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The last year and a half has been the best period in more than 20 years to be sitting in cash. Related stories"We know those attractive cash rates aren't going to last forever. Just as the aggressive rate hiking cycle took Treasury yields higher, interest rate cuts will eventually take all cash rates lower as well," Gillum said. And third, investors can build a bond ladder, meaning they stagger their money in different bond durations. "Bonds offer an optionality that you don't get from cash.
Persons: Lawrence Gillum, Gillum, there's Organizations: Service, Federal Reserve, LPL, Business, Bloomberg, Aggregate Bond, BNY Mellon, Schwab U.S, Fed
Read previewIn the fierce fight for the best and brightest across finance, tech, and more, Ken Griffin's Citadel and Citadel Securities have expanded their pursuit of the freshest talent. There's a growing awareness from top students about finance beyond the big-name banks, according to Fabian Figi, Citadel Securities' head of campus recruiting. Citadel Securities also holds a Ph.D. summit, where advanced graduate students can present their research to firm leaders. Citadel Securities CEO Peng Zhao. Tina Lu, a former Citadel Securities intern at the Wisconsin bubble, said it's a hallmark of the firm to let people prove themselves.
Persons: , Ken Griffin's, It's, We've, Matt Mitro, Goldman Sachs, There's, Fabian Figi, Griffin, Citadel's, Figi, Shehan Suresh, Peng Zhao, Suresh, Tina Lu, I've, Lu, Mitro Organizations: Service, Citadel Securities, Business, Citadel, JPMorgan Chase, New, MIT, Stanford, Georgia Tech, University of Texas, Carnegie Mellon, Oxford, Harvard, Ivy League Locations: Wisconsin, New York, Miami, Chicago, Penn, Harvard, Fort Lauderdale
Instead, it's drawing a feed of blistering, high-pressure, vaporized water from a century-old loop of steam pipes that runs beneath the city's streets. Like dozens of cities, New York has a loop of steam pipes under its streets that could help reverse the urban doom loop. Lindsey Nicholson/UCG/Universal Images Group via Getty ImagesIn July, Vicinity is installing what will be the nation's first zero-carbon urban steam loop. AdvertisementThe most convincing evidence that steam loops make economic sense comes from who's getting into the district-energy game. Meaning: Can we use steam loops to fix the urban doom loop before the climate doom loop dooms us all?
Persons: I've, Nobody, Francisco, Kevin Hagerty, Lindsey Nicholson, Blake Ellis, Burns, McDonnell, Tim Danz, it's, Danz, Hagerty, Decarbonizing, COVID, Costa Samaras, They'll, Adam Rogers Organizations: California, Vicinity Energy, Getty, Cal, Antin Infrastructure Partners, KKR, Scott Institute for Energy, Innovation, Carnegie Mellon, Business Locations: Francisco, California, New York City, Boston, Washington, New York, England, Chicago, Miami, San Diego, Portland, Milwaukee
Dollar firm ahead of global inflation data
  + stars: | 2024-05-27 | by ( ) www.cnbc.com   time to read: +4 min
The dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. The euro , which gained 0.9% on the dollar last week, was in the middle of a range it has held for more than a year at $1.0846. German inflation on Wednesday and euro zone readings on Friday will be watched for confirmation of a European rate cut that traders have priced for next week. The dollar had fallen back after data showed a slowdown in consumer price rises in April and disappointing retail sales, before strengthening last week thanks to better-than-expected PMI survey data. China's yuan finished last week weaker than 7.24 per dollar, its lowest level since early May.
Persons: Sterling, Bob Savage, BNY, China's, Scott Gold, would've, Justin D'Anethan Organizations: New, U.S, Federal, Swiss, Tokyo CPI Locations: Britain, United States, U.S, Asia, New York
A U.S.-listed Chinese company that makes most of its money overseas could soar more than 75%, according to Morgan Stanley's newly updated forecasts. "This is because the stock has traded off recently, making short term valuation much more compelling," the Morgan Stanley analysts said, noting Tuya's quarterly results last week. Tuya shares closed Friday at $1.99, down more than 13% for the year so far. "Key play on Chinese companies going overseas, with a global leading position," the analysts said. Tuya is just one of many China-based companies going overseas as their business capabilities improve and growth at home slows.
Persons: Morgan Stanley's, Yang Liu, Morgan Stanley, Tuya, Goldman Sachs, BNY Mellon Organizations: Management, Asia Pacific, Google, BNY, New Enterprise Associates Locations: U.S, Asia, China, Europe, India, Hong Kong
Although alcohol overall remains more widely used, 2022 was the first-time daily marijuana use overtook drinking at the same frequency, with roughly 17.7 million cannabis users and 14.7 million drinkers, respectively. That is a 15-fold increase for cannabis since 1992 when only 900,000 Americans disclosed using the drug daily compared with 8.9 million daily drinkers. The spirits and alcohol industry, however, has been working to defend its market share despite shifting trends among younger consumers. However, some analysts on Wall Street expect greater impact to the alcohol industry from cannabis adoption. "We estimate that legal cannabis could be negatively impacting beer volume [compound annual growth rate] by up to 230 bps in Canada and 75 bps in the U.S. where legal," said Bernstein analyst Nadine Sarwat.
Persons: Roth, Scott Fortune, Bill Kirk, Kirk, Fortune, Bernstein, Nadine Sarwat, Sarwat Organizations: The U.S . Drug Enforcement Administration, Carnegie Mellon University, Administration, Wall, distillers, Constellation Brands, Diageo, AB InBev, Molson Coors Locations: San Anselmo , California, The U.S, U.S, Canada
Tangible book value , a common yardstick used to value banks, measures shareholder equity minus the value of a bank's intangible assets and goodwill. Following Dimon's comments, CNBC Pro screened for banks in the S & P 500 that also sport a price-to-tangible book value of 2 or more. With a price-to-tangible book value of 2.6, Bank of New York Mellon was the most expensive name on the list. Similar to JPMorgan, Fifth Third Bancorp has a price-to-tangible book ratio of 2. Other names on the list of expensive bank stocks included U.S. Bancorp and Discover Financial Services .
Persons: Jamie Dimon's, JPMorgan Chase, Dimon, We're, Morgan Stanley, Betsy Graseck, Graseck, Bank of New York Mellon, Vivek Juneja, , Fred Imbert Organizations: JPMorgan, CNBC Pro, Bank of New York, Fifth Third Bancorp, . Bancorp, Discover Financial Services Locations: Monday's, Cincinnati
Mr. Trump’s campaign still lags far behind in total cash on hand, the April filings show. Mr. Trump is leading Mr. Biden in many polls, including recent New York Times/Siena College/Philadelphia Inquirer surveys that had the former president ahead in five of six top battleground states. Mr. Trump also continues to spend millions of dollars on legal bills, the filings show. Still, the filings and campaign statements reflect a busy fund-raising month for Mr. Trump. Save America also received $2.75 million in April from a super PAC backing Mr. Trump, Make America Great Again Inc., and $183,000 from a new joint fund-raising committee Mr. Trump has with the Republican Party.
Persons: Donald J, Trump, Biden, Biden’s, Trump’s, Money, Pete Marovich, Julie Chavez Rodriguez, “ We’re, , Crooked Joe Biden, ” Mr, Timothy Mellon, Mellon, Robert F, Kennedy Jr, Kennedy’s, Nicole Shanahan, Kennedy, Shanahan Organizations: Republican Party, Mr, Democratic National Committee, Federal, Biden Trump, Republican, Republican National Committee, Biden, New York Times, Siena College, Philadelphia Inquirer, Radio City Music Hall, Democratic, The New York, Republicans, Trump, America, PAC, Make, Inc, Mellon Locations: Palm Beach, Fla, America, Hollywood, Wyoming
Read previewGetting a foot in the door at one of the four Big Tech companies — Meta, Google, Apple, and Amazon — can require years of training, an expensive education, and many interviews. Business Insider spoke to five people who landed jobs at Big Tech companies about how they learned the skills and experience that landed them the role — and how they showcased those skills during the interview. AdvertisementGriffin worked as a software engineer for Rotten Tomatoes, Vox, and Shopify before applying for jobs at Apple four times. Griffin landed a role as a software engineer at Apple and worked at the company for two years. "I took it to get my foot in the door of a Big Tech company and build credibility," he told BI.
Persons: , Corey Griffin, Apple Corey Griffin, Griffin, Vox, tara Larsen, Tara Larsen, Larsen, Sahil Gaba, Sandeep Rao, Big Tech Sandeep Rao, Rao, Zubin Pratap, Pratap, he'd Organizations: Service, Big Tech, — Meta, Google, Apple, Business, C3G Media, Rotten, Amazon, Gaba, BI, Meta, Oracle, Carnegie Mellon University Locations: Big Tech, Amazon, India
The new public-private partnership, dubbed Project Fortress, underscores the real danger US officials and bank executives believe cyberattacks pose to the economy. But Project Fortress is not just about playing defense. Project Fortress has been in the works for several months, with Treasury rolling out various parts of the alliance in pieces, the source said. One of the key elements of Project Fortress is the cyber hygiene tool run by the Cybersecurity and Infrastructure Security Agency (CISA). The federal government has recently flexed its offensive capabilities, including ones that are part of Project Fortress.
Persons: Wally Adeyemo, Janet Yellen, Adeyemo, Jamie Dimon, Brian Moynihan, Jane Fraser, Robin Vince, ” Vince, Vince, Jerome Powell, ” Adeyemo, Sean Lyngaas Organizations: New, New York CNN, Treasury, CNN, Bank Policy, JPMorgan Chase, Bank of America, Citigroup, BNY, Washington, Industrial, Commercial Bank of China, Infrastructure Security Agency, JPMorgan Locations: New York, Washington
Peggy Mellon Hitchcock, the energetic scion of a storied wealthy family who funded Timothy Leary’s psychedelic adventures — and famously helped him find the spot to do so, at her brothers’ estate in Millbrook, N.Y. — died on April 9 at her home in Tucson, Ariz. She was 90. Ms. Hitchcock had been suffering from endometrial cancer. Timothy Leary hadn’t yet been thrown out of Harvard for his experiments with psychedelic drugs when he met Ms. Hitchcock one weekend at the apartment of Maynard Ferguson, the jazz trumpeter and bandleader, in the Riverdale section of the Bronx. “Pretty Peggy Hitchcock was an international jet-setter,” Mr. Leary wrote in his 1983 autobiography, “Flashbacks,” “renowned as the colorful patroness of the livelier arts and confidante of jazz musicians, racecar drivers, writers, movie stars. Stylish, and with a wry sense of humor, Peggy was considered the most innovative and artistic of the Andrew Mellon family” — that is, the family of the Pittsburgh industrialist who was secretary of the Treasury under three presidents.
Persons: Peggy Mellon Hitchcock, Timothy, , Sophia Bowart, Hitchcock, Timothy Leary hadn’t, Harvard, Maynard Ferguson, Peggy Hitchcock, Mr, Leary, , Peggy, Andrew Mellon Organizations: Pittsburgh Locations: Millbrook, N.Y, Tucson, Ariz, Riverdale
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed trajectory is 'bumpy' as macroeconomy has a lot of momentum, says Dreyfus and Mellon's ReinhartVincent Reinhart, Dreyfus and Mellon chief economist and former Fed economist, joins 'Money Movers' to discuss the current macroeconomic picture relative to the Fed's trajectory, how hawkish Jerome Powell will sound, and much more.
Persons: Dreyfus, Mellon's Reinhart Vincent Reinhart, hawkish Jerome Powell Organizations: Mellon, Fed
Federal authorities say a "critical safety gap" in Tesla 's Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities and "many others" resulting in serious injuries. The findings come from a National Highway Traffic Safety Administration analysis of 956 crashes in which Tesla Autopilot was thought to have been in use. Tesla's Autopilot design has "led to foreseeable misuse and avoidable crashes," the NHTSA report said. The agency also said it was opening a new probe into the effectiveness of a software update Tesla previously issued as part of a recall in December. "People are dying due to misplaced confidence in Tesla Autopilot capabilities.
Persons: Tesla, Lars Moravy, Edward J, Markey, Richard Blumenthal, Conn, Walter Huang, Elon Musk, Musk, Philip Koopman, Koopman Organizations: Tesla, Traffic, NHTSA, CNBC, NBC News, Apple, Carnegie Mellon University Locations: U.S, Mountain View , California, Snohomish County , Washington, Sens
Conventional wisdom suggests that RFK Jr.'s presidential campaign could stop Biden from reelection. Biden leads Trump in an NBC News survey when third-party candidates are in the mix. AdvertisementFormer President Donald Trump's allies may end up regretting Robert F. Kennedy Jr.'s long shot presidential campaign. In the survey, NBC found that a greater share of Trump voters flock to the noted vaccine skeptic's campaign when their presidential choices are expanded beyond just Trump and Biden. Trump leads Biden by 2 points (within the margin of error) in a two-on-two rematch, but the advantage flips to Biden by the same margin when the field is expanded to Biden, Trump, Kennedy, Jill Stein, and Cornel West.
Persons: Biden, Trump, , Donald Trump's, Robert F, Kennedy Jr, Kennedy, Joe Biden's, Jill Stein, Cornel West, Timothy Mellon, Mike Pence, Democrat — Organizations: RFK Jr, NBC, Service, NBC News, Trump, Biden, Kennedy, GOP, New, Democratic Party, The New York Times, Democrat, Democratic Locations: New York, The
RFK Jr. qualifies for battleground Michigan’s ballot
  + stars: | 2024-04-18 | by ( Aaron Pellish | ) edition.cnn.com   time to read: +3 min
CNN —Independent presidential candidate Robert F. Kennedy Jr. officially qualified for the ballot in Michigan, a key battleground state that could prove pivotal in deciding the outcome of the 2024 presidential election. Natural Law Party of Michigan chair Doug Dern told CNN the party nominated Kennedy in a convention on Wednesday. The Michigan Secretary of State’s office confirmed to CNN the party’s nomination has been approved and Kennedy will appear on the state’s ballot. In a hypothetical head-to-head matchup between Trump and Biden, Trump earned 48% support from Michigan voters, while Biden earned 45% support. Michigan is the second state where Kennedy has officially qualified for the ballot.
Persons: Robert F, Kennedy Jr, Kennedy, Nicole Shanahan, Doug Dern, Joe Biden, Donald Trump, Biden, Trump, Hillary Clinton, Gary Johnson, Jill Stein, Timothy Mellon Organizations: CNN, Independent, Natural Law Party, Natural Law Party of Michigan, Michigan, Trump, Biden, Democratic, Libertarian, Green Party, Democratic National Committee, Kennedy’s, GOP, Kennedy, Muslim, Committee, Federal, Commission, PAC Locations: Michigan, Grand Rapids , Michigan, Gaza, Utah, New Hampshire, Hawaii , Nebraska , Idaho, North Carolina , Iowa, Nevada
Watch CNBC's full interview with BNY Mellon CEO Robin Vince
  + stars: | 2024-04-16 | 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 EmailWatch CNBC's full interview with BNY Mellon CEO Robin VinceCNBC's Leslie Picker sits down with Robin Vince, Bank of New York Mellon CEO, to discuss earnings, macro outlooks, and more.
Persons: BNY Mellon, Robin Vince CNBC's Leslie Picker, Robin Vince Organizations: BNY, Bank of New York Mellon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Not surprising' that Fed doesn't yet have confidence to cut rates, says BNY Mellon CEOCNBC's Leslie Picker sits down with Bank of New York Mellon CEO, Robin Vince, to discuss potential rate cuts, macro outlooks, and more.
Persons: Mellon, CNBC's Leslie Picker, Robin Vince Organizations: Bank of New York Mellon
Washington CNN —Americans haven’t been stashing money into their savings accounts like they used to, according to government statistics. Put together, this may have resulted in “a structurally lower saving rate,” according to the report. What does the lower saving rate of nowadays say about the US consumer? Households are continuing to spend at these elevated rates and one reason is because of the lower saving rate. You’re just not seeing a reversal back to pre-Covid levels, which isn’t shocking when you look back historically to what has happened to the saving rate.
Persons: haven’t, , Wells, Bell, Shannon Seery Grein, There’s, they’ve, we’ve, Matt Egan, ” Paul Knopp, Read, Goldman Sachs, Charles Schwab, Lorie Logan, Mary Daly, Johnson, Morgan Stanley, Jerome Powell, Loretta Mester, John Williams, Raphael Bostic, Austan Goolsbee Organizations: Washington CNN, Wells, KPMG, CNN, Gallup, T Bank, US Commerce Department, National Association of Home Builders, China’s National Bureau of Statistics, Johnson, Bank of America, PNC, The Bank of New York Mellon, Northern Trust, United Airlines, Federal Reserve, Abbott Laboratories, Discover, Citizens, Cleveland Fed, Taiwan Semiconductor Manufacturing, Netflix, Alaska Air, National Association of Realtors, Fed, US Labor Department, Procter & Gamble, American Express . Chicago Fed Locations: Wells Fargo, United States, Europe, UnitedHealth, Blackstone
Heightened tensions in the Middle East, including the possibility of Iran attacking Israel, sent stocks back down and oil prices higher. If the choice is between a weak economy with lower rates or a strong economy with higher rates, we'll take the strong economy every time. Low rates may help with valuation multiples, but it's a strong economy that leads to earnings growth and that's what we, as long-term investors care about. Shelter costs are a major sticking point for overall inflation, which makes Tuesday's housing starts and building permits report a key watch item. We'll get another look at housing with the release of the March existing home sales report on Thursday.
Persons: we've, we'll, Morgan Stanley, Wells, bode, we're, Goldman Sachs, Charles Schwab, Johnson, ERIC, JB Hunt, Kinder Morgan, DR, Ally, Huntington, Jim Cramer's, Jim Cramer, Jim, Abbott, Ethan Miller Organizations: Dow Jones, Wednesday, Federal Reserve, Abbott Labs, Cardiovascular Systems, Diagnostics, Procter & Gamble, Constellation Brands, Procter, T Bank, Bank of America, Bank of New York Mellon, BK, PNC Financial, PNC, Ericsson, United Airlines, Interactive, ASML Holdings, US Bancorp, Citizens, Alcoa, CSX, Discover Financial, Nokia, Alaska Air, Blackstone BX, McLennan, Netflix, PPG Industries, Gamble, Financial, American Express, Jim Cramer's Charitable, CNBC, Las Vegas Convention, Getty Locations: Iran, Israel, China, Marsh, Las Vegas , Nevada
Opinion: How Trump plans to win the presidency
  + stars: | 2024-04-12 | by ( Julian Zelizer | ) edition.cnn.com   time to read: +6 min
A potentially successful multi-prong strategy with electoral, media, legal, legislative and third-party intervention appears to be in place. Julian Zelizer Larry LevantiWhile 2020 was about subverting the Electoral College, Trump has been trying to work the rules to his advantage in 2024. These tactics build on the ways that Trump’s campaign had moved to shift primary rules to favor him. Trump is also working the 24-hour cable news and social media ecosystem to his advantage. When a bipartisan group of senators pushed a right-of-center immigration and foreign aid bill, Trump rallied his House minions to subvert passage.
Persons: Julian Zelizer, Donald Trump, Julian Zelizer Larry Levanti, Trump, Joe Biden, , Biden, MAGA, Marjorie Taylor Greene, Greene, Mike Johnson, Robert Kennedy Jr, Jill, Timothy Mellon — Organizations: CNN, Princeton University, New York Times, America, Twitter, Electoral College, Republicans, GOP, MAGA Republicans, FISA, Green, The New York Times, Inc, Cornel Locations: In Nebraska, New York, Trump’s, Ukraine
How the corporate America is handling sticky inflation and the prospect of higher interest rates will be top of mind for investors in the week ahead, after this week's choppy moves. The first-quarter earnings season, which kicked off Friday, will give Wall Street insight into how businesses expect to weather an environment of elevated interest rates. More macro data, such as U.S. retail sales, will give insight into how the consumer is handling higher pricing pressures. First-quarter earnings season underway The corporate earnings season kicks into high gear in the week ahead. This week, the small cap Russell 2000 is on track for a losing week, down by more than 1%.
Persons: Bob Doll, CNBC's, Wolfe, Rob Ginsberg, Ginsberg, Goldman Sachs, Morgan Stanley, FactSet, Robert Haworth, Haworth, Charles Schwab, Johnson, D.R, KeyCorp Organizations: Dow Jones Industrial, Exxon Mobil, Costco, Apple, Crossmark, Investments, Investors, Bank of America, Consumer, U.S . Bank, Index, Retail, T Bank, Housing, Manufacturing, Hunt Transport Services, United Airlines, Johnson, Bank of New York Mellon, UnitedHealth Group, Northern Trust, CSX, Discover Financial Services, Prologis, U.S . Bancorp, Philadelphia Fed, American Express, Procter, Gamble, Fifth Third Bancorp, Schlumberger Locations: America, China, NAHB, Vegas Sands, U.S, Horton
Washington CNN —President Joe Biden hosts Japanese Prime Minister Kishida Fumio for a state visit Wednesday, including a crucial Oval Office meeting, reinforcing his commitment to bolstering vital partnerships in the Indo-Pacific amid a militarily and economically resurgent China. Over 70 items covering a wide array of critical sectors are expected to be announced as part of the bilateral meeting between Biden and Kishida, according to senior administration officials. “The idea of switching to a multilateral, lattice-like strategic architecture is to flip the script and isolate China,” this person said. Cherry Blossom diplomacyEven as the leaders plan to announce the lengthy list of defense and diplomatic agreements during the course of their visit, senior administration officials also sought to highlight a more symbolic takeaway. A senior Biden administration official called the original gift of cherry trees from Japan one of the most important diplomatic gifts in US history – second only to the Statue of Liberty, a present from France.
Persons: Joe Biden, Kishida Fumio, Biden, Kishida, Jake Sullivan, , Cherry, , Donald Trump Organizations: Washington CNN, Japanese, Carnegie Mellon University, Keio University, University of Washington, Washington State, Tsukuba University, US Steel, American, White, National Park Service, Biden, of, Japan Locations: China, Japan, Australia, Tokyo, Philippines, North Korea, Kishida, Ukraine, United States, Washington, France
My salary journey in Big Tech has seen my total compensation — which includes base salary, bonuses, and stocks — increase from $15,000 in 2012 to $685,000 in 2024. I'm a staff software engineer and have worked at three different tech companies, moving from Oracle to Apple to Meta. In California, labor laws make it illegal for employers to ask you about your current salary and salary history. That could involve switching from a non-tech job to a tech job or taking a short-term hit for long-term gain. Unless the employer offers a significant pay bump along the way, total compensation usually takes a drop after this vesting period.
Persons: Sandeep Rao, , I'm, I've, it's, Glassdoor, haven't, Jane Zhang Organizations: Meta, Apple, Oracle, Service, Business, Big Tech, Microsoft, Carnegie Mellon University, Grad, Employers, Carnegie Mellon Locations: San Jose , California, India, Pittsburgh, Cupertino , California, Menlo Park , California, California, janezhang@businessinsider.com
But there is a growing threat to that sunny economic backdrop: surging oil prices. Global oil prices are flirting with $92 a barrel amid worries about a wider war in the Middle East. US oil prices surged above $87 a barrel late last week for the first time since late October, leaving them up about 21% this year. First, drone attacks on oil refineries deep inside Russia helped lift oil prices last month. Beyond the Middle East tensions, oil and gas prices have been boosted by OPEC and its allies, which continue to restrain supply.
Persons: , , Mark Zandi, Moody’s, Donald Trump, Trump, ” Zandi, hasn’t, Andy Lipow, Brent, ” Helima Croft, Joe Brusuelas, ” Brusuelas, Brusuelas, Vincent Reinhart, Mellon, ” Reinhart, he’s, Patrick De Haan, ” De Haan Organizations: New, New York CNN, Federal Reserve, Wall, CNN, , Iranian Revolutionary Guards, Lipow Oil Associates, CIA, RBC Capital Markets, RSM, AAA, OPEC, Lipow Locations: New York, Iran, Russia, Syria, Israel, Quds,
Mark Cuban believes you're capable of greatness — as long as you stay open-minded enough to discover your strengths. "I'm a hardcore believer that everybody has something that they're really, really, really good at — that could be world-class great. "I [only] took one technology class in college, Fortran programming, and I cheated on it," Cuban said. "That's when I realized that I can be really, really good at technology." After getting fired from that sales job, Cuban started a software company called MicroSolutions, which he sold to CompuServe for $6 million in 1990.
Persons: Mark Cuban, Lex Fridman, he'd, Cuban Organizations: Cuban, Mellon Bank, Mellon, CompuServe, Yahoo, CNBC Locations: Pittsburgh, Dallas, Cuban
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