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☆ DOGE should push its cuts 'to the very limit,' says Argentine president who inspired Musk and Ramaswamy
▼ + stars: | 2024-11-20 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

AdvertisementElon Musk and Vivek Ramaswamy, co-heads of DOGE, are working out how to cut the federal government. Milei closed nine ministries, firing thousands of officials, and cut spending by an estimated 31%. Argentina's president says Elon Musk and Vivek Ramaswamy should all go "all the way" in cutting US federal spending. Both Musk and Ramaswamy have repeatedly praised Milei and taken inspiration from him for their Department of Government Efficiency. While Milei has achieved most of his sweeping cuts via executive decree, US spending cuts would likely involve working with Congress, where Republicans will hold just a slim majority.

Persons: Elon Musk, Vivek Ramaswamy, Javier Milei, Lex Fridman, Milei, Fridman, Ramaswamy, Musk, Donald Trump's Mar, Musk's Tesla Organizations: Ramaswamy, Government, Fox News, United Nations, Congress Locations: Argentine, Argentina, Milei, Lago, Musk's, Austin, New York

☆ Meet the Press – November 17, 2024
▼ + stars: | 2024-11-17 | by ( ) www.nbcnews.com time to read: +58 min

And by the way, I do believe that President Trump has the ability to pick some really, really good people. We've seen what they've done to President Trump, we've seen the attacks that they continue to go after him with. That's - that’s being taken completely out of context. And President Trump hasn't been the one that weaponized the DOJ to go after his political enemies. I think that's a pretty controversial pick, from whatever pronoun that he or he - he or she decides to use.

Persons: KRISTEN WELKER, Donald Trump’s, SEN, LISA MURKOWSKI, SUSAN COLLINS, KEVIN CRAMER, JOHN BOLTON, Trump’s, Trump, MIKE JOHNSON, JOHN, CHUCK SCHUMER, DONALD TRUMP, Hakeem Jeffries, Markwayne Mullin, Amna Nawaz, Eugene Daniels, Jen Psaki, Lanhee Chen, it’s, Kristen Welker, Donald Trump, Matt Gaetz, Gaetz, who's, we're, Mike Johnson, Johnson, MATT GAETZ, Robert F, Kennedy Jr, Kennedy, he's, ROBERT F KENNEDY JR, I'm, I've, LEX FRIDMAN, Trump's, Pete Hegseth, Hegseth, ” Hegseth, SHAWN RYAN, PETE HEGSETH, Mullin, Press . SEN, MARKWAYNE MULLIN, Kristen, you've, Kristi Noem, Matt Gaetz's, they're, Matt, Here's, We've, we've, Biden, Hunter Biden, didn't, Trump hasn't, Garland, Pete, Bobby Kennedy, Bobby, Rachel, Sam, There's, Pete Buttigieg, Let's, Kristen –, there's, let's, Chuck Schumer, Obama, Canning, we'll, He's, Jeffries, HAKEEM JEFFRIES, Roe, Wade, Pelosi's, Pelosi, It's, Nancy Pelosi, Jim Clyburn, Steny Hoyer, That's, should've, Kamala Harris, it's, Matt Gaetz –, Tulsi Gabbard, Debbie Wasserman Schultz, DEBBIE WASSERMAN SCHULTZ, Assad, She's, Dick Durbin, Donald Trump's, Politico “ Playbook, AMNA NAWAZ, Jim Mattis, Rex Tillerson, John Kelly, Eugene, EUGENE DANIELS, –, Susan Collins, hasn't, LANHEE CHEN, aren't, Doug Burgum, Marco Rubio, Elise Stefanik, Jen, JEN PSAKI, – AMNA NAWAZ, that's, Thune, Biden's, George W, Bush, Joe Biden, JOE BIDEN, – I’ve, —, – JEN PSAKI, Elizabeth Warren, Bernie Sanders, We're, We'll Organizations: GOP, Democratic, Oklahoma, PBS, White House Press, Hoover Institution, Press, NBC, Department of Justice, Mar, FBI, CDC, ATF, DOJ, NBC News, Republicans, of Health, Human Services, Defense, Fox News, Police, Republican, Pentagon, Press ., Trump, Senate, Biden, White, Justice Department, America, Senate Armed Services Committee, The Washington, HHS, of Energy, Department of Transportation, RFK Jr, ’, House Democratic, Democracy, REP, House Democrats, Social, Medicare, Democrats, Committee, of, Politico, Stanford University, Trump’s, Gaetz, Department of Defense, Office, Mr, Republican Party, Democratic Party Locations: Washington, America, Florida, Monterey , California, States, Oklahoma, Russia, United States, Afghanistan, Iraq, New York, American, Syria, Russian, Will, California, –, Trump

☆ Trump’s latest controversial Cabinet pick could have a huge impact on Americans’ health and lives
▼ + stars: | 2024-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

The president-elect’s previous selections for director of national intelligence, attorney general and defense secretary could change the country and the world in the long term. The US Department of Health and Human Services secretary has a massive platform and huge power to influence the information that Americans have and the choices they make. “I guess if you like health and you like people who live a long time, it is the most important position,” Trump said. Christina House/Los Angeles Times/Getty ImagesAnother health expert and former US Centers for Disease Control and Prevention acting director condemned the pick. The highly contagious disease is preventable with two doses of the measles vaccine that most Americans get as kids.

Persons: Donald Trump’s, Robert F, Kennedy Jr, “, Kennedy, Trump’s MAGA, Kennedy’s ascendency, Bobby ’ Kennedy, ” Trump, Bobby, ”, Matt Gaetz, Trump, Pete Hegseth, Tulsi Gabbard, Bashar al, Assad, Carlos Barria, Jake Tapper, Indiana Sen, Jim Banks, Jake, Donald Trump, ” Banks, —, ’ Kennedy, he’d “, Dr, Ashish Jha, Covid, CNN’s Wolf Blitzer, Jha, Christina House, Richard Besser . Besser, CNN’s Kaitlan Collins, kindergartners, Mandy Cohen, CNN’s Meg Tirrell, who’s, ” Cohen, Lex Fridman’s, CNN’s Kasie Hunt, don’t, –, ’, won’t, Mitch McConnell — Organizations: CNN, National Institutes of Health, RFK Jr, Trump, US Department of Health, Human Services, Trump’s, Fox News, America, Reuters, Biden, Brown University’s School of Public Health, Republican, Democratic, “ RFK, Los Angeles Times, US Centers for Disease Control, World Health Organization, CDC, Milken, Health Summit, Trump Cabinet, Senate, FBI, GOP Locations: Lago, Florida, Palm Beach , Florida, Washington, Huntington Park , California

☆ Why Elon Musk's push to cut federal waste might succeed where others failed
▼ + stars: | 2024-11-15 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

Elon Musk and Vivek Ramaswamy are promising to tame the federal government. Substantial changes to the federal budget would most likely require action from legislators, though Trump transition officials are reportedly looking for ways to short-circuit Congress' power over spending. AdvertisementPast presidents have tried to cut the federal budget with mixed successThe federal government isn't a business. AdvertisementClinton took another stab at cutting federal spending and improving government processes with his National Performance Review, which was led and staffed by federal employees instead of the private sector. AdvertisementSocial Security and Medicare are the two single biggest areas of federal spending, and changing them could be politically unpopular.

Persons: Elon Musk, Vivek Ramaswamy, they've, Trump, Reagan, Clinton, Ronald Reagan, Bill Clinton, David Walker, J, Peter Grace, Grace, didn't, Musk, Ramaswamy, Thomas Schatz, hasn't, Lex Fridman's, Veronique de Rugy, —, de Rugy Organizations: Government, Department of Government, Trump, Congress, Government Waste, Grace, Office, Citizens, Securities and Exchange Commission, Federal Aviation Administration, SpaceX, Social, Cato Institute, Social Security, GOP

According to the same polls, boomer men supported Trump over Harris 57% to 39% while boomer women chose Harris 52% to 43%. On Monday, Trump, at a battleground on the eve of Election Day, invited Lara Trump and his daughter Tiffany to the stage. The Trump campaign has been pointing to partisan turnout numbers as evidence that he is building an advantage with early voting. Since 1980, nearly every presidential election has seen a split, which in recent decades has shown Democrats winning with women voters. This was the case in 2016, when Hillary Clinton led women by double digits, and in 2020, when President Joe Biden won women voters as well.

Persons: Kamala Harris girding, Liz Cheney, Donald Trump, Harris, Trump, Ann Selzer, “ Harris, ”, Partners Scarlett Maguire, “, Joe Rogan, Lex Fridman, Republican pollster Kellyanne Conway, you’re, Lara Trump, Danica Patrick, Kristi Noem, Morgan Ortagus, Tiffany, Megyn Kelly, Kelly, Nikki Haley, ” Trump, Haley haven't, Cheney, — Trump, Tom Bonier, Covid, Wade, don’t, Lala Johnson, Ned McCarthy, Hillary Clinton, Joe Biden, Harris ’ Organizations: Democratic, Republican, J, Des Moines Register, Democrat, J.L, Boys, MIT, NBC, Trump, Harris, NBC News, Republican National Committee, NASCAR, South Dakota Gov, Pittsburgh, Republicans —, Arizona voters Locations: Trump, Iowa, Harris, Arizona, Roe

☆ One week out from the election, Jared Kushner and Ivanka Trump still say they're set on moving on from Trumpworld
▼ + stars: | 2024-10-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Jared Kushner and Ivanka Trump were advisors to Donald Trump when he was in office. Her husband, Jared Kushner, says they're "rooting for" Trump but will not return to politics if he wins. Kushner told The Times that if Trump is elected, he does not expect "a major shift in terms of what we prioritize." I do not plan to be involved in politics," Ivanka told Fox News Digital after she skipped Trump's 2024 campaign launch. I think you have to either be all in or all out," Ivanka told the podcaster Lex Fridman in an episode that aired in July.

Persons: Jared Kushner, Ivanka Trump, Donald Trump, Ivanka, Trump, —, Kushner, Ambani, Arabella Rose Kushner, Carbone, Lex Fridman, it's Organizations: Service, The New York Times, The Times, Times, Fox News Digital, Business Insider, Republican National Convention, Miami Grand Prix, Affinity Partners Locations: Washington, India, Saudi Arabia

☆ Trump says he’s open to eliminating income taxes as he pushes sweeping tariff proposals on podcast with Joe Rogan
▼ + stars: | 2024-10-26 | by ( Kate Sullivan | Shania Shelton | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump said on Joe Rogan’s podcast Friday that he would be open to eliminating income taxes, while pushing his sweeping tariff proposal and praising the economic policies of the late 19th century. While talking about tariffs, Trump was asked by Rogan, “Did you just float out the idea of getting rid of income taxes and replacing it with tariffs?”“Well, OK,” Trump said during the interview on “The Joe Rogan Experience.”Rogan asked, “Were you serious about that?”“Yeah, sure. Rogan’s reversal on hosting TrumpThe interview comes after years of Rogan saying he would not have the former president on his podcast and recent attacks from Trump himself. “It will be interesting to see how loudly Joe Rogan gets BOOED the next time he enters the UFC Ring??? In the past three years, “The Joe Rogan Experience” has consistently been the No.

Persons: Donald Trump, Joe Rogan’s, Trump, Rogan, “, ” Trump, Joe Rogan, ” Rogan, McKinley —, “ I’m, I’ve, I’m, Lex, Robert F, Kennedy Jr, ”, ” “, Kamala Harris, Beyoncé, CNN’s Alayna, DJ Judd, Ali Main Organizations: CNN, Trump, Democratic Locations: America, Texas, Michigan

☆ Elon Musk faces doubts about whether he can still deliver. Starship stuck the landing.
▼ + stars: | 2024-10-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

SpaceX made history as it returned its Super Heavy booster to its launch site in Texas. For Elon Musk, it was a chance to prove the doubters wrong — and he did. SpaceX Starship. Related storiesAnd Musk earned online applause from legions of Starship fans, including Google CEO Sundar Pichai. Wall Street analysts attributed the decline partly to skepticism over Tesla's ability to deliver fully autonomous driving.

Persons: Elon Musk, —, SpaceX's, Musk, SERGIO FLORES, Dan Huot, Sundar Pichai, Tesla, Gretchen Newsom, Lex Fridman, Artemis, Peter Thiel Organizations: SpaceX, Super, Service, AFP, Getty, National Press Club, Google, Twitter, eventual, Wall Street, Warner Bros Studios, California Coastal Commission, Federal Emergency Management, Elon Locations: Texas, California

☆ Millennial male voters are a prime prize for Harris and Trump. Her campaign's got a plan — get Tim Walz on Twitch.
▼ + stars: | 2024-10-10 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

On Wednesday, Harris' running mate Tim Walz appeared on a "World of Warcraft" Twitch stream. On Wednesday evening, Walz was featured on a "World of Warcraft" Twitch stream. To be sure, this isn't the first time the Harris campaign has attempted to reach out to this demographic. Besides Twitch, Harris' campaign has run ads on the gaming site IGN and during major sporting events like NFL games. AdvertisementRepresentatives for the Harris campaign didn't immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: Harris, Trump, Tim Walz, —, Kamala Harris, Walz, Blizzard, Preheat, livestream, didn't, Alex Cooper's, Stephen Colbert, Howard Stern, Statista, Gen Zers, millennials, Donald Trump, Logan Paul, Theo Von, Adin Ross, Lex Fridman, I'm, Fridman Organizations: Service, Twitch, GOP, Wired, Amazon, IGN, Business Insider, CBS, Fridman Locations: Minnesota, Arizona

☆ The podcaster is the new politics power broker, and both the Harris and Trump campaigns know they have to kiss the ring
▼ + stars: | 2024-10-07 | by ( Kwan Wei Kevin Tan | Aditi Bharade | ) www.businessinsider.com time to read: +6 min

Trump has been busy hitting the podcast circuit, doing interviews with Logan Paul and Adin Ross. I mean, I just have to be very candid with you," Harris said of Trump. The Republican nominee has also given multiple podcast interviews in recent months, including sit-downs with Logan Paul, Theo Von, Adin Ross, Lex Fridman, and Dr. Phil. AdvertisementDuring his interview with Fridman, which aired last month, Trump said that he was drawn to podcast interviews for their reach. He added that podcasts are perceived as "more sincere and less controlled compared to traditional media outlets."

Persons: Trump, Logan Paul, Adin Ross, Harris, —, Donald Trump, Kamala Harris, Alex Cooper's, Cooper, Trump’s, “, ”, vEKPIuT0o3 — Kamala, Elon Musk, Theo Von, Lex Fridman, Phil, I'm, It's, you've, Ross, influencer Logan Paul, Putin, Saifuddin Ahmed, Ahmed, Paul, Musk Organizations: Sunday, Service, Democratic, Trump, Republican, Fridman, Fox News, SpaceX, Nanyang Technological University, Pew Research Center Locations: United States, Fridman, Ross, TikTok

☆ Harris floods the zone with Howard Stern, Stephen Colbert, podcast interviews in final election sprint
▼ + stars: | 2024-10-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

To kick off the week, Harris' interview with Alex Cooper on the popular "Call Her Daddy" podcast is expected to air Sunday. The Trump campaign declined to do a "60 Minutes" interview after initially accepting the invitation, according to the network. On Tuesday, the Harris campaign will fly the vice president to New York for appearances on ABC's "The View," CBS' "The Late Show with Stephen Colbert" and "The Howard Stern Show." Along with various appearances on Fox News, more friendly territory for the Republican nominee, Trump has interviewed on podcasts that are popular with young men like "This Past Weekend w/Theo Von" and the "Lex Fridman Podcast." Over the course of Harris' fast-tracked campaign, the vice president has sat for interviews with CNN, a panel from the National Association of Black Journalists, MSNBC and some local outlets.

Persons: Kamala Harris, Donald Trump, Harris, Alex Cooper, Tim Walz, Bill Whitaker, Trump, Stephen Colbert, Howard Stern, Joe Biden, Theo Von, Lex Fridman, Phil, Shawn Ryan, Elon Musk Organizations: Democratic, U.S, Republican, Michigan U.S, CBS, Minnesota Gov, Univision, Trump, Fox News, Navy, CNN, National Association of Black Journalists, MSNBC Locations: Redford Charter Township, Michigan, New York, Spanish

☆ OpenAI CEO Sam Altman shares his No. 1 strategy for living without regrets: You should 'put a huge premium' on it
▼ + stars: | 2024-09-17 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Sam Altman, CEO of OpenAI, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. He may not have known it at the time, but in 2005 Sam Altman took a risk that changed the trajectory of his career. It "seemed like a really fun thing to try," Altman, 39, told students during an interview at his alma mater, the St. Louis-area John Burroughs School. On the other hand, a one-way door risk is harder to undo. The risky thing is to not go try the things that might really work out.

Persons: Sam Altman, That's, Altman, OpenAI Altman, Jeff Bezos, Lex, Bezos Organizations: Economic, John Burroughs School Locations: Davos, Switzerland, Stanford, Louis

☆ Trump remains fixated with Biden weeks after he dropped out of the race
▼ + stars: | 2024-09-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewDonald Trump is no longer running against President Joe Biden. Democrats have eagerly and swiftly moved on, turning their attention toward Vice President Kamala Harris' campaign and the sudden burst of enthusiasm that the ticket swap generated within the party's base. In an interview released Tuesday, the podcaster Lex Fridman asked Trump if he would like to see Harris sit for more interviews. "I don't know why he gave up, I don't know why he quit," Trump wrote. It's a dynamic that's led some Democrats to question whether Trump is personally upset by Biden's decision to withdraw from the race.

Persons: —, Donald Trump, Joe Biden, That's, Biden, Kamala Harris, Trump, Joe, Lex Fridman, Harris, Tulsi Gabbard, Steven Cheung, Sen, JD Vance, Trump's, Vance, Kamala Organizations: Service, Democratic, Business, Republicans, Democrats, The Washington Post Locations: Michigan, Ukraine, Wisconsin, Hawaii, Ohio

☆ The best place to live as a digital nomad, according to an AI developer who visited 40 different countries
▼ + stars: | 2024-08-23 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

With over 40 startups, the self-taught developer has claimed his various business ventures now generate over $2.2 million in revenue. This story is available exclusively to Business Insider subscribers. In 2014, Levels met other digital nomads while living in Chiang Mai, Thailand. A decade and millions of users later, Levels said the best cities he's been to are still Bangkok and Chiang Mai. While Levels said Bangkok is getting more expensive, he still recommends Chiang Mai as a more affordable option.

Persons: —, Pieter Levels, he's, Lex, Chiang Mai, I've, Lola Méndez, Alexander Mazurkevich, Chiang, it's Organizations: Service, Business, New Locations: Chiang Mai, Thailand, Bangkok, Vietnam, South America, Puerto Vallarta, New York City, Numbeo, Brazil, America

☆ Joe Rogan walks back RFK Jr. support after MAGA meltdown
▼ + stars: | 2024-08-10 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Read previewJoe Rogan wants you to know that calling Robert Kennedy Jr. "the only" presidential candidate who "makes sense" wasn't an endorsement. On Rogan's post, Trump allies continued to insult Rogan's intelligence and trustworthiness. Mike Madrid, a Republican political consultant, told The New York Times that Rogan's support of Kennedy Jr "takes straight from the Trump base." However, a potential deal between the two — in which Kennedy Jr. would receive a cabinet position in exchange for his endorsement — fell through. Representatives for Kennedy, Trump, and Rogan did not immediately respond to requests for comment from Business Insider.

Persons: —, Joe Rogan, Robert Kennedy Jr, Rogan, Kennedy, Donald Trump, Kamala Harris, Bob Gymlan, Robert F Kennedy, MAGA stans, Kennedy Jr, Trump, I'm, Trump's, Lex Fridman's, Ron DeSantis, hasn't, Mike Madrid, James Carville, Kyle Rittenhouse, Rittenhouse, he'd Organizations: Service, Business, Trump, Florida Gov, Republican, New York Times, Biden, Democratic, BBC Locations: Kenosha , Wisconsin

☆ Joe Rogan Would Like to Clarify: He Did Not Endorse Robert F. Kennedy Jr.
▼ + stars: | 2024-08-09 | by ( Ken Bensinger | ) www.nytimes.com time to read: +1 min

The world’s most popular podcaster has, sort of, but not really, thrown his support to one of the 2024 presidential race’s least popular candidates. On Thursday, Joe Rogan said he preferred Robert F. Kennedy Jr., who is running as an independent, for president. His remarks about Mr. Kennedy, uttered on a show with a far smaller reach than his own, nonetheless set off a frenzied response. Supporters of former President Donald J. Trump, worried that Mr. Rogan’s stance could carve off voters and hurt his electoral chances come November, quickly turned on the podcaster, standup comic and U.F.C. They questioned his intelligence and even mocked his height, a spectacle that was greeted with something akin to joy — or, at least, schadenfreude — among Democrats who have long written off Mr. Rogan as helpful to their cause.

Persons: Joe Rogan, Robert F, Kennedy Jr, “, ” Mr, Rogan, Lex Fridman, Kennedy, Mr, Rogan’s, Donald J, Trump

☆ Elon Musk's Neuralink implanted another brain chip. Here's how it works.
▼ + stars: | 2024-08-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Read previewElon Musk says Neuralink has successfully implanted another brain chip in a human patient. Its first patient, Noland Arbaugh, received the brain chip in January. AdvertisementMusk's brain chip company has lofty goals — here's how the chips work. For example, Musk said on the podcast that someone with a Neuralink chip could beat a professional gamer in a few years. AdvertisementRepresentatives for Neuralink did not immediately respond to a request for comment from Business Insider.

Persons: —, Elon Musk, Neuralink, Lex Fridman, Musk, Noland Arbaugh Organizations: Service, Business

☆ Billionaire Ray Dalio thinks universal basic income is no magic wand — and may even do more harm than good
▼ + stars: | 2024-07-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUniversal basic income is winning support from some as a powerful tool to combat poverty, but Ray Dalio thinks it could be harmful and pull cash away from better social programs. Dalio is the billionaire founder of Bridgewater Associates, the world's largest hedge fund, and the official mentor to its three co-chief investors. Who are you giving the $1,000 to, and what will they do with that $1,000?" In a follow-up post, Dalio emphasized that he sees the wealth-and-opportunity gap as the "greatest threat" to the US.

Persons: —, Ray Dalio, Dalio, Lex, who'd Organizations: Service, Bridgewater Associates, Business

☆ Perplexity CEO explains why you need to understand your 'dopamine system' if you want to start your own company
▼ + stars: | 2024-06-21 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "If you're not a person who gets that and you're really only getting dopamine hits from making money, then it's hard to work on hard problems," he said. Srinivas said he and his Perplexity cofounders, Denis Yarats and Johnny Ho, were already "obsessed" with search and knowledge-based products even prior to starting Perplexity, including work at Quora. Having already cultivated a passion for improving search quality made it easier for them to work on Perplexity without any "immediate dopamine hits." Advertisement"It's important to know what your dopamine system is — where do you get your dopamine?"

Persons: —, Aravind Srinivas, Lex Fridman, Srinivas, cofounders, Denis Yarats, Johnny Ho Organizations: Service, Business Locations: Quora

☆ Alfa Bank: US-sanctioned Russian banking giant expands in China
▼ + stars: | 2024-06-20 | by ( Laura He | Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

Hong Kong/London CNN —Battered by Western sanctions, Russia’s largest privately owned bank is expanding its business in the world’s second-largest economy. That would make the lender the first private Russian bank to open full-service branches in the two major Chinese cities. The bank is part of Alfa Group, one of Russia’s largest financial and investment conglomerates, which was founded by Fridman. Alfa Bank made a loss of 117.1 billion rubles ($1.44 billion) in 2022, according to its annual report for that year. A year later, it seemed to bounce back, reporting profit of 120.9 billion rubles ($1.4 billion) for 2023.

Persons: Mikhail Fridman, hasn’t, Fridman Organizations: London CNN, Alfa Bank, CNN, Alfa Group, European, Moscow, Hong Kong Equity Investment Association Locations: China, Hong Kong, London, Russian, Beijing, Shanghai, Ukraine, United States, Russia, Italy, Western

☆ Russia's biggest private lender is expanding to China after being hit by US sanctions
▼ + stars: | 2024-06-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia's largest private bank is expanding in China, Bloomberg reported. The move comes amid Russia's and China's increasingly intertwined "no limits" trade partnership. AdvertisementRussia's largest private lender, Alfa Bank PJSC, is planning to expand its business in China. China, though, has made some moves to distance itself from Russia, as it also risks being sanctioned by the West. China's state-run banks said they would restrict lending to Russian clients in late 2023, around the time the US said it would impose secondary restrictions on lenders that help Russia's trade in sanctioned goods.

Persons: —, Mikhail Fridman, Russia's Organizations: Bloomberg, Alfa Bank, Service, Treasury, West Locations: China, Beijing, Shanghai, Russian, Russia, Ukraine, Moscow, China's

☆ Jared Kushner's post-White House deal-making included badly timed bet on Amazon aggregator
▼ + stars: | 2024-06-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +16 min

Kushner started Affinity in 2021, shortly after leaving his advisory role in the White House alongside his wife, Ivanka Trump. Neumann, who was ultimately ousted from WeWork by top SoftBank execs, introduced Kushner to Unybrands early the following year. Affinity's investment in Unybrands, which hasn't previously been reported, was one of the private equity firm's earliest deals. Following a continued slide, the company laid off roughly 10% of its staff in November 2022, according to people familiar with the matter. The House Oversight Committee launched an investigation into the investment in 2022, looking into whether Kushner's financial interests influenced Trump's foreign policy.

Persons: Jared Kushner, Alex Brandon, Kushner, Weeks, Ivanka Trump, Trump, Saudi Crown Prince Mohammed bin Salman, Jamal Khashoggi, WeWork, Adam Neumann, Neumann, Unybrands, hasn't, —, Catterton, Jason Somerville, Somerville, it's, didn't, headcount, Donald Trump, Gary Cohn, Crown Prince, Mohammed bin Salman, Jonathan Ernst, Crown Prince Mohammed bin Salman, Carolyn Maloney, Ron Wyden, Kushner didn't, Ulrich Kratz, Goldman Sachs, Kratz, Kushner's, Ian Brekke, Asad Naqvi, Bret Pearlman, Roger McNamee, Max Fink, Neumann's, Brekke, Naqvi, Pearlman, Fink, Shahar Azran, Eugen Miropolski, Robyn Laguette, Mark Goldfinger, Joe Biden, Lex, Jeff Bezos, Sam Altman, Ye, I've Organizations: U.S . Capitol, Capitol, Reuters, Affinity Partners, Companies, White House, Affinity, Saudi Crown, Unybrands, WeWork, CNBC, Amazon, BlackRock, Khosla Ventures, GW Partners, Saudi Arabia's Public Investment Fund, United Arab, Saudi Arabia's, Crown, Ritz Carlton Hotel, Saudi, Republicans, Crayhill Capital Management, Barclays, Goldman, Kushner, Investments II, Blackstone, Partners, Financial Services, CNBC it's, Israeli American Council, IAC, Getty, Kanye Locations: Washington, Amazon's, South Florida, Miami, Silicon Valley, Saudi, Saudi Arabia, Unybrands, United Arab Emirates, Qatar, Riyadh, Yemen, American, Austin , Texas, Gulf, Israel

☆ Jeff Bezos has a vision to colonize space with a trillion people. We asked experts to put it to the test.
▼ + stars: | 2024-06-13 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +8 min

Jeff Bezos's space colonies would look like cylindersAn artist's concept of an O'Neill space colony, which could theoretically emulate Earth-like living conditions in space. O'Neill space colonies would be large enough to host entire cities, 10,000-foot-tall mountains, and millions of people. AdvertisementBezos isn't suggesting that people will be living in O'Neill space colonies by the end of the century. AdvertisementSaving Earth would be far easier than building Bezos' space colonies, he told BI. Even if we never make it to space colonies, the work of researchers studying extraterrestrial colonization could benefit us here on Earth.

Persons: —, Jeff Bezos, podcaster Lex Fridman, Bezos, Fridman, astrobiologists —, Jeff Bezos's, O'Neill, Gerard K, Anthony Longman, Longman, Rebeca Gonçalves, Adam Watkins, we've, Watkins, you've, We've, Martin Rees, Gonçalves, Rees Organizations: Service, Business, Elon, SpaceX, European Space Agency, NASA, University of Nottingham, United, Royal Locations: Antonio , TX, O'Neill

☆ Nvidia's CEO never schedules one-on-one meetings—unless someone specifically asks for it: ‘Then I’ll drop everything’
▼ + stars: | 2024-06-11 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Jensen Huang doesn't schedule one-on-one meetings with the people who report to him — but that doesn't mean he has no time for them. The billionaire Nvidia CEO and co-founder revealed that aspect of his managerial style during a talk at Stanford University in March. DON'T MISS: The ultimate guide to becoming a master communicator and public speakerIn Huang's case, scheduling 55 recurring one-on-one meetings could fill up a calendar quickly. A fully booked planner carries psychological ramifications, too, Yale University psychology professor Laurie Santos said at SXSW in March. To fend it off, Santos suggested going through your to-do list and figuring out which items don't actually need to be scheduled.

Persons: Jensen Huang, Huang, Steve Jobs, Jeff Bezos, Bezos, Lex, Laurie Santos, Santos Organizations: Nvidia, Stanford University, Apple, Microsoft, Yale University, SXSW, CNBC

☆ Buying a house of ‘Home Alone’ or John Lennon fame? There's a premium for that
▼ + stars: | 2024-06-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

However, that premium is hard to quantify since some uber-wealthy buyers will pay almost anything to own a piece of pop culture, according to real estate experts. "It's like owning a Picasso" or a Fabergé egg, said Tomer Fridman, a real estate agent based in Los Angeles who specializes in luxury and celebrity homes. An offer is pending on that home and was made within a week of being on the market, said Andrea Gillespie, a spokesperson for Coldwell Banker Real Estate. Infamy sells, tooInfamy can also fetch a higher price, said Arto Poladian, a Redfin luxury real estate agent in Los Angeles. Tomer Fridman luxury real estate agentSometimes, even being in the vicinity of a famous residence can help, he added.

Persons: Erin Hooley, Tomer Fridman, Fridman, Marilyn Monroe, Sylvester Stallone, Kylie Jenner, Travis Scott, Amanda Pendleton, Carlos Avila Gonzalez, Andrea Gillespie, John Lennon, Yoko Ono's, it's, —, Philip Norman, Bob Saget, John Stamos, Arto Poladian, Poladian, Charles Manson's, Leno, Rosemary LaBianca, There's, Pendleton, Brady Organizations: Chicago Tribune, Tribune, Service, Getty, San Francisco, Coldwell Banker, New York Times, Buyers Locations: Los Angeles, Chicago, loos, City , California

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