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Donald J. Trump was doubling down on Friday about his story of nearly crashing during a helicopter ride once with Willie Brown, the notable Black California politician. He was so adamant that it had happened that he threatened to sue The New York Times for reporting that the story was untrue, then posted on his social media site that there were “‘Logs,’ Maintenance Records, and Witnesses” to back up his account. “It was Willie Brown,” Mr. Trump, who spent much of the last year hoping to make gains with Black voters, posted. “But now Willie doesn’t remember?”Mr. Brown, 90, who was mayor of San Francisco and speaker of the California Assembly, gave several interviews on Thursday and Friday saying such a trip never occurred.

Persons: Donald J, Trump, Willie Brown, Witnesses ”, ” Mr, Willie doesn’t, Mr, Brown Organizations: Black, The New York Times Locations: Black California, San Francisco, California

☆ Elon Musk's battle with Mark Zuckerberg is looking like a lost cause
▼ + stars: | 2024-08-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Read previewElon Musk might just be losing any hopes he had of one-upping his arch nemesis, Mark Zuckerberg. A lost battleElon Musk is facing a tougher battle with Mark Zuckerberg's social media empire. Beata Zawrzel/Getty ImagesOne of Musk's biggest challenges in turning X into a legitimate rival to Zuckerberg's social media platforms is generating revenue. In Musk's own words, it's a declaration of "war" with the very people he needs to boost falling revenue at X. But none of this helps Musk in its effort to outdo Zuckerberg at his own social media game and widen X's appeal.

Persons: —, Elon, Mark Zuckerberg, wakeboarding —, reputationally, Zuckerberg, Elon Musk, Mark, Beata Zawrzel, Musk's, Musk, Linda Yaccarino, X, it's, Lara O'Reilly, GARM, Tommy Robinson, Robinson, Stephen Yaxley, Lennon —, 4W5ZOssbEY, Josh Self, Kier Starmer, it'll Organizations: Service, SpaceX, Business, Twitter, Musk's, The New York Times, Meta, Global Alliance, Responsible Media, Center, Britain, Financial Times Locations: San Francisco, Meta's, Texas, Southport, Liverpool, Falkland, Britain

☆ Former Twitter Board Member Sues Elon Musk’s X For $20 Million in Pay
▼ + stars: | 2024-08-09 | by ( Kate Conger | ) www.nytimes.com time to read: +1 min

A former Twitter board member, Omid Kordestani, sued the social media company owned by Elon Musk on Friday, claiming that the billionaire refused to cash out more than $20 million worth of shares. Mr. Kordestani, who joined Twitter’s board in 2015 and helped oversee the sale of the company to Mr. Musk in 2022, received most of his compensation in stock. But after Mr. Musk bought the company, now called X, he refused to pay Mr. Kordestani for those shares, the lawsuit said. A representative for X did not immediately respond to a request for comment. Such a public battle between a former board member and the company he once helped manage is rare — most boardroom disputes are settled quietly behind the scenes.

Persons: Omid Kordestani, Elon Musk, Kordestani, Musk, X “, Kordestani’s, ” Organizations: Twitter, Elon, Court Locations: California, San Francisco

michelle goldbergI mean, I’m a huge Walz fan, and I was worried. ross douthatSo, yeah, I mean, I’m having made the case that this pick makes sense in vibes terms. michelle goldbergYeah, I don’t think that he necessarily overperforms among conservative voters strictly defined. You don’t think that there’s a part of the country that just finds joy like a really refreshing change? I’m going there.

Persons: ross douthat I’ve, Bon Iver, Taylor Swift, I’ve, michelle cottle Oh, ross douthat, michelle goldberg, michelle cottle, Vance, I’m Michelle Cottle, Ross Douthat, Ross, Michelle Goldberg, Michelle, Harris, Kamala — Kamala — michelle goldberg Kamala, nomenon, Kamala, Chappell Roan, I’m, Frenchman, we’ll, Kamala Harris, Tim Walz, Josh Shapiro, it’s, Donald, JD Vance, Donald Trump, Biden, Walz, Sarah Longwell, Shapiro, Trump, ross douthat Let’s, It’s, that’s, John Fetterman, we’ve, Michelle Cottle, relatability, Jared Golden, Joe Manchin, Mary Peltola, —, Bernie, you’ve, who’s, Josh Shapiro doesn’t, don’t, you’re, Shapiro wasn’t, JB Pritzker, The New York Times ”, here’s Shapiro, Netanyahu, Donald Trump’s, John Kerry, — ross douthat, “, we’re, Bone, michelle goldberg Ross, George Floyd’s, there’s, George Floyd, That’s, It’s Trump, michelle cottle Ross, Joe Biden, Hillary Clinton, ross, hadn’t, “ Trump, MAGA, michelle cottle It’s, he’s, she’s, Tucker Carlson, — michelle cottle, ross douthat —, doesn’t, chameleons, He’s, McKay Coppins, it’s Kamala, Sarah Palin’s, John McCain, Mike Pence, Dick Cheney, George W, ”, michelle cottle “ Sunny, ” ross douthat, Rashida Jones, — ross, ” michelle goldberg, michelle cottle Juicy, “ Severance, michelle cottle Nice Organizations: “ New York, Minnesota, Twitter, Republican, Trump, Democratic, America, Democratic Party, Dartmouth, Biden, The New York Times, Bone Spurs, Vance, Republicans, Air Force, Atlantic, Democrat Locations: Tay, “, Pennsylvania, Brooklyn , New York, Wisconsin, San Francisco, relatability, America, Maine, Alaska, California, Israel, Palestine, Minnesota, Italy, Minneapolis, Afghanistan, Ukraine, Trump, United States, Michelle, Kyoto, Japan

☆ Opinion | Nancy Pelosi: ‘It Didn’t Sound Like Joe Biden to Me’
▼ + stars: | 2024-08-09 | by ( Ezra Klein | ) www.nytimes.com time to read: +55 min

And they know you’re going to act so they won’t mess with you. Put it in somebody else’s mouth because it was AI mean, it didn’t sound like Joe Biden to me. I think you’re I think you’re underselling this a little bit. And if they don’t, I’m going to keep my promise and send them 100 powdered wigs because they’re just living in a different era. All these other politicians, these career politicians didn’t know how to make a good deal.

Persons: Nancy Pelosi, Harris, Tim Walz, Al Gore, They’re, he’s, Joe Biden, Obama, Walz, Donald Trump, it’s, Trump, Said, JD Vance, Kamala Harris, Gavin Newsom, Ro Khanna, Scott Wiener, haven’t, Liam McCarthy, Willie Brown, George Moscone, Leo, Dianne Feinstein, It’s, Kamala, she’s, let’s, Suzan, You’ll, That’s, you’ll, I’m, that’s, We’re, I’ve, He’s, what’s, Bob Dole, George Bush, Svetlana, they’re, Scott Brown, Ted Kennedy’s, Ted Kennedy, Scott Brown’s, We’ve, you’re, Bill, Harry, Harry Reid, Pelosi, John Boehner, you’ve, Weaver, that’s O.K, Kevin McCarthy, kaka, Bernie Sanders, Sanders, Ted Cruz, Let’s, Barney Frank, Bill I, Steny Hoyer, don’t, You’re, John Dingell, Roe, Ira, Biden, McCarthy, o’clock, Wade, Kathy Manning of, Kathy Manning, didn’t, America’s, Republicans can’t, You’ve, Mary Barra, Steph Curry, Elton John Bono, Bill Gates, ain’t, Abraham, Little, Hillary, Norman Lear, Umberto, Gabriel Garcia Marquez’s, I’ll, Darwin, Lincoln Organizations: Democratic Party, Democratic, Republican, Veterans Affairs, Trump, Republicans, Democrat, San, Cal Stanford, University of San, Morning, NATO, Affordable, Senate, White House, California Democratic Party, Technology Committee, North, Global, Abraham Accords, Rogue, Republican Party Locations: America, Minnesota, San Francisco, University of San Francisco, United States, It’s, Belarus, Massachusetts, California, Iraq, Idaho, Italian, Kathy Manning of North Carolina, China, Sudan, Michigan, Arizona, David, South, Baltimore

☆ Trump, Harris deploy running mates to wage class warfare over 'what Middle America is'
▼ + stars: | 2024-08-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

Tim Walz, the Democratic vice presidential candidate, speaks during a campaign rally with Democratic presidential candidate Vice President Kamala Harris, in Philadelphia, Aug. 6, 2024. Kevin Lamarque | ReutersWith their running mate selections, former President Donald Trump and Vice President Kamala Harris have opened up a new front in the battle for the White House: winning over the average Joe. The Democratic vice presidential candidate, Minnesota Gov. As news outlet NOTUS put it: "Kamala Harris Has a Scranton Problem." Joe Raedle | Getty ImagesA Harris campaign spokesman declined to comment on the Trump campaign's email.

Persons: Tim Walz, Kamala Harris, Kevin Lamarque, Donald Trump, Joe, Trump, Harris, haven't, Republican Sen, JD Vance, Ohio, Walz, Vance, JD, Sen, Adam Bettcher, " Walz, Walz's, Brendan Smialowski, It's, William Howell, Howell, Joe Biden, Minnesota Gorvernor Tim Walz, Tiffany, Kamala pisses, Joe Raedle Organizations: Minnesota Gov, Democratic, Reuters, White, San, Democratic Minnesota Gov, Republican, Yale, NMC, Wollard, Getty, Silicon, Afp, University of Chicago, Minnesota, U.S . Marine Corps, Yale Law School, Senate, Trump, Mar Locations: Minnesota, Philadelphia, San Francisco, Eau Claire , Wisconsin, America, Nebraska, Michigan, University's, Scranton , Pennsylvania, California, Scranton, Philadelphia , Pennsylvania, U.S, Ohio, Palm Beach , Florida

☆ Trump said he ‘went down’ in helicopter ‘emergency landing’ with former San Francisco mayor, who says it never happened
▼ + stars: | 2024-08-08 | by ( Rashard Rose | ) edition.cnn.com time to read: +4 min

CNN —Former President Donald Trump recounted a story to reporters on Thursday about being involved in a helicopter emergency landing with former San Francisco Mayor Willie Brown. “I know Willie Brown very well. We were in a helicopter going to a certain location together, and there was an emergency landing,” Trump told reporters gathered at his Mar-a-Lago resort in Florida for his first news conference since the Democratic ticket was announced. A spokesperson for Jerry Brown told the Times that “there was no emergency landing and no discussion of Kamala Harris.”California Gov. “First of all, it was in New Jersey, not California, and it was Willie Brown, not former Governor Jerry Brown,” Trump posted on his Truth Social platform.

Persons: Donald Trump, Willie Brown, Kamala Harris ’, Brown, Trump, ” Trump, Willie, “ I’ve, ”, Kamala, Steven Cheung, “ Slick Willie, ” Brown, CNN’s John Berman, Jerry Brown, Kamala Harris, Gavin Newsom, “, ” Newsom, denigrated Harris, Harris, “ You’ve, CNN’s Tori B, Powell, Alayna Treene, Kate Sullivan Organizations: CNN, San Francisco, Democratic, Trump, The New York Times, The Times, California Gov, Times Locations: Lago, Florida, California, New Jersey

☆ A Gen Xer who retired early at 34 returned to work a decade later. He only lasted 4 months.
▼ + stars: | 2024-08-07 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Sam Dogen, 47, retired from his corporate job in 2012 and achieved FIRE status — an acronym for financial independence, retire early — but over a decade later, he returned to the office. Dogen wanted to return to work for extra income as his children got older and to contribute more to the Silicon Valley startup scene. He got a job as the head of content at a startup, where he wrote articles and newsletters. But within a few weeks, he already knew the job wasn't working out. He decided to leave his position and go back to being a stay-at-home dad — essentially retiring early for a second time.

Persons: Sam Dogen, Little, Dogen, Slack, —, you've, renegotiating, microaggressions, would've, he'd, I've Organizations: Service Locations: San Francisco

☆ The Philippines' first male athlete to win Olympic gold prompts outpouring of #PinoyPride
▼ + stars: | 2024-08-06 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +3 min

With every tumble, handspring and stuck landing at the Paris Olympics, trailblazing two-time gold medal gymnast Carlos Yulo of Team Philippines ignited a wave of Filipino pride. The 24-year-old cemented his legendary status after he took the top spot in the men’s floor and vault events, making him the first male athlete in the Philippines history to win a gold medal. The wins made Yulo the second person ever to take home gold for the Philippines after weightlifter Hidilyn Diaz won the women’s 55-kilogram event in 2021 at the Tokyo Games. He also accounts for the totality of the Philippines’ medal count this year. “It’s also not seen as much of a priority … For a lot of people in countries like the Philippines, it’s about survival.

Persons: trailblazing, Carlos Yulo, They’ve, Yulo, Artem Dolgopyat, Armenia’s Artur Davtyan, Harry Hepworth, Hidilyn Diaz, Lionel Bonaventure, Suni Lee, ”, Diaz, “, ” Diaz, James Zarsadiaz, Zarsadiaz, “ It’s, Yulo’s Organizations: Paris, Team Philippines, Tokyo Games, Getty, Bercy Arena, USA, Philippine Studies, University of San, NBC News Locations: Philippines, Israel, AFP, University of San Francisco, Tokyo

Tim Walz, casting Vice President Kamala Harris’ new running mate as an agent of the far left. A top Trump adviser added: “Hamas Harris bent the knee to antisemitic, anti-Israel radicals on the left by leapfrogging Shapiro. “She outsmarted herself,” said Matt Gorman, a longtime Republican operative and veteran of presidential campaigns who is not working for the Trump campaign. “Many, many people said repeatedly that the reason Kamala Harris was going away from the Josh Shapiro selection is because they were worried about antisemitism. “To her credit, Kamala Harris put policy over politics by picking a radical liberal,” Taylor Budowich, the CEO for the Trump-aligned MAGA Inc. super PAC, said.

Persons: Donald Trump, Tim Walz, Kamala Harris ’, Walz, Trump, ” Dave McCormick, Harris, ”, Josh Shapiro, Joe Biden, Shapiro, Sen, JD Vance, Kamala, leapfrogging Shapiro, outsmarted, Matt Gorman, Zack Roday, ” Roday, ” Vance, Vance, Kamala Harris, “, Kamala Harris —, ” Harris —, Doug Emhoff, —, ” Harris, he’s, It’s, — Walz, ” Trump, Karoline Leavitt, Joe Manchin, Larry Hogan, Trump’s, ” Taylor Budowich, CNN’s Anderson Cooper, ” Walz, Walz’s, George Floyd, Darren Beattie, Mark Kelly of Arizona, Hillary Clinton, Tim Kaine, “ Walz Organizations: Minnesota, NBC News, Trump, Republican Senate, Democrat, Republicans, Pennsylvania, GOP, Social, Republican, San, West Coast, Golden State, Heartland, Democratic Party, ” Former Maryland Gov, Inc, Arizona, Democratic Locations: Pennsylvania, Ohio, China, Israel, San Francisco, Philadelphia, Minnesota, America, Nebraska, West Virginia, Minneapolis, “, Virginia

☆ Gold nudges higher on mounting U.S. rate cut bets
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices edged higher on Tuesday after comments from Federal Reserve officials reinforced expectations of bigger U.S. interest rate cuts later this year. Spot gold was up 0.1% to $2,408.77 per ounce as of 0354 GMT. Fed San Francisco President Mary Daly said her mind was open to cutting interest rates as necessary and policy needed to be proactive. Meanwhile, Japanese stocks opened higher, underpinning a recovery across battered Asian share markets and even triggering circuit breakers in some.

Persons: Mary Daly, Soni Kumari Organizations: Co, Federal Reserve, San, ANZ, Traders Locations: Bangkok, Thailand, U.S, San Francisco, China

☆ Gen Z might be the luckiest homebuying generation. Here's where they're scooping up homes.
▼ + stars: | 2024-08-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

A new SmartAsset analysis found that Gen Z bought homes in 2023 at the fastest rate in the Indianapolis, St. Louis, and Cincinnati metro areas — and the slowest in California and the Northeast. The median property value for these 2,266 new Gen Z homeowners in Indianapolis was $225,000, while the median income was $65,000. Related storiesA slightly lower percentage of Gen Z bought homes in St. Louis last year at just below 1.6% or 2,649 people. Other metro areas seeing higher rates of new Gen Z homeowners included Jacksonville, Virginia Beach, and Kansas City. Intuit Credit Karma found in January that nearly a third of Gen Z adults live with their parents.

Persons: —, homeownership, Z, Louis, Gen Zers, X, Gen, Redfin, Xers, Gen Z, millennials, homebuyers, Karma Organizations: Service, Business, Kansas City, YouTube, Pew Research Center, Intuit, Bank of Locations: Midwest, Indianapolis, St, Cincinnati, —, California, homebuyers, Jacksonville, Virginia Beach, Kansas, Homebuyers, Detroit , Cleveland, Pittsburgh, Texas, San Francisco , New York City, Los Angeles, Boston, San Francisco, Bank of America

☆ CNBC TechCheck Evening Edition: August 6, 2024
▼ + stars: | 2024-08-06 | 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 EmailCNBC TechCheck Evening Edition: August 6, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

Persons: TechCheck Organizations: CNBC Locations: San Francisco

☆ Trump, Harris campaigns race to define Democratic running mate Tim Walz
▼ + stars: | 2024-08-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

This combination of pictures shows Vice President Kamala Harris in Washington, DC on July 22, 2024, and Governor of Minnesota Tim Walz in Washington, DC, July 3, 2024. In a campaign that is playing out on a turbo-charged timeline, both camps have a narrow window to shape how voters view Harris' running mate. The Kamala Harris and Donald Trump presidential campaigns on Tuesday raced to push out dueling portraits of newly announced Democratic running mate, Minnesota Gov. Minnesota Governor Tim Walz speaks with union organizers before they march on businesses in downtown Minneapolis on October 14, 2022 in Minneapolis, Minnesota. "Just like Kamala Harris, Tim Walz is a dangerously liberal extremist, and the Harris-Walz California dream is every American's nightmare."

Persons: Kamala Harris, Minnesota Tim Walz, Harris, Tim, Walz, Donald Trump, Tim Walz, Roe, Wade, Walz's, Harris veepstakes, Jane Mayer, Trump, Karoline Leavitt, " Walz, Leavitt, Sara Craig, Rep, Byron Donalds, Kellyanne Conway, Sen, JD Vance, Vance Organizations: National, Marist, Tuesday, Democratic, Minnesota Gov, Minnesota, Republican, New Yorker, San, West Coast, Golden, Republican Governors Association, Democrats, Democrat, Fox News, Trump Locations: Washington , DC, Minnesota, Minneapolis, Minneapolis , Minnesota, America, San Francisco, Golden State, Walz California, lockstep, Ohio

☆ We left the U.S. and opened a bar in Paris that brings in up to $34,100 a month: 'There's an ease to living here'
▼ + stars: | 2024-08-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Kave and fellow American ex-pat Jennifer Crain are the co-founders of Abricot, a cocktail bar in Paris' 10th arrondissement. The bar has a small staff: three hourly employees and three contract employees. A mutual connection virtually introduced Kave and Crain shortly after, and the pair started expanding Crain's idea for a Parisian cocktail bar. They found a location and named their business Abricot, which is French slang for female genitalia. The delays ate up most of the initial investment, Crain says, as Abricot paid rent for over a year before it opened.

Persons: Allison Kave, Kave, she'd, Jennifer Crain, Crain, Abricot Organizations: Abricot, CNBC, Crain, Employees Locations: U.S, Paris, San Francisco, Austin , Texas, Brooklyn , New York, Brooklyn, crowdfunding, France, Europe

☆ Why Are Silicon Valley Therapists Becoming Tech Coaches?
▼ + stars: | 2024-08-06 | by ( Daniel Duane | ) www.nytimes.com time to read: +1 min

Carnochan has been my therapist for over a decade, a privilege for which I am grateful on two accounts. First, the surging national demand for therapy has so outstripped supply that it can be hard to find a good therapist anywhere, but especially in San Francisco. Second, working with Carnochan has been so healing that I have come to see psychotherapy as a beautiful profession and Carnochan as its beau idéal — deeply learned, emotionally present and capable of moving in a single conversation from D. W. Winnicott’s theory of the false self to Otis Redding’s “(Sittin’ on) the Dock of the Bay,” from infinity in the Lotus Sutra to the ecstasies of backcountry skiing. I knew Carnochan did some other form of talking to people one on one — coaching, that is — because I once told him that I worried about money and career. Carnochan responded by mentioning that he sometimes helped company executives on professional matters and could work with me in the same spirit.

Persons: Carnochan, —, Otis Redding’s “ Locations: San Francisco .

☆ Pelosi details 20-minute conversation with Trump ahead of first impeachment
▼ + stars: | 2024-08-06 | by ( Annie Grayer | ) edition.cnn.com time to read: +5 min

CNN —Hours before former House Speaker Nancy Pelosi formally launched the first impeachment investigation into former President Donald Trump in 2019, she received a call from the subject of the probe himself. During the September phone call, Pelosi said Trump claimed she would be impressed with his “lack of pressure,” that he “didn’t threaten anyone” and “there’s no reason” to impeach him. “I do not believe that the president (needs to directly) make a quid pro quo to intimidate a foreign leader,” Pelosi told Trump. “I didn’t do that,” Trump replied, to which Pelosi replied, “You withheld aid, and there is an inference drawn.”As Trump continued to claim that his call with Zelensky was “flawless,” Pelosi responded, “We’ll find out. “The call was perfect.”In her final reply to Trump before the end of the call, Pelosi said, “That call was perfectly clear.

Persons: Nancy Pelosi, Donald Trump, ” Trump, Pelosi, Trump, CNN’s Dana Bash, Bash, Biden, Steven Cheung, ”, Volodymyr Zelensky, didn’t, “, ” Pelosi, Zelensky, “ We’ll, Don’t, “ I’ve, Paul, Alexandra, ” Alexandra, “ Paul Organizations: CNN, Power, CNN Trump, “, Democratic, Ukrainian, House Intelligence, Trump, UN, Assembly, San Francisco Locations: Washington , DC, San

With only days to consider a range of contenders, Ms. Harris and her team were inundated with unsolicited advice — much of it public — about whom she should pick. Andy Beshear of Kentucky, who has also been vetted by the Harris team, appeared at a Harris campaign fund-raiser in Chicago. Mr. Biden was at home in Wilmington, Del., over the weekend while Ms. Harris interviewed prospective running mates in Washington. A White House spokesman did not immediately respond to a request for comment about whether he had spoken to Ms. Harris as she finished her deliberations. Once she chooses, Ms. Harris will spend much of the next week with her running mate.

Persons: Kamala Harris, Harris, Barack Obama, Harris’s, —, Josh Shapiro, Tim Walz, Donna Brazile, “, you’re, Brazile, Paul, Caroline Yang, Obama, Shapiro, Nancy Pelosi, Walz, Pelosi, I’m, Nancy, Gerry Connolly, Ms, there’s, Kamala, it’s, Andy Beshear, Biden, Rachel Wisniewski, . Walz, Mark Kelly, Jen O’Malley Dillon, Sheila Nix, Tony West, Cedric Richmond, Eric H, Holder Jr, Dana Remus, Theodore Schleifer, Nicholas Nehamas, Christina Morales Organizations: Democratic Party, Democratic, Pennsylvania, Democratic National Committee, The New York Times, CNN, Democrat, White Locations: Atlanta, Philadelphia, Gaza, Minnesota, St, Virginia, Minneapolis, Kentucky, Chicago, Washington, Arizona, Wilmington, Del, San Francisco

☆ 10-year Treasury yield rebounds after hitting its lowest level in more than a year
▼ + stars: | 2024-08-06 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

The yield on the 2-year Treasury note traded over 11 basis points higher at 3.992%. Yields and prices move in opposite directions, and one basis point is equivalent to 0.01%. The yield on the benchmark 10-year Treasury note traded more than 7 basis points higher at 3.855% at 7:08 a.m. It comes after the yield on the 10-year Treasury note on Monday fell to its lowest level since June 2023 . Brzeski said he expects the Fed to move forward with a 50 basis point interest rate cut next month in order to bolster market confidence.

Persons: Jerome Powell, Mary Daly, Austan, Carsten Brzeski, CNBC's, Brzeski Organizations: Global, Federal, U.S, ING Research, Fed Locations: U.S, San Francisco, Chicago

☆ I got laid off at 65 and couldn't afford my Bay Area mortgage. Now, I work for myself while traveling the world.
▼ + stars: | 2024-08-06 | by ( Tony Woodall | ) www.businessinsider.com time to read: +6 min

Read previewI began my career in the financial services industry in 1985 in the warehouse at Fannie Mae Software Systems. I moved to the Bay Area and began my subsequent career in financial services. We couldn't recover before the Federal Reserve took us into receivership, making us the second-largest bank failure in history. The biggest problem was my homeWithout a full-time job, I could no longer afford the mortgage on my home in the Bay Area. Tony WoodallAfter Portugal, I joined friends in Medellín, Colombia, an inexpensive haven for digital nomads.

Persons: —, Tony Woodall, Woodall, you'll, I'm, I've Organizations: Service, Fannie Mae Software Systems, Business, realtors, Bank, LinkedIn, Bay Area, First Republic, Federal Reserve, Social Security Locations: Fannie, Atlanta, San Francisco, Bay, Silicon, California, Camino de Santiago, Spain, Portugal, Portuguese, Colombia, Medellín, Germany

☆ OpenAI co-founder John Schulman says he will leave and join rival Anthropic
▼ + stars: | 2024-08-06 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

OpenAI co-founder John Schulman said in a Monday X post that he would leave the Microsoft -backed company and join Anthropic, an artificial intelligence startup with funding from Amazon . In June, OpenAI said Schulman, as head of alignment science, would join a safety and security committee that would provide advice to the board. Schulman has only worked at OpenAI since receiving a Ph.D. in computer science in 2016 from the University of California, Berkeley. The leaders of the superalignment team, Jan Leike and company co-founder Ilya Sutskever, both left this year. Also on Monday, Greg Brockman, another co-founder of OpenAI and its president, announced that he was taking a sabbatical for the rest of the year.

Persons: ChatGPT, OpenAI, John Schulman, Schulman, OpenAI's, Jan Leike, Ilya Sutskever, Leike, Sutskever, Sam Altman, Altman, Tasha McCauley, Helen Toner, Toner, WilmerHale, Greg Brockman Organizations: Darktrace Plc, Microsoft, Amazon, OpenAI, University of California, Anthropic, Superintelligence Inc, Google, Employees, AI Safety Locations: Brooklyn, New York, British, Berkeley, Francisco

☆ JD Vance called Tim Walz a 'San Francisco-style liberal.' Walz visited the city for the first time last month, while Vance lived there for years.
▼ + stars: | 2024-08-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Tim Walz of Minnesota as her running mate, Sen. JD Vance of Ohio hit his new opponent as a "San Francisco-style liberal." "She has governed as a San Francisco liberal, and she's chosen a running mate who will be a San Francisco-style liberal." "Last week was my first time in San Francisco," Walz said on an episode of "The Ezra Klein Show" released on August 2. A few Saturdays ago, my wife and I spent the morning volunteering at a community garden in our San Francisco neighborhood. "I don't even know if we're actually going to get Tim Walz out of this campaign."

Persons: Kamala Harris, Tim Walz, Sen, JD Vance, Ohio, —, she's, Harris, Walz, " Walz, Ezra Klein, Vance, Donald Trump, George Floyd, Joe Biden's, we're, Josh Shapiro Organizations: Service, San, Business, San Francisco, Trump, United, United States Government, Gov, Pennsylvania Locations: Minnesota, San Francisco, Philadelphia, Bay, Presidio, San Francisco neighborhood, Ohio, United States, Minneapolis, Francisco

A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising. The landmark case from the government, filed in 2020, alleged that Google has kept its share of the general search market by creating strong barriers to entry and a feedback loop that sustained its dominance. General search services, according to the court, applies to Google’s core search engine, where it traditionally competed with Yahoo. General search text advertising refers to the text ads that run alongside search results. However, the ruling found that general search advertising is not a market so there can be no monopoly control.

Persons: Sherman, Amit Mehta, Sundar Pichai, Boris Streubel, General Merrick Garland, ”, ” Garland, Kent Walker, ” Walker Organizations: Google, U.S, District of Columbia, DFB The Department of Justice, Colorado and, Department, Yahoo Locations: U.S, Colorado, Colorado and Nebraska

☆ Some Schwab customers having log-in difficulties during global markets sell-off
▼ + stars: | 2024-08-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Brokerage firm Charles Schwab is having technical issues on Monday in the middle of a steep sell-off for global equities. "Due to a technical issue, some clients may have difficulty logging in to Schwab platforms," the firm said in a post on its X social media account. Some users were reporting on social media about issues getting into their accounts. Schwab was not the only brokerage firm with social media complaints on Monday. CNBC is reaching out to other companies to see if they are having issues.

Persons: Charles Schwab, Dow, Schwab, Downdetector.com Organizations: Fidelity Investments, CNBC Locations: San Francisco , California, Schwab

☆ Trump is weaponizing the stock downturn to attack Kamala Harris
▼ + stars: | 2024-08-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Trump is blaming Kamala Harris for Monday's stock market downturn. But he's previously sought to claim credit for a stock market rally under Biden. Go to newsletter preferences Thanks for signing up! AdvertisementAs global stock markets were rocked by a steep sell-off Monday, former President Donald Trump is using the downtown as the latest line of attack against his new Democratic rival, Vice President Kamala Harris. "Of course there is a massive market downturn," Trump wrote on Truth Social on Monday morning as part of a series of posts attacking Harris.

Persons: Trump, Kamala Harris, he's, —, Donald Trump, Harris, KAMALA Organizations: Biden, Service, Democratic, Business Locations: San Francisco and California

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