Day: November 14, 2024
I became CEO of a company that has helped millions of kids read—here’s my no. 1 piece of career advice
Dr. Geetha Murali, CEO of Room to Read. Courtesy of Dr. Geetha Murali. For Dr. Geetha Murali, the topic of education is a deeply personal one. As the CEO of Room to Read, a leading non-profit organization with the mission to create a world free from illiteracy and gender inequality, she is acutely aware that […]
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Bill Ackman’s Pershing Square doubles down on Nike and one name tied to data centers
Bill Ackman’s Pershing Square doubled down on Nike and Brookfield in his concentrated portfolio last quarter. The high-profile investor boosted his investment in Nike drastically in the third quarter, making the bet worth $1.4 billion, according to a regulatory filing. The bet was only worth about $220 million at the end of June. Nike is […]
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Bitfinex hacker sentenced to five years in prison for bitcoin money laundering scheme
Booking photos for Heather Morgan and Ilya Lichtenstein. Courtesy: Alexandria Adult Detention Center. A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced Thursday to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto. The value […]
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Citi says this Korean stock is a ‘unique’ beneficiary of Nvidia’s new AI chip, giving it 40% upside
Citi has identified South Korean firm Doosan Corporation as a significant beneficiary of Nvidia ‘s next generation of AI chips and expects its stock to rise by more than 40% in the next 12 months. The Wall Street bank initiated coverage of Doosan with a “Buy/High Risk” rating, setting a target price of 330,000 Korean […]
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Trump may cede global climate leadership to China
President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters After a campaign featuring promises to slash landmark climate legislation, and a first term record that included pulling the U.S. out of the Paris […]
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Amazon was questioned by House China committee over ‘dangerous and unwise’ TikTok partnership
Amazon logo on a brick building exterior, San Francisco, California, August 20, 2024. Smith Collection | Gado | Archive Photos | Getty Images Amazon representatives met with the House China committee in recent months to discuss lawmaker concerns over the company’s partnership with TikTok, CNBC confirmed. A spokesperson for the House Select Committee on the […]
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Philippe Laffont’s Coatue makes big bets on China and GLP-1 drugmakers in latest quarter
Philippe Laffont’s Coatue Management took several new stakes in major Chinese e-commerce companies and a couple of anti-obesity focused drugmakers in the third quarter, according to the latest 13F filing with the U.S. Securities and Exchange Commission. Laffont, one of the “Tiger Cub” fund managers who worked under the late Julian Robertson at Tiger Management, […]
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Stocks making the biggest moves after hours: Domino’s Pizza, Ulta, Applied Materials, Palantir and more
Check out the companies making headlines in after-hours trading: Domino’s Pizza , Ulta Beauty — Shares surged about 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth around $550 million at the end of […]
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Trump picks vaccine skeptic RFK Jr. for Health and Human Services secretary
Independent Presidential candidate Robert F. Kennedy Jr. gives a keynote speech during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images President-elect Donald Trump said Thursday that he will nominate vaccine skeptic and conspiracy theorist Robert F. Kennedy Jr. as secretary of the Health and […]
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Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS
Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | Reuters Shares of vaccine makers fell on Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human […]
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