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☆ A millennial used a little-known tax strategy to 'exchange' his rental property and sidestep capital gains taxes indefinitely. He explains the challenges and why it was worth the hassle.
▼ + stars: | 2024-11-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

AdvertisementJose Palafox used a DST 1031 exchange to defer taxes on his Portland rental sale. In the summer of 2024, Jose Palafox took advantage of a little-known tax strategy called a DST 1031 exchange, which allows investors to avoid capital gains tax on the sale of a rental property. Palafox was ready to sell his Portland rental, which had become more of a headache than a cash cow. Executing a DST 1031 exchange, in which you sell a property and reinvest the proceeds into a Delaware Statutory Trust (DST), not only allowed him to defer capital gains tax — it also released him from landlord responsibilities. To do a DST 1031 exchange, you have to be what's called an accredited investor.

Persons: Jose Palafox, Palafox, Palfox, I'd, you've Organizations: Delaware Statutory Trust, BI, DST Locations: Portland, San Francisco, Bay, Delaware

☆ Ravens vs. Chargers: John Harbaugh beats brother Jim as Baltimore overcomes Los Angeles on Monday Night Football
▼ + stars: | 2024-11-26 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —Ravens head coach John Harbaugh beat his brother and Chargers head coach Jim as Baltimore outlasted Los Angeles 30-23 on Monday Night Football. That’s the downside, but the upside or the thought is that I really thought that we’d get it,” John said afterwards. Hill's long touchdown run in the fourth quarter extended the Ravens' lead. Sean M. Haffey/Getty ImagesThe victory sees the Ravens leapfrog the Chargers in the AFC playoff standings, with Baltimore moving up to fifth and the Bolts falling to sixth. The Chargers travel to face the Atlanta Falcons in Week 13 while the Ravens host the Philadelphia Eagles.

Persons: John Harbaugh, Jim, Lamar Jackson, Mark Andrews, Rashod Bateman –, Hill, Gus Edwards, John, Jim’s, “, ’, ‘, ” John, Jackson, it’s, ” Jackson, Gary A, Vasquez, Justin Herbert, Cameron Dicker, Andrews, Bateman, Mark, Tyler, Pat Ricard, Daniel Faalele, –, Derrick Henry, Hill's, Sean M Organizations: CNN — Ravens, Chargers, Monday, Football, Ravens, Baltimore, SoFi, John’s Ravens, Jim’s San Francisco 49ers, ” Ravens, Reuters, AFC, –, JK Dobbins –, Bolts, Atlanta Falcons, Philadelphia Eagles Locations: Baltimore, Los, Angeles, Jackson

☆ 5 Democratic assumptions shattered by the 2024 election: From the Politics Desk
▼ + stars: | 2024-11-25 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

In today’s edition, senior politics reporter Alex Seitz-Wald breaks down the long-standing Democratic truisms that were challenged by the results of the 2024 elections. Here are five of the party’s core assumptions that have been challenged by the 2024 election outcome:1. Higher turnout benefits Democrats: Democrats have long taken for granted a simple truism: The more people who vote, the better for Democrats. NBC News exit polls show Trump won voters without college degrees 56%-42%, while he narrowly won voters with family incomes of $30,000 to $100,000 annually. But Trump won both the Electoral College and popular vote this year as Harris’ performance fell in those Democratic bastions.

Persons: Alex Seitz, Wald, Jack Smith, Donald Trump, Trump, Kamala Harris, Hillary Clinton, Barack Obama, Harris, Ryan J, Reilly, Ken Dilanian, Tanya Chutkan, Joe Biden, Richard Nixon, ️, ric S, ustice, ick,, Rea, lea Organizations: NBC, White House, Capitol, Democratic, Wald Democrats, Republicans, GOP, Trump, White, Republican, Electoral, Electoral College, U.S Capitol, Justice Locations: Philadelphia, Detroit, Boston, San Francisco , Los Angeles County, Cook County, Loudoun County , Virginia, Dearborn , Michigan, Lawrence , Massachusetts, Texas, Mexico, Manhattan, California, New York, Wyoming, U.S, Miami, Florida, United States

As President-elect Donald Trump’s choice to lead the CDC, Dave Weldon, a former congressman from Florida and a physician, is positioned as an important anti-vaccine ally for Robert F. Kennedy Jr., Trump's pick for health secretary. The CDC is responsible for tracking and responding to infectious diseases, developing vaccine guidelines, collecting and analyzing health data and managing public health emergencies. The CDC provides vaccine recommendations for the public, including the pediatric vaccine schedule, which is followed by schools and parents. “This puts CDC, and HHS, in the driver’s seat for determining vaccine recommendations going forward,” she said. As HHS secretary, Kennedy could replace members of the ACIP with anti-vaccine advocates who make recommendations that the CDC approves, Reiss speculated.

Persons: Donald Trump’s, Dave Weldon, Robert F, Kennedy Jr, Weldon, Kennedy, ”, Dorit Reiss, “, Donald Trump, Tim Shortt, Reuters Kennedy, Weldon ‘, Trump, wouldn’t “, Jennifer Kates, Kates, Reiss, doesn’t, ” Reiss, Dr, Peter Hotez, “ We’ve, that’s, ” Hotez, we’ve, “ Who’s Organizations: Centers for Disease Control, of, CDC, Department of Health, Human Services, Senate, U.S, HHS, University of California Law, Trump, Florida Today, Reuters, NBC News, Global Health, HIV, Democratic, Affordable, Texas Children’s Hospital, Vaccine Development, World Health Organization Locations: Florida, U.S, of Florida, Francisco, Melbourne, Fla, Texas, pertussis

Will Trump’s former defense lawyer protect the Justice Department from Trump? Justice Department attorneys now hope that Trump’s pick for the critical No. 2 position at the department — Todd Blanche, the president-elect’s defense lawyer — can help protect the department’s career civil servants from Trump. Blanche served as Trump’s lead criminal defense lawyer in the Stormy Daniels hush money case brought by Manhattan District Attorney Alvin Bragg. Incoming district attorney Nathan Hochman, who is set to take office Dec. 2, has said he needs to review the case before he makes a decision.

Persons: Todd Blanche won’t, Menendez, Will Trump’s, Mark Peterson, Matt Gaetz, Donald Trump’s, Trump, Pam Bondi, Todd Blanche, —, Blanche, Daniels, Attorney Alvin Bragg, Blanche won’t, he’s, Read, Republican Sen, Bill Hagerty, ’, Ted Soqui, Ted Erik, Lyle Menendez’s, Kitty Menendez, George Gascón, Nathan Hochman, Ding Liren, Dommaraju, Leon Watson, Magnus Carlsen, Ryan Sun, AP Saquon Barkley, Greg Rosenstein, artment of, Fr e Organizations: Trump, Department, Justice Department, Manhattan, Attorney, DOJ, of, Republican, Cabinet, Trump’s Cabinet, Los Angeles District, Beverly Hills, Incoming, NBC News, Chess, AP, Eagles, ams, Fr Locations: Florida, Trump, Southern, York, Beverly, India, China, Singapore

☆ San Francisco Mayor-elect Daniel Lurie taps OpenAI's Sam Altman and other business leaders for help with transition
▼ + stars: | 2024-11-25 | by ( Kate Rogers | In Katerog | ) www.cnbc.com time to read: +2 min

San Francisco's Mayor-elect Daniel Lurie has begun tapping tech heavyweights and business leaders to help with his goal of overhauling the city's image. "He wants to put down roots here in San Francisco. The city can't have all its eggs in one basket and needs to expand into other business sectors as well, Lurie said. "We will go recruit companies from all sectors to come back to San Francisco," Lurie said. A fully-staffed police department and 911 dispatch office will be necessary to help bring businesses and workers back to the city, Lurie said.

Persons: Daniel Lurie, Sam Altman, Ned Segal, Lurie, Levi Strauss, I've Organizations: Francisco's Mayor, London, CNBC Locations: San Francisco, Francisco

☆ We're excited to invite the country and world back, says San Francisco Mayor-elect Daniel Lurie
▼ + stars: | 2024-11-25 | 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 EmailWe're excited to invite the country and world back, says San Francisco Mayor-elect Daniel LurieCNBC’s Kate Rogers joins 'The Exchange' to discuss her sit down with San Francisco's new Mayor-elect Daniel Lurie to talk about bringing remote workers back, making the city safer and diversifying business beyond tech.

Persons: Daniel Lurie, Kate Rogers Organizations: San Francisco Mayor

☆ NFL Week 12 Sunday review: ‘Best in the league’ running back has historic single-game performance, dramatic finish in Washington
▼ + stars: | 2024-11-25 | by ( Ben Morse | ) edition.cnn.com time to read: +10 min

255 rushing yards in a game is also the ninth-most ever recorded in a single game by one player. The 27-year-old had 73 yards in the first half before exploding for a 70-yard touchdown on the second half’s first play. “My whole mantra this offseason and this season: how consistent I can be day-to-day,” he said after the game. “Whether I rush for 250 yards or I rush for 50 yards, still come in on Monday and do the same thing. Daniels did continue his historic first NFL season as he joined Washington’s quarterback, Marcus Mariota, as the only rookie quarterbacks ever with at least 250 passing yards, 70 rushing yards, two touchdown passes and a rushing touchdown in a game.

Persons: Saquon Barkley, Barkley, Derrick Henry, Los Angeles Chargers –, “, Jalen, ”, Jared Verse, he’d “, ” Barkley, Ronald Martinez, Kyren Williams, Barkley’s, Matthew Stafford, DeMarcus Robinson, Cooper Kupp, Luke Schoonmaker, Zach Ertz, KaVontae Turpin, KaVontae Turpin's, Timothy Nwachukwu, ” Turpin, Austin Seibert, Jayden Daniels, Mary, Daniels, Terry McLaurin, McLaurin, Seibert, Juanyeh Thomas, Mike McCarthy, Marcus Mariota, Patrick Mahomes, Mahomes, Noah Gray, DeAndre Hopkins –, Bryce Young’s, Chuba Hubbard, Spencer Shrader, Harrison Butker –, Grant Halverson, I’ve, you’ve, Russell Wilson, Travis Kelce, Antonio Gates, Tony Gonzalez, Jason Witten Organizations: CNN, Philadelphia Eagles, Sunday, Football, Los Angles Rams, New York Giants, Philadelphia, Eagles, Baltimore Ravens, Los Angeles Chargers, ” Eagles, ” Rams, Rams, NFC, Washington Commanders, Dallas Cowboys, Cowboys, Northwest, Washington, Chicago Bears, Dallas, ” Dallas, Washington’s, Chiefs, Kansas City Chiefs, Carolina Panthers, Panthers, Carolina Panthers Minnesota Vikings, Chicago Bears Tennessee Titans, Houston Texans Detroit Lions, Indianapolis Colts New England Patriots, Miami Dolphins Tampa Bay Buccaneers, New York Giants Dallas Cowboys, Denver Broncos, Las Vegas Raiders San Francisco 49ers, Green Bay Packers Arizona Cardinals, Seattle Seahawks Philadelphia Eagles, Los Angeles Rams Locations: Los Angeles, Landover , Maryland, Dallas, Washington, Carolina, Young

☆ CNBC TechCheck Evening Edition: November 25, 2024
▼ + stars: | 2024-11-25 | 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 EmailCNBC TechCheck Evening Edition: November 25, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

Persons: TechCheck Organizations: CNBC Locations: San Francisco

☆ San Francisco Mayor-elect Daniel Lurie on transforming the city
▼ + stars: | 2024-11-25 | by ( Kate Rogers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSan Francisco Mayor-elect Daniel Lurie on transforming the cityIn a CNBC exclusive, San Francisco's new Mayor-elect Daniel Lurie sits down with Kate Rogers to talk about bringing remote workers back, making the city safer and diversifying business beyond tech.

Persons: Daniel Lurie, Kate Rogers Organizations: San Francisco Mayor, CNBC

☆ Celebrity lookalike contests are taking over the internet. But they aren’t new
▼ + stars: | 2024-11-25 | by ( Leah Dolan | ) edition.cnn.com time to read: +9 min

It feels all the more fitting then, that amid today’s geopolitical conflicts, increasing climate catastrophes and economic uncertainties, we’re seemingly hooked on celebrity lookalike contests. But the idea of a lookalike contest is in fact a time-honored form of entertainment. Nine girls in a Fox Films and Daily Telegraph Shirley Temple lookalike contest in Sydney, Australia, October 1934. For the last 40 years, a bar in Key West, Florida has been staging an annual Ernest Hemmingway lookalike competition. Humanity isn’t fixed.”Oscar Journeaux won the Harry Styles lookalike competition on November 9 in London.

Persons: Timothée Chalamet, jostle, YouTuber Anthony Po, Oscar, ” Reed Putman, ”, Paul Mescal, Harry Styles lookalikes, Matthew Chattle, Max Braunstein, Glen Powell, Mikala Compton, Harry Styles, Dev Patel’s doppelgänger, Zayn Malik’s, Jeremy Allen White, White, Carmy, —, White’s, Daily Telegraph Shirley Temple, Charlie Chaplin, Dolly Parton, Shirley Temple, femme, Myrna Loy, Alice Faye, Katharine Hepburn, Ernest Hemmingway, Ellis Cashmore, “, Oscar Journeaux, Leon Neal, Angie Huntley, Jim Wilkes, Cashmore, ” Andy Harmer, David Beckham, Lookalikes, it’s, ” Harmer, Beckham, Victoria Beckham, Andy Harmer, Camilla Shadbolt, David, Fiona Hanson, Denise Ohnona, Kate Moss, Ohnona, Stephane Cardinale, Corbis, Manel Esteller, Harmer, Vetements, “ She’s, You’re, ” Miles Mitchell, Stefan Jeremiah, lookalikes Organizations: CNN, Washington, “, Gaelic Athletic Association, American, Statesman, USA, Marlboro Reds, Fox Films, Daily Telegraph, Mitchell Library, State Library of New, Cleveland Food, Toronto Star, Argentina, University of Barcelona’s School of Medicine, Cell, Paris Fashion Locations: Ireland, London, Austin , Texas, San Francisco, New York, Chicago, “ The, Oakland , California, Sydney, Australia, State Library of New South Wales, Hollywood, Santa Monica, Cleveland, Key West , Florida, British, Toronto, Canada, Victoria, Lancashire

☆ 2024 NFL Week 12: Sunday’s standout games and what to look out for
▼ + stars: | 2024-11-24 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

Week 12 began with the Cleveland Browns beating the Pittsburgh Steelers in snowy conditions on Thursday Night Football. It’s a bumper week of teams on bye in Week 12 with six – the Atlanta Falcons, Buffalo Bills, Cincinnati Bengals, Jacksonville Jaguars, New Orleans Saints and New York Jets – all having some time to recalibrate. San Francisco 49ers vs. Green Bay Packers – 4:25 p.m. Before Sunday’s game, Murray spoke about his time with Petzing and why it’s been so successful so far this season. ETSan Francisco 49ers vs. Green Bay Packers – 4:25 p.m.

Persons: Christian McCaffrey, Brandon Aiyuk, Nick Bosa, Kyle Shanahan’s, McCaffrey, Lachlan Cunningham, Matt LaFleur, Quarterback Jordan Love, Bo Melton, Jayden Reed, Christian Watson, Dontayvion Wicks, Shanahan, LaFleur, “, ”, ” Love, Michael Reaves, Lumen, Kyler Murray, Drew Petzing, James Conner, Trey McBride, Michael Wilson, Marvin Harrison Jr, Murray, it’s, ” Murray, there’s, Mark J, Reuters “, Mike Macdonald’s, Macdonald, Geno Smith, It’s, that’s, Jarran Reed, Steph Chambers, Saquon Barkley, Barkley, Pro Football Hall of Famers Eric Dickerson, Edgerrin James, Ezekiel Elliott, Eric Hartline, Jalen, Justin Fields, Josh Allen, Nick Sirianni, he’s, We’ve, we’re, – Cooper, – Organizations: CNN, Cleveland Browns, Pittsburgh Steelers, Atlanta Falcons, Buffalo Bills, Cincinnati Bengals, Jacksonville Jaguars, New, New Orleans Saints, New York Jets, San Francisco 49ers, Green Bay Packers, 49ers, Kansas City Chiefs, Niners, Seattle Seahawks, Packers, NFL.com, Bowl, Getty Images Arizona Cardinals, Seattle Seahawks –, NFL, The Arizona Cardinals, Cardinals, Veteran, USA, Sports, Reuters, Seahawks, Seattle, Getty, Philadelphia Eagles, Los Angeles Rams, SoFi, Eagles, Rams, Pro Football Hall of Famers, Dallas Cowboys, Sunday, Football, Buffalo, NFC, Carolina Panthers, Minnesota Vikings, Chicago Bears, Tennessee Titans, . Houston Texans –, Detroit Lions, Indianapolis Colts, New England Patriots, . Miami Dolphins –, Tampa Bay Buccaneers, . New York Giants, . Washington, Denver Broncos, Las Vegas Raiders, Arizona Cardinals Locations: New Orleans, Francisco, San Francisco, Green, Bo, Washington

☆ Rich Americans Are Buying up Old French Chateaus, Mansions
▼ + stars: | 2024-11-24 | by ( Astrid Landon | ) www.businessinsider.com time to read: +11 min

All across France, there's a glut of châteaus for sale. Plans require approval by the French minister of culture, and work must be done by designated specialists. "I decided not buying a château in France was going to be more detrimental to my health than buying one." For many French sellers, what strikes Americans as romantic has come to feel like a curse. "I live in a château," Engel reminds himself when he's feeling overwhelmed.

Persons: Mark Goff, Phillip Engel, Goff, Château Avensac, Astrid Landon, they've, Engel, Adrian Leeds, who's, Gonzague Le, Le Nail, it's, Michel Tarrible, Engel's, Abigail Carter, Carter, —, — Carter, Château de, Williams, d'Aubigny, château, he's, It's, Henrys d'Aubigny, l'Espinay, Borie, They've Organizations: YouTube, World Trade Center Locations: France, California, Gers, France —, Versailles, American, Paris, Avensac, Sonoma County, San Francisco, Canada, London , Massachusetts, New Jersey, Seattle, Agen, Brittany, Ohio, Château

Here’s what to know about the differences between the “Wicked” film and musical. Trying to fit all of the “Wicked” musical into one film would have been a “burden,” Schwartz says. “There are things that go past in lightning speed, like the two sisters,” Holzman says of the “Wicked” musical. In the musical, Elphaba arrives at Shiz as an enrolled student under strict orders to look after her sister. More details on the GrimmerieWhile most of the songs of the “Wicked” movie soundtrack are the same as the musical, “One Short Day” has a notable addition.

Persons: ”, Gregory Maguire, Glinda —, Oz, Jon M, Chu, “, Glinda, ” Chu, Stephen Schwartz, Winnie Holzman, ” Schwartz, we’ve, Winnie, ’ ” Schwartz, “ We’ve, ” Holzman, — ” Holzman, ‘, ’ ”, Schwartz, Holzman, Nessarose, Elphaba, Elphaba’s, Marissa Bode, Bode, ” Bode, Elphaba isn’t, Madame Morrible, Michelle Yeoh, —, — Idina Menzel, Kristin Chenoweth, Menzel, Chenoweth, Frank Baum’s, Ariana Grande’s Glinda, Dorothy, Dillamond, Jonathan Bailey’s Fiyero, Oz ” Organizations: Gershwin, Broadway, Shiz University, Emerald City, Lion Locations: San Francisco, Shiz, Emerald, Oz, Emerald City, Munchkinland

☆ Scenes From the Atmospheric River That Drenched California and the Pacific Northwest
▼ + stars: | 2024-11-23 | by ( The New York Times | ) www.nytimes.com time to read: +1 min

A gusty, rain-soaked storm swept through the Pacific Northwest and Northern California this week, killing at least two people and knocking out power for hundreds of thousands of customers. The dangerous weather, fueled by the season’s first major atmospheric river from the Pacific Ocean, battered the region starting on Tuesday. The storm then moved into Northern California, where it disrupted hundreds of flights, flooded creeks and drenched San Francisco. More than 90,000 customers in Washington were still without power on Saturday morning, along with about 17,000 in California. In the region north of San Francisco, which includes Napa Valley, flooding is expected to continue through Saturday.

Organizations: Pacific, Sierra Locations: Pacific Northwest, Northern California, Washington, The Seattle, San Francisco, Sierra Nevada, California, Napa

☆ I'm an engineer who left Silicon Valley for Philadelphia. I was worried about leaving the tech hub, but I love Philly's lower cost of living.
▼ + stars: | 2024-11-23 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

I found that I was clashing with the culture of Silicon Valley. I attributed that attitude to the Silicon Valley atmosphere. In Silicon Valley, you have a lot of Google people, a lot of Meta people, and, at the time I was there, a lot of Tesla people. An aerial view of Silicon Valley. The sustainability hub is in Silicon Valley, and moving to the other side of the country felt like I was separating myself from that.

Persons: Adam Fletcher, Fletcher, NerdWallet, unravels ChatGPT, I've, They're, we're, It's, There's, Philadelphia Jon Lovette, Philly Organizations: San, Philadelphia, Stanford, Applied Materials, East, Carbon, Carbon Reform, Eagles, Phillies, University of Pennsylvania, Drexel University Locations: San Francisco, East, San Francisco , California, Philadelphia , Pennsylvania, Philly, Philadelphia, Bay, Santa Clara, California, Silicon Valley, Silicon, East Coast, Rittenhouse, New York, DC

☆ Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival
▼ + stars: | 2024-11-22 | by ( Hayden Field | Hayden Field Is A Cnbc Reporter | ) www.nbcnews.com time to read: +3 min

Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. Anthropic is the company behind Claude — one of the chatbots that, like OpenAI’s ChatGPT and Google’s Gemini, has exploded in popularity. In March, Amazon’s $2.75 billion investment in Anthropic was the company’s largest outside investment in its three-decade history. The companies announced an initial $1.25 billion investment in September 2023. In September, Anthropic rolled out Claude Enterprise, its biggest new product since its chatbot’s debut, designed for businesses looking to integrate Anthropic’s AI.

Persons: Claude chatbot, Claude —, Claude, It’s, Anthropic, Jared Kaplan, Kaplan, Claude Enterprise Organizations: Microsoft, Meta, AWS, Amazon’s, CNBC, Google Locations: Anthropic, Amazon, San Francisco

Forecasters warned of more high winds headed to the battered Pacific Northwest, while an atmospheric river continued to dump heavy rain on California. The biggest risk of life-threatening floods was forecast for Thursday, but flooding will remain a threat through Friday, the weather service said. Landslides and rockslides shut down some or all traffic lanes on highways in Humboldt and Lake counties, the weather service in Eureka, California, said. Snow is on the way in New York state and Pennsylvania courtesy of “a potent upper-level low swinging over the region,” the weather service said. The area was under a winter weather warning until 4 p.m. Friday.

Persons: Justin Sullivan Organizations: National Weather Service, Police, Sutter Health, Santa, California's, New, ridgetops Locations: Pacific Northwest, California, Washington, Santa Rosa, Calif, California's Sonoma County, San Francisco, Sierra Nevada, Truckee, Oregon, Humboldt, Lake, Eureka , California, New York, Pennsylvania, New York City, New Jersey, Hudson, Johnstown , Pennsylvania, Binghamton, Ithaca

☆ The Fleeting Comforts of the Celebrity Look-Alike Contest
▼ + stars: | 2024-11-22 | by ( Amanda Hess | ) www.nytimes.com time to read: +1 min

It may be a coincidence that the celebrity look-alike competition returned to prominence just as American citizens were voting in what some called “the most significant presidential election in our lifetimes.” But once it happened, the appeal was obvious. Here was a different kind of democratic event: a totally insignificant one, in which attractive men with slightly off-kilter features were lined up in public and ranked by the roaring crowd. At the first contest, which convened a flock of Timothée Chalamet doubles in Manhattan last month, the New York Police Department showed up, deemed it an “unscheduled demonstration” and arrested four people. They are typically publicized with posters on lampposts, staged in public parks and accompanied by meager prizes. The Mescal double won 20 euro “or three pints”; the White winner received $50 and a pack of Marlboro Reds.

Persons: Trump, doppelgängers, Jeremy Allen White, Paul Mescal, Dev Patel, Harry Styles Organizations: New York Police Department, Marlboro Reds Locations: Manhattan, Chicago, Dublin, San Francisco, London

☆ California Storm Brings Record Rain and Flooding to San Francisco Bay Area
▼ + stars: | 2024-11-22 | by ( Soumya Karlamangla | More About Soumya Karlamangla | ) www.nytimes.com time to read: +1 min

A gusty storm drawing torrents of moisture from the Pacific Ocean parked itself on Friday over the San Francisco Bay Area, flooding highways and toppling power lines. Officials warned the region’s nearly eight million residents to be ready for possible floods, landslides and widespread outages. Heavy winds forced about 450 flight delays or cancellations before noon at San Francisco International Airport, according to FlightAware, a tracking website. Elsewhere in Northern California, rivers and creeks spilled over their banks after back-to-back days of pelting rain. Falling trees triggered widespread power outages, and more than 165,000 customers in Washington State remained without electricity on Friday.

Organizations: San, San Francisco International Airport Locations: San Francisco Bay, Northern California, Pacific, Pacific Northwest, Seattle, Washington State

☆ Salesforce CEO Benioff rips Microsoft's AI efforts. Here's why we're not picking sides
▼ + stars: | 2024-11-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

In the emerging AI software battle between Microsoft and Salesforce , investors do not need to pick a side. The announcements came roughly one year after the tech giant launched a suite of AI assistant tools called Microsoft 365 Copilot. Both companies leaning into AI agents is notable because Salesforce CEO Marc Benioff has not been hesitant to attack Microsoft's competing AI offerings. Salesforce stock is up 28% year to date versus Microsoft's roughly 9% gain since the start of 2024. I don't want to go against Microsoft," Jim said.

Persons: Jim Cramer, —, Marc Benioff, Benioff, who's, Satya Nadella, Nadella, They're, We've, Salesforce, Slack, Agentforce, Jim, it's, Jim Cramer's, Salesforce's Dreamforce, Justin Sullivan Organizations: Microsoft, Deutsche Bank, Club, CNBC, Getty Locations: Agentforce, Salesforce's, Mulesoft, San Francisco , California

☆ Startups that rely on Chinese manufacturers are bracing for Trump's impact
▼ + stars: | 2024-11-22 | by ( Melia Russell | ) www.businessinsider.com time to read: +8 min

AdvertisementTrump's proposed tariffs could raise costs for hardware startups making physical goods. Hardware startups rely on a host of manufacturers that are mostly based in China. When China-based manufacturers ship the final products back, the hardware startups may get hit with levees of up to 60 percent on goods from China, according to Trump's statements during his campaign. AdvertisementThe impact on startups: 'We're done here'In the aftermath of Trump's election win, euphoria is sweeping through the business world. AdvertisementHe said he's worried about the potential for Trump tariffs to spark a recession.

Persons: Donald Trump's, Nikhil Basu Trivedi, Jared Friedman, Combinator, Friedman, Graham Anderson, Marc Andreessen, Elon Musk, Bradley Tusk, Santosh Sankar, Trump's, Tim Cook, Cook, Donald Trump, Ivanka Trump, Steven Mnuchin, Mandel Ngan, Alan Deardorff, Trump, Deardorff, he'll, Lea Suzuki, Spencer Penn, Tesla, Penn, —, Chris Van Dyke's, he's, Van Dyke Organizations: Investors, Elon, Washington Post, Washington, Dynamo Ventures, Apple, Trump, Mac, Getty, Big Tech, University of Michigan, Tesla, San Francisco Locations: China, Asia, When China, Flexport, Austin , Texas, AFP, Fremont , California, Europe

☆ Amazon tries again, with another $4 billion, to get Anthropic to use its AI chips rather than Nvidia GPUs
▼ + stars: | 2024-11-22 | by ( Emma Cosgrove | Ben Bergman | ) www.businessinsider.com time to read: +5 min

The deal includes an agreement for Anthropic to use Amazon's AI chips more. The goal of all this money is mainly to get Amazon's AI chips to be used more often to train and run large language models. It's also going to help Amazon design future Trainium chips and contribute to building out an Amazon AI model development platform called AWS Neuron. The Information reported recently that Anthropic prefers to use Nvidia GPUs, rather than Amazon AI chips. In May, Bernstein analyst Stacy Rasgon told Business Insider he wasn't aware of any companies using Amazon chips at scale.

Persons: Anthropic, It's, Dario Amodei, we've, Andy Jassy, Bernstein, Stacy Rasgon, Jassy, Amodei Organizations: Amazon, Nvidia, Business, Google, — Locations: Anthropic, San Francisco

☆ Amazon to invest another $4 billion in Anthropic, OpenAI's biggest rival
▼ + stars: | 2024-11-22 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. Anthropic is the company behind Claude — one of the chatbots that, like OpenAI's ChatGPT and Google's Gemini, has exploded in popularity. In March, Amazon's $2.75 billion investment in Anthropic was the company's largest outside investment in its three-decade history. The companies announced an initial $1.25 billion investment in September 2023. In September, Anthropic rolled out Claude Enterprise, its biggest new product since its chatbot's debut, designed for businesses looking to integrate Anthropic's AI.

Persons: Claude chatbot, Claude —, Claude, It's, Anthropic, Jared Kaplan, Kaplan, Claude Enterprise Organizations: Microsoft, Meta, AWS, Amazon's, CNBC, Google Locations: Anthropic, Amazon, San Francisco

The Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. In August, a federal judge ruled that Google holds a monopoly in the search market. Last month, the DOJ indicated it was considering a breakup of Google businesses, including potentially breaking up its Chrome, Play or Android divisions.

Persons: Sherman Organizations: Justice, Google, Chrome, DOJ, Apple, Samsung, Microsoft, Android

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