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Apple | Spotify | Stitcher | Amazon | Google Listen and follow ‘Hard Fork’A group of tech titans is gobbling up land north of San Francisco with aspirations to alleviate the Bay Area’s housing crisis, promote innovation, and experiment with new forms of governance. It’s not the first time ultra-wealthy people have tried to build the place of their dreams. Then, note-taking apps claim to make us smarter. Casey Newton, a productivity cult member, on how A.I. Plus, Kevin and Casey play HatGPT.

Persons: It’s, Casey Newton, Kevin, Casey, HatGPT Organizations: Apple, Spotify Locations: San Francisco

☆ Visualizing the Latest Wave of N.C.A.A. Conference Realignment
▼ + stars: | 2023-09-01 | by ( Josh Katz | Kevin Quealy | ) www.nytimes.com time to read: +5 min

Missouri and Texas A&M were the first teams to join the SEC in 20 years. Financial benefits and concerns about conference stability lured Boston College to become the A.C.C.’s 12th member in 2005. Penn State, one of the last major programs to remain independent, became the Big Ten’s 11th member in 1993, setting off a wave of realignment across college football. The Missouri Valley Conference stopped sponsoring football after the 1985 season. Arkansas departed for the SEC in 1991, signaling the beginning of the end for the Southwest Conference, long associated with N.C.A.A.

Persons: Drake, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George Washington Colonials Georgia Bulldogs Georgia Southern Eagles Georgia State Panthers Georgia Tech Yellow Jackets Harvard Crimson Hawaii Rainbow Warriors Houston Cougars Idaho Vandals Illinois Fighting Illini Illinois State Redbirds Indiana Hoosiers Indiana State Sycamores Iowa Hawkeyes Iowa State Cyclones Jacksonville State Gamecocks James Madison, Monroe Warhawks Louisville Cardinals Marshall Thundering, William, Mary Organizations: Air Force Falcons Akron Zips Alabama Crimson Tide Appalachian State Mountaineers Arizona Wildcats Arizona State Sun Devils Arkansas Razorbacks Arkansas State Red Wolves Army Black Knights Auburn Tigers Ball State Cardinals Baylor Bears Boise State Broncos Boston College Eagles Bowling Green State Falcons Brigham Young Cougars Brown Bears Buffalo Bulls Cal State Fullerton Titans Cal State Los Angeles Golden Eagles California Golden Bears, Santa Barbara Gauchos, Santa Barbara Gauchos Central Michigan Chippewas Charlotte 49ers Chattanooga Mocs Cincinnati Bearcats Clemson Tigers Coastal, Colorado Buffaloes Colorado State Rams Columbia Lions Connecticut Huskies Cornell Big Red Dartmouth Big Green Davidson, Drake Bulldogs Duke Blue Devils East Carolina Pirates East Tennessee State Buccaneers Eastern Michigan Eagles Florida Gators, Atlantic Owls Florida, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George Washington Colonials Georgia Bulldogs Georgia Southern Eagles Georgia State Panthers Georgia Tech Yellow Jackets Harvard Crimson Hawaii Rainbow Warriors Houston Cougars Idaho Vandals Illinois Fighting Illini Illinois State Redbirds Indiana Hoosiers Indiana State Sycamores Iowa Hawkeyes Iowa State Cyclones Jacksonville State Gamecocks, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George Washington Colonials Georgia Bulldogs Georgia Southern Eagles Georgia State Panthers Georgia Tech Yellow Jackets Harvard Crimson Hawaii Rainbow Warriors Houston Cougars Idaho Vandals Illinois Fighting Illini Illinois State Redbirds Indiana Hoosiers Indiana State Sycamores Iowa Hawkeyes Iowa State Cyclones Jacksonville State Gamecocks James Madison Dukes Kansas Jayhawks Kansas State Wildcats Kent State Golden Flashes Kentucky Wildcats LSU Fighting Tigers Liberty Flames Long, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George Washington Colonials Georgia Bulldogs Georgia Southern Eagles Georgia State Panthers Georgia Tech Yellow Jackets Harvard Crimson Hawaii Rainbow Warriors Houston Cougars Idaho Vandals Illinois Fighting Illini Illinois State Redbirds Indiana Hoosiers Indiana State Sycamores Iowa Hawkeyes Iowa State Cyclones Jacksonville State Gamecocks James Madison Dukes Kansas Jayhawks Kansas State Wildcats Kent State Golden Flashes Kentucky Wildcats LSU Fighting Tigers Liberty Flames Long Beach State, Niners Louisiana, Louisiana Tech Bulldogs Louisiana, Monroe Warhawks Louisville Cardinals, Terrapins Massachusetts Minutemen Memphis Tigers Miami, Hurricanes Miami, Michigan Wolverines Michigan State Spartans Middle Tennessee State Blue Raiders Minnesota Golden Gophers Mississippi State Bulldogs Missouri Tigers Navy Midshipmen Nebraska Cornhuskers Nevada Wolf, Las Vegas Rebels New, Lobos New Mexico State Aggies North, Tar, Carolina State Wolfpack, Texas, Green Northern Illinois Huskies Northwestern Wildcats Notre Dame Fighting Irish Ohio Bobcats Ohio State Buckeyes Oklahoma Sooners Oklahoma State Cowboys Old Dominion Monarchs Ole Miss Rebels Oregon Ducks Oregon State Beavers Pacific Tigers Penn State Nittany Lions Pennsylvania Quakers Pitt Panthers Princeton Tigers Purdue Boilermakers Rice Owls Richmond Spiders Rutgers Scarlet Knights SMU Mustangs Sam Houston State Bearkats San Diego State Aztecs San Jose State Spartans South Alabama Jaguars South Carolina Gamecocks South Florida Bulls Southern Illinois Salukis, Green Northern Illinois Huskies Northwestern Wildcats Notre Dame Fighting Irish Ohio Bobcats Ohio State Buckeyes Oklahoma Sooners Oklahoma State Cowboys Old Dominion Monarchs Ole Miss Rebels Oregon Ducks Oregon State Beavers Pacific Tigers Penn State Nittany Lions Pennsylvania Quakers Pitt Panthers Princeton Tigers Purdue Boilermakers Rice Owls Richmond Spiders Rutgers Scarlet Knights SMU Mustangs Sam Houston State Bearkats San Diego State Aztecs San Jose State Spartans South Alabama Jaguars South Carolina Gamecocks South Florida Bulls Southern Illinois Salukis Southern Mississippi Golden Eagles Stanford Cardinal Syracuse Orange Temple Owls Tennessee Volunteers Texas Longhorns Texas, Aggies Texas, State Bobcats Texas Tech Red Raiders, Citadel Bulldogs Toledo Rockets Troy, Tulane Green Wave Tulsa, Hurricane U.C.L.A, Bruins U.S.C, Trojans UAB Blazers UCF Knights UTEP Miners UTSA Roadrunners Utah Utes Utah State Aggies Vanderbilt Commodores Virginia Cavaliers Virginia Military, Keydets Virginia Tech, Deacons Washington Huskies Washington State Cougars West Texas State Buffaloes West Virginia Mountaineers Western, Western Michigan Broncos Wichita State, Mary Tribe Wisconsin Badgers Wyoming Cowboys Yale Bulldogs, Big, Notre Dame, SEC, Boston College, Boise State, WAC, ESPN, Penn State, The Ivy League, The Southern Conference, AA, Arizona State, Missouri Valley Conference, Arkansas, Southwest Conference Locations: Santa, Santa Barbara Gauchos Central Michigan, Santa Barbara Gauchos Central Michigan Chippewas Charlotte 49ers Chattanooga Mocs Cincinnati Bearcats Clemson Tigers Coastal Carolina, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George Washington Colonials Georgia Bulldogs Georgia Southern Eagles Georgia State Panthers Georgia Tech Yellow Jackets Harvard Crimson Hawaii Rainbow Warriors Houston Cougars Idaho Vandals Illinois Fighting Illini Illinois State Redbirds Indiana Hoosiers Indiana State Sycamores Iowa Hawkeyes Iowa State Cyclones Jacksonville State Gamecocks James Madison Dukes Kansas Jayhawks Kansas State Wildcats Kent State Golden Flashes Kentucky Wildcats LSU Fighting Tigers Liberty Flames Long Beach, Michigan Wolverines Michigan State Spartans Middle Tennessee State Blue Raiders Minnesota Golden Gophers Mississippi State Bulldogs Missouri Tigers Navy Midshipmen Nebraska Cornhuskers Nevada Wolf Pack Nevada, Green Northern Illinois Huskies Northwestern Wildcats Notre Dame Fighting Irish Ohio Bobcats Ohio State Buckeyes Oklahoma Sooners Oklahoma State Cowboys Old Dominion Monarchs Ole Miss Rebels Oregon Ducks Oregon State Beavers Pacific Tigers Penn State Nittany Lions Pennsylvania Quakers Pitt Panthers Princeton Tigers Purdue Boilermakers Rice Owls Richmond Spiders Rutgers Scarlet Knights SMU Mustangs Sam Houston State Bearkats San Diego State Aztecs San Jose State Spartans South Alabama Jaguars South Carolina Gamecocks South Florida Bulls Southern Illinois Salukis Southern, Deacons Washington Huskies Washington State Cougars West Texas State Buffaloes West Virginia Mountaineers Western Carolina, Western Kentucky, Notre, . Missouri, Texas, Arizona

☆ Giuliani loses support of billionaires Langone, Cooperman: 'I wouldn't give him a nickel'
▼ + stars: | 2023-08-31 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

Langone contributed $4,600 to Giuliani's 2008 campaign for president, according to FEC records. This executive donated $2,300 to Giuliani's 2008 run for president, according to FEC records. Goodman did not say who is contributing to help Giuliani pay for his legal fees or how much those entities have raised. "I probably will," said Catsimatidis, who owns New York radio station WABC that employs Rudy Giuliani and his son. "I think people should help Rudy Giuliani.

Persons: Rudy Giuliani, Donald Trump, Giuliani, Rudy, I'm, Brian France, Ken Langone, Forbes, Langone, Cooperman, It's, Leon Cooperman, Trump, he's, Ted Goodman, Goodman, Joe Biden swiped, Andrew Giuliani, John Catsimatidis, Catsimatidis Organizations: New York City, NASCAR, New, FEC, Trump, Billionaire, Commission, CNBC, titans, Former New York City, Wall Street, Washington D.C, Giuliani, Twitter, Giuliani Defense, New York, WABC, New York Republican Locations: Georgia, Washington , U.S, France, New York, New York City, Russian, York City, Bedminster , New Jersey

☆ Fin Capital has become the most prolific fintech investor in the world. Behind the scenes, there's been a phishing attack, whistleblower complaints, and a wave of exits.
▼ + stars: | 2023-08-23 | by ( Ben Bergman | ) www.businessinsider.com time to read: +12 min

It was August 2021, during the waning months of the frothy startup bull market, and Fin Capital was on the ascent. The message was a phishing attack — Fin Capital had been hacked. But there is dispute over how Fin Capital handled the attack and its aftermath. Still, as other firms have sharply pulled back on investing in the downturn, Fin Capital has done the opposite. It's unclear whether the whistleblower complaints that former Fin Capital employees filed with the SEC are being investigated.

Persons: Logan Allin, Fin Capital, Allin, you've, Gene Price, Frost Brown Todd, who'd, It's, fiduciaries, Capital, Tom Allin, Obama, Forbes, you'll, he'd, Peter Thiel ., Henry Kravis, Roelof Botha, Thiel, Kravis, Botha, fintech, Pipe's cofounders, Peter Ackerson, Ackerson, Andreessen Horowitz, fundraisings, Ben Bergman, bbergman Organizations: Fin, Sequoia, SEC, Securities and Exchange Commission, Fin Capital, Francis Yacht Club, Constellation, titans, KKR, Sequoia Capital, Caplight, FT Partners, LinkedIn, Twitter, Facebook Locations: York, Los Angeles, Fin, Silicon Valley, San Francisco, fintech, Sequoia

☆ VinFast stock soars again on Nasdaq as buzz over Vietnamese EV maker grows
▼ + stars: | 2023-08-23 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Shares of VinFast, the Vietnamese electric vehicle maker that went public in a red-hot Wall Street debut last week, enjoyed another stunning rally again Tuesday. The strong market performance could make it easier for VinFast to raise more money from investors, a move CEO Thuy Le told CNN the company was considering. A similar story played out last week, when VinFast began trading on the Nasdaq. Public trading of VinFast (VFS) is based on razor-thin volumes — just 1% of the shares, which means price moves can be extremely volatile. On Tuesday, VinFast was one of the top trending companies and “most watched” stocks on Stocktwits, a social network for investors.

Persons: Thuy Le, VinFast, Pham Nhat Vuong, CNN’s Julia Chatterley, Le, “, ”, ” Le, Nhac Nguyen, Pham, CNN’s Livvy Doherty Organizations: Hong Kong CNN —, CNN, Nasdaq, Volkswagen, Ford, Getty, Volkswagen Group Locations: Hong Kong, New York, lockup, Hanoi, AFP, North Carolina, Asia, United States

☆ Big-money investors are increasingly bullish on these 8 AI beneficiaries, according to a Goldman Sachs analysis of over 744 hedge funds with a combined $2.4 trillion in equities
▼ + stars: | 2023-08-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Hedge funds' top holdings have performed much better this year than in 2022 or 2021. Here are eight artificial intelligence beneficiaries that hedge funds are gravitating toward. The heaviest investments from hedge funds recently have been to energy and financials stocks, Snider wrote. 8 AI winners that hedge funds still loveWhile hedge funds haven't turned their back on tech, it may appear that way at first glance. Along with each is its ticker, industry, the number of hedge funds that owned it in December 2022 and June 2023, and the increase in the number of hedge funds that owned the stock in that span.

Persons: Goldman Sachs, Goldman Sachs Goldman Sachs, Ben Snider, Snider, they're, Russell, they've, haven't, it's Organizations: Microsoft, Nvidia, Goldman Sachs Research, Apple

☆ Thierry Despont, 75, Dies; Brought Elegance to Prestigious Properties
▼ + stars: | 2023-08-20 | by ( Alex Williams | ) www.nytimes.com time to read: 1 min

Thierry Despont, the worldly, erudite French architect and designer whose rich sense of history and heritage brought a refined elegance to the grand homes of industry titans like Bill Gates and Calvin Klein, as well as to the restoration of landmark projects like the Statue of Liberty, the Woolworth Building and the Ritz Paris, died on Aug. 13 at his home in Southampton, N.Y. His death was confirmed in a statement provided by his family. No cause was specified. A native of Limoges, France, Mr. Despont moved to New York in 1980 and quickly rose to a position of influence in the global architecture and design world. He was an officer of the Legion of Honor, the highest French honor, and was named to the Architectural Digest AD100 2023 Hall of Fame.

Persons: Thierry Despont, Bill Gates, Calvin Klein, Despont Organizations: of, Woolworth, Ritz Paris, Legion, of Fame Locations: French, Southampton, N.Y, Limoges, France, New York

☆ NFL roundup: Colts use big 4th quarter to storm past Bears
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +8 min

[1/5] Aug 19, 2023; Indianapolis, Indiana, USA; Indianapolis Colts quarterback Sam Ehlinger (4) after the game against the Chicago Bears at Lucas Oil Stadium. Beathard completed 12 of 20 passes for 138 yards with one touchdown and one interception for the Jaguars (2-0). Nate Sudfeld completed 9 of 18 passes for 80 yards with a touchdown and an interception for the Lions (1-1). Teammate John Wolford was 4-for-4 for 57 yards before leaving the game with a neck injury in the third quarter. With Aaron Rodgers sitting out the game, Jets backup quarterback Zach Wilson completed 9 of 13 passes for 70 yards.

Persons: Sam Ehlinger, Trevor Ruszkowski, Ehlinger, Jake Funk's, Matt Gay, Daurice Fountain, Nathan Peterman, Justin Fields, Isaiah Bolden, Bolden, Calvin Munson, Malik Heath, Bailey Zappe, Jordan Love, D'Ernest Johnson, Tank Bigsby, Beathard, Trevor Lawrence, Parker Washington, Teddy Bridgewater, Nate Sudfeld, Skylar Thompson, Tua Tagovailoa, Thompson, Salvon Ahmed, C.J, Stroud, Ka'imi Fairbairn, Kenny Pickett, Matt Barkley, Jaylen Warren, Pat Freiermuth, Josh Allen, Barkley, Joey Porter Jr, Chandon Sullivan, Elijay Riley, Kyle Allen, Justin Shorter, Trey Palmer, Kyle Trask, Trask, John Wolford, Wolford, Greg Zuerlein, Aaron Rodgers, Zach Wilson, Patrick Mahomes, Blaine Gabbert, Shane Buechele, Buechele, Chris Oladokun, Matt Prater's, Clayton Tune, Malik Willis, Julius Chestnut, Willis, Nick Mullens, Jake Moody's, Trey Lance, Cameron Latu, Francisco, Lance, Jarrett Stidham, Ben DiNucci, Jaleel McLaughlin, Brian Hoyer, Aidan O'Connell, Isaiah Pola, Daniel Carlson's, Stetson Bennett, SaRodorick Thompson Jr, Drew Lock, Dak Prescott, Cooper Rush, Will Grier, Rush, Rico Dowdle Organizations: Indianapolis Colts, Chicago Bears, Lucas Oil, NFL, Colts, Indianapolis, Bears, Patriots, Packers, Pats, Jaguars, Lions, Detroit, Jacksonville, Dolphins, Texans, Miami, Houston, Steelers, Bills, Pittsburgh, Buffalo, Buccaneers, Jets, Tampa Bay, Chiefs, Cardinals, Kansas City, Vikings, Tennessee, Minnesota, Titans, 49ers, Broncos, Denver, The 49ers, Raiders, Rams, Las Vegas, The Raiders, Seahawks, Cowboys, Dallas, Seattle, Thomson Locations: Indianapolis , Indiana, USA, New England, Green, England, Jacksonville, Pickett, Tampa, New York, East Rutherford, N.J, Arizona, Glendale, Ariz, Minneapolis, Minnesota, Santa Clara, Calif, Los Angeles, Inglewood , Calif, Vegas, Seattle

☆ US Steel, once a symbol of America’s economic might, is now for sale in the bargain bin
▼ + stars: | 2023-08-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

The Pittsburgh-based company formed in 1901 as a merger of the nation’s leading steel companies — including Carnegie Steel Corp. — and was engineered by financier J.P. Morgan. But, in recent years, US Steel’s fallen far below other American steel companies in steel output and stock market value. (Last year, US Steel shipped only 11.2 million tons of steel from its US operations and had just under 15,000 US employees.) That compares to 14.49 million metric tons from US Steel, including its operations in Europe, which rank 27th in the world for 2022, according to the World Steel Association. Bradford said all along the way, US Steel and other US integrated steelmaking rivals with storied names such as Bethlehem Steel, Inland Steel and LTV Steel underestimated the competitive challenge that they faced from overseas and mini-mills at home.

Persons: J.P, Morgan, Andrew Carnegie, eyeing, ”, Charles Bradford, “ It’s, ” Bradford, Nucor, Bradford, Walt, Joe Biden, Biden, what’s, he’s, Sen, J.D, Vance Organizations: New, New York CNN, US Steel Corp, US Steel, Steel, titans, Carnegie Steel Corp, United Nations, Homestead, US Steel's Carnegie, Illinois Steel Corp, Bettmann, Atlantic, Pittsburgh, Pittsburgh Post, Gazette, US, Fairfield Works, . Steel, World Steel Association . US Steel, Bethlehem Steel, Inland Steel, LTV Steel, Dow Jones, Walt Disney, JPMorgan, Co, Street, LTV, Reuters, Cliffs, The United Steelworkers, Ohio Republican Locations: New York, Pittsburgh, United States, Europe, Japan, Germany, Fairfield Works ., Charlotte, America, Bethlehem, steelmakers, China, India, Korea, Inland, Cleveland, Ohio

☆ Michael Oher: 'The Blind Side' star's long effort to correct the record
▼ + stars: | 2023-08-15 | by ( Eric Levenson | ) edition.cnn.com time to read: +12 min

CNN —In his 2011 memoir, Michael Oher wrote that he had a special skill for forgetting his difficult past. Sean Tuohy told the Daily Memphian that his family was devastated. In 2003, he began to stay more often with the Tuohy family, whose daughter Collins also attended Briarcrest. Another contract from April 2007 exists that was “purportedly signed by Michael Oher” in which Oher gives away his name, likeness, voice, etc. “It’s hard because you have to defend yourself, but whatever he wants, we’ll do,” Sean Tuohy said, according to the Daily Memphian.

Persons: CNN —, Michael Oher, “, ”, Oher, White, Sean, Leigh Anne Tuohy, Steve Farese, Sean Tuohy, Michael, Don Yaeger, “ ‘, I’d, Ole Miss Michael Oher, Ole, Matthew Sharpe, ” Oher, Michael Lewis, Lewis, Mike, Collins, Tuohy, David Bergman, Sandra Bullock, Oscar, Lily Collins, Tim McGraw, Jae, Quinton Aaron, Warner, Larry French, “ Michael, Michael Oher’s, Oher “, Michael Oher ”, ” Tuohy, “ We’re, he’d, ‘, You’ve, It’s, Sean Tuohy Jr, ’ ”, Tiffany Roy, Kobi, Kierstin, Jim Rome, that’s, ’ Organizations: CNN, ”, Ole Miss, Mississippi State, Briarcrest Christian School, University of Mississippi, Baltimore Ravens, AP, Academy, Warner Bros, Baltimore, Tennessee Titans, Carolina Panthers, NFL, Foundation, Creative Artists Agency, Daily, Barstool Radio, ’ ” CNN Locations: Memphis, Tennessee, Oxford , Mississippi, Baltimore

☆ Michael Oher, depicted in ‘The Blind Side,’ alleges he was never adopted by Sean and Leigh Anne Tuohy, but signed into a conservatorship
▼ + stars: | 2023-08-14 | by ( Jennifer Henderson Eric Levenson | Jennifer Henderson | Eric Levenson | ) edition.cnn.com time to read: +8 min

A lawyer for Sean and Leigh Anne Tuohy, Steve Farese, said they have no comment but will be issuing a statement Tuesday. During the summer after his junior year, Oher started staying with Sean and Leigh Anne Tuohy occasionally. Instead, the papers appointed Sean and Leigh Anne Tuohy his conservators. Another contract from April 2007 exists that was “purportedly signed by Michael Oher” in which Oher gives away his name, likeness, voice, etc. Sandra Bullock won best actress for her performance of Leigh Anne Tuohy in the 2010 82nd annual Academy Awards.

Persons: CNN —, Michael Oher, ”, Sean, Leigh Anne Tuohy’s conservatorship, Oher, Leigh Anne Tuohy, Steve Farese, Sean Tuohy, “, Michael, ” Sean Tuohy, Oher’s, Michael J, ” Oher, Michael ”, Tuohy, Dad ”, “ Michael, Michael Oher’s, Oher “, Michael Oher ”, Conservators, Michael Lewis, ” Tuohy, Lewis, “ We’re, he’d, ‘, You’ve, It’s, Sandra Bullock Organizations: CNN, NFL, Juvenile, Creative Artists Agency, ESPN, University of Mississippi, Ole Miss, Baltimore Ravens, AP, Baltimore, Tennessee Titans, Carolina Panthers Locations: Tennessee, Memphis, alma mater, Baltimore

☆ Zuckerberg dismisses Musk for avoiding cage fight: 'It’s time to move on'
▼ + stars: | 2023-08-13 | by ( Julianne Mcshane | ) www.cnbc.com time to read: +3 min

The long-hyped possibility of a cage match between tech titans Mark Zuckerberg and Elon Musk appears to be no more, after Zuckerberg dismissed Musk for allegedly delaying their anticipated showdown in the ring. But in his latest comments on the matter, Zuckerberg said that while he was ready to fight, Musk kept coming up with reasons he couldn't. Musk previously claimed he may need surgery before fighting his rival. Shortly after, in responding to an X user who joked about Zuckerberg being trained in the Brazilian combat sport of jiujitsu, Musk responded, "I'm up for a cage match if he is lol." Musk and Zuckerberg are the second and 16th richest people on the planet, respectively, according to Forbes' most recent list of billionaires.

Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Musk, Elon isn't, Dana White, Elon, Meta, Andy Stone, — that's, Forbes Organizations: Facebook, Meta, Twitter, Las, New York Times, UFC, TMZ Locations: Las Vegas, Palo

☆ Zuckerberg Says It’s ‘Time to Move On’ From ‘Cage Fight’ With Musk
▼ + stars: | 2023-08-13 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

The will-they-or-won’t-they drama between Elon Musk and Mark Zuckerberg over a potential “cage fight” appeared on Sunday to end with a whimper, as Mr. Zuckerberg said that Mr. Musk’s delays and excuses had rendered the discussion moot. In a post to his nascent social-networking platform, Threads, Mr. Zuckerberg, the chief executive of Meta, wrote, “I think we can all agree Elon isn’t serious and it’s time to move on.” He included the hint of a taunt, “If Elon ever gets serious about a real date and official event, he knows how to reach me.”Mr. Zuckerberg’s message seemingly ended the suspense around a stranger-than-fiction summer of tension between the technology titans. Less than two months ago, Mr. Musk mused that he was “up for a cage match.” That was just before Instagram, owned by Meta, introduced Threads as a competitor to Mr. Musk’s Twitter (now renamed “X”). Whether or not he was serious at the time, intermediaries between the men began sketching out the contours of a match. Both executives continued to fan the flames; Mr. Zuckerberg posted photographs of himself shirtless in training, and Mr. Musk said in posts on X that the event could happen in Italy.

Persons: Elon Musk, Mark Zuckerberg, ”, Zuckerberg, “, Elon isn’t, Elon, Mr, Musk’s, Musk Organizations: Elon, Meta, Musk’s Twitter Locations: Italy

☆ The digital ad market is showing signs of stabilization. How the pros are playing it
▼ + stars: | 2023-08-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The signs of stabilization are perhaps most evident through recent better-than-feared earnings from behemoths like Alphabet and Meta Platforms as they focus on cost cuts and efficiency after 2022's rout. Meta Platforms said ad revenue rose about 12% last quarter from the prior year. Buying the '800-pound gorilla' It's hard to ignore Alphabet or Meta Platforms when investing in the advertising industry. On the digital side, Hanna Howard, a research analyst at GAMCO Investors, opts for Meta Platforms. Amazon posted a 22% increase in online advertising revenue year over year, and $10.68 billion in sales overall.

Persons: Susan Li, Rohit Kulkarni, Gene Munster, Paul Meeks, Meeks, Morningstar's Ali Mogharabi, Hanna Howard Organizations: Apple, Google, Roth Capital Partners, Street, Meta, Intelligence, Amazon, Independent Solutions Wealth Management, GAMCO Investors, Munster, Web Services

☆ From Elon Musk to Chinese tech titans, everyone wants Nvidia's GPU chips. There might not be enough to go around.
▼ + stars: | 2023-08-12 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Elon Musk has loaded up on Nvidia GPUs for X, xAI, and Tesla. Meanwhile, Chinese tech titans are reportedly scrambling to buy $5 billion worth of the chips. But there are signs emerging that there may not be enough of Nvidia's chips to go around, with multiple top executives warning that demand is massively outpacing supply. Soaring demandThe massive increase in interest in artificial intelligence has been a key factor driving demand for Nvidia's semiconductors. Perhaps the strongest sign that demand for Nvidia's chips is soaring came in May, when it released stellar second-quarter revenue forecasts that smashed Wall Street's expectations by 50%.

Persons: Elon Musk, Biden, Tesla, Adam Selipsky, Matthew Prince, there's, Barron's Organizations: Nvidia, titans, Service, Soaring, New, Research, Financial Times, Elon, Twitter, Web Locations: Wall, Silicon

☆ Martin Walser, 92, Dies; Among the Last Postwar German Literary Titans
▼ + stars: | 2023-08-08 | by ( Clay Risen | More About Clay Risen | ) www.nytimes.com time to read: +1 min

Martin Walser, among the last of a generation of acerbic, socially engaged novelists who dominated the German literary scene after World War II, died on July 26 in Überlingen, Germany, a city on Lake Constance, along the Swiss border. His publisher, Rowohlt, announced his death in a statement but did not provide a cause. Alongside writers like Henrich Böll, Günter Grass and Siegfried Lenz, Mr. Walser wrote essays, plays and novels that skewered what they saw as the complacent conservatism of Germany as it rebuilt itself into an economic powerhouse during the 1950s and ’60s. “If one were to cite an example of historically conscious, committed writing in postwar German literature, who else would spring to mind than Martin Walser?” President Frank-Walter Steinmeier of Germany wrote after Mr. Walser’s death. In 1981, he received the Georg Büchner Prize, the highest literary honor in Germany.

Persons: Martin Walser, Rowohlt, Henrich Böll, Siegfried Lenz, Walser, Frank, Walter Steinmeier, “ Ein, Georg Büchner Locations: Überlingen, Germany, Lake Constance, Swiss

☆ Top tech investor names 5 tech stocks to buy — and says 2 still have 'a lot of upside'
▼ + stars: | 2023-08-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Top tech investor Paul Meeks says he'll likely buy the dip in stocks, as he doesn't expect a significant and long-lasting downturn, he told CNBC. "Tech and aggressive growth stocks in particular, have done so well, this year, probably got way ahead of themselves going up too far too fast. The five tech stocks he said he would buy are Meta , Alphabet , Extreme Networks , Arista Networks and Shopify . Meeks added that he would also consider one small-cap tech stock that's "too cheap:" Harmonic , a video-streaming tech company. Here's how much average potential upside Wall Street is giving the stocks Meeks mentioned, according to FactSet.

Persons: Paul Meeks, he'll, Meeks, CNBC's, Amazon Meeks, He's, AAPL Organizations: CNBC, Wall, Nasdaq, Dow, Tech, Independent Solutions Wealth Management, Networks, Arista Networks, Apple, titans Apple, Oracle Locations: U.S, China

Da Ponte denied a Bloomberg report that the payments processor paused development of its stablecoin in February. But da Ponte argues this troubled backdrop is exactly why PayPal is poised to succeed. Then there's the hypothetical digital dollar that would be the Fed's take on a central bank digital currency, or CBDC. "We have a large base of consumers; we have a large base of merchants," da Ponte said of PayPal's "two-sided network." Da Ponte sees PayPal's more than 20-year tenure in the payments space as one of the company's chief advantages in the stablecoin market.

Persons: Jose Fernandez da Ponte, PayPal's, Da Ponte, Paxos, it's, Ponte, stablecoins, Nic Carter, Stablecoins, Carter, Andy Bromberg, Andreessen Horowitz, Bromberg, PYUSD, Jeremy Allaire, Allaire, Patrick McHenry, McHenry Organizations: PayPal, CNBC, Bloomberg, SEC, New, Regulators, Valley Bank, U.S ., U.S, Castle, Ventures, Companies, Eco, Coinbase Ventures, Paypal, Facebook, Financial Services, America Locations: U.S, New York, Bromberg, web3, United States, R, DexTools

☆ JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring's banking fiasco
▼ + stars: | 2023-08-07 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

JPMorgan, BofA, and Wells Fargo are among those refilling the FDIC's deposit insurance fund. The FDIC's fund recently took a $13 billion hit following the failure of First Republic Bank. Wall Street's largest lenders are set to pay nearly $8.9 billion to refill the Federal Deposit Insurance Corporation (FDIC) coffers after this spring's banking fiasco. JPMorgan tops the list as the biggest contributor, expected to pay $3 billion towards the US government's deposit insurance fund, according to Bloomberg. What followed was a $15.8 billion hole in the FDIC's deposit insurance fund.

Persons: Wells, Goldman Sachs, Morgan Stanley, Jamie Dimon Organizations: titans, JPMorgan, First Republic Bank, Morning, Deposit Insurance Corporation, Bloomberg . Bank of America, Citi Group, FDIC, Silicon Valley Bank, Signature Bank, Fed Locations: Wells Fargo, Silicon

☆ Jeff Bezos and Lauren Sanchez's superyacht engagement party reportedly included business titans and celebs, from Bill Gates and his girlfriend to Leonardo DiCaprio
▼ + stars: | 2023-08-07 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

Some big names attended, including Bill Gates, Bumble CEO Whitney Wolfe Herd, and Kris Jenner. The party took place on Bezos' $500 million yacht, which first set sail in February. Jeff Bezos and Lauren Sanchez celebrated their engagement last week — and their party aboard the Amazon cofounder's $500 million superyacht attracted some big names. Attendees included Kris Jenner, Bumble CEO Whitney Wolfe Herd, and fashion designer Sarah Staudinger, according to photos on Sanchez's Instagram. Bezos and Sanchez have been spending lots of time on their $500 million yacht, which first hit the seas in February.

Persons: Jeff Bezos, Lauren Sanchez, Bill Gates, Bumble, Whitney Wolfe Herd, Kris Jenner, Sarah Staudinger, Instagram, Paula Hurd, Page, Wendi Murdoch, Rupert Murdoch's, Ari Emanuel, Staudinger, Andrew Garfield, Tobey Maguire, Rania Al Abdullah, Queen of Jordan, Leonardo DiCaprio, Bezos, DiCaprio, Sanchez, Mackenzie Scott Organizations: Morning, Black Ops Aviation, Good Locations: Positano, Italy

☆ Oil prices are up 20% and energy stocks are rebounding
▼ + stars: | 2023-08-04 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

New York CNN —Energy stocks are making a comeback after being left for dead earlier this year. Energy stocks faltered in the beginning of the year, defying investors’ expectations for last year’s boom to accelerate on a lack of global supply. That drop in energy stocks came despite OPEC+ producers, the cartel of oil producing countries plus Russia, announcing several output cuts in a bid to bump up crude prices. US WTI crude oil prices have gained 22% since June 11, while global benchmark Brent is up by 19%. Jobs report will likely be strongMarkets and economists are expecting another solid jobs report on Friday, reports my colleague Alicia Wallace.

Persons: That’s, what’s, ”, Rebecca Babin, Chevron, Derek Amey, Jobs, Alicia Wallace, Daniel Zhao, Refinitiv, Read, Here’s what’s, Danielle Wiener, Bronner, We’ve, ” Read Organizations: CNN Business, Bell, New York CNN — Energy, Energy, OPEC, Brent, Federal Reserve, CIBC Private Wealth, titans, Shell, Reuters, Glassdoor, USA Rice Federation Locations: New York, Russia, Saudi Arabia, China

☆ Surprise winners, shock losers in 32-team World Cup group stage
▼ + stars: | 2023-08-04 | by ( Lori Ewing | ) www.reuters.com time to read: +5 min

The stunning upsets sent twice German champions packing in their first exit from the group stage in nine editions of the World Cup. Revived Norway were a big group stage winner, brushing off a turbulent two weeks to squeeze into the knockout rounds on goal difference over New Zealand. Norway's advancement sealed New Zealand's fate, despite the Football Ferns having edged the Norwegians 1-0 for their first win at a World Cup at the tournament's opening match. South Africa are not used to dominating outside their own continent and the nation erupted in celebration after the Banyana Banyana knocked out Italy, quarter-finalists four years ago, to progress with their first ever World Cup win. China's Steel Roses, once titans of women's soccer with silver medals from the 1996 Olympics and 1999 World Cup, were shock losers in the group stage, bowing out in a 6-1 thumping by England.

Persons: Deneisha Blackwood, Read, Lorne Donaldson, we'll, Anissa Lahmari, Marta, Canada's, Christine Sinclair, Sam Kerr, Matildas, Tony Gustavsson, Kailen Sheridan, Winger Caroline Graham Hansen, Hege Riise, Banyana, Cyril Ramaphosa, Shui Qingxia, Shui, Lori Ewing, Michael Perry Organizations: Soccer Football, FIFA, Jamaica, Brazil, Melbourne, Australia, New Zealand, Colombia, ARM, Olympic, Football Ferns, U.S, United, debutants, England, Thomson Locations: New Zealand, Jamaica, Brazil, Melbourne, Australia, SYDNEY, Morocco, South Africa, Norway, Germany, Canada, China, Perth, South Korea, Brisbane, Korea, New, Eden Park, Portugal, United States, debutants Portugal, Italy, England

☆ Stocks are having their best run since 2021. Can they beat the August doldrums?
▼ + stars: | 2023-08-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

On average, August has been the worst performing month for stocks since 1986, according to Morningstar. That means the dwindling number of traders who remain must take extra care in a such a potentially volatile environment. 99-year-old trucking company Yellow shuts downYellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers, reports my colleague Chris Isidore. He said the company began taking on significant amount of debt 20 years ago in order to acquire other trucking companies. “Now their debt service is just enormous,” he said, pointing to $1.5 billion in debt on its books.

Persons: Morningstar, It’s, it’s, ”, Michael Landsberg, Landsberg, “, ” Jackson, Jerome Powell, Barbie, Barbie ”, “ Oppenheimer, Eva Rothenberg, “ Barbenheimer ”, “ Barbie, Chris Isidore, Satish Jindel, Tom Nightingale, Read Organizations: CNN Business, Bell, New York CNN, Nasdaq, Apple, Landsberg Bennett, Wealth Management, Federal Reserve Bank of Kansas, Fed, Dow, AMC, Oppenheimer AMC Theaters, CNN, Warner Bros, Corp, Teamsters, AFS Logistics, “ Locations: New York, Jackson Hole , Wyoming, Washington, Nashville , Tennessee

☆ These are the watch brands most popular with Silicon Valley's tech elite
▼ + stars: | 2023-07-29 | by ( Lakshmi Varanasi | Jordan Hart | ) www.businessinsider.com time to read: +2 min

Insider asked style experts about the most popular watch brands worn by technology titans. Since the pandemic, those in the know say people in the tech industry are fixating more on watches than ever before. Victoria Hitchcock, a fashion lifestylist and personal brander in Silicon Valley, told Insider by email. Unlike professionals in finance who have long seen the value of "a statement," those in tech industry have been characterized — and even mocked — for their fixation on utility and simplicity. With that in mind, here's a closer look at the watches trending in Silicon Valley right now:

Persons: Cartier, Victoria Hitchcock, —, Paul Altieri, Patek Philippe, Jeff Bezos, Bill Gates, here's Organizations: titans, Casio, Omega, Morning, Technology, Rolex Locations: Silicon Valley

Now, two prominent senators are pushing to create a new federal agency to rein in the power of Big Tech. Elizabeth Warren, Democrat of Massachusetts, and Lindsey Graham, Republican of South Carolina, plan to introduce the Digital Consumer Protection Commission Act, which they say would restrain tech titans while letting them continue to innovate. But these companies have fought hard against increased oversight, and it’s unclear how a new agency will fit into a Washington already full of regulators. The bill is in the vein of legislation that established agencies to oversee fast-growing industries, much like how Congress created the Interstate Commerce Commission, the Federal Communications Commission and the Nuclear Regulatory Commission. “For too long, giant tech companies have exploited consumers’ data, invaded Americans’ privacy, threatened our national security and stomped out competition in our economy,” Ms. Warren told DealBook’s Ephrat Livni.

Persons: Elizabeth Warren, Lindsey Graham, Ms, Warren, DealBook’s Ephrat Livni Organizations: Apple, Meta, Microsoft, Big Tech, Republican, Digital Consumer Protection, Interstate Commerce Commission, Federal Communications Commission, Nuclear Regulatory Commission Locations: Massachusetts, South Carolina, Washington

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