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☆ Trump can soon tap his $2 billion Truth Social fortune. But it won’t be easy
▼ + stars: | 2024-08-29 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —For months, former President Donald Trump has been sitting on a social media fortune that he couldn’t touch. As recently as May 9, Trump’s dominant stake of 114.75 million shares of Trump Media was valued at $6.2 billion. Despite the recent selloff, Trump Media is still valued at nearly $4 billion. Once the lock-up period expires, Trump will no longer be prohibited from borrowing against his stake in Trump Media. Experts say that if Trump does borrow against his Truth Social stake, he may not be required to disclose it.

Persons: Donald Trump, Trump, ” Michael Ohlrogge, Kamala Harris, ”, Charles Whitehead, Elon Musk, Mark Zuckerberg, Phillip Juhan, Scott Glabe, Andrew Northwall, Vladimir Novachki, Devin Nunes, Jay Ritter, ” ‘, “ It’s, ” Ritter, “, can’t, ” Ohlrogge, Ohlrogge Organizations: New, New York CNN, Trump, Truth Social, Trump Media & Technology, Trump Media, New York University School of Law, CNN, Democratic, Cornell Law School, “, ”, Meta, Republican, SEC, Trump Media & Technology Group Corp, University of Florida’s Warrington College of Business, NYU Locations: New York

☆ Video: Trump may soon be able to access $2B Truth Social stake. This is what could stop him
▼ + stars: | 2024-08-29 | by ( Matt Egan | ) edition.cnn.com time to read: 1 min

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☆ Halliburton confirms a cyberattack forced it to take its systems offline
▼ + stars: | 2024-08-23 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

CNN —Halliburton confirmed on Friday that it was hit by a cyberattack that forced the major oilfield services company to take systems offline. The company said the investigation is “ongoing” and its response includes restoring systems and assessing the damage. The company did not immediately respond to a request for further comment about whether its operations have been disrupted. The Energy Department told CNN on Thursday that there were no signs that energy services had been impacted. Halliburton previously would say only that it was experiencing an “issue” without confirming or denying a Reuters report it was cyber-related.

Persons: CNN — Halliburton, Halliburton, ” Halliburton, “ Organizations: CNN, Halliburton, FBI, Energy Department, Infrastructure Security Agency, The Energy Department

☆ Trump Media’s revenue remains very tiny as it launches Truth+ streaming
▼ + stars: | 2024-08-12 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Even though Trump Media & Technology Group (DJT) is valued at $5 billion, the Truth Social owner revealed Friday evening it made just $837,000 in revenue last quarter. But Trump Media is hoping to turn things around by building a streaming business catering to conservatives. Trump Media wants ‘neglected’ contentLast week, Trump Media launched Truth+, a TV streaming platform available on Android, iOS and the Web versions of Truth Social. Trump Media said it will have the right to secure the source code in the future for the streaming technology. Trump not only serves as the chairman of Trump Media, he is the dominant shareholder, with 114.75 million shares.

Persons: Donald Trump’s, Trump, Kamala Harris, ‘, “, ”, Devin Nunes, ” Nunes Organizations: New, New York CNN, Trump Media & Technology, Trump Media, Trump, White House, Fox News, ” Trump Media, Big Tech, Amazon, Netflix, Republican, ” Trump Locations: New York, Silicon Valley

☆ Both Trump and Harris want to eliminate taxes on tips. This is how it could affect workers
▼ + stars: | 2024-08-12 | by ( Tami Luhby | Matt Egan | ) edition.cnn.com time to read: +6 min

But the move likely wouldn’t help many tipped workers, largely because a sizable share don’t earn enough to pay federal income taxes, experts say. Harris would couple her plan to eliminate taxes on tips with a push for Congress to raise the minimum wage, a Harris campaign official said. Many states and municipalities have higher minimum wages and minimum tipped wages, while some states have eliminated lower minimum wages for tipped workers. Just excluding tips from federal income taxes could reduce revenues by at least $107 billion over 10 years, according to the Tax Foundation. Just getting rid of federal income taxes on tips would lead to a loss of about half that size.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Republican Sen, Ted Cruz of, Democratic Sens, Jacky Rosen, Catherine Cortez Masto, it’s, ” Ernie Tedeschi, Biden, ”, Erica York, ” York, Tedeschi, Ted Pappageorge, “, Pappageorge, Bethany Khan, CNN’s Aaron Pellish Organizations: CNN, Republican, Social Security, Democratic, Yale University, Budget, White House Council, Economic Advisers, Tax Foundation, Culinary Workers Union Local, Culinary Union Locations: Las Vegas, Ted Cruz of Texas, Nevada, York

☆ How Far Will a Reader Go to Hear Songs Inspired by Books?
▼ + stars: | 2024-08-06 | by ( Elisabeth Egan | ) www.nytimes.com time to read: +1 min

“It’s about this sense of something much bigger than we are,” Beth Porter told the audience at Rheged, an arts center in Penrith, just outside the Lake District in northern England. Five emergency bulbs illuminated Porter, her husband Ben Please and their menagerie of string instruments on the small stage. The pair glanced at one another across a pool of yellow light — a quick meeting of eyeballs. Porter kept singing. The journey from London had taken almost seven hours, significantly more time than when I first mapped the route from my desk in New Jersey.

Persons: ” Robert Macfarlane’s, ” Beth Porter, it’s, Porter, Ben Locations: Penrith, Lake District, England, London, New Jersey

☆ 3 reasons to worry about July’s weak jobs report — and 1 reason not to panic
▼ + stars: | 2024-08-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The Federal Reserve now has egg on its face after it kept interest rates near a quarter-century high earlier this week. By now, there’s ample evidence that the job market, a key driver of the US economy, has lost steam. Here are three reasons to be worried about July’s shockingly weak jobs report — and one silver lining. Consumer demand itself also hasn’t weakened just yet, despite the highest interest rates in more than two decades. Generally, the Fed makes its decision congruent with what’s going on with inflation or the job market.

Persons: , July’s, ’, ”, Claudia Sahm, Sahm, Elizabeth Crofoot, Alicia Wallace, Jerome Powell, ” Crofoot, ” Michael Gapen, Matt Egan, weren’t, ” Truist’s Keith Lerner, they’ll, hasn’t, ” Chris Rupkey, Alan Blinder, Paul Krugman Organizations: New, New York CNN, Federal Reserve, Fed, Bloomberg, Bank of America, Dow, Nasdaq, Wall, Investors, Labor, Citigroup, JPMorgan Locations: New York, decelerate, American

Vice President Kamala Harris’ presidential campaign said it raked in a whopping $310 million in its July fundraising efforts — more than double the amount raised by former President Donald Trump last month. Harris’ fundraising numbers mark the latest sign of how transformative and energizing the change to the top of the Democratic ticket has been among grassroots and high-dollar supporters. A majority of that $310 million haul, more than $200 million, was raised in the first week of Harris’ candidacy, the campaign said in a statement, with two-thirds of the fundraising coming from first-time donors to the campaign. The campaign also said it has $377 million cash on hand, while the Trump campaign has $327 million cash on hand. Read more here.

Persons: Kamala Harris ’, Donald Trump, Harris, Harris ’, Trump, outraised, Read Organizations: Democratic

☆ Scam victims on Zelle rarely get their money back. A new bill could fix that
▼ + stars: | 2024-08-02 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

Bank transfer or payment fraud losses spiked by nearly 150% over that span to $1.9 billion. The big banks that run Zelle in particular “rarely” reimburse customers duped by scammers, according to a recent Senate investigation. So Democrats in Congress are introducing new legislation that would seek to crack down on payment scams by closing loopholes in existing law. For instance, Zelle says that while customers hurt by unauthorized activity are “typically” able to get their money back, victims of scams may not. Under pressure from lawmakers, last year banks on Zelle began refunding some victims of imposter scams.

Persons: scammers, Maxine Waters, Sens, Richard Blumenthal, Elizabeth Warren, ” Blumenthal, “ Zelle, Zelle, Wells, ” Zelle, ” Ariana Duval, Duval, “, ” Duval, Cameron Fowler, EWS, ” Fowler, Fowler, he’s “, ” Organizations: New, New York CNN, Consumers, Bank, Republican, Rep, Senate, CNN, Homeland Security, Governmental Affairs, Investigations, Blumenthal, JPMorgan, Bank of America, North Carolina Agricultural, Technical State University, PayPal, Warning, Connecticut Democrat Locations: New York, Wells Fargo, Zelle, Connecticut

☆ Trump’s net worth has plunged $800 million since Harris entered the race for the White House
▼ + stars: | 2024-08-01 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Former President Donald Trump’s social media fortune is shrinking. The value of Trump’s stake in the corporate owner of Truth Social has dropped by $800 million since Vice President Kamala Harris entered the race for the White House on July 21. At the same time, Trump’s Truth Social struggles to gain traction in the social media world. Trump Media’s share price has experienced extreme turbulence since going public in late March. That’s despite the fact that JetBlue generated 2,300 times more revenue last year than Trump Media’s paltry $4.1 million.

Persons: Donald Trump’s, Kamala Harris, Joe Biden, Harris, Trump Organizations: New, New York CNN, White, Trump Media & Technology, Trump, Wall, TheRighting, Trump Media, JetBlue, That’s Locations: New York, Pennsylvania

☆ StubHub tricks people with ‘bait-and-switch’ pricing scheme, DC attorney general alleges
▼ + stars: | 2024-07-31 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Millions of sports fans and concertgoers are being duped by a deceptive pricing scheme at StubHub that hides the true cost of tickets until the very last moment, according to a lawsuit filed Wednesday by Washington, DC Attorney General Brian Schwalb. The lawsuit accuses StubHub of deploying pricing tactics that “trick” consumers into overpaying for tickets and are designed to boost profits. “StubHub uses a classic bait-and-switch scheme,” the lawsuit said, describing what’s known as “drip pricing” where only part of the product’s price is advertised initially. “We strongly support federal and state solutions that enhance existing laws to empower consumers, such as requiring all-in pricing uniformly across platforms.”According to the lawsuit, StubHub did use an “all-in pricing” model from 2014 to 2015 where the advertised prices included the mandatory fees. However, the company abandoned that more transparent model after testing found that customers were more likely to ultimately buy tickets when those fees are only shown at the end, the lawsuit said.

Persons: Brian Schwalb, StubHub, “, ” Schwalb, John Lawrence, ”, ” Lawrence Organizations: New, New York CNN, DC Locations: New York, Washington, DC

☆ In Harris, business leaders tired of Biden see a potential friend
▼ + stars: | 2024-07-30 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Some business leaders and wealthy donors are hopeful that Harris will adopt more centrist policies as she outlines her agenda, especially by dialing back Biden-era antitrust crackdowns. “CEOs are wildly excited about Harris,” Jeffrey Sonnenfeld, founder and president of the Yale Chief Executive Leadership Institute, told CNN in a phone interview. Sonnenfeld pointed to confidence that Harris will protect the rule of law and hopes for recalibrated trade, regulatory and tax policies. Meanwhile, Harris, somewhat of an unknown commodity on business policy, hasn’t said much about where she stands. Another key sticking point is energy, where Trump has tried to blame the Biden-Harris administration for periods of high gas prices.

Persons: Kamala Harris, Harris, Biden, ” Jeffrey Sonnenfeld, Sonnenfeld, Lina Khan, Khan’s, hasn’t, “, ”, Greg Valliere, Democratic megadonor Reid Hoffman, Khan, Hoffman, Barry Diller, Diller, It’s, ” Diller, ‘, haven’t, PCCC, Adam Green, Harris –, ” Green, Lina Khan –, ” Sonnenfeld, “ It’s, Douglas Farrar, Donald Trump, Joe Biden, Trump, ” Trump, “ You’re, Lauren Hitt, didn’t Organizations: New, New York CNN, Biden, Big Tech, Democratic, Yale, Leadership, CNN, Federal Trade Commission, Progressives, AGF Investments, Business, Big Oil, Microsoft, FTC, “, Activision, CNBC, IAC, Progressive, Khan, Public Citizen, AFL, NAACP, Harris Administration Locations: New York, North Carolina

☆ More than half of American renters who want to buy a home fear they’ll never afford one
▼ + stars: | 2024-07-29 | by ( Matthew Egan | Matt Egan | ) edition.cnn.com time to read: +5 min

Among those same renters who can’t afford to buy a home right now, 54% think it’s unlikely they’ll ever be able to, the poll found. The CNN poll found that 90% of renters younger than 45 say they’d like to buy but can’t afford it, compared with 79% of those age 45 and above. Most adults (53%) younger than 45 who want to buy but can’t afford it believe it’s at least somewhat likely they’ll eventually be able to buy a home. Among renters who want to buy but can’t afford it, 40% say the biggest barrier is saving for a down payment, according to the CNN poll. Seventy percent of Americans call owning a home essential to achieving the American dream, the CNN poll found.

Persons: SSRS, Brent Bjornsen, ” Bjornsen, Hurricane Harvey, We’re, ”, Baby, ’ Jeremy Andersson, Millennials, ” Andersson, “, Andersson, I’m, “ I’m, Zillow, they’ll, they’d, “ I’ve, “ It’s Organizations: New, New York CNN, CNN, Baby Boomers, Federal Reserve, National Association of Realtors, Covid Locations: New York, United States, America, Phoenix , Arizona, Houston, Atlanta , Georgia

☆ He Wrote a Story About Joy, Then Built a Tiny World to Match
▼ + stars: | 2024-07-26 | by ( Elisabeth Egan | ) www.nytimes.com time to read: 1 min

This story begins, as many of the best tales do, with the arrival of a dog. Early in the pandemic, Loren Long and his wife, Tracy, rescued Charlie, a tricolor hound with baleful eyes and a foghorn howl. He had energy to burn, so Long started running with him on a stretch of the Little Miami Scenic Trail, which meanders nearly 78 miles from Springfield, Ohio, to Cincinnati. Along their daily route, the pair passed an abandoned, rusted-out school bus moldering at the far end of a field. The faded yellow blended into a dense camouflage of trunks and leaves, but something about the bus caught Long’s eye.

Persons: Loren Long, Tracy, Charlie, Long, ” Organizations: Little Locations: Springfield , Ohio, Cincinnati

☆ LinkedIn billionaire is going all-in on Kamala Harris. But he wants her to make a big change
▼ + stars: | 2024-07-26 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —LinkedIn co-founder Reid Hoffman is throwing his financial firepower behind Vice President Kamala Harris. Ohio Sen. JD Vance, the GOP nominee for vice president, is a fan. Harris campaign: No discussions on replacing KhanHoffman told CNN he “certainly” hasn’t directly pushed Harris to replace Khan. A Harris campaign aide told CNN that there have been “no policy discussions” about replacing Khan at the current time. That was a mistake,” Hoffman told CNN.

Persons: Reid Hoffman, Kamala Harris, Hoffman, CNN he’s, Harris, United States ’, Lina Khan, “ Lina Khan, ” Hoffman, Joe Biden, “, Khan, ”, Bernie Sanders, Hoffman Khan, Sen, Mr, Hoffman ”, Massachusetts Sen, Elizabeth Warren, Khan . Ohio Sen, JD Vance, Vance, Biden, Khan Hoffman, hasn’t, Brian Fung, Douglas Farrar, Biden Harris, Harris team’s, ” Farrar, Farrar, “ Trump, Donald Trump, Trump, Steven Cheung, George Soros ”, Mark Cuban, Peter Thiel, Thiel, Arizona Sen, Mark Kelly, Josh Shapiro, Gretchen Whitmer, Gina Raimondo Organizations: New, New York CNN, LinkedIn, Biden, Harris, PAC, CNN, Federal Trade, Democratic, Microsoft, FTC, “, Big Oil, Big Tech, Forward PAC, GOP, Republican, Activision Blizzard, Mattress, Trump, US Chamber of Commerce, Arizona Locations: New York, United States, America, Vermont, Massachusetts, Khan . Ohio, Pennsylvania, Michigan

☆ Kamala Harris wants to be America’s first Silicon Valley president. She has tech’s support
▼ + stars: | 2024-07-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

New York CNN —With Vice President Kamala Harris the front runner to receive the Democratic Party’s nomination for president, America’s most powerful industry is set to have a candidate on the ballot from its home turf. Harris’ failed 2020 presidential bid received support from various tech luminaries, including Salesforce CEO Marc Benioff and legendary venture capitalist Ron Conway. Despite her friendly relationships with the industry’s leaders, Harris has also pushed for tech accountability in key areas. As vice president, Harris has taken a key role in the White House around establishing safety measures for artificial intelligence, which is widely viewed as the most consequential new technology in decades. In an interview with CNN, Hoffman added: “In Silicon Valley, actually there’s many threads that are very excited about her.

Persons: Kamala Harris, Harris, Sheryl Sandberg, Reed Hastings, Melinda French Gates, Donald Trump’s, Elon Musk, “ There’s, Biden, ” Aaron Levie, “, ” Harris, Sean Parker, she’s, Steve Jobs ’, Laurene Powell Jobs, Harris ’, Marc Benioff, Ron Conway, Mark Zuckerberg, ” Jeffrey Sonnenfeld, Trump Harris, Trump, ” Sonnenfeld, I’ve, didn’t, ” Levie, “ Kamala Harris, Reid Hoffman, Hoffman, …, – CNN’s Matt Egan Organizations: New, New York CNN —, Democratic, Bay Area, Netflix, White, CNN, Cambridge, OpenAI, Google, Microsoft, Yale School of Management, Trump Locations: New York, Oakland , California, California, White, Silicon Valley, Silicon

☆ ‘It was humiliating.’ Evictions in these cities are worse than before Covid
▼ + stars: | 2024-07-24 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —A toxic mix of surging rental rates and vanishing support for renters has catapulted evictions above pre-pandemic levels in some major cities. Evictions have increased most significantly in Sun Belt cities where housing affordability has worsened and where renters often have fewer protections. Other cities, including Minneapolis (+44%) and Columbus, Ohio (+37%), are also experiencing higher levels of evictions than before the pandemic. Three-quarters of the 34 cities tracked by the Eviction Lab had evictions increase between 2022 and 2023. The vast majority of evictions are for issues related to nonpayment of rent, according to the Eviction Lab.

Persons: ”, Chris Salviati, Kristolyn Lloyd, you’re, ” Lloyd, —, Yuki Iwamura, “, Lloyd, ‘, ’ ” Lloyd, Diane Yentel, Brett Coomer, Jacob Haas, it’s, Haas, Heather Vargas, she’s, Vargas, ” Vargas Organizations: New, New York CNN, Princeton University ., Broadway, CNN, Bloomberg, Getty, Income Housing Coalition, Princeton’s, Houston, Harvest Time, Houston Chronicle, Investors Locations: New York, Sun Belt, Gainesville , Florida, Houston, Nashville, Fort Worth , Texas, Minneapolis, Columbus , Ohio, Columbus, Las, New York City, Covid, Manhattan, Queens, Texas, Florida, Atlanta, Las Vegas, Phoenix, Harris, South Carolina, Philadelphia, Wilmington , Delaware, Miami, Cleveland, San Diego, Citrus, Califonia, ”

☆ Chicago-area gas prices are surging after a tornado nearly took out a refinery
▼ + stars: | 2024-07-24 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Gas prices have spiked in and around Chicago after a tornado sidelined a major ExxonMobil oil refinery last week. A gallon of gas in Chicago is now selling for an average of $4.34, according to AAA. That’s 27 cents more expensive than just a week ago after a tornado narrowly missed the Joliet Refinery and knocked power out to the Channahon, Illinois, facility. Gas prices have also jumped in nearby Michigan, another battleground state in the upcoming presidential election. “It will increase supply and lower prices,” Lipow said.

Persons: it’s, Kamala Harris, Andy Lipow, there’s, Catie Tuley, “ We’ve, ” Tuley, Lipow, ” Lipow Organizations: New, New York CNN, AAA, Joliet Refinery, Chicago, Lipow Oil Associates, Exxon, CNN, Wednesday, Environmental Protection Agency, EPA Locations: New York, Chicago, Joliet, , Illinois, Gary, Indiana, Wisconsin, Kenosha County, Milwaukee, Waukesha, Racine, Michigan, Gulf

☆ 39% of Americans worry they can’t pay the bills
▼ + stars: | 2024-07-23 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —Many Americans regularly worry they won’t be able to make ends meet. Even higher percentages of Latino (52%) and Black (46%) Americans said they’re worried most or all of the time about making ends meet, according to the poll. More than half (55%) of those making less than $50,000 a year similarly worry about having enough money to meet expenses. Even higher percentages of Latinos (52%), Black Americans (44%) and those under the age of 45 (47%) say they’ve taken extra work. Others say they’ve cut back on driving (41%) and they are taking on credit card debt to afford necessities (37%).

Persons: they’re, it’s, ”, Angela Russell, Russell, – they’re, Greg McBride, they’ve, McBride, who’ve, “ I’ve, Joe Biden, CNN’s Ariel Edwards, Levy, Dana Elobaid Organizations: New, New York CNN, CNN, Centers for Disease Control, Prevention, Bureau of Labor Statistics, Bankrate, Ohio, Walmart, SSRS Locations: New York, Ohio, Cincinnati

☆ Chicago gas prices could soar after tornado narrowly misses refinery
▼ + stars: | 2024-07-17 | by ( Chris Isidore | Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Gas prices could soon soar across the Chicago metropolitan area after a tornado narrowly missed a major ExxonMobil refinery outside of Chicago Monday night, knocking out power to the facility. The refinery, know as ExxonMobil’s Joliet Refinery, is located in neighboring Channahon, Illinois. The line of storms that hit the area Monday night produced 11 tornadoes in the greater Chicago area, including the one that hit Channahon, according to the National Weather Service. It will take a few days to return the Joliet refinery to normal production, assuming no damage occurred beyond the power outage, Lipow said. The the Chicago area is already at $4.07 a gallon, according to AAA, but that average price, based on Tuesday’s prices, was down 1 cent from the previous day.

Persons: John Petrakis, Andy Lipow, ”, Tom Kloza, Beryl’s, Lipow Organizations: New, New York CNN, ExxonMobil, Channahon, CNN, Lipow Oil Associates, ExxonMobil Joliet, Chicago, National Weather Service, AAA Locations: New York, Chicago, Joliet Refinery, Channahon , Illinois, Chicagoland, Whiting Indiana, Lemont Illinois, Houston, Joliet, Gulf

☆ Google is close to making its biggest acquisition ever
▼ + stars: | 2024-07-15 | by ( Matt Egan | Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN. A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google on cybersecurity, marking the tech giant’s biggest-ever acquisition. Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said. Google Cloud is central to the company’s efforts to diversity revenue beyond its core search advertising business. Notable customers include BMW, Slack and Salesforce, and it works with major cloud companies including Amazon, Microsoft and Google.

Persons: Wiz, Dan Ives, Biden, Trump, Ives, — Assaf Rappaport, Ami Luttwak, Yinon Costica, Roy Reznik, Slack Organizations: New, New York CNN, Google, CNN, Wiz, Wall Street, Motorola, Microsoft, Wedbush, White, Federal Trade Commission, Big Tech, Israel Defense Forces, Fortune, BMW, Amazon Locations: New York, New York City

☆ Trump Media shares spike 50% after assassination attempt
▼ + stars: | 2024-07-15 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

At current prices, Trump’s 114.75 million shares in Trump Media are worth about $5.6 billion. Trading under the ticker symbol “DJT,” Trump Media has achieved a massive valuation despite making little revenue and Truth Social remaining a tiny player in social media. For months, Trump Media has been a way for investors to bet on Trump returning to the White House, making Truth Social the primary platform for presidential communications. Trump Media recently announced it has been added to the Russell 1000 Index of large-cap stocks and the Russell 3000 Index. As a result, countless retail investors now own a piece of Trump Media through mutual funds and exchange-traded funds (ETFs).

Persons: Donald Trump’s, Trump, ”, Matthew Tuttle, ” Tuttle, Russell Organizations: New, New York CNN, Trump Media & Technology, Truth, Trump Media, Trading, ” Trump Media, Trump, White, Tuttle Capital Management, CNN Locations: New York, Butler , Pennsylvania, Milwaukee

☆ How AT&T customers can protect themselves in the latest data breach
▼ + stars: | 2024-07-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —If you were an AT&T cellphone customer in 2022, your call data was possibly breached to bad actors. AT&T said Friday that data was breached from “nearly all” of its cellular customers and the customers of wireless providers that used its network between May 1, 2022, and October 31, 2022. The records of a “very small number” of customers from January 2, 2023, were also breached, AT&T said. What they did get is metadata — call logs that contain a record of every number AT&T customers called or texted (including customers of other wireless networks), the number of times they interacted and the call duration. The age of artificial intelligence makes this even more pressing, according to Collin Walke, cybersecurity and data privacy partner at Hall Estill.

Persons: ”, John Dwyer, Collin Walke, ” Walke, Walke, Dwyer, ” Dwyer, ” Eric Noonan, CyberSheath, CNN’s Matt Egan, Sean Lyngaas Organizations: New, New York CNN, Bank of America, Binary Defense, Hall Locations: New York, “, —

☆ Nearly all AT&T cell customers’ call and text records exposed in a massive breach
▼ + stars: | 2024-07-12 | by ( Matt Egan | Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —The call and text message records of tens of millions of AT&T cellphone customers in mid-to-late 2022 were exposed in a massive data breach, the telecom company revealed Friday. The records of a “very small number” of customers on January 2, 2023 were also implicated, AT&T said. The breach also included AT&T landline customers who interacted with those cell numbers. Additionally, AT&T said that for an undisclosed subset of its records, one or more cell site identification numbers linked to the calls and texts were also exposed. In the new incident, AT&T told CNN it learned in April that customer data was illegally downloaded from its workspace on Snowflake, a third-party cloud platform.

Persons: “, ”, Alex Byers Organizations: CNN, US Department of Justice Department Locations: –

☆ Your bank is about to reveal key information about the US economy’s health
▼ + stars: | 2024-07-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Dave Sekera, chief US market strategist at Morningstar, says that he’s watching for insights on banks’ delinquency rates. Consumers have increasingly fallen behind on or missed payments in recent months as they get squeezed by high interest rates. But banks could see higher losses compared to 2023 if the economy were to experience a downturn, the Fed warned. Investors are wagering that the central bank will begin easing rates as soon as September, according to the CME FedWatch Tool. “The worst outcome for all of us is what you call stagflation: higher rates and recession,” Dimon said in an interview with CNBC.

Persons: Wells Fargo, Goldman Sachs, Dave Sekera, Stocks, JPMorgan Chase, Jamie Dimon, Dimon, Matt Egan, it’s, ”, Joe Brusuelas, Mark Zandi, ” Zandi, “, Jerome Powell, Erika Tulfo, “ It’s, Neil Saunders, Abrigo, Gen Organizations: CNN Business, Bell, New York CNN, United, United States ’, JPMorgan Chase, Citigroup, Bank of America, Morningstar, Federal Reserve Bank of New, Fed, Federal Deposit Insurance Corporation, JPMorgan, CNBC, Federal, RSM, “, Moody’s, CNN, GlobalData, Apple Locations: New York, United States, Federal Reserve Bank of New York, China

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