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☆ The Sports Illustrated Cover, a Faded Canvas That Once Defined Sports
▼ + stars: | 2024-01-24 | by ( Kevin Draper | Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Or it could have been the declaration that a 17-year-old LeBron James was “The Chosen One,” 20 months before he played in his first N.B.A. For sports fans of a certain age, the memory of running to the mailbox to see what was on the cover of the latest weekly issue of Sports Illustrated is indelible. “You would get that cover and you’d be like: ‘Man, this is what happened last week. But the road has been particularly rough for Sports Illustrated, with its shrinking staff and reduced print frequency. Last week, most of the employees were either laid off or told their employment would be uncertain after 90 days, leaving the publication’s future in flux.

Persons: Dwight Clark, LeBron James, “, ”, Nate Gordon Organizations: United States Olympic, San Francisco 49ers, Sports, Sports Illustrated, Players ’ Tribune Locations: “

☆ Nvidia's Jensen Huang sheds his biker chic look to dance in a red floral vest during a visit to China
▼ + stars: | 2024-01-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewAs the cofounder and CEO of Nvidia, Jensen Huang is known for building the company into the world's leading AI chipmaker. AdvertisementNvidia CEO Jensen Huang visited the company's offices in Shanghai, Beijing, and Shenzhen last week, taking part in year-end festivities. He engaged in the traditional twist Yangge, a popular rural folk dance in northeast China, wearing a traditional flower-patterned vest. Huang's trip to China came amid intensifying rivalry between Washington and Beijing over a range of issues, including tech and geopolitics. The restrictions thrust Nvidia into a difficult position since China has typically accounted for about one-fifth of the company's revenue.

Persons: —, Jensen Huang, He's, Huang, SCMP, Nvidia’s, …, Biden Organizations: Service, Nvidia, Business, Business Insider, Bloomberg, China Morning Locations: China, Shanghai, Beijing, Shenzhen, Washington

☆ I quit my 9-to-5 to start an Etsy store that made $510,000 in 2 1/2 years. It meant I could homeschool my daughter while working an hour a day.
▼ + stars: | 2024-01-24 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

I didn't do enough research for my Etsy store at firstI started my store in July 2021 and connected it to Printify, a print-on-demand site. Working on my Etsy store meant I could homeschool them in 2021 for a year. Since I started my Etsy store in July 2021, I've made $510,500 in sales. AdvertisementI started my own Shopify storeIt's always a good idea to diversify if Etsy changes its algorithm, affecting your store. After that, I decided to focus more on the Shopify store I'd set up the previous summer.

Persons: —, Gina Van De Voorde, Yee, I've Organizations: Service, Business Locations: Fort Collins , Colorado, dropshipping

☆ J.K. Bruce Vanderpuije: The hidden icon of African photography
▼ + stars: | 2024-01-23 | by ( Zoe Whitfield | ) edition.cnn.com time to read: +6 min

Later, he trained with J.A.C Holm (another Ghana-based photographer) for three years before establishing his own studio aged just 23. This subject of this image of Miss Ghana taken in 1958 was identified by her grown-up children. J. K. Bruce Vanderpuije/Courtesy Deo Gratias Studio/Efie Gallery“Once, a photographer from South Africa visited and said, ‘You guys are sitting on a goldmine,’” she explained. With a shift in new technologies and the way we interact with photography evolving, however, Tamakloe acknowledged that most people now look elsewhere for their mementos. “People do come and have passport pictures taken, but it’s not as busy as it used to be,” she said.

Persons: J.K, Bruce, Vanderpuije, ” Kate Tamakloe, “, ”, Kwame Nkrumah, Bruce Vanderpuije, Tamakloe, rectifying, Aïda Muluneh, ” Muluneh, James Kobla, J.A.C Holm, — Isaac Hudson Bruce, ‘, ’ ”, “ I’m, Seth Anthony, Kojo Ababio, Deo Gratias, we’re, it’s Organizations: CNN, Albert Museum, Efie, Accra Royal School, Miss, Miss Ghana Locations: London, Ghanaian, Victoria, Ghana, Britain, Accra's Jamestown, Jamestown, Accra, —, Dubai, Africa, British, Miss Ghana, South Africa, Ethiopia, West Africa

☆ Interior designers share 12 home trends that'll be popular this year
▼ + stars: | 2024-01-22 | by ( Alyssa Towns Swantkoski | ) www.businessinsider.com time to read: +7 min

Business Insider spoke to interior designers about what home-decor trends will be popular in 2024. AdvertisementBusiness Insider spoke to interior designers about the big home-decor trends that will be popular this year. The design style will keep being popular in 2024, said Luis Carmona, owner of VERDE Interior Design . Victoriia Kovalchuk/Getty ImagesFLOOR360 interior designer Autumn Stankovsky said more people will lean into marble for an impactful home-decor statement this year. Others will turn to jewel-tone accents for a nice touchSusan Hayward, interior designer at Susan Hayward Interiors , expects jewel tones to continue to be popular, especially as accent colors.

Persons: —, imaginima, Kate Spiro, Spiro, Luis Carmona, Carmona, John Keeble, Megan Hersch, Tara McCauley, moiré, McCauley, Valerie Stafford, Stafford, Jennifer Verruto, It's, Verruto, Lauren Czarniecki, Czarniecki, Bree Steele, Steele, Victoriia Kovalchuk, Autumn Stankovsky, Susan Hayward Organizations: Service, luxe, Getty, Rumor Designs, Blythe Interiors, RJ Living, Susan Hayward Interiors Locations: VERDE Interior, Manhattan

☆ The Fed's big miss on inflation has doomed the US to recession this year, top economist says
▼ + stars: | 2024-01-22 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Monetary policy now is as tight as it has ever been on the precipice of a recession," he said, barring an exception in 1984. The problem is that the Fed badly misread how long high inflation would linger, prompting it to raise rates much more aggressively than needed. In December, the core inflation print notched an annual 3.2% increase. "In 2019 when they missed by a mere 30 basis points it was enough to get a 75-basis-point mid-cycle adjustment."

Persons: —, Brevan Howard, Sully, Jason Cummins, Bloomberg's, Cummins, They've Organizations: Service, Business, Fed

☆ ‘Who Owns This Sentence?’ Increasingly, Who Knows?
▼ + stars: | 2024-01-21 | by ( Alexandra Jacobs | ) www.nytimes.com time to read: +1 min

WHO OWNS THIS SENTENCE? A History of Copyrights and Wrongs, by David Bellos and Alexandre MontaguDavid Bellos and Alexandre Montagu’s surprisingly sprightly history “Who Owns This Sentence?” arrives with uncanny timing. How quaint Harold Bloom’s “anxiety of influence” theory of the Romantic poets now seems, amid the current cut-and-paste panic. Like a corrupt police officer, artificial intelligence is scanning for more plagiarism perps, while itself stealing writers’ words. Bellos, a translator and biographer, and Montagu, a lawyer, step confidently behind the yellow tape to guide us around.

Persons: David Bellos, Alexandre Montagu David Bellos, Alexandre Montagu’s, ”, Eve hangovers, Smokey Bear, Harold Bloom’s “, …, Montagu Organizations: WHO, “

☆ Jay Z's luxury watch collection is worth millions and includes one of the most complicated timepieces ever made
▼ + stars: | 2024-01-21 | by ( Julie Gerstein | ) www.businessinsider.com time to read: +9 min

Richard Mille RM011 Felipe Massa Chronograph Rose GoldJay Z expanded his collection of Richard Mille watches with this RM011 Felipe Massa Chronograph in rose gold. The rapper's Audemars Piguet Royal Oak 26585CE has an openwork sapphire dial and rose gold dial markers. Patek Philippe Nautilus 5711 in Tiffany BlueThe Patek Philippe 5711 was released in limited quantities in early 2021. The watch is based on the AP Royal Oak design that debuted in 1972 from watch designer Gérald Genta. Patek Philippe 2499Patek Philippe produced this watch from 1950 to 1985 in extremely limited quantities — only 349 were made.

Persons: —, Jay Z, Shawn Carter, Audemars Piguet, Hublot, Otis, Beyoncé, de Genève, Jay Z's Shawn Carter Hublot, Shawn Carter Hublot, Richard Mille, Richard Mille Jay Z's, freestyled, Rich Schultz, Richard Mille RM011 Felipe Massa Chronograph Rose, Felipe Massa Chronograph, Felipe Massa, Mille, Richard Mille RM027 Rafael Nadal Richard Mille, Matthew Stockman, Richard Mille RM027 Rafael Nadal, Rafael Nadal, Novak Djokovic, Nadal, Richard Mille Rafael Nadal, Roger Kisby, Audemars that's, 26585CE, Philippe, Phillip, Tiffany, Tiffanys Jay Z, Patek Philippe collab, Tiffany Blue, Audemars, Yves Klein, Klein, Gérald, Paul Newman Dial, Paul Newman, Newman, Jay, Z, Patek Philippe, Phillip Patek Jay Z, DJ Khaled, Patek, Patek Philippe Grandmaster, Getty, Jay Z's Patek Philippe, Tony Kavak, Kavak Organizations: Service, Business, GQ, Getty, Radio City Music Hall, Philippe Nautilus, AP, IFL Locations: Swiss, Brooklyn, Mille, Paris, French, Christie's, Geneva

☆ The 4 most important things we're watching in the stock market this coming week
▼ + stars: | 2024-01-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Morgan Stanley, we'll, Procter & Gamble, we've, We're, we're, We'll, Forex, Brown, BRO, Zions, CrossFirst, Johnson, Lockheed Martin, Horton, ERIC, Baker Hughes, Abbott, ABT, Clark, BOK, Monro, Simmons, United Community Banks, Lam, Ethan Allen Interiors, Raymond James Financial, Sherwin, Williams, Northrop, Murphy, Arthur J, Levi Strauss, LEVI, Booz Allen, Jim Cramer's, Jim Cramer, Jim, John Gress Organizations: Nasdaq, Microsoft, Nvidia, Tesla, Apple, Bank of America, Reserve, Procter, Gross, Citigroup, of Hawaii, United Airlines, Logitech International S.A, AGNC Investment, Agilysys Inc, Great Southern Bancorp, Enterprise Financial Services, Independent Bank, Home Bancorp, RBB Bancorp, TrustCo Bank Corp, Gamble Co, Verizon Communications, 3M Company, General Electric Co, GE, RTX Corporation, Halliburton Company, HAL, Lockheed, Ericsson, Bank, GATX Corporation, MakeMyTrip, National Bancorp, Synchrony, Webster, Atlantic Union Bankshares Corporation, Invesco PLC, Peoples Bancorp Inc, Sandy Spring Bancorp, Netflix, Texas Instruments Incorporated, Steel Dynamics, Canadian National Railway Company, NBT Bancorp, East West Bancorp, Covenant Logistics Group, Inc, Hanmi, National Bank Holdings Corporation, Premier Financial, QCR Holdings, Renasant Corporation, Triumph, Veritex Holdings, ASML, SAP, Textron, Oriental Education, Technology Group, First BanCorp, General Dynamics, OFG Bancorp, Prosperity, TE Connectivity, United Community, Blue Foundry Bancorp, Capitol Federal, HBT, Teledyne Technologies, Business Machines, IBM, Las Vegas Sands Corp, Lam Research, United Rentals, Berkley Corp, Crown, International, Packaging Corporation of America, Seagate Technology plc, CACI, Swift Transportation Holdings, Ameriprise Financial, Concentrix Corporation, First Bank, Liberty Energy, Pathward Financial, Columbia Banking, CSX, American Airlines Group, NextEra Energy Inc, Alaska Air Group, Dow Chemical Co, Valero Energy, Southwest Airlines Co, Nextera Energy, Williams Co, Union Pacific, Applied Industrial Technologies, Mobileye, Northrop Grumman, Comcast, Nokia, TAL Education, McCormick & Company, Intel, Visa Inc, Gallagher, Co, KLA Corporation, Western Alliance, Mobile, L3Harris Technologies, Western, Olin Corporation, American Express Co, Booz, Booz Allen Hamilton Holding, Colgate, Palmolive Co, Norfolk Southern Corporation, Jim Cramer's Charitable, CNBC, Gamble's Locations: Procter &, U.S, China, ZION, Freeport, Kimberly, Las, W.R, Chicago

☆ Don't worry — the machines won't be as smart as humans for a long time, because they've still got a lot to learn
▼ + stars: | 2024-01-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Much of today's most popular AI models, such as OpenAI's GPT-4, are trained on what's publicly available on the internet. It's worth noting that AI models exist today that are pretty effective at generating images, but these are text-to-image models, like Midjourney and Stable Diffusion. Koller also sees issues with today's LLMs. This isn't the first time doubts have been raised about the capacity of today's AI models. Steve Jennings/Getty Images for TechCrunchThis is not to say today's LLMs are useless.

Persons: —, OpenAI's ChatGPT, Bill Gates, Daphne Koller, MacArthur, Koller, Neilson Barnard, chatbots, Yann LeCun, –, today's LLMs, LLMs, that's, Kai, Fu Lee, Steve Jennings Organizations: Economic, Service, Big Tech titans, Google, Microsoft, Getty, Meta Locations: Davos, Switzerland, today's, silico

In an email to employees Friday morning, the Arena Group, which operates Sports Illustrated and related properties, said that Authentic Brands Group has revoked its marketing license. “As a result of this license revocation, we will be laying off staff that work on the SI brand,” the email said. Sports Illustrated's employee union said in a statement that the layoffs would be a significant number and possibly all, of the NewsGuild workers represented. Less than a year later, Meredith sold the magazine's intellectual property to Authentic Brands Group for $110 million. Once a weekly publication, SI was reduced to biweekly publishing in 2018 and became a monthly in 2020.

Persons: Mitch Goldich, Ross Levinsohn, Meredith, ABG, Marilyn Monroe, Elvis Presley, Muhammad Ali, ___ Organizations: Sports, Arena Group, Authentic, Authentic Brands, SI, Group, Meredith Publishing, Time Inc, Reebok Locations: ABG

The move came after the Arena Group, which publishes the magazine under a complicated management structure, had its license to operate the publication revoked. It was unclear whether Sports Illustrated would continue publishing, or whether its owner, Authentic Brands Group, would strike a new agreement with the Arena Group or find a new company to operate it. For decades, Sports Illustrated was a weekly bible for sports fans and a financial engine for the Time Inc. empire. Like many publications, the magazine had struggled to shift to the digital media world from print publishing. In 2019, the media conglomerate Meredith sold Sports Illustrated to Authentic Brands Group, which is primarily a licensing company that acquires the rights to celebrity brands, for $110 million.

Persons: Meredith Organizations: Arena Group, Authentic Brands, Sports, Time Inc

☆ The Himalayan mountains are growing — but Tibet could be splitting apart in the process
▼ + stars: | 2024-01-18 | by ( Kelsey Vlamis | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

As the Indian and Eurasian tectonic plates slowly collide, the Himalayan mountains continue to rise. However a new study suggests the Indian plate may be peeling apart, causing a slab tear. AdvertisementAn eons-long collision that created the Himalayas, the world's tallest mountain range, may also be splitting Tibet apart into two pieces, new research suggests. The edge of the Eurasian plate crumpled upward as India pressed into it, thrusting the Himalayas into existence. But scientists haven't been sure where exactly the Indian plate was going.

Persons: —, Gongga, haven't, Stringer, van Hinsbergen, Utrecht University geodynamicist, Simon Klemperer, it's Organizations: Service, China News Service, Reuters, American Geophysical Union, Utrecht University, Stanford University, Science Locations: Tibet, India, Lhasa, Tibet Autonomous Region, China, Utrecht

☆ Generative AI startup Recraft just raised $12 million from Khosla Ventures and Nat Friedman with this 22-slide pitch deck
▼ + stars: | 2024-01-18 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Read previewRecraft, a startup that aims to vastly improve the quality of AI-generated images, has raised $12 million in fresh funds. "We are building some unique things using technology that no one else has," Anna Veronika Dorogush, Recraft's CEO and founder told Business Insider. Recraft has brought in $12 million from Khosla Ventures and former GitHub CEO, Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil, and other angel investors. The startup originally wanted to raise $10 million but increased the round size due to being heavily oversubscribed, Dorogush said. AdvertisementThe company hasn't spent money on marketing, relying on word-of-mouth referrals to accrue more than 350,000 users, Dorogush added.

Persons: —, Anna Veronika Dorogush, Recraft, Nat Friedman, Elad Gil, Dorogush, hasn't Organizations: Service, Business, Khosla Ventures, RTP Global Locations: London, New York

☆ Venice entry fee: How to pay and what to do if you're staying in the city?
▼ + stars: | 2024-01-16 | by ( Julia Buckley | ) edition.cnn.com time to read: +10 min

So how do you register to pay the fee if you’re just coming for the day? And how do you register an exemption if you’re staying overnight? Click on pay the fee – you’ll then be taken to a landing page run by Venezia Unica, the city’s official tourism site. If you’re a tourist, you’ll likely be applying because you’re staying overnight. You enter your details and select the place you're staying.

Persons: we’ll, Stanley Tucci, CNN —, It’s, they’ll, you’re, you’ll, Venezia Unica, You’ll, you’ve, ”, Piazzale Roma, Comune, ” It’ll, “, you'll, Riva degli Schiavoni Organizations: CNN, intel, Piazzale Roma, Venezia, Comune, Venezia Santa Lucia, •, “, Venice, UNESCO Locations: Venice, Murano, City, Venezia Santa, Mestre

A local buyer taking over a struggling newspaper in the 21st century is normally cause for some celebration. “Have no fear of me,” Smith told the Sun newsroom on Tuesday, according to someone who was there and relayed the statement on condition of anonymity because it was a private meeting. Smith told the newspaper he had one partner: Armstrong Williams, a commentator who hosts a show on Sinclair’s affiliates. In 2018, Smith told New York magazine that he dislikes and fundamentally distrusts print media. Skene reported from Baltimore.

Persons: David D, Smith, “, ” Smith, Donald Trump, Smith’s, Julian Sinclair Smith, Sinclair, Armstrong Williams, Brandon Scott, ”, Jim Shea, Kathy Szliga, Rupert Murdoch, Marty Kaiser, Alden Capital, Tim Franklin, Stewart Bainum Jr, —, Medill’s Franklin, ” Franklin, Olivia Nuzzi, David Simon, television’s, ” Simon, Abell, ___ Bauder, Skene Organizations: Sinclair, Baltimore Sun Media, Alden Global Capital, The, Associated Press, Sun, Sinclair Broadcasting Inc, Chesapeake Television Corp, Fox, Democratic, Project Veritas, Republican, Capital News Service, University of Maryland, Tribune Publishing, Philadelphia Inquirer, Boston Globe, Seattle Times, Medill Local, Initiative, Northwestern University, Baltimore, New York Locations: Baltimore, Maryland, “, New York

☆ Inflation is still a mixed bag, but markets don't care. They see big Fed rate cuts ahead
▼ + stars: | 2024-01-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

December's inflation data provided just enough evidence to show that the pace of price increases is continuing to cool while also serving up a reminder that the war isn't won yet. One is that regardless of the headline numbers, the parts of inflation that don't fluctuate as much have been fairly stubborn. So-called sticky inflation, which includes things such as housing costs, auto insurance, medical care services and household furnishings, are indeed holding higher. On a one-month annualized basis, the measure also was at 4.6%, but that's up a full percentage point from the previous month. Fed policymakers also are attuned to the relationship between wages and inflation.

Persons: isn't, Disinflation, Jamie Dimon, cautioning, Krishna Guha, Goldman Sachs, Goldman, Ian Shepherdson, Dan North Organizations: Separate Labor Department, Federal Reserve, Nomura Global Economics, JPMorgan Chase, Evercore ISI, PPI, Citigroup, Commerce, Fed, Pantheon, Atlanta, Allianz Trade Locations: Red

☆ Stock futures are lower to start shortened trading week: Live updates
▼ + stars: | 2024-01-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 11, 2024 in New York City. Stock futures are lower Monday night as Wall Street awaits further data and bank earnings that will provide a better glimpse into the state of the American consumer. S&P 500 futures dipped more than 0.1%, while Nasdaq 100 futures shed 0.2%. Another batch of bank earnings will be out during this holiday-shortened week, providing further clues about consumer health and data on credit card payments and delinquencies. Charles Schwab and M&T Bank , as well as several regional banks, are also slated to release their earnings this week.

Persons: FactSet, Goldman Sachs, Morgan Stanley, Charles Schwab, Wells Fargo — Organizations: New York Stock Exchange, Stock, Futures, Dow Jones Industrial, Nasdaq, PNC Financial Services, T Bank, JPMorgan, Citigroup, Dow Locations: New York City, Friday's

NEW YORK (AP) — Television's finest brought the silver carpet alive in color, vying with a sea of black, on Monday at the strike-delayed 75th Emmy Awards, including a 3D-molded black look for Ayo Edebiri and sparkly chartreuse for Rhea Seehorn. Edebiri of “The Bear” walked in a strapless custom gown from Louis Vuitton. Quinta Brunson, another fashion standout, wore dainty pink with a little belted accent from Dior couture. Ali Wong wore Louis Vuitton with a silver top and floral patterned blue bottom. Colman Domingo wore custom Louis Vuitton in black, two pearl bracelets on one wrist and a broach on one lapel.

Persons: —, Ayo, chartreuse, Rhea Seehorn, ”, Louis Vuitton, “ We're, Riley Keough, Saul ”, sequins, Naeem Khan, she's, Dominique Fishback, Joy Sunday, Tom Colicchio, Fernández, Janelle James of “ Abbott, It's, ” James, Fred Leighton, Sarah Snook, Vivienne Westwood, Suki Waterhouse, Issa Rae’s, Pamella Roland, “, Hannah Waddingham, Quinta Brunson, Betty Boop, Ali Wong, Colman Domingo, Jenny Ortega, Dior, Selena Gomez, Oscar de la, Jean Schlumberger, Tiffany “, Jennifer Coolidge, Anthony Organizations: Associated Press Locations: Etro

Earlier in a statement from the Ukrainian presidency, Yermak said a simple cease-fire wouldn't end Russia's "aggression” on Ukraine: “It’s definitely not the path to peace. “Peace is something that Ukraine needs,” he said during a break in the talks Sunday. He said that the purpose of the talks was to get ready for the moment when Russia might join a peace discussion. He said that neither Ukraine nor Russia was ready to make territorial concessions. “The war is far from over and peace is still nowhere in sight," the Swiss department of foreign affairs said in a statement previewing Sunday's talks.

Persons: Volodymyr Zelenskyy's, Andriy Yermak, Zelenskyy, Yermak, —, “, ”, “ It’s, Ignazio Cassis, Moscow isn't, Cassis, hasn't, that's, ” Cassis Organizations: —, Kyiv, Swiss Locations: DAVOS, Switzerland, Russia, Swiss, Davos, Ukrainian, Europe, Asia, Africa, Ukraine, Moscow, “, Denmark, Saudi Arabia, Malta, russia, ukraine

☆ My business partner ended our relationship via email and outlined everything wrong with me. She still wanted to be friends.
▼ + stars: | 2024-01-14 | by ( Bethaney Phillips | ) www.businessinsider.com time to read: +5 min

After working together for four years, my business partner sent an email ending our relationship. AdvertisementIn 2014, I got an email from my business partner; it was a notification that we would no longer be working together. My business partner and I were close friends when we started the company in 2010. Because the client and my former business partner were friends, the client shared the dirt. Somehow, she still wanted to be friendsThis business breakup only pertained to the professional part of our relationship.

Persons: —, I'm Organizations: Service

☆ In a 'lost' interview, Jeff Bezos revealed why he chose books as the 'best product' to sell on Amazon
▼ + stars: | 2024-01-13 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

In the beginning, it was just books — and Jeff Bezos had a reason for that hyper-specificity. Out of all the different products you might be able to sell online, books offered an "incredibly unusual benefit" that set them apart, Bezos said. "There are more items in the book category than there are items in any other category, by far," said Bezos. But in the book space, there are over 3 million different books worldwide active in print at any given time across all languages, [and] more than 1.5 million in English alone." "When you have that many items, you can literally build a store online that couldn't exist any other way," he explained.

Persons: Jeff Bezos, Bezos, —, Brian Roemmele Organizations: Libraries Association

☆ Wall Street is getting Wells Fargo all wrong after earnings. Here's the level we'd be buyers
▼ + stars: | 2024-01-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. If Wells Fargo shares were to dip to around $45, Jim Cramer said Friday the Club would be buyers at that level. 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, Wells Fargo, Wells, –, Jim, Morgan Stanley, It's, UnitedHealth, Jim Cramer's Organizations: CNBC, Wells, Street, Humana

☆ Bill Belichick’s Best Partner Wasn’t Tom Brady - The New York Times
▼ + stars: | 2024-01-12 | by ( Jeff Benedict | ) www.nytimes.com time to read: +1 min

When Robert Kraft traded a first-round draft pick to the New York Jets in 2000 in exchange for the right to hire Bill Belichick, N.F.L. insiders considered it “an awfully steep price,” as one put it, and a journalist mocked him for being “snookered.”Convinced that Belichick was a coaching savant, Kraft ignored the naysayers. He had an undistinguished record as a head coach, and Kraft was a relatively new owner of a franchise that had never won a championship. Hours before Belichick’s first game as head coach of the New England Patriots on Sept. 3, 2000, he gave Kraft a gift: a vintage print of Ted Williams and Babe Ruth. On a nondescript card, Belichick scribbled, “Thanks for giving me the opportunity to coach your team.

Persons: Robert Kraft, Bill Belichick, N.F.L, “, Belichick, Kraft, Ted Williams, Babe Ruth, Belichick scribbled, ” Kraft Organizations: New York Jets, New England Patriots

☆ Dividend stocks could see a revival in 2024
▼ + stars: | 2024-01-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Dividend stocks fell out of favor in 2023, even as all three major US indexes overcame regional banking turmoil, high interest rates and geopolitical tensions to notch double-digit returns. As interest rates rose to a 22-year high, investors favored bonds at attractive yields over riskier stocks offering smaller payouts. Some traders believe that dividend stocks could make a comeback this year. Larry Adam, chief investment officer at Raymond James, favors dividend stocks in sectors like tech and healthcare for their growth qualities, over traditionally defensive categories like utilities. His firm only invests in dividend stocks that have that growth component, he says.

Persons: ”, Morgan Stanley, Larry Adam, Raymond James, Adam, Elisabeth Buchwald, John Cochrane, Anna Bahney, Freddie Mac, who’ve, Sam Khater, Freddie Mac’s, Read Organizations: CNN Business, Bell, New York CNN, Mastercard, Companies, Hoover Institute, “ Locations: New York

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