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Sheryl Sandberg, who helped to transform Facebook from a tech startup into a digital advertising empire, will step down from the board of Meta, Facebook's parent company. She had served as COO of Facebook, and then Meta, for 14 and a half years and as a board member for 12 years. Last year Sandberg announced that she was launching a girls leadership program through her foundation to respond to what she calls stubborn gender inequities. The girls leadership program includes a middle-school curriculum as well as resources for adults. Lean In is a project of the Sandberg Goldberg Bernthal Family Foundation, the private foundation Sandberg started with her late husband, Dave Goldberg.
Persons: Sheryl Sandberg, ” Sandberg, Sandberg, Mark Zuckerberg, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, Sandberg Goldberg, Dave Goldberg Organizations: Facebook, Meta, Google, Mark's, Foundation
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 will be a stock pickers market, says FirstMark's Rick HeitzmannRick Heitzmann, FirstMark Capital partner, joins 'Closing Bell' to discuss what he needs to see from the Magnificent 7 before he expects a reshuffling of the stocks.
Persons: Rick Heitzmann Rick Heitzmann Organizations: FirstMark
Sheryl Sandberg says she's leaving Meta's board
  + stars: | 2024-01-17 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +4 min
Former Meta operating chief Sheryl Sandberg is leaving the company's board of directors. "With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May," Sandberg wrote in a Facebook post on Wednesday. Sandberg, 54, joined Facebook in 2008 as Mark Zuckerberg's top deputy after spending about seven years at Google. Since leaving Meta, Sandberg has dedicated much of her time on her LeanIn.org nonprofit, which focuses on empowering women tin the workplace, and related projects. "Thank you Sheryl for the extraordinary contributions you have made to our company and community over the years," Zuckerberg wrote.
Persons: Sheryl Sandberg, Sandberg, Mark Zuckerberg's, Javier Olivan, We've, Sandberg's, Zuckerberg, Sheryl, Adam Bosworth, Peggy Alford, Marc Andreessen, Drew Houston, Nancy Killefer, Robert M, Tony Xu, Tracey T, Travis, Estée Lauder, Here's, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, Mark Organizations: Meta, Facebook, Google, CNBC, McKinsey & Company, Estée Locations: U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharles Schwab one of the most attractive bank stocks despite near-term headwinds: Oakmark's FitchAlex Fitch, Oakmark Funds portfolio manager, joins 'Fast Money' to explain why Charles Schwab is still one of his top picks in banking sector.
Persons: Charles Schwab, Oakmark's Fitch Alex Fitch Organizations: Oakmark
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe newly-crowned Queen Mary of Denmark has been a public figure since she married Prince Frederik in 2004. This story is available exclusively to Business Insider subscribers. It's typical for Mary to wear formal attire, such as the white belted gown and sash she wore to her husband's accession to the throne as King Frederik X on Sunday. These photos show how Mary's style has evolved since joining the Danish royal family.
Persons: , Queen Mary of, Prince Frederik, Mary, King Frederik X, didn't, Mary Donaldson, Frederick Organizations: Service, Business, Financial Times, Danish Locations: Queen Mary of Denmark, Tasmania, Australia, Sydney
Queen Margrethe of Denmark abdicated on Sunday, passing the throne to her son King Frederik X. The queen worked as an artist and costume designer during her reign. AdvertisementDenmark's Queen Margrethe abdicated on Sunday after 52 years on the throne. The former monarch, 83, announced her intention to pass the throne to her eldest son, King Frederik X, during her annual New Year's Eve speech. Margrethe was crowned in 1972 at the age of 31 following the death of her father, King Frederik IX.
Persons: Queen Margrethe of Denmark, King Frederik X, , Margrethe, King Frederik IX, Caroline Leaper Organizations: Service Locations: Danish
Denmark's King Frederik X ascended the throne on Sunday, succeeding his mother, Queen Margrethe II, who formally abdicated after 52 years as monarch, with big crowds gathered in the capital to witness history. The new king was later proclaimed by Prime Minister Mette Frederiksen on the balcony of the parliament, Christiansborg castle, with the words "Long live King Frederik the 10th." It is a task I take on with pride, respect and joy," Frederik said in his first speech as king from the balcony overlooking large crowds of cheerful people. The new king and queen later rode by horse carriage through packed crowds in the streets of Copenhagen back to their residence, Amalienborg, a royal complex built in the 1750s and located in central Copenhagen. The new king and queen take the throne at a time of huge public support and enthusiasm for the monarchy.
Persons: Denmark's King Frederik X, Queen Margrethe II, Margrethe, Mette Frederiksen, King Frederik the, Frederik, Mary, Princess Isabelle, Princess Josephine, Prince Vincent, Kasper Wiigh Larsen, Danes Organizations: of State Locations: Danish, Denmark, Christiansborg, Copenhagen, Amalienborg
On Saturday, HM King Frederik X began his reign as Denmark's monarch and head of state. AdvertisementOn Saturday, Denmark proclaimed Crown Prince Frederik, their new king. His mother, Queen Margrethe II, had announced in a surprise New Year's message that after reigning for 52 years as monarch, she would abdicate the throne. I will hand over the throne to my son, Crown Prince Frederik," Margrethe said. The 55-year-old Crown Prince becomes His Majesty King Frederik X and Head of State of Denmark.
Persons: HM King Frederik X, Margrethe II, , Crown Prince Frederik, Queen Margrethe II, Queen of, Margrethe, King Charles, Frederik, Mette Frederiksen, Prince, King Frederik X Organizations: HM, Service, Crown, Denmark's, State Locations: Denmark, Queen of Denmark, Europe, Danish, Christiansborg, Copenhagen, State of Denmark
Denmark's Queen Margrethe II officially abdicated on Sunday after 52 years on the throne. His new title is King Frederik X.Margrethe — who ruled for 52 years — announced she was stepping down on New Year's Eve. Queen Margrethe II and her son Frederik X at the signing of the instrument of abdication at the Christiansborg Palace. After signing the declaration of abdication Queen Margrethe II of Denmark (C-R) leaves the seat at the head of the table to her son King Frederik X of Denmark. Advertisement"My Mother, Her Majesty Queen Margrethe II has ruled Denmark for 52 years," he said.
Persons: Margrethe II, Crown Prince Frederik, King Frederik X, Margrethe —, , Margrethe II of, Margrethe, Europe's, Queen Elizabeth II, Queen Margrethe II, Frederik X, Mads Claus Rasmussen, Ritzau Scanpix, Frederik, Prince Frederik, Federick, Mette Frederiksen, Queen Margrethe II of Denmark, King Frederik X of Denmark, King Frederik X's, Christian, Crown Prince Christian, Queen Margrethe, Martin Sylvest Andersen, Princess Mary, Queen Mary, Princess Isabella, Prince Vincent, Princess Josephine, Samir Hussein, King Frederik IX, Nikolai Linares, King Erik Organizations: Service, AFP, Sunday, Associated Press, Crown Prince, AP Locations: Margrethe II of Denmark, Christiansborg, Copenhagen, Danish, Christiansborg Palace, Denmark, Kingdom of Denmark
Around 2 p.m. (1300 GMT), Queen Margrethe II will sign her abdication and about an hour later her eldest son will be proclaimed King Frederik X on the balcony of Christiansborg Palace in the heart of the Danish capital. Margrethe, 83, will become the first Danish monarch to voluntarily relinquish the throne in nearly 900 years. Margrethe had informed Frederik and his younger brother Joachim just three days earlier, the Berlingske newspaper wrote, citing the royal palace. Margrethe is abdicating 52 years on the day after she ascended the throne following the death of her father, King Frederik IX. In the late afternoon, Copenhagen’s Tivoli Gardens amusement park plans to celebrate the new king and queen with the biggest fireworks show in the park’s 180-year history.
Persons: Queen Margrethe, King Frederik X, Frederik, Denmark's, Margrethe, didn’t, Mette Frederiksen, Joachim, Thomas Larsen, King Erik III Lam, King Frederik IX, Gorm the, Danes, Queen Mary, Mary’s, Christian, Mary Organizations: Danish, Court, Royal Stables Locations: COPENHAGEN, Denmark, Copenhagen, Christiansborg, Margrethe, Danish, Europe, Australian, Amalienborg
CNN —He’s been known as the Crown Prince of Denmark since the age of three, but on Sunday, he will leave Copenhagen’s Christiansborg Palace as King Frederik X, sovereign of Europe’s oldest monarchy. Denmark's Crown Prince Frederik will take over from his mother, Queen Margrethe II, when she formally steps down as monarch on Sunday. His forename was chosen in line with the Danish royal custom of the heir apparent being named either Frederik or Christian. Crown Prince Frederik began his military education in 1986 in the Queen's Life Guard Regiment. “Crown Prince Frederik is a much more informal person than his mother,” said historian Lars Hovbakke Sørensen.
Persons: CNN — He’s, Prince of, King Frederik X, Queen Margrethe II, Danes, Margrethe, Britain’s Queen Elizabeth II, Denmark’s, Prince Frederik, Hasse Nielsen, , ” Birgitte Borup, Berlingske, “ Queen Margrethe, Borup, Frederik, , Frederik André Henrik Christian, Prince Henrik, Christian, Prince Joachim, Joergen Jessen, Ritzau Scanpix, Frederik Henriksen –, Frederik –, , “ Pingo, Ida Marie Odgaard, King Charles III, Lars Hovbakke Sørensen, Trine Villemann, ” Chance, Mary Elizabeth Donaldson, Mary didn’t, Mary, VII's, Queen, , John Donaldson, Susan Moody, Ian Waldie, Isabella, Vincent, Josephine, Queen Margrethe, Villemann, Frederik ”, Princess, Wales, she’s Organizations: CNN’s Royal, CNN, Life Guard Regiment, Getty, Aarhus University, Harvard, UN, Danish, Frogman Corps, International Olympic, Copenhagen Cathedral Locations: Prince of Denmark, Copenhagen’s, Europe’s, Danish, Copenhagen, Normandy, France, AFP, Paris, New York, Greenland, Denmark, Faroe Islands, , Sydney, Australia
Denmark Awaits New King, as Queen Margrethe to Bow Out
  + stars: | 2024-01-13 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +3 min
People from all over Denmark are expected to crowd Copenhagen in a sign of the huge popularity the monarchy is enjoying. "It could be that she thinks Prince Frederik is prepared to take over now," said Lars Hovbakke Sorensen, a historian and associate professor at University College Absalon in Denmark. "He's 55, and maybe the queen wanted to avoid a situation where you would have a very, very old king, as you saw with Prince Charles." The British king was 73 when he ascended the throne after his mother Queen Elizabeth died in September 2022 aged 96. The new Danish royal couple will take the throne at a time of huge public support and enthusiasm for the monarchy.
Persons: Stine Jacobsen, Johannes Birkebaek COPENHAGEN, Margrethe II, Denmark's, Frederik, Danes, Margrethe, It's, Anna Karina Laursen, Hans Christian Andersen, Mary, Royce, Christian, Mette Frederiksen, Klaus Johansen, Prince Frederik, Lars Hovbakke Sorensen, Prince Charles ., Queen Elizabeth, Johannes Birkebaek, Jacob Gronholt, Pedersen, Frances Kerry Organizations: of State, Reuters, ROYAL POWER, University College Absalon, Danish Locations: Copenhagen, Danish, Denmark, Britain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCybersecurity crises create opportunity for emerging social media companies: FirstMark's HeitzmannRick Heitzmann, FirstMark Capital founder & partner, joins 'Fast Money' to talk the SEC saying its X account was compromised, security concerns in the online space, the state of AI and more.
Persons: FirstMark's, Rick Heitzmann Organizations: FirstMark Capital, SEC
That said, this café apparently sold the highest-priced Starbucks menu item globally in 2022. You might ask yourself: What luxurious, decadent, brightly colored, hyper-flavorful, blended monstrosity could be the most expensive Starbucks menu item in the world? AdvertisementBehold, the most expensive Starbucks menu drink worldwide as of 2022! The study found the world's second-most expensive Starbucks menu item was Denmark's chocolate-cream Frappuccino, which sounds unique and interesting. I also splurged on cold brew and found it to be inconsistentI tasted the cold brew black, then added oat milk the way I like it.
Persons: , Morgan McFall, Johnsen, CashNetUSA, It's Organizations: Service, Business, Zurich Starbucks Locations: Switzerland, Europe, Zurich
AdvertisementIn October 2023, Claire Christensen gave birth to her first child in Copenhagen, Denmark, before checking into a "maternity hotel." The hotel — located in Hvidovre Hospital's maternity ward — allows mothers and their new baby to stay overnight for up to 48 hours after giving birth at no cost, a hospital spokesperson told Business Insider. New mothers in the UK are usually sent home between six and 24 hours after giving birth if they don't require additional care, according to NHS Inform. "Obviously, I was a bit nervous about giving birth in a different country, and I'm not fully fluent yet," she added. After giving birth, Christensen said she and her husband spent two nights and three days in a private room, which had two beds, a crib, and an en-suite shower and bathroom.
Persons: , Claire Christensen, Claire Christensen Christensen, Christensen, Margot, " Christensen, wouldn't, I'm Organizations: Service, Danish Health Authority, Hvidovre, BI, Bradford, Hvidovre Hospital, Health Locations: Denmark, Copenhagen, Hvidovre, England, Bradford, London
Even 2022, when the S & P 500 fell more than 19%, saw bigger inflows. These investors missed out with the S & P 500 ending the year with a 9-week winning streak to bring the benchmark's return for 2023 to 24%. .SPX 1Y mountain S & P 500, 1 year The S & P 500 fell to start the trading year on Tuesday and was indicated to fall slightly again on Wednesday. January is typically the strongest month of year for equity inflows anyway, Goldman notes. If investors allocate the typical percentage to stocks they do every January, this month could see $60 billion of inflows.
Persons: Goldman Sachs, Goldman, Scott Rubner, Rubner, Michael Bloom Organizations: Global
Pleo appoints new CFO as it looks to get in shape for IPO
  + stars: | 2023-12-13 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
Danish fintech firm Pleo has appointed a new chief financial officer, the company told CNBC exclusively, beefing up its executive team — a sign the company is readying itself for an eventual initial public offering. Most notably, Lonning had experience as CFO at Danish food enzyme maker Chr Hansen. Chr Hansen, which is listed on the Danish stock exchange, is one of Denmark's most valuable publicly listed firms, with a market cap of more than $10 billion. The European Union recently approved a $22 billion merger between Chr Hansen and competitor Novozymes. That's a dilemma for companies, but even more so for the lifestyle of Pleo and tech companies."
Persons: Pleo, Soren Westh Lonning, Chr Hansen, Lonning, Novozymes Organizations: CNBC, Danish bioscience, WS Audiology, Danish, European Union
Denmark's Saxo Bank published its annual list of outrageous predictions Tuesday. They flagged risks including an AI deepfake security crisis and Robert F. Kennedy Jr. winning the US presidential election. Headlining the bank's predictions this year are Robert F. Kennedy Jr. winning the 2024 presidential election and the rise of generative AI sparking a national security crisis in the US. Meanwhile, Saxo sees a high-profile government official getting tricked by AI deepfake technology, triggering a national security crisis. "Outrageous predictions are a deliberate effort to push the boundaries of market participants' imaginations and prepare them for any eventuality," Saxo added.
Persons: Robert F, Kennedy Jr, , Saxo, , Joe Biden, Donald Trump, John Hardy, Hardy, Peter Garnry Organizations: Denmark's Saxo Bank, Service, RFK, Big Tech, New York Times, EU Locations: Wall, Silicon, FiveThirtyEight
Danish dockworkers join Swedish strike action against Tesla
  + stars: | 2023-12-05 | by ( ) www.reuters.com   time to read: +1 min
A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Johan Nilsson/TT News Agency/via REUTERS/File Photo Acquire Licensing RightsHELSINKI, Dec 5 (Reuters) - Denmark's 3F labour union said on Tuesday it will support Swedish mechanics in their strike action against Tesla (TSLA.O), and will refuse to unload or transport cars made by the U.S. auto company for customers in Sweden. "Like the companies, the trade union movement is global in the fight to protect workers," 3F Chair Jan Villadsen said in a statement, adding that Sweden's IF Metall union had asked 3F to help. The strike by Danish dockworkers and lorry drivers only affects cars that are meant for the Swedish market, the union said. Swedish labour groups have been taking industrial action against Tesla since October in a bid to force the car manufacturer to sign collective bargaining agreements with mechanics.
Persons: Johan Nilsson, Jan Villadsen, Tesla, Essi Lehto, Terje Solsvik Organizations: TT, Agency, Rights, U.S, IF Metall, Thomson Locations: Malacca, Malmo, Sweden, Swedish, Danish
JPMorgan head of technical strategy Jason Hunter said the S & P 500 in 2024 is in for a stark reversal back toward its bear lows. "Stocks should pull back, [and] in my base case on the technical side, the S & P 500 is gonna drop to 3,500," Hunter told CNBC's " Squawk Box " on Monday. Hunter pinned his bearish outlook for the S & P 500 to a looming recession risk that could come to fruition despite a soft landing and hinder stock prices as a result. .SPX YTD mountain The S & P 500 has ticked up roughly 20% from the start of the year. Hunter's forecast is in stark contrast with more recent market moves, which saw the S & P 500 reach its highest close for the year on Friday.
Persons: Jason Hunter, Hunter, CNBC's, it's Organizations: Federal Reserve
According to data firm Preqin, only one emerging markets greenfield renewables fund has raised more than Copenhagen wants to amass, although the 2014 $3.26 billion Guangzhou City Development Industry Fund is focused on China. While a deal to phase out fossil fuels has been hard to agree, more than 60 countries have backed a global agreement to triple renewable energy this decade. The growth in demand for electricity is enormous," he told Reuters, adding that renewable energy was often the cheapest energy source. Founded in 2012, Denmark's Copenhagen manages 26 billion euros ($28.3 billion) of assets and runs 12 funds. Recent development projects include an offshore wind farm in Bangladesh and the first 100% foreign-owned offshore wind energy schemes in the Philippines.
Persons: Niels Holst, Holst, Simon Jessop, Tommy Reggiori Wilkes, Jan Harvey Organizations: Copenhagen Infrastructure Partners, Reuters, Guangzhou City Development Industry Fund, Denmark's, Thomson Locations: DUBAI, Copenhagen, China, Dubai, Britain, Denmark's Copenhagen, Bangladesh, Philippines, Asia, Pacific, America
ARLINGTON, Texas (AP) — Big 12 Commissioner Brett Yormark said his still-evolving conference remains committed to having a championship game even as the College Football Playoff expands from four to 12 teams after this season. “I know there’s been a lot of discussion amongst the commissioners about what that might look like, but as it relates to the Big 12, we love this game. 19 Oklahoma State at the home of NFL's Dallas Cowboys, where it has a contract to play its championship game through 2031. Some Longhorns fans booed and chanted at Yormark when he was walking off the field into a tunnel before the Big 12 championship game. Yormark said the partnership is a differentiator for the Big 12 because of the wrestling organization's 150 million social media followers.
Persons: Brett Yormark, I’m, ” Yormark, Yormark, , I’ve, there’s, Joey McGuire, Nelly Organizations: College, Oklahoma State, NFL's Dallas Cowboys, Southeastern Conference, Longhorns, Texas Tech, Red Raiders, Texas, Big, WWE, Jay, AP Locations: ARLINGTON , Texas, Texas, Oklahoma, Arizona, Arizona State , Colorado, Utah, Austin, New
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The personal consumption expenditures price index, excluding food and energy prices, rose 0.2% for the month and 3.5% on a year-over-year basis, the Commerce Department reported. Headline inflation was flat on the month and at a 3% rate for the 12-month period, the release also showed. Energy prices fell 2.6% on the month, helping keep overall inflation in check, though food prices rose 0.2%.
Persons: Dow, Dow Jones, Nelson Peltz, Ike Perlmutter, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza Organizations: CNBC, Dow Jones Industrial, Nasdaq, Big Tech, Federal Reserve, Commerce Department, Energy, of, Petroleum, OPEC, Disney, Marvel, Sky, Peltz, United Arab Locations: OPEC, Saudi Arabia, Brazil, COP28, United Arab Emirates, COP27, Egypt
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Clearer brand messagingNew Gap CEO Richard Dickson said the apparel firm's products had got "lost in the message" in its discount-heavy online communication. [PRO] Top holiday pickThe Dow is nearing a major milestone — and certain members may lead the blue-chip average over the finish line. CNBC Pro screened for the Dow members with the largest upsides to average price targets among Wall Street analysts.
Persons: Korea's Kospi, Hong, Nelson Peltz, Ike Perlmutter, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza, Josh Kushner's, Richard Dickson, Dickson, Dow Organizations: CNBC, Nikkei, underperform, Dow Jones Industrial, Disney, Marvel, Sky, Peltz, CNBC Pro, Dow, Wall Street Locations: Asia, Pacific, underperform Asia
The assessment could become politically divisive as it sets the stage for the next few years of global action in cutting planet-warming emissions. Based on the results, countries may be pressed to set more ambitious climate policies or to contribute more financing to help developing countries adopt clean energy. In September, the United Nations offered an early stocktake assessment that revealed countries were far behind in meeting climate goals. HOW WILL THE STOCKTAKE DRIVE CLIMATE ACTION? What then needs to be decided... what do we then do from here," Dan Jorgensen, Denmark's Global Climate Policy Minister, told Reuters.
Persons: Alex Flores, Claudia Morales, Dan Jorgensen, Kate Abnett, Katy Daigle, Josie Kao Organizations: REUTERS, Rights, United Nations, European Union, Policy, Reuters, Thomson Locations: Lake Titicaca, Bolivia, Rights DUBAI, Dubai, Paris
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