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☆ Right-wing activist James O'Keefe spent donor money on DJ equipment and hoped to play Coachella, former staffers say
▼ + stars: | 2023-09-06 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Project Veritas founder James O'Keefe used donor money on DJ equipment, two former staffers said. He spent $2,500 on the items and hoped to play Coachella, the staffers told the Washington Post. The spending was detailed in a Project Veritas audit done after O'Keefe was ousted from the group. The Project Veritas audit the newspaper obtained purports that the group's former leader spent $208,000 in three years on "black-car travel". Project Veritas, which did not publish the diary, has denied any wrongdoing.

Persons: James O'Keefe, O'Keefe, O'Keefe —, —, couldn't, O'Keefe's, Joe Biden's, Ashley, cdavis@insider.com Organizations: Veritas, Washington Post, Service, Project Veritas Locations: Wall, Silicon, California, Florida

☆ The Great Salt Lake has lost half its water, and a new lawsuit says it's Utah state lawmakers' fault
▼ + stars: | 2023-09-06 | by ( Jesse Bedayn | Associated Press | ) www.businessinsider.com time to read: +6 min

The Great Salt Lake has shrunk in half since 1847 due to freshwater demand and climate change. Spencer Cox earlier this year created a position and chose the first-ever commissioner of the Great Salt Lake in an effort to find solutions. AP Photo/Rick BowmerThe risks of a diminished Great Salt Lake aren't merely beached sailboats and wider beaches. AdvertisementAdvertisementAs the lake shrinks, it becomes saltierThe sun sets on the Great Salt Lake on June 15, 2023, near Magna, Utah. AdvertisementAdvertisementAlready, a pelican colony on a Great Salt Lake island has floundered after their island became a peninsula, letting in coyotes, Seed said.

Persons: Brian Moench, didn't, Rick Bowmer, Spencer Cox, Moench, Rick Bowmer Stu Gillespie, Gillespie, ____ Jesse Bedayn Organizations: Service, Utah's Republican, Utah Rivers Council, Utah Physicians, Environment, AP, Republican Gov, Chemicals, Sierra Club, Center for Biological Diversity, Associated Press, America Statehouse News Initiative, America Locations: Utah, Mississippi, Salt Lake, Magna , Utah, Salt, Marina, Lake, Earthjustice, Chile, Alaska, North America

☆ Trump’s Truth Social merger partner granted key extension to avoid liquidation
▼ + stars: | 2023-09-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Digital World Acquisition Corp., the blank-check firm seeking to merge with former President Donald Trump’s media company, will get another extension to complete its troubled deal. Shareholders voted to grant DWAC (DWAC) another year to pull off its merger with Trump Media & Technology Group, which owns Truth Social, according to an SEC document posted Wednesday. Had shareholders voted against the extension, DWAC would have liquidated, and the social media platform would have to find another financial backer by September 8, 2023. It’s the second time DWAC asked for an extension for closing the deal, the first being in September 2022. In June, federal prosecutors arrested three investors on insider trading charges related to Digital World’s deal with Trump’s media company.

Persons: Donald Trump’s, DWAC, Devin Nunes Organizations: New, New York CNN, Trump Media & Technology Group, SEC, TMTG Locations: New York

Utah state officials didn't immediately return a request for comment Wednesday. Spencer Cox earlier this year created a position and chose the first-ever commissioner of the Great Salt Lake in an effort to find solutions. The risks of a diminished Great Salt Lake aren't merely beached sailboats and wider beaches. It threatens species extinction and toxic dust clouds ballooning over nearby communities, the lawsuit says. Already, a pelican colony on a Great Salt Lake island has floundered after their island became a peninsula, letting in coyotes, Seed said.

Persons: ”, Brian Moench, didn't, Spencer Cox, Moench, “, Stu Gillespie, Gillespie, ____ Jesse Bedayn Organizations: Utah's Republican, Utah Rivers Council, Utah Physicians, Environment, Republican Gov, Sierra Club, Center for Biological Diversity, Associated Press, America Statehouse News Initiative, America Locations: Utah, Mississippi, Environment . Utah, Salt, Earthjustice, Chile, Alaska, North America

☆ Broadcom falls as forecast pales before Nvidia's blowout results
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 1 (Reuters) - Broadcom shares (AVGO.O) fell 4.2% in premarket trading on Friday as the semiconductor maker's quarterly revenue forecast fell short of investors' lofty expectations following bigger rival Nvidia's (NVDA.O) AI-powered blockbuster results. "Off the back of Nvidia's blowout earnings update, anything less than stellar is being seen as disappointing," said Danni Hewson, head of financial analysis at AJ Bell. The company, which supplies chips that help glue together AI supercomputers and traditional servers, expects networking revenue to jump 20% in the fourth quarter. Broadcom's forward price-to-earnings ratio for the next 12 months stood at about 20, compared with Nvidia's 35, according to Refinitiv data.

Persons: Dado Ruvic, Danni Hewson, AJ Bell, Hargreaves, Sophie Lund, Yates, Chavi Mehta, Devika Organizations: Broadcom, REUTERS, trailblazer Nvidia, Thomson Locations: Bengaluru

☆ Vietnamese EV maker VinFast fails to cement meme stock status as eye-popping rally fades quickly
▼ + stars: | 2023-09-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Frantic trading in VinFast has raised eyebrows, but it's still far from becoming a meme stock. After a head-scratching six-day winning streak, VinFast has lost 60% this week, cutting its gains since its market debut to about 170%. No meme stock VinFast's short-lived rally is reminiscent of the trading frenzy last year in AMTD Digital, a little-known Hong Kong-based fintech company, where the stock was up more than 20,000% in just two weeks. The stock is now trading at $5.60 apiece, nearly 30% lower than its initial public offering price of $7.80. The SPAC market dried up over the past year as interest rates surged and regulatory pressure ramped up.

Persons: VinFast, Marco Iachini, I'm, Iachini, Alex Harring Organizations: Ford, GM, Vanda Research, AMTD, GameStop, Nasdaq, Black Locations: VinFast, Hong Kong

☆ UBS cost-cut gains are a double-edged sword
▼ + stars: | 2023-08-31 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

LONDON, Aug 31 (Reuters Breakingviews) - UBS’s (UBSG.S) acquisition of Credit Suisse looks increasingly good – maybe a little too good. There were three key questions for shareholders ahead of UBS’s delayed second-quarter results on Thursday, its first since completing the emergency rescue of Credit Suisse in June. And what would UBS do with Credit Suisse’s local business? He’s keeping Credit Suisse’s Swiss business, which allows him to establish a dominant position at home and wring out juicy cost savings. And while some Credit Suisse businesses are disappearing, Ermotti won’t mind.

Persons: Boss Sergio Ermotti, Ralph Hamers, UBS’s, Ermotti, it’s, Sergio Ermotti, Neil Unmack, Streisand Neto Organizations: Reuters, Credit Suisse, UBS, Credit, Suisse’s, Suisse, Swiss Competition, Thomson Locations: Suisse’s Swiss, Switzerland, Schweiz

Keeping too much in your checking account isn't ideal, for two reasons: First, such easy access means you might be tempted to spend it. Keeping too much in your checking account could mean that you're leaving money — even a little — on the table. After this account is built, it can be tempting to leave any spare cash in your checking account. If your checking account is growing while your IRA, 401(k), or savings account remains stagnant, you're probably keeping too much money in checking. You're worried you're missing out on moneyThe average checking account has an interest rate of 0.07%, according to the FDIC.

Persons: —, Marci Bair, it's, Bair, You've, I've Organizations: Service, Bair Financial Locations: Wall, Silicon, Bair, San Diego , California

☆ Bitcoin's most faithful are staying put despite the crypto market's recent weakness
▼ + stars: | 2023-08-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m. "The part that could upset the crypto market is if interest rates stay higher for longer, which disappoints the expectation that the rate could be lowered in the first half of 2024. Trading data also shows long-term investors haven't been easily shaken by the recent weakness. This tells us that despite the price volatility and recent downdraft in prices, long-term holders are unwavering. He added that while it's unclear what exactly accounts for traders' resilience, maturing crypto investors are becoming more "aware of the cycles associated with bitcoin's halving and are expecting it to repeat, leading to price appreciation."

Persons: Bitcoin, Oppenheimer's Owen Lau, Jerome Powell's, Gustavo Schwenkler, It's, haven't, Greg Cipolaro, Michael Bloom, Nick Wells Organizations: Metrics, Fed, Leavey School of Business, Santa Clara University, Indicia Labs, SEC, JPMorgan, Management, CNBC Locations: Jackson Hole , Wyoming, U.S, China, NYDIG, Stone

☆ Brazil clears bottlenecks to oust US as top corn exporter
▼ + stars: | 2023-08-24 | by ( Ana Mano | ) www.reuters.com time to read: +7 min

"We celebrated a lot... when (corn export) volumes via northern ports equaled Santos," said Sergio Mendes, head of Brazilian grain exporter group Anec. "By using northern ports... you are saving 20 reais ($4.12) per ton (of corn)." Treemap with data from Cargonave show the percentage share of corn exports of Brazil ports in north and south part of the country. CHEAPER ROUTE TO CHINAThe new export capacity has helped grains shipped from Brazil's northern ports to compete on logistics costs with U.S. farmers. "The greater share of shipments through northern ports reflects cheaper freight costs compared to routes to the ports in the south and southeast," said Thome Guth, a Conab official.

Persons: Adriano Machado, Sergio Mendes, Louis Dreyfus, Brazil's, Thiago Pera, Santos, ", Thome Guth, Ana Mano, Brad Haynes, Marguerita Choy Organizations: REUTERS, SAO PAULO, China, U.S, Cargill, Bunge, Louis Dreyfus Commodities, TCU, Shipping, U.S . Department of Agriculture, COFCO, Santos, Thomson Locations: Brasilia, Brazil, Santos, Ukraine, China, U.S, Northern, Madeira, Santarem, Barcarena, Itaqui, Canada, Argentina, Mato Grosso, CHINA, Iowa, Shanghai, Itacoatiara, Chicago, Para, Norte Sul, Tocantins, Goias, Minas Gerais, Mato

☆ Opinion: What Fani Willis’ case shows us about the power of local prosecutors
▼ + stars: | 2023-08-18 | by ( Opinion Dave Aronberg | ) edition.cnn.com time to read: +7 min

CNN —Whether they are called district attorneys, state’s attorneys or something else, the job of local prosecutors has traditionally flown under the national political radar. In fact, unlike the attorney general, a local district attorney cannot be fired by the president. The lesson for Meadows is that the local district attorney isn’t automatically bound by any deal with the feds. Willis and Bragg are not the only state prosecutors making headlines this year. Trump’s legal team is so fearful of state court that they have been fighting to “remove” his New York criminal case to federal court.

Persons: Dave Aronberg, Donald Trump, Fani Willis, Attorney Alvin Bragg, Jr, O.J, Simpson, Kenneth Starr, Robert Mueller, General Merrick Garland, Ron DeSantis, Trump, Jack Smith, pitbull, Willis ’, Smith, Attorney Willis, Smith smartly, Mark Meadows, Willis, Meadows, Bragg, Alex Murdaugh, Lori Vallow, Bryan Kohberger, Aileen Cannon Organizations: State, Palm, CNN, Manhattan, Attorney, Trump, Florida Gov, Department of, Fulton, of Justice, White House, Twitter, Facebook, University of Idaho Locations: Palm Beach County , Florida, Fulton County, Florida, New York, Manhattan, Russia, Georgia, isn’t, York, Washington , DC

The list of the best Fitbit devices is headed up by two distinct flagship wearables: the Versa 4 and the Sense 2. Fitbit Versa 4 The Fitbit Versa 4 disappoints as a fourth-generation smartwatch as it lacks third-party app support, has issues with fitness tracking, and doesn’t allow for music storage. Fitbit Sense 2 vs. Fitbit Versa 4: Smartwatch performanceOne of the main nitpicks I have with these watches is their disappointing lack of smartwatch capability. Fitbit Sense 2 vs. Fitbit Versa 4: Health and fitness trackingFitness tracking features are available on both devices, but the Sense 2 seems to be more reliable. Fitbit Sense 2 vs. Fitbit Versa 4: Battery lifePerhaps the best feature native to both the Sense 2 and the Versa 4 is their battery life, which lasts roughly six days depending on how it's used.

Persons: Rick Stella, they're, There's, Grey, That's Organizations: iOS Battery, Alexa, Google, Apple Watch, Versa

Since CPI inflation tends to be faster than the PCE measures that the Fed uses to set its inflation target, that means one important area of policymaker focus may have dipped below target already. But the pace of increase pales against the double-digit gains in 2021, and the inflation rate for rental housing has also slowed. A recent study by San Francisco Fed economists, using real-time housing and rent data from companies like Zillow, projected "a sharp turnaround in shelter inflation" through late next year. Two versions of the San Francisco estimates show shelter inflation hitting 0% next year, well below the 3%-to-4% range that Meyer said could help the Fed traverse its last inflation mile more quickly. Other aspects of the economy may also be snapping into place, a possible late-arriving validation of the Fed's initial expectation that rising inflation in 2021 would prove "transitory."

Persons: Brent Meyer, Meyer, Quincy Krosby, they've, Christopher Waller, Howard Schneider, Dan Burns, Paul Simao Organizations: Federal Reserve, Reuters Graphics Reuters, Atlanta Fed's, Fed, CPI, San Francisco Fed, LPL, Richmond Fed, Reuters, Thomson Locations: U.S, San Francisco

☆ Thursday's inflation data may be low, but don't expect the Fed to declare 'mission accomplished' yet
▼ + stars: | 2023-08-09 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

But history has shown that inflation is stubborn and can last longer than expected once it becomes elevated and entrenched. "We can feel confident that inflation is moving in the right direction," said Mark Zandi, chief economist at Moody's Analytics. For instance, housing-related costs, which make up about one-third of the inflation index weighting, are dropping. In particular, they don't want to declare 'mission accomplished' too soon," he said Wednesday during an interview on CNBC's "Squawk on the Street." watch nowAt the macro level, the Fed rate hikes have appeared to do minimal damage.

Persons: Mandel Ngan, Dow Jones, Mark Zandi, Zandi, they're, Richard Clarida isn't, Clarida, Joe Biden, Patrick Reilly, Banks, Reilly, John Williams of, Patrick Harker Organizations: AFP, Getty, Federal Reserve, CPI, Moody's, Federal, of Labor Statistics, AAA, Atlanta Fed, CNBC, America Economic Survey Locations: Bethesda , Maryland, John Williams of New York, Philadelphia

☆ Hollywood’s math problem: Getting paid for streaming ‘hits’ first means identifying them
▼ + stars: | 2023-08-07 | by ( Brian Lowry | ) edition.cnn.com time to read: +5 min

The problem with that is audience levels aren’t the only metric when weighing the value of streaming series. "The Lord of the Rings: The Rings of Power," starring Morfydd Clark, was a major investment for Amazon's Prime Video. Matt Grace/Prime VideoThis premium-TV strategy of stirring conversation is something HBO understood long before streaming became a competitor. Even if you didn’t watch “The Wire” or “Boardwalk Empire,” getting HBO meant hanging around with the cool kids. Jenna Ortega as Wednesday Addams in the Netflix series "Wednesday."

Persons: Lucas Shaw, Power ”, Morfydd Clark, Matt Grace, ”, you’re, Kai ”, Jenna Ortega, Wednesday Addams Organizations: CNN, Bloomberg, Netflix, Amazon, Amazon's, HBO, Hollywood

☆ Why US sporting stars like Tom Brady, LeBron James, and JJ Watt are piling into English soccer
▼ + stars: | 2023-08-05 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +6 min

Brady joins the likes of Jordan Spieth, JJ Watt, and LeBron James by buying into English football. Former NFL star Watt bought a minority stake in Burnley FC, in May. Now, legendary quarterback Brady has unveiled a minority stake in Birmingham City. The rise of across-the-pond partnerships raises a question: what is it about British clubs that has suddenly captured celebrities' imagination? The rewards for success in the English Premier League can be astronomical.

Persons: Tom Brady, Brady, Jordan Spieth, JJ Watt, LeBron James, Watt, Spieth, Michael B Jordan, Ryan Reynolds, Rob McElhenney's, Simon Chadwick, Reynolds, Ralph Lauren –, Christina Philippou, we've, Philippou, it's, Chadwick, That's, We've, they're, there's Organizations: Service, NFL, Burnley FC, Leeds United, Liverpool FC, Fenway Sports Group, AFC Bournemouth, Disney, Birmingham, Knighthead Capital Management, Wrexham, L'Oreal, English Premier League, Sky, BT, Amazon Prime, Premier League, Manchester City, Portsmouth University, Wrexham AFC, Premier League –, European Locations: Birmingham City, Wall, Silicon, British, Wrexham, Birmingham, United States

☆ Superseding indictment in Trump classified documents case could delay trial several months. But thinking about the election date is not a 'legitimate line of inquiry' for a prosecutor, legal expert sa
▼ + stars: | 2023-07-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The superseding indictment adds a third defendant and additional charges. On Thursday, a grand jury returned a superseding indictment in the classified documents case, adding more charges, including two obstruction counts, and a third defendant. De Oliveira is expected to appear in a Miami federal court on July 31, the DOJ wrote in a press release of the superseding indictment. In a notice, Jack Smith, the special counsel leading the DOJ's case, wrote that the additions in the superseding indictment "should not disturb the Court's scheduling order." Trump's attorney did not immediately respond to a request for comment.

Persons: Donald Trump's, Carlos De Oliveira, Trump, Walt Nauta —, De Oliveira, Ken White, Brown White, Osborn, White, John Irving, Aileen Cannon, Trump's, Jack Smith, Walt Nauta Organizations: Service, Trump, DOJ Locations: Wall, Silicon, Miami

☆ The new charges in the Trump classified documents case could delay the trial 'a couple of months', a legal expert says. That could push it closer to the 2024 election.
▼ + stars: | 2023-07-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The superseding indictment adds a third defendant and additional charges. A new defendant may push the trial date "a couple of months," a former federal prosecutor says. On Thursday, a grand jury returned a superseding indictment in the classified documents case, adding more charges, including two obstruction counts, and a third defendant. De Oliveira is expected to appear in a Miami federal court on July 31, the DOJ wrote in a press release of the superseding indictment. Trump's attorney did not immediately respond to a request for comment.

☆ Why we're raising our price target on Microsoft despite a softer revenue outlook
▼ + stars: | 2023-07-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Revenues beat across the board, Azure's revenue growth decelerated in line with expectations, and companywide operating margins expanded nicely from last year. But total revenues fell a little less than expected, at 4%, mostly due to a 12% decline in Windows OEM revenue and a 18% drop in devices revenue growth. Gaming revenue grew 2%, with Xbox content and services revenue up 6%, offset by a 13% decline in Xbox hardware. In the productivity and business processes segment, revenue increased about 10% from last year thanks to a 15% increase in Office 365 Commercial Revenue growth. Microsoft sees Azure revenue growing 25% to 26% in constant currency, including roughly 2 points from all Azure AI services.

Persons: Amy Hood, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Flipkart, Nadella, Amit Madheshiya Organizations: Microsoft, Revenue, Refinitiv, Revenues, Services, Activision Blizzard, Office Consumer Products, Nvidia, CNBC, Microsoft Corp, Bloomberg, Getty Locations: Mumbai, India

☆ Jim Cramer says 'bulls are in charge' as stocks pop but adds a warning for investors
▼ + stars: | 2023-07-19 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Be cautious as stocks surge Look out for green shoots in bank stocks Watch Constellation Brands 1. Jim Cramer says it's clear that "the bulls are in charge and the bears are folding," but it's important that investors "don't fall prey to the notion that we are impermeable." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Dow, It's, Green, Goldman Sachs, Morgan Stanley, Elliott, Jeff Marks, Marks, Jim Cramer's, Jim Organizations: CNBC, Constellation Brands, Federal Reserve, Club, Constellation Brands Constellation Brands, Elliott Management, Corona, Modelo

☆ Why Apple is so obsessed with India
▼ + stars: | 2023-07-18 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

A growing middle class and demand for high-end tech offers opportunities for Apple to grow revenue. And so I'm very, very bullish and very, very optimistic about India," Apple CEO Tim Cook told investors in 2017. Only 5% of smartphones sold in India are iPhonesAccording to CNBC, iPhones accounted for 5.1% of all smartphone sales this year in India. India also now accounts for 4% of all iPhone sales, making it the fifth-largest consumer of Apple phones. Apple already dominates the US and much of the rest of the world, but it is still a minor player in India.

Persons: Goldman Sachs, Tim Cook, Beatrice Nolan, Cook, Nitin Soni, Forbes Organizations: Apple, Morning, CNBC, Labor, Fitch Ratings Locations: India, China, Greater China, US

☆ Meta and Qualcomm team up to run big A.I. models on phones
▼ + stars: | 2023-07-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

But the AI boom has largely missed the companies that make leading edge processors for phones and PCs, like Qualcomm. The announcement on Tuesday suggests that Qualcomm wants to position its processors as well-suited for A.I. If large language models can run on phones instead of in large data centers, it could push down the significant cost of running A.I. Qualcomm will make Meta's open-source Llama 2 models available on Qualcomm devices, which it believes will enable applications like intelligent virtual assistants. Doing this will allow researchers and eventually commercial enterprises to use the AI models on their own computers without asking permission or paying.

Persons: Cristiano Amon, OpenAI's, Bard Organizations: Qualcomm, Milken Institute Global Conference, Calif, Meta, Nvidia Locations: Beverly Hills

☆ Australia's call for World Cup prize equity adds fuel to fire in women's game
▼ + stars: | 2023-07-17 | by ( Amy Tennery | ) www.reuters.com time to read: +4 min

The Matildas called out gender disparity in World Cup prize money in a video message released on Monday, ensuring the topic will stay front-and-centre days before the tournament kicks off on their home turf and in New Zealand. The team went on strike in 2015 to demand better pay and have received the same minimum percentage of prize money for tournaments as their male counterparts since 2019. The statement comes amid upheaval across women's soccer, with players demanding better pay and playing conditions across the globe. The governing body previously said it aimed for prize money parity by the next World Cups in 2026 and 2027. Reporting by Amy Tennery in Auckland, additional reporting by Lori Ewing; editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.

Persons: Olivia Chance, Rebecca Sowden, Christina Philippou, England's, Megan Rapinoe, Amy Tennery, Lori Ewing, Clare Fallon Organizations: AUCKLAND, United States, Socceroos, FIFA, New Zealand, Reuters, Australian, University of Portsmouth, Football Association, Thomson Locations: Australia, New Zealand, Canada, Jamaica, Qatar, Brazilian, Norway, New, Auckland

☆ China beats SpaceX and Blue Origin to reach orbit with a methane-fueled rocket, edging ahead of the US in the space race
▼ + stars: | 2023-07-13 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

China pulled ahead in the space exploration race by reaching orbit with a methalox rocket first. The fuel, based on methane, is coveted by companies like SpaceX and Blue Origin. SpaceX's own methalox-fueled rocket Starship exploded before reaching this milestone in April. Chinese firm LandSpace launched their Zhuque-2 rocket from the Gobi Desert on Tuesday, reaching orbit shortly after. Meanwhile, the future of New Glenn, Blue Origin's methalox rocket, is uncertain after its BE-4 engine exploded during testing in June, per Space.com.

Persons: LandSpace, Jonathan McDowell, Relativity, New Glenn, Blue, Jonathan Newton Organizations: SpaceX, Service, Privacy, China, US Space Force, Washington, Getty, Reuters Locations: China, Wall, Silicon, New, Starbase, Jiuquan, Gansu Province

☆ Temu is baiting Amazon with 90% Prime Day discounts. Amazon wants nothing to do with the Chinese site.
▼ + stars: | 2023-07-12 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Temu may have better deals than Amazon during Prime Day. Prime Day shoppers may find lower prices on Temu. On Temu, it seems like every day is "Prime Day." Temu added nearly 10 million new daily users this year and now has about 16.5 million users, Intelligence firm GWS found. The firm also saw a decline in Amazon's daily app from 54 million to 46 million users daily.

Persons: isn't, Temu, GWS, Jason Del Rey, Paul Carter Organizations: Prime, Reuters, Amazon, PDD Holdings, Bloomberg, Intelligence, Bank of America, Walmart Locations: GVM

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