Home Depot beats on revenue, but says customers are still putting off big renovation projects
Home Depot has beat Wall Street estimates, reporting revenue of $39.7 billion in its fourth quarter. Home Depot beat Wall Street estimates in the fourth quarter of 2024, but said that customers were still putting off bigger home improvement projects amid higher interest rates. Revenue climbed 14% compared to the same period in 2023. On…
Tesla rolls out self-driving tech in China after BYD offers it for free
Tesla owners in China can use driver-assist features on urban roads. Tesla has started rolling out driving-assistance features to some cars in China that are similar to the Full Self-Driving (FSD) system in the US, according to a software update log. Tesla said the new features allow Tesla owners in China to use driver-assist features…
DOGE’s latest request came with plenty of confusion
Good morning! Fyre Festival is back, and it’s officially got a date and location. The sequel to the infamous festival will occur from May 30 to June 2 in Isla Mujeres, Mexico. Additional details are scant, but I’m sure that’s definitely not a red flag. In today’s big story, the debate continues over how best…
Pilots raised the alarm after Chinese navy warned of live-fire drills off Australia, forcing dozens of flights to divert
A replenishment vessel and cruiser were part of the People’s Liberation Army Navy flotilla. Dozens of flights were forced to divert after a pilot warned air traffic control about a Chinese navy live-firing exercise off the Australian coast. Authorities were unaware of the exercise until a pilot raised the alarm on Friday. Rob Sharp, the…
The brands dominating with influencers, from giants like Spotify and Netflix to fast-growing celebrity businesses
Ulta Beauty carries Rihanna’s Fenty Beauty products. Streaming and fashion brands are dominating the conversation among influencers on social platforms, new data shows. Influencer marketing platform CreatorIQ ranked the top brands that creators posted about in 2024 in a new report. These brands generated the most conversation and impact in creator marketing, based on CreatorIQ’s…
Trump is selling ‘official’ DOGE membership in exchange for donations
President Donald Trump’s political operation is selling DOGE merchandise, including some that bears Elon Musk. President Donald Trump’s political operation is selling DOGE membership cards, part of an effort to capitalize on the popularity of the White House DOGE office and Elon Musk’s role in it. “Today, I’m announcing that YOU can become an OFFICIAL…
Why retail darling Palantir has seen its stock plunge more than 20% in a week
Palantir stock extended a steep decline on Monday, caught in a tough sell-off that began at the beginning of last week. Shares in the AI-powered data software company have tanked 25% from their peak last Tuesday, trading at around $90.61 at 3:10 p.m. on Monday. The stock, which is a favorite among retail traders, began…
3 things to watch in crypto after Robinhood and Coinbase score big wins for the industry
Coinbase said last Friday that the SEC was ending its lawsuit against the crypto exchange. The Securities and Exchange Commission’s dropping of its lawsuit against Coinbase and its investigation into Robinhood’s crypto business are laying the groundwork for a major regulatory regime change, sources said. The first sign that the winds of change were blowing…
Spending cuts and mass layoffs have made growth the biggest question mark for US stocks
Investors are starting to question the growth prospects of the US economy as thousands of federal employees are targeted for layoffs amid a broad push to cut government spending. While the S&P 500 is only 2% below its record high, a broad sell-off on Friday sparked by weak economic data damaged high-flying stocks, including retail…
