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☆ 8 major takeaways from the explosive new book about Elon Musk that lifts the lid on the world's richest person
▼ + stars: | 2023-09-17 | by ( Grace Dean | Grace Kay | ) www.businessinsider.com time to read: +2 min

Gianliuigi Guercia/Getty ImagesOne character who appears frequently throughout the book is Elon Musk's father, Errol Musk. "It turned out to be a really bad idea," Elon Musk told Isaacson. "It was mental torture," Elon Musk told Isaacson. But the years that he spent with his father have somewhat shaped Elon Musk's personality, according to the book. Ex-wife Talulah Riley also told Isaacson that Errol Musk's treatment of his son "had a profound effect on how he operates."

Persons: Elon, Elon Musk's, Gianliuigi Guercia, Errol Musk, Elon Musk, Isaacson, Kimbal Musk, Maye Musk, Kimbal, Grimes, Justine Musk, Errol, he'd, Talulah Riley, Errol Musk's, he's Organizations: Elon Locations: Pretoria

☆ Luis Arraez's first multi-HR game helps Marlins rally past Braves
▼ + stars: | 2023-09-16 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/38] Sep 15, 2023; Miami, Florida, USA; Atlanta Braves designated hitter Marcell Ozuna (20) smiles during batting practice before a game between the Braves and the Miami Marlins at loanDepot Park. Miami beat former Marlins reliever Brad Hand (4-2), who allowed four runs in one-third of an inning. The Braves kept the rally going as Acuna singled and scored from second on Austin Riley's single. The Braves went on to load the bases with one out in that same inning. Then, with two outs and none on, the Marlins scored four more runs, getting Garrett Hampson's RBI double and Stallings' bases-loaded two-bagger.

Persons: Marcell Ozuna, Rhona, Luis Arraez, Jacob Stallings, Ronald Acuna Jr, Brad Hand, A.J, Tanner Scott, hasn't, Arraez, Michael Harris II, Bryan De La Cruz, Ozzie Albies, Jesus Sanchez, Stallings, Jake Burger's, Harris, Acuna, Austin, Eddie Rosario, Travis d'Arnaud, Orlando Arcia, groundout, Riley, Albies, Garrett Hampson's Organizations: Atlanta Braves, Braves, Miami Marlins, National League, NL, Miami, Marlins, homering, The Braves, Atlanta, Thomson Locations: Miami , Florida, USA, loanDepot, Miami, Atlanta

☆ West Virginia Budget Cuts Are a Taste of Higher Ed’s Future
▼ + stars: | 2023-09-15 | by ( James Piereson | Naomi Schaefer Riley | ) www.wsj.com time to read: 1 min

Michigan Tech has come out on top and Harvard at the bottom in the largest-ever survey looking into the state of free speech on America's college campuses. Most elite colleges, including Penn and Yale, trail larger state schools with more working-class students. Images: Shutterstock/FIRE Composite: Mark KellyGordon Gee thinks higher education is at a “crossroads.” If it takes the wrong turn, it will head over a demographic and financial cliff. To save West Virginia University, of which he is president, in February he announced significant cuts, including the elimination of 169 faculty positions and some 30 academic programs and departments that were either lacking enrollment or too expensive to maintain.

Persons: Mark Kelly Gordon Gee Organizations: Michigan Tech, Harvard, Penn, West Virginia University Locations: Yale

☆ The Fed is expected to hold rates steady next week, but its guidance will be key for investors
▼ + stars: | 2023-09-15 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Federal Reserve is widely anticipated to hold rates steady in the week ahead, but key for investors will be the central bank's guidance on where it's headed from here. Investors are assessing a mixed batch of economic reports ahead of the Fed's September policy meeting. Meanwhile, August retail sales came in better than expected, jumping 0.6% against a 0.1% increase expected by economists. Housing data released in the week ahead could show whether housing demand remains solid. Week ahead calendar All times ET.

Persons: Bank's Rob Haworth, Jerome Powell, Powell, Hogan, Instacart, Arm's, Mills, Lisa Cook, —, Jeff Cox, Michael Bloom Organizations: Federal Reserve, Dow Jones, Dow, Nasdaq, Investors, PPI, Federal, Riley, FedEx, Housing, Philadelphia Fed, Darden, FactSet, Systems, National Bureau of Economic Research, Artificial Intelligence, PMI, SA, PMI Manufacturing SA, PMI Services SA Locations: NAHB, Toronto, Canada

☆ Dollar holds steady, yuan rises on better-than-expected China data
▼ + stars: | 2023-09-15 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

The U.S. dollar index last stood somewhat lower at 105.32, but still near Thursday's six-month peak of 105.43. The yuan and Australian and New Zealand dollars received a boost after a batch of economic data from China in the Asian morning came in better-than-expected for some key indicators, providing a rare lift in sentiment. The offshore yuan inched up against the dollar to 7.2918 following the release. The Australian dollar , a proxy for China growth, rose nearly 0.3% to $0.6443, while the New Zealand dollar was up 0.2% at $0.5912. The yen stuck near 147.41 per dollar in the Asian morning.

Persons: Dado Ruvic, Rodrigo Catril, Sterling, Simon Harvey, Brigid Riley, Indradip Ghosh, Lincoln, Navaratnam Organizations: REUTERS, Rights, Central, U.S, greenback, New Zealand, People's Bank of China's, National Bank of Australia, Australian, Mizuho Bank, Thomson Locations: Asia, China, Thursday's, Europe

☆ SoftBank-backed Neumora valued at $2.51 billion in lukewarm debut
▼ + stars: | 2023-09-15 | by ( Jaiveer Shekhawat | ) www.reuters.com time to read: +2 min

Sept 15 (Reuters) - Shares of Neumora Therapeutics (NMRA.O), which is backed by Amgen (AMGN.O) and Japan's SoftBank (9984.T), fell in their market debut on Friday, giving the company a market capitalization of $2.51 billion. The ongoing surge in listings points to a nascent recovery in the U.S. IPO market amid growing expectations of a pause in interest rate hikes by the Federal Reserve. Neumora, which is developing drugs for brain diseases, raised $250 million by selling 14.7 million shares priced at the mid-point of its previously disclosed range. Neumora's debut comes a day after Arm Holdings' strong debut valued the chip designer at more than $60 billion. "Neumora opened up trading slightly below the IPO price, but taken in context with RayzeBio ... market sentiment for established, later-stage biotech IPOs appears strong," Mullin added.

Persons: Japan's SoftBank, Neumora, Riley Mullin, Mullin, Jaiveer Shekhawat, Pritam Biswas, Shounak Dasgupta Organizations: Neumora Therapeutics, Nasdaq, Federal Reserve, Arm Holdings, Renaissance Capital, Arch Venture Partners, Thomson Locations: Watertown , Massachusetts, U.S, Bengaluru

☆ CNBC Daily Open: Arm’s surge lends helping hand to banks
▼ + stars: | 2023-09-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Michael M. Santiago | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In the same vein, when Arm experienced a flush of wellbeing, it radiated through markets' entire body, giving them their best day in weeks. The S&P 500 advanced 0.84%, its best showing in around two weeks, and the Nasdaq Composite gained 0.81%. "You've got the perfect framework of inflation heading in the right direction, but the economy not falling apart," Hogan said.

Persons: Rene Haas, Michael M, Hogan, JPMorgan Chase, Morgan Stanley, Goldman Sachs, Goldman, Goldman —, assuaged, You've Organizations: GM, Arm, Nasdaq, Santiago, Getty, CNBC, Riley, Big, JPMorgan, Tech, Dow, PPI Locations: New York City, U.S

MIAMI (AP) — A city of Miami commissioner accused of bribery and money laundering was arrested Thursday on multiple corruption charges, officials said. Miami Commissioner Alex Diaz de la Portilla and a co-defendant, Miami attorney William Riley Jr., were both booked into the Miami-Dade county jail and were expected to make their first court appearances on Friday, according to the Florida Department of Law Enforcement. Diaz de La Portilla, 58, and Riley, 48, have each been charged with one count of money laundering, three counts of unlawful compensation or reward for official behavior, one count of bribery and one count of criminal conspiracy. Political Cartoons View All 1160 ImagesDiaz de la Portilla was being held on a $72,000 bond, and Riley was being held on a $46,000 bond. Attorneys for Diaz de la Portilla and Riley didn't immediately respond to messages seeking comment from The Associated Press.

Persons: Alex Diaz de la, William Riley Jr, Diaz de la Portilla, Riley, Diaz de la, Diaz, la, Diaz de La, Diaz de, Riley didn't Organizations: MIAMI, Miami, Miami - Dade, Florida Department of Law, Dade, Broward State Attorney’s, Associated Press Locations: Miami, Dade County, Delaware

☆ Euro, sterling slide versus dollar ahead of U.S. inflation data
▼ + stars: | 2023-09-13 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

The dollar index , which tracks the currency against six peers including yen, euro and sterling, held firm, though moves were subdued, up 0.13% to 104.73, as traders awaited the U.S. consumer price index (CPI) reading for August. The release comes just a week before Federal Reserve officials gather to decide on interest rate policy. The euro fell 0.2% to $1.0731 as markets raised their bets on further ECB rate hikes despite recent data showing the decline in euro zone business activity accelerated faster than initially thought last month. A source told Reuters that the ECB expects inflation in the 20-nation euro zone to remain above 3% next year, bolstering the case for a 10th consecutive interest rate increase on Thursday. YEN RETRACES GAINSThe yen fell as traders further digested comments from Japan's top central banker on a possible early exit from its negative interest rate policy.

Persons: Dado Ruvic, CME's, BoE, Stephen Gallo, Jim Reid, Deutsche Bank . Sterling, YEN RETRACES, Hiroshige Seko, Kazuo Ueda's, Ueda, Joice Alves, Brigid Riley, Alison Williams, Mark Heinrich Our Organizations: REUTERS, Sterling, European Central Bank, Federal Reserve, Federal, ECB, FX, BMO Capital Markets, U.S, CPI, Reuters, Deutsche Bank ., Bank of Japan, Fed, Thomson Locations: U.S, Japan, London, Tokyo

☆ Dollar edges up ahead of inflation reading, euro awaits ECB decision
▼ + stars: | 2023-09-13 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

The dollar index , which tracks the currency against six peers including yen, euro and sterling, held firm, though moves were subdued, up 0.1% to 104.70, as traders awaited the U.S. consumer price index (CPI) reading for August. The release comes just a week before Federal Reserve officials gather to decide on interest rate policy. Elsewhere, the euro edged 0.1% lower to $1.0742 ahead of the ECB meeting on Thursday. A source told Reuters that the ECB expects inflation in the 20-nation euro zone to remain above 3% next year, bolstering the case for a 10th consecutive interest rate increase on Thursday. YEN RETRACES GAINSThe yen fell as traders further digested comments from Japan's top central banker on a possible early exit from its negative interest rate policy.

Persons: Dado Ruvic, CME's, Jim Reid, Deutsche Bank . Sterling, YEN RETRACES, Hiroshige Seko, Kazuo Ueda's, Ueda, Joice Alves, Brigid Riley, Alison Williams Organizations: REUTERS, European Central Bank, Federal Reserve, Commerzbank, ECB, Reuters, Deutsche Bank ., Bank of Japan, Fed, Thomson Locations: Japan, London, Tokyo

☆ Dollar steady ahead of key US inflation data, yen retraces gains
▼ + stars: | 2023-09-13 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

In the broader currency market, the dollar stood firm, though moves were subdued as traders stayed on guard ahead of the closely-watched U.S. inflation reading out later on Wednesday. Wednesday's U.S. consumer price index (CPI) data for August comes just a week before Federal Reserve officials gather to decide on interest rate policy. While the central bank is largely expected to keep rates on hold at next week's meeting, according to CME's FedWatch Tool, the Fed's next move in November remains more uncertain. "In recent months, European inflation, core inflation in particular, has fallen more slowly than expected. "The high inflation rate warrants another rate hike, but the economic indicators ... signal that a recession is imminent."

Persons: Dado Ruvic, Kazuo Ueda, Alvin Tan, Ueda, Hiroshige Seko, Sterling, CME's, Tina Teng, Brigid Riley, Shri Navaratnam Organizations: REUTERS, Rights, Bank of Japan, Asia FX, RBC Capital Markets, Federal Reserve, U.S, Wednesday's, Fed, CMC Markets, European Central Bank, Reuters, Rabobank, Thomson Locations: U.S, Asia, Wednesday's U.S

☆ Elon Musk's ex-wife told his biographer that deep inside the Tesla CEO 'is this manchild still standing in front of his father'
▼ + stars: | 2023-09-13 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Isaacson said Musk's second wife, Talulah Riley, said inside Musk is a manchild standing before his father. His newest opus, a biography of Elon Musk, was released on Tuesday. "Love and family are kind of associated with those psychological torments" for Musk, Riley told Isaacson. AdvertisementAdvertisementIsaacson himself described Errol Musk on the podcast as "psychologically problematic and difficult." Errol Musk added that he had learned about the entire incident from the headmaster of Elon Musk's school at the time.

Persons: Walter Isaacson, Elon Musk, Lex Fridman, Isaacson, Musk's, Talulah Riley, Riley, Musk, she's, TJ, Isaacson —, Errol Musk, Lex Fridman's, Tesla, Elon, Jane, Rachel Levine Organizations: Service, Elon Musk's, Biz News, Twitter Locations: Wall, Silicon, British, X's

☆ During stressful periods at work and in his personal life, Elon Musk would stay awake at night and vomit. He says working so hard has 'taken its toll.'
▼ + stars: | 2023-09-13 | by ( Pete Syme | Grace Dean | ) www.businessinsider.com time to read: +4 min

"I've been burning the candle at both ends with a flamethrower for a very long time," he told Isaacson. During this period, he also visited Aston Martin's CEO, who was dismissive of the EV movement, Isaacson wrote. Isaacson wrote that in the middle of the night, Musk would flail around and sleep-talk to himself. "Night after night, Musk sat upright on the edge of his bed next to Grimes, unable to sleep," Isaacson wrote. Michele Tantussi/Getty ImagesAs dawn came, Musk told her about his vision for Tesla's Autonomy Day.

Persons: Walter Isaacson's, Elon, Isaacson, Isaacson's, Musk, Aston, Talulah Riley, Tesla, Riley, Grimes, Auguste Rodin, Michele Tantussi, texted Isaacson Organizations: Service, Royal Aeronautical Society, SpaceX, Aston Martin's, EV, Autonomy Locations: Wall, Silicon, London, Cabo San Lucas, Mexico

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, CVS, Oracle, Walmart, Meta, Disney and more
▼ + stars: | 2023-09-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest analyst calls: Bank of America reiterates Nvidia as buy The bank is feeling even more bullish on the stock after meeting with Nvidia management at the Bank of America Global AI Conference. Monness Crespi Hardt downgrades Oracle to neutral from buy Monness downgraded Oracle after its earnings report Monday, mainly on valuation. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said its latest survey checks show Walmart+ continues to gain traction with consumers. Bank of America upgrades Cintas to buy from neutral Bank of America said the uniform company is "best in breed." Bank of America reiterates Disney as buy Bank of America is bullish on Disney's carriage agreement with cable company Charter.

Persons: NVDA, Monness Crespi Hardt downgrades, Tesla, Morgan Stanley, Wolfe, Berenberg, TD Cowen, Cowen, Mizuho, Coinbase, Riley, Guess, GES, Bernstein, Goldman Sachs, Exxon Organizations: Bank of America, Nvidia, Bank of America Global AI, Monness Crespi Hardt downgrades Oracle, Oracle, RBC, Tesla, Walmart, CVS, Retail, Endeavor, of America, Citi, BRP Inc, Canadian ATV, BRP, Disney, Barclays, U.S, BMO, Adobe Locations: Coinbase, Canadian

☆ Elon Musk whispered to his first wife, Justine, that he was 'the alpha in this relationship' during their first dance
▼ + stars: | 2023-09-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

During Elon Musk's first dance with Justine Musk, he told her he was the "alpha" in the relationship. Justine Musk was his first wife and the mother of five of Elon Musk's surviving children. "I am the alpha in this relationship," Elon Musk whispered to author Justine Musk, his first wife, as they danced following their ceremony on the Caribbean island of Saint Martin, Walter Isaacson wrote in "Elon Musk," his new biography of the tech mogul. Elon Musk met Justine Musk when he was a sophomore and she a freshman at Queen's University in Kingston, Ontario. AdvertisementAdvertisementShe told Isaacson that Elon Musk told her to dye her hair blonder and that she felt like she was being turned into a "trophy wife."

Persons: Elon Musk's, Justine Musk, Elon Musk, Saint Martin, Walter Isaacson, Isaacson, Elon, Jeff Bezos, that's, Justine, Kimbal Musk, Navaid Farooq, Maye, Griffin, Xavier, Kai, Damian, Talulah Riley Organizations: Service, Queen's University, University of Pennsylvania, PayPal, Bel Air Locations: Wall, Silicon, Saint, Kingston , Ontario, Queen's, New York City, Palo Alto, Nevada, Bel

Caleb Williams passed for 281 yards and three touchdowns and ran for another score while playing only the first half, Zachariah Branch returned a punt 75 yards for a TD, and No. 6 USC routed Stanford 56-10 on Saturday night. USC: This rivalry game clearly meant plenty to the Trojans, who celebrated every big play on the sideline and poured it on throughout the first half. Riley's team has a week off before the schedule gets tougher, and the Trojans appear ready to take the next step. POLL IMPLICATIONSAlabama's loss to Texas could clear a Top 5 spot for USC, or the Longhorns could leapfrog the Trojans despite this impressive victory.

Persons: Caleb Williams, Zachariah Branch, MarShawn Lloyd, Austin Jones, Dorian Singer, Brenden Rice, Lake McRee, Lincoln Riley, they’ve, “ We’re, ”, Riley, I’m, ” Williams, Stanford's Zahran Manley, Rice, “ I’m, USC, Cardinal, Troy Taylor, ” Ashton Daniels, Justin Lamson, Taylor, Daniels, We’re, ” Taylor, . Branch, Jamil Muhammad, Williams Organizations: ANGELES, Stanford, USC, Heisman, Big, ACC, SC, Trojans, Branch, Las Vegas, ., NEXT Stanford, Sacramento State, Arizona State, AP Locations: Southern California, Hawaii, Texas

☆ Rookies take center stage in Dodgers-Nationals rematch
▼ + stars: | 2023-09-09 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

September 9 - The Los Angeles Dodgers and Washington Nationals went through a chunk of their pitching to begin their weekend series. Los Angeles won 8-5 on Friday night in a game that ended close to midnight due to a seventh-inning rain delay. "We've got a good offense," Los Angeles designated hitter J.D. "I don't see him in there (Saturday) and most likely not in there on Sunday," Dodgers manager Dave Roberts said. Irvin had a tough time in a May 30 game at Los Angeles.

Persons: We've, J.D, Martinez, It's, Davey Martinez, Mookie Betts, isn't, Dave Roberts, Riley Adams, Dave Martinez, Drew Millas, Lane Thomas, Washington, Luis Garcia, Garcia, Saturday's, Bobby Miller, Miller, Miller's, Jake Irvin, Irvin hasn't, Irvin, Jason Heyward Organizations: Los Angeles Dodgers, Washington Nationals, Washington . Los Angeles, Dodgers, Los, Nationals, NL, Triple, Arizona, Braves, Washington, The Dodgers, Thomson Locations: Washington . Los, Miami, Rochester, Atlanta, Los Angeles

☆ How to make $10,000 a month on OnlyFans or more, according to creators
▼ + stars: | 2023-09-08 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

OnlyFans has become a go-to platform for creators, particularly in the sphere of adult content. From DMs to personalized content, here's how creators make $10,000 a month or more on OnlyFans. Ami Gan, the company's former CEO, said in October 2022 that OnlyFans had paid out $10 billion to creators since its founding in 2016, and that the platform had over 2 million creators. Promo "shoutouts": Creators rely on marketing tactics to get new customers, like buying and selling "shoutouts" from each other to advertise on OnlyFans and on other social-media platforms. Read more about the lucrative business of selling promotional "shoutouts" on OnlyFansHow 8 OnlyFans creators built their incomes to over $10,000 per month:How 3 OnlyFans creators are making over $100,000 per month:

Persons: OnlyFans, Ami Gan, Morgan Edwards, Edwards, Kitty K, Jade Nicole, Amber Sweetheart, Riley Reid, Reid, Read Organizations: Service, shoutouts Locations: Wall, Silicon

Maura Healey of Massachusetts, a liberal Democrat, has declared a state of emergency, activated the National Guard and started petitioning the White House for help. The migrants on state-funded buses from Texas are a fraction of the total number arriving in northern cities. Some of those migrants have family in New York, while others are attracted to the city’s history of welcoming immigrants. Still, the rising clamor is creating a rare convergence between the two parties, which for years have fought in seemingly parallel political universes. Endless Republican news conferences at the border and threats to impeach Alejandro Mayorkas, the homeland security secretary, were dismissed as political bluster.

Persons: Maura Healey, Star ”, “, Alejandro Mayorkas, shouldn’t, ”, Josh Riley, Marc Molinaro, Riley, Biden Organizations: Massachusetts, Democrat, National Guard, White House, Star, Republican, Democratic, Hudson Valley Republican, ”, Republicans Locations: Texas, . Texas, New York City, New York, Washington, Albany, Hudson

☆ Fact Check-US swimmer did not reject ‘$3 million partnership with Nike’
▼ + stars: | 2023-09-07 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Former competitive swimmer Riley Gaines has not rejected a multimillion-dollar partnership with Nike on account of the brand being “woke.” The claim shared online stems from a parody website. Regardless, the claim was taken seriously online with one Facebook user sharing the image with the caption, “Go WOKE...go Broke....” (here). The meme was first shared by the official America’s Last Line of Defense Facebook page (here). Gaines previously spoke out against Nike for its partnership with transgender influencer Dylan Mulvaney in April (here), (here). Swimmer Riley Gaines has not turned down a $3 million contract with Nike.

Persons: Riley Gaines, “, Gaines, “ Riley Gaines, “ I’m, “ Go, “ Dunning, influencer Dylan Mulvaney, Clay Travis, Buck Sexton, Read Organizations: Nike, Riley Gaines Center, Leadership Institute, Reuters, University of Kentucky, Defense, “ Dunning Kruger Times

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Apple, Netflix, Roku, McDonald's, Micron & more
▼ + stars: | 2023-09-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Barclays initiates Jabil and Flex as overweight Barclays initiated several technology manufacturers Thursday and said it sees margin expansion. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock heading into Apple's iPhone event next week. Barclays initiates LPL Financial as overweight Barclays said the financial services company is a "solid organic grower at reasonable valuation." Barclays downgrades Seagate to equal weight from overweight Barclays downgraded Seagate mainly on valuation. Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's staying bullish on shares of Meta.

Persons: Wells, Goldman Sachs, Morgan Stanley, McDonald's, Apple, it's, Jefferies, Canaccord, Johnson, Bernstein, Tesla, underperform Bernstein, Raymond James, Dell, Dan Jedda, Stifel, Riley downgrades Crocs, Riley, Truist, Raymond James downgrades Dave, Buster's, Guggenheim, Meta Organizations: Street, Barclays, JBL, EV, HSBC, Citi, Micron Citi, Micron, Oracle, Johnson, JPMorgan, Netflix, Tesla, DELL, Bank of America, Cloud Computing, LPL, Vail Resorts, Seagate, CyberArk Software Ltd, Meta, Nvidia Locations: 3Q23, Vail

☆ The Racial Achievement Gap and the War on Meritocracy
▼ + stars: | 2023-09-06 | by ( Jason L. Riley | ) www.wsj.com time to read: +1 min

He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.

Persons: Jason Riley, Riley, ”, “, Thomas Sowell ” Organizations: Wall Street, Mobility, Manhattan Institute, Borders, Blacks, Editorial, State University of New, USA, Buffalo News Locations: New York, Buffalo , New York, State University of New York, Buffalo

☆ Riley Leonard: Duke QB asks professor for homework extension deadline after momentous win – but is denied
▼ + stars: | 2023-09-06 | by ( Ben Morse | ) edition.cnn.com time to read: +1 min

Well, for Duke quarterback Riley Leonard, he found out that is not the case. On Monday night, Leonard played a starring role in helping the unfancied Duke Blue Devils topple No. In a video posted on social media after the game, Leonard requested an extension to homework which was due in on the day of the game. Donald H. Taylor, professor in the Sanford School of Public Policy, responded to Leonard’s request with a congratulatory message before explaining his reasoning. “Wesley Williams and the other linemen who were in the class, they said they prepared ahead and did it ahead of time, so why didn’t the quarterback?” Taylor said.

Persons: Riley Leonard, Leonard, Leonard’s, Donald H, Taylor, “ Wesley Williams, ” Taylor, Duke Organizations: CNN, Duke, Duke Blue Devils, Clemson, AP, Sanford School of Public, Lafayette Leopards

Flexport CEO Dave Clark is resigning from the supply chain software startup and handing the reins over to founder and executive chair Ryan Petersen after one year in the role — and after just six months of helming the company solo. As such, I will be resigning from my position at Flexport." Clark and Petersen had been co-CEOs of Flexport beginning last September, and Clark took over as the company's sole CEO in March. Flexport announced last June that Petersen would step down in March 2023 as CEO and turn the position over to Clark, while transitioning into the role of executive chair. In July, Flexport said Petersen would join Founders Fund, the venture capital fund founded by billionaire Peter Thiel.

Persons: Dave Clark, Ryan Petersen, Ryan, Clark, Petersen, Flexport, Peter Thiel ., — CNBC's Riley de León Organizations: CNBC, Wall Street, Amazon, Founders Fund, Peter Thiel . Representatives, Fund Locations: Flexport, Texas, Clark

☆ AMC shares slide 20% after theater chain announces plan to sell additional stock
▼ + stars: | 2023-09-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Shares of AMC Entertainment fell sharply in early trading Wednesday after the theater chain said in a filing that it plans to sell up to 40 million new shares to raise cash. AMC was widely expected to sell additional shares after the successful conversion of the preferred APE shares into AMC common stock in August. The theater chain sold millions of shares of common stock in recent years after becoming one of the so-called meme stocks popular with retail traders. The company issued the preferred APE shares as part of a strategy to change its corporate voting structure and get shareholder approval to sell additional common stock. AMC said in the filing Wednesday that it will sell the new shares through "at-the-market" offerings, without a specific time frame.

Persons: Goldman Sachs, Taylor Swift Organizations: AMC Entertainment, AMC, Citigroup, Barclays, Riley Securities Locations: U.S, Hollywood

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