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After years of criticizing the new electromagnetic catapults on the US Navy’s newest aircraft carriers, President Donald Trump is now officially pushing for a return to steam-powered systems for a future carrier.The first Navy aircraft carrier to use electromagnetic catapults to launch aircraft was USS Gerald R. Ford, setting a…
No one wants to hear from a colleague that they monopolized a meeting or failed to get their point across — and few colleagues want to be the one to share that with their boss.While thoughtful feedback can be valuable, it’s not always welcome when it’s unsolicited. Nowadays, Coinbase CTO…
Michael Burry says he’s shorting Oracle and Nebius, two companies that are betting big on the AI boom.The investor of “The Big Short” fame said in a Substack post on Thursday that while researching the fourth part of a series titled “The Heretic’s Guide to AI’s Stars,” he’d shorted the…
Andrew Tobias is a New York City millionaire, and he will happily pay more taxes. Just make sure to send him a fruit basket.The financial writer is part of the Patriotic Millionaires, an advocacy group of high-net-worth Americans who crusade for higher taxes on the wealthy. He said he would…
Lloyd Blankfein went from being a poor kid on a Brooklyn housing project to a Harvard graduate, a corporate tax lawyer, then the CEO of Goldman Sachs.His titanic change in circumstances required a major shift in mindset, Blankfein explained in “Streetwise,” his memoir published this spring.He wrote that “growing up…
GameStop CEO Ryan Cohen is so determined to buy eBay that he’s taken his own $35 billion pay deal off the table.Cohen has withdrawn the proposed compensation package because he wants to fully focus on revitalizing GameStop’s business and acquiring eBay, GameStop said in a press release on Tuesday.Cohen has…
A little over six months ago, Toptal CEO Taso Du Val told Business Insider he believed in what he called an 80/20 model: 80% remote work and 20% in-person work at quarterly off-sites.Now, that 80-20 ratio means something different to him: 80% of the workforce can be fully remote and…
