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☆ See the 95 executives Goldman Sachs tapped to join its exclusive partnership — a record high under David Solomon
▼ + stars: | 2024-11-07 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

Goldman Sachs on Thursday promoted 95 executives to its partnership. AdvertisementDavid Solomon, CEO of Goldman Sachs. The average tenure of the partner class is 16 years at Goldman Sachs. Marine Abiad, Global Banking & Markets, ParisBenny Adler, Global Banking & Markets, New YorkAdvertisementShahzad Ali, Controllers, New YorkAsh Ang, Global Banking & Markets, SingaporeLucia Arienti, Global Banking & Markets, LondonMatthew Armas, Asset & Wealth Management, New YorkAdvertisementPatrick Armstrong, Asset & Wealth Management, New YorkSebastian Ayton, Global Banking & Markets, ParisAmitayush Bahri, Asset & Wealth Management, LondonRob Barlick Jr, Asset & Wealth Management, MiamiAdvertisementDavid Bear, Global Banking & Markets, New YorkAmanda Beisel, Controllers, New YorkJeff Bernstein, Asset & Wealth Management, New YorkLyla Bibi, Global Banking & Markets, New YorkAdvertisementAnne Bizien, Global Banking & Markets, ParisTristan Blood, Asset & Wealth Management, LondonBrittany Boals Moeller, Asset & Wealth Management, AtlantaMarc Boheim, Asset & Wealth Management, LondonAdvertisementChris Bonner, Global Banking & Markets, New YorkKevin Boova, Global Banking & Markets, New YorkRelated storiesOonagh Bradley, Compliance, LondonTimothy Braude, Asset & Wealth Management, New YorkAdvertisementSteven Budig, Asset & Wealth Management, New YorkJacqueline Cassidy, Global Banking & Markets, New YorkSorubh Chandani, Asset & Wealth Management, New YorkPamela Codo-Lotti, Global Banking & Markets, New YorkAdvertisementBracha Cohen, Asset & Wealth Management, New YorkShaun Cullinan, Asset & Wealth Management, New YorkMarc d'Andlau, Global Banking & Markets, ParisAdam Davis, Global Banking & Markets, New YorkAdvertisementMatthew Doherty, Asset & Wealth Management, New YorkJason Eisenstadt, Global Banking & Markets, New YorkAshley Everett, Global Banking & Markets, New YorkAlex Finston, Global Banking & Markets, New YorkAdvertisementAlison Flood, Global Banking & Markets, New YorkArvind Giridhar, Global Banking & Markets, New YorkAshwin Gupta, Asset & Wealth Management, New YorkSonia Gupta, Global Banking & Markets, San FranciscoAdvertisementTerry Hagerty, Global Banking & Markets, New YorkRobert Hamilton Kelly, Asset & Wealth Management, West Palm BeachAxel Hoefer, Global Banking & Markets, FrankfurtDylan Hogarty, Global Banking & Markets, New YorkAdvertisementTim Holliday, Corporate Treasury, LondonKazuya Iketani, Global Banking & Markets, TokyoSumedh Jaiswal, Global Banking & Markets, LondonKyle Jessen, Global Banking & Markets, San FranciscoAdvertisementLotfi Karoui, Global Investment Research, New YorkFeroz Khosla, Global Banking & Markets, New YorkLarry Kleinman, Tax, New YorkJared Klyman, Asset & Wealth Management, New YorkAdvertisementDaniel Korich, Global Banking & Markets, New YorkRebecca Kruger, Global Banking & Markets, New YorkKosuke Kurosawa, Global Banking & Markets, TokyoShane Lee, Global Banking & Markets, CalgaryAdvertisementMichael Leister, Global Banking & Markets, New YorkMatthew Leskowitz, Global Banking & Markets, New YorkHilary Lopez, Asset & Wealth Management, LondonCedric Lucas, Asset & Wealth Management, New YorkAdvertisementMazen Makarem, Global Banking & Markets, New YorkMatthew Mason, Global Banking & Markets, Hong KongJans Meckel, Global Banking & Markets, ParisPatrick Moran, Legal, New YorkAdvertisementLeonie Morel, Global Banking & Markets, LondonJohn O'Connor, Global Banking & Markets, New YorkSteve Orr, Global Banking & Markets, New YorkLeke Osinubi, Engineering Division, New YorkAdvertisementElizabeth Overbay, Platform Solutions, New YorkJonathan Perry, Engineering Division, LondonThomas Plank, Global Banking & Markets, SingaporeCaitlin Pollak, Global Banking & Markets, New YorkAdvertisementLing Pong, Asset & Wealth Management, Hong KongJoe Porter, Global Banking & Markets, San FranciscoVishaal Rana, Global Banking & Markets, New YorkAlexandre Reinert, Global Banking & Markets, Hong KongAdvertisementMonique Rollins, Corporate Treasury, New YorkMarcos Rosenberg, Asset & Wealth Management, RichardsonMarc Schaffer, Global Banking & Markets, New YorkJan Scheffel, Global Banking & Markets, LondonAdvertisementRahul Sharma, Engineering Division, Menlo ParkEric Sheridan, Global Investment Research, New YorkSalil Sheth, Global Banking & Markets, New YorkJonathan Shugar, Global Banking & Markets, New YorkAdvertisementAlyson Shupe, Asset & Wealth Management, New YorkAaron Siegel, Global Banking & Markets, New YorkAdam Siegler, Global Banking & Markets, New YorkCraig Smart, Global Banking & Markets, New YorkAdvertisementAndre Souza, Global Banking & Markets, LondonThom Spoto, Asset & Wealth Management, West Palm BeachLesley Steele, Risk, LondonTeppei Takanabe, Global Banking & Markets, TokyoAdvertisementLaura van Alkemade, Global Banking & Markets, LondonDennis Walsh, Asset & Wealth Management, New YorkAlexandra Wilson-Elizondo, Asset & Wealth Management, New YorkSylvia Yeh, Asset & Wealth Management, New

Persons: Goldman Sachs, David Solomon, —, Solomon, John Waldron, Goldman, Michael Kovac, Beth Hammack, Stephanie Cohen, Katie Koch, Paris Benny Adler, Shahzad Ali, York Ash Ang, Singapore Lucia Arienti, London Matthew Armas, Patrick Armstrong, New York Sebastian Ayton, Paris Amitayush, London Rob Barlick Jr, David Bear, New York Amanda Beisel, Jeff Bernstein, New York Lyla Bibi, Anne Bizien, Tristan Blood, London Brittany Boals Moeller, Atlanta Marc Boheim, Chris Bonner, New York Kevin Boova, Oonagh Bradley, Timothy Braude, Steven Budig, Jacqueline Cassidy, New York Sorubh, New York Pamela Codo, Bracha Cohen, Shaun Cullinan, New York Marc d'Andlau, Paris Adam Davis, Matthew Doherty, New York Jason Eisenstadt, New York Ashley Everett, New York Alex Finston, Alison Flood, New York Arvind Giridhar, Ashwin Gupta, New York Sonia Gupta, Terry Hagerty, New York Robert Hamilton Kelly, Beach Axel Hoefer, Frankfurt Dylan Hogarty, Tim Holliday, London Kazuya Iketani, Kyle Jessen, Lotfi, New York Feroz Khosla, New York Larry Kleinman, New York Jared Klyman, Daniel Korich, New York Rebecca Kruger, New York Kosuke Kurosawa, Tokyo Shane Lee, Michael Leister, New York Matthew Leskowitz, New York Hilary Lopez, London Cedric Lucas, Mazen, New York Matthew Mason, Hong Kong Jans, Paris Patrick Moran, Leonie Morel, London John O'Connor, Steve Orr, New York Leke, Elizabeth Overbay, New York Jonathan Perry, Thomas Plank, Singapore Caitlin Pollak, Ling, Hong Kong Joe Porter, San Francisco Vishaal Rana, New York Alexandre Reinert, Monique Rollins, New York Marcos Rosenberg, Richardson Marc Schaffer, New York Jan Scheffel, Rahul Sharma, Eric Sheridan, New York Salil, New York Jonathan Shugar, Alyson, Aaron Siegel, New York Adam Siegler, New York Craig Smart, Andre Souza, London Thom Spoto, Palm Beach Lesley Steele, Laura van Alkemade, London Dennis Walsh, New York Alexandra Wilson, New York Sylvia Yeh, Piotr Zurawski, Emmalyse Brownstein, Reed Alexander Organizations: Service, Goldman, Business, Wall Street, Global Banking, Markets, Paris, New, Wealth Management, Asset, London, Atlanta, Compliance, San, Beach, Frankfurt, Corporate Treasury, Global Investment Research, Hong, Engineering Division, Solutions, Engineering, Menlo, Palm Beach Locations: Wall, New York, York, Singapore, London, Paris, Paris Amitayush Bahri, Miami, New, San Francisco, Tokyo, Calgary, Hong Kong

Drug overdose deaths fell 12.7% in the 12 months ending in May, according to preliminary data released Wednesday by the Centers for Disease Control and Prevention. “This is the largest recorded reduction in overdose deaths,” White House officials said in a statement. Forty-one states saw decreases in drug overdose deaths in the 12 months ending May, according to the latest CDC data. In 2023, 3,046 people in the city died of a drug overdose, according to its health officials. That’s a 1% decrease from 2022 and the city’s first drop in overdose deaths since 2018.

Persons: ”, ” It’s, It’s, David Margolius, We’ve, it’s, Joan Papp, ” Chrissie Juliano, That’s, Ashwin Vasan, “, Craig F, Walker, ” Brad Finegood, ” Finegood, they’re Organizations: Centers for Disease Control, MetroHealth Medical, Big Cities Health Coalition, “, New York City Department of Health, Mental Hygiene, Boston Globe, Getty Locations: America, Cleveland, — New York City, New, Seattle

☆ Advertisers are scrutinizing the value of AI tools as some early efforts fall flat
▼ + stars: | 2024-10-09 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

AdvertisementTwo years after OpenAI's ChatGPT and other chatbots launched, the advertising community's excitement over generative AI has come down to earth. The shift was evident at New York's Advertising Week, a four-day gathering this week that organizers expected 17,000 to attend. Last year, a Salesforce survey showed about three-quarters of marketers were or planned to use generative AI. Though enthusiasm about AI was tempered in the industry at this year's Advertising Week, there wasn't a widespread abandonment of the tech. Adtech company LiveRamp announced a pair of AI partnerships to help marketers find the right AI company for a given problem.

Persons: —, OpenAI's ChatGPT, Ashwin Navin, there's, Andrew Lipsman, I'm, Zaid Al, Qassab, He's, Let's, Samba's Navin, That's, NBCU, DoubleVerify, Nick Fairbairn, Joshua Nafman, it's, Nafman, Fairbairn, LiveRamp, Scott Howe, Howe Organizations: Publicis, WPP, Service, New, Samba, WPP —, Saatchi, Business, Google, Advertising, Media, Diageo

☆ In razor-thin Georgia, Harris campaign eyeing Asian American voters
▼ + stars: | 2024-09-30 | by ( Jeff Zeleny | ) edition.cnn.com time to read: +9 min

A poll released last week from AAPI Data, a data analytics firm that focuses on Asian Americans, found that 66% of Asian American voters plan to support Harris and 28% intend to back Trump. The same survey found that 62% of Asian American voters say they have a favorable opinion of Harris, compared with 35% who hold an unfavorable view. Republican officials declined to elaborate on efforts to win over Asian American voters. The Harris campaign has three full-time staffers at the national headquarters dedicated to engaging Asian American voters, a spokeswoman said, with additional staff being deployed to Georgia and other battleground states. As she presided over a virtual phone bank from her kitchen one night last week, she said she believed Asian American voters could make the difference in her Southern battleground state.

Persons: Cumming, Kannan Udayarajan, Republican Sen, David Perdue, Donald Trump, mispronounced Kamala Harris ’, “, Kamala, ”, Udayarajan, Harris, Joe Biden, Forsyth, ” Udayarajan, James Woo, Georgia – Biden, Woo, ” Woo, “ It’s, Trump, Trump’s, ” Steven Cheung, Georgia’s, Ashwin Ramaswami, Sen, Shawn Still, Ramaswami, Sonjui Kumar, ” Kumar Organizations: Georgia CNN, Republican, Forsyth County Democratic Party, Trump, “, Georgia, Democratic, CNN, American, Advancing Justice, South, ”, Asian, AAPI, Pew Research Center, Pacific Islander, Republicans, Democratic Party, Forsyth County Democratic Locations: Georgia, Forsyth County, India, Atlanta, Georgia , North Carolina, Pakistan, Bangladesh, Asian America, American, Norcross, Gwinnett County, Georgia’s Forsyth, “, “ Forsyth

☆ Eric Adams to appear in court Friday: Here's a timeline of the chaos leading up to his indictment.
▼ + stars: | 2024-09-26 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +8 min

New York City Mayor Eric Adams was indicted by federal grand jury amid a corruption probe. AdvertisementNew York City Mayor Eric Adams' administration has been embroiled in turmoil for months. July 2024: Adams served grand jury subpoenasFederal prosecutors subpoenaed Adams, his election committee, and City Hall in July. Advertisement"We have not identified any evidence of illegal conduct by the mayor," Adams' attorneys said at the time. September 26, 2024: Adams indictment unsealedThe 57-page indictment against Adams was unsealed on September 26, detailing serious allegations of corruption, bribery and wire fraud.

Persons: Eric Adams, —, Adams, Brianna Suggs, Suggs, Rana Abbasova, Winnie Greco, Greco, Edward Caban, Public Safety Philip Banks III, Sheena Wright, David Banks, Caban, Lisa Zornberg, Zornberg, Thomas Donlon, Ashwin Vasan, Banks, Alexandria Ocasio, Cortez, Damian Williams, Williams Organizations: York City, Service, New York Police Department, Democrat, FBI, Agents, New York Times, Turkish Airlines, Times, City Hall, Associated Press, Public Safety, New York City Schools, New York, NYPD, Democratic New York Rep, New, Southern, of Locations: York, New York City, Brooklyn, manila, Jersey, Manhattan, Turkish, New, Alexandria, of New York

☆ As Investigations Swirl, Another Adams Official Resigns
▼ + stars: | 2024-09-23 | by ( Jeffery C. Mays | More About Jeffery C. Mays | ) www.nytimes.com time to read: +1 min

The health commissioner chosen by Mayor Eric Adams to lead New York City out of the Covid-19 pandemic resigned on Monday, the third top administration official this month to leave, or announce plans to, amid multiple federal investigations of the mayor’s inner circle. The commissioner, Dr. Ashwin Vasan, a mental health expert, cited a desire to spend more time with his family in his decision to step down, which will take effect early next year. “As anyone with a family — or a chosen family — knows, you are never alone in service, Dr. Vasan said in a statement. “My wife and three young children have served alongside me, bearing the brunt of my absence and shouldering so much. I’m grateful for their love and have chosen that now it is time to support them and their well-being.”A City Hall spokesman, William Fowler, said Dr. Vasan’s departure was unrelated to the federal inquiries, and the commissioner affirmed that in a brief interview.

Persons: Eric Adams, Ashwin Vasan, —, Vasan, “, William Fowler, Vasan’s Organizations: New Locations: New York City

☆ NASA’s Curiosity rover makes its ‘most unexpected’ find on Mars
▼ + stars: | 2024-07-20 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

CNN —The Curiosity rover has made its most unusual find to date on Mars: rocks made of pure sulfur. “I think it’s the strangest find of the whole mission and the most unexpected,” said Ashwin Vasavada, Curiosity project scientist at NASA’s Jet Propulsion Laboratory in Pasadena, California. Previously, while exploring Mars, NASA’s Spirit rover broke one of its wheels and had to drag it along while using the other five to drive backward. And Vasavada says it’s what inspired the team to “look behind” the Curiosity rover — otherwise they wouldn’t have seen the crushed sulfur. To determine what process formed the sulfur rocks, the team considered nearby bedrock instead.

Persons: ”, Ashwin Vasavada, “, Sharp, White, Vasavada, ” Vasavada, Briony Horgan, Curiosity, Mount Sharp, Becky Williams, Gediz, “ It’s, we’re, ” Curiosity’s, “ I’m Organizations: CNN, Jet Propulsion Laboratory, JPL, NASA, Caltech, Mars, NASA SVS, Spirit, Purdue University, Planetary Science Institute, Curiosity’s Locations: Pasadena , California, ”, Mars, West Lafayette , Indiana, Mt, Gediz, Gale, Tucson , Arizona

☆ Private jets, Modi’s blessing and a Kardashian cameo — here’s what happened at India’s wedding of the year
▼ + stars: | 2024-07-15 | by ( Rhea Mogul | ) edition.cnn.com time to read: +8 min

The wedding was followed by a blessing ceremony on Saturday, where Prime Minister Narendra Modi bestowed the young couple and their families with well wishes. No expense was spared by the family that owns India’s largest private corporation, Reliance Industries. Kim and Khloé Kardashian are seen leaving their hotel on their way to a wedding event on Saturday. Anant Ambani and Radhika Merchant at their wedding ceremony on Friday. An event as huge in scale as the Ambani-Merchant celebration would emit far more carbon than even the largest and most lavish Indian wedding, he added.

Persons: CNN —, Anant Ambani, Radhika Merchant, Kim, Khloé Kardashian, Narendra Modi, Mangal Utsav ”, Anant’s, Mukesh, The Ambani, Abu Jani Sandeep Khosla, Ambani, Sabyasachi Mukherjee, Merchant, Jayasri Burman, Rhea Kapoor, Anamika Khanna, Shah Rukh Khan, Savita Chhibber, Gauri Khan, Suhana Khan, Prodip Guha, Preston Bailey, Serena Williams, LeBron James, Bailey, Ambani’s, ”, Akash, Isha, Manish Malhotra, India ”, Justin Bieber, —, Shamita Yadav, Sushant Singh, Adar Poonawalla, Natasha Poonawalla, Punit Paranjpe, Ashwin Malwade, Mark Zuckerberg, Ivanka Trump, Bill Gates, Karlie, Rihanna Organizations: CNN, British, Reliance Industries, Forbes, Convention, Gabbana’s, ”, Centre for Policy Research, Mr, Chhatrapati Shivaji International Locations: Mumbai, Varanasi, India, Indian, Jamnagar, AFP, Chhatrapati

☆ Decagon raises $35 million from Accel and A16z to build AI customer support agents. Here's an exclusive look at the pitch deck it used.
▼ + stars: | 2024-06-18 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +1 min

AI startup Decagon builds AI agents to automate customer support for enterprise customers. Founded in July 2023, Decagon uses generative AI to automate customer support for enterprise customers. The company has emerged from stealth and raised $35 million in funding for its seed and Series A rounds. Accel led the company's $30 million Series A, with participation from Andreessen Horowitz, A*, and Elad Gil. A16z led the company's $5 million seed round.

Persons: Andreessen Horowitz, —, Jesse Zhang, Ashwin Sreenivas, Zhang, Elad Gil, A16z, Decagon, Aaron Levie, Howie Liu Organizations: Accel, Service, Decagon, Business

Mayor Eric Adams said in a statement that he would activate the city’s heat emergency plan starting on Tuesday. “The first heat wave of the season is here, and New York City has a plan to beat the heat — but we want all New Yorkers to have a plan as well,” Mr. Adams said. The city’s Heat Vulnerability Index — an effort spearheaded by the health department in conjunction with Columbia University — analyzes the neighborhoods that face the most danger during a heat wave. If everybody’s doing it, you’re multiplying it by millions.”Are heat waves in New York City becoming more common? The only heat wave to hit New York City last year happened in September, said David Stark, a meteorologist with the National Weather Service of New York.

Persons: Eric Adams, “, Mr, Adams, Ashwin Vasan, Anna Watts, Sandee, Columbia University —, Brian Ourien, ” Mr, Ourien, Zach Iscol, Vasan, ”, Con Ed, Brittainy Newman, Patrick McHugh, Con Ed ., McHugh, David Stark, Elijah Hutchinson, Hutchinson Organizations: Fire Department, National Weather Service, The New York Times, “, New York Public Library, Columbia University, Department of Health, Human Services, Bowery, Emergency Management, Workers, Con, New, New York City, Environmental Locations: New York City, New York, New, York, Bronx , Brooklyn, Queens, Mott Haven, Fordham, Jamaica, Hollis, St, Albans, In Brooklyn, Brownsville , East Flatbush, East New York

☆ Biden Should Campaign on Making Americans Live Longer Again - The New York Times
▼ + stars: | 2024-03-25 | by ( Ashwin Vasan | ) www.nytimes.com time to read: +2 min

The U.S. government’s strategic response to attack this cruel disease abroad was PEPFAR, an American initiative that has saved more than 25 million lives and shaped my understanding of what muscular public health policy could accomplish. Today, as New York City’s health commissioner and a practicing doctor, I see a desperate need for similar focus and ambition here in the United States. Because of chronic diseases like diabetes and heart disease — along with drug overdoses, suicide, violence — the United States has not. When developing countries needed H.I.V. When the world needed a Covid-19 vaccine, we combined government-funded research with private initiative and an enormous distribution campaign.

Persons: Biden, Covid Locations: U.S, American, New York, United States, America

☆ A $20m mansion home was built on top of a 400ft skyscraper. The tycoon owner may never get to live in it.
▼ + stars: | 2024-03-23 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

A $20-million sky mansion sits on top of a 33-story luxury apartment complex in India. The spectacular home was designed for businessman Vijay Mallya. AdvertisementVijay Mallya might never get to live in the mansionThere's a real possibility that Mallya won't ever get to live in the sky mansion. Indian businessman Vijay Mallya arrives at the Royal Courts of Justice in London, February 2020. On the list were defense dealer Sanjay Bhandari, diamond trader Nirav Modi, and Vijay Mallya.

Persons: Vijay Mallya, Mallya, —, Vijay, instagram Irfan Razac, superrich, Ambani, Ashwin, Tom Tugendhat, Sanjay Bhandari, Nirav Modi Organizations: Service, Prestige Estates, Business, Kingfisher, Financial Times, Royal, of Justice, Reuters, of State Security, Press Trust of, The, India's Central Bureau of Investigation, National Investigation Agency Locations: India, Bengaluru, Mumbai, London, Reuters India, Japan, Canada, New Zealand, Norway, British, Press Trust of India, The Times

☆ AtmosZero wants to decarbonize industrial steam. Check out the 14-slide pitch deck it used to raise $21 million.
▼ + stars: | 2024-02-20 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Read previewA startup that wants to help decarbonize industrial steam has raised $21 million in a Series A round. Colorado-based AtmosZero, launched in 2022, has developed a drop-in replacement for fossil fuel boilers that are used to produce steam. Steam is used in a variety of industrial processes, from beer to papermaking, and in district heating. Most steam applications need temperatures of between 100 degrees Celsius to 225 degrees Celsius, Salvi said. AtmosZero's first product can achieve 165 degrees Celsius, with the company eyeing 200 degrees Celsius in the coming years.

Persons: —, Ashwin Salvi, we're, Salvi, There's, AtmosZero Organizations: Service, Business, New Belgium Brewing Company, US, Ventures, Constellation Technology Ventures, Constellation Energy, Energy Impact Partners, Starlight Ventures, US Department of, Decarbonization Locations: Colorado, Europe, Amsterdam

Both children received help through telehealth therapy, a service that schools around the country are offering in response to soaring mental health struggles among American youth. The growth reflects a booming new business born from America’s youth mental health crisis, which has proven so lucrative that venture capitalists are funding a new crop of school teletherapy companies. For rural schools and lower-income students in particular, it has made therapy easier to access. Schools let students connect with online counselors during the school day or after hours from home. It now employs more than 300 clinicians providing teletherapy in over 150 school districts in 15 states.

Persons: Maria Ishoo’s, Valerie Aguirre’s, ”, Ishoo, “, ” Ishoo, Trish Wilson, that’s, Wilson, Doreen Hogans, Kevin Dahill, Hazel, Josh Golomb, Prince George’s, Golomb, ” Golomb, Ashwin Vasan, ” Vasan, Fern Yoshida, Valerie Aguirre's, Aguirre, teletherapy, ” Aguirre, ’, Sharon Lurye Organizations: Associated Press, Schools, Hazel Health, Hazel, Los, Clark County, Dade, Press, Carnegie Corporation of New, AP Locations: California, Hawaii, Lancaster , California, Lancaster, Prince George’s County , Maryland, San Francisco, Los Angeles County, Clark, Las Vegas, Miami, Houston, New York City, New York, Maui, Carnegie Corporation of New York

ORLANDO, Florida, Nov 16 (Reuters) - The U.S. high yield bond market is the dog that has rarely barked, never mind bitten, during the Federal Reserve's most aggressive interest rate-raising campaign in 40 years. The 'junk' bond market may also contain less junk than it used to. But changes in the composition of a leading high yield corporate bond index over recent years suggests this might be the case. "The high yield index is a higher quality index than in cycles past," reckons Bill Callahan, investment strategist at Schroders. It is now below 400 bps, and high yield bond investors are the most overweight since January, BofA's latest survey shows.

Persons: Bill Callahan, BofA's, Ashwin Krishnan, Morgan Stanley, Jamie McGeever, Marguerita Choy Organizations: U.S, ICE, Schroders, Bank of, North America, Reuters, Thomson Locations: ORLANDO, Florida

☆ Citi says buy this information technology stock with more than 20% upside
▼ + stars: | 2023-10-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The bank upgraded shares of the information technology and consulting firm to buy from neutral, accompanied by a raise in price target to $80 from $72. Analyst Ashwin Shirvaikar noted that while the stock has done well this year, it remains attractive. CTSH YTD mountain CTSH YTD chart Shirvaikar thinks Cognizant's growth outlook seems promising for the year ahead as the company's bookings momentum grows. The firm's emphasis on greater management outreach, employee engagement and cost competitiveness have all contributed to Cognizant's abilities to accelerate the rate of its deal bookings. Meanwhile, the analyst noted that Cognizant seems well-equipped to offset the margin pressure that often comes with large deal bookings momentum.

Persons: Ashwin Shirvaikar, Cognizant, Shirvaikar, Ravi Kumar S, — CNBC's Michael Bloom Organizations: Citi, Cognizant, Infosys Locations: 3Q23

☆ Private credit is growing capital in the face of high rates, says Morgan Stanley's Ashwin Krishnan
▼ + stars: | 2023-10-04 | 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 EmailPrivate credit is growing capital in the face of high rates, says Morgan Stanley's Ashwin KrishnanAshwin Krishnan, co-head of North America Private Credit at Morgan Stanley Investment Management, joins 'The Exchange' to discuss the growth of the private credit industry, extending credit in the most defensive sectors, and rising rates increasing default concerns.

Persons: Morgan, Ashwin Krishnan Ashwin Krishnan Organizations: North America Private Credit, Morgan Stanley Investment Management

Tesla vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. Shares of the EV maker reversed course to rise marginally after dropping nearly 3% following the news of the delivery miss. Tesla has also been cutting prices aggressively to counter the effect of a slowing EV market, while fending off competition from upstarts and legacy players. Meanwhile, electric-pickup maker Rivian Automotive (RIVN.O) reported third-quarter deliveries above analysts' estimates and reaffirmed its annual production target of 52,000 vehicles. Deliveries of Tesla's premium vehicles, Model S and Model X, rose to about 16,000 units in the third quarter.

Persons: Carlos Barria, Tesla, Thomas Martin, Reuters Graphics Tesla, Ashwin Amberkar, Aditya Soni, Akash Sriram, Arun Koyyur, Anil D'Silva 私 Organizations: REUTERS, Ford, Globalt Investments, Reuters Graphics, Rivian, US, Canalys Research Locations: Fremont , California, U.S, China, United States, Bengaluru

☆ Netflix and other streamers have to share data with creators now — but the new transparency only goes so far
▼ + stars: | 2023-09-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Discovery — would rip the curtain back on the data secrecy practiced by the streamers, that's not quite what happened. And it's not just creators hoping for bigger residual checks who are eager for more transparency about streaming data. As Netflix, Disney, and more companies pitch new ad-supported streamers, advertisers have griped that streamers have been slow to share the data about audience numbers and composition. Brands investing in films for distribution on streamers also are clamoring for more data to understand how many people are watching them. The WGA can share the data with its broader membership, but only in aggregated form.

Persons: that's, —, Tom Ara, DLA Piper, Kevin Krim, Ashwin Navin, Pryor Cashman, Simon Pulman, It's, Ted Hope, Hope Organizations: Netflix, Disney, Writers Guild of America, Alliance, Producers, Warner Bros, EDO, Brands, Samba, WGA, Nielsen

☆ 2 Charged With Murder in Day Care Death of 1-Year-Old
▼ + stars: | 2023-09-17 | by ( Maria Cramer | More About Maria Cramer | ) www.nytimes.com time to read: +1 min

All three children showed symptoms of opioid exposure, the police said. Image Zoila Dominici with her 1-year-old son, Nicholas Feliz Dominici. Another 2-year-old-boy, who had left the small ground-floor day care center shortly after noon, was taken to a hospital after his mother noticed an unusual lethargy had replaced a toddler’s normal energy. “This crisis is real, and it is a real wake‑up call for individuals who have opioids or fentanyl in their homes,” Mayor Adams said. “The mere contact is deadly for an adult and it’s extremely deadly for a child.”

Persons: Nicholas Feliz, Nicholas, Joseph E, Kenny, —, Eric Adams, Ashwin Vasan, Mayor Adams, ” Organizations: Montefiore Medical, Police Locations: .

☆ I bought meals from Chipotle, Chick-fil-A, and McDonald's in-store and online. I was shocked by menu markups as high as 38% for the delivered food.
▼ + stars: | 2023-09-09 | by ( Nancy Luna | ) www.businessinsider.com time to read: +11 min

At a McDonald's in Orange, California, Insider found that a Quarter Pounder with Cheese meal cost $10.19. DoorDash said it encourages restaurants to "maintain delivery menu prices that more closely reflect in-store menu prices." "There is a premium associated with the delivery channel," Chipotle told Insider, adding that its delivery prices are about 30% above in-store and order-ahead menu prices. ChipotleInsider food correspondent Nancy Luna found delivery prices about 30% higher at Chipotle compared to in-store prices. "This is one reason – among many – why DoorDash encourages restaurant partners to maintain delivery menu prices that more closely reflect in-store menu prices."

Persons: DoorDash, Chipotle, Uber, Nancy Luna, queso blanco, Shouldn't, It's, McDonald's, Ashwin Kamlani, Kamlani Organizations: Service, Chipotle, Chapman University in, Wall Street Locations: Wall, Silicon, Chipotle, Orange , California, Chapman, Chapman University in Orange, queso, McDelivery, That's

☆ Dangerous US heat wave pushes eastward, capping globe's record July
▼ + stars: | 2023-07-27 | by ( Brendan O'Brien | ) www.reuters.com time to read: +3 min

REUTERS/Mike BlakeCHICAGO, July 27 (Reuters) - An intensifying heat wave descended on the eastern United States on Thursday, prompting warnings about the dangers presented by the sweltering heat and humidity in the final days of a record-smashing July around the world. The nation's capital was expected to see the heat index, a measure of what the temperature feels like to the human body, reach 107 degrees F (41.7 C). The heat index could reach 103 degrees F (39.4 C) on Friday in the most populous U.S. city. June 2023 was the hottest on record in the United States, dating back to 1850. It also was the 47th consecutive June and the 532nd consecutive month with temperatures above the 20th-century average, according to the weather service.

Persons: Mike Blake CHICAGO, Muriel Bowser, Ashwin Vasan, Brendan O'Brien, Rosalba O'Brien Organizations: Cardiff State Beach, REUTERS, National Weather Service, Washington D.C, Washington, Twitter, Germany's Leipzig University, Union, U.S, Thomson Locations: Encinitas , California, U.S, United States, New York City, Washington, Philadelphia, York City, Greece, China, Phoenix , Arizona, Chicago

☆ Warner misses out on fifty, Australia 73-2 in WTC final v India
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

After Usman Khawaja fell for a duck, Warner shared a 69-run stand with Marnus Labuschagne, who reached 26 not out, to steady the innings. Shardul Thakur dismissed Warner for 43 in the penultimate over before lunch. Earlier, India did not have to wait long for a breakthrough after captain Rohit Sharma won the toss and inserted Australia on a grassy wicket. After a quiet opening hour, Warner cut loose and hit Umesh Yadav for four fours, including three in a row, in an over. Shardul Thakur had two lbw appeals against Labuschagne turned down and India reviewed both decisions but could not get them reversed.

Persons: David Warner, Paul Childs, Usman Khawaja, Warner, Marnus Labuschagne, Shardul Thakur, Steve Smith, Rohit Sharma, Mohammed Shami, Mohammed Siraj, Khawaja, Siraj, nestling, Umesh Yadav, Labuschagne, Bharat, Ravichandran Ashwin, Ravindra Jadeja, Scott Boland, Josh Hazlewood, Amlan Chakraborty, Christian Radnedge, Ed Osmond Organizations: Cricket, ICC, Paul Childs LONDON, India, The, KS, Warner, Thomson Locations: Australia, India, London, Britain, India's, New Delhi

☆ Jadeja leads Australia's rout, India take 2-0 series lead
▼ + stars: | 2023-02-19 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +3 min

Jadeja claimed a career-best 7-42 as he and Ravichandran Ashwin (3-59) routed Australia for a paltry 113 in their second innings at the Arun Jaitley Stadium. Skipper Rohit Sharma made 31 and Cheteshwar Pujara, who made 31 not out, scored the winning run in his 100th test. Earlier, resuming on a promising 61-1, Australia added 52 runs before Jadeja and Ashwin engineered a spectacular collapse. Once Jadeja sent back Marnus Labuschagne (35), the wheels came off Australia's innings with nine of the 11 batsmen posting single digit scores. Reporting by Amlan Chakraborty in New Delhi; editing by Michael Perry and Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

☆ Australia drop Head, Murphy debuts against India in Nagpur
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

NAGPUR, India, Feb 9 (Reuters) - Australia dropped middle-order batter Travis Head and handed uncapped off-spinner Todd Murphy his debut for the opening test against India in Nagpur on Thursday. Touring captain Pat Cummins won an important toss and elected to bat in spin-friendly conditions at the Vidarbha Cricket Association Stadium. "We know we're going to have to tweak a few things to how we play in Australia, can't wait." For India, Suryakumar Yadav, the top-ranked Twenty20 batter, will make his test debut alongside wicketkeeper KS Bharat. India captain Rohit Sharma said they too would have preferred to bat first.

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