Alistair Berg | Digitalvision | Getty ImagesWhen it comes to how we approach money, “no one is crazy,” Morgan Housel wrote in his bestselling 2020 book on building wealth, “The Psychology of Money.”And when it comes to the way we spend money, the decisions we make are just as personal, Housel, a partner at Collaborative Fund, writes in his new book, “The Art of Spending Money.””It’s an art because it’s subjective,” Housel told CNBC.com in an interview ahead of the book’s Oct. 7 publication.Those decisions are crucial to building and maintaining wealth, he says: “Wealth is always a two-part equation…
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OpenAI DevDayAshley Capoot | CNBCVirtually every successful tech startup throughout history has faced the reality that it could get swallowed up or run over by a large incumbent at any moment. It’s part of daily life for an entrepreneur.But the company at the center of the current boom is a different kind of beast.Unlike industry giants of past eras, OpenAI is privately held. Its financials are mostly secretive and its ability and willingness to spend other people’s money is unrivaled.And as OpenAI has proven recently, through a dizzying array of mammoth deals and product rollouts, the artificial intelligence lab is…
FILE PHOTO: Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges in New York City, U.S., February 21, 2025.Curtis Means | Via ReutersLawyers for Luigi Mangione asked a New York federal judge Saturday to dismiss some criminal charges, including the only count for which he could face the death penalty, from a federal indictment brought against him in the December assassination of UnitedHealth’s chief executive.In papers filed in Manhattan federal court, the lawyers said prosecutors should also be prevented from using at…
People protesting personnel cuts at the Centers for Disease Control (CDC) hold signs outside the organization’s main headquarters on March 12, 2025 in Atlanta, Georgia.Elijah Nouvelage | Getty Images News | Getty ImagesThe Trump administration has laid off dozens of employees at the Centers for Disease Control and Prevention in its latest round of cuts, including “disease detectives,” high-ranking scientists and the entire Washington office, the New York Times reported on Saturday.The White House and the CDC did not immediately respond to Reuters requests for comment.Affected workers were sent layoff notices via email shortly before 9 p.m. ET (0100 GMT)…
US President Donald Trump attends a briefing on Enhanced Narcotics Operations at the U.S. Southern Command in Doral, Florida, on July 10, 2020.Saul Loeb | Afp | Getty ImagesThe Pentagon announced on Friday it is establishing a new counter-narcotics joint task force overseeing operations in Latin America, a move aimed to strengthen already intensifying military operations that have raised questions among legal experts.Defense Secretary Pete Hegseth said the task force aimed “to crush the cartels, stop the poison, and keep America safe.””The message is clear: if you traffic drugs toward our shores, we will stop you cold,” Hegseth said on…
A statue of a soldier with its gun pointed towards Xiamen on the Chinese mainland across the Taiwan Strait on Lieyu Island in Kinmen, Taiwan.Bloomberg | Bloomberg | Getty ImagesChinese police on Saturday offered rewards of $1,400 for information about 18 people it said were Taiwanese military psychological operations officers spreading “separatist” messages, a day after Taiwan pledged to boost its defences.China views democratically-governed Taiwan as its own territory, over the strong objections of the government in Taipei, and has increased its military and political pressure against the island.The public security bureau in the Chinese city of Xiamen, which sits…
OpenAI’s EMEA startups head Laura Modiano spoke at the Sifted Summit on Wednesday, 8 October.Nurphoto | Nurphoto | Getty ImagesIn the latest comparison between American and European founders, OpenAI’s startup boss admitted that the Americans are “almost shameless” when it comes to making demands and giving feedback to the AI giant.Laura Modiano, who heads up OpenAI’s startups division in EMEA, drew a comparison between American and European founders based on her extensive work with founders across both regions and rolling out AI features.”So feedback is extremely important. We’re moving at lightning speed. It has to represent your voice and I…
MACAO — NBA Commissioner Adam Silver said Friday the WNBA could be next to play games in China. Silver spoke exclusively with CNBC courtside from the first of two NBA games in Macao. “We have to get through a new collective bargaining agreement with our players,” he said. “But once we do, there’s so much interest in women’s basketball here, I think we’d love to bring a WNBA game to Macao or to mainland China.” The games this weekend mark the NBA’s return to China after a six-year hiatus. The league is actively trying to grow its footprint in its No. 2 market,…
FILE PHOTO: Ariel Cohen during a panel at DLD Munich Conference 2020, Europe’s big innovation conference, Alte Kongresshalle, Munich.Picture Alliance for DLD | Hubert Burda Media | APNavan, a developer of corporate travel and expense software, expects its market cap to be as high as $6.5 billion in its IPO, according to an updated regulatory filing on Friday.The company said it anticipates selling shares at $24 to $26 each. Its valuation in that range would be about $3 billion less than where private investors valued Navan in 2022, when the company announced a $300 million funding round.CoreWeave, Circle and Figma…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies fall to end the week as the government shutdown continues. Plus, Morgan Stanley broadens access to crypto investments to all clients. And, former SEC attorney Ashley Ebersole weighs in on how the agency is operating under the Trump administration compared to the Biden administration. Source link
