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Did Tesla just make Musk the world’s first trillionaire? Almost certainly not. But that’s not what his colossal new deal is really about. No, Elon Musk is not getting a trillion dollars from Tesla. It’s not happening. Not a real thing. I’m sorry. I know you’ve seen a lot of news suggesting his new pay…
As Americans observe Veterans Day 2025 on Tuesday, restaurants and service chains across the United States are rolling out free meals, discounts, and special offers to honour veterans and active-duty personnel. From Texas Roadhouse Veterans Day deal 2025 to offers at Wendy’s, McDonald’s, IHOP, Dunkin’, and Starbucks, a wide array of establishments are extending gratitude…
Two of the world’s biggest data center developers have projects in Nvidia Corp.’s hometown that may sit empty for years because the local utility isn’t ready to supply electricity. In Santa Clara, California, where the world’s biggest supplier of artificial-intelligence chips is based, Digital Realty Trust Inc. applied in 2019 to build a data center. Roughly six years later, the development…
Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative…
Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater in New York City on Nov. 23, 2015. Jim Spellman | WireImage | Getty Images Michael Burry, the investor made famous by “The Big Short” who recently roiled the market with a tech short bet, is accusing some of America’s…
‘Don’t Rush In Before Robotaxi Data Arrives,’ Says Jed Dorsheimer on Tesla Stock – TipRanks.com Advertisement Much has been made of Tesla (NASDAQ:TSLA) CEO Elon Musk’s potential $1 trillion compensation package, but one market watcher doesn’t understand what all the fuss is about. Meet Your ETF AI Analyst William Blair’s Jed Dorsheimer, an analyst who…
NEW YORK (AP) — Big Tech and other superstars of the U.S. stock market got back to rallying on Monday, and Wall Street recovered most of its loss from last week. The S&P 500 climbed 1.5% and clawed back nearly all its drop from last week, which was its first weekly loss in four. The…
CoreWeave reported third-quarter 2025 earnings, posting US$1.36 billion in sales and a net loss of US$110.12 million, alongside announcements of major new commercial agreements with CrowdStrike and VAST Data to strengthen its AI cloud capabilities. These developments highlight CoreWeave’s rapid progress in broadening its partnerships and solidifying its position in the expanding AI infrastructure market….
WASHINGTON (AP) — The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy. About 1.25 million federal workers haven’t been paid since Oct. 1. Thousands of flights have been canceled, a trend that is expected to continue this week even as…
Warren Buffett—long known as one of the world’s most successful investors and committed philanthropists—is rethinking how his fortune will be spent. Though he no longer holds the title of world’s richest man, Buffett’s net worth sits around $150 billion, according to Bloomberg’s Billionaires Index. And at 95, he’s acknowledging that some of his earlier ambitions…
Legendary investor and Berkshire Hathaway CEO Warren Buffett will retire at year’s end after an epic 60 years in leadership. In a letter published Monday, Buffett said he’ll be “going quiet,” and will no longer write Berkshire’s annual report, nor talk “endlessly” at the annual meeting. But before he leaves, he recounted his life and…
As the everyday use of AI has exploded in recent years, so have the energy demands of the computing infrastructure that supports it. But the environmental toll of these large data centers, which suck up gigawatts of power and require vast amounts of water for cooling, has been too diffuse and difficult to quantify. Now,…
Kevin Hassett, director of the National Economic Council, took questions outside the White House on Monday, where CNN’s Kaitlan Collins asked him about the rising costs Americans continue to face. “Inflation is way down,” Hassett replied, repeating a familiar bit of Trump misinformation. “Grocery prices are up,” Collins noted. “Well, not everything. I mean, egg…
CoreWeave needed a lot of things to go right on Monday as it released third-quarter financial results, and one of the most critical was showing that its contracted future revenues could hit a $50 billion target Wall Street had set as a benchmark for the AI data-center and infrastructure operator. In its announcement, CoreWeave confirmed…
Tech companies have invested so much money in building data centers in recent months, it’s actively driving the US economy—and the AI race is showing no signs of slowing down. Meta chief Mark Zuckerberg told President Donald Trump last week that the company would spend $600 billion on US infrastructure—including data centers—by 2028, while OpenAI…
TITUSVILLE, Fla. — A Brevard County community is mourning an 18-year-old student who died on a Carnival Cruise ship over the weekend. Anna Kepner, a senior at Temple Christian School in Titusville, was traveling on a cruise from Miami to the Caribbean when she died. The circumstances surrounding her death have not been disclosed. Kepner’s…
President Donald Trump went on a lying spree about inflation last week. Grocery prices. Gas prices. Prescription drug prices. Overall prices. Over just three days, Trump made false claims about all of them. Trump was discussing the issue of “affordability” after Democrats won state and local elections Tuesday in part by campaigning on the cost…
Warren Buffett, the billionaire investor who turned an aging textile mill into a more than $1 trillion conglomerate, said he’s “going quiet,” marking the end of an era for one of the business world’s most-watched investing gurus. In a letter disclosing that he’s donating more than $1.3 billion to four family foundations, the 95-year-old investor,…
Suranjana TewariAsia Business Correspondent Reuters In late September, the Dutch government invoked a Cold War-era emergency law to take control of a Chinese-owned chip company that has operations in the country. The extraordinary move set off a chain of events that sent shock waves through the global motor industry – already battered by US tariffs…
People often think about tech bubbles in apocalyptic terms, but it doesn’t have to be as serious as all that. In economic terms, a bubble is a bet that turned out to be too big, leaving you with more supply than demand. The upshot: It’s not all or nothing, and even good bets can turn…
Soybean farmers, caught in the middle of a trade war between the world’s two biggest superpowers, are starting to feel the consequences as China uses its crop purchasing power as political leverage. As China’s economy has improved, the country has sought out more growth-boosting, high-protein soybean to feed its growing number of livestock such as…
Paramount‘s third-quarter revenue fell shy of Wall Street analysts’ consensus forecast, but the company issued rosy 2026 projections and upped its target for cost savings from the Skydance merger. Revenue for the period from July to September totaled $6.7 billion, flat on a pro forma basis, while analysts were expecting $7 billion. The current management…
Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit and make its remaining stores more appealing. The Dublin, Ohio-based chain said during a conference call with investors Friday that it planned to begin closing restaurants in the fourth quarter of this year. The company said…
Traders work on the floor of the New York Stock Exchange (NYSE) on Oct. 13, 2025, in New York City. Spencer Platt | Getty Images The Dow Jones Industrial Average rallied to a fresh closing record Tuesday, while the Nasdaq Composite struggled as investors moved money away from technology stocks into other parts of the…
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UPDATE: Airlines canceled 23 more Portland flights Tuesday Airlines canceled another 19 flights through Portland International Airport on Monday, as the federal government shutdown continues to weigh on air travel all across the country. Congressional Republicans and Democrats struck a deal Sunday to reopen the government but it will take time for their agreement to…
David Ellison is ready to take his pitch for Paramount public. The entertainment company reported its third quarter earnings Monday, its first earnings report under the leadership of CEO David Ellison, and the ownership of his Skydance. Ellison penned a shareholder letter, writing that scaling its direct-to-consumer business “is our top priority” alongside “supercharging” its…
Here are Monday’s biggest calls on Wall Street: Jefferies reiterates Apple as hold Jefferies said its checks show Apple’s iPhone volume has likely peaked. “iPhone has been super strong in China driven entirely by 17, and due mostly to pricing.” Goldman Sachs upgrades Piper Sandler to buy from neutral Goldman said it’s bullish on the…
Stephen Miran, governor of the US Federal Reserve, at the Nomura Research Forum during the International Monetary Fund (IMF) and World Bank Fall meetings in Washington, DC, US, on Wednesday, Oct. 15, 2025. Samuel Corum | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran on Monday advocated for further interest rate cuts as a…
A leading investment bank has delivered an arresting diagnosis of the U.S. economy: the labor market, long a pillar of resilience, may be in real trouble. In their latest economic outlook, UBS economists led by Jonathan Pingle painted a picture of mounting weakness that extends well beyond headline job numbers, warning of a growing risk…
Papa John’s (PZZA) pared some of its earlier gains and remains up 8.5% after a report that it’s nearing a $65/share sale to TriArtisan Capital. Discussions between TriArtisan and Papa John’s (PZZA) are advancing toward an agreement, though nothing has
2027 Kia Telluride Kia DETROIT – Kia on Monday previewed its next-generation Telluride SUV that the company is describing as a “new benchmark for the brand’s design and ambition.” The first-generation Telluride has been a standout success for the South Korean car brand since it launched in 2019, at many times ranking as one of…