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What my mom did to raise four highly successful executives

If you asked Ginni Rometty’s mom how she managed to raise four high-powered executives, she’d be as stunned as you are. “My mom [is] always like, ‘How did this happen?,'” Rometty, the former CEO of IBM, said on Wednesday at the World Business Forum summit. “To this day, she’ll be …

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NFL quarterback Tommy DeVito still lives with his parents

Despite the luxurious lifestyle that National Football League players can often afford, New York Giants quarterback Tommy DeVito is happy to live with his parents. “It was a no-brainer for me,” said DeVito, 25, in a recent interview with ESPN. “I don’t have to worry about laundry, what I’m eating …

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Forget quiet luxury, resist urge to buy more

Allison Bornstein, author of “Wear It Well”. Photo: Jennifer Trahan It’s not often we’re told to buy less, at least on social media. More likely, we’re encouraged to wear Loro Piana cashmere baseball hats and carry $300 Smythson notebooks like Gwyneth Paltrow in the name of “quiet luxury” and justify …

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This key element of ESG investing could drive real change at companies and boost returns

A pedestrian passes a Wall Street subway station near the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. Money managers betting on a sustained global rebound will be left sorely disappointed in the second half of this crushing year as a protracted bear market …

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Tech stocks wrap up strongest three-week rally since April 2020

Products at the showroom of the Nvidia Corp. offices in Taipei, Taiwan, June 2, 2023. I-Hwa Cheng | Bloomberg | Getty Images Tech investors are marching towards Thanksgiving with plenty of holiday cheer. The Nasdaq rose 2.4% this week, bringing its three-week gains to 12%. It’s the strongest rally over …

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Ray Dalio says U.S. reaching a point where our debt problem gets even worse

Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday. The hedge fund titan warned during a CNBC appearance that the need to borrow more and more to cover deficits will exacerbate the political and social problems the …

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You could owe 0% capital gains tax for cryptocurrency in 2023

After a more than 80% jump in bitcoin’s price in the first half of 2023, crypto market watchers gave CNBC their expectations for how the cryptocurrency will perform in the latter half of the year. STR | NurPhoto via Getty Images As investors weigh year-end tax moves, there may be …

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Ignore the ‘lightbulb moment’ myth

A great business idea will never strike you like a lightning bolt out of the blue. That’s according to Catalina Daniels and James Sherman, the authors of “Smart Startups: What Every Entrepreneur Needs to Know — Advice from 18 Harvard Business School Founders.” They wrote the book after interviewing 18 …

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Ex-Meta staffers sell trust and safety tech during Israel-Hamas war

People using their mobile phones outside the offices of Meta, the parent company of Facebook and Instagram, in King’s Cross, London. Joshua Bratt | Pa Images | Getty Images Lauren Wagner knows a lot about disinformation. Heading into the 2020 U.S. presidential election, she worked at Facebook, focusing on information …

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Amazon cuts ‘several hundred’ jobs in Alexa division

Visitors at Amazon Alexa boot during the international electronics and innovation fair IFA in Berlin on September 10, 2019. Nurphoto | Getty Images Amazon on Friday began laying off “several hundred” people in its Alexa division as part of broader belt-tightening that’s been underway since last year, the company confirmed. …

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