Author: openjargon

  • Russian submarines fought a torpedo duel in waters surrounded by NATO allies

    A black submarine sits in the water next to a dock. Sailors walk up a ramp to get into the submarine.
    Russian crew members get on board of the newly built "Novorossiysk" B-261 multipurpose diesel-electric submarine in Saint Petersburg.

    • Two Russian submarines engaged in a torpedo duel during a Baltic Sea training exercise last week.
    • The crews of the Novorossiysk and Dmitrov also trained to track enemies and evade enemy attacks.
    • The Baltic Sea has been described as a "NATO lake" since Sweden and Finland joined the alliance.

    Two Russian submarines recently fought a torpedo duel, conducting training that involved detecting enemies, evading attacks, and working combat maneuvers.

    The exercises took place in the Baltic Sea, waters sometimes referred to as a "NATO lake" due to its waters being surrounded by NATO allies since Sweden and Finland ascended into the alliance.

    The Kilo-class, diesel-electric submarines Novorossiysk and Dmitrov held a training duel involving torpedo fire, according to Russian state-run media TASS. The media outlet reported the training exercise on June 25, citing the Russian navy.

    In the Baltic Sea following the completion of anti-submarine warfare maneuvers, the submarine Novorossiysk engaged the Dmitrov with a training torpedo without a warhead, the navy said, per TASS.

    The submarine crews also conducted several other exercises focused on detecting and tracking adversary submarines, evasion, and combat training.

    The subs Novorossiysk and Dmitrov are representative of two of several variants of Russian Kilo-class submarines. The Novorossiysk, for instance, is a project 636.3 sub and can launch Kalibr cruise missiles. 636.3s are the most current Kilo-class subs being built. The Dmitrov, on the other hand, is a project 877 sub, one of the original variants built.

    Both subs are known for being relatively quiet, but the Novorossiysk and other project 636.3 subs are considered to be highly advanced and stealthy vessels. After wrapping up the torpedo training, the two Russian submarines went on to conduct other combat exercises in the Baltic Sea, Russian media said.

    Various NATO warships sail in columns in the blue water of the Baltic Sea.
    Ships from NATO navies sail in formation in the Baltic Sea during the exercise Baltic Operations 2023.

    The Baltic Sea area has seen geopolitical shifts since Russia invaded Ukraine two years ago and neighboring Finland and Sweden joined NATO.

    It has sometimes been referred to as a "NATO lake" considering that eight of the nine countries bordering it are now members of the alliance. Russia is the only exception. That's a stark difference from 1990, when only two Baltic Sea countries, Denmark and Germany, were NATO members.

    The "NATO lake" term has been debated and criticized as presumptuous, with some experts calling it a "fatal" mistake as the Baltic Sea can be traversed by any seafaring nation and remains an important strategic front for Russia.

    The Baltic Sea has become increasingly important for NATO's military presence, but Russia also sees the body of water as vital to its commercial shipping, oil exports, and trade from ports like St. Petersburg and Primorsk.

    The region is also home to increasing Russian anti-access/area denial capabilities, particularly in the Kaliningrad area. These capabilities include cruise missiles, surface-to-air missiles, and nuclear weapons, making the sea strategically important for both Moscow and NATO.

    Read the original article on Business Insider
  • Biden wanted the debate to give his campaign a boost. But after his poor performance, new polling shows Trump ahead.

    Joe Biden and Donald Trump
    President Joe Biden and former President Donald Trump remain locked in a competitive contest.

    • President Biden wanted to use the debate to change the dynamics of the 2024 race.
    • But his poor performance sent Democrats reeling and has opened him up to intraparty criticism.
    • In the latest USA Today/Suffolk University poll, Trump boasted a 41%-38% advantage over Biden.

    Weeks before the June presidential debate, the Biden campaign had sought to shake up the dynamics of the race, agreeing for the president to take the stage with former President Donald Trump.

    Biden's team wanted the debate to crystallize what they've long argued: that the president was well-equipped to serve in a second term and would be the more effective leader on the world stage.

    But the president's visible debate stumbles set his campaign back enormously in the eyes of top donors and even among some Democratic lawmakers, which in turn has so far deprived him a potential polling bounce that could have broken the deadlocked race.

    Instead, two major national surveys released after the election showed Biden lagging behind Trump.

    In a new USA Today/Suffolk University poll, Trump boasted a 41% to 38% lead over Biden among registered voters, still within the margin of error of ±3.1 percentage points.

    However, a USA Today/Suffolk poll released in May showed both candidates tied, 37% to 37%.

    In the latest survey, Independent candidate Robert F. Kennedy Jr. received the support of 8% of registered voters.

    While the race remains close overall, Biden is still far behind Trump when it comes to enthusiasm, per the new USA Today/Suffolk survey.

    Among Biden voters, 29% of respondents said they were "very excited" to vote for him, while 31% said they were "somewhat excited" to back him. A quarter (25%) of Biden voters said they were "not very excited" to support him.

    When it came to Trump voters, 59% of respondents said they were "very excited" to support him, while an additional 23% said they were "somewhat excited" to back his candidacy. Only 11% of Trump voters said they were "not very excited" about his 2024 campaign.

    The latest CNN poll, conducted across three days after the debate, showed Trump with a 49% to 43% lead over Biden.

    Despite Democratic frustration over Biden's performance, the results reflected no change from CNN's April survey.

    But there were some key nuggets in the latest CNN poll:

    • Vice President Kamala Harris runs more competitively with Trump than Biden in a potential matchup should the president exit the race. Trump has a narrow two-point lead (47% to 45%) over Harris among registered voters in such a scenario.
    • In a potential Harris-Trump matchup, the vice president wins 50% of female voters, compared to Biden's current 43% share against the former president.
    • California Gov. Gavin Newsom, Michigan Gov. Gretchen Whitmer, and US Transportation Secretary Pete Buttigieg — who have all been floated as potential Biden replacements — all trail Trump by single-digit margins in hypothetical matchups.
    Read the original article on Business Insider
  • Category 5 hurricane leaves Caribbean islands bare, flooded, and damaged

    Hurricane Beryl is tearing through the Caribbean after making history as the earliest Category 5 hurricane ever recorded in the Atlantic hurricane season.

    Read the original article on Business Insider
  • ‘House of the Dragon’ star Ewan Mitchell isn’t sure if Aemond has ‘mommy issues’

    aemond targaryen, shirtless, leaning softly against a woman as she cradles him. his hair is down and his eyepatch removed, and there's a placid expression on his face
    Aemond Targaryen (Ewan Mitchell) cuddles several times with a prostitute in "House of the Dragon."

    • Does Aemond Targaryen have mommy issues? Maybe. 
    • Ewan Mitchell says that Aemond found a "surrogate" in his very old, powerful dragon Vhagar.
    • Vhagar's power influences the way that Aemond acts, Mitchell said. 

    Warning: Minor spoilers ahead for "House of the Dragon" season two, episode three.

    "House of the Dragon" star Ewan Mitchell thinks that Aemond Targaryen probably just needs a little more affection from his mother.

    Aemond is the second son of Alicent Hightower and Viserys Targaryen, and the younger brother of ruling King Aegon II. Unlike his brother, who quite literally ran away from the throne and has spent much of his time as king threatening to fly out on the battlefield himself, Aemond is cool and calculating.

    In episodes two and three of "House of the Dragon" season two, Aemond seeks solace from a woman — the first he ever had sex with — in a brothel, chastely curling up with her and spilling out his worries. Though Aemond is fully naked, it's a raw, non-sexual kind of intimacy — one that suggests a kind of maternal love he's not getting elsewhere.

    Those scenes have made people online question whether Aemond has "mommy issues." And there's certainly no lost love between Alicent and Aemond: In the season two premiere, he says that his mother still blames him for starting the war by killing Lucerys, the son of his half-sister Rhaenyra.

    Business Insider spoke with Mitchell at the season two New York City premiere about Aemond's relationship with Alicent — and his dragon, Vhagar.

    "I don't know so much if he had mommy issues, or rather, he just wanted to be loved by his mom a little bit more," Mitchell told BI.

    "He felt despair, so he found a surrogate in Vhagar, so to speak an older lady, and kind of filled that void," he continued. "But is a dragon enough, or is there something else that could maybe help him? He needs help, he's a broken boy."

    Despite his own emotional turmoil, Aemond is still one of the most powerful war assets on the show. That's mostly because Vhaghar is very old, very big, and very powerful. Aemond claimed her after Laena Velaryon's death, instantly turning himself from a trod-upon, dragonless child into an immense, credible threat.

    Vhagar and Aemond's "power couple" status — Mitchell's words — affords the Targaryen prince a bit of freedom, according to the actor.

    "Aemond, he doesn't need to be evil. If he's hostile in a scene, it's not because he needs to be," Mitchell said. "It's because he wants to be, because he has that large dragon whose shadow looms so large. It changes the dynamic of the character, and the choices that you make as a performer."

    "House of the Dragon" season two airs Sundays at 9 p.m. ET on HBO and is streaming on Max.

    Read the original article on Business Insider
  • A simple test to see if someone is using dark psychology tricks on you during a date

    A woman looking at a man skeptically on a date
    • It can sometimes be hard to tell if someone is using a dark psychology trick on you.
    • Not all behaviors that look like love bombing or gaslighting necessarily are.
    • A therapist shared an easier way to spot manipulation without vigilantly looking for red flags.

    Whether you've dated a narcissist before or just heard other people's horror stories, it's natural to be on the lookout for manipulation.

    But figuring out whether a date uses dark psychology tricks is more nuanced than scanning their potential red flags.

    "Some of these so-called dark psychology tactics are, unfortunately, things that we all might unconsciously or unintentionally do in the course of being in a relationship," Annie Wright, a relational trauma therapist in Berkeley, California, told Business Insider.

    Instead of trying to suss out if your charming date is a dark empath, Wright said there is a healthier — and much simpler — way to tell if a romantic partner is shady.

    Red flags might be pink

    Judging someone's faults at face value might seem like a foolproof plan to avoid getting hurt, but Wright said it could close you off too much, as we all have imperfections and baggage.

    "Many of us are bringing poor relational patterns, our own attachment wounds into our dating relationships," she said. For example, insecure attachment styles can lead to negative behaviors such as clinginess or commitment issues.

    "We may take actions which look harmful, that have the impact of harm, but don't necessarily have the intent to harm," Wright said. While it doesn't excuse abuse, she said nuance is important to understand if a person's love bombing is actually driven by anxiety and not a need for control.

    Similarly, she said what can look like gaslighting can sometimes be a genuinely different recollection of the same event or conversation. That's why it's good to take therapy speak terms with a grain of salt and look deeper into your relationship dynamic.

    Watch their reaction

    Instead of maintaining a "rigid high bar" of a partner never making mistakes, Wright said the healthier approach is watching how the person reacts when you bring up an issue.

    If you feel like they're laying on the affection too thick and worry it's love bombing, you might say, "I've noticed that you always insist on paying for every date, and it's making me feel a bit uncomfortable."

    Then, observe what they do next. "A healthy, good-enough, and relational partner will acknowledge your feelings, acknowledge the impact they had on you — even if it wasn't the intent — and hopefully be willing to adjust their behavior," Wright said.

    She also noted the importance of consistency in an emotionally mature partner. "Respect for boundaries, willingness to repair after rupture, and willingness to respond relationally and considerately should be ongoing, not just a one-time adjustment," she said.

    Connect with your body

    Another great tell is your intuition and how your body reacts around a person. But Wright said trusting your gut isn't always so simple.

    Because her clients are often the children of emotionally immature parents, they might struggle to spot manipulation because they were raised to accept unhealthy behaviors as normal. As a result, they might choose partners who are noncommittal or reactive.

    Wright said there are two ways to get better at listening to your body. The first is to actively learn what a healthy relationship looks like, even if it seems contrary to what feels natural. You can do this by investing in more fulfilling friendships that make you feel safe.

    The other is to engage in somatic exercises and mindfulness so that you feel more connected to your body physically.

    When all else fails, our gut, our intuition, our spidey sense — whatever you want to call it — will let us know when something does not feel right," she said.

    Read the original article on Business Insider
  • Legendary iPhone designer Jony Ive opens up about what it was like working with Steve Jobs

    steve jobs jony ives 4x3
    Jony Ive and Steve Jobs worked closely together to usher in a new era for Apple.

    • Former Apple design chief Jony Ive reminisced about his time with creative partner Steve Jobs.
    • Ive said the pair instantly clicked when they met in 1997.
    • They remained close until Jobs' death in 2011.

    Former Apple design chief Jony Ive spent decades at the tech titan, but he said his best years were with late cofounder Steve Jobs.

    Ive was interviewed on the "Life in Seven Songs" podcast and spoke about how his upbringing shaped his creative mind leading up to his Apple tenure, where he was responsible for the look and feel of iPhones, iPads, AirPods, and Macbooks.

    Although Ive started at Apple in 1992 during the time when Jobs had stepped away from the company, he said that the creative spark was instant when the pair finally met five years later.

    "The time before Steve came back, I learned so much, but at that time of learning, it wasn't clear I was learning. All it was was painful," Ive said in the podcast interview, which was released Tuesday.

    But, those "very difficult years" were necessary for him to become the renowned designer he is today, according to Ive.

    "It's a feeling I think that we both had, which was just this remarkable click," he said.

    Steve Jobs
    Jony Ive was Apple's head of design during Jobs' second tenure at the company and led the development of the iPhone under the CEO.

    Ive described his time working with Jobs at Apple from 1997 to 2011 as "the most joyful and extraordinary 15 years of my life." Unlike his first few years without Jobs, he said that learning at Apple became clearer and more focused on "what we were creating" with Jobs at the helm.

    "Here was somebody who could almost without thought — and made it appear effortless — to describe really complex feelings and perceptions of ideas and opportunities," Ive said about Jobs.

    Jobs stepped down as CEO in 2011 and later died the same year, which Ive described as a "pretty comprehensive loss." Ive stayed on at Apple until 2019 when he left to pursue his own design firm.

    "I felt I lost somebody who epitomized, embodied a way of thinking about creating, a way of thinking about the importance of culture and people and society," Ive said.

    Still, Ive said he values the time they had together.

    "There's not a day that I'm not aware of him or aware of the loss," he said. "There's not a day where I'm not grateful for the time, you know, that we got together and for what I learned and what we discovered."

    Read the original article on Business Insider
  • Amazon really wants you to join the family this Prime Day

    Amazon worker moves boxes on Amazon Prime Day on July 11, 2023 in the East Village of New York City.
    Amazon has more ways than ever to lure you to sign up for Prime and other services this year.

    • Amazon Prime Day is scheduled for July 16 and 17, offering a variety of discounts for Prime members.
    • It's also about bringing shoppers deeper into its ecosystem — and not just for Prime memberships.
    • Amazon's offers include free months of its music, grocery subscription, and Kindle Unlimited.

    Amazon Prime Day is approaching, and as usual, the online retailer is offering a slew of specials for customers during the two-day shopping extravaganza.

    But Amazon doesn't just want you to buy discounted electronics or fashionable sneakers. It also wants you to sign up (and pay for) Amazon Prime at $14.99 a month — and possibly a whole host of other Amazon subscriptions.

    Already, 75% of US consumers are Prime members, according to data from Consumer Intelligence Research Partners. Amazon is still gunning to get the remaining quarter on board.

    Prime Day is "an opportunity to allow non-Prime members to peer over the shoulder of their friends and family, see those deals, and wonder if they should sign up," said Jeremy Bartlow, a partner and consumer expert at PA Consulting.

    "They use it as a massive volume booster, but also to start getting more and more scale each year with people who haven't jumped on the Prime bandwagon yet," Bartlow said.

    But that's just the gateway drug.

    Amazon's deals announced in the lead-up to Prime Day include access for members to three free months of delivery from the company's grocery operations, including Whole Foods and Amazon Fresh, for orders over $35 (the cost a month after the freebies run out is $9.99).

    Music fans can also get five months free of Amazon Music Unlimited (another $9.99 a month), three months of Kindle Unlimited ($11.99 a month, plus you need a Kindle e-reader, which retails for a minimum of $99.99), or three free months of Audible Premium Plus (plans start at $7.95 a month).

    Amazon is also offering steep discounts to Prime members on its own electronic devices. One version of its Ring video doorbell is on sale for $50, down from $100, while a 40-inch Fire TV is $170 — roughly one-third off its regular price.

    The strategy is all about getting customers to try new products in the Amazon world — and hopefully sticking with them by paying additional subscriptions on top of their Prime membership, Bartlow said.

    For example, "they sell their tablets so cheaply" to get people into Amazon's ecosystem. Plus, "many of them will have ads and a whole user interface that's optimized to push their digital content, which is very different than buying a tablet from another brand," he said. (The Amazon Fire HD 10 tablet is 46% off this Prime Day, down from $139.99 to $74.99.)

    Meantime, Amazon's Alexa-enabled devices and speakers might lead users to subscribe to Music Unlimited.

    For Amazon, those kinds of purchases are where the real money is.

    "We sell a lot of devices during our Prime Day events," CFO Brian Olsavsky said on an earnings call after Prime Day 2022. "We don't make money on the device. We make money on the use of the device."

    Developing a complete offering of devices and services has been the goal of several Big Tech companies for years.

    Apple has created an ecosystem primarily thanks to its iPhone, for example, though parts of its strategy prompted an antitrust lawsuit from the US Department of Justice earlier this year. Apple has pushed back against the accusations.

    Google and Microsoft are also vying for you to join their networks. All are adding AI features in an attempt to make experiences like shopping online easier.

    Other retailers have taken note of Amazon's strategy and joined in with their versions of Prime Day, though they haven't developed their own range of devices.

    Walmart, for example, has spent the last few years trying to sign up shoppers for Walmart+, its own paid membership.

    And in March, Target launched Target Circle 360, an annual membership that costs $99 and gives customers unlimited same-day deliveries.

    For those with a Prime subscription, Prime Day represents "the new Black Friday," Bartlow said. Just make sure to cancel your free trials if you don't enjoy them.

    Do you work for Amazon's retail business and have a story idea to share? Reach out to this reporter at abitter@businessinsider.com

    Read the original article on Business Insider
  • Shares vs. property: Which delivered the best growth in FY24?

    Two people comparing and analysing material.

    When we compare the capital growth of ASX 200 shares vs. property in FY24, bricks and mortar comes out on top… but only just.

    The S&P/ASX 200 Index (ASX: XJO) rose from a closing value of 7,203.3 points on the last trading day of FY23 to a closing value of 7,767.5 points on the last trading day of FY24, delivering a 7.83% gain.

    Meantime, the national median home value, which reflects all types of property in a single data point, rose by 8% over the 12 months, according to CoreLogic data.

    In dollar terms, that’s equivalent to a $59,000 increase per home across Australia over the financial year.

    The national median house price rose by 8.4%, and the median apartment price lifted by 6.5% over FY24.

    If we drill down to look at the capital gains across all eight of the capital cities and their regional counterparts, we see significant disparities.

    The most glaring is the outstanding strength of Perth, Brisbane, and Adelaide and the regional markets of those states, compared to the weak performance of Melbourne, Hobart, and their regional counterparts.

    A key factor in their performance variance is that the strongest markets have tight supply and demand, while the weakest markets have the opposite situation.

    We’ll also take a look at the top 10 performing ASX 200 shares for the financial year. As usual, not even the strongest property markets grew by as much as those top-performing stocks!

    Why are home values rising when interest rates are high?

    It’s unusual to see home values rising when interest rates are doing the same.

    It’s even more surprising given the 13 rate rises imposed by the Reserve Bank between May 2022 and November 2023 represented the fastest and largest rate hiking cycle in Australia’s history.

    However, the housing shortage has become so acute in this country that its impact is actually trumping interest rates in the marketplace.

    Demand is so strong, and the number of homes for sale is so low in those strongest markets that prices are continuing to rise despite high interest rates making affordability worse.

    How shares vs. property performed in FY24

    Here we compare the capital growth rate for houses in each city and regional property market in FY24.

    Property market Capital growth of houses in FY24
    Perth 23.7%
    Regional Western Australia 16.9%
    Brisbane 15.2%
    Adelaide 15.1%
    Regional Queensland 12.3%
    Regional South Australia 11.4%
    National 8.4%
    Sydney 6.8%
    Regional New South Wales 4%
    Canberra 3.2%
    Darwin 3.1%
    Melbourne 1.2%
    Regional Tasmania 0.2%
    Hobart (0.3%)
    Regional Victoria (0.4%)
    Regional Northern Territory (2.9%)
    Source: CoreLogic

    Best performing ASX 200 shares of FY24

    Here we compare the capital growth of the top 10 ASX 200 shares in FY24.

    ASX 200 shares Capital growth in FY24
    Pro Medicus Limited (ASX: PME) 118.3%
    Life360 Inc (ASX: 360) 115.4%
    Red 5 Limited (ASX: RED) 89.5%
    West African Resources Ltd (ASX: WAF) 86.1%
    Altium Ltd (ASX: ALU) 84.3%
    Hub24 Ltd (ASX: HUB) 82.9%
    Deep Yellow Limited (ASX: DYL) 77.5%
    SiteMinder Ltd (ASX: SDR) 74.3%
    Neuren Pharmaceuticals Ltd (ASX: NEU) 73.6%
    Goodman Group (ASX: GMG) 73.1%
    Source: S&P Global Market Intelligence

    The post Shares vs. property: Which delivered the best growth in FY24? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Life360 right now?

    Before you buy Life360 shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Life360 wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Bronwyn Allen has positions in Goodman Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium, Goodman Group, Hub24, Life360, Pro Medicus, and SiteMinder. The Motley Fool Australia has positions in and has recommended SiteMinder. The Motley Fool Australia has recommended Goodman Group, Hub24, and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • The rise of Marc Benioff, the CEO of Salesforce and owner of Time Magazine

    marc benioff segway salesforce 2003
    Salesforce CEO Marc Benioff rides a Segway around one of Salesforce's earliest office spaces.

    • Marc Benioff is the chief executive of cloud-based software company Salesforce.
    • Benioff worked at Oracle for 13 years before leaving the company to work on Salesforce full time.
    • Benioff has a net worth of about $10 billion, Bloomberg estimates.

    Marc Benioff has seen his company, Salesforce, through many ups and downs throughout its 25 years.

    The cloud software giant's market cap has swelled to over $250 billion in 2024 and even briefly crossed the $300 billion mark. But it hasn't been immune to the struggles facing the tech industry in recent years. Salesforce announced in January that it would be cutting 700 more jobs after slashing thousands in 2023.

    On July 2, Salesforce shareholders voted against a proposed compensation plan that would keep Benioff's base pay the same but bump his total to $39.6 million, up from $29.9 million in 2023.

    Benioff has outlasted multiple co-CEOs at Salesforce — including one who reportedly tried to go for the top job. He and his wife Lynne are known for donating millions to charity.

    Here's how Benioff, whose estimated net worth now stands around $10 billion, worked his way onto the national stage.

    Marc Russell Benioff, 59, was born in San Francisco on September 25th, 1964, the son of Joelle and Russell Benioff.
    San Francisco
    An image of San Francisco.

    Benioff is something of an anomaly among Silicon Valley CEOs — he was actually born and raised in the San Francisco Bay Area. He graduated from Burlingame High School in 1982, Bloomberg reported.

    His father, Russell Benioff, owned a local department store in San Francisco. "I learned my work ethic from him," Benioff once said, according to SFGate.

    Early on, Benioff was interested in tech and being an entrepreneur.
    Salesforce CEO Marc Benioff.
    Benioff held numerous jobs and side hustles.

    Benioff got his first job at a jewelry store to save for his first computer. He was eventually fired for cleaning the floors with the wrong soap. While in high school, Benioff sold his software — "How To Juggle" for the TRS-80 Model 1 computer — to a computer magazine for $75.

    At age 15, Benioff founded Liberty Software, a one-man company making games for the Atari 800 computer. Titles included "King Arthur's Heir," "The Nightmare," "Escape from Vulcan's Isle," and "Crypt of the Undead," Entrepreneur reported.

    By age 16, Benioff was pulling in $1,500 a month — enough that he was able to pay for his own tuition at the University of Southern California.

    While at USC, Benioff took a summer internship with Apple.
    Steve Jobs
    Apple cofounder Steve Jobs at the debut of the original Apple Macintosh.

    He worked as a programmer in the Macintosh division under cofounder Steve Jobs. "That summer, I discovered it was possible for an entrepreneur to encourage revolutionary ideas," Benioff would later write in his book "Behind the Cloud: The Untold Story of How Salesforce.com Went from Idea to Billion-dollar Company — and Revolutionized an Industry."

    Jobs became one of Benioff's mentors. "There would be no Salesforce.com without Steve Jobs," Benioff said in 2013, according to Entrepreneur.

    Benioff graduated with a B.S. in Business Administration in 1986.
    marc benioff
    Benioff delivering the keynote address during commencement at the University of California, Berkeley in 2015.

    USC named him an honorary Doctor of Humane Letters in 2014. He now sits on the University's Board of Trustees.

    Benioff planned to stay in programming for the rest of his career, but a USC professor suggested he might have a mind for business. So he took a customer support role at high-flying database company Oracle right out of college, according to his "Behind the Cloud" book.

    Benioff rapidly rose up the ranks at Oracle after starting in 1986.
    Oracle
    Benioff had a meteoric rise at Oracle.

    At age 23, Benioff was named Oracle's "Rookie of the Year."

    By age 26, he was named a vice president — the youngest person to attain the role in the company's history, according to his bio on Salesforce.

    While at Oracle, Benioff caught the attention of its founder Larry Ellison. The two became very close, with Ellison mentoring the younger Benioff.
    Benioff Salesforce Ellison Oracle
    Benioff (left) and Larry Ellison (right).

    "They sailed to the Mediterranean on Ellison's yacht, visited Japan during cherry blossom season, spent Thanksgiving together, and even double-dated," according to Fortune.

     

    After 13 years with Oracle, Benioff started itching for something new.
    Salesforce Marc Benioff
    Benioff worked at Oracle from 1986 to 1999.

    With Ellison's permission, Benioff took a sabbatical to travel the world. He spent part of that time studying meditation in Hawaii.

    Benioff came up with the idea for Salesforce while swimming with dolphins. He soon started working on the company with a few other Oracle veterans, Entrepreneur reported.

    Salesforce was a revolutionary idea in 1999.
    Marc Benioff
    Salesforce took the tech industry by storm when it launched.

    The big idea behind Salesforce was that while most companies — including Oracle — sold enterprise software that companies had to install on their own servers, Salesforce could let people access business software from a web browser. For the late nineties, this was revolutionary, Benioff wrote in "Behind the Cloud."

    At first, Ellison was supportive of Benioff.
    larry ellison
    Ellison and Benioff's relationship has fluctuated over the years.

    Ellison even gave Salesforce $2 million in funding from his own pocket to get it started and sat on its board of directors.

    But things turned sour between Ellison and Benioff.
    AP_01072502966
    Benioff with an early Salesforce ad.

    Benioff found out that Oracle was working on a direct competitor to Salesforce, the Mercury News reported in 2000. Benioff tried to force his mentor to quit the company's board. Instead, Ellison forced Benioff to fire him — meaning Ellison kept his shares in Salesforce. 

    It kicked off an epic rivalry, with the two taking shots at each other in the press. Note the Salesforce jet shooting down the Oracle biplane in this early Salesforce ad from 2001.

    The dot-com bust of the early 2000s was a difficult time for Salesforce, but the company rebounded.
    Marc Benioff
    Salesforce survived the dot-com bust when others didn't.

    "Suddenly everything around us was falling apart," Benioff's cofounder Parker Harris said, according to the Australian Financial Review. However, several clients remained, and Salesforce survived and kept growing, becoming one of the earliest and biggest companies in the modern cloud computing market.

     

    And in June 2004, Salesforce held its IPO, raising $110 million at $11 per share.
    marc benioff 2005 NYSE
    Benioff on the day of the Salesforce IPO.

    That year, the company had about 767 employees.

    Benioff personally donated $250 million to the University of California, San Francisco in 2010 to found UCSF Benioff Children's Hospitals.
    ucsf benioff childrens hospital
    Benioff and his wife Lynne have donated hundreds of millions over the years.

    In 2016, Benioff fought against proposed bills in Indiana and Georgia that would allow discrimination against gay people. He rallied other business leaders to the cause, with a positive result, according to Time.

    Benioff is also a big believer in corporate philanthropy.
    ed lee, mayor san francisco, sv100 2015
    San Francisco Mayor Ed Lee in 2011.

    Under his leadership, Salesforce invented the "1-1-1" model, where the company gives 1% of employee time as volunteer hours, 1% of its profits, and 1% of its resources to charitable causes.

    San Francisco Mayor Ed Lee declared March 7 "Global 1/1/1 Day" in honor of Salesforce's 15th birthday in 2014. Benioff keeps a copy of the proclamation in his office, Forbes reported.

    Benioff's philanthropic efforts focus on children's health, the environment, public education, and homelessness, according to his biography on Salesforce's website.

    In 2016, Benioff and his wife launched the Benioff Ocean Initiative at the University of California, Santa Barbara to study marine life.
    Marc and Lynne Benioff
    Benioff and his wife Lynne.

    Benioff also serves on the World Economic Forum's Board of Trustees. He credits former Secretary of State Colin Powell and the Hindu guru Mata Amritanandamayi — whom he met on a trip through India — with encouraging him to put Salesforce's resources to work helping others.

    And while he may not have the globetrotting playboy reputation that his mentor Ellison has, Benioff has lots of friends in the celebrity and political worlds.

    Benioff has earned a reputation as one of Silicon Valley's most boisterous CEOs. He rarely appears in public without his custom cloud sneakers.
    benioff salesforce cloud shoes
    Benioff's sneakers.

    Over the years, Benioff has spent some of his billions on "Star Wars" desk trinkets, according to Forbes, and an extensive tech-themed shoe collection

    The Benioffs have several homes and acres of Hawaiian land that they've donated.
    Cattle grazing in Hawaii field
    Waimea is home to many native Hawaiians and known for its ranching.

    Over the past few years, Benioff has bought up land in an agricultural and largely native Hawaiian town called Waimea. He lives in a beachside mansion nearby. Since 2000, Benioff has bought at least 38 parcels of land in Hawaii through various LLCs and a nonprofit, NPR reported in 2024.

    In 2023, Benioff and his wife gave 282 acres of land near Waimea to the Hawaii Island Community Development Corporation along with $7 million for affordable housing.

    "This is a place that everybody loves to be. It's a magical place. It's a place that people come and transform and change, evolve. They experience God. They experience nature. They experience themselves," Benioff said about Hawaii, according to NPR.

    Salesforce has swelled to a company worth more than $250 billion, and its annual Dreamforce conference has ballooned to take over much of San Francisco every autumn.
    Salesforce CEO Marc Benioff at Dreamforce 2013
    Salesforce's annual Dreamforce conference is a massive event.

    It's described as a global four-day event hosting official sessions and unofficial meetings between key players in the tech industry. Dreamforce also has a reputation for being big on social events, with acts like Metallica and Foo Fighters headlining its afterparties

    The company opened Salesforce Tower, its new headquarters — and the tallest building in San Francisco — in 2018.
    Salesforce Tower
    Salesforce Tower.

    Salesforce had gotten so big that in 2012, the company abandoned plans to move into a new San Francisco campus because it said it had already outgrown it. It had 9,800 employees globally that year.

    Marc Benioff is distantly related to David Benioff of "Game of Thrones" fame.
    David Benioff
    David Benioff is the co-creator of "Game of Thrones."

    The pair share a great-grandfather, but they never met until 2015 when "Game of Thrones" premiered. David is the co-creator of the hit HBO adaption of the fantasy book series written by George R. R. Martin.

     

    Over the last five years, Salesforce has appointed, and lost, two co-CEOs.
    Salesforce Keith Block
    Former Salesforce co-CEO Keith Block.

    Salesforce announced in 2020 that Benioff's co-CEO, Keith Block, stepped down after a year and a half. Block did not give a reason for the transition at the time but said he was excited for the future.

    In 2021, Bret Taylor — who had been with the company since 2016 — was appointed to the role. Taylor announced his resignation in 2022 after a reported showdown for the sole CEO position.

    In 2018, Benioff and his wife announced that they intended to purchase Time Magazine for $190 million.
    marc benioff
    Benioff implemented Salesforce strategies at Time.

    When the acquisition went through, insiders at the company expressed their excitement for the future. Time was reportedly able to go on a hiring spree after being purchased by the Benioffs.

     

    Salesforce acquired Slack in 2021.
    New Slack redesign
    The new Slack redesign with "Activity" notifications.

    The acquisition of the messaging platform cost about $27.7 billion. After just over a year as CEO, Lidiane Jones left Slack for the top job at dating app Bumble. In November 2023, Salesforce exec Denise Dresser was named the CEO of Slack.

    Salesforce wasn't immune to the job cuts that plagued the tech industry in 2023 and 2024.
    Salesforce offices.
    Salesforce laid off about 7,000 employees in 2023.

    Salesforce kicked off 2024 by cutting about 1% of its global workforce after laying off roughly 7,000 in 2023. Benioff blamed the cuts on over-hiring during the pandemic.

    He's neighbors with OpenAI CEO Sam Altman.
    OpenAI CEO Sam Altman; Salesforce CEO Marc Benioff
    Sam Altman (R) is the CEO and cofounder of OpenAI.

    Slack began integrating ChatGPT — the generative AI chatbot made by OpenAI — in 2023. 

    During a June earnings call, Benioff said that he and Sam Altman are neighbors who've had dinner at least once to discuss artificial intelligence.

    He and his wife donated $150 million to Hawaii hospitals in March 2024.
    Honolulu
    The couple have donated hundreds of millions to Hawaii hospitals.

    In a press release, the couple expressed their intentions to give back to the local community through experts who "deeply understand" local needs.

    "We feel fortunate to have been part of the Hawaii community for many decades and to be able to support our ohana in this way. Nothing is more important than the health of our community and access to care for all who need it."

    The Benioffs donated $50 million to Hilo Medical Center and $100 million to Hawaii Pacific Health in March, according to Spectrum News.

    Benioff's total compensation for fiscal 2024 was $39.6 million.
    Marc Benioff
    Benioff has expressed support for higher taxes on the wealthy.

    Still, he has previously said he should pay more taxes.

    "Well get an economy that works for everyone when 1) create educational system that works for everyone & 2) Affordable Higher education & 3) strengthen our local K-12 public schools 4) We must focus online reskilling that brings everyone along & 5) higher ind & Crp taxes to pay for it," Benioff tweeted in June 2019.

    Salesforce shareholders voted against a proposed compensation plan for Benioff and other executives, according to a regulatory filing on July 1.
    Salesforce CEO and cofounder Marc Benioff
    Unlike other top bosses, Benioff didn't get a pay raise in 2024.

    About 53% of shareholders in July voted against a proposed plan to increase Benioff's equity, bringing his total compensation to $39.6 million from $29.9 million last year while keeping his base pay of $1.55 million the same.

    Shareholders were advised to vote against the plan by firms Glass Lewis and Institutional Shareholder Services. 

    They still voted to keep Benioff as chair instead of opting for an independent board chair.

    Read the original article on Business Insider
  • Jamie Foxx says his medical complication started with a ‘bad headache.’ Here’s everything we know about his condition.

    Jamie Foxx attends the Los Angeles Screening of "Below The Belt" at Directors Guild Of America on October 01, 2022 in Los Angeles, California.
    Jamie Foxx has recovered after being treated for an unknown medical condition in April 2023.

    • On April 11, 2023, Jamie Foxx experienced a "medical complication" that began with a "bad headache."
    • Foxx said he was "gone for 20 days" and has since recovered from his unknown medical condition.
    • Here's everything we know about Foxx's health and what those close to him have said about it.
    Jamie Foxx "experienced a medical complication" on April 11, 2023, according to a family statement posted the following day on his daughter Corinne Foxx's Instagram account.
    orinne Foxx and Jamie Foxx at the Directors Guild Of America in October 2022 in Los Angeles, California.
    Corinne Foxx and Jamie Foxx at the Directors Guild Of America in October 2022 in Los Angeles, California.

    "We wanted to share that my father, Jamie Foxx, experienced a medical complication yesterday," Corinne Foxx shared on her Instagram account on behalf of the Foxx family.

    "Luckily, due to quick action and great care, he is already on his way to recovery. We know how beloved he is and appreciate your prayers," the statement continued. "The family asks for privacy during this time."

    The family did not share details about what caused the health issue at the time.

    According to CNN, the actor was in Atlanta filming his new Netflix movie, "Back in Action," with Cameron Diaz and Glenn Close when he was taken to hospital, although he was not on set at the time.

    In the following days, many of Foxx's friends shared words of encouragement to the actor and prayed for his speedy recovery.
    Jamie Foxx attends the "Creed III" European Premiere at Cineworld Leicester Square on February 15, 2023 in London, England.
    Jamie Foxx attends the "Creed III" European Premiere at Cineworld Leicester Square on February 15, 2023, in London, England.

    Two days after the news of his hospitalization broke, Kerry Washington shared a throwback photo of herself and Foxx on Instagram, captioning it: "A @iamjamiefoxx appreciation post."

    "Sending you all the love and prayers my movie huzbin," she continued, followed by a string of praying hand and heart emojis.

    Washington and Foxx played husband and wife in "Django Unchained" (2012) and the Ray Charles biopic "Ray" (2004), the latter of which earned the actor an Academy Award.

    Meanwhile, LeBron James posted to X (formerly known as Twitter): "Sending my thoughts and prayers to the heavens above to my brother @iamjamiefoxx!!!! Get well and back to yourself SOONER THAN LATER! God willing."

    Jennifer Hudson also sent well wishes to her "Dreamgirls" costar, writing on Instagram: "Lifting my friend @iamjamiefoxx and the Foxx family up in prayer ! We pray for healing in Jesus' name! Sending u all the love in the world, Jamie !!!"

    On April 17, it was reported that Foxx was still under medical observation, a week after being hospitalized.
    Jamie Foxx attends the Los Angeles Screening of "Below The Belt" at Directors Guild Of America on October 01, 2022 in Los Angeles, California.
    It was reported that Jamie Foxx was still receiving medical care at the Georgia medical facility on April 17.

    According to both CNN and People, the "Day Shift" actor was still receiving medical care at the Georgia medical facility.

    "They are running tests and still trying to figure out what exactly happened," a source told CNN at the time.

    On the same date, People also reported that Foxx's costar and close friend Diaz made her return to the set of the movie they had been filming, working with a body double for Foxx.

    On April 20, Tracy Morgan and Martin Lawrence spoke about Foxx's health, with the latter noting that he was "doing better."
    Martin Lawrence and Tracy Morgan both sent their love to their recovering friend.
    Martin Lawrence and Tracy Morgan both sent their love to their recovering friend on April 20.

    Morgan and Harvey wished Foxx well while attending Lawrence's Hollywood Walk of Fame ceremony on April 20.

    "I love Jamie. Jamie's a good friend of mine … my prayers go up for Jamie," Morgan told Entertainment Tonight

    "He's strong, he's a fighter, he's gonna come out of it and he's good. He's gonna be stronger and better than ever," he said.

    Referring to his 2014 accident which left him with life-threatening injuries, Morgan added: "I've been there. I was on the other side in a coma for 10 days, so I know about [being hospitalized]."

    "I just want Jamie to please get strong," the "30 Rock" actor added. "Jamie, I love you. My prayers go out to you and your family. Please get well."

    Meanwhile, Lawrence told Extra: "I hear he's doing better… My prayers go out for him every night and just wishing the best for him, one of the best that we got in Hollywood," 

     

     

    On April 23, Nick Cannon said that Foxx was "awake" and "alert" 12 days after being hospitalized.
    Nick Cannon and Jamie Foxx at the Celebrity Golf Tournament during DJ Irie Weekend at Miami Beach Golf Club on June 20, 2014 in Miami Beach, Florida
    Nick Cannon and Jamie Foxx at the Celebrity Golf Tournament during DJ Irie Weekend at Miami Beach Golf Club on June 20, 2014, in Miami Beach, Florida.

    Speaking to Entertainment Tonight, Cannon said that he has been saying "words of affirmation for my big brother" and teased the news that he would be standing in for Foxx as guest host on the upcoming season of game show "Beat Shazam."

    He said: "I know he's doing so much better because I'm actually about to do something special for him, and doing him a favor. I can't really say what it is, but it'll be out there soon."

    Speaking about Foxx's health, he added: "He's awake. They say he's alert, so, we love it. That's family right there."

    On May 3, Kevin Hart said that there has been "a lot of progression" with Foxx's recovery.
    Kevin Hart and Jamie Foxx at the 13th Annual Harold And Carole Pump Foundation Gala in 2013.
    Kevin Hart and Jamie Foxx at the 13th Annual Harold And Carole Pump Foundation Gala in 2013.

    Appearing on the podcast "Impaulsive with Logan Paul" on May 3, the comedian shared what he knew about Foxx's medical condition and recovery.

    Although Hart noted that Foxx has "always been a private person to a certain degree," he said he was "fortunate" to be able to have a good relationship with the actor and has checked in on him in the past few weeks.

    "I think the dope thing is that he's getting better in his situation, and everybody's prayers, everybody's love, energy, all that stuff is seen and felt," Hart told hosts Logan Paul and Mike Majlak.

    "I don't know the details the exact details as to what's going on, but to my knowledge, there's a lot of progression and a world of better," he added. 

     

    Later the same day, Foxx spoke out for the first time since his hospitalization in a brief Instagram post.
    Jamie Foxx at the 2023 Miami Open at Hard Rock Stadium in Miami Gardens, Florida, on March 30, 2023
    Jamie Foxx at the 2023 Miami Open at Hard Rock Stadium in Miami Gardens, Florida, on March 30, 2023

    "Appreciate all the love!!! Feeling blessed," he wrote, followed by a praying hands emoji, red heart emoji, and fox emoji.

    Many of his friends extended their well wishes to him in the comments.

    Jeremy Renner wrote: "Sending you strength and love," while Kate Beckinsale added: "Love you sir massive hugs king xxxx"

    Ansel Elgort, who appeared in "Baby Driver" with Foxx, wrote: "You are the greatest Jamie, please make a speedy recovery. You are a blessing to this world, we need you in it."

    Foxx also gave a shout-out to Nick Cannon for filling in on his hosting duties for the upcoming season of "Beat Shazam" in an Instagram Story.

    "Appreciate ya my boy @nickcannon. See u all soon," he wrote over the Fox show's statement about the change of lineup for the new season, which returned to screens on May 23.

    On May 12, Foxx's daughter said he was out of the hospital and recuperating after seeing false rumors about his condition.
    Foxx's daughter dismissed reports about her father's health worsening on Instagram.
    Foxx's daughter dismissed reports about her father's health worsening on Instagram.

    Just over a month after news of his hospitalization, Foxx's daughter announced that the actor was out of the hospital after unsubstantiated reports that the family was "preparing for the worst" began circulating online.

    According to her Instagram Story, her father was discharged several weeks ago.

    "Update from family: Sad to see how the media runs wild," she wrote.

    "My Dad has been out of the hospital for weeks, recuperating. In fact, he was playing pickleball yesterday! Thanks for everyone's prayers and support! We have an exciting work announcement coming next week too!" 

     

     

    Just a few days later, it was announced that Foxx would be returning to TV.
    Jamie Foxx and daughter Corrine Foxx in a promotional photo for upcoming musical game show “We Are Family.”
    Jamie Foxx and daughter Corrine Foxx in a promotional photo for upcoming musical game show “We Are Family.”

    The duo, who will be sitting out the upcoming season of "Beat Shazam" as previously mentioned, are set to cohost a new music game show called "We Are Family," also for Fox and scheduled to premiere in 2024.

     

     

    In June, John Boyega, who stars alongside Foxx in the film "They Cloned Tyrone," said that the actor was "doing well."
    Teyonah Parris as Yo-Yo, Jamie Foxx as Slick Charles, and John Boyega as Fontaine in "They Cloned Tyrone."
    Teyonah Parris as Yo-Yo, Jamie Foxx as Slick Charles, and John Boyega as Fontaine in "They Cloned Tyrone."

    "He finally picked up the phone. Thank you, bro," Boyega told People at the premiere of the movie. "He's doing well. And then, you know, we just giving him the privacy, and we can't wait for his return."

    "I gave him the well wishes directly," Boyega added. "I gave him all the well wishes. So I'm just gonna be waiting until he comes back out here. So take your time, Jamie. We love you, bro."

    "They Cloned Tyrone" coproducer Datari Turner shared similar comments about Foxx.

    "He's in really, really good shape and spirits.," Turner said. "And he'll be back on the screen. He'll be back to work very soon."

    Weeks later, Foxx was seen in public for the first time since his undisclosed medical condition.
    Jamie Foxx seen in Los Angeles on November 7, 2023.
    Jamie Foxx seen in Los Angeles on November 7, 2023.

    In a video obtained by TMZ, Foxx was in good spirits as he waved to fans while on a yacht in Chicago.

    "Boat life," he later posted on X, followed by a mention of his whiskey brand. "Celebrating summer with @brownsugarbbn Stay blessed!"

     

    On July 22, 2023, Foxx posted a video thanking his family and fans for their support.
    Jamie Foxx at a special screening of "The Burial" on December 17, 2023 in Los Angeles, California.
    Jamie Foxx at a special screening of "The Burial" on December 17, 2023, in Los Angeles.

    "First of all, I want to say thank you to everybody that's prayed, man, and sent me messages. I cannot even begin to tell you how far it took me and how it brought me back," Foxx said in a video posted on Instagram. "I went through something that I thought I would never ever go through."

    Foxx said that he was aware that people wanted updates, but he didn't want fans to see him during his medical complication.

    "I didn't want you to see me with tubes running out of me and trying to figure out if I was going to make it through," he said. "And to be honest with you, my sister, Deidra Dixon, and my daughter, Corinne Marie, saved my life. So to them, to God, to a lot of great medical people, I'm able to leave you this video."

    Foxx said that his family protected him and kept his situation under wraps, which led to speculation and false rumors. 

    "I went to hell and back. And my road to recovery had some potholes as well," he said. "But I'm coming back and I'm able to work. So I want to thank the people who let me work. I just want to say that I love everybody and I love all the love that I got."

    On December 4, Foxx attended the Critics Choice Association's "Celebration" event, honoring Black, Latino, and AAPI achievements.
    Jamie Foxx accepts the Vanguard Award onstage during the Critics Choice Association's "Celebration" event in Los Angeles, California on December 4, 2023.
    Jamie Foxx accepting the Vanguard Award onstage during the Critics Choice Association's "Celebration" event on December 4, 2023.

    Foxx was presented with the Vanguard Award for his performance in the 2023 film "The Burial," which was inspired by true events.

    The actor began his speech by telling the audience that he couldn't walk six months prior. 

    "I wouldn't wish what I went through on my worst enemy, because it's tough," he said. 

    Since his experience, Foxx said that he has a "new respect" for life and his art.

    "I watched so many movies and listened to so many songs trying to have the time go by," Foxx said. "Don't give up on your art, man, don't give up."

    On March 3, 2024, Foxx accepted the producers award at the African American Film Critics Association's (AAFCA) Special Achievement Awards luncheon.
    Jamie Foxx at the AAFCA Special Achievement Awards luncheon on Sunday, March 3, 2024, in Los Angeles.
    Jamie Foxx at the AAFCA Special Achievement Awards luncheon on Sunday, March 3, 2024, in Los Angeles.

    Foxx and his producing partner Datari Turner accepted the award on behalf of Foxxhole Productions. The actor's speech was filled with jokes and heartfelt sentiments reflecting on his career. He also referenced his health situation.  

    "Everybody wants to know what happened, and I'm going to tell you what happened. But I've gotta do it in my way," Foxx said. "I'm gonna do it in a funny way. We're gonna be on the stage. We're gonna get back to the standup sort of roots."

    In an undated video that surfaced on July 1 on X, Foxx gave an update on his health and said that his unknown condition began with a "bad headache."
    Jamie Foxx at the AAFCA Special Achievement Awards luncheon on Sunday, March 3, 2024, in Los Angeles.
    Jamie Foxx at the AAFCA Special Achievement Awards luncheon on Sunday, March 3, 2024, in Los Angeles.

    Foxx was seen talking to a small group of people in Phoenix, Arizona, in a brief undated video posted by an account called @ArtOfDialogue_ on X. 

    "Look, April 11th last year, bad headache," Fox said. "I asked my boy for an Advil."

    "I was gone for 20 days," he continued. "I don't remember anything."

    Foxx said that he was in Atlanta at the time and his sister and daughter took him to a doctor who gave him a cortisone shot. 

    "Next doctor said, 'There's something's going on up there," Foxx added, pointing to his head. "I won't say it on camera."

    Read the original article on Business Insider