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View More NewsIn brief Alibaba’s fiscal first-quarter revenue rose 9% year-over-year to 268.95 billion yuan ($40 billion), narrowly beating the 268.88 billion yuan analyst estimate, while net income fell 75% to RMB 10.44billion ($1.6 billion). Alibaba Cloud’s external revenue growth accelerated to 45%, and AI-related product revenue logged its 12th straight quarter of triple-digit growth, reaching 12.38 billion yuan ($1.82 billion). Capital expenditure jumped 75% to 67.7 billion yuan ($10 billion), pushing free cash flow to a $6.6 billion outflow; U.S.-listed shares fell as much as 5% before paring the drop to roughly 3.5%. Chinese tech titan Alibaba reported fiscal first-quarter revenue…
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I first came across French writer Jean Raspail’s infamous novel The Camp of the Saints while I was reading Douglas Murray’s The Strange Death of Europe back in 2017. Raspail’s novel imagines the invasion of Europe by large groups of unsanitary and ravenous migrants from the Global South led by a coprophage (“shit-eater”). Despite his own firmly anti-immigration views, Murray declines to defend the book’s inflammatory contents, but he is nonetheless struck by Raspail’s descriptions of Western passivity in the face of an unsustainable wave of immigration. The book’s overt racism notwithstanding, it has attracted some attention in recent years…
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Six weeks of compression ended in the largest short liquidation since at least 2021, with $3 billion of bearish bets forced to buy back…
As US federal debt tops $40 trillion for the first time, there is renewed debate over whether mounting government borrowing could strengthen Bitcoin’s case…
In brief XRP gained 10.40% on Wednesday alone, its biggest daily jump since February 6, then extended the rally Thursday, up roughly 30% for…
In a handful of known cases, large social media companies have privately pushed back against Immigration and Customs Enforcement (ICE) subpoenas when the agency…
from the they-get-it dept In all of our conversations about video game preservation, one common thread is the general apathy of developers and publishers…
Last month, Virginia became the 12th state to enact an “assault weapon” ban, which Gov. Abigail Spanberger signed into law on April 13. That new law is…
Arkham Intelligence data shows that over $1 billion in bitcoin has left wallets attributed to Bhutan in the past year, flowing to exchanges and…
Bitcoin (BTC) fell below $80,000 at Friday’s Wall Street open as analysis tied risk-asset weakness to US bond markets.Key points:Bitcoin eyes its lowest levels…
In brief IREN Limited closed a $3 billion convertible senior notes offering to fund AI infrastructure expansion. Net proceeds totaled $2.96 billion, with $201.3…
From Payne v. State, decided last week, in an opinion by Justice Benjamin Land: Hannah Payne was sentenced to life in prison plus 13…
OKX’s planned move into the South Korean market would echo that of Binance, which completed its acquisition of Seoul-based Gopax last year. Read the…
The US Senate Banking Committee passed the crypto framework CLARITY Act yesterday.Now, the bill, for which the crypto industry has heavily lobbied since it…