DIRS.INFO The most relevant business & tech news

☆ Live Updates: U.S. Job Growth Expected to Remain Robust
▼ + stars: | 2024-04-05 | by ( Talmon Joseph Smith | ) www.nytimes.com time to read: +2 min

PinnedWith the year’s first quarter in the books, the Labor Department will release its latest update on the labor market Friday morning. Economists expect the March report to show that over 200,000 jobs were added for the fourth consecutive month, according to a Bloomberg survey. The report is expected to show that the unemployment rate ticked down to 3.8 percent from 3.9 percent in February. It’s a remarkable change from a year ago, when top financial analysts were largely convinced that a recession was only months away. Nevertheless, there is “still absolutely nothing happening” in key measures of long-run jobless claims, said Guy Berger, director of economic research at the Burning Glass Institute, which studies the labor market.

Persons: ”, Joe Davis, Guy Berger Organizations: Labor Department, Bloomberg, Federal, Vanguard, Federal Reserve, Glass Institute Locations: U.S

☆ Swiss Re names corporate solutions boss Berger as new CEO
▼ + stars: | 2024-04-03 | by ( ) www.cnbc.com time to read: +2 min

The corporate logo of Swiss Re, the world's second-largest reinsurer, on the outside of the company offices April 22, 2003 in Munich, Germany. Reinsurance company Swiss Re said on Wednesday it would appoint its corporate solutions boss Andreas Berger as its group chief executive from July, replacing long-serving CEO Christian Mumenthaler. De Vaucleroy said Berger had a convincing track record, underscored by his leadership during the successful turnaround of the company's commercial business insurance arm, corporate solutions. In a research note, Foessmeier said Berger had built an impressive track record at corporate solutions, adding: "Reinsurance is currently the sweet spot in the sector, for Andreas Berger the key will be execution. Rwanda-born Berger, 57, is a German national who joined Swiss Re in March 2019 as CEO of corporate solutions and a member of the group executive committee, the company said.

Persons: Andreas Berger, Christian Mumenthaler, Jacques de Vaucleroy, De Vaucleroy, Berger, Simon Foessmeier, Foessmeier Organizations: Swiss, Swiss Re Locations: Munich, Germany, Rwanda, German

LONDON (AP) — Chelsea women's manager Emma Hayes says she was wrong to describe intrasquad player relationships as “inappropriate.”Hayes is finishing out the season at Chelsea in the Women’s Super League before she takes over as coach of the U.S. women's national team. In Hayes' initial comments Thursday, she said player-to-player relationships in a team are “ inappropriate " because they have the potential to create extra challenges to manage. She had been asked about player-coach relationships, which she also said were inappropriate. “I didn't think it was right for me to use the term ‘inappropriate’ for the players,” Hayes said Friday night after Chelsea beat Arsenal 1-0 in a WSL match. Chelsea players Jess Carter and Ann-Katrin Berger are currently in a relationship, and after Hayes' initial comment, Carter liked a tweet that said it was “beyond bonkers” to bring player relationships into the conversation about player-coach relationships.

Persons: Emma Hayes, ” Hayes, Hayes, Jess Carter, Ann, Katrin Berger, Carter, postmatch, “, I’ve, ” Pernille, Magdalena Eriksson, ___ Organizations: Chelsea, Super League, women's, Arsenal, Bayern Munich, U.S ., South Locations: South Korea

☆ Congress may be going after the wrong social network
▼ + stars: | 2024-03-16 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

Chew, meanwhile, clapped back, “American social companies don’t have a good track record with data privacy and user security. But if lawmakers were serious about protecting the digital data of millions of American social media users, targeting TikTok alone is a limited way to achieve this goal. Separately, US intelligence authorities have said that Russian operatives were able to exploit US-based social media platforms including Facebook and Twitter as part of an election meddling campaign in the lead-up to the 2016 US presidential vote. Sherman said he thinks some lawmakers are raising important national security concerns regarding TikTok. Ultimately, Jameel Jaffer, the executive director of the Knight First Amendment Institute at Columbia University, called the bill a “missed opportunity” for Congress to take real action regarding their concerns about US user data.

☆ Solar CEOs bet that Red State investments will protect them from threat of Trump repealing IRA
▼ + stars: | 2024-03-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +9 min

First Solar , the largest panel manufacturer in the U.S., expects to receive about $1 billion in tax credits this year for making its products domestically. Eight of the top 10 congressional districts in terms of solar investments are represented by Republicans, according to the think tank. Enphase CEO Badri Kothandaraman is blunt that repealing the IRA tax provisions would hurt domestic manufacturing. Enphase makes inverters, a crucial component that converts solar energy harvested by panels into electricity that's usable in homes and in the power grid. Republicans appear less opposed to the wind and solar tax credits, Marcus said.

Persons: Biden, Trump's, Mark Widmar, Widmar, we've, who's, Badri Kothandaraman, Kothandaraman, Trump, Enphase, Tobin Marcus, Marcus, Wolfe, Dan Shugar, Shugar, John Berger, Berger Organizations: Republican, Financial Times, Republicans, House, First, CNBC, GOP, Center, American Progress, Wolfe Research, Senate, Trump, Investors, Detroit autoworkers, Department of Energy Locations: U.S, Arizona, Ohio, Louisiana, Alabama, Puerto Rico, Columbia , South Carolina, Arlington , Texas, Houston

☆ How doomsday preppers made gold and silver precious end-of-the-world assets
▼ + stars: | 2024-03-14 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Gold tends to gain value when people lose faith in banks and money, as it did in the Great Recession. Earlier this month, the gold contract for April settled at $2,126.30 per ounce, the highest level since the contract's creation in 1974. Gold, nostalgia and the end of the world...At the heart of people's apocalyptic fantasies is nostalgia, Berger said. When everything else is going down the tubes, gold is the one thing that's likely going to do well. Trump has called for returning to the gold standard and, at least at one point, owned up to $200,000 of the metal, reports found.

Persons: James Berger, William Bernstein ,, Bernstein, Berger, Hay, William Bernstein, Donald Trump's, Trump, Vladimir Putin, Ethan Swope Organizations: Yale University, CNBC, NBC, NATO Locations: United States, Russian, Ukraine, Gaza, Aguanga , California

☆ North Carolina judges block GOP effort to reshape state’s election boards
▼ + stars: | 2024-03-12 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +4 min

CNN —A bipartisan panel of judges in North Carolina has ruled that the Republican-controlled state legislature improperly tried to seize control of state and local election boards from Democratic Gov. The state Board of Elections, for instance, currently has three Democrats and two Republicans. Previous efforts by Republicans in the General Assembly to change the makeup of election boards have been rejected by the courts, and by voters in a 2018 referendum. Republican state lawmakers who pushed the change had argued that it would bring bipartisan balance to decision-making around elections. Several lawmakers had accused state election officials of reaching a “collusive settlement” with Democratic litigants to extend the deadline to count absentee ballots during the 2020 election.

Persons: Roy Cooper –, North Carolina’s, –, Cooper, “ infringes, ”, ” Lauren Horsch, Sen, Phil Berger, What’s, Paul Newton, you’ve, Donald Trump, Joe Biden’s Organizations: CNN, Republican, Democratic Gov, Republicans, State, North, North Carolina General, Assembly, North Carolina Senate, ” Locations: North Carolina, ”, Carolina

In late November, the panel temporarily blocked the new structures for the State Board of Elections and boards in all 100 counties from taking effect while Cooper’s lawsuit was heard. The state elections board has five members appointed by the governor — a format going back over 100 years — from candidate lists provided by the major parties. Currently, county boards are five members, with state board members naming four positions and Cooper one. Should the board changes be upheld by courts in the coming months, new appointments could happen as general election campaigning heats up and voting approaches. The elections board lawsuit is one of many that Cooper has filed over the past seven years challenging General Assembly laws that he argues unlawfully weakens his position.

Persons: Roy Cooper, Cooper's, infringes, ”, Edwin Wilson, Andrew Womble, Lori Hamilton, Hamilton, Wilson, Phil Berger, Tim Moore's, Cooper, they've, Donald Trump, —, weren't Organizations: Carolina’s GOP, Democratic Gov, GOP, State Board, Democrat, Democratic, Associated Press, Cooper, General Assembly, Republican, General, Republicans Locations: RALEIGH, N.C, Carolina’s, ”

☆ One of the top donors to a pro-Biden dark-money group is a nonprofit run by a little-known AI investor
▼ + stars: | 2024-03-10 | by ( Casey Tolan | ) edition.cnn.com time to read: +8 min

The second-largest donation in 2022 to the non-profit arm of Future Forward, the primary Super PAC supporting Biden, came from a group run by James McClave and Emily Berger. That’s more than any group other than the George Soros-linked Open Society Policy Center, which gave $15.2 million that year. That trend is set to continue this year: Future Forward has announced plans to run the largest ever political advertising campaign by a Super PAC in 2024. A spokesperson for Future Forward did not respond to a request for comment. The pro-Biden group Future Forward has said it plans to run the largest political advertising campaign by a Super PAC this year.

Persons: Joe Biden, James McClave, Emily Berger, Jane, McClave, Berger —, George Soros, Biden, they’re, “, ”, Anna Massoglia, Berger, Massoglia, ” Anna Massoglia, Janet Protasiewicz, Manhattan DA Alvin Bragg, Claude, Sam Bankman, Fried, Jane Street, Julia Nikhinson, Anita Dunn, Harris, It’s, ” Biden, Biden’s, Vox Organizations: CNN, PAC, Biden, —, Policy Center, Soros, League of Conservation Voters, Fund, Hopewell Fund, Super PAC, McClave, Democratic Party, Wisconsin Supreme, Manhattan DA, Securities and Exchange Commission, New York Stock Exchange, University of California, Bloomberg, FF PAC, White House, New York Times, Super, Commission, Forward, Center for Voter, Democratic, BEMC Foundation Locations: Manhattan, McClave, Wisconsin, Anthropic, University of California Berkeley, Manassas , Virginia

☆ Salesforce's behind-the-scenes co-founder is tackling Slack as software company turns 25
▼ + stars: | 2024-03-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +16 min

"The V2MOM had nothing about generative AI," Parker Harris, who co-founded the company with Benioff, told CNBC in an interview. Harris, a Salesforce board member and now the technology chief of Slack, which Salesforce bought in 2021, said he'd rather avoid the limelight. Without the Data Cloud, Harris told CNBC, "I think we would have been in a much worse place." He told Benioff he'd redo the plan, the person said. They'll be talking more frequently, as Harris said they're about to kick off weekly meetings on Slack and Salesforce integrations.

Persons: Parker Harris, Marlena Sloss, Marc Benioff, ChatGPT, Benioff, Salesforce, Harris, Slack, he'd, Sam Altman, Noah Berger, Robin, Batman, Frank Dominguez, Dave Moellenhoff, Bobby Yazdani, Larry Ellison, Yazdani, Dominguez, Brett Queener, who's, Queener, Salesforce.com, He's, Ruth Asawa, Josef Albers, Miles Davis, Donald Trump, Jason Alden, Marc, Kara Swisher, David Paul Morris, Adam Selipsky, it's, Stewart Butterfield, Lidiane Jones, Cal Henderson, Benioff's, Parker, Noah Weiss, Denise Dresser, Weiss, Parker Harris emoji, They'll, Salesforce integrations, Stefan Slowinski Organizations: Salesforce, Bloomberg, Getty, CNBC, Google, Microsoft, Middlebury College, Apple, San, San Francisco Bay Area, Metropolis Software, Software, Saba Software, Oracle, San Francisco's Telegraph, YouTube, Facebook, Economic, Salesforce.com Inc, Web, VMware, Employees Locations: San Francisco, Silicon Valley, English, Vermont, North Carolina, San Francisco Bay, Moellenhoff, Kincaid's, Burlingame, San Francisco's, Salesforce, France, Italy, Nantucket, San, Pacific, Davos, Switzerland, Cliff, New York, Las Vegas, Hawaii

☆ Helen Mirren gets her own Barbie for International Women’s Day
▼ + stars: | 2024-03-06 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —Actress Helen Mirren has said she is “blown away” by a new Barbie created in her likeness. The glamorous doll, complete with its own Academy Award, is one of a series of eight launched by toymaker Mattel to mark International Women’s Day on Friday. Mirren, the 78-year-old star who narrated last year’s hit “Barbie” movie, said she regards the creation of the doll as a “huge compliment.”The new dolls were created to mark International Women's Day. And the cherry on top of the cake is my doll having a miniature Oscar. Thank you @barbie @barbiestyle @Mattel”Previous role model dolls have included TV producer Shonda Rhimes, professional skateboarder Sky Brown and Sarah Gilbert, who developed the Covid-19 vaccine.

Persons: Helen Mirren, toymaker Mattel, Mirren, ”, Barbie, “ Elizabeth I, Golda, “, –, Del, I’d, Kylie Minogue, Shania Twain, Viola Davis, Maira Gomez, Lila Avilés, Nicole Fujita, Enissa Amani, Minogue, Kylie, Shonda Rhimes, Sky Brown, Sarah Gilbert, Aude, Krista Berger, she’s Organizations: CNN, Cannes, Mirren, Mattel, Hollywood, Reuters Locations: ”, British, Mexican

☆ Dubai’s bar scene is being redefined by artisanal champagnes
▼ + stars: | 2024-03-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +12 min

While the city has over 13,000 restaurants, its bar scene has largely been confined to Michelin fine dining, nightclubs, and boozy brunches. Look through the gallery and see the region's other top restaurants, as selected by 50 Best list group. The 50 Best has unveiled its 2024 list of the best restaurants in the Middle East and North Africa (MENA). Al Muntaha, which was recognized by Star Wine List as having the best sparkling wine list in the UAE earlier this year, has 166 labels on its champagne list, including around 60 recently added grower champagnes, says Lacroix. Tina HillierAnd the culture around drinking is largely focused on dining or special occasions, with little in between, says Krister Bengtsson, founder of Star Wine List.

Persons: Lana —, Nicolas Caupain, ”, boozy, Caupain, Raz Rahav, Tala Bashmi, Em Sherif, Yasmina Hayek, Fawzi Al Mulki, 3Fils, Khufu's, Solemann Haddad, Moonrise, Gregoire Berger, Berger, Himanshu Saini, Pol Roger, Queen Elizabeth II, Winston Churchill, champagnes, Larmandier Bernier, Ulysse Collin, Samuel Lacroix, Al Muntaha, Lacroix, “, Josette, Veuve Clicquot, Dom Pérignon, Millau, Lana, Tina Hillier, Krister Bengtsson, it’s, Bengtsson, ” Bengtsson, Jean Imbert, — Organizations: CNN, High Society, United Arab, Michelin, Middle, Gulf, Jordanian, Trèsind, Burj, Star Wine, Arabian, BOCA, Michelin Star, Wine, UAE Locations: Dorchester, Dubai, Emirate, Islam, United Arab Emirates, UAE, East, North Africa, Tel Aviv, Tala, Manama's, Bahrain, Beirut, Giza, Cairo, Ossiano, Atlantis, BOBY, Africa, Emirates, Swedish, Dubai’s, Paris, London , New York, French

☆ A $443,500 Ferrari was stolen in Italy during a 1995 Grand Prix. 28 years later, police got it back.
▼ + stars: | 2024-03-04 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

F1 driver Gerhard Berger's stolen Ferrari F512M was recovered after 28 years. Police believe the car was taken to Japan soon after it was stolen, and then shipped to the UK. AdvertisementA Ferrari stolen from Formula 1 legend Gerhard Berger nearly three decades ago has been recovered by British police. Berger was at the San Marino Grand Prix in Imola, Italy, in April 1995 when his red Ferrari F512M, worth around $443,500, went missing. The 10-time Grand Prix winner witnessed the car being driven away and attempted to chase the thief but could not catch them, The London Evening Standard reported.

Persons: Gerhard Berger's, Ferrari F512M, —, Gerhard Berger, Berger Organizations: Police, UK's Met Police, Service, Formula, British, San Marino, San Marino Grand Prix, Evening, Business Locations: Japan, San Marino Grand, Imola, Italy

☆ Thieves Stole a Formula 1 Driver’s Ferrari. It Turned Up 28 Years Later.
▼ + stars: | 2024-03-04 | by ( Victor Mather | ) www.nytimes.com time to read: 1 min

As a driver on the glamorous, jet-setting Formula One circuit, naturally the Austrian Gerhard Berger drove some serious iron, even away from the track: a red Ferrari 512M Testarossa. So it was very likely with some dismay that he watched his car unexpectedly drive away with someone else behind the wheel. Berger jumped in the path of the car, according to reports at the time, but had to leap out of the way as it zoomed off. He then gamely gave chase in a friend’s Volkswagen Golf, which went about as well as you would have expected it to. The Ferrari was gone.

Persons: Austrian Gerhard Berger, Berger, gamely, Ferrari Organizations: Ferrari, San Marino, San Marino Grand Prix Locations: Austrian, San Marino Grand, Imola, Italy

☆ Lawyers seek nearly $6 billion in Tesla stock after getting Musk pay package struck down
▼ + stars: | 2024-03-02 | by ( David Ingram | Lora Kolodny | ) www.cnbc.com time to read: +4 min

The lawyers had earlier convinced the Delaware chancery court to revoke Musk's $56 billion pay package from 2018, with the judge ruling that Tesla's board of directors failed to prove it was fair to shareholders. The lawyers represent former heavy metal drummer Richard Tornetta, who filed the suit on behalf of his fellow Tesla investors. The lawyers are asking for just over 11% of the Tesla shares that would have gone to Musk, or slightly more than 29.4 million shares. Taking their pay in Tesla shares demonstrates they are prepared to "eat our cooking," the lawyers wrote. Musk's pay package was the largest ever disclosed in corporate America, according to Delaware Chancery Court Judge Kathaleen McCormick's 200-page ruling.

Persons: Elon Musk, BARTOSZ SIEDLIK, Elon, paydays, Richard Tornetta, Greg Varallo, Bernstein Litowitz Berger, Grossmann ., Tesla, Kathaleen McCormick's, Musk Organizations: European Jewish Association, Getty Images, Enron, Musk's, Tesla, Grossmann, Musk Locations: Krakow, AFP, Delaware, New York, America, Texas

☆ Radnet CEO Howard Berger goes one-on-one with Jim Cramer
▼ + stars: | 2024-03-01 | by ( Jim Cramer | ) 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 EmailRadnet CEO Howard Berger goes one-on-one with Jim CramerRadnet CEO Howard Berger joins 'Mad Money' host Jim Cramer to talk health care equipment, quarterly results and more.

Persons: Howard Berger, Jim Cramer

☆ Partnership with Walmart will help enhance breast cancer detection, says Radnet CEO Howard Berger
▼ + stars: | 2024-03-01 | by ( Jim Cramer | ) 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 EmailPartnership with Walmart will help enhance breast cancer detection, says Radnet CEO Howard BergerRadnet CEO Howard Berger joins 'Mad Money' host Jim Cramer to talk health care equipment, quarterly results and more.

Persons: Howard Berger, Jim Cramer Organizations: Walmart

☆ He Rescued 1.5 Million Yiddish Books. Now He Will Have Time to Read Some.
▼ + stars: | 2024-02-27 | by ( Joseph Berger | ) www.nytimes.com time to read: +1 min

Aaron Lansky was a young graduate student in Montreal in the late 1970s when he had an epiphany that changed the course of his life. He had been taking courses in Yiddish literature at McGill University, but was finding it hard to find the books he needed. At times, he relied on older neighbors in Montreal’s vibrant Jewish community who would welcome the opportunity to chat with a young visitor over a cup of tea or a plate of noodle kugel before surrendering their books. As a result, whole libraries filled with works of writers like Sholem Aleichem, I.L. Peretz and Sholem Asch — as well as science and history texts, translations of classics like Shakespeare and Guy de Maupassant, even cookbooks and sex manuals — were being consigned to dumpsters, attics and cellars.

Persons: Aaron Lansky, Sholem, I.L, Peretz, Sholem Asch, Shakespeare, Guy de Maupassant Organizations: McGill University Locations: Montreal, United States, Canada

☆ 10 fascinating facts about Nvidia CEO Jensen Huang, who has a company tattoo and dozens of direct reports
▼ + stars: | 2024-02-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Nvidia cofounder and CEO Jensen Huang is on track to be one of the richest people in the world. Here are 10 surprising facts about Huang, from his Nvidia tattoo to his staggering number of direct reports. AdvertisementJensen Huang, the CEO and cofounder of Nvidia, is leading the charge towards an AI future — with his company making billions. He has a tattoo of Nvidia's logo on his shoulderNvidia founder, president and CEO Jensen Huang displays his tattoo in September 2010. "The more direct reports the CEO has, the less layers are in the company," Huang said during an interview at the 2023 DealBook Summit.

Persons: Jensen Huang, Huang, —, who's, it's, Lori, Chris Malochowsky, Curtis Priem, Robert Galbraith, you've, Fortune, Noah Berger, what's, He's, he'll, Jackie Chan Organizations: Nvidia, Service, Oneida Baptist Institute in, Wired, NPR, Oregon State University, HP, Stanford, New York Times, Wilson Jackets, New Yorker, Yorker, New York Times DealBook Locations: Oneida Baptist Institute in Kentucky, California, Shutterstock

☆ Sunnova CEO tries to reassure rattled investors after stock plunged 26% in worst day since March 2020
▼ + stars: | 2024-02-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The residential solar company Sunnova Energy took a beating this week as investors dumped their shares after the announcement of a stock offering plan rattled confidence in the company. Sunnova shares plummeted 26.7% Thursday after the residential solar company announced a $100 million at-the-market stock offering program. "This is just an arrow in the quiver just in case and the ratings agencies like to see it," Berger told CNBC in an interview Thursday. Residential solar companies have struggled in the face of high interest rates that have made installations more costly to households. Berger and Sunnova CFO Robert Lane described the stock offering as "good housekeeping."

Persons: John Berger, Berger, that's, Sunnova, Robert Lane, Lane, Thursday's selloff Organizations: Sunnova Energy Corp, IHS, Sunnova Energy, CNBC Locations: Houston , Texas, U.S

☆ Dubai has more ‘best’ restaurants than any other in the Middle East, according to the 50 Best list group
▼ + stars: | 2024-02-15 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +3 min

CNN —The 50 Best Restaurants power list has unveiled its 2024 list for the Middle East and North Africa (MENA) — and one city is dominating the rankings. The Middle East & North Africa’s 50 Best Restaurants list was launched in 2022, reflecting the rapid growth of the region’s restaurant scene. With a booming culinary landscape of more than 13,000 eateries, Dubai has dominated the list since its inception, with 15 out of 50 restaurants on the list located in the city for the past two editions. The 50 Best awards has helped “put a spotlight” on the evolving food scene, and by platforming more casual restaurants, they’ve created healthy competition among the city’s many eateries. With ongoing conflict in the Middle East, the organizers decided to forgo a live awards event in the region this year.

Persons: — Mohammad, Wassim, Omar —, we’re, ” Mohammad Orfali, William Drew, Grégoire Berger, Berger, “, they’ve, ’ ”, Maryam, Chef Salam Dakkak, Grams, Jason Atherton Organizations: CNN, Dubai, East Locations: East, North Africa, Amman, Cairo, Tel Aviv, Marrakech, Beirut, Dubai, Ossiano, “

☆ Using this 1 word more often can make you 50% more influential, says Harvard study
▼ + stars: | 2024-02-15 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Berger points to nearly a 50-year-old study from Harvard University, wherein researchers sat in a university library and waited for someone to use the copy machine. They phrased their request in three different ways:"May I use the Xerox machine?" "May I use the Xerox machine because I have to make copies?" "May I use the Xerox machine because I'm in a rush?" "Persuasion wasn't driven by the reason itself," Berger wrote in a book on the topic, "Magic Words," which published last year.

Persons: Jonah Berger, Berger, — Organizations: Wharton School, University of Pennsylvania, CNBC, Harvard University, Xerox

☆ What the latest inflation data means for interest rates
▼ + stars: | 2024-02-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.

Persons: —, Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London

☆ A former Twitter engineer says Elon Musk wrongly fired him for leaking information to the press
▼ + stars: | 2024-02-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Read previewA former engineer at Twitter, now X, says that he was wrongfully fired from his job after being accused of leaking information to the press. Speaking to Zoë Schiffer in her newly released book, "Extremely Hardcore," Lin said that someone lied about him leaking information to the press. So when Elon Musk took over Twitter in October 2022, the engineer was on board. AdvertisementWorkers install lighting on an "X" sign atop the downtown San Francisco building that housed what was formally known as Twitter, rebranded X by owner Elon Musk. Lin still insists that he had no involvement in leaking information, Schiffer writes in the book.

Persons: —, Randall Lin, Zoë Schiffer, Lin, Schiffer, Jack Dorsey, Elon Musk, Noah Berger, I've, Zoë, James Musk, Elon Musk's, Elon Organizations: Service, Twitter, Elon, Business, Twitter's San, Workers Locations: Twitter's, Twitter's San Francisco, San Francisco

☆ Tesla board silent as investors await next steps after Elon Musk's $56 billion pay package revoked
▼ + stars: | 2024-02-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

Antonio Masiello | Getty ImagesTwo weeks after a Delaware court ruled that Tesla must rescind Elon Musk's $56 billion pay package, the company's board remains mum on what the decision means for shareholders or what's next for the mercurial CEO. CNBC sent requests for additional information to Tesla investor relations, Musk and some board members. "Given the high stakes involved, it is likely that Tesla will appeal the decision," Kastiel said in an email. In the absence of a successful appeal, "any new compensation arrangement with him will have to be assessed" in light of McCormick's decision, Kastiel said. Kastiel also said that the decision likely makes Musk and Tesla more vulnerable to other types of lawsuits.

Persons: Elon Musk, Antonio Masiello, Tesla, Chancellor Kathaleen McCormick, Musk, Richard Tornetta, Kimbal, Robyn Denholm, JB Straubel, Greg Varallo, Bernstein Litowitz Berger, Grossmann, Varallo, Kobi, Kastiel wasn't, Kastiel, Eric Talley, Talley, wasn't, He's, Walter Isaacson, CNBC's, you'll, Isaacson, Ann Lipton, Lipton, — Organizations: Tesla Inc, Fratelli, Getty, Elon Musk's, SEC, CNBC, Tel Aviv University, Washington University Law, Nasdaq, Columbia Law School, SpaceX, Tesla, Tulane Law Locations: Italy, Rome, Delaware, Texas, Tesla, Nevada, California

Search resuls for: "" Berger"

25 mentions found