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☆ The media is in meltdown over Caitlin Clark
▼ + stars: | 2024-06-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The male-dominated sports media apparatus is stumbling over Caitlin Clark. He later apologized for using the slur, emphasizing that his broader thesis was that Clark’s star power created a halo around a league that’s been languishing in obscurity. “I was talking about how I hoped that the WNBA and sports media, ex-WNBA players, would show a little bit more respect to Caitlin Clark for what she has brought to the WNBA,” McAfee said on his show Tuesday. The league those women built has always been a physical one, a fact that Clark herself acknowledged in a postgame news conference. Much like Clark, the mainstream sports media is new to the WNBA.

Persons: Caitlin Clark, hasn’t, Chennedy, Clark, Pat McAfee, Clark —, ” —, “, ” McAfee, it’s, McAfee, Charles Barkley, ”, Victoria Uwumarogie, Barkley, ” Clark isn’t, She’s “, who’ve, ” Uwumarogie, Monica McNutt, ” McNutt, Stephen A, Smith, huff, ’ ” McNutt Organizations: New, New York CNN, ESPN, Indiana, WNBA, TNT, CNN, Warner Bros . Locations: New York, Indiana, America, Iowa

☆ Trump Asks Judge to Lift N.Y. Gag Order Following Conviction
▼ + stars: | 2024-06-04 | by ( Jonah E. Bromwich | Michael Gold | ) www.nytimes.com time to read: 1 min

Donald J. Trump’s lawyers on Tuesday asked the judge who oversaw the former president’s criminal trial to lift a gag order on their client as the presidential campaign intensifies. The lawyers said in a letter to the judge, Juan M. Merchan, that the end of the trial on Thursday nullified the need for the gag order, which bars the former president from attacking witnesses, the jury and others involved in the case. Mr. Trump was convicted of 34 felonies, with a jury determining that he had falsified documents related to a hush-money payment his former fixer made to a porn star in 2016. “Now that the trial is concluded, the concerns articulated by the government and the court do not justify continued restrictions on the First Amendment rights of President Trump,” the lawyers, Todd Blanche and Emil Bove, wrote in the letter.

Persons: Donald J, Juan M, Trump, Todd Blanche, Emil Bove

☆ Malibou, a Y Combinator-backed French payroll startup, just raised $3.3 million using this 11-slide pitch deck
▼ + stars: | 2024-06-04 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Malibou, a French HR and payroll startup, has raised $3.3 million in seed funding. The startup targets small and medium-sized businesses in France that lack efficient HR tools. Malibou aims to offer expert payroll support and modern HRIS, competing with firms like PayFit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMalibou, a French startup that helps small businesses with payroll and HR, has raised $3.3 million in seed funding.

Persons: —, Maxence Drummond, Breega Organizations: Service, French VC, Business Locations: France

☆ The Cost of Traveling While Gay: Passing As Straight Helps Us Travel
▼ + stars: | 2024-06-04 | by ( Timothy Moore | ) www.businessinsider.com time to read: +10 min

AdvertisementHomosexuality isn't illegal in Egypt, but the country is famous for its discrimination against the LGBTQ+ community. "Not all states have equal protection laws, especially for transgender and gender-diverse individuals," John Tanzella, president and CEO of the International LGBTQ+ Travel Association, told Business Insider. Airbnb hosts can indicate they're LGBTQ-friendly in their listings, and there are companies and entire cruise lines dedicated to gay travel. Perhaps the most comprehensive is the IGLTA, which has been helping members of the community travel safely since 1983. "The future of LGBTQ+ travel is bright," Tanzella said, though he cautioned significant hurdles still remain.

Persons: Trent, peck, we'd, we've, I'd, Equaldex, John Tanzella, Ron DeSantis, you've, Dan Leveille, it's, Leveille, Tanzella, —, I've, It's, there's, I'm Organizations: Business, Ferrari, United Arab, International, Travel, Equity, Gov, Technology Locations: Jamaica, Trent, Spain, Morocco, United Arab Emirates, Egypt, United States, Florida, Berlin, Puerto Vallarta

☆ While new electric vehicle sales are slowing, used sales are ramping up
▼ + stars: | 2024-06-04 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Sales of new electric vehicles have started to slow, but the opposite is happening with used EVs. The used car sales website Carvana saw its used EV sales more than double since last year. While increases in used EV sales are huge, they still make up a small portion of overall used vehicle sales. Used EVs still cost more, on average, than used gas-powered vehicles, but they cost a lot less than new EVs. While prices for new EVs average around $63,000, prices for used ones average around $36,000, according to Cars.com.

Persons: EVs, Carvana, wasn’t, Price, Cars.com, Truecar, “, who’ve, ”, Matt Jones, ” Manheim, “ We’ve, it’s, Grace Huang, we’ve, Tesla, Jones, Rebecca Lindland, Courtney Vaughn, “ I’m, Lindland Organizations: CNN —, EV, TrueCar, Cox Automotive, Cox, Cars.com, Chevrolet, Hyundai, Hyundai Kona EV, US Department of Locations: Georgia, New York, California, ”

☆ Caitlin Clark: Chicago Sky star Angel Reese says she will ‘take the bad guy role’ in rivalry
▼ + stars: | 2024-06-04 | by ( Kevin Dotson | ) edition.cnn.com time to read: +3 min

CNN —Chicago Sky forward Angel Reese said she will “take the bad guy role” in her rivalry with Caitlin Clark if it means continued growth for women’s basketball. Reese, who was seen clapping and hugging Carter after the hard foul on Clark, was fined for refusing to speak to the media after that game. In her first public comments since, Reese didn’t back away from her perceived role as the villain in her longstanding rivalry with Clark. 7 pick in the 2024 draft told reporters Monday: “Look where women’s basketball is. People are talking about women’s basketball that you never would think would be talking about women’s basketball.

Persons: Angel Reese, Caitlin Clark, Reese, Clark, Chennedy Carter, Carter, Hawkeye, Reese didn’t, I’ll, ” Reese, Brian Spurlock, It’s, Chennedy, it’s, “ I’m, ” Carter, “ We’ve, I’m, “, Teresa Weatherspoon Organizations: CNN, Chicago Sky, Indiana, LSU team’s, Clark’s University of Iowa, NCAA, “

☆ Plastics and Social Media: N.Y. Lawmakers’ End-of-Session Targets
▼ + stars: | 2024-06-03 | by ( Grace Ashford | Claire Fahy | ) www.nytimes.com time to read: +1 min

In New York, the state legislative session runs for roughly 60 days spread out from January to early June, but most of the actual passing of laws occurs over two periods. Kathy Hochul rush to squeeze in legislative priorities they couldn’t shoehorn into the budget. In most years, the Legislature passes roughly 1,000 bills for the governor to sign or veto. Some proposals, like a measure that would restrict social media companies from using algorithms on minors, are known to have the backing of Ms. Hochul, a centrist Democrat from Buffalo. Others — like a bill restricting state business with companies that contribute to tropical deforestation — seem likely to face a steeper road to becoming law.

Persons: Kathy Hochul, Hochul Organizations: Capitol, Lawmakers, Democrat Locations: New York, Buffalo

☆ Kylian Mbappe’s Real Madrid transfer: The full inside story
▼ + stars: | 2024-06-03 | by ( Mario Cortegana | ) www.nytimes.com time to read: +12 min

Real Madrid have been trying to land Kylian Mbappe for years — and now they finally have their man. Several meetings were held on the matter, but some senior figures at Madrid were not convinced it was a good idea. First of all, there were concerns the club’s interests could be damaged again after Mbappe’s rejection two years ago. On February 13, a Tuesday, Real Madrid played away against RB Leipzig in the first leg of a Champions League last-16 tie. In his acceptance speech, he did acknowledge Al-Khelaifi, who in 2021, 2022 and 2023 repeated that his star player would not leave PSG for free.

Persons: Mbappe, Germain, —, Madrid, Florentino Perez, “, ” Mbappe, Nasser Al, Khelaifi, ”, –, Vinicius Junior, Jude Bellingham, Perez, Jose Angel Sanchez, Sanchez, Angel Martinez, Vinicius Jr, waiving, PSG’s, Franck Fife, Carlo Ancelotti, Mbappe’s, Fayza Lamari, Mustafa Yalcin, Luis Enrique, Le Parisien, Hala Organizations: Real, Paris Saint, Santiago Bernabeu, PSG, Toulouse, Trophee des, Ligue, Athletic, Supercopa de Espana, Madrid, France, Getty, Real Madrid, RB Leipzig, Champions League, Borussia Dortmund Locations: Real Madrid, Madrid, Santiago, England, Spanish, Paris, Saudi Arabia, France, AFP, Germany, Barcelona, Anadolu, Mbappe, Monaco, Hala Madrid

☆ They Spent Their Life Savings on Life Coaching
▼ + stars: | 2024-06-02 | by ( Katie Bishop | ) www.nytimes.com time to read: 1 min

To an outsider, Billiejo Mullett is someone who has her head firmly screwed on. She’s smart and educated — a registered nurse who works for a medical insurance provider — and balances her career with a busy family life. “I’m an intelligent human being,” Ms. Mullett, 46, said. “We all think that it’ll never happen to us. That’s the really scary part.”She is part of a growing cohort speaking out about the opaque underbelly of life coaching, an unregulated industry with an often-hefty price-tag, and a significant cost reaching far beyond funds spent.

Persons: Mullett, —, “, Ms Locations: Minoa

☆ With Trump, Silicon Valley elites see AI regulation as they see fit
▼ + stars: | 2024-06-02 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

While Musk hasn't formally endorsed Trump, one reason Silicon Valley heavy-hitters could be gravitating toward a convicted former president is a desire to see less regulation on tech development in America. AdvertisementCuban, a vocal opponent of Trump who has expressed his support for Joe Biden, told Business Insider in an email that he views the support from Silicon Valley and Wall Street billionaires for Trump as "self-serving." "So unless it's very light touch, which is unlikely at this point, the more influence they have over Ai regulation the better the opportunity to advantage themselves." "It's still very early to be imposing regulation," Sacks said. That's not to say every Silicon Valley player investing in AI and Trump hopes to see an unrestrained, Wild West of artificial intelligence development.

Persons: —, Donald Trump, Elon Musk, Shaun Maguire, Trump, David Sacks, Biden, Puck, Sacks, hasn't, Mark Cuban, Joe Biden, Cuban, BRENDAN SMIALOWSKI, Maguire, Sacks didn't, Garry Tan, Y, That's, Chamath, Palihapitiya, Musk, Rishi Sunak Organizations: Service, Silicon, Trump, Business, Sequoia Capital, Venture, Wall, acc, Securities and Exchange Commission, and Wildlife Service, British Locations: Russia, Ukraine, San Francisco, America, Silicon Valley, Cuban

In recent weeks, the scene outside the criminal courthouse in Downtown Manhattan where former President Donald Trump was standing trial was one of relatively orderly anticipation. Beginning early each morning, a crowd — made up mainly of journalists and Trump supporters dressed to the nines in MAGA regalia — would begin to form outside the building, everyone settling in to await news of what was going on inside. The N.Y.P.D. had a sizable presence on the scene and had set up barricades around the courthouse entrance. But such precautions were hardly necessary.

Persons: Donald Trump, — Organizations: Trump Locations: Downtown Manhattan

☆ 'Heartsick' Jennifer Lopez cancels upcoming summer tour to spend time with family
▼ + stars: | 2024-06-01 | by ( Eve Crosbie | ) 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. Read previewJennifer Lopez has announced her decision to cancel her upcoming North American tour to spend more time with her family, telling her fans she is "devastated" about letting them down. The tour was going to be the singer's first live tour since her "It's My Party" tour in 2019. Dimitri Hakke/Getty ImagesAs Variety noted, by April, the tour had been rebranded to "This Is Me... Live: The Greatest Hits." 👏#JLo #AtlasEnMX pic.twitter.com/r2VX3XsXwi — Glamour Mex y Latam (@GlamourMex) May 23, 2024Lopez's costar, Simu Liu, intervened, responding: "OK, we're not doing that."

Persons: —, Jennifer Lopez, Jennifer, Lopez, Dimitri Hakke, Ben Affleck, México, 👏# J, lamour Organizations: Service, Business, Ticketmaster, Party, Entertainment, Hollywood Locations: Orlando, Houston, Mexico City, estreno

Wai and Hui rent a two-family house with Hui's parents. Photo by CNBC Make ItWhen the lease was up on the couple's apartment, Hui's parents knew about a two-family house in Bensonhurst that was available for rent. The average size for a Brooklyn, apartment is 660 square feet, and the average monthly rent is $3,558 a month, according to RentCafe. Wai and Hui live upstairs while his parents live in their own apartment downstairs. The couple pays $1,600 a month to live in the one-bedroom, one-bath apartment on the second floor, while Wai's in-laws pay $1,900 and live on the first floor, according to documents reviewed by CNBC Make It.

Persons: Vionna Wai, Chucky Hui, Hui, Wai, Mickey Todiwala, He's Organizations: CNBC Locations: Sunset, Brooklyn, N.Y, Bensonhurst, Williamsburg, Greenpoint, Manhattan

☆ Asia's top 4 up-and-coming rental markets that may be challenging traditional property hubs
▼ + stars: | 2024-05-31 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +3 min

Bangkok, Thailand has seen an 18.1% growth in residential rental prices on a year-on-year basis, according to JLL. Alexander Spatari | Moment | Getty ImagesSingapore and Hong Kong are generally considered Asia's more vibrant real estate markets. But some up-and-coming cities are giving these traditional hubs a run for their money, with some even beating them on rental yields. The following four cities have led the recovery in rental growth in Asia so far this year:Bangkok, ThailandResidential rental growth in Q1 2024 (y/y): +18.1% Average price to rent: THB 8,292 (about $226) per square meter annually "Rental demand has been surging in Bangkok," Allan said. This rental growth has been influenced by the stronger rent prices recorded in new high-quality offerings in the city, according to the report.

Persons: JLL, Alexander Spatari, Hong Kong, Roddy Allan, Allan, Ho Organizations: Getty Images, realty, Pacific Chief, CNBC Locations: Bangkok, Thailand, Getty Images Singapore, Hong Kong, Hong, Ho Chi Minh City, Jakarta, Manila, Asia, Pacific, expats, Vietnam, Indonesia, Philippines

☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Apple, Rivian, Nio, Costco, Qualcomm
▼ + stars: | 2024-05-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates Nvidia as overweight Wells said it's standing by shares of Nvidia. Bank of America reiterates Apple as buy Bank of America said it's bullish on an iPhone with artificial intelligence features. "We maintain our Buy rating on Apple for its multi-year upgrade cycle, gross margin upside and secular services growth." Bank of America reiterates Dell as buy Bank of America said it's sticking with its buy rating on the stock following earnings. Morgan Stanley reiterates Nio as overweight Morgan Stanley said it's standing by its overweight rating on shares of Nio.

Persons: Oppenheimer, Morgan Stanley, Wells, Wynn, it's, Jefferies, Tesla, Dell, Wolfe, Alex Chriss, Rivian, Nio, robustly, Cantor Fitzgerald, Cantor, Rosenblatt Organizations: Beazer, Nvidia, MGM, " Bank of America, Apple, Bank of America, Edison International, Qualcomm, JPMorgan, Banks, PayPal, New, Citi, Lionsgate, Lionsgate Studios, UBS, Tesla, Resilience Locations: Macau, Las Vegas, California, Cincinnati, China, Nio, NetApp

☆ Veteran investor Paul Graham breaks down why Sam Altman left Y Combinator
▼ + stars: | 2024-05-31 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

OpenAI CEO Sam Altman has faced a lot of negative press recently, impacting his once-clean image. Not least among the controversies was the collapse of OpenAI's safety team. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOpenAI CEO Sam Altman has been hit with a bout of bad press in the past few weeks, which has cast a shadow over his once-squeaky-clean image. There was also the abrupt breakdown of OpenAI's safety team, which raised doubts about the company's commitment to responsible AI development.

Persons: Sam Altman, Paul Graham, —, Scarlett Johanssen Organizations: Tech, Service, Business

☆ Y Combinator founder says Sam Altman wasn't fired
▼ + stars: | 2024-05-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI CEO Sam Altman wasn't fired from his position as Y Combinator president in 2019, the startup accelerator's cofounder Paul Graham said on Thursday. "People have been claiming YC fired Sam Altman. Both outlets reported that Altman was asked to leave the organization for favoring his personal interests over Y Combinator's. AdvertisementRepresentatives for Altman and Y Combinator did not immediately respond to requests for comment from BI sent outside regular business hours. "We do not accept the claims made by Ms Toner and Ms McCauley regarding events at OpenAI," Taylor and Summers wrote.

Persons: —, Sam Altman wasn't, Y, Paul Graham, Sam Altman, That's, Graham, OpenAI, Sam, Jessica, Jessica Livingston, Altman, he'd, 3YvBDH7oqV — Paul Graham, Graham's, Y Combinator, Combinator, OpenAI's, Helen Toner, who'd, Toner, Tasha McCauley, Bret Taylor, Larry Summers, McCauley, Ms Toner, Ms McCauley, Taylor, Summers, Toner's, Mr Altman Organizations: Service, YC, Business, we'd, Wall Street, The Washington Post, BI, OpenAI Locations: OpenAI

Citi, meanwhile, initiated Lionsgate Studios with a buy rating. JPMorgan did lower its price target on Viasat to $23 per share from $30. The analyst reiterated his buy rating, noting that AI adoption is still in the early stages. The bank initiated coverage of the TV and movie studio with a buy rating. Its price target of $14 implies upside of more than 73% from Thursday's close.

Persons: Felix Liu, — Lisa Kailai Han, Sebastiano Petti, Petti, — Jesse Pound, Oppenheimer, Tyler Batory, Batory, — Hakyung Kim, Wynn, Vitaly Umansky, WYNN, Umansky, Wolfe, Eddie, Bill Carrache, Dell Dell, Wamsi Mohan, Dell, Mohan, Goldman Sachs, Michael Ng, Ng, Morgan Stanley, we're, Erik Woodring, Woodring, Jason Bazinet, LION, COVID, Fred Imbert Organizations: CNBC, Dell Technologies, Lionsgate Studios, Citi, UBS, JPMorgan, Viasat, Homes, Wynn Resorts, Seaport Research Partners, Wolfe Research, Third Bank Regional, Dell, Bank of America, DELL, Lionsgate Entertainment, Starz Locations: Bilibili, China, Viasat, Macau, Las Vegas, Vegas, Wall, Thursday's

☆ Tesla to recall 125,227 vehicles over faulty seat belt warning system
▼ + stars: | 2024-05-31 | by ( ) edition.cnn.com time to read: +1 min

CNN —Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt warning light and audible chime may not get activated when the driver is unbelted. The recall affects certain 2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y vehicles. The remedy will remove dependency on the driver seat occupancy sensor from the software and only rely on driver seat belt buckle and ignition status to activate the seat belt reminder signals, the NHTSA said. Tesla had recalled 200,000 Model S, X, and Y vehicles in the US in January due to a software malfunction that could obstruct drivers’ visibility while reversing.

Persons: Tesla Organizations: CNN, Traffic Safety Administration, NHTSA Locations: United States

☆ These S&P 500 stocks are cheap and well-liked by analysts heading into June
▼ + stars: | 2024-05-30 | by ( Pia Singh | ) www.cnbc.com time to read: +8 min

The company has a low forward price-to-earnings ratio of roughly 8.6. Ulta Beauty also made the screen as a cheap stock that analysts are bullish on. The stock has a 14.5 forward price-to-earnings ratio and a consensus buy rating from analysts polled by FactSet. Online pickup orders inside an Ulta Beauty store in the Upper East Side neighborhood in New York, US, on Monday, Nov. 27, 2023. The stock has a 14.5 forward price-to-earnings ratio and a consensus buy rating from analysts polled by FactSet.

Persons: Jefferies, Trevor Williams, We're, FactSet, Stifel, Ulta, General Motors, Bing Guan Organizations: Dow Jones, Nasdaq, CNBC, Financial, Global Payments, Jefferies, JPMorgan, Cadillac, Chevrolet, General, FedEx, Halliburton, Gilead Sciences, CVS Health, Bloomberg, Getty, CVS, Epam, Motors, HAL Halliburton, Resorts, JBL, LKQ, Vegas Sands Corp, MGM MGM Resorts International, LSEG Financial, Inc Locations: Gilead, New York

☆ Samsung Electronics' union threatens first ever walkout next week
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +4 min

A Samsung Electronics union in South Korea will begin escalating strike action next week by staging the first ever walkout over demands for higher wages, union officials said on Wednesday. The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7 as part of broader protest measures. Samsung Electronics said in a statement on Wednesday: "We will sincerely engage in discussions with the union." Responding to Wednesday's proposed strike, a coalition of five unions at Samsung affiliates including another Samsung Electronics union questioned the intention behind the strike plan, indicating they would not join the move. Shares of Samsung Electronics closed down 3.1% on Wednesday, compared with the benchmark KOSPI's 1.7% fall.

Persons: Son Woo, mok, NSEU, Wednesday's, Jay Y, Lee Organizations: Samsung, Samsung Electronics, National Samsung Electronics Union, South, Workers Locations: Seoul, South Korea, Hwaseong

☆ Black passengers sue American Airlines, alleging they were thrown off a plane because of false body odor complaint
▼ + stars: | 2024-05-29 | by ( Marnie Hunter | ) edition.cnn.com time to read: +3 min

CNN —A lawsuit filed Wednesday on behalf of three Black men alleges “blatant and egregious race discrimination” by American Airlines when they were removed from a flight. An American Airlines representative approached each of the men before takeoff, the complaint said, ordering them off the plane. “(O)nce they reached the jet bridge, they saw that several other Black men were also being removed from the plane. In fact, it appeared to Plaintiffs that American had ordered all of the Black male passengers on Flight 832 off the plane,” the complaint reads. American representatives told the men a complaint about body odor had prompted their removal, according to the suit.

Persons: Alvin Jackson, Emmanuel Jean Joseph, Xavier Veal –, “, ”, Y’all, “ Plaintiffs Organizations: CNN, American Airlines, American, Cell, Airlines, NAACP Locations: Phoenix, JFK, New York City

☆ Tesla dangles the chance of a factory tour with Elon Musk as an incentive to get people to vote on his $55 billion pay package
▼ + stars: | 2024-05-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla is offering a potential Gigafactory tour with Elon Musk to shareholders who vote in its annual meeting. 15 investors will be chosen at random for the tour, Tesla said. The vote will address proposals regarding Musk's pay plan and moving Tesla's incorporation to Texas. AdvertisementTesla is offering shareholders the opportunity to tour its Texas Gigafactory alongside Elon Musk and the designer of the Cybertruck Franz von Holzhausen — there's just one catch. To qualify for a possible invite to the tour, investors must cast their vote on Musk's pay package.

Persons: Tesla, Elon Musk, —, Franz von Holzhausen — Organizations: Elon, Service, Texas, Business Locations: Texas

He attended the University of Virginia, where he met his Reddit cofounderAlexis Ohanian in 2014. Vince Talotta/Toronto Star via Getty ImagesWhile at university, Ohanian met Steve Huffman, who would be his Reddit cofounder. But when I arrived at my dorm at the University of Virginia, Steve was playing Gran Turismo 2, and I was like, 'Hey, what's up?' We lived together all four years of college, then almost five years after," Ohanian told Inc in 2012. "You guys need to build the front page of the internet," Graham told them, according to Inc.

Persons: Alexis Ohanian, Vince Talotta, Ohanian, Steve Huffman, Steve, Huffman, Paul Graham, Graham Organizations: University of Virginia, Toronto Star, Getty, Gran Turismo, Inc

☆ SEC embrace of ether ETFs highlights cryptocurrency's shifting political fortunes
▼ + stars: | 2024-05-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The newly opened door to ether ETFs is part of a larger story that dominated cryptocurrency markets last week: the industry's political tides appear to be shifting in its favor. Expectations of an approval were low as the week began, but flipped completely and suddenly last Monday — sending ether up 20% . Many are hailing FIT 21 as a landmark victory for the industry. "I'd be surprised if FIT 21 or something like it actually becomes law this year," said Thorn. It does portend a sweeping change in [the] Democratic leadership approach to this industry, and that can only help crypto."

Persons: Biden, Donald Trump, Rachel Lin, Oppenheimer, Owen Lau, Lau, Alex Thorn, didn't, Kirsten Gillibrand, Cynthia Lummis, I'd Organizations: Securities and Exchange Commission, SEC, Representatives, SAB, Innovation, Technology, Futures Trading Commission, CNBC, Galaxy Digital, Senate, Gillibrand, Democratic

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