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☆ Email startup Beehiiv just raised $33 million to build a big ad business and differentiate itself from rival Substack
▼ + stars: | 2024-05-02 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The firm closed a $33 million round of Series B funding, with the bulk of the money going toward building out its advertising business, CEO Tyler Denk told Business Insider. With the new round of funding, Beehiiv hopes to make $5 million from ads in 2024, he said. AdvertisementBeehiiv acquired the email ad platform Swapstack and launched its ad network that places ads in newsletters during the third quarter of 2023. Beehiiv's Denk said that Beehiiv has a "difference in philosophy" on ads than Substack does.

Persons: —, Tyler Denk, Beehiiv, Denk, Boston Globe Media's, Beehiiv's cofounders, Substack, Jesse Singal, Beehiiv's Denk Organizations: Service, Business, NEA, Sapphire, Lightspeed Venture Partners, Boston Globe, Morning, Netflix

☆ Axios CEO Jim VandeHei on the 2024 election, Trump vs. Biden rematch and importance of introspection
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAxios CEO Jim VandeHei on the 2024 election, Trump vs. Biden rematch and importance of introspectionJim VandeHei, Axios co-founder and CEO and ‘Just the Good Stuff’ author, joins 'Squawk Box' to discuss the state of politics, the 2024 election, life lessons from his new book, and more.

Persons: Jim VandeHei, Biden, Axios, ‘ Organizations: Trump

☆ Amazon's cloud margin widens on accelerating revenue growth
▼ + stars: | 2024-04-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Adam Selipsky, CEO of Amazon Web Services, speaks during the Bloomberg Technology Summit in San Francisco on June 22, 2023. Revenue from Amazon Web Services came out to $25.04 billion, according to the company's earnings statement. The growth marked a step up from the 13% increase Amazon reported for AWS in the fourth quarter. Analysts polled by StreetAccount had expected $7.52 billion in AWS operating income. The AWS operating margin widened to 37.6%, the widest at least since 2014.

Persons: Adam Selipsky, StreetAccount, Gartner, Axios, Anthropic, CFRA's Zino Organizations: Amazon Web Services, Bloomberg Technology Summit, Amazon, Revenue, AWS, Google, Microsoft Locations: San Francisco

☆ House Republican Drafts Censure of Omar for ‘Pro-Genocide’ Remark
▼ + stars: | 2024-04-30 | by ( Annie Karni | More About Annie Karni | ) www.nytimes.com time to read: 1 min

A House Republican said on Tuesday that he was drafting a resolution to formally rebuke Representative Ilhan Omar, Democrat of Minnesota, for recent comments in which she suggested that some Jewish students at Columbia University were “pro-genocide.”Representative Don Bacon, Republican of Nebraska, does not yet have a timeline for releasing his censure resolution against Ms. Omar, a spokeswoman said. But Mr. Bacon said the remark amounted to antisemitism from the congresswoman, a progressive firebrand and one of two Muslim women in the House, who has drawn criticism in the past for incendiary comments. “Folks can protest Israel, but don’t blame Jewish American students for Israel,” Mr. Bacon told Axios, which earlier reported his censure plans. “That is by definition antisemitism.”

Persons: Ilhan Omar, Don Bacon, Omar, Bacon, ” Mr, Axios, ” Organizations: Republican, Columbia University, ”, Israel Locations: Minnesota, Nebraska, Israel

Washington CNN —Kim Kardashian will join Vice President Kamala Harris at the White House on Thursday for a roundtable to discuss pardons issued by President Joe Biden earlier this month, a White House official said Thursday. Kardashian previously met with former President Donald Trump at the White House as part of her advocacy for criminal justice reform. In 2019, she delivered remarks from the White House East Room on a new initiative aimed at helping former inmates get jobs out of prison. She met with Trump at the White House again in 2020. Axios first reported Kardashian’s visit to the White House.

Persons: Washington CNN — Kim Kardashian, Kamala Harris, Joe Biden, Kardashian, Donald Trump, Alice Marie Johnson, Axios, Biden, Rolling Stone, “, ” Biden, Harris, Steve Benjamin Organizations: Washington CNN, White, Trump, Rolling, Administration Locations: Ottoman Empire, Armenia, Azerbaijan

☆ House Speaker Mike Johnson calls for Columbia president's ousting, echoing a familiar and effective threat
▼ + stars: | 2024-04-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

House Speaker Mike Johnson wants Columbia University's President out. Johnson and other House Republicans have criticized her handling of campus protests and antisemitism. AdvertisementHouse Speaker Mike Johnson wants Columbia University's president to resign, calling her "inept" and "weak." "This president, Shafik, is shown to be a very weak, inept leader. They cannot even guarantee the safety of Jewish students?

Persons: Mike Johnson, Johnson, —, Israel's, UPenn, Claudine Gay, UPenn's Elizabeth Magill, Sally Kornbluth, Hugh Hewitt, it's, They're, Shafik, Harvard's Claudine Gay, they've, shouldn't, Anthony D'Esposito, Yuda Drizin Organizations: Columbia, Republicans, Service, Harvard, MIT, NYPD, Palestinian, NY Republican, The Washington, Columbia Jewish, Washington Post Locations: Israel, Gaza, America, Columbia

☆ Senate set to vote on $95B foreign aid package: Here's the state of play
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSenate set to vote on $95B foreign aid package: Here's the state of playStef Kight, Axios senate reporter, joins 'Squawk Box' to discuss the state of the $95 billion foreign aid package that passed in the House over the weekend, whether the bill has enough bipartisan support to pass the Senate, and more.

Persons: Stef Kight Locations: Axios

☆ Middle East Crisis Senior Israeli Military Official Offers to Resign After Oct. 7 Intelligence Failures
▼ + stars: | 2024-04-22 | by ( Adam Rasgon | ) www.nytimes.com time to read: +5 min

Mr. Netanyahu said in a social media post that his government would “act by all means” against any such move. The sanctions, if imposed, would not hold up the military aid that was just approved in Congress. The Israeli military disciplined three of the unit’s commanders after the investigation. Human rights organizations have long accused the Israeli military justice system of whitewashing wrongdoing and the military of acting with impunity. More than 34,000 Palestinians have been killed during the six months of war, according to Gazan health officials.

Persons: Benjamin Netanyahu, Mr, Netanyahu, Axios, Netzah Yehuda, Leahy, Yehuda, Omar Abdelmajed Assad, “, Assad’s, Biden, Benny Gantz, Yoav Gallant, Antony J, Blinken, Jacob J, Lew, Gallant, Mick Mulroy, ”, ” Natan Odenheimer, Gabby Sobelman Organizations: West Bank, Biden, Netzah, Jewish, Israel, Pentagon, State Locations: States, Gaza, Israel, Israel’s, Iran, U.S, United States

☆ Israel's military intel chief resigns, citing failures over Oct. 7 attack
▼ + stars: | 2024-04-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

The intelligence chief of Israel's Defense Forces has resigned citing failures linked to the Hamas terror attack carried out on Oct. 7, during which 1,200 people died in Israel and more than 200 were taken hostage. "On Saturday, October 7, 2023, Hamas carried out a murderous surprise attack against the State of Israel, whose consequences are severe and painful. Haliva had previously assumed responsibility for failure to prevent the devastating attack, amid mounting domestic criticism and demands for accountability from Israel's highest echelons. "The reports regarding sanctions against the Netzah Yehuda Battalion are not currently known to the IDF. Should such a decision be made on the matter, its consequences will be reviewed," the Israeli military added.

Persons: Aharon Haliva, Haliva, Benjamin Netanyahu, Haliva's, Netanyahu, Axios, Netzah Yehuda, Yehuda, Yoav Gallant, Antony Blinken Organizations: Israel's Defense Forces, State, IDF, Israeli, Reuters, Times, Hamas, West Bank, CNBC, Netzah, Israel Defense Forces, U.S Locations: Israel, Times of Israel, Gaza, U.S, Iran

☆ US set to sanction an entire IDF battalion with a history of alleged human rights abuses on the West Bank, report says
▼ + stars: | 2024-04-21 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

The US is set to sanction an IDF unit following reported human rights abuses, Axios reports. The Netzah Yehuda battalion was implicated in the death of an 80-year-old US citizen in 2022. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US is poised to sanction a controversial battalion in the Israel Defense Forces (IDF) for reported human rights abuses, Axios reported. Secretary of State Antony Blinken is expected to announce sanctions against the Netzah Yehuda battalion for alleged human rights violations in the occupied West Bank.

Persons: Netzah Yehuda, Benjamin Netanyahu, —, Axios, Antony Blinken, Yehuda Organizations: Israel's, Service, Israel Defense Forces, West Bank, Business

The United States is considering imposing sanctions on one or more Israeli battalions accused of human rights violations during operations in the occupied West Bank, according to a person familiar with the deliberations. Mr. Netanyahu said in a social media post that his government would “act by all means” against any such move. The news about the possible sanctions, reported earlier by Axios, came only a day after the House approved $26 billion for Israel and humanitarian aid for civilians in conflict zones, including Gaza. The sanctions, if imposed, would not hold up the military aid that was just approved in Congress. On Sunday, Palestinians in the West Bank went on a general strike to protest a deadly Israeli military raid at a refugee camp.

Persons: Benjamin Netanyahu, Mr, Netanyahu, Axios Organizations: West Bank, Biden, Sunday Locations: States, Gaza, Israel

☆ Dept. of Homeland Security embraces AI and other federal agencies are likely to follow
▼ + stars: | 2024-04-17 | by ( Bob Violino | ) www.cnbc.com time to read: +3 min

Homeland Security Secretary Alejandro Mayorkas speaks during the third annual Axios What's Next Summit at the Planet Word Museum on March 19, 2024 in Washington, DC. When the White House issued an executive order last October to promote safe and responsible development and use of artificial intelligence in the federal government, one of the first agencies to say it was on board the AI train was the Department of Homeland Security. In one pilot, Homeland Security Investigations (HSI) will test AI to help in investigative processes focused on detecting fentanyl and combatting child exploitation. The unprecedented speed and potential of AI's development and adoption presents both opportunities and risks, according to Alejandro Mayorkas, Secretary of Homeland Security. What DHS learns from the pilot projects will be beneficial in shaping how it can effectively and responsibly use AI across homeland security moving forward, he said.

Persons: Alejandro Mayorkas, Biden, Mayorkas, — Organizations: Word, White House, Department of Homeland Security, Homeland Security Investigations, Federal Emergency Management Agency, FEMA, United, United States Citizenship, Immigration Services, Homeland Security, DHS, Mayorkas, Republican Locations: Washington ,, United States

☆ An accounting firm hired to vet Truth Social's financials quit after less than a year because it no longer wanted to be linked to Trump: FT
▼ + stars: | 2024-04-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewThe accounting firm that was first hired to audit former President Donald Trump's social media company quit just months after it was appointed, the Financial Times reported on Monday. WithumSmith+Brown was appointed to vet Trump Media & Technology Group's financials soon after it was founded in early 2021. In January 2022, Trump Media instead turned to a smaller accounting firm to conduct the audit, BF Borgers, which has less than stellar record with regulators. The company's shares initially skyrocketed when it went public in March, only for prices to plunge just a week later. That isn't great for Trump, whose net worth is tied to his holdings in Trump Media.

Persons: —, Donald Trump's, WithumSmith, Brown, Trump Media & Technology Group's financials, Trump, Borgers, BF Borgers, Forbes, Jean Carroll, Stormy Daniels Organizations: Service, Financial Times, Trump Media & Technology, Business, Trump Media, Public Company, BF Borgers, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media's, Prosecutors, WithumSmith, Trump Media & Technology Group, Business Insider Locations: freefall, Manhattan

☆ An accounting firm hired to vet Truth Social's financials quit after less than a year because they no longer wanted to be linked to Trump: FT
▼ + stars: | 2024-04-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

☆ Mark Cuban says he's proud to pay $288 million in taxes this year, unlike a certain former president
▼ + stars: | 2024-04-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Mark Cuban says he'll be paying $288 million in taxes to the IRS. The billionaire says he's "proud to pay my taxes every single year," unlike one ex-president. AdvertisementBillionaire Mark Cuban says he's happy to pay his fair share of taxes — unlike one former president. "This country has done so much for me, I'm proud to pay my taxes every single year. Tag a former president that you know doesn’t https://t.co/jxuICxOIAr — Mark Cuban (@mcuban) April 14, 2024This isn't the first time Cuban has taken a swipe at Trump.

Persons: Mark Cuban, he'll, he's, —, Donald Trump, — Mark Cuban, Cuban, Axios, Joe Biden, Trump, didn't, E, Jean Carroll, Carroll, Forbes Organizations: Service, Trump, BI, New York Times, The Times, New, Trump Media & Technology Group, Bloomberg, Trump Media's Locations: Cuban, New York

☆ Couple pays $1,600 a month for a 1-bedroom apartment in Brooklyn—they have 150 houseplants: Take a look inside
▼ + stars: | 2024-04-13 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Mickey Todiwala. "I'm just a homebody that wants to stay at home all day to play with my cats and plants," Wai says. Mickey Todiwala. Mickey Todiwala. Mickey Todiwala.

Persons: Vionna Wai, Chucky Hui, millennials, Hui, Ding, Wai, Mickey Todiwala, I've Organizations: CNBC, Florida Beauty Locations: Bensonhurst , Brooklyn, U.S, Florida

☆ D.N.C. Helped Pay Biden’s Legal Bills in Special Counsel Investigation
▼ + stars: | 2024-04-12 | by ( Reid J. Epstein | ) www.nytimes.com time to read: +1 min

Even as some of President Biden’s top campaign officials were attacking Donald J. Trump’s campaign for soliciting donations to pay his legal fees, the Biden-aligned Democratic National Committee was helping pay for lawyers in the special counsel investigation into Mr. Biden’s handling of classified documents. has directed at least $1.7 million to lawyers since July to cover the president’s representation in the documents inquiry, a figure that pales in comparison to Mr. Trump’s use of supporters’ donations to pay his hefty legal fees. The former president has spent more than $100 million on legal bills since leaving office, relying almost entirely on donations. Federal Election Commission records show that since the investigation began last year, the D.N.C. has paid $1.05 million to Bob Bauer, the president’s lawyer.

Persons: Biden’s, Donald J, Bob Bauer, Jennifer Miller, Biden, ”, —, Axios, Barack Obama Organizations: Biden, Democratic, Committee, Commission Locations: Boston

☆ Iran doesn't want to get into a full-on war, but that won't stop it threatening one
▼ + stars: | 2024-04-12 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +5 min

Israel and the US expect a potential Iranian attack following a strike on Iran's embassy in Syria. The incident has escalated the long-standing proxy war between Israel and Iran. Despite threats of a direct attack on Israel, Iran won't want a war involving the US. A long-standing proxy warThe airstrike on April 1 marked an escalation in the long-standing proxy war between Israel and Iran. Related storyIf ballistic missiles or drones do target Israel, Israel would respond, and the US has made it clear it would support it.

Persons: —, Ali Khamenei, Israel, Joe Biden, Benjamin Netanyahu, Axios, Hossein Amir, Abdollahian, Jake Epstein, Saeid Jafari, Ali Sadrzadeh, Sadrzadeh, Qassem Soleimani, Khameini, Hassan Rouhani Organizations: Service, Islamic Revolution Guard Corps, Iranian, Street Journal, Reuters, Atlantic Council, Israel, BBC News Locations: Israel, Syria, Iran, Damascus, Gaza, Lebanon, Yemen, Washington, Tehran, Iraq

☆ 'I think the VCs won't touch this': Bullpen Capital's Duncan Davidson reacts to Adam Neumann's $1B startup
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'I think the VCs won't touch this': Bullpen Capital's Duncan Davidson reacts to Adam Neumann's $1B startupDuncan Davidson, co-founder of Bullpen Capital, and Dan Primack, Axios business editor, join CNBC's 'The Exchange' to share their reactions to Adam Neumann's new real estate startup, Flow.

Persons: Capital's Duncan Davidson, Adam Neumann's, Duncan Davidson, Dan Primack, CNBC's Organizations: Bullpen Capital

☆ Axios Sees A.I. Coming, and Shifts Its Strategy
▼ + stars: | 2024-04-11 | by ( Katie Robertson | ) www.nytimes.com time to read: 1 min

In the view of Jim VandeHei, the chief executive of Axios, artificial intelligence will “eviscerate the weak, the ordinary, the unprepared in media.”The rapid rise of generative A.I. — and its implications for how people will discover and consume news — has unsettled many media executives. Now he’s becoming one of the first news executives to adjust their company’s strategy because of A.I. Mr. VandeHei says the only way for media companies to survive is to focus on delivering journalistic expertise, trusted content and in-person human connection. For Axios, that translates into more live events, a membership program centered on its star journalists and an expansion of its high-end subscription newsletters.

Persons: Jim VandeHei, VandeHei

☆ Congress back in session: Here's what's on the legislative agenda
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress back in session: Here's what's on the legislative agendaCNBC’s Emily Wilkins and Axios Congressional reporter Juliegrace Brufke join 'Squawk Box' to discuss what's on Congress' legislative agenda as it returns to session this week.

Persons: Here's, Emily Wilkins, Juliegrace Brufke

☆ Trump plays the same songs from his iPad over and over when DJ-ing at Mar-a-Lago: report
▼ + stars: | 2024-04-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Trump's playlist comprises classic hits like Lionel Ritchie's "Hello" and Elvis' "Suspicious Minds." Trump's DJ-ing appears to have become a popular fixture at his clubs, with regulars nicknaming him "Deejay T," per Axios. Trump's playlist, an individual close to the former president told Axios, was all about having "big names and songs people recognize." AdvertisementThis isn't the first time Trump's DJ-ing has come under the spotlight. 'Y.M.C.A.,'" Trump said.

Persons: Donald Trump, Lionel Ritchie's, Elvis, —, DJ, Trump's, nicknaming, Christ, James Brown, Luciano Pavarotti, Axios, Page, Trump, I've, Rihanna, Pharrell Williams Organizations: Service, Opera, Mar, Boys, NELK, Village People, Trump, Business Insider Locations: he's, Florida, New Jersey, Mar, Bedminster , New Jersey

☆ US told Iran it had no involvement or advance knowledge of consulate strike in Syria, US official says
▼ + stars: | 2024-04-02 | by ( Arlette Saenz | ) edition.cnn.com time to read: +2 min

Washington CNN —The United States told Iran it was not involved and had no advance knowledge of Monday’s strike on an Iranian consulate in Damascus, Syria, a US official said. The communication comes amid concern about the war between Israel and Hamas widening to a broader regional conflict. Iran has vowed retaliation after a strike it blamed on Israel killed two of its top commanders and five others at its consulate in Syria. “The United States had no involvement in the strike and we did not know about it ahead of time,” a National Security Council spokesperson said. The US has accused Iran of supporting proxy attacks on US and Western targets since the outbreak of the Israel-Hamas war.

Persons: ”, Axios, Matthew Miller, Hossein Amir, Abdollahian, ” Amir Organizations: Washington CNN, United, National Security, US, State Department, Iran’s, Foreign Ministry, CNN Locations: United States, Iran, Iranian, Damascus, Syria, Israel, Swiss, Tehran, Jordan, Iraq

☆ How Trump managed to lose $1 billion in net worth in a single day
▼ + stars: | 2024-04-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

That’s kinda what happened for investors in Trump Media & Technology Group, the troubled owner of Truth Social, on Monday. Even with Monday’s stumble, the stock is still up about 200% over the past six months, giving it a $6.6 billion valuation that defies logic. Trump Media, aka TMTG, generated just $4.1 million in revenue last year. But if history repeats, or even echoes, with Trump Media, investors may want to buckle up. Bottom line: Monday’s slump is hardly game over for Trump and his social media company.

Persons: CNN Business ’, Wile, Coyote, Monday’s, Matt Egan, It’s, ” Axios, Dan Primack, “, Donald Trump, David, dusts Organizations: CNN Business, New York CNN, Trump Media & Technology Group, Truth, Trump Media, GameStop, Trump Locations: New York, selloff

☆ Trump Media's 2023 losses add up to more than $58 million, stock sinks
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump Media's 2023 losses add up to more than $58 million, stock sinksDan Primack, Axios business editor, joins 'Fast Money' to discuss the struggles of the DJT stock and Truth Social.

Persons: Dan Primack Organizations: Trump

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