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☆ Gukesh Dommaraju: Youngest ever chess world champion returns home to rock star welcome in India
▼ + stars: | 2024-12-17 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Gukesh Dommaraju returned home to jubilant scenes at Chennai International Airport on Monday having become the youngest ever chess world champion last week. Draped in the Indian flag and holding his trophy, Gukesh was met by hundreds of fans upon returning to his home city. Students at Gukesh Dommaraju's school in Chennai celebrate after Gukesh became the youngest ever World Chess Champion. Mahesh Kumar A./APGukesh broke into tears upon winning the final match against Ding last week, becoming the youngest world champion by more than four years. The 18-year-old is also just the second Indian player to have claimed the title, following five-time world champion Viswanathan “Vishy” Anand, who also grew up in Chennai.

Persons: Gukesh Dommaraju, Ding Liren, blundered, Gukesh, ”, “, Mahesh Kumar, AP Gukesh, Ding, Garry Kasparov, Viswanathan “ Vishy ” Anand, Narendra Modi, Modi Organizations: CNN, Gukesh, AP, Indian, Guardian Locations: Chennai, Singapore, India

☆ Election Updates: Democrats use the weekend to help Biden get back on track after debate.
▼ + stars: | 2024-06-30 | by ( Maggie Astor | ) www.nytimes.com time to read: +7 min

President Biden knew immediately after stepping off the stage in Atlanta on Thursday night that the debate had gone wrong. In those first stricken moments after a raspy, rambling and at times incoherent performance, he turned to his wife, Jill Biden. “I really don’t know what he said at the end of that sentence,” Mr. Trump said when Mr. Biden blundered an answer on immigration. They acknowledge her unique influence and power in his life, but they say Mr. Biden is in control of his own campaign. But as long as Mr. Biden wants to run, advisers say, she will support him.

Persons: Biden, Jill Biden, Biden’s, They’d, they’ve, doesn’t, ”, Elizabeth Alexander, —, Jill, Valerie, John Morgan, Donald J, Trump, “, Ms, Alexander, Kamala Harris, Joe, Dr, ’, you’ve, Camp David, Mr, Hunter Biden, gingerly, Joe Biden, Harriet M, Hageman, Drudge, Matt Drudge, JILL, ” Ms Organizations: Democratic, Democratic Party, “, Camp, White, Republican, Mr Locations: Atlanta, foxholes, Manhattan, Wyoming, New York

☆ Election Updates: Biden looks to reassure donors and supporters at events this weekend.
▼ + stars: | 2024-06-29 | by ( Chris Cameron | Simon Levien | ) www.nytimes.com time to read: +7 min

☆ Warren Buffett holds first Berkshire Hathaway meeting without Charlie Munger
▼ + stars: | 2024-05-04 | by ( Nicole Goodkind | Eva Rothenberg | ) edition.cnn.com time to read: +3 min

Buffett will appear for the first time without his longtime business partner and friend Charlie Munger, who died in November. In 1978, Munger joined Berkshire Hathaway as vice-chairman and sat by Buffett’s side, quick with a quip or a sage piece of advice. Berkshire’s operating profits are expected to increase by 21% to $6,702 per Class A share, according to the FactSet estimates. Berkshire Hathaway reported a significant uptick in fourth-quarter operating earnings, which totaled $8.5 billion, up from $6.6 billion, or a 28% increase from a year ago. For the year, operating earnings rose to $37.3 billion, after setting a record of $30.8 billion in 2022.

Persons: Warren Buffett, Buffett, Charlie Munger, Greg Abel, Ajit Jain, Munger’s, Munger, ”, “, Charlie, Berkshire Hathaway, “ Charlie, Abel, Greg, ” Buffett, “ Greg Organizations: New, New York CNN, Berkshire Hathaway, Oracle, “, Berkshire Locations: New York, Woodstock, Nebraska, Berkshire, Omaha, “ Berkshire, The Omaha , Nebraska

☆ Chain restaurants like Chili's are coming for fast-food giants in the latest bout of the value wars
▼ + stars: | 2024-04-30 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +11 min

As fast-food prices increase, customers are finding more value in chain restaurants. Chains like Chili's are rolling out deals and portion sizes that could best fast-food chains. Chili's new Big Smasher burger is the latest offensive move in the value wars. The Big Smasher burger, Chili's newest menu item, was served in the company's test kitchen before its official launch on April 29. And if the sheer size and taste of the Chili's burger are anything to go by, it has a shot at beating fast-food chains in the value wars.

Persons: —, margarita, It's, Applebee's, John Peyton, Cate Gillon, Ian Borden, Scott Rodrick, Chris Kempczinski, Borden, McDonald's, Erin McDowell, We've, we've, Brian Paquette, Paquette, Big, Chili's, Richard Levine, Corbis, Felix Organizations: Service, Dallas, Mac, Business, Dine, Restaurant, UBS Global Consumer, Retail Conference, CNN, CBS News, Getty, Bloomberg Locations: New York, New York City, California, , New York

☆ Warren Buffett honors Charlie Munger in annual note, Berkshire reports record cash pile
▼ + stars: | 2024-02-24 | by ( Nicole Goodkind | Eva Rothenberg | ) edition.cnn.com time to read: +11 min

Courtesy of Susie Buffett Buffett teaches a class at the University of Nebraska-Omaha. Courtesy of Susie Buffett Buffett married his first wife, Susan, in 1952. Courtesy of Susie Buffett Buffett and his wife pose at the beach with their three children. Courtesy of Susie Buffett Buffett poses for a photo in 1980. Nati Harnik/AP Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are seen on a giant screen during the Berkshire Hathaway shareholders meeting in 2013.

Persons: Warren Buffett’s, Charlie Munger, Buffett, Munger, ”, Charlie, Berkshire Hathaway, “ Charlie, Munger’s, Greg Abel, Abel, Berkshire’s, Greg, ” Buffett, “ Greg, Berkshire Berkshire Hathaway, Warren Buffett, Nati, Laila, Howard Buffett, Howard, Susie Buffett, Ernest, Susie Buffett Laila Buffett, Warren, Doris, Susie Buffett Warren Buffett, Susie Buffett Buffett, Susan, Peter, Lee Balterman, Salomon, Marcy Nighswander, AP Buffett, Buffett's, Mark Peterson, Curt Hudson, Arnold Schwarzenegger, Kathy Willens, Chris Machian, Dave Weaver, Michael Israel, John Sleezer, Bill Gates, Mario Tama, Barack Obama, Obama, doggedly, isn't, Jim Watson, Daniel Acker, Harry Benson, Getty Images Buffett, Astrid, David Cameron, Brendan Hoffman, Kristoffer Tripplaar, Alamy Buffett, Scott Eells, Chris, Franklin, Ndamukong Suh, Scott Olson, Huang Jihui, Jason Miller, Adam Jeffery, Hillary Clinton, Kempin, Forbes, Andy Kropa, Scott Morgan, Reuters Buffett, Andrew Harrer, Apple Berkshire Hathaway Organizations: New, New York CNN, Berkshire Hathaway, Investors, Oracle, “, Berkshire, Berkshire Berkshire, University of Nebraska -, Getty, Federal Reserve, AP, Omaha for Berkshire, Bloomberg, California Gov, Wall Street, Schwarzenegger's, Kansas City Royals, Kansas City Star, Girl Scouts, Buffett, Microsoft, Getty Images, White, British, Woodrow Wilson High, Washington, Forbes, Harlem Globetrotters, Cleveland Cavaliers, Moon, NBA, CNBC, Reuters, Apple Berkshire, Apple, Securities and Exchange Commission, HP, Paramount Locations: New York, Omaha, “ Berkshire, Berkshire, The Omaha , Nebraska, Omaha , Nebraska, University of Nebraska - Omaha, Omaha for, Woodstock, Trenton , New Jersey, AFP, Washington , DC, Illinois, Sun Valley , Idaho

☆ Billionaire hedge fund boss Ken Griffin says remote working makes it easier for companies to fire people
▼ + stars: | 2023-11-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Ken Griffin said that remote working was weakening the "social contract" of companies. Major US firms are pushing back against remote working and telling workers to return to the office. AdvertisementKen Griffin has warned that working from home will make it easier for companies to fire people. Griffin also warned that remote working was having a negative impact on corporate culture, pointing to the stories of so-called "Zoom firings" that became notorious during the pandemic. "We have all read about companies that are firing thousands of people on Zoom calls," Griffin said.

Persons: Ken Griffin, —, Griffin, Vishal Garg, Garg, Jane Organizations: Citadel, Bloomberg, Major, Service, Meta, TechCrunch Locations: America

☆ The CEO best known for firing 900 staff on a Zoom call now says he's 'worked really, really hard' to be 'more empathetic' and to treat people with 'kindness'
▼ + stars: | 2023-08-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Better.com CEO Vishal Garg is known for firing hundreds of staff on a Zoom call in 2021. Garg now says he has "worked really, really hard" to be a kinder boss. AdvertisementAdvertisementBetter.com CEO Vishal Garg says he's "worked really, really hard" to be a kinder boss after firing over 900 people on a Zoom call. Garg is best known for laying off hundreds of Better.com staff via a brutal Zoom call in 2021. "I think I was very mission-centric, customer centric, and really, really focused on what it took to drive growth," Garg added.

Persons: Vishal Garg, Garg, he's, I've, TechCrunch, Better.com Organizations: Morning, Nasdaq, Aurora Acquisition Corp

☆ Shares of Better.com — whose CEO fired 900 workers on a Zoom call — slumped as much as 95% on their first day of trade
▼ + stars: | 2023-08-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Shares of online mortgage lender Better.com slumped as much as 95% after its Nasdaq debut. They fell so quickly that trading was halted four times in the first 30 minutes. Better.com CEO Vishal Garg brutally laid off 900 employees via a Zoom call in 2021. Shares of the Softbank-backed online mortgage lender — which had merged with blank-check company Aurora Acquisition Corp. — plunged at the opening bell. Better.com's disastrous debut on the Nasdaq followed dramatic turns at the digital mortgage company since December 2021 when CEO Vishal Garg brutally laid off 900 employees on a Zoom call.

Persons: Better.com, Vishal Garg, Insider's Alex Nicoll, Better.com's, Fortune Organizations: Nasdaq, Service, & Finance, Aurora Acquisition Corp, —, Aurora Locations: Wall, Silicon

☆ The CEO who brutally fired hundreds of the people on Zoom is taking his startup public in a move that could make or break him
▼ + stars: | 2023-08-24 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

Vishal Garg is taking Better, a mortgage startup, public through a long-delayed SPAC deal. Read what he said about making strategic acquisitions and the millions in company loans that stand to be forgiven. But CEO Vishal Garg, known for brutally laying off hundreds of employees via Zoom, insists he has a plan. One former employee told Insider that the move seems like a "Hail Mary," both for Garg personally and for the business more broadly. Here is what Garg said about his vision for the company and how he will spend the money Better receives from the IPO.

Persons: Vishal Garg, Garg, SPACs, Mary, refinancings, it's, SoftBank, indemnifying, —, It'll Organizations: & Finance, Aurora Acquisition Corp, Nasdaq, World Trade Center, Federal Reserve, Silicon, Better, Mortgage, SEC, Scotsman, Aurora, Insider Locations: Garg, refinancings, Queens , NY

☆ William Burns, a C.I.A. Spymaster With Unusual Powers
▼ + stars: | 2023-05-09 | by ( Robert Draper | ) www.nytimes.com time to read: +1 min

To mark the 20th anniversary of the American-led invasion of Iraq, the C.I.A. director, William J. Burns, stood in the lobby of the agency’s headquarters in Langley, Va., and sought to exorcise the ghosts of the prewar intelligence failures that haunt the building to this day. officials on March 19, Mr. Burns acknowledged how the agency catastrophically blundered in its assessment that Iraq had weapons of mass destruction. Notably Mr. Burns added, “We’ve learned from that hard lesson.” The intelligence the agency and others collected on Russia’s plans to invade Ukraine, he said, “stands as a powerful example of that. And yet the moment only hinted at how Mr. Burns, a key figure in the Biden administration’s support of Ukraine, has amassed influence beyond most if not all previous C.I.A.

☆ These are the best-performing stocks since the bank crisis began, and the sector that's leading
▼ + stars: | 2023-03-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

As yields sank, investors rotated back into technology stocks, which had been hid hard the past year by rising yields and higher interest rates that hurt valuations. Amid this backdrop, CNBC Pro screened for the best-performing stocks in the S & P 500 since the crisis kicked off. These are some of the stocks outperforming: Chip stocks have been some of the biggest winners since the crisis began, with Advanced Micro Devices up 12.4%, the third best-performing stock. Another standout chip stock is Nvidia , up a little over 8% in the wake of the crisis. Other key players at the center of the AI chatbot war also made the list.

☆ 18 movies with valuable entrepreneurial lessons: From 'Startup.com' to 'Becoming Warren Buffett'
▼ + stars: | 2023-01-17 | by ( Vikas Jha | ) www.businessinsider.com time to read: +21 min

Takeaway: This movie shows the effect money, greed and power can have on relationships. "The Social Network" (2010)"The Social Network" shows us that business success requires more than just a great idea. "Becoming Warren Buffett" (2017)In this documentary, Warren Buffett reveals his day-to-day, and his two most important investing rules. Takeaway: This movie shows how two young men were pitted against each other, striving to grow in a cut-throat business. I've found myself feeling motivated after watching a great film with lessons I can transpose to my entrepreneurial journey.

☆ Former Apple Executive Says Company Blundered by Firing Him After TikTok Video
▼ + stars: | 2022-12-09 | by ( Aaron Tilley | Photographs James Jackman For The Wall Street Journal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/former-apple-executive-says-company-blundered-by-firing-him-after-tiktok-video-11670553178

☆ Vishal Garg wants you to understand why he's still Better's CEO, even after getting ridiculed for brutally laying off 900 people via Zoom
▼ + stars: | 2022-10-03 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Vishal Garg, the CEO of Better, spoke out nine months after laying off hundreds of people over Zoom. "I would regularly tell my team that I think I'm the right founder for this company," Garg said. For his younger employees, Queens might be known as a hip borough with diverse populations and menus. But to Garg, Queens was something to be embarrassed by, leading him to pour even more energy into his work. Now at the helm of a slimmed-down Better, Garg is firmly looking forward to the future, SPAC or no SPAC.

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