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New York CNN —There’s a popular idea in political discourse known as the horseshoe theory. The idea is that if you map ideologies on a horseshoe-shaped spectrum, the far right and the far left are actually more closely aligned than the centrists on either side. Missouri Republican Sen. Josh Hawley is another young buck (44 is the new 24 in Congress) who’s all-in on Trump and positioning himself as an advocate for workers. “Pro-worker is raising the minimum wage, ensuring people get overtime, supporting paid sick and family leave,” Terri Gerstein, the Director of the NYU Wagner Labor Initiative, told CNN. “Playacting as working class by dressing up in jeans and acting aggrieved doesn’t do anything for real working people who are struggling.”
Persons: CNN Business ’, New York CNN —, we’ve, Ohio Republican Sen, JD Vance, , Donald Trump’s, Vance, Reagan, Lina Khan, Biden, ” Vance, Wall, Massachusetts Democratic Sen, Elizabeth Warren, New York Times ’ Ross, Bernie Bros, ” Vance isn’t, Missouri Republican Sen, Josh Hawley, who’s, Hawley, , Democrats –, , Rupert Murdoch, Ken Griffin, Trump, Liz Shuler, “ Sen, he’s, ” Terri Gerstein, NYU Wagner, “ Playacting Organizations: CNN Business, New York CNN, Ohio Republican, Yale, Silicon, Massachusetts Democratic, New York Times, GOP, Missouri Republican, Trump, Democrats, Time, ” Media, Washington Post, AFL, , NYU, NYU Wagner Labor Initiative, CNN Locations: New York, Silicon Valley, Massachusetts, American
Trekking Across Switzerland, Guided by Locals’ Hand-Drawn Maps Nostalgic for a time before ubiquitous connectivity, a writer ditched his phone and relied instead on serendipity — and maps made by people he met along the way. So perhaps the most difficult day was also the day I knew for sure that I would make it — that I’d find my way across Switzerland with nothing but the hand-drawn maps of strangers. The map I’m using was drawn by Susana, a Portuguese woman who married into a local family and now runs a mountain refuge near the village of Grindelwald. Days 9 and 10 43 miles, through the original heart of Switzerland and the turquoise lakes of the canton of Glarus. This is the heart of Switzerland — the original cantons that formed the Old Swiss Confederacy, the precursor to the modern-day country.
Persons: Chris, Rocher de Naye, Melanie, Col de Chaude, d’Oex, , , I’ve, ” I’ve, Rudy, Nestor, Dora, haven’t, Sherlock Holmes, Susana, I’m, Simon, he’s, They’re, Kris, Andy Clark, we’ve, it’s, Peter, Andrea, won’t, Jon, you’re Organizations: Sparta —, Restaurant, Energy, Swiss Confederacy Locations: Switzerland, American, Lake Constance, Lake Geneva, Montreux, Caux, Europe, Col, Charlotte, Gstaad, Bernese, xenia, Lenk, Adelboden, Lake, Portuguese, Grindelwald, Meiringen, Engelberg —, Tasmania, Swiss, Danish, Glarus, Schwyz, Liechtenstein
Eyes closed, she listened as the Mercato Partners cofounder Greg Warnock stepped into the living room of his houseboat. Before starting Mercato, Warnock bought a large stake in a chemical-distribution business and made his first few millions in the acquisition. For an aspiring investor in Silicon Slopes, Mercato Partners seemed the place to be. They say the complaints from female Mercato employees are emblematic of religious and social norms that place women in the home. Mercato Partners no longer promotes Savory Fund or Prelude on its website following an organizational shake-up.
Persons: Powell, Elizabeth Moore, Greg Warnock, Moore, Warnock, Melia Russell, Jim Dreyfous, Paul Ahlstrom, Mercato, Emma Jackson, Elizabeth Moore's, Lake Powell, Mr, Staci, McCubbins, feely, David Bateman, Bateman's, Josh James, James, machismo, David McNew, Alan Hall, Jackson, wouldn't, Matthew Ashton, something's, massages, Melissa Walred, Walred, Greg, There's, gleeful Warnock, he'd untangle, Joe Kaiser, Ryan Sanders —, Savory, Warnock's, Davis Warnock, Davis, Victor Charlie, Larry H, TMRS, Staci McCubbins, Rosalie Chan Organizations: Mercato, Business, Lambda, Mercato Partners, BI, Opportunity, Thermal, vSpring, Beehive State, Getty, Pelion Venture Partners, Miller Company, Missouri State Employees, System, Nationwide Insurance, Family Insurance, Los, Employees, Association, Saudi Aramco, Google, Facebook Locations: Utah, Mercato, Lake, Coachella, Powell, Beehive, Silicon Slopes, Salt Lake City, Cottonwood Heights, Tibet, Missouri, Texas, Los Angeles, Saudi
Vance as his running mate and a possible successor to lead the “Make America Great Again” movement. The 39-year-old served in Iraq and later went to Yale Law School, where he met his wife, Usha Vance. (She resigned from her role as a trial lawyer at Munger Tolles & Olson after Vance joined the ticket.) Vance rose to national prominence after publishing the best-selling memoir “Hillbilly Elegy.” He worked at Mithril Capital Management, a venture capital firm co-founded by Peter Thiel, and Steve Case’s Revolution. Vance is close to the libertarian wing of the tech industry.
Persons: Donald Trump, Vance, He’s, , he’s, Usha Vance, Olson, Peter Thiel, Steve Case’s, Thiel, Eric Schmidt, Marc Andreessen, David Sacks Organizations: Trump, Yale Law School, Mithril Capital Management, Ohio Senate, Republican National Convention Locations: Iraq, Munger, Silicon, Ohio
Trump's new pick for VP is former venture capitalist JD Vance. Some Silicon Valley leaders and other VCs are excited at Trump's decision. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Vance, who spent short stints as a venture capital investor at three firms in Silicon Valley and the Midwest, has close ties to tech and politics kingmaker Peter Thiel.
Persons: JD Vance, , Elon, Donald Trump's, Trump, Sen, Vance, kingmaker Peter Thiel, Thiel, Musk Organizations: Service, tech's, Business Locations: Silicon Valley
AdvertisementThe Thiel effectFor Vance, Thiel's influence first left its mark when he was still a student. Thiel also got a shoutout on the acknowledgments page of Vance's 2016 book, "Hillbilly Elegy." The former PayPal CEO has given $15 million to Vance's campaign, Politico reported — the largest donation ever given to one Senate candidate. AdvertisementOne of Trump's biggest donors in the 2016 presidential campaign, Thiel has re-emerged as a key player in the MAGA movement after largely sitting out the 2020 election. Thiel also appears to have pulled some of his Silicon Valley strings to advance Vance's campaign.
Persons: , JD Vance, Peter Thiel, Vance, Donald Trump, Thiel, Palantir, Elon Musk, Thiel's, meaninglessness, Tolkien, Steve Case, Trumper, Win McNamee, MAGA, Trump, David Sacks, Musk, Sacks, Tucker Carlson, Nordin Catic, Mark Zuckerberg Organizations: Service, Republican National Convention, Republican, White, Business, PayPal, Trump, Bloomberg, Yale, Yale Law School, Thiel's, Mithril, Narya, Politico, Republican Party, Fox News, Cambridge University Union, Facebook, Palantir Technologies, Spotify Locations: Milwaukee, Ohio, Mithril, Mar, Cambridge, England, Airbnb
Regional bank stocks are breaking out, and they may be able to continue to climb even if second-quarter earnings results are modest. The SPDR S & P Regional Bank ETF (KRE) has risen for six straight trading sessions, and on Monday it closed at its highest level since December. KRE 1Y mountain This regional bank ETF is at its highest level since December. The group still trades below historical valuations more than a year after the failure of Silicon Valley Bank, Bank of America said. Notable regional bank earnings reports this week include Citizens Financial Group on Wednesday, M & T Bank on Thursday and Fifth Third Bancorp on Friday.
Persons: Ebrahim Poonawala, Banks, Poonawala, Goldman, Ryan Nash, Nash, — CNBC's Michael Bloom Organizations: P Regional Bank ETF, Federal Reserve, Fed, Bank of America, Silicon Valley Bank, Western Alliance, WAL, York, Citizens Financial Group, T Bank, Fifth Third Bancorp Locations: Silicon
CNN —The CIA has assessed that the leader of Hamas in Gaza, Yahya Sinwar, is coming under increased pressure from his own military commanders to accept a ceasefire deal and end the war with Israel, CIA Director Bill Burns told a closed-door conference on Saturday, according to a source who attended. The increased pressure on Sinwar comes as Hamas and Israel have agreed to a framework deal that that President Joe Biden laid out at the end of May. That’s what US officials have said is being used as the basis to an agreement to end the fighting. Of the three most senior Hamas leaders in Gaza, Israel is believed to have found and killed just one: Marwan Issa, the second in command of the military wing. There are still “tough issues to resolve,” a source familiar with the talks told CNN after Burns’ meetings in Doha.
Persons: Yahya Sinwar, Bill Burns, Burns, Khan Younis, Burns –, Biden, , Joe Biden, Saturday Burns, Benjamin Netanyahu, ” Biden, , Marwan Issa, Mohammed Deif, Deif, Israel, Netanyahu, there’s “ Organizations: CNN, CIA, Sinwar, Hamas, Allen & Company, titans, Gaza’s Ministry of Health, Israel, Associated Press Locations: Gaza, Israel, Sun Valley , Idaho, That’s, Qatar, Egypt, Israeli, Tel Aviv, Sinwar, Doha
Marc Andreessen and Ben Horowitz are reportedly planning donations to groups supporting Donald Trump. The pair told employees at their VC firm, Andreessen Horowitz, about the plans, The Information reported. It's the latest example of big names in Silicon Valley lending support to Trump's election bid. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwo of the biggest names in Silicon Valley are reportedly planning to throw cash behind groups supporting Donald Trump's presidential campaign.
Persons: Marc Andreessen, Ben Horowitz, Donald Trump, Andreessen Horowitz, , Donald Trump's Organizations: Service, White, Business Locations: Silicon Valley
The next hot jobs for Gen Z
  + stars: | 2024-07-16 | by ( Aki Ito | ) www.businessinsider.com   time to read: +8 min
Silicon Valley has been laying off workers by the tens of thousands, making tech work almost impossible to come by. Millennials believed they were heading to Silicon Valley in service of a lofty mission. AdvertisementIf Silicon Valley is going out of vogue, what will take its place as the next hot destination? Civil service doesn't come with the pay or the glamour of tech jobs, but it offers the stability that college students say they want. When I speak to college students these days, I'm struck by how they lack the naivete I suffered from when I was their age.
Persons: Zers, Tesla, Instagram, Christine Cruzvergara, You've, Cruzvergara, Gen, Millennials, Lehman Brothers, Jude Children's, ironies, I'm, they're, they'll, Aki Ito Organizations: National Society of High School, Disney, Google, Facebook, Dow Chemical, Tech, Big Tech, Jude Children's Research, Mayo, Disease Control, FBI, NASA, CIA, CDC, Big Tech's, Star, Business Locations: Silicon, Silicon Valley, Washington
Read previewLanding a corporate job at Apple is such a big deal for tech workers that some seek out career coaches to help get interviews. Apple is seen as a place where workers 'push boundaries'Apple positions itself as providing more than just a job. AdvertisementAs with its products, Apple has worked to brand itself as having a more playful and curious environment than its competitors. Related storiesEven Apple Park, the company's headquarters in Cupertino, California, has earned the nicknames "the spaceship" and "the ring" for its futuristic circular design. Another Apple hopeful posted that they were "getting desperate" for a job at the company and had applied for 60 jobs in one day.
Persons: , Marc Cenedella, Steve Jobs, Cenedella, They've, Apple, Ehsan Farkhondeh, Arianny Mercedes, they'd, Theresa Park, Mercedes, Dan Ives, Apple's, Drew Evans, Evans Organizations: Service, Apple, Business, Wedbush Securities, American Express, Employees, Spotify, Apple Intelligence Locations: Silicon, Cloud, Cupertino , California
On Monday, former President Donald Trump selected the Republican senator from Ohio to serve as his running mate. He went from a "Never Trump Republican" to Trump's pick for vice president, and he supports a range of conservative issues, from increased tariffs to opposing abortion rights. When it comes to raising taxes, Vance also hasn't ruled out that possibility. Related storiesStill, on other issues like trade, abortion, and education, Vance has stayed behind Trump's policies. He also aligns with his party on issues like gun control, rejecting Democratic efforts for stricter gun laws.
Persons: JD Vance, Donald Trump, Vance, Trump, Hitler, Democratic Sen, Sherrod Brown, Elizabeth Warren, He's, Warren, Biden, Lina Khan, Khan, hasn't Organizations: Service, Corporate America, Republican, Business, GOP, Democratic, Trump, Biden, Federal Trade Commission, Big Tech Locations: Ohio, Silicon
Menendez maintains his innocence and plans to appeal the verdict, he told reporters outside the Manhattan courtroom on Tuesday. The discovery that Menendez owned a hoard of gold bars stunned many people. And now even Costco sells gold bars. The two kilograms and 11 ounces worth of gold bars Menendez and his wife possessed would have been worth over $185,000 as of Tuesday, according to Goldprice.org data. Other people who prefer to keep gold under their own roof store it in a gun safe or floor safe, he added.
Persons: Sen, Bob Menendez, Menendez, Jonathan Rose, ” Rose, , , Rose, it’s Organizations: New York CNN, Bank, Genesis Gold, Western Alliance, CNN, Costco, Dow, IRS Locations: New York, Manhattan, Beverly Hills , California
Read previewLast week, the ultrawealthy flocked to Idaho for Allen & Co.'s annual Sun Valley Conference. Pops of red and the classic tech-bro vest were in at Sun Valley 2024, but the weekend's standout style trend was a smaller accessory: tinted sunglasses. AdvertisementColorful sunglasses were the hit accessory of Sun Valley 2024Oprah Winfrey and Gayle King at the Sun Valley Conference 2024. Diane von Furstenberg and Barry Diller at the Sun Valley Conference 2024. Lauren Sánchez and Jeff Bezos at the Sun Valley Conference 2024.
Persons: , Oprah Winfrey, Gayle King, Kevork Djansezian, you'll, Winfrey, Diane von Furstenberg, Barry Diller, Brian Grazer, Jeff Bezos, Lauren Sánchez, Kim Appelt, Appelt, Justin Bieber's, Pattie Mallette, Holly, you've, Holly Sharma, Linda Farrow, Gucci, Linda Farrow's, Kadri Organizations: Service, Allen & Co, Sun Valley Conference, Business, Sun, Valley Conference Locations: Idaho, Sun
Mr. Vance, 39, is a political newcomer who entered the Senate only last year, but he has spent that time methodically ascending the conservative firmament. Once an acerbic Trump critic — attacking Mr. Trump as “reprehensible” and calling him “cultural heroin” — he won Mr. Trump’s backing in his 2022 Senate race by wholly embracing his politics and his lies about a stolen election. Mr. Vance, a venture capitalist in Silicon Valley who became best known for writing the memoir “Hillbilly Elegy,” did not forget it. Mr. Trump announced his choice in a post on his social media platform Truth Social on Monday, as the Republican National Convention was getting underway in Milwaukee. He said that Mr. Vance was “the person best suited” to be his potential vice president.
Persons: Donald J, Trump, J.D, Vance of, Vance, , Trump’s, , Mitch McConnell Organizations: Republican, Senate, Republican National Convention, Marine Corps Locations: Vance of Ohio, Silicon Valley, Milwaukee
Multiple wildfires in Southern California have burned a combined 20,000 acres, forced more than 1,000 evacuations over the weekend and, according to the California Highway Patrol, briefly shut down Interstate 5 on Sunday night. The Lost Hills fire, in Kern County, had burned about 500 acres by Sunday night and was zero percent contained, according to the California Department of Forestry and Fire Protection. Several fires that broke out in Kern and San Luis Obispo counties on Saturday were blamed on critical weather conditions and dry lightning over the weekend, Kern County officials said in a statement. The National Weather Service’s Los Angeles bureau said on Saturday that the heat wave scorching the Western United States would increase the risk of fire, and that “any new fire will grow very quickly.”One fire started on Saturday in Tejon Ranch, a well-known, 270,000-acre private property in Kern County, and by Sunday night had burned about 9,950 acres and was 40 percent contained, officials said. The blaze, known as the Rancho fire, has forced the evacuation of more than 1,000 people from the nearby Stallion Springs and Bear Valley Springs communities, the Kern County Fire Department said.
Organizations: California, Patrol, California Department of Forestry, Stallion, Kern County Fire Department Locations: Southern California, Kern County, Kern, San Luis Obispo, Los Angeles, United States, Tejon, Bear Valley Springs
The US is still coming to grips with the assassination attempt on former President Donald Trump. In today's big story, we examine the scrutiny the Secret Service is facing and what former special agents are saying about the tragedy . But that's not to say the Secret Service has avoided controversy over the last 40-plus years since the Reagan shooting. Secret Service agents converge on former President Donald Trump onstage at his Pennsylvania campaign rally. AdvertisementUltimately, another former Secret Service agent said the entire event represents a failure for Trump's security detail , BI's Matthew Loh and Cameron Manley report.
Persons: , Donald Trump, Jenny Chang, Rodriguez, Joe Biden, Insider's Brent D, Griffiths, Katherine Tangalakis, Lauren Edmonds, Saturday, Ronald Reagan, that's, Reagan, Brent, Jabin, Thomas Matthew Crooks, BI's Rebecca Rommen, Crooks, BI's Laura Italiano, Kenneth Niemeyer, Matthew Loh, Cameron Manley, Trump, Corey Comperatore, Kirill Kudryavtsev, Yuriy Gorodnichenko, Goldman Sachs, Michael M, Tyler Le, Jensen Huang, Elon Musk, Sam Altman's, Altman, Rebecca Zisser, Mickey Mouse, Hannah Montana, David, Nvidia's Goliath, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Jack Sommers, Annie Smith, Amanda Yen Organizations: Service, Business, Secret Service, Washington, Getty, FBI, UC Berkeley, NDR, Nvidia, Elon, European, Swedish, Disney, YouTube, GOP, Convention Locations: Colombia, Pennsylvania, Trump, Russia, New York, London
For Nvidia CEO Jensen Huang, being almost the only game in town for AI chips isn't enough. AdvertisementThe company also runs Nvidia Inception, an incubator and venture network that counts more than 20,000 early-stage companies among its membership. "I think it's crazy," said another founder whose company received investment from NVentures, who spoke on condition of anonymity. Any company trying to do anything major in AI has spent the past two years buying them by the truckload. AdvertisementHe says he's received personal calls from Huang in which the Nvidia CEO weighs in on company decisions or expresses disapproval of his public statements.
Persons: Jensen Huang, Chris Brown, Brown, Huang, Vishal Bhagwati, Sid Siddeek, Jensen, Umesh, Padval, Uber, Nvidia's, Lisa Su, he's, there's Organizations: Service, Nvidia, Business, Corporate, Cohere's, Google, AMD Locations: Silicon Valley, New York, NVentures, OpenAI
"We are seeing a material increase in client demand for committed acquisition financing, which we expect to continue on the back of increasing M&A activity," he said. "We're seeing it in our dialogue with sponsors," Solomon said. On the strategic side, Goldman advised on the roughly $60 billion sale of the oil and gas company Pioneer to Exxon. Solomon said Goldman also expects to benefit from the uptick in demand through its lending capabilities. "When there are more M&A transactions, whether it was financial sponsors or big corporates, there is more financing attached to that," he said.
Persons: , Goldman Sachs, David Solomon, Goldman, Solomon, Jamie Dimon, JPMorgan Chase, didn't, Dimon, Donald Trump, I'm, Permira Organizations: Service, Business, Investment, JPMorgan, Federal, Exxon Locations: Silicon Valley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow JD Vance's Silicon Valley ties will help Trump's fundraising campaignHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: CNBC
Not really," Chaudhry, the billionaire founder and CEO of cloud security company Zscaler, tells CNBC Make It. Together, they plunged their life savings — roughly $500,000 — into SecureIT, a cybersecurity software startup they co-founded in 1997. His timing was perfect: In 1998, Chaudhry sold SecureIT to VeriSign in an all-stock deal worth nearly $70 million. I said, "If [Netscape co-founder] Marc Andreessen could start a company — he was a young guy [right] out of college — why shouldn't I start a company?" It took us a few years to really start getting traction in the market, and VCs can write you off and move on.
Persons: Jay Chaudhry, he'd, Chaudhry, Jyoti, SecureIT, Chaudhry —, , Marc Andreessen, Let's, we'd, Zscaler, you'll, VCs Organizations: IBM, Unisys, CNBC, Netscape, Atlanta, Software, BellSouth, Fortune, Forbes, IDC, Gartner, VCs Locations: India, SecureIT, Atlanta, Alpharetta , Georgia
‘Hillbilly Elegy’ Gets a Blockbuster Sequel
  + stars: | 2024-07-15 | by ( A.O. Scott | ) www.nytimes.com   time to read: +1 min
“I am not a senator, a governor or a former cabinet secretary,” J.D. Vance wrote on the first page of “Hillbilly Elegy,” by way of establishing his regular-guy bona fides. This is partly because Vance is, in fact, a senator, and also, as of Monday, the presumptive Republican vice-presidential candidate. This turnabout is notable because part of the legend of “Hillbilly Elegy” is that liberals were its intended audience and biggest fans. One is the large-scale movement of poor whites, among them the author’s maternal grandparents, from rural Appalachia to the cities and towns of the Rust Belt.
Persons: , ” J.D, Vance, MAGA, Ross Douthat, Donald Trump wasn’t Organizations: Marine, Yale Law School, Republican, Trump, The New York Times Locations: Appalachia, Middletown , Ohio, New Haven, Silicon Valley ; Washington
Earlier this year, Satya Nadella hammered out a deal that surprised everyone outside his inner circle at Microsoft. Mr. Nadella, Microsoft’s chief executive, had his eyes on a Silicon Valley start-up called Inflection AI. The company’s chief executive, Mustafa Suleyman, was one of the founders of the pioneering artificial intelligence company DeepMind. He had raised more than $1.5 billion in funding and hired top researchers for his new company, but he had a not-so-great reputation as a boss. Microsoft still shelled out more than $650 million to license Inflection’s technology, hired most of its staff and put Mr. Suleyman in charge of a more than $12 billion chunk of Microsoft’s business.
Persons: Satya Nadella, Nadella, Mustafa Suleyman, Suleyman Organizations: Microsoft
Here are the four charts that show why Lee is so bullish on the stock market. AdvertisementHere are the four charts Lee shared with Business Insider that show why the already upbeat forecaster is so bullish on the stock market. Stock market peaks and demographicsFundstratThe stock market has a history of peaking right around the same time a population hits its peak prime age of around 50 years old, as they are closer to retirement and often spend less money. Fast-forward to 1974, when the silent generation saw its prime age peak. This occurred around the same time as a painful stock market correction of about 35% that lasted years.
Persons: Fundstrat's Tom Lee, Lee, , Tom Lee, millennials Fundstrat Lee Organizations: Service, Business, CNBC, Urban Institute, Tech Locations: America
CNN —A wildfire burning in eastern Canada has scorched more than 24,000 acres and forced thousands to flee the Town of Labrador City, where at least one hospital has been closed, officials said Saturday. Around 9,500 people have been evacuated from Labrador City, Jeremy Reynolds, a spokesperson for the Government of Newfoundland and Labrador, told CNN Saturday. The Town of Labrador City, in the northwestern part of the province, is remote and sits about 900 miles north of Canada’s capital city of Ottawa. The fire is spreading just three miles northwest of Labrador City. The wildfire has also led to the temporary closure of Labrador West Health Centre, according to Furey.
Persons: Labrador Andrew Furey, Furey, Jeremy Reynolds Organizations: CNN, Government of, Residents, Labrador West Health Locations: Canada, Labrador City, Newfoundland, Labrador, Government of Newfoundland and Labrador, Canada’s, Ottawa, Happy, Labrador West, Wabush, Furey
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