News
Lobbying Groups Fight Pentagon Stock Buyback Ban Proposal
6+ hour, 49+ min ago (128+ words) Defense contractors want to keep buying back their own stock. A group of lawmakers wants them to deliver before they pay themselves. The ban would affect major contractors including Boeing, Lockheed Martin, and Northrop Grumman. The letter adds that "creating…...
UK Allocates "5 B for Drones and AI Defense Plan
8+ hour, 10+ min ago (1255+ words) UK Allocates "5 Billion for Drones and AI in New Defense Plan Briefs Finance UK Allocates "5 Billion for Drones and AI in New Defense Plan - The United Kingdom will spend "5 billion on drones and artificial intelligence over the next four years…...
Aero Vironment Stock Jumps 19% on Earnings Beat
6+ hour, 47+ min ago (437+ words) Share prices of Aero Vironment had dropped by over 40% in 2026 prior to the earnings announcement. Then the drone maker delivered numbers that crushed expectations. The result - a 19% jump in one day. The company, known for its small unmanned aircraft systems…...
Comcast Stock Spikes 17% on NBCUniversal Spinoff Plan
6+ hour, 48+ min ago (252+ words) On Monday, Comcast announced it plans to spin off both NBCUniversal and Sky into a separate publicly traded entity, a decision made only a few months after finalizing the Versant brands separation. The cable giant's share price has fallen 30% over…...
Whats App Begins Username Reservation for 3 Billion Users
9+ hour, 35+ min ago (310+ words) Starting Monday, Whats App's 3 billion users can pick a unique username - a move aimed at boosting privacy by enabling connections without exchanging phone numbers, according to Meta Platforms Inc. , the app's owner. The company stated that reservations are open now,…...
$340 K AI Bonuses Fuel South Korea Wealth Boom
8+ hour, 10+ min ago (479+ words) South Korea's salaried workers are getting rich fast. Record bonuses from the AI chip boom are creating a new class of wealthy professionals. Banks that once catered only to the ultra-rich are now chasing them. Samsung Electronics and SK Hynix…...
Alphabet Stock Jumps 4% on Dow Debut Amid AI Concerns
6+ hour, 48+ min ago (401+ words) Alphabet got a boost from joining the Dow. But the stock is still having a bad month. Investors worry that the company's massive AI spending is not paying off. Verizon was removed from the Dow Jones Industrial Average, with Alphabet…...
Illinois Police Recover $1. 3 M in Stolen Data Center Gear
6+ hour, 48+ min ago (1179+ words) Briefs Finance Illinois Authorities Recover $1. 3 Million in Stolen Data Center Construction Materials - Cook County Sheriff's Office recovered two stolen trailers containing data center construction materials worth a total of $1. 3 million. - The first trailer, stolen from Pine Hill, Alabama, held copper…...
IREN and Bit Mine Added to Russell 1000 Index
8+ hour, 49+ min ago (271+ words) Bitcoin mining profits are shrinking as energy costs rise. So IREN changed its game. It started renting out its computer chips for AI cloud services. Those moves secured major partnerships with Microsoft and Nvidia, ultimately earning the company a place…...
Blackstone Sells Virginia Data Centers to Digital Realty for $3. 5 B
8+ hour, 48+ min ago (322+ words) Blackstone's data center assets amount to $150 billion, and it has identified an additional $160 billion in potential opportunities. Yet it is selling stakes in three Northern Virginia data centers to Digital Realty. Blackstone affiliates are already selling those shares at a…...