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☆ 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

☆ Couple pays $1,600 a month for a 1-bedroom apartment in Brooklyn—they have 150 houseplants: Take a look inside
▼ + stars: | 2024-04-13 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Mickey Todiwala. "I'm just a homebody that wants to stay at home all day to play with my cats and plants," Wai says. Mickey Todiwala. Mickey Todiwala. Mickey Todiwala.

Persons: Vionna Wai, Chucky Hui, millennials, Hui, Ding, Wai, Mickey Todiwala, I've Organizations: CNBC, Florida Beauty Locations: Bensonhurst , Brooklyn, U.S, Florida

☆ Iran doesn't want to get into a full-on war, but that won't stop it threatening one
▼ + stars: | 2024-04-12 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +5 min

Israel and the US expect a potential Iranian attack following a strike on Iran's embassy in Syria. The incident has escalated the long-standing proxy war between Israel and Iran. Despite threats of a direct attack on Israel, Iran won't want a war involving the US. A long-standing proxy warThe airstrike on April 1 marked an escalation in the long-standing proxy war between Israel and Iran. Related storyIf ballistic missiles or drones do target Israel, Israel would respond, and the US has made it clear it would support it.

Persons: —, Ali Khamenei, Israel, Joe Biden, Benjamin Netanyahu, Axios, Hossein Amir, Abdollahian, Jake Epstein, Saeid Jafari, Ali Sadrzadeh, Sadrzadeh, Qassem Soleimani, Khameini, Hassan Rouhani Organizations: Service, Islamic Revolution Guard Corps, Iranian, Street Journal, Reuters, Atlantic Council, Israel, BBC News Locations: Israel, Syria, Iran, Damascus, Gaza, Lebanon, Yemen, Washington, Tehran, Iraq

☆ D.N.C. Helped Pay Biden’s Legal Bills in Special Counsel Investigation
▼ + stars: | 2024-04-12 | by ( Reid J. Epstein | ) www.nytimes.com time to read: +1 min

Even as some of President Biden’s top campaign officials were attacking Donald J. Trump’s campaign for soliciting donations to pay his legal fees, the Biden-aligned Democratic National Committee was helping pay for lawyers in the special counsel investigation into Mr. Biden’s handling of classified documents. has directed at least $1.7 million to lawyers since July to cover the president’s representation in the documents inquiry, a figure that pales in comparison to Mr. Trump’s use of supporters’ donations to pay his hefty legal fees. The former president has spent more than $100 million on legal bills since leaving office, relying almost entirely on donations. Federal Election Commission records show that since the investigation began last year, the D.N.C. has paid $1.05 million to Bob Bauer, the president’s lawyer.

Persons: Biden’s, Donald J, Bob Bauer, Jennifer Miller, Biden, ”, —, Axios, Barack Obama Organizations: Biden, Democratic, Committee, Commission Locations: Boston

☆ 'I think the VCs won't touch this': Bullpen Capital's Duncan Davidson reacts to Adam Neumann's $1B startup
▼ + stars: | 2024-04-11 | 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 Email'I think the VCs won't touch this': Bullpen Capital's Duncan Davidson reacts to Adam Neumann's $1B startupDuncan Davidson, co-founder of Bullpen Capital, and Dan Primack, Axios business editor, join CNBC's 'The Exchange' to share their reactions to Adam Neumann's new real estate startup, Flow.

Persons: Capital's Duncan Davidson, Adam Neumann's, Duncan Davidson, Dan Primack, CNBC's Organizations: Bullpen Capital

☆ Axios Sees A.I. Coming, and Shifts Its Strategy
▼ + stars: | 2024-04-11 | by ( Katie Robertson | ) www.nytimes.com time to read: 1 min

In the view of Jim VandeHei, the chief executive of Axios, artificial intelligence will “eviscerate the weak, the ordinary, the unprepared in media.”The rapid rise of generative A.I. — and its implications for how people will discover and consume news — has unsettled many media executives. Now he’s becoming one of the first news executives to adjust their company’s strategy because of A.I. Mr. VandeHei says the only way for media companies to survive is to focus on delivering journalistic expertise, trusted content and in-person human connection. For Axios, that translates into more live events, a membership program centered on its star journalists and an expansion of its high-end subscription newsletters.

Persons: Jim VandeHei, VandeHei

☆ Congress back in session: Here's what's on the legislative agenda
▼ + stars: | 2024-04-09 | 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 EmailCongress back in session: Here's what's on the legislative agendaCNBC’s Emily Wilkins and Axios Congressional reporter Juliegrace Brufke join 'Squawk Box' to discuss what's on Congress' legislative agenda as it returns to session this week.

Persons: Here's, Emily Wilkins, Juliegrace Brufke

☆ Trump plays the same songs from his iPad over and over when DJ-ing at Mar-a-Lago: report
▼ + stars: | 2024-04-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Trump's playlist comprises classic hits like Lionel Ritchie's "Hello" and Elvis' "Suspicious Minds." Trump's DJ-ing appears to have become a popular fixture at his clubs, with regulars nicknaming him "Deejay T," per Axios. Trump's playlist, an individual close to the former president told Axios, was all about having "big names and songs people recognize." AdvertisementThis isn't the first time Trump's DJ-ing has come under the spotlight. 'Y.M.C.A.,'" Trump said.

Persons: Donald Trump, Lionel Ritchie's, Elvis, —, DJ, Trump's, nicknaming, Christ, James Brown, Luciano Pavarotti, Axios, Page, Trump, I've, Rihanna, Pharrell Williams Organizations: Service, Opera, Mar, Boys, NELK, Village People, Trump, Business Insider Locations: he's, Florida, New Jersey, Mar, Bedminster , New Jersey

☆ How Trump managed to lose $1 billion in net worth in a single day
▼ + stars: | 2024-04-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

That’s kinda what happened for investors in Trump Media & Technology Group, the troubled owner of Truth Social, on Monday. Even with Monday’s stumble, the stock is still up about 200% over the past six months, giving it a $6.6 billion valuation that defies logic. Trump Media, aka TMTG, generated just $4.1 million in revenue last year. But if history repeats, or even echoes, with Trump Media, investors may want to buckle up. Bottom line: Monday’s slump is hardly game over for Trump and his social media company.

Persons: CNN Business ’, Wile, Coyote, Monday’s, Matt Egan, It’s, ” Axios, Dan Primack, “, Donald Trump, David, dusts Organizations: CNN Business, New York CNN, Trump Media & Technology Group, Truth, Trump Media, GameStop, Trump Locations: New York, selloff

☆ US told Iran it had no involvement or advance knowledge of consulate strike in Syria, US official says
▼ + stars: | 2024-04-02 | by ( Arlette Saenz | ) edition.cnn.com time to read: +2 min

Washington CNN —The United States told Iran it was not involved and had no advance knowledge of Monday’s strike on an Iranian consulate in Damascus, Syria, a US official said. The communication comes amid concern about the war between Israel and Hamas widening to a broader regional conflict. Iran has vowed retaliation after a strike it blamed on Israel killed two of its top commanders and five others at its consulate in Syria. “The United States had no involvement in the strike and we did not know about it ahead of time,” a National Security Council spokesperson said. The US has accused Iran of supporting proxy attacks on US and Western targets since the outbreak of the Israel-Hamas war.

Persons: ”, Axios, Matthew Miller, Hossein Amir, Abdollahian, ” Amir Organizations: Washington CNN, United, National Security, US, State Department, Iran’s, Foreign Ministry, CNN Locations: United States, Iran, Iranian, Damascus, Syria, Israel, Swiss, Tehran, Jordan, Iraq

☆ Trump Media's 2023 losses add up to more than $58 million, stock sinks
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump Media's 2023 losses add up to more than $58 million, stock sinksDan Primack, Axios business editor, joins 'Fast Money' to discuss the struggles of the DJT stock and Truth Social.

Persons: Dan Primack Organizations: Trump

☆ Opinion | Trump Is Financially Ruining the Republican Party
▼ + stars: | 2024-03-31 | by ( Michelle Cottle | ) www.nytimes.com time to read: +2 min

Which leads me to gently note: Hey, Republican Party, pay attention! You are being herded toward potential financial ruin. One might assume that a presidential nominee who generates as much devotion as Mr. Trump would be a financial boon to his party. With Mr. Trump, everything is about Mr. Trump. ($44.8 million).” While the Republican base may be smitten with Mr. Trump, plenty of big-money donors are skittish about bankrolling his nonsense.

Persons: Donald Trump, barker, aren’t, Trump, MAGA, Biden’s, Axios, “ The Organizations: Republican Party, Congress, “ The Biden, Trump, Republican, Miss Universe

☆ Detroit is getting ready to host the NFL draft a decade after going bankrupt
▼ + stars: | 2024-03-31 | by ( George Glover | ) www.businessinsider.com time to read: +7 min

Detroit is set to host the NFL draft next month, a decade after it went bankrupt. Mayor Mike Duggan told BI that he hopes the event will reintroduce the city to the rest of the US. AdvertisementThe new DetroitApril's NFL draft — one of the biggest weekends on the sporting calendar — is set to bring eyeballs back to Detroit. AdvertisementDowntown Detroit will host the 2024 NFL draft. "No matter where you went in southeastern Michigan, everyone was smiling and talking to each other about the Lions," Duggan added.

Persons: Mike Duggan, —, Duggan, Axios, Joshua Lott, Bill Pugliano, it'll, we've, Kirby Lee, Dan Gilbert, who's, Jared Goff, Dan Campbell, Gilbert, Kyusung Gong, it's Organizations: Detroit, NFL, Lions, Service, Ford, GM, Detroit Free Press, Reuters, Economic, KC, Sports, Vegas and Kansas City, Getty, Cleveland Cavaliers NBA, Tampa Bay Buccaneers, Los Angeles Rams, San Francisco 49ers, The Lions, NCAA College Locations: Detroit, Midwest, Korean, Michigan, America, Motor City, Reuters Detroit, Detroit ., Kansas City, Vegas and Kansas

☆ The upcoming solar eclipse will cause shallow, cumulus clouds to disappear. Researchers explain why
▼ + stars: | 2024-03-30 | by ( Ayurella Horn-Muller | ) edition.cnn.com time to read: +11 min

That’s at least what scientists expect to take place in swaths of Mexico, Canada and the United States during April 8’s total solar eclipse. They discovered that cumulus clouds dissipate during eclipses because of the relationship between solar radiation and the formation processes of the clouds. Shallow cumulus clouds, in particular, serve a critical function. But what exactly shallow cumulus clouds’ role is when it comes to the rapidly warming climate remains a long-standing subject of uncertainty in the scientific community. De Roode hopes those across North America gearing up for the next solar eclipse remember to keep an eye out for any vanishing low-lying cumulus clouds.

Persons: CNN —, ”, Victor Trees, Jake Gristey, Gristey, “, Kevin Knupp, Knupp, Stephan de Roode, de Roode, ” de Roode, ’ Gristey, De Roode, Ayurella, Muller Organizations: CNN, Environment, geoscience, Delft University of Technology, cumulus, Cooperative Institute for Research, Environmental Sciences, University of Colorado Boulder, University of Alabama, Climate Locations: Mexico, Canada, United States, Netherlands, Africa, Huntsville, North America, Axios

☆ Minnesota Timberwolves sale to Alex Rodriguez and Marc Lore falls apart
▼ + stars: | 2024-03-28 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Co-owners Alex Rodriguez, right, and Marc Lore of the Minnesota Timberwolves during a game against the Los Angeles Lakers at Target Center Minneapolis, Minnesota, on Dec. 30, 2023. The National Basketball Association's Minnesota Timberwolves and the Women's National Basketball Association's Lynx are no longer for sale after a deal with former baseball great Alex Rodriguez and businessman Marc Lore fell apart, the teams' owner Glen Taylor said Thursday. In a statement to CNBC, Lore and Rodriguez said they are disappointed with Taylor's comments. However, those circumstances did not occur," Taylor's statement said. Some reports suggest that the relationship among Taylor, Lore and Rodriguez became strained since the original deal was made.

Persons: Alex Rodriguez, Marc Lore, Glen Taylor, Rodriguez, Marc, Alex, Taylor, Lore, Taylor's, Glen, Axios Organizations: Minnesota Timberwolves, Los Angeles Lakers, Target Center, Basketball Association's Minnesota Timberwolves, Women's, Basketball, Timberwolves, Lynx, CNBC, NBA, Carlyle Group, Western Conference Locations: Target Center Minneapolis , Minnesota

☆ Non-members will no longer be able to buy Costco's iconic $1.50 hot dog combo
▼ + stars: | 2024-03-27 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Starting next month, you might need to pay $60 for access to Costco's famous $1.50 hot dog. That's because the wholesale retailer will soon be barring non-members from dining at a number of its food courts. Though shopping at Costco and enjoying the chain's deals and discounts has always required an annual membership, the food court has traditionally been open to the public. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Rich Galanti Organizations: Costco, CNBC Locations: Issaquah , Washington

☆ The next phase of AI is here — and it's not looking pretty
▼ + stars: | 2024-03-26 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AI companies run into hurdlesOne of the more eye-opening developments of this new phase came last week from a barely two-year-old OpenAI rival named Inflection AI. Related storiesIt has quickly become apparent that Inflection AI wasn't the only one struggling, however. Stability's Mostaque, meanwhile, seems to have conceded that Big Tech companies wield unassailable power in AI. In a post on X, he said that centralized AI was not going to be beaten with "more centralized AI". Not going to beat centralized AI with more centralized AI.

Persons: —, Bill Gates, Mustafa Suleyman, DeepMind, Suleyman, Reid Hoffman, Gates, Eric Schmidt, Emad Mostaque, Googlers —, Ali Barr, Pi, Cohere, Stability's Mostaque, ike C oatue Organizations: Service, Nasdaq, Business, Big Tech, Microsoft, Nvidia

☆ After traveling in a van for 2 weeks, I saw how the lifestyle could be cheaper than my Denver life
▼ + stars: | 2024-03-23 | by ( Monica Humphries | ) www.businessinsider.com time to read: +7 min

I wanted to explore the US, but I also wanted to see if van life was something I could do full-time. I quickly realized that these small costs — eating out, gas station snacks, souvenirs — are where van life can get expensive. AdvertisementSo finding a lifestyle like van life, which includes adventure and potential savings, sounds too good to be true. Monica Humphries/Business InsiderI experienced ways that living in a van could be cheaper than my lifestyle todayThere are hidden costs that come with van life. I'm not saying van life is necessarily cheaper than city living, but I am convinced it can be if I work at it.

Persons: —, ProMaster, I've, Apartments.com, Axios, It's, Brittany Newson, Monica Humphries, it'd, Zach Nelson, Joe's, Joshua, Ram, van, I'd, I'm Organizations: Service, Denver, Mercedes, Benz, Costco, Walmart Locations: Denver , Colorado, Denver, Southwest America, Plenty, San Fransico, Joshua Tree

☆ Why a small China-made EV has global auto execs and politicians on edge
▼ + stars: | 2024-03-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +12 min

The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will "demolish" global rivals without trade barriers. Caresoft, an engineering benchmarking and consulting firm, has already torn down one China-built BYD Seagull and is preparing to do another. Michael Wayland / CNBCThe consulting firm tore apart the BYD Seagull piece by piece to benchmark the small EV against vehicles from other startups and traditional automakers. Its initial study of the BYD Seagull found it to be efficiently and simplistically designed, engineered and executed, but with unexpected quality and anticipated reliability. Growing concernsBYD's rise comes at a precarious time for global auto industry dynamics.

Persons: It's, Terry Woychowski, Warren Buffett, —, BYD, Tesla, Elon Musk, Caresoft Bernstein, Nissan, Michael Wayland, Caresoft, simplistically, Woychowski, Mathew Vachaparampil, CNBC BYD, Stellantis —, Donald Trump, Zach Gibson, Jennifer Granholm, Republican Sen, Marco Rubio, Trump, –, GM Dong, Tang, Marin Gjaja, Gjaja, Ford, you've, Evelyn Cheng, Dylan Butts Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, U.S, General Motors, Caresoft, Alliance for American Manufacturing, Overseas, Chevrolet, Nissan Leaf, Bolt, Chicago Federal Reserve, BYD, CNBC, Cox Automotive, Seagull, Tesla, Toyota Motor, Nissan Motor, Honda Motor, Hyundai, Kia, — GM, Ford, Chrysler, U.S ., Washington , D.C, Bloomberg, Republican, North American Free Trade, Republicans, Buick, SAIC, GM, GM Dong Yue Motors Co, Detroit Locations: Shanghai, LIVONIA, Mich, –, China, Europe, Latin America, Detroit, Texas, Germany, Japan, U.S, Livonia , Michigan, America, XPENG, Mexico, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, ., Washington ,, United States, Marco Rubio of Florida, Yantai, Shandong Province

☆ Redditors bank millions of dollars as a group on stock's opening day
▼ + stars: | 2024-03-21 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Reddit power users who participated in the company's IPO made millions of dollars as a group in profits after the stock's big jump in its first day on the market. It's a model that was used by companies like Airbnb , Rivian and Doximity to reward their loyal users and customers. In a reply to LearnedButt, Reddit user friskevision wrote, "Although I didn't invest as much as you, I did make a quick $1,500. Reddit user Reepicheepee made a small investment in the shares. The Reddit user Galactic responded, "High-5, fellow DSP dumper," adding, "Never thought this site would make me money, but here we are!"

Persons: Redditors, Drew Vollero, Axios, —, LearnedButt, friskevision, Reddit, blackberrydoughnuts, Reepicheepee, follysurfer, subreddit, Steve Huffman, Huffman, Redditor erjo5055 Organizations: New York Stock Exchange, Inc, CNBC, GameStop, AMC Entertainment, Galactic Locations: It's

☆ Sam Bankman-Fried's lawyers say prosecutors are treating their client like a 'depraved super-villain' with 'dark and megalomaniacal motives'
▼ + stars: | 2024-03-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's lawyers slammed the 40 to 50-year prison sentence prosecutors recommended. Bankman-Fried's lawyers accused prosecutors of casting him as a "depraved super-villain." AdvertisementLawyers for Sam Bankman-Fried are pushing back against the 40 to 50-year prison sentence prosecutors have recommended for their client. "It adopts a medieval view of punishment to reach what amounts to a death-in-prison sentencing recommendation," Bankman-Fried's lawyers wrote. Related storiesThis isn't the first time Bankman-Fried's lawyers have pleaded for leniency.

Persons: Sam Bankman, —, Lewis Kaplan, Fried, Marc Mukasey, Mukasey, they've, Barbara Fried, Kaplan Organizations: Service, Bankman Locations: Delaware

☆ A former White House aide complained that there are 'too many Obama people' in the administration 'who don't care' about Biden
▼ + stars: | 2024-03-18 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Some Biden staffers aren't happy that many Obama alums were given higher-level roles over longtime Biden aides, per Axios. "We do have too many Obama people who don't care about Joe Biden," an ex-White House official said. "We do have too many Obama people who don't care about Joe Biden," an ex-White House official told the outlet. Axios reported that Biden privately told staffers he could've beaten Trump in 2016 had he been the Democratic nominee that year. "As President Biden has said, President Obama is family to him," Bates added.

Persons: aren't, Obama, Joe Biden, —, Barack Obama, Biden, Donald Trump, We're, Axios, Hillary Clinton, could've, Andrew Bates, Bates Organizations: Biden, White House, Service, House, Democratic, Obama, Trump Locations: Illinois, Washington, Delaware

☆ An ex-Biden aide said Obama staffers thought Biden would 'suck' in the White House
▼ + stars: | 2024-03-18 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

"The Obama people thought Biden would suck as president," an ex-Biden aide recently told Axios. The Axios report detailed a relationship between Obama and Biden that is respectful but complicated. But according to Axios, some of Obama's former staffers were also highly skeptical that Biden would be an effective president. "The Obama people thought Biden would suck as president," an ex-Biden aide told the outlet. "As President Biden has said, President Obama is family to him," he told the outlet, adding that the president "talks to both former President Obama and President [Bill] Clinton often."

Persons: Biden, Obama, Axios, —, Joe Biden's, Barack Obama, who've, who'd, Donald Trump, Andrew Bates, Bill, Clinton Organizations: Biden, Service, Democratic, Affordable, White Locations: Delaware, Washington

☆ Healthcare staff use their panic buttons more often during a full moon, study finds
▼ + stars: | 2024-03-17 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Healthcare workers use their panic buttons more often during a full moon, a study found. Regardless of the moon, healthcare workers are five times more likely to face workplace violence. A new study suggests that healthcare workers use their panic buttons more frequently during a full moon, according to an analysis by Canopy, a hospital safety company. Regardless of the phase of the moon, healthcare workers have always faced a greater degree of workplace violence and, in recent years, it has only gotten worse. Surveys among nurses and physicians have reported significant increases in rates of violence toward healthcare workers since 2018.

Persons: —, Axios, Shan Sinha Organizations: Hospital staff, Service, US Bureau of Labor Statistics

☆ Some wealthy people lost millions in the FTX collapse. But others say they've lost their entire life savings.
▼ + stars: | 2024-03-16 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

The memo includes statements from victims who say their lives have been upended by the FTX collapse. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . At the time of the collapse, FTX's bankruptcy filings said that the exchange could owe money to about one million creditors. If you lost money in the FTX collapse and would like to share your story, reach reporter Lloyd Lee at (646) 768-1630.

Persons: Sam Bankman, —, Tom Brady, Brady, Axios, Lloyd Lee Organizations: Service, Star NFL, Companies, Sequoia Capital Locations: Africa, FTX, Delaware

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