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☆ An ex-Googler reveals why she's selling her construction startup to a Saudi company with still a year of runway in the bank
▼ + stars: | 2024-07-02 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

She's now selling her startup to WakeCap, a Saudi Arabia-based company that has contracts with many of the kingdom's construction megaprojects such as "desert cities." Instead, Eisnor exited early, selling her startup to help it scale faster. WakeCapBuilt toughFor nine years, Eisnor had a front-row seat at a tech rocketship, Waze, the Israeli-born maps and navigation company. "There is a reality in construction software that a lot of the names that you might know, they're going to be hovering around, say, $10 million in ARR. Eisnor is staying on as chief strategy officer, and Crews by Core's chief technology officer, Gene Gutnik, now leads tech for the combined company.

Persons: Ann Eisnor, Crews, Eisnor, I'm, Caterina Fake's, Hassan Albalawi, Albalawi, Kajima, —, WakeCap's Albalawi, they're, Gene Gutnik, WakeCap Organizations: Service, Business, NFX, GV, Google, McKinsey & Company, Autodesk, Core, Core's Locations: Saudi Arabia, United States, Saudi, Silicon, Silicon Valley, Israeli, hyperscale, WeWork

☆ A market hedge if this atypical election run-up causes an S&P 500 correction
▼ + stars: | 2024-07-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

The S & P 500 has yielded an average return of 7.9% since 1928, the year Herbert Hoover was elected. LBJ's presidency was also notable because he chose not to seek reelection in 1968, a year with a modest S & P return of 7.7%. A market correction could be more likely now than it seemed two weeks ago, as suggested by the current pricing of S & P options. Options such as SPDR S & P 500 ETF Trust (SPY) August $535 puts are currently priced around $5.50, about 1% of SPY's price, while S & P 500 5350 puts are around $50. SPY YTD mountain SPDR S & P 500 ETF Trust If a correction does occur, investors could monetize, roll, or spread the hedge.

Persons: Herbert Hoover, Hoover, Carter, George H.W, George H.W . Bush, LBJ's, Trump Organizations: Trump, JFK, FDR, Nvidia, Trust, Democratic National Convention, CNBC, NBC UNIVERSAL Locations: George H.W .

☆ Markets unfazed as Donald Trump has much better debate night than Joe Biden
▼ + stars: | 2024-06-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

London CNN —President Joe Biden had a shaky performance in last night’s presidential debate, triggering panic in the Democrat camp. Former President Donald Trump, meanwhile, repeated multiple falsehoods while doubling down on his record of cutting taxes and hiking tariffs during his first presidential term. If repeated in a second Trump term, many economists fear that kind of agenda could stoke inflation at a critical moment and add to America’s rapidly growing debt mountain. That could pull the typical year-end election relief rally forward, said Ed Clissold, chief US strategist at Ned Davis Research. The US dollar has also been reactive — it edged higher as initial CNN polling found that Trump was viewed as the winner of the debate.

Persons: Joe Biden, Donald Trump, shrugged, ”, Keith Lerner, Barack Obama, Trump, Lerner, Ed Clissold, Ned Davis, Antonio Ernesto Di Giacomo, “, Goldman Sachs ’ Scott Rubner, Jonas Goltermann, Emmanuel Macron, Katie Nixon, France’s, CDK, Ramishah Maruf, Eva Rothenberg, aren’t, they’ve, Scott Campbell, CNN they’ve, Jordan Valinsky, Tim Wentworth Organizations: London CNN, Democrat, Trump, “, Biden, Ned, Ned Davis Research, Investors, Capital Economics, CNN, Renaissance, Northern Trust Wealth Management, CAC, CDK, Auto, Capital City Buick GMC, Bloomberg, Walgreens Locations: France, “, North America, United States, Canada, Berlin , Vermont, Eastern Europe, America

☆ Crypto industry super PAC is 33-2 in primaries, with $100 million for House, Senate races
▼ + stars: | 2024-06-26 | by ( Emily Wilkins | ) www.cnbc.com time to read: +6 min

Yet crypto's Fairshake PAC also got into the race and spent $2 million to air an ad critical of Bowman. But it's not just money that the crypto industry plans to deploy this fall. Jordan Vonderhaar | Bloomberg | Getty ImagesThe effort is also meant to showcase a matured crypto industry. Meanwhile, Democratic incumbent Sen. Jon Tester told "Meet the Press" in 2022 that crypto did not "pass the smell test." Tester told reporters that he is keeping an open mind about several crypto bills before the Senate.

Persons: Jakub Porzycki, Jamaal Bowman, George Latimer, Israel, crypto's, Bowman, Fairshake, glided, John Curtis, Jamal Bowman, Evelyn Hockstein, Andreesen Horowitz, Coinbase, it's, Crypto, Brad Garlinghouse, Garlinghouse, Jordan Vonderhaar, Sam Bankman, Faryar Shirzad, Goldman Sachs, Sherrod Brown, Republican Bernie Moreno, Tim Sheehy, Sen, Jon Tester, Tester, Brett Kavanaugh, Kavanaugh, Mike Segar Organizations: Nurphoto, Getty Images WASHINGTON, Fairshake PAC, Westchester, Republicans, Democrats, Republican, United States Capitol, Reuters, CNBC, Bloomberg, Getty, White, Senate, Democratic, SEC, U.S Locations: Westchester County, Bowman's, Washington, Fairshake, Austin , Texas, Ohio, Montana

☆ Election Updates: The Jamaal Bowman-George Latimer primary could signal many political benchmarks.
▼ + stars: | 2024-06-25 | by ( Claire Fahy | ) www.nytimes.com time to read: +6 min

New York is a closed primary state, meaning Democrats and Republicans can vote only in their own parties’ primaries. Bowman and Mr. Latimer may serve as harbingers of many political benchmarks. Mr. Latimer is largely supportive of Israel, calling for a return of all hostages before any potential cease-fire. Mr. Latimer has received $14.5 million in support from the American Israel Public Affairs Committee. It has also featured negative characterizations, with Mr. Latimer portraying Mr.

Persons: Jamaal Bowman, George Latimer, luminary, Bowman, Latimer, ”, Israel, Alexandria Ocasio, Cortez, Bernie Sanders of, Bowman’s, Nancy Goroff, Nick LaLota, John Avlon, Avlon, Margaret Hoover, Goroff, Avlon’s, Rudolph W, Giuliani, Goroff’s, Lee Zeldin, Cook, John W, Mannion, Sarah Klee Hood, Brandon Williams, Assemblywoman Stefani Zinerman, Eon Huntley, Zinerman, Hakeem Jeffries, Letitia James, Didi Barrett, Claire Cousin, Eddie Gibbs, Xavier Santiago, Gibbs, Grace Ashford, Jeffery C, Mays, Nicholas Fandos Organizations: Democratic, Congressional, Mr, Democratic Party’s, American Israel Public Affairs Committee, Republican, CNN, PBS, Republican Party, ”, an Air Force, New York, State Senate, Legislature, Progressives, Democratic Socialists of America Locations: New York, Westchester County, Long, Israel, Gaza, Cortez of New York, Bernie Sanders of Vermont, New, Sag Harbor, Suffolk County, Central New York, State, DeWitt, Bedford, Stuyvesant, Brooklyn, Hudson, East Harlem

☆ The Biden-Trump debate will lay bare a fateful national crossroads
▼ + stars: | 2024-06-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

The country is confronting a perilous moment, internally estranged over politics and culture and as multiple foreign policy crises deepen. Biden has dedicated his term to expanding NATO to counter the Kremlin’s onslaught on Ukraine and threat to wider Europe. This leaves Biden badly needing to use Thursday night’s debate to convince voters that he can make their lives better — and soon. Post-game coverage of Thursday’s debate is certain to zero in on the best verbal jabs, soundbites and the stamina and energy of the rival candidates. But the most meaningful impact of the clash between Trump and Biden will only begin to unfold after noon on Inauguration Day, January 20, 2025.

Persons: Al, George H.W, Richard Nixon’s, Donald Trump’s, Hillary Clinton, Joe Biden, Trump, Robert Frost’s, Biden, he’s, “, he’d, Vladimir Putin, Kim Jong Un, Nikoletta Stoyanova, didn’t, they’ve, Trump’s, Jerome Powell, Kamala Harris, Lyndon Johnson, He’s Organizations: CNN, White, GOP, NATO, Trump, North, America, 57th Motorized Brigade, Republican Party, Federal, ABC Locations: America, Russia, China, Ukraine, Europe, Beijing, Gaza, United States, Vovchansk, Kharkiv Region, Nevada

☆ First debate of the cycle has a history tripping up former presidents
▼ + stars: | 2024-06-24 | by ( Kevin Liptak | Jeff Zeleny | ) edition.cnn.com time to read: +7 min

In some ways, that puts both men on equal footing when they walk onto Thursday’s debate stage. National ArchivesRonald Reagan, who like Biden retreated to Camp David for debate preparations in 1984, did not appear to his aides entirely engaged in the exercises. Walking off the debate stage after a rambling final answer, Reagan confessed to aides that he’d flopped. “They’re making me do my homework.”Walking off the debate stage in Denver, Obama did not initially realize just how bad his confrontation with Romney had gone. “On Social Security, we’ve got a somewhat similar position,” Obama told Romney during one of the exchanges that caused Obama’s advisers to cringe.

Persons: CNN — Joe Biden, Barack Obama, Obama, ” Biden, Biden, David, Donald Trump, ”, David Axelrod, Trump, hasn’t, Ron Klain, Pete Souza, hector, “, ” Trump, Brett O’Donnell, Nancy Reagan, National Archives Ronald Reagan, Camp David, peruse, Reagan, he’d, Walter Mondale, George H.W, Bush, Bill Clinton, Clinton, George W, wasn’t, John Kerry, scowls, Mitt Romney’s, Joe Biden, Kristen Welker, Chip Somodevilla, ” Axelrod, Romney, we’ve, ” Obama, cringe, Klain Organizations: CNN, Biden, Oval Office, Air Force, Democrat, Trump, White, Republican, Camp, National Archives, Republican National, Democratic, NBC, Belmont University, Getty, Social Security, Camp David Locations: Iowa, Denver, Atlanta, Henderson , Nevada, Cleveland, Camp David , Maryland, Nashville , Tennessee, Las Vegas, Nevada

☆ The stock market is having its best election year ever
▼ + stars: | 2024-06-24 | by ( Nicole Goodkind | Matt Egan | ) edition.cnn.com time to read: +9 min

The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to election years in which the incumbent president is running for reelection, the average jumps to 12.2%. Yes, but: Market volatility in an election year tends to pick up in October and there are many months left in this cycle with potential surprises to come. “An autumn pullback fits well time wise with potential downside earnings revisions, make-or-break decision time for the Fed, and election uncertainty. The first round of the French election will be held on June 30, with a second round on July 7.

Persons: Goldman Sachs —, Ed Clissold, Ned Davis, they’re, It’s, Goldman Sachs ’ Scott Rubner, “, ”, Mark Hackett, Scott Chronert, Goldman Sachs, Joe Biden, Donald Trump, Jim Reid, There’s, Emmanuel Macron, Katie Nixon, Chris Isidore ., they’ve, Samantha Murphy Kelly, ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, — Organizations: London CNN — Traders, Investors, White, Ned, Ned Davis Research, Nasdaq, Citigroup, Goldman, Barclays, Deutsche Bank, UBS, Deutsche, Fed, United, Labour Party, Renaissance, Northern Trust Wealth Management, Alaska Airlines, Alaska —, Southwest —, Southwest, Railway Labor, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC Locations: United States, France, “, Alaska, China

☆ Inside Biden’s Camp David Debate Prep
▼ + stars: | 2024-06-24 | by ( Katie Rogers | ) www.nytimes.com time to read: +1 min

At Camp David, a movie theater and an airplane hangar have been outfitted with lights and production equipment to create a mock debate stage. At least 16 current and former aides, summoned from Washington and Wilmington, whiz back and forth on golf carts to join President Biden in strategy sessions. And Mr. Biden’s top advisers, including Ron Klain, who is managing the debate preparations, are aware of the missteps incumbents have made in the past. In 2012, President Barack Obama flailed in his first re-election debate and had to quickly reorient for the second one. Mr. Trump, an opponent who is adept at extemporaneous insults, skipped the primary debates that could have sharpened his skills.

Persons: Biden, Mr, Donald J, Camp David, Biden’s, Ron Klain, Barack Obama flailed, Trump Organizations: Trump Locations: Washington, Wilmington, Maryland

☆ Goldman Sachs says this beaten-down buy now, pay later stock is primed to rally 40%
▼ + stars: | 2024-06-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Affirm 's best-in-class fundamentals give it a leg up above competitors, according to Goldman Sachs. Analyst Will Nance assumed coverage of the buy now, pay later company with a buy rating. However, Nance expects "strong growth rates to support the company's premium valuation in the intermediate term." These platforms continue to take a significant share of retail spending, which could further boost Affirm's share gains, Nance wrote. Such opportunities include is its new Debit+ card, recently announced partnership with Apple Pay and platform partnerships with Shopify and Amazon.

Persons: Goldman Sachs, Will Nance, Nance Organizations: Apple Locations: Friday's, U.S

☆ Our contributors rewatched the 2020 Biden-Trump debates for clues. Here’s what they predict will happen Thursday
▼ + stars: | 2024-06-24 | by ( Cnn Opinion | ) edition.cnn.com time to read: +27 min

Kate Bedingfield served as White House communications director in the Biden administration and was the deputy campaign manager on Biden’s 2020 presidential campaign. That contentious exchange during the 2020 debate put Biden on the defensive. A President Trump might make their decisions about retirement that much easier. David Urban, a CNN political commentator, served as an adviser to then-President Trump’s 2020 re-election campaign. On Thursday, President Biden needs to do it again.

Persons: isn’t, Joe Biden’s, Donald Trump’s, —, Stephanie Griffith, Scott Jennings, Trump, Donald Trump, Joe Biden, Biden, counterpunched Biden, CNN Trump masterfully, ” Scott Jennings Trump, mightily, George W, Bush, Sen, Mitch McConnell, Sophia A, Nelson Stephanie Honikel, Chris Wallace, Wallace, Trump’s, it’s, Nelson, It’s, Kate Bedingfield, Donald Trump Kate Bedingfield, Shermichael Singleton, Bill Clinton’s, James Carville, “, Democratic Barack Obama, they're, aren’t, “ It’s, David Axelrod, people’s, ” Biden, jibing Trump, ”, Barack Obama, Obama, David Urban, Amy Coney Barrett, Amy Coney Barrett's, Roe, Wade, Ronald Reagan, Bill Clinton, Reagan, Clinton, ” David Urban, Dobbs, Lady Jill Biden, Samuel Alito, Clarence Thomas, Bakari Sellers, Abraham Lincoln, chokeholds, Emmett Till, HBCUs ? Biden, Hilary Krieger Organizations: CNN, White, Biden, Scott Jennings CNN, Trump, Democratic, Republican, RunSwitch Public Relations, Capitol, GOP, Republican Government Reform, White House, NBC, Marist, Fox News, Global, Senate, United, Appeals, Federalist Society, American, United State Supreme Court, National Guard, South Carolina House of, Strom Law, CNN Opinion’s Locations: Cleveland , Ohio, Nashville , Tennessee, New York, Louisville , Kentucky, Charlottesville , Virginia, “, White, Charlottesville, Michigan, Scranton, Claymont, America, United States, Pennsylvania, HBCUs

☆ Presidential debate: The Biden-Trump face-off is anything but a rerun
▼ + stars: | 2024-06-21 | by ( Steve Contorno | Jeff Zeleny | ) edition.cnn.com time to read: +7 min

CNN —The historic rematch between Joe Biden and Donald Trump is anything but a rerun, with their first presidential debate next week set to showcase a vastly different set of issues driving their bitter duel for the White House. It feels like an upside-down lifetime ago since the pair last appeared together on a debate stage. “That’s the thing you’re going to see coming out in this debate: What was the world like under Trump?” Waltz said on CNN. Trump suggested Biden would be “pumped up” for the debate, before insinuating, without any evidence, that the president uses cocaine. Yet this showdown is without parallel as the 45th and 46th presidents seek to define their rival in what is the earliest general election debate in memory.

Persons: Joe Biden, Donald Trump, Trump, Biden, “, Roe, Wade, Mike Waltz, ” Trump, ” Waltz, ”, it’s Trump, “ Trump, Brian Bartlett, Mitt Romney’s, ” Biden, Joe, Jill Biden, Biden’s favorability, Trump –, Brett O’Donnell, ” O’Donnell, Betsy Klein, Kate Sullivan Organizations: CNN, White, Biden, Trump, Democrats, Florida Republican, ”, Trump White House, Copa, ABC, Secret Service, Republican Locations: Atlanta, Wisconsin, Ukraine, Florida, year’s State, Green Bay , Wisconsin

☆ A top VC predicts the industry is heading for a massive and enduring contraction
▼ + stars: | 2024-06-19 | by ( Blake Dodge | ) www.businessinsider.com time to read: +5 min

Venture capital has cyclical fluctuations, but Scott Stanford, a cofounder and partner at ACME Capital, an early-stage VC firm, thinks something more meaningful is underway. In a chart compiled by Stanford and shared with BI, by 1990, there were 300 VC firms overseeing $17 billion in assets. Now, there are 3,000 VC firms overseeing $1.2 trillion. Limited partners (LPs), or investors who put money into venture firms, have other options thanks to higher interest rates, Stanford added. AdvertisementThe ACME Capital team.

Persons: —, EisnerAmper, You've, Scott Stanford, Hany Nada, Stanford, today's, Nada Organizations: Service, Venture, Business, ACME Capital, Stanford, BI, ACME, Tech

☆ What Mitch McConnell's truce with Trump means
▼ + stars: | 2024-06-15 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Read previewFormer President Donald Trump and Senate Minority Leader Mitch McConnell have decided to play nice, again. According to reports at the time and since then, the longest-serving GOP Senate leader came close to voting to convict Trump of inciting the violence. Now, the longest-serving Senate leader in history, McConnell has said he will step down from the role after the election. AdvertisementAmid his pique, Trump pushed Sen. Rick Scott of Florida to challenge McConnell for the right to lead Senate Republicans. "Well, as the Republican leader of the Senate, it should not be a front-page headline that I will support the Republican nominee for president," McConnell said.

Persons: —, Donald Trump, Mitch McConnell, Trump, Kevin McCarthy, McConnell, McCarthy, Alex Burns, Jonathan Martin's, Biden, Sen, Mitt Romney, @realDonaldTrump, Ky, Tim Scott, Doug Mills, There's, Axios, he's, Marjorie Taylor Greene, Elaine Chao, Chao, Joe Biden, Rick Scott of, 5Z2RX4DTbI — Jonathan Swan, Jonathan Swan Organizations: Service, Capitol, Business, America's, Republican, GOP, Politico, National Republican, Democratic, Trump, US, Republicans, Senate GOP, Labor Locations: Trump, Utah, Milwaukee, Ukraine, Israel, Taiwan, Montana and Ohio, Georgia, Rick Scott of Florida

☆ Big Tech’s A.I. Takeover and the Slow Death of Silicon Valley Innovation - The New York Times
▼ + stars: | 2024-06-13 | by ( Mark Lemley | Matt Wansley | ) www.nytimes.com time to read: +1 min

Silicon Valley prides itself on disruption: Start-ups develop new technologies, upend existing markets and overtake incumbents. OpenAI, founded as a nonprofit and counterweight to Google’s dominance, has raised $13 billion from Microsoft. Anthropic, a start-up founded by OpenAI engineers who grew wary of Microsoft’s influence, has raised $4 billion from Amazon and $2 billion from Google. Last week, the news broke that the Federal Trade Commission was investigating Microsoft’s dealings with Inflection AI, a start-up founded by DeepMind engineers who used to work for Google. start-ups and Big Tech give the start-ups the enormous sums of cash and hard-to-source chips they want.

Persons: OpenAI, DeepMind, — Organizations: Google, Microsoft, Amazon, Federal Trade Commission, A.I, Big Tech

☆ Why the far-right surge in European elections could be an omen for Trump
▼ + stars: | 2024-06-11 | by ( Stephen Collinson | ) edition.cnn.com time to read: +5 min

US voters don’t take direction from foreigners, and American presidential elections, which play out state by state, are far different from those for the European Union. Another lesson of the European elections is that in an age of inflation, incumbents are vulnerable to a disgruntled electorate. French President Emmanuel Macron and German Chancellor Olaf Scholz are smarting from their rebuke in European elections that rewarded far-right parties that echo the continent’s dark past. Canadian Prime Minister Justin Trudeau’s low approval ratings mean he might not even lead his Liberal Party into elections due by the end of next year. Macron, who heads a centrist party that was routed in the European elections, may be betting that the higher turnout in legislative elections could reverse the trend.

Persons: CNN —, Donald Trump’s, Hillary Clinton’s, Joe Biden, Trump, Biden, he’ll, Emmanuel Macron, Olaf Scholz, Justin Trudeau’s, Rishi Sunak, Macron, Le Pen, Jordan Bardella, Le Pen’s, ” He’s, ” Organizations: CNN, European Union, Canadian, Liberal Party, British, Conservative, “ Make, GOP, Labour Party, Trump, National Rally, Paris Locations: Britain, Europe, Italy, Poland, Normandy, EU

☆ The E.U. Votes: What We’re Watching For
▼ + stars: | 2024-06-09 | by ( Matina Stevis-Gridneff | Sarah Hurtes | ) www.nytimes.com time to read: +1 min

More than 300 million voters in the 27 countries that make up the European Union are heading to the polls to elect the new European Parliament’s 720 members. The Parliament approves or rejects E.U. It also says yea or nay, by simple majority in a secret ballot, to the appointment of the president of the E.U. In the 2019 election, Ursula von der Leyen, a conservative, came dangerously close to being rejected as the European Commission president, securing the Parliament’s approval by just nine votes. This time, Ms. von Leyen, likely to be designated as president for a second five-year term, could face worse odds.

Persons: Ursula von der Leyen, von Leyen Organizations: Union, European Commission Locations: Ukraine

lost New Delhi Uttar Pradesh Rajasthan Kolkata ODISHA Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman Islands KERALA Seats N.D.A. lost New Delhi Uttar Pradesh Kolkata Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman Islands KERALA Seats N.D.A. Uttar Pradesh Uttar Pradesh 2019 2024 Ghaziabad Ghaziabad Lucknow Lucknow Ayodhya Ayodhya Kanpur Kanpur Varanasi Varanasi Opposition N.D.A. Opposition Other +8 +16 Ghaziabad Lucknow Ayodhya Kanpur Varanasi 2019 Uttar Pradesh Ghaziabad Lucknow Ayodhya Kanpur Varanasi 2024 Uttar Pradesh Margin of victory, in pct. Opposition Other +8 +16 +8 +16 +8 +16 Nagpur Mumbai Pune 2019 maharashtra Nagpur Mumbai Pune 2024 maharashtra Margin of victory, in pct.

Persons: Narendra Modi, Modi, Modi’s, —, N.D.A Organizations: Bharatiya Janata Party, B.J.P, Congress, National Democratic Alliance Locations: India, New Delhi Uttar Pradesh Rajasthan Kolkata, Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman, KERALA, New Delhi Uttar Pradesh Kolkata Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman, New Delhi Uttar Pradesh Kolkata Maharashtra Mumbai ANDHRA PRADESH Bangalore KERALA, Maharashtra, West Bengal, Uttar Pradesh, India’s, Uttar Pradesh Uttar Pradesh, Ghaziabad Lucknow Lucknow Ayodhya Ayodhya, Varanasi Varanasi, Ghaziabad Lucknow Ayodhya Kanpur Varanasi, Ayodhya Kanpur Varanasi, Ayodhya, Mumbai, maharashtra maharashtra, Nagpur Nagpur Mumbai Mumbai Pune Pune, Nagpur Mumbai Pune, maharashtra Nagpur Mumbai Pune, maharashtra, Andhra Pradesh, Kerala, Telangana, Odisha

☆ A wave of AI 'acquihires' is coming. Here's who could be looking for deals.
▼ + stars: | 2024-05-30 | by ( Rebecca Torrence | Riddhi Kanetkar | ) www.businessinsider.com time to read: +8 min

But the tech giant's play underscores the market's demand for tech talent — and venture capitalists expect a wave of "acquihires" to hit the AI ecosystem later this year. M&A dealmaking among AI startups is already off to a strong start this year, with 55 exits recorded in Q1 of 2024, per Crunchbase data. AdvertisementThe majority of AI startups are overpriced, said Konstantin Vinogradov, general partner at Runa Capital. AI startups with revenue in the single-digit millions that raised money at unicorn valuations, Dash said, might not even have that option. Those deals don't make sense for buyers, he said, which could lead Big Tech companies or other AI startups to poach their talent instead.

Persons: —, Inflection's, Ayangar, Konstantin Vinogradov, Somesh Dash, overshadowing, Shmuel Chafets, Sivesh Sivakumar, Shaun Johnson, Naveen Rao, Sivakumar, Johnson, PhotoRoom, Aravind Srinivas, Mike Smeed, Chafets, Dash, they'll Organizations: Service, Microsoft, Business, Investors, Runa, Big Tech, Apple, Target, Ventures, Accenture, Boston Consulting Group, Intuit, Nike, American Express, Safeway, InMotion Ventures, Disney, Netflix Locations: OpenOcean, Snowflake, Databricks

☆ CNBC's Inside India newsletter: Could markets sink even if Modi wins?
▼ + stars: | 2024-05-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Separately, the stock market will also deliver its verdict when markets open on Monday. Nervousness among investors over the results has meant that the India VIX index, the market's so-called fear gauge, has shot up by more than 135% since its April lows. However, some equity strategists point out that even a landslide victory for Modi's BJP could potentially sour the stock market. Meanwhile, Gautam Chhaochharia, head of global markets for India at UBS, said foreign investors are in a "wait and watch mode" ahead of India's election results despite economic fundamentals looking "very, very strong."

Persons: Narendra Modi's, Modi, Bradley Saunders, Saunders, Venugopal Garre, —, Garre, Fitch, SRH, Mark Mobius, Gautam Chhaochharia Organizations: Bloomberg, Getty, BJP, Traders, " Bank of America, Capital Economics, Modi's BJP, —, Reuters, Kolkata Knight Riders, IPL, Sunrisers, Knight Riders, CNBC, UBS Locations: Delhi, India, Kolkata, Sunrisers Hyderabad

☆ Opinion: Credibility is the key at Trump trial
▼ + stars: | 2024-05-19 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

The idea that Cohen talked to Trump about Daniels on that call “was a lie,” Blanche alleged. Moreover, my experience has been that juries don’t decide based upon one moment — they base their judgment on an overall view.”There were allegedly three parties aware of the scheme to conceal the real reason Trump paid Cohen more than $400,000 in supposed legal fees: Trump, Cohen and Allen Weisselberg, then-chief financial officer of the Trump Organization. “Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense,” wrote attorney Stacy Schneider. Trump seems to be tempted to go mano a mano and show that he is better fit to be commander-in-chief. The new requirement for GOP politicians wanting to demonstrate their loyalty to Trump seems to be visiting the Manhattan courthouse where he’s on trial.

Persons: CNN —, ” Mark Twain, “, Twain, ” Michael Cohen, Donald Trump, —, Trump, Stormy Daniels, Todd Blanche, Cohen, Norm Eisen, Blanche, ”, pummeled Cohen, Robert Mueller, Nick Anderson, Agency Cohen, Keith Schiller, Daniels, ” Blanche, ” Eisen, don’t, Allen Weisselberg, Stacy Schneider, Weisselberg, David Zurawik, “ I’ve, Sen, Robert Menendez, He’s, George Santos ., CNN “ It’s, he’s, ‘, Henry Cuellar, ” Cupp, Drew Sheneman, Georgia —, Vladimir Putin’s, Frida Ghitis, ” Ghitis, Joe Biden’s, ” Dana Summers, “ Biden, ” Julian Zelizer, mano, Biden, ” Bill Bramhall, Stephanie Griffith, Howard Tucker, Gayle Fleming, Michael Ventura Gayle Fleming, Biden —, ” Tom Brady’s, Kara Alaimo, Tom Brady “, Kevin Hart, Gisele Bündchen, Brady, Benjamin, Vivian, ’ Brady, ’, Alaimo, Brady didn’t, Nafees Syed, Kamel El Hilali, Andrew Borene, freakout Scott Stantis, Jeff Yang, … ” Brown, Keith Magee, Brown, backpedaling, Forget, Doug Burgum, Scott Jennings, Burgum’s, Bill Bramhall, Content Agency Clarence Thomas Washington, Clarence Thomas ’, Dean Obeidallah, Thomas, Harlan Crow, ” Clay Jones, John Oliver’s, Steve Vladeck, “ Thomas, ” Don’t, Clayton Swope, Dan Perry, Netanyahu, Jill Filipovic, Miss Teen USA Mary Ziegler, Bob Kolasky, Megan L, Ranney, Karen Tang, Halle Berry, Naomi Watts, Jonathan Yeo, King Charles III, Aaron Chown, Holly Thomas, King Organizations: CNN, Trump, Tribune, Agency, Trump Organization, Twitter, Facebook, DC, Robert Menendez of New, GOP, ” Texas, White, Europe, Russia, Kyiv, Biden, ABC, Democratic Party, Netflix, Garden State, Content Agency, Capitol, Consumer Financial, Board, Fifth Circuit, ICC, Miss USA, Miss Teen USA, Buckingham Palace, Royal Locations: New York, Robert Menendez of, Robert Menendez of New Jersey, Russian, Ukraine, Slovakia, Georgia, Soviet Republic, United States, Cleveland, “, Manhattan, North, . North Dakota, ” That’s, Louisiana , Mississippi, Texas, Florida’s, Buckingham

☆ Analysis: Why Republicans are likely to win the Senate this year
▼ + stars: | 2024-05-18 | by ( Harry Enten | ) edition.cnn.com time to read: +6 min

Senate Democrats (including independents who caucus with them) hold 23 seats up for election this year; Republicans hold 11. Positive signs for DemocratsBut is the race for the Senate really over if Republicans just win West Virginia? Democratic Senate candidates seem to be at least tied or ahead in Arizona, Michigan, Montana, Nevada, Ohio, Pennsylvania and Wisconsin. Of course, Democratic Senate candidates outrunning the top of the ticket is nothing new. For Democrats to have any chance of holding the Senate, Republicans would have to lose all these Senate races.

Persons: we’ve, Donald Trump, Trump, Democratic Sen, Joe Manchin, Simone Pathe, it’s, we’re, Joe Biden, Biden, Sens, Bob Casey of Pennsylvania, Tammy Baldwin, Kari Lake, Lake, Nevada’s, Missouri’s Todd Akin, Mehmet Oz, Mark Kelly, Larry Hogan, I’m, ” Organizations: CNN, White, Senate, Republicans, Democratic, Republican, Republican Senate, Democrats, Florida, GOP, West Virginia, New York Times, Siena College, Biden Locations: nonjudicial, West Virginia, Texas, West, Arizona , Michigan, Montana , Nevada , Ohio, Pennsylvania, Wisconsin, Arizona, Nevada , Pennsylvania, Senate, Maine, Arizona , Nevada , Montana and Ohio, Montana, Ohio, Michigan , Pennsylvania, Maryland –

☆ Robots and AI are being used to help women get pregnant. Is this the future of IVF?
▼ + stars: | 2024-05-18 | by ( Blake Dodge | ) www.businessinsider.com time to read: +21 min

There, a startup called Conceivable Life Sciences is automating the IVF lab from start to finish. Conceivable Life SciencesEleven women so far have become pregnant with help from one or more of these Conceivable robots. Conceivable Life Sciences"No baby, no fee"Today, IVF demand is surging, despite the treatment being slow, uncertain, and expensive. Conceivable's future IVF lab. Conceivable Life SciencesFrom prayer to AIHalf a continent away, a physician was growing frustrated by the constraints of his job.

Persons: —, robotically, embryologist Jacques Cohen, Cohen, Joshua Abram, Conceivable's, Abram, Lora Shahine, Emma wasn't, Emma, Alan Murray, Murray, — embryologists, that's, Alejandro Chávez, Badiola, REI, didn't, Conceivable's cofounders, Dr, REIs, What's, Langham, Conceivable's cofounders tinker, Tesla, Brian Bixon, Gerardo Mendizabal, Ruiz, Bixon, Carla Patricia Barragan Álvarez, OBGYNs, aren't, Eduardo Hariton, Hariton Organizations: Service, Business, Sciences, BI, New York City, pipettes, Life Sciences, San, Langham Hotel, Quest Diagnostics Locations: Guadalajara, Mexico, New York, Seattle, pipettes, Petri, San Francisco, London, Abram, Mexico City

☆ Amazon's appearance at Upfronts highlights push beyond digital ads and into traditional media
▼ + stars: | 2024-05-15 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

But it's no longer just about digital ad dollars, and Amazon's inaugural presence at this year's Upfronts events is the clearest indication that the e-commerce giant is prepared to take on traditional media. Amazon's Prime Video and other streamers would historically be featured at Newfronts, which is digital media's take on Upfronts. This year, they're projected to spend roughly $18.8 billion on traditional TV ads during Upfronts, an increase of 1% from a year earlier, according to eMarketer. 1 question all of you asked was, 'When are you going to show ads on Prime Video?'" He showed how the business has evolved to include digital video ads on Prime Video.

Persons: they're, Cowen, Alan Moss, we've, Reese Witherspoon, Jake Gyllenhaal, Paul Kotas, We've, Kotas, we're, — CNBC's Lillian Rizzo, Alex Sherman Organizations: Meta, Google, Amazon, Disney, Comcast, Netflix, Google's YouTube, Prime, Revenue, National Football League, CNBC Locations: Amazon, U.S

☆ Opinion: Why Biden’s eager to debate Trump
▼ + stars: | 2024-05-15 | by ( Julian Zelizer | ) edition.cnn.com time to read: +7 min

CNN —President Joe Biden and former President Donald Trump have both accepted an invitation from CNN to debate on June 27, nearly four years since they last clashed onstage. As you said: anywhere, anytime, any place.” Trump later told CNN’s Kaitlan Collins he also accepted. One of the biggest changes that took place in campaigns was who determined the structure. Join us on Twitter and FacebookNext month, President Biden will have an opportunity to demonstrate that concerns about his age are misplaced. Former President Trump will have a chance to prove that he has some kind of compelling vision for the country beyond his desire to take down his opponents and the establishment.

Persons: Julian Zelizer, ”, Joe Biden, Donald Trump, Biden, “ I’ve, Donald, ” Trump, CNN’s Kaitlan Collins, Trump, mano, John Kennedy, Richard Nixon, Gerald Ford, Jimmy Carter, Ford, Ronald Reagan, Walter Mondale, George H.W, Bush, Bill Clinton, Ross Perot, Hillary Clinton, White supremacists, Robert F, Kennedy Jr, hasn’t Organizations: CNN, Princeton University, Twitter, ABC, Republican, Fox News, Democratic Party, Trump, Biden, Commission, Georgia Gov, Arkansas Gov, League of Women Voters Locations: @CNN, JFK’s, Soviet Union, Eastern Europe, “

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