Microsoft’s decision to cut back on data center spending may have contributed to the recent market sell-off, according to a recent analyst report. The TD Cowen report indicates that Microsoft has cancelled leases in the US and re-allocated its international spend to the US, potentially leading to an oversupply position for the company. Analyst Michael … Read more
Chinese leader Xi Jinping has sent a clear message to his counterpart Vladimir Putin that China-Russia relations will not be shaken by Washington’s warming ties with Moscow. In their first phone call since US President Donald Trump’s shift in foreign policy, Xi reiterated that Beijing and Moscow are “good neighbors who cannot be moved away” … Read more
The US Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) reported that the H5N1 avian flu virus hit more flocks in four states, including Ohio, the nation’s second-largest poultry producer. The virus has affected two commercial farms in Indiana and struck another layer farm in Mercer County, Ohio, with nearly 85,000 birds. In … Read more
Patrick Schwarzenegger has spoken out against accusations that his role in HBO’s The White Lotus Season 3 was due to his famous parents. The actor, who plays Saxton Ratliff, says he understands why people think this, but insists that he worked hard to prepare for the part. Schwarzenegger has had a long career in acting, … Read more
Michael Saylor’s company, Strategy Inc., raised $2 billion in a convertible debt deal last week, sparking concerns that the market for crypto-related paper is nearing saturation. Despite the recent surge in activity, the market may be experiencing “crypto fatigue,” with investors becoming more selective about which companies to invest in. The trend suggests that firms … Read more
Legendary rap group Wu-Tang Clan is embarking on their final North American tour, dubbed “Wu-Tang Forever: The Final Chamber.” The 40-date tour kicks off on June 6 in Baltimore and concludes on July 18 in Philadelphia. In addition to stops across the US and Canada, the tour will also feature shows in cities such as … Read more
Fyre Festival 2 ticket sales have commenced, with packages ranging from $1,400 to $1.1 million. The event, scheduled for May 30 to June 2 in Mexico, marks the return of Billy McFarland’s infamous festival nearly eight years after its disastrous debut in the Bahamas. McFarland, who pleaded guilty to wire fraud and served nearly four … Read more
US craft store chain Joann Fabric is closing all its 800 locations after being in business for 82 years, citing financial struggles. The company’s demise marks the end of a beloved destination for DIY and crafting enthusiasts. Many customers blame poor management decisions and private equity ownership for the decline in quality and selection. Source: … Read more
European Commission President Ursula von der Leyen announced a €3.5 billion aid package for Ukraine on its third anniversary of Russia’s full-scale invasion. The pledge includes an early disbursement in March and increased measures for energy security. Ukraine received financial support from Canada, Spain, Norway, Finland, and other countries totaling €10 billion. Western leaders demonstrated … Read more
Former US President Donald Trump’s lawyer Rudolph Giuliani has settled a $148 million lawsuit filed by two Georgia election workers, Ruby Freeman and Wandrea’ “Shaye” Moss. The case alleged that Giuliani defamed the women after claiming they helped steal the 2020 presidential election from Trump. A satisfaction of judgment was filed in Manhattan federal court, … Read more