Author: elonmusk
Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter as quarterly comparable sales rose.Shares ticked down over 1% in extended trading on Thursday evening.Here’s how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16, based on a survey of analysts by LSEG:Earnings per share: $4.02 vs. $4.11 expectedRevenue: $63.72 billion vs. $63.13 billion expectedCostco CEO Ron Vachris said although it’s difficult to forecast the impact of tariffs, the company aims to minimize cost increases for members. A third of its U.S. sales are from imports, he said, and less…
NORMAN, Okla. (AP) — In tribal nations across the United States, leaders are scrambling to respond to a directive from President Donald Trump and Elon Musk to close more than a quarter of Bureau of Indian Affairs offices, which provide vital services to Indigenous communities.Trump and Musk are calling on the General Services Administration, or GSA, to begin terminating leases on all of the roughly 7,500 federal offices nationwide, including 25 regional offices of the BIA. Those offices fulfill a wide variety of rights the U.S. owes to tribal nations, and some leaders and legal experts are worried the potential…
President Donald Trump on Thursday said he’s ordered all of his Cabinet secretaries to work with the Department of Government Efficiency (DOGE) and to use a “scalpel” when deciding which workers will remain in their jobs. In a post on his Truth Social platform, Trump said the Elon Musk-led group has “been an incredible success.””And now that we have my Cabinet in place, I have instructed the Secretaries and Leadership to work with DOGE on Cost Cutting measures and Staffing,” he wrote. “As the Secretaries learn about, and understand, the people working for the various Departments, they can be very precise…
Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The…
Este artículo también está disponible en español. Bitcoin is currently trading at $90,800 after a strong 13% rebound from the $81,000 level, as bulls attempt to regain control of price action. After days of volatility and uncertainty, Bitcoin’s recovery has renewed optimism in the market, but traders remain cautious as BTC faces key resistance levels. Related Reading All eyes are now on Friday’s President Trump Crypto Summit, where he is expected to announce a definitive plan for the U.S. Strategic Crypto Reserve. This event could have a major impact on Bitcoin’s trajectory, as regulatory clarity and institutional involvement could drive…
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty ImagesGap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better – and faster – than Wall Street anticipated. Shares jumped 17% in extended trading Thursday.The apparel retailer behind Old Navy, Banana Republic, Athleta and its namesake banner beat expectations on the top and bottom lines during the all-important holiday quarter and saw comparable sales grow 3%, ahead of expectations of up 1%, according…
CNN’s Harry Enten was surprised by “shocking” poll data showing that a majority of Americans support Elon Musk’s DOGE spending cuts to the federal government on Thursday.According to the CBS/YouGov poll, 54% believe that Musk and Doge should have at least some influence over government spending and operations.After weeks of anti-DOGE protests and pushback from Democrats, the CNN data reporter was shocked to see that the majority of Americans support DOGE’s efforts to cut government spending.”This, to me, was one of the more shocking figures that I saw. It made me go, ‘wait a minute, hold on one second! Whoa!’”…
Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The…
WASHINGTON — The second lunar lander mission by Intuitive Machines reached the surface of the moon March 6, but its status after landing was not clear.The Athena lander was scheduled to land around 12:32 p.m. Eastern on the IM-2 mission after performing a long braking burn, then changing orientation to perform a vertical landing. Telemetry displayed by the company on its webcast appeared to show the lander conducting that braking burn as expected, but closer to the landing time the telemetry appeared frozen or garbled, including at one point where it indicated the lander was several kilometers below the surface.For…
Este artículo también está disponible en español. Bitcoin took center stage again as Mt. Gox moved 12,000 BTC, valued at over $1 billion, to an unknown wallet. This occurs at a time when Bitcoin is trading at approximately $92,000, a level that has caused market volatility. The actions of the defunct exchange have sparked debate regarding whether this movement indicates imminent creditor repayments or something else entirely. Related Reading Large Bitcoin Transfer Raises Eyebrows Mt. Gox collapsed in 2014 following a major attack, and for years it has been in the process of reimbursing debtors. Regarding the trade, the movement…