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Cash is king as investors draw new battle lines in AI spending boom

Cash flow is king again.Wall Street rewarded Microsoft and Oracle on Wednesday for showing that they could fund their enormous AI ambitions without endlessly tapping investors. Alphabet, by contrast, was punished for burning through cash, while Google Search's slower growth fanned fears that competition was hurting the business that bankrolls its AI expansion. Microsoft shares jumped more than 3% in after-hours trading, while Alphabet plunged nearly 10%, as investors drew a sharper distinction between companies making money from AI and those struggling to contain its costs.The divergence show

Vietnam sets 65% state ownership floor for major banks, to retain control of strategic groups

Hong Kong Monetary Authority leaves interest rates unchanged, tracking Fed move

Business|Economy|Finance|Science|Technology

Samsung keeps shattering profit records as AI boom lifts chip demand

Samsung Electronics said Thursday that its operating profit for the last quarter reached a record 107.4 trillion won ($80.5 billion), fueled by surging demands for its computer memory chips used in artificial intelligence systems. Revenue for the July-September period rose to an all-time high at 195.3 trillion won ($146 billion), marking the company’s fourth straight quarter of record profit and revenue. Samsung’s regulatory filing came a day after domestic rival SK Hynix also reported record third-quarter profit, as the two South Korean semiconductor giants,

Hegseth fires the Pentagon's top military planner even as Trump considers new Iran strikes

Australia's Star Entertainment accepts $183.6 million anti-money laundering penalty

Election|Political

Minnesota charges conservative activist O'Keefe, influencer Higby after voting stunt

A Minnesota prosecutor charged conservative activist James O'Keefe and influencer Cam Higby on Wednesday with felony unlawful voting and identity theft for posing as registered voters at Minnesota polling places during the August primary as part of a hidden-camera stunt they later posted online.O'Keefe, 42, and Higby, 26, filmed themselves visiting several precincts in Minneapolis and misrepresented their identities by giving election judges the names of registered voters without those voters' knowledge or permission, according to a criminal complaint.The pair were attempting to use Minnesot

New Zealand central bank governor says chances of December hike are 'high'

Moscow, Pyongyang back network sending workers to Russian factories, report says

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Manhunt for escaped Tennessee murder convict crosses state lines after the truck he stole is found abandoned in Illinois

The search for a convicted murderer who escaped from a Tennessee prison has crossed state lines after authorities found his stolen getaway truck in southern Illinois.The white 2008 Ford F-350 with Tennessee plates that Jacob Morley, 28, stole after his escape was found abandoned early Tuesday in Marion, Illinois, the Tennessee Bureau of Investigation said.Morley’s “whereabouts remain unknown, and locating him continues to be an urgent priority for law enforcement,” the TBI said Tuesday.“Our law enforcement partners in surrounding states have been notified to be on the lookout,” the T

Arts|Education|Election|Finance|US

‘It’s definitely the time’: Black governor hopefuls from both parties aim to make history in midterms

Americans have elected three Black governors in the nation’s 250-year history. By next week, that figure could multiply.From Keisha Lance Bottoms in Georgia to Byron Donalds in Florida to David Crowley in Wisconsin, Black candidates are vying to lead eight states from the South to the Midwest to the West. In all, five Democrats are running in gubernatorial races, and three Republicans are vying to be the country’s first elected Black Republican governor.“We’re a complicated, beautiful country,” said Bottoms, a Democrat who would become the first Black woman governor in the nation’s

Talarico vows to 'take back Texas' as Trump makes last-minute push to keep the state in GOP hands

Florida mom arrested at airport for leaving 4 kids home alone during work trip to Vegas

Melania Trump says ceasefire has expanded as it takes effect around Russian-occupied city of Oleshky

A localized ceasefire between Russia and Ukraine around the occupied city of Oleshky that first lady Melania Trump helped to broker has now gone into effect, officials on both sides said Tuesday.Dmytro Lubinets, the Ukrainian parliament commissioner for human rights, said on X that the ceasefire went into effect at 3:00 a.m. Kyiv time Tuesday.Russia’s defense ministry said on Telegram it stopped shelling in the direction of Oleshky at the same time Tuesday.The pause in fighting is intended to allow for the evacuation of elderly residents and the entry of urgently needed humanitarian aid to t

Manhunt underway for convicted killer who escaped through Tennessee prison fence and fled in stolen truck, officials say

Tennessee authorities are searching for a 28-year-old convicted murderer who escaped through a state prison’s fence late Sunday night before stealing a truck and driving off.Jacob Morley, who is serving a life sentence, is now on the Tennessee Bureau of Investigation’s “Most Wanted” list, with a reward of up to $2,500 for information leading to his arrest.The escape comes the same month that Tennessee Department of Correction Commissioner Frank Strada resigned from his role following the failed execution of Christa Pike, which left her unconscious and on a ventilator at a hospital. Pik

Alex Pretti’s family says feds are still stonewalling efforts for justice

Justice Department charges former FBI Director James Comey for third time

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Travel|World

After landing in US, Flavio Bolsonaro declares himself Brazil's rightful leader

Senator Flavio Bolsonaro declared himself Brazil's rightful leader on Wednesday after arriving in the United States, alleging he was the victim of an electoral coup by the country's Supreme Court and President Luiz Inacio Lula da Silva, who won the vote by over 4 million votes.Bolsonaro arrived in Miami after leaving Brazil, where he refused to comply with a Supreme Court order to surrender his passports. He thanked Argentine leader Javier Milei for helping him make the journey and US President Donald Trump, who granted him and his family entry visas, for welcoming him.In an initial open lett

CNN reports from scene of train crash in Spain as serious rescue operation gets underway

(CNN) - At least 68 people have been killed in a collision between two trains in the Spanish province of Toledo on Wednesday morning, according to a local government official. The incident is the third rail disaster in Spain this year. “Several” US citizens were injured in the train crash, a US State Department spokesperson told CNN. “We can confirm that several US citizens were injured and continue to work with local authorities to identify all Americans involved and provide consular assistance,” the spokesperson said. They did not provide specific details on the number of Americ

Spain train crash kills at least 68 as witnesses describe devastating scenes

US costs of Iran war rise to over $47 billion, according to Pentagon estimate

Iran hosts Saudi Arabia and regional powers as fears grow of return to war

Saudi Arabia and its allies dispatched top security officials to Iran for talks on Monday amid fears of a fresh US-Israeli offensive that could plunge the Middle East into further instability.Pakistani military chief Asim Munir and Turkish intelligence chief Ibrahim Kalin joined Saudi Arabia’s defense minister, Prince Khalid bin Salman, in Tehran for meetings with Iran’s top officials, including national security chief Mohsen Rezaei and President Masoud Pezeshkian.Saudi Arabia’s Foreign Ministry said the visit by Prince Khalid and representatives of the Mecca Joint Defense Agreement coun

Asia|Crime|Political|World

US Marine indicted over alleged murder of woman in Okinawa

Japanese prosecutors have indicted a US Marine on suspicion of murdering and robbing a woman in Okinawa earlier this month, multiple Japanese media outlets have reported, in a case that has prompted renewed outrage over the conduct of US troops in the country.Lance Corporal Devin Jacob Ballard, a 20-year-old Marine assigned to the III Marine Expeditionary Force at Futenma Air Station, is charged with killing a woman by strangling her with a phone cord at a hotel in Naha, Okinawa’s capital, and stealing her backpack containing a wallet, public broadcaster NHK and others, reported on Sunday.An

UK police says letter with claims against Meghan's father was not shared with other law enforcement

Good mood among fans attending the first NFL game in Paris, a day after protests and clashes

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James O’Keefe charged after Minnesota polling station stunt

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The bond market swings, but US stocks remain steady after the Fed says it won't raise interest rates

The bond market swung, while U.S. stocks ticked higher after the Federal Reserve decided not to raise its main interest rate to bring down high inflation

Election|Political

Trump calls for prosecution of Democratic Alaska Senate candidate over spoiler candidate controversy

President Donald Trump is calling for the criminal prosecution of the Democratic candidate running for Senate in Alaska after revelations that her campaign appeared to be involved in recruiting a candidate with the same name as Republican incumbent Dan Sullivan

Election

Abdul El-Sayed and Haley Stevens haven’t campaigned together — or spoken — in recent months

Election|Political

Netanyahu and top rival face postelection choices that could redefine Israeli politics

Israelis are deep in political uncertainty as they await final election results

Election|Opinion

I’ve been talking to MAGA supporters for years, and here’s why some are sticking with Trump — and others are not

Despite the headwinds that have cratered support for Donald Trump – high prices, the Iran war, corruption – many of Trump’s MAGA loyalists still back him. A scholar who studies MAGA looks at why.

Business|Economy|Finance

Federal Reserve keeps rates unchanged despite elevated inflation

Election

The Latest: As votes are counted, no clear winner emerges in Israel's election

Israel's election results show no clear winner, leading to likely weeks of coalition talks

Crime|Election|Political

Flávio Bolsonaro says he will lead Brazil’s opposition in exile, after landing in US following election defeat

Arts|Election

Judge skeptical of Justice Dept lawsuit over alleged noncitizens on voting rolls

A US judge appeared skeptical on Tuesday of the Justice Department's request to block California from counting any mail ballots for the November 3 midterm

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From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls

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