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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…
Stubbornly high inflation and an aggressive tone from new Chairman Kevin Warsh will lead the Federal Reserve to raise interest rates three times this year, according to Bank of America. In a note Monday, the bank’s economists reversed their position, held as recently as last week. that the central bank would stay on hold this year as it looked through higher prices driven by the Iran war. But after reviewing current conditions and Warsh’s comments last week , that call has changed. The bank expects a report later this week on core personal consumption expenditures prices — the Fed’s main…
Why is SanDisk stock surging today? Source link
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks were mixed Monday as investors assessed the latest developments in the Iran war negotiations and awaited the release of key inflation data later this week. West Texas Intermediate crude fell below $75 a barrel after reports that U.S. and Iranian officials had agreed on a framework to reach a final deal within 60 days, easing concerns about disruptions to global energy supplies. Despite the decline in oil, Treasury yields moved higher, with the…
LONDON, ENGLAND – JUNE 22: Andy Burnham, Labour MP for Makerfield, takes a “Selfie” with the Parliamentary Labour Party after his swearing-in at the Houses of Parliament on June 22, 2026 in London, England. Last week Andy Burnham won 54% of the vote in the Makerfield by-election, paving his way to return to Westminster as an MP and challenger to Prime Minister Keir Starmer’s leadership. (Photo by Dan Kitwood/Getty Images)Dan Kitwood | Getty Images News | Getty ImagesU.K. Prime Minister Keir Starmer announced Monday he’d step down, opening the door for Britain’s seventh leader in 10 years.The process to succeed…
With broader macro uncertainties driving pocketed volatility across the automotive sector, patient options traders have an exceptional set-up to harvest high-quality premiums. Specifically, writing the Ford July 24th expiration $13.50 strike put at a premium of $0.45 offers an immediate 3.3% yield over the 35-day duration. On an annualized basis, this cash-covered trade structure generates a compelling 36% annualized return, providing a massive margin of safety on a premier industrial giant finding its operational stride.Market sentiment has penalized legacy automakers for slowing EV adoption, but these weren’t profitable anyway. Instead of burning capital on unwanted electric capacity, the company is…
Stay informed with free updatesSimply sign up to the German politics myFT Digest — delivered directly to your inbox.Germany’s plans to deploy naval minesweepers to the Strait of Hormuz are unlikely to secure parliamentary approval before the Bundestag breaks for the summer, potentially delaying the deployment for months.The hold-up, over worries that German soldiers might be put in danger, would be a significant setback in Berlin’s efforts to respond to Washington’s request for help reopening one of the world’s most important energy shipping waterways.Thomas Röwekamp, chair of the Bundestag’s defence committee, said on Monday that the military and legal conditions…
Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026.Danielle DeVries | CNBCLucid Group said Monday it is cutting its U.S. workforce by approximately 18% as part of a cost-savings plan.The all-electric vehicle maker said its plan would give it annualized cost savings of approximately $158 million.The company also said Monday that its chief operating officer, Marc Winterhoff, is leaving the company effective immediately. Winterhoff was interim CEO at the company until Silvio Napoli took over the top job on June 1. The role of COO has been eliminated, Lucid said. Lucid’s workforce reductions include…
Alphabet slides over 6% as AI brain drain and SpaceX slump converge Source link
Gathering light, decoding data At a high level, the concept is fairly straightforward. A spacecraft encodes data onto a laser, which sends a narrow beam toward Earth. Large optical telescopes on the ground collect the incoming photons, and detectors convert the light back into electrical signals. Sophisticated error-correction software reconstructs the original message as many photons are lost. The greater the distance, the more daunting the challenge. A laser beam from geostationary orbit, about 22,000 miles (36,000 km) above Earth, starts out about the diameter of a coffee cup, and when it reaches Earth, it’s about 1km across. The farther…