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☆ The Nobel committee just entered the AI chat
▼ + stars: | 2024-10-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

When asked by a reporter whether the committee took the AI connection into consideration when judging the nominees, one member on the chemistry committee basically brushed off the question and insisted the decisions were made purely on the science. The Nobel committee letting politics or PR weigh on their decisions? At first glance, it could seem like the Nobel committee has been gulping down Big Tech’s AI Kool-Aid. While gesturing to generative AI, Wong noticed that no one mentioned ChatGPT or Gemini or any other consumer-facing AI tools that companies are peddling. Similarly, in announcing the chemistry prize on Wednesday, committee members talked a lot about amino acid sequences and structural biochemistry.

Persons: CNN Business ’, —, John Hopfield, Geoffrey Hinton, — Demis Hassabis, John M, David Baker, CNN’s Jake Tapper, Hassabis, Matteo Wong, Wong, ” Wong Organizations: CNN Business, New York CNN, Princeton, Google, New York Locations: New York, US, Stockholm

☆ From Side Hustle To Multi-Million Dollar Business
▼ + stars: | 2024-10-10 | 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 EmailFrom Side Hustle To Multi-Million Dollar BusinessOn this episode of Millennial Money, we talked with a mom who negotiated for a better salary and found more work life balance, a software engineer who used obsessive budgeting to buy a five bedroom house, and a power couple with businesses earning over $2 million in revenue. Watch the show Sundays at 5pm ET on CNBC.

Organizations: CNBC

☆ Moving to Amsterdam, paying off loans: 3 millennial moms on the major money moves they made to feel confident having kids
▼ + stars: | 2024-10-09 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +7 min

It was less a comment on my sister's personal financial situation and more reflective of the fact that having kids isn't just expensive. Some managed to follow the previously typical trajectory of getting married, buying a house and then having kids when the time felt right. Outside of Baltimore, 'having a house really made us feel comfortable having children'Achieving the major financial milestone of homeownership helped Marie Medina, 28, and her husband, Daniel, feel ready to start having kids. "Having a house really made us feel comfortable having children," Medina says. She and her husband moved from the Bronx to Portland, Oregon, in 2021, in part to make their dream of having kids more financially feasible.

Persons: you'll, it's incalculable, it's, aren't, homeownership, Marie Medina, Daniel, Medina, Marie, Daniel Medina, Yolanda Cando, Gilleran, Yolanda, Graham Cando, Alejandra Rojas, didn't Locations: Baltimore, Columbia , Maryland, New York City, Bronx, Portland , Oregon, Portland, Oregon, Amsterdam, Colombia, Netherlands, Maryland

☆ 5 AI hacks smart people use to accomplish more and stress less at work
▼ + stars: | 2024-10-08 | by ( Jeremy Schifeling | In Schifeling | ) www.cnbc.com time to read: +7 min

Here are five AI hacks smart professionals use to get the most out of AI:1. Head over to Google Forms, click the AI button at the top of the page, and tell the tool what you're looking to accomplish. Zoom In Icon Arrows pointing outwardsYou can use a similar approach beyond survey comments. Zoom In Icon Arrows pointing outwardsThe key here is that AI can do more than just spit out text. Zoom In Icon Arrows pointing outwardsAgain, you can adapt the prompt to help you prepare for any kind of presentation.

Persons: I’ve, you’ve, you've, We've Organizations: Khan Academy, Harvard Business School, University of Texas, Google

☆ Read 5 résumés that helped techies land $300,000-plus jobs at Google, Meta, Amazon, and Salesforce
▼ + stars: | 2024-10-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +7 min

With his mentors' feedback, he created a résumé that helped him land him a role at Google a few months later. Software engineer at GoogleSahil Gaba, a software engineer at Google, said he liked two main things on his 2021 résumé, which landed him $300,000 in starting pay. Software engineer at MetaHemant Pandey, a software engineer at Meta, said he has been using the same résumé template since he graduated from his master's program in 2017. It landed Lin his roles at Meta, Visa, and PayPal, and, in 2022, a $350,000 pay package at Google. Previously at Cisco and SAP, the software engineer now works for Salesforce, where he interviews other candidates.

Persons: —, Virmani, Google Virmani, Google Sahil Gaba, I've, Gaba, Meta Hemant Pandey, it's, Google Yung, Yu Lin, he's, Lin, Ghatage Organizations: Big Tech, Service, Deloitte, Google, Software, Meta, Tesla, SAP, Visa, PayPal, Cisco

☆ GM expects 2025 earnings to be similar to this year's despite industry headwinds
▼ + stars: | 2024-10-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

DETROIT — General Motors expects its 2025 adjusted earnings to be in a "similar range" to the company's results this year, CFO Paul Jacobson said Tuesday during the company's investor day. Achieving its 2024 targets as well as similar earnings next year would be quite an accomplishment. Jacobson declined to provide specific financial targets until the company formally releases its 2025 financial guidance early next year. GM's 2024 financial guidance includes anticipated capital spending of between $10.5 billion and $11.5 billion. Other than the financial targets for 2025, the automaker provided few significant updates at its investor day.

Persons: Paul Jacobson, Jacobson, Mary Barra Organizations: GMC, DETROIT —, Motors, Detroit, Auto, GM, North America, Wall Street Locations: Richmond , California, DETROIT, North

☆ How the source of your tissues is fueling wildfires thousands of miles away
▼ + stars: | 2024-10-08 | by ( Vasco Cotovio | ) edition.cnn.com time to read: +9 min

Certain toilet paper, tissue and office paper brands are made with materials from eucalyptus trees, a non-native species to Portugal. CNN PortugalThe problem is eucalyptus trees are particularly flammable. The eucalyptus tree is native to Australia and provides food and shelter to koalas, among other wildlife. As the Portuguese paper and timber industries grew in the mid-1900s, so too did eucalyptus plantations, and the species now covers nearly 2 million acres. In California, the eucalyptus tree has been naturalized, meaning it now grows beyond the places it was planted.

Persons: it’s, Patricia De Melo, Patricia De Melo Moreira, Domingos Patacho, Brais Lorenzo, Patacho, Henrique Pereira dos Santos, de Santos, Juan Manuel Castro Prieto, Luís, Sarabando, Octavio Passos, Jose Sarmento Matos, “ Organizations: Lisbon CNN —, CNN, Firefighters, Getty, AFP, National Park Service, Bloomberg, Northwestern, Agence, Vouga Forestry Association, Navigator Locations: Lisbon, Portugal, Europe, Albergaria, CNN Portugal, Australia, Portuguese, ”, California, Velha, Agueda, Northwestern Portugal, Greece, Italy, Finland, Constancia, Abrantes, United States, New York City, Arouca

☆ Former Humane execs secure $25 million valuation after departing AI hardware startup
▼ + stars: | 2024-10-08 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

Two former executives of Humane, the embattled AI hardware startup, are reemerging with a new artificial intelligence software venture that has raised $4 million at a $25 million valuation. He and Hartley Moy are marketing the startup toward enterprise customers in industries like finance, insurance, SaaS, healthcare services and media. "It really came down to the opportunity that we saw in the enterprise side of the house," Hartley Moy, Infactory's CEO, told CNBC. But the two's departure had to do with the business opportunities they saw when working at Humane, Hartley Moy said. WATCH: Former Apple designers launch $700 Humane AI Pin as smartphone replacement

Persons: Brooke Hartley Moy, Ken Kocienda, Kocienda, Hartley Moy, Sam Altman, Marc Benioff, Slack, Andreessen Horowitz, Infactory, Ohtani Organizations: Humane, CNBC, HP, Microsoft, Tiger Global, Google, Apple, Bee Partners, SPV Locations: Salesforce

☆ Tim Tully taught himself to code at age 6 and still codes daily. Here's how computer science took him from startups to AI investing at Menlo Ventures.
▼ + stars: | 2024-10-07 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +7 min

He joined VC firm Menlo Ventures in 2021 and has invested in generative AI startups like Pinecone. Using his technical expertise as a former programmer and CTO, Tully is helping amass an impressive portfolio of AI startups at Menlo Ventures. He's also written code as a way to help win over startups in the broader Menlo Ventures portfolio. That helped seal the deal, and Ionita led Orb's $14 million Series A funding round. While Menlo has been bolstering its portfolio with AI infrastructure startups, Tully said he's excited these days about opportunities at the application layer.

Persons: Tim Tully, —, Tully's, Tully, He's, Warby Parker, Roku, Uber, Jess Lee, I've, Naomi Pilosof Ionita, Ionita, he's, legaltech –, Eve Organizations: Yahoo, Menlo Ventures, Service, Venture, Apple, Menlo, Bay Area, Data Systems, Oracle, AOL, Huffington, Sequoia Locations: Bay, Splunk, –

☆ What these homebuyers and owners told us an interest rate cut means to them
▼ + stars: | 2024-10-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Last month, the Federal Reserve cut its benchmark interest rate by half a percentage point and signaled that more cuts are coming. He hopes interest rate cuts will increase his buying power. Mortgage rates have steadily fallen in anticipation of further interest rate cuts from the Federal Reserve. Mortgage rates have steadily fallen in anticipation of further interest rate cuts from the Fed, with the average 30-year fixed mortgage rate dropping to 6.12% in the week ended October 3, according to Freddie Mac. “Even a decent interest rate today far exceeds what we’ve been planning and budgeting on since we bought this home,” said Tony, who said his interest rate was 3.75%.

Persons: Robert Galvez, ”, Galvez, “, ” Galvez, Kamala Harris ’, homebuyers, Brandon Bell, Tony, Freddie Mac, it’s, Safiya Reid, Nico Williams, Reid, Nico Williams “ I’m, ” Reid, she’s Organizations: CNN, Federal Reserve, National Association of Realtors, Federal Housing Administration, NACA Locations: New Hampshire, Atlanta, Okinawa, Japan

☆ China released a blitz of stimulus measures to boost its economy. Now begins the balancing game.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

AdvertisementVarious Chinese ministries and local governments are likely to roll out a variety of stimulus measures in the coming weeks — useful or not, they added. China still has a massive property problem that's unlikely to be solved with one set of stimulus measures. China's stock markets, which are dominated by retail investors fixated on social media, are blistering hot. China's stock markets are closed for weeklong National Day public holidays and are set to reopen on Tuesday. "Stimulus measures could add more fuel to the fire when stock markets are already heated.

Persons: —, it's, Nomura, Freya Beamish, Rory Green, Ben Harburg, Larry Hu, Hu, Magdalena Polan, Polan, China's Organizations: Service, Global Data.TS, —, MSA, Macquarie Group, CSI, Nomura Locations: China, Saudi Arabia, Beijing, Harburg

☆ A new Blue Origin: CEO Dave Limp is bringing urgency and ‘decisiveness’ to Jeff Bezos’ space company
▼ + stars: | 2024-10-05 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +11 min

Blue Origin CEO Dave Limp, left, and founder Jeff Bezos look up at a New Glenn rocket on at the company's LC-36 facility in Florida. Blue OriginDave Limp had only one question for Jeff Bezos when he interviewed last year to become CEO of Blue Origin, the billionaire's space venture. "Jeff felt that [Blue Origin] needed manufacturing expertise; it needed decisiveness; it need a little bit of energy," Limp said. CEO Dave Limp, third from the left, with Blue Origin employees at the company's New Glenn facility in Florida. In the mission's place, Blue Origin will fly a demonstration of its spacecraft Blue Ring on the first New Glenn launch.

Persons: Dave Limp, Jeff Bezos, Jeff, Limp, Bezos, It's, I'm, New Glenn, Allen Parker, Jennifer Pena, Leanos, Ian Richardson, Tim Collins, it's, Origin's, ULA, Paul Hennessy, Glenn, We've, Starliner, Shepard, Blue, let's Organizations: Glenn, Florida ., Amazon, CNBC, Blue, SpaceX, United Launch Alliance, Lab, Firefly Aerospace, Company, NASA, Amazon Devices, Flexport, Vulcan, Cape Canaveral Space Force, Anadolu, Getty, New Glenn, Falcon, Shepard, National Security, Washington , D.C Locations: Florida, New, Mars, Seattle, Kent , Washington, Texas , Florida, Alabama, ULA, West Texas, Cape Canaveral , Florida, Glenn, Washington ,, Huntsville , Alabama, Cape Canaveral , Texas

☆ My husband is the primary breadwinner, and I stay home with the kids — but our marriage is not 'traditional.'
▼ + stars: | 2024-10-04 | by ( Amber Adrian | ) www.businessinsider.com time to read: +5 min

From the outside, our family looks like a traditional one, but it's actually a little more nuanced than that. AdvertisementOur family life looks traditional in many ways, but in other ways, it isn'tOur life does align with the "provider/protector" and "nurturer/homemaker" gender roles in some ways and seems traditional on the surface. I am the primary caretaker for our kids and work to take care of and run the details of our household. For some years in our marriage, my husband didn't understand — and therefore didn't appreciate — all I contributed. Another widespread idea in partnerships with traditional gender roles is that the man is in charge or the "head of the household."

Persons: Amber Adrian, —, it's, I'd, we've, I'm, Adrian, Amber Adrian Another Organizations: Service

☆ ‘There will be a lot of deaths’: Israelis living near Lebanese border fear tit-for-tat escalation
▼ + stars: | 2024-10-04 | by ( Ivana Kottasová | Zeena Saifi | ) edition.cnn.com time to read: +8 min

Kiryat Shmona, Israel CNN —Yair Pinhas grew up hiking in the hills around Kiryat Shmona, his hometown in northern Israel, near the border with Lebanon. A family home that was damaged by a rocket attack in Kiryat Shmona in northern Israel. Ora Hatan speaks on the phone at her house near the Israeli border with Lebanon. A city of some 22,000, Kiryat Shmona has turned into a ghost town over the past year. On Thursday, marking the Jewish new year, the Pinhas family snuck back into Kiryat Shmona for a brief visit.

Persons: Kiryat, Israel CNN — Yair Pinhas, “, we’d, ”, Pinhas, Ivana Kottasova, CNN Kiryat, won’t, ” Pinhas, Yair Pinhas, Kiryat Shmona, Benjamin Netanyahu, Netanyahu, Hezbollah’s, Hassan Nasrallah, Daniel Hagari, Ora Hatan, Hatan, she’s, Ivana Kottasová, Israel Organizations: Israel CNN, CNN, CNN Kiryat Shmona, United Nations, Assembly, UN, Israel Defense Forces, Lebanese Ministry of Health Locations: Kiryat Shmona, Israel, Lebanon, Galilee, Tel Aviv, Iran, Gaza, Kiryat, “ Israel, Beirut, Shtula, Pinhas

☆ Tech tycoon Mike Lynch died from drowning after his superyacht sank, inquest hears
▼ + stars: | 2024-10-04 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

British tech tycoon Mike Lynch died from drowning, an inquest heard. Lynch and six others died after the superyacht Bayesian sank off the coast of Sicily in August. Lynch founded software company Autonomy in 1996 and sold it to HP for more than $11 billion in 2011. AdvertisementTech tycoon Mike Lynch died from drowning after the Bayesian superyacht sank off the coast of Porticello, Sicily, an inquest heard on Friday, multiple outlets reported. Lynch, his 18-year-old daughter Hannah, and five others died after the vessel was caught in a heavy storm in August.

Persons: Mike Lynch, Lynch, —, Hannah, Mike Brown, Jonathan Bloomer, Morgan Stanley, Judy, Brown, Jonathan, Judy Bloomer —, Chris Morvillo, Neda —, Recaldo Thomas, Matthew Griffiths, James Cutfield, Tim Parker Eaton Organizations: Autonomy, HP, Service, Tech, Morgan, Morgan Stanley International, Reuters, BBC Locations: Sicily, Porticello, Autonomy

☆ My husband is the primary breadwinner, and I stay home with the kids. But our marriage is not 'traditional.'
▼ + stars: | 2024-10-04 | by ( Amber Adrian | ) www.businessinsider.com time to read: +4 min

I have a husband and several children, and from the outside, it definitely looks like a traditional setup. Our family life looks traditional in many ways, but in other ways, it isn'tOur life does align with the "provider/protector" and "nurturer/homemaker" gender roles in some ways, and in some ways, looks traditional on the surface. My husband is the primary earner for our family; he works full-time as an engineer to provide for the expanses of our family. I am the primary caretaker for our kids and work to take care of and run the details of our household. For some years in our marriage, my husband didn't understand — and therefore didn't appreciate — all I contributed.

Persons: it's, I'd, we've, I'm, Amber Adrian, Amber Adrian Another

☆ Billionaire Palmer Luckey's icy relationship with Mark Zuckerberg is thawing 8 years after his Facebook firing
▼ + stars: | 2024-10-04 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Palmer Luckey and Meta appear to be mending their frayed relationship. The Oculus and Anduril founder recently visited Meta for a demo and signaled he'd be open to working with Mark Zuckerberg. Luckey was fired in 2016 from Facebook amid backlash over funding a billboard mocking Hillary Clinton. AdvertisementEight years after getting fired from Facebook, Palmer Luckey appears to be open to burying the hatchet with Mark Zuckerberg and Meta. https://t.co/SvHbU5qwcn — Palmer Luckey (@PalmerLuckey) October 3, 2024Neither Palmer Luckey nor Meta immediately responded to a request for comment from Business Insider.

Persons: Palmer, he'd, Mark Zuckerberg, Luckey, Hillary Clinton, —, Palmer Luckey, He's, Andrew Bosworth, Zuckerberg, haven't, Donald Trump, Gary Johnson, Anduril, They've, Meta, Bosworth, Theseus, Boz, SvHbU5qwcn — Palmer, Palmer — Organizations: Meta, Facebook, Service, Street, Trump, VR, Industries, Forbes, Pepperdine University, Business Locations: Luckey

☆ Looking to invest in the 'Magnificent Seven'? Dan Niles reveals the 2 he likes
▼ + stars: | 2024-10-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Hedge fund manager Dan Niles is particularly bullish on one tech stock going in to 2025. That stock is Meta Platforms — the tech giant behind social media platforms Facebook and Instagram as well as instant messaging app WhatsApp. META YTD mountain Year-to-date shares in Meta Platforms Meta is among the so-called "Magnificent Seven" stocks that several investors have been looking at favorably this year. Meta's "really the one that's using AI the best internally," Niles noted. 'Premium name' In addition to Meta, Niles is also keeping a watch on chipmaker Nvidia .

Persons: Dan Niles, Niles, CNBC's, Jensen Huang Organizations: Facebook, Niles Investment Management, Meta, Apple, Microsoft, Nvidia, Tesla, U.S

☆ Meet SpaceHopper, a three-legged hopping asteroid explorer
▼ + stars: | 2024-10-03 | by ( Amy Gunia | ) edition.cnn.com time to read: +4 min

That includes SpaceHopper, a three-legged robot designed for exploring microgravity environments, like the surface of asteroids. Developed by university students at ETH Zurich, in Switzerland, it bends its legs to propel itself off the ground. “But we can build robots that could do this task for us.”ETH Zurich student Valerio Schelbert holds SpaceHopper. A three-legged hopping robot that can reorient itself in zero gravity is “a completely new idea,” said Florian Kehl, a lecturer in the Department of Earth and Planetary Sciences of ETH Zurich. The team behind LunarLeaper, including ETH Zurich academics, hope to use it to explore a pit thought to be connected to a subsurface hollow lava tube.

Persons: Valerio Schelbert, Andrew Waller, ”, Florian Kehl, SpaceHopper, CNN “ Organizations: CNN, Apollo, Earth’s, ETH Zurich, SpaceHopper, ” ETH Zurich, Department of, Planetary Sciences, European Space Agency, ESA, Tech Locations: Switzerland, California, Japan, Germany, France

☆ Here's where OpenAI's 11 cofounders are now
▼ + stars: | 2024-10-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +7 min

Most of OpenAI's cofounders have left the startup, with some going to rivals. Here's where all 11 of its cofounders are now and how many remain at the $157 billion company. Here's where all of the 11 cofounders are now. According to her LinkedIn profile, she used to work at Facebook as an AI research engineer before joining Stripe as a software engineer in 2016. OpenAI and none of its 11 cofounders immediately responded to Business Insider's requests for comment, made outside normal working hours.

Persons: it's, Sam Altman, —, OpenAI, Mira Murati, Barret Zoph, Bob McGrew, Ilya Sutskever, John Schulman, Anthropic, Jason Redmond, Altman, John Schulman Schulman, OpenAI's, Jan Leike, Schulman, Wojciech Zaremba Zaremba, Zaremba, Ekon, Musk, Ilya Sutskever Ilya Sutskever, JACK GUEZ, Getty Sutskever, Sustkever, Sustskever, Greg Brockman Brockman, he's, Kingma, Andrej Karpathy Andrej Karpathy, Karpathy, Vicki Cheung Cheung, Elon, Elon Musk, ALAIN JOCARD, Brockman, cofounding OpenAI, Pamela Vagata Vagata, Trevor Blackwell Blackwell, cofounders Organizations: Here's, Service, Getty, OpenAI's Superalignment, OpenAI, Inc, Google DeepMind, Anthropic, Tesla, San Francisco Chronicle, Hearst Newspapers, Getty Images Research, Eureka Labs, SpaceX, The Boring Company, Facebook Locations: AFP, OpenAI, cofounding, Pebblebed

☆ This audio engineer is a huge Apple fan. But he thinks you shouldn't buy the AirPods Max.
▼ + stars: | 2024-10-02 | by ( Jaures Yip | ) www.businessinsider.com time to read: +6 min

Audio engineer Theo Browne recently criticized Apple's AirPods Max for their sound quality and price. Browne, a fan of the AirPods Pro, finds the mid-range sounds of the AirPods Max disappointing. AdvertisementYou don't have to look far to see Apple's AirPods Max headphones in the wild, whether it's on your morning commute or worn by someone on TikTok. In a tweet that has now received over 800,000 views, Browne even warned people: "Do NOT buy AirPods Max." Like the other AirPods, they said the AirPods Max offers an outstanding experience with active noise cancellation, spatial audio, and transparency modes.

Persons: Theo Browne, Apple's AirPods Max, Browne, Max, —, Metronomy, weirdly, Douglas Stephens, Stephens, there's, Smart, Max Smart, they'll, Antonio Villas Organizations: Service, Apple, Ping Labs, Sony, Bose, Headphones.com, Bluetooth, Philips, Sony WH Locations: retails

In this article META Follow your favorite stocks CREATE FREE ACCOUNTA logo of US company's Meta is displayed during the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition center in Paris, on May 22, 2024. It also accuses the company of retaliation after it allegedly sidelined Napoli and took him off big projects when he raised concerns that the person had been rehired. Before the layoffs, G.F. and Napoli occasionally saw each other in meetings but were no more than "work acquaintances," Napoli said. But just four months later, the company hired G.F. back to a contractor position after he apparently slipped through the cracks in the hiring process, the lawsuit says. Napoli learned his accused stalker was back at Meta when G.F.'s name popped up on Workplace, the company's internal messaging system.

Persons: Porte, Julien De Rosa, James Napoli, Napoli, Mark Zuckerberg, Carrie Goldberg, Peter Romer, Friedman, Meta, it's, Meta didn't, G.F, Luigi, he'd Organizations: Porte de, Afp, Getty, Meta, New York Supreme, Meta's New, CNBC, Facebook, Napoli Locations: Paris, New York, New, Napoli, Meta's, Meta's New York City

☆ Boomers Are Selling Their Small Businesses; Millennials Are Buying
▼ + stars: | 2024-10-01 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +12 min

Sure, many small businesses aren't glamorous — think dental practices or accounting firms — and they involve long hours and unpredictable market forces. The US Small Business Administration said in July that there were nearly 35 million small businesses in the US. Fewer than two-thirds of small businesses in the US in 2022 were profitable, and over a million businesses of all sizes close each year. Traditionally, small businesses were family businesses, and the eldest male child was expected to take it over when the patriarch was ready to step down. Buying up small businesses allows people without wealthy boomer parents to cash in on the trillions of dollars of wealth the generation is sitting on.

Persons: George Coulam, Coulam, Forrester, Nancy Forster, Holt, Ernst & Young, Steve Holt, Shaw, Tenney, Paul, Helen Reagan, Forster, who's, Jennifer, Neil Gutekunst, Edie Ellis, Ellis, BizBuySell, you've, Dave Specht, Specht, they've, " Forster, She's, PwC, Norm Dinkel, Brian Brogan, — he's, hasn't, it's, Jennifer Gutekunst, boomer Organizations: Texas Renaissance, NewEdge Wealth, Ernst &, Shaw, University of Rhode, US Small Business Administration, Small Business Administration, Drucker School, Family Business, Claremont Graduate University, Wall, American Investment Council, Saint Joseph's University Locations: Texas, America, Sacramento , California, Maine, Orono, Chicago, Washington, Pennsylvania

☆ PayPal CEO's first year was praised by Wall Street, but hard part starts now for struggling payments company
▼ + stars: | 2024-10-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Analysts across Wall Street saw rising competition and a declining take rate, or the percentage of revenue PayPal keeps from each transaction. Fast forward to today, and the picture is dramatically brighter for the 26-year-old Silicon Valley company and its 47-year-old CEO. Analysts are projecting roughly 6% revenue growth when PayPal reports third-quarter results in about a month, according to LSEG. Venture capitalist Oren Zeev has seen Chriss work with small businesses in another capacity. "He obviously brought a lot to the table with his vast experience with small businesses," Zeev said.

Persons: Alex Chriss, CNBC's David Faber, hadn't, Chriss, downgrades, Dan Dolev, Dolev, Susquehanna's James Friedman, he's, Friedman, Dan Schulman, Dana Stalder, He's, PayPal didn't, Isabel Cruz, Michelle Gill, Diego Scotti, Jamie Miller, Stalder, we've, Faber, Susquehanna's Friedman, That's, Will Ferrell, Ferrell, Fleetwood, hasn't, Sanjay Sakhrani, Sakhrani, SMBs, Oren Zeev, Zeev Organizations: PayPal Inc, PayPal, New York Stock Exchange, Mizuho Securities, CNBC, Apple Pay, Nasdaq, Meta, Matrix Partners, Intuit, Walmart, Verizon, Starbucks, Ticketmaster, Apple, Google, Shopify, Venture Locations: Wall, Braintree, EY, Venmo, U.S

☆ Motorsport is trying to reach Net Zero. Could fuels like this, made from air and water, help accelerate the journey?
▼ + stars: | 2024-10-01 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

“I believe all fuels will be made in this way, and we won’t be using fossil fuels anymore at all. Zero continued its foray into motorsport in April, linking up with 2B Autosport to become the first synthetic fuel partner in rally car racing. Zero PetroleumZero could perhaps seek to emulate P1 Fuels, a synthetic fuel firm that is already an established player in the industry. Porsche announced this year that the Porsche Mobil 1 Supercup – a one-make stock car series – would run exclusively on synthetic fuels produced at the Haru Oni plant. In addition, some experts suggest that electric power, a significantly cheaper alternative to synthetic fuels, would be a much more efficient way of decarbonizing the sport than synthetic fuel.

Persons: BloombergNEF, Haru, ”, Paddy Lowe, “, Lowe, Nigel Mansell, Nico Rosberg, Mika Häkkinen, Lewis Hamilton, Peter J Fox, “ petrolhead, “ I’ve, Damon Hill, Zero, Valtteri Bottas, Zhou Guanyu, Lamborghini Miura, Diehard, Jean Todt, Loredana Sangiuliano Organizations: CNN, Zero Petroleum, diesel, Vehicles, NASCAR, CNN Sport, Hydrogen Insight, McLaren, Mercedes, Constructors, Formula One, Sauber, Autosport, British Royal Air Force, Zero, P1, World, Porsche, Porsche Mobil, Aramco, Former International Automobile Federation, FIA, E Locations: Bicester , England, Southern Chile, Bicester, Saudi

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