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☆ BHP, Rio Tinto: Women take on mining giants in sexual harassment class action cases
▼ + stars: | 2024-12-12 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

Brisbane, Australia CNN —Lawyers for women who claim they’ve been sexually harassed while working for global mining giants BHP and Rio Tinto say they’ve been inundated with emails since filing two class action cases in an Australian court. Saeed Khan/AFP/Getty Images‘Repeated sexual approaches’One case was filed against BHP and the other against Rio Tinto. BHP and Rio Tinto condemn behaviorClaims about the sexual bullying and harassment of women at Australia’s mine sites are not new – and in recent years both BHP and Rio Tinto have vowed to stamp it out. “We deeply regret and apologise unreservedly to anyone who has ever experienced any form of harassment at BHP,” a spokesperson said. “For many years, we have been focused on identifying, calling out and dealing with instances of disrespectful behaviour, including sexual harassment, racism and bullying,” the BHP statement said.

Persons: they’ve, JGA Saddler, Joshua Aylward, ”, groped, Aylward, “, Rio Tinto, Saeed Khan, urinated, Angela Green, Jo Stone, Green, BHP, ” “, Elizabeth Broderick, unreservedly Organizations: Australia CNN —, BHP, Rio Tinto, Court, CNN, “ BHP, Federal, Getty, Sex, ” Locations: Brisbane, Australia, Rio, Sydney, Perth, Western Australia, AFP, Queensland, New South Wales, Australia’s

☆ Private Equity Is Pouring Billions of Dollars Into Restaurants. Yikes.
▼ + stars: | 2024-12-12 | by ( Corey Mintz | ) www.businessinsider.com time to read: +16 min

Between 2009 and 2018, the number of fast-casual restaurants in America doubled, while sales have nearly tripled. When the gravy train stops, fast-casual restaurants are going to be in trouble. To understand why private equity is pouring money into restaurants, we have to start with the appeal of the fast-casual model. The limited menu enables both fast-food and fast-casual restaurants to be efficient, keep costs down, and avoid losses from food waste and labor. Because a lot of the weaker players have been weeded out," Susskind says about fast-casual restaurants.

Persons: Charles Grodin, Robert DeNiro, I've, Blackstone, Cava, Alex M, Susskind, that's, Chris Macksey, Olive Garden, Smokey Bones —, Tracy Goh, Damaran Sara, Goh, Talia Berman, Levy, Berman, Moshe Batalion, Thomas Crosby, Crosby, they've, It's Organizations: Sycamore Partners, Bowls, Lobster, Taco Bell, Cornell University, Prix Fixe, Nabisco, Darden, Investment, RioCan, Independent, Pal's, Harvard, University of Chicago's Booth School, Business, Cornell, Rubio's, Mill, Capital Locations: Jersey, America, Manhattan, Taco, Olive, Cava, San Francisco, New York's, Tennessee, Florida, United States, California

☆ A woman paid $12,000 for surgery to permanently turn her eyes from brown to blue. She said it's the best investment she's made in herself.
▼ + stars: | 2024-12-12 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +6 min

Ulku Dogan had surgery to make her eyes blue after wearing colored contact lenses for years. AdvertisementSeven weeks ago, her dream came true when she flew to New York and paid $12,000 for surgery to permanently change her eye color from brown to blue. Some doctors, however, argue there isn't enough evidence that the benefits of cosmetic eye surgery outweigh the known and potential unknown long-term risks. In a 2021 study published in the Journal of Cornea and External Disease, 12 out of 40 keratopigmentation patients experienced light sensitivity in the first month. "He got his eye colored, and I'm like, 'what else do I need?'"

Persons: Ulku Dogan, Dogan, Kevin Niksarli, it's, who've, Dr, Alexander Movshovich, He's, Movshovich, Julian Prosia, keratopigmentation, Stephen D, McLeod, hadn't, It's Organizations: FDA, Manhattan LASIK, Wall Street, Ophthalmology, American Academy of Opthalmology, American Academy of Ophthalmology, BI Locations: San Francisco, New York, Manhattan, Canada, Movshovich

☆ Pete Hegseth, Trump’s Defense pick, says allowing gay troops to serve openly reflects a Marxist agenda
▼ + stars: | 2024-12-12 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +10 min

CNN —Pete Hegseth, President-elect Donald Trump’s pick for secretary of defense, has repeatedly criticized policies allowing gay people to serve openly in the US military, calling them part of a “Marxist” agenda to prioritize social justice over combat readiness. “But because I naïvely believed that’s what ending Don’t Ask Don’t Tell was all about. “It started with Clinton under ‘don’t ask, don’t tell,’” he said. “So it started, you know, we saw it under Clinton with the tinkering of ‘don’t ask, don’t tell’ and the reasons for those changes,” Hegseth said on a podcast promoting his book. “It was stuff like, ‘don’t ask, don’t tell,’ which was their immediate target, right?

Persons: Pete Hegseth, Donald Trump’s, Hegseth, DADT, Bill Clinton, Obama, Don’t, Ben Shapiro, “, ”, ” Hegseth, Don’t Tell, ‘ don’t, they’re, “ don’t, Trump, Pete, Defense James Mattis, Joe Biden, don’t, Clinton, ’ ”, Donald Trump's, Jennifer Rauchet, Sen, Susan Collins, Mark Schiefelbein, ’, it’s, ” CNN’s Manu Raju, Alison Main, — Organizations: CNN, Warriors, Fox News, Defense, Minnesota Army National Guard, America, DADT, Meidas News, Navy, CNN Wednesday, Pentagon, Trump, Pew Research, RAND Corporation, Research, Capitol, Army, Obama Locations: Guantanamo, Iraq, Afghanistan, Maine, Washington

☆ UBS is expecting higher inflation in the next decade. Here are 5 trades the bank recommends to beat rising prices.
▼ + stars: | 2024-12-12 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

If you were expecting the Federal Reserve to finally put inflation to rest in 2025, don't get your hopes up. Rising prices are shaping up to be a persistent problem over the next decade, according to UBS. UBS sees the megatrends of increased deficits, deglobalization, and decarbonization as drivers of elevated inflation for the next decade. Protectionist policies like tariffs and other trade restrictions are likely to result in higher costs for consumers and businesses, slower worldwide economic growth, and, ultimately, increased inflation. This high-growth group of commodities can help increase returns on portfolios even with increased inflation.

Persons: —, That's, Mark Haefele, Donald Trump's, Stocks, Haefele, Dow, Schwab Organizations: UBS, Reserve, Wealth, Trust, American PLC, BHP Group, BHP, Copper Miners, Dow Jones

☆ NFL Week 15 preview: a potential Super Bowl preview and the battle for Pennsylvania, five things to look out for
▼ + stars: | 2024-12-12 | by ( Andy Scholes | Ben Morse | ) edition.cnn.com time to read: +9 min

After this week, they get the New York Jets and then two divisional home games versus the Cardinals and Seattle Seahawks. The game of Week 15 is the Lions hosting the Bills, with Buffalo coming off that wild loss to the Rams. On the other hand, despite being 12-1 and favorites to win the Super Bowl, the Lions need to win this game. Bill Streicher/USA Today Sports via ReutersIf you live in Pennsylvania, the game of the week is not Lions vs. Bills, it’s the Eagles hosting the Pittsburgh Steelers. ETSundayDallas Cowboys vs. Carolina Panthers – 1 p.m.

Persons: Kyle Shanahan, “, It’s, hadn’t, ” Shanahan, haven’t, George Kittle, Ezra Shaw, don’t, botching, ’, Maema Njongmeta, Julio Cortez, McCarthy, Sam Hodde, Mike McCarthy, Jerry Jones, Bill Belichick, He’s, Allen, Katelyn Mulcahy, Josh Allen, Dan Campbell, ” Allen, “ He’s, it’s, ” Campbell, he’s, Lon Horwedel, Pennsylvania Barkley, Bill Streicher, Russell Wilson, Saquon Barkley, Barkley, Eric Dickerson’s, Cousins, Todd Rosenberg, Kirk Cousins, Michael Penix Jr Organizations: CNN, NFC, Los Angeles Rams, San Francisco 49ers, Rams, Buffalo Bills, Niners, Chicago Bears, Washington Commanders, Bears, Tampa, ” 49ers, Miami Dolphins, Detroit Lions, Arizona Cardinals, New York Jets, Cardinals, Seattle Seahawks, Seattle, Cowboys, Dallas Cowboys, Cincinnati Bengals, ‘ America’s, Panthers, Tampa Bay Buccaneers, Philadelphia Eagles, Lions, Buffalo, Green Bay Packers, USA, Sports, Reuters Buffalo, AFC East, Kansas City Chiefs, Bills, Eagles, Minnesota Vikings, Vikings, Pennsylvania, Reuters, Pittsburgh Steelers, Steelers, Philly, Las Vegas Raiders, Atlanta Falcons, Falcons, Atlanta, Raiders, Sunday Dallas Cowboys, . Carolina Panthers, Cleveland Browns, . Houston Texans –, Jacksonville Jaguars, Washington, New, New Orleans Saints –, Baltimore Ravens, . New York Giants, . Tennessee Titans, New England Patriots, . Arizona Cardinals, Indianapolis Colts, Denver Broncos, Los Angeles Chargers, Seattle Seahawks –, . Minnesota Vikings Locations: Washington, Francisco, Florida, Los Angeles, North Carolina, Detroit, Pennsylvania, Atlanta, New Orleans

First stop: PortugalBefore fully committing their family to expat life, West and her husband decided to try life abroad for three months through a startup called Boundless Life. Born and raised in Texas, West's husband, Harley, was initially hesitant to move their family out of the U.S. Pros and cons of life abroadWest says the slower pace of life and lower cost of living in Greece has made a "huge difference" in her family's life. West and her family enjoy trying new foods in Syros, Greece and exploring the island together. Vicky Markofela for CNBC Make ItNow that they've made Greece their home base, West looks forward to growing her family.

Persons: Cara West, Harley, West, Vicky Markofela, Cara West West, West's, nomadically, we've, I'm, Uma Sharma, HBO Max, doesn't, — it's, they've Organizations: CNBC, Robb Elementary School, U.S, Netflix, HBO, Apple, Transportation Locations: West, U.S, Syros, Greece, Uvalde , Texas, Austin, Texas, Portugal, Bali, Tuscany, Belize, United States, Albania, Italy

“And when we moved to Broadway, we needed to make that idea register to the back of the house, so we ended up labeling them ‘R’ and ‘U’ and ‘M.’ We had a lot of fun thinking about, ‘What is the dumbest version of this idea, and how can we make it be funny?’”

Persons: ’ Organizations: Broadway

☆ I'm much happier living in Greece than in the U.S. — here's how much it costs
▼ + stars: | 2024-12-12 | by ( Zachary Green | Cheyenne Devon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm much happier living in Greece than in the U.S. — here's how much it costsCara West moved from Texas to Syros, Greece with her husband and two-year-old daughter in 2024. She now works remotely and brings in over $135,000 a year through her salary as a luxury travel concierge and through brand sponsorships she receives as a travel content creator. She says that, because of Greece's lower cost of living, her husband can be a full-time caretaker for their daughter. She also says that they're now able to put aside more money to pay down their $62,000 of credit card debt. 09:44 2 hours ago

Persons: —, Cara West, they're Locations: Greece, U.S, Texas, Syros

☆ I spent 8 years in Melbourne, one of the best cities to live in. Here's what I loved about it and didn't like.
▼ + stars: | 2024-12-12 | by ( Melissa Noble | ) www.businessinsider.com time to read: +5 min

I spent eight years living in Melbourne, which ranks among the best cities to live in. Melbourne consistently ranks among the world's top cities to live in based on things like healthcare, infrastructure, culture, and education. AdvertisementAlthough I loved a lot about my life in Melbourne, it wasn't a perfect place for my family. Here's what I loved about living there — plus, a few parts I didn't care for. AdvertisementWe enjoyed living in Melbourne — but it wasn't right for us in the long termI'm so glad we had our time in Melbourne.

Persons: it's, Michael Stav, I'd, Chris Gordon Organizations: Getty, Melbourne, Fitzroy Gardens, Botanic, ½ Locations: Melbourne, Australia's, Canada, London, Australia, Victoria, Cambodian, The Greater Melbourne, York, Elwood, Sydney, Bright

☆ India's ReNew Energy offered to be taken private in $2.82 billion deal
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +2 min

Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission show, in a deal that values the clean power generator at $2.82 billion, according to Reuters calculations. Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, ReNew Chairman Sumant Sinha and a unit of the Abu Dhabi Investment Authority have offered to buy shares in India's second largest clean energy generator at $7.07 each. The consortium has collective voting rights of 64% in ReNew, which is India's second biggest renewable energy firm after Adani Green. Shares of ReNew closed 17.7% higher at $7.46 on the Nasdaq on Wednesday, 5.5% above the offer price. Goldman Sachs , one of ReNew's earliest investors, sold its entire stake after the energy company went public in 2021.

Persons: Sumant Sinha, Adani, CreditSights, Masdar, JERA, Goldman Sachs Organizations: Energy Global, U.S . Securities, Exchange, Canada, Plan Investment Board, Abu Dhabi Investment Authority, Nasdaq, SEC, Fitch Group, NASDAQ Locations: UAE, Abu Dhabi, India's, India, U.S, Middle

☆ UK and EU leaders want a reset after Trump's win — and now voters want it too
▼ + stars: | 2024-12-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

As U.K. and EU leaders seek to reset relations ahead of President-elect Donald Trump's return to the White House, public sentiment also appears to be shifting in favor of closer ties across the continent, according to a new survey. The majority of Britons (55%) think the U.K. should realign with the EU under a second Trump term, and prioritize stronger relations with Brussels over the U.S. (17%), research from the European Council on Foreign Relations showed Thursday. There was also reluctance for Britain to follow Trump's lead on major foreign policy issues such as China and Ukraine. On the continent, the feeling is mutual, with pluralities of respondents across EU countries — and Germany and Poland in particular — supporting closer ties with the U.K. "There is a striking and widely-held desire on both sides of the channel to get closer together," he added.

Persons: Donald Trump's, Rachel Reeves, Monday, —, Mark Leonard, ECFR, Spain — Organizations: EU, White, Trump, U.S, European Council, Foreign, U.K, . Finance, Britain Locations: Brussels, Britain, China, Ukraine, Germany, Poland, London, France, Italy, Spain

☆ Hannah Kobayashi found safe, her family says nearly 1 month after she was reported missing
▼ + stars: | 2024-12-11 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Hannah Kobayashi, the Hawaii woman who was at the center of a Southern California missing persons investigation before authorities said she voluntarily crossed into Mexico, has been found safe, her family said Wednesday. Kobayashi’s family said last week that they were investigating whether she may have been part of a green card marriage scam. Kobayashi’s father died by suicide Nov. 24 after the family came to Los Angeles last month to search for her. The Los Angeles Police Department found video showing Kobyashi crossing into Mexico via a San Diego land port on Nov. 12. Police officials said that Kobyashi intentionally missed her flight and that there was no evidence of human trafficking or foul play.

Persons: Hannah Kobayashi, she’d, Kobayashi’s, Kobayashi, Kobyashi, Douglas Oldfield Organizations: Los Angeles Magazine, Los Angeles International Airport, of Modern Art, Los Angeles Police Department, Police Locations: Hawaii, Southern California, Mexico, Los, Los Angeles, New York City, San Diego

The Wisconsin man, who allegedly faked his own death before turning up alive and well overseas, returned to U.S. soil where sheriff's deputies booked him into jail, authorities said Wednesday. Ryan Borgwardt arrived in the United States on Tuesday and was taken to the Green Lake County Jail on unspecified charges, Sheriff Mark Podoll told reporters. Borgwardt is accused of staging his Aug. 12 disappearance while kayaking on Green Lake, about 100 miles northwest of Milwaukee. When Borgwardt didn't come home on that day, searchers found a capsized kayak and his vehicle and trailer parked in Dodge Memorial County Park. After international call for help to find Borgwardt, a Russian-speaking woman reached out to Green Lake County Sheriff's deputies and helped them contact the wayward father, authorities said.

Persons: Ryan Borgwardt, Sheriff Mark Podoll, Podoll, Borgwardt, Borgward, he's, we're, Borgwardt didn't, wasn't Organizations: U.S, Dodge, Investigators Locations: Wisconsin, U.S, United States, Green Lake, Green, Milwaukee, Dodge Memorial, Canada, Madison, Detroit

When Syria’s new interim prime minister, Mohammad al-Bashir, chaired a Cabinet meeting in Damascus on Tuesday, hanging behind him was the flag of the country’s suddenly victorious opposition. That path will largely depend on Hayat Tahrir al-Sham, the rebel organization that led the charge into Damascus and is now stewarding Syria’s political overhaul. Its leader, Abu Mohammad al-Jolani, said a decade ago that there would be no room for religious minorities in the Islamist Syria of which he dreamed about. The leader of Syria's Islamist HTS group, Abu Mohammad al-Jolani, at the Umayyad Mosque in Damascus on Sunday. Aref Tammawi / AFP - Getty ImagesSome observers, such as Gerges, see the interim prime minister as little more than an Jolani figurehead.

Persons: Syria’s, Mohammad al, Bashir, Assad, Muhammad Haj Kadour, Abu Mohammad al, Jolani, Ahmad al, ”, Bilal Sukkar, trepidation, Nael, ” Sukkar, Fawaz, Gerges, “, ” al, Della Sera, “ God, Aref Tammawi Organizations: Getty, Harvard Divinity School, London School of Economics, Islamic State, U.S, NBC News Locations: Damascus, Syria, Hayat Tahrir, Homs, Sunday, AFP, United States, Al Qaeda, Syrian, London, Idlib, Italian, Washington, Umayyad, Idlib province

Coffee lovers and café dwellers are likely to see the price of a cup of joe increase soon, experts warn. The price of arabica coffee beans, the high-quality beans found in most restaurants and shops, spiked this month, recently jumping to $3.50 a pound. A pile of coffee beans during harvest at a plantation in Minas Gerais state near Guaxupe, Brazil, on June 13, 2016. 1 factor on the increase and change in prices in the coffee market. “People are very reactive to coffee prices, and this affects everyone down the chain.

Persons: Patricia Monteiro, “ We’ve, ”, David Ortega, Ortega, “ We’re, ” Ortega, Jackie Newman, Newman, ” Newman, “ Organizations: Bloomberg, Getty, Michigan State University, Coffee Inc, “ Locations: Minas Gerais, Guaxupe, Brazil, Vietnam, Europe, Valencia, Spain, California

☆ Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
▼ + stars: | 2024-12-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Jens Schlueter | Afp | Getty ImagesA perfect storm of challenges for the European automobile industry shows no sign of letting up, analysts say. It is against this backdrop, analysts say, that the industry will be bracing for a bumpy ride next year. What next for Europe's car giants? We expect more noise of potential policy implications in the US, further restructuring announcements in Europe, muted demand ex China and pricing to soften," they added. It was hoped at the time that the new models could represent a turning point for the region's auto industry.

Persons: Jens Schlueter, Julia Poliscanova, Poliscanova, Environment's Poliscanova, France's, I'm, Rico, Rico Luman, Luman Organizations: Volkswagen, VW, Works, Afp, Getty, Transport, Environment, CNBC, European Automobile Manufacturers ' Association, BMW, Ferrari, Renault, Volvo, EU, European, Mercedes, Stellantis, France's Renault, ING Milan, Deutsche Bank, Rico, ING, Europe's, Paris Locations: Zwickau, Germany, China, Europe, Rico Luman, Munich, U.S, Shenyang, China's, Liaoning

☆ They bought an $800 AI robot for their kids. Now the company is shutting down — and children are having to say goodbye.
▼ + stars: | 2024-12-11 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

The Moxie AI robot cost $800 and was marketed to parents to help teach children social skills. Moxie, an AI-powered toy robot aimed at preschoolers and other children, is shutting down — leaving parents in the position of having to explain that a beloved companion is going away. Related Video The surprising reason millennial parents are miserableWhen the Moxie robot launched in 2020, it cost $1,500 (later reduced to $800). AdvertisementHeather Frazier bought a Moxie toy five months ago for herself because she was curious. Incidentally, Musk's ex-partner Grimes has her own AI robot toy company called Grok — which isn't related to Musk's Grok.

Persons: —, Moxie, Simon Says, Carlos Rosaly, Rosaly, I've, Heather Frazier, Teddy Ruxpin, Frazier, Frazier isn't, Elon, Musk's, Grimes, Paolo Pirjanian, Pirjanian Organizations: Business

☆ Why GM pulled the plug on Cruise after spending $10 billion on robotaxis
▼ + stars: | 2024-12-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

General Motors' decision to pull the plug on Cruise shows that building a robotaxi business is hard, really expensive — and fraught with risk. AdvertisementThe automaker invested more than $10 billion in Cruise since taking control of the self-driving startup in 2016. Along with Google-backed rival Waymo, Cruise moved quickly to get its fleet of driverless Chevrolet Bolt robotaxis on the road. Related storiesCEO Mary Barra cited "the considerable time and expense required to scale a robotaxi business in an increasingly competitive market" on a call with analysts. Waymo is already offering a robotaxi service across several US cities and Tesla plans to launch its service in 2025."

Persons: Waymo, Cruise, Chevrolet Bolt, Kyle Vogt, Kimberly White, Uber, Mary Barra, John McDermid, Elon Musk, Musk, Tesla Tesla, Fallah, General Motors Organizations: Motors, General Motors, Cruise, Google, University of York, Vehicle Research, UK's Surrey University, Bank of America, GM, General Locations: San Francisco, California, Las Vegas, Cybercabs, Texas

☆ Here’s the Wall Street chatter after the CPI data
▼ + stars: | 2024-12-11 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

It's still all clear for the Federal Reserve next week to cut rates again. The consumer price index in November rose 0.3% month over month and 2.7% year on year, the Bureau of Labor Statistics said Wednesday. Core CPI, which strips out volatile food and energy prices, increased 0.3% from October and 3.3% from the year earlier period. But stock futures traded slightly higher before the bell — as the new data is unlikely to dissuade the Fed from its cutting campaign. But it's unmistakable that the last four months with core up 0.3% month over month is a trend."

Persons: It's, Dow, Josh Hirt, Whitney Watson, Alicia Levine, Peter Boockvar, Skyler Weinand, Regan, Jason Bazinet Organizations: Federal Reserve, of Labor Statistics, CPI, Dow Jones, Vanguard, Federal, Goldman Sachs Asset Management, BNY, Bleakley Financial, Fed, Citi

☆ Gold touches two-week peak; U.S. inflation data in focus
▼ + stars: | 2024-12-11 | by ( ) www.cnbc.com time to read: +2 min

Gold prices scaled a two-week peak on Wednesday, supported by escalating geopolitical tensions and expectations of another rate cut by the U.S. Federal Reserve next week, and ahead of the closely watched U.S. inflation report later in the day. Spot gold was up 0.2% at $2,698.47 per ounce, as of 0253 GMT, and hit its highest since Nov. 25. Investors' focus is on the U.S. Consumer Price Index (CPI), which is expected to have risen by 0.3% in November. Gold is considered a safe investment during economic and geopolitical turmoil and tends to thrive in a low-interest-rate environment. Spot silver added 0.1% to $31.93 per ounce, platinum gained 0.5% to $947.55 and palladium rose 0.7% to $975.19.

Persons: Kyle Rodda, Goldman Sachs Organizations: U.S . Federal Reserve, Investors, U.S . Consumer, Index, Reuters, South Korean Locations: Syria, Central

☆ Many tech companies have effectively completed IPOs as private businesses, says Mitchell Green
▼ + stars: | 2024-12-11 | 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 EmailMany tech companies have effectively completed IPOs as private businesses, says Mitchell GreenMitchell Green, Lead Edge Capital founding partner, joins 'Squawk Box' to discuss the state of tech IPO in 2024, investor appetite for tech and SaaS companies, and more.

Persons: Mitchell Green Mitchell Organizations: Edge Capital

☆ ServiceTitan prices IPO at $71, above expected range, after slow stretch for tech offerings
▼ + stars: | 2024-12-11 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

ServiceTitan, a provider of cloud software to contractors, priced its IPO at $71 a share on Wednesday, above the expected range. ServiceTitan sold 8.8 million shares in the offering, which would amount to a raise of almost $625 million. At the IPO price, ServiceTitan is worth about $6.3 billion. In March of this year, social network Reddit went public, followed by data management company Rubrik the following month. ServiceTitan's preliminary results for the October quarter show a net loss of about $47 million on $198.5 million in revenue.

Persons: ServiceTitan, chipmaker Cerebras, Vahe Kuzoyan, Ara, Mahdessian's, Mitchell Green Organizations: Nasdaq, Technology, Federal Reserve, Meritech, Bessemer Venture Partners, TPG, Los Angeles Times Locations: Glendale , California

☆ Mark Gastineau: Former Jets pass rusher confronts Brett Favre about controversial NFL sack record grudge
▼ + stars: | 2024-12-11 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Former New York Jets pass rusher Mark Gastineau says Brett Favre “hurt” him after he confronted the Pro Football Hall of Fame quarterback about the controversial NFL sack record grudge involving the two of them. Al Bello/Getty Images“When you fell down for (Strahan),” Gastineau said to Favre after the Green Bay legend tries to shake his hand and says he recognizes Gastineau. I realize now the potential financial implications because football is far more business-oriented than when me or Mark played. I hope this controversy brings attention to just how great Mark Gastineau was. Gastineau played his entire 10-year NFL career with the Jets before playing a season with the BC Lions in Canada.

Persons: Mark Gastineau, Brett Favre “, ”, Gastineau, Michael Strahan, Favre, Strahan, Al Bello, ” Gastineau, “ I’m, ” Favre, “, Brett, Brett Favre, ade, eason Organizations: CNN, Former New York Jets, Pro Football Hall of Fame, NFL, New York Giants, Green Bay Packers, ESPN, The, York Sack Exchange, New, New York Jet, ard, ust Locations: York, Strahan, New York

☆ NFL Week 14 takeaways: Drama in Philadelphia? The ‘igniter’ leading Rams to playoffs?
▼ + stars: | 2024-12-11 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

The week of action also saw the highest-scoring game of the season and plenty of players hit historic milestones. Here are the main takeaways from the past week in the National Football League. The ‘igniter’ leading the LA Rams to the playoffs? However, the pair returned in Week 8, and since then, the Rams have gotten back on track. I thought all our guys at the skill spots did a really nice job.”Nacua could prove vital if the Rams hope to reach the playoffs.

Persons: Issues, Xavier Legette, would’ve, Jalen, Saquon Barkley, Brown, ” Brown, Terrance Williams, Brandon Graham, 94WIP, Graham, ” Graham, “, Nick Sirianni, ” Sirianni, ’, Puka, spraining, Cooper Kupp, LA’s, Nacua, Matthew Stafford, ”, Katelyn Mulcahy, Kyren Williams, Stafford, Josh Allen, Sean McVay, ” McVay, Igniter, he’s, McVay, ” Nacua Organizations: CNN, Cleveland Browns, Tennessee Titans, New York Jets, Jets, National Football League, Philadelphia Eagles, Carolina Panthers, Philly, Eagles, ESPN, ”, LA Rams, NFL, Los Angeles Rams, BYU, PCL, Rams, Buffalo Bills, ” Rams, Bills, Los Angeles, Green Bay Packers, Detroit Lions Sunday New York Jets, Miami Dolphins Atlanta Falcons, Minnesota Vikings New Orleans Saints, New York Giants Carolina Panthers, Philadelphia Eagles Cleveland Browns, Pittsburgh Steelers Las Vegas Raiders, Tampa Bay Buccaneers Jacksonville Jaguars, Tennessee Titans Seattle Seahawks, Arizona Cardinals Buffalo Bills, Los Angeles Rams Chicago Bears, San Francisco 49ers Los Angeles Chargers, Kansas City Chiefs Monday Cincinnati Bengals, Dallas Cowboys Locations: Philadelphia, City

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