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☆ Alex Morgan: US soccer legend waves goodbye after playing final minutes of remarkable career
▼ + stars: | 2024-09-09 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —US soccer star Alex Morgan waved an emotional goodbye to her professional career on Sunday, playing her final minutes in the San Diego Wave’s 4-1 loss to the North Carolina Courage. An emotional Morgan then took off her cleats in the middle of the pitch, before walking off the field in tears. Morgan signing autographs after her final career match. Meg Oliphant/Getty ImagesShe then emerged back onto the field after the final whistle to address the thousands of fans who had stayed on. Meg Oliphant/Getty ImagesMorgan announced her retirement last week with an emotional four-plus minute video on social media.

Persons: Alex Morgan, San Diego Wave’s, –, Morgan, Meg Oliphant, ”, Charlie Organizations: CNN, San Diego, North Carolina Courage, Getty, United States Women’s National Locations: San, California

☆ Watch: Annual Surf-A-Thon sees dogs catch waves in San Diego
▼ + stars: | 2024-09-09 | by ( Adefela Olowoselu | ) edition.cnn.com time to read: 1 min

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☆ Oracle shares jump on earnings and revenue beat
▼ + stars: | 2024-09-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. Here is how the company did compared to LSEG consensus:Earnings per share: $1.39 adjusted vs. $1.32 expected$1.39 adjusted vs. $1.32 expected Revenue: $13.31 billion vs. $13.23 billion expectedOracle's revenue increased 8% from $12.45 billion a year ago, according to a statement. For the current quarter, Oracle expects revenue growth of 8 to 10%, CEO Safra Catz said on the earnings call. The company said its cloud services and license support business generated $10.52 billion in revenue. During the quarter, Oracle announced the opening of a second cloud region in Saudi Arabia and said its database software will be available through Google's public cloud.

Persons: Larry Ellison, Safra Catz, Catz, Oracle's, Ellison, Oracle Organizations: Oracle Corp, Oracle, Amazon Web Services Locations: San Francisco, Saudi Arabia

Disney and DirecTV are not likely to reach a deal in time for "Monday Night Football" according to people familiar with the matter. As a result of the fight, DirecTV customers were unable to see the U.S. Open and the first full weekend of the college football season. DirecTV alerted customers on Friday to competitor alternatives for watching ESPN and also said it would provide a $30 credit to customers. However, Charter and Disney reached a deal hours ahead of "Monday Night Football" that allowed customers to tune in that night. The dispute between DirecTV and Disney has led to mudslinging between the two companies reminiscent of most carriage fights.

Persons: Rob Thun, Venu —, Venu, Disney, It's, Jimmy Pitaro, Nielsen, Pitaro, Adam Schefter, DirecTV's Thun Organizations: ESPN, Jacksonville Jaguars, Cincinnati Bengals, EverBank, DirecTV, Disney, FX, ABC, U.S ., CNBC, Walt Disney Co, Fox Corp, Warner Bros, NFL, Federal Communications Commission, Charter Communications, New York Jets, San Francisco 49ers Locations: Jacksonville , Florida, American, U.S

☆ A millennial woman who made nearly $250k secretly working 2 jobs says it helped her enter a relationship for the 'right reasons' — not financial security
▼ + stars: | 2024-09-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

She focused on this gig early in the morning, in the evening, on the weekends, or during working hours on the days her full-time employer allowed her to work from home. While overemployment has increased Olivia's work-related stress, it's reduced her financial stress — something she said has helped her pursue a healthy romantic relationship. That's because the long working hours can take a toll, and remote job opportunities can be difficult to land. As long as she lives in her area of California, she's not sure she'll ever buy a home. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: —, Olivia, What's, Doxo, jugglers, she's, overemployment, Overemployment, it's Organizations: Service, Business, New York Times, BI Locations: California's Bay, San Francisco, San Jose, Bay, California

Italian phenom Jannik Sinner cast aside doping allegations and won his second Grand Slam title of the year, beating American Taylor Fritz 6-3, 6-4, 7-5 in the U.S. Open final Sunday in New York City. He won this year's Australian Open and reached the semifinals of the French Open and Wimbledon before he hoisted another trophy in Queens. Sinner's triumph denied Fritz, a San Diego-area native, his first major title and kept alive a two-decade-long streak of American men’s failing to win the biggest tennis tournament on U.S. soil. Fritz, 26, came close to Grand Slam titles with quarterfinal appearances at Wimbledon and the French Open this year and another round-of-eight visit to Wimbledon in 2022. Sunday's final culminated a U.S. Open rocked by the shocking second-round upset of Alcaraz and the surprising third-round loss by Djokovic, the defending champ.

Persons: Taylor Fritz, Sinner, Fritz, Sinner's, Andy Roddick, Spain’s Juan Carlos Ferrero, Switzerland’s Roger Federer, Spain’s Rafael Nadal, Serbia’s Novak Djokovic, Roddick, Argentina’s Juan Martin del Potro, Andy Murray, Croatia’s Marin Čilić, Stan Wawrinka, Austria’s Dominic Thiem, Russia’s Daniil Medvedev, Spain’s Carlos Alcaraz, Alcaraz, Djokovic Organizations: U.S, Tennis Integrity Agency, Wimbledon, Sunday's Locations: New York City, Queens, San Diego, U.S, Flushing

☆ Alzheimer's drug Leqembi promises to give patients more time, but they face a long road to treatment
▼ + stars: | 2024-09-08 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +15 min

In this article ESALY4523.T-JPBIIB Follow your favorite stocks CREATE FREE ACCOUNTHannah Yoon | The Washington Post | Getty ImagesLeqembi, an Alzheimer's drug from Biogen and Eisai , isn't a cure for the mind-damaging disease. The drug works in part by clearing toxic plaques in the brain called amyloid, a hallmark of Alzheimer's, according to its manufacturers. The Mayo Clinic's center, which began screening patients for Leqembi in October, has 50 to 60 patients currently taking the drug, according to Petersen. The Mayo Clinic's Alzheimer's center similarly stops dosing patients if ARIA appears on an MRI, according to Petersen. Meeks' neurologist, Dr. Wendell Helveston, said a follow-up MRI picked up one small area of bleeding in her brain that didn't cause any symptoms.

Persons: Hannah Yoon, Missie Meeks, Meeks, Leqembi, I'm, haven't, Julio Rojas, Patricia Waldrup, Biogen's, Alzheimer's, Brian B, Bettencourt, Tracey Collins, Collins, Alex Scott, Scott, Medicare enrollees, Neurologists, Ronald Petersen, Jay Reinstein, Michael Robinson Chávez, Petersen, Michael Irizarry, Eisai's, Eisai, Biogen, Eisai's Scott, It's, Rojas, Wendell Helveston, Bobby Pugh, Bessie Pugh, Karen Pulfer Focht Organizations: Washington Post, Getty, CNBC, University of California, San, San Francisco Health, Toronto Star, Medicare, Mayo Clinic Alzheimer's Disease Research, Georgetown University Hospital, Washington , D.C, Mayo, Leqembi, Mayo Clinic, Reuters, ARIA, Hattiesburg Clinic, Ave Locations: Biogen, Ellisville , Mississippi, U.S, San Francisco, Portland , Maine, Boston, South Mississippi, Washington ,, Mayo, Portland, South Portland, Mississippi, Eisai, Bartlett , Tennessee

☆ DirecTV files FCC complaint against Disney amid blackout
▼ + stars: | 2024-09-08 | by ( Robert Ilich | ) edition.cnn.com time to read: +2 min

CNN —DirecTV filed a complaint Saturday with the Federal Communications Commission alleging Disney did not negotiate in good faith as the two sides remain at an impasse on a distribution deal. ESPN owns the broadcast rights to “Monday Night Football,” which will be blacked out for DirecTV subscribers unless a deal is reached. “We continue to negotiate with DirecTV to restore access to our content as quickly as possible,” a Disney spokesperson told CNN on Sunday. The opening game for “Monday Night Football” features the New York Jets and San Francisco 49ers. The blackout also includes ESPN’s suite of channels and the Disney Channel, Disney Jr., FX and National Geographic.

Persons: Disney, “ Disney, Venu ’, ’ ”, Venu Sports, Kamala Harris, Donald Trump, “, San Francisco — Organizations: CNN — DirecTV, Federal Communications Commission, Disney, DirecTV, CNN, Fox Corporation, Warner Brothers Discovery, ABC, ESPN, NFL, Monday, New York Jets, San Francisco 49ers, Buffalo Bills, Jets, Disney Channel, Disney Jr, Geographic Locations: New York, Los Angeles, Chicago, Philadelphia, Houston, San, Fresno , California, Raleigh , North Carolina

☆ America's shopping spree is over and retailers are facing a new world of cautious consumers
▼ + stars: | 2024-09-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewAmerica's wild, multi-year shopping spree has come to an end — and retailers who got used to Americans dropping cash on just about everything are in a tough spot. US retail sales came in stronger than expected in July, with Americans spending more overall compared to the prior month, according to Census data. Around 40% of consumers said they planned to pare back spending on accessories, home decor, jewelry, and furniture, per McKinsey's survey. We're now back in an environment where good retailers, strong brands that offer compelling value … will benefit," Siegel said. In the meantime, that could mean more pain for retailers, Siegel said, speculating that many were caught by surprise by the shift in consumer sentiment.

Persons: —, Ted Rossman, Rossman, pare, Simeon Siegel, Siegel, We're, SPDR Organizations: Service, Business, McKinsey & Company, Bankrate, Customers, BMO, Challenger, Walmart, Target, San Francisco Fed, Primerica Locations: FactSet

☆ I rent out my backyard pickleball court to strangers. I've brought in $1,600 this year and even hosted a proposal.
▼ + stars: | 2024-09-07 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

In 2022, we started building a pickleball court due to a combination of factors. But I knew we wanted to rent the court out somehow, so I decided to give the app a shot. I've now started coaching pickleball, tooThompson built his court with a lump sum he received for entering retirement. Since I started renting the court, I thought this could be a little business for me. I got my pickleball teacher certification and started giving lessons on the court.

Persons: —, Michael Thomspon, We've, pickleball, let's, Thompson, Michael Thompson, we've, it's, Michael Thompson I'm, I've Organizations: Service, Business, pickleball Locations: San Diego, Coronado

Nationwide, active listings in August were up 36% compared with the same month last year, according to a new report from Realtor.com. The growth in supply is due to the fact that homes are sitting on the market longer. “The widely anticipated Fed rate cut has already ushered in lower mortgage rates, but it seems that some buyers and sellers are waiting for additional declines.”That can be seen in weekly mortgage data. Regionally, active listings rose 46% in the South, 35.7% in the West, 23.8% in the Midwest and 15.1% in the Northeast. Part of that is due to the mix of homes on the market, as more smaller homes are being listed.

Persons: ”, Danielle Hale, “, Ralph McLaughlin Organizations: Nationwide, Mortgage, Association, Midwest, Realtor.com Locations: Tampa, San Diego, Miami, Seattle, Denver, West

☆ Google's second antitrust trial could help shape the future of online ads
▼ + stars: | 2024-09-06 | by ( Jennifer Elias | Jennifer Covers Google Parent Company Alphabet Inc. | Silicon Valley Culture For Cnbc.Com In San Francisco. | ) www.nbcnews.com time to read: +8 min

For Google, the focus turns to its ad tools, which are part of the company’s $200 billion digital ad business. In the first antitrust case, the court found that Google violated Section 2 of the Sherman Act, which outlaws monopolies. The company’s M&A strategy “set the stage for Google’s later exclusionary conduct across the ad tech industry,” the Justice Department alleges. Google has long fought back against claims that it dominates online ads, pointing to the market share of competitors including Meta. It will argue that buyers and sellers have many options especially as the online ad market has evolved.

Persons: Biden, Donald Trump, Meta, Sherman, Goldman, Bernstein, Amit Mehta, ” Mehta, Google’s, Neal Mohan, Mohan, it’s, AdMeld, Jerry Dischler, It’s, Sissie Hsiao, Scott Sheffer, Prabhakar Raghavan, Simon Whitcombe Organizations: Department of Justice, Google, Microsoft, Big Tech, DOJ, Apple, Federal Trade Commission, Facebook, Amazon, Citibank, NYSE, New York Stock Exchange, YouTube, Google Network, U.S, District of Columbia, Department, DoubleClick, Meta, Stanford, Harvard, New York Times Locations: Alexandria , Virginia, California , Colorado , Connecticut , New Jersey , New York, Rhode Island and Tennessee, Google’s

☆ She met a man on a rooftop bar on her first night in Paris. Her life changed forever
▼ + stars: | 2024-09-06 | by ( Francesca Street | ) edition.cnn.com time to read: +28 min

A series of fortuitous eventsWhen the train arrived in Paris, Erin and her seat neighbor went their separate ways, and Erin figured she’d never see him again. It’s called the Generator, and it has a great rooftop bar.’ And I love rooftop bars, so I remembered that.”Erin returned to the US, and she quickly lost touch with her train friend. Jordan figured the reviews were decent, the prices OK – and the rooftop bar looked appealing. “Then, that night, there was a party, an organized event on the rooftop,” Erin recalls. By then, fall had arrived, and Jordan’s summer stint at the rooftop bar was ending.

Persons: Erin Tridle, Erin, She’d, “ I’m, ”, she’d, “, we’ve, ‘ I’m, It’s, ” Erin, ’ ” Erin, Jordan, Frenchman who’d, ’ ”, Erin didn’t, ‘, ” Jordan, ‘ Let’s, ’ ” Jordan, he’d, – he’d, you’re, hesitating, we’ll, it’s, Jordan couldn’t, let’s, – Jordan wasn’t, Erin couldn’t, “ He’d, “ Jordan, Milian, hadn’t, Jordan –, ’, Anthony Bourdain’s, Anthony Bourdain, ’ Erin Tridle, She’ll, Jordan’s Covid, Erin’s, I’d, Nika Gunchak Erin, Jordan’s, – she’d, Paris, He’s, he’s, Frenchman, Jordan upended, Erin “, Jordan “, Sebastián, “ There’s, I’m Organizations: CNN, CNN Travel, Jordan, Omicron, Eiffel Locations: Paris, of Versailles, Europe, Los Angeles, Sacre, America, France, Caribbean, Australia, Paris ”, “, ”, Seine, Milan, French, Nice, Sebastián, Spain’s Basque, United States, Erin, LA, ‘, 8th, ’, American, TikTok

☆ Pancakes, meet pandan. Asian American restaurants add their own spin to weekend brunch
▼ + stars: | 2024-09-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +7 min

Breaking Dawn was one of two places that opened in the San Francisco Bay Area last spring emphasizing brunch. Asian American restaurants in other cities have also found that sweet and savory spot between breakfast and lunch. Jessica Nguyen, 28, who was finishing brunch at Breaking Dawn, says she’ll almost always choose Asian brunch over regular eggs or waffles. Within the last few decades, Asian and Asian American cuisine has become more popular through media and savvy foodies. She doesn’t see other restaurants with Asian brunch as rivals.

Persons: Dawn, Liz Truong, Terry Tang, ”, Truong, Lerspreuk, Thanasit “ Toto ” Nanthasitsira, yum, “, Chef Francis Ang, buttered, Jessica Nguyen, she’ll, Nguyen, Martin Manalansan, ” Manalansan, “ It’s, There’s, Eric Silverstein, Silverstein, we’re, ” Silverstein Organizations: GATOS, FO, Breaking, San Francisco Bay Area, NBC Asian Locations: Calif, Bay, sunnyside, Los Gatos, San Francisco Bay, San Mateo, Thailand, Francisco’s, China , Hong Kong, Taiwan, Austin , Texas, Tokyo, Atlanta, NBC Asian America

☆ Coinbase has worst week of the year as crypto stocks plummet
▼ + stars: | 2024-09-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

(Photo Illustration by Justin Sullivan/Getty Images) Justin Sullivan | Getty ImagesCryptocurrency exchange Coinbase just wrapped up its worst week of the year. According to CoinGlass, September is historically a difficult trading month for crypto assets, with bitcoin notching an average loss of 4.8%. The Crypto Fear & Greed Index, a gauge of crypto market sentiment, is firmly in the "Extreme Fear" zone, indicating that investors are worried about price moves. On Friday, the Bureau of Labor Statistics reported a cooldown in the labor market with August payrolls falling short of expectations. Crypto equities hit hardestWhile it was a rough week for risky assets of all sorts, investors over-indexed in crypto stocks had it particularly bad.

Persons: Justin Sullivan, Schwab, CoinGlass, Bitcoin, payrolls, Leena ElDeeb, MicroStrategy, Michael Saylor, CleanSpark, Jerome Powell, Donald Trump, Trump, Gary Gensler Organizations: Securities, Exchange, Securities and Exchange Commission, Marathon, Nasdaq, bitcoin, Labor, of Labor Statistics, SEC, JPMorgan Chase, Federal Reserve, August's, U.S, Republican Locations: CALIFORNIA, San Anselmo , California, Bitcoin, U.S, MicroStrategy, Coinbase, Nashville

☆ This startup ditched plans to go public and sold to a private equity firm for $3 billion. Here's the pitch deck it used.
▼ + stars: | 2024-09-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

European private equity firm Hg expressed interest in buying a majority stake in the enterprise software company. For startups, private equity represents a deep-pocketed buyer willing to move quickly, pay a premium, and potentially help the business by tapping into complementary companies in their portfolio. AuditBoard is the kind of startup that private equity goes gaga over. Bidding warArnold then delivered the pitch deck that he had shown to public market investors just weeks before. Here's the 19-slide pitch deck that AuditBoard used to court a $3 billion buyout from private equity.

Persons: —, Scott Arnold, Morgan Stanley, Arnold, AuditBoard, Corporates, Daniel Kim, Jay Lee, It's, Fortune, Alex Johnson, Johnson, Morgan Stanley's, Roxanne Oulman's, Nic, Humphries — Hg's, Goldman Sachs, Humphries, he's Organizations: Service, Business, Battery Ventures, Tiger Global, Morgan Locations: Silicon Valley, San Francisco, Shutterfly, Paris

☆ 'Selling Sunset' star Alanna Gold owns part of a town in the California desert. These are the 4 biggest challenges she's faced.
▼ + stars: | 2024-09-06 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

Ahead of the show's premiere, Gold spoke with Business Insider about her passion for Pioneertown and the challenges of owning part of a town. RevitalizationIn a world with a Starbucks on every corner and a strip mall down the street, towns and cities that retain their small-town charm have become increasingly sought after. Gaining trustGold grew up in a small town outside Toronto and moved to California after a successful modeling career that took her to countries like Japan and Paris. MaintenanceManaging the upkeep of a town can be costly and challenging, particularly in a town with older or underdeveloped infrastructure. Editor's note, September 9, 2024: Based on new information, the story has been updated to clarify that Alanna Gold owns part of Pioneertown, not the whole town.

Persons: —, Alanna Gold, Joshua, Roy Rogers, Dick Curtis, Xēba, Mary Bonnet, Amanza Smith, Nicole Young, David Corso, Matt, Mike French, Ben Loescher, Jenny, Gold, she's, David McNew, Adam Gold, Pioneertown, We've, Joshua Tree, San Bernardino Sun, Curt Sautter Organizations: Service, Business, Netflix, Los, Oppenheim, Corso Marketing, Times, San, San Bernardino, Sun Locations: Pioneertown, San Bernardino County, Old, Moroccan, Palm Springs, Los Angeles, Toronto, California, Japan, Paris, San

☆ Dozens of business leaders endorse Kamala Harris for president
▼ + stars: | 2024-09-06 | by ( Liam Reilly | Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Dozens of business leaders are throwing their weight behind Vice President Kamala Harris, saying she is the stronger candidate for the American economy and the future of democracy. In a three-page letter, a group of 88 business leaders — including high-profile current and former executives from major public companies across tech, media, and finance — emphasized that they believe a Harris administration can better nurture the private sector. The endorsements underscore the support Harris has not only in Silicon Valley, a traditional Democratic stronghold, but in some corners on Wall Street and at some consumer-facing companies. On the campaign trail, Harris has positioned herself as perhaps friendlier to business than President Joe Biden. The letter is a vote of confidence for Harris as she and former President Donald Trump appear neck and neck ahead of the November election.

Persons: Kamala Harris, —, Harris, “, James Murdoch, Mark Cuban, Reid Hoffman, Rupert Murdoch, Michael Lynton, Jeremy Stoppelman, Hoffman, Jeff Lawson, Laurene Powell Jobs, Peter Chernin, Jeffrey Katzenberg, Joe Biden, Trump, Elon Musk, David Sacks, San Francisco, Doug Leone, Joe Lonsdale, Peter Thiel, Donald Trump Organizations: CNN, CNBC, Democratic, Century Fox, Emerson Collective, TCG, Fox, Walt Disney Studios, Trump, San, Republican National Convention, America PAC, Sequoia Capital, Palantir, ABC Locations: Silicon Valley, United States

☆ Home listings are up more than 60% in some cities. Here's where
▼ + stars: | 2024-09-06 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Nationwide, active listings in August were up 36% compared with the same month last year, according to a new report from Realtor.com. "The widely anticipated Fed rate cut has already ushered in lower mortgage rates, but it seems that some buyers and sellers are waiting for additional declines." Regionally, active listings rose 46% in the South, 35.7% in the West, 23.8% in the Midwest and 15.1% in the Northeast. More supply and longer selling times are finally translating into lower prices. Part of that is due to the mix of homes on the market, as more smaller homes are being listed.

Persons: Patrick T, Fallon, PATRICK T, FALLON, Danielle Hale, Ralph McLaughlin Organizations: National Association of Realtors, Getty, Nationwide, Mortgage, Association, Midwest Locations: Los Angeles , California, United States, AFP, Tampa, San Diego, Miami, Seattle, Denver, West

☆ Roblox will let developers sell games for real dollars as it expands beyond virtual currency
▼ + stars: | 2024-09-06 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021. Roblox , the popular kid's gaming platform that generates billions of dollars a year in the virtual world, is getting real. The company said on Friday that some game developers on the platform will be able to charge users real money rather than relying on payments through Roblox's digital currency called Robux. Game creators can now more easily sell to users without dealing with an intermediary virtual currency. It's part of the company's ambitious plans to facilitate 10% of all global gaming content sales through the Roblox platform and reach 300 million daily active users.

Persons: Manuel Bronstein Organizations: New York Stock Exchange, Roblox Locations: San Jose , California

☆ The world’s most remarkable tennis courts
▼ + stars: | 2024-09-06 | by ( Yahya Salem | ) edition.cnn.com time to read: +4 min

But to American photographer and journalist Nick Pachelli, a tennis court is the harmonious union of surface, sound, and spectators, complemented by the natural elements and the inherent intensity of tennis. “Tennis is our only sport where the canvas on which we play can change so dramatically,” Pachelli, a former top junior tennis player himself, told CNN, highlighting each court’s “unique persona,” as he describes in his new photobook, The Tennis Court. During more than 500 days of travel, Pachelli visited over a thousand courts (of the roughly 200 in the book), crisscrossing more than 250 cities and towns in his pursuit of spotlighting the world’s most aesthetic, esteemed, and even idiosyncratic tennis courts. Reached by a few hundred steps, the tennis court at Hotel Il San Pietro Di Positano in Italy is between the cliff face and the pebble beach. The Courts at Borrego Springs in California describe themselves as 'four tennis courts, a clubhouse and a pool in the middle of nowhere."

Persons: Nick Pachelli, ”, Pachelli, Pietro Di Positano, King Richard, “, ” Pachelli Organizations: CNN, Tennis, Hotel, Tennis Clube da Foz, Junior Tennis, Center, ATP, Association of Tennis Professionals, WTA, United States Tennis Association Locations: Italy, Swiss, Cali, Colombia, Yangpyeong, South Korea, Lommerrijk, Rotterdam, The Netherlands, Berge, Porto, Portugal, Maryland, United States, Borrego Springs, California, Flushing Meadows , New York

A little over three years ago, private equity investor Orlando Bravo called FTX the "most cutting-edge, sophisticated cryptocurrency exchange in the world," as his buyout firm helped lead a $900 million investment in the company at a valuation of $18 billion. Bravo now tells CNBC that he and his firm, Thoma Bravo, are permanently out of crypto after that disaster. FTX spiraled into bankruptcy in late 2022, and founder Sam Bankman-Fried is in the early days of serving a 25-year prison sentence for the massive fraud and conspiracy that doomed FTX and sister hedge fund Alameda Research. "Once you make a mistake and once you get burned on something, our philosophy and my philosophy is you never touch it again," Bravo said in an interview on CNBC's "Squawk on the Street" on Thursday. FTX marked a sideways turn for San Francisco-based Thoma Bravo, which has emerged as a giant investor in technology, orchestrating multibillion-dollar acquisitions in recent years of companies including cybersecurity software vendor Proofpoint, property management software company RealPage, finance and supply chain software developer Anaplan and spend management software company Coupa.

Persons: Orlando Bravo, Thoma, spiraled, Sam Bankman, Bravo Organizations: Bravo, CNBC, Thoma Bravo, Alameda Research, San Locations: Alameda, San Francisco

☆ With Musk’s X banned in Brazil, its users carve out new digital homes
▼ + stars: | 2024-09-05 | by ( ) www.cnbc.com time to read: +5 min

Brazil's X users, left casting about for a new platform, mostly started washing up on Threads and Bluesky. Everyone hadn't been on X; Brazil's social masses are primarily on TikTok, Instagram and Facebook . So as X went dark in this highly online country of 213 million, its users started migrating. Meta declined to provide specifics on Brazilian users. Bluesky gained 2.6 million users since last week, 85% from Brazil, the company said Wednesday, boosting its total to over 8 million.

Persons: Elon Musk, Jair Bolsonaro, Mauro Pimentel, Elon Musk's, X, Alexandre de Moraes, Shauna Wright, de Moraes, hadn't, Meta's Instagram, Wright, didn't, Mark Zuckerberg, Jack Dorsey, Cris Faga, Luiz Inácio Lula da Silva, Tatiane Queiroz, Bluesky, Jefferson Nascimento, Nascimento, Egerton Neto, —, Jay Graber, Ton Molina Organizations: AFP, Getty, Brazilian, Facebook, Twitter, Associated Press, Meta, Federal Supreme Court, Elon, Nurphoto Locations: Copacabana, Rio de Janeiro, Brazil, San Francisco, Bluesky, Brazilian, Mato Grosso, Sao Paulo, Recife

☆ Harris raised over $300 million in August, extending cash windfall
▼ + stars: | 2024-09-05 | by ( Natasha Korecki | Carol E. Lee | ) www.cnbc.com time to read: +2 min

The next campaign finance disclosure deadline for Harris' campaign is Sept. 20. NBC News has asked the Harris campaign for comment. After the convention, Harris campaign officials said they had raised more than $540 million since Harris took the reins of the campaign. The whopping fundraising numbers for Harris come just after the Trump campaign reported it and related entities raised $130 million in the month of August, with nearly $300 million cash on hand. Trump's campaign reported that 98% of the month's donations came in at less than $200.

Persons: Kamala Harris, Donald Trump's, Harris, Joe Biden's, Tim Walz, Trump, Trump's, Biden, Brian Hughes Organizations: NBC News, Democratic, Minnesota Locations: Savannah GA, United States, New York, Atlanta, Los Angeles, San Francisco, Chicago, Trump's America

☆ Salesforce to acquire startup Own for $1.9 billion in cash
▼ + stars: | 2024-09-05 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Marc Benioff, CEO of Salesforce.com, speaks during a keynote at the Dreamforce 2023 conference in San Francisco on Sept. 12, 2023. Salesforce announced Thursday that it would pay $1.9 billion in cash for Own Co., a startup specializing in tools for backing up data in cloud-based applications. The startup, formerly known as OwnBackup, was valued at $3.35 billion in a 2021 funding round. Salesforce Ventures, the cloud software company's venture arm, invested in that round and earlier ones. WATCH: Salesforce CEO Marc Benioff goes one-on-one with Jim Cramer

Persons: Marc Benioff, Salesforce, MuleSoft, Benioff, we've, Jim Cramer Organizations: Salesforce.com, Own Co, Salesforce Ventures, Salesforce, Covid, Microsoft's Dynamics, Informatica Locations: San Francisco, Salesforce, Central

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