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The Federal Reserve is gearing up to cut interest rates as soon as next month, which could bring relief to people with mortgages, credit cards and car loans. Certificates of deposit — fixed-rate bank accounts with term limits — are a go-to when interest rates are high. With interest rates coming down, the idea is just pay and save as much as you can right now. There’s no bad time to do that, but when the central bank lowers interest rates, it can be even more valuable. “It’s tempting to say, ‘Well, when interest rates go down, stocks are going to do well, because people are switching from low-return to higher-return assets,’” she said.

Persons: Mark Hamrick, “, ”, Hamrick, Rodney Lake, Laura Veldkamp, Veldkamp, Jude Boudreaux, now’s, ” Jude Boudreaux, you’re, ” Boudreaux, ” DON’T, Jonathan Smoke, Cox, Edmunds, Ivan Drury Organizations: Federal, GW Investment, George Washington University School of Business, Columbia University’s Graduate School of Business, Chipping, Columbia Business, Philadelphia Fed, Federal Reserve, Mortgage, Association, Fed Locations: U.S, Orleans, New Orleans, Edmunds

☆ He turned around his private-equity firm after he started using executive coaches. Here's what he told us.
▼ + stars: | 2024-07-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +8 min

At the time, I hadn't even heard of the term "executive coach." Here's how an executive coach changed my company and myself forever and why executive coaching is still an important part of our continued success. Another lesson was that I had to set very clear goals. AdvertisementIf you can be super clear on where you're going and what your goals are, you're going to be 20 times more effective. You're going to get that hour back 20 fold, maybe even a hundredfold.

Persons: —, Graham Weaver, Alex Nicoll, JP Flaum, Graham, Flaum, I'd, We're, It's, I've Organizations: Service, Alpine Investors, Business, Stanford Graduate School of Business ., Alpine, Graduate School of Business Locations: Denver , Colorado, Dallas, Chicago, Washington ,

☆ Nvidia CEO built a $3 trillion company with this leadership philosophy: ‘No task is beneath me’
▼ + stars: | 2024-07-06 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

A good leader can't be afraid to get their hands dirty, according to Nvidia CEO Jensen Huang. Years later, he would hatch the idea for Nvidia with his co-founders in a booth at the same Denny's where he'd once cleared tables, washed dishes and even cleaned toilets. "To me, no task is beneath me because, remember, I used to be a dishwasher [and] I used to clean toilets," Huang said in a March interview at the Stanford Graduate School of Business. Whenever possible, the longtime CEO likes to show his employees his reasoning for a suggestion or solution he offers. That structure improves Nvidia's performance by allowing information and strategy to flow more directly between Huang and Nvidia's other leaders, according to Huang.

Persons: Jensen Huang, Long, Huang, I've Organizations: Nvidia, Forbes, Stanford Graduate School of Business, Stanford, California Institute of Technology, CNBC Locations: Denny's

☆ Private equity is booming. How to get a job in the finance industry's newest 'it' sector.
▼ + stars: | 2024-07-05 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +10 min

Getty Images; Shutterstock; BIThe traditional path to private equity starts with an investment banking job out of college. In 2023, private equity firms started reaching out in July before junior investment bankers finished their summer training. But at its core, private equity is in the business of making money by buying and running companies. Samantha Lee/InsiderA small group of headhunters and other advisors hold power over the private equity recruitment process. More on private equity pay and hiring:Have private equity's 'Hunger Games' recruiting tactics gone too far?

Persons: —, Blackstone, Apollo isn't, Goldman Sachs, it's, David Wurtzbacher, Wurtzbacher, Wharton, Graham Weaver, you've, Samantha Lee, We've, Jon Gray, Drew Angerer, Skye Gould, Steve Schwarzman, Jonathan Gray, Gray, Thoma Bravo, Atlantic's, Carlyle, Warburg Pincus, Wharton's, Axel Springer Organizations: Service, Apollo, KKR, Business, Getty, CPA, BI, Alpine Partners, Alpine's, Harvard Business School, Stanford's Graduate School of Business, Alpine, of Foreign Labor, Bain Capital, Blackstone, Harvard, Games, Wall, Citadel, headhunters, dealmakers, Private, PJT Partners, Centerbridge, of Michigan Locations: San Francisco, UPenn, Carlyle, Blackstone, Axel

☆ 5 tips from Jensen Huang on how to run a company and manage your team
▼ + stars: | 2024-06-30 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Manage a lot of peopleHuang believes a CEO should have more direct reports than anyone else in an organization. He, in fact, has more than 50 direct reports, considered an unusually high number for any manager. Advertisement"The more direct reports the CEO has, the less layers are in the company," Huang said in an interview at The New York Times DealBook Summit in 2023. Skip the 1:1 meetingsHuang has said he doesn't have one-on-one meetings with his many direct reports. Advertisement"Almost everything that I say, I say to everybody all at the same time," he said at Stripe Sessions 2024.

Persons: —, Huang, Skip, You've, Insider's Jyoti Mann, Nvidian, I've, It's Organizations: Service, Apple, Microsoft, Business, The New York Times DealBook Summit, Stanford's Graduate School of Business, Stripe, Nvidia, Yorker, Stanford Graduate School of Business

☆ These 4 words can make you more influential at work, experts say: 'It suggests you're more confident'
▼ + stars: | 2024-06-27 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Getting your colleagues and bosses to listen to your ideas at work doesn't have to be hard — if you know what to say. You can gain influence at work by incorporating a handful of specific words into your vocabulary, according to a variety of experts and research. "Like suggests a personal preference, while recommend suggests others will enjoy it as well," Berger tells Make It. "If you're willing to say not just that France was fun, but it is fun; not just that this book had a great plot, but it has a great plot; when you're generalizing beyond the past, it suggests you're more confident or certain about what you're saying," Berger told the "Knowledge at Wharton" podcast last year. We'll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression.

Persons: Matt Abrahams, Abrahams, Wharton, Jonah Berger, Berger, —, endorsers, Pryor Organizations: Stanford University, CNBC, Harvard University, Xerox, Wharton, Stanford Graduate School of Business Locations: France, Philadelphia

☆ Stanford professor on the future of banking regulation
▼ + stars: | 2024-06-26 | 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 EmailStanford professor on the future of banking regulationAnat Admati, George G.C. Parker professor of finance and economics at Stanford Graduate School of Business, joins 'Money Movers' to discuss the future of banking regulation.

Persons: Admati, George G.C, Parker Organizations: Stanford, Stanford Graduate School of Business

☆ This hyper-exclusive CEO training program doesn't care about your 4.0 GPA
▼ + stars: | 2024-06-24 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

The promise of a more rapid climb up the corporate ladder has made Alpine's CIT program incredibly popular. While it's too soon to know how Alpine's CIT program ranked this year, it received 750 applications for just 12 slots. AdvertisementAnderman's own non-conventional career took her from college dropout to ballet dancer to the world of international development to business school. When she interviewed for her job at Alpine, Weaver asked how she could handle the job with no prior experience. — Alpine's founder and CEO — Alpine's founder and CEOThe first attribute the company looks for is IQ, but not in the traditional kind.

Persons: —, it's, Tal Lee Anderman, you've, Tal Lee Anderson, Graham Weaver, GSB, Weaver, whittle, Anderman, David Wurtzbacher, Wurtzbacher, they're, Geoff Smart Organizations: Service, Business, CIT, Harvard Business School, Stanford's, School of Business, Wharton School, University of Pennsylvania, Harvard, Tal Lee Anderson Alpine, Stanford, Wharton, Kellogg School of Management, Northwestern, University of Chicago Booth School of Business, Alpine, Alpine's San, Citadel, Yale Law School, America Locations: Alpine's, Alpine's San Francisco, Blackstone, Anderman, Manhattan, Jackson , Mississippi, Hong Kong

☆ Inside the highly competitive training program that puts MBAs into a CEO role right after graduation — and is harder to get into than Harvard
▼ + stars: | 2024-06-18 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

Read previewWhat's the most sought-after job opportunity for graduating students of top business schools like Harvard Business School, Wharton at UPenn, and Stanford's Graduate School of Business? For the 2024 CIT program, which starts this summer, Alpine received 750 applications for just 12 slots, giving it an acceptance rate of 1.6%. Related stories"You're moving from Yale Law School and Harvard Business School to Jackson, Mississippi, to run a plumbing company," Anderman said as an example. Wurtzbacher also got invaluable leadership training from Weaver, a longtime professor at Stanford's Business School and winner of the MBA Distinguished Teaching Award in 2024. The CIT program is so attractive to them because it offers a clear path to doing this by leading a company.

Persons: —, Wharton, David Wurtzbacher, Wurtzbacher, Tal Lee Anderman, Graham Weaver, Weaver, JP, Graham, Anderman, they're, they've Organizations: Service, Harvard Business School, Stanford's Graduate School of Business, McKinsey, Business, Investors, Harvard, Stanford Business School, Green, Partners, CIT, Alpine's CIT, Wharton, Alpine, BI, Yale Law School, Alpine's San, Stanford's Business School, Stanford Locations: UPenn, San Francisco, Stanford, Manhattan, America, Jackson , Mississippi, Alpine's, Alpine's San Francisco, York, Carolinas, Virginia

☆ How MBAs Are Skipping the Corporate Ladder to Become CEOs
▼ + stars: | 2024-06-18 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

☆ Top MBAs are flocking to search funds. One Harvard grad explained why he founded a $530,000 fund to buy tech companies.
▼ + stars: | 2024-06-03 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.

Persons: —, Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest

☆ Top MBAs are flocking to search funds. One Harvard grad explained why he founded a $600,000 fund to buy tech companies.
▼ + stars: | 2024-06-03 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

☆ 3 ways successful people work with frustrating colleagues, says Stanford-trained strategist
▼ + stars: | 2024-05-24 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Practical realists and head-in-the-cloud dreamers don't always get along in the workplace. The problem: You need both for your business to succeed, according to Beth Viner, a managing director and partner at Boston Consulting Group's tech, design and business unit. At times, that puts them at odds with their realist counterparts, the "doers" who build and sustain companies. In her talk, Viner largely addressed the dreamers in the room — but the lessons she shared are applicable to everyone. Here are her top three tips for working with those colleagues you may find the most frustrating.

Persons: Beth Viner, Viner, York & San Francisco, DON'T, she's Organizations: Boston Consulting, Stanford Graduate School of Business, York & San, doer Locations: York

☆ Netflix founder says he almost dropped out of Stanford for a different business: 'I was equally as committed to that terrible idea'
▼ + stars: | 2024-05-22 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Before co-founding Netflix, Reed Hastings thought another of his business ideas would become a household name. Specifically, it was a "foot mouse" — where users could control a computer cursor with their feet, Hastings said at a recent Stanford Graduate School of Business event. "It was a terrible idea, but I was equally committed to that terrible idea as I was to Netflix," he said. In the case of the foot mouse, Hastings was a Stanford graduate student at the time, working toward his master's in computer science. He even hired a mechanical engineering graduate student to mockup a prototype.

Persons: Reed Hastings, Hastings, he's Organizations: Netflix, Stanford Graduate School of, Wired, Stanford

☆ Meet Mona Patel, the tech entrepreneur and philanthropist who stole the show at the Met Gala
▼ + stars: | 2024-05-09 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewOn Monday night, the biggest fashion event of the year took place in New York City: the Met Gala . AdvertisementBut few made as many waves as Mona Patel, an entrepreneur who wore a custom Iris van Herpen gown to her first Met Gala. Mona Patel attends the 2024 Met Gala. Mona Patel turned heads at the 2024 Met GalaThanks to the dramatic ensemble she wore to make her Met Gala debut, Patel was among the most talked-about attendees of the event. Mona Patel at the 2024 Met Gala.

Persons: —, Mona Patel, Iris van Herpen, Patel, Sean Zanni, Vogue, Anna Wintour, Emma, John Shearer, Casey Curran, Mike Coppola, Chris Martin, Edgar Martin, Sidney Jamila, Roach — Zendaya's, Roach Organizations: Service, Metropolitan Museum, Art's Costume, Business, Rutgers University, Haute Mona, Forbes, LinkedIn, Harvard Business School, Stanford Graduate School of Business, MIT Sloan School of Management, CareFirst, Couture, Vogue India Locations: New York City, India, Florida, Mumbai

A general view of the atmosphere during The SDI Takeover @ Dave & Buster's in Los Angeles on June 23, 2022Arcade giant Dave & Buster's is taking its games to a new level by offering social wagering on its app. Customers can soon make a friendly $5 wager on a Hot Shots basketball game, a bet on a Skee-Ball competition or on another arcade game. Dave & Buster's, started in 1982, now has more than 222 venues in North America, offering everything from bowling to laser tag, plus virtual reality. The company says it has five million loyalty members and 30 million unique visitors to its locations each year. "We're thrilled to work with Lucra to bring this exciting new gaming platform to our customers,"said Simon Murray, senior vice president of entertainment and attractions at Dave & Buster's.

Persons: Buster's, We're, Lucra, Simon Murray, Dylan Robbins, Michael Madding, Robbins, Madding, Goldman Sachs, Marc Lasry, John Isner, Julie, Zach Ertz Organizations: SDI, Stanford Graduate School, Business, Raptor, SeventySix, Dupr, @ & ' Locations: Los Angeles, North America

☆ A tech company with 30,000 workers is bucking the trend of enforced RTO and letting its employees be completely flexible
▼ + stars: | 2024-04-15 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +3 min

Globant, a software company with nearly 30,000 employees, is letting its workers stay fully remote. AdvertisementWhile many tech companies have enforced workers' return to the office, software company Globant is allowing its nearly 30,000 employees to remain fully remote. Related storiesOther companies haven't been so favorable on remote work and have enforced RTO mandates for at least part of the working week . AdvertisementWhile Dell told employees that if they went fully remote, they would not be considered for promotion. Those who enforce RTO mandates say that it boosts productivity and facilitates collaboration, improving the company's bottom line.

Persons: Bloomberg he's, —, Martin Migoya, Migoya, haven't, Dell, Dan Schawbel, millennials Organizations: Bloomberg, Service, Apple, Meta, Google, Katz Graduate School of Business

☆ The big challenge for Wall Street CEOs this spring: keeping both of their jobs
▼ + stars: | 2024-04-08 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

Read previewA trio of top Wall Street bosses is facing investor agitation this spring over their jobs. The attempts to add more independent oversight to the firms' boards of directors is a public rebuke to those CEOs. Last week, top proxy firms Glass Lewis and Institutional Shareholder Services recommended Goldman and BofA separate their CEO-chair jobs. AdvertisementA cyclical history of splitting CEO and chairman rolesThese proposals cycle in and out of fashion, and Wall Street has seen plenty of similar ballot questions, from shareholders large and small. Large companies — like the trio of Wall Street firms now — were targeted much more often for shareholder proposals to split the jobs than the small companies.

Persons: —, Goldman Sachs, David Solomon, Larry Fink, Brian Moynihan, Glass Lewis, Goldman, BofA, Moynihan Organizations: Service, Goldman, BlackRock, Bank of America, Business, Institutional, Exxon, Stanford Graduate School of Business, Stanford, Wall Street

☆ Ditch these 10 common crutch phrases, says Stanford expert—they ‘undermine our competence and intelligence'
▼ + stars: | 2024-04-04 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

But beware, says Stanford University communication expert Matt Abrahams: They can get you into trouble, by negatively impacting the way other people see you. Crutch phrases often include "hedging language" that water down your sentences and make you seem less smart, he says. "[They] can actually undermine our competence and intelligence," Abrahams, a communication consultant and organizational behavior lecturer at the Stanford Graduate School of Business, tells CNBC Make It. "Saying something like, 'So what I hear you saying is,' demonstrates that you've actually really listened to the person. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Matt Abrahams, Abrahams, I'd, you've, Wharton, I've Organizations: Stanford University, Stanford Graduate School of Business, CNBC, Harvard

☆ Don't overlook these 3 tax moves that could save you thousands, experts say
▼ + stars: | 2024-04-04 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

It could also mean taking a few minutes to click around the deductions page on your tax software to make sure you're not leaving money on the table. Here are three tax moves that experts say people tend to overlook. If you didn't hit your maximum contribution for 2023, you can retroactively direct funds to those accounts for the 2023 tax year. If you have children or other dependents, for instance, your tax prep software will likely guide you to the Child Tax Credit and the Child and Dependent Care Credit. "You're not going to enter something in wrong and the program's not going to give you the Child Tax Credit.

Persons: Mark Jaeger, Hunt, Jaeger, Ed deHaan, deHaan, de Haan Organizations: Child Tax, Care, American Opportunity, Tax, Stanford Graduate School of Business, Research Locations: TaxAct

☆ These 3 tax rules weren't a big deal last year—now they could cost you thousands, experts say
▼ + stars: | 2024-03-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

Some forms that may not have been on your radar last year could drastically raise or lower your bill for tax year 2023, experts say. Here are three tax documents you may have forgotten about last year that could be important this tax season. 1099-INT for savings accountsYou always owed federal income tax on interest from savings accounts. Even if you forgot to report a chunk of your interest income, "the main story is not to panic. For 2023, you may receive a Form 1099-MISC or 1099-B from the financial institution you use to trade crypto.

Persons: Ed deHaan, you've, Mark Jaeger, Jaeger, Matt Metras Organizations: Stanford Graduate School of Business, Federal Reserve, IRS, MDM Financial Services, CNBC Locations: TaxAct

☆ Young Entrepreneurs Find a Way to Indulge Their C.E.O. Dreams
▼ + stars: | 2024-03-15 | by ( Nell Gallogly | ) www.nytimes.com time to read: +1 min

In 2018, Mr. Silva enrolled at the Stanford Graduate School of Business with the goal of starting his own company. “I was going to live the Stanford dream,” he said. Instead of starting a company from scratch — Mr. Silva had co-founded one before business school and even been its chief executive — he could buy one and run it. Mr. Silva, 34, was intrigued. After raising a search fund of more than $30 million from a small group of investors, Mr. Silva bought MásLabor, a Virginia consulting firm specializing in employment visas, in July 2021.

Persons: Edward Silva, Silva, ”, “, —, . Silva, V.C.s Organizations: Stanford Graduate School of Business, Stanford, MásLabor Locations: Virginia

☆ Nvidia boss Jensen Huang credits his work ethic to his time at Denny's washing dishes
▼ + stars: | 2024-03-11 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

Jensen Huang is the cofounder and CEO of $2 trillion computer chip giant, Nvidia. He credits part of his success to the strong work ethic he honed while working at Denny's. AdvertisementJensen Huang is the cofounder and CEO of Nvidia, the $2 trillion chip manufacturer powering the AI revolution. In a recent interview with Stanford's Graduate School of Business, Huang reflected on his early career working minimum wage jobs to explain how he has developed the work ethic to succeed as a CEO. This story is available exclusively to Business Insider subscribers.

Persons: Jensen Huang, —, Huang Organizations: Nvidia, Service, Stanford's Graduate School of Business, Business Locations: Denny's

☆ Nvidia boss Jensen Huang believes CEOs should have the most direct reports
▼ + stars: | 2024-03-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Huang, who oversees 50 direct reports, said that "by definition," CEOs should have the most direct reports of anyone at a company. And taking on more direct reports could help CEOs level the playing field, too. And while Huang manages more people than other big-name CEOs (Amazon CEO Andy Jassy has 16 direct reports), Nvidia has close to 30,000 employees, according to a company report from 2023. While Huang might be an outlier (and overachiever) as a manager, the number of direct reports CEOs are taking on is on the rise. CEOs' direct reports doubled from five in the mid-1980s to close to 10 in the mid-2000s, according to the Harvard Business Review.

Persons: —, Jensen Huang, doesn't, . Huang, Huang, chipmaker, Andy Jassy, Hal Gregersen Organizations: Service, Stanford's Graduate School of Business, Business, Nvidia, Harvard Business, MIT Leadership Center Locations: .

☆ 3 simple ways to become more influential at work, says Stanford expert: ‘There’s nothing more powerful’
▼ + stars: | 2024-03-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

You don't have to be a CEO, or even a manager, to be influential at the office. Getting your coworkers to listen to and support your ideas boils down to just three emotional intelligence techniques, says Stanford University lecturer and communication expert Matt Abrahams. The advice is timely, Abrahams adds: Hybrid and remote work mean most entry- and mid-level Gen Z and millennial employees get less face time with their bosses. "You really are forging your own way and need to get others to at least support, if not follow, the things you're trying to do." Find alliesWhenever you find yourself in a room of people who don't usually work with, you have an opportunity to form new relationships.

Persons: Stanford Graduate School of Business Matt Abrahams, Matt Abrahams, Abrahams, I'm Organizations: Stanford Graduate School of Business, New York Marriott Marquis Hotel, Stanford University, CNBC Locations: New York City

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