Author: Editor-In-Chief
SpaceX founder Elon Musk speaks to members of the media during a press conference announcing the new development of the reusable Crew Dragon spacecraft at SpaceX headquarters in Hawthorne, California, October 10, 2019.Philip Pacheco | AFP | Getty ImagesIt’s been a tough week for Elon Musk.tesla The stock has fallen 18% this week, closing at $313.03 on Friday, its worst weekly decline since 2022. SpaceX also continued its slide, dropping 7.2% in five days to close Friday at $115.07, its lowest since the company’s record initial public offering last month.The drop in both stocks wiped out about $130 billion of…
In Friday’s lawsuit, two small and medium-sized companies said the latest tariffs on 60 countries need to be legally justified.Published July 24, 2026July 24, 2026Two U.S. small businesses are challenging President Donald Trump’s latest tariffs on products from 60 trading partners, arguing that the new policy, like most of Trump’s previous tariffs, exceeds the president’s authority to tax imports.The lawsuit, filed Friday in U.S. Trade Court in New York, argues that more detailed country-by-country findings on “forced labor” are needed for new tariffs to be legally justified.Recommended stories list of 3 itemsend of listThe two small businesses, backed by a…
Poke, the AI assistant that lets you text like a friend, is the next big thing. The California-based Interaction Company, which powers the assistant, was acquired by AI coding startup Cognition, valuing it in the “low nine digits.” The deal brings Poke’s interaction model and personality to Devin, Cognition’s coding assistant. Meanwhile, Poke will leverage Cognition’s models and infrastructure to be faster and more reliable, Cognition said. What’s interesting about Poke for consumers, and now for acquirers, is how it responds to user requests. Rather than acting like a tool, Poke Chat is more user-friendly, responding like a friend and…
Gasoline prices are rising again due to the rapid escalation of the Iran war. And as Americans look for ways to save money on gas, many are turning to Costco gas stations for cheaper fuel.Costco’s gasoline demand reached record levels in the quarter that ended May 10, but the company did not disclose sales figures in its third-quarter earnings release. Some warehouses required multiple fuel deliveries each day to meet demand, and the last five weeks of the quarter were the busiest weeks in Costco’s history, CEO Ron Vacris said on a conference call.”We’re seeing very strong demand for Costco…
U.S. President Donald Trump speaks during a presentation on U.S. nuclear innovation in the Oval Office of the White House on July 24, 2026 in Washington, DC. Eric Lee | Getty ImagesPresident Donald Trump on Friday defended the Justice Department’s subpoenas to New York Times reporters. google He also received a subpoena in the same criminal investigation into leaking information about the president’s new Air Force One plane.President Trump’s comments about the subpoena came a day after the Justice Department notified a New York federal judge that it was withdrawing a subpoena seeking grand jury testimony and phone records from…
A customer buys cilantro at a Walmart Supercenter on July 23, 2026 in Austin, Texas.Brandon Bell | Getty ImagesThe Centers for Disease Control and Prevention announced Friday that the nation’s largest outbreak of cyclosporiasis linked to shredded iceberg lettuce has spread to nine states.The newly aligned states of Illinois, Kansas, Oklahoma and Pennsylvania will join Indiana, Kentucky, Ohio, West Virginia and hard-hit Michigan. Cyclospora is a microscopic parasite that causes cyclosporiasis, a gastrointestinal disease that usually infects people through contaminated food or water and causes symptoms such as severe diarrhea. No deaths related to the parasite have been recorded this…
Alphabet CEO Sundar Pichai, Microsoft CEO Satya Nadella, Amazon CEO Andy Jassy, and Meta CEO Mark Zuckerberg.Damien Lemanski | David Ryder Bloomberg | Getty Images | CNBC | Manuel Orbegoso | ReutersThe multitrillion-dollar annual race to build artificial intelligence infrastructure is eroding free cash flow and increasing balance sheet risk for so-called hyperscalers, Moody’s Ratings has warned.Moody’s said in a research note published this week that even the world’s most cash-rich companies are facing a surge in spending. alphabet and microsoft They rely heavily on debt, stock sales, and off-balance sheet investments to fund their AI ambitions.”These companies have historically…
Midjourney, an AI lab best known for its LLM-powered image and video generator, has acquired social astrology app Co-Star, according to Bloomberg. Terms of the deal were not disclosed. Co-Star reportedly has around 4.3 million monthly active users and is primarily used to determine astrological birth charts, which can be shared with other friends on the app. Co-Star uses both AI and humans to create horoscopes, compatibility ratings, and other advice based on users’ astrological information. Midjourney seems to be casting a wide net when it comes to its product lineup. The company seems to be largely synonymous with Discord…
Here are some companies that are making headlines in intraday trading. Data Center Infrastructure — Investors exited stocks of companies involved in the data center infrastructure industry as concerns over hyperscalers’ spending on artificial intelligence continued. Specialty glass and fiber company Corning’s stock fell 3%, and photonics companies Coherent and Lumentum each fell about 7%. Shares of GE Vernova, Eaton, and Defiance AI & Power Infrastructure ETF (AIPO) all fell more than 1%. Tesla — Shares of Elon Musk’s electric car company fell for a third straight day, dropping more than 3% on Friday. Tesla stock is expected to fall…
President Donald Trump said Friday that his administration would launch a trade investigation into the European Union, rescinding steep fines imposed on U.S. tech giants and likely imposing “substantial” tariffs on 27 member countries.In a lengthy post on Truth Social, President Trump was outraged by the recent $1 billion fine imposed by the European Union, accusing it of “‘robbing’ American companies and, in turn, ‘robbing’ American taxpayers.” google The company is said to have given priority to its own services in search engines.”The European Union is once again taking direct aim at great American companies, as always!” Trump also slammed…