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Family offices are increasingly bypassing private equity funds and buying stakes in private companies directly, according to a new survey. Half of family offices plan to do "direct deals" — or invest in a private company without a private equity fund — over the next two years, according to a family office survey from Bastiat Partners and Kharis Capital. As they grow in size and sophistication, family offices are becoming more confident about finding and negotiating their own private equity deals. "Family offices are being gradually recognized as an economic powerhouse in private markets," according to the report. The big challenge for family offices as they do more direct deals is so-called "deal flow," or the volume of possible deals.
Persons: Robert Frank Organizations: Bastiat Partners, Kharis
China showed off its new stealth aircraft, including the fifth-gen J-35A. AdvertisementChina just debuted its newest fifth-generation stealth aircraft, which appears to be its answer to the American F-35. Related storiesFor stealth fighters, the US has the F-22 Raptor and F-35, and the latter is used by allies around the world. Among stealth aircraft, there are also stealth bombers like the American B-2 Spirit and B-21 Raider and a number of stealth drones. Stealth aircraft have features to reduce or obscure their signature on radars, making them difficult to detect.
Persons: , Lockheed Martin, Wang Yongqing, Wang, Maj, Gina Sabric, Roger Wicker, Eric Schmitt Organizations: Service, China International Aviation, Aerospace, People's Liberation Army News Communication, Shenyang Aircraft Design, Aviation Industry Corporation of China's Shenyang Aircraft Corporation, Pentagon, Air Force, Air and Space Forces Association's Air, Cyber Conference, 10th Air Force, Getty, US, US Air Force, Stealth, Taiwan Locations: China, Zhuhai, Russia, Pacific, Taiwan
The news Activist hedge fund Elliott Management on Tuesday disclosed a more-than-$5 billion stake in Honeywell —arguing the industrial conglomerate should consider a breakup. Elliott's position in Honeywell is its largest ever in a single stock, according to Bloomberg News, which first reported the activist's plans. The crux of Elliott's plan is a separation of Honeywell's aerospace and automation businesses into standalone companies. Honeywell's stock is up nearly 32% over the past five years compared with a 92% gain for the broader S & P 500 . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer isn't, Elliott, Honeywell —, Stacey Jones, Vimal Kapur, Jim, Honeywell, we've, We've, Jim Cramer's, Jim Cramer Organizations: Honeywell, Elliott Management, Bloomberg News, CNBC, Carrier, Wall, Robotics, Honeywell Intelligrated
Ukraine's big move this year was to invade Russia's Kursk region, hoping to divert Russia's main invasion. While it took ground in Kursk, Russia was also able to keep up its advance into eastern Ukraine. Russia is now amassing troops in Kursk, hoping to retake it without having compromised its main invasion. AdvertisementWhen Ukraine began its audacious incursion into Russia's Kursk region in August, it hoped to force a choice. That force amassed even as Russia kept up a steady advance on the main front line in eastern Ukraine.
Persons: , Vladimir Putin's, Volodymyr Zelenskyy, Putin, Andrii Kovalenko Organizations: Service, The New York Times, Moscow Times, Ukraine's Center, North Korean Locations: Russia's Kursk, Kursk, Russia, Ukraine, North Korea, Ukrainian, Ukraine's, The
While keeping buy ratings on both stocks, Nathanson raised his firm's price targets on Alphabet and Meta. In support of giving Alphabet the edge, he sees faster revenue growth from Meta but at a higher cost. For one, Meta has consistently delivered revenue and earnings ahead of consensus, rooted in stron advertising revenue from AI advancements. Bottom line Jim Cramer sees merit in MoffettNathanson's buy calls on Alphabet and Meta and believes it is just about "time to buy both" of these AI and advertising leaders. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: It's, Michael Nathanson —, Craig Moffett, , underperformance, Nathanson, Jim Cramer, Trump Donald Trump's, Jim Cramer's, Jim, Mark Zuckerberg, Sundar Pichai Organizations: MoffettNathanson Research, Facebook, Meta, Reality Labs, Labs, Google, Tech, Trump, CNBC, REUTERS Locations: Meta
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. If management has anything positive to say about the highly profitable segment, it "would really move the stock," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, we've, Jim, Evercore, Stocks, Bristol Myers, Shopify, Tyson, Okta, Jim Cramer's Organizations: CNBC, Club, Home Depot, Citigroup, Analysts, Broadcom, Google, Nvidia, Disney, Evercore ISI, Netflix
FIFA must halt the process to pick Saudi Arabia as hosts of the 2034 World Cup unless major human rights reforms are announced before the vote next month, Amnesty International and the Sport & Rights Alliance (SRA) have said. A combined bid of Morocco, Spain and Portugal is the sole bid for 2030, while Saudi Arabia is the lone bidder for 2034. Amnesty and the SRA said they had evaluated the human rights strategies proposed by the bidding countries and concluded in a new report that neither bid adequately outlined how they would meet the human rights standards required by FIFA. “FIFA is implementing thorough bidding processes for the 2030 and 2034 editions of the FIFA World Cup,” a FIFA spokesperson said. However, it narrowly failed to win a seat on the United Nations Human Rights Council last month.
Persons: Steve Cockburn, Amnesty’s, , , Hammad Albalawi, Cockburn, ” Cockburn Organizations: FIFA, Amnesty International, Sport & Rights Alliance, FIFA Congress, Amnesty, ” FIFA, Saudi, Britain’s Guardian, United Nations Human Rights Locations: Saudi Arabia, Morocco, Spain, Portugal, Australia, New Zealand, United States, Mexico, Canada, Brazil, Kingdom, Saudi, Qatar, Gulf
Celebrity chef Pati Jinich knows how to spot a good — and bad — Mexican restaurant. Cold salsa and premade guacamole are both bad signs, according to the Mexican chef. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChef Pati Jinich — known for programs like PBS' "La Frontera" and "Pati's Mexican Table" — has dined at countless Mexican (and Mexican-inspired) restaurants.
Persons: Pati Jinich, , she's Organizations: Service Locations: Mexican, Washington ,
The cast of "Wicked" has been promoting the film ahead of its November 22 release. Many of the stars' looks nod to the film, whether through color scheme or tone. Cynthia Erivo and Ariana Grande's green and pink looks celebrating the film have stood out. Much of the "Wicked" cast has been "method dressing" throughout the film's press tour, wearing outfits that nod to themes or plot points in the movie. Take a look at the best "Wicked"-inspired looks from the film's press tour, ranked from least to most on theme.
Persons: Cynthia Erivo, Ariana Grande's, , Zendaya, Margot Robbie, Jonathan Bailey, Jeff Goldblum Organizations: Service
Lichtman, who has accurately predicted nine elections to date, called a Harris win in September. He said he's received death threats and that there were two break-in attempts on his home. AdvertisementAllan Lichtman, the history professor who correctly predicted nine of the last 11 presidential elections, said he's received death threats after wrongly predicting 2024's results. Lichtman predicted a win for Vice President Kamala Harris over her opponent, former President Donald Trump, in September. "We've faced death threats, doxxing, swatting and intimidation at our doorstep.
Persons: Allan Lichtman, Lichtman, he's, , Kamala Harris, Donald Trump, We've, Harris Organizations: Harris, Service, American University, Washington, DC Metropolitan Police Department, Business, YouTube, The New York Times, Trump, Republican
Trump also had a call with Ukrainian President Volodymyr Zelenskyy. The phone call on Thursday marks the first time the pair are known to have spoken since Trump won the election. AdvertisementWhen approached for comment, a spokesperson for the Trump campaign told Reuters that they "do not comment on private calls between President Trump and other world leaders." Zelenskyy told ABC News that he thought Trump's proposal was a "beautiful" notion but was not grounded on "real-life experience." "Every time he comes to our country, he walks away with $60 billion," Trump said at the rally.
Persons: Donald Trump, Vladimir Putin, Trump, Volodymyr Zelenskyy, , Putin, Strong, Zelenskyy, realDonaldTrump, Vasily Nebenzya, that's, Володимир Зеленський Organizations: Service, Russian, Washington Post, Post, Reuters, Trump, Business, Zelenskyy, Fox News, ABC News Locations: Ukraine, Europe, Russian, Mar, Russia, Detroit
Streaming video services are seeing more customers hitting "pause," The Wall Street Journal reports. The Journal examined subscription data from analytics firm Antenna to see the pattern of people quitting Netflix, Apple TV+, Disney+, Hulu, Max, Amazon Prime Video, and others. The average rate of U.S. customer cancellations among premium streaming video services reached 5.2% in August, but after factoring in re-subscribers, the rate of defections was lower at 3.5%. Meanwhile, last month, the Federal Trade Commission finalized a "click to cancel" rule that is supposed to make it easier for customers to cancel online subscriptions. In them, he's dancing shirtless to an audio meme to promote his FX show, "English Teacher," which streams on Hulu.
Persons: I'm, , Brian Jordan Organizations: Street, Hulu —, Service, Netflix, Apple, Max, Amazon Prime, Federal Trade Commission Locations: Hulu
AOC during a recent Instagram Q&A asked voters why they backed her candidacy and Trump's reelection. Ocasio-Cortez strongly backed Harris and stumped for the vice president during the 2024 campaign. AdvertisementMany voters who split their tickets between Ocasio-Cortez and Trump or other Democratic candidates and Trump pointed to two key issues: the economy and the conflict in Gaza. And the vice president sought to reassure voters concerned over the Israel-Hamas war and the plight of Palestinians that she would work to secure peace in the region as president. The president-elect made major inroads, notably in several Democratic-heavy states, as many voters remained frustrated over the direction of the country.
Persons: Cortez, Harris, , Kamala Harris, Alexandria Ocasio, Donald Trump's, Trump, Joe Biden, ⬇️, nsB6X05Fp2 — Sidney D Johnson Organizations: Service, New York Rep, New, Congressional, Trump —, Democratic, Trump, Dem, dems Locations: Gaza, Ocasio, Alexandria, Cortez, New York's, Israel
Oz Cobb (Colin Farrell) makes a horrifying decision in "The Penguin" finale. Showrunner Lauren LeFranc told Business Insider there was a "level of dread" on set when filming the scene. Related storiesSpeaking to BI ahead of "The Penguin" finale, LeFranc answered our burning questions about the season, including how she planned Aguilar's horrifying death. Colin Farrell as Oz Cobb and Aria Shahghasemi as Taj Maroni in "The Penguin." Penguin doesn't kill Sofia Gigante so he can psychologically torture herCristin Milioti as Sofia Gigante in "The Penguin."
Persons: Oz Cobb, Colin Farrell, Lauren LeFranc, , Victor Aguilar, Rhenzy, Victor, Cobb, Aguilar, LeFranc, Aria Shahghasemi, Taj Maroni, Penguin, Matt Reeves, Matt, mafiosos, Feliz, HBO Victor, Victor didn't, Oz, Sofia Gigante, Milioti, Cristin, Francis Cobb, she's, they'd, Selina Kyle, Zoe Kravitz, Gigante, Sophia, It's Organizations: HBO, Service, Rotten, Mafia, Taj, Arkham Locations: Italian, American, Arkham
Citadel Securities hired Herb Sutter who spent 20 years at Microsoft. Sutter is an expert in C++, a coding language that underpins most of Citadel Securities' technology. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCitadel Securities just hired a 20-year Microsoft veteran who will be tasked with helping developers master a crucial but complex coding language to supercharge productivity. Sutter specializes in a programming language called C++, which underpins much of Citadel Securities technology, including its trading system that handles one in four stock trades in the US.
Persons: Herb Sutter, Sutter, He'll, , Ken Griffin's, Josh Woods, Herb, Woods, Michael Park, it's Organizations: Citadel Securities, Microsoft, Service, BI Locations: Canadian
AdvertisementA doctor who specializes in active aging shared three things she does to stay healthy and mobile as she grows older. That's why Wright sees healthy musculoskeletal aging as "a lifelong pursuit." Learn how to lift weightsWright recommends strength training to build as much muscle as possible, particularly in the critical decade. Related storiesEat a high-protein diet and plenty of vitamin DEating a high-protein diet helps build muscle. Getty ImagesIn order to build muscle, you also have to make sure you eat enough protein, Wright said.
Persons: Vonda Wright, , Wright, That's, Let's, Mike Molloy, It's, squats Organizations: Service, National Health, American Heart Association Locations: Florida
Wedbush's Dan Ives raised his price target on Tesla to $400 a share from $300, implying 24.5% upside from Friday's close. More love for longtime Club stock Nvidia : Morgan Stanley upped its price target on the AI chip king to $160 a share from $150 at Morgan Stanley. Club name Palo Alto Networks had its PT raised to $425 a share from $410 at Barclays. 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: Wedbush's Dan Ives, Donald Trump's, Trump, Wednesday's, Cigna, Morgan Stanley, Piper Sandler, Dell, Wells, Jim Cramer's, Jim Cramer, Jim Organizations: Trump, Nasdaq, Dow, Home, Disney, JPMorgan, Cisco Systems, Cisco, Humana, Medicare, Club, BlackRock, Deutsche Bank . BlackRock, House, Wolfe Research, Warner Bros, longtime Club, Nvidia, Melius, Dell Technologies, Bank of America, PT, Federal, Palo Alto Networks, Barclays, Analysts, Jim Cramer's Charitable, CNBC Locations: Ives, Wells, Alto, Palo
He examines how his team steps up when he takes PTO to determine whether he's hired the right people. I usually find vacation an opportunity to judge if I've hired the right team. Every time I've come back, I've felt the folks I've hired are the right people; they've stepped up, and they know they can make decisions. So when I'm going on vacation, I ask myself, who can I direct people to instead for questions they'd normally ask me? AdvertisementLet's say you have one or two people on your team you're concerned about while you're going to be on vacation.
Persons: Gopal Shenoy, he's, , I've, they've, Slack, they'll, they'd Organizations: Service Locations: people's, they're
There are clear mental health benefits to healthy workplace boundaries. AdvertisementIn France, where the trend emerged, workers are under no obligation to work at home, and ignoring calls outside work hours is no grounds for discipline. Related storiesMental health benefitsThere are clear mental health benefits to healthy workplace boundaries. Cooper said that when attempting to improve a company's culture, you also don't want to eliminate flexible working altogether. In his work on the book "Flexible Work: Designing our Healthier Future Lives," Cooper found that people have wanted flexible work for a long time.
Persons: , Rentokil, Elouisa Crichton, Sir Cary Cooper, Cooper, Crichton, it's, Jeri Doris, Doris Organizations: Service, Labour, Gallup, BI, Manchester Business School Locations: France, Portugal, Australia, New York, Washington, California
President-elect Donald Trump is unlikely to continue Biden's student-debt relief efforts. Two of Biden's debt relief plans remain blocked in court, keeping borrowers in limbo. "He's throwing money out the window," Trump previously said of Biden's debt relief efforts, also calling broad relief "vile" and illegal. If they secure the majority in both the House and Senate, legislation to rescind Biden's debt relief efforts has a chance of being signed into law. For now, millions of borrowers remain on forbearance as they wait for the courts to decide what will come of Biden's broader debt relief efforts, leaving their timeline for repayment in limbo.
Persons: Donald Trump, Trump, , Joe, Biden, hasn't, Karoline Leavitt, Vance, Mike Pierce, Pierce Organizations: Service, GOP, Education Department, Public, Business, Trump, Protection, Republican, Senate
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Wall Street firm Jefferies boosted its Salesforce price target to $400 per share from $350, implying 40% updside from Friday's close. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m.
Persons: Jim Cramer, Jeff Marks, Jefferies, Marks, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Devices, Broadcom, Nvidia, Wall Street, Federal Reserve, Jim Cramer's Charitable Locations: Friday's
Veterans can face challenges translating their military skills to civilian roles. Employers too often overlook or discount the experience veterans bring, a report found. These advocates for hiring veterans said that by looking a little closer at the skills undergirding veterans' experience, employers could help plug gaps in their workforces. Yet at the same time, employers often overlook or discount military experience, LinkedIn found. From there, Dickman said, Hire Heroes USA can go to employers and point to the abilities a veteran, service member, or military spouse possesses.
Persons: Ashley Bethea, , Bethea, Ashley, hadn't, Ross Dickman, Dickman, Jesse Gartman, Gartman, he'd, he's, Trina Clayeux, Clayeux, they've Organizations: Air Force, Service, Business, Hire, Apache, Army, Marine Corps, Craigslist, Movers, Pentagon Locations: America, Iraq, New York City, Oklahoma City, Gartman, Bethea
It reignites a debate about the feasibility of developing increasingly advanced models and AI scaling laws — the theoretical rules about how the models improve. It remains to be seen how smart an AI model can get when it has that much capital thrown at it. There could also be strategies to make AI models smarter by enhancing the inference portion of development. The model OpenAI released in September — called OpenAI o1 — focused more on inference improvements. Still, it's clear that, like Altman, much of the industry remains firm in its conviction that scaling laws are the driver of AI performance.
Persons: OpenAI's, It's, , Sam Altman, Fabrice Beaulieu, Altman, OpenAI, Andrew Caballero, Reynolds, Ion Stoica, Gary Marcus, Anthropic, Marcus, Claude, Ilya Sutskever, Dario Amodei, Kevin Scott, we're, Scott, they've Organizations: Service, OpenAI's, Orion, Business, Getty, Companies, New York University, Reuters, Sequoia, o1 Locations: GPT, Silicon Valley, AFP
Analysts said tariffs on cars imported from Mexico would have dire consequences for US automakers. Tesla announced in March 2023 that it was planning to build its seventh gigafactory near the industrial hub of Monterrey, Mexico. Trump vowed to clamp down on automakers building cars in Mexico on the campaign trail, and the prospect of new tariffs could force US automakers such as Tesla to make some hard choices about operational or planned factories in Mexico. Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing in Mexico. Other automakers have expanded their presence in Mexico, despite the uncertainty of the election and the prospect of tariffs under a second Trump term.
Persons: Donald Trump, Elon Musk, , Tesla, Trump, It's, Donald Trump's, Alex Brandon, Musk, Sam Fiorani, Fiorani, Ford, David Whiston, Scott Olson, BYD, Stephanie Brinley, Alanis King, Brinley, Stellantis Organizations: Service, Mexico —, AP, UBS, Trump, AutoForecast Solutions, General Motors, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, BYD, Chrysler, Street Journal, BMW, P Global, Toyota Tacoma, GM Locations: Mexico, Monterrey, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí
Does this mean Twitter is going to be more important in the Trump 2.0 era? It's really not Twitter — it's — Twitter goes on television, or if they have breaking news, I'll tweet, I'll say "Watch this — boom." AdvertisementTrump was the TV presidentTrump was transfixed by TV, and that meant TV was the most important medium during his first presidency. Musk, for instance, spent part of his Sunday using Twitter to criticize "Saturday Night Live" — just like Trump used to do. But I will be surprised if Donald Trump, TV guy, becomes Donald Trump, Twitter guy.
Persons: Donald Trump, Elon Musk, Trump, , Tucker Carlson, Charlie Kirk, Kirk, US Sen, Rick Scott, 🇺🇸🇺🇸, own e, abou, witt, and i, ike Organizations: Twitter, Service, Trump, US, itt, Fox, Adv
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