Meet the former investment banker who’s showing young athletes like Joe Burrow and Trae Young how to grow their wealth
Former investment banker Mark Patricof advises more than 230 high-profile athletes. Athletes have backed about half of the firm’s roughly $140 million in investments since 2018. He works with some of the youngest and highest-paid stars in sports, including Joe Burrow and Trae Young. Mark Patricof isn’t looking for hall-of-famers with deep pockets when he…
6 key takeaways from an interview with Instagram boss Adam Mosseri, from his approach to creators to the power of DMs and getting rid of features
Instagram’s new app, Threads, has dominated the discourse around Meta since its July 5 launch. Head of Instagram Adam Mosseri sat down with venture capitalist Harry Stebbings in a recent podcast. During the hour-long show, Mosseri touched on everything from Threads to paying creators. Instagram and its top executive, Adam Mosseri, have been in the…
TikTok is building an e-commerce team in the US to go after pre-owned luxury bag buyers and sneakerheads
TikTok is hiring staffers to sell pre-owned luxury items like bags and collectibles like sneakers. It’s been on a hiring spree as it looks to boost activity for its e-commerce feature, TikTok Shop. Its investment in pre-owned goods shows how far the company’s “everything store” ambitions extend. TikTok’s social shopping ambitions are becoming clear; the…
Pac-12 collapse: Winners and losers from the 2023 realignment cycle
At the Pac-12’s preseason media event in Las Vegas two weeks ago, commissioner George Kliavkoff provided a succinct, confident assessment of the college sports landscape. “We’ll get our media rights deal done, and then we’ll announce the deal,” he promised. “I believe the realignment in college athletics is coming to an end for this cycle.”…
Clayton grass fire near San Jose is now 97 percent contained
Cal Fire announced Saturday evening that a grass fire that charred the hills east of San Jose was 97 percent contained. The Clayton Fire began Thursday afternoon around Clayton Road and Via De La Vista and spread to nearly 70 acres. It briefly gained tier three status after threatening multiple structures, but none were damaged.…
A 37-year-old who is financially independent from her 12-unit real estate portfolio says ‘investors overlook condos.’ She explains why this type of property is a smart investment and her ‘secret sauce.’
Real estate investor and consultant Zeona McIntyre says that investors overlook condos. While some investors may see HOA fees as a turn-off, she doesn’t mind them. If she’s not investing in a condo, she prefers multi-family properties over single-family homes. Before Zeona McIntyre, 37, could afford to buy her first home, she rented out the…
Goldman Sachs: These are the 24 best stocks to buy now as the market rally stretches valuations higher
Markets have rallied on the back of strong earnings, good macroeconomic data, and bullish sentiment. But it’s easy to get swept up in blind optimism, and investors need to proceed with caution. Goldman Sachs compiled the 22 best investing ideas from its US analysts, regardless of sector. Lower inflation, signals that the Federal Reserve will…
Chiefs’ Charles Omenihu gets six-game suspension for arrest while with 49ers
Charles Omenihu, a Kansas City defensive end, was suspended for six games Friday under the NFL’s personal conduct policy for a domestic violence arrest in San Jose last season while playing for the 49ers. Omenihu, 25, was arrested and charged with two misdemeanor counts of domestic battery and one misdemeanor count of illegally destroying, removing,…
San Jose flooring company owner sentenced for shorting workers $1 million in overtime wages
SAN JOSE, Calif. — After failing to pay his employees $1 million in overtime wages, the owner of a San Jose flooring company was sentenced to four months in jail and ordered to pay over $580,000 in restitution. According to a statement released by the Santa Clara County District Attorney’s Office on Thursday, an investigation…
