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Microsoft to Invest More Than $10 Billion in Middle East by 2030

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Microsoft (MSFT) said Wednesday it plans to invest more than $10 billion in capital and operating expenses on cloud and AI infrastructure across the Middle East by 2030.

Microsoft's new framework initially focuses on Kuwait, Qatar, Saudi Arabia and the United Arab Emirates.

Local partnerships will support responsible AI adoption, sovereign-ready cloud services, Arabic and multilingual AI, and the use of AI to improve services for citizens and businesses.

Microsoft said it also plans to invest more than $400 million in subsea and terrestrial connectivity across the Middle East by 2030.

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KB Home Fiscal Q3 Earnings, Revenue Decline

KB Home (KBH) reported fiscal Q3 earnings late Tuesday of $1.05 per diluted share, down from $1.61 a year earlier.Analysts polled by FactSet expected $0.89.Revenue in the three months ended Aug. 31 fell to $1.3 billion from $1.62 billion a year earlier.Analysts projected $1.3 billion.The company expects Q4 housing revenue of $1.45 billion to $1.65 billion.KB Home projects full-year housing revenue of $4.9 billion to $5.1 billion, compared with the previous outlook of $4.9 billion and $5.3 billion.KB Home shares rose 1.6% in after-hours trading.

$KBH
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Spire Global Wins $33.2 Million NOAA Contract for Satellite Weather Data

Spire Global (SPIR) won a $33.2 million contract from the National Oceanic and Atmospheric Administration to deliver global navigation satellite system radio occultation data to enhance weather forecasting.The data will feed NOAA's prediction models and support weather forecasting, space weather applications, and research by scientific organizations, Spire said Tuesday in a statement.The two-year contract, which starts Dec. 1, includes additional unfunded surge-buy options that may raise the total value to $66 million if fully exercised, the company said.Spire shares rose 2.2% in after-hours trading.

$SPIR
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Top Cryptocurrencies Mixed; Bitcoin Holds Above $86,000 Level

Top cryptocurrencies were mixed on Tuesday, with Bitcoin (BTC-USD) lower but holding above the $86,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.1% in the past 24 hours. The Nasdaq 100 rose 0.9%, the S&P 500 added 0.1% and the Dow Jones Industrial Average decreased 0.2%.Bitcoin eased 0.2% to $86,307, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume 18.2% to $42.71 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, declined 0.4% to $2,751.XRP (XRP-USD) added 2.8%, BNB (BNB-USD) declined 1.6%, and Solana (SOL-USD) fell 1.0%. Dogecoin (DOGE-USD) lost 0.6%, and Cardano (ADA-USD) rose 1.7%.Total market value of the cryptocurrency industry rose 0.2% in the past 24 hours to $2.93 trillion, with trading volume dropping 15.4% to $117.38 billion.Price: $86317.84, Change: $-279.98, Percent Change: -0.32%

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