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    (CNN)As Republicans try to salvage their troubled quest to win the Senate majority this fall, party operatives are pointing their fingers at the fundraising failures of two GOP nominees and their idiosyncratic tech mogul backer, Peter Thiel.Thiel's $15 million super PAC investments helped boost Ohio's J.D. Vance and Arizona's Blake Masters in their competitive primaries earlier this year, with the California billionaire even influencing former President Donald Trump's decision to endorse both candidates. But since the two candidates won their respective nominations, Thiel has not stepped up with additional investments as Vance and Masters have struggled to raise money on their own -- while both have been massively outraised by their Democratic rivals. The disparity has prompted Republican observers to question why Thiel has so far refused to help his chosen candidates in the general election through a big donation to a super PAC. Wheres J.D.?: Vances Ohio Senate campaign prompts GOP concerns"This is a Thiel problem that has a Thiel solution," said Liam Donovan, a Republican lobbyist and strategist. "Anybody that emerged from these primaries with 30% was going...
    In this article PLTRVIDEO48:4848:48Palantir's Alex Karp on the intersection of big tech and politicsAspen Ideas FestivalAs U.S. companies and executives balance publicly addressing hot-button political topics, Palantir CEO Alex Karp said many still struggle with figuring out when they must speak out and when they shouldn't. "Companies have a problem that it's very hard for them to tether what they're producing to a higher mission, and therefore they cannot exactly adjudicate where they have to speak out and where maybe they don't have to speak out," Karp told CNBC's Andrew Ross Sorkin at the Aspen Ideas Festival this week. "Then there's just general issues of, if you're going to use our product for things we don't support, we feel like we have to speak out." The call for companies to take a stand on social issues has only increased in recent years, most recently around abortion following the U.S. Supreme Court overturning Roe v. Wade last week. Karp, who noted he is pro-choice, said that Palantir has always" provided for people to leave states or go to places where their rights...
    Erik Finman is seen on the set of "Candace" on July 19, 2021 in Nashville, Tennessee.Jason Davis | Getty Images Erik Finman, who became a bitcoin millionaire by the time he was 18, is spending up to $20 million on Republican candidates running for Congress in the 2022 midterm elections. Finman, 23, said he wants to donate $10 million toward GOP candidates and political action committees, including Saving Arizona, a super PAC backing Trump-endorsed Arizona GOP Senate candidate Blake Masters. The committee has received at least $10 million from tech executive and Republican megadonor Peter Thiel, Federal Election Commission records show. Finman said he's sinking another $10 million into his new Washington D.C. based nonprofit America's Future. The 501(c)(4) will finance what he called a "midterms tour" – a series of rallies across the country for conservative candidates. Finman's new organization will also promote his conservative ideals as well as a proposed regulatory framework for cryptocurrencies, he said in an interview. Finman's foray into politics comes as the crypto industry evolves into a powerful lobbying force on Capitol Hill. Over...
    Elon Musk clapped back at Congresswoman Alexandria Ocasio-Cortez after he accused him of potentially inciting hate crimes with his purchase of Twitter. Ocasio-Cortez, 32, was responding to Musk's intention to acquire the social media giant on Friday. 'Tired of having to collectively stress about what explosion of hate crimes is happening bc some billionaire with an ego problem unilaterally controls a massive communication platform and skews it because Tucker Carlson or Peter Thiel took him to dinner and made him feel special,' she tweeted. Musk, 50, decided to tweet back in an attempt to deflect. 'Stop hitting on me, I’m really shy,' he wrote, adding a pink-faced emoji to go along with it.  Elon Musk clapped back at Congresswoman Alexandria Ocasio-Cortez after he accused him of potentially inciting hate crimes with his purchase of Twitter 'Stop hitting on me, I’m really shy,' he wrote, adding a pink-faced emoji to go along with it Earlier in the day, Ocasio-Cortez took exception to Musk's claim that the 'far left' had taken over the Democratic Party in recent years after he...
    In this article BTC.CM=The logo of cryptocurrency platform BlockFi.Budrul Chukrut | SOPA Images | LightRocket via Getty ImagesCryptocurrency firm BlockFi said Monday it has agreed to pay $100 million to the U.S. Securities and Exchange Commission and several states to settle charges related to its popular crypto lending product. BlockFi, which is backed by Silicon Valley investor Peter Thiel, touts itself as a bank-like platform for crypto users. The company offers a popular savings product that lets clients accrue interest on their digital currency holdings. BlockFi advertises annual percentage yields as high as 9.25% on its website, much higher than the average savings rates on offer from incumbent financial institutions. The firm says it is able to offer such rates as large institutional investors are willing to pay more to borrow the deposits. Bitcoin and other digital assets are not regulated, however, and authorities have grown concerned by a lack of oversight for crypto-related services that more closely resemble traditional financial products that are regulated. The SEC said Monday it had charged BlockFi with failing to register its retail crypto...
    (CNN)It's a "near certainty" that a Philadelphia duplex fire that claimed 12 lives was started by a lighter igniting a Christmas tree on the second floor of the building, city Fire Commissioner Adam Thiel said Tuesday. Theil said that one of their sources of information, in combination with an exhaustive investigation, was a 5-year-old child who survived the fire. "We believe with certainty, so 99 to 100% confidence, that the first item ignited in this blaze was a Christmas tree," Thiel said. 3 sisters and 9 children identified as victims of the Philadelphia row house fire, family says"We believe with near certainty, based on the evidence, that the ignition source for that tree was a lighter that was located nearby."While he said the child was a witness and gave a version of events, they cannot say definitively who started the fire. Investigators found that the child was the only person on the second floor where the tree and lighter were found when the blaze started, Thiel added."So we are left with the words of that 5-year-old child, that traumatized 5-year-old...
    The super PAC supporting Republican Arizona Senate candidate Blake Masters is launching a $1 milling advertising buy targeting Arizona Attorney General Mark Brnovich, the leading contender in the race for the GOP nomination. Saving Arizona PAC is hitting the broadcast, cable, and streaming television airwaves statewide with a spot accusing Brnovich of being soft on illegal immigration and border security. The advertisement, also scheduled to run on digital platforms, follows a recent spot from the super PAC that criticized the Arizona attorney general for his handling of election integrity issues in the wake of former President Donald Trump’s loss to President Joe Biden in the state last November. “Attorney General Mark Brnovich isn’t doing his job on illegal immigration,” the voiceover in the new ad says as the spot opens. “Mark Brnovich: Opposing Trump; failing on illegal immigration,” the ad concludes. WHY LIBREAL IN-YOUR-FACE PROTEST TACTICS WON'T DRIVE JOE MANCHIN AND KYRSTEN SINEMA TO BECOME REPUBLICANS Trump continues to insist that the 2020 election, in Arizona and elsewhere, was stolen. And Brnovich has come under fire from the former...
    More On: peter thiel Peter Thiel protege Blake Masters launches US Senate run in Arizona Majority of Americans censor themselves with 59% saying it’s ‘out of control’: study Peter Thiel-backed crypto firm Bullish to go public in $9B SPAC deal Venture capitalist J.D. Vance enters Senate race in Ohio Want to have an intimate dinner with Silicon Valley billionaire Peter Thiel? Just donate $5,800 to one of his employees’ campaigns for US Senate.  Donors who give the maximum legal amount to support Blake Masters’ bid to unseat Democratic Arizona Sen. Mark Kelly in 2022 will be invited to have dinner with the candidate and Thiel, according to the campaign.  Masters, the 34-year-old chief operating officer at investment firm Thiel Capital and a former protege of Thiel at Stanford University, first announced his Republican primary campaign last month with a promise to “completely end illegal immigration.”  In a tweet announcing the unconventional promotion, Masters said people who donated $5,800 by the end of the day Friday would be able to attend dinners with the pair in small groups of four...
    Thomas FarleyAnjali Sundaram | CNBC Crypto startup Bullish plans to go public in a reverse merger with the special purpose acquisition company backed by Tom Farley, the former New York Stock Exchange president. Farley's Far Peak Acquisition Corporation SPAC jumped roughly 4% on the news. The deal, announced Friday, is expected to close by the end of 2021 — and Farley, who oversaw the NYSE from 2014 to 2018, will become CEO of Bullish when that happens. Bullish expects to receive around $600 million in proceeds from Far Peak, plus another $300 million through a PIPE, or private investment in public equity. A host of big name investors are participating in the PIPE, including BlackRock, the world's largest asset manager, and Mike Novogratz's crypto-focused financial services firm Galaxy Digital. The merger between Far Peak and Bullish implies a pro forma equity value of roughly $9 billion, according to a press release. Bullish intends to launch "a revolutionary, regulated cryptocurrency exchange" later this year, with a private pilot program beginning in the coming weeks, the press release said. The exchange will offer...
    Peter Thiel, a strong supporter of former President Donald Trump, hosted at least one event in 2016 to which he reportedly invited a white nationalist and other controversial figures. Author and venture capitalist J.D. Vance announced on Thursday that he would be running for the Republican nomination for Ohio's open U.S. Senate seat in 2022. The seat is currently held by GOP Sen. Rob Portman, who is retiring. Vance is the seventh Republican to officially file for the election. Also currently running is serial failed Senate candidate Josh Mandel. The seat is currently rated as "lean Republican" by the Cook Political Report, while Inside Elections says it is "solid" for the party. In March, in advance of Vance's official campaign declaration, former Paypal executive and billionaire Peter Thiel donated $10 million to Protect Ohio Values, a super PAC supporting Vance's candidacy. On Wednesday, just before Vance's announcement, the PAC released a digital ad in support of his campaign, which they promoted in an "exclusive" for Fox News. Over the last...
    Number of COVID-19 patients in hospitals reaches 100,000 for the first time Parents of 628 migrant children separated at border still have not been found, court filing says Billionaire Richard Li Teams Up With Peter Thiel on SPAC Bet (Bloomberg) -- Billionaire Richard Li, who broke away from his famous father Li Ka-shing decades ago to build his own business empire, is taking a page out of his dad’s playbook by further expanding outside Hong Kong. Since last year, the younger Li has stepped up investment in Southeast Asia, agreeing to pay $3 billion for a Thai insurance business and extending his insurance operations in Vietnam and Indonesia. He was part of a bid for a digital-banking permit in Singapore and -- most recently -- has teamed up with PayPal Holdings Inc. co-founder Peter Thiel to establish a $595 million blank-check firm for acquiring one or more Southeast Asian companies. © Bloomberg Hong Kong's Chief Executive Election Richard Li Load Error Photographer: Paul Yeung/Bloomberg The moves come at a time of Hong Kong political uncertainty that echoes the...
    Peter Thiel's secretive data-mining firm Palantir is working with the federal government to track the manufacture, distribution and administration of COVID-19 vaccines across America, according to health officials. State and local health officials told the Wall Street Journal Palantir, one of the world's biggest surveillance companies, has been developing a software called Tiberius to help authorities decide where to allocate vaccines.  The system will be able to show officials which areas have a high presence of vulnerable and elderly people or frontline healthcare workers so that shots can be prioritized to these areas first, officials explained.  Palantir has worked with the US government on several high-profile contracts in the past including helping the military track down Osama bin Laden and currently tracking COVID-19 hospitalizations across the country.  However, the company has been slammed by human rights groups over controversial programs including helping Immigration and Customs Enforcement track down illegal immigrants and a law enforcement tool used by the LAPD to track personal details of anyone who has ever come into contact with the police - including victims or bystanders.  Democrat lawmakers...
    Hurricane Laura Photos, Videos Show Widespread Destruction in Louisiana Amazon Fresh opens first supermarket in Los Angeles with checkout in cart Morning Bell With Jim Cramer: Excitement Around Salesforce The stocks in the Dow and S&P 500 are up in trading Thursday but the Nasdaq is down slightly as Fed chairman Jay Powell addresses the public about an easier monetary policy. © TheStreet Morning Bell With Jim Cramer: Excitement Around Salesforce In the last episode of Mad Money, Jim Cramer said even if you think you have the hottest hand in the world, it's time to ring the register and take home some of the winnings. Load Error TheStreet's Katherine Ross and Cramer are on Street Lightning talking about the excellent earnings from Salesforce, the Palantir IPO and the latest news from McDonald's. Salesforce Stock: Buy or Sell? Salesforce has been rising since its blowout quarterly earnings showing Marc Benioff and the Action Alerts PLUS holding is built for this moment. Salesforce reached a record high in trading on Wednesday and cloud stocks are benefiting...
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