A woman crosses Wall StreetMomo Takahashi/BIAuto parts company First Brands shocked Wall Street when it filed for bankruptcy last year.Now, federal prosecutors have charged founder Patrick James and his brother with bank fraud.Jefferies and UBS are among the financial firms with exposure to First Brands.The founder of an auto parts company whose bankruptcy rattled Wall …
Dimko Zhluktenko broke down what he carried as a drone operator, picking everything of use and quality so it didn't get too heavy.Dimko ZhluktenkoA Ukrainian soldier, until recently a drone operator, shared the gear he carried for the role.His kit included an anti-drone net gun, "tactical Crocs," zip ties, medicine, weapons, and tech.The job requires …
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 …
