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☆ Meet the Enigmatic Man Who Oversees Larry Page's Google Fortune
▼ + stars: | 2024-09-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +22 min

His success has also helped fuel a boom in family offices, a financial structure pioneered by J.P. Morgan and popularized by the Rockefellers. Today there are thousands of family offices globally, with the total number tripling between 2019 and 2023, according to the data provider Preqin. To protect Page, Osborne has long remained hidden, the man behind the megabillionaire's curtain. AdvertisementThe small staff at Koop, Page's family office in Palo Alto, are fiercely committed to Page's privacy. Through his investment in Way2B1, Page is seeking to make money by monetizing the techniques he uses to make money.

Persons: Thomas, Larry Page, Wayne Osborne, Osborne, Koop, —, Wayne, Jeffrey Epstein, Gmail, Page, he's, Larry, Morgan, Morgan Stanley, hasn't, Justin Sullivan, hawking, Sergey Brin, George Pavlov, Mark Zuckerberg, Jeff Bezos, Melinda Lewison, Natasha Pearl, Aston Pearl, James Estrin, Helen Frankenthaler, Minerva, Joseph E, Brooks, Taylor, Mortimer Zuckerman, Zuckerman, he'd, who'd, Koop's, Ken Goldman, Eric Schmidt, Hugh Langley, Michael Floyd, Floyd, Page's, Lucy Southworth, Southworth, It's, Way2B1, it's, Gilles Martin, Hal Bailey Organizations: QS, Osborne, J.P, Google, Harvard Business School, Princeton Theological Seminary, Presbyterian Church, New York Times, Minerva, U.S . News, Boston Properties, Shell, CIA, Energy Technologies, Oceankind, Forbes, Business, Fiji Locations: New York, Caribbean, St, Palo Alto , California, Wayne, Mississippi, Connecticut, Silicon Valley, U.S, Silicon, Palo Alto, Koop, Nola, margarita, Way2B1, Fijian, superyachts, New Zealand, Fiji

☆ Oracle gave a glimpse of the power AI has on its business. Where investors should look next
▼ + stars: | 2024-09-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

For the past three years, software stocks have suffered as revenue growth softened, and investors remain skeptical about when it will return. For Oracle, that's its cloud infrastructure — a service that has improved Oracle's fundamental growth story, Walravens argued. This strategic move positioned Oracle as a key player in AI, fueling growth in its infrastructure as a services (IaaS) business. Oracle Cloud Infrastructure is central to this growth, offering a suite of services for AI-driven workloads. SAP YTD mountain SAP stock performance year-to-date.

Persons: Raimo Lenschow, Pat Walravens, Walravens, Bernstein, Mark Moerdler, tailwinds, Goldman Sachs, Amy Hood, it's, Keith Bachman, Bachman Organizations: Oracle, Nvidia, Barclays, Investors, Software, Services, Microsoft, SAP, Citizens, CNBC, Google, Oracle Cloud Infrastructure, Microsoft Microsoft, AI Services, Wall, BMO

☆ Megan Ellison, the award-winning daughter of billionaire Larry Ellison, has a headache on her hands
▼ + stars: | 2024-09-14 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

Read previewMegan Ellison's award-winning video game company has a problem: Nobody wants to work there. Ellison is the daughter of Larry Ellison, the billionaire cofounder of the world's third-largest software company, Oracle. Megan Ellison founded her film studio, Annapurna Studios, in 2011, later adding Annapurna Interactive, the company's gaming division, in 2016. The company told Bloomberg that it explored the idea of a "spinoff" company, but could not reach an agreement. "Our top priority is continuing to support our developer and publishing partners during this transition," Ellison told the outlet.

Persons: —, Megan Ellison's, Ellison, Larry Ellison, Megan Ellison, Edith Finch, Nathan Gary —, Gary, Deborah Mars, Nathan Vella, Annapurna, Hector Sanchez, We're Organizations: Service, Oracle, Annapurna Studios, Annapurna Interactive, Business, Bloomberg, Annapurna, Hollywood, Epic

☆ I paid for my engagement ring, and my husband picked out my wedding dress. We've always gone against gender norms.
▼ + stars: | 2024-09-14 | by ( Wendi Gordon | ) www.businessinsider.com time to read: +4 min

From the beginning, nothing about my relationship with my husband, Steve, was "normal." My husband didn't propose to me, and I didn't propose to him; there was just a mutual assumption that we would get married and spend the rest of our lives together. Our wedding was uniqueWe first went to a local jewelry store to buy my engagement ring and our wedding bands. We didn't worship together and rarely met the members of each other's churches. We're ignoring social norms like we always have because it always worked for us.

Persons: Steve, didn't, we've Organizations: Service, Business, Lutheran Theological Seminary Locations: Gettysburg, Pennsylvania, New Orleans, Mississippi, I've

☆ Whitehaven: Plan to build first coal mine in decades unlawful, UK court rules
▼ + stars: | 2024-09-13 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

CNN —Britain’s approval of its first new deep coal mine in decades was unlawful, London’s High Court ruled on Friday following a legal challenge brought by environmental campaigners. Friends of the Earth and South Lakeland Action on Climate Change challenged the previous Conservative government’s 2022 approval of a coking coal mine in northwest England. Britain dropped its defence of the legal challenges after a Supreme Court ruling earlier this year said planning authorities must consider the impact of burning, not just extracting, fossil fuels when deciding whether to approve projects. Developer West Cumbria Mining fought the case and said the project — which planned to extract coking coal for manufacturing steel, rather than to generate electricity — would be “a unique ‘net zero’ mine”. A spokesperson for West Cumbria Mining said the company “will consider the implications of the High Court judgment and has no comment to make at this time”.

Persons: CNN —, Niall Toru, Toru, James Strachan, David Holgate Organizations: CNN, Lakeland, Conservative, Earth, Developer West, Mining, West Cumbria Mining’s, West Cumbria Mining Locations: England, Britain, West Cumbria

☆ Beijing suspends PwC's China unit for six months in record penalty over Evergrande audit
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: +5 min

Chinese regulators on Friday hit PwC's auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm's audit of troubled property developer China Evergrande Group . "PwC has seriously eroded the basis of law and good faith, and damaged investors' interest," said the China Securities Regulatory Commission (CSRC) in a statement. PwC Zhong Tian, the registered accounting entity and the main onshore arm of PwC in China, was the country's top-earning auditor in 2022, according to the latest official data. "The cost is enormous in reputation, affecting the ability to get new business in China beyond the fine. PwC also deliberately excluded properties that Evergrande marked as "not allowed to visit" from audit samples, it added.

Persons: Zhong Tian, PwC, Gary Ng, PwC Zhong Tian, PwC Zhong, Daniel Li, Hemione Hudson, CSRC Organizations: China Evergrande Group, Big, China Securities Regulatory Commission, China's Ministry of Finance Locations: China, PwC, Asia, Pacific, Guangzhou, Hong Kong, New York

☆ China fines PwC a record $62 million for its role in the Evergrande collapse
▼ + stars: | 2024-09-13 | by ( ) edition.cnn.com time to read: +3 min

Chinese regulators have hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group. “PwC has seriously eroded the basis of law and good faith, and damaged investors’ interest,” said the China Securities Regulatory Commission in a statement. PwC Zhong Tian, the registered accounting entity and the main onshore arm of PwC in China, was the country’s top-earning auditor in 2022, according to the latest official data. The ministry also imposed a fine of 116 million yuan ($16 million) on PwC Zhong Tian for its auditing failure of Hengda in 2018, according to an MOF statement. The CSRC said in a separate statement that it had confiscated PwC Zhong Tian’s revenue involved in the Evergrande case totalling 27.7 million yuan and fined the unit 297 million yuan.

Persons: Zhong Tian, “ PwC, ”, PwC Zhong, Daniel Li, Hemione Hudson, CSRC, PwC Organizations: China Evergrande Group, Big, —, China Securities Regulatory Commission, China’s Ministry of Finance, Bank of China Locations: China, PwC, Hong Kong, New York

☆ People in Blue Zones swear by beans for healthy aging — here are 3 longevity-boosting bean dishes from a recipe developer
▼ + stars: | 2024-09-12 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +1 min

Beans are prolific in Blue Zones, areas of the world where people live long, healthy lives. A plant-based recipe developer who wrote a book of bean recipes shared some favorites. Go to newsletter preferences Thanks for signing up! They're affordable, versatile, and packed with plant-based protein and fiber, Sarah Doig, a recipe developer and author, told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: —, Sarah Doig Organizations: Service, Business

☆ Why Elon Musk Is Really Taking Twitter Out of San Francisco
▼ + stars: | 2024-09-12 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

From the front door of X, which is closing up shop in San Francisco on Friday, Market Street runs straight through downtown to the bay. Now, as X leaves its spot, Market Street is still suffering from all the same problems it had before Twitter. After handing over millions of dollars in tax breaks to one of the world's wealthiest corporations, San Francisco has nothing to show for it. AdvertisementI keep remembering a work trip I took to San Francisco in 1999, a few years before I moved here. "Our focus remains on working with and supporting the many businesses that call San Francisco home," the statement reads.

Persons: Daniel Burnham, Elon Musk, Twitter, Ted Egan, Bon Marché, Paula Smith Arrigoni, restaurateurs, Dolby, Twitter didn't, Egan, Uber decamped, Musk, San Francisco, Adam Rogers Organizations: Twitter, Central Market, Anadolu, Getty, AQ, Area, Coalition, Apple, New York Times, San, Sony, Microsoft, Ikea, London Breed, Business Locations: San Francisco, Austin, South Park, California, Brisbane, Texas, scuzzy, gentrify, Alta, Oro, Bon, Kaya, Bay, Oakland

☆ Sergey Brin says he doesn't think Google engineers use AI for coding as much as they should
▼ + stars: | 2024-09-11 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Read previewGoogle cofounder Sergey Brin said engineers at the tech company aren't using artificial intelligence as often as he thinks they should. Brin said he was curious about how good Google's AI model would be at Sudoku. "Because they don't honestly use the AI tools for their own coding as much as I think they ought to." As search competition continues to heat up, Google recently updated its AI Overviews, which is a feature that produces AI-generated answers in response to a Google search. Earlier this month, BI reported that junior software developers are likely to see the most immediate changes to their workflow, with AI tools potentially changing the way newbies gain developer skills.

Persons: —, Sergey Brin, Brin, David Friedberg, Chamath Palihapitiya, Jason Calacanis, David Sacks, I've, AI's, " Brin, we've, hasn't, OpenAI, Friedberg, Elon Musk Organizations: Service, Business, Google, Engineers, BI, Tesla Locations: Los Angeles, Friedberg

☆ U.S. men's national soccer team names Mauricio Pochettino next coach
▼ + stars: | 2024-09-10 | by ( Rudy Chinchilla | Rudy Chinchilla Is A Breaking News Editor For Nbc News Digital. | ) www.nbcnews.com time to read: +7 min

He's coached soccer greats Lionel Messi and Kylian Mbappé — and now Mauricio Pochettino will be taking the helm of the U.S. Men’s National Team, ending the high-profile search for the person to lead the team into the 2026 World Cup on home soil. “I am so excited to become the new head coach of [the] U.S. men’s national team. The men’s national team is coming off a stinging and humbling experience at this summer’s Copa America, which was also played in the U.S. Pochettino and the U.S. Men’s National Team now find each other at perhaps a perfect — or imperfect — time. The Copa America laid bare some glaring deficiencies, including at center-back, full-back and even goalkeeper, long a position of strength for the national team.

Persons: He's, Lionel Messi, Kylian, Mauricio Pochettino, “, Pochettino, Germain, Emma Hayes, Mauricio, Cindy Parlow Cone, should’ve, Gregg Berhalter, Christian Pulisic, Robin Alam, Matt Crocker, Crocker, he’s, Harry Kane, Paris Saint, who’d, Todd Boehly, Christian, Weston McKennie, Tim Weah, Folarin Balogun, it’s Organizations: Men’s, men’s, Argentine, Chelsea, Tottenham Hotspur, Paris Saint, . Soccer, Copa America, CONCACAF Nations League, AC Milan, USMNT Sporting, TNT, Southampton, Tottenham, Premier League, Spurs, Champions League, Liverpool, League, PSG, French Super, Clearlake Capital, U.S, Men’s National Team, CONCACAF Locations: U.S, England, Paris, France, Netherlands, Italy, Mexico, Canada, Southampton, London, Pochettino’s, Chelsea

☆ Developer Michael Shvo plans bulk sale of Mandarin Oriental condos after default
▼ + stars: | 2024-09-09 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

Read previewMichael Shvo, who shot to prominence in recent years buying billions of dollars of trophy real estate assets, has defaulted on the debt connected to a luxury condo building in Los Angeles. The site was purchased in 2019 by a group of investors that included Shvo, Bilgili Group, and Deutsche Finance. It has hired the real estate services firm Newmark to market the offering to investors and arrange a transaction. AdvertisementShvo purchased $3 billion of prominent real estate assets, including the Transamerica Pyramid building in San Francisco and 711 Fifth Ave. in Manhattan. In previous statements, a spokeswoman explained that BVK's investments with Shvo were handled through intermediaries, including Deutsche Finance and another German financial firm, Universal Investment.

Persons: —, Michael Shvo, –, Serdar, Newmark, Shvo, BVK Organizations: Service, Los, Los Angeles Recorder's Office, Acore, Beverly, Business, Bilgili, Deutsche Finance, Bayerische, Bilgili Group, Shvo, BVK, Biligili, Core, Universal Investment Locations: Los Angeles, Beverly Hills, Munich, San Francisco, Manhattan, Beverly, New York

☆ Ether has been dramatically underperforming bitcoin as the investment case for the cryptocurrency weakens
▼ + stars: | 2024-09-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Ether, the second largest cryptocurrency by market cap, is nearly 50% off its all-time high. The ETH/BTC ratio, a sentiment indicator reflecting the relative value of ether compared with bitcoin, is at its lowest level since April 2021. "Bitcoin has a very well established use case, which is a store-of-value currency," said Julio Moreno, head of research at CryptoQuant. Some investors had hoped ether could compete with bitcoin, whose rate of supply growth slows every four years after the halving. However, ether supply has been rising at a fast pace this year, and is on track to resume its pre-Merge levels in the next three months, according to CryptoQuant.

Persons: Ethereum, bitcoin's, hasn't, David Duong, Mike Colonnese, Wainwright, Julio Moreno, Vitalik Buterin, Duong, — CNBC's Michael Bloom Organizations: ETH, BTC, H.C, Citi, Lightning, Coinbase's Locations: Solana

☆ 5 careers in the space industry that new grads should focus on, according to a VC
▼ + stars: | 2024-09-07 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A 2024 report from McKinsey & Co. estimates the global space economy will balloon to $1.8 trillion by 2035, fueled by advances in AI. Chad Anderson, founder and managing partner of Space Capital, one of the first early-stage VC firms to focus exclusively on the space economy, told Business Insider that the space economy has plenty of technical career paths available. Anderson — who's invested in dozens of space ventures, including SpaceX, moon landers, satellites, and space tech, and founded Space Talent, an online resource for jobs in the space field and tech industry — shared his perspective as a VC on the top five careers in space that are on the rise. Specifically, expect heightened demand for orbital interior designers, space suit designers, space station industrial designers, and other lifestyle consultants for long-term tourism trips and crewed platforms.

Persons: —, Chad Anderson, Anderson — who's, landers, Anderson —, Anderson, they'll, you've, it's Organizations: Service, McKinsey & Co, Space, Business, SpaceX, Talent, Software, of Defense, NASA

☆ Roblox will let developers sell games for real dollars as it expands beyond virtual currency
▼ + stars: | 2024-09-06 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021. Roblox , the popular kid's gaming platform that generates billions of dollars a year in the virtual world, is getting real. The company said on Friday that some game developers on the platform will be able to charge users real money rather than relying on payments through Roblox's digital currency called Robux. Game creators can now more easily sell to users without dealing with an intermediary virtual currency. It's part of the company's ambitious plans to facilitate 10% of all global gaming content sales through the Roblox platform and reach 300 million daily active users.

Persons: Manuel Bronstein Organizations: New York Stock Exchange, Roblox Locations: San Jose , California

A little over three years ago, private equity investor Orlando Bravo called FTX the "most cutting-edge, sophisticated cryptocurrency exchange in the world," as his buyout firm helped lead a $900 million investment in the company at a valuation of $18 billion. Bravo now tells CNBC that he and his firm, Thoma Bravo, are permanently out of crypto after that disaster. FTX spiraled into bankruptcy in late 2022, and founder Sam Bankman-Fried is in the early days of serving a 25-year prison sentence for the massive fraud and conspiracy that doomed FTX and sister hedge fund Alameda Research. "Once you make a mistake and once you get burned on something, our philosophy and my philosophy is you never touch it again," Bravo said in an interview on CNBC's "Squawk on the Street" on Thursday. FTX marked a sideways turn for San Francisco-based Thoma Bravo, which has emerged as a giant investor in technology, orchestrating multibillion-dollar acquisitions in recent years of companies including cybersecurity software vendor Proofpoint, property management software company RealPage, finance and supply chain software developer Anaplan and spend management software company Coupa.

Persons: Orlando Bravo, Thoma, spiraled, Sam Bankman, Bravo Organizations: Bravo, CNBC, Thoma Bravo, Alameda Research, San Locations: Alameda, San Francisco

☆ The weirdest startup in healthcare has a blank check from General Catalyst
▼ + stars: | 2024-09-05 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +17 min

Hemant Taneja, the CEO of top venture firm General Catalyst, cofounded the healthcare startup Commure in 2017, and launched it in 2020. AdvertisementIt's made six acquisitions in four years — a remarkable number for a healthcare startup. He hatched Commure inside General Catalyst in 2017 alongside former leaders from Google, Salesforce, and healthcare data analytics firm Health Catalyst. The Philadelphia-based health system co-created a startup with General Catalyst, patient engagement platform Tendo, in 2020. General Catalyst said HATCo will work closely with its more than 20 health system partners, including HCA Healthcare.

Persons: Hemant Taneja, Catalyst, PitchBook, Commure, It's, Augmedix, He's, Tyler Le, Taneja, Livongo, Teladoc, Glen Tullman, Ashwini Zenooz, CommureOS, Tanay Tandon, Rusty Russell, Strongline, Tandon, didn't, General Catalyst, it's, Axios, he's, HATCo, GABRIELLA AUDI, wasn't, Hemant Organizations: Catalyst, Business, Catalyst's, Google, NASDAQ, Jefferson Health, Healthcare, HCA Healthcare, Athelas, SMP Labs, SMP, Commure, BI, FCC, Labs, Strongline Pro, Strongline, Northern District of, Canopy, General, Health, Healthcare Assurance Transformation Corporation, Summa Health, Olive AI, Augmedix, HCA, Getty, Big Tech, Commure's Locations: Livongo, Philadelphia, Commure, PatientKeeper, Athelas, Strongline, Northern District, Northern District of California, Ohio, Augmedix

☆ Dubai’s Burj Azizi to become the world’s second-tallest building
▼ + stars: | 2024-09-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +4 min

Dubai’s Burj Azizi tower to become world’s second tallest building. The tower is anticipated to set several records, including the world’s highest hotel lobby (on level 11), the world’s highest nightclub (on level 126) and the world’s highest observation deck (on level 130), according to Azizi Developments. It boasts the world’s highest infinity pool, the world’s largest natural flower garden, and the world’s largest picture frame, to name a few. The Burj Binghatti Jacob & Co Residences, meanwhile, is set to become the world’s tallest residential structure (and Dubai’s third-tallest building) at 1,952 feet. Burj Azizi is slated for completion in 2028, with apartments expected to go on sale in February 2025.

Persons: CNN —, Mirwais Azizi, Azizi, Raab, Sheikh Zayed, ”, Franck Muller, Jacob Organizations: CNN, Burj, General Civil Aviation Authority, Azizi Developments, Azizi, Trade Center, Marina, Burj Khalifa’s 122nd, Ciel Dubai Marina Locations: Dubai, Burj, Sheikh, Burj Azizi, Burj Khalifa

☆ Leaked messages show early challenges for Amazon's big AI product and concern about losing customers to Microsoft
▼ + stars: | 2024-09-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +9 min

Amazon Q, a big new AI product, faces issues such as high costs and lack of features. Neighorn told BI that Amazon had clear pricing for Amazon Q and that customers could use the AWS Pricing Calculator to calculate Amazon Q charges. "Amazon Q only launched in April, and we continue to add new features based on customer feedback," Neighorn said. "Amazon Q has a rapidly growing customer base that is using Q for a variety of use cases." AdvertisementFor now, Amazon CEO Andy Jassy may be the biggest salesperson for Amazon Q.

Persons: —, Q, It's, Slack, Q's, AWS's, Microsoft's Copilot, Patrick Neighorn, Neighorn, Matt Garman, Garman, Andy Jassy, Jassy Organizations: Amazon, Service, Web Services, Business, Microsoft, Google, ChatGPT, BI, Microsoft's Exchange, Bayer, Smartsheet, National Australia Bank, AWS, Q, LinkedIn Locations: North

☆ Stocks making the biggest moves midday: Dollar Tree, GitLab, Zscaler and more
▼ + stars: | 2024-09-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Dollar Tree — Shares tumbled more than 22% after the discount retailer slashed its full-year outlook for net sales and adjusted earnings per share. GitLab — The software developer's stock soared more than 21% thanks to a strong third-quarter earnings outlook. Zscaler — The stock lost more than 18% after the cloud security company's fiscal first-quarter earnings outlook came in weaker than expected. Zscaler expects to earn between 62 cents and 63 cents per share, below the 73 cents per share analysts were estimating, per LSEG. Asana sees sales for the third quarter coming in between $180 million and $181 million, while analysts expected $182 million, according to LSEG.

Persons: LSEG, Zscaler, Cowen, Andrew Charles, —, Lisa Kailai Han, Michelle Fox Organizations: Dick's, Goods, FactSet, UBS, AMD Locations: Cape Canaveral , Florida

☆ 2 friends quit their healthcare jobs to run a dating-app startup. Here's how they scaled to 60,000 users.
▼ + stars: | 2024-09-04 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

This as-told-to essay is based on a conversation with Julie Griggs and Danielle Dietzek, the founders of the dating app Fourplay. Over 30 guys in the first week told us this was so much fun and a better way to date. And from there, we Googled how to get an app started. And if you keep going, your app is going to totally break." I was still working as a PA and got a text from friends saying to turn on the show.

Persons: Julie Griggs, Danielle Dietzek, Griggs, Julie, Danielle, it's, iMessage, Mark Cuban, I've, We've, they've, we'd, Kelly, Ryan Organizations: Service, YouTube Locations: WhatsApp

☆ Social media platform Bluesky attracts millions in Brazil after judge bans Musk's X
▼ + stars: | 2024-09-04 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Brazil's recent ban of Elon Musk's social media platform X has boosted the profile of its smaller rival, Bluesky, as people search for alternatives to voice their opinions. On Saturday, the company also said that users from Brazil were setting new all-time highs for activity. The reported uptick in the platform's traffic comes after a Brazilian Supreme Court justice ordered a nationwide suspension of the X platform on Friday. A Supreme Court panel affirmed the ruling on Monday. X is estimated to have over 22 million users in Brazil.

Persons: Elon, Bluesky, Paul Frazee, We've, Alexandre de Moraes Organizations: Meta, Facebook Locations: Brazil

☆ Stocks making the biggest moves premarket: Nvidia, GitLab, Sweetgreen, Dollar Tree and more
▼ + stars: | 2024-09-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Dollar Tree — Shares plunged nearly 11% after the dollar store missed second-quarter revenue estimates and trimmed its full-year forecast. Zscaler — Shares of the cloud security company slipped nearly 17% after its fiscal first-quarter earnings forecast missed Wall Street estimates. GitLab — Shares of the software developer surged 11% after its third-quarter earnings forecast surpassed Wall Street estimates. GitLab expects to earn 15 cents to 16 cents per share, while analysts polled by LSEG were calling for 11 cents. The company's full-year revenue forecast of $742 million to $744 million also came in above a forecast $737 million.

Persons: Dick's, Sweetgreen, Cowen, LSEG, PagerDuty, Nordstrom, —, Alex Harring, Jesse Pound Organizations: Nvidia, Bloomberg, U.S . Department of Justice, Dick's, —, Wall, FactSet, AMD —

☆ I've spent 50 years in one of the 'best places to live.' I love it, but that doesn't mean moving here is a good idea.
▼ + stars: | 2024-09-03 | by ( Helen Wolkowicz | ) www.businessinsider.com time to read: +10 min

Montreal is a gem of a city: It's safe and walkable, with a vibrant nightlife and a cultural calendar packed with events. It's also one of the fastest-growing cities in Canada, so why wouldn't you want to get in on the action? AdvertisementIt has become harder for Montreal renters to check everything off their wish lists without raising budgets. AdvertisementGiven the condition of Montreal's housing market, our "starter" is now just our forever home. Christopher O'Donnell/ShutterstockBusinesses also have to compete against the city's carousel of construction projects, which can reduce foot traffic, among other issues.

Persons: —, It's, I've, Lisette Jemmott, Anatoli Igolkin, Jemmott, she's, Michael Falduto, isn't, Catherine Zibo, Falduto, it's, Glenn Castanheira, Marc Bruxelle, Yönder, Christopher O'Donnell, Castanheira, Helen Wolkowicz Organizations: Service, Business, The Coalition, Housing Committees, Associations of Quebec, McGill, Concordia, Concordia University, City, Montreal —, Montreal Locations: Finland, Montreal, Canada, Canadian, Toronto, Quebec, City of Montreal

☆ Thousands of homes on $1 land: The new housing crisis solution sweeping the country
▼ + stars: | 2024-08-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +10 min

State and local governments often lease or sell land to builders, including affordable housing developers, particularly in areas with high demand for homes. In a rare overlap of goals between the two campaigns, Harris and Trump have both proposed building housing on federal land. Some Republican lawmakers agree that more federal land should be used for homes. The Biden administration has proposed selling hundreds of acres of land in Nevada controlled by the Bureau of Land Management to local governments to build thousands of new homes. But repurposing federal land for new residential communities in Nevada would likely mean more sprawl, which comes with both environmental and economic concerns.

Persons: —, Donald Trump, Kamala Harris, Harris, Trump, Matthew Murphy, doesn't, George McCarthy, McCarthy, MidPen, It's, Abby Goldware Potluri, Harris couldn't, Republican Sen, Mike Lee of, He's, Biden, Maurice Page, Page Organizations: Service, Democratic, Republican, Biden, Business, NYU's Furman Center, Lincoln Institute of Land Policy's, Geospatial Solutions, Lincoln Institute of Land, Center for Geospatial Solutions, Privately, Center, Trump, of Land Management, US Postal Service, Republican Party, General Services Administration, DC, Bureau, Land Management, Las Vegas, Nevada Housing Coalition Locations: State, Nevada, Utah, Massachusetts, Florida, . Massachusetts, San Mateo County, San Francisco, MidPen, Saudi, Mike Lee of Utah, Fort Lauderdale, Las

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