Statue of George Mason on campus of George Mason University, Fairfax, Virginia. Robert Knopes | UCG | Universal Images Group | Getty ImagesThe Department of Education said Thursday that it has opened an investigation into George Mason University’s hiring and promotion practices, the second federal probe of the Fairfax, Virginia, school launched in the past month.The department’s Office for Civil Rights is investigating a complaint filed by GMU professors who alleged that the university’s personnel decisions are skewed to favor some racial groups over others.The department said in a statement that the alleged behavior “creates a racially hostile environment” and…
Author: usaeverydaylife
CNBC spotted a Tesla robotaxi in Austin, Texas, on June 24, 2025Katie TarasovElon Musk’s Tesla has applied to test and eventually deploy its Robotaxi vehicles in Phoenix, Arizona, following in the footsteps of market leader Waymo.Tesla has applied to conduct autonomous vehicle testing and operations, with and without human safety drivers on board, in Arizona, a spokesperson for the Arizona Department of Transportation told CNBC on Thursday. A decision on the application is expected at the end of July, and Tesla has “expressed interest in operating within the Phoenix Metro area,” the spokesperson said via email.Reuters first reported Tesla’s Arizona…
Nvidia CEO Jensen Huang delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., on April 30, 2025.Leah Millis | ReutersNvidia CEO Jensen Huang will meet with President Donald Trump at the White House on Thursday, CNBC’s Megan Cassella reported.The meeting comes as Nvidia rose slightly on Thursday, becoming the first company to close a trading day with a market cap over $4 trillion, beating Apple and Microsoft to the symbolic milestone. Nvidia touched the mark briefly on Wednesday during trading.Trump praised Nvidia stock in a social media post Thursday morning.”NVIDIA IS UP…
Levi Strauss raised its full-year guidance Thursday and said it’s working to absorb some of the costs it’s facing from higher tariffs, but that could change as President Donald Trump’s trade policy evolves. The denim maker doesn’t disclose its key manufacturing hubs, but much of its supply comes from Southeast Asia. Many countries in the region have been targeted by Trump’s so-called reciprocal tariff plan. Levi’s is currently expecting its full-year adjusted earnings to be between $1.25 to $1.30 per share, up from a prior forecast of between $1.20 and $1.25 and better than the $1.23 analysts had expected, according to LSEG.…
Homebuilder stocks have been chronic underperformers in 2025, failing to develop any sort of bullish rotation while the major benchmarks have recovered quite well. Since the April 7th market low, the iShares U.S. Home Construction ETF (ITB) has experienced minimal gains, resulting in weak relative performance versus the S & P 500. A review of the charts this week shows that the ITB has rotated to an accumulation phase, marked by a pattern of higher highs and higher lows. Let’s look closer at this week’s breakout and see how this could be just the beginning for this improving industry group.…
One way for investors to justify buying stocks now, despite all of the uncertainty in the macroeconomy, is to operate as if today’s news likely won’t matter much to the market in a year. Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, said in a note to clients that there is a new “bull case” for the market emerging that considers tariffs to be a “non-event,” at least partly because lower oil prices will help to offset inflation concerns. The outlook for corporate profits also gives investors a reason to wave off any negative trends in the upcoming,…
X Corp’s CEO Linda Yaccarino looks on during the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Nathan Howard | ReutersEx-X CEO Linda Yaccarino is still @lindayaX on the social media site, but she’s lost the blue checkmark next to her account name.The X Help Center notes that the site “may remove the checkmark of an account at any time without notice.”Yaccarino announced she was leaving the position on Wednesday. The blue checkmark that is bestowed upon verified, X Premium accounts is now gone.Yaccarino did not give a reason for…
Investors looking for a great entry point in municipal bonds can find it in water revenue issues, according to Nuveen. The muni market, in general, has been the worst-performing fixed-income asset class so far this year through the second quarter, said Dan Close, head of municipals at Nuveen. That has created a unique opportunity to nab the bonds at bargain prices — with yields that are approaching 10-year highs, he said. Yields move inversely to prices, so the market’s recent weakness equates to higher yields. For instance, an AA-rated water revenue bond from New York City Water Finance Authority that…
Pavlo Gonchar | Lightrocket | Getty ImagesSpace startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space.The latest round included participation from Peter Thiel, Lux Capital, Khosla Ventures and Caffeinated Capital. It brought the total capital Varda’s raised to $329 million.”By expanding, we can support work on more complex molecules and ultimately increase cadence to achieve the turnaround times the pharmaceutical industry expects,” Chief Science Officer Adrian Radocea said in a press release Thursday.Follow and listen to CNBC’s “Manifest Space”…
Republican presidential nominee and former U.S. President Donald Trump speaks during a press conference at Trump Tower in New York City, U.S., September 6, 2024. David Dee Delgado | ReutersA federal appeals court in New York on Thursday upheld a civil jury verdict that found President Donald Trump liable for sexually abusing and defaming the writer E. Jean Carroll, and which ordered him to pay her $5 million in damages.A three-judge appeals panel in its unanimous ruling said it concluded that Trump “had not demonstrated that the district court” judge who presided over his trial “erred in any of the challenged…
