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Jumat, 01 Juni 2018

This is the biggest style mistake Roger Federer has ever made — and it still haunts him to this day

Roger Federer, renowned for his style, reflected on his biggest fashion...

Sports

June 01, 2018   |   View Online »
 
This is the biggest style mistake Roger Federer has ever made — and it still haunts him to this day

This is the biggest style mistake Roger Federer has ever made — and it still haunts him to this day

Roger Federer, renowned for his style, reflected on his biggest fashion...

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How Serena Williams responds to accusations that she 'was born a guy'

How Serena Williams responds to accusations that she 'was born a guy'

Serena Williams, considered the queen of tennis, acknowledged in an...

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'You gotta know the score' — Draymond Green comes down hard on Cavaliers' last second meltdown

'You gotta know the score' — Draymond Green comes down hard on Cavaliers' last second meltdown

The Golden State Warriors defeated the Cleveland Cavaliers...

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The most controversial fighter in UFC just compared himself to Donald Trump in one of the worst ways possible

The most controversial fighter in UFC just compared himself to Donald Trump in one of the worst ways possible

Colby Covington, the most controversial fighter in UFC, has compared...

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Zinedine Zidane has quit Real Madrid in the most spectacular fashion

Zinedine Zidane has quit Real Madrid in the most spectacular fashion

Zinedine Zidane has quit Real Madrid in the most spectacular fashion...

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JR Smith commits horrible blunder in final 4 seconds of Game 1 of the Finals by forgetting the score and dribbling out the clock with the game tied

JR Smith commits horrible blunder in final 4 seconds of Game 1 of the Finals by forgetting the score and dribbling out the clock with the game tied

Cleveland Cavaliers guard J.R. Smith appeared to forget the score in the...

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J.R. Smith had a perplexing explanation for his end-of-game blunder that cost the Cavs in Game 1 of the Finals

J.R. Smith had a perplexing explanation for his end-of-game blunder that cost the Cavs in Game 1 of the Finals

J.R. Smith appeared to forget the score in the final seconds of Game 1...

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Tyronn Lue and the NBA world are baffled by the controversial foul change on LeBron James in Game 1 of the Finals

Tyronn Lue and the NBA world are baffled by the controversial foul change on LeBron James in Game 1 of the Finals

The Golden State Warriors won Game 1 of the NBA Finals over the...

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A frustrated LeBron James cut his NBA Finals press conference off, told media to 'be better tomorrow,' after repeated questions about JR Smith's blunder

A frustrated LeBron James cut his NBA Finals press conference off, told media to 'be better tomorrow,' after repeated questions about JR Smith's blunder

LeBron James shut down his press conference abruptly when a reporter...

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Capitals goalie wows hockey world with what some are calling one of the greatest saves ever during the Stanley Cup Final

Capitals goalie wows hockey world with what some are calling one of the greatest saves ever during the Stanley Cup Final

Washington Capitals goalie Braden Holtby made an incredible stick save...

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Tiger Woods' former trainer says Tiger used to have a laborious training schedule that included 13 hours of practice

Tiger Woods' former trainer says Tiger used to have a laborious training schedule that included 13 hours of practice

Tiger Woods used to have 13-hour, marathon training days when he was...

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LeBron James and the Cavs hit the Warriors with their best shot and had a chance to flip the Finals on its head — and still lost in gut-wrenching fashion

LeBron James and the Cavs hit the Warriors with their best shot and had a chance to flip the Finals on its head — and still lost in gut-wrenching fashion

The Cleveland Cavaliers lost Game 1 of the Finals to the Golden State...

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 The controversial Kyrie Irving trade is once again taking center stage as the Cavs prepare for another Finals showdown with the Warriors

The controversial Kyrie Irving trade is once again taking center stage as the Cavs prepare for another Finals showdown with the Warriors

The Cleveland Cavaliers are facing the Golden State Warriors in the NBA...

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Delaware becomes first new state to legalize sports betting and will be ready to go in days

Delaware becomes first new state to legalize sports betting and will be ready to go in days

Delaware is set to become the first state to offer legal, single-game...

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Vegas Golden Knights upped the ante with their pregame ceremony for the Stanley Cup Final — featuring swordsmen, pyrotechnics, and the legendary announcer Michael Buffer

Vegas Golden Knights upped the ante with their pregame ceremony for the Stanley Cup Final — featuring swordsmen, pyrotechnics, and the legendary announcer Michael Buffer

The Vegas Golden Knights are tied 1-1 in the Stanley Cup Final against...

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Goldman Sachs' CEO-in-waiting mentioned 2 specific words for a total 70 times

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June 01, 2018

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.

David Solomon trying to show Goldman Sachs loves its clients 

David Solomon has a message for all the Goldman Sachs clients out there: He's thinking of you.

The Goldman president, who spoke publicly to investors on Thursday for the first time since being named the heir apparent to current CEO Lloyd Blankfein, did his best to convince the market that the bank is laser-focused on helping its clients solve problems — not on padding its own bottom line.

If clients were listening, they need only to count the number of times Solomon mentioned them by name in his presentation. The word "client" appeared at least 57 times in his remarks. He added "relationship," as in "relationship-based business," an additional 13 times.

Read our story here. 

Jobs report beats 

US employers added 223,000 nonfarm payrolls in May, more than expected, while the unemployment rate fell to an 18-year low of 3.8%, according to the jobs report released on Friday.

Economists had forecast that employers added 190,000 jobs on net while the unemployment rate remained at 3.9%.

May was the 92nd straight month of job growth in the US — the longest streak ever. Most of the hiring last month came from the healthcare, construction, and retail industries.

President Donald Trump may have given gold and interest-rate traders a clear heads-up on the solid May jobs report, judging from market moves after his early tweet about the report.

Citigroup's hiring in equities to crack the top five 

Citigroup has hired a new US head of electronic cash trading, filling a key hole from a structural reorganization the bank's equities division underwent in March.

Dmitry Bulkin, formerly the head of liquidity strategy and market structure for US equity trading at Credit Suisse, is joining Citi as the head of electronic cash trading in the Americas, according to people familiar with the matter.

Citi has been investing heavily in its equities business in recent years in an effort to break into the top five and compete with Morgan Stanley, Goldman Sachs and JPMorgan.

Godfather of Silicon Valley investing won't raise a new fund 

Ron Conway, one of the tech industry's most prominent and powerful startup investors, who had early stakes in Facebook, Twitter, and Airbnb, said in a Medium post on Thursday that his early-stage investment firm, SV Angel, will not be raising a new fund.

Conway and his son, Topher, who co-manages the fund, said they will continue to use the SV Angel brand and cut checks — but in smaller amounts and as angel investors.

Zuck ignores shareholders 

A month after Facebook CEO Mark Zuckerberg faced critical questions from members of Congress, he and his team faced another skeptical audience on Thursday, this time in the form of the company's shareholders at its annual meeting.

Shareholders peppered Zuckerberg and his fellow executives and board members with questions about their ability and commitment to identify and delete fake accounts and abusive posts, the lack of diversity among Facebook's executive ranks, and the alleged censorship of conservative voices on its social-networking service.

In response to the criticisms, Zuckerberg and his colleagues ignored the concerns about the company's governance and calls for more transparency about its hiring practices.

Deutsche Bank CEO sick of bad news 

Deutsche Bank's new CEO has moved to reassure staff that the bank is in good shape after a tough 24 hours for the troubled German lender.

Deutsche Bank was hit with a credit ratings downgrade on Friday and is facing cartel charges in Australia. It comes less than a day after it emerged that the bank's US operations were last year deemed "troubled" institutions by regulators.

Christian Sewing said in a memo to staff on Friday that "the newsflow is not good" but stressed that the bank is financially sound and is moving forward after several tough years.

From "Big Short" to "big long"

A hedge funder behind "The Big Short" trade is turning his attention to marijuana

Danny Moses, the head trader at FrontPoint Partners under Steve Eisman during the housing crisis in 2008, said cannabis is the new "big long" at a conference on Thursday.

Moses and Eisman's bet against the housing market was chronicled by Michael Lewis in the best-selling book, "The Big Short: Inside the Doomsday Machine," which was later turned into an Academy Award-winning movie.

"The lack of banking and lack of access to capital is creating a huge opportunity," Moses said at the Cannabis World Congress and Business Expo in New York City. "It's a goldmine, but it's also a minefield."

Here's our story.

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10 things you need to know before the opening bell

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June 01, 2018

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Here is what you need to know.

Here comes the jobs report. The US economy is expected to have added 190,000 nonfarm jobs in May, with the unemployment rate holding at 3.9% and average hourly earnings growing 2.6% year-over-year, according to economists surveyed by Bloomberg.

Trudeau says Trump was on the brink of a big trade deal with Mexico and Canada but one confounding demand blew it up. Canadian Prime Minister Justin Trudeau said the US, Canada, and Mexico were at a "final dealmaking moment" on NAFTA before Vice President Mike Pence called and requested the inclusion of a controversial sunset clause.

Italy finally forms a government. Victor Conte has been named prime minister, and both he and his Cabinet will be sworn in Friday.

Spain ousts Rajoy. The Spanish parliament has forced Prime Minister Mariano Rajoy out of office in a vote of no confidence, and the opposition leader Pedro Sanchez has been named as his replacement.

S&P downgrades Deutsche Bank. The ratings agency S&P Global downgraded Deutsche Bank's long-term credit rating to BBB+ from A- on Friday, citing the bank's new restructuring plans as the main motivation.

The Netflix of China has become the hottest stock for millennials. iQiyi stock saw 2,611 positions added by Robinhood users over the past week, making it the stock with the most new positions on the app.

The market's most feared short seller is bullish on Snap and says it could be bought within the next year. "Google could easily give Snap the 'grownup' it needs while also saving close to $100 million," the provocative short seller who founded Citron Research, Andrew Left, said in a note sent out Thursday. "Although we now find out that SNAP has plans for profitability in the neat 12 months, we still question if it will remain independent for that long."

Stock markets around the world are mixed. China's Shanghai Composite (-0.66%) lagged in Asia, and France's CAC (+1.21%) leads in Europe. The S&P 500 is set to open up 0.46% near 2,717.

Earnings reports trickle out. Abercrombie & Fitch reports ahead of the opening bell.

US economic data keeps coming. Aside from the jobs report, Markit US Manufacturing PMI will be released at 9:45 a.m. ET before ISM Manufacturing crosses the wires at 10 a.m. ET. US auto sales will be announced throughout the day. The US 10-year yield is up 2 basis points at 2.88%.

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10 things in tech you need to know today

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June 01, 2018

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Welcome to Business Insider's summary of the top tech stories of the past 24 hours. Sign up to receive the email here.

Good morning! Here's the tech news you need to know this Friday.

1. Ron Conway, one of the tech industry's most prominent and powerful startup investors, said in a Medium post on Thursday that his early-stage investment firm, SV Angel, will not be raising a new fundConway and his son, Topher, who co-manages the fund, said they will continue to use the SV Angel brand and cut checks — but in smaller amounts and as angel investors.

2. Facebook CEO Mark Zuckerberg fielded questions from shareholders in the company's annual shareholder meeting. In addressing concerns about Facebook's recent scandals, Zuckerberg and his team repeated talking points they'd made to the press or in Congress.

3. There's an internal war at Google over its involvement in the US Department of Defense's Project Maven. Staffers flooded message boards, attended fractious meetings, created anti-Maven stickers, and resigned in protest.

4. Anti-tech demonstrators in San Francisco on Thursday morning blocked shuttles carrying workers from Google and Apple with piles of e-scooters. They were protesting what they see as failure of the tech industry and lawmakers to address the city's income inequality and sizable homeless population.

5. SoftBank will invest $2.25 billion in GM's Cruise self-driving-car division. Ultimately, SoftBank will take a nearly 20% equity share in Cruise, which has been operating as a stand-alone GM unit. 

6. An ex-Googler has warned that constant tech distraction has major societal side-effects such as fake news and online mobs. James Williams likened technology to a faulty GPS and suggested it isn't taking most people in the direction they want to go.

7. ZTE was created by China for the purpose of spying, and openly used bribery to accomplish its goals, court documents filed in Dallas allege. The documents also include testimony, taken under oath, from two telecom executives from Liberia who said ZTE bribed officials, allegedly including judges and the country's former president, between 2005 and 2007.

8. Melinda Gates has a plan to fix the not-enough-women-in-tech problem. She's not only investing in startups founded by women or minorities, she's also directly investing in funds run by female venture capitalists.

9. Telegram's CEO Pavel Durov said Apple has been blocking global updates to the messaging app since April. He claimed this follows Russia asking Apple to remove Telegram from the App Store.

10. Amazon-backed thermostat company Ecobee has raised $36 million to take on Google's Nest. Ecobee CEO Stuart Lombard says the plan isn't to "outspend" Google, but rather to ride the wave in the Amazon Alexa and Apple HomeKit ecosystems to become the leading alternative.

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