White House now says Elon Musk doesn’t have any ‘formal authority’ over DOGE
The White House says Elon Musk is not leading the Department of Government Efficiency. Elon Musk is often called the leader of the Department of Government Efficiency. But a recent White House court filing said the assumed leader of DOGE has “no actual or formal authority to make government decisions himself.” “In his role as…
I booked a sleep pod in Dubai’s airport for $123. I don’t fully regret it, but I’d spend my layover differently next time.
I rented a private sleep pod while in the Dubai International Airport for a layover. I don’t sleep on planes — not even in a cushy lie-flat seat in business class. So, during my 16-hour-plus journey from Chicago to the Maldives, I was most worried about how exhausted I’d be during my seven-hour layover in…
Big-name managers are piling into adtech stock AppLovin, the newest hedge fund hotel
AppLovin CEO Adam Foroughi’s company has attracted growth-obsessed hedge funds. Big-name managers spent the end of 2024 checking into the newest hedge fund hotel. AppLovin, the mobile advertising platform apps use to monetize their offerings, has soared thanks to artificial intelligence advances that have pushed its advertising revenue up more than 70% year-over-year. The stock…
Some Republicans are pushing back on DOGE as firings hit their home states
Republican Sen. Bill Cassidy criticized the firing of newly hired FBI agents, saying it would specifically impact his home state of Louisiana. As the Department of Government Efficiency continues to make swift cuts to the federal workforce and government spending, a handful of Republicans have begun to push back. They’re not criticizing the existence of…
5 tips to help you cope with flight anxiety
If you’re nervous every time you get on a flight, reading the news doesn’t help. On Monday, a Delta plane flipped upside down while landing in Toronto’s main airport, injuring 21 people. The footage comes a few weeks after a military helicopter collided with an American Airlines passenger jet in DC, killing all 64 people…
White House says Elon Musk doesn’t have any ‘formal authority’ over DOGE
The White House says Elon Musk is not leading the Department of Government Efficiency. Elon Musk is often called the leader of the Department of Government Efficiency. But a recent White House court filing said the assumed leader of DOGE has “no actual or formal authority to make government decisions himself.” “In his role as…
Paul Singer’s Elliott Management bets against Nvidia after calling it a ‘bubble’ and saying AI is ‘overhyped’
Paul Singer’s Elliott Management bets against Nvidia after calling it a ‘bubble’ and saying AI is ‘overhyped’ Elliott Management bet big against Nvidia after telling clients the chipmaker’s stock was in a “bubble” and artificial intelligence was “overhyped.” Billionaire investor Paul Singer’s firm bought put options last quarter on 1.45 million Nvidia shares with a…
4 ways a possible end to the Russia-Ukraine war is moving markets
Trump reportedly called Putin about negotiating an end to the war in Ukraine. Investors are positioning for the possibility that Russia’s war with Ukraine could soon end, with the prospect of a cease-fire already sparking shifts in the market. Markets have been responding to improving chances for the three-year conflict to wind down since President…
AI startup Groq once almost ran out of money, so the CEO took a page from World War II fundraising
When Groq faced a cash crunch a few years ago, CEO Jonathan Gross asked staff to cut their cash salaries. Semiconductor startup Groq was once so close to going broke that the CEO took inspiration from the US’s fundraising during World War II. Jonathan Ross, who founded the company in 2016 with a group of…
