Shares of SpaceX tumbled on Wednesday despite reporting strong revenue growth in its first public quarterly earnings report, as investors questioned the rocket maker’s accelerating investment in artificial intelligence. SpaceX shares tumbled $10.06, or 8%, to $115.27 in early afternoon trading on Wednesday. Investors are worried that the company’s massive investments in artificial intelligence won’t be enough…
U.S. Rep. John James, endorsed by President Trump, is projected to be the winner of Tuesday’s Republican gubernatorial primary race in Michigan, according to CBS News. As of 10:47 p.m., unofficial results showed that James was leading with 155,109 votes to businessman Perry Johnson‘s 111,942. James will go head-to-head against Michigan Secretary of State Jocelyn Benson, who…
SpaceX on Tuesday reported a second-quarter loss of $541 million on revenue of $7.8 billion in its first earnings report as a publicly traded company, offering a window into its performance after executing the biggest ever initial public offering in June. Elon Musk’s rocket, satellite and AI provider was forecast to report revenue of $6.8 billion…
The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …
IT wasn’t an ordinary day by any stretch of the imagination, even though it began rather ordinarily. There was little news to interest anyone (and Kashmir was a no-no for television channels). Initially, there came fleeting news about a press conference by the head of ISPR but it wasn’t meant to be. Those who had…
California’s High-Speed Rail Authority repeatedly missed key deadlines to buy its trains, a failure federal officials cited when they pulled $4 billion in funding a year ago. More than a year and a half after the original deadline, the authority still cannot say when it expects to award the contract. The state says that the…
SOUTH BEND, Ind. – A federal judge on Thursday sentenced the owner of a peptide company to nearly six years in prison after finding he built a massive business by deceiving customers and selling products that were adulterated with steroids. Matthew Kawa, who ran Paradigm Peptides, pleaded guilty last year to selling unapproved drugs and illegally…
Kumamoto, Japan — Soldiers and emergency workers combed through a badly damaged shopping mall and collapsed houses looking for trapped survivors Wednesday after a powerful earthquake that killed at least 18 people in southwestern Japan. The magnitude 7.1 earthquake that hit a day earlier in the Kumamoto area on the southern main island of Kyushu, also…
Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday said the government was “confident” that trade between Pakistan and the United States could double to $20 billion over the next five years. Dar made the remarks while addressing a delegation of US congressmen and businessmen in Islamabad. The gathering included US congressmen Ryan Zinke…
Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday said the government was “confident” that trade between Pakistan and the United States could double to $20 billion over the next five years. Dar made the remarks while addressing a delegation of US congressmen and businessmen in Islamabad. The gathering included US congressmen Ryan Zinke…
