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☆ Tackle these 14 factors to lower dementia risk, report suggests
▼ + stars: | 2024-07-31 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

But addressing 14 risk factors over the course of one’s life — starting in childhood — could prevent or delay nearly half of cases, according to a large report by 27 dementia experts. “The progress in preventing and treating dementia is accelerating.”The initial 12 risk factors were linked with 40% of cases, but the new report suggests addressing the 14 risk factors could help eliminate or delay 45% of dementia cases, said Livingston, a professor of psychiatry of older people at University College London. This “critical” update calls attention to two risk factors that preventive neurologist Dr. Richard Issacson says his clinical practice has been evaluating for over a decade. Influencing brain functionThe report doesn’t establish with certainly that these risk factors directly cause dementia, experts said. But other research has provided theories on the link between these vulnerabilities and dementia risk.

Persons: CNN —, ”, Dr, Gill Livingston, Livingston, Richard Issacson, Isaacson, wasn’t, It’s, Klaus Ebmeier, Ebmeier wasn’t, ” Livingston, Glen R, Finney, Alzheimer’s, Susan Kohlhaas, Kohlhaas, …, ” Finney Organizations: CNN, Lancet, University College London, University of Oxford, American Academy of Neurology, Alzheimer’s Research Locations: midlife, Florida, Wilkes Barre , Pennsylvania, €

☆ U.S. Olympic and Paralympic Foundation president Christine Walshe on Team USA funding goals
▼ + stars: | 2024-07-31 | 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 EmailU.S. Olympic and Paralympic Foundation president Christine Walshe on Team USA funding goalsChristine Walshe, U.S. Olympic and Paralympic Foundation president, joins 'Squawk Box' to discuss the funding behind U.S. Olympic and Paralympic teams, the foundation's fundraising campaign, and more.

Persons: Christine Walshe Organizations: U.S, Olympic, Paralympic Foundation, Team USA, Paralympic Locations: U.S

The information for the following product(s) has been collected independently by Business Insider: Alaska Airlines Visa Signature® credit card, Alaska Airlines Business Credit Card, Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bold® Credit Card, Marriott Bonvoy Bountiful™ Card. How to earn Alaska Airlines milesThere are two types of Alaska miles: Elite-qualifying miles and redeemable miles. Earn Alaska miles for car rentalsYou can opt-in to earn Alaska miles when you rent cars through Alamo, Avis, Budget, Dollar, Hertz, National, or Thrifty. Alaska Airlines Mileage Plan is a highly lucrative frequent flyer program even if you never actually fly on Alaska Airlines. Redeem Alaska miles for flights on partner airlinesUsing Alaska Airlines miles for award flights on partner airlines is perhaps the best way to use your Alaska miles.

Persons: Insider's, Merrill, You'll, you'll, Bilt, Marriott, Regis, Chase, we've, Alaska Miles, Finance Insider's, Read, it's, Miles, —, Harlan Vaughn Harlan Vaughn, he’s, Harlan, Joseph Hostetler, Joseph, Guy Organizations: Business Insider, Alaska Airlines, Alaska Airlines Business Credit, Marriott, Oneworld, American Airlines, Alaska, of America, Bank of America, Bank of America Alaska Airlines, Alaska Airlines Visa, Bank of America Alaska Airlines Visa Business, Card Alaska Airlines Business, Alaska Airlines Business, Alaska Airlines Lounge, Alaska Airlines You'll, British Airways, Cathay, Qantas, Aer Lingus, Singapore Airlines, Aer Lingus Air Tahiti Nui, Airlines * British Airways, Condor, Al Fiji Airways, Japan Airlines, Air LATAM Airlines Malaysia Airlines, Mokulele, Southern Airways Express Qantas, Alaska Royal Air Maroc, Singapore Airlines Sri, Oneworld Connect, Marriott Bonvoy, Ritz, Carlton, TSA, Global, TSA PreCheck, American Express, Cell, New Hampshire Insurance Company, AIG Company, American, Navy, Hertz, Wine, Alaska Miles Worth ? Alaska Airlines, Finance, Fiji Airways, Emirates, Cathay Pacific, Nonprofit, Dream, Foundation, Nature Conservancy Locations: Alaska, Hawaii, Cathay Pacific, Emirates, Hainan, Iberia, Qatar, Royal Jordanian, Singapore, Marriott Bonvoy, IHG, Marriott, Alamo, Avis, Thrifty, Alaska Miles Worth ?, U.S, Australia, Fiji, East, Africa, Hong Kong, Dubai, Doha, Canada, Europe, Cathay, Asia, Dallas , Texas

☆ Who was the Hamas chief killed in Tehran as the war in Gaza rages?
▼ + stars: | 2024-07-31 | by ( Jessie Yeung | ) edition.cnn.com time to read: +5 min

Hamas and Iranian state media said Wednesday that the 62-year-old had been killed in the Iranian capital Tehran. Hamas claimed Haniyeh was killed in an Israeli “strike” on his residence, while the Israeli military declined to comment when contacted by CNN. Haniyeh’s death strikes a significant blow to Hamas at a time when tensions are flaring across the Middle East over the devastating war in Gaza, and raises fraught questions about the future of negotiations between Israel and Hamas. Haniyeh was born in a refugee camp near Gaza City, and joined Hamas in the late 1980s during the First Intifada, or uprising. Iranian President Masoud Pezeshkian (right) meets Hamas political leader Ismail Haniyeh (left) at the president's office in Tehran, Iran, on July 30, 2024.

Persons: CNN — Ismail Haniyeh, Haniyeh, Masoud Pezeshkian, Ismail Haniyeh, ”, Sheikh Ahmed Yassin, Abdel Aziz Rantisi, Donald Trump, – Haniyeh, Israel, “, Bashar Taleb, Benjamin Netanyahu, Barak Ravid, Wang Kejian Organizations: CNN, Hamas, Ministry of Health, Getty, CNN Political, International Criminal Locations: Israel, Gaza, Hamas, Tehran, Israeli, East, Gaza City, Askalan, Ashkelon, Iran, United States, Washington, Jerusalem, Deir el, Qatar, Egypt, Rome

☆ Meta's advertising growth is proof that hefty AI spending is already paying off
▼ + stars: | 2024-07-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Meta reported revenue growth of 22% from a year earlier to $39.07 billion, with 98% of its sales coming from advertising, primarily on Facebook and Instagram. Its growth rate was double that of Google's ad business, which saw sales increase 11% to $64.6 billion, Alphabet said in its earnings report last week. Meanwhile, Pinterest and Spotify , which are both significantly smaller than Meta, reported revenue growth of 21% and 20%, respectively, in their latest reports. As in previous quarters, Li said Meta's advertising business benefited from online commerce, gaming and the media and entertainment sectors, and that ad growth continued to be strongest in the Asia-Pacific region. She said the company's "improved ad performance" helped lift overall ad prices despite slowing growth in that region.

Persons: Mark Zuckerberg, Emily Chang, Zuckerberg, Susan Li, Li Organizations: Meta, Inc, Facebook, Spotify, Apple Locations: Menlo Park , California, Asia, Pacific

☆ Amazon has discussed a 'DoctorAI' tool to automate routine healthcare tasks
▼ + stars: | 2024-07-31 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

Read previewAmazon's One Medical team has discussed building a new large language model called "DoctorAI" to automate routine healthcare tasks, according to an internal planning document obtained by Business Insider. In one section, the One Medical team discusses their most disruptive ideas, and this is where the new AI tool was proposed. Big foundation models are often used as a starting point to develop more focused, specialized AI models and tools. "We do not use our customers' protected health information to train our current health AI models, and to imply we do would be incorrect." It also hoped to handle 87,000 customer service contacts in 2024 through "additional self-service content and the AI healthcare assistant service," the document stated.

Persons: —, Andy Jassy, Rohit Prasad, Sunita Mishra Organizations: Service, Business, Amazon Pharmacy, Olympus, Microsoft, Google, Amazon, Amazon Web Services

☆ Opinion | Trump’s Ideas Threaten the Foundation of America’s Economy
▼ + stars: | 2024-07-31 | by ( Rebecca Patterson | ) www.nytimes.com time to read: +1 min

It determines the cost of your day-to-day life, such as your mortgage, credit card bills and business loans. You might not know it’s there, but you’ll sorely miss it if it ever goes away. The $27 trillion U.S. Treasury market, the largest government bond market in the world by multiples, is the starting point for the cost of capital. Policy proposals from Donald Trump and his circle threaten the huge advantages the United States enjoys from this market. Still, the potential fallout from this particular set of ideas would be a significant disruption to the Treasury market and everything that depends on it, including interest rates.

Persons: you’ll, Donald Trump Organizations: Treasury, Federal Locations: United

☆ Chinese EV makers are outpacing Tesla in one key area
▼ + stars: | 2024-07-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewTesla is fighting to keep its EV crown, and Chinese automakers are already challenging Elon Musk's company in one crucial area: Innovation. The Washington DC-based think tank found that Chinese EV companies are 30% faster when it comes to developing and releasing new car models than automakers in other regions, including Tesla. AdvertisementAdditionally, Chinese electric-car companies like BYD are pumping out more new EVs than US automakers, including Tesla, ITIF said. The Think Tank warned US carmakers would need to "double down on genuine technological innovation" if they wanted to continue to compete with Chinese companies. Musk's company has been facing mounting pressure from EV companies in China, including BYD, which has been vying with Tesla for the title of top EV seller .

Persons: —, ITIF, Tesla, China's BYD, Li Auto, Musk Organizations: Service, Elon, Information Technology, Innovation Foundation, The Washington DC, EV, Business, BMW, Tesla, Reuters Locations: China

☆ In the age of AI, there's no future for workers content with being code monkeys — and they know it
▼ + stars: | 2024-07-30 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

"I think there will be a change in the way a software engineer works, and instead of five software engineers you might need four in future," she said. AdvertisementHe said that people who studied software engineering before the rise of AI tools have a stronger foundation because they have "written code from scratch." AdvertisementAn added that foundational knowledge in "algorithms, data structures, software engineering, and other critical areas" is essential for advancing AI technologies. David Malan, a computer science professor at Harvard, told BI that AI tools could be a plus for aspiring software engineers who know how to leverage them. Tejas Rajagopal, a recent computer science graduate from NTU, said he's been trying to expand his skillset to strengthen his chances of landing a job.

Persons: —, Arpita Kaushik, Aditya Swami, Hatcher, Swami, Kaushik, It's, hasn't, Adrian Goh, Goh, Kan Min Yen, Kan, Bo An, David Malan, Malan, he's, Rajagopal Organizations: Service, Google, Business, IBM, Rocket Mortgage, National University of Singapore, Nanyang Technological University, NTU, Harvard, Tejas Locations: Singapore, Hatcher, Asia

☆ The 10 worst states to retire in the U.S.—No. 1 isn’t California or New York
▼ + stars: | 2024-07-30 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate's study of the best states to retire in 2024. If you're looking for space to spread out during retirement, Alaska is the largest U.S. state by land area. However, it state ranked poorly across a number of Bankrate's measurements. Here are the 10 worst states to retire, according to Bankrate.

Persons: Bankrate Organizations: Council for Community, Economic Research, U.S . Census Bureau, Tax Foundation, National Oceanic, Atmospheric Administration Locations: U.S, Alaska

☆ Most Americans are tuning into political news after a month that rocked the 2024 campaign. Here’s what they’re hearing
▼ + stars: | 2024-07-30 | by ( Jennifer Agiesta | Ariel Edwards-Levy | ) edition.cnn.com time to read: +7 min

In initial data from late June and through July, about 8 in 10 Americans said each week that they’d read or heard at least something about Biden or Trump, respectively. But the focus had shifted away from his criminal conviction: first to his debate against Biden, and then to the assassination attempt against him. By contrast, two more standard campaign milestones – the Republican National Convention and Trump’s selection of a running mate – drew less public attention. The Breakthrough survey project will run throughout the 2024 campaign, tracking the things Americans say they read, hear and see about the candidates. Looking at the trend over time shows a sharp divergence between the conversations around Trump and Biden following the presidential debate.

Persons: Donald Trump, Joe Biden, Kamala Harris, SSRS, Trump, Trump –, –, Harris, Biden, they’d, Robert F, Kennedy, Jr, Hillary, ’, CNN’s Dana Elobaid Organizations: CNN, Trump, Democratic, Georgetown University, University of Michigan, Biden, “, Republican National Convention, Heritage Foundation, Republicans, s3mc.org, Biden’s

☆ Project 2025 Director Steps Down Amid Trump Criticism
▼ + stars: | 2024-07-30 | by ( Neil Vigdor | Shane Goldmacher | ) www.nytimes.com time to read: +1 min

The director of Project 2025, the right-wing policy blueprint and personnel project prepared for the next Republican president that became a political cudgel used by Democrats, is departing after the effort drew criticism from former President Donald J. Trump. The project, which has been a collaborative effort across the conservative ecosystem led by the Heritage Foundation, has become a lightning rod on the 2024 campaign trail. The group had spent months developing an expansive set of policies, and the president of the Heritage Foundation said on Tuesday it was concluding its drafting of new ideas as planned. “When we began Project 2025 in April 2022, we set a timeline for the project to conclude its policy drafting after the two party conventions this year, and we are sticking to that timeline,” Kevin Roberts, the president of the Heritage Foundation, said in a statement praising Paul Dans, the outgoing director. Mr. Trump has tried to distance himself from the specifics inside the 900-page plan for months, saying the sweeping agenda to reshape the federal government is not his, though many of the proposals were crafted by people who served in the first Trump administration.

Persons: Donald J, Trump, ” Kevin Roberts, Paul Dans Organizations: Republican, Heritage Foundation

☆ Apple appears to have just shunned Nvidia again
▼ + stars: | 2024-07-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

It appears that Apple opted for Google's TPU chips over Nvidia's for its AI development. An Apple research paper highlights the use of TPUv5p chips from Google for iPhone AI. AdvertisementIt looks like Apple has confirmed it's using Google's chips for Apple Intelligence — not Nvidia's. There was no mention of Nvidia in an Apple research paper published on Monday that discussed foundation language models developed to power Apple Intelligence features. In fact, the tech giant wrote that it used TPUv4 and TPUv5p chips, Google's tensing processing units, to train its artificial intelligence tools.

Persons: Apple, — Organizations: Apple, Google, Nvidia, Service, Apple Intelligence, Business

☆ Project 2025 director steps down amid backlash from Trump
▼ + stars: | 2024-07-30 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com time to read: +6 min

CNN —The director of Project 2025, the conservative blueprint for a potential second Donald Trump term, has stepped down amid intense criticism including from the former president. In addition to stepping down from Project 2025, Dans is also leaving the Heritage Foundation. “Project 2025 is on the ballot because Donald Trump is on the ballot,” Harris campaign manager Julie Chavez Rodriguez said. But Project 2025 has lately become a lightning rod for other ideas Trump hasn’t explicitly backed. He has also assured Trump’s supporters that Project 2025 would become a reality if the former president returned to 1600 Pennsylvania Avenue.

Persons: Donald Trump, Paul Dans, Trump’s, Trump, Chris LaCivita, Kevin Roberts, ” Roberts, ” LaCivita, Susie Wiles, “, ”, President Trump, Kamala Harris ’, Harris, Joe Biden, ” Harris, Julie Chavez Rodriguez, Steve Bannon’s, ” “, ” Dans, Em Steck Organizations: CNN, Trump, Heritage Foundation, Heritage, “, Leadership, Affordable, National Weather Service, Mandate, Management, White Locations: Nashville

☆ 5 tips from the pros that every summer athlete needs to know
▼ + stars: | 2024-07-29 | by ( Dana Santas | ) edition.cnn.com time to read: +8 min

“Whether you’re a professional athlete or a weekend warrior, you can’t prepare for game day on game day,” he said. This awareness helps you make better choices on game day. “For someone who has not participated in any sporting activity for quite some time, it’s crucial to start safely and effectively,” he noted, not waiting until game day to get going again. For instance, if you want to get back into playing golf, tennis or any other rotational sport, focus on mobility exercises that will improve rotation. Instead, focus on targeted strength and mobility exercises that promote control in end ranges of motion.

Persons: Dana Santas, you’re, Jason Glass, ”, Glass, Christophe Archambault, Bill Burgos, Paul Fournier, Ben White, Stuart MacFarlane, Fournier, Matt Nichol, Hendrik Organizations: Pain, CNN, PGA, Brazil, Getty, NBA, Los Angeles Dodgers, Major League Baseball, Arsenal, Los Angeles Rams, Arsenal FC, Olympic, German soccer, Borussia Dortmund, Nichol, CNN’s Locations: Nigerian, Bordeaux, France, AFP, Burgos, Thousand Oaks , California, German, Osaka, Japan

☆ Multi-agent systems are the next big thing in AI. Here's why VCs at NEA, Mayfield Fund, and Foundation Capital are excited.
▼ + stars: | 2024-07-29 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +6 min

Startups are building AI agents that collaborate to fill out forms, dial customer service reps, and order food delivery. These "multi-agent systems" are the next hot thing, according to investors from NEA, Mayfield Fund, and Foundation Capital. Multi-agent systems are distributed systems of multiple specialized AI agents that work together toward a collective goal. AdvertisementIn contrast, multi-agent systems are built on top of LLMs and are designed to execute a task from start to finish. AdvertisementMayfield Fund's Navin Chaddha is optimistic — AI agents will serve as teammates to workers.

Persons: —, Spike Jonze's, that's, OpenAI's, NEA's Madison Faulkner, Devin, Warren Hui, Nitta, Satya Nitta, Ashpreet Bedi, Faulkner, Mayfield Fund's Navin Chaddha, …, It's Organizations: Service, NEA, Mayfield Fund, Foundation Capital, Business, Soul Ventures, Nvidia Locations: Italy, PitchBook, Japan

☆ Amazon CEO: Here's what you need to do ‘if you want to earn trust’
▼ + stars: | 2024-07-29 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Earning the trust of your boss and the rest of your colleagues is a key foundation of building a successful career. That's why Jeff Bezos wrote that good leaders "earn trust" as part of Amazon's famous list of 16 leadership principles. Despite sounding relatively simple, it's a guideline that people often get "wrong," according to Amazon CEO Andy Jassy, who replaced Bezos in that role in 2020. That's not what we mean," Jassy said in a video posted online by Amazon earlier this month. "If you want to earn trust: If you say you've got something, deliver it.

Persons: That's, Jeff Bezos, Andy Jassy, Jassy, you've, it's Organizations: Amazon

☆ Lady Gaga's fiancé is a tech CEO who went to Harvard with Mark Zuckerberg
▼ + stars: | 2024-07-29 | by ( Avery Hartmans | Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Polansky appears to have been involved in several of Parker's other ventures since 2010. Polansky and Parker's working relationship goes back many years. Theo Wargo/Getty Images for Global CitizenAccording to his LinkedIn page, he's the executive director of the Parker's charity, the Parker Foundation; he's a board member at the Parker Institute for Cancer Immunotherapy; he's managing partner at Parker Ventures; and he's CEO of the Parker Group, which serves as the umbrella organization for all of Parker's other endeavors. According to Pitchbook, Polansky is also cofounder of VC firm Hawktail; executive advisor at private equity firm Cove Hill Partners; senior advisor at boutique VC growth investor 7 Global Capital; and partner at investment firm Unless Management. Gaga also founded the nonprofit Born This Way Foundation, which focuses on mental health and youth empowerment, in 2012.

Persons: Polansky, Theo Wargo, Pitchbook, Gaga, Coco Chanel Organizations: Global Citizen, Parker Foundation, Parker Institute for Cancer, Parker Ventures, Parker Group, Partners, Global, Management, Haus Labs

☆ Israel promised a massive revenge attack on Hezbollah but so far hasn't followed through
▼ + stars: | 2024-07-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Read previewTensions in the Middle East escalated on Saturday after Israel said the armed group Hezbollah launched a lethal rocket strike on a soccer field. Brink of warTensions were already high in the region before Hezbollah's lethal rocket strike. Following Hezbollah's rocket strike, US National Security Council spokesperson Adrienne Watson said Sunday that the US was in "continuous discussions" with Israel and Lebanon, hoping to restore calm. "Hezbollah is also operating in Syria, and it is likely that Israel will target Hezbollah's military sites there at a greater scale than before," she told BI. According to Khatib, the possibility of a wider war in the region remains low because it is not in anyone's interest — it would be damaging to Israel, Hezbollah, Iran, and the US, she said.

Persons: —, Israel, Majdal Shams, Benjamin Netanyahu, Brink, Daniel Hagari, Adrienne Watson, Axios, Lina Khatib, Khatib, Thomas Juneau, Juneau Organizations: Service, Hezbollah, IDF, Business, Israel's Air Force, US National Security, Sunday, Middle East Institute, School of Oriental, Studies, Israel, University of Ottawa's Graduate School of Public and International Affairs, Israel Program, National Security Network, Foundation for Defense of Democracies Locations: Lebanon, Majdal, Israel, Iran, Gaza, London, Syria, Iran's

☆ I didn't start saving for retirement until my mid-30s and even that was too late. I probably won't ever be able to retire.
▼ + stars: | 2024-07-29 | by ( Chris Boutté | ) www.businessinsider.com time to read: +4 min

Not only is it unlikely I'll ever be able to afford a house, but I most likely won't have enough money to retire. Neither of my parents taught me about personal finance, so saving for retirement wasn't on my radar. Had I started investing when I was 20 years old in 2005, I would have seen the S&P 500 grow my investments by 371%. Between my Roth and 401(k), I'm putting $640 toward my retirement each month. He knows that as soon as he starts working, it needs to be a priority to start saving for retirement.

Persons: I've, I'm, Roth, He's Organizations: Service

☆ Apple says its AI models were trained on Google's custom chips
▼ + stars: | 2024-07-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives to Nvidia when it comes to the training of cutting-edge AI. Apple's choice of Google's homegrown Tensor Processing Unit (TPU) for training was detailed in a technical paper just published by the company. Separately, Apple released a preview version of Apple Intelligence for some devices on Monday. Apple doesn't name Google or Nvidia in its 47-page paper, but did note its Apple Foundation Model (AFM) and AFM server are trained on "Cloud TPU clusters." "This system allows us to train the AFM models efficiently and scalably, including AFM-on-device, AFM-server, and larger models," Apple said in the paper.

Persons: Apple, they've, Mark Zuckerberg, Sundar Pichai, Zuckerberg, Emily Chang Organizations: Apple Intelligence, Google, Big Tech, Nvidia, Microsoft, Meta, Oracle, Apple Foundation, Apple

☆ The Lesser-Known Side of Harris’s Identity: Asian American
▼ + stars: | 2024-07-28 | by ( Amy Qin | ) www.nytimes.com time to read: +1 min

Daniel Chiang can remember one Asian American who ran for president in 2020: Andrew Yang, a Taiwanese American entrepreneur. But he was surprised to learn last week that there was another person running for president then, and in 2024, who counted herself an Asian American: Kamala Harris. But Ms. Harris, whose mother emigrated from India and whose father emigrated from Jamaica, is less known as an Indian American and Asian American. Asked to name a famous Asian American, only 2 percent of Americans said Kamala Harris, according to a recent survey by The Asian American Foundation. Ms. Harris does not shy away from talking about her Indian heritage and Asian American identity.

Persons: Daniel Chiang, Andrew Yang, Kamala Harris, “, ”, Chiang, Harris Organizations: Democratic, Indian, Asian American Foundation Locations: American, Taiwanese American, Connecticut, India, Jamaica, Indian American

☆ Why Elon Musk Is Supporting Donald Trump: to Save Tesla From Disaster
▼ + stars: | 2024-07-28 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

As market competition heated up, Tesla started cutting prices, which turned into an industrywide price war that Tesla isn't winning. It's a steep fall, considering Tesla's share of the EV market used to be as high as 80%. Critics balked, but Musk assured the Tesla community that this was the only strategy to save the company. Musk is looking for ways to buy time for Tesla — and one of those ways is to get Trump elected. Preserving Tesla's market position is imperative until he can conjure another product that people are excited to buy.

Persons: Elon Musk, Donald Trump —, Tesla, Trump, Joe Biden's, Kelley Blue, Musk, Ford, —, Critics, shouldn't, ZEV, Steve Granitz, Vaibhav Taneja, China's, Elon — Organizations: Elon, Trump, Tesla, White, EV, GM, Getty Images Trump, PAC Locations: China, USA, Shanghai

"For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin," Trump said at this year's Bitcoin Conference in Nashville. Kennedy went further than Trump, promising to establish a 4 million bitcoin strategic reserve to match the country's current stake in gold, some of which is held near the military base at Fort Knox. But Trump's reservation speaks to the complications of promising a bitcoin strategic reserve on par with the gold standard. An executive order would not be enough to bring a U.S. bitcoin reserve into existence. That existing bitcoin stockpile could act as the foundation for the bitcoin strategic reserve, which the U.S. government would build on by regularly buying a certain number of bitcoin.

Persons: Donald Trump, Marco Bello, Trump, Trump's, didn't, Tyler, Cameron Winklevoss, Kid Rock, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Robert F, Kennedy Jr, Kennedy, bitcoin, Sen, Lummis, Per Sen, Joe Biden, Kamala Harris, Fred Thiel Organizations: Reuters NASHVILLE —, Republican, U.S . Marshals Service, Trump, U.S . Treasury, Bitcoin Conference, Saturday, Wyoming, U.S, Treasury Department, House, Independents, Democratic, U.S . Securities, Exchange Commission, U.S . Locations: Charlotte , North Carolina, U.S, Nashville, United States of America, Germany, Fort Knox, Washington, United States, bitcoin

☆ Melinda French Gates weighs in on the generosity of billionaires like Elon Musk and Peter Thiel: 'I would not call those men philanthropists'
▼ + stars: | 2024-07-28 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Read previewMelinda French Gates says the new generation of billionaires, like Elon Musk and Peter Thiel, these days primarily use their "megaphones" instead of their bank accounts to effect change. "Well, the people you just named have not been very philanthropic yet," French Gates replied. French Gates has since endorsed Vice President Kamala Harris, who became the likely Democratic nominee after Biden left the race earlier this month. In her endorsement of Harris, French Gates emphasized the need for a leader who will advocate for abortion rights. Asked to elaborate, French Gates said she thinks tech CEOs frequently give advice on things with which they are not experts.

Persons: —, Melinda French Gates, Elon Musk, Peter Thiel, Gates, Jack Dorsey, Bill Ackman, Bill Gates, Joe Biden, Kamala Harris, Biden, Harris, Roe, Wade Organizations: Service, The New York Times, Tesla, Twitter, PayPal, Business, Gates Foundation, Democratic, Times Locations: United States

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