Washington Post owner Jeff Bezos on Wednesday announced a “significant shift” to the publisher’s opinion page that led David Shipley, the paper’s editorial page editor, to leave the paper. The changes upended precedent and rattled a media company that has already been shaken by years of turmoil and leadership turnover. As part of the overhaul, […]
Nvidia (NVDA) reported its fourth quarter earnings after the bell on Wednesday, beating analysts’ expectations on the top and bottom lines and issuing solid Q1 guidance. Nvidia’s stock was up as much as 2% on the news; near 6:00 p.m. ET, the stock was up closer to 0.7%. Nvidia’s earnings come as the company girds […]
Lucid Motors is changing CEOs for the first time in nearly six years. The company announced Tuesday that Peter Rawlinson is stepping down from the CEO and CTO roles that he’s held since before the company went public. Rawlinson has also left Lucid’s board, according to a regulatory filing. Lucid appointed its chief operating officer Marc Winterhoff […]
The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.47%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.37%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell by -1.24%. March E-mini S&P futures (ESH25) fell -0.42%, and March E-mini Nasdaq futures (NQH25) fell -1.20%. Tech stocks were weak again Tuesday, dragging the rest of […]
Big orders with complicated modifications have made it difficult for baristas to keep up, leading to dissatisfied customers and a decline in company sales, Bloomberg reported. “As part of our plan to get back to Starbucks, we’re simplifying our menu to focus on fewer, more popular items, executed with excellence,” Starbucks told Today.com. “This will […]
The Bahnsen Group CIO David Bahnsen sits down with Catalysts hosts Seana Smith and Madison Mills along with Yahoo Finance executive editor Brian Sozzi to present why he is bearish on the chip giant, weighing in on Nvidia’s valuation and growth expectations. “If you compare its earnings multiple to some of the other AI companies, […]
On Feb. 4, newly appointed crypto czar David Sacks said in a press conference that the bicameral crypto working group is looking into a strategic Bitcoin reserve (SBR) and highlighted that “the concept of the sovereign wealth fund is a little separate.” Indeed, sovereign wealth funds (SWFs) have been loosely understood by the cryptoverse, often mistaken for […]
It’s been less than a month since a new Tesla fast-charging site opened behind the AC Hotel in Frisco. The location is meant to help electric vehicles make longer trips into the mountains. In its first few weeks of operation, users have raved about the station on Plugshare, a crowdsourced app where EV drivers rate […]
Florida Republican Senator Joe Gruters has introduced a bill proposing the investment of part of the state’s funds in Bitcoin and other digital assets to counter rising inflation. It follows a string of other US states recently moving toward the same goal. “The state should have access to tools such as Bitcoin to protect against […]
Amazon.com removed a reference to “inclusion and diversity” in its annual report filed on Thursday, after it told employees in a December memo that it was winding down its programs as part of corporate America’s broader retreat from such policies. Some of America’s biggest businesses have been scaling back diversity initiatives, years after pushing for […]
New ATMs are popping up across the state, but these machines don’t dispense any money. Instead, you deposit money and get cryptocurrency in return. But thanks to scammers, some are finding once they make that deposit, the money is gone forever. “It really sounded legitimate,” Tamara Glerum said. Glerum thought she was doing everything right. […]
Job creation was weaker than expected in January, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose by a seasonally adjusted 143,000 for the month, down from an upwardly revised 307,000 in December and below the 169,000 forecast from Dow Jones. The unemployment rate nudged lower to 4%. The report also featured significant benchmark […]
