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Burning Man is a desert-based arts festival that's become the playground of business elites. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEvery year around this time, tens of thousands of people descend upon Black Rock City, Nevada to attend Burning Man, but the soaked campgrounds and long traffic lines experienced 2023 might deter the famous billionaires and CEOs who are known to go. Burning Man kicks off on Sunday, but tickets still haven't sold out. This story is available exclusively to Business Insider subscribers.
Persons: that's, It's, Organizations: Service, CBS, Business Locations: Rock City , Nevada
Movies like "Horizon: An American Saga," "Sasquatch Sunset," and "Hell Hole" are newly streaming. Docs including "Untold: The Murder of Air McNair" and "Secret Lives of Orangutans" are out, too. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .
Persons: Air McNair, , Kevin Costner's, John Woo's, Scott Peterson, David Attenborough Organizations: Service, Business
Russia has increasingly fired glide bombs at Ukrainian territory in its invasion of the country. AdvertisementBut Russia has not been using the bombs at the same scale against Ukrainian forces that crossed the border into Russia earlier this month. Russia used 750 glide bombs on Ukrainian cities and villages last week alone, according to Ukrainian President Volodymyr Zelenskyy Sunday. It's also fewer than the 50 glide bombs Russia has reportedly been firing daily into Ukraine's Sumy region, which neighbors Kursk. But these were relatively isolated incidents rather than something that was happening as a result of a new strategy, such as using glide bombs in Kursk.
Persons: , Mark Cancian, Russia hasn't, that's, Cancian, REUTERS Cancian, Volodymyr Zelenskyy, It's, Scott Peterson, Rajan Menon, Columbia University's, George Barros, Barros, Zelenskyy, it's Organizations: Service, Ukrainian, Business, Russian Defense Ministry Press, Marine, Center for Strategic, International Studies, NATO, 95th Air Assault Brigade, REUTERS, Columbia, Columbia University's Saltzman Institute of War, Peace Studies, Russian Ministry of Defence, Russian Ministry of Defense Locations: Russia, Russian, Kursk, Ukrainian, Malaya Loknya, Russia's Kursk Region, Ukraine, Ukraine's Sumy, Petropavlivka
Both candidates’ plans would probably raise the deficit and increase demand, including through government spending and tightening the labor market, Joe Brusuelas, chief economist at RSM US, told CNN via email. Trump has so far not released as detailed an economic plan as Harris. Risks of fueling demandA central part of Harris’ economic plan is making housing more affordable. “The problem right now is too many people chasing too few houses,” Justin Wolfers, professor of public policy and economics at the University of Michigan, told CNN. Economists have told CNN that businesses would be forced to raise wages and prices.
Persons: what’s, Kamala Harris, Donald Trump, Harris, Trump, Joe Brusuelas, Brusuelas, Harris ’, ” Marc Goldwein, ” Goldwein, , , Biden, Joe Biden, ” Justin Wolfers, Michelle Holder, Holder, , ’ Trump, ” Harris Organizations: CNN, RSM, Budget, Child Tax, , Federal Reserve, Tax Foundation, Social Security, University of Michigan, John Jay College, Center, American Progress Fund, Peterson Institute for International Economics, National Guard Locations: , New York, China
Tim Walz defends his military record. Walz defends his military recordDemocratic vice presidential nominee Tim Walz defended his military record during his first solo event on the campaign trail. Vance asserted Walz misrepresented his military record; Walz said he misspoke. Ernesto expected to strengthen into a hurricaneTropical Storm Ernesto on Aug. 13, 2024. Staff Pick: Laci Peterson case back in the spotlightLaci Peterson and Scott Peterson in an undated photo.
Persons: Tim Walz, Walz, , Sen, JD Vance, Vance, Donald Trump, Joe Biden, nudging Trump, Chuck Todd, Kamala Harris, Ernesto, Ilhan Omar, Minnesota, Eric Hovde, Democratic Sen, Tammy Baldwin, Laci Peterson, Scott Peterson, Peterson, — Chelsea Stahl, Benjamin Netanyahu, Elvis Presley’s, Elizabeth Robinson Organizations: Labor Statistics, Federal Reserve, Democratic, Minnesota, NBC, Trump, GOP, NOAA, Getty Images Schools, NHC, U.S ., Wisconsin Republican, Senate, Modesto Police Department, Pictures, Israeli, Police Locations: Los Angeles, Ohio, Denver, Boston, Michigan, Asheville , North Carolina, Puerto Rico, Caribbean, British Virgin Islands, U.S . Virgin Islands , Puerto Rico, Vieques, Culebra, California, U.S, Ferguson , Missouri, Tennessee
Twenty years ago, a case that gripped the world came to an end when Scott Peterson was convicted of killing his wife, Laci Peterson, and their unborn son. Scott Peterson, who has always maintained his innocence, was convicted of murder in 2004 and sentenced to death the next year. Netflix’s “American Murder: Laci Peterson” and Peacock’s “Face to Face with Scott Peterson” are docuseries that will once again delve into what has become one of the most notable true crime cases in American history. Who was Laci Peterson? Laci Peterson poses for a photo showing her baby bump in an undated photo.
Persons: Scott Peterson, Laci Peterson, Netflix’s, Scott Peterson ”, Laci, Scott Peterson’s, Conner, Sharon Rocha, Scott, Berkeley Marina, Rocha, , ” Rocha, Organizations: Prosecutors, Berkeley Marina, United Press International, NBC, Berkeley, Netflix Locations: California, Scott Peterson’s Modesto , California, NBC Bay
This summer, Gray addressed Blackstone's summer interns about how they might advance at the firm, according to a recent LinkedIn post. AdvertisementBut how exactly does one go about being "nice" at Blackstone? Here's how to succeed at Blackstone, according to three executives, an ex-intern, and public comments made by top leaders including Gray and Schwarzman. "Steve Schwarzman always says it is just as easy to hire a smart, nice person as a smart, not nice person," Ross told BI. That's just not who we are as a firm," Ross said, adding, "We think investing's a team sport."
Persons: , Jon Gray, Blackstone, Gray, Steve Schwarzman, that's, Morgan Stanley, Thomson, Schwarzman, Lehman, we'll, Paige Ross, Blackstone Paige Ross, niceness, Ross, That's, Marshall Plumlee, Plumlee, Marshall Plumlee dunking, Mark J, Terrill, Marshall, Jahlil, you've, it's, Peter Peterson, Jeenah, they're, They're, Taylor Kanfer, we're, Kanfer, Joe Zidle, Blackstone . Blackstone Zidle, Zidle Organizations: Service, Business, Blackstone, Blackstone —, Lehman Brothers, Thomson Reuters, Duke University's, NBA, New York Knicks, Milwaukee Bucks, Associated Press, Duke, 75th Ranger Regiment, Army, LinkedIn, Veterans Network, Blackstone . Locations: Blackstone, New York, Manhattan, Afghanistan
Based on Trump's social media commentary, more about their relationship may be coming soon. Trump wrote in a post on Truth Social on Tuesday that the two will be speaking together publicly next week. Trump wrote. 'I have no choice'Since gaining Musk's support, Trump has returned the praise. On the day of Trump's speech in Nashville, Musk wrote "Save our kids!"
Persons: Elon Musk, Donald Trump, Evan Vucci, Donald Trump's, Trump, he'd, Elon, He's, Musk, What's, podcaster Jordan Peterson, they've, Kamala Harris, he's, it's, Joe Biden, Steven Cheung, Biden, Tesla wasn't, Tesla, Ron DeSantis, DeSantis, David Sacks, Trump's, CNBC's Joe Kernen, they're, Harris, Mark Fields, , Fields, CNBC's Brian Sullivan, Giorgia Meloni, Javier Milei, Jair Bolsonaro, Narendra Modi, Benjamin Netanyahu, Kevin Mohatt, Kamala, Mike Moritz, Moritz, Brian Schwartz, Christina Wilkie Organizations: SpaceX, White, AP NASHVILLE, Bitcoin Conference, Elon, Music City Center, Trump, Republican, PAC, North Carolina Attorney General's, America PAC, ELON, Biden, General Motors, Ford, Musk, Tesla, Bitcoin, Italian, Indian, Capitol, Air Force, Joint Base Andrews, Financial Locations: Washington, Tenn, , Nashville, Memphis , Tennessee, Pennsylvania, Michigan, tamp, Florida, Lago, China, U.S, Atlanta, Gaza, Wisconsin, Joint Base Andrews , Maryland, West Palm Beach , Florida, Silicon Valley
Trump has promised to implement tariffs on virtually all US trade, and use them to replace the income tax. But the US already has a history of implementing broad-sweeping tariffs, PIIE's Steven R. Weisman said. He said such policies have taken the US close to bankruptcy, and unleashed an era of economic shocks. Go to newsletter preferences Thanks for signing up! But to Steven R. Weisman — a vice president with the Peterson Institute for International Economics — a look through American history shows why this could prove reckless.
Persons: Trump, Steven R, Weisman, , Donald, Weisman — Organizations: Service, Republican, Peterson Institute for International Economics, Trump White, New York Times, Business
Read previewAround the time that Kenneth McQueen received his first guaranteed basic income payment, he started rollerskating. McQueen was a participant in Creative Rebuild New York, a guaranteed basic income pilot for artists across the state. Previous participants have told BI that they used their basic income to pay rent, afford groceries, drop second jobs, pay down debt, and support their families. Basic income improved McQueen's mental health, encouraged entrepreneurshipPrimarily, basic income gave McQueen "peace of mind," he said. AdvertisementMcQueen isn't sure what will happen next, but he's grateful for the way basic income helped his career and mental health.
Persons: , Kenneth McQueen, McQueen, — McQueen, Dr, Diana Pearce, Stavros Niarchos, GBI, It's, Maura Cuffie, Peterson, I'm Organizations: Service, Rebuild, Business, Alliance, Creative Rebuild, Mellon Foundation, Tides Center, Ford Foundation, America Locations: Harlem, York, hoodies, tote, New York
AdvertisementArrival at the delivery ward in the US vs SwitzerlandSo no, the suburban Chicago hospital had no birthing stool. In Switzerland, the standard of care is a five-day hospital stay for a vaginal birth and a 10-day hospital stay for a C-section. AdvertisementDuring my five-day hospital stay in Switzerland, in addition to constantly monitoring my baby and my health, I was taught to breastfeed, diaper, and bathe my baby. The author found giving birth in Switzerland much easier than back home in Chicago. AdvertisementChantal Panozzo is writing a book about what she wishes she'd known about American life before giving up her Swiss residency permit.
Persons: , GYN, I'd, Chantal Panozzo, Peterson, haven't, she'd Organizations: Service, Business, Swiss, OB, Commonwealth Fund, Disease Control Locations: Chicago, Switzerland, Swiss, America
In June, the financial services company WalletHub ranked the 50 states and DC across three categories: economic activity, economic health, and innovation potential. The Economic Policy Institute pointed to low minimum wages and unionization rates in Southern states as two factors keeping pay down. Of course, workers in some Southern states earn less than others. Using US Bureau of Economic Analysis and Bureau of Labor Statistics data, the analysis highlighted the average annual wages across US states as of 2022. Only two Southern states — Louisiana and West Virginia — were among the eight US states that saw their populations decline between 2022 and 2023.
Persons: , Jacob Funk Kirkegaard, Chandra Childers, it's, West Virginia — Organizations: Service, West Virginia —, of Columbia, WalletHub, Business, South :, Workers, Economic Policy Institute, Southern, Economic, Economic Innovation, Peterson Institute for International Economics, of, of Labor Statistics, Institute, Texans, Dallas Fed Locations: Southern, Delaware , Maryland, Virginia, West, South, South : Mississippi, West Virginia , Arkansas , Louisiana, Kentucky, West Virginia , Arkansas , Alabama, South Carolina, Houston, Dallas, Miami, Nashville, Midwest, Mississippi, Hawaii, Texas, North Carolina, Georgia, South : Texas, Florida, North Carolina , Georgia, Tennessee, — Louisiana, West Virginia
Read previewIn a snowy landscape near Stepove in eastern Ukraine, Russian and Ukrainian armored vehicles went head-to-head in what appeared to be a mismatched fight. The Russian tank's turret starts spinning, and then the tank veers off course and crashes into a tree. Advertisement"So armored vehicles dash in, fulfill their combat mission, and then withdraw as fast as they can," said Gressel. Only weeks later, a Bradley took out two BTR-82 Russian armored troop carriers in the same region. AdvertisementParakilas, the RAND analyst, said that the Pentagon is modifying the Bradley vehicles to better defend them against the drone and air attacks that proved devastating against the western-supplied armored vehicles in summer 2023.
Persons: , Vladimir Putin, Bradley, IFV, Gustav Gressel, Jacob Parakilas, Gressel, Scott Peterson, they've, Abrams Organizations: Service, 47th Mechanized Brigade Bradley, Business, Bradley, Ukraine, Russia, European Council, Foreign Relations, RAND Corporation, CNN, Washington Post, American, LB, Getty, RAND Locations: Stepove, Ukraine, Ukrainian, Russian, Russia, Zaporizhzhia, Baghdad, Adviikva
Vivian Jenna Wilson, the transgender daughter of Elon Musk, said this week that her father had been “uncaring” and behaved in a “cruel” manner toward her as a child over her being queer and feminine. In an exclusive interview with NBC News on Thursday, Ms. Wilson, 20, called Mr. Musk “cold,” “very quick to anger” and “narcissistic.” She described him as an absent father who, according to NBC, would “harass her for exhibiting feminine traits and pressure her to appear more masculine, including by pushing her to deepen her voice as early as elementary school.”Ms. Wilson’s interview came in response to remarks Mr. Musk made earlier this week about her transgender identity. In an interview on Monday with the Canadian psychologist Jordan Peterson that was streamed live on X, Mr. Musk used Ms. Wilson’s birth name, which is known as deadnaming, and said that she was “dead, killed by the woke mind virus.” Mr. Musk also said that he had been “tricked” into authorizing gender-affirming care for her. He later doubled down on his claims about Ms. Wilson on X, saying that she was “born gay and slightly autistic” but that she “was not a girl.”
Persons: Vivian Jenna Wilson, Elon Musk, , Wilson, Ms, Wilson’s, Musk, Jordan Peterson, Mr, , X Organizations: NBC
Read previewElon Musk's transgender daughter said the Tesla CEO was an absent father who frequently rebuked her for being queer and feminine as a child. Wilson, who has stayed out of the public eye until now, told NBC News that Musk's comments went too far. Wilson told NBC News the book — which described her as being a supporter of "radical Marxism" via a quote from Musk's sister-in-law — was inaccurate and unfair. Isaacson also referred to Wilson by her middle name, Jenna, in the book, Wilson said. The author told NBC News that he reached out to Wilson's family members in an effort to reach her.
Persons: , Elon, Tesla, Vivian Jenna Wilson, Musk, Wilson, Justine Musk, Jordan Peterson, misgendering, I'm, Elon Musk, Richard Bord, Walter Isaacson, Musk's, Isaacson, Jenna, Peterson Organizations: Service, NBC News, Business, Getty, NBC Locations: California
New York CNN —Vivian Jenna Wilson, Elon Musk’s estranged daughter, publicly refuted several recent anti-trans statements her Tesla CEO and X owner father has made about her. After her transition, the billionaire said, he “vowed to destroy the woke mind virus.”Musk has previously been criticized for his anti-trans comments. Musk has previously spoken about his daughter, including in the authorized biography written by journalist Walter Isaacson and published last year. In the book, the billionaire blamed his daughter’s transition in part on her time at a progressive, Los Angeles school. In the Peterson interview, Musk said he considers his child “dead” following her transition.
Persons: New York CNN — Vivian Jenna Wilson, Elon Musk’s, Wilson, ” Musk, , ” Wilson, , Jordan Peterson, , Musk, Walter Isaacson, Peterson Organizations: New, New York CNN, Twitter, Musk’s Locations: New York, Los Angeles, California
Vivian Jenna Wilson, the transgender daughter of Elon Musk, said Thursday in her first public interview that he was an absent father who was cruel to her as a child for being queer and feminine. Wilson, 20, in an exclusive interview with NBC News, responded to comments that Musk made Monday about her and her transgender identity. She told NBC News that at the time, she was surprised by the media attention to the court filing, which she submitted when she was 18. Wilson told NBC News that those anecdotes are not true, though she said she did act stereotypically feminine in other ways as a child. Musk told Peterson that Wilson's gender transition has been the motivation for his push into conservative politics.
Persons: Elon Musk, Porte, Vivian Jenna Wilson, Wilson, Musk, I'm, Musk's, Justine Musk, He's, Donald Trump, Jordan Peterson, Peterson, Walter Isaacson —, Christiana Musk, she's, Jenna, Isaacson, Wilson —, Let's, they'll, — CNBC's Lora Kolodny Organizations: SpaceX, Tesla, Viva Technology, Porte de, NBC News, NBC Locations: Paris, Los Angeles, Tesla, California
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, U.S. July 24, 2024. Donald Trump on Thursday said Elon Musk "never told me" he would pledge $45 million a month to support Trump's presidential bid, days after the Tesla and SpaceX CEO denied a report that he would do so. "Somebody told me he was going to give me 45 million [dollars] a month. I said, 'That sounds like a lot, even for Elon, that's a lot,'" the Republican presidential nominee said. But Musk "never told me he was giving [$45 million]," he said.
Persons: Donald Trump, Elon Musk, Trump, Biden, Joe Biden, Kamala Harris, Musk, Joe Lonsdale, Jordan Peterson Organizations: SpaceX, Musk, Fox News, Elon, Republican, Democratic, Trump, Street Locations: Charlotte , North Carolina, U.S
AdvertisementThe chart below shows a Trump lead based on how users are betting money on an outcome on Predictit's platform. So there's not really any change to tax policy and Trump has been looking to cut taxes further on companies and potentially on individuals as well." AdvertisementInflationWhere inflation is concerned, under a second Trump administration, expect a 10% import tariff on all goods. BondsAdvertisementExpectations for increased deficits, higher inflation, and slower growth have put upward pressure on interest rates over the last few weeks, Goldberg noted. And going forward, it's going to continue to put downward pressure on bond prices and upward pressure on yields, he added.
Persons: We've, Gennadiy Goldberg, Kamala Harris, — Goldberg, Goldberg, there's, Trump, Trump's, it's, Donald Trump Organizations: Service, TD Securities, Business, Republican, Trump, Predictit, Republican House, Democratic, Republicans, Peterson Institute for International Economics, Pew Research Center Trump, Washington, Federal Reserve, Investors Locations: Washington, Mexico, Canada
Trump's tariffs-for-tax cuts plan: Who stands to benefit?
  + stars: | 2024-07-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's tariffs-for-tax cuts plan: Who stands to benefit? Richard Stern, Heritage Foundation Center for the Federal Budget director, and Mary Lovely, Peterson Institute for International Economics senior fellow, join 'Squawk Box' to discuss former President Trump's 'tariffs-for-tax cuts' plan.
Persons: Richard Stern, Mary Lovely, Trump's Organizations: Heritage Foundation Center, Federal Budget, Peterson Institute for International Economics
But the mercurial billionaire was once a skeptic — and very vocal about why he thought Trump shouldn't govern the US. Back in July 2022, Musk criticized Trump after the former president called him a "bullshit artist" during a rally in Alaska. Musk later said in a follow-up post the same day that having Trump as president would result in "too much drama." Musk would go on to host DeSantis' campaign launch on X in May 2023, which was riddled with technical glitches and delays. The pair got closer this year, eventually culminating in a full-throated endorsement of Trump from Musk after Trump survived a failed assassination attempt on July 13.
Persons: , Elon, Donald Trump's, Trump, Musk, Ron DeSantis, DeSantis, Reid Hoffman, Vinod Khosla, Vance, Vinod, Vance LFG, Jordan Peterson, it's, we've, @jordanbpeterson Organizations: Service, Business, Trump, Gov, Biden, Musk, Democratic Party, Republican Party, BI Locations: Alaska, Florida, United States of America, Gigafactory Texas
Why Elon Musk is voting for the Republican party
  + stars: | 2024-07-23 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +3 min
Read previewSince the attempted assassination of former President Donald Trump, Elon Musk has vowed support for the Republican party and created a super PAC to fund the campaign. Up until the shooting, Musk repeatedly said he was undecided about who to vote for, despite several meetings with Trump. AdvertisementThe billionaire said he used to consider the Democratic party "the party of meritocracy," "personal freedom," and "free speech." "You really have to take an active role in reducing the number of laws and regulations," Musk said in the interview. "So I vowed to destroy the woke-mind virus after that," Musk said in the interview.
Persons: , Donald Trump, Elon Musk, Jordan B, Musk, it's, I've, Trump Organizations: Service, Republican, Twitter, Peterson, Democratic, Business, Trump, Biden Administration, SpaceX Locations: Russia, China, North Korea
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's idea of replacing income tax with tariffs is 'impossible mathematically,' analyst saysKimberly Clausing, non-resident senior fellow at the Peterson Institute for International Economics, says his plan is "worrisome."
Persons: Kimberly Clausing Organizations: Peterson Institute for International Economics
Experts hold drastically different views, creating a new hot-button topic that will continue to be debated up until the election in November. The camp staunchly opposed to Trump's policiesThe base argument against Trump's fiscal platform is that tariffs are, by nature, inflationary. AdvertisementIn a recent op-ed for the Financial Times, he cited the "benign" impact Trump's first-term tariffs had on the US economy. Looking ahead to a new term, Yardeni thinks Trump's most extreme pursuits will likely be watered down by Congress. AdvertisementRepublican donor Kyle Bass — who serves as the chief investment officer of Hayman Capital Management — has taken a different tact in his support of Trump's fiscal agenda.
Persons: , Donald Trump, Trump's, Trump, he's, David Kelly, Larry Summers, Paul Krugman, Goldman Sachs, Ed Yardeni, Yardeni, Steve Eisman, Kyle Bass —, Hayman Capital Management —, Joseph Stiglitz, Biden Organizations: Service, Donald Trump White House, Business, Trump, House Republicans, Foundation, New York Times, Peterson Institute, Yardeni Research, Financial Times, Congress, CNBC, Hayman Capital Management, Oxford Economics Locations: China, It's
Bunnell was a participant in Creatives Rebuild New York's guaranteed income program. Some of the guaranteed income participants lived in cities, while others lived in rural areas. Related storiesCreatives Rebuild New York's guaranteed income program joins over 100 similar pilots across the US aimed at reducing local poverty levels. The organization allocated $43.2 million total to the guaranteed income program and $61.6 million to the artist employment program. Courtesy of Jacinta BunnellHave you benefited from a guaranteed income program?
Persons: , Jacinta Bunnell, Bunnell, Stavros Niarchos, Dr, Diana Pearce, Maura Cuffie, Peterson, Jacinta Bunnell Bunnell, I've, Jacinta Organizations: Service, Business, Mellon Foundation, Tides Center, Ford Foundation, Rebuild, New Locations: Stone Ridge , New York, Manhattan, New York, Northwest Brooklyn, Rebuild New York, York
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