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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…
Sir Keir delivered a statement to announce his planned departure from Downing Street. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s Met Office has issued a rare red warning for heat, as it forecast that temperatures could reach at least 39C later this week in southern England, breaking June records.The British weather forecaster warned of “severe and significant impacts from this heatwave”, including on public health, transport, energy and water supplies. Much of western Europe is sweltering in hot conditions, with more than half of France also under a red alert. Highs of more than 40C are expected in France on Monday,…
The U.S. on Monday authorized Iranian oil sales through August after “productive talks” between Tehran and Washington in Switzerland over the weekend, Treasury Secretary Scott Bessent said. “As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil,” Bessent said in a social media post. The authorization expires on August 21 unless it is renewed. Vice President JD Vance said earlier Monday that “great progress” was made during the talks in Switzerland, despite Iran’s declaration over the weekend that it had closed the Strait of Hormuz. U.S. Central Command…
Google invests $75m in A24 studio for AI partnership Source link
SpaceX employees celebrate the market close of the SpaceX initial public offering (IPO) at the Nasdaq Marketsite on June 12, 2026, in New York City. Spencer Platt | Getty ImagesChoose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Source link