Author: Editor-In-Chief
Firefighters walk through smoke from a fire at the logistics facility of Russian e-commerce company Wildberries in the town of Elektrostal, on the outskirts of Moscow, on July 18, 2026. On July 18, 2026, officials announced that eight people were killed and 24 injured in Ukrainian drone attacks on two Russian distribution centers.Tatyana Makeeva | AFP | Getty ImagesUkraine intensifies attacks on Russia AmazonStyle retail giant Wildberries has signaled a new phase in the war as Kiev seeks to inflict fresh pain on Russia’s economy. Over the past week, the Ukrainian Armed Forces attacked major logistics centers on Russian territory,…
AP — Firefighters in central Spain battled Wednesday to extinguish a wildfire that has burned more than 32,000 hectares (79,000 acres) in one of the country’s largest-ever wildfires. The fire in rural Guadalajara comes less than two weeks after a major blaze devastated a small expatriate community in southern Spain. The small but highly toxic fire was one of the deadliest wildfires in the southern European country, killing 13 people, including several foreigners. Spanish Prime Minister Pedro Sánchez visited fire-hit areas in Guadalajara on Wednesday and called for an interparty agreement to fight climate change. “Every year we see more…
White House science adviser Michael Kratsios said the Chinese company Moonshot, which developed the Kimi K3, the largest open-weight LLM available, built the model by copying Anthropic’s Fable LLM while using chips that are not allowed to be exported to China. Amid reports of debate over a ban on China’s promiscuous models that are disrupting the AI field, Kratsios wrote that “massive, covert industrial distillation aimed at stealing America’s proprietary technology and undermining American research is unacceptable.” Moonshot did not respond to questions about the training process, and Kratsios did not provide details about the source of the allegations. Kratsios’…
southwest airlines reported a more than 9% year-over-year increase in second-quarter profit as higher fares helped airlines cover fuel costs, but its outlook for the summer fell short of Wall Street expectations.The company forecast third-quarter adjusted earnings of 50 cents to 75 cents, below analysts’ expectations of 82 cents, even though it expected sales to rise 17.5% to 19.5% from a year earlier. The Dallas airline said it plans to reduce capacity by up to 1% or keep it flat compared to the third quarter of 2025.Southwest expects full-year adjusted earnings per share to be between $3.25 and $4.25. In…
Frank Bisignano, Commissioner of the Social Security Administration and former Chairman and CEO of Fiserv, speaks in an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, USA, on August 12, 2025. Brendan McDiarmid | ReutersIn a letter sent late Wednesday and shared exclusively with CNBC, a group of Senate Democrats led by Sen. Elizabeth Warren argued that Internal Revenue Service Commissioner Frank Bisignano may have lied to Congress about staffing issues as the agency rushes to hire after making deep cuts at the start of the Trump administration.Mr. Bisignano, who is…
Hedge fund manager John Paulson, who made billions of dollars in bets on the U.S. housing market before becoming bullish on gold, said he believes precious metals are only in the early stages of a long-term bull market.”I think we’re at the beginning or early stages of a secular bull market in gold,” Paulson said Wednesday on CNBC’s “The Exchange.” “Gold as a substitute will continue to grow as people lose faith in paper money.”Paulson, whose bet on subprime mortgages became one of the most lucrative trades in Wall Street history, shifted his focus to gold in 2009, arguing that…
The CXMT logo appears on the screen of a smartphone placed on a reflective surface with the Chinese flag projected on it on July 17, 2026 in Creteil, France. China’s DRAM memory chip giant Changxin Memory Technology’s initial public offering (IPO) attracted attention on Shanghai’s STAR market, raising nearly $8.6 billion. Null Photo | Null Photo | Getty ImagesCryptocurrency traders have set the stock price of Changxin Memory Technology, China’s largest memory chip maker, at a level that would make it the most valuable mainland-listed company, days ahead of its record debut in Shanghai.Crypto startup Trade.xyz is offering CXMT-linked contracts…
Editor’s note: Call to Earth is a CNN editorial series dedicated to reporting on the environmental challenges facing our planet and their solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to promote awareness and education on key sustainability issues and inspire positive action. This summer, fierce wildfires broke out across southern Europe earlier than usual. More than 240,000 acres have already been burned across Spain, and recent wildfires in the south are quickly becoming the country’s deadliest. Preventing wildfires has become a high-tech effort using satellites, drones, and AI systems. But 130 miles south of Barcelona, an ancient solution…
On Wednesday, IBM officially reported its earnings, and the news was just as bad as everyone expected. The 115-year-old company still generates huge amounts of cash, with sales of $17.2 billion, gross profit of $9.9 billion, profit margins of about 58%, and net income of $2.2 billion for the quarter, but its results were well below Wall Street expectations. It was a failure so bad that IBM CEO Arvind Krishna and the board took the unprecedented step of warning investors in advance that earnings were “worse than expected” and giving everyone a sneak peek. He published a “letter to investors”…
U.S. President Donald Trump (right) and Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman (second from left) meet in the Oval Office of the White House on November 18, 2025 in Washington, DC. Win McNamee | Getty ImagesThe United States signed an agreement Wednesday to develop a civilian nuclear program in Saudi Arabia. The Department of Energy said the agreement lays the legal foundation for a multi-decade, multi-billion dollar partnership. The ministry said this would give American companies access to Saudi Arabia’s nuclear energy program and encourage exports of American technology in the sector. Energy Secretary Chris Wright…