Larry Ellison, Oracle Co-Founder And One Of Richest Men In The World, Saw His Net Worth Dip $22.6 Billion In One Day Due To DeepSeek Selloff – Yahoo Finance
Larry Ellison, Oracle Co-Founder And One Of Richest Men In The World, Saw His Net Worth Dip $22.6 Billion In One Day Due To DeepSeek Selloff – Yahoo Finance
Larry Ellison, Oracle Co-Founder And One Of Richest Men In The World, Saw His Net Worth Dip $22.6 Billion In One Day Due To DeepSeek Selloff Yahoo FinanceDeepSeek Shows Meta’s A.I. Strategy Is Working The New York Times‘Incredibly dangerous for free speech’: DeepSeek is giving the world a window into ******** censorship CNNOpenAI Is Probing Whether DeepSeek Used Its Models to Train New Chatbot The Wall Street JournalDeepSeek hints that China has mastered the art of ‘kaizen’ — the west should be worried Financial Times
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Jet collides with helicopter at Washington Airport
Jet collides with helicopter at Washington Airport
A passenger jet has collided with a helicopter while landing at Ronald Reagan National Airport near Washington.
There was no immediate word on casualties, but all take-offs and landings from the airport near Washington were halted late on Wednesday.
Multiple helicopters, including those from the US Park Police and the D.C. Metropolitan Police Department and US military, were flying over the scene of the incident in the Potomac River.
DC Fire and EMS said on X that fireboats were on the scene.
DC police said on the social platform X that multiple agencies are conducting a search and rescue effort in the Potomac River after an aircraft ******.
Video from an observation camera at the nearby Kennedy Center shows two sets of lights consistent with aircraft appearing to join in a fireball.
The airport said emergency personnel were responding to “an aircraft incident on the airfield”.
No other details were immediately available.
The Federal Aviation Administration said the collision remains under investigation.
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Elon Musk Foe Escorted Out of Fed Office After Refusing to Resign
Elon Musk Foe Escorted Out of Fed Office After Refusing to Resign
Fired inspector general of the U.S. Department of Agriculture Phyllis Fong was removed from her Washington D.C. office on Monday after refusing to comply with the conditions of her termination.
A 22-year-old veteran of the department—which has a broad mandate to investigate food safety and animal ********—Fong’s office has been investigating Elon Musk’s brain implant startup Neuralink, among other investigations into the Boar’s Head’s listeria outbreak.
The USDA launched a federal investigation into Neuralink in 2022 for potential animal-******** violations following internal staff complaints alleging the needless suffering and deaths of animals via testing, reported Reuters at the time.
On Friday, Fong was one of 17 federal watchdogs given their walking papers by the Trump administration, reported Reuters. However, Fong told her colleagues in an email that she intended to stay in her post, arguing that “these termination notices do not comply with the requirements set out in law and therefore are not effective at this time.”
Phyllis K. Fong. / Tom Williams / Tom Williams/CQ-Roll Call, Inc via Getty Imag
She arrived at her office on Monday morning and was promptly escorted out of USDA headquarters by security, sources told Reuters.
In a statement, the White House called Fong and other inspector generals “rogue, partisan bureaucrats” who “have been relieved of their duties in order to make room for qualified individuals who will uphold the rule of law and protect Democracy.”
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Tiny Love Stories: ‘I Know You Don’t Watch the News’
Tiny Love Stories: ‘I Know You Don’t Watch the News’
Our Last Outing
Growing up with a strict no fast-food rule, I was lucky to have my grandpa as my partner in crime. Our secret McDonald’s stops on the way home from school left no trace — except for our satisfied, conspiratorial grins. Two months after he died, I learned I could finally eat pollock after 25 years of being severely allergic. Sitting in a McDonald’s, I hesitated before my first-ever bite of a Filet-O-Fish — his favorite. The flaky texture and the ******* flavor were unfamiliar yet exactly as he’d described them. I smiled, savoring this final, secret communion with my grandfather. — Naomi Huang
A Clarifying Call
“Julia, it’s Talula. You blocked me so I’m using another phone. I know you don’t watch the news, but there’s a fire in that canyon by you!” My mind cleared as her voice took center stage, chaos from the evacuation receding into the background. All the animosity I’d harbored toward my former best friend instantly dissipated. “Lu, I miss you,” I said, the truth tumbling out of my mouth. For years, I had thought the deepest friendship I’d ever experienced had been burned beyond repair. But maybe in this moment of devastation, there was an opportunity to build anew. — Julia Stephens
Our correspondence after the call.
Two Witnesses to Two Ceremonies
Two weeks before our wedding his mother died. Two days before our wedding I was in the throes of a painful miscarriage. “Baby Hinds was in a hurry to see his grandmother,” he said. Somehow those words comforted me. We went through with the wedding. I, in the haze of medication. He, in the shadow of great loss. Sorrow an uninvited guest. Twenty five years later, we renewed our vows. I like to think grandmother and grandchild were together. This time witnessing the joy of our life together. — Rachel Hinds
Yielding to the Moment
Three years into our friendship, I developed an unexpected crush on my best friend, Ellen. It was complicated because we were classmates, both “straight” and had never considered anything other than a platonic relationship. But, one evening, as we were lying in her bed watching a movie, I leaned in to kiss her. Although I was terrified of rejection, I shut my eyes and yielded to the moment. To my surprise, she was already there, waiting for my embrace. Now, six years later in our shared apartment in Stockholm, she is always there when I reach for her. — Rakel Clinton Lucas
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Resignation Push Deepens Worries About Effect on Government Services
Resignation Push Deepens Worries About Effect on Government Services
In the first week of the new Trump administration, the country’s more than two million federal workers were hit with rapid-fire announcements that longtime job protections and telework were suddenly being revoked. The second week brought a carrot, of sorts: an offer that federal employees could continue drawing pay and benefits through late September if they agreed to resign by Feb. 6.
The administration and its supporters trumpeted the proposal, with the billionaire Elon Musk, whom President Trump has tapped to remake the government, describing it as “very generous.”
But to many of the workers it was anything but. Some saw the offer as unenforceable, if not ********, and federal employees and union leaders alike described it as just another front in the administration’s unsparing campaign to get as many of them as possible to leave.
What remains to be seen is not whether some will depart federal service, as plenty have already begun looking for other jobs, but instead how many and what their departures would mean for the government’s ability to carry out its responsibilities.
“Quality is going to go down,” said Everett Kelley, president of the American Federation of Government Employees, the largest union of federal employees. “Because these are the people that have that expertise. And when quality starts going down, what else can you do besides say, ‘The federal government has failed us.’”
He and others fear an exodus of experienced workers: More than a quarter of federal employees are 55 or older, according to the Pew Research Center. More than half hold bachelor’s or advanced degrees. At the U.S. Agency for International Development, which has been a particular target in recent days, two-thirds of the more than 4,600 employees hold doctorates, master’s or other advanced degrees, according to Pew.
“The amount of brain drain that will come as people leave, retire or are fired cannot be underestimated,” said one federal lawyer who is planning to leave soon and, like others, spoke on the condition of anonymity out of fear of retribution.
Trump allies dismissed such worries. The White House has said that it expects 5 to 10 percent of the federal work force, as many as 200,000 people, to take the offer.
“These are talented individuals, which I’m sure will do well,” said Senator Ted Budd, Republican of North Carolina, which has a sizable population of federal civilian employees. “If they’re not working for the federal government, they’ll do well elsewhere.”
Still, the scale and intensity of Mr. Trump’s campaign against the bureaucracy has troubled some officials in places far from the Washington area, which is home to only about a fifth of the civilian federal work force. Hundreds of thousands of federal employees are spread across the country, working at offices, job sites and labs in major cities and rural areas.
“I think this is evidence that the White House is talking quickly but has not really thought everything through,” said Lily Limón, a city councilwoman in El Paso, where more than 10,000 federal workers live. “There is a lot of pressure and a lot of trauma for people who are caught up in all of this.”
On Wednesday, federal employees warned each other that the resignation offer could be a setup, and some supervisors even advised their employees not to accept it immediately, according to people familiar with conversations inside agencies. The mistrust was bolstered by warnings from lawyers, union leaders and Democratic lawmakers, who insisted that the Office of Personnel Management did not have the legal authority to make the sort of guarantees it was promising.
“Don’t be fooled!” said Senator Tim Kaine, Democrat of Virginia, insisting that the president had no authority to pay people for months who are not working.
Though some federal workers are fully remote, most on any given day are working in person at a job site or office, according to a 2024 report from the Office of Management and Budget. Still, tens of thousands have been teleworking at least several days a week for years, and the Trump administration has been forthright that some of its recent orders, such as a requirement that all employees work in an office full-time, were meant to push people to quit.
“We don’t want them to work from home, because, as everyone knows, most of the time, they’re not working, they’re not very productive,” Mr. Trump said on Wednesday.
With the end of telework, he added, “We think a very substantial number of people will not show up to work, and therefore our government will get smaller and more efficient, and that’s what we’ve been looking to do for many, many decades.”
These clearly stated goals, plus the vague and in some cases contradictory guidance, left plenty of federal workers skeptical that anything, including the resignation offer, was being done in their best interests.
In communications about the program, the administration gave confusing answers about the terms of the offer. An email to employees indicated that those who took the deal would not have to return to the office and would be paid regardless of their “daily workload”; a memo to agency heads said that those who took the offer should be placed on paid administrative leave, but gave agencies the right to ask them to work through the transition; a question-and-answer page published by the Office of Personnel Management said that employees would not have to work.
An X account for the new Department of Government Efficiency, which is helping oversee the administration’s work force overhaul, was even more pointed.
“Can take the vacation you always wanted, or just watch movies and chill, while receiving your full government pay and benefits,” a post said.
Doreen Greenwald, the national president of the National Treasury Employees Union, which represents about 150,000 federal workers across 37 agencies, urged members not to take the offer. “Without any understanding of why this was offered to employees, without any guarantees in writing to employees, there is no way we would ever recommend an employee resign,” she said.
Union leaders, elected officials and labor lawyers say the offer may not even be legal, in part because it circumvents individual agency discretion and union agreements already in place. Some have said that the personnel office likely does not have the authority to make such offers. Moreover, it does not currently have the funding to back up the offer since the government is only funded through mid-March.
Beyond these questions, Kristin Alden, a lawyer specializing in federal employment issues, said “there isn’t really a mechanism to enforce” the terms of the offer.
The situation left hundreds of thousands of anxious and confused federal employees, already buffeted by a fusillade of orders over the past few days, with serious decisions to make and sparse information.
Some workers saw the offer as a small victory, a way to make the next few months less precarious as they looked for other jobs. This view was echoed by Republican lawmakers.
“I’m excited,” said Representative Joe Wilson, whose district in South Carolina includes a sizable contingent of federal workers. “I think that’s a really positive way to address this issue. There legitimately have been people who have not returned to the office, and this is a great way for them to exit.”
But many federal workers, even those who had been planning to leave, were deeply skeptical.
“I do not trust it one bit,” said an employee at the Energy Department whose partner is also a federal employee. The offer, if anything, convinced her to stick around longer. “I’m not going to make it easy for you,” she said.
Beyond the proposed “deferred resignation” plan itself, the email to federal workers announcing the proposal also declared that, going forward, employees would be “subject to enhanced standards of suitability and conduct.” Some federal workers saw this as a sign that the administration would be looking closely for any possible reason to fire workers who did not willingly quit.
For Mr. Trump’s supporters, a culling of the federal bureaucracy has been long overdue. And many see the administration as being more than generous in the way it is helping bring such an exodus about.
“I think it’s great,” said Senator Markwayne Mullin of Oklahoma, which is home to around 40,000 federal civilian workers. “I mean, if they don’t want to come back to work, and they’re looking for an exit, then exit.”
Reporting was contributed by Rebecca Davis O’Brien, Devlin Barrett, Reyes Mata III and Catie Edmondson.
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Small aircraft crashes near Washington DC airport – BBC.com
Small aircraft crashes near Washington DC airport – BBC.com
Small aircraft crashes near Washington DC airport BBC.comAmerican Airlines Flight collides with ****** Hawk helicopter near Reagan airport Hindustan TimesLive updates: Plane ****** near Washington, DC; Reagan National Airport takeoffs and landings halted CNNLive updates: Plane crashes into Potomac River near Reagan National Airport NBC Washington
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Glenn Martens, the Diesel Designer, Named Creative Director at Maison Margiela
Glenn Martens, the Diesel Designer, Named Creative Director at Maison Margiela
At least one of the fashion industry’s great open questions has been answered.
On Wednesday morning, hours after the men’s fall fashion shows concluded in Paris, the Belgian designer Glenn Martens was named creative director of Maison Margiela, replacing John Galliano, the illustrious couturier who bowed out of the brand in December.
Mr. Martens is far from a fresh face at Only the Brave Group, the corporation that has owned the Margiela label since 2002. In 2020, Mr. Martens was named creative director at Diesel, the specialty denim label that the OTB founder Renzo Rosso established in 1978.
Mr. Martens will remain in that position, becoming the rare designer doing double duty as the creative director at two separate companies.
“I have worked with Glenn for years, I have witnessed his talent, and I know what he is capable of,” Mr. Rosso said in a news release, which noted that Mr. Martens will begin at Margiela immediately, though it is unclear when he will stage his first runway show.
“I feel extremely honored to join the amazing Maison Margiela, a truly unique house that has been inspiring the world for decades,” Mr. Martens said in the release.
The designer, 41, erupted onto the scene in the mid-aughts as the designer of Y/Project, a cultish French label. There, Mr. Martens proved to be a deft hand at reimagining fixed notions of form — and perhaps, good taste. He created pants that dipped at the top, forming a Y shape that flashed the upper groin; jackets affixed with too many sleeves; and ginormous denim boots that pooled like the wavy lines of a static-y television. When Mr. Martens designed a pair of denim panties that looked like a light blue diaper, he showed that he was a maestro of minting viral moments. Under Mr. Martens’s tutelage, Y/Project won the ANDAM fashion prize in 2017 and 2020.
That attention helped Mr. Martens hop to Diesel. Five years ago, Diesel wasn’t quite setting the fashion world on fire. Many in the industry brushed it off as a behind-the-times rock ’n’ roll jeans label. Once at the brand, though, Mr. Martens demonstrated that he is a Michaelangelo of denim, triggering a wave of new shoppers and glowing press.
He made twisted jeans, jeans printed with trompe l’oeil fake outs and jeans that were nearly translucent. He specialized in washes, trotting out jeans in inky ******, dusty gray and desert tan. He spliced jeans until they were as porous as cheesecloth and shaped them into the shaggy texture of a komondor.
He notched commercial wins with logoed handbags, leather jackets and belt buckles, channeling a Y2K style that was catnip to millennial and Gen-Z shoppers. Mr. Martens had a democratic touch at Diesel: One of his runway shows was staged in front of about 5,000 guests, including some 2,000 members of the public. Far from a fashion-world snob, Mr. Martens also knew how to wink at his audience, as when Diesel collaborated with the ******* maker Durex.
Mr. Martens left Y/Project last year, and the label foundered without him. It shuttered in January.
Mr. Martens couldn’t have larger shoes to fill at Margiela. Mr. Galliano was a veteran of Dior and Givenchy, and, despite a controversial past, he remains a consensus genius in the fashion world. He spun Margiela, a brand staked on a distilled minimalism under its founder Martin Margiela, into something decidedly more fanciful. Mr. Galliano’s Artisanal couture shows were a callback to fashion’s more intimate yet theatrical ’80s and ’90s. On the runway, he played with bodily manipulation, draped textiles as if they were cotton candy fluff and brought his particular brand of baroque elegance back to the fashion stage.
It would be a safe bet that Mr. Martens will steer Margiela in a more grounded direction. Unlike Mr. Galliano, who turned away from the fashion press, Mr. Martens is a game interview subject. He is known to dress in a studiously humble uniform: jeans, dark sweaters, ball caps. He is also, of course, a wizard of that most egalitarian fabric, denim.
Mr. Martens shares much with Mr. Margiela. Two Belgians, they each graduated from the Royal Academy of Fine Arts in Antwerp and began their careers working for Jean Paul Gaultier.
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Evacuations Are Ordered as Wildfire Breaks Out in Western North Carolina
Evacuations Are Ordered as Wildfire Breaks Out in Western North Carolina
Officials ordered evacuations as a major brush fire broke out on Wednesday in a rural area in McDowell County, N.C., that has now burned about 250 acres.
The Crooked Creek fire is threatening the nearby town of Old Fort, N.C., a small Western North Carolina community about 25 miles from Asheville. High winds and dry conditions are pushing the fire farther. As of Wednesday afternoon, the fire was 15 percent contained, according to McDowell County’s emergency services on Wednesday evening.
The wildfire strikes an inland region of North Carolina that is still recovering from the damage wrought by Hurricane Helene in September. Huge plumes of smoke are visible as they rise from Crooked Creek between the hills. WFMY News 2, a regional broadcaster, reported that the smoke had grown so large it was visible on radar.
“Firefighters continue to focus on structure protection for multiple homes in the area and continue work on establishing fire-containment lines,” the county said in an emergency alert. “Emergency services are urging residents in the affected areas to adhere to evacuation orders to ensure their safety.”
The county said that the fire was caused by a tree falling onto a power line. Some Old Fort residents have reported power outages and limited cell service. Several outbuildings have been destroyed by the flames, but no injuries have been reported. First ******** Church in Old Fort is serving as a shelter for displaced residents.
Deborah Jarrell, a 67-year-old who runs a campground in Old Fort, said that her house is near the evacuation zone. In 1986, her house in the area was razed by a wildfire.
“I’m in a log home, I’m on top of a mountain, and I don’t have any water,” Ms. Jarrell said. “I’ve unloaded my safe, my guns, my equipment. I don’t know what else I can do but pray.”
Her daughter Loraine Jarrell, 39, rushed to check on her sister who lives on a different mountain when she heard in the afternoon about a raging fire.
“Her whole yard is filled with smoke,” she said.
Before the fire broke out, the North Carolina Forest Service said on social media that the risk of fire was high on Wednesday.
“With low relative humidity, wind gusts and dry fuels, fire danger is expected to be high across the Piedmont, Foothills and Mountains,” the agency said, adding that conditions are expected to improve in the evening.
High winds expanding the fire’s reach are expected to taper off tonight but there is potential for more gusts on Friday. The Forest Service recommended that residents refrain from outdoor burning, such as campfires and fires for cooking. The Appalachian area is host to several hiking trails.
Amy Davis, who helped lead Old Fort’s recovery efforts after Hurricane Helene, said the wildfire has complicated storm relief efforts.
“We’re still in the middle of many distribution projects,” Ms. Davis, a 49-year-old country store owner, said. “We kind of have been forgotten after Helene.”
Ms. Davis has fuel tanks on her farm endangered by the fire that she was distributing to residents in need after Helene. But, she said, she had to move them into town or the fire would have put them at risk.
Two more wildfires broke out in Marion, the county seat. There is no evacuation order for the city, but officials have instructed residents to stay away.
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BREAKING: Aircraft Crashes in Fireball Near Washington’s Reagan Airport
BREAKING: Aircraft Crashes in Fireball Near Washington’s Reagan Airport
ARLINGTON, Va. (AP) – An aircraft went down near Ronald Reagan National Airport on Wednesday night, and all takeoffs and landings have been halted, according to the airport and law enforcement.
Multiple helicopters, including those from the U.S. Park Police and the D.C. Metropolitan Police Department and U.S. military, were flying over the scene of the incident in the Potomac River. D.C. Fire and EMS said on X that fireboats were on the scene.
Washington, D.C., police said on the social platform X that multiple agencies are conducting a search and rescue effort in the Potomac River after an aircraft ******.
Video from an observation camera at the nearby Kennedy Center shows two sets of lights consistent with aircraft appearing to join in a fireball.
Webcam at the Kennedy Center caught an explosion mid-air across the Potomac. pic.twitter.com/HInYdhBYs5
— Alejandro Alvarez (@aletweetsnews) January 30, 2025
The airport said emergency personnel were responding to “an aircraft incident on the airfield.”
No other details were immediately available.
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Sydney set to host 2027 Rugby World Cup final
Sydney set to host 2027 Rugby World Cup final
Sydney’s Olympic Stadium is set to host the final of the 2027 Rugby World Cup, 24 years after the Wallabies’ last-gasp loss to England at the same venue.
World Rugby bosses on Thursday unveiled the seven host cities for the expanded 24-team tournament which will run from October 1 to November 13.
Among the notable inclusions is Melbourne, which will host nine games, including two round-of-16 matches, with the potential for those fixtures to take place at the MCG.
Melbourne’s success in winning hosting rights comes despite concerns Victoria would not host any games as a result of the fallout that stemmed from the collapse of Super Rugby’s Melbourne Rebels.
Brisbane will host two of the quarter-finals, while regional areas such as Townsville and Newcastle will take in pool games.
Perth and Adelaide have also won games but Canberra, home of Super Rugby’s ACT Brumbies, was not successful.
Sydney dominated Thursday’s announcement with the Harbour city winning five pool matches, two round of 16 matches, two quarter-finals, two semi-finals, the bronze final and the World Cup final.
“Rugby World Cup is among the planet’s biggest sporting events and Australia is incredibly excited to welcome the world to the 2027 edition,” said RA chief executive Phil Waugh.
“Australia has a rich history of hosting major tournaments — indeed, we co-hosted the first ever Rugby World Cup almost 40 years ago and I have no doubt this event will captivate and enthral the hundreds of thousands attending in-stadium and the hundreds of millions viewing around the world.”
RWC 2027 HOST CITIES MATCH ALLOCATION:
Adelaide – five pool matches
Brisbane – six pool matches, two round of 16 matches, two quarter-finals
Melbourne – seven pool matches, two round of 16 matches
Newcastle – four pool matches
Perth – five pool matches (including the opening match), two round of 16 matches
Sydney – five pool matches, two round of 16 matches, two quarter-finals, two semi-finals, the bronze final and the RWC final.
Townsville – four pool matches
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Aerospace analysts are guardedly hopeful about Boeing’s path forward
Aerospace analysts are guardedly hopeful about Boeing’s path forward
By Dan Catchpole
SEATTLE – CEO Kelly Ortberg took over at Boeing knowing that the company was in trouble. Those troubles added up to an $11.8 billion loss last year, the company reported on Tuesday.
However, during its earnings call and interviews with Reuters and other news outlets, Ortberg indicated the worst is behind Boeing. He said its commercial airplane division is fixing lingering production problems and expects to ramp up production of its most popular jet, the 737 MAX, to 38 per month later this year, with further increases to follow, pending federal regulators’ approval.
A hopeful “show-me” was the reaction from half a dozen industry analysts.
There are reasons for optimism, said Gautam Khanna, an aerospace analyst with TD Cowen. Since Ortberg took the reins in early August, Boeing appears to be taking a more deliberate approach to solving production problems by slowing down now in order to avoid getting derailed when output speeds up later.
As of Tuesday, Boeing had delivered 33 737 MAX jets in January, company CFO Brian West said on the earnings call. That was well above its pace in prior months.
Boeing’s stock is up 2.8% since Ortberg started on Aug. 8. It jumped after Boeing released earnings results, but gave back some gains on Wednesday.
Even if Ortberg delivers on the goals he laid out, Khanna said, whatever he says now is haunted by his predecessors’ bullish assurances that proved hollow: James McNerney on 787 delays and cost overruns; Dennis Muilenburg and the 737 MAX crashes; and David Calhoun on supply chain and production quality problems.
“Everyone’s scarred from the history,” he said.
SKEPTICAL SUPPLIERS
Suppliers, especially, have been hurt by investing for rate increases that did not come through. Many are wary of investing now and ending up financially vulnerable.
“A lot of people are holding on to their funds,” Independent Forge president Andrew Flores said. The company in Orange County, California, supplies aluminum parts for the 737 MAX.
“I see light at the end of the tunnel, but it’s a long tunnel,” he said.
For the business to improve, suppliers need to trust that Boeing will make good on ramping up production and invest in capacity.
“The guys in the middle want to trust (Ortberg), because if Boeing improves, their business improves,” said Phil Gibbs, an analyst with KeyBanc Capital Markets.
A problem for Ortberg: at the moment, suppliers are making their own decisions, the head of a Boeing supplier said. He spoke on the condition of anonymity out of concern of retribution.
Story Continues
After a 53-day strike shut down almost all Boeing airplane production last year, “it’s easy to be optimistic in a relative sense: The strike is over and production is ramping up,” said Richard Aboulafia, an analyst with AeroDynamic Advisory.
However, increasing production “is not the same as returning the company to a positive strategic direction,” Aboulafia said. He pointed to management-employee relations during Ortberg’s brief tenure.
Boeing endured “a 53-day strike that should have been settled in 53 hours,” and Boeing engineers’ union is investigating allegations that the company is using the reductions to move work to non-union areas, Aboulafia said.
Ultimately, “the path (to increase jetliner production) is there, and the market is with them,” Aboulafia said. “The market wants its jets.”
(Reporting by Dan Catchpole, Editing by Nick Zieminski)
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Mona Lisa to get own gallery at the Louvre as part of $800 upgrade – New York Post
Mona Lisa to get own gallery at the Louvre as part of $800 upgrade – New York Post
Mona Lisa to get own gallery at the Louvre as part of $800 upgrade New York Post ‘We won’t come again’: dazed visitors fed up with overcrowded Louvre The GuardianFrench president calls for a ‘new renaissance’ of the Louvre Art Newspaper
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Liberal rumours of South Coast Marine Park expansion to Albany labelled as fearmongering by Premier Roger Cook
Liberal rumours of South Coast Marine Park expansion to Albany labelled as fearmongering by Premier Roger Cook
Political waters are churning in Albany as the Premier denies his party has plans to install a marine park from Bremer Bay to Augusta, lashing the Liberal politicians who have suggested otherwise.
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Aircraft down in Potomac River; Reagan National Airport closed
Aircraft down in Potomac River; Reagan National Airport closed
Travelers wearing protective masks walk through Ronald Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Tuesday, May 25, 2021.
Stefani Reynolds | Bloomberg | Getty Images
An aircraft went down in the Potomac River, local emergency officials said Wednesday evening.
Washington D.C.’s Reagan National Airport closed due to the “emergency,” according to a Federal Aviation Administration notice.
“Confirmed small aircraft down in Potomac River vicinity Reagan National Airport. Fireboats on scene,” said Washington D.C.’s fire and emergency services department on X.
This is breaking news. Please check back for updates.
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Reagan National Airport closed due to 'aircraft emergency' – ABC News
Reagan National Airport closed due to 'aircraft emergency' – ABC News
Reagan National Airport closed due to ‘aircraft emergency’ ABC NewsGround stop in effect at Reagan National Airport after small aircraft crashes into Potomac River WTOPAll flights halted at Reagan National Airport due to plane ****** WUSA9.comAircraft down on Potomac River NBC WashingtonSmall aircraft crashes near Reagan National Airport, fireboats respond FOX 5 DC
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New Kia Seltos coming in 2026 with hybrid power
New Kia Seltos coming in 2026 with hybrid power
The Kia Seltos will get a fresh look for its next generation in 2026, when the popular small SUV will offer hybrid power for the first time.
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Tesla reports $600 million profit boon from digital assets rule change
Tesla reports $600 million profit boon from digital assets rule change
Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024.
Joe Skipper | Reuters
Tesla‘s bitcoin holdings led to a big pop in reported net income for the fourth quarter because of a new rule change in how companies account for digital assets.
After showing a carrying value of $184 million in digital assets for the prior four quarters, the number suddenly jumped to $1.08 billion in the December *******, Tesla reported in its earnings release on Wednesday.
The increase followed a recent policy change from the Financial Accounting Standards Board, which mandates that corporate digital asset holdings be marked to market each quarter starting at the beginning of 2025. Before the FASB rule change, companies owning bitcoin had to report their holdings at the lowest value recorded during their ownership, regardless of any subsequent price gain.
Tesla said in its earnings deck that the change resulted in an earnings per share boost of 68 cents in the quarter, and CFO Vaibhav Taneja noted on the earnings call that the net income increase was $600 million.
“It’s important to point out that the net income in Q4 was impacted by a $600 million mark-to-market benefit from bitcoin due to the adoption of a new accounting standard for digital assets,” Taneja said.
At the end of the third quarter, Tesla’s bitcoin holdings were recorded at a carrying value of $184 million, though their fair market value was significantly higher at $729 million. That means the actual increase in the value of its holdings in the ******* was about $347 million, reflecting bitcoin’s fourth-quarter rally.
Much of the recent gain in bitcoin is tied to optimism surrounding the second Trump administration, which was heavily backed by the crypto industry. Tesla CEO Elon Musk was Trump’s biggest financial supporter and is now a top adviser in the White House. Longtime Musk ally David Sacks was tapped by Trump to the be the White House AI and crypto czar.
Bitcoin tracking website Bitcoin Treasuries ranks Tesla as the sixth-biggest holder of bitcoin among public companies.
Tesla’s fourth-quarter earnings and revenue fell short of analysts’ expectations on Wednesday as auto revenue dropped 8% from a year earlier, yet the stock climbed in after-hours trading.
— CNBC’S Lora Kolodny contributed to this report.
WATCH: Trump Media expands into financial services
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Aircraft down in Potomic River; Reagan National Airport closed
Aircraft down in Potomic River; Reagan National Airport closed
Travelers wearing protective masks walk through Ronald Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Tuesday, May 25, 2021.
Stefani Reynolds | Bloomberg | Getty Images
An aircraft went down in the Potomic River, local emergency officials said Wednesday evening.
Washington D.C.’s Reagan National Airport closed due to the “emergency,” according to a Federal Aviation Administration notice.
“Confirmed small aircraft down in Potomac River vicinity Reagan National Airport. Fireboats on scene,” said Washington D.C.’s fire and emergency services department on X.
This is breaking news. Please check back for updates.
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Are we all aliens? NASA’s returned asteroid samples hold the ingredients of life from a watery world
Are we all aliens? NASA’s returned asteroid samples hold the ingredients of life from a watery world
CAPE CANAVERAL, Fla. (AP) — Asteroid samples fetched by NASA hold not only the pristine building blocks for life but also the salty remains of an ancient water world, scientists reported Wednesday.
The findings provide the strongest evidence yet that asteroids may have planted the seeds of life on Earth and that these ingredients were mingling with water almost right from the start.
“That’s the kind of environment that could have been essential to the steps that lead from elements to life,” said the Smithsonian Institution’s Tim McCoy, one of the lead study authors.
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NASA’s Osiris-Rex spacecraft returned 122 grams (4 ounces) of dust and pebbles from the near-Earth asteroid Bennu, delivering the sample canister to the Utah desert in 2023 before swooping off after another space rock. It remains the biggest cosmic haul from beyond the moon. The two previous asteroid sample missions, by Japan, yielded considerably less material.
Small amounts of Bennu’s precious ****** grains — leftovers from the solar system’s formation 4.5 billion years ago — were doled out to the two separate research teams whose studies appeared in the journals Nature and Nature Astronomy. But it was more than enough to tease out the sodium-rich minerals and confirm the presence of amino acids, nitrogen in the form of ammonia and even parts of the genetic code.
Some if not all of the delicate salts found at Bennu — similar to what’s in the dry lakebeds of California’s Mojave Desert and Africa’s Sahara — would be stripped away if present in falling meteorites.
“This discovery was only possible by analyzing samples that were collected directly from the asteroid then carefully preserved back on Earth,” the Institute of Science Tokyo’s Yasuhito Sekine, who was not involved in the studies, said in an accompanying editorial.
Combining the ingredients of life with an environment of sodium-rich salt water, or brines, “that’s really the pathway to life,” said McCoy, the National Museum of Natural History’s curator of meteorites. “These processes probably occurred much earlier and were much more widespread than we had thought before.”
NASA’s Daniel Glavin said one of the biggest surprises was the relatively high abundance of nitrogen, including ammonia. While all of the organic molecules found in the Bennu samples have been identified before in meteorites, Glavin said the ones from Bennu are valid — “real extraterrestrial organic material formed in space and not a result of contamination from Earth.”
Bennu — a rubble pile just one-third of a mile (one-half of a kilometer) across — was originally part of a much larger asteroid that got clobbered by other space rocks. The latest results suggest this parent body had an extensive underground network of lakes or even oceans, and that the water evaporated away, leaving behind the salty clues.
Sixty labs around the world are analyzing bits of Bennu as part of initial studies, said the University of Arizona’s Dante Lauretta, the mission’s chief scientist who took part in both studies.
Most of the $1 billion mission’s cache has been set aside for future analysis. Scientists stress more testing is needed to better understand the Bennu samples, as well as more asteroid and comet sample returns. China plans to launch an asteroid sample return mission this year.
Many are pushing for a mission to collect rocks and dirt from the potentially waterlogged dwarf planet Ceres in the main asteroid belt. Jupiter’s moon Europa and Saturn’s moon Enceladus also beckon as enticing water worlds. Meanwhile, NASA has core samples awaiting pickup at Mars, but their delivery is on hold while the space agency studies the quickest and cheapest way to get them here.
“Are we alone?” McCoy said. “That’s one of the questions we’re trying to answer.”
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.
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Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump – The Associated Press
Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump – The Associated Press
Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump The Associated PressFed hits pause on interest rate cuts amid Trump’s flurry of economic plans CNNFed Stands Pat on Rates, Entering New Wait-and-See Phase The Wall Street JournalFederal Reserve Pauses Interest Rate Cuts—First Meeting Without A Cut Since July ForbesHere’s what changed in the new Fed statement CNBC
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Small aircraft crashes near Washington DC airport
Small aircraft crashes near Washington DC airport
A small aircraft has crashed near Washington DC’s Ronald Reagan National Airport, according to local officials.
It came down in the Potomac River, officials said, and search and rescue boats have been deployed to the area.
Takeoffs and landings have been halted at the airport as emergency personnel respond to the incident, the airport wrote in a post on X.
It is not yet clear what caused the ******.
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Ryles turns to Moses in post-Gutherson Eels era
Ryles turns to Moses in post-Gutherson Eels era
Mitch Moses has been tasked with leading Parramatta’s NRL resurgence under new coach Jason Ryles after replacing the departed Clint Gutherson as captain.
The NSW and *********** halfback was on Thursday announced as the Eels’ new skipper, with Junior Paulo, J’maine Hopgood, and Jack Williams all part of their 2025 leadership group.
Long-term leader Gutherson has shifted to St George Illawarra, where he has been named a co-captain alongside Damien Cook.
Moses, a Parramatta junior, returned to the club from Wests Tigers in 2017.
“I am incredibly proud and honoured to be named captain,” he said.
“This club means so much to me, and it’s a privilege to lead this group of players.”
The Eels finished 15th with a 7-17 record last season.
“Mitch has shown strong leadership qualities both on and off the field, and I believe he is ready to lead our club into the future,” new coach Ryles said.
“With the support of our leadership group, I’m confident he will continue to grow as a leader.”
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3 Housing Markets That Will Have Massive Price Drops in Early 2025
3 Housing Markets That Will Have Massive Price Drops in Early 2025
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The housing market has cooled off since the pandemic drove demand for homes to levels far beyond what inventory could meet. While prices are still rising slowing in much of the country, they’re already falling in some markets, and other markets are likely to see declines.
Read More: 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years
Check Out: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too
In its recent housing market forecast for 2025, based on growth forecasts from October 2024 to October 2025, Zillow identified three metropolitan markets where prices are expected to decline the most this year.
Also find out the best places to buy a home if you want it to gain value.
Median ***** price: $290,833
One-year change in average value: -4.6%
Predicted price decline in 2025: 3.8%
New Orleans tops Zillow’s list of metros where prices are poised to fall. As of December 2024, prices were up 6.8% and the number of homes sold grew by 5.9% compared to the previous year, according to Redfin data.
Homes are also selling faster than last year. However, the number of homes with price drops grew nearly 7% in 2024, and slightly fewer homes are selling for more than list price. More importantly, average home values are down a significant 4.6%. That could signal a market shift more favorable to buyers.
Trending Now: 5 Cities Where Homes Will Be a Total Steal in 2 Years
Median ***** price: $1,367,667
One-year change in average value: +1.4%
Predicted price decline in 2025: 2.3%
Zillow predicts that San Francisco housing prices will drop by 2.3% this year. Median listing prices had already fallen 10.9% year over year as of December 2024, according to Realtor.com’s December 2024 Monthly Housing Market Trends Report.
But data from Redfin shows that more are selling above list price compared to a year ago, even as this market sees more homes with price drops. That suggests sellers’ expectations are aligning better with the realities of what was an overheated market. It’s just a matter of time before buyers catch up.
Median ***** price: $555,833
One-year change in average value: -3.8%
Predicted price decline: 0.04%
The Austin real estate market saw massive gains in 2020 through 2022. And as of Nov. 30, 2024, home prices were still inching up, despite a 3.8% one-year decline in value, per the Zillow Home Value Index.
And while the number of sales is also up, so is the number of days on market, which means homes are taking longer to sell. Redfin rates the level of competition for homes a 25 out of 100, which equates to a “Not Very Competitive” Redfin Compete Score. Low competition means low demand, which naturally drives prices down.
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Five additional markets have a “very high” probability of price drops based on the CoreLogic Market Risk Indicator, which measures the “overall health” of U.S. housing markets.
Prove-Orem, Utah
Albuquerque, New Mexico
Tucson, Arizona
Phoenix-Mesa-Scottsdale, Arizona
Punta Gorda, Florida
Each of these markets has a more than 70% probability of a decline, according to CoreLogic’s analysis. The analysis has a 50% to 75% confidence score.
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This article originally appeared on GOBankingRates.com: 3 Housing Markets That Will Have Massive Price Drops in Early 2025
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A$AP Rocky watches as accuser testifies rapper shot at him in Hollywood: "Looked like a movie" – CBS News
A$AP Rocky watches as accuser testifies rapper shot at him in Hollywood: "Looked like a movie" – CBS News
A$AP Rocky watches as accuser testifies rapper shot at him in Hollywood: “Looked like a movie” CBS NewsWhat to know about the A$AP Rocky trial The Washington PostA$AP Rocky exits court for the day after accuser testifies about alleged shooting The Associated PressRihanna and A$AP Rocky Step Out for Date Night in Los Angeles amid Rapper’s Assault Trial PEOPLE
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