
Fed Being on Hold Is Bolstering Markets, Schwab's Sonders Says
"Cutting rates here isn't really the elixir" for markets, Charles Schwab Chief Investment Strategist Liz Ann Sonders says on "Bloomberg Open Interest." (Source: Bloomberg)
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Forbes
30 minutes ago
- Forbes
How I Travel: Mike Lisanti
Mike Lisanti spends his time traversing the world in search of the next the global music icon. As the founder of MLennial, a Los Angeles-based artist management company, Lisanti has made a name for himself cultivating the big names across dance and bass music, among them such artists as Crankdat, BARELY ALIVE, Kompany, SABAI and MUZZ. So it's of little wonder that the entrepreneur has his travel preferences dialed in - from his go-to in-flight uniform to his preferences upon check-in. Check them out, below. Mike Lisanti Mike Lisanti Mike Lisanti's Travel Intel My go-to airline is: Delta. My favorite seat on the flight is: window. My go-to in-flight beverage is: Coke Zero. My favorite airport/terminal is: Istanbul (IST). The second I get on a plane, I: Put my neck pillow on and plug in my Steam Deck. My go-to travel uniform is: Grey sweatpants from Represent, a MLennial Hoodie, Black North Face beanie, Daniel Patrick thermal oversized tee, Rolex Datejust, Nike Airforce 1's or Clark's Wallabees. My carry-on consists of: Tumi Alpha 2 backpack and Tumi Alpha 3 carry-on suitcase. The pieces I take everywhere are: Daniel Patrick T shirts, Daniel Patrick 7 pocket Cargo Pants, MLennial hoodie, Prada sunglasses, my everyday Rolex, my custom white gold and diamond necklaces from JK jewelers. My flying soundtrack is: Hot Since 82 Radio on Spotify. My favorite thing about flying is: I'm good at sleeping on planes. The worst part about flying is: sitting next to someone to that stinks. My one flying hack is: If you're a business owner using Delta, make sure you have Skybonus for Business set up to gather status for flights you book for employees including yourself. The second I land, I: call people I needed to call while only on WiFi in the air. As soon as I check into my hotel room, I: go to the gym. My favorite hotel in the world is: The St. Regis in Dubai. My favorite city in the world is: Rome. A concierge will know that I prefer: private drivers if I'm overseas trying to site-see. I conquer jetlag by: not sleeping. My biggest piece of travel advice is: if someone is giving you unwanted attention while you are out and alone, jump on FaceTime video with someone and just figure out things to talk about so you're not totally alone. I did this at a restaurant in Tunis, Tunisia and it saved me since I had to walk back up Sidi Bou Said alone after dinner.


New York Post
34 minutes ago
- New York Post
Elon Musk reportedly fires longtime ‘fixer' Omead Afshar as Tesla sales slump
Tesla boss Elon Musk has reportedly fired longtime 'fixer' Omead Afshar, the head of the company's North American and Europe operations, after a prolonged sales slump in the key regions. Afshar was long considered one of Tesla's most powerful executives and had been promoted to oversee sales and manufacturing in the two regions last year. Forbes was first to report on the firing, citing people familiar with the matter. Tesla did not immediately return The Post's request for comment. Musk, who frequently provides business updates on his X account, has yet to address Afshar's status. 3 Elon Musk has reportedly fired longtime aide Omead Afshar. Bloomberg via Getty Images The exact timing of Afshar's exit was not immediately clear, though news of his departure has reportedly been discussed by some Tesla employees in recent days, Bloomberg reported. Afshar's name has also been removed from an internal employee directory. Afshar's reported ouster is the latest sign of turmoil at Tesla, with shares down more than 13% since the start of the year. Tesla will report its second-quarter delivery numbers next week – an announcement that will be closely watched by investors. Tesla's sales in Europe plunged 28% in May, marking the fifth straight month of declines as Musk's firm cedes ground to BYD and other Chinese electric car makers, according to data from the European Automobile Manufacturers Association. As recently as Tuesday, Afshar posted on X touting progress in the performance of Tesla's Robotaxis in Austin, Texas. On Monday, he described the Robotaxi rollout as an 'absolutely historic day for Tesla.' 3 Tesla is in the midst of a sales slump. Getty Images 'This has been *years* of hard work and focus by so many people within the company. Thank you, Elon, for pushing us all!' Afshar wrote. A 2024 Wall Street Journal profile referred to Afshar as Musk's 'fixer' and one of the most powerful executives at Tesla. Notably, he oversaw the construction of Tesla's massive Gigafactory in Texas. He also once ran the office of the CEO at Tesla. Several top executives left Tesla then, amid restructuring and layoffs, including CFO Zach Kirkhorn, chief battery engineer Drew Baglino, and Rebecca Tinucci, who led the Supercharging division. Milan Kovac, who led engineering on the company's Optimus robot, resigned to spend more time with his family. Separately, Jenna Ferrua, who headed human resources operations in Austin, has also quit, according to latest media reports. 3 Afshar had praised Tesla's Robotaxi program on X as recently as Tuesday. x/omead Wall Street has been concerned about Tesla's aging car lineup and increased competition abroad, while Musk's work with President Trump and the Department of Government Efficiency contributed to a brand crisis. Tesla backers say self-driving Robotaxis will have a transformative impact on the company's business. For the limited rollout in Texas, Tesla placed safety officers in the front seat to monitor the vehicle's behavior. Despite the safety measures, some Robotaxis experienced glitches and even appeared to violate local traffic laws.


Bloomberg
38 minutes ago
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Anyone Can Sell You SpaceX Stock
A lot of private companies restrict sales of their stock. If you are an employee or an early investor at Stripe or SpaceX or OpenAI or another hot startup, you might own stock that you want to sell. But many hot startups won't let you sell, or will require that you ask for permission or give them a right of first refusal. Perhaps the company will provide some liquidity — it will arrange occasional tender offers to help employees cash out their shares — but there's no guarantee, and you might have to wait until the company goes public to sell your stock. Meanwhile, a lot of people are clamoring to buy shares of hot private companies. Owning SpaceX or OpenAI stock is cool, and many individuals want to buy some, but they have a hard time finding any. There are insiders who want to sell, and outsiders who want to buy, but they can't trade with each other and the market doesn't clear. Annoying. 1