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☆ What McKinsey says will separate the winners and the losers of Wall Street's AI race
▼ + stars: | 2024-12-09 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

McKinsey helps banks and financial institutions with their generative AI efforts. AdvertisementThe bill is coming due for Wall Street banks' AI investments. It's been two years since generative AI captured the attention and dollars of bank leaders. They amassed teams of technologists to experiment with generative AI and run proofs of concepts. Because of that, he said business leaders should bear the brunt of the accountability, rather than that responsibility falling solely on tech leaders' shoulders.

Persons: McKinsey's Larry Lerner, It's, Larry Lerner, Lerner, he's, Reusability Organizations: McKinsey, Business

☆ Meet the Press – December 8, 2024
▼ + stars: | 2024-12-08 | by ( ) www.nbcnews.com time to read: +64 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is a special edition of Meet the Press with Kristen Welker. KRISTEN WELKER:We’re going to —PRES.-ELECT DONALD TRUMP:For what they did –KRISTEN WELKER:Yeah –PRES.-ELECT DONALD TRUMP:– honestly, they should go to jail. PRES.-ELECT DONALD TRUMP:For what they did –KRISTEN WELKER:Everyone on the committee you think –PRES.-ELECT DONALD TRUMP:I think everybody –KRISTEN WELKER:– should go to jail? KRISTEN WELKER:But you --PRES.-ELECT DONALD TRUMP:I want to stop--KRISTEN WELKER:– have talked about --PRES.-ELECT DONALD TRUMP:Let me tell you what --KRISTEN WELKER:– the other world leaders. PRES.-ELECT DONALD TRUMP:We're talking about --KRISTEN WELKER:You won't touch Medicare --PRES.-ELECT DONALD TRUMP:– theft --KRISTEN WELKER:– Social Security?

Persons: KRISTEN WELKER, Donald Trump, PRES, DONALD TRUMP, Joe Biden, he’s, Carol Lee, “ Playbook ”, Eugene Daniels, Marc Short, Mike Pence, Jen Psaki, Kristen Welker, Grover Cleveland, Decker, AutoZone, it's, Covid, Justin Trudeau, Jerome Powell, Will, –, You've, Biden, who's, We're, they’re, we've, – KRISTEN WELKER, they've, should've, Tom Homan – PRES, Tom Homan, you've, I've, John McCain, Collins, would've, – it's, That's, could've, Obamacare, we're, Roe, Wade, I'm, Trump, Pete Hegseth, Kash Patel, he's, Hillary Clinton, Bill Barr, Christopher Wray, Pam, Pam Bondi, Kash, that's, Trey Gowdy, “, Joe Biden – PRES, We'll, Jack Smith, I’m, ”, Hunter, Everything's, Fani Willis, Fani, Adam Schiff, Anthony Fauci, Liz Cheney, Cheney, Bennie Thompson, We’re, – PRES, Assad, Putin, Israel wouldn't, Ukraine would've, Russia's, Ukraine's, Biden should've, Elon, Trump's, Vivek Ramaswamy, Elon Musk, You’re, couldn't, Joe, MAGA, There's, McLaughlin, Fabrizio, George Washington, Abraham Lincoln, It’s – KRISTEN WELKER, Politico Playbook, Carol, It's, CAROL LEE, Kristen, they'll, Eugene, EUGENE DANIELS, “ Bennie Thompson, Marc, Johnson's, Trump isn't, JEN PSAKI, Kamala would've, He's, she's, Jen, he'd, Vladimir Putin, Tulsi Gabbard Organizations: Capitol, NBC, Staff, White House Press, Press, Trump, Walmart, Black, Biden, Canada, Mar, Federal Reserve, Democrats, Department, FBI, Truth, Mr, NATO, SpaceX, Government, Social Security, Medicaid, Justice Department, White, Service, America, Politico, Republican, MARC, Republicans, QAnon, Dreamers, Democratic, Ukraine Locations: PRES, Washington, New York, United States, China, Canada, Mexico, Canadian, Liberty, Venezuela, Colorado, Colorado . PRES, America, United States of America, Hegseth, Russia, Hague, Florida, Mar, Damascus, Ukraine, NBCNews.com, Syria

In an interview with Kristen Welker, moderator of NBC News’ “Meet the Press,” Trump also said he’ll work to extend the tax cuts passed in his first term. Trump said he would fulfill a campaign promise to levy tariffs on imports from America’s biggest trading partners. “Well, I don’t know that you’ll see it at all,” Trump said, adding that health care experts are studying possible alternatives. Foreign policyLater Friday after the interview, Trump flew to Paris for a ceremony marking the reopening of the Notre Dame Cathedral, which had been devastated by a fire. On another foreign policy front, Trump expressed doubt that Syrian President Bashar al-Assad will be able to remain in power.

Persons: Donald Trump, Kristen Welker, ” Trump, Jan, ”, Trump’s, Trump, Welker, “, Elon Musk, Vivek Ramaswamy, “ I’m, ” He’s, Jeff Bezos, ’ Trump, Joe Biden, Adam Schiff, he’s, Biden, Pam Bondi, Kash Patel, Jack Smith, I’m, Jerome Powell, won’t, Ivanka Trump, Jared Kushner, “ I’ll, Melania Trump, flinch, ” It’s, we’ve, who’ve, “ We’re, Kamala Harris, Barack Obama, It’s, Obamacare, Emmanuel Macron, Volodymyr Zelenskyy, Zelenskyy, Bashar al, Assad, hasn’t, ‘, ” Welker, MAGA Organizations: U.S . Capitol, NBC, Press, Trump, Social Security, Amazon, The Washington Post, White, FBI, Justice Department, Truth, Federal, West Wing, Democrats, Notre Dame Cathedral, “, NATO Locations: Manhattan, California, U.S, Paris, “, Russia, Ukraine

☆ What Ultrawealthy Investors Who Want to Buy TikTok Would Do With It
▼ + stars: | 2024-12-08 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

Related Video TikTok could be banned in US after House vote"Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed, and hypothetical information, resulting in outright censorship of the American people," TikTok's statement read. With the app's uncertain future in the United States, a slate of ultrawealthy investors has expressed interest in buying the social media platform. AdvertisementHere's what those who've said publicly that they want to buy TikTok would do with the platform if they acquired the app. Advertisement"Now that the Court has spoken, The People's Bid is prepared to move forward with our bid for TikTok," McCourt's statement reads. Walmart and the software company Oracle also assembled a bid to buy TikTok in 2020, but TikTok ultimately defeated Trump's orders in court and the acquisition plans did not materialize.

Persons: they've, TikTok, Kevin O'Leary, Frank McCourt, who've, O'Leary, Steven Mnuchin, Mnuchin, Bobby Kotick, Kotick, Sam Altman, McCourt, Ellis, Donald Trump, ByteDance, Trump's Organizations: Appeals, District of Columbia Circuit, Dodgers, Business, CNBC, TikTok, Bloomberg Television, Street, Activision, Allen, Co, Kotick, McCourt Global, Liberty, Guggenheim Securities, Kirkland, Microsoft, Walmart, Oracle, Business Insider Locations: United States, China, America, Beijing, American

☆ I have not seen a stock market like this in 42 years. Here's why and how to approach it
▼ + stars: | 2024-12-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

Or, maybe the whole market has a new expectation of stocks — and, stocks are delivering on those expectations and then some. Maybe that's why it is up more than 900% for the year. Maybe that's why it is now a roughly $140 billion company. With so many other opportunities to raise money — such as private equity and venture capital firms trying to get in — the stock market almost doesn't matter. But only new supply can bring this market down because valuation has ceased to mean much for most of the market.

Persons: Victoria Valenzuela, Valenzuela, Mary Georgiadis, Georgiadis, Dawson Alyssa Harvey, Andrew Karam, That's, Friday's, It's, it's, Gary Gensler's, Donald, Joe Biden's, toolmaker Stanley Black, Decker, Stanley Black, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: APP, Securities and Exchange Commission, SEC, Constellation Brands, Club, CNBC Locations: China, Mexico

For more on the GOP agenda in the new Congress, watch CNN’s “Inside Politics Sunday with Manu Raju” this Sunday at 8 a.m. Typically, any senator can filibuster legislation, which would require 60 votes to overcome in a Senate where Republicans will hold a 53-47 majority. We know how to work with a small majority.”With the razor-thin majority, House Republicans may have an unusual amount of leverage in the typically Senate-driven process of crafting a filibuster-proof legislative package. A group of House GOP chairmen first sat down in May to plot this massive package under a potential Trump presidency, according to a person familiar with the discussions. But even some veteran Senate Republicans warned that passing two reconciliation bills will be a tall order.

Persons: Manu Raju ”, Donald Trump’s, John Thune, ”, Sen, John Cornyn, Trump’s, Trump, Jason Smith, Smith’s, shouldn’t, Smith, hasn’t, there’s, ” Smith, —, “, Mike Rounds, “ Sen, Thom Tillis, it’s, ” Sen, Cynthia Lummis, “ Jason Smith doesn’t, Andrew Harnik, Johnson, Mike Johnson, ” Johnson, Joe Biden’s, Joe Manchin, ” Lummis, Kevin Hern, ” Hern, ’, Donald Trump, Kevin Cramer, Obamacare —, GOP Sen, John Kennedy of, Andrew Clyde, ” Clyde, Susan Collins of, CNN’s Morgan Rimmer Organizations: GOP, CNN, Republicans, Capitol, Texas Republican, Trump, South, South Dakota Republican, Republican, Wyoming Republican, Senate, Budget, Social, Caucus, Republicans shouldn’t Locations: Washington, South Dakota, North Carolina, Wyoming, Washington , DC, North Dakota, John Kennedy of Louisiana, Susan Collins of Maine

☆ Elon Musk says DOGE's work will be public — legally, it has to be
▼ + stars: | 2024-12-08 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Legal experts say it is obvious that Elon Musk's DOGE falls under a federal transparency law. Musk and Ramaswamy wrote in a Wall Street Journal op-ed that they would not officially join the Trump administration. Musk has already said that DOGE is looking for staffers willing to work 80-plus hours a week for no money. Musk wrote on X. Musk is already getting to work on DOGE.

Persons: Elon, Donald Trump, Musk, Vivek Ramaswamy, Ramaswamy, Jason Arnold, Obama, Bowles, Simpson, Erskine Bowles, Sen, Alan Simpson of, Trump, William Joseph McGinley, It's, Axios, Arnold, McGinley, Tricia McLaughlin, Clinton, Hillary Clinton's, George W, Bush's, Dick Cheney, Ken Lay, John Boehner, Boehner, Marjorie Taylor Greene, Joni Ernst, Mike Johnson Organizations: Elon Musk's, Federal Advisory, Department of Government, Securities and Exchange Commission, FAA, Congress, Trump, Virginia Commonwealth University, Republicans, Democrats, Democrat, White House, Republican, Social Security, Capitol Hill, Congressional Research Service, USA, Enron, Federal, Marjorie Taylor Greene of Georgia, Capitol Locations: Alan Simpson of Wyoming, Marjorie Taylor Greene of, Iowa

One week ago, they held the 49ers to 10 points, and the 49ers put up 38 on a pretty good Bears defense Sunday. Nguyen: The Bills defense isn’t a suffocating unit but they do enough to complement Josh Allen most weeks. Penix is completely unknown to the world outside the Falcons; their coaches and players have a better feel for his readiness. The only way Penix should be promoted is if Falcons players believe he gives them a better chance to win. If he finds a fit with strong ownership, solid coaching, offensive playmakers and blockers, and a stout defense, Rodgers can make an impact somewhere.

Persons: Aaron Rodgers, Kirk Cousins, Mike Jones, Ted Nguyen, Dan Pompei, Patrick Mahomes, Joe Burrow, Jones, we’ve, Mahomes, Josh Allen, Nguyen, Matthew Stafford, blitzing Stafford, Raheem Morris, Michael Penix Jr, Cousins can’t, he’s, hasn’t, Penix, I’m, Cousins, it’s, Justin Jefferson, Ernest Jones, Geno Smith, They’ve, football’s, they’re, Bryce Young, Xavier Legette, Chuba Hubbard, Dave Canales, Rodgers, Will Levis doesn’t, Kevin O’Connell, Sam Darnold, J.J, McCarthy, Harry Organizations: Panthers, Jets, Athletic NFL, Bills, Chiefs, Rams, Buffalo, 49ers, Bears, NFL, Sunday, Falcons, NFC, Raiders, Giants, Lions, Eagles, Seahawks, Vikings, Packers, disrespected Vikings, The Seahawks, Bucs, Carolina Panthers, Bad, New York Giants, Las Vegas Raiders, Tennessee Titans, New, New Orleans Saints Locations: L.A, Baltimore, Penix, Minnesota, takeaways , Minnesota, Seattle, Carolina, New Orleans, Green

☆ Ozempic Scams, Sketchy Weight Loss Products Are Tricking Americans
▼ + stars: | 2024-12-08 | by ( Emily Stewart | ) www.businessinsider.com time to read: +18 min

For people struggling with their weight, these drugs can seem like a miracle. AdvertisementThe marketplace is awash in companies trying to ride the Ozempic wave by selling compounded semaglutide, knockoff drugs, and similar-sounding supplements. Even big-name telehealth companies are sending medications to patients without a lot of supervision. To ward off telehealth companies, Eli Lilly cut the price of Zepbound for certain patients who order directly from the company, though the drug is still pricey. She's switched providers — she's now getting her medication from Hers — and continues to shed weight.

Persons: Kelly, she's, Kelly isn't, semaglutide, Eli Lilly —, John Hertig, Jessica Bartfield, Natalia Mehlman Petrzela, Bartfield, riffing, Jane Fonda, Mehlman Petrzela, it's, She'd, Eric Feinberg, Feinberg, he's, Michael Jabbara, Jabbara, willy, Eli Lilly, they're, Anthony Mahajan, Hertig, that's, Kelly hasn't, She's, hasn't, she'll, Emily Stewart Organizations: Google, Better Business, Novo Nordisk, and Drug Administration, Butler University's College of Pharmacy, Health Sciences, NBC News, FDA, Wake, Weight Management, The New, Coalition, Novo, Visa, WHO, Health Law Alliance, —, Business Locations: Florida, WhatsApp

But now two band members are breaking their silence in a new three-part docuseries, “Ace of Base: All The She Wants,” which premiered this week on Viaplay. “What I wanted with the documentary is I wanted to tell the hardships, but I also wanted to tell how to get whole again,” Jenny told NBC News NOW’s Top Story in an exclusive interview. “When nobody believed in us.”Despite three Grammy nominations in 1995 and three times topping the Billboard Top 40 chart, Jenny said Ace of Base was never about becoming famous. We didn’t go for that money.”Ace of Base pose for a portrait, in New York City, in 1994. “I did have, like, 200 hours of film material from the early ’90s until recent days, which I actually never watched,” Ekberg recalled.

Persons: Jenny Berggren, Linn Berggren, Jonas Berggren, Ulf Ekberg —, ” Jenny, “, ” Ekberg, ”, Jenny, Catherine McGann, “ There’s, Jens von Reis, Reis, ‘, ’, Clive Davis, Clive, Lin, She’s, who’s, “ I’ve Organizations: Base, NBC, NBC News, Ace, Spotify Locations: Swedish, ”, New York City, U.S

☆ The US provided no evidence that China manipulates TikTok content inside the country, court says
▼ + stars: | 2024-12-07 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

The court that upheld a law that could ban TikTok said the US showed no evidence China manipulates content. TikTok denies content manipulation and says it expects the US Supreme Court to reverse the ban. AdvertisementThe appeals court that upheld a law that could ban TikTok in the United States said the government offered no evidence that China is manipulating content on the platform in the United States. The court concluded that Bytedance and TikTok have "a demonstrated history" of manipulating content in other countries, sometimes at the request of China. Advertisement"That conclusion rests on more than mere speculation," the judges wrote in the court opinion.

Persons: TikTok, Joe Biden, Jake Auchincloss, Mike Flood Organizations: Court, District of Columbia, China's Communist Party, Democratic Massachusetts, Chinese Communist Party, Republican Nebraska Rep, Oracle Locations: China, United States, American, People's Republic of China, Romania

SEOUL, South Korea — Lawmakers in South Korea are set to vote Saturday on whether to impeach President Yoon Suk Yeol after he plunged the country into chaos by declaring emergency martial law only to lift the order hours later under intense pressure from lawmakers and the public. Biden administration officials said they were not notified in advance that Yoon would declare martial law. South Korea is facing significant political turmoil after Yoon declared martial law, only to lift the order hours later. Ezra Acayan / Getty ImagesThe U.S. relationship with South Korea “transcends any particular president or government on both sides of the Pacific Ocean,” State Department deputy spokesperson Vedant Patel said Thursday. A martial law proclamation issued after Yoon’s address banned all political activity, including demonstrations, and censored the news media.

Persons: Yoon Suk, Yoon, Han Dong, “, Ezra Acayan, Lee Jae, myung, ”, Lee, Biden, Vedant Patel, Kim Yong, Kim, Lee Sang, Han, Han Duck, Eun, ” Stella Kim, Jennifer Jett Organizations: South Korea — Lawmakers, People Power Party, Police, Yoon’s People Power Party, Democratic Party, U.S, Korea Nuclear Consultative Group, ” State Department, National Assembly, South Korean, Ministry of National Defense, Military, Supreme, National Intelligence Service, Dickey Center, Dartmouth, “, Constitutional Locations: SEOUL, South Korea, Seoul, U.S, Korea, Washington, North Korea, China, Russia, Hong Kong

☆ Village People front man says ‘YMCA’ isn’t a gay anthem – and he’ll sue anyone who disagrees
▼ + stars: | 2024-12-06 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +4 min

is somehow a gay anthem,” Willis, who wrote the lyrics for the 1978 hit, said on Facebook on Monday. “As I’ve said numerous times in the past, that is a false assumption based on the fact that my writing partner was gay, and some (not all) of Village People were gay, and that the first Village People album was totally about gay life. It is not.”The song, from the band’s third studio album, “Cruisin,’” has spent years as an informal anthem of the LGBTQ community. Willis said that when writing the song he had no idea that the YMCA was “a hang out for gays.”He said: “I therefore wrote Y.M.C.A. is somehow a gay anthem because such notion is based solely on the song’s lyrics alluding to elicit activity for which it does not.

Persons: ” Victor Willis, Jacques Morali, “ There’s, ” Willis, I’ve, ’ ”, Donald Trump, Elon Musk, Lago, Michael Ochs, Willis, Association –, ”, “ Organizations: CNN, “ YMCA, Facebook, People, YMCA, Casablanca Records, Michael Ochs Archives, ABBA, Foo Fighters, Trump, Young Men’s, Association Locations: ”, Mar, London, San Francisco

☆ Court upholds TikTok ban in US
▼ + stars: | 2024-12-06 | by ( Kenneth Niemeyer | Dan Whateley | ) www.businessinsider.com time to read: +4 min

The case is likely to be appealed to the Supreme Court, and once in office, President-elect Trump may also intervene. A three-judge panel from the US Court of Appeals for the District of Columbia Circuit ruled on Friday that a law designed to force a TikTok sale or ban is constitutional. After today's ruling, TikTok is likely to appeal the decision, and it may end up in front of the Supreme Court. If the Supreme Court upholds its constitutionality, TikTok may have a final savior in President-elect Donald Trump. Both strategies may be tough to defend against a legal challenge, particularly if the Supreme Court rules against TikTok.

Persons: Trump, TikTok, Donald Trump, ByteDance, John Moolenaar Organizations: Appeals, District of Columbia Circuit, Foreign, Apple, Google, ByteDance, Chinese Communist Party, National Intelligence, CCP, Department, TikTok, Rep Locations: China, United States

☆ Mark Cuban says that if it weren't for his teens, he wouldn't know what 'skibidi' means
▼ + stars: | 2024-12-06 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

Social media may feel like unchartered territory to some parents — but Mark Cuban is leaning in. Social media is an integral part of their lives, he added. Referring to himself as a "tech guy," Cuban said he tries to understand how social media algorithms influence his kids' lives. Cuban is not alone in using social media as a tool of connection. They watch social media content together and have discussions about them.

Persons: Mark Cuban, —, Cuban Organizations: Cuban

☆ Why we’re addicted to ‘silent reviews’ on TikTok
▼ + stars: | 2024-12-06 | by ( Gina Park | ) edition.cnn.com time to read: +6 min

Since October 2023, online content creators such as Santulli have been filming these “silent reviews,” sharing their opinions of makeup, skin care, books and other products without speaking a word. Pretending to sign a check in the air is a nonverbal way to ask your waiter for the bill. But silent reviews are bringing back nonverbal communication, even if it’s in a more exaggerated form. It’s also a bit of a game to generations jaded by traditional advertising and reviews, according to Riggio. “They really are able to make subtle changes that make a difference,” Paul said of the content creators who use silent reviews.

Persons: Izzy Santulli, Instagram, ” Santulli, ”, Diane Paul, ” Paul, furrowed, Ron Riggio, It’s, Paul of, Paul, “ Organizations: CNN, James Madison University in, Claremont McKenna College Locations: James Madison University in Virginia, California

WASHINGTON — Tech billionaire Elon Musk and conservative activist Vivek Ramaswamy on Thursday began in-person discussions with congressional Republicans about ways they could slash federal spending and regulations once President-elect Donald Trump takes office. Musk and Ramaswamy traveled to Capitol Hill for a series of meetings with House and Senate members. Musk has repeatedly faced questions about potential conflicts of interest in advising on the federal budget. Musk and Ramaswamy are seeking individuals with business backgrounds with an interest in “gutting bureaucracy” to fill those roles. Musk has shown a willingness to consider cuts to some of the federal government’s most popular programs including Social Security.

Persons: Elon Musk, Vivek Ramaswamy, Donald Trump, Trump, Ramaswamy, Mike Johnson, Musk, Sen, Thom Tillis, ” Tillis, Tillis, I’d, ”, “, Mike Lee, John Thune, Eric Schmitt, Shelley Moore Capito, Elon, Vivek, Ro Khanna, Harry Truman, Brendan Boyle, … Trump, ” Boyle, Obama, DOGE, Zach Mallove, Patty Murray, Mallove Organizations: WASHINGTON — Tech, Ramaswamy, Capitol, Department of Government Efficiency, Social Security, SpaceX, Trump White House, Trump, PAC, America PAC, Federal, Commission, Republican, Defense Department, NASA, Rivian, Peterson Foundation, Capitol Hill, Management, NBC News, Republicans, Truman, GOP, “ Republicans, ”, “ Locations: Trump, Pennsylvania, U.S, Utah

☆ Bill Gates says 2024 was a big step for climate tech like green steel, and now is the time for VC to snag 'garage' innovators
▼ + stars: | 2024-12-05 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

AdvertisementBill Gates said 2024 brought a corporate "pivot" toward climate tech, in a foreword to a new report. While new climate tech emerges, proven solutions like solar energy still need help proliferating. It's not the only VC firm seeing large corporations lean into climate tech more, though. AdvertisementVC can 'prime the pump' on garage innovatorsLots of futuristic climate tech just needs the funding to deploy and scale up, Gates wrote. AdvertisementIndeed, Biden administration initiatives have boosted climate tech in recent years including the Inflation Reduction Act, the Bipartisan Infrastructure Law, and the CHIPS and Science Act.

Persons: Bill Gates, VCs, unravels ChatGPT, There's, Gates, CHARLY TRIBALLEAU, Aisling Carlson, Carlson, Greentown, Foley, Jeff Gritchen, Martin Meissner, Biden, Trump Organizations: Energy, Sublime Systems, Breakthrough Energy, American Airlines, Airlines, Getty, BASF, MediaNews, Orange, EV, Infrastructure Law, Breakthrough Locations: Arkansas, AFP, Coronado Pointe, Laguna Niguel , California, Haltern, Germany

☆ The Democrats who aren't writing off Elon Musk's DOGE
▼ + stars: | 2024-12-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

AdvertisementMost Democrats aren't interested in Elon Musk and Vivek Ramaswamy's "DOGE" initiative. "Musk is a narcissist, a grifter, and a self-serving plutocrat," said Democratic Rep. Greg Casar of Texas. "I don't have my hopes up that Elon Musk is going to do anything other than really awful, stupid, self-serving stuff." AdvertisementRep. Jared Moskowitz is joining the DOGE caucus — but has no interest in serving on the DOGE subcommittee. Related stories"If Musk is going to help bring accountability to defense contractors, that's something that Democrats should welcome," said Khanna.

Persons: aren't, Elon Musk, Vivek Ramaswamy's, Greg Casar, Ramaswamy, Musk —, Donald Trump, —, Ro Khanna, Sen, Bernie Sanders of, Jared Moskowitz, Moskowitz, Trump, that's, Tom Williams, Getty Images Khanna, Khanna, Alexandria Ocasio, Cortez, Sanders, hasn't, There's, Musk, Barack Obama, Democratic Sen, Tina Smith, Marjorie Taylor Greene Organizations: Elon, Republicans, Department of Government, Democratic, DOGE, California, Democrat, of Homeland, Federal Emergency Management Agency, Service, Getty Images, SpaceX, Consumer Financial Protection Bureau, Congress, Republican Locations: Texas, Bernie Sanders of Vermont, Florida, United States, Alexandria, Cortez of New York, Vermont, Marjorie Taylor Greene of Georgia

☆ Here's what some of the world's most powerful people have to say about Elon Musk
▼ + stars: | 2024-12-05 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

While Elon Musk was not in attendance, he was the most-talked-about person there. Here's what business leaders and politicians had to say about the richest person on Earth. Several masters of the universe convened on Wednesday, and they had one name on their lips: Elon Musk. At the annual New York Times DealBook Summit, the world's richest man was a topic of conversation among his fellow billionaires, CEOs, and political elite. "It would be profoundly un-American to use political power, to the degree that Elon has it, to hurt your competitors and advantage your own businesses," Altman said.

Persons: Elon Musk, Andrew Ross Sorkin, Musk, Donald Trump, Ken Griffin, Tesla, Griffin, Sam Altman, Altman, Elon, Jeff Bezos, Trump, Bezos, Sundar Pichai, Jerome Powell, Bill Clinton —, Powell, Clinton, Volodymyr Zelenskyy Organizations: New York Times, Summit, New York Times DealBook, Department of Government, SpaceX, Trump, Ukrainian

☆ Mark Cuban: This will 'be the No. 1 housing affordability issue' in the U.S.—Florida especially will have 'huge problems'
▼ + stars: | 2024-12-05 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

"Home insurance in areas hit by repetitive disasters is going to be the number one housing affordability issue over the next 4 years. On average, you'll pay $2,304 per year for a policy with $300,000 in dwelling coverage, according to Bankrate, a 17% increase from January 2022. You'll pay more if you have a trampoline or a pool, for instance, both of which boost the odds of injury at your home. You'll pay more if there is a higher likelihood that you'll make a claim to repair a home damaged by weather. What to do to combat rising home insurance costs

Persons: Mark Cuban, Harris, Walz, Nathan Posner, you've, Shannon Martin, Bankrate, Martin, Leslie Kasperowicz Organizations: Anadolu, Getty, Nebraska Locations: Atlanta , Georgia, United States, Florida

☆ Sam Altman, AI’s biggest star, sure hopes someone figures out how not to destroy humanity
▼ + stars: | 2024-12-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Altman, the 39-year-old venture capitalist and CEO of OpenAI, was speaking with journalist Andrew Ross Sorkin at the New York Times’ Dealbook Summit on Wednesday. “I have faith that researchers will figure out to avoid that,” Altman replied. “I think there’s a set of technical problems that the smartest people in the world are going to work on. We have this incredible piece of science called deep learning that can help us solve these very hard problems.”Ah, yes. And ExxonMobil will solve the climate crisis…Look, it’s hard not to be charmed by Altman, who did not respond to a request for comment.

Persons: CNN Business ’, Sam Altman, he’s, Let’s, Altman, Andrew Ross Sorkin, prepper, Sorkin, “ superintelligent, ” Altman, “, ”, it’d, Clare Duffy, Elon Musk, Donald Trump’s, Elon Organizations: CNN Business, New York CNN, Barnum, New York Times, ExxonMobil, Israeli Defense Force, New Yorker, US State Department Locations: New York, “, California, Big Sur

If you ever find yourself taking a meeting with Jeff Bezos, don't expect the billionaire Amazon founder to speak first. When Bezos conducts meetings, he instructs everyone to speak in reverse order of seniority, starting with the most junior person there. Bezos only speaks up in the middle of meetings in the "very rare case" that he has an unwavering opinion on a topic, he said. "Most of the meetings that are useful — we [hand out] six-page memos, we do half-hour study hall [where] we read them, then we have a messy discussion," Bezos said. "I am very skeptical if the meeting's not messy."

Persons: Jeff Bezos, Bezos, I'm, who's Organizations: Amazon, The New York Times

Key credit card terms to knowYour ability to manage your credit cards responsibly will depend on how well you understand the terms of your credit cards and how credit scores are calculated. And, for the record, you can't pay a credit card with another credit card. How to maximize credit card benefitsEarning and redeeming rewardsTo get the most out of your credit card benefits, choose a card that aligns with your spending habits. You can also consider taking advantage of credit card balance transfer offers to manage high-interest credit card debt. Building credit history with your credit cardYou can build credit by using your credit card to make small, manageable purchases and pay them off consistently.

Persons: It's, Grace, you'll, Meghan Hunter Meghan Hunter, Guy, she's, Meghan, Read Organizations: trave, Chevron, Finance Locations: Portugal

☆ South Korea's Yoon names new defense minister after botched martial law
▼ + stars: | 2024-12-05 | by ( ) www.cnbc.com time to read: +1 min

South Korean President Yoon Suk Yeol has accepted the resignation of Defense Minister Kim Yong-hyun and nominated his ambassador to Saudi Arabia, Choi Byung-hyuk, as new defense minister, Yonhap news reported on Thursday. Kim has been reported as having advised Yoon to declare martial law on Tuesday, which was lifted after a parliament vote demanding Yoon reverse it. Parliament introduced a motion early on Thursday to impeach him over the botched attempt to impose martial law, but his party vowed to oppose the move, throwing the process into doubt. The main opposition Democratic Party has called Yoon's martial law attempt a treasonous act, and its lawmakers could lead a vote for the bill as early as Friday. U.S. officials said they were caught completely off guard by Yoon's martial law declaration, which Deputy Secretary of State Kurt Campbell said was "badly misjudged."

Persons: Yoon Suk Yeol, Kim Yong, Choi Byung, Yoon's, Choi, Chung Jin, suk, Yonhap, Kim, Yoon, Kurt Campbell Organizations: South, Democratic Party Locations: Saudi Arabia

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