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he continued, adding that it was "insane that we would support a military alliance if that military alliance isn't going to be pro-free speech." Breton addressed the letter to Musk ahead of the X owner's much-publicized interview with Trump, warning him against amplifying "harmful content." AdvertisementIn February, the former president even suggested that the US could let Russia attack non-paying NATO countries, much to the White House's ire. Related storiesAccording to NATO estimates, Poland is set to be the biggest NATO spender in 2024, allocating 4.12% of its GDP. For its part, NATO has acknowledged that there's been a historic imbalance between US military spending and that of non-US allies.
Persons: , JD Vance, Elon Musk's X, Vance, Shawn Ryan Show, Donald Trump's, Musk, platformed Trump, Elon, Donald Trump, Thierry Breton, Breton, NICHOLAS KAMM, Trump, NATO spender, there's Organizations: Service, NATO, European Union, EU, Business, Trump, EU Commission, EU's Digital, DSA, European Commission, White, Getty Images, Alliance Locations: Russia, Canada, Spain, Poland, Estonia, United States
Elon Musk abandons his fight in Brazil
  + stars: | 2024-09-21 | by ( Katie Balevic | ) www.businessinsider.com   time to read: +1 min
Elon Musk's X has tapped out in its fight with Brazil's Supreme Court. Musk's lawyers say X has finally complied with court orders after months of resistance. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk, the owner of X, has finally relented after a lengthy and contentious fight with Brazil's Supreme Court. Musk had for months defied court orders to suspend certain accounts the court had deemed a threat to the country's democracy and to appoint an in-country government liaison.
Persons: Elon Musk's, , Elon Musk, Musk Organizations: Brazil's, Service, Business Locations: Brazil
US Magistrate Judge Laurel Beeler said in February that Musk viewed the SEC's investigation as "baseless and harassing." In the regulator's view, Musk should have known about the launch and made proper arrangements beforehand. Spiro also argued that Musk's attendance at the SpaceX launch was exactly the type of emergency that the court order agreed could lead to rescheduling. Related stories"The last time the SEC went hysterically running into court, they were told to 'put their big boy pants on,'" Spiro wrote in an email to BI. "Just want to that the Shortseller Enrichment Commission is doing incredible work," Musk wrote on Twitter.
Persons: , Elon, Robin Andrews, Musk, Laurel Beeler, Andrews, Alex Spiro, Spiro, Tesla Organizations: Service, US Securities and Exchange Commission, Twitter, SEC, Business, Polaris, SpaceX Locations: California, Florida, Los Angeles
Read previewAmericans think Elon Musk's X is as trustworthy as the US government. EMARKETER, a market research company owned by Business Insider's parent company, shared the survey data on Friday. AdvertisementEven fewer — only 28% of respondents — however, trusted X, the same percentage that trusted the US government. Musk's post immediately drew backlash for promoting political violence, prompting him to delete it and defend himself, calling it a "joke." The US Secret Service told Bloomberg News it is "aware" of Musk's post and is investigating the matter.
Persons: , Elon Musk's, TikTok, Musk, Yoel Roth, Elon Musk, Slaven Vlasic, Donald Trump, Joe Biden, Kamala Harris haven't Organizations: Service, Big Tech, Business, Google, Netflix, Twitter, Bloomberg, European Jewish Association, Getty, Secret Service Locations: American, Israel, Gaza, Brazil
The Harris campaign also dramatically outspent the Trump campaign in August, burning through about $174 million. By comparison, Trump’s campaign spent just $61 million last month, with the lion’s share – more than $47 million – going toward media buys. The Trump and Harris campaigns are aligned with an array of committees that file disclosure reports on a separate schedule. The Trump campaign, as CNN has previously reported, has opted to outsource much of its ground game operation to outside organizations. The super PAC spent more than $77 million in August, including nearly $62 million on independent expenditures to benefit the vice president’s campaign.
Persons: CNN — Kamala Harris, Donald Trump, Elon Musk, Harris, Trump, outraised, Joe Biden, Biden, , Kevin Mohatt, Diane Hendricks, Paul Singer, Dustin Moskovitz – Organizations: CNN, Democratic, Congress, Republican, GOP, Federal, Trump, Republicans, Democratic Congressional, National Republican Campaign, PAC, National Republican, Democratic Senatorial, MAGA Inc, FF PAC, Harris, Facebook Locations: Washington ,, Wisconsin
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk hasn't shied away from fights since he bought Twitter and renamed it X in 2022. However, the disagreement over moderation on X has blown up, leading to threats of arresting X employees and restrictions on other companies owned by Musk. X was then banned from Brazil on August 31 after failing to follow orders to name a legal representative for X. AdvertisementBrazil's Supreme Court fines X for resurfacing amid banBrazil fined X after some of its users were able to access the site on Wednesday, September 18, despite the ban issued in August, according to the BBC.
Persons: , Elon, it's, Alexandre de Moraes, De Moraes, Jair, Musk, de Moraes, X, ines, ince, ake l, ove Organizations: Service, Twitter, Brazilian Supreme, Business, Musk Locations: Australia, Nigeria, Turkey, India, Brazil, Here's, lon, usk
This is not the first time the Republican presidential nominee has posted a fake image in an effort to bolster his campaign. The Harris campaign declined to comment. The Trump campaign did not immediately respond to a request for comment. In a 2020 X post, Harris praised Combs for a town hall he led on the coronavirus pandemic’s impact on Black communities. Meanwhile, Elon Musk, who endorsed Trump in July, shared a fake Harris ad that uses a manipulated version of the vice president’s voice.
Persons: Sean “ Diddy ” Combs, Donald Trump, Kamala Harris, Combs, Trump, Harris, Montel Williams, Ashley, Taylor Swift, Cassie’s, Jimmy Kimmel, Kimmel, , Walz, Elon Musk Organizations: Republican, Democratic National Convention, Prosecutors, Trump, Microsoft Locations: Chicago
The maker of the party game Cards Against Humanity has sued Elon Musk’s SpaceX accusing it of trespassing on and damaging company-owned property in Texas. The dispute involves a plot of vacant land near Brownsville, Texas, far from the Cards Against Humanity corporate headquarters in Chicago. No wall was ever built on the property, where the company keeps a “No Trespassing” sign, according to the company. Cards Against Humanity said it bought the land after 150,000 people each paid $15 toward a crowdfunding effort. Cards Against Humanity complained to SpaceX about the alleged trespassing and damage, according to a website the game maker set up devoted to the lawsuit.
Persons: Elon, Donald Trump, CAH, Organizations: Humanity, SpaceX, crowdfunding, Tesla, Reuters, CNBC Locations: Texas, Brownsville , Texas, Chicago, U.S, Mexico, Starbase, Rio Grande, of Mexico
New York CNN —The Securities and Exchange Commission intends to seek sanctions against Elon Musk over his failure to appear for testimony in an investigation related to his takeover of Twitter, now called X, the regulator said in a court filing Friday. Earlier this year, a federal judge ordered Musk to testify as part of the SEC’s probe of the billionaire’s $44 billion acquisition. The agency is examining whether Musk followed the law when disclosing his purchases of Twitter stock and whether his statements in relation to the deal were misleading. The SEC asked the court to impose “meaningful conditional relief” if Musk does not appear at the new October testimony date. The SEC also said it intends to file a sanctions motion against Musk to recoup its travel costs for the cancelled testimony and for other relief.
Persons: Elon Musk, Musk, , ” Musk, Organizations: New, New York CNN, Securities, Exchange Commission, Elon, Twitter, Elon Musk's, SEC, SpaceX, Polaris Locations: New York, Los Angeles, East Coast
CNN —Chechen leader Ramzan Kadyrov has accused Tesla CEO Elon Musk of “remotely disabling” his Cybertruck, which had been sent to the frontline of Russia’s war in Ukraine. The Chechen warlord, known for his loyalty to Russian President Vladimir Putin and his active involvement in Russia’s ongoing military operations in Ukraine, shared footage of himself in August driving a Cybertruck and claimed it was a gift from Musk. Kadyrov repeated his claim earlierthis week as he lamented that the high-tech vehicle had to be towed from the battlefield, saying: “What Elon Musk did was not nice. Musk unveiled the Tesla Cybertruck, which is fully electric as all of the company’s vehicles, in 2019 in Los Angeles. Kadyrov, who was installed as Chechen leader by Putin, has been criticized for decades for alleged human rights violations.
Persons: Ramzan Kadyrov, Elon Musk, Kadyrov, , Vladimir Putin, Musk, Putin, Organizations: CNN, ” CNN, US State Department, European Union Locations: Ukraine, Chechen, Grozny, Chechnya, Russian, Los Angeles, United States, United Kingdom, European
An unlikely technology billionaire could come out on top in the battle of the world's richest a year from now. That briefly positioned Ellison as the richest person in the world behind Musk and ahead of Bezos. This could boost the ex-CEO's fortune by $27.8 billion to $203.9 billion, placing him less than $3 billion behind Ellison in stock value. That could mean a windfall for CEO Huang's stock fortune, lifting his stake by $27.2 billion to $128.7 billion. Musk's Tesla stake could decline nearly 11% to $89.6 billion from roughly $100.3 billion as of Thursday's close.
Persons: Larry Ellison, Jeff Bezos, Elon Musk, Jensen Huang, Ellison, Larry, Kim Forrest, I'm, Amazon's, Tesla Organizations: Oracle, Nvidia, Bokeh Capital Partners, Federal Reserve Locations: Bezos
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
A Chechen warlord raged against Elon Musk after claiming the Tesla CEO shut down his Cybertruck. The Putin ally accused Musk of "behaving badly" and not being "manly" after the EV got bricked. Ramzan Kadyrov previously suggested he could send the Cybertruck to be used in fighting in Ukraine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Chechen warlord who showed off a Cybertruck decked out with what appeared to be a machine gun is raging against Elon Musk, saying Tesla remotely bricked his modified pickup.
Persons: Elon Musk, Putin, Musk, Ramzan Kadyrov, , Tesla Organizations: EV, Service, Business Locations: Ukraine
I think they understand that he's so transactional and so devoid of core values that anything that they want they can manipulate him to get," Cuban said of Silicon Valley backers of Trump. It's unclear what business Cuban is referring to. Related storiesTo be sure, this isn't the first time Cuban has speculated on his Silicon Valley peers' motivations for backing Trump. But after digging into Trump's business records, Cuban said he changed his mind. "I just think he was and would be a lousy president," Cuban wrote.
Persons: , Cuban, Donald Trump, Brian Tyler Cohen, Trump, Cohen, Elon Musk, Musk, It's, Jon Stewart, They've, Stewart, Cuban's, Kamala Harris, Roy Cohn, McCarthy, Vivek Ramaswamy, Mike Pence, Axios, Joe Biden Organizations: Service, Business, Trump, Cuban, bros, Republican, Trump University Locations: Silicon Valley, Silicon, Cuban, Springfield , Ohio
Patrick T. Fallon | AFP | Getty ImagesNew data shows a surge in trade between China and Mexico at a time of tough tariff talk during the presidential campaign. This nearshoring of manufacturing enables companies to change a product's origin of goods, also referred to as the "economic nationality" of a product. Data from freight analytics firm Xeneta shows China to Mexico container trade up by 26.2% from January to July 2024, after growing by 33% in 2023. Mexico is also a member of the Pacific Alliance, a trade bloc formed by Mexico, Chile, Colombia, and Peru. "Bilateral tariffs should be expected to lead to trade diversion, and that's exactly what happened in the aftermath of the trade war.
Persons: Patrick T, Fallon, Jordan Dethwart, Mary Lovely, Anthony Solomon, Simon Cohen, Peter Sand, Donald Trump, Trump, John Piatek, Biden, Piatek, Lovely, Moody's, Elon Musk, Musk, Tesla, Sand, Charles Van der Steene, Van der, Mexico —, Freightos, Erica York, York, Tim Robertson, Ian Arroyo, Arroyo, Saul Loeb Organizations: El, El Paso Sector, AFP, Getty, U.S, Companies, Peterson Institute for International Economics, Henco Logistics, European Union, European Free Trade Area, Pacific Partnership, Pacific Alliance, GEP, Motive, BMW, Ford, GM, Kia, gigafactory, Volvo, Pirelli, Michelin North America, Hyundai, SFK USA, Maersk, Bureau of Transportation Statistics, CNBC, United, Pacific, Port, U.S ., ITS Logistics, Tax, DHL Global, Dana, Afp Locations: El Paso, Mexico, New Mexico, Chihuahua, Sunland Park , New Mexico, China, Redwood Mexico, United States, Canada, U.S, Japan, Israel, Latin America, Chile, Colombia, Peru, USA, propping, Laredo , Texas, El Paso , Houston, San Diego, Monterrey, Fremont , California, Austin , Texas, Americas, Mexican, Monterrey . Mexico, East, lading, Maersk North America, Tijuana, El Paso , Texas, Pacific Coast Port, Lazaro, Laredo, Monterrey , California, U.S . West, U.S . East, Gulf, West Coast, Asia, Mexico City, Warren , Michigan
In May, the court ordered Musk to appear for a deposition by the financial regulators regarding the Twitter deal. Musk's deposition in the probe has been rescheduled for a date in early October at an SEC office, the filing said. Additionally, Musk and his companies have "cooperated and are cooperating with the SEC in multiple other ongoing investigations," Spiro wrote. In the messages, the Morgan Stanley contact wrote in February 2022 that Musk's Twitter stock-buying strategy was closely held. "No one knows what is going on and why but you and me," the person at Morgan Stanley wrote.
Persons: Elon Musk, The Beverly Hilton, Robin Andrews, Andrews, Alex Spiro, Quinn Emanuel, Musk, Spiro, Morgan Stanley, Jared Birchall Organizations: SpaceX, Tesla, The Beverly, The Securities, Exchange Commission, SEC, Twitter, Oklahoma Firefighters Locations: Beverly Hills , California, U.S, Los Angeles, New York
Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court on Thursday. The court said it would continue to impose “joint liability” on Starlink, the satellite internet service owned and operated by SpaceX, Musk’s aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn’t intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.
Persons: Elon Musk’s, Brazil’s, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, , , Cloudflare didn’t Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, Starlink, India, Turkey, Hungary
Sean “Diddy” Combs remains jailed after his bond appeal was rejected, in part because of witness intimidation allegations. Israel declares a ‘’new phase’’ of war as Lebanon reels from a second day of deadly device explosions. Sean ‘Diddy’ Combs loses second bail requestSean "Diddy" Combs was denied bail for a second time this week in his sex trafficking and racketeering case, leaving the rapper-turned-mogul to remain at a New York jail his legal team called "horrific" until the start of his trial. According to prosecutors, Combs allegedly called or texted Kalenna Harper, one of his protégées, 58 times in four days. More coverage of Sean ‘Diddy’ Combs’ case:Among the next questions Combs’ legal team could raise is whether he can be transferred to another facility.
Persons: Sean “ Diddy ” Combs, Israel, Sean ‘ Diddy ’ Combs, Sean, Diddy, Combs, Kalenna Harper, protégée, Harper, Andrew Carter, Carter, He’s, , pagers, Hassan Nasrallah, pagers —, Mike Johnson, hasn’t, Kamala Harris, Donald Trump, Trump, Sen, Lindsey Graham, Suni Lee, Jordan Chiles, Jade Carey, , Ariana Grande, Michael Keaton, Jean Smart, Harvey Weinstein, Elon Musk’s, Jean Catuffe, Elon Musk, Musk, — David Ingram, Elizabeth Robinson Organizations: U.S, District, Metropolitan Detention, MDC, Israel, Commonwealth Fund, Republicans, Teamsters, Howard University, Electoral, Reserve, NCAA, Elon, Tenet Media, NBC Locations: Lebanon, New York, Brooklyn, Japan, Iran, Gaza, Israel, Here’s, U.S, Canada, France, Germany, United Kingdom, Springfield, Ohio, , Kentucky, Russian, Russia, Ukraine
Forty-one percent of analysts polled by FactSet have a buy rating on Tesla stock, while 21% have a sell rating. About 43% of analysts surveyed by FactSet maintain a buy rating on IBM stock, but 21% are at a sell. He also noted that the risk-to-reward skew on IBM stock is more balanced, leaving less upside for the stock. IBM YTD mountain IBM stock. Goldman Sachs recently added IBM to its conviction list with a $220 price target, or 2% above where shares closed Wednesday.
Persons: Tesla, TSLA, Wolfe Research's Emmanuel Rosner, Rosner, Morgan Stanley, Adam Jonas, Jonas, Elon Musk, Bernstein's Toni Sacconaghi, Sacconaghi, Goldman Sachs, Jim Schneider, Campbell Soup Organizations: CNBC Pro, FactSet, U.S, automakers, IBM, Pepperidge
Half a dozen interviews later, her media strategy is taking shape, even if viewers in New York and Washington might not be seeing it. In recent days, Harris has granted sit-downs to local media outlets and fielded questions in unconventional forums to target crucial swing state and minority voters. Earlier this week, Harris parried tough questions from the National Association of Black Journalists and taped an appearance with Stephanie “Chiquibaby” Himonidis, a popular Spanish-language radio host and podcaster. Trump’s media strategy is looser – he appears on his favorite Fox shows, gives statements and brief interviews to beat reporters, and holds occasional press conferences. In addition to viewers watching online, Winfrey will invite 400 local voters to join her for the conversation in-person, focusing particularly on voters in battleground states as the election approaches.
Persons: Kamala Harris, Donald Trump, Harris, Tim Walz, Harris parried, Stephanie “ Chiquibaby, Oprah Winfrey, Harris ’, Ian Sams, , , won’t, Trump, Elon Musk, Sams, Trump’s, , ” Harris, Walz’s, Dana Bash, Biden, Rickey Smiley, Jessica, , Walz, Winfrey, TikTok, Elizabeth Wagmeister Organizations: New, New York CNN, Democratic, National Association of Black Journalists, CNN, ABC News, Republican, Fox, Elon, Black, Fox News, MSNBC, America, Democratic National Convention, YouTube, Facebook Locations: New York, Washington, Spanish, Phoenix, Arizona, North Carolina, WPVI, Philadelphia, Georgia , Wisconsin
Bernard Arnault has gone from the world's wealthiest person to being on the brink of dropping to fifth. The LVMH CEO's net worth has tanked by $54 billion from its March peak, and $30 billion so far this year. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBernard Arnault was the richest person on the planet six months ago; now he's flirting with fifth place.
Persons: Bernard Arnault, , LVMH Moët Hennessy Louis Vuitton, Elon Musk, Jeff Bezos Organizations: Service, Tesla, Amazon, Bloomberg, Business Locations: Arnault
Read previewElon Musk's X says it accidentally restored temporary access to the social media platform in Brazil on Wednesday, just weeks after it was banned in the country. This story is available exclusively to Business Insider subscribers. This made "blocking the app much more complicated," the country's trade group for internet service providers added. In response, Musk closed X's Brazil offices and refused to comply with an order to name a legal representative in the country. X didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Elon Musk's, ABRINT, Basílio Rodriguez Pérez, Pérez, Musk, Alexandre de Moraes, X, Moraes, X didn't Organizations: Service, Global Government Affairs, Business, Brazilian Association of Internet, Telecommunications Providers, BBC, AFP, New York Times Locations: Brazil, Brazilian, Moraes
Read previewThe Secret Service is looking into Tesla CEO Elon Musk's tweet that questioned why no one was trying to assassinate President Joe Biden or Vice President Kamala Harris. According to Bloomberg News, the Secret Service declined to release information related to Musk's tweet over the weekend due to "enforcement proceedings." A Secret Service spokesperson said the agency knew of Musk's message but would not be offering further comment. As Bloomberg pointed out, the Secret Service often investigates direct and implied threats against the people they protect, including Biden and Harris. AdvertisementMost often, the worst that comes of it is a visit from a Secret Service officer.
Persons: , Elon Musk's, Joe Biden, Kamala Harris, Donald Trump, Biden, Kamala, elissa M cKenzie,, ince, egan, ake, hite Organizations: Service, Bloomberg News, Business Locations: usk, ried, ut
Elon Musk's X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country's supreme court on Thursday. The court said it would continue to impose "joint liability" on Starlink, the satellite internet service owned and operated by SpaceX, Musk's aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn't intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.
Persons: Elon Musk's, Brazil's, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, Cloudflare didn't Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, India, Turkey, Hungary
Melinda French Gates believes it's "so dumb" to try and maximize productivity by getting only a few hours of sleep. French Gates said, referencing CEOs and tech entrepreneurs who promote, in her eyes, a form of performative sleep deprivation. He's since changed his tune, and now aims for at least six hours of sleep per night, he told CNBC last year. Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates — French Gates' ex-husband — have shared similar stories. Now, he aims for a minimum of seven hours of sleep each night, he said.
Persons: Melinda French Gates, she's, Gates, who've, Indra Nooyi, Donald Trump, Marissa Meyer, Elon Musk, Tesla, I've, Musk, Jeff Bezos, Bill Gates, , Bezos Organizations: PepsiCo, Former U.S, CNBC, Microsoft Locations: Former
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