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☆ Morgan Stanley believes shares of this airline are cheap and due for 50% comeback
▼ + stars: | 2024-10-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

It's only up from here for Latam Airlines Group , according to Morgan Stanley. Shares of Latam Airlines relisted on the New York Stock Exchange in July, after the company filed for bankruptcy in 2020. LTM YTD mountain LTM YTD chart However, Spiess believes that Latam Airlines' valuation still offers a steep discount, which the analyst said was "unwarranted." Meanwhile, the analyst noted that Latam Airlines offers "unparalleled connectivity" as the largest full service carrier in South America, which is still somewhat under-penetrated. These routes, where Latam Airlines has a market monopoly, are likely among the company's most profitable.

Persons: It's, Morgan Stanley, Jens Spiess, Spiess, LTM Organizations: Latam Airlines Group, Latam, New York Stock Exchange, Latam Airlines Locations: U.S, South America

☆ Amazon just won a partial victory against the FTC
▼ + stars: | 2024-10-01 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Amazon won partial dismissal of an FTC lawsuit alleging illegal monopoly practices. AdvertisementAmazon just won a partial dismissal of a Federal Trade Commission lawsuit that accused it of operating an illegal monopoly. In September 2023, the FTC sued Amazon for stifling competition by punishing vendors who sell their items cheaper on rival platforms and for forcing sellers to use Amazon's own fulfillment service. On Monday, a federal judge in Seattle partially granted Amazon's earlier motion to dismiss the case, Reuters reported, citing court records. Last year, the agency sued Amazon in another case, saying it lured unwitting customers into Prime subscriptions and created a "labyrinthine" process to cancel it.

Persons: Biden, — Organizations: Amazon, FTC, Big Tech, Service, Federal Trade Commission, Reuters, Google, Nvidia, Justice, Bloomberg, DOJ, Apple, Activision Blizzard Locations: Seattle, Washington

FoundersCard is an exclusive membership for startup founders, CEOs, entrepreneurs, and innovators. Beyond personal benefits, it can provide direct, tangible benefits to the business or project that you're trying to grow. FoundersCard Membership BenefitsFoundersCard offers a wide range of benefits that can be loosely broken into three categories: savings and discounts, VIP treatment and perks, and exclusive events. British Airways offers FoundersCard members up to 10% off most round-trip fares between the US or Canada and the UK. FoundersCard is a private membership club offering access to exclusive benefits and networking opportunities for entrepreneurs and business professionals.

Persons: — there's, —, FoundersCard, Eric Kuhn, it's, MOO, General Assembly —, isn't, David E, David Organizations: Cathay Pacific, British Airways, . Alaska Airlines, Continental, JetBlue, Mint, American Airlines, Qantas, Australian, Emirates, Singapore Airlines, Apple, General Assembly, Business, Chevron, Yorker, Muhlenberg College, University of Edinburgh, Twitter Locations: Austin, Canada, Continental US, Hawaii, Australia, New Zealand, East, Asia, Africa, Chevron, Slotnick, Scotland

☆ PG&E CEO on extreme weather: Need infrastructure 'built for purpose' that people can count on
▼ + stars: | 2024-10-01 | 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 EmailPG&E CEO on extreme weather: Need infrastructure 'built for purpose' that people can count onPG&E CEO Patti Poppe joins 'Squawk Box' to preview the company's investor conference in New York today, the safety measures put in place by the company, consumer energy demand, building infrastructure for extreme weather conditions, and more.

Persons: Patti Poppe Locations: New York

On a more micro level, many ETF investors can sidestep the fund-level capital gains taxes incurred by many investors who own mutual fund shares, experts said. However, mutual fund managers can also generate capital-gains taxes within a fund itself when they buy and sell securities. Costs are lowThe first ETF was an index fund: the SPDR S&P 500 ETF Trust (SPY ). Index funds, also known as passively managed funds, track a market index like the S&P 500 . Investors have equated ETFs with index funds since their inception, even though there are also index mutual funds, experts said.

Persons: Michael McClary, Bryan Armour, Armour, McClary, Morningstar, Michael Iachini, Charles Schwab, Morningstar's, they're, Michael M Organizations: Getty, Exchange, Morningstar, Valmark Financial, Investors, North America, Trust, Financial, Retail, McKinsey, SEC, Securities, Exchange Commission, Stock, New York Stock Exchange, Santiago

☆ Goldie Hawn, 78, says the secret to her 40-year relationship is 'good sex'
▼ + stars: | 2024-10-01 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Goldie Hawn, 78, credits good sex as the secret to her long relationship with Kurt Russell. The benefits of sex go beyond relationships: It has been proven to reduce stress and even boost immunity. "You have to have good sex," Hawn, 78, told E! Their blended family also includes Boston Russell, whom Russell welcomed with ex-wife Season Hubley, and Oliver Hudson and Kate Hudson from Hawn's previous relationship with Bill Hudson. AdvertisementReflecting on the decades she spent with Russell, Hawn says it's normal for them to not always have the same perspective on things.

Persons: Goldie Hawn, Kurt Russell, —, Hawn, Russell, it's, Wyatt Russell, Boston Russell, Hubley, Oliver Hudson, Kate Hudson, Bill Hudson, Stefani Goerlich, I've, Goerlich Organizations: Service, Disney, Boston, Business Locations: Hawn's

☆ 25 increasingly efficient stocks with profitability heading into the Q3 earnings season: Goldman Sachs
▼ + stars: | 2024-10-01 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

There's an unusually wide gap between highly efficient companies and everyone else. Here are 25 standout stocks to consider ahead of the Q3 earnings season. AdvertisementThe market's most efficient companies are separating from the pack at a crucial time in the year. AdvertisementThe gap between highly efficient companies — as measured by returns on equity — and other stocks in the S&P 500 has widened, Goldman Sachs found. 25 increasingly efficient stocks to targetIn his weekly note, Kostin shared an updated list of 50 stocks set to enjoy the largest growth in returns on equity.

Persons: Goldman Sachs, —, David Kostin, Kostin, That's Organizations: Service

Learn moreThe Real Housewives of New York City are back for a 15th season, and this year is shaping up to be just as exciting as the last. How to watch The Real Housewives of New York in the USThe Real Housewives of New York airs Tuesdays at 9 p.m. Cord-cutters hoping to live stream new episodes can do so with the help of live TV packages like Sling TV, DirecTV Stream, or Fubo. This grants subscribers access to all 14 past seasons and most other Real Housewives series, so there's a massive back-catalog of programming for Bravo fans. Check price at ExpressVPNHow to watch The Real Housewives of New York with a VPNSign up for a VPN if you don't already have one.

Persons: Sai De Silva, Ubah Hassan, Erin Lichy, Jenna Lyons, Jessel Taank, Racquel, we've, Fubo, Peacock, ExpressVPN Organizations: Business, Housewives, New, Real Housewives, New York, Bravo, DirecTV, DirecTV Stream, NBC Locations: New York City, New York, York, United States, USA

A judge in Georgia's Fulton County struck down the state's six-week abortion ban Monday, allowing the procedure to resume and making it legal up to 22 weeks of pregnancy. The state law, known as the LIFE Act, was signed by Republican Gov. The Georgia Supreme Court, however, soon took up the case and allowed it to remain in effect. The law has no "definition of 'health records.' And no mention of any notice to be provided to the 'woman' whose 'health records' have been made 'available,'" the judge wrote.

Persons: Brian Kemp, Roe, Wade, Robert McBurney, McBurney, ” Kara Murray, Christopher Carr, “, Kemp, that’s, who've, ”, Garrison Douglas, Monica Simpson, Amber Nicole Thurman, Candi Miller, Simpson, Thurman, Miller, Kamala Harris, ProPublica, Harris, Donald Trump, Trump Organizations: LIFE, Republican Gov, SisterSong, Reproductive, Constitution, Georgia Supreme Locations: Georgia's Fulton County, Georgia, McBurney

WEST PALM BEACH, Fla. — The man accused of plotting to kill Donald Trump at the former president's Florida golf course eariler this month pleaded not guilty to all charges on Monday. Ryan Wesley Routh, 58, wore a beige inmate’s outfit with a dark brown undershirt during his brief appearance before U.S. Magistrate Judge Bruce E. Reinhart. Ryan Wesley Routh following his arrest in Martin County, Fla., on Sept. 15. A Secret Service agent spotted Routh with a gun outside of Trump International Golf Club in West Palm Beach and opened fire on him before Routh had Trump in his sights. Alexandra Bacallao and Jesse Kirsch reported from West Palm Beach, Florida, and David K. Li from New York City.

Persons: Donald Trump, Ryan Wesley Routh, Judge Bruce E, Reinhart, Routh, pantomiming, “, Routh “, United States Donald J, Trump, Thomas Crooks, Alexandra Bacallao, Jesse Kirsch, David K, Li Organizations: AFP, Getty, ”, United, Trump International Golf Club, West Palm Beach Locations: BEACH, Fla, Florida, U.S, Martin County, United States, West Palm, West Palm Beach , Florida, New York City

SKIP AHEAD What to shop on Prime Day | What to skip shopping on Prime Day | Prime Day v.s. Clothing and footwear: Anything related to fashion typically doesn’t stand out in terms of the best savings during Prime Day, says Shand. How to save the most money during Prime DayPlanning is key to saving during Prime Day. Additionally, Prime card members can earn 10% back or more on select Prime Big Deal Days deals with Amazon’s Prime Card Bonus. I’m an associate updates editor at NBC Select, where I’ve covered Amazon Prime Day for five years.

Persons: Mackenzie Shand, I’ve, Shand, “, ”, they’re, you’re, Vipin Porwal, you’ll, “ You’re, We’ve, it’s, you’ve, Porwal, There’s, TikTok Organizations: Deal, NBC, Echo, Prime, Amazon, Black, Target, Walmart, July’s, Amazon’s, Big Deal, Facebook, Twitter

☆ Stocks making the biggest moves midday: EchoStar, CVS Health, Stellantis and more
▼ + stars: | 2024-09-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Nio — The U.S.-listed shares of the Chinese electric vehicle maker climbed 9.5% after Nio announced a 13.3 billion yuan cash injection for its Nio China business. The transactions are expected to be completed by year-end, and will reduce Nio Inc.'s stake in Nio China to 88.3% from its current 92.1%. CVS Health — Shares jumped 3.3% on news that hedge fund Glenview Capital intends to meet with CVS Health's executives to boost the struggling business. Crypto stocks — Stocks tied to the price of bitcoin retreated with the cryptocurrency following a sizeable rally last week. Cumberland Hospital for Children and Adolescents is an "indirect subsidiary" of Universal Health Services, according to an 8-K filing.

Persons: Nio, Alibaba, Stocks, bitcoin, Coinbase, MicroStrategy, Bitcoin, EchoStar, Piper Sandler, Stephen Scouten, — CNBC's Sean Conlon, Tanaya Macheel, Sarah Min, Jesse Pound, Pia Singh Organizations: Nio Inc, GM, Ford, CVS, —, Glenview Capital, CNBC, DirecTV, Amerant, Moderna, Universal Health Services, Cumberland Hospital for Children Locations: U.S, China, Glenview, Florida

☆ VCs are rushing to meet with former OpenAI CTO Mira Murati in hopes of funding a new company
▼ + stars: | 2024-09-30 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Mira Murati announced her departure from OpenAI last week. In an X post, Murati wrote, "I'm stepping away because I want to create the time and space to do my own exploration." AdvertisementVenture capitalists are clamoring to meet with Mira Murati, the former CTO of OpenAI, as Silicon Valley expects her to start her own company soon. In a X post, Murati announced her departure from OpenAI last week. Murati wrote, "My six-and-half years with the OpenAI team have been an extraordinary privilege…There's never an ideal time to step away from a place one cherishes, yet this moment feels right."

Persons: Mira Murati, OpenAI, Murati, Ilya Sutskever, —, … There's, Andrej Karpathy, Anthropic, Dario Amodei, Aravind Srinivas, Sam Altman, Mira, Bob McGrew, Barret Zoph, –, Altman, Wojciech Zaremba, Zaremba Organizations: Service, Venture, Business, OpenAI, Eureka Labs, San, supercomputing, Tesla, Microsoft, Altman, Reuters Locations: Silicon, OpenAI, San Francisco

☆ States forge ahead with Inflation Reduction Act energy rebates — so far, South Dakota is the only one to opt out
▼ + stars: | 2024-09-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

South Dakota is not participatingSouth Dakota Gov. The $68.6 million of federal money that had been set aside for South Dakota rebates will be redistributed among participating states. Fury also noted this isn't the first time South Dakota has rejected federal spending. Bipartisan legislation to create an energy rebate program had existed almost a decade earlier, like the Home Star Energy Retrofit Act in 2010. Ron DeSantis in 2023 had vetoed the state's authority to spend about $5 million of federal funds to administer the energy rebate program.

Persons: I'm, Kara Saul, Rinaldi, Kristi Noem, Scott Olson, Ian Fury, Fury, Saul, Ron DeSantis, Robert Gauthier Organizations: New York, U.S . Department of Energy, AnnDyl, D.C, DOE, of Columbia, Energy, South Dakota Gov, Republican National Convention, Getty, Green, Gov, Republican, South Dakota Bureau of Finance, Management, Home Star Energy, Republican Gov, state's Department of Agriculture, Consumer Services, CNBC, Florida Gov, Los Angeles Times, Department of Agriculture Locations: Arizona, Maine, New Mexico, Rhode Island, Wisconsin, Washington, California , Colorado , Connecticut, Delaware, Florida, Georgia, Hawaii , Illinois , Indiana , Michigan, Minnesota , New Jersey , New Hampshire , Massachusetts, North Carolina , Oregon , Tennessee , Vermont, West Virginia, Dakota, South Dakota, Rinaldi . Florida

☆ Young Chinese are looking for dupes and cheaper substitutes for everything from Hermès to travel
▼ + stars: | 2024-09-30 | by ( Huileng Tan | Matthew Loh | ) www.businessinsider.com time to read: +9 min

Chinese consumers are opting for affordable alternatives across various categories to save money. The trend, known as pingti, is driven by economic challenges and is popular among young people. Consumers are finding cheaper substitutes for luxury goods, everyday items, and even healthcare. It's now become a trend in China to save on nearly every consumer category, from luxury goods to everyday consumables to travel, with cheaper substitutes. A Bank of America survey of 1,052 adult Chinese consumers showed weakening consumer sentiment, with 30% of respondents planning to spend more — down from 45% in June.

Persons: —, It's, Bobbi Brown, Estée Lauder, MingYii Lai, it's, Lindy, Hermes Lindy, Lai, Ruth Jin, Xiaohongshu Cleo Xie, they've, She's, Xie, Jin, Yves Saint Laurent, Keith, she's Organizations: Service, Daxue Consulting, Bottega, Prada, University, Dai, PPI, Bank of America Locations: China, Xiaohongshu, Beijing, Ili, Xinjiang, Provence, France, Xishuangbanna, Laos, Myanmar, Bangkok, Thailand, Chengdu, Europe, Asia

☆ Jeremy Grantham's right-hand man Ben Inker warns your 60/40 portfolio is in for a 'lost decade' of negative returns
▼ + stars: | 2024-09-30 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The popular 60/40 portfolio of stocks and bonds has returned double digits annually since 1979. Inker shares the risks of the 60/40 strategy and where he's looking for opportunities. AdvertisementFor decades, the 60/40 strategy has been the gold standard of investing. As a result, the 60/40 portfolio right now is not set up to generate attractive returns. Related storiesInvesting against the grainInstead of the traditional 60/40 portfolio, Inker recommends taking a more flexible approach to different asset allocations.

Persons: Ben, —, Jeremy Grantham, doesn't, they've Organizations: Service, Bloomberg

☆ CNBC Daily Open: Stocks are dancing in September
▼ + stars: | 2024-09-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Andrew Kelly | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks' defiant showing this September was helped by positive sentiment generated by the U.S. Federal Reserve's jumbo rate cut and upbeat economic data. Relatedly, the University of Michigan's consumer sentiment index for September rose to a better-than-forecast 70.1 from 67.9 in August. "Inflation continues to keep its head down, and while economic growth may be slowing, there's no indication it's falling off a cliff."

Persons: Andrew Kelly, Chris Larkin, Morgan Stanley, –, Jeff Cox, Brian Evans, Pia Singh Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, U.S, U.S . Federal, University of, U.S . Bureau, Atlanta Locations: U.S .

☆ How Prada is beating the odds and bucking the luxury slump
▼ + stars: | 2024-09-30 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

"I think the 'miracle' at Prada is Miu Miu," Luca Solca, a senior analyst at Bernstein, told Business Insider. Miu Miu is doing just that. "Miu Miu is resonating with consumers because of a savvy mix of product and communication marketing," Solca said. Miu Miu has embraced stars (Sydney Sweeney and Gigi Hadid were featured in recent campaigns), which has energized its following. AdvertisementIn short — pun intended — you can't get trendier than Miu Miu right now, and being trendy is good for business.

Persons: that's, Miu Miu, Luca Solca, Bernstein, Miu, —, Moncler, Stifel's Rogerio Fujimori, Edward Berthelot, Solca, Sydney Sweeney, Gigi Hadid, Lexie Liu, Zhao Jinmai, Wu Yanshu, Miu Miu's Mary Jane, It's, Prada, Prada hadn't, Jelena Sokolova, Morningstar, Burberry, Gucci, Andrea Guerra, Raf Simons, Muccia Prada, Goldman Sachs, Gen, Scarlett Johansson, Arqué, Sokolova, Alessandro Michele, Guerra, L'Oréal, " Guerra Organizations: Prada, HSBC, Little, Business, New York Times, LVMH, Gucci Locations: Prada, Asia, China, Tokyo, Taipei, Nanjing, LVMH, Hong Kong

☆ CNBC Daily Open: Shiny September days for stocks
▼ + stars: | 2024-09-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan Mcdermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks' defiant showing this September was helped by positive sentiment generated by the U.S. Federal Reserve's jumbo rate cut and upbeat economic data. Relatedly, the University of Michigan's consumer sentiment index for September rose to a better-than-forecast 70.1 from 67.9 in August. "Inflation continues to keep its head down, and while economic growth may be slowing, there's no indication it's falling off a cliff."

Persons: Brendan Mcdermid, Chris Larkin, Morgan Stanley, –, Jeff Cox, Brian Evans, Pia Singh Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, U.S, U.S . Federal, University of, U.S . Bureau, Atlanta Locations: U.S .

☆ 36-year-old’s Etsy side hustle brings in up to $54,000 a month, takes 10 hours a week—it paid off her student loan debt
▼ + stars: | 2024-09-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

Emily Odio-Sutton started her Etsy side hustle on her couch while watching a "Real Housewives" TV show in December 2022. She doesn't recall which one, but she does remember the months of research fed into that moment. When a customer places an order, a third-party manufacturer prints the design onto the product and ships it out. DON'T MISS: The ultimate guide to earning passive income onlineIn her best month so far, the side hustle — which takes roughly 10 hours per week, she says — brought in $54,900. It padded her family's finances, paying for vacations and her $20,000 in student loans, she says.

Persons: Emily Odio, Sutton, couldn't, — Organizations: CNBC Locations: Odio

☆ Eric Adams says his lavish, Turkey-funded travels were legal 'gifts,' not bribes
▼ + stars: | 2024-09-30 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

In a court filing Monday, Eric Adams argues his bribery charge should be dismissed. The NYC mayor says it was legal for him to accept lavish travel accommodations from Turkey. AdvertisementIn a court filing Monday, New York City Mayor Eric Adams asked a federal judge in Manhattan to dismiss the bribery charge against him, arguing that the lavish travel accommodations he accepted from Turkish officials were gifts, not bribes. "The indictment does not allege that Mayor Adams agreed to perform any official act at the time that he received a benefit," Adams' motion argues. The other charges in Adams' indictment allege he knowingly sought and accepted illegal campaign contributions from corporations and foreign nationals.

Persons: Eric Adams, —, Adams, Alex Spiro, Spiro Organizations: Service, New York City, New York, Brooklyn Borough, Turkish Consulate, Turkish Locations: Turkey, New York, Manhattan, New York City, Brooklyn, Turkish

☆ Google to invest $1 billion in Thailand to build data center and accelerate AI growth
▼ + stars: | 2024-09-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Google announced Monday it is investing 36 billion Thai baht, or $1 billion, into Thailand for the creation of a new data center and expansion of the country's cloud infrastructure. The investment would see the company create its first data center in Thailand, Google said in a post on its Thailand blog Monday. Google said its debut Thai data center will be located in Chonburi, an eastern province of Thailand. The facility will "help support the growing demand for Google Cloud and AI innovations, as well as popular Google services such as Google Search, Google Maps and Google Workspace" in Thailand, Jackie Wang, Google's Thailand country lead, said in the blog post, according to an English translation taken via Google Translate. But the firm has increasingly come under threat from the surge of generative AI tools such as OpenAI's ChatGPT.

Persons: Jackie Wang, Wang, Thais Organizations: Google, Microsoft, Temasek, Bain & Company, Conomy SEA, Commission Locations: Zurich, Switzerland, Thailand, Asia, Chonburi, Southeast Asia

☆ Insider Today: Retirement savings mistakes
▼ + stars: | 2024-09-29 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Getty ImagesRetirement savings no-no'sAbout 45% of Americans will run out of money in retirement — even those who invested and diversified. If you're aiming to retire at the standard age of 65, avoid these mistakes so you can keep your golden years golden. AdvertisementThe four biggest retirement mistakes. And with Meta's smart Ray-Ban glasses doing better than expected, the company appears to be winning the glasses wars.

Persons: —, Alberto E, Rodriguez, Jimmy Donaldson, Donaldson, obsessives, techies, Chris Gash, Zers, Saratta, Tom Brady, Jeff Bezos, Natalie Ammari, Mark Zuckerberg, Orion, aren't, Meta, Sam Altman Organizations: Business, Service, MrBeast, Getty, BI, Billionaire, Big Tech Locations: millennials, Florida

☆ Op-ed: Your kids need a Roth IRA. It's the 'golden egg' savings vehicle for young people
▼ + stars: | 2024-09-29 | by ( Winnie Sun | ) www.cnbc.com time to read: +4 min

How a Roth IRA for kids worksYes, kids can have their own Roth IRA — and, just like for adults, the IRS rules are pretty straightforward. There's no minimum age requirement for contributing to a Roth IRA; if a child can earn money, they can have a Roth IRA. watch nowMore about those income requirements: To contribute to a Roth IRA, the child must have earned income. Why I like the Roth IRA for youngstersI think of the Roth IRA as the "golden egg" savings vehicle for young people because not only is the account tax-sheltered, it also has the beneﬁt of liquidity. Establishing a Roth IRA for youngsters is a powerful way to set them on the path to financial security.

Persons: Roth Organizations: Roth IRA, IRS, Social Security

☆ Elon Musk once described his past immigration status as a ‘gray area’
▼ + stars: | 2024-09-29 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +32 min

So we just rented the office, and slept in the office, and showered at the YMCA,” Elon Musk recalled, drawing laughs from the crowd. “When they did fund us,” Kimbal Musk recalled, “they realized that we were illegal immigrants.”“Well…” Elon Musk interjected. Video of the remarks shows Elon Musk laughing as he jumped in with a different interpretation: “I’d say it was a gray area.”He didn’t elaborate, and it’s unclear what Elon Musk meant by that characterization. Elon Musk, wearing a black Stetson hat, livestreams while visiting the US-Mexico border in Eagle Pass, Texas, on September 28, 2023. Then-President Donald Trump greets Elon Musk before a policy and strategy forum with executives at the White House in February 2017.

Persons: ” Elon Musk, “, Musk, ”, Donald Trump, Biden, It’s, —, Kimbal, ’ Elon Musk, he’s, X, He’s, Walter Isaacson’s, they’ve, Elon Musk, Jeff Skoll, Fred Prouser, ” Kimbal Musk, Elon, haven’t, Ashlee Vance’s, Greg Kouri, can’t, Maye, Charles Kuck, Kuck, Jennifer Minear, That’s, ” Kuck, Alain Jocard, Kimbal Musk, Tesla, Zip2, he’d, Kevin McCarthy, Alex Brandon, it’s, Hunter Swanson, Grace, Swanson, “ They’re, ” Swanson, ” Minear, Minear, Philip Pacheco, Ron Ozio, hadn’t, Vance, CNN there’s, Affairs Julie Greicius, Rajshree Agarwal, Ed Snider, ” Agarwal, Peter Thiel, Paul Sakuma, Agarwal, …, that’s, Elon Musk’s, who’s, hasn’t, Bayar, Zachary Mueller, ” Mueller, I’m, Don Lemon, Mueller, there’s, Stetson, Critics, John Moore, David Bier, ” Bier, Bier, Trump, he's, he'd, Brendan Smialowski, Joe Wilson, ” Wilson, Medina County Sheriff Randy Brown, Elon Musk's, We’re, Daniel Becerril, Reuters Elon Musk hasn’t Organizations: CNN, Twitter, University of Pennsylvania, Tesla Motors, SpaceX, Forbes, Stanford, Kimbal, Milken Institute Global Conference, Reuters, YMCA, Milken, YouTube, Los Angeles Times, US, Immigration Services, American Immigration Lawyers Association, Getty, Tesla, Kennedy Space Center, Center for International Education, Washington, Lee University, Elon, Center for, Learning, Penn, Minear, Materials, Engineering, ” Stanford, Communications, Affairs, American Immigration, Association, Ed Snider Center for Enterprise, University of Maryland, PayPal, eBay, Compaq, University of Washington, America’s, Democratic, Trump, CATO Institute, White, Medina County Sheriff, Fox, Fox News, Polaris Locations: Mexico, United States, Eagle Pass , Texas, Pretoria, South Africa, Canada, Canadian, Palo Alto , California, Beverly Hills , California, Angeles County, U.S, Atlanta, AFP, America, Zip2, California, Cape Canaveral , Florida, Virginia, Washington, Arizona, South Carolina, Medina County, Eagle, , Texas, Rio Grande

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