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White House bars AP from Oval Office White House bars AP from Oval Office U.S. President Donald Trump speaks to reporters after signing a proclamation renaming the Gulf of Mexico to the Gulf of America, while flying over the gulf aboard Air Force One en route to New Orleans to attend the Super Bowl, February 9, 2025. Kevin Lamarque | Reuters The White House blocked an Associated Press reporter from an event in the Oval Office on Tuesday after demanding the news agency alter its style on the Gulf of Mexico, which President Donald Trump has ordered renamed the Gulf of America. The reporter tried to enter the White House event as usual Tuesday afternoon and was turned away, AP executives said. The highly unusual ban, which Trump administration officials had threatened earlier Tuesday unless the AP changed the style on the Gulf, could have constitutional free-speech implications. Julie Pace, senior vice president and executive editor of The Associated Press, called the administration’s move unacceptable. “It is alarming that the Trump administration would punish AP for its independent journalism,” Pace said in a statement. “Limiting our access to the Oval Office based on the content of AP’s speech not only severely impedes the public’s access to independent news, it plainly violates the First Amendment.” The Trump administration made no immediate announcements about the move, and there was no indication any other journalists were affected. Trump has long had an adversarial relationship with the media. On Friday, the administration ejected a second group of news organizations from Pentagon office space. AP style is not only used by the agency. The AP Stylebook is relied on by thousands of journalists and other writers globally. Demands by a president that a news organization comply with an order to change its content would seem to run counter to the First Amendment of the U.S. Constitution, which bars the government from impeding the freedom of the press. Before his Jan. 20 inauguration, Trump announced plans to change the Gulf of Mexico’s name to the “Gulf of America” — and signed an executive order to do so as soon as he was in office. Mexico’s president responded sarcastically and others noted that the name change would probably not affect global usage. In this photo illustration, an updated Google map shows the Gulf of America on Feb. 10, 2025 in San Anselmo, California. Justin Sullivan | Getty Images This week, Google Maps began using “Gulf of America,” saying it had a “longstanding practice” of following the U.S. government’s lead on such matters. The other leading online map provider, Apple Maps, was still using “Gulf of Mexico.” The AP said last month, three days after Trump’s inauguration, that it would continue to refer to the Gulf of Mexico while noting Trump’s decision to rename it as well. As a global news agency that disseminates news around the world, the AP says it must ensure that place names and geography are easily recognizable to all audiences. Trump also decreed that the mountain in Alaska known as Mount McKinley and then by its Indigenous name, Denali, be shifted back to commemorating the 25th president. President Barack Obama had ordered it renamed Denali in 2015. AP said last month it will use the official name change to Mount McKinley because the area lies solely in the United States and Trump has the authority to change federal geographical names within the country. Source link #White #House #bars #Oval #Office Pelican News View the full article at [Hidden Content]

Federal Reserve Chair Testifies on Monetary Policy Report – C-SPAN Federal Reserve Chair Testifies on Monetary Policy Report – C-SPAN Federal Reserve Chair Testifies on Monetary Policy Report C-SPAN Watch Fed Chair Powell testify live before the Senate Banking Committee CNBCStock Market Takes Powell Testimony In Stride; Growth Stocks Pressured But Little Damage Done Investor’s Business Daily Source link #Federal #Reserve #Chair #Testifies #Monetary #Policy #Report #CSPAN Pelican News View the full article at [Hidden Content]

Children die in cold car after months without a home Children die in cold car after months without a home Two children who froze to death in a van outside a Detroit casino had been living in the vehicle with their family for a few months, moving around when possible, authorities say. Their mother had contacted City Hall on November 25, seeking help with housing, but “no resolution” was reached, Mayor Mike Duggan said, a day after the tragedy. “For whatever reason, this wasn’t deemed an emergency that caused an outreach worker to visit the family. … As far as we’ve been able to determine so far, the family never called back again for service,” Duggan said. “And as far as we’ve been able to tell, our homeless staff never proactively reached out to say, ‘What happened with your situation? Was it resolved?’ ” the mayor added. Duggan and interim police Chief Todd Bettison spoke to reporters at a sombre news conference, 24 hours after a 9-year-old boy and a 2-year-old girl died of cold exposure in a van at a casino parking garage. There were three other children and two adults, including their mother, staying inside the vehicle amid below-freezing temperatures. “It’s a terrible day in Detroit,” Duggan said of the tragedy, adding that family shelter beds were available “just a few miles away.” He gave his staff two weeks to review the history of the family’s contacts with the city. Bettison said the family had been living out of the vehicle for two to three months and sometimes chose to park at casinos for safety and access to restrooms. The van stopped running overnight and couldn’t produce heat, Bettison said. The mayor said Detroit has 1,400 beds available for people seeking shelter and a help line to call. “The shortest way for somebody in an emergency is go to a police precinct. They will navigate the process and get you to a shelter,” Duggan said. Source link #Children #die #cold #car #months #home Pelican News View the full article at [Hidden Content]

Heavy rain coming to desert this week. How will it stack up against past major storms? Heavy rain coming to desert this week. How will it stack up against past major storms? Heavy rain is forecasted for parts of the Coachella Valley starting Thursday night. While the timing of the storm may cause some to remember the 2019 Valentine’s Day rainfall that caused widespread flooding, the amounts predicted this year fall far below those recorded six years ago. The first noticeable raindrops should begin to fall in the Coachella Valley on Thursday, with light precipitation visible west of the mountains a bit earlier. The National Weather Service forecasts between 0.3 and 0.8 inches for the Coachella Valley, with cities in the west like Palm Springs expected to receive more rain than those south and east. Most of the rain is predicted for Thursday night into Friday morning, with the storm completely passing by Friday night. Water flows over Highway 111 at Chino Creek in Palm Springs on Feb. 15, 2019. A storm predicted this week is expected to bring far less rain, but still a significant amount. “So far this season, the events that we have had have been on the mild side in terms of rainfall amounts,” said weather service meteorologist Philip Gonsalves. “This is more like what we would expect in early February.” He said some flooding could occur in low-lying roadways by Whitewater Canyon, but the rain might not be heavy enough to result in any flooding. In 2019, Palm Springs recorded 3.69 inches during the Valentine’s Day rain event. Flooding from the storm caused Highway 243 and Highway 74 to be closed for months and $1.9 million in damage in Palm Springs alone. At the time, meteorologists classified the rain as a 25-year storm, which means it has a 4% chance of occurring each year. The upcoming storm may even fall short of the atmospheric river label by the time it reaches the Coachella Valley. An atmospheric river is defined by the National Oceanic and Atmospheric Administration as a relatively long and narrow region in the atmosphere that carries an amount of water roughly equivalent to the average flow at the mouth of the Mississippi River, or around 593,003 cubic feet per second. “It doesn’t really have the characteristics of an atmospheric river,” Gonsalves said. “It’s going to bring a significant amount of moisture, but it won’t be as long lasting and the effect of the moisture is not going to be as great over as great a distance.” Recently, the remnants of Hurricane Hilary dumped around 3.2 inches of rain on Palm Springs, setting a summer record, in 2023. The wettest day on record for the city occurred on Dec. 10, 1943, when nearly 4.6 inches of rain was recorded at the airport. Sam Morgen covers the city of Palm Springs for The Desert Sun. Reach him at *****@*****.tld. This article originally appeared on Palm Springs Desert Sun: Palm Springs area weather forecast: Heavy rain ahead of Valentine’s Day Source link #Heavy #rain #coming #desert #week #stack #major #storms Pelican News View the full article at [Hidden Content]

Hideo Kojima to attend SXSW 2025 Hideo Kojima to attend SXSW 2025 February 11th, 2025 – KOJIMA PRODUCTIONS, in collaboration with PlayStation, will host the DEATH STRANDING 2: ON THE BEACH Special Panel at the SXSW® 2025 festival in Austin, Texas on March 9th. At the Special Panel, Hideo Kojima will discuss and share new details about DEATH STRANDING 2: ON THE BEACH, the upcoming sequel to the critically acclaimed DEATH STRANDING video game, arriving exclusively on PlayStation®5 later this year. Source link #Hideo #Kojima #attend #SXSW Pelican News View the full article at [Hidden Content]

Super Micro ‘confident’ it will meet SEC deadline Super Micro ‘confident’ it will meet SEC deadline Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer gave optimistic commentary for its fiscal 2026 and delayed annual report that overshadowed its slashed fiscal 2025 revenue guidance in Tuesday’s preliminary second-quarter results. CEO Charles Liang said he is “confident” that the company will file its delayed annual report by the U.S. Securities and Exchange Commission’s Feb. 25 deadline. The company also said it expects to hit $40 billion in revenue in fiscal 2026. Analysts polled by LSEG expected $30 billion in revenue for the *******. Shares of Super Micro were up as much as 10% in extended trading. For the near term, however, the company slashed its guidance for fiscal 2025 revenue. The company said it expects revenues to range between $23.5 billion to $25 billion for fiscal 2025. That was down from a previous forecast of $26 billion and $30 billion. Analysts polled by LSEG expected revenues of $24.9 billion for the year. The company also said it expects to report net sales between $5.6 billion and $5.7 billion for the quarter that ended Dec. 31. Wall Street expected $5.89 billion, according to analysts polled by LSEG. The company also offered weaker-than-expected guidance for the current *******. Super Micro also said that it “continues to work diligently” to meet the deadline to file its delayed fiscal 2024 annual and fiscal 2025 first and second quarter reports as it faces the possibility of a Nasdaq delisting. Shares of the company, known for its servers powered with Nvidia graphics processing chips, have been on a rollercoaster ride since Hindenburg Research revealed a short position in the stock and the company delayed releasing its annual report in August. The company’s auditor quit in October, citing governance issues, and Super Micro’s drop in share price spurred the possibility of a delisting from the Nasdaq exchange. The rollercoaster continued into Tuesday’s release. The stock is up about 27% in 2025 but down from its March 2024 high. Super Micro’s prime position in the artificial intelligence world catapulted the stock to new heights as ChatGPT’s 2022 debut set off a craze for AI infrastructure. Recent earnings reports and commentary suggest that megacaps Meta, Amazon, Alphabet and Microsoft plan to invest as much as $320 billion into AI projects this year. WATCH: Super Micro Computer cuts full year revenue guidance Source link #Super #Micro #confident #meet #SEC #deadline Pelican News View the full article at [Hidden Content]

This Iconic MMO is Getting a New Class For The First Time Since 1997 This Iconic MMO is Getting a New Class For The First Time Since 1997 Welcome back Link Cable Gaming fans, this month we celebrate the 25th year anniversary of one of the oldest MMORPG from the dawn of the internet, Tibia. Developed and published by CipSoft, Tibia is one of the longest-running MMORPGs to date that is still being regularly updated. While it was never as popular as other well-known MMORPGs of its time like Runescape or the juggernaut that became Blizzard’s World of Warcraft, Tibia is considered a modern classic. So join us as we take a look back to one of the progenitors of the MMORPG genre, that you should still check out today Source link #Iconic #MMO #Class #Time Pelican News View the full article at [Hidden Content]

Eagles’ Milton Williams: Chiefs motivated us by planning to celebrate “Three-peat” – NBC Sports Eagles’ Milton Williams: Chiefs motivated us by planning to celebrate “Three-peat” – NBC Sports Eagles’ Milton Williams: Chiefs motivated us by planning to celebrate “Three-peat” NBC SportsThe Unorthodox Bet That Made the Eagles Super Bowl Champions The Wall Street JournalSuper Bowl champion Philadelphia Eagles return home to crowd of excited fans 6ABC PhiladelphiaAnatomy of a Super Bowl blowout: How the Eagles dominated and the Chiefs got it so wrong ESPNWill Patrick Mahomes ever hoist another Lombardi after this tough Super Bowl loss? | First Things First FOX Sports Source link #Eagles #Milton #Williams #Chiefs #motivated #planning #celebrate #Threepeat #NBC #Sports Pelican News View the full article at [Hidden Content]

Super Micro ‘confident’ it will meet SEC deadline Super Micro ‘confident’ it will meet SEC deadline Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer gave optimistic commentary for its fiscal 2026 and delayed annual report that overshadowed its slashed fiscal 2025 revenue guidance in Tuesday’s preliminary second-quarter results. CEO Charles Liang said he is “confident” that the company will file its delayed annual report by the U.S. Securities and Exchange Commission’s Feb. 25 deadline. The company also said it expects to hit $40 billion in revenue in fiscal 2026. Analysts polled by LSEG expected $30 billion in revenue for the *******. Shares of Super Micro were up as much as 10% in extended trading. For the near term, however, the company slashed its guidance for fiscal 2025 revenue. The company said it expects revenues to range between $23.5 billion to $25 billion for fiscal 2025. That was down from a previous forecast of $26 billion and $30 billion. Analysts polled by LSEG expected revenues of $24.9 billion for the year. The company also said it expects to report net sales between $5.6 billion and $5.7 billion for the quarter that ended Dec. 31. Wall Street expected $5.89 billion, according to analysts polled by LSEG. The company also offered weaker-than-expected guidance for the current *******. Super Micro also said that it “continues to work diligently” to meet the deadline to file its delayed fiscal 2024 annual and fiscal 2025 first and second quarter reports as it faces the possibility of a Nasdaq delisting. Shares of the company, known for its servers powered with Nvidia graphics processing chips, have been on a rollercoaster ride since Hindenburg Research revealed a short position in the stock and the company delayed releasing its annual report in August. The company’s auditor quit in October, citing governance issues, and Super Micro’s drop in share price spurred the possibility of a delisting from the Nasdaq exchange. The rollercoaster continued into Tuesday’s release. The stock is up about 27% in 2025 but down from its March 2024 high. Super Micro’s prime position in the artificial intelligence world catapulted the stock to new heights as ChatGPT’s 2022 debut set off a craze for AI infrastructure. Recent earnings reports and commentary suggest that megacaps Meta, Amazon, Alphabet and Microsoft plan to invest as much as $320 billion into AI projects this year. WATCH: Super Micro Computer cuts full year revenue guidance Source link #Super #Micro #confident #meet #SEC #deadline Pelican News View the full article at [Hidden Content]

Profit squeeze for AGL Energy as consumers shop around Profit squeeze for AGL Energy as consumers shop around Australia’s biggest emitter AGL Energy has taken a hit on interim profits after higher coal and gas fuel costs for its generators, and as consumers shop around. Source link #Profit #squeeze #AGL #Energy #consumers #shop Pelican News View the full article at [Hidden Content]

Robobeat Review | TheSixthAxis | N4G Robobeat Review | TheSixthAxis | N4G Michael Kitchin writes, “Robobeat is a fantastic rhythmic shooter with a lot of mechanic variety. Whilst it can be bogged down by repetition, the combat has an unpredictability that makes each run tense. It can be so rewarding to make it through by the skin of your teeth. The timing aspect might be tricky to grasp but it did eventually click for me. It’s combat makes for a exhilarating time and the weapon variety allows for plenty of experimentation.” Source link #Robobeat #Review #TheSixthAxis #N4G Pelican News View the full article at [Hidden Content]

Tesla drops 7% on self-driving competition, Musk OpenAI distractions Tesla drops 7% on self-driving competition, Musk OpenAI distractions Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images Tesla shares dropped 6% on Tuesday after ******** rival BYD announced plans to develop autonomous vehicle technology with DeepSeek, and said it would offer its Autopilot-like system in nearly all of its new cars, adding to fears that Elon Musk’s company is falling behind the competition. There’s also growing concerns surrounding Musk’s distractions outside of Tesla, after news surfaced that the world’s richest person is offering to lead an investor group in purchasing OpenAI, while he steps up his work with President Donald Trump’s White House. Tesla’s stock price has slid for five straight days, falling close to 17% over that stretch to $328.50, and wiping out over $200 billion in market cap. BYD, which has emerged as Tesla’s fiercest rival on the world stage, said on Monday that at least 21 of its new model vehicles will come equipped with its partially automated driving systems that include features for automatic parking and navigating on highways. Tesla doesn’t yet offer a robotaxi and its EVs currently require a human driver to remain at the wheel, ready to steer or brake at any time. On Tesla’s earnings call last month, Musk said the company is aiming to launch “Unsupervised Full Self-Driving,” and a driverless rideshare service in Austin, Texas, in June. Alphabet’s Waymo already operates a robotaxi service in Austin as well as in parts of Phoenix, San Francisco. “In our view, competition between Waymo, Tesla and a host of ******** players is a key driver on the path to commercialization” of robotaxis,” Morgan Stanley analysts wrote in a note to clients after the BYD announcement. The firm recommends buying the stock and has a price target of $430. Waymo said on Tuesday that it added 10 square miles of coverage to its robotaxi service in Los Angeles. In a report on Tuesday, Oppenheimer analysts wrote that the “autonomy competition may limit [Tesla] profitability.” Even if Tesla meets its June 2025 timeline for driverless cars in Texas, the company is “one of several autonomous technology providers, suggesting competition on price and performance,” they wrote. In addition to running Tesla, Musk is CEO of SpaceX, owns social media company X and is head of artificial intelligence startup xAI. He’s also spending significant time these days in Washington, D.C., running the “Department of Government Efficiency” (DOGE) as a special government employee, aiming to slash federal spending, personnel, regulations and even entire agencies. Investors already concerned about Musk’s hefty commitments beyond his trillion-dollar EV company have more reason for trepidation after events that unfolded on Monday. Musk’s attorney, Marc Toberoff, confirmed to CNBC that Musk was leading a consortium of investors in a $97.4 billion bid for OpenAI. Musk was among the founders of OpenAI in 2015, when the AI startup was created as a nonprofit research lab. Musk sought to have Tesla acquire OpenAI, and he later departed the organization’s board. OpenAI has since commercialized numerous products, most notably ChatGPT. Co-founder and CEO Sam Altman is seeking to restructure OpenAI as a for-profit entity. Musk has sued OpenAI to prevent that transition, and started xAI as a direct competitor. The Oppenheimer analysts wrote that, “While [Tesla] has shifted focus to being a Physical AI play, we view Elon Musk’s bid for Open AI as a distraction from [Tesla’s] challenges.” Altman told employees in a memo on Tuesday that OpenAI’s board hasn’t received an official offer from Musk and reminded staffers that “Elon has a history of making claims that don’t hold up.” Oppenheimer’s analysts also highlighted the added risks associated with Musk’s extensive work with the Trump administration. While Musk’s behavior “has fans in certain circles,” his public life “risks alienating consumers and employees as the Trump administration tests the limits of its power,” they wrote. For example, they referenced recent vehicle registration data that showed steep year-over-year declines in California and across several European markets. Tesla and Musk didn’t immediately respond to a request for comment. WATCH: Tesla still on track Source link #Tesla #drops #selfdriving #competition #Musk #OpenAI #distractions Pelican News View the full article at [Hidden Content]

20 Genius Things Mark Cuban Says To Do With Your Money 20 Genius Things Mark Cuban Says To Do With Your Money You have likely heard this billionaire’s name, but who is Mark Cuban and how did he make his money? It’s possible you know him as one of the sharks on the hit show “Shark Tank,” but Cuban is more than just a TV personality — he’s also the owner of the Dallas Mavericks and a successful investor. In fact, Cuban’s companies are so successful that he made his first million in 1990 after selling his business to CompuServe and then earned a $5.9 billion paycheck after he sold his online streaming audio service to Yahoo in 1999. Cuban knows how to be rich and successful, and he isn’t afraid to share his insight. Check out Mark Cuban’s advice, so you can learn how to budget money and think like a billionaire. Talk to any self-made millionaires or billionaires and they might preach the importance of taking calculated risks. Sometimes, risks and rewards go hand in hand, as Cuban pointed out in a 2017 interview with Money magazine while discussing the value of investing your savings. He explained that it’s possible to save a million dollars, but only if you’re disciplined and take risks. Many who achieve higher levels of financial success aren’t afraid to invest for the betterment of their future — whether they’re investing in the market, a business or their education. If you do take risks in the investment realm, limit the amount you contribute. “If you’re a true adventurer and you really want to throw the Hail Mary, you might take 10% and put it in bitcoin or Ethereum; but, if you do that, you’ve got to pretend you’ve already lost your money,” Cuban told Vanity Fair. “It’s like collecting art, it’s like collecting baseball cards, it’s like collecting shoes — something’s worth what somebody else would pay for it. I’d limit (risky investments) to 10%.” Know More: How Middle-Class Earners Are Quietly Becoming Millionaires and How You Can, Too In an exclusive interview with Young Money, a personal finance education and media company, Cuban offered this general investing advice and then followed the statement by saying, “The idiots that tell you to put your money in the market because eventually it will go up need to tell you that because they are trying to sell you something. The stock market is probably the worst investment vehicle out there.” Although some investors believe the stock market is the ticket to wealth, others believe the market is too risky and volatile. Your stock can be profitable one day, yet it only takes one downturn to lose it all. Rather than put all your eggs in the stock market, Cuban encourages keeping some money in a savings account for a rainy day so you’re protected if something goes wrong. In his own words, “Buy-and-hold is a sucker’s game … Those who put their money in CDs sleep well at night and definitely have more money today than they did yesterday.” AleksandarNakic / Getty Images Aim to have six months worth of income saved in that bank account, Cuban told Vanity Fair. “If you don’t like your job at some point or you get fired or you have to move or something goes wrong, you’re going to need at least six months income,” he said. g-stockstudio / Getty Images/iStockphoto If you want to dabble in the market, Cuban advises doing so safely to minimize your risk. In his conversation with Money, he suggested investing in a low-cost mutual fund. These are investments that let you pool your assets with the assets of other investors, which provides a cheaper way to diversify your portfolio. As Cuban puts it: “If you can find a way to invest inexpensively in the market, you can start to build your net worth.” LeoPatrizi / Getty Images Cuban gave this advice in a blog on his site titled “The Best Investment Advice You Will Ever Get.” Although investing can build your net worth and put you on the path toward financial freedom, there’s no guarantee that an investment strategy will pay off. Before investing, make sure you know the risks and prepare for the possibility of losing money. If you have doubts — or if there’s too much uncertainty surrounding an investment — there’s nothing wrong with holding onto your cash until the right opportunity comes along. Read Next: Suze Orman’s Top Tip for Building Wealth Is a ‘Very Easy One’ FG Trade / Getty Images Cuban shared this statement in his book “How to Win at the Sport of Business: If I Can Do It, You Can Do It.” Fear is a natural feeling, but it’s also one of the worst enemies to success. If you want to get ahead, get out of your own way and stop hiding behind fear — it keeps you stuck in the same place and stifles growth. If investing is new to you, fear and apprehension are normal. Rather than let it hold you back, educate yourself on different investment strategies to build your confidence — when you are ready, start with cheaper, safer investments. dotshock / Shutterstock.com There’s a definite connection between being a smart shopper and a savvy investor. In one of Cuban’s blog posts on the best investment advice, he explained how cash creates transitional returns. He encouraged analyzing how much you spend over the course of a year and then suggested taking advantage of cash, quantity and discounts to get a better return on your money. In other words: It’s best to buy in bulk. “Saving 15% on $1,000 worth of items you know you will absolutely spend money on is a better return on your money than making 15% in a year on a $1,000 investment because you don’t pay taxes on it,” Cuban said. Monkey Business Images / Shutterstock.com Cuban isn’t afraid to march to the beat of his own drum, particularly when it comes to his money and investing. In an interview with Forbes, Cuban said he rarely takes third-party advice on his investments, thus underscoring an important point: Don’t put all your trust in someone else. This doesn’t mean you shouldn’t seek guidance from financial advisors. Their insight is invaluable when you’re just starting out and have limited investment knowledge. At the same time, don’t give someone complete control over where your money goes. Learn the ins and outs of investing for yourself so you can have a say in how you invest your money. If you’re just starting out, pick up a book to start learning. Jacob Lund / Shutterstock.com College can be an excellent investment in your future and provide the skills and knowledge you need to improve your financial outlook — but acquiring said knowledge isn’t without costs. Cuban offers a cheaper approach: Enroll in a local or community college for the first couple of years of your undergraduate education. Some might argue for the benefits of attending a prestigious school, but Cuban encourages young people to go to a school they can actually afford. “The most important criteria when choosing a college is affordability,” he tweeted in May 2019. “A community college that offers transferable credits is always smart. There isn’t a lot of value add from big-name schools for freshman or sophomore classes, particularly when a motivated student can augment their studies with free online courses from the big names.” For You: 10 Genius Things Warren Buffett Says To Do With Your Money DGLimages / Getty Images/iStockphoto Cuban knows a thing or two about being disciplined and living frugally — after college, he moved into a house with five roommates, lived off macaroni and cheese, and drove an older vehicle. Rather than invest in expensive belongings, he invested in himself and his future goals. Likewise, a frugal mindset can propel you toward your goals. If you make money and build a nest egg, you’ll have the resources needed to make smart investments. Live beneath your means and reduce spending to help build your savings. Consider driving an older car, buying secondhand goods, living with your parents a little longer or getting a roommate to lower housing expenses. PavelVinnik / Getty Images/iStockphoto Credit cards serve a useful purpose, but they can also lead to debt if you don’t manage them responsibly, which is why Cuban gave this advice to consumers. He doesn’t discourage using a credit card, but he does encourage paying off balances in full every month to avoid wasting money on interest. “Using a credit card is OK if you pay it off at the end of the month,” Cuban said in an interview with Money. “Just recognize that the 18% or 20% or 30% you’re paying in credit card debt is going to cost you a lot more than you ever could earn anywhere else.” martin-dm / Getty Images “The best investment you can make is paying off your credit cards, paying off whatever debt you have,” Cuban told MarketWatch. “If you have a student loan with a 7% interest rate, if you pay off that loan, you’re making 7%, that’s your immediate return, which is a lot safer than picking a stock, or trying to pick real estate, or whatever it may be.” Learn More: Suze Orman Says You Need To Do This With Your Money Before the New Year Stígur Már Karlsson /Heimsmynd / Getty Images Cuban has long preached that cash is king, and he told Vanity Fair that having cash available can ultimately save you money. “I tell people all the time, if you’re out, you’re going to take a yoga class, and they want to charge you $30, say, ‘Look, I got $20.’ You know what? They’re going to take it,” he told Vanity Fair. “Negotiating with cash is a far better way to get a return on your investment.” Halfpoint / Getty Images/iStockphoto Although Cuban is an advocate of living cheaply and saving as much as possible, he believes that a good book is the one thing that’s always worth the money. “I used to love to walk through bookstores when there were bookstores everywhere, and if there was something that caught my eye, and I thought it could give me one idea, to spend $30 to get one idea that could help propel me, make my businesses better — it was a bargain,” he told Vanity Fair. One book that got Cuban “all fired up” is “The Only Investment Guide You’ll Ever Need” by Andrew Tobias, he said. “I’ll read hours every day because all it takes is one little thing to propel you to the next level.” Anchiy / Getty Images Cuban doesn’t seem to believe the old adage, “Sharing is caring.” In an interview with The Dallas Morning News, he advised potential lottery winners to think twice before lending money to anyone. His advice is applicable to anyone who comes across a financial windfall. “Tell all your friends and relatives no,” Cuban said. “They will ask. Tell them no. If you are close to them, you already know who needs help and what they need. Feel free to help some, but talk to your accountant before you do anything. And remember this: No one needs $1 million for anything. No one needs $100,000 for anything. Anyone who asks is not your friend.” kupicoo / Getty Images The coronavirus pandemic wreaked havoc on the markets, but Cuban said that was not a time to panic. “No one freaked out when it went up too fast. No reason to freak out when it goes down quickly,” he said on LinkedIn. “Remember, I follow the No. 1 rule of investing: When you don’t know what to do, do nothing.” Find Out: 9 Fastest Ways To Become Rich, According To Experts g-stockstudio / iStock.com Cuban is passionate about avoiding debt, whether it’s credit card debt or a loan from the bank. If you want to start your own business, he recommends doing it without relying on bank loans. “If you take a loan, you are no longer the boss,” he told Dave Ramsey. “And your customers are no longer the bosses. Your banker is the boss. And if you hit any adversity, like every startup does, the priority becomes taking care of your banker. … You’re no longer in a position to do whatever it takes to survive.” PeopleImages / Getty Images “I value my time a lot more than my next dollar,” Cuban told Barbara Corcoran on her podcast, “888-Barbara.” That’s why he doesn’t mind spending his money on “things that buy time” — which for him meant buying a private jet. For the average person, this can mean paying extra for little conveniences such as pre-chopped vegetables or hiring a cleaning service so you have more time to spend with family. “I can make things happen more quickly by paying a little bit more,” he said. “And that’s important, because time is the one asset you can’t own, buy or get back.” Geber86 / Getty Images Although there are numerous downsides to a recession, one of the silver linings is low interest rates. In a Twitter Q&A, Cuban said one of the best things to do during a recession is to take advantage of these low rates. “Refinance your student loan and any other debt you have,” he said. For financial advice on money and investing, seek out those with a successful track record. Your chances of a one-on-one session with Cuban are probably slim to none, but this doesn’t mean you can’t benefit from his wisdom. Between his blogs, interviews and Q&A sessions, he has proven that he’s more than willing to share his money tips with others. Gabrielle Olya contributed to the reporting for this article. More From GOBankingRates This article originally appeared on GOBankingRates.com: 20 Genius Things Mark Cuban Says To Do With Your Money Source link #Genius #Mark #Cuban #Money Pelican News View the full article at [Hidden Content]

The PSN outage proves PC gamers were right to resist its mandatory sign-in requirement The PSN outage proves PC gamers were right to resist its mandatory sign-in requirement You don’t need my email. Source link #PSN #outage #proves #gamers #resist #mandatory #signin #requirement Pelican News View the full article at [Hidden Content]

Musk’s DOGE Announces Millions in Cuts to Education Dept. Amid Legal Pushback – The New York Times Musk’s DOGE Announces Millions in Cuts to Education Dept. Amid Legal Pushback – The New York Times Musk’s DOGE Announces Millions in Cuts to Education Dept. Amid Legal Pushback The New York TimesElon Musk’s Team Decimates Education Department Arm That Tracks National School Performance ProPublicaTrump Administration Targets Education Department Research Arm in Latest Cuts KQED Source link #Musks #DOGE #Announces #Millions #Cuts #Education #Dept #Legal #Pushback #York #Times Pelican News View the full article at [Hidden Content]

Whyalla steelworks owner ‘vigorously finalising new financing’ Whyalla steelworks owner ‘vigorously finalising new financing’ A major *********** steel producer’s international tycoon owner says his company is making “tangible financial headway with our creditors”. Source link #Whyalla #steelworks #owner #vigorously #finalising #financing Pelican News View the full article at [Hidden Content]

DOGE slashes millions from Education Department research DOGE slashes millions from Education Department research WASHINGTON – The U.S. Department of Education moved to terminate nearly $1 billion in research contracts on Monday, a decision critics said depleted the government of vital data sources on American schooling and all but decimated the agency’s research division. The move was announced on social media by the Department of Government Efficiency, or DOGE, a new quasi-government agency run by X owner Elon Musk. The task force helmed by Musk, a tech billionaire, said it terminated 89 contracts worth $881 million. In another X post, DOGE said it had canceled 29 “DEI training grants” totaling $101 million. Eliminating the agreements effectively halted the work of the Institute of Education Sciences, the arm of the Education Department responsible for gathering information about students and schools nationwide. The scope of DOGE’s changes may be larger than publicly stated, according to an internal memo from an Institute of Education Sciences employee obtained by USA TODAY. Members of the DOGE team said Monday that 169 education research contracts would be canceled, ending nearly all of the institute’s work, the memo said. Although institute employees hadn’t been placed on leave, they expected to receive notices soon. The DOGE team, according to the memo, communicated that the legality of its cost-cutting measures wasn’t a factor in its decision-making. The department said Tuesday that several contracts, including the National Assessment of Educational Progress, also known as the “Nation’s Report Card,” were spared. Also intact was the College Scorecard, an Obama-era tool that uses information about universities to help students decide whether programs provide value that merits the investment. College Navigator, a similar government platform, was saved, too. But scores of other major research undertakings were scrapped seemingly overnight. What Works Clearinghouse, a project that has helped school administrators and educators make decisions for years, was nixed. The School Pulse Panel, which began surveying public K-12 schools on education-related topics during the 2021-2022 school year, was also wiped out. Based on a list of federal contracts for fiscal year 2024, studies about international education, career and technical education and early childhood education also appeared to be contenders for DOGE’s cuts. Michael Itzkowitz, who oversaw the creation of the College Scorecard, said cutting critical research about schools and colleges will have ripple effects that could endanger American global competitiveness. “We don’t want consumers to have more information about buying the best blender than they do about attending an institution of higher education,” he said. The termination of the contracts is the latest example of turmoil at the federal Education Department, which President Donald Trump has routinely criticized. An employee familiar with the matter confirmed that Musk’s DOGE team has gained access to vast databases containing the personal and financial information of millions of students, USA TODAY reported last week. Droves of staffers at the agency have also been placed on paid leave since the president signed an executive order banning diversity, equity and inclusion in the federal workforce. What the Trump administration means for you: Sign up for USA TODAY’s On Politics newsletter. Zachary Schermele is an education reporter for USA TODAY. You can reach him by email at *****@*****.tld. Follow him on X at @ZachSchermele and Bluesky at @zachschermele.bsky.social. This article originally appeared on USA TODAY: DOGE slashes millions from Education Department research Source link #DOGE #slashes #millions #Education #Department #research Pelican News View the full article at [Hidden Content]

Destiny 2 Barrow Dyad Exotic Quest Guide: How To Start And Complete Derealize Destiny 2 Barrow Dyad Exotic Quest Guide: How To Start And Complete Derealize Ah, Bungie. Every so often the Destiny 2 developer will surprise Guardians globally by subtly launching a mission or quietly adding secrets to the game. This time around, the Barrow Dyad Exotic mission has been added to the game with the weekly reset, and no prior warning at all. Luckily, we’ve figured out how to locate the new Derealize Exotic mission, how to start it, and we have a step-by-step guide on how you can get your hands on the bizarre-looking SMG. Nether Blights If you’ve been playing Destiny 2 Episode Heresy already, you’ll be familiar with the Nether activity. Formerly, we thought that you’d need to reload it until you spawn at the Trenchway or Hall of Souls, but it seems that you can start the Exotic quest from any landing zone in the Nether; you just might have a bit more of a search on your hands before you can trigger the quest steps. The hidden path to the Blight. You’ll want to look for a large Taken Blight. Following some hidden platforms, jump up into it, and look for a plate on the floor after you teleport. If you’re struggling to find the route, take out your Ghost and the platforms will briefly show. Symbols and Fragments You’ll then see a symbol along with a message appearing on your HUD to the lower left. In our case, it said “Something whispers to the right…” Step off the plate in the same direction that this message tells you to and you’ll be teleported out. You’ll see a Taken Osseous Fragment in a stone bowl: collect it. The symbol and its corresponding directive message Scotopic Rune After this, visit the Slab inside Eris’s Flat in the Lost City and purchase and activate the Scotopic Rune upgrade. This is a tier three Runic Enhancement. After activating it, you’ll be given The Taken Path quest with the next step tasking you with finding something the Hive have hidden in Sorrow’s Harbor. Lost Sector Blights Head to the K1 Revelation Lost Sector in Sorrow’s Harbor. There, you’ll see a Blight leading to a plate, similar to the one from the Nether. Again, take note of the symbol, follow its direction, and kill the Taken that spawn before collecting the fragment. Repeat this process in the Forgotten Shore Lost Sector, Veles Labyrinth. The Blight will be in the maze area. The Taken Osseous Fragment Curse Quests After completing the two Lost Sectors, return to the Slab in the Last City. This will trigger the start of three “curse” quests–the Curse of Endurance, the Curse of Urgency, and the Curse of Revenge all need to be broken. These are located in the Altars of Sorrow, the Hallowed Grove, and the Nightmare Hunt: Pride respectively. In each area you will find a Taken Relic. Killing enemies will extend the timer that it shows. Once an area opens up allowing you to do so, dunk the Taken Relic. After doing this, you’ll need to head back into the Nether activity again. In each area, similar to the King’s Fall raid, there will be a Hive statue that you need to interact with. This will spawn a mini-boss. After defeating it, another Taken Osseous Fragment will be yours to collect. Only after completing all of the steps will you begin the Exotic quest itself, named Derealize. Derealize Exotic Mission Derealize Quest The mission is fairly straight-forward: You’ll face off against some Tormentors and other Dread faction enemies while pursuing a commander. Then, when you reach a large arena, you’ll repeat some of the steps you needed to unlock the mission and deal with more curses using a Taken Relic. After empowering the curse with the Relic, the mini-boss can be damaged. Repeat the process to take down the boss and enter another phase of seeking out Blights which contain symbols. Derealize Quest Entrance Follow the short jumping puzzle and claim the Corrupted Fragment. Follow another, longer jumping puzzle until you eventually find the final boss. Derealize is an extremely lore-heavy quest, so we won’t spoil anything here, but pay attention if that’s your thing. The Barrow Dyad Exotic is a guaranteed drop when you finish Derealize. After completing it once, another quest begins which allows you to get intrinsic upgrades for Barrow Dyad. Take note that you need to be at least rank nine at the Slab for this to be achievable. You’ll also need to locate and secure more Fragments, but these can easily be found in the Nether activity. Barrow Dyad Exotic SMG The Barrow Dyad Exotic SMG is a strange-looking weapon. Shaped like a disc, the weapon has the Panic Response Exotic perk which means it generates Blight as it deals damage. When it’s not firing, Blight depletes, and the weapon’s magazine is gradually refilled. Reloading it converts stored Blight into Blighted Seekers which track enemies and cause huge amounts of damage. If you’re seeking out some of the other new Destiny 2 Heresy weapons, including Exotics, we have a dedicated guide for that, too. Source link #Destiny #Barrow #Dyad #Exotic #Quest #Guide #Start #Complete #Derealize Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Trump Is Siccing ICE on Churches. The Pastors Are Fighting Back. – Slate Trump Is Siccing ICE on Churches. The Pastors Are Fighting Back. – Slate Trump Is Siccing ICE on Churches. The Pastors Are Fighting Back. SlateMC USA joins more than two dozen Christian and Jewish denominations and associations sue to protect religious freedoms Mennonite Church USAReligious Groups Sue Homeland Security Over Immigration Arrests The New York Times Source link #Trump #Siccing #ICE #Churches #Pastors #Fighting #Slate Pelican News View the full article at [Hidden Content]

The goods facing higher prices from Donald Trump’s US tariffs The goods facing higher prices from Donald Trump’s US tariffs Natalie Sherman Business reporter, BBC News Getty Images A new 25% tax is set to be imposed on imports of steel and aluminium into the US from countries including Canada, Mexico, Brazil, as well as the European Union. The new tariff measures announced by President Donald Trump will mean US businesses wanting to bring the metals in to the country will have to pay more. But there is a risk that the companies will pass on the added costs, or some portion of it, to consumers. Since steel and aluminium are key components in many goods, what items could get more expensive? Canned food, beer and fizzy drinksGetty Images About 70% of the steel used in the US to make cans for food is imported today, coming in from countries such as Germany, the Netherlands and Canada, according to the Can Manufacturers Institute (CMI), a business group representing can-makers. After Trump ordered tariffs on steel in 2018, many can-makers won “exclusions” from those import taxes, over the objections of steelmakers, given the limited production of the type of steel used to make cans in the US. Since then, steel manufacturers have cut production further, pushing up prices, warned the CMI, which sent a letter to the Trump administration earlier this month signed by big food companies including General Mills, Del Monte and Goya. Robert Budway, president of the CMI, said without exemptions for can manufactures to import steel tariff free, grocery prices for canned foods made in the US are likely to rise. “While the president may believe that these tariffs are protecting the steel industry, they certainly are undermining our food security and our supply resiliency for American canned food, which Americans rely on every day,” Mr Budway said. When it comes to aluminium, brewers and makers of fizzy drinks, such as Coca-Cola, have also warned the move will add costs and could lead to higher prices for customers. “We control enough variables that we can adapt and mitigate our way through what is happening,” Coca-Cola chief executive James Quincey told investors this week. Trump has said there will be no exemptions from the rules this time time either for individual products or for particular countries, however some sectors are hoping he will row back from that position. CarsGetty Images After Trump imposed tariffs on steel and aluminium during his first term, carmakers including Ford and General Motors warned the measures would add about $1bn to each of their costs. For customers, Morningstar estimated the tariff costs back then would result in a roughly 1%, or a $300 price rise for customers. David Whiston, an analyst at Morningstar, warned Ford could be facing a similar cost increase this time, but said it was unclear how consumers will be affected. Affordability pressures in a market where sales have yet to return to 2019 levels could limit how much of the costs companies choose to pass on, according to Michael Wall, an auto analyst at S&P Mobility. But he said it was still “realistic” to expect some of the costs from the metals tariffs to trickle down to buyers. However he noted that Trump’s announcement of tariffs on all goods imported from Canada and Mexico, currently on hold until March, would have a much ******* impact for buyers. At a business conference, Ford chief executive Jim Farley warned Trump’s recent moves were causing “a lot of cost and a lot of chaos” for his industry. TD Economists has estimated cars could up in price by about $3,000 if blanket tariffs on goods from Mexico and Canada came into force. Construction, housing and appliancesGetty Images The construction industry as a sector is one of the single biggest users of steel, which developers and homebuilders need for everything from building frames to appliances. Carl Harris, chairman of the National Association of Home Builders, said the decision to impose tariffs on steel and aluminium ran “totally counter” to Trump’s stated goal of making housing more affordable, warning it would raise costs and deter development and rebuilding. “Ultimately, consumers will pay for these tariffs in the form of higher home prices,” he warned. The National Association of Home Builders has urged the president to exempt building materials from the proposed tariffs. After Trump imposed steel tariffs in 2018, appliance maker Whirlpool faced an unexpected $350m jump in costs it said was driven by the jump in steel prices. Companies unable to absorb such costs would likely pass them on through higher prices in the shops. Source link #goods #facing #higher #prices #Donald #Trumps #tariffs Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

US agency sends Trump plan to release JFK documents US agency sends Trump plan to release JFK documents Classified documents on the assassination of John F Kennedy could be released to the public under a plan being considered by Donald Trump. Source link #agency #sends #Trump #plan #release #JFK #documents Pelican News View the full article at [Hidden Content]

Trump, joined by Musk in Oval Office, orders up big cuts in federal workforce Trump, joined by Musk in Oval Office, orders up big cuts in federal workforce WASHINGTON ― Joined by Elon Musk in the Oval Office, President Donald Trump signed an executive order Tuesday that seeks to “significantly reduce the size of government” by instructing heads of federal departments and agencies to undertake plans for “large-scale reductions in force.” Trump’s newest order directs the federal government to implement a “workforce optimization initiative” created by Musk’s Department of Government Efficiency, which has been moving rapidly from one department to another to slash spending and gut programs. “It’s not optional to reduce federal expenses, it’s essential,” Musk, wearing a ****** MAGA hat and joined by his son, X, said in remarks standing next to Trump, who was seated behind the Resolute Desk. Musk called the federal bureaucracy the “unelected” fourth branch of government and said it must be held accountable. “The people voted for major government reform and that’s what the people are going to get,” Musk said, responding to detractors who call his involvement a hostile takeover. “That’s what democracy is all about.” Agency heads are ordered to “coordinate and consult with DOGE to shrink the size of the federal workforce and limit hiring to essential positions,” a White House handout about the order says. Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on February 11, 2025 in Washington, DC. More: 5 ways Elon Musk is working to dismantle the federal government “Agencies will undertake plans for large-scale reductions in force and determine which agency components (or agencies themselves) may be eliminated or combined because their functions aren’t required by law,” the White House document says. Musk’s appearance with Trump in the Oval Office marked the first time the billionaire SpaceX CEO has taken questions from reporters in a public setting since he’s assumed power in Trump’s second term. The order comes as Trump’s administration has offered buyouts to nearly all 2.3 million federal employees in a push to drastically reduce the federal workforce. But the offer, which would pay employees through September if they agree to resign, is currently held up in court after a federal judge in Massachusetts extended a pause Monday to hear arguments from both sides in a legal challenge brought by federal employees unions. The Trump administration has signaled furloughs and layoffs are likely if not enough federal workers agree to the buyouts. More than 60,000 workers have accepted the buyout, which is less than White House projections for 5% to 10% of federal workers to take part. More: Buyout blocked: Judge extends pause on Trump federal worker plan Under the order, federal agencies are instructed to hire no more than one employees for every four employees that depart after Trump’s day-one executive order on a federal hiring freeze expires. Exceptions are departments involving immigration, law enforcement and public safety, the White House said. The order also tasks the U.S. Office of Personnel Management to create new rules to “ensure federal employees are held to the highest standards of conduct.” A memo last week from the OPM to department and agency heads requested the names of all employees who received less than a “fully successful” performance rating in the past three years. It also asked them to identify potential barriers to ensuring “the ability to swiftly terminate poor performing employees who cannot or will not improve.” More: Trump administration orders lists of low-performing employees across federal workforce More: Judges are pausing Trump’s policy changes. But for how long? Guided by Musk and his DOGE aides, Trump has spent his first three weeks dismantling the federal government, including shutting down the United States Agency for International Development and taking steps to do the same to the Consumer Financial Protection Bureau. Trump has also discussed trying to eliminate the Department of Education. Musk’s efforts have created showdowns in court that could ultimately decide whether Trump has the executive authority to dismantle the federal government in the ways his administration envisions. Federal judges have halted elements of the USAID shutdown and blocked Musk’s team from accessing the Treasury Department’s payment systems. Reach Joey Garrison on X @joeygarrison. This article originally appeared on USA TODAY: Trump, joined by Musk, orders up major cuts to US workforce Source link #Trump #joined #Musk #Oval #Office #orders #big #cuts #federal #workforce Pelican News View the full article at [Hidden Content]

South of Midnight Runs At 60 FPS On Xbox Series X|S, Main Story Length Estimated At 1012 Hours South of Midnight Runs At 60 FPS On Xbox Series X|S, Main Story Length Estimated At 1012 Hours Xbox Game Studios and Compulsion Games’ South of Midnight will target a frame rate of 60 fps on both Xbox Series X and Xbox Series S. Source link #South #Midnight #Runs #FPS #Xbox #Series #Main #Story #Length #Estimated #Hours Pelican News View the full article at [Hidden Content]

Stocks making the biggest moves after hours: DASH, LYFT, UPST, SMCI Stocks making the biggest moves after hours: DASH, LYFT, UPST, SMCI Check out the companies making headlines in extended trading: DoorDash — The food delivery stock traded nearly 6% higher after better-than-expected revenue for the fourth quarter. DoorDash reported revenue of $2.87 billion in its most recent quarter, while analysts surveyed by LSEG forecast $2.84 billion. Gilead Sciences — The biopharmaceutical stock advanced 4% after fourth-quarter results surpassed analysts’ estimates on the top and bottom lines. Gilead notched adjusted earnings per share of $1.90 on revenue of $7.57 billion. Analysts polled by LSEG were looking for earnings of $1.70 per share on revenue of $7.14 billion. Super Micro Computer — The server builder popped more than 4% even as the company slashed its fiscal 2025 full-year revenue guidance. Super Micro now sees full-year revenue ranging from $23.5 billion to $25 billion, while analysts polled by LSEG called for $24.92 billion. The company also said it thinks it will be able to file its delayed annual report by Feb. 25. Lyft — Shares pulled back more than 9%. The ride-hailing company reported revenue of $1.55 billion in the fourth quarter, which missed an estimate of $1.56 billion from analysts polled by LSEG. Guidance for first-quarter bookings underwhelmed investors, coming in at a range between $4.05 billion and $4.20 billion, while analysts polled by FactSet expected $4.32 billion. Zillow — The real estate marketplace stock slipped 5% on the heels of a fourth-quarter earnings miss. Zillow reported adjusted earnings of 27 cents per share, while analysts surveyed by LSEG forecast 28 cents per share. The company’s first-quarter revenue guidance called for a range between $575 million and $590 million, falling short of the anticipated $599.8 million from analysts polled by FactSet. IAC — The media and internet brands giant climbed 3%. Fourth-quarter revenue trounced analysts’ forecasts, coming in at $989 million, versus the LSEG consensus estimate of $934 million. Bottom-line results fell far short of expectations, however, as IAC posted a loss of $2.39 per share, while analysts sought earnings of 24 cents per share. Upstart Holdings — The consumer lending platform surged 25% after issuing better-than-expected first-quarter guidance. Upstart expects revenue in the current quarter of $200 million, while analysts polled by LSEG were expecting $193.8 million. Upstart’s fourth-quarter results also surpassed analysts’ estimates on the top and bottom lines. Freshworks — The software company leapt more than 11% in extended trading. Fourth-quarter results surpassed Wall Street’s expectations and beat the company’s previous guidance . Freshworks reported adjusted earnings of 14 cents per share on revenue of $195 million. Analysts polled by LSEG were looking for 10 cents per share in earnings and $189 million in revenue. — CNBC’s Darla Mercado contributed reporting. Source link #Stocks #making #biggest #moves #hours #DASH #LYFT #UPST #SMCI Pelican News View the full article at [Hidden Content]

Tesla drops 7% on self-driving competition, Musk OpenAI distractions Tesla drops 7% on self-driving competition, Musk OpenAI distractions Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images Tesla shares dropped 7% on Tuesday after ******** rival BYD announced plans to develop autonomous vehicle technology with DeepSeek, and said it would offer its Autopilot-like system in nearly all of its new cars, adding to fears that Elon Musk’s company is falling behind the competition. There’s also growing concerns surrounding Musk’s distractions outside of Tesla, after news surfaced that the world’s richest person is offering to lead an investor group in purchasing OpenAI, while he steps up his work with President Donald Trump’s White House. Tesla’s stock price has slid for five straight days, falling 17% over that stretch to $328.50, and wiping out over $200 billion in market cap. BYD, which has emerged as Tesla’s fiercest rival on the world stage, said on Monday that at least 21 of its new model vehicles will come equipped with its partially automated driving systems that include features for automatic parking and navigating on highways. Tesla doesn’t yet offer a robotaxi and its EVs currently require a human driver to remain at the wheel, ready to steer or brake at any time. On Tesla’s earnings call last month, Musk said the company is aiming to launch “Unsupervised Full Self-Driving,” and a driverless rideshare service in Austin, Texas, in June. Alphabet’s Waymo already operates a robotaxi service in Austin as well as in parts of Phoenix, San Francisco. “In our view, competition between Waymo, Tesla and a host of ******** players is a key driver on the path to commercialization” of robotaxis,” Morgan Stanley analysts wrote in a note to clients after the BYD announcement. The firm recommends buying the stock and has a price target of $430. Waymo said on Tuesday that it added 10 square miles of coverage to its robotaxi service in Los Angeles. In a report on Tuesday, Oppenheimer analysts wrote that the “autonomy competition may limit [Tesla] profitability.” Even if Tesla meets its June 2025 timeline for driverless cars in Texas, the company is “one of several autonomous technology providers, suggesting competition on price and performance,” they wrote. In addition to running Tesla, Musk is CEO of SpaceX, owns social media company X and is head of artificial intelligence startup xAI. He’s also spending significant time these days in Washington, D.C., running the “Department of Government Efficiency” (DOGE) as a special government employee, aiming to slash federal spending, personnel, regulations and even entire agencies. Investors already concerned about Musk’s hefty commitments beyond his trillion-dollar EV company have more reason for trepidation after events that unfolded on Monday. Musk’s attorney, Marc Toberoff, confirmed to CNBC that Musk was leading a consortium of investors in a $97.4 billion bid for OpenAI. Musk was among the founders of OpenAI in 2015, when the AI startup was created as a nonprofit research lab. Musk sought to have Tesla acquire OpenAI, and he later departed the organization’s board. OpenAI has since commercialized numerous products, most notably ChatGPT. Co-founder and CEO Sam Altman is seeking to restructure OpenAI as a for-profit entity. Musk has sued OpenAI to prevent that transition, and started xAI as a direct competitor. The Oppenheimer analysts wrote that, “While [Tesla] has shifted focus to being a Physical AI play, we view Elon Musk’s bid for Open AI as a distraction from [Tesla’s] challenges.” Altman told employees in a memo on Tuesday that OpenAI’s board hasn’t received an official offer from Musk and reminded staffers that “Elon has a history of making claims that don’t hold up.” Oppenheimer’s analysts also highlighted the added risks associated with Musk’s extensive work with the Trump administration. While Musk’s behavior “has fans in certain circles,” his public life “risks alienating consumers and employees as the Trump administration tests the limits of its power,” they wrote. For example, they referenced recent vehicle registration data that showed steep year-over-year declines in California and across several European markets. Tesla and Musk didn’t immediately respond to a request for comment. WATCH: Tesla still on track Source link #Tesla #drops #selfdriving #competition #Musk #OpenAI #distractions Pelican News View the full article at [Hidden Content]