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Tesla fourth-quarter results miss estimates as automotive revenue drops 8%
Tesla fourth-quarter results miss estimates as automotive revenue drops 8%

Tesla reported weaker-than-expected earnings and revenue for the quarter that ended in December.

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Jan 29, 2025
'I lost purpose': At 27, he sold his company for $100 million — now, he says it's changed his view on money
'I lost purpose': At 27, he sold his company for $100 million — now, he says it's changed his view on money

"It was great at first, because I was just enjoying being in the moment. But at some point ... it just felt like Groundhog Day," says 33-year-old Jake Kassan.

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Jan 29, 2025
Mark Zuckerberg starts Meta earnings call by praising Trump administration
Mark Zuckerberg starts Meta earnings call by praising Trump administration

Meta CEO Mark Zuckerberg praised the Trump administration during a call with investors on Wednesday.

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Jan 29, 2025
Trump and Musk called for former Starliner astronauts to return 'as soon as possible.' Here's what NASA planned.
Trump and Musk called for former Starliner astronauts to return 'as soon as possible.' Here's what NASA planned.

NASA previously planned to return Wilmore and Williams as part of a crew returning in late March, using SpaceX's Dragon spacecraft that has been at the ISS for months.

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Jan 29, 2025
IBM shares rise 9% on earnings beat
IBM shares rise 9% on earnings beat

In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.

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Jan 29, 2025
Trump accuses Fed, Powell of creating inflation on heels of rate decision
Trump accuses Fed, Powell of creating inflation on heels of rate decision

Trump, who appointed Jerome Powell as Fed chair, has called for lower interest rates and said the president should get a say on the Fed's rate decisions.

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Jan 29, 2025
Meta’s Reality Labs posts $5 billion loss in fourth quarter
Meta’s Reality Labs posts $5 billion loss in fourth quarter

Meta's Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter.

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Jan 29, 2025
DoubleLine’s Gundlach says his base case is one rate cut this year, two reductions maximum
DoubleLine’s Gundlach says his base case is one rate cut this year, two reductions maximum

"It's going to be a slow process to get to a hurdle to cut rates again. … I don't think you're going to see a cut at the next Fed meeting," Gundlach said.

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Jan 29, 2025
Levi beats earnings estimates but expects pressure this year from strong U.S. dollar
Levi beats earnings estimates but expects pressure this year from strong U.S. dollar

Levi expects its sales to slow in the current fiscal year because of the strong U.S. dollar and one fewer selling week.

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Jan 29, 2025
Trump says he will send migrants to Guantanamo Bay
Trump says he will send migrants to Guantanamo Bay

Trump, since taking office last week, has taken numerous actions to crack down on illegal U.S. border crossings and deport undocumented migrants.

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Jan 29, 2025
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