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Cashmere has raised $3.6 million in seed funding to automate client acquisition for wealth managers. The Los Angeles-based startup addresses the lack of tech solutions in the wealth management industry. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCashmere, a tech startup that's automating client acquisition for wealth managers, has raised $3.6 million in a seed funding round. This story is available exclusively to Business Insider subscribers.
Persons: Cashmere, Organizations: Canapi Ventures, Service, Business Locations: Los Angeles
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Persons: , airfare, you'll, there's, Chase, isn't, You'll, Read, Chase Travel ℠, Chase Sapphire, Uber, Cardholders, Jason Steele, Jason, Guy, he’s Organizations: Business, Bank of America, Bank of, The Bank of America, of America, Bank of America Travel Center, Rewards Bank of America, Merrill, Avis ®, Hertz, American Express, TSA, U.S . Bank of America, Citi, Wells, Bank, America, Diamond, . Bank of America, Global, Chase, Chase Travel, Chase Sapphire, American, Saks Fifth, Uber, Walmart, Delta Sky, Bank of America Preferred, Conference, Credit Card Media, Forbes, USA, Newsweek, Street Journal, CNN, University of Delaware, Colorado ExperienceExperienceEducations Locations: Bank, U.S, , Colorado
Hedge fund managers and private equity executives have become the go-to sources for donations for both parties. AdvertisementBut for the industry's biggest names who have become involved in politics, personal interests and values drive their giving. Advertisement'It's a people business'Mercer's global chief investment strategist, Rich Nuzum, advises institutional investors with more than $16 trillion to invest. "You're probably alienating some potential investors," he said, and that puts all investors at risk if it impacts a manager's business health. While LPs prefer their managers stay out of the headlines, Griffin has not been shy in recent years about picking fights.
Persons: , Ken Griffin, Donald Trump, Ron DeSantis, Griffin, Timothy Mellon, George Soros, Lone, Stephen Mandel, Jim Simons, Elliott's Paul Singer, Blackstone, Steve Schwarzman, Singer, Andrew, Rudy Koitchev, Rich Nuzum, Brian Payne, Payne, Chris Walvoord —, Nuzum, Soros, David Tepper, Mandel, Griffin waded, Zia Ahmed, Koitchev Organizations: Service, Republicans, Florida Gov, Business, SEI, BCA Research, Carolina Panthers, Appaloosa Management, Citadel, Citadel Securities, mater, Miami, city's Museum of Science, Industry, LCH Investments, Teachers Locations: Florida, Lone Pine, Washington, Harvard, Chicago, Afghanistan, Illinois
Avenue Capital CEO Marc Lasry on sports investing and valuations
  + stars: | 2024-09-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAvenue Capital CEO Marc Lasry on sports investing and valuationsAvenue Capital CEO Marc Lasry joins CNBC's ‘Halftime Report’ to discuss sports investing, the stock market, and the upcoming presidential debate.
Persons: Marc Lasry
Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Recent Bank Failures and the Federal Regulatory Response" on Capitol Hill in Washington, March 28, 2023. Introduced in July 2023, the regulatory overhaul known as the Basel Endgame would've boosted capital requirements for the world's largest banks by roughly 19%. The change comes after banks, business groups, lawmakers and others weighed in on the possible impact of the original proposal, Barr told an audience at the Brookings Institution. "There are benefits and costs to increasing capital requirements. That would likely boost capital requirements by 3% to 4% over time, Barr said.
Persons: Michael S, Barr, Michael Barr, could've, Jamie Dimon Organizations: Banking, Housing, Urban Affairs, Federal, Fed, Federal Deposit Insurance Corp, Brookings Institution, JPMorgan Chase Locations: Washington, Basel
Master chef and restaurateur Paul Liebrandt rates every fine dining scene from "The Bear" for realism. Liebrandt breaks down restaurant operations and management in the first season of "The Bear," starring Jeremy Allen White and Ayo Edibiri, as the head chef and sous chef of The Original Beef of Chicagoland. He looks at the realism of opening and running The Bear restaurant in season two, including the process of staging and training the kitchen staff of a fine-dining restaurant. He mentions the real-life renowned chefs featured in the third season, such as Daniel Boulud, Thomas Keller, and René Redzepi, while also connecting his personal experiences as a Michelin-starred chef and restaurateur. This story is available exclusively to Business Insider subscribers.
Persons: Paul Liebrandt, Jeremy Allen White, Ebon Moss, Bachrach, Matty Matheson, Daniel Boulud, Thomas Keller, René Redzepi Organizations: Business Locations: Chicagoland
Hayman Capital's Bass: I do not support unrestricted free trade
  + stars: | 2024-09-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHayman Capital's Bass: I do not support unrestricted free tradeFormer SEC Chair Jay Clayton and Kyle Bass, Hayman Capital Management founder and CIO, join 'Squawk Box' to discuss whether the presidential candidates support free trade, how much revenue can be made from tariffs, and much more.
Persons: Hayman Capital's Bass, Jay Clayton, Kyle Bass Organizations: SEC, Hayman Capital Management
More than 800 powerful venture capitalists organized to pledge support for Kamala Harris. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . By late August, more than 800 venture capitalists pledged to vote and solicit donations for Harris on a new website, VCsForKamala.org. According to one of the group's organizers, the original signatories represent a combined $150 billion in assets under management. The current signatories represent a combined $276 billion, according to the group's founders.
Persons: Kamala Harris, Harris, , Elon Musk, Marc Andreessen, David Sacks, Donald Trump Organizations: Service, Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS Global Wealth Management: S&P 500 at 5,900 by year-end is pretty realisticBrenda O'Connor Juanas of UBS Global Wealth Management says earnings growth and Fed rate cut will drive the market higher.
Persons: Brenda O'Connor Organizations: UBS Global Wealth Management
Read previewPresident Joe Biden came to power having pledged to make Saudi Arabia's maverick new ruler, Mohammed bin Salman, a global pariah. Analysts say that MBS has navigated increasing regional and global chaos to emphasize Saudi Arabia's importance to Washington. Related storiesUS President Joe Biden gives a fist bump to Saudi Crown Prince Mohammed bin Salman in 2022. AdvertisementSaudi Arabia's importanceBut global instability, economic change, and the war in Gaza have made clear to the White House Saudi Arabia's indispensability. Crown Prince Mohammed has condemned Israel's attack on Gaza but has not ruled out a normalization deal with Israel.
Persons: , Joe Biden, Mohammed bin Salman, Biden, Kamala Harris, Prince Mohammed, Crown Prince, Jamal Khashoggi, Giorgio Cafiero, Prince Mohammed bin Salman, Mohammed bin Salman's, Saad Hariri, Khashoggi, He's, Mohammed Hamoud, Trump, Abraham, Israel, Jon Alterman Organizations: Service, Business, Crown, Democratic, MBS, Saudi, Gulf, Analytics, Saudi Arabia's, Royal, Anadolu Agency, White, White House Saudi, Abraham Accords, Israel, Center for Strategic, International Studies Locations: Saudi, November's, Saudi Arabia, Yemen, Istanbul, Washington, Gaza, Israel, Iran, West, Riyadh, Lebanese, Russia, China, Beijing, Ukraine, UAE, Bahrain, Palestinian, United States, Red, Jeddah
CNN —The long-awaited official hire of former Chelsea manager Mauricio Pochettino as the new head coach of the US men’s national soccer team (USMNT) has finally come to fruition. Pochettino represents a significant get for the US and will bring a wealth of top-level coaching experience to the team. Pochettino has also notably been the head coach of Tottenham Hotspur and Paris Saint-Germain, where he led PSG to a Ligue 1 title. Pochettino joins the US after previous head coach Gregg Berhalter was fired following a disappointing Copa América exit in July. It is expected Pochettino would be on the touchline for the USMNT match versus Panama on October 12.
Persons: Mauricio Pochettino, Matt Crocker, “ Mauricio, Mauricio, ” Pochettino, Pochettino, Premier League’s, Germain, Gregg Berhalter Organizations: CNN, Chelsea, US, soccer, Soccer, New Zealand, TNT, US Soccer, Premier, Premier League’s Chelsea, Tottenham Hotspur, Paris Saint, PSG, Ligue, Copa América, Panama Locations: United States, Argentine
Here’s a look at what could happen to inflation, jobs and the deficit if Trump or Harris win in November. That, among other things, would keep the top tax rate individuals pay at 37% compared to 39.6% before it went into effect. Meanwhile, the tax proposals Harris has put forth so far mostly involve imposing higher taxes, which would have a positive impact on the deficit. For instance, she’s endorsed raising the top individual income tax rate to 44.6% and the top long-term capital gains tax rate to 28% versus the current 20%. Taken together, the Penn Wharton Budget model estimates Harris’ proposals could increase the deficit by an additional $1.2 trillion by 2034.
Persons: Kamala Harris, Donald Trump, Harris, Goldman Sachs, Trump, Warwick McKibbin, Goldman, she’s, , Justin Wolfers, Kevin Dietsch, He’s, Elon Musk, She’s, Joshua Gotbaum Organizations: New, New York CNN, Labor Department, Trump, Peterson Institute for International Economics, Gross, University of Michigan, CNN, Federal Reserve, Treasury Department, Wharton Budget, Social Security, Penn, Wharton Budget Model, Penn Wharton Budget, Brookings Institution Locations: New York, United States, Penn
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Investing Club portfolio has lots of exposure to the AI buildout through its investments in Eaton , Dover , Broadcom and Nvidia , among others. Club stock Wells Fargo was being painted with a broad brush, falling 2%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Wells Fargo, Wells, Jim, that's, Analysts, Goldman Sachs, Jim Cramer's, DOV, AVGO Organizations: CNBC, Oracle, Broadcom, Nvidia, Apple, Bank, JPMorgan, Club, Wells, Costco, Redburn, Johnson Locations: Eaton, Dover, Wells Fargo, NVDA
"But, longer term, a well-run snack food company is a great place to be." Mondelez stock jumped over the past few weeks, now up more than 4% since the beginning of September, according to FactSet. To Cramer, Wall Street has embraced recession-proof food companies like Mondelez as investors worry about an economic slowdown. Lower rates makes these stocks "go out of style in the Wall Street fashion show," he added. He also expressed concerns about the effect of GLP-1 weight loss drugs on snack food companies as a whole.
Persons: CNBC's Jim Cramer, Cramer, Wall, Dirk Van de, Mondelez, Van de Organizations: Federal Reserve, Mondelez, Cadbury, Ritz, Fed, Bloomberg Locations: Mondelez
All of our Super Six megacaps were higher, even Club stock Apple was pushing to stay in the green after getting mixed reviews on Monday's iPhone 16 event. That's an interesting line because you could argue that Starbucks needs to pullback its aggressive expansion plans in the world's second-largest economy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Daniel Pinto, Pinto, JPMorgan's, else's, Jamie Dimon, Wells, Morgan Stanley, ramping, Brian Niccol, Niccol, Buster's, Jim Cramer's, Jim Organizations: CNBC, ., Apple, JPMorgan, Barclays Global Financial Services Conference, Dow, Starbucks, The Club, GameStop, Dave, Jim Cramer's Charitable Locations: Banks, U.S, United States, China
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Cuban has warned that Trump's plan to impose sweeping tariffs on US imports would burden even tiny businesses with expensive, arduous compliance. Related storiesHe was critical of Trump's tariffs on China during his time in the White House and has slammed the Republican candidate's threat of more of the same. "Tariffs are the worst possible incentive for all but a few products," he said, adding that they "almost always" cost consumers more money. Tariff pain and small business woePaul Krugman has been vocally against plans for fresh tariffs if Trump wins in November.
Persons: , Cuban, Elon Musk's, Grok, Trump, He's, Kamala Harris, Paul Krugman, what's, Kevin O'Leary Organizations: Service, Business, Cuban, Trump, Republican, Dallas Mavericks, Yahoo, White, Democratic, Getty Locations: Cuban, China, Wisconsin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoom Supersonic CEO on commercial service, flying faster than the speed of sound and raising capitalCNBC’s Phil LeBeau with Boom Supersonic CEO Blake Scholl, joins 'Closing Bell' to discuss commercial service, test flights and raising capital.
Persons: Phil LeBeau, Blake Scholl Organizations: Boom
How Europe fell behindThe US and China have outpaced the EU on innovation. One of its biggest tech companies, Dutch semiconductor firm ASML, was founded 40 years ago. Europe's strategy to close the innovation gapMario Draghi thinks the EU should focus its attentions on AI. REUTERS/Yves HermanDespite its weaker position relative to the US and China, Draghi thinks the EU can devise a plan to close the innovation gap. Beyond AI, Draghi points to other measures to close the innovation gap, such as reforms to policies that he thinks hinder innovation, as well as addressing big funding issues.
Persons: , Mario Draghi, Draghi, European Central Bank —, Pedro Pardo, There's, Yves Herman, Musk, Mario Organizations: Service, Union, European Central Bank, Business, AFP, EU, Novo Nordisk, REUTERS, Tiger Global, Elon Musk Locations: Europe, China, EU, Silicon
CNN —A group of key House Republicans have written to President Joe Biden urging him to lift the restrictions on the use of US-provided long-range weapons systems and allow Kyiv to strike targets deep inside Russia. The UK is also considering whether to allow Ukraine to strike deeper inside Russia with its own long-range system, the Storm Shadow. “No change to policy,” one senior administration official said, adding that there is currently no openness to lifting restrictions. Last month, senior Ukrainians presented US officials with targets they would like to strike in Russia during a visit to Washington. But the Ukrainians say there are weapons productions facilities that would be within reach of the ATACMS inside Russia that are worthy military targets, a source familiar with the Ukrainians position told CNN.
Persons: Joe Biden, Volodymyr Zelensky, Antony Blinken’s, Biden, Blinken, David Lammy, Keir Starmer, , Michael McCaul, Michael Turner, Mike Rogers, Ken Calvert, Thomas Kean, Richard Hudson, “ Biden, Harris, Donald Trump, Defense Lloyd Austin, ” Austin, , ” Blinken, “ It’s, Zelensky, ” John Kirby, It’s, CNN’s MJ Lee Organizations: CNN, Republicans, British, UK, House Foreign, House Intelligence, House Armed Services, House, Helsinki, Republican, Defense, Ukraine Defense Contact Group, Ukraine “, Ukraine, Russian, US National Security Council Locations: Kyiv, Russia, Ukrainian, Ukraine, Washington, London, U.S, Germany, Russia’s Kursk, Iranian, Crimea
Understanding business loansWhat is a business loan? Types of business loans availableYou need to determine what you will use the money for before applying for a business loan, as there are various loan types. "Business loan options are abundant, and it can be very easy to obtain business financing," says Grayson. After the applicationWhat to expect after applyingLenders generally look at your time in business, credit scores (both your business credit score and personal credit score), cash flow, collateral, and the industry the business is in. Business loan FAQsWhat credit score is needed to get a business loan?
Persons: you've, Gina Taylor Cotter, You'll, Noah Grayson, Grayson, you'll, Matt Brewster, Brewster, Ryan Wangman, Read Organizations: GM, Global, Services, American Express, Small Business Administration, South End, Estate Bees, Nonprofit, Chevron, Finance, Northwestern University, Boston Globe
As the election ramps up, many investors are focused on capital gains taxes and how proposals from both parties could impact their assets. Democratic presidential nominee Vice President Kamala Harris last week proposed a 28% tax on long-term capital gains, or profits from the sale of assets owned for more than one year, for those making more than $1 million annually. Her plan would also raise the net investment income tax, or NIIT, from 3.8% to 5%, The Wall Street Journal reported last week. If Harris proposes raising the NIIT to 5%, the combined rate would be 33% for top earners. Biden's plan would raise the combined rate to 44.6%.
Persons: Kamala Harris, Donald Trump, Sen, Bernie Sanders, NBC's, Harris, filers Harris, Joe Biden's Organizations: Democratic, Sunday, Finance, IRS, Street Locations: Milwaukee , Wisconsin, U.S, Bedminster , New Jersey
Reuters —Ukraine struck the Moscow region on Tuesday in its biggest drone attack so far on the Russian capital, killing at least one woman, wrecking dozens of homes and forcing around 50 flights to be diverted from airports around Moscow. Russia, the world’s biggest nuclear power, said it destroyed at least 20 Ukrainian attack drones as they swarmed over the Moscow region, which has a population of more than 21 million, and 124 more over eight other regions. The drone attacks on Russia damaged at high-rise apartment buildings in the Ramenskoye district of the Moscow region, setting flats on fire, residents told Reuters. Tuesday’s attack follow drone attacks Ukraine launched in early September targeting chiefly Russia’s energy and power facilities. Authorities of the Tula region, which neighbors the Moscow region to its north, said drone wreckage fell onto a fuel and energy facility but the “technological process” of the facility was not affected.
Persons: Andrei Vorobyov, ” Alexander Li, ” Georgy, , , Vladimir Putin Organizations: Reuters, Residents, shockwave, Kremlin, NATO Locations: Ukraine, Moscow, Russia, Kyiv, Ramenskoye, Bryansk, Russia’s, Kursk, Russian, U.S, Tula
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarr's new capital requirements for banks is 'a bit more' than expected, says Wells Fargo's MayoMike Mayo, Wells Fargo Securities senior banking analyst, joins CNBC's to discuss why bank stocks are down on the news of the Fed's Barr recommending 9% increase in capital buffers for the largest banks, the resiliency of the banking system, and more.
Persons: Wells Fargo's, Wells Fargo's Mayo Mike Mayo, Barr Organizations: Wells Fargo Securities Locations: Wells Fargo's Mayo, Wells Fargo
Although there are no restrictions on how often you can file for bankruptcy, there are restrictions on how often you can receive a discharge. While Chapter 7 and Chapter 13 bankruptcies will have the same effect on your credit score, creditors may view a Chapter 13 bankruptcy more favorably. A Chapter 7 bankruptcy will stay on your credit report for 10 years, while a Chapter 13 bankruptcy will fall off after seven years. Frequently asked questions about how often you can file for bankruptcyCan I file a Chapter 13 bankruptcy after a Chapter 7 bankruptcy? Yes, you can file Chapter 13 after Chapter 7 bankruptcy, but you must wait at least four years after the discharge of your Chapter 7 to file Chapter 13.
Persons: Filers, you've, Adrienne Hines, Hines, Scott Glatstian, Rosenblum, Lamine Zarrad, , Jennifer, Read Organizations: refiling, Wright Co, Rosenblum Law, Federal Trade Commission, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: Kademenos, Chevron, America, TheGrio, New York City
We’ve put together a guide to some of the most frequently asked questions regarding China travel. China travel FAQsDo you need a visa to go to China? However, travelers visiting under these visa-free transit programs have more restrictions in terms of places they can visit. Exploring the country via China’s vast high-speed railway network is not an option for those entering under the two transit visa schemes. Beijing, China's capital city, accepts international travelers visiting under the 144-hour visa-free transit program.
Persons: it’s, , Denny Tian, Gabriela Correia, Correia, Tian, Greg Baker, Correira, ” Gabriela Correia, David Tucker, We’ve, John Seaton Callahan, China ’, Kevin Frayer, , ” Correira, you’ve, Didi, Uber, Yan Cong, China’s Organizations: CNN, Immigration Administration, China, Google, Getty, , Service, Shanghai Hongqiao, Hong Kong, Hong, Hong Kong Immigration, Travelers, Facebook, , Publishing, United, US, Baidu, Apple, China Railway, Bloomberg Locations: China, Beijing, Portugal, Shanghai, AFP, , Hunan, Singapore, Thailand, Austria, Australia, Belgium, France, Germany, Hungary, Ireland, Italy, Luxembourg, Malaysia, Netherlands, New Zealand, Poland, Spain, Switzerland, New York, Japan, South Korea, United Kingdom, United States, Hong Kong, Macau, Jiangsu, Zhejiang, Asia, Tibet, Tibet Autonomous Region, Hainan, China's, Hawaii, , Canada
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