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AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Representatives for Apollo didn't return a request for comment on Rowan's plans or the firm's succession plans. Rowan is Apollo's second CEO since the firm was founded in 1990. In a presentation to investors in October, Rowan unveiled plans to double down on the firm's lending business.
Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowkski, Marc, Kotowski, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Zelter, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Citigroup, Athene, Trump Locations: Athene USA
It is effectively an unregulated, offshore bank that’s become a tent pole of the $3 trillion crypto industry. The tether token is known as a stablecoin, a kind of crypto that was created to hold its value steady while others, like bitcoin and ether, swing wildly minute to minute. The company is now one of the biggest players in crypto, with a daily trading volume that eclipses even bitcoin, the world’s most popular token. Tether told the WSJ in a statement that any suggestion it was involved in criminal activity was “outrageous” and that the company works actively with law enforcement to combat illicit activity. But Lutnick, a Bitcoin enthusiast whose Wall Street firm manages Tether’s stockpile of Treasury bills, has eagerly defended the stablecoin issuer.
Persons: New York CNN — Howard Lutnick, Cantor Fitzgerald, who’s, they’re, Brock Pierce, , Giancarlo Devasini, “ There’s, we’ve, ” Lutnick, Donald Trump’s, , didn’t, Lutnick, Gary Gensler, ” Faryar Shirzad, “ It’s, Organizations: New, New York CNN, US Commerce Department, Ducks, Street, Manhattan US, Treasury Department, Bloomberg, Economic, Commerce Department —, Treasury, Securities and Exchange Locations: New York, Russian, Davos, United States, bitcoin
On Wednesday, Musk and Ramaswamy outlined their vision for DOGE, which Musk previously said would cut $2 trillion from the federal budget. Ron DeSantis' Presidential Announcement with Elon MuskTheir opinion piece, published in the Wall Street Journal, is lengthy and dense, filled with Supreme Court rulings and decades-old statutes. Musk and Ramaswamy wrote that their goal for deep reform will be rooted in two Supreme Court rulings. Musk and Ramaswamy make it clear that by eliminating federal regulations, there should also be "mass head-count reductions across the federal bureaucracy." Musk and Ramaswamy note that Trump has implied that the statute is unconstitutional and predict that the Supreme Court would agree.
Persons: Elon Musk, Vivek Ramaswamy, Ramaswamy, Musk, Ron DeSantis, Loper, Raimondo, Chevron, Trump, haven't, DOGE, Musk's, Tesla, overreach Organizations: Department of Government, Florida Gov, Elon, Street, Management, Environmental Protection Agency, Chevron, Natural Resources Defense Council, Congress, Corporation for Public Broadcasting, Public Broadcasting Service, National Public Radio, Social Security, SpaceX, Trump, Musk Locations: Florida, America, West Virginia
President-elect Donald Trump is now receiving intelligence briefings after having declined them during his campaign, according to a source with knowledge of the matter and a former U.S. official. “ODNI is acting consistent with the tradition, in place since 1952, of providing intelligence briefings to the President-elect,” an ODNI spokesperson said. The office would not comment specifically on whether Trump was actually accepting the offer of the briefings. A Trump transition team representative was not able to confirm that Trump had begun receiving the briefings. Before the election, Trump had said he did not want to get the intelligence briefings to avoid any chance he would be accused of leaking information.
Persons: Donald Trump, Harry Truman, “ ODNI, , Trump, Truman, ” Trump Organizations: U.S ., National Intelligence, Washington Post, Trump, White Locations: U.S, Lago, Florida, Mar
WASHINGTON — Rep. Nancy Mace, R-S.C., said Tuesday that her effort to ban transgender women from using female bathrooms at the U.S. Capitol is a direct response to the election of Sarah McBride, who is set to be the first openly transgender person in Congress. Mace introduced a resolution Monday to prohibit any lawmakers and House employees from “using single-sex facilities other than those corresponding to their biological sex." She was asked by reporters Tuesday if the move was in response to McBride. Mace said she would like to see her resolution incorporated into the House Rules package for the next Congress. House Speaker Mike Johnson, R-La., said Tuesday that Republicans are trying to resolve the issue but that they will make accommodations for McBride.
Persons: Nancy Mace, Sarah McBride, Mace, McBride, she's, McBride's, Andrew Harnik, Marjorie Taylor Greene, “ doesn’t, ” Greene, she’d, Mike Johnson, we’ll, Organizations: WASHINGTON — Rep, U.S . Capitol, U.S, Capitol, Getty
The arrests were the first time in the investigation that federal police have mentioned a plot to kill Lula and Geraldo Alckmin, his choice as vice-president, and stage a coup to stop him returning to power. He was in possession of the plan to kill Lula, one of the sources said. Lula won the presidential election in October 2022, defeating rightist incumbent Bolsonaro, and took office in January 2023. They also planned to seize and kill a Supreme Court justice if they succeeded, police said, without naming the judge. Others have been convicted by the Supreme Court on charges of an attempted coup, among other crimes.
Persons: Jair Bolsonaro’s, Luiz Inacio Lula da Silva, Lula, Geraldo Alckmin, General Mario Fernandes, Bolsonaro, General Fernandes, Alexandre de Moraes Organizations: SAO PAULO —, Special Forces, Reuters, Federal, Federal District, Crisis Management Locations: BRASILIA, Rio de Janeiro, Goias, Amazonas, Brasilia
Donald Trump and Rep. Matt Gaetz, R-Fla., at the Iowa State Fair in Des Moines in August 2023. That “seemed to matter” to the committee, Leppard said, adding that committee members were concerned about illegal drug use and payments for sex. On at least two occasions, Leppard said, his clients had sex with Gaetz outside Florida. The women were not paid for sex during the trips, but Gaetz paid for their flights, lodging and entertainment, Leppard said. The two women are private people, who have no political leanings and no motivation to take down Gaetz, Leppard said.
Persons: Matt Gaetz, Donald Trump’s, Joel Leppard, Orlando . Leppard, Gaetz, , Leppard, Donald Trump, Al Drago, , Trump, Alex Pfeiffer, He’s, ” Pfeiffer Organizations: Justice Department, NBC, Fair, Bloomberg, Getty, The Justice, FBI, Gaetz, Republican U.S, Trump, Committee Locations: Florida, Orlando, Iowa, Des Moines, New York City, Bahamas
AdvertisementAs first lady, Melania Trump remained an enigmatic figure and strayed from White House traditions. She led White House restoration projects, renovating the Rose Garden and designing a new rug for the Diplomatic Reception Room. Melania Trump will once again serve as FLOTUS when President-elect Donald Trump is inaugurated for his second, non-consecutive term in January. Here's how Melania Trump has defied expectations as first lady thus far. The Office of Melania Trump and representatives for the Trump transition team did not immediately respond to a request for comment.
Persons: Melania Trump, Jill Biden, Donald Trump Organizations: Trump, White House, National Museum of, Biden, White, Melania Locations: White
But Xpeng's CEO, He Xiaopeng, says most Chinese carmakers will not exist in 10 years. He predicted that only seven major car companies would eventually be left in China. Xpeng CEO He Xiaopeng doesn't think most Chinese carmakers will survive the next decade. AdvertisementMercedes-Benz CEO Ola Källenius took a similar position to He when asked about the threat posed by Chinese EV makers at the Berlin Global Dialogue conference in October. Chinese carmakers like BYD have also attempted to conquer the global electric vehicle market.
Persons: Xiaopeng, Ola Källenius, Källenius, Stephen Dyer, BYD, Brian Gu Organizations: EV, Singaporean, The Straits Times, Business, CNA, Benz, Berlin Global, Getty, , Wall Street Journal, Research, BI Locations: China, Xpeng, Thailand, Brazil
U.S. President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, D.C., on Nov. 13, 2024. Congressional lawmakers will soon debate expiring tax breaks and new promises from President-elect Donald Trump. With a majority in the House of Representatives and Senate, Republican lawmakers can pass sweeping tax legislation through "reconciliation," which bypasses the Senate filibuster. But choosing priorities could be difficult, particularly amid the federal budget deficit, policy experts said Tuesday at a Brookings Institution event in Washington. Legislators will be "representing their districts, not their party," Howard Gleckman, a senior fellow at the Urban-Brookings Tax Policy Center, said Tuesday in a panel discussion at the Brookings event.
Persons: Donald Trump, Howard Gleckman Organizations: Republicans, Hyatt, Washington , D.C, Congressional, Republican, Urban, Brookings Tax Policy Center, Finance Locations: Washington ,, Washington, Brookings
AdvertisementI lived abroad for years before returning to the United States for a bit in 2018. I left after two months when struggling with reverse culture shock. I left the United States in September 2015 because I wanted to experience living abroad as an adult. AdvertisementMy mom and sister had been visiting me in Chiang Mai, Thailand, when I ended a long-term relationship with the partner I'd been living with. All of this combined meant I only lasted in the United States for about two months before I returned to Chiang Mai.
Persons: I'd, Chiang, Spencer Platt, John F, Chiang Mai, I've Organizations: Kennedy International Airport, Trump Locations: United States, Chiang Mai, Thailand, Florida, Fort Lauderdale, Spain, Italy, Tallahassee
Palmer wrote about their "unhealthy relationship" in her new memoir, "Master of Me." Keke Palmer is reflecting on her "unhealthy" relationship with ex-boyfriend Darius Jackson and why it had to end. In August 2023, Palmer seemingly referenced Jackson's comments in Usher's music video for 'Boyfriend'In Usher's music video, Palmer was seen wearing a white bathrobe and getting glammed up for a night out with friends. Later in the video, Palmer and Usher bumped into each other at a casino, wearing the same outfit. Palmer wrote about her relationship with Jackson in her memoir, 'Master of Me'In her book, Palmer writes about Jackson's reaction to her appearance at Usher's concert, calling it "unexpected."
Persons: Keke Palmer, Darius Jackson, Leodis Jackson, Palmer, could've, Jackson, Palmer's, Leo, Sarunas Jackson, Alejandro, Dro, who's, Issa Rae, Derek White, WireImage Palmer, they'd, Tamron, Bustle's Sylvia Obell, Obell, Palmer didn't, Leodis Andrellton Jackson, I'm, Gregg DeGuire, Usher, you've, it's, Pop Crave, Jackson trespassed, Jackson didn't, didn't, she's, we've, Gayle King, Libby Torres Organizations: Business, HBO, Las, Entertainment, Palmer, CBS Locations: gush, Jackson, Palmer, Pacific Palisades , California, Instagram
AdvertisementAirbnb is planning to host gladiator fights in Rome's Colosseum. Some local lawmakers, meanwhile, aren't happy about Airbnb's event idea. Airbnb is attempting to kick off gladiator fights in Rome's historic Colosseum after 2,000 years, but local lawmakers in the Italian city are not impressed. The event is happening because of a $1.5 million tie-up between Airbnb and the Colosseum Archaeological Park, per CNN. However, some local lawmakers are not pleased.
Persons: Airbnb, Paul Mescal, Pedro Pascal, Denzel Washington, Tfilmvie, Lucius, Ridley Scott, Massimiliano Smeriglio, Smeriglio, Enzo Foschi, Foschi, Democratic Party of Rome didn't Organizations: CNN, Denzel, Airbnb, Democratic Party of Rome, Business Locations: candlelit, Airbnb, Rome, Barcelona, Spain, Portugal, Amsterdam
Many new Bluesky users are praising the feeling on the site as being similar to "old Twitter." This week, the app shot to the top of Apple's App Store and Google's Play Store, and a Bluesky spokesperson told Business Insider it hit 18.3 million registered users. Advertisement"Consumers, time and time again, show us that they will put a brand in jeopardy if the leadership is associated with ideology the consumers don't care for," Lind told Business Insider. A spokesperson for Bluesky told Business Insider that the platform aims to give users more choice and offer creators independence from being locked into specific platforms. A few weeks ago, Bluesky had less than 1 million daily users in the US, "so the acceleration is tremendous," said David Carr, an editor at Similarweb.
Persons: Bluesky, Elon Musk's, Jonathan Bellack, Mark Cuban, he'd, That's, Stephen Lind, Lind, We've, Jack Dorsey, Twitter, Dorsey, David Carr Organizations: Social, Business, Applied Social Media, Cuban, Meta, USC Marshall School of Business, Bluesky, Twitter Locations: Similarweb
Federal prosecutors have charged the founder of an education technology startup spun out of Harvard who was recognized on a Forbes 30 Under 30 list in 2021 with fraud. AdvertisementAllHere, which came out of the Harvard Innovation Lab, created an AI chatbot that was supposed to help reduce student absenteeism. Smith-Griffin was featured on the Forbes 30 Under 30 list for education in 2021. AllHere's investors included funds managed by Rethink Capital Partners and Spero Ventures, according to a document filed in bankruptcy court. Representatives for Harvard, Forbes, and Inc. didn't immediately respond to a comment request on Tuesday.
Persons: Joanna Smith, Griffin, Smith, Sam Bankman, Charlie Javice, Martin Shkreli —, spotlighted, Damian Williams, AllHere, didn't, Griffin wasn't Organizations: AllHere, Forbes, Harvard Innovation, Los Angeles Unified School District, Inc, Prosecutors, New York City Department of Education, Atlanta Public Schools, Capital Partners, Spero Ventures, Harvard Locations: Harvard, New York, North Carolina
Barrow, Combs and bodyguard Anthony Jones were tried in the shooting in 2001. Combs categorically denies Mr. Barrow’s allegations, including any suggestion that he orchestrated Mr. Barrow to ‘take the fall’ or ‘sacrificed’ him by directing witnesses to testify against him. Combs appreciates the path Mr. Barrow has pursued and wishes him continued success. It is unfortunate that Mr. Barrow has chosen to revisit these allegations. “I’ve healed and I’ve forgiven, I’ve gotten over it,” Barrow said of Combs.
Persons: CNN — Moses “ Shyne ” Barrow, , ” Barrow, , Sean “ Diddy ” Combs, Combs, Barrow, Combs ’, Jennifer Lopez, Anthony Jones, Jones, I’ve, Barrow doesn’t, , Mr, “ I’ve, ” “, Shyne Organizations: CNN, Boy Records, Diddy, Club New, , Representatives, Hulu Locations: Belize, ” Barrow, New York City, Barrow, New York, , Club New York,
CNN —A House Republican is pushing to ban transgender women from women’s restrooms at the US Capitol, two weeks after history was made with the election of America’s first out transgender person to Congress. South Carolina Rep. Nancy Mace on Monday introduced a resolution to amend the rules of the US House of Representatives less than two months before Democratic Rep.-elect Sarah McBride, a Delaware state senator, is sworn-in in January. “Sarah McBride doesn’t get a say. But on the trail, she did allude to a broader theme of respect — specifically, that everyone deserves a member of Congress that respects them and their families. CNN’s Arit John, Jack Forrest and Karina Tsui contributed to this report.
Persons: America’s, Nancy Mace, Sarah McBride, “ Sarah McBride doesn’t, , McBride, , “ Delawareans, I’m, ” Mace, , ’ I’m, Roe, Wade, Mace –, Cadets —, ” McBride, Lisa Blunt Rochester —, , CNN’s Arit John, Jack Forrest, Karina Tsui Organizations: CNN, Republican, Capitol, South Carolina Rep, Democratic Rep, South Carolina Republican, Citadel, Military College of South, , Citadel’s, Cadets, GOP, Human, The Ohio Senate Locations: Delaware, Military College of South Carolina, The Ohio
CNN —President-elect Donald Trump announced Monday he has selected former congressman and recent Fox Business co-host Sean Duffy to serve as the next secretary of the Department of Transportation. He most recently was co-host of Fox Business’ “The Bottom Line,” after first joining Fox News as a contributor in 2020. Wednesday marked his last day appearing on Fox Business, and he interviewed for the role of transportation secretary later in the week, according to a source. In the role, Duffy would takeover the department from Secretary Pete Buttigieg, who was named to lead the department in February 2021. Campos-Duffy is the co-host of “Fox & Friends Weekend,” where she worked for years alongside Pete Hegseth, Trump pick for defense secretary.
Persons: Donald Trump, Sean Duffy, Duffy, Duffy’s, , , ” Trump, Pete Buttigieg, Elaine Chao, Duff, Rachel Campos, Campos, Pete Hegseth, Trump, CNN’s Brian Stelter Organizations: CNN, Fox Business, Department of Transportation, Congressional, Fox News, Trump, Republican, , Competence, Competitiveness, Beauty, National Security, ESPN, Fox, MTV, “ Fox, Friends, Republicans Locations: Ashland County , Wisconsin
CNN —Tottenham Hotspur player Rodrigo Bentancur has been given a seven-match domestic suspension and fined around $126,000 (£100,000) for a comment he made in an interview about teammate Son Heung-min. According to the FA, the midfielder acted in “an improper manner and/or used abusive and/or insulting words and/or brought the game into disrepute” with the comment, which was judged to be an “aggravated breach” of FA regulations because it made reference to Son’s ethnicity. In June, soon after the video clip was circulated online, Son said that Bentancur had apologized for making a “mistake,” adding that his teammate “would not mean to ever intentionally say something offensive. He will be eligible to play again against Nottingham Forest on December 26, as well as in Europa League games. The 27-year-old has made 14 appearances for Tottenham this season, scoring in the club’s 2-1 defeat against Ipswich on November 10.
Persons: Rodrigo Bentancur, Son Heung, Rafa Cotelo, Bentancur, … I’ve, , Son, , ” Tottenham Organizations: CNN — Tottenham Hotspur, English Football Association, Uruguayan, South Korean, YouTube, ” CNN, Tottenham, Manchester City, Nottingham Forest, Europa League, Ipswich
Billionaire investor Stanley Druckenmiller built a sizable position in regional banks and made one health-care name his biggest position last quarter — two bets that have been rallying since the election of President-elect Donald Trump two weeks ago. The regional banking exchange-traded fund has climbed 12% this month alone, while Natera has jumped nearly 26% in November. KRE YTD mountain SPDR S & P Regional Banking ETF The widely followed investor was recently applauded for his big win on key artificial intelligence player Nvidia . During the third quarter, Duquesne added a small bet on Broadcom, worth $41 million, as another AI play. Druckenmiller shot to fame after helping make a $10 billion bet against the British pound in 1992.
Persons: Stanley Druckenmiller, Donald Trump, George Soros, Duquesne, Banks, Trump, Natera, Druckenmiller, bullish, Jensen Organizations: Quantum Fund, Duquesne Family Office, Regional Banking, Trump, Republican, GOP, Representatives, Regional Banking ETF, Nvidia, Duquesne, Broadcom, Duquesne Capital Management
AdvertisementA federal judge ruled in August that Google violated antitrust law to keep a monopoly on search. DOJ officials reportedly plan to ask a judge to force Google to sell Chrome. Officials from the DOJ are reportedly planning to ask a judge to force Google to sell its Chrome browser. Business Insider previously reported Google's total search revenue was $279.8 billion in 2022. Representatives for the Department of Justice did not immediately respond to a request for comment from Business Insider.
Persons: Amit Mehta, Lee, Anne Mulholland, Peter Cohan Organizations: Google, Justice, DOJ, Chrome, Bloomberg, Prosecutors, Department of Justice, Business, Google Services, Babson College
Andrew Harnik | Getty ImagesPresident-elect Donald Trump's return to the White House is poised to have big impacts on consumer health care. CMS, in turn, administers the Affordable Care Act marketplace and the Children's Health Insurance Program (CHIP), among other endeavors. A spokesperson for Trump's transition team did not respond to a request from CNBC for comment about the President-elect's health policy plans. Still, it's a 'big' gamble to forgo health insurance Around 3.8 million people will lose their health insurance if the subsidies expire, the Congressional Budget Office estimates. Short-term health insurance plans offer coverage for limited amounts of time, and typically on fewer medical services than comprehensive coverage.
Persons: Donald Trump, Andrew Harnik, Donald Trump's, Michael Sparer, Sparer, Trump, Robert F, Kennedy Jr, Kennedy, who's, Mario Tama, Cynthia Cox, I'd, Cox, Sabrina Corlette, Georgetown University's, Corlette, Carolyn McClanahan, Larry Levitt, Levitt, enrollee, they're, Yasin Ozturk, Biden, It's, Organizations: Base Andrews, Getty, Affordable, Trump, Republican, Columbia University, of Health Policy, Management, of Health, Human Services, Medicare, Services, CMS, Children's Health Insurance, Washington Post, The Washington Post, CNBC, Providence St, Mary Medical Center, Finance, American, ACA, Cox, Congressional, Office, Republicans, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Planning Partners, Medicaid, Social Security, Maskot, of Columbia, U.S, Capitol, Washington , D.C, Anadolu Agency, GOP, Corlette, pharma, Centers Locations: Base Andrews , Maryland, U.S, Duluth, Apple Valley , California, Jacksonville , Florida, Washington ,
New York CNN —The news was so shocking that some “Morning Joe” viewers probably spit out their coffee. MSNBC co-hosts Joe Scarborough and Mika Brzezinski “went to Mar-a-Lago to meet personally” with President-elect Donald Trump, Brzezinski revealed at the beginning of Monday’s show. We are not here to defend or normalize Donald Trump,” Scarborough said. When Trump entered the presidential race in 2015, he frequently called into “Morning Joe” and schmoozed with the hosts. Trump’s defenders said he was just fighting “fire with fire” because “Morning Joe” was so critical of him.
Persons: Joe ”, Joe Scarborough, Mika Brzezinski “, Donald Trump, Brzezinski, Scarborough, ” Brzezinski, , Jeff Jarvis, “ Don’t, ” Scarborough, , Trump, , “ Joe, Trump’s, ” Trump, “ we’ve, John McCain, New Year’s, Brzezinski “, Fox, ” CNN’s Kate Sullivan Organizations: New, New York CNN, MSNBC, Mar, Trump, Veteran, Scarborough, Republican, ” Trump, ” Scarborough, CNN, White, Twitter, Lago, Fox News Locations: New York, Scarborough, Florida, New Hampshire, Lago, New, America
AdvertisementChina's KFC and Pizza Hut CEO said that she sits and watches her customers eat. Joey Wat, the head of KFC and Pizza Hut in China, has an unusual approach to designing new products: She sits in restaurants for hours, watching her customers eat. Wat is the CEO of Yum China, the company that owns KFC, Taco Bell, Pizza Hut, and other fast-food brands in the country. According to Yum China, KFC is China's most popular fast-food chain, with over 11,000 outlets in the country. Representatives of Yum China didn't respond to a request for comment from Business Insider.
Persons: Jason Buechel, LVMH's Bernard Arnault, Joey Wat, Wat, Fortune, Sam Walton, Laxman Narasimhan, foodie, Buechel, Bernard Arnault, Celine, Louis Vuitton, Christian Dior, Alexandre Arnault Organizations: Pizza, KFC, Yum, Taco Bell, Global, New York City, Walmart, Starbucks, Foods, Tiffany, Bloomberg, Business Locations: China, Yum China, New York, Austin
AdvertisementSam Altman has been tapped to cochair the transition team for San Francisco's mayor-elect. The OpenAI cofounder and CEO is cochairing the transition team for San Francisco mayor-elect Daniel Lurie, Lurie announced Monday. According to San Francisco's campaign finance database, Altman donated $500 to current San Francisco mayor London Breed in 2018. We need to get him to embrace San Francisco." BI could not find any contributions from Altman to San Francisco mayoral candidates during this election.
Persons: Sam Altman, Daniel Lurie, Altman, Lurie, Ned Segal, OpenAI, San, Levi Strauss, Jan Koum, Jonathan Gans, Oleg Nodelman, " Altman Organizations: San Francisco's, San Francisco, Business, London Breed, Breed, Los Angeles Times Locations: Bay, San Francisco
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