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☆ These 9 'Back to the USA' stocks will get the biggest boost from an American manufacturing boom: Bank of America
▼ + stars: | 2024-09-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. He believes that the rise of the US trade deficit over the past year will likely make it a key issue for both political parties. AdvertisementAlthough the Trump administration has traditionally been linked to trade wars and more protectionist measures, Biden's administration maintained the Chinese tariffs. It will create more manufacturing jobs and boost demand for domestic companies with in the logistics and supply chain process. A September 19 research note from Bank of America suggests that this shift is set to benefit domestic small- and mid-cap stocks most.

Persons: —, Trump, Manish Kabra, Kabra, Jill Carey Hall Organizations: Service, Business, US, of, Tax, Bank of America Locations: China, Red

☆ Rate cuts are a double edged sword for Kamala Harris
▼ + stars: | 2024-09-19 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +6 min

As former President Donald Trump insists that the rate cut was fueled by partisan politics, Harris has to thread the needle with her rhetoric, experts told Business Insider. Celebrate the rate cut and she risks fueling Trump's narrative; ignore the rate cut and she doesn't get to claim a desperately needed economic victory. "This is a double edged one for Harris," Mark Blyth, a political economist at Brown University, said. Advertisement"On the other hand, Vice President Harris is running to be president of the same economy that the Federal Reserve is managing," Tedeschi told Business Insider. But Blyth remains skeptical that the rate cut will have a lasting impact in an election that's been defined by volatility.

Persons: Kamala Harris, Donald Trump, Harris, doesn't, Mark Blyth, Joe Biden's, Ernie Tedeschi, Mike Johnson, Tedeschi, Powell, Trump, Blyth, people's, they've, Danny Hayes, Thursday Harris, Dow Organizations: Service, Federal Reserve, Brown University, Yale Budget, Republicans, Wall Street Journal, Trump, Blyth, George Washington University, Business

☆ From abortion to fracking, Harris and Trump tailored their message to Pennsylvania. Why the pivotal swing state matters.
▼ + stars: | 2024-09-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

And for Trump, flipping Pennsylvania — a state he narrowly won in 2016 but lost in 2020 — would give him a broader path to winning back the White House. Trump tried to bring fracking into focusIn 2019, when Harris was running for the 2020 Democratic presidential nomination, she voiced support for a ban on hydraulic fracturing — or fracking. And recognizing the political potency of the issue, Harris on Tuesday sought to distance herself from her past comments by pointing to her record as vice president. From 1992 to 2012, only Democratic presidential nominees carried the state. In the state's Real Clear Politics polling average, Harris and Trump are both currently tied at 47.6% support.

Persons: —, Kamala Harris, Donald Trump, Harris, Trump, fracking, It's, Joe Biden's, Roe, Wade, Biden, Josh Shapiro, Chip Somodevilla, Hillary Clinton, Joe Biden Organizations: Service, Business, Trump, Democratic, US, Pennsylvania, GOP — Democrats, Biden, Democrats, Clear, Pennsylvania Convention Locations: Philadelphia, Pennsylvania, Michigan, Wisconsin, Arizona, Georgia, United States, fracking, Central, Western Pennsylvania, Philadelphia's, Johnstown

☆ America's subscription trap nightmare could be coming to an end
▼ + stars: | 2024-08-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +1 min

They include a proposal to make it easier to cancel subscriptions and memberships. They would also address bad customer service with a rule to make it easier to speak with a human. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . These rules would ensure people are not stuck paying subscriptions they don't want, losing money and time in the process.

Persons: —, Joe Biden's Organizations: White, Service, Federal Trade Commission, Department of Transportation, Consumer Financial Protection Bureau, Business

☆ Flying Is Awful, but New Ways to Fix Air Travel Are on the Way
▼ + stars: | 2024-08-12 | by ( Emily Stewart | ) www.businessinsider.com time to read: +13 min

The message to the airline industry: You've had a few too many screwups to be left to your own devices. Over the past couple of years, the Biden administration has introduced a slew of rules and services intended to make airline passengers' lives easier. The airline industry seems to be relatively on board with the refund idea. But there are plenty of other problems with the airline industry that need solving — some the government can take care of, and some the government is causing. Gallup polls suggest more Americans have a negative view of the airline industry than a positive one.

Persons: You've, Bob Mann, William McGee, Joe Biden's, Pete Buttigieg, Biden, pocketbooks, They've, Janet Bednarek, Buttigieg, —, it's, It's, Bednarek, McGee, Mann, George Ferguson, wasn't, Emily Stewart Organizations: Boeing, Delta, Department of Transportation, Airlines, American Economic Liberties, Southwest, University of Dayton, Federal Aviation Administration, Airlines for America, Biden, Bloomberg Intelligence, FAA, Gallup, Business

☆ The reshoring trade: How a nonpartisan part of the market could be investors' safe haven
▼ + stars: | 2024-08-02 | by ( Laila Maidan | ) www.businessinsider.com time to read: +1 min

Either way, fiscal spending or tax cuts will increase the deficit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt will be a guessing game from now until November as investors try to forecast which party will soon take Washington. Fiscal spending from policies passed during President Joe Biden's administration, such as the Inflation Reduction Act (IRA), CHIPS Act, and Jobs Act, means more money out. On the other hand, the potential for widened tax cuts from Republican-favored policies would mean less money in.

Persons: —, Joe Biden's Organizations: Washington, Service, Jobs, Republican, Business Locations: Washington

☆ Check your email: U.S. government is sending notes to millions about eligibility for student loan forgiveness
▼ + stars: | 2024-07-31 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Two federal judges in Kansas and Missouri on Monday at the urging of several Republican-led states blocked President Joe Biden's administration from further implementing a new student debt relief plan that lowers payments. The Biden administration is gearing up to try to forgive the student debt of tens of millions of Americans again, after the Supreme Court struck down its first effort last year. In the coming days, the U.S. Department of Education will begin emailing borrowers who may be eligible for the wide-scale loan cancellation, the department said on Wednesday. The same day the Supreme Court blocked President Joe Biden's first attempt at sweeping student loan forgiveness, he announced that the White House would try to deliver the relief another way. For his Plan B, he has directed the Education Department to pursue the regulatory process, which experts say should increase its chances of surviving the inevitable next round of legal challenges.

Persons: Joe Biden's, Biden, Harris, who've, Education Miguel Cardona, IRAs Organizations: Republican, U.S . Department, Education, Biden, Finance, Education Department Locations: Kansas, Missouri

☆ Warner Bros. Discovery is counting on deregulation to unlock media deals — if there's even appetite
▼ + stars: | 2024-07-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.

Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest

☆ There's an 'old school' corner of the stock market that looks cheap and should benefit from a coming spending boom, BofA says
▼ + stars: | 2024-07-22 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Analysts say infrastructure investments are cheap relative to the rest of the market. "AI/TMT capex beneficiaries are pricing in strong growth after a year of momentum. "AI adoption has accelerated growth in electrical, thermal, and HVAC manufacturers…But unlike TMT, these sectors haven't priced in as strong growth. As infrastructure investment has slowed, manufacturing activity has only sped up, taxing increasingly older infrastructure, and America's roads, bridges and transportation systems show it. AdvertisementThe Bank of America analysts aren't the first to point to a need for increased attention to US infrastructure and industrialization.

Persons: —, Goldman Sachs, Biden's, Savita Subramanian, Biden, aren't, Richard Bernstein Organizations: Bank of America, Service, Analysts, American Society of Civil Engineers, Republican, of America, Investment

☆ Student-loan borrowers can likely count on more debt cancellation if Kamala Harris wins the presidency
▼ + stars: | 2024-07-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

This could be good news for student-loan borrowers looking for relief. When it comes to broader student-loan forgiveness, Harris has stood behind Biden's efforts to cancel student debt. AdvertisementBiden's administration is now working toward a second attempt at broader student-loan forgiveness, which is expected to benefit over 30 million borrowers. Harris's office did not immediately respond to a request for comment from Business Insider on the higher education and student-loan forgiveness policies she might prioritize as a candidate. Beyond student-loan forgiveness, Harris has also vouched for free college and supported Sen. Bernie Sanders's College for All Act, which would make tuition free for students at community colleges and four-year public institutions making up to $125,000 a year.

Persons: —, Joe Biden, Kamala Harris, Biden, Harris, Pell Grant, Sen, Bernie Sanders's Organizations: Service, Business, Corinthian College, Education Department, Corinthian, Administration, Politico, Bernie Sanders's College, All

☆ Nvidia preparing version of new flagship AI chip for Chinese market, Reuters reports
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +3 min

Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current U.S. export controls, four sources familiar with the matter said. The AI chip giant in March unveiled its "Blackwell" chip series, which is due to be mass-produced later in the year. A version of a chip from Nvidia's Blackwell series for the Chinese market would boost the U.S. firm's efforts to fend off those challenges. Expectations are high that the U.S. will continue to keep up the pressure on semiconductor-related export controls. The U.S. wants the Netherlands and Japan to further restrict chipmaking equipment to China, sources have said.

Persons: Blackwell, Inspur, Nvidia's Blackwell, Biden Organizations: MWC Shanghai, Nvidia, Reuters, Huawei, Bloomberg News Locations: Shanghai, China, Washington, U.S, Netherlands, Japan

☆ Chip stocks try to rebound as TSMC earnings lift hopes after steep sell-off
▼ + stars: | 2024-07-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Nvidia and TSMC rose nearly 3%, while AMD and Intel rose about 1% on Thursday morning. Chip stocks tumbled Wednesday after Trump said Taiwan took "about 100% of our chip business"Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Chip stocks tumbled across the board Wednesday. Nvidia shares fell 6.62%, while TSM and AMD's shares fell almost 8% and over 10%, respectively. The rebound comes after TSMC reported strong second-quarter earnings, with a 36% year-over-year rise in quarterly profit.

Persons: TSMC, Trump, —, Donald Trump, Joe Biden's Organizations: Nvidia, AMD, Intel, Taiwan, Service, Bloomberg, Semiconductor Locations: China, Taiwan

☆ The rout in tech stocks is a 'golden buying opportunity' for investors, analyst says
▼ + stars: | 2024-07-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The recent tech sell-off is a "golden buying opportunity," according to Wedbush. The midweek rout in tech stocks was partly triggered by Trump's hawkish comments about Taiwan. But solid earnings results in the second-quarter should spark a rebound in the tech trade, Ives said. AdvertisementThe sell-off in technology stocks represents a "golden buying opportunity" for investors, according to Wedbush analyst Dan Ives. Principal Asset Management's Todd Jablonski said this tech sell-off is simply a small blip in the grand scheme of things.

Persons: Trump's, Ives, —, Dan Ives, Donald Trump's hawkish, Trump, Joe Biden's, it's, Todd Jablonski, Jablonski Organizations: Service, Bloomberg Businessweek, Nasdaq, Trump, Semiconductor Locations: Taiwan, China, Beijing, U.S, 1H2024

☆ More student-loan borrowers are getting debt cancellation through bankruptcy 2 years after Biden streamlined the process
▼ + stars: | 2024-07-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewThe Biden administration's new process to help student-loan borrowers get rid of their debt in court is working. On Wednesday, the Justice Department released an update on bankruptcy for borrowers following new guidance it released in 2022. "Our clear, fair, and practical standards are helping struggling borrowers find relief that was previously out of reach," Under Secretary of Education James Kvaal said in a statement. "This data should puncture the myth that struggling borrowers cannot discharge their student loan debt through bankruptcy," he continued. AdvertisementThe Justice Department did not immediately respond to Business Insider's request for the total number of borrowers who have received discharges through this process.

Persons: —, Biden, Education James Kvaal, Sen, Elizabeth Warren, Benjamin Mizer Organizations: Service, Justice Department, Business, Education, Justice, Department of Justice, Student Defense, Democratic

☆ Trump's VP pick Vance could have a market impact if they win—Beware Meta and Alphabet
▼ + stars: | 2024-07-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

At a February event, Vance raised concerns about Alphabet and Meta Platforms , saying that the technology behemoths have hurt tech innovation and pose potential risks to democracy. Trump would completely delegate the tech policy agenda to anyone given his personal interest in that space," Gallant wrote. "But we believe Sen. Vance would be a very important voice — perhaps decisive on some matters — in view of experience in the tech sector ... and of tech policy." Cryptocurrencies Many Wall Street analysts also expect Vance to maintain a favorable stance toward digital assets under a Trump White House. These stocks should fare well given Trump's favorable view toward digital assets, Boltansky said.

Persons: Donald Trump, Trump, J.D, Vance, Peter Thiel, Stifel's Brian Gardner, Sen, Vance's, it's, Research's Blair Levin, Isaac Boltansky, Boltansky, TD Cowen's Paul Gallant, Lina Khan, Pres, Gallant, Raymond James, Ed Mills, Cryptocurrencies, Elizabeth Warren, Stifel's Gardner, Wolfe Research's Tobin Marcus Organizations: Ohio, Yale Law School, Republican Party, GOP, Technology, Twitter, Federal Trade, Street, Trump White House, Trump, Banking, Visa, Mastercard, U.S, Republican Locations: Washington

☆ The Kremlin is pushing a MAGA talking point that Biden's administration is to blame for the Trump assassination attempt
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewThe attempted assassination of former President Donald Trump was indirectly caused by President Joe Biden and his administration, a Kremlin spokesperson said on Sunday. Related stories"The central premise of the Biden campaign is that President Donald Trump is an authoritarian fascist who must be stopped at all costs. That rhetoric led directly to President Trump's attempted assassination," Vance, a potential Trump vice presidential pick, said in an X post on Saturday. The central premise of the Biden campaign is that President Donald Trump is an authoritarian fascist who must be stopped at all costs. Trump's eldest son, Donald Trump Jr., also ripped the Democratic Party and accused them of inciting tensions before Saturday's assassination attempt.

Persons: —, Donald Trump, Joe Biden, Trump, Dmitry Peskov, Thomas Matthew Crooks, Peskov, Sen, JD Vance, Ohio, Josh Hawley, Mike Collins of Georgia, Biden, Saturday's, Trump's, Vance, — J.D, @JDVance1, Hawley, Collins, — Mike Collins, Joseph R, Donald Trump Jr, Kamala, zHNX8HuD1A — Donald Trump Jr, Putin, didn't Organizations: Service, Kremlin, Business, Secret Service, Trump acolytes, Trump, Republican, Democratic Party, Biden, St ., Economic, Business Insider Locations: Pennsylvania, Manhattan, Josh Hawley of Missouri, Afghanistan, America, Butler County , PA, Russia, St, St . Petersburg

☆ Biden's second attempt at broader student-loan forgiveness could now happen in October
▼ + stars: | 2024-07-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +1 min

The Education Department announced it plans to finalize its broader student-loan forgiveness plan in October. This means millions of borrowers could get relief weeks before the election. The department also plans to propose a separate debt relief rule for borrowers facing hardship. AdvertisementMillions of student-loan borrowers could benefit from President Joe Biden's broader debt relief plan just weeks before the election. The department's broader plan to cancel student debt — proposed after the Supreme Court struck down Biden's first attempt — is expected to be finalized in October.

Persons: —, Joe Biden's, Biden's Organizations: Education Department, Service, Business

Many young conservatives also support student loan cancellation, with 49% of Gen Z and millennial Republicans surveyed saying some or all outstanding education debt should be erased. As president, Trump called for the elimination of the U.S. Department of Education's existing loan relief programs, including the popular Public Service Loan Forgiveness initiative. He also wanted to slash the department's budget, and his administration halted a regulation aimed at providing loan forgiveness to those defrauded by their schools. He has repeatedly attacked Biden's loan relief policies, and he said in a campaign video in late 2023 that he wants to close the Education Department altogether. For critics of broad student loan forgiveness, Biden's new plan looks a lot like his first.

Persons: Joe Biden's, Ryan Walker, Walker, Gen, Z, Trump, Biden's, Biden, Andrew Bailey, Bailey Organizations: Republican, Bloomberg, Getty, Biden, Heritage Action, America, U.S . Department, Public, Education Department, Supreme Locations: Kansas, Missouri, SocialSphere, U.S, . Missouri, Arkansas , Iowa , Kansas , Nebraska, South Carolina

☆ Trump's new platform pledges to 'end inflation' and maintain the retirement age to receive Social Security and Medicare benefits
▼ + stars: | 2024-07-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

On Monday, Trump's campaign announced that the Republican National Committee adopted the former president's platform for the Republican Party. It also promised to preserve Social Security and Medicare benefits without any cuts, including no efforts to raise the retirement age to receive federal benefits. The latest Social Security and Medicare Board of Trustees report found that the program will only be able to pay out full benefits for the next 11 years , after which 83% of the benefits will be available. The platform said that "Trump has made absolutely clear that he will not cut one penny from Medicare or Social Security. American Citizens work hard their whole lives, contributing to Social Security and Medicare.

Persons: —, Donald Trump, Trump's, Trump, Joe Biden, Biden, Nobody's, Bill Clinton Organizations: Service, Republican National Committee, Republican, Business, Government, American Energy, American System of Justice, White House, Senate, Social Security, GOP, Federal, Trump, Citizens, Seniors

☆ Student-loan borrowers on Biden's new repayment plan get a win after a federal court rules that cheaper monthly payments can go into effect
▼ + stars: | 2024-07-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The legal roller coaster for millions of student-loan borrowers on President Joe Biden's new repayment plan continues. A court ruled that borrowers on the SAVE income-driven repayment plan can get the new benefits set to go into effect in July, like lower payments, for the time being after a legal challenges blocked their implementation. The Education Department did not immediately respond to a request for comment from Business Insider on the stay. This means that for now, the Education Department can continue working to implement the new SAVE provisions set to go into effect this July. For now, borrowers continue to await further guidance from the Education Department.

Persons: Joe Biden's, Persis Yu Organizations: Service, Business, Biden's Education Department, GOP, Kansas, Circuit, Education Department, Democratic, Protection, Department, Education, SAVE, Republican Locations: Kansas, Missouri

The ruling came on the final day of the Supreme Court's term that began in October. At issue in the case was whether Corner Post was too late when it brought its legal challenge. A group of small business associations had filed a brief urging the Supreme Court to maintain a strict statute of limitations that begins at the time a regulation is finalized. The Supreme Court in 2015 left in place a lower court's ruling backing the regulation. Circuit Court of Appeals upheld Traynor's decision, setting up the Supreme Court appeal.

Persons: Dado Ruvic, Charles Koch's, Joe Biden's, Dodd, Frank Wall, Daniel Traynor, Traynor's, John Kruzel, Will Dunham Organizations: REUTERS, Companies, Mastercard, WASHINGTON, U.S, Supreme, Federal, U.S . Chamber of Commerce, Federal Reserve, of Governors, District, Circuit, Fed, Thomson Locations: North Dakota, Watford City, Corner, St, Louis

Former President Donald Trump is the clear favorite when it comes to the stock market, according to the latest results of CNBC's Delivering Alpha Stock Survey. Of the 400 investors, traders and money managers polled, 67% said Trump would be better for stocks than President Joe Biden. The S&P 500 rose 68% during Trump's four years in office versus the 44% gain so far under Biden's administration. Seventy-seven percent of the survey respondents said they trusted the central bank to do right by the American economy, but 23% said they didn't trust the Fed. The 400 money managers who took the survey were evenly split on where they stand on the direction of the S&P 500 and Nasdaq.

Persons: Donald Trump, Trump, Joe Biden, there'll, we're Organizations: Alpha Stock Survey, Nasdaq, Biden, Federal Reserve

☆ Biden may let US defense contractors deploy to Ukraine, but not like in Iraq and Afghanistan: report
▼ + stars: | 2024-06-26 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewPresident Joe Biden's administration is moving toward a plan that would allow US military contractors to deploy to Ukraine for the first time in a limited capacity, CNN reported. Advertisement"The President is absolutely firm that he will not be sending US troops to Ukraine," they added. AdvertisementThey also said that the move would likely see numbers from just a few dozen, up to around 200, contractors in Ukraine at any one time. In February, European leaders balked at French President Emmanuel Macron's statement that the deployment of Western troops to Ukraine should not be ruled out. Allowing US private contractors to go to Ukraine would not be the first time that the Biden White House has crossed its self-imposed red lines regarding support for Ukraine.

Persons: —, Joe Biden's, Biden, Emmanuel Macron's, Macron Organizations: Service, CNN, Pentagon, Business, NATO, Biden White Locations: Ukraine, Iraq, Afghanistan

☆ 2 federal courts just blocked student-loan forgiveness and cheaper monthly payments under Biden's new repayment plan
▼ + stars: | 2024-06-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden's new student-loan repayment plan just got dealt two blows by federal courts. The attorneys general argued that relief was unconstitutional, among other things, and requested the relief — and the plan overall — be blocked. The ruling still preserves borrowers' abilities to enroll and make payments through the plan. AdvertisementBoth of the rulings are preliminary, and while student-loan forgiveness is blocked for the time being, courts have yet to hand down their final rulings. AdvertisementStill, these two rulings are setbacks for borrowers who were hoping to benefit from the SAVE plan that the Education Department has been touting for the past year.

Persons: —, Joe Biden's, Andrew Bailey, Mike Pierce, Judge Daniel Crabtree, Kris Kobach Organizations: Service, GOP, Business, Education Department, Missouri, Department of Education, Department, Protection Locations: Kansas, Missouri

☆ Elon Musk really wants advertisers' money. But he also wants to keep tweeting. He can't have both.
▼ + stars: | 2024-06-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

His anti-revenue campaign reached its peak/nadir last fall, when he literally told advertisers to "go fuck yourself." And that's where Musk explained that when he told advertisers to go fuck themselves last year, he didn't mean all advertisers. "It was with respect to freedom of speech," he told Read. AdvertisementMeanwhile, the exodus of big brand advertisers has pushed Twitter ad rates way, way down. And I do shoot myself in the foot from time to time," he told Read.

Persons: —, Elon Musk, Mark Read, Musk, Read, Oliver Darcy, Joe Biden's, Donald Trump, Barack Obama, Joe, Puck, there's, It's Organizations: Service, Elon, Business, Cannes, WPP, Twitter, YouTube, Facebook, CNN, Associated Press, Washington Post, Democratic Party, Republicans, Google, Media Locations: France, Mexico, Washington

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