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☆ Novogratz warns that there will be a bitcoin correction, says crypto is 'levered to the gills'
▼ + stars: | 2024-11-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Bitcoin was trading at about $97,000 on Thursday morning, after setting a fresh record high of $98,367.00, according to Coin Metrics. The crypto community is levered to the gills, and so there will be a correction," Novogratz said. He did caution that the correction could be greater in stocks, like MicroStrategy , that are trading like leveraged versions of bitcoin. "I personally would tell my investors to buy straight bitcoin" instead of plays like Microstrategy, Novogratz said. The rally has continued despite a mystery seller that has been dumping crypto in recent days, Novogratz said.

Persons: Bitcoin, Michael Novogratz, Novogratz, bitcoin, Donald Trump, MicroStrategy, Trump Organizations: Galaxy Digital, Metrics, Acurx Pharmaceuticals

☆ Rudy Giuliani lawyers seek to quit defamation claim case over 'fundamental disagreement'
▼ + stars: | 2024-11-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Rudy Giuliani (C) arrives at the New York court following a judge's order compelling his appearance in the defamation case filed by Georgia election workers in New York, United States on November 07, 2024. Lawyers representing Rudy Giuliani in a lawsuit related to a massive defamation judgment against him are seeking to quit the case in New York federal court, citing significant disagreements with the former Trump campaign attorney over how to handle the matter. Giuliani's spokesman, Ted Goodman, in a statement to CNBC, said, "Mayor Giuliani has not been informed by Mr. Caruso of this action." Giuliani represented Trump on the heels of the 2020 election, when the then-president was seeking to reverse his loss to President Joe Biden. Giuliani during that time falsely claimed that Ruby Freeman and Wandrea Moss committed ballot fraud at a Georgia vote-counting site.

Persons: Rudy Giuliani, Kenneth Caruso, David Labkowski, Donald Trump, Caruso, Judge Lewis Liman, Liman, Giuliani, Ted Goodman, Mayor Giuliani, Goodman, Joe Biden, Ruby Freeman, Wandrea Moss Organizations: New, Lawyers, Trump, New York City, CNBC, Washington , D.C, Benz Locations: New York, Georgia, United States, U.S, Manhattan, Washington ,

☆ Third Point slashes key megacap tech holdings, but snatches up shares of this Magnificent 7 name
▼ + stars: | 2024-11-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Third Point slashed and dissolved its stakes in some key megacap technology holdings, while opening a fresh position in Tesla during the third quarter. Regulatory filings released Thursday revealed that the Dan Loeb-run hedge fund opened a stake worth roughly $105 million in the electric vehicle behemoth during the period. Tesla shares rallied more than 32% during the period, and they have surged more than 24% in November as investors bet that the company will benefit from CEO Elon Musk's close relationship with President-elect Donald Trump . MSFT YTD mountain Apple shares this year Beyond these key Magnificent Seven players, Loeb liquidated positions in both Verizon Communications and ridesharing giant Uber Technologies . Along with Tesla, Loeb revealed a new position in Brookfield Corp worth about $251 million and fresh stakes in Flutter Entertainment and CVS Health .

Persons: Dan Loeb, Elon Musk's, Donald Trump, Tesla, Loeb Organizations: Tesla, Microsoft, Meta, Apple, Verizon Communications, Uber Technologies, Brookfield Corp, CVS Health, Intercontinental Exchange Locations: China

☆ OpenAI reportedly facing issues with its new AI model is a red flag for the entire industry
▼ + stars: | 2024-11-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt also undermines a core assumption about the future of generative AI: If you add more data and computing power, you get smarter and more powerful AI models. Top AI players have eye-popping valuations based on the promise that AI models will keep getting smarter and better with time. Getty Images; Chelsea Jia Feng/BISo what's holding AI models back from making another big jump? Anthony Scaramucci tells BI Trump's economic plans could cause a 1920s-style stock-market crash .

Persons: —, OpenAI's, Fabrice Beaulieu, Justin Sullivan, That's, Insider's Hasan Chowdhury, Beatrice Nolan, Orion, OpenAI, Chelsea Jia Feng, Anthony Scaramucci, Trump, Viktor Kovalchuk, Michael M, Robert Perry, Rebecca Zisser, what's, Donald Trump —, Morgan Stanley, Carta, Jed Finn, Goldman Sachs, Jeremy Siegel, Trump's, Jeff Bottari, Donald Trump, Joe Rogan, elect's, Elon Musk, Tesla's, Musk, Timo Lenzen, Juan Merchan, Donald Trump's, Jack Teixeira, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Orion, Getty, Companies, New York Times, Wall, Getty Images, Elon, BI, Trump Locations: GPT, undergrad, Mexico, New York, Ukraine, Massachusetts, Chicago, London

Kamala Harris told supporters "we must accept the results of this election " after she conceded defeat Wednesday to President-elect Donald Trump . "Earlier today, I spoke with President-elect Trump and congratulated him on his victory," Harris said at the vice president's alma mater Howard University, in Washington, D.C. It was the first time that Harris had spoken on camera to the public since Trump declared victory early Wednesday morning. "We will continue to wage this fight in the voting booth, in the courts and in the public square," she said.

Persons: Kamala Harris, Donald Trump, Trump, Harris, alma Organizations: alma mater Howard University, Washington , D.C, Trump Locations: Washington ,

☆ The one big fear that could upend the bull market
▼ + stars: | 2024-10-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

A chain reaction sparked by continued inflation could put the bull market to rest, according to Trivariate Research. As the bull market enters its third year, investors are wondering how much more room there is to run before a pullback is due. Now, Fed funds futures are pricing in a more than 95% likelihood of another drop to the borrowing costs at the central bank's November gathering, according to CME's FedWatch tool. In 2021 and 2022, Parker said there was a "strong and statistically significant relationship" between Fed funds futures and the price-to-earnings multiple on growth stocks. Though that connection now looks different, the Morgan Stanley alum said he would be "surprised if multiples did not compress meaningfully" if the expectation for the Fed funds rate rises from 3.5% to 5% or above.

Persons: Adam Parker, Paul Tudor Jones, Stanley Druckenmiller, Parker, Morgan Stanley, Kamala Harris, Donald Trump, Tudor Jones, Dow Jones Organizations: Research, Federal Reserve, CNBC, Dow

☆ Here are Cases of Trump Rivals Who Were Subject to Investigation
▼ + stars: | 2024-09-21 | by ( Michael S. Schmidt | Matthew Cullen | ) www.nytimes.com time to read: +20 min

After Mr. Trump fired Mr. Comey, Mr. McCabe opened a two-pronged investigation into whether Mr. Trump was a counterintelligence threat and was obstructing justice. Mr. Trump said he wanted to “get the I.R.S.” on Mr. McCabe and for him to be fired. Working with Mr. McCabe, Mr. Strzok opened the two-pronged investigation into whether Mr. Trump was a counterintelligence threat and was obstructing justice. What Trump wanted doneMr. Trump called Mr. Strzok a traitor and said he should be criminally investigated for his handling of the Russia investigation. What news organizations did that Trump did not likeJournalists from all three organizations covered the Trump presidency and the Russia investigation aggressively and used material that Mr. Trump felt had been leaked to hurt him.

Persons: Donald J, Trump, Marco Rubio, James B, Hillary Clinton, Robert S, Mueller III, James Comey, Comey, Clinton, Mr, “, Andrew G, McCabe, F.B.I, Comey’s, ”, Prosecutors, McCabe’s, Jeff Sessions, —, Peter Strzok, Strzok, Michael T, Flynn, Flynn’s, John F, Kerry Obama's, Kerry, Barack Obama, William P, Barr, Hilary Clinton, Sessions, Trump’s, John Durham, Michael D, Cohen Trump's, fixer, Cohen, Michael Cohen, Witch Hunt, John R, Bolton, Biden, John Bolton, Hillary, pardoning, subpoenaing Mr, White, Omarosa Manigault Newman, Manigault Newman, lowlife, ” Donald J, Stephanie Winston Wolkoff, Melania Trump, Wolkoff Organizations: Trump Rivals, America, Republican, CNN, Justice Department, Department, Trump, Mr, White, Federal, Biden Justice Department, Publicly, Prosecutors, Justice, U.S, Trump Justice Department, Clinton Foundation, FBI, DNC, of Prisons, News, Washington Post, The New York Times, Fake News, Bolton, White House, House Locations: Florida, Russia, Washington, Virginia, Clinton, Iran, Manhattan, New York, Maryland

☆ How Biden's unpopular economic record could be a challenge for Kamala Harris
▼ + stars: | 2024-07-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

As the frontrunner for the Democratic party's nomination, Kamala Harris will have to run, for better or worse, on President Joe Biden's economic record. It will be just one challenge Harris will have to overcome to defeat her Republican opponent, former President Donald Trump . Despite historically low unemployment and macro growth that has defied long-held expectations for recession, the economy is Biden's soft spot. "I don't see a lot of daylight between her views on economic policy and those of the administration," said Mark Zandi, chief economist at Moody's Analytics , a Democrat who has advised administrations of both parties. Possible change at the Fed One area of difference between Biden and Harris could be a crucial one — the Federal Reserve.

Persons: Kamala Harris, Joe Biden's, Biden, Harris, Donald Trump, She's, Greg Valliere, she's, There's, Mark Zandi, Zandi, nonfarm, Joseph LaVorgna, Biden's, Trump, Jerome Powell, Powell, reappoint Powell Organizations: Democratic, Biden, Republican, AGF Investments, Reuters, Moody's, Democrat, Economic Council, Nikko Securities, Federal Reserve, Senate, Beacon, Advisors Locations: California

☆ Biden's first post-debate interview could ultimately decide his fate
▼ + stars: | 2024-07-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at the mounting pressure President Joe Biden is facing to forgo his reelection campaign . The Clash's 1982 hit could be President Joe Biden's anthem these days as rumors swirl about his reelection bid. Under campaign finance law, the VP is the only candidate who can easily inherit the hundreds of millions of dollars raised by Biden's campaign . Patrick Semansky/AP Photo; BIBiden's first post-debate interview could ultimately decide his fate. In other newsAdvertisementWhat's happening todayA first look at Biden's interview with George Stephanopoulos airs on ABC.

Persons: —, he's, Barack Obama, Joe Biden, Win McNamee, Chelsea Jia Feng, Joe Biden's, Biden, Insider's Bryan Metzger, Biden's, Donald Trump, Lloyd Doggett, Raúl Grijalva, Kamala Harris — hasn't, Harris, Patrick Semansky, George Stephanopoulos, Karine Jean, Pierre, CFRA, Berkshire Hathaway, Neil Shearing, Jensen Huang, Justin Sullivan, Rebecca Zisser, Caitlin Clark, Alex Morgan, Hailey Welch, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Labour Party, Business, Democratic, ABC News, New York Times, Trump, Berkshire, Economics, Saks, Saks Global, ABC Locations: New Mexico, Virginia, Biden's, New York, London

☆ 'Put it to rest': DOJ shoots down House Republican conspiracy that it controlled Trump NY case
▼ + stars: | 2024-06-11 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

But Uriarte said there is no evidence showing any coordination between the federal government and Manhattan District Attorney Alvin Bragg, who brought the hush money case against Trump. The DOJ conducted a "comprehensive" search for communications between its leaders and the Manhattan District Attorney's office about any investigation or prosecution of Trump from Jan. 20, 2021, through his May 30 conviction in New York, Uriarte said. "The District Attorney's office is a separate entity from the Department. The Department does not supervise the work of the District Attorney's office, does not approve its charging decisions, and does not try its cases," he said. "The Department has no control over the District Attorney, just as the District Attorney has no control over the Department."

Persons: General Merrick Garland, General Carlos Uriarte, Jim Jordan, Donald Trump, Joe Biden, Uriarte, Attorney Alvin Bragg, Trump Organizations: Department of Justice, Department, CNBC, The, of Justice, Republicans, DOJ, Manhattan, Attorney, Trump, Manhattan District, Jan, District Attorney Locations: Washington ,, New York, Ohio, York

☆ Trump is a convicted felon. Here's what it means for the former president.
▼ + stars: | 2024-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the historic guilty verdict against former President Donald Trump . In a historic verdict, former President Donald Trump was convicted of all 34 criminal counts related to a hush-money payment made to a porn star , write Business Insider's Laura Italiano, Jacob Shamsian, and Natalie Musumeci. AdvertisementIt's the first time a US president has become a convicted felon. This was a rigged trial by a conflicted judge that was corrupt," Trump told reporters in the Manhattan courtroom hallway. Trump told reporters Thursday the "real verdict is going to be November 5 by the people."

Persons: —, Donald Trump, Tyler Le, Laura Italiano, Jacob Shamsian, Natalie Musumeci, Trump, Stormy Daniels, BI's Lloyd Lee, There's, didn't, Chip Somodevilla, Scott Eisen, Joe Biden, Alyssa Powell, Rob Arnott, Bob Elliott, Paul Singer's, Jane Street, Jenny Chang, Rodriguez, Liz Reid, Satya Nadella, Sam Altman, Nadella, Kevin Dietsch, Charles Schwab, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Republican, Trump, NBC, Getty, Wall, Elliott Management, BI, Tech, Sigma, Google, Microsoft, Apple, Big Locations: Giza, Manhattan, Bridgewater, New York, London

☆ It's sentencing day for Sam Bankman-Fried
▼ + stars: | 2024-03-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, disgraced crypto executive Sam Bankman-Fried finds out how long he's going to prison . Sam Bankman-Fried, the ex-CEO of FTX and former face of crypto, will be sentenced in a Manhattan courtroom today. An FTX debtor lawyer told the bankruptcy court that FTX customers and creditors "will eventually be paid in full." AdvertisementGetty Images; Alyssa Powell/BIBut according to some, FTX customers getting their money back is despite SBF, not because of him. Almost a third of young people reported using ChatGPT "for tasks at work."

Persons: —, Sam Bankman, Fried, Chelsea Jia Feng, Lewis Kaplan, E, Jean Carroll, Donald Trump, Insider's Jacob Shamsian, FTX, Alyssa Powell, John J, Ray III, SBF, What's, Bernstein, Toni Sacconaghi, they've, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Prosecutors, Big Tech, Companies, Pew, ChatGPT, Microsoft, League Baseball's Locations: Manhattan, New York, London, Chicago

☆ Trump Media sued by co-founders ahead of DWAC merger, potential setback for lucrative deal
▼ + stars: | 2024-02-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Donald Trump (R) and producer Andy Litinsky (L) attend the Comedy Central Roast Of Donald Trump at the Hammerstein Ballroom on March 9, 2011 in New York City. The partnership, United Atlantic Ventures alleges that Trump Media & Technology Group engaged in "wrongful 11th hour ... maneuvering" to dilute UAV''s minority stake in the media company, a court filing says. Donald Trump attends the 'Celebrity Apprentice' Red Carpet Event at Trump Tower on January 5, 2015, in New York City. "They actually went out and did the work, they created Truth Social, and now the beneficiary of that, Donald Trump, doesn't want to pay." CNBC has requested comment from spokesmen for Trump, TMTG and DWAC about the lawsuit, which was first reported by The Washington Post.

Persons: Donald Trump, Andy Litinsky, Moss, Wes Moss, Trump, Jean Carroll, Christopher Clark, Clark, Donald J, TMTG, UAV's, TMTG's Organizations: Trump Media, Twitter, Facebook, United Atlantic Ventures, Trump Media & Technology Group, Trump Tower, Trump, Republican, TMTG, CNBC, The Washington Post, Securities and Exchange Commission, Department of Justice, SEC Locations: New York City, TMTG, Delaware, New York, partnership's Delaware

☆ 'They will pay': Trump shares social media threat as his lawyer argues gag order is unfair
▼ + stars: | 2023-11-20 | by ( Dan Mangan | ) www.cnbc.com time to read: 1 min

U.S. President Donald Trump speaks during a "Save America Rally" near the White House in Washington, D.C., U.S., on Wednesday, Jan. 6, 2021. Former President Donald Trump on Monday shared a threat made in a social media post by a former top official in his administration, who wrote that people who "framed Trump ... will pay." Trump reposted the media by Monica Crowley at the same time his attorney was arguing to a federal appeals court in Washington, D.C., that he should not be subject to a gag order in his criminal election interference case there. This is breaking news. Please check back for updates.

Persons: Donald Trump, Trump, Monica Crowley Organizations: Washington , D.C Locations: Washington ,

☆ Ivanka Trump Testifies at Her Father’s Civil Fraud Trial
▼ + stars: | 2023-11-08 | by ( Jacob Gershman | ) www.wsj.com time to read: 1 min

Donald Trump’s daughter Ivanka Trump testified Wednesday in the civil-fraud case filed by New York Attorney General Letitia James against the former president and his family business. Photo: Shannon Stapleton/ReutersIvanka Trump said in sworn testimony Wednesday that she had a foggy recollection of her role in negotiating hundreds of millions of dollars in loans at the center of the New York fraud case against her father and his business empire. Former President Donald Trump’s daughter, who worked closely with her father at the Trump Organization and while he was in the White House, became the fourth Trump family member to testify in the civil trial in Manhattan, following her father and her siblings Donald Trump Jr. and Eric Trump .

Persons: Donald Trump’s, Ivanka Trump, Letitia James, Shannon Stapleton, Reuters Ivanka Trump, Trump, Donald Trump Jr, Eric Trump Organizations: New York, Reuters, Trump Organization Locations: York, Manhattan

☆ Trump and Ivanka's relationship was 'severely damaged' after he found out she was friends with Christopher Steele, the former MI6 agent says
▼ + stars: | 2023-10-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Former MI6 agent Christopher Steele said that his friendship with Ivanka Trump hurt her relationship with her dad. AdvertisementAdvertisementFormer President Donald Trump's relationship with his daughter Ivanka broke down "severely" when the somewhat awkward news emerged that she had an undisclosed friendship with Christopher Steele, the former MI6 agent said on Tuesday. AdvertisementAdvertisement"I informed them that I had in fact had a friendship and professional relationship with Ivanka Trump . AdvertisementAdvertisementBut in his witness statement on Tuesday, Steele said that revealing this had led to trouble with the then-president. Ivanka Trump served as a presidential advisor during the Trump administration and took to the stage in 2020 to introduce him at the RNC.

Persons: Christopher Steele, Ivanka Trump, Steele, —, Donald Trump's, Ivanka, Trump, Sonam Sheth, General Michael Horowitz, Steele's, Ms Trump, Trump's, Mr Steele, Jared Kushner — Organizations: Service, Trump, Associated Press, Business Intelligence, FBI, DOJ, The Times, Guardian, Trump Tower, Times, RNC, DC Locations: London, Trump, Russia, Scotland

☆ Bill Ackman calls on JPMorgan CEO Dimon to run for US president
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

May 31 (Reuters) - Billionaire hedge fund manager Bill Ackman said Jamie Dimon should run for president in the next U.S. elections after the JPMorgan Chase & Co (JPM.N) CEO expressed his interest in pursuing a public office. loadingAckman called Dimon an "exemplary leader" and lauded him for having "superbly managed" JPMorgan through every crisis. There have been speculations about Dimon's potential presidential run in the future. "If he decides to get out of banking, I think he would be really good in politics," former President Bill Clinton once said of Dimon. In the 2016 presidential election, Ackman had urged former New York City Mayor and billionaire Michael Bloomberg to run for president.

Persons: Bill Ackman, Jamie Dimon, Dimon, Ackman, Donald Trump, Bill Clinton, Michael Bloomberg, Niket, Bayliss, Jaiveer, Anil D'Silva Organizations: Billionaire, JPMorgan Chase &, Bloomberg, JPMorgan, Trump, Pershing, Capital Management, Street, New, New York City, Svea Herbst, Thomson Locations: China, United States, New York, Bengaluru, Svea

Joe Tacopino is Trump's lawyer for the Manhattan DA's probe into a hush-money payment made to Stormy Daniels. He has previously said on CNN that the exchange poses a "real problem" for Trump. "If it leads back to the Trump campaign funding, that's a big problem," Tacopino said back on March 18, 2018. "This is a real problem," Tacopino said, according to the report. Tacopino's 2018 comments are a far cry from his more recent statements as a possible indictment hangs over Trump's head.

☆ Fact Check-Conspiracy theories say actor dressed as Trump attended his daughter’s wedding
▼ + stars: | 2022-11-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Donald Trump did attend his daughter Tiffany’s wedding, contrary to online claims saying the pair’s apparently similar height in some images was evidence that an actor attended the wedding instead of the former U.S. president. Great actors ..Look at the actor playing trump .. (there are a few) standing next to the actor playing tiffany? It then says wedding photographs show the two with similar heights and that this is proof that a hired actor attended the wedding. In the image being shared online, Tiffany, her husband, and her father appear to be a similar height. There is no evidence that former U.S. President Donald J. Trump had an actor attend his daughter Tiffany’s wedding instead of him.

☆ A Gilded Age Mansion Asking $14.5 Million Is Washington, D.C.’s, Priciest New Listing
▼ + stars: | 2022-09-23 | by ( Candace Taylor | ) www.wsj.com time to read: 1 min

In 2016, Amazon ’s Jeff Bezos paid $23 million for two side-by-side historic mansions in Washington, D.C. The sprawling early-1900s houses had been a museum, but Mr. Bezos converted them into a massive home, where he has since thrown glittering parties attended by the likes of Bill Gates and Ivanka Trump . Now another one of the city’s grand historic mansions is hoping to follow suit.

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