Author: franperez66q@protonmail.com
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…
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…