White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC. Samuel Corum | Getty ImagesDOGE chief Elon Musk said Monday that he is running his businesses “with great difficulty,” as shares of his automotive firm Tesla suffered their worst drop in a half-decade, and as his social media company X experienced several outages.Musk also said during an interview on Fox Business that he expected to remain in the Trump administration for another year.Tesla’s stock has fallen every…
Author: usaeverydaylife
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City.Spencer Platt | Getty ImagesIt was a bad day for tech stocks, and a brutal one for fintech.As the Nasdaq suffered its steepest decline since 2022, some of the biggest losers were companies that sit at the intersection of Wall Street and Silicon Valley.Stock trading app Robinhood tumbled 20%, bitcoin holder Strategy fell 17% and crypto exchange Coinbase lost 18%. Much…
Former slugger Mo Vaughn told The Athletic that he used human growth hormone in an effort to extend his career, confirming for the first time information disclosed in 2007 in the Mitchell Report.“I was trying to do everything I could,” Vaughn told The Athletic about his desire to stay on the field. “I knew I had a bad, degenerative knee. I was shooting HGH in my knee. Whatever I could do to help the process …”Vaughn’s revelation came during a recent interview, in which he relayed how his relationship with his son Lee, 12, rekindled his love for the game…
Ruth Porat, President & Chief Investment Officer of Alphabet & Google, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024.Mike Segar | ReutersHOUSTON — Alphabet is aiming to slash the cost of building new nuclear reactors by deploying a series of small reactors through its deal with developer Kairos Power, the tech company’s President and Chief Investment Officer Ruth Porat said on Monday.”Nuclear has to be a part of the mix given the qualities of it,” Porat said at the CERAWeek by S&P Global energy conference. The tech sector has made major investments in nuclear…
Bank stocks can feel further pain if recent warning signs in the economy evolve into a recession, according to Bank of America. While a recession is not in the firm’s base forecast, analyst Ebrahim Poonawala said conditions could look similar to 2000 and 2001 if one does come. He noted that re-rating stock multiples to levels seen during the Covid-19 pandemic would suggest that the average bank stock covered by Bank of America would see a 48% drop in a recessionary scenario. Poonawala pointed to Treasury Secretary Scott Bessent’s comments that the economy was in a “detox period” and could…
A CoreWeave logo is displayed on a smartphone with stock market percentages in the background.Omar Marques | SOPA Images | Lightrocket | Getty ImagesCoreWeave, the provider of data center technology and services for artificial intelligence companies, has signed a five-year deal with OpenAI valued at $11.9 billion, according to two people with knowledge of the matter.As part of the deal, OpenAI will receive a stake in CoreWeave worth about $350 million tied to the company’s upcoming initial public offering, according to the people, who asked not to be named because the information is confidential.Reuters was first to report on the…
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.Kent Nishimura | Getty ImagesDelta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.Delta expects revenue in the quarter ending March 31 to rise no more than 5% from last year, down from a forecast in January of 6% to 8% growth. It slashed its adjusted earnings forecast to 30 cents to 50 cents per share from a previous guidance of 70 cents to $1 a share.”The outlook has been impacted by the recent reduction in…
Asana CEO and Facebook co-founder Dustin MoskovitzPATRICIA DE MELO MOREIRA | AFP | Getty ImagesDustin Moskovitz, the CEO of Asana and one of the original co-founders of Facebook, will retire from the enterprise software company.Asana announced Moskovitz’s retirement on Monday as part of the company’s fourth-quarter earnings report, and its board has retained an executive search firm to help choose a new CEO. Moskovitz notified its board “of his intention to transition to the role of Chair when a new CEO begins,” the company said Monday.”As I reflect on my journey since co-founding Asana nearly 17 years ago, I’m filled…
A few weeks remain in announcing the NBA’s most valuable player, but what Nikola Jokić recently has brought into focus is the hard choice voters will have to make.Jokić’s historic triple-double, 31 points, 22 assists and 21 rebounds, in the Denver Nuggets’ overtime win over the Phoenix Suns on Friday had never been done before and stands representative of the kind of season the reigning and three-time MVP is putting together.Meanwhile, Shai Gilgeous-Alexander is the best player on arguably the best team and deserves to be considered for the NBA’s top individual honor. (The Cleveland Cavaliers may finish with the…
Pope Francis has improved enough to no longer be considered in imminent danger from pneumonia and other infections, the Vatican said on Monday, but added that he would require more days of treatment in the Rome hospital where he has been for nearly a month.For weeks, doctors had said that Francis, who is 88 and entered the hospital after having difficulty breathing, had a “guarded” prognosis because the respiratory infection in both of his lungs was too serious for him to be considered out of danger. But his “good response to pharmacological therapy” and stable blood tests, the Vatican said…
