Musk's xAI Sues Colorado Over AI Law, Saying It Forces Developers To Back State's Views

Battered Budget Airlines Ask White House For $2.5 Billion Lifeline Budget airlines have requested a $2.5 billion relief package from the Trump administration following a meeting with Transportation Secretary Sean Duffy early last week. This comes as elevated jet fuel prices squeeze operations, and after President Trump confirmed late last week that a possible U.S. takeover of bankrupt Spirit Airlines is under consideration. The Wall Street Journal reports that a group of budget airlines, including Frontier and Avelo, has requested federal support in exchange for convertible equity stakes in the airlines....

US New Home Sales Tumbled In April As Prices Soared With Case-Shiller reporting existing home price declines in half of America's largest cities, and after two straight months of rip-roaring demand, NAR reports that New Home Sales in April tumbled 6.2% MoM (almost twice as bad as the 3.2% MoM decline expected). March's 7.4% MoM spike was revised down bigly to just +3.4%, all of which left new home sales down  Source: Bloomberg Overall, new home sales have really gone nowhere for four years... It seems lower mortgage rates did nothing to help new...

India Unveils AI Kamikaze Drone As Global Powers Rush To Acquire Cheap Loitering Munitions The most visible weapon in the wars across Eurasia, from Ukraine to the Middle East, is the low-cost one-way attack drone. It has forever changed the economics of war and how war is fought on the modern battlefield by enabling swarm strikes at a fraction of the cost of traditional air-delivered munitions. Ukraine and Russia both proved this, and the last five weeks of the U.S.-Iran conflict have really confirmed it. In many ways, the war in...