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☆ Elon Musk says he won't vote for Biden over Trump, calls Haley 'pro-censorship'
▼ + stars: | 2023-11-29 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Photographer: Tolga Akmen/EPA/Bloomberg via Getty ImagesElon Musk said Wednesday that he won't vote for President Joe Biden in the 2024 election, even if former president Donald Trump is the Republican nominee. "I would not vote for Biden," Musk said during a wide-ranging interview with Andrew Ross Sorkin at the DealBook Summit in New York. When asked what he'd do if those were the two nominees, Musk said, "This is definitely a difficult choice here." When asked if he could support Nikki Haley among the Republicans, Musk said no and described the former South Carolina governor as a "pro-censorship candidate."

Persons: Elon Musk, Rishi Sunak, Sunak, Tolga, Joe Biden, Donald Trump, Biden, Musk, Andrew Ross Sorkin, I'm, Barack Obama's, hasn't, Ron DeSantis, Vivek Ramaswamy, Sorkin, Ramaswamy, Nikki Haley Organizations: Tesla Inc, Bloomberg, Getty, Republican, Trump, Democratic Party, Florida, Republicans, South Locations: London, New York, South Carolina

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The rebound in equities in November has brought the S&P 500 (.SPX) close to its highest intra-day level this year. "We are headed for a mixed session today...maybe something like profit taking at the beginning and then just a leveling off."U.S. The S&P 500 retail sector (.SPXRT), housing Amazon, rose 0.5%. The S&P index recorded 7 new 52-week highs and no new lows, while the Nasdaq recorded 34 new highs and 18 new lows.

Persons: Brendan McDermid, Elliott, Peter Cardillo, Jerome Powell, advancers, Shristi Achar, Saumyadeb Chakrabarty Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Spartan Capital Securities, Walmart, Reuters, Fed, Dow Jones, Crown, Elliott Investment Management, GE HealthCare, UBS, NYSE, Thomson Locations: New York City, U.S, Bengaluru

☆ Asia stocks swing lower, gold climbs as oil slips
▼ + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

One mover was gold, which climbed to $2,009.87 an ounce and briefly hit a six-month top of $2,017.82. S&P 500 futures eased 0.2% and Nasdaq futures lost 0.4%. "Indeed, this message of patience is likely to be notable in upcoming DM policy communications in response to recent financial market developments." Markets priced in 80 basis points of U.S. easing next year, and around 82 basis points for the ECB. Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December.

Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Stephen Coates Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, CBA, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia, OPEC

☆ Asia stocks turn lower, gold jumps as oil slips
▼ + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

S&P 500 futures eased 0.2%, and Nasdaq futures lost 0.4%. That in turn has been a drag on the dollar which has lost 3% on a basket of major counterparts this month . Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December. "Saudi Arabia and OPEC+ faces a challenge in convincing markets that it can help keep oil markets tight in 2024," wrote commodity analysts at CBA in a note. "OPEC+ will have to show significant supply discipline, or at least jawbone such ability, to alleviate market worries of a deep surplus in oil markets next year."

Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Stephen Coates Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, Australian, CBA, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia, OPEC

☆ Asia stocks steady ahead of inflation tests, OPEC+ meeting
▼ + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

The approach of month end could also cause some caution given the hefty gains investors are sitting on. "Indeed, this message of patience is likely to be notable in upcoming DM policy communications in response to recent financial market developments." Markets priced in almost 90 basis points of U.S. easing next year, and around 83 basis points for the ECB. The oil market faces a tense few days ahead of a meeting of OPEC+ on Nov. 30, a meting that had originally been slated for Sunday but was postponed as producers struggled to find a unanimous position. Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December.

Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Christopher Cushing Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia

☆ Morning Bid: Markets turn risk-averse after bumper month
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Staff Acquire Licensing RightsA look at the day ahead in European and global markets from Wayne Cole. Most regional share markets are modestly lower, as are Wall Street and European futures. Data on EU inflation is also due Thursday, along with measures for Germany and Spain. Core EU inflation is forecast at 3.9%, the lowest since the middle of last year. If realised, this will support market wagers of no more rate hikes, and policy easing in 2024.

Persons: Wayne Cole, Asia, hasn't, Brent, Jerome Powell, Christine Lagarde, Edmund Klamann Organizations: REUTERS, Staff, Treasury, China PMI, Japan's Nikkei, Federal, Core, Fed, ECB, European Central Bank, EU, Economic, Monetary Affairs, Parliament, CBI, Thomson Locations: Frankfurt, Germany, Wayne, China, Saudi Arabia, Spain

☆ Harris tells CNN that she and Biden will ‘have to earn our reelect’ as president struggles with younger and Black voters
▼ + stars: | 2023-11-19 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +16 min

Vice President Kamala Harris, confronted with those same polls, is much less dismissive. Overall, Biden and Harris hold similar approval ratings, but Harris’ ratings among these key subgroups have varied, suggesting views of the vice president are not as deeply entrenched. Austin Davis, a 34-year-old African American in one of the target demographics the Biden campaign is desperate to improve with, in a state the president needs to carry. “I think we’d be having a way different conversation if it were two White males as president and vice president,” Henson said. “President Biden is wise, knowledgeable, tested – she’s passionate and seasoned,” said Tucson Mayor Regina Romero, who just won a second term in the second largest city in battleground Arizona.

Persons: Joe Biden, Donald Trump, Kamala Harris, “ We’re, ”, Biden, Harris, Harris’s, ‘, Jim Clyburn, Austin Davis, Lavora Barnes, Trump, – “, Mike, –, TikTok influencers, I’ve, ” Harris, Louis, Donna Brazile, “, it’s, gettable, ’ ”, Rozia Henson, ” Henson, Roy Cooper, Dobbs, Cooper, Harris “, ” Quentin Fulks, ” Fulks, Harris ’, she’s, wasn’t, Daniele Monroe, Moreno, Monroe, Kamala, ” Monroe, White, Tucson Mayor Regina Romero Organizations: CNN, Air Force, Democratic, New York Times, The Times, Biden, Wing, slivers, “, South Carolina Rep, Gov, Democratic Party, West Wing, ”, Democratic National Committee, Black, Democratic women’s, –, Trump, ” North Carolina Gov, Republicans, South, White, APEC, state’s Democratic Party, Irish, College of Southern, Tucson Mayor Locations: South Carolina, Siena, Wilmington , Delaware, Pennsylvania, Michigan, Ukraine, Israel, St, Virginia, ”, Raleigh, “, Washington, Gaza, Nevada, Scranton, United States, College of Southern Nevada, Arizona, America

The White House on Friday lashed out at Elon Musk for promoting "Antisemitic and racist hate" after the Tesla CEO and X Corp. owner said he agreed with a social media post accusing "Jewish communities" of pushing "hatred against whites." Musk, responding on X, wrote that that post "said the actual truth." Bates appeared to be referring to the mass murder at the Tree of Life Synagogue in Pittsburgh in 2018, in which 11 people were shot to death by a gunman who expressed a belief in the antisemitic "white genocide" conspiracy theory. "We condemn this abhorrent promotion of Antisemitic and racist hate in the strongest terms, which runs against our core values as Americans," Bates said. Spokespeople for Tesla and X did not immediately respond to CNBC's requests for comment on the White House's statement.

Persons: Elon Musk, Rishi Sunak, Andrew Bates, Bates, " Bates, Musk, Jonathan Greenblatt Organizations: Tesla Inc, Elon, X Corp, Synagogue, Defamation League Locations: London, Pittsburgh, Israel, America

While key issues like U.S. sanctions on chip exports remain unresolved, Chinese state media is now striking a different tone, focusing on Xi's smile during past trips to Iowa, fireside chats with its residents, and sharing chocolates with Biden. With official ties still strained, Chinese state media has focused on relations between the people and emphasised the potential for cooperation and importance of the summit for the Asia-Pacific region. Gary Dvorchak, an Iowan considered by Xi an old friend of China, said Xi's fondness for Iowa was genuine but that the Chinese leader also used his ties to the state for propaganda value. “It humanises him and it gives him an ability to show a connection to the American people and bypass the American media,” said Dvorchak. On the Weibo Chinese microblogging site, the most popular hashtag on Thursday still harked back to tension over Taiwan: "China must be and will be reunified."

Persons: Xi Jinping, Carlos Barria, Joe Biden, Xi, Biden, Li Mingjiang, Iowans, Gary Dvorchak, ”, Dvorchak, Albee Zhang, Michael Martina, Greg Torode, Robert Birsel Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, REUTERS, Rights, U.S, Rajaratnam School of International Studies, Xinhua, Weibo, Thomson Locations: Asia, San Francisco , California, U.S, Rights BEIJING, California, Iowa, Taiwan, China, Singapore, Pacific, Xinhua, Beijing, Washington, Hong Kong

☆ Morning Bid: 'Not confident' Powell drags markets lower
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +3 min

Since the Fed left rates unchanged last week, markets had increasingly grown confident that the peak in U.S. rates was in sight. But up stepped Powell to squash any hopes of an impending rate cut. "[The Fed] is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2% over time," Powell said. That led stocks lower, with MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) skidding 1% to their lowest in a week. The rise in yields boosted the dollar, which is headed for its best week against the yen in three months.

Persons: Jerome Powell, Kevin Lamarque, Ankur Banerjee, Powell, Christine Lagarde, Walt Disney, policymaker Joachim Nagel, SNB's Thomas Moser, Edmund Klamann Organizations: Monetary Fund's, REUTERS, Ankur, European bourses, Treasury, Industrial, Commercial Bank of China's, U.S . Treasury, Reuters, Thomson Locations: Washington , U.S, Asia, Pacific, Japan, European, U.S, Commercial Bank of China's U.S, Norway, Sweden

Federal Trade Commission (FTC) Chair Lina Khan testifies before a House Judiciary Committee hearing on "Oversight of the Federal Trade Commission," on Capitol Hill in Washington, U.S., July 13, 2023. Surrounded by tech workers and VC investors in San Francisco, Khan reiterated her focus on artificial intelligence, an area her agency has been tasked with looking into by President Joe Biden's executive order this week. "We’re very much focused on using our laws to protect everybody: Consumers, but also workers," she said in a standing-room-only nightcap appearance in San Francisco on Thursday. Big Tech companies, particularly Amazon (AMZN.O) and Meta, view Khan, who rose to prominence after publishing a 2017 academic article pointing to Amazon’s practices as anticompetitive, as an impediment. Reporting by Krystal Hu and Greg Bensinger in San Francisco; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Lina Khan, Kevin Wurm, Khan, Kahn, Joe Biden's, he'd, “, Krystal Hu, Greg Bensinger, Jamie Freed Organizations: Federal Trade Commission, REUTERS, FRANCISCO, Federal Trade, Big Tech, D.C, Mission, Stanford University, Meta, Republican, Activision, Thomson Locations: Washington , U.S, Silicon, New York, San Francisco

☆ Sam Altman warns AI could kill us all. But he still wants the world to use it
▼ + stars: | 2023-10-31 | by ( Samantha Kelly | ) edition.cnn.com time to read: +10 min

New York CNN —Sam Altman thinks the technology underpinning his company’s most famous product could bring about the end of human civilization. As many as 300 million full-time jobs around the world could eventually be automated in some way by generative AI, according to Goldman Sachs estimates. Challenges aheadWhen starting OpenAI, Altman told CNN in 2015 he wanted to steer the path of AI, rather than worrying about the potential harms and doing nothing. OpenAI CEO Sam Altman addresses a speech during a meeting at Station F in Paris on May 26. Sam embodies that for AI right now.”The world is counting on Altman to act in the best interest of humanity with a technology by his own admission could be a weapon of mass destruction.

Persons: Sam Altman, OpenAI’s ChatGPT, Altman, ChatGPT, Goldman Sachs, ”, Patrick Semansky, ‘ Kevin Bacon, Mairo, ” Altman, Kamala Harris, Joe Biden, OpenAI, Elon Musk, Kyunghyun Cho, JP Lee, Greg Brockman, SeongJoon Cho, Kevin Bacon, Aaron Levie, “ I’ve, he’s, ” Levie, Bern Elliot, “, Rowan Curan, Forrester, –, Biden, Joel Saget, Emily Bender, Margaret O’Mara, O’Mara, Gates, Jobs Organizations: New, New York CNN, World Economic, Privacy, Technology, Capitol, Silicon, White House, New York University, Softbank Ventures, Bloomberg, Getty, CNN, Gartner Research, Israeli Defense Force, University of Washington, Laboratory Locations: New York, Washington ,, Washington, Valley, Silicon, Silicon Valley, Milan, Italy, Softbank Ventures Asia, Seoul, South Korea, Big Sur, Paris, AFP, Manhattan

☆ Inside Citadel Securities' six-week-long training for newbie traders, where playing poker and learning to fail are part of the job
▼ + stars: | 2023-10-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

Citadel, a hedge fund, and Citadel Securities, its sister market-making firm, were founded by billionaire Ken Griffin in 1990 and 2002. This work-hard, play-hard culture is evident in the firms' training of new employees, including its most junior ranks. They also had a Q&A with Peng Zhao, the CEO of Citadel Securities, who touched on how to prioritize time and find ways to be a leader, among other topics. The training program hasn't always been quite this involved. Fan lives in New York and will be based in Citadel Securities' Manhattan office.

Persons: onboarding, Ken Griffin, Griffin, Pete Becker, PATRICK T, FALLON, Peng Zhao, hasn't, It's Becker's, Becker, Joe DeNotta, Olivia Fan, Olivia, DeNotta, would've, It's, Pete, Andrew, We'll, We've, They're, Fan Organizations: Citadel Securities, Disney, Citadel, New York Stock Exchange, Getty, Harvard, MIT Locations: Midtown, New York, Manhattan

☆ How Bank of America trains young grads to work with its richest clients
▼ + stars: | 2023-10-26 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

The private bank division, which has $573 billion in client assets, hired 47 analysts this past summer, up 75% from last year. "That's been feedback from years past," said Miller, who oversees talent development for the private bank. Analysts start client-facing work after five weeks of trainingPrivate bank trainees start with a five-week orientation. The last three weeks focus on the operations of the private bank, and executive leaders come in to meet the analysts. For the first rotation, analysts shadow top private bank advisors.

Persons: isn't, Bank of America's Jennifer Loughlin Miller, Miller, John F, headcount, It's Organizations: of America, Bank of America, Bank of America's, Kennedy Presidential Library, Bank of Locations: New York City, Boston

☆ College jocks earn as much as $220,000 more than their less sporty peers over their career, study shows
▼ + stars: | 2023-10-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

College jocks actually become more successful and wealthy than their nerdy peers, a new study finds. Turns out, sporty students earn 3.4% more in their lifetimes and bring home $220,000 more in wages. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The study found that college athletes earned 3.4% more over their careers than non-athletic students and are likely to bring home $220,000 more in cumulative wages, the report said. College athletes were even more likely to be endorsed for management, leadership, and strategic planning skills on LinkedIn, per the study.

Persons: —, NBER, –, They're, Walter Robb, Brian Moynihan, Meg Whitman, Andy Jassy, Jassy, There's, there's Organizations: National Bureau of Economic Research, Ivy League, Service, College, LinkedIn, Stanford University's, Bank of America, Brown University, Hewlett, Packard, Princeton University

☆ This CEO says 'work-life balance is a lie.' Instead, she lives her life 'like a diversified portfolio.'
▼ + stars: | 2023-10-20 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

The CEO of Fortune 500 company TIAA explained why she gave up on work-life balance. She once felt like she was "failing as a mother" because she couldn't always be there for her children, Duckett said in a July interview with Essence Magazine. AdvertisementAdvertisementBut, instead of trying to give her all to everyone, Duckett told Murray that she now lives her life "like a diversified portfolio." The Amazon founder said workers should focus on work-life harmony instead of balance if they hope to fulfilled at the office and at home. Instead of carving out time for the important things in life, they've opted for a more chilled approach to working.

Persons: TIAA, Thasunda Brown Duckett, Duckett, —, she's, Alan Murray, couldn't, Murray, I'm, Jeff Bezos, Bezos, they've, She's Organizations: Fortune, Service, Essence, TIAA

REUTERS/Wu Hong/Pool/File Photo Acquire Licensing RightsMOSCOW/BEIJING, Oct 16 (Reuters) - Russian President Vladimir Putin will travel to China this week to meet Xi Jinping, the Kremlin chief's first trip outside the former Soviet Union this year. What are the five things to watch for at the meeting? Li was sanctioned by the U.S. in 2018 for an arms deal he secured with Russia in an earlier role. Xi also awarded Putin a friendship medal in 2018, saying that "Putin is my best close friend". Putin said in March that he had invited Xi to his private apartment in the Kremlin.

Persons: Xi Jinping, Vladimir Putin, Wu Hong, Li Shangfu, Li, General Liu Zhenli, Putin, Xi, Alexei Miller, Igor Sechin, Maxim Reshetnikov, Guy Faulconbridge, Alison Williams Organizations: Xiamen International Conference and Exhibition Center, REUTERS, Kremlin, Russia, People's Liberation Army, PLA, U.S . Department of Defence, China, United, Gazprom, Reuters, Thomson Locations: Russian, Xiamen, Fujian Province, China, MOSCOW, BEIJING, Soviet Union, U.S, Russia, Xiapu, Ukraine, United States, India, Moscow, Kremlin, Siberia, Mongolia, Asia, Germany

☆ Your boss wants you to know how to use AI — but don't worry, you don't have to be an expert
▼ + stars: | 2023-10-06 | by ( Madison Hoff | Phil Rosen | ) www.businessinsider.com time to read: +4 min

That could mean "shedding some of the routine tasks that prevent you from doing more interesting work," she said, or it could mean using generative AI to help with summarizing information. To that point, Sinclair Schuller, the co-founder of Nuvalence, a consulting firm that uses generative AI, said the nascent technology is on the fast-track to widespread adoption in the workplace. But even as employers rush to adopt AI tool, there are deep concerns over the impact AI might ultimately have on society. A 2022 survey from Pew shows mixed results from US workers on whether they think AI will help or hurt them in the workplace over the next 20 years. He clarified that this doesn't mean these jobs are necessarily more likely to vanish, but they could be susceptible to big changes.

Persons: —, ChatGPT, WallStreetZen, Karin Kimbrough, there's, Kimbrough, Masayoshi, Sinclair Schuller, upskilling, Schuller, Chris Hyams, Hyams Organizations: LinkedIn, Service, Pew Research Center, Pew

☆ Mark Cuban wants to give you personalized advice for free now—here’s how to get it
▼ + stars: | 2023-09-29 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Billionaire entrepreneur and investor Mark Cuban gives out plenty of public advice, from his musings on ABC's "Shark Tank" to his own TikTok account. It's primarily intended for entrepreneurs who want advice: Cuban initially created it just for his portfolio companies before realizing its broader appeal, he says. Cuban's advice network currently requires a free subscription to join. He hopes the advice network will introduce him to new ideas, too. Join the free CNBC Make It: Your Money virtual event on Oct. 17 at 1 p.m.

Persons: Mark Cuban, Falon Fatemi, It's, Cuban, TikToker Bobbi Althoff's, Ansley Carlisle, — Organizations: MCC, Cuban, CNBC, CompuServe, Yahoo, Forbes Locations: Dallas

☆ Hedge fund legend Ray Dalio warns the US will suffer a 'debt crisis' - and predicts an economic slump
▼ + stars: | 2023-09-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Ray Dalio is worried about America's borrowing binge and economic growth cooling. Dalio has previously flagged interest rates, civil unrest, and geopolitical tensions as concerns. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementRay Dalio rang the alarm on the ballooning federal debt, and warned the US economy is set to slump, in a CNBC interview on Thursday. Dalio, an official mentor to Bridgewater's three co-chief investors, cautioned the mountain of federal debt and other challenges could mean US growth dwindles to zero.

Persons: Ray Dalio, Dalio, — Organizations: Service, CNBC, Bridgewater Associates, Association, Federal Reserve Locations: Russia, China, Dalio

☆ Ray Dalio says the U.S. is going to have a debt crisis
▼ + stars: | 2023-09-28 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Billionaire investor Ray Dalio is watching closely the "risky" U.S. fiscal situation. "We're going to have a debt crisis in this country," the founder of hedge fund Bridgewater Associates said in an interview with CNBC's Sara Eisen that aired on Thursday. U.S. debt levels surpassed $33 trillion for the first time this month as lawmakers negotiate a U.S. spending bill before the Oct. 1 deadline. Dalio is concerned there are more headwinds for the economy than just high debt levels, saying growth could fall to zero, give or take 1% or 2%. "I think you're going to get a meaningful slowing of the economy," Dalio said.

Persons: Ray Dalio, CNBC's Sara Eisen, Dalio Organizations: Bridgewater Associates, Association, Treasury Department, Investors Locations: U.S

☆ Inside Point72's boot camp for developing all-star portfolio managers, where Steve Cohen is known to grill up-and-comers who think they're ready for the big time
▼ + stars: | 2023-09-25 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +10 min

Point72 is a pioneer in developing investor talent; the multi-manager has been running LaunchPoint, previously known as Nines, since 2012. More than 70 long/short managers have launched through LaunchPoint since it started in 2012, and 75% of those are still at Point72. They make up 50% of the firm's 100 long/short managers. For Point72, LaunchPoint was created with the idea that it can take two to three years to figure out how to be a PM. Point72"We saw that preparation really influenced the long-term success of new PMs," Weiner said.

Persons: Steve Cohen, Cohen, Harry Schwefel, Point72, Schwefel, Steve, haven't, It's, John Weiner, it's, John Pierson, Weiner, LaunchPoint, they've, Nick Shivers, Ariel Herman, Jon Weiner, Point72 LaunchPoint, Griffin Newman, Newman, Point72 Newman, Ryan Wilder, " Weiner Organizations: SAC Capital, Point72 Academy, P2 Investments, New York Mets, Point72, Brigade Capital Management, SAC Advisors, Bloomberg Locations: LaunchPoint, Point72

☆ Crypto is growing up: Goodbye yacht parties and NFTs, hello regulation and practical tech
▼ + stars: | 2023-09-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +8 min

The three-day Messari Mainnet conference in New York was less expensive and less fun than it was a year ago. That's the sense I got after spending three days rubbing shoulders with crypto founders, blockchain pros, politicians and executives at Messari Mainnet in New York City. Coinbase hosted reporters at a press breakfast during Messari Mainnet 2023. AdvertisementAdvertisementThe long shadow of Gary GenslerGary Gensler, the chairman of the Securities and Exchange Commission, did not attend Messari Mainnet, but no one could stop saying his name. "Gary Gensler cannot state whether ethereum is a security or not," Ramaswamy told the audience.

Persons: Phil Rosen, Carlos Domingo, they're, Anthony Scaramucci, Jesse Pollak, Base, Coinbase, Crypto, Jess Houlgrave, WalletConnect, Houlgrave, Gary Gensler Gary Gensler, Scaramucci, Vivek Ramaswamy, Ramaswamy, Gensler, Gary Gensler, Coinbase's Pollak, Pollak, Messari Organizations: Service, Skybridge Capital, White House, Coinbase, Securities and Exchange Commission, Jiminy Cricket, SEC Locations: New York, Wall, Silicon, New York City, ethereum, Singapore, Hong Kong

☆ How Climate Week in New York Turned Into ‘Burning Man for Climate Geeks’
▼ + stars: | 2023-09-21 | by ( Cara Buckley | More About Cara Buckley | ) www.nytimes.com time to read: +1 min

It’s almost like the climate crisis has gotten itself a new team of publicists, judging from the boggling array of sessions, panels, VI.P. dinners, workshops and fireside chats happening this week as part of Climate Week NYC. This was in addition to two sold out Earth-focused drag shows, “SAVE HER!” hosted by the eco-drag queen Pattie Gonia, and the spectacle of Prince William wading into New York’s East River to visit the Billion Oyster Project, which works to restore reefs using mollusks. There were hundreds of less glittery events too, focused on decarbonizing agriculture, deforestation-free cattle ranching, carbon removal, environmental justice, food waste, green steel and session after session on climate finance and climate tech. Chaotic, sprawling, and borderline circuslike, Climate Week NYC, which officially runs from Sept. 17 to 24, is in many ways a showcase of human innovation, the countless ways people in many industries are working to slow and potentially reverse the enormous harms humans have done to the planet.

Persons: Pattie Gonia, Prince William Locations: Climate, New

☆ 'You made it through winter': Anthony Scaramucci shares 3 reasons why he's still bullish on bitcoin
▼ + stars: | 2023-09-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Anthony Scaramucci believes the next decade will be "remarkably bullish" for bitcoin. He compared bitcoin to gold, and said Wall Street will eventually usher in mainstream adoption. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "If you got your bitcoin, I wouldn't sell your bitcoin, you made it through winter," Scaramucci said in a fireside chat titled, "Why I'm still bullish." "When Wall Street has something in their arsenal, they sell it to their clients...The market [for bitcoin] is going to widen."

Persons: Anthony Scaramucci, bitcoin, Scaramucci, headwinds Organizations: Service, White House, Exchange Commission, SkyBridge Locations: New York, Wall, Silicon

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