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CNN —Incoming Utah State cornerback Andre Seldon Jr. died Saturday in an apparent cliff-diving accident at a reservoir about 20 miles from the school’s campus, the university said in a statement. The university identified the victim as Seldon, 22, who was joining the football team this year after two seasons at New Mexico State University and two at the University of Michigan. “Our football program is heartbroken to have to endure the loss of one of our own,” said Utah State interim Head Coach Nate Dreiling, who had joined the program after serving as New Mexico State’s defensive coordinator for two seasons. Seldon, who played all 15 New Mexico State games in 2023, transferred into the football program over the summer and was set to start classes this fall, according to the university. “Having had a previous relationship with Andre during our time together at New Mexico State, I can tell you he was an incredible person and teammate,” Dreiling said.
Persons: Andre Seldon Jr, Seldon, , Nate Dreiling, Andre, ” Dreiling, , ” Seldon, Danielle Smith, Andre Seldon Sr Organizations: CNN — Incoming Utah State, Utah Department of Public Safety, New Mexico State University, University of Michigan, Utah State, New Mexico State’s, New Mexico State, , New, Athletics Locations: Utah, New Mexico, New Mexico State
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. On July 15, Starboard sent a letter to Match highlighting various opportunities to improve operations, financial results and capital allocation. Match's EBITDA margin of 36% may be high for an average company, but it's low for a company like Match. Starboard thinks that this is a highly valuable asset that may be well-suited to operate as a private company. Starboard is not the first activist to launch a public campaign at Match.
Persons: Russell, Bernard Kim's, Jeff Smith, Thomas McInerney, Smith, Elliott, Ken Squire Organizations: IAC, Altaba, Yahoo, Elliott Management, Anson, 13D
Citi lost 17 bankers from its successful workplace-wealth group to BMO. from its successful workplace-wealth group to The exodus follows the exit of unit head Naz Vahid and at least 24 other senior wealth executives. The best-in-class unit lost 17 bankers on Friday to Bank of Montreal, two former senior executives told Business Insider. The exodus includes the head of the law firm business and interim head of Wealth at Work, Joe Ryan. This story is available exclusively to Business Insider subscribers.
Persons: Naz Vahid, Andy Sieg, , , Joe Ryan Organizations: Citi, BMO, Service, Citigroup, Bank of, Business Locations: Bank of Montreal
Ben Sasse, the president of the University of Florida and a former Republican senator from Nebraska, announced Thursday that he was resigning his position so he could dedicate more time and attention to his ailing wife. Dr. Sasse, 52, took office in early February 2023. “I’ve got two spectacular callings in life right now: First, I’m a husband and dad,” Dr. Sasse wrote. “Second, I’ve been blessed to serve as president of the best dang public university in America — Go Gators! — and I’ve loved the challenge of giving this university everything I’ve got.
Persons: Ben Sasse, Sasse, Mori Hosseini, Melissa, “ I’ve, I’m, , I’ve, America — Organizations: University of Florida, Republican Locations: Nebraska, America
Read previewThe drinks will keep flowing at Donald Trump's New Jersey golf courses, at least for now, in the latest ripple-effect benefit from this month's Supreme Court presidential-immunity opinion. The hearing is being pushed back due to the delay in Trump's sentencing in his hush money case, officials explained. AdvertisementNothing else about "ABC's process" has changed, the spokesperson said, signaling that their efforts to challenge Trump's licenses have not ended. AdvertisementAs Business Insider revealed last month, Trump's three Jersey liquor licenses are in his eldest son's name. Trump has said in a press statement that none of the liquor licenses at his properties are in his own name.
Persons: , Donald Trump's, it's, Friday's, Pine Hill —, Trump, Matthew J, Platkin, Donald J, SCOTUS Organizations: Service, Trump National Bedminster, Trump National Golf Club, New, New Jersey Office, Business, Alcoholic Beverage Control, ABC, Bedminster, Colts, Trump National Philadelphia —, Trump Revocable Trust, Trump, Manhattan Locations: Donald Trump's New Jersey, Colts, New Jersey, Manhattan, Pine Hill, Jersey, Florida
An influential government body gave what amounts to strong support Thursday to one of the main planks of the new British government’s plans to revitalize the economy: a crash program to accelerate efforts for dealing with climate change. Britain is legally required to achieve net zero emissions by 2050. “The new government will have to act fast to hit the country’s commitments,” the committee said. Speeding up the building of wind farms and solar farms is precisely what the new government of Prime Minister Keir Starmer wants to do. Mr. Starmer is betting that tackling climate change will not only help protect the environment but stimulate what has been a stagnant British economy.
Persons: Keir Starmer, Starmer Locations: Britain
The best Prime Day deals are the ones that let you fill a need in your life while saving a few bucks. Read on for our editor's personal picks from this year's sale, and catch the remaining sales in our main Prime Day deals hub. Amazon Prime Day deals our experts bought themselvesI'm moving from a huge home in Kansas to a tiny apartment in New York City. I used Prime Day as an opportunity to downsize to a smaller model that was recommended by our air fryer expert. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for more.
Persons: you've, Read, fryer, — Lauren Savoie, I've, It's, Samantha Crozier, Gabrielle Chase, Sam, Sally Kaplan, TCL, Brendan Griffiths, Anker, — James Brains, — Sally Kaplan, Dot, — Christopher Meinck, They're, it's, — Jaclyn Turner, Lauren Savoie, I'm, I'd, — John Lynch, They've, Mandolines, NoCry, Les Shu Organizations: Business, Amazon Prime, Sony, Microsoft, Taco Bell, Lenovo, Echo, Commerce, JW, JW PEI, Love Locations: Kansas, New York City, Taco, Crystal City, Hawaii, Brooklyn, Europe
CNN —The CIA has assessed that the leader of Hamas in Gaza, Yahya Sinwar, is coming under increased pressure from his own military commanders to accept a ceasefire deal and end the war with Israel, CIA Director Bill Burns told a closed-door conference on Saturday, according to a source who attended. The increased pressure on Sinwar comes as Hamas and Israel have agreed to a framework deal that that President Joe Biden laid out at the end of May. That’s what US officials have said is being used as the basis to an agreement to end the fighting. Of the three most senior Hamas leaders in Gaza, Israel is believed to have found and killed just one: Marwan Issa, the second in command of the military wing. There are still “tough issues to resolve,” a source familiar with the talks told CNN after Burns’ meetings in Doha.
Persons: Yahya Sinwar, Bill Burns, Burns, Khan Younis, Burns –, Biden, , Joe Biden, Saturday Burns, Benjamin Netanyahu, ” Biden, , Marwan Issa, Mohammed Deif, Deif, Israel, Netanyahu, there’s “ Organizations: CNN, CIA, Sinwar, Hamas, Allen & Company, titans, Gaza’s Ministry of Health, Israel, Associated Press Locations: Gaza, Israel, Sun Valley , Idaho, That’s, Qatar, Egypt, Israeli, Tel Aviv, Sinwar, Doha
The company also posted bleak guidance on earnings and revenue for the second quarter. Interactive Brokers — The electronic broker gained about 1% after beating adjusted earnings and revenue expectations for the second quarter. Interactive Brokers posted adjusted earnings of $1.76 on revenue of $1.29 billion, while analysts expected $1.74 per share in earnings on $1.27 billion in revenue, per LSEG. Earnings came out at $1.32 per share, while analysts polled by LSEG expected $1.52 per share. Omnicom posted a slight beat in revenue, however, reporting $3.85 billion, while analysts polled by FactSet expected $3.83 billion.
Persons: Joel Anderson, Kenneth Bull, J.B, LSEG, FactSet, Omnicom, Hancock Whitney —, Hancock Whitney, Darla Mercado Organizations: Hunt Transport, Revenue
An Amazon workers pull a cart of packages for delivery on E 14th Street on July 12, 2022 in New York City. Amazon Prime Day, the 48-hour discount blitz that kicks off Tuesday, is a "major" cause of worker injuries, according to the preliminary results of a Senate probe. The Senate's Health, Education, Labor and Pensions (HELP) Committee on Tuesday released the interim results of a yearlong investigation into Amazon's warehouse working conditions just as the company holds its annual Prime Day deals event. The report cites an internal Amazon document, titled "2021 Prime Day Lessons Learned," which states Amazon "met only 71.2 percent of its hiring target," between May and June of 2021, ending the week of that year's Prime Day event. Amazon has faced scrutiny in recent years over its workplace injury record and its treatment of warehouse and delivery workers.
Persons: Sen, Bernie Sanders, Kelly Nantel, Nantel, It's, it's Organizations: Amazon, Health, Education, Labor, Pensions, Occupational Safety, Health Administration, OSHA, U.S, Attorney's, U.S . Department of Justice Locations: New York City, Vermont, U.S
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In hopes of regaining compliance, CEO Jane Fraser bulked up a firm-wide initiative to overhaul the bank's technology. The head count for the so-called "Transformation" program has soared to 12,000 from some 3,000 since 2021, according to earnings reports. Citi's technology shortcomings are old news, according to Wells Fargo analyst Mike Mayo. Kathleen Martin, former interim data transformation chair, is suing the bank and Anand Selvakesari, the bank's chief operations officer who oversees Transformation.
Persons: , Jane Fraser bulked, Wells, Mike Mayo, Mayo, Fraser, We're, We've, Jane Fraser, SAUL LOEB, Janney Montgomery Scott, Timothy Coffey, Kathleen Martin, Anand Selvakesari, Martin, Selva, Hayley Cuccinello Organizations: Service, Citigroup, Citi, Business, Federal Reserve Board, Revlon, OCC, Citi —, Federal Reserve, Reuters Locations: Wells Fargo, United States, Selva, hcuccinello@businessinsider.com
“It’s not like Biden’s inner circle didn’t know this,” one Democratic strategist close to the White House said of the extent of the president’s recent decline. “Expect a drip, drip, drip,” said one former Biden White House official. “Blinders are off and everyone is aware,” one source close to the White House told CNN. “He’s declined,” one House Democratic lawmaker who attended the gala told CNN. She wields influence in the White House and campaign, and sits in on some of the president’s political meetings.
Persons: Joe Biden, George Clooney wasn’t, Biden, , , Barack Obama, Obama, Bill Clinton, “ He’s, , , Camp David, “ It’s, Tom Vilsack –, Andrew Bates, “ Joe Biden, ” Bates, Jens Stoltenberg, Keir Starmer, Jacquelyn Martin, Nancy Pelosi, Lester Holt, Ari Emanuel, Ron Klain, ” Emanuel, Klain, Emanuel, Bates, Brett McGurk, Xi Jinping, Kevin Lamarque, Lady Jill Biden, Hunter Biden’s, Emmanuel Macron, Jill Many, Jill Biden, Chris Kleponis, “ She’s, she’s, Jill Biden’s, Valerie Biden Owens, Jill, Valerie won’t, CNN’s Priscilla Alvarez, Kylie Atwood, Betsy Klein, Arlette Saenz, Phil Mattingly Organizations: CNN, Peacock Theater, Radio City Music Hall, Democrat, White, Democratic, Biden, Camp, Los, , Biden White House, NATO, British, AP, MSNBC, NBC, White House, Congressional Hispanic Caucus, Economic Cooperation, Getty, Democratic Party Locations: Los Angeles, Italy, California, New York, Washington, Las Vegas, Aspen , Colorado, United States, Filoli, Asia, Woodside , California, Wilmington , Delaware, Paris, France, Wilmington, Pennsylvania, AFP
We've compiled everything you need to know about how to buy UFC 304 tickets. UFC 304 will see Leon Edwards and Belal Muhammad fight for Edwards' welterweight champion title, following their 2021 UFC Fight Night bout that ended in no contest after Muhammad sustained an eye injury, leaving him unable to continue. Below, we'll show you everything you need to know about how to get UFC 304 tickets. How to buy UFC 304 ticketsOriginal standard UFC 304 tickets are sold through Ticketmaster. The cheapest original standard UFC 304 tickets start at £255.70, which comes to about $328.39.
Persons: it's, We've, Leon Edwards, Belal Muhammad, Edwards, Muhammad, Tom Aspinall, Curtis Blaydes, Blaydes, Aspinall, Bobby Green, Paddy Pimblett, Muhammad Mokaev, Manel Kape, Arnold Allen Organizations: Business, UFC, Ticketmaster, Vivid Locations: Manchester, England
Washington CNN —After President Joe Biden’s reelection efforts spiraled into chaos following his debate fiasco last month, Democrats who have both stood by and abandoned Biden since then see Tuesday as a decisive day for the president’s political future. Jeffries listened as he was confronted with concerns and frustrations from all factions of the caucus during House Democrats’ Tuesday meeting. But instead of a united front, Democrats emerged from the meeting without consensus or a clear path forward. Even though a number of lawmakers expressed their support for Biden, the concerns stuck with many Democrats after the meeting. House Democrats gathered on Tuesday to discuss steps forward with Biden’s campaign.
Persons: Joe Biden’s, spiraled, , Biden, , Chuck Schumer, Hakeem Jeffries, “ Chuck, Hakeem, “ That’s, ” Schumer, Jeffries, Jim Clyburn, Lloyd Doggett, who’s, ” Doggett, Donald Trump, Seth Moulton, ” Moulton, , Greg Landman, Doggett, Maura Healey, riffed, “ They’re, Nancy Pelosi, CNN’s Arlette Saenz Organizations: Washington CNN, Biden, White, CNN, Democratic, Democrats, Democrat, Democrats ’, Democratic Rep, ” Democratic, Trump . Party, NATO, ABC Locations: Texas, Massachusetts
Read previewThe Navy has relieved the commanding officer of the expeditionary mobile base ship USS Hershel "Woody" Williams two months after the vessel briefly ran aground outside the African country of Gabon, a Navy statement announced Monday. Michael Concannon will assume the duties of interim commanding officer aboard the Williams. Lenard Mitchell, then-commanding officer of USS Hershel "Woody" Williams, delivers remarks during a ceremony in the hangar bay. Geoffry Patterson, then an incoming commanding officer of USS Georgia, salutes Capt. Patrick Clark, outgoing commanding officer during a change of command ceremony in Souda Bay, Crete.
Persons: , Hershel, Woody, Williams, Capt, Lenard Mitchell, Adm, Thomas Ishee, Petty, Shawn J, Stewart, Howard, Cmdr, Kenji Igawa, Taylor —, Military.com, Mitchell, Michael Concannon, Conner, Blake, Geoffry Patterson —, Geoffry Patterson, Patrick Clark, Richard Zaszewski, wasn't, Kurt Balagna Organizations: Service, Navy, US, Fleet, Business, Port Royal, US Navy, Naval Surface Forces, Navy Special Warfare, USS, Washington Locations: Gabon, Libreville, Honolulu, Bali, Africa, Georgia, Souda Bay, Crete, USS Ohio
Eventually, tired from my frantic searching, I accepted defeat and contacted the bank to lock my cards. After losing my wallet, I decided to ask a few sources what course of action I should take to protect my money and identity. I then made a list of everything that was in my wallet ... and that was the easy part. Soon after requesting a replacement debit card, Bank of America sent me a virtual one that I was able to add to my Apple wallet and use immediately. Other tips and tricks to manage a lost wallet
Persons: hadn't, I'm, Lee Baker, it's, you've, Baker Organizations: Westend61, CNBC, Metropolitan Transportation Authority, North, North Carolina DMV, Bank of America, Apex, CNBC's Locations: New York, New York City, North Carolina, Atlanta
Read previewFor some Baltimore families, basic income helped pay the bills: rent, groceries, healthcare, childcare, and car payments. After one year of receiving payments, participants were more likely to have housing, higher household income, and a degree than the pilot's control group. Researchers primarily focused on participants' income, housing, employment, and education outcomes in the first year of the pilot. Related storiesThe Baltimore Young Families Success Fund randomly assigned eligible applicants to the participant group or a control group. She said the cash payments helped her family secure housing along with everyday expenses.
Persons: , Baltimore Mayor Brandon Scott, Tazhane Jordan, Jordan, Ken Paxton, Louis, Scott Organizations: Service, Baltimore Young, Abt, Business, Baltimore Mayor, American, Texas, Baltimore Locations: Baltimore, GBI, Iowa, Arizona, Houston
Manchester United today told staff that the club is intending to cut 250 jobs as new co-owner Sir Jim Ratcliffe continues his bid to slash costs at Old Trafford. All department and levels within the club will be impacted and the club says it will not include staff at their charitable arm, the Manchester United Foundation. What power does INEOS have over how Manchester United are run? Because it is a policy change, it would have been shared across the leaders of the football club but it was not something that needed board approval to be implemented. By Dan SheldonGO DEEPER Explained: INEOS' bid to cut non-football staff at Manchester United(Marc Atkins/Getty Images)
Persons: Sir Jim Ratcliffe, Jean, Claude Blanc, INEOS, , United’s Carrington, Glazer, Dave Brailsford, Ratcliffe, Richard Arnold, Patrick Stewart, John Murtough, Cliff Baty, Ellie Norman, Victoria Timpson, Snapdragon —, Dan Ashworth, Erik, Hag, Ashworth, Jason Wilcox, Omar Berrada, Blanc, Berrada, Sir Dave Brailsford, Brentford, Dan Sheldon, Marc Atkins Organizations: Manchester United, Interim, Interpath, Manchester United Foundation ., Old, United, Getty, FA, Athletic, Newcastle United, Manchester City, Team GB, Advisory, Premier League, UEFA, League, City Football Group Locations: Old Trafford, Manchester, London, INEOS, Ratcliffe, United, European, Brailsford
The drive-thru menu at a McDonald's restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. This year, 16% of restaurant operators plan to invest in artificial intelligence, including voice recognition, according to a survey from the National Restaurant Association. Then Covid came, which not only accelerated labor costs but also led to a shift away from dining rooms and toward drive-thru lanes. Then there's Presto Automation , the AI drive-thru technology company which disclosed last year in Securities and Exchange Commission filings that it uses "human agents" in places like the Philippines and India to complete orders. This time, McDonald's likely won't be the first mover.
Persons: Covid, McDonald's, Gee Lefevre, T.D, Cowen, Andrew Charles, That's, Uber, Charles Organizations: National Restaurant Association, IBM, Securities, Exchange Commission, Presto Locations: Buttonwillow, Kern County , California, Philippines, India
Terence Samuel, the editor in chief of USA Today, is leaving the role after a year, the newsroom was told on Monday. Mr. Samuel, a veteran journalist, joined USA Today in July 2023 from National Public Radio, where he was a top executive in charge of all news gathering across the broadcaster. Neither Mr. Samuel nor the publication gave a reason for his departure. In an email to the newsroom viewed by The New York Times, Monica Richardson, senior vice president of USA Today, said that Mr. Samuel would leave his job “effective today.” Caren Bohan, the executive editor of politics, will serve as interim editor in chief while the publication conducts “a national search for our newsroom leader,” Ms. Richardson wrote in the email. Mr. Samuel said in an interview on Monday that his departure was “sudden” but that he could not talk about why he was leaving the newspaper.
Persons: Terence Samuel, Mr, Samuel, Monica Richardson, Caren Bohan, ” Ms, Richardson Organizations: USA, USA Today, National Public, The New York Times
“It would be a Category 5 hurricane,” said one top Democratic official nervous about Biden considering what would happen if the president stepped aside. Biden campaign aides have spent the last couple of days pointing to metrics like some of their best grassroots fundraising days and a surge in job applications since Thursday. Biden is heading to the Camp David presidential retreat where he was expected to spend the rest of the weekend. Democratic operatives always like to mock headlines that describe them as “in disarray.” Now some tell CNN they worry they could end up in more disarray than ever. “President Biden is the nominee and he’s going to remain the nominee,” said Cutter, who is on contract to produce the convention.
Persons: Washington CNN — They’re, They’re, haven’t, Joe Biden’s, Gretchen Whitmer’s, Biden, Kamala Harris, , , we’re, Joe Biden, Jill Biden, Natalie, Finnegan, Camp David, Mandel Ngan, J.B . Pritzker, Andy Beshear, Gavin Newsom, Arizona Sen, Mark Kelly, Georgia Sen, Raphael Warnock, Pete Buttigieg, Josh Shapiro, Wes Moore, Harris, Doug Emhoff, Whitmer, Beshear, Rob Reiner, Jane Fonda, Barack Obama, Hakeem Jeffries, Jeffries, ” Biden, Alexandria Ocasio, Cortez, Gov, Geoff Duncan, CNN “, Donald Trump, Donna Brazile, Stephanie Cutter, Hillary Clinton’s, Cutter, Phil Murphy, Still, ” Murphy, “ That’s, , hadn’t, he’s, ” Harris, Obama, Hillary Clinton, , Rob Flaherty, , president’s “ I’m, I’ve, Minyon Moore, Tina Flournoy, Brazile, Kamala, Scott Olson, it’s, Robert Garcia Organizations: Washington CNN, Michigan Gov, Democratic, Biden, Black, Trump, CBS, Air Force, McGuire Air Force Base, Camp, Getty, Democrat, White, Harris , Illinois Gov, Kentucky Gov, Maryland Gov, Pritzker, House Democrats, GOP, CNN, Democratic National Committee, New, New Jersey Gov, Democratic Party, Convention, United Center, Hamptons Locations: , Burlington , New Jersey, AFP, New York City, Harris , Illinois, Whitmer, Kentucky, California, Arizona, Pennsylvania, Los Angeles, America, Alexandria, Georgia, New Jersey, Chicago
"In contrast, current valuation extremes imply potential downside risk for the S&P 500 on the order of 50-70% over the completion of this cycle." JPMorgan's Marko Kolanovic expects the S&P 500 to fall to 4,200, while more extreme forecasts include Jeremy Grantham's estimate in the low 3,000s. And as the stock market ground mostly higher, he persisted with his doomsday calls. He predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009. The S&P 500, by comparison, is up about 26% over the past year.
Persons: , Jonathan Golub, Count John Hussman, Hussman, Hussman's, Morgan Stanley's Mike Wilson, Piper Sandler's Michael Kantrowitz, JPMorgan's Marko Kolanovic, Jeremy Grantham's Organizations: Service, UBS, Business, Hussman Investment Trust, New York Stock Exchange, Investor Intelligence
CNN —It is not uncommon to see certain teams emerge as dark horses or surprise packages at international tournaments, but few could have predicted that Austria would be the story of Euro 2024. But that’s the nice thing about football.”A unique styleGernot Trauner of Austria scores his team's first goal against Poland. Petr David Josek/APRangnick’s redemptionPerhaps the most compelling aspect of Austria’s Euro 2024 campaign has been the reminder of Rangnick’s abilities as a manager. He had various stints with German clubs such as Stuttgart, Hannover and Schalke but is best known for his work with Austrian side Red Bull Salzburg and German team RB Leipzig. Form soon picked up though and Das Team booked its ticket to Euro 2024 after losing only one game in the qualifying stages.
Persons: Robert Lewandowski, Kylian Mbappé, ” Marcel Sabitzer, UEFA.tv “, , Ralf Rangnick, Julian Finney, it’s, Rangnick, Jürgen Klopp, Julian Nagelsmann, Petr David Josek, Annegret Hilse, Red Bull, Ole Gunnar Solskjær, wouldn’t, Organizations: CNN, France, Das Team, Poland, Liverpool, Germany national, Austria, Hannover, Schalke, Austrian, Red Bull Salzburg, RB Leipzig, Red Bull GmbH, Leipzig, Salzburg, Austrian Bundesliga, Bundesliga, Champions League, Reuters, Red, Russian, Lokomotiv Moscow, Manchester United, Premier League, Nations League B Locations: Austria, Poland, Netherlands, France, England, Denmark, Slovenia, Serbia, Stuttgart, Leipzig, Turkey, unchartered
The average American spends $16.26 out of pocket per prescription, according to the data. "Rising costs or rising prices are a big part of it, but it's really that with the combination of increased friction. On average, Americans pay 2 to 3 times more for prescription drugs than consumers in other developed countries, according to the White House. The Biden administration has taken several measures to lower out-of-pocket drug expenses. On Wednesday, the White House announced it would lower prices on 64 prescription drugs for some Medicare beneficiaries as a result of inflation penalties on drugmakers.
Persons: Tori Marsh, GoodRx, Marsh, Joe Biden, Biden, Scott Wagner, — CNBC's Annika Kim Constantino Organizations: House, White House Locations: U.S
London CNN —Nvidia, Nvidia, Nvidia. Nvidia’s stock bounced back Tuesday, yet investors have been reminded of a potentially bubble-bursting truth: You can fly too close to the sun. For context, it took Warren Buffett about 60 years to build Berkshire Hathaway into a nearly trillion dollar company. But typical volatility can have seismic repercussions when it comes to a stock as all-consuming as Nvidia. Analysts at The Carlyle Group say that while artificial intelligence is revolutionizing the world around us, the Nvidia stock bubble will eventually burst.
Persons: Warren Buffett, Berkshire Hathaway, Microsoft’s, , Jim Smigiel, Louis Navellier, Nvidia’s, ” Jochen Stanzl, Emily Bowersock Hill, Jason Thomas, Carlyle’s, ” Neil Roarty, Stocklytics, , Levi’s, , LEVI, ” Read, Ryan Callahan, ” Callahan, CDK, Tom McParland Organizations: CNN Business, Bell, London CNN, Nvidia, Berkshire, Deutsche Bank, SEI, Navellier, Associates, CMC, CNN, Bowersock Capital Partners, The Carlyle Group, ’ Association, Mazda, North America, Automatic Consulting Locations: London, Turkey, Istanbul, Seekonk , Massachusetts
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