Business

“Elon definitely snapped,” Jamel Bullock says, conveying a compliment of high praise, a cultural colloquialism. A Silverlake-based design creative who works in fashion and tech, Bullock bought a Model 3 a couple of months ago and considers it “the best car of all time.” Overall, he says, the diner experience is what LA needs and will make for a great …

Stockholm-based Lovable has hit over $100 million in annualized revenue in just eight months by using AI to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles. Oskar Munck af Rosenschöld never planned to be in show business. But over a fika (coffee break) in Stockholm, Sweden, a film producer friend pitched him …

Stargate moves forward despite early skepticism When OpenAI announced Stargate in January, critics questioned whether the company could deliver on its ambitious $500 billion funding promise. Trump ally and frequent Altman foe Elon Musk wrote on X that “They don’t actually have the money,” claiming that “SoftBank has well under $10B secured.” Tech writer and frequent OpenAI critic Ed Zitron …

U.S. Homes Are Not Selling, and Prices Continue to Rise  The New York Times June home sales drop as prices hit a record high  CNBC U.S. home sales fade in June as national median sales price hits an all-time high of $435,300  NBC News US existing home sales dip to 9-month low on high costs  Yahoo Finance US existing home sales hit nine-month low …

(Reuters) -Bank of America said on Wednesday its board has authorized a $40 billion stock repurchase program. The new buyback program, which will take effect on August 1, will replace the current authorization, which had about $9.1 billion in repurchases remaining as of June 30, the bank said. The biggest U.S. lenders have enough capital to withstand a hypothetical severe …

WASHINGTON (July 23, 2025) – Existing-home sales decreased by 2.7% in June, according to the National Association of REALTORS® Existing-Home Sales Report. The Report provides the real estate ecosystem, including agents and homebuyers and sellers, with data on the level of home sales, price, and inventory. Month-over-month sales declined in the Northeast, Midwest and South and rose modestly in the …

E.P.A. Proposes Allowing Use of Dicamba Weedkiller on Some Crops  The New York Times Courts banned this herbicide twice. The EPA wants to bring it back.  The Washington Post US EPA moves to approve dicamba weedkiller use on cotton, soybeans  Reuters Trump EPA ‘Hitting New Heights of Absurdity’ With Plan to Reapprove Pesticide Dicamba  Common Dreams Proposed OTT Dicamba Registrations Eliminate Application Cutoff Dates  DTN …

DHS impacted in hack of Microsoft SharePoint products, people familiar say  Nextgov/FCW Chinese Hackers Are Exploiting Flaws in Widely Used Software, Microsoft Says  The New York Times Disrupting active exploitation of on-premises SharePoint vulnerabilities  Microsoft Microsoft server hack has now hit 400 victims, researchers say  Reuters U.S. nuclear and health agencies hit in Microsoft SharePoint breach  The Washington Post Source link

Musk Warns That Tesla Faces a ‘Few Rough Quarters’ Ahead  Bloomberg.com Tesla earnings show ongoing fallout from Musk’s broken alliance with Trump  The Washington Post Elon Musk warns of ‘rough quarters’ ahead for Tesla after Trump cancels EV incentives  Financial Times Tesla likely faces ‘a few rough quarters’ from end of US EV support, Musk says  Reuters A big problem for Tesla isn’t getting …

CNN  —  Tesla’s troubles continued Wednesday as the company reported a double-digit drop in adjusted earnings for the second quarter, a fall that followed a record sales drop in the same period. The company’s adjusted net income, the measure most closely followed on Wall Street, fell $419 million from one year ago to $1.4 billion. That’s a 23% drop – …