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☆ Stock market today: Indexes climb as producer inflation comes in cool
▼ + stars: | 2024-08-13 | by ( Max Adams | ) www.businessinsider.com time to read: +4 min

Stocks were higher on Tuesday after PPI showed wholesale inflation was less than expected in July. Investors are now bracing for the consumer inflation reading due out on Wednesday. AdvertisementUS stocks were up on Tuesday after the producer price index for July showed wholesale inflation rose less than expected. Data from the Bureau of Labor Statistics showed that producer prices increased 0.1% last month compared to estimates of 0.2%. The cooler-than-expected reading should boost optimism for consumer prices to show a decline in inflation when the consumer price index is released on Wednesday.

Persons: —, Chris Zaccarelli, Laxman Narasimhan, Brian Niccol, Elon Musk Organizations: PPI, Investors, Service, Bureau of Labor Statistics, Federal Reserve, Fed, Depot, Bank of America, Starbucks, Trump Media, Elon

☆ Axios' Stef Kight on Trump/Musk interview: Surprised how often he went after Biden instead of Harris
▼ + stars: | 2024-08-13 | 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 EmailAxios' Stef Kight on Trump/Musk interview: Surprised how often he went after Biden instead of HarrisStef Kight, Axios political reporter, joins 'Squawk Box' to discuss former President Trump's conversation with Elon Musk on X, technical glitches at the start of the event, key takeaways from the conversation, and more.

Persons: Stef Kight, Biden, Harris Stef Kight, Trump's, Elon Musk Organizations: Trump

☆ Elon Musk interview with Donald Trump was a 'vanity project,' says political consultant
▼ + stars: | 2024-08-13 | 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 EmailElon Musk interview with Donald Trump was a 'vanity project,' says political consultantSarah Lenti, political consultant and former director at the National Security Council at the White House, comments on the Donald Trump and Elon Musk interview.

Persons: Elon, Donald Trump, Sarah Lenti Organizations: National Security Council, White

☆ Surprised how little tech came up during the Musk-Trump conversation, says Niki Christoff
▼ + stars: | 2024-08-13 | 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 EmailSurprised how little tech came up during the Musk-Trump conversation, says Niki ChristoffCNBC’s Steve Kovach and Niki Christoff, Christoff and Company CEO, join 'Squawk Box' to discuss Elon Musk's conversation with former President Donald Trump, takeaways from the X interview, what's behind the Musk-Trump alliance, and more.

Persons: Niki Christoff, Steve Kovach, Elon, Donald Trump, what's Organizations: takeaways, Trump Locations: Christoff

☆ As Trump flails and invites conspiracies, allies plea for him to stay on message
▼ + stars: | 2024-08-13 | by ( Kristen Holmes | Steve Contorno | ) edition.cnn.com time to read: +10 min

“There’s a lot of opposition to people just hearing what President Trump has to say,” Musk said. “President Trump prosecuted the case against Kamala Harris for over two hours yesterday in a record-breaking conversation on X Spaces. The Trump campaign has repeatedly featured Dion’s hit song, “My Heart Will Go On,” at rallies throughout 2023 and 2024. In a segment on Fox Business, Trump allies Larry Kudlow and Kellyanne Conway shared a message clearly tailored to their friend. “Don’t wander off, don’t call her stupid and all kinds of names, stay on message,” Kudlow said.

Persons: Donald Trump’s, Elon Musk, Musk, “, Trump, ” Musk, Kamala Harris, Harris, Joe Biden, Kamala, Walz, Steven Cheung, Biden, flailing, Brian Kemp of Georgia, Martin Luther King Jr, Donald Trump, ”, Steve Deace, “ Donald Trump, Celine Dion, Dion’s, Larry Kudlow, Kellyanne Conway, don’t, ” Kudlow, Conway, ” Conway, Kevin McCarthy, They’ll, Laura Loomer, Loomer, –, Ron DeSantis ’ Organizations: CNN, Elon, Trump, Republican Gov, Jobs, “, Saturday, Capitol, Fox Business, Republican, Mar, National Association of Black Journalists, Florida Gov Locations: Trump, Washington, Montana, ”, Bedminster , New Jersey, Michigan, Detroit

Read previewElon Musk and former President Donald Trump live-streamed a wide-ranging discussion on Monday, eliciting reactions from tech and business leaders. Gavin Newsom of California, who has a strained relationship with Musk, got a jab in at both the X CEO and the GOP nominee. Related storiesMark PincusMark Pincus, the founder of Zynga, the gaming company behind FarmVille, praised the former president during the conversation with Musk. Pincus said in an X post. The Harris campaignVice President Kamala Harris' campaign hit out at both Musk and the Trump campaign right after the livestream ended in a statement on X.

Persons: —, Elon Musk, Donald Trump, Mark Cuban Mark Cuban, Michael Reaves, Joe Raedle, Mark Cuban, Musk, Trump, Gavin Newsom Gov, Gavin Newsom, Newsom, Ron DeSantis, DeSantis, Aaron Levie, Justin Sullivan, Hannibal Lecter, Levie, Mark Pincus Mark Pincus, Pincus, Elon, David Sacks David Sacks, Sacks, Biden, Harris, Kamala Harris, Donald Trump's Organizations: Service, Trump, Business, Getty Images, Getty, GOP, Lambs, Zynga, Craft Ventures, Democratic, Hollywood Locations: Cuban, California, FarmVille

☆ Texas judge in X's lawsuit against advertisers recuses himself after report he owned Tesla stock
▼ + stars: | 2024-08-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

The judge overseeing X's lawsuit against advertisers has recused himself following a news report that showed he owned shares of Tesla . In a recusal notice dated Aug. 13, U.S. District Judge Reed O'Connor in Texas backed out of X's case against the World Federation of Advertisers, which was filed last week. X, formerly known as Twitter, is owned by Elon Musk, who is also the CEO and largest shareholder in Tesla. On Monday, NPR reported that O'Connor had owned shares of Tesla in 2022, the date of his last available disclosure, posing a potential conflict of interest. In X's lawsuit, the company accused a number of advertisers of engaging in antitrust behavior when they stopped ad campaigns on the site.

Persons: District Judge Reed O'Connor, Elon Musk, O'Connor, weren't, Ed Kinkeade, Sen, John Cornyn Organizations: Tesla, District, World Federation, Elon, NPR, Companies, Unilever, Mars, CVS Healthcare, Orsted, WFA, Global Alliance, Responsible Media, X, Media Matters, America Locations: U.S, Texas, Tesla, Europe, North Texas, China

☆ UAW files federal labor charges against Donald Trump and Elon Musk after threatening workers on X interview
▼ + stars: | 2024-08-13 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

CNN —The United Auto Workers union on Tuesday filed federal labor charges against former President Donald Trump and Tesla CEO Elon Musk for threatening to intimidate workers who go on strike. Trump called Musk “the cutter,” and praised Musk for his anti-union stances. “Both Trump and Musk want working class people to sit down and shut up, and they laugh about it openly. But it’s not clear that Trump was referencing any specific workers Musk fired for organizing against his company. Harris’ campaign circulated the clip of Trump and Musk, saying: “Trump praises billionaire Elon Musk for firing workers who were striking for better pay and working conditions.”

Persons: Donald Trump, Elon Musk, Musk, Trump, ” Trump, Shawn Fain Elizabeth Frantz, Kamala Harris, “, ”, Shawn Fain, Joe Biden, Fain, Tesla, ” Fain, ” Tesla, they’re, Harris ’, “ Trump Organizations: CNN, United Auto Workers, Tesla, ’, UAW, Trump, National Labor Relations Board, General Motors, Ford, NLRB, Workers Locations: American, Buffalo , New York

☆ 9 Things Musk and Trump Said About Climate Change, Annotated
▼ + stars: | 2024-08-13 | by ( Brad Plumer | Raymond Zhong | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump covered a range of topics on Monday during his two-hour, live-streamed chat on X with Elon Musk, the tech billionaire who has endorsed Mr. Trump’s latest presidential run. On climate issues, Mr. Musk described himself as “pro-environment,” saying that the electric vehicles produced by Tesla, his car company, disproved the idea that “caring about the environment should mean that you have to suffer.” Mr. Trump emphasized the importance of fossil fuels to the economy. Here are a few highlights from their discussion, with annotations by New York Times climate reporters. Musk: The economy would collapse without oil and gas“If we were to stop using oil and gas right now, we would all be starving and the economy would collapse. Yet even the most aggressive plans for tackling global warming envision a far-less abrupt transition that would phase out the burning of oil, gas and coal over several decades.

Persons: Donald J, Trump, Elon Musk, Trump’s, Musk, Tesla, Mr Organizations: New York Times

☆ Elon Musk chatted up Donald Trump on X. Here's how it went.
▼ + stars: | 2024-08-13 | by ( Erica Star Domena | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

In a two-hour livestream on X, Donald Trump and Elon Musk talked about the upcoming election, Vice President Kamala Harris, and the assassination attempt against the former president. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: Donald Trump, Elon Musk, Kamala Harris Organizations: Elon, Business

☆ Tesla faces tough competition in China and slow EV adoption in the U.S., investment advisory firm says
▼ + stars: | 2024-08-13 | 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 EmailTesla faces tough competition in China and slow EV adoption in the U.S., investment advisory firm saysTesla CEO Elon Musk could be hoping to get support to "slow the advance of the competition he is facing in China," said Bill Russo, founder and CEO of Automobility, a strategy and investment advisory firm.

Persons: Elon, Bill Russo Locations: China, U.S

☆ Opinion | Nate Silver on How Kamala Harris Changed the Odds
▼ + stars: | 2024-08-13 | by ( Ezra Klein | ) www.nytimes.com time to read: +81 min

You know, Hillary Clinton, who was, I think, kind of a terrible candidate, won the popular vote by two points. So I don’t think they gave her a very good hand to play. It doesn’t matter who you are, it matters that you’re right and you’re able to prove it or bet on it in some way. What wasn’t in the Harris model that should have been?” “Yeah, maybe you really can meme your way to victory. And there’s something in it that I don’t think she can explain how she does it, but it makes her a fascinating leader.

Persons: Nate Silver, ”, ESPN’s Nate Silver, Silver, He’s, “ Savage, ” “, he’s, Ezra, Harris, we’ve, Kamala Harris, Donald Trump’s, There’s, Hillary Clinton, she’s, She’s, Gavin Newsom, It’s, Biden, I’m, you’re, Joe Biden, Democratic Party Harris, Liz, —, “, Donald Trump, that’s, George W, Bush, Donald Trump wasn’t, it’s, Michael Jackson, Woody Allen, ’, Chick, don’t, George Floyd, ‘ COVID, COVID, Peter Thiel, Elon Musk, Michael Moritz, Elon, Mark Cuban, Thiel, Max Chafkin, Mark Zuckerberg, Larry Page, Sergey Brin, Marc Andreessen, Ted Cruz, Sam Bankman, Tom Brady, SBF, Carrick Flynn, Oregon’s, I’m Carrick Flynn, Tara MacAulay, vouched, Bill Clinton, Tyler Cowen, they’ve, Jane, JD Vance, Peter Thiel’s, Vance, Trump, Steve Bannon, Don Trump, Jr, Tucker Carlson, Tim Walz, Josh Shapiro, Tell, you’ve, Shapiro, Walz, I’ve, Iglesias, Obama, Susan Collins, Joe Manchin —, Jon Tester, ” “ Sherrod Brown, I’d, Dana White, Hulk Hogan, Joe Biden’s, — let’s, Mike Donilon, Kennedy, ” “ Tim Alberta, Georgia —, Brian Kemp, Blake Masters, Rick Scott, ” “ Trump, Doug Burgum, Black, didn’t, — Woodrow Wilson, Harry Truman, Michael Jordan, everyone’s, Nancy Pelosi’s, Nancy Pelosi, Joe ’, we’re, I’ll, John Coates, Richard Rhodes, Natasha Schüll, Natasha Organizations: Oracle, Trump, Democratic Party, Facebook, Twitter, The New York Times, ’ Harvard University, Democratic White House, Republican White House, Democratic, Silver, George, Vegas, Poker, extroversion, Elon, Sequoia Capital, McLaren, Paypal, Republican, New, PAC, Alameda, Las, Ohio Senate, underperform, White, UFC, RNC, Biden, Biden ., National Association of Black Journalists, Deutsche Bank, Manhattan Project, Design Locations: Nate, Russian, Russia, ’, Elon, Florida, predestiny, Bahamas, Sam, Africa, New York, Oregon, Las Vegas, Petersburg, United States, Ohio, Trump, Minnesota, ” “ Pennsylvania, Pennsylvania, Gaza, Chicago, Montana, Nevada, North Carolina, Georgia, Nevada , Arizona, Biden . Georgia, Carolina, Arizona, Ukraine, LA, It’s, Vegas

☆ WSJ's Tim Higgins on the key takeaways from Elon Musk's interview with Trump
▼ + stars: | 2024-08-13 | 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 EmailWSJ's Tim Higgins on the key takeaways from Elon Musk's interview with TrumpTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss Elon Musk's conversation with former President Trump, key takeaways from the interview, whether the event helps X going forward, and more.

Persons: Tim Higgins, Elon Musk's, Trump Tim Higgins, Elon, Trump Organizations: Trump, Wall Street Journal

☆ From 'the greatest salesman' to 'very honorable': Trump changes tack on Ukraine's president
▼ + stars: | 2024-08-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky looks on during a meeting in New York on September 25, 2019, on the sidelines of the United Nations General Assembly. Saul Loeb | Afp | Getty ImagesPresident of Ukraine Volodymyr Zelenskyy in Kyiv, capital of Ukraine, on July 23, 2019. Trump corrected himself, MSNBC reported at the time, saying that he "likes" Zelenskyy — before returning to his critique of the Ukrainian leader. Republican presidential nominee, former U.S. President Donald Trump speaks at a rally at the Brick Breeden Fieldhouse at Montana State University on August 9, 2024 in Bozeman, Montana. Michael Ciaglo | Getty Images News | Getty ImagesReferring to the war in Ukraine, Trump concluded that he'd "settle" the crisis during his post-election presidential period.

Persons: Donald Trump, Volodymyr Zelensky, Saul Loeb, Ukraine Volodymyr Zelenskyy, Hennadii, Trump, Zelenskyy, that's, Michael Ciaglo, Kamala Harris Organizations: Ukrainian, United Nations General Assembly, Afp, Getty, Green, Deal, White, Republicans, Democrats, MSNBC, Republican, Montana State University, House, Democratic, Trump, New York Times, Siena College, U.S, Democratic Party, Military Command, State Border Guard Service, Military, Anadolu Locations: New York, Ukraine, Kyiv, Russia, U.S, Bozeman , Montana, Volyn, Zhytomyr, Rivne, Chernihiv, Volyn Oblast

☆ Whoever can finally coin an effective economic message could win the White House
▼ + stars: | 2024-08-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Voters keep telling pollsters that their economic insecurities are the biggest issue in the 2024 election. Former President Donald Trump will try to make a case against Kamala Harris’ role in the Biden economy on Wednesday in North Carolina. President Joe Biden dedicated his domestic agenda to restoring economic fairness and sought to revive manufacturing and repair the country’s crumbling infrastructure. As the effective incumbent in this race, Harris is vulnerable to any sudden shifts in the economic outlook. But with Trump seeking an opening to define her negatively — especially on the economy — Harris must act fast.

Persons: Donald Trump, Kamala Harris, Biden, Trump, Joe Biden, Harris, Kamala, He’s, Price, “, Biden Administration’s, ”, —, ” Harris, ” Trump, hasn’t, “ You’ve, Scott Jennings, Anderson Cooper, “ You’re, Brad Todd, CNN’s Kasie, he’s, ” Todd, Kevin McCarthy, Elon Musk, Sen, JD Vance, Harris ’, Bill Clinton, Barack Obama, Clinton, Obama, Obama –, –, — Harris, Tim Walz, She’s Organizations: CNN — Voters, Trump, Home Depot, Republican, Democratic, Biden, CNN, Fox News, Air Force, Democratic National Convention, NPR, PBS, Marist, New York Times, Siena College, Minnesota Gov, pharma Locations: North Carolina, Asheville , North Carolina, Maryland, Raleigh, Ohio, Chicago, Nevada, Phoenix, California, States, Pennsylvania, Michigan, Wisconsin

☆ Trump called inflation a disaster for consumers — and Musk blamed it on government waste
▼ + stars: | 2024-08-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Donald Trump and Elon Musk called out the pain caused by high levels of inflation in recent years. Trump bemoaned that people can't afford groceries and savers have been "decimated" by rising prices. Musk blamed inflation on government overspending and pushed for deregulation to bring down costs. Go to newsletter preferences Thanks for signing up! AdvertisementDonald Trump and Elon Musk lamented the brutal impact of rising prices in their X Spaces conversation on Monday.

Persons: Donald Trump, Elon Musk, Trump, — Organizations: Service, Elon, Business

☆ Elon Musk's big Spaces conversation with Trump kicked off with major technical difficulties
▼ + stars: | 2024-08-13 | by ( Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

X's Spaces malfunctioned on Monday ahead of Elon Musk's live interview with Donald Trump. Trump and Musk's conversation started about 40 minutes late. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk's livestream interview with former President Donald Trump ran into technical difficulties before the conversation even got started on Monday. The platform malfunctioned for many users despite Musk saying Sunday that he conducted several system scaling tests ahead of the conversation.

Persons: Elon Musk's, Donald Trump, Musk, Trump, — Organizations: Service, Business

☆ Secret to Startup Success: Being an Obnoxious Risk-Taker
▼ + stars: | 2024-08-13 | by ( Nate Silver | ) www.businessinsider.com time to read: +11 min

Of the billionaires on the 2023 Forbes 400 list — the 400 richest people in the United States — 70% are basically self-made. In 1982, only 40% of the Forbes 400 had started their own business; the majority were simply scions of inherited wealth. The Forbes 400, however, is the extreme right tail of the curve. But you're not sniffing the Forbes 400 list, where the bidding starts at about $3 billion. I don't think VCs are deliberately picking founders they think are unreliable, although sometimes it seems like it.

Persons: Raj Chetty, That's, Chamath Palihapitiya, Palihapitiya, Josh Wolfe, Wolfe, Elon Musk, Thiel, Jeff Bezos, we're, Sam Bankman, Andreessen Horowitz, A16z, Adam Neumann, Neumann, WeWork, Marc Andreessen, Ben Horowitz, Horowitz, they've, Benchmark's Gurley, Gurley, Nate Silver Organizations: Forbes, United States —, Social Capital, Burger, Lux, VCs, New York Times, Penguin Press, Penguin Publishing, Penguin Random Locations: United States, America, Sri Lanka, Canada, Coney, Israeli, Silicon, Canyon Point , Utah

☆ Elon gave Trump 1 million listeners. Trump gave his greatest hits.
▼ + stars: | 2024-08-13 | by ( Katherine Tangalakis-Lippert | John L. Dorman | ) www.businessinsider.com time to read: +6 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFormer President Donald Trump and Tesla CEO Elon Musk on Monday held a much-anticipated conversation live-streamed through Musk's social media platform, X. After a 42-minute delay, Musk began the stream by saying, "This massive attack illustrates there's a lot of opposition to people just hearing what President Trump has to say." Musk said he'd be "happy to help out" with a government efficiency commission, which Trump seemed open to, saying: "You're the greatest cutter." So every one of you is gone, and you are the greatest," Trump said, praising Musk.

Persons: —, Donald Trump, Elon Musk, Musk, Ron DeSantis, Trump, Kamala Harris, — she's, Biden, Tesla, Harris, 4ZGWHV49Mw — Kamala, Elon, Joe Biden Organizations: Service, Tesla, Florida Gov, Business, RNC, Trump, National Labor Relations, Reuters, of Education, SpaceX, Musk Trump, GOP Locations: Venezuela, United States, Mexico, California, Paris

☆ Analysis: Musk tries to help Trump halt the Harris surge
▼ + stars: | 2024-08-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Musk agreed with Trump that Harris was a radical leftist and flattered his guest by implying that he was strong and his Democratic opponents were weak. Like, okay, you know, President Trump is like, don’t mess with me.”Musk has already endorsed Trump, and he was leaving no doubt on Monday night that he wants to see him win a second term. Trump may not have been president without Twitter, as his emergence as a political force in 2016 coincided with the site’s heyday. “There is a lot of opposition to people just hearing what President Trump has to say,” Musk said. The Harris campaign was quick to respond, posting a Trump Truth Social post from last year that lambasted Florida Gov.

Persons: Elon Musk, Donald Trump, Kamala Harris, Joe Biden’s, –, Musk, Harris, “, ” Trump, baselessly, Biden, Trump, ” Musk, Kamala, ”, —, Steven Cheung, he’d, Thierry Breton, Cheung, Ron DeSantis Organizations: CNN, Tech, Elon, Democratic, Trump, Republican, Trump —, SpaceX, Twitter, Presidential, ”, Musk Trump, Biden, Florida Gov, Capitol Locations: United States, European, Europe

☆ Musk’s Trump Talk: After Glitchy Start, a Two-Hour Ramble
▼ + stars: | 2024-08-13 | by ( Kate Conger | Ryan Mac | ) www.nytimes.com time to read: +1 min

At 8:35 p.m. Eastern time on Monday, a live audio stream on X of a conversation between Elon Musk and former President Donald J. Trump flickered to life after a 35-minute delay — but only for a moment. Mr. Trump’s mic came on, and a shuffling sound was heard. Mr. Musk’s account, which had been logged in and ready, then momentarily disappeared from the conversation entirely. Mr. Musk, who has endorsed Mr. Trump’s presidential run, and Mr. Trump greeted each other as “Donald” and “Elon.” They then began a friendly chat about immigration, the economy and President Biden and Vice President Kamala Harris, the presumptive Democratic presidential nominee. “I congratulate you,” Mr. Trump said to Mr. Musk about the livestream’s audience.

Persons: Elon Musk, Donald J, Trump, Musk, Donald ”, “ Elon, ”, Biden, Kamala Harris, “, Mr Organizations: Democratic

New York residency is especially important to Mr. Kennedy because his running mate, Nicole Shanahan, lists California as her home. Mr. Kennedy, 70, an environmental lawyer, spends most of his time at a home in Los Angeles that he shares with his wife, the actress Cheryl Hines. “New York has been his residence continuously since 1964, and Mr. Kennedy has deep ties to it,” Mr. Savino said in the statement. Mr. Kennedy revealed the bear-dumping in a video he posted on social media just before a critical New Yorker profile that included the same anecdote was published. After the bear story became public — resulting in a barrage of public criticism and mockery — Mr. Kennedy sought to fire back, placing a post on X.com on Tuesday, attacking the “mainstream media.”“The more you smear me,” Mr. Kennedy wrote, “the more I’ll keep speaking.”

Persons: Robert F, Kennedy Jr, Kennedy, —, Kennedy’s, William F, Savino, “, ”, Paul Rossi, Christina L, Lis Smith, Donald J, Biden, Trump, Kamala Harris, Nicole Shanahan, Cheryl Hines, ” Mr, Barbara Moss, Ms, Moss, David Michaelis, Nancy Steiner, Steiner, Michaelis, Moss’s, Bobby, Mr Organizations: Clear Choice, Democrat, Constitution, Democratic National Committee, Democratic Party, Democratic, Trump, Mr, New, New York Post, Westchester, Yorker Locations: York, Albany, N.Y, New York, Manhattan, U.S, Michigan, North Carolina, Hawaii , New Jersey, North Carolina . New York, California, Los Angeles, Katonah, New York City, Westchester County, “, Central Park, X.com

☆ Airbnb's ongoing battle with hotels for travelers has taken a noticeable turn
▼ + stars: | 2024-08-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, Airbnb said its struggles are tied to consumers spending less, but it's also because they're opting for hotels instead . The big storyPlenty of vacancyiStock; Rebecca Zisser/BIAirbnb took a noticeable step back in its ongoing battle with hotels. But Airbnb's struggles are also a product of travelers opting for hotels instead , writes Business Insider's Dan Latu. The death of the so-called millennial lifestyle subsidy — for which Airbnb was a key player — resulted in consumers rethinking things.

Persons: —, Airbnb, it's, let's, Rebecca Zisser, Execs, Airbnb's, Dan Latu, haven't, Jenny Chang, Rodriguez, Bloomberg it's, BI Bank of America isn't, Nicolás Ortega, Nate Silver, Chelsea Jia Feng, Alexander, Tal, Oren Alexander, Musk, Trump, Elon Musk's, Donald Trump, Ron DeSantis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Service, Apple, Business, Bloomberg, Getty, BI Bank of America, Viking, Israel, BI, Apple Intelligence, Trump, X, Florida Gov, Google Locations: Iran, New York, London

☆ How Elon Musk has turned X into a pro-Trump machine
▼ + stars: | 2024-08-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +9 min

But now Musk, who is not only the owner but also the most followed user on X, has shifted to more direct campaigning for former President Donald Trump. Musk announced his official endorsement for Trump in a post last month that received 2.3 million likes. Weeks after it was posted, the video is not labeled with a “community note,” X’s community fact-checking feature that Musk used as justification for slashing the company’s trust and safety team. In a letter, the secretaries urged Musk to “immediately implement changes” on the X platform. But on Monday night, Musk offered to take a role in the potential future Trump’s administration helping to rein in government spending.

Persons: Elon Musk, Donald Trump, Musk, He’s, Hunter, Trump, YOU, Trump’s, “, Elon, ” Trump, Kamala Harris, doesn’t, ” Wendy Weiser, Brennan, Harris, ”, ” Weiser, Kamala, …, White supremacists, X, Musk’s, chatbot, Harris ’, ” Lara Cohen, informercial, he’s, ” Musk, “ I’d Organizations: New, New York CNN, Elon, Twitter, Biden, White, Trump, CNN, Fake News, Fake News Media, Center, “, Brennan Center for Justice, NYU Law School, Democratic, Street Locations: New York, United Kingdom

☆ Mark Cuban says Silicon Valley tech bros have lost their grip on reality and now want to be the board of directors to Trump's CEO
▼ + stars: | 2024-08-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Now, Trump enjoys the support from Silicon Valley bigwigs like Tesla CEO Elon Musk and venture capitalists Marc Andreessen and Ben Horowitz. They want to vote for normal people they can relate to," Cuban wrote in an X post on August 6. Representatives for Cuban and the Trump campaign didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Mark Cuban, Donald Trump, It's, Jon Stewart, Trump, Cuban, Stewart, they've, Peter Thiel, Elon Musk, Marc Andreessen, Ben Horowitz, Vance, Musk, Sen, JD Vance, Ohio, Joe Biden, Kamala Harris, Biden, Harris, Tim Walz, Walz, Walz didn't, didn't Organizations: Service, titans, Business, PayPal, Tesla, Trump, Democratic Party, Republican Party, Democratic, Ivy League, University of Pennsylvania's Wharton School, Yale Law School, Cuban, Business Insider Locations: Silicon, United States, America, Silicon Valley, San Francisco Bay, Minnesota

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