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Warren Buffett, Stephen Curry charity lunch auction fetches $9M from mystery bidder
A bidder agreed to pay $9,000,100 at auction to dine with billionaire investor Warren Buffett and basketball superstar Stephen Curry in a charity fundraiser. The winning bid came in a weeklong auction on eBay that ended on Thursday, according to eBay’s...
Pot Inc. may finally be inching closer to the US bank access it craves
The barriers that have long blocked Pot Inc. from access to banking services may soon crumble, setting the stage for exponential growth in the $50 billion cannabis business, On The Money has learned. At this point, the key barrier is GOP opposition — mainly in...
Everybody on Wall Street is ridiculing Ryan Cohen’s $56B eBay bid — but I’m not so sure
There’s not a single trader or sophisticated investor I have spoken to who believes Ryan Cohen, the CEO of troubled video-game retailer GameStop, is really going to buy eBay. And yet, I can’t count this guy out – and neither should you. Yes, there are plenty...
Why the hottest tech IPO of the year matters for the AI race with China and in the Middle East
Cerebras, an AI chipmaker, saw its shares nearly double on Nasdaq, closing up 70% with a $95B market cap. Cerebras’s powerful chips are key in the US-China AI tech race. Chris Buskirk, co-founder and chief investment officer of 1789 Capital, a key Cerebras...
Probing the mystery why feds have filed just 1 insider trading case in prediction markets after all the headlines
“Stay tuned.” That’s what US regulators are telling On The Money when asked about the notable lack of enforcement cases filed over suspicious trades in the futures and prediction markets surrounding big news events in the Iran war and elsewhere. So far, there...
Lawyers for Elon Musk, Sam Altman wind down OpenAI trial with testy parting shots
Elon Musk’s lead attorney wound down the landmark trial of OpenAI on Thursday with a blistering attack — again questioning the trustworthiness of the tech firm’s CEO Sam Altman — while a lawyer for the company insisted that Musk’s central claims were baseless....
‘CBS Evening News’ cameraman who collapsed on air was deployed from Tokyo on short notice: sources
The cameraman who collapsed during a live “CBS Evening News” broadcast in Taiwan had been deployed from Tokyo on short notice ahead of anchor Tony Dokoupil’s coverage of President Trump’s summit with Chinese President Xi Jinping, sources told The Post. In what...
AI-powered bank founded by Peter Thiel protégé wants to replace humans with code — will it work?
A 25-year-old protégé of billionaire Peter Thiel has built an AI-powered national bank that’s mostly run by code instead of humans – a radical departure from the traditional banking system that has endured for decades. Augustus Bank – named after the Roman...
Beverly Hills Hotel locked in brutal war with Kitson boutique — and no one is backing down
The iconic Beverly Hills Hotel has declared war against the LA boutique Kitson over stylized wording, and the scrappy owner isn’t backing down without a fight. In a legal showdown over a trademark dispute, the legendary pink palace is accusing Kitson of...
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