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JPMorgan CEO Jamie Dimon is talking about retirement. At an investor-day Q&A, Dimon joked he was planning to step down within five years. AdvertisementJamie Dimon, Wall Street's longest-tenured CEO, may be retiring sooner than we'd thought. At an investor-day Q&A on Monday, the JPMorgan CEO broke from his usual joke that he'd retire in five years. When asked about his succession plan, Dimon seemed to acknowledge that he's thinking of stepping down when he joked that the timetable was "not five years anymore."
Persons: Jamie Dimon, Dimon, , Wall, he'd Organizations: Service, JPMorgan, Business
Buybacks and share count information can be gleaned from a review of the company's financial statements. The current share count is listed near the bottom of the balance sheet in the "Shareholder equity" section. This means that a company's buyback program will only reduce the share count if it exceeds the stock-based compensation it is paying out. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, — Robert, Robert, Jim, — Vick, Jim Cramer's, Spencer Platt Organizations: Microsoft, Google, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: New York, Louisville , Kentucky, New York City
CNN —Blue Origin’s tourism rocket is poised to launch passengers to the edge of space for the first time in nearly two years, ending a hiatus prompted by a failed uncrewed test flight. The New Shepard rocket and capsule are set to lift off during a window that opens at 8:30 a.m. CT (9:30 a.m. New Shepard’s 2022 failureA New Shepard rocket and spacecraft were set to launch a batch of science instruments on September 12, 2022. The New Shepard capsule, which rides atop the rocket, then initiated its launch abort system — firing up a small engine to blast itself safely away from the malfunctioning rocket. Blue OriginNo injuries were reported on the ground, and Blue Origin said the science payloads and the capsule could be flown again.
Persons: Jeff Bezos, Mason Angel, Sylvain Chiron, Kenneth L, Hess, Carol Schaller, Gopi Thotakura, Ed Dwight, John F, Kennedy, Dwight, , ” Dwight, Bob Levey, Shepard program’s, Max Q, Shepard, New Shepard, Lex Fridman, Bezos, , William Shatner, Michael Strahan, Madeline Holcombe Organizations: CNN, Shepard, US Air Force, Aerospace Research Pilot School, Air Force, NASA, Corps, Geographic, Origin, New, Federal Aviation Administration, FAA, U.S Export Control, New Shepard, , America Locations: West Texas, Houston, New
Teachers would pause and stumble on it, and no one knew how to pronounce it (Courtenay rhymes with Fort Lee), spell it, or how many syllables it had (two). People understood right away what I was saying, and I didn't have to spell or repeat it. I'm impressed and touched when someone takes the time to spell my name correctly, and it's made me hyper-aware of spelling others' names right. Because I always had to spell and repeat my name, I wanted my own kids to have short, simple ones. I once hoped that I might marry someone with a short, easy last name, but it was not to be.
Persons: — Courtenay —, Courtenay, Fort, Rebecca, Sunnybrook, Kim, Kathy, Amy, Corky, , she'd, Jack Valenti, Lisa, Lynn, I've, Britney, It's, Courteney Cox, Courtney Love, Courtney Thorne, Smith, Kourtney Kardashian, I'm, it's, I'd, Ava — Organizations: Service Locations: Fort Lee, Little, Iowa, Portland
Read previewOn Tuesday, members of Target's LGBTQ+ employee resource group logged on for a much-anticipated virtual meeting to preview the 2024 Pride collection, two council members told Business Insider. Last year, Pride products had already been on sale online for weeks by mid-May, and each of the retailer's nearly 2,000 US stores was busy setting up displays near their front entrances. But late last May, conservative protesters took aim at Target's Pride collection, falsely claiming the merchandise was "Satanic" and sexualized minors. However, the two Pride Council members and multiple LGBTQ+ vendors who worked on past Pride collections told BI they feel the company hasn't done enough to rebuild its relationship with its LGBTQ+ partners over the past year. AdvertisementOne of the employees involved in the Pride Council told BI that a lot of LGBTQ+ people, herself included, joined Target specifically because of its stated support for trans and queer rights.
Persons: , Brand Management Carlos Saavedra, Eager, Dominick Reuter, Erik Carnell, hasn't, Hayley Marzullo, Marzullo, Leslie Garrard, Garrard Organizations: Service, Business, Brand Management, Pride +, Council, Target, Pride Council, Christian Right, BI Locations:
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. I've written about personal finance and investing for 11 years, which means I've spent just about the same amount of time covering legendary investor Warren Buffett. Along with tens of thousands of investors, I traveled to Omaha, Nebraska, in early May to attend the annual shareholders meeting of Berkshire Hathaway, the company Buffett helms. I was meeting Clark for lunch. The whales and the wannabes come to Omaha to be seen, Clark told me over lunch, but also to get a peek into Buffett's world.
Persons: Warren Buffett, I've, Berkshire Hathaway, Buffett helms, David Clark, Buffett, Cherry Cokes, Clark, He's Organizations: Berkshire, Oracle Locations: Omaha , Nebraska, Omaha, Berkshire
U.S. officials had said last week that the floating pier and causeway had been completed, but that weather conditions had delayed their installation. An American ship loaded with humanitarian aid, the Sagamore, set off for Gaza from Cyprus last week, and the aid was loaded onto a smaller vessel that had been waiting for the pier to be installed. Aid groups say the devastation in Gaza after seven months of Israeli bombardment, strict Israeli inspections and restrictions on crossing points are limiting the amount of aid that can enter Gaza. The Pentagon has said that the pier could help deliver as many as two million meals a day. An aid group, World Central Kitchen, built a makeshift jetty in mid-March to deliver aid by sea to Gaza for the first time in nearly two decades.
Persons: Charles Q, Brown, “ It’ll, , , that’s, Nadav Shoshani, Dan Dieckhaus, Rawan Sheikh Ahmad, Helene Cooper Organizations: U.S, Israel, U.S . Central Command, United Nations, Central Command, U.S ., Pentagon, Joint Chiefs, Staff, NATO, Israeli Navy, Division, Food, U.S . Agency for International Development Locations: Rafah, Israel, Gaza, An American, Cyprus, Brussels, Kerem
NATO allies are inching closer to sending troops into Ukraine to train Ukrainian forces, a move that would be another blurring of a previous red line and could draw the United States and Europe more directly into the war. As a result, Ukrainian officials have asked their American and NATO counterparts to help train 150,000 new recruits closer to the front line for faster deployment. So far the United States has said no, but Gen. Charles Q. Brown Jr., the chairman of the Joint Chiefs of Staff, said on Thursday that a NATO deployment of trainers appeared inevitable. For now, he said, an effort inside Ukraine would put “a bunch of NATO trainers at risk” and would most likely mean deciding whether to use precious air defenses to protect the trainers instead of critical Ukrainian infrastructure near the battlefield.
Persons: Charles Q, Brown Jr, “ We’ll, , General Brown Organizations: NATO, Joint Chiefs of Staff Locations: Ukraine, United States, Europe, Russia, Brussels
The U.S. military anchored a temporary pier on Gaza’s coast on Thursday, creating a point of entry for humanitarian aid for the enclave, where the flow of supplies through land borders has largely come to a halt since Israel began its incursion into Rafah last week. The aid will be loaded onto trucks that will begin moving ashore “in the coming days,” the U.S. Central Command said in a statement Thursday morning. U.S. officials had said last week that the floating pier and causeway had been completed, but that weather conditions had delayed their installation. An American ship loaded with humanitarian aid, the Sagamore, set off for Gaza from Cyprus last week, and the aid was loaded onto a smaller vessel that had been waiting for the pier to be installed. The United Nations will receive the aid and oversee its distribution in Gaza, according to Central Command, which said no U.S. troops would set foot in the territory.
Persons: Charles Q, Brown, “ It’ll, , , that’s Organizations: U.S, Israel, U.S . Central Command, United Nations, Central Command, U.S ., Pentagon, Joint Chiefs, Staff, NATO Locations: Rafah, Israel, Gaza, An American, Cyprus, Brussels
Here are the biggest calls on Wall Street on Wednesday: UBS reiterates Nvidia as buy UBS said it's standing by its buy rating heading into Nvidia earnings next week. Wells Fargo names Natera a top pick Wells said the fertilizer company is a new top pick at the firm. Morgan Stanley resumes Exxon as overweight Morgan Stanley resumed coverage of the stock and says it has "attractive growth at a compelling valuation." Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said it's bullish on shares of Palo Alto heading into earnings next week. Morgan Stanley names Dell a top pick Morga Stanley raised its price target on the stock and says it remains a best idea.
Persons: it's, Cantor Fitzgerald, Tesla, Canto, Tesla's, Wells, CTVA, KeyBanc, TD Cowen, Janus Henderson, Morgan Stanley, Palo, Bernstein, Mills, Campbell, underperform Bernstein, Wolfe, SunPower, Dell, Morga Stanley, Stephens, Truist, Oppenheimer, Will, DA Davidson Organizations: UBS, Nvidia, " Bank of America, Bank of America, Alphabet's, Google, JPMorgan, China, Deutsche Bank downgrades, Deutsche, Fair, Six, Sciences, NTR, Netflix, Energy, Palo Alto, Palo, Food, Tech, Barclays, General Motors, Holdings, ALC, Apple, Apple's Worldwide Developer's Conference, Will Apple, Walmart, D.A Locations: OW, Palo Alto, U.S
Read previewAt an October all-hands meeting, an Amazon Web Services employee asked executive Matt Garman about the company's difficult work environment. The people who spoke with BI about Garman asked not to be identified so they could freely discuss his abilities. One AWS employee pointed out to BI that Amazon Q was months behind the launch of Microsoft's AI Copilots. Associated PressOutside of AI, AWS has struggled in its core startups and small business segments, failing short of sales targets last year, as BI previously reported. Those customers are particularly important for AWS because the company built its early business by embracing that market.
Persons: , Matt Garman, Garman, It's, Adam Selipsky, Selipsky, Andy Jassy, Matt, Amazon's, Patrick Neighorn, He'd, We're, Neighorn, it's, Claude, AWS's, let's Organizations: Service, Amazon Web Services, AWS, Business Insider, Employees, Business, Amazon, Stanford, BI, Mizuho Securities, Q, Cohere, Mistral, Google, Associated Locations: Anthropic
Google's Gmail of the future looks incredible
  + stars: | 2024-05-14 | by ( Kelsey Vlamis | ) www.businessinsider.com   time to read: +4 min
Read previewOne of the big takeaways from Google's big developer conference on Tuesday was just how incredible Gmail looks like it's about to get. But the coming updates and seemingly smooth integration of Google's AI model Gemini could take Gmail to the next level. AdvertisementQ&AThe Q&A function allows Gmail users to simply ask a question that Gemini can answer by referencing all of their emails and attachments. AdvertisementIntegration into other Workspace productsGoogle also showed just how well integrated the Gmail of the future could be with other Workspace products, like Google Sheets. Overall, Google's demonstrations showed just how impressive AI-powered features could be in Gmail.
Persons: , Aparna Pappu, Pappu, Gemini, Gemini's Organizations: Service, Gmail, Business, Google, Knicks, Gemini
Selipsky's three years as AWS CEO were marked by mixed results. AdvertisementHe steered through some of the cloud business' slowest growth rates, largest layoffs, and biggest challenges in the artificial intelligence space. AdvertisementAmazon's generative AI service Bedrock was delayed after originally being scheduled to launch in the fall of 2022, the person said. Garman was once considered a frontrunner to replace former AWS CEO Andy Jassy in 2021 when Jassy took over as Amazon's CEO. Some insiders referred to Selipsky as "just a sales guy" and "uninspiring," as the cloud leader faced unprecedented competition in generative AI.
Persons: , Adam, Selipsky, shakeup, Patrick Neighorn, Matt Garman, Garman, Andy Jassy, Jassy, Amazon, Ashley Stewart Organizations: Service, Web Services, Business, AWS, Amazon, BI, Rivals Microsoft, Google
The American press, he writes in clear-eyed terms, “shouldn’t be neutral about upholding democracy” and must not “dispassionately observe our way to authoritarianism.”We spoke with Kristof over email for a Q&A about this and more. This is strange for a pundit to admit, but I think there’s too much punditry in journalism today and not enough reporting. … We journalists shouldn’t dispassionately observe our way to authoritarianism; we shouldn’t be neutral about upholding democracy.” Do you believe your colleagues in the press are as clear-eyed about this as you are? I believe that journalism — along with law and the civil service — restrained the Trump presidency and is a force for civilization and democracy. He believed it and I believe it, and that is why I say that journalism is an act of hope.
Persons: Nicholas Kristof, , Kristof, Gray Lady, Donald Trump, , James Bond, scoff, I’ve, That’s, It’s, I’m, we’re, aren’t, it’s, William Safire, shouldn’t, Joe McCarthy, Edward R, Murrow, McCarthy, Martin Luther King Jr, George Wallace, Jim Crow, Trump, Joe Kahn, — that’s, Will, Let’s, Organizations: New York CNN, New York Times, The New York Times, Times, Trump, Endowment, Arts, CNN, State Security, State, Locations: New York, Congo, Iraq, Syria, Aleppo, America, Washington, China, , Oregon, U.S, Gaza, Russia
AdvertisementWill the captain wait for you? Joey Hadden/InsiderWhen will a cruise ship wait for passengers? Since the excursion is supposed to only take place within the allotted port time, the ship will wait for passengers coming from a cruise line excursion that's running late. AdvertisementIf you're behind schedule, call the ship agent to alert the cruise that you're running late, he said. Joey Hadden/InsiderWhether the ship can wait for you, however, will depend on how late you'll be, he added.
Persons: , Rob Hempstead, who's, Coco, Joey Hadden, you've, that's Organizations: Service, reboarding, CNN, Business, Royal, Oasis, Cruise, BI Locations: Norwegian, Africa, São, Dakar, Senegal, Motril, Spain, Hampstead, Royal Caribbean, Bahamas
In fact, I’m monolingual myself, even though my academic work was largely focused on international trade and finance. In my defense, the great bulk of global economic research is published in English; and in general, Americans’ lack of language skills is less important than their insularity, their relative unfamiliarity with what happens and how things work in other nations. Yet many Americans, even supposedly knowledgeable commentators, often seem unaware of both the ways other nations are similar to us and the ways they are different. I’ll come back to that surprising fact, and what it tells us, in a minute. First, let’s talk about some other international comparisons that seem relevant to the current situation.
Persons: Biden Locations: United States
The US Marines are testing rifle-equipped robot dogs, The War Zone reported. Onyx Industries supplied the rifle system. AdvertisementThe US Marine Forces Special Operations Command (MARSOC) is testing rifle-equipped "robot dogs," according to a report in The War Zone. "MARSOC is aware of and follows all DoD policy on autonomous weapons, and comments by Onyx Industries may be more indicative of their current or future offerings." Business Insider has reached out to Onyx Industries and MARSOC for comment.
Persons: , MARSOC, Eric Shell, Nvidia Xavier Organizations: US Marines, Ghost Robotics, Onyx Industries, Marine Forces Special Operations Command, Service, US Marine Forces Special Operations Command, The Department of Defense, Robotics, Nvidia, US Department of Homeland Security Science, Technology Directorate Locations: Philadelphia
After being criticized last year for its store displays for Pride Month, ​​the annual celebration in June for L.G.B.T.Q. Target has often displayed its Pride apparel and merchandise prominently in many of its stores, sometimes near the entrances. Last year, however, Target faced outrage and calls for boycotts from some conservative commentators and customers over the displays, which included clothes and books for children about transgender issues and gender fluidity. At the time, the chain expressed concern for its employees’ safety after saying some customers screamed at workers and threw Pride-themed merchandise on the floor. Target ended up moving the displays from the front of some stores and placing them in the back.
Persons: Organizations: Pride, Target Locations: L.G.B.T.Q
Read previewWarren Buffett let slip a slew of intriguing facts and anecdotes during Berkshire Hathaway's annual shareholder meeting on Saturday. But the Berkshire CEO also warned of higher taxes, teased a potential Canadian investment, and revealed a $500 million gift of Berkshire stock. Cash hoardBerkshire's mountain of cash and Treasury hit a record $189 billion last quarter, and it's likely to swell to more than $200 billion this quarter, Buffett said. Taxing timesThe government will probably raise taxes in the coming years in a bid to balance its budget, Buffett said. Pocket changeBuffett claimed that if he had only $1 million to invest instead of nearly $200 billion, he could earn a 50% annual return.
Persons: , Warren Buffett, Buffett, he'd, Costco Buffett, Charlie Munger, Charlie, Talia Lakritz, he's, Todd Combs, Ted Weschler, Greg Abel, Greg, Munger, Abel, haven't, Ruth Gottesman, Sandy Gottesman, Brent N, Clarke, Garry Kasparov, Kasparov, B Organizations: Service, Paramount, Business, Treasury, Costco, Albert Einstein College of Medicine, Getty, Berkshire, Nebraska Furniture Locations: Berkshire, Russian, Omaha, Costco . Berkshire, Wisconsin, Canada, Nebraska
The results of pure-breeding, on display starting this Saturday at the Westminster Kennel Club Dog Show in New York, are profound. Erich Andres/United Archives, via Getty Images Modern shepherds have more pronounced slopes A German shepherd at the 2013 Westminster Kennel Club Dog Show. Imagno/Getty Images Modern pugs have smushed, round faces A pug at the 2013 Westminster Kennel Club Dog Show. Fox Photos/Getty Images Modern chows are slightly larger, with more fluffy fur A chow at the 2013 Westminster Kennel Club Dog Show. Fox Photos/Getty Images Modern bull terriers have more football-shaped heads A bull terrier at the 2013 Westminster Kennel Club Dog Show.
Persons: Davis, Erich Andres, Fred R, Conrad, Danika Bannasch, Cane Corso, Pugs, Imagno, Chow chows, chow, Bull Organizations: American Kennel Club, University of California, Wisdom Health, Westminster Kennel, Danes, United, Getty, The New York Times, Fox, American Kennel Locations: Finland, New York, Rhodesian
Read preview"Baby Reindeer" star and creator Richard Gadd said he didn't see his stalker as a villain because he struggles with "toxic empathy" and blames the system for failing to help her. Related storiesHe said: "I think I struggle with a sort of toxic empathy problem where I feel a lot for people. AdvertisementDuring the Q&A session, Gadd touched on why he thinks "Baby Reindeer" resonated with audiences. "I'm not sure there's been a TV show like 'Baby Reindeer' that's kind of captured the dark difficulties and idiosyncrasies of life." He said: "But I think 'Baby Reindeer' has stood out so much because it goes back to something about the human condition, which is dark and difficult and challenging, and every human being is a mixture of good and bad."
Persons: , Richard Gadd, Donny Dunn, Gadd, Martha Scott, Jessica Gunning, " Gadd, she's, , I'm, there's Organizations: Service, Netflix, Business, Hollywood, Independent Locations: Los Angeles
On Oct. 18, hundreds of Berkeley High School students, with the blessing of some of their teachers, left their classrooms in the middle of the day and gathered at a nearby park. Just as on the nearby campus of the University of California — famed since the 1960s for its marches, sit-ins and progressive ideals — students at Berkeley High have a long history of hitting the streets in dissent. In the 1960s, they walked out to oppose the Vietnam War. More recently, they have shown up in droves to advocate for Black Lives Matter, immigration reform, reproductive rights and L.G.B.T.Q. But this walkout reverberated in unexpected ways through the Berkeley public school system and the city’s ordinarily tight-knit community.
Persons: , Becky Villagran Organizations: Berkeley High School, University of California —, Berkeley Locations: Gaza, Vietnam, Berkeley
At colleges and universities across the country, from Cal Poly-Humboldt to Columbia, students have been protesting against the war in Gaza. The protests have generated another round of discussion (and endless takes on the internet) about free speech on college campuses. What about universities that purportedly champion free speech suddenly deciding that maybe there’s such a thing as too much freedom of speech? And, personally, I want to know why we pay so much attention to Ivy League schools most of us didn’t go to. I spoke with Greg Lukianoff, the president and C.E.O.
Persons: Greg Lukianoff, Rikki Schlott Organizations: Cal Poly, Humboldt, Ivy League, Foundation, Rights, FIRE’s Student Network Conference Locations: Columbia, Gaza
CNN —Noelia Voigt, who was crowned Miss USA in November 2023, has announced she is resigning from her role, saying the decision is in the best interest of her mental health. Voigt, of Utah, succeeded the 2022 Miss USA, Morgan Romano of North Carolina. She was the first Venezuelan-American woman to win Miss USA, according to her statement. Savannah Gankiewicz of Hawaii placed as the first-runner-up to Voigt’s victory in November, making her a potential candidate to be the newly crowned Miss USA. “Never compromise your physical and mental well-being.
Persons: CNN — Noelia Voigt, , Instagram, Voigt, Morgan Romano, Miss USA, Alexis Loomans of, Jasmine Daniels of, Organizations: CNN, Miss USA, Miss USA Organization, Miss, Jasmine Daniels of Pennsylvania, Miss Universe Organization Locations: Utah, North Carolina, Venezuelan, American, Savannah Gankiewicz, Hawaii, Alexis Loomans of Wisconsin, Texas, United States
Here are the biggest calls on Wall Street on Monday: Morgan Stanley initiates EHang Holdings as overweight Morgan Stanley said it's bullish on shares of the Asia autonomous aerial vehicle company. Morgan Stanley downgrades Victoria's Secret to underweight from equal weight Morgan Stanley said it sees "underappreciated downside" for the lingerie company. Citi downgrades Peloton to neutral from buy Citi said in its downgrade of the stock that it has "limited visibility." Morgan Stanley upgrades U.S. Steel to overweight from equal weight Morgan Stanley said in its upgrade of U.S. Steel that it likes the company's "transformational investments." Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating on Apple after analyzing the company's quarterly 10-Q report.
Persons: Morgan Stanley, it's, Baird, Morgan Stanley downgrades, Wells, Bausch, Lomb, Apple, Johnson, MLCO, Moffett, Melius, inferencing, JPMorgan Organizations: EHang Holdings, EH, Deutsche Bank, Disney, Deutsche, Micron, Citi, Comerica, CMA, Steel, U.S . Steel, Apple, Services, UBS, JCI, Barclays, Resorts, Nvidia, Broadcom, AMD, Microsoft, JPMorgan, Group, Bank of America, Santander Brasil, of America Locations: Asia, U.S
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