Oh My F**king God, They're Doing It Again

Ukrainian Sea Drone Destroys Russian Ship Vital To CPC Oil Repairs Tit-for-tat attacks on commercial vessels in the Black Sea as well as Sea of Azov have been raging all summer, but Ukrainian forces are now strategically going after smaller ships which yet play an outsized role in repair and logistics related to damaged Russian and central Asian oil infrastructure. "Ukraine attacked a small service ship involved in planned repair works at the key CPC oil terminal in the Black Sea, a person with knowledge of the matter said," Bloomberg reports...

SpaceX Meltdown Vaporizes $1 Trillion In Market Cap As Stock, Bonds Crater SpaceX's Tuesday rebound was short-lived, with shares sliding to a new low of $110.85 late Thursday morning and extending their brutal post-IPO selloff. At a current market capitalization of roughly $1.479 trillion, SpaceX has erased about $1.16 trillion, or 44%, since its valuation peaked at $2.639 trillion on June 23. Shares are also trading well below the company's $135 IPO price, underscoring how quickly investor enthusiasm has evaporated. The chart shows  a selloff across SpaceX's capital structure: Black line, right axis: SpaceX...

A "Black Mark" On Tim Cook's Resume: How Apple Missed The AI Revolution Apple's AI problems didn't become impossible to ignore because competitors released better chatbots. They became impossible to ignore when Apple itself realized it had fallen behind, according to a new feature by Bloomberg.  By early 2025, senior leaders inside the company were holding emergency-level discussions about the state of Apple's AI efforts. What was supposed to be a major leap forward—Apple Intelligence and a next-generation Siri—had instead exposed deeper weaknesses. While Google, OpenAI, Microsoft, Meta, and Anthropic were...