On this week’s episode of the ‘Get a Real Job’ podcast, an inspiring chat with actor/writer/creator Joseph Gordon-Levitt.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!


1 min read

Opinions expressed by Entrepreneur contributors are their own.


You know Joseph Gordon-Levitt from little under-the-radar movies like The Dark Knight Rises500 Days of Summer, Don Jon and Inception. While many people would be content writing, directing and acting in critically and financially successful projects, Joseph also runs a business in his spare time. 

His business, HITRECORD, is an open online community for creative collaboration that connects creators — experts and beginners alike — on passion projects. This month, Joseph launched a six-episode miniseries called CREATE TOGETHER #WithMe, which showcases the outcomes of those connections and the people behind them.

During this episode of Get a Real Job, we spoke about the joy that comes with creating something out of nothing — and how working with other people is the key to bringing about the only kind of success that matters.

Thanks for listening!

Source link

A trader at the New York Stock Exchange (NYSE) at Wall Street in New York City.

JOHANNES EISELE | AFP via Getty Images

(This story is for CNBC Pro subscribers only.)

During the worst stock rout in more than a decade earlier this year, hedge fund managers piled into stay-at-home internet names while buying the dip in beaten-down coronavirus-impacted stocks.

RBC Capital Markets looked at a total of 342 hedge funds and their positions at the end of March based on their latest quarterly regulatory filings. The 10 top new picks in the hedge fund world during the first quarter outperformed the market by 8.4% on average in 2020, RBC finds.

These are the stocks where hedge fund ownership rose the most during the first-quarter sell-off.

Source link

On Wednesday, the Senate passed a bill that, if made law, could remove scores of foreign companies—mostly Chinese—from U.S. stock exchanges. The forced delisting would strip affected companies of billions in market value, and cause a great deal of reputational damage, too.

But what happens to shareholders holding stock in a company that is suddenly no longer on the market?

The short answer: Nothing.

Shareholders can keep their shares when a company delists and retain their rights as shareholders in the company. The cash value of those shares, however, might be virtually nil.

Investors witnessed this effect on Wednesday when Nasdaq resumed trading in scandal-plagued Luckin Coffee after announcing the company was due to be delisted. Shares in the Chinese coffee chain—which had been suspended since April 7—collapsed 36% Wednesday to less than $3 (about the price of a Starbucks coffee.) At their peak in January, Luckin shares were trading at $50.

The collapse in price, however, suggests that somewhere out there, investors are still looking to buy the company’s shares. Investors might choose to hold on to shares in a delisted company, hoping that the entity will list again someday and regain its share price.

Delisting does …

Good morning.

We write a lot about ‘big data’ at Fortune these days. But in the C-suite, there is a small piece of data that reigns supreme. It’s called Net Promoter Score—NPS—and at Fortune 500 companies, it is all the rage. “One could use the word ‘religion,’” IBM’s Michelle Peluso told Fortune’s Geoffrey Colvin.

I experienced the religious fervor myself about a year ago, when I was moderating a conversation on how to build a “data-driven, consumer-centric” company among a group of very successful Fortune 500 CEOs. We went around the room, asking each what data they paid most attention to. And one after another—CEOs from tech, airlines, retail, diversified manufacturing, you name it—repeated like a mantra: “NPS.”

The measure, invented 17 years ago by a Bain consultant, is deceptively simple. It is based on a single survey question.

1. On a scale of zero to 10, how likely is it that you would recommend XX to a friend or colleague.

The score is calculated by taking the percentage of people who answered 9 or 10 and subtracting the percentage who answered 6 or lower. The “score” can range from -100 to 100.

The beauty of NPS is its simplicity.