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As Europe endures another summer of record-breaking heat, Asian travelers continue to flock to the continent, with little sign that soaring temperatures are dampening demand.The trend also reflects a broader diversification in Asian travel spending across Europe, as travelers spread their budgets across a wider range of destinations throughout the continent. Searches for European destinations by Asian travelers rose 57% year on year during the July-August travel season, with improved conversion rates from search to booking, said Edmund Ong, senior regional director, Southeast Asia at Trip.com. France, Italy and Spain remained the most popular European destinations by booking volume on the…
But its primary rival, Polymarket, has taken a different approach. A spokesperson for Polymarket told Ars in an emailed statement that the company does not “profit from outcomes,” adding that people “come to Polymarket for information.” “While we are not blind to the risks, removing these markets does not prevent a tragedy but makes the most accurate information less accessible to the people who need it most,” he wrote. In the same email, the spokesperson also noted “on background”—a condition to which Ars did not agree—that “Polymarket does not currently have any markets on wildfires and has not for some…
Advanced Micro Devices reported second-quarter earnings on Tuesday that beat expectations, but the stock slumped in extended trading after rising during regular trading hours. Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ended June 27: EPS: $1.66, adjusted, versus $1.62 expectedRevenue: $11.54 billion versus $11.28 billion expectedOverall, AMD revenue climbed 50% from $7.69 billion a year ago, a sign of the company’s central position in the market for artificial intelligence chips. AMD’s Data Center unit is what is driving the company’s growth. Data Center sales were $6.7 billion, up 107% on an annual basis, which the…
Abbott’s directive also seeks to increase scrutiny of measures that data centers are taking to “reduce impacts on neighboring property owners and communities, including noise mitigation, light controls, setbacks, traffic improvements, emergency response coordination and other community protection measures.” But the directive conspicuously neglects to mention local air pollution and greenhouse gas emissions associated with data centers. Nonprofit newsroom Floodlight has reported that AI companies used a local permit loophole in Texas to install gas-powered turbines and backup diesel generators on site at new data center campuses—all without requiring more extensive environmental reviews or outreach to local communities. Notably, the…
Michael Burry attends “The Big Short” New York premiere at the Ziegfeld Theater in New York, Nov. 23, 2015.Andrew Toth | Filmmagic | Getty ImagesMichael Burry of “The Big Short” fame is sticking with his bearish wagers even as the S&P 500 surges to a record high, warning that the rally could still end in a sharp sell-off reminiscent of the 1987 stock-market crash.”I continue to believe it is possible we are near a major top, and possible a 1987-type fall, but the S&P 500 making new highs likely will bring new money into the market,” Burry said in a…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Stocks rose Tuesday as strong corporate earnings and easing tensions in the Middle East sent the S & P 500 and Dow Jones Industrial Average to all-time intraday highs. Treasury Secretary Scott Bessent said in an interview on CNBC’s ” Squawk Box ” that the United States is in talks with Iran and that a deal to reopen the Strait of Hormuz could come “today or tomorrow.” Oil prices fell on the comments, with…
Tesla’s factory in Shanghai had its best June ever, according to the China Passenger Car Association. Tesla built 93,579 cars in China that month, a hefty 38 percent increase compared to June 2025, according to CPCA’s data. But that production isn’t translating into bumper sales to Chinese customers. Rather, sales have been down quarter on quarter in China for more than a year now, particularly as buyers tire of the Model 3 sedan. Almost 40 percent of the EVs that Tesla built in June were destined for export. And in Q2 in total, more than 50 percent—just—of the cars it…
Rep. Max Miller (R-OH) leaves a House Republican Caucus meeting on Capitol Hill on Nov. 19, 2024, in Washington, D.C.Andrew Harnik | Getty ImagesRepublican Rep. Max Miller of Ohio called for the House Ethics Committee to investigate him after his ex-wife, Emily Moreno, accused him of domestic violence — an unusual move as the allegations threaten to engulf his reelection bid. “In light of all the renewed interest in my family affairs I am going to file my own paperwork for an ethics investigation into myself to clear my name from these horrific attacks on myself and family,” Miller said…
The recent cyber breach at Indian Apple supplier Tata Electronics has become propaganda gold for Beijing, as leaders vie to keep international companies locked into China’s supply chains.”Something like this would never happen in China,” said Ma Shouhua, an iPhone repair specialist in China’s biggest electronics marketplace, Huaqiangbei.Ma recently posted a viral video outlining the purported specifications of Apple’s soon-to-be-released iPhone 18 Pro models that were part of the materials leaked after the breach.Tata Electronics confirmed a “cybersecurity incident” to CNBC but said it “had no impact on our operations across businesses.” The company did not say if any materials…
Abdul El-Sayed, left, and Rep. Haley Stevens, D-Mich., are the Democratic Senate candidates from Michigan.Getty ImagesMichigan Democratic voters head to the polls Tuesday to choose between Abdul El-Sayed and Rep. Haley Stevens as their Senate candidate in one of the most closely watched and impactful primary elections of the 2026 midterms.Stevens, a more moderate Democrat, and El-Sayed, a former public health official who has run an anti-establishment, progressive campaign, are vying for the seat Democratic Sen. Gary Peters will vacate at the end of this Congress. The result could help decide control of the Senate for the next Congress and…