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☆ ‘Sponge’ cities combat urban flooding by letting nature do the work
▼ + stars: | 2024-08-13 | by ( Christy Choi | ) edition.cnn.com time to read: +12 min

Turenscape/Courtesy The Cultural Landscape FoundationYu’s proposal is this: Create areas with porous earth where local plants can thrive with little or no maintenance. But whether this latest flooding crisis demonstrates the limitations of China’s sponge cities, or supports the case to expand them, is a matter of debate. Turenscape/Courtesy The Cultural Landscape FoundationTurenscape planted 5,600 seedlings of 360 local species, including rare trees indigenous to Thailand’s central river basin. Turenscape/Courtesy The Cultural Landscape FoundationThis may be another reason Yu’s services have been sought outside China. Last year, The Cultural Landscape Foundation awarded Yu the $100,000 Oberlander Prize in recognition of his pioneering work.

Persons: Kongjian Yu, Yu, ” Yu, Turenscape, Xi Jinping, Faith Chan, ”, Chan, Elizabeth Mossop, ” Mossop, “ Organizations: CNN, redwoods, UK’s University of Leeds, Research, Global Times, University of Nottingham, Thai, Arsomsilp, Environmental, Landscape Foundation, University of Technology Sydney’s School of Design Locations: Nanchang, China's Jiangxi, China, Qinghuandao, China's Hebei province, Wuhan, Hainan, Sanya, China's, Guangdong, Turenscape, University of Nottingham Ningbo China, ”, Bangkok

☆ Delta’s CEO went to Paris Olympics as his airline struggles to recover from massive meltdown
▼ + stars: | 2024-07-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

Meanwhile, Bastian traveled to Paris for the Olympics, accordingly, where Delta is a sponsor of the US Olympic Team. Ed remains fully engaged with senior operations leaders.”Delta Air Lines CEO Ed Bastian traveled to Paris Wednesday for the start of the Olympics later this week as the airline works to recover from a five-day service meltdown. Jeenah Moon/Bloomberg/Getty Images/FileBastian flew to Paris on a Delta commercial flight, not a private jet, the airline said. As the official airline of the US Olympic Team, the company is flying athletes, coaches and other support staff to Paris. “Unless you’re going to the Olympics, people aren’t going to Paris… very few are,” Bastian told CNBC.

Persons: Ed Bastian, Delta, Bastian, “ Ed, ”, Ed, CrowdStrike, Jessica McGowan, ” Bastian Organizations: New, New York CNN, Olympics, US Olympic, CNN, Delta Air, Paris Wednesday, Bloomberg, Getty, US Olympic Team, Olympic, Delta, Delta Air Lines, Hartsfield International Airport, CNBC, “ Locations: New York, Paris, Delta, Atlanta

☆ A year after the Titan tragedy, a sub is planning to go back to the Titanic to make a point
▼ + stars: | 2024-06-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

With OceanGate closed for business, the market for Titanic sub tourism appeared to slam shut. One leading sub operator, eager to demonstrate that the Titan sub failed to live up to the industry standards that can make trips to the ocean floor relatively safe, is already planning its own journey to the wreckage of the Titanic, where Titan was headed before it collapsed. But in its pursuit of “increasing access to the deep ocean through innovation,” OceanGate frequently skirted regulations and pushed back against industry standards. 2) OceanGate’s sub designs were so experimental, no other commercial sub operation would ever replicate them. “The deep ocean is no place for compromise,” Triton said in its statement.

Persons: ”, Larry Connor, ” Connor, Stockton Rush, ” Rush, David Pogue, “, don’t, Don’t, OceanGate, Ray Dalio, James Cameron, —, ” Triton, Lukas Furtenbach, Philippe Brown, Brown, ” Brown Organizations: New, New York CNN, Titanic, Triton, Wall Street, WSJ, CNN, Stockton, “, Triton Submarines, American Bureau of Shipping, Furtenbach Locations: New York, Austria, Hudson

☆ Shoppers are hyper-focused on ‘value.’ That doesn’t mean buying the cheapest option
▼ + stars: | 2024-06-06 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +5 min

Bargain retailers like Walmart and Costco have benefitted, as shown by the retailing industry’s recent slew of first-quarter earnings releases. Sales at its stores open at least a year increased 3.8% in the quarter from the same time last year. Which means that Americans are still spending, but selectively, and that “value shopping” means different things to different people. “A sizable segment of them are focused on value, however, that doesn’t directly correlate to a low price. Shoppers are willing to spend if they see value in an on-trend, well-made dress from Abercrombie – or a healthy salad from Sweetgreen.”

Persons: They’ve, What’s, ”, Neil Saunders, ” Saunders, Fitch, Stephanie Keith, Lilly Pulitzer, Laura Alber, Anne Hathaway, Della Patria, Elisabetta Villa, Richard Dickson, Zak Stambor, eMarketer, ” Stambor, “, Abercrombie – Organizations: New, New York CNN, Walmart, Costco, GlobalData, CNN, Abercrombie, Bloomberg, Getty, Hollister, Sonoma, Navy, Banana, “, Shoppers Locations: New York, Sonoma, Elm, Williams, Rome, Italy, Europe, Banana Republic

☆ Some Gen Z and baby boomers are facing a strange predicament: feeling happy and lonely at the same time
▼ + stars: | 2024-06-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +12 min

"It's great, but it takes an effort," Samtur told Business Insider. That means that right now, Gen Z and baby boomers, in particular, might be experiencing a strange juxtaposition: They're happy and lonely at the same time. "So people feel maybe a little less happy with their lives in midlife, but it doesn't mean you're also feeling lonely." "Overall, people tended to be more lonely, just persistently lonely, if they had less education, had lower income, and poor health," Graham said. Some Gen Zers pay for social connections through activities like fitness memberships.

Persons: Harry Samtur, Samtur, doesn't, Gen, Eileen Graham, Graham, Donna Basztura, Basztura, —, she's, we've, Batszura, Zers, didn't, Preeti Malani, Joan Hendrix, couldn't, I've, Hendrix Organizations: Service, Business, Northwestern University, Gallup, Harvard Graduate School of Education, University of Michigan Locations: Minnesota, Germany, Australia, midlife, Florida

☆ The summer trade: Here's how the S&P 500 fares between June and August—and which sectors stand out
▼ + stars: | 2024-05-29 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The major averages hit record highs in May, with the S & P 500 breaking above 5,300 for the first time. Historically, the summer months prove to be less robust for the S & P 500. July is typically a standout month, however, with the S & P 500 posting a 3.27% increase on average. .SPX YTD mountain The S & P 500 has added more than 11% in 2024. The S & P 500 tech sector averages a flat performance for June going back a decade.

Persons: It's, — CNBC's Christopher Hayes Organizations: Nasdaq, Dow Jones, CNBC, Tech, Technology, Nvidia

☆ A longtime Apple skeptic warms up to the stock. Why we're not cheering the call just yet
▼ + stars: | 2024-04-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

A longtime Apple skeptic upgraded the iPhone maker, sending the struggling Club stock higher in Monday's session. "Apple got distorted today by an upgrade [from] someone who historically has been incredibly wrong" about the stock, Jim said on Monday. AAPL YTD mountain Apple (AAPL) year-to-date performance In Monday's upgrade, Sacconaghi offered a largely upbeat view on Apple's long-term prospects – a view that we share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, Bernstein, Toni Sacconaghi, Sacconaghi, Jim, Jim Cramer's Organizations: Apple, Club, Bloomberg, Microsoft, Google, CNBC, Nurphoto, Getty Locations: China

☆ AI could split workers into 2: The ones whose jobs get better and the ones who lose them completely
▼ + stars: | 2024-04-15 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Lower-income workers without a college degree could be at the most risk of AI job replacement. AdvertisementNothing is certain about the future of AI technologies, but three things are becoming more clear. That said, if and when some AI job replacement does come, some workers could be more at risk than others. Conversely, 17% of high school graduates had jobs with high AI exposure, and 14% had jobs with both high AI exposure and low performance requirements. Re-training workers who lose their jobs due to AI could help move the needle in a more positive direction.

Persons: —, It's, Angus Deaton, Deaton, he's Organizations: Service, of Economic Advisors, Walmart, Target Locations: China

☆ Starting a side hustle meant I worked more hours, but it actually cured my burnout. I now do it full-time.
▼ + stars: | 2024-04-14 | by ( Tayla Blaire | ) www.businessinsider.com time to read: +5 min

I loved many aspects of my teaching job, but there were other things that made me feel burned out. When my husband was unemployed, I decided to start a side hustle freelance writing. I started freelance writing and had less free time than everA few years before the pandemic, I started freelance writing as a side hustle. I learned to interview and started writing for publications I'd grown up reading. There are plenty of suggestions out there for curing burnout — I'd never have guessed starting a side hustle was one of them.

Persons: —, it's, I'd, I've Organizations: Service

☆ 6 people who made up to $500,000 a year secretly working multiple remote jobs share why they don't feel guilty — and why there's nothing wrong with 'overemployment'
▼ + stars: | 2024-04-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Read previewIf you could double your income by secretly working multiple remote jobs, would you do it? The share of US remote job postings on LinkedIn fell from over 20% in April 2022 to about 10% in December 2023. AdvertisementWilliam, a Texas-based tech worker in his 30s who told Business Insider he earned over $500,000 in 2022 secretly working multiple remote roles, agreed with this line of thinking. Steven said he didn't feel guilty about job juggling because he was still able to complete all the duties and tasks assigned to him. AdvertisementAre you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: —, jugglers, shouldn't, they're, There's, Joseph, hadn't, Joseph isn't, Robert, John, he'd, there's, it's, Steven, overemployment, William, Justin, Xer Organizations: Service, Business, LinkedIn, Amazon, Google, Elon Locations: Florida, California, Asia, Texas

☆ AI can 'disproportionately' help defend against cybersecurity threats, Google CEO Sundar Pichai says
▼ + stars: | 2024-02-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Justin Sullivan | Getty Images News | Getty ImagesMunich, GERMANY — Rapid developments in artificial intelligence could help strengthen defenses against security threats in cyber space, according to Google CEO Sundar Pichai. Amid growing concerns about the potentially nefarious uses of AI, Pichai said that the intelligence tools could help governments and companies speed up the detection of — and response to — threats from hostile actors. But AI, I think actually, counterintuitively, strengthens our defense on cybersecurity," Pichai told delegates at Munich Security Conference at the end of last week. Sundar Pichai CEO at GoogleHowever, Pichai said that AI was also lowering the time needed for defenders to detect attacks and react against them. Google last week announced a new initiative offering AI tools and infrastructure investments designed to boost online security.

Persons: Sundar Pichai, Emily Chang, Justin Sullivan, Pichai, —, Hillary Clinton, Mark Hughes, DXC, Hughes, That's Organizations: APEC, Summit, Moscone West, Getty, Munich, Cybersecurity Ventures, Britain's, Cyber Security, Google, MSC, Adobe, IBM, Meta, Microsoft, Twitter, U.S, Iran's, Guard, CNBC Locations: San Francisco , California, San Francisco, Munich, GERMANY, cybersecurity, GCHQ, Russia, China, Iran

☆ Veterinarians share 10 things you should never do when taking your dog on a walk
▼ + stars: | 2024-02-13 | by ( Sophia Mitrokostas | ) www.businessinsider.com time to read: +6 min

Vasil Dakov/Shuttershock"No matter how friendly your dog is, you don't know how the other dog might react," said Richardson. "It's never safe to let your dog greet another dog unless you've checked with their owner." "The chemicals can also lead to sickness or potential poisoning if your dog licks their paws clean after the walk." "Owners should never let their dog off the leash unless they are 100% confident the dog will always come back," said Richardson. Venkat suggested keeping waste bags attached to your pet's leash or harness to avoid forgetting them.

Persons: —, Jamie Richardson, Vasil Dakov, Richardson, leashes, Anita Kot, Richard Newstead, Heather Venkat, Venkat Organizations: Service, Business, Getty

☆ Evercore ISI sees big pullback in first half of 2024 as recession ‘materializes’
▼ + stars: | 2023-12-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The market is going to worsen early in 2024 before recovering, according to Evercore ISI. The firm sees the S & P 500 falling in the first half of next year to 3,970 as a "recession materializes and politics [amplify] volatility." An inverted yield curve also portends the start of a recessionary period in the first quarter of 2024, he added. "'Defense Wins Championships' is a consistent theme between [the] last hike and first cut in the recession playbook," said Emanuel. By comparison, the S & P 500 is up 20.1% year to date.

Persons: That's, Julian Emanuel, Emanuel Organizations: ISI

☆ Why automakers are turning to hybrids in the middle of the industry's EV transition
▼ + stars: | 2023-12-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +9 min

Sales of traditional hybrid electric vehicles, or HEVs, such as the Toyota Prius, are outpacing those of all-electric vehicles in 2023, according to Edmunds. Sales of plug-in hybrid electric vehicles, or PHEVs, accounted for only 1% of U.S. sales through November. In comparison, Ford's EV sales are up 16.2% to roughly 62,500 units, accounting for 3.5% of its total sales. Battery breakdown Both hybrids and plug-in hybrids have a traditional engine combined with EV technologies. The world's largest automaker is considered the pioneer of traditional hybrids, with the Prius.

Persons: Scott Mlyn, Biden, HEVs, EVs, There's, Jessica Caldwell, Edmunds, Morgan Stanley, Eric Watson, Jim Farley's, Jeep Wrangler, Motors, Mary Barra, It's, Mark Reuss, Stephanie Brinley, Akio Toyoda Organizations: CNBC DETROIT —, EV, Toyota Prius, Toyota, Honda Motor, Hyundai, Kia, U.S, Representatives, Kia America, CNBC, Detroit automakers, Detroit, Ford Motor, Ford, Chrysler, Jeep, Cherokee, GM, Chevrolet, Automotive Press Association, National, Traffic Safety Administration, American Automotive Policy Council, Reuters, NHTSA, P Global Mobility . Industry, EVs, Wall Street Locations: Edmunds, U.S, That's, Kia America's, China, Detroit, EVs

Until this week, Fain had announced all of the union's new strikes on Fridays, during what has become a weekly livestreamed update for union members. "We continue to believe the escalation at [Ford] this week is a sign the talks may be coming to an end. KY Truck is likely Ford's most profitable plant, and therefore the strike is the highest level of escalation, aside from a national strike," Wells Fargo analyst Colin Langan wrote in a Friday note. But the UAW's leaders may be looking one more step ahead, to the process of selling a tentative deal with Ford to their members. ), and that UAW members have secured the last few ounces of wage, benefits, and job protection concessions that they can get," Lache wrote Thursday to investors.

Persons: counterintuitively —, It's, Shawn Fain, Fain, Wells, Colin Langan, autoworkers, Wolfe, Rod Lache, Ford, Lache Organizations: DETROIT, United Auto Workers, Ford Motor's, Plant, Ford, General Motors, Chrysler, Street, UAW Locations: Kentucky

☆ How to Invest in Mutual Funds
▼ + stars: | 2023-10-11 | by ( Mallika Mitra | ) www.wsj.com time to read: +20 min

Mutual funds are relatively cheap and simple to invest in, thanks to the many trading apps and online brokerages available nowadays. To get started, read on for our 10-step guide on how to invest in mutual funds. Once you open an account, you can invest in a wide range of securities, like stocks, bonds and mutual funds. Buy mutual fund sharesNow that you’ve solidified your strategy and done your research, you are almost ready to buy mutual funds. How to buy mutual fund sharesSome mutual funds require an investment minimum, often between $500 and $3,000, but not all do.

Persons: Mallika Mitra, Tricia Rosen, ”, Rosen, “, Ameritrade, Roth, Roth IRAs, Uncle Sam, you’ve, Randy Bruns, it’s, Morningstar, Russell, hasn’t, Amy Arnott, John Bogle, Morningstar’s Arnott, pitfall Arnott, You’ll, you’ll, Don’t, Sam, haven’t Organizations: Mutual, Fidelity, Vanguard, Morningstar, SEC, Apple, Fidelity Investments Fidelity, Target, Walmart, Funds, Capital Group, Capital Group’s, The Securities, Exchange Commission, Social, Consumer, Morgan, Capital Locations: Andover, Mass, Naperville , Illinois, U.S

☆ ‘The Six’: Stories of NASA’s first women astronauts revealed
▼ + stars: | 2023-09-12 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +9 min

But the journalist started wondering about the other women who had trained alongside Ride in NASA’s first coed astronaut class. More than 1,500 women applied to become astronauts between 1976 and 1977, Grush writes. "The Six: The Untold Story of America's First Women Astronauts" by Loren Grush is out September 12. NASAWhy these astronauts’ experiences resonate todayWhile Ride was first, ultimately every member of The Six flew on a space shuttle. In her book, Grush chronicles their journeys, including the 1986 Challenger disaster that killed Resnik on her second space shuttle flight.

Persons: Sally Ride, “, crewmates, Loren Grush, ” Grush, —, “ I’m, ”, Grush, Arabella, Anita —, Miss Baker —, Ruth Bates Harris, Simon, Schuster, Judy Resnik, Kathy Sullivan, Shannon Lucid, Anna Fisher, Rhea Seddon, Seddon, Fisher, Resnik, Sullivan, NBC’s Tom Brokaw, George Abbey, Abbey, Ride, Bob Crippen, Crippen, Sally wasn’t, ” Sullivan, “ NASA’s, Artemis Organizations: CNN, Bloomberg, NASA, Johnson Space Center, Space Center, Kennedy Space Center, ”, The, Challenger Locations: Houston, NASA's, Florida

☆ New signals about where shoppers are spending their money put one of our retail stocks in the sweet spot
▼ + stars: | 2023-09-07 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

The consumer is expected to remain resilient this year, but some retailers will benefit more than others. Consumer spending drives the U.S. economy, accounting for 68% of gross domestic product — and several analysts on Wall Street forecasted that spending will remain strong through 2024. However, the prioritization of that spending will result in winners and losers. At the same time, they expect spending growth for essentials to slow, thereby leaving more money left over for discretionary purchases. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Goldman Sachs, Goldman, Bernstein, That's, —, TJX, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: Wall, Goldman, —, TJX, Ross Stores, Burlington, Loop, Marshalls, Apple, TJX Companies, Jim Cramer's Charitable, CNBC, Maxx Locations: 4Q23, TJX, Maxx, Burlington, Pasadena , California

Aug 7 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The U.S. yield curve steepened by 20-30 basis points last week - the biggest steepening since March - and the steepening of the 2-year/30-year yield curve by 30 basis points was one of the biggest weekly moves in over a decade. U.S. fiscal worries are also growing, however, and the Bank of Japan's recent 'yield curve control' surprise has lifted Japanese bond yields. Several potential market-moving data releases and events in Asia are also due, as well U.S. consumer price inflation for July. Monday's calendar in Asia is fairly light, with Indonesian Q2 GDP and Thai inflation for July the main releases.

Persons: Jamie McGeever, JP Morgan, Diane Craft Organizations: Nasdaq, Bank of, Sony, Reuters, Reserve Bank of India, China FX, Thomson Locations: Indonesia, Philippines, Asia, Japan, U.S, China, Beijing, Thailand

☆ Stocks fall, Treasuries gain after Fitch downgrades US rating
▼ + stars: | 2023-08-02 | by ( Xie Yu | ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-Hoon/file photoHONG KONG, Aug 2 (Reuters) - Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating. Asian stocks were also weighed by declines on Wall Street overnight. Fitch cut the United States by one notch to AA+ from AAA, citing fiscal deterioration, a decision announced after the Wall Street close on Tuesday. U.S. 10-year Treasury yields declined by about 2 basis points to 4.025% in Tokyo. The United States publishes fresh data on jobless claims and unemployment later this week.

Persons: Kim Kyung, Fitch, Hong Kong's, HSI, Manishi Raychaudhuri, counterintuitively, Steven Ricchiuto, Brent, Xie Yu, Sam Holmes Organizations: REUTERS, U.S, Treasury, United, Japan's Nikkei, AAA, Asia, BNP Paribas, Standard, U.S ., Mizuho Securities, West Texas, Thomson Locations: Tokyo, Japan, HONG KONG, United States, Asia, ., U.S, China

☆ Lawmakers are trying to pass a bill that will make flying better — but it doesn't address the problems that make skiplagging so appealing
▼ + stars: | 2023-07-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

The House on Thursday passed a bill meant to improve air travel. But the bill doesn't address the confusing pricing models that lead to skiplagging. After airline delays and cancellations caused travel chaos this winter, the bill seeks to address some of the contributing issues. Lawmakers from both parties have said the bill will make air travel safer and more efficient. Not knowing what's the best, or cheapest, time to book a flight is one of the more annoying aspects of air travel.

Organizations: Service, American Airlines, Federal Aviation Administration, Democratic Locations: Wall, Silicon

☆ Student Loan Repayments Are Dwindling - The New York Times
▼ + stars: | 2023-07-13 | by ( Laura Beamer | Marshall Steinbaum | ) www.nytimes.com time to read: +16 min

2013 was the first year when over half of all student loans carried a balance greater than originally borrowed. The 2020 student loan repayment pause shook up this unhealthy dynamic. But student loan repayment had been dwindling for at least a decade before the pause. But an important additional source of student loan misery is the widening and diversifying nature of the Americans who take them out. Our student debt research uses credit reports, both from an annual, representative cross-section of student borrowers and from a single group of borrowers we’ve been following since 2009.

Persons: couldn’t, Laura Beamer, Marshall Steinbaum, doesn’t, It’s, —, Biden, we’ve, they’re, “, Bill, ’ Organizations: Jain, Institute, University of Utah, White, American, Black, Women, Congress, Department of Education

ORLANDO, Florida, June 30 (Reuters) - Britain has an inflation problem, but imagine how much worse it would be were it not for the strong pound? But of all the factors pushing up UK inflation, including some that are unique to Britain's economy, labor market and cost of doing business as a consequence of Brexit, a weak exchange rate is not one of them. Indeed, sterling's value on a real effective exchange rate (REER) basis is the highest it has been since the Brexit vote. "UK inflation would indeed be even higher if sterling had not appreciated," Novy said. All else being equal, and taking into account the notorious 'long and variable' lag between interest rate hikes and cooling price pressures, UK inflation could come down pretty quickly next year.

Persons: Liz Truss's, Dennis Novy, Novy, BoE, turvy, Alan Ruskin, Ruskin, Goldman Sachs, Jamie McGeever, Jonathan Oatis Organizations: Bank of England, Reuters, University of Warwick, Brexit, Deutsche Bank, Thomson Locations: ORLANDO, Florida, Britain, Ukraine

☆ Exclusive: How this under-the-radar VC landed a $27 million third fund and bets in some of the buzziest startups like Jasper and Motherduck
▼ + stars: | 2023-06-21 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +5 min

Essence VC has raised its third fund of $27 million from LPs like Cendana and Sapphire Ventures. The fund has bet on buzzy startups like generative AI darling Jasper and a16z-backed Motherduck. And now, his firm Essence VC has just raised its $27 million third fund. The latest fund, backed by VC firms and funds of funds including Cendana Capital, Vintage Investment Partners, Sapphire Ventures, Level Ventures, and Crossover, follows a $7 million and $1 million fund. However, the "first-mover advantage" for startups also holds true in the land of VC, Chen says.

Persons: Jasper, Tim Chen, you've, Liz O'Sullivan, Vera, Chen, Scott Shi, —, Chi Zhang, Tim, Zhang, funder Chen, Christos Kozyrakis, Michael Huang, They're, it's, Ben Van Roo, Van Roo, Chen wasn't Organizations: Sapphire Ventures, Cendana, Vintage Investment Partners, Level Ventures, Founders, Stanford, Cloudera, Google Locations: a16z

☆ G.O.P. Rivals See Trump’s Indictment as a Big Problem (for Them)
▼ + stars: | 2023-06-14 | by ( Jonathan Swan | Jonathan Weisman | ) www.nytimes.com time to read: +1 min

Advisers working for Mr. Trump’s opponents are facing what some consider an infuriating task: trying to persuade Republican primary voters, who are inured to Mr. Trump’s years of controversies and deeply distrustful of the government, that being criminally charged for holding onto classified documents is a bad thing. In previous eras, the indictment of a presidential candidate would have been, at a minimum, a political gift for the other candidates, if not an event that spelled the end of the indicted rival’s run. Competitors would have thrilled at the prospect of the front-runner’s spending months tied up in court, with damaging new details steadily dripping out. And they still could be Mr. Trump’s undoing: If he does not end up convicted before November 2024, his latest arrest is not likely win him converts in the general election. But Mr. Trump’s competitors — counterintuitively, according to the old conventional political wisdom — are actually dreading what threatens to be an endless indictment news cycle that could swallow up the summer.

Persons: Donald J, Trump’s, rival’s, —, grumbled, Trump Organizations: Trump, Republican, Mr

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