Trump is putting Tesla’s $2.8 billion side hustle under threat
Donald Trump and Tesla boss Elon Musk have struck up a close political relationship. Elon Musk may have won the status of President Donald Trump’s “first buddy” — but the new president could jeopardize one of Tesla’s most lucrative side hustles. Tesla has made billions selling regulatory credits to rivals in the past decade, but…
I apologize to my 7 and 2-year-old when I’m wrong. I’m giving them the respect I never had growing up.
I give my children the respect I never had growing up. I apologize to my 7-year-old daughter whenever I mess up. When she’s not listening, and I lose my cool and yell, I apologize for my reaction. It doesn’t remove her culpability or the consequences of not listening. As the adult, however, my responsibility is…
DeepSeek’s founder said ‘experience is not that important’ when hiring staff in rare 2023 interview
In a rare interview from 2023, DeepSeek’s founder gave an insight into his hiring strategy. Liang Wenfeng, the founder of the Chinese AI lab DeepSeek, has an unusual take on hiring: favoring creativity over experience. Liang rarely gives interviews, but he has come into the spotlight since DeepSeek startled the tech world with its cost-efficient…
Nvidia retail investors told us why they’re unfazed by DeepSeek’s market disruption and refusing to sell
A fund that tracks Nvidia stock is one of the most popular leveraged ETFs. Nvidia’s nearly $600 billion sell-off on Monday wasn’t enough to shake the faith of retail bulls, and everyday investors told B-17 that they see the plunge as a golden buying opportunity to get more of the stock at a discount. The…
Starbucks’ sales turnaround plan seems to be working
Starbucks reported quarterly results late on Tuesday. Starbucks has turned to a new CEO and a new strategy to stop sales tumbling. Although it’s early days, it looks like the first steps have added a small caffeine boost to the company. Comparable sales fell 4% for the quarter ended December 29, the company said on…
Microsoft’s AI business is booming. It’s not enough to soothe investors.
Microsoft reported earnings after the stock market closed on Wednesday. Microsoft’s earnings on Wednesday showed strong growth in its AI business — just not enough to reassure investors. Sales tied to Azure and other cloud computing grew 31% in fiscal Q2, slightly slower than the 31.8% analysts surveyed by Bloomberg estimated. Meantime, CEO Satya Nadella…
Starbucks to cut a third of its menu offerings this year as the coffee giant streamlines service
Starbucks CEO Brian Niccol said during a Tuesday earnings call that the coffee giant will cut 30% of its menu offerings this year. Starbucks’ increasingly complicated menu is a thing of the past, CEO Brian Niccol told investors during a Tuesday earnings call. Niccol said the international coffee chain plans to cut 30% of its…
‘What happened with DeepSeek is actually super bullish’: Point72 founder Steve Cohen on AI, Trump’s impact, and giving up trading
Steve Cohen’s Point72 has a stand-alone fund focused on artificial intelligence. Billionaire Steve Cohen isn’t worried that the US has lost any kind of AI race with China just because of DeepSeek’s recent breakthroughs. The Chinese AI startup has vaporized hundreds of billions of market value from some of the biggest names in the S&P…
Starbucks’ CEO is so psyched to bring back a coffee-shop staple that he talked about it 3 times on one call
Starbucks’ CEO Brian Niccol brought back ceramic mugs for customers dining in stores. Brian Niccol can’t get enough of Starbucks’ ceramic mugs. Since the CEO moved from Chipotle for the top job in September, he’s focused on making Starbucks a more inviting place for customers to hang out. Niccol introduced several changes, including having more…
