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OMAHA, Nebraska — Many Berkshire Hathaway shareholders left last weekend's annual meeting pondering Warren Buffett's big revelation about succession. Others think Abel will be more likely to delegate the responsibility of stock selection. Buffett's investment lieutenants, Todd Combs and Ted Weschler, have independently managed about $15 billion each for Berkshire over the past decade. In addition to Berkshire's enormous equity portfolio, its pile of cash grew to nearly $189 billion at the end of March. The new forecast would translate into more than 20% upside and push Berkshire's total market value above $1 trillion.
Persons: Warren Buffett's, Greg Abel, Buffett, Greg, Abel, Todd Combs, Ted Weschler, Buffett hasn't, Combs, Bill Stone, Charlie Munger, who's, he's, Bueffett's, Cathy Seifert, Brian Meredith, Meredith, — CNBC's Michael Bloom Organizations: OMAHA , Nebraska —, Berkshire Hathaway, Saturday, Madison Investments, CNBC, Geico, Glenview Trust, Berkshire Hathaway Energy, UBS Locations: OMAHA , Nebraska, Omaha, Berkshire, Toyama, UBS Berkshire
That entrepreneurial, technology-focused spirit has driven Underwood to an illustrious career at some of the industry's biggest companies, including Google, X, Slack, and Intel. As she built products at these tech giants, Underwood quietly invested in over 50 startups, including the genetics-testing unicorn Color and the cap-table giant Carta. Underwood began investing while at X, then called Twitter, where she was the company's director of product. Shortly after, #Angels was born, the investment collective cofounded by Underwood, Verrilli, Jana Messerschmidt, Chloe Sladden, Katie Stanton, and Vijaya Gadde. Since 2015, the group has backed over 100 startups, including Forward, Clubhouse, Instacart, Material Security, and Airtable.
Persons: Underwood, she'd, Slack, Jessica Verrilli, who'd, Stewart Butterfield, Cal Henderson, Ev Williams, Jack Dorsey, Verrilli, Jana Messerschmidt, Chloe Sladden, Katie Stanton, Vijaya Gadde, you've, I've, they've Organizations: Amarillo College, Business, Google, Intel, GV, Cue, Twitter, Health, Security, Slack Locations: Amarillo , Texas, Amarillo, Termina, San Francisco
CNN —The Republican National Committee’s chief counsel Charlie Spies has resigned two months after accepting the position. Spies’ departure follows weeks of growing tension with RNC officials, a source familiar with the situation told CNN. His hire was one of a handful meant to “initiate battle on election integrity from an offensive instead of defensive posture,” LaCivita told CNN in a statement at the time. Trump originally approved of the hiring, one source told CNN, but sources said the former president was angered after his allies pointed to clips of Spies criticizing the false claims that the 2020 election was stolen. CNN’s Kristen Holmes, Fredreka Schouten and Michelle Shen contributed to this story.
Persons: Charlie Spies, Donald Trump, Jeb Bush, Mitt Romney, Ron DeSantis, Danielle Alvarez, Spies, ” “ Charlie, Chris LaCivita, ” Alvarez, Trump, ” Spies, Michael Whatley, ” LaCivita, CNN’s Kristen Holmes, Fredreka Schouten, Michelle Shen Organizations: CNN, Republican National Committee’s, RNC
Lessons from the deadly anthrax attacks of 2001
  + stars: | 2024-05-05 | by ( John Miller | ) edition.cnn.com   time to read: +11 min
This was anthrax,” Pogan said, and he briefed his superiors. Between October 5, and November 22, 2001, five people who were exposed died from anthrax poisoning. For help, they turned to the US Department of Defense lab at Fort Detrick, Maryland, where anthrax expert Dr. Bruce Ivins worked. Investigators in protective suits prepare to enter the New York Times building in New York on October 12, 2001. Police cars are parked outside the American Media building in Boca Raton on Oct. 8, 2001 where environmental tests detected anthrax bacteria.
Persons: CNN —, Bin Laden, America, Robert Stevens, Tom Dachle’s, Tom Brokaw, Patrick Pogan, , , Judith Miller, Pogan, Miller, ’ Pogan, “ Hey, ” Pogan, John Scarbeck, Saddam Hussein, Bin, Bruce Ivins, Steven Hatfill, FBI swabbed, John Ashcroft, Peter Morgan, ” Dr, Bob Mueller, Mueller, Hatfill, Luis M, Alvarez, Dr, Ivins, John J, He’s Organizations: CNN, Center for Domestic Preparedness, Army, New York Police Department, ABC News, ABC, American Media, Boca, New York Post, NBC News, Terrorism Task Forces, New York Times, FBI, New York, New York City Health Department, Unit, US Department of Defense, Department of Defense, Reuters, Counterterrorism, LAPD, Justice Department, Police, Intelligence, Los Angeles Police Department Locations: Anniston, Alabama, Florida, Boca Raton , FL, Staten, New York City, , Fort Detrick , Maryland, Maryland, Rhodesia, Zimbabwe, New Jersey, New York, Boca Raton
Surrenne, a luxury wellness and longevity club, has just opened in London's Knightsbridge. The four-floor subterranean space features a gold-leaf ceiling, a snow shower, and the UK's only Tracy Anderson studio. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIn April a new luxury wellness and longevity club sprung up in London's affluent neighbourhood of Knightsbridge. Besides the beautiful decor, Surrenne has gathered together an all-star line-up of the best health, fitness, and beauty gurus.
Persons: Tracy Anderson, that's, , Inge Theron, she's, Surrenne, Theron, David Cummings, Lara Devgan, Stella McCartney, Rose Ferguson, Mark Mikhail, there's Tracy Anderson, She's Organizations: Service, Maybourne, David Cummings Products, Emory Locations: London's Knightsbridge, Knightsbridge, Emory, Berkeley, Hyde, London, Surrenne, Europe, Madrid
As a travel planner, I regularly stay at all-inclusive resorts and book luxury trips for my clients. The vacations can be daunting and complicated to book, and many people make mistakes along the way. AdvertisementAs a travel planner at Marvelous Mouse Travels, one of my areas of expertise is booking all-inclusive vacations. The luxury trips can be complex to book, so it's easy to get tripped up if you're new to them. Here are the biggest mistakes people make while booking all-inclusive vacations.
Persons: Organizations: Service
OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway's investing decisions when the Oracle of Omaha is no longer at the helm. Berkshire investing managers, Todd Combs and Ted Weschler, both former hedge fund managers, have helped Buffett manage a small portion of the stock portfolio (about 10%) for about the last decade. There was speculation that they may take over that portion of the Berkshire CEO role when he is no longer able. But it seems, based on Buffett's latest comments, that Abel will have final decisions on all capital allocation — including stock picks. Berkshire acquired MidAmerican Energy in 1999 and Abel became CEO of the company in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014.
Persons: OMAHA , Nebraska — Warren Buffett, Greg Abel, Greg, Buffett, Abel, Charlie Munger, you've, Todd Combs, Ted Weschler Organizations: Berkshire, Oracle, Apple, MidAmerican Energy, Berkshire Hathaway Energy Locations: OMAHA , Nebraska, Omaha, Berkshire
I spoke with Weaver about her anxiety and how her new book can give other people with anxiety a starting point for talking about it. Haley Weaver: At its core, anxiety wants to keep us safe — safe from disaster, safe from judgment, safe from rejection — the list goes on! Not to be meta, but my anxiety about sharing my anxiety was present throughout the entire writing process. Additionally, caring for anxiety may look different depending on how the anxiety presents — maybe it’s helping kids pinpoint helpful coping mechanisms. Weaver: I wrote this book for anyone who struggles with anxiety or cares about someone who deals with anxiety in their everyday life.
Persons: CNN — Haley Weaver, wouldn’t, ” Kimberly Person, Weaver, Haley Weaver, It’s, There’s, , Michelle Icard, Organizations: Lifeline, CNN, Haley Weaver CNN
Whenever a worthy cause needs help in Rockland, Maine, this town of 7,000 overlooking Penobscot Bay, people reach out to Bruce Gamage Jr., an auctioneer who runs an antiques shop downtown. Walking sticks? Gamage is as established an expert on such items as you’ll find around Rockland, a working-class town once known for its quarries and fish canneries. Many in town say he is just as self-sacrificing a spirit. “It’s almost all we need to do is send him the date, he is just so generous with his time,” said Amie Hutchison, executive director of Trekkers, a local nonprofit that mentors young people.
Persons: Bruce Gamage Jr, he’s, “ It’s, , Amie Hutchison Locations: Rockland , Maine, Penobscot, French, Rockland
Ukrainian forces took out more than 100 Russian soldiers with an ATACMS missile, per OSINT analysts. AdvertisementA Ukrainian ATACMS long-range missile strike killed more than 100 Russian soldiers in an occupied region 50 miles from the front line, according to OSINT and military analysts. Osinttechnical said at least one of the missiles struck a gathering of more than 100 Russian soldiers, with hundreds of M74 APAM bomblets falling on them. AdvertisementAn unnamed senior US official told the Times that Ukrainian soldiers already put them to use to attack a Russian military airfield in Crimea in mid-April. AdvertisementThe US sent Ukraine ATACMS with a shorter range last fall, which enabled Ukraine to destroy Russian helicopters and airfields behind the front lines, but not go after more distant targets.
Persons: , Osinttechnical, GeoConfirmed, couldn't, Philip Karber Organizations: Service, The Institute, Centre, Naval Analyses, US, Army Tactical Missile Systems, The New York Times, Times, Radio Free Locations: Russian, Luhansk Oblast, Ukraine, Rohove, Ukraine's, Crimea, Russia, Radio Free Europe
The portfolio manager whisperers
  + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com   time to read: +24 min
AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.
Persons: Taylor Swift, Travis Kelce, Goldman Sachs, , That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, , Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny
Nicole Brown Simpson's family is collaborating with Lifetime to create a new docuseries. The series aims to provide Brown Simpson's own narrative in one of history's most notorious crimes. Lifetime announced Thursday that "The Life and Murder of Nicole Brown Simpson" will premiere on the network on June 1 in a two-night event. After Simpson's death, Brown said her family has been dedicated to the cause of domestic violence in many arenas. "Nicole endured incredible pain, and through that pain, she was able to protect her children.
Persons: Nicole Brown Simpson's, Brown, , Nicole Brown Simpson, Simpson, Ronald Goldman, OJ Simpson, Simpson's, Nicole, Denise Brown, Tanya, Dominique, I'm, It's, Shonda Rhimes, Mariska Hargitay, Amy Schumer, Amber Ruffin, Melissa Joan Hart, Glenn Close, Nicky Hilton Organizations: Lifetime, Service, NFL, Variety's, Cooper Hewitt Smithsonian Design, of Locations: New York City, we're
Microsoft's OpenAI investment may have been prompted by concerns over Google's AI progress. In a 2019 email, a Microsoft exec said he was "very, very worried" about Google's AI capabilities. AdvertisementIn 2019, Microsoft became "very, very worried" about Google's AI capabilities, newly unearthed emails show, and that may have been what spurred it to invest in OpenAI. In one lengthy email, Microsoft's chief technology officer Kevin Scott told Satya Nadella and Bill Gates that Google's AI-powered "auto-complete in Gmail" was "getting scarily good." Related storiesIn 2019, Microsoft made an initial $1 billion investment into its now multi-billion partnership with OpenAI.
Persons: , Kevin Scott, Satya Nadella, Bill Gates, Nadella, Amy Hood, Bard, Scott, OpenAI, BERT Organizations: Microsoft, Google, Service, Department, Business, OpenAI, Bing Locations: OpenAI
Anthropic CEO Dario Amodei said training AI could one day cost $100 billion. Amodei told CNBC that he isn't worried about the commoditization of large language AI models. Amodei told CNBC that current models already cost a company $100 million to develop — and that price will only increase as the technology advances. "I think we're going to see models trained in the next year are going to be about $1 billion," Amodei told the outlet. Amodei said some AI models may specialize in topics like law or national security, while others could gain expertise in biochemistry.
Persons: Dario Amodei, Amodei, , Claude, Daniela Amodei, Elon Musk, we're Organizations: CNBC, Service, Amazon, Google Locations: Anthropic
CNN —Don’t look for Daniel Radcliffe and J.K. Rowling to reunite any time soon. Radcliffe found fame as a child actor starring as Harry Potter in the film franchise based on Rowling’s wildly successful book series. In a recently published interview with The Atlantic, Radcliffe talked about Rowling’s past comments that have been perceived by many as anti-trans. Radcliffe released a statement via The Trevor Project shortly after Rowling’s posts in 2020. “Transgender women are women,” he wrote in his statement.
Persons: Daniel Radcliffe, J.K, Rowling, Radcliffe, Harry Potter, , menstruate ”, Trevor, ” Radcliffe, Harry Potter ”, Emma Watson, Rupert Grint, , ” Rowling, Dan, Emma, “ celebs, ” “ Organizations: CNN, Atlantic Locations: British
Timothy Gamble left his VP role at Walker & Dunlop to cofound HelloData.ai in 2022. I gathered and normalized real-estate data, but my role quickly expanded, and I was soon in charge of the data infrastructure that processed billions of real-estate data points daily. Related storiesNico left W&D one year before me, but we kept in touch. When I left W&D, we decided it made sense to start a real-estate AI company since we both had an entrepreneurial spirit, strong engineering backgrounds, and real-estate domain expertise. Deciding to leave my VP role was scary but the fear of complacency and the prospect of looking back with regret for not pursuing my passions were far greater motivators.
Persons: Timothy Gamble, Dunlop, cofound, Gamble, , It's, Enodo, might've, Nico Lassaux, Marc Rutzen, Nico, Marc, cofounding, you'll, we're, I've Organizations: Walker, Service Locations: Washington ,, HelloData.ai, Enodo
Pacific Gas & Electric announced plans on Tuesday to sell a minority stake in its power-generation business, part of its strategy to reduce electricity rates, continue wildfire prevention and further develop clean energy. The exclusive deal with the global investment firm KKR is part of PG&E’s plan to transfer its nonnuclear power generation to a newly formed subsidiary, Pacific Generation. The proposals for the subsidiary and the KKR stake require approval by the California Public Utilities Commission and the Federal Energy Regulatory Commission. KKR, which manages $59 billion in assets, operates a global infrastructure business with expertise in the utility and renewable energy industry. PG&E said in a statement that the investment firm’s access to capital gave it the ability to take a long-term approach in its strategies.
Persons: ” Carolyn Burke Organizations: Gas & Electric, KKR, Pacific, California Public Utilities Commission, Federal Energy Regulatory Commission
Apple has lured away 36 Googlers with AI expertise since 2018, the Financial Times reported. It's part of a broader talent war among Big Tech firms seeking to bolster their AI capabilities. The battle could escalate when Microsoft opens an AI hub on Google DeepMind's home turf in London. AdvertisementApple has convinced at least 36 Googlers with AI expertise to jump ship since 2018, according to a Financial Times analysis of LinkedIn profiles. Nine of the 31 authors listed on the research paper had Google listed as their last employer on their LinkedIn profiles, Business Insider found, and two authors came from Microsoft.
Persons: Organizations: Apple, Financial Times, Big Tech, Microsoft, Google, Service Locations: London
Read previewAfter a meeting with Japanese and South Korean officials in Tokyo on Friday, US Space Force commander Gen. Stephen Whiting warned about a growing threat. China, he said, is "moving at breathtaking speed in space," and is developing a range of weapons that threaten America's space supremacy, reported Stars and Stripes. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added. Chance Saltzman, Chief of Space Operations at United States Space Force, last year warned against taking US space supremacy for granted. Air Force Lieutenant General Gregory Guillot (L) and US Space Force Lieutenant General Stephen Whiting (R) on July 26, 2023.
Persons: , Stephen Whiting, They're, Troy Meink, Space.com, Meink, Chance Saltzman, I'm, Saltzman, Whiting, Dominic Chiu, Gregory Guillot, BRENDAN SMIALOWSKI, Donald Trump, Chiu, Artemis, Frank Lucas, Anthony Mastalir, Graeme Thompson, Thompson, Tory Bruno, Arthur Herman, John F, Kennedy, Ronald Reagan, we've Organizations: Service, Korean, Space Force, Business, National Reconnaissance Office, Space Operations, United States Space Force, Eurasia Group, Air Force, US Space Force, House Science, Technology Committee, Brig, US Space Forces, Pentagon, United Launch Alliance, NBC News, Hudson Institute Locations: Tokyo, China, Colorado, Australia, Russia
As a result, Jefferies downgraded the stock to underperform from hold and lowered its price target to $4 from $7, suggesting 2% downside from Monday's close. Both stocks sank by more than 10% on Tuesday after issuing disappointing guidance in part because of students using AI tools such as ChatGPT. The rapid rise of artificial intelligence appears to be taking a toll on the shares of online education companies Chegg and Coursera . After Chegg's most recent results, Morgan Stanley lowered its price target to $6.50 from $7 and maintained its underweight rating. He maintained his neutral rating and cut his price target to $8 from $9.
Persons: James, Brent Thill, Jefferies, Chegg, Daniel L, Rosensweig, Nathan Schultz, Thill, ChatGPT, Morgan Stanley, Josh Baer, Schultz, Bryan Smilek, Coursera Organizations: LSEG, JPMorgan, StreetAccount Locations: Shepherdsville , Kentucky
"I think you can be successful with more side hustles than you think," Cody Berman, who co-runs online printables course Gold City Ventures, told CNBC Make It in January. In seventh grade, she started selling leggings for teen girls who couldn't afford larger, trendy brands. Bella Lin, 17, started a side hustle to give her guinea pigs more quality of life. Your ability to stay up-to-date on industry trends and audience demographics can affect your earnings over time, Etsy seller Tim Riegel told Make It last year. Riegel started his side hustle — making and selling steel fire pits — in 2021.
Persons: Cody Berman, Bella Lin —, Bella Lin, Lin, you've, Tim Riegel, Riegel, Becky Powell, Powell, Becky Powell's, , Morgan Eckroth Organizations: Gold City Ventures, CNBC, Onyx Labs, YouTube, Barista Locations: Gold, Beaverton , Oregon, Portland , Oregon, U.S
Four zebras escaped from a trailer on a highway exit in Washington State on Sunday, leading dozens of residents, police officers and volunteers to join in an effort to corral them. Among them was a person with particular expertise in wrangling loose animals: David Danton, of Mount Vernon, Wash., who worked for nearly 15 years as a rodeo clown and rodeo bullfighter. He and his wife, Julie Danton, had been driving home from a cattle drive in eastern Washington when they stopped to help the police and neighbors capture the zebras in North Bend, Wash., about 30 miles east of Seattle. “It was kind of divine intervention — we happened to be in the exact spot and had the knowledge,” Ms. Danton said.
Persons: David Danton, Mount, Julie Danton, Ms, Danton Locations: Washington State, Mount Vernon, Wash, Washington, North Bend, Seattle
As a psychologist who researches emotional intelligence, I know people with high EQ tend to have a critical skill I like to call "emotional sovereignty." When you know how to handle your emotions, you can harness them for creativity, energy, deeper relationships, and greater happiness and fulfillment. Others may be surprised by the fact that you no longer suppress your emotions — they might even be a little uncomfortable with it at first. Others may be surprised by the fact that you no longer suppress your emotions — they might even be a little uncomfortable with it at first. A psychologist and research scientist by training, Seppälä's expertise is the science of happiness, emotional intelligence, and social connection.
Persons: you've, I'm, It's, Emma Seppälä Organizations: Yale School of Management, Stanford University's Center for Compassion, Education, CNBC Locations: Yale
These attacks have over the years undermined university leadership and provoked students, staff and faculty. University leaders responded positively, helping to build more dynamic and well-endowed centers for this work than on any other peer campus in the country. Many students, staff and faculty, especially those from minority backgrounds, feel that they have suffered setback after setback at the hands of hostile politicians and deferential administrators. Public and private university leaders have become more distant from their own campuses as they focus on fund-raising and testifying before hostile federal and state legislatures. There are, of course, good reasons why university leaders should not give in to protesters on these and other points.
Persons: Jeremi Suri, Mack Brown, America’s, CNN —, George W, Bush, , , , ” Jeremi Suri Korey Howell, Rick Perry, Perry, William Powers, Powers, Greg Abbott, Abbott, Bill, Organizations: Leadership, Global Affairs, University of Texas, History Department, LBJ School, Democracy, , CNN, Yale, Republican Party, Republican, Bush’s, Austin, Republicans, University, Clements Center for National Security, Salem Center for Policy, Civitas Institute, School of Civic Leadership, Military, Public, Kent State, Jackson State Universities Locations: Austin, Texas, Houston, Rio Grande Valley, Dallas, United States, Vietnam
5 ways to attack the climate crisis
  + stars: | 2024-04-29 | by ( Andrea Kane | ) edition.cnn.com   time to read: +8 min
The climate crisis impacts Earth — its land, its atmosphere and its bodies of water — and it also profoundly affects the health and behavior of the planet’s inhabitants large and small, including humanity. And CNN Chief Climate Correspondent Bill Weir has a front-row seat to the ever-evolving situation. “Five million people die prematurely every year just to, just from particulate pollution of burning fossil fuels around the world,” Weir said. “It is taking care of water and soil and air… (that) fills those (Maslow) needs in ways that we can’t imagine in our modern, convenient world,” he said. “I just want folks to connect with each other and nature in the best possible ways,” he said.
Persons: Bill Weir, Weir, Olivia, , , ” Weir, Sanjay Gupta, it’s, Abraham Maslow’s, , Elisabeth Kübler, Rogers, “ There’s, he’s, Maslow Organizations: CNN, Earth Locations: Hope, America, Charleston , South Carolina, Miami, thrivers, United States, Maine, Canada, Asia, Lahaina,
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