Month: February 2025
U.S. judge declines to block Elon Musk’s DOGE from Labor Department systems
Tesla and SpaceX CEO Elon Musk arrives to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on Jan. 20, 2025 in Washington, DC. Chip Somodevilla | Via Reuters A federal judge on Friday declined to block Elon Musk’s government cost-cutting department from accessing the U.S. Department of Labor’s systems, […]
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Staffer with Elon Musk’s DOGE amplified white supremacists online
One of the people working with billionaire Elon Musk in his efforts to overhaul the U.S. government is a Berkeley-educated computer scientist who has boosted white supremacists and misogynists online. Gavin Kliger lists his job on LinkedIn as “Special Advisor to the Director” at the Office of Personnel Management, which has been spearheading Musk’s efforts […]
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Trump ends Biden’s security clearances, intelligence briefings
US President Joe Biden, left, and President-elect Donald Trump during a welcome ceremony at the North Portico of the White House ahead of the 60th presidential inauguration in Washington, DC, US, on Monday, Jan. 20, 2025. Jim Lo Scalzo | Bloomberg | Getty Images U.S. President Donald Trump on Friday said he was revoking former […]
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U.S. states sue to block Musk’s DOGE from accessing payment systems
Elon Musk checks his phone on the day of the Presidential Inauguration of U.S. President Donald Trump at the Rotunda of the U.S. Capitol in Washington, U.S., Jan. 20, 2025. Kevin Lamarque | Reuters A coalition of mostly Democratic-led U.S. states filed a lawsuit on Friday to stop a Trump administration panel led by billionaire […]
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Anduril in talks to raise money at $28 billion valuation as defense-tech booms
Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation, according to people familiar with the matter. The company is planning to raise up to $2.5 billion in the round, said the people who asked not to be named because the details are confidential. […]
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Judge pauses Trump plan to put USAID staff on leave
A worker removes the U.S. Agency for International Development sign on their headquarters on Feb. 7, 2025 in Washington, DC. Kayla Bartkowski | Getty Images A federal judge on Friday said he would temporarily pause the Trump administration’s plan to place thousands of workers at the U.S. Agency for International Development on administrative leave. About 2,200 USAID employees […]
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Hims & Hers faces scrutiny from senators on Super Bowl ad that ‘risks misleading’ patients
Hims & Hers is facing scrutiny from lawmakers over an advertisement for its weight loss offerings that’s slated to run during the Super Bowl on Sunday. Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., wrote a letter to the U.S. Food and Drug Administration on Friday expressing concerns over an “upcoming advertisement” that “risks misleading […]
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Beauty stocks post major losses after a week of worrying results
An Estee Lauder counter is seen on the floor of a department store in Brooklyn on Feb. 5, 2025 in New York City. Spencer Platt | Getty Images Several beauty stocks posted major losses this week, as companies like E.l.f. Beauty and Estee Lauder reported disappointing earnings and cut guidance. E.l.f. closed out its worst […]
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Trump says Nippon will invest heavily in U.S. Steel rather than purchase the company
US President Donald Trump (R) and Japanese Prime Minister Shigeru Ishiba hold a joint press conference in the East Room of the White House in Washington, DC, on February 7, 2025. Jim Watson | Afp | Getty Images President Donald Trump on Friday said Japan’s Nippon Steel will invest heavily in U.S. Steel rather than […]
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Stocks making the biggest moves midday: Amazon, Expedia, Pinterest, Skechers and more
Check out the companies making headlines in midday trading: Expedia — Shares of the online travel company soared 17.6% after Expedia’s fourth-quarter results outpaced Wall Street expectations. Expedia posted adjusted earnings of $2.39 per share on revenue of $3.18 billion, exceeding analysts’ expectations for $2.04 per share in profit on $3.07 billion in revenue, according […]
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