Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The world's richest man once stress-tested adulthood with hot dogs, oranges and a grocery budget smaller than the price of a gas-station coffee today. Long before Tesla and SpaceX turned Elon Musk into one of the most recognizable billionaires on the planet, Musk said he deliberately tried living o...
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The world's richest man once stress-tested adulthood with hot dogs, oranges and a grocery budget smaller than the price of a gas-station coffee today. Long before Tesla and SpaceX turned Elon Musk into one of the most recognizable billionaires on the planet, Musk said he deliberately tried living on roughly $1 a day for food after arriving in North America as a teenager. The goal was not extreme dieting or a social experiment for attention. He wanted proof that even if every ambitious idea failed, he could still survive. "I figured I could be in some dingy apartment with my computer and be okay and not starve," Musk told astrophysicist Neil deGrasse Tyson on "StarTalk Radio" in 2015. Don't Miss: The Tesla and SpaceX CEO explained that he tested the idea shortly after moving to Canada at 17 before eventually attending the University of Pennsylvania. "I'd try to live on $1 a day, which I was able to do," Musk said. "You sort of just buy food in bulk at the supermarket." Tyson guessed "rice and beans," but Musk had another menu in mind. "Yeah, I went more for the hot dogs," Musk said. "Hot dogs and oranges. But you do get really tired of hot dogs and oranges after a while." To stretch the ultra-tight budget even further, Musk said he relied on cheap, filling staples that could last several meals without costing much. "You know, pasta and green pepper and a big thing of sauce, that can go pretty far too," Musk told Tyson. "So I was like, oh, okay, if I can live for a dollar a day, then at least from a food cost standpoint, it's pretty easy to earn like $30 in a month," Musk said. Trending: More Than Half of Americans Aren't Prepared for Retirement — Including 62% of Gen Y That $1 Would Not Go Very Far Today In the early 1990s, Musk's $1 daily food budget worked out to roughly $30 a month. Adjusted for inflation, that equals a little more than $2 a day now. The problem is...
Chinese electric vehicle (EV) makers are speeding up their pivot to the premium segment, where they hope to secure higher profit margins and dodge the cutthroat market’s most vicious price competition. New models launched by carmakers including Nio and Seres also mount a challenge to Tesla ’s bestselling Model Y in the world’s largest EV market. “Intensified efforts to gain ascendancy in the premi...
Chinese electric vehicle (EV) makers are speeding up their pivot to the premium segment, where they hope to secure higher profit margins and dodge the cutthroat market’s most vicious price competition. New models launched by carmakers including Nio and Seres also mount a challenge to Tesla ’s bestselling Model Y in the world’s largest EV market. “Intensified efforts to gain ascendancy in the premium segment show the carmakers’ confidence in their technologies,” said Chen Jinzhu, CEO of consultancy Shanghai Mingliang Auto Service, adding that among cars priced above 300,000 yuan (US$44,254), the battle was often “on the technological front, rather than pricing”. Advertisement Shanghai-based Nio priced its ES9 SUV, which has a range of 580km, at 498,000 yuan on Wednesday. The company bills the new model as the market’s largest pure-electric SUV. The car was designed for family use but could also be an alternative to a multi-purpose vehicle for commercial buyers, Nio said. Also on Wednesday, Seres unveiled its refreshed M9 SUV under the Aito EV brand , which starts at 479,800 yuan. Its pure electric variant has a driving range of 750km. Advertisement Other carmakers including Zeekr, a premium EV subsidiary of Geely Auto , and Xpeng , well known for its self-driving technology, have also recently unveiled spacious, longer-range SUVs.
In mid-December last year, a ship eased toward the dock off Puducherry, a former French colony on India’s southeastern coast. Smaller boats fanned out around it in a choreographed display, spelling out a new political party’s acronym — LJK — across the water. Draped in party colors and calibrated for photographs and social media, the vessel served as both stage and spectacle. From its deck, Charle...
In mid-December last year, a ship eased toward the dock off Puducherry, a former French colony on India’s southeastern coast. Smaller boats fanned out around it in a choreographed display, spelling out a new political party’s acronym — LJK — across the water. Draped in party colors and calibrated for photographs and social media, the vessel served as both stage and spectacle. From its deck, Charles Martin announced his entry into electoral politics. This month, that theatrical debut translated into victory at the ballot box, marking a decisive turn for one of India’s most powerful, and until recently least visible, political financiers. Charles is the son of Santiago Martin, a reclusive lottery tycoon whose money has coursed through Indian politics for years even as he himself stayed largely out of view, despite long-running federal investigations into his business dealings. “Increasingly, business people enter politics because the direct route pays more dividends compared to providing money for campaigns,” said Professor K Nageshwar, a former member of the state legislative counciland professor of journalism at Hyderabad’s Osmania University. “There is a marriage of convenience. Businessmen invest in politics because they need patronage, contracts, licenses.” Though little known outside India’s lottery industry, Santiago Martin has for years occupied a singular position in the country’s political and business landscape. Known as the “Lottery King,” he built one of India’s largest lottery empires, amassed a fortune, and emerged in 2024 as the country’s single largest political donor. At the same time, federal authorities were investigating him and his companies in cases stretching back more than a decade. Now, even as those cases continue, members of the Martin family are moving directly into electoral politics, winning seats across rival parties in southern India. Campaigns in Puducherry rarely draw national attention — the enclave sends just one lawmaker to India’...
"At Pfizer, everything we do starts with patients and the urgency to change what's possible for people living with cancer," said Jeff Legos, Chief Oncology Officer, Pfizer . "This collaboration brings together two highly complementary engines of innovation with a shared ambition to move faster, go further and deliver truly transformative medicines to patients who are waiting. By combining Innovent...
"At Pfizer, everything we do starts with patients and the urgency to change what's possible for people living with cancer," said Jeff Legos, Chief Oncology Officer, Pfizer . "This collaboration brings together two highly complementary engines of innovation with a shared ambition to move faster, go further and deliver truly transformative medicines to patients who are waiting. By combining Innovent's discovery and early clinical development with Pfizer's global research and development and commercialization capabilities, we have an opportunity not only to strengthen our pipeline, but to accelerate the delivery of breakthroughs that can redefine standards of care and make a meaningful difference in patients' lives." "This agreement brings together best-in-industry expertise of Pfizer and Innovent to advance novel cancer medicines to patients at a global scale," said Dr. Hui Zhou, Chief R&D Officer (Oncology Pipeline) of Innovent . "By leveraging both companies' complementary resources, we can develop our early-stage oncology pipeline with greater speed and impact to help bring innovative therapies to patients more efficiently worldwide. Furthermore, co-developing and co-commercializing key projects in the U.S. and Europe expands Innovent's global reach. At Innovent, we are laying the foundation for a truly global oncology platform that can deliver meaningful and lasting benefits for patients around the world." The agreement spans a portfolio of 12 programs comprising eight Innovent-originated early-stage programs and four Pfizer-proposed discovery programs. The companies will co-develop and share costs for select programs as they advance these programs through clinical development. The strategic collaboration brings together Innovent's scientific discovery and clinical capabilities in oncology innovation with Pfizer's deep scientific expertise, global clinical development capabilities, regulatory leadership and commercial scale, which are highly complementary to each ...
"This agreement brings together best-in-industry expertise of Pfizer and Innovent to advance novel cancer medicines to patients at a global scale," said Dr. Hui Zhou, Chief R&D Officer (Oncology Pipeline) of Innovent. "By leveraging both companies' complementary resources, we can develop our early-stage oncology pipeline with greater speed and impact to help bring innovative therapies to patients ...
"This agreement brings together best-in-industry expertise of Pfizer and Innovent to advance novel cancer medicines to patients at a global scale," said Dr. Hui Zhou, Chief R&D Officer (Oncology Pipeline) of Innovent. "By leveraging both companies' complementary resources, we can develop our early-stage oncology pipeline with greater speed and impact to help bring innovative therapies to patients more efficiently worldwide. Furthermore, co-developing and co-commercializing key projects in the U.S. and Europe expands Innovent’s global reach. At Innovent, we are laying the foundation for a truly global oncology platform that can deliver meaningful and lasting benefits for patients around the world." "At Pfizer, everything we do starts with patients and the urgency to change what’s possible for people living with cancer," said Jeff Legos, Chief Oncology Officer, Pfizer. "This collaboration brings together two highly complementary engines of innovation with a shared ambition to move faster, go further and deliver truly transformative medicines to patients who are waiting. By combining Innovent’s discovery and early clinical development with Pfizer’s global research and development and commercialization capabilities, we have an opportunity not only to strengthen our pipeline, but to accelerate the delivery of breakthroughs that can redefine standards of care and make a meaningful difference in patients’ lives." The agreement spans a portfolio of 12 programs comprising eight Innovent-originated early-stage programs and four Pfizer-proposed discovery programs. The companies will co-develop and share costs for select programs as they advance these programs through clinical development. The strategic collaboration brings together Pfizer’s deep scientific expertise, global clinical development capabilities, regulatory leadership and commercial scale with Innovent’s scientific discovery and clinical capabilities in oncology innovation, which are highly complementary to each co...
It started with a tax bill. Tom, a Beijing-based tech executive, had for years been trading overseas stocks without any backlash from local authorities. Chinese citizens buying and selling shares in foreign markets is officially illegal – besides a few permitted routes – but it’s also widespread. For many, the government’s inaction in closing loopholes for so long made it seem like these trades we...
It started with a tax bill. Tom, a Beijing-based tech executive, had for years been trading overseas stocks without any backlash from local authorities. Chinese citizens buying and selling shares in foreign markets is officially illegal – besides a few permitted routes – but it’s also widespread. For many, the government’s inaction in closing loopholes for so long made it seem like these trades were within the spirit if not the letter of the law. The first warning sign was when Chinese tax officials hit Tom with a 100,000 yuan ($14,750) bill for his gains on overseas stock trading. Soon after, regulators went much further: shutting down the very channels that allowed him and hundreds of thousands of others to trade abroad in the first place. China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least $330 million of penalties, vowing stricter controls for banks and quietly ramping up pressure on the country’s richest people and the vehicles they use to hold overseas assets. The shift has ramifications for everything from Hong Kong’s stock market — buttressed by demand from mainland China — to the hordes of law firms, financial advisers and investment funds that help Chinese citizens manage their money overseas. Officials have cracked down on trust structures favored by China’s ultra-wealthy. They’ve pushed back against so-called red-chip listings , which Chinese companies use to raise money overseas without direct oversight of local tax officials. They have effectively hiked taxes on private equity and venture capital firms backed by foreign investors. The biggest jolt came last week when authorities moved against Futu Holdings Ltd. , Up Fintech Holding Ltd. -owned Tiger Brokers and Long Bridge Securities Ltd. for allegedly operating on the mainland without a license. Regulators vowed to confiscate all “illegal gains” from their domestic and overseas entities. The shares of Futu and Up Fintech pl...
Explore the exciting world of Costco (NASDAQ: COST) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of April 8, 2026. The video was published on May 28, 2026. Continue reading
Explore the exciting world of Costco (NASDAQ: COST) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of April 8, 2026. The video was published on May 28, 2026. Continue reading
大型资产管理公司正在推出一批主动管理型新兴市场ETF,并将它们定位为AI概念股主导的基准指数的替代品进行推介。 包括瑞士百达资产管理、普徕仕和Baron Capital Group在内的多家机构,今年相继推出了投资大宗商品生产商和技术供应商等企业的基金。他们认为,这些企业在目前被广泛追踪的指数中代表性不足。这些新产品的问世标志着一种策略上的转变,即从此前紧盯MSCI新兴市场指数的被动投资策略中脱离...
Keely Hodgkinson has dangled the intriguing possibility that July’s London Diamond League meeting could be the day where she takes down Jarmila Kratochvilova’s 42-year-old 800m world record. The Olympic champion said she would wait until closer to the time before deciding whether to attempt to better the Czech’s time of 1min 53.28sec, the oldest track and field world record still standing. She j...
Keely Hodgkinson has dangled the intriguing possibility that July’s London Diamond League meeting could be the day where she takes down Jarmila Kratochvilova’s 42-year-old 800m world record. The Olympic champion said she would wait until closer to the time before deciding whether to attempt to better the Czech’s time of 1min 53.28sec, the oldest track and field world record still standing. She joked that the meeting could turn into a “battle of the world records”, with Josh Kerr, Britain’s 1500m 2023 world gold medallist, aiming for a world mile record and the pole vaulter Armand Duplantis also competing. “I would love to have that happen on home soil,” she said when asked about taking a crack at the 800m world record. “I get really excited about London. There’s just the whole crowd and everything. As a British person it’s just so much fun and it’s definitely the main thing I’m looking forward to this year. It might be a battle of the world records and who can get about one.” “We have a plan A of what we would like to happen. Obviously, the sport has its own plans sometimes. If I happen to come into shape where I want to go at it sooner or it happens to be later in the season, that could just be how it goes.” View image in fullscreen Britain’s Josh Kerr will take part in the mile in London in July. Photograph: Sports Press Photo/Getty Images Hodgkinson confirmed she was in prime shape having kicked on in training after breaking the world indoor record in February and winning the world indoor championships in March. “So far, the preparation has gone very, very well,” she said. “I’m very happy with where I’m at, I’m building on the indoor season that we’ve had. I’ve been healthy for a year now. I’ve not missed a training session, so I’m in a really, really good place. I’ve been able to put together a speed block that we hope is going to come together with my 800 in a few weeks.” The 24-year-old starts her outdoor season next week with a 400m in Rome before travell...
A huge fire destroyed a two-storey block of flats in Dallas, Texas on Thursday, causing fatalities and injuring at least four people. The search for the missing people is continuing, a fire official said. The blaze sent huge plumes of black smoke into the sky and drew a massive firefighter response. “There have been fatalities at this point,” Dallas Fire-Rescue Deputy Chief Mark Berry said at a ne...
A huge fire destroyed a two-storey block of flats in Dallas, Texas on Thursday, causing fatalities and injuring at least four people. The search for the missing people is continuing, a fire official said. The blaze sent huge plumes of black smoke into the sky and drew a massive firefighter response. “There have been fatalities at this point,” Dallas Fire-Rescue Deputy Chief Mark Berry said at a news conference, adding the mission has changed from rescue to recovery. “Let us work through the recovery phase and get a total number.” Advertisement Dozens of firefighters searched through the smouldering rubble of the building on the outskirts of downtown Dallas on Thursday afternoon, even as colleagues continued to drench the blackened debris. Berry said firefighters were responding to a call of a gas leak when an explosion happened. Advertisement “We had the cavalry coming,” Berry said. “But the explosion had already taken place.”
bombermoon/iStock via Getty Images First Solar ( FSLR ) settled up 10.8% on Thursday, posting its sixth straight daily gain and an 18-year intraday high of $310.42, a surge UBS analyst Catherine Gordon attributes to falling yields, renewed policy momentum, and a potential announcement next month on Section 232 tariffs on polysilicon imports . First Solar ( FSLR ) is the standout mover in anticipat...
bombermoon/iStock via Getty Images First Solar ( FSLR ) settled up 10.8% on Thursday, posting its sixth straight daily gain and an 18-year intraday high of $310.42, a surge UBS analyst Catherine Gordon attributes to falling yields, renewed policy momentum, and a potential announcement next month on Section 232 tariffs on polysilicon imports . First Solar ( FSLR ) is the standout mover in anticipation of possible tariff news in mid-to-late June, Gordon says, with measures potentially including a minimum import price alongside tariffs, and scope for domestic manufacturing investments to be used as an offset to tariff liability. "The prevailing dynamic has been 'buy the rumor and buy the news,' with momentum building into the expected policy update," Gordon writes, adding that the next key catalyst for First Solar ( FSLR ) beyond Section 232 likely will be order commentary on Q2 earnings calls. GLJ Research analyst Gordon Johnson upgraded his rating on First Solar ( FSLR ) to Buy from Hold with a $315 price target, citing a meaningful reduction in debooking risk and the view that a pending Section 232 decision is an imminent positive catalyst. Roth Capital also pointed to Section 232 as likely a "positive catalyst" for First Solar ( FSLR ), noting the company's CdTe technology isolates it from the effects of the trade war over silicon-based solar products. "The Middle East conflict is reinforcing solar, batteries, and wind as sources of domestic, quick-to-deploy supply, with customers prioritizing cost visibility, resilience, and lower exposure to gas-price volatility," Bloomberg Intelligence analyst Rob Barnett said in a note. Data center demand for utility-scale solar is also increasing, with 183 GW of U.S. additions expected during 2026-30, according to BloombergNEF. ETF: ( TAN ) More on First Solar First Solar Suffers Regulatory/Demand Uncertainty - Wait On The Sidelines First First Solar: Still Providing Plenty Of Downside Risk First Solar: RIsing Fossil Fuels Kee...
Tesla's Austin robotaxi fleet was also reportedly linked to 17 known incidents between July 2025 and April 2026, including two involving minor injuries. Illustration Musk seeks to launch Fully autonomous driving (FSD) software in China, in Suqian, Jiangsu province, China, April 28, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) Loading... Loading... Loading... Loading......
Tesla's Austin robotaxi fleet was also reportedly linked to 17 known incidents between July 2025 and April 2026, including two involving minor injuries. Illustration Musk seeks to launch Fully autonomous driving (FSD) software in China, in Suqian, Jiangsu province, China, April 28, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Texas regulatory data showed Tesla has 42 authorized driverless vehicles in the state, compared with 577 for Waymo, 317 for Avride and 35 for Zoox. Former Tesla data labelers and engineers apparently said that FSD continued to struggle with emergency vehicles, school buses, and pedestrians, among others. The report also questioned Tesla's FSD safety claims and noted ongoing NHTSA investigations into Autopilot and FSD-related incidents. Shares of Tesla, Inc. (TSLA) slipped 1% in overnight trading ahead of Friday, after fresh regulatory data showed that Waymo's robotaxi fleet is over 13x larger than Tesla's, while a separate report detailed concerns from former employees about the performance and safety of Tesla's Full Self-Driving (FSD) tech. TSLA stock climbed 0.4% on Thursday to end at $442.1, with shares poised to record a second weekly gain and their best month since September. Read Next Loading... Loading... Waymo Outpaces Tesla In Texas New registration data filed under Texas' autonomous vehicle rules showed that Tesla has 42 authorized driverless vehicles in the state, compared with 577 for Alphabet-owned Waymo. Tesla also trails Avride, which has 317 automated vehicles, while Amazon-backed Zoox has 35. The fleet figures emerged under new Texas rules that require autonomous vehicle operators to disclose fleet sizes and certify that their vehicles meet Level 4 self-driving standards. The figures provide the clearest look yet at Tesla's ro...
Image source: The Motley Fool. Thursday, May 28, 2026 at 4:30 p.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Feng-Ming Wang Chief Financial Officer — John Young Vice President, Corporate Development — Louis Gerhardy TAKEAWAYS Revenue -- $100 million, down 0.5% sequentially and up 16.9% year over year, landing slightly above the midpoint of guidance. -- $100 million, down 0.5% se...
Image source: The Motley Fool. Thursday, May 28, 2026 at 4:30 p.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Feng-Ming Wang Chief Financial Officer — John Young Vice President, Corporate Development — Louis Gerhardy TAKEAWAYS Revenue -- $100 million, down 0.5% sequentially and up 16.9% year over year, landing slightly above the midpoint of guidance. -- $100 million, down 0.5% sequentially and up 16.9% year over year, landing slightly above the midpoint of guidance. Automotive revenue -- Achieved a new all-time quarterly record, with a strong above-seasonal double-digit percentage increase on a sequential basis. -- Achieved a new all-time quarterly record, with a strong above-seasonal double-digit percentage increase on a sequential basis. IoT revenue -- Accounted for about three-fourths of total revenue and was seasonally down; enterprise security camera market showed a high single-digit sequential increase, offset by a double-digit sequential decline in consumer IoT. -- Accounted for about three-fourths of total revenue and was seasonally down; enterprise security camera market showed a high single-digit sequential increase, offset by a double-digit sequential decline in consumer IoT. Non-GAAP gross margin -- 59.9%, slightly above the midpoint of the 59%-60.5% guidance range. -- 59.9%, slightly above the midpoint of the 59%-60.5% guidance range. Non-GAAP operating expense -- $56.4 million, below the guidance midpoint of $55 million to $58 million. -- $56.4 million, below the guidance midpoint of $55 million to $58 million. Non-GAAP net profit -- $5 million, or $0.11 per diluted share. -- $5 million, or $0.11 per diluted share. Cash and marketable securities -- $278 million, down $34.8 million sequentially, but up $18.4 million from the prior year, mainly due to intentional inventory build for new product cycles. -- $278 million, down $34.8 million sequentially, but up $18.4 million from the prior year, mainly due to intentional inventory build fo...
A year ago, Intel (INTC 0.72%) looked like a company investors had given up on. Its stock briefly traded below $18, its foundry business was bleeding cash, and rivals had lapped it in the race to power artificial intelligence (AI). So far in 2026, though, the chipmaker has staged one of the more improbable comebacks in big tech, with shares up about 225% as of this writing. Plenty of headlines hav...
A year ago, Intel (INTC 0.72%) looked like a company investors had given up on. Its stock briefly traded below $18, its foundry business was bleeding cash, and rivals had lapped it in the race to power artificial intelligence (AI). So far in 2026, though, the chipmaker has staged one of the more improbable comebacks in big tech, with shares up about 225% as of this writing. Plenty of headlines have fueled the move. There's a reported preliminary agreement to make chips for Apple, a tie-up with Elon Musk's sprawling "Terafab" project, and a number of significant supply deals with cloud customers. But strip those away and one argument keeps surfacing as the reason the rally could have legs: a shift in where AI workloads run that may finally play to Intel's oldest strength. A turn investors didn't see coming For years, the chip conversation was about graphics processing units (GPUs) -- the accelerators from Nvidia and others that train large AI models. Intel, whose bread and butter is the central processing unit (CPU) that anchors servers and PCs, was largely left out of the story. But the CPU is suddenly becoming a key component in the AI era. When Intel reported its first-quarter results last month, the standout wasn't the headline revenue figure of $13.6 billion, up about 7% year over year. It was the data center and AI division. Revenue there climbed 22% year over year to $5.1 billion, and the segment's operating margin more than doubled to roughly 31% from about 14% a year earlier. Notably, this was an acceleration from 9% growth in the prior quarter. Intel CEO Lip-Bu Tan tied the improvement directly to how AI is evolving. "For the last few years, the story around high-performance computing was almost exclusively about GPU and other accelerators," he said during the company's first-quarter earnings call. "In recent months, we have seen clear signs that the CPU is reinserting itself as the indispensable foundation of the AI era." The agentic AI bet Sure, training ...