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☆ I was 7 years sober when I met my husband. I still needed to set boundaries with him when his drinking triggered me.
▼ + stars: | 2024-12-04 | by ( Camilla Richardson | ) www.businessinsider.com time to read: +4 min

AdvertisementI met my partner when I was seven years sober. Although I was far into my sobriety journey, some of his drinking habits triggered me. Having a partner who drank wasn't a dealbreaker for me, but I still needed boundaries within the relationship to protect my sobriety. No one should risk their sobriety for a relationshipI don't share my boundaries for anyone to compare their own. Some hard things can surprise you and turn into an advantage.

Persons: I'd, must've, It's, you've

☆ BNY promotes 30 employees to managing director. See the full list of names here.
▼ + stars: | 2024-12-04 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +1 min

Here are the names of the 30 employees it just promoted to the top title of managing director. Bank of New York Mellon Corp. on Wednesday promoted 30 employees to managing director, the bank's highest title below the C-suite. That's down from 44 managing director promotions last year as CEO Robin Vince seeks to transform the bank, including by setting a higher bar for rising in the ranks. BNY is neither an investment bank nor a consumer bank, but it's one of the oldest and most important financial institutions on Wall Street. It also manages $333 billion in individual client assets through its wealth business and $2.1 trillion in assets through its investment and wealth management business segment.

Persons: New York Mellon, Robin Vince, Alexander Hamilton Organizations: Bank, New York, Bank of New York Mellon Corp, BNY, Wall Locations: Manchester, United Kingdom, Wroclaw, Poland, Dublin, Ireland, India, Chennai, Pune

☆ Mareterra: This $2 billion luxury ‘eco-district’ has grown Monaco in size by 3%
▼ + stars: | 2024-12-04 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

New “eco-district” Mareterra, which has been built into the Mediterranean Sea, expands the microstate’s land mass by almost 15 acres. Inaugurated by Monaco’s Prince Albert II on Wednesday, the €2 billion ($2.1 billion) luxury development features a marina, seaside promenade and swathes of new high-end housing. The new development features more than 100 new luxury apartments in one of the world's most densely populated places. Land is notoriously scarce in Monaco, which has a long history of building into the sea. MareterraEarlier land reclamation efforts attracted the ire of environmentalists worried about the impact on Monaco’s marine life, which today includes 60 species of coral.

Persons: Knight Frank —, Monaco’s Prince Albert II, Le Renzo, Renzo Piano, Mareterra, Norman Foster, Tadao Ando, Knight Frank, Grimaldi, Prince Albert II Organizations: CNN, Pompidou Locations: Monaco, Tuscany, Italy, Mareterra .

☆ OpenAI's active user count soars to 300 million people per week
▼ + stars: | 2024-12-04 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

After months of C-suite changes, tender offers and a soaring valuation, OpenAI has reached a new milestone: 300 million weekly active users. OpenAI CEO Sam Altman revealed the new figure Wednesday at The New York Times' DealBook Summit. A source familiar with the company told CNBC last week that the company's weekly active user count was still at 250 million. Over the next year, though, the company is reportedly targeting 1 billion active users. OpenAI's valuation has climbed to $157 billion in the two years since it launched ChatGPT, raising about $13 billion from Microsoft.

Persons: Sam Altman, OpenAI, Anthropic, Elon Musk's xAI, Altman, nabbing Kate Rouch, Microsoft's Bing Organizations: New York Times, Jazz, Lincoln Center, The New York Times, CNBC, Microsoft, Google, Meta, Amazon Locations: New York City, DealBook

☆ Fox News stars defend imperiled ex-colleague Pete Hegseth amid misconduct allegations
▼ + stars: | 2024-12-04 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

New York CNN —Pete Hegseth’s former colleagues at Fox News are rallying to his side. After disregarding a series of misconduct allegations against Hegseth for days on end, the right-wing network has shifted into a new posture: defense. Amid the mounting scrutiny, Hegseth’s friends at Fox are simultaneously – and suddenly – speaking up on his behalf. On Wednesday morning – as Hegseth ramped up his own public defense – his mother appeared on “Fox & Friends” for her first television interview. Will Cain, the “Fox & Friends Weekend” co-host who sat next to Hegseth for five years, started the snowball effect.

Persons: Pete Hegseth’s, Hegseth, “ Fox, ”, Donald Trump, Trump, Penelope, Fox, Lachlan Murdoch, Suzanne Scott, Jennifer Rauchet, “, Friends ”, Steve Doocy’s, ” Penelope Hegseth, Pete, JD Vance, Emily Compagno, Brian Kilmeade, he’s, ” Kilmeade, Kilmeade, Will Cain, Cain, Rachel Campos, Duffy, ” Campos, ” Cain, Megyn Kelly, Kelly, Jake Tapper, Tim Parlatore Organizations: New, New York CNN, Fox News, Pentagon, Capitol, Fox, The New York Times, Fox Corp, Fox News Media, “ Fox, Friends, Times, ”, NBC Locations: New York, Yorker

☆ OpenAI teases 12 days of launches and demos
▼ + stars: | 2024-12-04 | 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 EmailOpenAI teases 12 days of launches and demosCNBC's Deidre Bosa joins 'The Exchange' with the latest details on OpenAI, Spotify wrapped, and more.

Persons: OpenAI, Bosa Organizations: Spotify

☆ Amazon sued by DC attorney general for allegedly excluding neighborhoods from Prime delivery
▼ + stars: | 2024-12-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

Washington, D.C.'s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes in the nation's capital from access to Prime's high-speed delivery. "In the zip codes in question, there have been specific and targeted acts against drivers delivering Amazon packages. Data from the AG shows that before Amazon instituted the change, more than 72% of Prime packages in the two ZIP codes were delivered within two days of checkout. The ZIP codes in Schwalb's complaint are in areas with large Black populations, according to 2022 Census data based on its American Community Survey. According to Scwalb's complaint, Amazon never communicated the delivery exclusion to Prime members in the area.

Persons: Brian Schwalb, Schwalb, Steve Kelly, Kelly Organizations: Amazon, Amazon's, U.S . Postal Service, AG, Bloomberg, American, Survey, Federal Trade Commission, UPS, FedEx Locations: Atlanta, Chicago, Dallas, Washington

☆ South Korea's largest labor union launches an indefinite strike and calls for the president's resignation
▼ + stars: | 2024-12-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementSouth Korea's largest labor union has issued an indefinite general strike. The call went out to its 1.1M members after South Korea's president declared martial law. South Korea's largest labor union launched an indefinite general strike late on Tuesday, calling for the country's embattled president to resign after he declared martial law. The decree, which suspended civilian government functions and established temporary military control, was South Korea's first declaration of martial law since the country's democratization in 1987. AdvertisementMeanwhile, South Korea's former foreign minister, Kang Kyung-hwa, told CNN that the president's move and the way it was handled was "completely unacceptable" and an "aberration."

Persons: Kim Jong, Yoon Suk Yeol, South Korea's, Yoon, Andrew Minjun, Kang Kyung, Robert E, Kelly, India's, he'll Organizations: South, Korean, of Trade Unions, South Korean, Korean Confederation of Trade Union, Seoul National University, CNN, Associated Press, Pusan National University Locations: South, North Korea

☆ This women's retailer is a surprise winner of Black Friday, Telsey says
▼ + stars: | 2024-12-04 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Victoria's Secret showed unexpected strength on Black Friday this year, according to retail analyst Dana Tesley. Victoria's Secret," the Telsey Advisory Group CEO said Tuesday on CNBC's " Money Movers ." "There were lines at Victoria's Secret stores around the country." Notably, Victoria's Secret brought its iconic fashion show back after a multiyear hiatus. VSCO YTD mountain Victoria's Secret, year to date Victoria's Secret shares have soared more than 57% this year, reversing course after two straight losing years.

Persons: Dana Tesley, Tesley, Hillary Super, LSEG, Ralph Lauren, Kohl's Organizations: Telsey, Super, Abercrombie, Fitch, Nike Locations: Ohio

☆ Consumers should prepare for Trump tariffs to usher in new round of price increases, says Richmond Fed president Tom Barkin
▼ + stars: | 2024-12-04 | by ( Ian Thomas | ) www.cnbc.com time to read: +5 min

"What we're seeing, I think very strongly now, is [that] consumers are frustrated — they're frustrated by high prices." During the more-than-two-year stretch of inflation that was born out of pandemic shortages and supply chain issues and continued as companies raised prices, consumers largely stayed resilient and continued to spend. Barkin said that in 2018 and 2019 he met with companies and asked if they were going to pass on Trump tariff-driven cost increases to consumers. Navarro was previously a top trade aide for Trump during his first term a and major proponent of tariffs. So, it should do something to increase prices."

Persons: Barkin, CNBC's Steve Liesman, — they're, Trump, Tom Barkin, John David Rainey, Trump's, Rainey, you've, Brandon Sink, Liesman, Peter Navarro, Navarro, that's, it's Organizations: CNBC, Summit, Washington , D.C, Target, Walmart, Federal Reserve Bank of Richmond, Trump, Depot, Trade, Trump Manufacturing, Richmond Fed Locations: Washington ,, Trump, China

☆ Trump nominates billionaire SpaceX astronaut Jared Isaacman to lead NASA
▼ + stars: | 2024-12-04 | by ( Ana Altchek | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Isaacman has flown two historic, all-civilian SpaceX missions, with more planned in the future. The man who commanded multiple space missions for Elon Musk has been nominated to lead NASA. President-elect Donald Trump nominated Jared Isaacman, the billionaire and repeat SpaceX astronaut, to be NASA's administrator on Wednesday. The five-day mission took Isaacman and three others further from Earth than anyone has traveled since the Apollo moon missions. That was also a SpaceX mission, called Inspiration4, which Isaacman commanded.

Persons: Jared Isaacman, Donald Trump, Isaacman, Elon Musk, Jared, Trump, George Nield, Michelle Hanlon, Nield, NASA's, They've Organizations: NASA, SpaceX, Elon, Polaris, Business, Shift4, Draken, US Department of Defense, NATO, of Government, Center for Air, Space, University of Mississippi School of Law

☆ Howard Lutnick helped build Newmark into a real estate powerhouse. Now he's leaving for Washington.
▼ + stars: | 2024-12-04 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +7 min

AdvertisementHoward Lutnick opened his wallet and Rolodex to turn Newmark into a commercial real estate success. In 2011, the billionaire arranged for his affiliate financial company, BGC Group, to purchase the New York-based commercial real estate services firm Newmark for an undisclosed sum. The results have turned heads in the ultra-competitive real estate business. "It's one of the best positioned real estate players today," Goldfarb added, noting that he has an "overweight" – or buy – rating on Newmark stock. In 2014, Newmark purchased Grubb & Ellis, a commercial real estate services firm, out of bankruptcy.

Persons: Howard Lutnick, Newmark, Lutnick, Trump's, Howard, Barry Gosin, Donald Trump, Cantor Fitzgerald, Elon Musk, Barry, Alexander Goldfarb, Piper Sandler, Goldfarb, Cantor, Gosin, Mark Weiss, Scott Panzer, JLL, Panzer, Grubb, Ellis, Piper, David Falk, Falk –, Falk Organizations: Business, New, Cushman & Wakefield, Newmark, Cushman &, Economic, Newmark's Locations: Washington, Wall, New York, America, Cushman & Wakefield, Davos, Switzerland, Newmark's New York

☆ Powell says he's not worried about the Fed losing its independence under Trump
▼ + stars: | 2024-12-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

NEW YORK — Federal Reserve Chair Jerome Powell said Wednesday he isn't worried that President-elect Donald Trump will try to politicize the central bank once he takes office in January. However, Powell said there are safeguards in the congressional legislation that created the Fed that will help preserve it from political influences. During his first stint in office, Trump hurled sharp criticism at the Fed and Powell, whom he nominated. In the months leading up to the election, Trump advocated for allowing the president a say when the Fed is making decisions on interest rates. Though many presidents have tried to exert influence over the Fed, Trump was the most public about it.

Persons: Jerome Powell, isn't, Donald Trump, Trump, Powell, CNBC's Andrew Ross Sorkin, I'm Organizations: US Federal Reserve, New York Times, Jazz, Lincoln Center, Fed, Federal Locations: New York, Washington, U.S

☆ Julia Louis-Dreyfus, Pete Davidson and more 'Saturday Night Live' stars reveal what they spent their first paychecks on
▼ + stars: | 2024-12-04 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

While Saturday Night Live is known for minting stars, the comedians whose careers have been launched by the show all started at the bottom of Studio 8H. Purchases ranged from shoes to furniture, but many of the cast shared a similar sentiment: first-year writers don't make as much money as you probably think they do. Here's what the SNL stars and alumni told the magazine:Pete Davidson: "Do you guys know what they pay us? Seth Meyers: "I went to, like, a Crate & Barrel and I got a really big couch and then I went to a Best Buy and I got a really big TV." It's not the first time that SNL stars have talked about how they've spent their money.

Persons: Pete Davidson, James Austin Johnson, Julia Louis, Dreyfus, Rachel Dratch, Sarah Silverman, Jason Sudeikis, Sarah Sherman, Cheri Oteri, Seth Meyers, Bowen Yang, Gucci, It's, they've, Davidson, Colin Jost —, —, Jost Organizations: 8H, New York Magazine, SNL, Saks, CNBC Locations: York, Staten, New York

☆ South Korea's short-lived martial law declaration rattled markets. Here's what's next for stocks
▼ + stars: | 2024-12-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

A visitor looks at screens at the Korea Exchange (KRX) headquarters in Seoul, South Korea, on Wednesday, Dec. 4, 2024. The political whiplash thrust South Korea, a key U.S. ally and critical link in international supply chains, into the global spotlight and rattled financial markets. U.S.-listed Korean equities fell sharply on Yoon's initial martial law order, while South Korea's won notched a fresh two-year low against the U.S. dollar on the news. "Martial law hasn't been introduced since 1979 and is seen as deeply negative. Investor sentiment could turn for the betterNot everyone was as downbeat on the market implications of South Korea's unfolding political drama.

Persons: Yoon Suk Yeol, Kim Byung, Yoon, Jonathan Garner, Morgan Stanley, CNBC's, Garner, Rory Green, South Korea's, Trinh Nguyen, hasn't, Nguyen, Thomas Mathews, Yoon Suk, Anthony Wallace Organizations: Korea Exchange, Bloomberg, Getty, South, National Assembly, South Korea's, U.S, Yonhap News Agency, Deutsche Bank, Tech, Samsung, Korea's, LG Energy, Hyundai Motor, TS Lombard, greenback, Bank of, Asia Pacific, Capital Economics, Afp Locations: Seoul, South Korea, North, Korea, U.S, Asia, China, Bank of Korea

☆ The 10 best cities in Asia for expats
▼ + stars: | 2024-12-04 | by ( Erin Liam | ) www.businessinsider.com time to read: +7 min

AdvertisementMercer's Quality of Living City Ranking 2024 looks at factors such as political stability and healthcare. Mercer, a human resource consulting service, recently released its yearly Quality of Living City Ranking, which ranks 241 cities across five continents. Although many European cities were featured high on the list, with Zurich maintaining its top spot, 12 Asian cities made the top 100 this year. Tokyo, Japan (56th)Shibuya crossing in Tokyo, Japan. Caroline Pang/Getty ImagesSingapore, a small island nation in Southeast Asia, was ranked the highest among Asian cities on the list.

Persons: Mercer, Abu Dhabi, Didier Marti, Expats, Abu, Alex Teachey, I'd, Constantine Johnny, Kiran Ali, George Hammerstein, Kaitlyn Cheung, Taro Hama, Marco Bottigelli, It's Japan's, Grace Cheng, Alicia Erickson, David McElhinney, —, Caroline Pang, Nick Burns Organizations: Living, United, United Arab Emirates, Abu Dhabi, Dubai, Getty Images Taipei, New Yorker, Dubai Statistics Center, Expats, Getty, Yokohama Station, Recruit Co, Getty Images Locations: Singapore, Asia, Zurich, Abu Dhabi, United Arab, UAE, Munich, Taipei, Taiwan, New, New York City, Dubai, Burj, Seoul, South Korea, Busan, Hong Kong, California, Nagoya, Japan, Kyoto, Tokyo, Taro, kamakura, Japan's Aichi Prefecture, Osaka, Kobe, Yokohama, Greater Tokyo, Atlanta, Getty Images Singapore, Southeast Asia, San Francisco

☆ University of Michigan Weighs Changes to Its Diversity Program
▼ + stars: | 2024-12-04 | by ( Nicholas Confessore | ) www.nytimes.com time to read: +1 min

The University of Michigan, one of higher education’s staunchest proponents of diversity, equity and inclusion plans, is weighing changes to its own program as colleges across the country brace for the second presidency of Donald J. Trump and a Republican assault on such initiatives in government and academia. Regents overseeing the university said in interviews that they expected the board to seek limits on so-called diversity statements in hiring and promotion decisions. The changes under consideration would make Michigan one of the first selective public universities to rethink D.E.I. Michigan’s state constitution provides regents ultimate control over the university’s finances as well as general oversight of the school. But early discussions between the regents and other university officials have sparked intense pushback on Michigan’s campus in recent days.

Persons: Donald J, Trump Organizations: University of Michigan, Republican, Regents Locations: Michigan

☆ This year's Spotify Wrapped lets you listen to AI hosts break down your music tastes, thanks to Google
▼ + stars: | 2024-12-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

AdvertisementGoogle and Spotify launched a Wrapped AI Podcast with NotebookLM's AI hosts. If you've ever thought that your Spotify Wrapped deserved more attention from your group chat or social media followers — the wait is over. So far, the AI podcast feature on Spotify is only available with Wrapped. AdvertisementThe new Wrapped AI Podcast feature is available to free and premium Spotify users in the US, UK, Australia, New Zealand, Canada, Ireland, and Sweden. To find the podcast, you can go to your Wrapped home feed and select your Spotify Wrapped AI podcast.

Persons: Lizzie Widhelm, Steven Johnson, Johnson, NotebookLM, Google's Organizations: Google, Spotify, Google Labs Locations: UK, Australia, New Zealand, Canada, Ireland, Sweden

☆ Does blowing your nose make cold symptoms worse?
▼ + stars: | 2024-12-04 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com time to read: +6 min

Before you blow your nose like a foghorn, know that nose blowing is helpful when done correctly. “It’s pretty rare to blow your eardrums from nose blowing,” Kelley said. While blood vessels are all around the nose, the ones in the front of the nose can easily burst from the pressure of nose blowing. Rest assured, Filip said these are exceedingly rare cases of forceful nose blowing, and people were able to recover once they stopped blowing their noses. HeadachesFilip said experts are still divided on whether forceful nose blowing causes headaches because people with runny noses usually have a flu or cold that would induce migraine symptoms.

Persons: Peter Filip, ” Filip, Filip, “, Kanwar Kelley, ” Kelley, ”, nosebleeds, Kelley, Fillip, Jocelyn Solis, Moreira Organizations: CNN, Rush University Medical Center, Side Health, “ Locations: Chicago, California, New York

☆ Spotify Wrapped is out. Here's who topped the 2024 streaming charts
▼ + stars: | 2024-12-04 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

This photograph taken in Paris on April 19, 2024, shows a smatphone displaying the US singer-songwriter Taylor Swift's new album "The Tortured Poets Department" on Spotify. Queen of pop Taylor Swift released her highly anticipated record "The Tortured Poets Department" on April 19, 2024 -- the 11th studio album from the megastar who is already having a blockbuster year. Spotify Wrapped 2024 is out, giving hundreds of millions of users the ability to see their most-played songs and artists over the course of the year. Drake, Lamar's opponent in a renewed public rap battle earlier this spring, surged on the most-streamed artists' list, while Lamar ended up in seventh place on that list. Most-streamed artists in the United StatesTaylor Swift Drake Zach Bryan Morgan Wallen Kanye West"The Joe Rogan Experience," which hosted President-elect Donald Trump in October, took the No.

Persons: Taylor Swift's, Taylor Swift, Google's NotebookLM, Sabrina Carpenter's, Sabrina Carpenter, Kendrick Lamar, Shaboozey, Morgan Wallen, Post Malone, Tommy Richman Kendrick Lamar's, Drake, Lamar, Taylor Swift Drake Zach Bryan Morgan Wallen Kanye, Joe Rogan, Donald Trump, Kamala Harris Organizations: Department, Spotify, Wednesday, Poets Department Locations: Paris, United States, United

☆ The Silicon Valley titans seeking Donald Trump's ear as his second term approaches
▼ + stars: | 2024-12-04 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

AdvertisementWith his presidency approaching, tech leaders are seeking Donald Trump's good graces. From threatening to jail Meta chief Mark Zuckerberg to accusing Google of rigging search results against him, President-elect Donald Trump tangled with Big Tech throughout his 2024 presidential campaign. Trump's presidency could affect everything from budding AI regulation to a bevy of antitrust actions that target Apple, Google, Meta, and Amazon. "President Trump is surrounding himself with industry leaders like Elon Musk as he works to restore innovation, reduce regulation, and celebrate free speech in his second term," Trump-Vance transition spokesperson Brian Hughes told Business Insider in a statement. With his second term approaching, these are some of the big-name tech executives who've been seeking the president-elect's ear.

Persons: Donald Trump's, Mark Zuckerberg, Shou Chew, Elon Musk, Donald Trump, Elon, —, Trump's, Trump, Vance, Brian Hughes, who've Organizations: Mar, Google, Big Tech, Apple

☆ Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto at Dealbook conference
▼ + stars: | 2024-12-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Federal Reserve Chair Jerome Powell speaks Wednesday at the New York Times DealBook conference. The appearances comes two weeks ahead of when the central bank will announce its decision on interest rates and is Powell's last public appearance before then. Markets strongly expect the Fed to lower its benchmark interest rate by another quarter percentage point from its current target range of 4.5%-4.75%. The rate-setting Federal Open Market Committee lowered the federal funds rate by a combined three quarters of a point at its September and November meetings. In recent days, policymakers have expressed some concern about the recent edge up in the inflation rate, indicating a cautious approach on policy as they watch the data.

Persons: Jerome Powell, Waller Organizations: New York Times, Committee, Fed

☆ An Air France passenger says he was injured when his business-class seat came loose during takeoff, and is suing the airline
▼ + stars: | 2024-12-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

AdvertisementAn Air France passenger is suing the airline for over $100,000, saying he was injured on a flight. Sofiane Licir said he sustained "serious" injuries when his business-class seat broke during takeoff. An Air France passenger is suing the airline, saying he was injured when his business-class seat broke during takeoff. AdvertisementIt adds that Licir's business-class seat then broke from the railings it was fastened to — causing him to be "propelled into the confines of his seating area." And last year, an Emirates passenger sued the airline saying his business-class seat was "absolutely disgusting" and didn't recline.

Persons: Sofiane Licir, Sofiane, Licir Organizations: Air, Court, Southern, Southern District of Texas, Airbus, Air France, KLM, Montreal Convention, Montreal, Business, British Airways, Emirates Locations: Air France, Southern District, Texas, Paris, Houston

☆ Trump plans to nominate Paul Atkins as SEC chair in crypto-friendly move
▼ + stars: | 2024-12-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump, keeping with his promise for a crypto-friendly administration, plans to nominate former SEC Commissioner Paul Atkins to head the agency, according to his Truth Social post. Currently the CEO at Patomak Global Partners, Atkins is a well-known veteran of the financial world and Republican political circles specifically. He had been widely expected to get the position as the nation's top financial market regulator. Atkins served as SEC commissioner from 2002-08, under then-President George W. Bush. Along with adopting a pro-crypto stance, the prospective nominee was critical of some of the reforms that emerged from the global financial crisis in 2008.

Persons: Paul Atkins, Donald Trump, Atkins, Gary Gensler, Trump, George W, Bush, Dodd, Frank Organizations: Patomak Global Partners, Bloomberg, Milken Institute Global Conference, SEC, Republican Locations: Beverly Hills , California, U.S

☆ Trump Picks Paul Atkins to Run the S.E.C.
▼ + stars: | 2024-12-04 | by ( Matthew Goldstein | More About Matthew Goldstein | ) www.nytimes.com time to read: +1 min

President-elect Donald J. Trump picked Paul Atkins to serve as chair of the Securities and Exchange Commission, turning to a pro-business conservative and former regulator to run the agency that is in charge of protecting investors from fraud and malfeasance on Wall Street. Mr. Trump made the announcement in a post on his Truth Social platform on Wednesday. Mr. Atkins, 66, who was an S.E.C. commissioner under President George W. Bush, is a well-known, and generally admired, figure in Washington legal circles and the securities regulatory community. commissioner ended in 2008, Mr. Atkins founded Patomak Global Partners, a financial services consulting firm.

Persons: Donald J, Trump, Paul Atkins, Atkins, George W, Bush Organizations: Securities and Exchange Commission, Republican, Democratic, Patomak Global Partners, Token Alliance, Digital Chamber of Commerce Locations: Washington

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