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…
At ski resorts across the West this winter, viral images showed chairlifts idling over brown terrain in places normally renowned for their frosty appeal. Iconic mountain towns like Aspen, Colorado, and Park City, Utah, were seen with shockingly bare slopes, as the region endured a historic snow drought that experts warn could bring water shortages…
Arizona, California and Nevada would take less water from the Colorado River under a proposal announced Friday by the federal government to stave off crisis in the beleaguered waterway, which serves as a crucial source of water for more than 40 million people in seven Western states. The proposal from the U.S. Bureau of Reclamation…
The Consumer Price Index rose 2.4% in January from a year ago, below economists’ forecasts and a sign that price pressures across the U.S. are easing. By the numbers The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm FactSet. The January CPI represents…
Typhoon Noul is bringing winds and heavy rain to southern China, including Hong Kong, over the weekend, prompting the evacuation of hundreds of thousands of people in the province of Guangdong with the region on high alert and at least dozens of flights canceled. Hong Kong’s Observatory said Noul, which had intensified with maximum sustained…
Kalshi, one of the leading prediction markets, is starting a midterm election hub that offers real-time forecasts driven by wagers predicting race outcomes. The hub displays election outcome forecasts, polling, fundraising statistics and historical election data, the company said in a statement on Wednesday. Kalshi bills the hub as a “one-stop-shop for state and federal election…
