Wall Street is growing more bullish on Tesla’s AI push ahead of earnings
Tesla’s third-quarter earnings report beat expectations. Tesla’s fourth-quarter earnings are on deck, and Wall Street is feeling upbeat about the carmaker’s prospects, particularly around its artificial intelligence initiatives in the works. The electric vehicle giant will report results after the closing bell on Wednesday. While underwhelming year-end deliveries caused the stock to slip earlier this…
‘Key beneficiary of TikTok’s mishaps:’ Meta is one of Wall Street’s top AI picks headed into earnings
Meta CEO Mark Zuckerberg puts on Orion, the augmented reality glasses. Investors are bracing for Meta’s fourth-quarter earnings report after the closing bell on Wednesday, with the tech giant set to unveil results in the middle of a difficult week for tech stocks. The Facebook parent could come under closer scrutiny this quarter following a…
Lawmakers say Trump’s federal grant freeze threatens to make them irrelevant
At a press conference on Tuesday, Democratic senators decried Trump’s freezing of federal grants. With President Donald Trump’s administration temporarily freezing some federal grant funding, lawmakers on Tuesday warned that the move threatened to render Congress irrelevant as an institution. “If this stands, then Congress may as well adjourn,” said Sen. Angus King, an independent…
Costco’s DEI programs face new scrutiny from 19 Republican attorneys general
A group of 19 attorneys general said in a letter that Costco was “clinging” to “divisive and discriminatory DEI practices” after shareholders rejected a proposal to review the programs. Costco appears to have a target on its back. The wholesale club’s commitment to DEI is facing fresh scrutiny from 19 Republican attorneys general who say…
‘Creating chaos’: Trump’s federal funding freeze puts programs assisting kids, seniors, and veterans in jeopardy
President Donald Trump announced a pause on federal grants and loans. Meals on Wheels for seniors in poverty, Head Start childcare, and Section 8 housing vouchers are among the programs that could face funding delays after President Donald Trump suspended federal grants and loans. The Office of Management and Budget’s internal memo sent Monday night…
Maps are already being changed to ‘Gulf of America.’ It’s not a simple process.
Trump’s executive order to rename the Gulf of Mexico to the Gulf of America is implemented across the federal government and military. President Donald Trump’s executive order to rename the Gulf of Mexico to the Gulf of America is already resulting in changes across the federal government and military. Google Maps has indicated it would…
Nvidia and the stock market come roaring back after historic sell-off
Nvidia CEO Jensen Huang’s net worth fell from $121 billion to about $100 billion on Monday, the Bloomberg Billionaires Index estimated. After Monday’s massive exodus out of US tech stocks, investors proved eager to buy the dip in Tuesday’s session. Nvidia climbed to end more than 8% higher at $128.86 a share, bouncing back from…
I worked remotely in tech for years. When I was laid off, I picked up retail shifts and enjoyed seeing people.
Eliane Boucher says an in-person seasonal job has been great for her mental health This as-told-to essay is based on a conversation with Eliane Boucher. It has been edited for length and clarity. After my company’s acquisition, I was laid off from my senior director role. I had watched much of my team already impacted…
Who foresaw the DeepSeek-caused sell-off of Magnificent 7 stocks? Hedge funds, which have been cutting exposure for months.
Big-name US tech companies have slumped thanks to the Chinese AI company DeepSeek. DeepSeek — the Chinese AI company that has upended the US tech industry with its open-source models — caused the US stock market to lose hundreds of billions of market value within a day. The pain was felt by stockholders of the…
