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CNN —Elon Musk has long been known for his competitive spirit — and for his list of rivals. That could come in the form of starting or dropping government investigations, creating or weakening regulations, and awarding government contracts to the benefit of Musk’s companies. OpenAI called Musk’s claims “incoherent” and “frivolous.” And Musk dropped the suit after OpenAI published several of Musk’s emails from OpenAI’s early days. Musk and Ramaswamy’s DOGE effort has an expiration date in 2026, but some who know Musk wonder if his relationship with Trump will sour sooner than that. But until then, Musk said the best way for him to be lobbied is on X, his social media platform.
Persons: CNN — Elon Musk, Meta’s Mark Zuckerberg, Jeff Bezos, OpenAI’s Sam Altman, Elon, , Hey, Musk, Jeff Bezos Bezos, Donald Trump’s, SpaceX’s Starlink, Jim Cantrell, Cantrell, ” Cantrell, Trump, Origin's, Wally Funk, Oliver Daemen, Mark Bezos, Joe Raedle, Jared Isaacman, Bezos, , he’s, ” Bezos, ” Sam Altman, Altman’s OpenAI, , Altman, Greg Brockman, OpenAI, David Sacks, Sacks, Gil Luria, Davidson, Zuckerberg, ” Luria, ” Altman, ” Mark Zuckerberg Mark Zuckerberg, David Zalubowski, AMOS, Nick Clegg, ” Clegg, Brendan Carr, Trump’s, they’ve, ” Carr, that’s, Tesla, Missy Cummings, Vivek Ramaswamy, Musk’s, Ramaswamy, ” Musk Organizations: CNN, Trump, SpaceX, NASA, International Space, Space Corporation, Shepard, New York Times, OpenAI, Microsoft, Trump —, White, PayPal, Internal Revenue Service, Meta, Colorado Convention, Mar, BBC, Republican, Federal Communications Commission, Fox Business, Trump’s, Traffic Safety Administration, Department of, Energy, Energy Department Locations: Van Horn , Texas, Washington, Colorado, Denver, Trump, Georgia
My husband and I bought a storage unit business because we couldn't afford my daughter's college. We found a fixer-upper mini storage business for sale and used Lauren's college savings as seed money to make the down payment. Related storiesOwning a storage unit business is nothing like I expectedBefore we bought the business, I assumed people would store their stuff, pay their rental fees, and eventually move on. One potential customer had just split up with her boyfriend, and as I explained the cost of renting storage space, I sensed her reluctance. AdvertisementThough it's difficult, the business works for usOwning a mini storage business has been more interesting and challenging than I thought it would be.
Persons: Lauren, It's, I'd, I've, we've Locations: Eastern Europe, California
For people struggling with their weight, these drugs can seem like a miracle. AdvertisementThe marketplace is awash in companies trying to ride the Ozempic wave by selling compounded semaglutide, knockoff drugs, and similar-sounding supplements. Even big-name telehealth companies are sending medications to patients without a lot of supervision. To ward off telehealth companies, Eli Lilly cut the price of Zepbound for certain patients who order directly from the company, though the drug is still pricey. She's switched providers — she's now getting her medication from Hers — and continues to shed weight.
Persons: Kelly, she's, Kelly isn't, semaglutide, Eli Lilly —, John Hertig, Jessica Bartfield, Natalia Mehlman Petrzela, Bartfield, riffing, Jane Fonda, Mehlman Petrzela, it's, She'd, Eric Feinberg, Feinberg, he's, Michael Jabbara, Jabbara, willy, Eli Lilly, they're, Anthony Mahajan, Hertig, that's, Kelly hasn't, She's, hasn't, she'll, Emily Stewart Organizations: Google, Better Business, Novo Nordisk, and Drug Administration, Butler University's College of Pharmacy, Health Sciences, NBC News, FDA, Wake, Weight Management, The New, Coalition, Novo, Visa, WHO, Health Law Alliance, , Business Locations: Florida, WhatsApp
Insider Today: Bernie talks Elon, RFK Jr.
  + stars: | 2024-12-08 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
You can sign up for Business Insider's daily newsletter here. Business Insider's Mia de Graaf recently got the chance to sit down with Sen. Bernie Sanders to discuss the incoming administration. Adobe's data showed $10.8 billion in Black Friday e-commerce sales, while Cyber Monday hit $13.3 billion, new records for both days. Khosla Ventures; Salesforce Ventures; Menlo Ventures; 500 Global; Business InsiderBI asked readers and top venture capitalists to name the promising young VCs in their networks. This year's investors come from a wide array of backgrounds and a range of different roles.
Persons: Mia de Graaf, Sen, Bernie Sanders, Elon Musk, Robert F, Kennedy Jr, Jenny Chang, Rodriguez, That's, Jon Chu, Caroline Fiegel, Deedy Das, Iris Sun, Shrestha, BI Brothers Roy, Ryan Seiders, iStock, Rebecca Zisser, boomers, they're, — Mark Andrews Organizations: Business, Adobe, Khosla Ventures, Salesforce Ventures, Menlo Ventures, BI Brothers, Homeowners, that's
Hiring for roles in semiconductor manufacturing could come under the Trump administration. AdvertisementThe Biden administration's efforts to boost US semiconductor manufacturing and employment could bear fruit during the Trump administration. When reached for comment, the Trump-Vance transition team didn't respond to a question about Trump's plans to boost US semiconductor manufacturing employment. Samsung is projecting that it will begin chip production at its chip factory in Taylor, Texas in 2026. Advertisement"The point is to have more chip manufacturing, which will mostly come over the next few years," he said.
Persons: Trump, Biden, Donald Trump, Jeff Koch, SemiAnalysis, Koch, Stephen Ezell, Joe Biden, Jimmy Goodrich, Vance, TSMC, Clay, Chris Miller Organizations: Biden, Intel, Samsung, Micron, SK Hynix —, Information Technology, Innovation Foundation, Trump —, Semiconductor Industry Association —, RAND Corporation, SK Hynix, Trump, Apple, Phoenix, Reuters, Commerce Department, American Enterprise Institute Locations: Taiwan, Boise , Idaho, Clay , New York, Boise, The Boise, South Korea, West Lafayette , Indiana, Taylor , Texas
A federal judge approved a landmark class action settlement this week between Aetna and same-sex couples in New York who alleged the insurance behemoth had discriminated against them and other LGBTQ customers seeking fertility treatment. The judge’s sign-off on the settlement marks the first time LGBTQ couples who were previously denied fertility coverage in the U.S. can apply to be reimbursed. Courtesy Emma GoidelEmma Goidel and her spouse, Ilana Caplan, filed a lawsuit against Aetna in 2021 after the health insurer denied several of their requests for covering their fertility treatments. The couple, who were represented by the National Women’s Law Center, said they spent more than $50,000 out of pocket to conceive their second child. Michael Nagle / Bloomberg via Getty Images fileThirteen states require insurers to cover fertility treatments for same-sex couples who cannot conceive on their own, according to RESOLVE, a national infertility association.
Persons: behemoth, Ilana Caplan, Emma Goidel, Emma Goidel Emma Goidel, ” Goidel, , they’re, ” Aetna, Michael Nagle, , Allison Tanner Organizations: Aetna, CVS Health Corp, National Women’s Law, Bloomberg, Getty Locations: New York, U.S, Hartford, Conn
Yelp identified the 25 best new restaurants in the US in 2024 based on customer reviews. The highest number of top-rated new restaurants are located in California and Texas. To help you decide, Yelp ranked the top 25 new restaurants in the country — selecting eateries that opened after January 1, 2023 —based on total volume and review ratings of restaurants from January 1, 2023, to September 1, 2024. Business Insider identified the best thing to order from the top 25 new restaurants, and what customers say about each spot. AdvertisementHere are the 25 best new restaurants in the US, according to Yelp.
Persons: Yelp, It's, Tara Lewis Organizations: National Restaurant Association Locations: California, Texas, New York City, Washington
Retail returns: An $890 billion problem
  + stars: | 2024-12-07 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +3 min
Nearly two-thirds of consumers now buy multiple sizes or colors, some of which they then send back, a practice known as "bracketing," according to Happy Returns. What happens to your returnsProcessing a return costs retailers an average of 30% of an item's original price, Optoro found. But returns aren't just a problem for retailers' bottom line. Returns in 2023 created 8.4 billion pounds of landfill waste, according to Optoro. In 2023, 81% of U.S. retailers rolled out stricter return policies, including shortening the return window and charging a return or restocking fee, according to another report from Happy Returns.
Persons: Stephanie Keith, Optoro, David Sobie, aren't, Spencer Kieboom, Rachel Delacour Organizations: FedEx, Bloomberg, Getty, U.S . Environmental Protection Agency, Amazon Locations: New York, U.S
There's a bunch of buy-rated stocks that have plenty more room to run, according to Bank of America. The stock is and Poonawala also raised his price target on the stock to "Time to revisit Citi," he said succinctly. Meanwhile, Booz shares are "Firing on all cylinders: civil, intel, defense," she went on to say. Affirm Affirm's "fundamentals firing on all cylinders," the firm wrote of the fintech payment platform. Growth businesses are firing on all cylinders.
Persons: Booz Allen Hamilton, Ebrahim Poonawala, Trump's, Poonawala, Trump, Mariana Perez Mora, Booz, Perez Mora, investor's, BAH, Jason Kupferberg, BNPL, Kupferberg, ServiceNow Organizations: Bank of America, Citigroup, Booz, Citi, intel, Booz Allen, Tech Locations: U.S
Below, we've put together everything you need to know about how to watch Penn State vs. Oregon, including how to live stream the Big Ten Championship without cable. The Penn State Nittany Lions have one other Big Ten Championship appearance, a 2016 win against Wisconsin. What channel is Penn State vs. Oregon on? Check price at FuboHow to watch Penn State vs. Oregon from anywhereYou can still keep up with the Oregon vs. Penn State game even if you're traveling abroad with the help of a VPN (virtual private network). Check price at ExpressVPNHow to watch Penn State vs. Oregon with a VPNSign up for a VPN if you don't have one.
Persons: we've, it's, Fubo, VPNs, ExpressVPN Organizations: Business, Big Ten, Penn, Penn State, Big, Ohio State, Oregon Ducks, Penn State Nittany Lions, Wisconsin, Ducks, Nittany Lions, CBS, . Oregon, Paramount Plus, DirecTV, Paramount, Showtime, Nickelodeon, Comedy Central, BET, MTV, DirecTV Stream, Oregon Locations: Oregon, Penn State, . Oregon, Michigan, United States, .
Louise Delmotte/AP The choir, clergy and congregation stand to sing during the grand reopening ceremony of Notre Dame cathedral in Paris on Saturday. Ludovic Marin/Pool/Reuters Spectators gather outside Notre Dame as it is lit with the words for "Thank you" in multiple languages. Bernat Armangue/AP People walk along the banks of the Seine opposite Notre Dame cathedral on December 7 hours before its formal reopening. Stephane de Sakutin/Reuters Pedestrians stop and look at Notre Dame cathedral on November 28 ahead of the reopening. By the time some 600 firefighters had doused the fire’s final flames, much of Notre Dame, a jewel of Gothic architecture, lay in ruins.
Persons: Donald Trump, Jill Biden, Elon Musk, Britain’s Prince William, Emmanuel Macron, Volodymyr Zelensky, Macron, Pope Francis, Sarah Meyssonnier, SARAH MEYSSONNIERMARTIN, Martin, ” Macron, , Dimitar Dilkoff, Thibault Camus, Christophe Petit Tesson, Louise Delmotte, Ludovic Marin, Alessandra Tarantino, Paris Mayor Anne Hidalgo, Brigitte Macron, Paris Laurent Ulrich, Bernat, Stephane de Sakutin, Viollet, Louis XIII, Marie Parant, Guillaume Bardet, , Saint Louis, Sylvain Dubuisson, Laurent Ulrich, Anne Hidalgo, King Louis the IX, It’s, Thomas Hubert, SIPA, Joel Saget, Geoffroy Van der, Ian Langsdon, Geoffroy Van Der, Nicolas Liponne, Victor Hugo’s, Quasimodo, crozier, Thomas Samson, Kiran Ridley, Paris ”, , Notre, Philippe LOPEZ, STEPHANE DE, PHILIPPE LOPEZSTEPHANE DE, Philippe Lopez, Stephane De Sakutin Organizations: Paris CNN —, Notre Dame de Paris, Global, Trump, UNESCO, Dame, Paris, Notre, Martin, Getty, Notre Dame, Getty Images, Firefighters, Paris Mayor, Shutterstock Workers, Dame Cathedral Locations: Paris, Notre, AFP, Seine, French, France, Geoffroy Van der Hasselt, Geoffroy Van Der Hasselt
More than 58 million Americans have had packages stolen in the past year, per a recent survey. PorchPals founder James Moore explains the surprisingly tricky math needed to solve the problem. Moore told BI that PorchPals used three separate actuarial teams working independently on the problem to reach a comparable risk profile. AdvertisementOf course, some households experience multiple thefts, and PorchPals estimates the number of stolen packages at around 119 million last year. "In porch theft it's different.
Persons: PorchPals, James Moore, Moore, Lockton, It's Organizations: Actuarial Resources, PorchPal's underwriters, Lloyds, London's, Syndicate Locations: California
Executive security is getting a closer look after the fatal shooting of UnitedHealthcare's CEO. Private security companies say they've gotten an influx of calls. Executive security spending at S&P 500 companies has been on the rise — doubling from 2021 to 2023. AdvertisementFollowing the fatal shooting of United Healthcare CEO Brian Thompson this week, some high-level executives are ramping up their own security. "If these incidents become more frequent, the atmosphere surrounding the purchase of security services will change drastically," he cautioned.
Persons: they've, Brian Thompson, Jeffrey Sonnenfeld —, , Sonnenfeld, Michael Kozhar, Kozhar, hasn't, Matthew Dumpert, he'd, Dumpert, Thompson, it's, Chris Pierson Organizations: United Healthcare, Service, Trump, Studies, Yale, NYPD, International Security Services, Inc, Brooklyn, Kroll Enterprise Security Risk Management, CNBC, Allied, Fortune, New York Times, Times, Business, United Health Group Locations: Manhattan, beefed, Midtown Manhattan
"Right off the bat, this guy had a day to get away," Alcazar told NBC News. They probably already have a lot more information about him than they are letting on to the public." "That might be the lead the NYPD needs," retired NYPD Detective Jillian Snider told MSNBC. Meanwhile, the shooter shooter fled on foot and then on a rental bike, Tisch said. Before the shooting, the gunman bought a water bottle and two protein bars from a nearby Starbucks and discarded the items, the sources said.
Persons: Brian Thompson, Michael Alcazar, John Jay, Alcazar, Jillian Snider, Tom Verni, MSNBC's Jose Diaz, Verni, Joseph Kenny, Kenny, ” Thompson, Jessica Tisch, , ” Tisch, Tisch, Thompson, , UnitedHealthcare, Thompson’s, There’s, we’ve Organizations: New York Police Department, Former NYPD, John, John Jay College of Criminal, NBC, NYPD, MSNBC, Port Authority, New York Hilton, Police, Mount Sinai West, NBC News, Greyhound Locations: Manhattan, New York City, Minnesota, Mount, Mount Sinai West Hospital, Central Park, Midtown Manhattan, Atlanta
The Consumer Financial Protection Bureau on Friday charged Comerica Bank with abusing and neglecting vulnerable customers who receive federal benefits. Direct Express card users are primarily elderly and disabled Social Security beneficiaries who otherwise lack access to traditional forms of banking. As a result, Direct Express cardholders were not able to dispute charges and bookkeeping errors. Through the vendors, Comerica forced Direct Express cardholders to pay ATM fees to access their government benefits in situations where the cardholders were entitled to free withdrawals. “Today, the CFPB doubled down by filing a countersuit against Comerica Bank,” a Comerica spokesperson said Friday.
Persons: , Rohit Chopra, who’d, cardholders, Comerica, CFPB, , Donald Trump, Elon Musk, Jesse Van Tol Organizations: Consumer Financial, Comerica Bank, Social Security, Comerica, U.S . Department of Treasury, Direct, “ Comerica, Comerica ”, , U.S . Treasury Department, National Community Reinvestment Coalition, NBC News, Federal Reserve Locations: Texas, U.S
AdvertisementStarbucks CEO Brian Niccol aims for a brewed cup of coffee to take less than 30 seconds to prepare. Starbucks plans to enhance mobile orders and transparency around pricing, Niccol said. Starbucks' new CEO, Brian Niccol, says he hopes customers will one day be able to get a brewed cup of coffee in less than 30 seconds. "My hope is we can get you a brewed cup of coffee in less than 30 seconds." Niccol joined Starbucks as its CEO in September after spending six years at the helm of Chipotle.
Persons: Brian Niccol, Niccol, We've Organizations: ABC, Starbucks, America, GMA
AdvertisementAWS launched new AI chips that compete with Nvidia's GPUs. Amazon Web Services launched an upgraded line of AI chips this week, putting the company squarely in competition with Nvidia. Q: There have been a lot of headlines saying Amazon is out to get Nvidia with its new AI chips. AdvertisementIn a nutshell, we want to continue to be the best place for GPUs and, of course, Trainium when customers need it. Q: And you're not seeing that yet for AMD's AI chips?
Persons: Gadi Hutt, Hutt, Pat Gelsinger, It's, it's, We're, I'm, there's, Matt Garman, Matt, , Andy Jassy, Rufus Organizations: Nvidia, Intel, AMD, Amazon Web Services, Annapurna Labs, AWS's, Anthropic, Amazon, Blackwell, AWS, Rainier, Apple, Companies, Netflix Locations: Gadi Hutt
Alpecin's caffeine-infused shampoo boosts hair fullness but warns athletes about doping test detection. The brand markets its shampoo as "doping only for your hair," blending science and transparency. For the brand, this overlap represents a challenge and an opportunity: Positioning its product as performance-enhancing yet safe, while addressing the concerns of competitive athletes. Hair care and conscious marketingIn hair care, caffeine's reputation is a bit more nuanced. "Our laboratory developed the first ever caffeine shampoo to boost hair performance for men.
Persons: WADA, Eduard Dörrenberg, it's, Dörrenberg, Alpecin's, Organizations: , Insider Studios, Alpecin Locations: German, Alpecin, United States
Amazon unveiled a new series of AI models called Nova this week. Amazon believes AI models are not in a winner-take-all market. Google has a leading AI model in Gemini, but also provides access to other models through its Vertex cloud service, and Microsoft has a similar offering. As a result, Anthropic, which Menlo Ventures has backed, doubled its share in the AI model market to 24% this year, while OpenAI's share dropped from 50% to 34% year-over-year, according to the report. Having its own advanced, powerful AI models could help Amazon.
Persons: OpenAI, AWS's, Swami Sivasubramanian, Sivasubramanian, Swami Sivasubramanian Noah Berger, Noah Berger, ChatGPT, Andy Jassy, he's, Jassy, Rahul Parthak, Parthak Organizations: Amazon, Services, Companies, Google, Microsoft, Menlo Ventures, AWS
Fans of McDonald's Snack Wrap, rejoice — the fast-food giant is finally bringing the popular menu item back. On Thursday, Joe Erlinger, the president of McDonald's US, confirmed on "Good Morning America" that the Snack Wrap will return next year. McDonald's Snack Wraps — chicken, lettuce, and cheese wrapped in a tortilla — were launched in 2006. AdvertisementThe Snack Wrap was officially discontinued in the US in 2020 as part of a menu simplification. AdvertisementHowever, the exact launch date of the Snack Wrap remains unclear; Erlinger declined to share specifics while on the show.
Persons: Joe Erlinger, Erlinger, Heidi Klum, that's, I'm, Ian Borden, McDonald's Organizations: Bloomberg, CNN, Business
AdvertisementShake Shack's founder, Danny Meyer, said that always saying "yes" to the customer is risky. But he said that if taken too far, a company's strength in saying "yes" to the customer could become a weakness. "That doesn't work to the benefit of the average customer," Meyer said. "And the average customer may have a declining good experience because of all the hospitality we're giving, saying 'yes.'" AdvertisementRepresentatives for Shake Shack did not respond to a request for comment from Business Insider, sent outside regular business hours.
Persons: Danny Meyer, Meyer, Shake, Brian Sozzi, Sozzi, Brian Niccol, Niccol, Shake Shack Organizations: Yahoo, Park, Square Hospitality, Gramercy, Shake, Business Locations: New York
AdvertisementExecs for Walmart, Target, and more retailers have used similar descriptions of US consumer health. BI combed through earnings call transcripts to round up the words they're using to talk about shoppers. If those words describe how you're feeling amid holiday spending, you're far from alone. AdvertisementLike McMillon, Target CEO Brian Cornell called out the toll high prices are taking on American households during his quarterly earnings call in November. Of course, retailers have been using words like pressured, stretched, and cautious to talk about their customers for several years now.
Persons: Doug McMillon, Morgan Stanley, Brian Cornell, They're, Cornell, Michael Creedon, Corie Barry Organizations: Walmart, Target, Morgan, Morgan Stanley Global Consumer & Retail Conference
The best credit cards for travel include airline credit cards, hotel credit cards, and travel rewards credit cards. You can also get credit cards for small business use, or consider starter credit cards and student credit cards if you're new to credit. Pairing with travel rewards cards — Several major issuers, including Chase, American Express, Wells Fargo, and Citi, let cardholders combine rewards between cash-back credit cards and travel rewards credit cards. Pros and cons of cash back credit cardsCash-back credit cards have their pros and cons, as we've already seen thus far. Cash-back credit cards often offer fewer perks, smaller welcome bonuses, and limited redemption opportunities compared to travel rewards credit cards.
Persons: Wells, Cash, Cardholders, you'd, — Cash, Chase, shouldn't, you've Organizations: Business, Citi, Wells, Bank of America, Bank of America loyalists, American Express, American, Amazon.com, Visa, Amazon Locations: Wells, Wells Fargo, Rakuten
In this article AAL Follow your favorite stocks CREATE FREE ACCOUNTAirlines may not be fans of "skiplagging," but travelers who use it to save money on flights surely are. Why longer flights can be cheaperZaman explained why some connecting — and thus longer — flights are cheaper than flying direct. During the trial, evidence showed that American Airlines does not have a no-fly list for skiplagging customers, Zaman added. In the past 12 months, 22 Skiplagged.com customers were tripped up by failing to produce a visa for their flight. However, these types of issues affected just 0.3% of Skiplagged's customers, Zaman said.
Persons: Aktarer Zaman, I've, Skiplagged.com, Zaman, Skiplagged, It's, We've, skiplagging Organizations: Flyers, American Airlines, skiplagging, American, United Airlines, Southwest Airlines, Airlines, CNBC Travel Locations: , London, Boston, New York, Burger
AdvertisementAuto execs see an opportunity to roll back state EV mandates under President-elect Donald Trump. Nissan and Toyota say state rules requiring a rapid uptick in EV sales are unrealistic. Some auto executives see an opportunity with the incoming Trump administration to roll back state rules requiring a rapid uptick in electric vehicle sales. AdvertisementNow the industry is strategizing how to influence Trump, including on EV sales requirements they view as too ambitious. Those federal rules aren't an "EV mandate," as Trump falsely said on the campaign trail.
Persons: Donald Trump, Trump, Papin, That's, EVs, Biden, Dave Kelleher, Karoline Leavitt, John Bozella, Jack Hollins, Paul Jacobson, Jacobson, It's Organizations: Nissan, Toyota, Trump, EV, Environmental Protection Agency, BMW, Ford, Honda, Volkswagen, Biden, EPA, Chrysler, Dodge, Alliance for Automotive Innovation, Natural Resources Defense Council, Street Journal, General Motors, California's EV, it's Locations: China, California, New York, Washington, DC, Washington ,, Michigan, Pennsylvania, It's China, it's Europe
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