Microsoft on Wednesday reported a 11% increase in profit for the July-September quarter compared to the same time last year as investors looked for signs that the company’s huge spending on artificial intelligence is paying off.The company reported quarterly net income of $24.7 billion, or $3.30 per share, which beat Wall Street expectations. The Redmond,…… MORE
Washington Post Report: Subscriber Loss After Non-Endorsement Reaches a Quarter Million
The Washington Post has lost at least a quarter million subscribers since announcing last Friday it would not endorse a candidate in the presidential race. That’s according a report in the newspaper itself. That represents 10 percent of the paper’s digital subscriptions at a time the outlet — like most news organizations — is struggling…… MORE
Meta’s Third-Quarter Profit Surges 35% Reflecting Strong Ad Revenue and Its Ai Push
Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence. But the Instagram and Facebook parent company warned that it expects a significant acceleration in infrastructure spending next year. For the three months ended on Sept. 30, the Menlo Park, California, company earned $15.69…… MORE
Starbucks, Trying to Reverse Sluggish Sales, Discontinues Olive Oil Drinks to Simplify Its Menu
Starbucks is discontinuing its Oleato olive-oil infused beverages at most locations, part of an effort to streamline the chain’s menu. The Seattle-based company confirmed the change Wednesday ahead of the release of its fiscal fourth-quarter earnings. Later Wednesday, Starbucks’ new chairman and CEO, Brian Niccol, is scheduled to hold his first conference call with investors…… MORE
Reddit’s Explosive User Growth and AI Tools Help It Soar to Its First-Ever Profit
NEW YORK (AP) — For the first time in its nearly 20-year history, Reddit is turning a profit. The social platform claimed a profit of $29.9 million for the period ending in September, and reported sales of $348.4 million, an amount surpassing the $312.8 million analysts had projected. Reddit also grew its number of daily…… MORE
Autonomous Truck Company Aurora Delays Hauling Freight Without Human Drivers Until April
PITTSBURGH (AP) — Autonomous truck company Aurora Innovation says it won’t start hauling freight without humans on board until April of next year. That’s a delay from previous statements that commercial service would begin by the end of 2024. The Pittsburgh company on Wednesday said the April launch of driverless semis traveling from Dallas to…… MORE
Denton County Residents Under Burn Ban
DENTON (WBAP/KLIF News ) – Despite cooler temperatures hovering over the region, some North Texas county officials are warning the threat of wildfire is still present. Denton County Judge Andy Eads issued a mandatory burn ban on Tuesday due to warm temperatures, high winds, low humidity and dry vegetation. The Texas A&M Forest Service’s Adam…… MORE
Fort Worth Aquarium Closes Amid Animal Cruelty Investigation
FORT WORTH (WBAP/KLIF News ) – An animal cruelty investigation in Tarrant County has led to the closure of ‘Seaquest Fort Worth’ at Ridgemar Mall. PETA said it filed a complaint with Fort Worth police about two dead sharks and dozens of dead fish. The animal rights organization also said former employees described conditions of…… MORE
Israeli Strikes in Northern Gaza Kill at Least 88, Officials Say
DEIR AL-BALAH, Gaza Strip (AP) — Gaza’s Health Ministry says two Israeli strikes in the northern Gaza Strip killed at least 88 people. The ministry said a five-story building was hit in one of the strikes Tuesday, killing at least 60 people, more than half of them women and children. Israel has escalated airstrikes in…… MORE
Steve Bannon Spends His First Day Out of Prison on the Airwaves Campaigning for Trump
NEW YORK (AP) — Longtime Donald Trump ally Steve Bannon has been released from prison after serving a four-month sentence for defying a subpoena in the congressional investigation into the U.S. Capitol attack on Jan. 6, 2021. Bannon left the Federal Correctional Institution in Danbury, Connecticut, on Tuesday morning. He later resumed his podcast, saying he…… MORE
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