Posts filtered by tags: Mike Blake[x]


 

JPMorgan CEO blasts tax breaks for race cars and private jets - and says the write-offs need to stop

JPMorgan CEO Jamie Dimon said the US should get rid of tax breaks for horse racing, race cars, and golf courses. Mike Blake/Reuters JPMorgan CEO Jamie Dimon blasted tax breaks in his annual shareholder letter on Wednesday. Dimon proposed major tax reforms to promote growth and address income inequality. The comments come as President Biden proposes a corporate tax rate increase. See more stories on Insider's business page. The chief executive of Wall Street's biggest bank thinks t...
Tags: Amazon, Politics, News, Finance, Wall Street, US, Trends, Joe Biden, Biden, Tax Breaks, Jamie Dimon, Jpmorgan, Mike Blake, Dimon, Carried Interest, Reuters JPMorgan


JPMorgan makes Silicon Valley hires - Wall Street burnout spills into Big Law - Return to office updates

Hello, readers!Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:JPMorgan wants to deepen its ties to Silicon Valley - and hired five people to helpArchegos blowup shines spotlight on the risks lurking in swaps, family officesSPAC insiders say PIPE financing for deals is drying up and the market needs to take a "collective breath"Goldman gives updates on return-to-office plans for summer interns and full-time campus hires Big Law ass...
Tags: New York, London, Trends, Bank Of America, SEC, Silicon Valley, Goldman Sachs, Goldman, Blackstone, Viacom, Mastercard, Silicon Valley Bank, Jpmorgan, Sachs, SPAC, Skadden Arps Slate Meagher Flom


JPMorgan adds VC bankers - Compass shrinks IPO - Goldman backs cloud data startup

Inside a trading floor on the New York Stock Exchange Brendan McDermid/Reuters Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:SoftBank-backed Compass slashes the scale of its ambitious IPOJPMorgan wants to deepen its ties to Silicon Valley, and it just hired five people to helpWall Street's rapid-fire deals are contributing to Big Law burnout - and special retention bonusesGoldman Sachs is making plans to bring some fu...
Tags: Congress, Softbank, US, Trends, Bank Of America, Miami, Silicon Valley, Goldman Sachs, Biden, Barry, Silicon Valley Bank, Jpmorgan, Sachs, NFT, Erika Jayne, Mike Blake


JP Morgan Chase CEO Jamie Dimon defends voting rights following Georgia's new restrictive voting law

Mike Blake/Reuters JP Morgan Chase's CEO defended voting rights following Georgia's restrictive new voting law. See more stories on Insider's business page. JP Morgan Chase CEO Jamie Dimon publicly defended voting rights, following Georgia's new restrictive voting law, the Election Integrity Act of 2021. He was one of the first major business CEOs to speak out after the law was passed last week, according to CNN."We regularly encourage our employees to exercise their funda...
Tags: Politics, Trends, Georgia, Cnn, Speed, United States, Jp Morgan, Jamie Dimon, Jp Morgan Chase, Voting Rights, Jpmorgan, Mike Blake, Dimon, Georgia Election, Reuters JP Morgan Chase, Azmi Haroun


Economists are divided about how bad inflation is going to get. Here are the 14 loudest voices on both sides of the issue.

Former Treasury Secretary Larry Summers. Robin Marchant / Getty Images The debate over inflation is intensifying as Biden pushes to spend trillions on infrastructure. It's largely an intra-party spat as moderates say stimulus risks rampant inflation, while many Democrats favor big spending. Here are the 14 biggest names arguing for and against spending plans and the path of inflation. See more stories on Insider's business page. A new debate is emerging as the US economy nears reop...
Tags: Asia, Obama, Congress, Washington Post, Senate, White House, US, Trends, Bloomberg, Joe Biden, Ap, Harvard, New York Times, Bill Clinton, Ubs, Treasury


Economists are divided about how bad inflation is going to get. Here are the 10 loudest voices on both sides of the issue.

Former Treasury Secretary Larry Summers. Robin Marchant / Getty Images The debate over inflation is intensifying as Biden pushes to spend trillions on infrastructure. It's largely an intra-party spat as moderates say stimulus risks rampant inflation, while many Democrats favor big spending. Here are the 10 biggest names arguing for and against spending plans and the path of inflation. See more stories on Insider's business page. A new debate is emerging as the US economy nears re...
Tags: Asia, Obama, Congress, Washington Post, Senate, White House, US, Trends, Bloomberg, Joe Biden, Ap, Harvard, New York Times, Bill Clinton, Ubs, Treasury


Jack Dorsey's Square is now a majority owner in Tidal, the music streaming service owned by Jay-Z. Here's where their friendship started and everything that's happened since.

Jay-Z, left, and Jack Dorsey. Kevin Mazur/Getty Images for City of Hope; David Becker/Getty Images Jack Dorsey's Square has taken a majority stake in Tidal, the streaming platform owned by Jay-Z. The two moguls have met multiple times in the last year, including in Hawaii and the Hamptons. Following the announcement of the deal, they praised each other on Twitter as visionary leaders.  Visit the Business section of Insider for more stories. Jack Dorsey and Jay-Z are officially in business ...
Tags: Twitter, Beyonce, Rihanna, Jay Z, India, Africa, NFL, Trends, Bloomberg, Features, Hawaii, New York Times, Alicia Keys, The Times, Square, Tidal


Nvidia slips as concerns over global chip shortage weigh on 4th-quarter earnings beat

Mike Blake/Reuters Shares of Nvidia fell on Thursday as investor concerns about a global chip shortage weighed on an otherwise positive earnings report. The stock fell 3% in premarket trades on Thursday. The semiconductor industry has been struggling to meet global demand, thanks to an unexpected boom in online activity brought about by the pandemic. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Shares of chip maker Nvidia fell 3% in premarket trading on on Thur...
Tags: Softbank, Trends, Markets, Intel, Nvidia, Earnings, Trading, Stock Market, Samsung Electronics, Apple Samsung, Huang, Santa Clara California, Mike Blake, Nvidia Nvidia, Jensen Huang, Nvidia stock


Hedge funds are set for giant windfalls as SPAC mania goes into overdrive

Hello, readers!Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:SPAC investors like Citadel and Millennium are sitting pretty thanks to Lucid Motors euphoriaStar Morgan Stanley trader Shawn Joshi is leaving, plus other Wall Street people moves this weekInside Cathie Wood's meteoric rise Three more women joined a lawsuit against the $2.2 trillion asset manager PimcoCheck out our Goldman org chart to see the latest power structure for 135...
Tags: US, Trends, Bitcoin, Pimco, Goldman Sachs, Getty, Morgan Stanley, Goldman, Wood, Robinhood, Lloyd Blankfein, Russell Westbrook, Sachs, SPAC, Bridgewater, Citadel


Hedge funds' Lucid windfall - Cathie Wood mania - New Pimco allegations

Hello, readers!Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:SPAC investors like Citadel and Millennium are sitting pretty thanks to Lucid Motors euphoriaStar Morgan Stanley trader Shawn Joshi is leaving, plus other top Wall Street people moves this weekInside Cathie Wood's meteoric rise More harassment and discrimination allegations against Pimco emerge in a lawsuit Check out our Goldman org chart to see the latest power structure f...
Tags: US, Trends, Bitcoin, Pimco, Goldman Sachs, Getty, Morgan Stanley, Goldman, Wood, Robinhood, Lloyd Blankfein, Lucid, Russell Westbrook, Sachs, SPAC, Bridgewater


The top influencer marketers at brands like Dunkin' and Chipotle

SeatGeek; Riot Games; Casetify; Champs Sports at Foot Locker; Samantha Lee/Insider Hi, this is Amanda Perelli and welcome back to Insider Influencers, our weekly rundown on the business of influencers, creators, and social-media platforms. Sign up for the newsletter here.In this week's edition:The top influencer marketers at brandsA new TikTok influencer mansion is bornCreators struggle to Netflix and HBO Max take the streaming wars to TikTokAnd more including Instagram Reels, , and P...
Tags: Apple, Hbo, Media, Instagram, Youtube, Advertising, Los Angeles, Trends, Kanye West, Netflix, Sydney, Retail, University of Florida, Hulu, Mailchimp, Influencers


American is adding 10 new warm weather routes including 8 international as the vaccine rollout continues - here's the full list

An American Airlines plane departing Los Angeles. REUTERS/Mike Blake American Airlines is adding 10 new routes to its network starting in April. Miami is the center of the expansion with more flights to Latin America, the Caribbean, and Israel.  The airline blamed a poor summer outlook and slow vaccine rollout for impending furloughs. Visit the Business section of Insider for more stories. American Airlines just added 10 new routes to its network for the spring and summer, including eight ...
Tags: Travel, Transportation, Florida, New York, News, Air Travel, Mexico, Planes, Israel, Tel Aviv, Los Angeles, Trends, Flying, Dallas, Miami, Aviation


Why Andy Jassy should spin off the massively lucrative AWS after he becomes Amazon CEO, according to a former AWS exec

Amazon CEO Andy Jassy will face a number of tasks in his new post, including addressing the company's lack of diversity within its leadership. Mike Blake/Reuters Amazon's AWS executive Andy Jassy will take over as CEO from Jeff Bezos in Q3. AWS is a hugely profitable part of Amazon's business — but it could make sense for Jassy to spin it off. Insider spoke to former AWS senior engineer Tim Bray about why there are "a bunch of good reasons" for Jassy to make the move. Visit the Busines...
Tags: Apple, Google, Amazon, Facebook, Microsoft, Washington, US, Trends, Aws, Jeff Bezos, Justice Department, Andy, Eugene Kim, Andy Jassy, Amazon Google, Mike Blake


36 photos that show how Tom Brady evolved into an NFL and fashion icon

Theo Wargo / Staff / Getty Images Tom Brady is a six-time Super Bowl champion, securing his spot as the greatest quarterback of all time. He is also the husband of the world's highest-paid supermodel, Gisele Bündchen, he is the second-highest-paid NFL player of all time, and in addition to being an NFL icon, he has become somewhat of a fashion icon off the field. Brady's fashion sense had humble beginnings. Below we take a look at how his style has evolved over the years. Visit the Busine...
Tags: Life, Sports, NFL, Trends, Features, Bill Belichick, Tom Brady, Michigan, Patrick Swayze, Met Gala, Stephen Curry, Reuters, Tom, Brady, Mike Segar, Gisele Bündchen


Jeff Bezos is stepping down as Amazon CEO after 26 years at the helm. Here are some of his headline-making moments, from launching a space company to blocking a blackmail attempt.

Amazon founder Jeff Bezos. REUTERS/Clodagh Kilcoyne Jeff Bezos is stepping down as Amazon CEO in the third quarter of this year. Big moments from his last 26 years include taking Amazon public and blocking a blackmail attempt. He also became the world's richest person, bought the Washington Post, and launched a space company. Visit the Business section of Insider for more stories. In the 26 years he's run Amazon, Jeff Bezos has had some major, headline-making moments. From weathering the d...
Tags: Apple, Google, Amazon, Mark Zuckerberg, Post, Spacex, Elon Musk, New York, Texas, Microsoft, Minneapolis, Congress, Washington Post, Wall Street, Ipo, Germany


Why Jeff Bezos doesn't want you to be afraid of shadows

Hello, and welcome to this Wednesday's edition of the Insider Tech newsletter, where we break down the biggest news in tech. I'm your host Alexei Oreskovic. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here. Soundtrack: This week's newsletter has been specially designed to be consumed while listening to "Summertime," by DJ Jazzy Jeff and the Fresh Prince.  This week: Jeff Bezos made a shadow in his own image. Now comes the $1.7 trillion test....
Tags: Amazon, Facebook, Europe, London, Enterprise, Microsoft, Congress, Washington, Trends, Bloomberg, Intel, Retail, SEC, Jeff Bezos, Seattle, Robinhood


'Shark Tank' investor Kevin O'Leary boosted his stakes in Microsoft, Amazon, and Facebook: 'You go back to what works'

Mike Blake/Reuters "Shark Tank" star Kevin O'Leary bet big on stocks in the final quarter of 2020.O'Shares Investment Advisers boosted its stakes in Amazon, Alphabet, and Facebook by more than 50%.O'Leary told CNBC more government stimulus could drive prices higher.Visit Business Insider's homepage for more stories."Shark Tank" investor Kevin O'Leary doubled down on stocks last quarter, citing a dearth of better options and the prospect of more government stimulus checks.O'Shares Invest...
Tags: Amazon, Facebook, Microsoft, US, America, Trends, Bank Of America, Alibaba, SEC, Pfizer, Biden, Jefferies, Cnbc, Shark Tank, Leary, Kevin O Leary


The 'first significant impression' Amazon's future CEO made on Jeff Bezos was 24 years ago, when he accidentally whacked Bezos on the head with a kayak paddle

Mike Blake/Reuters; Mark Ralston/AFP/Getty Images Andy Jassy accidentally hit Jeff Bezos with a paddle in 1997, Brad Stone writes in his Amazon book. The interaction happened during a game of broomball, which Bezos threw himself into "with gusto." Bezos announced Tuesday that Andy Jassy would take over as CEO later this year. Visit the Business section of Insider for more stories. Today, Amazon's cloud chief Andy Jassy is Jeff Bezos' successor for the role of Amazon CEO. But 24 years ago,...
Tags: Amazon, News, Trends, Harvard, Jeff Bezos, Amazon Web Services, Reuters, Bezos, Stone, Andy Jassy, Bezos Amazon, Mike Blake, Today Amazon, Brad Stone, Tech Insider, MARK RALSTON


Joe Biden's administration doesn't trust Boris Johnson because of his ties to Trump

Business Insider Joe Biden and Boris Johnson Getty Boris Johnson has an uphill battle to shake off his associations with Trump and build a relationship with Biden. Allies of Biden say the prime minister's past comments and ties to Trump are a hurdle to the two men building a strong relationship. "Do I believe that Boris is liked by [the administration]? No," one Biden surrogate told Insider. Visit Business Insider's homepage for more stories. It was a sign of quite how keen Boris...
Tags: Politics, UK, London, Obama, Senate, US, America, Barack Obama, Trends, Joe Biden, Analysis, Atlantic, Britain, United States, Winston Churchill, Northern Ireland


GameStop rises as much as 30% despite Robinhood restricting transactions as Wall Street Bets rally continues

GameStop stock soared 135% yesterday as Reddit users did battle with hedge funds Mike Blake/Reuters GameStop climbed as much as 30% in early trading even after plunging at the opening bell. The rise came despite Robinhood and others curbing trading in GameStop stock and options. Analysts said the r/wallstreetbets saga was knocking market confidence on Wall Street. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The GameStop stock price rose into the green on Thurs...
Tags: Nokia, Amc, Trends, Reddit, Robinhood, Gamestop, Cmc Markets, Madden, Mike Blake, Harry Robertson, Shiller PE, Cathie Wood, Reuters GameStop


GameStop rises 28% in early trading after recovering from early plunge as platforms restrict access

GameStop stock soared 135% yesterday as Reddit users did battle with hedge funds Mike Blake/Reuters GameStop climbed 28% in early trading even after plunging at the opening bell. The rise came despite Robinhood and others curbing trading in GameStop stock and options. Analysts said the r/wallstreetbets saga was knocking market confidence on Wall Street. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The GameStop stock price rose into the green on Thursday despite...
Tags: Nokia, Amc, Trends, Reddit, Robinhood, Gamestop, Cmc Markets, Madden, Mike Blake, Harry Robertson, Shiller PE, Cathie Wood, Reuters GameStop


Here's how short-selling works, and how Reddit's day-trader army spoiled the strategy for GameStop bears

GameStop. REUTERS/Mike Blake REUTERS/Mike Blake Short sellers have lost billions on their bets as GameStop skyrockets. Millions of amateur traders on Reddit have pushed the price up. Visit Business Insider's homepage for more stories. Short-sellers have taken a hit now that GameStop shares have topped $330, in what analysts have dubbed an irrational rally stoked by the Reddit group "Wall Street Bets." When the market operates rationally, investors have the option to short a company's stock...
Tags: Finance, Wall Street, Trends, Markets, Reddit, Hedge Fund, Cnbc, Gamestop, Short Selling, Wedbush, Citron, Feldman, Mike Blake, Nintendo Wii, Joost van Dreunen, van Dreunen


Influencers say Instagram Reels is fueling growth and new followers

Instagram; Samantha Lee/Insider Hi, this is Amanda Perelli and welcome back to Insider Influencers, our weekly rundown on the influencer and creator economy. Sign up for the newsletter here.When Instagram first came out with a TikTok copycat feature, it got mixed reviews, with some calling Reels a "dud."Creators weren't exactly going wild for the short-form video feature.But since posting Reels regularly, many creators have said the feature has become a secret weapon to supercharge their g...
Tags: Facebook, UK, Media, Instagram, Youtube, Advertising, Trends, Commerce, Sydney, Influencers, Capitol, Culver City California, Arlington Virginia, Instagram Instagram, Mike Blake, Substack


Meet the new influencer company working with top creators and models on OnlyFans

Unruly Agency/OnlyFans/Samantha Lee/Business Insider Hi, this is Amanda Perelli and welcome back to Insider Influencers, our weekly rundown on the influencer and creator economy. Sign up for the newsletter here.Before we get started, I want to first introduce a new reporter on the business of influencers team, Mark Stenberg!You can reach Mark at [email protected] and on Twitter @MarkStenberg3. He will be covering all things related to the creator economy and new media models.Now onto t...
Tags: Media, Taylor Swift, Instagram, Youtube, La, Advertising, US, Los Angeles, Trends, New York Times, Pope Francis, The New York Times, Ellen Degeneres, Rodrigo, Influencers, Mark


Elon Musk tweeted a meme that helped spark a 4% jump in a Japanese video game stock

Mike Blake/Reuters Shares of Bandai Namco, a Japanese video game maker, surged as much as 4% after Elon Musk tweeted a meme that included a character from one of its properties."Hey you...Yeah you Queen...You're gonna make it!" Musk tweeted to his 42 million followers along with an accompanying image.Sign up here our daily newsletter, 10 Things Before the Opening Bell.A Tuesday night tweet of a meme from Elon Musk is all it took for shares of Bandai Namco to surge 4% in Wednesday trades."H...
Tags: Twitter, Elon Musk, Finance, Trends, Markets, Trading, Stocks, Stock Market, Goldman, Movers, Musk, Meme, Bandai Namco, Mike Blake, Namco, Matthew Fox


Oracle cofounder Larry Ellison scores $12 billion gain on his Tesla stock in under 3 years

Eric Charbonneau/Invision/AP; Mike Blake/Reuters Oracle cofounder Larry Ellison has scored a $12 billion gain on his Tesla investment.The technology billionaire bought the equivalent of 15 million shares in Elon Musk's automaker before joining its board in December 2018.Ellison's stake has ballooned in value from about $1 billion to $13 billion since then.Musk is close friends with Ellison and visited him on his Hawaiian island in December.Visit Business Insider's homepage for more stor...
Tags: Elon Musk, Trends, Tesla, Larry Ellison, Ellison, Oracle, Musk, Invision AP, Mike Blake, Eric Charbonneau, Lanai Ellison, Theron Mohamed, Reuters Oracle, Bloomberg Billionaires Index Musk


'Shark Tank' star Kevin O'Leary discussed the value of investing, shorting Yahoo, and post-pandemic retail in a recent interview. Here are the 16 best quotes.

Mike Blake/Reuters The "Shark Tank" star Kevin O'Leary underscored the value of investing, spoke about shorting Yahoo, and predicted the pandemic would transform retail forever on the "Industry Focus" podcast.O'Leary also discussed the risks of venture investing, the dearth of financial literacy in the US, and how Warren Buffett's business partner Charlie Munger had shaped his investing approach.Here are O'Leary's 16 best quotes from the interview.Visit Business Insider's homepage for m...
Tags: Yahoo, US, America, Trends, Tesla, Warren Buffett, Federal Reserve, Biden, Shark Tank, Reuters, Lululemon, Don, Leary, Kevin O Leary, Charlie Munger, Anthony Scaramucci


'This seems like genocide': Billionaire investor Bill Ackman slams delays in getting the COVID vaccine to the elderly

Mike Blake/ Reuters Billionaire investor Bill Ackman tweeted on Tuesday, slamming logistical failures in the US vaccine rollout.  "If Elon Musk can deliver 500k Teslas and Jeff Bezos can provide same-hour delivery, we can vaccinate every American" he tweeted. As of January 4, the US has vaccinated fewer than five million people. Visit Business Insider's homepage for more stories. Billionaire investor Bill Ackman tweeted criticisms of the US rollout of the COVID-19 vaccines. He called it a...
Tags: Elon Musk, News, US, Trends, Tesla, Healthcare, Bill Ackman, Jeff Bezos, Anthony Fauci, Hedge Fund, Reuters Billionaire, Pershing Square, Ackman, Mike Blake, ABC News Martha Raddatz, Mary Meisenzahl


'This seems like a genocide': Billionaire investor Bill Ackman slams delays in getting the COVID vaccine to the elderly

Mike Blake/ Reuters Billionaire investor Bill Ackman tweeted on Tuesday, slamming logistical failures in the US vaccine rollout.  "If Elon Musk can deliver 500k Teslas and Jeff Bezos can provide same-hour delivery, we can vaccinate every American" he tweeted. As of January 4, the US has vaccinated fewer than five million people. Visit Business Insider's homepage for more stories. Billionaire investor Bill Ackman tweeted criticisms of the US rollout of the COVID-19 vaccines. He called it a...
Tags: Elon Musk, News, US, Trends, Tesla, Healthcare, Bill Ackman, Jeff Bezos, Anthony Fauci, Hedge Fund, Reuters Billionaire, Pershing Square, Ackman, Mike Blake, ABC News Martha Raddatz, Mary Meisenzahl


How to cancel your Google Fiber internet service in 2 ways

It shouldn't take long to cancel a Google Fiber account. Mike Blake/Reuters You can cancel your Google Fiber account quickly if you want to switch from the internet service provider. Google Fiber is a supplier of FTTP (fiber to the premises) broadband internet, VoIP phone, and internet protocol television. Google Fiber is currently available in 18 markets across the US. Visit Business Insider's Tech Reference library for more stories. Currently, Google Fiber is offered in 18 cities and...
Tags: Google, Internet, US, Trends, Google Calendar, Google Fiber, Mike Blake, Steven John, Internet Service Provider, Tech Insider, Cancel Fiber Service, BI-freelancer, Tech Reference, Software & Apps (Reference, Tech How To, Gadgets (Reference