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☆ Trump’s social media company is exploring a crypto payment service called TruthFi
▼ + stars: | 2024-11-21 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Truth Social, the social media platform owned by President-elect Donald Trump, appears to be exploring a move into the crypto space. Trump Media & Technology Group filed a trademark application earlier this week for TruthFi, which it described as a cryptocurrency payment processing platform. It’s not clear how far along Trump Media is in evaluating a crypto payment service or whether the Trump-owned public company will ultimately launch such a platform. The trademark application illustrates the thorny conflict-of-interest issues raised by Trump’s election victory and his sprawling business empire. The trademark application for a crypto payment service comes just days after the Financial Times reported that Trump Media is in advanced talks to acquire crypto trading platform Bakkt.

Persons: Donald Trump, Trump, Gary Gensler, Gensler, Bakkt, Cantor Fitzgerald, Howard Lutnick, Lutnick Organizations: New, New York CNN, President, Trump Media & Technology Group, Trump Media, Trump, Securities and Exchange Commission, SEC, Financial Times, Liberty, Commerce Department Locations: New York, Washington, United States, Bakkt

☆ Delhi's 15 times higher than safe toxic smog levels is disrupting lives, says consulting CEO
▼ + stars: | 2024-11-21 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

AdvertisementNew Delhi reported severe levels of air pollution this week. Titus Koshy, CEO of United Consultancy Services Group, told BI his employees struggle to commute. Air pollution in India's capital, New Delhi, has become so severe that some people are struggling to commute to work. Titus Koshy, CEO of United Consultancy Services Group which has more than 150 employees, told Business Insider that the toxic smog engulfing the city had made it difficult for his staff to come into the office. AdvertisementA 2019 study by the World Bank estimated the global cost of health damages associated with exposure to air pollution to be $8.1 trillion.

Persons: Smog, Titus Koshy, Koshy, JP Morgan, Shubham Gupta Organizations: United Consultancy Services, BBC, World Health Organization, WHO, United, United States Environmental Protection Agency, Delhi's, KPMG, Cisco, Mondelēz, World Bank Locations: Delhi, New Delhi, United States, KPMG India, NCR

☆ Why Musicians Aren't Making Money: Streaming, Record Labels & TikTok
▼ + stars: | 2024-11-21 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +19 min

Music has always been a business, but streaming, TikTok, inflation, and the ballooning costs of touring have dramatically altered a musician's traditional routes to making money. But a lot has changed since streaming usurped radio play as the kingmaker of a rising musician's career. Even the hitmakers who dominate your "For You" page are getting paid "almost nothing" from TikTok, as one music exec told Billboard. 1 song on TikTok doesn't mean anything in the grand scheme of things," Tinashe's longtime manager, Simonne Solitro, explains. "That's not just me," Violet tells me, "that's literally every single artist I know."

Persons: Raye, Conrad, She'd, Taylor, Taylor Swift, Stone, You've, there's, everybody's, Donald Passman, Kevin Baird, Chris Burnett, Chuck Berry, he'd, it's, —, TikTok, Ariana Grande, JC Olivera, Justin Ayers, Club's Baird, Tayla Parx, she's, Ariana Grande's, It's, Parx, that's, Muni, who's, Rihanna, Kelly Clarkson, Alexis, Long, I'd, Rachel Chinouriri, I've, Chinouriri, Sam Halliday, Alex Trimble, Katy Cummings, Derek Crownover, Loeb, he's, Crownover, Simonne, Tinashe, Tinashe's, Simonne Solitro, Solitro, Normani, aren't Taylor Swift, Jennifer Lopez, Bad Bunny, Shirlaine Forrest, Matt Jelonek, Tessa Violet, hasn't, That's, Violet, Solitro's, Tessa Violet's, Sarah Pardini, Halsey, Adele, Sophie Turner, Florence Pugh, Pugh, jostling Organizations: Spotify, Music, Northern, Cinema, BI, Apple Music, Billboard, Apple, YouTube, BMI, Suns, TaylaMade Inc, Fifth Harmony, Parlophone, Atlas Artists, Ticketmaster, Promoters, BI Social, Capitol Music, Capitol, Columbia, Chartmetric, DMs Locations: Manhattan, British, Northern Irish, TikTok, London, Los Angeles

☆ Matthew McConaughey got so tired of playing the 'romcom dude' that he moved to Texas and rejected a $14.5 million role
▼ + stars: | 2024-11-21 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

The "Interstellar" actor rejected a $14.5 million role to star in an action comedy. In Wednesday's episode of "Good Trouble" with Nick Kyrgios, McConaughey, 55, said that saying "no" is more important than saying "yes." That was my lane, and I liked that lane, that lane paid well, and it was working," he said. The offer was originally at $8 million, but McConaughey rejected it. Warren Buffett, the CEO of Berkshire Hathaway, has been quoted as saying, "The difference between successful people and really successful people is that really successful people say no to almost everything."

Persons: Matthew McConaughey didn't, Matthew McConaughey, Nick Kyrgios, McConaughey, Joe, who's, Paul Reiser, Warren Buffett, Berkshire Hathaway, Sam Altman Organizations: Dallas Buyers, Business, Berkshire, Stanford University, OpenAI's, Business Insider Locations: romcoms, Texas, California, Hollywood

☆ Biden is scrambling to change the war in Ukraine before Trump takes over
▼ + stars: | 2024-11-21 | by ( Thibault Spirlet | Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementJoe Biden is taking last-minute measures to support Ukraine before leaving things to Donald Trump. He finally let Ukraine use US missiles to strike inside Russia and approved anti-personnel mines. These moves appear aimed at changing the war before Trump — who seems to want most to end the conflict as soon as possible — takes office. Biden, whose administration has sent billions of dollars in weaponry to Ukraine, recently lifted long-held restrictions on Kyiv's use of American-made longer-range missiles to strike targets inside Russia. And during a press briefing that same day, State Department spokesperson Matthew Miller said the Biden administration moved to forgive about $4.7 billion in US loans to Ukraine.

Persons: Joe Biden, Donald Trump, Donald Trump's, Trump, Biden, Diego Herrera Carcedo, Antony Blinken, Matthew Miller, Mick Ryan, They've, Volodymyr Zelenskyy, Ukraine's, Abrams, Mark Temnycky, Ben Friedman, Zelenskyy, Oleg Petrasiuk, Ryan, hasn't, JD Vance, Shawn Ryan, Abishur Prakash, Putin, Prakash Organizations: White, Army Tactical Missile Systems, Shadow, Brigade, Getty, State, Australian Army, White House, Washington Post, Washington, Council's Eurasia Center, Defense, 24th Mechanised Brigade, AP Ryan, Trump, Anadolu, Kyiv Locations: Ukraine, Russia, Russia's, Bryansk, Soviet, Ukraine's Donetsk, Anadolu, Russia's Kursk, Chasiv Yar, Australian, Western, Russian, Toretsk, Donetsk, Mar, Lago , Florida, Toronto, Canada, British, Ukrainian, Dnipro, Europe

☆ Ray Dalio says to understand Trump's 2nd administration, you should study how far-right governments in the 1930s worked
▼ + stars: | 2024-11-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

AdvertisementRay Dalio said Trump's approach to governance was tried by hard-right states in the 1930s. Dalio, who often publishes personal remarks on the global economy, wrote a LinkedIn commentary on Wednesday with his predictions for a second Trump administration. Advertisement"Think of Gordon Gekko and the perspective he conveyed in his 'greed is good' speech," Dalio wrote of Trump's approach, referring to Michael Douglas' character from "Wall Street," the 1987 film. Dalio wrote that he isn't saying Trump's administration would be fascist or that Trump would behave like fascist leaders. Brandon Bell/Getty ImagesTheir mission, Dalio wrote, is to "create maximum economic strength and fight foreign enemies."

Persons: Ray Dalio, Trump, Donald Trump, Trump's, Elon Musk, Vivek Ramaswamy, Gordon Gekko, Dalio, Michael Douglas, Ramaswamy, Marco Rubio, Tucker Carlson, Steve Bannon, Brandon Bell, Pete Hegseth, Elise Stefanik Organizations: Bridgewater Associates, of Government, Trump, SpaceX, Fox News, Defense Secretary, New York, United Nations, US Senate, Republican, Business Locations: United States, Washington, China

☆ ‘A lot of fear:’ Trump’s deportation proposals are already rattling workers
▼ + stars: | 2024-11-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“People are afraid of walking the streets right now; there’s a lot of fear … a lot of fear,” Sanchez said. “Shrinking worker (supply) in a period in which those sectors need more workers and are having a hard time finding workers will clearly generate a slowdown,” Peri said. Although temporary farm visas — known as H-2A — do exist, there is no legal way to have year-round foreign workers. “We know [undocumented immigrants] are working, they’re not sitting at home,” he said. “The slowing in immigration that’s broadly anticipated will probably show up in tighter labor markets for lower-skilled workers,” he said in an interview.

Persons: Donald Trump’s, Sam Sanchez, ”, Sanchez, ” Sanchez, Giovanni Peri, Peri, Ron Estrada, “, ” Estrada, farmworkers, Joe Sohm, Farmworker Justice’s Estrada, Carolinians, they’re, “ They’ve, Biden, Trump, Michael Feroli, Julia Pollak, Scott Olson, it’s, Joe Brusuelas, ” Karoline Leavitt, Vance, Joanne Eriaku, Eriaku, she’s Organizations: CNN, Chicago, Coast Hospitality Group, “, Global Migration, University of California, Davis, UCDavis, Migration Center . Business, Biden, Farmworker, North Carolina Growers Association, Congressional, CBO, JPMorgan, Republican National Convention, RSM, Trump, United Nations, UN, Social Locations: America, Mexico, Little, San Francisco, Chicago, ”, Milwaukee, Chicago’s Little, Springfield , Ohio, New York City, Uganda, Eriaku, Kenya, United States

☆ A startup making spy drones being used in Ukraine got a funding injection from NATO
▼ + stars: | 2024-11-21 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

A dronemaking startup whose equipment is being used by the Ukrainian military got a cash injection from NATO. AdvertisementThe company has said its equipment is being used in Ukraine though not which of its models were sent. Drones are used for surveillance, to carry light supplies, for targeting assistance, and as weapons. AdvertisementThe battlefield features drones from around the world, spanning cheap consumer drones, high-end military hardware, and improvised systems. A new £60 million package of military support from the UK-administered International Fund for Ukraine will provide advanced new surveillance drones to support 🇺🇦's Armed Forces.

Persons: Ukraine —, tim e Organizations: NATO, NATO's Innovation, UK Ministry of Defence, Fund Locations: Ukraine, Ukrainian, Portuguese

☆ Elon Musk just reignited his feud with Jeff Bezos
▼ + stars: | 2024-11-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in a X post on Thursday. Musk said Bezos told people that Trump would lose and they should sell their Tesla and SpaceX stock. Elon Musk has taken aim at Jeff Bezos once more, reigniting the war of words between the world's two richest people. In a X post on Thursday, Musk said that Bezos had told people to dump their shares in his companies because Donald Trump was bound to lose the presidential election. This message about Bezos is a way to give himself an excuse to legitimately do so, by saying that 'Bezos started it.'"

Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Trump, Donald Trump, ince, ould, ake Organizations: SpaceX Locations: lon, usk, ehicles,

☆ Dell pays $2.3 million to settle claims that it overcharged the US Army for computers
▼ + stars: | 2024-11-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

AdvertisementDell has agreed to pay $2.3 million to settle claims that it violated the False Claims Act. Dell and reseller Iron Bow overcharged the US Army for computers over four years, the DOJ said. Dell has agreed to pay $2.3 million to resolve allegations it violated the False Claims Act in its business with the US Army. Iron Bow has agreed to pay just over $2 million to settle the claims, bringing the combined settlement to $4.3 million. Iron Bow did not respond to a request for comment from Business Insider, made outside normal working hours.

Persons: Dell, Bow, Brent Lillard, Brandon Bell, Brian M, Boynton, Prim, Escalona, Donald Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy Organizations: Dell, US Army, DOJ, The, Justice, Army, Army Desktop, Mobile Computing, Government, Justice Department's Civil, Northern, Northern District of, Elon, " Department of Government, Business Locations: Texas, Bow, United States, Northern District, Northern District of Alabama

☆ Market Open: November 21, 2024
▼ + stars: | 2024-11-21 | 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 EmailNews Update – Market OpenCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ TGI Friday's Bankruptcy: Changing Tastes, Wall Street Crushed Chain
▼ + stars: | 2024-11-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The hundreds of TGI Fridays franchises across 41 countries are independently owned entities and, therefore, not part of the bankruptcy process. AdvertisementIf you're a TGI Fridays lover, that means you can still go to the one nearby if you want. Like companies in a similar situation, the story of TGI Fridays is one of slow decline before an accelerated crash. In addition to grappling with changing tastes, TGI Fridays has also been subject to another trend in the restaurant business: private equity financial maneuvering. It can always be Friday anywhere, not just TGI Fridays, and maybe at a better price point or nicer experience.

Persons: Ray Blanchette, Brandon Coleman III, Coleman, Weldon Spangler, It's, Jonathan Maze, Tom Cruise, Ruby, Chili's, You've, they'll, who'd, Burt, hasn't, There's, John Bringardner, Bringardner, that's, Ragini, Alicia Kelso, Kelso, TriArtisan, Hostmore, I'm, Emily Stewart Organizations: Street, Restaurant Business, Buffalo Wild Wings, NFL, Strategic Resource, — TriArtisan Capital Advisors, Sentinel Capital Partners —, Sentinel, Citibank, SEC, FTI Consulting, Creditsafe, Hooters, Business Locations: Beppo, New York, Olive, Nation's

☆ CNBC Sport: The next big media rights deal isn't in the U.S.
▼ + stars: | 2024-11-21 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +17 min

In my inaugural CNBC Sport newsletter , I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season. The company has said it intends to bid again for the Canadian media rights. In my inaugural CNBC Sport newsletter, I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season.

Persons: Alex Sherman, Rogers, Gary Bettman, Amazon's, James Gay, Rees, Paul Martin –, Wayne Gretzky, Amanda Serrano, Nakisa Bidarian, Jake Paul, Mike Tyson, Katie Taylor, Taylor, Serrano, Tyson, Paul –, Amanda, Katie, Mike, Jake, Bidarian, Amanda's, hasn't, I'm, CNBC's Jake Piazza, Lillian Rizzo, Tiger Woods, Rory Mclroy, Mike McCarley, Steve Cohen's, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, CNBC's Jess Golden, Dan Gilbert, Turner, John Tesh, LeBron James, Maverick Carter, Fulwell, Ben Winston, They'll, Peacock, CNBC's Dominic Chu, Mollie Marcoux Samaan, Marvel Entertainment Rob Steffens, Wanda Diamond, LOVB, LOVB Pro's, Michele Kang, Kang, Rob Manfred, That's, Manfred, Tomas Hertl, Thatcher Demko, Derek Cain Organizations: CNBC, CNBC Sport, Rogers Communications, NHL, National Basketball Association, National Football League, Rogers, Amazon Prime, Netflix, NFL, Amazon, Buffalo Bills, Kansas City Chiefs, CBS, Patriots, Sports Business, Golf Channel, Mike McCarley . New York Mets, Private Ventures, New, New York, WNBA, NBA's Cleveland Cavaliers, NBA, Warner Bros, Discovery, Turner Sports, U.S, ESPN, ABC, NBC, NBC Sports, SpringHill, Comcast, USA, English Premier League, NASCAR, WWE, Olympics, Marvel Entertainment, American Hockey League, Wanda Diamond League, Atwater Capital, U.S . Soccer, MLB, The Athletic, Professional Fighters League, Dubai Department of Economy, Tourism, Dubai Sports Council, PFL, San Jose Sharks, Vancouver Canucks, Rogers Arena, Sports, Reuters Locations: —, Canada, Canadian, U.S, Amazon, Europe, Salt Lake City , Utah, Mike McCarley ., Cleveland, Northeast Ohio, Atlanta , Austin, Houston, Madison, Omaha, Salt, Dubai

☆ Forget Nvidia. This is the biggest tech earnings mover of the day and Goldman sees 70% upside
▼ + stars: | 2024-11-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The sharp move higher puts the cloud-based data stock on pace for its best day ever. SNOW YTD mountain Snowflake stock headed for its best day ever on Thursday. Goldman analyst Kash Rangan reiterated a buy rating on Snowflake following its third-quarter results, and maintained his price target of $220 per share. JPMorgan, others bullish too JPMorgan Chase analyst Mark Murphy maintained an overweight rating on Snowflake stock, but increased his price target to $185 per share. The analyst reiterated his neutral rating on Snowflake stock but increased his price target to $185 per share from $160, equating to more than 43% upside moving forward.

Persons: Sridhar Ramaswamy, Goldman, Kash Rangan, Rangan, Mark Murphy, Murphy, Brad Sills, he's, Sills, Wells Fargo's Michael Turrin, Turrin Organizations: JPMorgan, Bank of America Locations: Snowflake

☆ A tiny Italian village wants to fast-track Americans unhappy with the election into buying an entire home for 1 euro
▼ + stars: | 2024-11-21 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

AdvertisementA small town in Italy is offering homes for 1 euro to attract Americans amid the recent election cycle. Ollolai's initiative is part of Italy's broader "Case a 1 euro" program started in the 2010s. There is also an option for digital nomads to work there for a month for only 1 euro. Ollolai started offering 1-euro homes in 2018, but other towns, like Sicilian commune Gangi, started giving away vacant houses in 2015. But if you don't want to commit fully to moving across the ocean, a redirect from the Ollolai website luring potential buyers offers an option for digital nomads.

Persons: Ollolai, Francesco Columbu, Columbo, Donald Trump, Ollolai isn't Organizations: Italian National Institute of Statistics, Business, CNN Locations: Italy, Sardinia, Italian, Europe

☆ Elon Musk says he's had little to do with Trump's cabinet picks — he just likes 'spending time' with the man
▼ + stars: | 2024-11-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

But the Tesla and SpaceX CEO said he's had little input on Trump's Cabinet picks. Elon Musk says he's had little input on President-elect Donald Trump's cabinet picks. He was a major contributor to Trump's campaign, spending just under $119 million on his pro-Trump political action committee, America PAC. Musk, according to multiple media reports, has joined Trump's calls with Ukrainian President Volodymyr Zelenskyy and Google CEO Sundar Pichai. Lutnick, Musk wrote in an X post on November 16, "will actually enact change," compared to another candidate, hedge fund CEO Scott Bessent.

Persons: Elon Musk, Donald Trump, he's, Musk, Donald Trump's, Haven't, Robert F, Kennedy Jr, cott, ott Organizations: SpaceX, Cabinet, New York Post, Trump's, UFC, Trump, Madison Locations: Lago, Palm Beach , Florida, usk

☆ Baidu posts 3% drop in third-quarter revenues, beating market expectations
▼ + stars: | 2024-11-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app. Baidu has promoted its Ernie chatbot as a local alternative to OpenAI's ChatGPT, which isn't available in China. "AI Cloud continued to show healthy and sustainable development in the third quarter," he said in the earnings release.

Persons: Robin Li, Ernie, Baidu, Ernie chatbot, Li, Baidu hasn't, Rong Luo, Apollo Organizations: Baidu, CNBC Locations: BEIJING, U.S, Beijing, China

☆ The Pre-Market Rundown: November 21, 2024
▼ + stars: | 2024-11-21 | 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 EmailNews Update – Pre-MarketsCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ The DOJ vs. Google: Breaking down the latest in the antitrust case and what it means for Chrome's future
▼ + stars: | 2024-11-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe DOJ has asked the judge in its antitrust case against Google to force the tech giant to sell Chrome, its massively popular browser. In August, a judge ruled Google violated antitrust laws and acted as a monopoly when it came to its search engine. Google will have a chance to respond next month with its own plan before the judge makes a ruling next year. That makes it a powerful distribution arm for Google since Chrome's default search engine is … Google. And Apple was making at least $20 billion a year by defaulting to Google Search .

Persons: Billy Bob Thornton, Trump, Elon Musk, Vivek Ramaswamy, Chelsea Jia Feng, Hugh Langley, Lara O'Reilly, Lara, Apple, Donald Trump, Matt Gaetz, Marc Rowan, Arturo Holmes, Apollo, Scott Kleinman, Jim Zelter, Morgan Stanley's, Jeff McMillan's, he's, You've, that's, Michael M, Tyler Le, Google's DeepMind, John Deere, Biden, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Justice Department, Google, Tech, Nvidia, Elon, DOJ, Microsoft, YouTube, Bloomberg, Big Tech, Trump, Getty, —, Comcast, Boston Celtics, White Locations: Los Angeles, New York, Chicago, London

☆ The DOJ wants Google to sell its Chrome browser. Here are the winners and losers if that happens.
▼ + stars: | 2024-11-21 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Justice Department on Wednesday asked the judge in its antitrust case against Google to force the company to sell its Chrome browser. "Advertisers would find competitors for their business, rather than needing to pay a dominant search engine." When you open Chrome and type something into the search bar at the top, these words are automatically transformed into a Google Search. And when there's an option for users, Google pays partners billions of dollars to set its search engine as the default. For instance, if most people click on the third result, Google's Search engine will likely adjust and rank that result higher in the future.

Persons: Mehta's, John Kwoka, Judge Mehta, Bing, There's, Bill Gurley, Sridhar Ramaswamy, Neeva, Ramaswamy, Teiffyon Parry, Equativ, Parry, Ben Thompson, John Gruber, Lee, Anne Mulholland Organizations: DOJ, Google, Department, Wednesday, Northeastern University, Chrome, Lens, Google's, Gmail, YouTube, Bloomberg

☆ Late Morning: November 21, 2024
▼ + stars: | 2024-11-21 | 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 EmailNews Update – Late MorningCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Interior designers share 7 kitchen trends that really missed the mark this year
▼ + stars: | 2024-11-21 | by ( Casey Clark | ) www.businessinsider.com time to read: 1 min

AdvertisementBusiness Insider asked interior designers which kitchen trends they didn't like this year. Excessive open shelving and tiled backsplashes were at the top of the list. Other trends, such as clear lighting fixtures and all-white kitchens, also fell short. Kitchens can be both functional and aesthetic spaces in a home, but some design options are better than others. Business Insider asked interior designers which popular kitchen trends missed the mark this year.

Organizations: Business

Donald J. Trump’s social media company is considering developing a cryptocurrency payment service, according to a trademark application filed this week, the latest sign of the president-elect’s embrace of the crypto industry. Trump Media & Technology Group filed an application on Monday for a service called TruthFi, which it described as a platform for crypto payments, financial custody services and trading in digital assets. But the initiative appears to be a bid by Trump Media to diversify its business beyond Truth Social, a social media platform whose business relies on Mr. Trump to continuously post messages to his most loyal supporters. Any large-scale crypto project would most likely require Trump Media to acquire another firm, given that it has fewer than three dozen employees. This week, shares in the crypto trading platform Bakkt surged after The Financial Times reported that Trump Media was in talks to buy it.

Persons: Donald J, Trump Organizations: Trump Media & Technology Group, Trump Media, Truth, Financial Times

☆ The Pre-Market Rundown 2: November 21, 2024
▼ + stars: | 2024-11-21 | 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 EmailThe Pre-Market Rundown 2CNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Sam Altman says there was a 'simple' reason OpenAI ditched the nonprofit approach
▼ + stars: | 2024-11-21 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

AdvertisementOpenAI shifted away from being a nonprofit to attract more capital, says CEO Sam Altman. OpenAI needed more funding to scale its AI research efforts, he said in a recent interview. OpenAI's $6.6 billion funding round came with some strings attached: it has 2 years to become a for-profit entity. Altman said that scaling its AI models was a major factor in OpenAI's eventual move toward a profit system. Scaling AI models and providing the data centers and chips necessary to train them to be smarter than the previous interaction is highly expensive.

Persons: OpenAI, Sam Altman, Elon Musk, Altman, OpenAI's, — Organizations: Harvard Business School, Harvard

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