US Private Payrolls Unexpectedly Declined in June, ADP Data Show
Private-sector payrolls decreased 33,000 last month after a downwardly revised 29,000 gain in May, according to ADP Research data released Wednesday. None of the economists in a Bloomberg survey of economists expected a decline.
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New York Times
17 minutes ago
- New York Times
Jeff Williams, Apple's Chief Operating Officer, to Retire After 27 Years
Jeff Williams, Apple's chief operating officer and Tim Cook's longtime lieutenant, is retiring after spending two and a half decades turning the company into an operational machine, capable of making more than 200 million iPhones a year at low prices that allowed the company to rake in tremendous profits. The retirement of Mr. Williams, 62, who was long considered Mr. Cook's most likely successor, means that Apple's next chief executive will likely be one of the company's other leaders. Apple analysts and observers say possible candidates for the job include: John Ternus, its head of hardware engineering; Craig Federighi, its head of software; and Eddy Cue, the company's head of services. Sabih Khan, Apple's senior vice president of operations, will replace Mr. Williams as the company's chief operating officer later this month. A 30-year employee of Apple, Mr. Khan been in charge of Apple's supply chain, procurement and logistics since 2019. Mr. Cook will assume oversight for other divisions Mr. Williams ran, including Apple's design, watch and health teams. 'Jeff and I have worked alongside each other for as long as I can remember, and Apple wouldn't be what it is without him,' Mr. Cook said in a statement. 'He's helped to create one of the most respected global supply chains in the world; launched Apple Watch and overseen its development; architected Apple's health strategy; and led our world class team of designers with great wisdom, heart and dedication.' During his 27 years at Apple, Mr. Williams played a leading role in building the company's supply chain. He helped line up some of its most important and enduring suppliers, including Taiwan Semiconductor Manufacturing Company, which makes Apple's cutting-edge chips, and Corning Inc., which makes iPhone glass. Want all of The Times? Subscribe.
Yahoo
19 minutes ago
- Yahoo
Miracle Mop Inventor Joy Mangano's 18,000-Square-Foot Long Island Home Is Headed to Auction
After failing to sell for $20 million a few years ago, a red brick mansion that dates to the Gilded Age on Long Island's Gold Coast is hitting the auction block. Swan Manor has been owned by the Miracle Mop creator Joy Mangano since 2000, but she's once again trying to part ways with the nine-acre Nissequogue estate. Originally designed by the renowned architect Stanford White back in 1917, few of his elegant details remain. Today, the extensively modernized main house and its outbuildings total a whopping 22,000 square feet, and it's going up for auction with Concierge Auctions and Kyle Roskot of the Agency, with starting bids expected from $4 million to $7 million. Mangano also recently listed the home for $12 million, and it could still sell for that price before hammering down. More from Robb Report Silent's New Flagship Is a Next-Gen 80-Foot Solar-Electric Catamaran This $8 Million Palladian Masterpiece in the Cotswolds Comes With a Herd of Sheep BMW Just Unveiled a Bonkers New Superbike With a Nitrous Oxide Power Boost 'My entire life has been devoted to saving people time with the invention of my products. Deciding to sell my home through a luxury auction is very exciting to me. I love that an auction can help condense the timeframe and reach more incredible people throughout the world who can discover this one-of-a-kind property,' Mangano said in a statement. 'This is a beautiful home with so much history. I'm excited by the prospect of a new family having the opportunity to breathe new life throughout the estate and make it their own.' The main residence encompasses almost 18,000 square feet of living space, including a two-story great room, a sunroom, and a large farmhouse-style kitchen. In total, 14 bedrooms and 15 bathrooms are spread among the estate's three structures, including an old barn that was transformed into a three-bedroom guest house and a detached four-car garage with two bedrooms above. Truly a move-in-ready opportunity, Swan Manor is being offered fully furnished. An indoor swimming pool complete with a diving board and plenty of lounge space is contained within a semi-detached pavilion. You can break a sweat in the fully equipped gym and then relax in the massage room or the sauna. And when it comes to more indulgent activities, there's a wine cellar with a tasting room and a Prohibition-inspired bar for throwing back a cocktail or two. Outside, the gardens include a stone waterfall and several patios for alfresco hangs. And just a short stroll down the sloping lawn from the stately mansion is a recently updated tennis court with a covered viewing of Robb Report The 10 Priciest Neighborhoods in America (And How They Got to Be That Way) In Pictures: Most Expensive Properties Click here to read the full article.
TechCrunch
20 minutes ago
- TechCrunch
LangChain is about to become a unicorn, sources say
LangChain, an AI infrastructure startup providing tools to build and monitor LLM-powered applications, is raising a new round of funding at an approximate $1 billion valuation led by IVP, according to three sources with knowledge of the deal. LangChain began its life in late 2022 as an open-source project founded by Harrison Chase, who was then an engineer at machine learning startup Robust Intelligence. After generating significant developer interest, Chase transformed the project into a startup, securing a $10 million seed round from Benchmark in April 2023, That round was followed a week later by a $25 million Series A led by Sequoia, reportedly valuing LangChain at $200 million. The startup was an early darling of the AI era. When LangChain first emerged, LLMs lacked access to real-time information and the ability to perform actions such as searching the web, calling APIs, and interacting with databases. The startup's open-source code solved those problems with a framework for building apps on top of LLMs models. It became a hugely popular project on GitHub (111K stars, over 18,000 forks). The LLM ecosystem has since expanded significantly, with new startups including LlamaIndex, Haystack, and AutoGPT now offering comparable features. Furthermore, leading LLM providers including OpenAI, Anthropic, and Google have evolved their APIs to directly offer capabilities that were once key differentiators for LangChain's core technology. So the company has added other products, including LangSmith, a separate, closed-source product for observability, evaluation, and monitoring of LLM applications, specifically agents. This product has soared in popularity, multiple people tell us. Since its introduction last year, LangSmith has led the company to reach annual recurring revenue (ARR) between $12 million and $16 million, four sources told TechCrunch. The company didn't respond to a request for comment. Developers can start working with LangSmith for free and upgrade to $39 per month for small team collaboration features, according to the company's website. LangChain also offers custom plans for large organizations. Companies who use LangSmith include Klarna, Rippling, and Replit. Techcrunch event Save up to $475 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW While LangSmith currently leads the burgeoning LLM operations space, it does have competitors like smaller, open-source Langfuse and Helicone. IVP declined to comment on this report.
