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☆ BTS 10th anniversary: Superfans make pilgrimage to South Korea to celebrate the K-pop band that conquered the globe
▼ + stars: | 2023-06-13 | by ( Kathleen Magramo Yoonjung Seo Paula Hancocks | Kathleen Magramo | Yoonjung Seo | ) edition.cnn.com time to read: +10 min

Scroll through the gallery to see how the K-pop group went global. ilgan Sports/Multi-Bits/Getty Images BTS fans at the "Love Yourself" North American Tour at the Staples Center on September 9, 2018 in Los Angeles. Andrew Lipovsky/NBC/Getty Images BTS won all three awards they were nominated for at the 2021 American Music Awards held in Los Angeles. Theo Wargo/Getty Images BTS addressed Asian inclusion and representation at the White House in Washington, DC on May 31, 2022. “Being in America and not seeing that much of Asian representation, when I saw that seven Asian guys were trending … that totally like piqued my interest immediately.

Persons: Rowan Joss, Katie Myles ’, they’re, ’ ”, Joss, HYBE, Myles, Kim Tae, Jung Ho, Kim Nam, Kim Seok, Jeon Jung, kook, Min Yoon, Psy’s, ”, Chelsea Guglielmino, Jimmy Fallon, Andrew Lipovsky, Matt Winkelmeyer, Theo Wargo, Kent Nishimura, CedarBough Saeji, ” Saeji, Katie Myles, –, hasn’t, Anthony Wallace, ’, Lisa Trinh, Diana Phung, they’ve, Trinh, they’ll, Jimin, Hwang Young, Startrip, Yoonjung Seo, Jungkook, dad, Justin Bieber, Selena Gomez, Ariana Grande, Shawn Mendes, it’s, Michelle Cho, It’s, Phung Organizations: Seoul CNN —, BTS, Records, YouTube, ilgan, Staples Center, Chelsea, NBC, Getty, White, Los Angeles Times, East Asian Studies, Pusan National University, ARMY, Ministry of Culture, Tourism, Tower, CNN, The, Guinness, Spotify, University of Toronto Locations: Hong Kong, Seoul, South Korea, Scotland, Los Angeles, Washington , DC, Korean, AFP, Seoul’s, California, Gangwon province, Busan, Korea, Cafe, America

☆ Exclusive: Fractal, a New York venture studio, is laying off staff and will stop creating new startups
▼ + stars: | 2023-06-01 | by ( Melia Russell | Stephanie Palazzolo | ) www.businessinsider.com time to read: +8 min

The venture studio Fractal Software will no longer start new companies, Insider has learned. Fractal Software, a venture studio that creates startups by hatching its own ideas and hiring founders to execute, has laid off staff and will stop starting new companies, Insider has learned. At least 28 employees, about 25% of staff, have left Fractal in the past six months, according to LinkedIn. Fractal confirmed layoffs occurred starting in December, but would not specify the number of employees affected. Fractal has a few more startups in the pipeline, with a goal of launching 145 companies, two people familiar with the company's strategy said.

Persons: Omri Bloch, That's, Joe Lonsdale's 8VC, Bienville, Melia Russell, Stephanie Palazzolo Organizations: New, Software, Investors, Tiger Global, Bienville Capital, Securities and Exchange Commission, Twitter Locations: New York, 8VC, Bienville

☆ Here's what Jim Cramer expects from key consumer earnings next week
▼ + stars: | 2023-05-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Investors should "steel" themselves for a potentially challenging week ahead, with a number of earnings reports that could serve as indicators for the broader economy, CNBC's Jim Cramer said Friday. Key numbers on retail sales come out Tuesday alongside earnings from Home Depot while Target reports earnings the following day. Those reports will be helpful in parsing the state of the economy, Cramer said, especially the retail data on Tuesday that might show "some real cracks in consumer spending." Cramer thinks Walmart's subscription service, Walmart+, has been "gaining momentum." The debt crisis is looming and until lawmakers find a solution, Cramer warned that investors should move with caution.

Musk said Tesla aimed to finish construction of the factory next year and then reach full production about a year later. We need lithium," Texas Governor Greg Abbott said at the ceremony. Musk has urged entrepreneurs to enter the lithium refining business, saying it is like "minting money." The refinery is the latest expansion by Tesla into Texas after the company moved its headquarters there from California in 2021. "We are proud that he calls Texas home," Abbott said, saying Tesla and Musk are "Texas's economic juggernauts."

☆ Tech giants bury mediocre results under AI hype
▼ + stars: | 2023-04-25 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

The technology giants’ quarterly results released on Tuesday jumped the low bar of being better than investors feared. Microsoft’s revenue was $52.9 billion, or about 7% higher than a year ago, and almost perfectly flat from the previous quarter. Still, the company earned $18.3 billion, up 9% year-over-year. The company earned $18.3 billion, or $2.45 a share, compared to $16.7 billion, or $2.22 per share, a year ago. The firm earned $15 billion, or $1.17 per share, compared to $16.4 billion, or $1.23 a year ago.

☆ DeSantis may have overreached when he went to war with Disney, and Trump smells blood in the water
▼ + stars: | 2023-04-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Florida Gov. "DeSanctus is being absolutely destroyed by Disney," Trump wrote earlier this week. "DeSanctus is being absolutely destroyed by Disney," Trump crowed on his social media platform Truth earlier this week. The Florida governor wanted to burnish his national image by torching Disney. And by gobbling up intellectual property and broadcasting rights, Disney continues to be virtually inescapable.

☆ 4.screen, a startup that enables retailers to advertise to drivers through in-car displays, just raised $23 million with this 11-slide pitch deck
▼ + stars: | 2023-04-04 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

4.screen, a startup that enables retailers to advertise through in-car displays, just raised $23 million. A startup that enables retailers to advertise to drivers on the road and in real-time through a vehicle's connected display has raised $23 million in fresh funds. In addition to in-car video ads, the startup also displays search highlights, branded map pins, and in-car offers. The startup uses car sensor data allows the startup to be as specific as possible with its suggestions. "We make sure the right content is shown to the right partner at the right time — you only see a gas station when your fuel is low," cofounder and CEO Fabian Beste told Insider.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Bond yields up so stocks drop to start week
▼ + stars: | 2023-02-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Club earnings this week include Palo Alto Networks (PANW), TJX Companies (TJX), Nvidia (NVDA), Pioneer Natural Resources (PXD) and Coterra Energy (CTRA) as well as Bausch Health (BHC). Deere (DE) price target raised to $398 per share from $364 at Bernstein, which keeps market perform (hold) rating. Mizuho likes the Twilio (TWLO) pivot and takes price target up to $90 per share from $75. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Vev, founded by ex-Apple staffers, helps entrepreneurs instantly launch their businesses. Check out the 12-slide pitch deck it used to raise $5.3 million.
▼ + stars: | 2023-02-08 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

A Dutch startup founded by Apple alumni has raised $5.3 million from Notion Capital. Check out the 12-slide pitch deck it used to raise the fresh funds. Vev, a startup founded by ex-Apple staffers, has just raised $5.3 million from Notion Capital and Point Nine Capital. The round was led by European B2B SaaS and cloud venture capital firm Notion Capital, which has previously backed GoCardless and Paddle. Check out the 12-slide deck used to raise the fresh funds.

☆ Dianne Feinstein's 2024 Senate campaign raised just $558.91 at the end of last year. It may be the clearest sign yet that she won't seek re-election.
▼ + stars: | 2023-02-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Sen. Dianne Feinstein raised less than $600 at the end of 2022, according to new campaign filings. Feinstein, who is the longest-serving Democratic senator and would be 91 on election day in 2024, has declined to say whether she will seek re-election next year. But altogether, her campaign — conspicuously named "Feinstein for Senate 2024" — reported having just $9,968.56 in cash on hand. For comparison, Feinstein raised over $16 million for her 2018 race against fellow Democrat Kevin De Leon. Last year, Senate Majority Leader Chuck Schumer publicly declined to say whether he was confident in the California Democrat's ability to serve.

☆ India is a true bright spot in the midst of a global downturn, top execs and policymakers say
▼ + stars: | 2023-01-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

But India does shine out among the world's biggest economies, with Europe hovering on the brink of potential recession and U.S. growth slowing. "It's for the whole digital India, and creating a digital society in India," Ekholm told CNBC. watch nowIndia, he continued, "will very shortly have the best digital infrastructure outside of China," driven by telecoms juggernauts Bharti Airtel and Jio, he added. Strong tailwinds"We are very optimistic and very positive on India," the chief executive of Tata Consultancy Services, Rajesh Gopinathan, told CNBC. As Anish Shah, chief executive of Mahindra Group, told CNBC: "India will get impacted.

☆ This startup is helping brands like Dior and Lacoste build virtual stores. Check out the 11-slide pitch deck Emperia used to raise $10 million.
▼ + stars: | 2023-01-25 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

London-based Emperia has raised $10 million in Series A funding for its virtual retail platform. A startup that has created a virtual platform for immersive retail experiences has just raised $10 million from Base10 Partners. Its virtual store SaaS platform is deployed to companies, who can use customers to better enhance the retail experience. Emperia works with brands such as luxury fashion house Dior, clothing company Lacoste, and luxury department store chain Bloomingdale's. She added that Emperia's aim is to "make virtual experiences the future of brands' long-term e-commerce strategy."

☆ E.U. outlines plan for clean tech future boosted by subsidies
▼ + stars: | 2023-01-17 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

“We know that we have a small window to invest in clean tech and innovation to gain leadership before the fossil fuel economy becomes obsolete,” von der Leyen said. EU Commission President Ursula von der Leyen delivers a speech at the World Economic Forum in Davos, Switzerland on Jan. 17, 2023. “We have a compelling need to make this net-zero transition without creating new dependencies,” von der Leyen said. already waved through 672 billion euros ($727.5 billion) in aid to allow member states to deal with the impact of the war in Ukraine, any E.U. member states, European Commission Vice President Margrethe Vestager wrote last week that the U.S. plan “risks luring some of our E.U.

☆ Big Tech Companies Prep for a Tough Year
▼ + stars: | 2023-01-15 | by ( Sam Schechner | ) www.wsj.com time to read: 1 min

Tighter regulation, a possible recession and retrenchment from their pandemic boom add up to a storm heading toward big tech companies. A newly humbled cadre of globe-spanning tech giants are about to see their resilience tested. For years, the biggest tech companies have been lauded by investors—and at times assailed by smaller rivals and investigated by regulators—for how they appeared to be unstoppable juggernauts. Competitors, big fines and even a global recession brought on by the Covid-19 pandemic didn’t stop revenue and profit from going up.

☆ Here's the latest on Amazon's $31 billion ad business, which continues to grow despite the economic upheaval
▼ + stars: | 2022-12-27 | by ( Business Insider | ) www.businessinsider.com time to read: +6 min

Amazon has become the third-biggest digital advertising company behind Google and Facebook, hitting $31 billion in ad revenue in 2021. Under CEO Andy Jassy, Amazon is shaking up its ad business to attract TV ad dollars, especially from advertisers that don't sell their products on its platform. Here's the latest on Amazon's moves to expand its advertising business and the growing competition. Amazon's ad business is big and growingAdvertising is a tiny sliver of Amazon's business, but it's one of the company's fastest-growing areas. Amazon's ad business is booming.

☆ Over 150,000 tech workers have lost their jobs in 2022 with education, health, and crypto sectors among the worst affected
▼ + stars: | 2022-12-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

Over 150,000 tech workers have lost their jobs in 2022, according to tracker site Layoffs.fyi. More than 150,000 tech workers have lost their jobs this year, according to data from tracker site Layoffs.fyi. Industries that grew rapidly during the pandemic — such as health tech, education tech, and crypto — have been the worst affected in 2022. The issue, he said, was that some investors in crypto, education tech, and health tech paid little heed to economic fundamentals. Amid recessions, B2B sub-sectors such as corporate education tech and employee coaching remain promising pockets within education tech, the investor added.

☆ This startup helps Fortune 500 companies build computer vision AI models. Check out the 44-slide animated pitch deck V7 used to raise a $33 million Series A.
▼ + stars: | 2022-11-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

The startup allows machine learning teams to build computer vision AI models. Computer vision models extract information from visual data sources, such as images and videos, to help computers and machines to better interpret these visual inputs. Many computer vision models are powered by machine learning technology, but this process can be time-consuming to engineer. This helps companies to develop AI models much faster and cuts down on the time needed to manage machine learning data, according to V7. V7 labels data automatically, so that teams do not have to annotate the data from scratch.

Or they feature commercial characters from media juggernauts, imbued with predetermined personalities and storylines that encourage children to copy, not create. Yet bestselling toys — as distinct from best — are too often those that are most advertised to kids; digitally enhanced or linked to popular media characters; or both. Companies that profit hugely from licensed characters have a vested interest in preventing children’s creative play — and stifling their creativity. Toys that promote creativity are less likely to be huge moneymakers because they can be used repeatedly in lots of different ways. These toys seem to be made with a kind of planned obsolescence, so new ones will soon be needed.

Investors have questioned the wisdom of that decision as Meta's core advertising business has struggled this year, more than halving its stock price. In his remarks to employees, Zuckerberg played down how much the company was spending in Reality Labs, the unit responsible for its metaverse investments. About 20% of Meta's budget was going to Reality Labs. About 40% of Reality Labs' budget went toward virtual reality, while about 10% was spent on futuristic social platforms such as the virtual world it calls Horizon. Chief Technology Officer Andrew Bosworth, who runs Reality Labs, said AR glasses need to be more useful than mobile phones to appeal to potential customers and meet a higher bar for attractiveness.

☆ U.S. tech giants face pressure from Europe's telcos to pay for building the internet
▼ + stars: | 2022-10-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Michael Bocchieri | Getty ImagesIn Europe, the battle between U.S. Big Tech companies and telecommunications firms has reached fever pitch. In May 2022, EU competition chief Margrethe Vestager said she would look into requiring Big Tech firms to pay for network costs. In South Korea, companies have similarly lobbied politicians to force "over-the-top" players like YouTube and Netflix to pay for network access. Tech companies, naturally, don't think they should pay for the privilege of sending their traffic to consumers. There's also the matter of why internet users pay their providers in the first place.

☆ Wall Street's rising stars admit their biggest career mistakes — from missing out on lucrative bets to taking too much on — and what they learned from them
▼ + stars: | 2022-10-24 | by ( Alex Morrell | Alyson Velati | Asia Martin | ) www.businessinsider.com time to read: +17 min

Vinay Trivedi, a vice president at General Atlantic focusing on the technology sector. I don't think we necessarily transitioned fast enough to how people learn if we're only doing audio from home. - David Israel, 27, vice president at Credit SuisseAngel Pu Shum is a principal within Warburg Pincus's technology group. -Allison Boxer, 29, senior vice president and economist at PIMCONoah Zerance, a vice president with Bank of America's global sustainable-finance group. and the response would be, 'Well, we don't know how we do it yet.

☆ Wall Street's most highly regarded titans are warning 'the worst is yet to come' for stocks. Here's why people like Ray Dalio, Jeremy Grantham, Carl Icahn, and Scott Minerd are bearish on the market's
▼ + stars: | 2022-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Ray Dalio, Carl Icahn, Scott Minerd, and Jeremy Grantham all warned in recent days of more downside. In recent days, a number of them — including Ray Dalio, Jeremy Grantham, Scott Minerd, and Carl Icahn — have warned that further downside is coming. Ray Dalio, founder of Bridgewater AssociatesRay Dalio at the MarketWatch Best New Ideas in Money Festival in New York on September 21, 2022. Carl Icahn, founder of Icahn Enterprisesvia CNBCIcahn also pointed out this week that it's a generally bad environment for economic growth and investors with the Fed tightening, which he supports. "I think it's going to be worse before it gets better," Icahn said at the MarketWatch Best New Ideas in Money Festival on Wednesday.

☆ See the presentations that hot healthcare startups used to raise millions from top VCs
▼ + stars: | 2022-09-08 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +8 min

Here are the presentations obtained by Insider that healthcare startups have used to raise millions. Even so, healthcare startups raised $15.8 billion in the first half of the year, according to Silicon Valley Bank. Insider rounded up all the presentations we've published that healthcare startups have used to raise cash from investors. For instance, check out the 13-slide presentation heart-health startup Miga Health used to raise $12 million in seed funding. Brightside used this presentation to break through a crowded field of mental health startups and convince VCs to invest $24 million.

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