Peter Specht, general partner at venture capital firm Creandum.CreandumAs pitches from founders come flooding in, one investor has revealed how VCs use a historic “law” to identify the best investments.”The power law in venture capital basically means that a small number of investments generate the vast majority of returns. So essentially, one or two massive winners outweigh all other investments combined,” Peter Specht, general partner at European VC firm Creandum, told CNBC Make It in an interview.He described it as “significant in decision-making for VCs.”The power law originates from the work of late-19th-century Italian economist Vilfredo Pareto. He noticed that…
Author: usaeverydaylife
At least 18 people have died in South Korea as landslides and floods triggered by torrential rains buried homes and swept away people, cars and livestock, the government said on Monday.The death toll was expected to rise as rescuers removed debris and searched rain-swollen streams for nine people who were still missing, according to the country’s disaster management office.Up to 31 inches of torrential rain have poured onto South Korea’s southern and western provinces since last Wednesday.The hardest hit was Sancheong, a county near the central south coast, where 10 people were reported dead and four others were missing. Nearly…
European small-cap stocks have outperformed this year and are poised to continue their winning streak, according to a senior Goldman Sachs strategist. Speaking to CNBC’s “Squawk Box Europe” on Thursday, Sharon Bell said a weak dollar and expectations of an improving regional economy were giving “a little bit of a kicker to small caps.” “So small caps in Europe have outperformed this year, which is very different from the U.S. … [where] it’s the mega caps that have done very well,” she said. “Small caps tend to be more domestic — they tend to be euro earners in Europe, and…
New Ram vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot in Miami, Florida.Joe Raedle | Getty ImagesAuto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its preliminary figures.Stellantis, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, estimated first-half net revenue of 74.3 billion euros, down from 85 billion euros from the same period last year.The preliminary figures come in the absence of financial guidance, which the company suspended on April…
Rare earth magnets at a Hitachi laboratory in Japan.Kiyoshi Ota/Bloomberg via Getty ImagesChina’s exports of rare-earth magnets to the United States in June surged more than seven times from the prior month, as American firms clamor to get hold of the critical elements following a preliminary Sino-U.S. trade deal.In April, Beijing placed restrictions on several critical magnets, used in advanced tech such as electric vehicles, wind turbines and MRI machines, requiring firms to receive licenses for export. The move was seen as retaliation against U.S. President Donald Trump’s steep tariffs on China. Beijing has a stranglehold on the production of rare-earth…
A European Union (EU) flies alongside a British Union flag, also known as a Union Jack in London.Jason Alden | Bloomberg Creative Photos | Getty ImagesIn 2016, the U.K.’s vote to leave the EU prompted many businesses to shift operations to the European continent, taking investment and headcount with them.Fast forward to 2025, and the specter of U.S. President Donald Trump’s 30% trade tariffs on the EU, which will kick in on Aug.1 unless a trade deal is reached, could bring them back.”The U.K. could be a big indirect winner” if the threatened U.S. duties on the EU become a reality, according to Alex…
An Alaska Airlines jet taxis at San Francisco International Airport on June 4, 2025 in San Francisco, California. Justin Sullivan | Getty ImagesU.S. carrier Alaska Airlines grounded all of its flights after experiencing an IT outage on Sunday that impacted its systems, the company said, without specifying the nature of the outage.”At approximately 8 p.m. Pacific on Sunday (0300 GMT on Monday), Alaska Airlines experienced an IT outage that’s impacting our operations. We requested a temporary, system-wide ground stop for Alaska and Horizon Air flights,” Alaska said in an emailed statement to Reuters on Sunday evening.The Seattle-based airline said there would be residual impacts to its operations throughout the…
A staff member counts Singapore dollar currency notes at Raffles Place financial business district in Singapore on October 6, 2022. Roslan Rahman | Afp | Getty ImagesIn times of uncertainty, investors turn to safe-haven assets — gold, Treasuries as well as currencies such as the Japanese yen, U.S. dollar and the Swiss franc. These assets are expected to retain or increase their value during periods of market turbulence.While the greenback remains the world’s reserve currency of choice, it has been weakening. The dollar index has fallen over 9% year to date. The outlook for the Japanese yen has been clouded…
Join CNBC for live updates on European markets. Source link
A store in a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty ImagesFierce price wars in China are hitting industries from cars to food deliveries to solar panels, squeezing profits and worsening the country’s deflationary slide. Though consumers may be lured by ultra-cheap deals, the trade-offs for them are more complicated than they might seem.Since the pandemic and amid the ongoing housing slump, Chinese consumers have grown more price-sensitive, focusing on value and cutting non-essential spending. To stay competitive, carmakers have rolled out steep discounts and slashed prices — helped by government subsidies —…
