Author: potus

Kurt Sievers, CEO of NXP Semiconductors, during the Federation of German Industries conference in Berlin, Germany, on June 19, 2023.Liesa Johannssen-Koppitz | Bloomberg | Getty ImagesNXP Semiconductors fell about 7% on Monday after the chip company announced CEO Kurt Sievers would step down and released first-quarter earnings for fiscal 2025.Sievers will retire at the end of the year, with Rafael Sotomayor stepping in as president on April 28, 2025.Here’s how the company did, versus LSEG consensus estimates:Earnings per share: $2.64 adjusted vs. $2.58 expectedRevenue: $2.84 billion vs. $2.83 billion expectedWhile the company beat expectations on the top and bottom lines, Sievers cited a “challenging…

Kristi Noem, Homeland Security Secretary, during a meeting with US President Donald Trump and Nayib Bukele, El Salvador’s president, in the Oval Office of the White House in Washington, DC, US, on Monday, April 14, 2025. Al Drago | The Washington Post | Getty ImagesA man accused of stealing the purse of Homeland Security Secretary Kristi Noem at a restaurant while she was under Secret Service protection was charged Monday by federal prosecutors with that and two other alleged bag thefts in Washington, D.C., a court filing shows.The defendant, Mario Bustamente Leiva, is charged with robbery, wire fraud and aggravated…

Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025.David Paul Morris | Bloomberg | Getty ImagesTech stocks have struggled in 2025, as recession and trade war fears sap investor appetite for riskier assets.Palantir is the exception.Against a volatile market backdrop, the software maker’s stock has gained 45% and is the best performer among companies valued at $5 billion or more, according to FactSet. The closest tech names are VeriSign, up 33%, Okta, up 30%, Robinhood, up 29%, and Uber, up 29%. President Donald Trump’s frenzy of…

Elon Musk may skirt more than $2 billion in possible financial liabilities by exercising his influence over the federal government, a new report from Senate Democratic committee staffers out Monday alleges.Musk’s ‘Department of Government Efficiency’ has brought sweeping changes to Washington with its slash-and-burn campaign to gut agencies and purge the federal workforce. President Donald Trump has avidly supported Musk’s cuts.As he appears poised to step back from his DOGE work in the coming weeks, Democrats are accusing the world’s richest person of using his influence to “evade oversight, derail investigations, and make litigation disappear whenever he so chooses—on his…

Pavlo Gonchar | Lightrocket | Getty ImagesSpotify said Monday it paid more than $100 million to podcast publishers and podcasters worldwide in the first quarter of 2025.The figure includes creators on the platform across all formats and agreements, including the platform’s biggest fish, Joe Rogan, Alex Cooper and Theo Von, the company said.Rogan, host of “The Joe Rogan Experience,” Cooper of “Call Her Daddy” and “This Past Weekend w/ Theo Von” were among the top podcasts on Spotify globally in 2024.Rogan and Cooper’s exclusivity deals with Spotify have ended, and while Rogan signed a new Spotify deal last year worth…

Palo Alto Networks signage displays on the screen at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | ReutersPalo Alto Networks announced on Monday its intent to acquire Protect AI, a startup specializing in securing artificial intelligence and machine learning applications, for an undisclosed sum. The deal is set to close by the first quarter of fiscal year 2026.”By extending our AI security capabilities to include Protect AI’s innovative solutions for Securing for AI, businesses will be able to build AI applications with comprehensive security,” said Anand Oswal, senior vice president and general manager of…

WASHINGTON (AP) — The White House on Monday opened a weeklong celebration of Donald Trump’s first 100 days in office by focusing on his border crackdown, an area of relative strength for the president at a time when there are red flags for him in the latest round of polling.Yard signs with mugshots of immigrants who have been accused of crimes like rape and murder were posted across the White House lawn, positioned so they would be in the background of television broadcasts outside the West Wing. Tom Homan, Trump’s top border adviser, told reporters that there has been “unprecedented…

WASHINGTON (AP) — Rep. Gerry Connolly of Virginia announced on Monday he is stepping down as the top Democrat on the powerful House Oversight Committee and will not be seeking reelection next year due to his cancer returning, ending his long career in public life.“The sun is setting on my time in public service,” Connolly said in a statement. “With no rancor and a full heart, I move into this final chapter full of pride in what we’ve accomplished together over 30 years.”Connolly, 75, has served in Congress since 2009 and represents northern Virginia, including Fairfax County. House Minority Leader…

Rep. Mike Lawler, R-NY, framed himself as a moderate Republican willing to work with Democrats and criticize the Trump administration as necessary, while also defending the administration’s agenda and officials during a volatile town hall in West Nyack, New York.”I’ve been rated the fourth most bipartisan member of Congress. I’ve also been rated the most effective freshman member of the 118 Congress,” Lawler said. “So, to those of you who feel that you’re not being represented, the fact is that I have been doing the job effectively on behalf of our district.”The crowd at the event, which consisted only of…

From left, Veza founders Rob Whitcher, Tarun Thakur and Maohua Lu.VezaTech giants like Google, Amazon, Microsoft and Nvidia have captured headlines in recent years for their massive investments in artificial intelligence startups like OpenAI and Anthropic.But when it comes to corporate investing by tech companies, cloud software vendors are getting aggressive as well. And in some cases they’re banding together.Veza, whose software helps companies manage the various internal technologies that employees can access, has just raised $108 million in a financing round that included participation from software vendors Atlassian, Snowflake and Workday.New Enterprise Associates led the round, which values Veza…