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- SpaceX Swings to a Profit, as A.I. Business Grows
Elon Musk’s rocket company said its artificial intelligence spending had soared, but revenue more than doubled from its Starlink internet satellite service and A.I. products. [TheTopNews] Read More.41 mins ago - Ferrari CEO rates Tesla Roadster launch ’10 out of 10,’ thanks Elon ...
Ferrari CEO Benedetto Vigna on Tuesday offered praise for Tesla's redesigned Roadster sports car, saying that the next-generation vehicle showed that the auto industry has capacity for daring innovation even in a more mature market.Tesla marked the launch of the Roadster last week with a demonstration that included stunts and airborne maneuvers using thrusters the EV company developed with SpaceX. Tesla CEO Elon Musk, who also leads SpaceX, said production of the Roadster would start in 2028.Vigna was interviewed at an auto conference organized by Italian magazine Quattroruote and said the Tesla Roadster launch was a 10 out of 10 for technology and 10 out of 10 for presentation."It certainly shows that also in the automotive world there's still a lot to be done. We have to keep dreaming," Vigna said. "As a European, thank you for showing us how that, even in an old world, you can still innovate and dare."TESLA'S NEW ROADSTER MAKES A FLYING DEBUT, HITTING 60 MPH IN UNDER A SECONDTesla's Roadster was seen flying, performing a midair flip and accelerating from zero to 60 mph in under a second during the presentation, which was held at a SpaceX test site in McGregor, Texas.Tesla shares initially rose following the unveiling of the Roadster, though financial analysts cautioned that deliveries are still off into the future after the model had faced years of delays.A Roadster prototype was first revealed in 2017, at which time the company said deliveries would begin in 2020.FERRARI'S FIRST EV SELLS FOR STAGGERING $40M AT MONTEREY AUCTIONThe Musk-led automaker is allowing interested customers to reserve variants of the Roadster, with a $50,000 payment for the "Performance" version and a $250,000 payment for the "Thrust" version that includes "acceleration thrusters." An invite-only "Rocket" variant is a single-seat model with a "full flight system."Ferrari unveiled the Luce, its first fully electric vehicle, in May and has been trying to win over skeptics after shares fell following the announcement.FERRARI REVEALS FIRST FULLY ELECTRIC CAR WITH EYE-POPPING PRICE TAGThe Luce was developed in a collaboration with former Apple design chief Jony Ive and the team from his LoveFrom studio.Vigna said that risk-taking is necessary, and that outside influence was vital to Ferrari's development of Luce."If we had worked on our own, we wouldn't have done what we did. In other words, we tackled a whole series of questions and came up with some answers prompted by people… [TheTopNews] Read More.1 hour ago - Elon Musk says Tesla-SpaceX merger would be a ‘good idea’
Musk says a mega merger would have many benefits to his companies. [TheTopNews] Read More.1 hour ago - EXCLUSIVE: Social Security begins sending new $1,000 Trump Account notices to pa...EXCLUSIVE: The Social Security Administration (SSA) has begun including instructions for claiming a $1,000 government investment contribution with Social Security cards issued to newborns, expanding a nationwide effort to inform American families about President Donald Trump's children's investment accounts, Fox News Digital has learned.The new inserts, distributed through the agency's Enumeration at Birth program, explain how parents can sign up for Trump Accounts and claim a one-time $1,000 contribution from the U.S. Treasury Department for eligible children born between Jan. 1, 2025, and Dec. 31, 2028.More than 3.5 million children are born in the United States annually, and the SSA assigns approximately 99% of infant Social Security numbers through its Enumeration at Birth program, SSA press officer Barton Mackey told Fox News Digital.PRESIDENT CELEBRATES AUTOMATIC ENROLLMENT OF 70 MILLION TRUMP ACCOUNTS FOR CHILDRENThe SSA confirmed that parents receiving newborn Social Security cards through the program will also receive the Trump Account inserts, placing information about the investment initiative directly into the hands of families during one of their first interactions with the federal government after a child's birth.The government-issued insert congratulates parents and explains that eligible children may receive a $1,000 contribution to a Trump Account from the Treasury Department.According to the notice, parents are instructed to visit TrumpAccounts.gov, download the Trump Accounts app and sign up.Families will then receive communication from Treasury about activating the account and receiving the government contribution.'THE VIEW' CO-HOST SUNNY HOSTIN PRAISES TRUMP FOR 'GOOD POLICIES' ON FERTILITY CARE AND CHILD SAVINGS ACCOUNTSThe account is established in the child's name, with a parent or other custodian managing it until the child turns 18.The notice says families are not required to make additional contributions, but may deposit up to $5,000 annually, subject to the program's rules.The one-time $1,000 Treasury contribution is available to qualifying children born between Jan. 1, 2025, and Dec. 31, 2028, who are U.S. citizens with valid Social Security numbers, according to SSA's published guidance.The contribution is intended to provide an initial investment for eligible children rather than an immediate cash payment to their parents.MICRON'S $250 MILLION BET ON KIDS IS A BLUEPRINT FOR AMERICA'S FUTURETrump Accounts are tax-advantaged investment accounts for eligible children under 18, designed to support long-term savings and investment.The SSA's involvement centers on helping families enroll and distributing information through the existing newborn Social Security card process.Through Enumeration at Birth, parents can request a Social Security number for their… [TheTopNews] Read More.2 hours ago
- LARRY KUDLOW: Keep your backbone, traditional Republicans, this is no time to go...Pollster friends of mine are telling me Republicans are going to lose the House and maybe the Senate, because not enough traditional Republicans are going to come out and vote. In other words, Mr. Trump has always had the support of MAGA Republicans, but the mistake at the Dallas Convention was not wooing so-called traditional GOPers.Well, I’m not sure what a traditional Republican is. Or why any Republican, or for that matter any sane person would want to vote in a bunch of Democratic party big government socialists. They will reopen the borders, end fossil fuels, and impose Medicare for All — which means you lose your private healthcare, and will wind up paying for free healthcare for illegal immigrants. Democratic wins would promote lawfare and weaponization, such as Senator Elissa Slotkin has proposed, risk more crime, or $10 gasoline, or ending gasoline-powered cars altogether. Or going back to woke, DEI, and antisemitism. Is that what so-called traditional Republicans want? Is that what any sane person would want?I worked for President Reagan, who was a supply-sider, tax cutter, a deregulator, who ran against the swamp at D.C. And then decades later I worked for President Trump, who was a tax cutter, deregulator, and was against the swamp at D.C. Does that make me a traditional Republican? A Reagan Republican? A Trump Republican?How about: I’m a free enterprise pro-growth conservative who believes in traditional American values. This election strikes me as too important to hinge on semantics.What we really want, apart from these unhelpful labels, is the kind of Newt Gingrich optimism. As he is writing about America’s golden age: the triumph of free enterprise, the coming era of limitless possibilities, and how economic growth will surge while inflation falls, and advanced technology prevails.I was there outside Atlanta when Mr. Gingrich won back in 1994. Maybe we’re all Gingrich Republicans right now. The point I want to make to you folks, in my next 11 Kudlow TV broadcasts, and two Sunday morning shows, I want to persuade you to vote for free enterprise, not socialism. For patriotic values, not American hatred. And for defending our country against any and all encroachments from the outside. It’s never too late to turn this story around. There’s still time. [TheTopNews] Read More.2 hours ago
- JPMorgan invests $5B in companies critical to US national securityJPMorgan Chase announced on Monday that it has invested $5 billion in companies that underpin U.S. national security through the firm's Security and Resiliency Initiative (SRI).The bank launched the $1.5 trillion SRI last year under its Strategic Investment Group and said that it has financed and facilitated over $230 billion to boost industries, supply chains and technologies that play a critical role in long-term national security and economic resilience."Strong economies and national security don't happen by accident. They require investment in critical infrastructure, manufacturing, energy, defense and innovation, as well as policies that encourage growth," said JPMorgan Chase CEO Jamie Dimon."Through SRI, we're bringing together capital, expertise and convening power to help strengthen the industries, supply chains and workforce that support economic prosperity and national security," Dimon added.JAMIE DIMON WARNS OF 5 ECONOMIC THREATS LURKING 'UNDER THE SURFACE'JPMorgan's Strategic Investment Group invests the firm's capital in companies with long-term strategic importance, including in the form of direct equity investments in the SRI.The group committed $5 billion of the initial $10 billion SRI equity allocation in its first year, with funds invested in venture, growth and later-stage companies to spur growth, innovation and expansions of manufacturing capacity.The firm's announcement noted that recent investments have supported next-generation defense technologies, distributed battery storage, automated manufacturing and frontier technologies.JAMIE DIMON, DAVID SOLOMON, OTHER TOP EXECS PRAISE TRUMP ADMIN'S PRO-BUSINESS POLICIES"Our approach is to find generational companies and partner with them for the long term," said Todd Combs, head of the Strategic Investment Group at JPMorgan Chase."The Security and Resiliency Initiative is an important part of that work. Putting $5 billion to work in our first year shows how many exceptional businesses are building in industries that strengthen critical supply chains and the solutions our economy and security depend on," Combs added.The SRI has also facilitated over $230 billion in transactions in its five focus areas over the past year.US ARMY PLANS NUCLEAR MICROREACTORS AT 5 MILITARY BASES AS PART OF $2.2B ENERGY SECURITY PUSHThose transactions have supported defense technology companies and manufacturers as they scale; financed suppliers critical to the defense industrial base; facilitated investment in next-generation nuclear and geothermal energy; expanded domestic critical minerals and metals capacity; advanced AI, cybersecurity and quantum computing; and strengthened critical medicine production and supply chains.JPMorgan Chase said that with the SRI entering its second year, the firm will look to convert value-chain insights into action by supporting… [TheTopNews] Read More.2 hours ago
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