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Mark Cuban has criticized Donald Trump's tariff proposals. AdvertisementMark Cuban is raising the alarm again on President-elect Donald Trump's tariff proposals. In a Threads post on Friday, Cuban said companies are already bracing for potential tariffs on Chinese imports by shoring up inventory. Cuban wrote that this will inevitably raise consumer prices due to the cost of storing inventory. Many economists say that Trump's tariffs will ultimately hurt consumers' wallets.
Persons: Mark Cuban, Donald Trump's, , Cuban, Trump, Kamala Harris, Harris, Paul Krugman, Philip Daniele, Timothy Boyle, Oliver Zipse Organizations: Service, Cuban, Trump, Peterson Institute for International Economics, Federal, Taxation, Economic, Columbia, Washington Post, BMW Locations: Cuban, China, United States
Mark Cuban, a key Harris surrogate, congratulated Trump in a post on X before the race was called. Cuban also congratulated Elon Musk — who's been a major Trump donor and staunch GOP supporter. AdvertisementVote counting is still underway, but Mark Cuban, a key campaign surrogate for Vice President Kamala Harris, has called the race for her opponent, former President Donald Trump. In an X post on Wednesday, Elon Musk, one of Trump's most vocal supporters, said the former president had been given a "crystal clear mandate for change." Representatives for Cuban and the Harris campaign did not immediately respond to requests for comment from Business Insider.
Persons: Mark Cuban, Trump, Harris, Cuban, Elon Musk, , Kamala Harris, Donald Trump, Joe Biden's, Elon, Cedric Richmond, Walz campaign's, Richmond Organizations: Trump, GOP, Service, Democratic, White, Howard University, Cuban, Business Locations: Arizona , Michigan, Wisconsin, America
Hinchliffe's Puerto Rico joke spawned the initial news cycle (and within 24 hours, a new digital ad from Vice President Kamala Harris' campaign). Related storiesThe Harris campaign did not immediately respond to a request for comment. That leaves it to each campaign to try to generate their own moments, like when Trump did a photo-op at McDonald's. In both cases, they were upstaged by secondary moments that their opponents successfully latched onto, with Hinchcliffe drowning out Trump's rally and Biden spoiling Harris' rally. AdvertisementIt's why Trump donned a bright orange vest and climbed into a garbage truck, and it's why his supporters are responding to Cuban's comments with a social media campaign.
Persons: , Sen, JD Vance, I'm, Vance, frontiersmen, Tony Hinchliffe's, Joe Biden, Donald Trump's, Kamala Harris, Trump, Harris, Mark Cuban, Cuban, Trump hadn't, Nikki Haley, he'd, Anna Kelly, Kelly, aren't, gaffes, Mitt Romney's, Hillary Clinton's Organizations: Service, Trump, White, Madison, Biden, Democratic, Republican Locations: Puerto Rico, Wausau , Wisconsin, Ohio, United States of America, Hinchliffe's Puerto Rico, Wisconsin, America, Madison
Entrepreneur Mark Cuban speaks at a campaign event for US Vice President Democratic presidential nominee Kamala Harris at University Wisconsin-La Crosse in La Crosse, Wisconsin, on October 17, 2024. Billionaire investor Mark Cuban said Sunday that he is not eyeing a White House cabinet role even as he vigorously campaigns for Vice President Kamala Harris in the race against former President Donald Trump. I have no interest in serving in the cabinet for Kamala Harris or anybody," Cuban said in an interview on ABC's "This Week." As he stumps for Harris, Cuban has occasionally injected his own policy visions for a hypothetical Harris administration, especially on corporate regulation. "I think the bigger picture is she's hurting more than she's helping," Cuban told Semafor, speaking mainly of Khan's efforts to break up Big Tech companies.
Persons: Mark Cuban, Kamala Harris, Donald Trump, gunning, Harris, Gary Gensler, Cuban, Lina Khan, Semafor Organizations: US, Democratic, University Wisconsin, Billionaire, White, Securities, Exchange, SEC, Cuban, Federal Trade, Big Tech Locations: La, La Crosse , Wisconsin
The best negotiators Mark Cuban has worked with — or against — have something in common: They're willing to compromise. "One: They're patient because they know what they're trying to accomplish," Cuban, 66, tells CNBC Make It. Cuban tries to showcase those qualities as an investor judge on ABC's "Shark Tank," where he often practices patient silence — sitting quietly while his fellow panelists offer up their thoughts and questions. DON'T MISS: The ultimate guide to negotiating a higher salary″There will be times when someone walks in on 'Shark Tank' and I'm thinking to myself: 'There's no way I'm interested.' Or, if I am, I don't have quite all the data that I need to make a decision,'" Cuban said.
Persons: Mark Cuban, , Chris Voss Organizations: CNBC
First, he'd learn how to write prompts for artificial intelligence language models like OpenAI's ChatGPT or Google's Gemini. "Then, I would go to businesses, particularly small- to medium-sized businesses that don't understand AI yet," says Cuban. AI prompt engineering — or, the ability to phrase inquiries to chatbots to get desired responses — can be a particularly lucrative opportunity. The average pay for AI tutors starts at about $30,000 per year, and full-time AI prompt engineers can make up to $129,500, according to job board platform ZipRecruiter. 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: Mark Cuban, he'd, I'd, Zers, bartended, Cuban Organizations: CNBC, Vanderbilt University, Indiana University, CompuServe, Yahoo, Cuban, Forbes Locations: U.S, Pittsburgh
Vice President Kamala Harris is campaigning for president against Elon Musk at least as much as she is against former President Donald Trump, Mark Cuban said Monday, as he advocated for the Democratic nominee as the pro-business choice. "It's the Harris campaign versus Elon, not even versus Trump," the billionaire investor and former "Shark Tank" host said on CNBC's "Squawk Box." Cuban's remarks were the latest volley between the two billionaires, who have taken on increasingly prominent campaign roles while ramping up attacks against each other. Asked for his view on the latest polls, which broadly show a neck-and-neck race between Harris and Trump, Cuban said, "Nobody really knows, and so really it comes down to get out the vote." "And the crazy thing is, it's the Harris campaign versus Elon, not even versus Trump," said Cuban.
Persons: Kamala Harris, Elon Musk, Donald Trump, Mark Cuban, Harris, Cuban, Cuban's, Musk, Trump, wasn't, Donald Trump hasn't, Stephen Miller Organizations: Elon, Democratic, Trump, Tesla, SpaceX, PAC, GOP, Cuban, CNBC, America PAC, Cost Locations: Cuban, Pennsylvania, Taiwan
The Grinch is the one that's going to be putting these small business out of business." Unlike Musk, who has donated nearly $75 million and counting to Trump-aligned groups, Cuban is not a political donor. Ben Wikler, Wisconsin's Democratic Party Chair, praised Cuban's "talents" and said he has credibility to reach voters on business and economic issues. But I trust her.”None of this, however, is unfamiliar territory for Cuban, who played a similar role in 2016 for Clinton’s ultimately unsuccessful campaign against Trump. Before that campaign, Trump and Cuban had a hot-and-cold relationship.
Persons: Elon Musk, Donald Trump, Kamala Harris, Mark Cuban, Hillary Clinton, Cuban, Harris, Doug Emhoff, Harris —, , He’s, Kamala, Trump, Zoe Lofgren, Ben Wikler, Cuban's, Wikler, Jim Watson, Musk, ” Cuban, Chuck Todd, , Elon, ‘ There’s, , Theo Von’s, Diddy, knifed Trump, I’d, Von, Clinton’s, Clinton, Stephen Colbert’s, “ Donald, Gennifer, ” Trump, Bill Clinton, — Trump, Mandel Ngan, Jeff Hauser, Lina Khan, Alexandria Ocasio, “ Harris ’ Organizations: Elon, IGN, Cuban, Venture, SpaceX, Trump, Commission, Equis Research, Wisconsin's Democratic Party, Getty, NBC News, NBA, Dallas Mavericks, Democrats, “ Major League Baseball, Security and Exchange Commission, SEC, Fox News, Department of Health, Human Services, Federal Locations: Wisconsin, Phoenix, Michigan, La Crosse , Wisconsin, Pennsylvania, AFP, Cuban, United States, Harris, Alexandria, Cortez
Billionaire Mark Cuban is hitting the stump for Kamala Harris. AdvertisementWhile former President Donald Trump turns to Tesla CEO Elon Musk, Vice President Kamala Harris has a billionaire of her own to help the campaign's home stretch. Harris will stump with billionaire investor and former "Shark Tank" star Mark Cuban on Thursday in Wisconsin. Cuban's campaign appearances come amid speculation that the billionaire might aspire to join Harris' administration if she wins the election. During a previous press call hosted by the Harris campaign, Cuban conceded that Gensler's actions remain an open wound.
Persons: Mark Cuban, Kamala Harris, Harris, , Donald Trump, Elon Musk, Doug Emoff, Trump, Gary Gensler, Cuban Organizations: Service, Trump, Securities and Exchange, cryptocurrency, Cuban, Politico, SEC, Dallas Mavericks Locations: Wisconsin, Cuban, Harris, Arizona, Michigan, Butler , Pennsylvania
Mark Cuban attends the Round 1 Game 2 of the 2024 NBA Playoffs between the Los Angeles Clippers and the Dallas Mavericks game at Crypto.com Arena on April 23, 2024 in Los Angeles, California. Mark Cuban on Thursday is set to campaign alongside Democratic presidential nominee Kamala Harris in Wisconsin, the first of three swing states the billionaire businessman will visit in support of the vice president's White House bid. Cuban, the "Shark Tank" star and former majority owner of the Dallas Mavericks, will join Harris at events in Milwaukee and La Crosse on Thursday, a Harris campaign official told NBC News. He will head to Phoenix, Arizona, on Saturday to host a talk about Harris' economic agenda. Cuban's swing through the major battlegrounds, first reported by Yahoo Finance, follows his frequent praise of Harris on CNBC and in other media interviews.
Persons: Mark Cuban, Kamala Harris, president's, Harris, Douglas Emhoff Organizations: Los Angeles Clippers, Dallas Mavericks, Crypto.com Arena, Democratic, Cuban, NBC News, Yahoo Finance, CNBC Locations: Los Angeles , California, Wisconsin, Milwaukee, La Crosse, Phoenix , Arizona, Grand Rapids , Michigan
The best employees Mark Cuban has hired aren't the ones with unwavering confidence or sharp business acumen. "For me, the number one thing is you reduce stress rather than create it," Cuban, 66, told CNBC Make It at an event announcing his AI partnership with Google. "There's a lot of people that are just a whirlwind and everything seems to be difficult, causing a lot of unnecessary stress." Research has shown that stress seriously impacts productivity and job performance, and it's estimated to cost American businesses more than $300 billion every year. With all this in mind, Cuban said, "the greatest value you can offer a boss is to reduce their stress."
Persons: Mark Cuban, Cuban, Wiens, It'll Organizations: CNBC, Google, Research, University of Pennsylvania's, Medical Education
But when he first moved to the city, Cuban says he spent months sleeping on the floor of an apartment. Cuban recounted his early days in Dallas on the "Life in Seven Songs" podcast this week. AdvertisementThese days, billionaire Mark Cuban resides in a 24,000-square-foot mansion located in one of the nicest neighborhoods in Dallas. But his boss fired him instead, Cuban told The Standard. "I was young, single, and crazy, and there were no limits," Cuban told the outlet.
Persons: Mark Cuban, Cuban, , wasn't, San Francisco Standard's, Cuban's, Kamala Harris, Donald Trump Organizations: Service, San, Indiana University, Cuban, American Airlines, Dallas, Mavericks, Republican Locations: Dallas, Cuban
Entrepreneur and investor Mark Cuban took it a few steps further, spending six figures to buy a lifetime flight pass. Cuban didn't know if lifetime flight passes even existed, he said, but he grabbed a phone and dialed up American Airlines anyway. In 1994, American Airlines replaced the AAirpass with a similar membership, Airpass, which offered fixed-rate flights for frequent business travelers. Let's call American Airlines.'" "[Buying a plane] was my all-time goal because the asset I value the most is time, and that bought me time," Cuban told Money in 2017.
Persons: Mark Cuban, , Shay Shay, Cuban, I've, I'm, Get Organizations: CompuServe, Airlines, Cuban, American Airlines, Yahoo, Gulfstream, CNBC Locations: Cuban, LA, Dallas
Mark Cuban and Donald Trump started out as rivals with dueling business-themed reality shows. "Let's get some things cleared up in case anyone is confused," Cuban wrote. Cuban wrote that Trump had covered "every inch of every wall" in his office with photos and magazine covers of himself. After Cuban published his blog post, Trump said that he didn't remember meeting Cuban. Cuban wrote a follow-up blog post titled "Of course you don't remember, Donald."
Persons: Mark Cuban, Donald Trump, Frederick M, Brown, Donald, Trump, Cuban Organizations: Chicago Sun, Mar, Cuban Locations: Lago, New York, Cuban
Elon Musk shared another post on social media expressing support for Donald Trump. AdvertisementMark Cuban warned Elon Musk about supporting Donald Trump in a social media post on Sunday, as the online feud between the two billionaires continues. "Very few Americans realize that, if Trump is NOT elected, this will be the last election," Musk wrote. In response, Cuban called Musk a "loyal, faithful soldier" to Trump and warned that his fealty won't always be rewarded. Advertisement"Elon, there will come a time when you need something from Donald Trump.
Persons: Elon Musk, Donald Trump, Mark Cuban, Trump, Cuban, , Musk, Elon, David Sacks, Kamala Harris Organizations: Service, GOP, Trump, PAC, Democratic, Cuban, Business, Dallas Mavericks, Republican Locations: Harris, Pennsylvania
Billionaire investor Mark Cuban cautioned Tesla CEO Elon Musk on Sunday against forming an alliance with former President Donald Trump, because, he said, the Republican presidential nominee may not ultimately repay his political debts. "Elon, there will come a time when you need something from Donald Trump," Cuban wrote in an X post to his fellow billionaire. Trump, Cuban believes, might not follow through on that exchange for Musk. Earlier this month, Trump endorsed the government efficiency commission idea and suggested Musk could be a "good one" to lead it. But the Republican nominee hedged that Musk, a busy CEO of multiple companies, might not have the time for the job, but that he could "consult."
Persons: Mark Cuban, Tesla, Elon Musk, Donald Trump, Elon, Cuban, Trump, Musk, Kamala Harris, Harris, hedged Organizations: Republican, SpaceX, Trump, Musk, Cuban, Securities and Exchange Commission, SEC Locations: Cuban
When Mark Cuban was in his 20s, his goal was to retire at age 35. These days, the 66-year-old billionaire entrepreneur and investor says he has no imminent plans to stop working. Rather, Cuban says he plans to shift the majority of his working hours toward running his direct-to-consumer online pharmacy, Cost Plus Drugs. Cuban initially invested $250,000 into Cost Plus Drugs after its founder and CEO, Alex Oshmyansky, cold-pitched him on the idea in 2018. Over the following two years, Cuban invested more and more until he eventually owned the company.
Persons: Mark Cuban, I'm, He's, Rather, Alex Oshmyansky, he's, it's Organizations: CNBC, NBA's Dallas Mavericks, Cuban
Mark Cuban is among the richest people in the US, with an estimated net worth of $5.7 billion. He's earned his fortune through business deals including the $5.7 billion sale of Broadcast.com. Go to newsletter preferences Thanks for signing up! AdvertisementMark Cuban, 66, is one of the wealthiest people in America, with an estimated net worth of $5.7 billion, according to Forbes. This story is available exclusively to Business Insider subscribers.
Persons: Mark Cuban, He's, Organizations: Service, Forbes, Business Locations: Dallas, America
Read previewBillionaire investor Mark Cuban doesn't think former President Donald Trump's call for 200% tariffs on agriculture equipment company John Deere is a good idea. Cuban was weighing in on the 200% tariff that Trump said he would impose on John Deere. But imposing such a hefty tariff on John Deere, Cuban said, would be counterproductive. But tariff Chinese manufacturers 10 or 20%, so that the Chinese products will be cheaper to sell in the US than the American company," Cuban wrote on X.Advertisement"Good way to destroy a legendary American company and increase costs to American buyers," he continued. AdvertisementCuban and representatives for Trump and John Deere did not immediately respond to requests for comment from Business Insider sent outside regular office hours.
Persons: , Mark Cuban doesn't, Donald Trump's, John Deere, Cuban, Trump, they've, I'm, Kamala Harris, Harris, CNBC's, I've, Andrew Ross Sorkin, She's, Maria Bartiromo, Bartiromo Organizations: Service, Cuban, Trump, Business, Democratic, Fox News, Business Insider Locations: Smithton , Pennsylvania, Mexico, United States, Dubuque , Iowa, Ramos, American, China
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
In his experience, his best employees have different qualities and skills than he does, says the billionaire founder of Kind Snacks. "You want to be careful not to hire the same person you are," Lubetzky, 56, tells CNBC Make It. Humans are more inclined to collaborate with, befriend and even form romantic relationships with people who have similar interests, education, skills and values. Lubetzky learned the value of working with people who have opposing viewpoints at his first company, PeaceWorks, he says. There is one quality that bosses and employees should always share, Lubetzky says: values.
Persons: Daniel Lubetzky isn't, that's, Lubetzky —, Mark Cuban's, , Lubetzky, everyone's Organizations: CNBC Locations: Qualtrics
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Cuban has warned that Trump's plan to impose sweeping tariffs on US imports would burden even tiny businesses with expensive, arduous compliance. Related storiesHe was critical of Trump's tariffs on China during his time in the White House and has slammed the Republican candidate's threat of more of the same. "Tariffs are the worst possible incentive for all but a few products," he said, adding that they "almost always" cost consumers more money. Tariff pain and small business woePaul Krugman has been vocally against plans for fresh tariffs if Trump wins in November.
Persons: , Cuban, Elon Musk's, Grok, Trump, He's, Kamala Harris, Paul Krugman, what's, Kevin O'Leary Organizations: Service, Business, Cuban, Trump, Republican, Dallas Mavericks, Yahoo, White, Democratic, Getty Locations: Cuban, China, Wisconsin
Billionaire investor Mark Cuban on Thursday insisted that Democratic presidential nominee Kamala Harris would not tax unrealized gains as president. Cuban, who says he speaks with Harris' team frequently, maintained to CNBC that she is not interested in taxing unrealized gains. He cautioned, "I'm not going to speak for the vice president, she makes the final decision." Harris, who took over the Democratic ticket less than four months before Election Day, has not explicitly ditched the plan to tax unrealized gains. Harris, said Cuban, is "starting from the Biden plan as a starting point, but that's not necessarily her ending point."
Persons: Mark Cuban, Kamala Harris, I've, it's, Harris, I'm, Biden, Cuban's, Joe Biden, that's, Donald Trump Organizations: Democratic, CNBC, Republican, Democrat, Biden
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
Insider Today: Mark Cuban vs. Big Pharma
  + stars: | 2024-08-04 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
But first: Big Tech reporting for duty. AdvertisementEven before Amazon, Apple, Meta, and Microsoft reported earnings, investors' focus was clear. Meta CEO Mark Zuckerberg didn't shy away from his intention to keep plowing money into AI, but investors didn't mind. Softening demand from shoppers for Amazon led to a miss in reported net sales and a weaker-than-expected sales forecast for the third quarter. Also read:Getty Images; Jenny Chang-Rodriguez/BIMark Cuban's pharma missionIn 2022, Mark Cuban launched a low-cost online pharmacy with the goal of cutting drug prices for consumers.
Persons: , Jeff Bottari, Rebecca Zisser, Tesla, Mark Zuckerberg, iStock, That's, Gen, Zers, Tyler Le, Tetiana Lazunova, Jenny Chang, Rodriguez, Cuban's, Mark Cuban, somebody's, Emily Durham Organizations: Service, Business, Big Tech, Getty Images, Apple, Meta, Microsoft, Apple Intelligence, Amazon, pharma, Cuban's pharma, Cost, Pfizer, Novo Nordisk Locations: China
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