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☆ Trump is stacking his White House roster with uber-rich backers
▼ + stars: | 2024-12-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

The richest by far is Elon Musk, whom Trump has tapped to co-lead a bespoke advisory group tasked with slashing purported government waste. The nonprofit Americans for Tax Fairness last month estimated that the average net worth among Trump, Vice President-elect JD Vance and his top appointees is $616 million. For comparison, Forbes estimated the total net worth of President Joe Biden's entire Cabinet at $118 million. The same day, he chose billionaire CEO Jared Isaacman to head NASA. Trump also has picked billionaire Massad Boulos, the father-in-law of Trump's daughter Tiffany, as a top Middle East advisor.

Persons: Donald Trump, Elon Musk, Donald Trump's, elect's, Trump, Vivek Ramaswamy, Musk, JD Vance, Joe Biden's, Warren Stephens, Stephen Feinberg, David Sacks, Kelly Loeffler, Jared Isaacman, Charles Kushner, Trump's, Jared Kushner, Howard Lutnick, Linda McMahon, Scott Bessent, Massad Boulos, Tiffany, Mehmet Oz, Oz, Sen, John Fetterman Organizations: SpaceX, Republican, Elon, Government, Forbes, Trump, Capitol, Small Business Administration, NASA, Commerce, WWE, Education, Medicare, Medicaid Services, New York Times, U.S, Senate Locations: Brownsville , Texas, U.S, France, Pennsylvania

☆ I launched a startup after pivoting my career in my 40s. Here's what I've learned about securing investment from big names like Uber.
▼ + stars: | 2024-12-08 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

She shared how they raised $11 million in grants and investment from prominent investors like Uber. AdvertisementThis as-told-to essay is based on a transcribed conversation with Tiya Gordon, 45, the founder of electric charging startup It's Electric. Although my career was in design, I pivoted and cofounded a climate tech startup called It's Electric in 2022. We had to prove that a simple solution could be effective. Our work on this pilot was so successful that EDC launched a brand new program based on our pilot.

Persons: Tiya Gordon, Gordon, Uber, Gabrielle Wesley, We're, we've, We'd, we're, It's Organizations: It's, New Yorker, Mars, America, Hyundai, EV, New, New York City Economic Development Corporation, Brooklyn Army, EDC, Nordic, Failup Ventures Locations: Brooklyn, New, Mars Wrigley, Sharpie, We're, London, New York City

☆ Uber will offer robotaxi rides in Abu Dhabi through partnership with WeRide
▼ + stars: | 2024-12-06 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: 1 min

Uber and WeRide are partnering to offer robotaxi service in Abu Dhabi. Uber is partnering with China's WeRide to offer autonomous vehicle rides in Abu Dhabi, the companies announced on Friday. To start, each WeRide robotaxi that's hailed via the Uber app will come with a human driver present "to ensure a secure and reliable experience for riders and pedestrians," Uber said in a press statement. They aim to offer a fully driverless commercial service later in 2025 in Abu Dhabi. It's listed on the Nasdaq and also holds permits for driverless vehicle testing, or both testing and operations, in Dubai, China, Singapore and the U.S., per its website.

Persons: China's WeRide, robotaxi that's, Uber Organizations: Uber, Zayed International Airport, Nasdaq Locations: Abu Dhabi, Yas, Dubai, China, Singapore, U.S

☆ Trump picks David Sacks as the White House's AI and crypto czar
▼ + stars: | 2024-12-06 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

AdvertisementTrump appoints David Sacks as White House artificial intelligence and crypto czar. Sacks, a former PayPal COO, co-founded Craft Ventures and invested in major tech firms. He's closely linked to Elon Musk, Peter Thiel, and other tech entrepreneurs. President-elect Donald Trump has named David Sacks as his White House artificial intelligence and crypto czar. Related VideoThe entrepreneur served as chief operating officer for Elon Musk and Peter Thiel's PayPal and co-founded venture fund Craft Ventures in 2017.

Persons: Trump, David Sacks, Sacks, Elon Musk, Peter Thiel, Donald Trump, Peter Thiel's PayPal, Palantir, Airbnb, David Organizations: White, PayPal, Craft Ventures, SpaceX, Trump, NATO, Big Tech Locations: Ukraine, America

Tarrio said he knew there was an investigation into the burning of the Black Lives Matter banner and planned to get arrested to draw attention to himself and the Proud Boys. “I confessed” and challenged law enforcement to “come arrest me,” Tarrio testified, denying it was a hate crime. Tarrio testified that Lamond was not a member of the Proud Boys but that he couldn’t remember whether Lamond told him he supported the group. Tarrio also said he would not speak about the Proud Boys’ being in Washington on Jan. 6. Tarrio eventually conceded that he was sure Proud Boys were in Washington and confirmed that he had been convicted of seditious conspiracy.

Persons: WASHINGTON —, Enrique Tarrio, Tarrio, Shane Lamond, Lamond, ”, Elizabeth Hadley, Joe Biden’s, Ronald Reagan, “, messaged, —, ” Tarrio, Amy Berman Jackson, “ I’m, It’s, ” Jackson, Jackson, “ We’ll, “ You’re Organizations: WASHINGTON, Proud Boys, D.C, Prosecutors, FBI, Boys, Washington, Trump, Ronald Reagan Washington National Airport, of Prisons, Union Station Locations: Washington, Miami, Ronald Reagan Washington, Virginia, Alexandria , Virginia, Tarrio, U.S, Union

Hearing from Honeywell: Honeywell CEO Vimal Kapur on Thursday spoke publicly for the first time since activist investor Elliott Management initiated a more than $5 billion stake in the industrial conglomerate and called for a break up of the company. On Thursday, Waymo said it plans to launch its robotaxi service in Miami in 2026 through its Waymo One app. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, We've, Vimal Kapur, Elliott, Kapur, Goldman Sachs, Bombardier's, It's, it's, LeBron James, Waymo, Jim, Sundar Pichai, doesn't, Hewlett, Dow Jones, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Ball Corporation, Honeywell, Elliott Management, Materials Conference, Bombardier, LeBron, San Francisco, Hewlett Packard Enterprise, Jim Cramer's Charitable Locations: Tesla's, Nucor, Beach, Miami, Austin, Atlanta, Los Angeles, U.S, Waymo, Phoenix, San Francisco

☆ Uber and Lyft drop on news Waymo is expanding to Miami
▼ + stars: | 2024-12-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUber and Lyft drop on news Waymo is expanding to MiamiThe 'Fast Money' traders talk recent moves in ride sharing stocks as Waymo announces its expanding.

Organizations: Miami The, Waymo

☆ Scared your partner is cheating? Strangers on the internet are here to help — for a fee
▼ + stars: | 2024-12-05 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +7 min

AdvertisementSome people are turning to "loyalty tests" to check if their partners are cheating. One woman who paid to test her partner told Business Insider she wished she had used the service sooner. 'Loyalty tests' are on the riseVideos about loyalty tests started going viral online around 2021, and they all followed a similar blueprint. In that sense, conducting a loyalty test against your partner can be a betrayal in the same way that cheating is. AdvertisementBejar does think there are some situations where a loyalty test could be helpful, though, particularly in an abusive relationship.

Persons: Landis, AisleTalk, Ari, I've, Lazo, Ashlyn Nakasu, Nakasu, Brandan Balasingham, Balasingham, Bejar, that's Organizations: Loyalty, BI

Waymo said it will first begin cruising through the Florida city with human safety drivers in 2025 before opening doors to riders for its robotaxi service through its Waymo One app in 2026. Waymo closed a $5.6 billion funding round in October to expand its robotaxi service across the U.S. The robotaxi company said it now sees more than 150,000 paid rides per week via the Waymo One app across San Francisco, Phoenix and Los Angeles. Waymo is the only autonomous vehicle developer that currently operates a commercial robotaxi service in several major metro areas across the U.S., but competitors are looming. In an October earnings call, Tesla CEO Elon Musk said the company will launch a self-driving ride-hailing service in California and Texas as early as 2025.

Persons: Waymo, Uber, Moove, Andreessen Horowitz, Perry, Rowe Price, Tesla, Elon Musk Organizations: Sunshine State, Phoenix, U.S, Google, Fidelity, Tiger Global, GM, Cruise Locations: Miami, Florida, U.S, Los Angeles, Los Angeles County, Phoenix, San Francisco, Austin, Atlanta, Silver, California, Texas

☆ 'Dynamic pricing' was a top contender for word of the year. Here's why it got consumers so worked up in 2024
▼ + stars: | 2024-12-04 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Also in an interview this fall, Robert Smith, the lead vocalist and guitarist for the Cure, said dynamic pricing is "driven by greed," calling the practice a "scam." However, with so many recent high-profile tours, "for sure, dynamic pricing has surged to the forefront of concert goers' attention," he said. Throughout the 21st century, revenue from recorded music has gone down while revenue from live music events has gone up. In 2011, Ticketmaster first introduced an early version of dynamic ticket pricing, which is now the standard for live music ticketing sales. "The live music industry is constantly leaving money on the table that fans would pay.

Persons: Taylor Swift, Gareth Cattermole, Jay Marciano, Robert Smith, Joe Bennett, Alan Krueger, Bennett, it's, Matt Schulz, LendingTree's, Schulz, Greg McBride Organizations: Istock, Ticketmaster, Oasis, North, Scottish Gas Murrayfield, Getty, AEG, Andrew Mall, Northeastern University —, Berklee College of Music, Bread Financial, Bankrate.com Locations: Edinburgh, Scotland, Wales, England, Statista, YOLO

☆ Final Trades: Uber, Workday, EQT Corp and the IYF
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Uber, Workday, EQT Corp and the IYFThe Investment Committee give you their top stocks to watch for the second half.

Organizations: EQT Corp, Investment

☆ Calls of the Day: Uber and Apollo Global
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Uber and Apollo GlobalThe Investment Committee debate the latest Calls of the Day.

Organizations: Apollo Global, Investment

☆ DOGE just got a new hire
▼ + stars: | 2024-12-04 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +1 min

AdvertisementTrump announced that William Joseph McGinley will serve as counsel to DOGE. McGinley is DOGE's first reported hire, and Musk and Ramaswamy have encouraged everyday Americans to apply. Musk and Ramaswamy, DOGE co-heads, said they want to staff the commission with "small-government crusaders." President-elect Donald Trump announced Wednesday a new hire for the Department of Government Efficiency: William Joseph McGinley as the commission's counsel. AdvertisementThe DOGE co-heads have said they want to cut $2 trillion from the federal budget.

Persons: William Joseph McGinley, McGinley, DOGE's, Ramaswamy, DOGE, Donald Trump, Elon Musk, Vivek Ramaswamy, Marc Andreessen, Uber, Travis Kalanick, Ramswamy Organizations: Trump, Department of Government, Twitter, Musk

☆ 3-Stock Lunch: Chipotle, Uber & Oracle
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Chipotle, Uber & OracleNancy Tengler, Laffer Tengler CEO, joins 'Power Lunch' to discuss trades for three stocks.

Persons: Oracle Nancy Tengler, Laffer Organizations: Oracle

☆ Former Meta exec says the company's failed crypto project was '100% a political kill' by regulators
▼ + stars: | 2024-12-02 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +6 min

An ex-Meta exec in charge of the company's crypto Libra, later renamed Diem, says its shutdown was political. Meta's former head of its Libra project says roadblocks from regulators effectively shut down the company's cryptocurrency effort — and the way he sees it, it was "100% a political kill." AdvertisementLibra was a stablecoin digital currency project announced by Facebook in 2019 to provide financial services to billions of "unbanked" people around the world. AdvertisementMeta CEO Mark Zuckerberg testified before Congress about the company's financial services plans a few months after Marcus. Zuckerberg said during his appearance before lawmakers that Facebook would drop out of the Libra project if it didn't gain the approval of US regulators.

Persons: Diem, David Marcus, —, Libra, Marcus, Jerome Powell, Jay Powell, Janet Yellen, wasn't, Sen, Sherrod Brown, Brian Schatz, Mark Zuckerberg, Zuckerberg, Donald Trump, Benoit Coeure, I'm, Meta's, that's, Lightspark Organizations: Meta, Diem Association, Facebook, Libra Foundation, Mastercard, PayPal, Uber, Spotify, Bank, Banking Committee, Financial, Diem, US Treasury, Business, Fed, Libra Association, Visa, European Central, U.S ., Cambridge

☆ I got a bad performance review at work and lost 15 pounds. It was stressful, but I learned how to avoid it in the future.
▼ + stars: | 2024-12-02 | by ( ) www.businessinsider.com time to read: +6 min

AdvertisementA poor performance review at work led to significant stress and weight loss for the author. Like, really, really stressed out, all because of a bad performance review. AdvertisementMy first poor performance reviewAfter years of working in tech, I received my first poor performance review. I continued to ask for supporting evidence for the poor performance review but never received a digestible answer. A bad performance review, which can obstruct impending promotions and team transfers at best and be job-threatening at worst, is often not standardized.

Persons: would've, —, I've, I'm, they've, Sandra Milosevic

☆ Luxury chalet buyers in the Alps are now interested in a lot more than just skiing
▼ + stars: | 2024-12-01 | by ( Maria Noyen | ) www.businessinsider.com time to read: +3 min

Property companies say the quality of the skiing is not the only criteria for some Alpine buyers. Instead of winter sports, wellness is taking priority for many seeking an Alpine chalet. AdvertisementYet, for some wealthy chalet buyers in upmarket towns such as Gstaad and Courchevel, it seems skiing is no longer the only draw. Pristine slopes are not the only draw for Alpine chalet buyers. Rollason added that if the uber-wealthy are buying a chalet, "then it's not just a chalet — it's an all-encompassing leisure object."

Persons: Knight Frank, Kurti, Kate Everett, Allen, Jeremy Rollason, sanatoriums, Rollason Organizations: Bain & Company, Alpine, Swiss Locations: Savills

☆ A couple on track to retire early in San Francisco break down their $140,000 annual budget
▼ + stars: | 2024-12-01 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

AdvertisementFIRE blogger Andre Nader and his wife have been working toward early retirement for years. Related VideoMembers of the FIRE (financial independence, retire early) community typically use the "4% rule," which suggests that you can safely withdraw 4% annually from your nest egg. Nader prefers to use a more conservative 3% safe withdrawal rate, which you can calculate by multiplying your annual number by 33.33. He and his wife, who works as a designer for Uber, had been preparing to retire early together. Between March 20203 and February 2024, the family of three residing in San Francisco kept their annual expenses around $140,000.

Persons: Andre Nader, Nader, Uber, Nader didn't, he'll, Nader —, they've, Nader's, Andre Nader Food, he's, Bill Perkins, Nader doesn't Organizations: FIRE, Bills, Health, Andre Nader Transportation, FAANG FIRE Locations: San Francisco

☆ Longtime Tesla investor Ross Gerber on why Musk's ties to Trump might not boost the EV maker
▼ + stars: | 2024-11-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

AdvertisementTesla investor Ross Gerber doesn't think Elon Musk's ties to Donald Trump will benefit the EV maker. Gerber says Tesla stock should be trading around $200, about 40% lower than current levels. Ross Gerber, a Tesla bull and the president of Gerber Kawasaki Wealth & Investment Management, thinks the electric vehicle maker faces big challenges ahead, even as optimism about Musk's ties to Trump has excited investors and sparked a sharp rally in Tesla stock since the election. Related VideoTraders are hopeful that Musk's close ties to the president-elect — which ultimately landed the Tesla CEO a new government role — could sway important policy decisions in favor of Tesla. Skeptical of the techGerber believes Tesla's technology has plateaued in recent years, and Musk's ties to Washington won't help that.

Persons: Ross Gerber, Elon Musk's, Donald Trump, Tesla, Gerber, Elon Musk, —, Dan Ives, he's, Elon, hasn't, Uber, EVs, it's Organizations: Elon, Gerber Kawasaki Wealth & Investment Management, Trump, Tesla, Wedbush Securities, Washington, Department of Government, Business Locations: Tesla, Mar, United States, bullishness

☆ Remote workers are swapping commute hours for side hustles
▼ + stars: | 2024-11-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

The higher rate of side gigs among remote workers, though small, could also stem from some evidence that productivity slows when workers are pushed to return to the office. Stanford economists found 10% lower productivity for fully remote work compared to fully in-person work. Some remote workers told BI they drive for Uber or DoorDash while working as accountants or analysts. AdvertisementBI has also reported on dozens of "overemployed" remote workers who secretly work multiple jobs to earn six-figure incomes. Many said they don't feel guilt for working multiple remote positions, even as remote roles become scarcer and harder to get.

Persons: supercommuting, —, hustlers, Jesse Singh, Natalie Fischer, She's, Patrick, didn't Organizations: Stanford, eBay Locations: California

☆ The app gold rush 'is kind of over,' Procreate CEO says. Here's his advice if you're thinking of making an app.
▼ + stars: | 2024-11-29 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

AdvertisementProcreate CEO James Cuda said VC funding for apps has "dried up," making entering the market challenging. Cuda named Uber as an app that made an impact by doing something different. Procreate CEO James Cuda has some bad news: the "gold rush is kind of over." His advice to app founders competing in today's app landscape is to "take a bold risk." The app CEO named Uber as a prime example of a product that came out of left field with a concept that nobody had successfully tried before.

Persons: James Cuda, Cuda, Uber, Andreessen Horowitz, there's, it's, they've Organizations: Business, BI, Apple

For example, right now, you can take 10% off a $100 Uber gift card or 20% off a $50 Spafinder gift card. As Black Friday sales tend to come and go, check this page often as we continue to update with new gift card deals. The best Black Friday gift card dealsInstacart $100 Gift Card $100.00 Instacart is a handy way to get ahold of your groceries without ever leaving the house. View at AmazonGap Options Gift Card $9.00 $10.00 Save 10% Take 10% off any denomination between $10 and $500 gift card using promo code SHOPEARLY. View at Giftcard.comBlack Friday gift cards FAQWhat is the best gift card to give?

Organizations: Business, Old Navy, Walmart, Financial, Bureau, Target Locations: Banana Republic

☆ Uber and Lyft drivers say Waymo's robotaxis are hurting their earnings in Phoenix and LA
▼ + stars: | 2024-11-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementUber and Lyft drivers in Phoenix and LA have said driverless taxis are hurting their earnings. Some Uber and Lyft drivers have said the driverless taxis operating in their markets are driving down their earnings. Some drivers told BI this was already happening. AdvertisementRestrictions on robotaxis could help reduce competitionJohn, a 43-year-old Uber and Lyft driver in Phoenix, said he thought Waymo One's robotaxis had hurt his earnings. He sometimes asks his passengers about their experiences using driverless taxis to get a better understanding of his competition.

Persons: Jason D, Jason, Uber, Carl Benedikt Frey, Frey, Waymo, didn't, Mobileye, John, Waymo One's robotaxis, Brad, aren't, Nicole Moore, who's Organizations: Phoenix, Austin, Oxford Internet Institute, Drivers United Locations: Phoenix, LA, Los Angeles, San Francisco, Atlanta, Las Vegas, —, Waymo, robotaxis

☆ Sriram Krishnan is leaving Andreessen Horowitz and is reportedly in talks to join Elon Musk at DOGE
▼ + stars: | 2024-11-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

AdvertisementSriram Krishnan, a general partner at Andreessen Horowitz, is leaving the firm at the end of the year. Krishnan has discussed joining Elon Musk at the Department of Government Efficiency, reports say. Krishnan has supported Musk in the past and worked at various Big Tech companies. Sriram Krishnan, a general partner at Andreessen Horowitz, is leaving the firm and has had discussions with Elon Musk about joining the Department of Government Efficiency, reports say. Krishnan joined Andreessen Horowitz, also known as A16z, in 2021 and has worked as a crypto investor at the firm.

Persons: Sriram Krishnan, Andreessen Horowitz, Krishnan, Elon Musk, He's, What's, I've, he'd, Donald Trump's, Andreessen Horowitz didn't, Trump, Musk, Vivek Ramaswamy, Joe Lonsdale, Marc Andreessen, Bill Ackman, Travis Kalanick —, Steve Davis, Antonio Gracias, Shiba Organizations: Elon, Department of Government, Big Tech, Twitter, Meta, DOGE, Business, The Washington Post, The Boring Company

☆ Evercore ISI's Mark Mahaney on why Amazon and Uber are his top two stock picks
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvercore ISI's Mark Mahaney on why Amazon and Uber are his top two stock picksMark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss the latest market trends, state of internet and tech stocks, his top stock picks, and more.

Persons: Mark Mahaney

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