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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
The U.S. men’s gymnastics team took America for a ride Monday, capturing their first team medal in 16 years with a thrilling finish on the pommel horse. AdvertisementElsewhere, Canada women’s soccer will try to overcome the six-point deduction levied by FIFA for flying a drone over New Zealand’s training sessions. Tatum, a three-time first-team All-NBA star and second-leading scorer on the Tokyo Olympic team that won gold, was the odd player out with Kevin Durant’s return from a calf strain. ET, 2:44 p.m. in Paris (men)TV: USA Network and PeacockWhat to watch: The women’s and men’s cycling BMX freestyle finals take place at La Concorde Urban Park. But they face stiff competition from Tokyo gold medalist Logan Martin (Australia) and Great Britain’s Kieran Reilly, who led in qualifying.
Persons: Frederick Richard, Paul Juda, Jayson Tatum, Juda, Stephen Nedoroscik, ” Richard, Richard, Brody Malone, Jayson Tatum’s, Steve Kerr, Tatum, Kerr, Kevin Durant’s, ” Kerr, , Tatum ‘, , Sunday benching, Adam Pretty, Katie Ledecky, Ledecky, Ariarne Titmus, Summer McIntosh, Charlotte Worthington of, Hannah Roberts, Marcus Christopher, Justin Dowell, Logan Martin, Britain’s Kieran Reilly, Simone Biles, Dana O’Neil, Gabriel Bouys Organizations: U.S, America, Bercy Arena, FIFA, Paris Games, NBC, Japan, China, USA, Boston Celtics, Americans, Olympic, Serbia, Team USA, South Sudan, Tokyo Olympic, Sunday, Puerto Rico, Network, Universo, U.S ., Australia, Zambia, Germany, Wednesday, Canadian Olympic Committee, Canada Soccer, New Zealand, Colombia, La Concorde Urban, Charlotte Worthington of Great Britain, Tokyo Games, Getty Locations: Paris, Canada, Colombia, U.S, Australia, Sudan, Tokyo, South Sudan, America, Peacock, Zambia, Germany, France, AFP
Read previewWhen Satya Nadella took over as CEO of Microsoft in 2014, he was on a mission to transform the company's culture. A decade later, it's clear that Nadella followed his own counsel as he seeks to establish Microsoft as a dominant force in AI. So, by 2016, Microsoft ditched its mobile business and sold the Nokia phone line to follow Nadella's new vision for the company. This cemented Nadella's vision to build up its open-source software offering, solidifying Nadella's vision to boost Microsoft's open-source software offerings. CFO Amy Hood said on Tuesday that Microsoft's AI bets will be monetized "over 15 years and beyond."
Persons: , Satya Nadella, Nadella, Steve Ballmer, Ballmer, Kevin Scott, Bill Gates, OpenAI, Bing, Nadella isn't, Mustafa Suleyman, Suleyman, Carol Dweck's, Amy Hood Organizations: Service, Microsoft, Business, Nokia, Work Conference Locations: reenergize, OpenAI, ChatGPT
AdvertisementSeveral cities have been trying to take advantage of the new policy, including Dubai, Milan, and more. A recently relocated hedge fund manager in Milan is planning to visit London or New York six or seven times a year going forward. "The best type of knowledge comes from people, from frequent interaction with people," said a Milan-based hedge fund manager. Several people — based in spots such as Dubai, Milan, and Zurich — mentioned that people early in their careers should still prioritize working in the biggest cities though. Moving to the Middle East just to interact with fellow UK ex-pats doesn't add much diversification to a portfolio manager's life.
Persons: , Julian Robertson, Muyshondt, Elena Partners, Steve Cohen's Point72, Sebastian Dickgiesser, Girish Chouhan, aren't, COVID, I'm, Alfonso Peccatiello, he's, Darren Wolf, abrdn, It's, Wolf, Zoom Organizations: Service, Tyrian Investments, Business, Labour, Henley & Partners, United Arab, Eisler Capital, Capstone Investment Advisors, Getty, London, Investors, , pats Locations: New York, Cascais, Portugal, Lisbon, London, Florida, Hong Kong, Dubai, Milan, China, United Arab Emirates, Italy, Point72, Girish Chouhan Dubai, Abu Dhabi, India, East, Europe, Madrid, Zurich, Amsterdam, Netherlands, Brera, , Milan's Brera, UAE
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA September rate cut is still only 50-50, says Morgan Stanley Investment Management’s Jim CaronCNBC’s Steve Liesman with JPMorgan’s David Kelly, Wolfe Research’s Stephanie Roth and Morgan Stanley Investment Management’s Jim Caron, join ‘Power Lunch’ to react to the Fed’s decision to leave rates unchanged.
Persons: Morgan Stanley, Jim Caron CNBC’s Steve Liesman, JPMorgan’s David Kelly, Wolfe, Stephanie Roth, Jim Caron Organizations: Morgan Stanley Investment, Morgan
According to an S&P Global analysis, the global semiconductor industry consumed as much water in 2021 as the city of Hong Kong. Water consumption for chip fabs and data centers will rise as the demand for chips grows. The chip fabs stored the TCE underground, but tanks sometimes ruptured, leaking the chemical into the local groundwater and soil. Now, chip fabs must work with local governments to meet water management and waste disposal requirements. Several researchers are investigating ways to reduce and recycle water in chip manufacturing.
Persons: , Prakash Govindan, Steve Proehl, Packard, Govindan, he's, fabs, Paul Westerhoff, TSMC, Jensen Huang, Huang, Anuradha Murthy Agarwal, Agarwal Organizations: Service, Business, Intel, AMD, Philips, Hewlett, Environmental, Agency, Arizona State University, Micron, Nvidia, MIT's Materials Research Laboratory Locations: Hong Kong, Taiwan, American, Santa Clara , California, Valley's Santa Clara County, . Arizona, Colorado, Phoenix, Denver
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is in a 'delicious place' to recalibrate the rate back to neutral, says Paul McCulleyPaul McCulley, former PIMCO chief economist, and CNBC's Steve Liesman join 'The Exchange' to discuss expectations for the upcoming Fed meeting, macro outlooks, and more.
Persons: Paul McCulley Paul McCulley, Steve Liesman
Microsoft's AI spending comes into focus ahead of earnings
  + stars: | 2024-07-30 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft's AI spending comes into focus ahead of earningsCNBC's Steve Kovach reports on key things to monitor ahead of Microsoft's earnings results.
Persons: Steve Kovach
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Loop Capital's Rob Sanderson and Wedbush's Dan IvesLoop Capital’s Rob Sanderson, Wedbush’s Dan Ives, and CNBC's Steve Kovach join 'Power Lunch' to discuss how big tech companies like Microsoft, Meta, and Amazon will perform as the tech giants are scheduled to report their earnings this upcoming week.
Persons: Rob Sanderson, Wedbush's Dan Ives, Wedbush’s Dan Ives, Steve Kovach Organizations: Microsoft, Meta, Amazon
CNN —Former President Donald Trump’s remarks to the annual Bitcoin conference on Saturday were delayed for about an hour after two individuals were removed from the premises for “not following proper entry protocols,” the United States Secret Service said. The two individuals were credentialed, the Secret Service said, adding that there was no “protective interest with these individuals.”The agency determined there was “never a threat to the former president,” a Secret Service spokesperson told CNN. The former president ultimately took the stage alone and no indication of a potential security issue was relayed to the crowd. The actions of the Secret Service that day led to bipartisan condemnation of the agency and the resignation of USSS Director Kimberly Cheatle. Acting Secret Service Director Ronald Rowe is set to appear before a Senate panel on Tuesday to discuss how the agency will approve security measures in the wake of the assassination attempt.
Persons: Donald Trump’s, , , Trump, Thomas Matthews Crooks, Kimberly Cheatle, Ronald Rowe Organizations: CNN, United States Secret Service, Service, Secret Service, Trump, New, New York Post, Music City Center Locations: , New York, Nashville, Butler , Pennsylvania
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Fed Survey: 81% of respondents expect first rate cut in SeptemberCNBC's Steve Liesman reports on the latest news from the most recent CNBC Federal Reserve Survey.
Persons: Steve Liesman Organizations: CNBC, CNBC Federal Reserve Survey
The dustup in Fulton County is just one example of the election certification fights already cropping up in battleground states, from Georgia to Michigan to Nevada this year. Certification fights also popped up in 2022 and in 2020, though certification ultimately moved ahead in each of those instances. “They don’t like me.”But by early 2024, she was being sworn in to serve on her local election board. “The other issues that are going on or have gone in Fulton County I think are irrelevant.”Representatives for Fulton County declined to comment. The State Election Board is also considering changes that could allow board members to conduct inquiries and demand documents before certification.
Persons: Julie Adams, Adams, , Stephanie Jackson Ali, Mike Berry, “ Miss Adams, ” Berry, ” Adams, they’re, they’ve, , you’re, Cleta Mitchell, Mitchell, “ She’s, ” Mitchell, Steve Bannon’s, Matt Rourke, , Berry, , Miss Adams, stokes, Megan Bellamy, Nadine Williams, Adams pored, CNN’s Kimberly Berryman Organizations: CNN, Fulton County, Registration, New, New Georgia Project, Washoe, Trump, Policy, Republican Party, Republican, Pennsylvania, Conference, , South East, South East Georgia Republican Assembly Locations: Georgia, Fulton, Fulton County, Michigan, Nevada, New Georgia, Washoe County’s, Delta County , Michigan, , Camp Hill, Pa, Fulton County’s, Savannah, South East Georgia
Microsoft's AI spending in focus ahead of earnings
  + stars: | 2024-07-30 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft's AI spending in focus ahead of earningsCNBC's Steve Kovach joins 'Power Lunch' to discuss Microsoft ahead of the company's earnings today after the bell.
Persons: Steve Kovach Organizations: Microsoft
CNN —The director of Project 2025, the conservative blueprint for a potential second Donald Trump term, has stepped down amid intense criticism including from the former president. In addition to stepping down from Project 2025, Dans is also leaving the Heritage Foundation. “Project 2025 is on the ballot because Donald Trump is on the ballot,” Harris campaign manager Julie Chavez Rodriguez said. But Project 2025 has lately become a lightning rod for other ideas Trump hasn’t explicitly backed. He has also assured Trump’s supporters that Project 2025 would become a reality if the former president returned to 1600 Pennsylvania Avenue.
Persons: Donald Trump, Paul Dans, Trump’s, Trump, Chris LaCivita, Kevin Roberts, ” Roberts, ” LaCivita, Susie Wiles, , , President Trump, Kamala Harris ’, Harris, Joe Biden, ” Harris, Julie Chavez Rodriguez, Steve Bannon’s, ” “, ” Dans, Em Steck Organizations: CNN, Trump, Heritage Foundation, Heritage, , Leadership, Affordable, National Weather Service, Mandate, Management, White Locations: Nashville
We're on the verge of a rate cycle, says Huntington Bancshares CEO Steve SteinourHuntington Bancshares Chairman, President and CEO Steve Steinour joins 'Mad Money' host Jim Cramer to talk the state of banking, lending environment, what's next from the Fed and more.
Persons: Huntington, Steve Steinour Huntington, Steve Steinour, Jim Cramer
Hannah Kendall Writes Music With a Vocabulary of Her Own
  + stars: | 2024-07-30 | by ( Steve Smith | ) www.nytimes.com   time to read: +1 min
He was 23, and the recent deaths of his older brother and sister-in-law surely cast a pall on his state of mind. The Festival Orchestra of Lincoln Center will play Kendall’s piece on a program that also includes Schumann’s Second Symphony. What it takes to be an artist today, Kendall explained, is a regular topic of discussion among her circle of friends and peers. “Our well-being, mental and physical, is something that crops up on a daily basis,” she said. Some composers, like Julia Adolphe, Nico Muhly and Aaron Helgeson, have begun to air mental-health concerns and struggles in public, in blog posts and on podcasts.
Persons: Robert Schumann, melancholia, , ” Hannah Kendall, ” Kendall, Kendall, , Julia Adolphe, Nico Muhly, Aaron Helgeson Organizations: Lincoln Center —, Orchestra, Lincoln Center Locations: British, New York
To start let's examine the 200-day moving average on the daily chart below shown as a dashed blue line. Looking back to the most recent correction in April, that was the support level of the price-to-moving average spread: 34%. We could be approaching a support level based on this analysis. This could occur by price continuing to move lower along with the moving average trending higher as the recent higher price readings factor into the average. The 50-day moving average of the daily volume totals is clearly in a decline since April.
Persons: Steve Eisman, Eisman, We're, Todd Gordon, Gordon, NVDA Organizations: CNBC, Nvidia, Jan, Edge, Inside Edge, NBC UNIVERSAL Locations: NVDA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bleakley's Peter Boockvar and Fundstrat's Tom LeePeter Boockvar, Bleakley Financial Group CIO'; Tom Lee, Fundstrat Global Advisors managing partner and head of research; and CNBC’s Steve Liesman join 'The Exchange' to discuss their projections on the next Fed rate decision.
Persons: Bleakley's Peter Boockvar, Tom Lee Peter Boockvar, Tom Lee, Steve Liesman Organizations: Bleakley Financial, Fundstrat Global Advisors
McKissack, 63, is the founder and CEO of Washington D.C.-based construction firm McKissack & McKissack, which she launched with $1,000 from her savings in 1990. She churned through employees who weren't the right fit in her company's early years and the business struggled, she says. These three red flags stand out the most when McKissack is hiring employees or evaluating her current talent, she says. People who lack integrityEvery boss needs to be able to trust their employees, McKissack says. "If I don't want to be in their presence, then no one wants to be in their presence, usually" she says.
Persons: McKissack, they're, Heidi K, Gardner, Steve Adcock, Adcock Organizations: Washington D.C, CNBC, Harvard Law School
Boeing may have narrowed its CEO search to four candidates, including Kelly Ortberg. Current CEO Dave Calhoun said he will step down by year-end after the Alaska Airlines disaster. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe race for Boeing's new chief may be down to four candidates, including a new name. Kelly Ortberg, the former CEO of aerospace company Rockwell Collins, is seriously being considered for the position of Boeing's chief, trade publication The Air Current reported on Sunday, citing industry officials.
Persons: Kelly Ortberg, Dave Calhoun, Stephanie Pope, Pat Shanahan, Steve Mollenkopf, , Rockwell Collins Organizations: Boeing, Alaska Airlines, Service, Rockwell, Business
Here's what to expect from the Fed's rate decision this week
  + stars: | 2024-07-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what to expect from the Fed's rate decision this weekCNBC's Steve Liesman reports on what investors need to know ahead of the Federal Reserve's next meeting.
Persons: Steve Liesman Organizations: Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBleakley's Peter Boockvar: Powell may be cautious about rate cut for credibility reasonsPeter Boockvar, Bleakley Financial Group CIO,Tom Lee, Fundstrat Global Advisors managing partner and head of research, and CNBC’s Steve Liesman join 'The Exchange' to discuss their projections on the next Fed rate decision.
Persons: Peter Boockvar, Powell, Tom Lee, Steve Liesman Organizations: Bleakley Financial, Fundstrat Global Advisors
US stocks rose as investors anticipate key economic data and earnings results this week. Major companies like Apple, Microsoft, and Amazon will release second-quarter earnings results this week. AdvertisementUS stocks edged higher on Monday as investors prepare for a big week ahead filled with important economic data and earnings results. Investors are instead expecting a 100% chance that the Fed cuts interest rates at its September FOMC meeting. Finally, it's a big week for earnings results, with about 34% of S&P 500 companies set to release their second-quarter results this week.
Persons: , Steve Sosnick Organizations: Apple, Microsoft, Service, Interactive, Here's
We've compiled a comprehensive guide on where to watch Emmy-nominated shows, including series from the outstanding drama and comedy categories. With Succession over and out of the running, the best drama series category has opened up for a new potential champion. Slow HorsesWhile Apple TV+ shows often fly under the radar, three programs snagged best series nominations across both drama and categories this year. 3 Body Problem received six nominations, including Outstanding Drama Series and five technical categories. Reservation DogsThe punchy and poignant Reservation Dogs finally picked up an Outstanding Comedy nomination in its third and final season.
Persons: it's, We've, Ted Lasso, Hulu, Max, Fflyn Edwards, Elizabeth Debicki, Rufus Kampa, Daniel Escale, Netflix's Queen Elizabeth II, Princess Diana's, Imelda Staunton, Walton Goggins, Downton, Carrie Coon, Christine Baranski, Reese Witherspoon, Jennifer Aniston's, Witherspoon, Aniston, Smith Donald Glover's, Smith ., Francesca Sloane, Glover, Maya Erskine, Erskine, James Clavell, Gary Oldman, Liu Cixin's, Quinta Brunson, Tyler James Williams, Gilles Mingasson Abbott, Jeremy Allen White, Ayo, Larry David's, David, Jean Smart, Hannah Einbinder, Steve Martin, Martin Short, Selena Gomez, Meryl Streep, Kristen Wiig's, Carol Burnett, Laura Dern, Ricky Martin, D'Pharaoh Woon, Matt Berry Organizations: Business, Netflix, Apple, The, Downton Abbey, Hulu, ABC, Abbott, FX Locations: Palm, York, America, Atlanta, British intelligence's, Philadelphia, Chicago, Vegas, Hulu, Beach, Oklahoma, California, Staten
Read previewWarning: Major spoilers ahead for season two, episode seven of "House of the Dragon." The massacre scene at the end of "House of the Dragon" episode seven may be brutal to watch, but a cinematographer told Business Insider that it was "unpleasant" to film, too. The "scary part" was that the crew didn't have much time to shoot such a crucial scene, Černjul added. Ulf White's dragon scene was filmed on the same bluescreen stageUlf the White (Tom Bennett) was introduced in "House of the Dragon" season two. "He was talking to them in real time, and then he would basically almost turn into a dragon," Černjul said.
Persons: , Rhaenyra Targaryen, Emma D'Arcy, Rhaenyra, Corlys Velaryon's, Steve Touissant, Hugh Hammer, Kieran Bew, Vermithor, Ulf White, Tom Bennett, Silverwing, Černjul, Harry Collett, Theo Whiteman, HBO Černjul, Hugh Hammer's, Loni Peristere, Hugh, King Viserys, Paddy Considine, Daemon Targaryen, Matt Smith, Ulf, White, Ollie Upton, Baelon, Daemon, Peristere Organizations: Service, Business, HBO, Warner Bros, Leavesden Studios, Max Locations: Hull, Dragonstone, Watford, England, Rhaenyra
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