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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWell-trafficked areas of the market are becoming less attractive: Canyon Partners' Josh FriedmanJosh Friedman, Canyon Partners co-founder and co-CEO, joins 'Money Movers' to discuss how much of the assets under management are in private credit, what the rate shift means for Canyon Partners, and much, much more.
Persons: Josh Friedman Josh Friedman Organizations: Partners, Canyon Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Canyon Partners' co-CEO Josh FriedmanJosh Friedman, Canyon Partners co-founder and co-CEO, joins 'Money Movers' to discuss how much of the assets under management are in private credit, what the rate shift means for Canyon Partners, and much, much more.
Persons: Josh Friedman Josh Friedman Organizations: Canyon Partners
Three U.S.-based academics won the 2024 Nobel economics prize on Monday for their research into why global inequality persists, especially in countries dogged by corruption and dictatorship. The laureates have demonstrated the importance of societal institutions for achieving this,” said Jakob Svensson, Chair of the Committee for the Prize in Economic Sciences. Last year, Harvard economic historian Claudia Goldin won the prize for her work highlighting the causes of wage and labour market inequality between men and women. In 2019, economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the award for work on fighting poverty. The economics prize has been dominated by U.S. academics since its inception, while U.S.-based researchers also tend to account for a large portion of winners in the scientific fields for which 2024 laureates were announced last week.
Persons: Simon Johnson, James Robinson, Daron Acemoglu, , Jakob Svensson, Alfred Nobel, Acemoglu, ” Acemoglu, Johnson, Robinson, Milton Friedman, John Nash —, Russell Crowe, Ben Bernanke, Claudia Goldin, Abhijit Banerjee, Esther Duflo, Michael Kremer, Victor Ambros, Gary Ruvkun, Japan’s Nihon Organizations: Royal Swedish Academy of Sciences, Economic Sciences, Bank, Sveriges, Massachusetts Institute of Technology, University of Chicago, Technology, Federal, Research, Harvard, U.S Locations: U.S, Hiroshima, Nagasaki
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. office property market may be nearing bottom, says Peachtree Group CEOGreg Friedman, Peachtree Group CEO, joins 'Fast Money' to talk the state of commercial real estate.
Persons: Greg Friedman Organizations: Peachtree, Peachtree Group
Leftover debris from Hurricane Helene could make incoming Hurricane Milton even more dangerous. Milton is expected to make landfall in Florida on Wednesday, the second major storm in two weeks. The region has been scrambling to pick up as much debris as possible before it's too late. AdvertisementLess than two weeks after Hurricane Helene devastated parts of Florida, another major storm is bearing down on the region — and there's a scramble to clean up before it gets there. That creates a compounding effect that makes everything more expensive — and more dangerous, Schlegelmilch said.
Persons: Hurricane Helene, Milton, , Helene, Milton —, Ron DeSantis, Nick Friedman, they've, Friedman, DeSantis, Marla Spence, Howell, — that's, it's, It's, Jeffrey Schlegelmilch, Schlegelmilch Organizations: Service, Tampa, National Oceanic, Administration, Tampa Bay Times, National Hurricane Center, state's Department of Transportation, Environmental Program Management, Milton, National Center for Disaster Preparedness, Columbia Climate School Locations: Hurricane, Florida, Tampa, Helene, Tampa Bay
Selena Gomez's makeup brand Rare Beauty has catapulted her to billionaire status, according to a recent Bloomberg estimate. Gomez, who's publicly discussed her own struggles with bipolar disorder, launched it as a way to promote mental health in the beauty industry. Rare Beauty brought in a reported $350 million in sales last year, according to Business of Fashion. A makeup brand promoting self-acceptance can seem asymmetric, which made Gomez think her products wouldn't sell, she told People in 2022. Since then, she's expressed her pride in Rare Beauty's growth and dedication to promoting mental health.
Persons: Selena, Ellen DeGeneres, Gomez, Barney, , Mandy Teefey, Gomez's, who's, Scott Friedman, Omar H, Fares, she's, we've, Get Organizations: Bloomberg, Disney Channel, Disney, Wizards, Globe, Company, Fund, of, CNBC Locations: Grand Prairie , Texas, California, Waverly
“My little boy has returned from 3 weeks inter-railing,” Allsopp wrote on X, referring to a popular European train pass called Interrail. There are additional requirements for French residents, and passengers under 16 are not allowed to travel unaccompanied by an adult on direct trains to or from the Netherlands. However, as the employee also noted, different member hostels may have their own rules about age requirements. The Netherlands-based Stayokay hostels, for example, require a minimum age of 16 years for travelers unaccompanied by an adult at their 21 locations. chekyfoto/iStock Editorial/Getty ImagesProponents of allowing eager young travelers to explore the world at ages that might raise a few eyebrows say the benefits can outweigh the risks.
Persons: CNN —, Kirstie Allsopp, ” Allsopp, Oscar, Allsopp, Lenore Shenazy, , Joe Maher, couldn’t, ” Carolyn Pearson, ” Pearson, Pearson, , there’s, ” Mark Smith, ” Smith, Hilton, Cole Robinson, , Robinson, ” Robinson, , Peter Austin, Jenny Rankin, Rankin, ” Rankin, Jonathan Alder, Jonathan’s, ” Alder, Alder, Carolyn Pearson, Michelle Couch, Friedman, Couch, “ I’ve, they’ve, it’s, ” Couch Organizations: CNN, CNN Travel, , Union, Eurostar, European Union, EU, Amtrak, Hostelling International, Resorts, South America, Filmit, , , Consumer Locations: Europe, Paris, Brussels, Amsterdam, Berlin, Barcelona, Madrid, US, Netherlands, Hyatt, Manchester, Eixample, South, California, Japan, – Japan
And then, with the US presidential elections now less than five weeks away, there is the prospect of a second Donald Trump presidency. AdvertisementMark Rutte earned the nickname "Trump whisperer" after placating the former president on US commitments to NATO. According to Prakash, Rutte is "coming into the role from a certain outlook, and that outlook is essentially saying: 'We need to stand with America.'" NATO's deputy secretary-general, Mircea Geoană, told Euronews in July that China, as a direct enabler of Russia's war in Ukraine, threatened the alliance's security. AdvertisementShifting NATO away from Russia and toward other threats is going to be "perhaps the greatest challenge facing Mark Rutte," Prakash said.
Persons: Mark Rutte, Jens Stoltenberg, , Abishur Prakash, Prakash, Stoltenberg, John Hardie, Donald Trump, Rutte, Hardie, Volodymyr Zelenskyy, Mitch McConnell, Chuck Schumer, Scott Applewhite, ATACMS, Josep Borrell, Joe Biden, Ramiz Dallah, Israel ramped, Israel, Benjamin Friedman, Keir Giles, Trump, Brandon Bell, Giles, Friedman, Kamala Harris, Harris, Chip Somodevilla, NATO's, Mircea Geoană, Euronews Organizations: Service, NATO, Inc, Russia, Foundation for Defense of Democracies, Trump, AP, Pentagon, Russian, Republicans, Hamas, Getty, Defense, Chatham House's, NATO's, Europe NATO, Ukraine Defense Contact, Assistance, Training, Kyiv, Dutch, NRC, America Locations: Ukraine, escalations, Russia, Netherlands, Gaza, Toronto, Denmark, Sweden, Czech Republic, Finland, Israel, Lebanon, Anadolu, Europe, Chatham House's Russia, Eurasia, Savannah , Georgia, South China, Philippines, China
Analysts across Wall Street saw rising competition and a declining take rate, or the percentage of revenue PayPal keeps from each transaction. Fast forward to today, and the picture is dramatically brighter for the 26-year-old Silicon Valley company and its 47-year-old CEO. Analysts are projecting roughly 6% revenue growth when PayPal reports third-quarter results in about a month, according to LSEG. Venture capitalist Oren Zeev has seen Chriss work with small businesses in another capacity. "He obviously brought a lot to the table with his vast experience with small businesses," Zeev said.
Persons: Alex Chriss, CNBC's David Faber, hadn't, Chriss, downgrades, Dan Dolev, Dolev, Susquehanna's James Friedman, he's, Friedman, Dan Schulman, Dana Stalder, He's, PayPal didn't, Isabel Cruz, Michelle Gill, Diego Scotti, Jamie Miller, Stalder, we've, Faber, Susquehanna's Friedman, That's, Will Ferrell, Ferrell, Fleetwood, hasn't, Sanjay Sakhrani, Sakhrani, SMBs, Oren Zeev, Zeev Organizations: PayPal Inc, PayPal, New York Stock Exchange, Mizuho Securities, CNBC, Apple Pay, Nasdaq, Meta, Matrix Partners, Intuit, Walmart, Verizon, Starbucks, Ticketmaster, Apple, Google, Shopify, Venture Locations: Wall, Braintree, EY, Venmo, U.S
In this article META Follow your favorite stocks CREATE FREE ACCOUNTA logo of US company's Meta is displayed during the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition center in Paris, on May 22, 2024. It also accuses the company of retaliation after it allegedly sidelined Napoli and took him off big projects when he raised concerns that the person had been rehired. Before the layoffs, G.F. and Napoli occasionally saw each other in meetings but were no more than "work acquaintances," Napoli said. But just four months later, the company hired G.F. back to a contractor position after he apparently slipped through the cracks in the hiring process, the lawsuit says. Napoli learned his accused stalker was back at Meta when G.F.'s name popped up on Workplace, the company's internal messaging system.
Persons: Porte, Julien De Rosa, James Napoli, Napoli, Mark Zuckerberg, Carrie Goldberg, Peter Romer, Friedman, Meta, it's, Meta didn't, G.F, Luigi, he'd Organizations: Porte de, Afp, Getty, Meta, New York Supreme, Meta's New, CNBC, Facebook, Napoli Locations: Paris, New York, New, Napoli, Meta's, Meta's New York City
CNN —First Rihanna’s bathrobe, now Gigi Hadid’s DHL tape dress — it seems that luxury fashion is looking right under our noses (or at least inside our houses) for inspiration. On Friday, Hadid walked in the Vetements show during Paris Fashion Week wrapped tightly in a roll of yellow and red DHL-branded packing tape. The adhesive tool was styled into a strapless mini dress, while two heeled pumps were wrapped in the same tape to match. The tape dress was paired with two heeled pumps similarly covered in the branded adhesive. In 2011, Iowa State University staged its first annual duct tape fashion show — covered by the New York Times — only permitting designs that were made entirely from the hardware store staple.
Persons: Gigi Hadid’s, Hadid, , Raf Simmons, Jeremy Scott, Kim Kardashian, Vanessa Friedman, Kardashian, Vittorio Zunino Celotto, Vesta Stoudt, Kitty, Lady Gaga Organizations: CNN, Gigi Hadid’s DHL, Paris, DHL, FedEx, New York Times, Iowa State University Locations: Paris —, American
"We just gutted our product and rebuilt it using generative AI." 'The rules of physics have changed'Even before its sabbatical, Klarity was well-versed in natural language processing and computer vision. Nadhamuni gave a talk on generative AI, its history, and the latest breakthroughs in the technology. If the new tech could do those five things, they would rebuild the core of Klarity's platform using generative AI. Nadhamuni also wrote a playbook on how to run a generative AI sabbatical that's available on Tola Capital's blog.
Persons: , Nat Friedman, Daniel Gross, Nischal Nadhamuni, Nadhamuni, Klarity, Friedman, Gross, Aaron Fleishman, Fleishman, OpenAI, Miro, Tola Organizations: Service, Business, MIT, Venture Partners, Tola, Picus, Invus, Engineers
Palantir alums Arjun Prakash and Derek Ho founded Distyl AI. AdvertisementDistyl AI, a startup applying generative AI to enterprise workflows, has raised a new Series A funding round of $20 million, Business Insider has learned. The new round values the startup at least $200 million, two sources familiar said. Founded in 2022, the company raised a $7 million seed round last April, reported VentureBeat. This story is available exclusively to Business Insider subscribers.
Persons: Palantir alums Arjun Prakash, Derek Ho, , Coatue, Nat Friedman, Brad Gerstner Organizations: OpenAI, Service, Dell Technologies Capital, Business
RH CEO Gary Friedman told CNBC's Jim Cramer on Friday why the upscale home furnishing retailer doesn't have any official social media accounts, saying paid promotions by online influencers aren't authentic. And, you know, having fake fans and people you pay talk about you on Instagram or TikTok or whatnot, it's not the truth." Friedman conceded that social media has exploded, and "the digital visualization and connectivity is real." However, he said that if consumers aren't interested in our showing enthusiasm for the brand, RH should do better work, not pay others to talk about the company. He claimed that RH still has a solid presence online, but not because of paid influencing or social media marketing on the company's part.
Persons: Gary Friedman, CNBC's Jim Cramer, Friedman, it's, RH, There's Locations: London, Paris, Milan, Madrid, U.S, North Carolina
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRH is the biggest importer of Italian sofas in America, says CEO Gary FriedmanRH Chairman and CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk quarterly results, global growth, the state of the housing market and more.
Persons: Gary Friedman, Jim Cramer Locations: Italian, America
RH CEO Gary Friedman sits down with Jim Cramer
  + stars: | 2024-09-20 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRH CEO Gary Friedman sits down with Jim CramerRH Chairman and CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk quarterly results, global growth, the state of the housing market and more.
Persons: Gary Friedman, Jim Cramer
The Marriner S. Eccles Federal Reserve building in Washington, DC, on June 25. Ting Shen/Bloomberg/Getty ImagesAfter all the hype that’s been brewing for over a year, you might think that once the Federal Reserve finally cuts interest rates the economy will look and feel completely different. Sure, the stock market could have some big swings the second the Fed releases its interest rate decision at 2 pm ET on Wednesday and when Fed Chair Jerome Powell speaks a half hour later. Mortgage rates and the interest rates Americans pay on a variety of loans will quickly drop as well. That’s because when the Fed lowers or raises rates, it takes a while for the full effect of those moves to be felt across the economy.
Persons: Ting Shen, there’s, Jerome Powell, Milton Friedman, Read Organizations: Eccles Federal Reserve, Bloomberg, Federal Reserve, Fed Locations: Washington ,
How rate cuts workCentral banks cut interest rates for two main reasons: financial conditions are expected to worsen drastically, or inflation has cooled so much that leaving interest rates at high levels will be overly restrictive and put a drag on the economy. The Fed lowers its target rate by buying more securities, namely Treasury notes and mortgage-backed securities. When they have more money to lend out, they don’t need to charge such high interest rates on mortgages and other types of loans they offer. Business' hiring decisions can be influenced by the Federal Reserve's interest rate decisions. When the Fed lowers or raises rates, it takes a while for the full effect of those moves to be felt across the economy.
Persons: you’ve, Jerome Powell, it’ll, Don’t, don’t, Banks, it’s, Thomas Drechsel, Lynne Sladky, , “ they’re, ” Said, Milton Friedman, ” Drechsel, , they’re, Drechsel Organizations: New, New York CNN, Federal Reserve, University of Maryland, Business, Netflix, CNN, Fed Locations: New York
Oracle — The stock rose nearly 2% after the database software company raised its fiscal 2026 revenue outlook . Uber — Shares of the ride-sharing company advanced more than 5% following news that it plans to expand its partnership with Alphabet's Waymo . Adobe — Shares tumbled 9% after the software company issued weaker-than-expected guidance for the current quarter. Unity Software — Shares of the game engine company added nearly 7%. Discovery — Shares advanced about 9% after the media conglomerate entered an early renewal agreement with Charter Communications.
Persons: Kevin Clark, RH —, Gary Friedman, Alphabet's Waymo, Uber, Stifel, Biden, David Zaslav, , Jesse Pound, Sean Conlon, Samantha Subin, Hakyung Kim Organizations: JPMorgan, Oracle, Aptiv, — Stock, Adobe, Boeing, Unity, Holdings, PDD Holdings, Redfin Corporation, Federal Reserve, U.S, Home, Warner Bros, , Charter Communications, Discovery Locations: U.S, Austin , Texas, Atlanta, China
Getting F-16s and long-awaited weaponsDelays in getting Western equipment have long been a source of frustration for Ukraine. Western allies lifted some restrictions in May, allowing Ukraine to strike Russian troops building up at its borders. AdvertisementTaking the war inside RussiaThe biggest change this year is that Ukraine altered the dynamics of the conflict by launching a surprise attack on Russia's Kursk region. In just two weeks, starting on August 6, Ukraine claims its forces took more territory in Kursk than Russia had since the beginning of 2024. Ukraine is "losing territory and may suffer a breakthrough," Benjamin Friedman, policy director at the Defense Priorities think tank, told BI.
Persons: , Abishur Prakash, Volodymyr Zelenskyy, Zelenskyy, Volodymyr Zelenskyi, Vitalii, Mark Temnycky, it's, Gabrielius Landsbergis, Ukraine wouldn't, Mark Cancian, year's, Putin, Joe Biden, Benjamin Friedman, Michael Kofman, Rob Lee, Prakash Organizations: Service, Russia, Republican, Business, Inc, Reuters, Army Tactical Missile Systems, Getty, Council's Eurasia, Times, Institute for, American Enterprise, Air Assault Brigade, REUTERS, US Marine Corps, Center for Strategic, International Studies, CNN, Defense, Carnegie Endowment, International Peace, Foreign Policy Research Institute, Foreign, Kyiv Locations: Ukraine, Russia, Russian, Kursk, Toronto, Kharkiv, London, Russia's Kursk, Malaya Loknya, Kursk Region, REUTERS Russia, Kyiv
Read previewWith the AI arms race underway and a host of industries investing in the technology, Lux Capital venture capitalist Josh Wolfe identified the areas he's particularly keen on. AI in biology"AI into biology is really interesting because most computer scientists underappreciate how hard biology is," he said. "Biology is really complex — it is not linear, it is not 'programmable biology' the way many people think." AI in roboticsWhile "robots" typically invoke images of futuristic humanoid tech like Elon Musk's Optimus, Wolfe said he thinks "humanoid robots are not going to be the way." Although Wolfe thinks humanoid robots will attract money for their intrigue, he said that robots mimicking human capabilities are "really inferior to what robots can do."
Persons: , Josh Wolfe, Logan Bartlett, Wolfe, Meta, Nat Friedman, Daniel Gross, ESM3, Elon, Optimus Organizations: Service, Lux Capital, Business, Meta, Amazon Web Services, AWS
Vice President Kamala Harris mentioned climate change just once in her speech before the Democratic National Convention on Thursday, wrapping it into her larger campaign theme of freedom. After attacking her Republican opponent, former President Donald J. Trump, on abortion, Ms. Harris declared that along with reproductive choice “many other fundamental freedoms are at stake” in the November election. Those include “the freedom to breathe clean air, and drink clean water and live free from the pollution that fuels the climate crisis,” she said. It was a novel way of framing climate change for a campaign that has sought to reclaim patriotism after decades of Republicans seeming to own the messaging around freedom. And it was a message echoed by others throughout the night, including Representative Maxwell Frost of Florida, the youngest member of Congress, who declared in a speech earlier in the evening that “fighting the climate crisis is patriotic.”
Persons: Kamala Harris, Donald J, Trump, Harris, , Maxwell Frost of Florida Organizations: Democratic National Convention, Republican
A federal court in Louisiana has dealt a serious blow to the Biden administration’s effort to protect communities heavily affected by toxic industrial pollution. Title VI of the 1964 Civil Rights Act allows the E.P.A. to investigate whether state programs that receive federal money are discriminating on the basis of race, color or national origin. But the judge’s ruling effectively means that the federal government is limited to taking action against specific agency decisions that are intentionally discriminatory. That means the state cannot be held liable for actions like allowing several chemical plants, refineries and other industrial operations in minority communities.
Persons: Biden Organizations: U.S, Western, Western District of, Environmental Protection Agency Locations: Louisiana, Western District, Western District of Louisiana
Kamala Harris, Outfitting a New Era
  + stars: | 2024-08-23 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
In the end, she did not wear a white suit. For the biggest, most consequential speech of her life, for the headline appearance in four days of high pageantry, Kamala Harris accepted her nomination as the Democratic candidate for president in navy blue. That’s a bigger symbolic statement than it may at first appear. Many women in the United Center in Chicago wore white. That’s what she offered in her speech — “a chance to chart a new way forward” — and that’s what her suit represented.
Persons: Kamala Harris, Ashley Biden, Stephanie Grisham, Donald Trump, Deb Haaland, Gretchen Whitmer, Harris, Hillary Clinton, — “ Organizations: Democratic, United Center, Women’s Caucus Locations: Chicago, Michigan
Read previewUkraine has dealt a massive blow to Russia's Black Sea Fleet in Crimea. Russia has retained control of Crimea since invading and annexing the peninsula in 2014 and secured Sevastopol as the headquarters for its Black Sea Fleet. Related stories"Without an amphibious naval force to land in Crimea, how can Ukraine project enough troops onto the peninsula to claim its control?" Ukraine has resorted to hitting Russia's air defenses in Crimea with missiles and long-range weapons, including US-supplied Army Tactical Missile Systems, known as ATACMS. "Even with F-16s, I don't think Ukraine has the ability to provide its ground forces effective close air support, given Russian air defense capability," he told BI.
Persons: , steeled, Mark Cancian, who's, Basil Germond, Ulf Mauder, Cancian, Mark Temnycky, Ukraine's, Mikhail Razvozhaev, Temnycky, Benjamin Friedman, VIKTOR KOROTAYEV, Sergej Sumlenny, Sumlenny, Operation Barbarossa, Friedman Organizations: Service, Business, US Marine, Center for Strategic, International Studies, Lancaster University, Getty, Council's Eurasia Center, Ukraine, Army Tactical Missile Systems, The Institute, Defense, Resilience Initiative, Soviet Union's Red Army, Russians, Red Army, Soviet Union —, Soviet Union Locations: Ukraine, Crimea, Russia, Sevastopol, Russian, Kerch, Feodosia, Novorossiysk, Kherson, Ukrainian, Pereko, Suvorikin, Soviet, Soviet Union, Operation, Soviet Ukraine, Pereko —
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