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☆ Rosenblatt calls for more than 60% upside on Super Micro Computer after stock's massive rally
▼ + stars: | 2024-02-20 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Super Micro Computer has soared more than 182% since the start of the year, but the chipmaker has even more upside potential ahead thanks to artificial intelligence tailwinds, according to Rosenblatt. Another key factor in Super Micro's growth story is its liquid cooling solutions for data centers, Mosesmann added. Traditional chipmakers have been less adept in this segment, which opens the door for Super Micro to achieve "heightened hyper-scale engagement," according to the analyst. "The anticipation of increased research coverage should further illuminate Supermicro's business model and the opportunities in its [total addressable market]." Shares of Super Micro were up nearly 3% Tuesday during premarket trading.

Persons: Rosenblatt, Hans Mosesmann, Mosesmann, Wells, — CNBC's Michael Bloom Organizations: Micro Locations: Friday's

He told reporters the paramedic was a part of a SWAT team that had been called to a domestic situation at the home. Inside, an armed man had barricaded himself with his family, including seven children ranging in age from 2 to 15, Evans said. Adam Finseth, 40, a firefighter and paramedic for the city since 2019, also was killed. She and her husband peered out of their sunroom and saw squad cars and a phalanx of police officers. None of the relatives of the officers or the firefighter immediately returned phone messages from The Associated Press seeking comment.

Persons: Drew Evans, Evans, “, ” Evans, ”, Paul Elmstrand, Matthew Ruge, Adam Finseth, Elmstrand, Ruge, Adam Medlicott, Tanya Schwartz, Alicia McCullum, peered, McCullum, “ We’re, ” McCullum, BJ Jungmann, Marty Kelly, Tim Walz, “ Minnesota, Grace, Angie Craig, ” Craig, Kris Martin, Rob Jagodzinski, Bobby Caina Calvan, Maysoon, Jesse Bedayn Organizations: SWAT, Minnesota Police, Peace, Association, Medical, “, Associated Press, Minnesota Gov, Burnsville City, U.S, Rep, ___ Associated Press Locations: BURNSVILLE, Minn, Minneapolis, Burnsville , Minnesota, Minnesota, Goodhue County, Burnsville, Burnsville City Hall, downtown Minneapolis, New York City, Maysoon Khan, Albany , New York, Denver

☆ How Ukraine could become Putin's 'Vietnam,' say military analysts
▼ + stars: | 2024-02-17 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some of the analysts noted that the conflict in Ukraine could even become a "Vietnam" for Russian President Vladimir Putin. "We've seen smaller countries frequently defeat larger countries in battle, with Vietnam and others being key examples. Getty ImagesIn the Vietnam War, more than 58,000 Americans lost their lives in a long, protracted fight alongside South Vietnam against the communist government of North Vietnam. With crucial military aid from the West, analysts believe Ukraine could achieve something similar, grinding down Russian morale and potentially forcing Russia to readdress the costs and benefits of the invasion.

Persons: —, there's, Vladimir Putin, Max Bergmann, Eliot A, Cohen, Arleigh, Burke, Seth Jones, Bergmann Organizations: Service, Center for Strategic, International Studies, Eurasia Program, CSIS, Getty, South, North Vietnamese Army, West, NATO Locations: Russia, Ukraine, Western, Vietnam, Europe, Saigon, South Vietnam, North Vietnam, Afghanistan, French, Algeria

☆ The Ukraine war grinds on — 4 ways the conflict with Russia could end
▼ + stars: | 2024-02-17 | by ( Nathan Rennolds | Alia Shoaib | ) www.businessinsider.com time to read: +7 min

Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin. The Russian president has also indirectly suggested a cease-fire, something that the US has refused to consider unless Ukraine is involved in discussions, Reuters reported. Nuclear warPutin has made several threats of using nuclear weapons since the invasion began, but the West is divided on how seriously to take his comments. Jones said the risks of breaking the ultimate nuclear weapons taboo would likely outweigh any benefits. I think the US has already communicated pretty forcefully that all bets are off if Russia were to use nuclear weapons," he added.

Persons: It's, —, Max Bergmann, Bergmann, Caesar Kunikov, Eliot A, Cohen, Arleigh, Burke, Volodymyr Zelenskyy, Vladimir Putin, Volodymyr Zelenskyy's, Putin, Adrienne Watson, Seth Jones, Jones, Vladimir Putin's Organizations: Service, Bakhmut, Eurasia Program, Center for Strategic, International Studies, Representatives, Russia's, CSIS, Nazi, Reuters, Ukrainian, Bloomberg, Kremlin, National Security Locations: Russia, Ukraine, Kyiv, Kherson, Kharkiv, Avdiivka, Donetsk, Europe, Russian, YORUK, Nazi Germany, Red, Moscow, United States

Seoul, South Korea CNN —South Korean and Tottenham Hotspur soccer superstar Son Heung-min was involved in a fight with a teammate the night before the national team’s disastrous loss in an Asian Cup semifinal match earlier this month, the country’s football federation confirmed to CNN on Friday. In the wake of the incident, the Korea Football Association later Friday fired head coach Jürgen Klinsmann, who had questioned the resolve of his team during the tournament. A KFA statement said the team dinner took place in Qatar on February 5, before South Korea’s 2-0 loss to Jordan at the Asian Football Confederation Asian Cup. 87 in FIFA’s world rankings, was seen as a major embarrassment for the 23rd-ranked South Korean side. Son is the captain of both Tottenham Hotspur in England’s Premier League and of the South Korean side.

Persons: Son Heung, Jürgen Klinsmann, Lee Kang, Jordan, ”, Lee, Germain, Heung, Visionhaus, “, Lee “, ” Lee, ” “, Son, Klinsmann Organizations: South Korea CNN — South Korean, Tottenham Hotspur, CNN, Korea Football Association, Korean national football, Asian Football Confederation Asian, England’s Premier League, Paris Saint, France’s Ligue, English Premier League, Brighton & Hove Albion, JTBC, South, Asian, South Korea Locations: Seoul, South Korea, Qatar, France’s, London, Instagram

☆ 'There's very little margin for error': 7 strategists explain why the Goldilocks narrative is in trouble — but these 8 investments are still worth making now
▼ + stars: | 2024-02-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors are pricing in a best-case outcome where earnings rise and inflation returns to normal in a continued economic expansion. “It’s a tough needle to thread,” said Steve Sosnick, the chief strategist at Interactive Brokers. “And that pretty much pulls forward almost all the returns, in our minds, for 2024.”AdvertisementCrit Thomas, a global market strategist at Touchstone Investments, has the same concern. “And so at 21x earnings, there’s very little margin for error here.”AdvertisementFourth-quarter earnings mostly met measured expectations , as did forward guidance. Clark Bellin, the chief investment officer at Bellwether Wealth, said he’s less worried about valuations broadly and is more interested in seeing which sectors look cheap.

Persons: —, ”, Solita Marcelli, “, Sameer Samana, Steve Sosnick, It’s, Steven Wieting, “ We’ve, Crit Thomas, “ I’m, ” Thomas, We’re, Chris Galipeau, ” Galipeau, ” Sosnick, we’ve, Liz Ann Sonders, Schwab, ” Sonders, there’s, Clark Bellin, he’s, ” Bellin, you’re, Stocks, Samana, won’t, Thomas, Wieting, Bellin, “ They’ve, they’re Organizations: Service, Business, UBS Global Wealth Management, Federal Reserve, Wells, Wells Fargo Investment Institute, Interactive, Citi Global Wealth’s, Touchstone Investments, Franklin Templeton Institute, Citi Global Wealth, Bellwether Wealth Locations: Wells Fargo, Samana, ” Samana, Galipeau

LONDON (AP) — Go into many bookstores, and the nonfiction shelves will be dominated by men. The Women’s Prize for Nonfiction hopes to change that. An offshoot of the 28-year-old Women’s Prize for Fiction, whose past winners include Zadie Smith, Tayari Jones and Barbara Kingsolver, the new prize is open to female English-language writers from any country in any nonfiction genre. Lipscomb noted that in 2022, only 26.5% of nonfiction books reviewed in Britain’s newspapers were by women, and male writers dominated established nonfiction writing prizes. Authors from the United States, Australia, Canada, India, Jamaica, the Philippines and the U.K. are on the prize longlist, chosen from 120 books submitted by publishers.

Persons: ”, Suzannah Lipscomb, Zadie Smith, Tayari Jones, Barbara Kingsolver, Lipscomb, Mary Ann Sieghart, Naomi Klein ’, “, Patricia Evangelista’s “, Bohannon’s, Alice Albinia’s “, Leah Redmond, Anna Funder’s “ Organizations: Nielsen, Research, Queens, ” Locations: United States, Australia, Canada, India, Jamaica, Philippines, London

SPRINGFIELD, Ill. (AP) — Former Illinois lawmaker and gubernatorial candidate William “Sam” McCann abruptly pleaded guilty on Thursday to nine felony counts of wire fraud, money laundering and tax evasion, halting his federal corruption trial over misusing up to $550,000 in campaign contributions. The seven counts of wire fraud and single count of money laundering each carry a sentence of up to 20 years in federal prison. But a complex set of advisory guidelines before Lawless, who set sentencing for June 20, will likely yield a far shorter term. “Are you pleading guilty because you are in fact guilty?” Lawless asked. McCann's trial was repeatedly delayed.

Persons: William “ Sam ” McCann, McCann, Colleen Lawless, Jason Vincent, Lawless, ” Lawless, he’s, “, Timothy Bass, McCann's, “ God's, McCann didn't, Vincent, Instagram, Michael Madigan, ’ ” McCann, I’m, ’ Organizations: Ill, Former Illinois, U.S, Conservative Party of Illinois, International Union of Operating Engineers, FBI, IRS Locations: SPRINGFIELD, Springfield, ”, St, Louis

☆ Madeleine McCann Suspect to Face Trial on Separate Sex Assault Charges
▼ + stars: | 2024-02-15 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BERLIN (Reuters) - The main suspect in the 2007 disappearance of British toddler Madeleine McCann goes on trial in Germany on Friday on separate charges relating to child sexual abuse crimes in Portugal. He has not yet been required to enter a plea and his legal team have made no public comment about the charges. Portuguese prosecutors in the disappearance of the British child identified as an official suspect a person whose details corresponded to that of Brueckner two years ago. Brueckner has denied being involved in the disappearance and has not been charged with any crime related to it. McCann disappeared from her bedroom on May 3, 2007, during a family holiday while her parents were dining with friends nearby in the resort of Praia da Luz.

Persons: Madeleine McCann, Christian Brueckner, McCann, Brueckner, Thomas Escritt, Alison Williams Organizations: BERLIN Locations: Germany, Portugal, Portugal's Algarve, Brunswick, Algarve, knifepoint, Praia da Luz

☆ 3 signs the economy is thriving — and 3 red flags to monitor
▼ + stars: | 2024-02-15 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +10 min

Positive labor market data and GDP growth support this, but job opportunities in some sectors are down. Not all job data is positive, with job openings falling from their post-pandemic highs. Below are some of the signs the economy is thriving, as well as some warning signs. Labor market data is mostly positiveThe labor market is still stable despite gradually slowing, Kimbrough said during the forum. "I think the investment side of our economy is going to start to chip away a little bit at the discretionary consumption weight in our economy."

Persons: —, Marc Giannoni, LinkedIn's Karin Kimbrough, Charles Schwab's Liz Ann Sonders, Giannoni, Kimbrough, Jerome Powell, Powell, NerdWallet's Elizabeth Renter, Sonders, They're, there’s, there's, — Kimbrough, it’s Organizations: Federal, Service, Barclays, NYU Stern Economic, Labor, Conference, University of Michigan's, Market Committee, Health, New, New York City Housing Locations: York, New York City

☆ These oil companies could be the next takeover targets in Permian Basin after Diamondback deal
▼ + stars: | 2024-02-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Diamondback Energy took one of the last major, privately held operators in the Permian off the table this week when it agreed to buy Endeavor Energy Resources for $26 billion. The deal is poised to catapult Diamondback into the top tier in the Permian, the most prolific oil patch in the U.S. that stretches from western Texas into southeastern New Mexico. The top six companies in the Permian are set to own 62% of the basin's remaining oil reserves, according to Rystad Energy. The stubborn holdouts After the Diamondback-Endeavor and Occidental-CrownRock deals, the only other major privately held producers left in the Permian are Continental Resources and Mewbourne Oil. Conoco could potentially seek to acquire Permian Resources , Civitas , Coterra, Vital Energy or Ovintiv , Bernstein said.

Persons: Matthew Bernstein, Bernstein, Hess, Andy Lipow, Neal Dingmann, Mewbourne, Dingmann, Ovintiv, Enerplus, Bob Yawger, Yawger, weren't, Ryan Lance, Lance, Conoco, EOG Organizations: Diamondback Energy, Endeavor Energy Resources, Diamondback, Exxon Mobil, Chevron, Rystad Energy, Truist Securities, CRFA Research, Endeavor, CNBC, Exxon, Natural Resources, Occidental, Lipow Oil Associates, Resources, Mewbourne, Continental, Publicly, Civitas, Coterra, Vital Energy, Devon Energy, Marathon Oil, Bloomberg News, Marathon, Reuters, CFRA, ConocoPhillips, Mizuho Locations: U.S, Texas, New Mexico, Guyana, Devon, Bakken, North Dakota, Occidental, Mizuho Americas, Marathon

☆ Congress acted to protect NATO. But it might not be enough to stop Trump
▼ + stars: | 2024-02-13 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

Bettmann Archive/Getty ImagesPulling American generals out of NATO might force other NATO countries to seek their own nuclear deterrents. More members hit 2% benchmarkTrump frequently complains that NATO members other than the US don’t pay dues, which is a misstatement of facts. Multiple NATO countries do not hit that benchmark, although spending has risen since Russia’s invasion of Ukraine. “It’s just like any relationship,” said Bergmann of the likelihood of permanent damage if Trump were to materially alter the NATO alliance. I know exactly what he has done and will do with the NATO alliance,” Rubio said, although he added, “But there has to be an alliance.”

Persons: Donald Trump’s, Joe Biden, Trump, “, Biden, Peter Bergen, Vladimir Putin, CNN’s Jim Sciutto, ” Sciutto, What’s, Kurt Volker, Chip Somodevilla, Volker, ” Volker, “ It’s, ”, Dwight D, Eisenhower, Max Bergmann, Bergmann, It’s, ” Marco Rubio, Sen, Marco Rubio, ” Rubio, he’s Organizations: CNN — Lawmakers, Trump, NATO, Republicans, Ukraine, CNN, Biden, Senate, House Intelligence, Allied, Eurasia Program, Center for Strategic, International Studies, Palais, Bettmann, World Trade Center, Pentagon Locations: Russia, “, Russian, Soviet Union, NATO, United States, Atlantic, Washington ,, Europe, American, Chaillot, Sweden, Finland, Ukraine, Afghanistan, France, Marco Rubio of Florida, “ State

☆ A Gen Xer moved from California to Colombia after overcoming a rare disease. The cost of living is much cheaper, and life is more peaceful.
▼ + stars: | 2024-02-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Andy Wiesmann, 62, settled in Medellín, Colombia, after spending much of his life in California's Inland Empire. He couldn't afford an apartment in California, and he decided to move out of the country to preserve his health and happiness. Leaving California for MexicoWiesmann grew up about 60 miles east of Los Angeles and spent most of his life there. His relationship ended amid his hospital stay, and he moved back to California — though he didn't have any place to stay. Wiesmann said he has little intention of leaving Colombia except for vacations to see his kids in California and New York.

Persons: Andy Wiesmann, Wiesmann, I've, Mexico Wiesmann, he's, he'll, they're Organizations: Service, Golden State, Business, US Locations: Medellín, Colombia, Inland, Golden, California, Mexico, Los Angeles, East, Africa, Virginia, United States, Cabo San Lucas, cafés, Bogota, New York, South America

☆ AI might be reading your Slack messages: 'A lot of this becomes thought crime'
▼ + stars: | 2024-02-09 | by ( Hayden Field | ) www.cnbc.com time to read: +11 min

Aware's analytics tool — the one that monitors employee sentiment and toxicity — doesn't have the ability to flag individual employee names, according to Schumann. Speaking broadly about employee surveillance AI rather than Aware's technology specifically, Williams told CNBC: "A lot of this becomes thought crime." When including other types of content being shared, such as images and videos, Aware's analytics AI analyzes more than 100 million pieces of content every day. "It's always tracking real-time employee sentiment, and it's always tracking real-time toxicity," Schumann said of the analytics tool. Amba Kak, executive director of the AI Now Institute at New York University, worries about using AI to help determine what's considered risky behavior.

Persons: George Orwell, there's, Slack, Jeff Schumann, Schumann, Jutta Williams, Williams, chatbot, he's, Orwell, Rather, Amba Kak, Kak, they're Organizations: Istock, Microsoft, U.S, Walmart, Delta Air Lines, Mobile, Chevron, Starbucks, Nestle, AstraZeneca, CNBC didn't, Delta, CNBC, Humane Intelligence, Goldman Sachs Asset Management, Nationwide, CBS, Meta, New York University, Federal Trade Commission, Justice Department, Opportunity Commission Locations: Columbus , Ohio, Chevron, United States, Slack

☆ Climate scientist Michael Mann awarded more than $1 million in damages from conservative writers who defamed his work
▼ + stars: | 2024-02-09 | by ( David Goldman | Paradise Afshar | ) edition.cnn.com time to read: +2 min

CNN —A jury has awarded climate scientist Michael Mann more than $1 million in a defamation lawsuit he brought against a former scholar and a media personality who lampooned Mann’s work. A jury in the Washington, DC, Superior Court civil case awarded Mann $1 million in punitive damages and a dollar from each defendant in compensatory damages. Mann had also sued the National Review and Competitive Enterprise Institute. Mann intends to appeal that 2021 decision, which said the Competitive Enterprise Institute and National Review could not be held liable for defamation, according to multiple reports. However, Mann’s is the latest in a recent string of defamation trial victories for plaintiffs or large settlements – most notably including E. Jean Carrol’s $83.3 million verdict against former President Donald Trump.

Persons: Michael Mann, Mann’s, Mann, Rand Simberg, Mark Steyn, Jerry Sandusky, “ Mann, ” Steyn, Simberg, Steyn, “, ” Mann, Mike Mann’s, Pete Fontaine, Jean Carrol’s, Donald Trump Organizations: CNN, Competitive Enterprise Institute, National, Pennsylvania State, Superior, DC, Court, X, Fox Corp Locations: Washington, DC, United States

☆ Cristóbal Del Sobar: Chilean golfer sets new PGA Tour record round
▼ + stars: | 2024-02-09 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

CNN —Cristóbal del Solar wrote his name into the history books on Thursday, as the Chilean golfer shot a 13-under 57 at the Astara Golf Championship to set the new record for the lowest round ever shot at a PGA Tour-sanctioned event. Del Solar’s bogey-free feat bests the previous record set by Germany’s Stephan Jaeger and “Mr. “Incredible, man,” del Solar told reporters. “Hopefully, I’ll celebrate Sunday as well,” del Solar added. Last week, del Solar’s Chilean compatriot Joaquin Niemann shot a 12-under 59 at the LIV Golf season opener in Mayakoba, Mexico, carding an eagle and 10 birdies.

Persons: CNN —, Del Solar’s, Germany’s Stephan Jaeger, “ Mr, Jim Furyk, Ellie Mae Classic, ”, “, You’re, ’ “, Hector Vivas, Brian Campbell, Michael Johnson, Ireland’s David Carey, Joaquin Niemann Organizations: CNN, Florida State, Country Club de Bogotá, PGA, Paco, PGA Tour’s, Solar, LIV Locations: Chilean, Bogota, Colombia, Mayakoba, Mexico

☆ Germany Silent on Putin's Call to Free Russian Hitman
▼ + stars: | 2024-02-09 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Rene Wagner and Thomas EscrittBERLIN (Reuters) - Germany declined to be drawn on Friday on whether talks were underway on swapping a Russian state hitman serving a life sentence in a German prison for detained U.S. journalist Evan Gershkovich, an idea floated by Russian President Vladimir Putin. "I can't say anything on that," deputy government spokeswoman Christiane Hoffmann said when asked if Russia was seeking such an exchange. "I don't want to address this concrete case, please," she added when asked if Germany was in touch with the United States on the matter. People in the entourage of Chancellor Olaf Scholz, who is visiting Washington for talks with President Joe Biden, also declined to comment. (Additional reporting by Andreas Rinke in Washington, writing by Thomas Escritt, editing by Rachel More and Angus MacSwan)

Persons: Rene Wagner, Thomas Escritt BERLIN, Evan Gershkovich, Vladimir Putin, Gershkovich, Christiane Hoffmann, Olaf Scholz, Joe Biden, Putin, Vadim Krasikov, Kai Cornelius, Andreas Rinke, Thomas Escritt, Rachel More, Angus MacSwan Organizations: U.S, Wall, Hamburg University Locations: Germany, Russian, Russia, United States, Washington, Berlin, Chechen, Georgia, Moscow

☆ Navigating Israel’s War When One Spouse Is Jewish, and One Is Not.
▼ + stars: | 2024-02-08 | by ( Marc Tracy | Emma Goldberg | ) www.nytimes.com time to read: +1 min

When Ava Friedmann and Michael Henein were married, they used a tablecloth from Ms. Friedmann’s grandmother as a huppah, or ritual canopy held above the couple in a Jewish wedding. That same braiding of their cultural traditions has steered them over the last three months, as they have talked about the Israel-Hamas war. They decided to read identical news sources about the war to help make sure they stayed on the same page. Many American Jews have reconsidered how they feel about Israel and even their own Jewish identity since the Oct. 7 attack, in which Israeli officials say Hamas militants killed roughly 1,200 people. Israel’s reprisal, a bombing campaign and invasion, has killed more than 26,000 people, Palestinian officials say.

Persons: Ava Friedmann, Michael Henein, Friedmann’s, Henein’s, Henein, ” Ms, Friedmann Locations: Egypt, Israel, Gaza

☆ UN Calls for Mental Health Support for Children Impacted by Gaza War
▼ + stars: | 2024-02-08 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

GENEVA (Reuters) - A United Nations committee appealed on Thursday for "massive psychosocial support" for children traumatised by violence in Gaza, the occupied West Bank and Israel and said it would review Israel's treatment of children later this year. Children and women make up the bulk of the nearly 28,000 people killed during the offensive, according to the authorities in Gaza. War in Israel and Gaza View All 194 ImagesThe Israeli diplomatic mission in Geneva said it would issue a statement on the U.N. committee's comments shortly. UNICEF said last week that nearly all children in Gaza were thought to require mental health support. Israel's military has said it operates against suspected militants in the West Bank.

Persons: Ann Skelton, Skelton, Israel, Gabrielle Tétrault, Farber, Gareth Jones Organizations: United Nations, West Bank, UNICEF, Israel, The West Bank Locations: GENEVA, Gaza, Israel, Geneva

The work brought Mann, then at Penn State but now at University of Pennsylvania, wide exposure. Kate Cell, whose work as senior climate campaign manager at The Union of Concerned Scientists includes tracking climate disinformation, said Mann's case is well-known among other climate scientists. A 2023 poll from The Associated Press-NORC Center for Public Affairs Research found that 91% of Democrats believe climate change is happening, while only 52% of Republicans do. Many scientists have followed Mann’s case for years as misinformation about climate change has grown and many of them have themselves been subjected to attacks. Lidsky was skeptical that Mann’s case would have any broader significance, particularly on social media.

Persons: — It's, molester, Michael Mann, Mann, Al Gore’s Oscar, Rand Simberg, Penn State University —, —, Jerry Sandusky, “ Mann, ” Simberg, Mark Steyn, ” Mann, Simberg, “, ” Steyn, Kate Cell, Lyrissa, Lidsky, ” Organizations: WASHINGTON, Penn State, University of Pennsylvania, United, Competitive Enterprise Institute, Penn State University, The Union of, University of Florida, Associated Press, NORC, for Public Affairs Research Locations: Northern, United Nations, U.S, United States, AP.org

☆ Y Combinator-backed trading app Pluto Markets just raised $2.6 million with this 14-slide pitch deck
▼ + stars: | 2024-02-07 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Pluto Markets, a trading app backed by famed accelerator Y Combinator, has raised $2.6 million in fresh funds. The Danish fintech startup, founded in 2021, wants to upend the market for retail trading offerings in Europe. "Companies raised a lot of money to blitz scale across the EU but have now focused on their core markets. Unlike most fintech brokerages, Pluto secured an EU-wide investment license before it had raised $1 million in funding, having bootstrapped and stayed lean. You can check out Pluto Market's 14-slide pitch deck below:

Persons: Joakim Bruchman, Goldman Sachs, We've, Bruchmann, Pluto, Oscar Vingtoft Organizations: Business, Companies, Trade Republic, Saxo Bank, EU Locations: Danish, Europe, Denmark, France, Germany, Berlin

☆ WeWork cofounder Adam Neumann is reportedly trying to pull a Steve Jobs
▼ + stars: | 2024-02-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Adam Neumann is exploring an offer to buy back the now-bankrupt WeWork, per the NYT. It could be a similar move to Steve Jobs' revival as the Apple CEO, 12 years after he resigned. AdvertisementWeWork cofounder Adam Neumann is exploring an offer to buy the now-bankrupt company, The New York Times' DealBook first reported. Neumann has met with WeWork several times since December to discuss buying it or its assets, or providing it with financing, per the letter. In a statement shared with Business Insider, a WeWork spokesperson said: "WeWork is an extraordinary company.

Persons: Adam Neumann, Steve Jobs, Neumann, Dan Loeb's, —, DealBook, Alex Spiro, WeWork, Jobs, Gil Amelio, Amelio's Organizations: WeWork, Apple, Service, The New York Times, Elon, Flow, NeXT, Macworld, Business

WeWork’s founder is trying to buy itAdam Neumann shot to fame by turning WeWork into a cultural and business phenomenon, before being ousted from the work space operator in dramatic fashion. But for the past several months, he has been trying to buy the now-bankrupt business — with the help of the hedge fund mogul Dan Loeb, DealBook is the first to report. Neumann’s new real estate company Flow Global is pushing WeWork to consider its takeover approach, according to a letter his lawyers sent to WeWork’s advisers on Monday. Flow which has already raised $350 million from the venture capital firm Andreessen Horowitz, disclosed in the letter that Loeb’s Third Point would help finance a transaction. Flow has sought to buy WeWork or its assets, as well as provide bankruptcy financing to keep it afloat.

Persons: Adam Neumann, Dan Loeb, DealBook, Andreessen Horowitz Organizations: Flow

☆ Adam Neumann is trying to buy bankrupt WeWork, DealBook reports
▼ + stars: | 2024-02-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Billionaire Adam Neumann is trying to buy back bankrupt real-estate company WeWork, which he founded in 2010 and was ousted from in 2019, DealBook reported Tuesday. Neumann had tried to arrange financing of up to $1 billion in October 2022 but was rebuffed by former CEO Sandeep Mathrani. WeWork advisors resisted Neumann's efforts but eventually suggested that Neumann provide DIP financing instead of a term sheet, according to the letter. Neumann stepped down in 2019 as the company faced mounting investor concerns over its corporate governance and valuation. Third Point, Neumann and Spiro did not immediately respond to CNBC's request for comment.

Persons: Adam Neumann, DealBook, Neumann, Dan Loeb's, Dealbook, Alex Spiro, Sandeep Mathrani, WeWork, Spiro, Read Locations: Neumann

A cascade of developments followed, including parliamentary hearings in June 2022 over Hockey Canada’s handling of the case and announcements in July 2022 that London police and Hockey Canada would reopen their investigations. CNN also has sought comment from the woman’s lawyer and Hockey Canada. Hockey Canada apologized for its handing of the caseA month after the TSN report, the Canadian government announced in June 2022 that it was freezing federal, public funding for Hockey Canada until the organization had submitted the complete results of its original, two-year investigation and plans for implementing change within Hockey Canada. Renney confirmed during the hearings that Hockey Canada had settled a civil lawsuit that the woman filed in April 2022, but he did not reveal the settlement amount. In July 2022, Hockey Canada published a letter apologizing for it said was inadequate action regarding the assault allegations, and said it was reopening an internal investigation.

Persons: Mike McLeod, Cal Foote, Carter Hart, Dillon Dube, Alex Formenton, McLeod, Katherine Dann, Dann, Thai Truong, “, ”, she’d, Daniel Brown, Lindsay, Formenton, McLeod “, David Humphrey, Seth Weinstein, ” Foote “, ” Hart “, Riaz Sayani, Megan Savard, Dube “, Louis P, Kaleigh Davidson, Dube, Foote, Tom Renney, Renney, CNN’s David Close Organizations: CNN, NHL, Canadian, Canada, New, New Jersey Devils, Devils, Philadelphia Flyers, Calgary Flames, Ottawa, Hockey Canada, London Police, London Police Service, CTV News, CTV, TSN, Hockey, London, Senators, Flames, ” Locations: London , Ontario, New Jersey, London, Switzerland, Swiss, Canada, Hockey Canada

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