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☆ Yum China CEO: Innovating to offer customers 'emotional value'
▼ + stars: | 2024-11-21 | 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 EmailYum China CEO: Innovating to offer customers 'emotional value'Joey Wat, CEO of Yum China, explains how the company is pursuing product innovation to offer customers "emotional value" as the Chinese consumers tighten their purse strings amid the economic downturn.

Persons: Innovating, Joey Wat Organizations: Yum Locations: Yum China

☆ Corporate insiders are selling shares at a record pace in the fourth quarter
▼ + stars: | 2024-11-20 | by ( Nick Wells | ) www.cnbc.com time to read: +4 min

Corporate insiders are taking advantage of the stock market's postelection boom to all-time highs, unloading shares at record levels. The data includes trades made under preplanned 10b5-1 trading plans. Plus, many 10b5-1 trading plans are price-triggered meaning that executives select levels at which to sell shares. Executives at private education firm Grand Canyon Education have sold an aggregate $2.3 million worth of shares in the fourth quarter, per Verity. Nucor CEO Leon Topalian sold $1.9 million in shares the day following the election at an average price of $169.11.

Persons: preplanned, Ben Silverman, Silverman, Verity, Brian Mueller, Reid Hoffman's, Donald Trump's, Tump, Alexander Karp, Daniel D'Aniello, Carlyle, Tesla, Kathleen Wilson, Thompson, Robyn Denholm, Phillip Juhan, Eric Swider, Leon Topalian, Holden Lewis, Daniel Florness, —, Jesse Pound Organizations: Education, Canyon Education, Partners, Aurora, Big, Carlyle Group, Trump Media, Securities, Exchange

☆ Meta is leading the race to monetize generative AI, says Morgan Stanley analyst
▼ + stars: | 2024-11-20 | 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 EmailMeta is leading the race to monetize generative AI, says Morgan Stanley analystBrian Nowak, head of U.S. internet research at Morgan Stanley, says Meta is winning the race to monetize generative artificial intelligence and machine learning, though more innovation and use cases are needed in the segment.

Persons: Morgan Stanley, Brian Nowak, Meta

☆ Chief transformation officers join the C-suite to drive innovation at speed
▼ + stars: | 2024-11-20 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +7 min

As companies across the US confront complex challenges that require overhauling strategies, reimagining business models, and adapting workforce dynamics, many are appointing chief transformation officers to drive these changes. The core figures, including the CEO, the chief operating officer, and the chief financial officer, focus on delivering quarterly results. Being a chief transformation officer, Jesuthasan said, is akin to "building the train while you're driving it down the tracks." AdvertisementBrandon Batt, the chief transformation officer at Quadient, a company focused on digital transformation, knows this all too well. Kinney recently wound down her role as chief transformation officer at Wex.

Persons: Kristy Kinney, Kinney's, Kinney, Alicia Pittman, Pittman, Ravin, Mercer, Jesuthasan, They're, Brandon Batt, Batt, Chengyi Lin, Lin, it's, Gartner Organizations: Boston Consulting Group, Boston Consulting, Organization Locations: Portland , Maine

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Netflix, Microsoft, Robinhood, Amazon, Dell, Chewy & more
▼ + stars: | 2024-11-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Loop reiterates Nvidia as buy The firm said it's standing by the stock heading into earnings on Wednesday. "We see more upside potential and are moving up our target price to $51 from $30. Pivotal reiterates Netflix as buy Pivotal raised its price target on Netflix to a Street high $1,100 from $925. Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by the stock following the company's Ignite Conference in Chicago on Tuesday. Citi downgrades Target to neutral from buy The firm downgraded the stock following earnings on Wednesday morning and says it's losing share.

Persons: NVDA, hasn't, Bernstein, Robinhood, HOOD, Tyson, Paul, Apple, Goldman Sachs, Goldman, Piper Sandler, Piper, Morgan Stanley, it's, DELL, qtr, Guggenheim, Oppenheimer, JPMorgan Chase, Cava Organizations: Nvidia, Deutsche Bank, Gaming, Leisure Properties, Deutsche, Netflix, Bank of America, Walmart, Microsoft, Adobe, JPMorgan, Dell, of America, Underperform, Trump, Barclays, Newell Brands, Citi, Target, TGT, HSBC Locations: Chicago

☆ A bearish options trade on Apple as stock struggles to keep up with broader market
▼ + stars: | 2024-11-20 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Back in late September, I laid out a bearish thesis on Apple and the trade expired last Friday and resulted in a 100% gain. Apple (AAPL) continues to face significant headwinds, with disappointing iPhone 16 sales, growing competition in augmented reality, and underwhelming progress in artificial intelligence (AI). China's slowing economy has weighed heavily on Apple, exacerbating challenges in one of its largest markets. While Apple boasts industry-leading net margins of 24%, its expected EPS growth of 11.6% and revenue growth of 6.9% provide limited justification for this valuation premium. With iPhone sales growth faltering and the lack of a clear catalyst from AI or AR/VR initiatives, AAPL's premium valuation remains increasingly difficult to sustain.

Persons: AAPL Organizations: Apple, Apple Intelligence, Meta, Microsoft, CNBC, NBC UNIVERSAL Locations: OptionsPlay

☆ Cathie Wood's Ark pitches mom-and-pop investors on exposure to Elon Musk's startups
▼ + stars: | 2024-11-19 | by ( Melia Russell | ) www.businessinsider.com time to read: +3 min

AdvertisementIn an email to subscribers, Ark Invest highlighted its exposure to Elon Musk's private companies. Its venture fund includes stakes in SpaceX, X, and xAI, totaling nearly 15% of net assets. Ark Invest hyped Musk's influence with Donald Trump, saying his companies could also benefit. SpaceX was Ark Venture Fund's largest holding, with about 13% of assets, worth an estimated $8.7 million. In a recent interview, Winton illuminated the factors that drove Ark's investments in Musk's companies.

Persons: Elon, Donald Trump, Elon Musk, Brett Winton, Elon Musk's, Ark, xAI, Trump, Musk, He's, Winton Organizations: Ark Invest, SpaceX, Ark, Elon, Invest, ARK Venture Fund, Ark Venture, Trump megadonor, Trump's, Winton Locations: Elon, United States

☆ Zhuhai airshow: Stealth fighters and a massive mothership drone: the high-tech weapons China has unveiled
▼ + stars: | 2024-11-19 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

J35-A stealth fighterMore than a decade in the making, China’s much-anticipated new stealth fighter jet, the J-35A, is widely seen as part of Beijing’s bid to match the United States’ stealth fighter capabilities. The HQ-19 surface-to-air missile system is among the most anticipated new weapons displayed at the airshow in Zhuhai, China. The Chinese military's new unmanned aerial vehicle, "Jetank," is displayed at the Zhuhai airshow on Nov. 12, 2024. It comes with folding tailfins, a design that allows for more compact stowage to fit the country’s stealth fighter jets. A Russian Sukhoi Su-57 fifth-generation fighter aircraft flies during the airshow in Zhuhai, China on November 14, 2024.

Persons: –, Xinzhi, ”, Wei Dongxu, Du Wenlong, Zhuhai . Long Wei, Zou Wei, Russian Sukhoi Su, Hector Retamal, Sergei Shoigu Organizations: Hong Kong CNN, PLA Air Force, CCTV, US, Air Defense, US Defense, PLA, PLA Academy of Military Sciences, Kyodo, Future Publishing, China Military, China Military Online, Aviation Industry Corporation of China, Air Missile, International Institute for Strategic Studies, AIM, Getty, Tass Locations: Hong Kong, China, Zhuhai, United States, Beijing, Asia, Ukraine, Taiwan, States, Zhuhai . Long, Air Missile China, Russian Sukhoi, AFP, Russia, Russian

☆ With Elon Musk in tow, Trump eyes changes to government policies on AI and its risks
▼ + stars: | 2024-11-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

The Republican document said the executive order contained “radical leftwing ideas” that hindered innovation. The most advanced AI systems could, in the worst case, “pose an extinction-level threat to the human species,” the report said. A related document said AI systems could be used to implement “high-impact cyberattacks capable of crippling critical infrastructure,” among a litany of risks. However, he worries that a repeal of Biden’s executive order would spell the end of the US government’s AI Safety Institute. It is possible that that would be the subject of a future Trump executive order,” said Strait.

Persons: London CNN — Donald Trump, Elon Musk, Joe Biden, Sandra Wachter, ”, Andrew Strait, Ada Lovelace, Strait, Kamala Harris, Musk, Steve Kramer, Dean Phillips, Biden, Phillips ’, Taylor Swift, Alexandria Ocasio, Cortez, ” Manoj Chaudhary, What’s, It’s “, Trump, ” Strait, Gavin Newsom, JD Vance, “, Musk’s Tesla Organizations: London CNN, White House, Republican Party, Republican, Oxford Internet Institute, Oxford University, CNN, Ada, Ada Lovelace Institute, US Department of Homeland Security, Democratic, US State Department, AI Safety, “ Department, Government, Trump Locations: London, United States, New Hampshire, Alexandria, Colorado, New York, ”, California

☆ Trump's picks are giving Big Tech plenty of reasons to be nervous
▼ + stars: | 2024-11-19 | by ( Grace Eliza Goodwin | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

AdvertisementDonald Trump has selected several Big Tech critics for top roles in his second administration. A number of his picks have been harsh critics of the Big Tech industry. Tom Williams/CQ Roll CallTrump's pick for attorney general, former Florida Rep. Matt Gaetz, has for years criticized Big Tech companies. Anna MoneymakerVice President-elect JD Vance cut his teeth in venture capital, and has long been a proponent for breaking up Big Tech. AdvertisementVance said that his experience in Silicon Valley taught him to be weary of Big Tech.

Persons: Donald Trump, Matt Gaetz, JD Vance, Elon Musk, Brendan Carr, Trump's, Trump, Brendan Carr Trump, Tom Williams, Carr, Elon, Musk's, Matt Gaetz Trump, Gaetz, Lina Khan, Jonathan Kanter, Elon Musk Elon, Marc Piasecki, Musk, donald, Biden, Tim Cook, X, Anna Moneymaker, Vance, we're Organizations: Big Tech, Trump, GOP, Google, Apple, Microsoft, Federal Communications Commission, Inc, Getty, Heritage, FCC, TikTok, United, Florida Rep, Federal Trade, Elon, Government, of Government, SpaceX, OpenAI, Bloomberg News Locations: Starlink, Florida, Silicon Valley, Trump

☆ An AI startup CEO on a Forbes '30 Under 30' list has been charged with defrauding investors out of $10 million
▼ + stars: | 2024-11-19 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

Federal prosecutors have charged the founder of an education technology startup spun out of Harvard who was recognized on a Forbes 30 Under 30 list in 2021 with fraud. AdvertisementAllHere, which came out of the Harvard Innovation Lab, created an AI chatbot that was supposed to help reduce student absenteeism. Smith-Griffin was featured on the Forbes 30 Under 30 list for education in 2021. AllHere's investors included funds managed by Rethink Capital Partners and Spero Ventures, according to a document filed in bankruptcy court. Representatives for Harvard, Forbes, and Inc. didn't immediately respond to a comment request on Tuesday.

Persons: Joanna Smith, Griffin, Smith, Sam Bankman, Charlie Javice, Martin Shkreli —, spotlighted, Damian Williams, AllHere, didn't, Griffin wasn't Organizations: AllHere, Forbes, Harvard Innovation, Los Angeles Unified School District, Inc, Prosecutors, New York City Department of Education, Atlanta Public Schools, Capital Partners, Spero Ventures, Harvard Locations: Harvard, New York, North Carolina

☆ Rolls-Royce is in talks to use its compact nuclear reactors to power data centers and space missions
▼ + stars: | 2024-11-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

AdvertisementRolls-Royce is in talks with potential customers for its nuclear reactors, per the Financial Times. The company said the reactors could provide energy for data centers, mining, and space missions. Rolls-Royce is in early-stage talks with potential customers for its compact nuclear reactors, which are designed to power data centers on Earth and one day to be sent into space, the Financial Times reported. Big Tech companies — including Google, Amazon, and Microsoft — have expressed interest in nuclear power to meet AI's high energy demands. In July 2024, Rolls-Royce was awarded funding from the agency's National Space Innovation Programme, or NSIP, for space nuclear power.

Persons: Royce, Jake Thompson, Microsoft —, Thompson Organizations: Financial Times, Business, Big Tech, Google, Microsoft, Royce, UK Space Agency, Innovation

☆ European tech CEOs urge 'Europe-first' mentality to counter U.S. dominance after Trump victory
▼ + stars: | 2024-11-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. The Republican politician's victory was a key topic on various prominent tech bosses' lips at the Web Summit conference in Lisbon, Portugal. "It's time for Europe to step up," Yen told CNBC on the sidelines of Web Summit. US Big Tech 'playing extremely unfairly'However, Proton's Yen urged the EU not to water down its push to rein in America's tech giants. 'AI sovereignty' now a key battlegroundAnother theme that attracted much chatter on the ground at Web Summit was the idea of "AI sovereignty."

Persons: Thomas Plantenga, Harry Murphy, Donald Trump's, Andy Yen, Yen, Trump, Proton's Yen, Mitchell Baker, Baker, it's, Plantenga, we'll, OpenAI, Christian Kroll, Shelley McKinley, GitHub, McKinley Organizations: Web, Getty Images, Portugal — Tech, Big, Republican, Proton, CNBC, European Union, Apple, Microsoft, Meta, Markets, US Big Tech, Mozilla Foundation, Google, Trump Locations: Lisbon, Portugal, Getty Images LISBON, Europe, America, EU, Lithuania

☆ Watch: Robot innovation on this tiny island could reinvent wasteful supply chains
▼ + stars: | 2024-11-18 | by ( Edward Scott-Clarke | Ed Scott-Clarke | ) edition.cnn.com time to read: 1 min

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☆ Trump's new FCC pick is a win for Elon Musk
▼ + stars: | 2024-11-18 | by ( Bryan Metzger | Jessica Orwig | ) www.businessinsider.com time to read: +4 min

Carr is an ally of Elon Musk and has previously gone to bat for his company, Starlink. President-elect Donald Trump's nomination of Brendan Carr to chair the Federal Communications Commission (FCC) isn't just a win for conservative opponents of Big Tech. Elon Musk has transformed long-dormant industries, and he’s developed a first principles “production algorithm” to deliver results. In 2022, the FCC denied SpaceX nearly $886 million in government subsidies to provide satellite internet access in rural areas via the company's Starlink service. It's still proving itself as a viable internet service provider and is relatively expensive for the quality, CNN reported in August.

Persons: Trump, Brendan Carr, Carr, Elon Musk, Donald Trump's, isn't, It's, Musk, he’s, It’s, JySzEtCsyj — Brendan Carr, it's, —, Starlink, Trump's, Michael Romano, NTCA, Carr's, he's Organizations: Federal Communications Commission, Big Tech, Department of Government, Republican, Trump, GOP, Administrative State, Twitter, FCC, SpaceX, POLITICO, CNN, Senate Locations: Administrative, Brazil, American

☆ Former Google X employees come out of stealth with TwinMind, an AI app that hears and remembers everything about you
▼ + stars: | 2024-11-18 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

AdvertisementTwinMind, founded by former Google X employees, builds an AI assistant to better understand you. A startup formed from a handful of former Googlers — specifically Google X, the skunkworks lab that explores sci-fi moonshot ideas — is coming out of stealth. Related storiesWolverine originsAt Google X, George was the first machine learning scientist on Wolverine, a hearing wearable project first reported on by Business Insider in 2021. AdvertisementWhen ChatGPT launched in late 2022, George was working at JPMorgan with TwinMind cofounder and CTO Sunny Tang, a Google X alum. AdvertisementHe said they figured it out and claims the TwinMind app can run for 12 hours in the background non-stop before running out the battery.

Persons: —, Jarvis, Marvel's Tony Stark, it's, Daniel George, Dan Roth, Rocketship, Anand Rajaraman, Michael Liou, galore, George, you've, TwinMind, ChatGPT, Sunny Tang, Siri, they're Organizations: Google, Oracle, Business, JPMorgan, Android Locations: Robinhood

☆ Uzbekistan targets growth with expansion to its capital
▼ + stars: | 2024-11-18 | by ( Amy Gunia | ) edition.cnn.com time to read: +5 min

CNN —About five million people live and work in Uzbekistan’s capital, Tashkent, making it the largest city in the country, and one of the most populous cities in Central Asia. The capital expansion, dubbed New Tashkent, could play an important role in helping the country create new jobs, draw investment and boost its economy. Growth through urbanizationIn 2017, Uzbekistan’s new president Shavkat Mirziyoyev launched an ambitious economic and social reform program. Sunset over Amir Temur Square in the center of Tashkent, Uzbekistan, September 15, 2016. Purpose-built innovation clusters are intended to catalyze the growth of target industries, while tourism areas aim to attract visitors.

Persons: ” Christine P, Chan, Shavkat Mirziyoyev, it’s, Amir Temur, ” Chan, Zaha Hadid, Hakan Agca, Agca, ” Organizations: CNN, Urban, Asian Development Bank, ADB, Getty, Economist Intelligence, Scientific Research, Amsterdam, London Locations: Tashkent, Central Asia, New Tashkent, Amir, Uzbekistan, “, ”, Tashkent Twin

☆ Former Google CEO says Steve Jobs was a 'diva' — and explains why companies need them.
▼ + stars: | 2024-11-17 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

AdvertisementFormer Google CEO Eric Schmidt said companies need "divas" in order to build brilliant products. Schmidt gives the example of Steve Jobs as a difficult yet brilliant diva. Steve Jobs was a diva — and that's exactly what you want for a successful company, former Google CEO Eric Schmidt said. One such example of a famously tough genius was Apple cofounder Steve Jobs, who Schmidt said was "clearly" a diva. "They're not trying to do the right thing; they're trying to benefit themselves at the cost of others."

Persons: Eric Schmidt, Schmidt, Steve Jobs, —, Jonathan Rosenberg, Jobs, Google execs, They're, Rosenberg Organizations: Google

☆ Starbucks Exec Quit to Launch a Rum Brand, 3 Tips for Success
▼ + stars: | 2024-11-17 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

AdvertisementMarc Farrell became Starbucks' youngest vice president at the age of 33. He left to launch his rum brand, Ten To One, which counts Howard Schultz as an investor. AdvertisementMarc Farrell left behind his role as Starbucks' youngest VP to launch his own rum brand. On the surface, a global coffee giant, and an up-and-coming rum brand don't seem to have much in common. Don't wait until the product is perfectAt Starbucks, Farrell was he was very well paid and great colleagues and mentors.

Persons: Marc Farrell, Farrell, Howard Schultz, Jack Sparrow, Marc, Kwesi Farrell, Gabrielle Wesley, Schultz, Ciara Organizations: Starbucks, Mars, Harvard Business, Michelin Locations: Trinidad and Tobago, Mars Wrigley, America, Caribbean, Seattle, Trinidad, Korean, New York City

☆ The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
▼ + stars: | 2024-11-17 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +10 min

Crypto super PACs spent heavily on Republicans as well as key Democrats, including two who won open seats in the US Senate, Elissa Slotkin in Michigan and Ruben Gallego in Arizona. How Washington regulates the industry has enormous consequences for this burgeoning sector, along with the 52 million Americans who now hold digital assets. “The strategy is to have as many conversations with as many people in the Trump orbit as possible so that everyone has an understanding of what the crypto industry is most interested in,” she said. They also helped finance Fairshake, a crypto industry super PAC launched last year that was active in congressional contests. An industry super PAC spent $40 million to back to Republican Senate candidate Bernie Moreno in Ohio, who ousted three-term Democratic Sen. Sherrod Brown.

Persons: Donald Trump, Gary Gensler, Biden, Crypto, Elissa Slotkin, Ruben Gallego, Sam Bankman, “ Crypto, ” Kristin Smith, we’ll, that’s, ” Smith, ”, Smith, Dan Gallagher, Paul Atkins, Atkins, Gallagher, Bitcoin, Trump, –, It’s, Barron, Steve Witkoff, multibillionaire Elon Musk, Cantor Fitzgerald Howard Lutnick, Carlos Barria, Reuters Howard Lutnick, Cantor Fitzgerald, Marc Andreessen, Ben Horowitz –, Sergio Gor, Andreessen, “, Tyler, Cameron Winklevoss, Musk, Katie Porter, Massachusetts Sen, Elizabeth Warren, Porter, Adam Schiff, Bernie Moreno, Democratic Sen, Sherrod Brown, Brown, Moreno, Colin McLaren, ” Robert Weissman, Andreessen Horowitz, Kara Calvert, CNN’s David Wright Organizations: CNN, Trump, Securities, Exchange Commission, Industry, Crypto, Blockchain Association, SEC, Token Alliance, Liberty, Liberty Financial, of Government, Republican, Reuters, Venture, Biden, PAC, Democratic Rep, Democratic, Banking Committee, Commodities Futures Trading Commission, Cedar Innovation Foundation, Consumer, Public Citizen Locations: Washington, Michigan, Arizona, Madison, New York City, U.S, America, Bitcoin, Massachusetts, California, Ohio

☆ Elon Musk downsized Big Tech. Can he do the same to Big Government?
▼ + stars: | 2024-11-17 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

And to run the new cost-cutting department, Trump tapped the businessman he calls the world's "greatest cutter" — Elon Musk. If you're looking to take a chainsaw to the federal government, Musk seems perfectly suited to the job. When it comes to federal spending, one person's waste is another person's bread and butter. And his massive investments in electric vehicles and social media are dependent on all sorts of federal spending and oversight. Musk has acknowledged that Americans will feel "hardship" as a result of the cuts he wants to see implemented.

Persons: Donald Trump, Trump, Elon Musk, Musk, cochair, Vivek Ramaswamy, Ronald Reagan —, There's, Michael Morris, Morris, it's, Andy Wu, Linda Bilmes, Ronald Reagan, Joel Friedman, Brian Hughes, DOGE, Reagan, Ramaswamy, It's, Sam, Uncle, Elon Organizations: Department of Government, Twitter, Tesla, SpaceX, Defense Department, IRS, Columbia Business School, Harvard Business School, Government, Harvard Kennedy School, Office, GAO, Fox News, Budget, Federal Aviation Administration, Veterans Administration, — Locations: Ecuador, Independence

☆ It's time to stop humblebragging about how busy we are
▼ + stars: | 2024-11-17 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Busy calendars can be seen as a status symbol yet can lead to burnout, an executive coach told BI. It's not uncommon for Brandon Dock to hear from execs that they're too busy to meet. "So you could either be busy every day for the next five weeks, as you claim, or you could take a half hour," Dock said. "If you have a very busy calendar, some workers use this as a status symbol," Leussink said. "I have a couple of clients that are really going through some pretty heavy burnout right now, based on their calendars," Walker said.

Persons: Brandon Dock, they're, Dock, Joep, Leussink, Kate Walker, Walker, she's, execs, Ethan Kross, who's, Kross, he'd, hadn't, what's, It's, " Kross Organizations: Workers, Control, University of Michigan Locations: AddEvent, San Francisco, we're

☆ Trump's trade restrictions could be good for American semiconductor jobs
▼ + stars: | 2024-11-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementThe tariffs Donald Trump proposed while campaigning could help create US semiconductor jobs. To be sure, the impacts of a tariff policy on chips could be mixed. He said that the federal government should have implemented tariffs instead to motivate global chipmakers to build more factories in the US, which would then create jobs. AdvertisementTo be sure, the impacts of a tariff policy on chips could be mixed. In August, the White House said that investments supported by CHIPS Act funding would help create 115,000 construction and manufacturing jobs.

Persons: Donald Trump, podcaster Joe Rogan, Trump, Jeff Koch, SemiAnalysis, Patrick Moorhead, Jeff Ferry, Ferry, Stephen Ezell, Ezell Organizations: US, Industry, Biden, Samsung, Coalition for, Prosperous, Semiconductor Industry Association —, Intel, Information Technology, Innovation Foundation, Apple Locations: Taiwan, China, South Korea, Prosperous America, Arizona, India, United States

For Brandon Mintz, it was the text messages and calls that started rolling in from friends and colleagues asking how high bitcoin prices could go. Strategic reserve could set off 'bitcoin space race'Under this idea, the U.S. would establish a “strategic bitcoin reserve,” like the ones it already maintains for gold and oil. A day later, Trump echoed the strategic reserve idea, though did not put a specific figure on it. On Nov. 6, Lummis posted on X in all-caps, “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE,” alongside two American flags. For crypto supporters, a strategic bitcoin reserve would send a signal to markets and countries alike about the digital token’s value.

Persons: Brandon Mintz, Lee Bratcher, Donald Trump’s, Bratcher, ”, Trump’s, ’, Mintz, ” Mintz, they’ve, ‘, Ric Edelman, ” Edelman, JP Richardson, Trump, Nicholas Percoco, ” Percoco, —, Robert F, Kennedy Jr, Human Services —, Sen, Cynthia Lummis, Lummis, David Bailey, Michael Terpin, “, ” Terpin, He’s Organizations: American Blockchain, Republican, Texas Blockchain, NBC News, FBI, Trump, Securities and Exchange Commission, Commodity Futures Trading Commission, Edelman Financial Services, Liberty, Strategic, Bitcoin Conference, Department of Health, Human Services, Social Security, BTC Inc, Bitcoin Locations: Texas, Dallas, Bitcoin, bitcoin, U.S, Nashville

☆ This is the anti-ESG venture capital firm that Donald Trump Jr. is joining instead of taking a White House role
▼ + stars: | 2024-11-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump Jr. will not take on a White House role, opting instead for the VC firm 1789 Capital. The venture capital firm that Donald Trump Jr. is reportedly joining eschews investments that push social and environmental issues and instead focuses on what it calls "EIG," or entrepreneurship, innovation, and growth. Like 1789 Capital, Trump Jr. has long been a proponent of the parallel economy, also called the "patriot economy," a term used by MAGA conservatives to refer to businesses that align with their traditional values. And Trump Jr.'s connection to Malik, the president of 1789 Capital, includes the pair's mutual support of a parallel economy platform called PublicSquare. Representatives for Trump Jr. through the Trump Organization and the Trump transition team didn't respond to a request for comment from BI.

Persons: Donald Trump Jr, Omeed Malik, Tucker, EIG, —, Tucker Carlson's, Donald Trump's, Omeed Malik —, Christopher Buskirk, Malik, Buskirk, deglobalization, MAGA, Trump, Malik didn't, Tucker Carlson, Jordan Cohen Organizations: The New York Times, Bloomberg, Trump Jr, Bank of America, Farvahar Partners, Trump, Republican National Committee, New York Stock, Time Magazine, Tucker Carlson Network, Fox News, Trump Organization Locations: The Florida, Beach , Florida

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