Author: Davide E

Most of the time, work should be all about business and not personal. That can be a relief when you think your boss is crazy; resent your coworker for dropping the ball on a project; or say too much at the company happy hour. The only snag is when you happen to be in business with your best friend.  That’s the challenge for Dave Gilboa and Neil Blumenthal, the cofounders and co-CEOs of direct-to-consumer glasses juggernaut Warby Parker. The two pals met in business school and have been in business together for almost 15 years.  In that time, they’ve blown…

Sometimes your best isn’t good enough. That’s the lesson Nvidia (NVDA) learned as the company’s shares fell 3% on Wednesday despite reporting better-than-expected second-quarter profit and third-quarter guidance.That’s not to say the company’s growth wasn’t impressive: Revenue grew 122% year over year to $30 billion, up from $13.5 billion, and data center revenue, which is all-important to Nvidia, reached $26.3 billion, up 154% year over year.But it wasn’t the kind of explosive event that investors have rapidly become accustomed to over the past few quarters.Beyond investor sentiment, Wall Street analysts also seem to have noticed Nvidia’s growth after several quarters…

New Yorkers are feeling the pinch in their wallets after a Listeria outbreak damages 7 million pounds of cold cuts. (Credit: WNYW) Federal health officials say the death toll from a listeria outbreak linked to Boar’s Head deli meat is increasing. The Centers for Disease Control and Prevention (CDC) has declared this Listeria outbreak to be the largest since one was linked to cantaloupe in 2011. The Centers for Disease Control and Prevention (CDC) released an updated report Wednesday saying that about 14 new cases and six deaths have been reported since early August as a result of continuing outbreaks…

According to multiple reports in the Catalan media, Barcelona have completed their deals for the summer transfer window and are unlikely to make any further signings or departures unless there are some unexpected last-minute changes in the market. The deadline is on Friday night, but sporting director Deco is unlikely to be as busy as usual in the final hours of the transfer window as the club is not expected to sign any players due to Financial Fair Play issues and is not expected to accept any offers for its current players before the deadline. Barca tried to negotiate with…

CrowdStrike CEO George Kurtz on Wednesday repeatedly used the word “resilience” in describing the cybersecurity company’s financial outlook, just weeks after a flawed software update took down businesses around the world. His comments came after CrowdStrike released its latest quarterly results and warned that full-year revenue would fall short of expectations, though the projections were only slightly lower than analysts had expected, offering hope that most customers will stick with the company despite the massive technical outage. “These results demonstrate the resilience of our business and team,” Kurtz said on a conference call with investors. CrowdStrike reported second-quarter revenue of…

Spencer Fehn attorney Mitch Martin’s perspective was recently featured in the St. Louis Business Journal article, “Illinois Revised Biometric Privacy Law is More ‘Business Friendly,’ Lawyer Says.” In the feature interview, Mitch explained the impact of Illinois Governor JB Pritzker’s amendments to the state’s longstanding Biometric Information Privacy Act (BIPA), which prohibits businesses from collecting biometric data from employees and consumers without their explicit written consent and disclosure. The amendments, which went into effect on August 2, change the compensation limits from per violation to per person. Mitchell offered his thoughts on what the changes mean for businesses, explaining that…

Paid streamers are out. Free TV is coming with a vengeance.As streaming took off, millions of viewers signed up for services like Netflix, attracted by the promise of great, ad-free entertainment. Some predicted that the future of television would shift from cable to ad-free streaming services. Advertisers worried about how to market to people who were spending more and more time in ad-free zones.Well, that was a long time ago.Over the past year, viewers have grown fascinated with these streamers’ (cheaper) ad-supported content. But perhaps more importantly, they’re spending more time watching completely free options. YouTube has overtaken Netflix as…

This essay is based on a conversation with Jeannie Assimos, a 52-year-old vice president at a fintech company. The following has been edited for length and clarity.I got married for the first time when I was 40. For most of my life, I didn’t want to get married. The idea of ​​being a wife and mother just didn’t appeal to me. I wanted to be independent, and I loved the idea of ​​being a career woman.In my teens and twenties, even when I had committed boyfriends, I refused to have any conversation about marriage. I wanted control over my life,…

Despite receiving 481 orders from airlines around the world, Boeing has been unable to sell its new wide-body jetliner to US airlines.United executives say that’s because the upcoming 777X, the world’s largest twin-engine plane currently in production, is simply too big for the airline’s needs.”We think the 777X will be a very good airplane, but it’s a very big airplane,” Patrick Quayle, senior vice president of global network planning and alliances, told Business Insider. “Given our hub structure, we think a smaller wide-body airplane would actually be better.”Quayle explained that United Airlines has seven hubs across the US, including Chicago,…

Nvidia shares down 7% pre-market; UK car production falls 14%Good morning, and welcome to our live coverage of business, economics and financial markets.Nvidia shares are down 7% in after-hours trading despite actually beating analyst expectations for sales and profits.The Silicon Valley chip designer reported sales more than doubling to $30bn (£23bn), up 122% in the second quarter compared with last year. Analysts had expected sales of $28.7bn on average.Jensen Huang, founder and chief executive of Nvidia, said anticipation for its forthcoming Blackwell chips – which squeeze in 208bn transistors to carry out the calculations needed to train large language model…