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Why SpaceX stock is falling despite strong revenue growth

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…

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Abdul El-Sayed projected to win Michigan Democratic Senate primary, defeating Haley Stevens

Washington — Former Michigan health official Abdul El-Sayed defeated Rep. Haley Stevens in the Democratic Senate primary in Michigan, CBS News projects, in a closely watched contest that represented the latest test of the party’s divisions. El-Sayed, 41, ran on a leftist platform and secured the backing of prominent progressives like Rep. Alexandria Ocasio-Cortez and…

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House Democrats targeting 12 new GOP-held districts, including Lauren Boebert and NRCC Chair Richard Hudson’s seats

With 90 days until the midterm elections, House Democrats are expanding the map of Republican-held congressional districts they believe they can potentially flip this fall. The Democratic Congressional Campaign Committee, House Democrats’ political arm, announced the addition of 12 new Republican-held districts to its “Districts in Play” list Wednesday, bringing the total number of GOP-held…

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Haley Stevens stands firm on backing U.S. military aid to Israel, claims El-Sayed won’t recognize Israel’s right to exist

Protesters outside an event in Gran Rapids for Michigan Rep. Haley Stevens were registering their concern about the tens of millions of dollars spent on her Senate campaign by the American Israel Public Affairs Committee, or AIPAC, and its affiliated groups on Monday, the day before the Michigan primaries. CBS News senior White House and…

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Senate candidate El-Sayed says it’s “funny to me” to assume Michigan votes for moderates when it voted twice for Trump

In his race to be the next Democratic senator from Michigan, Abdul El-Sayed, a progressive populist, is challenging perceptions about who Michigan’s voters are and what they really want. In an interview with CBS News senior White House and political correspondent Ed O’Keefe, El-Sayed questioned the characterization of the state’s voters as moderates. “It’s always…

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Federal workers sour on government work, decrying eroding job security

Nearly two-thirds of U.S. federal workers said they wouldn’t enter public service again, citing eroding job security and benefits, according to a recent poll of active and retired government employees.  Respondents’ views overwhelmingly reflected concerns about the current federal climate, rather than regret over having chosen careers in government, the National Active and Retired Federal…

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Iran denies Trump’s claim that U.S.-Iran negotiations to begin today after U.S. strikes called off

  15m ago Iran’s foreign minister holds second round of calls with Saudi, Pakistani leaders in 24 hours Iran’s foreign minister Abbas Araghchi has held a second round of phone calls with Saudi and Pakistani leaders in 24 hours, according to Iran’s foreign ministry. Araghchi spoke to his Saudi counterpart, Prince Faisal bin Farhan, and…

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