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☆ Sheryl Sandberg discusses women's advancement at work: Progress is 'pretty fragile'
▼ + stars: | 2024-09-17 | by ( Julia Boorstin | ) www.cnbc.com time to read: +1 min

LeanIn and McKinsey have released their annual Women in the Workplace Report, and while there are clear signs of progress, women also face major headwinds. Companies now offer significantly more work-life benefits than they did even five years ago: In 2024, 92% of companies offered paid maternity leave and 86% offered paid paternity leave, up from 2018, when 78% of companies offered paid maternity leave and 70% offered paid paternity leave. "We're seeing some progress, but it's pretty fragile," says Sheryl Sandberg, the founder and board chair of LeanIn. "People have added women to senior leadership in staff roles, but if you're looking for, 'Where's the CEO pipeline?' While women have reached the C-suite, they disproportionately oversee staff functions, she points out, like legal and HR.

Persons: LeanIn, Sheryl Sandberg Organizations: McKinsey, Fortune, Companies Locations: LeanIn

☆ Op-ed: Here’s why a sale of Bausch + Lomb could lead to a windfall for Bausch Health investors
▼ + stars: | 2024-09-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Bausch + Lomb parent company Bausch Health is spinning off the eye-care company with an upcoming IPO which will list on the New York Stock Exchange and TSX with the ticker symbol “BLCO”. This would greatly benefit BLCO stockholders, of which Bausch Health is the largest. As an 88% owner of BLCO, Bausch Health's value derived from such a sale would be $12.32 billion. Adding the value of the proceeds from BLCO sale, the Xifaxan cash flows and RemainCo yields a total value of $25.93 billion for Bausch Health. After subtracting 100% of the Bausch Health debt, that would yield an equity value of $10.49 billion or $28.19 per share.

Persons: Bausch, Scott Olson, Richard Mulligan, John Paulson, Brett Icahn, Steven Miller, Carl Icahn, BLCO, Goldman Sachs, Bausch Health's, Peers, InMode, Takeda, Gary Hu, Brent Saunders, Ken Squire Organizations: Bausch Health, New York Stock Exchange, TSX, U.S . Securities, Exchange, Financial Times, Cooper Companies, BLCO, Products, Takeda Pharmaceuticals, Ironwood Pharmaceuticals, Health, 13D Locations: CHICAGO , ILLINOIS, Chicago , Illinois, BLCO

“It was all smoke and mirrors,” he said of the way the company operated. Former employees painted a picture of a company that cut corners in its haste to embark on missions with a poorly designed submersible. “They wanted to be able to qualify a pilot in a day, someone who had never sat in a submersible. The submersible lost contact with its mother ship during its dive to the Titanic on June 18, 2023. When the investigation is complete, the US Coast Guard and the National Transportation Safety Board will each conduct an independent analysis and complete reports, said Jason Neubauer, the chair of the Marine Board of Investigation.

Persons: David Lochridge, OceanGate, ”, Lochridge, – that’s, “, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Jason Neubauer, CNN’s Dakin Andone, Cindy Von Quednow Organizations: CNN, US Coast Guard, Marine Board of, OceanGate, Marine Board of Investigation, Coast Guard, Stockton Rush, National Transportation Locations: Everett , Washington, Newfoundland, Canada

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.

Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo

☆ Harris can chart her own path with the top regulators — and Big Business hopes she's on their side
▼ + stars: | 2024-09-16 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +9 min

Chris Larsen, the billionaire founder of blockchain payments company Ripple who is among the execs to endorse Harris, told Business Insider he wants her to make different appointments if she wins. "The way that they have already been interacting with business leaders is a compelling indication of where things could go in the future," Levie told Business Insider. Kovacic previously told Business Insider that Harris' relationship to economic progressives like Warren remains unclear. "It's not as though they think she will simply be an agent of Big Tech," he previously told Business Insider. "In the next four years, we'll be dealing with major policy subjects that relate to the next many decades of innovation," he told Business Insider.

Persons: —, Joe Biden, hamstrung, he'd, Sen, Elizabeth Warren of, Biden, Warren, Warren's, Lina Khan, Gary Gensler, Kamala Harris, Khan, William Kovacic, That's, Harris, Adam Kovacevich, Elizabeth Warren, Kovacevich, Kamala Harris doesn't, Politico, winced, Aaron Levie, Arati Prabhakar, Chris Larsen, Larsen, Catalini, Gensler, Dallas Mavericks Mark Cuban, Levie, Kovacic, Obama, Douglas Farrar, we'll Organizations: Service, White, Democratic, Business, Federal Trade Commission, Securities, Exchange, George Washington University, of, Consumers Bank Association, Science, Technology, Bloomberg, MIT Cryptoeconomics, SEC, Dallas Mavericks, FTC, Democratic Party, Warren, Biden, Big Tech, Harris Locations: Elizabeth Warren of Massachusetts, Biden's, Harris, California, Gensler

☆ Titan submersible: First photo of wreckage revealed at hearing into tragedy
▼ + stars: | 2024-09-16 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

CNN —The first image of the Titan submersible sitting at the bottom of the ocean following its catastrophic implosion last year was shared by the US Coast Guard on Monday as investigators opened a hearing into the tragedy. In the photo released Monday, the submersible’s broken tail cone is seen on the hazy blue floor of the North Atlantic Ocean. The tail cone was severed from the rest of the vessel, its edges ragged, while a ripped fragment of the vessel is seen nearby. The board on Monday called its first witnesses, including former employees of OceanGate, the firm that developed and operated the submersible. Seconds later, the Titan was “pinged” for the last time, and the mother ship lost track of the vessel.

Persons: Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, –, ”, “, Jason Neubauer Organizations: CNN, Titan, US Coast Guard, Marine Board of Investigation, Stockton Rush, Marine Board of, OceanGate, Coast Guard, Department of Justice Locations: North Charleston , South Carolina, Newfoundland, Canada

☆ Titan submersible implosion: US Coast Guard hearings begin
▼ + stars: | 2024-09-16 | by ( Dakin Andone | ) edition.cnn.com time to read: +4 min

CNN —The US Coast Guard on Monday will begin a multi-day hearing to examine the loss of the Titan – the ill-fated submersible authorities said imploded in the North Atlantic Ocean in June 2023, killing all five people aboard during a dive to the wreckage of the Titanic. The public hearing will be conducted by the Marine Board of Investigation that was convened within days of the submersible’s disappearance. The MBI – the highest level of inquiry by the Coast Guard – was tasked with reviewing the cause of the tragedy and offering recommendations, including about potential civil penalties and criminal prosecution. The MBI is made up of numerous Coast Guard officials and at least two from the National Transportation Safety Board, according to a list provided by the Coast Guard. When the investigation is complete, the US Coast Guard and the National Transportation Safety Board will each conduct an independent analysis and complete reports, Neubauer said Sunday.

Persons: Coast Guard –, ” Jason Neubauer, “, ”, Neubauer, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, ” Neubauer Organizations: CNN, US Coast Guard, Marine Board of, MBI, Coast Guard, Stockton Rush, OceanGate Expeditions, OceanGate, National Transportation Safety, NASA, Boeing, Department of Justice, Marine Board, Investigation, National Transportation Locations: Newfoundland, Canada, Everett, Washington, North Charleston , South Carolina

☆ Trump crypto event for World Liberty Financial offers few details so far
▼ + stars: | 2024-09-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

Now, with 50 days until the presidential election, the Republican nominee says he would be launching World Liberty Financial in a Twitter Spaces event that began shortly after 8 p.m. CNBC sent detailed questions to a World Liberty Financial press email address on Monday. He's also part of the small group of World Liberty Financial founders, according to an internal report on the project obtained by CoinDesk. Along with Trump, Witkoff is one of at least a half dozen members of the project's "leadership team." CNBC reached out to World Liberty Financial, the Trump campaign, and the Trump Organization to ask for details related to the project and did not immediately hear back to this request.

Persons: Donald Trump, Kamala Harris, Donald Trump's, cryptocurrencies, Trump, Barron, He's, Gary Gensler, Farokh Sarmad, Steve Witkoff, Witkoff, Trump's, Donald Trump Jr, Eric Trump, Barron Trump, Zach Witkoff, Eric, Donald Jr, didn't Organizations: Democratic, U.S, Republican, Liberty, GOP, Securities and Exchange Commission, SEC, Trump, CNBC, Liberty Financial, Trump International Golf Club, FBI, World Liberty Financial, CoinDesk, Witkoff, Bloomberg, Trump Organization Locations: Philadelphia, Palm, West Palm Beach , Florida, Nashville

But increasingly concerned Republicans fear the Trump team is firing blanks. So I just think that’s super overblown criticism by people who don’t know what they’re talking about.”‘Some groups are better than others’Concerns over Republican field efforts are nothing new. Large-scale conservative canvassing efforts, these Republicans explained, were plagued with issues including fraudulent and untrustworthy data entries. The senior Trump campaign official said the campaign was not caught off guard by Turning Point having a more limited scope, saying it has been working closely with the organization. “You gotta remember, Donald Trump got more votes for a sitting president than ever before in history,” this person said.

Persons: Donald Trump’s, Trump, ”, Kamala Harris ’, “ Local Republicans aren’t, they’re, Elon, James John Liautaud, Jimmy John’s, Shaun Maguire, Douglas, Ron DeSantis ’, Generra Peck, Phil Cox, there’s, it’s, … I’ve, Semafor, “, ” Andrew Kolvet, Michael Whatley, Harris, Joe Biden, ” Sen, Steve Daines, Kamala Harris, ” Whatley, GOTV, isn’t, Donald Trump Organizations: Republican National Committee, Trump, Federal, Commission, RNC, Republican, “ Local Republicans, America PAC, FEC, Sequoia Capital, GOP, Gov, New York Times, NBC, “, NBC News, House Republicans, National Republican Senatorial, Democrats ’ Senate, ”, Republicans Locations: Iowa, Douglas Leone, Arizona, Wisconsin, Michigan, Nevada, Georgia

A SpaceX capsule carrying four private citizens splashed down off the coast of Florida before dawn 3:36 a.m. The five-day Polaris Dawn flight marked the fifth private mission for SpaceX’s Crew Dragon capsule. This meant that all four members of the Polaris Dawn mission wore spacesuits during the spacewalk, and the entire capsule was depressurized to vacuum conditions. He was part of the first all-civilian SpaceX mission to orbit in 2021 and funded the Polaris Dawn mission, his second spaceflight, for an undisclosed sum. The Polaris Dawn flight was designed to test new technologies and procedures for future long-duration missions.

Persons: Jared Isaacman, Scott “ Kidd ” Poteet, Sarah Gillis, Anna Menon, ” operatators, Isaacman, Gillis, Van Allen Organizations: SpaceX, Air Force, Polaris, Polaris Dawn Locations: Florida, Tortugas , Florida, Gulf of Mexico

☆ 5 warning signs the economy is spiraling toward recession — and why there's 'major disconnect' between stocks and the job market
▼ + stars: | 2024-09-14 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

And yet, the unemployment rate continues to inch up, job openings continue to fall, and payroll data continue to underwhelm. But how long that enthusiasm can continue to outweigh declining labor market indicators remains to be seen. AdvertisementThe first is declining job openings, which are down to 7.6 million from 2022 highs above 12 million. BullAndBearProfits.comAnother sign Wolfenbarger shared showing the labor market is turning sour is the Kansas City Fed's Labor Market Conditions Index, which is a composite of 24 job market indicators. BullAndBearProfits.comFinally, in a September 2 note, Wolfenbarger shared a chart from Bank of America showing the decline in private job growth as a share of all job growth.

Persons: —, Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, there's, BullAndBearProfits.com, John, Hussman, Stocks Organizations: Service, JPMorgan, Business, Kansas City Fed's Labor, BullAndBearProfits.com, Bank of America Locations: Kansas

☆ Voss Capital wants to maximize shareholder value at International Money Express. How it may play out
▼ + stars: | 2024-09-14 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Business: International Money Express is an omnichannel money remittance services company. IMXI offers money transfer services digitally through a network of agent retailers in the United States, Canada, Spain, Italy and Germany. It offers money remittance services to Latin America and the Caribbean countries, mainly Mexico and Guatemala. International Money Express is a money remittance services provider which enables consumers to send money from the United States, Canada, Spain, Italy and Germany to Mexico, Guatemala and other countries in Latin America, Africa and Asia. If the IMXI does not execute on a strategic plan, Voss will likely consider director nominations.

Persons: IMXI, Voss, Madison, Benefytt, Russell, Michael Purcell, Ken Squire Organizations: Express, Caribbean, La Nacional, Capital Management, MoneyGram, Benefytt Technologies, Madison Dearborn Partners, 13D Locations: United States, Canada, Spain, Italy, Germany, Puerto Rico, America, Caribbean, Mexico, Guatemala, Latin America, Africa, Asia, Dominican Republic, United Kingdom, Voss, Madison Dearborn, Western Union, Benefytt

☆ I've held leadership roles at Yahoo, Google, and Facebook. Taking a demotion is what set my career on the right path.
▼ + stars: | 2024-09-14 | by ( Nora Redmond | ) www.businessinsider.com time to read: +5 min

I wanted to work in technology, and I wanted to work in business, so I went to get an MBA, as many people do. Coming out of Cornell's business school in 1999, I had a choice between traditional routes like consulting or brand management. Since then, I've spent 25 years working in leadership roles at tech companies, including Yahoo, Google, and Facebook. Sometimes, a demotion might be the right moveAt various stages in my career, I've had those kinds of crossroad moments. So, I'm teaching people how to scale companies while I'm scaling my own company, and I'm teaching people how to be great leaders while I'm building a company that helps people be great leaders.

Persons: —, Jennifer Dulski, It's, I've, That's, you've Organizations: Service, Rising Team, Stanford Graduate School of Business, Yahoo, Google, Facebook, Business, Rising, Stanford

☆ Hedge fund billionaire and Trump donor John Paulson says market would 'crash' under Harris tax plans
▼ + stars: | 2024-09-13 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

"I think if they implement those policies, we'll see a crash in the markets, no question about it." Meanwhile, Harris previously endorsed the tax increases proposed by Biden that include a 25% tax on unrealized gains for households worth at least $100 million, known as the billionaire minimum tax. However, people close to the Harris campaign, including investor Mark Cuban, have said she has no interest in taxing unrealized gains and there are doubts if any such plan could make it through Congress. The 68-year-old investor believes the economy could quickly tip into a recession as well if the specific plan to tax unrealized gains were to be implemented. The investor also said the lower taxes would spark economic gains that help raise revenues and close the deficit gap.

Persons: John Paulson, Donald Trump, Kamala Harris, Paulson, Sara Eisen, Joe Biden, Harris, Biden, Mark Cuban, …, Trump Organizations: Democratic, Trump, CNBC

☆ How Elon Musk fumbled his purchase of Twitter — and apparently gave Grimes's baby name to his other child
▼ + stars: | 2024-09-13 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +9 min

Kate Conger and Ryan Mac are the authors of "Character Limit: How Elon Musk Detroyed Twitter." AdvertisementKatie Notopoulos: You've both reported on Elon Musk and his companies for a long time. Notopoulos: Everyone's talking about "Founder Mode" lately, the idea of running a company like it's still in its early days instead of scaling to "manager mode." Musk comes in and wants to go "extremely hardcore," his version of Founder Mode, but it hasn't really worked out. [Business Insider first reported the news that Elon Musk had twins with Zilis, an executive at Neuralink.]

Persons: you've, Twitter —, Kate Conger, Ryan Mac, Elon, Elon Musk, Conger, Mac, Katie Notopoulos, You've, Musk, Jack Dorsey, hasn't, he's, JJ Geiger, …, It's, Grimes, Shivon, Alice Zilis, Valkyrie, Claire Boucher, Jesus Organizations: Service, Elon, Twitter, The New York Times, Business, SpaceX, Tesla, Penguin Press, Street, Neuralink Locations: Elon Musk's, Conger

☆ Right-wing influencers say they were dupes in an alleged Russian influence operation. They’re keeping their millions, for now
▼ + stars: | 2024-09-13 | by ( Jon Passantino | Sean Lyngaas | ) edition.cnn.com time to read: +6 min

The right-wing social media stars who were allegedly paid millions of dollars in a nefarious Russian influence operation to shape public opinion around the 2024 US presidential election are remaining mum. Tenet Media boasts a slate of high-profile right-wing, pro-Trump commentators including Tim Pool, Dave Rubin, Benny Johnson and several others. The influencers all say they are “victims,” and that the FBI has contacted them for voluntary interviews. The Tenet co-founder then wrote to the Russian state media staffers, stressing that the personality was “really insisting on seeing some materials (profile, article, whatever) on Eduard before (he) feels comfortable moving forward. Two Russian state media employees, Kostiantyn Kalashnikov and Elena Afanasyeva, were charged by the Justice Department with money laundering and violating the Foreign Agents Registration Act.

Persons: Tim Pool, Dave Rubin, Benny Johnson, Rubin, Johnson, Brandon Van Grack, Robert Mueller’s, Pool, —, “ We’ve, ”, Ben Shapiro, “, Tenet, Eduard Grigoriann, “ Grigoriann, Eduard, ” Rubin, Lauren Chen, Liam Donovan, Grigoriann, Chen, Donovan, Kostiantyn Kalashnikov, Elena Afanasyeva, Van Grack, CNN’s Hadas Gold Organizations: CNN, Justice Department, Tenet Media, Kremlin, Trump, RT, FBI, Pool, Tenet, Justice Locations: Tennessee, Russian, Russia, Brussels

☆ This 32-year-old cashed out on over $2 million in startup equity—here are five tips on how to negotiate for more shares
▼ + stars: | 2024-09-13 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

Over the course of about 10 years at the company, Vashi worked his way up from an entry-level consultant role to vice president. It all paid off in June 2022, when Anaplan was acquired by private equity company Thoma Bravo at a roughly $10.4 billion valuation. Here are five tips on how to negotiate for more equity at work, according to Vashi:1. "The best way to secure equity compensation is to make yourself extremely important to the company," he said. When it comes to employees, it is "all based on [their] contributions, either actual contributions or expected contributions," Vashi said.

Persons: Bhavik Vashi, Vashi, Anaplan, Thoma, they've Organizations: University of California, CNBC, Thoma Bravo, Asia Pacific, Carta, Employees Locations: Valley, Berkeley, Silicon Valley, Middle East

☆ I quit BlackRock after slogging my way to VP in 7 years. I have no regrets.
▼ + stars: | 2024-09-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

I remembered meeting up with friends who didn't work in the industry. AdvertisementLeaving BlackRock for the startup worldI took an 80% pay cut when I quit my job at BlackRock to join Style Theory, a fashion rental startup. Ong took an 80% pay cut when she left BlackRock for Style Theory. One thing that Style Theory offered me was the huge amount of autonomy I had as an employee. After leaving Style Theory, I moved to Singapore just a few months before the COVID-19 pandemic hit.

Persons: —, Jennifer Ong, BlackRock, Ong, Jennifer, I'd Organizations: Service, BlackRock, Business Locations: Singapore

☆ An around-the-world cruise that's stuck at port is kicking off passengers who complain
▼ + stars: | 2024-09-12 | by ( Brittany Chang | ) www.businessinsider.com time to read: +8 min

Unfortunately, she was kicked out before she could fulfill her world cruise aspirations. "They didn't just complain, they outright threatened with media unless they get what they want," Mikael Petterson, the founder and CEO of Villa Vie, told BI in an email. "That's how much I had wanted a world cruise." But she was kicked off before Villa Vie Odyssey could set sailOther buyers have begun moving onto the residential cruise ship. So far, Villa Vie has repaid her almost $8,000, with another about $7,400 still pending — still a few thousand short of her $18,600.

Persons: —, Jenny Phenix, — Phenix, Bonny Kelter, Mikael Petterson, Vie, Kelter, Villa Vie, Bonny, Petterson, Phenix, Villa, she's, aren't, Fred Olsen Cruise, Fred Olsen's, Angela, Stephen Theriac, Kathy Villalba, Stephen Theriac Petterson, hasn't Organizations: Service, Business, Residences, Sea Cruises, Villa Vie, Villa, Fred Olsen Cruise Lines, Norwegian Cruise, Security Locations: Europe, Asia, Australia, South, North America, Africa, Palm Beach , Florida, Braemar, Norwegian, Florida

☆ Nikkei jumps 3%, leading Asia-Pacific markets higher
▼ + stars: | 2024-09-12 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

A General view showing the Central Business District in Central on May 18, 2023 in Hong Kong, China. Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street after a volatile session spurred by inflation data. Japan's producer price index rose 2.5% year-on-year in August, less than the expected 2.8% and the 3% reported in the previous month. Investors will also look toward the release of Hong Kong's producer price index for the second quarter this afternoon. The listing is set to be the largest offering in Hong Kong since May 2021.

Persons: Jensen Huang, Goldman Sachs, Hong Organizations: Central Business District, Nikkei, Nvidia, Technology Conference, SK Hynix, Samsung Electronics, SoftBank, Bank of Japan, Reuters, Midea Locations: Central, Hong Kong, China, Asia, Pacific, San Francisco, Tokyo, India

☆ Asian chip-related stocks rally on renewed AI optimism after Nvidia CEO comments
▼ + stars: | 2024-09-12 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Asian chipmaking heavyweights extended Wall Street's rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling's outlook. Stocks tied to Nvidia suppliers and semiconductor related companies rallied in Asia as the bullish investor sentiment spilled over. Contract chip manufacturer Taiwan Semiconductor Manufacturing Corp jumped as much as 5% and Hon Hai Precision Industry — known internationally as Foxconn — gained over 4%. Japanese chip-related stocks also soared, including semiconductor testing equipment supplier Advantest which gained over 9%.

Persons: Jensen Huang, Goldman Sachs, Huang, Stocks, — Organizations: Nvidia Corp, Nvidia, Goldman, Technology Conference, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, TSMC, Tokyo, SoftBank Group, Samsung Electronics, SK Hynix Locations: Taipei, Taiwan, San Francisco, Asia, South Korea

Music fans both here in Philadelphia and around the world have reason to mourn on Wednesday as legendary R&B artist, songwriter and producer Frankie Beverly has died. On Wednesday morning, Beverly’s family announced the founder of the funk and soul band Maze -- who was born Howard Stanley Beverly -- passed away the day before. He lived for his music, family and friends. “After catching the attention of legendary songwriter and producer Kenny Gamble, the group had several releases under Philly-based record label Cameo Parkway,” wrote Tribune correspondent O.J. Earlier this year, after performing and touring for 50 years, Beverly played a farewell show at the Dell Music Center in North Philadelphia.

Persons: Frankie Beverly, Beverly’s, Howard Stanley Beverly, “, ”, Beverly “, Love, ” Beverly, Robin L Marshall, WireImage, NBC10, Kenny Gamble, O.J, Spivey, Beverly Organizations: Germantown High School, Philadelphia Tribune, Butlers, Philly, Tribune, Dell Music Center Locations: Philadelphia, Los Angeles, Norwood, Germantown, West Coast, North Philadelphia

☆ What is ‘founder mode?’ The meaning behind the latest Silicon Valley buzzword
▼ + stars: | 2024-09-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The battle over “founder mode” versus “manager mode” is one of those manufactured dramas that only a small segment of the world cares about — like going to Davos or Cannes or the Vanity Fair Oscar Party. The idea is that a founder knows their company the way a parent knows their child. Graham doesn’t really define founder mode because every founder and every firm is different. I’ll offer another: Ray Dalio, the founder of Bridgewater, one of the world’s biggest hedge funds. The most successful “founder mode” guys (they’re almost all male, as far as I can tell) seemed to always have a trusted manager by their side.

Persons: CNN Business ’, Paul Graham, Graham, ” Graham, Brian Chesky, Chesky, Steve Jobs, It’s, Graham doesn’t, Jobs, Jeff Bezos, Elon Musk, Nvidia’s Jensen Huang, Ray Dalio, narc, Rob Copeland, ”, Rich Hagberg, Ashley Herd, Jessica Lessin, “, Tim Cook Organizations: CNN Business, New York CNN, Bridgewater, New York Times, LinkedIn Locations: New York, Davos, Cannes, Silicon Valley

☆ Wall Street likes what Nvidia CEO said about the future and new AI chip rollout. So did we
▼ + stars: | 2024-09-11 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Investors returned to Nvidia stock Wednesday after CEO Jensen Huang made a compelling case at a major tech gathering for the innovation he strives for and the competitive moat he's built. There have been a lot of doubters on Wall Street since Nvidia reported quarterly results on Aug. 28 . NVDA YTD mountain Nvidia YTD On stage with Goldman Sachs CEO David Solomon, Huang was asked how he views the competition. The way that computers are built today, if you look at our new Blackwell system, we design seven different types of chips to create the system. While ducking a question about Nvidia stock, Solomon did tell CNBC that Nvidia is a "super company" that's well-positioned to keep succeeding.

Persons: Jensen Huang, Goldman Sachs, That's, David Solomon, Huang, Blackwell, Nvidia's, it's, ramping Blackwell, that's, It's, Solomon, Communacopia, Jim Cramer's, Jim Cramer, Jim, Sam Yeh Organizations: Nvidia, Technology Conference, CNBC, Goldman, Blackwell, AFP, Getty Locations: San Francisco, Communacopia, Taipei

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