DIRS.INFO The most relevant business & tech news

☆ Ready or not, the youngest boomers are retiring
▼ + stars: | 2024-04-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe majority of so-called "peak boomers" have $250,000 or less in assets , according to a recent report, write Juliana Kaplan and Ayelet Sheffey. If you're a bit surprised by the dire economic situation of peak boomers, I wouldn't blame you. Older boomers had the benefit of employer-subsidized retirement plans before a shift in the workforce left younger boomers to fend for themselves. Alistair Berg/Getty ImagesPeak boomers' retirement struggles might end up being a wake-up call for younger generations. There will be plenty of lessons learned from peak boomers entering retirement without the safety net of a pension.

Persons: —, blowup Jacob Wackerhausen, Jenny Chang, Rodriguez, Juliana Kaplan, Ayelet Sheffey, that's, we've, boomers, Alistair Berg, Xers, Gen Zers, Bryan Erickson, Jane Street, Chowdhury, Elon Musk, they'd, Tesla, Tony Stubblebine, Nick Little, Dani Widell, BI's Emily Stewart, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Social Security, Security, Google, Wall Street, JPMorgan, Detroit Police Department, Tesla, BI, Verizon Locations: Covid, China, Europe, Airbnb ., America, New York, London, Chicago

☆ Beware of these stocks at risk of a major earnings 'blowup'
▼ + stars: | 2024-04-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

First-quarter earnings season is just getting started, but investors may want to keep a close eye on a group of stocks at risk of a profit "blowup," according to Wolfe Research. The basket includes stocks that show up most often in the firm's short screens and filters companies based on earnings quality with 0 the worst and 100 the best. Tesla scores a 2 on Wolfe Research's earnings quality scale, showing up six times on the firm's short screens. Wolfe Research named Pinterest as another short idea, saying it was on four of the firm's short screens. Both stocks appear on four of the firm's short screens and have earnings quality scores in the 20s.

Persons: Morgan Stanley, Wolfe, Tesla, J.M Smucker Organizations: Wolfe Research, Bank of America, Elon, Rivian Automotive, Walgreens Boots Alliance, Juniper Networks, L3Harris Technologies Locations: China, Irvine , California

☆ Wall Street sees a better backdrop for IPOs. Great news for these 2 portfolio stocks
▼ + stars: | 2024-02-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Wall Street is forecasting a better backdrop for companies that want to go public. While lower rates can stoke the IPO market, fewer rate cuts because the economy remains strong with cooling inflation should still be viewed as favorable. The IPO market and mergers and acquisitions (M & A) activity started to sour when the Fed began hiking interest rates back in March 2022. A strong IPO market overall is expected to also benefit burgeoning biotechnology firms, which would mean more business for Danaher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: That's, Goldman Sachs, Goldman, Morgan Stanley, Danaher, Morgan, Morgan Stanley didn't, Ted Pick's, Jim Cramer, Morgan Stanley's, Raymond James, —, Jim Cramer's, Jim, Brendan Mcdermid Organizations: Federal, stoke, UST, Goldman, Fed, Companies, IB, Danaher, Biotech, Silicon Valley Bank, CNBC, Traders, New York Stock Exchange Locations: U.S, Silicon

☆ Jonathan Majors' ex-girlfriend and domestic assault accuser broke down at his trial as she described how he'd rage against her
▼ + stars: | 2023-12-05 | by ( Natalie Musumeci | Janon Fisher | ) www.businessinsider.com time to read: +4 min

Jonathan Majors' ex-girlfriend and domestic assault accuser took the witness stand in his trial Tuesday. But then things took a turn for the worse, Jabbari told the jury. She told the jury that a passing reference to her ex-boyfriend's dog at the time sent Majors into a rage. Through tears, Jabbari said Majors told her, "I shouldn't be there, and how dare I go. Jabbari told the jury that Majors hurled household objects in a bedroom amid the blowup.

Persons: Jonathan Majors, Grace Jabbari, Jabbari, —, Majors, Kelli Galloway Organizations: Service, Marvel, Majors, Glastonbury Festival, Manhattan Locations: Manhattan, Los Angeles

☆ Sam Altman's biggest lesson for founders: control freaks win
▼ + stars: | 2023-12-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

A takeaway for other founders: control matters. A founder's narrative control can wane too if board members disagree with a founder's vision. AdvertisementAltman did not, in practice, start with much control at OpenAI, despite being its CEO and, prior to the blowup, a board member. "A lot of VCs still act as if founders retaining board control after a series A is unheard-of. OpenAI's version of founder control doesn't necessarily look like others: its CEO apparently doesn't hold the majority of stock.

Persons: Sam Altman, Paul Graham, —, Altman, Altman's, Helen Toner, Toner, Y, Graham's, Graham, aren't, Mark Zuckerberg, Bret Taylor, Larry Summers Organizations: Service, Microsoft Locations: OpenAI

☆ A year after ChatGPT’s release, the AI revolution is just beginning
▼ + stars: | 2023-11-30 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +11 min

Seemingly overnight, the user-friendly generative AI technology enraptured the globe. It also promised to revolutionize the future of white-collar work — so long as it didn’t cause an AI apocalypse in the process. ‘The world woke up to the AI revolution’And one year since ChatGPT’s public release, the fervor around AI is still at a fever pitch. And AI’s long-prophesied impacts to the labor market is also beginning to emerge, both inside and outside the tech industry. “Many, many, many jobs that are currently done by humans, AI will be able to do,” said Clune, the AI researcher at the University of British Columbia.

Persons: New York CNN —, Sam Altman, ChatGPT, ” Jeff Clune, hasn’t, ” Clune, ”, OpenAI’s, Jakub Porzycki, Suresh Venkatasubramanian, ” Venkatasubramanian, “ It’s, it’s, Venkatasubramanian, Clune, we’re, ChatGPT’s, OpenAI, David Paul Morris, “, CNN’s Kara Swisher, Altman, —, ” Altman Organizations: New, New York CNN, Big Tech, Tech, University of British, CNN, ChatGPT’s, Brown University, Economic Cooperation, Bloomberg, Getty, Microsoft — Locations: New York, University of British Columbia, Krakow, Poland, OpenAI, Asia, San Francisco , California

☆ Investors Lose Legal Bid Against Exchange Over Nickel Market Blowup
▼ + stars: | 2023-11-29 | by ( Yusuf Khan | Joe Wallace | ) www.wsj.com time to read: 1 min

Traders work on the floor of the London Metal Exchange in London. Photo: simon dawson/ReutersLONDON—The London Metal Exchange chalked up a big victory over investors on Wednesday, when a court said it was within its rights to cancel trades during a high-profile blowup in the nickel market sparked by Russia’s full-scale invasion of Ukraine. The U.K. court rejected claims by activist fund Elliott Investment Management and market maker Jane Street Global Trading that the exchange had overstepped its powers by nixing $12 billion in trades in March last year. Had they won, Elliott and Jane Street planned to claim hundreds of millions of dollars in damages combined in a follow-on trial.

Persons: simon dawson, Russia’s, nixing, Elliott, Jane Street Organizations: London Metal Exchange, Reuters, Elliott Investment Management, Jane, Global Locations: London, Ukraine

☆ How a Fervent Belief Split Silicon Valley—and Fueled the Blowup at OpenAI
▼ + stars: | 2023-11-22 | by ( Robert Mcmillan | Deepa Seetharaman | ) www.wsj.com time to read: 1 min

Over the past few years, the social movement known as effective altruism has divided employees and executives at artificial-intelligence companies across Silicon Valley, pitting believers against nonbelievers. The blowup at OpenAI showed its influence—and the triumphant return of chief executive Sam Altman revealed hard limits, capping a bruising year for the divisive philosophy.

Persons: nonbelievers, Sam Altman Locations: Silicon Valley, OpenAI

☆ Solana surges amid altcoin rally, nearly triples its price over the past month
▼ + stars: | 2023-11-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The price of the Solana token jumped Wednesday amid an ongoing rally in altcoins and bullish remarks on the token from famed tech investor Cathie Wood. It has nearly tripled in price in the past month. "Ether was faster and cheaper than bitcoin [back] in the day – that's how we got ether. Activity on Solana has been growing all year, particularly in liquid staking protocols like Jito, according to data provider Kaiko. Solana is up about 510% this year and has been one of the best performing cryptocurrencies of 2023.

Persons: Cathie Wood, Solana, CNBC's, Wood, altcoins, outpacing, Polygon's, XRP, bitcoin, Mikołaj Zakrzowski, blowup, Sam Bankman, Fried Organizations: Ark, CNBC, CNBC PRO, Solana Locations: altcoins, Solana

☆ Furious fraud trial judge accuses T lawyer of misogyny, threatens wider gag order, after law-clerk snipe
▼ + stars: | 2023-11-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

A defense lawyer's late afternoon snipe about a law clerk sparked drama at the Trump fraud trial. The blowup came when Trump lawyer Christopher Kise snarked "ask your law clerk first," to the judge. AdvertisementAdvertisementHearing her referenced with derision yet again, the typically affable judge hit the figurative roof, as Eric Trump watched, blank-faced, from the witness stand. "If you keep referring to my principal law clerk, I will consider expanding the gag order to include you and your attorneys." "I have an absolute right, an absolute unfettered right, to get advice from my principal law clerk," as with anyone on his three-member staff, he said.

Persons: Trump, Christopher Kise snarked, —, Christopher Kise, Eric Trump, Kise, Arthur Engoron, Engoron, Donald Trump, Allison Greenfield, Amer, Andrew Amer, Greenfield, he'd, I'm, Alina Habba, Letitia James, that's, who's, Chuck Schumer, he's, James – Organizations: Service, New, Trump, Trump Organization Locations: Manhattan, Greenfield

☆ Furious fraud trial judge accuses Trump lawyer of misogyny, threatens wider gag order, after law-clerk snipe
▼ + stars: | 2023-11-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

A defense lawyer's late afternoon snipe about a law clerk sparked drama at the Trump fraud trial. The blowup came when Trump lawyer Christopher Kise snarked "ask your law clerk first," to the judge. The temper-flaring, accusations, and judicial threats were sparked in the Manhattan courtroom by a wise-crack comment from Trump lawyer Christopher Kise, who was raising a routine objection during late-afternoon testimony by Eric Trump. AdvertisementAdvertisementHearing her referenced with derision yet again, the typically affable judge hit the figurative roof, as Eric Trump watched, blank-faced, from the witness stand. "If you keep referring to my principal law clerk, I will consider expanding the gag order to include you and your attorneys."

Persons: Trump, Christopher Kise snarked, —, Christopher Kise, Eric Trump, Kise, Arthur Engoron, Engoron, Donald Trump, Allison Greenfield, Amer, Andrew Amer, Greenfield, he'd, Alina Habba, Letitia James, that's, who's, Chuck Schumer, he's, James — Organizations: Service, New, Trump, Trump Organization Locations: Manhattan, Greenfield

☆ Lost your cool with your kid? Here’s what to do next
▼ + stars: | 2023-10-25 | by ( Jessica Dulong | ) edition.cnn.com time to read: +10 min

CNN —Ever lost your cool with your kid? When I yell at my kid, or say words I wish I hadn’t, they likely feel scared, overwhelmed and alone. Kennedy: I’ve had people say to me things like, “I feel like I basically yelled at my kid for 11 straight years. Here’s an example I hear all the time: “I ask my kid a million times, calmly, to put on their shoes. Can one parent repair on behalf of the other?

Persons: CNN —, Dr, Becky Kennedy, it’s, Kennedy, ” Kennedy, you’re, I’ve, Maya Angelou, they’ll, they’re, I’d, ”, they’ve, They’re, “, I’m, “ Becky, Jessica DuLong Organizations: CNN, TED, Inc, ” CNN Locations: Brooklyn , New York

☆ Trump trial tantrum: "Be more respectful!" an AG lawyer shouted, to which a Trump lawyer sniped, "No."
▼ + stars: | 2023-10-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Tempers flared Thursday during a heated sidebar discussion at Trump's fraud trial in New York. AdvertisementAdvertisementAttorney tempers flared Thursday at the Trump civil fraud trial in New York, where a quiet sidebar discussion erupted into cross-accusations of rudeness and disrespectfulness. a lawyer for state Attorney General Letitia James could be heard telling Donald Trump's lead lawyer, Christopher Kise. In the letter, the state accused the Trump Organization of failing to turn over emails concerning Trump's triplex apartment. Kise, the former president's lawyer, kicked off the sidebar by protesting that such a search would potentially derail the trial, the sources said.

Persons: —, Letitia James, Donald Trump's, Christopher Kise, Colleen Faherty, Arthur Engoron, Kise, Allison Greenfield, Michael Cohen, Faherty Organizations: Service, Trump, Manhattan, New, Trump Organization, AG Locations: New York

☆ Trump trial tantrum: "No!" a Trump lawyer sniped after an AG lawyer demanded, "Be more respectful!"
▼ + stars: | 2023-10-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Tempers flared Thursday during a heated sidebar discussion at Trump's fraud trial in New York. AdvertisementAdvertisementAttorney tempers flared Thursday at the Trump civil fraud trial in New York, where a quiet sidebar discussion erupted into cross-accusations of rudeness and disrespectfulness. a lawyer for state Attorney General Letitia James could be heard telling Donald Trump's lead lawyer, Christopher Kise. Kise, the former president's lawyer, kicked off the sidebar by protesting that such a search would potentially derail the trial, the sources said. On Wednesday, lawyers for both sides raised their voices during a heated dispute over a former Trump property appraiser's testimony.

Persons: —, Letitia James, Donald Trump's, Christopher Kise, Colleen Faherty, Arthur Engoron, Kise, Allison Greenfield, Michael Cohen, Faherty, Trump Organizations: Service, Trump, Manhattan, New, Trump Organization, AG Locations: New York

☆ Trump fraud-trial fireworks: 'You lied yesterday!' defense lawyer shouts while grilling an AG witness
▼ + stars: | 2023-10-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

A Trump attorney shouted, "You lied yesterday," while cross-examining a key state's witness. a lawyer for Trump's side shouted at the witness, prompting five minutes of sometimes shouted cross-accusations of perjury, witness intimidation, and showboating for the press. "Let's calm down," the judge told both sides after asking that the witness — Doug Larson, a former outside Trump Organization appraiser — be escorted out. A lawyer for Attorney General Letitia James of New York objected, without naming Trump, to the "exhortations" coming from the defense table. Soon enough — this time with the testimony highlighted on an overhead screen — the emails-waving Trump lawyer was back shouting, "You lied yesterday, Mr.

Persons: Trump's, Trump, —, Donald Trump's, Doug Larson, hadn't, who's, audibly, Letitia James of, Arthur Engoron, Lazaro Fields, Larson, Fields, Jeffrey McConney, McConney, Christopher Kise, Kise, Colleen K, Faherty, Kevin Wallace, Wallace, they're, I'm, perjured, Let's Organizations: Service, Trump Organization, Trump, New, Wakefield, St Locations: York, Trump, Manhattan

☆ Morning Bid: Oil soothes but jobs dictate
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +5 min

U.S. crude oil has recoiled almost 9% this week and prices have lost almost 14% peak-to-trough since last Thursday's high above $95 per barrel. The year-on-year oil price is now falling again and tracking losses of 5%. Copper prices fell to their lowest of the year on Thursday and core commodity indexes are back at August levels. All of which sees U.S. bond yields retain an uneasy calm into the jobs numbers. Implied rates from Fed futures markets pulled back the chances of another hike in the cycle to less than 50%.

Persons: Andrew Kelly, Mike Dolan, Mary Daly, Kevin McCarthy, Donald Trump, Jim Jordan, Janet Yellen's, Christopher Waller, Toby Chopra Organizations: REUTERS, ADP, San Francisco Fed, Treasury, St, International Monetary Fund, World Bank, Tesla, Exxon Mobil, Natural Resources, Federal Reserve, Challenger, Thomson, Reuters Locations: Manhattan , New York City, U.S, Morocco, Canada

☆ Morning Bid: Bond steamroller flattens all
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +5 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. That's all on top of the ongoing rethink of the Fed's long-term rate horizon and increasingly high-pressure economy. Hit from all sides, the Treasury market is simply in ructions - catalysed perhaps by technical, speculative and positioning factors too. Ten-year yields hit a whopping 4.88% early on Wednesday - an increase of 80 basis points in little over a month. And implied volatility in the bond market (.MOVE) hit its highest since May.

Persons: Florence Lo, Mike Dolan, Kevin McCarthy, Michelle Bowman, Austan Goolsbee, Jeffrey Schmid, St, Louis Fed, Kathleen O'Neill Paese, Mehmet Simsek, Bernadette Baum Organizations: U.S, REUTERS, Congress, riven, Federal Reserve, Bank of, Treasury, Nasdaq, Reserve Bank of New, P Global, U.S . Federal Reserve, Chicago Fed, Kansas City Fed, Turkish, Thomson, Reuters Locations: U.S, Washington, Asia, Europe, Reserve Bank of New Zealand, Kansas, London

☆ Ex-UK PM Liz Truss renews calls for Reagan-style tax cuts one year after mini-budget blowup
▼ + stars: | 2023-10-03 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Britain's former Prime Minister, Liz Truss speaks at the 'Great British Growth Rally' event on day two of the annual Conservative Party conference on October 2., 2023 in Manchester, England. Carl Court | Getty Images News | Getty ImagesMANCHESTER, ENGLAND — Liz Truss, the Reaganomics enthusiast who lasted just 44 days as U.K. prime minister, staged somewhat of a comeback Monday, drawing fans from breakaway Conservative Party factions as she renewed calls for business tax cuts. A year after Truss' chaotic mini-budget of tax cuts roiled financial markets and led to her ultimate resignation, crowds gathered in their droves on the fringes of the Conservative Party Conference in Manchester to hear the ex-leader deliver her economic vision for Britain. Truss was voted into power last year by Conservative Party members, whose number is estimated around 160,000 — or 0.3% of the U.K. population. She beat out Rishi Sunak, who later replaced her as prime minister following her resignation in October 2022.

Persons: Liz Truss, Carl Court, Jeremy Hunt —, Ronald Reagan's, Donald Trump, Truss, Rishi Sunak Organizations: Conservative Party, Getty, Getty Images, Conservative Party Conference, Britain, Finance, AstraZeneca Locations: Manchester, England, Getty Images MANCHESTER, ENGLAND

Evan Luthra, an app developer, entrepreneur and angel investor, told CNBC he lost $2 million dollars in the collapse of FTX. Jake Thacker, an FTX customer in Portland, Oregon, told CNBC he lost hundreds of thousands of dollars shortly after losing his job in the tech industry. "I was like, oh my goodness, there's all these big name people utilizing FTX," Kannegundla said. Bhagamshi Kannegundla, an FTX customer, told CNBC he sold his bankruptcy claim to reinvest in crypto. Years later, if the FTX bankruptcy process recovers more than the 11 cents on the dollar for his claim, the buyer pockets the difference.

Persons: FTX's, hasn't, Evan Luthra, Luthra, FTX, Bitcoin, everybody's, Sam Bankman, He's, Fatih Aktas, Jake Thacker, Thacker, I'm, CNBC Thacker, Bhagamshi Kannegundla, Larry David, Kannegundla, Bhagamshi, Sunil Kavuri, Kavuri, Brett Harrison, Harrison, he's, Anthony Scaramucci, didn't Organizations: CNBC, Manhattan Federal, Anadolu Agency, Getty, Sequoia, Nurphoto, FTX's, FTX, Financial Technologies, Skybridge Locations: Miami, Manhattan, New York, United States, Portland , Oregon, FTX's, Bahamas, U.S, cryptocurrencies

But the essence of the argument is that lower bond volatility ups the amount of cash liquidity flowing around world markets, and vice versa. But it is the incremental movement in this giant pool that arguably matters most for stock markets and asset prices. Even though global liquidity is shrinking as you might expect in the face of rising Western interest rates, central bank balance sheet reduction and a higher dollar, other offsets are significant. But falling bond volatility has likely played a big part in softening the blow too. "The two together have helped overall liquidity conditions - but we are mindful that bond markets are likely to remain volatile and need to be monitored carefully."

Persons: CrossBorder, Mike Dolan, Matthew Lewis Organizations: Federal Reserve, coy, Treasury, Fed, Bank, People's Bank of, New York Fed, Reuters Graphics, Reuters, Thomson Locations: Treasuries, punchbowl, People's Bank of China, United States

☆ What are boundaries, exactly? And how do you set and enforce them?
▼ + stars: | 2023-09-12 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +9 min

That can mean setting boundaries with your partner about your needs when it comes to personal space, or preserving your relationship with a parent you are close with by setting boundaries on what you expect around your children. Parts of your life you avoid might point to places that need boundaries, Orange said. Tom Grill/Tetra images RF/Getty ImagesIdentifying your boundariesBefore you can set a boundary, you need to know what your boundaries are. She also likes to have her clients look at what they are avoiding, because that may often point to a place where boundaries need to be set. You are setting boundaries to protect your needs, not to control someone else’s behavior, she said.

Persons: ”, Deborah Ashway, Nedra Glover Tawwab, Chloe Carmichael, “ It’s, It’s, Orange, “, ‘, Tom Grill, Tawwab, Let’s, ” Tawwab, we’re, Carmichael, Ashway, ’, don’t, ’ ” Tawwab Organizations: CNN, Getty Locations: New Bern , North Carolina, Utah, Charlotte , North Carolina, New York, Orange

☆ A top Brevan Howard exec responsible for luring investment talent is leaving the $35 billion macro fund
▼ + stars: | 2023-09-06 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

A top exec at Brevan Howard is departing the $35 billion macro fund. The senior exec in charge of luring top investment talent to $35 billion Brevan Howard is leaving. He was also the global head of business development at Izzy Englander's Millennium Management for five years. The $35 billion hedge fund, founded by macro trading billionaire Alan Howard, has struggled with performance this year. Do you have more information about Brevan Howard or other hedge fund performance or talent moves?

Persons: Brevan Howard, Peter Hornick, Brevan, Howard, Izzy Englander's, Hornick, Alan Howard, Alex Morrell Organizations: Brevan, Management, Alpha, Credit Suisse Locations: ExodusPoint

☆ The Future of Rap Is Female
▼ + stars: | 2023-08-09 | by ( Niela Orr | Photographs Adrienne Raquel | ) www.nytimes.com time to read: +22 min

The Future of Rap Is Female As their male counterparts turn depressive and paranoid, it’s the women who are having all the fun. In the mid-’80s, the dynamics shifted slightly, when UTFO released “Roxanne, Roxanne,” a comical torch song dissing a woman who rejected the men’s advances. Like good sex, raunchy rap is only fun if all parties are completely enthusiastic, and this music provides necessary female perspectives to match what the men make. In Miami one weekend in late July, Rolling Loud, one of the biggest annual hip-hop festivals, made itself into a microcosm of the rap world. There’s a relentless gender pessimism in the air, too — on the street, on dating apps, in the Supreme Court and, of course, in rap music.

Persons: Sackler, Drake, Foley, Yung Miami, Wu, Da, Tupac Shakur, Nicki Minaj, Cardi, Megan Thee, there’s, ”, There’s Latto, Jung Kook, “, Diana ”, Boy’s, Red’s, Munch, Rodney Dangerfield, munch, ” MAIYA, “ We’re, Lil Baby, Flo Milli, —, ” Flo Milli, Ginger Rogers, Fred Astaire —, Debbie D, Lisa Lee, Mercedes Ladies, UTFO, Roxanne, Lolita Shanté Gooden, Gooden, ” FLO MILLI, Roxanne Shanté, Clover Hope, M.C, Brian Coleman, Lyte, Ruff Ryders, it’s, Missy Elliott, Lauryn Hill, Kash Doll, SKODI LOLA BROOKE, Lil ’ Kim, “ I’m, I’m, ” That’s, Lolita Gooden, Greta Gerwig’s “ Barbie ”, James Harden, P.J, Tucker, KENTHEMAN “, I’ve, Playboi Carti, Travis Scott, Grace Jones, Benzino, blowin, ignorin ’, Berry hairdo, Grandmaster Flash, It’s, ” —, ” Leray, VETTE, CHANEL, ” Flo, Cartier, “ Lyte, Flo Organizations: YouTube, Girls, City Girls, Public, Down Productions, Wu -, Digital, City, Memphis, Brooklyn Locations: Miami, Wu - Tang, “, Bronx, Mobile , Ala, y’all

☆ Byju’s blowup makes its investors look bad
▼ + stars: | 2023-08-07 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

REUTERS/Adnan Abidi/File Photo/File PhotoBENGALURU, Aug 7 (Reuters Breakingviews) - Byju’s says it provides learning programs to over 150 million students. The biggest lesson may be for the Indian education giant’s global investors including Prosus (PRX.AS) and Peak XV, formerly part of Sequoia, who watched founder power run amok in a country they have pinned high hopes on. But so long as the blowup at the hot startup once valued at $22 billion goes from bad to worse, its backers will struggle to create enough distance. For early supporter Peak XV Partners, the mess comes at a sensitive time, hot on the heels of announcing a separation from its U.S. parent. Representatives of the Amsterdam-listed investor and Peak XV Partners, formerly Sequoia’s India unit, both quit Byju’s board in June.

Persons: Adnan Abidi, Byju Raveendran, Davidson, Byju’s, Reuters Breakingviews, Prosus, Una Galani, Thomas Shum Organizations: REUTERS, Reuters, Bloomberg, XV Partners, HK, Thomson Locations: New Delhi, India, BENGALURU, Sequoia, U.S, Byju’s, Amsterdam, China, Delaware

☆ ‘Barbenheimer’ Blowup Is a Flash in the Pan for Hollywood
▼ + stars: | 2023-07-24 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/barbenheimer-blow-up-is-a-flash-in-the-pan-for-hollywood-4641dbb9

Persons: Dow Jones Organizations: hollywood

Search resuls for: "blowup"

25 mentions found