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Wolfe sees sentiment shift in business services stocks Source link
Apple is in talks with a small Silicon Valley company that says it can shrink powerful artificial intelligence models enough to run directly on an iPhone, the startup’s CEO told CNBC. PrismML, a Khosla Ventures-backed spinout from the California Institute of Technology, publicly released compressed versions of Alibaba’s open-source Qwen model on Tuesday. The company said it reduced the model from roughly 54 GB to less than 4 GB, allowing all 27 billion of its parameters to run on an iPhone 15 or newer.PrismML CEO Babak Hassibi told CNBC that Apple and other companies have been evaluating the startup’s models…
David Lammy, Shabana Mahmood, Ed Miliband and other ministers arrive for Starmer’s final cabinet meeting. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water said it could survive for another 12 months but warned of “material uncertainty” over its long-term future as it seeks to avoid renationalisation.The UK’s biggest water and sewerage company said in its annual report on Wednesday that it was “reasonable to assume” it would have “adequate resources” to continue its operations for the next 12 months.But the group’s directors cautioned that there was “material uncertainty” over the company’s ability to secure enough liquidity to see it through to a successful…
Johnson & Johnson shares have showed signs of life ahead of earnings. For the stock to keep running, the healthcare giant needs to show investors that its most promising drugs are still gaining steam. J & J’s climb back to record highs exactly one week ago was largely fueled by a marketwide rotation into lagging healthcare stocks and away from big winners tied to the AI infrastructure buildout. Since then, though, the stock has lost a few percentage points, in line with the S & P 500’s healthcare sector , as the Iran war heated up again and dragged down…
UK’s Dr Martens backs annual outlook on US wholesale demand Source link
The survey of more than 32,000 people across the 15 largest alcohol markets found that drinkers consumed 3.9 drinks at each occasion, down from 4.4 drinks in 2024 and 2025. “The moderation trend increasingly appears to be driven by lifestyle choices, resulting in a structural rather than cyclical change,” Lodewijks said. While declines were in part due to continued economic uncertainty, alcohol consumption was not keeping pace in regions where incomes are rising, in a further sign the industry’s woes are structural. The survey found that boomers drank the fewest number of drinks on the fewest occasions, at just 2.6…
Consumer prices pulled back in June on the heels of lower energy and gasoline prices, a reversal after moving sharply upward in recent months due to the Iran war. However, inflation risks re-igniting in coming months amid renewed hostilities between the U.S. and Iran, economists said. The consumer price index, an inflation barometer, rose 3.5% in June from 12 months earlier, the Bureau of Labor Statistics said Tuesday. That’s down from 4.2% in May — the first decline in the annual inflation rate since January, when it stood at 2.4%. “It suggests the worst is over, we’re past the peak…
Why is ASML stock surging today? Source link
A Zipline precision drone with a delivery pod underneath.ZiplineSouth San Francisco startup Zipline is adding former Tesla and Waymo execs to its C-suite, and bringing on a former Uber executive to lead its commercial expansion, as the company scales its drone delivery service into new U.S. and international markets.Since Zipline started up about twelve years ago, its fully electric, autonomous drones have been used to make more than 2.5 million commercial deliveries. The drones can carry items weighing up to 8 pounds. They have been used to deliver everything from life-saving vaccines, blood and anti-venom doses, to burritos and personal…