Month: February 2025
DOGE cuts nearly half of unit overseeing autonomous vehicles safety, report says
Elon Musk speaks next to U.S. President Donald Trump (not pictured) in the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. Kevin Lamarque | Reuters Elon Musk-led Department of Government Efficiency has cut three out of roughly seven people in a U.S. auto safety agency unit overseeing the safety of autonomous vehicles, the Washington Post reported on Thursday. The workers fired by the […]
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U.S. says it will drop immigration case against SpaceX
An employee walks across the bridge from parking to SpaceX in Hawthorne on July 17, 2024. Genaro Molina | Los Angeles Times | Getty Images The U.S. Department of Justice on Thursday said it would drop a case accusing Elon Musk’s space technology company SpaceX of refusing to hire certain immigrants. The Justice Department last month signaled it could […]
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Japan’s inflation rate climbs to a 2-year high of 4% in January, supporting rate hike calls from BOJ members
A customer visits a store at Togoshi Ginza shopping street in Tokyo on January 23, 2025. Philip Fong | Afp | Getty Images Japan’s inflation in January climbed 4% year-on-year, hitting its highest level since January 2023, further strengthening the case for rate hikes by the central bank. The core inflation rate — which excludes […]
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Meta approves plan for bigger executives bonuses following 5% layoffs
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | Reuters Executives at Meta stand to get bigger bonuses this year. The company said in a corporate filing Thursday that it had approved “an increase […]
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Stock futures are little changed after Thursday’s sell-off on Wall Street: Live updates
Traders work on the New York Stock Exchange floor on Feb. 20, 2025. Spencer Platt | Getty Images U.S. stock futures were little changed on Thursday night after the major averages slid following a lackluster earnings forecast from retail giant Walmart. Dow Jones Industrial Average futures were trading near the flatline, as were S&P 500 […]
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Astronauts vs. Musk: Public spat ensues over claims that politics delayed a flight to Earth
Elon Musk looks on, during the visit of Indian Prime Minister Narendra Modi (not pictured) at the White House in Washington, D.C., U.S., Feb. 13, 2025. Kevin Lamarque | Reuters Elon Musk and European astronaut Andreas Mogensen exchanged barbs online after Musk suggested in a recent interview that two NASA astronauts were left on the […]
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Stocks making the biggest moves after hours: Celsius, Dropbox, Block and more
Check out the companies making headlines after the bell : Booking Holdings — The online travel company jumped 3% after fourth-quarter results surpassed analysts’ expectations. Adjusted earnings came in at $41.55 per share and revenue clocked in at $5.47 billion. Analysts were looking for $36.03 per share in earnings and $5.18 billion in revenue, per […]
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Walmart, Palantir and inflation concerns: What investors think was behind Thursday’s sell-off
Thursday saw a broad sell-off across the three major stock market averages, just one day after the S & P 500 reached a new closing high, and strategists and investors analyzed what could have caused the move. Walmart led the Dow Jones Industrial Average lower, falling more than 6% after the nation’s largest retailer gave […]
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Block shares fall on profit, revenue miss
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Block reported fourth-quarter results on Thursday that fell short of […]
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Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025
Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and achieved its first gross quarterly profit – a target closely watched by investors – but is forecasting lower sales in 2025. The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses, of $170 million during the […]
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