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☆ Here's how critiquing Elon Musk's pay package cost Charles Elson his consulting gig
▼ + stars: | 2024-05-17 | 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 EmailHere's how critiquing Elon Musk's pay package cost Charles Elson his consulting gigCharles Elson, founding director of the Weinberg Center at the University of Delaware, and Larry Hamermesh, Professor Emeritus at Widener University, join ‘Squawk Box’ to discuss Tesla as the company's shareholders prepare to vote on reinstating Elon Musk’s $46 billion pay package.

Persons: Elon, Charles Elson, Larry Hamermesh, Tesla Organizations: Weinberg, University of Delaware, Widener University, Elon Musk’s

☆ Biden team consulted prominent Morehouse alumni to craft commencement speech that’s expected to praise student voices
▼ + stars: | 2024-05-17 | by ( Kayla Tausche | Arlette Saenz | ) edition.cnn.com time to read: +5 min

“The voices of students have grown even more clear, particularly in the last few years,” Allen told CNN in an interview, pointing to the protests following George Floyd’s murder and the Black Lives Matter movement. Among those issues, according to people familiar with the discussions, was student worry that their achievements would be overshadowed by a stump speech. On this day, he’s a commencement speaker for these young men, and that’s what he plans to do – be a commencement speaker,” Benjamin told CNN in an interview. At Morehouse, Biden’s broader economic message touting the expansion of the middle class is likely to hit home, according to Allen. HBCUs “continue to be the number one engine for promoting African Americans into the middle class,” Allen told CNN.

Persons: Joe Biden, Tony Allen, Biden’s, ” Allen, George Floyd’s, Stephen Benjamin, Biden, he’s, ” Benjamin, Donald Trump, haven’t, ” Dr, Eddie Glaude Jr, ” Glaude, Jeh Johnson, Randall Woodfin, Steven Reed, Cedric Richmond, ” Richmond, Richmond, Allen, HBCUs “, ” Organizations: CNN, Morehouse College, Delaware State University, White House, Atlanta, Princeton University’s Department of African American Studies, Morehouse, Trustees, White, Homeland, Black, National Museum of, “ Locations: Gaza, Birmingham , Alabama, Montgomery , Alabama, Black

☆ Tesla has 'huge hill to climb' to get Elon Musk's $56 billion pay deal approved, chair says
▼ + stars: | 2024-05-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Tesla is facing an uphill battle to get Elon Musk's $56 billion pay package approved, Tesla's chair said. Robyn Denholm told the Financial Times getting the necessary votes was like climbing "Mount Everest." A Delaware judge previously struck down the package, citing Musk's influence over the board. AdvertisementRobyn Denholm says Tesla is facing an uphill battle to get Elon Musk's record $56 billion pay package approved. "It's a huge hill to climb because getting 50% of the shareholders to vote, let alone what they vote for, is quite tough," Denholm said.

Persons: Tesla, Elon, Tesla's, Robyn Denholm, —, Denholm Organizations: Elon Musk's, Financial Times, Delaware, Service, Business Locations: Everest, Texas

☆ Democrats Aim for a Breakthrough for Black Women in the Senate
▼ + stars: | 2024-05-16 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

Carol Moseley Braun, one of only two Black women to have been elected to the Senate in U.S. history, was in Paris on Wednesday when she was informed that another Black woman, Angela Alsobrooks, had won the Democratic nomination for an open Senate seat in Maryland. “That’s wonderful.”With Ms. Alsobrooks’s come-from-behind victory in Tuesday’s primary, voters in November will most likely have the chance to double the number of Black women ever elected to the Senate. Another Democrat, Representative Lisa Blunt Rochester, is the odds-on favorite to win her party’s nomination in September for an open Senate seat in heavily Democratic Delaware. If both win in November, for the first time, two Black women will serve in Congress’s upper chamber at the same time. Representative Barbara Lee, a seasoned political veteran and an antiwar icon, received barely a glance from the party apparatus this year when she ran for an open Senate seat in California.

Persons: Carol Moseley Braun, Angela Alsobrooks, ”, “, Alsobrooks’s, Lisa Blunt Rochester, “ It’s, Moseley Braun, Kamala Harris, Laphonza Butler, Barbara Lee Organizations: Senate, Democratic, “, Democrat, United States African Development Foundation, Democratic Party Locations: Paris, Maryland, Tuesday’s, Democratic Delaware, Illinois, California

Where each candidate has more donors orfewer donors compared with 2020, by county Biden Biden Trump Trump The New York TimesAcross most of the country, Mr. Trump has fewer donors than he did at the same time in 2020, while Mr. Biden has more. As of the end of March, Mr. Biden had 1.1 million unique individual donors, compared with one million for Mr. Trump. In Delaware, Mr. Biden has roughly twice as many donors as Mr. Trump, an analysis of contributions by ZIP codes shows. Arizona Where each candidate has more donors orfewer donors compared with 2020, by ZIP code Biden Trump The New York TimesIn Arizona, which is a battleground state in 2024, Mr. Biden has picked up donors. In North Carolina, a battleground state, Mr. Biden has gained donors relative to Mr. Trump since 2020.

Persons: Biden, Trump, Donald J, Biden's, Trump's, Mr, Bernie Sanders, Nikki Haley Organizations: Trump, Biden Biden Trump Trump The New York Times, Biden, Mr, New York Times, Federal, Commission, The Times, Siena College, The Philadelphia Inquirer, Democratic, Republican, ZIP, Biden Trump The New York Times, Republican Party . Arizona, Biden Trump The New York, Democrats, Biden Trump U.S, New York Locations: Vermont, Delaware, New York, New York City, Manhattan, Long, Arizona, Flagstaff, Tucson, Phoenix, Scottsdale, Nevada, Las Vegas, Michigan, Biden Trump The New York Times In Michigan, Ann Arbor, Dearborn, Detroit, Grand Rapids, Siena, North Carolina, South Carolina, Pa

☆ Tesla is going all out to push Elon Musk's $55 billion pay package through — even spending money on ads
▼ + stars: | 2024-05-15 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Read previewTesla is going all in on its efforts to push through approval of Elon Musk's $55 billion pay package. A screenshot of some of the paid ads Tesla ran in support of Musk's pay package proposal. SECThe company aims to pass two separate proposals, one moving its state of incorporation from Delaware to Texas and another reapproving Musk's pay, which was struck down by a Delaware judge earlier this year. Musk does not receive a salary from Tesla and his pay package centered on a series of goalposts around the carmaker's financial growth. AdvertisementEarlier in May, Denholm even sat down for a video promoting the pay plan.

Persons: —, Elon, Tesla, Kathleen St, J, McCormick, Musk, Robyn Denholm, Denholm Organizations: Service, Elon Musk's, Securities and Exchange Commission, Google, Business, SEC, Street Journal, Bloomberg Locations: Tesla, Delaware, Texas

☆ Online swagger makes presidential debates sound like prize fights
▼ + stars: | 2024-05-15 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

!” Trump said, accepting the challenge on his social media platform with a nod to words that typically open boxing matches. The debates are set for June 27 on CNN and September 10 on ABC News. It’ll be on cable, so not exactly pay-per-view, but certainly not the aired-everywhere style that has become typical of presidential debate since the Commission on Presidential Debates started sponsoring them in 1988. The CNN debate, on the other hand, will be conducted in a TV studio with no audience, which means no applause or cheering. After grumbling from both campaigns, the Commission on Presidential Debates issued a statement arguing that beginning in September would still allow for early voters to watch before making a decision.

Persons: CNN — Joe Biden, “ Donald Trump, ” Biden, Trump, Biden, Harry, ”, Clint Eastwood’s, “ Let’s, ” Trump, Trump’s, –, Hugh Hewitt, It’ll, John F, Kennedy, Richard Nixon, Biden’s, Hunter, Robert F, Kennedy Jr, “ Organizations: CNN, didn’t, ABC News, Republican, Democratic, Social Security, ABC, Biden, Trump, Commission, Washington Post Locations: Atlanta, New York, Los Angeles, Delaware

☆ Judge rejects Hunter Biden's bid to delay his June trial on gun charges
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: +3 min

Hunter Biden, son of U.S. President Joe Biden, arrives at the White House December 19, 2023 in Washington, DC. Hunter Biden's federal gun case will go to trial next month, a judge said Tuesday, denying a bid by lawyers for the president's son to delay the prosecution. President Joe Biden's son is accused of lying about his drug use in October 2018 on a form to buy a gun that he kept for about 11 days. Hunter Biden was supposed to plead guilty last year to misdemeanor tax charges and would have avoided prosecution on the gun charges had he stayed out of trouble for two years. Hunter Biden was indicted on three gun firearms charges in Delaware and was charged separately in California, where he lives, with tax crimes.

Persons: Hunter Biden, Joe Biden, Biden, Hunter, Maryellen Noreika, Hunter Biden's, Joe Biden's, He's Organizations: U.S, District, Republicans, Democratic, Circuit, Prosecutors Locations: Washington , DC, Wilmington , Delaware, Delaware, California

☆ Federal judge refuses to postpone Hunter Biden’s June 3 trial in gun case
▼ + stars: | 2024-05-14 | by ( Jack Forrest | ) edition.cnn.com time to read: +2 min

Wilmington, Delaware CNN —The federal judge overseeing Hunter Biden’s gun case in Delaware refused on Tuesday to delay the June 3 trial date despite pleas from lawyers for the president’s son who said they would not be prepared in time. “I trust everyone can get done what needs to be done,” US District Judge Maryellen Noreika said during a status conference in Wilmington. Hunter Biden’s lawyer Abbe Lowell argued the defense team would not be able to accomplish all that needs to be done in under three weeks. “I don’t need to be your scheduling secretary,” Noreika said, telling Lowell to work out new filing deadlines with the prosecution ahead of the trial date. Tuesday’s decision from the judge came after Hunter Biden’s latest attempts to throw out the case were rejected in back-to-back rulings last week from the 3rd US Circuit Court of Appeals and Noreika.

Persons: Hunter, Maryellen Noreika, Wilmington . Hunter Biden’s, Abbe Lowell, Lowell, ” Lowell, “, ”, —, Noreika, ” Noreika, Hunter Biden, Hunter Biden’s, he’ll Organizations: Delaware CNN, Prosecutors, US, Appeals Locations: Wilmington, Delaware, Wilmington ., California, Noreika

☆ The Home Insurance Crunch: See What’s Happening in Your State
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +4 min

The Home Insurance Crunch: See What’s Happening in Your StateAs climate change makes disasters more frequent and severe, the insurance industry is in tumult. Even in the Northeast, where homeowners insurance was still generally profitable last year, trends are worsening. In the state of Profitability of homeowners insurance in Iowa Source: AM Best Ratio of revenue to costs for homeowners insurance statewide. To measure the financial health of the homeowners insurance industry, The New York Times assembled data that compares revenues with costs for insurers in each state. The data show that homeowners insurance was unprofitable in 18 states last year, up from eight in 2013.

CNN —President Joe Biden is facing backlash from lawmakers in both parties over his ultimatum that a major Israeli offensive in the city of Rafah would result in a shut-off of some US weapons. “So if you’re worried about Palestinian casualties, the stated policy here actually doesn’t make a ton of sense,” Vance said. The president’s announcement amounted to a turning point in US-Israeli ties since the seven-month conflict between Israel and Hamas began in October. Still, the president’s aides said the message shouldn’t have been a surprise to their intended recipients in Israel given repeated warnings to Prime Minister Benjamin Netanyahu. “I think President Biden has taken forceful action – so much so there’s been a lot of blowback for his recent public statement.”CNN’s Kit Maher, Aileen Graef, Kevin Liptak, Jennifer Hansler and Kylie Atwood contributed to this report.

Persons: Joe Biden, CNN’s Erin Burnett, “, Republican Sen, JD Vance, CNN’s Dana, ”, Biden, ” Vance, Benjamin Netanyahu, Burnett, Israel, Lindsey Graham of, Graham, GOP Sen, Rick Scott of, Israel ”, Josh Gottheimer, Adam Smith, Erin Burnett, –, Netanyahu, Democratic Sen, Chris Murphy, Bash, Murphy, Antony Blinken, ” Blinken, Chris Van Hollen, Margaret Brennan, Van Hollen, ” Van Hollen, ” Murphy, ” Democratic Sen, Chris Coons, Van Hollen’s, there’s, ” CNN’s Kit Maher, Aileen Graef, Kevin Liptak, Jennifer Hansler, Kylie Atwood Organizations: CNN, GOP, Republican, Union, Hamas, Fox News, Democrats, House Democrats, Rep, Congress, Democratic, Connecticut, “, CBS, Ministry, Health, State Department, ” Democratic Locations: Rafah, Ohio, “ State, Israel, Rafah —, Gaza, Lindsey Graham of South Carolina, Rick Scott of Florida, New Jersey, Washington, ”, Iraq, Afghanistan, United States, Maryland, Chris Coons of Delaware

☆ In Maryland’s Democratic Senate primary, a high-stakes clash between a history-making pick and a candidate with deep pockets
▼ + stars: | 2024-05-11 | by ( Simone Pathe | ) edition.cnn.com time to read: +11 min

Silver Spring, Maryland CNN —The farmers market in this suburb of Washington, DC, was a ripe crowd for Angela Alsobrooks, who’s locked in an increasingly contentious Senate Democratic primary on Tuesday. “I would really like to see a Black woman in the Senate. If elected in November, Alsobrooks, the executive of Prince George’s County, could become only the third Black woman ever elected to the Senate. (The one Black woman currently serving — California’s Laphonza Butler — was appointed and isn’t running to stay beyond this year.) “Electing women is not just good for Maryland,” Alsobrooks told supporters assembled outside her campaign office.

Persons: Angela Alsobrooks, who’s, “, Kathy Pruitt, California’s Laphonza Butler —, Alsobrooks, David Trone, ”, Mileah Kromer, Trone, Larry Hogan, ” Pruitt, Hogan, Brian Snyder, “ I’ve, ” —, it’s, ” Alsobrooks, ” Ellen Malcolm, —, Maryland’s Barbara Mikulski, Wes Moore, Sen, Ben Cardin, Barbara Lee, Lisa Blunt Rochester, Pamela Luckett, “ It’s, that’s, he’ll, Alsobrooks hasn’t, doesn’t, Joanne Benson, Donald Trump, It’s, Prince, Krystal Oriadha, you’re, — who’s, — doesn’t, ” Benson, She’s, Glynda Carr, Black, ” Carr, hasn’t, Pruitt Organizations: Maryland CNN, Democratic, Takoma Park, Prince, Senate, Goucher College Poll, Maryland, House Democratic, GOP Gov, Maryland Gov, Saint Anselm College, Reuters, Bowie, Democrats, PAC, Washington Post, Gov, California Rep, Spring, Republicans, NBC, CNN, Capitol, ”, GOP, AFI, NRA, Higher Locations: Maryland, Washington, Alsobrooks, Prince George’s County, George’s, Manchester , New Hampshire, Black, America, who’s, Delaware, Prince George’s, Higher Heights

☆ Hunter Biden gun case: Appeals court refuses to toss Delaware case
▼ + stars: | 2024-05-09 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A federal appeals court on Thursday rejected a request by Hunter Biden to toss the pending criminal gun case against him, saying that his appeal was premature. The ruling clears the way for Hunter Biden's trial in the case to start on June 3 in U.S. District Court in Delaware. Biden is the son of President Joe Biden. The appeals panel, whose decision was unanimous, did not rule on the merits of Biden's arguments that the indictment should be dismissed. If Biden is convicted at trial, he could renew the arguments for dismissal with the same appeals court that it declined to consider in its order Thursday.

Persons: Hunter Biden, Joe Biden, Hunter Biden's, Biden, Abbe Lowell, Lowell, Maryellen Noreika Organizations: Republican, O'Neill, 3rd Circuit U.S, Circuit, Supreme, U.S, District, Republicans Locations: Washington , U.S, U.S, Delaware, Congress

☆ Port of Virginia is making big changes to become No. 1 on the East Coast for super-sized ocean containerships
▼ + stars: | 2024-05-09 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

The dredging project is expected to be completed in Fall 2025, making the Port of Virginia the deepest and widest harbor on the East Coast. "Ultra-large container vessels have challenged every port," said Stephen Edwards, CEO of the Port of Virginia. Edwards said the port was able to quickly absorb Baltimore freight because of the ocean carrier service overlap in calling on the Port of Virginia, Baltimore and Port of New York/New Jersey. In January, the port became the first East Coast port to power all its terminals with 100% clean energy, eight years ahead of the 2032 target it set for that goal. The expansion will increase the fleet at NIT to 152 electric stacking cranes, seven electric rail cranes, and 31 electric ship-to-shore cranes.

Persons: Lori Ann LaRocco, Stephen Edwards, " Edwards, Edwards, It's, Good Hope, D'Andrae Larry, Larry, Jones, monopiles, Monopiles Organizations: NIT, CNBC, U.S ., Commonwealth, Walmart, Maersk, Port, Baltimore, Rail, Norfolk International, Uber, Virginia Department of Transportation, Dominion Energy, Rappahannock Electric Cooperative, ClearView Energy Partners, of Ocean Energy, U.S, District of Columbia, Dominion Locations: Port of Virginia, Port, Virginia, U.S . East Coast, Norfolk, Coast, of Virginia, East Coast, U.S, Delaware, South, Southeast Asia, Northeast Asia, India, Red, Suez, Good, Baltimore, Port of Baltimore, Port of New York, New Jersey, of Virginia's, Commonwealth, Norfolk , Virginia, East, Virginia Beach

☆ FTX bankruptcy plan: collapsed firm says it can pay most creditors back in full
▼ + stars: | 2024-05-08 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —FTX has recovered enough assets to pay most of its creditors back in full, the failed crypto exchange said late Tuesday as it unveiled a proposed reorganization plan. “The plan contemplates payment in full of all non-governmental creditors based on the value of their claims as determined by the (relevant) bankruptcy court,” FTX said in a statement. Ray, a restructuring specialist, took over as CEO in November 2022 to shepherd what was left of the firm through bankruptcy. “We are pleased to be in a position to propose a Chapter 11 (bankruptcy) plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors,” John J. Ray III, FTX CEO and chief restructuring officer, said in Tuesday’s statement. If his plan is approved by the United States Bankruptcy Court for the District Court of Delaware, FTX expects that 98% of its creditors will receive approximately 118% of the amount of their allowed claims, FTX said.

Persons: London CNN — FTX, ” FTX, FTX, Sam Bankman, Fried, ” John J, Ray III Organizations: London CNN, Alameda Research, Enron, United States Locations: Alameda, Delaware

☆ FTX Customers Poised to Recover All Funds Lost in Collapse
▼ + stars: | 2024-05-08 | by ( David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Customers of the failed cryptocurrency exchange FTX are poised to recover all of the money they lost when the firm collapsed in 2022 and receive interest on top of it, the company’s bankruptcy lawyers said on Tuesday. The announcement was a landmark in the attempt to recover the $8 billion in customer assets that disappeared when FTX imploded virtually overnight, setting off a crisis in the crypto industry. Those payments would flow from a pool of assets that FTX’s lawyers have pulled together in the 17 months since the exchange collapsed, the lawyers said. The amount owed to customers was calculated based on the value of their holdings at the time of FTX’s bankruptcy in November 2022. A customer who lost one Bitcoin when FTX imploded, for example, would be entitled to less than $20,000, even though a Bitcoin is now worth more than $60,000.

Persons: FTX Locations: Delaware

☆ Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
▼ + stars: | 2024-05-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Tesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her shares in the electric vehicle maker, according to a filing Monday, bringing her total stock sales this year to more than $50 million. Former Tesla Senior Vice President Drew Baglino, who announced his resignation in mid-April, sold shares worth around $181.5 million soon after his departure, according to a filing. In Denholm's early years on the Tesla board, she served on the audit committee. Before joining the Tesla board, Denholm served in executive roles at Sun Microsystems, and in finance roles at Toyota in Australia and at accounting firm Arthur Andersen. In her opinion, Chancellor Kathaleen McCormick wrote that by serving on Tesla's board, Denholm received "life-changing" compensation, which "far exceeded the compensation she received from other sources."

Persons: Robyn Denholm, Tesla, Denholm, Drew Baglino, Kathleen Wilson, Thompson, Elon Musk, hasn't, Musk, Arthur Andersen, —, Chancellor Kathaleen McCormick Organizations: Tesla Inc, American, of Commerce, Tesla, SEC, Sun Microsystems, Toyota Locations: Australia, Sydney, what's, Delaware

☆ Elon Musk is tightening his grip on Tesla
▼ + stars: | 2024-05-06 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Top Tesla exec Tom Zhu has been redeployed to China, Electrek reports. Several other top execs have left Elon Musk's company. Musk is consolidating power at Tesla as a vote over his $47 billion pay package looms. AdvertisementOne of Tesla's top executives has been reassigned to China in another sign that Elon Musk is tightening his grip on the electric carmaker. Prior to the move, Zhu had assumed more responsibilities at Tesla as Musk was increasingly occupied by X, according to Electrek.

Persons: Tom Zhu, —, Elon, Elon Musk —, Zhu, Musk, Zhu —, Tesla, Drew Baglino, Rohan Patel, That's Organizations: Elon Musk's, Service, China, X, Reuters, North, Business, Street Locations: China, Shanghai, Delaware

☆ Biden faces widening partisan split over Israel
▼ + stars: | 2024-05-06 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

CNN —President Joe Biden is facing more critical moments this week that will test his fraught relationship with his base over Israel’s war in Gaza and potentially widen the partisan split about the Jewish state that has been building for years. Against this backdrop, partisan polarization about Israel among American voters was already widening years before the brutal Hamas attack last October and the devastating Israeli response it triggered. An array of polls this spring show how the war in Gaza has hardened this partisan split. Nearly half of Democrats, but only a little over one-fifth of Republicans in the CBS poll, said the US should pressure Israel to stop the fighting. “Biden has a Democratic caucus that is putting a lot of faith in this process,” she said.

Persons: Joe Biden, Long, Benjamin Netanyahu, Netanyahu, “, ”, Aaron David Miller, Biden, Harry Truman, Lyndon B, Johnson, Jimmy Carter, Bill Clinton, Dwight Eisenhower, Richard Nixon, Ronald Reagan, George H.W, Bush, Reagan, George W, Donald Trump, Clinton, Barack Obama, Republicans —, Obama, Israel, Biden —, Gallup, Trump, That’s, Chuck Schumer, Mike Johnson, Biden’s, Jamaal Bowman, Cori Bush, Waleed Shahid, Shahid, David, it’s Goliath, David ”, Miller, “ Biden, ’ ”, Ben Rhodes, ” Biden, “ We’re, Saudi Arabia — “, Mark Mellman, Schumer, Sen, Bernie Sanders, Israel’s, Chris Murphy of, Chris Van Hollen, Chris Coons, Tim Kaine, Virginia, Van Hollen, Amanda Klasing, — Organizations: CNN, Israel, Republican, Democratic, Gallup Organization, Carnegie Endowment, International Peace, Holocaust Memorial, GOP, Whites, Republican Party, Republicans, Gallup, Trump, Chicago Council, Global Affairs, Quinnipiac University, CBS, Liberal, American Israel Public Affairs Committee, AIPAC, National Security Council, Amnesty International, Amnesty Locations: Gaza, Israel, United States, Iran, Quinnipiac, Washington, New York, Missouri, Yom Kippur, Saudi Arabia, Sens, Chris Murphy of Connecticut, Maryland, Delaware, Rafah

☆ These sisters became co-owners of the family farm at 22 and 24, joining the ranks of women as key decision-makers on farms
▼ + stars: | 2024-05-05 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +7 min

Rebekah Alstede Modery, left, and Sarah Alstede, sisters and co-owners of Alstede Farms in Chester, New Jersey. Courtesy: Alstede FarmsSisters Rebekah Alstede Modery and Sarah Alstede were raised on a New Jersey farm. In February, the sisters joined their father, Kurt Alstede, and their stepmother, Mary Thompson-Alstede, as co-owners of Alstede Farms. 'A huge undertaking' as a familyCo-owners of Alstede Farms from left to right: Mary Thompson-Alstede, Rebekah Alstede Modery, Kurt Alstede and Sarah Alstede. Rebekah Alstede Modery, left, and Sarah Alstede, sisters and co-owners of Alstede Farms in Chester, New Jersey.

Persons: Rebekah Alstede Modery, Sarah Alstede, Rebekah, Kurt Alstede, Mary Thompson, It's, Dominique Sims, NASS, Agriculture hasn't, Inwood, Lance Honig, Sarah, that's, Bernt Nelson, Rachel Schattman, Alstede Organizations: Delaware Valley University, CNBC, Centenary University, Alstede, National Agricultural Statistics Service, U.S . Department of Agriculture, The Ohio State University, Agriculture, Agricultural Resource Management, USDA Economic Research Service, American Farm Bureau Federation, University of Maine, Farmers Locations: Chester , New Jersey, New Jersey, Sarah, Agriculture, U.S

☆ From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry
▼ + stars: | 2024-05-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +18 min

Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. A month earlier, on the opposite coast in downtown Manhattan, FTX's Sam Bankman-Fried received a 25-year prison sentence for his crimes. At the beginning of his trial, SBF sported a fresh haircut and wore suits, but by its end, his curls were wild again. Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. watch nowMoney makes all the differenceUnlike SBF, CZ didn't have his wealth wiped out by bankruptcy of the crypto company he founded.

Persons: Sam Bankman, Zhao Changpeng, Mike Segar, Benjamin Girette, Changpeng Zhao, FTX's Sam Bankman, Fried, Zhao, Binance's Zhao, FTX's, Toyotas, Braden Perry, Perry, Manfred, SBF, Michael Lewis, Lewis, Sam didn't, Amr Alfiky, Sam, Caroline Ellison, —, Zhao's, Yi He, Binance, David Ryder, Yang, Rachel Zhao, Yesha Yadav, Yadav, Mark Bini, Lewis Kaplan, Bankman, Kaplan, perjured, Neama Rahmani, Rahmani, Tre Lovell, Zhao hasn't, Lovell, weren't, FTX Organizations: Reuters, Bloomberg, Getty, Department of Justice, CFTC, Stanford University's, Bankman, CZ, Staff, Reuters Prosecutors, Alameda Research, Vanderbilt University, Wall Street, CNBC, FTX, Emergency Economic, Justice Department, DOJ Locations: Seattle, Manhattan, California, Hong Kong, Bahamas, Palo Alto, U.S, New York City, Alameda, Seattle , Washington, Paris, France, Angeles, Binance, Dubai, Delaware

☆ What exactly goes into closing costs?
▼ + stars: | 2024-05-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

But there is an often-overlooked expense when buying a home: closing costs. At the same time, the Biden administration plans to take aim at so-called “junk fees” hidden in closing costs. New York, Delaware and Washington, DC, have the highest average closing costs, according to Bankrate; while Missouri, Indiana and North Dakota have the lowest. Lowering closing costs on your ownThere is one relatively simple way to lower your overall closing costs: shop around. “When you compare those offers, examine not just the rate itself but also the closing costs.

Persons: homebuyers, —, Biden, ” Jeff Ostrowski, , ” Ostrowski, you’re, homebuyers haven’t, Brian Connolly, it’s, “ It’s, ” Connolly, Connolly, ”, Freddie Mac, ” Genaro Villa Organizations: CNN, Consumer Financial, National Association of Realtors, realtors, University of Michigan, NAR, homebuyers Locations: New York , Delaware, Washington, Missouri, Indiana, North Dakota, Bankrate, AnnualCreditReport.com

☆ Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package
▼ + stars: | 2024-05-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Tesla's board urged shareholders in a video to vote for CEO Elon Musk's $47 billion pay package. AdvertisementTesla's board made yet another push to get CEO Elon Musk his $47 billion pay package — this time on-camera. But Musk's billions in extra pay were thrown out after a Tesla shareholder filed a lawsuit arguing the payout was excessive. The shareholder vote to bring back the pay for Musk, Denholm said, will be "incredibly important for the future of the company." Related storiesShe noted that the carmaker grew revenues from $11.8 billion to $96.8 billion and turned a $2.2 billion loss into a $15 billion profit under Musk's leadership.

Persons: Elon Musk's, —, Elon Musk, Robyn Denholm, it's, Denholm, Tesla, “, ”, AmfRYo28ah — Sawyer Merritt, Musk, Forbes Organizations: carmaker, Service, Securities and Exchange Commission, Business Locations: Delaware

☆ Alaska, Delaware, and West Virginia are the only states that still don't have a single billionaire resident
▼ + stars: | 2024-05-03 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Alaska, Delaware, and West Virginia aren't home to any billionaires, Forbes reported. AdvertisementAlaska, Delaware, and West Virginia are the only states that still don't have a single billionaire resident, according to a new report by Forbes. Forbes estimates that the West Virginia resident, who's also the president of Marshall University, was worth about $900 million as of March. AdvertisementTo be clear, Alaska, Delaware, and West Virginia are among the least-populated states in the US. According to Census Bureau estimates for 2023, Alaska was the fourth-smallest state or district in the US by population, Delaware was seventh-smallest, and West Virginia was 13th-smallest.

Persons: Forbes, —, Elon Musk, Mark Zuckerberg, Michael Bloomberg, Brad Smith —, who's, Elizabeth Snyder, Jonathan Rubini, Leonard Hyde, Hyde Organizations: Service, Forbes, New, Henley & Partners, Microsoft, Marshall University, Properties, Wall, Henley, Partners Locations: Alaska, Delaware, West Virginia, California, Alaska , Delaware, Texas, New York, Tex, Florida, . California, Austin, Scottsdale , Arizona, Palm Beach , Florida

☆ Biden presents Medal of Freedom to key political allies, civil rights leaders, celebrities and politicians
▼ + stars: | 2024-05-03 | by ( Michael Williams | Sam Fossum | ) edition.cnn.com time to read: +6 min

Washington CNN —President Joe Biden on Friday honored 19 Americans with the nation’s highest civilian honor, the Presidential Medal of Freedom - a diverse list that includes some high-profile Biden political allies, celebrities, civil rights leaders and even one of his former political rivals-turned-financial backer. The list included two of Biden’s core allies in the House of Representatives: former House Speaker Nancy Pelosi and South Carolina Rep. Jim Clyburn. President Joe Biden awards the Medal of Freedom to Democratic Rep. James Clyburn during a ceremony in the East Room of the White House on May 3, 2024 in Washington, DC. President Joe Biden presents the Presidential Medal of Freedom to Olympic swimmer Katie Ledecky during a ceremony at the White House in Washington, DC, on May 3, 2024. They are the pinnacle of leadership in their fields,” the White House said in the statement.

Persons: Joe Biden, Biden, Nancy Pelosi, Jim Clyburn, Pelosi, Donald Trump, “, ” Biden, “ Nancy, Paul, ” Clyburn, coalescing, Clyburn, James Clyburn, Kevin Dietsch, Jim, ”, Michael Bloomberg, Michelle Yeoh –, Barack Obama, Sen, Elizabeth Dole, Bob Dole, Al Gore –, John Kerry, George W, Bush, Gore “, Donald Trump’s, Kerry, Opal Lee, Medgar Evers, Frank Lautenberg, Jim Thorpe, Clarence B, Jones, Martin Luther King’s, Juneteenth, Judy Shepard, Matthew, Jane Rigby, Ellen Ochoa, Katie Ledecky, Phil Donahue, Greg Boyle, United Farm Workers Teresa Romero, Evelyn Hockstein, Simone Biles, John McCain, Gabby Giffords Organizations: Washington CNN, South Carolina Rep, Democratic, Representatives, Democratic Rep, White, New York, Bloomberg, Republican, Getty, Jesuit Catholic, United Farm Workers, Reuters “ Locations: South Carolina, Washington , DC, Florida, United States, North Carolina, Massachusetts, American, Delaware, Washington ,

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