Posts with tag: technology
Disney (DIS) Removes DEI Programs as Companies Distance From Diversity Initiatives
Published on: February 10, 2025, 09:02 PM UTC
The Magnificent Seven tech stocks have underwhelmed in 2025, with only Meta posting double-digit gains. Tesla is the worst performer, down 6% due to weak sales and tariff concerns. Big Tech's massive capital expenditure plans for AI infrastructure have raised concerns about profit margins, leading to weakness in the Mag Seven and potentially the broader market.
Published on: February 10, 2025, 09:02 PM UTC
Billionaire Elon Musk offers $97.4 billion to buy the nonprofit that controls OpenAI, the AI startup.
Published on: February 10, 2025, 09:00 PM UTC
Rivian expands commercial van orders beyond Amazon, opening up a lucrative new business line for the EV maker. The vans, available in two sizes and starting at $79,900, cater to the growing demand for electric delivery vehicles. Rivian's move positions it well in the expanding commercial van market, estimated to reach $210.3 billion by 2034.
Published on: February 10, 2025, 08:02 PM UTC
US Stocks Rebound After Tariff Threats; Steel Companies Soar
Published on: February 10, 2025, 08:01 PM UTC
Recent surveys show that U.S. consumers expect near-term inflation to remain stable, at around 3%. However, they predict increases in certain categories, such as food, gas, and housing. Despite these concerns, long-term inflation expectations also remain steady.
Published on: February 10, 2025, 08:00 PM UTC
Trump's trade announcements loom, with steel, aluminum, reciprocal tariffs on the table. Importers, CEOs, and foreign leaders face ongoing uncertainty as details remain unclear.
Published on: February 10, 2025, 07:03 PM UTC
A full-on trade war with Europe, China, Canada, and Mexico could have a stagflationary impact on the US economy, says Apollo Global Management's chief economist, Torsten Sløk.
Published on: February 10, 2025, 07:03 PM UTC
McDonald's Misses Q4 Expectations: Revenue Declines, E. Coli Outbreak Impacts US Sales. Global same-store sales rise 0.4%, but US sales fall 1.4%. Company focuses on value menu and innovation for 2025.
Published on: February 10, 2025, 07:03 PM UTC
Elon Musk calls for greater scrutiny of the Federal Reserve, suggesting 89-year-old former Congressman Ron Paul as a potential auditor.
Published on: February 10, 2025, 07:02 PM UTC