In leaked recording, Amazon CEO Andy Jassy wouldn’t share data for his controversial RTO mandate. Said it was a ‘judgement’ call, like launching AWS.
Amazon CEO Andy Jassy said the return-to-office mandate was a “judgment” call. He compared it to prior decisions not fully driven by data but wildly successful, like launching AWS. Jassy said he spoke to roughly 80 CEOs of other companies about remote work. During an internal fireside chat last week, Amazon CEO Andy Jassy was pressed…
A co-investment chief at billionaire investor Mario Gabelli’s firm shares 3 stocks with strong pricing power he’s betting on as inflation remains sticky — including one that could surge 53%
A tight labor market threatens to keep inflation elevated, which could mean high rates for longer. In such an environment, pricing power is crucial to a firm’s success, says Kevin Dreyer. The Gabelli Funds co-CIO is bullish on stocks like Diageo and BellRing Brands. According to Kevin Dreyer, co-chief investment officer for value investing at…
Triller has pitched its app as a TikTok replacement, but says it won’t try to generate revenue directly from its namesake product
Triller said it won’t try to generate revenue directly in the short-video app it was named after. The company has regularly positioned its app as an alternative to TikTok over the years. It revealed the business “refocus” in an S-1 filing as it pursues a public listing. Triller has decided not to make money directly…
Lending startup Captain raised $107 million in the boom times. Now it’s up for sale amid layoffs and a capital drought.
Captain, a startup that aimed to quicken home repairs after natural disasters, is winding down. The Louisville-based company had previously raised $107 million across venture and debt equity. But it struggled to secure additional capital, according to an email from CEO Demetrius Gray. The season of startup wind-downs has arrived. According to three people with…
JPMorgan: The world’s food supplies face a bleak future. These are the 3 biggest threats, and the companies best-positioned to tackle food insecurity.
War in Ukraine, bad weather around the world, and export restrictions have hurt global food supply. JPMorgan reports on the state of the global food market, and the mounting disruptions. The firm also breaks down which stocks around the world will play key roles in the future of food. Hurricanes in California are flooding the…
Girls flag football: Familiar names coaching Pittsburg, Freedom
Pittsburg’s Victor Galli, Freedom’s Kevin Hartwig coaching CIF’s new sport — girls flag football — at their schools. Said Galli: ‘This isn’t Powder Puff. Winning counts.’ Victor Galli and Kevin Hartwig matched X’s and O’s on East Contra Costa County high school football fields for many years. Galli led Pittsburg for 21 years before stepping…
Fran Drescher says actors strike she’s leading is an ‘inflection point’ that goes beyond Hollywood
ANDREW DALTON and KRYSTA FAURIA LOS ANGELES (AP) — Fran Drescher believes that the walkouts that have paralyzed Hollywood are about much more than the actors union she leads, the writers striking alongside them, or the entertainment industry. According to Drescher, the moment is about the entire world of work, as well as a larger…
Mercenary chief Prigozhin is presumed to have died in a plane crash seen as the Kremlin’s revenge
Russian mercenary chief Yevgeny Prigozhin and some of his top lieutenants were presumed dead Thursday in a plane crash widely interpreted as an assassination to avenge a mutiny against President Vladimir Putin. According to Russia’s civil aviation authority, the founder of the Wagner military company and six other passengers were on a private jet that…
Berkeley man who kept 2.9 pounds of fentanyl in his backpack gets 7 years in federal prison
Defense says he was in debt to dangerous people OAKLAND, Calif. — According to court records, a Berkeley man who was arrested with 2.9 pounds of fentanyl and six ounces of methamphetamine as he was leaving home for San Francisco’s Tenderloin neighborhood was sentenced to seven years in federal prison. According to court records, Chief…
