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The decision not to publish the Harris endorsement was made by The Post’s owner, billionaire Amazon founder Jeff Bezos, according to the sources. We don’t see it that way," Will Lewis said in a statement about the decision published on The Post's website. The Post has endorsed a presidential contender in every general election since 1992. Trump sharply criticized Bezos during his presidency and derided the newspaper as "The Fake News Washington Post." Shortly after The Post announced its decision, Soon-Shiong tweeted a screenshot of an article about the news.
Persons: Harris, Jeff Bezos, Will Lewis, Lewis, , Marty Baron, Baron, Donald Trump, Bezos, Trump, Karen Attiah, Kamala Harris, Semafor, Patrick Soon, Mariel Garza, Garza, Shiong Organizations: Washington, Amazon, NBC News, News Washington Post, Los Angeles Times, Columbia Journalism, White, Editorial, Post
Hong Kong CNN —Two tickets for passage on what could be the first Chinese rocket ship to take tourists to space were sold Thursday, according to a livestream held by the company, as the country’s commercial space firms aim to join a small but expanding global space tourism industry. Some 3 million people tuned in to the broadcast on Chinese shopping platform Taobao, which was the first time a Chinese firm has put tickets for space tourism up for public sale. Deep Blue Aerospace CEO Huo Liang (center) sells two tickets for his company's 2027 spaceflight alongside two hosts during a livestream on commerce platform Taobao. Amazon founder Jeff Bezos’ Blue Origin completed its first commercial human space flight with four private citizens in 2021, while Virgin Galactic, the space tourism venture founded by British billionaire Richard Branson, began offering regular trips to the edge of space last year. Deep Blue Aerospace is not the only Chinese firm with a plan to send humans to space.
Persons: , , SpaceX’s, Huo Liang, Huo, , what’s, Jeff Bezos, Richard Branson, Taobao Organizations: Hong Kong CNN, Deep Blue Aerospace, Aerospace, ” Companies, Blue Aerospace, Virgin Galactic, Companies, Polaris, Space Locations: Hong Kong, China, United States, British,
The Washington Post's non-endorsement of Donald Trump or Kamala Harris has kicked up controversy. AdvertisementExplaining the non-endorsement decision in LAAt the Los Angeles Times, owner Soon-Shiong posted on Twitter/X on Wednesday trying to explain the paper's non-endorsement. Earlier this summer, the Times' editorial board had already declared that Trump was "patently unfit for office" and "an imminent threat to democracy." "The non-endorsement undermines the integrity of the editorial board and every single endorsement we make, down to school board races. AdvertisementBut no matter what their intentions truly are, the Post and Times' non-endorsements are going to be seen as political statements — no matter what.
Persons: Donald Trump, Kamala Harris, , it's, Patrick Soon, Jeff Bezos, Will Lewis, Dia Dipasupil, Marty Baron, Donald Trump's, Lewis, Bezos, I've, Shiong, Trump, Mariel Garza, hadn't, Nika Organizations: Washington, LA Times, Service, Los Angeles Times, Post, New York Times, Editorial, Times, Columbia Journalism Locations: New, New York, LA, Gaza
The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. Andrew Harnik | Getty ImagesThe Washington Post said Friday that it will not endorse a candidate in the presidential election this year, breaking decades of tradition, and sparking immediate criticism of the decision. "The decision not to publish was made by The Post's owner — Amazon founder Jeff Bezos," The Post reported, citing two sources briefed on the events. Trump, while president, had been critical of Bezos and The Post. Nor in any future presidential election."
Persons: Andrew Harnik, Kamala Harris, Donald Trump, Jeff Bezos, Trump, Boris Johnson, Michael M, Will Lewis, Lewis, Mariel Garza, Patrick Soon, Shiong, Garza, Marty Baron, Baron Organizations: Washington Post, Franklin, Democratic, GOP, , Amazon, Pentagon, Microsoft, Trump, CNBC, British, Santiago, Getty, Post, Los, Columbia, The Locations: Washington , DC, New York City
The paper reported owner Jeff Bezos made the call and that a Harris endorsement was planned. Advertisement"I've seen a lot of angst; people are upset," another Washington Post insider said. The newspaper's editorial guild posted a statement saying Lewis' decision raised concerns that management interfered with the editorial department and readers were canceling their subscriptions. A spokesperson for the Washington Post referred to Lewis' statement and declined to comment on any follow-up questions. Trump has mocked Bezos and the Washington Post, calling him "Jeff Bozo."
Persons: Jeff Bezos, Harris, , Robert Kagan, Semafor, Donald Trump, Will Lewis, Lewis, y5irP62zFk — Jeffrey Wright 🥜, aron, ears., uzbee Organizations: Service, Washington Post, Washington, ost, ashington Locations: Washington, ashington
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Counterfeiting has ballooned into a massive problem for Crye, costing it millions of dollars a year, said Jonathan Antone, the company's general counsel. By 2016, sellers were speaking out about Amazon's growing counterfeit problem, telling CNBC of the company's effort to openly court Chinese manufacturers. "There's a lot more space on that digital shelf for potential counterfeit products," he added. Agents seized "multiple tractor trailer loads" of counterfeit MultiCam products, estimated to be worth $8 million, according to court documents. Crye showed CNBC examples of counterfeit MultiCam products that were allegedly sold by retailer L&Q Tactical, one of the defendants in the lawsuit, on Amazon.
Persons: Ramin Kohanbash, Bernard Klein, Jonathan Antone, Crye, It's, it's, Counterfeits, Jason Goldberg, Goldberg, counterfeits, Kebharu Smith, Jeff Bezos, Bezos, Smith, We're, Antone, Ernesto Rodriguez, Crye's, Crye Precision's Ernesto Rodriguez Organizations: New York's Brooklyn Navy Yard, California, outfitters, California Surplus, CNBC, Amazon, Brand Registry, Justice Department, FBI, Prada, Homeland Security, Department of Defense, Agents, Crye Locations: New, New Jersey, America, Brooklyn, Brooklyn , New York, Arlington , Virginia, Texas, California
New York CNN —For the first time in decades, The Washington Post will not endorse a candidate in this year’s presidential election, the newspaper’s publisher announced Friday. “The Washington Post will not be making an endorsement of a presidential candidate in this election. Nor in any future presidential election,” Will Lewis said in a published statement. “We are returning to our roots of not endorsing presidential candidates.”The Post has endorsed a presidential candidate in every election since the 1980s. Trump called the Post “The Fake News Washington Post” and derided it as Amazon’s “chief lobbyist.”Trump directly accused Amazon of not paying enough taxes and taking advantage of the US Postal Service, among other claims.
Persons: , ” Will Lewis, Lewis, , ” Lewis, Jeff Bezos, David Shipley, ” Shipley, Marty Baron, Donald Trump, Bezos, ” Baron, Trump, Amazon’s, ” Trump, Baron, Patrick Soon, Kamala Harris Organizations: New, New York CNN, Washington Post, Amazon, CNN, Bezos, News Washington Post, US Postal Service, Pentagon, Microsoft, Los Angeles Times Locations: New York, Washington
The Washington Post won't endorse a presidential candidate in 2024. Sources told the Washington Post that the paper's owner, Jeff Bezos, made the decision. AdvertisementThe Washington Post said Friday it won't endorse a candidate in the 2024 election — or in any future presidential races. Advertisement"Donald Trump will celebrate this as an invitation to further intimidate The Post's owner, Jeff Bezos (and other media owners)," Baron told NPR. AdvertisementThe Washington Post did not immediately respond to a request for comment from Business Insider.
Persons: Marty Baron, Jeff Bezos, , William Lewis, Lewis, Bezos, Kamala Harris, Donald Trump, Baron, Semafor, Patrick Soon, Shiong, Mariel Garza Organizations: Washington, Washington Post, Service, NPR, Post, NASA, Bezos, Sierra Space, Los Angeles Times, Business
New York CNN —The billionaires who control social media want to be clear about what’s OK to post online and what’s not. For X (formerly Twitter), just about anything goes, including neo-Nazi propaganda, crypto scams and porn (as long as it’s labeled properly). Anyone can do the same thing — Sweeney just made it slightly more convenient. It’s just not clear that Meta cares as much about its users’ privacy and wellbeing as it does about Zuckerberg’s. At a Senate hearing in January, Zuckerberg apologized to families who said their children had been harmed by social media.
Persons: CNN Business ’, it’s, Milton, Meta, Mark Zuckerberg, Jack Sweeney, Donald Trump, Ron DeSantis, Taylor Swift, Elon Musk, Jeff Bezos, Bill Gates, Kim Kardashian, Kylie Jenner, , ” Sweeney, he’s, Sweeney, Taylor Swift’s, Swift, — Sweeney, Clare Duffy, Zuckerberg, , Gee Organizations: CNN Business, New York CNN, Facebook, Disney, CNN, Elon, Twitter, Meta Locations: New York, Florida, Bluesky, America
Elon Musk's net worth soared by about more than $30 billion on Thursday after Tesla stock surged 22%. AdvertisementElon Musk added more than $30 billion to his net worth on Thursday after Tesla stock soared following its third-quarter earnings results. The massive gain puts Elon Musk's total net worth at just over $270 billion, according to data from Bloomberg. Musk's entire Tesla stake is worth about $123 billion. The billionaire owns about a 42% stake in the space exploration company with a total value of just over $80 billion, according to Bloomberg.
Persons: Elon, , Elon Musk, Tesla, Jeff Bezos, Larry Ellison Organizations: SpaceX, Service, Elon, Bloomberg, The Boring Company Locations: Tesla
Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion. Walmart and the Waltons have benefited from a signature strategy and cost pressures on consumers. The stock surge has added more than $32 billion to the fortunes of each of founder Sam Walton's three surviving children — Jim, Rob, and Alice. But it's true the vast majority of the family fortune remains in the hands of Sam Walton's children.
Persons: Sam Walton's, , they're, Jim, Rob, Alice, Elon Musk, David King, who've, King, Art Weinstein, Florida who's, Weinstein, Sam Walton shrewdly, . King, Jeff Bezos, Mark Zuckerberg, Sam Walton, John T, Lukas Walton, it's Organizations: Walmart, Waltons, Service, Bloomberg, Elon, Sam's, Management, Florida State University, Logistics, Procter, Nova Southeastern University, Tech, Tesla, SpaceX, Amazon Locations: Florida
Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. Select retail partners will be able to continue fulfilling orders with Amazon Today through Jan. 24, 2025, Amazon told CNBC. The closure of Amazon Today is the latest example of the company’s broader cost-cutting efforts. Launched in 2022, Amazon Today allows retailers who sell on Amazon to offer speedy delivery from their brick-and-mortar stores and shopping malls in select cities. Amazon Today was part of the company’s push to get online purchases to shoppers’ doorsteps at faster speeds.
Persons: Andy Jassy, Jassy, Jeff Bezos, Amazon’s, , Kate Hudson, Organizations: CNBC, Amazon, Amazon Today, Employees, Flex, , Staples Locations: Jan
Tim Cook learned a lot from Steve Jobs in the 13 years he worked with the late Apple co-founder. Cook was particularly "enamored" with one specific skill he learned from Jobs, he said: "Not to be married to my past views. Not to be so proud you can't change your mind when you're presented with new evidence in things. Cook went on to call Jobs' willingness to change his mind on any topic "a brilliant skill" — and one that's less common than you might think. "People who are right a lot, they listen a lot, and people who are right a lot, change their mind a lot."
Persons: Tim Cook, Steve Jobs, Cook, Jobs, Keith Bellizzi, Jeff Bezos, , Bezos, Andy Jassy, they're, Jassy Organizations: Apple, Wall, Compaq, Jobs, University of Connecticut, Pathfinder, CNBC Locations: Seattle
It was the latest in a long tradition of presidential candidates invoking the fast-food chain. On Sunday, former President Trump reportedly served fries and handed them out at the drive-thru window of McDonald's in Feasterville, Pennsylvania, for about 15 minutes. Visitors to the drive-thru had to be screened by the Secret Service and didn't get to choose what Trump handed them, the Post reported. AdvertisementIn response, Harris' campaign has confirmed her early job at McDonald's — and questioned Trump's familiarity with the middle class. Candidates like Harris and business leaders like Jeff Bezos have often mentioned their work at McDonald's as a formative experience.
Persons: Donald Trump, McDonald's, , Donald Trump's, Trump, Mitt Romney, Bill Clinton's, didn't, Kamala Harris, Harris, Ian Sams, Jeff Bezos, Paul Ryan, Mitt Romney's, Ryan, Derek Giacomantonio Organizations: Service, Washington Post . Visitors, Secret, Trump, Hobart, SEC Locations: Pennsylvania, Arkansas, Feasterville , Pennsylvania, McDonald's, America
Perplexity is eyeing a massive funding round this year, The Wall Street Journal had reported. The Times alleged that Perplexity was violating copyright laws by using its content to create news summaries, according to Reuters. In a statement to Reuters, Srinivas said: "We are very much interested in working with every single publisher, including The New York Times. AdvertisementOn Monday, the Journal and New York Post owner News Corp. filed a lawsuit against Perplexity, also alleging copyright infringement. While Perplexity has dealt with criticism from media outlets, its rival OpenAI has struck deals with publishers to use their content.
Persons: , Perplexity, Aravind Srinivas, Denis Yarats, Johnny Ho, Andy Konwinski, Srinivas —, Jeff Bezos, Forbes, Srinivas, OpenAI, Microsoft — Organizations: Corp, Street Journal, Service, Google, Street, New York Post, Business, Nvidia, SoftBank's, Forbes, Wired, New York Times, News Corp, The New York Times, Microsoft, Reuters, The Times, Perplexity
Musk has also seeded at least $75 million into a pro-Trump super PAC. "Elon Musk is sort of a natural for Donald Trump, " journalist Roger Lowenstein, who wrote a biography about Warren Buffett, told Business Insider. Recently, Musk's company seized the @America handle to boost his super PAC. AdvertisementNone of the other recent wealthiest men have come close to Musk's super PAC spending. Bezos made the biggest splash in 2018 when they donated $10 million to With Honor, a super PAC that supported veteran candidates.
Persons: Elon Musk, , Donald Trump's, Musk, Elon, Donald Trump, Roger Lowenstein, Warren Buffett, Timothy Mellon, Robert F, Kennedy Jr, Koch, Michael Bloomberg, Bill Gates, Jeff Bezos, Ciara Torres, Lowenstein, Buffett, Warren, doesn't, It's, Anna Moneymaker, Barack Obama, Sen, JD Vance, Trump's, Trump, Ken Vogel's, Obama, Steve Ballmer, Gates, John McCain, Hillary Clinton, Joe Biden, he's, Steve Pope, Harris, Biden, Melinda French Gates, Bezos Organizations: Trump, Service, PAC, America PAC, American, Stetson University, Alternative Energy, The New York Times, Citizens, Citizens United, Microsoft, Berkshire, Republican, Obama, Electoral College, Nebraska, Congressional, Musk's, Washington Post, Communist Locations: Pennsylvania, Butler , Pennsylvania, Omaha, Gates, Nebraska's
Insider Today: Blackstone's juggernaut
  + stars: | 2024-10-20 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
This post originally appeared in the Insider Today newsletter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. The boom in private credit at Blackstone reflects a broader shift in how companies borrow.
Persons: , Drew Houston, Jeff Bezos, Jon Gray, Blackstone, Jeenah, Jonathan Gray, Banks, Marc Rowan, Jamie Dimon, it's, Jenny Chang, Rodriguez, Barack Obama, Donald Trump, Joe Biden, BI's Alice Tecotzky, Tyler Le, Momo Takahashi, Goldman Sachs, Morgan Stanley, It's, rainmaker Jett Lara, Augustus Doricko, Doricko, Alex Diaz, he's Organizations: Business, Service, Blackstone, Blackstone Group, Reuters, JPMorgan, BI, Democratic, Apple, Investment, Goldman, Bank of America, Citigroup Locations: New York City, U.S, BI Northampton, Pennsylvania, Easton, El Segundo , California
The company uses memos in meetings, which begin with attendees reading them and leaving comments. Amazon's Jeff Bezos famously banned PowerPoints in exec meetings, instead asking for 6-page memos. AdvertisementJeff Bezos' rules for meetings at Amazon have made their way to Dropbox. Dropbox CEO Drew Houston said his company has adopted the "memo-first" meeting culture. Instead, he asks for a 6-page "narratively structured" memo, and the meeting kicks off with attendees silently reading it.
Persons: Dropbox, Amazon's Jeff Bezos, , Jeff Bezos, Drew Houston, you've, Logan Bartlett, Houston, PowerPoints, Bezos, they've Organizations: Service, Amazon Locations: Dropbox
Mark Zuckerberg and Jensen Huang have collectively gained $150 billion this year. AdvertisementMark Zuckerberg and Jensen Huang have collectively grown over $150 billion richer this year, a figure that exceeds Warren Buffett's net worth. Huang, the CEO and cofounder of Nvidia, has gained $75.6 billion in net worth this year, second only to Zuckerberg. AdvertisementThe two tech titans have gained a combined $152 billion this year, which alone would make them the 7th richest person on earth. Zuckerberg and Huang's joint wealth has jumped to $324 billion —more than Coca-Cola ($301 billion) or Netflix ($295 billion) were worth at the end of Thursday trading.
Persons: Mark Zuckerberg, Jensen Huang, , Warren, Zuckerberg, Elon Musk, Jeff Bezos, Huang, rade, Nvidia's microchips Organizations: Nvidia, Netflix, Service, Meta, Bloomberg, Amazon, Investors
You have to use the strategy in moderation, and earnestly, for it to be effective, says Abrahams: "People can smell humblebrags." Think about your responsesThoughtfully responding to questions and compliments is an easy way to display humility, according to Abrahams. "When I say, 'I'm still working on my communication skills,' I'm really trying to take pressure off the other person and show that we're in this together," says Abrahams. Avoid being self-deprecating, or your colleagues will feel like you're fishing for compliments, he adds. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Matt Abrahams, Abrahams, Charlene Li, I'm, Andy Jassy, Jeff Bezos, Jassy, Bezos, you've, it's Organizations: Stanford University, CNBC, Duke University, Amazon
NASA's trying to answer that question with the launch of the Europa Clipper on Monday . The Europa Clipper is just trying to understand if the ocean could even support life. Helping power Europa Clipper into space was a SpaceX Falcon Heavy rocket. The Europa Clipper launch follows another massive win for SpaceX. The business of space has the attention of several entrepreneurs, including fellow tech billionaire Jeff Bezos.
Persons: , it's, Elon, Musk, Jeff Bezos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Europa Clipper, Clipper, NASA, Europa, SpaceX, Elon Musk's, California Coastal Commission Locations: California, New York, London
AdvertisementIn 2014, I started my career at AmazonI started at Amazon as a senior launch manager in the grocery delivery space. So, I left Amazon to work in HR at Blue Origin, another Jeff Bezos company. Previously in my career at Amazon, I had managed a maximum of three to four indirect reports. Although it was hard, I became a better manager, a better communicator, and a more creative and organized leader. My work felt bureaucratic, and I was so focused on staying on top of each little task that I wasn't contributing to things that were moving the needle.
Persons: Yvonne Lee, Hawkins, , It's, I'd, Jeff Bezos, Tess Martinelli Organizations: Amazon, Service, Origin, Target, Big Tech Locations: Auburn , Washington, China, India, Europe, tmartinelli
Google said Monday that it will purchase power from small modular reactor developer Kairos Power, as tech companies increasingly turn to nuclear power as a way to fulfill the growing energy demands from data centers. Monday's announcement is another example of the growing partnership between tech companies and nuclear power. Data centers need 24/7 reliable power, and right now nuclear is the only source of emissions-free baseload power. Many hyperscalers have ambitious emissions-reduction targets, which is why they're turning to nuclear power. Constellation Energy is restarting Three Mile Island to power Microsoft data centers, while Amazon bought a data center from Talen Energy that's powered by the Susquehanna nuclear power plant.
Persons: Kairos Power, Michael Terrell, SMRs, Bill Gates, Sam Altman, Jeff Bezos, Terrell Organizations: Google, Kairos, U.S, Department of Energy, , Constellation Energy, Microsoft, Amazon, Talen Energy, Susquehanna Locations: Mountain View , California, Oak Ridge , Tennessee
Google's search ad market share in the US could fall below 50% for the first time in a decade. Perplexity AI, meanwhile, says it is attracting "top-tier" advertisers. It launched Gemini, its own large language model that now presents Google search results in natural language at the top of the page, in March 2023. Google is also leveraging AI to better present ads in its search results. AdvertisementGoogle and Perplexity AI did not immediately return requests for comment for this story.
Persons: , Axel Springer, Alpha, Mark Shmulik, ChatGPT, Brendon Kraham, We've, Dmitry Shevelenko, Jeff Bezos, Forbes, Perplexity, Shevelenko Organizations: Google, Service, Business Insider, Bernstein Research, Wall Street, Nvidia
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