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Sharon Kim partnered with her oldest brother and his wife to purchase a home in the suburbs of New York City for around $750,000. Mickey Todiwala | CNBC Make ItKim and her brother weren't very close growing up, thanks to a seven-year age gap. Mickey Todiwala | CNBC Make ItThe increased down payment gave them the leverage they needed. Kim, her brother and his wife decided to complete the majority of renovations to the home themselves to cut down on costs. Mickey Todiwala | CNBC Make ItKim estimates they've spent around $40,000 on renovations so far.
Persons: Sharon Kim, Mickey Todiwala, Kim, weren't, homeownership, they've Organizations: CNBC, Parsons School of Design, YouTube, Parsons, Spotify, Amazon Prime, Apple Locations: New York City, Manhattan, Queens, New Jersey, South Korea
Watch CNBC’s full interview with Micron CEO Sanjay Mehrotra
  + stars: | 2024-09-26 | 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 EmailWatch CNBC’s full interview with Micron CEO Sanjay MehrotraMicron CEO Sanjay Mehrotra joins CNBC's 'Squawk on the Street' to discuss his company's earnings beat, demand for AI resources, and more.
Persons: Sanjay, Sanjay Mehrotra Organizations: Micron
Mark Cuban is among the richest people in the US, with an estimated net worth of $5.7 billion. He's earned his fortune through business deals including the $5.7 billion sale of Broadcast.com. Go to newsletter preferences Thanks for signing up! AdvertisementMark Cuban, 66, is one of the wealthiest people in America, with an estimated net worth of $5.7 billion, according to Forbes. This story is available exclusively to Business Insider subscribers.
Persons: Mark Cuban, He's, Organizations: Service, Forbes, Business Locations: Dallas, America
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicron CEO Sanjay Mehrotra on Q4 earnings beat: AI is transforming the industryMicron CEO Sanjay Mehrotra joins CNBC's 'Squawk on the Street' to discuss his company's earnings beat, demand for AI resources, and more.
Persons: Sanjay Mehrotra Organizations: Micron
CNN —Former New York City Mayor Rudy Giuliani is disbarred in Washington, DC, the district’s highest local court said Thursday, a move stemming from the ethics proceedings Giuliani faced in New York because of his efforts to help former President Donald Trump try to overturn the 2020 election. Those New York proceedings led to Giuliani losing his license to practice there this summer, and because the DC Bar has a reciprocal relationship with the New York Bar, he is now being disbarred in the district. According to the new order from the DC Court of Appeals, Giuliani did not respond to an opportunity to object to his disbarment in Washington. Meanwhile, two Georgia election workers obtained a $148 million defamation judgment against him for false allegations he made about them after the 2020 election. The New York disciplinary attorney ethics proceedings against Giuliani played out mostly behind closed doors.
Persons: Rudy Giuliani, Giuliani, Donald Trump, Washington . Giuliani, Ted Goodman, , Mayor Giuliani can’t, ” Goodman Organizations: CNN, Former New York City, DC, New, of Appeals, Trump, Prosecutors, The, New York Supreme Locations: Washington , DC, New York, York, Washington ., Pennsylvania, Georgia, Arizona
Famed "Big Short" investor Michael Burry is benefiting from the recent surge in Chinese stocks. Burry began aggressively buying Chinese stocks in the fourth quarter of 2022, and it seems to finally be paying off. AdvertisementBurry also has 12% of his portfolio invested in Baidu, and another 12% of his portfolio invested in JD.com. Billionaire investor David Tepper said on Thursday that it's a buy "everything" moment for Chinese stocks. Tepper believes there's more upside to be had in Chinese stocks due to their depressed valuations.
Persons: Michael Burry, , Burry, Alibaba, David Tepper, Tepper, there's Organizations: Scion, Management, Service, Scion Asset Management, Baidu, People's Bank of China, Alibaba, CNBC Locations: JD.com, China, HedgeFollow, China's
Indexes rallied Thursday on positive jobs data and promises of further economic stimulus in China. AdvertisementUS stocks rallied on Thursday, fueled by China stimulus measures and positive jobs data to pare losses from yesterday. The indexes rallied after leaders in China pledged to support the economy with more strong policy measures. The indexes' gains were also fueled by positive labor market data. Meanwhile, second-quarter GDP came in unrevised at a 3% annualized rate, according to data released Thursday.
Persons: , Eric Jackson, SocGen Organizations: Service, Labor Department, Federal Reserve Locations: China, unrevised
New York City Mayor Eric Adams was indicted by federal grand jury amid a corruption probe. AdvertisementNew York City Mayor Eric Adams' administration has been embroiled in turmoil for months. July 2024: Adams served grand jury subpoenasFederal prosecutors subpoenaed Adams, his election committee, and City Hall in July. Advertisement"We have not identified any evidence of illegal conduct by the mayor," Adams' attorneys said at the time. September 26, 2024: Adams indictment unsealedThe 57-page indictment against Adams was unsealed on September 26, detailing serious allegations of corruption, bribery and wire fraud.
Persons: Eric Adams, , Adams, Brianna Suggs, Suggs, Rana Abbasova, Winnie Greco, Greco, Edward Caban, Public Safety Philip Banks III, Sheena Wright, David Banks, Caban, Lisa Zornberg, Zornberg, Thomas Donlon, Ashwin Vasan, Banks, Alexandria Ocasio, Cortez, Damian Williams, Williams Organizations: York City, Service, New York Police Department, Democrat, FBI, Agents, New York Times, Turkish Airlines, Times, City Hall, Associated Press, Public Safety, New York City Schools, New York, NYPD, Democratic New York Rep, New, Southern, of Locations: York, New York City, Brooklyn, manila, Jersey, Manhattan, Turkish, New, Alexandria, of New York
Trump's arguments for overturning his $454M civil fraud verdict received a warm reception Thursday. Trump attorney D. John Sauer has made this line drawing a central point of his appeal. The appeal argues that James' fraud case wrongly interfered in the decisions of "sophisticated" banks that had been happy to loan Trump money regardless of any exaggerations. Deutsche Bank relied on Trump's financial statements in loaning him $400 million to develop his Chicago skyscraper, his Washington, DC hotel, and his Miami golf resort. Advertisement"And I will stress, your honor, that this does have harm to the public and the markets," she said of Trump's persistent financial frauds.
Persons: , Donald Trump, Trump, Peter H, Moulton, Letitia James, James, John Higgitt, Judith Vale, Higgitt, Vale, Lehman, Dianne T, Renwick, John Sauer, Sauer, E, Jean Carroll, Trump's, Arthur Engoron Organizations: Trump Org, Service, New York, General's, New York's AG, Lehman Brothers, Trump, Deutsche Bank, Supreme Court, Mazars USA, New Locations: Manhattan, York, Chicago, Washington, Miami, DC
Read previewSpeaking at the US Treasury Market Conference on Thursday, Treasury Secretary Janet Yellen referenced her predecessors — and their mistakes — often. This story is available exclusively to Business Insider subscribers. "In January 2021, I stepped into a Treasury Department whose focus on financial stability had all but disappeared," she said. "Put simply, we were without crucial tools to identify and help respond to risks to financial stability," she said. Related storiesThere's nothing indicating that a second Trump administration would bring a different attitude toward regulation than his first.
Persons: , Janet Yellen, Donald Trump, Yellen, Trump's, Trump, Steven Mnuchin, Jon Hilsenrath, Kamala Harris Organizations: Service, US Treasury Market Conference, Business, Treasury Department, Federal Reserve, Securities, Exchange, Politico, Trump, Wall Street Locations: Basel III, mull
Analyst Jared Shaw raised his rating on the regional bank to overweight from equal weight and upped his price target by $4 to $14. Analyst Rob Dickerson downgraded the chocolate maker to underperform from hold and slashed his price target by $21 to $163. Analyst Lincoln Kong upgraded U.S.-listed shares to buy from neutral and raised his price target to $22.60 from $16.50. — Alex Harring 5:51 a.m.: BofA hikes Meta price target following Connect event Bank of America sees more room for Meta Platforms to run due to its artificial intelligence possibilities. Starbucks shares are flat year to date, but they have popped more than 20% over the past three months.
Persons: Bernstein, Jared Shaw, NYCB, Shaw, — Alex Harring, Sell Hershey, Jefferies, Rob Dickerson, Dickerson, flatlining, Hershey, Alex Harring, BofA, Ralph Lauren, Christopher Nardone, Justin Picicci, Corey Van der, Nardone, Picicci, Goldman, Bilibili Goldman Sachs, Lincoln, Kong, Bilibili, Justin Post, Post, Metaverse, Meta, Brian Niccol, Danilo Gargiulo, Gargiulo, Niccol, — Fred Imbert Organizations: CNBC, . Bank of America, Barclays, Bancorp New, Bancorp New York Community, Wall, Hershey, America's, Lincoln Kong, Bank of America, Facebook, Meta, Orion, Taco Bell Locations: Bancorp New York, Wednesday's, Thursday's premarket, Bilibili, U.S
Iwao Hakamada was acquitted after 46 years on death row for a 1968 quadruple murder. Hakamada was the longest-serving inmate on death row of any prisoner worldwide. Go to newsletter preferences Thanks for signing up! AdvertisementAn 88-year-old man has been acquitted of multiple murders in Japan after spending 46 years on death row — most of them in solitary confinement. Iwao Hakamada, the world's longest-serving death row inmate, was found guilty in 1968 of murdering his boss, his boss's wife, and their two children and setting fire to their home.
Persons: Iwao Hakamada, Hakamada, Organizations: Service, Business Locations: Japan
NYC Mayor Eric Adams isn't messing around defending himself against a federal indictment. The mayor has hired high-powered attorney and Elon Musk favorite, Alex Spiro, Bloomberg reported. Adams was indicted this week on charges related to bribery, fraud, and conspiracy. Go to newsletter preferences Thanks for signing up! AdvertisementNew York City Mayor Eric Adams is reportedly turning to one high-profile person to help fight his recent indictment: Elon Musk's favorite lawyer.
Persons: Eric Adams isn't, Elon Musk, Alex Spiro, Adams, , Eric Adams, Elon Musk's Organizations: Bloomberg, Service, York City, NYPD, Business Locations: York
Read previewVice President Kamala Harris has made a number of promises as part of her proposed domestic agenda. That's left Democrats with little choice than to go on offense and try to beat Sen. Ted Cruz in Texas and Sen. Rick Scott in Florida. Cruz and Scott we will crystallize the case against them," Peters said. In Texas, Cruz faces Democratic Rep. Colin Allred, who was recently endorsed by former Republican Rep. Liz Cheney. A source close to Scott signaled that the Florida senator isn't sweating it, telling Business Insider that "if national Democrats decide to spend in Florida, Rick Scott will spend more."
Persons: , Kamala Harris, Harris, She's, Donald Trump, Sen, Joe Manchin's, Tim Walz, Sherrod Brown, Jon Tester, Montana . Brown, Tester, Tim Sheehy, That's, Ted Cruz, Rick Scott, Gary Peters of, Cruz, Scott, Peters, Colin Allred, Liz Cheney, Scott's, Debbie Mucarsel, Powell, Allred Organizations: Service, Business, Senate, Gov, Republican, Democratic Senatorial, Gary Peters of Michigan, Sens, Democratic, Republicans Locations: Ohio, Montana ., Texas, Florida, In Texas, In Florida, New York, California
Amazon workers have until January before they'll be expected in corporate offices five days a week, but some aren't expecting to stick around that long. In a recent survey of 2,585 Amazon employees on anonymous job review site Blind, 73% said they are considering looking for a new job following CEO Andy Jassy's recent memo announcing a full-time return-to-office. Further, 80% of the Amazon professionals polled reported that they know of a colleague considering looking for another job because of the announcement. Another survey from Glassdoor finds that 74% of Amazon workers are "rethinking" the future of their careers, whether at the tech giant or elsewhere. Amazon workers are "strongly dissatisfied" with the policy change, according to an anonymous survey created by employees, reported by Fortune.
Persons: they'll, Andy Jassy's, Jassy, we've Organizations: Slack, Amazon, CNBC
Here Are the Charges Eric Adams Faces, AnnotatedFederal prosecutors in Manhattan on Thursday unveiled a five-count indictment against Mayor Eric L. Adams of New York, charging him with bribery conspiracy, fraud and soliciting illegal foreign campaign donations. 1 count Wire fraud Related to accusations that Adams fraudulently accepted public matching funds for his campaign by improperly certifying contributions that were made via “straw donors,” concealing the true sources of the donations. 2 counts Solicitation of a contribution by a foreign national Related to accusations that Adams solicited and received improper campaign contributions through foreign citizens. 1 count Bribery Related to accusations that Adams solicited free and heavily discounted foreign luxury travel in exchange for helping to obtain approval by Fire Department officials of a new Turkish Consulate. Mr. Adams, who is up for re-election in 2025, insisted he was innocent in the case, which is led by U.S. Attorney Damian Williams of the Southern District of New York.
Persons: Eric Adams, Eric L, Adams, Damian Williams Organizations: Turkish Consulate, Fire Department, U.S, Southern, of, New York Times Locations: Manhattan, New York, Turkish, New York City, of New York
A leaked internal guidebook from MrBeast is being passed around the tech world. Tech workers and investors are digging into the YouTuber's views on hiring, managing, and more. Related storiesA hardcore founder who writes like a real personMrBeast's guidebook is the latest "hardcore" corporate document to go viral in the tech world. "Leaked internal emails and memos are religious texts for the tech world," Alder said. Donaldson's casual, unpretentious writing style was a big factor in helping it spread across the tech world, industry insiders told BI.
Persons: , He's, Jimmy Donaldson, Donaldson, Brian Chesky, Combinator's Paul Graham, Tom Alder, Alder, Jeff Bezos, ByteDance, Donaldson isn't, it's, John McCarus, Steve Jobs, MrBeast, Rachel Roberts Mattox, Mattox, Marc Cohen, Abhishek Sharma Organizations: Tech, Service, Hacker, Big Tech, YouTube, Unbundled, Google Locations: Silicon Valley
Meanwhile, multiple Facebook users in states like North Carolina, Mississippi and New Jersey continue to share the ballot misinformation without any notification that it's false. Across the U.S., with 40 days until the Nov. 5 election, state and local officials say they are puzzled by what to expect from Facebook. In 2020, the site hosted rampant misinformation about politically charged issues like Covid treatments, masking and voter fraud. Given Maricopa County's high profile during the election season, the state often attracts attention from Facebook users across the country. During a Senate hearing last week on election threats, Meta's head of global affairs, Nick Clegg, fielded questions about the company's election preparedness.
Persons: Rebecca Noble, Derek Bowens, Bowens, Meta, Donald Trump, Hillary Clinton, Elon Musk, Kamala Harris, Taylor Kinnerup, Kinnerup, she'd, Meta's, Saul Loeb, Nick Clegg, Sen, Susan Collins, Collins, Clegg, Scott McDonell, it's, McDonell, Jeramy Gray, Gray, we've, Harris Organizations: Department, Facebook, USA, North Carolina State Board, CNBC, Meta, Republican, Russian, Trump, Pew Research Center, Elon, Associated Press, Reuters, Democratic, Maricopa, National Constitution Center, AFP, Getty, Intelligence, Homeland Security, FBI Locations: Maricopa County, Mesa, Arizona, Mesa , Arizona, U.S, Durham County , North Carolina, N.C, North Carolina , Mississippi, New Jersey, Springfield , Ohio, Canada, North Carolina , Arizona, Philadelphia , Pennsylvania, Maine, China, Dane County, Wisconsin, Los Angeles County, North Carolina's Durham County
Rep. Matt Gaetz said Thursday that he has learned the House Ethics Committee will subpoena him as it investigates whether the Florida Republican engaged in sexual misconduct with a minor or illicit drug use. Gaetz, a close ally of former President Donald Trump, made the statement in an angry letter to the Ethics Committee that declared he will "no longer voluntarily participate" in the panel's probe. Gaetz said he understands that a subpoena has been "issued, but not served" — but did not say whether he would comply with the subpoena. An Ethics Committee spokesman declined to comment on the letter. Gaetz reportedly helped Trump prepare for his Sept. 10 presidential debate with Vice President Kamala Harris, the Democratic nominee.
Persons: Matt Gaetz, Donald Trump, Gaetz, Michael Guest, Susan Wild of, Kevin McCarthy, McCarthy, Trump, Kamala Harris Organizations: U.S, Capitol, Security, Florida Republican, Constitution, Republican, Trump, GOP, Democratic Locations: Florida, U.S, United States, Susan Wild of Pennsylvania, Congress
The good times should continue to roll for shares of Micron Technology , according to Wall Street analysts. The move put the company on pace for its best day since 2011 and put shares up more than 31% year to date. MU YTD mountain Shares performance this year The analyst reiterated his overweight rating and $180 price target, reflecting 88% upside from Wednesday's close. Goldman Sachs' Toshiya Hari reiterated his buy rating and adjusted his price target to $145 from $158, still pointing to a 51% gain. The analyst has a price target of $146 on Micron, signaling a 46% increase.
Persons: Harlan, Goldman Sachs, Toshiya Hari, Mark Li, Tim O'Malley, O'Malley Organizations: Micron Technology, Wall Street, Wall, MU, Micron, Barclays Locations: Harlan Sur
Donald Trump narrowly captured each on his way to collapsing the Democrats’ vaunted “blue wall” in 2016. Wages going up. Wages going up. I talk to my friends, ‘Your wages going up?’ No. The pandemic-era stimulus checks, which Trump made a point of putting his name on, also come up regularly.
Persons: Hurley Coleman III, ’ ”, Phil Kerner’s, us, ” Kerner, , Barack Obama, Donald Trump, Joe Biden, ” Coleman, Kamala Harris, Hurley Coleman, Coleman, , ” Hurley Coleman Jr, , Phil Kerner, hasn’t, Edward, he’s, Kerner, George W, Bush, Guy, “ I’m, CNN –, CNN ‘, Trump ’ Kerner, I’m, “ It’s, Hurley Coleman Jr, Harris, HJ, He’s, Trump, Biden, that’s Organizations: CNN, Trump, General Motors, GM, of God, atrophied, Phil Kerner CNN, Republican, Democratic National Convention Locations: Saginaw , Michigan, Pennsylvania, Erie, Central Michigan, Erie , Pennsylvania, Saginaw
Trademark dispute emerges over Tiger Woods' new logo
  + stars: | 2024-09-26 | by ( Jessica Golden | ) www.cnbc.com   time to read: +1 min
Tiger Woods speaks during the launch of Tiger Woods and TaylorMade Golf's new apparel and footwear brand "Sun Day Red" at Palisades Village on February 12, 2024 in Pacific Palisades, California. Tigeraire , a company that makes cooling products for athletes, has filed a notice of opposition with the U.S. Patent and Trademark Office, alleging that Sun Day Red and Tiger Woods have "unlawfully hijacked" Tigeraire's design into their own branding. Tiger Woods' new logo for his Sun Day Red golf apparel line is facing a trademark dispute. TaylorMade Golf, the company behind Sun Day Red, told CNBC, "We have full confidence in the securitization of our trademarks." Sun Day Red was launched in May, following Woods' 27-year partnership with Nike.
Persons: Tiger Woods, Woods, he's Organizations: Tiger, U.S . Patent, Sun, CNBC, Nike Locations: Pacific Palisades , California
Eric Adams told a staffer he "always" deleted messages after discussing alleged bribes. Prosecutors included some of the messages in the new indictment against the NYC mayor. Go to newsletter preferences Thanks for signing up! AdvertisementNew York City Mayor Eric Adams promised to "always" delete messages exchanged with one of his staffers who arranged Turkish government-funded trips, according to the indictment against him unsealed Thursday. "To be o[n the] safe side Please Delete all messages you send me," the Adams staffer wrote in a message to Adams, according to the indictment.
Persons: Eric Adams, Adams, Organizations: NYC, Service, York City, Prosecutors, Business Locations: York, Turkish
Rudy Giuliani has been disbarred — again
  + stars: | 2024-09-26 | by ( Jacob Shamsian | ) www.businessinsider.com   time to read: +1 min
Rudy Giuliani can no longer practice law in Washington, DC. Go to newsletter preferences Thanks for signing up! AdvertisementRudy Giuliani has officially lost his law license — in Washington, DC, this time. It is the latest indignity for Giuliani, who has been shoved out of the legal profession after promoting conspiracy theories about the 2020 election following Donald Trump's election loss, and was previously disbarred in New York. The Washington, DC, Court of Appeals handed down the disbarment order with "reciprocal discipline," finding Giuliani was unable to show why the New York decision to take away his law license was wrong.
Persons: Rudy Giuliani, , Giuliani, Donald Trump's Organizations: Service, New Locations: Washington , DC, New York, Washington ,, The Washington, DC
CNN —Federal prosecutors say New York City Mayor Eric Adams engaged in a “long-running conspiracy,” accepting luxury travel and gifts from foreign businesspeople and at least one Turkish government official. Adams, who’s been indicted on five federal public corruption charges, has denied wrongdoing and says he is being targeted because of his positions. Federal agents search Gracie Mansion, the official residence of the mayor of New York City, on September 26, 2024, after Mayor Eric Adams was indicted on federal criminal charges. That Adams, a Democrat, has been charged by prosecutors in the Southern District of New York on corruption charges does not, on its own, disprove Trump’s point. Adams remains defiant in the face of the charges, but they are clearly having an effect on New York politics.
Persons: Eric Adams, Adams, who’s, , , Gracie, Timothy A, Clary, Donald Trump’s, Trump, Sen, Bob Menendez, Trump’s, Menendez, Stormy Daniels, Attorney Alvin Bragg, Jack Smith, General Merrick Garland, Smith, George Santos, Santos, Elie Honig, Honig, Sheldon Silver, Dean Skelos, ” Honig, Alexandria Ocasio, Kathy Hochul Organizations: CNN, New York City, Getty, White, Department of Justice, DOJ, Democrat, of, New, New Jersey Democrat, Manhattan, Attorney, Trump, Republican, CNN The Southern, of New York, New York State Assembly, New York State Senate, Key New York Democrats, New York Gov Locations: New York, New York City, AFP, Southern, of New York, New Jersey, Florida, Washington , DC, York, Manhattan, Lower Manhattan, of New, New, Alexandria, Cortez
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