Author: Editor-In-Chief
larry summersCameron Costa | CNBCFormer Treasury Secretary Larry Summers said Monday that he is withdrawing from all public commitments due to the fallout from the release of emails between him and notorious sex offender Jeffrey Epstein.”I am deeply ashamed of my actions and recognize the pain they have caused. I take full responsibility for my poor decision to continue to communicate with Mr. Epstein,” Summers said in a statement obtained by CNBC.”While I continue to fulfill my teaching duties, I am stepping back from public life as part of a broader effort,” Summers, a former Harvard president who teaches at…
A pro-AI super PAC backed by Andreessen Horowitz and OpenAI President Greg Brockman has chosen New York State Representative Alex Boaz and his congressional bid as its first target. The PAC, named “Leading the Future,” was launched in August with more than $100 million to support policymakers with a light-touch (or no-touch) approach to AI regulation. And that means going after policymakers who want to regulate AI. The super PAC has support from many other prominent leaders in the technology industry, including Palantir co-founder and 8VC managing partner Joe Lonsdale and AI search engine Perplexity. “I appreciate that they’re being…
With approximately 250 million unique visitors per month, Jiro is the most widely used real estate portal in the United States. It’s one of the few online real estate platforms that has transformed the way Americans buy, sell, and rent homes.The company offers free mobile and web apps that provide important details about approximately 165 million homes. Previously, this property data was only available to real estate agents in the industry’s multiple listing service system.Zillow also offers innovative products such as Zestimate, a machine learning algorithm that estimates the value of a home. According to Zillow, the median error rate…
Two stocks in the portfolio are in the news on Monday. One is enterprise software and the other is banking. Earnings Preview: Bank of America lowered its price target for Salesforce from $325 to $305 per share ahead of next month’s quarterly results. Analysts maintained a buy rating on the stock, citing undervalued software peer multiples, according to a Monday note. It added that low expectations for the quarter and weak investor sentiment limit the downside for the stock at current levels. However, BofA expects Salesforce’s fiscal third quarter 2026 revenue to be in line with its current remaining performance…
A railway line between the Polish cities of Warsaw and Lublin was destroyed in an “unprecedented sabotage” over the weekend, Polish Prime Minister Donald Tusk said on Monday, calling the line “crucial for delivering aid to Ukraine.” Tusk said in a post on X that “explosives” had blown up the railroad tracks on Sunday, adding that the attack “directly (targeted) the security of the Polish state and civilians.” He said destruction was also found further downstream on the railway line along the same route. At a press conference Monday afternoon, Poland’s Interior Minister Marcin Kierwiński said two separate incidents occurred…
“We have another very, very good thing we can accomplish together.”Steve Clarke is as low-key as ever, refusing to get caught up in the excitement and hype that Scotland are on the brink of qualifying for the World Cup for the first time since 1998. The mission against Denmark on Tuesday night is simple. A win will guarantee a spot in next summer’s tournament. If not, there will be a playoff in March and we’ll be back. Clark, whose contract expires at the end of this season, has already led his national team to back-to-back European Championships and will be…
Peter Thiel’s namesake fund pulled out of Nvidia in the third quarter, the latest sign of caution against the darling of artificial intelligence. Teal Macro zeroed out nearly $94 million worth of stock in three months, according to regulatory filings. This was the fund’s largest change by value in the quarter, according to InsiderScore. Mr. Thiel’s decision mirrors that of Japan’s SoftBank, which announced earlier this month that it had sold its entire stake in Nvidia for about $5.8 billion. Some investors have grown concerned in recent weeks that the AI trades that have driven the market to record highs…
Chip Somodevilla | Getty Imagesin Google In their IPO prospectus 21 years ago, founders Larry Page and Sergey Brin gave a flattering nod to Warren Buffett, and in a letter to prospective investors they suggested the billionaire investor had significant influence.They titled their letter to the founders “‘Owner’s Manual’ for Google Shareholders,” suggesting there were footnotes worth reading.”Much of this content was inspired by Warren Buffett’s annual report essays and Berkshire Hathaway’s ‘owner’s manual’ for shareholders,” the footnote says.More than 20 years later, Buffett is showing that praise goes both ways. Berkshire HathawayBuffett’s holding company disclosed late Friday that it…
The United Nations Security Council on Monday passed a US-drafted resolution that moves beyond the fragile ceasefire in Gaza and aims for a more sustainable peace and rebuilding of the devastated enclave. The 15-member council voted 13-0 in favor of the resolution, with Russia and China abstaining but refusing to use their veto power to block the bill. The resolution aims to add international legitimacy to US President Donald Trump’s 20-point Gaza Plan, some of which served as the basis for the ceasefire that took effect in the Gaza Strip last month. The United States lobbied hard for its passage,…
England’s Joe Root is yet to reach his 100 Ashes points in Australia, but local media were quick to remind him of that when he arrived in Australia for this winter series.Ahead of the first Test in Perth from Friday, Sky Sports’ Nasser Hussain looks at why Root is in the perfect position to break that duck, why he hasn’t had a century in Australia before and what’s really fueling the batsmen ahead of their fourth Ashes tour… Root seems to be in a very good place at the moment and is clearly enjoying playing with and for his great…