Elite investor Ray Dalio warns the US may suffer a financial ‘heart attack’ if the debt problem isn’t tackled
Ray Dalio is the founder of Bridgewater Associates. Ray Dalio sounded the alarm on America’s soaring debt, warning the US must act before it suffers the financial equivalent of a “heart attack.” The billionaire investor said “debt accumulates like plaque” in a financial system, and that poses a “problem” for governments as interest payments eat…
Customers are fraudulently asking delivery apps for refunds on food they received
Refund and promotion frauds are challenges for food delivery companies, a new report finds. Asking for a refund on your food delivery — even when there’s not anything wrong with it — is a big problem for delivery services, according to a new report. About 48% of consumer fraud on delivery apps involved “refund fraud,”…
Why you probably don’t need a trendy glucose monitor to track your blood sugar if you’re not diabetic
A small study suggested continuous glucose monitors may not be as accurate as hoped. Continuous glucose monitors overestimated the blood sugar levels of non-diabetic people in a small study, calling into question how useful the buzzy devices are for the average person. Researchers from the University of Bath, UK, compared the results of one brand…
Tesla falls 8%, falls below $1 trillion market cap, on plunging European car sales
Tesla shares tumbled sharply on Tuesday as data showed the electric vehicle maker’s European car sales had fallen nearly half from a year ago. Tesla sold 9,945 vehicles in January, marking a 45% plummet from the same period one year ago, according to the European Automobile Manufacturers’ Association. Tesla’s share of new car registrations in…
Berkshire Hathaway stock has crossed $750,000 for the first time this week
Berkshire Hathaway’s Class A shares crossed a milestone on Monday, trading above $750,000 for the first time. The stock hit an intraday high of $755,968 before ultimately closing lower. The stock extended its gain above the key threshold on Tuesday, hitting a record-high price of $759,923.94. The conglomerate owned by billionaire investor Warren Buffett surged…
21 employees resign from the agency rebranded as DOGE, saying they refuse to ‘dismantle critical public services’
Musk responded to the group resignation with a post on X. Twenty-one civil service employees resigned from the agency that was rebranded the United States DOGE Service on Tuesday, protesting the White House DOGE office’s actions. “We will not use our skills as technologists to compromise core government systems, jeopardize Americans’ sensitive data, or dismantle…
The US Army knows it has artillery problems. Now, it just needs to find a fix.
US Army soldiers fire an M109 self-propelled howitzer at Fort Riley in Kansas in August 2024. Satellite images of eastern Ukraine show pockmarked battlefields left scarred by relentless artillery fire. The craters are a constant reminder that these deadly cannons still play a crucial role in modern warfare. The US Army is watching this conflict…
The White House finally names the person in charge of DOGE
Elon Musk is undoubtedly the face of DOGE. It remains clear who exactly is running it. A White House official on Tuesday said that a former US Digital Service official is serving as the acting head of DOGE. In a statement to B-17, a White House official said that Amy Gleason is the acting DOGE…
Microsoft brings data center hype back to earth but the boom lives on
A Microsoft data center. Microsoft recently appeared to scale back its data center development pipeline, which would be an extraordinary step back after a period of furious growth by the tech giant. But did it really? The concerns about whether air was coming out of a data center bubble were raised by a TD Cowen…
