Sissi Cao

New York

Business Editor and Reporter at Observer

Business Editor and Reporter @observer. Covering tech, media, and finance.

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Articles

BlackRock CEO Larry Fink Is Challenging a 73-Year-Old Investing Principle

3 weeks ago | observer.com | Sissi Cao

BlackRock CEO Larry Fink, 72, began his career on Wall Street in the 1970s. Xinhua News Agency via Getty ImaFor over 70 years, professional investors have relied on an investment strategy known as Modern Portfolio Theory (MPT). Developed in the 1950s by Nobel Prize-winning economists Harry Markowitz and Bill Sharpe, MPT popularized the classic 60/40 portfolio—roughly 60 percent stocks and 40 percent bonds—as a way to diversify risk and maximize returns.
20 Years Later, Rebecca Minkoff Is Still Making the Perfect Bag for the Woman Who Carries It

1 month ago | observer.com | Sissi Cao

Rebecca Minkoff attends Fashion Icons With Fern Mallis: Rebecca Minkoff at 92NY on Feb. 10, 2025 in New York City. Getty ImagesBetween running her namesake brand, spearheading a media and events company, co-hosting a podcast, parenting four kids and—until recently—making time for reality TV, Rebecca Minkoff still manages to clock out at a reasonable hour and log eight hours of sleep. “Sleep for me is a big source of recognizing that I need it to go at the rate I go,” she told Observer.
Elon Musk Launched His Tesla Roadster Into Space 7 Years Ago—It Was Just Seen Again

2 months ago | observer.com | Sissi Cao

A photo of “Starman” and Elon Musk’s Tesla Roadster shared by SpaceX in 2018. SpaceX via Getty ImagesOn this day seven years ago, SpaceX launched the maiden flight of Falcon Heavy, a rocket used for heavy-lift and deep space missions, with a special payload on board: a cherry red 2008 Tesla Roadster owned by Elon Musk. The sports car was permanently mounted on the rocket’s upper stage and had a spacesuit-clad dummy named “Starman” sitting in its driver’s seat.
How Trump’s Day 1 Policies Will Affect Trade, Climate, EVs and TikTok

Jan 21, 2025 | observer.com | Sissi Cao

U.S. President Donald Trump speaks after being sworn in during his inauguration in the U.S. Capitol Rotunda on Jan. 20, 2025 in Washington, DC. Kenny Holston-Pool/Getty ImagesPresident Donald Trump kicked off his second term yesterday (Jan. 20) with a barrage of executive orders on immigration, national security, trade, energy and health. Many of these orders are to repeal policies and regulations put in the place by the Biden administration.
Perplexity AI CEO Believes No Publisher Should Own the Right to Reported Facts

Nov 1, 2024 | observer.com | Sissi Cao

Aravind Srinivas, co-founder and CEO of Perplexity, speaks onstage during TechCrunch Disrupt 2024 on Oct. 30, 2024 in San Francisco. Kimberly White/Getty Images for TechCrunchOn Dec. 7, 2022, seven days after OpenAI launched ChatGPT, a former OpenAI research scientist named Aravind Srinivas, who’d left the company just three months earlier, launched a competing A.I. chatbot called Perplexity. “Everybody was obsessed with ChatGPT.
Perplexity AI CEO Believes No Publisher Should Own the Right to Reported Facts

Nov 1, 2024 | flipboard.com | Sissi Cao

1 hour agoWhen she decided to uproot her life and move halfway across the world to run a company in a place where she had never lived, Nadia Carlsten wasn’t really sure what to expect. But the American engineer with a passion for technology management definitely wasn’t expecting to be treated like a celebrity.
OpenAI’s New Board Chair Bret Taylor Shares the Story of Saving Sam Altman’s Job

Oct 30, 2024 | observer.com | Sissi Cao

OpenAI chairman Bret Taylor has held many notable titles in tech. Katelyn Tucker/ Slava Blazer PhotographyBret Taylor, the new board chairman of OpenAI, said he wasn’t planning on engaging in much board work when the high-flying A.I. company was on the brink of collapse and called him for help this time last year.
Rocket Lab CEO Peter Beck Is Most Excited About a ‘Completely Unfunded’ Mission

Oct 29, 2024 | observer.com | Sissi Cao

Rocket Lab CEO Peter Beck Is Most Excited About a ‘Completely Unfunded’ Mission Rocket Lab is disrupting the space launch business, but its CEO is particularly passionate about a "nights and weekends" project. Rocket Lab CEO Peter Beck has long been fascinated by Venus. Kimberly White/Getty Images for TechCrunchRocket Lab, an emerging rival of Elon Musk’s SpaceX, is doing a lot of important things.
Rocket Lab CEO Peter Beck Is Most Excited About a ‘Completely Unfunded’ Mission

Oct 29, 2024 | flipboard.com | Sissi Cao

16 hours agoMars may have been habitable much more recently than thoughtEvidence suggests Mars could very well have been teeming with life billions of years ago. Now cold, dry, and stripped of what was once a potentially …3 hours agoIron Beam - world's most powerful laser defense systemWhat is the system, and what are its advantages and disadvantages, and does it constitute the future of Israel's air defenses?
A Former SpaceX Engineer Is Building an Airplane Anyone Can Fly in One Hour

Sep 23, 2024 | observer.com | Sissi Cao

A Former SpaceX Engineer Is Building an Airplane Anyone Can Fly in One Hour Flying a personal airplane should be significantly simpler than it is, says Nikita Ermoshkin, the founder of Airhart Aeronautics. Nikita Ermoshkin (left) and his co-founder, Soren Rademacher.