Elon Musk has bet Tesla's future on autonomous vehicles and robotics.Harun Ozalp/Anadolu via Getty ImagesTesla's latest earnings sent a clear message: we're not a car company anymore.Elon Musk said Tesla would scrap its Model X and S EVs to free up factory space for its Optimus robot.Analysts said Tesla is transitioning away from "legacy products" …
Tesla CEO Elon Musk said the company will discontinue the Model S and X in the next quarter.Tayfun Coskun/Anadolu via Getty ImagesTesla CEO Elon Musk said the company will be discontinuing the Model S and X in the next quarter.The CEO said the goal is to focus on the company's "autonomous future."The Model S and …
Tesla reported Q4 adjusted earnings per share ahead of estimates, but revenue that trailed analysts' expectations. HANNIBAL HANSCHKE/ReutersTesla earnings are here — and they arrived with some surprise announcements.First, there was a $2 billion xAI investment. But the biggest surprise came when Elon Musk announced Tesla would discontinue the Model S and Model X entirely, …
Mary Barra, GM's CEO, boasted major gains in the company's subscription base.FREDERIC J. BROWN/AFP via Getty ImagesGeneral Motors said its in-vehicle tech services generated nearly $2 billion last year.GM sells three main subscription products: safety features, in-car internet access, and hands-free driver assistance.GM told Business Insider it plans to add features through updates over time, …
Jerome Powell, a particularly mild-mannered speaker, slammed recent attempts to intimidate his department.Li Yuanqing/Xinhua via Getty ImagesIt's the first Fed day of 2026, and Chair Jerome Powell is in the hot seat.Central bank leaders will announce their January interest rate decision at 2 p.m. ET. The meeting follows weeks of political pressure from the Trump …
OpenAI CEO Sam AltmanMandel Ngan/AFP/Getty ImagesOpenAI CEO Sam Altman privately criticized Immigration and Customs Enforcement in a message to employees."What's happening with ICE is going too far," Altman wrote in an internal Slack message.He also praised Trump's leadership and said he hoped the president could "unite the country" going forward.Being patriotic means you also need …
Justin Gaethje (right) defeated Paddy Pimblett in the inaugural UFC match on Paramount+.Chris Unger/Zuffa LLCParamount+ brought in about 1 million new customers on the day of its first UFC event, an exec told staffers.The event was the second most-streamed sporting event on Paramount+, this person said.Paramount previously announced that just under 5 million people streamed …
All flights were canceled at Reagan National Airport in Washington, DC, on Sunday.Celal Gunes/Anadolu via Getty ImagesAirlines and airports are beginning to recover from the weekend's storm.There were about 1,100 cancellations early Tuesday, fewer than at the same time on previous days.Flight schedules should be back on track on Wednesday, said Transportation Secretary Sean Duffy.Air …
An AI bubble burst might not crash the economy, says a research report by MRB Partners.Leah Millis/REUTERSMRB Partners published a report that contradicts the belief that AI is the main driver of GDP.Personal consumption remained the main GDP driver of 2025, not AI growth.Consumer spending remained robust in 2025, but that doesn't mean the US …
Nike is implementing its turnaround strategy across the company.Sheldon Cooper/SOPA Images/LightRocket via Getty ImagesNike plans to cut 775 jobs at its distribution centers in Tennessee and Mississippi.The layoffs aim to streamline operations amid supply chain and tech enhancements.Companies, including Amazon and HP, have cited tech advancements among the reasons for recent layoffs.Sportswear giant Nike is …
