Former President Trump's presidential campaign raised more than President Biden's in the second quarter of this year, according to announcements by both campaigns on Tuesday.
An Australia-based security startup has raised a $7.5 million seed funding round to help major corporations use generative AI without fear of bots spilling their secrets, the company exclusively shared with Axios.
The big picture: Companies haven't yet figured out how to bring AI agents or chatbots into their workflows while protecting proprietary information.
Federal Reserve chair Jerome Powell said he is not focused on the possibility that former President Trump might be re-elected and could chip away at the central bank's political independence.
Why it matters: When Trump was in office, he publicly lambasted Powell, whom he appointed — once suggesting the central bank chief was a bigger "enemy" than China's Xi Jinping.
Barry Diller is weighing a takeover offer for CBS parent company Paramount Global, signing a nondisclosure agreement with control shareholder National Amusements, per the NY Times.
The big picture: Diller buying Paramount from Shari Redstone would be a clever way for the writers to end this twisty saga.
The parent company of defunct crypto bank Silvergate has agreed to pay $63 million to settle a lawsuit from the SEC and accusations brought by the Federal Reserve Board and California regulators against the bank and former executives.
Why it's the BFD: The SEC's suit has to do with some $1 trillion in banking transactions in 2021 and 2022, during which time Silvergate allegedly knowingly violated the Bank Secrecy Act and anti-money laundering rules.
CNBC on Tuesday will announce the launch of CNBC Sport, a new coverage area that will be helmed by new and existing CNBC talent.
Why it matters: This is CNBC's first announcement related to a broader plan to shift its editorial and business focus to cross-platform verticals led by subject-matter experts.
Exactly 30 years ago, a Warren G hip-hop classic opened with the line "Regulators, mount up!" But now the Supreme Court is giving very different signals.
Why it matters: A 6-3 ruling Monday from the court's conservative majority brings even more jeopardy for expansive executive rules.
A Louisiana federal judge has blocked the White House pause on new LNG export licenses to major markets, but the on-the-ground effects of the order are pretty hazy for now.
Why it matters: The injunction Monday is a victory for attorneys general in 16 GOP-led states and industry groups battling the pause, which Biden officials announced in January to weigh the economic and climate effects of surging exports.
Jennifer Romolini is the latest former media executive to grapple with the fever dream of the Girl Boss era, and the culture of workaholism that fueled it.
Why it matters: In her new memoir, "Ambition Monster," Romolini digs into what fueled her rise from college dropout to executive positions in print media in the early aughts and online media during its heyday nearly a decade ago.
The S&P 500 has been the clear winner among major stock markets in recent years, thanks to enormous technology companies. But the whole world has managed to recover pretty well from the 2020 crash.
Why it matters: The S&P 500's outperformance isn't really a function of American exceptionalism. U.S. small caps, for instance, as measured by the Russell 2000, are significantly underperforming France and Germany, and are barely outperforming Brexit-wracked Britain.
The Boston Celtics are for sale, according to a statement sent out on Monday by team ownership.
Why it matters: This comes just weeks after the club won its record 18th championship, and as the NBA finishes negotiations on a mammoth new media rights deal.
Catch up quick: The Celtics were purchased in 2002 for $360 million by a group of investment professionals, including venture capitalist Wyc Grousbeck and private equity investor Steve Pagliuca.
Grousbeck, whose father Irv Grousbeck also participated in the buy, eventually became lead owner and team governor.
Behind the scenes: Sources say that Grousbeck has been considering a sale for months, but that a final decision didn't come until after the championship run.
American Airlines has entered into a conditional purchase agreement with hydrogen fuel cell aviation upstart ZeroAvia for 100 hydrogen-electric engines intended to power regional jets with zero in-flight emissions.
Why it matters: American sees ZeroAvia's engines as a potential game-changer for powering its regional flights.
