Hong Kong company to sell Panama Canal ports amid US pressure
Hong Kong company to sell Panama Canal ports amid US pressure
A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment company BlackRock.
The ***** comes after weeks of complaining by President Donald Trump that the canal is under ******** control and that the US should take control of the major shipping route.
Through a subsidiary, CK Hutchison Holding operates ports at the Atlantic Ocean and Pacific Ocean entrances to the canal.
It said Tuesday that it would sell its interests as part of a deal worth $22.8bn (£17.8bn).
CK Hutchison is not owned by the ******** government but its base in Hong Kong means it operates under ******** financial laws. It has operated the ports since 1997.
The deal includes a total of 43 ports in 23 countries around the world, including the two canal terminals. It will require approval by the Panamanian government.
The 51-mile (82km) Panama Canal cuts across the central American nation and is the main link between the Atlantic and Pacific oceans.
Up to 14,000 ships travel through it each year, including container ships carrying cars, natural gas and other goods, and military vessels.
It was built in the early 1900s. The US maintained control over the canal zone until 1977, when treaties gradually ceded the land back to Panama.
After a ******* of joint control, Panama took sole control in 1999.
Trump has made several arguments for retaking control of the canal and the surrounding area. He argued that ******** influence is a national security threat, that the US investment in the initial building of the canal justifies taking back control, and that US ships are charged too much for using the waterway.
In a visit to Panama in February, US Secretary of State Marco Rubio demanded that the country make “immediate changes” to what he calls the “influence and control” of China over the canal.
Panama rejected the US government claims and President Jose Raul Mulino has said the canal “is and will remain” in the central American country’s hands.
In a statement announcing the business deal, Frank Sixt, co-managing director of CK Hutchison, said: “I would like to stress that the transaction is purely commercial in nature and wholly unrelated to recent political news reports concerning the Panama Ports.”
BlackRock is one of the world’s largest asset management companies. The group buying the ports also includes Terminal Investment Limited, a Swiss company.
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Mammoth effort as scientists engineer woolly mice
Mammoth effort as scientists engineer woolly mice
Extinction is still forever, but scientists at US biotech company Colossal Biosciences are trying what they say is the next best thing to restoring ancient beasts – genetically engineering living animals with qualities to resemble extinct species like the woolly mammoth.
Woolly mammoths roamed the frozen tundras of Europe, Asia and North America until they went extinct around 4000 years ago.
Colossal made a splash in 2021 when it unveiled an ambitious plan to revive the woolly mammoth and later the dodo bird.
Since then, the company has focused on identifying key traits of extinct animals by studying ancient DNA, with a goal to genetically “engineer them into living animals,” said CEO Ben Lamm.
Outside scientists have mixed views about whether this strategy will be helpful for conservation.
“You’re not actually resurrecting anything – you’re not bringing back the ancient past,” said Christopher Preston, a wildlife and environment expert at the University of Montana, who was not involved in the research.
On Tuesday, Colossal announced its scientists had simultaneously edited seven genes in mice embryos to create mice with long, thick, woolly hair. They nicknamed the extra-furry rodents as the “Colossal woolly mouse”.
Results were posted online, but have not yet been published in a journal or vetted by independent scientists.
The feat “is technologically pretty cool,” said Vincent ******, a biologist at the University of Buffalo, who was not involved in the research.
Scientists have been genetically engineering mice since the 1970s, but new technologies like CRISPR “make it a lot more efficient and easier,” said ******.
The Colossal scientists reviewed DNA databases of mouse genes to identify genes related to hair texture and **** metabolism.
Each of these genetic variations were “present already in some living mice”, said Colossal’s chief scientist Beth Shapiro, but “we put them all together in a single mouse”.
They picked the two traits because these mutations are likely related to cold tolerance – a quality woolly mammoths must have had to survive on the prehistoric Arctic steppe.
Colossal said it focused on mice first to confirm if the process works before potentially moving on to edit the embryos of Asian elephants, the closest living relatives to woolly mammoths.
However, because Asian elephants were an endangered species, there would be “a lot of processes and red tape” before any plan could move forward, said Colossal’s Lamm, whose company has raised over $US400 million ($A638 million) in funding.
Independent experts are skeptical about the idea of “de-extinction.”
“You might be able to alter the hair pattern of an Asian elephant or adapt it to the cold, but it’s not bringing back a woolly mammoth. It’s changing an Asian elephant,” said University of Montana’s Preston.
Still, the refinement of precision gene-editing in animals could have other uses for conservation or animal agriculture, said Bhanu Telugu, who studies animal biotechnology at the University of Missouri and was not involved in the new research.
Telugu said he was impressed by Colossal’s technology advances that enabled scientists to pinpoint which genes to target.
The same approach might one day help fight diseases in people, said Lamm. So far, the company has spun off two health care companies.
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Who is Elissa Slotkin? What to know about the Michigan senator delivering Democratic response to Trump.
Who is Elissa Slotkin? What to know about the Michigan senator delivering Democratic response to Trump.
U.S. Sen. Elissa Slotkin from Michigan is giving the Democratic response to President Trump’s address to a joint session of Congress Tuesday night.
“I’m looking forward to speaking directly to the American people next week. The public expects leaders to level with them on what’s actually happening in our country,” Slotkin said in a post on X after Senate ********* Leader Chuck Schumer announced that she was giving the response.
“From our economic security to our national security, we’ve got to chart a way forward that improves people’s lives in the country we all love, I look forward to laying that out.”
What to know about Sen. Elissa Slotkin
Slotkin, 48, was a former CIA officer who worked in national security roles in the Pentagon and both the Bush and Obama administrations and has touted her work across the aisle as a moderate Democrat. During her time as an officer, she served three tours in Iraq alongside the U.S. military.
In the Obama administration, Slotkin briefed the former president on some of the most sensitive national security issues before she was nominated to serve as the assistant secretary of Defense for International Security Affairs at the Pentagon, according to her bio on the Senate website.
Slotkin was elected to the U.S. House of Representatives in 2018 and was reelected in 2020 and 2022. She was mostly known for pledging on the campaign trail to bring her bipartisan approach to the upper chamber. Slotkin said her bipartisan approach comes mostly from living in a household where her father was a Republican and her mother was a Democrat.
“I believe in bipartisan legislation. It’s always better when it’s bipartisan,” Slotkin told CBS News Detroit in a one-on-one interview in October 2024.
“The idea that I would just be so partisan that I couldn’t have Thanksgiving dinner with my dad just doesn’t work for me. National security, we’re just not trained that way,” she added.
Within months of longtime Democratic Sen. Debbie Stabenow announcing that she would not seek reelection, Slotkin announced her bid shortly for the seat, becoming the first Democratic candidate to enter the race. In the August 2024 primary, Slotkin held a strong lead against actor Hill Harper before taking on Republican Mike Rogers in the general election.
The Slotkin-Rogers race became one of the most watched because Michigan had not elected a Republican in over three decades. Slotkin narrowly beat Rogers in November, resealing the Democratic control over the two U.S. Senate seats.
She received four committee assignments in the Senate: Armed Services, Homeland Security and Governmental Affairs, Agriculture, and Veterans. She was one of four Democrats to win a U.S. Senate race in a state where Mr. Trump won.
Prior to the 2024 election, Slotkin told CBS News Detroit that she was focused on the military and economic threat, particularly from China.
“I think it’s a different type of threat, but because we depend on them, we have a globalized economy; but whether it’s their military advantages that they have in some cases or it’s the way they have just dominated our supply chains and have a veto on our economic security, to me, it’s really important, on a bipartisan basis, for us to come up with thoughtful plans on how to make sure we’re prepared militarily if we need it, but also that we take a real serious approach to China investing in things like our farmland, our manufacturing facilities,” Slotkin said.
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Teen with ‘Perfect’ School Attendance Went Absent for Weeks. Then Police Found His Mom, Stepdad Slain at Home
Teen with ‘Perfect’ School Attendance Went Absent for Weeks. Then Police Found His Mom, Stepdad Slain at Home
Authorities have arrested a Wisconsin teenager on theft and motor vehicle charges after police found his stepfather and mother slain in their home last week.
The deceased couple were found in their home in Village of Waukesha, Wisc., on Friday, Feb. 28, by officers conducting a ******** check, according to a statement from the Waukesha County Sheriff’s Department.
Police did not name the victims in the statement, but family members identified them as 51-year-old Donald Mayer and his wife, Tatiana Casap, TMJ 4, CBS 58 and 12 News reported.
Later on Feb. 28, officers from Wakeeney Police Department in Kansas arrested 17-year-old Nikita Casap while the teen was allegedly driving Mayer’s car, according to a criminal complaint initially obtained by 12 News and reviewed by PEOPLE. The complaint alleges that Nikita had Mayer’s firearm on him,
Nikita was charged with theft in connection with the vehicle and firearm; he has not been charged in connection with the deaths.
Investigators soon learned neither Mayer nor the Casaps had been heard from in the days leading up to the discoveries of the bodies.
On Feb. 28, around the same time that Mayer’s mother requested a ******** check, a resource officer from Nikita’s school requested the same thing, per the complaint. The resource officer said Nikita had maintained “perfect” attendance at the school — until he stopped showing up about two weeks prior.
The couple had waning communication with those who knew them throughout the month of February, according to the complaint.
Tatiana’s vehicle was last recorded in a license plate reader in the neighborhood on Feb. 11, investigators say.
On Feb. 23, Mayer’s mother received “suspicious” and “weird” text messages from him, she told police.
Mayer’s manager at work told authorities that he last heard from him on Feb. 25, and received a text from the victim’s number saying he was sick and couldn’t talk on the phone.
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During the ******** check on Feb. 28, Tatiana was found covered in blankets, next to dried blood and a bullet hole; Mayer was found under a pile of clothes with “an obvious wound” on his head, per the complaint.
Police eventually tracked Nikita using Mayer’s car information.
He has been charged with one count of theft and one count of operating a motor vehicle without the owner’s consent, per the criminal complaint. Online court records did not indicate plea or attorney information for Nikita.
Waukesha authorities said on Monday that an autopsy had been completed but did not declare a cause of death.
An investigation is ongoing. Anyone with information or leads related to the case is requested to contact Detective Sam Yanke at 262-896-8117 or 262-548-7128.
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You can now access Gemini from your iPhone’s lock screen
You can now access Gemini from your iPhone’s lock screen
Google Gemini has six new iPhone lock screen widgets
Gemini also has new iPhone Control Center shortcuts
The widgets include instant access to voice input, image recognition, and file analysis
Google just made it a whole lot easier to talk to Gemini on an iPhone, even before it’s unlocked. The Gemini app now offers widgets for iPhone lock screens and Control Center, making it feel less like a third-party chatbot and more like a built-in feature of iOS.
The six new lock screen widgets provide instant access to a different Gemini function. Before this update, getting to Gemini meant unlocking your phone, finding and opening to the app, and then choosing what you wanted to do. While hardly an ordeal, it wasn’t exactly seamless. Now, though, you can jump straight into the action with a single tap.
The “Type Prompt” widget lets you quickly fire off a question to Gemini without opening the full app. Need a quick answer on whether penguins have knees? Now, you can find out without disrupting whatever else you are doing. “Talk Live” is similarly handy, letting you dive straight into a real-time conversation with Gemini, skipping the previous extra step of launching the chat first.
(Image credit: iPhone Screenshots)
The “Open Mic” option is perfect for when your hands are full, but you suddenly remember you need to set a reminder, schedule a meeting, or ask Gemini to draft an email. If you’re the kind of person who frequently thinks of to-do list items at the worst possible times, this could save you from the familiar cycle of “I’ll remember that later” and then, inevitably, forgetting.
There are also camera-based features that turn Gemini into an on-demand visual search engine. The “Use Camera” widget lets you snap a photo and ask questions about what’s in front of you, which is great for identifying mysterious ingredients in your fridge or confirming that the spider in your bathroom is probably harmless. The “Share Image” and “Share File” options let you upload existing media for Gemini to analyze, whether you want more information, some creative inspiration, or just someone (or something) to acknowledge your latest masterpiece.
If you’d rather make Gemini more invisible, you can set the shortcuts to the corner buttons where the flashlight and camera buttons usually reside. You can also make them part of Control Center, allowing you to swipe down in iOS to see them. Google seems eager to make Gemini feel more at home on your iPhone than Siri, frankly.
(Image credit: iPhone Screenshots)
Gemini iPhone
It’s also notable that Gemini’s attempt to fit in on the iPhone comes as Apple is working to rework Siri for the new AI age. As that complete retooling hasn’t arrived yet, Google might be trying to get iPhone users used to Gemini before Siri’s AI makeover debuts.
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It also sets the stage for a new kind of rivalry among AI assistants. Rather than being relegated to an app you visit when you remember it exists, AI is becoming a more immediate, everyday presence. With these new widgets, interacting with Gemini can be as habitual as checking notifications or adjusting brightness.
That’s a big leap from the days of virtual assistants feeling like novelties that you’d occasionally ask to tell you a joke before forgetting about them entirely.
For now, this update is a clear win for iPhone users who enjoy using Gemini. It makes the assistant faster, more accessible, and more seamlessly integrated into daily life. Whether this is the beginning of a full-scale AI assistant takeover remains to be seen, but it will certainly be harder to ignore if you add it to your lock screen.
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Starliner commander says politics played no role in crew’s extended stay in space
Starliner commander says politics played no role in crew’s extended stay in space
Starliner commander Barry “Butch” Wilmore said Tuesday he did not think politics played any role in the crew’s extended mission, but he did not directly address earlier comments by President Trump and Elon Musk that the crew had been “abandoned” in space by the Biden administration.
“Obviously, we’ve heard some of these different things that have been said,” Wilmore said during an orbital news conference. “I can tell you at the outset, all of us have the utmost respect for Mr. Musk and obviously, respect and admiration for our president of the United States, Donald Trump.”
“The words they’ve said, politics, I mean, that’s part of life. We understand that. And there’s an important reason why we have a political system and the political system that we do have, and we’re behind it 100%.”
Space station commander Nick Hague, center, flanked by Starliner commander Butch Wilmore (left) and pilot Sunita Williams (right) during an orbital news conference Tuesday.
NASA
Wilmore and Starliner pilot Sunita Williams said in earlier comments that they didn’t feel stranded or abandoned. But again on Tuesday, the crew took multiple questions about what some see as the intrusion of politics on their mission.
“From my standpoint, politics is not playing into this at all,” Wilmore said. “We came up prepared to stay long, even though we planned to stay short. That’s what we do in human space flight. That’s what your nation’s human space flight program is all about, planning for unknown, unexpected contingencies. And we did that.”
Wilmore and Williams, both former military test pilots, launched to the International Space Station on June 5 last year aboard a Boeing Starliner crew ferry ship for a mission that was expected to last about eight days.
The Starliner docked at the outpost the day after launch, but the ship ran into multiple problems with its propulsion system during its approach to the lab.
In mid August, after a detailed engineering analysis, Boeing managers argued the problems were well understood and could be safely managed during the crew’s return to Earth. But NASA managers disagreed and eventually decided to bring the Starliner back to Earth by remote control, without its crew, in early September.
To minimize the disruption to the station’s crew rotation schedule and on-going research, NASA opted to bump two astronauts from the next SpaceX Crew Dragon flight and to launch that mission, known as Crew 9, in late September with just two crew members on board. That left two empty seats for Wilmore and Williams.
The Crew 9 mission was initially expected to end this month, but the flight was extended to late March because of issues preparing a new Crew Dragon for launch, sources said. NASA later decided to use a different Crew Dragon, clearing the way for Crew 9 to undock and head for Earth around March 19.
The four Crew 9 fliers inside the Crew Dragon that will carry them back to Earth around March 19. Left to right: Starliner pilot Sunita Williams, cosmonaut Alexander Gorbunov, commander Nick Hague and Starliner commander Barry “Butch” Wilmore.
NASA
On Jan. 28, President Trump blamed the Biden administration for the Starliner crew’s extended stay in space, saying he had asked SpaceX founder Elon Musk to “go get” the two “brave astronauts who have been virtually abandoned in space by the Biden administration.”
“They have been waiting for many months on @Space Station. Elon will soon be on his way. Hopefully, all will be safe. Good luck Elon!!!,” Mr. Trump wrote on Truth Social.
Hours before the president’s post, Musk said on his social media platform X that Mr. Trump had asked SpaceX to get the Starliner astronauts home as soon as possible, adding, “We will do so. Terrible that the Biden administration left them there so long.”
Musk later said he offered to bring Wilmore and Williams back to Earth earlier, but he said his offer was turned down because “they did not want positive press for someone who supported Trump. That’s it. End of story.”
Wilmore described the SpaceX CEO as “absolutely factual.” But he added that the crew had no knowledge of such an offer.
“We have no information on that, though … what was offered, what was not offered, who it was offered to, how that processes went,” Wilmore told a reporter Tuesday. “That’s information that we simply don’t have.”
“So I believe him. I don’t know all those details, and I don’t think any of us really can give you the answer that maybe you would be hoping for.”
NASA plans to operate the ISS through 2030. In another recent post on X, Musk said the station should be brought down earlier: “It is time to begin preparations for deorbiting the @Space_Station. It has served its purpose. There is very little incremental utility. Let’s go to Mars.”
When asked by tech and science news outlet Ars Technica to clarify, Musk responded on X by saying “the decision is up to the president, but my recommendation is as soon as possible. I recommend 2 years from now.”
Williams said he disagreed.
“This place is ticking, it’s just really amazing,” she said of the station. “So I would say we’re actually in our prime right now. We’ve got all the power, all of the facilities up and operating. So I would think that right now is probably not the right time to call it quits.”
Given that the ISS is operated by NASA and multiple partner nations, the Starliner pilot said they should make the most out of it for taxpayers and international partners and “hold our obligations and do that world-class science that this laboratory is capable of.”
If all goes well, Crew 10 commander Anne McClain, pilot Nichole Ayers, Japanese astronaut Takuya Onishi and cosmonaut Kirill Peskov will blast off and head for the space station on March 12.
Once on board, Crew 9 commander Nick Hague, cosmonaut Alexander Gorbunov, Wilmore and Williams will help their replacements settle in before undocking and returning to Earth around March 19.
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Bill Harwood has been covering the U.S. space program full-time since 1984, first as Cape Canaveral bureau chief for United Press International and now as a consultant for CBS News.
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Revolutionary building company NXT TEC sues State over building contract
Revolutionary building company NXT TEC sues State over building contract
The contract with the State Government ended amid claims of that the ‘genius’ inventor at NXT TEC Matakli O’Goshi Lim had an ‘attitude problem’.
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Planes Receive Multiple False Alarms Informing Them of Midair Collisions at D.C. Airport
Planes Receive Multiple False Alarms Informing Them of Midair Collisions at D.C. Airport
The Federal Aviation Administration (FAA) is investigating reports about recent flights into Ronald Reagan National Airport in Washington, D.C., receiving false alarms about midair collisions — about one month after an incident involving an American Airlines plane and Army helicopter that left 67 dead.
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Wine consumption is changing. The industry hopes new trends will help it survive
Wine consumption is changing. The industry hopes new trends will help it survive
Grapes are seen in a vineyard in Ruedesheim am Rhein, western Germany.
Kirill Kudryavtsev | Afp | Getty Images
Global wine consumption has been on a steady decline in recent years — and it’s forced the wine industry to adapt. Organic and orange wines, non-alcoholic options and high-end fine vintages are all seeing increased demand, as growing health awareness and rising inflation hit consumer habits.
Global wine production is expected to have fallen around 2% last year, hitting its lowest levels since 1961, according to the International Organization of Wine and Vine’s 2024 World Wine Production Outlook. Climate issues and adverse weather events played a big part in this drop, the industry organization said — especially in France, where output fell so significantly it was described as “substantially influencing the worldwide wine supply.”
The decline in production has come hand in hand with a fall in consumption, following both economic challenges and changes in drinking behavior. The latest statistics show that world wine consumption dropped by 2.6% in 2023 compared to 2022, when it was “already low.”
“People are actively trying to drink less,” Richard Halstead, COO of consumer research at alcohol industry research firm IWSR. While spirits like cognac and ******** are still reserved for special occasions, drinks like wine and beer — which used to be the daily go-to — are feeling the pinch, he explained.
It’s sparked a change of focus for many in the wine industry, as wine becomes less of an everyday beverage and more of an occasional treat.
“The industry is thinking on how people can spend a bit more money on it, by making the product more interesting. You see characteristics like natural, organic, orange, low-intervention, wine a bit more artisanal in nature.” Halstead said. “People want to be in control, they are more interested in the product itself, rather than it simply being an alcohol delivery mechanism.”
This more specialized interest has driven growth in what used to be niche areas of winemaking. According to a study by market research firm Horizon, the size of the organic wine market will see a compound annual growth rate of 10.3% between 2024 and 2030, with Europe generating the largest revenue.
Orange wine — made when the skins are left on white wine grapes for longer — has also been enjoying significant growth.
A wine glass is on display in a wine shop.
Nurphoto | Nurphoto | Getty Images
Tatiana Fokina, CEO of Hedonism Wines, a spirits shop in Mayfair known for its rare offerings, said she has witnessed major shifts in wine sales since the store opened in 2012. In particular, she said people had started taking a deeper interest in finding out about the production process and origins of the wine they consume.
“I think people are much more educated about what they’re drinking. They are having better developed palates, they are learning a bit more about complex wines, possibly higher-level wines, rather than buying more of simple, lower-end wines,” she said.
The change comes as experts hope for a resurgence in the fine wine industry after an 11% fall in prices in 2024. According to experts, the demographics of fine-wine buyers is changing, with baby boomers (born between 1946 and 1964) “aging out” of the market, while younger generations are starting to engage, including through digital marketplaces which are helping to “democratize” access to the industry.
Fokina agreed that people were now willing to spend more on one good bottle of wine, rather than buying three of a lesser quality, for example. There is also a growing interest in half-bottles of wine, she said, as people don’t necessarily want to open a full bottle of wine on, for example, a Tuesday night.
Low and no-alcohol growth
The younger generations are also spearheading growth in a different area of the industry: low and no-alcohol wines.
Gen Z — often defined as those born between 1996 and the 2012 — now account for 45% of drinkers, and, in a stark contrast to their parents, they cite wellbeing as a driving force behind their behavior. According to research from Mintel, those aged 20-24 in the U.K. are half as likely to purchase alcoholic beverages than those from older generations, with one reason being the desire to prioritize lifestyle and wellness choices.
A worker is seen pouring wine into a glass during Essência do Vinho, Portugal’s premier wine event.
Sopa Images | Lightrocket | Getty Images
The ISWR noted that, as the alcohol-free drinks market undergoes a ” transformative ******* of growth,” wine is taking the lead. The organization expects the market to grow at a compound growth rate of around 12% between 2023 and 2027, compared to a growth rate of 2% for beer and cider.
Michel Doukeris, CEO of the world’s largest brewer AB InBev, struck a bullish tone on non-alcoholic drinks in a recent interview with CNBC. He highlighted the importance of social occasions to consumers and said alcohol-free options were enabling people to continue to socialize.
“Usually, they could not drink because they need to drive home. Now they can drink non-alcohol beer, socialize with friends. Still drive and go home,” he said, adding that many people were adapting their routines by turning to non-alcoholic drinks.
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Mavericks’ Kyrie Irving tears ACL, will miss rest of season: Source – The Athletic – The Athletic
Mavericks’ Kyrie Irving tears ACL, will miss rest of season: Source – The Athletic – The Athletic
Mavericks’ Kyrie Irving tears ACL, will miss rest of season: Source – The Athletic The AthleticVideo: Kyrie Irving Would’ve Been ‘*******’ If He Missed Free Throws After Knee Injury Bleacher ReportKyrie Irving instant reaction: Brutal injury is latest blow for a completely lost Mavericks franchise Yahoo SportsPart 1: More Mavs Misery With Kyrie Out for the Season, 15 NBA East Teams in 15(ish) Minutes, and Les Claypool of Primus! The RingerKyrie Irving knee injury latest blow, makes Luka Doncic trade look even worse USA TODAY
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CrowdStrike (CRWD) Q4 earnings 2024
CrowdStrike (CRWD) Q4 earnings 2024
George Kurtz, co-founder and chief executive officer of Crowdstrike Holdings Inc., during a Bloomberg Technology television interview at the RSA Conference in San Francisco, California, US, on Wednesday, April 26, 2023.
David Paul Morris | Bloomberg | Getty Images
Crowdstrike shares dropped nearly 9% in extended trading on Tuesday after the cybersecurity software provider issued disappointing earnings guidance.
Here’s what the company reported compared to LSEG estimates:
Earnings per share: $1.03. The number doesn’t to appear to be comparable to analyst estimates.
Revenue: $1.06 billion vs. $1.03 billion
Revenue increased 25% from $845.3 million a year earlier, and the company posted a net loss of $92.3 billion, or 37 cents per share. In the year ago *******, the company posted net income of $53.7 million, or 22 cents per share.
For the year, CrowdStrike said it expects earnings, excluding some items, to range between $3.33 and $3.45 per share, falling short of the $4.42 expected by analysts polled by LSEG. First-quarter earnings are expected to be between 64 cents and 66 cents per share, versus the 95-cent average estimate.
Despite the after-hours drop, CrowdStrike topped some metrics from Wall Street. The company posted $4.24 billion in annual recurring revenue, reflecting 23% growth. That topped the $4.21 billion estimate from analysts surveyed by StreetAccount and included $224 million in net annual recurring revenue.
Revenue guidance was roughly inline with estimates. CrowdStrike said it expects revenue of between $4.74 billion and $4.81 billion for the year, versus an LSEG estimate of $4.77 billion.
The earnings release comes almost eight months after a technology update from the company led to a global IT outage that grounded flights, disrupted businesses and led to class action lawsuits.
CEO George Kurtz said in the press release that artificial intelligence is becoming more important in stopping cyber attacks.
“As businesses of all sizes rapidly adopt AI, stopping the breach necessitates cybersecurity’s AI-native platform,” Kurtz said.
WATCH: U.S. facing domestic and cyber attacks
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Damage caused after fire breaks out at Brewarrina Police Station
Damage caused after fire breaks out at Brewarrina Police Station
Emergency services were called to a police station after reports of the roof catching fire, with authorities working to determine the cause of the blaze.
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University of Florida student, 21, dies Sunday following scooter ****** on campus
University of Florida student, 21, dies Sunday following scooter ****** on campus
A 21-year-old University of Florida student died Sunday following a scooter ****** near the Southwest Recreation Center on campus.
According to a Gainesville Police Department news release, at around 7:30 p.m. Sunday, a gray Mustang was headed east on Hull Road when its driver attempted to make a left turn into a parking lot. At the same time the scooter was headed west on Hull Road. Both vehicles collided, causing the scooter rider to be ejected.
The driver of the scooter, identified by UF spokesperson Cynthia Roldan as Nyla Holland, was transported to a local hospital where she died from her injuries.
GPD’s investigation is ongoing.
A photo of University of Florida student Nyla Holland and flowers sit Tuesday near the site where Holland was killed Sunday in a scooter ****** on campus.
Holland, a sophomore majoring in animal sciences, also was a recipient of a U.S. Army ROTC Scholarship commission as a U.S. Army officer and was looking to serve her country upon graduation.
Kati Migliaccio, dean of the College of Agricultural and Life Sciences, shared the news in an email to the department and recommended those who knew Holland seek out the university’s counseling services through Counseling Wellness Center or U Matter, We Care.
Migliaccio said Holland was actively involved in the Army ROTC program at UF while volunteering in sporting, recruiting and tabling events.
“She was an outgoing and driven student, who was described as ‘soft-hearted and kind,’ and ‘always having the best smile,’ ” Migliaccio wrote.
The university said it has contacted Holland’s family to provide support and assistance.
This article originally appeared on The Gainesville Sun: UF student, 21, dies Sunday following scooter ****** in Ganiesville
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Trump administration lists Boston federal buildings as possible targets for ***** – The Boston Globe
Trump administration lists Boston federal buildings as possible targets for ***** – The Boston Globe
Trump administration lists Boston federal buildings as possible targets for ***** The Boston GlobeFeds look to sell government buildings in Wilkes-Barre, Hazleton Wilkes-Barre Citizens VoiceTrump wants hundreds of federal buildings sold, even with back-to-office requirement USA TODAY
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Piastri's McLaren still the team to beat: Leclerc
Piastri's McLaren still the team to beat: Leclerc
Ferrari now have Lewis Hamilton in their driver line-up, but teammate Charles Leclerc believes McLaren should be favourites for the F1 constructors crown.
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Why a ‘challenging environment for investing’ could be ahead
Why a ‘challenging environment for investing’ could be ahead
Investors have become accustomed to strong market conditions over the past decade, largely due to quantitative easing and government support.
Macquarie Asset Management senior portfolio manager of the large-cap growth team Brad Klapmeyer joins Market Domination Overtime to offer insight into the market dynamics influenced by quantitative easing and other macroeconomic factors.
He explains how investors have been accustomed to favorable market conditions but warns that such conditions are not guaranteed. He also stresses the importance of quality investing in uncertain times.
“If you kind of rewind the tape and go back further in time, I think what you’ll realize is once we get past easy money, once we get past all this transfer of wealth from the government to the consumer and enterprises, it could be a much more challenging environment for investing,” Klapmeyer explains. “That’s just the reality.”
He adds, “We don’t just have good markets or great markets; some days we have resets and drawdowns, and those things occur,” acknowledging that even more downside is possible.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
This post was written by Josh ******
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Stock market today: Live updates
Stock market today: Live updates
Traders work on the floor of the New York Stock Exchange in the Financial District in New York City on March 4, 2025.
Timothy A. Clary | Afp | Getty Images
U.S. stock futures rose on Tuesday night after all three major averages suffered sharp losses for a second session.
Futures tied to the Dow Jones Industrial Average rose by 273 points, or 0.6%. S&P 500 futures and Nasdaq 100 futures respectively added 0.7% and 0.8%.
The blue-chip Dow tumbled 670.25 points, or 1.55%, to end Tuesday’s regular trading session. The S&P 500 dropped 1.22%, and the Nasdaq Composite shed 0.35%. The tech-heavy Nasdaq had dipped more than 2% at its lowest point and came within striking distance of correction territory, a term that refers to an index falling 10% from a recent peak.
U.S. stocks slid for their second day in a row after President Donald Trump’s new 25% tariffs on Canada and Mexico officially took effect on Tuesday. In response, Canada, Mexico and China — which was hit by an additional 10% duty — have prepared retaliatory measures.
However, Commerce Secretary Howard Lutnick said on “Fox Business” on Tuesday afternoon that the U.S. might meet Canada and Mexico somewhere “in the middle” to “work something out” on tariffs.
“The thing that we have emphasized over and over again is that Trump introduces uncertainty. We now are at a point where a single tweet or a single release of information can significantly change the interpretation of what markets look like,” said Michael Green, chief strategist at Simplify Asset Management.
Green added that a mounting trade war — exacerbated by retaliatory tariffs — could place a damper on the economy going forward, although it’s still uncertain what the long-term prospects will look like.
“You almost end up in a forced savings regime, which in turn negatively affects employment, negatively affects wealth, and that’s what markets are trying to price right now. We genuinely don’t actually know,” he told CNBC.
New economic releases on Wednesday morning that could shed light on the state of the U.S. economy include the ADP private payrolls report for February, as well as the purchasing managers’ index for last month.
Companies due to report quarterly earnings on Wednesday include Thor Industries, Abercrombie & Fitch, Campbell’s and Brown-Forman.
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GrandChase welcomes AoE mage Vice to the RPG along with a special coupon code
GrandChase welcomes AoE mage Vice to the RPG along with a special coupon code
Vice deals AoE damage with fast casting
Limited-time events abound
Grab a special code for some cool goodies
KOG Games has officially released a new hero within GrandChase, offering a new way for you to unleash death and devastation on your foes. In particular, said death and destruction will come in the form of the new mage Vice, who, being the “Sealer of Fate”, possesses the ability to look into other people’s fates – whether that’s a blessing or a curse remains to be seen, it seems.
Given how she can clear through foes with her AoE spells and her quick casting, I don’t doubt she’ll make a nice little addition to any party roster. Simply head on over to the Lobby > Menu > Option > Question Mark button and enter the code “GCMVICE” – this should set you up with Vice Growth Cube x125, Vice GrandTale Avatar Select Ticket x1, Royal Hero Summon Ticket x10, and Vice Exclusive Equipment x1.
With the latest arrival into the RPG comes limited-time events to help you maximise the Balance Attribute mage. This includes Onwards with Vice, Vice Character Story Event, and Vice Dungeon Breakthrough Event, for instance. Additionally, the Job Change Express feature now has two new heroes: Veigas(T) and Nelia(T).
If you’re wondering how Vice stacks up against the rest of the heroes in your lineup, why not take a look at our GrandChase tier list to get an idea?
In the meantime, if you’re eager to join in on all the fun, you can do so by checking it out on the App Store and on Google Play. It’s free-to-play with in-app purchases.
You can also join the community of followers on the official Facebook page to stay updated on all the latest developments, visit the official website for more info, or take a little peek at the embedded clip above to get a feel of the vibes and visuals.
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Trump wants hundreds of federal buildings sold, even with back-to-office requirement – USA TODAY
Trump wants hundreds of federal buildings sold, even with back-to-office requirement – USA TODAY
Trump wants hundreds of federal buildings sold, even with back-to-office requirement USA TODAYFeds look to sell government buildings in Wilkes-Barre, Hazleton Wilkes-Barre Citizens VoiceGSA identifies hundreds of ‘non-core’ federal properties amid Trump admin’s DOGE cuts The Hill
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#Trump #hundreds #federal #buildings #sold #backtooffice #requirement #USA #TODAY
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US sending 'tectonic changes' over security commitments
US sending 'tectonic changes' over security commitments
If the US pulls all support for Ukraine, it could send a dangerous signal about its commitment to security in the Pacific, the Ukrainian ambassador says.
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Trump Abruptly Walks Back His Directive To Fire Thousands Of Federal Employees
Trump Abruptly Walks Back His Directive To Fire Thousands Of Federal Employees
WASHINGTON — President Donald Trump on Tuesday abruptly walked back his directive to federal agencies to fire thousands of probationary employees, a stunning reversal that comes days after a federal judge ruled that the president’s ongoing mass firings of federal workers are probably ********.
In a new memo delivered to the heads of all federal agencies, the Office of Personnel Management ― the human resources agency of the federal government ― says it doesn’t actually have to comply with its previous instructions to fire all probationary employees, or people who have generally held their jobs for a year or less. Instead, per this memo, federal agencies have until Sept. 13 to come up with their own plans for reducing staff.
“OPM requests that agencies not issue any agency-specific rules until such rules have been reviewed and approved by OPM,” reads the revised guidance to federal agencies, issued by OPM acting Director Charles Ezell.
Here’s a copy of OPM’s memo:
Trump’s walk-back means the heads of federal agencies don’t have to plow ahead with more haphazard firings of essential staff, but it’s not clear what this means for the thousands of employees who have already been fired.
The administration’s new directive comes after U.S. District Judge William Alsup last week ordered OPM to inform several federal agencies that it had no authority to direct them to carry out mass firings, and that such actions were likely ********.
That ruling has already resulted in some federal agencies scrambling to rehire people they just fired. One of those agencies, the National Science Foundation, is currently trying to reinstate 84 employees it had fired as part of OPM’s directive. One of those 84 people told HuffPost on Monday that he and several of his colleagues learned they were getting their jobs back not from NSF, but from other coworkers and via the press.
“What a joke, finding out from colleagues and online – and not directly,” said this employee, who requested anonymity so he doesn’t get fired again.
Federal labor unions have filed lawsuits aimed at blocking the probationary firings and getting workers reinstated, arguing the White House had usurped Congress’ control over spending and violated rules that govern federal layoffs.
Julie Wilson, general counsel of the National Treasury Employees Union, told HuffPost on Tuesday that the probationary firings are “indisputably a reorganization attempt” and that the administration had failed to follow proper procedures, including giving workers notice.
“The government has not followed any of those [rules] in terminating employees to date, to include the mass firing of probationary employees,” Wilson said.
This is a developing story. Please check back for updates.
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Plans for 1100 Perth apartments lodged in past three months, double rate of last year
Plans for 1100 Perth apartments lodged in past three months, double rate of last year
Developer appetite appears to be returning to the ailing apartment market, with plans for more than 1000 apartments in Perth projects seeking approval over the past three months.
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Alina Habba says ousted veterans may not be “fit to have a job at this moment”
Alina Habba says ousted veterans may not be “fit to have a job at this moment”
Counselor to the president Alina Habba on Tuesday said veterans who were let go from their federal jobs “perhaps” are “not fit to have a job at this moment or are not willing to come to work.”
Habba, who served as President Trump’s personal attorney during his court cases and now works as a top adviser in the White House, made the comments during an exchange with reporters on the White House lawn Tuesday morning.
A reporter pointed out that some Democrats are bringing ousted federal workers to the president’s joint address to Congress Tuesday night, including veterans who were let go from their jobs. The reporter asked if Mr. Trump is considering what the administration can do to help those veterans salvage their lives.
“Well, as you know, we care about veterans tremendously,” Habba responded. “I mean, that’s something the president has always cared about. Anybody in blue, anybody that serves this country. But at the same time, we have taxpayer dollars, we have a fiscal responsibility to use taxpayer dollars to pay people that actually work.”
“That doesn’t mean that we forget our veterans, by any means,” Habba continued. “We are going to care for them in the right way. But perhaps they’re not fit to have a job at this moment or are not willing to come to work. And we can’t — you know, I wouldn’t take money from you and pay somebody and say, ‘Sorry, you know, they’re not gonna come to work.’ It’s just not acceptable.”
The number of veterans affected by the Trump administration’s cuts to the federal workforce isn’t yet clear. As of fiscal year 2021, about 30% of civil service employees were veterans, according to the Office of Personnel Management.
For Mr. Trump’s joint address to Congress, Democratic Rep. Eric Sorenson of Illinois invited James Diaz, a disabled veteran who was laid off in February as a fuel compliance officer at the IRS. Diaz supports many of Mr. Trump’s policies, according to Sorenson’s office, but has been disappointed in how federal workers, especially veterans, have been treated during the president’s overhaul of the government.
“I’ve given my life to this country, and to be laid off without warning or respect is disheartening,” Diaz said in a statement. “My notice of termination cited performance, and I know my performance was documented as excellent, yet we were treated like garbage. I understand the need to trim the ****, but you can’t treat people this way.”
Kathryn Watson
Kathryn Watson is a politics reporter for CBS News Digital, based in Washington, D.C.
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US commerce chief says Trump to meet Canada, Mexico in middle on tariffs
US commerce chief says Trump to meet Canada, Mexico in middle on tariffs
By Kanishka Singh and Jasper Ward
WASHINGTON (Reuters) – U.S. Commerce Secretary Howard Lutnick told Fox Business on Tuesday that President Donald Trump will reach a middle ground with Canada and Mexico on tariffs and an announcement to that effect was expected on Wednesday.
WHY IT’S IMPORTANT
Trump’s new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on ******** goods to 20%. The move has sparked trade wars that could slam economic growth and lift prices for Americans still smarting from years of high inflation.
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********* Prime Minister Justin Trudeau told Trump on Tuesday that his tariffs on ********* imports were “a very dumb thing to do” and said Ottawa was striking back immediately at its closest ally.
KEY QUOTES
“Now, both the Mexicans and the Canadians were on the phone with me all day today, trying to show that they’ll do better, and the president is listening,” Lutnick said.
“So I think he’s going to work something out with them. It’s not going to be a pause … but I think he’s going to figure out you do more, and I’ll meet you in the middle somewhere, and we’re going to probably be announcing that tomorrow,” he said.
“So somewhere in the middle will likely be the outcome.”
(Reporting by Kanishka Singh and Jasper Ward in Washington; Editing by Nia Williams)
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#commerce #chief #Trump #meet #Canada #Mexico #middle #tariffs
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