George Santos, who was expelled from the U.S. House of Representatives, arrives for the sentencing in his criminal corruption charges at Central Islip Federal Courthouse in Central Islip, New York, U.S., April 25, 2025.Shannon Stapleton | ReutersPresident Donald Trump on Friday evening said he has commuted the prison sentence of George Santos, releasing the disgraced former Republican congressman immediately.Santos “was somewhat of a ‘rogue,’ but there are many rogues throughout our Country that aren’t forced to serve seven years in prison,” Trump wrote in a Truth Social post.Santos was sentenced to 87 months in federal prison this year after pleading…
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A demo setup of racks of AI servers connected with Credo cables, displayed at the Open Compute Summit in San Jose, California.CredoIn July, Elon Musk posted photos from inside an xAI data center called Colossus 2, which the artificial intelligence startup aims to turn into a massive supercomputing facility in Memphis, Tennessee.Musk’s pictures, posted to his X feed, didn’t show off the pricey Nvidia racks that are filled with powerful graphics processing units. Rather, he focused on the wires behind the servers, including one image with thousands of neatly organized purple cables connecting the computers together.Those purple cables are the…
Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, U.S. June 25, 2024.Jennifer Buchanan | Via ReutersBoeing has won regulator approval to ramp up production of its best-selling 737 Max jetliners to 42 a month, a milestone for the manufacturer nearly two years after the Federal Aviation Administration capped its output after a midair near-catastrophe.In January 2024, the FAA restricted Boeing to building the planes at a rate of no more than 38 a month — though it had been below that level at the time — after a door plug from a nearly new 737 Max 9…
The impact of artificial intelligence is being felt across the health-care industry, from tools that help analyze medical images, aid in drug discovery and complete cancer screenings.But increasingly, AI is being used to fight one of the biggest challenges that health care is facing: a time-challenged (and often burned out) workforce of doctors, nurses and support staff that wants to focus more on patients and care instead of other arduous administrative tasks.That’s leading health-care technology stalwarts like Epic Systems to invest in a variety of AI features that can do everything from helping patients book appointments or understand lab results…
Wall Street gets more information on corporate America next week, with third-quarter earnings shifting into high gear. There’s also important inflation data coming. The earnings season is off to a strong start, with financials topping expectations thanks to the likelihood of lower interest rates and greater merger and acquisition activity. S & P 500 earnings are expected to expand by 8.4% compared with the same quarter a year ago, according to FactSet data. But, given that earnings typically exceed expectations, FactSet senior analyst John Butters said it’s likely the broader index will report earnings growth above 13% for the fourth…
The Justice Department filed an emergency request asking the court to block a judge’s ruling halting the deployment of hundreds of troops in the Chicago area. Source link
Salesforce CEO Marc Benioff apologized on Friday for making comments in support of President Donald Trump potentially sending federal troops to San Francisco, where his company is based. “Having listened closely to my fellow San Franciscans and our local officials, and after the largest and safest Dreamforce in our history, I do not believe the National Guard is needed to address safety in San Francisco,” Benioff wrote in a post on X.The Trump administration recently deployed the National Guard to Portland, Oregon and Chicago, sparking protests and lawsuits and resulting in citizens and immigrants being detained without legal representation.In a story published late…
Baird believes that shares of Zions Bancorp have been unduly punished. Analyst David George upgraded the regional bank to outperform from neutral. George’s $65 price target implies an upside of nearly 39% from Zions’ Thursday close. Shares of Zions plunged 13% on Thursday alone after the bank said it would write off $50 million because of two loans taking out by fraudulent borrowers. The incident put the bank’s borrowing practices under more scrutiny amid rising fears that lending practices on Wall Street have grown too lax. ZION YTD mountain ZION YTD chart However, in a Friday note George called the…
Another breakup is on the horizon. Later this month, Honeywell will separate its Solstice Advanced Materials unit. Honeywell shareholders as of Oct. 17 will receive one share of Solstice for every four shares of Honeywell. The two companies will begin trading independently on Oct. 30, with Solstice under the ticker SOLS and Honeywell keeping its current ticker, HON. The upcoming spin is the first step in Honeywell’s multi-stage breakup plan. In the second half of 2026, Honeywell will separate its remaining automation and aerospace businesses, in a move that was first pushed for by the activist investment management firm Elliott…
Oracle’s extended rally, which has been driven by the company’s increasingly central position in the artificial intelligence boom, hit pause on Friday, with the stock tumbling 7%, its worst day since January.The slide came a day after the software company revealed a long-term outlook, boosted by AI, at an analysts’ meeting that was part of the Oracle AI World conference in Las Vegas.Oracle said on Thursday that it expects $166 billion in cloud infrastructure revenue in the 2030 fiscal year, up from $18 billion in fiscal 2026. The company now sees $21 in adjusted earnings per share on $225 billion…
