Check out the companies making headlines before the bell: Firefly Aerospace — The aerospace company fell more than 10% after posting its first quarterly report since going public last month. Firefly saw a wider loss and lower revenue than expected for the second quarter. AutoZone — The automotive parts retailer fell 2% after its gross profits and earnings per share came in below Wall Street’s expectations for the fiscal fourth quarter , despite an increase in same-store sales during the same period. Kenvue — Shares bounced more than 4% in premarket trading, recouping some of its losses from the prior…
Author: usaeverydaylife
While close to 150 world leaders prepared to descend on Manhattan for the U.N. General Assembly, the U.S. Secret Service was quietly dismantling a massive hidden telecom network across the New York area — a system investigators say could have crippled cell towers, jammed 911 calls and flooded networks with chaos at the very moment the city was most vulnerable.The cache, made up of more than 300 SIM servers packed with over 100,000 SIM cards and clustered within 35 miles of the United Nations, represents one of the most sweeping communications threats uncovered on U.S. soil. Investigators warn the system…
Bloomberg | Bloomberg | Getty ImagesAmazon and the Federal Trade Commission are squaring off in a long-awaited trial over whether the company duped users into paying for Prime memberships.The lawsuit, filed by the FTC in June 2023 under the Biden administration, alleges that Amazon deceived tens of millions of customers into signing up for its Prime subscription program and sabotaged their attempts to cancel it. Amazon has denied any wrongdoing.The trial is being held in a federal court in Seattle, Amazon’s backyard. Jury selection began Monday and opening arguments are slated for Tuesday, with the trial expected to last about…
A view shows The World Health Organization (WHO) headquarters in Geneva, Switzerland, Jan. 28, 2025. Denis Balibouse | ReutersEuropean Union and British health agencies confirmed the safety of paracetamol during pregnancy, disputing a warning from U.S. President Donald Trump linking the popular pain medication to autism.The World Health Organization said on Tuesday that evidence of a link remained inconsistent and urged caution in drawing conclusions.Trump had on Monday linked autism to childhood vaccine use and the taking of Tylenol by women when pregnant, elevating claims not backed by scientific evidence to the forefront of U.S. health policy.The European Medicines Agency said…
Edward Woodford, founder and CEO of crypto infrastructure firm zerohash.Courtesy: zerohashCrypto infrastructure startup Zerohash has raised $104 million in funding with backing from financial firms including Morgan Stanley and SoFi, CNBC has learned.The Series D round was led by Interactive Brokers, the global automated trading firm, and includes strategic investors who are also clients of Zerohash, founder and CEO Edward Woodford told CNBC in an interview. The company is valued at $1 billion, he said.”We wanted to raise from the largest, most trusted brands in the world and have that be the bridge into this new technology,” he said.Funds managed…
Tom Brady.Mike Ehrmann | Getty Images Sport | Getty ImagesTom Brady struck a partnership with robotic massage device maker Aescape to provide the company with exclusive rights to his recovery and longevity protocols, Aescape announced on Tuesday.As part of the deal Brady has been given the title of chief innovation officer for the company. Terms of the agreement were not disclosed. Brady’s business partner Alex Spiro will also join Aescape, as a strategic advisor. They will support both product development and Aescape’s growth into capital markets, the company said.Brady, a 7-time Super Bowl champion, played in the NFL until age…
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, U.S. March 18, 2025. Brittany Hosea-Small | Reuters Rarely in life do you get a win-win scenario, but Nvidia seems to have conjured one in its partnership with OpenAI. The chipmaker — which lately has been on a spending spree equal in intensity to a tourist shopping for tax-free goods in Japan — announced Monday an investment of up to $100 billion in OpenAI.Here’s the clever bit. OpenAI is planning to build systems with Nvidia’s artificial intelligence chips. Each…
Container backlog occurs at Longtan Port Container Terminal in Nanjing, Jiangsu Province, China, on September 21, 2025. (Photo by Costfoto/NurPhoto via Getty Images)Costfoto| Nurphoto | Getty ImagesThe Organisation for Economic Co-operation and Development upgraded its global economic growth forecast on Tuesday, with many economies appearing more resilient than expected so far this year.The OECD now expects global growth of 3.2% this year, compared to the 2.9% expansion it had forecast in June. Expectations for 2026 were unchanged at 2.9%. This would mark a slowdown from the 3.3% growth seen in 2024.Growth expectations for the U.S. were also lifted, to 1.8%…
Nurphoto | Nurphoto | Getty ImagesMajor global semiconductor stocks rose on Tuesday after Nvidia announced plans to invest $100 billion in OpenAI.The deal between Nvidia and OpenAI is on a large scale. OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, which is equivalent to 4 million and 5 million graphics processing units (GPUs), according to Nvidia CEO Jensen Huang.The news sparked a rally on Wall Street, with positive sentiment flowing through to the global chip sector and especially touching companies with ties to Nvidia.In Taiwan, shares of Taiwan Semiconductor Manufacturing Co., which manufactures chips for…
U.S. President Donald Trump’s plans to place $100,000 fees on H-1B visa applications will disproportionately harm America’s startup space, founders and venture capitalists told CNBC on Tuesday.H-1B visas — which allow companies to temporarily hire foreign workers in skilled occupations such as IT, healthcare and engineering — were already difficult to secure for U.S. startups, due to limited annual quotas. Over the past year, Desmond Lim, CEO and co-founder of HR, payroll and hiring tech platform Workstream, said all of his firm’s H1-B applications had been rejected — something he called “very disappointing” as he tries to secure more top engineering talent.Last…
