What DeepSeek’s AI breakthrough means for Meta, OpenAI, and Nvidia
Subtitles
  • Off
  • English

Tesla's hiring freeze, Elizabeth Holmes' prison sentence, FTX customers' money: The week's most popular stories

Tesla's hiring freeze, Elizabeth Holmes' prison sentence, FTX customers' money: The week's most popular stories

Plus, a ‘tungsten wall’ leads to a nuclear fusion breakthrough

We may earn a commission from links on this page.
Start Slideshow
Start Slideshow
Image for article titled Tesla's hiring freeze, Elizabeth Holmes' prison sentence, FTX customers' money: The week's most popular stories
Graphic: Images: Justin Sullivan, Michael M. Santiago, Justin Sullivan
Advertisement
Previous Slide
Next Slide
Elizabeth Holmes
Elizabeth Holmes
Photo: Justin Sullivan (Getty Images)

When Elizabeth Holmes, founder of the now-disgraced blood testing company Theranos, received the sentence for her fraud conviction in 2022, she was originally expected to serve 11 years after she reported to prison last May. But it looks like she’ll be getting out by Labor Day 2032.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
The interior of WEST.
The interior of WEST.
Photo: CEA-IRFM

A tokamak in France set a new record in fusion plasma by encasing its reaction in tungsten, a heat-resistant metal that allows physicists to sustain hot plasmas for longer, and at higher energies and densities than carbon tokamaks.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Sam Bankman-Fried
FTX co-founder and former CEO Sam Bankman-Fried was sentenced to 25 years in prison for his role in the exchange’s collapse.
Photo: Michael M. Santiago (Getty Images)

Nearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchange’s collapse — if not more.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Tesla’s sprawling gigafactory in Fremont, California.
Tesla’s sprawling gigafactory in Fremont, California.
Photo: Justin Sullivan (Getty Images)

Tesla is a massive company, employing 140,000 people as of late last year. But over the past month, layoffs have torn through the electric vehicle maker — and now a hiring freeze appears to be in effect in North America.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Blurred interior view of a speeding car
Photo: Denis Torkhov (Getty Images)

People tend to assume their state, and especially their city, has the worst drivers in the country. We tend to chalk that up to the fact that you’re going to notice a lot more bad behavior in the place you live compared to somewhere you’re visiting, but ultimately, somewhere has to have the worst drivers, right? The question is, where is that place, exactly?

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Google HQ
Photo: Picture Alliance/Contributor (Getty Images)

David Ulevitch, a general partner at Silicon Valley venture capital firm Andreessen Horowitz, is tired of the “BS jobs” at big companies.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
McDonald’s.
McDonald’s.
Image: Archive Photos (Getty Images)

The inflation economy has come for Big Food. Earnings reports from some of the biggest food companies have highlighted struggles with higher prices, labor shortages, and more

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Warren Buffett
Photo: Bloomberg/Contributor (Getty Images)

Warren Buffett’s Berkshire Hathaway reported strong first-quarter earnings as the conglomerate kicked off its annual shareholder conference.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Image for article titled Tesla's hiring freeze, Elizabeth Holmes' prison sentence, FTX customers' money: The week's most popular stories
Photo: Jose Cabezas (Reuters)

Ever since its inception in 2009, Bitcoin’s odyssey has mesmerized the public and attracted some colorful buyers. Even if you’re not an expert, you might have wondered who owns the world’s top cryptocurrency.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Sales at Applebee’s fell 4.6% during the first quarter.
Sales at Applebee’s fell 4.6% during the first quarter.
Image: Universal Images Group Editorial (Getty Images)

Dining out can be a short getaway from the everyday hustle. But today, that simple joy is also a cost-cutting opportunity.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
A Spirit Airlines corporate sign
A Spirit Airlines corporate sign
Photo: Joe Raedle (Getty Images)

Spirit Airlines CEO Ted Christie is definitely not bitter about how things went down with the JetBlue Airways merger that was halted by the Justice Department before eventually being abandoned.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
A 2004 photo of Elon Musk at a computer looking at a photo of a rocket
Elon Musk at his desk in 2004.
Photo: Paul Harris (Getty Images)

NASA plays nicely with privately owned SpaceX, but is that something to be concerned about? In an interview with NPR, NASA director Bill Nelson assuages any fears of an unsupervised Elon Musk running a space agency by reminding us that SpaceX is actually run by its president Gwynne Shotwell. Nelson trusts Shotwell to protect SpaceX from Elon Musk’s often irrational fever dreams, and thus to protect the billions of American tax dollars granted to SpaceX in government contracts from his wayward spending, too.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Aerial view of Single-family homes
Photo: Ferrantraite (Getty Images)

There’s more than one way to own a house these days. Sites including real estate startup Pacaso are opening up a new market for people looking to own just a fraction of a house — for a fraction of its total price. Instead of laying claim to an entire single-family home, Pacaso sells luxury single-family homes to groups of buyers, a practice known as fractional home ownership. Someone could, for example, own one-eighth of a multi-million dollar mansion in Florida’s coveted Marco Island for just $736,000.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Tesla has a sprawling factory complex in Shanghai.
Tesla has a sprawling factory complex in Shanghai.
Photo: Xiaolu Chu (Getty Images)

Like many Western automakers, Tesla is dealing with a slew of tough rivals in the world’s largest auto market.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
A worker sticks a picture of a Swiss army knife on a window of a Victorinox store in Zurich, Switzerland
A worker sticks a picture of a Swiss army knife on a window of a Victorinox store in Zurich, Switzerland
Photo: Arnd Wiegmann (Reuters)

The Swiss Army Knife has become such a shorthand for multifunctionality that companies producing does-a-lot-of-stuff wares will often say that their goods are the “Swiss Army Knife” of whatever category they’re a part of. You can use the tool to cut stuff, snip stuff, uncork stuff, file stuff, in some cases download stuff.

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Berkshire Hathaway chief Warren Buffett.
Berkshire Hathaway chief Warren Buffett.
Photo: Scott Morgan (Reuters)

Elon Musk wants Warren Buffett to go all in on Tesla stock after the legendary Wall Street investor sold another 115 million shares of Apple. 

Advertisement

Read More

Advertisement
Previous Slide
Next Slide
Billionaires' Row New York
A view of Billionaires’ Row in New York City.
Photo: Michael Lee (Getty Images)

Across the U.S., billionaires reside in cities big and small. Many are looking for locations that are close to their businesses or their families, have favorable tax systems, or just have a sunnier climate — and maybe access to a beach.

Advertisement

Read More

Advertisement