Elizabeth Holmes accuses ex-lover, business partner of abuse
Disgraced entrepreneur Elizabeth Holmes on Monday cast herself as the abused puppet of her former lover and business partner Sunny Balwani during tearful testimony aimed at refuting accusations she lied about a flawed blood-testing technology that hailed as a major breakthrough.
Reporter recalls pivotal story in Elizabeth Holmes' stardom
A Fortune Magazine reporter whose story helped turn Elizabeth Holmes into a Silicon Valley sensation came to court Thursday to explain why he felt like he became a pawn in her attempts to hype a blood-testing technology she promised would revolutionize health care.
This handwritten letter by 18-year-old Steve Jobs is up for auction — and could fetch up to $300,000
In 1974, an 18-year-old Steve Jobs wrote a signed letter to his childhood friend, discussing Zen Buddhism and his plans to visit India. Now, the letter could sell at auction for between $200,000 and $300,000.cnbc.com
Who will get Powell Jobs' $3.5B gift for climate work?
Philanthropy-Laurene-Powell-Jobs FILE - In this Aug. 2, 2016, file photo, Laurene Powell Jobs arrives for a State Dinner at the White House in Washington. Philanthropist Laurene Powell Jobs is gearing up to invest $3.5 billion into climate-focused initiatives in the next ten years. Its board includes Powell Jobs' family members, including her son, Reed Jobs. Donor-advised funds, or DAFs, for short, allow donors anonymity -- something Powell Jobs has long prized in her work. Though, some outside observers believe Powell Jobs' quest for anonymity might be beneficial in her climate-focused work.wftv.com
Laurene Powell Jobs to invest $3.5B in climate group
Philanthropy Laurene Powell Jobs FILE - In this Aug. 2, 2016, file photo, philanthropist Laurene Powell Jobs arrives for a State Dinner at the White House in Washington. Jobs, the widow of Apple founder Steve Jobs, will invest $3.5 billion within the next 10 years to address the climate crisis, a spokesperson for Emerson Collective, Jobs’ organization, said on Monday, Sept. 27, 2021. (AP Photo/Pablo Martinez Monsivais, File) (Pablo Martinez Monsivais)Philanthropist Laurene Powell Jobs, the widow of Apple founder Steve Jobs, will invest $3.5 billion within the next 10 years to address the climate crisis, a spokesperson for Emerson Collective, Jobs’ organization, said on Monday. The money will go into Waverley Street Foundation, an organization Jobs set up in 2016, and focus on "initiatives and ideas to help underserved communities most impacted by climate change," the spokesperson said. The spokesperson also said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives, has been selected to chair the foundation’s board.wftv.com
9/11 immigrant clean up crews seek residency
Immigrant workers who helped clean up lower Manhattan after the Sept. 11 attacks have long asked to obtain legal status as a way to compensate for the work and subsequent health problems. As the 20th Anniversary nears, they again seek recognition. (Aug. 8)news.yahoo.com
Fallen tech star Elizabeth Holmes prepares to go on trial
Jury selection in the fraud trial of Theranos founder Elizabeth Holmes began Tuesday, casting a spotlight on the fallen Silicon Valley star now facing felony charges alleging she duped elite financial backers, customers and patients into believing that her startup was about to revolutionize medicine.
Meet billionaire investor Laurene Powell Jobs, wife of the late Apple cofounder Steve Jobs who spends much of her $21 billion on charity and says her kids won't inherit the fortune
Powell Jobs throws elaborate Halloween shows at her Silicon Valley home, sails on her $110 million yacht, and donates much of her wealth to charity.news.yahoo.com
Apple CEO faces tough questions about app store competition
Apple CEO Tim Cook described the company’s ironclad control over its mobile app store as the best way to serve and protect iPhone users, but faced tough questions about competition issues from a judge while testifying Friday about allegations that he oversees an illegal monopoly.
Is Epic Games' showdown with Apple turning into a mismatch?
If Epic Games hopes to dismantle the fortress surrounding Apple’s iPhone and its app store, the video game maker probably will need to roll out some heavier artillery heading into the second week of a trial threatening Apple’s $2 trillion empire.
Facebook's Mark Zuckerberg is the last founder-CEO in Big Tech as Bezos steps back
Mark Zuckerberg (R) is about to surpass Jeff Bezos as the world's fifth richest man. Getty ImagesWhen Amazon's Jeff Bezos steps down as CEO later this year, Facebook's Mark Zuckerberg will be the last founding CEO left at any of the big tech companies. Now Amazon is shifting from founder Bezos to Andy Jassy, a long-time Amazon employee who built up AWS, the company's cloud-computing business. Unlike these other leaders -- including Bezos -- Zuckerberg holds an absolute majority of voting power over Facebook shares. Tech giants have fared well after replacing foundersApple, Microsoft and Alphabet have all seen their revenues and stock price grow with their newest leaders.cnbc.com
Cramer: Optimistic young investors see Elon Musk as next Steve Jobs, take Tesla to dizzying heights
CNBC's Jim Cramer said Tuesday young investors believe Tesla CEO Elon Musk has grand visions for the electric-vehicle maker that make him comparable to late Apple co-founder Steve Jobs. That's why they're willing to continue buying Tesla's stock, helping propel its dizzying run this year, Cramer added. While its stock was down about 2% Tuesday, Cramer said Tesla's capital raise may speak to what youthful investors like about Musk. You're up against some very serious companies when it comes to pickups, and that's where the money is." Shares of Tesla have soared to great heights this year, rising well over 600% to a series of record highs.cnbc.com
Steve Wozniak is starting another company, 45 years after co-founding Apple with Steve Jobs
Steve Wozniak is starting a second company, 45 years after he co-founded Apple in Steve Jobs' parents garage in 1976. This time, Wozniak is starting a business in the green tech and blockchain space called Efforce, according to a statement released Friday. According to Efforce, "investors can participate in energy efficiency projects buy acquiring tokenized future savings," while companies benefit from such improvements "at no cost." According to Wozniak, "energy consumption and CO 2 emissions worldwide have grown exponentially, leading to climate change and extreme consequences to our environment. Wozniak created Efforce "to be the first decentralized platform that allows everyone to participate and benefit financially from worldwide energy efficiency projects, and create meaningful environmental change," he said.cnbc.com
Tailgating tradition takes on new form as opera goes virtual
FILE - In this May 8, 2019, file photo, the Santa Fe Opera awaits its summer season in Santa Fe, N.M. Instead of tailgating outside the Santa Fe Opera, he and his wife celebrated their anniversary and the opera's opening night on their balcony in downtown Denver. We are celebrating all that is still possible and still beautiful here at the Santa Fe Opera, Graham told those watching from their living rooms and patios. Supreme Court Justice Ruth Bader Ginsberg also has been a regular visitor to performances in Santa Fe. Batty attended his first Santa Fe opera in 1985 while visiting as a student from the United Kingdom.
Global pandemic: Through the eyes of the world's children
(AP Photo/Denis Farrell)CHICAGO These are children of the global pandemic. This is life under lockdown, through the eyes of children. Like many children under lockdown, she misses her friends and her teachers and especially misses playing her favorite game, netball. Thats life during the coronavirus pandemic for Tresor Ndizihiwe, a 12-year-old boy who lives in Rwanda, one of seven brothers and sisters. By comparison, the coronavirus pandemic seems manageable, the 10-year-old says.
Travis Kalanick and the four paths of ousted tech founders
Uber CEO Travis Kalanick. Kalanick co-founded Uber in 2009, then took over as CEO the following year. The second actMarc Andreessen, cofounder of Andreessen Horowitz, speaks at Recode's 2017 Code Conference. Then, a decade ago, Andreessen co-founded Andreessen Horowitz, where he used his hard-gained knowledge as an entrepreneur to build one of the most successful venture capital firms in Silicon Valley. Kalanick sold less than $3 billion worth of Uber stock, which barely buys an NBA team these days.cnbc.com
Electric car start-ups once seen as threat now struggle to survive
Vacuum maker Dyson on Oct. 10 pulled the plug on its own electric vehicle program before building a single vehicle. "Almost none of the battery-electric start-ups has had enough air under their wings to take off," said Anton Wahlman, an analyst and electric vehicle consultant. An onlooker observes the 2009 Fisker Karma, with plug-in hybrid technology called Q DRIVE, developed by Quantum Technologies exclusively for Fisker Automotive. Complicating matters, EV start-ups largely misread the potential EV market, Abuelsamid added. "The EV market has not developed at the pace a lot of people thought in 2009 and 2010," said Abeulsamid.cnbc.com
Jeff Bezos: This is the one Amazon leadership principle that 'surprises people' the most
But there is one that "surprises people," according to Jeff Bezos it's Amazon's fourth leadership principle: "be right, a lot." "...[G]ood leaders are right a lot," Bezos said at the Pathfinder Awards in Seattle in 2016. "People who are right a lot, they listen a lot, and people who are right a lot, change their mind a lot," Bezos said. Though it's important to be "right, a lot," Bezos points out that there are times when being wrong is OK too. You're gonna try something on your way to that vision, and that's going to be the wrong thing, you're gonna have to back up, take a course correction, and try again."cnbc.com
What inspired these top advisors to help others manage money
But how about the financial advisor you've been working with all these years? More from Financial Advisor 100:CNBC FA 100 2019 list of top-rated financial advisory firmsTop-ranked advisory firms help meet their client's financial goals10 years on, 'personal touch' will still dominate financial advice spaceWe asked eight financial advisors from wealth management firms ranked in the 2019 FA 100 list what exactly inspired them to get into the financial advisory business. My first purse, at 5 years old, was a Bank of America money bag." As I considered various careers, I realized that the financial planning/investment advisory industry provided both. In this industry, to be successful, you have to want to help people first and foremost.cnbc.com
Steve Jobs: 'Technology is nothing'here's what he said it really takes to achieve great success
It's been eight years since Steve Jobs passed away on Oct. 5, 2011, but his lessons about life, work and success still live on today. He taught them to focusAfter his return to Apple, Jobs would take his top employees on annual retreats. "Deciding what not to do is as important as deciding what to do," Jobs told Isaacson. According to Isaacson, Jobs believed in the power of in-person conversations and always preferred face-to-face meetings. "There's a temptation in our networked age to think that ideas can be developed by email and iChat," he told Isaacson.cnbc.com
Apple CEO Tim Cook slams Trump's immigration policy in Supreme Court filing
Apple CEO Tim Cook said in a filing to the Supreme Court on Wednesday that the company disagrees with President Trump's decision to terminate DACA, the Obama-era program that shields some immigrants without documentation from being deported. The Supreme Court said in June that it will hear arguments in three cases over the legality of the administration's decision to end DACA the Deferred Action for Childhood Arrivals program. The cases are scheduled to be argued on Nov. 12, and a decision is expected to be public by June. Apple said in its brief that the company wouldn't exist without immigration and that co-founder Steve Jobs is the son of an immigrant. The company said it's morally wrong to deport immigrants who followed U.S. policy and achieved DACA status.cnbc.com
Jack Dorsey is having an epic year and he's not talking about it
Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Shares of Twitter and Square the two San Francisco-based companies he leads have both rallied more than 45% in 2019 so far. Nevertheless, Dorsey is producing solid financial metrics this year and with very few public comments about them. "Sarah was more than a CFO she also had operations responsibilities and was essentially a 'shadow CEO / President' to Jack." Celebrity CEOWall Street and Main Street seem equally fascinated with Jack Dorsey.cnbc.com
Josh Brown: Sometimes the best returns come from CEOs you've never heard of
Everyone knows the names Bill Gates, Warren Buffett and Steve Jobs, three of the most famous CEOs in modern history. But what's less well known is the fact that some of the greatest stock returns of all time came from companies being run by press-shy, demurring executives who were content to work away from the public eye. In William Thorndike's book "The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success," we learn the stories of some of the greatest CEOs of all time when measured by shareholder returns. The book talks about how, with the exception of Buffett, they tended to avoid giving interviews or talking to Wall Street analysts. Shareholders came to appreciate these "outsider" CEOs based on the end result they saw in their stock price appreciation.cnbc.com
You best believe the 43rd annual Miss Parliament House Pageant is a big freaking deal
click to enlarge Photo by Monivette CordeiroThe iconic Darcel Stevens is just one of the special guests. This is the 43rd year that Parliament House has hosted a Miss Parliament House drag pageant. Do you want to know what was happening the same year that the first pageant was held? The Son of Sam terrorized New York. Apple was founded by Steve Jobs and Steve Wozniak.orlandoweekly.com
In moments of anger, Steve Jobs was highly critical of Tim Cook, says biographer Walter Isaacson
Walter Isaacson, author of the 2011 "Steve Jobs" biography, on Monday revealed to a greater extent the pointed criticism that Jobs had about Tim Cook, whom he handpicked as Apple CEO before his death. "In my book, Steve says how Tim Cook can do everything, and then he looked at me and said, 'Tim's not a product person.'" On "Squawk Box," Isaacson said that Jobs in interviews for the book went further than that. Isaacson's biography was published on Oct. 24, 2011 19 days after Steve Jobs died from pancreatic cancer at the age of 56. Cook and Apple were not immediately available to respond to CNBC's request for comments on the Isaacson interview.cnbc.com
Bill Gates says Steve Jobs was a master at 'casting spells' to keep Apple from dying
Steve Jobs was a master at "casting spells" to keep Apple employees motivated and working long hours, said Bill Gates, the billionaire co-founder of technology giant Microsoft. "I was like a minor wizard because he would be casting spells, and I would see people mesmerized, but because I'm a minor wizard, the spells don't work on me," said Gates, the world's second-richest person. Despite that, Jobs, the former Apple CEO who died of pancreatic cancer in 2011, was an example of "don't do this at home" in his style of leadership, Gates said. Jobs was a singular case, Gates said, where Apple was on a path to die and goes on to become the most valuable company in the world. Since Jobs' passing, leadership of the company has gone to current CEO Tim Cook.cnbc.com
Jony Ive's departure marks the end of an era for Apple
When Jony Ive first met Steve Jobs, Ive expected to be fired. Against that backdrop, Jobs paid a visit to Apple's design studio, where Ive was only recently put in charge. Apple announced Thursday that Ive is leaving Apple after nearly 30 years with the company. With Ive's departure and Jobs' passing, Apple's two key tastemakers are no longer working at Apple. "He was the soul of Apple's industrial design," Tim Bajarin, a longtime Apple analyst, told CNN Business.
Here are some of the most iconic Apple products designed by Jony Ive
SAN JOSE, CALIFORNIA - JUNE 03: Apple chief design officer Jony Ive (L) uses an iPad. Like other iconic Jony Ive designs, part of its attraction was how easily people could scroll through long lists of songs using the wheel design. Apple WatchApple Watch Source: Apple Inc.Today, you'd be hard pressed to walk down the block of a modern city and not see an Apple Watch on someone's wrist. That changed once Apple introduced the Apple Watch, though, with its touch-screen display, convenient twist "Digital Crown" controls. Beck Diefenbach | ReutersHere's another win for Jony Ive.cnbc.com
Aaron Sorkin and Danny Boyle on the making of "Steve Jobs"
Four years ago this week, Apple co-founder Steve Jobs died. A new movie bearing his name takes a look at his genius, flaws and legacy. Oscar-winning screenwriter Aaron Sorkin and Oscar-winning director Danny Boyle teamed up for this film. Sorkin and Boyle join "CBS This Morning" to discuss the premise of "Steve Jobs" and challenges they encountered with the Jobs family and friends.cbsnews.com
Silicon Valley pays tribute to David Goldberg
"This is the biggest loss since Steve Jobs," said Marc Benioff, a friend of the late David Goldberg. Goldberg, the CEO of SurveyMonkey and husband of Facebook COO Sheryl Sandberg, died Friday after slipping on a treadmill. Elaine Quijano reports on the memorial service held for Goldberg at Stanford University.cbsnews.com
Youngest self-made female billionaire takes high-tech approach to blood testing
Elizabeth Holmes is being compared to visionaries like Bill Gates and Steve Jobs. Holmes founded a biotech company called Theranos in 2003, and her mission is to allow blood testing in every drugstore at a fraction of Medicare costs. Norah O'Donnell reports on how her tiny invention is reshaping health care.cbsnews.com
"Becoming Steve Jobs" hits bookshelves with Apple's blessing
"Becoming Steve Jobs" hits bookshelves with Apple's blessing A new biography on Apple's founder and lifeblood, Steve Jobs, is on the shelves and Apple has already given it its stamp of approval. The author was granted permission to interview four Apple executives, including CEO Tim Cook. Insiders believe Apple's support is part of a calculated effort to reshape Jobs' image as a kinder spirit rather than difficult and demanding. CBSN's Elaine Quijano and Gideon Yago report on the details.cbsnews.com