DIRS.INFO The most relevant business & tech news

☆ Reed Hastings is using Netflix's divisive management principle at his newest project: one of North America's biggest ski resorts
▼ + stars: | 2024-12-02 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

AdvertisementReed Hastings is applying a Netflix management technique to his latest venture: a Utah ski resort. And he's using some of his signature management philosophies with Powder Mountain, chiefly the "keeper test" and high compensation. "The 'Keeper Test' is: If someone was going to quit, would you work hard to keep them to change their mind?" Over in Utah, Hastings is remaking a ski resort about 80 miles north of Park City. Part of the ski resort, which has been around since the 1970s, was closed off to the public in favor of homeowners and private skiing.

Persons: Reed Hastings, Hasting, Hastings, underperformers, doesn't Organizations: Netflix, New York Times Locations: Utah, Hastings, Park City

“We have posts that are exactly the same on Twitter and on Bluesky, and with those identical posts, Bluesky is getting 20 times the engagement or more than Twitter,” Pittman said. On Sunday, Musk confirmed the platform has deprioritized posts including links, which was how journalists and other creators historically shared their work. Rose Wang, Bluesky’s chief operating officer, quoted the Guardian’s stats, writing: “We want Bluesky to be a great home for journalists, publishers, and creators. Journalists who belong to and cover issues affecting marginalized populations have found Bluesky to be a much more welcoming environment. “Journalists don’t like toxicity and toxic comments.

Persons: Ashton Pittman, Pittman, X, ” Pittman, Elon Musk, Musk, ”, Phil Lewis, retweets, it’s, Rose Wang, Bluesky, Jack Dorsey, Erin Reed, Reed, Talia Lavin, Lavin, I’m, ” Lavin, Aaron Kleinman, ” Kleinman, he’s, she’s, “ Organizations: Mississippi Free Press, Twitter, Elon, NBC News, Guardian, Boston Globe, Journalists, Nazi, States, “ Locations: Mississippi, Bluesky

☆ Rural uprising over British tax change that critics say will hammer family farms
▼ + stars: | 2024-11-30 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +5 min

LONDON — The countryside came to the capital as thousands of farmers packed into London streets around Britain’s Parliament to protest changes to tax rules. Some drove tractors, others brought hay bales, many carried signs saying “no farms, no food.” All were protesting against the new Labour government’s decision to tax inherited agricultural property. Despite the gray skies and wet weather, thousands of farmers gathered in central London. “Ministers claim the inheritance tax cap hits only the rich, but it could put 70,000 farms — big and small — at risk. We are not — claiming that 70,000 farms will shut down or have to pay the tax a year.” The website defines a generation as 40 years.

Persons: ” Tom Bradshaw, Keir Starmer’s, Rachel Reeves, Mark Kerrison, Starmer, Victoria Vyvyan, Richard Baker, Jeremy Clarkson, Steve Reed, ” Organizations: Labour, National Farmers Union, NBC, Group, Department for Environment, Food & Rural Affairs, Agricultural, Business Property Relief, Institute for Fiscal Studies, Country Land and Business Association, Britain’s Treasury, Farmers, Getty, JCB Locations: London, Britain’s, U.S, Brazilian, Rio de Janeiro, Union

☆ NFL Thanksgiving review: Disastrous missed timeout costs Bears against Lions, Cowboys continue improbable playoff push, Packers blitz past Dolphins
▼ + stars: | 2024-11-29 | by ( Ben Morse | ) edition.cnn.com time to read: +8 min

CNN —While people tucked into their turkey, there was plenty of football for fans to also enjoy on Thanksgiving. Three Jake Bates field goals and a Sam LaPorta touchdown catch had it looking like Detroit would comfortably roll to an 10th-straight win. Carlos Osorio/APCowboys continue improbable playoff pushThe Dallas Cowboys continued their improbable late-season playoff push as they beat their NFC East division rivals, the New York Giants, 27-20 in Thanksgiving’s second game. “Well, where we are, I haven’t really had time to think past even the quarter, as far as can we get us a win,” Cowboys owner Jerry Jones told reporters afterwards. The win improves the Packers to 9-3 and sets up a huge NFC North clash with the Lions next week at Ford Field.

Persons: Matt Eberflus, Jake Bates, Sam LaPorta, Caleb Williams, Keenan Allen, DJ Moore, Williams, Mike Mulholland, would’ve, Williams hustled, Eberflus, ” Eberflus, “, they’ve, David Montgomery chowed, David Montgomery, Carlos Osorio, Dak Prescott, Dallas, Micah Parsons isn’t, ’, it’s, ’ ” Parsons, Fox Sports ’ Erin Andrews, Cooper Rush, Rico Dowdle, Rush, Dowdle, Sam Hodde, Tyrone Tracy Jr, Drew Lock, Brandon Aubrey, Jerry Jones, We’ve, We’ll, Jordan Love, Jayden Reed, Josh Jacobs, Brandon McManus, Jacobs, Eddie Lacy, Atlanta’s Bijan Robinson, Morry Gash, Tua, Tagovailoa, Matt LaFleur, ” Organizations: CNN, NFL, Lions, Bears, Chicago, Detroit Lions, Ford Field, Detroit, AP Cowboys, Dallas Cowboys, NFC East, New York Giants, Cowboys, ‘ America’s, Fox Sports, Giants, “, NFL.com, Dallas, Rico, ” Cowboys, Cincinnati, ” Packers, Dolphins, Green Bay Packers, Miami Dolphins, Lambeau Field, Green, Packers Locations: Detroit, Dallas, Green, Thanksgiving’s, Motor City, Chicago, Rome, Wisconsin

☆ Analysis: Tariff-happy presidents are not what the Constitution envisioned
▼ + stars: | 2024-11-27 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

The tariffs might also violate the very trade agreement Trump negotiated with Mexico and Canada during his first term. This is not what the Constitution envisionedAfter all, the Constitution specifically gives Congress, not the president, the power to “regulate Commerce with foreign Nations.”How does Trump have the power to impose tariffs without any input from Congress? It’s pretty much the opposite of what’s in the Constitution, and it didn’t happen right away. In 1934, they passed the Reciprocal Trade Agreements Act, which gave the president power to lower import duties for countries with which the US had trade agreements. In the 1970s, Congress gave the president new trade promotion authority power to negotiate trade agreements and then have Congress ratify them without amendment.

Persons: CNN —, Donald Trump’s, Trump, Doug Irwin, ” Smoot, Hawley, Sen, Reed Smoot, Willis Hawley, Smoot, Franklin D, Roosevelt, Irwin, it’s, Barack Obama, Joe Biden, Trump’s, Qilai Shen, ” Irwin, ’ Trump’s, CNN’s Priscilla Alvarez, ”, Alvarez, Claudia Sheinbaum, “ Organizations: CNN, Trump, Nations, Dartmouth College, Democratic, Trump’s Commerce Department, GOP, Congress, Workers, Bloomberg, Getty Locations: Canada, Mexico, China, what’s, Utah, Willis Hawley of Oregon, Europe, Pacific, Shanghai

☆ Celebrity lookalike contests are taking over the internet. But they aren’t new
▼ + stars: | 2024-11-25 | by ( Leah Dolan | ) edition.cnn.com time to read: +9 min

It feels all the more fitting then, that amid today’s geopolitical conflicts, increasing climate catastrophes and economic uncertainties, we’re seemingly hooked on celebrity lookalike contests. But the idea of a lookalike contest is in fact a time-honored form of entertainment. Nine girls in a Fox Films and Daily Telegraph Shirley Temple lookalike contest in Sydney, Australia, October 1934. For the last 40 years, a bar in Key West, Florida has been staging an annual Ernest Hemmingway lookalike competition. Humanity isn’t fixed.”Oscar Journeaux won the Harry Styles lookalike competition on November 9 in London.

Persons: Timothée Chalamet, jostle, YouTuber Anthony Po, Oscar, ” Reed Putman, ”, Paul Mescal, Harry Styles lookalikes, Matthew Chattle, Max Braunstein, Glen Powell, Mikala Compton, Harry Styles, Dev Patel’s doppelgänger, Zayn Malik’s, Jeremy Allen White, White, Carmy, —, White’s, Daily Telegraph Shirley Temple, Charlie Chaplin, Dolly Parton, Shirley Temple, femme, Myrna Loy, Alice Faye, Katharine Hepburn, Ernest Hemmingway, Ellis Cashmore, “, Oscar Journeaux, Leon Neal, Angie Huntley, Jim Wilkes, Cashmore, ” Andy Harmer, David Beckham, Lookalikes, it’s, ” Harmer, Beckham, Victoria Beckham, Andy Harmer, Camilla Shadbolt, David, Fiona Hanson, Denise Ohnona, Kate Moss, Ohnona, Stephane Cardinale, Corbis, Manel Esteller, Harmer, Vetements, “ She’s, You’re, ” Miles Mitchell, Stefan Jeremiah, lookalikes Organizations: CNN, Washington, “, Gaelic Athletic Association, American, Statesman, USA, Marlboro Reds, Fox Films, Daily Telegraph, Mitchell Library, State Library of New, Cleveland Food, Toronto Star, Argentina, University of Barcelona’s School of Medicine, Cell, Paris Fashion Locations: Ireland, London, Austin , Texas, San Francisco, New York, Chicago, “ The, Oakland , California, Sydney, Australia, State Library of New South Wales, Hollywood, Santa Monica, Cleveland, Key West , Florida, British, Toronto, Canada, Victoria, Lancashire

☆ How the Trump administration and congressional Republicans may crack down on pro-Palestinian protesters
▼ + stars: | 2024-11-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Simone-Weichselbaum.Jpg | Simone Weichselbaum | ) www.nbcnews.com time to read: +14 min

Some of the nation’s leading civil rights groups told NBC News that they are gearing up for a flood of legal battles to protect the protesters. Under Rubinstein, America First Legal has in the past year filed four lawsuits that provide a glimpse into how the Trump administration could differ from its predecessor. America First Legal alleges in the suits that the State Department, the Justice Department, the Department of Homeland Security and the Department of Education have protected pro-Hamas extremists. Rubinstein in an interview brought up an additional law he expects a second Trump administration could enforce. The Knight Institute said although it expects the new Trump administration to aggressively police speech, it is prepared to fight back.

Persons: Donald Trump, Trump, they’re, Biden, he’s, ”, Ben Wizner, Sen, Joni Ernst, Ernst, CUAD, ” Ernst, Elisha Baker, Reed Rubinstein, Stephen Miller, Miller, Rubinstein, “, ” Rubinstein, aren’t, Department didn’t, Spokespeople, SJP, Edward Ahmed Mitchell, Mitchell, Joe Biden, ” Mitchell, Vince Warren, Esther, —, ” Warren, Knight, Jameel Jaffer, Wizner, isn’t, ” Wizner, Kenneth Marcus, George W, Bush, Louis D, Marcus, Marcus ’, ” Marcus, Trump’s, ” Trump Organizations: Republicans, Trump, NBC, Hamas, U.S . Justice Department, U.S, NBC News, American Civil, Technology, ’ Biden, Justice Department, . Immigration, Customs Enforcement, “, FBI, Columbia University, Columbia University Apartheid, Flyers, U.S . Education Department, America, Washington , D.C, State Department, Department of Homeland Security, Department of Education, Department, Foreign, Education Department, Chicago, Department of Justice, Chicago Police Department, Center for Constitutional Rights, ACLU, Islamic Relations, Muslim, ”, Republican, Trump Justice Department, Heritage Foundation, Knight, Biden Treasury Department, of Education’s, Civil Rights, Brandeis Center for Human, of Education, The, Education, Republican Party, Jewish Locations: Gaza, Washington, U.S, ’, Iowa, Washington ,, FARA, Chicago, Israel, Vietnam, York

☆ 2024 NFL Week 12: Sunday’s standout games and what to look out for
▼ + stars: | 2024-11-24 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

Week 12 began with the Cleveland Browns beating the Pittsburgh Steelers in snowy conditions on Thursday Night Football. It’s a bumper week of teams on bye in Week 12 with six – the Atlanta Falcons, Buffalo Bills, Cincinnati Bengals, Jacksonville Jaguars, New Orleans Saints and New York Jets – all having some time to recalibrate. San Francisco 49ers vs. Green Bay Packers – 4:25 p.m. Before Sunday’s game, Murray spoke about his time with Petzing and why it’s been so successful so far this season. ETSan Francisco 49ers vs. Green Bay Packers – 4:25 p.m.

Persons: Christian McCaffrey, Brandon Aiyuk, Nick Bosa, Kyle Shanahan’s, McCaffrey, Lachlan Cunningham, Matt LaFleur, Quarterback Jordan Love, Bo Melton, Jayden Reed, Christian Watson, Dontayvion Wicks, Shanahan, LaFleur, “, ”, ” Love, Michael Reaves, Lumen, Kyler Murray, Drew Petzing, James Conner, Trey McBride, Michael Wilson, Marvin Harrison Jr, Murray, it’s, ” Murray, there’s, Mark J, Reuters “, Mike Macdonald’s, Macdonald, Geno Smith, It’s, that’s, Jarran Reed, Steph Chambers, Saquon Barkley, Barkley, Pro Football Hall of Famers Eric Dickerson, Edgerrin James, Ezekiel Elliott, Eric Hartline, Jalen, Justin Fields, Josh Allen, Nick Sirianni, he’s, We’ve, we’re, – Cooper, – Organizations: CNN, Cleveland Browns, Pittsburgh Steelers, Atlanta Falcons, Buffalo Bills, Cincinnati Bengals, Jacksonville Jaguars, New, New Orleans Saints, New York Jets, San Francisco 49ers, Green Bay Packers, 49ers, Kansas City Chiefs, Niners, Seattle Seahawks, Packers, NFL.com, Bowl, Getty Images Arizona Cardinals, Seattle Seahawks –, NFL, The Arizona Cardinals, Cardinals, Veteran, USA, Sports, Reuters, Seahawks, Seattle, Getty, Philadelphia Eagles, Los Angeles Rams, SoFi, Eagles, Rams, Pro Football Hall of Famers, Dallas Cowboys, Sunday, Football, Buffalo, NFC, Carolina Panthers, Minnesota Vikings, Chicago Bears, Tennessee Titans, . Houston Texans –, Detroit Lions, Indianapolis Colts, New England Patriots, . Miami Dolphins –, Tampa Bay Buccaneers, . New York Giants, . Washington, Denver Broncos, Las Vegas Raiders, Arizona Cardinals Locations: New Orleans, Francisco, San Francisco, Green, Bo, Washington

☆ Former BP Chief Joins A.I. Data Center Developer
▼ + stars: | 2024-11-24 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: +1 min

Bernard Looney, the former chief executive of BP, one of the world’s largest energy companies, said Sunday that he would become chairman of a data center start-up in the United States, a move that comes amid a ravenous appetite for electricity to power the boom in artificial intelligence. The company, called Prometheus Hyperscale, plans to build a $10 billion data center on a 640-acre site in Evanston, Wyo., carved out of the family ranch of the company’s founder and chief executive, Trenton Thornock. The hope is to attract companies like Amazon, Microsoft or Google with mushrooming needs for computer power, Mr. Looney said in an interview. Prometheus plans to expand in the United States and internationally, he added. I’ll be helping them with strategy.”Mr.Looney, 54, left BP last year after acknowledging that he failed to properly disclose personal relationships with colleagues.

Persons: Bernard Looney, Hyperscale, Looney, Prometheus, I’ll, ”, “ I’ll, ” Mr.Looney Organizations: BP, Trenton, Microsoft Locations: United States, Evanston, Wyo, Trenton Thornock

☆ DOJ says Trenton police violate civil rights, engage in unconstitutional conduct
▼ + stars: | 2024-11-22 | by ( Nbc New York | ) www.nbcnews.com time to read: +5 min

“Police officers must respect people’s civil and constitutional rights and treat people with dignity,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division in a statement on the report. “After an extensive review, we found that police officers in Trenton routinely failed to respect the Fourth Amendment rights of those who call Trenton home. Also, the report noted, since 2021, accusations of officer misconduct has cost the city more than $7 million to resolve lawsuits. “When police stop someone in Trenton, our investigation found that all too often they violated the constitutional rights of those they stopped, sometimes with tragic consequences. “Even prior to the USDOJ review, the City and the [Trenton Police Department] had already begun to change policies and practices that prioritize community safety, accountability, and respect for civil liberties.

Persons: ”, Kristen Clarke, ” ‘, stomped, Clarke, Philip R, Sellinger, Reed Gusciora, ” Gusciora, “ Organizations: Federal Department of Justice, Trenton Police Department, U.S . Constitution, U.S . Department of Justice, “ Police, Justice Department’s Civil Rights Division, Trenton, Justice Department, “, U.S, District of, Trenton Mayor, Constitution, Internal Affairs, Department of Law, Public Safety, Department of Community Affairs Locations: Trenton , New Jersey, U.S ., Trenton, Trenton , NJ, District of New Jersey, City

☆ One of the world's richest families plans to create Paris's next big soccer success
▼ + stars: | 2024-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

"There is an anomaly in French football and in Parisian football, that it is probably the only big city in Europe with only one big football club. France's billionaire Arnault family, owners of luxury group LVMH and one of the richest dynasties on the planet, is preparing to secure majority ownership of minor soccer club Paris FC — but sees any sporting turnaround as a long-term aim. Antoine Arnault speaks to the media during the Paris FC press conference at Groupe ADP – Centre d’entrainement Paris FC on November 20, 2024 in Orly, France. Asked by CNBC whether he saw Paris FC as a potential challenger, Arnault said: "That would be very immodest of us, to even compare ourselves to Paris Saint-German. Arnault told CNBC that if his family wanted a "trophy asset," they would have looked elsewhere.

Persons: Arnault, CNBC's Charlotte Reed, Red Bull, Antoine Arnault, Bernard Arnault, Bull, Germain, We're, Jürgen Klopp, Ryan Reynolds, Rob McElhenney Organizations: Paris FC, Associated Press, CNBC, Leipzig, Austria's, Paris FC —, Groupe ADP –, d’entrainement Paris FC, Qatari, titans Paris Saint, French, Paris Saint, League, Champions League, Liverpool, Premier League, Welsh, Wrexham AFC —, Bull Locations: Europe, Paris, Austria's Salzburg, Orly, France, English, Leipzig, Salzberg

☆ Alec Baldwin's 'Rust' earns polite response at world premiere as Halyna Hutchins honored
▼ + stars: | 2024-11-20 | by ( ) www.nbcnews.com time to read: +5 min

Over three years after the accidental on-set death of cinematographer Halyna Hutchins, Alec Baldwin's Western film “Rust” received a polite response during its controversial premiere Wednesday at the EnergaCamerimage festival in Toruń, Poland. The audience clapped through the film’s closing credits, strengthening their applause when a dedication to Hutchins appeared. The premiere opened with Camerimage director Marek Żydowicz asking the audience to stand for a moment of silence for Hutchins. Cinematographer Rachel Mason, Hutchins’ friend who made a documentary about the completion of the film, then made an emotional speech. Additionally, AFI launched the Halyna Hutchins Memorial Scholarship Fund.

Persons: Halyna Hutchins, Alec Baldwin's, Rust ”, Hutchins, Joel Souza —, New Mexico —, Bianca Cline, Alec Baldwin —, Baldwin, Hutchins ’, Olga Solovey —, Baldwin —, Matthew Hutchins, “, Marek Żydowicz, Rachel Mason, ”, doesn’t, Joel Souza, Wojtek Radwanski, Żydowicz, Halyna’s, Halyna, ” Mason, ” Souza, Cline, ” Cline, you’ll, ” Hutchins, Rust, he’s, armorer Hannah Gutierrez Reed Organizations: Getty, America Society of Cinematographers, AFI Locations: Toruń, Poland, New Mexico, AFP, Camerimage, EnergaCamerimage, Wyoming

☆ Alphabet's VC arm backs little-known SAP rival Odoo, boosting valuation to $5.3 billion
▼ + stars: | 2024-11-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo. OdooOdoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet 's venture fund and Sequoia Capital. "The reason everybody [has] failed [in this market] is that it's quite complex," Pinckaers told CNBC. The last time Odoo secured primary funding was in 2014, when it raised $10 million in a Series B round. Prior to the latest secondary round, Odoo was most recently valued by investors at 3.2 billion euros.

Persons: Fabien Pinckaers, Odoo, Pinckaers, Andrew Reed, Reed, He's, Billings, aren't, Alex Nichols, CapitalG, he's, bootstrapping, Odoo hasn't, Wallonie Organizations: Belgian, SAP, Sequoia Capital, CNBC, Enterprise, Sequoia, Summit Partners Locations: Belgium, India, billings, Sequoia

☆ Meet the Jersey Mike's founder now worth $7.5 billion after selling his sandwich chain to Blackstone
▼ + stars: | 2024-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

AdvertisementMeet Peter Cancro, the Jersey Mike's founder who's selling the sandwich chain to Blackstone. The founder and CEO of Jersey Mike's is now worth an estimated $7.5 billion, propelling him into 390th place on the Bloomberg Billionaires Index. Blackstone said Tuesday it had agreed to buy a majority stake in Jersey Mike's. Jersey Mike's is the second-largest sandwich chain after Subway. Justin Sullivan/Getty ImagesCancro changed the company's name to Jersey Mike's when he began franchising in 1987.

Persons: Peter Cancro, Cancro, that's, Netflix's Reed Hastings, eBay's Jeff Skoll, Giorgio Armani, Mark Cuban, Blackstone, Jersey Mike's, It's, Danny DeVito, Justin Sullivan, — Organizations: Bloomberg, Jersey, —, Hilton Locations: Jersey, Blackstone, Jersey Mike's, Jersey Shore

☆ Why Joe Douglas never stood a chance as Jets GM
▼ + stars: | 2024-11-19 | by ( Zack Rosenblatt | Dianna Russini | ) www.nytimes.com time to read: +11 min

When he spoke to the media (for the last time as Jets GM) on Nov. 6, Douglas looked defeated. It included Johnson, Douglas, vice chairman Christopher Johnson, team president Hymie Elhai, and Ira Akselrad, an adviser to Johnson. From then on, many in the Jets organization described Douglas as a shell of himself. Multiple team sources believe this was a matter of Johnson’s preoccupation with social media factoring into the Jets’ decision-making. Ultimately, it’s difficult for any general manager to survive six years without sniffing the postseason.

Persons: Joe Douglas, blankly, Douglas, Woody Johnson, Johnson, Phil Savage, Christopher Johnson, Hymie Elhai, Ira Akselrad, Robert Saleh, Nathaniel Hackett, Jeff Ulbrich, Brant Boyer, Aaron Rodgers, Tyrod Taylor, Rodgers, benching Rodgers, Saleh, Douglas ’, Bryce, Rex Hogan, Hogan —, Douglas’s, Woody, ”, Chad Alexander, Johnson didn’t, “ They’re, “ Joe, Jerry Jeudy, Allen Lazard, Jeudy, Tyron Smith, Mike Williams, Smith, Smith —, Williams, Haason Reddick, Reddick, Johnson wasn’t, Ulbrich, Davante Adams, Tony Adams, didn’t, Adams, it’s, Johnson won’t, Zach Wilson, Gardner, Garrett Wilson, Jermaine Johnson, Breece, Quincy Williams, John Franklin, Myers, John Simpson, Douglas wasn’t, Trump, wouldn’t, Michael Silver, Kirby Lee Organizations: Jets, Acrisure, The Jets, Jets GM, Denver Broncos, Broncos, of Famer, Los Angeles Chargers, Athletic, Cleveland Browns, Dallas Cowboys, Pittsburgh Steelers, Pro, Eagles, Philadelphia Locations: Pittsburgh, Atlanta, Ulbrich, Reed, United Kingdom

☆ Meet Wall Street billionaire Howard Lutnick, Donald Trump's nominee for commerce secretary
▼ + stars: | 2024-11-19 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +1 min

AdvertisementDonald Trump has tapped Wall Street CEO Howard Lutnick for commerce secretary. Lutnick has spent over three decades running Cantor Fitzgerald, an investment bank in New York. Howard Lutnick, the CEO of Wall Street investment bank Cantor Fitzgerald, has been named the next US secretary of commerce for Donald Trump. AdvertisementThe Wall Street veteran has spent his career at financial-services firm Cantor Fitzgerald, where he has been president and CEO since 1991. Here's a look at Lutnick's rise from "middle-class Long Island" to Wall Street boss and what his new role could mean for the investment bank he heads.

Persons: Donald Trump, Howard Lutnick, Lutnick, Cantor Fitzgerald Organizations: Wall, Commerce Department, Senate, Street, Trump Locations: New York, Wall Street, China

☆ Corporate borrowing is on a roll. Goldman's debt financing head breaks down the trends.
▼ + stars: | 2024-11-19 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +7 min

The return of DCM activity signals that borrowers are gearing up for corporate dealmaking to return. Goldman's global head of financing broke down the trends in an interview with BI. On Wall Street, corporate borrowing is on a roll. Many of those clients are large companies or organizations being advised by Goldman's investment bankers, which means the DCM business is directly reliant on deal flow. AdvertisementGoldman CEO David Solomon ran Goldman's leveraged finance group before taking over its financing business, including debt and equity capital markets and derivatives.

Persons: Goldman Sachs, Donald Trump, Vivek Bantwal, Bantwal, We've, we've, Goldman, David Solomon, David Solomon Jeenah Moon, Denis Coleman, refinancings, weren't Organizations: University of Pennsylvania's Wharton School, Getty, Underwriters, Wall, Bloomberg, Getty Images Goldman, Goldman, Blue

☆ In pictures: Tennis legend Rafael Nadal
▼ + stars: | 2024-11-18 | by ( Emmalee Reed | ) edition.cnn.com time to read: +1 min

Rafael Nadal, one of tennis’ all-time greats, is retiring from the sport. The 38-year-old Spaniard is playing his final tournament this week at the Davis Cup finals. He last played at the Paris Olympics, but continuing injury struggles have severely limited his time on the court over the past two seasons. “It is obviously a difficult decision, one that has taken me some time to make,” he said last month in a video posted on social media. “I leave with the absolute peace of mind of having given my best, of having made an effort in every way,” Nadal said.

Persons: Rafael Nadal, ”, ” Nadal, Novak Djokovic, Clay, “ Organizations: Davis, Paris Olympics, Olympics Locations: Spain

☆ The hidden dangers of parabolic stock moves — and how to best handle them
▼ + stars: | 2024-11-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

People always ask me why I dislike parabolic moves. In other words, parabolic moves force you to be a trader. I will fight no one who wants to buy Palantir because I sense that one will be the last name to go down. But parabolic moves are intoxicating. If we just had the 10-year bond move to 5%, I wouldn't even bother addressing the hidden dangers behind parabolic moves.

Persons: —, it's, Nvidia disappoints, Elon Musk, Robert F, Kennedy Jr, that's, Buffett, Warren, didn't, Fox, Richard Nixon, there's, Jim Cramer's, Jim Cramer, Jim, Alex Karp, Stefani Reynolds Organizations: York Stock Exchange, Nvidia, GameStop, SpaceX, RFK Jr, Health, Human Services Department, Apple, Amazon, Fox News, Republicans, Justice Department, Nuclear ETF, Jim Cramer's Charitable, CNBC, U.S, Senate, Intelligence, Capitol, Washington , D.C, Afp, Getty Locations: There's, Washington, Washington ,

☆ Watch CNBC's full interview with former French President François Hollande
▼ + stars: | 2024-11-15 | 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 EmailWatch CNBC's full interview with former French President François HollandeFrançois Hollande, former president of France, joins CNBC's Charlotte Reed to discuss French politics, the budget deficit and the impact of Donald Trump's election win on Europe.

Persons: François Hollande François Hollande, Charlotte Reed, Donald Trump's Locations: France, Europe

☆ Democratic senators call for probe into Musk's Russia calls: Reuters
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +2 min

Reports that billionaire Elon Musk has held multiple calls with Russian officials, including President Vladimir Putin, should be investigated by the Pentagon and law-enforcement agencies on national-security grounds, two senior Democratic senators said in a letter seen by Reuters on Friday. Musk, who has been appointed to a senior government role by Republican President-elect Donald Trump, oversees billions of dollars in Pentagon and intelligence-community contracts as CEO of aerospace company SpaceX. Several Democratic lawmakers have publicly called for a probe into Musk's communications with Moscow since a Wall Street Journal report last month on the alleged contact, but the letter to the U.S. officials who could launch such an investigation has not been previously reported. SpaceX, Musk and the Pentagon did not immediately respond to requests for comment. The Pentagon and Justice Department did not immediately respond to similar requests.

Persons: Elon Musk, Donald Trump, Vladimir Putin, Musk, Jeanne Shaheen, Jack Reed, General Merrick Garland, Shaheen, Reed, Trump Organizations: Republican, Pentagon, Democratic, Reuters, SpaceX, Foreign Relations, Senate Armed Services, U.S, White, of Government Efficiency, Justice Locations: Butler , Pennsylvania, Moscow

☆ Philadelphia Eagles pull away in the fourth to defeat Washington Commanders, extend win streak to six
▼ + stars: | 2024-11-15 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +4 min

CNN —The Philadelphia Eagles scored three fourth-quarter touchdowns, including two by star running back Saquon Barkley, to pull away and defeat the Washington Commanders 26-18 on Thursday night at Lincoln Financial Field. Washington opened the scoring in the first quarter with rookie quarterback Jayden Daniels orchestrating a four-play, 58-yard drive to put the Commanders ahead 7-0. It’s not about who’s tougher, but who is tougher longer.’”The turning point in the game came in the fourth quarter. Trailing 12-10, with the Commanders facing a fourth-and-two in field goal range, Washington elected to go for a first down. It was huge because we went down and made it a two-score game.”Zack Baun and Reed Blankenship of the Eagles stop Daniels on the key fourth-down run during the fourth quarter.

Persons: Saquon Barkley, Barkley, Jayden Daniels, Daniels, Austin Ekeler, Brian Robinson, Jalen, Quan Martin, Nick Sirianni, It’s, ” Sirianni, “ Jayden Daniels, ” Zack Baun, Reed Blankenship, Mitchell Leff, Zach Ertz Organizations: CNN, Philadelphia Eagles, Washington, Lincoln Financial, Eagles, NFC East . Washington, Los Angeles Rams, Cowboys Locations: Washington, Dallas

☆ Former French president calls for a united Europe after Trump election win
▼ + stars: | 2024-11-15 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

French President Francois Hollande delivers a speech as he attends the inauguration of the new 'Sud Europe Atlantique' (South Europe Atlantic) high-speed rail line, linking Tours and Bordeaux, on February 28, 2017, in Villognon, central France. Yohan Bonnet | AFP | Getty ImagesFormer French President François Hollande underlined the importance of Europe sticking together in the face of U.S. protectionism on issues like security and trade. This would come at a time when traditional economic powerhouse Germany is dealing with an economic malaise and a political vacuum after its coalition government collapsed. "This is what France, Germany, Poland and the United Kingdom, the four main countries that invest in defense, will do. If these four countries react together, both in relation to the security issue, the Ukraine issue and even the trade issue, then Europe will be respected.

Persons: Francois Hollande, Yohan Bonnet, François Hollande, Donald Trump's, Hollande, CNBC's Charlotte Reed, Trump, Donald Trump Organizations: Europe, Europe Atlantic, AFP, Getty, Former, European Union Locations: Europe, Tours, Bordeaux, Villognon, France, U.S, Germany, Ukraine, Poland, United Kingdom

☆ Inside the Goldman Sachs marketing push that has some execs perplexed
▼ + stars: | 2024-11-14 | by ( Reed Alexander | ) www.businessinsider.com time to read: +14 min

AdvertisementTop Goldman officials denied any plans to cut Carter's department and said she had upgraded Goldman's marketing capabilities. "It sounds like a few people have a quaint understanding of marketing at Goldman Sachs," a Goldman spokesman, Tony Fratto, said. They turned to the consulting giant McKinsey, which recommended Goldman increase its marketing budget and hire a chief marketing officer, these people said. Related storiesAs AT&T's chief brand officer, Carter handled sports sponsorships, advertising, and diversity messaging in a division headed by the telecom giant's global marketing officer, Lori Lee. PATRICK T. FALLON/AFP via Getty ImagesIn recent weeks, Goldman's marketing team has suffered more departures.

Persons: Goldman Sachs, Goldman, Fiona Carter, Carter, David Solomon's, Solomon, Tony Fratto, It's, Goldman dealmaker, —, John Waldron, Lori Lee, Robert De Niro, Katie Holmes, John Rogers, Waldron, Rogers, Fratto, Sean Zanni, Jake Siewert, Maria dal, speechwriting, Dal Pan, Goldman Sachs SAUL LOEB, Matt Gibson, David Solomon, PATRICK T, FALLON, Jason Hill, snagging, There's, Russell Horwitz, Goldman's, Horwitz, " Horwitz, Emmalyse Brownstein, Reed Alexander Organizations: Goldman, Business, Forbes, McKinsey, T's, Hollywood, Tribeca Film, Goldman's New, BI, AFP, Formula One United, Prix, Getty, White Locations: Sachs, Goldman's, Goldman's New York City, Formula One United States, Austin , Texas, York City

☆ How 9 newly minted Goldman Sachs partners celebrated their big day, from shouting across the trading floor to popping Champagne in the office
▼ + stars: | 2024-11-12 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +15 min

Goldman Sachs is a leading investment bank for corporate dealmaking and trading, and its partners represent less than 1% of roughly 46,000 employees. On average, Goldman's newest partners have spent 16 years rising in the ranks, the bank said last week. "It's like a wedding and birthday wrapped up in one amazing moment that you keep reliving," one new partner said. Here's a glimpse inside the big day of nine of Wall Street's up-and-coming executives, including what they did to mark the occasion. Related storiesI happened to be stepping into a meeting with the Arthur Miller Foundation — an amazing nonprofit that supports theater teachers in schools across NYC and beyond — just as John called.

Persons: Goldman Sachs, David Solomon, —, revel, John Waldron, Wall, Rob Barlick, Robert Barlick, Goldman Sachs David, It's, that's, Lyla Bibi, Bibi Goldman Sachs, Bracha Cohen, Marco Argenti, I've, Matt Doherty, Matt Doherty Goldman Sachs, David, Kristin Olsen, Marc Nachmann, Shane Lee, Vishaal Rana, Goldman Sachs David Solomon, Aaron Siegel, Aaron Siegel Goldman Sachs, Hayley, Arthur Miller, John, –, Craig Smart, Craig Smart Goldman Sachs, Kristin, Marshall Smith, Sylvia Yeh, Sylvia Yeh Goldman Sachs, Reed Alexander Organizations: Partners, Service, Valley Bank, GS, Goldman Sachs Asset Management, Arthur Miller Foundation, Goldman Locations: Valley, Florida, America, New York, New York City, —, Goldman Sachs

Search resuls for: "REED"

25 mentions found