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Still, Atomico said this shows that European tech funding levels have finally "stabilized" despite worsening global macroeconomic conditions leading to three consecutive years of declines. In the period spanning 2015 to 2024, European startups have bagged $426 billion, dwarfing the sum of investment deployed into tech firms the decade prior. Europe's first $1 trillion tech firm? Atomico said it's optimistic about the next decade in European tech. The VC firm, which was established by Skype co-founder Niklas Zennström, is predicting the entire European tech ecosystem combined could be valued at $8 trillion by 2034, up from around $3 trillion currently.
Persons: Reeves, Oli Scarff, Atomico, Tom Wehmeier, Wehmeier, Europe's, Rachel Reeves, techUK, Niklas Zennström Organizations: Startup Coalition, Getty Images Venture, European Tech, CNBC, VC, Skype, Spotify, Google, Apple, Facebook, Meta, Microsoft, Nvidia, Tesla Locations: British, State, Europe, U.S, China, Atomico, United States
In her more than 14 years working at the firm, "I really homed in on a niche of working with private family offices, ultra-high net worth individuals, celebrities, athletes, musicians," she says. She helps them fill all sorts of roles: "chief of staff, personal assistants, estate manager staff," nannies, personal chefs, etc. Though the types of roles they're hiring for vary, Levine says there are three traits that many of her successful clients always look for in an employee. Depending on the person she's recruiting for, they might need help organizing their calendar or they might need help moving their business forward. Whatever the problem, they ultimately want someone "who's going to provide solutions and improve their efficiency throughout the day."
Persons: Emily Levine, Levine, Kardashian, Jenner, Kevin Costner, Maria Shriver Organizations: NBA
And if you did miss them, both these revolutionary runways are part of a new London exhibition, “Vogue: Inventing the Runway,” at the Lightroom. Projected onto the venue’s 39-foot-high walls, a mixture of backstage and runway footage transports viewers into the epicenter of fashion history. Alexander McQueen's Spring-Summer 1999 show, featuring a duo of spray-painting robots, has gone down in fashion history. Coco Chanel would watch the her own fashion shows from the mirrored staircase in her apartment building in Paris. The Vogue exhibition at the Lightroom chronicles the history of the runway, using backstage and runway footage to immerse the audience.
Persons: you’re, Alexander McQueen’s, Chanel, , Chioma Nnadi, , Alexander McQueen's, Paul Vicente, John Galliano’s, Margiela, ’ Pont Alexandre III, Saint Laurent’s, Bella Hadid’s, Alex Consani strutting, Pharrell Williams, Louis Vuitton, Julien De Rosa, Charles Fredrick Worth, ” Dr, Kate Strasdin, dressmakers, Lucy, Lady Duff, Gordon, , I’ve, ’ ”, Karl Lagerfeld, David Fisher, ” Strasdin, Gabrielle “ Coco ” Chanel, tucking, — Marie, Kate, Ashley Olsen’s, Coco Chanel, Karl Lagerfeld’s, “ Voss, Anna Wintour’s, Justin Sutcliffe, McQueen, Dior —, Nnadi, It’s Organizations: London CNN, Vogue, British Vogue, Getty, England’s Falmouth University, CNN, Locations: , British, Saint, Paris, Pont, Pont Neuf, AFP, Worth, New York
Mr. Trump’s appearance at the launch demonstrates the growing closeness between the two billionaires, and Mr. Musk’s increasing influence in Mr. Trump’s realm. Last week, Mr. Trump announced that Mr. Musk would lead a yet-to-be-created government agency, and Mr. Musk has become a staple in Mr. Trump’s transition. Mr. Musk has frequently attended meetings with him at Mar-a-Lago, Mr. Trump’s private residence, and traveled with Mr. Trump to meetings in Washington. As has been the case with many of Mr. Trump’s job candidates, Mr. Musk’s influence and presence brings potential conflicts of interest. Although he and Mr. Musk only recently became close allies, Mr. Trump had long expressed admiration for Mr. Musk’s rocket launches and would frequently reference SpaceX during campaign speeches.
Persons: Donald J, Trump, SpaceX’s, Elon Musk, Musk, Trump’s, Musk’s Organizations: Elon, Mar, Mr, Musk’s SpaceX, SpaceX, Musk’s Locations: Brownsville , Texas, Washington
Veteran investor Howard Marks said he was hopeful about China's economy, but cautioned that the country's growth target was a monumental challenge. China has set a growth target of "around 5%" for 2024, though Bank of America and Citigroup, among others, have projected the world's second-largest economy will grow at under 5%. The World Bank has pegged China growth in 2024 at 4.8%, and expects it to decline further to 4.3% next year, despite a recent slate measures to boost the economy. The World Bank cited headwinds such as sluggish Chinese consumer spending, a struggling property market and an ageing population as key concerns for the world's second-largest economy. "You can't produce economic growth through stimulus perpetually.
Persons: Howard Marks, Marks, CNBC's Emily Chan, it's, Donald Trump's, Xi Jinping Organizations: Oaktree Capital Management, Global Financial, Investment Summit, Hong Kong Monetary Authority, Bank of America, Citigroup, Bank, People's Bank of China Locations: China
AdvertisementOpenAI Head of Product Nick Turley said users should experiment with ChatGPT's voice mode. Turley offered chatbot users tips on how to upload documents or make their own GPTs. Many people use ChatGPT to create recipes or write work emails, but OpenAI's Head of Product Nick Turley has some handy tips users might want to try. ChatGPT's voice feature comes in nine human-like voices developed with professional voice actors, which can be changed in the website's settings, according to the company. "It is a completely different way of using ChatGPT," Turley said.
Persons: Nick Turley, Turley, OpenAI, It's, they've, ChatGPT, you've Organizations: Twitter, Pixar, Enterprise
High home prices and higher mortgage rates along with low inventory have put ownership just out of reach for many households. Jose Luis Pelaez Inc | Digitalvision | Getty ImagesAlthough vacationing has also gotten more expensive, Americans are still determined to travel. Rising debt is another threat to wealthAt the same time, rising consumer debt has weighed on household balance sheets. Nearly half, 44%, of Americans said credit card debt is the biggest threat to their ability to build wealth, according to a separate report by Edelman Financial Engines. "That stands in the way of people building actual wealth and therefore feeling wealthier," she said.
Persons: , Freddie Mac, Jose Luis Pelaez, Jean Chatzky Organizations: Jose Luis Pelaez Inc, Deloitte, Edelman Financial, Federal Reserve Bank of New, CNBC Locations: Federal Reserve Bank of New York
AdvertisementIn an email to subscribers, Ark Invest highlighted its exposure to Elon Musk's private companies. Its venture fund includes stakes in SpaceX, X, and xAI, totaling nearly 15% of net assets. Ark Invest hyped Musk's influence with Donald Trump, saying his companies could also benefit. SpaceX was Ark Venture Fund's largest holding, with about 13% of assets, worth an estimated $8.7 million. In a recent interview, Winton illuminated the factors that drove Ark's investments in Musk's companies.
Persons: Elon, Donald Trump, Elon Musk, Brett Winton, Elon Musk's, Ark, xAI, Trump, Musk, He's, Winton Organizations: Ark Invest, SpaceX, Ark, Elon, Invest, ARK Venture Fund, Ark Venture, Trump megadonor, Trump's, Winton Locations: Elon, United States
The two-stage megarocket — which features the Starship spacecraft stacked atop the Super Heavy booster — will attempt liftoff during a 30-minute window that opens at 5 p.m. If the test flight team deems conditions are favorable for a landing attempt, booster touchdown should occur about seven minutes after launch. Joe Skipper/ReutersThe Starship spacecraft, meanwhile, will fire up its own six engines before entering a coasting phase as it soars through space. During the fourth integrated Starship test flight in early June, the spacecraft endured significant damage. “In 2025, SpaceX plans to undertake a long-duration flight test and a propellant transfer flight test,” according to a recent report from NASA’s Office of the Inspector General, or OIG.
Persons: CNN —, Sergio Flores, “ chopsticks, , , Elon Musk, SpaceX's, Joe Skipper, ” Musk, Artemis III Organizations: CNN, SpaceX, Super, Federal Aviation Administration, FAA, Getty, Starship, NASA’s Locations: Brownsville , Texas, Starbase, AFP
Stross is the president and co-founder of Greenhouse, the hiring platform, and has seen a lot of tech and AI advancements in hiring since his business launched in 2012. And so you feel pressure that if you're not applying to tons of jobs, you're falling behind." New tech can enable bad hiring practicesAnother issue is that businesses are leveraging hiring tech to post more job openings, even if they're not for roles they're actively hiring for. Another strategy: Reach out to first- or second-degree LinkedIn connections at companies you're actively applying to. Hiring tech can limit bad actors and highlight positive experiences
Persons: Jon Stross, he's, isn't, Stross, Greenhouse, they're Organizations: Greenhouse, CNBC
Blackstone announced Tuesday that it has acquired a “majority ownership position” in Jersey Mike’s, valued at around $8 billion, according to a source familiar. The influx of cash will help the sandwich chain “accelerate its expansion across and beyond the US market, as well as its continued investment in technology and digital transformation,” a statement said. “We believe we are still in the early innings of Jersey Mike’s growth story and that Blackstone is the right partner to help us reach even greater heights,” Cancro said in a statement. Jersey Mike’s is the second-largest sandwich chain behind Subway in sales. Data from QSR Magazine reveals Jersey Mike’s locations pull in about $1.35 million per unit, with an average Subway location raking in less than $500,000.
Persons: Peter Cancro, who’s, , Blackstone, ” Cancro, Roark Organizations: New, New York CNN, Jersey, Subway, Blackstone, QSR Magazine, Roark Capital Locations: New York, Jersey, New Jersey, Canada
As a result, the share of Americans saying they live paycheck to paycheck has been growing fairly steadily for the past two years, a recent Bank of America survey found. Nearly half of Americans at least somewhat agree with the statement, "I am living paycheck to paycheck," as of the third quarter of 2024. Importantly, how each respondent defines living paycheck to paycheck may vary. By that measure, around 30% of American households are living paycheck to paycheck, according to Bank of America's internal data. If it becomes unaffordable, that person may feel like they're living paycheck to paycheck, Tinsley says.
Persons: that's, David Tinsley, Tinsley Organizations: of America, Bank of America, Bank of, Bank of America Institute Locations: Bank
Art on the auction blockA little more than half of Phillips, Christie’s and Sotheby’s sales — which will carry the three aforementioned art pieces — were based in New York, where 34 of the top 50 auction lots were sold in 2023, according to an Art Basel and UBS Art Market Report. Christie’s is auctioning 689 lots this week as part of the November art auctions. But Todd Levin of Levin Art Group was skeptical that tax cuts would do much for the art market. Interest ratesAnother drag on the art market over the last few years: high interest rates. A signal for what’s to comeNew York’s art auctions in the spring and fall could be a sign of things to come for the global art market, according to Woodham.
Persons: Maurizio Cattelan’s, , Andy Warhol’s “, Rene Magritte’s “, Sotheby’s, Phillips, Merrill Lynch, Donald Trump, Alex Glauber, ” Glauber, Christie’s, René Magritte, Marc Porter, Hiroko Masuike, Trump, bode, Todd Levin, “ It’s, Doug Woodham, , Fernando Botero's, Kena Batancur, Glauber, Amy Whitaker, , ” Whitaker Organizations: New, New York CNN, Andy Warhol’s “ New York Skyscrapers, of, Christie’s, Association of Professional Art Advisors, CNN, Art Basel, UBS Art, New York Times, UBS Survey, Global, Trump White, Levin Art, Federal Reserve, Trump, NYU Steinhardt Locations: New York, Belgian, Christie’s Americas, Woodham, AFP, Miami
An unemployed UX designer, Lei had taken it upon herself to create the perfect work bag. Today, Lei is the 28-year-old CEO and founder of Freja, a New York-based company that sells work totes, shoulder purses and travel accessories. A 'really, really slow' startIn February 2019, Lei was a soon-to-be-unemployed graduate student at Cornell University preparing for a job interview in New York. She tried pairing three different work bags with her outfit, and none of them worked. "It was really, really slow for the first two years," says Lei.
Persons: Jenny Lei, She'd, Lei, , Freja, Louis Vuitton, Dior, Celine, Loewe, Sandy Liang Organizations: CNBC, Cornell University Locations: Hoboken , New Jersey, New York, Bryant, Brooklyn, Guangzhou, China
CNN —A powerful “bomb cyclone” will combine with an atmospheric river to unleash over a month’s worth of rain, hurricane-force wind gusts and feet of mountain snow to parts of the Pacific Northwest and Northern California. This bomb cyclone will work with an atmospheric river, a long plume of water vapor moving like a river through the atmosphere, to wring out heavy rainfall and significant mountain snowfall in the Pacific Northwest and Northern California beginning Tuesday. The pair will stall along the coast and hammer the area with hazardous conditions through the week and into the weekend. Rainfall of this magnitude is expected to cause significant urban flooding, debris flow on roadways and river flooding. Strong winds could cause extensive damage to trees and power lines,” the National Weather Service office in Seattle warned.
Persons: Organizations: CNN, National Weather Service, Weather Prediction, WPC Locations: Pacific Northwest, Northern California, San Francisco, Medford , Oregon, California, San Francisco Bay, Oregon, Washington, Seattle, Sierra Nevada
The best Walmart Black Friday deals are often available the week of Thanksgiving, but some enticing savings opportunities are available now. We've rounded up some of the best deals currently available at Walmart across home, kitchen, tech, and more. Make sure to check out our guide to the best early Black Friday deals. Best early Walmart Black Friday home and kitchen dealsThe best early Black Friday home and kitchen deals at Walmart feature products from Ninja, Dyson, Keurig, and more. View at WalmartBest early Walmart Black Friday tech dealsWalmart's best early Black Friday tech deals include everything from TVs to headphones to smartwatches to gaming consoles.
Persons: We're, Apple AirPods, Dyson, Keurig, it's Organizations: Business, Walmart, Dyson, LG, Best, Walmart Best, Apple, Samsung, iPad, Walmart Samsung Galaxy Watch, Galaxy, Walmart Apple
AdvertisementBudget airline Allegiant Air announced 44 new routes to smaller cities across the US. Allegiant's new routes may pressure major airlines to lower prices on competing routes. Lesser-known budget airline Allegiant Air announced 44 new routes to smaller cities across the US. These routes aren't necessarily flashy, but they'll likely help rural communities seeking better nonstop connections to more cities across the US. For example, Allegiant's new route between Dulles and Knoxville, Tennessee, costs $139 roundtrip in late May, not including any extras.
Persons: Allegiant, Drew Wells, Allegiant's, David Neeleman, Neeleman Organizations: Allegiant Air, Breeze Airways, Spirit Airlines, Frontier Airlines, United Airlines, American Airlines, Southwest Airlines, Dulles, Google Locations: Colorado, Phoenix , Orange County , California, St, Petersburg , Florida, Allegiant, Denver, Allegiant's, Washington Dulles, Phoenix, Dulles, Knoxville , Tennessee, Knoxville
Steven Guo launched his first business when he was 12 — "basically by accident," he says. In 2022, Guo sold one of his first businesses, a jewelry brand that brought in over $2 million in revenue within a year. The 24-year-old now owns and runs several e-commerce ventures set to bring in a combined $1.7 million this year. "By combining these two interests and making a really unique car cover, we can appeal to a much more passionate audience." "One thing that I wish I knew earlier about running a business is that the product isn't necessarily everything," he says.
Persons: Steven Guo, Guo, he's, Steven Guo Another, merch, It's Organizations: University of California Locations: Irvine
Population density and topography obviously have a significant effect on construction costs. “There was also a lack of discussion over the chosen route, which could have followed existing highway corridors.”Rapidly rising construction costs have plagued major projects across the world in recent years. Signs placed on a fence by environmental activists protest against tree-felling operations for the HS2 rail link at Jones Hill Wood in Wendover, England, in April 2021. However, their efforts were in vain and only succeeded in significantly driving up construction costs. ‘Mutilated and pointless’Plans have been dropped for a proposed HS2 railway station at Meadowhall in Sheffield.
Persons: hoardings, Henry Nicholls, it’s, Christian Wolmar, , Ricardo Ferreras, , ” Ferreras, Wolmar, Chris Gorman, Wood, Mark Kerrison, Joe Giddens, Mike Kemp, Rishi Sunak, Anna Gowthorpe Organizations: CNN, Speed, Britain, WHOOSH, Station, London Times, ” Railway, CNN Travel, , Chiltern, New Economics Foundation, London Euston, Birmingham Airport, Crewe, Conservative, Labour, Birmingham, Sunak, Leeds, High Speed Rail, Hitachi, Alstom, Siemens, Euston, Treasury, Audit Office Locations: United States, Bordeaux, France, China, Japan, London, English, Birmingham, Jakarta, Bandung, London's, AFP, Britain, Ukraine, Europe, Spain, Great, England, Jones, Wendover, Buckinghamshire, Colne, Cross , Hertfordshire, Manchester, Leeds, Scotland, Wales, Euston, Crewe, Meadowhall, Sheffield, Midlands, Nottingham, Liverpool
Multiple weather fronts will push rain and snow into the Midwest, the Southeast, the mid-Atlantic and the Northeast ahead of Thanksgiving week and some of the year's busiest travel days. Rain, snow expected this weekStarting in the Pacific Northwest, a "long duration atmospheric river" was expected to bring 5 inches of rain and at least 3 inches of snow to Oregon and Northern California beginning as early as Monday, federal forecasters and academic researchers said. The rest of the country is likely to get normal precipitation or below-normal rain during that time, the prediction center said. American Airlines said in a statement Thursday that it expects to set a record for passengers served during the holiday span, with nearly 8.3 million expected. It may be too early to tell whether brewing rain and snow systems will thwart travel and spending plans.
Persons: , Snow Organizations: National Weather Service, NBC, Western, Center, . Federal, Prediction, San, American Airlines, American, National Retail Foundation Locations: Texas, Oklahoma, West Texas, Abilene, Wichita Falls, Midland, Dallas, Fort Worth, Pacific Northwest, Oregon, Northern California, San Diego, Colorado , Kansas , Nebraska, South Dakota, Wyoming, Northwest, Ohio, East Coast, Great, New England, New York , New Jersey, Pennsylvania, U.S, California, Pacific Northwest , Montana , North Dakota, South Dakota , Nebraska , Iowa, Minnesota, Wisconsin, Michigan, San Francisco Bay
Shares of Samsung Electronics jumped on Monday after the company unveiled a surprise plan to buy back about 10 trillion South Korean won ($7.19 billion) worth of its own stock over the next 12 months. Samsung last bought back shares in November 2017, according to data maintained by LSEG. In a regulatory filing, the company said that 3 trillion won of shares will be bought back in the next three months and canceled. While the repurchase of the remaining 7 trillion won worth of shares will be "authorized accordingly by the Board, which will decide on ways to enhance shareholder value, including when and how to use the treasury shares," it added. According to South Korean media, SK Hynix is the first chipmaker in the world to supply fifth-generation HBM3E chips in March to Nvidia.
Persons: Donald Trump, — CNBC's Arjun Kharpal Organizations: Samsung Electronics, South Korean, South, Samsung, LSEG, Board, SK Hynix, Nvidia, CNBC Locations: Seoul, South Korean
Billionaire investor Stanley Druckenmiller built a sizable position in regional banks and made one health-care name his biggest position last quarter — two bets that have been rallying since the election of President-elect Donald Trump two weeks ago. The regional banking exchange-traded fund has climbed 12% this month alone, while Natera has jumped nearly 26% in November. KRE YTD mountain SPDR S & P Regional Banking ETF The widely followed investor was recently applauded for his big win on key artificial intelligence player Nvidia . During the third quarter, Duquesne added a small bet on Broadcom, worth $41 million, as another AI play. Druckenmiller shot to fame after helping make a $10 billion bet against the British pound in 1992.
Persons: Stanley Druckenmiller, Donald Trump, George Soros, Duquesne, Banks, Trump, Natera, Druckenmiller, bullish, Jensen Organizations: Quantum Fund, Duquesne Family Office, Regional Banking, Trump, Republican, GOP, Representatives, Regional Banking ETF, Nvidia, Duquesne, Broadcom, Duquesne Capital Management
To get the best flight prices, consider flying mid-week or traveling to and from another airport. Then we switched to a VPN, using five of the most popular services, and repeated the searches while appearing to be in a different country. Original flight price, Chicago to Seattle: $361Surfshark VPN price: $361Original flight price, Nashville to New York: $99Surfshark VPN price: $99Learn more at the Surfshark website. Original flight price, Chicago to Seattle: $361Cyberghost VPN price: $361Original flight price, Nashville to New York: $99Cyberghost VPN price: $99Learn more at the Cyberghost website. VPNs: When they're usefulWhile a VPN can't reliably help you book cheaper flights, having one can protect your digital privacy and security, especially when you travel.
Persons: , NordVPN NordVPN, Surfshark, Cyberghost Cyberghost Organizations: Service, Northern, Google, PIA Locations: United States, Chicago, Seattle, Nashville, New York City, China, New York, Africa, U.S, JFK, LaGuardia, Newark
The hour-long conversation marked the return of diplomacy to the decade-long conflict, even if their talk brought the familiar refrain it was not yet time to talk. One Western official said there was an “overall collective holding of breath” in Western capitals ahead of Trump’s inauguration. “The Germans speaking to Putin – that will have gone down badly” among Ukraine’s allies, the official said. “Giving Putin that positive bounce will have irked the French and others.” French President Emmanuel Macron has been particularly vocal about continuing support for Ukraine. Kremlin critics also warn of its history of using diplomacy as a pause or foil to pursuing its military goals.
Persons: Olaf Scholz, Vladimir Putin, Volodymyr Zelensky, acceding, Zelensky, , Putin, Donald Trump, Trump, Scholz, , Putin –, Emmanuel Macron, Donald Tusk, Biden, “ Scholz, Alena Epifanova, Epifanova, Scholz’s, Volodymyr Zelenskiy, Ebrahim Noroozi, Mike Waltz, “ ‘, , ’ ” Trump, Kurt Volker, Trump’s, it’s, Oleksandr Gimanov, Volker, he’s, ’ ” Volker, Trump “, ” Volker, Sen, Marco Rubio, Kim Jong Un, elect’s, Putin won’t, “ He’s Organizations: CNN, White, Sunday, Trump, German, Foreign Relations, Schloss, Reuters, Ukraine, Economist, Getty, Biden Locations: Ukraine, Russia, Russian, Europe, Polish, Moscow, Schloss Bellevue, Berlin, Ukrainian, European, Trump’s Ukraine, Odesa, AFP, , Afghanistan, China, United States, Beijing, US, Kyiv
Tech jobs are mired in a recession
  + stars: | 2024-11-18 | by ( Aki Ito | ) www.businessinsider.com   time to read: +9 min
But ask white-collar professionals who are actually looking for a job, and they'll tell you horror stories that are eerily similar to Bach's. As I wrote last spring, that's because the job market has essentially split into two distinct tiers. AdvertisementNow, new data from LinkedIn — which tracked how often its users landed new jobs — shows which white-collar jobs are being hit the hardest. AdvertisementAnother reason tech companies are hiring fewer professionals is that their existing employees are opting to stay put. "We're slowly, slowly recovering," says Art Zeile, the CEO of Dice, a tech job board.
Persons: Jon Bach, Bach, I've, that's, Kory Kantenga, , they'd, Jenny Diani, Jon Stross, Santiago Rodriguez, it's, we're, We're, Zeile, Dice, Aki Ito Organizations: eBay, LinkedIn, Autodesk, Google, Business Locations: coders, Silicon Valley
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