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Nichole Wischoff screened over 500 applications before making her first hire for her VC fund. AdvertisementThis as-told-to essay is based on a conversation with Nichole Wischoff, 34, founder of Wischoff Ventures. Business Insider previously published an essay about her first recruit at Wischoff Ventures, Neal Mintz, and his hiring experience. I spent most of my career working at startups and had to brute-force my way to starting Wischoff Ventures from scratch. Screening through 500 applications to find the perfect hireI started recruiting for my fund's first full-time hire earlier this year.
Persons: Nichole Wischoff, Wischoff, Neal Mintz, Mintz, , Neal, Nichole Wischoff's, you've, Don't, you'd Organizations: Service, Wischoff Ventures, Venture, Stanford Locations: San Francisco, New York
The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers. The latest round of relief is a result of the U.S. Department of Education's fixes to the popular, but once troubled, Public Service Loan Forgiveness program. "Public service workers – teachers, nurses, firefighters, and more – are the bedrocks of our communities and our country," Biden said in a statement. Before Biden took office, only 7,000 people had ever received the debt relief under PSLF, the U.S. Department of Education said. By contrast, Trump has called for the elimination of the Public Service Loan Forgiveness initiative and expressed opposition to the Biden administration's other efforts to cancel education debt.
Persons: Joe Biden, Biden, George W, Bush, it's, Mark Kantowitz, Kamala Harris, Donald Trump, Harris, Trump Organizations: Biden, U.S . Department, Public, Consumer Financial, Bureau, U.S . Department of Education
Berkshire Hathaway cut its Apple stake by 55% in the first half of 2024, potentially missing out on $23B in profits. Apple shares have jumped 10% since the second quarter, driven by optimism about Apple Intelligence. Berkshire Hathaway entered 2024 with a massive stake in Apple, holding 905.6 million shares worth about $174 billion at the time. Instead, Berkshire Hathaway's current stake in Apple was worth $84 billion at the end of the second quarter. AdvertisementThe difference between the weighted average price and the price of Apple stock on Thursday nets out the $23.1 billion in missed profits for Berkshire Hathaway.
Persons: Berkshire Hathaway, , Warren, That's, It's, Buffett Organizations: Berkshire, Apple, Apple Intelligence, Service, Business, company's Apple Intelligence Locations: Apple, Berkshire, HedgeFollow
HSAs require enrollment in a high-deductible health plan, suitable for healthy individuals. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. "I decided to get a high deductible health plan because I was young, healthy, and I didn't expect my medical expenses to be too high," she said. Brent Weiss, a certified financial planner, told BI that he invests his HSA money in a target-date fund: "I'm not getting fancy. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Grant and the Schlagbaums do.
Persons: , Amberly Grant, Grant, she's maxed, Brennan, Erin Schlagbaum, HSAs, it's, it'll, Brent Weiss, I'm, you've Organizations: Service, IRA, IRS
Kristen Bell, who played Anna in the "Frozen" movies, said her kids don't like them. "Frozen" and "Frozen 2" both made more than $1 billion, among the most successful animations ever. AdvertisementKristen Bell says her kids don't like the "Frozen" movies, but know they are what will fund them through college. The star, who recently appeared in Netflix's "Nobody Wants This," didn't say how much she was paid for "Frozen" and "Frozen 2." It was beaten by two other Disney movies: 2019's "The Lion King," which made $1.
Persons: Kristen Bell, Anna, , Bell, Arendelle, Dax Shepherd, they're, Disney, King Organizations: Service, Office Mojo, Disney
China will never commit to renouncing the use of force over Taiwan, the government in Beijing said on Wednesday after another bout of war games and a visit by Chinese President Xi Jinping to the scene of a famous defeat for Taiwanese forces. China will never commit to renouncing the use of force over Taiwan, the government in Beijing said on Wednesday after another bout of war games and a visit by Chinese President Xi Jinping to the scene of a famous defeat for Taiwanese forces. China, which views democratically governed Taiwan as its own territory, staged a day of large-scale drills around the island on Monday that it said were a warning to "separatist acts" following last week's national day speech by Taiwan President Lai Ching-te. "But we will never commit ourselves to renouncing the use of force," he said. Taiwan has close though unofficial relations with the United States, a major arms supplier, and its allies.
Persons: Xi Jinping, Lai Ching, Chen Binhua, Chen Organizations: Taiwan Affairs Office, Taiwan Locations: China, Taiwan, Beijing, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina property market is going to be a problem for next 10 years or so, economist saysFreya Beamish, chief economist at TS Lombard, discusses China markets after a briefing from the country's housing ministry disappointed investors, pulling Hong Kong-listed property stocks lower.
Persons: Freya Beamish Organizations: China, TS Lombard Locations: China, Hong Kong
North Korean workers have been infiltrating US companies, but extortion has emerged as a new tactic. Early into his four-month employment, he used remote-work tools to infiltrate the company's systems, downloading a large amount of company data, per Secureworks. Last year, FBI leaders warned that the money earned in salaries was being funneled to North Korean weapons programs. AdvertisementA Ukrainian man was also accused of operating "laptop farms" for North Korean workers. He told Business Insider that thorough vetting and background checks are often the "only fallback" to prevent rogue access to sensitive company data.
Persons: , Secureworks, Rafe Pilling, Pilling, Charles Carmakal, Carmakal, Jake Moore Organizations: North, Service, FBI, North Korean, Business, Counter, Unit, CTU, BBC News, Mandiant Consulting, Korean, Monitoring, Management, Fortune, Prosecutors Locations: North Korean, Secureworks, Korean, American, Australia, North Korea, Korea, Arizona
CNN —Treasury Secretary Janet Yellen is set to warn that proposals for sweeping tariffs are “deeply misguided,” would ramp up inflation and hurt American businesses, offering a clear critique of former President Donald Trump’s economic policy. “Calls for walling America off with high tariffs on friends and competitors alike or by treating even our closest allies as transactional partners are deeply misguided,” Yellen will say, according to excerpts released by the Treasury Department. “But the issues we face today, from broken supply chains, to climate change and global pandemic preparedness, to China’s industrial overcapacity, also mean we cannot simply draw from an old playbook.”Trump implemented sweeping tariffs on about $300 billion of Chinese-made products while in office. He’s also said he would implement a “100% tariff” on countries that shift away from using the US dollar. “To me, the most beautiful word in the dictionary is tariff,” Trump said at the Economic Club of Chicago on Tuesday.
Persons: Janet Yellen, Donald Trump’s, Trump, Kamala Harris, , walling, , ” Trump, Biden, He’s, John Micklethwait, CNN’s Jordan Valinsky Organizations: CNN, Council, Foreign Relations, Trump, walling America, Treasury Department, Economic, of Chicago, Bloomberg Locations: New York City, Ukraine
Mounting geopolitical tensions and a tight presidential election may intensify market volatility in coming weeks, but high-quality growth stocks may prove a useful way for investors to hedge against any future uncertainty, according to Trivariate Research. October is a historically volatile month for stocks , and this week alone has seen the market seesaw. "It now seems the market has come full circle," Trivariate Research founder and CEO Adam Parker wrote in a recent research note to clients. "It is much easier to buy and hold growth stocks, and it requires less arrogance in predicting the unknown than it used to. Wholesale retailer Costco and hotel giant Hilton are two other growth names that Parker listed.
Persons: Adam Parker, Parker, Morgan Stanley, Eli Lilly, Lilly Organizations: Research, Dow Jones, Dow, Adobe, Wholesale, Costco, Hilton Locations: U.K, Wednesday's
Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.
Persons: Blackstone, Copeland, Here's, , Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan
CNN —A Travis County judge granted a Texas House committee’s last-minute temporary restraining order request against the state just 90 minutes before Robert Roberson was scheduled to be executed Thursday. While authorities have not confirmed the execution is delayed, Roberson’s attorneys and the committee fighting for him told CNN they believe the execution is currently halted. “This is an injustice and his blood is on Abbott and Anderson County,” she told CNN. I did not hear his voice,” Brian Wharton, the former detective who oversaw the investigation into Nikki’s death, told state lawmakers Wednesday at a hearing featuring the case. I don’t want to be there, I don’t want to watch it happen,” Wharton told CNN.
Persons: Travis, Robert Roberson, Amanda Hernandez, Roberson, Sonia Sotomayor, ” Sotomayor, , Sotomayor, , ” Robin Maher, Greg, Abbott, Dale Wainwright, Jennifer Roberson, Brian Wharton, Roberson’s, he’s, pediatricians, Nikki Curtis, They’ve, Paroles, , Nikki, Nikki “, , Robert, ” Brian Wharton, Wharton, Gretchen Sween –, ” Wharton, John Grisham, Sween, Jeff Leach, Antoinette Laskey, ” Laskey Organizations: CNN, Texas, Texas Department, Criminal, US, Former Texas Supreme, Huntsville Unit, Supreme, GOP, Wednesday, Appeals, American Academy of Pediatrics, US Army, National Registry, American Academy of Pediatrics ’, Child Locations: Texas, ” Texas, Travis, Huntsville, Anderson County, Anderson, Palestine , Texas
The Pentagon disclosed that B-2 stealth bombers were involved in the operation. AdvertisementThe US military carried out a series of airstrikes against the Iran-backed Houthi rebels in Yemen on Wednesday, using B-2 stealth bombers to hit targets underground. The US bases the heavy strategic bombers at Whiteman Air Force Base in Missouri. AdvertisementBefore the emergence of the new B-21 Raider, the B-2 was, for decades, the only stealth bomber. The Air Force describes the MOP as a heavy munition that can accomplish "difficult" and "complicated" missions of reaching enemy weapons stored in well-protected sites.
Persons: , Defense Lloyd Austin, Austin, Vincent De Groot, Northrop Grumman, Matthew S, Domingos Mark Gunzinger, Samantha White Organizations: Pentagon, Service, Defense, Navy, US Air Force, US Air National Guard, The Air Force, Northrop, Whiteman Air Force Base, Raider, Air Force, Islamic, U.S . Air Force, Mitchell Institute for Aerospace Studies, Boeing, Air Locations: Yemen, Iran, Gulf of Aden, United States, Missouri, Soviet, Australia
CNN —A 22-year-old man has been arrested and charged with murder in connection with three cases in Birmingham, Alabama, last month, including a mass shooting that left four people dead and 17 others wounded in the city’s lively entertainment district, police announced. “Today was a major step toward justice,” said Birmingham Mayor Randall Woodfin in a statement following the arrest. Then, within 24 hours of the mass shooting, police say McDaniel was connected to the shooting death of Jamarcus McIntyre, who was found fatally shot on a sidewalk. After the mass shooting, the mayor said gun violence has reached an “epidemic level” in Birmingham. The archive, like CNN, defines a mass shooting as one in which at least four people are shot, excluding the shooter.
Persons: Damien McDaniel, , Scott Thurmond, McDaniel, Anitra, Tahj Booker, Carlos McCain, Roderick Patterson Jr, Thurmond, , Birmingham Mayor Randall Woodfin, , ” “, ” McDaniel, Diontranet Brown, Brown, Jamarcus McIntyre Organizations: CNN, Birmingham Police Department, Police, Anitra Holloman, , Birmingham Mayor, FBI, Birmingham Locations: Birmingham , Alabama, Jefferson, Birmingham, United States
Los Angeles Associated Press —Mitzi Gaynor, the effervescent dancer and actor who starred as Nellie Forbush in the 1958 film of “South Pacific” and appeared in other musicals with Bing Crosby, Frank Sinatra and Gene Kelly, has died. “Your love, support and appreciation meant so very much to her and was a sustaining gift in her life.”Mitzi Gaynor in 1959. Evening Standard/Hulton Archive/Getty ImagesHer entertainment career spanned eight decades across film, television and the stage, but she is best remembered for her turn in “South Pacific.”The screen version of “South Pacific” received three Academy Award nominations, and won for best sound, while Gaynor was a best actress nominee for a Golden Globe. Later in her career, Gaynor reinvented herself as a performing entertainer. Gaynor and Bean married in 1954 and in 1960 bought a spacious house in mid-Beverly Hills that became their home until his death in 2006.
Persons: Angeles Associated Press — Mitzi Gaynor, Nellie Forbush, Bing Crosby, Frank Sinatra, Gene Kelly, Gaynor, Rene Reyes, Shane Rosamonda, ” Reyes, Rosamonda, ” Mitzi Gaynor, Pacific ”, Jack Bean, Francesca Marlene de Czanyi von Gerber, Mitzi, Marlene, Bean Organizations: Angeles Associated Press, Pacific, Associated Press, Hulton, Globe, Beverly, Hollywood Locations: Los Angeles, “ South, Las Vegas , Florida, U.S, Canada, England, Australia, Chicago
Intel products sold in China have been recommended for a security review by local officials who allege that the U.S. chipmaker poses "serious risks" to national security. CSAC further accused Intel of using remote management features to surveil users while covertly installing backdoors and of failing to address defects reported by users. Daniel Newman, CEO of The Futurum Group, noted the security review comes amid increased tensions between China and the U.S. in regard to chip controls and AI leadership. China accounted for 27.4% of Intel's revenue in 2023, making it vital to the company's bottom line at a time its stock is struggling following poor earnings and job cuts. However, under U.S. chip policy, the company has been restricted from exporting some of its most advanced products to Chinese clients.
Persons: CSAC, Daniel Newman, Newman Organizations: Intel, Cybersecurity Association of China Locations: China, U.S
CNN —Lebanese nationals residing in the United States will be granted a form of humanitarian relief, the Department of Homeland Security announced Thursday, citing ongoing armed conflict and conditions in Lebanon. White House officials have met with Lebanese Americans at least twice over the course of recent weeks, and there have been multiple virtual meetings and phone calls between Lebanese Americans and officials on VP Harris’ team where this issue has been raised, two Lebanese Americans familiar with the exchanges told CNN. In Michigan – where the Arab American community is a critical voting bloc – this move could boost Harris’ support, the Lebanese Americans familiar with the exchanges said. “TPS will allow us to protect Lebanese nationals who are already in the United States. Earlier this year, Biden granted Lebanese nationals in the United States temporary protections from deportation.
Persons: Biden, Kamala Harris ’, Harris, Alejandro Mayorkas, Alabas Farhat, , Joe Biden, Sens, Gary Peters, Dick Durbin, Ben Cardin Organizations: CNN, Department of Homeland Security, White, Lebanese, Homeland, TPS, Michigan –, “ TPS Locations: United States, Lebanon, Israel, Michigan, Lebanese
At 11, my kid came out as nonbinary and changed her name and pronouns. I immediately accepted my kid's new name but accidentally deadnamed her on a trip. Saundrah and Annika went to get bubble tea, so I asked my kid if she wanted to go, too. When she didn't react to me deadnaming her on our trip, I realized she had made peace with the transition. I'd like to think this shift happened in part because she's been 100% supported in her gender journey.
Persons: , Taylor, Nico, I'd, Saundrah, Annika, I'm, would've, you've, she's, it's Organizations: Service Locations: Germany, Munich, Prague, Berlin
Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.
Persons: shrugged, , Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi
NASA is planning to give the Boeing Starliner another chance. The agency has scheduled two SpaceX launches — Crew-10 and Crew-11 — for 2025. AdvertisementNASA has released the schedule for its commercial launches in 2025, and the Boeing Starliner is slated to get another chance at spaceflight. Advertisement"Meanwhile, NASA is keeping options on the table for how best to achieve system certification, including windows of opportunity for a potential Starliner flight in 2025," it added. The duo are scheduled to return via the SpaceX Crew Dragon in February 2025.
Persons: Starliner, , Anne McClain, Nichole Ayers, Russia's Roscosmos, Butch Wilmore, Suni Williams, Williams, Elon Musk, NASA didn't Organizations: NASA, Boeing, SpaceX, , Service, Japan Aerospace Exploration Agency, International, Station, Starliner, Federal Aviation Administration, FAA, Business Locations: New Mexico
The fast-food chain said it plans to invest $75 million in Singapore over 10 years. AdvertisementChick-fil-A has announced plans for a restaurant in Asia, set to open in Singapore in late 2025. In a press release on Thursday, the fast-food chain said the restaurant's opening is part of a 10-year-long, $75 million investment into Singapore. The brand is also accepting Singaporean applications to be the island's "first independent Chick-fil-A franchise Owner-Operator." And the average Chick-fil-A franchise made $9.4 million in sales that year.
Persons: Tim Hortons, , Anita Costello, Chick Organizations: Singapore —, Shake, Service, Business, Airport, Channel News Asia Locations: Singapore, Asia, Europe, Singapore's, Jewel
The potential deal would take Uber closer to "super app" status, according to one analyst. CEO Dara Khosrowshahi has said he wants to make Uber a one-stop app for transportation and delivery. AdvertisementUber's reported interest in travel booking website Expedia points to one way the ride-hailing app could get closer to CEO Dara Khosrowshahi's vision of an everything app. AdvertisementHowever, in a May interview with Skift, Khosrowshahi resisted describing Uber as a potential "super app," calling the term "loaded." Meantime, Uber might not need to buy Expedia in order to offer Expedia bookings, according to Gordon Haskett's Mollins.
Persons: Uber, Dara Khosrowshahi, , Dara Khosrowshahi's, Gordon, Robert Mollins, Khosrowshahi, Elon Musk, Skift, Gordon Haskett's Mollins, Mollins Organizations: Financial Times, Service, Uber, Twitter Locations: China
Learn moreIt may be a spinoff of a spinoff, but Georgie and Mandy's First Marriage has become one of the most highly-anticipated fall network TV premieres. Below, we've compiled everything you need to know about how to watch Georgie and Mandy's First Marriage, including a free streaming option. How to watch Georgie and Mandy's First Marriage in the USGeorgie and Mandy's First Marriage will air on Tuesdays at 8 p.m. Cord-cutters can live stream the show (and the network) through a couple of different avenues. Check price at DirecTVHow to watch Georgie and Mandy's First Marriage in CanadaNew episodes of Georgie and Mandy's First Marriage will be available through CTV in Canada.
Persons: Georgie, Young Sheldon, Georgie Cooper, Montana Jordan, Emily Osment, Chuck Lorre, Steven Molaro, Steve Holland, Mandy, ExpressVPN Organizations: Business, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, DirecTV, DirecTV Stream, CTV, cybersecurity Locations: Canada
Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . NEXTracke r: Shares of solar stock Nextracker are having another rough day, dropping roughly 3%. 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. A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023.
Persons: Jim Cramer, Donald Trump, Joe Biden, Trump, there's, we've, Jim Cramer's, Jim, Amber Wang Organizations: CNBC, Semiconductor, Taiwan Semiconductor, Nvidia, Apple, Taiwan Semi, ASML Holdings, Treasury, Atlanta, JPMorgan, Nextracker, Microsoft, Republican, Netflix, Procter, Gamble, American Express, Jim Cramer's Charitable, Taiwan Semiconductor Manufacturing Company, Center, Afp, Getty Locations: Taiwan, Hsinchu, AFP
Jim Cramer on what Nike would need for a comeback
  + stars: | 2024-10-17 | 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 EmailJim Cramer on what Nike would need for a comeback'Mad Money' host Jim Cramer looks at what Nike's new CEO means for the company's future.
Persons: Jim Cramer Organizations: Nike
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