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☆ Musk’s haphazard philanthropy is under scrutiny
▼ + stars: | 2024-03-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

As CEO of Tesla, “I’ve done more for the environment than any single human on Earth,” he told the New York Times last year. But American tax law dangles some significant incentives for them to do so. Musk likely managed to shave a couple billion off his $11 billion tax bill in 2021, thanks to the $5.7 billion he donated to the Musk Foundation, according to the Times. In Musk’s case, according to the Times, that meant giving millions of dollars to Cameron County, Texas. “The way I see Elon Musk is that he’s really pushing the limits of the alternative approaches to philanthropy,” Pasic said.

Persons: CNN Business ’, New York CNN — Elon Musk, Tesla, ”, MacKenzie Scott, Jeff Bezos, “, ’, ’ ” Musk, Musk, ” Amir Pasic, Indiana University Lilly, Elon, ” Pasic Organizations: CNN Business, New York CNN, New York Times, Musk, Times, Indiana University, Indiana University Lilly Family School of Philanthropy, SpaceX Locations: New York, Cameron County , Texas

☆ All eyes are on AI at SXSW
▼ + stars: | 2024-03-12 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll eyes are on AI at SXSWCNBC’s Mackenzie Sigalos joins 'Power Lunch' to discuss the latest from SXSW including AI applications and the issue of the energy needed to power AI.

Persons: Mackenzie Sigalos Organizations: SXSW

☆ Bitcoin hits new all-time high as crypto fans descend on Austin for SXSW
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin hits new all-time high as crypto fans descend on Austin for SXSWCNBC's MacKenzie Sigalos joins 'Last Call' to report on bitcoin's record rise higher from Austin where SXSW kicks off today.

Persons: CNBC's MacKenzie Sigalos Organizations: Austin, SXSW Locations: Austin

☆ Elon Musk is lashing out at MacKenzie Scott, Jeff Bezos' ex, for donating billions to charities for women and minorities
▼ + stars: | 2024-03-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

"'Super rich ex-wives who hate their former spouse' should be listed among 'Reasons that Western Civilization died,'" Musk wrote in an X post referencing Jeff Bezos' ex-wife. Shame on anyone who uses it," Musk wrote on X in January. Unfortunately, a lot of others are getting caught in the crossfire," Musk wrote in an X post at the time. "The hard part is figuring out how to do it in a levered way," Bezos told CNN. In 2021, Musk donated $5.7 billion in Tesla shares to the Musk Foundation, a charity he started with his brother, Kimbal, in 2002.

Persons: —, Elon, MacKenzie, Jeff Bezos, Musk, who'd, Scott, ”, ” — Elon, she's, ahem, Bezos, she'd, Ruth Simmons, Simmons, he's, Kimbal, St Organizations: Service, Business, Republican, Democratic Party, M University, Associated Press, CNN, Musk Foundation, St Jude Children's Research, Bloomberg, Musk, Business Insider Locations: Prairie

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin prices recover after retreating from new record: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Dixon, founder and managing partner of a16z crypto, discusses his new book on blockchain technology, blockchain use cases and Ethereum's next big upgrade from ETHDenver.

Persons: explainers, Chris Dixon Organizations: CNBC Crypto, CNBC Locations: ETHDenver

☆ Bitcoin resumes rally after hitting a new all-time high
▼ + stars: | 2024-03-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin resumes rally after hitting a new all-time highCNBC's MacKenzie Sigalos reports on factors driving bitcoin's record run higher, including spot ETFs fomenting institutional adoption of the asset class.

Persons: CNBC's MacKenzie Sigalos

☆ Bitcoin is boring and that is its beauty: Neoclassic's Mike Bucella
▼ + stars: | 2024-03-05 | 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 EmailBitcoin is boring and that is its beauty: Neoclassic's Mike BucellaCNBC's Mackenzie Sigalos and Mike Bucella, Neoclassic Capital managing partner, join 'Power Lunch' to discuss the surge in Bitcoin and the state of cryptocurrency.

Persons: Mike Bucella CNBC's Mackenzie Sigalos, Mike Bucella Organizations: Neoclassic Capital Locations: cryptocurrency

Microsoft is accusing The New York Times of "unsubstantiated" claims in the publisher's lawsuit filed in December against OpenAI, a case that could have major implications for the future of generative artificial intelligence. In a motion to dismiss part of the suit on Monday, Microsoft said the Times presented a false narrative of "doomsday futurology" in which OpenAI's ChatGPT chatbot will decimate the news business. "In this case, The New York Times uses its might and its megaphone to challenge the latest profound technological advance: the Large Language Model," attorneys for Microsoft wrote. In its lawsuit, the Times accused OpenAI and Microsoft of copyright infringement and abusing the newspaper's intellectual property in training LLMs. A New York Times spokesperson didn't immediately respond to a request for comment.

Persons: Microsoft Corporation Satya Nadella, OpenAI, didn't Organizations: Microsoft Corporation, Economic, Microsoft, New York Times, OpenAI, Times, The New York Times Locations: Davos, Switzerland, OpenAI

☆ Bitcoin price surge and generative AI dominate discourse at Africa Tech Summit
▼ + stars: | 2024-03-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin price surge and generative AI dominate discourse at Africa Tech SummitCNBC's MacKenzie Sigalos reports from Nairobi, Kenya, on bitcoin's big upward price swings, how crypto adoption is growing there, and other headlines from the Africa Tech Summit.

Persons: Africa Tech Summit CNBC's MacKenzie Sigalos Organizations: Africa Tech Summit Locations: Nairobi, Kenya

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin inches closer to all-time high as cryptocurrency tests $67,000: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, SEC Commissioner Hester Peirce discusses what needs to change for regulating crypto in the U.S. from ETHDenver.

Persons: explainers, Hester Peirce Organizations: CNBC Crypto, CNBC, SEC Locations: U.S, ETHDenver

☆ Ether surges past $3,600 as thousands descend on ETHDenver 2024
▼ + stars: | 2024-03-04 | 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 EmailEther surges past $3,600 as thousands descend on ETHDenver 2024CNBC's MacKenzie Sigalos reports from ETHDenver on the latest trends in web3 and AI.

Persons: CNBC's MacKenzie Sigalos Locations: ETHDenver

☆ Ether up 50% this year as trader optimism soars over possible spot ether ETF approval
▼ + stars: | 2024-03-01 | 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 EmailEther up 50% this year as trader optimism soars over possible spot ether ETF approvalCNBC's MacKenzie Sigalos reports from EthDenver on the run-up in crypto prices as thousands gather for one of the biggest crypto conferences of the year.

Persons: CNBC's MacKenzie Sigalos Locations: EthDenver

☆ China's economy looks like a mess — but some sectors are quietly doing well in its '2-speed economy'
▼ + stars: | 2024-02-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Meanwhile, its financial markets are bleeding, the property market has gone up in smoke, local government debt appears alarming, and foreign investors are exiting in droves. Real estate — which was a huge part of China's economy — has been hit badly, he said. AdvertisementTravel has picked up after years of pandemic lockdownServices is another pillar of China's economy that Beijing has been trying to build up. AdvertisementThis is in part because new growth industries are not able to take the place of real estate — yet. Because the property market accounts for one-quarter of China's GDP and more than two-thirds of household wealth, its overall drag on China's economy is much greater than whatever is doing well right now.

Persons: —, Rory Green, GlobalData.TS Lombard, AllianceBernstein, John Lin, Lin, Donald Trump's, Louise Loo, Wood Mackenzie, AllianceBerstein's Lin, Nomura, Loo Organizations: Service, Business, Bloomberg TV, Oxford Economics, Nomura, Oxford Locations: China, GlobalData.TS, Real, COVID, Beijing, Europe, Taiwan, South Korea

Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022. While the long-term safety of bitcoin may still be up for debate, Saylor's strategy has been a hugely lucrative one, particularly this week. Add it up and Saylor is about $700 million richer than he was on Sunday. Between Saylor's MicroStrategy control and his bitcoin, his holdings climbed to $2.96 billion in value on Wednesday from $2.27 billion at the start of the week. The company said on Monday that it acquired an additional 3,000 bitcoins for a total of $155 million between Feb. 15 and Feb. 25.

Persons: Michael Saylor, MicroStrategy's Michael Saylor, Saylor, MicroStrategy, Andrew Kang, bitcoin Organizations: MicroStrategy Locations: Miami, bitcoin

☆ Coinbase users see $0 balance after crypto-trading app suffers glitch
▼ + stars: | 2024-02-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +1 min

The Coinbase and bitcoin logos are displayed on a phone screen in San Anselmo, California, on Feb. 15, 2024. Coinbase 's app suffered from glitches on Wednesday that led many users to see a balance of zero when opening their accounts. "We are aware that some users may see a zero balance across their Coinbase accounts and may experience errors in buying or selling," Coinbase said in a statement to CNBC. Coinbase advised users to check on the system outage at its status page: https://status.coinbase.com/incidents/qlpwww1zsm2yOne user sent a screengrab to CNBC showing a balance of $0.00 in his account. He soon received a notice titled "Site Degraded Performance," informing him that the company was investigating the matter.

Persons: Coinbase, Bitcoin Organizations: CNBC Locations: San Anselmo , California

☆ Bitcoin firm MicroStrategy pops 27% in two days as company's crypto stake hits $11 billion
▼ + stars: | 2024-02-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

In this article MSTR Follow your favorite stocks CREATE FREE ACCOUNTMicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. MicroStrategy, along with its subsidiaries, now owns about 193,000 bitcoins worth $11 billion. watch nowInvestors have been increasingly bullish on the bitcoin trade following the SEC's approval of multiple spot bitcoin exchange-traded funds last month. "Institutional capital is still getting up to speed with bitcoin ETFs. For example, MicroStrategy has the ability to acquire bitcoin using proceeds from debt and equity issuances, the firm said.

Persons: Michael Saylor, Joe Raedle, MicroStategy, Andrew King, bitcoin, Bitcoin, Ryan Rasmussen, —, MicroStrategy, Cowen, CNBC's Dylan Butts, Ari Levy Organizations: Mana Convention, Getty, Bitwise Asset Management, Research, Benchmark Locations: Wynwood, Miami , Florida, bitcoin, Bitcoin

"Normal people do not use OpenAI's products in this way," OpenAI wrote in the filing. The news outlet's lawsuit, filed in December, seeks to hold Microsoft and OpenAI accountable for billions of dollars in damages. In the past, OpenAI has said it's "impossible" to train top AI models without copyrighted works. "We expect our ongoing negotiations with others to yield additional partnerships soon," OpenAI wrote in the filing. But in the filing, OpenAI says the content is vital to training today's AI models.

Persons: Sam Altman, OpenAI, Altman, Axel Springer, — CNBC's Ryan Browne Organizations: Economic, The New York Times, New York Times, Microsoft, House, Times, Bloomberg, CNN, Fox Corp, CNBC PRO Locations: Davos, Switzerland, Manhattan

☆ Australia women’s goalkeeper jerseys finally go on sale – six months after the World Cup
▼ + stars: | 2024-02-26 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —From this week, soccer fans will be able to buy Australian goalkeeper Mackenzie Arnold’s Nike jersey, more than six months after she wore the purple top at the Women’s World Cup. Arnold kept a tournament-high four clean sheets during the Matildas’ run to the semifinals of last year’s Women’s World Cup, which was co-hosted by Australia and New Zealand. That prompted England shot-stopper Mary Earps to campaign vociferously for the sportswear company to release the women’s goalkeeper jerseys ahead of the tournament. CNN has contacted Nike for comment regarding the release of the Australian goalkeeper jersey. Arnold kept four clean sheets at the Women's World Cup last year.

Persons: Mackenzie Arnold’s Nike, Arnold, ” Arnold, England, Mary Earps, vociferously, Brendon Thorne, Ashley Reade, ’ Organizations: CNN, Football Australia, France, Australia, Nike, Reuters, Nike’s Pacific, Australian, Uzbekistan Locations: Australia, New Zealand, England, US, France, Netherlands, Melbourne, Paris

☆ Block shares surge as much as 14% after company announces surprise profit
▼ + stars: | 2024-02-22 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Block stock rose as much as 14% in extended trading Thursday after the payments company reported fourth-quarter earnings that beat analyst estimates on gross profit and showed strong growth in its Square and Cash App revenue. Revenue: $5.77 billion vs. $5.70 billion expectedBlock posted $2.03 billion in gross profit, up 22% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company's core transactional businesses. Its Cash App business reported $1.18 billion in gross profit, a 25% year-over-year rise. The company, which is run by Jack Dorsey, said its Cash App Card has 23 million monthly actives in December, up 20%.

Persons: Jack Dorsey, Dorsey Organizations: Twitter Inc, Inc, Cash Locations: Miami , Florida

☆ 'This is the mental health moment': Innovation and M&A are helping to boost these stocks to new heights
▼ + stars: | 2024-02-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +14 min

There's been a lot of chatter about the mental health crisis since the Covid-19 pandemic. Attention to a long-time crisis The mental health crisis is nothing new. However, there has also been a growing awareness and acceptance of mental health illnesses over the past decade, said Canaccord Genuity analyst Richard Close. "There's been recognition that mental health has a significant impact on a person's overall health," he said. "This is the mental health moment," said Dr. Ken Duckworth, NAMI's chief medical officer and author of "You Are Not Alone: The NAMI Guide to Mental Health."

Persons: There's, Covid, Peter Micca, AbbVie, Emraclidine, Myers Squibb, Karuna, Marc Goodman, Canaccord, Richard Close, MacKenzie Scott, Ken Duckworth, NAMI, Deloitte's Micca, William Blair, Myles Minter, Minter, Auvelity, Leerink's Goodman, Ashwani Verma, Verma, Goodman, BioHaven, Cerevel, Neumora, tardive, David Song, BetterHelp, psychedelics Johnson, Johnson, Spravato, Blair's Minter, Axsome, Micca, Michael Bloom Organizations: Institute for Health Metrics, Deloitte, Cerevel Therapeutics, Karuna Therapeutics, Bristol Myers, Leerink Partners, Centers for Disease Control, National Alliance, Mental, Mental Health, Wall Street, Therapeutics, Neumora Therapeutics, UBS, Karuna, Cellular Therapies, Xenon Pharmaceuticals, Neurocrine Biosciences, Acadia Pharmaceuticals, Tema Neuroscience, Axsome Therapeutics, Acadia Healthcare, BetterHelp, CNBC, pharma, Cellular Locations: Covid, Bristol, XEN1101, Acadia, Tema

☆ Israel to Set Security Limits on Ramadan Prayers at Jerusalem's Al Aqsa, Netanyahu Says
▼ + stars: | 2024-02-19 | by ( Feb. | At A.M. | ) www.usnews.com time to read: 1 min

JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Monday that he had made a "balanced decision" to allow freedom of worship at Jerusalem's Al Aqsa mosque during Ramadan, but that access would be limited according to security needs. Asked about the possibility of blocking access for Israeli Muslims to Al Aqsa, a flashpoint prayer site in Jerusalem's Old City, Netanyahu's office said: "The prime minister made a balanced decision to allow freedom of worship within the security needs determined by professionals." It gave no details. Israel often sets limits on which worshippers can reach the prayer site - for example based on age - in order to avoid violence from erupting at the site, which is part of a compound also holy in Judaism. War in Israel and Gaza View All 209 Images(Reporting by Ari Rabinovitch; Editing by James Mackenzie)

Persons: Benjamin Netanyahu, Ari Rabinovitch, James Mackenzie Locations: JERUSALEM, Jerusalem's Al Aqsa, Al Aqsa, Jerusalem's Old City, Israel, Gaza

We'll also guide you step-by-step on how to use a VPN to watch UFC 298, no matter where you are. ET / 3 a.m. GMT (Sun) / 11 a.m. AWST (Sun)How to watch UFC 298 in the USUS viewers can watch the main event of UFC 298 on ESPN Plus tonight at 10 p.m. UFC PPV + Annual ESPN+ Membership (Bundle) ESPN+ is the home of UFC PPV events, meaning that fans need to purchase a subscription in addition to buying the one-off cards. Where to watch UFC 298 everywhere elseIf you're not in the US, you still have a few options to watch UFC 298. In Canada, UFC 298 will be available as a pay-per-view through most TV providers and directly via UFC Fight Pass.

Persons: Whittaker, Costa doesn't, We'll, ExpressVPN, Alexander Volkanovski, Ilia Topuria, Robert Whittaker, Paulo Costa, Geoff Neal, Ian Machado Garry, Merab, Henry Cejudo, Anthony Hernandez, Kopylov, Amanda Lemos, Mackenzie Dern, Marcos Rogerio de Lima, Justin Tafa, Rinya Nakamura, Carlos Vera, Zhang Mingyang, Brendson Ribeiro, Josh Quinlan, Danny Barlow, Val Woodburn, Andrea Lee, Miranda Maverick Organizations: Business, Volkanovski, Honda Center, UFC, ESPN Plus, ESPN, TNT Sports, Amazon, Apple, PlayStation, Samsung, BT, BT Sport, League, LG, Elliott Locations: Anaheim, Canada, Australia, New Zealand, Germany, Italy, Spain, Poland, Switzerland, Asia, Africa, Brazil

LOS ANGELES (AP) — Patrick Cantlay began with an eagle and never let anyone close to him the rest of the round Friday. He shot a 6-under 65 to build a five-shot lead at the Genesis Invitational going into a weekend that won't include Tiger Woods. Woods made another early exit, this one because of flu symptoms instead of his injured body. Cantlay was making it tougher on the field with every birdie. The cut was at 1-over 143, eliminating Pebble Beach winner Wyndham Clark and Justin Thomas.

Persons: — Patrick Cantlay, Woods, Cantlay, Jason Day, Luke List, Mackenzie Hughes, Wyndham Clark, Justin Thomas, Will Zalatoris, Joel Stock, ___ Organizations: ANGELES, UCLA, Pebble Locations: Riviera, Long Beach

☆ Jeff Bezos' move to Miami shows just how hard it is to tax the rich
▼ + stars: | 2024-02-13 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

AdvertisementEarlier this month, Bezos announced plans to unload 50 million Amazon shares , worth about $8.5 billion, over the next year. Last week, he sold 12 million shares worth more than $2 billion, per SEC filings. But he stopped in 2022 — the same year Washington state imposed a 7% capital gains tax on gains of over $250,000 for those domiciled there. Florida, in contrast, has a capital gains tax rate of zero. In fact, it is one of the eight states that does not have a capital gains tax.

Persons: Jeff Bezos, he's, —, Rich, Lauren Sanchez, Blue, Sanchez, Miami, Bezos, It's, Ken Griffin, Carl Icahn, Daniel Och, Josh Harris, Griffin —, it’s, it's, Bill Gates, Steve Ballmer, MacKenzie Scott Organizations: Miami, Service, SEC, CNBC, Sunshine State, Evergreen State Locations: Washington, Florida, Miami, Canaveral, Texas

☆ UN Agency Says Aid Shipment Blocked in Israeli Port
▼ + stars: | 2024-02-11 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

JERUSALEM (Reuters) - The main United Nations agency providing aid to Palestinians in Gaza is facing growing administrative hurdles from Israel, with a shipment amounting to a month's supply of food blocked in port, the agency's chief said. UNRWA has dismissed staff accused of involvement in the attack and launched an investigation. He said UNRWA had been informed by a contractor that provided handling services in the port of Ashdod that it could no longer continue working with UNRWA, following instructions from the Israeli authorities. Last week, Israeli Finance Minister Bezalel Smotrich announced on social media platform X that Israel was cancelling tax breaks previously offered to UNRWA. The decision was not formally communicated to the agency which only learned about it when the statement appeared on the platform, Lazzarini said.

Persons: Israel, Philippe Lazzarini, Lazzarini, Bezalel Smotrich, James Mackenzie, Steve Scheer Organizations: United Nations, United Nations Relief, Works Agency for Palestinian Refugees, UNRWA, Israel, West Bank Locations: JERUSALEM, Gaza, Israel, East, Ashdod, Turkey, East Jerusalem, Lebanon, Jordan, Syria

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