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Just days after the body of Fahim Saleh, a successful tech entrepreneur, was found dismembered in his luxury condomiumium in Manhattan in July 2020, his former personal assistant, Tyrese Haspil, made a series of unsettling web searches. “Fahim Saleh.” “Murder of tech C.E.O. in New York.” “Dismembered body.”The search queries were just some of the chilling details that emerged during Mr. Haspil’s murder trial this month in Manhattan Criminal Court. And on Monday jurors convicted him of stealing hundreds of thousands of dollars from Mr. Saleh — and then killing him and cutting up his body in an effort to conceal what he had done. Mr. Haspil, 25, of Brookyn, is expected to be sentenced on Sept. 10.
Persons: Fahim Saleh, Tyrese Haspil, “ Fahim Saleh, , Haspil’s, Saleh —, Haspil, “ Tyrese Haspil, Alvin L, Bragg, , Saleh’s, Mr, Saleh Organizations: Manhattan Criminal Locations: Manhattan, New York, Brookyn, Saudi Arabia, Poughkeepsie, N.Y, Bangladesh, Nigeria
She told Business Insider she worked 16 hours a day some days and often worked weekends. Rodriguez told BI they'd been working hard on a new project just before being let go. AdvertisementWith her new business, Rodriguez thought she needed to stay in New York to meet clients in person. She took a solo trip to GreeceRodriguez decided to attend a friend's birthday party in Greece in June 2021. She'd never visited the country before and decided to take a 10-day solo vacation to Greece around the party.
Persons: , Marissa Rodriguez, Rodriguez, she'd, Chris Burch, Wonder, Sofia Vergara, Renata Black's, Greece Rodriguez, She'd, New York —, couldn't Organizations: Service, New York University, Business, C.Wonder Locations: Puerto Rico, Manhattan, New York, Greece, America, Athens, there's, New York City
Morgan Stanley initiates Ryder System as overweight Morgan Stanley said the transformation is underway for the transport company. " Morgan Stanley names UnitedHealth a top pick Morgan Stanley said the health-care company is compelling. "With this note, we are adjusting our Top Pick to UNH (from CI), where its relative share price performance presents an opportunity in our view." Morgan Stanley initiates Elevance Health as overweight Morgan Stanley called out Elevance Health's earnings power as it initiated coverage of the stock. " Melius reiterates Apple as buy Melius raised its price target on Apple to $260 per share from $227.
Persons: Jefferies, kingmaker, CARR, Goldman Sachs, Goldman, Morgan Stanley, Ryder, UnitedHealth, Bernstein, Tesla, TD Cowen, TD, it's, Melius, BEV, Eli Lilly, LLY Organizations: Nvidia, Citi, Micron, Carrier, UBS, Anheuser, Busch InBev, IBM, Bank of America, Broadcom, VMWare, CI, Elevance Health, Cherniere Energy, Cheniere Energy Inc, Ally, Barclays, Apple, " Bank of America, Alexa, Reuters, China, JPMorgan, Royal Locations: LLY, Royal Caribbean
Starting Monday, the Minneapolis-based discounter said companies that work with Shopify can apply to join Target Plus, its third-party marketplace. Target's marketplace creates a "halo" and is "an accelerant to the total business," she said. Target Plus has only a tiny fraction of the revenue and sellers of other third-party marketplaces. Sylvester would not say how much of that came from ads bought by Target Plus sellers. Target does not offer fulfillment services, instead relying on Target Plus sellers to store, pack and ship their own goods.
Persons: discounter, Cara Sylvester, Shopify, Sylvester, Target, Ban, Sellers, Doug McMillon Organizations: Target, CNBC, Walmart, Amazon, eBay, Marketplace, Brands Locations: Minneapolis, Walmart's U.S
When the White House chief of staff, Jeffrey Zients, met with dozens of top executives in Washington this month, he encountered a familiar list of corporate complaints about President Biden. The executives at the Business Roundtable, a group representing some of the country’s biggest corporations, objected to Mr. Biden’s proposals to raise taxes. While the meeting was not antagonistic, it was indicative of three and a half years of executive grousing about Mr. Biden. Business leaders have criticized his remarks on “corporate greed” and his appearance on a union picket line. A number of prominent figures in Silicon Valley and on Wall Street — including the venture capitalists David Sacks and Marc Andreessen, and the hedge fund magnate Kenneth Griffin — have grown increasingly vocal in their criticism of Mr. Biden, their praise of former President Donald J. Trump, or both.
Persons: Jeffrey Zients, Biden, , , Lina Khan, David Sacks, Marc Andreessen, Kenneth Griffin —, Mr, Donald J, Trump Organizations: White House, Business, Biden, Federal Trade Commission Locations: Washington, Silicon Valley
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Now, China's tech bosses seem ready to do the same. AdvertisementChina is pushing tech workers even harderChinese tech companies seem willing to take Silicon Valley's efficiency mantra even further. Big names on China's tech scene, like JD.com and Jack Ma's Alibaba, have faced a threat from fast-growing newcomers like Pinduoduo, the sister company of online marketplace Temu. AdvertisementQu left Baidu after her comments were made public, but the ferocity of what China's tech workers are hearing isn't abating.
Persons: , Mark Zuckerberg, Andy Jassy, Meta's Mark Zuckerberg, Richard Liu, Liu, Jack Ma's Alibaba, Pinduoduo, Jack Ma, Wang, Ma's Alibaba, aren't, Qu Jing, Qu, Baidu, isn't Organizations: Service, Business, Financial Times, Bloomberg, China Labor Watch, Baidu Locations: China, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFerrari CEO Benedetto Vigna on EV demand and the 'emotion' of the supercarsRobert Frank sits down for an exclusive interview with Ferrari CEO Benedetto Vigna. They discuss Ferrari's new E-Building, demand for electric cars, Ferrari as a luxury brand, and more.
Persons: Benedetto Vigna, Robert Frank Organizations: Ferrari
The launch of Jain Global has dominated industry gossip since its founder left Millennium Management, where the 53-year-old Jain was Izzy Englander's right-hand man, in late 2022. And more specifically, scalability without incremental cost," Jonathan Barton, the firm's chief operating officer, said in an interview with BI. Starting from a clean sheet of paper gave Jain Global certain advantages, said one senior banker who worked closely with the new manager as it built out its teams and systems. 3Forge, a specialty-software provider, worked with Jain Global to build the interface that connects all the systems for PMs, the risk team, and management. In five to 10 years, Jain Global hopes it won't need a sprawling business-development function because a strong talent pipeline will have developed inside the firm.
Persons: , Bobby Jain's, Jain, Izzy Englander's, It's, Morgan Stanley, Griffin's, Steve Cohen's Point72, Michael Gelband's, redemptions, Jonathan Barton, Barton, — Barton, it's, Bobby, Paul Enright, Sam Kellie, Smith, David Hochberg, Enright, Hochberg, there's, Jon Caplis, Caplis, they're Organizations: Service, Jain Global, Millennium Management, Business, UBS, Citadel, Bank of America, Meru Capital Group, Jain, Credit Suisse, Viking Global, Macquarie, Investors, Bloomberg Locations: Singapore, Balyasny, New York, Houston, London, Hong Kong, York, Lane, Meru, Asia, PivotalPath
Ferrari's all-electric model won't be launched for over a year, but early tests prove it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna. "More people have started to drive our electric Ferrari, and they have a good feeling. Little is known about the electric model, since it's not scheduled for launch until the fourth quarter of 2025. "When you're talking about the Ferrari experience, the driving traits in a car, you're talking about having a unique emotion when you're in the car. He said Ferrari will continue offering customers the choice of internal combustion engines and hybrids alongside the electric model.
Persons: Benedetto Vigna, Vigna, Ferrari, it's Organizations: CNBC, Ferrari Locations: Maranello, Italy
How Support for Britain’s Conservative Party is Collapsing2024 polls suggest the Conservatives may lose most of their seats. Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. 3% Other Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. 3% Other Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. How party support has changed since the 2019 election Conservative party Conservative support has dropped across the board, even among older voters who formed their base.
Persons: Mori, Ipsos Mori, Survation YouGov Ipsos Mori, Nigel Farage, Rishi Sunak’s, Liz Truss, David Cameron, pollsters, , Keir Starmer, It’s, Starmer, Boris Johnson, Farage, , Will Jennings, ” Mr, Jennings Organizations: Britain’s Conservative Party, Conservatives, Labour, Conservative, Health, Crime Defense, Housing Education Education Brexit Defense, Welfare, National Health Service, Liberal Democrats, Greens, Conservative Party, Bristol Central, Green, Labour Conservatives S.N.P, Dems, Greens Plaid Cymru Reform, Northern Ireland, Northern, Brexit, University of Southampton, Locations: British, Britain, YouGov, Russia, Europe, Britain’s, Israel, Gaza, England, Northern Ireland, Midlands, England's, London
Prosus full-year core headline earnings jump 84%
  + stars: | 2024-06-24 | by ( ) www.cnbc.com   time to read: 1 min
In this photo illustration a Prosus logo is seen on a smartphone and a pc screen. Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday. Its core headline earnings were $5.0 billion, compared with $2.7 billion a year earlier, the company said. The company recently appointed the head of its food delivery business iFood as its new CEO effective from July. The group's free cash-flow roughly tripled year-on-year to $524 million, also helped by e-commerce and the performance of its key investment, Chinese tech giant Tencent.
Persons: Ervin Tu
Opinion | Should Social Media Come With Warning Labels?
  + stars: | 2024-06-24 | by ( ) www.nytimes.com   time to read: 1 min
To the Editor:Re “Social Media Platforms Need a Health Warning,” by Vivek H. Murthy, the U.S. surgeon general (Opinion guest essay, June 18):Dr. Murthy makes a compelling case for social media warning labels and offers parents sound suggestions for protecting their kids from toxic content. An entire generation of children is growing up watching their parents, older siblings and other family members glued to their phones, posting pictures, sharing memes, debating politics and doomscrolling day and night as life passes them by. Consistently modeling the behavior they’d like to see in their kids would circumvent even the most powerful algorithms and make parents the ultimate social media influencers. The writer is president and C.E.O. of the Family and Children’s Association.
Persons: Vivek H, Murthy, Jeffrey L Organizations: Reynolds Garden, Children’s Association Locations: U.S, Reynolds Garden City, N.Y
Read previewWhen Rudy Giuliani filed for bankruptcy late last year, it gave him some room to breathe. They all flowed into a federal bankruptcy court, where creditors could negotiate for whatever funds the aging former New York City mayor had left. But if the judge were to agree with the creditors and appoint a Chapter 11 bankruptcy trustee, Giuliani would lose control of his own financial life. AdvertisementA bankruptcy trustee would control all of Giuliani's assets and would be able to sell his two homes unimpeded. Giuliani's creditors have formed a supergroup to try to dig into his finances.
Persons: , Rudy Giuliani, Sean H, Lane, Giuliani, hasn't, mismanaging, Eric Snyder, Wilk Auslander, They've, Ruby Freeman, Shaye Moss, Noelle Dunphy, Akin Gump, Freeman, Moss, Joe Biden, didn't, TrustPoint, Smartmatic, Jacquelyn Martin, Donald Trump, Snyder, Maria Ryan, Rudy Giuliani's, Ryan couldn't, Matt Rourke Giuliani, John Catsimatidis, Biden, Barrett Prettyman, Shane Moss, Drew Angerer, isn't Organizations: Service, Systems, Business, New, New York City, Department, Dominion, Giuliani, Trump's Saving America, Rudy's, Towers Foundation, Giuliani Communications, Republican, Trump, AP, WABC, America's, Washington , DC Locations: New York, New York City, Florida, Georgia, Smartmatic, WASHINGTON, DC, Washington ,, Fulton County, Fulton, Arizona
Insider Today: CEOs in Training
  + stars: | 2024-06-23 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
But first: On the ground at Cannes Lions, aka summer camp for the ad industry. The promenade at the Cannes Lions festival in 2023. Tristan FewingsThis week's dispatchThe biggest names in marketing made for the south of France last week for the annual Cannes Lions festival. Meet Business Insider's most innovative CMOs of 2024. The program places MBAs in leadership positions at companies within just a few weeks, and promises to turn them into CEOs in a few years.
Persons: , Goldman Sachs, Tristan Fewings, Lara O'Reilly, Julia Hood, Megan Rapinoe, Sue Bird, I'm, Jason, Travis Kelce, Taylor Swift, Jimmy Simpson, Jenny Chang, Rodriguez, It's, Brian Ach, Tyler Le, Andy Sieg, Merrill Wealth, Sieg, Jeff Bezos, Paul Souders, Devon Price Organizations: Service, Business, Cannes Lions, Yahoo, Spotify, Sport, BI, Amazon Locations: France, Sport Beach, Seattle , Washington
In European Parliament elections this month, voters in most of the European Union’s 27 countries rallied to parties that hold the union in contempt. Analysts have leaped to the conclusion that the European Union must have done something wrong. In Germany, where a hard-right party anchored in the formerly Communist East got more votes than any of the three governing parties, voters cited highhanded energy policies. But the European Union’s governing machinery in Brussels is never where voters’ hearts and hopes are. The union is looking more and more like one of those 19th- and 20th-century projects to universalize the un-universalizable, like Esperanto.
Persons: Emmanuel Macron Organizations: European Union, Communist Locations: France, Germany, Communist East, Brussels, Esperanto
The Federal Bureau of Investigation is offering an award for information about two wildfires in southern New Mexico that left two people dead, prompted the evacuation of thousands and scorched more than 24,000 acres. The agency is offering up to $10,000 for information leading to the arrest and conviction of the “person or persons responsible for starting the fires” near the village of Ruidoso, N.M, the agency said in a statement. asked for the public’s help in identifying what sparked the blazes. Margot Cravens, a spokeswoman for the F.B.I.’s field office in Albuquerque, declined to comment on Sunday evening but confirmed that the agency was assisting with the investigation. The South Fork and Salt fires began on June 17 amid sweltering temperatures and were still burning on Sunday evening.
Persons: Margot Cravens Organizations: Federal Bureau of Investigation, Mescalero Apache, U.S . Forest Service Locations: New Mexico, Ruidoso, Albuquerque, U.S
Sure enough, the next day began a historic ascent of Apple stock, an in-your-face rally that many thought made no sense. There's a coalescence of two themes, high speed, accelerated computing and increasingly intelligent AI, and neither works without Nvidia chips. I know that it seems impossible to ponder Nvidia's stock going any higher or passing Apple and Microsoft and staying ahead of it. Ask yourself, does any company match Jensen and Nvidia right now? I say let others be baffled over the Apple versus Microsoft versus Nvidia conundrum.
Persons: WWDC, Tim Cook, Tim, Claude, hasn't, Moore, Elon Musk, Nvidia's, Jensen Huang, Jensen, Ben Franklin, Franklin, Da Vinci, — Jensen, Steve Jobs, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Apple, Developers, Microsoft, Club, Dell, HP Inc, PC, Micron, Nvidia, Computers, Intel, AMD, Pentium, Taiwan Semiconductor Manufacturing Co, Franklin Institute, Oracle, Google, GTC Conference, Cisco, Jim Cramer's Charitable, CNBC Locations: Philadelphia, Rome, Jensen
Then Apple’s “By the Seaside” alarm sound went off. Moktan chose the jaunty, cheerful tune available as a ringtone and alarm on many of Apple’s devices, thinking that the song’s easygoing melody would make waking up a peaceful experience. Gyaltsen Moktan, a 26-year-old English teacher in Tokyo, says that "By the Seaside" reminds him of horror movie music. Courtesy Gyaltsen Moktan“By the Seaside” is perhaps Apple’s most polarizing alarm and ringtone, evoking comparisons to nails on a chalkboard, the word “moist” and screaming children on a plane. Boston Flake, a 15-year-old high school student in Utah, is in a love-hate relationship with the controversial alarm tune.
Persons: Gyaltsen Moktan, Moktan, , Gyaltsen, Carlos Xavier Rodriguez, Levi Hutchins, Antoine Redier, Seth Thomas, Boston, I’ll, ” Apple, Rodriguez, There’s, Rodrigo, Adele, Ryan Meadows, Krystal Roxas, Roxas, , ” Moktan, Bill Withers, Grover Washington, Jr’s “ Organizations: New, New York CNN, YouTube, University of Michigan School of Music, Theatre & Dance, Boston, Showbiz, CNN Locations: New York, Tokyo, Japan, , knocker, Britain, United States, Concord , New Hampshire, French, Utah, San Bruno , California
Big Tech companies are pouring billions of dollars into building data centers to train it. The AI Value ChainAccording to UBS, investors should approach the overall AI industry as three interconnected layers: enabling, intelligence, and application. By understanding the major players in the AI space and investing in the most critical parts of the AI value chain, according to UBS. The bank predicts that the AI landscape will be marked by "vertically integrated" and "monolithic" firms with the scale to reach across the AI value chain. However, its stock hasn't seen the price appreciation that domestic tech companies have, suggesting that there's ample room for valuations to expand.
Persons: Ulrike Hoffmann, UBS's Organizations: Service, Apple, Big Tech, UBS, Business, Nvidia, Dell, Broadcom Locations: China
CNN —Sometimes documentaries get all they need from the subject, and in the case of “Stevie Van Zandt: Disciple,” the who’s who of musical luminaries in his orbit don’t hurt either. When Van Zandt mentions the seminal experience of seeing the Beatles on Ed Sullivan’s show, it’s almost immediately followed by an interview with Paul McCartney. Ditto for other singers that Van Zandt mentions, like Dion DiMucci, Darlene Love and Gary U.S. Bonds. James Gandolfini and Stevie Van Zandt in "The Sopranos." “Stevie Van Zandt: Disciple” premieres June 22 at 8 p.m.
Persons: Stevie Van Zandt, Steven Van Zandt’s, Bruce Springsteen’s, , , ” plucks, Van Zandt’s, Springsteen, Van Zandt, Leonard Peltier, there’s, David Chase, ” Chase, Ed Sullivan’s, Paul McCartney, Ditto, Dion DiMucci, Darlene Love, Bonds, James Gandolfini, Bruce Springsteen, Tony Soprano Organizations: CNN, Gary U.S, HBO, Little, Warner Bros . Locations: New Jersey, South Africa, USA, Asbury Park
Earlier in June, a young couple was rescued on a hiking trail in the California desert after running out of water and becoming dehydrated. Prepare for a hot hike ahead of timeWhether it’s hot or cool, you should be in reasonable shape before tackling any hike. You can do so by taking short, easy hikes in warm weather, progressing up to longer, more difficult hikes in hot weather. You should carry plenty of water when hiking no matter the season, but especially during hot weather. When in doubt, turn around“If you start your hike and think it’s too hot, it’s too hot,” Martinez said.
Persons: Dr, Floris Wardenaar, ” Wardenaar, ” Martinez, , Teresa Ana Martinez, Abe Christian, ” Christian, Martinez, you’re, ‘ I’ve, ’ ” Melanie Radzicki McManus Organizations: CNN, KTLA, Big, Arizona State University, Coalition, FG, Florida Trail Association, Skin Cancer, CNN’s Locations: California, Los Angeles, Texas, Gulch, Phoenix, Mexico, Canada, New Mexico, Florida, Fort Pickens,
"[It's] the first car-free neighborhood built from scratch in the U.S.," Ryan Johnson, CEO of Culdesac tells CNBC Make It. Mickey Todiwala. Mickey Todiwala. Mickey Todiwala. Mickey Todiwala.
Persons: Jada Stratman, Ryan Johnson, They're, Mickey Todiwala, I've, I'm, Stratman, who's Organizations: Culdesac, CNBC Locations: U.S, Tempe , Arizona, Culdesac
The Seine River is too polluted for swimming events at the Paris Olympics, city officials said. Paris invested $1.5 billion to clean the Seine, but heavy rainfall increased pollution levels. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDespite a massive cleanup effort, Paris' Seine River remains too polluted to host swimming events for the upcoming Olympic Games, city officials have said. "Samples from the Seine do not meet the standards we will have this summer," Paris region official Marc Guillaume added on Friday.
Persons: , Marc Guillaume Organizations: Paris, Service, AFP, Business Locations: Paris, Seine
On Monday, the federal judge overseeing the case will hold a hearing for both parties to present their arguments over the proposed gag order, and tensions between the two sides could quickly rise. Citing Trump’s continued mischaracterization of the FBI’s policy in place around the use of deadly force during the search, prosecutors say Trump’s false claims that he nearly escaped death from federal agents could lead to threats and harassment against them. Trump was in New York when agents searched the Florida estate. “Shortly after the execution of the search warrant at Mar-a-Lago, one of Trump’s supporters carried out an armed attack on an FBI office in the wake of Trump’s Truth Social statements regarding the search,” prosecutors wrote. Trump is welcome to make such comments to his heart’s content — they are simply not the Government’s concern.”
Persons: Donald Trump, Trump’s, Trump, , Hunter Biden, , Trump boastfully, Prosecutors, Jack Smith Organizations: CNN, Prosecutors, Trump, FBI, Government, Biden Administration, Department of Justice Locations: Lago, New York, Florida, Mar
How Gen-Z buyers are changing the bridal fashion business
  + stars: | 2024-06-21 | by ( Yola Mzizi | ) edition.cnn.com   time to read: +9 min
A bridal look from Collina Strada, presented at New York Fashion Week in September 2022. Aurora Rose/ShutterstockA bridal look from Sandy Liang, presented at New York Fashion Week in February 2023. Avalon/dpa/picture alliance/Sipa USAMillennial and Gen-Z brides-to-be like de Quesada are no longer shopping for just a wedding dress, but an entire wardrobe for pre- and post-wedding events. That breadth is propelling the global bridal wear market, which is projected to grow at a rate of 3.5 percent annually and is expected to reach $83.5 billion by 2030, according to the Global Bridal Wear Market Industry report. Efren Landaos/Sipa USAFor an emerging designer like Wiederhoeft, bridal is something of a safety net, serving as “a floating line of credit” for the rest of their business.
Persons: , Christyne de Quesada, ” de Quesada, , ShuShu Tong, Vera Wang, Gabriella Arango, Gucci, Collina Strada, Aurora Rose, Sandy Liang, de Quesada, it’s, , Caroline Crawford Patterson, Dua Lipa, Simon Porte Jacquemus, Marco Maestri, Arnold Jerocki, Crawford Patterson, Anthropologie, It’s, Jackson Wiederhoeft, Wiederhoeft, “ It’s, Efren, Millennials, Hillary Taymour, Taymour, JP Yim, Andrew Kwon's, Rodin, Andrew Kwon, Kwon, Brigitte Chartrand Organizations: The, Fashion, CNN, New York, Avalon, Cion Investment Corp, Abercrombie, Fitch, Census Bureau, Pew Research Center, Designers, ” Retailers, Ssense Locations: Venice, Italy, Mexico City, Miami, Shanghai, Florida, Dua, Charleval, France, New York, New, New York City, , Ssense
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