Dell missed Wall Street expectations for third-quarter revenue on Tuesday, weighed down by weaker demand for its traditional PCs and stiff competition from rival server makers, sending its shares down more than 10% in extended trading. The company reported revenue of $24.37 billion in the quarter, compared with the average analyst estimate of $24.67 billion, according to data compiled by LSEG. Despite booming demand for Dell's AI-optimized servers used to handle large AI workloads, its traditional PC segment has been facing stiff competition from rivals and weaker consumer spending amid an uncertain economy. Revenue from Dell's client solutions group, which houses its PC business, came in at $12.13 billion, below expectations of $12.43 billion. Rival PC maker, HP also provided a weak first-quarter profit forecast, and electronics retailer Best Buy trimmed its annual forecasts as firms grapple with weaker consumer electronics demand. 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Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories As Dell's server revenue grows, investors are keenly eyeing the company's costs after it flagged in May that higher expenses to build AI-heavy servers and competitive pricing would hurt its margins. The company is also betting on new AI PCs to boost its traditional computer business. Revenue from Dell's infrastructure solutions group, which includes its AI servers, rose 34% to $11.37 billion, compared with estimates of $11.35 billion. The company's servers and networking revenue for the third quarter jumped 58% to $7.36 billion, but missed estimates of $7.64 billion.49ers rule out Brock Purdy and Nick Bosa; QB Brandon Allen to start at Green BayWASHINGTON — The Biden administration has responded to reported drone sightings over New Jersey and other states with assurances that there’s no evidence of “malicious intent,” with a National Security Council official signaling that federal entities think the brouhaha has been much ado about nothing — even as top Democrats demand answers. Thousands of tips about mysterious flying objects over the Garden State and neighboring states had produced about 100 credible leads as of Saturday, administration officials told reporters on a briefing call. The officials repeatedly stressed that multiple federal departments and agencies had not detected any evidence of criminal intent, public safety risks or national security implications. In fact, the NSC official poured cold water on many of the phoned-in tips and myriad social media anecdotes of drones as large as school buses buzzing around and hovering over New Jersey residential areas. “We have not been able to corroborate the reported visual sightings using sophisticated electronic detection technologies provided by federal authorities. And, upon review of available imagery, it appears that many of the reported sightings are actually manned aircraft, operating lawfully,” the NSC official told Roll Call. “At this time, we do not have indication based on the investigation thus far that these reported sightings pose a national security or public safety threat or have a foreign nexus,” the official said via email. “The Department of Homeland Security and the FBI are actively investigating these sightings and working closely with state and local law enforcement to provide resources, using numerous detection methods, to better understand their origin and intentions.” The official referred to “many” of the sightings as manned aircraft mistaken for remotely piloted drones. But that would suggest that drones could be included among the remaining sightings. The Biden administration has yet to explain why those aircraft are in the air and who is operating them. Administration officials have also not yet explained how they have ruled out possible criminal intent, public safety risks and national security implications when they remain stumped about the operators of the aircraft. Asked to explain the metric used to draw such conclusions, the NSC official did not respond to a follow-up email. “To date, we have no intelligence or observations that would indicate that they were aligned with a foreign actor or that they had malicious intent,” a Defense Department official told reporters on the weekend call. “But I’ve just got to simply tell you, we don’t know. We have not been able to locate or identify the operators or the points of origin.” Meanwhile, a senior administration official echoed the NSC official in suggesting that citizen-tipsters have been mistaken about what they are seeing. “At this point, we have not identified any basis for believing that ... these drones, that there’s any criminal activity involved, that there’s any national security threat, that there’s any particular public safety threat, or that there’s a malicious foreign actor involved in these drones,” the senior administration official said. “That said, as you’ve heard from all of the experts on this call, all of the departments and agencies are taking this incredibly seriously and investigating every possible lead and working to try to understand what these sightings are,” the official added. The situation has put the Biden administration in yet another tricky political spot. The New York-New Jersey metro area is heavily represented by Democrats, who have been hearing from concerned, panicked and angry constituents about the mysterious activities they say are happening above them. Social media is rife with conspiracy theories, some accusing the administration of withholding information about exactly what is happening. Among the region’s Democrats pressing the administration for more information is Senate Majority Leader Charles E. Schumer of New York. In a Sunday letter to Homeland Security Secretary Alejandro Mayorkas, Schumer pushed for the department to deploy more “drone-specific radar” systems, infrared cameras and other detection equipment. “In addition, these sightings have exposed the federal government’s limitations when it comes to the authorities for protecting against the illicit use of UAS,” Schumer wrote, using an acronym for unmanned aircraft systems. “State and local law enforcement agencies currently lack the explicit authorities to assist DHS in deploying technology to detect drone signals. These local agencies are responsible for keeping our citizens safe at the local level, and they must be part of a coordinated response.” Trump weighs in The confusing situation has again made clear the differing approaches of President Joe Biden and President-elect Donald Trump. Biden administration officials have repeatedly cited analyses and reviews of flight data and other information. Throughout his term, the president has leaned on experts and by-the-book government processes. Trump, who often ridicules experts as know-nothing, is more inclined to shoot from the hip. “Mystery Drone sightings all over the Country. Can this really be happening without our government’s knowledge,” Trump wrote Friday on social media . “I don’t think so! Let the public know, and now. Otherwise, shoot them down!!!” At a press conference Monday in Florida, Trump contended that “the government knows what is happening” and “our president knows.” “Look, our military knows where they took off from. If it’s a garage, they can go right into that garage. They know where it came from and where it went,” he said. “And, for some reason, they don’t want to comment. And I think they’d be better off saying what it is.” Trump said he doubts the drones are being operated by a foreign government, but declined to disclose whether he had received an intelligence briefing on the situation. Presidents-elect have long been able to access the same intelligence as sitting commanders in chief to ensure a smooth transition between leaders. The drone drama has created rare agreement between Trump and some congressional Democrats. “We should be doing some very smart intelligence analysis and take them out of the skies, especially if they’re flying over airports or military bases,” Sen. Richard J. Blumenthal, D-Conn., a member of the Homeland Security and Governmental Affairs Committee, told Fox News last week. “They should be shot down, if necessary, because they’re flying over sensitive areas.” ©2024 CQ-Roll Call, Inc., All Rights Reserved. Visit cqrollcall.com. Distributed by Tribune Content Agency, LLC.
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NOVONIX Offered Conditional Commitment for US$754 Million Loan from the U.S. Department of Energy for New Synthetic Graphite Manufacturing Plant in TennesseeFormer New York Gov. Andrew Cuomo is solidifying his standing as a pro-Israel politician with the New York City mayoral race just months away. Cuomo joined Israeli Prime Minister Benjamin Netanyahu's legal team, which is fighting war crime charges from the International Criminal Court, and recently called out the New York Times for its coverage of the murder of a Dubai rabbi. The tactics could be a plan from Cuomo to garner support from the Jewish and pro-Israel community in New York City in a bid to lead the Big Apple, though he'd have to fight through a crowded Democratic field. When asked about Cuomo's plans, a spokesperson didn't deny he would run for mayor and touted his past accomplishments. “This is all premature," Cuomo spokesman Rich Azzopardi told the Washington Examiner. "But New Yorkers know it was Governor Cuomo who raised wages for hundreds of thousands of workers, codified Roe v. Wade into state law before the Supreme Court overturned it, put the strongest gun protections, and paid family leave laws in the nation on the books and built projects previously declared impossible, such as the Moynihan train station, the new LaGuardia and JFK airport, the Second Avenue subway and the Kosciuszko Bridge, all while cutting taxes and reining in spending.” Cuomo spoke at an event for the National Committee for the Advancement of Jewish Education on Sunday. "This is the moment that counts," he said. "This is the moment that is going to be in the history books. ... This is the moment that true friends stand up, shoulder to shoulder, and fight for the state of Israel." According to Jewish Insider, some Jewish leaders and political observers believe Cuomo will run for mayor. Leon Goldberg, an Orthodox business leader in Brooklyn and an ally of Mayor Eric Adams, told the outlet he would “seriously” consider looking at Cuomo if he decided to enter the race. “He’s probably the only normal person there,” he said. Past speculation has been that Cuomo would only enter the race if Adams, who Cuomo considers a friend, declines to run for reelection or resigns under the weight of his corruption charges. However, it's possible that time is running out for Cuomo. The Democratic primary is held in June, about six months from now, and the field of Democrats aiming for Adams's office continues to grow. At least six Democrats, including city comptroller Brad Lander and former city comptroller Scott Stringer, will run in June's primary. Adams has already said he will run for reelection, and his corruption case appears to be heading in the right direction with the election of Donald Trump. Adams has been more friendly to Trump than most Democrats, and Trump appointed a new Southern District of New York attorney. But if Cuomo runs along with Adams, they could split the moderate and pro-Israel vote, allowing a challenger like progressive Lander to triumph, an outcome neither likely wants. A rightward shift in the city, indicated by larger vote shares for Trump in the presidential election, is good for Adams and Cuomo. But both have sustained enough controversy to damage their respective hopes. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER Whether that's enough for voters to shy away from them is another story, but Cuomo would be a major contender if he decided to enter the mayoral race. His name recognition alone dwarfs most contenders outside of Adams. Cuomo's entry into the race could reflect a larger shift in New York City politics. Rep.-elect George Latimer defeated Rep. Jamaal Bowman (D-NY) in New York's 16th congressional District, riding his pro-Israel sentiment to a decisive victory over the skeptical-on-Israel Bowman.
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The latest development came hours after thousands of his supporters, defying government warnings, broke through a barrier of shipping containers blocking off Islamabad and entered a high-security zone, where they clashed with security forces, facing tear gas shelling, mass detentions and gunfire. Tension has been high in Islamabad since Sunday when supporters of the former PM began a “long march” from the restive north-west to demand his release. Khan has been in a prison for more than a year and faces more than 150 criminal cases that his party says are politically motivated. Khan’s wife, Bushra Bibi, led the protest, but she fled as police pushed back against demonstrators. Hundreds of Khan’s supporters are being arrested in the ongoing night-time operation. Interior minister Mohsin Naqvi told reporters that the Red Zone, which houses government buildings and embassies, and the surrounding areas have been cleared. Leaders from Khan’s Pakistan Tehreek-e-Insaf party, or PTI, have also fled the protest site. Earlier on Tuesday, Pakistan’s army took control of D-Chowk, a large square in the Red Zone, where visiting Belarusian President Alexander Lukashenko is staying. Since Monday, Mr Naqvi had threatened that security forces would use live fire if protesters fired weapons at them. “We have now authorised the police to respond as necessary,” Mr Naqvi said Tuesday while visiting the square. Before the operation began, protester Shahzor Ali said people had taken to the streets because Khan had called for them. “We will stay here until Khan joins us. He will decide what to do next,” Mr Ali said. Protester Fareeda Bibi, who is not related to Khan’s wife, said people have suffered greatly for the last two years. “We have really suffered for the last two years, whether it is economically, politically or socially. We have been ruined. I have not seen such a Pakistan in my life,” she said. Authorities have struggled to contain the protest-related violence. Six people, including four members of the security services, were killed when a vehicle rammed them on a street overnight into Tuesday. A police officer died in a separate incident. Dozens of Khan supporters beat a videographer covering the protest for the Associated Press and took his camera. He sustained head injuries and was treated in hospital. By Tuesday afternoon, fresh waves of protesters made their way unopposed to their final destination in the Red Zone. Mr Naqvi said Khan’s party had rejected a government offer to rally on the outskirts of the city. Information minister Atta Tarar warned there would be a severe government reaction to the violence. The government says only the courts can order Khan’s release. He was ousted in 2022 through a no-confidence vote in Parliament. In a bid to foil the unrest, police have arrested more than 4,000 Khan supporters since Friday and suspended mobile and internet services in some parts of the country. Messaging platforms were also experiencing severe disruption in the capital. Khan’s party relies heavily on social media and uses messaging platforms such as WhatsApp to share information, including details of events. The X platform, which is banned in Pakistan, is no longer accessible, even with a VPN. Last Thursday, a court prohibited rallies in the capital and Mr Naqvi said anyone violating the ban would be arrested. Travel between Islamabad and other cities has become nearly impossible because of shipping containers blocking the roads. All education institutions remain closed.Terminally Ill Borderlands Fan Gets Early Access to Borderlands 4: It Was Amazing