Stock Movers: Tesla, Circle, Hims
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec. - Tesla (TSLA) shares climbed after the automaker rolled out its long-promised driverless taxi service to a handful of riders, a modest debut for what Elon Musk sees as a transformative new business line. The first robotaxi trips were limited to a narrow portion of Tesla's hometown of Austin on Sunday, with an employee sitting in the front passenger seat of each vehicle to monitor for safety. The carmaker hand-picked a friendly group of retail investors and social-media influencers to serve as initial riders and live-stream their trips. - Circle (CRCL) shares extended gains for a third consecutive session after the Senate passed stablecoin legislation last week. - Hims & Hers (HIMS) shares dropped following news that Novo Nordisk was scrapping a partnership with the upstart telehealth platform after less than two months. Hims, a telehealth platform, wasn't stepping back enough from its practice of mass marketing off-brand imitations of the weight-loss medicine, Novo executives said. 'The big issue with Hims is that we had an agreement that the mass compounding would stop and unfortunately it didn't stop,' said Ludovic Helfgott, executive vice president of product and portfolio strategy at Novo, in an interview. 'That's why we ended the partnership.' In a post on X, Hims Chief Executive Officer Andrew Dudum called Novo executive comments 'misleading.' He said Novo had been pressuring Hims to 'steer patients to Wegovy regardless of whether it was clinically best for patients.'
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12 minutes ago
- Yahoo
Will Stablecoins Kill Visa's Cash Cow?
New stablecoin legislation puts Visa's dominance at risk. Stablecoins have a long way to go before replicating the card-network ecosystem. Visa stock is down but it doesn't look cheap today. 10 stocks we like better than Visa › Cryptocurrency is threatening Visa's (NYSE: V) business again in the form of stablecoins -- at least, that's today's narrative. The payments-network giant is down almost 10% from all-time highs, likely due to new stablecoin legislation that's working its way through Congress. Merchants and financial technology players are building acceptance of these cryptocurrencies as a way to pay for goods and services, perhaps circumventing Visa altogether. What are stablecoins? Do they pose a threat to Visa's business? Here's why you can rest easy holding Visa stock in your portfolio today, despite these blustery headlines. Stablecoins are cryptocurrencies with a value pegged against a fiat currency, such as the U.S. dollar. Circle's USDC stablecoin is (theoretically) always available to exchange 1-for-1 for U.S. dollars, making it a currency more reliable than Bitcoin. Legislation around stablecoins passed the U.S. Senate last week. This will bring official regulations for the cryptocurrencies, making sure issuers have proper reserves to pay back customers. It also assures they go through regular audits of their balance sheets. This news sparked a sell-off in Visa and other payment networks because merchants across the board are now closer to having the green light to accept stablecoins legally in the U.S., as well as other countries. For example, Stripe is working to bring USDC as an acceptable currency for payments for Shopify merchants, making it a competitive option to Visa. Merchants want to build new payment systems to avoid the 2%-3% fee charged by Visa and its banking partners whenever a credit card is used to process a transaction. 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The Verge
14 minutes ago
- The Verge
Windows 11's indicators for volume and brightness can soon be moved out of the way
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19 minutes ago
- CNET
Don't Overpay for Internet: 8 Ways to Slash Your Internet Bill
These days having access to internet service at home is less of a luxury and more of a necessity. However, that doesn't mean that reliable, high-speed internet service comes cheap. On average, Americans are paying $78 per month for service at home, and according to a recent CNET survey, that bill has gone up dramatically since 2024. Your internet bill can easily jump, especially if you're renting a router from your provider or dealing with regular price increases. There are a few cheaper internet providers, but they often come with lower speeds or other drawbacks. In most cases if you want high-speed internet you'll be looking at a higher bill. Whether you use the internet for remote work, streaming your favorite shows, online gaming or keeping up with family, it's hard to live without a decent internet connection. We get it. To keep your budget in check and avoid overpaying for broadband, there are a few simple ways to achieve a lower internet bill. 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If you're using too much data every month, it may be time to upgrade to the next tier or to move on to an ISP that doesn't enforce data caps. 2. Evaluate how much speed you really need You want the fastest speed available, right? Some folks have access to a 50Gbps plan, for goodness sake! But let's be honest. While most of us like the idea of having the fastest internet speed available, we probably don't need it. A fast internet plan is probably near the top of your priority list if you work from home and have others in the house (whether several roommates or a family). But that could still mean you can lean on a 500Mbps plan before jumping right to a full gigabit tier or even a multi-gigabit plan. But if it's just you and a roommate or spouse, or you're not working remotely and using your internet service for little more than email and streaming, you may want to consider lowering your internet speed even more. Perhaps you can hop down from a gigabit plan to a 500Mbps tier. That could be an easy way to get a lower internet bill without impacting the quality of your broadband experience. To evaluate your household's speed use, you can turn to our internet speed guide. Count the number of devices in your home that use significant bandwidth (including those smart home devices!), the number of heavy internet users in your house and the amount of data you're consuming monthly. That should give you a good picture of whether you're getting enough speed. 3. Minimize your devices, if you can This is tough because our homes have become increasingly filled with connected devices, including smart TVs, phones, gaming consoles, voice assistants, smart thermostats, security cameras, smartwatches, etc. The more smart home gadgets you have, the more they'll hog your bandwidth. If you're the only one in your household, you can better wrangle these so they don't eat up your data cap (if you have one) or start to bring down your home's overall speed. Fewer devices mean you might avoid paying data overage fees and get more effective internet service. On the other hand, this probably won't work if you have other people in your home -- like family or roommates -- and they all have multiple devices. It's one thing to ask your family or roommates to turn off (or minimize the use of) their devices so you can stream a big game but it's another to ask them to give them up altogether. In a larger household, knocking down the number of devices connected to your home internet may be hard.4. Explore low-cost internet options Another potential way to reduce your spending and get a lower internet bill is to look into what discount programs might be available. You should start your search with government programs to help eligible customers cut costs. Lifeline is a program that offers assistance to low-income households, offering about $9 monthly off your broadband bill if you're eligible. Our low-income internet state-by-state guide has a breakdown of ISPs with low-cost offerings or state programs that may help with your bill. While you can use the funds and discounts from federal programs like Lifeline on your internet plan, you can also couple those subsidies with providers' low-cost plans, almost all of which are $30 or less. In the past, that might have meant paltry speeds of 10Mbps or less, but since 2022, many providers have committed to offering low-cost plans with a minimum of 100Mbps download speed in accordance with the new FCC guideline on broadband speeds. That's a significant difference. 5. Research available competitors Shop a bit before making up your mind about your next internet provider. Sarah Tew/CNET Now that you know your internet speed, what you use it for and what you're paying to receive your home broadband, it's time to shop around. A lot of internet competitors are vying for your business -- and they try to make it as enticing as possible for customers to switch over. For example, T-Mobile and Verizon have aggressively entered the home internet space with their 5G home internet products. Verizon 5G Home Internet offers a range of perks and streaming add-ons and a contract buyout if you're stuck with another ISP. T-Mobile 5G Home Internet offers similar perks, like a pre-paid Mastercard up to $300. Other providers will happily give you an introductory rate less than what you currently pay. Sometimes, smaller, local ISPs can provide a better rate than the internet behemoths such as AT&T and Xfinity but that's not always the case. Use our comparison shopping tool to research providers in your area. Before signing up, get an idea of your monthly costs when you switch your internet service to a new provider. Compare what you're paying now to what you'll pay for the next month, six months and year. Along with that, what's the cost after the promo plan ends? Consider your long-term use as well. With the competitive landscape out there, try to find internet providers without long-term contract requirements -- unless you know that you're getting the best possible rate at your address. Starlink Satellites Are Bringing Internet to Millions. We'll Explain the Pros and Cons Starlink Satellites Are Bringing Internet to Millions. We'll Explain the Pros and Cons Click to unmute Video Player is loading. Play Video Play Skip Backward Skip Forward Next playlist item Unmute Current Time 0:00 / Duration 2:38 Loaded : 22.50% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 2:38 Share Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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Use your own equipment Some internet providers charge an extra monthly fee for renting a modem and router. That fee can range from $5 monthly to as much as $20. In many cases, it may be cheaper to buy your own instead of paying an additional $15 monthly for several years. Plus, you may find you can get a higher-performing, faster router than the one being leased to you by your ISP. CNET's Joe Supan tested this by purchasing his equipment and saving hundreds of dollars as a result. While the cost for a router may seem like a lot upfront (many decent routers cost between $100 to $200), that cost will likely pay for itself after a year. And you can continue saving on your internet bill each month. 7. Bundle your broadband Obviously, your internet connection isn't the only household service you pay for. You could pay less by bundling your internet with other services, such as your cellphone and cable TV plans. For instance, T-Mobile and Verizon offer customers a $10 or $20 discount if they bundle their home internet with eligible mobile plans. See if your provider offers discounted bundle packages. If you like the offer, signing up through the company's website is usually easy. This is a good idea if you use what you buy. If you've cut the cord and are now a streaming household, buying a cable TV package might not be the best move. But there are plenty of mobile and internet bundles to choose from to help cut costs. 8. Negotiate with your internet provider You've reviewed your bill and checked your internet speed. You've counted how many devices you have and compared competing offers. Now you can take the final step and try negotiating with your current ISP. It's a daunting prospect, but ultimately, it is one of the most important ways to get a lower internet bill. If you've had the same provider for a few years, it's more likely to work with you on lowering your bill. Many will ask the same questions: Can you reduce your internet speed? Can you increase your internet speed (they'll often try to lure you to a higher speed by offering better promos and a better cost per Mbps)? Now that you've done all the research and evaluation, you're better equipped to wisely answer those questions. Before you pick up the phone, do your research on the internet plans from competing ISPs available at your address. If you mention offers from competitors you've come across, your customer service rep may give you a deal to keep you a happy customer. Knowing about competing offers gives you an advantage: Your provider knows you can move on to another ISP if you don't like what you currently have or what's offered. Ask your current provider if any internet deals are available for new customers. If you haven't found a deal that works for your budget (or you've run into an inflexible sales agent), it's all right to end the call and try again later -- or plan on ending service with that provider so you can switch to a better one. Don't be afraid to cancel your service. It may take some time to close one account and open another, but saving a significant amount is worth it. Remember, though, that it's not just about the promotion period. Otherwise, you may need to negotiate your internet bill this time next year when the promo rate is over. Save money on your internet bill FAQs Is it possible to get your home internet service free? Maybe. You'll need to take advantage of some federal programs to do so. Start with Lifeline, a government program that can get eligible customers a little more than $9 off the monthly cost of internet service. The Affordable Connectivity Program ended in May 2024, leaving millions of Americans without access to cheap home internet, but many ISPs offer low-cost internet plans. Check out our low-income internet state-by-state guide to determine which programs are available in your area. What's the cheapest type of internet connection? That's a tricky question because so much depends on what's available at your location. Generally speaking, fiber internet will often provide the best cost per Mbps, where you'll get more download and upload speed for your money. However, regarding the cheapest internet, at least in terms of what you'll pay right out of the gate, that usually comes from cable internet providers. Their first-year promo prices can be tough to beat. Just avoid signing any long-term contract so you can opt out once the price increases.
