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While many Silicon Valley VCs and founders aren't huge Trump fans, their industry thrives when startups are getting acquired or going public quickly. The Biden administration clamped down heavily on tech M&A, so Trump's win could be a financial boon for the sector. Stephen Hays, the founder and managing partner of What if Ventures, said money is already moving again. AdvertisementBig Tech returns to the tableAs president, Trump could roll back some of the antitrust policies that his opponent would have continued. "People are keeping to themselves and just getting on with their business," said Conrad Burke, a managing partner of MetaVC Partners.
Persons: Kamala Harris, Reid Hoffman, Laurene Powell, Vinod Khosla, Harris, Donald Trump's, aren't, Biden, There's, Jordan Nof, Stephen Hays, Trump, Elon, Lina Khan's, Lulu Cheng Meservey, Y, Lina Khan, Kevin Dietsch, Brandon Brooks, — Trump's, JD Vance —, Chris Farmer, Mason Angel, Louis Lehlot, Lardner, Michael Greeley, Crypto, hasn't, Gary Gensler, Bitcoin, Brian Garrett, Garrett, Jenny Fielding's, Fielding, Conrad Burke, Leslie Feinzaig, bundlers, Kamala, I've Organizations: Democrat, White House, Trump, Tusk Venture Partners, Ventures, Tech, Federal Trade, Investors, Foley, Big Tech, Markets, Flare Capital, Biden, SEC, Crosscut Ventures, Google, Microsoft, MetaVC Partners Locations: Europe
Truth Social owner Trump Media & Technology Group, Trump’s social media company, is skyrocketing in value this morning after CNN and other media outlets projected Trump won the election. Trump is the dominant shareholder in the conservative social media company, which has scant revenue and is losing money. When a stock price starts to rise sharply, traders who bet against it are forced to buy back the stock to limit their losses. That’s despite the fact that Trump Media makes very little revenue and Truth Social is a relatively small player in social media. Trump Media disclosed Tuesday afternoon that its third-quarter revenue dipped 5% to just $1 million.
Persons: Donald Trump didn’t, , Trump, Matthew Tuttle, isn’t, Tuttle, ” Tuttle, Michael Block, Block, ” Block Organizations: New, New York CNN, White, Truth Social, Trump Media & Technology Group, CNN, Trump, Trump Media, Tuttle Capital Management, JetBlue, That’s Locations: New York, Iowa
Tech giants have poured billions of dollars into AI, and "prompt engineering" is a lucrative, in-demand job. "That kind of technology is in all the leading companies and a lot of universities," said Gates. "They finished it in just a few months," wrote Gates, calling the achievement "the most important advance in technology since the graphical user interface [in 1980]." "Today, somebody could raise billions of dollars for a new AI company [that's just] a few sketch ideas," Gates said, adding: "Just believing in AI, that's not very unique. Start today and use coupon code EARLYBIRD for an introductory discount of 50% off through November 26, 2024.
Persons: Bill Gates, Gates, Berkshire Hathaway, Warren Buffett, Elon Musk, Peter Thiel, Reid Hoffman, He'd, OpenAI, stoking, that's Organizations: Tech, Microsoft, Columbia University, Berkshire, Apple, IBM, PayPal, LinkedIn, CNBC Locations: chatbots
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDavid Rubenstein: Donald Trump has the power as president to get a lot done through CongressDavid Rubenstein, The Carlyle Group co-founder and co-chairman, joins 'Squawk Box' to discuss Donald Trump's victory in the 2024 presidential election, what his legislative agenda might look like, impact on the markets and the economy, and more.
Persons: David Rubenstein, Donald Trump, Donald Trump's Organizations: The Carlyle Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailScott Bessent on possible Treasury secretary role: I'm going to do whatever Donald Trump asksScott Bessent, Key Square Group founder and CEO, joins 'Squawk Box' to discuss Donald Trump's victory in the 2024 presidential election, future of government spending, the Fed's independence, and more.
Persons: Scott Bessent, Donald Trump, Donald Trump's Organizations: Key Square Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic issues drove voters' decisions in this election, says John Hope BryantOperation HOPE founder John Hope Bryant discusses what drove this voter's decision in this election and more.
Persons: John Hope Bryant Organizations: HOPE
After playing to the coasts, Hollywood is leaning toward faith and family-based shows and films. The Prime Video series will be the first to come out of Amazon's deal with The Wonder Project, a Christian-focused production company, for faith-based films and TV shows. After playing to the coasts with shows that embraced progressive themes, Hollywood is leaning into broadly appealing fare. That shift has included a combination of undeniably faith-based, conservative-themed, and family-aimed entertainment, agents, producers, and industry experts say. "Conservative, faith-based, family, is not a bad place to look," Thompson said.
Persons: , David, Vernon Sanders, Jennifer Salke, Nick Barnes, UTA's, Kevin Costner, Bob Iger, Tyler Perry, DeVon Franklin, Ruth, Boaz, Mary, Anthony Hopkins, Tim McGraw, Jim Caviezel, Jesus, Dallas Jenkins, Jon Erwin, UTA's Barnes, Jesus of Nazareth, Angel, Robert Thompson, Thompson, Hilary Swank, Jamie McCarthy, That's, Jason Blum, Taylor Sheridan, Barnes Organizations: Netflix, Service, Amazon MGM Studios, Paramount, Heartland, Disney, Angel, Angel Studios, Wonder, Networks, Cable, Syracuse University's Newhouse School of Public Communications, Center for Television, Popular, Conservative, York, Kingdom, Co, Lionsgate, UTA, Ampere Locations: Hollywood, UTA's Nashville, Los Angeles, American, California, America, Yellowstone, Georgia , Texas, Tennessee
“He wouldn’t miss Thanksgiving dinner,” Susan Baldwin told Dateline about her brother, 57-year-old Kevin Hornburg. Kevin Hornburg Susan BaldwinAccording to Susan, for the prior few months, Bobby had been living in Kevin’s Jamestown, New York, apartment. Susan told Dateline that Brown was the last person to see Kevin around 4 p.m. that day. “He loves being with us.”The Hornburg family Susan BaldwinSusan says she made the 25-minute drive from her home to Jamestown on Thanksgiving morning to help look for Kevin. “Merry called and said, ‘Would you like some help?’ I said, ‘Of course I would,’” Susan told Dateline.
Persons: wouldn’t, ” Susan Baldwin, Kevin Hornburg, Susan, Bobby Hornburg, Kevin, Bobby, , Kevin Hornburg Susan Baldwin, Michael Brown, Brown, “ Mike Brown, ” Susan, , It’s, Susan Baldwin Susan, Kevin’s, Merry Williams, “ Merry, , , ’ ” Susan, ” Merry, They’ve, he’s, “ Kevin A, Hornburg, “ Hornburg, ” James, Susan Baldwin, Danny, James Hornburg Susan Baldwin Susan, ” Kevin Organizations: Jamestown Police Department, Facebook Locations: Jamestown, Kevin’s Jamestown , New York, Western New York
SKIP AHEAD 6 tips that can help you prevent rips in tights | What to do if you notice a small rip in your tights | Tights that are less prone to ripping6 tips to prevent rips in tightsThe same way that keeping leather in good shape requires certain practices, as does learning how to wash sweaters to prevent damage, how you care for your tights will be a huge factor that impacts their longevity. According to experts we spoke with, the following tips can help prevent rips in your tights. “Look for a high denier count — ideally something between 60 and 100 denier.” Not familiar with a denier count? These tights have a denier count of 80, meaning they’re on the thicker side and less likely to snag, according to our experts. For this story, she interviewed textile and clothing experts on how to prevent rips in your tights and researched highly rated options with high denier counts.
Persons: , Simon Elliott, , Elliott, you’ll, Grace Thompson, Thompson, They’re, Clifton, Bethany Heitman, TikTok Organizations: XXL, Hanes, NBC, Facebook, Twitter
Tech billionaire Elon Musk and his business empire stand to reap massive rewards if former President Donald Trump returns to the White House. Elon Musk joins former US President Donald Trump during a campaign event in Butler, Pa., on Oct. 5, 2024. “I love Elon Musk,” Trump said at a rally in July. It’s not clear how Musk and Trump would navigate the ethical questions around a possible government role for the tech billionaire. “He would be in much less trouble in a Trump administration because Trump shares his hostility to regulation and regulators,” Richard Pierce, a law professor at George Washington University specializing in government regulation, told NBC News in an interview earlier this year.
Persons: Elon Musk, Donald Trump, Musk, Trump, Vladimir Putin, SpaceX, ” Musk, Brian Hughes, , ” Hughes, Justin Merriman, ” Trump, , walling, Kamala Harris, Harris, Biden, Larry Krasner, ” Richard Pierce, John Raoux, Angela Aneiros, ” Aneiros, Tesla, There’s, SpaceX countersued, • Tesla, ” SpaceX, Starlink, Justice Department —, Tucker Carlson, Carlson, he’s, SpaceX’s, Kamala Organizations: Tech, Trump, Musk’s, SpaceX, China —, U.S, Wall Street, NBC News, Boeing, Fox News, Bloomberg, Getty Images Trump, D.C, Trump Organization, Budget, America PAC, Philadelphia, George Washington University, Tesla, Co, Kennedy Space Center, Gonzaga University, university’s Center of Law, & Commerce, Justice Department, National, Traffic Safety Administration, Securities and Exchange Commission, Street, Justice, Employment, Commission, National Labor Relations Board, SEC, Twitter, Federal Communications Commission, Federal Aviation Administration, FAA, Safety, Health Administration, NLRB, Reuters, Defense Department, NASA, International, White, National Space Council Locations: China, United States, Taiwan, Ukraine, Washington, Trump’s, Pennsylvania, Butler, Pa, Palm Beach , Florida, Texas, California, Cape Canaveral, Fla, Los Angeles, Austin, Mars
Bernie Marcus, the co-founder of Home Depot who became a billionaire philanthropist and GOP donor, has died at the age of 95. "The entire Home Depot family is deeply saddened by the death of our co-founder Bernie Marcus," the company said. Born to Russian-Jewish immigrants in 1929, Marcus grew up in Newark, New Jersey, according to a biography shared by Home Depot. According to Forbes, Marcus had a net worth of about $11 billion at the time of his death. A longtime booster of Atlanta civic projects, Marcus donated $250 million to help build the Georgia Aquarium, among the largest in the world.
Persons: Bernie Marcus, Bernie, He’s, Marcus ’, Marcus, Arthur Blank, Ken Langone, Forbes, Jeb Bush, Scott Walker, Donald Trump, Hillary Clinton, Trump Organizations: Home Depot, CNN, Rutgers University, Atlanta Falcons, NASDAQ, Georgia Aquarium, Florida Gov, Wisconsin Gov Locations: Russian, Newark , New Jersey, Atlanta, Florida, United States
As Election Day finally arrives, election officials, legal experts and researchers are bracing for a flood of disinformation and legal claims as vote counting begins. The final week of the campaign featured three dynamics that could lead to a protracted legal dispute if the results are close, legal experts said. Election experts say that if a clear winner emerges quickly and voting proceeds without major disruptions, large numbers of Americans may have faith in the results. A misleading advertisement from the Election Integrity Network says “The Glitch Is In” alongside a carousel of news coverage of such procedural Election Day issues. The Election Integrity Network’s founder, Cleta Mitchell, promotes her thousand-strong group as a kind of “national neighborhood watch.”Researchers also point to a new kind of infrastructure around documenting and sharing such rumors on Election Day.
Persons: Donald Trump, “ They’ve, ” Trump, Danielle Tomson, , ” Tomson, , Jennifer Liewer, Chandan Khanna, Trump, noncitizens ’, Cleta Mitchell, Elon Musk, James O’Keefe, Mike Lindell, Ben Berwick, Berwick, ” Berwick, Olivier Touron, Kamala Harris, — Harris, Organizations: University of Washington’s Center, Convention Center, Getty, Seattle, Center, Conservative, Trump, America PAC, Heritage Foundation, Protect Democracy, , FBI, National Intelligence Director’s, Infrastructure Security Agency, Service, Naval, Convention, National Guard Locations: Allentown , Pennsylvania, Arizona, Liewer, Maricopa, Beach, West Palm Beach, Fla, Maricopa County, Ariz, Philadelphia, Phoenix, AFP, U.S, Russia, Beach County , Florida
A vocational school student in China who wowed the public in June by finishing near the top in the preliminary round of a math contest was helped by her teacher in violation of the rules, the organizers said this week. An investigation found that the math teacher’s assistance broke a rule of “no discussion with others,” the Alibaba Global Mathematics Competition Organizing Committee said Sunday. For this, we express our sincere apologies,” the organizing committee said. The teacher, Wang Runqiu, also entered the contest and finished 125th in the preliminary round. Damo Academy, the contest organizer, didn’t respond to an email, and a call to the vocational school was unanswered on Tuesday.
Persons: Jiang Ping, Jack Ma, Wang Runqiu, Jiang, Wang, didn’t Organizations: Cambridge, MIT, Caltech, Jiangsu Lianjiang Vocational, Damo Academy Locations: China, China’s Jiangsu, Jiangsu
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's trading committee breaks down the future of the equity rally post-electionJosh Brown, Ritholtz Wealth Management co-founder and CEO, Adam Parker, Trivariate Research founder and CEO, Courtney Garcia, Payne Capital Management senior wealth advisor, and Tom Lee, Fundstrat head of research discuss the election's impact on equity markets.
Persons: Josh Brown, Adam Parker, Courtney Garcia, Tom Lee, Fundstrat Organizations: Ritholtz Wealth Management, Trivariate Research, Payne Capital Management
He doesn't censor the kids, leading to many open and honest conversations. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The difference is that in my house, we talk openly about it because I'm determined not to censor the kids. We don't allow the kids to complain about one another unless the person they're talking about is in the room. AdvertisementI still have boundaries with the kidsEven though I don't sensor the kids, we still have boundaries.
Persons: Adam Feuerstein, , they're, I've, It's, who's, I'm, Michelle Organizations: Service
Ray Dalio says identifying your basic needs and ensuring they're covered is key to a happy life. Dalio told a podcast that the national debt, political infighting, and foreign rivals threaten the US. AdvertisementRay Dalio says figuring out your fundamental needs and setting aside enough cash to cover them is key to solving money troubles. Higher inflation and interest rates have made the economy a key concern for voters ahead of the presidential election. Failing to unite the country could result in revolution and subpar management, which Dalio deemed the "greatest risk" from a political standpoint.
Persons: Ray Dalio, Dalio, , Tom Bilyeu's, you've, They've, Donald Trump, Kamala Harris, who's Organizations: Service, Bridgewater Associates, Bloomberg, Republican, Democratic Locations: China, Russia
SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. Shares of Tesla surged overnight as investors bet a potential Donald Trump election victory would benefit major backer and CEO of the carmaker, Elon Musk. Tesla shares jumped 8% in overnight trading on Robinhood brokerage platform. Trump has promised to appoint Musk as the head of a government efficiency commission, if elected. "Your money is being wasted, and the department of government efficiency is gonna fix that," he said at the rally.
Persons: Elon Musk, Donald Trump, Musk, Trump Organizations: SpaceX, Tesla, Ridley High School, America PAC, Republican Locations: Folsom , Pennsylvania, Trump's
The former head of Meta's Orion augmented reality glasses initiative has joined OpenAI to lead the startup's robotics and consumer hardware efforts. OpenAI has gained popularity for its viral chatbot, ChatGPT, but the hiring underscores its apparent efforts to move into building and selling hardware. Former Apple exec Jony Ive, who helped design some of Apple's most iconic products from the iMac to the iPhone, has also partnered with OpenAI to create an AI device. The startup focuses on "bringing general-purpose AI into the physical world," per its website, and it aims to do this by developing large-scale artificial intelligence models and algorithms to power robots. Kalinowski's first day on the job at OpenAI is Tuesday, Nov. 5, per a LinkedIn post.
Persons: Orion, OpenAI, Caitlin, CK, Kalinowski, Jony, Jeff Bezos, Meta Organizations: Apple, Physical Intelligence, Amazon, Lux Capital, Bond Capital, Meta, Orion, Pro Locations: San Francisco, OpenAI
Nvidia passes Apple as world's most valuable company
  + stars: | 2024-11-05 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
Nvidia passed Apple in market cap on Tuesday becoming, for a second time, the most valuable publicly traded company in the world. Nvidia rose nearly 3% to close with a market cap of $3.43 trillion, ahead of Apple at $3.4 trillion. Nvidia is the dominant supplier of GPUs, which are used to develop and deploy advanced AI software such as OpenAI's ChatGPT. Apple was the first company to reach a $1 trillion and a $2 trillion market cap. S&P Dow Jones announced last week that Nvidia will join the Dow Industrial Average on Friday, replacing longtime rival Intel , and joining Apple in the blue-chip index.
Persons: Jensen Huang, OpenAI, Dow Jones Organizations: NVIDIA, Center, Washington , D.C, Nvidia, Apple, Apple Intelligence, Microsoft, Dow, Intel Locations: Washington ,
When Kobe Harris started his lip balm company on his bedroom floor in 2019, he wasn't necessarily looking to immediately drop out of college. Then, he sold $15,000 worth of lip balm in one day, and decided to take the leap, Harris said on Friday's episode of ABC's "Shark Tank." He asked his mom for $200 to purchase some ingredients on Amazon, and used them to experiment with lip balm formulas on his bedroom floor at home while working a summer lifeguarding job, he added. It's the advice Harris' mom, a multi-time business owner, gave him when he told her he wanted to drop out of college to make lip balm, he said. Sign up for CNBC's online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.
Persons: Kobe Harris, Harris, salve, Harris didn't, Kendra Scott, Lori Grenier, Daymond John, Mark Cuban, Kevin O'Leary, O'Leary Organizations: Loyola University Chicago, CNBC Locations: Las Vegas, Kobee
Here's what's at stake for global trade & tariffs this election
  + stars: | 2024-11-05 | 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 EmailHere's what's at stake for global trade & tariffs this electionCarlos Gutierrez, Empath co-founder and CEO and former Commerce Secretary under President George W. Bush, and Dewardric McNeal, Longview Global managing director and senior policy analyst discuss the global impact of the election.
Persons: Carlos Gutierrez, Empath, George W, Bush, Dewardric McNeal Organizations: Longview Global
New York CNN —Journalists from multiple news organizations have been denied credentials to former President Donald Trump’s election night watch event in West Palm Beach, Florida, in retaliation for their coverage of Trump’s campaign. Reporters at Politico, Axios, Puck, Voice of America and Mother Jones were among those denied credentials. Some, like Politico, had been previously granted access to the Tuesday night event only to have the decision reversed. But around the time Palmeri published a piece about “anxiety” within the Trump campaign, her credential was denied. The Trump campaign and his former administration have a history of revoking credentials for reporters, often in retribution over their coverage.
Persons: Donald Trump’s, Mother Jones, Tara Palmeri, Brian Williams, Trump, ” Puck, Jon Kelly, Chris LaCivita, , , ” LaCivita, , Sophia Cai, Aja Whitaker, Moore, Jim Acosta’s Organizations: New, New York CNN, Journalists, Politico, Axios, of America, CNN, Trump, Voice of America, Trump White House Locations: New York, West Palm Beach , Florida, White
OPEC always plays the long game, Energy Aspects' Amrita Sen says
  + stars: | 2024-11-05 | 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 EmailOPEC always plays the long game, Energy Aspects' Amrita Sen saysAmrita Sen, founder and director of research at Energy Aspects, says OPEC always plays the long game, after the group delayed its December output hike.
Persons: Amrita Sen Locations: OPEC
They have also considered the impact of potential tariffs proposed by former President Donald Trump. Some on Wall Street view a Harris win as a potential obstacle for antitrust and megacap technology stocks. "Regulatory scrutiny will probably help a lot of M & A activity under Trump — Harris, it'll be a little more of the status quo," said Jay Woods, chief global strategist at Freedom Capital Markets. This could "slow the pace of the AI revolution," he said in a recent post to X that also called a Harris win "more bullish" for the industry. Some investors also view Tesla as a likely winner under a Trump administration, given CEO Elon Musk's close ties to the former president.
Persons: Kamala Harris, Donald Trump, Roger McNamee, Harris, Trump, Trump — Harris, it'll, Jay Woods, McNamee, Vivek Arya, Joe Rogan, Arya, Ed Mills, Raymond James, of America's Brad Sills, Raymond James ' Mills, Dan Ives, Trump's, Tesla, Elon Musk's, Capital's, Wolfe, Chris Senyek Organizations: Elevation Partners, Tech, Antitrust, Google, Justice Department, Trump, Freedom Capital, Bank of America, PHLX Semiconductor, Democrat, Republican, SOX, Devices, Qualcomm, Nvidia, Broadcom, Texas Instruments, Intel, of America's, Microsoft, Oracle, Wedbush Securities, Investors Locations: stoke, Taiwan, China, Washington
Market Navigator: Are consumer staples due for a bounce?
  + stars: | 2024-11-05 | 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 EmailMarket Navigator: Are consumer staples due for a bounce? Katie Stockton, Fairlead Strategies founder, joins 'Power Lunch' to discuss whether consumer staples are due for a bounce.
Persons: Katie Stockton
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