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☆ Secret to Startup Success: Being an Obnoxious Risk-Taker
▼ + stars: | 2024-08-13 | by ( Nate Silver | ) www.businessinsider.com time to read: +11 min

Of the billionaires on the 2023 Forbes 400 list — the 400 richest people in the United States — 70% are basically self-made. In 1982, only 40% of the Forbes 400 had started their own business; the majority were simply scions of inherited wealth. The Forbes 400, however, is the extreme right tail of the curve. But you're not sniffing the Forbes 400 list, where the bidding starts at about $3 billion. I don't think VCs are deliberately picking founders they think are unreliable, although sometimes it seems like it.

Persons: Raj Chetty, That's, Chamath Palihapitiya, Palihapitiya, Josh Wolfe, Wolfe, Elon Musk, Thiel, Jeff Bezos, we're, Sam Bankman, Andreessen Horowitz, A16z, Adam Neumann, Neumann, WeWork, Marc Andreessen, Ben Horowitz, Horowitz, they've, Benchmark's Gurley, Gurley, Nate Silver Organizations: Forbes, United States —, Social Capital, Burger, Lux, VCs, New York Times, Penguin Press, Penguin Publishing, Penguin Random Locations: United States, America, Sri Lanka, Canada, Coney, Israeli, Silicon, Canyon Point , Utah

☆ Elon Musk gave a new reason why X had another meltdown introducing a Republican presidential candidate
▼ + stars: | 2024-08-13 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

CNN —Elon Musk said an attack on X delayed his interview with former President Donald Trump by 42 minutes. But Musk also blamed mistakes by X’s staff for the snafu that prevented people from joining the stream. On his social media platform, Truth Social, Trump had called DeSantis’ technical difficulties on X a “disaster,” which Vice President Kamala Harris’ campaign reposted during the meltdown Monday night. But when people tried to access the Trump interview at the scheduled 8 pm ET start time, they were greeted with grayed out screens and were unable to join. Eventually, the interview began, and both X and Musk claimed it was a success.

Persons: CNN — Elon Musk, X, Donald Trump, Musk, ” Musk, ”, Ron DeSantis ’, Trump, Kamala Harris ’, Linda Yaccarino Organizations: CNN, Florida Republican, Twitter, Trump Locations: Florida

☆ Trump Media tumbles for a 2nd day after the former president returns to X and interviews with Elon Musk
▼ + stars: | 2024-08-13 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Shares of Trump Media dropped almost 4% Tuesday following the former president's interview with Elon Musk. Truth Social's latest earnings show the social media company is still struggling to turn a profit. AdvertisementShares of Donald Trump's media company tumbled for a second day on Tuesday after the former president returned to his firm's top rival after a three-year hiatus. In earnings released last week, Trump Media posted a $16 million loss and a decline in revenue in the most recent quarter. Trump's interview with Musk, streamed on X, lasted over two hours and attracted as many as 1.3 million listeners.

Persons: Elon Musk, —, Donald Trump's, Trump, Twitter —, Musk, Kamala Harris Organizations: Trump Media, Elon, Trump, Service, Truth, Capitol, Twitter, Republican, National Association of Black Journalists Conference Locations: Georgia, Chicago, Palm Beach , Florida

☆ Elon gave Trump 1 million listeners. Trump gave his greatest hits.
▼ + stars: | 2024-08-13 | by ( Katherine Tangalakis-Lippert | John L. Dorman | ) www.businessinsider.com time to read: +6 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFormer President Donald Trump and Tesla CEO Elon Musk on Monday held a much-anticipated conversation live-streamed through Musk's social media platform, X. After a 42-minute delay, Musk began the stream by saying, "This massive attack illustrates there's a lot of opposition to people just hearing what President Trump has to say." Musk said he'd be "happy to help out" with a government efficiency commission, which Trump seemed open to, saying: "You're the greatest cutter." So every one of you is gone, and you are the greatest," Trump said, praising Musk.

Persons: —, Donald Trump, Elon Musk, Musk, Ron DeSantis, Trump, Kamala Harris, — she's, Biden, Tesla, Harris, 4ZGWHV49Mw — Kamala, Elon, Joe Biden Organizations: Service, Tesla, Florida Gov, Business, RNC, Trump, National Labor Relations, Reuters, of Education, SpaceX, Musk Trump, GOP Locations: Venezuela, United States, Mexico, California, Paris

☆ UAW files federal labor charges against Donald Trump and Elon Musk after threatening workers on X interview
▼ + stars: | 2024-08-13 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

CNN —The United Auto Workers union on Tuesday filed federal labor charges against former President Donald Trump and Tesla CEO Elon Musk for threatening to intimidate workers who go on strike. Trump called Musk “the cutter,” and praised Musk for his anti-union stances. “Both Trump and Musk want working class people to sit down and shut up, and they laugh about it openly. But it’s not clear that Trump was referencing any specific workers Musk fired for organizing against his company. Harris’ campaign circulated the clip of Trump and Musk, saying: “Trump praises billionaire Elon Musk for firing workers who were striking for better pay and working conditions.”

Persons: Donald Trump, Elon Musk, Musk, Trump, ” Trump, Shawn Fain Elizabeth Frantz, Kamala Harris, “, ”, Shawn Fain, Joe Biden, Fain, Tesla, ” Fain, ” Tesla, they’re, Harris ’, “ Trump Organizations: CNN, United Auto Workers, Tesla, ’, UAW, Trump, National Labor Relations Board, General Motors, Ford, NLRB, Workers Locations: American, Buffalo , New York

☆ Trump called inflation a disaster for consumers — and Musk blamed it on government waste
▼ + stars: | 2024-08-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Donald Trump and Elon Musk called out the pain caused by high levels of inflation in recent years. Trump bemoaned that people can't afford groceries and savers have been "decimated" by rising prices. Musk blamed inflation on government overspending and pushed for deregulation to bring down costs. Go to newsletter preferences Thanks for signing up! AdvertisementDonald Trump and Elon Musk lamented the brutal impact of rising prices in their X Spaces conversation on Monday.

Persons: Donald Trump, Elon Musk, Trump, — Organizations: Service, Elon, Business

☆ Stock market today: Indexes climb as producer inflation comes in cool
▼ + stars: | 2024-08-13 | by ( Max Adams | ) www.businessinsider.com time to read: +4 min

Stocks were higher on Tuesday after PPI showed wholesale inflation was less than expected in July. Investors are now bracing for the consumer inflation reading due out on Wednesday. AdvertisementUS stocks were up on Tuesday after the producer price index for July showed wholesale inflation rose less than expected. Data from the Bureau of Labor Statistics showed that producer prices increased 0.1% last month compared to estimates of 0.2%. The cooler-than-expected reading should boost optimism for consumer prices to show a decline in inflation when the consumer price index is released on Wednesday.

Persons: —, Chris Zaccarelli, Laxman Narasimhan, Brian Niccol, Elon Musk Organizations: PPI, Investors, Service, Bureau of Labor Statistics, Federal Reserve, Fed, Depot, Bank of America, Starbucks, Trump Media, Elon

Read previewElon Musk and former President Donald Trump live-streamed a wide-ranging discussion on Monday, eliciting reactions from tech and business leaders. Gavin Newsom of California, who has a strained relationship with Musk, got a jab in at both the X CEO and the GOP nominee. Related storiesMark PincusMark Pincus, the founder of Zynga, the gaming company behind FarmVille, praised the former president during the conversation with Musk. Pincus said in an X post. The Harris campaignVice President Kamala Harris' campaign hit out at both Musk and the Trump campaign right after the livestream ended in a statement on X.

Persons: —, Elon Musk, Donald Trump, Mark Cuban Mark Cuban, Michael Reaves, Joe Raedle, Mark Cuban, Musk, Trump, Gavin Newsom Gov, Gavin Newsom, Newsom, Ron DeSantis, DeSantis, Aaron Levie, Justin Sullivan, Hannibal Lecter, Levie, Mark Pincus Mark Pincus, Pincus, Elon, David Sacks David Sacks, Sacks, Biden, Harris, Kamala Harris, Donald Trump's Organizations: Service, Trump, Business, Getty Images, Getty, GOP, Lambs, Zynga, Craft Ventures, Democratic, Hollywood Locations: Cuban, California, FarmVille

☆ WSJ's Tim Higgins on the key takeaways from Elon Musk's interview with Trump
▼ + stars: | 2024-08-13 | 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 EmailWSJ's Tim Higgins on the key takeaways from Elon Musk's interview with TrumpTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss Elon Musk's conversation with former President Trump, key takeaways from the interview, whether the event helps X going forward, and more.

Persons: Tim Higgins, Elon Musk's, Trump Tim Higgins, Elon, Trump Organizations: Trump, Wall Street Journal

☆ The biggest change in the polls since Biden’s exit: From the Politics Desk
▼ + stars: | 2024-08-12 | by ( The Politics Desk | ) www.nbcnews.com time to read: +5 min

In July’s NYT/Siena poll of Pennsylvania, Biden’s popularity was well underwater among likely voters, with 39% viewing him favorably and 59% viewing him unfavorably (-20 net rating). By comparison, 45% had a favorable view of former President Donald Trump, while 52% had an unfavorable view (-7 net rating). Half of likely voters view Harris favorable and 48% view her unfavorably (+2 net rating) in Pennsylvania. As for Trump, his rating in Pennsylvania is now at 48% favorable and 51% unfavorable (-3 net rating). When the three battleground state polls are combined, 46% of likely voters hold a favorable view of him, while 53% hold an unfavorable one (-7 net rating).

Persons: Mark Murray, Kamala Harris, Adam Wollner, Vaughn Hillyard, Donald Trump, Elon Musk, Harris, Joe Biden, That’s, Biden, Trump, it’s, Vaughn Hillyard Elon Musk, Musk, Mayra Flores, Ron DeSantis, ” Trump, ”, —, DeSantis Organizations: NBC, White House, Capitol, Elon, New York Times, Siena College, NYT, Democratic, Getty, Twitter, U.S . Capitol, Republican, Trump Locations: Michigan , Pennsylvania, Wisconsin, Siena, Harris, Pennsylvania, In Pennsylvania, Trump’s, Texas

Shares in Trump Media and Technology Group were down about 7% on Monday afternoon after the company reported scant revenues and a net loss in its first full quarter as a public company. Meanwhile, Donald Trump returned to X early Monday in advance of his interview with X owner Elon Musk later in the day, raising some doubt about whether Trump would continue favoring Truth Social, the social media platform owned by Trump Media. Shares in Trump Media have been subject to significant volatility since it began trading in late March thanks in part to competing bets from Wall Street traders about how much the stock would fall. With rare exceptions, Trump has almost exclusively posted to Truth Social since the platform came into being in February 2022. They’re coming after you.”In its quarterly report, released late Friday, Trump Media addressed the launch of its streaming service, Truth+, this month.

Persons: Donald Trump, Elon Musk, Trump, “, Mr, Musk, “ They’re, They’re, Devin Nunes Organizations: Trump Media, Technology Group, X, Trump, Wall, Republican, Trump Media's, Social, Big Tech Locations: California

After tearing into each other in the past, the world's richest person and Republican presidential nominee have become close political allies. December 2016: Musk appointed to Trump's advisory councilsDonald Trump on Tuesday escalated his feud with Elon Musk in a series of Truth Social posts belittling the billionaire. May 2022: Musk said he would reinstate Trump's Twitter accountTesla CEO Elon Musk. "You know [Musk] said the other day 'Oh, I've never voted for a Republican,'" Trump said during a Saturday rally in Anchorage, Alaska. AdvertisementJuly 2022: Musk says Trump shouldn't run againElon Musk.

Persons: —, Elon, Donald Trump, Trump, Musk, Yasin Ozturk, Hillary, Elon Musk, Evan Vucci, Uber, Travis Kalanick, flack, Alex Brandon, Musk's, Tesla, Justin Sullivan, He's, Thomas Edison, Jonathan Ernst, Chris Saucedo, unban Trump, Patrick T, Fallon, I've, Alexi Rosenfeld, getty, Seth Herald, Twitter, Ron DeSantis, DeSantis, David Sachs, John Moore, Joe Biden, Ohio Sen, JD Vance, Vance, MAGA, Biden, Kamala Harris, Harris Organizations: Service, Trump, Twitter, Business, CNBC, Elon, White, SpaceX, Donald Trump AP, America, Ford, General Motors, NASA's Kennedy Space Center, REUTERS, SXSW, Financial Times, US, Getty, Republican, and Freedom Coalition, White House, Radical Left, Florida Gov, The New York Times, GOP, Times, Republican National Convention, Ohio, Wall Street, Democratic Locations: United States, Paris, Anchorage , Alaska, California, Cape Canaveral , Florida, U.S, Nashville , Tennessee, Musks, Silicon Valley, Mexico, Eagle Pass , Texas, Eagle, , Texas, Washington, Ukraine, Lago, Harris

☆ Elon Musk is hosting a live interview with Trump on X, and he's trying really hard to avoid a repeat of the Ron DeSantis campaign launch meltdown
▼ + stars: | 2024-08-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk says he's doing multiple "system scaling tests" ahead of his livestream with Donald Trump. Musk's X platform crashed repeatedly when it hosted Ron DeSantis' campaign launch last year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt looks like Elon Musk is pulling out all stops to ensure that his upcoming interview with former President Donald Trump on Monday doesn't go awry. "Am going to do some system scaling tests tonight & tomorrow in advance of the conversation with Donald Trump," Musk wrote in an X post on Sunday night.

Persons: Elon Musk, Donald Trump, Ron DeSantis, DeSantis, Trump, —, Elon, Musk, livestreaming Organizations: Service, Business

☆ SpaceX repeatedly polluted waters in Texas this year, regulators found
▼ + stars: | 2024-08-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +5 min

"In total, the Harlingen region received 14 complaints alleging environmental impacts from the Facility's deluge system," the regulator said in the document. Water deluge systems with flame deflectors diffuse heat, sound and energy generated by orbital test flights and rocket launches. SpaceX ran its first full-pressure test of the water deluge system in July 2023. The company hit new milestones with the test flight and Musk appeared triumphant. NASA chief Bill Nelson congratulated SpaceX on "a successful test flight!"

Persons: SpaceX's, TCEQ, Elon Musk's, Musk, Bill Nelson, SpaceX, Eric Roesch, Roesch Organizations: Boca, Aerospace, SpaceX, Federal Aviation Administration, CNBC, Texas Commission, Environmental, Environmental Protection Agency, Elon Musk's SpaceX, Boca Chica, FAA, EPA, NASA Locations: Brownsville , Texas, U.S, Boca Chica, Harlingen, South Texas, Starbase, Texas, Mars

Thierry Breton, France's European Union commissioner for internal market and consumer protection, industry, research and energy. Billed as an unscripted conversation by Musk, the Spaces session will be one of the few campaign events Trump does this week. Breton warned Musk that the EU was prepared to "make full use of our toolbox" to protect EU citizens from "serious harm." Getty Images | Getty Images News | Getty ImagesSince then, Musk has made a series of incendiary comments about the situation in the U.K. on X. Riot police officers push back anti-migration protesters outside on Aug. 4, 2024 in Rotherham, U.K. Christopher Furlong | Getty Images

Persons: Elon Musk, Tesla, Apu Gomes, Linda Yaccarino, Thierry Breton, Yaccarino, Donald Trump, Musk, Kamala Harris, Keir Starmer, Ashlea Simon, Peter Kyle, Christopher Furlong Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Getty, European, X Corp, Union, Trump, Republican, Democratic, EU's Digital Services, Digital Services, Riot, British, Britain, Times Locations: Beverly Hills , California, Europe, United Kingdom, EU, Breton, Southport , England, Southport, England, Northern Ireland, Falkland Islands, Rotherham, U.K

☆ The startup landscape for deals is drastically changing
▼ + stars: | 2024-08-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how the startup landscape is drastically changing thanks to the entrance of private-equity firms and the rise of acquihires . Private equity is filling the gap left by a frozen IPO market and corporates unwilling or unable to cut deals, writes Business Insider's Melia Russell. Perhaps most importantly, a PE deal means equity holders get cash immediately, unlike an IPO that has some holding periods. Acquihires where the brains behind buzzy AI startups sell themselves (instead of the entire company) to bigger players are in vogue, writes BI's Ben Bergman and Sri Muppidi. Depreciation costs to massive GPU chip investments pose a huge risk for AI companies .

Persons: —, You've, Alyssa Powell, Insider's Melia Russell, shivers, Samantha Lee, BI's Ben Bergman, Sri, acquihires, they'll, VCs, it's, Taylor Swift, Tyler Le, Fisker, Zuck, Elon Musk's, Mark Zuckerberg, Jenny Chang, Rodriguez, Biden, Donald Trump, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, SV Getty, Tech, guardrails, Character.AI, Getty, UBS, Mega, Revenue Locations: Europe, New York, London

☆ The 2024 campaign will now turn on whether Trump can blunt Harris’ soaring start
▼ + stars: | 2024-08-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump’s campaign, which has whiffed in its early attacks on Kamala Harris’ new presidential campaign, will grapple this week for a more effective foothold after the vice president transformed an election of stunning surprises. On Sunday, for instance, he spread a new false conspiracy theory over the size of Harris’ rally crowd in Michigan last week. Trump’s campaign was also forced on Saturday to deny a report in The New York Times that he’d privately referred to Harris as a “b*tch” as he bemoaned her momentum. Therefore, a debate expected between Trump and Harris on ABC on September 10 looms as a pivotal new moment in the campaign. But as Trump has shown in recent days, he still hasn’t worked out a way to respond to the suddenly changed circumstances of the campaign.

Persons: Donald Trump’s, Kamala Harris ’, Harris, he’d, bullish, Tim Walz, Joe Biden, “, Biden, Trump, Biden administration’s, —, Harris ’, Elon Musk, Walz, ”, “ It’s, ” Trump, Sen, JD Vance, Vance, CNN’s Dana, ” Vance, Kamala Harris, Vance wriggled, Trump’s, Nick Fuentes, Usha, Fuentes, Donald Trump …, “ misspoke, there’s, she’s, hasn’t Organizations: CNN, The New York Times, Republican, bullish Republicans, Minnesota Gov, Trump, New York Times, Siena College, Democratic, San, Ohio Republican, GOP, Army National Guard, Congress, Union, CBS, Court, White, Minnesota, ABC, Fox Locations: Michigan, Montana, The, Siena, Wisconsin , Michigan, Pennsylvania, Chicago, North Carolina, San Francisco, Ohio, Iraq, “ State, “, America, Russia, China

☆ Elon Musk, Donald Trump event on X crashes site, Tesla CEO blames cyberattack
▼ + stars: | 2024-08-12 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Shortly after 8:20 p.m., Musk, the billionaire Tesla and SpaceX CEO, blamed a cyberattack for the freezing screens. As the evening went on and the platform struggled to resolve the technical issue, Musk said that the interview would proceed at 8:30 E.T. "This massive attack illustrates there's a lot of opposition to people just hearing what President Trump has to say, but I'm honored to have this conversation," Musk said. In response to CNBC's request for comment about the technical delay, Trump campaign spokesperson Steven Cheung pointed to Musk's X post blaming a potential cyberattack. The glitch was reminiscent of X's technical disaster in 2023 that botched Florida Gov.

Persons: Elon Musk's, Donald Trump, Tesla, Musk, X, Trump, Steven Cheung, Ron DeSantis, Joe Biden Organizations: SpaceX, Florida Gov Locations: Florida

☆ Musk embraces Trump and scorns subsidies. But Tesla still lobbies for US benefits
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +5 min

Musk could "sacrifice some of the short-term interest in Tesla," Ward added, "if it'll satisfy the long-term interests of his ambitions." Musk and Tesla didn't respond to requests from Reuters for comment. The growing bond between Trump and Musk could be on display Monday night, when the Tesla boss is scheduled to interview the Republican candidate on X, Musk's social media platform. It's unclear exactly what ambitions Musk could seek to advance through his increasingly vocal rejection of progressive platforms – from EV subsidies to identity politics. A Reuters review of Congressional lobbying records – and Tesla's public comments to federal and state regulators – shows that the company has continued working to shape public policy in favor of such benefits.

Persons: Elon Musk, Samuel Corum, Donald Trump, Tesla, Biden, Trump, –, Elon, Mike Murphy, Andrew Ward, Ward, Musk, Gavin Newsom Organizations: Tesla Inc, Bloomberg, Getty, Tesla, Republican Party, Democratic Party, U.S . Environmental Protection Agency, Republican, Reuters, Lehigh University, Trump, Democratic, U.S . Department of Energy, U.S . Department of, Treasury Locations: Washington , DC, U.S, California, Los Angeles, EVs, Fremont , California

☆ Trump back on X, formerly Twitter, ahead of Elon Musk interview
▼ + stars: | 2024-08-12 | by ( Kate Sullivan | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump on Monday posted on X – formerly known as Twitter – for the first time in nearly a year ahead of his conversation on the platform later in the day with X owner and Tesla CEO Elon Musk. Trump regularly asserts on the campaign trail that he is a victim of what he calls “political persecution,” and the video appears to amplify that claim. The more that a broken system tells you that you’re wrong, the more certain you should be that you must keep pushing ahead,” Trump says in the voiceover. The video also includes lines that are staples of Trump’s campaign speeches, including: “They want to take away my freedom, because I will never let them take away your freedom. And we will liberate America from these villains once and for all.”And in another post, Trump asked, “Are you better off now than you were when I was president?”“Our economy is shattered.

Persons: Donald Trump, Elon Musk, Kamala Harris, Harris, ” Trump, Trump, “, They’re, ” Organizations: CNN, Twitter, Democratic, Immigration, Customs Enforcement, Green New Deal, San, Justice Department, Trump, Make America SAFE Locations: San Francisco, Lago, America, Atlanta, Georgia

☆ Trump is (sort of) posting on Twitter again
▼ + stars: | 2024-08-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Twitter banned Donald Trump in 2021. Elon Musk reinstated him in 2022. Trump is now running a Twitter ad that looks like it comes from his account. AdvertisementWelcome back to Twitter, Donald Trump. Or, more accurately: Trump's campaign seems to be using Trump's account to post an ad on the service, which Musk has renamed "X."

Persons: Donald Trump, Elon Musk, he's, Trump, — Organizations: Trump, Twitter, Service

☆ Trump Is Trying to Regain the Spotlight by Returning to X
▼ + stars: | 2024-08-12 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

When Donald Trump was president, he used Twitter to set policy, attack his critics and appeal to his followers. Trump is scheduled to appear tonight at 8 p.m. Eastern on X for an interview with the website’s owner, Elon Musk. For Trump, the event could offer an opportunity to regain some of the spotlight from Harris, whose new and energetic candidacy has forced his campaign to recalibrate its strategy less than three months before Election Day. Polls by The New York Times and Siena College released this weekend showed Harris with leads in Michigan, Wisconsin and Pennsylvania. “When I talk to Trump allies and advisers, many of them view the last three weeks as Trump’s worst sustained performance in a very long time,” Jonathan Swan, our politics reporter, said.

Persons: Donald Trump, Kamala Harris, Trump, Elon Musk, Harris, ” Jonathan Swan Organizations: Trump, The New York Times, Siena College Locations: Michigan , Wisconsin, Pennsylvania

☆ CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation data
▼ + stars: | 2024-08-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. 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. Asia markets climb higherAsia-Pacific markets were mostly higher on Monday ahead of U.S. economic data later in the week. [PRO] Distinct marketWhile U.S. and Japanese indexes fell sharply amid recent volatility, the MSCI China index rose slightly, reinforcing China's distinct market status despite slower growth.

Persons: Disney, Indiana Jones, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, Hai Precision Industry —, —, Australia's, Hong Organizations: New York Stock Exchange, CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Trump, Trump Media, SpaceX, Twitter, Hai Precision Industry, SK Hynix, China's CSI, U.S Locations: New York City, U.S, Magic Kingdom, Disney's California, Friday's, Asia, Pacific, Taiwan, Australian, China

☆ CNBC Daily Open: Prequels, sequels and pixie dust
▼ + stars: | 2024-08-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 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. The S&P 500 ended the week just 0.04% lower, while the Dow Jones Industrial Average slipped 0.6% and the Nasdaq Composite dipped 0.18%. At its lowest point on Monday, the S&P 500 was down nearly 10% from its recent high and the Nasdaq entered correction territory. [PRO] Low-volatility stocksDespite a wild week with steep sell-offs and concerns about Fed policy, markets rebounded showing resilience.

Persons: Disney, Indiana Jones, Carlos Tavares, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, CNBC's Pia Singh Organizations: CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Fiat Chrysler, France's PSA Groupe, Trump, Trump Media, SpaceX, Twitter Locations: U.S, Magic Kingdom, Disney's California, Michigan, Friday's

Elon Musk will interview former President Donald Trump Monday evening on X, the latest collaboration between two men whose unlikely alliance could be a significant factor shaping the final weeks of the presidential race. Musk, the billionaire CEO of both Tesla and SpaceX, wrote in a Sunday X post. Ahead of the event, Musk planned to perform "some system scaling tests" to gauge the X platform's streaming capabilities ahead of the event with Trump. The Trump interview is Musk's latest high profile foray into the 2024 presidential race. The PAC set out to mobilize 800,000 voters for Trump in critical swing states.

Persons: Donald Trump, Elon, Elon Musk, Tesla, Musk, Ron DeSantis, Trump, Kamala Harris, Trump's Organizations: SpaceX, Trump, Florida Gov, America PAC, CNBC, Republican Locations: Minden, Nev, Wilmington, Del

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