Author: franperez66q@protonmail.com

Vimeo owner Bending Spoons seeks $1.62 billion US IPO, sources say Source link

Google is on pace for its worst day on the stock market in a year, as artificial intelligence concerns have mounted and two high-profile researchers departed for rivals in recent days.Shares of parent company Alphabet slid 7% on Monday morning, underperforming both the Nasdaq and the rest of their megacap peers.The brain drain concerns began last week when Google’s vice president of engineering and a co-lead of its Gemini AI models, Noam Shazeer, announced Wednesday that he was leaving the company to join rival OpenAI. Shazeer’s departure came less than two years after he returned to Google. In August 2024,…

Senator Elizabeth Warren, a Democrat from Massachusetts, speaks to members of the media in the Senate Subway at the US Capitol in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty ImagesThe Senate on Monday is expected to vote on passage of a bipartisan affordable housing bill that would limit the number of single-family homes major investors can purchase, after months of debate spanning both chambers of Congress.The vote comes after lawmakers reached a deal last week on the bill, which is aimed at increasing the supply of homes while limiting private equity’s influence on…

After an up-and-down week for stocks around SpaceX and Federal Reserve chairman Kevin Warsh’s debut, investors will get a fresh read on the pulse of the sector still at the heart of the bull market: semiconductors.On Tuesday, AI chipmaker Cerebras will report earnings after the bell – the company’s first since going public last month. The stock’s down almost 30% from its first day of trading and options prices imply a 11.5% move after its report. On Wednesday, it’s Micron reporting, a key test for the stock that’s been symbolic of the explosive move higher in memory names that’s been…

Investors are pouring billions into defence technology start-ups as wars in Ukraine and the Gulf turn drones, autonomous vessels and battlefield AI into one of this year’s hottest venture capital bets.Companies in the sector have raised $12.3bn from VC funds since the start of 2026, almost double the amount raised in the same period last year and more than the $9.95bn achieved in the whole of last year, according to data compiled by PitchBook for the FT.The surge comes as conflicts expose demand for next-generation weapons systems that are cheaper and faster to produce. However, with some funds willing to…

Brian Cornell, Executive Chairman of the Target Corporation.Anjali Sundaram | CNBCTarget has promised investors that it’s pursuing an aggressive turnaround with a new CEO at the helm, but its longtime former top executive Brian Cornell still leads the retailer’s board of directors — and some major investors are signaling they’re hungry for change. Shareholder backing for Target’s former CEO and current Executive Chairman Cornell fell to its lowest level ever during the company’s annual general meeting this month.While Cornell, 67, was comfortably reelected to his position on Target’s board of directors, he saw the steepest drop in support since he…

FDA launches Operation TrialBlazer to accelerate drug research Source link

Just three months ago, Lucid Motors showed off a new midsize electric vehicle platform that it said would give rise to a number of new vehicles in the coming years. The Saudi-backed startup is now selling its Gravity SUV alongside the ever-improved Air sedan and plans to reach profitability with smaller and cheaper models sold in higher volumes. But things are far from rosy at Lucid; today, the automaker is laying off approximately 1,500 workers—18 percent of its workforce. These aren’t the first layoffs of the year, either; In February, Lucid let go of 12 percent of its workforce. In…

BBC Verify looks at the record of Sir Keir’s time in government in six key areas since he took office in July 2024. Source link

Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.CATL plans to launch more than 30 battery-swapping stations for electric lorries in Europe by 2035 as the world’s largest battery maker bets the technology can cut fleet operators’ costs below those of diesel trucks.The Chinese group will partner with Octopus Energy, the UK’s largest household energy supplier, to build a network of battery-swapping hubs that the companies said could serve more than 300,000 electric trucks and generate private investment of more than £30bn in the region.Using battery swapping, electric lorries will…