Snap Inc., parent company of Snapchat, makes its debut on the New York Stock Exchange. TheStreet 2017-03-02 | Snap Inc., parent company of Snapchat, makes its debut on the New York Stock Exchange. Shares opened at $24, giving the five year old company a value of nearly $33.4 billion. In comparison, Facebook's valuation following it's IPO in 2012 was $104 billion. Twitter valuation in 2013, $24 billion.Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTVFor more content from TheStreet visit: http://thestreet.comFollow TheStreet on Twitter: http://twitter.com/thestreetLike TheStreet on Facebook: http://facebook.com/TheStreetFollow TheStreet on LinkedIn: http://linkedin.com/company/theStreetFollow TheStreet on Google+: http://plus.google.com/+TheStreet
This simple step could totally change how you build wealth and plan for the future TheStreet 2024-05-11 | Brian Portnoy, founder, Shaping Wealth, joined TheStreet to discuss his top tips for managing finances.Transcript:CONWAY GITTENS: There's a recent study that came out that found that 7 in 10 adults are stressed out about money. So what is your best piece of advice when it comes to managing personal finances?BRIAN PORTNOY: All right. So let me give you two quick answers. The first is just to validate that this is stressful. So we're experts in the psychology of financial planning. And suffice it to say, we have very old brains operating in new markets. So the fact that this is stressful is very natural. The real piece of advice I would say is and maybe this sounds very, very basic, but it's powerful and it's true, which is that if you have a financial plan written down, everything becomes less stressful. The markets begin to move slower. So having a plan really matters.CONWAY GITTENS: And when you say written down, do you mean physically on a piece of paper or on a whiteboard or just, you know, in your Google notes or your Apple notes on your phone? Does it does it matter?BRIAN PORTNOY: It does matter. Actually, writing it down does matter. So by financial plan, I mean, what are you hoping to achieve? What are your goals? What do those things cost, whether it's a new home or retirement or helping your kids out with college or whatever the case may be. But it's hard to get somewhere if you don't know what the destination is. And until the destination, well, then you can't make an actual path to get there. So physically writing it down, preferably on a piece of paper and you know where it is and you can check in on it makes all the difference in the world. CONWAY GITTENS: So I want to take you just one step back, because sometimes we give advice, make a plan. Right but some people say, I don't even know how to make a plan. What should the plan look like? What should be included in the plan? What should be excluded?BRIAN PORTNOY: Yeah so this is where financial advisors come in. This is what they do for a living. I mean, it would be like, hey, I'm in some kind of physical pain, you know, should I just go onto the internet and solve the problem for myself? I mean, that's a choice, I guess, but it's probably not the most optimal choice. The good thing is that the financial planning industry has evolved dramatically over the last couple of decades. So there's lots of different types of advisors that can help you with a problem in your financial life or help you build a plan that is meant to survive and thrive for decades. So I would strongly recommend that for those who want to build a good plan, that they rely on the expertise of others. Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#personalfinance #finance #wealth
Forget stuff, spend on experiences: How to rewire yourself for happiness TheStreet 2024-05-11 | Happiness expert Arthur Brooks says this is the key to happiness.Transcript:CONWAY GITTENS: From your vantage point, where does the intersectionality of the drive for wealth and the drive for happiness intersect? ARTHUR BROOKS: Yeah, well, the problem is not often enough. Biology tells us. Mother nature tells us that if we get these worldly rewards, then we're going to be happy. But it's kind of a trick. So here's the thing. Mother nature really only has two goals for us, which is to survive and pass on our genes. She doesn't care if we're happy. We want to be happy. So we think, look, if I follow these drives to be more successful as a person, then I'm going to be happier. Those drives really take the place and money and power and pleasure and and fame or the admiration of other people. And then we become frustrated. Why? because we get more, I guess, more competitive in the mating pool, I suppose. But that does not that's not going to lead us to happiness. So I spent a lot of my time helping people understand that happiness is their business and they have to make choices that don't always feel very natural if they're going to get more of it.CONWAY GITTENS: So what are those choices? Because we're all trying to find that balance between being happy but also having wealth.ARTHUR BROOKS: Yeah, I know for sure. And there's nothing wrong with money. On the contrary. I mean, a big capitalist. I believe in the free enterprise system. Wealth and money, the financial resources that we have, that's an intermediary goal. That's something that we want on the way to getting the things that we actually want to do. In other words, it's important to think about why do you want money? Well, because more is better wrong. Why do you want money? People need to actually answer that particular question. What do you want to do that's good in the world? One of the ways to think about this is to not just have a goal of having more, but but wanting less, you know, wanting less of the things that actually won't bring real satisfaction. One of the ways that I talk about this with people is that, you know, we have this drive to buy stuff. You know, if I get that watch, if I get that suit, if I get that boat, if I get that house, then I'm finally going to be happy. You kind of know that's not true. You know that's not true. But there are ways that you can actually spend money. And the why of your money can, can, can take can take this form that's better for your happiness. For example, buying experiences with people that you love, that's reliable for bringing happiness, buying time and spending it with people that you love, giving your money to causes that you love and saving your money. All of those things actually do bring reliable happiness. Those are the ways to buy happiness.CONWAY GITTENS: So how do we rewire ourselves? Because, you know, we all say money can't buy you happiness. But somebody else might say, well, let me try this. I'll have fun on the way, on the way of trying to figure it out.ARTHUR BROOKS: Yeah, Yeah. And the truth of the matter is that people do figure that out. And the people who say money doesn't buy happiness, they tend to have a lot of money. And you say, well, let, let me figure that one out on my own. Let me try that on my own. And you have to do that by making some errors and ideally by not having too much regret. One of the ways that I counsel people to do it who are working very hard, they get a lot of satisfaction from their work and they're very financially successful. You you and I probably have the same friends. As a matter of fact, I have to urge them to fight their biological tendencies, to fill their house with stuff that they buy that second boat. It will not bring the satisfaction that you seek, but rather to spend the resources to have the experiences with the people that they love. You know, people they think that things are permanent and experiences are temporary, it's exactly the reverse. Psychologically, experiences reside in your mind and heart forever. And it's the things that kind of fade away. And I have to help people rewire themselves by making decisions. They don't always feel natural but are always satisfying when they learn how to make them.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#happiness #money #investing
Hyundai and Kia were the most stolen vehicles in 2023 TheStreet 2024-05-10 | Hyundai and Kia cars topped U.S. auto theft rankings last year.Transcript:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.There was an air of cautiousness on the trading floor but the Dow still managed to extend its bull run into an eighth day. Blue chips ended the session with a fractional gain, the Nasdaq with a fractional loss, and the S&P 500 was little changed.A reading on the mood of the consumer set the cautious tone. Consumer sentiment unexpectedly dropped to a six-month low, fueling fears the Federal Reserve may be waiting too long before cutting interest rates. Next week will be busy with inflation and retail sales on the docket. Big box retailers such as Walmart, Target, Home Depot, and Lowe’s are all set to report.In other news, viral TikToks on how to steal a car are causing big headaches for Hyundai and Kia owners. Six of the top ten most-stolen cars of 2023 belonged to those two automakers.According to the National Insurance Crime Bureau, the Hyundai Elantra was stolen more than 48,000 times last year. The Hyundai Sonata was a not-too-distant second with roughly 43,000 thefts, followed by the Kia Optima, which was stolen more than 30,000 times. Those numbers are based on actual thefts reported to the police.Carjackers learned how to exploit security flaws through videos posted on social media. Both car makers share manufacturing on some older models that lack the enhanced security of chip-embedded key fobs.Earlier this year, Hyundai and Kia reached a $200 million settlement, agreeing to pay for stolen vehicles and anti-theft upgrades for up to 9 million auto owners.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#hyundai #kia #cars
Planet Fitness raises prices for the first time in over 25 years TheStreet 2024-05-10 | The national gym is hiking its prices for the first time since 1998.Transcript:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.Stocks are coming off yet another positive day on Wall Street with the Dow on track for another winning streak. Investors are encouraged after the Fed indicated that its next move is unlikely to be a rate hike, a solid earnings season and softer labor market data - also boosting sentiment.While over 80 percent of companies in the S&P 500 have released results, investors are looking ahead to earnings from Alibaba, Home Depot, Walmart and Under Armour due out next week.In other news - Planet Fitness is doing something it hasn’t done in 26 years: raising the price of membership. Since 1998, the cost of a basic membership has been $10, but the company announced that will now increase to $15. Much like Costco’s $1.50 hotdog, Planet Fitness’ $10 membership had become attached to the brand.The 50 percent price hike comes as higher interest rates and construction costs have forced the company to slow down new gym openings. Interim CEO Craig Benson said “We’ve seen in every industry people move in price. So, it is not going to come as a shock to anybody that we are moving a price that’s been in effect for a long, long time.”However, the increase only applies to new members. Planet Fitness says current members will pay the $10 per month for the duration of their membership. The company also said its top-tier membership, which costs $25 a month, will see a price increase in some locations in the summer of 2024. Welcome to GYM-flation.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#planetfitness #gym #gymmembership
Smosh’s Shayne Topp on beating creator burnout TheStreet 2024-05-10 | Actor and comedian Shayne Topp joined TheStreet to discuss how to manage stress and burnout as a content creator.Transcript:Patricia Battle: It seems like you have your hands in multiple projects, you’re on a podcast, you do live events and you’re acting in multiple sketches. How do you prevent or manage burnout as a content creator?Shayne Topp: That’s, you know, I am still figuring out the solution to that. It’s, it’s tough. YouTube is really, really hard in the sense that you really don’t get a break. You kind of have to keep making content. It’s or else if you go dark, it’s, it’s scary. No YouTubers really do that. I mean it’s a scary thing. I think it’s finding ways to rely on my other castmates is a great way. We have a great ensemble and there are days where I come in and I tell my co-host on our podcast or I tell my castmates and you know, for filming, like I try not to laugh or something big energy. I’ve let my castmates know, like, hey, I’m tired today. I’m not bringing my a-game. I’m not feeling like I’m bringing my a-game. I need to rely on you guys today. And they’ll be like, I got your back. And it’s really great to have a team around us. It’s It’s why I can’t, you know, I’m very impressed by YouTubers who work entirely by themselves. I’m like, man, as a performer, you are. It’s you and the camera. You have no one else to bounce off of on days when you’re feeling tired. But I have that luxury. And it’s so great because there are so many shoots, so many videos where I, I know I’m bringing 50%, but so many of my teammates are bringing 150 and we end up delivering anyways.Patricia Battle: What are some challenges that you guys have encountered doing improv live? Because I know it’s, you know, not easyShayne Topp: The thing is, it’s, it’s not easy at all. But in some ways the easy thing is when things go wrong in improv is usually the best. As long as you’re confident and you roll with it and you don’t let it stop you and you and you don’t go is this show, is this, is this funny? Is this entertaining? As long as you commit 100%, committing 100% to a failure is arguably the funniest thing in the world. And so I remember the quote that one of our writers said at the beginning was just like, I hope a light falls from the rafters in this show. Obviously not for real, but improv is, is challenging, but it’s also freeing in the sense that the audience knows it’s improv. So there’s nothing that we’re specifically trying to nail that. It’s like they messed, they messed up their line or they missed that mark. It’s like, well, no, there’s, there’s no real plan here. So it’s all a success. So, but it is challenging because what’s scary is you don’t know exactly what you’re supposed to do because you’re not supposed to do anything in particular. So that’s the scariest part. There’s, there’s a structure, but ultimately there’s not. And that’s, that’s terrifying. But you kind of just have to go. You just have to go for it.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#smosh #shaynetopp #creators #influencer
Consumers turn to deals as housing costs soar TheStreet 2024-05-09 | More consumers are turning to deals as inflation bites.Transcript: CONWAY GITTENS: I'm Conway Gittens reporting from the New York Stock Exchange. Here's what we're watching on TheStreet today.The Dow's winning streak keeps on going. Blue chips racked up their seventh straight day of gains on Thursday. Stocks were up across the board as the biggest jump in jobless claims since August fueled rate cut hopes. The Dow finished up more than 300 points, the S&P 500 up about a half a percent, and the Nasdaq closed two-tenths of a percent higher.Earnings season is winding down, so economic data will be more scrutinized for clues on what will happen with interest rates. On Friday, Wall Street will get the latest look at the University of Michigan's Consumer Sentiment Index.Ahead of that, there are several signs pointing to a consumer who is far from happy. A new Gallup poll finds the number of Americans who think this is a good time to buy a house remains at an all-time low. Potential homebuyers say historic home prices and costly mortgage rates are keeping the dream of owning a home out of reach. Current mortgage rates are twice as high as they were before the start of the pandemic.But staying a renter is painful, too. For many Americans, rental prices have outstripped wage gains. Rents went up more than 30 percent nationwide between 2019 and 2023, but paychecks grew by only 20 percent, according to analysis by Zillow and StreetEasy.And the steep cost of housing and other necessities are forcing Americans to adjust their budgets. More consumers are turning to the internet to go bargain hunting for groceries and personal care items. Online retail sales grew to nearly $332 billion between January and April, and according to Adobe Analytics, the share of those dollars going to cheaper groceries jumped to 48 percent last month. That number was only 36 percent pre-pandemic.That'll do it for your daily briefing. From the New York Stock Exchange, I'm Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#consumer #housingmarket #groceries
GM to end production of the Chevy Malibu after 60 years TheStreet 2024-05-09 | More than 10 million Chevy Malibu’s have been sold since the car was introduced in 1964.Transcript:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.Wall Street was handed another mixed bag on Wednesday. The Dow finished in the green for the sixth consecutive day, but the S&P 500 and the Nasdaq both finished fractionally down.Investors are digesting the release of the weekly jobless claims report. The Department of Labor said 231,000 Americans filed for unemployment benefits for the week ending on May 4th. That’s an increase of 22,000 from the week before. Wall Street is also looking ahead to consumer sentiment data due on Friday.In other news, after 60 years, 9 generations, and more than 10 million cars sold, General Motors says it is shutting down production of the Chevy Malibu. The first Malibu was introduced in 1964, but was phased out in the early 1980s as GM switched its focus to selling trucks. The Malibu made a comeback in 1997 and has been in Chevy showrooms ever since. The final Malibu will roll off the production line in November.Aside from struggling to make the car more fashionable over the last several years, GM wants to focus on electric vehicles. Its Fairfax Assembly Plant in Kansas will shift production to two other GM vehicles - the Chevy Bolt and the Cadillac XT4. The company has invested $390 million to revamp the Chevy Bolt, which saw production halted in April of last year.With the phasing out of the Malibu, Chevrolet has just one gas-powered car remaining - the Corvette. The Camaro, by the way, is still rolling off factory floors, but it too, will be phased out sometime in 2024.As for GM’s EV strategy, the company fell short of its goal to sell 400,000 EVs between 2022 and the middle of 2024. And even with the industry facing tepid EV demand, GM said it’s on track to produce between 200,000 and 300,000 EVs in North America by the end of the year.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#GM #malibu #chevy
Tesla faces federal investigation: What we know so far TheStreet 2024-05-08 | Tesla is being investigated for securities and wire fraud for self-driving claims.Transcript:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.Wednesday was another mixed day on Wall Street. The Dow is up six days in a row - in the longest winning streak of the year. But the S&P 500 was down fractionally, as was the Nasdaq. Investors are contending with a mixed bag of earnings, as well as speeches from Federal Reserve officials, which suggest policymakers are in no rush to lower interest rates.Corporate results are keeping investors busy. Up next on the earnings calendar for Thursday: Warner Brothers Discovery, Krispy Kreme, and Yelp.Turning to one of the biggest stories of the day: Tesla is the subject of an investigation by the U.S. Justice Department and the Securities and Exchange Commission. Authorities are looking into whether Tesla engaged in securities or wire fraud when describing the functions of its Autopilot system, according to a Reuters report.While Tesla has said Autopilot will help with braking, lane switching, and steering, it has warned the technology should not be considered as fully autonomous. But, authorities are looking into statements made by Tesla and CEO Elon Musk - that might have led investors and customers to believe cars using Autopilot are fully self-driving.Wire fraud is committed when a person or entity deceives customers in interstate communications. Securities fraud involves the act of misleading investors.Tesla is also under scrutiny by the National Highway Traffic Safety Administration. The agency is digging into the safety of Autopilot after numerous crashes - some fatal - where Autopilot was in use.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#tesla #elonmusk #telainvestigation
FTX to repay most customers in full, plus interest TheStreet 2024-05-08 | FTX says most customers of the bankrupt crypto exchange will get their money back.Transcript:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.Stocks are coming off a mixed session Tuesday with the Dow clinching its longest winning streak since December. Uber shares are reacting to its disappointing first quarter results. The company beat revenue estimates, but posted an unexpected net loss.Investors are looking ahead to earnings from Airbnb, Instacart, AMC and Bumble, all slated to report after the closing bell. So far 85 percent of S&P 500 companies have reported earnings and of those, roughly 80 percent have surpassed Wall Street estimates.Switching to crypto - customers who held money in failed cryptocurrency exchange FTX received a bit of good news. According to a new court filing, nearly everyone who held money with the collapsed firm will get that money back.Under its new reorganization plan, FTX estimates that it owes creditors $11.2 billion - and that it currently has up to $16.3 billion to distribute back to them. Customers that are owed $50,000 or less will receive 118 percent of their allowed claim, and FTX says roughly 98 percent of creditors will receive this type of compensation. The plan, which still needs to be approved by the bankruptcy court, will allow users to access their funds for the first time since November 2022.FTX was one of the largest digital currency exchange platforms and, at its peak, was worth more than $30 billion. But the crypto empire crumbled quickly, with former CEO Sam Bankman-Fried using customer funds for personal purchases, as well as covering up bad business decisions. In March, Bankman-Fried was sentenced to 25 years in prison and ordered to forfeit more than $11 billion.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#ftx #sambankmanfried #cryptocurrency
A little life hack from the original J.P. Morgan that still holds up in the age of social media 👏 TheStreet 2024-05-08 | A little life hack from the original J.P. Morgan that still holds up in the age of social media. 👏#socialmedia #lifehack #jpmorganSubscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com
Apple releases all-new iPads — everything you need to know TheStreet 2024-05-07 | Apple announced a slew of new features for its new lineup of iPads.Transcript:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.Investors were reluctant to make huge bets on Tuesday following a string of recent rallies. The Dow and the S&P settled with modest gains, while the Nasdaq finished the day with a small loss. Disney was a big loser of the day. The company beat expectations thanks to financial progress at Disney+ DIS, but investors worry the streaming service faces a rough road ahead as it competes with Netflix.Apple AAPL also made big headlines on Tuesday. The tech giant debuted a new lineup of iPads for the first time in two years. The star of the show was an artificial intelligence-ready iPad Pro. The largest model comes with a $1300 price tag.Apple, however, is late to the AI game compared to others like Microsoft and Google. Nevertheless, Apple CEO Tim Cook called this “the biggest day for iPad since its introduction.”The other most significant upgrades include more powerful chips, better screens, greater size options, and an upgraded Apple Pencil that costs $129. All this while iPads get thinner and lighter. The smaller iPad Air revealed Tuesday costs $600.The refresh comes after Apple announced a quarterly drop in iPad sales of 17 percent compared to the same period a year ago. All the new models hit store shelves next week.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#apple #appleipad #ipad
Nintendo to unveil Switch successor in 2025 TheStreet 2024-05-07 | Nintendo said it will finally announce its Switch successor console “within this fiscal year.”Transcript:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Stocks are coming off a positive session on Wall Street as the Dow looks to build on its fourth positive day in a row. Investors are digesting earnings from Disney, which reported better-than-expected results, boosted by strong streaming numbers. Investors will be watching closely for earnings from Airbnb, Uber, and Shopify later this week.In other news, gamers, rejoice. Nintendo revealed plans to announce its successor to the wildly popular Switch within the next year. The president of Nintendo revealed the company’s plans on X with a post saying, “It will have been over nine years since we announced the existence of Nintendo Switch back in March 2015.” The Nintendo Switch made its debut in 2017 and has since become the third best-selling console of all time. The device has gone on to sell more than 139 million by the end of last year, according to gaming website IGN. Switch trails only Nintendo’s own DS console with 154 million units sold and Sony’s PlayStation 2 at more than 159 million. Sales of the Switch have been helped over the past year with releases like The Legend of Zelda: Tears of the Kingdom and Super Mario Bros. Wonder. But Nintendo is expecting sales to slow - predicting to sell 2.2 million fewer consoles than it did last year. Users currently have three different Switch models to choose from. That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#nintendo #nintendoswitch #nintendo64
Robinhood’s crypto arm is in hot water with the SEC TheStreet 2024-05-06 | The Securities and Exchange Commission is gearing up to sue Robinhood’s crypto unit.Transcript: CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Wall Street built on momentum - Monday - following the stock market’s first back-to-back weekly gain since March. Investors are hoping a cool-down in hiring could prompt the Federal Reserve to cut interest rates as early as September. The Dow rallied for a fourth straight session. Meanwhile, the S&P 500 gained one percent and the Nasdaq was also up one percent.Investors are gearing up for earnings out of Walt Disney on Tuesday. Of key interest for Wall Street: new subscriber numbers for Disney’s streaming service - Disney+.In other business headlines, Robinhood’s crypto division is in trouble with the Securities and Exchange Commission. The company says it has received a warning from the SEC of an enforcement action, known on Wall Street as a “Wells Notice.” The focus of the notice: crypto tokens traded on Robinhood. The SEC has taken a hard-line against crypto companies, claiming most digital tokens should be regulated as securities, and thus subjected to SEC registration rules. The crypto industry, however, begs to differ and accuses the SEC of being too aggressive.Robinhood’s Chief Legal Compliance and Corporate Affairs Officer Dan Gallagher said in a statement: “We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be.”Even though the SEC sent Robinhood the warning, that doesn’t automatically mean the company knowingly did anything wrong.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#robinhood #SEC #crypto
Boeing to launch two NASA astronauts in its first-ever manned space flight TheStreet 2024-05-06 | Boeing will launch two NASA astronauts to space aboard its Starliner spacecraft.Transcript:CONWAY GITTENS: I'm Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Wall Street is feeling optimistic after a weaker than expected April jobs report revived hope that the Federal Reserve could cut interest rates sooner than anticipated. Markets are pricing in about a 50 percent chance that the Fed slashes rates as soon as September.Meanwhile, names like Disney, Uber, Airbnb, Warner Brothers Discovery, and several others are slated to release earnings this week. So far, a vast majority of S&P 500 companies that have reported have beaten Wall Street estimates.And in other news, Boeing is finally launching two NASA astronauts to space on its Starliner spacecraft. After years of delays, Boeing will launch its first ever manned space flight to the International Space Station on Monday. This will be a key final test before the aerospace giant can routinely send flights to the space station.But it took a while to get to this point – the first test flight was scheduled for 2015 but was delayed for 4 years. In 2019, the aircraft’s unmanned flight was cut short after various software glitches led to a clock malfunction. A second attempt was planned for August 2021 but that was delayed until May 2022, when the Starliner successfully launched to the ISS unmanned instead.If the test flight is successful, Boeing could compete against Elon Musk’s SpaceX which has been successfully shuttling astronauts to and from the ISS since 2020.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#boeing #nasa #airplanes
NBA team owner on the recipe for success TheStreet 2024-05-05 | Owner of the Minnesota Timberwolves joined TheStreet to discuss what he looks for in a potential owner.Transcript:CONWAY GITTENS: Are you now happy with the investment that you've made into the team?GLEN TAYLOR: Well, if you've just an investment, it's been a terrific one because when I bought the price of the teams was somewhat different. I paid $88 million for it. And you know, and it's been 30 years and the values have jumped up. So that has been good. If you're talking about investments getting into the championship, we've been disappointed because every time we've had a pretty good team, we've ran into injuries and we just haven't got as far along in the Championship Series as we anticipated.CONWAY GITTENS: Now, you mentioned how things have changed in terms of ownership, how much you paid for the team and how things are worth now. You know, the Suns, Mavericks, 76ers, The Nets, The Jazz, all of those teams got new owners within the last five years. So what do you make of all of the recent changes in terms of ownership?Watch More Interviews:Shark Tank's Kevin O’Leary has a bold plan for TikTokKara Swisher issues stark warning to the mediaInflation is impossible to forecast — stop investing like you can, top economist warnsGLEN TAYLOR: Well, it just really has changed the value because of the TV rights and stuff has gone up greatly. It has just found out there's more people who want to own the team than there are teams. And that just changes the market so that the sellers can control. And that's where it is right now.CONWAY GITTENS: And so as someone with a seat at the table, as an owner, what do you look for when it comes to potential owners who are approaching the league to wanting to buy a team?GLEN TAYLOR: Well, I think ideally you would like to find ownership that lives in the community, that they have the team, but that's not always practical and it hasn't always worked out. So you want people to build a staff that live there and work there that really care about not only the team but the community. I think this is kind of a community asset and I think that's a very important element to ownership. Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#nba #minnesotatimberwolves #basketball
Sam Altman and the failure that ultimately led to ChatGPT TheStreet 2024-05-05 | You may know Sam Altman for his role spearheading OpenAI, the parent company of ChatGPT, but did you know about the failure that launched his career?Transcript:You’ve probably heard of Sam Altman, the billionaire CEO of OpenAI.OpenAI is the parent company of ChatGPT, which has quickly become one of the most known names in artificial intelligence.But there’s a lot more to Altman than the AI chatbots.Altman has been making waves in big tech since he was a teenager.At 19, he launched Loopt, a social media site that pioneered real-time location sharing.It allowed users to update their friends back in 2005.Loopt would go on to partner with most major phone carriers including Verizon, Sprint and AT&T.It never built the massive user bases of Twitter and Facebook, but it may have simply been ahead of its time.That failure was really just the beginning for AltmanAfter Loopt was acquired by GreenDot Capital in 2012, Altman used some of his profits to essentially become a founder of the modern internet.His work at startup accelerator Y Combinator bankrolled Reddit, Stripe and Airbnb.All companies that redefined how we interact, pay and travel.Along with other tech leaders, Altman became fearful of Google’s increasing dominance in the emerging field of AI, and used his business savvy and tech expertise to launch OpenAI.While OpenAI initially struggled with funding, organization and even its central purpose; it ultimately went on to launch ChatGPT and the AI arms race that now dominates big tech.Altman was also catapulted into the public spotlight…for the good and the bad.Some, including Elon Musk, have claimed Altman abandoned the principle of openness that founded OpenAI in favor of chasing profits.Altman made headlines in 2023 when OpenAI’s board voted to fire him for a “lack of candor” and hindering the company’s governance.He denied the claim, OpenAI’s staff threatened to quit, and Altman was ultimately reinstated as CEO.So calling Altman a hero or a villain may be a matter of perspective, but there’s no denying his status as a disruptor. SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#samaltman #artificialintelligence #chatgpt
How Envoy Medical is disrupting the hearing loss industry TheStreet 2024-05-04 | Brent Lucas, CEO of Envoy Medical, joined TheStreet to discuss how his company is disrupting the hearing loss industry.Transcript:BRENT LUCAS: Envoy Medical is a hearing health company and really what separates us from everything else that's currently on the market, is that we have devices that are fully implanted and we use the ear to pick up sound. We don't use an artificial microphone. So when you think about Envoy, you really can break us down and differentiate us from the rest of the market in that fully implanted devices. So nothing on the outside of your head whatsoever, nothing on the side of your head or in your ear behind your ear. And we use the ear to pick up sound versus an artificial microphone.And we have two devices. We have one that is called the Esteem. That is a fully implanted, active middle ear device. That one received FDA approval and is currently on the market. And then we have an investigational device, which is the Acclaim. That device is what I believe will be the first fully implanted cochlear implant to use the ear to pick up sound and the benefits of using your ear to pick up sound are sort of self-evident in that our ears were designed or evolved in a certain way to allow us to hear human speech differently. It allows us to localize sound, reduce background noise and things of that nature.CONWAY GITTENS: So I've seen in my research that some people are calling you a disrupter. I'm wondering, do you consider yourself a medical device company or a medical tech company?BRENT LUCAS: That's a great question, and I absolutely think we're going to disrupt the hearing industry, specifically the hearing implant industry, which I believe has been rather complacent for quite a period of time. I'm not making a lot of friends in the industry by saying we are going to disrupt the current cochlear implant space for sure with our fully implanted cochlear implant. We are changing the game. So I think we're probably both. We are a technology company. Hearing is different than your traditional medical devices in that there's a lot of direct to consumer considerations. It's not just you're not just selling to the physician, you're selling to the patient, to the patient's family. So in that regard, we're probably a little bit more of a technology company than we are a traditional medical device company. But we definitely cross both categories.CONWAY GITTENS: So when we talk about this industry and implanted hearing devices, how are you disrupting the price?BRENT LUCAS: Yeah, that's an interesting question because if you compare us to hearing aids, which I would not do, we are not a hearing aid. We are not a hearing aid company. In fact, we have there's a bill being introduced in Congress right now that's trying to make that very clear, that fully implanted, active middle ear implants are not hearing aids. And so we are not competing with hearing aids on the price factor. That is something that Apple and Google and Samsung, I expect to be doing in the future as over-the-counter becomes much more accessible to more people.For the Esteem device, which is the fully implanted, active middle ear device that's currently on the market. That device all in. So we're talking about the surgery and the device is about $25,000 to $30,000 depending on where you get the surgery in the United States. So while that might seem like a big number at first, I would suggest that there are hearing aids as well, set of hearing aids might cost you 6, $7,000. Right and those are something that are external that they can break and over time will need to be changed. If you look at cochlear implants on the other side, Medicare pays on average about for the device and the surgery about $42,000 to $45,000 for a cochlear implant. And then the externals for a cochlear implant need to be replaced at a tune of about $7,000 to $10,000 about every four to five years. So if you look at the lifetime of a person's hearing loss, again, we think the Esteem provides an opportunity for people to save costs if they're willing to invest in that upfront. SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#hearinglossawareness #hearinglosstreatment #technology
Tools for overcoming financial stress TheStreet 2024-05-04 | Brian Portnoy, Founder of Shaping Wealth, joins TheStreet to share some tips for how to overcome financial stress.Transcript:CONWAY GITTENS: What are some of the tools that you suggest people use to overcome the stress over financial decisions and, you know, money overall?BRIAN PORTNOY: Yeah Yeah. Well, again, it starts with the plan. So having a sense of what your goals are, being relatively precise about what you want to achieve, what you need to achieve, that’s critical. Second thing is monitor your information diet. And by that I mean that we live in a world that is absolutely overwhelmed with data choice and information. There’s an old line that we’re drowning in information but starved for wisdom. So try to be very cognizant of the types of news that you’re taking in the types of data. Because if you’re trying to drink from the fire hose and learn everything, it is going to be extremely stressful when you can step back and say this piece of information is relevant to what’s on my written down plan versus, hey, this, this is just big picture. This is noise. It really does make a difference in terms of your stress level. And the third thing I’d flag is whether or not to pay attention to others. The original JP Morgan, John Pierpont Morgan, said that nothing corrupts the ones financial judgment more than the sight of your neighbor getting rich. And so right now, because of social media, because of global communications, effectively everybody is our neighbor. We’re always looking around. Those comparisons can make us incredibly stressed out. You know, we’re keeping up with the Joneses, so to speak, and so it’s hard to turn that off. But we can be a little bit more self-aware, a little bit more cognizant that those dynamics are taking place.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#finance #financialstress #financialeducation
Can journalism survive in the age of AI? An interview with Kara Swisher TheStreet 2024-05-04 | Journalist Kara Swisher explains the increasingly challenged relationship between the media and big tech and the critical need for journalism to adapt in the age of AI.Transcript:SARA SILVERSTEIN: I want to get right in and start with your book, Burn Book. And a lot of it you talk about a lot of the predictions you made in tech that have been right over and over again. Which of those are you most proud of that was most shocking to the industry that you were right about?KARA SWISHER: A lot of them I don't remember because we had a lot of scoops and things like that. But I think the one thing is the very base fact that everything that can be digitized would be digitized. I think it's kind of an obvious thing. But 25 years ago, it was not, right, the idea that every industry would be changed by what was happening in tech.But I think more recently when I wrote that column in the New York Times sort of predicting the insurrection and how it was not sort of I was, I talked about the lies Donald Trump would tell. It would shoot up and down the ecosystem, the digital ecosystem of the right, and then he'd ask them to do something to stop the election. And when I did it, I got a lot of pushback from social media sites because I said, I called them handmaidens to sedition eventually. And I think I felt good about being right about that. Though, I wish I was wrong, I guess.KARA SWISHER: You know at first, when eBay, when I when they visited me and I went to look at what they were doing, I thought it was a stupid idea. I just was like, I don't get this. I don't get it at all. And I think I was wrong about that. And now, look, eBay is not doing as well, but the idea was a great one, the idea of marketplaces. And for some reason in that case, I couldn't wrap my head around it. So I was really wrong about that, though, I certainly quickly came around.I was not a supporter of Amazon, but I thought they would do a lot better than most of the press thought at the time when they called them amazon.bom. I thought Jeff Bezos was a great entrepreneur. And directionally, it was correct. Others, you know, Webvan, so many others failed. But I did believe in commerce after that. But marketplace was something I missed, I think.Valuations, I didn't think when Facebook got a $15 billion valuation after the Microsoft investment-- I forget what year that was. Maybe 2008 or 2009, I don't remember. I was gobsmacked and I thought it was stupid. And I said so, and I was wrong. Because what they did is they grew into it. They sort of faked it till they made it kind of thing. And I just didn't think that the market would sustain these crazy valuations. But I should have known because they did it before.SARA SILVERSTEIN: And a lot of that it seems like narrative economics is you know-- since I know Shiller wrote a book about it. But how much do you think storytelling is driving the value of tech assets right now?KARA SWISHER: I think it's two things. I think-- you know, look, there's lots of good stories for businesses and they don't seem to get the kind of lift that others do. There's a mania around some of it, like you saw with the gamestop thing or anything else that has nothing is divorced from value obviously. I think tech gets a pass where they divorce value with-- some tech, not all of it because some of it's really big. But it gets divorced from value.And so sometimes the story is a good one and it sells it more than it should. Other times, it is a significant business. I think a lot of these in a bad case the currency, the cryptocurrency stocks got hit more because the story was not quite filling in the case of AI. We'll see. The valuations are very high in the private markets. We'll see if they have actual businesses and whether that matters.SARA SILVERSTEIN: And you did predict that the internet was going to ground media as we knew it into dust.KARA SWISHER: Yes, I did. That was a good one.SARA SILVERSTEIN: That was a good one. And we work in the media space, so you were really right about that.KARA SWISHER: It's still doing it. Let me just say, it's not over. But go ahead.SARA SILVERSTEIN: Well, no, yeah. I was going to say, we need to shift again. What are we still doing wrong, and then we could get to what's happening next with AI? But what are we still doing wrong?KARA SWISHER: I think it's too late. The media doesn't have technological chops that they need to do to beat these companies. At the time they were coming in, a lot of tech media companies-- first of all, they thought they'd go away because these valuations wouldn't be sustained. Well, they were. So they had the money to do it, right? They have the money and they have the means to do it. And anyone who has the money and the means tends to win in many markets.SUBSCRIBE | http://t.st/TheStreetTV#ai #artificialintelligence #interview
Electric vehicle tax credit update: See if you qualify TheStreet 2024-05-03 | The U.S. government has updated some rules for electric vehicle tax credits, potentially making more EVs eligible.transcript:CONWAY GITTENS: Investors look ahead to another big week of earnings and changes around which electric vehicles qualify for tax credits. I’m Conway Gittens with TheStreet - those stories coming upI’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.Investors are reacting positively to the April jobs report. While the U.S. economy posted its weakest job growth in six months, investors hope the softer than expected report could mean the Fed will cut interest rates soon, rather than later. Markets are pricing in a 50 percent chance the Fed slashes rates by September.Investors are also looking ahead to a busy week of earnings – names like Airbnb, Uber, Warner Brothers Discovery, and several others are slated to release quarterly results next week.Looking at other business headlines: If you’re interested in buying an electric vehicle - there might be some good news coming your way The U.S. government has changed some of the rules around tax credits for EVs. Automakers will now have more time to comply with electric battery regulations, meaning more EVs could be eligible for a tax credit of up to $7,500.But there is some fine print here to consider. The amount of credits given depend on a person’s income, where the car was assembled, and requirements tied to a car’s battery makeup. Forget about the full tax credit if the car contains battery minerals from countries considered hostile to the U.S. Countries on that list include China, Russia, North Korea, and Iran.According to the Alliance for Automotive Innovation, only 13 of the 114 EV models currently sold in the U.S. are eligible for the full $7,500 credit.The changes are aimed at trying to persuade more Americans to purchase electric vehicles. The Biden Administration’s goal is to have half of all new vehicle sales be electric by 2030. EV sales grew by only 3.3 percent in the first three months of this year, compared to a 47 percent increase in the same period a year ago .That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#ev #electricvehicle #taxcredit
IRS audit crackdown: Who’s most likely to be targeted TheStreet 2024-05-03 | The IRS plans to more than double its audit rate for its wealthiest taxpayers.Transcript:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.Wall Street is reacting to the April jobs report – the U.S. economy added 175,00 jobs in April, below expectations of 240,00, and a notable slowdown from a gain of 303,000 in March. The unemployment rate also rose to 3.9 percent from 3.8 percent. This report could be a sign that the Federal Reserve’s 11 rate hikes have finally started to dampen labor demand.Separately, Apple shares saw a major pop in early morning trading after the tech giant announced a 110 million dollar share buyback, marking the largest share buyback in U.S. historyIn other news - The Internal Revenue Service plans to more than double its audit rate of the country’s wealthiest taxpayers by 2026. The agency says the audits will pertain to taxpayers with a positive income of more than $10 million. It also intends to nearly triple the audit rate on corporations with more than $250 million in assets.Of the new plan, IRS Commissioner Danny Werfel said “This update also reflects our ongoing effort to make sure we focus compliance resources where they need to be.” However, the Commissioner made sure to point out that the IRS will not increase audit rates for small businesses and taxpayers making under $400,000.Between 2013 and 2021, the IRS examined less than one percent of tax returns, both individual and corporate. And according to its most recent Data Book, the IRS closed more than 580,000 tax return audits last year. That led to $31.9 billion in recommended additional taxes owed.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#IRS #taxes #irsaudit
Peloton stock sinks to record low as CEO steps down TheStreet 2024-05-03 | Peloton shares fell to a record low after CEO Barry McCarthy stepped down.Transcript:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange - here’s what we’re watching on TheStreet today.Stocks were in the green to close out today's session. The Dow closed 300 points higher, the Nasdaq closed 1.5 percent higher, and the S&P closed nearly one percent higher. This comes as investors continue to digest corporate earnings while looking ahead to the all-important April jobs report out Friday. Analysts are anticipating another strong month of job growth, forecasting a gain of 240,000 jobs, a slowdown from the 303,000 in March. Investors will be closely watching this report to determine the health of the U.S. labor market.In other news - Peloton is now searching for its third CEO in just over two years. The company announced that current CEO Barry McCarthy will step down. 15 percent of the company’s workforce is heading out the door as well. Peloton says the layoffs were necessary because it ““simply had no other way to bring its spending in line with its revenue.”The company released a statement saying “This restructuring will position Peloton for sustained, positive free cash flow, while enabling the company to continue to invest in software, hardware and content innovation, improvements to its member support experience, and optimizations to marketing efforts to scale the business,”The restructuring plan comes on the heels of disappointing third-quarter results. The fitness company missed Wall Street’s expectations on both its top and bottom lines. Peloton has suffered a dramatic fall from pandemic darling. Revenues have declined for nine straight quarters, and it hasn’t turned a net profit since December of 2020. The stock is at an all-time low.Peloton doesn’t seem optimistic going forward, as it predicts a roughly 20 percent drop in app subscriptions - which comes out to about 150,000 users.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#peloton #ceo #pelotonbike
What is Tim Cook’s net worth? TheStreet 2024-05-02 | TheStreet dives into the net worth of the mogul at the helm of Apple.Transcript:Since taking the reins at Apple in 2012, Tim Cook has launched some of the most iconic products of our generation. Apple Watches, AirPods, and so many iPhones helped push Apple to a more than $2.5 trillion market cap, making it world's second-largest company. But how much wealth has he built for himself?What is Tim Cook’s net worth?Cook owned over 3 million in Apple stock as of October 2023, which is less than one percent of Apple’s total shares.To compare, Elon Musk and Jeff Bezos hold 13% stakes in Tesla and Amazon, respectively.But like most CEOs, Cook receives a pretty generous annual salary.In 2022, he was paid $84 million dollars.His base pay was $3 million, but coupled with company equity and other perks, Cook’s total compensation came out to $99 million for the year.But in 2023, he took a pretty steep pay cut – Apple’s board slashed Cook's total compensation by 40 percent, making it $49 million.He also has a sizable real estate portfolio.Cook’s primary residence is a 2.4 million dollar home in Palo Alto, purchased in 2010.He also owns a $10 million mansion on a private golf resort in La Quinta, California.Outside of Silicon Valley, Cook is known for his philanthropy.During the COVID pandemic, Cook donated $5 million and $2 million to two undisclosed organizations.He’s also given to the American Cancer Society, Doctors Without Borders, PETA, and several others.According to Fortune, Cook plans to donate most of his wealth( mainly in the form of Apple stock) to various charities when he dies.As of April 2024, Tim Cook’s net worth is $2 billion, putting him low on the list of tech billionaires, but a billionaire nonetheless. Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#apple #timcook #networth
Are arcade games the next frontier for legal gambling? Dave & Busters thinks so TheStreet 2024-05-02 | Dave & Buster’s to allow betting on arcade games.Transcript:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange - here’s what we’re watching on TheStreet today.Investors are continuing to react to the Fed’s decision to hold interest rates steady. Wall Street is feeling optimistic after Fed Chair Powell ruled out a 2024 interest rate hike as the central bank’s next move. Markets are now pricing in a 40 percent chance of a rate cut in September.Attention now shifts to the labor market ahead of the April jobs report due on Friday. Analysts are expecting another month of strong job growth.In other news - Many Americans can already legally bet on football and basketball games, and now they’ll be able to bet on arcade games.Dave & Buster’s announced a partnership with gaming tech company Lucra which allows loyalty members to place bets with each other. The bets would likely run between $5 and $10, and would be made through the D&B app. The wagers could be made on games like Skee-ball or Hot Shots Basketball.According to the American Gaming Association, U.S. gamblers wagered nearly $120 billion on sports betting in 2023. But there’s also the social betting sector, which took in $6 billion all by itself..As for Dave & Buster’s bet on gambling, here’s what a company official had to say: “This new partnership gives our loyalty members real-time, unrivaled gaming experiences, and reinforces our commitment to continuing to elevate our customer experience through innovative, cutting-edge technology.”Dave & Buster’s was founded in 1982 and now has 222 locations in North America. Its restaurant and entertainment centers attract 30 million unique visitors a year, and it has 5 million loyalty rewards members. Shares of D&B, which also runs Main Event Entertainment, are up 50% over the past 12 months.That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#daveandbusters #gambling #arcade
Another crypto CEO sentenced to prison TheStreet 2024-05-01 | Binance founder Changpeng Zhao has been sentenced to four months in prison after pleading guilty to money laundering.Full Video Transcript Below:CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange — here’s what we’re watching on TheStreet today.Stocks were mixed to close out today's session. The Dow closed higher, the Nasdaq closed lower, and the S&P also closed lower. This comes as investors digest the latest Fed decision – the central bank held rates steady for the sixth straight month, saying that the U.S. hasn't made enough progress on inflation.But stocks did see a major pop after Fed Chair Jerome Powell ruled out an interest rate hike at its next meeting, easing investor fears of higher for longer interest rates.In other news - A little more than a month after former FTX CEO Sam Bankman-Fried was handed down a heavy prison sentence, another former crypto giant is headed behind barsBinance founder Changpeng Zhao, who goes by C.Z., was sentenced to four months in prison. The sentence stems from charges that his company practiced anti-money laundering activities, unlicensed money transmitting and sanctions violations.In a letter to the judge, C.Z. said “Words cannot explain how deeply I regret my choices that result in me being before the court. Rest assured that it will never happen again.”Binance has also agreed to pay more than $4 billion in fines and penalties, and C.Z. himself has agreed to step down as CEO and will pay $200 million in fines.Binance, the world’s largest cryptocurrency exchange, was found to have enabled criminals to engage in child sex abuse, and the financing of narcotics and terrorist activities. The investigation also found that the company had no system in place for reporting possible money-laundering.However, C.Z. got off easy compared to his one-time rival, Sam Bankman-Fried. In March, SBF was sentenced to 25 years in federal prison for his role in FTX’s fraud scheme. Before its collapse, FTX was the second-largest crypto exchange behind Binance.That’ll do it for your daily briefing — from the New York Stock Exchange, I’m Conway Gittens with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#crypto #biance #cryptocurrency
Marijuana reclassified federally in major win for the legal cannabis industry TheStreet 2024-05-01 | The U.S. government will reclassify marijuana as less risky as the recreational marijuana business continues to grow.Transcript:I’m Conway Gittens reporting from the New York Stock Exchange — here’s what we’re watching on TheStreet today.Stocks are coming off a rough month with all three major averages ending April in the red. The S&P 500 and Nasdaq fell 4 percent, while the Dow fell 5 percent, posting its worst monthly performance since September 2022.Investors are looking ahead to the Federal Reserve’s decision on interest rates. Analysts are widely expecting the central bank to hold interest rates steady for the sixth straight meeting. The two-day policy meeting will wrap up at 2:00 p.m. Eastern Time, followed by a press conference with Fed Chair Jerome Powell. Investors will be paying close attention for hints on whether the Fed will cut rates anytime soon.In other news - the U.S. government is officially changing its stance on marijuana. Marijuana is currently classified as a Schedule One narcotic — grouped with other drugs like heroin and ecstasy.But the Department of Justice has recommended it be changed to a Schedule Three controlled substance. According to the DEA, Schedule Three substances are defined as drugs with a moderate to low potential for physical and psychological dependence. That would put it in line with prescription drugs such as Tylenol with codeine and anabolic steroids.Marijuana has long been accepted for medicinal use — with 38 states allowing it for medical purposes. But over the last decade it has become a multi-billion dollar industry. Colorado legalized the recreational use of cannabis for adults in 2014, and now, according to MJBiz, it’s a more than $32 billion market. Recreational use is legal in 24 states, two U.S. territories, and Washington D.C.The American public has also grown more accepting of recreational marijuana use over the last 10 years. In a 2014 Gallup poll, only 51 percent of Americans said they supported cannabis legalization. In November of 2023, that number rose to 70 percent.That’ll do it for your daily briefing — from the New York Stock Exchange, I’m Conway Gittens with TheStreet.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#marijuana #marijuananews #cannabis
McDonalds may finally be feeling the cost of higher prices TheStreet 2024-04-30 | The latest earnings from McDonald's left much to be desired as prices at checkout continue to grow.Transcript:Investors look ahead to Wednesday’s Fed decision and McDonald’s may finally be feeling the cost of higher prices. I’m Caroline Woods with TheStreet, those stories coming up.I’m Caroline Woods reporting from the New York Stock Exchange — here’s what we’re watching on TheStreet today.As investors digest the high profile tech earnings from Amazon and AMD, Wall Street is largely holding its breath ahead of Wednesday’s closely watched Fed decision on interest rates.It’s all but guaranteed the central bank will hold rates steady with the CME FedWatch tool currently predicting a 97 percent chance they will do nothing this meeting. But investors will listen to every word Fed chair Jerome Powell says for clues on future decisions.On the earnings front, McDonald’s reported mixed results as reorganization costs, Middle East boycotts and increasingly cash-strapped consumers weighed on profits.McDonalds said same-store sales in the U.S. and globally fell short of expectations for the quarter as consumers worldwide increasingly pulled back on restaurant spending.The chain’s CEO Chris Kempczinski said McDonald’s must be ‘laser focused’ on affordability. During the earnings call, he said, “Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending, which is putting pressure on the [quick-service restaurant] industry.”While pricing may have pushed some customers away, the company said higher prices helped increase the average check per each order.McDonald’s and its fast food competitors have steadily increased prices in response to inflation and rising material and labor costs.The company came under fire earlier in 2024 after a Connecticut location sold its Big Mac Combo meal for 18 dollars.McDonald’s has consistently maintained that pricing varies based on location and individual franchisee, and the company strives to balance pricing and value.That’ll do it for your daily briefing — from the New York Stock Exchange, I’m Caroline Woods with TheStreet.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#mcdonalds #bigmac #earnings
Verizon, AT&T, T-Mobile, Sprint all fined by FCC for sharing customer data TheStreet 2024-04-30 | The FCC has fined the largest U.S. wireless carriers for sharing users' geolocation histories with third parties. T-Mobile was hit the hardest with an $80 million fine.Transcript:Caroline Woods: I’m Caroline Woods reporting from the New York Stock Exchange — here’s what we’re watching on TheStreet today.Wall Street will be closely monitoring the Federal Reserve’s two-day policy meeting, which kicks off today. The CME’s Fed Watch tool currently predicts a greater than 97 percent chance of interest rates remaining unchanged.Several earnings reports were released before Tuesday’s ’s opening bell — both 3M and PayPal beat Wall Street estimates on revenue by 8 percent and 10 percent, respectively. Investors will hear from Amazon and AMD after the closing bell.In other news — the U.S. government has fined the nation’s largest wireless carriers for illegally sharing customer data without their consent. The Federal Communications Commission found Verizon, AT&T, Sprint and T-Mobile all share users' geolocation histories with third parties.In a statement, the FCC said, “Each carrier attempted to offload its obligations to obtain customer consent onto downstream recipients of location information, which in many instances meant that no valid customer consent was obtained.”T-Mobile faces the largest fine at $80 million. The company released a statement saying “We take our responsibility to keep customer data secure very seriously and have always supported the FCC’s commitment to protecting consumers, but this decision is wrong, and the fine is excessive. We intend to challenge it.”AT&T was hit with a $57 million fine, while Verizon and Sprint face $47 million and $12 million fines, respectively.That’ll do it for your daily briefing — from the New York Stock Exchange, I’m Caroline Woods with TheStreet.Subscribe | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#tmobile #fcc #verizon
Meta faces new EU investigation ahead of June 2024 European elections TheStreet 2024-04-29 | Meta could face a huge fine amid an ongoing European Union investigation of concerns it hasn’t done enough to combat disinformation ahead of upcoming European elections.Transcript: I’m Caroline Woods reporting from the New York Stock Exchange - here’s what we’re watching on TheStreet today.Wall Street will be closely monitoring the Federal Reserve’s two-day policy meeting, which kicks off on Tuesday, April 30th. The CME’s fed watch tool currently predicts a greater than 97 percent chance of interest rates remaining unchanged.Investors will also be awaiting a host of earnings set to be reported on Tuesday - including Amazon, 3M, PayPal and AMD.In other news - Meta is once again facing scrutiny in Europe. EU officials are investigating the company on concerns it hasn’t done enough to combat disinformation ahead of upcoming European elections.The investigation alleges meta hasn’t fully complied with the EU’s Digital Services Act. Among other things, the EU is looking into how the company has handled advertising by scammers, as well as those looking to interfere with elections.Officials are also looking into Meta’s decision to rank political content lower on users’ feeds, claiming it may violate transparency rules.Meta released a statement addressing the allegations, saying “We have a well-established process for identifying and mitigating risks on our platforms. We look forward to continuing our cooperation with the European Commission and providing them with further details of this work.”If the Commission finds Meta to have violated the digital services act, the company could be fined up to 6 percent of its entire global revenue.That’ll do it for your daily briefing - from the New York Stock Exchange, I’m Caroline Woods with TheStreet.SUBSCRIBE | http://t.st/TheStreetTVEarn. Live. Invest. | thestreet.comTheStreet Pro | pro.thestreet.com#meta #eu #markzuckerberg
Tesla takes another step to launching its full self-driving technology in China TheStreet 2024-04-29 | Tesla cleared a huge regulatory hurdle in its biggest market as it attempts to realize its full self-driving ambitions. China announced it would be removing restrictions on Tesla’s electric vehicles after the company passed data security requirements. The news is a likely precursor to Tesla’s Full Self Driving becoming available in the country. SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#tesla #teslamodels #elonmusk
How Boeing can restore public confidence after safety incidents TheStreet 2024-04-28 | PR expert Scott Powell joined TheStreet to discuss how Boeing could have better addressed the concerns of both passengers and investors.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#boeing #boeing737max #airplanes
New dyslexia treatment targets biggest challenge in cognitive healthcare TheStreet 2024-04-28 | Can AI treat dyslexia in a way traditional experts can't? Dr. Coral Hoh explains how she's trying to do just with AI-powered platform Dysolve.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#ai #dyslexia #artificialintelligence
Kevin OLeary says this is the biggest mistake first-time entrepreneurs make TheStreet 2024-04-27 | Kevin O'Leary explains the most common mistake first-time entrepreneurs make and how to avoid making it.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#entrepreneur #kevinoleary #entrepreneurmindset
Kara Swisher is keeping a close eye on companies you wouldn’t expect TheStreet 2024-04-27 | Famed journalist and author Kara Swisher joined TheStreet to share which industries and companies she’s keeping her eye on.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#companies #industry #karaswisher
It’s still painfully expensive to buy a house, but relief could be on the way TheStreet 2024-04-26 | Mortgage rates climbed to 7.1%, marking the third straight week of gains. Here’s a look at what to expect from the housing market in the months ahead.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#mortgagerates #mortgage #housingmarket
Some Ring camera owners are eligible for refunds — Here are the applicable models TheStreet 2024-04-26 | If you own a Ring camera, you may be entitled to compensation. The Federal Trade Commission is sending $5.6 million in refunds to Ring customers after alleged privacy violations. In 2023, the FTC accused the doorbell company of allowing its employees and contractors to access people’s private footage without consent. Ring claimed it used the footage to train its algorithm. As a result of the settlement, Ring was forced to pay a hefty fine and delete all unauthorized footage. You are eligible for the refund if you owned the Stick Up or Indoor camera models before February 1st, 2018.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#ringcamera #ring #ftc
Meta stock tanks as aggressive AI spending worries Wall Street TheStreet 2024-04-25 | Shares of Meta took a nosedive after the company announced its aggressive AI spending plans.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#meta #markzuckerberg #AI
A TikTok ban is on the table but not guaranteed: What to watch next TheStreet 2024-04-25 | President Biden signed a law that will force TikTok to find a new owner or risk being banned.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#presidentbiden #tiktokbanned #tiktok
Airline refunds just got easier: What new federal rules mean for you TheStreet 2024-04-24 | New Biden administration rules aim to make it easier to get a refund when your flight is canceled or significantly delayed.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#airlines #bidenadministration #airport
New Tesla Models on the way — What we learned during Tesla earnings TheStreet 2024-04-24 | Elon Musk was back at it with another memorable earnings report. Here's what we learned about new, cheaper cars expected to come down the production line in 2025.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#teslaearnings #tesla #elonmusk
New home sales skyrocketed in March as existing home sales plunged TheStreet 2024-04-23 | It was a mixed bag for the housing market in March.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#homebuying #homes #homesales
Taylor Swift breaks her own streaming record in just 12 hours TheStreet 2024-04-23 | Spotify, Apple Music, and Amazon music all reported record first-day streams for Taylor Swift's 'The Tortured Poet's Department.'SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#taylorswift #taylorswiftnewalbum #taylornation
TikTok vows to sue if U.S. bans app TheStreet 2024-04-22 | TikTok is gearing up for a legal battle should the app be banned in the U.S.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#tiktok #tiktokbanned #tiktokvideo
Tesla cuts prices in key markets after sales drop TheStreet 2024-04-22 | Tesla has slashed prices in China, Germany and the U.S. as it contends with falling sales.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#tesla #elonmusk #ev
Everything to know about the iconic force behind RuPauls Drag Race TheStreet 2024-04-21 | RuPaul has been a household name for decades with her music career, MAC line and bringing drag to the mainstream with RuPaul’s Drag Race. But how much is she worth when you put it all together?SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#rupaulsdragrace #rupaul #rupauldragrace #networth
Will a shift to electric save you money at the pump? TheStreet 2024-04-21 | Patrick De Haan, Head of petroleum analysis at GasBuddy joined TheStreet to discuss how a transition to EVs could impact gas prices.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#ev #electricvehicle #gasprices
Lifesaving tool could help parents protect children on social media, expert says TheStreet 2024-04-21 | Marc Berkman, CEO of the Organization for Social Media Safety, joined TheStreet to discuss the dangers of social media.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#socialmedia #socialmediasafety #internet
How ‘flexible pricing’ works and how companies use it TheStreet 2024-04-20 | Ever wondered how ridesharing apps and even your electric company can utilize surge pricing to charge you more for the same service? We take a deep dive, and find that unfortunately, flexible pricing tactics are here to stay.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#surgepricing #flexiblepricing #ridesharing
Boeing’s response following recent incidents was ‘unsatisfactory,’ PR expert says TheStreet 2024-04-20 | Scott Powell, President and CEO of Skyline Corporate Communications Group, joined TheStreet to grade its response to all of the negative press.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#boeing #boeing737max #boeing737
How this YouTuber built a huge audience by playing slots TheStreet 2024-04-20 | Brian Christopher, gambling influencer, joined TheStreet to discuss the appeal of watching others gamble online.SUBSCRIBE | http://t.st/TheStreetTVMORE VIDEOS: thestreet.com/videoACTION ALERTS PLUS | thestreet.com/signup/action-alerts-plus-videoREAL MONEY PRO | thestreet.com/signup/real-money-videoLINKEDIN | http://linkedin.com/company/theStreetFACEBOOK | facebook.com/TheStreetTWITTER | http://twitter.com/thestreetINSTAGRAM | instagram.com/thestreet/?hl=en#gambling #influencer #gamblingonline
