Amazon’s CEO is even more bullish on the AI opportunity
Amazon CEO Andy Jassy Just when you thought Big Tech executives couldn’t get more bullish on AI, Amazon CEO Andy Jassy upped the ante on Thursday. During a call with analysts, he described a range of attractive opportunities for Amazon, and said the company will continue to “aggressively” invest in AI. Amazon is on pace…
5 reasons BYD is surging ahead after eclipsing Tesla’s quarterly sales for the first time
BYD is known for its affordable EVs, such as the Seagull, which is sold for under $10,000 in China. BYD has just scored another victory in its battle to overtake Tesla. The Chinese EV giant said in its third-quarter earnings on Wednesday it had surpassed Tesla’s revenues from EV sales for the first time. BYD…
A Boeing 737 Max encountered a flock of geese, leaving the windshield shattered and glass in the cockpit
A Flair Airlines Boeing 737 Max (not involved in the incident.) A Flair Airlines captain escaped injury after the windshield of his aircraft was shattered by a birdstrike. The incident occurred on October 24 on Flight F8641 from Toronto to Winnipeg, operated by a Boeing 737 Max. Shortly after takeoff, the pilots issued the urgency…
Satellite images show Russia weirdly emptied its warships out of a Black Sea Fleet base only to put them back later
Automated vessel detections capture the scope of the September 14 dispersal. Satellite imagery of a key Russian naval base along the Black Sea has revealed strange behavior, specifically dozens of military vessels dispersing from the facility, only to return a little later. The images, collected by BlackSky in September and obtained by B-17, show Russia…
China is sending military gear into orbit at a ‘mind-boggling’ pace, says US Space Force chief
US Space Force General Chance Saltzman said he is concerned about the rapid pace at which China’s space military capabilities are growing. China is developing military space gear at a “mind-boggling” pace, according to the US Space Force chief. “The number of different categories of space weapons that [China has] created and . . . the speed with which…
US stocks rally as big jobs-report miss fuels rate-cut hopes, Amazon soars
NYSE Traders working during the opening bell. US stocks jumped on Friday after the October jobs report missed economist estimates, opening the door for more rate cuts from the Federal Reserve. The US economy added 12,000 jobs in October, well short of economist estimates of 106,000, representing the lowest job gains since December 2020. The…
Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
If Russia’s war continues, the economy looks on track for a “severe recession” and long-running stagnation, Mertens said Russia’s overheated economy is almost certainly headed for a crisis no matter what Vladimir Putin does, according to a Ukrainian economist. Alexander Mertens, a professor of finance and economics at Kyiv’s International Institute of Business, issued a…
Commercial real estate is flashing signs that the worst of the distress is over, Blackstone president says
The commercial real estate sector is already showing signs of distress as a wave of $1 trillion debt is poised to mature this year. The worst of the commercial real estate turmoil looks to be over, Blackstone president Jon Gray says. The private equity exec gave a cautiously optimistic outlook on the commercial property market…
Amazon stock jumps most in 9 months as cost cuts, cloud spark earnings beat
Amazon stock saw its best day in nine months on Friday. It climbed as much as 7.6% to $200.50, its steepest intraday gain since Feb. 2, after a strong third-quarter earnings report. Shares traded around $199 as of 12:30 p.m. in New York, less than 1% from all-time closing highs set in July. The tech…
