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☆ Don’t launch a small business before asking yourself these 3 questions, says CEO
▼ + stars: | 2024-04-25 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Having an idea that you believe could become a lucrative business can bring a rush of excitement. Forvr Mood products can be found in Sephora stores nationwide, and sell direct-to-consumer via their website. Forvr Mood sold $700,000 worth of products within the first four hours of its launch, the company told Women's Wear Daily. "And when we started Forvr Mood, we started with candles and I was like, if [customers] are not here for it, I will be burning these candles by myself. Still, just because you're passionate about something doesn't mean it's a good business idea in and of itself.

Persons: Jackie Aina, Aina, fiancé, Denis Asamoah, Women's, DeAndre Brown, We're, Mark Cuban's Organizations: Amazon Insights

☆ Vending machine founders get $1.5 million 'Shark Tank' offer—despite a business model Mark Cuban called 'a huge mistake'
▼ + stars: | 2024-04-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Dan Braido, Audley Wilson and Andy Siegel are the co-founders of RoboBurger, which makes vending machines that dispense customized burgers — a concept they call "the future of fast food." Yet by the end of the episode, O'Leary teamed up with a guest judge, Fanatics CEO Michael Rubin, to offer the RoboBurger founders $1.5 million. Seeking $1.5 million despite no profitsThe trio of founders brought a vending machine for the judges to try. RoboBurger's vending machine on display on the set of ABC's "Shark Tank." At the time of filming, RoboBurger had been in "beta testing" for 18 months, with more than 12,000 burgers sold, the founders said.

Persons: Dan Braido, Audley Wilson, Andy Siegel, Kevin O'Leary, O'Leary, Michael Rubin, Rubin, Cuban, Christopher Willard, hadn't, Siegel, RoboBurger didn't, RoboBurger, Wilson Organizations: RoboBurger, Disney, Sharks Locations: Jersey City , New Jersey

☆ Nottingham Forest: Premier League club accuses official of supporting rival team in extraordinary social media post
▼ + stars: | 2024-04-22 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

CNN —Nottingham Forest has accused a Premier League refereeing official of being a fan of relegation rival Luton Town in an extraordinary social media post following the team’s 2-0 defeat by Everton on Sunday. “Three extremely poor decisions - three penalties not given - which we simply cannot accept,” the club wrote on X, formerly Twitter. “We warned the PGMOL [Professional Game Match Officials Limited] that the VAR is a Luton fan before the game but they didn’t change him. “The Premier League was extremely disappointed to read the comments made by Nottingham Forest on social media yesterday, following its match against Everton,” the league said in a statement on Monday. Catherine Ivill/Getty Images“It tells you where we are with the Premier League and the clubs now,” he said during post-match coverage Sunday.

Persons: Giovanni Reyna, Callum Hudson, Anthony Taylor, Stuart Attwell, “, NFFC, Jamie Carragher, ” Forest, Catherine Ivill, ”, “ Attwell, Taylor, Gary Neville, Attwell, Ashley Young’s, ’, Mark Clattenburg, victimised, ” Callum Hudson, Ashley Young, Andrew Yates, Jurgen Klopp, Nuno Espírito Santo, Neco Williams, Keith Hackett, they’ve, Hackett Organizations: CNN, Nottingham Forest, League, Luton Town, Everton, Sunday, Luton, Forest, English Football Association, Premier League, Sky Sports, Liverpool, Manchester United, Ashley Young’s handball, ’ Former Premier League, Daily Mail, BBC, Sheffield Locations: Luton, Manchester, ”, Liverpool, Clattenburg, Forest

☆ Here's what Mark Cuban's $275.9 million in taxes would cover for the US government
▼ + stars: | 2024-04-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

And yes, we know Cuban's tax bill won't go directly to paying for these programs, but for the sake of context, here's what his taxes could have funded. Cuban's $275.9 million contribution to the US government could fully back the department with nearly half still left over. Cuban's million could easily cover congressional paychecks and even account for President Joe Biden's $400,000 salary and Vice President Kamala Harris' $235,100 salary. So, Cuban's $275.9 million wouldn't quite be able to cover the potential three-hour DOD cost at $291,095,890.41. While $275.9 million might not seem like it would make a dent in that astronomical number, every little bit helps!

Persons: Mark Cuban, Donald Trump, —, Joe Biden, Jill Biden, Joe Biden's, Kamala Harris, It's Organizations: Service, Trump, Business, Government, Fund, NTSB, Transportation Safety Board, Transportation, DOD, Department of Defense, CNBC

☆ Mark Cuban is ‘proud to pay’ $275.9 million in taxes: 'It’s crazy and unreal in so many ways'
▼ + stars: | 2024-04-15 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

"I pay what I owe," Cuban wrote on social media site X on Sunday. Long-term capital gains taxes apply to the sale of assets held for more than a year before they are sold. Capital gains rates are based on total taxable income and are generally lower than ordinary income rates. Paying more than a quarter of a billion dollars is "crazy and unreal in so many ways," Cuban wrote on X. "Some people might find it distasteful to pay taxes," Cuban wrote.

Persons: Mark Cuban Organizations: CNBC, Dallas Mavericks, Capital Locations: U.S, Cuban

☆ 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

☆ Mark Cuban shares his No. 1 favorite way to inspire young kids—it's as easy as pointing to a lightbulb or chair
▼ + stars: | 2024-04-14 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Mark Cuban has a simple tactic for inspiring young kids — and getting them to think about their own limitations, or lack thereof. "I get emails [from] kids around the world, because 'Shark Tank' is shown everywhere, asking me business questions," Cuban recently told the "Lex Fridman Podcast." The tactic is as simple as pointing to a lightbulb or chair. "When I go talk to elementary school kids, one of the things I do, I say, 'OK, let's look around. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Mark Cuban, Lex Fridman, Mary Murphy, Murphy, that's Organizations: Indiana University, CNBC, Cuban, CBS

☆ Mark Cuban says his leadership style cost him $100,000 in fines after he bought the Dallas Mavericks
▼ + stars: | 2024-04-12 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Not even a six-figure fine can get Mark Cuban to change his leadership tactics. A year later, he was fined $100,000 by the league for his unconventional methods of team leadership, he tells CNBC Make It. At the time, Cuban was 41 and full of energy after buying his way into his dream job. He still leans on his interpersonal leadership approach today, often providing advice, building connections and offering mentorship to contestants on ABC's "Shark Tank." If you're struggling with your own leadership style, Cuban recommends figuring out what being a leader actually means to you.

Persons: Mark Cuban, he'd, Draymond, Cuban, David Stern, Stern Organizations: Cuban, Yahoo, NBA's Dallas Mavericks, CNBC, NBA, Mavericks, National Society of Leadership

☆ Mark Cuban says there is one thing that he wishes Americans understood better about the economy in an election year
▼ + stars: | 2024-04-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Mark Cuban is worried that Americans will put too much emphasis on the economy when voting this fall. He argued that presidents have little impact on the economy. Polls show Americans still consider the economy a top issue for the election. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When asked what he wished more people understood about the economy, especially during an election year, he wrote in an email, "how little impact any president has."

Persons: Mark Cuban, —, Joe Biden, Donald Trump Organizations: Service

☆ Banks say they’re meeting climate pledges. A new report says they’re ineffective
▼ + stars: | 2024-04-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Why gold prices are at record highsFrom central banks to Costco customers, it seems everyone is buying gold these days, reports CNN’s John Towfighi. Central banks see gold as a long-term store of value and a safe haven during times of economic and international turmoil. When interest rates fall, gold prices tend to rise, as bullion becomes more appealing than income-paying assets like bonds. The People’s Bank of China bought gold for the 17th straight month in March, adding 160,000 ounces to bring reserves to 72.74 million troy ounces of gold, according to Reuters. The Honest Company posted a strong fourth quarter in March.

Persons: –, ” Mark Carney, ”, GFANZ, Jamie Dimon, ” Dimon, JPMorgan, CNN’s John Towfighi, China —, Read, Jessica Alba, Ramishah Maruf, Alba’s, Chuck Organizations: CNN Business, Bell, New York CNN, European Central Bank, Glasgow Financial Alliance, UN, Bank of England, ECB, MIT, Columbia Business School, Zero Banking Alliance, United Nations, decarbonization, CNN, JPMorgan Chase, State, JPMorgan, Investors, Federal Reserve, China, People’s Bank of China, Reuters, UBS, The Honest, The Honest Company, Honest, Nasdaq Locations: New York, Glasgow, China, India, Turkey

☆ Jamie Dimon says AI could be as transformative as electricity or the internet—here's how to invest
▼ + stars: | 2024-04-09 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

JPMorgan Chase CEO and chairman Jamie Dimon believes artificial intelligence innovations will have as big of an impact on society as the invention of electricity and the internet. JPMorgan Chase began using AI over a decade ago, Dimon said in the letter. Additionally, JPMorgan Chase invests $12 billion annually in a wide variety of technologies, including AI. Dimon likening AI innovation to the invention of the internet suggests the tech's impact may be felt beyond the business world. In a Nov. 9 blog post, Microsoft co-founder Bill Gates said AI "will utterly change how we live our lives, online and off."

Persons: Jamie Dimon, Dimon, JPMorgan Chase, he's, Mark Cuban, I've, Bill Gates Organizations: JPMorgan Chase, JPMorgan, CNBC, Microsoft

☆ Donald Trump crashes out of the Bloomberg rich list due to his meme stock nosediving
▼ + stars: | 2024-04-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

TMTG stock has plunged 53% from its intraday peak two weeks ago, slashing Trump's net worth. AdvertisementDonald Trump has crashed out of the ranks of the world's 500 wealthiest people after the value of his meme stock nosedived. The former president has fallen off the Bloomberg Billionaires Index as his net worth has dropped below the $5.8 billion required to make the cut. AdvertisementTMTG shares hit an intraday high of $79 on March 26, valuing Trump's stake at close to $6.3 billion. That's still more than 1,200 times the $4.1 million of revenue it earned last year, which fueled a net loss of $58 million for Truth Social's parent company.

Persons: Donald Trump, —, Forbes, Trump, George Soros, Mark Cuban, Giorgio Armani, Reed Hastings, Bernie Marcus, Ralph Lauren, TMTG Organizations: Service, Bloomberg, Trump Media & Technology, TMTG, Paramount, Etsy, Hasbro, American Airlines Locations: Monday's

☆ Mark Cuban says everyone has the potential to be ‘world-class great’ at one thing—here’s how to identify yours
▼ + stars: | 2024-04-07 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Mark Cuban believes you're capable of greatness — as long as you stay open-minded enough to discover your strengths. "I'm a hardcore believer that everybody has something that they're really, really, really good at — that could be world-class great. "I [only] took one technology class in college, Fortran programming, and I cheated on it," Cuban said. "That's when I realized that I can be really, really good at technology." After getting fired from that sales job, Cuban started a software company called MicroSolutions, which he sold to CompuServe for $6 million in 1990.

Persons: Mark Cuban, Lex Fridman, he'd, Cuban Organizations: Cuban, Mellon Bank, Mellon, CompuServe, Yahoo, CNBC Locations: Pittsburgh, Dallas, Cuban

☆ Elon Musk says competition for AI engineers is 'the craziest talent war I've ever seen!'
▼ + stars: | 2024-04-04 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

"The talent war for AI is the craziest talent war I've ever seen!" Advertisement"They have been aggressively recruiting Tesla engineers with massive compensation offers and have unfortunately been successful in a few cases," Musk wrote about OpenAI. Related storiesMusk and xAI didn't immediately respond to a request for comment from Business Insider before publication. AdvertisementHiking salaries is one of a series of tactics Big Tech leaders use to recruit the best AI talent. "There is undoubtedly a shortage in AI talent," Libre says.

Persons: —, Elon Musk, Tesla, Ethan Knight, Knight, Musk, didn't, Alex Libre, Mark Zuckerberg, Google's, Sergey Brin, Mustafa Suleyman, Google's DeepMind, Aravind Srinivas, J.T, O'Donnell Organizations: Service, Business, Autonomy, Big Tech, Meta, Google, OpenAI, Companies Locations: OpenAI

☆ Mark Cuban is doubling down on backing DEI, saying it's boosted his bottom lines
▼ + stars: | 2024-04-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

I know DEI is a positive because I see its impact on bottom lines. Cuban told BI. Advertisement"You may not agree, but I take it as a given that there are people of various races, ethnicities, orientation, etc that are regularly excluded from hiring consideration," Cuban told Musk in January. In March, Cuban told podcaster Lex Fridman that "it's fun to engage" with Musk on diversity initiatives. "When we start talking about DEI and that it's de facto racist — this stuff that I just think is nonsense — I have no problem sharing my opinion," Cuban told Fridman.

Persons: —, Cuban, That's, Christopher Rufo, Jordan Peterson, Peterson, Christopher, Jordan, — Mark Cuban, Elon, Musk, podcaster Lex Fridman, Fridman Organizations: Service, Business, Twitter, BI, Fortune, DEI Locations: Cuban

☆ The allure of fasting diets for successful people — and where it falls short
▼ + stars: | 2024-04-03 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +16 min

Intermittent fasting diet plans, meal kits, fitness trackers, and biological age tests can all offer something to busy people who want to feel in control. More than one in 10 Americans (12%) tried intermittent fasting in 2023, according to one food and beverage industry-backed survey. The business of intermittent fasting phone apps is blossoming and is on track for more growth in the next five to 10 years. There are many ways to do intermittent fasting — from skipping breakfast to whole days without foodPeople have been fasting for as long as people have been people. AdvertisementThe case against fasting to lose weight and live longerFirefighters in San Diego tried intermittent fasting out during the pandemic, with good results.

Persons: —, Chris Hemsworth, Podcaster Andrew Huberman, Hugh Jackman, Dwayne, Johnson, Terry Crews, It's, Sam Altman, biohacking, Dave Asprey, Gary Vaynerchuk, Bryan Johnson, Jack Dorsey, it's, Hippocrates, Daniel Belsky, There's, Satchidananda Panda, I've, Krista Varady, Dr, Peter Attia, you've, Satchidananda, He's, Randy Shropshire, nix, Valter Longo, Longo, Belsky, Stephen Kritchevsky, Mark Cucuzzella, Nir Barzilai, Nir Barzilai Nir Barzilai, Barzilai, Panda, That's, Cucuzzella Organizations: Service, Business, Columbia University, 16ers, Salk Institute for Biological Studies, University of Illinois, Getty, Cancer, gerontology, USC, Firefighters, Wake Forest University, West Virginia University School of Medicine, Institute for Aging Research, Albert Einstein College of Medicine Locations: Greece, Chicago, San Diego, New York

☆ Mark Cuban says he broke his No. 1 negotiating rule to buy the Dallas Mavericks: 'I was just like, yes'
▼ + stars: | 2024-04-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: 1 min

On television, Mark Cuban is a savvy and patient negotiator. But when the entrepreneur was a newly minted billionaire with cash to spend, he used a different tactic to buy the NBA's Dallas Mavericks. "It was all about fun," Cuban, 65, told NBA player Draymond Green's podcast, "The Draymond Green Show," on Monday. The following year, Cuban — a self-proclaimed basketball junkie — acquired a majority stake in the Mavericks for $285 million, from real estate developer Ross Perot Jr. The moment the deal was signed, Cuban hit the ground running, he told Green: "It was done.

Persons: Mark Cuban, Draymond, —, Ross Perot Jr, Green Organizations: Dallas Mavericks, Yahoo, Mavericks Locations: Cuban

☆ Mark Cuban says pushing back against Elon Musk on X is fun: 'I have no problem sharing my opinion'
▼ + stars: | 2024-04-02 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +1 min

Mark Cuban says he enjoys his online sparring matches with Elon Musk. Cuban told podcaster Lex Fridman that he likes pushing back on Musk's platform. AdvertisementMark Cuban is having fun prodding Elon Musk. And Cuban says he enjoys poking the bear — even if his discussions about DEI with the tech mogul aren't always fruitful. He just comes back with snark comments," Cuban said in an interview on the Lex Fridman Podcast.

Persons: Mark Cuban, Elon Musk, podcaster Lex Fridman, —, Musk, aren't, Lex Fridman Organizations: Elon, Service, Business

☆ The day Mark Cuban became a millionaire, he took off his watch and threw it away—here’s why
▼ + stars: | 2024-03-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

That same day, he took off his watch and threw it away, he said at a SXSW panel earlier this month. "This time wasn't spent to learn about what my dad did, but to learn that his job didn't have a future," Cuban said. "[Buying a private plane] was my all-time goal because the asset I value the most is time, and that bought me time," Cuban told told Money in 2017. Today, Cuban wears an Apple Watch to track his health metrics, he said at SXSW — but it hasn't changed his stance on time. "I wanted to make enough money so I didn't have to respond to anybody else," Cuban said in a recently released MasterClass course.

Persons: splurging, Mark Cuban, wasn't, Cuban's, Cuban, hasn't Organizations: CNBC, Yahoo, Guinness, World Records, Cuban, Apple Watch, SXSW, Dallas Mavericks, Cost Locations: Pittsburgh

☆ US Marines train for war with China on an island-hopping battlefield, report says
▼ + stars: | 2024-03-30 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +6 min

New US Marine formations are learning to battle adversaries like China on remote islands. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS Marines are learning how to battle adversaries like China on remote islands in response to rising tensions in the Pacific, a report says. Pentagon experts expect that US satellites will be jammed or destroyed by China in the event of a potential war, the Post noted. In 2021, The Washington-based think tank, the Center for Strategic and International Studies, conducted war games to imagine how a war between China and the US over Taiwan would play out.

Persons: —, John Aquilino, We've, Col, John Lehane, Lehane, Lewis B, Puller, Sarah Stegall, Mark Cancian Organizations: The Washington Post, Service, US Navy, US Armed Services House, China US, 3rd Marine Littoral Regiment, 3rd, Littoral, Pentagon, Marine, 15th Marine Expeditionary Unit, Marine Corps, US Marine Corps, Marines, Center for Strategic, International Studies, US Air Force Locations: China, Pacific, Beijing, Taiwan, Japan, Philippines, Inner Mongolia, Sarah Stegall China, South, The Washington, United States

☆ Mark Cuban won't vote for Trump for 1 big reason: turnover rate
▼ + stars: | 2024-03-30 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The Trump White House experienced a record turnover rate, a Brookings Institution study showed. Billionaire Mark Cuban says that's one reason he won't vote for Donald Trump. Still, those numbers reflect a relatively stable presidency — especially, as Cuban noted, when comparing the turnover rate to Trump's White House. According to the study, that was the highest first-year turnover rate for any presidency in at least four decades. By the end of his administration, the Trump White House saw a 92% turnover rate during his time in office.

Persons: Billionaire Mark Cuban, Donald Trump, Biden hasn't, Cuban, podcaster Lex Fridman, —, Mark Cuban, Lex Fridman, Joe Biden, Biden, Fridman, he's, hasn't, who's, Marcia L, Fudge, Marty Walsh, Trump, Biden's, George H.W Organizations: Trump White House, Brookings, Billionaire, Service, Trump, Cuban, Biden Administration, Urban Development, Labor, Brookings Institution, Trump White, Obama Administration, Biden, Republican Locations: Cuban, Bush, Brookings

Yet the idea of building rosters of paid political contributors took off with cable news. MSNBC, CNN and Fox News Channel are, in large part, political talk channels and seek experts to help fill the time. Being on call to opine can be lucrative work; several reports had NBC agreeing to pay McDaniel $300,000 a year. Even NBC News, whose MSNBC cable outlet appeals to liberals, has more than a dozen Republican contributors. John Kasich and Bulwark founder Charlie Sykes — either predate Trump in their active political work or oppose him, or both.

Persons: —, Ronna McDaniel, Donald Trump, McDaniel, Chuck Todd, Rachel Maddow, Cesar Conde, ”, Mark Whitaker, Shana Alexander, James Kilpatrick's, George Stephanopoulos, Tim Russert, Michael Steele, John Kasich, Charlie Sykes —, MAGA, Reince Priebus, Mick Mulvaney, Mulvaney, Priebus, Tom Bossert, Alyssa Farah Griffin, Trump, David Urban, Mark Esper, Griffin, Mike Pompeo, Alex Conant, Mark Lukasiewicz, ” Lukasiewicz, “, Jay Rosen, NBC's Conde, McDaniel didn't, Joe ”, Mika Brzezinski, That's, ” Conant, Brian Roberts, Conde, Rebecca Blumenstein, Rashida Jones, Carrie Budoff Brown, Jones, Margaret Sullivan, ___ David Bauder Organizations: NBC News, Republican National Committee, GOP, Republican, NBC Universal, MSNBC, CNN, Fox News, NBC, RNC, Ohio Gov, Trump, CBS, ABC News, Trump Homeland Security, Networks, Hofstra, “ Journalists, New York University, ” Networks, Republicans, Comcast, Washington Post, Center for Journalism, Columbia University, Guardian, Associated Press Locations: Washington, MSDNC

☆ Leaked emails from inside Walmart Global Tech reveal over a dozen 'major incidents' this quarter
▼ + stars: | 2024-03-28 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

Walmart's internal systems had more than a dozen "major incidents" in the last two months alone. An additional two major incidents occurred this past weekend, the person said. Walmart's global technology platform runs the retailer's core business operations, including in-store point-of-sale systems, e-commerce, and distribution and fulfillment centers. Internal emails obtained by BI show that Walmart's business is interrupted by issues with its global tech platform at a far more frequent rate than previously reported. Last year, Walmart spent $11.8 billion on supply chain, customer-facing initiatives, and technology, according to a recent SEC filing, up from $9.2 billion the year before.

Persons: Mark Cohen, Daniel McCarthy, Jessica Ramírez, Jane Hali, " Ramirez, Cohen, Ellen Thomas Organizations: Walmart's, Business, BI, Walmart, Street, Amazon, SEC, Columbia Business School, Emory, Goizueta Business

☆ CNBC Daily Open: A key inflation gauge in focus
▼ + stars: | 2024-03-28 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Yellen on China dumpingU.S. Treasury Secretary Janet Yellen warned that China is dumping its surplus of solar panels and EVs on global markets, distorting market prices. This signals Beijing's latest efforts to boost foreign investment in China as relations with the U.S remain fraught. Investors anxious over a market decline should hedge their positions to limit risk in financial assets, according to fund managers.

Persons: Janet Yellen, Yellen, Xi Jinping, Stephen Schwarzman, Cristiano Amon, Mark Carney, Francis Scott Key, David Neuhauser Organizations: CNBC, Dow, Treasury, U.S, Blackstone, Qualcomm, Bloomberg, Francis Scott Key Bridge, Livermore Partners Locations: Yellen, China, U.S, Baltimore, Port of Baltimore

☆ CNN Exclusive: Conservative bigwig Matt Schlapp agreed to hefty settlement to end sexual assault lawsuit
▼ + stars: | 2024-03-27 | by ( Jamie Gangel | Gregory Krieg | ) edition.cnn.com time to read: +6 min

CNN —The Republican operative who accused American Conservative Union chairman Matt Schlapp of sexual assault last year received a significant financial settlement in exchange for dropping his lawsuit against Schlapp, multiple sources familiar with the case told CNN. The $480,000 settlement was paid to Carlton Huffman through an insurance policy, according to a source familiar with the details. The original lawsuit filed by Huffman against Schlapp asked for more than $9 million in damages. Huffman told CNN that Schlapp made unwanted sexual advances, including groping and fondling his groin without consent, on the ride back from two Atlanta-area bars on October 19, 2022. A former official on the Walker campaign told CNN he does not believe the settlement exonerates Schlapp.

Persons: Matt Schlapp, Schlapp, Carlton Huffman, Huffman, “, ” Schlapp, ”, ” Huffman, Tim Hyland, Mark Corallo, Donald Trump, George W, Bush, Mercedes Schlapp, Republican Herschel Walker’s, Charlie Gerow, Walker, Carlton, Huffman’s, ” “ Organizations: CNN, Republican, American Conservative, ACU, Washington Examiner, Political, Conference, House, Georgia GOP, Republican Herschel Walker’s Senate Locations: Atlanta, CPAC, Walker’s, Raleigh , North Carolina

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