A view of 23andMe headquarters in Sunnyvale, California, United States on March 25, 2025. Tayfun Coskun | Anadolu | Getty Images23andMe co-founder Linda Avey took to social media on Wednesday to express frustration about the fate of the once-thriving genetics testing company that spiraled into Chapter 11 bankruptcy protection this week.Avey helped launch 23andMe in 2006 alongside Paul Cusenza and Anne Wojcicki, who resigned as CEO on Friday. The company went mainstream thanks to its popular at-home DNA testing kits, but struggled in recent years to generate recurring revenue, stand up viable therapeutics and research businesses and assuage privacy concerns.”My time…
Author: usaeverydaylife
European leaders have gotten the message from Washington about doing more for their own defense and for Ukraine, too. They are talking tough when it comes to supporting Ukraine and about protecting their own borders, and they are standing up to a demanding and even hostile Trump administration.But there is an inevitable gap between talk and action, and unity is fracturing already, especially when it comes to spending and borrowing money in a period of low growth and high debt.The Dutch and others are not fans of raising collective debt for defense. Keeping Hungary on board is ever more difficult.And…
GeneDx may have more room to run even with its monstrous gains over the past year, according to Amy Zhang, Alger’s executive vice president and small-cap portfolio manager. She joined CNBC’s ” Power Lunch ” on Wednesday to give her insights on the health-care name and two more under-the-radar stock stories on Wall Street. Here is what Zhang said during the day’s “Three-Stock Lunch.” GeneDx Shares of GeneDx have soared 1,000% over the past 12 months, and Zhang thinks the genetic testing company is a standout name in the space that can grow even more. “They can do it fast…
Investor Mario Gabelli says it’s time to step up to the plate when it comes to buying shares of the Atlanta Braves . “Today, I want you to buy one share of the Atlanta Braves instead of an Easter present for someone,” the chairman and CEO of Gamco Investors said on CNBC’s ” Power Lunch ” Wednesday. Publicly-traded shares of the baseball team ticked higher Wednesday afternoon after Gabelli’s comments. BATRA 1D mountain BATRA 1D chart Crane In the same interview, Gabelli also pointed to aerospace equipment maker Crane Co. as an attractive company. The stock is up 3% this…
MIAMI — A throng of college students waited at the exit of the gym on the campus of Barry University, lining a path the Golden State Warriors took to their team bus. Stephen Curry had already exited following practice. So had Draymond Green. And coach Steve Kerr. Still, hundreds waited. The imposing warmth of South Florida proved no match for the affinity keeping them patient.They wanted Jimmy Butler.Word spread among the fans he’d exit through a different door, as he wasn’t riding the team bus. And when he indeed emerged through a different door, the animated horde shouted “Jimmy!” and…
Ukraine thought it had a deal in place to suspend the fighting in the Black Sea immediately. Russia said economic sanctions would need to be lifted first. And the United States didn’t address the question of timing at all, merely repeating President Trump’s broad demand that the killing stop.The conflicting statements released this week after midlevel cease-fire negotiations in Saudi Arabia were the latest sign of a chaotic process in which, analysts and experts said, the Kremlin appears to be playing for time and getting the upper hand.The Trump administration has set out to secure a series of limited cease-fire…
With Tax Day approaching and investment returns harder to come by of late, how much you save on taxes can boost your portfolio’s performance and income. A strategic approach toward managing a portfolio’s taxes – namely tax-loss harvesting and tax deferral – can help lift after-tax returns by about 2% per year, according to Neuberger Berman . The boost is known as tax alpha. Tax-loss harvesting refers to strategically pruning losing positions to realize losses and offset capital gains elsewhere in your portfolio. You don’t have to be a million-dollar investor to realize the benefits of these strategies – or…
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTesla shares fell about 6% on Wednesday as data from Europe showed slowing sales last month, and investors grew increasingly concerned about President Donald Trump’s plan for tariffs.The European Automobile Manufacturers’ Association (ACEA) revealed on Tuesday that Tesla saw a 40% year-over-year drop in new vehicle registrations in Europe in February, while overall battery electric vehicle sales were up 26%.Meanwhile, the White House said on Wednesday…
OpenAI CEO Sam Altman speaks at a panel discussion on potentials, perspectives and challenges in the age of Artificial Intelligence (AI) at the Technical University (TU) in Berlin on February 7, 2025. John Macdougall | Afp | Getty ImagesOpenAI expects revenue will triple to $12.7 billion in 2025, CNBC has confirmed.Bloomberg was first to report on the revenue figure, which was confirmed to CNBC by a source familiar with the matter who asked not to be named because the number is private.Microsoft, OpenAI’s principal investor and key strategic partner, recorded $13 billion in annual recurring revenue in the fourth quarter, up…
The Jameis Winston contract was the tell.Once the terms of the quarterback’s deal — two years, $8 million — were publicized Friday night, it became clear how the New York Giants saw him: as a backup.They were (rightly) never going to feel completely comfortable with the 31-year-old Winston serving as their starter for the full duration of an NFL season. Winston hasn’t done that job since 2019. Even this past season, playing in more games (12) than he has since 2019, Winston was as maddeningly inconsistent as ever. He went 2-5 as the Cleveland Browns’ starter, throwing 13 touchdowns against…
