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☆ Meet the Enigmatic Man Who Oversees Larry Page's Google Fortune
▼ + stars: | 2024-09-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +22 min

His success has also helped fuel a boom in family offices, a financial structure pioneered by J.P. Morgan and popularized by the Rockefellers. Today there are thousands of family offices globally, with the total number tripling between 2019 and 2023, according to the data provider Preqin. To protect Page, Osborne has long remained hidden, the man behind the megabillionaire's curtain. AdvertisementThe small staff at Koop, Page's family office in Palo Alto, are fiercely committed to Page's privacy. Through his investment in Way2B1, Page is seeking to make money by monetizing the techniques he uses to make money.

Persons: Thomas, Larry Page, Wayne Osborne, Osborne, Koop, —, Wayne, Jeffrey Epstein, Gmail, Page, he's, Larry, Morgan, Morgan Stanley, hasn't, Justin Sullivan, hawking, Sergey Brin, George Pavlov, Mark Zuckerberg, Jeff Bezos, Melinda Lewison, Natasha Pearl, Aston Pearl, James Estrin, Helen Frankenthaler, Minerva, Joseph E, Brooks, Taylor, Mortimer Zuckerman, Zuckerman, he'd, who'd, Koop's, Ken Goldman, Eric Schmidt, Hugh Langley, Michael Floyd, Floyd, Page's, Lucy Southworth, Southworth, It's, Way2B1, it's, Gilles Martin, Hal Bailey Organizations: QS, Osborne, J.P, Google, Harvard Business School, Princeton Theological Seminary, Presbyterian Church, New York Times, Minerva, U.S . News, Boston Properties, Shell, CIA, Energy Technologies, Oceankind, Forbes, Business, Fiji Locations: New York, Caribbean, St, Palo Alto , California, Wayne, Mississippi, Connecticut, Silicon Valley, U.S, Silicon, Palo Alto, Koop, Nola, margarita, Way2B1, Fijian, superyachts, New Zealand, Fiji

☆ Like Biden, many boomers are facing the end of their careers. It brings up feelings of grief and identity loss.
▼ + stars: | 2024-07-22 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

Read previewAfter weeks of calls to replace President Joe Biden as the 2024 Democratic nominee, Biden officially dropped out of the race on Sunday. Despite his desire to seek reelection, Biden stepped down after reports of memory struggles and some Democratic leaders withdrawing their support. While Biden's career trajectory may not be relatable, the pain that can come with retiring is. "Biden spent his entire career and most of his life engaged in this work," Trujillo said. To help her clients figure out their next steps after big life events like retirement, Trujillo said she emphasizes looking at gains and losses.

Persons: —, Joe Biden, Biden, Van Jones, " Jones, Natasha P, Trujillo, they're, Angela Williams, LCSW, Bettmann, Williams Organizations: Service, Democratic, Business, CNN

☆ 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

☆ Prevent low back pain with this simple lifestyle change
▼ + stars: | 2024-06-19 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

Low back pain affects at least 619 million people worldwide, and that number is expected to increase to 843 million people by 2050, according to research estimates. Unfortunately, nearly 70% of people who recover from an episode of low back pain have a recurrence within a year, experts say. Yet there is an easy, free way to prevent low back pain, at least for a while, according to a new randomized clinical trial. People in the study who walked regularly after having at least one episode of low back pain were pain free nearly twice as long as those who did not. “We also discussed simple strategies to reduce the risk of a recurrence of low back pain and instructions on how to self-manage any minor recurrences.

Persons: ”, Mark Hancock, ” Hancock, Hancock, “, Natasha Pocovi, ” Pocovi, ” Ward, Lynn Millar, ” Millar, Millar Organizations: CNN, Macquarie University, Macquarie, physiotherapists, Winston, Salem State University Locations: Sydney, Nes, Winston, Salem , North Carolina

☆ Your vacation was ruined, and the company apologized — with a heartfelt note written by ChatGPT
▼ + stars: | 2024-05-05 | by ( Monica Pitrelli | Poonam Binayak | ) www.cnbc.com time to read: +6 min

'A pretty good job'For all its faults, ChatGPT "does a pretty good job" responding to customer complaints, Natasha said. A screenshot of a discussion about using ChatGPT to write reviews on Airhosts Forum, a website for Airbnb hosts. His company, which counts Priceline, Hopper and AvantStay as customers, uses AI to help customer service agents sound more professional, he said. More discovering itMichael Friedman, CEO of the family-run vacation rental company Simple Life Hospitality, said his company does not use AI to respond to customers. But after learning that other travel companies are, she decided to test ChatGPT with a real-life problem she recently faced.

Persons: Natasha, Reddit, Luca Zambello, Brad Birnbaum, Hopper, Birnbaum, Michael Friedman, …, Aw, Tokudaw, ChatGPT Organizations: CNBC, Airhosts, Airbnb, Mt Fuji Locations: TripAdvisor, Yelp

☆ The Crispiest Chicken Cutlets You Can’t Mess Up
▼ + stars: | 2023-06-05 | by ( Margaux Laskey | ) www.nytimes.com time to read: +2 min

For something equally lovable but a bit less hands-on, try Eric Kim’s ritzy Cheddar chicken breasts. They rely on Ritz crackers and are baked in the oven, which means no Jackson Pollock oil splatters to clean up. Speaking of vegetarians: Priya Krishna calls vegetable pulao “a weeknight staple in many Desi households” because it’s wildly flexible. Not only is it less messy, but I find it’s easier to get an even thickness when the slippery meat is neatly contained. You can do this in advance, then roll or fold up the sheets — meat included — and store in the fridge until you’re ready to bread and fry.

Persons: Eric Kim’s, Jackson Pollock, there’s David, Priya Krishna, ”, Natasha Pickowicz, Guy Organizations: Ritz Locations: Victorian England

☆ Yes, You Can Make a Wedding Cake
▼ + stars: | 2023-06-02 | by ( Natasha Pickowicz | ) www.nytimes.com time to read: 1 min

Ever scroll through a friend’s wedding registry and feel uninspired by the cavalcade of appliances and trinkets? Consider going rogue and asking the couple if you can give them something major: a wedding cake. With their vertiginous tiers, sculpted sugar roses and fondant as smooth as clay, professional wedding cakes are engineered to look good for long stretches of time — some even come with a sneaky Styrofoam layer — but they can fall short in flavor. A more personal homemade cake subverts expectations, and can feel less formal in the best possible way: big, exuberant and celebratory.

☆ Lab-grown breast milk startup Biomilq aims to change infant nutrition — if it can release a product
▼ + stars: | 2023-05-20 | by ( Natasha Piñon | ) www.cnbc.com time to read: +11 min

Biomilq, the company behind the breakthrough, had been working for nearly a decade to replicate the process of making human milk — but outside of the body. While the crisis has highlighted the importance of a resilient formula supply, human milk experts, milk bank advocates and Biomilq all stress the same message: Breast milk is best. The startup will likely take a "gradual approach" to introducing its science via "an early-life nutrition product in partnership with one of these bigger companies," Strickland explained. Breast milk is woefully understudied — to the point that it's difficult "to even say what human milk is from a nutritional standpoint," Perrin explained. The company is researching which aspects of human milk its system is best suited to produce.

☆ How to Wear a Sari? A New Exhibition Counts the Ways.
▼ + stars: | 2023-05-19 | by ( Phyllida Jay | ) www.nytimes.com time to read: +1 min

The sari, in essence, is a six- to nine-yard cloth draped freely around the body. In April, Zendaya wore a sparkling deep-blue sari by Rahul Mishra on a red carpet in Mumbai, India. At the 2022 Cannes Film Festival, the Indian actress Deepika Padukone wore a shimmering gold-and-black sari by Sabyasachi Mukherjee that Vogue France called “the star piece” of the festival. Ms. Poonawalla’s Met Gala sari is among the pieces featured in a new exhibition, “The Offbeat Sari,” opening on Friday at the Design Museum in London. The show, which runs through September, explores how the sari is being newly defined, said Priya Khanchandani, the head of curatorial at the museum.

☆ This company could take lab-grown meat mainstream thanks to a green light from the FDA
▼ + stars: | 2023-05-19 | by ( Natasha Piñon | ) www.cnbc.com time to read: +14 min

Upside Foods' pivotal moment also comes at a key moment in the alternative meat industry. The cultivated-meat industry could have a wider consumer base than previously introduced alternative meat products, because unlike plant-based meats, it's "real" meat — minus the slaughtered animals. And, accordingly, some traditional meat companies have expressed interest in the burgeoning cultivated-meat industry, which one day could become a competitor. The cultivated-meat industry will need a similar boost if it's ever going to become a grocery store staple, Swartz said. The FDA's clearance was a voluntary premarket consultation, which means the agency has no further questions about the safety of Upside's products.

☆ Peloton will offer safety guard for recalled Tread+ treadmill
▼ + stars: | 2023-05-18 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Peloton said Thursday that it would release a rear safety guard for its Tread+ treadmill, working with the U.S. Consumer Product Safety Commission. The Tread+ treadmill has been at the heart of safety concerns surrounding Peloton in recent years. Sales for the treadmill have been halted since a young child died under a Tread+ treadmill in 2021. The safety guard will be offered free of charge to people who own a Tread+ treadmill, the company said in a release.

☆ Peloton shares plunge after CPSC recalls more than 2 million bikes
▼ + stars: | 2023-05-11 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

Peloton shares tumbled Thursday after the U.S. Consumer Product Safety Commission said it is recalling 2.2 million of the company's bikes over injury and fall concerns. The seat post on Model Number PL01 bikes can detach and break unexpectedly during use, according to Peloton and the CPSC. There were 12 reported injuries, including one wrist fracture, related to the part defect, according to an internal Peloton memo. "For Peloton, it was important to proactively engage the CPSC to address this issue and to work swiftly and cooperatively to identify a remedy." The news comes a week after the company reported a wider-than-expected loss for its fiscal third quarter.

☆ Jim Cramer explains how to tell a red flag from a buying opportunity when a stock falls
▼ + stars: | 2023-05-10 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Whether a huge decline in a stock is a buying opportunity or a major red flag largely depends on the industry right now, Jim Cramer said Wednesday. That was the case for Skyworks Solutions and PayPal , which both saw shares tumble on the back of disappointing earnings reports. In theory, PayPal should've been the buying opportunity of the two, Cramer said. Consider it a [possible buying opportunity,]" Cramer said. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market.

☆ Why betting on Home Depot could be a win right now, according to Jim Cramer
▼ + stars: | 2023-05-09 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Buying Home Depot shares could be a win right now, given recent reports suggesting professional contractors are faring better than expected, Jim Cramer said Tuesday. In recent conference calls from Stanley Black & Decker and paint company PPG , the CEOs said professional contractors currently have surprisingly strong backlogs, despite a cooldown on the consumer front. Cramer used the information as a prime example of how to pick high-quality stocks: Anyone eyeing Home Depot and Lowe's right now would be wise to go with the former, since Lowe's is more consumer-oriented, he said. "If you want to bet on contractors who do home refurbishment and home construction, you've got to be betting on Home Depot," Cramer said. Home Depot reports quarterly results on May 16, and how the market moves between now and then could provide an opportunity.

☆ ThredUp to list on alternative stock exchange: 'We're here to make a difference,' CEO says
▼ + stars: | 2023-05-09 | by ( Natasha Piñon | ) www.cnbc.com time to read: +4 min

ThredUp , the clothing-consignment company, announced Tuesday that it's dual listing its stock on the Long Term Stock Exchange, or LTSE, a national securities exchange designed to promote sustainable principles and a long-term focus among investors and businesses. Reinhart says he first read about the market a few years ago and started talks to list on the exchange over the past two years. The new stock exchange wants to "reverse the epidemic of short-term thinking," Ries told CNBC. There are more than a dozen stock exchanges in the U.S., but the majority of all trading occurs on the New York Stock Exchange and the Nasdaq Stock Market, making it difficult for alternatives to gain traction. One other company, the communication platform Twilio , did list on LTSE but it delisted in 2022, citing cost concerns.

☆ Hardcore wrestling fans are torn over the WWE-UFC merger – but they love the drama
▼ + stars: | 2023-05-06 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

For wrestling fans, though, the story's not about those numbers. And wrestling fans aren't afraid to share their opinions. Some are worried that a return to a pay-per-view model for WWE's flagship event, WrestleMania, is on the horizon. The WWE's exclusive streaming deal with Peacock, which includes WrestleMania streaming rights, is set to expire in 2026. In late March, before the UFC deal was announced, WWE CEO Nick Khan said the company keeps fans' price sensitivity in mind.

☆ How Jim Cramer's 'own it; don't trade it' stance on Apple paid off in a hectic market week
▼ + stars: | 2023-05-05 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Jim Cramer has held the same "own it; don't trade it" trading philosophy on Apple for some time now and this week showed that patience in action, he said Friday. Cramer has been banging the drum about four main hurdles in the market right now: Wednesday's Fed meeting, Friday's jobs report, the debt ceiling and Apple earnings. This week, Cramer's patience worked with Apple, he said. The company posted top- and bottom-line beats for the fiscal second quarter, thanks to stronger-than-expected iPhone sales. "I refuse to be shaken out of the world's best company by one errant component supplier, or a couple of joker-brokers, who say, 'Hey, things have gotten weaker,'" Cramer said.

☆ Jim Cramer lays out how to play the impending debt ceiling crisis
▼ + stars: | 2023-05-04 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Turmoil in bank stocks may feel like a looming "train wreck" for Wall Street, but as long as the debt ceiling crisis is resolved it won't destroy the market, Jim Cramer said Thursday. "If we do rally short-term, I recommend taking some profits and then steeling yourself for the debt ceiling fiasco, and then you can buy more." The debt ceiling crisis is just one of four major hurdles Cramer sees in the market right now. But if concerns about the debt ceiling are cleared, that should pave the way for a much more upbeat market, Cramer said. It could potentially reopen the IPO window and usher in good deals, like Thursday's market debut of Johnson & Johnson 's consumer-health spinoff, Kenvue .

☆ Investors all face the same four hurdles right now, Jim Cramer says
▼ + stars: | 2023-05-02 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

There are four main hurdles all investors have to navigate right now, but anyone who does so effectively will see a payoff, Jim Cramer said on Tuesday. Cramer expects the crisis to be resolved in due time, but there could be a hangover for the market over the next few weeks. Apple's stock has moved dramatically, and the quarter will likely need to be stellar for it to keep moving the same way, Cramer added. "Now, all of these issues would be much easier to put to bed if stocks were lower, and that's what's happening," Cramer said. "It's not a bear market, just an interlude, and you have to recognize these four hurdles are a gauntlet, a real gauntlet, that must be traversed."

More than 11,000 film and television writers, who say their compensation doesn't match the revenue generated in the streaming era, are on strike for the first time since 2007-08. Most immediately, this will have a significant impact on late-night shows, where writers are tasked with crafting timely and topical jokes. That's because many shows and films have already wrapped production and will enter the marketplace unaffected by the strike. Instead, they feel they've been shortchanged on compensation as studios, networks and streaming platforms write a new rulebook in real time. Unlike the 2007 strike, writers currently have social media on their side and are rallying on platforms like Twitter, Instagram and TikTok to get their message out.

☆ This earnings season has been 'pretty darn good' and several companies stand out, Jim Cramer says
▼ + stars: | 2023-05-01 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

After hearing from around two-thirds of companies in the Dow Jones Industrial Average this earnings season so far, it shouldn't come as a surprise that the market is so high, Jim Cramer said Monday. "This was supposed to be a bad earnings season, but it's been pretty darn good," he added. In a wide-ranging group of winners Cramer identified, some standout names include Honeywell, Microsoft, and JPMorgan. Honeywell "could be one of the great stories of the entire quarter so far," Cramer said, as its aerospace business accelerates and its refining chemicals business improves. Microsoft has "stolen the earnings season along with Honeywell," according to Cramer, thanks to its impressive numbers from its cloud division plus good numbers from its business software and gaming divisions.

☆ Consumer goods stocks are set to keep running, and it's not too late to buy, Jim Cramer says
▼ + stars: | 2023-04-28 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Food and consumer goods stocks are poised to keep running, Jim Cramer said Friday, at least if no external news drags down the entire market. The resilience of snack and packaged-goods stocks will hold particularly true as debt-ceiling talks flounder, he added. Colgate-Palmolive also rallied following an earnings report that topped revenue expectations. Cramer also saw the same promise in General Mills , which hit a new 52-week high Friday, and Procter & Gamble , which beat earnings and revenue expectations last week. "Even as these consumer-packaged good stocks have run a great deal, I don't think it's too late," Cramer said.

☆ Hasbro, Mattel shares rise as toymakers announce multiyear licensing agreement, increased IP focus
▼ + stars: | 2023-04-27 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

Barbie maker Mattel posted first-quarter results after markets closed on Wednesday that beat revenue expectations but fell short of expectations on the bottom line. Other toy stocks, including Hasbro competitor Mattel and pop culture consumer company Funko , also jumped on Thursday. Toymaker stocks rallied Thursday after rivals Hasbro and Mattel posted quarterly results and offered optimistic comments about how their intellectual property will boost their businesses. Amid the challenging toy and game market, both Hasbro and Mattel are eyeing a future increasingly focused on intellectual property. Hasbro's "Transformers: Rise of the Beasts" from Paramount is slated for a June 9 release, while Mattel's much-hyped "Barbie" movie from Warner Bros. is scheduled for a July 21 release.

☆ UPS shares fall after delivery giant reports disappointing earnings
▼ + stars: | 2023-04-25 | by ( Natasha Piñon | ) www.cnbc.com time to read: +4 min

United Parcel Service shares fell Tuesday after the American trucking and delivery giant reported first-quarter misses on both earnings and revenue. To some analysts, the relatively weak report from UPS hints at a wider economic slowdown, particularly when coupled with CEO Carol Tomé's comments. Tomé told CNBC on Tuesday that a larger, industry-wide decline in retail sales in the month of March impacted UPS as well. Previously, UPS projected revenue between $97 billion and $99.4 billion, versus analysts' estimates of $99.98 billion. In its fourth-quarter earnings call, Chief Financial Officer Brian Newman said the company expected 2023 "to be a bumpy year."

☆ NFL suspends five players for violating gambling policy
▼ + stars: | 2023-04-21 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Five NFL players have been suspended for violating the National Football League's gambling policy, the league announced today. The policy bars anyone in the NFL from engaging in any kind of gambling in league facilities or venues, including practice facilities. The league said its review uncovered no evidence that inside information was used in the gambling at hand. Two other players — Stanley Berryhill and Jameson Williams of the Lions — are suspended from their team's first six regular season games of the year. Berryhill and Williams will be able to participate in offseason and preseason activities, including preseason games.

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