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☆ What Cramer is watching Friday — Wells Fargo crushes it, bond yields sink on flat retail sales
▼ + stars: | 2022-10-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Club holding Wells Fargo (WFC): net interest margin (NIM) in the third quarter 2.83% versus 2.68% expected. Revenue $19.51 billion versus $18.81 billion. Net interest income (NII) in Q3 $12.1 billion versus $11.6 billion expected. Guidance for Q4 NII $12.9 billion versus $12.42 billion expected. Q3 net interest income reported: $17.52 billion versus consensus $16.92 billion.

What's next: Court-ordered depositions of Donald Trump, Ivanka Trump, and Donald Trump, Jr., were delayed by the death of family matriarch Ivana Trump. But their depositions finally wrapped on August 10, when Donald Trump testified before investigators in James' Manhattan offices. The issues: They say Donald Trump sicced his security guards on their peaceful, legal protest outside Trump Tower in 2015. Donald Trump Jr, Donald Trump and Ivanka Trump during the filming of the live final tv episode of The Celebrity Apprentice on May 16 2010 in New York City. The Issues: Donald Trump is accused of promoting a scam multi-level marketing scheme on "The Celebrity Apprentice."

☆ Peter Thiel was the 'puppet master' behind Facebook's political dealings, and 6 other unusual details about the billionaire tycoon's relationship with Mark Zuckerberg
▼ + stars: | 2022-02-08 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +5 min

Peter Thiel and Mark Zuckerberg have known each other since 2004, when Thiel became Facebook's first major investor. Some believe Thiel acted as Zuckerberg's "puppet master," and Facebook employees noticed that Zuckerberg seemed to rely on Thiel in an unusual and sometimes concerning way. Zuckerberg told Thiel he should resign from Facebook's board of directors in August 2017. Thiel underestimated Facebook's potential and told Zuckerberg to sell the company in its second year. When Yahoo offered to buy Facebook for $1 billion, Thiel told Zuckerberg to take the deal — but then-22-year-old CEO said no.

☆ Inside the disastrous early days of the Thiel Fellowship and the depression, mental health issues, and drug abuse that followed
▼ + stars: | 2021-09-21 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +5 min

After reading the script for "The Social Network," Peter Thiel didn't like how the film portrayed him. But for some Thiel fellows, the program ended up being "disastrous," according to a new biography about the billionaire entrepreneur and venture capitalist. The staff failed to act quickly enough to help either of them, past fellows told Chafkin. I just need someone to hang out with," one Thiel fellow told Chafkin. One fellow told Chafkin that "they'd come to regard their time with Thiel not as some profound intellectual exercise, but rather, 'a super-smart PR move.'"

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