorgan Chase, Citigroup, Jane Fraser , Bank of America, Edison International, Trump, Blackstone Group, ExxonMobil, Delta Air, Duke Energy, BlackRock, Microsoft, Fox Corp Locations: Washington , DC, Trump, Italy, Washington

☆ For Some Investors, Aging and Empty Office Buildings Aren’t a Bad Thing
▼ + stars: | 2024-06-12 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

A perfect storm of plunging property values for aging buildings, weak tenant demand coming out of the pandemic and high interest rates for new loans and refinancing has left the $2.4 trillion office building sector wobbling. For some real estate investors, that may be a good thing. In April, a little-known firm, Yellowstone Real Estate Investments, paid $185 million for 1740 Broadway, a storied office tower near Columbus Circle in Manhattan. And this week, two real estate firms snapped up a Midtown Manhattan tower for less than $50 million, according to Bloomberg. Even though these are relatively small buyers, their emergence is a sign of the pain building in the U.S. commercial real estate market.

Persons: Blackstone Organizations: Estate Investments, Bloomberg Locations: Manhattan, Yellowstone, Columbus, Midtown Manhattan, U.S

☆ ‘Horrifically painful’: Texas woman says her miscarriage shouldn’t have happened at home
▼ + stars: | 2024-06-10 | by ( Maya Blackstone | ) edition.cnn.com time to read: 1 min

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☆ Billionaire LinkedIn cofounder Reid Hoffman slams business leaders who support Trump: 'A reliable legal system is not a given'
▼ + stars: | 2024-06-10 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewThe billionaire cofounder of LinkedIn, Reid Hoffman, slammed business leaders who support former President Donald Trump, arguing that a 2024 win for the Republican would actually be bad for the economy. He argues that a "robust legal system" is critical for American business to prosper because it keeps things in check. "But a robust, reliable legal system is not a given," Hoffman wrote. Others, Hoffman argues, believe Joe Biden would be even more dangerous to American business than Trump would. There's a growing number of business leaders who publicly support Trump.

Persons: —, Reid Hoffman, Donald Trump, Hoffman, Donald Trump's, Trump, Stormy Daniels, Joe Biden, Bill Ackman, Nelson Peltz, Blackstone, Steve Schwarzman, Douglas Leone, Elon Musk, Biden Organizations: Service, LinkedIn, Republican, Business, Trump, Pershing, Capital Management

☆ Starbucks' Howard Schultz talks Steve Jobs screaming at him and wishing he'd trademarked the latte in a new podcast
▼ + stars: | 2024-06-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +10 min

Starbucks didn't sell its own coffee early on"When Starbucks opened in Pike Place Market in 1971, they were using Peet's Coffee. Howard Shultz is going to acquire Starbucks Coffee Company, and he's never going to hear from you again." Together the trio made the "huge decision" to sell Starbucks coffee in Costco, which sparked a "revolt inside the halls of Starbucks," Schultz said. Related storiesThe former Starbucks CEO faced similar blowback when he agreed to let United Airlines serve his company's coffee. "We're not a beverage company serving coffee, we are a coffee company serving people.

Persons: —, Howard Schultz, Schultz, Bill Gates, Steve Jobs, Costco's, Bernard Arnault, Lavazza, I've, Samuel Stroum, it's, Howard Shultz, he's, Brian Ach, latte, Jeff Brotman, Jim Sinegal, they've, Coke, Pepsi, Steve, Justin Sullivan, Blackstone, Alexandre, Louis Vuitton, Alexandre Arnault, Donato Sardella, Louis Organizations: Service, Starbucks, Business, Pepsi, Microsoft, Starbucks Coffee Company, Costco, United Airlines, Starbucks Facebook, Staff, Getty, Tiffany's, Louis Vuitton Locations: Coke, Pike, San Francisco, Seattle, Chicago, America, Costco, Atlanta, New York, Apple's, California, Mobile, Italy, Milan

Former President Donald Trump will attend a private meeting with one of the most powerful business lobbying groups in Washington as he tries to craft an alliance with major corporate leaders. Joshua Bolten, the CEO of the Business Roundtable, confirmed in an email to members on Wednesday that Trump will be at the group's plenary meeting in Washington on June 13. The business group instead asked White House chief of staff Jeff Zients to come, according to Bolten's email. The Business Roundtable did not return requests for comment. Other members include JPMorgan Chase CEO Jamie Dimon, Carlyle Group CEO Harvey Schwartz, AT&T CEO John Stankey and Chevron CEO Mike Wirth.

Persons: Donald Trump, Joshua Bolten, Joe Biden, White, Jeff Zients, Zients, Biden, Bolten, Trump, Steve Schwarzman, Jamie Dimon, Harvey Schwartz, John Stankey, Mike Wirth, Chuck Robbins, Susie Wiles, Trump's, Paul Singer Organizations: Republican, Trump, Business, Blackstone, JPMorgan Chase, Carlyle Group, Chevron, Cisco Locations: New York City, Washington, New York, Charlottesville , Virginia, Florida

☆ Private equity investment in NFL teams is coming, Washington Commanders owner Josh Harris says
▼ + stars: | 2024-06-05 | by ( Ian Thomas | ) www.cnbc.com time to read: +6 min

"I think it may be leading to some rethink into the consideration of letting private equity, as an example, or institutional investors into the NFL." While U.S. pro sports leagues had prohibited private equity investors previously, they've largely softened their stances in recent years, aside from letting any firm be a controlling owner of a team. "We've got a lot of interest in the private equity space," NFL Commissioner Roger Goodell said at the league's spring meeting in May. "We are making real progress on potential private equity. Ross Sorkin asked Harris if allowing private equity investors into sports would have any negative impacts on the teams or the league's overarching strategy as those investors look toward an exit.

Persons: Harris, Andrew Ross Sorkin, Magic Johnson, Eric Schmidt, David Blitzer, Jeff Bezos, Dan Snyder, Apollo Global Management —, Josh Harris, David Tepper, Rob Walton, Mat Ishbia, Joe Tsai, Steve Cohen, We've, Roger Goodell, Goodell, Ross Sorkin, Stanley Kroenke, I've, Kroenke Organizations: NFL, CNBC, Summit, Washington , D.C, Blackstone Group, 76ers, Devils, Amazon, NBA's Philadelphia 76ers, New Jersey Devils, Premier, Apollo Global Management, Washington Commanders, Carolina Panthers, Walmart, Denver Broncos, United Wholesale Mortgage, Phoenix Suns, Brooklyn Nets, New York Mets, MLB, Guggenheim Baseball Management, Los Angeles Dodgers, U.S, PE, NBA, Los Angeles Rams Locations: Washington ,

☆ A Sequoia partner announced he's backing Donald Trump following his felony conviction, highlighting a political shift in Silicon Valley
▼ + stars: | 2024-05-31 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. While Silicon Valley has long been a liberal hub, Trump has been courting the big-pocketed tech executives and venture capitalists there. Others, like venture capitalist Marc Andreeson and Rabois, have not announced their support for Trump but have criticized Biden. The members of the monied West Coast class throwing their support behind Trump are mirroring some Wall Street counterparts. AdvertisementOf course, the growing number of influential Silicon Valley voices supporting Trump — Sacks and Palihapitiya have their popular podcast, Musk has his an entire social media platform — are not representative of many of the area's wealthy inhabitants.

Persons: —, Shaun Maguire, Donald Trump —, Maguire, Hilary Clinton, David Sacks, Elon Musk, Keith Rabois, Trump, Chamath, Sacks, week's Trump, Biden, Musk, Marc Andreeson, Steve Schwarzman, he'd, Bill Ackman, Trump — Sacks, Palihapitiya, Marissa Mayer, Vinod Khosla Organizations: Service, Trump, Business, Silicon Valley, Big Tech, Blackstone, Biden Locations: Sequoia

☆ Bill Ackman likely to back Donald Trump for president after supporting RFK Jr., Nikki Haley
▼ + stars: | 2024-05-30 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Hedge fund executive and billionaire Bill Ackman has signaled to associates that he is likely to support Donald Trump for president over Joe Biden, according to a source familiar with the matter. Ackman previously financed Robert F. Kennedy Jr.'s campaign for president and Republican Nikki Haley's failed bid for the White House. If Ackman endorses Trump, he will join a growing crowd of Wall Street executives backing Trump over Biden. Blackstone CEO Steve Schwarzman recently said in a statement that he would support Trump. When asked at the time whether he would vote for Trump over Biden, Ackman said, "I'll make that decision when I have the choice."

Persons: Bill Ackman, David Rubenstein, Donald Trump, Joe Biden, Robert F, Kennedy Jr, Nikki Haley's, Ackman, Trump, Blackstone, Steve Schwarzman, Biden, Dean Phillips, Phillips Organizations: Pershing, Capital Management, White, Forbes, Financial Times, Wall Street, Biden, Trump, Republican, CNBC, Democratic, Commission Locations: New York

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