Posts

Stocks of private companies like OpenAI and SpaceX are being sold via invitation-only markets to the ultrawealthy before their IPOs, creating a two-tier system (Corrie Driebusch/Wall Street Journal)

Image
Corrie Driebusch / Wall Street Journal : Stocks of private companies like OpenAI and SpaceX are being sold via invitation-only markets to the ultrawealthy before their IPOs, creating a two-tier system   —  The buzziest private companies are being sold to a select few as the universe of stocks everyone else can invest in shrinks rapidly from Techmeme https://ift.tt/k2LD9tn

I picked up this gift-giving hack from an ex, and it guarantees the most thoughtful presents

Image
The author learned a gift-giving hack from her ex that she uses with her family now. Courtesy of the author Using a Pinterest board to save gift ideas ensures thoughtful, personalized presents. Digitizing gift lists streamlines holiday shopping and helps avoid last-minute stress. This gift-giving hack supports buying unique items and shows loved ones they are valued. I had an ex-boyfriend who wasn't the best gift-giver , but he really wanted to be. So he started writing down ideas for gifts throughout the year, and by Christmas, I couldn't believe he had remembered something I mentioned months ago. He shared his trick with me, and I was impressed. I've used it ever since, even with my husband and son. Instead of handwriting ideas, I started using Pinterest I started out writing down ideas, but now I have a Pinterest board divided into sections for my husband, my son, and other close family and friends. Digitizing this gift-giving hack has made it easy for me t...

Delivery Hero Chair Kristin Skogen Lund backs CEO Niklas Östberg as the group explores asset sales amid shareholder pressure over its falling stock price (Kieran Smith/Financial Times)

Image
Kieran Smith / Financial Times : Delivery Hero Chair Kristin Skogen Lund backs CEO Niklas Östberg as the group explores asset sales amid shareholder pressure over its falling stock price   —  Founder Östberg retains board support even as German food group explores routes to revive shares from Techmeme https://ift.tt/BX2Z5vd

I wanted a big festive tree this year. I wasn't expecting the $370 price tag at our local tree lot.

Image
The author's son decorates the family holiday tree, and the author stands next to her childhood Christmas tree in the mid-1970s. Courtesy of Stanislav Skočík/the author I experienced sticker shock when I visited a nursery to buy a holiday tree this year. A 10-foot tree would have cost me $370 if I'd gone ahead and bought it. I remembered being happy as a child in the 1970s with a 4-foot Charlie Brown-style Christmas tree. It's traditional for our family to go Christmas tree shopping together, even though my kids are now 15 and 17 and practically leading their own lives. This year was no exception. We found a brief window between my daughter's clock-in time for her part-time job at a gift store and my son's dentist appointment . In previous years, we had invariably bought a tree from a Vermonter who set up camp in the parking lot of our local church. When we lived in New York City before our children arrived, my husband and I would buy one from a friendl...

The history of Elon Musk and Sam Altman's relationship and feuds, which date back to the early days of OpenAI

Image
Sam Altman and Elon Musk have a tumultuous relationship. BRENDAN SMIALOWSKI/AFP via Getty Images/Shelby Tauber/REUTERS Elon Musk and Sam Altman cofounded OpenAI years ago, but they're often at odds today. Musk left OpenAI in 2018 and now heads rival xAI. Here's a history of Musk and Altman's working relationship and feuds. Elon Musk and Sam Altman lead rival AI firms and regularly take public jabs at each other — but it wasn't always like this. Years ago, the two cofounded OpenAI , which Altman now leads. Musk departed OpenAI, which created ChatGPT, in 2018, and has since launched his own AI venture, xAI. Their latest point of contention seems to change by the week, with Altman explaining how his view of Musk has changed over the years. "For a long time, I looked up to him as an incredible hero, a great jewel for humanity. I have different feelings now," Altman said of Musk in a September 10 interview with former Fox News anchor Tucker Carlson. ...

Blowback over posts about the death of Charlie Kirk has prompted companies to be more aggressive about monitoring employees' social media activity (Taylor Telford/Washington Post)

Image
Taylor Telford / Washington Post : Blowback over posts about the death of Charlie Kirk has prompted companies to be more aggressive about monitoring employees' social media activity   —  Fervor over employee posts about Charlie Kirk's death is leading companies to adjust policies and step up monitoring of workers' online conduct. from Techmeme https://ift.tt/eXyw9nP

A contrarian indicator that flashed before the November stock plunge is edging toward another sell signal

Image
BRYAN R. SMITH/AFP via Getty Images Bank of America said one of its contrarian indicators is close to flashing a sell signal. The bank's Bull & Bear Indicator is hovering just under an "extreme bullish" reading. The indicator recently flashed a sell signal in October, before the November sell-off. A contrarian signal is close to flashing red, pointing to another potential sell-off looming for stocks. Bank of America's Bull & Bear Indicator , which measures investor positioning and takes into account factors like market technicals, flashes a "buy" signal when investors are extremely bearish, and vice-versa. In a note to clients on Friday, analysts at the bank said they had recently revamped the indicator to better reflect factors like market structure, investor liquidity, and the risk preferences of investors. The gauge is now hovering just below a sell signal . BofA Global Research The last time the updated Bull & Bear Indicat...