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☆ Software stocks got pummeled this week after a cluster of troubling earnings reports
▼ + stars: | 2024-06-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

And Veeva's CEO said on his company's earnings call that generative artificial intelligence has been "a competing priority" for customers. Add it all up and it was a brutal week for software and enterprise tech. "Every enterprise software company kind of has adjusted" since after the pandemic, Benioff said on his company's earnings call. "Macroeconomic headwinds are still out there," Okta finance chief Brett Tighe said on the company's earnings call. Veeva CEO Peter Gassner cited "disruption in large enterprises as they work through their plans for AI."

Persons: Marc Benioff, Dell, Salesforce, Benioff, Brett Tighe, Daniel Dines, Dines, Rob Enslin, Tomer Weingarten, Peter Gassner, Gassner, Zscaler, Jay Chaudhry, — CNBC's Ari Levy, FBB, Mike Bailey Organizations: Salesforce, Economic, Computing Fund, Dell, Barclays, CNBC Locations: Davos, Switzerland, Paycom, U.S, UiPath, reprioritize

☆ PCE indicates economy 'inching towards stagflation,' says Michael Cuggino
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPCE indicates economy 'inching towards stagflation,' says Michael CugginoJay Bryson, chief economist at Wells Fargo Corporate and Investment Bank; Komal Sri-Kumar, president of Sri-Kumar Global Strategies; and Michael Cuggino, president of the Permanent Portfolio Family of Funds join CNBC's 'The Exchange' to discuss sticky inflation data and expectations for Fed rates.

Persons: Michael Cuggino Jay Bryson, Kumar, Michael Cuggino Organizations: PCE, Wells, Wells Fargo Corporate, Investment Bank, Komal, Sri, Kumar, Funds Locations: stagflation, Wells Fargo

☆ Zscaler CEO Jay Chaudhry goes one-on-one with Jim Cramer
▼ + stars: | 2024-05-31 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Zscaler CEO Jay Chaudhry goes one-on-one with Jim CramerZscaler Chairman and CEO Jay Chaudhry joins 'Mad Money' host Jim Cramer to talk quarterly results, its latest AI investments, the state of cybersecurity and more.

Persons: Jay Chaudhry, Jim Cramer Locations: cybersecurity

☆ CNBC Daily Open: Dow drops, Nvidia can't save Nasdaq
▼ + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter. ConocoPhillips CEO Ryan Lance said the deal would immediately grow ConocoPhillips' earnings, cash flow and shareholder returns after the deal closes in the fourth quarter.

Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Ryan Lance, Robert Isom, Vasu Raja, Raja, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, ConocoPhillips, Oil, American Airlines, Dow Locations: New York City, Disney, Texas , New Mexico, North Dakota

☆ Former ‘Apprentice’ producer alleges Trump used N-word to refer to Black contestant
▼ + stars: | 2024-05-30 | by ( Eric Bradner | ) edition.cnn.com time to read: +3 min

CNN —A producer for “The Apprentice” is claiming that former President Donald Trump used the N-word during the show’s filming — and it was recorded on camera. Bill Pruitt, a former show producer, wrote in a piece published Thursday by Slate that Trump used the word to describe Kwame Jackson, a Black finalist on the first season of “The Apprentice,” which aired in 2004. Omarosa Manigault Newman, a former “Apprentice” contestant and Trump White House aide, claimed in 2018, as she was promoting her book, that she’d heard a tape of Trump using the racist term. Pruitt wrote, “Afterward, we film the final meeting in the boardroom, where Jackson and Rancic are scrutinized by Trump, who, we already know, favors Rancic. “There’s a beautiful woman behind that camera,” Trump said, according to Pruitt.

Persons: Donald Trump, Bill Pruitt, Trump, Kwame Jackson, Pruitt, Omarosa Manigault Newman, she’d, “, ” Pruitt, Manigault Newman, Jay Bienstock, Carolyn Kepcher, ’, Jackson, ” Jackson, Bill Rancic, Rancic, ” Trump’s, Pruitt’s, ” Trump, Steven Cheung, “ Nobody, Joe Biden, Ivanka Trump’s, ” “, ” Organizations: CNN, Slate, Trump White House, Trump, New Locations: America, New York

☆ CNBC Daily Open: Dow drops, Nvidia couldn't save Nasdaq
▼ + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter.

Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Robert Isom, Vasu Raja, Raja, Korea's Kospi, Hang Seng, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, American Airlines, Treasury, Nikkei, China's CSI, Dow Locations: New York City, Disney, Asia, Pacific, Japan, South Korea, China

Here's our breakdown of Dead & Company's 2024 Las Vegas residency schedule, purchasing details, and price comparisons for original and resale tickets. Dead & Company 2024 tour scheduleThe 2024 Las Vegas Sphere residency for Dead & Company includes 24 shows between May 16 and July 13. Date City Vivid Seats prices StubHub prices Time May 30, 2024 Las Vegas, Nevada $83 $87 7:30 p.m. May 31, 2024 Las Vegas, Nevada $90 $87 7:30 p.m. June 1, 2024 Las Vegas, Nevada $114 $118 7:30 p.m. June 6, 2024 Las Vegas, Nevada $143 $146 7:30 p.m. June 7, 2024 Las Vegas, Nevada $126 $126 7:30 p.m. June 8, 2024 Las Vegas, Nevada $170 $166 7:30 p.m. June 13, 2024 Las Vegas, Nevada $122 $130 7:30 p.m. June 14, 2024 Las Vegas, Nevada $128 $135 7:30 p.m. June 15, 2024 Las Vegas, Nevada $141 $145 7:30 p.m. June 20, 2024 Las Vegas, Nevada $126 $136 7:30 p.m. June 21, 2024 Las Vegas, Nevada $144 $157 7:30 p.m. June 22, 2024 Las Vegas, Nevada $148 $152 7:30 p.m. July 4, 2024 Las Vegas, Nevada $117 $119 8:00 p.m. July 5, 2024 Las Vegas, Nevada $99 $103 7:30 p.m. July 6, 2024 Las Vegas, Nevada $95 $97 7:30 p.m. July 11, 2024 Las Vegas, Nevada $121 $130 7:30 p.m. July 12, 2024 Las Vegas, Nevada $130 $136 7:30 p.m. July 13, 2024 Las Vegas, Nevada $183 $188 7:30 p.m. How to buy tickets for Dead & Company's 2024 concert tourYou can buy original tickets to Dead & Company's 2024 tour at Las Vegas' Sphere on Ticketmaster. With Dead & Company's Sphere Las Vegas residency concluding on July 13, it's possible that additional tour dates could be added elsewhere later in the year.

Persons: Bob Weir, Mickey Hart, John Mayer, Oteil Burbridge, Jeff Chimenti, Jay Lane, We've Organizations: Business, Dead & Company, Company, Ticketmaster, Dead & Locations: Las Vegas, Vegas, Vegas , Nevada

☆ Disney's Bob Iger may be celebrating today after Nelson Peltz's latest move
▼ + stars: | 2024-05-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Billionaire Nelson Peltz is no longer an investor in Disney. Peltz fought a pricey proxy battle with Disney CEO Bob Iger over its board but lost. He's now sold all his Disney shares, which marks the likely end of the power struggle. AdvertisementBillionaire hedge fund founder Nelson Peltz has sold his stake in The Walt Disney Company after losing a pricey proxy battle with CEO Bob Iger. Peltz, the activist investor who founded Trian Partners, once controlled about $3.5 billion in Disney stock.

Persons: Nelson Peltz, Peltz, Bob Iger, He's, —, Jay Rasulo Organizations: Disney, Service, Billionaire, Walt Disney Company, Trian Partners, The New York Times, Business

Activist investor Nelson Peltz has sold his entire stake in Disney , a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 dollars a share, the person said, making about $1 billion on the position. The exit comes weeks after Peltz's Trian Partners lost a proxy battle at Disney in early April as shareholders reelected the company's full slate of board nominees. Peltz had long taken issue with Disney governance. "We are proud of the impact we have had in refocusing this Company on value creation and good governance," Trian said in a statement following the April shareholder vote.

Persons: Nelson Peltz, Peltz, Peltz's Trian, Jay Rasulo, Bob Iger, Trian, Disney didn't Organizations: Disney, CNBC, Peltz's Trian Partners Locations: refocusing

☆ We're buying more of our newest position and a health-care stock we have battled
▼ + stars: | 2024-05-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We are buying 75 shares of Dover at roughly $181.64 and 75 shares of GE Healthcare at roughly $78.31. We're also nibbling on more GE Healthcare. We also bought GE Healthcare on May 8. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, DOV, We're, Jay Saccaro, GEHC, Jim Cramer, Jim Organizations: Dover, GE Healthcare, GEHC, Club, Systems, GE, CNBC, Midland Manufacturing Locations: Dover, China

☆ Samsung Electronics' union threatens first ever walkout next week
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +4 min

A Samsung Electronics union in South Korea will begin escalating strike action next week by staging the first ever walkout over demands for higher wages, union officials said on Wednesday. The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7 as part of broader protest measures. Samsung Electronics said in a statement on Wednesday: "We will sincerely engage in discussions with the union." Responding to Wednesday's proposed strike, a coalition of five unions at Samsung affiliates including another Samsung Electronics union questioned the intention behind the strike plan, indicating they would not join the move. Shares of Samsung Electronics closed down 3.1% on Wednesday, compared with the benchmark KOSPI's 1.7% fall.

Persons: Son Woo, mok, NSEU, Wednesday's, Jay Y, Lee Organizations: Samsung, Samsung Electronics, National Samsung Electronics Union, South, Workers Locations: Seoul, South Korea, Hwaseong

☆ Election Updates: Biden and Harris renew push for support of Black voters.
▼ + stars: | 2024-05-29 | by ( Maya King | Nicholas Nehamas | ) www.nytimes.com time to read: +4 min

He also once opposed hard-line immigration policies, and the Texas Republican Party censured him — but he has since shifted toward them. But House Republican leaders stuck by Mr. Gonzales, and their support may have in part rescued Mr. Gonzales in a race that hung by a knife’s edge into early Wednesday morning. In a four-person primary, Mr. Furman won about 45 percent of the vote and Mr. Garza won 27 percent to advance to the runoff. Texas House District 21The speaker of the Texas House, Dade Phelan, edged out his Trump-backed opponent in the Republican primary for his seat, winning by fewer than 400 votes. In Tuesday’s runoff, Mr. Phelan took 50.7 percent of the vote.

Persons: Tony Gonzales, “, ”, Brandon Herrera, Herrera, Mr, Gonzales, —, Matt Gaetz, Jay Furman, Henry Cuellar, Kenny Holston, Furman, Lazaro Garza Jr, Garza, Donald J, Cuellar’s, Rosie Cuellar, Cuellar, Dade Phelan, Trump, David Covey, Covey, Phelan, Ken Paxton, Paxton Organizations: Texans, Republican, State House, Trump, . House, Texas Republican Party, AK, Caucus, Navy, Democrat, Capitol, New York Times, Democratic, Texas House District, Texas House, Mr, Texas, Texas Senate Locations: Uvalde , Texas, Florida, San Antonio, Texas

☆ Republican Navy Veteran Will Face Henry Cuellar in South Texas
▼ + stars: | 2024-05-28 | by ( Jazmine Ulloa | More About Jazmine Ulloa | ) www.nytimes.com time to read: +1 min

Jay Furman, a retired Navy officer, has won the Republican nomination to challenge embattled Representative Henry Cuellar of South Texas in November, according to The Associated Press. Mr. Furman defeated his challenger, Lazaro Garza Jr., a rancher, in a runoff after the two emerged as the top vote-getters in a crowded March primary. Mr. Cuellar, a centrist Democrat, is still largely expected to win re-election in Texas’ 28th Congressional District. But the terrain has become somewhat more favorable for Republicans after Mr. Cuellar was indicted this month on federal bribery and money-laundering charges. In his district, which stretches from his hometown, Laredo, and the U.S. southern border to the eastern outskirts of San Antonio, Mr. Cuellar is considered an institution.

Persons: Jay Furman, Henry Cuellar, Furman, Lazaro Garza Jr, Cuellar, Imelda Cuellar, Donald J, Trump, —, Biden Organizations: Navy, Republican, Associated Press, Democrat, Congressional Locations: Henry Cuellar of South Texas, Texas, Mexican, Azerbaijan, Laredo, U.S, San Antonio

☆ How Celtics’ clutch defense won Game 4 to sweep Pacers, advance to NBA Finals: 4 takeaways
▼ + stars: | 2024-05-27 | by ( The Athletic Staff | ) www.nytimes.com time to read: +6 min

Jaylen Brown posted a game-high 29 points along with six rebounds, three steals and four 3-pointers to lead the Celtics. Game 1 of the NBA Finals will be played in Boston on June 6 against either the Dallas Mavericks or Minnesota Timberwolves. Celtics execute down the stretchThe longstanding question about the Celtics has been: How they will execute at the end of close games? The Pacers elevated their game in every way after losing Haliburton, forcing Boston to hone its end game execution and defensive effort. Down 3-0 in the series without Haliburton, the game could have easily turned into a blowout and the Celtics could have cruised to the NBA Finals.

Persons: Jay King, Jared Weiss, Eric Nehm, James Boyd, Hunter Patterson, Jaylen Brown, Jayson Tatum, Boston’s, Andrew Nembhard, Tyrese Haliburton, T.J, McConnell, Indiana didn’t, Brown, Derrick White, Luka Dončić, Kyrie Irving, — Jay King, White, — Jared Weiss, Nembhard, Pascal Siakam, — Eric Nehm, Myles Turner, White’s, Tatum, — James Boyd, Dylan Buell Organizations: Hunter Patterson INDIANAPOLIS, Boston Celtics, NBA, Indiana Pacers, Celtics, Pacers, Dallas Mavericks, Minnesota Timberwolves, Eastern Conference, Indiana, Mavericks, Boston, Haliburton, Eastern, Getty Locations: Boston, Indiana, Haliburton

☆ Take a look inside Lyndhurst Mansion, a historic 14,000-square-foot Gothic Revival home featured in 'The Gilded Age'
▼ + stars: | 2024-05-27 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The tour began outside the mansion, where our guide spoke about the three families that owned the property: the Pauldings, the Merritts, and the Goulds. The side of Lyndhurst Mansion. Talia Lakritz/Business InsiderIn 1836, former New York City mayor William Paulding and his wife, New York real-estate heiress Maria Rhinelander Paulding, purchased the land overlooking the Hudson River to build a summer home. In 1864, the Pauldings' son sold the mansion to George Merritt, who made his fortune as the patent holder of a rubber spring used in railroad cars, and his wife, Julia. After her death, Anna left the Lyndhurst estate to the National Trust for Historic Preservation, which manages the site today.

Persons: Talia Lakritz, William Paulding, Maria Rhinelander, Alexander Jackson Davis, George Merritt, Julia, Davis, Jay Gould, Helen Day Miller, Helen Gould, Anna Gould, Anna Organizations: National Trust for Historic Preservation Locations: Lyndhurst, New York City, New York, Maria Rhinelander Paulding, French

☆ Bill Walton, basketball Hall of Famer and colorful commentator, dies of cancer at 71
▼ + stars: | 2024-05-27 | by ( Kevin Dotson | Eric Levenson | ) edition.cnn.com time to read: +5 min

CNN —Bill Walton, the basketball Hall of Fame center who won two national titles at UCLA, two NBA championships in Portland and Boston and later put the “color” in color commentator, died Monday following a prolonged battle with cancer, the National Basketball Association announced. “Bill Walton was truly one of a kind,” NBA Commissioner Adam Silver said in a statement. He was named the NBA Finals Most Valuable Player in that playoffs, and the next season he was named the NBA’s regular season MVP. Boston Celtics Bill Walton battles Los Angeles Lakers Kareem Abdul-Jabbar during the 1985 NBA Finals. I am the luckiest guy on earth.”NBC basketball announcers Bill Walton and Marv Albert pose before the start of Game 4 of the NBA Finals in East Rutherford, New Jersey, on June 12, 2002.

Persons: Bill Walton, Walton, “ Bill Walton, Adam Silver, “ Bill, John Wooden, Wooden, Robert Parish, Kevin McHale, Boston Celtics Bill Walton, Los Angeles Lakers Kareem Abdul, Jabbar, Bob Riha, It’s, ”, I’ve, I’d, Marv Albert, Mike Blake, Jay Blakesberg, Bill Walton’s, ” Mick Cronin, it’s Organizations: CNN, of Fame, UCLA, NBA, National Basketball Association, Fame, Bruins, Portland Trail Blazers, San Diego, Los Angeles Clippers, Boston Celtics, Houston Rockets, Los Angeles Lakers, Naismith, Basketball Hall of Fame, NCAA, ESPN, NBC Locations: Portland, Boston, Vietnam, East Rutherford , New Jersey, Santa Clara , California

☆ 10 Smoking Guns in Trump Hush-Money Trial That Speak for Themselves
▼ + stars: | 2024-05-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +17 min

Manhattan district attorney's office/BIWhy is this evidence — our third smoking gun — so important? AdvertisementEvidence People's 35 in the Trump hush-money trial. Robert Costello, a key defense witness in the Donald Trump hush-money trial in New York. Manhattan district attorney's office/BI"Rudy was thrilled and said this could not be a better situation for the President or you. From People's 374 Manhattan district attorney's office/BICohen testified that immediately after these calls with Trump, he took the elevator down from his Trump Organization offices at Trump Tower.

Persons: —, Donald Trump, Michael Cohen, David Pecker, Stormy Daniels, Trump, Michael Cohen Alex Brandon, Eduardo Munoz, " Cohen, Cohen, Karen McDougal's, Karen McDougal, McDougal, Daniels, Trump's, Allen Weisselberg, Jonathan Ernst, Jon Elswick, MARK PETERSON, Todd Blanche, Mamaroneck , New York —, Madeleine Westerhout, Westerhout, Cohen —, Weisselberg, Robert Costello, Jane Rosenberg, Rudy Giuliani, Costello, Bob Costello, Rudy, Jay Sekelow, Giuliani, It's Trump, Timothy A, Clary, Donald, he's, — Trump, reimbursing Cohen, Pecker —, Pecker, — that's, Cohen's, Melissa Duran, Duran, Susan Hoffinger Organizations: Service, Business, Reuters, Trump, Prosecutors, National Enquirer, Trump Org, Manhattan Criminal, Getty, Defense, White House, —, Read, Wall Street Journal, FBI, Giuliani, CQ, Cohen's, AMI, Department of Justice, Federal, First Republic Bank, Trump Organization Locations: Manhattan, Trump, New York City, Mamaroneck , New York, Republic, New York, United States

☆ 30-year-old Grayson Murray died by suicide a day after withdrawing from the PGA tournament
▼ + stars: | 2024-05-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Professional golfer Grayson Murray, a two-time PGA Tour winner, died Saturday. Murray died by suicide, according to a statement from his family. AdvertisementTwo-time PGA Tour winner Grayson Murray died Saturday, just a day after he withdrew from the tour's Charles Schwab Challenge, PGA Tour Commissioner Jay Monahan announced in a statement. His parents, Eric and Terry Murray, revealed in a statement through PGA Tour on Sunday that he died by suicide. "We would like to thank the PGA TOUR and the entire world of golf for the outpouring of support," the family said.

Persons: Grayson Murray, Charles Schwab, Murray, —, Jay Monahan, Eric, Terry Murray, Grayson Organizations: PGA, Service, Saturday, Charles Schwab Challenge

☆ Chinese policies disruptive to the rest of the world: U.S.' Shambaugh
▼ + stars: | 2024-05-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese policies disruptive to the rest of the world: U.S.' ShambaughJay Shambaugh, under secretary of the U.S Treasury for International Affairs, joins CNBC's Charlotte Reed from the G7 Finance Ministers Meeting in Stresa to discuss U.S.-China trade issues.

Persons: Jay Shambaugh, Charlotte Reed Organizations: U.S Treasury, International Affairs, U.S Locations: Stresa, China

☆ Former SEC chief Jay Clayton breaks down approval of spot ether ETF applications
▼ + stars: | 2024-05-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC chief Jay Clayton breaks down approval of spot ether ETF applicationsJay Clayton, former SEC chairman, joins 'Squawk Box' to discuss the SEC's decision to approve spot Ether ETF applications, what's different about this round of the ETF applications, and if the SEC's news is related in any way to the crypto bill passed in the House of Representatives.

Persons: Jay Clayton Organizations: Former SEC, SEC

☆ Some birds may use ‘mental time travel,’ study finds
▼ + stars: | 2024-05-23 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +7 min

“It’s often helpful to think about episodic memory as remembering, whereas semantic memory is just knowing,” he said. To find out whether Eurasian jays are capable of "mental time travel," researchers worked with birds trained to find food hidden under cups. “The idea is that with human episodic memory, we remember details of events that, at the time, weren’t necessarily relevant to anything. This aspect of episodic memory is sometimes referred to as “mental time travel.”To find out whether Eurasian jays are capable of mental time travel, the researchers worked with birds that had been trained to find food hidden under cups. “The big disease of memory is Alzheimer’s disease, and of course, the most debilitating aspect of Alzheimer’s disease is a profound loss of episodic memory,” Crystal said.

Persons: CNN —, ”, James Davies, Davies, “, “ There’s, James Davies Corvids, Nicola Clayton, —, advisee, ” Davies, weren’t, didn’t, ‘, I’ll, ’ ” Davies, Jonathon Crystal, ” Crystal, “ It’s, Kate Golembiewski Organizations: CNN, University of Cambridge’s, University of Indiana Bloomington Locations: Chicago

☆ How I built a billion dollar coffee company called Kopi Kenangan
▼ + stars: | 2024-05-20 | by ( Ernestine Siu | ) www.cnbc.com time to read: +12 min

And recognizing that very notion is what makes Indonesian coffee chain Kopi Kenangan different from many of its competitors. Which is why this cup of Kopi Kenangan coffee here in Singapore may taste different from a cup in Indonesia. Edward Tirtanata: Before I started Kopi Kenangan, I started this tea chain called Lewis and Carroll. And that is why our first menu is called Kopi Kenangan Mantan, which directly translates into, memory of my ex-girlfriend coffee. Ernestine Siu: In 2019, Kopi Kenangan received its first outside investment of $8 million from venture capital firm Alpha JWC Ventures.

Persons: Edward Tirtanata, Ernestine Siu, It's, Serena Williams, Jay, Eduardo Savrin's, Edward, Kopi Kenangan, Carroll, James Prananto, James, Little, Kopi, creamer Organizations: Alpha JWC Ventures, Northeastern University, Starbucks, Entrepreneurship, Toyota Locations: Jakarta, Singapore, New York, Indonesia, Vietnam, Southeast Asia, Boston, United States, Kopi, Bandung, U.S, Indonesian

☆ Why Jay Powell really wants to lower interest rates this September
▼ + stars: | 2024-05-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

It’s interesting to me that the equity market is cheering the idea that the Fed is going to be cutting rates. There tends to be a fine line between cutting rates and extending the economic cycle or cutting rates because the cycle is coming to an end (and the economy is softening). When the Fed is cutting rates, it’s cutting rates because a recession is about to happen, right? That’s why I say there’s a fine line between the Fed cutting to extend the cycle and the Fed cutting because a recession is about to happen. The Fed has been in this precarious space where they’re trying to avoid recession while lowering interest rates.

Persons: Dow, stoking, Bell, Tom Porcelli, Jerome Powell, Jay Powell, they’re, that’s, Donald, Goofy, Eva Rothenberg, Mickey Mouse, Snow White, Captain Hook, ”, Kate Shindle, “, Uber, Lyft, Jamie Long, Read Organizations: CNN Business, Bell, New York CNN — Markets, Federal Reserve, Fed, ’ Equity Association, Equity, National Labor Relations Board, Disneyland, Disney, ’ Equity, Walt Disney Company, Uber, Democratic, Minneapolis City Council Locations: New York, Anaheim , California, Minnesota, Minneapolis

☆ Critics Fault ‘Aggressive’ N.Y.P.D. Response to Pro-Palestinian Rally
▼ + stars: | 2024-05-19 | by ( Chelsia Rose Marcius | Jay Root | ) www.nytimes.com time to read: +1 min

Violent confrontations at a pro-Palestinian rally in Bay Ridge, Brooklyn, on Saturday reflected what some local officials and protest organizers called an unexpectedly aggressive Police Department response, with officers flooding the neighborhood and using force against protesters. At the rally, which drew hundreds of demonstrators, at least two officers wearing the white shirts of commanders were filmed punching three protesters who were prone in the middle of a crosswalk. One officer had pinned a man to the ground and repeatedly punched him in the ribs, a 50-second video clip shows. Another officer punched the left side of a man’s face as he held his head to the asphalt. The police arrested around 40 people who were “unlawfully blocking roadways,” Kaz Daughtry, the department’s deputy commissioner of operations, said on social media on Sunday.

Persons: ” Kaz Daughtry, Mr, Daughtry, “, ” Organizations: Department, The Police Department Locations: Bay Ridge, Brooklyn

☆ Meet WiFi Money: Wealthy Finance Influencers Who Infuriated Investors
▼ + stars: | 2024-05-19 | by ( Rob Price | ) www.businessinsider.com time to read: +26 min

The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.

Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, —, James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich

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