The News Africa’s early-stage startups are facing a new funding squeeze as venture capital firms increasingly prioritize backing proven companies over riskier young ventures in a bid to deliver returns to investors. In the first half of the year, African startups raised around $1.4 billion, on par with the same ...
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An inconclusive Tuesday, in Michigan and beyondAn inconclusive Tuesday, in Michigan and beyond
The News The Democratic establishment couldn’t get some of its candidates over the line. The party’s rising left wing couldn’t win some key races. Republicans in two red states couldn’t convince voters to change election rules to make their party stronger. Tuesday’s primaries refused to settle into one of the ...
US stockpiles of missiles, interceptors dwindleUS stockpiles of missiles, interceptors dwindle
The US has used up “virtually all” of its highly accurate long-range missiles during the Iran war, Reuters reported, raising doubts about Washington’s preparedness. The US has also expended nearly two-thirds of its Patriot interceptors, CSIS found. The Pentagon’s rush to plug shortfalls has sparked a bonanza among incumbent military ...
SpaceX revenue jumps, beating expectationsSpaceX revenue jumps, beating expectations
SpaceX’s revenue jumped 92% from a year ago, blowing past Wall Street expectations in the rocket maker’s first post-IPO earnings report, after weeks of bumpy trading. Starlink’s growth was driven by consumer, government, and enterprise businesses, SpaceX’s president told analysts, highlighting recent tie-ups with major airlines. Still, shares wobbled after ...
Oil plunges after US signals progress on Hormuz dealOil plunges after US signals progress on Hormuz deal
Stocks jumped and Brent crude prices plunged Tuesday after the US signaled a deal to reopen the Strait of Hormuz could be imminent, but the drop is unlikely to translate to immediate relief at the pump. US President Donald Trump castigated oil majors for not doing more to bring down ...
Democrats want Venezuelan oil revenue detailsDemocrats want Venezuelan oil revenue details
The News The Trump administration is under increasing pressure to answer questions about the management of Venezuela’s oil revenue. House Oversight Committee Democrats wrote to the Treasury, Energy and State departments and asked what they’ve done with the $13 billion that Trump said the US has collected from selling Venezuelan ...
Why some Democrats may hesitate to push Max Miller outWhy some Democrats may hesitate to push Max Miller out
Several Democrats are pushing for Ohio GOP Rep. Max Miller to resign or face expulsion over allegations of domestic abuse, but privately some wouldn’t mind if he stuck around for now. Democrats think Miller is the weakest nominee that ironworker Brian Poindexter could face this fall in a district Trump ...
Taiwan export boom marks return of ‘Tiger economy’Taiwan export boom marks return of ‘Tiger economy’
Taiwan’s “Tiger economy” is back, propelled by chips and other AI-related exports to the US, capping a decade-long pivot away from the mainland market. Economic growth is on track to expand 11% for the full year, more than double the rate of China. For the first time in a quarter ...
China’s AI giants target enterprise profitsChina’s AI giants target enterprise profits
China’s tech giants are deepening their push into enterprise AI to drive profits. For years, China’s AI race was dominated by a quest for market share, but Alibaba and Tencent are now also trying to grow by bundling their models into workplace tools, while ByteDance announced last week it was ...
The trade in Trump’s social-media previewsThe trade in Trump’s social-media previews
President Donald Trump has a social-media site. He says market-moving things on that site, which is now selling early access to those things for $100,000 a month. It’s a blatant bit of self-dealing, requiring none of the complicated flow charts that accompany most reporting about all the other ways the ...