Sissi Cao
New York Observer
New York, NY, United States
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Finance | Channels
News and insights into personal finance, saving, investing and financial services. → Read More
NYSE President Lynn Martin Discusses the IPO Market’s ‘Cautious’ Reopening
"The NYSE is more than just a listing venue. We represent the U.S. capital market. If IPOs go well, it shows how the U.S. is the place to raise capital," said NYSE president Lynn Martin. → Read More
SpaceX’s Starlink Revenue Is Nearly 90% Below What Elon Musk Projected
A 2015 SpaceX investor pitch estimated its satellite division to generate $12 billion in sales in 2022. When the time came, it was way short. → Read More
Biographer Walter Isaacson Dissects Why Elon Musk Is So Difficult
"A biographer has to show the light and the dark strands, and you've got to be critical of the dark strands, you've got to be admiring the light strands. But then the toughest thing is to show how they intertwine." → Read More
Richard Branson Launches A.I. Campaign to Help People With Dyslexia
Richard Branson, who dropped out of school at 15, said dyslexia might have made his career. → Read More
The Four Key Players Who Actually Run Amazon
Amazon had a major C-suite shakeup in 2021 following the retirement of founder Jeff Bezos. Within two years, all of its major business units had a new leader. → Read More
SpaceX May Not Launch the Second Starship Rocket as Fast as Elon Musk Hopes
The U.S. Fish and Wildlife Service (FWS) has disclosed new findings about the environmental impact of last week’s Starship launch mishap. → Read More
Solight Design CEO Alice Chun Brings Solar Lights to War-Torn Ukraine
In Ukraine, Solight Design CEO Alice Chun was on a solo mission to deliver solar lights to children—with the help of Bog Iger and Hillary Clinton. → Read More
Where Do Google and Microsoft Stand in A.I. Race? CEOs Dish Out On Earnings Calls
Google CEO Sundar Pichai and Microsoft’s Satya Nadella discuss how their generative A.I. efforts are going so far. → Read More
How Much Did Big Tech CEOs Earn in 2022?
Big Tech CEO compensation in 2022 ranged wildly from just over $1 million to upwards of $200 million. → Read More
Google’s Sergey Brin Dumped $366M Tesla Stock to Start an Unusual Nonprofit
Brin’s new nonprofit is a 501(c)(4) organization, a tax-exempt structure increasingly popular among the superrich. → Read More
Google CEO Sundar Pichai Earned $226M Despite Tumbling Profits
Pichai’s 2022 comp increased Google’s CEO pay ratio to 808:1 from just 27:1 in 2021. → Read More
Cathie Wood Believes Tesla Stock Will Reach $2,000 in Four Years
Ark Invest expects Tesla’s EV business will account for just 62 percent of revenue by 2027 versus 90 percent today. → Read More
Starship’s Maiden Orbital Test Lasted 4 Minutes Before the Rocket Exploded
SpaceX’s Starship finally lifted off from the launch pad on April 20 and flew for about four minutes. → Read More
Tesla Says Its Aggressive Price Cuts Will Pay Off In the Long Run
Tesla said its multiple rounds of price cuts this year reflect a long-term pricing strategy that takes into account many service packages it sells to its car owners. → Read More
How Starship’s Orbital Flight Could Go Wrong, According to Elon Musk and Experts
Elon Musk said he would consider Starship’s first orbital test a success as long as it doesn’t blow up the launch pad. → Read More
New Battery Rules Leave Only 18 Electric Cars Eligible For Federal Tax Credits
Under the new rules, automakers need to prove at least half of a vehicle's battery components are produced in North America and 40 percent of battery raw materials are sourced from the U.S. or a country with which the U.S. has a free trade agreement. → Read More
Amazon CEO Andy Jassy Can’t Stop Talking About Generative A.I.
Amazon has been working on its own large language models and building a platform for top A.I. startups, said CEO Andy Jassy. → Read More
SoftBank CEO Masayoshi Son Is Giving Up On Jack Ma’s Alibaba
SoftBank has reduced its ownership in Alibaba from 25 percent to less than 4 percent in just a year. In 2023 alone, it has sold $7.2 billion worth of Alibaba shares. → Read More
Amazon CEO Andy Jassy’s Pay Dropped 99 Percent in 2022
Amazon CEO Andy Jassy’s total compensation dropped to $1.30 million in 2022 as he received no stock award. → Read More