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☆ Goldman Sachs added these global stocks to its 'conviction' lists
▼ + stars: | 2024-07-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Goldman Sachs has refreshed its lists of top global stock picks for July, adding some and removing others. The stocks are featured in the investment bank's "Conviction List - Directors' Cut" which seeks to offer investors a "curated and active" list of 15 to 25 buy-rated stocks. Stocks on the list are selected by a subcommittee designated by the bank's Investment Review Committee for each region. "The subcommittee will collaborate with each sector analyst to identify top ideas that offer a combination of conviction, a differentiated view and high risk-adjusted returns," Goldman Sachs said. The investment bank's analyst Ben Andrews expects the company's organic growth and margins to surpass consensus estimates.

Persons: Goldman Sachs, Ronald Keung, Keung, Goldman, Ben Andrews, — CNBC's Michael Bloom Organizations: bank's Investment, Tencent Holdings China, HK, Hong Kong Stock Exchange, U.S, ISS, Copenhagen Stock Exchange Locations: Asia, Pacific, Europe, Danish, U.S

☆ David Einhorn is suing the former employee who claimed to be his head of macro. Here are the most eye-catching parts of Greenlight's lawsuit.
▼ + stars: | 2024-06-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +8 min

Read previewDavid Einhorn warned James Fishback he was on "thin ice" less than a year after hiring him. Einhorn's firm, Greenlight Capital, is suing his former analyst, Fishback, Tuesday evening in New York. Advertisement"And, since he had absolutely no authority or discretion whatsoever over Greenlight's macro investment portfolio, he was not responsible for generating any profits, let alone 'over $100 million' of profits." Threats to disrupt Greenlight's partner dinnerThe suit claims Fishback threatened to stand outside Greenlight's annual gathering of investors and service providers with letters that "maliciously and disingenuously called into question Greenlight's macro investing abilities." AdvertisementThe review showed that Fishback had "almost no work files saved on Greenlight's network drive, and had engaged in very little activity on Greenlight's computer system.

Persons: —, David Einhorn, James Fishback, Fishback, Greenlight, Greenlight — Fishback, Azoria, Fishback's, Bari, Einhorn Organizations: Service, Greenlight, Business, Azoria Partners, Citi Locations: New York, Greenlight

☆ Read the letter that landed Donald Sutherland his role in 'The Hunger Games'
▼ + stars: | 2024-06-20 | by ( Kirsten Acuna | Caralynn Matassa | ) www.businessinsider.com time to read: +7 min

Many younger fans might know him best as President Coriolanus Snow in "The Hunger Games" franchise, but not everyone might know he campaigned to get the role. But they showed my letter to the director, Gary Ross, and he thought it'd be a good idea if I did it. AdvertisementIt included a discussion of power, Ted Bundy, and the elements of Snow that Sutherland considered most vital to the film. Donald Sutherland in "The Hunger Games: Mockingjay — Part I." Murray Close/LionsgateRoss's response to the letter inspired three scenes of Snow in his rose gardens during the games.

Persons: Donald Sutherland, Coriolanus Snow, Lionsgate's, Suzanne Collins's, Katniss Everdeen, Jennifer Lawrence, Snow, Sutherland, GQ, Gary Ross, it'd, Ted Bundy, Katniss's, Ross, Murray, …, Clinton, Chirac, Mao, Mitterrand, Sterling, They've, I'd, Katniss, who's, Joan of Arc, isn't, we've, Bundy Organizations: Service, Sutherland's, GQ, Capitol, Lionsgate Locations: Texas, There's, Snow, Colorado, Brentwood, Florida

☆ David Einhorn was once the young thorn in the side of executives. Now he's dealing with his own.
▼ + stars: | 2024-05-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn 1996, David Einhorn founded Greenlight with less than $1 million in capital — a good chunk of which came from his parents — at the precocious age of 27. And now the 55-year-old is dealing with something he once was: a thorn in the side. Fishback sued his old firm for defamation in October, which is now in arbitration, according to a person familiar with the case. Thursday, Fishback said he was invited to debate Tesla with his old boss, saying Einhorn didn't understand Musk's company's "core value driver" of autonomy.

Persons: —, David Einhorn, sayer, sneering, Elon Musk, Einhorn, He's, year's Sohn, James Fishback, Fishback's, Fishback, Greenlight, Pharma Bro, Martin Shkreli, — Fishback, Tesla, Fishback —, Free Press —, I'm Organizations: Service, Business, Lehman Brothers, Allied, Tesla, Pharma, Free Press Locations: —, New York, Bari

☆ Long-time quant bigwig Neil Chriss is out at Paloma after just 11 months. It was a year of big hires, a restructuring, and new New York digs.
▼ + stars: | 2024-04-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Chriss — who joined the long-running quant-focused multi-strategy firm in May of 2023 — is "no longer with Paloma," according to a letter sent to the firm's investors Monday. Chriss had been at Millennium for five years prior to joining Paloma and founded his own hedge fund, Hutchin Hill, in 2007. Paloma declined to comment on the rationale for his departure, and Chriss did not respond to requests for comment. But it was not all growth for Paloma while Chriss was at the helm.

Persons: —, Neil Chriss's, Paloma, Chriss —, Chriss, Donald Sussman, Ravi Singh, Goldman Sachs, Chris LaSusa, LaSusa, Steve Cohen, Shaw, Ritter Organizations: Service, Paloma, Business, Industry, Intelligence, Goldman, KCL, D.E, Capital, Ritter Alpha Locations: Hill, Greenwich, New York, Manhattan, Minnesota

☆ US-Russia collaboration has long endured in space. The Ukraine war could ruin it.
▼ + stars: | 2024-04-16 | by ( Tom Porter | Mikhaila Friel | ) www.businessinsider.com time to read: +10 min

The International Space Station has long been a symbol of international cooperation. AdvertisementSince the end of the Cold War, the International Space Station (ISS) has been a symbol of international cooperation. By 1988, 15 nations had agreed to participate in the project, then known as Space Station Freedom. Keystone/Hulton Archive/Getty ImagesThe Soviets had long-standing expertise in aerospace technology, having launched the world's first space station, "Salyut," in 1971. China has completed several unmanned Moon landings, has its own space station, and has developed a sophisticated commercial and military satellite program.

Persons: —, Peggy Whitson, Vladimir Putin, Jill Stuart, Ronald Reagan, Bill Clinton, Terry Virts, Anton Shkaplerov, Marco Tacca, Oleg Artemyev, Denis Matveev, Sergey Korsakov, Virts, Michael Barratt, Matthew Dominick, Alexander Grebenkin, Jeanette Epps, Stuart, Verts, Musk Organizations: Astronauts, Service, Space, Veteran, ISS, Imperial College London, Politics, NASA, European Space Agency, ESA, Inter, Soyuz, Keystone, Hulton, Roscosmos, Reuters, Anadolu, Getty, Imperial College, Baikonur Cosmodrome, Elon Musk's SpaceX, The Independent, CNBC Locations: Russia, Ukraine, Europe, China, Japan, loggerheads, Hollywood, Canada, Soviet Union, Milan, Italy, Luhansk, Luhansk People's Republic, Russian, Baikonur, Kazakhstan, The, Soviet Russia

☆ Mardi Gras just keeps getting bigger and bigger
▼ + stars: | 2024-02-02 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

The economic impact of the 2023 Mardi Gras celebration was $891 million, according to a new study. "The economic impact of Mardi Gras continued to grow as the local and national economy was expanding," Weiss told Business Insider. "You can see that when you see non-locals walking around with Mardi Gras beads in July. Additionally, business conventions that come to the city throughout the year still want the Mardi Gras experience and add to the city's financial boost by putting on mini Mardi Gras events, Weiss said. Additionally, out-of-town visitors are believed to have spent more than $140 million during Mardi Gras, including $84 million on lodging.

Persons: —, Toni L, Weiss, Mardi Gras, ERIKA GOLDRING, Mardi Organizations: Service, Tulane, Mardi, University of New, Las Vegas, Visitors, Gras, Tulane University Locations: New Orleans, Mardi Gras, Mardi, University of New Orleans, Glendale , Arizona

NEW YORK (AP) — It's the end of the road for Kiss. Many Kiss fans said they are not interested in paying to see virtual recreations of the band, including syndicated rock host Eddie Trunk. Political Cartoons View All 1277 Images“I have very little interest in seeing an avatar concert of Kiss, or anyone for that matter,” he said. It in no way is a replacement for the live concert experience. That was a reference to the absence of former Kiss band members from the final shows, despite Stanley's repeated statements that he'd be open to former members appearing in some capacity.

Persons: —, it's, Kiss, Gene Simmons, “, Eddie Trunk, ”, franken, Gary Stevens, Paul Stanley, Peter, Ace, Bruce, Stanley's, Ace Frehley, Peter Criss, Alice Cooper's, Simmons, Gibson Les Paul, Tommy Thayer, Stanley, Criss, Eric Singer, Thayer, ” Stanley, Elvis Presley, We're, ” Dee Snider, Wayne Parry Organizations: Kiss, New York City, Madison, Facebook, Detroit, Detroit Rock City Locations: New, —, New Jersey, Detroit Rock, ”, New York City, Madison, Queens, America, www.twitter.com

Canada Goose parkas, which can cost upwards of $1,900, are sported by Oscar winners, Olympians and Arctic explorers. "When you buy a Canada Goose jacket, you're buying a piece of Canada. Here's how Canada Goose began, grew to billion-dollar status and plans to survive consumer uncertainty. Canada Goose jackets, with their iconic shoulder patches, are such a status symbol that people who wear them are sometimes the target of robberies. "We realized that we could make jackets that are just as good without fur as with fur," Reiss says.

Persons: Dani Reiss, Oscar, Reiss, Goose, Sam Tick, Bean, Eddie Bauer, Reiss's, David Reiss, Canada Goose Organizations: Canada, CNBC, Metro Sportswear Ltd, Antarctica's, Lacoste, University of Toronto, Conservation Alliance, Bain Capital, New York Stock Exchange, People, Animals Locations: Wells, Canada, Poland, Snow, Europe, Asia, paychecks, Toronto, New York

☆ With Gen Z, millennials now the biggest ‘dupe’ shoppers, online culture has ‘flipped the script,’ analyst says
▼ + stars: | 2023-10-31 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

So-called girl math is not the only trend spurred by users on the short-form video app TikTok. "Dupes," short for "duplicate," are cheaper alternatives to premium or luxury consumer products, and they are increasingly popular among Gen Z and millennial shoppers and app users. While nearly one-third of adults, 31%, have intentionally purchased a dupe of a premium product at some point, Gen Z and millennials have higher participation rates: roughly 49% and 44%, respectively, according to Morning Consult. "The online culture of dupe shopping, accelerated by TikTok especially in the last few years, has flipped the script," said Ellyn Briggs, brands analyst at Morning Consult. While shoppers may miss out on the experience luxury products provide, dupes are less expensive versions that help consumers save money and test an item before splurging on the real thing.

Persons: Z, Gen, Ellyn Briggs, that's, Marisa Meltzer, Meltzer, Emily Weiss's Glossier Organizations: TikTok, Morning, Finance Locations: New York

☆ Proxy advisor ISS opposes Stratasys, Desktop Metal merger in 3D printing
▼ + stars: | 2023-09-20 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

"It is not clear that it (the all-stock offer Stratasys made for Desktop Metal) creates value for 3D printer manufacturer Stratasys shareholders," ISS wrote in its note to clients with a headline "vote against acquisition at SSYS meeting." The directors felt this deal was more attractive than others, including overtures from 3D Systems and Nano Dimension. But as Stratasys', Desktop Metal's and 3D Systems' share prices have dropped in the last 52 weeks, ISS argued that 3D Systems' cash and stock offer for Stratasys "holds out an important hedge against further declines." 3D Systems offered to pay $7 in cash and 1.6387 3D shares per Stratasys share, which would leave them owning 46% of the combined company. Stratasys investor Nano Dimension, which owns 14.1% of the company, said last week that it would vote against the merger.

Persons: ISS's, Stratasys, Svea Herbst, Bayliss, Josie Kao Organizations: Services, Reuters, ISS, 3D Systems, Desktop, Systems, Svea, Thomson

Internal Revenue Service agents have claimed in whistleblower testimony the investigation was “slow walked” and the authority of the prosecutor in charge was curtailed by the Justice Department. While the Hunter Biden case is far from typical, it touches on some of the more mundane but less-well-understood aspects of the criminal justice system. Such an order, requiring approval in this case by Garland or another senior Justice Department official, gives the prosecutor what’s typically known as “special attorney” status. This person is not subject to day-to-day supervision of the Justice Department, but must still comply with department regulations, policies and procedures. WHAT ARE SOME OF THE COMPLICATIONS ON THE HUNTER BIDEN CASE?

Persons: Merrick Garland, Hunter Biden, Garland, Joe Biden, –, what’s, David Weiss, Weiss, Biden, Hunter, Gary Shapley, Thomas Sobocinski, —, ” Sobocinski, “ Organizations: WASHINGTON, —, Republicans, Justice Department, Internal Revenue Service, FBI, Drug, Administration, Homeland, Prosecutors, Department, IRS, Delaware U.S, Hunter Biden, HUNTER, Congressional Republicans Locations: U.S, Delaware, Washington and California

☆ Glossier founder Emily Weiss loved asking job candidates, 'Why do you work?' new book says
▼ + stars: | 2023-09-18 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

The beauty brand's founder, Emily Weiss , started the company as an offshoot of her successful beauty blog, Into the Gloss. In " Glossy: Ambition, Beauty, and the Inside Story of Emily Weiss's Glossier ," author Marisa Meltzer interviewed Weiss as well as Glossier employees and former job candidates who described Weiss's hiring tactics. She told Meltzer that there wasn't a right answer but that this question helped her understand what motivated people. AdvertisementAdvertisement"There has to be more to it than just, 'Oh, I need to support my family,'" Weiss told Meltzer. When she replied with a popular company, Weiss told her she hated it.

Persons: Emily Weiss, Marisa Meltzer, Glossier, Weiss, Emily Weiss's Glossier, Meltzer, Weiss, Taco, I'm Organizations: Service, Taco Bell Locations: Wall, Silicon, Glossier

Hunter Biden walks to the motorcade after arriving at Fort McNair, after U.S. President Joe Biden spent the weekend at Camp David, in Washington, U.S., July 4, 2023. The move comes two days after House of Representatives Republicans opened an impeachment inquiry of Joe Biden related to Hunter Biden's foreign business dealings. SPECIAL COUNSEL STATUSWeiss was elevated to special counsel status in August after investigating Hunter Biden's business dealings for years as the U.S. attorney in the Democratic president's home state of Delaware. Hunter Biden has worked as a lobbyist, lawyer, investment banker and artist, and has publicly detailed his struggles with substance abuse. Hunter Biden described in a 2021 memoir dealing with substance abuse issues in his life including crack cocaine use and alcoholism.

Persons: Hunter Biden, Joe Biden, Julia Nikhinson, Joe Biden's, Donald Trump, David Weiss, Biden, Weiss, Hunter, Abbe Lowell, Lowell, Trump, James Comer, Barack Obama, Ashley Biden, Beau Biden, Naomi Biden, Aaron Crawford, Sarah N, Lynch, Jarrett Renshaw, Andrew Goudsward, Tom Hals, Nate Raymond, Scott Malone, Lisa Shumaker, Alistair Bell, Daniel Wallis Organizations: Fort McNair, U.S, Camp, REUTERS, Rights, Republican, of Columbia, District of California, Prosecutors, Republicans, MAGA Republicans, Supreme, Democratic, Trump, DOJ, Justice, U.S . Navy, University of Tennessee, Thomson Locations: Fort, Washington , U.S, U.S, Delaware, Los Angeles, District, Ukraine, China, Ukrainian, Washington, Wilmington , Delaware, Boston

☆ Prosecutors will seek Hunter Biden indictment on gun charge before Sept. 29
▼ + stars: | 2023-09-06 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

The gun charge that Weiss indicates he will seek from a grand jury prohibits people who are users of illicit drugs from possessing a firearm. Federal prosecutors plan to ask a grand jury to indict Hunter Biden , the son of President Joe Biden , on gun-related charge before Sept. 29, they revealed in a court filing Wednesday. But Hunter Biden has been under criminal investigation by the U.S. Attorney's Office in Delaware, which Weiss leads, since 2018. Shortly afterward, Weiss said Hunter Biden would likely face trial in either California or Washington, D.C., for the tax crimes. Weiss's office has said the gun agreement is now off the table, and that it is not valid because it was not signed by the U.S.

Persons: Hunter Biden, Joe Biden, Patrick Daniels Jr, Weiss, Abbe Lowell, Hunter, David Weiss, —, Lowell, Biden, Donald Trump, Trump, Judge Maryellen Noreika, Noreika, Department of Justice —, Merrick Garland, Garland, Hunter's Organizations: U.S, Circuit, Appeals, Government, Mr, NBC News, Attorney's, Republican, Department of Justice, Trump, DOJ, D.C, Probation Locations: Wilmington , Delaware, York, Mississippi, U.S, Delaware, China, Ukraine, noncompliance, California, Washington

☆ MSCI to acquire remaining stake in Burgiss for $697 mln in cash
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Thomas White/Illustration/File PhotoAug 14 (Reuters) - Index provider MSCI (MSCI.N) said on Monday it will acquire the remaining 66% of Burgiss Group, a New Jersey-based provider of data and analytics solutions for investors, for $697 million in cash. The deal will boost MSCI's footprint in the private asset data analytics segment, as Burgiss's dataset covers over 13,000 private asset funds around the world, representing $15 trillion in cumulative investments in 195 countries. Global M&A volumes for the first half of 2023 fell 39%, to $1.38 trillion, according to data from Dealogic. MSCI said it anticipates funding the Burgiss purchase consideration from existing liquidity sources, adding that the transaction is expected to close in the fourth quarter of 2023. Since then, MSCI will have invested a total of $913 million to acquire all of Burgiss, according to the statement.

Persons: Thomas White, MSCI, Jaiveer Singh, Pooja Desai Organizations: Burgiss, Wall, Federal Reserve, Thomson Locations: New Jersey, U.S, China, Bengaluru

[1/2] FILE PHOTO: The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. "We believe (Chriss's) experience sounds highly relevant to PayPal as it reemphasizes focus on small merchants and launches PayPal Complete Payments," William Blair analysts wrote in a note. PayPal Complete Payments is a payments processing solution for small and medium-sized businesses. According to Wolfe Research, his biggest accomplishment was the company's $12-billion acquisition and integration of Mailchimp in 2021. Outgoing CEO Schulman will remain on the board of the company until its next annual meeting of stockholders in May, PayPal said.

Persons: Thomas White, Alex Chriss, Dan Schulman, William Blair, Wolfe, Darrin Peller, Chriss, Schulman, Niket, Pooja Desai Organizations: PayPal, REUTERS, PayPal Holdings, Intuit, eBay, Intuit's, Wolfe Research, Reuters, Thomson Locations: San Jose , California, Bengaluru

☆ I made $340,000 in revenue on Etsy last year selling digital products. Here's how I use simple design tools and AI to boost sales.
▼ + stars: | 2023-07-25 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

Bailey runs an Etsy store that makes about $14,000 a month selling digital tumbler designs. So I quit my job and started an Etsy store called Bailey Designed Co., where I sell custom tumbler designs. In January 2022, I pivoted from print-on-demand products to digital productsI was faced with pandemic supply-chain issues, and I also saw a lot of successful sellers on Etsy who were selling just digital designs. In January, I started my own online courses for people who want to sell digital products without a design background. AI has helped me earn more because it's increased my productivity and volume of designs — and more volume equals more sales.

Persons: Bailey, I'm, Evelyn Weiss, Sandra Di, Wholesale Ted, tumblers, I've, Evelyn Weiss's, it's, Kittl's Organizations: Facebook, Service, YouTube, Wholesale, Canva, Google, Society Locations: Wall, Silicon, Florida, Canva, Etsy

☆ Djokovic beats Wawrinka just before closing time
▼ + stars: | 2023-07-07 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

[1/4] Tennis - Wimbledon - All England Lawn Tennis and Croquet Club, London, Britain - July 7, 2023 Serbia's Novak Djokovic celebrates winning his third round match against Switzerland's Stan Wawrinka REUTERS/Andrew CouldridgeLONDON, July 7 (Reuters) - Stan Wawrinka said he stood no chance of beating Novak Djokovic in their Wimbledon third-round clash on Friday and the Swiss's prediction proved spot on as he was outplayed on Centre Court. His 31st consecutive match win at Wimbledon sent him into the last 16 of a Grand Slam for the 61st time in which he will face Poland's 17th seed Hubert Hurkacz. "He was two points away from extending the match for another day," Djokovic said on court. With the Centre Court roof closed and the lights on, Djokovic took the second set in half an hour. With the clock ticking towards cut-off point, the same one that had snagged Andy Murray's charge against Stefanos Tsitsipas the previous evening, Djokovic finally looked less invincible.

Persons: Serbia's Novak Djokovic, Switzerland's Stan Wawrinka, Andrew Couldridge, Stan Wawrinka, Novak Djokovic, Djokovic, Hubert Hurkacz, Wawrinka, Margaret Court's, Roger Federer's, Andy Murray's, Stefanos Tsitsipas, Martyn Herman, Ken Ferris Organizations: Lawn Tennis, Croquet Club, Wimbledon, Court, Thomson Locations: London, Britain

☆ Alkermes wins battle against Sarissa in closely watched boardroom fight
▼ + stars: | 2023-06-29 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

NEW YORK, June 29 (Reuters) - Alkermes (ALKS.O) beat back activist investor Sarissa Capital Management's boardroom challenge on Thursday when shareholders re-elected all of the biotechnology company's directors in one of the year's most closely watched votes. But investors stuck by the company, which is valued at $5.4 billion, and returned all directors to their seats on the 11-member board. Glass Lewis, ISS's smaller rival, recommended shareholders back all Alkermes directors. Biogen shareholders this week elected Denner's romantic partner, Susan Langer, to fill his seat on the Biogen board after the board had nominated her. Both ISS and Glass Lewis referenced the Biogen matter in their recommendations on how to vote at Alkermes.

Persons: Alkermes, Nancy Wysenski, Sarah Schlesinger, Glass Lewis, Alex Denner, Susan Langer, Schlesinger, Sarissa, Svea Herbst, Bayliss, Chris Reese Organizations: YORK, Capital, Services, ISS, Svea, Thomson Locations: Alkermes, Biogen

The president's son has worked as a lobbyist, lawyer, investment banker and artist, and has publicly detailed his struggles with substance abuse. Hunter Biden disclosed in December 2020 that Weiss's office was investigating his tax affairs. President Biden has long expressed support and pride in his son for overcoming his addiction. The corrupt Biden DOJ just cleared up hundreds of years of criminal liability by giving Hunter Biden a mere 'traffic ticket.' President Biden has two surviving children, Hunter Biden and daughter Ashley Biden.

Persons: Joe Biden's, Hunter Biden, David Weiss, Donald Trump, Trump, Christopher Clark, Hunter, Clark, " Hunter Biden, Biden, Ian Sams, Weiss, James Comer, Comer, Ashley Biden, Beau Biden, Naomi Biden, Aaron Crawford, Crawford, George H.W, Bush's, Neil, Richard Nixon's, Don, Howard Hughes, Sarah N, Lynch, Jeff Mason, Trevor Hunnicutt, Susan Heavey, Tom Hals, Moira Warburton, Doina Chiacu, Heather Timmons, Jonathan Oatis Organizations: Democratic, Republican, U.S . Navy Reserve, Reuters, . Treasury, Republicans, Biden DOJ, University of Tennessee, Thomson Locations: U.S, Delaware, Ukraine, China, Washington, Wilmington , Delaware

☆ Oracle's biggest critic, Goldman Sachs, admits it was wrong about rating the stock a sell
▼ + stars: | 2023-06-13 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Oracle reported a record-breaking $49.95 billion in annual revenue thanks to success in cloud computing. It has convinced its biggest critic, Goldman Sachs, to change its mind about its potential. And on Tuesday, Oracle's biggest critic, Goldman Sachs analyst Kash Rangan, admitted he was wrong. He did gracefully swallow his pride enough to admit that since he first imposed the sell rating, the stock has climbed 46%. And he's also got his eye on Oracle's cash situation, given how expensive it is to build and maintain data centers.

Persons: Goldman Sachs, there's, Oracle's, Kash Rangan, Rangan, he's, What's, Safra Catz, it's, Morgan, Keith Weiss, luke, Weiss Organizations: Oracle, Morning, Yahoo Finance, Microsoft

☆ Peter Thiel would back Ron DeSantis — but he isn't ditching Silicon Valley for Miami anytime soon due to high home prices
▼ + stars: | 2023-05-05 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

Home prices in the state have been on the rise after tech workers flocked to the state during the pandemic. Rising home prices and property taxes followed. Single-family property taxes in the city increased by 12.6% from 2021 to 2022. "That kind of economic cost is probably not enough to offset all the wokeness in the world," Thiel said on Weiss's podcast. The discussion came up as he and Weiss discussed Florida Governor Ron DeSantis as the potential Republican presidential nominee.

☆ How one trader is positioning his portfolio with the March CPI report in the books
▼ + stars: | 2023-04-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Investing veteran Stephen Weiss said he's still patiently waiting to deploy capital in the stock market as Wednesday's cooler-than-expected inflation report didn't serve as an all-clear. "Inflation is still stubbornly high," said Weiss, a regular on CNBC's "Halftime Report." Excluding food and energy, the core CPI increased 0.4% and 5.6% on an annual basis, both as expected. The chief investment officer at Short Hills Capital Partners believes that the market valuation is still too high even as earnings declined. Weiss said he's going to be opportunistic until there's clarity of the economic picture.

☆ See Glossier founder Emily Weiss's wild ride from Teen Vogue 'super intern' to head of the billion-dollar beauty brand — and what's next now that she's no longer CEO
▼ + stars: | 2023-03-07 | by ( Mary Hanbury | ) www.businessinsider.com time to read: 1 min

Emily Weiss was the CEO of Glossier, a beauty company that started online and found success in selling makeup directly to customers through Instagram. AP Photo/Mary AltafferWeiss moved to New York at 18 to study at New York University, majoring in studio art. It was at this point that she made her first foray into the fashion and beauty realm by taking up a three-day-a-week internship at Teen Vogue during her studies.

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