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☆ Elon Musk once described his past immigration status as a ‘gray area’
▼ + stars: | 2024-09-29 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +32 min

So we just rented the office, and slept in the office, and showered at the YMCA,” Elon Musk recalled, drawing laughs from the crowd. “When they did fund us,” Kimbal Musk recalled, “they realized that we were illegal immigrants.”“Well…” Elon Musk interjected. Video of the remarks shows Elon Musk laughing as he jumped in with a different interpretation: “I’d say it was a gray area.”He didn’t elaborate, and it’s unclear what Elon Musk meant by that characterization. Elon Musk, wearing a black Stetson hat, livestreams while visiting the US-Mexico border in Eagle Pass, Texas, on September 28, 2023. Then-President Donald Trump greets Elon Musk before a policy and strategy forum with executives at the White House in February 2017.

Persons: ” Elon Musk, “, Musk, ”, Donald Trump, Biden, It’s, —, Kimbal, ’ Elon Musk, he’s, X, He’s, Walter Isaacson’s, they’ve, Elon Musk, Jeff Skoll, Fred Prouser, ” Kimbal Musk, Elon, haven’t, Ashlee Vance’s, Greg Kouri, can’t, Maye, Charles Kuck, Kuck, Jennifer Minear, That’s, ” Kuck, Alain Jocard, Kimbal Musk, Tesla, Zip2, he’d, Kevin McCarthy, Alex Brandon, it’s, Hunter Swanson, Grace, Swanson, “ They’re, ” Swanson, ” Minear, Minear, Philip Pacheco, Ron Ozio, hadn’t, Vance, CNN there’s, Affairs Julie Greicius, Rajshree Agarwal, Ed Snider, ” Agarwal, Peter Thiel, Paul Sakuma, Agarwal, …, that’s, Elon Musk’s, who’s, hasn’t, Bayar, Zachary Mueller, ” Mueller, I’m, Don Lemon, Mueller, there’s, Stetson, Critics, John Moore, David Bier, ” Bier, Bier, Trump, he's, he'd, Brendan Smialowski, Joe Wilson, ” Wilson, Medina County Sheriff Randy Brown, Elon Musk's, We’re, Daniel Becerril, Reuters Elon Musk hasn’t Organizations: CNN, Twitter, University of Pennsylvania, Tesla Motors, SpaceX, Forbes, Stanford, Kimbal, Milken Institute Global Conference, Reuters, YMCA, Milken, YouTube, Los Angeles Times, US, Immigration Services, American Immigration Lawyers Association, Getty, Tesla, Kennedy Space Center, Center for International Education, Washington, Lee University, Elon, Center for, Learning, Penn, Minear, Materials, Engineering, ” Stanford, Communications, Affairs, American Immigration, Association, Ed Snider Center for Enterprise, University of Maryland, PayPal, eBay, Compaq, University of Washington, America’s, Democratic, Trump, CATO Institute, White, Medina County Sheriff, Fox, Fox News, Polaris Locations: Mexico, United States, Eagle Pass , Texas, Pretoria, South Africa, Canada, Canadian, Palo Alto , California, Beverly Hills , California, Angeles County, U.S, Atlanta, AFP, America, Zip2, California, Cape Canaveral , Florida, Virginia, Washington, Arizona, South Carolina, Medina County, Eagle, , Texas, Rio Grande

☆ These are the 10 best-performing stocks of all time
▼ + stars: | 2024-07-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

New research identifies the 10 best-performing US stocks since 1926. Of 29,000 US stocks traded since 1926, most had negative returns, but top performers showed consistent gains. Of course, identifying the 10 best-performing stocks for the next 100 years is nearly impossible, as the paper's author points out. "The majority (51.6%) of these stocks had negative cumulative returns," finance professor Hendrik Bessembinder of Arizona State University wrote. Bessembinder also observed that the 10 best-performing stocks delivered consistently modest annualized gains, reinforcing the slow and steady mantra championed by long-term investors.

Persons: Hendrik Bessembinder, —, Bessembinder, Paul, Wilfredo Lee, ROSLAN RAHMAN Organizations: Service, Arizona State University, Pepsico, Cadillac, AP, IBM, Boeing, Getty, Dynamics, U.S, Army, Kansas City Southern, Anadolu Agency, Canadian Locations: Doral, Fla, Kansas

☆ Willie Mays: One of baseball’s most electrifying and complete players has died at 93
▼ + stars: | 2024-06-18 | by ( Wayne Sterling | Kevin Dotson | ) edition.cnn.com time to read: +17 min

AP From left: Monte Irvin, Willie Mays, and Hank Thompson hold bats on their shoulders in Yankee Stadium in 1951. Bettmann Archive/Getty Images Mays, then a physical training instructor at Fort Eustis, Virginia, leads soldiers through a calisthenics session on February 19, 1953. Bettmann Archive/Getty Images Mays plays stick ball with kids in New York's Harlem neighborhood in 1954. Bettmann Archive/Getty Images Mays makes a leaping, one-handed catch off the Los Angeles Dodgers' Duke Snider on August 15, 1954. JR/AP Mays, then of the San Francisco Giants, plays catch with 14-month-old Herbert Henderson, at the home of Henderson's parents, in San Francisco, California on November 14, 1957.

Persons: Willie Mays, Mays, “, Michael Mays, ” Michael Mays, ”, –, Babe Ruth, Hall, Hall of Famer Willie Mays, Robert D, Manfred, ” Manfred, ” Mays, couldn’t, wouldn’t, Negro League ballplayers, Monte Irvin, Hank Thompson, William F, Donegan, Duke Snider, Charles Hoff, Jackie Robinson, Bettmann, Frank Hurley, Joe DiMiaggio, Sid Mercer, Margherite Wendell, AP Mays, Herbert Henderson, Ernest Bennett, Pepe, San Francisco, Willie McCovey, Jon Brenneis, Ed Sullivan, Mel Ott, Hank Aaron, Joan Whitney Payson, Dan Farrell, douse Mays, Paul Sakuma, Monica M, Davey, John G, Mabanglo, San Francisco Giants Barry Bonds, of Famer Willie McCovey, Bonds, Willie, Laura Bush, George W, Bush, Chip Somodevilla, Jeff Gross, Barack Obama, Louis, Pete Souza, Jon Miller, Ezra Shaw, Nicholas Kamm, Gabrielle Lurie, ’ Mays, Vic Wertz, ” San Francisco Mayor London Breed, Breed, ’, Peter Ueberroth, Leo Durocher, ” Obama, “ Willie, Gavin Newsom, ” Newsom, Emma Tucker, Elizabeth Joseph, Taylor Romine Organizations: CNN, of Famer, San Francisco Giants, Giants, Major League Baseball, New York Giants, National League, Hall of Famer, MLB, Negro League statistics, Negro American, Birmingham Black Barons, San Francisco Chronicle, Juneteenth, Negro Leagues, Black Barons, Louis Cardinals, Negro League, Gloves, Bettmann, American, Minneapolis Millers, Minnesota Historical Society, AP, Yankee, The New York Giants, Army, Major League, Los Angeles Dodgers, NY, Mays ' New York Giants, Robinson's Brooklyn Dodgers, Cleveland Indians, Baseball Writers, JR, San, Candlestick Park, CBS, Getty, Astrodome, Mays, Atlanta Braves, New York Mets, Mets, Wrigley Field, Chicago Cubs, National League East, AP Mays, Candlestick, San Fransisco Giants, Park, Willie Mays Plaza, Bell Park, White, Little League's Challenger Division, T, Air Force, London Breed, Hall, Polo, New York, Brooklyn Dodgers, New York Yankees, Franciscan, ” San Francisco Mayor London, of Fame, Baseball Hall of Fame, Baseball Locations: Birmingham , Alabama, Birmingham, American, New York, Omaha , Nebraska, Camp Kilmer , New Jersey, Fort Eustis , Virginia, Phoenix , Arizona, New, Harlem, Mays ', NY, East Elmhurst , New York, San Francisco , California, San Francisco, Candlestick, Houston , Texas, New York City, Chicago , Illinois, AFP, Washington , DC, St, Washington ,, California

☆ The iPhone needs a revamp, and its sagging performance in China is proof
▼ + stars: | 2024-03-06 | by ( Hasan Chowdhury | Lina Batarags | ) www.businessinsider.com time to read: +6 min

Read previewThe last thing Tim Cook needs this year is for the iPhone to give him a headache. Unfortunately for Apple, that task could be complicated as signs emerge that its workhorse gadget needs a revamp. In its most recent quarter, Apple generated almost $70 billion of its $119.6 billion total revenue from iPhone sales. China, Apple's most important international market, has started to sour on iPhones, bucking a trend of growth in other regions. Apple's AI efforts, led by ex-Googler and senior vice president John Giannandrea, could introduce several AI features to iPhones that offer an edge over Chinese competitors.

Persons: —, Tim Cook, Cook, Steve Jobs, Paul Sakuma, Will Wong, Wong, Wang Gang, Gene Munster, Munster, Dan Ives, John Giannandrea, Siri, Jobs Organizations: Service, Apple, Vision, Business, Macworld, Counterpoint Research, Vivo, Huawei, Wall Street Journal, IDC's, Devices, Research, Asset Management Locations: Cupertino, China, Greater China, Beijing, Singapore, IDC's Asia

☆ Bitcoin is back (sort of)
▼ + stars: | 2023-11-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

The big storyCrypto comebackSOPA Images / GettyThe ink is barely dry on Sam Bankman-Fried's conviction, and bitcoin is already rising like a fresh divorcee. It marked the highest price for the cryptocurrency since early May 2022, adding to what has quietly been a strong year for bitcoin, writes Insider's Phil Rosen. After a dreadful 2022 culminating in the downfall of FTX and the aforementioned SBF, bitcoin has been on the up. While there was plenty of fallout from FTX's bankruptcy, the price of bitcoin has steadily climbed this year. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, NYU Langone, Sam Bankman, Bitcoin, bitcoin, Phil Rosen, FTX, hasn't, It's, Roubini, Doom, Noah Sheildlower, Gary Gensler, it's, Ken Griffin, Goldman Sachs, Paul Sakuma Andreessen Horowitz, Maryna, Peter Thiel, Trump, couldn't, Thiel, he's, Diplo —, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NYU, BlackRock, Atlas, SEC, JPMorgan, Hudson Global, Today Locations: Delaware, India, Japan, Soho, New York City, San Diego, London, New York

Underwood Archives/Getty Images Feinstein gets her makeup touched up for a photo shoot in San Francisco in 1955. Bettmann Archive/Getty Images Feinstein attends a campaign event for her mayoral run in San Francisco in 1971. Clem Albers/San Francisco Chronicle/Getty Images Feinstein attends a memorial service for assassinated Supervisor Harvey Milk in San Francisco in 1978. Roger Ressmeyer/CORBIS/VCG/Getty Images Feinstein speaks at the signing of an anti-gun bill at San Francisco City Hall in 1982. Douglas Graham/CQ Roll Call/Getty Images Feinstein greets first lady Hillary Clinton at the 2000 Democratic National Convention in Los Angeles.

Persons: Washington CNN — Dianne Feinstein, Feinstein, Gavin Newsom, Newsom, NBC’s “, ”, Feinstein’s, Ramsay Hunt, I’m, “, ” Feinstein, Lindsey Graham, Amy Coney Barrett, Leah Millis, Nancy Pelosi, Democratic Sen, Dick Durbin, Kevin McCarthy, Chuck Schumer, “ Dianne Feinstein, ” Schumer, Sen, Dianne Feinstein, Joe Biden, Celeste Sloman, Dianne Emiel Goldman, George Moscone, Harvey Milk, Duke Downey, Clem Albers, Janet Fries, Quentin Kopp, Sal Veder, Richard Blum, Walter Mondale, Georges, Roger Ressmeyer, Steve Ringman, Tony Bennett, Jeff Reinking, Neal Ulevich, Bishop Desmond Tutu, Eric Risberg, Willie Brown, Cecil Williams, Dr, Martin Luther King Jr, Paul Sakuma, Kim Komenich, Mark Reinstein, Barbara Boxer, Alan Greth, Ruth Bader Ginsburg, Carol Moseley, Braun, Doug Mills, Charles Tasnadi, Kathleen Brown, Bill Clinton, Dirck Halstead, Lisa Leslie, Gigi Goshko, Douglas Graham, Hillary Clinton, Clinton, Paul J, Richards, Orrin Hatch, Patrick J, Leahy, William H, Pryor Jr, Scott J, Ferrell, Arnold Schwarzenegger, Schwarzenegger, Tim Sloan, Rick Friedman, Condoleezza Rice, George W, Bush, Colin Powell, Chuck Kennedy, John Roberts, Mark Wilson, Eileen Mariano, Mariano, interning, Tom Williams, Carson, Jay L, Barack Obama, Ralf, Finn Hestoft, Hina Rabbani Khar, Brendan Smialowski, Jacquelyn Martin, AP Sen, Chuck Grassley, Christine Blasey Ford, Brett M, Kavanaugh, Ford, Donald Trump, Chip Somodevilla, Barrett, Bonnie Cash, Graham, Samuel Corum, Jonathan Ernst, Simone Biles, Larry Nassar, Aly Raisman, Maggie Nichols, McKayla Maroney, Bob Dole, Oliver Contreras, Kent Nishimura, Kevin Dietsch, Dianne Feinstein's, Moscone, Milk, CNN’s Dana Bash, Dan White, ‘ Dan, ’, Harvey, California’s, Bash, Richard Blumenthal, Bill Clark, Annette Bening, Donald Trump’s, South Carolina Republican Lindsey Graham’s Organizations: Washington CNN, Senate, California Democratic, Democratic, Press, Democrats, Democratic Party, Capitol, Senate Intelligence, California Democrat, Capitol Hill, CNN, Golden State ”, Illinois, Republican, New York Times, Underwood Archives, Getty, San Francisco City Hall, San Francisco, of Supervisors, Bettmann, San Francisco Chronicle, San Francisco Ice Company, White, Steiner, Forbidden, Democratic National Convention, United States Senate, United, United States women's, team, Convention, Washington Post, Circuit, Images California, McClatchy, Tribune, Service, Supreme, California, Rancho, Pakistan's, AP, Committee, White House, Los Angeles Times, Stanford University, San, Supervisors, Administration Committee, federal, Inc, South Carolina Republican, Judiciary, Intelligence, Appropriations Locations: Washington, California, San Francisco, America, ” San Francisco, Washington , DC, DC, Forbidden City, Beijing, China, Feinstein , California, Los Angeles, United States, New York, AFP, Boston, Rancho Bernardo, San Diego, San Francisco , California, Maryland, San Francisco County, Richard Blumenthal of Connecticut

☆ Elon Musk arm-wrestled his business partner to settle PayPal software dispute: book
▼ + stars: | 2023-09-14 | by ( Polly Thompson | Grace Dean | ) www.businessinsider.com time to read: +4 min

Max Levchin told Elon Musk's biographer about the difficulties of working with the maverick billionaire. In the early days of PayPal, Musk suggested an arm-wrestle to resolve an argument over software. AdvertisementAdvertisement"Eventually you will see it my way," an unwavering Musk told Levchin, according to the biography. But rather than a discussion about the pros and cons, Musk told Levchin late one evening: "You know what – I will arm-wrestle you for it." Levchin told Isaacson he though this was "the stupidest imaginable way to settle a software-coding disagreement."

Persons: Max Levchin, Elon Musk's, Musk, Levchin, Elon Musk, Musk's, Peter Thiel, Walter Isaacson's, Isaacson, Paul Sakuma, Vaughn Ridley, Sportsfile, Elon, X.com, Thiel, — Elon Organizations: PayPal, Service, Confinity, Microsoft, Twitter Locations: Wall, Silicon, Levchin, Toronto

☆ Google is cutting hundreds of jobs in its recruiting organization
▼ + stars: | 2023-09-13 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

(AP Photo/Paul Sakuma)Google is cutting hundreds of jobs in its global recruiting organization as part of a broader pullback in hiring over the next several quarters, CNBC has confirmed. "We unfortunately need to make a significant reduction to the size of the recruiting organization," Brian Ong, Google's recruiting vice president, told employees in a Wednesday video meeting, a recording of which was obtained by CNBC. In January, Alphabet -owned Google announced it was cutting 12,000 jobs, affecting roughly 6% of the full-time workforce. The layoffs occurred across the company, including in Google's recruiting organization. Employees had previously criticized the company for abruptly cutting off access to those who lost their jobs in January.

Persons: Paul Sakuma, Brian Ong, Ong, we've, Courtenay Mencini, Mencini, Semafor Organizations: Google, Google Inc, CNBC, Employees Locations: Mountain View, Calif

☆ Elon Musk once caught malaria on safari and was 'hours from death,' book says
▼ + stars: | 2023-09-13 | by ( Polly Thompson | Grace Dean | ) www.businessinsider.com time to read: +5 min

Walter Isaacson's biography of Elon Musk shines new light on the world's richest person. Musk once took a safari during a vacation to his native South Africa but contracted malaria. Walter Isaacson, whose biography of Elon Musk was published this week, was given access to the Tesla and SpaceX CEO over the past two years. AdvertisementAdvertisementPeter Thiel and Elon Musk with X.com credit in October 2000. Recalling the ordeal earlier this year, Elon Musk and his mother, Maye, tweeted that "modern medicine" had saved his life.

Persons: Walter Isaacson's, Elon Musk, Musk, he'd, Elon, Walter Isaacson, Peter Thiel, Isaacson, Justine Musk, Paul Sakuma, Max Levchin, Maye, I'd, Musk's, Thiel, X.com, Levchin, Grimes Organizations: Service, SpaceX, PayPal, Canada, Sequoia Hospital, Centers for Disease Control, Paypal Locations: South Africa, Wall, Silicon, Brazil, Pretoria, Palo Alto , California, Redwood City, X.com, Crimea

☆ The strange, improbable rise of Mark Zuckerberg 3.0
▼ + stars: | 2023-07-30 | by ( Kali Hays | ) www.businessinsider.com time to read: +27 min

In early July, Mark Zuckerberg unveiled the latest and perhaps most consequential product in Meta's history: a new model of Mark Zuckerberg. Silicon Valley Zuck was a husband and father with a legacy to build and protect at all costs. Silicon Valley Zuck was suddenly faced with something he'd never dealt with before, shrinking revenue. Still clinging to his persona as Silicon Valley Zuck, Zuckerberg engaged in an all-out media blitz to hawk his vision for the metaverse. They were the sort of people Harvard Zuck would have scoffed at and Silicon Valley Zuck would have gently ignored.

Persons: Mark Zuckerberg, Elon Musk, Joe Rogan, Zuckerberg, Clark Kent, TikTok, Sheryl Sandberg, Mike Schroepfer, Wall, McKinsey Zuck, Rogan, Meta, Harvard Zuck, —, Priscilla Chan, Ray's, pullover, Harvard Zuck —, Dianna, Mick, McDougall, Paul Sakuma, Zuckerberg's, Apple, Facebook, he'd, That's, Frances Haugen, Chris Cox, Zuck, Zach Gibson, Meta's, Sandberg, Marne Levine, who'd, Javier Olivan, he's, bode, Bain, Maher Saba, Lori Goler, He's, He'd, Katie Harbath, it's, Andrew Bosworth, Bosworth, Mark Zuckerberg McKinsey Zuck, Mark Shmulik, Bernstein, Augustus, Julius Caesar, Kali Hays Organizations: Meta, Menlo, Harvard, Apple, McKinsey, Business, Facebook, Cambridge, Capitol, Labs, Menlo Park, Q, Bain & Company, Reality Labs, Wall, Mark Zuckerberg McKinsey, Phillips Exeter Academy, Tech, Twitter Locations: California, Hawaii, United States, Davos, Silicon, contrition, Meta, verbiage, Harvard, Rome

☆ Twitter is rebranding to X. Here are 5 more tech companies that controversially changed their names or faced backlash.
▼ + stars: | 2023-07-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +8 min

Here are five more tech companies which changed their names — some controversially, and others leading to success. From The Facebook to Facebook, then MetaMark Zuckerberg at Harvard University, three months after The Facebook was created. But the business plan was first written for a company called Cadabra, as in a magician's "Abracadabra." Before Twitter became X, X.com became PayPalPeter Thiel, left, and Elon Musk, right, hold VISA credit cards branded with the X.com company logo on October 20, 2000. Paul Sakuma/APElon Musk cofounded the online payment company X.com in 1999 before it merged with Peter Thiel's Confinity a year later.

Persons: Elon Musk, Musk, Mark Zuckerberg, Rick Friedman, Sean Parker, Justin Timberlake, Zuckerberg, that's, Frances Haugen, Sergey Brin, Larry Page, Martin Magunia, Brin, Sundar Pichai, Mike Krieger, Kevin Systrom, Stephen Chernin Instagram, Andreessen Horowitz, Krieger, Systrom, Instagram, Jeff Bezos, Evan Agostini, —, Bezos, Mackenzie Scott, X.com, PayPal Peter Thiel, Paul Sakuma, AP Elon Musk, Peter Thiel's Confinity, Jimmy Soni's, Thiel, Walter Isaacson Organizations: Twitter, PayPal, Morning, Facebook, Harvard University, Meta, VR, Reality Labs, Google, Getty, Stanford, Microsoft, REUTERS, Baseline Ventures, Stanford University, Inc, Amazon, AP Elon, eBay Locations: Burbn

☆ I was obsessed with my Tesla but Elon Musk convinced me I'd rather drive an electric Mercedes-Benz
▼ + stars: | 2023-01-28 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Christine Orita was a loyal Tesla fan for years but recently ditched her Model S for an electric Mercedes-Benz. A 2013 Tesla Model S. AP Photo/Paul Sakuma, FileI took delivery of my car in early 2013. The Mercedes EQS is a superior productI looked at Audi and BMW's electric cars, and their range was just not where I needed it to be. The Mercedes-Benz EQS 450+. I feel so much better to be rid of the Model S.

☆ Many stimulus programs are due to expire at the end of 2020, threatening the US economy during the COVID-19 pandemic's most challenging phase
▼ + stars: | 2020-11-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

On November 19, Mnuchin expressed his desire to have $580 billion in unspent stimulus funds redirected to small businesses and to extend unemployment benefits. This economic relief program extended traditional unemployment benefits from the standard 26 weeks to 39 weeks. Self-employed and gig economy workers can collect state unemployment benefits through December 31, but that will also expire under the CARES Act. At the end of July, the Federal Pandemic Unemployment Compensation, or FPUC, expired, which provided a federally funded $600 weekly supplemental boost to state unemployment payments. AdvertisementThe coronavirus pandemic has deeply impacted funding for first-responders, teachers, firemen, and police officers, the very people who have been on the front lines.

Persons: —, Nancy Pelosi, Mitch McConnell, gridlock, Steven Mnuchin, Pelosi, McConnell, Mnuchin, Donald Trump, Joe Biden, Paul Sakuma, Stout, Biden Organizations: Service, Relief, Economic, Business, Representatives, Democratic, Johns Hopkins University, Century Foundation, Survey, The New York Times, New Locations: Federal, coronavirus, State, New York City

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