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AdvertisementAndre Nader switched from an EPO health insurance plan to an HDHP to get access to an HSA. He plans to switch back to an EPO plan in 2025 for simplicity. AdvertisementIn 2024, he decided to put the popular, triple tax-advantaged health savings account (HSA) to the test. You can invest your HSA funds (the investment options vary by provider), and your contributions and earnings grow tax-free. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Nader did throughout 2024.
Persons: Andre Nader, Nader, Nader didn't, he'd, isn't, he'll, HSA Organizations: FIRE, IRA Locations: San Francisco
WASHINGTON — Congress faces a Dec. 20 deadline to fund the government and avert a shutdown, and Speaker Mike Johnson says House Republicans will probably push the fight into early 2025 rather than reach a full-year funding deal this year. And then then we should be actually working on the next year’s appropriations.”But even if they push the fight to early 2025, Republicans won’t have full control over spending decisions. Government funding legislation is subject to the 60-vote threshold in the Senate, which top Republicans have promised to preserve. That means they’ll have to reach a deal with Democrats, who currently control the Senate and want to pass full-year funding this year, not in 2025. “The bottom line is we’ve got to control spending and not allow there to be a runaway spending bill in December,” he said.
Persons: Mike Johnson, , We’re, ” Johnson, Donald Trump’s, you’d, Donald J, Trump, Robert Aderholt, there’s, it’ll, ” Aderholt, Trump’s, ” Sen, John Boozman, ” Boozman, Republicans won’t, Patty Murray, Susan Collins, We’ve, I’ve, , Pete Aguilar, “ Mike Johnson, Chip Roy, Boozman Organizations: WASHINGTON, “ Fox, Democrats, , Committee, Republicans, NBC, GOP, CRs Locations: WASHINGTON —, Maine, Texas
AdvertisementIt was perhaps inevitable that Elon Musk — a tech titan and a prolific gamer — would try to turn government spending into a game. It's a natural move for Musk, who came up in the tech world in the early 2000s, as "gamification" took hold. "That's that kind of logic that you end up having if you're not really cautious about how it's designed." AdvertisementFor the government, that might hinge on what counts as waste and whether Musk's leaderboard can get people to agree. Otherwise, Hon said gamification might have short-term benefits but backfire in the long term as important, less-tangible factors are crowded out by overemphasizing one metric.
Persons: Elon Musk, , Elon, Musk, Jane McGonigal, McGonigal, Adrian Hon, You've, Richard Landers, it's, you've, Landers, Natalia Mehlman Petrzela, " Landers, Jill, It's, Petrzela, Musk's, gamification, he's Organizations: Service, Government Efficiency, University of Minnesota, SXSW, Netflix, Nike, New School Locations: gamification
An AI tool called AIHawk is helping some job seekers apply for hundreds of jobs a day on LinkedIn. Some users told BI the program added false information into their resumesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA new AI tool released in August is helping some people quickly apply for roles on LinkedIn. Related Video "We've been using AI all along." AdvertisementAIHawk is free but users found problemsAIHawk is one of many AI job application tools on the market.
Persons: , Federico Elia, AIHawk, Elia, who's, they've, There's, Anthony Ettinger, Ettinger, he's, Roth, Uber, hasn't, he'll, Tommi hasn't, Alexander Alonso, Alonso, Github — Elia, Guilherme, I've Organizations: LinkedIn, Service, Roth IRA, BI, Society for Human Resource Management Locations: Italy, Silicon Valley, Mexico City, Brazil
The interior of a Xiaomi SU7 (Top) and a Tesla Model 3. CFOTO/Future Publishing via Getty Images/Costfoto/NurPhoto via Getty Images/TeslaThe SU7's cabin is high-tech and thoroughly modern. Atop its center stack is a massive 16.1-inch infotainment screen with smartphone mirroring. The entire in-car experience is focused on the Tesla's 15.4-inch central touchscreen, which serves as both the instrument display and its infotainment screen. As with all Teslas, the Model 3 comes with the company's signature Autopilot semi-autonomous driving tech.
Persons: Xiaomi Organizations: Tesla, Publishing, Getty Images, Getty, Xiaomi Locations: China
New York CNN —No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. Musk has donated nearly $119 million so far to a political action committee he set up to support Trump, according to Federal Election Commission filings. Elon Musk steps onto stage as Republican presidential nominee, former President Donald Trump addresses a campaign rally in Butler, Pennsylvania on October 5. It will only help Tesla,” Musk posted on X in July. It’s not likely Trump would want to cut that support, and the promise of jobs in those states, even if they will eventually provide competition for Musk and Tesla.
Persons: Donald Trump’s, Elon, Trump, Musk, He’s, , Daniel Ives, Tesla, Kamala Harris, , Biden, Elon Musk, Donald Trump, Anna Moneymaker, he’s, ” Musk, Ives, ” Ives, It’s, Jim Farley, Jeff Schuster, we’re, Jade Gao Organizations: New, New York CNN, Trump, Wedbush Securities, SpaceX, , Treasury Department, Republican, EV, Tesla, EPA, Industry, Getty, Boeing, NASA, International Space Locations: New York, Tuesday’s, America, United States, Butler , Pennsylvania, Trump’s, Europe, Asia, California, China, Shanghai, Beijing, AFP, Tesla
Tesla stock surged 12% in premarket trading following Trump's election victory. Musk's big bet on Trump has boosted analysts' confidence in Tesla's future prospects. AdvertisementElon Musk's big bet on Donald Trump is already paying off for Tesla. AdvertisementIn his victory speech early Wednesday, Trump paid tribute to Musk's efforts, calling him a "super genius" and a "new star." Trump win an 'overall negative' for EV industryDespite the surge in Tesla shares, Trump's victory could be bad news for the wider EV market.
Persons: Elon Musk, , Elon, Donald Trump, Dan Ives, Musk, Gene Munster, Munster, Trump, Tesla's robotaxis Garrett Nelson, Ives, Nelson, Tesla, BYD Organizations: Trump, Service, Fox News, CNN, Electoral, Wedbush Securities, Tesla, Deepwater Asset Management, EV company's, Tesla's, CFRA Research, EV, Business Locations: Tesla, Butler , Pennsylvania, China
Tech billionaire Elon Musk and his business empire stand to reap massive rewards if former President Donald Trump returns to the White House. Elon Musk joins former US President Donald Trump during a campaign event in Butler, Pa., on Oct. 5, 2024. “I love Elon Musk,” Trump said at a rally in July. It’s not clear how Musk and Trump would navigate the ethical questions around a possible government role for the tech billionaire. “He would be in much less trouble in a Trump administration because Trump shares his hostility to regulation and regulators,” Richard Pierce, a law professor at George Washington University specializing in government regulation, told NBC News in an interview earlier this year.
Persons: Elon Musk, Donald Trump, Musk, Trump, Vladimir Putin, SpaceX, ” Musk, Brian Hughes, , ” Hughes, Justin Merriman, ” Trump, , walling, Kamala Harris, Harris, Biden, Larry Krasner, ” Richard Pierce, John Raoux, Angela Aneiros, ” Aneiros, Tesla, There’s, SpaceX countersued, • Tesla, ” SpaceX, Starlink, Justice Department —, Tucker Carlson, Carlson, he’s, SpaceX’s, Kamala Organizations: Tech, Trump, Musk’s, SpaceX, China —, U.S, Wall Street, NBC News, Boeing, Fox News, Bloomberg, Getty Images Trump, D.C, Trump Organization, Budget, America PAC, Philadelphia, George Washington University, Tesla, Co, Kennedy Space Center, Gonzaga University, university’s Center of Law, & Commerce, Justice Department, National, Traffic Safety Administration, Securities and Exchange Commission, Street, Justice, Employment, Commission, National Labor Relations Board, SEC, Twitter, Federal Communications Commission, Federal Aviation Administration, FAA, Safety, Health Administration, NLRB, Reuters, Defense Department, NASA, International, White, National Space Council Locations: China, United States, Taiwan, Ukraine, Washington, Trump’s, Pennsylvania, Butler, Pa, Palm Beach , Florida, Texas, California, Cape Canaveral, Fla, Los Angeles, Austin, Mars
Autonomous driving is at a pivotal juncture, with several companies vying for leadership in a sector that promises to revolutionize transportation. While Tesla (TSLA) has dominated the autonomous vehicle headlines with its Full Self-Driving (FSD) system, it may not be the best autonomous driving investment. Waymo: A leader in the autonomous race Waymo, a subsidiary of Alphabet , has long been a frontrunner in the autonomous driving sector. Tesla's FSD software relies primarily on optical cameras, supported by advanced AI algorithms to interpret the road environment. The value autonomous driving adds to stock Currently, Alphabet, GM, and Tesla are not generating meaningful revenue from autonomous driving or robotics technology.
Persons: GM's, Google's Waymo, Waymo, Tesla's, Cruise, Mary Barra, Elon Musk, Tesla, AVs, GM's supercruise, TSLA, Price, Mary Barra's Organizations: General Motors, PACE, Hyundai, Federal Motor Vehicle Safety, Cruise, Cruise's, National, Traffic Safety Administration, Ford, Elon, GM's, Tesla, GM, CNBC, NBC UNIVERSAL Locations: Phoenix, Los Angeles, AVs
And the next president — Donald Trump or Kamala Harris — along with the new Congress will set the agenda. Here are four big things the 119th Congress will have to tackle. Trump tax cuts worth trillions of dollars are expiring after 2025Major portions of Trump’s 2017 tax law totaling $3.3 trillion will expire at the end of 2025. Former President Trump has said he wants to fully extend the expiring tax breaks across all income levels and pursue deeper tax cuts. If it lapses, many Americans would see spikes in their insurance premiums, which may put pressure on Congress to act.
Persons: — Donald Trump, Kamala Harris —, Trump, Harris, Barack Obama, There'll Organizations: WASHINGTON, Trump, Republicans, Democratic, Affordable, Congressional, Office, Treasury Department, U.S, Republican Locations: California, New York
Test drivers on Project Rodeo say they push the company's self-driving software to its limit. Business Insider spoke with nine current and former Project Rodeo test drivers and three Autopilot engineers in states including California, Texas, and Florida. Test drivers on Project Rodeo say they push the company's self-driving software to its limit. Tesla did not respond to a detailed list of questions about Project Rodeo and its self-driving technology. Paul Hennessy/SOPA Images/LightRocket/GettyTwo years later, test drivers were asked to train the system near pedestrians, test drivers said.
Persons: Elon Musk, Tesla, they're, Noah Berger, Missy Cummings, Cummings, Mark Rosekind, Patrick Pleul, Musk, Morgan Stanley, Adam Jonas, They're, FSD, John Bernal, Bernal, Paul Hennessy, Five, , It's, Cruise, Mario Tama, Philip Koopman, Koopman, Alex Roy, Roy Organizations: Business, BI, Stanford University, National, Traffic Safety Administration, NHTSA, Drivers, Tesla, YouTube, Department of Transportation, San, Cruise, Carnegie Mellon University Locations: San Francisco, California , Texas, Florida, Texas, crosswalks, Cruise, Phoenix, Arizona, Los Angeles , California
"Presidential endorsements do nothing to tip the scales of an election. What presidential endorsements actually do is create a perception of bias. Ending them is a principled decision, and it’s the right one," Bezos wrote in a nine-paragraph article published on the Post's website Monday night. "I wish we had made the change earlier than we did, in a moment further from the election and the emotions around it," Bezos wrote. There is no connection between it and our decision on presidential endorsements, and any suggestion otherwise is false."
Persons: Jeff Bezos, Bezos, Will Lewis, Lewis, Kamala Harris, Harris, Donald Trump, Dave Limp, Limp, , Trump, David Hoffman, David Shipley, Hoffman, Semafor, Patrick Soon Organizations: Amazon, Washington Post, Post, NPR, Democratic, NBC News, Los Angeles Times, Trump Locations: Pennsylvania, spokespeople, American
“Presidential endorsements do nothing to tip the scales of an election,” Bezos, the billionaire Amazon founder, wrote. “No undecided voters in Pennsylvania are going to say, ‘I’m going with Newspaper A’s endorsement.’ None. High-profile Post staffers have also publicly expressed their dismay over how the situation was handled and raised questions over the reason for the eleventh-hour decision. “That was inadequate planning, and not some intentional strategy.”Hours after Post publisher Will Lewis announced the news Friday, Trump met with executives from Blue Origin, a Bezos-founded spacefaring company. Neither campaign nor candidate was consulted or informed at any level or in any way about this decision.
Persons: Jeff Bezos, ” Bezos, , I’m, , Kamala Harris, Marty Baron, “ craven, Donald Trump, Harris, Bezos, Will Lewis, Trump, , Dave Limp, , It’s Organizations: CNN, Washington Post, Post, , Amazon, House, Blue, Trump, Blue Origin Locations: Pennsylvania
Investors agree: Short-term rentals are more lucrative but require more time than long-term rentals. Grant puts up with the occasional blow-up because her Airbnb units bring in a lot more money than her long-term rentals. Especially with higher interest rates, which increase your monthly mortgage payment, "long-term rentals are just hard," said seasoned real-estate investor Zeona McIntyre. Courtesy of Amberly GrantFull-time real-estate investor Avery Heilbron categorizes short-term and long-term rentals as "two completely different things." AdvertisementThe 'sweet spot' of real-estate investing: Mid-term rentalsShort- and long-term rentals aren't the only options for real-estate investors.
Persons: , Amberly Grant, Grant, Zeona McIntyre, Avery Heilbron, There's, McIntyre, Covid, Airbnb, she'd, Heilbron, Peter Keane, Rivera, he's, Keane Organizations: Service Locations: Colorado, Boulder, Seattle
Here are 13 top stocks that are cheap and have above-average earnings growth. Mega-cap growth stocks dusted their smaller peers for 18 months, beginning in early 2023. These firms have above-average earnings growth and cheaper-than-average valuations, and they have an impressive record of outperformance over the last few decades. Without potent earnings, GARP stocks could risk falling into the "value trap" category. Cheaper GARP stocks should become more appealing in that backdrop, according to BMO, and historical performance backs that up.
Persons: , Brian Belski, he's, Belski Organizations: BMO Capital Markets, Service, BMO Capital, BMO, Markets
My mother had just died, and I'd decided living in the UK post-Brexit was not for me. Stephen J. PayneThree weeks after purchasing my magnificent vessel, the COVID-19 pandemic hit, and my travel plans were put on hold. Stephen J. PayneThen, I worked my way slowly around the Côte d'Azur. Stephen J. PayneEventually, I started working my way around the Amalfi Coast of Italy, stopping in Livorno, Fiumicino, Capri, and Tropea. Stephen J. PayneThroughout my trip, I've made money doing small jobs as a photographer, but I've mostly been spending my savings.
Persons: , I'd, Brexit, I've, Stephen J, Payne, I'm Organizations: Service, Channel, YouTube Locations: France, Italy, Torquay, England, California, Ramsgate, Calais, Paris, Côte, Saint, Omer, Amalfi Coast, Livorno, Fiumicino, Capri, Malta, Los Angeles
AI startup Attention raised a $14 million Series A funding round from Alven, Eniac, and Frst. The startup uses AI and natural language processing to glean data and next steps from sales calls. AdvertisementNew York-based AI startup Attention, which uses natural language processing to fill out customer relationship management (CRM) programs and generate action items from sales calls, just raised a fresh round of funding. Late-stage startup Gong, which also records sales calls, raised $250 million in Series E funding in 2021 at a $7.25 billion valuation. And 11x.ai, which is building AI sales reps, raised a $50 million Series B last month from a16z, TechCrunch reported.
Persons: , Anis Bennaceur, Matthias Wickenburg, Bennaceur, Wickenburg, Swipecast Organizations: Service, French VC, Eniac, Liquid2 Ventures, Ventures, TechCrunch Locations: Alven, New York, a16z
The first line of the note reads: "We estimate the S & P 500 will deliver an annualized nominal total return of 3% during the next 10 years." For starters, nobody knows what the coming decade has in store for the S & P 500. Valuation: Yes, the S & P 500 is currently trading at a historically high multiple. Going out on a limb and making market calls or calls about individual stocks is not for the faint of heart. The S & P 500 has more than doubled since then, advancing about 135%, which amounts to that roughly 13% annual return that Kostin mentioned in his note.
Persons: David Kostin, Kostin, Goldman, it's, Jim Cramer, Stanley Black, Decker, That's, Jim, It's, Goldman Sachs, we're, Jim Cramer's, Brendan McDermid Organizations: Goldman, Goldman Sachs Chief U.S, Equity, Treasury, Nvidia, Federal Reserve, U.S, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: Goldman Sachs, U.S, Wells
Tesla faces a new investigation by the National Highway Traffic Safety Administration, or NHTSA, concerning issues with its “Full Self-Driving” systems, and whether they are safe to use in fog, glaring sun or other “reduced roadway visibility conditions.”The probe follows an incident in which a Tesla driver who had been using FSD struck and killed a pedestrian, and other FSD-involved collisions during reduced roadway visibility conditions. FSD, which the company now refers to as a “partial driving automation system,” is Tesla’s paid, premium driver assistance option. But Tesla has offered it to all drivers for a monthlong free trial in the U.S., previously. The U.S. federal vehicle safety regulator tracks collisions involving the use of automakers’ advanced driver assistance systems, like Tesla’s Autopilot or FSD. As of Oct. 1, 2024, the NHTSA had tracked 1,399 incidents in which Tesla’s driver assistance systems were engaged within 30 seconds of the collision, and 31 of those had resulted in fatalities.
Persons: Tesla, , Elon Musk, Musk Organizations: National, Traffic Safety Administration, U.S, , NHTSA Locations: U.S, Texas, California
New York CNN —The National Highway Traffic Safety Administration says it has launched an investigation into the safety of Tesla’s Full Self-Driving feature, or FSD, after at least one fatal accident involving a pedestrian. The investigation is looking into four accidents involving vehicles using the FSD feature. FSD is at the center of Tesla’s plans for future growth and profitability. This is not the first time that the NHTSA has announced it is investigating Tesla’s self-driving features. In February 2023 the agency ordered a recall to change the FSD software on all of the more than 360,000 Teslas then on US roads with the feature.
Persons: , Tesla, Elon Musk, Musk, , FSD Organizations: New, New York CNN, Traffic, Administration, Tesla, NHTSA Locations: New York
The probe follows reports of crashes in low visibility areas with Full Self-Driving engaged. AdvertisementTesla is facing a fresh investigation from the national auto safety watchdog after reports of four crashes in which its Full Self-Driving technology was engaged. The new probe will cover 2.4 million Tesla vehicles. In April, the NHTSA started a separate probe into Tesla over crashes involving its Autopilot program. The regulator said at the time that it investigated 956 Tesla crashes in which Autopilot was involved between January 2018 and August 2023.
Persons: Tesla, , FSD, Elon, Phil Koopman Organizations: National, Traffic Safety Administration, Service, regulator's, Carnegie Mellon University, NHTSA, Business Locations: California, Koopman
Tesla's robotaxi will almost certainly face safety and regulatory questions before it comes to market. Waymo and Cruise have also encountered regulatory challenges with their autonomous vehicles. It has a permit to test autonomous vehicles with a driver on public roads in the state. "It's a problem of their own making," Phil Koopman, a professor at Carnegie Mellon University and an expert in autonomous vehicle safety, told Business Insider. A Waymo autonomous self-driving electric vehicle.
Persons: Tesla's, Cruise, , Tesla, Elon Musk, You'll, Sjoerd van, Waymo, Phil Koopman, Koopman, PATRICK T, FALLON, Uber, Kyle Vogt Organizations: Service, Warner Bros, Wal, Getty, California Department of Motor Vehicles, Carnegie Mellon University, NHTSA, Cruise Locations: Burbank , California, California
Elon Musk just unveiled Tesla's Robotaxi at the company's "We, Robot" event in Los Angeles. Elon Musk showed off Tesla's upcoming driverless taxi at its "We, Robot" on Thursday evening. Musk walked into the event and entered a sleek-looking silver Robotaxi, a two-door vehicle that opened upward with butterfly-style doors. The unveiling of Tesla's latest vehicle is a major milestone for the company and has been highly anticipated for years. In 2016, Musk said during a press call that a Tesla vehicle would autonomously drive from Los Angeles to New York City by 2017.
Persons: Elon Musk, , Robotaxi, Tesla, Musk, Optimus, Uber Organizations: Service, Warner Bros, Elon, Twitter, Traffic, Administration Locations: Los Angeles, Burbank , California, California, Texas, York, New York City
Boeing agreed in July to plead guilty to conspiring to defraud regulators. Prosecutors arrived at the plea agreement after an extensive investigation and a series of meetings with the families, prosecutors said. He argued the judge should accept the plea agreement. The Justice Department argued that the penalties Boeing agreed to were the most serious available. During a three-year probationary period that followed, Boeing agreed to improve its quality issues and transparency with the government.
Persons: Max, Reed O’Connor, Judge O’Connor, Paul Cassell, , , Sean Tonolli, Department’s, Boeing “, ” Mark Filip, Organizations: New, New York CNN, Boeing, US Justice Department, Prosecutors, Justice Department, Alaska Airlines, Department, Federal Aviation Administration, FAA Locations: Fort Worth , Texas, New York, United States, Alaska
A United Airlines flight diverted to Chicago after cockpit screens went blank. AdvertisementA United Airlines plane diverted and made an unplanned landing after cockpit screens went blank while it was flying over Canada's far north. The incident occurred on a Boeing 787 Dreamliner operating Flight 231 from Los Angeles to London on September 26. AdvertisementIn a statement shared with Business Insider, a United Airlines spokesperson confirmed that the plane diverted "to address a potential technology issue." Last week, United Airlines was cleared by the Federal Aviation Administration after a six-month safety review.
Persons: Organizations: United Airlines, Boeing, Pilots, Service, Airlines, Business, Transportation Safety Board, Canada, Chicago O'Hare, Federal Aviation Administration Locations: Chicago, Hudson Bay, Los Angeles, London
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