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☆ Pro sports unions unite to discuss importance of mental health
▼ + stars: | 2023-05-01 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The NFL Players Association, National Basketball Players Association, National Hockey League Players' Association, MLB Players Association, MLS Players Association and Women's National Basketball Players Association will work together to raise awareness about the cause and invest resources to improve mental health for the pro athlete community. This is the first time the sports organizations have come together to promote mental health. The high stakes, busy lifestyles and pressures of professional sports have caused many athletes to reveal their own mental health struggles in recent years. As athletes from all levels have expressed their struggles, many of the leagues realized that mental health needs to be as much of a priority as physical health is. The sports leagues will also highlight inspirational stories from athletes and the various mental health efforts they are leading.

☆ DeSantis gave a 'low-wattage' and 'horrendous' speech in London as presidential polling slides: 'Nobody in the room was left thinking, 'this man's going places.''
▼ + stars: | 2023-05-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Governor Ron DeSantis finished off a four-stop international tour in London on Friday. One business person, who remained unnamed, told Politico that DeSantis's message wasn't "presidential" and said he stared at his feet in the face of UK industry titans. "There wasn't any stardust," the second anonymous attendee told Politico. Sources told the outlet in March that Trump's election team will be focusing on using DeSantis' "personality factor" in a political brawl between the two. When asked about his drop in the polls by The Wall Street Journal, DeSantis blamed it on the fact that he isn't a presidential candidate yet.

☆ Jim Cramer breaks down earnings results from Big Tech titans with new stock group: M.A.M.A.
▼ + stars: | 2023-05-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer breaks down earnings results from Big Tech titans with new stock group: M.A.M.A. 'Mad Money' host introduces 'M.A.M.A.' to group together earnings from Big Tech titans Microsoft, Alphabet, Meta, and Amazon.

☆ Mark Hogan, Whose Blunt Talk Rattled General Motors, Dies at 71
▼ + stars: | 2023-04-30 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Mark Hogan became one of GM’s leading experts on the lean manufacturing practices pioneered by Toyota. Photo: Daniel Lipptt/Bloomberg NewsWhen Mark Hogan was growing up in the 1960s, the heads of the big U.S. auto makers were revered titans of American business. Encouraged by his father, he set an audacious career goal: chairman of General Motors . In the 1980s, Mr. Hogan became one of GM’s leading experts on the lean manufacturing practices pioneered by Toyota and coveted by rivals. His blunt talk alarmed the United Auto Workers and stirred worries among other GM executives of renewed war between the company and the union.

☆ What John Blake discovered when he met the White mother he never knew
▼ + stars: | 2023-04-30 | by ( John Blake | ) edition.cnn.com time to read: +25 min

It’s a story about my mother, and the White relatives who shunned me at birth—and still somehow became family. I now know one of the reasons my family didn’t tell me about my mom’s illness is because they didn’t know how. I vividly recall thinking as I looked at my mom: I didn’t know a White person could suffer like this. I saw White, Black, and brown people hug and call each other “brother” and “sister” after worship service. John Blake is a Senior Writer at CNN and the author of “More Than I Imagined: What a Black Man Discovered About the White Mother He Never Knew.”

☆ How to know if your leadership style is more like Elon Musk or Steve Jobs — and what each of their strengths and weaknesses are
▼ + stars: | 2023-04-30 | by ( Christopher Myers | ) www.businessinsider.com time to read: +11 min

Isaiah Berlin, a prominent 20th-century philosopher and historian, popularized the foxes and hedgehogs metaphor in his 1953 essay "The Hedgehog and the Fox." By understanding this metaphor, modern business leaders can harness the strengths of both foxes and hedgehogs to navigate an increasingly complex and rapidly changing world. Leadership lessons from history: Xerxes and ThemistoclesExamining historical figures through the lens of the foxes and hedgehogs metaphor can provide valuable insights into the strengths and weaknesses of different leadership styles. Modern business titans: Steve Jobs and Elon MuskIn the world of technology and entrepreneurship, Steve Jobs and Elon Musk represent the quintessential hedgehog and fox, respectively. Isaiah Berlin's foxes and hedgehogs metaphor provides modern business leaders with a valuable framework for understanding and implementing effective leadership styles.

☆ Will Levis, widely expected to be picked in first round of 2023 NFL Draft, suffers awkward moments as he isn’t chosen
▼ + stars: | 2023-04-28 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

Those cutaways during the NFL Draft to hopefuls waiting for their names to be picked as other players are chosen ahead of them. Will Levis, the quarterback from Kentucky, was widely projected to be drafted in the first round, if not the top 10 selections. Levis waits in the Green Room with family at the 2023 NFL Draft. Levis waited, waited, waited and waited. But when the final pick was turned in and it Levis’ name wasn’t on that ticket, the waiting game was over.

☆ 'Citadel': Priyanka Chopra Jonas on what her latest show gets right about diversity
▼ + stars: | 2023-04-28 | by ( Sandy Thin | ) edition.cnn.com time to read: +3 min

CNN —Within the first scene of new Prime Video series “Citadel,” Priyanka Chopra Jonas and Richard Madden have a conversation that flits from English to Mandarin to German to Spanish and finally, back to English. But it is also a statement of intent from the series, indicating the radical ambition of the project the creative team is embarking upon. Chopra Jonas – the star of over 50 Bollywood films – told CNN, “What we’re trying to do has never been attempted – in TV, features, long-form, short-form, anything. Prime VideoGiven the international scope of the world Prime Video hopes to create, it’s no surprise they have turned to two titans of the Marvel Cinematic Universe to steer the ship. There are very few things that bind us together in this increasingly divisive world, and stories are one of them.”“Citadel” is available of Prime Video from April 28.

☆ Chile's lithium push emerges as test for Latin American resource nationalism
▼ + stars: | 2023-04-27 | by ( David Alire Garcia | ) www.reuters.com time to read: +6 min

[1/2] Laborers work at a lithium plant on the Atacama salt flat in the Atacama desert of northern Chile January 8, 2013. While the former student protest leader's proposal to give the government a majority stake in all future lithium projects faces an uncertain path in Congress, its mere introduction shook one of the mining industry's most lucrative corners. Lithium is in high demand for rechargeable batteries for future fleets of electric vehicles in the global transition to green energy. That leaves the exception to the trend, Argentina, as an increasingly likely Latin American destination for new private capital for lithium. A strong pipeline of lithium projects in Argentina, the world's No.

NFL Draft coverage will be provided by ESPN, ABC, and NFL Network on TV, and you can also live stream coverage on the free ad-supported NFL Channel. How to watch the NFL Draft in the USYou can watch the NFL Draft on multiple TV channels, including ABC, ESPN, and NFL Network. In addition, the NFL is also providing free streaming coverage of the NFL Draft through the NFL Channel on the NFL app. A VPN will let you watch the NFL Channel's free live stream of the NFL Draft no matter where you are, while also giving you a more secure internet connection. ET NFL Channel, ABC, ESPN, NFL Network2023 NFL Draft first-round orderWhile there are 32 NFL teams, only 31 picks will be made in the first round.

☆ Thinking of buying tech stocks? Here's how to manage risk, according to a fund manager
▼ + stars: | 2023-04-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Tech stocks were in bear territory for much of last year, but have been a bright spot so far in 2023 despite the uncertainty. Ben Rogoff, a portfolio manager at Polar Capital with 25 years of investing experience, has a strategy for mitigating risk when investing in growth stocks such as tech. A call option is a contract to buy a stock at a certain price at a set time in the future. The option value increases if the stock price rises above that set price. Other markets for tech Rogoff said although the U.S. is the dominant market for technology, he's also looking elsewhere.

☆ Anthony Richardson’s N.F.L. Draft Status Is Up in the Air
▼ + stars: | 2023-04-25 | by ( Emmanuel Morgan | ) www.nytimes.com time to read: +1 min

GAINESVILLE, Fla. — Anthony Richardson chuckled as the football puttered to the ground. He had launched a high-arcing pass near the end of the University of Florida’s pro day, a March workout in front of scouts from all 32 N.F.L. The heave may have missed its target, but it displayed Richardson’s powerful arm during the job audition. The display encapsulated the scouting report on Richardson, who is projected as a top-10 selection in the N.F.L. draft: jaw-dropping talent, erratically deployed.

☆ Bob Iger’s stalling may be stifling
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +2 min

The $180 billion company run by Bob Iger is kicking off its second round of layoffs, according to Reuters, part of an effort to cut $5.5 billion in costs. That’s a solid effort to keep activist Nelson Peltz, who had griped about Disney’s margins, at bay for now. The tricky part is ensuring assets don’t lose even more value before Iger heads out the door. Iger said he would leave the company and is meant to be setting up a successor. The balance act is ensuring Iger doesn’t degrade value, leaving a mess for his successor, whenever that person comes along.

☆ 3 ways the $800 billion AI explosion will boost Tesla's stock in the future
▼ + stars: | 2023-04-24 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +2 min

In a new note to clients, the firm looked at how the AI boom will impact the market's top tech titans. Detailed below are three ways Wedbush sees AI opportunities helping Tesla's stock in the future. Ives also has thoughts on how Musk's forays into AI can boost shares of his crown jewel: Tesla. He sees three ways its implementation can help drive stock gains in the future. "That could lead to further improvements of Tesla's supply chain by opening up limitless labor supply for production lines while improving its cost structure during a labor constrained environment," he wrote.

☆ A new book by a Pulitzer Prize winner unsuccessfully tries to take down the private equity industry and fixates on Leon Black. Here's what it gets wrong.
▼ + stars: | 2023-04-24 | by ( Jonathan A. Knee | ) www.businessinsider.com time to read: +7 min

The economic and political influence of the private equity sector has exploded in the last 20 years. It's true that few topics have attracted greater attention from not only crusading journalists but serious academics than the impact of private equity ownership. This supports their belief that private equity firms "carry very little risk if the company fails." This view of a "typical" private equity deal is simply untrue: Even back in 2005, the average loan-to-value percentage for new private equity deals was 68% — firms already contributed over 30% in equity to the deals not under 10% as claimed. 'Smart buyer, dumb seller'One of the important developments in private equity of the last decades has been the emergence of major private funds focused on technology investing.

☆ The 9 US cities with the most billionaires, from famous glitzy locales to newer hot spots for ultrarich residents
▼ + stars: | 2023-04-20 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

The US is home to 770 billionaires, according to London-based consulting firm Henley & Partners. Here, the 9 US cities with the most billionaires, from the San Francisco Bay Area to Austin, Texas. Some of America's richest residents, though, choose quieter cities for their home bases. And one of America's fastest-growing cities — Austin, Texas — has emerged as a relatively new billionaire hot spot, counting nine as residents. Check out the full list of the US cities where the most billionaires live.

☆ Deposit flight at U.S. regional banks blights interest income gains
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

The flight of deposits at Fifth Third Bancorp (FITB.O), Comerica (CMA.N), Truist Financial Corp (TFC.N) and KeyCorp (KEY.N) dampened gains that the lenders made in their interest income benefiting from the U.S. Federal Reserve's aggressive monetary policy tightening through the past year. Only, Huntington Bancshares Inc (HBAN.O), among banks reporting on Thursday, managed to grow average total deposits by $472 million from the prior quarter. In the aftermath, the KBW Regional Banking Index (.KRX) has tumbled 19.4% this year, through previous close. Clients are expected to continue the shift toward other assets that bring in higher returns unless the banks increase returns, analysts have said. Citizens Financial (CFG.N) on Wednesday cut its forecast for net interest income, expecting an increase in the rate it pays out for deposits to clients.

☆ BuzzFeed Shuts Down Its Namesake News Division
▼ + stars: | 2023-04-20 | by ( Benjamin Mullin | Katie Robertson | ) www.nytimes.com time to read: +1 min

BuzzFeed is shutting down its namesake news division, which won acclaim for its journalism but fell prey to the punishing economics of digital publishing that has laid low many of its peers. Jonah Peretti, BuzzFeed’s chief executive, said in an email to employees on Thursday that he was closing BuzzFeed News as part of a broader round of cuts at the company. About 60 people will be affected by the shuttering of the news division, some of whom will be offered jobs at other parts of the company. BuzzFeed’s decision is the latest in a series of financial setbacks faced by digital media companies. The media industry writ large has pivoted to focus on streaming, and digital advertising — a mainstay for digital publishing companies — is increasingly going to tech platforms such as Instagram and TikTok.

☆ The rise of AI will only make Big Tech more powerful, NYU researchers warn
▼ + stars: | 2023-04-19 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

That gives Big Tech companies an advantage. Last week, AI Now released a report detailing Big Tech's impact on AI development — finding that AI development has been "foundationally reliant" on resources controlled by Big Tech, including data and computing power. AI Now said Big Tech has also been positioned as a crucial part of the US-China race, giving them geopolitical importance. The report said much of the narrative around AI development has been shaped by Big Tech, from the idea that AI needs unrestricted innovation for social good to connecting AI development to societal progress. Myers West said better enforcement of antitrust laws and connecting competition with the concept of privacy could limit just how big Big Tech can get.

☆ Four out of the five US metro areas with the lowest unemployment are in Florida. Here’s why
▼ + stars: | 2023-04-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —Four out of the five US metropolitan areas with the lowest unemployment rates are in Florida, thanks to the state’s growing population, robust tourism activity and increased business investment. Jacksonville, Tampa and Orlando all had unemployment rates below 2.7% that month. Florida was also the fastest growing state as a percentage during that period, the first time it has notched that top spot since 1957. “Florida is pro-cyclical, so when unemployment is low, it’s going to be even lower in Florida and vice versa,” Pintea said. Some studies have argued that generous unemployment programs keep unemployment higher for longer by disincentivizing workers from searching for a new job.

☆ Banks Are Finally Facing Pressure to Pay Depositors More
▼ + stars: | 2023-04-14 | by ( Gina Heeb | ) www.wsj.com time to read: 1 min

Coming results from M&T Bank and other regional financial companies will shed light on overall economic health. Depositors fled to the perceived safety of the titans of finance following a pair of bank failures last month. A raft of earnings this week will show just how costly the run was for everyone else. Small and midsize U.S. banks lost hundreds of billions of dollars in recent weeks to their bigger peers and to money-market funds offering higher yields. That is likely to force many of them to increase the interest rates they are paying to avoid losing more customers.

☆ Goldman recommends buying call options in these two tech titans before their earnings reports
▼ + stars: | 2023-04-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs recommends clients buy call options on Apple and Microsoft ahead of each company's earnings reports in two weeks. For Apple, Goldman thinks the mobile app spending portion of the company will beat Wall Street expectations and service revenue will become the main force behind earnings growth. "While app spending growth has slowed, as we lap recent benefits from consumer stimulus and engagement benefits due to the pandemic he expects app spending to resume mid-teens growth in F2024." AAPL YTD mountain Apple could beat expectations in mobile app spending and boost shares as investors look toward earnings, according to Goldman Sachs. "AI-related 12 April 2023 3 Goldman Sachs Weekly Options Watch workloads can also provide a boost to Azure over time.

☆ Only the big will crack the $1 trln LBO code
▼ + stars: | 2023-04-12 | by ( Jonathan Guilford | ) www.reuters.com time to read: +9 min

Lenders will only tiptoe back, meaning deals need the big checks and extra elbow grease in credit markets that favor the largest private equity firms. Private equity firms depend on borrowed money to reduce how much of their own they use in any single deal and to magnify returns as a percentage of their initial investment. Imagine a private equity firm acquires a company for $1 billion, then flips it five years later for $1.5 billion. Though the private equity industry is awash in so-called dry powder, fundraising is increasingly tilting to the largest fund managers. Buyout firms are apt to keep their plans more conservative to garner higher ratings – meaning, again, less leverage and more upfront cash.

☆ Warren Buffett's Berkshire Hathaway has boosted its bets on 5 Japanese titans - plus it wants to raise its stakes more and join forces on big deals
▼ + stars: | 2023-04-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett has boosted his Japan bets and wants to buy more shares and partner on big deals. Berkshire Hathaway owns about 7.4% of Japan's five largest trading houses, Buffett told Nikkei. Berkshire originally spent about $6 billion to establish 5% stakes in each of the companies. The famed investor's conglomerate now owns about 7.4% of Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo, Buffett told the newspaper. "We're very proud of that," Buffett told Nikkei about the investments.

☆ Inside the 5-hour psychological interview that can make or break your career at Citadel, Blackstone, and other finance titans
▼ + stars: | 2023-04-10 | by ( Emmalyse Brownstein | Alex Morrell | ) www.businessinsider.com time to read: +16 min

ghSmartThe company's unusual but rigorous approach to screening job candidates has won it the trust of some of the finance industry's most competitive and coveted workplaces, as well as other blue-chip corporations. "That became the kernel for ghSmart," Smart recounted in a podcast interview. That means the ghSmart interview isn't something you can necessarily prepare for in the same way you might, for example, read up on certain stocks or industry trends. The company's team of psychologists spends hours drilling into each candidate's job and life experiences. Unlike some executive-search firms, ghSmart disconnects its fee from whether it fills the role.

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