Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023.David A. Grogan | CNBCA staff member on the Department of Government Efficiency team led by tech billionaire Elon Musk resigned Thursday after the Wall Street Journal asked the White House about his connection to a social media account that advocated for racism and eugenics.The DOGE staffer, Marko Elez, earlier Thursday had been approved by a federal judge along with another DOGE staff member to have access to the payment system at the U.S. Treasury, but restricted his ability to share data from the system.The Journal said it had…
Author: usaeverydaylife
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon said Thursday that revenue growth from its cloud-computing business slowed slightly to just under 19% year over year in the fourth quarter, barely missing analysts’ estimates.The company said in a statement that Amazon Web Services generated $28.79 billion in revenue. Analysts polled by StreetAccount had expected $28.84 billion. AWS growth in the third quarter was just above 19%.AWS remains larger than any other cloud infrastructure provider, ahead of Microsoft…
Pete Alonso, the first baseman known for his signature power and zest for hitting home runs, has agreed to a two-year, $54 million contract to return to the New York Mets, league sources confirmed to The Athletic on Wednesday. The deal, which will pay Alonso $30 million in 2025, includes a player option for $24 million in the second year.A four-time All-Star, Alonso, who will play his age-30 season in 2025, ranked as the best available player at his position. He entered this offseason as the No. 8 player on The Athletic’s Free Agent Big Board and was projected by The…
Asanda Zondi received a startling phone call last Thursday, with orders to make her way to a health clinic in Vulindlela, South Africa, where she was participating in a research study that was testing a new device to prevent pregnancy and H.IV. infection.The trial was shutting down, a nurse told her. The device, a silicone ring inserted into her vagina, needed to be removed right away.When Ms. Zondi, 22, arrived at the clinic, she learned why: The U.S. Agency for International Development, which funded the study, had withdrawn financial support and had issued a stop-work order to all organizations around…
Elf complexion sponges arranged in Germantown, New York, July 17, 2023.Gabby Jones | Bloomberg | Getty ImagesE.l.f. Beauty on Thursday cut its full-year guidance after seeing a 36% drop in profits and “softer than expected” sales trends in January, marking a rare downturn for one of beauty’s hottest brands. The cosmetics company reported holiday sales that were higher than expected but profits that narrowly missed estimates, another rare miss for the retailer. Shares of E.l.f. fell more than 20% in extended trading Thursday. Here’s how E.l.f. did in its fiscal third quarter compared with what Wall Street was anticipating, based on a…
Tapestry shares have been on a stellar run, up 120% in just six months. Sylvia Jablonski, Defiance ETFs co-founder and CEO, explains why she would take her gains now. Jablonski appeared on CNBC’s “Power Lunch” on Thursday to share her views on three stocks making big moves lately. Here were her quick takes during “Three-Stock Lunch.” Tapestry Shares of Tapestry jumped 13% Thursday, hitting an all-time high, after the Kate Spade and Coach parent reported fiscal second-quarter adjusted earnings and revenue that topped estimates. Tapestry also raised its full-year outlook. Jablonski said the company used price cuts to juice its…
A hiring sign is posted on the door of a Taco Bell in Alexandria, Virginia, on Aug. 22, 2024.Anna Rose Layden | Getty ImagesThe U.S. labor market likely began 2025 in solid fashion, in a bit of a step down from where it closed the previous year.When the Bureau of Labor Statistics releases its nonfarm payrolls count for January, it is projected to show growth of 169,000, down from 256,000 in December, but nearly in line with the past three-month average. The unemployment rate is projected to stay at 4.1%, according to the Dow Jones consensus for the report, which…
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | ReutersElon Musk’s involvement in the Trump administration’s airspace reform plan has quickly spurred calls to bar the Tesla and SpaceX leader from those efforts over his alleged conflicts of interest.U.S. Transportation Secretary Sean Duffy said Wednesday he spoke with Musk — who also leads President Donald Trump’s government-shrinking group DOGE — in the wake of a deadly plane crash above Washington, D.C., last week.”We’re going to remake our airspace, and we’re going to…
During Fox Sports’ Super Bowl pregame show, Los Angeles Rams coach Sean McVay will make a couple of appearances, sources briefed on the plan told The Athletic.It is not a big role, but it does have some significance because there is always jockeying for position to be the next $100 million NFL TV analyst. The 39-year-old McVay, who already could have been a nine-figure-contract commentator, is in position to potentially accept such an offer if he ever should choose to take a respite from coaching.McVay, Travis Kelce and Steelers coach Mike Tomlin will have major broadcasting opportunities, if and when…
People shop for clothes at a Calvin Klein store at a mall in Beijing on Feb. 5, 2025.Adek Berry | AFP | Getty ImagesChina has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early repercussion of President Donald Trump’s trade war. China added PVH Corp. to its “unreliable entities” list on Tuesday, which allows the Chinese government to fine the retailer, prohibit import and export activities, revoke work permits, and deny employees the ability to enter the country, among other deliberately vague powers. While China’s Ministry of Commerce…
