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☆ Trump's SEC pick and Bitcoin's $100K milestone are two big wins for the crypto community
▼ + stars: | 2024-12-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

President-elect Donald Trump lived up to his self-appointed title of "crypto president" by picking a big supporter of digital assets to lead the Securities and Exchange Commission . Atkins has been a part of the Token Alliance, an advocacy group for crypto, since 2017. Atkins, if confirmed, is a stark contrast to current SEC Chair Gary Gensler, who already announced his intentions to step down in January. Howard Lutnick , Trump's pick for commerce secretary, found success beyond the financial services firm (Cantor Fitzgerald) and the brokerage (BGC Group) he runs. AdvertisementMeanwhile, Scott Bessent , Trump's Treasury pick, is also unsurprising.

Persons: Donald Trump, Trump, aren't, Paul Atkins, George W, Bush, Wall, Atkins, Bitcoin, Gary Gensler, Goldman Sachs, Gensler didn't, Gensler, Trump's, —, Howard Lutnick, Cantor Fitzgerald, Newmark, he's, Dan Geiger, Scott Bessent, Elon Musk, George Soros, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Amanda Yen, Milan Sehmbi Organizations: Business, Securities and Exchange Commission, Trump, SEC, Token Alliance, MIT, Treasury Locations: New York, Chicago, London

☆ Jeff Bezos says he's 'putting a lot of time' in at Amazon to help it become an AI winner
▼ + stars: | 2024-12-05 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

AdvertisementJeff Bezos said he's "putting a lot of time" into Amazon despite stepping down as CEO in 2021. Bezos said Wednesday at the DealBook Summit that he's spending 95% of his time at Amazon on AI. Jeff Bezos stepped down as CEO of Amazon over three years ago, but he's still putting in the hours at the company to help it in the AI race. Advertisement"My heart is in Amazon, my curiosity is in Amazon, and my fears are there and my love is there," Bezos said. Bezos also told the Dealbook Summit audience that he's not worried about Donald Trump's second term, saying he's "actually very optimistic this time around."

Persons: Jeff Bezos, Bezos, he's, York Times's, hasn't, I'm, Andy Jassy, Lex, Donald Trump's, Larry Page, Sergey Brin, Sundar Pichai, Brin Organizations: Amazon, Anthropic, The, Big Tech, Google, New York Times, The Times, Business Locations: York, Amazon

☆ Sam Altman, AI’s biggest star, sure hopes someone figures out how not to destroy humanity
▼ + stars: | 2024-12-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Altman, the 39-year-old venture capitalist and CEO of OpenAI, was speaking with journalist Andrew Ross Sorkin at the New York Times’ Dealbook Summit on Wednesday. “I have faith that researchers will figure out to avoid that,” Altman replied. “I think there’s a set of technical problems that the smartest people in the world are going to work on. We have this incredible piece of science called deep learning that can help us solve these very hard problems.”Ah, yes. And ExxonMobil will solve the climate crisis…Look, it’s hard not to be charmed by Altman, who did not respond to a request for comment.

Persons: CNN Business ’, Sam Altman, he’s, Let’s, Altman, Andrew Ross Sorkin, prepper, Sorkin, “ superintelligent, ” Altman, “, ”, it’d, Clare Duffy, Elon Musk, Donald Trump’s, Elon Organizations: CNN Business, New York CNN, Barnum, New York Times, ExxonMobil, Israeli Defense Force, New Yorker, US State Department Locations: New York, “, California, Big Sur

☆ Many people can't afford long-term care. How a federal program may help
▼ + stars: | 2024-12-05 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

As a historic wave of baby boomers reaches retirement age, finding affordable long-term care is a challenge. That experience inspired Suozzi's parents to buy long-term care insurance. Both of his parents lived into their 90s and were able to stay at home, thanks to those policies, he said. "People can't afford long-term care insurance anymore," Suozzi said. The proposal calls for the federal government to create a fund for catastrophic long-term care to help older Americans age at home.

Persons: Tom Suozzi, Suozzi Organizations: Research, Finance, Trump, Insurance, Seniors Locations: New York, Washington ,

If you ever find yourself taking a meeting with Jeff Bezos, don't expect the billionaire Amazon founder to speak first. When Bezos conducts meetings, he instructs everyone to speak in reverse order of seniority, starting with the most junior person there. Bezos only speaks up in the middle of meetings in the "very rare case" that he has an unwavering opinion on a topic, he said. "Most of the meetings that are useful — we [hand out] six-page memos, we do half-hour study hall [where] we read them, then we have a messy discussion," Bezos said. "I am very skeptical if the meeting's not messy."

Persons: Jeff Bezos, Bezos, I'm, who's Organizations: Amazon, The New York Times

☆ Mark Cuban: This will 'be the No. 1 housing affordability issue' in the U.S.—Florida especially will have 'huge problems'
▼ + stars: | 2024-12-05 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

"Home insurance in areas hit by repetitive disasters is going to be the number one housing affordability issue over the next 4 years. On average, you'll pay $2,304 per year for a policy with $300,000 in dwelling coverage, according to Bankrate, a 17% increase from January 2022. You'll pay more if you have a trampoline or a pool, for instance, both of which boost the odds of injury at your home. You'll pay more if there is a higher likelihood that you'll make a claim to repair a home damaged by weather. What to do to combat rising home insurance costs

Persons: Mark Cuban, Harris, Walz, Nathan Posner, you've, Shannon Martin, Bankrate, Martin, Leslie Kasperowicz Organizations: Anadolu, Getty, Nebraska Locations: Atlanta , Georgia, United States, Florida

Key credit card terms to knowYour ability to manage your credit cards responsibly will depend on how well you understand the terms of your credit cards and how credit scores are calculated. And, for the record, you can't pay a credit card with another credit card. How to maximize credit card benefitsEarning and redeeming rewardsTo get the most out of your credit card benefits, choose a card that aligns with your spending habits. You can also consider taking advantage of credit card balance transfer offers to manage high-interest credit card debt. Building credit history with your credit cardYou can build credit by using your credit card to make small, manageable purchases and pay them off consistently.

Persons: It's, Grace, you'll, Meghan Hunter Meghan Hunter, Guy, she's, Meghan, Read Organizations: trave, Chevron, Finance Locations: Portugal

☆ The Democrats who aren't writing off Elon Musk's DOGE
▼ + stars: | 2024-12-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

AdvertisementMost Democrats aren't interested in Elon Musk and Vivek Ramaswamy's "DOGE" initiative. "Musk is a narcissist, a grifter, and a self-serving plutocrat," said Democratic Rep. Greg Casar of Texas. "I don't have my hopes up that Elon Musk is going to do anything other than really awful, stupid, self-serving stuff." AdvertisementRep. Jared Moskowitz is joining the DOGE caucus — but has no interest in serving on the DOGE subcommittee. Related stories"If Musk is going to help bring accountability to defense contractors, that's something that Democrats should welcome," said Khanna.

Persons: aren't, Elon Musk, Vivek Ramaswamy's, Greg Casar, Ramaswamy, Musk —, Donald Trump, —, Ro Khanna, Sen, Bernie Sanders of, Jared Moskowitz, Moskowitz, Trump, that's, Tom Williams, Getty Images Khanna, Khanna, Alexandria Ocasio, Cortez, Sanders, hasn't, There's, Musk, Barack Obama, Democratic Sen, Tina Smith, Marjorie Taylor Greene Organizations: Elon, Republicans, Department of Government, Democratic, DOGE, California, Democrat, of Homeland, Federal Emergency Management Agency, Service, Getty Images, SpaceX, Consumer Financial Protection Bureau, Congress, Republican Locations: Texas, Bernie Sanders of Vermont, Florida, United States, Alexandria, Cortez of New York, Vermont, Marjorie Taylor Greene of Georgia

☆ Bill Gates says 2024 was a big step for climate tech like green steel, and now is the time for VC to snag 'garage' innovators
▼ + stars: | 2024-12-05 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

AdvertisementBill Gates said 2024 brought a corporate "pivot" toward climate tech, in a foreword to a new report. While new climate tech emerges, proven solutions like solar energy still need help proliferating. It's not the only VC firm seeing large corporations lean into climate tech more, though. AdvertisementVC can 'prime the pump' on garage innovatorsLots of futuristic climate tech just needs the funding to deploy and scale up, Gates wrote. AdvertisementIndeed, Biden administration initiatives have boosted climate tech in recent years including the Inflation Reduction Act, the Bipartisan Infrastructure Law, and the CHIPS and Science Act.

Persons: Bill Gates, VCs, unravels ChatGPT, There's, Gates, CHARLY TRIBALLEAU, Aisling Carlson, Carlson, Greentown, Foley, Jeff Gritchen, Martin Meissner, Biden, Trump Organizations: Energy, Sublime Systems, Breakthrough Energy, American Airlines, Airlines, Getty, BASF, MediaNews, Orange, EV, Infrastructure Law, Breakthrough Locations: Arkansas, AFP, Coronado Pointe, Laguna Niguel , California, Haltern, Germany

☆ South Korea's Yoon names new defense minister after botched martial law
▼ + stars: | 2024-12-05 | by ( ) www.cnbc.com time to read: +1 min

South Korean President Yoon Suk Yeol has accepted the resignation of Defense Minister Kim Yong-hyun and nominated his ambassador to Saudi Arabia, Choi Byung-hyuk, as new defense minister, Yonhap news reported on Thursday. Kim has been reported as having advised Yoon to declare martial law on Tuesday, which was lifted after a parliament vote demanding Yoon reverse it. Parliament introduced a motion early on Thursday to impeach him over the botched attempt to impose martial law, but his party vowed to oppose the move, throwing the process into doubt. The main opposition Democratic Party has called Yoon's martial law attempt a treasonous act, and its lawmakers could lead a vote for the bill as early as Friday. U.S. officials said they were caught completely off guard by Yoon's martial law declaration, which Deputy Secretary of State Kurt Campbell said was "badly misjudged."

Persons: Yoon Suk Yeol, Kim Yong, Choi Byung, Yoon's, Choi, Chung Jin, suk, Yonhap, Kim, Yoon, Kurt Campbell Organizations: South, Democratic Party Locations: Saudi Arabia

Though industry sources say they aren’t overly concerned about DOGE’s ability to claw back federal loan guarantees, Ramaswamy’s decision to single out the Rivian loan struck some as concerning. But they may face resistance, particularly when it comes to clean energy money included in the IRA. Even though no Republicans voted for the bill, close to 80% of announced clean energy investments are in Republican districts. “It’s a much more targeted and much more urgent effort,” said one clean energy industry insider. We read the papers, we know that the next four years will bring a lot more uncertainty to federal clean energy policy,” said Podesta.

Persons: Vivek Ramaswamy, Donald Trump’s, Biden, Elon Musk, Ramaswamy, ” Ramaswamy, “, ”, incredulously, Rivian, Tesla, Carlos Barria, “ Tesla, Albert Gore, ” Dan Ives, it’s, Ives, Jigar Shah, Mary Anne Sullivan, ‘, there’s, Trump, ” Trump, Russell, that’s, hasn’t, John Podesta, Podesta, we’ve Organizations: CNN, Department of Energy, Department of Government, DOE, Tesla, America, Policy, Emission, Association, Wedbush Securities, Department of Energy’s, Trump’s Energy Department, former Energy Department, Clinton Administration, Biden White, Biden, Congress, Republican National Convention, Management, White, Democratic, Internal Revenue Service, Industry, Energy Department Locations: Washington, Georgia, Palm Beach , Florida, U.S, Clinton

☆ Here's what some of the world's most powerful people have to say about Elon Musk
▼ + stars: | 2024-12-05 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

While Elon Musk was not in attendance, he was the most-talked-about person there. Here's what business leaders and politicians had to say about the richest person on Earth. Several masters of the universe convened on Wednesday, and they had one name on their lips: Elon Musk. At the annual New York Times DealBook Summit, the world's richest man was a topic of conversation among his fellow billionaires, CEOs, and political elite. "It would be profoundly un-American to use political power, to the degree that Elon has it, to hurt your competitors and advantage your own businesses," Altman said.

Persons: Elon Musk, Andrew Ross Sorkin, Musk, Donald Trump, Ken Griffin, Tesla, Griffin, Sam Altman, Altman, Elon, Jeff Bezos, Trump, Bezos, Sundar Pichai, Jerome Powell, Bill Clinton —, Powell, Clinton, Volodymyr Zelenskyy Organizations: New York Times, Summit, New York Times DealBook, Department of Government, SpaceX, Trump, Ukrainian

President-elect Donald Trump announced Wednesday that he plans to nominate billionaire entrepreneur Jared Isaacman to lead NASA. He has flown to space twice on commercial SpaceX missions, but has not worked at NASA or in the federal government. Isaacman has close ties to Elon Musk, the billionaire CEO of Tesla and SpaceX. Isaacman was one of four private citizens sent into orbit on the first of that trio of spaceflights, known as Polaris Dawn. Isaacman also bankrolled and flew on SpaceX’s first all-civilian mission to orbit in 2021.

Persons: Donald Trump, Jared Isaacman, “ Jared, ” Trump, Isaacman, spaceflights, Elon Musk Organizations: NASA, SpaceX, Elon, Trump, “ Department, Government, Musk, Polaris Program, Polaris

US Secretary of State Antony Blinken holds a press conference at the NATO headquarters in Brussels on Wednesday. Johanna Geron/ReutersThe Biden administration is determined “to spend every cent” in available funding for Ukraine, Secretary of State Antony Blinken said Wednesday at his last NATO foreign ministerial as top US diplomat. Speaking ahead of a likely significant change in Ukraine policy under the incoming Trump administration, Blinken said he is trying “to give the incoming administration the strongest hand to play” on Ukraine and across the board. “We are determined, and it’s fully my intent and the President’s intent, to spend every cent that we have available from the $61 billion that were authorized by Congress,” he said at a press conference in Brussels. Blinken emphasized that Ukraine must be allowed to make its own decisions about its future.

Persons: Antony Blinken, Johanna Geron, Biden, “, Trump, Blinken, ”, Joe Biden, Putin, – Organizations: NATO, Reuters, Congress, CNN Locations: Brussels, Ukraine, Russia

☆ Iran passes controversial ‘chastity’ law imposing even harsher dress restrictions. The president doesn’t like it
▼ + stars: | 2024-12-04 | by ( Cnn Staff | ) edition.cnn.com time to read: +6 min

CNN —Iran’s parliament has enacted a harsh new modesty law, significantly tightening existing dress restrictions that have already fueled nationwide protests and posed a serious challenge to regime stability. “In my opinion the hijab law, which I have to implement, is vague. It defines improper dress in various ways, ranging from nudity and dressing immodestly to wearing the hijab incorrectly. The law also introduces a system of fines and restrictions with financial penalties, even for initial offenses. While the harsher penalties have caused concern for Iranians, a particularly controversial aspect of the legislation is expanded surveillance.

Persons: CNN —, Masoud Pezeshkian, “, ”, Sina Toossi, Ebrahim Raisi, Negar Mortazavi, Pezeshkian, Mortazavi Organizations: CNN, Guardian Council, International, United Nations, Guardian, Supreme National Security Council Locations: Washington, DC, Iran

☆ Trump nominates billionaire SpaceX astronaut Jared Isaacman to lead NASA
▼ + stars: | 2024-12-04 | by ( Ana Altchek | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Isaacman has flown two historic, all-civilian SpaceX missions, with more planned in the future. The man who commanded multiple space missions for Elon Musk has been nominated to lead NASA. President-elect Donald Trump nominated Jared Isaacman, the billionaire and repeat SpaceX astronaut, to be NASA's administrator on Wednesday. The five-day mission took Isaacman and three others further from Earth than anyone has traveled since the Apollo moon missions. That was also a SpaceX mission, called Inspiration4, which Isaacman commanded.

Persons: Jared Isaacman, Donald Trump, Isaacman, Elon Musk, Jared, Trump, George Nield, Michelle Hanlon, Nield, NASA's, They've Organizations: NASA, SpaceX, Elon, Polaris, Business, Shift4, Draken, US Department of Defense, NATO, of Government, Center for Air, Space, University of Mississippi School of Law

☆ Jeff Bezos says he will try to talk Trump out of idea that the news media is an ‘enemy’
▼ + stars: | 2024-12-04 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —Jeff Bezos hopes Donald Trump has changed. “I don’t think the press is the enemy,” Bezos told Andrew Ross Sorkin. “The press is not the enemy, let’s go persuade him of this.”While Trump famously targeted Bezos and his companies during his first term, Bezos said he was “very optimistic” about a second Trump administration and suggested he even wants to help the incoming president. The Washington Post, which Bezos acquired in 2013 for $250 million, has struggled in the face of dwindling audience traffic and subscriptions. Alphabet CEO Sundar Pichai also briefly commented on the incoming Trump administration in a separate interview during Wednesday’s event.

Persons: Jeff Bezos, Donald Trump, Trump, ” Bezos, Andrew Ross Sorkin, “, let’s, Bezos, ”, ” Trump, Kamala Harris, “ I’m, “ We’re, Mark Zuckerberg, Elon Musk, –, Sundar Pichai, Pichai, “ he’s Organizations: New, New York CNN, The New York Times, Amazon, Washington Post, Trump, News Washington Post, Pentagon, SpaceX Locations: New York

☆ Glossier's new CEO said listening to customers on these 3 things helped her overhaul the beauty company
▼ + stars: | 2024-12-04 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

AdvertisementKyle Leahy, the CEO of Glossier, took over the beauty company amid weak sales and layoffs. Leahy told Inc. Magazine listening to customers on three key issues helped her turn the brand around. The transition came as the billion-dollar beauty brand's sales were plunging, forcing staff cuts. Leahy explained why listening to the brand's customers on three key issues has been key to her success. In the last three years, the brand's sales have increased by 80%, the chief executive said, and brought the company back from what Redditors once described as its "flop era."

Persons: Kyle Leahy, Leahy, Emily Weiss, Weiss, Glossier, it's, —, Redditors Organizations: Glossier, Inc, Magazine, Brands, National Retail Federation, Business Locations: North America

☆ Jeff Bezos says he's optimistic about Trump, will help with reducing regulation
▼ + stars: | 2024-12-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

Trump repeatedly attacked Bezos and his companies, Amazon and The Washington Post, accusing them of dodging taxes or publishing "fake news," among other things. Prior to the 2016 election, Bezos criticized Trump's behavior, saying it "erodes our democracy." Bezos also publicly declared shortly before the election that the Washington Post would not be endorsing a candidate, breaking with decades of tradition. Bezos' space company Blue Origin will frequently interact with Trump's administration when it comes to vying to secure federal contracts. WATCH: Bezos says he's proud of decision not to have Washington Post endorse presidential candidate

Persons: Jeff Bezos, Donald Trump, Bezos, Trump, Trump's, trekked, He's, Kamala Harris Organizations: Amazon, The Washington Post, New York Times, Jazz, Lincoln Center, The New York Times, Washington, U.S . Postal Service, Department of Defense, Trump, Republican, Facebook, Trump Tower, Washington Post, Democratic, Origin, Elon, SpaceX, White, America PAC Locations: New York City

☆ Netanyahu arrest warrant tests Western commitment to international law
▼ + stars: | 2024-12-04 | by ( Tim Lister | ) edition.cnn.com time to read: +8 min

CNN —The reach and credibility of international law is at its lowest in years as governments dismiss arrest warrants in some of the most high-profile cases to come before the International Criminal Court. Paris had fervently supported the Putin warrant, and reiterated its “longstanding commitment to supporting international justice” after the Netanyahu warrant was issued. The founding treaty of the ICC obliges the 124 signatory countries to arrest Netanyahu and Gallant, according to James Joseph, managing editor at Jurist News. The Biden administration’s criticism of the Israel warrants was as emphatic as its support for the Putin warrant. South Africa, an ICC member, ignored a warrant for the arrest of then-Sudanese leader Omar al-Bashir in 2015 when he visited.

Persons: Vladimir Putin, Benjamin Netanyahu, Yoav Gallant, Netanyahu, Israel, Paris, Putin, ”, Gallant, James Joseph, Josep Borrell, Germany demurred, Viktor Orban, Biden, Joe Biden, “, He’s, Milosevic, France’s, Fadi El Abdallah, Matthew Miller, Omar al, Bashir, Tom Cotton, Leah Millis, John Thune, Donald Trump, Mike Waltz, ” It’s Organizations: CNN, Criminal, Hamas, ICC, “, Amnesty, US State Department, National Security, Reuters, Republican, UN, ” Locations: Hague, Israel, “ States, Mongolia, Rome, Ireland, Canada, Netherlands, Germany, Argentina, Hungary, Hungarian, “ France, Lebanon, France, Russia, China, Africa, South Africa, Afghanistan

The lineup for DealBook Summit 2024On Wednesday, DealBook will be live and in person at our annual summit in New York. The DealBook team and reporters from The Times will be reporting live from the conference. Even if you are not with us, you can follow along here beginning around 8:30 a.m. Eastern. Here are the speakers in order of appearance (the conversations that will be livestreamed on NYTimes.com are noted in parentheses):Ken Griffin , the founder and C.E.O. of GoogleShawn Fain , the president of the United Auto Workers, and Sara Nelson , the international president of the Association of Flight Attendants, C.W.A., A.F.L.-C.I.O.

Persons: DealBook, Andrew, Ken Griffin, Citadel Sam Altman, Serena Williams, Serena Ventures Bill Clinton, ” Jerome Powell, Alex Cooper, David Ricks, Eli Lilly, Fatima Cody Stanford, Harvard Medical School Prince Harry, The Duke, Sussex, BetterUp Sundar Pichai, Shawn Fain, Sara Nelson, Jeff Bezos, Trump Organizations: DealBook, The, Citadel, Serena Ventures, “, Governors, Federal Reserve, Massachusetts General Hospital, Harvard Medical School Prince, Archewell Foundation, United Auto Workers, Association of Flight, Amazon Locations: New York, United States, Massachusetts, China, U.S, Washington, Hollywood

☆ Howard Lutnick helped build Newmark into a real estate powerhouse. Now he's leaving for Washington.
▼ + stars: | 2024-12-04 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +7 min

AdvertisementHoward Lutnick opened his wallet and Rolodex to turn Newmark into a commercial real estate success. In 2011, the billionaire arranged for his affiliate financial company, BGC Group, to purchase the New York-based commercial real estate services firm Newmark for an undisclosed sum. The results have turned heads in the ultra-competitive real estate business. "It's one of the best positioned real estate players today," Goldfarb added, noting that he has an "overweight" – or buy – rating on Newmark stock. In 2014, Newmark purchased Grubb & Ellis, a commercial real estate services firm, out of bankruptcy.

Persons: Howard Lutnick, Newmark, Lutnick, Trump's, Howard, Barry Gosin, Donald Trump, Cantor Fitzgerald, Elon Musk, Barry, Alexander Goldfarb, Piper Sandler, Goldfarb, Cantor, Gosin, Mark Weiss, Scott Panzer, JLL, Panzer, Grubb, Ellis, Piper, David Falk, Falk –, Falk Organizations: Business, New, Cushman & Wakefield, Newmark, Cushman &, Economic, Newmark's Locations: Washington, Wall, New York, America, Cushman & Wakefield, Davos, Switzerland, Newmark's New York

☆ Citadel founder Ken Griffin says it's 'preposterous' for Elon Musk to shoulder the 'entire burden' of cutting the budget
▼ + stars: | 2024-12-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

AdvertisementCitadel's Ken Griffin is skeptical of Elon Musk's ability to cut trillions from the federal budget. Tesla CEO Musk has been tapped to run the proposed Department of Government Efficiency by Trump. Entitlement reform would be needed for the level of cuts Musk has called for, Griffin said Wednesday. Billionaire Citadel founder Ken Griffin wants to get America's "fiscal house in order" but doesn't believe Elon Musk can do it alone. "To make Elon wear the entire burden of that responsibility is preposterous," he said.

Persons: Ken Griffin, Elon, Griffin, doesn't, Donald Trump, Trump, Griffin —, Dan Loeb, Shayne Coplan —, Andrew Ross Sorkin, It's, Joe Biden's, it's, there's, Salomon Brothers, Goldman Sachs Organizations: Trump, Billionaire Citadel, Government Efficiency, Republican Party, Elon, Reserve, New York Times, CNBC, America Locations: New York, Brazil, Russia, Wellington

☆ Trump nominates Jared Isaacman, private astronaut and Shift4 CEO, for NASA chief
▼ + stars: | 2024-12-04 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne, California. President-elect Donald Trump on Wednesday nominated Jared Isaacman, the billionaire CEO of Shift4 who has led two private spaceflights, to be the next head of NASA. "Jared will drive NASA's mission of discovery and inspiration, paving the way for groundbreaking achievements in Space science, technology, and exploration," Trump wrote in a post on social media. Isaacman said he plans to leave Shift4 once he's confirmed as NASA administrator. In a letter to Shift4 employees, Isaacman wrote he intends "to remain CEO until my confirmation" and "retain the majority of my equity interest," but will reduce his shareholder voting power.

Persons: Jared Isaacman, Donald Trump, Shift4, Jared, Trump, Isaacman, NASA's Organizations: Space Exploration Technologies Corp, SpaceX, NASA, America Locations: Hawthorne , California

Georgia’s longest-running criminal trial ended Tuesday with not guilty verdicts, except for one charge, for the two remaining co-defendants in a sprawling racketeering case that had included rap superstar Young Thug. The case initially featured 28 co-defendants, including Young Thug, whom Fulton County prosecutors accused in a 2022 indictment of leading an Atlanta street gang, Young Slime Life, or YSL. Are they a gang because they’re all dressed in red?”Key dates in Young Thug case May 9, 2022: Young Thug is booked into jail on charges of criminal gang activity. Jan. 4, 2023: Jury selection in the RICO trial against Young Thug and his co-defendants begins. Young Thug, in taking a deal, was released from jail with his 40-year sentence commuted to time served and 15 years of probation.

Persons: Young, — Deamonte Kendrick, Gotti, Shannon Stillwell —, Stillwell, Kendrick, Fulton, Thug, Jeffery Lamar Williams, Jeffery Williams, Ural Glanville, Steve Schaefer, Christian Adkins, ”, Max Schardt, “, Doug Weinstein, ” Weinstein, Young Thug, Shannon Stillwell, Brian Steel, Glanville, Paige Whitaker, Quamarvious Nichols, Marquavius Huey, Rodalius Ryan, Deamonte Kendrick, Fani Willis, —, Willis, Donald Trump, misstep, “ Stoner, Travis Scott, Post Malone, Meek, Drake, Childish Gambino’s Organizations: YSL Records, TNS, ABACA, Reuters, “, Bloods, Defense, Superior Locations: Fulton County, Atlanta

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