Author: franperez66q@protonmail.com
UK may intervene in $110 billion Paramount-Warner Bros Discovery deal Source link
Jakub Porzycki | Nurphoto | Getty ImagesAround $2.3 trillion has been wiped off the value of the Magnificent 7 this month as the tech giant’s huge infrastructure spending is increasingly scrutinized by investors, who see stronger returns in other parts of the market.The Mag 7 comprises Microsoft, Nvidia, Alphabet, Apple, Meta, Tesla and Amazon. The CNBC Magnificent 7 Index has fallen 10% so far in June. These companies, in particular Amazon, Microsoft, Alphabet and Meta, are collectively spending hundreds of billions of dollars buying chips and building data centers to power their artificial intelligence services. Some of this investment is…
Stay informed with free updatesSimply sign up to the Financials myFT Digest — delivered directly to your inbox.Car loan providers have failed in an attempt to block mass lawsuits over hidden commissions, adding to a legal threat facing the sector after two lenders claimed a £9.1bn compensation scheme violated their human rights.Judges on Tuesday dismissed an appeal brought by lenders including Black Horse, an arm of Lloyds Banking Group, which sought to stop lawyers bringing so-called omnibus claims on behalf of thousands of motorists.Lenders are trying to contain the damage from the multibillion-pound motor finance scandal, which stems from commissions…
AeroVironment shares skyrocketed more than 30% after the dronemaker easily blew past Wall Street’s fiscal fourth-quarter estimates, benefiting from U.S. plans to modernize the military and secure space. The Virginia-based defense company more than doubled revenue from a year ago to $642 million, while funded backlog jumped 65% to $1.2 billion. Revenue for autonomous systems totaled $492 million, surpassing the $402 million StreetAccount expectations.CEO Wahid Nawabi told analysts in a Monday earnings call that the company is scaling manufacturing to keep pace with unprecedented demand and that the company’s growth opportunity has “never been stronger. Other drone stocks rallied in…
Rheinmetall wins Ukraine contract for artillery ammunition Source link
Dario Amodei, co-founder and chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty ImagesThe Trump administration’s crackdown on Anthropic’s leading artificial intelligence models is looking like a gift to the country’s top adversary in the AI race: ChinaAfter a two-week shutdown due to an export control directive, Anthropic was allowed by the White House on Friday to release its powerful Mythos 5 model to some companies and federal agencies, though its Fable 5 model remains off the market. OpenAI, meanwhile, also said on Friday…
Chancellor Rachel Reeves speaks as the government announces its defence spending plans. Source link
Traders work at the New York Stock Exchange on June 26, 2026. NYSESmall-cap U.S. stocks are capping off one of their strongest first halves in decades. But this is not your ordinary small-cap boom led by traditional businesses linked to the economic cycle.This run, like the one going on with their larger-cap peers, has been driven by the rapid buildout of AI infrastructure, as spending spreads beyond the largest technology companies to a broader network of suppliers.Investors believe the small-stock rally can broaden out beyond tech and continue, as long as interest rates stay in check.The Russell 2000 Index has…
Why is Sunpower stock gaining today? Source link
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Tuesday. As someone with protein coffee in their fridge, I can’t say I’m surprised that “functional beverages” are taking off.Stock futures are positive this morning. The market is coming off a winning day.Here are five key things investors need to know to start the trading day:1. Case closedA view of the US Supreme Court in Washington, DC, on June 25, 2026. Saul Loeb | AFP | Getty ImagesThe Supreme Court had a busy morning yesterday. The nation’s highest court ruled on President Donald Trump’s ability to fire…