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☆ These 4 stocks report quarterly results next week. Here's what we hope to see
▼ + stars: | 2023-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The major averages rebounded strongly this week as quarterly earnings came in largely better than expected and interest rates fell on softer economic data. The Dow Jones Industrial Average rose more than 5% for its best week since October 2022. The big theme next week is earnings and the four portfolio companies delivering their quarterly results. Here's the full rundown of all the important domestic data in the week ahead as we consider a number areas of our portfolio for trades next week. ET: Treasury budget statement for October (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: FactSet, we'll, Hulu —, Krystal, Horton, Zimmer, LEV, Armour, Ralph Lauren Corporation, CRON, Patterson, Walt Disney, MARA, Ginkgo, FREYR Battery, FREY, Arcelor Mittal, Wynn, Jim Cramer's, Jim Cramer, Jim Organizations: Dow Jones, Nasdaq, ISM, Services, Coterra Energy, Emerson Electric, Wall, National Instruments, Disney, Hulu, CNBC, Comcast, ESPN —, Wynn Resorts, WYNN, Asia that's, Wynn, Wynn's, Wynn Interactive, United, Brookfield Asset Management, Axsome Therapeutics, Network Corporation, Krystal Biotech, Ceragon Networks, Kosmos Energy Ltd, TreeHouse Foods Inc, Air Lease Corporation, Inc, Eversource Energy, Fennec Pharmaceuticals Inc, Graham Corporation, Aereas Inteligentes, Hilton, Energy, Realty Income Corp, Semiconductors, Vertex Pharmaceuticals Inc, Clover Health, Contura Energy, Diamondback Energy, FS KKR Capital Corp, Celanese Corp, Eos Energy Enterprises, Goodyear Tire & Rubber Company, WEN, Pall Corp, TransMedics, Emerson, Uber Technologies, Holdings, Melco Resorts, Entertainment, Zimmer Biomet Holdings, ACM Research, Lion Electric Company, Emerson Electric Co, Vertex Energy, Waters Corp, Air Products & Chemicals, Esperion Therapeutics, Fidelity National Information Services Inc, Bowlero Corp, Hotels, KKR, Co, Devon Energy Corp, Occidental Petroleum Corp, Dutch Bros Inc, Gilead Sciences, ContextLogic Inc, Akamai Technologies, Viatris Inc, Technologies, Corsair, Enovix Corporation, eBay, EBAY, DaVita Inc, Pan American Silver Corp, Roblox Corporation, Fisker Inc, Warner Bros ., Nuvei Corporation, Farms, Akebia Therapeutics, Biogen Inc, 3D Systems Corporation, Gray Television Inc, BlackSky Technology Inc, Cronos, EVgo Inc, Lumentum Holdings Inc, Nexstar Media Group, UTI Energy, Starwood Property Trust, AMC Entertainment Holdings, Marathon Digital Holdings, IonQ Inc, Digital Turbine, Virgin Galactic Holdings , Inc, Arm Holdings plc, ARM, Ginkgo Bioworks Holdings, Suncor Energy, AppLovin Corporation, B2Gold Corp, Luminar Technologies, MGM Resorts International, MGM, Bloom Energy Corporation, Li Auto Inc, Oatly, Kopin Corp, Fiverr International, YETI Holdings, YPF S.A, Ship Lease, Himax Technologies Inc, Dickinson, CommScope Holding, RBC, Agile Therapeutics, Apyx Medical Corporation, Grab Holdings, Hawaiian Electric Industries, Profire Energy, Flags Inc, Stereotaxis Inc, TransDigm, US Foods Holding Corp, Utz Brands, Valvoline Inc, Weibo Corporation, Wix.com Ltd, Trade, Petroleo Brasileiro SA Petrobras, Growth, Aurora Cannabis Inc, Navitas Semiconductor Corp, Archer Aviation Inc, Semiconductor, Energy Fuels Corp, Illumina Inc, Spike Investment Corp, Algonquin Power & Utilities Corp, AngloGold, Central Puerto S.A, Hudson Global, AirSculpt Technologies, Partners, Soho House, Jim Cramer's Charitable, Handout, Getty Locations: U.S, Macao, Asia, China, Las, Singapore, Wynn's Vegas, Boston, United Arab Emirates, Gilead, VVV, Central, Soho

NEW YORK (AP) — When Donald Trump became president in 2017, he handed day-to-day management of his real estate empire to his eldest sons, Donald Jr. and Eric. State lawyers are expected to rest their case after that, giving Trump's lawyers a chance to call their own witnesses. Political Cartoons View All 1227 ImagesDonald Trump Jr. and Eric Trump are both executive vice presidents at the Trump Organization and defendants in James' lawsuit. Eric has oversight over the company's operations while Donald Trump Jr. has been involved in running the company’s property development. Donald Trump Jr. and Eric Trump have already been heard from at the trial, albeit in snippets of prior testimony.

Persons: Donald Trump, Donald Jr, Eric, Donald Trump Jr, Eric Trump, Letitia James ’, James, Donald Trump —, —, Ivanka Trump, Allen Weisselberg, Trump, Judge Arthur Engoron, He’s, hasn’t, he’s, doesn’t, Engoron, ” Donald Trump Jr, Eric Trump’s, David McArdle, McArdle, Donald Trump’s, who's, he'd, ”, “, I’ve, Cushman, ” Donald Trump, Jennifer Peltz Organizations: Trump, Republican, Trump Organization, White, New, Trump Jr, Associated Locations: New York, New, ”, Newsmax, New York City, Wharton, Sisak, x.com

☆ Bitcoin may see a 'supply shock' as available tokens hit their lowest level since 2018 with a potential ETF likely to jolt demand, analyst says
▼ + stars: | 2023-10-27 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

That could set up a supply shock with potential approval of a spot bitcoin ETF looming, an analyst said. AdvertisementAdvertisementThe world's largest cryptocurrency by market capitalization might run into a shortage of liquid supply, especially with potential approval of a spot bitcoin ETF poised to boost demand. Bitcoin balance on exchanges and price of bitcoin CoinDesk, GlassnodeThe supply crunch could set up bitcoin for another price spike. Earlier this week, bitcoin hit $35,000, the highest since May 2022, on hopes that a spot bitcoin ETF would get regulatory approval soon. AdvertisementAdvertisementUnlike a regular currency, the supply of bitcoin was designed to be finite, capped at 21 million tokens.

Persons: Bitcoin, —, Matt Weller, CoinDesk, there's, bitcoin, Weller, haven't Organizations: Service

NEW YORK (AP) — Michael Cohen once proclaimed he'd “take a bullet” for Donald Trump. Trump is expected to be in court for the highly anticipated testimony, detouring from his usual campaign haunts to the Manhattan courtroom for a sixth day this month. Trump attended the trial for two days last week — having planned the trip when it was expected that Cohen would be testifying. Trump is expected to testify later in the trial. James, a Democrat, has credited Cohen as the impetus for her civil investigation, which led to the fraud lawsuit being decided at the trial.

Persons: — Michael Cohen, he'd “, Donald Trump, Trump, detouring, Cohen, wasn't, ”, Letitia James, Arthur Engoron, Engoron, Trump’s, “, it’ll, president's Organizations: ” New York, Trump Organization, Trump, Democrat, Deutsche Bank, Buffalo Bills, Forbes, White Locations: Manhattan, Congress, Sisak, x.com

In a pretrial court filing, James’ office estimated that Trump exaggerated his wealth by as much as $3.6 billion. They've also called accountants Donald Bender and Camron Harris, whose firms Trump hired to prepare his financial statements. A retired Deutsche Bank official testified the financial statements were key to Trump securing hundreds of millions of dollars in loans. Weisselberg acknowledged that information in Trump’s financial statements wasn’t always accurate, such as valuing his penthouse based on the wrong size. In a decision last month, Engoron resolved the lawsuit's top claim, ruling that Trump committed years of fraud by inflating the value of assets in his financial statements.

Persons: — Donald Trump, Michael Cohen, Cohen, I’m, ” Cohen, Judge Arthur Engoron, It's, Trump, Letitia James, James ’, James, Eric, Donald Trump Jr, —, Allen Weisselberg, Jeffrey McConney, Weisselberg, ”, maligning, Patrick Birney, Mark Hawthorn, They've, Donald Bender, Camron Harris, wasn’t, “, Engoron, he'll, She's Organizations: New, Twitter, Trump, New York, Trump Organization, WHO, Longtime Trump Organization, Democrat, Deutsche Bank, Mar Locations: New York, Lago, Doral, Miami , Florida, Chicago, New York City, Manhattan, Georgia, Washington, Florida, __, Sisak, x.com

Now, after a recent jail stint for tax fraud, Weisselberg is front and center again — set to testify Tuesday in the civil trial in New York Attorney General Letitia James’ fraud lawsuit against Trump and his company, the Trump Organization. James' lawsuit alleges that Weisselberg engineered Trump’s financial statements to meet his demands that they show increases in his net worth and signed off on lofty valuations for assets despite appraisals to the contrary. “Over the last number of months, it’s been I’m sure well-documented and well-known that I’ve been through quite a bit,” Weisselberg testified in a May deposition in the civil case. Weisselberg testified that he was having trouble sleeping, started seeing a therapist and was taking a generic form of Valium as he tried to “re-acclimate myself back to society." He might say magnificent,” Weisselberg testified.

Persons: Donald Trump’s, Allen Weisselberg, —, Letitia James ’, James, Weisselberg, Trump, Trump’s, it’s, ” Weisselberg, “, he’s, ” Jeffrey McConney, McConney, Arthur Engoron, Engoron, Fred, Donald Trump Organizations: Trump, Trump Organization, New, Trump Organization’s, Social Security Locations: New, Manhattan, New York City, Trump, New York, Sisak, x.com

☆ Inside Sam Bankman-Fried's $35 million crypto frat house in the Bahamas
▼ + stars: | 2023-10-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +11 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Lawyers for the U.S. Attorney's office entered into evidence photos featuring Sam Bankman-Fried and his fellow co-workers at their shared $35 million Bahamian penthouse. In his testimony, Yedidia recalled a group Signal thread labeled "People of the House," which referred to Bankman-Fried's $35 million penthouse. Zoom In Icon Arrows pointing outwards Exhibit from the prosecution shows Signal thread called "People of the House," referring to Bankman-Fried's $35 million penthouse, where many employees lived.

Persons: Sam Bankman, Fried, Gary Wang, Adam Yedidia, Caroline Ellison, She's, somethings, Lewis Kaplan, Yedidia, it's, Ryan Salame, Joseph Bankman, Barbara Fried, Bankman, John Ray, Ray, Tiger Woods, Justin Timberlake, Michael Lewis, Lewis, napping, Mark Cohen, FTX, Ellison, hadn't Organizations: U.S, Southern, of, Lawyers, Alameda Research, Massachusetts Institute of Technology, MIT, SDNY, Bankman, Alameda, New Providence, FTX, Enron, Capitol, Prosecutors Locations: Bahamas, Manhattan, He's, of New York, Bankman, FTX, Alameda, Hong Kong, Caribbean, New Providence, New, U.S, Albany, oceanside

☆ Sex, Signal messages and sabotage: SBF's top execs and Bahamas roommates tell all in court
▼ + stars: | 2023-10-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

"Sam Bankman-Fried," he said. Wang said that in response to the reporting an emergency meeting was called between Bankman-Fried, Wang and Singh, to discuss shutting down Alameda. On Nov. 12, after FTX declared bankruptcy, Bankman-Fried asked Wang to drive with him to the Bahamas Securities Commission for a meeting. Yedidia said Bankman-Fried had told him, before he began working in the Bahamas in 2019, that he and Ellison had sex. Bankman-Fried asked Yedidia if it was a good idea for them to date, to which Yedidia said no.

Persons: Adam Yedidia, Sam Bankman, Jane Rosenberg, —, Gary Wang, Nicolas Roos, Wang, FTX, Nishad Singh, Caroline Ellison, Mr, Roos, Ellison, Fried, Reuters Wang, District Judge Lewis Kaplan, Singh, Yedidia, Bankman, Sam, Christian Everdell, he's, I'm, Matt Huang, Yuki Iwamura, Huang, Dawn Giel Organizations: Federal Court, Reuters, MIT, U.S, Alameda Research, District, Prosecutors, Bahamas Securities Commission, Massachusetts Institute of Technology, Google, Alameda, United, Paradigm, FTX, Bloomberg, Getty Locations: FTX, New York City, Bahamas, Manhattan, U.S, Alameda, Bahamian, New York, China, Minnesota, FTX's Hong Kong, Nassau, Bankman

NEW YORK (AP) — An accountant who prepared Donald Trump's financial statements was back on the witness stand for a fourth day Thursday in the New York civil fraud trial examining whether the former president exaggerated his wealth. The business fraud trial stems from New York Attorney General Letitia James' lawsuit alleging that Trump and his business ginned up financial statements that vastly overvalued Trump Tower, Mar-a-Lago and other assets. James is seeking $250 million in penalties and a ban on Trump doing business in New York. The witnesses so far have been two accountants who worked on the financial statements, which went to banks, insurers and others. The defense has been trying to show that if there were problems with the financial statements, the flubs were accountant Donald Bender's fault.

Persons: Donald Trump's, Trump, didn't, Letitia James, James, He's, Donald Bender's, Jesus M, Suarez, Bender, Judge Arthur Engoron, Engoron, Barbara Jones, Jones Organizations: New York, Trump, Democrat, Republican, Trump Organization Locations: New York, —, New, Mar, Sisak, x.com

NEW YORK (AP) — On notice to mind his out-of-court commentary, former President Donald Trump returned to his New York civil fraud trial Wednesday as his lawyers questioned an accountant who prepared financial statements at the heart of the case. With accountant Donald Bender on the witness stand, state lawyers has sought to show that Trump and others at his company had full control over the preparation of the financial statements. Bender testified Tuesday that the Trump Organization didn’t always supply all the information needed to produce the documents. Trump denies any wrongdoing, and his defense continued Wednesday to fault Bender for any shortcomings in the statements. Suarez then showed video of pretrial testimony in which Bender said he didn't recall whether he consulted with any specialists when preparing Trump's financial statements.

Persons: Donald Trump, Letitia James ’, Trump, Donald Bender, Bender, Jesus M, Suarez, president’s, “, ” Bender, ” Trump, Judge Arthur Engoron, James, ”, Engoron, Engoron's Organizations: New York, Trump Organization didn’t, Trump, Republican Locations: New York, Sisak, x.com

☆ The $8 billion Sam Bankman-Fried criminal trial starts today — here's what's at stake and how we got here
▼ + stars: | 2023-10-03 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

In the first trial, Bankman-Fried faces seven criminal counts related to the collapse of the crypto empire he built, including wire fraud, securities fraud and money laundering. Alameda, FTX and a host of subsidiaries Bankman-Fried founded filed for bankruptcy protection in Delaware. FTX's own terms of use specifically forbade him, or Alameda, from using customer money for anything — unless the customer allowed it. And from FTX's inception, there was a lot of customer money. Bankman-Fried and other executives admitted to each other that "FTX customer funds were irrevocably lost because Alameda had appropriated them."

Persons: Sam Bankman, Fried, Caroline Ellison, Gary Wang, Ellison, FTX, Wang, Judge Lewis Kaplan, Samuel Bankman, MacKenzie Sigalos, San Francisco —, SBF, Wang —, Nishad Singh —, Goldman Sachs, Binance, Damian Williams, Rehypothecation, —, Crypto, Solana, Zhao, he'd, Cromwell, John J, Ray, John Ray's, — CNBC's Rohan Goswami Organizations: Alameda Research, Southern, of, Stanford, MIT, U.S, New York Times, Bankman, That's, CNBC, Jane, Capital, University of California, Formula, Democratic, Twitter, Securities Exchange Commission, SEC, Futures Trading, United States Attorney's Office, CFTC, Alameda, Alameda didn't, Voyager, BlockFi, FTX, Industry, Investors, Zhao, Publicly, Sullivan, Enron Locations: Bahamas, Manhattan, New York, Alameda, of New York, FTX, Brooklyn , New York, San Francisco, South Korea, Alameda , California, Fried's Alameda, Berkeley, Miami, Washington, Delaware, California, Federal, Solana, Fried

NEW YORK (AP) — After a fiery first day of opening arguments, lawyers in Donald Trump's business fraud trial in New York will move on Tuesday to the more plodding task of going through years of his financial documents in what's expected to be a weekslong fight over whether they constitute proof of fraud. An accountant who prepared Trump’s financial statements for years was expected to be back on the witness stand for a second day. Trump, who spent a full day Monday as an angry spectator at the civil trial, was contemplating a return to court as well. The non-jury trial concerns six remaining claims in the lawsuit, and how much Trump might owe in penalties. James is seeking $250 million and a ban on Trump doing business in New York.

Persons: Donald Trump's, Trump, “, Letitia James, Arthur Engoron, James, Kevin Wallace, Alina Habba, he’d, Mazars, Donald Bender, Judge Engoron, Wallace, Jill Colvin, Jake Offenhartz, Karen Matthews Organizations: New, Democrat, Trump, Associated Press Locations: New York, Lago, Florida, Sisak, x.com

“I’m going to Court tomorrow morning to fight for my name and reputation,” Trump wrote Sunday night on his Truth Social platform. !” Trump wrote. James, a Democrat, is seeking $250 million in penalties and a ban on doing business in New York. James' lawsuit accused Trump and his company of a long list of fibs in the financial statements he gave to banks. James’ lawsuit is one of several legal headaches for Trump as he campaigns for a return to the White House in next year's election.

Persons: Donald Trump, “ I’m, ” Trump, Trump, Letitia James, Arthur Engoron, ”, James, Engoron, Michael Cohen, Jean Carroll, Engoron’s, ” Engoron, James ’, Banks, Jill Colvin Organizations: New York, Trump Organization, Democrat, Trump, NYS, New York City, White, Associated Press Locations: New York, Manhattan, Sisak, x.com

But asked Friday if he planned to be at the New York trial, Trump said: “I may. I may.”Engoron, a Democrat, has ruled repeatedly against Trump in the three years he's been presiding over James' lawsuit. He's forced Trump to sit for a deposition, held him in contempt and fined him $110,000. At a hearing in the case last Wednesday, the day after his ruling, Engoron offered “a little bit of New York humor" to break the tension. In 2013, he was appointed an acting justice of the state’s trial court and ran unopposed for a permanent post in 2015.

Persons: —, Arthur Engoron, Stevie, ”, Donald Trump's, Engoron, Trump, Letitia James, James, Jean Carroll, “, he's, He's, ” Trump, Christopher Kise, Engoron's, who’ve, ” Engoron, irreverence, Michael Bloomberg's, ” He’s, Wheatley, Michelle Bernstein Ravenscroft, Bob Dylan, Shakespeare, Marx, Frank Sinatra, Stevie ” —, — Engoron, Rube Goldberg, Franz Kafka, Marquis, Sade, James ’ Organizations: New, Ivy League, Trump, NYS, Trump Organization, Democrat, White, The Wheatley, New York Mets, Mets, Columbia University, American Civil Liberties Union, New York University, New York, New York City Civil Court Locations: Vietnam, New York City, York, Manhattan, New, New York, Queens, East Williston, Long, Old Westbury , New York, Wheatley, Central Park, Trump, Sisak, x.com

☆ OpenAI's GPTBot and other AI web crawlers are being blocked by even more companies now
▼ + stars: | 2023-09-28 | by ( Kali Hays | ) www.businessinsider.com time to read: +7 min

Unique, high quality data, mainly scraped from the web, is vital to the performance of AI models. AdvertisementAdvertisementMore and more companies are trying to avoid having their data freely scraped and saved by web crawlers working for the benefit of AI models. Last month, OpenAI last revealed its own crawler, GPTBot, saying it would respect robots.txt, a decades-old method through which a website can tell a web crawler to ignore it. Many more companies are now also blocking CCBot, a web crawler used by Common Crawl. AdvertisementAdvertisementSee below for a full list of the biggest websites now blocking GPTBot and CCBot as of Sept. 22:Blocking GPTBotamazon.comquora.comnytimes.comtheguardian.comshutterstock.comwikihow.comcnn.comsciencedirect.comusatoday.comhealthline.comstackexchange.comalamy.comscribd.comwebmd.combusinessinsider.comdictionary.comreuters.comwashingtonpost.commedicalnewstoday.comnpr.orgcbsnews.comgoodhousekeeping.comamazon.co.uktumblr.comlatimes.cominsider.comglassdoor.comvocabulary.cominvestopedia.comslideshare.netamazon.decosmopolitan.comnbcnews.comindiamart.comstackoverflow.comhindustantimes.combloomberg.comcnbc.compeople.comtvtropes.orgamazon.invimeo.comverywellhealth.comikea.comespn.comindianexpress.comthesaurus.compbs.org123rf.comwattpad.comvariety.comtoday.compopsugar.comthespruce.comuol.com.bramazon.frgeeksforgeeks.orgelle.comeconomictimes.compcmag.comtheverge.comallrecipes.comthoughtco.comrollingstone.comwired.comnextdoor.comhollywoodreporter.comabc.net.auew.comamazon.canews18.comwomenshealthmag.comrateyourmusic.comamazon.co.jptechradar.comairbnb.comndtv.comlifewire.comtomsguide.comvulture.comeverydayhealth.compolygon.comtheconversation.comesquire.comprnewswire.combillboard.commenshealth.commetro.co.ukcountryliving.commashable.comgamesradar.comthehindu.comtimesofindia.comdeadline.comharpersbazaar.commedscape.comnymag.comrefinery29.comradiotimes.comcbssports.comtandfonline.comtheatlantic.comtrulia.comamazon.espinterest.esnationalgeographic.combhg.comeater.comsouthernliving.comhealthgrades.comvice.compicclick.combustle.comnewyorker.comeonline.comdigitalspy.comopentable.compinterest.dethepioneerwoman.comcaranddriver.combyrdie.comlivemint.commedicinenet.comteacherspayteachers.comcookpad.comthespruceeats.combizjournals.compagesjaunes.frliputan6.comdelish.commasterclass.comarchiveofourown.orgvox.comrealsimple.comaarp.orgfrancetvinfo.frpinterest.frkumparan.comtheathletic.comtravelandleisure.comvogue.comlivescience.comapartments.commarketwatch.comglamour.comamazon.itcinemablend.comthrillist.comamazon.com.brpinterest.co.ukangi.comalamy.esusmagazine.comdistractify.combbcgoodfood.comjagran.commercadolibre.com.mxandroidauthority.comcity-data.comfoodandwine.comhellomagazine.comamazon.com.augq.comingles.comamarujala.comieee.orgprevention.comstern.dekbb.comedmunds.commarthastewart.compcgamer.comjustanswer.comhealth.com20minutes.frfortune.comhomes.comscientificamerican.compopularmechanics.comverywellfit.comvanityfair.comchicagotribune.comverywellmind.comhousebeautiful.comcntraveler.comallure.comspanishdict.comneverbounce.comanswers.commoneycontrol.comarchitecturaldigest.comslate.comlonelyplanet.cominverse.comcorriere.itactu.frself.comtripsavvy.cominstyle.comeatingwell.comsuperuser.comwelt.despiegel.dewomansday.comseventeen.comhbr.orgoprahdaily.comautotrader.combonappetit.comsueddeutsche.deseriouseats.comliveabout.comseattletimes.comcoursera.orglivehindustan.comfrance24.comtownandcountrymag.comdotesports.comworldplaces.mefaz.netteenvogue.commotor1.comnj.comglamourmagazine.co.ukokdiario.combrides.comstylecaster.comalamyimages.frjagranjosh.comtheglobeandmail.comaxios.comfrancebleu.frtabelog.comthebalancemoney.comnydailynews.comsheknows.comnaomedical.comverywellfamily.comBlocking CCBot

Persons: —, OpenAI, GPTbot, Conde Nast, Masterclass, Kelly, robots.txt, verywellhealth.com, indianexpress.com Organizations: Service, Amazon, Guardian, NPR, CBS News, CBS Sports, NBC News, CNBC, Yorker, Hearst, New York Times Locations: USA, Europe, Originality.ai, androidauthority.com

NEW YORK (AP) — Does a judge’s fraud finding spell the end of Donald Trump ’s real estate empire? He decried Tuesday’s ruling, which shifts control of some of his companies to a court-appointed receiver, as the “KILL TRUMP” decision. As he quizzed the judge, Kise noted that some of the Trump entities being stripped of their business licenses own properties such as Trump Tower and an office building at 40 Wall Street, both in Manhattan. “Is it the court’s position that those assets are now going to be sold or just going to be managed under the direction of the (receiver)?” Kise asked. That would far exceed even the highest value he listed for Mar-a-Lago on his financial statements, $739 million in 2018.

Persons: Donald Trump ’, Tuesday’s, TRUMP, isn't, Judge Arthur Engoron, Letitia James ’, Trump, “, Christopher Kise, he'd, Kise, ” Kise, Engoron, Allison Greenfield, “ I’m, Barbara Jones, who's, she's, James ’, Kevin Wallace, James Organizations: Trump, Trump Organization, NYS, Republican, Mar Locations: New York, New, Manhattan, LLCs, Lago, Palm Beach , Florida, Sisak, x.com

☆ Elon Musk might be the internet's worst boyfriend. At least that's what it seems like in his new biography.
▼ + stars: | 2023-09-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +8 min

"Elon and I were used to having big arguments in public," Musk's first wife, Justine Wilson, told Isaacson. AdvertisementAdvertisementWilson told Isaacson, the book's author, that Musk sometimes resorted to calling her "an idiot" or "moron" in arguments. Variety/Getty ImagesMeanwhile, Grimes told Isaacson that she feels the billionaire "associates love with being mean or abusive." "It was Elon's Asperger's coming out in full," Grimes told Isaacson. Musk's second wife, Talulah Riley, told Isaacson that when her close friend died, he flew to England to be with her.

Persons: Elon, it's, Grimes, Walter Isaacson's, Elon Musk, Tesla, Musk's, Justine Wilson, Isaacson, Wilson, Marie Claire, Musk, Claire Boucher, Amber Heard, Asperger's, I'd, he's, Talulah Riley, Mike Blake, Shivon, Zilis, X, Riley, Heard Organizations: Service, SpaceX, Variety, PayPal Locations: Wall, Silicon, Texas, Grimes, England

☆ Some notable investors scored a win with Splunk takeover — Here's what they are betting on next
▼ + stars: | 2023-09-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

High-profile investors Jeff Smith and Alex Sacerdote hit home runs after Cisco 's buyout of cybersecurity software company Splunk sent shares surging. The move marked a big win for the two hedge fund investors with big stakes in Splunk. Splunk was Smith's Starboard Value's third-biggest holding at the end of June, with a bet worth more than $430 million. The stock, Whale Rock's fifth-biggest stock bet as of the end of June, has soared more than 66% this year. Sacerdote also had a big bet on another cybersecurity company like Splunk, Fortinet .

Persons: Jeff Smith, Alex Sacerdote, Splunk, Smith, Sacerdote, Fortinet Organizations: Cisco, Rock Capital Management, Acacia Research, Big Tech, Microsoft, Meta, Nvidia, Netflix, Guggenheim Locations: Splunk, Wix.com

☆ Elon Musk arm-wrestled his business partner to settle PayPal software dispute: book
▼ + stars: | 2023-09-14 | by ( Polly Thompson | Grace Dean | ) www.businessinsider.com time to read: +4 min

Max Levchin told Elon Musk's biographer about the difficulties of working with the maverick billionaire. In the early days of PayPal, Musk suggested an arm-wrestle to resolve an argument over software. AdvertisementAdvertisement"Eventually you will see it my way," an unwavering Musk told Levchin, according to the biography. But rather than a discussion about the pros and cons, Musk told Levchin late one evening: "You know what – I will arm-wrestle you for it." Levchin told Isaacson he though this was "the stupidest imaginable way to settle a software-coding disagreement."

Persons: Max Levchin, Elon Musk's, Musk, Levchin, Elon Musk, Musk's, Peter Thiel, Walter Isaacson's, Isaacson, Paul Sakuma, Vaughn Ridley, Sportsfile, Elon, X.com, Thiel, — Elon Organizations: PayPal, Service, Confinity, Microsoft, Twitter Locations: Wall, Silicon, Levchin, Toronto

☆ FTX gets court approval to sell crypto assets
▼ + stars: | 2023-09-13 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

During the hearing, Dorsey overruled concerns raised by two FTX customers who said FTX sales could cause crypto prices to crash and that FTX may not own all of the crypto that it holds in its accounts. FTX said in court filings it was keenly aware of the risk that its effort to liquidate coins could move crypto markets. But keeping its current crypto portfolio intact also carries risks, potentially locking FTX into holding certain assets as their prices decline, according to FTX’s court papers. FTX filed for bankruptcy in November 2022 in the wake of claims that it misused and lost billions of dollars worth of customers' crypto deposits. FTX founder Sam Bankman-Fried has pleaded not guilty to charges that he defrauded FTX customers by using their funds to prop up his own risky investments.

Persons: FTX, John Dorsey, Dorsey, Sam Bankman, Fried, Dietrich Knauth, Alexia Garamfalvi, David Gregorio Our Organizations: Galaxy, Thomson Locations: Wilmington , Delaware, cryptocurrency, U.S, cryptocurrencies, Solana, bitcoin, FTX

☆ Elon Musk once caught malaria on safari and was 'hours from death,' book says
▼ + stars: | 2023-09-13 | by ( Polly Thompson | Grace Dean | ) www.businessinsider.com time to read: +5 min

Walter Isaacson's biography of Elon Musk shines new light on the world's richest person. Musk once took a safari during a vacation to his native South Africa but contracted malaria. Walter Isaacson, whose biography of Elon Musk was published this week, was given access to the Tesla and SpaceX CEO over the past two years. AdvertisementAdvertisementPeter Thiel and Elon Musk with X.com credit in October 2000. Recalling the ordeal earlier this year, Elon Musk and his mother, Maye, tweeted that "modern medicine" had saved his life.

Persons: Walter Isaacson's, Elon Musk, Musk, he'd, Elon, Walter Isaacson, Peter Thiel, Isaacson, Justine Musk, Paul Sakuma, Max Levchin, Maye, I'd, Musk's, Thiel, X.com, Levchin, Grimes Organizations: Service, SpaceX, PayPal, Canada, Sequoia Hospital, Centers for Disease Control, Paypal Locations: South Africa, Wall, Silicon, Brazil, Pretoria, Palo Alto , California, Redwood City, X.com, Crimea

☆ Elon Musk whispered to his first wife, Justine, that he was 'the alpha in this relationship' during their first dance
▼ + stars: | 2023-09-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

During Elon Musk's first dance with Justine Musk, he told her he was the "alpha" in the relationship. Justine Musk was his first wife and the mother of five of Elon Musk's surviving children. "I am the alpha in this relationship," Elon Musk whispered to author Justine Musk, his first wife, as they danced following their ceremony on the Caribbean island of Saint Martin, Walter Isaacson wrote in "Elon Musk," his new biography of the tech mogul. Elon Musk met Justine Musk when he was a sophomore and she a freshman at Queen's University in Kingston, Ontario. AdvertisementAdvertisementShe told Isaacson that Elon Musk told her to dye her hair blonder and that she felt like she was being turned into a "trophy wife."

Persons: Elon Musk's, Justine Musk, Elon Musk, Saint Martin, Walter Isaacson, Isaacson, Elon, Jeff Bezos, that's, Justine, Kimbal Musk, Navaid Farooq, Maye, Griffin, Xavier, Kai, Damian, Talulah Riley Organizations: Service, Queen's University, University of Pennsylvania, PayPal, Bel Air Locations: Wall, Silicon, Saint, Kingston , Ontario, Queen's, New York City, Palo Alto, Nevada, Bel

American Express just announced plans to open its fourteenth Centurion Lounge location in the US, at Newark Airport. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. While the Centurion Lounge at Newark Airport won't open until 2026, American Express has shared some initial details on what to expect. Finally, the Newark Centurion Lounge will also feature a 1,400-square-foot indoor terrace with views of the airport and Manhattan. American ExpressHow to access the Newark Centurion loungeYou can access the upcoming Newark Centurion Lounge (and any other Centurion Lounge that's already open) if you have the The Platinum Card® from American Express, The Business Platinum Card® from American Express, or the invite-only Centurion Card.

Persons: Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Amex Organizations: Express, Newark Airport, American Express, Service, Vegas McCarran, Newark Liberty International Airport, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Shipping, New, Newark, Newark Centurion Locations: Manhattan, Wall, Silicon, Hulu, Newark, New York, JFK, LaGuardia, York

☆ An Elevator Expert Explains How to Move People Up 118 Floors, Fast
▼ + stars: | 2023-09-07 | by ( ) www.wsj.com time to read: 1 min

From Twitter to X: Why Musk is Resurrecting His Favorite DomainIn late July, Elon Musk shifted Twitter’s name to X, a major change for the brand. But it’s not the first time the tech billionaire has used the URL x.com. WSJ explains what the site’s past could signal about its future.

Persons: Elon Musk, it’s Organizations: Twitter

So I'll admit I got The Platinum Card® from American Express for the clout. Getting an Amex didn't change my finances or my life, and I knew it wouldn'tI held my Amex Platinum card as I did with my driver's license when I was 16. Financial therapist Aja Evans says my Amex credit card is one way of coping with self-esteem issues, but it's a bandage. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Products in this post: The Platinum Card® from American Express, American Express® Gold Card

Persons: Achilles, I've, wouldn't, I'm, Aja Evans, Evans, it's, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash Organizations: Service, American Express, Yorker, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Shipping, American, Products Locations: Wall, Silicon, Hulu

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