Author: Daniel Wilson

Alexis OhanianDavid A. Grogan | CNBCContent aggregator Digg is making a comeback with the help of an unlikely partner: Reddit co-founder and rival Alexis Ohanian.Ohanian and Digg founder Kevin Rose acquired the platform for an undisclosed sum. The deal is backed by venture capital firms True Ventures, where Rose is a partner, and Ohanian’s Seven Seven Six. The partnership was announced Wednesday in a video post to the company’s X account in which Rose called the partnership a “team-up he would have never imagined 20 years ago.”Digg was founded in 2004 and rose to prominence as a major outlet for…

Check out the companies making headlines in midday trading: Box — Shares declined more than 3% after the cloud storage company’s top-line guidance fell short of estimates. Box sees first-quarter revenue coming in between $274 million and $275 million, while analysts polled by LSEG expected $279.5 million. Box’s fourth-quarter revenue of $280 million exceeded Wall Street’s consensus of $279 million. AeroVironment — Shares fell 4.4% after the defense contractor provided weak full-year guidance. AeroVironment expects adjusted earnings for the period to come in between $2.92 and $3.13 per share on revenue of $780 million to $795 million. Analysts surveyed by…

President Donald Trump acknowledges the crowd after his inauguration as the 47th president of the United States, in the Rotunda of the U.S. Capitol in Washington, D.C., Jan. 20, 2025.Shawn Thew | Via ReutersCommerce Secretary Howard Lutnick argued Wednesday that former President Joe Biden — not his boss, President Donald Trump — is to blame for recent negative economic data and a plunge in stock prices.”The president spoke about it last night,” Lutnick said in an interview on Bloomberg Television. “He said Biden left him a pile of poop.””He left him a lot of the economy that [Trump’s] trying to…

WASHINGTON (AP) — Roughly 650 Marines and Army soldiers who were forced out of the military for refusing to get the COVID-19 vaccine have so far expressed interest in returning to the force under an executive order from President Donald Trump, officials said this week.The number represents about 8% of the roughly 8,200 troops who had been discharged. The total, officials say, confirms military leaders’ early view that many troops have moved on with their lives. They have been allowed to rejoin since 2023, and Trump’s offer of providing back pay may be a factor in spurring a bit more…

Apple’s M4 MacBook Air in a marketing photograph.AppleApple on Wednesday announced new MacBook Air models that update the company’s bestselling laptop with a faster M4 chip and an upgraded videoconferencing camera.The computers also got a $100 price cut in the U.S., despite tariffs by President Donald Trump that took effect on Tuesday that experts have said could cause the price of electronics to rise. The 13-inch MacBook Air starts at $999, and the larger, 15-inch model starts at $1,099. Users can pay more for memory and storage upgrades.Although it has the same design as last year’s MacBook Air, the new computer…

LOS ANGELES (AP) — Los Angeles County said Wednesday that it’s suing Southern California Edison, alleging the utility’s equipment sparked January’s Eaton Fire, which destroyed more than 9,400 structures and killed 17 people in the Altadena area.The lawsuit seeks to recover costs and damages sustained from the blaze that damaged “essential community infrastructure” and “massively impacted the County’s natural resources, harmed the environment and wildlife, and threatened public health,” LA County said in a statement. Costs and damage estimates were expected to total hundreds of millions of dollars, the county said, adding that assessments were ongoing. Additional costs have been…

A person exits a Home Depot store in Midtown Manhattan on February 26, 2025 in New York City. Eduardo Munoz Alvarez | Corbis News | Getty ImagesPrivate sector job creation slowed to a crawl in February, fueling concerns of an economic slowdown, payrolls processing firm ADP reported Wednesday.Companies added just 77,000 new workers for the month, well off the upwardly revised 186,000 in January and below the 148,000 Dow Jones consensus estimate, according to seasonally adjusted figures from ADP.The total was the smallest increase since July and comes at a time when worries are rising that economic growth is slowing and…

Ford says it appreciates Trump’s move to delay auto tariffsFord released a statement Wednesday after the White House announced it would implement a one-month delay on auto industry tariffs.”As America’s top auto producer, we appreciate President Trump’s work to support our industry and exempt auto companies complying with USMCA,” the statement said.”Since President Trump’s successful USMCA was signed, Ford has invested billions in the United States and committed to billions more in the future to both invest in American workers and ensure all of our vehicles comply with USMCA. We will continue to have a healthy and candid dialogue with…

WASHINGTON (AP) — The Department of Veterans Affairs is planning a reorganization that includes cutting over 80,000 jobs from the sprawling agency that provides health care for retired military members, according to an internal memo obtained Wednesday by The Associated Press.The VA’s chief of staff, Christopher Syrek, told top-level officials at the agency Tuesday that it had an objective to cut enough employees to return to 2019 staffing levels of just under 400,000. That would require terminating tens of thousands of employees after the VA expanded during the Biden administration, as well as to cover veterans impacted by burn pits…

WASHINGTON (AP) — The Trump administration on Wednesday moved to drop an Idaho emergency abortion case in one of its first moves on the issue since President Donald Trump began his second term. The Justice Department filed a motion to dismiss the lawsuit, which was originally filed by the Biden administration, and allow Idaho to fully enforce its strict abortion ban even during emergency situations. A judge quickly blocked that enforcement, though, after doctors said it could force them to airlift women to other states to get standard critical care without the risk of running afoul of the law. The…