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☆ Billionaire investors were torn on Alphabet, Amazon. How they traded 5 portfolio stocks
▼ + stars: | 2024-11-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Club holdings Alphabet and Amazon found themselves on the fault line. Battleground tech GOOGL YTD mountain Alphabet (GOOGL) year-to-date performance Third Point, the hedge fund run by Dan Loeb, sold its entire nearly $333 million position in Alphabet last quarter. Third Point trimmed its Amazon holdings by nearly 28%. A fund's holdings may very well have changed by the time the previous quarters' filings are revealed. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Wall, Dan Loeb, David Tepper, Seth Klarman, Philippe Laffont's Coatue, Bill Ackman's Pershing, Daniel Sundheim, Coatue, Donald Trump's, Eli Lilly, Jim Cramer's, Jim, Jim Cramer, Sebastien Bozon Organizations: Management, Group, D1, Amazon, Big Tech, Nasdaq, Health, D1 Capital, GE Healthcare, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: 13Fs, Danaher

☆ Mike Tyson and Jake Paul are going to box live on Netflix. Here's how a heavyweight champion and a YouTuber-turned-boxer ended up fighting.
▼ + stars: | 2024-11-15 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Boxing Hall of Famer Mike Tyson is coming out of retirement to fight YouTuber-turned-boxer Jake Paul. AdvertisementMike Tyson will fight Jake Paul in Netflix's first-ever professional sports livestream on Friday. Jake Paul made a deal with Netflix and then got Mike Tyson involvedMike Tyson will come out of retirement to face Jake Paul. Advertisement"The old generation of boxing with the new generation of boxing all being mixed into one," Jake Paul said. "I'm here to make $40 million and knock out a legend," Jake Paul said at a press conference in August.

Persons: of Famer Mike Tyson, YouTuber, Jake Paul, —, Mike Tyson, Tyson, Jake Paul's, YouTube Jake Paul, Cooper Neill, Logan Paul, Paul, Joe Weller, Deji, KSI, Talksport, influencers, Tommy Fury, Floyd Mayweather Jr, Nakisa Bidarian, Mike Angel, Netflix Tyson, Roy Jones Jr, Nate Robinson, Jimmy Kimmel, Gabe Spitzer, Mike, Netflix's livestream, Tyson's, Katie Taylor, Amanda Serrano Organizations: of Famer, Netflix, Service, The New York Times, WWE, NFL, Boxing Hall of Famer, YouTube, UFC, Boxing, ESPN, T, USA, Texas Department Locations: Netflix's, KSI, British, Arlington , Texas

☆ Inside Microsoft's struggles with Copilot
▼ + stars: | 2024-11-15 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +23 min

In September 2023, Microsoft's famously soft-spoken CEO, Satya Nadella, unveiled the company's flagship AI product, Copilot, with sweeping fanfare. Some of Microsoft's own employees and executives are privately concerned that Copilot won't be able to deliver on its ambitions. Copilot's struggles have created an opening for Microsoft's rivals, some of whom have seized on the opportunity to promote their own agendas. "Now, when Joe Blow logs into an account and kicks off Copilot, they can see everything," said one Microsoft employee familiar with customer complaints. As complaints and questions over Copilot mount, so does the pressure to justify Microsoft's unprecedented level of spending on AI.

Persons: Microsoft's, Satya Nadella, Gartner, Copilot, it'll, Copilot's, Marc Benioff, Benioff, Goldman Sachs, Marc Andreessen, Andreessen Horowitz, Ethan Miller, Jared Spataro, Spataro, —, Joe Blow, Joe, Nadella, Gary Marcus, Marcus, Wile, Coyote, Brontë, Judson Althoff, Jason Zander, Zander, We've, OpenAI, Tasos Katopodis, Steve Jobs Organizations: Microsoft, Venture, Getty, Goldman, BI, Fortune, Excel, Lumen Technologies, Honeywell, Gartner, Wall Street, Initiative, Department of Homeland Security, Employees, San Francisco, Software, Apple, Jobs Locations: Microsoft's, Copilot, New York City

☆ Katie Taylor wins controversial rematch with Amanda Serrano to retain super lightweight title
▼ + stars: | 2024-11-15 | by ( Mark Puleo | ) www.nytimes.com time to read: +3 min

For the second time, Taylor defeated Serrano via a decision that left more fans questioning the scorecards than praising Taylor’s skills. “She kept head butting me, but we knew that from the very beginning from the first fight,” Serrano said in the ring. Serrano kept Taylor circling on her back foot through the first five rounds as the bout turned into a streetfight — exactly what Serrano wanted. Taylor won the initial bout two years ago by weathering a surge from Serrano in its middle stages. This time, Serrano left no room for Taylor to come back.

Persons: Katie Taylor, Amanda Serrano superfight, Taylor, Serrano, Jake Paul, Mike Tyson, “, ” Serrano, Chantelle Cameron, Jordan Maldonado, Maldonado, Ariel Helwani, that’s, Erika Cruz, Christian Petersen Organizations: Netflix, T, Dallas Cowboys, Paul’s, WBA, Getty Locations: Arlington , Texas, Serrano

☆ Jake Paul, Mike Tyson fight breaks record for biggest boxing gate outside of Las Vegas
▼ + stars: | 2024-11-15 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record books. That makes it the biggest boxing gate in history outside of Nevada. The fight between Paul, a 27-year-old YouTube influencer-turned-boxer and Tyson, a 58-year-old boxing legend, will air Friday at 8 p.m. … This is a statement that we had the biggest live gate outside of Vegas in U.S. boxing history."

Persons: Mike Tyson, Nakisa Bidarian, Jake Paul, Paul, Canelo Álvarez, Billy Joe Saunders, Conor McGregor, Eddie Alvarez, Tyson, Katie Taylor, Amanda Serrano, Floyd Mayweather Jr, Manny Pacquiao Organizations: Mike Tyson Boxing, Texas, CNBC, T, The Dallas Cowboys, AT, Las Vegas UFC, YouTube, Netflix, Las Vegas Locations: Arlington , Texas, Nevada, New York City, Vegas, U.S

☆ Jim Cramer's week ahead: Earnings from Nvidia, TJX and Walmart
▼ + stars: | 2024-11-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday highlighted the biggest events next week on Wall Street, pinpointing earnings reports from Nvidia , TJX and Walmart . Cramer praised the two retailers but said investors might want to wait for a pullback before diving in to Walmart. Retailers TJX, Target and Williams-Sonoma will report Wednesday morning. Cramer recommended investors "wait and see" with Target as Wall Street worries about the impact of potential tariff increases by the Trump administration. After the market closes, Palo Alto Networks and Nvidia report, and Cramer said both could sell off post-earnings.

Persons: CNBC's Jim Cramer, I've, Cramer, Donald Trump, Medtronic, Trump, he'd Organizations: Nvidia, TJX, Walmart, Trump, Viking Holdings, Depot, Federal Reserve, Williams, Palo Alto Networks, Intuit, Procter & Gamble, GE Healthcare Technologies Locations: Vertiv, Sonoma, Williams, China

☆ Jared Kushner expected to be pivotal to Trump admin’s Middle East efforts without taking a formal job
▼ + stars: | 2024-11-15 | by ( Kylie Atwood | Kevin Liptak | ) edition.cnn.com time to read: +10 min

CNN —President-elect Donald Trump’s son-in-law Jared Kushner is seen as being pivotal to the incoming administration’s Middle East efforts, even though he is not likely to take a formal job within it, regional diplomats and Trump allies told CNN. Trump’s Middle East team has been taking shape this week after he selected a former Republican governor and a close friend and real-estate developer to take on key roles. Since Trump left office in 2021, Kushner and his wife, Ivanka Trump, have moved to Miami and largely exited politics. Kushner has also maintained relationships with key players in the Middle East, including Israeli officials and leaders in the Arab Gulf. That is the key question,” explained Aaron David Miller, a former Middle East negotiator at the State Department, referring to Trump’s longtime friend and real estate developer who will serve as his special envoy to the Middle East.

Persons: Donald Trump’s, Jared Kushner, Kushner, Trump, Jared, ”, –, ” Kushner, Abraham, Ivanka Trump, Saudi Crown Prince Mohammed bin Salman, Trump’s, bin Salman, Israel, “, Kusher, Ghaith Al, Benjamin Netanyahu, Netanyahu, Ron Dermer, Brian Hook, ” Hook, “ Kushner, Mike Huckabee, Steve Witkoff, Kushner –, Aaron David Miller, Rubio, ” Witkoff, Witkoff Organizations: CNN, Trump, Trump’s, Republican, White, Abraham Accords, United, United Arab Emirates, Affinity Partners, Washington, Saudi Crown, MBS, Saudi Arabia’s Public Investment Fund, Harvard, Washington Institute, Israel, State Department, CNN International, Former Arkansas Gov Locations: Israeli, Israel, Isreal, United Arab, Gaza, Lebanon, Miami, Arab, Saudi, Saudi Arabia, New Jersey

☆ From hours to seconds: A short demo on parallel computing shows why Nvidia is the world's most valuable company
▼ + stars: | 2024-11-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

Increased availability of advanced chips has made parallel computing more accessible. By and large, they were nerding out on the possibilities of parallel computing. That speed comes from the parallel computing that the GPU enables. AdvertisementThe concept has been around since the 1980s, but until relatively recently, the capability to actually perform parallel computing was hard to access. This immense volume of computations is what has driven so much demand for Nvidia GPUs.

Persons: —, Rick Ratzel, Pydata, Ratzel Organizations: Service, Nvidia, Python Locations: Manhattan

The attorneys who've been defending Rudy Giuliani in a case seeking to force him to turn over his assets to two former election worker he defamed are asking a judge permission to drop him as a client. “Mayor Giuliani has not been informed by Mr. Caruso of this action. Surely Mr. Caruso would talk to the mayor, or at the very least inform him of such a decision,” Goodman said. In court last week, Giuliani said he was unsure where his valuables were, a claim the judge called "farcical." Nathan told the judge he'd discovered that numerous items had been moved from Giuliani's apartment in recent weeks, despite the turnover order.

Persons: who've, Rudy Giuliani, Giuliani, Donald Trump, Ken Caruso, David Labkowski, Ted Goodman, Ruby Freeman, Shaye Moss, “ Mayor Giuliani, Caruso, ” Goodman, he'd, District Judge Lewis Liman, Aaron Nathan, Freeman, Moss, Liman, Joe DiMaggio, Lauren Bacall, Nathan Organizations: “, U.S, District, New, CTS Locations: Georgia, Giuliani's, New York

☆ 39-year-old makes about $18,000 a month in passive income without a college degree: Here's my best advice
▼ + stars: | 2024-11-14 | by ( Amy Landino | ) www.cnbc.com time to read: +4 min

Building passive income isn't about finding a get-rich-quick scheme. My journey from there to successful entrepreneur and coach taught me valuable lessons about building sustainable passive income. Here are my top four tips for anyone looking to start their own passive income journey. DON'T MISS: The ultimate guide to earning passive income online I began with a social media marketing agency and nailed that process before I started on my first passive income idea — a course. When my community repeatedly asked for a book about video content strategy, I wrote the book "Vlog Like a Boss."

Persons: they've, I've, It's Organizations: Invest

☆ The US-China tech race is moving from chips to the raw materials they're made of
▼ + stars: | 2024-11-14 | by ( Huileng Tan | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

In the race against the US for global tech supremacy, China has the upper hand in at least one critical area: rare earths. AdvertisementFor more than a year, Beijing has slowly been tightening its grip on critical minerals and rare earths. Now, there are fears that China could tighten the global rare earths supply chain even more. China's rare earth dominanceChina has long dominated the rare earths market due to supply, low labor costs, and lax environmental standards. In 2022, the US Department of Defense awarded $45 million to MP Materials for rare earth oxide processing, and in 2023, it awarded over $288 million to Lynas USA to set up commercial-scale rare earth oxide production facilities.

Persons: Deng Xiaoping, —, Rick Waters, Donald Trump's, Louise Loo, Zongyuan Zoe Liu, Chris Tang, Nick Vyas, USC Marshall's Randall R, Vyas, he's Organizations: European Union, World Trade Organization, US Department of Defense, Materials, US, White, Nvidia, Taiwan Semiconductor Manufacturing, Oxford Economics, Greater China, Council, Foreign Relations, Soviet, Bloomberg, AMD, USC, Kendrick, Supply Chain Institute, Bureau of Industry, Security Locations: China, US, Beijing, Japan, USA, Eurasia, Washington, Taiwan, Greater, Soviet Union, North Korea, North Vietnam

☆ Inside the Goldman Sachs marketing push that has some execs perplexed
▼ + stars: | 2024-11-14 | by ( Reed Alexander | ) www.businessinsider.com time to read: +14 min

AdvertisementTop Goldman officials denied any plans to cut Carter's department and said she had upgraded Goldman's marketing capabilities. "It sounds like a few people have a quaint understanding of marketing at Goldman Sachs," a Goldman spokesman, Tony Fratto, said. They turned to the consulting giant McKinsey, which recommended Goldman increase its marketing budget and hire a chief marketing officer, these people said. Related storiesAs AT&T's chief brand officer, Carter handled sports sponsorships, advertising, and diversity messaging in a division headed by the telecom giant's global marketing officer, Lori Lee. PATRICK T. FALLON/AFP via Getty ImagesIn recent weeks, Goldman's marketing team has suffered more departures.

Persons: Goldman Sachs, Goldman, Fiona Carter, Carter, David Solomon's, Solomon, Tony Fratto, It's, Goldman dealmaker, —, John Waldron, Lori Lee, Robert De Niro, Katie Holmes, John Rogers, Waldron, Rogers, Fratto, Sean Zanni, Jake Siewert, Maria dal, speechwriting, Dal Pan, Goldman Sachs SAUL LOEB, Matt Gibson, David Solomon, PATRICK T, FALLON, Jason Hill, snagging, There's, Russell Horwitz, Goldman's, Horwitz, " Horwitz, Emmalyse Brownstein, Reed Alexander Organizations: Goldman, Business, Forbes, McKinsey, T's, Hollywood, Tribeca Film, Goldman's New, BI, AFP, Formula One United, Prix, Getty, White Locations: Sachs, Goldman's, Goldman's New York City, Formula One United States, Austin , Texas, York City

☆ Hollywood Is Leaving Los Angeles: Remote Work Comes to TV, Movies
▼ + stars: | 2024-11-14 | by ( Lucia Moses | ) www.businessinsider.com time to read: +14 min

AdvertisementLately, creative workers are increasingly chasing their Hollywood dreams in production hubs far from Hollywood. FilmLA, which issues permits for production in the region, found that Greater Los Angeles' share of US-produced TV and film projects declined from 23% in 2021 to 18% last year. Brin said Lexington had attracted 30 film and TV projects so far this year, representing more than $2 million in local spending. Actually being on a set is only one part of entertainment production. While the power of Los Angeles is dispersing, no single "new Hollywood" is coming to take its place.

Persons: Joe Gallegos Jr, he'd, Bailee Madison, Lukasiak, Pat Boone, Gallegos, JJ Abrams, HBO Max —, he's, It's, Patrick Adler, Taner Osman, couldn't, Tiffany FitzHenry, Lisa Brin, Brin, Noah Hawley, Maddy Bilder, Yorgos, Guy, Ryan Gosling, Emily Blunt, Tyler Mitchell, I've, Bilder, Adler, Otis, FitzHenry, hasn't, Keisha Perry, Cedric, I'm, She's, Lucia Moses Organizations: Netflix, HBO, of Labor Statistics, Westwood Economics, Planning Associates, Dallas, Miami, Hollywood, Bureau of Labor Statistics, Marvel, Otis, Creative, Lex Studios, Austin, Austin Film Society, Southwest, Sony, Universal Pictures, Ampere, Technology, ScreenIt, LA, Westwood, Gallegos, Business Insider's Media Locations: New Mexico, Los Angeles, Albuquerque, La La, Hollywood ., America, California, Atlanta, Hollywood, LA, Georgia, Kentucky, Lexington, New York, Ireland, Budapest, South Africa, Hungary, Australia, North America, Saudi Arabia, Miami

☆ What is the Alien Enemies Act of 1798 that Trump says he will invoke
▼ + stars: | 2024-11-14 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +13 min

“I think a very strong argument could be made that in those situations, the Alien Enemies Act can be employed,” he says. French nationals were the original target lawmakers had in mind when they passed the Alien Enemies Act. Buyenlarge/Archive Photos/Getty ImagesWhen has the Alien Enemies Act been used before? The Alien Enemies Act does allow individuals to bring lawsuits challenging their detention, Reisz says. Some Democratic lawmakers have tried to repeal the Alien Enemies Act in recent years.

Persons: Donald Trump, John Adams, ” Trump, “, Trump, John Moore, ”, haven’t, Woodrow Wilson, Katherine Yon Ebright, Brennan, Ebright, ” Ebright, Rebecca Noble, Jean Lantz Reisz, isn’t, ” Reisz, …, ” George Fishman, Fishman, couldn’t, ” Fishman, Mae Ngai, Brennan Center’s Ebright, Ngai, —, ” Ngai, Franklin Delano Roosevelt, it’s, ‘, ’ ” Ebright, Reisz, you’re, Frederic J . Brown, Biden, He’s, ” Sen, Mazie Hirono Organizations: CNN, ”, Republican Party, New York University, Border Patrol, University of Southern California’s Gould School of Law, Department of Homeland Security, Center for Immigration Studies, Columbia University, German, Department of Justice, National Archives, Customs, Getty, Trump, Democratic Locations: France, United States, Mexico, Springs , California, New Mexico, “, Prescott Valley , Arizona, Fort Douglas , Utah, AFP, China, Hawaii

☆ Elon Musk's 'gamification' of government spending taps into our natural competitive instinct
▼ + stars: | 2024-11-14 | by ( ) www.businessinsider.com time to read: +9 min

AdvertisementIt was perhaps inevitable that Elon Musk — a tech titan and a prolific gamer — would try to turn government spending into a game. It's a natural move for Musk, who came up in the tech world in the early 2000s, as "gamification" took hold. "That's that kind of logic that you end up having if you're not really cautious about how it's designed." AdvertisementFor the government, that might hinge on what counts as waste and whether Musk's leaderboard can get people to agree. Otherwise, Hon said gamification might have short-term benefits but backfire in the long term as important, less-tangible factors are crowded out by overemphasizing one metric.

Persons: Elon Musk, —, Elon, Musk, Jane McGonigal, McGonigal, Adrian Hon, You've, Richard Landers, it's, you've, Landers, Natalia Mehlman Petrzela, " Landers, Jill, It's, Petrzela, Musk's, gamification, he's Organizations: Service, Government Efficiency, University of Minnesota, SXSW, Netflix, Nike, New School Locations: gamification

Price growth ticked higher in October as voters began casting ballots in a presidential election in which economic concerns played a big role. The consumer price index climbed to 2.6% last month since the same time last year, the Bureau of Labor Statistics reported Wednesday. Stock futures turned higher, while traders bid up the price of government bonds. All-important shelter costs rose 0.4% from September to October, accounting for over half the monthly gains, the BLS said. Over the past four years, consumer prices have cumulatively increased about 20%, with the costs of many other goods and services rising even faster.

Persons: That's, Joe Biden’s, ” Kathy Jones, Charles Schwab, ”, Donald Trump, Trump, Jerome Powell Organizations: of Labor Statistics, BLS, Charles, Charles Schwab Center, Financial Research, ” Voters, White House, Trump, Investors, Adobe, National Retail Federation, Peterson Institute for International Economics, Citi Locations: —

☆ Why Builders Are Renting Out New Houses Instead of Cutting Home Prices
▼ + stars: | 2024-11-13 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Builders, meanwhile, are luring buyers with some perks but are barely budging on prices. That's partly because these companies have another place to turn: the rental market. Opportunistic investors — mostly small and midsize players, who own the vast majority of single-family rentals in the country — are happy to oblige. Builders have also started developing entire communities of single-family homes to be rented out rather than sold, a strategy known as build-for-rent. Their embrace of the rental market says more about the obstacles for buyers than for builders.

Persons: homebuilders, John Burns, Keith Hughes, —, Horton, Don Mullen, they've, Adam Stern, Sean Morgan, Alex Offutt, Ray Sturm, Sturm, Selma Hepp, It's Organizations: John Burns Research, Consulting, Builders, John, Houston, Owners, SFR, Sun, Dallas, Local, Business Purpose, Offutt Locations: Tampa , Florida, Carolinas, Nashville, Horton

☆ Elon Musk's promise of an 'epic' leaderboard of 'dumb' government spending reveals his marketing savvy
▼ + stars: | 2024-11-13 | by ( Geoff Weiss | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +7 min

Elon Musk says a leaderboard of "dumb" government spending will expose waste — and he wants your two cents. The Tesla CEO said this week that he planned to post a public "leaderboard for the most insanely dumb spending of your tax dollars." While the effectiveness of Musk's leaderboard remains to be seen, experts told Business Insider it showed his marketing savvy — even if it could also encourage "gotcha" moments that need more context. Especially in a dry realm such as government spending, Musk's plans are bound to grab eyeballs — and perhaps make people feel more invested in the outcome. She said there was some precedent for Musk's leaderboard, noting that former Sen. William Proxmire, a Democrat from Wisconsin, issued the "Golden Fleece Award" for wasteful spending throughout the 1970s and '80s via monthly press releases.

Persons: Elon Musk, —, Musk, Donald Trump's, DOGE —, he's, Vivek Ramaswamy, Natalie Andreas, Austin who's, Ayelet, didn't, Musk's, Andreas, Karen North, Clinton, Sen, William Proxmire, It's, screwworms —, Amy Jo Kim, Kim Organizations: Service, Department of Government, University of Texas, Austin, University of Chicago's Booth School of Business, University of Southern California's Annenberg School for Communication, Journalism, Stanford Locations: Wisconsin

☆ AMD to lay off 4% of workforce, or about 1,000 employees
▼ + stars: | 2024-11-13 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

"We are committed to treating impacted employees with respect and helping them through this transition." AMD had 26,000 employees at the end of last year, according to a U.S. Securities and Exchange Commission filing. AMD stock is down 5% in 2024 while Nvidia shares are up 200%, making it the most valuable publicly traded company in the world. AMD said in October it expects $5 billion in AI chip sales this year, about a fifth of the $25.7 billion in total sales FactSet projects for AMD's 2024. AMD also makes processor chips for laptops, desktops and servers, competing primarily with Intel.

Persons: chipmaker, FactSet Organizations: AMD, Nvidia, U.S . Securities, Exchange Commission, Meta, Microsoft, Intel, Mercury Research

☆ How Elon Musk’s worst business decision led him to Trump
▼ + stars: | 2024-11-13 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk, the world’s richest person, will be taking on an official role to try to help President-elect Donald Trump make government more efficient. It will add yet another responsibility to an ever-growing to-do list for the increasingly distracted CEO and business leader. Tesla, Musk’s most valuable company, in recent years has struggled to maintain its dominance of the electric vehicle market. Of course, that’s if Trump and Musk remain on good terms. And no matter how much power and influence Musk could yield, Trump will hold the ultimate trump card: He’ll be president.

Persons: New York CNN — Elon Musk, Donald Trump, Musk, Tesla, Trump, ”, Dan Ives, Ives, “, it’s, ” Ives, He’ll Organizations: New, New York CNN, SpaceX, Boring, EV, Wedbush Securities, Trump White House, Tesla, Trump, Bloomberg, Boeing, Fidelity, Twitter Locations: New York, China

A man accused of murder after a 911 call about a fake bear attack in the mountains of Tennessee led authorities to a dead man last month has been found and arrested, police said Sunday. The Monroe County Sheriff’s Office said it was informed Sunday that Hamlett, who had been sought on a first-degree murder warrant, was found and arrested in South Carolina. “The sharing of Hamlett’s wanted poster led the public, whom is our most valuable resource, to act as our eyes and ears,” Monroe County Sheriff Tommy J. Jones II said in a statement. Hamlett was arrested in South Carolina after a hospital employee recognized him and alerted authorities, Columbia police said. His case did not appear to be available online on Monroe County court records Monday.

Persons: Nicholas Wayne Hamlett, Hamlett, Hamlett’s, Tommy J, Jones II, Nicholas Wayne Hamlet, Brandon Andrade, Charles Hall, Brandon Kristopher Andrade —, “, ” Jones, Jones, Steven Douglas Lloyd Organizations: Sheriff’s, Charles Hall Bridge, Hamlett, NBC, Columbia Locations: Tennessee, Columbia , South Carolina, Monroe County, Monroe, South Carolina, Tellico Plains, Alabama, Knoxville, Columbia

☆ Elon Musk is close to breaking his $340 billion wealth record as Tesla stock keeps rising
▼ + stars: | 2024-11-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Elon Musk is close to setting a new wealth record following a Tesla stock surge since the election. Musk's net worth hit roughly $342 billion in Tuesday's premarket, exceeding his 2021 peak. AdvertisementElon Musk is close to breaking his wealth record following Tesla's postelection rally. The world's richest person gained almost $21 billion on Monday as Tesla stock jumped 9%, boosting his net worth to $335 billion, per the Bloomberg Billionaires Index. AdvertisementTesla stock was up 41% for the year at Monday's close, leaving it some way off its record close of $410 on November 4, 2021.

Persons: Elon Musk, —, Tesla's, Jeff Bezos, Donald Trump's, Mark Malek, Siebert, Trump, Warren Buffett's, Berkshire Hathaway Organizations: SpaceX, Service, Bloomberg, PAC, Associated Press Locations: premarket, Monday's, Berkshire, Musk's

Sean "Diddy" Combs' private aircraft appears to be available to charter. The Gulfstream G550, known as LoveAir, is also listed for sale, Combs' attorneys said. AdvertisementSean "Diddy" Combs' luxe private jet is seemingly available to charter while the disgraced music mogul sits in jail. The Gulfstream G550, known as LoveAir, appears to be available to rent through Silver Air, a private jet charter company based in Southern California. An aircraft of the same model and tail number is listed on the private jet marketplace Victor, with Silver Air noted as the operator.

Persons: Sean, Diddy, Combs, —, Victor Organizations: Gulfstream G550, Service, luxe, Silver Air, Southern California . Federal Aviation Administration, LoveAir LLC, Victor, Silver, Liberty Jet, Diageo, Star Locations: Brooklyn, Southern California, Polynesia, New Zealand, San Francisco , Los Angeles, Baja, Mexico, Los Angeles

☆ Matthew McConaughey says chasing wealth can leave you lost and alone — and he'd be happy with 1/50th of his fortune
▼ + stars: | 2024-11-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Devoting your life to making money can leave you lonely and aimless, Matthew McConaughey says. The actor warned against chasing cash at the cost of relationships and other valuable parts of life. AdvertisementPeople who spend their whole lives trying to get as rich as possible risk winding up lost and alone, Matthew McConaughey says. The actor said he loves money and what it lets him provide for his family, his wife, and himself. AdvertisementMany rich people have said there's more to life than accumulating wealth and material possessions, and have warned against losing sight of what truly matters.

Persons: Matthew McConaughey, Warren Buffett, —, McConaughey, he's, Elon Musk, It's, Trump, Camila Alves McConaughey, Rick Kern, Berkshire Hathaway Organizations: Service, Dallas Buyers, Berkshire

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Meta, Snowflake, Walmart, Wells Fargo, Alphabet & more
▼ + stars: | 2024-11-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates NXP Semiconductor as buy The firm said it's bullish on the semiconductor company. Morgan Stanley reiterates Walmart as overweight Morgan Stanley raised its price target on the stock to $89 per share from $82 ahead of earnings next week. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with the stock heading into a Trump administration. Morgan Stanley upgrades International Flavors to overweight from equal weight Morgan Stanley said in its upgrade of International Flavors that the fragrance and spice company is undervalued. Morgan Stanley upgrades Viking to overweight from equal weight Morgan Stanley said it sees an attractive entry point for the cruise company.

Persons: it's bullish, NXPI, Mizuho, it's, Morgan Stanley, WMT, Tesla, VIK, Redburn, Ross, Robinson, Wells, Bristol Myers, MoffettNathanson, D.A, Davidson, Snowflake Organizations: Semiconductor, NXP Semiconductor, Nvidia, Mizuho, TAM, 4Q, Citi, Deutsche Bank, Deutsche, " Bank of America, & Co, Bank of America, Apple Locations: eCommerce, VIK, OW, Wells Fargo, Bristol

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