Verizon outages are affecting tens of thousands of customers. The telecommunications company said it was aware of the problem but did not give further details."Our engineers are engaged and are working to identify and solve the issue quickly," Verizon said in a post on X. "We understand how important reliable connectivity is and apologize for the inconvenience." Downdetector, which provides real-time updates on various services and websites, showed that Verizon customers began reporting issues on Monday a ...

The hottest fashion item for women in finance right now isn't a flashy accessory like a scarf or a watch, or an expensive pair of shoes. It's a good old pair of pants.This week, I did some boots-on-the-ground reporting in Midtown Manhattan, visiting stores to ask about their best-selling women's business attire items. Time and again, pants kept coming up. But we're not talking about any ordinary pants — in most cases, they're made with comfortable, high-quality fabric and fall on the pricier side, rangin ...

Core Viewpoint - Tesla will transition its Full Self-Driving (FSD) feature from a one-time purchase option to a subscription-only model starting February 14, as announced by CEO Elon Musk [1][2]. Group 1: Subscription Model - Tesla owners currently have the option to purchase FSD for $8,000 or subscribe for $99 per month [2]. - The shift to a subscription model aims to increase customer uptake of the FSD technology, which is deemed critical for Tesla's future [2]. Group 2: Subscription Statistics - As of the third quarter earnings call in October, only about 12% of Tesla's current fleet has subscribed to FSD, indicating a need for improved subscription rates [6]. - The company has seen a decrease in quarterly revenue from FSD compared to the same period last year [6]. Group 3: Regulatory and Legal Challenges - The rollout of FSD has faced regulatory scrutiny, including investigations by the National Highway Traffic Safety Administration regarding crash reporting and incidents involving FSD [7]. - Tesla is also facing potential legal challenges, including a ruling that could ban the sale of vehicles in California due to misleading marketing of its FSD and Autopilot systems [8]. Group 4: Executive Compensation Ties - Boosting FSD subscriptions is a key component of Elon Musk's compensation package, with a target of reaching 10 million subscriptions to unlock a potential payout of $1 trillion [6].

American investors are worried.They've been worried for a while now: that a recession is coming, that stock valuations are overheated, and that AI spending is the only thing keeping the economy (and markets) afloat. And if you're in the wealth management business, like Goldman Sachs, it's your job to listen to these concerns. To nod solemnly and empathize as your millionaire clients lay bare their greatest fears. And then it's your job to tell them that, actually, things aren't so bad, and despite all th ...

Core Insights - Delta Air Lines is strategically entering the long-haul market by ordering up to 60 Boeing 787-10 planes, aiming to attract premium travelers and compete with rivals like American and United [1][2] - The new 787 aircraft will feature Delta's Delta One business class, premium economy, and standard coach, enhancing its offerings in the competitive transatlantic market [2] - Delta's President highlighted the 787's financial advantages, including improved cargo capacity and fuel efficiency, while the airline plans to grow capacity by 3% this year, focusing on premium cabins [3] Fleet Strategy - This order marks Delta's first direct purchase of the Boeing 787, indicating a shift in its long-haul fleet strategy, as it previously favored Airbus [4][5] - The 787-10 variant ordered can seat up to 336 passengers and has a range of approximately 7,300 miles, making it a suitable replacement for Delta's aging 767s [6] - The addition of the 787-10 diversifies Delta's fleet, which has been predominantly Airbus, and is expected to enhance operational efficiency on long-haul routes [5][6] Market Context - Delta's 767s primarily serve routes to Europe and South America, where the 787 is seen as an ideal addition, reflecting confidence in Boeing amid its recent challenges [7] - The announcement of the 787 order coincides with Delta's strong financial performance, reporting a net income of about $5 billion for 2025, driven by robust demand in premium and corporate travel [8][9] - Despite a 7% year-over-year decline in main-cabin ticket revenue, Delta's stock has gained approximately 6% over the past year, indicating resilience in its market position [9]

Federal incentives for electric vehicles disappeared at the end of the third quarter, leaving the US market to survive on its own merits. So, how did companies perform in this new, realistic environment?Cox Automotive, an industry data provider, has just released EV sales estimates for the fourth quarter on Tuesday, and the numbers reveal which companies thrive and which struggle without government assistance. Tesla once again dominates the EV market in the US. Its market share surged to 59% in Q4, up fro ...

Core Viewpoint - President Trump's proposals to lower mortgage rates and cap credit card interest rates may not effectively improve affordability for consumers and could potentially lead to adverse economic consequences [1][2]. Mortgage Rates - Trump plans to direct representatives to purchase $200 billion of mortgage bonds to lower mortgage rates [2]. - Following the announcement, fixed mortgage rates have decreased by 10 to 20 basis points, which could increase housing demand but also drive home prices up due to a severe housing shortage [6][7]. - The economist Mark Zandi warns that while lower rates may seem beneficial, they will not make homebuying more affordable as higher demand will lead to increased home prices [7]. Credit Card Interest Rates - Trump's proposal includes capping credit card interest rates at 10% for one year, which Zandi believes may face legal challenges and could limit credit availability for many borrowers [9]. - Zandi argues that only consumers with high credit scores would maintain their credit lines, as lenders would struggle to profitably extend credit at the proposed rate [9]. - Analysts at UBS and hedge fund manager Bill Ackman share concerns that capping credit card interest rates could negatively impact lower-income consumers and overall economic spending [10].

Core Insights - Dell is initiating a significant transformation called "One Dell Way," aimed at standardizing processes and launching a unified enterprise platform on May 3, 2026, which is described as the biggest transformation in the company's history [1][8][17] Group 1: Transformation Overview - The initiative will replace Dell's existing applications, servers, and databases to enable seamless data flow, reduce repetitive tasks, and enhance decision-making speed [2][6] - The changes are essential for Dell to remain competitive in an AI-driven environment, necessitating a shift from multiple variations of processes to a simplified, standardized, and automated approach [4][5][11] Group 2: Implementation Details - The new operating system will be implemented on a specific date, May 3, for various divisions including PC business, finance, supply chain, marketing, sales, revenue operations, services, and HR, with the ISG division following in August [6][10][7] - Training for employees will commence on February 3, and it is emphasized that participation in training is critical for operating within the new system [16][17] Group 3: Expected Changes - The degree of change will vary across teams and roles, with some experiencing significant shifts while others may see minimal changes [14] - The transformation requires a mindset shift towards a company-first approach, prioritizing overall efficiency and quality over individual functional optimization [12][11] Group 4: Future Outlook - The modernization effort is positioned as foundational for Dell's success in an AI-driven world, emphasizing the importance of working as one connected company [5][17] - The initiative reflects Dell's long-term evolution since its founding 42 years ago, marking a pivotal moment in its operational strategy [8]

President Donald Trump isn't backing down from his criticism of Federal Reserve Chair Jerome Powell, even as an increasing number of fellow Republicans express a desire to cool tensions. "Well, he's billions of dollars over budget," Trump told reporters at the White House Tuesday morning before departing for a trip to Michigan. "So, he's either incompetent or he's crooked. I don't know what he is, but he certainly doesn't do a very good job."On Sunday, Powell released an extraordinary video statement, conf ...

The Cybertruck is running out of road. Tesla sold 20,237 Cybertrucks in the US last year, according to data from Cox Automotive released on Tuesday, as demand for Elon Musk's "apocalypse-proof" pickup fizzled.That's nearly half the number Tesla sold in 2024, and sales dropped 68% year-on-year in the final quarter of 2025. The figures are a far cry from the target of 250,000 sales a year Musk set before the Cybertruck rolled off the production line in 2023.The divisive electric truck amassed over 1 million ...