All posts tagged: declines

Trump Media posts 8 million second-quarter loss as crypto declines

Trump Media posts $238 million second-quarter loss as crypto declines

Published by Sam Flores

Trump Media & Technology Group on Monday reported a net loss of more than $238 million for its fiscal second quarter on revenue of less than $2 million. That loss, which dwarfed the almost $20 million it lost in the same period last year, was primarily due to declines in non-cash assets, including more than $190 million in losses from “digital assets, digital assets pledged, and equity securities,” the company said in a press release. The company’s $1.7 million in quarterly revenue mostly came through ad services on Truth Social, TMTG’s flagship social media product, which is used by President Donald Trump. That revenue marked an 89% increase from the year-ago quarter. The New York Times reported earlier Monday that Truth Social’s traffic — which already paled in comparison to similar platforms, such as Elon Musk’s X — fell sharply this summer. Read more CNBC politics and policy coverage TMTG’s quarterly operating expenses of more than $165 million were roughly 275% higher year over year. “Our operating expenses are largely impacted by the price volatility …

Nigel Farages Popularity Declines Over Financial Controversy

Nigel Farages Popularity Declines Over Financial Controversy

Published by Sam Flores

Nigel Farage’s popularity has fallen to an all-time low amid the ongoing controversy over his personal finances, new figures have revealed. Polling by YouGov showed that just 22% of British voters now have a favourable opinion of the Reform UK leader. That is the lowest figure recorded by the pollsters’ approval rating tracker since 2020. At the same time, more than two-thirds of the country (68%) now view Farage negatively, including 56% who see him very unfavourably. His net approval rating of minus 46, which is the joint-lowest ever recorded for him by YouGov is even worse than the minus 41 recorded for Boris Johnson after partygate and Keir Starmer’s minus 45 when he resigned as PM. Farage has been under pressure since The Guardian revealed in April that he did not declare a £5 million gift he received from Thailand-based crypto billionaire Christopher Harborne shortly before he ran to be MP for Clacton. The Reform leader has insisted he has not broken any rules and is the victim of a “witch-hunt”, but is being …

Hungarian Chess Legend Judit Polgar Declines Nomination for President

Hungarian Chess Legend Judit Polgar Declines Nomination for President

Published by Sam Flores

BUDAPEST, July 20 (Reuters) – Hungarian chess legend Judit ⁠Polgar ⁠said on Monday that ⁠she will not accept the nomination for president, only a ​day after Prime Minister Peter Magyar said he would ask her to take up ‌the largely ceremonial role. Electing a ‌new president and drafting a new constitution are key elements of ⁠Magyar’s plan ⁠to dismantle former premier Viktor Orban’s bastions of power, for which ​Magyar says he received a strong mandate from voters. Magyar ended the 16-year rule of Orban’s nationalist Fidesz party with a landslide election victory in April. On Saturday, Hungary’s former ​President Tamas Sulyok signed a constitutional amendment passed by Magyar’s ruling Tisza ⁠party ⁠that ended Sulyok’s term ⁠as head ​of state. Magyar said on Sunday that he would ask Polgar, widely regarded as ​the greatest ever female ⁠chess player, to take up the role of president until a new constitution is passed. Polgar said in a Facebook post that she was grateful to be asked. “However, I do not feel enough strength within me to take on …

Big 12 Commissioner Declines to Address Sorsby Gambling Saga and Describes League as `16 Strong’

Big 12 Commissioner Declines to Address Sorsby Gambling Saga and Describes League as `16 Strong’

Published by Sam Flores

FRISCO, Texas (AP) — Big 12 Commissioner Brett Yormark wanted to talk Tuesday about the league’s upcoming season, not the Brendan Sorsby gambling saga at Texas Tech that led to a lot of legal wrangling and a since-dismissed court order that had sent shockwaves through college sports. Even though that was the first thing Yormark was asked about after his opening remarks at Big 12 football media days. “I appreciate the question. I appreciate other questions that are probably going to come forth today. Today is not the time to address that issue,” Yormark said. “Today is about celebrating the upcoming football season and celebrating our 16 schools.” Yormark later spoke about the conference “moving ahead as 16 strong.” That would include Texas Tech, which the league and its other 15 members were discussing potentially punishing if Sorsby had indeed played this fall for the Red Raiders after the quarterback transferred from Cincinnati, another Big 12 school where he played the past two seasons. Sorsby won’t play even after being granted a temporary injunction against …

UK declines immediate action on PFAS regulation despite calls

UK declines immediate action on PFAS regulation despite calls

Published by skeptic

The UK Government has responded to a parliamentary report on PFAS regulation, declining to introduce rapid new restrictions on forever chemicals despite recommendations to tighten controls on their use. The response follows an April report from the Environmental Audit Committee, which urged ministers to limit PFAS to essential applications and quickly phase the chemicals out of non-essential consumer products, including food packaging, non-stick cookware and school uniforms. The government has not committed to adopting those recommendations. Instead, ministers say they will continue with measures already outlined in the UK’s PFAS Plan published earlier this year while monitoring regulatory developments in the European Union and assessing how essential-use policies have been implemented in other countries. What are PFAS? Per- and polyfluoroalkyl substances (PFAS) are a large group of synthetic chemicals designed to resist heat, water, grease and stains. They have been widely used for decades in products ranging from non-stick cookware and waterproof clothing to firefighting foams, food packaging and industrial manufacturing. PFAS are commonly referred to as forever chemicals because they break down extremely slowly …

Safety Rules Cause Claude Fable 5 Benchmark Declines

Safety Rules Cause Claude Fable 5 Benchmark Declines

Published by skeptic

Fable 5, Anthropic’s advanced AI model, has returned to the market following a temporary suspension due to U.S. export restrictions. With its reintroduction, the model now incorporates stricter safety measures, designed to prevent misuse in areas like coding and cybersecurity. These updates have sparked debate within the AI community, with some users noting a slight decline in performance on tasks such as observability, as highlighted in recent Apex Sway benchmarks. World of AI explores how these safeguards, including fallback mechanisms to Claude Opus 4.8, aim to balance ethical compliance with usability, while also introducing new challenges for users navigating complex workflows. In this overview, you’ll gain insight into how the updated safeguards impact specific tasks and workflows, including the increased importance of structured prompting techniques. Discover how the credit-based usage system Anthropic plans to implement could reshape access to Fable 5 and explore the broader implications of these changes for developers and AI enthusiasts alike. Whether you’re adapting to the model’s limitations or using its strengths, understanding these updates is key to optimizing your experience …

Supreme Court declines to hear Alan Dershowitz appeal in defamation case

Supreme Court declines to hear Alan Dershowitz appeal in defamation case

Published by Sam Flores

WASHINGTON — The Supreme Court refused to hear famed law professor and attorney Alan Dershowitz’s defamation claim against CNN on Monday, effectively upholding long-standing protections for the news media when reporting on public figures. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Having lost in lower courts, Dershowitz had asked the justices to revisit the landmark 1964 New York Times v. Sullivan ruling, which said there must be evidence of “actual malice” on a news organization’s part in order for a public figure to pursue a defamation claim. The court declined to hear the case, a decision with which conservative justices Clarence Thomas and Neil Gorsuch disagreed. Thomas wrote in a brief dissent that the standard to prove an actual malice claim is too “exacting.” “The ‘actual malice’ standard for public figures ‘bears ‘no relation to the text, history, or structure of the Constitution,’” Thomas wrote. A spokesperson for CNN declined to comment. Dershowitz told NBC News in an email that the only issue was “whether we …

BBB refers Kalshi in advertising inquiry after company declines review participation

BBB refers Kalshi in advertising inquiry after company declines review participation

Published by skeptic

BBB National Programs said it will refer Kalshi Inc. to regulatory authorities after the prediction-market company declined to take part in an advertising inquiry opened through the organization’s marketplace monitoring program. The referral will be sent to appropriate regulators, including relevant state attorneys general, according to an announcement released Monday (June 8). The organization said the matter could be reviewed for potential enforcement action. The National Advertising Division will refer Kalshi to the appropriate regulatory authorities for failure to participate in its inquiry. Read the case decision summary: https://t.co/vIRCDNsd8J — BBB National Programs (@BBB_NtlPrograms) June 8, 2026 Kalshi operates an online prediction market that allows users to trade on the outcomes of future events. Markets on the platform cover topics ranging from politics and economics to entertainment, weather, and other real-world developments. Advertising inquiry focused on Kalshi influencer disclosure practices The National Advertising Division said its review centered on whether influencers and affiliates promoting Kalshi on social media properly disclosed material connections to the company. The inquiry also examined whether Kalshi had taken adequate steps …