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The top 10 family offices for startup investments
  + stars: | 2024-11-15 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
The top 10 family offices for startup investments made over 150 investments combined this year, in everything from biotech and energy to crypto and artificial intelligence, according to a new analysis. CNBC partnered with Fintrx, the private wealth intelligence platform, to analyze single family offices that made the largest number of investments in private startups in 2024. The most active family office so far this year is Maelstrom, the Hong Kong-based family office of American investor Arthur Hayes, who co-founded the crypto exchange BitMEX. For the sake of the list, family offices are defined as investment vehicles or holding companies of a single family or individual that don't manage money for outside investors. Nearly a third of startup capital in 2022 came from family offices, according to a PWC report.
Persons: Guillaume Houze, Pascal Le Segretain, Robert Frank, Bernard Arnault's, Laurene Powell Jobs, Peter Thiel's Thiel, Arthur Hayes, Guillaume Houzé, Motier, Andreesen Horowitz, Eric Schmidt, Magnus Carlsen, Fertility Organizations: Royal, Getty, CNBC, Fintrx, Ventures, Labs, Motier Ventures, Google, Flex, Mistral, Nvidia, Lightspeed, Atinum Investment, Emerson Collective . Thiel Capital Locations: Paris, France, Hong Kong, Lafayette, Seoul, Korea, Singapore
“You feel the terrain rush, you feel yourself getting closer and closer to the ground,” Coffey told CNN. Obtained by CNNThe fighter pilots had not had much time before then to practice, said F-15 pilot Lt. Col. Timothy “Diesel” Causey. Air defense systems at an undisclosed US military base in the Middle East intercept Iranian drones and missiles. “Missiles and drones are flying over base, and they’re being intercepted over base, so the alarm red goes off,” Causey said. CNNMany of the F-15 pilots, air and ground crews who took part in the operation that night received awards this week for bravery.
Persons: Benjamin “, ” Coffey, Coffey, Lacie, ” Hester, Hester, , Timothy “ Diesel ”, ” Causey, hadn’t, ’ ” Coffey, , Curtis “, ” Culver, Hester’s, Timothy “ Diesel ” Causey, Clayton “, ” Wicks, Wicks, Culver, Robin Olds Organizations: CNN, Israel, US Air Force’s, Air Force, Islamic Revolutionary Guard Corps, Air, Royal Air Force, Patriot, Missiles, ” Troops, Silver Star, Culver, , MiG Locations: Iran, Iranian, Syria, Suffolk, England, Vietnam
Jamie Dimon says bankers are "dancing in the street" because they expect Donald Trump to cut regulations. President-elect Trump has tasked Elon Musk and Vivek Ramaswamy with eliminating government waste. AdvertisementJamie Dimon says Wall Street is whooping with joy at the prospect of Donald Trump tearing up regulations and revitalizing the banking industry in his second term. AdvertisementExcessive regulation in the US is "a shame, and we're doing this to ourselves, and it's a mistake," Dimon said. The president-elect wrote that DOGE's goal would be to "dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies."
Persons: Jamie Dimon, Donald Trump, Trump, Elon Musk, Vivek Ramaswamy, , they've, Dimon Organizations: JPMorgan, Service, APEC, Summit, Bloomberg, of Government Locations: Lima , Peru
It's also a more reasonably priced option, especially if you can find a good Casper coupon or promo code. Today's best Casper coupons and promo codesAs of writing, these are the best Casper coupons you can score on your next purchase. Be sure to apply your promo code to your purchase by clicking "Apply promo code" before completing your Casper checkout. CasperCan you stack Casper coupon codes? Casper coupon codes vary on whether they can be used in store.
Persons: It's, Casper, Casper Snow, that's, I've, Casper Casper, Casper's, you'll Organizations: Business, Black, Casper, Casper Black
That's the view of Caroline Cai, CEO of U.S.-based Pzena Investment Management. "This is really for the first time in the last seven, eight years where we think you're getting paid to expose yourself to China," Cai told "CNBC Squawk Box Asia" this week. The investment firm has ramped up its exposure to Chinese equities in the last two years. "It's not because we have a particularly positive view on longer term Chinese macro, we kind of think things are pretty challenging. "Our view is, if the risk is obvious to everyone, at least you're getting paid to take some exposure," she added.
Persons: Caroline Cai, Cai, we're, Adam Coons, CNBC's Organizations: Pzena Investment Management, CNBC, Winthrop Capital Management, People's Bank of China Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises over 16% in a week on hopes of crypto-friendly U.S. policy: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Will Peck, head of digital assets at WisdomTree, discusses what a national bitcoin stockpile could mean for prices and the future of crypto-focused ETFs.
Persons: explainers, Will Peck Organizations: CNBC Crypto, CNBC, WisdomTree
CNN —If you saw an enormous, deadly funnel-web spider sitting on her egg sac, your first instinct might be to run away. Funnel-webs, whose most dangerous species lives in and around Sydney, are known for their deadly, fast-acting venom. The zoo is the sole supplier of funnel-web spider antivenom, which it produces by milking the spiders collected. “We want to encourage the spider with her egg sac into the jar in one movement, trying not to make her so angry that she destroys the egg sac,” Teni says in the video. Each egg sac contains about 150-200 spiderlings, making it a valuable source of antivenom.
Persons: Emma Teni, Teni, antivenom, ” Nicole Webber, Karen Wright, , Organizations: CNN Locations: New South Wales, Sydney
Tokyo (AP) — Japanese Princess Yuriko, the wife of wartime Emperor Hirohito’s brother and the oldest member of the imperial family, has died after her health deteriorated recently, palace officials said. Yuriko died Friday at a Tokyo hospital, the Imperial Household Agency said. Imperial Household Agency/APThe 1947 Imperial House Law, which largely preserves conservative prewar family values, allows only males to take the throne and forces female royal family members who marry commoners to lose their royal status. She enjoyed exercise in the morning while watching a daily fitness program on television, the Imperial Household Agency says. Her overall condition deteriorated over the past week, the Imperial Household Agency said.
Persons: Yuriko, Emperor Hirohito’s, Prince Mikasa, Hirohito, Emperor Naruhito, Princess Yuriko, Prince Hisahito —, Emperor Naruhito — Organizations: Tokyo, Imperial Household Agency, Law Locations: Tokyo
He wasn't present for his son as he grew up since he could only think about his next drink. The granddad finally got sober at 50 by getting monthly shots of a drug that manages his cravings. I wasn't present for my son, Joel, when he was growing up. AdvertisementIn high school, I'd drink at parties and friends' houses. I told Suzanna to get rid of my distilling equipment in the basement.
Persons: Jeff Horton, Joel, let's, I'd, I've, Suzanna, We'd, It's, Harley, Nora, , I'm Organizations: Sinai Wellness, XXL, Business Locations: Tucker , Georgia, We'd, Florida, Jamaica, Dahlonega , Georgia
AdvertisementIn 2000, scientists spotted a bioluminescent mollusk in the deep sea. It turned out to be a new species of sea slug that's perfectly adapted to the deep ocean. Researchers from the MBARI dubbed it Bathydevius caudactylus and recently published their findings in the peer-reviewed journal Deep Sea Research Part I.Bathydevius is unlike any sea slug the scientists had ever seen. At first, no one knew how to classify the strange sea slug. A sea slug in the midnight zoneA low-light camera system captured the bioluminescence display of the Bathydevius caudactylus sea slug.
Persons: It's, Bruce Robison, Robison, MBARI, it's Organizations: Aquarium Research Institute, CNN Locations: Monterey Bay , California, Monterey, what's, Oregon, Southern California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst: Sri Lanka’s National People's Power poised to secure mandate in general electionSwinburne University of Technology’s Chulanee Attanaya discusses election prospects and implications for the Sri Lankan people.
Persons: Swinburne University of Technology’s Chulanee Attanaya Organizations: Sri, Swinburne University of Technology’s
Tesla's Chinese rivals are building their own humanoid robots to rival Tesla. EV startup Xpeng unveiled its Iron humanoid robot at its AI day event this month. The company said Iron was already deployed in its factories, joining BYD and Nio in using humanoid robots to build cars. AdvertisementTesla is facing fierce competition in China from local EV makers — and now they're building their own versions of Elon Musk's Optimus robot. AdvertisementThe scramble to incorporate humanoid robots comes as Elon Musk touts Tesla's Optimus robot.
Persons: Iron, , Tesla, Elon, Xpeng, Ubtech, Walker, BYD, Elon Musk, Tesla's Organizations: Service, , Aircraft, Dongfeng Motors, EV, Elon Locations: BYD, China, Tesla
My husband and I made reasonable salaries living in NYC but weren't happy about retirement. We moved to Mexico in 2020 into our dream house and now feel far more secure about retirement. We eventually settled on Mexico, a country that's long been a favorite of American retirees where an estimated 1.6 million already live. We moved to Mexico ahead of retirement so we could enjoy it moreWe moved to Mexico before retiring because we thought the transition to retirement in another country would be easier if we had already lived there. AdvertisementWe make less money in Mexico, but our cost of living is lowerOur combined income is less than it was when we were living in New York.
Persons: , Fabian Martinezv, Marc Perrotta, We're, We'll Organizations: Service, Foreign, Security Locations: Mexico, Spain, Canada, California, Florida, Mérida, Yucatán, Bushwick , Brooklyn, United States, Mérida's, NYC, New York
AdvertisementPresident-elect Donald Trump has long questioned the reality of the climate crisis, describing it as a "scam" and accusing policies to tackle the crisis of destroying US jobs. AdvertisementChina, as part of its "Belt and Road" initiative to grow its global influence, has provided developing countries with renewable energy technologies, including wind farms. AdvertisementThe US lags China as a clean tech economic power. There are also doubts over how much China is willing to take an international leadership role on climate issues. Assuming a leadership role would likely require China to send money to other countries, said Crowther.
Persons: Donald Trump, , Herbert Crowther, we're, Lily McElwee, Xi Jinping, Trump, Daniel Araya, Biden, Joe Biden's, Crowther, Xi Organizations: Service, Eurasia Group, Business, Biden, China Studies, Center for Strategic, International Studies, Trump, Getty, Brookings Institute, International Energy Agency, Reuters Locations: Paris, China, New York, Baku, Azerbaijan, Washington ,, Beijing, United States, Gansu Province, Washington , DC, Brazil
New York CNN —Laura Helmuth is resigning as editor-in-chief of Scientific American magazine following an expletive-filled rant about Donald Trump voters. Posting on Bluesky, an X rival, Helmuth said Thursday that she’s “decided to leave Scientific American after an exciting 4.5 years as editor in chief” without mentioning her previous comments. In a series of now-deleted posts on the same platform, she called Trump voters the “meanest, dumbest, most bigoted” group and “fascists” following the former president’s reelection last week. Helmuth had apologized in a separate post, calling them “offensive and inappropriate” and that they don’t “reflect the position” of Scientific American. “We wish her well for the future.”At 179-years-old, Scientific American says it’s the “oldest continuously published magazine” in the United States and has published pieces from more than 200 Nobel winners.
Persons: Laura Helmuth, Donald Trump, Helmuth, she’s “, , , ” Helmuth, ” Kimberly Lau, Laura, ” Lau, Kamala Harris, Trump Organizations: New, New York CNN, Scientific, Trump, CNN Locations: New York, United States
“I was completely stunned when he mentioned violence so bluntly,” said the 32-year-old, who was born and raised in China. In Britain, “Cafe Scientifique,” a laid-back science debate forum, kicked off in 1998 and “Pint of Science,” a three-day science festival, launched in May 2013. Unlike Western universities, which generally welcome the public, most Chinese campuses remain fenced off, keeping their academic resources exclusive to students, faculty and authorized personnel. Nationalist voices online have also grown into a powerful unofficial force policing speech across Chinese social media. Liang, who deemed the state-building talk “bold,” said he loves these academic pub sessions but suspects they will eventually face restriction.
Persons: Hong Kong CNN —, Liang Xiao, urbanites, Liang, , , Lei Ya, Cinnamon Wu, Wu, Jerry Zhang, “ It’s, ” Wu, Zhang, Jerry Zhang Elephant, China’s, They’ve, Lei, Kang Siqin, Kang, ” Kang Organizations: Hong Kong CNN, American, Guangzhou –, Harvard University, CNN, ” University, Communist Party, Chinese University of Hong Locations: Hong Kong, Shanghai, China, , China’s, Beijing, Guangzhou, West, Britain, , Chinese University of Hong Kong, Shenzhen
Spain nursing home fire kills 10
  + stars: | 2024-11-15 | by ( Kathy Rose Obrien | Story Associated Press | ) edition.cnn.com   time to read: +1 min
Madrid AP —At least 10 people died and others were injured in a blaze at a nursing home near Zaragoza, Spain, before firefighters managed to extinguish the flames, local authorities said Friday. The alarm was raised early Friday morning in Villafranca de Ebro, about 28 kilometers (18 miles) from the northeastern city. At least 10 people died in a blaze at a nursing home in Zaragoza, Spain, before firefighters managed to extinguish it, local authorities reported on Friday. Local media said 82 people had been living in the nursing home, which focused on treating people with dementia and mental health issues. Volga Ramírez, mayor of Villafranca de Ebro, told reporters outside the center on Friday morning that intense smoke from the blaze was likely responsible for the deaths.
Persons: ” Ramírez, , ” Jorge Azcón, Pedro Sánchez Organizations: Madrid AP —, Local, Spanish Locations: Madrid, Zaragoza, Spain, Villafranca de Ebro, Ramírez, Aragon, Villafranca, Ebro, Spanish, Valencia
CNN —The Philadelphia Eagles scored three fourth-quarter touchdowns, including two by star running back Saquon Barkley, to pull away and defeat the Washington Commanders 26-18 on Thursday night at Lincoln Financial Field. Washington opened the scoring in the first quarter with rookie quarterback Jayden Daniels orchestrating a four-play, 58-yard drive to put the Commanders ahead 7-0. It’s not about who’s tougher, but who is tougher longer.’”The turning point in the game came in the fourth quarter. Trailing 12-10, with the Commanders facing a fourth-and-two in field goal range, Washington elected to go for a first down. It was huge because we went down and made it a two-score game.”Zack Baun and Reed Blankenship of the Eagles stop Daniels on the key fourth-down run during the fourth quarter.
Persons: Saquon Barkley, Barkley, Jayden Daniels, Daniels, Austin Ekeler, Brian Robinson, Jalen, Quan Martin, Nick Sirianni, It’s, ” Sirianni, “ Jayden Daniels, ” Zack Baun, Reed Blankenship, Mitchell Leff, Zach Ertz Organizations: CNN, Philadelphia Eagles, Washington, Lincoln Financial, Eagles, NFC East . Washington, Los Angeles Rams, Cowboys Locations: Washington, Dallas
If you're going to try the city's famous hot chicken, do it right — and learn some of the history first. Not all Nashville hot chicken is the same. bhofack2/Getty ImagesIf there's one thing that's more synonymous with Nashville than music, it's hot chicken. Today, hot chicken pops up on menus across the city with all sorts of variations, but the dish has a long history in the Black community of Nashville. And I definitely think it's worth making the trip to Prince's to get the original hot chicken.
Persons: It's, Prince, casanova Thorton Prince, Prince Jeffries , Organizations: Nashville Locations: Nashville, Black, Southern foodways, Prince's
Mortgage rates were forecast to go down in 2025. Expectations of higher inflation and more government debt under Trump have helped mortgage rates rise in recent weeks. Why mortgage rates rose ahead of the election — and are still high nowMortgage rates went down a lot in September, with 30-year rates dropping near 6%, according to Freddie Mac. How Trump's policies could lead to higher mortgage ratesZhao says that right now it's "nearly impossible" to predict where mortgage rates will go in 2025. More supply would help moderate home price growth, improving affordability even if mortgage rates remain high.
Persons: Donald Trump's, Trump's, , Freddie Mac, they're, Chen Zhao, Melissa Cohn, Trump, Zhao, Kamala Harris, Cohn Organizations: Trump, Service, Bond, William, Mortgage, Analytics
Disney's CFO Hugh Johnston discussed Universal Studios' upcoming theme park, Epic Universe. Both Walt Disney World and Universal Orlando Resort are adding new attractions. AdvertisementEpic Universe's arrival in Central Florida might be good for its direct competitor, Walt Disney World. Disney's Chief Financial Officer Hugh Johnston discussed Universal Orlando Resort's upcoming theme park during Thursday's earnings call. When asked how Epic Universe's May 2025 debut could impact Walt Disney World, Johnston seemed optimistic.
Persons: Hugh Johnston, Johnston, , Walt, Arturo Holmes, Disney Dreamers Academy Dennis Speigel, NBCUniversal, Comcast NBCUniversal, Brian L, Roberts, Harry Potter, Berk, Josh D'Amaro, Indiana Jones, James Cameron's Organizations: Universal Studios, Disney, Walt Disney World, Universal Orlando, Service, Walt Disney, Cinderella's, Disney Dreamers Academy, Park, Inc, Comcast, Comcast Corporation, Universal Orlando Resort Universal, of, Nintendo, Magic, Central, Central Florida Tourism, Disney's Hollywood Studios Locations: Central Florida, Florida, Pueblo Esperanza
Boxing Hall of Famer Mike Tyson is coming out of retirement to fight YouTuber-turned-boxer Jake Paul. AdvertisementMike Tyson will fight Jake Paul in Netflix's first-ever professional sports livestream on Friday. Jake Paul made a deal with Netflix and then got Mike Tyson involvedMike Tyson will come out of retirement to face Jake Paul. Advertisement"The old generation of boxing with the new generation of boxing all being mixed into one," Jake Paul said. "I'm here to make $40 million and knock out a legend," Jake Paul said at a press conference in August.
Persons: of Famer Mike Tyson, YouTuber, Jake Paul, , Mike Tyson, Tyson, Jake Paul's, YouTube Jake Paul, Cooper Neill, Logan Paul, Paul, Joe Weller, Deji, KSI, Talksport, influencers, Tommy Fury, Floyd Mayweather Jr, Nakisa Bidarian, Mike Angel, Netflix Tyson, Roy Jones Jr, Nate Robinson, Jimmy Kimmel, Gabe Spitzer, Mike, Netflix's livestream, Tyson's, Katie Taylor, Amanda Serrano Organizations: of Famer, Netflix, Service, The New York Times, WWE, NFL, Boxing Hall of Famer, YouTube, UFC, Boxing, ESPN, T, USA, Texas Department Locations: Netflix's, KSI, British, Arlington , Texas
Ben & Jerry's filed a lawsuit against its parent company, Unilever, on Thursday. It claims Unilever stopped it from making 4 public statements supporting Palestinians. Unilever rejected the claims, saying it would defend its case "very strongly." AdvertisementBen & Jerry's is taking legal action against its parent company, Unilever, saying it was prevented from speaking out in support of Palestinians. Ben & Jerry's said that in doing so, Unilever repeatedly prevented the company from fulfilling its social mission and breached a settlement agreement.
Persons: Jerry's, , Benjamin Netanyahu, Ben, Bernie Sanders, Jerry, Sen, Sanders Organizations: Unilever, Service, US Southern District of, Business, Palestine, Israel, Senate Locations: US Southern District of New York, Gaza, Israel, Europe
A number of catalysts could drive gains for Teladoc Health in the coming months, according to Goldman Sachs. Analyst David Roman initiated coverage on the name with a buy rating, and his price target of $14 implies 56.3% upside from Thursday's close. Looking ahead to next year, he anticipates that the virtual health care company's results will be driven by slightly better-than-expected top-line growth in its Integrated Care segment. But that didn't quite come to fruition as the pandemic eased with patients returning to in-person visits and larger health care players developing their own telehealth solutions. Among the 27 analysts covering it, only six in total have a strong buy or buy rating.
Persons: Goldman Sachs, David Roman, Roman Organizations: Teladoc Health
On Friday, Paul steps into the ring for perhaps his most high-profile fight to date against former heavyweight champion Mike Tyson. Mike Tyson, I thought that was a cute slap, buddy, but tomorrow you’re getting knocked the f*ck out. After the postponement of their initial fight in July, Paul went on to defeat bare-knuckle boxing champion Mike Perry with a sixth round TKO. Mike Tyson and Jake Paul will contest their professional boxing bout on November 15. “Then, I’d retire after that.”After winning a boxing world championship, Paul plans to take his talents to mixed martial arts.
Persons: CNN —, Jake Paul, Paul, Mike Tyson, , ” Paul, Mike, Tyson, Eddie Hearn, ” Hearn, Hearn, Canelo Álvarez, Oleksandr Usyk, Dmitry Bivol, Katie Taylor, Anthony Joshua, ” Joshua, Jonathan Ross, YouTuber, ” Tyson, Michael Loccisano, Michael Spinks, Larry Holmes, Clifford Etienne, Roy Jones Jr, “ I’m, He’s, I’m, Ariel Helwani, you’re, , they’re, Logan ., , Jake Paul ’ –, YouTuber Ali Eson Gib, Nate Robinson, Tyron Woodley, Anderson Silva, Nate Diaz, Tommy Fury, Tyson Fury, Fury, Diaz, Andre August, Ryan Borland, Mike Perry, Nakisa Bidarian, Amanda Serrano, Taylor, Ed Mulholland, Serrano, Bidarian, ” Bidarian, I’d Organizations: CNN, Disney, T, Paul, Dallas Cowboys, UFC, Irish, Getty, , MMA Locations: Arlington , Texas, British, Puerto Rican
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