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☆ Secret to Startup Success: Being an Obnoxious Risk-Taker
▼ + stars: | 2024-08-13 | by ( Nate Silver | ) www.businessinsider.com time to read: +11 min

Of the billionaires on the 2023 Forbes 400 list — the 400 richest people in the United States — 70% are basically self-made. In 1982, only 40% of the Forbes 400 had started their own business; the majority were simply scions of inherited wealth. The Forbes 400, however, is the extreme right tail of the curve. But you're not sniffing the Forbes 400 list, where the bidding starts at about $3 billion. I don't think VCs are deliberately picking founders they think are unreliable, although sometimes it seems like it.

Persons: Raj Chetty, That's, Chamath Palihapitiya, Palihapitiya, Josh Wolfe, Wolfe, Elon Musk, Thiel, Jeff Bezos, we're, Sam Bankman, Andreessen Horowitz, A16z, Adam Neumann, Neumann, WeWork, Marc Andreessen, Ben Horowitz, Horowitz, they've, Benchmark's Gurley, Gurley, Nate Silver Organizations: Forbes, United States —, Social Capital, Burger, Lux, VCs, New York Times, Penguin Press, Penguin Publishing, Penguin Random Locations: United States, America, Sri Lanka, Canada, Coney, Israeli, Silicon, Canyon Point , Utah

☆ AI and security concerns fuel a shift to on-premises IT infrastructure as companies seek more control of data
▼ + stars: | 2024-08-13 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +9 min

Organizations are shifting to hybrid cloud and on-prem IT infrastructure for more control over data. Rather than depending solely on third-party cloud services, they're looking to operate their IT data networks on-site. Hewlett Packard EnterpriseA push for on-premThis trend is a response to concerns about the reliability, security, and cost-effectiveness of cloud services. Kindo provides a secure management platform for AI systems that lets organizations control which users have access to internal AI resources. The winners will be those that can bridge cloud and on-prem to provide the level of control organizations are demanding.

Persons: —, prem doesn't, Tan, prem, There's, it's, Peter Wang, Anaconda, Wang, Dennis Duckworth, Duckworth, Chris Stegh, Stegh, They've, they've Organizations: prem, Service, Hewlett Packard Enterprise, Anaconda, Anaconda Anaconda, Amazon Web Services, eGroup Enabling Technologies Locations: Germany, Switzerland, Portland , Oregon, San Francisco

☆ I moved to Finland for 90 days and fell in love with the culture and lifestyle. Now, I'm raising my daughters here.
▼ + stars: | 2024-08-13 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Andro Lindsay, a 48-year-old who moved from Santiago, Chile, to Helsinki. My relationship with Finland started over 20 years ago — I've been a part of several businesses with links to Finland, and some of my best friends are Finns. I've expanded my work to include sustainable mining, green hydrogen, and more. AdvertisementMy daughters fell in love with Finland as soon as we arrivedLindsay and his daughters. We all fell in love with Finnish culture, and we couldn't be happier here.

Persons: —, Andro Lindsay, It's, I've, Finn, Janne, Lindsay, Andro Lindsay I'm, I'm Organizations: Service, Business, Technical Research, of Finland, Helsinki Partners Locations: Santiago, Chile, Helsinki, Finland, Finnish, Santiago ., Seurasaari, Hietaranta

☆ A Google software engineer who was initially rejected gives 3 pieces of advice for landing a coding job
▼ + stars: | 2024-08-13 | by ( Jaures Yip | ) www.businessinsider.com time to read: +8 min

Read previewWhen Paden Gayle went into his first real round of tech interviews in 2020, he "failed horribly." Gayle interviewed for full-time software engineering roles for X, formerly Twitter, and Bloomberg, as well as an apprenticeship program for Google. This year, though, Gayle finally got his Google redemption and received an offer for an L4 software engineering role. Here's some of his biggest advice for landing a coding gig at a tech giant like Google. For his Google interview, Gayle said that when he first received his questions, he had no idea where to start.

Persons: —, Paden Gayle, I'd, Gayle, you've, That's, It's, that's, it's, I'm, Karen, Grace Hopper Organizations: Service, Twitter, Bloomberg, Google, Business, LinkedIn, Grace, Grace Hopper Program, Tech

☆ I moved to Finland and fell in love with the free healthcare and work-life balance. It's a great place to raise my daughters.
▼ + stars: | 2024-08-13 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

“She ‘A.I.’d’ it, and showed a massive ‘crowd’ of so-called followers, BUT THEY DIDN’T EXIST!” Mr. Trump wrote on his social networking site, Truth Social. extent of rally crowd Hangar Graphic by The New York Times; aerial image by NearMapCrowd size is often a point of comparison between candidates, but Mr. Trump has now given it more intense focus. Some attendees waited for Ms. Harris’s arrival on elevated platforms that gave them a higher vantage point, but a majority stood on the floor. Brittany Greeson for The New York Times8:05 PM Camera viewpoint Attendees crowded near the stage as Ms. Harris spoke. Before Ms. Harris’s rally, Mr. Trump had already been focused on comparing crowd sizes at her rallies with those at his own.

Persons: Kellen Browning, Donald J, Trump, Kamala Harris, Trump’s, Harris, Julia Nikhinson, Tim Walz, Brittany Greeson, Jeff Kowalsky, Harris’s, Chuck Callesto, Mr, Callesto, Laura Loomer, Joe Hoft Organizations: New York Times, Detroit Rally Former, The New York Times, Michigan, Air Force, Agence France, Getty, Detroit Metro Airport, Trump, Mr Locations: Detroit, ”, —

☆ There's a hidden risk lurking for AI stocks in 2025
▼ + stars: | 2024-08-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Depreciation costs could lead to AI stock price declines and valuation scrutiny, according to Baird's Ted Mortonson. AdvertisementThe lurking problem is that the useful lifetime of AI GPU chips can be a lot shorter than many expect, especially as AI chips go through an ever-accelerating innovation cycle, leading to higher-than-expected depreciation expenses that ultimately drag down profits. For example, the bank expects Alphabet to record $28 billion in depreciation costs in 2026, which is 24% more than current consensus estimates of $22.6 billion. AdvertisementBut even that has its limits because of how quickly Nvidia is releasing new GPU chips. And for Mortonson, it all comes back to the return on invested AI capital.

Persons: Ted Mortonson, —, doesn't, outlays, Ross Sandler, Baird, Morton, Sandler, Mortonson, there's Organizations: Barclays, Service, Companies, Nvidia, Business

☆ Venture capital's new reality check: 'A ton of people looking to get out everywhere'
▼ + stars: | 2024-08-09 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +12 min

PitchBook forecast in a May report that venture firms would raise less than $200 billion in 2024, a 48% drop from the industry's peak in 2021. "They may not see any carry dollars for a long time, maybe into full deployment to the next fund," the growth-stage principal said. AdvertisementBut this type of internal competition, including deal theft and sabotage, has always existed, the growth-stage principal added. 'A ton of people looking to get out everywhere'As the market continues to correct itself, more turnover is likely. "I know a ton of people looking to get out everywhere," the growth-stage principal said.

Persons: —, Michael Moritz, Combinator, they're, Will Champagne, it's, Ellis, Rebecca Zisser, VCs, Junior VCs, there's, Champagne, I'm, inbounds, I've Organizations: Service, Business, TechCrunch, Venture, Bay Area, Big Law, Kirkland, Haize Labs, Area, Junior

☆ Maduro orders 10-day ban on Elon Musk's X in Venezuela after feud with billionaire
▼ + stars: | 2024-08-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Contested Venezuelan President Nicolas Maduro ordered a 10-day ban on social networking site X, cutting off locals' access to the platform after a feud with Elon Musk. And he has violated [the rules], by inciting hatred, fascism, civil war, death and confrontations among Venezuelans, [he] has violated all of the laws of Venezuela. And in Venezuela there are laws ... and we will enforce the laws. Venezuela's National Commission of Telecommunications, or Conatel, will "remove the X social network, previously known as Twitter, out of circulation in Venezuela for 10 days," allowing X to respond, Maduro added. Internet monitoring firm NetBlocks confirmed that X is now restricted in Venezuela following Maduro's order.

Persons: Nicolas Maduro, Elon Musk, Maduro, NetBlocks Organizations: National Electoral Council, CNBC, Twitter, National Commission of Telecommunications Locations: Caracas, Venezuela, Venezuelan, NetBlocks

☆ I quit corporate and turned my side hustle into a 6-figure dream career — here's how
▼ + stars: | 2024-08-05 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

When I took my side hustle full-time, I started making around $125,000 more than my last salary. AdvertisementI started music as a side hustle in March 2019I've played the piano for 21 years and the alto saxophone for 18. I was fortunate to still have a paycheck and work from home when most full-time event industry professionals were shut down completely. AdvertisementA surge of events started in 2021, and I knew I made the right decision to leave the 9-5 world the previous October. If I had let a few hundred dollars a month of health insurance hold me back from quitting my full-time job, I would never have had all these incredible experiences.

Persons: —, Jason Nelson, It's, I've, Nelson, Teresa Guidice, Luis Ruelas, Teresa Giudice, it's Organizations: Service, Business, DJ, Fox, New York Jets, Real Housewives of, Bravo Locations: Hoboken , New Jersey, Puerto Rico, St, Maarten, Aruba, Dubai, Jersey

☆ Nigeria to London: Nelly Agbogu is on a mission to elevate Africa small businesses with Naijbrandchick
▼ + stars: | 2024-08-05 | by ( Ifeanyi Abraham | For Cnn | ) edition.cnn.com time to read: +5 min

To address these challenges, Agbogu launched the Naija Brand Chick Trade Fair, a platform connecting SMEs directly with customers. “Many Nigerian SMEs struggle to reach a buying audience, which is a significant barrier,” she explains. “The trade fair creates a platform where businesses can connect directly with customers.”The trade fair has become a resounding nationwide success attracting thousands of exhibitors yearly since it started in 2018. Shoppers at Naijabrandchick trade fair in Lagos, Nigeria. We are always oversubscribed because entrepreneurs consistently tell us they achieve sales they have never achieved before in just two days at the fair,” Agbogu said.

Persons: Nelly Agbogu, ” Agbogu, ”, Agbogu, “, It’s, Naijabrandchick, Agbogu’s Organizations: CNN, Nellies, ”, Trade, Shoppers, Intercontinental O2, SME, United Arab, “, Wema Bank Locations: Nellies Nigeria, Lagos, Nigeria, Nigerian, Benin, London, ”, Canada, United Arab Emirates, Rwanda, Naijabrandchick, Africa, Kenya

☆ Nvidia is on an acquisition spree even as regulatory scrutiny heats up and AI M&A cools
▼ + stars: | 2024-08-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

According to public announcements, the firm has made four acquisition deals so far in 2024, exactly even with Nvidia's 2020 deal total. Nvidia declined to discuss its acquisition strategy for this report, citing a quiet period before it announces earnings on August 28. In May, Nvidia agreed to acquire Deci AI, another Israeli startup that makes tools for developers to build AI models, for $300 million. In July Nvidia competitor AMD announced an agreement to acquire Silo AI, a Finnish AI startup, for $655 million. And this quiet trickle of deals in various forms is unlikely to stop since the market for AI talent is so tight.

Persons: —, Nader Khalil, Colette Kress, Kress, it's, OpenAI, Paul Baier, GAI, Baier, Umesh Pavdal, Thomvest Organizations: Service, Nvidia, Microsoft, Department of Justice, Federal Trade Commission, Business, ARM, Softbank, Politico, Shoreline, LinkedIn, Citi Global, DOJ, FTC, Amazon, AMD, Silo Locations: Israeli, California, San Francisco, Finnish

☆ I've never wanted kids, and I love my child-free life. I value my independence more than anything.
▼ + stars: | 2024-08-04 | by ( Monique Lindner | ) www.businessinsider.com time to read: +6 min

On top of that, I knew I never wanted children. AdvertisementI don't want kids for a few reasonsThere were a few reasons for my lack of desire to have kids. I just wanted to make the best out of my life through all of the pain, ongoing doctor visits, and uncertainty about my future. One of the women kept asking why I didn't have children, so I explained I never wanted any. She told me I take up valuable space on this planet if I don't have children; I was shocked.

Persons: wasn't, I've, haven't, It's Organizations: Service Locations: Germany, East Germany, Machu Picchu, Rio de Janeiro

☆ 30-year-old who quit her job and moved to Budapest now works remotely 25 hours a week: 'It's a beautiful life'
▼ + stars: | 2024-08-03 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

At 23, Denae McGaha had a choice: She could spend her entire savings moving to New York City, or she could take a teaching job halfway across the world. Within weeks of submitting her application, McGaha landed a job teaching English to kindergarteners. In August 2017, she quit her barista gig and moved to Budapest. Landing a remote job abroadMcGaha's teaching contract included a furnished one-bedroom apartment in Budapest, with a monthly stipend to help cover rent and utilities. In 2021, she was hired as a remote digital marketing strategist at Consumer51, a marketing agency based in Philadelphia.

Persons: Denae McGaha, McGaha, I'd, she's, —, hasn't, Ridhwan Rafi Organizations: LinkedIn Locations: New York City, Europe, Whidbey, Washington, New York, Budapest, Hungary, Covid, Budapest's 5th, Instagram, Philadelphia, U.S, Seattle

☆ We're adding to this beaten-up chipmaker and would be buyers of a peer stock
▼ + stars: | 2024-08-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 700 shares of AVGO, increasing its weighting in the portfolio to 3.16% from 2.94%. The stock market is headed for another rough day as concerns about the economy grow. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, payrolls, Ben Reitzes, Dell, Lisa Su, Jim Cramer, Jim Organizations: Broadcom, AVGO, Federal Reserve, VMware, Intel, Melius Research, HP, AMD, CNBC Locations: U.S

☆ Meta in Talks to Use Voices of Judi Dench, Awkwafina and Others for A.I.
▼ + stars: | 2024-08-02 | by ( Mike Isaac | Nicole Sperling | ) www.nytimes.com time to read: +1 min

Meta is in discussions with Awkwafina, Judi Dench and other actors and influencers for the right to incorporate their voices into a digital assistant product called MetaAI, according to three people with knowledge of the talks, as the company pushes to build more products that feature artificial intelligence. Apart from Ms. Dench and Awkwafina, Meta is in talks with the comedian Keegan-Michael Key and other celebrities, said the people, who spoke on the condition of anonymity because the discussions are private. The talks remain fluid, and it is unclear which actors and influencers, if any, may sign on to the project, the people said. If the parties come to an agreement, Meta could pay millions of dollars in fees to the actors. Meta, which owns Facebook, Instagram and WhatsApp, has invested heavily in artificial intelligence, which the biggest tech companies are racing to develop and lead.

Persons: Awkwafina, Judi Dench, Dench, Keegan, Michael Key Organizations: Meta, Bloomberg

☆ EU approves Hewlett Packard Enterprise's $14 billion Juniper deal
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: +1 min

The logo of the IT company Hewlett Packard Enterprise (HPE) can be seen in the company's technology center at the door of a server cabinet. The EU Commission on Thursday said it had unconditionally approved the $14 billion takeover of networking gear maker Juniper Networks by Hewlett Packard Enterprise . People familiar with the matter on Monday already said HPE was set to secure approval for the deal announced in January. The takeover underscores the rush by companies to upgrade and develop new products amid a sharp rise in artificial intelligence-driven services. The deal is also being assessed by Britain's antitrust enforcer, with a decision due on Aug. 14.

Persons: HPE Organizations: IT, Hewlett Packard Enterprise, EU, Juniper Networks

☆ Millennial Internet Is Dead; RIP Neopets, Club Penguin, and Webkinz
▼ + stars: | 2024-08-01 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +13 min

At Club Penguin, I adopted colorful pets called puffles and purchased kitsch furniture for my virtual igloo. "I was big on Club Penguin, Wizard101, Moshi Monsters, and this obscure one called Ourworld," he told me. Club Penguin, which ran from 2005 to 2017, stands out as one of the era's most beloved virtual worlds. "That same generation logged into Club Penguin to play with friends." In 2017 it shut down Club Penguin and replaced it with a mobile version, Club Penguin Island.

Persons: millennials, Gen Zers, Dylan Maleno, Lance Priebe, I'd, Jake Hahn, they're, Sara Grimes, weren't, Flappy Bird, Disney, Toontown, they've, MMOs, Roblox, Ashley Hernandez, " Hernandez, Neopets, Dominic Law, Aimee Pearcy Organizations: Penguin, Disney, University of Toronto's, of Information, Fortnite, Facebook, The New York Times Locations: Pennsylvania, Wizard101, Moshi, Illinois, Fortnite, New York City

☆ Jim Cramer looks at Arm's disaster, Shake Shack's triumph, and 3 other stock movers
▼ + stars: | 2024-08-01 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

Shake Shack : The stock soared roughly 19% on Thursday after the burger chain reported a better-than-expected quarter and raised the low end of its full-year revenue guidance. Cramer marveled at how an expensive burger at Shake Shack is selling well, suggesting there's also a market for premium here. Wayfair : Shares fell 3% after CEO Niraj Shah compared the slowdown in home goods to the 2008 financial crisis. "The market is saying look through" the Wayfair situation, Cramer said, adding he has "trouble looking through it." Cramer said Etsy is a frustrating stock because the platform is widely used but the company "has no growth."

Persons: Jim Cramer's, Jim Cramer, Rene Haas, Cramer, Cramer marveled, there's, Niraj Shah, Wayfair, Williams, Etsy Organizations: CNBC, Club, Arm Holdings Locations: Sonoma

☆ Podcast: Samsung bets on the Galaxy Ring and AI as its next big thing
▼ + stars: | 2024-07-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +42 min

Along with its S24 series of smartphones, foldable devices, smartwatches and now the Galaxy Ring, Samsung is hoping to lock users into its world of products held together with its suite of artificial intelligence features, known as Galaxy AI. Arjun KharpalOne of the things Samsung said was look, the ring is one product, but we've got the watch, we've got the smartphone. I think that's the right approach for Samsung, I don't think they have unrealistic expectations for volumes on this. And you'd feel like if there was some sort of Apple ring, it would do pretty good volumes. Do you think Samsung is seriously looking at ways to monetize this via subscriptions or other kinds of service business model?

Persons: aren't, Tom Chitty, Ben Wood, Meta's Ray, Arjun, Tom Chitty I've, I've, we've, Arjun Kharpal, let's, It's, That's, it's, you've, they've, there's, they're, someone's, I'm, that's, you'll, Ben Wood It's, smartwatch, Arjun Kharpal Apple's, Ben Wood They've, Tim Cook, He's, who'd, Tom Chitty Diamond, somebody's, who've, wasn't, Samsung hasn't, we'll, Ben, they'll, Will, wearables, Kharpal, Arjun Kharpal Tom, Tom, Tom Chitty We'll Organizations: Samsung, South, Galaxy, CNBC, CCS Insight, Mobile, Apple, Garmin, Apple Watch, U.S, Vision, Samsung Electronics, Google, MWC Locations: South Korean, Paris, France, beyondthevalley@cnbc.com, There's, Finland, London

☆ Want to work for Blackstone straight out of college? Here's the best route.
▼ + stars: | 2024-07-31 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +12 min

This year, Blackstone hosted more than 150 summer interns, including summer associates who tend to come from business or law school, as well as the undergrads who make up its summer analyst program. AdvertisementCheck out our exclusive deep dive into Blackstone's 10-week-long summer analyst program below. How competitive is Blackstone's summer analyst internship program? AdvertisementA group photo of Blackstone's summer analyst class during orientation. Gray recently addressed what leads to success at Blackstone in a speech to the 2024 summer analyst class, which was posted on Linkedin.

Persons: —, Blackstone, Jon Gray, Paige Ross, Blackstone's, Blackstone Blackstone, Taylor Kanfer, Kanfer, Mr Stone, Steve Schwarzman, they're, Ross, Goldman Sachs, There's, decamp, they'll, Gray, Kleiner Perkins, Chan Zuckerberg Organizations: Service, Harvard, Business, BI, University of Pennsylvania, Diverse, Blackstone, Investment, Linkedin, LinkedIn, Goldman, Barclays Locations: York, New York, Wayne , Pennsylvania, Miami, Asia, Africa

☆ OpenAI's releasing a new AI model soon, and there's a lot at stake
▼ + stars: | 2024-07-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, what to expect from OpenAI's newest AI model that's in the works. GPT-5, the newest model upgrade for OpenAI's chatbot, is coming soon . AdvertisementOpenAI has a lot riding on its newest model, including its ability to get customers to cough up more cash. That's not ideal for a company that's preparing to take on one of the biggest juggernauts in tech: Google's Search.

Persons: —, Z's, Let's, Nordin Catic, OpenAI, Darius Rafieyan, Darius, ChatGPT, Justin Sullivan, Chelsea Jia Feng, it's, Sam Altman, Ned Davis, David Solomon, Goldman Sachs, David Zalubowski, Chiang Ying, Mark Zuckerberg, Jensen Huang, Alexa von Tobel, Tyler Le, Mark Zuckerberg's, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Getty, OpenAI, Ned Davis Research, Blackstone, Harvard, Microsoft, Starbucks, Apple, Apple Intelligence, Fed, Meta, Boeing, Kraft Locations: undergrad, New York, China, London

☆ Stocks making the biggest moves premarket: Pinterest, Match Group, Advanced Micro Devices and more
▼ + stars: | 2024-07-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

Advanced Micro Devices — Shares popped nearly 9% after the chipmaker's earnings and revenue beat analyst estimates postmarket Tuesday. AMD reported adjusted earnings of 69 cents per share versus 68 cents expected from analysts polled by LSEG. Live Nation Entertainment — The entertainment stock was little changed after posting second-quarter revenue that matched expectations. But revenue of $6.48 billion was below the $6.55 billion analysts had expected, according to FactSet. Marriott International — The hotel chain slipped 4% after posting second-quarter revenue of $6.44 billion, below the $6.47 billion expected by analysts polled by FactSet.

Persons: DuPont, LSEG, Pinterest, FactSet, Dan Dolev, Kelly Ortberg, Dave Calhoun, AutoNation, StreetAccount, Kraft Heinz —, Greg Heckman, —, Brian Evans, Michelle Fox, Fred Imbert, Spencer Kimball, Tanaya Macheel, Jesse Pound, Samantha Subin Organizations: DuPont, Intel, Bloomberg, Microsoft, AMD, LSEG, Revenue, Nvidia, ASML, Arista Networks, Arista, Starbucks, Mizuho, Boeing, Collins Aerospace, Entertainment, Humana, Marriott, FactSet, Mobile, Nuclear Regulatory Commission, Nuclear, Constellation Energy, Constellation, Bunge Locations: Tuesday's, FactSet, Texas, U.S

☆ Jim Cramer praises Boeing's new CEO as a 'hands-on operator' who will be good for the stock
▼ + stars: | 2024-07-31 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

The stock, however, was up 2% after Boeing announced its new CEO, industry veteran Kelly Ortberg. Jim Cramer said Wednesday that Ortberg is a "real serious guy, hands-on operator." Cramer said the new CEO will send Boeing shares higher: "But it." It will continue to be good, and we're not in it," Cramer said, referring to not owning the stock in the CNBC Investing Club portfolio. "Mastercard is doing better than Visa because of ancillary businesses they have in addition to cross-border," Cramer said.

Persons: Jim Cramer's, Kelly Ortberg, Jim Cramer, Cramer, Jayshree Ullal, There's, we're Organizations: CNBC, Club, Boeing, Arista Networks, Arista, Mobile, Mastercard, Visa

☆ Stocks making the biggest moves midday: Boeing, Vistra, Match Group and more
▼ + stars: | 2024-07-31 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

Match Group — Shares of the Tinder dating app owner moved 13% higher after the company posted second-quarter revenue of $864 million. That is above the $856.5 million estimate that analysts polled by FactSet had expected. Revenue, however, came in below expectations at $6.48 billion, compared to the $6.55 billion analysts polled by FactSet had expected. Marriott reported $6.44 billion, which was below the $6.47 billion analysts polled by FactSet had expected. Bunge — The food stock moved nearly 8% lower after the company posted second-quarter results that missed analysts' expectations.

Persons: Vistra, FactSet, LSEG, Dan Dolev, AutoNation, Kraft Heinz —, Bunge, Robert " Kelly, Ortberg, Dave Calhoun, Rockwell Collins, —, Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: FactSet, Nuclear Regulatory Commission, Nuclear, AMD, Nvidia, Qualcomm, Arista Networks, Mizuho, DuPont de Nemours, DuPont, Humana, Starbucks, LSEG, Marriott, Constellation Energy, Constellation, Boeing, Rockwell, Collins Aerospace Locations: Texas, Japan, Korea, Tuesday's

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