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☆ The future of Google — and Big Tech — hangs in the balance at trial
▼ + stars: | 2024-05-02 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Google's landmark antitrust trial is wrapping up this week in DC with closing arguments, capping off a yearslong saga. AdvertisementIn the end, Judge Mehta could clear Google or find it liable, which could result in changes to its search engine contracts. Mehta could even bar Google from making future deals around its search engine. In his testimony, Google SVP Prabhakar Raghavan noted the search giant is referred to as "Grandpa Google" in some circles and cited execs' fears that its influence might be dwindling.

Persons: —, Amit Mehta, Satya Nadella, Sundar Pichai, Google's, Kent Walker, Judge Mehta, Mehta, Prabhakar Raghavan, Google Organizations: Service, Apple, Business, US, Microsoft, Justice, Google, The New York Times, DOJ, FTC, Amazon, Meta, Big Tech, AP

☆ A crypto bigwig dropped $1.5M on a watch from the Titanic as a gift for his wife
▼ + stars: | 2024-05-01 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

FTX's former head of Europe bought the most expensive Titanic relic ever auctioned. The gold watch sold for $1.5 million, and belonged to John Jacob Astor IV. Gruhn is a German crypto law veteran who formerly served as the head of FTX Europe. Gruhn is now readying the launch of a new crypto trading venue called Perpetuals, and said he plans to restart FTX Europe under a different name. "From all the facts it was clear that FTX Europe did not and couldn't know about the fraud from SBF," he said.

Persons: John Jacob Astor IV, Gruhn, —, Patrick Gruhn, Henry Aldridge, Astor, Andrew Aldridge, wasn't, Sam Bankman, Fried Organizations: Service, Titanic, titans, Henry Aldridge & Son Locations: Europe, German, America, United States, Gruhn

☆ Billionaire Cloudflare CEO's lawsuit over his neighbors' dogs is getting wild
▼ + stars: | 2024-04-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Matthew Prince is suing his Park City neighbors over their Bernese Mountain dogs. They say it's retaliation for opposing Prince's plans to build his dream home. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMatthew Prince, the billionaire cofounder of cybersecurity company Cloudflare, is waging a legal battle with his neighbors over their Bernese Mountain dogs, Sasha and Mocha. But his neighbors, Eric Hermann and Susan Fredstom-Hermann, say the suit is actually retaliation for opposing Prince's plans to build his dream home in the ritzy ski town, The Wall Street Journal reports.

Persons: Matthew Prince, Prince, —, Eric Hermann, Susan Fredstom, Hermann Organizations: City, City Hall, Service, Street, Business Locations: Mocha

☆ TikTok employees are reportedly being asked by US border patrol agents if they're part of the Chinese Communist Party
▼ + stars: | 2024-04-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

US border patrol agents have interrogated more than 30 ByteDance and TikTok employees, per Forbes. They're being asked about ties to the CCP, and the security of American user data. 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 . AdvertisementUS Customs and Border Protection (CBP) agents have interrogated more than 30 ByteDance and TikTok employees traveling to the US from China, according to a report by Forbes.

Persons: They're, Shou Zi Chew, — Organizations: Forbes, CCP, Service, Border Protection, Forbes . Employees, Chinese Communist Party, Business Locations: China

☆ Disney World now has a Michelin-star restaurant
▼ + stars: | 2024-04-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Disney's Victoria & Albert's restaurant just earned the company its first Michelin star. It's the first time a US theme park restaurant has achieved the culinary honor, Disney said. Victoria & Albert's pre-fixe menu starts at $295 per person. Disney World is probably best known for its viral and eclectic assortment of park food. But now, the park's Victoria & Albert's restaurant — which it calls its "culinary crown jewel" — has earned a coveted Michelin star, denoting greatness in the restaurant industry.

Persons: Disney, — Organizations: Michelin, Albert's, Service, Disney, Business Locations: Victoria

☆ Sandra Oh recreates iconic ‘Princess Diaries’ scene to introduce Anne Hathaway on ‘The Kelly Clarkson Show’
▼ + stars: | 2024-04-30 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Sandra Oh provided the “Princess Diaries” nostalgia that we all needed on Tuesday while introducing the star guest on “The Kelly Clarkson Show.”On a new episode of the talk show, Oh appeared in a surprise cameo in which she reprised her role as Vice Principal Gupta from the 2001 movie to help introduce the titular princess, Anne Hathaway. Mhm,” Oh said in the clip, while seated at a desk talking on the phone on the “Clarkson” set. (From left) Anne Hathaway and Kelly Clarkson on 'The Kelly Clarkson Show.' The fun gag came as fans of the beloved franchise continue to wait for more updates about a possible third installment. A sequel, “The Princess Diaries 2: Royal Engagement,” came out 20 years ago in 2004.

Persons: Sandra Oh, Kelly Clarkson, Gupta, Anne Hathaway, “ Gupta, ” Oh, Clarkson ”, ” Hathaway, Weiss Eubanks, Clarisse Renaldi, Julie Andrews, Mia Thermopolis’s, Hathaway, ”, Andy Cohen, “, it’s Organizations: CNN, New York Times

☆ Adam Neumann got cut out of WeWork's restructuring deal
▼ + stars: | 2024-04-29 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

WeWork has a new plan to get out of bankruptcy — and it doesn't involve Adam Neumann. Neumann is seeking to acquire the company he created for more than $500 million. AdvertisementWeWork has a new plan to get out of bankruptcy — and it doesn't involve Adam Neumann, who wants to acquire the flexible office provider he created. AdvertisementBut Neumann, who has recently expressed interest in purchasing WeWork for more than $500 million, doesn't plan to go down without a fight. The company filed for bankruptcy in November 2023 after the pandemic dealt a massive blow to its business model.

Persons: WeWork, Adam Neumann, Neumann, —, Cupar Grimmond, SoftBank, Yardi Organizations: Service, Bloomberg

☆ Supreme Court gives SEC a win over Elon Musk
▼ + stars: | 2024-04-29 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

The Supreme Court rejected Elon Musk's bid to get rid of his 'Twitter sitter.' He has to get legal approval for any X posts about Tesla as part of an SEC agreement. Musk argued it limits his free speech, but the court shot him down. AdvertisementThe Supreme Court isn't going to step in to help Elon Musk get rid of his "Twitter sitter." Related storiesHe filed a petition with the Supreme Court to undo the settlement in December, arguing it limited his free speech.

Persons: Elon Musk's, Tesla, Musk, —, isn't, Elon Musk, Joe Biden Organizations: SEC, Service, Securities and Exchange, SpaceX, Musk, Bloomberg

☆ Spotify's stock is surging — and its CEO is cashing out
▼ + stars: | 2024-04-29 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Spotify CEO Daniel Ek has sold $176.3 million worth of stock this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDaniel Ek, Spotify's cofounder and CEO, has sold $176.3 million worth of his stock in the streaming service this year as its shares continue to surge. On Wednesday, Ek sold roughly 400,000 shares, worth $118.8 million, according to a Securities and Exchange Commission filing. In a separate transaction in February, he sold 250,000 shares, worth $57.5 million, per filings.

Persons: Daniel Ek, Ek, —, Spotify's Organizations: Service, Securities and Exchange Commission, Business

☆ An Ivy League sophomore says he found a $105,000 side hustle: selling coveted restaurant reservations
▼ + stars: | 2024-04-27 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Brown sophomore Alex Eisler has a lucrative side hustle selling restaurant reservations. He vends them on nascent platform Appointment Trader. AdvertisementEisler told Business Insider the most expensive reservation he's ever sold was $1,358 at an omakase restaurant in Boston. Appointment Trader is just one platform helping to turn reservation-selling into a cottage industry of sorts. "It's bad for business," Eric Ripert, chef and co-owner of famed French seafood restaurant Le Bernardin, told The New Yorker.

Persons: Brown, Alex Eisler, Eisler, —, Eisler —, he's, Prime, Carbone, Insider's Linette Lopez, Tock —, Eric Ripert, Bernardin Organizations: Service, Brown University, American Express, Business, Yorker, Bloomberg, New Locations: Boston, New York City

☆ Opinion: I’m a Jewish student at Yale. Here’s what everyone is getting wrong about the protests
▼ + stars: | 2024-04-27 | by ( Opinion Ian Berlin | ) edition.cnn.com time to read: +6 min

CNN —Last week, I sat in Yale University’s Beinecke Plaza leading around 50 classmates in nigunim — wordless melodies from the Jewish Hasidic tradition — and other Jewish songs and prayers. As a fourth-year Yale student, I find this characterization to be deeply frustrating, as it could not be further from the truth. Indeed, Yale Jews for Ceasefire exists because of — not in spite of — our Jewish values. Our present moment is a precarious one for the Jewish people, fraught with disagreement about what our Jewish values mean to us. At Yale, organizers of all faiths continue to build a community that is dedicated to moving forward in collaboration with, not opposition to, Jewish students.

Persons: Ian Berlin, nigunim, Ian Berlin Ben Weiss That’s, ’, Joe Biden, —, Peter Salovey’s, Nachshon Organizations: Yale, CNN, Beinecke, Occupy Beinecke coalition, Columbia, Palestine, Jewish, Israel, Columbia University, UN, Central Locations: Beinecke, Israel, Gaza, New Haven, Beinecke Plaza, havdalah, Egypt

Microsoft and a major chemical stock were among Friday's biggest analyst calls. He also lowered his price target by $1 to $25, which implies shares can fall roughly 19% from Thursday's close. Sandler increased his price target by $27 to $200, which implies 26.6% potential upside. JPMorgan: Analyst Mark Murphy added $30 to his price target, which is now at $470. He also hiked his price target to $61 from $55, which implies upside of 8% going forward.

Persons: Morgan Stanley, Mobileye, Adam Jonas, Jonas, — Pia Singh, Stifel, Stanley Elliot, Elliott, Alphabet's, Oppenheimer, Jason Helfstein, Ross Sandler, Sandler, Brent Thill, Google's, Justin Post, Post, Wall, Raimo Lenschow, Wells, Michael Turrin, MSFT, Turrin, Mark Murphy, Murphy, Keith Weiss, Weiss, Jeffrey Zekauskas, Zekauskas, Dow, Fred Imbert Organizations: CNBC, Microsoft, JPMorgan, Dow Inc, TAM, Caterpillar, Google, Barclays, –, Jefferies, Bank of America, DOW Locations: Israel, Thursday's, reaccelerate, Wells Fargo

☆ Tesla recalled its vehicles, but Autopilot crashes kept happening: feds
▼ + stars: | 2024-04-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Feds are investigating whether Tesla's 2023 Autopilot recall worked. In December, Tesla recalled 2 million Autopilot-equipped vehicles with a software update. AdvertisementTesla recalled more than 2 million vehicles last year over crashes involving its Autopilot program. Crashes kept happening, the feds say, and now they're investigating. The NHTSA said in its notice Thursday that Autopilot issues had played an apparent role in "at least 13 crashes."

Persons: Tesla, — Organizations: NHTSA, Service, Traffic Safety Administration

☆ Trade Tracker: Steve Weiss buys more Meta
▼ + stars: | 2024-04-26 | 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 EmailTrade Tracker: Steve Weiss buys more MetaSteve Weiss, founder and managing partner of Short Hills Capital Partners, joins CNBC's 'Halftime Report' to explain his latest trade.

Persons: Steve Weiss Organizations: Short Hills Capital Partners

☆ Singer Lily Allen weighed in on an age-old airline debate, saying she flies first class, but her kids go coach
▼ + stars: | 2024-04-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Lily Allen is happy to leave her kids in economy while she flies first class. But Allen said she's not a fan of people boasting on social media about refusing to swap their first class seat with families. AdvertisementBritish singer Lily Allen has weighed into the great debate over whether children should be allowed to sit in first class on flights. Allen said she's happy to send her kids to economy class while she takes a seat in first class. "I'm going in first class, she's going in economy."

Persons: Lily Allen, Allen, she's, —, Miquita Oliver, Ethel, Marnie, David Harbour, Oliver, Miquita, Lily, ANGELA WEISS, it's, Allen doesn't, …, They've, I'd, I'm Organizations: Service, Radio Locations: British, New York, London

☆ Warren Buffett's real-estate firm will spend $250M to get out of legal hot water
▼ + stars: | 2024-04-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A real-estate brokerage owned by Warren Buffett's Berkshire Hathaway has agreed to pay $250 million to settle a lawsuit over its commission fees, according to plaintiffs in the case. AdvertisementHome sellers had sued HomeServices of America, alleging it conspired to force sellers to pay inflated agent commissions. Related stories"As we move beyond this settlement, our focus remains steadfast on ethical operations, industry integrity, and delivering value," Kelly said. AdvertisementThe group of home sellers, in this case, had also sued other brokerages and have scored millions in settlements already. Among the payouts is a whopping $418 million from the National Association of Realtors that has shaken up the real-estate industry.

Persons: Warren Buffett's Berkshire Hathaway, HomeServices, Benjamin D, Brown, Cohen Milstein Sellers, Chris Kelly, Kelly Organizations: Warren, Business, National Association of Realtors Locations: America

☆ Harvey Weinstein's NY judge shouldn't have allowed 'prejudicial' testimony from women who said they, too, had been abused: appeals court
▼ + stars: | 2024-04-25 | by ( Geoff Weiss | Natalie Musumeci | Katie Balevic | ) www.businessinsider.com time to read: +1 min

New York's top court overturned the 2020 sex crimes conviction against movie mogul Harvey Weinstein. The court said the trial made an error by allowing accusers who weren't a part of the complaint to testify. AdvertisementHarvey Weinstein's sex crimes conviction was overturned Thursday by the New York Court of Appeals, which found that he hadn't gotten a fair trial. In its 4-3 decision, the appeals court found Weinstein's trial judge had erred in allowing accusers who were not listed as a part of the criminal charges against him to testify about their own experiences. This story is available exclusively to Business Insider subscribers.

Persons: Harvey Weinstein, —, Harvey, hadn't Organizations: Service, New, Appeals, Business Locations: Manhattan

☆ 'Ozempic face' could create a huge market for fillers. One newly-public company wants to cash in.
▼ + stars: | 2024-04-25 | by ( Geoff Weiss | Julia Pugachevsky | ) www.businessinsider.com time to read: +1 min

Its CEO told Bloomberg that weight-loss drugs could boost its fillers business. Ozempic face is a result of aging and rapid weight loss, one cosmetic dermatologist said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe CEO of Swiss pharmaceutical giant Galderma thinks the popularity of weight-loss drugs like Ozempic could boost its facial fillers business. That's because Ozempic can result in a sunken-in look in some patients' faces, Galderma CEO Flemming Ornskov told Bloomberg — an effect he said fillers can help counteract.

Persons: —, Flemming Ornskov, Flemming Organizations: Swiss pharma, Bloomberg, Service, Business Locations: Swiss

☆ 2 founders of a crypto mixer charged with laundering funds from the dark web
▼ + stars: | 2024-04-25 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

The cofounders of crypto mixer Samourai Wallet were charged with money laundering. The service anonymized hundreds of millions of dollars for dark web criminals, prosecutors said. AdvertisementThe cofounders of a cryptocurrency mixing service called Samourai Wallet — which rendered crypto transactions anonymous — have been arrested and charged with money laundering, according to an indictment unsealed Wednesday. Rodriguez and Hill were charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. Related storiesThe Samourai Wallet website has been seized.

Persons: Samourai's cofounders, —, — Keonne Rodriguez, William Lonergan Hill —, Rodriguez, Hill, James Smith, haven't Organizations: Service, Prosecutors, Southern, of, FBI Locations: of New York, Portugal, DMs

☆ A real-estate agent's ritzy Hamptons beach home was used in a fake Airbnb scam
▼ + stars: | 2024-04-24 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

A real estate agent who rents her Hamptons home got caught up in an Airbnb scam. Photos of her property were used for a fake listing, The Real Deal reports. AdvertisementA Corcoran real-estate agent and East Hamptons homeowner was caught up in an Airbnb scam when a fake listing for her property showed on the rental platform, The Real Deal reports. According to the Real Deal, Sarah Stewart rents her Hamptons home in the spring and summer, but not through Airbnb. Though Stewart got the scam pages taken down, she told The Real Deal the ordeal was "terribly upsetting."

Persons: —, Corcoran, Sarah Stewart, Stewart, Airbnb, Brian Chesky Organizations: Hamptons, Service, East Hamptons, Real, Labor

☆ Trade Tracker: Steve Weiss buys more Netflix
▼ + stars: | 2024-04-24 | 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 EmailTrade Tracker: Steve Weiss buys more NetflixSteve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he's buying more Netflix

Persons: Steve Weiss Organizations: Short Hills Capital Partners, Netflix

Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom : Broadcom's AI business, which includes co-designing custom chips for tech giants such as Club holding Alphabet, is booming. The newspaper reported April 12 that Salesforce was in talks to buy Informatica, which sent the Club holding's shares plunging. Wells Fargo : Another trim is due for our Wells Fargo position after a great run for the bank stock, Jim argued. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jim, Johnson, Abbott, Andy Jassy, Bausch, Salesforce, Salesforce didn't, Tom Jorden, We've, It's, Walt Disney, Nelson Peltz's, Bob Iger's, Estee Lauder, there's, Eaton, We're, he's, Locker, he'd, Vimal Kapur, Linde, Eli Lilly, Eli Lilly's, TikTok, Joe Biden, Morgan Stanley, Morgan Stanley's, Ted Pick, Jensen Huang, Nikesh Arora, haven't, Laxman Narasimhan, Sands, Stanley Black, Decker, TJ Maxx, TJX, Wells, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Johnson, Web Services, Broadcom, VMWare, GE Healthcare, GE, Bausch Health, Costco Wholesale, Costco, Street, Informatica, Coterra, DuPont De Nemours, DuPont, Walt, Disney, Ford, GM, Philips, Siemens, Google, Honeywell, Linde, Facebook, Meta, Microsoft, Nvidia, Investors, AMD, Oregon State University, Palo Alto Networks, UnitedHealth, Procter & Gamble, Constellation Brands, Constellation, Modelo, TJX, Marshalls, Home Goods, Wynn Resorts, Jim Cramer's Charitable, New York Stock Exchange, Afp, Getty Locations: China, Informatica, Ford, Estee, U.S, mater, Palo, Corona, Wells Fargo, Wells, Macao, New York City

☆ Robert Kraft yanks support for Columbia as Israel-Gaza protests intensify
▼ + stars: | 2024-04-23 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

New England Patriots owner and Columbia donor Robert Kraft is pulling his support for the university. Columbia is being divided by protests over Israel's war in Gaza. Kraft stated he is "no longer confident that Columbia can protect its students and staff." AdvertisementRobert Kraft, the billionaire owner of the New England Patriots and a Columbia University alumnus, has pulled his support for the university, which has been racked by unrest and protests over Israel's war in Gaza. "I am not comfortable supporting the university until corrective action is taken," said Kraft, for whom Columbia's Kraft Center For Jewish Life is named.

Persons: Robert Kraft, Kraft, —, Columbia's, Nemat, Shafik Organizations: New England Patriots, Columbia, Service, Columbia University, Foundation, Combat, Columbia's Kraft Center For Jewish, CNN, Kraft Center, Jewish, NYU, Yale, Monday, Reuters Locations: Columbia, Gaza, Israel

☆ Saudi Arabia is desperately trying to woo bankers to pay for its futuristic desert city
▼ + stars: | 2024-04-22 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Neom is hosting hundreds of prospective investors for on-the-ground tours, Bloomberg reports. Saudi Arabia's government has reportedly been worried about rising costs for the futuristic city. AdvertisementFor the first time, Saudi Arabia is inviting hundreds of private bankers this week to visit Neom, its futuristic — and cash-strapped — city in the desert, Bloomberg reported. Neom CEO Nadhmi Al-Nasr will now show visitors the construction work on "The Line," the planned city between two mirrored skyscrapers. The tours will mark the first time a large group of financiers will be able to see anything of the futuristic city with their own eyes, as opposed to virtual renderings.

Persons: Neom, —, Nadhmi Al, Nasr, that's Organizations: Bloomberg, Service, AFP Locations: China, Saudi, Saudi Arabia, Neom, —, Korea, Japan, Singapore, US, France, Germany

☆ Trade Tracker: Steve Weiss sells ASML Holding
▼ + stars: | 2024-04-22 | 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 EmailTrade Tracker: Steve Weiss sells ASML HoldingSteve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC’s 'Halftime Report' to explain why he sold his position in ASML Holding

Persons: Steve Weiss Organizations: Short Hills Capital Partners Locations: ASML

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