4 hours ago
CAIRO (AP) — Saudi Arabia accused Yemen's Iran-backed Houthi rebels overnight of trying to attack Islam's holiest city, prompting condemnation from countries in the region but no sign of military support. The kingdom, a key U.S. ally, declared Mecca a "red line" as it slid deeper into the new front of the Iran war.
With the world's biggest oil exporter under fire from the rebels backed by the Saudis' regional adversary, Tehran, the kingdom needs a safe outlet for its crude as well as military ******* istance. A path to either one remains unclear.
A crucial Saudi pipeline has reportedly been shut down for weeks after an attack by Iranian-backed militias in Iraq. The Yemen-based Houthis have been targeting infrastructure in the kingdom as well as its shipping on the Red Sea, where they have seized several islands on the Bab el-Mandeb Strait. And Iran is still targeting ships in the Strait of Hormuz. Oil prices remain above $100 a barrel.
The Houthis denied firing drones toward Mecca, about 1,100 kilometers (680 miles) from Yemen's border. The Saudis said they intercepted and destroyed the drone before it entered the airspace over the birthplace of the Prophet Muhammad.
The attacks are the first test of a new defense pact among Saudi Arabia, NATO member Turkey and nuclear power Pakistan. But officials from Turkey and Pakistan told The ******* ociated Press they have not received a Saudi request for support in response to the Houthis' escalation.
#arabia #saudis #turkey
With the world's biggest oil exporter under fire from the rebels backed by the Saudis' regional adversary, Tehran, the kingdom needs a safe outlet for its crude as well as military ******* istance. A path to either one remains unclear.
A crucial Saudi pipeline has reportedly been shut down for weeks after an attack by Iranian-backed militias in Iraq. The Yemen-based Houthis have been targeting infrastructure in the kingdom as well as its shipping on the Red Sea, where they have seized several islands on the Bab el-Mandeb Strait. And Iran is still targeting ships in the Strait of Hormuz. Oil prices remain above $100 a barrel.
The Houthis denied firing drones toward Mecca, about 1,100 kilometers (680 miles) from Yemen's border. The Saudis said they intercepted and destroyed the drone before it entered the airspace over the birthplace of the Prophet Muhammad.
The attacks are the first test of a new defense pact among Saudi Arabia, NATO member Turkey and nuclear power Pakistan. But officials from Turkey and Pakistan told The ******* ociated Press they have not received a Saudi request for support in response to the Houthis' escalation.
#arabia #saudis #turkey
2 days ago
Former US CIA director David Petraeus was at a Ukrainian train station at the very moment a Russian drone struck a passenger train on Sunday, shortly after a diplomatic train carrying former UK Prime Minister Boris Johnson and other foreign dignitaries had passed through.
Kyiv framed the attack as evidence of the increased threat Russia's Vladimir Putin poses to Europe, with Ukraine's rail operator saying it was "quite likely" a targeted attack.
The diplomatic train carrying Johnson, European security officials and other former leaders from Kyiv to Poland had made an early departure from Yahodyn station –– about two kilometers (1.2 miles) from the Polish border –– due to the "constant threat of Russian strikes," said Ukrainian Railways. It had already crossed into Poland by the time of the attack.
Petraeus was traveling on a separate train which was still at Yahodyn station, a Ukrainian Railways statement said. CNN has reached out to Petraeus for comment.
The rail operator said that while it was still clarifying details, it is "quite likely" that the Russian drone could have deliberately targeted the officials' train.
#ukrainian #russian
Kyiv framed the attack as evidence of the increased threat Russia's Vladimir Putin poses to Europe, with Ukraine's rail operator saying it was "quite likely" a targeted attack.
The diplomatic train carrying Johnson, European security officials and other former leaders from Kyiv to Poland had made an early departure from Yahodyn station –– about two kilometers (1.2 miles) from the Polish border –– due to the "constant threat of Russian strikes," said Ukrainian Railways. It had already crossed into Poland by the time of the attack.
Petraeus was traveling on a separate train which was still at Yahodyn station, a Ukrainian Railways statement said. CNN has reached out to Petraeus for comment.
The rail operator said that while it was still clarifying details, it is "quite likely" that the Russian drone could have deliberately targeted the officials' train.
#ukrainian #russian
2 days ago
This summer, a 28-year-old digital content marketer packed up his suitcases and duct-taped boxes and fled Russia, leaving behind his family and friends and not knowing when he'll be able to return.
"It is very sad to leave Russia," he said in the southern city of Krasnodar before heading for the border with Georgia.
He blamed "the political situation" in Russia and complications over authorities restricting internet access as his reasons for leaving. Otherwise, "I never would have left for more than several months," he told The ******* ociated Press, speaking on condition of anonymity because of security concerns.
He is one of a number of people who either left or are contemplating a move amid recent Ukrainian drone attacks inside Russia and persistent rumors of a coming mobilization of troops for the 4 1/2-year-old war.
The attacks this summer caused an unprecedented fuel crisis and dealt crippling blows to the booming e-commerce sector. Since last year, the government has cited the attacks to justify harsh restrictions on connecting to the internet.
#Russia #year #otherwise
"It is very sad to leave Russia," he said in the southern city of Krasnodar before heading for the border with Georgia.
He blamed "the political situation" in Russia and complications over authorities restricting internet access as his reasons for leaving. Otherwise, "I never would have left for more than several months," he told The ******* ociated Press, speaking on condition of anonymity because of security concerns.
He is one of a number of people who either left or are contemplating a move amid recent Ukrainian drone attacks inside Russia and persistent rumors of a coming mobilization of troops for the 4 1/2-year-old war.
The attacks this summer caused an unprecedented fuel crisis and dealt crippling blows to the booming e-commerce sector. Since last year, the government has cited the attacks to justify harsh restrictions on connecting to the internet.
#Russia #year #otherwise
2 days ago
AVAV surged 6% on delayed earnings digestion after posting record Q1 revenue of $481M and a $1.5B funded backlog up 37% year over year.
ONDS gained just 2% and RCAT slipped 0.6% while the drone ETF DRNZ rose only 0.4%, confirming today's move belongs entirely to AeroVironment.
Despite the rally, AVAV remains 36% below its year-start price, and investors should watch for follow-through sessions before sizing up exposure.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
AeroVironment (NASDAQ:AVAV) stock is up 6% to $155.22 midday Monday, extending a post-earnings recovery the rest of the drone group hasn't joined. The move follows the defense contractor's fiscal first-quarter results reported earlier this month. The gain still leaves AeroVironment shares down 36% year to date.
#avav #move
ONDS gained just 2% and RCAT slipped 0.6% while the drone ETF DRNZ rose only 0.4%, confirming today's move belongs entirely to AeroVironment.
Despite the rally, AVAV remains 36% below its year-start price, and investors should watch for follow-through sessions before sizing up exposure.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
AeroVironment (NASDAQ:AVAV) stock is up 6% to $155.22 midday Monday, extending a post-earnings recovery the rest of the drone group hasn't joined. The move follows the defense contractor's fiscal first-quarter results reported earlier this month. The gain still leaves AeroVironment shares down 36% year to date.
#avav #move
2 days ago
U.S. stocks fell Monday as calls from major AI company leaders to slow development of the technology rattled chip stocks, while surging oil prices added to pressure on equities.
The S&P 500 shed 0.7%, the Nasdaq Composite gave back 1.2%, and the Dow Jones Industrial Average finished 140 points lower, a decline of 0.3%.
Anthropic CEO Dario Amodei argued in an essay Saturday that AI companies need to reduce the pace of innovation on their most capable models due to safety risks. Amodei told CBS News on Sunday that the "toughest dilemma" posed by any such proposal involves the question of whether China would agree to do the same. OpenAI CEO Sam Altman said in a separate Saturday interview that an IPO this year would be "ill-advised," according to CNBC.
Nvidia and Broadcom each lost 3%. Advanced Micro Devices, Intel, and Marvell Technology posted steeper losses of 5%, 7%, and 8%, respectively. CoreWeave stock dropped 7%.
Oil prices added to the pressure on stocks. Brent crude futures advanced 4%, topping $108 a barrel, and West Texas Intermediate crude futures gained 3%, clearing $103 a barrel. Saudi Arabia shut down its East-West oil pipeline — a route used to bypass the Strait of Hormuz — after the pipeline sustained multiple drone attacks. The shutdown comes as instability across the Middle East continues to widen. It was the first time U.S. crude had traded above $100 a barrel since May.
#stocks #amodei #west
The S&P 500 shed 0.7%, the Nasdaq Composite gave back 1.2%, and the Dow Jones Industrial Average finished 140 points lower, a decline of 0.3%.
Anthropic CEO Dario Amodei argued in an essay Saturday that AI companies need to reduce the pace of innovation on their most capable models due to safety risks. Amodei told CBS News on Sunday that the "toughest dilemma" posed by any such proposal involves the question of whether China would agree to do the same. OpenAI CEO Sam Altman said in a separate Saturday interview that an IPO this year would be "ill-advised," according to CNBC.
Nvidia and Broadcom each lost 3%. Advanced Micro Devices, Intel, and Marvell Technology posted steeper losses of 5%, 7%, and 8%, respectively. CoreWeave stock dropped 7%.
Oil prices added to the pressure on stocks. Brent crude futures advanced 4%, topping $108 a barrel, and West Texas Intermediate crude futures gained 3%, clearing $103 a barrel. Saudi Arabia shut down its East-West oil pipeline — a route used to bypass the Strait of Hormuz — after the pipeline sustained multiple drone attacks. The shutdown comes as instability across the Middle East continues to widen. It was the first time U.S. crude had traded above $100 a barrel since May.
#stocks #amodei #west
4 days ago
AVAV stock has plunged 40% in a year despite a historic $464M Army laser contract and a record $1.5B funded backlog.
AeroVironment's LOCUST laser cuts drone intercept costs from millions to under $10 per shot, backed by 300 cartel drones already downed at the southern border.
Nawabi sold 28,265 shares at $139 while ***** ysts set a $226 average price target, leaving investors to weigh insider doubt against a 47x forward P/E.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and AeroVironment didn't make the cut. Enter your email to see the names that beat AVAV. The report is free. Enter your email and see if any of your stocks made the cut.
AeroVironment (NASDAQ:AVAV) chairman and chief executive Wahid Nawabi went on CNBC this week with an arithmetic problem for defense investors. Drones being thrown at Western militaries and border installations cost roughly $150,000 apiece, according to Nawabi, while the interceptors historically used to knock them down cost millions of dollars per shot. His pitch is that AeroVironment's LOCUST directed-energy laser, per Nawabi, brings that engagement cost down to less than $10 per shot.
#nawabi #avav #cost #locust
AeroVironment's LOCUST laser cuts drone intercept costs from millions to under $10 per shot, backed by 300 cartel drones already downed at the southern border.
Nawabi sold 28,265 shares at $139 while ***** ysts set a $226 average price target, leaving investors to weigh insider doubt against a 47x forward P/E.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and AeroVironment didn't make the cut. Enter your email to see the names that beat AVAV. The report is free. Enter your email and see if any of your stocks made the cut.
AeroVironment (NASDAQ:AVAV) chairman and chief executive Wahid Nawabi went on CNBC this week with an arithmetic problem for defense investors. Drones being thrown at Western militaries and border installations cost roughly $150,000 apiece, according to Nawabi, while the interceptors historically used to knock them down cost millions of dollars per shot. His pitch is that AeroVironment's LOCUST directed-energy laser, per Nawabi, brings that engagement cost down to less than $10 per shot.
#nawabi #avav #cost #locust
5 days ago
BRATISLAVA, Sept 10 (Reuters) - Poland averted a threat to one of its border crossings with Ukraine overnight and expects its crossings will be targeted as Moscow strikes trade routes to try to weaken Kyiv economically, Prime Minister Donald Tusk said on Thursday.
He spoke after drones hit a border crossing between Ukraine and Moldova in the southern region of Odesa, killing two people on Wednesday.
"Last night, thanks to cooperation between our services and their Ukrainian counterparts, a direct threat to one of the border crossings was averted," Tusk told a press conference in the Slovak capital Bratislava.
"As you know, Russia has already resorted to provocative attacks on border crossings - for instance, in Moldova. We expect similar actions targeting border crossings with Ukraine in other countries, including Poland."
Russia did not immediately comment on Tusk's remarks.
#ukraine #bratislava #Russia
He spoke after drones hit a border crossing between Ukraine and Moldova in the southern region of Odesa, killing two people on Wednesday.
"Last night, thanks to cooperation between our services and their Ukrainian counterparts, a direct threat to one of the border crossings was averted," Tusk told a press conference in the Slovak capital Bratislava.
"As you know, Russia has already resorted to provocative attacks on border crossings - for instance, in Moldova. We expect similar actions targeting border crossings with Ukraine in other countries, including Poland."
Russia did not immediately comment on Tusk's remarks.
#ukraine #bratislava #Russia
5 days ago
Sept 10 (Reuters) - The Israeli military destroyed Hezbollah underground infrastructure at the Ali al-Taher ridge in southern Lebanon, Prime Minister Benjamin Netanyahu and Defence Minister Israel Katz said on Thursday, adding that the operation completed the consolidation of a security zone in the area.
Israeli forces would remain in the area to prevent the Iran-aligned Hezbollah militant group from re-establishing its presence and rebuilding its capabilities, the two officials said in a joint statement.
The Ali al-Taher ridge, about 15 km (10 miles) from the Israeli border, has become one of the most contested areas of the war between Israel and Hezbollah. Hezbollah is believed to have built an underground command centre and weapons stores there, according to Lebanese security sources who spoke to Reuters in July.
Lebanon's state news agency NNA said the Israeli military carried out a powerful blast at the ridge, with tremors and the sound of the explosion felt across Nabatieh and surrounding areas.
The Israeli military said its forces had established "operational control" over the ridge, both above and below ground, before dismantling the infrastructure. The network extended for more than 2 km (1.24 miles) and contained dozens of rockets, missiles and drones, as well as anti-tank missiles, mines and explosive devices, it said.
#israeli #hezbollah #minister #infrastructure
Israeli forces would remain in the area to prevent the Iran-aligned Hezbollah militant group from re-establishing its presence and rebuilding its capabilities, the two officials said in a joint statement.
The Ali al-Taher ridge, about 15 km (10 miles) from the Israeli border, has become one of the most contested areas of the war between Israel and Hezbollah. Hezbollah is believed to have built an underground command centre and weapons stores there, according to Lebanese security sources who spoke to Reuters in July.
Lebanon's state news agency NNA said the Israeli military carried out a powerful blast at the ridge, with tremors and the sound of the explosion felt across Nabatieh and surrounding areas.
The Israeli military said its forces had established "operational control" over the ridge, both above and below ground, before dismantling the infrastructure. The network extended for more than 2 km (1.24 miles) and contained dozens of rockets, missiles and drones, as well as anti-tank missiles, mines and explosive devices, it said.
#israeli #hezbollah #minister #infrastructure
5 days ago
AeroVironment (AVAV) shares are inching lower ahead of the drone company's fiscal Q1 earnings scheduled to be released after the market closes on Sept. 9. Consensus is for AVAV to record $0.22 in earnings per share (EPS) for its first quarter, which would represent a 31.25% decline on a year-over-year basis.
Heading into the quarterly print, AeroVironment stock is down more than 60% versus its year-to-date high.
Dear Nvidia Stock Fans, Mark Your Calendars for September 10
Rocket Lab Keeps Landing Defense Deals. Here's Why **** ysts Aren't Getting More Bullish.
Why Stifel Just Revamped Its Price Target for Microsoft Stock
#year #consensus #NVIDIA
Heading into the quarterly print, AeroVironment stock is down more than 60% versus its year-to-date high.
Dear Nvidia Stock Fans, Mark Your Calendars for September 10
Rocket Lab Keeps Landing Defense Deals. Here's Why **** ysts Aren't Getting More Bullish.
Why Stifel Just Revamped Its Price Target for Microsoft Stock
#year #consensus #NVIDIA
6 days ago
CHISINAU, Moldova (AP) — A flight that was scheduled to carry Ukrainian President Volodymyr Zelenskyy from Moldova to Norway earlier this week was delayed when authorities closed Moldova's airspace because of a drone incursion, a government spokesperson said.
Moldovan police said a Russian drone crashed on Tuesday in a sunflower field on the outskirts of a village in the district of Riscani, which caused four fires to break out but no injuries.
Government spokesperson Dumitru Ciorici said on Wednesday that Moldova had closed its airspace Tuesday afternoon to protect aircraft flying over the country at the time. The closure delayed three departures, including the flight carrying Zelenskyy.
Norwegian Prime Minister Jonas Gahr Støre told broadcaster NRK that Zelenskyy's plane "was nearly hit by a drone as it took off from Moldova" on its way to Oslo for King Harald V's funeral. Zelenskyy arrived in Oslo on Tuesday and met Støre to discuss potential support for Ukraine's air defenses before attending the king's funeral on Wednesday.
Moldovan authorities confirmed the drone came down and exploded 160 kilometers (100 miles) from Chisinau International Airport. The airspace restrictions were lifted and Zelenskyy's plane took off later than scheduled.
#drone
Moldovan police said a Russian drone crashed on Tuesday in a sunflower field on the outskirts of a village in the district of Riscani, which caused four fires to break out but no injuries.
Government spokesperson Dumitru Ciorici said on Wednesday that Moldova had closed its airspace Tuesday afternoon to protect aircraft flying over the country at the time. The closure delayed three departures, including the flight carrying Zelenskyy.
Norwegian Prime Minister Jonas Gahr Støre told broadcaster NRK that Zelenskyy's plane "was nearly hit by a drone as it took off from Moldova" on its way to Oslo for King Harald V's funeral. Zelenskyy arrived in Oslo on Tuesday and met Støre to discuss potential support for Ukraine's air defenses before attending the king's funeral on Wednesday.
Moldovan authorities confirmed the drone came down and exploded 160 kilometers (100 miles) from Chisinau International Airport. The airspace restrictions were lifted and Zelenskyy's plane took off later than scheduled.
#drone
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8 days ago
By Enas Alashray, Nayera Abdallah and Jana Choukeir
CAIRO/DUBAI, Sept 8 (Reuters) - Yemen's Tehran-backed Houthis attacked four cities in the south of U.S. ally Saudi Arabia on Tuesday, wounding more than 70 people and setting oil installations ablaze in what appeared to be a major expansion of the six-month-old Middle East war.
The Houthis, who control most of Yemen's populated areas including the capital, said they had launched a broad operation deep into Saudi territory. They used drones and missiles to strike a Saudi airbase in the southern city of Khamis Mushair, and targets belonging to Saudi Arabia's state oil company in nearby Abha, Najran on the Yemeni border and Jazan, a major Red Sea port.
Saudi authorities described blazes at the sites and said women and children were among the 73 people hurt. The reports of such large numbers of wounded suggested the attacks were among the biggest carried out against Saudi Arabia since the United States and Israel launched their war against Iran in February.
Confirmed images of the aftermath of the attacks in the Saudi cities were not immediately available. The Houthis released pictures of an explosion of what they said were trucks from Saudi Arabia they had struck at the border in another area.
#saudi #major #enas
CAIRO/DUBAI, Sept 8 (Reuters) - Yemen's Tehran-backed Houthis attacked four cities in the south of U.S. ally Saudi Arabia on Tuesday, wounding more than 70 people and setting oil installations ablaze in what appeared to be a major expansion of the six-month-old Middle East war.
The Houthis, who control most of Yemen's populated areas including the capital, said they had launched a broad operation deep into Saudi territory. They used drones and missiles to strike a Saudi airbase in the southern city of Khamis Mushair, and targets belonging to Saudi Arabia's state oil company in nearby Abha, Najran on the Yemeni border and Jazan, a major Red Sea port.
Saudi authorities described blazes at the sites and said women and children were among the 73 people hurt. The reports of such large numbers of wounded suggested the attacks were among the biggest carried out against Saudi Arabia since the United States and Israel launched their war against Iran in February.
Confirmed images of the aftermath of the attacks in the Saudi cities were not immediately available. The Houthis released pictures of an explosion of what they said were trucks from Saudi Arabia they had struck at the border in another area.
#saudi #major #enas
9 days ago
By Anna Voitenko
KYIV, Sept 7 (Reuters) - The air raid alert in Kyiv was live, warning of approaching Russian jet-propelled drones, but fortunately there were no explosions nearby during the final phase of Alyona Bohatyrenko's labour.
"I gave birth during an air alert!" beamed the 32-year-old, as she lay in her hospital bed cradling her baby daughter minutes after she was born. "None of this is normal, but ... you get used to it somehow."
Doctors at Kyiv City Maternity Hospital No. 2 took a calculated risk by delivering Bohatyrenko's baby on the ward while the skies over the city were under threat.
The same was true for Yuliia Ishchuk, 26, who also gave birth there last Wednesday.
#kyiv #gave #birth #baby
KYIV, Sept 7 (Reuters) - The air raid alert in Kyiv was live, warning of approaching Russian jet-propelled drones, but fortunately there were no explosions nearby during the final phase of Alyona Bohatyrenko's labour.
"I gave birth during an air alert!" beamed the 32-year-old, as she lay in her hospital bed cradling her baby daughter minutes after she was born. "None of this is normal, but ... you get used to it somehow."
Doctors at Kyiv City Maternity Hospital No. 2 took a calculated risk by delivering Bohatyrenko's baby on the ward while the skies over the city were under threat.
The same was true for Yuliia Ishchuk, 26, who also gave birth there last Wednesday.
#kyiv #gave #birth #baby
10 days ago
CERNOBBIO, Italy, Sept 5 (Reuters) - NATO members should not tolerate deliberate actions of hybrid war, and the United States will stand by countries as they deal with these incidents, Matthew Whitaker, the U.S. ambassador to NATO, said on Saturday.
Whitaker said last month's attempted drone attack at Germany's Leipzig/Halle Airport, which Berlin has blamed on Russia, was more worrying than other recent incidents NATO members have faced due to Russian drones targeting Ukraine that strayed off course.
"Then you have what I would call the more concerning hybrid actions like we saw in Leipzig, like we have seen in Poland," Whitaker said speaking on the sidelines of a business conference in Italy.
NATO members must be prepared, vigilant and also deliver a strong message when they are challenged by these events, he said.
"If we can identify who's doing it — which Germany did — we make sure we express strongly that is unacceptable and we will not tolerate it," Whitaker said.
#whitaker #incidents
Whitaker said last month's attempted drone attack at Germany's Leipzig/Halle Airport, which Berlin has blamed on Russia, was more worrying than other recent incidents NATO members have faced due to Russian drones targeting Ukraine that strayed off course.
"Then you have what I would call the more concerning hybrid actions like we saw in Leipzig, like we have seen in Poland," Whitaker said speaking on the sidelines of a business conference in Italy.
NATO members must be prepared, vigilant and also deliver a strong message when they are challenged by these events, he said.
"If we can identify who's doing it — which Germany did — we make sure we express strongly that is unacceptable and we will not tolerate it," Whitaker said.
#whitaker #incidents
10 days ago
It's always good to look for new investment ideas. While investors can look at various sectors, I like to focus on artificial intelligence (AI) stocks. This technology is still in its early stages and can fundamentally change societies. Autonomous vehicles, humanoid robots, drones, and AI chatbots are some of the products and services that can scale rapidly as AI evolves.
That's why the two stocks I am buying in 2027 revolve around that theme. I already have positions in each of these companies and intend to build on them in 2027.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Iren (NASDAQ: IREN) is my favorite neocloud stock. Nebius (NASDAQ: NBIS) is also a strong contender and slightly ahead of Iren in revenue recognition, but I do not believe Nebius should have a market cap almost four times Iren's.
The neocloud thesis is straightforward. Hyperscalers need access to compute, and companies like Iren create the data centers that supply hyperscalers with the necessary chips, power, software, and facilities.
#flashing #hyperscalers
That's why the two stocks I am buying in 2027 revolve around that theme. I already have positions in each of these companies and intend to build on them in 2027.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Iren (NASDAQ: IREN) is my favorite neocloud stock. Nebius (NASDAQ: NBIS) is also a strong contender and slightly ahead of Iren in revenue recognition, but I do not believe Nebius should have a market cap almost four times Iren's.
The neocloud thesis is straightforward. Hyperscalers need access to compute, and companies like Iren create the data centers that supply hyperscalers with the necessary chips, power, software, and facilities.
#flashing #hyperscalers
10 days ago
Imagine a city free from rush-hour traffic -- not a city that literally doesn't have cars (like, say, Venice), but one that has aerial forms of transportation, like flying cars.
That picture in your head is something that could become real in the next decade. The term for it is "urban air mobility." It won't look like The Jetsons or Back to the Future II -- that is, present-day cars that can hover and propel. Rather, urban air mobility will give us electric vertical takeoff and landing (eVTOL) aircraft, basically a combo of drone and helicopter. They will be quieter than helicopters, with a quick velocity that can reduce an hour of traffic to a 10-minute aerial hop.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The total addressable market of urban air mobility could become a trillion-dollar market, which opens an opportunity to invest in its start-ups. One of those start-ups is Archer Aviation (NYSE: ACHR) -- and it very much has the potential to set investors up for life.
Archer is one of the frontrunners in the eVTOL market. It is currently working on certifying its flagship aircraft, Midnight, which could potentially taxi passengers within urban hubs and to and from airports.
#cars
That picture in your head is something that could become real in the next decade. The term for it is "urban air mobility." It won't look like The Jetsons or Back to the Future II -- that is, present-day cars that can hover and propel. Rather, urban air mobility will give us electric vertical takeoff and landing (eVTOL) aircraft, basically a combo of drone and helicopter. They will be quieter than helicopters, with a quick velocity that can reduce an hour of traffic to a 10-minute aerial hop.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The total addressable market of urban air mobility could become a trillion-dollar market, which opens an opportunity to invest in its start-ups. One of those start-ups is Archer Aviation (NYSE: ACHR) -- and it very much has the potential to set investors up for life.
Archer is one of the frontrunners in the eVTOL market. It is currently working on certifying its flagship aircraft, Midnight, which could potentially taxi passengers within urban hubs and to and from airports.
#cars
12 days ago
September S&P 500 E-Mini futures (ESU26) are up +0.08%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.09% this morning, pointing to a muted open on Wall Street as bond yields stabilized near multi-year highs, while investors digested the latest batch of tech earnings.
The price of WTI crude reversed earlier losses and rose more than +1% on Thursday after Tehran's claims of fresh retaliation overshadowed U.S. President Donald Trump's prediction of a short-lived operation against Iran. The state-run Islamic Republic News Agency reported on Thursday that Iran's military launched missile and drone attacks on U.S. bases in Kuwait and the UAE. Oil prices initially moved lower after President Trump told reporters that he does not expect the renewed U.S. bombing campaign against Iran to last "too long."
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential **** eX Deal Could Meaningfully Accelerate Growth for Technip Stock
#Iran
The price of WTI crude reversed earlier losses and rose more than +1% on Thursday after Tehran's claims of fresh retaliation overshadowed U.S. President Donald Trump's prediction of a short-lived operation against Iran. The state-run Islamic Republic News Agency reported on Thursday that Iran's military launched missile and drone attacks on U.S. bases in Kuwait and the UAE. Oil prices initially moved lower after President Trump told reporters that he does not expect the renewed U.S. bombing campaign against Iran to last "too long."
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential **** eX Deal Could Meaningfully Accelerate Growth for Technip Stock
#Iran
12 days ago
In 1893, a chemistry professor named Charles Coates arrived at Louisiana State University and wrote that, to his surprise, "there was practically no athletics in the student body: no football, no tennis, and only very little baseball in the spring." A broad program of sports struck him as the kind of thing a school should have, particularly as US universities were beginning to tout intercollegiate athletics as critical to a balanced higher-ed experience and another way to justify the cost of entry. But 133 years on, sports aren't merely the main attraction at LSU. They're the school's raison d'être, the blinkered obsession that consumes the university and its most prominent ambassadors.
Any doubt that the business of educating college students is just a nettlesome distraction from the business of college sports in Baton Rouge has been emphatically dispelled over the past 10 months. On the football side, the school has spent or committed roughly $162m to its last three head coaches: Ed Orgeron, the folksy national champion in 2019 who received a $17m buyout when he was fired two years later; Brian Kelly, the unloved underachiever who received a $54m buyout after being fired last October; and Lane Kiffin, the Kelly replacement whom it signed to a $91m deal a month later. Clemson, the opponent for LSU's season opener at home on Saturday, are about to find out what all that money buys.
Related: College football is booming, chaotic and more confusing than ever
In March, LSU brought back men's basketball coach Will Wade, the turnaround artist who became a national emblem of college sports' old pay-for-play hypocrisy when he was caught on an FBI wiretap discussing a recruiting offer seven years ago. An NCAA dragnet soon uncovered more alleged recruiting improprieties. After LSU fired Wade for cause, he resurfaced at McNeese State, engineering an unlikely reversal of fortune that eventually landed him a lucrative offer to coach back in the big leagues at North Carolina State. That stint lasted all of one 20-win season before the Tigers swooped in and began the process to bring Wade back – despite the fact that someone else was already coaching the team.
And then there's Kim Mulkey, grande dame of LSU sports blindness. When the national championship-winning women's basketball coach brought 17-year-old Anna Minaeva into the fold last month, more than a few eyebrows arched – and not because she plays the same position as junior center Kate Koval. It's more that Minaeva is Russian, Koval is Ukrainian and the one notable reprieve her father, a drone operator in the Ukrainian military, took from the war was to travel to the United States to watch his daughter play.
#sports #Football #fired #back
Any doubt that the business of educating college students is just a nettlesome distraction from the business of college sports in Baton Rouge has been emphatically dispelled over the past 10 months. On the football side, the school has spent or committed roughly $162m to its last three head coaches: Ed Orgeron, the folksy national champion in 2019 who received a $17m buyout when he was fired two years later; Brian Kelly, the unloved underachiever who received a $54m buyout after being fired last October; and Lane Kiffin, the Kelly replacement whom it signed to a $91m deal a month later. Clemson, the opponent for LSU's season opener at home on Saturday, are about to find out what all that money buys.
Related: College football is booming, chaotic and more confusing than ever
In March, LSU brought back men's basketball coach Will Wade, the turnaround artist who became a national emblem of college sports' old pay-for-play hypocrisy when he was caught on an FBI wiretap discussing a recruiting offer seven years ago. An NCAA dragnet soon uncovered more alleged recruiting improprieties. After LSU fired Wade for cause, he resurfaced at McNeese State, engineering an unlikely reversal of fortune that eventually landed him a lucrative offer to coach back in the big leagues at North Carolina State. That stint lasted all of one 20-win season before the Tigers swooped in and began the process to bring Wade back – despite the fact that someone else was already coaching the team.
And then there's Kim Mulkey, grande dame of LSU sports blindness. When the national championship-winning women's basketball coach brought 17-year-old Anna Minaeva into the fold last month, more than a few eyebrows arched – and not because she plays the same position as junior center Kate Koval. It's more that Minaeva is Russian, Koval is Ukrainian and the one notable reprieve her father, a drone operator in the Ukrainian military, took from the war was to travel to the United States to watch his daughter play.
#sports #Football #fired #back
12 days ago
The defense industry is undergoing a major transformation, with governments increasing spending on drones, autonomous systems, counter-UAS technologies, and precision weapons. This creates a favorable backdrop for AeroVironment (AVAV), which is positioned at the forefront of next-generation defense.
With the BlueHalo acquisition last year, AeroVironment broadened its capabilities across air, land, sea, ***** e, and cyber, giving it exposure to multiple areas of rising defense demand. This positioning has been reinforced by several recent developments.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why ***** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
#defense #aerovironment #dear #mark
With the BlueHalo acquisition last year, AeroVironment broadened its capabilities across air, land, sea, ***** e, and cyber, giving it exposure to multiple areas of rising defense demand. This positioning has been reinforced by several recent developments.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why ***** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
#defense #aerovironment #dear #mark
13 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Bitcoin (BTC-USD) opened at $77,395.89 on Wednesday, September 2, 2026, 1.5% lower than Tuesday's opening price. As of 7:13 a.m. ET this morning, the price of bitcoin moved down to $76,597.13.
Ethereum (ETH-USD) opened at $2,417.66 on Wednesday, September 2, 2026, down 2.0% from Tuesday's opening price. The price of ethereum moved even lower this morning to $2,373.76 as of 7:13 a.m. ET.
Bitcoin and ethereum prices are tumbling this morning in the wake of another round of U.S. airstrikes against Iranian targets, escalating the violent war between the two countries. Iran retaliated to the latest strikes by attacking U.S. military bases with rockets and drones.
The renewed fighting has raised oil prices (BZ=F) again, keeping inflation concerns high ahead of a critical Federal Reserve meeting later this month. This latest pressure on energy prices is increasing the probability of a rate increase, likely pushing crypto prices even lower since cryptocurrencies do not pay interest.
#opened
Bitcoin (BTC-USD) opened at $77,395.89 on Wednesday, September 2, 2026, 1.5% lower than Tuesday's opening price. As of 7:13 a.m. ET this morning, the price of bitcoin moved down to $76,597.13.
Ethereum (ETH-USD) opened at $2,417.66 on Wednesday, September 2, 2026, down 2.0% from Tuesday's opening price. The price of ethereum moved even lower this morning to $2,373.76 as of 7:13 a.m. ET.
Bitcoin and ethereum prices are tumbling this morning in the wake of another round of U.S. airstrikes against Iranian targets, escalating the violent war between the two countries. Iran retaliated to the latest strikes by attacking U.S. military bases with rockets and drones.
The renewed fighting has raised oil prices (BZ=F) again, keeping inflation concerns high ahead of a critical Federal Reserve meeting later this month. This latest pressure on energy prices is increasing the probability of a rate increase, likely pushing crypto prices even lower since cryptocurrencies do not pay interest.
#opened
13 days ago
The defense industry is undergoing a major transformation, with governments increasing spending on drones, autonomous systems, counter-UAS technologies, and precision weapons. This creates a favorable backdrop for AeroVironment (AVAV), which is positioned at the forefront of next-generation defense.
With the BlueHalo acquisition last year, AeroVironment broadened its capabilities across air, land, sea, ****** e, and cyber, giving it exposure to multiple areas of rising defense demand. This positioning has been reinforced by several recent developments.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why ****** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
#defense #Stock
With the BlueHalo acquisition last year, AeroVironment broadened its capabilities across air, land, sea, ****** e, and cyber, giving it exposure to multiple areas of rising defense demand. This positioning has been reinforced by several recent developments.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why ****** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
#defense #Stock
13 days ago
WASHINGTON (AP) — A bipartisan group of U.S. lawmakers is pressing the Army to explain why it told a unit based in Europe to stop specializing in drone warfare, an order that comes as the world's battlefields rapidly evolve and military tactics increasingly rely on uncrewed systems to fight.
The 173rd Airborne Brigade was building its own drones and practicing the kind of warfare that Ukraine has pioneered against Russia and that Iran has fought against the U.S. — warfare that has killed and wounded American troops. The brigade of 600 soldiers was set up in November to be deployed anywhere that drones were needed.
"We have deep concerns that eliminating this specialized drone unit will limit our ability to learn from allies, particularly the Ukrainian Armed Forces, and hinder our efforts to modernize drone warfare at the speed necessary to compete on the modern battlefield," the lawmakers said in a letter shared with The ****** ociated Press.
It requests a briefing from the Army to explain its decision and was sent Tuesday to departing Army Secretary Dan Driscoll and Gen. Christopher LaNeve, the Army's acting chief of staff. It was signed by Democratic Sen. Jeanne Shaheen of New Hampshire, Republican Sen. Thom Tillis of North Carolina, independent Sen. Angus King of Maine and Republican Rep. Mike Turner of Ohio.
"This specialized unit was a prudent response in a moment when the character of warfare is changing faster than a conventional formation's ability to adapt," the lawmakers say.
#lawmakers #brigade #explain
The 173rd Airborne Brigade was building its own drones and practicing the kind of warfare that Ukraine has pioneered against Russia and that Iran has fought against the U.S. — warfare that has killed and wounded American troops. The brigade of 600 soldiers was set up in November to be deployed anywhere that drones were needed.
"We have deep concerns that eliminating this specialized drone unit will limit our ability to learn from allies, particularly the Ukrainian Armed Forces, and hinder our efforts to modernize drone warfare at the speed necessary to compete on the modern battlefield," the lawmakers said in a letter shared with The ****** ociated Press.
It requests a briefing from the Army to explain its decision and was sent Tuesday to departing Army Secretary Dan Driscoll and Gen. Christopher LaNeve, the Army's acting chief of staff. It was signed by Democratic Sen. Jeanne Shaheen of New Hampshire, Republican Sen. Thom Tillis of North Carolina, independent Sen. Angus King of Maine and Republican Rep. Mike Turner of Ohio.
"This specialized unit was a prudent response in a moment when the character of warfare is changing faster than a conventional formation's ability to adapt," the lawmakers say.
#lawmakers #brigade #explain
13 days ago
Drone operators have been warned not to fly them during the Tour of Britain cycle race.
Stage three of the event will pass through East Yorkshire on Friday and a Notice to Airmen (NOTAM) order has been issued prohibiting flying over the county up to an altitude of 2,700 ft (823m).
It means that permission to fly in the area between 08:45 and 15:45 BST needs to be obtained from Humberside Police.
The force said the ban was "to maximise safety to the public and other aircraft which will be operating" including police drones and media filming from the air.
The 565-mile (910km) long race began in Lincoln on Wednesday. The second stage will run from Boston to Skegness via Horncastle, Louth and the Lincolnshire coast later.
#stage #police #tour #east
Stage three of the event will pass through East Yorkshire on Friday and a Notice to Airmen (NOTAM) order has been issued prohibiting flying over the county up to an altitude of 2,700 ft (823m).
It means that permission to fly in the area between 08:45 and 15:45 BST needs to be obtained from Humberside Police.
The force said the ban was "to maximise safety to the public and other aircraft which will be operating" including police drones and media filming from the air.
The 565-mile (910km) long race began in Lincoln on Wednesday. The second stage will run from Boston to Skegness via Horncastle, Louth and the Lincolnshire coast later.
#stage #police #tour #east
14 days ago
Russia launched a massive bombardment across Ukraine, targeting warehouses and damaging private homes, according to local officials. Ukraine's President Volodymyr Zelenskyy is vowing retaliation, warning that Russia's airspace will be swarmed with drones to ground flights and close air traffic. "Russian airspace will effectively closing," he said. NBC's Richard Engel reports for TODAY.
#airspace #president #richard #engel
#airspace #president #richard #engel
14 days ago
By Andrew Gray and Andreas Rinke
BRUSSELS/BERLIN, Sept 2 (Reuters) - European Commission chief Ursula von der Leyen vowed on Wednesday to increase pressure on Russia, including with new sanctions, after an attempted drone attack at Leipzig/Halle Airport in Germany that she said showed Moscow's growing "recklessness".
Airport workers last month found a drone laden with explosives and a detonator at the airport, an important civilian freight and NATO logistics hub in eastern Germany that is also a base for several giant Ukrainian Antonov An-124 cargo planes.
Germany blamed Moscow for the attack, characterising it as part of hybrid warfare meant to intimidate and cause divisions in countries that have rallied around Ukraine since Russia's 2022 invasion.
Russia denies involvement. It says it will respond to what its foreign ministry spokesperson called "anti-Russian action", and summoned Germany's top diplomat in Moscow.
#airport #gray #andreas
BRUSSELS/BERLIN, Sept 2 (Reuters) - European Commission chief Ursula von der Leyen vowed on Wednesday to increase pressure on Russia, including with new sanctions, after an attempted drone attack at Leipzig/Halle Airport in Germany that she said showed Moscow's growing "recklessness".
Airport workers last month found a drone laden with explosives and a detonator at the airport, an important civilian freight and NATO logistics hub in eastern Germany that is also a base for several giant Ukrainian Antonov An-124 cargo planes.
Germany blamed Moscow for the attack, characterising it as part of hybrid warfare meant to intimidate and cause divisions in countries that have rallied around Ukraine since Russia's 2022 invasion.
Russia denies involvement. It says it will respond to what its foreign ministry spokesperson called "anti-Russian action", and summoned Germany's top diplomat in Moscow.
#airport #gray #andreas
14 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Bitcoin (BTC-USD) opened at $77,395.89 on Wednesday, September 2, 2026, 1.5% lower than Tuesday's opening price. As of 7:13 a.m. ET this morning, the price of bitcoin moved down to $76,597.13.
Ethereum (ETH-USD) opened at $2,417.66 on Wednesday, September 2, 2026, down 2.0% from Tuesday's opening price. The price of ethereum moved even lower this morning to $2,373.76 as of 7:13 a.m. ET.
Bitcoin and ethereum prices are tumbling this morning in the wake of another round of U.S. airstrikes against Iranian targets, escalating the violent war between the two countries. Iran retaliated to the latest strikes by attacking U.S. military bases with rockets and drones.
The renewed fighting has raised oil prices (BZ=F) again, keeping inflation concerns high ahead of a critical Federal Reserve meeting later this month. This latest pressure on energy prices is increasing the probability of a rate increase, likely pushing crypto prices even lower since cryptocurrencies do not pay interest.
#wednesday #opened #opening
Bitcoin (BTC-USD) opened at $77,395.89 on Wednesday, September 2, 2026, 1.5% lower than Tuesday's opening price. As of 7:13 a.m. ET this morning, the price of bitcoin moved down to $76,597.13.
Ethereum (ETH-USD) opened at $2,417.66 on Wednesday, September 2, 2026, down 2.0% from Tuesday's opening price. The price of ethereum moved even lower this morning to $2,373.76 as of 7:13 a.m. ET.
Bitcoin and ethereum prices are tumbling this morning in the wake of another round of U.S. airstrikes against Iranian targets, escalating the violent war between the two countries. Iran retaliated to the latest strikes by attacking U.S. military bases with rockets and drones.
The renewed fighting has raised oil prices (BZ=F) again, keeping inflation concerns high ahead of a critical Federal Reserve meeting later this month. This latest pressure on energy prices is increasing the probability of a rate increase, likely pushing crypto prices even lower since cryptocurrencies do not pay interest.
#wednesday #opened #opening
15 days ago
Ondas (ONDS) falls 6% and Red Cat (RCAT) drops 3% with no company-specific news or filings behind either move this session.
DRNZ slips 2% while SPY falls just 0.5%, bracketing the drone complex and flagging this as a risk-appetite withdrawal, not a fundamental repricing.
The 10-year yield at 4.8% and Brent crude above $91 on U.S.-Iran tensions compress valuations hardest for pre-profit, small-float drone names.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AeroVironment didn't make the cut. Grab the names FREE today.
The drone complex is selling in a strict beta ladder this Tuesday morning, and the ordering itself is the story. The smallest and least profitable names are falling hardest, the sector fund is falling less, and the broad market is falling least of all. That pattern identifies today's action as a risk-appetite event rather than drone-specific news flow.
#risk
DRNZ slips 2% while SPY falls just 0.5%, bracketing the drone complex and flagging this as a risk-appetite withdrawal, not a fundamental repricing.
The 10-year yield at 4.8% and Brent crude above $91 on U.S.-Iran tensions compress valuations hardest for pre-profit, small-float drone names.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AeroVironment didn't make the cut. Grab the names FREE today.
The drone complex is selling in a strict beta ladder this Tuesday morning, and the ordering itself is the story. The smallest and least profitable names are falling hardest, the sector fund is falling less, and the broad market is falling least of all. That pattern identifies today's action as a risk-appetite event rather than drone-specific news flow.
#risk
15 days ago
Lantronix (NASDAQ:LTRX) closed out fiscal 2026 looking like a different company than it was a year earlier. Revenue for the fourth quarter, which ended June 30 and was reported on August 26, came in at $31.2 million, up 8% from a year ago, while non-GAAP earnings per share jumped 300% to $0.04. The company also finished the year debt-free with $60.5 million in cash. What used to be a niche embedded-connectivity supplier is now leaning hard into drones, edge AI compute, and recurring software revenue.
That shift shows up most clearly in unmanned systems. A year ago the company had roughly 10 active engagements in the category; by the end of fiscal 2026 that number had tripled to over 30. Unmanned systems revenue hit $12.6 million for the year, above the midpoint of the $10 million to $14 million range management had guided to, and embedded IoT solutions overall grew 34% on the strength of that business.
CEO Saleel Awsare pointed to the company's US Army short-range reconnaissance program win, tied to Teal Drones' Black Widow platform and its status as a Blue UAS approved supplier, as proof of its camera tuning and sensor fusion expertise. Management is layering in partnerships too, including a deal with AVT Australia to build its system-on-module tech into gimbal camera payloads and a collaboration with Swarmer that roughly quadruples onboard processing power for Group 1 drones. For fiscal 2027, management expects unmanned systems to reach 15% to 20% of total revenue, more than $25 million.
The balance sheet backs up the ambition: a $44 million capital raise during the quarter helped push cash to $60.5 million while the company paid off its remaining $8.7 million in debt. On top of that, the $11.7 million purchase of Vecima Networks' Industrial IoT business, including the Nero Global Tracking platform and its 125,000 device tags, is expected to add $5.3 million in annual revenue and push software and services to about 10% of total revenue on a pro forma basis, up from 7% to 8% previously.
Not every input is cooperating. CFO Brent Stringham flagged that memory availability has tightened and prices have risen as AI infrastructure and hyperscale data centers absorb a growing share of global supply, a dynamic he described as industry-wide rather than specific to Lantronix. The company's IoT Systems Solutions segment, which grew 16% sequentially to $15.3 million, was still recovering from federal government shutdowns that slowed procurement in the prior two quarters, a reminder of how exposed that business is to Washington's budget calendar. And despite the non-GAAP profit, Lantronix posted a GAAP net loss of $269,000 for the quarter, an improvement from the $2.6 million loss a year earlier but still red ink.
#gaap
That shift shows up most clearly in unmanned systems. A year ago the company had roughly 10 active engagements in the category; by the end of fiscal 2026 that number had tripled to over 30. Unmanned systems revenue hit $12.6 million for the year, above the midpoint of the $10 million to $14 million range management had guided to, and embedded IoT solutions overall grew 34% on the strength of that business.
CEO Saleel Awsare pointed to the company's US Army short-range reconnaissance program win, tied to Teal Drones' Black Widow platform and its status as a Blue UAS approved supplier, as proof of its camera tuning and sensor fusion expertise. Management is layering in partnerships too, including a deal with AVT Australia to build its system-on-module tech into gimbal camera payloads and a collaboration with Swarmer that roughly quadruples onboard processing power for Group 1 drones. For fiscal 2027, management expects unmanned systems to reach 15% to 20% of total revenue, more than $25 million.
The balance sheet backs up the ambition: a $44 million capital raise during the quarter helped push cash to $60.5 million while the company paid off its remaining $8.7 million in debt. On top of that, the $11.7 million purchase of Vecima Networks' Industrial IoT business, including the Nero Global Tracking platform and its 125,000 device tags, is expected to add $5.3 million in annual revenue and push software and services to about 10% of total revenue on a pro forma basis, up from 7% to 8% previously.
Not every input is cooperating. CFO Brent Stringham flagged that memory availability has tightened and prices have risen as AI infrastructure and hyperscale data centers absorb a growing share of global supply, a dynamic he described as industry-wide rather than specific to Lantronix. The company's IoT Systems Solutions segment, which grew 16% sequentially to $15.3 million, was still recovering from federal government shutdowns that slowed procurement in the prior two quarters, a reminder of how exposed that business is to Washington's budget calendar. And despite the non-GAAP profit, Lantronix posted a GAAP net loss of $269,000 for the quarter, an improvement from the $2.6 million loss a year earlier but still red ink.
#gaap
15 days ago
KYIV, Ukraine (AP) — Russia launched a large aerial **** ault in and around Ukraine's capital overnight into Tuesday morning, killing at least 11 people and wounding more than a dozen others, including three children, local authorities said.
Ukraine's air force said that Russia began the attack at 6 p.m. Monday, using ballistic, cruise and anti-radar missiles, as well as 218 drones and decoys. About a third of the drones were reportedly jet-powered.
The main targets were the Kyiv and Odesa regions, the air force said in a statement on Telegram.
The overnight strikes marked the sixth consecutive day of Russian attacks on Kyiv, following an unprecedented stretch of air raid alerts that began last week.
The warnings continued at a near-constant pace throughout the rest of the week, forming a sustained, multiday barrage that has increasingly involved the use of fast, jet-powered drones. The relentless attacks have subjected Kyiv and its residents to prolonged danger and disruption, with strikes coming during both the nighttime and daytime hours.
#strikes
Ukraine's air force said that Russia began the attack at 6 p.m. Monday, using ballistic, cruise and anti-radar missiles, as well as 218 drones and decoys. About a third of the drones were reportedly jet-powered.
The main targets were the Kyiv and Odesa regions, the air force said in a statement on Telegram.
The overnight strikes marked the sixth consecutive day of Russian attacks on Kyiv, following an unprecedented stretch of air raid alerts that began last week.
The warnings continued at a near-constant pace throughout the rest of the week, forming a sustained, multiday barrage that has increasingly involved the use of fast, jet-powered drones. The relentless attacks have subjected Kyiv and its residents to prolonged danger and disruption, with strikes coming during both the nighttime and daytime hours.
#strikes
16 days ago
The Green Bay Packers don't have a third quarterback, and that's weird. Half of the NFL kept three players at the position (four of them kept four, if you can believe it) at the cutdown deadline, when rosters shrank from 91 to 53 on Sunday. So for the Packers to have only rostered two players at the position and have no internal option to even add to the practice squad sticks out like a sore thumb, but that's the offset when the Miami Dolphins are willing to give you a draft pick for a guy you signed off the street in January.
I'm sure a lot of you are thinking, "Wait, who am I going to see under center if Jordan Love or Tyrod Taylor ever go down, God forbid?" I don't know the answer to that, but I'm going to throw a couple of options out for you today.
This is probably the least inspired of our options. The Packers signed Kyron Drones to a deal worth $5,000 guaranteed as an undrafted free agent this offseason, and he was beat out for the QB3 job (at least in the summer) by Kyle McCord (who, again, is now a Dolphin). Drones was outright waived by the team — with the Packers not even needing to fill his roster spot for several days — after a four-dropback performance against the Pittsburgh Steelers in the preseason opener. Drones was sacked on three of those plays, including a screen. It seemed like they were just over the experience.
Alright, here's where I did a lot of legwork. We're going to have to use different fonts to mean different things, because I want you to be able to take one glance and understand the full landscape at the position.
Players whose names are bolded were cut from teams that kept three or more quarterbacks. These are the players who are most likely to be available for the Packers, as these teams are less likely to need a practice squad arm for the scout team.
#packers #players #even
I'm sure a lot of you are thinking, "Wait, who am I going to see under center if Jordan Love or Tyrod Taylor ever go down, God forbid?" I don't know the answer to that, but I'm going to throw a couple of options out for you today.
This is probably the least inspired of our options. The Packers signed Kyron Drones to a deal worth $5,000 guaranteed as an undrafted free agent this offseason, and he was beat out for the QB3 job (at least in the summer) by Kyle McCord (who, again, is now a Dolphin). Drones was outright waived by the team — with the Packers not even needing to fill his roster spot for several days — after a four-dropback performance against the Pittsburgh Steelers in the preseason opener. Drones was sacked on three of those plays, including a screen. It seemed like they were just over the experience.
Alright, here's where I did a lot of legwork. We're going to have to use different fonts to mean different things, because I want you to be able to take one glance and understand the full landscape at the position.
Players whose names are bolded were cut from teams that kept three or more quarterbacks. These are the players who are most likely to be available for the Packers, as these teams are less likely to need a practice squad arm for the scout team.
#packers #players #even
16 days ago
Questions over whether the Russia-Ukraine war is entering a new phase are mounting as Kyiv endures repeated drone attacks and near-constant air raid alerts, including growing waves during daylight hours — an expansion beyond the nighttime barrages that have become grimly familiar to residents of the Ukrainian capital.
Ukrainian President Volodymyr Zelenskyy said Russia launched nearly 1,500 drones over four days, more than half of them jet-powered, accusing Moscow of attempting to wear down Ukraine and its population. The attacks have repeatedly interrupted Kyiv's metro system and daily commutes, Reuters reported Aug. 31, as residents are forced to seek shelter during daytime air raid alerts.
As Ukrainians seek some semblance of normalcy at the end of the summer and prepare for the start of the school year, the relentless attacks are again sending already exhausted Kyiv residents underground.
Russia Unleashes Nearly 600 Missiles And Drones On Kyiv In Deadliest Strike Since May
People react as they attend the funeral of local villages' community head Taras Didych, who was among 38 people killed in a Russian drone strike on the village of Myla on August 28, amid Russia's attack on Ukraine, in the village of Dmytrivka, Kyiv region, Ukraine August 31, 2026.
#ukraine #residents #ukrainian #august
Ukrainian President Volodymyr Zelenskyy said Russia launched nearly 1,500 drones over four days, more than half of them jet-powered, accusing Moscow of attempting to wear down Ukraine and its population. The attacks have repeatedly interrupted Kyiv's metro system and daily commutes, Reuters reported Aug. 31, as residents are forced to seek shelter during daytime air raid alerts.
As Ukrainians seek some semblance of normalcy at the end of the summer and prepare for the start of the school year, the relentless attacks are again sending already exhausted Kyiv residents underground.
Russia Unleashes Nearly 600 Missiles And Drones On Kyiv In Deadliest Strike Since May
People react as they attend the funeral of local villages' community head Taras Didych, who was among 38 people killed in a Russian drone strike on the village of Myla on August 28, amid Russia's attack on Ukraine, in the village of Dmytrivka, Kyiv region, Ukraine August 31, 2026.
#ukraine #residents #ukrainian #august
