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In September 2023, NYC Mayor Eric Adams gave hip-hop mogul Sean "Diddy" Combs a key to the city. Both Adams and Combs were charged with crimes in September 2024. Go to newsletter preferences Thanks for signing up! AdvertisementAbout a year ago, New York Mayor Eric Adams gave Sean Combs, the music mogul known as Diddy, a key to the city. During a ceremony in Times Square, Adams handed Diddy the key, a symbol of recognition for New Yorkers who have achieved remarkable success.

Persons: Eric Adams, Sean, Diddy, Combs, Adams, they're, —, Sean Combs Organizations: Service, New, Catholic, Business Locations: New York, Harlem, Bronx

☆ Helene checklist: How to prepare for the hurricane
▼ + stars: | 2024-09-26 | by ( Brenda Goodman | ) edition.cnn.com time to read: +2 min

Hurricane Helene is expected to make landfall Thursday night along the Florida Gulf Coast near Tallahassee and then veer north, maintaining hurricane- and tropical storm-force winds and torrential rainfall into North Georgia and up to Tennessee. Up to 18 inches of rain is expected into the Carolinas, the National Weather Service said Thursday. About 40 million Americans are living under direct hurricane or tropical storm warnings across five states, according to CNN Supervising Meteorologist Brandon Miller. But by 2 or 3 a.m., those winds are going to be 50 to 60 miles per hour, potentially, and so you need to prepare for that before you go to sleep,” Miller said. “That’s something people can do: Pick a room in their house that is the most protected from falling debris, and sleep there tonight,” Miller said.

Persons: Helene, Brandon Miller, ” Miller, Miller, It’s Organizations: CNN, Carolinas, National Weather Service Locations: Florida Gulf, Tallahassee, North Georgia, Tennessee

☆ Trump Media co-founder and former ‘Apprentice’ contestant dumps about $100 million worth of stock
▼ + stars: | 2024-09-26 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

CNN —A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile, that stake is worth roughly $100 million at current prices. That is down from just over 7.5 million shares that the firm owned as of late March. Insiders were prohibited from selling shares in Truth Social owner Trump Media by lock-up restrictions, which appear to have lifted. Trump owns 114.75 million shares in Trump Media, according to the most recent filings.

Persons: Donald Trump’s, Andy Litinsky, Litinsky, burnish, Trump Organizations: CNN, Trump Media, United Atlantic Ventures, Trump Media & Technology Group, NBC, Insiders, Truth Social, Trump

Analyst Jared Shaw raised his rating on the regional bank to overweight from equal weight and upped his price target by $4 to $14. Analyst Rob Dickerson downgraded the chocolate maker to underperform from hold and slashed his price target by $21 to $163. Analyst Lincoln Kong upgraded U.S.-listed shares to buy from neutral and raised his price target to $22.60 from $16.50. — Alex Harring 5:51 a.m.: BofA hikes Meta price target following Connect event Bank of America sees more room for Meta Platforms to run due to its artificial intelligence possibilities. Starbucks shares are flat year to date, but they have popped more than 20% over the past three months.

Persons: Bernstein, Jared Shaw, NYCB, Shaw, — Alex Harring, Sell Hershey, Jefferies, Rob Dickerson, Dickerson, flatlining, Hershey, Alex Harring, BofA, Ralph Lauren, Christopher Nardone, Justin Picicci, Corey Van der, Nardone, Picicci, Goldman, Bilibili Goldman Sachs, Lincoln, Kong, Bilibili, Justin Post, Post, Metaverse, Meta, Brian Niccol, Danilo Gargiulo, Gargiulo, Niccol, — Fred Imbert Organizations: CNBC, . Bank of America, Barclays, Bancorp New, Bancorp New York Community, Wall, Hershey, America's, Lincoln Kong, Bank of America, Facebook, Meta, Orion, Taco Bell Locations: Bancorp New York, Wednesday's, Thursday's premarket, Bilibili, U.S

☆ Elon Musk is $100 billion richer than in April thanks to Tesla's stock surge — and worth more than McDonald's or Pepsi
▼ + stars: | 2024-09-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Elon Musk is worth more than Salesforce or Pepsi after a $100 billion wealth gain since April. Go to newsletter preferences Thanks for signing up! The Tesla CEO's net worth crashed from $229 billion at the start of January to $164 billion by late April, per the Bloomberg Billionaires Index. However, shares of the EV maker have surged by over 80% from their April low, driving a more than $100 billion increase in Musk's wealth to $270 billion at Wednesday's close. That includes an almost $50 billion rise since August 7, when Musk's fortune stood at an estimated $223 billion.

Persons: Elon Musk, —, Elon Organizations: Pepsi, Service, Tesla, Bloomberg, Business

☆ Stop asking my kids what their plans are for college. It's the question they hate the most.
▼ + stars: | 2024-09-26 | by ( Laura Falin | ) www.businessinsider.com time to read: +4 min

My fallback question was always the same with teens I didn't know well: "So…what are you going to do after high school?" AdvertisementEvery teen is differentAs an eldest daughter, I knew what I'd do after high school well before I graduated. Related storiesSo when my kids got to high school, I had to chill out. I had one kid who knew he was headed to college, even if he didn't know where until right before high school graduation. AdvertisementSomeday, I'll look back and know the answer to what my teens will do in the years after high school.

Persons: I've, I, hadn't, She's, I'm, she's Organizations: Service

☆ The majority of this generation feels behind on their retirement savings—how they can catch up
▼ + stars: | 2024-09-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The oldest Gen Xers are turning 59 this year, and once they reach 59½, they can begin making penalty-free withdrawals from their 401(k)s and individual retirement accounts. However, nearly 70% of Gen X, which is comprised of Americans between the ages of 44 and 59, feel behind on their retirement savings, according to a new retirement savings survey from Bankrate. The average 401(k) balance for people in their 50s, who make up the majority of Gen X, is $214,100. The good news: Many Gen Xers are already taking strides to get their retirement savings where they want them to be. Plus, they've increased their IRA contributions by 30% to the highest level in five years, per Fidelity's second quarter retirement analysis.

Persons: Xers, Mark Hamrick Organizations: Fidelity Investments Locations: Bankrate

☆ I lost my apartment in a fire. I learned that community is what makes a home.
▼ + stars: | 2024-09-26 | by ( Eleanor Whitney | ) www.businessinsider.com time to read: +1 min

In 2019, the Brooklyn apartment where I had lived for 10 years burned down. 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 . It was a crystal clear spring day with gusty winds, and my neighbor informed me that my Brooklyn apartment — and home of 10 years — was on fire. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business Locations: Brooklyn

☆ I've built a career in ethical hacking. Online scams are getting much, much worse — and AI isn't helping.
▼ + stars: | 2024-09-26 | by ( Emma Magnus | ) www.businessinsider.com time to read: +6 min

I liked the idea of doing the same thing, but without the criminal intent: finding those problems and fixing them. This flashy example was made for entertainment, but it still showcased how real criminals use fake profiles, phishing websites, and malware to compromise a person or company. New scams are being developed every dayI see multiple new scams or cyber security problems every day. It's creating better-looking scams, while deepfakes, voice clones, and video filters make it easier to fool people into believing things on the internet. AdvertisementWe're seeing romance scams where scammers are using deepfake video filter tools to pretend to be celebrities, for instance.

Persons: —, Laura Kankaala, I've, cybercriminals Organizations: Service, Business, LinkedIn Locations: Finnish, Finland

☆ Hoda Kotb announces she is leaving NBC's 'TODAY' show
▼ + stars: | 2024-09-26 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +1 min

Hoda Kotb will be leaving her role as a co-anchor on NBC's "TODAY" show early next year, she announced in a letter to staff on Thursday. Kotb first joined NBC News in 1998 as a correspondent, regularly appearing on "Dateline." In 2007, she became the inaugural host of the fourth hour of "TODAY," later joined by Kathie Lee Gifford and then Jenna Bush Hager. Family is family and you all will always be a part of mine." Disclosure: NBCUniversal is the parent company of CNBC and NBC, which broadcasts "TODAY."

Persons: Hoda, Kotb, Kathie Lee Gifford, Jenna Bush Hager, Savannah Guthrie, I've Organizations: NBC News, NBC, CNBC Locations: NBCUniversal

☆ CNBC Sport: Why television executives are freaking out over 2029
▼ + stars: | 2024-09-26 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +1 min

A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sources tell me the opt-out also affects "Sunday Ticket," the league's out-of-market package for which Alphabet's YouTube paid about $2 billion. That means that after the 2029 Super Bowl, the NFL has the right to completely rejigger the media landscape, if it so chooses. Five years is a lifetime in the media industry given the rapid pace of change. I don't think it's hyperbole to say 2029 could be the end of the modern media era.

Persons: Alex Sherman, NBCUniversal's Peacock, HBO Max, hadn't, it's Organizations: CNBC, Disney, YouTube, NFL, Paramount, HBO, Netflix, Google, Apple Locations: U.S

☆ My dream job at Google came with a great salary and perks but a nightmare 4-hour commute. It was totally worth it.
▼ + stars: | 2024-09-26 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

I had never visited San Francisco and arrived without a place to live. Once I got my bearings in San Francisco, I would start chasing after the dream job for which I uprooted my life. The perks were as good as advertised, and Google met my expectations of a dream job. I had moved across the country for my dream job, so I wouldn't let a four-hour daily commute stop me now. It started by uprooting my life and commuting four hours a day for my dream job at Google, and it was totally worth it.

Persons: —, Mike Manalac, It's, Vince Vaughn, Owen Wilson, San Francisco I, Tesla, I'd, don't, Lauryn Haas Organizations: Service, Google, CPA, Business, Walmart's, Silicon, Baltimore, Facebook, Fortune, Big Tech, Amazon Prime, LinkedIn, Sunnyvale, San, lhaas Locations: Chicago, CohnReznick, Baltimore, PwC, San Francisco, Sunnyvale , California, Silicon Valley, San, San Bruno, Sunnyvale, East Coast , West Coast, Midwest

☆ Naomi Osaka starts working with Serena Williams’ former coach after initial hesitancy
▼ + stars: | 2024-09-26 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Naomi Osaka has never hidden her admiration for Serena Williams and now she’s following in the 23-time grand slam champion’s footsteps. And while Osaka is excited about a new chapter in her career, the four-time grand slam champion says she was initially hesitant to start working with the well-known coach. “This isn’t rude because I found out it’s not true, but I didn’t know if he was a good coach or he coached Serena. I’m really glad that he’s taking this project on, as well.”“I would say I’m still a little nervous around him. I’m getting a little more comfortable day by day.”Patrick Mouratoglou talks to Osaka before her first-round match at the China Open.

Persons: Naomi Osaka, Serena Williams, Williams, Patrick Mouratoglou, Italy’s Lucia Bronzetti, Tsitsipas, Holger Rune, “, Serena, I’m, ” Patrick Mouratoglou, Robert Prange, Mouratoglou, ” Organizations: CNN, China, Reuters, Getty Images Osaka, Wimbledon Locations: Osaka, ” Osaka

A leaked internal guidebook from MrBeast is being passed around the tech world. Tech workers and investors are digging into the YouTuber's views on hiring, managing, and more. Related storiesA hardcore founder who writes like a real personMrBeast's guidebook is the latest "hardcore" corporate document to go viral in the tech world. "Leaked internal emails and memos are religious texts for the tech world," Alder said. Donaldson's casual, unpretentious writing style was a big factor in helping it spread across the tech world, industry insiders told BI.

Persons: —, He's, Jimmy Donaldson, Donaldson, Brian Chesky, Combinator's Paul Graham, Tom Alder, Alder, Jeff Bezos, ByteDance, Donaldson isn't, it's, John McCarus, Steve Jobs, MrBeast, Rachel Roberts Mattox, Mattox, Marc Cohen, Abhishek Sharma Organizations: Tech, Service, Hacker, Big Tech, YouTube, Unbundled, Google Locations: Silicon Valley

☆ Why Millennials and Gen Z Are Tracking Their Parents' Phones
▼ + stars: | 2024-09-26 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +12 min

While parents have used location-tracking apps to keep an eye on their kids since the tech was invented, millennials and Gen Zers are now turning the all-seeing eye onto their parents. The kids who grew up with extra watchful parents are now carefully eyeing their parents' every move. While phones lacked tracking technology when Shafer was younger, her parents set hard limits on which hours she could use her first cellphone and whom she could contact. She described her mom and dad's parenting style as "very typical of overbearing parents, especially immigrant parents." And more parents are tracking their kids in college to help quell their anxiety about the separation.

Persons: Sherry Howard, Howard, —, TikTok, Zers, Gen Zers, Kacy Shafer, Shafer, Stephiney Foley, Foley, Kelley Roebuck, Cousin Erica's, Roebuck, y'all, Gabrielle Lask, Lask, didn't, Dr, Kanchi Wijesekera, Julianne Goldfinger, Goldfinger, she's, I'm, Wijesekera, Joy Loverde, Loverde, they've, it's, Julia Pugachevsky Organizations: The New York Times, Pew, Business Locations: Ohio, Caribbean, West Virginia, New York, Shanghai, Smoky, Tennessee, Seattle, Florida, Illinois, California

☆ Goldman makes this stock its top pick for the fourth quarter on AI data center boom
▼ + stars: | 2024-09-26 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Digital Realty Trust is a key play on artificial intelligence data centers entering the fourth quarter as interest remains strong in the space, according to Goldman Sachs. Analyst James Schneider has a buy rating and top pick designation for the data center owner. While investors are long on data center stocks, they've recently turned more neutral on tower-focused names, he said. Digital Realty Trust shares rose modestly in early trading on Thursday. DLR YTD mountain Digital Realty Trust, year to date

Persons: Goldman Sachs, James Schneider, Schneider, bode, they've Organizations: Realty, Digital Realty Trust, Realty Trust Locations: Texas, hyperscalers

☆ OpenAI has 4 big challenges it needs to conquer in its quest for AI dominance
▼ + stars: | 2024-09-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +9 min

OpenAI bleeds C-suite executivesAs OpenAI chases a massive fundraising round, the startup continues to deal with a staff exodus. The nonprofit side of OpenAI will still exist and have a minority stake in the for-profit company, the sources told Reuters. "Given the ambitions of OpenAI, a non-profit structure has been too constraining. AdvertisementThe debate over whether OpenAI should be a for-profit company has been a bone of contention for one very vocal tech industry bigwig — Elon Musk. Park, the corporate law expert, told BI that the for-profit governance structure could also leave OpenAI vulnerable to greater government scrutiny.

Persons: —, OpenAI, Mira Murati, Sam Altman's, Murati, Barret Zoph, Bob McGrew, Altman, Greg Brockman, Wojciech Zaremba, Brockman, Ilya Sutskever, John Schulman, Peter Deng, Sutskever, James, I'd, Slack, Gene Munster, She's, Mira, — Elon, Musk, Gary Marcus, Marcus, Musk's, Mark Zuckerberg, xAI, Sam Altman, Munster Organizations: Service, Technology, Business, Microsoft, Nvidia, Wired, University of California, OpenAI, Bloomberg, Deepwater Asset Management, Reuters, Intelligence, Guardian, Meta Locations: It's, OpenAI, Los Angeles

☆ Podcast: How pro video gaming, or esports, is taking off with big dollars behind it
▼ + stars: | 2024-09-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +25 min

Finally, and most importantly, for the subject for this week's podcast, he's the Esports World Cup CEO. So if I would have any idea, any understanding on video games, right, I would watch that too. There's always a clear qualifying way to go to the Esports World Cup, right? I mean, in stadiums, security is being paid by the state for big competition, like a World Cup, right? Arjun KharpalAnd Ralf are you likely to keep the Esports World Cup in Saudi if you renew this next year?

Persons: Ralf Reichert, CNBC's, Tom Chitty, Reichert, Paris, Ralf Reichart, you've, it's, Arjun Kharpal Ralf, I've, I'd, There's, Arjun Kharpal, we're, haven't, Ralf Reichart It's, what's, Tom Chitty Ralf, What's, I'm, esports, we've, We've, Ralf, Ralf Reichart I'd, that's, Arjun, Tom, we'll Organizations: Sports League Gaming, MLS, Premier League, esports, Saudi Locations: esports, Riyadh, Saudi, German, Gothenburg, Sweden, Bangladesh, China, East, Africa, Saudi Arabia

☆ A 65,000-square-foot waterfront mansion, believed to be Canada's largest home, has been abandoned for over 15 years. Take a look inside.
▼ + stars: | 2024-09-26 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

The Peter Grant mansion, known as Canada's largest home, has been abandoned for over a decade. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 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 . Once owned by Grant Forest Products magnate Peter Grant, the Peter Grant mansion in Haileybury, Ontario, Canada, is believed to be the largest house in the country.

Persons: Peter Grant, — Organizations: Service, Grant Forest Products, Business Locations: Lake Temiskaming, Ontario, Texas, Haileybury , Ontario, Canada

☆ A majority of millionaires plan to vote for Harris over Trump in November
▼ + stars: | 2024-09-26 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

A majority of wealthy investors plan to vote for Kamala Harris over Donald Trump, a new UBS survey says. The survey shows 57% of investors with at least $1 million in investable assets support Harris, while 43% back Trump. AdvertisementA majority of wealthy investors are planning to vote for Kamala Harris over Donald Trump in the upcoming November election. 57% of survey respondents said they plan to vote for Harris, while 43% said they were going to vote for Trump. Harris had a significant edge among Independents, with 60% planning to support her vs 40% for Trump.

Persons: Kamala Harris, Donald Trump, Harris, — Organizations: UBS, Trump, Investors, Service, Business

☆ What we know about the 50 Cent documentary on the sexual assault allegations against Sean 'Diddy' Combs
▼ + stars: | 2024-09-26 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Read preview50 Cent is developing a documentary for Netflix about the sexual assault allegations against Sean "Diddy" Combs. 50 Cent and the director said they wanted to give 'voice to the voiceless'50 Cent is working on a documentary about Sean "Diddy" Combs. "While the allegations are disturbing, we urge all to remember that Sean Combs' story is not the full story of hip-hop and its culture. On March 25, 50 Cent tweeted: "Now it's not Diddy do it, it's Diddy done." GLG🚦GreenLightGang you know the vibes • https://t.co/jnbpt4Vpb3 pic.twitter.com/2lGlCsyykc — 50cent (@50cent) March 26, 2024

Persons: —, Sean, Diddy, Combs, Casandra Ventura, Curtis Jackson, Mark Curry, 🚨, ackson, erving, oiceless, ike Organizations: Service, Netflix, Homeland Security, Business, Forbes, Bad Boy Records, ust Locations: Ventura, uman

☆ Analysis: Eric Adams is the latest high-profile Democrat facing federal charges, further complicating Trump’s bias claims
▼ + stars: | 2024-09-26 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —Federal prosecutors say New York City Mayor Eric Adams engaged in a “long-running conspiracy,” accepting luxury travel and gifts from foreign businesspeople and at least one Turkish government official. Adams, who’s been indicted on five federal public corruption charges, has denied wrongdoing and says he is being targeted because of his positions. Federal agents search Gracie Mansion, the official residence of the mayor of New York City, on September 26, 2024, after Mayor Eric Adams was indicted on federal criminal charges. That Adams, a Democrat, has been charged by prosecutors in the Southern District of New York on corruption charges does not, on its own, disprove Trump’s point. Adams remains defiant in the face of the charges, but they are clearly having an effect on New York politics.

Persons: Eric Adams, Adams, who’s, “, ”, Gracie, Timothy A, Clary, Donald Trump’s, Trump, Sen, Bob Menendez, Trump’s, Menendez, Stormy Daniels, Attorney Alvin Bragg, Jack Smith, General Merrick Garland, Smith, George Santos, Santos, Elie Honig, Honig, Sheldon Silver, Dean Skelos, ” Honig, Alexandria Ocasio, Kathy Hochul Organizations: CNN, New York City, Getty, White, Department of Justice, DOJ, Democrat, of, New, New Jersey Democrat, Manhattan, Attorney, Trump, Republican, CNN The Southern, of New York, New York State Assembly, New York State Senate, Key New York Democrats, New York Gov Locations: New York, New York City, AFP, Southern, of New York, New Jersey, Florida, Washington , DC, York, Manhattan, Lower Manhattan, of New, New, Alexandria, Cortez

☆ Gold's tremendous rally is making even long-term bulls a bit nervous
▼ + stars: | 2024-09-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

It was the sixth positive trading session in a row. In midday trading, gold futures were adding to those records Thursday. XAU= YTD mountain Gold is trading at record highs and closing in on a 30% gain for 2024. However, Bank of America ETF strategist Jared Woodard warned in the same note that gold might be "tactically overbought." That would represent a roughly 5-8% pullback," Krinsky said, referring the SPDR Gold Shares fund backed by physical gold.

Persons: Jared Woodard, Woodard, Wayne Gordon, Gordon, Jonathan Krinsky, Krinsky Organizations: Federal, Bank, America, Bank of America, UBS

☆ The charges against NYC Mayor Eric Adams explained in 60 seconds
▼ + stars: | 2024-09-26 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +1 min

A grand jury has indicted New York City Mayor Eric Adams on 5 criminal counts in a corruption probe. Prosecutors accuse Adams of soliciting bribes from wealthy foreign businesspeople. He has been hit with charges of bribery and receiving illegal campaign contributions from foreign nationals. AdvertisementA grand jury has indicted New York City Mayor Eric Adams on five criminal counts in a federal corruption probe. The retired captain of the New York Police Department is the first sitting mayor of New York City to be indicted while in office.

Persons: Eric Adams, Adams, — Organizations: New, New York City, Service, New York Police Department, Business Locations: New York, New York City

☆ 36-year-old mom making $10,000 a month or more in passive income: My best advice for starting a successful side hustle
▼ + stars: | 2024-09-26 | by ( Rachel Jimenez | ) www.cnbc.com time to read: +5 min

When I first heard about the concept of passive income in my 20s, I laughed at the idea. DON'T MISS: How to master your money and grow your wealth As a 36-year-old mom of two, I now make $10,000 in passive income or more every month from four passive income streams. No matter what kind of side hustle or passive income venture you are starting, thorough research can help you avoid costly mistakes. Schedule dedicated time each week to focus on and stick to your passive income goals. Studying successful passive income earners has taught me that success doesn't come from quick wins but rather slow and steady progress toward a specific goal over time.

Persons: they'll, doesn't, I've, hustles, Jimenez, Rachel Jimenez Organizations: Google, Gold City Ventures

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