Austin companies pass on letter denouncing Abbott transgender order
Some Austin-area companies were noticeably absent Friday when the Human Rights Campaign released a letter signed by 60 major businesses, urging Gov. Greg Abbott to abandon an order that equates gender-affirming health care for transgender children to child abuse.Why it matters: The letter denouncing Abbott's order includes organizational names like Austin's South by Southwest and companies with a large presence here: Apple, IBM, Google, VMware and Meta.And Abbott's order comes as businesses jugg
news.yahoo.comExecutives are buying stock in droves, giving a 'strong' signal that the comeback is for real
The ratio of companies with insider buying compared to insider selling is at 1.75 for March, its highest level since March of 2009, according to Washington Service, a provider of insider-trading and data analytics. Insiders likely wouldn't be buying stock if they weren't expecting healthy business on the other side of the virus turmoil, but they are long term shareholders. Wells Fargo CEO Charles Scharf bought about $5 million worth of stock and Planet Fitness chief Christopher Rondeau purchased about $4 million in stock earlier this month. Blackstone bought more than $50 million of Cheniere Energy stock and JAB Holdings bought nearly $200 million of Keurig Dr. Pepper stock. Berkshire Hathaway bought $45 million worth of share of Delta Air Lines this month.
cnbc.comMichael Dell tells spring break video coronavirus skeptics not to apply to work at his companies
Dell founder and CEO Michael Dell said on Twitter that people who don't take the coronavirus pandemic seriously shouldn't apply to work for any of his companies. Dell was responding to a video on Twitter from CBS News, which showed a slew of spring breakers who brushed off concerns of COVID-19 and traveled to Florida despite health officials urging people to stay home. "Anyone in this video, please don't apply to work @DellTech @VMware," Dell tweeted Thursday. "And also please don't apply to @Secureworks @DellFdn @boomi or MSD Capital." Government officials have been urging people to socially distance themselves and stay home to try to slow the coronavirus' rapid spread across the United States.
cnbc.comGoldman Sachs, the 150-year-old investment bank, is staking its future on a mobile app
Unlike the intense attention on its last retail product, the Apple Card, the launch of the bank's Marcus app was heralded by little more than a smattering of user reviews. When Goldman Sachs released a long-awaited app for customers of its Marcus consumer bank last week, it did so with little fanfare or hype. The development team was led by Dell and former employees of Clarity Money, the personal finance start-up that Goldman acquired. Still, the simplicity and appeal of Clarity Money is evident in the new Marcus app. "There are two kinds of incumbent banks," Dell told the audience at a financial conference in June.
cnbc.comBillionaire Michael Dell, who started in a dorm room, says capitalism is the 'best thing going'
Personal computer pioneer Michael Dell on Tuesday defended free market capitalism as the most effective system to drive entrepreneurship and jobs. "If you look at the number of jobs that have been created by the free enterprise system, this is the best thing going," the Dell Technologies founder said in a "Squawk Box" interview. Dell, who started his eponymous company in his college dorm room more than three decades ago, now employs about 157,000 people. The company originally went public in 1988 under the name Dell Computer at $8.50 per share and a stock market value of $85 million. "We need more entrepreneurship and we need more business creation," said Dell, whose net-worth is estimated at nearly $33 billion.
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