Elon Musk didn’t appear at a court hearing for a lawsuit over his $1 million-a-day giveaway
Tesla CEO Elon Musk. Elon Musk didn’t appear at a Pennsylvania court hearing over a lawsuit targeting his $1 million-a-day giveaway. Philadelphia’s district attorney, Larry Krasner, filed the lawsuit against Musk’s America PAC on Monday, calling the sweepstakes an “illegal lottery.” “If not enjoined, their lottery scheme and unfair and deceptive conduct will irreparably harm…
What can the West do about North Korea giving troops to Russia? Not much it hasn’t already flinched from.
North Korean forces potentially joining the war in Ukraine would be a major escalation. Western allies have options to react to the threat of North Korean troops in Russia, but are hamstrung by fears of escalation, military experts told B-17. On Monday, the Pentagon said that 10,000 North Korean troops had been shipped to Russia…
How a Trump or Harris presidency could impact the future of AI
Five experts weighed in on how we could expect a Trump or Harris administration to approach AI. With Silicon Valley executives inserting themselves — and their wallets — into this year’s presidential election, questions remain about how Vice President Kamala Harris and former President Donald Trump would tackle AI regulation should they win the White…
Democrats are beating Republicans in voter enthusiasm, even as swing-state polls show tight race
New Gallup polling shows more Democrats are enthusiastic about voting than Republicans. But it’s unclear how much that will translate to votes. With just five days to go until Election Day, Democrats appear to have a significant advantage over Republicans when it comes to voter enthusiasm. According to new polling from Gallup, 77% of Democrats…
The New Jersey Democrat running against Elon Musk
Elon Musk’s super PAC has spent more than $1.2 million in Sue Altman’s House race — and she’s using it against her GOP opponent. When Democratic candidate Sue Altman met Rep. Tom Kean for their first and only debate earlier this month, she brought up Elon Musk’s name six different times. As an incumbent GOP…
Marc Andreessen says the US needs a $20,000 EV if it doesn’t want to ‘lose the auto industry’ to China
Xiaomi recently revealed the SU7 Ultra, the high-performance version of the smartphone maker’s first electric car. It’s not just Ford’s CEO singing the praises of low-cost Chinese electric cars from buzzy companies like Xiaomi. Andreessen Horowitz founders Marc Andreessen and Ben Horowitz said on their podcast that Chinese automakers have developed high-quality and affordable vehicles…
Coinbase CEO says next Congress will be the ‘most pro-crypto’ ever and pledges another $25 million in political funding
Coinbase CEO Brian Armstrong The 2024 election cycle has seen an upswell of political spending by the crypto industry, and Coinbase CEO Brian Armstrong is confident that lawmakers will be very friendly to the market next year. The CEO of the biggest US crypto exchange said that he’s optimistic that the next Congress will be…
Microstrategy is raising $42 billion — almost its entire market value — to buy more bitcoin
Microstrategy has been piling into bitcoin for years, but its latest investment is huge even by its standards. The company, led by chairman, founder, and bitcoin evangelist Michael Saylor, said it plans to raise $42 billion to buy more bitcoin. That amount is just shy of MicroStrategy’s entire market value of about $45 billion. “Our…
Retiree spending helped thwart a US recession. But boomers are losing a key financial advantage.
Millions of boomers without savings rely on Social Security in retirement. A baby boomer spending spree is losing momentum as retirees fall behind in income growth. Bank of America said retired consumers enjoyed greater spending power in the past two years as Social Security income got a boost. Known as the cost-of-living adjustment, or COLA,…
