Browsed by
Month: August 2025

Palantir books its first $1 billion in quarterly sales and dodges DOGE axe

Palantir books its first $1 billion in quarterly sales and dodges DOGE axe

NEW YORK (AP) — Shares of Palantir Technologies sailed past previous record highs Tuesday after booking its first $1 billion sales quarter and raising its performance expectations for the year.

The stock rose above $170 Tuesday after breaking previous records four times this year in the global artificial intelligence race. The previous closing high for the stock was set this week at $160.66.

Since going public in 2020 when it posted a $1.17 billion annual loss, the artificial intelligence software company has swung swiftly to a profit and sales are booming. Profit rose 33% to $327 million in the second quarter.

Its $1 billion quarterly revenue haul was fueled by a 53% spike in government sales, despite massive spending cuts under President Donald Trump and his Department of Government Efficiency, once led by the world’s richest man Elon Musk.

“DOGE has had zero negative impact on Palantir’s U.S. government business, which achieved its fastest growth rate since the second quarter of 2021,” wrote William Blair analysts Louie DiPalma and Bryce Sandberg. “Palantir is clearly benefiting from AI industry momentum across its government and commercial customer bases.” read more

AJ Wolfe book dives into mouse-driven mindset of Disney Adults

AJ Wolfe book dives into mouse-driven mindset of Disney Adults

You’ve met folks who are just a little “too Disney.” Maybe they’re hyper-focused on Figment popcorn buckets, incensed about a beloved theme-park ride closing or using their retirement fund to finance a week in Orlando.

They could be called overenthusiastic enthusiasts. These days, the more common term is “Disney Adult.”

Let’s not judge. Walt Disney World puts food on tables, and its fandom isn’t that far astray from the ones dedicated to college football, “Real Housewives,” Taylor Swift and the ilk.

Or is it?

The new book “Disney Adults: Exploring (and Falling in Love With) a Magical Subculture,” written by AJ Wolfe, delves into why Disneymania is a thing – and why people are mad about it.

It’s a deep dive into the phenomenon and features expert interviews with professors, former Imagineers, journalists and self-identifying Disney Adults, not to mention surveys and the monitoring the demographic makeup of theme-park queues.

For so many of us who are Disney Adults, community is hard to come by in our day-to-day lives. A lot of us are ‘other,’ says author AJ Wolfe, who runs Disney fan sites including Disney Food Blog and AllEars. (Courtesy AJ Wolfe)

The subject begs for the insider knowledge that Wolfe amassed as a Disney fan, once $17,000 in credit card debt that funded WDW excursion trips. But Wolfe is now the owner of Cambrick Yard Media, which operates fan sites including Disney Food Blog and AllEars. read more

Wall Street holds steadier following a whipsaw couple of days

Wall Street holds steadier following a whipsaw couple of days

By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — Wall Street is holding steadier on Tuesday following its see-saw ride that bracketed the weekend.

The S&P 500 was inching up by 0.1% in early trading, coming off its best day since May, which followed its worst day since May. The Dow Jones Industrial Average was up 77 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.1% higher.

Related Articles

Worries are still high that President Donald Trump’s tariffs may be hurting the economy. But increased hopes for cuts to interest rates by the Federal Reserve later this year, along with a stream of stronger-than-expected profit reports from U.S. companies, are helping to support the market. read more

Sales tax holidays can save you money on back-to-school shopping — or on new clothes or a laptop for yourself

Sales tax holidays can save you money on back-to-school shopping — or on new clothes or a laptop for yourself

By Allison Martin, Bankrate.com

Summer is winding down, and it’s almost time for back-to-school shopping. If your state offers a sales tax holiday — fewer than 20 states do this year — you might be able to give your wallet a bit of a break.

Related Articles

And that’s true whether or not you have children: These sales-tax holidays can be a good time to buy new clothes, a computer or other items.

Sales tax holidays: How they work

Many states offer their sales tax holidays in August. Most states limit the types of items that are eligible for the sales tax holiday — clothing is the most common qualified purchase — and they usually put a dollar limit on how much of the purchase will be tax-free. read more

FEC railway sues to halt proposed Brightline project; lawsuit signals trouble for commuter rail

FEC railway sues to halt proposed Brightline project; lawsuit signals trouble for commuter rail

Rarely have we seen a day when the Florida East Coast Railway has publicly spoken ill of Brightline, its higher speed passenger rail partner in South and Central Florida.

Nor has it openly uttered objections against a planned commuter rail line Brightline envisions operating in concert with Miami-Dade, Broward and Palm Beach counties over the FECR-owned corridor east of Interstate 95.

Until recently.

In a sharply worded lawsuit filled last month in Miami-Dade Circuit Court, the venerable freight carrier based in Jacksonville, and owner of the 351-stretch of rail between Miami and the northeast Florida city, alleges that Brightline kept the FECR in the dark when it started speaking with county officials about a possible commuter line that would run through all three counties, over 85 miles between Miami and Jupiter.

The lawsuit was first reported by the Miami Herald.

The Coastal Commuter Link idea is an outgrowth of a plan researched and coordinated by the Florida Department of Transportation starting in 2003, decades after passenger rail service along the line founded by oil baron Henry Flagler ceased in 1968. read more