Elon Musk speaks with U.S. President-elect Donald Trump and guests at a viewing of the launch of the sixth test flight of the SpaceX Starship, in Brownsville, Texas, U.S., November 19, 2024.Brandon Bell | Via ReutersElon Musk and President Donald Trump took to social media this week declaring that astronauts left at the space station must return “as soon as possible,” despite NASA’s plan to bring the pair back in a couple months on a SpaceX vehicle.Both blamed the previous presidential administration for the decision NASA made in August to return Boeing’s faulty Starliner capsule from the International Space Station…
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(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty ImagesMeta CEO Mark Zuckerberg praised the Trump administration for backing Silicon Valley on a call with investors, adding that 2025 will be big for “redefining” the company’s relationships with governments.”We now have a U.S. administration that is proud of our leading companies, prioritizes American technology winning and that will defend our values and interests abroad,”…
Three military-ruled countries have officially withdrawn from the West African regional alliance known as ECOWAS, the bloc said on Wednesday, defying pressure from the group to return the countries to civilian democratic rule.The alliance, the Economic Community of West African States, offers its members visa-free travel, favorable trade tariffs and access to a $702 billion market for the region’s 400 million people. The three nations — Burkina Faso, Mali and Niger — announced their intention to leave last year.Negotiations between their leaders and the bloc then failed to reach an agreement that would keep them in. Instead, the three juntas…
Software companies may emerge as beneficiaries of Monday’s global tech shake-up following the DeepSeek revelation, Wall Street analysts say. Several software stocks were able to avoid the big declines seen elsewhere in tech on Monday as Chinese startup DeepSeek raised alarm over U.S. spending and leadership within artificial intelligence. In the wake of these realizations, investors have scrambled to piece together how each segment of stocks will fare. But it seems like there is no need to fret about at least some software names. Analysts at BMO Capital Markets and Canaccord Genuity said in separate notes to clients that the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailElizabeth Burton, Goldman Sachs Asset Management, and David Zervos, Jefferies, join ‘Fast Money’ to talk today’s Fed decision and the political response. Source link
Check out the companies making headlines in after-hours trading: International Business Machines — The tech company’s shares surged 9%, driven by strong fourth-quarter results. IBM reported adjusted earnings of $3.92 per share on revenue of $17.55 billion. Analysts polled by LSEG sought earnings of $3.75 per share and $17.54 billion in revenue. CEO Arvind Krishna said the company’s generative artificial intelligence book of business is up nearly $2 billion quarter over quarter. Meta Platforms — Shares rose about 5% after the company beat on the top and bottom lines. For the fourth quarter, Meta Platforms earned $8.02 per share on…
Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022.Michael Nagle | Bloomberg | Getty ImagesMeta continues to lose billions of dollars developing the virtual reality and augmented reality technologies needed to underpin the nascent metaverse.The social media giant reported fourth-quarter earnings Wednesday and said its Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales. Analysts were projecting that unit to log a fourth-quarter operating loss of $5.4 billion on $1.1 billion in sales.Reality Labs is Meta’s unit that…
CHEVIOT HILLS, Calif. — The Palisades Charter High School J.V. baseball team huddled on the all-dirt infield of their temporary home, a makeshift venue for a displaced team. The playing surface and outfield grass were patchy and uneven. With no mound, its primary use was for softball.But it was what they had to work with. And the tragic circumstances — a fire that ravaged their school and city — that led them to this spot mattered little in that moment. What was important? The varsity captain, Ryan Hirschberg, was displeased with the junior varsity group’s effort and focus during their…
Tesla on Wednesday reported a sharp drop in profit for 2024 as rivals in China, Europe and the United States chipped away at its lead in the market for electric cars.The company, which is led by Elon Musk, said it made a profit of $2.3 billion during the last three months of 2024. That was a decline compared with $7.9 billion a year earlier, but 2023’s profit included a one-time tax benefit of $5.9 billion. Tesla’s operating profit, which excludes that special gain, fell 23 percent in the final three months of the year.Sales rose 2 percent to $25.7 billion…
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6, 2019.Adam Jeffery | CNBCDoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects only one rate cut for 2025 — two reductions at most — as the Federal Reserve patiently awaits incoming data to assess the state of the labor market and inflation.”Maximum two cuts this year. And I mean maximum, I’m not predicting two cuts. I just think that’s the most you can possibly think about,” Gundlach said on CNBC’s “Closing Bell.” “At the present moment, if you had made me pick a number, I would say now…
