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Jung also highlighted the South Korean military’s personnel shortage, especially among noncommissioned officers and officers expected to help train new conscripts to use drones. Lessons from Ukraine It’s worth noting that Ukraine, the model for so many countries’ military reform efforts, does not field a military where everyone is trained to be a drone pilot—although Ukraine has scaled up training to produce tens of thousands of drone operators. Instead, Ukraine’s effective use of military drones comes from having widely deployed specialized drone operator teams to back up front-line infantry units, standing up the Unmanned Systems Forces branch of the military…
U.S. President Donald Trump arrives with incoming Federal Reserve Chair Kevin Warsh for Warsh’s swearing-in ceremony at the White House in Washington, D.C., U.S., May 22, 2026. Jonathan Ernst | ReutersWith inflation topping 4%, the Trump administration is easing off its long-standing calls for the Federal Reserve to immediately cut interest rates. That is giving new Fed Chairman Kevin Warsh an extended political grace period as he deals with a challenging economic environment, but underscores the depth of the pushback he could face if the mercurial president changes his mind. President Donald Trump said as recently as Wednesday that he wants…
The view at the halfway point of the year on Wall Street is more rosy than could’ve been expected at just about any point over the past six months now that a U.S.-Iran resolution is in sight. This week, JPMorgan hiked its 2026 S & P 500 target to 7,800 from 7,200 , suggesting another 5% rise from current levels is possible thanks to a “Blue Sky” scenario. Others are becoming more sanguine on the market outlook. Thursday’s PCE report, for example, showed inflation at its highest in roughly three years, but it also confirmed that consumer spending remains robust…
Zuckerberg asks Meta to explore working with Polymarket and Kalshi, NYT reports Source link
Zhipu’s GLM 5.2 artificial intelligence model landed last week with the kind of Silicon Valley buzz that followed DeepSeek’s launch last year.The Chinese AI startup’s new open source model has blown past every other open release and now sits within a percentage point of Anthropic’s Opus 4.8 on one closely watched agentic benchmark, at roughly a fifth of the cost.Developers are piling in, with OpenRouter token traffic climbing faster than it did after DeepSeek’s V4 launch in April. And unlike DeepSeek, which the market eventually dismissed as a one-off chatbot shock, GLM 5.2 is strong at agentic work like planning,…
Pollard said: “This Labour government is now rebuilding our military, including through increasing the size of our strategic reserves and giving them more opportunities to work with their regular counterparts.”The Conservatives said their pledge would be to recruit approximately 18,000 new reservists to bring the total to 50,000.The trained and untrained strength of the Army, RAF and maritime reserves was more than 32,000 on 1 January 2026, according to government statistics, external.The Tories also want to ensure more reservists complete their minimum training days, which typically number 19 or 27 days.A reservist who meets their minimum training commitment and also…
Governor Gavin Newsom attends the 94th Annual Meeting of the United States Conference of Mayors in Long Beach, California, June 4, 2026.Myraneli Fabian | Anadolu | Getty ImagesCalifornia Gov. Gavin Newsom, who is widely viewed as a 2028 presidential contender, on Friday called for a nationwide tax on billionaires as part of a broader agenda to usher in what he’s calling an “economic reset for America.”The Democratic governor, in a Substack post and accompanying video posted on social media, backed hiking taxes on the nation’s richest — but reiterated his opposition to a state-level wealth tax that Californians will vote…
By Noel Randewich June 26 (Reuters) – Shares of rose a marginal 0.15% on Friday ahead of its inclusion in Russell indexes, with passively managed funds tracking those benchmarks required to add billions of dollars’ worth of Elon Musk’s internet and rocket company to their holdings. Traders exchanged about $19 billion worth of SpaceX shares, with almost half of that turnover in the final minutes of the session. After a blockbuster initial public offering this month, SpaceX’s stock has been on a wild ride, soaring 67% to its June 16 intraday high of $225.64 before tumbling to Friday’s $153.23 close.…
VK Group, the developers of VKontakte and related services, issued its own statement complaining that “Apple has removed VK apps from the App Store without warning or explanation… VK has never been subject to sanctions nor included on sanctions lists, a fact confirmed by numerous legal opinions from international and US counsel. Apple has long been in possession of these official legal opinions and all relevant information. Nevertheless, Apple unilaterally removed VK apps without prior notice… We consider these actions by Apple regarding Russian users to be unjustified and unacceptable.” (Translation from Russian through Google Translate.) VK Group also stressed…
An F-35B Lighting II, attached to Marine Fighter Attack Squadron (VMFA) 121, takes off from the flight deck of America-class amphibious assault ship USS Tripoli (LHA 7), May 13, 2026.Courtesy: U.S. NavyThe U.S. military struck Iran on Friday after President Donald Trump accused the Islamic Republic of violating a ceasefire by launching drone attacks on ships in the Strait of Hormuz.U.S. Central Command said its aircraft “struck Iranian missile and drone storage locations and coastal radar sites.”A one-way drone launched by Iran on Thursday struck the Singapore-flagged cargo ship Ever Lovely in the strait off the coast of Oman, Central…