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Live results: El-Sayed, Stevens show down for Democratic nod in battleground Michigan Senate race
Progressive Abdul El-Sayed and centrist Rep. Haley Stevens are facing off Tuesday for the Democratic nomination for retiring Sen. Gary Peters’s seat in Michigan. The winner will face off against former Rep. Mike Rogers, the presumptive Republican nominee. Tuesday’s primary Tuesday’s race has laid bare deep divides within the Democratic Party and its dueling factions….
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FBI agent charged in theft of almost $1M in cryptocurrency from Russia
A supervisory FBI agent faces two federal charges for collecting more than $900,000 between “adversarial” cryptocurrency accounts tied to criminal targets overseas to his personal wallet. The FBI fired Patrick Steven Yaroch last week, and he was arrested for interstate transportation of stolen goods and receipt of stolen goods. In an affidavit, Yaroch admitted to…
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AMD’s datacenter business is booming while gaming takes a backseat
AMD’s latest quarterly earnings show a stark divide between its booming data centre business and a struggling gaming division, underlining how demand for AI computing power is reshaping the chipmaker’s revenue mix. Data centre sales more than doubled year-on-year to $6.7 billion (£5.3 billion), while gaming revenue slumped as price rises and component shortages hit…
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US stock market hits record highs as AI profits pile and oil prices ease
S&P 500 shot up 1.8% and the main measure of Wall Street’s health topped its prior all-time high set a few months ago The US stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased. The S&P 500 shot up 1.8%, and the main measure of…
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SpaceX’s first-ever earnings show a loss and huge spending
SpaceX has released its first-ever quarterly earnings report since going public in June, revealing that although revenue nearly doubled, spending surged even faster, resulting in a net loss. The results have unsettled investors, as the Elon Musk-led company has already seen its share price slide well below its debut level despite briefly overtaking rivals such…
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SpaceX has more neocloud revenue
SpaceX’s AI division saw revenue more than triple to $2.6 billion, driven largely by deals to supply computing power to other AI firms, positioning the company as a competitor to “neocloud” providers such as CoreWeave. Despite the surge in AI income, the division still posted a $1.5 billion loss for the quarter, though this was…
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Universal has sold a chunk of Spotify stock for around $467M. Artists will likely be paid over $100M of it.
Per MBW’s calculations, UMG artists could be in line for approximately $131 million of the money. Source
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SpaceX doubles revenues on Anthropic and Google compute deals, Starlink growth
SpaceX has doubled its revenue year-on-year, driven largely by the growth of its Starlink satellite internet service and new deals renting out computing power to AI firms Anthropic and Google. The results, disclosed in the company’s first quarterly earnings report since going public, offer an early look at the financial performance behind what was the…
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Paramount Reports Mixed Earnings Results With Warner Bros. Takeover In Limbo
Paramount reported mixed second-quarter earnings on Tuesday, even as its planned takeover of Warner Bros. Discovery remains stalled amid legal challenges. CEO David Ellison sought to reassure investors that the company continues preparing for the tie-up while executing its standalone strategy, though the deal’s fate now hinges on antitrust litigation that will not go to…
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Albanian bus driver sobbed ‘I’ve killed her’ after mowing down property executive outside London Victoria Station, court hears
An Albanian bus driver sobbed “I’ve killed her” after her double-decker struck and killed a property executive outside London Victoria Station, a court has heard. Mirsime Berisha, 49, is on trial at Southwark Crown Court accused of driving that fell below the standard expected of a competent and careful driver in the moments before the…