In 2010, Salesforce CEO Marc Benioff met with Steve Jobs for a conversation that would shape the trajectory of his $270 billion company.
Jobs invited Benioff to his office during the iPadâs development and laid out a key principle: focus. âWe only have one A Team. Weâre only focused on one thing at a time,â Jobs said, showing Benioff just a handful of Apple products. âWe will never have more products than can fit on my coffee table.â That clarity left a lasting impression.
Benioff applied that focus to Salesforce, which now dominates the $39 billion CRM market with a 25% share in Sales Cloud and is expanding into AI and digital labor. Salesforce Ventures manages $6.8 billion and recently earned $600 million from Googleâs acquisition of Wiz.
Benioff credits Jobsâ advice for Salesforceâs success and emphasizes the same mindset in his investments, saying, âYou must fund the chaos to harvest the miracles.â
JPMorgan Chase CEO Jamie Dimon's distaste for remote work is widely known by now. A long-time opponent, Dimon spoke about the company's return-to-office mandate on Thursday: "I think our employees will be happier over time. And the younger people will learn the right way, itâs an apprenticeship system. And you canât learn working from your basement."
In an interview with Bloomberg Television, Dimon said, "I think our employees will be happier over time," he added. "And the younger people learn the right way, it is an apprenticeship system and you can't learn working from your basement."
He noted that almost 10% of the bank's employees remain remote. In his remarks at JPMorgan's annual Global Markets Conference in Paris, Dimon added to his previous comments, saying, "I completely applaud your right to not want to go to the office every day. But you're not going to tell JPMorgan what to do."
Dimon was even more blunt in a leaked audio recording obtained by Business Insider, where he said, "A lot of you were on the fu**ing Zoom and you were doing the following: looking at your mail, sending texts to each other about what an asshole the other person is, not paying attention, not reading your stuff."
In the same audio, he also dismissed hybrid models, saying, "Don't give me this s**t that work-from-home-Fridays works. I call a lot of people on Fridays, and there's not a goddamn person you can get a hold of."
Dimon's latest comments align with views he has previously expressed about remote work. Earlier this year, he highlighted that it was mainly white-collar workers who seem to reject remote work, while frontline workers continue to work on-site as their jobs demand. Referring to their work during the pandemic, he asked: âWhere did you get your Amazon packages from? Your beef, your meat, your vodka? Where did you get the diapers from?â
At a town hall in Columbus, Ohio, Dimon rebuked employees who challenged the bank's five-day office mandate. He brushed off requests for flexible schedules, arguing that remote work suppresses creativity and delays decision-making.
When your dad is Warren Buffett, you'd think a kitchen remodel wouldn't be a big ask. But when Susie Buffett requested a $41,000 loan after having a baby, her father told her to "go to the bank like everyone else."
The story, shared in interviews and documentaries over the years, highlights Buffettâs tough-love approach to money. Despite her modest request, Susie recalled, âHe wonât give it to us on principle.â His reasoning? Just as a quarterback shouldn't start because of his dadâs legacy, kids shouldnât get financial breaks they havenât earned.
Buffett's stance wasnât about withholding loveâit was about teaching responsibility. While he gave billions to philanthropy, he expected his children to stand on their own. The lesson? Whether investing or parenting, discipline comes firstâeven when it's personal.
Boeing ($BA) shares pulled back Thursday after President Donald Trump announced China would buy 200 Boeing jets, a smaller order than many investors had expected.
CNBCâs Jim Cramer reacted positively to the drop, writing on X that Boeing looked âvery good down ten,â referring to the stockâs roughly $10 to $11 decline after the announcement.
The market had been hoping for a much larger order. Bloomberg previously reported that a potential package could include as many as 500 Boeing 737 Max jets.
Trump said on Fox News that Chinese President Xi Jinping had agreed to order â200 big ones.â The deal would mark Boeingâs first major aircraft order from China since Trumpâs 2017 Beijing trip, when China agreed to buy 300 Boeing jets.
Details around delivery timing and aircraft types were not immediately available.
The China order comes as Boeing continues trying to stabilize its business. CEO Kelly Ortberg joined Trumpâs delegation to Beijing and had previously said he was confident the summit would include aircraft orders.
Boeingâs recovery remains a key focus for investors. In the first quarter, revenue rose 14% to $22.2 billion, while its core loss narrowed to 20 cents per share.
Commercial deliveries improved, and 737 production stabilized at 42 jets per month. Boeing is expected to report second-quarter results on July 28.
China just released a real $574K mech suit that transforms from two legs to four â and the founder piloted it himself.
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#UnitreeGD01 #Mecha #ChinaTech #Robotics #Unitree
Economist Peter Schiff is warning that the U.S. Treasury market is âbreaking downâ as yields continue to climb, creating what he sees as a major long-term bullish setup for gold and silver.
In a post on X, Schiff pointed to the 10-year Treasury yield trading above 4.5% and the 30-year yield rising above 5%. Rising yields mean bond prices are falling, which Schiff sees as a sign of deeper stress in the Treasury market.
Gold and silver were selling off as yields moved higher, which is the typical market reaction since higher government bond yields can make non-yielding assets less attractive.
But Schiff argues traders are missing the bigger picture. He said a bond market crash would be âthe most bullish thingâ that could happen for precious metals.
His view is that a serious debt-market breakdown could eventually force major economic intervention, weaken fiat currency and drive investors toward safe-haven assets like gold and silver.
For now, Schiff believes Wall Street is misreading the situation by focusing on the short-term pressure from higher yields instead of the longer-term risk of instability in government debt.
Gold spot prices recently fell 1.66% to around $4,575 per ounce, though gold remains up more than 41% over the past year.
Gold-related ETFs have also posted strong one-year gains, with gold miner funds like GDX and GDXJ outperforming many physical gold ETFs over that stretch.
Despite reporting one of the best quarters in the companyâs history, Cisco Systems Inc. (NASDAQ:CSCO) is restructuring its workforce to the tune of 4,000 jobs. However, CEO Chuck Robbins insists the move is a strategic âreallocationâ to fuel expanding artificial intelligence (AI) infrastructure, rather than a traditional cost-cutting measure.
Driven by a massive surge in demand from hyperscalers, Cisco recently reported a record $15.8 billion in third-quarter revenue. Yet, the pace of the AI revolution required shifts in internal investments.
âWe intentionally wanted to stay away from having that appear to be an excuse, because thatâs not why weâre doing it,â Robbins told Jim Cramer on CNBC, regarding the workforce reduction. Instead, the move is designed to feed Ciscoâs highest-growth sectors.
âWhat we have to do is we need more funding in silicon. We need more funding in optics, we need more funding in our AI solutions, and we need more funding in security,â Robbins explained.
Tesla Inc. (NASDAQ:TSLA) and SpaceX CEO Elon Musk reaffirmed orbital datacenter goals on Thursday as NVIDIA Corp (NASDAQ:NVDA) CEO Jensen Huang outlined the growing need for energy to operate AI compute.
User @TheChiefNerd posted a clip on X that showed Huang sharing that the amount of energy needed for AI compute exceeded current capacity. âThe amount of energy that we need for computing is probably 1,000x more than we currently have,â Huang said.
The NVIDIA CEO can also be seen saying that renewable, sustainable sources were crucial to increase energy output for datacenters.
Responding to the user, Musk shared his take on Huangâs comments about rising energy needs. âSpace is the only way,â he said, reaffirming his orbital datacenter goals.
Figma ($FIG) shares jumped after the design software company delivered its biggest earnings beat since going public, driven by strong customer growth, AI monetization and enterprise adoption.
The company reported first-quarter revenue of $333.44 million, beating analyst estimates of $313.16 million. Adjusted earnings came in at 10 cents per share, topping expectations of 6 cents per share.
Revenue rose 46% year over year, while paid customers increased 54%. Figma also generated $97.3 million in net cash from operating activities and $88.6 million in adjusted free cash flow.
CFO Praveer Melwani said the quarterâs strength came from multiple areas, including seat expansion, product adoption, pricing, international growth and AI monetization. He said those growth components are now âkicking into high gear.â
Figma also pointed to strong demand for newer products such as Make, Governance+ and advisory services. Melwani said the company is seeing early but strong signals that AI monetization is starting to contribute.
CEO Dylan Field said Figma is focused on balancing profitability with long-term investment, especially in emerging AI opportunities. Management suggested the company is prioritizing growth, market share and product reach over protecting specific margin levels.
Figma also issued stronger guidance. The company expects second-quarter revenue of $348 million to $350 million, above analyst estimates, and raised full-year revenue guidance to a range of $1.422 billion to $1.428 billion.
