Mavericks owner Mark Cuban: "I require my employees to be vaccinated" as Gov. Greg Abbott bans mandates in Texas
Dallas Mavericks owner Mark Cuban said in a podcast Wednesday that he requires all of his employees to be vaccinated against COVID-19.Driving the news: Cuban's comments come the same week Texas Gov. Greg Abbott issued an executive order Monday that prohibits COVID-19 vaccine mandates by any "entity," including employers. Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeWhat he's saying: “If you work for me, I require my employees to be vaccinatenews.yahoo.com
Indian leader's party takes electoral hit amid virus surge
Preliminary voting trends released by India's electoral body on Sunday indicate Prime Minister Narendra Modi’s Hindu nationalist party failed to make gains in four recent state elections, a sign his political strength may be slipping as the country struggles to contain an unprecedented surge in coronavirus cases. Public anger for allowing the elections to go forward despite the risk has been directed at both Modi’s ruling Bharatiya Janata Party and the independent Election Commission. The commission will release the final voting results later Sunday.news.yahoo.com
The CEO of Mark Cuban-backed Mintable on founding the business, the bull-case for NFTs and how the market could evolve
Today, Zach Burks is the 28-year-old founder of Mintable, an NFT, or nonfungible token, marketplace that's backed by billionaire Mark Cuban. So in 2018, Burks founded Mintable, a platform where users can mint (or blockchain verify), buy and sell NFTs. In March, Mintable announced it landed an investment from Cuban, who has used the platform to sell NFTs himself. Here, Burks shares more about Mintable, talks NFTs and Ethereum, landing an investment from Cuban and more. Beeple may be in a bubble, but that's not going to affect the everyday person that's selling on Mintable.cnbc.com
This is the fintech that Mark Cuban says you should learn about now
To keep up with emerging technology, self-made billionaire Mark Cuban is always reading and learning new things. In fact, Cuban recommends people use his tactic and take time to learn about "crypto and DeFi," he tells CNBC Make It. DeFi applications are similar to smartphone applications, but they built with smart contracts. The three largest DeFi lenders are currently Maker, Compound and Aave, according to DeFi Pulse, and in total, nearly $44 billion is locked in DeFi applications. To Cuban, DeFi is "not going anywhere," he says.cnbc.com
The sports trading card boom: Baseball cards selling for millions and the crypto craze hits NBA Top Shots
Instead, his autographed NBA rookie trading card sold for $4.6 million, making it the most expensive basketball card ever sold. Sports trading cards are suddenly booming, with returns on sports card investments even outperforming the S&P 500. The majority of the approximately $5 billion sports card trading market has been cards sold in eBay auctions. Cards go digitalThe sports card trading boom has officially extended to the virtual world. Digital trading cards have been around for several years on mobile apps, but blockchain technology has changed the game, allowing platforms to actually track ownership of digital assets, like NFTs.cnbc.com
Mark Cuban: Crazy NFT prices 'will settle down' over time, but the tech is here to stay
Billionaire investor Mark Cuban has been at the forefront of the wave of interest in blockchain technology, smart contracts and NFTs, or non-fungible tokens. It's "like the early days of all new tech, the excitement sometimes creates some unique situations," Cuban tells CNBC Make It. NFTs are unique cryptocurrency tokens used to represent assets, like works of digital art, music or movies. Cuban predicts that NFTs will disrupt the art, music and movie industries. He also owns NFT-based digital assets, including a "Maxi Kleber dunk Moment" card that he considers a collectible and just as valuable as a physical sport card.cnbc.com
Cuban, Mavs Organization donates $1.25 Million For Winter Storm Relief
But there are still people who are suffering the crippling effects of last week’s Winter Storm that paralyzed the entire state of Texas with ice, snow and arctic air that dropped temperatures to below 0 over several nights. Seeing the needs all around him, Dallas Mavericks Owner Mark Cuban donated $1 million to Winter Storm Recovery efforts locally. When it was all said and done, they collected over $1.25 million to donate in emergency grants and relief. The entire state of Texas received a federal disaster declaration for the winter storm from President Joe Biden on Feb. 14. When my boss donates $1 million dollars, it encourages the rest of us to show up and give,” Marshall said.thewestsidegazette.com
Blockchain company buys and burns Banksy artwork to turn it into a digital original
Injective Protocol, the company behind the stunt, bought the screenprint "Morons (White)" from New York's Taglialatella Gallery, then burned it Monday evening. While digital art has recently become popular, this event is the first major instance in which a physical artwork was turned into a unique digital asset, according to Injective Protocol executive Mirza Uddin. Representatives from the Taglialatella Gallery confirmed that the print was sold to Injective Protocol in January. According to Injective Protocol, Taglialatella Gallery was not aware the print would be destroyed when it was sold. For example, NFTs can be linked to digital photos, videos, virtual trading cards in video games and even digital artwork.cbsnews.com
Mavs' Porzingis shrugs off trade talk after latest injury
(AP Photo/Michael Ainsworth)There was one difference during yet another multigame injury absence for Kristaps Porzingis with the Dallas Mavericks. Porzingis' right knee caused a 10-game absence earlier in his first Dallas season. Porzingis also missed half of the six games during a first-round playoff loss to the Los Angeles Clippers in August. It will be almost two weeks between games for Porzingis if he plays against Brooklyn. AdHis defense has suffered, with Porzingis ranking near the bottom of the NBA in defensive efficiency while averaging 1.6 blocks per game.
Republican wants to require national anthem in Wisconsin
Mavericks owner Mark Cuban agreed to play the national anthem after the NBA reiterated its policy to require the song. “This tradition traces its roots back more than a century – even pre-dating the song’s adoption as the national anthem. No matter the scope, there is no penalty for violating the requirement, so even if the bar league softball team skipped the national anthem, there would be no repercussion under the law. Dan Patrick has said that requiring the national anthem at all Texas venues that receive public funding will be among his top legislative priorities this session. Although playing the national anthem before games is a staple of American sports at the professional and collegiate levels, it is far less common in other countries.
NBA says all teams will play national anthem after Mavericks stopped playing it before games
The NBA said Wednesday that all teams will be required to play the national anthem after the Dallas Mavericks stopped playing the song before home games at the request of owner Mark Cuban. "With NBA teams now in the process of welcoming fans back into their arenas, all teams will play the national anthem in keeping with longstanding league policy," Bass said in a statement Wednesday. The national anthem plays before the Miami Heat and Charlotte Hornets tip-off on February 1, 2021. The news comes one day after Cuban revealed that before the season, he directed his team not to play the national anthem at home games. If you want to complain, complain to your boss and ask why they don't play the National Anthem every day before you start work.'"cbsnews.com
Dallas Mavericks bring back pregame national anthem after NBA policy order
Players, coaches and staff kneel during the national anthem before the game between the Houston Rockets and the Portland Trail Blazers at The Arena at ESPN Wide World Of Sports Complex on August 04, 2020 in Lake Buena Vista, Florida. For the first time this season, the Dallas Mavericks will play the national anthem ahead of a home game. The Mavericks had not played the national anthem before any home games during the preseason or regular season at Cuban's direction, a team spokesperson confirmed to NBC News. "With NBA teams now in the process of welcoming fans back into their arenas, all teams will play the national anthem in keeping with longstanding league policy," Chief Communications Officer Mike Bass said in a statement Wednesday. Though league policy requires players to stand for the national anthem, according to NBC Sports, NBA Commissioner Adam Silver hasn't strictly enforced the rule, allowing players to kneel during the anthem in the NBA bubble last season.cnbc.com
Mavs' Cuban relents on anthem after NBA reiterates policy
(AP Photo/Tony Gutierrez)DALLAS – Dallas Mavericks owner Mark Cuban relented Wednesday and the national anthem will be played before home games this season after the NBA reiterated its “longstanding league policy” to include the song. “With NBA teams now in the process of welcoming fans back into their arenas, all teams will play the national anthem in keeping with longstanding league policy,” the league said. It's been quite a day.”The Mavericks released a statement from Cuban while acknowledging the club would return to playing the anthem. “We have no problem playing the national anthem at all,” Cuban said. “I stand for the national anthem.
Mark Cuban stops playing of national anthem before Dallas Mavericks home games
Dallas Mavericks owner Mark Cuban said Tuesday he decided before the season not to have the national anthem played before the team's home games. The Mavericks played their first 10 regular-season home games at the American Airlines Center without fans. He also tweeted, 'The National Anthem Police in this country are out of control. If you want to complain, complain to your boss and ask why they don't play the National Anthem every day before you start work.'" The pregame national anthem is a staple of American sports at both the professional and collegiate level, but is far less commonplace at pro sporting events in other countries.cbsnews.com
Mavs owner Cuban stops playing national anthem at home games
Dallas Mavericks forward Tim Hardaway Jr. (11) shoots as team owner Mark Cuban watches during the first half of the team's NBA basketball game against the Golden State Warriors in Dallas, Thursday, Feb. 4, 2021. (AP Photo/Tony Gutierrez)DALLAS – Dallas Mavericks owner Mark Cuban said Tuesday he decided before this season began not to play the national anthem before the team's home games. Cuban didn't elaborate on his decision not to play the anthem, saying nobody had noticed. The Athletic first reported that Dallas had dropped the anthem. The pregame national anthem is a staple of American sports at both the professional and collegiate level, but is far less commonplace at pro sporting events in other countries.
Mark Cuban on dogecoin: No intrinsic value but 'I bought a few dollars worth for my son'–it's 'educational for him'
Don't get him wrong, Cuban realizes dogecoin has no intrinsic value — but it sure is fun. Beyond the entertainment value, what's happening with dogecoin is also a teachable moment, according to Cuban. In fact, he "bought a few dollars worth" of dogecoin for his 11-year-old son, Jake, he told Forbes. In January, Cuban tweeted that his son bought $10 worth of the "doggie coin." "I truly love it as the lowest cost economics teaching tool available that entertains at the same time," Cuban told Forbes.cnbc.com
Mark Cuban: Don't buy stock to 'solve a financial hole you are in' – that is the 'exact wrong time to trade'
That's why he says it's important to assess your personal financial situation before trading or investing in the market, he said. "If you are buying [a stock] because you need the price to go up and solve a financial hole you are in, that is the EXACT WRONG time to trade," Cuban tweeted on Wednesday. Indeed, experts recommend amassing emergency savings before taking on the risk of the stock market. Cuban said Tuesday during a Reddit "Ask Me Anything" that he doesn't own any GameStop stock, but if he did, he would hold. In general, "[w]hen I buy a stock, I make sure I know why I'm buying it," Cuban said during the Reddit AMA.cnbc.com
'This is real' — Mark Cuban says Reddit traders won't go away just because they lost money
Billionaire entrepreneur Mark Cuban told CNBC on Tuesday that he believes the Reddit traders who helped spark the GameStop short squeeze and subsequent stock surge will remain a force in the market. "You get out there and create more buyers for your stock and the stock price goes up and that's exactly what's happening here, except it's just WallStreetBets that's doing the 'getting loud.'" Cuban sees young investors throwing out old Wall Street metricsCuban said he believes a larger shift is afoot among younger investors. Not only do they obtain their information through different channels online, Cuban said he thinks they may also approach valuations with an alternative mindset after growing up "with an iPhone their entire lives." From his own experience, Cuban said he believes that approach can carry over into publicly traded stocks.cnbc.com
Mark Cuban, despite market concerns, sees Reddit crowd as great equalizer on Wall Street
"It's not the first time low float or heavily shorted stocks have been targeted," Cuban said on "Squawk Box." "There are many hedge funds that have made a lot of money over the years targeting heavily shorted stocks. The WallStreetBets crowd on Reddit is playing the speculative nature of the market, historically dominated by high-frequency computer-driven trading, Cuban said. Cuban said hedge funds or anyone who decided to short the stock understood the trade could go the wrong way. "When you short a stock, there's a [vigorish] on it," which is essentially a fee for placing a bet, Cuban said.cnbc.com
Mark Cuban says his goal was 'to retire by the time I was 35'—because 'you can never buy' time
In fact, "my whole goal when I started [working] was to retire by the time I was 35," Cuban recalled during Friday's episode of ABC's "Shark Tank," "because the one thing you can never buy is time." Cuban had the idea after reading the 1988 book "Cashing in on the American Dream: How to Retire at 35" by Paul Terhorst, Cuban told CNN Money in 2017. Feeling inspired, Cuban believed that "if you could save up to $1 million and live like a student, you could retire" early. Soon after, Cuban realized he could use his wealth to "do things that buy time," he told Barbara Corcoran in 2019 on her "888-Barbara" podcast. And that's important, because time is the one asset you can't own, buy or get back," he said.cnbc.com
Mavs destroy Clippers 124-73 to earn 1st win of season
Josh Richardson added 21 points and Tim Hardaway Jr. had 18 points for the Mavs, who kept up their dominance in the second half, too. Paul George led the Kawhi Leonard-less Clippers with 15 points before sitting out the second half. Serge Ibaka added 13 points and nine rebounds over three quarters of the team's first loss. He scored as many points (13) as the Clippers in the first quarter. They swept the Mavs last season, winning all three meetings as the visiting team, including a first-round playoff victory.
YouTube announces lineup for discussions on racial justice
LOS ANGELES – Mark Cuban, Anthony Anderson and Skylar Diggins-Smith will take part in a series of panel discussions on YouTube that are focused on racial justice. Common and Keke Palmer return as hosts of the forum, which will include sports figures, entertainers and activists. Diggins-Smith will appear on panel with reporter Jemele Hill and activist Harry Edwards about athletes’ impact on today’s political movement. “It is so important that we keep a dialogue about racial justice going beyond any particular moment,” Palmer said. “I want to encourage my peers to continue to have thoughtful and powerful conversations that will lead us to change.
Mark Cuban on how the country will change post-pandemic: 'America 2.0' will look 'different'
According to self-made billionaire Mark Cuban, the future of America post-pandemic, or what he calls "America 2.0," will look "different." "My dad always said that you don't live in the world you were born into, and that's not going to change," Cuban said during a Q&A session at the George W. Bush Center on Oct. 21. "That, to me, is America 2.0." Here are some of Cuban's predictions on what "America 2.0" will look like. "When there is change, even when it's horrific like this, there is opportunity there," Cuban said.cnbc.com
The book Mark Cuban read in his 30s that helped him get rich
Mark Cuban is an avid reader (as are his fellow billionaires Bill Gates and Warren Buffett). The 1988 book by Paul Terhorst, an accountant-turned-author, details how he was able to retire at age 35. The premise of the book is that "if you could save up to $1 million and live like a student, you could retire," Cuban told CNN Money in 2017. To save money and help reach his goal, Cuban said that in the late '80s and '90s, he lived off of macaroni and cheese and drove "the worst possible car." And after starting his business MicroSolutions in 1983, Cuban "went a long seven years without a vacation," he told Webb and Koehler.cnbc.com
Mark Cuban: Why Joe Biden is ‘the right choice for business’
At multiple points in the past few years, Mark Cuban said he was considering running for president in 2020. Cuban has had no problem criticizing both President Donald Trump and his Democratic challenger, Joe Biden, in the past. But the "Shark Tank" star endorsed Biden earlier this year and on Monday, saying in an Instagram Live interview that the former Vice President is the "right choice for business." Cuban cited as his reason the economic instability caused by what he called Trump's "botched" response to the coronavirus pandemic. And instability is the worst thing that can happen to a business," Cuban said on Instagram Live in an interview with Rhett Buttle, the Biden campaign's national business advisor.cnbc.com
Arenas, stadiums find new life as safer options for voting
Jen Cox poses for a photo on Thursday, Oct. 15, 2020, after voting early at State Farm Arena in downtown Atlanta. “This was an amazing, fantastic experience,” Jen Cox said after voting at State Farm Arena, home of the Atlanta Hawks. The Hawks were the first NBA team to commit their arena for early voting. There are 30 early voting locations scattered around Fulton County, which stretches 70 miles (112 kilometers) north to south. Florida has early voting at venues used by the NBA’s Orlando Magic, the NHL’s Tampa Bay Lightning and the NFL’s Tampa Bay Buccaneers.
Mark Cuban on stalled stimulus negotiations: All of Congress is 'complicit in the problem'
To move negotiations forward, Americans need to put pressure on their elected officials, Mark Cuban, self-made billionaire, investor on ABC's "Shark Tank" and owner of the Dallas Mavericks, tells CNBC Make It. The current stalemate, according to Cuban, is a result of elected officials being afraid to stand against their party's leadership. Cuban sees this as a result of a "lack of leadership and hyper partisanship" and says that "all current politicians are complicit in the problem." "We need [the stimulus] as much now as we did back then," at the start of the pandemic, he says. Continued financial support is imperative, R.A. Farrokhnia, professor of finance at Columbia Business School, previously told CNBC Make It.cnbc.com
Mark Cuban on the 'best investment' he ever made: 'Most people don't put in the time' to do it
Mark Cuban, entrepreneur and investor on ABC's "Shark Tank," has invested in hundreds of successful companies to date. In the 1990s, Cuban founded and sold several start-ups that helped him reach billionaire status. But, according to Cuban, "the best investment I ever made was investing in myself, first and foremost," he told Men's Health in an interview published Sept. 1. While Cuban certainly has a strong track record of self-driven financial success, he was often broke in his early 20s. You [have] complete uncertainty about your career," he told Men's Health.cnbc.com
Mark Cuban: Every household in America should receive a $1,000 stimulus check every 2 weeks for the next 2 months
Additionally, families would have to spend each check within 10 days, or they would lose the money, Cuban says. "I don't care what they spend it on," Cuban told KNX 1070 News Radio in May. Without mandating the money be spent within 10 days of receipt, Cuban believes many Americans will save it. With Cuban's plan, "the whole goal is to get that money every two weeks into the economy," he says. All in all, it does make sense to support additional stimulus payments, on top of "substantial unemployment and nutrition support," Marr says.cnbc.com
Mark Cuban: White House coronavirus safeguards need to be US norm before people feel comfortable
Billionaire entrepreneur Mark Cuban told CNBC on Monday that coronavirus safeguards in place at the White House need to become the norm before most Americans will feel comfortable going out again. The White House has stepped up its prevention efforts following the diagnoses, according to NBC News. White House spokesman Judd Deere told CNBC on Monday that every staff member close to the president and vice president are tested every day. Cuban, owner of the NBA's Dallas Mavericks and an investor in small businesses through "Shark Tank," said he wants to apply the "White House protocol" for his employees. "Whatever the White House is doing for the president and vice president, that's the protocol I want to use for my employees.cnbc.com