Oracle missed its quarterly revenue estimates, causing its shares to fall by more than 6% after hours.
Despite the miss, Oracle still saw 14% year-over-year revenue growth in the quarter ending November 30.
Oracle has leaned into AI, betting big on massive data center expansion to win more business.
Oracle missed its quarterly revenue.
Oracle shares slid more than 6% on Wednesday in after-hours trading, after the software giant posted quarterly results that fell short of Wall Street's revenue expectations.
Here's how the numbers stacked up against estimates:
Adjusted EPS: $2.26 vs. $1.64 expected
Revenue: $16.06 billion vs. $16.21 billion expected
Despite the miss, Oracle still saw 14% year-over-year revenue growth in the quarter ending November 30. Net income jumped to $6.14 billion, or $2.14 per share, up sharply from $3.15 billion, or $1.13 per share, a year earlier.
The results drop as Oracle leans heavily into the AI frenzy, betting big on massive data center expansion to win more business.
In its September earnings report, Oracle stunned Wall Street with a surge in cloud bookings tied to AI workloads, a boom that sent the stock to a record high. But the rally didn't last. Shares have since tumbled roughly a third as investors grow skittish about the enormous capital required to keep building data centers and whether Oracle's biggest customer, OpenAI, can actually deliver on the multibillion-dollar cloud commitments it's making.
"Capex & financing needs have been the biggest investor question over the last two months, weighing on the stock," wrote Derrick Wood, an analyst at TD Cowen.
This is a developing story; please check back for updates.
But the way that fight gets settled is going to involve an unusual side quest: CNN, TNT, the Food Network, and a bunch of other cable networks WBD wants to get rid of. Specifically: What are all of those shrinking cable networks worth?
That's because in the Netflix scenario, current WBD shareholders would go through two transactions: First, WBD would spin out its cable networks into a new company, and WBD investors would be given shares in that new company. Then Netflix would buy the remainder of WBD — HBO and the studio — for cash and stock.
Which means Netflix, and WBD executives who have blessed the Netflix offer, will want investors to think the cable networks are valuable. Ellison wants them to think the opposite.
"The lower you value the cable assets, the greater advantage Paramount's bid has. If shareholders believe the cable operations are more highly valued, then Netflix's bid, which assumes they will be spun off, means investors get an overall bigger sum of money."
And here's the actual gap: Ellison says the spin-off is worth about $1 per WBD share — or roughly $2.5 billion, based on WBD's current valuation. Independent analysts think it might be closer to $4 per share — or roughly $10 billion. Paramount and Netflix reps declined to comment; WBD hasn't responded to my request.
And yes, this is equity value, not enterprise value — this already assumes the spin-off gets saddled with billions of WBD's debt under the Netflix plan. But we're going to focus this conversation on the shares that ultimately end up in a WBD investor's brokerage account.
And if you believe David Ellison and Co., those investors aren't getting much. Because CNN, Turner, and all of the networks formerly owned by Discovery aren't worth much at all.
By way of comparison: In 2023, Bloomberg Intelligence estimated CNN alone was worth $5 billion. And earlier this year, a forensic accountant in a defamation trial said CNN was worth even less in 2023 — a mere $2.3 billion. Now Ellison is saying CNN, plus "premier entertainment, sports and news television brands around the world," as WBD describes the portfolio, is worth $2.5 billion, all-in.
Maybe. Maybe, using Ellison's math, all of CNN plus a pile of other cable networks — which still generate cash, mind you — are worth about 16 Bari Weisses, based on the reported $150 million he paid for her Free Press site.
Or maybe all of that is worth $10 billion — which means it's still less than 1% of Google. Which feels like a metaphor for the entire media industry in 2025: Even a roomful of famous brands barely registers in a world run by giant software companies.
Somewhere in that $2.5 billion to $10 billion range is the real answer. But the headline is clear: The networks that once held the entire cable bundle together are now garage sale leftovers. Worth something to someone — but a whole lot less than they used to be.
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Fifty-something years ago, Canadian rock band Rush rocked into the ages. The band wasn’t like others during the seventies — they appealed to the fantasy metal nerds searching for epic proportions of progression, made in a different flavor of rock than the sixties, with which to identify. Teenagers were a big driver of their audience base. Some of those awkward teenagers, such as Billy Corgan of the Smashing Pumpkins, later went on to become rock legends in their own right.
Rush has toured over 30 times, with the most recent tour marking 40 years of touring. The R40 Live Tour took place in 2015 and was the last time fans had the opportunity to see them live; the final show was played at the Kia Forum in Inglewood. After the tour closed in 2015, drummer Neil Peart alluded to his desire to retire. It was quiet for a bit. Fans waited years, hoping that this wasn’t the end.
As it turns out, the band has decided to go on one more tour after all, embarking on a reunion tour in memory of their late bandmate, Peart. Announced as the band's big farewell, the 2026 series is called their Fifty Something tour, and I've broken down how to score Rush tickets below. Keep scrolling to find the information on how you can catch your last chance to see them rock out their final notes before their official retirement, with leads on tickets via StubHub and VividSeats.
Rush is going to be all over the United States for the bulk of their tour. They are starting their show tour in the same venue and place that they played last: in Los Angeles’s Kia Forum, located in Inglewood, California.
Over the course of the tour, they will be visiting 24 cities across the United States, Canada, and Mexico. They’ll be touring major venues like New York’s famed Madison Square Garden, Los Angeles’s Kia Forum, and Chicago’s United Center. We’ve separated things out for you in the US and outside in the charts below.
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How to buy tickets for Rush’s 2026 concert tour
Folks seeking to buy tickets have a lot of opportunities to do so for several of the shows, although some are selling out fast. Some shows have either completely sold out or have very limited options for available tickets. Remember: this is the first tour that they’ve had in a decade and is said to be the last the band will ever do.
They have two shows that aren’t connected to the tour scheduled in Glendale, Arizona, at the end of this year. The first of those two shows has already sold out. Only 1% of tickets were remaining shortly after they went up on StubHub. They aren’t even available on Ticketmaster either.
If you visit Ticketmaster seeking original tickets, you’re met with a notice stating that tickets are either extremely limited or only available through verified resellers. Fans (and resellers looking to get their hands on a bag) are grabbing tickets quickly. This will make getting tickets competitive.
How much are tickets?
The July 17th Chicago show’s tickets are the most expensive to try to snag on StubHub of the tour. (The same date isn’t even available on VividSeats.) They are priced at over a grand for the lowest-priced tickets. This makes so much sense to me as a kid born in the Chicago suburbs who grew up with my dad and cousin Kevin playing Rush. If I had the cheddar to go to one of those shows with my pa & my cousin, I’d be mighty tempted personally. The band has some serious old-school Midwest dad-rock fanfare that you don’t need to be “Fifty Something” to appreciate.
The other most expensive cheap tickets are just under a grand for the December 3rd show at the end of this year. These are currently only available on StubHub. Overall, more ticket dates appear to be available on StubHub compared to VividSeats.
There are also some impressive VIP packages available, if you can secure them and afford them. VIP packages are listed on Rush’s website. There are multiple levels of VIP packages potentially up for grabs. Each level unlocks fan experiences from direct meet and greets and photo ops for the ‘gram, special VIP only merch, autographs, behind-the-scenes tour, great seats, and of course, drinks and networking with fans before the masses who paid for general admission or regular tickets get in.
I peeked at the site to see how much an available VIP package would cost if someone were to go to one of the Los Angeles shows, and, well, it’s pretty expensive. Their lowest VIP package seats were $840 on Ticketmaster. Their second-tier VIP package seats, located four rows from the stage and including a hotel package stay, concert, and assorted goodies, were $2,256 each before taxes.
Who is opening for Rush’s tour?
Rush is doing their own thing and owning the stage for their final bow. They are, however, supported with this by a moderately younger drummer than the rest of the Rush crew. Forty-two-year-old Anika Nilles is from Germany and has previously played with the late English musician Jeff Beck. She will be rocking the drums, channelling the musical stylings of Neil Peart in his absence.
Will there be international tour dates?
Folks seeking to see Rush play live outside the United States will have limited options on where to see them. The band is currently scheduled to perform only in Canada and Mexico. The bulk of their international shows are in Canada, which makes perfect sense given the band’s origins.
There are no shows scheduled in Europe or other international countries and continents. The tour dates all take place in the North American region.
The number of international appearance locations is extremely limited. Only two of the band’s tour dates are happening in Mexico. The remaining 10 international tour dates are scheduled in select cities across Canada.
Who are the Rush band members?
Rush is composed of two current main members: guitarist Alex Lifeson and lead vocalist Geddy Lee. Lee also does bass and keyboard work for the band. The third member of the original band was the late Neil Peart, who died in 2020. Lee and Lifeson have elected to tap German drummer Anika Nilles to step in for Peart during this tribute farewell tour.
Where can I buy Rush band merch?
Folks interested in purchasing Rush merchandise can find a variety of items on Rush’s official website. If you’re thinking about what to get your Rush-loving relative or the dad rock-loving hipster some Rush schwag, there are a bunch of options. They offer a wide range of merchandise, including copies of their music on vinyl, books, T-shirts, glasses, beanies, and more. There’s even a Rush baseball on there. When you go to their site, you’ll see that they are set up for the holidays with sales now too, so you might want to “rush” over there and check it out if that’s your groove.
The Fed cut its benchmark interest rate by 25 basis points on Wednesday.
The meeting featured the most dissent among officials since 2019.
Here are the top takeaways from the latest Fed decision.
The Fed cut interest rates for the third time this year on Wednesday, and the meeting held some key takeaways for how the central bank is thinking about the economy heading into 2026.
From the labor market to inflation to stocks, here's everything to know about the latest Fed decision.
Job market
Fed leaders anticipate more economic growth in 2026 and stable unemployment levels, but are somewhat concerned about slowing labor demand and participation. Lower rates could help juice hiring, Powell said.
In terms of AI, the Fed chair said chatbots are not yet replacing jobs — even as Corporate America sees shrinking while collar roles. "It's part of the story, but it's not a big part of the story yet," he said. And, though some Big Tech firms and major retailers, have had high-profile cuts in 2025, Powell added that overall layoff rates are still relatively low.
Inflation
The figure remains slightly above the Fed's 2% goal, though data is limited due to the government shutdown. With lower rates, there's a risk consumer prices will rise too. At the same time, Powell said consumer spending has been strong and the main driver of inflation right now is tariff policy, not broad economic weakness.
Markets
It was a hawkish rate cut overall, but markets rallied sharply anyway.
The S&P 500 edged up to a near-record close and the Dow jump almost 500 points, adding to gains as Powell's press conference got going. A few things came out of the meeting that boosted investors' bullishness.
The Fed's purchases of short-dated bonds should help keep a lid on yields and boost the appeal of equities.
Powell indicated that a rate hike isn't the base case in the foreseeable future. Markets have been sensitive to how inflation could impact the outlook for rates, and investors welcomed the Fed chief's view.
Emphasis on the labor market hinted that, despite dissent among Fed officials, the focus would remain on strengthening the economy rather than fighting inflation.
Future of the Fed
With Powell's term up in May, Trump is set to name a successor in January.
"I really want to turn this job over to whoever replaces me with the economy in really good shape," he said. "I want inflation to be back down to 2% and I want the labor market to be strong — that's what I want. All of my efforts are to get to that place."
Members of the Federal Open Market Committee showed significant division on Wednesday, with three members dissenting to the cut call. It's the biggest split seen at a Fed meeting since 2019 and signals ongoing tension between the Fed's dual mandate and how each member weighs employment and inflation risks.
Powell, however, said there's no bad blood.
"The discussions we have are as good as any we've had in my 14 years at the Fed," he said. "They're very thoughtful and respectful and people have strong views
The two media giants are in an all-out battle for Warner Bros. Discovery after it accepted Netflix's offer to acquire its studio and streaming businesses for an equity value of $72 billion. David Ellison's Paramount launched a hostile $30-per-share bid for all of WBD on Monday.
Warner Bros. Discovery owns the Warner Bros. film studio, HBO, the HBO Max streaming service, and TV networks such as CNN, TNT, and TruTV. It confirmed receipt of Paramount's unsolicited offer on Monday.
Both entities have made their cases on why they'd be the best owner for WBD. Although internet comedians don't have a say in where the deals land, it hasn't stopped them from weighing in with viral jokes about the dueling companies and their quest to acquire WBD.
Some social media users are poking fun at the back-and-forth with memes about how far each company is willing to go to gain WBD's favor. One post compared the battle for the best offer to a scene from the HBO business drama "Succession," a title Netflix would own if the deal goes through.
The Instagram meme account Litquidity used parody images that appeared to be AI-created of two business leaders speaking at the DealBook Summit to mock how each company is trying to prove its offer is better.
Netflix and Paramount trying to show off why their Warner Bros acquisition offers are better pic.twitter.com/mjpP7sjAnA
Some people seem to be using humor to cope with the idea of more consolidation in Hollywood. They are pushing back on both offers with memes about stopping the looming acquisition completely.
Christopher Nolan, James Cameron, and Steven Spielberg on their way to stop Netflix from buying Warner Bros: pic.twitter.com/pnCAU4kclM
"I'm putting together a team to fight the Netflix Warner Bros merger," one X user captioned a compilation video of various actors and famous filmmakers.
Others speculated on what the movie-watching experience could be like under Warner Bros. Discovery's new ownership. One TikTok video showed a man sitting down to watch a movie, only for the introsto include a confusing mix of studios, backers such as Saudi Arabia's Public Investment Fund, and even a DJ, being played before the movie began.
In the midst of all the jokes, Netflix argues that its offer would be better for consumers and creators, while Ellison says Paramount is more likely to win regulatory approval and offers Hollywood more certainty.
What all of this means in the long run is unclear so far. It could lead to job cuts in the entertainment industry as the giants consolidate their power. The trends of streaming services getting pricier and fewer movies hitting theaters could also continue, as companies release less content, Business Insider previously reported.
Either way — as with many serious big business deals — consumers and industry insiders are finding ways to laugh through it.
Data from Strava and AllTrails found that hiking clubs became more popular in 2025.
Hiking clubs grew in 2025, and National Parks attendance broke a record in 2024.
Hiking and walking groups can feel more low-key and accessible than run clubs.
The run clubs that took off in the past few years were outpaced by hiking.
That's according to new data from Strava, a fitness tracking app, and AllTrails, a hiking navigation app.
Strava's end-of-year report, analyzing data from over 30,000 users, found that hiking clubs grewsixfold in 2025 — nearly double the pace of run clubs. In 2025, AllTrails saw a 20% increase in users (i.e., people who created an account on the app) to 90 million.
Online, you can findhiking clubs for seemingly every preference, whether you're a creative in LA looking for a morning workout, a woman who doesn't want to hike alone in North Carolina, or a "hot girl" on the hunt for new travel companions.
While run clubs are still popular, hiking and walking have an advantage: simplicity. They offer similar health benefits and social perks — without requiring the same stamina or potentially pricey gear.
A pandemic trend that keeps peaking
COVID lockdowns famously drew people to the outdoors, whether they joined run clubs or sought out nearby hikes.
And then there were National Parks, which experienced a surge of visitors since 2020 during the pandemic — and don't seem to be losing their allure. According to the National Parks visitation data, 2024 broke the record for the highest number of visitors of all time at over 331 million, a 28% increase since 2020.
Interest in National Parks has grown since COVID — and reached record-breaking numbers in 2024.
FREDERIC J. BROWN/AFP via Getty Images
Five years after the pandemic, National Parks continue to be popular destinations. "When you start looking at that number as feet on the trail, bodies in the visitor's center, cars on the road, you see that the parks have exploded," Jason Frye, a hiking writer who most recently published a National Parks guidebook, told Business Insider. Strava reported that hiking was the second most popular reason for traveling, behind winter sports.
Carly Smith, chief marketing officer forAllTrails, said its data shows many hikers search for locations over 200 miles from their home. "So we know that people are using us for planning travel and then for navigating and exploring National Parks and other destinations," she said.
Smith believes part of the reason hiking and National Parks continue to be hot is that, for many, life still hasn't changed all that much since the peak-remote work pandemic years. "There are more people working remotely than there were in the past," she said. "Hiking clubs in particular can give people a good sense of community in ways that maybe they aren't finding in other parts of their life."
A more approachable workout
Running isn't the cardio workout for everyone. It's also not the only — or best — way to burn fat.
While sprinting at a very fast pace (zone 4 or zone 5) is great for your heart health, it consumes more carbs than fat compared to a brisk walk or light jog.
That's partlywhy rucking, or walking with weights, became a buzzy fitness trend last year. We saw a boom in networking events where people chat shop while breaking a sweat.
Hiking with heavy backpacks helps burn fat and build muscle at the same time.
Alexandr Dubynin/Getty Images
Price-wise, hiking, rucking, and walking also more financially accessible than joining a luxury gym. Weighted vests, the walking accessories du jour, cost about $30-$40 on Amazon — though a backpack from GoRuck, one of the biggest players in this space, starts at $115.
Plus, in many cases, hiking and walking can be interchangeable: not all hikes have to be strenuous to count, making them less physically and financially daunting.
Frye, who lives in Wilmington, North Carolina, near Great Smoky Mountains National Park, said there are many hiking trails nearby that are "really walks in the woods more than true hikes."
"You can hop out of the car and do it in your flip flops from most of them," he said — no high-tech gear needed.
Yearning for low-stakes socializing
According to Strava's report, walking was the second-most tracked activity in 2025, after running. Along with hiking, both activities can feel like a more low-stakes group activity than a seven-mile run.
Jonathan Jacobs, who started a men's walking group in LA this year, previously told Business Insider that the accessibility of walking made newcomers more likely to show up.
"Men who come to the walks repeatedly tell me that the low barrier to entry — no need to sign up or pay a fee to join — makes it easier for them to commit," he said.
Jonathan Jacobs with his men's group, Men Walking, Men Talking, in Los Angeles.
Courtesy of Jonathan Jacobs
City dwellers who partook in walking Manhattan from "tip to tip" — another popular TikTok trend of the year — also cited it as a memorable (but still low-key) experience with their friends.
Frye believes the hiking hype is all part of the same phenomenon behind the renewed interest in dumb phones and old-school activities like pickling and crocheting.
"There seems to be this cultural shift, away from the digital and more toward the analog," he said. "We're looking at these ways to return to easier things, and it doesn't get much easier than hiking."
Ukrainian naval drones attacked a tanker belonging to Russia's "shadow fleet" on Wednesday.
Screengrab via Security Service of Ukraine video
A Ukrainian security source said naval drones attacked and damaged an oil tanker on Wednesday.
The tanker was part of Russia's "shadow fleet," which is used to move oil despite sanctions.
Ukraine has attacked three of these ships in a matter of days as it targets Russia's energy sector.
Ukrainian forces used naval drones packed with explosives to attack an oil tanker identified as part of Russia's "shadow fleet" in the Black Sea on Wednesday, a security source told Business Insider.
The naval drone strike on the tanker, Dashan, marks the third such attack in less than two weeks as Ukraine ramps up its long-range strike campaign against Russia's energy sector, increasingly gunning for ships at seain addition to land-based oil facilities.
Sea Baby naval drones hit the tanker and caused "critical damage" to the vessel, with early indications indicating that the strike completely disabled the vessel, the source in the Security Service of Ukraine, the country's main internal security agency, revealed on Wednesday.
The SBU source, only authorized to speak anonymously to discuss sensitive military developments, said the Dashan was flying the Comoros flag and moving through Ukraine's exclusive economic zone in the direction of Novorossiysk, a Russian port city and major oil terminal.
Publicly available ship-tracking data last showed the Dashan in the middle of the Black Sea.
The tanker was sailing at maximum speed with its transponder turned off, the security source said. They added that the attack was carried out in cooperation with the Ukrainian navy and shared footage captured by the Sea Baby drones showing multiple hits on the ship.
Several Western countries and the European Union have sanctioned the $30 million tanker, which has been used for Russian oil exports and is known to sail with its transponder switched off, Ukraine's HUR military intelligence agency said.
Business Insider could not independently verify the extent of the damage. Russia's defense ministry and its embassy in the US did not immediately respond to a request for comment.
The attack on Wednesday appears to mark the third time in the last two weeks that Ukraine has disabled a tanker belonging to the "shadow fleet." In late November, the SBU used naval drones to strike and damage two vessels before they loaded at Novorossiysk.
The "shadow fleet" is a collection of hundreds of vessels that Moscow uses to transport oil and circumvent sanctions on its energy exports, a major source of revenue. Ukrainian President Volodymyr Zelenskyy has repeatedly urged Kyiv's international partners to do more to prevent the ships from operating.
"The SBU continues to take active measures to reduce the receipt of petrodollars to the budget of the Russian Federation," the security source said on Wednesday, according to a translation of their remarks shared with Business Insider.
Ukraine has been stepping up its attacks against the Russian energy sector, the revenue from which fuels its war efforts, in recent months. Kyiv has used long-range drones to strike oil refineries and other facilities and infrastructure across the country.
The three tanker attacks appear to reflect a new shift for Ukraine — one that now increasingly attacks ships at sea rather than just land targets.
According to Forbes, he's amassed a fortune worth $491 billion, making him the world's richest person. Musk has said he didn't get there by working a typical 40-hour week, and is insteadknown to have a strenuous schedule that he said has demanded 120-hour workweeks in the past.
Still, the South African mogul shares similarities with the average person in his typical daily routine. Like many of us, Musk enjoys a sweet treat in the morning and spends time scrolling social media.
Here's how his days usually go, according to interviews and posts by Musk himself over the years.
Musk wakes up around 9 a.m. and says he starts every morning with steak and eggs
Grilled Steak & Eggs.
The Cheesecake Factory
Musk told The Wall Street Journal in 2023 that he usually goes to bed around 3 a.m. and sleeps for six hours. So, he's typically waking up around 9 a.m. each day.
He might've been trolling when he wrote a response to a doctor that same year on X saying he eats "a donut every morning," but a quick search of Musk's posts reveals he's quite a fan of the pastry.
Speaking on "The Katie Miller Podcast" in December 2025, he gave an updated glimpse into his morning routine, saying his typical breakfast is "steak and eggs and coffee."
His mornings usually start with his phone in his hand
Elon Musk announces Grok
Getty Images
Musk said in 2022 that he was trying to break the cycle of checking his phone as soon as he woke up. While on the Full Send Podcast, Musk described it as "a terrible habit" he hoped to escape.
But, as of 2023, he still wakes up and immediately looks at his phone for emergencies, the Journal reported.
If his posts on X are any indication, the habit persists. He has been active on the platform since before he acquired it in a $44 billion deal in 2022, often posting at odd hours and in the middle of the night.
It's unclear if Musk slots in time to post and respond to others each day, but it certainly looks like he rarely takes a day off from the app.
"Some days I wake up and look at Twitter to see if it's still working," Musk told Walter Isaacson in the "Elon Musk" biography.
Showering is an important part of his daily routine
During an AMA session on Reddit in 2015, a user asked which of his daily habits impacted his life the most.
"Showering," Musk responded.
He decides which Tesla to commute to the office in
Elon Musk first revealed the Cybertruck in late 2019.
Frederic J. Brown/AFP/Getty Images
As the CEO of one of the leading EV makers in the US, it's no surprise that Musk has more than one option for his daily commute.
When an X user posted a meme about deciding between driving a Cybertruck without autopilot or a Tesla Model S with self-driving technology, Musk responded that it's a choice he faces "every day."
It's unclear if Musk is keeping up with the daily lifting routine he spoke about in 2023
Taylor Hill/Getty Images
Like many, Musk appears to have had ups and downs in his relationship with physical exercise over the years. In 2021, he told Joe Rogan that he'd avoid it altogether if he could.
"I almost never work out, except for picking up my kids & throwing them in the air," he said on X in June 2023.
He skips lunch but is a foodie, and often dines out for dinner
Two Business Insider reporters visited Hollywood's new Tesla Diner within 24 hours of its grand opening.
Sergio Ortiz Jr.
Musk told Miller during his December 2025 podcast appearance that he often skips lunch or eats something "small" for his midday meal.
Dinner, though, can be "anywhere," he told the podcast host, who is married to White House advisor Stephen Miller.
"I like the wide range of cuisine," Musk said, with "American" food like cheeseburgers and pizza being his favorites.
He added, "If I had to say, like, there's only one thing you can ever have for the rest of time, which admittedly would be a bit monotonous, but it would probably be a cheeseburger, because cheeseburgers are amazing. It's a genius invention."
No wonder his Tesla Diner in Hollywood features burgers prominently on the menu.
Sometimes, his work days can last all night
A female SpaceX employee is suing the company for discrimination and retaliation.
Eva Marie Uzcategui
Musk has admitted on several occasions that running more than one company isn't easy. He splits time between his companies depending on the "crisis of the moment," the 54-year-old said in 2021.
One X user pointed out in January 2023 that Musk had testified in a lawsuit in the morning, attended an event at a Nevada Tesla factory in the evening, and worked with Tesla on AI at night — all in one day.
Musk responded that he'd also spent time at "Twitter HQ past midnight."
And then was at Twitter HQ past midnight. Very long day.
"I go to sleep, I wake up, I work, go to sleep, wake up, work—do that seven days a week," Musk told the Journal in 2023. "I'll have to do that for a while — no choice — but I think once Twitter is set on the right path, I think it is a much easier thing to manage than SpaceX or Tesla."
On the Tesla earnings call in April 2024, Musk said: "Tesla constitutes the majority of my work time, and I work pretty much every day of the week. It's rare for me to take a Sunday afternoon off."
Musk goes to bed around 3 a.m. and gets about 6 hours of sleep every night
Elon Musk started buying shares in Twitter in January 2022
NurPhoto
Although he's not getting eight hours a night, Musk has upped his sleeping schedule from being nearly nonexistent in the past.
In May 2023, Musk told CNBC that he's no longer pulling all-nighters. Instead, he said he tries to get at least six hours of sleep.
According to Isaacson's biography of Musk, the billionaire has spent many nights awake and pondering the issues his companies face. His former partner Claire Boucher — known by her stage name Grimes — also told Isaacson that Musk once stayed up all night playing the "Elden Ring" video game when it first came out.
After purchasing Twitter in 2022, Musk all but moved into its San Francisco headquarters. He said there's a couch in the library that he would crash on from time to time.
The federal funds rate will affects mortgages for American homebuyers.
Bim/Getty Images
The Federal Reserve cut rates for the third time this year at its final 2025 meeting.
A rate cut could lower borrowing costs for mortgages and credit cards, bringing relief to consumers.
The central bank penciled in one cut for 2026.
The Federal Reserve made its final decision of 2025, cutting interest rates for the third meeting in a row — and it set the tone for where interest rates will go in the new year.
The call will have ripple effects across consumer prices, the job market, and Corporate America through 2026 and beyond. Here's how the decision will affect you.
Thirty-year fixed mortgages, two-year auto loans, and credit card rates tend to fluctuate alongside the federal funds rate. And, while inflation remains above the Fed's 2% goal, mortgage rates have largely cooled in recent months in anticipation of rate reductions.
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A quarter-point cut could mean lower returns on investment for savers using high-yield savings accounts or certificates of deposit, though it would become cheaper to pay off credit cards. Lower rates would also make home equity lines and small business loans more accessible to Americans.
Elizabeth Renter, senior economist at NerdWallet, told Business Insider the cut could be a positive sign for people applying to roles in the sluggish labor market: If job seekers "hear that the Fed is responding to an unfavorable labor market, that's going to feel good to them; they may feel like relief is on the horizon," she said.
The labor market has shown signs of weakness in recent months. Job seekers of all ages have told Business Insider that they've been through grueling application cycles without an offer, while recruiters are drowning in resumés. Over the summer, the number of Americans looking for work eclipsed the number of available jobs and labor force participation has been trending downward. The unemployment rate, however, is still relatively low, hovering a little above 4% for most of this year.
Sustained rate cuts would bolster the job market by making it easier for businesses to borrow and invest money. This would free up more funds for companies to hire and pay employees, which could lead to higher consumer spending — all factors needed for a healthy economy.
And lower interest rates are historically good news for the stock market. When it's cheaper to borrow money and approve loans, both companies and individuals are more likely to invest. With more funds in the market, Wall Street could see a boost in 2026.
After an initial focus on submarine shipbuilders and shipyards, the AI program will expand to surface ship programs.
US Navy Photo by Mass Communication Specialist 2nd Class Heather C. Wamsley/released
The Navy's investing almost half a billion dollars on a new, Palatir-powered AI system for shipbuilding.
Ship OS sped up the workflow for submarine jobs.
This capability is starting with private and public yards and will steadily expand into other shipbuilding programs.
The Navy is pouring hundreds of millions of dollars into an artificial intelligence system that it says has sped up key shipbuilding processes.
In one case, the AI cut painstaking processes of submarine schedule planning — mapping out how the many pieces of construction fit together and making sure people, parts, and yard space are available at the right time — from many hours to only minutes.
The Navy is launching the new Shipbuilding Operating System, or Ship OS, as it tries to break out of decades-old shipbuilding problems rooted in outdated technologies and work practices. The service announced a $448 million investment Thursday, saying it will accelerate the adoption of AI and autonomy across the industrial base.
The Ship OS technology is powered by Palantir's Foundry and Artificial Intelligence Platform and began in pilot programs at submarine shipyards.
At General Dynamics Electric Boat, a long-time submarine yard located in Connecticut, submarine schedule planning saw a dramatic reduction from 160 manual hours down to under 10 minutes. And at Portsmouth Naval Shipyard in Maine, material review times for submarines went from taking weeks to under an hour.
The $448 million investment will go toward the submarine industrial base and then expand. It'll be deployed across two major shipbuilders, three public yards, and 100 suppliers, Palantir said in a press release.
General Dynamics Electric Boat, a shipbuilder who tested the AI pilot, saw major decreases in time for submarine scheduling.
US Navy photo by John Narewski
"This investment provides the resources our shipbuilders, shipyards, and suppliers need to modernize their operations and succeed in meeting our nation's defense requirements," said Navy Secretary John Phelan in a statement.
"By enabling industry to adopt AI and autonomy tools at scale, we're helping the shipbuilding industry improve schedules, increase capacity, and reduce costs," he added, explaining "this is about doing business smarter and building the industrial capability our Navy and nation require."
Maritime Industrial Base Program, a Navy initiative to revitalize US shipbuilding and repair capabilities, and Naval Sea Systems Command are overseeing the implementation of Ship OS. Both are gathering data from multiple sources to identify where the hiccups are in submarine shipbuilding, how the processes, including engineering, can be sped up, and what specific risks can be mitigated through technology.
Problems in the Navy’s submarine industrial base — from shipbuilders to the repair yards — have been building for decades. Submarines are central to any Pacific fight and a top Pentagon priority, yet major programs like the upgraded Virginia-class submarines and new Columbia-class ballistic missile subs have repeatedly run into delays and cost overruns.
The Government Accountability Office, a government watchdog agency, has documented long-standing problems in the Navy's plans for purchasing and constructing submarines, as well as shipyard deficiencies such as worker inexperience, aging facilities and equipment, and inadequate construction space.
The introduction of the new Ship OS capability aims to address some of these problems facing US submarine shipbuilding. And once the technology has been used for the submarine programs, the Navy said, it'll apply lessons and adapt them to surface ship programs.