DIRS.INFO The most relevant business & tech news

☆ CNN CEO Chris Licht steps down
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNN CEO Chris Licht steps downCNBC's David Faber and Jim Cramer reports on the latest news.

Persons: Chris Licht, CNBC's David Faber, Jim Cramer

☆ PGA-LIV merger to lift golf to 'new heights,' benefiting these two stocks, Jefferies says
▼ + stars: | 2023-06-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The surprise merger announcement between the PGA Tour and the Saudi Arabia-backed LIV Golf league sent shockwaves through the sports world on Tuesday and could have big implications for two golf stocks, according to Jefferies. As part of the deal, the Saudi Public Investment Fund, or PIF, is prepared to invest billions in the new golf league, CNBC's David Faber reported Tuesday. Jefferies analyst Randal Konik said in a note to clients Tuesday that the combined league and additional cash should boost golf's growth. "We believe that this unexpected agreement holds immense potential to elevate the sport of golf to new heights. Jefferies highlighted both stocks as potential beneficiaries of the deal, but said Topgolf Callaway has more "asymmetric upside potential."

Persons: LIV, shockwaves, Jefferies, CNBC's David Faber, Randal Konik, Konik, Topgolf Callaway, Michael Bloom Organizations: PGA Tour, LIV Golf, Saudi Public Investment Fund, Callaway Brands, Acushnet Holdings Locations: Saudi Arabia, PIF, Titleist

☆ Here’s how PGA Tour agreed to merge with Saudi-backed rival LIV Golf
▼ + stars: | 2023-06-06 | 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 EmailHere’s how PGA Tour agreed to merge with Saudi-backed rival LIV GolfCNBC's David Faber sits down with PGA Tour Commissioner Jay Monahan and Yasir Al Rumayyan, governor of the Saudi Public Investment Fund (PIF), to break down how two golfing entities come in agreement to merge, to form a new, yet-to-be-named for-profit company.

Persons: LIV Golf, David Faber, Jay Monahan, Yasir Al Rumayyan Organizations: PGA, Saudi Public Investment Fund Locations: Saudi

☆ PGA Tour agrees to merge with Saudi-backed rival LIV Golf
▼ + stars: | 2023-06-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +13 min

The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise. With LIV Golf in the midst of its second, groundbreaking season, the PGA TOUR, DP World Tour and PIF will work together to best feature and grow team golf going forward. PIF will initially be the exclusive investor in the new entity, alongside the PGA TOUR, LIV Golf and the DP World Tour. Separately, PGA TOUR Inc. will remain in place as a 501(c)(6) tax exempt organization and retains administrative oversight of events for those assets contributed by the PGA TOUR, including the sanctioning of events, the administration of the competition and rules, as well as all other "inside the ropes" responsibilities, with Jay Monahan as Commissioner and Ed Herlihy as PGA TOUR Policy Board Chairman. The DP World Tour and LIV Golf will retain similar administrative oversight of events on their respective Tours.

Persons: LIV, LIV didn't, Yasir Al, Rumayyan, Jay Monahan, PIF, CNBC'S David Faber, LIV Golf, Brooks Koepka, Phil Mickelson, Bubba Watson, Monahan, Team Captain Brooks Koepka, Ricky Elliott, Osama Bin Laden, Donald Trump, nobody's, Trump, CNBC's David Faber, Jessica Golden, Kevin Durant, James Pitaro, LIV –, we've, Jay, Keith, Ed Herlihy, Herlihy, Jimmy Dunne, Keith Pelley Organizations: Nexstar, Nexstar Media Group, CW Network, CW, Wrestling, Endeavor Group, PGA Tour, CNBC, Saudi Arabia Public Investment Fund, PGA, European PGA, U.S, Team, Royal Greens, & Country Club, King Abdullah Economic, Saudi, CBS Sports, LIV, ESPN, Public Investment Fund, Al, Rumayyan, Strategic Alliance Locations: U.S, Saudi, Jeddah, King Abdullah, King Abdullah Economic City, Saudi Arabia, Los Angeles, RIYADH, PONTE, BEACH , Florida

☆ Barack Obama shares his No. 1 piece of advice for his own daughters: Don't let your hunger for success ruin your happiness
▼ + stars: | 2023-06-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

"What you want is a balance," Obama told LinkedIn News' "This Is Working" podcast on Thursday. His advice for his two daughters, both of whom are in their 20s: Don't let your hunger for success keep you from enjoying life. "When I was your age, I didn't believe in vacations. I didn't believe in weekends. DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: It'll, Barack Obama, Obama, Bill Gates, Gates, Elon Musk, CNBC's David Faber, I've, Musk, Kelly Evans Organizations: Microsoft, Northern Arizona University, Tesla

☆ 6 photos of Elon Musk's visit to China, from a 16-course dinner to meetings with Chinese officials
▼ + stars: | 2023-05-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Photos from the visit show Musk's private jet landing and the Tesla CEO's 16-course meal. Elon Musk touched down in China for the first time in three years on Tuesday — a key trip for the Tesla chief. Musk met with Chinese Foreign Minister Qin Gang. Musk is one of several US CEOs to visit China in recent months. Some analysts have hailed Musk's visit to China as a positive sign.

Persons: Elon Musk, Musk, Elon, Tingshu Wang, Ma, Jack Ma, Tom Zhu, Grace Tao, Qin Gang, Qin, he's, Zeng Yuqun, Fu Yan, Jin Zhuanglong, Tesla, CNBC's David Faber, Li Keqiang, Li Qiang, Dan Ives Organizations: Morning, Tesla, Twitter, REUTERS, Reuters, Tesla's, Beijing REUTERS, Chinese Ministry of Commerce, Foreign, China's Ministry of Foreign Affairs, Amperex Technology, Weibo, Associated Press, Apple, Getty Locations: China, Beijing, Austin , Texas, Anchorage , Alaska, People's Republic of China, Shanghai

☆ Elon Musk said Tesla would finally advertise. It just dropped a video on Twitter — is this its first commercial?
▼ + stars: | 2023-05-22 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk said last week that the company will begin advertising for the first time in its history. The electric carmaker rolled out a 2-minute Twitter video on its Tesla Asia account called "Drive to believe." Last week, Musk called the Tesla promotions on Twitter "preaching to the choir." Musk told CNBC's David Faber later that day that he'd only just made the decision at the event. Musk told CNBC that he hopes to use ads to combat what he said was misinformation about the brand's pricing, as well as promote its safety features.

☆ AI could hit children 'like a freight train' warns the boss of a children's non-profit advocacy
▼ + stars: | 2023-05-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

AI technology going to be a "huge issue" in kids' lives, the boss of a children's non-profit advocacy told CNN. Jim Steyer told the network that AI will transform education for children. Parents need to get comfortable with AI platforms to manage their use in their kids' lives. "ChatGPT and AI is coming down the tracks like a freight train. It's going to be a huge issue in our kids' lives," Steyer told CNN on May 10.

☆ China-Taiwan tensions could grip 2024 election as top business leaders sound alarms
▼ + stars: | 2023-05-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +12 min

China's policy regarding Taiwan, the world's leader in the semiconductor industry, could end up making it an even bigger focus. The cross-strait strife has already provoked commentary from some top contenders in the Republican presidential primary race who have stressed the need to deter a possible Chinese invasion invasion of the island. But I think ultimately what I think China respects is strength," DeSantis said. 'Like trying to separate conjoined twins'But the political will to defend Taiwan in a Chinese invasion may clash with economic forces. Some CEOs of America's biggest banks have said they would pull their business from China if directed to do so following an invasion of Taiwan.

☆ CNBC's David Faber throws out first pitch at Citi Field
▼ + stars: | 2023-05-19 | by ( David Faber | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's David Faber throws out first pitch at Citi FieldCNBC's 'Squawk on the Street' crew react to David Faber throwing out the first pitch before Thursday's New York Mets game at Citi Field.

☆ The clock is ticking for companies to speak clearly like Musk about China's Taiwan policy
▼ + stars: | 2023-05-18 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

Elon Musk spoke this week on a topic few CEOs want to weigh in on publicly: China's intentions to ultimately integrate Taiwan as part of the People's Republic of China. "The official policy of China is that Taiwan should be integrated. And he added, "the situation is actually a lot worse for a lot of other companies than Tesla. "I don't think it's imminent but I do think companies should heed what he [Musk] says." The U.S. government policy remains to not take an official position on Taiwan as an independent and sovereign state.

☆ Elon Musk says he's upped his sleep to 6 hours per night—and that his old routine hurt his brain
▼ + stars: | 2023-05-18 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Elon Musk says his days of trying to sleep less and work more are over — at least, relatively speaking. "And the brain pain level is bad if I get less than six hours [of sleep per night]." Now he gets at least seven hours of sleep, he wrote in a 2019 blog post. Musk often works seven days per week and only takes "two or three" truly workless vacation days per year, he said on Tuesday. "I work seven days a week, but I'm not expecting others to do that."

☆ Elon Musk misquoted 'The Princess Bride' when asked why he keeps tweeting political opinions and antisemitic conspiracy theories: 'If we lose money, so be it'
▼ + stars: | 2023-05-17 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

In an interview with CNBC that aired Tuesday, Elon Musk was asked about his tweeting. Musk said he'll say what he wants to say even if it leads to him, Tesla, or Twitter losing money. During an interview with CNBC's David Faber, Musk was asked about why he tweets the way he does. Faber pointed to a tweet from Monday in which Musk said Soros "wants to erode the very fabric of civilization" and "hates humanity." Faber asked why Musk continued to tweet such things and share his political opinions even though Tesla customers and Twitter advertisers may not agree with him.

☆ Elon Musk says 'I am the reason OpenAI exists' and that he 'came up with the name.'
▼ + stars: | 2023-05-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk took credit for the existence of OpenAI and said he came up with the startup's name. "I am the reason OpenAI exists," Musk told CNBC's David Faber in a Tuesday interview. "I came up with the name," Musk told CNBC. Musk told CNBC Microsoft could "cut off OpenAI" at any point and has a lot of control over the startup. OpenAI, Microsoft, and Musk did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ Elon Musk was asked what he'd tell his kids about choosing a career in the era of AI. His answer revealed he sometimes struggles with self-doubt and motivation.
▼ + stars: | 2023-05-17 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

Elon Musk was asked in a CNBC interview how he would advise his kids on careers in the AI age. As many companies develop AI, Musk has repeatedly expressed concern about the technology. Elon Musk expressed concern about AI technology and reflected on his own self-doubt and motivation when faced with the technology's capabilities, in an interview Tuesday night with CNBC's David Faber. At the end of the hour-long interview, the Tesla CEO was asked how he would advise his kids on pursuing valuable career paths, given the rapid developments of AI technology. Ultimately, Musk advised his kids, and by extension people entering the workforce, to pursue work that will be useful to humanity.

☆ Elon Musk says he's a 'pro-Semite, if anything' when questioned about his public attacks on George Soros
▼ + stars: | 2023-05-17 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

His comments came after he compared George Soros to the "X-Men" villain Magneto on Monday. Elon Musk tried to defend his statements on the Jewish billionaire George Soros a day after likening Soros to a comic-book villain. On Monday, Musk tweeted that Soros reminds him of the "X-Men" villain, Magneto, while claiming that Soros "hates humanity." Musk then doubled down on his criticism of Soros, saying he thinks it's true that Soros does hate mankind, but offered no further substantiation for the claim. —nikki mccann ramírez (@NikkiMcR) May 16, 2023Musk's tweet on Monday saying "Soros reminds me of Magneto," has been viewed 39 million times as of press time.

☆ Elon Musk says Twitter will try to rehire some of its laid-off staff, and that some of the people he fired 'shouldn't have been' cut
▼ + stars: | 2023-05-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

He told CNBC Twitter "simply did not have the time to figure out" a proper layoff strategy. Musk added that he would likely rehire some laid-off staff "if they're not too mad at us." Elon Musk said Twitter will likely try to rehire some of the thousands of staff he laid off, during an interview with CNBC's David Faber. "Desperate times call for desperate measures," Musk told CNBC. Musk told CNBC that "we simply did not have the time to figure out" the layoff strategy because Twitter had to "get the run rate under control."

☆ Elon Musk on the future of work: 'How do we find meaning in life if A.I. can do your job better?'
▼ + stars: | 2023-05-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Elon Musk is concerned about his eight children's future careers — especially if his kids have to compete with artificial intelligence for their dream jobs. "How do we actually find fulfillment, how do we find meaning in life, if AI can do your job better than you can?" Musk wondered aloud in an interview with CNBC's David Faber on Tuesday. On Tuesday, he struggled to articulate how the next generation might find value in a world where AI can do everything. "This question is a tough question to answer," Musk said.

☆ Elon Musk's productivity hack is taking 2 or 3 days off a year, working 7 days a week, and getting 6 hours of sleep a night
▼ + stars: | 2023-05-17 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

He told CNBC's David Faber he works throughout the year except for "two or three" days. Musk's obsession with long working hours has been extensively covered by the media. The CEO of Tesla and SpaceX told CNBC's David Faber on Tuesday that he pretty much works throughout the year. It's probably about two or three," he told Faber. After acquiring Twitter in October, Musk told the BBC he sleeps on a couch in the library at the company's San Francisco headquarters.

☆ Long-time Tesla bear sees more trouble ahead for EV maker after annual meeting
▼ + stars: | 2023-05-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Long-time Tesla bear Toni Sacconaghi forsees more turbulent times ahead for the electric vehicle maker on the heels of its annual shareholder meeting. "We believe Tesla's challenges instead stem from its limited model lineup, and that 2024 could be even more challenging." At the annual meeting Tuesday, CEO Elon Musk vowed to deliver Tesla's first Cybertrucks in 2023, while sharing expectations for a rocky economy ahead. According to Sacconaghi, many of Tesla's challenges come from its limited model lineup and "unrealistically aggressive" ambitions for its Model 3 and Model Y and their addressable markets. The long-time Tesla bear retained his underperform rating and $150 price target on shares, reflecting about 10% downside from Tuesday's close.

☆ We’re pleased to see Ford rethink its China strategy as it accelerates EV business
▼ + stars: | 2023-05-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Ford's business has been struggling in China. Ford's internal combustion engine (ICE) business is profitable in China, and its luxury brand Lincoln is what Ford calls the "profit pillar" for the region. But China does not represent a huge business for Ford, which generates roughly 1% of total revenue from mainland China. While Ford does not have plans to exit China, the CEO is taking a closer look at its strategy there. Like for Tesla, China is key for Ford because it's the biggest EV market in the world.

☆ Elon Musk says growing belligerence between China and the US 'should be a concern for everyone'
▼ + stars: | 2023-05-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Elon Musk told CNBC that growing US-China tensions should concern everyone. He said US and China are like "conjoined twins" and any fallout would impact the world economy. Elon Musk is concerned about the intensifying geopolitical tensions between US and China — and he thinks everyone else should be too. "I think that should be a concern for everyone," Musk told CNBC's David Faber on Tuesday in response to a question about the "growing belligerence between the US and China." That's the severity of the situation," Musk, the CEO of electric vehicle maker Tesla, told Faber.

☆ ARK Venture forecasts market for A.I. software to reach $14 trillion by 2030
▼ + stars: | 2023-05-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Venture forecasts market for A.I. software to reach $14 trillion by 2030William Summerlin, ARK Venture co-lead, joins 'Squawk on the Street' to discuss ARK's Tesla holding and Musk's comments to CNBC's David Faber after Tesla's shareholder meeting.

☆ Elon Musk claims he's the reason ChatGPT-owner OpenAI exists
▼ + stars: | 2023-05-16 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

"I came up with the name," Musk told CNBC's David Faber. Musk has previously repeatedly asserted that Microsoft controls OpenAI and that OpenAI's capped-profit model is questionable. Despite signing the letter, Musk still incorporated a rival AI firm, X.AI, in April. But Musk added that signing the letter warning of the dangers of AI was something he wanted to do "for the record." Page was "quite cavalier" about AI, Musk claimed.

☆ Watch Elon Musk's full interview with CNBC's David Faber on Twitter, Tesla and A.I. advances
▼ + stars: | 2023-05-16 | 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 Elon Musk's full interview with CNBC's David Faber on Twitter, Tesla and A.I. advancesTesla and Twitter CEO Elon Musk sits down with CNBC's David Faber for an exclusive interview from Austin, Texas, during Tesla's annual shareholder meeting. Musk discussed his tenure at Twitter, the state of Tesla and electric vehicles and recent advances in generative A.I.

Search resuls for: "CNBC'S David Faber"

25 mentions found