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☆ Elon Musk says he’ll fix the government under Trump. His track record paints a different picture
▼ + stars: | 2024-10-22 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

CNN —Elon Musk is making some big promises while campaigning for former President Donald Trump. Musk and Trump have publicly discussed some kind of government role for the Tesla and SpaceX CEO if Trump wins the presidency. Trump on Fox News last week said Musk may serve as the “Secretary of Cost-Cutting,” a government agency that also doesn’t currently exist. At X, Musk has made significant layoffs, slashing roughly 80% of the company’s staff. At Tesla, Musk has pushed forward ambitiously in deploying “full self-driving” technology, despite multiple accidents and government warnings and investigations.

Persons: CNN — Elon Musk, Donald Trump, Musk, Trump, ”, ” Musk, “, Ron DeSantis, Tesla, FSD Organizations: CNN, Trump, Tesla, SpaceX, Department of Government, Fox News, UAW, Florida Gov, Fidelity, Traffic Safety Administration, Wall Street, X, Twitter Locations: Trump, Pittsburgh, California, Texas

☆ Jamie Dimon says he likes Elon Musk's idea to start a DOGE, or Department of Government Efficiency
▼ + stars: | 2024-09-25 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewJPMorgan Chase CEO Jamie Dimon says he approves of Elon Musk's proposal to create a new department of government efficiency — or, in Musk's words, DOGE. "Ok, so — Elon, this idea about having an efficiency commission, I actually like the idea," Dimon said in an interview with CNBC-TV18, which aired on Tuesday. This story is available exclusively to Business Insider subscribers. AdvertisementDuring the CNBC interview, Dimon said that at the moment, he will not endorse Trump or his opponent, Vice President Kamala Harris, for the presidency. Musk, representatives of Trump and JPMorgan Chase didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: —, Jamie Dimon, Tesla, Donald Trump's, — Elon, Dimon, Al Gore, Musk, Trump, Kamala Harris, Larry Fink, he's, JPMorgan Chase didn't Organizations: Service, Chase, Elon, Trump, CNBC, TV18, Business, Reinventing Government, Economic, of New, Reuters, Bloomberg, Treasury, JPMorgan Locations: of New York

☆ Elon Musk says the FAA should make Boeing pay for putting the Starliner astronauts at risk, not fine SpaceX 'for trivia'
▼ + stars: | 2024-09-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewElon Musk said the Federal Aviation Administration (FAA) should punish Boeing for its Starliner failures rather than impose "petty" fines on SpaceX. In a Thursday X post, Musk expressed his displeasure with the FAA's proposed $633,009 fine for SpaceX. "NASA deemed the Boeing capsule unsafe for astronaut return, turning, out of necessity, to SpaceX, yet instead of fining Boeing for putting astronauts at risk, the FAA is fining SpaceX for trivia!" In his rebuke of the FAA and Boeing, Musk also reposted SpaceX's Wednesday letter to top congressional leaders. Representatives of SpaceX, Boeing and the FAA didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: —, Elon Musk, Musk, Marc Nichols, He's, Donald Trump's, DOGE —, Butch Wilmore, Suni Williams Organizations: Service, Federal Aviation Administration, FAA, Boeing, SpaceX, Business, NASA, Trump, Boeing Starliner, Station, Starliner, Polaris Locations: American, New Mexico

☆ This type of coin is 'among the riskiest of cryptocurrencies,' investing expert says—here's what to know
▼ + stars: | 2024-05-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +4 min

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display on March 5, 2024 in Paris, France. As meme stocks like GameStop temporarily surged this month, it appears meme coins are having a moment as well. But before you consider investing in cryptocurrency, it's important to understand the difference between meme coins, altcoins and bitcoin. And although every meme coin is an altcoin, every altcoin isn't necessarily a meme coin. "Meme coins are among the riskiest of cryptocurrencies because they seem to emerge from nowhere and information about them can be sparse," he says.

Persons: shiba, Pepe, Bitcoin, Satoshi Nakamoto, Nakamoto, Altcoins Altcoins, James Royal, you'll Organizations: GameStop, U.S ., CNBC, Federal Trade Commission Locations: Paris, France, cryptocurrency, stablecoins

☆ Americans are expected to splurge on travel this summer — again
▼ + stars: | 2024-05-26 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities. “We haven’t seen Memorial Day weekend travel numbers like these in almost 20 years,” Paula Twidale, senior vice president at AAA Travel, said in a release. Spending this summer will likely be a little softer than last year’s, they said, but still strong. The bank’s consumer travel survey showed that 72% of people said they’re planning to travel, with 36% saying they’ve already planned their trip. Even among respondents making less than $75,000 a year, more than 60% said they’re planning to travel this summer.

Persons: ” Paula Twidale, Royal Caribbean’s, ” David Tinsley, they’ve, Joelle, aren’t, Dogecoin, Shiba Inu “, Atsuko Sato, ”, Sato, ” Kabosu, Kabosu, Shiba, Loretta Mester, Neel Kashkari, Lisa Cook, Robin, John Williams, Raphael Bostic, Lorie Logan Organizations: CNN Business, Bell, Washington CNN —, Transportation Security Administration, AAA, AAA Travel, Bank of America Institute, Bank of America, Japan, Europe, New York Fed, Public Policy Research, Mizuho Financial, Federal, Global, Index, Board, HP, Dick’s Sporting Goods, Abercrombie, Fitch, Eagle Outfitters, Costco, Dell, Dollar, Hormel, US Commerce Department, US Labor Department, National Association of Realtors, China’s National Bureau of Statistics, Atlanta Fed Locations: Washington, Caribbean, South Korea, Switzerland, Colombia, Costa Rica, Canada, Mexico, Domestically , California, Florida, California, “, Sakura, CAVA, Chewy, Burlington, Birkenstock, Nordstrom, Kohl’s

☆ Kabosu, Shiba Inu Who Helped Define the Doge Meme, Dies at 18
▼ + stars: | 2024-05-24 | by ( Isabella Kwai | ) www.nytimes.com time to read: 1 min

Kabosu, a Shiba Inu whose “much wow” face helped launch one of the defining memes of the last decade and inspired the cryptocurrency Dogecoin, died on Friday. She was 18 years old. She “crossed the rainbow bridge” on Friday, her owner Atsuko Sato said on social media, adding that she died without suffering, and as Ms. Sato was petting her. She died at home in Sakura, a city east of Tokyo, Ms. Sato said in an email on Friday. Ms. Sato began posting photos of Kabosu enjoying her life and playing at home on her blog.

Persons: Shiba, Dogecoin, “, Atsuko Sato, Sato, ”, Kabosu Locations: Sakura, Tokyo

☆ Kabosu: The dog who inspired Dogecoin has died
▼ + stars: | 2024-05-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Kabosu, the dog that launched a thousand “doge” memes, has died, her owner announced Friday. The Japanese shiba inu “fell into a deep sleep” on Friday morning at 18 years of age, Atsuko Sato wrote in a blogpost. As I was touching her, she gently passed away,” wrote Sato, a kindergarten teacher in the Japanese city of Sakura. The popularity of “doge” memes was cemented in December 2013, when Kabosu became the face of alternative cryptocurrency Dogecoin — a tongue-in-cheek response to Bitcoin that reflected the internet’s love of animal memes. An X post by Dogecoin Friday called Kabosu the community’s “inspiration.” “The impact this one dog has made across the world is immeasurable,” the post read.

Persons: London CNN — Kabosu, shiba inu “, Atsuko Sato, ”, Sato, ” Kabosu, Kabosu, shiba, Tesla, cryptocurrencies, Mai Nishiyama Organizations: London CNN, Elon, Twitter, Dogecoin Locations: “, Sakura

☆ RIP Kabosu, the celebrity canine who became the face of Dogecoin
▼ + stars: | 2024-05-24 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Kabosu, the Shiba Inu who became the face of Dogecoin, has died at the age of 18. Her quizzical expression went viral in 2010 and was later used as the cryptocurrency mascot. Elon Musk was one of Dogecoin's biggest fans, and Kabosu briefly became the Twitter logo in 2023. AdvertisementA diminutive Japanese dog who became the face of Dogecoin has died. The billionaire joked about Dogecoin on "SNL" and even briefly changed the Twitter home button to an image of Kabosu after buying the site in 2022.

Persons: Shiba Inu, Elon Musk, Kabosu, —, Dogecoin, Kabosu —, Atsuko Sato, Sato, Billy Markus, Jackson Palmer, Shiba Organizations: Service, Business Locations: Japan

☆ Memecoins are back, and the returns are so big that even hedge funds can't resist
▼ + stars: | 2024-04-24 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Memecoins are back and they're producing some wild returns even hedge funds can't ignore. Coins like Dogwifhat and Baby Doge Coin soared amid bitcoin's explosive rise in the first quarter. AdvertisementMemecoins have made a comeback amid bitcoin's big rally this year, and with skyrocketing returns in the highly volatile corner of the crypto market, some hedge funds have been jumping in, Bloomberg reported. California-based hedge fund Stratos debuted a fund that holds Dogifwhat, a token whose mascot is a dog in a beanie. Hedge fund Lekker Capital's founder, Quinn Thompson, told Bloomberg that memecoins are just another chapter in the saga of "retail frenzy," akin to the GameStop and meme stock madness in traditional markets.

Persons: Memecoins, —, skyrocketing, Stratos, Howard, rocketed, Crypto, Lekker, Quinn Thompson, Pantera, they've Organizations: Service, Bloomberg, Pantera Capital, GameStop Locations: California, New York

☆ Citadel's relocation to Miami was a success. But can Ken Griffin get the rest of Wall Street to do it?
▼ + stars: | 2024-03-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how two of the most powerful Wall Street firms are doing two years after relocating to Miami . Nearly two years ago the billionaire uprooted his hedge fund, Citadel, and market maker, Citadel Securities, from their Chicago headquarters to Miami. Employees at Citadel and Citadel Securities spoke to Business Insider's Emmalyse Brownstein about life in the new HQ . Shares tumbled 55% after The Wall Street Journal reported that Fisker had hired restructuring advisors to assist with a possible bankruptcy filing.

Persons: —, we're, sarayut Thaneerat, Tyler Le, Ken Griffin, Samantha Lee, San Francisco, Griffin, Anita Kot, Dogecoin, Elon Musk, Ned Davis, Fisker, Patrick Pleul, Andrew Cabellero Reynolds, Jenny Chang, Rodriguez, Sam Altman, Muhammad Ali, Steven Mnuchin, BI's Peter Kafka, Ezra Bailey, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Wall, Citadel, Citadel Securities, Sunshine State, Miami, New York, Ned Davis Research, Street Journal, Elon, OpenAI, Google, KKR, Benz Locations: Miami, Florida, Chicago, New York, London, York, Plenty, San, Austin, He's, Blackstone

☆ Cheems Balltze, the internet’s cheeseburger-loving dog, has died
▼ + stars: | 2023-08-21 | by ( Emily Blumenthal | ) edition.cnn.com time to read: +2 min

CNN —Cheems Balltze, a little dog whose smiling face and stocky physique went viral in memes about his passion for cheeseburgers, has died after a short battle with cancer. The 12-year-old Shiba Inu, also known as Ball Ball, underwent thoracentesis surgery on Friday but never woke up, his owner, Kathy, wrote in a post on Instagram. She said Ball Ball was set to receive further treatment for his cancer after the operation. The chubby dog with a “round smiling face” was loved by many, his owner said. He was also famous for the meme “Swole Doge vs. Cheems,” which depicts an exaggeratedly muscular dog alongside a meek smaller dog.

Persons: Cheems, Shiba Inu, Kathy, Ball, ”, Balltze, “, ” “ I’m, “ Balltze Organizations: CNN Locations: Hong Kong

☆ Elon Musk's viral Chinese doppelgänger is fighting a fake Mark Zuckerberg to give us all the best-ever preview of how the Musk vs. Zuck cage match might go
▼ + stars: | 2023-07-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Elon Musk's hilarious doppelgänger, Yilong Ma, wants us to see his own fight with Mark Zuckerbox. The meme master dukes it out with the fake Zuckerberg on a grass patch in a four-part series. With doge shorts and boxing gloves, Ma delivers on the action that Musk promised us. Elon Musk makes the promises, and Yilong Ma delivers. So in the meantime, we'll just have to settle for the next best thing and watch Zuckerbox get beat up, courtesy of Yilong Ma.

Persons: Elon, Yilong Ma, Mark Zuckerbox, Zuckerberg, Ma, Musk, Elon Musk, Mark Zuckerberg, —, K.O, Musk's, Tesla, we'll, Zuckerbox Organizations: Morning, Sporting Locations: China

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin crosses $27,000, and lawsuit accuses Elon Musk of manipulating DOGE's price: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bobby Zagotta of Bitstamp USA discusses what's next for bitcoin after a sell-off in May.

Persons: Elon, explainers, Bobby Zagotta, what's Organizations: CNBC Crypto, CNBC, Bitstamp USA, bitcoin

☆ Elon Musk said he dresses his Shiba Inu, who he says is the CEO of Twitter, like Elizabeth Holmes
▼ + stars: | 2023-04-12 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Elon Musk insisted multiple times during a BBC interview that his dog is Twitter's CEO. Musk quipped that his Shiba Inu, Floki, is the one in charge of the company. During a live interview on Twitter Spaces with BBC journalist James Clayton, Musk kept correcting Clayton when the latter called Musk Twitter's CEO. The BBC interview was one of several occasions that Musk has joked about his dog being Twitter CEO. On April 3, Musk replaced Twitter's bird logo with the Shiba Inu — or doge — meme.

☆ Breakingviews: EV double-SPAC provides only weak recharge
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

Electric-van developer Arrival just unveiled a merger with a special-purpose acquisition company, valuing it at $524 million. The twist: It already went public via a blank-check deal in 2021, at a valuation some 10 times higher. Arrival’s fall mirrors other EV hopefuls like Canoo (GOEV.O), Faraday Future Intelligent Electric (FFIE.O) and Lordstown Motors (RIDE.O). Arrival’s latest merger promises $283 million of it from Kensington Capital Acquisition Corp. V’s (KCGI.N) trust account. British startup Wejo (WEJO.O)tried a similar second-SPAC gambit, though it anticipates backing its transaction with private investment.

☆ China investment drowns out decoupling rhetoric
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, April 10 (Reuters Breakingviews) - International companies are reinforcing President Xi Jinping’s message that China is open for business. Japan Display’s (6740.T) shares soared 21% on Monday after the Apple (AAPL.O) supplier said it would provide its OLED technology to China’s HKC. And Europe’s Airbus (AIR.PA) just moved to double capacity in China, agreeing to push ahead with a second China assembly line despite failing to win any new orders during French President Emmanuel Macron’s recent state visit. The new commitments provide a reminder that multinational companies are making – and want to make more – money in the People’s Republic. At least some of the decoupling rhetoric is being drowned out.

☆ Analysis: Elon Musk escalates antics at Twitter, complicating turnaround
▼ + stars: | 2023-04-10 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

New York CNN —Under Elon Musk, Twitter has antagonized multiple major news organizations by labeling them state-funded media, appears to have eased restrictions on Russian government accounts and made crude jokes on the front of its headquarters and on Musk’s own Twitter display name. Musk has said Twitter is working to improve the platform’s ad targeting to increase value for advertisers. But it didn’t exactly go to plan — instead of removing checks from all previously verified users, Twitter appeared to target a single account belonging to the New York Times. Days later, Twitter’s home button was temporarily replaced with doge, the meme representing the cryptocurrency dogecoin, which Musk has promoted. The company also briefly restricted Twitter users from sharing links to a rival platform, upsetting users, including one who had previously reported the so-called Twitter files using documents provided by Musk.

☆ Elon Musk painted over the 'w' on Twitter's sign at its San Francisco headquarters, changing it to 'Titter'
▼ + stars: | 2023-04-10 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Elon Musk painted over the "w" in Twitter's name on the sign outside its San Francisco headquarters. He said Twitter's landlord told the company that the sign was legally required to read as "Twitter." In a tweet on Sunday, the social media platform's CEO posted a picture of the sign with the "w" painted over in white to blend in with the background. "Elon Musk, in a remarkable show of maturity, has removed the "w" from Twitter's logo outside their San Francisco HQ," LeGate's caption read. Musk has made several drastic changes to the company's San Francisco headquarters since he took over Twitter.

☆ Dogecoin's sharp rally fades after brief burst of enthusiasm around Twitter's new Shiba Inu logo
▼ + stars: | 2023-04-06 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

The rally came after Elon Musk's Twitter replaced its new homepage icon to a picture of a Shiba Inu, a nod to the joke token. When Insider reached out for comment, Twitter's press email auto-responded with a single poop emoji. The meme coin is trading at $0.086, after notching $0.1 earlier this week, the token's highest price since early February. Twitter owner Elon Musk, whose public comments regularly change the token's price, has been touting dogecoin for years. When Insider reached out for comment on the matter, Twitter's press email auto-responded with a single poop emoji.

☆ Saudi $5 bln gaming play only works on some levels
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 6 (Reuters Breakingviews) - Saudi Arabia is defriending read more Uncle Sam on oil, while deploying its video-game war chest in his backyard. Savvy Games, owned by the country’s Public Investment Fund, announced on Wednesday that it was buying U.S. mobile games specialist Scopely for $4.9 billion. Though privately held Scopely doesn’t disclose its financials, Savvy looks to be getting a good price. Less clear is how Scopely contributes to Saudi’s aims of becoming the “ultimate global hub” for gaming and pivoting its economy away from fossil fuels. If Saudi wants to create jobs from the rapid growth of domestic game consumption, it needs to turn its games M&A into gaming boots on the ground.

☆ Dealmaker Raine Group bucks the M&A blues
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, April 5 (Reuters Breakingviews) - Amid a dealmaking drought, The Raine Group’s rainmakers are creating some flow themselves. And now it has unveiled an acquisition of its own, buying Code Advisors, a technology-focused boutique M&A firm co-founded by former CBS executives Quincy Smith and Michael Marquez. It is the first purchase for Raine since it was co-founded by a group including Joe Ravitch and Brandon Gardner in 2009 in the aftermath of the last big downturn. Since then, Raine has ballooned to 170 people with about 20 partners advising on transactions such as last year’s 4.25 billion pound ($5.3 billion) sale of Chelsea Football Club. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Elon Musk’s Doge barks up SEC’s tree
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, April 5 (Reuters Breakingviews) - Elon Musk’s Dogecoin yapping might be loud enough to hear in Washington. The token’s value soared as much as 30% earlier this week after Musk-owned Twitter featured a Shiba Inu on the social media service’s homepage instead of its blue bird logo. It could help inform the crypto-skeptical U.S. Securities and Exchange Commission as it considers how to police the industry. Musk said that year that he had invested in Dogecoin, but it’s unclear how much, if any, he holds today. The SEC has largely policed crypto markets through enforcement action when it sees clear examples of tokens behaving like securities.

☆ Dogecoin soars 20% after the token's Shiba Inu mascot replaces Twitter's bird logo
▼ + stars: | 2023-04-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Dogecoin jumped 20% on Monday after Twitter users noticed the token's Shiba Inu mascot on Twitter's website. Elon Musk, who's regularly pumped the meme coin, also brushed off a lawsuit related to the token. Musk's lawyers defended his "silly" tweets about the coin, asking a judge to toss a $258 billion suit. The jump occurred as Twitter users noticed Dogecoin's distinctive Shiba Inu logo had replaced the bird icon on Twitter's website, per Decrypt's report. The coin's valued peaked around $0.74 in mid-2021, but has since spiked periodically, often on comments from Musk.

[1/2] A photo of Elon Musk is displayed on a smartphone placed on representations of cryptocurrency Dogecoin in this illustration taken June 16, 2022. REUTERS/Dado Ruvic/Illustration/NEW YORK, March 31 (Reuters) - Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc (TSLA.O) called the lawsuit by Dogecoin investors a "fanciful work of fiction" over Musk's "innocuous and often silly tweets" about Dogecoin. They said this generated billions of dollars of profit at other Dogecoin investors' expense, even as Musk knew the currency lacked intrinsic value. The $258 billion damages figure is triple the estimated decline in Dogecoin's market value in the 13 months before the lawsuit was filed.

☆ What Elon Musk has said publicly — and in private texts — on his ideas for Twitter and X, an 'everything app'
▼ + stars: | 2023-02-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +8 min

Elon Musk has discussed his plans for X, an "everything app," on Twitter and in private texts. AP Photo/Jacquelyn MartinPrivate texts about a blockchain-based platformMusk has also discussed creating a social media platform built on a blockchain. In April, the billionaire privately outlined his idea for a "Doge" social media platform in texts to his younger brother, Kimbal Musk. "I have an idea for a blockchain social media system that does both payments and short text messages/links like Twitter," Musk texted. Shortly after buying Twitter, Musk began charging Twitter users for the app's blue check mark.

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