Microsoft tells Xbox unit to deliver margins above ‘industry average’ – report

Microsoft (NASDAQ: MSFT) is pushing its Xbox gaming division to achieve profit margins “well above the industry average,” according to a report by Bloomberg published on Thursday.

Citing insider sources, the report revealed that over the past two years, company executives have set ambitious targets across the board to enhance profitability. This strategic focus underscores Microsoft’s commitment to strengthening its position in the competitive gaming market.
https://seekingalpha.com/news/4507483-microsoft-tells-xbox-unit-to-deliver-margins-above-industry-average—report?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

Pablo Torre dunks on Shams for claiming Terry Rozier had been ‘cleared’ in gambling scandal

The recent news of Miami Heat guard Terry Rozier’s arrest has sent shockwaves throughout the sports world. This development comes after Rozier was reportedly “cleared” of any involvement in the ongoing gambling investigation, according to renowned journalist Shams Charania. However, fellow journalist Pablo Torre has since disputed that claim, shedding new light on the situation.

During an appearance on *The Pat McAfee Show* in June 2025, Charania stated, “Terry Rozier, as of now, has been cleared. He finished the season with Miami; there’s nothing really active as of right now with him.” This video resurfaced when Torre took to X (formerly Twitter) to share the clip, captioning it simply, “Previously.”

A few minutes later, Torre posted an update challenging the earlier assertion. He wrote, “Terry Rozier was never ‘cleared’ by the federal government in this investigation, according to [Pablo Torre Finds Out’s] reporting. Neither was Malik Beasley.”

### Arrest Announcement and Ongoing Investigation

Rozier’s arrest was officially announced on Thursday, October 23. A press conference is scheduled for 10 a.m. EST on the same day, where U.S. Attorney for the Eastern District of New York Joseph Nocella Jr. will provide further details about the case. Notably, Portland Trail Blazers coach Chauncey Billups was also taken into custody in connection with the probe.

This arrest has been a long time coming. The NBA has reportedly been aware of suspicious betting activity potentially involving Rozier for several months. Concerns first arose when Rozier left a game early due to a foot injury, just minutes after tip-off.

Following that game, a bettor reportedly placed 30 bets within an hour, totaling over $10,000. These wagers focused on Rozier’s player prop lines, betting that his performance would fall below the predicted marks. This pattern of suspicious betting was not isolated; at least six other sportsbooks flagged unusual activity involving Rozier on the same day.

### Impact on the Miami Heat

Rozier is currently in his second season with the Miami Heat, who have just begun their 2025 campaign. The Heat recently lost their season opener against the Orlando Magic, a game in which Rozier did not participate.

As this story develops, fans and analysts alike await further information from the federal authorities and the NBA regarding the implications of these allegations for Rozier and others involved.
https://clutchpoints.com/nba/miami-heat/heat-news-pablo-torre-shams-terry-rozier-cleared-gambling-scandal

“Sell gold, buy Bitcoin,” Standard Chartered’s Head Says Rotation May Return

**Standard Chartered’s Head of Digital Assets Research Signals a New Trend: “Sell Gold, Buy Bitcoin”**

Last week saw a notable shift in the investment landscape. Gold prices plunged nearly 6%, while Bitcoin bounced back above $110,000, signaling a growing capital rotation into cryptocurrency. Kendrick, Standard Chartered’s head of digital assets research, warns that a new trend is emerging: “sell gold, buy Bitcoin.” He believes this shift could propel Bitcoin toward $135,000 by the end of the year.

### Kendrick: Sell Gold, Buy Bitcoin

Gold has long been regarded as the go-to safe haven during times of economic stress and inflation. However, according to Kendrick, the “gold-to-Bitcoin flow” has always served as a critical indicator for investors monitoring capital rotation between traditional and digital assets.

Kendrick told clients that last week’s market moves—including the sharp 6% drop in gold prices—coincided with Bitcoin’s bounce back, which he interprets as a clear sign of capital shifting from gold to crypto. Amid tighter monetary policies and evolving investor preferences, he suggests the “sell gold, buy Bitcoin” trend may gain momentum, positioning Bitcoin as the new digital safe haven.

### Opportunistic Buying Below $100K

While Kendrick predicts a near-term “inevitable” dip of Bitcoin below the psychologically important $100,000 mark, he views this as a temporary correction and a “final buying opportunity.” Despite recent market volatility caused by U.S.-China trade tensions, he remains optimistic.

Standard Chartered maintains bold Bitcoin price targets ranging from $135,000 to $200,000 by year-end. These projections are supported by factors such as anticipated easier monetary policies, strong ETF inflows, and capital shifting away from traditional safe assets like gold.

### Bitcoin Waiting to Explode Toward $120K

Crypto analyst Michael van de Poppe notes that Bitcoin is currently moving sideways, reflecting uncertainty as traders await crucial updates like the U.S. Consumer Price Index (CPI) report and the upcoming Federal Reserve (Fed) meeting. These events could affect interest rates and monetary policies, which are likely to determine Bitcoin’s next price direction.

Van de Poppe further highlights that even at $110,000, Bitcoin is not too expensive compared to its 2021 peak of $69,000 when interest rates were near zero. He identifies $112,000 as a key resistance level. Should Bitcoin break above this threshold, it could trigger a rally toward $120,000.

As the market evolves, investors are closely watching these signals that may redefine the dynamics between traditional safe havens and digital assets.

*Stay tuned for more updates on Bitcoin and market trends.*
https://coinpedia.org/news/sell-gold-buy-bitcoin-standard-chartereds-head-says-rotation-may-return/

‘Their own voters are pissed’: Lawmaker says GOP left with ‘no choice’ but to attack Trump

A throughline is reportedly developing in the reaction of Republican lawmakers to the controversies piling up around President Donald Trump.

The president and his legal team have reportedly asked the Department of Justice for $230 million to settle damage claims related to his past federal prosecutions. However, House Speaker Mike Johnson responded firmly, saying, “Never happen again, and for that, there needs to be accountability.”

Senator Thom Tillis (R-NC) conceded that he had “optics concerns” about Trump’s move. Meanwhile, Senator Cynthia Lummis (R-WY) stated, “I decide based on what I hear from my constituents.” Lummis was among many GOP lawmakers who claimed they “never heard about” Trump’s demand for $230 million from their constituents.

Senator Ted Budd (R-NC) indicated that he and other Republicans “look through the lenses of our state” — in his case, focusing on hurricane recovery in western North Carolina — before criticizing the president. “I want to make sure that those he’s appointed to his cabinet are actually doing that,” Budd added.

On the other hand, Democrats told MSNBC that their Republican colleagues are primarily afraid of going against Trump. Representative Jared Huffman (D-CA) explained, “Trump’s wrath if they cross him badly, and their own voters who are rightfully pissed off right now over the Argentina bailout. That’s why they’re mostly silent, and when they do speak out, it’s on something like Argentina where their base is leaving them no choice, and where Trump probably won’t end their careers over just this one thing.”
https://www.rawstory.com/donald-trump-corruption-2674225593/

What did Nicki Minaj say about DJ Akademiks? Streamer left startled by rapper mentioning him during X Spaces

Nicki Minaj directly addressed DJ Akademiks during her recent X Spaces conversation. This interaction coincided with Akademiks’ second deposition with Roc Nation, creating a notable moment that left the media personality seemingly startled.
https://www.sportskeeda.com/pop-culture/news-what-nicki-minaj-say-dj-akademiks-streamer-left-startled-rapper-mentioning-x-spaces

Lockheed, NioCorp to develop scandium-based defense technology

**Lockheed Martin and NioCorp to Develop Scandium-Based Defense Technology**

*October 23, 2025 | 7:14 AM ET*

NioCorp Developments Ltd. announced a strategic agreement with Lockheed Martin to collaborate on the development of scandium-based defense technology. Following the news, NioCorp’s shares rose by 3.9% in pre-market trading on Thursday.

This partnership highlights the growing importance of scandium, a rare earth element, in advanced defense applications. The collaboration aims to leverage NioCorp’s expertise in scandium extraction and Lockheed Martin’s technological capabilities to create innovative defense solutions.

**Related Stocks**

– NioCorp Developments Ltd. (Symbol: NB)

Stay tuned for more updates and in-depth analysis on this developing story.
https://seekingalpha.com/news/4507385-lockheed-niocorp-to-develop-scandium-based-defense-technology?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

CONFIRMED! Bill Gates to make a cameo on Star Plus’ Kyunki Saas Bhi Kabhi Bahu Thi

The makers of Star Plus’ iconic daily soap *Kyunki Saas Bhi Kabhi Bahu Thi* have officially confirmed that Microsoft co-founder Bill Gates will be making a special cameo on the show, much to the delight of fans.

Following yesterday’s buzz generated by a teaser featuring Tulsi (Smriti Irani) on a mysterious video call, the channel has now unveiled the sequence, putting all speculation to rest.

**CONFIRMED!**

Reportedly, Gates will offer guidance to Tulsi on balancing family responsibilities while taking care of herself—a crossover moment that is unprecedented in Indian television.

Speaking about the special sequence, producer Ektaa Kapoor shared,
“THE BEST PART WAS WRITING. The absolute delightful JAI SHREE KRISHNA said so sweetly by @thisisbillgates.”

Fans across social media have also expressed their excitement. One fan wrote, “What a power move! Now that’s a crossover no one saw coming. Awesome!” Another commented, “Don’t know why I feel so happy and proud to see this,” while another quipped, “We got Bill Gates on Indian television daily soap before GTA 6.”

Ayyaz Ahmed humorously added, “Bill Gates ka sapna poora hone jaa raha hai… he always wanted to play Mihir Virani.”

This sequence marks Bill Gates’ first appearance on Indian television and his second-ever television cameo after *The Big Bang Theory*. With the teaser now out, anticipation for the upcoming episodes has reached fever pitch.

*Kyunki Saas Bhi Kabhi Bahu Thi* airs every Thursday and Friday at 10:30 PM on Star Plus.

**Also Read:**
*Kahaani Ghar Ghar Kii* meets *Kyunki Saas Bhi Kabhi Bahu Thi*: Crossover promo featuring Parvati and Om joining Tulsi and Mihir Virani takes internet by storm

*BOLLYWOOD NEWS LIVE UPDATES*
https://www.bollywoodhungama.com/news/bollywood/confirmed-bill-gates-make-cameo-star-plus-kyunki-saas-bhi-kabhi-bahu-thi/

Trump plows past concerns over East Wing demolition — and envisions an even bigger ballroom than initially planned

(CNN) — President Donald Trump has proceeded with enormous latitude as he constructs his massive new ballroom, bypassing concerns raised by preservationists and so far stopping short of seeking approval from the commission overseeing construction on federal buildings to tear down the entirety of the White House East Wing.

The ballroom is now expected to be larger than initially planned, according to multiple sources familiar with the matter. The president has shown visitors two flat tabletop models, at times quizzing the room on which version they preferred: the smaller one or the larger one. Most answered that the bigger one was better, to which Trump agreed.

While it’s not clear how much larger, Trump said Wednesday that the ballroom is expected to cost a projected $300 million, seemingly in line with a larger structure. Previously, the administration had put the cost at $200 million.

The project has drawn outcry and led to questions about whether the president was within his legal authority to dismantle entire sections of the executive mansion. Not all of Trump’s own team was set on the project at the start, one source familiar with the internal conversations told CNN.

At the beginning, some aides and advisers thought it was too big of a task to undertake, and attempted to explain how difficult and lengthy the process was likely to be. But once it became clear the president wasn’t going to give up on the idea — which he’s been musing about for the better part of 15 years — everyone quickly got onboard.

The White House says it will submit plans for the ballroom construction to the National Capital Planning Commission, but insists the body doesn’t have purview over the decision to knock down the East Wing. Some former members of the panel have questioned that assessment. And one of the nation’s premier historic preservation organizations is calling for an immediate halt to the leveling of the East Wing.

But there appeared little standing in the way of the president’s decision to move ahead with the audacious, multi-year project. Now the demolition is well underway, making it seem unlikely the plans will be reversed.

“In order to do it properly, we had to take down the existing structure,” Trump said Wednesday in the Oval Office when questioned about the project. A scale model of the White House grounds with the ballroom prominently jutting out from the East Colonnade sat on the table in front of him.

He said after a “tremendous amount of study with some of the best architects in the world,” the determination was made that “really knocking it down” the East Wing would be necessary. “It was never thought of as being much,” he said. “It was a very small building.”

On Wednesday, track excavators continued their work ripping into the former home of the office of the first lady, the White House calligrapher, and some military aides. The demolition was proceeding quickly, with roughly half the structure now reduced to a grey pile of cement and twisted rebar. Staffers in those departments have been relocated to other areas on the complex.

The East Wing’s wood-paneled foyer has long been the main point of entry for visitors attending social events at the White House, as well as those going on tours of the building. The section emerged in its current form in 1942.

Officials said the rest of the East Wing is likely to be demolished by the end of the week.

In some ways, the cries of disapproval are coming too late. Renderings released by the White House in July showed the ballroom sitting atop where the East Wing used to sit, and an official press release at the time stated it would sit “where the small, heavily changed, and reconstructed East Wing currently sits.”

Trump said anyone outraged or concerned he was taking steps without being frank about his intentions were misplaced. “I haven’t been transparent? I’ve shown this to everybody that would listen,” he said in the Oval Office.

Still, images of the building torn to pieces this week have caused shock, particularly as Trump tests his authority in nearly all aspects of the presidency — not least of which is the building he lives and works in.

The project began ramping up over the summer, one source said, and weekly meetings to discuss the project began. The president himself has been involved in these meetings, which have also included Chief of Staff Susie Wiles, the White House Military Office, the Secret Service, an architecture team, and other staffers internally who have been tasked with helping move the project along quickly, the source said.

The White House said in late July that McCrery Architects and its CEO James McCrery would take the lead in the design of the addition. A few days later, McCrery was spotted alongside Trump on the White House roof surveying the area on the South Grounds where the ballroom will go.

Trump’s aides were prepared for pushback on the ballroom and sought to review what was legally required to complete the project, the source said.

Ultimately, administration officials determined the White House would only need approval from the National Capital Planning Commission, which oversees federal construction projects in Washington and its neighboring states, Virginia and Maryland.

However, officials said the commission has jurisdiction only when “vertical” construction begins and does not oversee demolition.

Trump recently appointed White House staff secretary and loyalist Will Scharf to chair the commission. White House deputy Chief of Staff James Blair and another Trump aide were also appointed to the commission at the same time.

Scharf said during a meeting of the commission last month the body would eventually be involved in the project, but not until after the East Wing was demolished.

“I know the president thinks very highly of this commission, and I’m excited for us to play a role in the ballroom project when the time is appropriate for us to do so,” he said.

The commission, which is closed amid the ongoing government shutdown, was created by Congress in 1924 and is comprised of 12 members. Three are appointed by the president, along with the chairman, with the rest of the seats reserved for federal agencies, such as the National Park Service, and representatives from the District of Columbia.

Projects reviewed by the NCPC in recent years include changing the perimeter fence around the White House grounds and a tennis pavilion Trump installed during his first term. The fence, in particular, took several years before it was ultimately approved; officials said it was a necessary change because people kept jumping over the previous one and running toward the North Portico.

L. Preston Bryant Jr., who served as chairman of the NCPC for nearly a decade, described a three-stage process that typically unfolds for federal projects, beginning with early consultations that he described as collaborative.

“The Commission staff very much wants a potential project to get started on the right foot. This early consultation stage is very important,” he told CNN.

The project goes through subsequent phases — conceptual, preliminary approval, and final approval — before the process is complete.

Bryant said he couldn’t remember a time when demolition was separated from the approval process in the way the Trump White House has done.

“That was not my experience during my time at NCPC,” Bryant said. “If there’s to be demolition, that’s part of the project. The demolition element is inherent in the overall project. Demo is not separated from construction. It’s part of it.”

Rebecca Miller, the executive director of the DC Preservation League, said demolishing the East Wing before a formal submission of the ballroom plans essentially starts the project before a formal review process.

“Most concerning is that they’re just tearing down the East Wing without any public submission as to what is going to be built in its place,” she said. “And that’s where the National Capital Planning Commission, or the Commission on Fine Arts, or the public, would have their input into the design of the property, its compatibility with the White House, and how to mitigate or minimize the impact on the current historic resource.”

“We’re in this kind of zone where there’s nothing that prevents the demolition, but we’ve also not seen what the submission is,” Miller added.

Other laws and rules also appear not to apply to the White House. President Lyndon B. Johnson signed the National Historic Preservation Act in 1966, which details the process by which stakeholders should be brought in for large public projects. But the law excludes the three pillars of US government — the Capitol, the Supreme Court, and the White House — from its provisions.

The Shipstead-Luce Act of 1930 also requires that alterations to buildings in the national capital area, including the White House, must be presented to the Commission of Fine Arts. The language, however, refers to buildings facing the White House and not the White House itself.

For Trump, the concerns about the new ballroom appear unconvincing.

Sitting in the newly gilded Oval Office as the machines were working away outside, he held up a pile of paper renderings showing the plans, including the Louis XIV-style interior that closely resembles the ballroom at Mar-a-Lago.

“You see it goes beautifully with the White House,” Trump proclaimed. “I mean, the mix is beautiful.”

© 2024 The-CNN-Wire™ & ©.
https://wsvn.com/news/politics/trump-plows-past-concerns-over-east-wing-demolition-and-envisions-an-even-bigger-ballroom-than-initially-planned/

Drew McIntyre makes bold prediction ahead of WWE Saturday Night’s Main Event; sends Cody Rhodes a warning

WWE Superstar Drew McIntyre has recently sent a warning to Cody Rhodes ahead of their much-anticipated clash at Saturday Night’s Main Event.

The highly awaited showdown is set to take place on November 1, 2025, and fans are eagerly counting down the days. McIntyre’s message adds an extra layer of intensity to what promises to be an unforgettable match.
https://www.sportskeeda.com/wwe/news-drew-mcintyre-makes-bold-prediction-ahead-wwe-saturday-night-s-main-event-sends-cody-rhodes-warning

CZ calls Peter Schiff’s tokenized gold a ‘trust me bro’ asset

Binance co-founder and former CEO Changpeng “CZ” Zhao dismissed crypto critic Peter Schiff’s plan to launch a tokenized gold product, calling it a “trust me bro” asset.

In a Thursday post on X, CZ explained that tokenized gold is not on-chain gold but rather a promise dependent on third-party custody. “It’s tokenizing that you trust some third party will give you gold at some later date, even after their management changes, maybe decades later, during a war,” he wrote.

CZ’s comments came after Schiff, a long-time Bitcoin (BTC) critic and gold advocate, announced plans on the ThreadGuy podcast to roll out a gold-backed token. Schiff described it as an easier way to spend gold digitally, complete with debit cards linked to gold holdings.

### Bitcoin Will Eventually Go to Zero: Schiff

Schiff maintained his decades-long stance that Bitcoin has no intrinsic value and will eventually “go to zero.” He called Bitcoin a “gigantic pump-and-dump” scheme driven by early adopters cashing out at the expense of newer investors.

“I still think it’s going to zero,” Schiff said. “What I underestimated was the gullibility of the public and the marketing savvy of those promoting it.”

He also warned of a looming “sovereign debt crisis” that he believes will dwarf the 2008 financial crisis. Schiff predicts hyperinflation, a collapse in US Treasury bonds, and gold prices rising well beyond $4,000 per ounce.

According to Schiff, the US dollar’s dominance as the world’s reserve currency is nearing its end, and the global financial system will “inevitably return to gold.” He noted that foreign central banks are already divesting from US Treasurys and quietly replacing their reserves with physical gold, signaling a “monetary reset” similar to the post-Nixon 1970s.

### Gold Loses $2.5 Trillion in Market Cap After Record Surge

Earlier this week, gold experienced one of its sharpest crashes in decades, shedding about $2.5 trillion in value within 24 hours, according to The Kobeissi Letter. The metal plunged 8% over two days—its worst decline since 2013—wiping out more market value than the entire Bitcoin supply.

This sell-off followed a period of rapid gains this year, during which gold surged 60% as investors flocked to it amid inflation fears and global instability.

**Related:**
– Can Bitcoin recover as gold plunges from record highs? Analysts weigh in
– Bitcoin taps $110K as BTC price diverges from 5% gold correction
https://cointelegraph.com/news/cz-calls-peter-schiffs-tokenized-gold-trust-me-bro-asset?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

Exit mobile version
Sitemap Index