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A SpaceX Falcon 9 rocket launches carrying Firefly Aerospace’s Blue Ghost lunar lander as the primary payload and Japan-based ispace’s Resilience lander as a secondary payload, from Kennedy Space Center in Cape Canaveral, Florida, Jan. 15, 2025.Steve Nesius | ReutersParts of a SpaceX rocket reportedly crashed into the Moon on Wednesday — a collision analysts say provide a “good metaphor” for the satellite maker’s plunging share price.Elon Musk’s SpaceX slumped in morning trade after reporting its first quarterly earnings as a publicly traded company this week. Although revenue soared 92%, investors were unnerved by a sixfold increase in the company’s…
SpaceX’s AI revenue more than trebled from the previous quarter to $2.56 billion, with the majority of that coming from deals to lease data center capacity to rival AI groups including Anthropic and Google. That approach has boosted SpaceX’s short-term revenues while limiting its capacity to train and run its own competitive AI models. Dec Mullarkey, managing director of SLC Management, said SpaceX’s data center leasing could hamper it. “Their margins are going to be capped if they are primarily a cloud company,” he said. SpaceX’s $1.65 trillion market capitalization also hinges on Musk achieving ambitious goals such as reaching…
An American flag flies near the Ever Memo container ship at the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Mario Tama | Getty ImagesThe Trump administration said it has refunded about $100 billion of the tariff revenue that was collected before President Donald Trump’s “liberation day” duties were struck down by the Supreme Court.The figure, reported Tuesday in a filing in the U.S. Court of International Trade, represents about 60% of the roughly $166 billion the government says it raked in from the sweeping tariffs Trump imposed in 2025 using the International Emergency Economic Powers…
A sign is posted in front of Electric Arts headquarters on September 29, 2025 in Redwood City, California. Justin Sullivan | Getty Images News | Getty ImagesA consortium led by the Public Investment Fund of Saudi Arabia has announced the completion of the $55 billion acquisition of video games maker Electronic Arts.The deal was also financed by private equity firm Silver Lake and Affinity Partners, which is led by President Donald Trump’s son-in-law Jared Kushner.EA, which confirmed the deal late on Tuesday, said its stock has ceased trading and will be delisted from the Nasdaq. Its shareholders will receive $210…
Re-opening the Strait of Hormuz is essential to bringing down the cost of living in the UK, Foreign Secretary Ed Miliband has said ahead of talks with US counterpart Marco Rubio.The Labour minister is in Washington for his first official one-on-one meeting with Rubio.The pair are also expected to discuss the war in Ukraine and the humanitarian crisis in Gaza. Miliband was invited to the US capital by Rubio after they met on the sidelines of a foreign ministers’ summit in the Philippines, where the former Labour leader made his debut as foreign secretary.The White House was reported to be…
Shortly after the opening bell, we will buy 100 shares of Intel at roughly $97.97. Following the trade, Jim Cramer’s Charitable Trust will own 1,300 shares of INTC, increasing its weight in the portfolio to about 3.20% from 3%. After gaining 10% in Tuesday’s session, Intel shares are down slightly in premarket trading following a strong AMD quarter that failed to exceed a high bar. But with the AI trade on better footing and AMD confirming that central processing unit (CPU) demand is growing well beyond internal expectations, we’re scooping up more Intel shares to further build out the position…
Ranking member Sen. Elizabeth Warren, D-Mass., questions Federal Reserve Chairman Kevin Warsh as he testifies before the Senate Banking Committee on Capitol Hill in Washington, July 15, 2026.Tasos Katopodis | Getty ImagesSen. Elizabeth Warren, D-Mass., on Wednesday demanded that Commerce Secretary Howard Lutnick explain the Trump administration’s July decision to ease export controls on the United Arab Emirates after UAE-linked entities invested hundreds of millions of dollars in President Donald Trump’s family cryptocurrency venture.In a letter shared exclusively with CNBC, Warren asked the Commerce Department to turn over its national-security analysis and disclose whether the Defense, State or Energy departments…
If you don’t want to use your phone, the company provides a couple of NFC cards, and there’s a reader on the handlebars that lets you unlock it (you can link up to 10 cards to one machine). You can also use the phone app to set the machine to auto-lock when shut down with the NFC card. If someone manages to take off with your Olto, you can track its location. This is clearly the most security-conscious e-bike I’ve reviewed. These features exist because the Infinite Machine expects some owners to leave the Olto stored outside. As mentioned above,…
Zack Polanski has accused Labour of a “dereliction of duty” in the face of this summer’s heatwaves, as he urged Andy Burnham to take further action in response to recent wildfires and droughts.In a speech, the Green Party leader said the threat to public health and food supplies posed the “biggest threat to this country since the Second World War”.Record temperatures in recent months showed the need for immediate measures, he said, such as publicly accessible “cool spaces” and financial support to help households heatproof their homes.And he argued that more was needed to respond to the “new normal” of…
Dara Khosrowshahi, CEO of UBER, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBCUber issued a forecast for bookings and earnings that trailed analysts’ estimates, while second-quarter profit was in line with expectations. Here’s how the company did versus analysts’ estimates compiled by LSEG:Earnings per share: 81 cents vs. 81 cents expectedRevenue: $14.19 billion vs. $14.24 billion expectedRevenue increased 12% from $12.65 billion a year earlier. Net income climbed to $2.39 billion, or $1.17 a share, from $1.35 billion, or 63 cents a share, a year ago. Uber’s core mobility service accounted…
