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Federal prosecutors have charged the founder of an education technology startup spun out of Harvard who was recognized on a Forbes 30 Under 30 list in 2021 with fraud. AdvertisementAllHere, which came out of the Harvard Innovation Lab, created an AI chatbot that was supposed to help reduce student absenteeism. Smith-Griffin was featured on the Forbes 30 Under 30 list for education in 2021. AllHere's investors included funds managed by Rethink Capital Partners and Spero Ventures, according to a document filed in bankruptcy court. Representatives for Harvard, Forbes, and Inc. didn't immediately respond to a comment request on Tuesday.
Persons: Joanna Smith, Griffin, Smith, Sam Bankman, Charlie Javice, Martin Shkreli —, spotlighted, Damian Williams, AllHere, didn't, Griffin wasn't Organizations: AllHere, Forbes, Harvard Innovation, Los Angeles Unified School District, Inc, Prosecutors, New York City Department of Education, Atlanta Public Schools, Capital Partners, Spero Ventures, Harvard Locations: Harvard, New York, North Carolina
LeBron James, right, and Maverick Carter participate in a Q and A after the premiere of the STARZ original series "Survivor’s Remorse" in Los Angeles. Los Angeles Lakers star LeBron James' entertainment business, SpringHill Co., has agreed to a merger of equals with Fulwell 73, the British television, film and music production company behind shows including "The Kardashians" and "Carpool Karaoke." Carter will be co-CEO of the combined company along with Leo Pearlman, Fulwell's managing partner. The deal will bring James' company increased scale to strike larger deals with media companies and streaming platforms, Carter said. The combined companies will be backed by investors including Fenway Sports Group, RedBird Capital Partners, UC Investments, Nike, Epic Games, Main Street Advisors and Eldridge Industries.
Persons: LeBron James, Maverick Carter, Ben Winston, Tom Werner, Carter, Leo Pearlman, Fulwell's, James, Adam Sandler, Winston, Eldridge Organizations: STARZ, Los Angeles . Los Angeles Lakers, SpringHill Co, SpringHill, CNBC, Netflix, NBA, Robot, Fenway Sports Group, RedBird Capital Partners, UC Investments, Nike, Epic, Street Advisors, Eldridge Industries Locations: Los Angeles, SpringHill, York
Here's why Steve Weiss likes Netflix
  + stars: | 2024-11-15 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Steve Weiss likes NetflixSteve Weiss, founder and managing partner at Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he'd buy Netflix even though it hit a record-high yesterday.
Persons: Steve Weiss Organizations: Short Hills Capital Partners, Netflix
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy tech could be a big beneficiary of a new Trump administrationKim Forrest, chief investment officer at Bokeh Capital Partners, joins CNBC's 'The Exchange' to discuss why tech could be a winner in a new Trump administration, problems she has with the current state of AI, and more.
Persons: Trump, Kim Forrest Organizations: Bokeh Capital Partners
In his last term, Trump paused some work visa programs used by tech firms to hire skilled talent. This order left many tech workers stranded outside of the US in 2017. The H-1B visa program is the nation's largest temporary work visa program, with over 600,000 workers across 50,000 employers. Vice President-elect JD Vance has a venture capital background, and Musk is an immigrant himself who has said he was on an H1-B visa previously. Shin Yi Chong, who received her H1-B visa in 2019, was recently laid off from her tech job as a product manager.
Persons: Donald Trump's, Trump, , Donald Trump, Michael Greeley, What's, Hiba Mona Anver, Anver, Jenny Fielding, Biden, Palo, Sophie Alcorn, Anna Rathbun, Aaron Levie, Elon Musk, Levie, Elon, Alcorn, JD Vance, Anna Moneymaker, Chris Farmer, Vance, Musk, Shin Yi Chong, Shubhangi Goel, Riddhi Kanetkar Organizations: Service, Flare Capital Partners, Trump, Ventures, Hire, Experts, Business Locations: Cleveland, It's
While many tech VCs are optimistic about Trump's second term, some healthcare investors feel stuck. AdvertisementThe lower corporate taxes and deregulation a second Trump term could promise are already amplifying public market optimism. She could be removed as the FTC's head early in Trump's second term — and with relaxed M&A regulations, "anything is possible," said What If Ventures founder Stephen Hays. SOPA Images/Contributor/Getty ImagesMedicaid could also be targeted in Trump's second term. A boon for healthcare AI and Medicare AdvantageTrump's victory could have a positive impact on several big areas of healthcare investment.
Persons: , Donald Trump's, Trump, He's, he'll, Robert F, Kennedy Jr, Trump's, Michael Greeley, Rebecca Noble, Tesla, JP Morgan Chase, Maven, Omada, Sean Duffy, Lina Khan, Stephen Hays, James Leynse, VCs, Carli Sapir, Jordan Nof, Greeley, Shiv Rao, Kennedy Jr's, Chrissy Farr, Phelps, Phillips, Farr Organizations: Trump, Service, Food and Drug Administration, Centers for Disease Control, Biden, Flare Capital Partners, Getty, Healthcare, Health, Cigna, Humana . Bloomberg, Federal Trade Commission, Investors, Business, Amboy Street Ventures, Tusk Venture, Senate, Affordable, Coalition for Health, Mayo Clinic, Johns Hopkins, Microsoft, Alignment Healthcare, Scrub Locations: Trump's Florida, Tuesday's, Trump's, Boston, America
While many Silicon Valley VCs and founders aren't huge Trump fans, their industry thrives when startups are getting acquired or going public quickly. The Biden administration clamped down heavily on tech M&A, so Trump's win could be a financial boon for the sector. Stephen Hays, the founder and managing partner of What if Ventures, said money is already moving again. AdvertisementBig Tech returns to the tableAs president, Trump could roll back some of the antitrust policies that his opponent would have continued. "People are keeping to themselves and just getting on with their business," said Conrad Burke, a managing partner of MetaVC Partners.
Persons: Kamala Harris, Reid Hoffman, Laurene Powell, Vinod Khosla, Harris, Donald Trump's, aren't, Biden, There's, Jordan Nof, Stephen Hays, Trump, Elon, Lina Khan's, Lulu Cheng Meservey, Y, Lina Khan, Kevin Dietsch, Brandon Brooks, — Trump's, JD Vance —, Chris Farmer, Mason Angel, Louis Lehlot, Lardner, Michael Greeley, Crypto, hasn't, Gary Gensler, Bitcoin, Brian Garrett, Garrett, Jenny Fielding's, Fielding, Conrad Burke, Leslie Feinzaig, bundlers, Kamala, I've Organizations: Democrat, White House, Trump, Tusk Venture Partners, Ventures, Tech, Federal Trade, Investors, Foley, Big Tech, Markets, Flare Capital, Biden, SEC, Crosscut Ventures, Google, Microsoft, MetaVC Partners Locations: Europe
A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) forum. The kingdom's $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to 2.87 trillion Saudi riyals ($765.2 billion) in 2023 — and local investment was a major driver. "Value meaning hiring, developing the asset management ecosystem, creating new products, bringing in talent, and investing in Saudi capital markets also. Oil prices and the Saudi economy appear to so far have stayed largely unscathed, dropping 4% early Monday after Israel's weekend strike on Iran. A key reason for that may be the rapprochement deal the kingdom signed with Iran, brokered by China, in March 2023.watch now
Persons: Nureldine, it's, Omar Yacoub, Yacoub, Fadi Arbid, Brent, Arbid, Yemen's, Israel Organizations: King Abdulaziz Conference Centre, Future Investment Initiative, Afp, Getty, Investment Initiative, CNBC, U.S, ABS Global, Public Investment Fund, Saudi, Saudi Arabia's, Amwal Capital Partners, OPEC, Eastern, Ritz, Carlton, Israel Locations: Saudi Arabia's, Riyadh, Saudi, Saudi Arabia, , Dubai, Carlton Riyadh, Gaza, Israel, Lebanon, Iran, Tel Aviv, China
D1's Dan Sundheim and SurgoCap's Mala Gaonkar spoke about investing in AI a Chicago conference. Sundheim said it won't be private companies leading this tech change for once. Gaonkar said the most promising industry for short-term AI advances is the medical technology field. Sundheim, whose portfolio has billions invested in both public and private companies, believes the best way to tap into the AI frenzy is through public companies. PitchBook notes that the firm has made 228 investments in private companies since six years ago.
Persons: Dan Sundheim, Mala Gaonkar, Sundheim, Gaonkar, , Lone, medtech, Julian Roberston's, Elon Organizations: Service, D1 Capital Partners, Tuesday's Invest, Kids, Business, Lone Pine, SurgoCap Partners, Institutional Investor, Tiger Cub, Viking Global, Tiger, Elon Musk's SpaceX, D1 Locations: Chicago
DirecTV still provides bars, restaurants, small businesses and hotels with game access — but it no longer has the exclusive rights. As a condition of that deal, EverPass included the right to build its own commercial streaming connection for “Sunday Ticket,” bypassing third-party licensing. EverPass sets all the pricing for “Sunday Ticket,” both for its new streaming product and DirecTV’s satellite offering. Sports bars concerned about having all of their TVs show games without a delay probably would opt for the DirecTV product. 3) Certain commercial establishments are using YouTube’s “Sunday Ticket” and paying residential prices (about $500 per year) instead of the higher business rates.
Persons: DirecTV’s, EverPass, Lillian Rizzo, , , Alex Sherman, Everpass, It’s Organizations: NFL, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, CNBC, Amazon Prime, ESPN, , Dish Network Locations: Apple
As a condition of that deal, EverPass included the right to build its own commercial streaming connection for "Sunday Ticket," bypassing third-party licensing. 1) Some commercial establishments are switching to EverPass's internet product. 2) Some commercial establishments are cutting the cord on pay-TV in general. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates.
Persons: Alex Sherman, DirecTV's, What's, EverPass, Lillian Rizzo, , Everpass, It's, Craig Kilborn, Val Ackerman, Ackerman, that's, We're, Alex, you've, they're, Jeff Shell, Tom Brady, Tom Wagner, CNBC's Michael Ozanian, Jessica Golden, Brady, He'll, Wagner, Warner, Jake Piazza, CNBC's Rizzo, Nielsen, That's, — Ian Charles, Arctos, Charles, NBC's Peacock, Christian Miller, Miller, Adam Silver doesn't, Jim Dolan, Abu, Greg Norman, Norman, Rory McIlroy, Tiger Woods, Chiney Ogwumike Organizations: CNBC, NFL, Google, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, Amazon Prime, ESPN, Dish Network, Big East Conference, WNBA, Big, CNBC Sport, Skydance, Paramount Global, Shell, Paramount, Las Vegas Raiders, Knighthead, Raiders, Fox Sports, NBA, Warner Bros, Discovery, TNT, MLB, Los Angeles Dodgers, New York Mets, Mets, Revenue, League, Golden State Warriors, Boston Celtics, Philadelphia Phillies, Wall Street, Comcast, Puma, NBC News, U.S, SEC, New York Times, Sphere Entertainment, Saudi Arabia's Public Investment Fund, Sports Business, PGA, Chiney, Continent Foundation, Philadelphia Eagles, Kansas City Chiefs, Visual China, Getty, Big East Locations: Apple, New York, American, Boston , Philadelphia, Northern California, U.S, Abu Dhabi, Vegas, Queens, Africa, Newport Beach , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix posts Q3 beat, subscriber adds come in ahead of expectationsBarbara Doran, BD8 Capital Partners CEO, and Mark Mahaney, Evercore ISI head of internet research, react to Netflix earnings.
Persons: Barbara Doran, Mark Mahaney Organizations: Netflix, BD8 Capital Partners
Calls of the Day: Netflix, Cisco, Autodesk, Disney
  + stars: | 2024-10-16 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Netflix, Cisco, Autodesk, DisneyThe Investment Committee debate the latest Calls Of The Day. Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he's trimming Netflix here.
Persons: Steve Weiss Organizations: Netflix, Cisco, Autodesk, Disney The, Short Hills Capital Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPick consistent performers to look past 'noise' in the market, says Bokeh's Kim ForrestKim Forrest, Bokeh Capital Partners CIO, joins CNBC's 'The Exchange' to discuss how investors should play the market to end the year, why they should look past outside factors affecting the markets, and more.
Persons: Bokeh's Kim Forrest Kim Forrest Organizations: Bokeh Capital Partners
During an interview with CNBC's " The Exchange " on Monday, Forrest advised investors to look for companies that consistently outperform their peers. Stock picks The investor provided the names of three companies that she believes meet her criteria: Exxon Mobil, artificial intelligence play Micron Technology and Urban Outfitters . Regarding Micron Technology, Forrest said she is a "believer in AI." As for Urban Outfitters, Forrest said that, although its eponymous brand is struggling, there is ongoing strength across its other brands — Free People and Anthropologie. The recent appointment of Urban Outfitters' new president should translate into traction with younger customers in the current quarter, Forrest said.
Persons: Kim Forrest, CNBC's, Forrest, Stock Organizations: Bokeh Capital Partners, Exxon Mobil, Micron Technology, Urban Outfitters, Micron, Free
Trade Tracker: Steve Weiss buys ASML
  + stars: | 2024-10-14 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss buys ASMLSteve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he's buying ASML Holding.
Persons: Steve Weiss Organizations: Short Hills Capital Partners, ASML
The S&P 500 and Dow Jones Industrial Average powered to new highs on Friday and capped off a winning week as banking behemoths ushered in a promising start to the third-quarter earnings season. The broad index gained 0.6% to end at 5,815.03, while the Dow rallied 409.74 points, or nearly 1%, to finish at 42,863.86. The S&P and Nasdaq jumped 1.1% each, while the Dow toted a 1.2% gain. A strong start to the third-quarter earnings season provided a lift to stocks. That included a cooler-than-expected September producer price index reading after the consumer price index increased slightly more than expected.
Persons: , , Craig Sterling, JPMorgan Chase, Wells, Kim Forrest, Forrest, Stocks, Goldman Sachs, David Russell, Organizations: Dow Jones Industrial, Dow, Nasdaq, JPMorgan, Bokeh Capital Partners, , Federal, Federal Reserve
Comcast CEO Brian Roberts chose Shell to replace Steve Burke as NBCUniversal CEO in 2019. Soon, Shell, 59, will be at the helm of Paramount and paired with Ellison, who has already expressed his desire to transition Paramount into a more modern media company. The 10 p.m. hourAt Paramount, Shell will be given an asset mix similar to what he oversaw at NBCUniversal — save the theme parks. Wolf's shows were also significant moneymakers for NBCUniversal, according to a person familiar with the matter. Some media analysts, such as LightShed Partners' Rich Greenfield, have argued Paramount Global should shut down Paramount+ and instead license Paramount content to other streamers with more scale.
Persons: Jeff Shell, Eric Gaillard, NBCUniversal, David Ellison, Ellison, Comcast's NBCUniversal, Shell, Brian Roberts, Steve Burke, RedBird, Andrew Brandon, Gordon, Shell's, , Skydance, NBC —, CNBC's David Faber, George Cheeks, Hollywood creatives, Dick Wolf, Kevin Dietsch, Stephen Colbert, it's, we've, Pluto, Rich Greenfield, Shell's playbook, We've, Peacock, Roberts, Andrew Wilson, Brian L, Eric Charbonneau, Wall, Mark Hoffman, Shepard Smith, Hoffman Organizations: NBCUniversal, Cannes Lions International, Creativity, Reuters, Paramount Global, Skydance Media, Shell, CNBC, Paramount, Fox, Comcast, NBCU International, Universal, Entertainment Group, RedBird Capital Partners, NFL, CBS, Paramount Pictures, NBC, Local, Journal, FBI, Hollywood, TV, Allen & Company Sun Valley, Getty, LightShed Partners, Warner Bros ., Viacom, WarnerMedia, Netflix, EA, Entertainment, Comcast Corporation, Universal Pictures, Invision, Bravo, MSNBC, MTV, VH1, Comedy Central, Fox News, NBC Sports, NBA, CBS Sports, Big Ten, UEFA Champions League Locations: Cannes, France, Shell, NBCUniversal, Sun Valley , Idaho, Toronto
Valerie Plesch | Picture Alliance | Getty ImagesThis 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. Sentiment in markets, it seems, was buoyed by encouraging comments from the Fed. The Fed, in other words, is keeping a close eye on the economy and wants to make sure it maintains its smooth landing. It's as if Stephen Sondheim's musical "Into the woods to get the money," markets are merrily singing.
Persons: Valerie Plesch, Gregory Daco, Goldman Sachs, Stephen Suttmeier, Philip Jefferson reemphasized, we're, Mike Bailey, Stephen Sondheim's, Jeff Cox, Samantha Subin, Sarah Min Organizations: Federal Reserve, Getty, CNBC, Brent, Bank of America, Dow Jones Industrial, Nasdaq, Apple, Micro Computer, Fed, FBB Capital Partners Locations: USA, Washington, Florida, U.S, Israel
Dow and S&P 500 close at record highs
  + stars: | 2024-10-09 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDow and S&P 500 close at record highsBarbara Doran, BD8 Capital Partners CEO, and Courtney Garcia, Payne Capital Wealth Management senior wealth advisor, join 'Closing Bell Overtime' to talk the day's record market action.
Persons: Barbara Doran, Courtney Garcia Organizations: Dow, BD8 Capital Partners, Payne Capital Wealth Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy isn't out of the woods yet, says Roth Capital's Michael DardaMichael Darda, Roth Capital Partners chief economist and macro strategist, joins CNBC's 'The Exchange' to discuss macro outlooks, expectations for the Fed, and more.
Persons: Roth, Michael Darda Michael Darda Organizations: Roth Capital Partners, Fed
For others, such as the $3 billion hedge-fund platform Crestline Summit, it is a part of their expansion plans. One such manager is former Citadel PM Josh White, who started trading at his London-based Regents Gate earlier this year with capital from Crestline. Advertisement"Some of our competitors are kind of an indentured servitude model," said Scott Nelson, who runs the client partnership group. The brand the firm is trying to push externally is that they are "capital partners, not capital providers," Nelson said. AdvertisementA person familiar with the manager's flagship strategy said Crestline was up nearly 12% in 2023, besting funds such as Point72 and Millennium.
Persons: , Caroline Cooley, Crestline, we're, ExodusPoint, Michael Gelband, Neilson Arbour, multimanagers, Arbour, Cooley, Josh White, Scott Nelson, Nelson Organizations: Service, of, Crestline Summit, Texas, Citadel Locations: Texas, The Texas, of Texas, New York, London, Crestline
U.S. stock futures were flat on Thursday night as traders looked ahead to the widely anticipated release of September's jobs report on Friday morning. S&P 500 futures and Nasdaq 100 futures were also unchanged. These moves came after the major averages ended Thursday's trading session with losses. U.S. oil futures climbed about 5% Thursday, weighing on the major averages. Indeed, all three major averages are already on pace for weekly losses.
Persons: Dow Jones, Barbara Doran, I'd, it's, Doran Organizations: New York Stock Exchange, Dow Jones, Nasdaq, International Longshoremen's Association, United States Maritime Alliance, Dow, BD8 Capital Partners Locations: New York City . U.S, U.S, East, Iran, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeems like China's stimulus hype is fading, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist and Barbara Doran, BD8 Capital Partners CIO, join 'Closing Bell Overtime' to talk the day's market action.
Persons: CFRA's Sam Stovall Sam Stovall, Barbara Doran Organizations: CFRA Research, BD8 Capital
Trade Tracker: Steve Weiss buys Humana
  + stars: | 2024-10-02 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss buys HumanaSteve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC’s “Halftime Report” to explain why he's buying Humana now.
Persons: Steve Weiss Organizations: Short Hills Capital Partners
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