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A drone boat picked up two US Army pilots from waters near the Strait of Hormuz after their helicopter gunship went down, US military officials said in interviews with various broadcast news outlets. The incident apparently represents the first time the US military has used a drone for such a rescue mission at sea. The two crew members from the US Army AH-64 Apache were “rescued by American forces” at 7:33 pm US Eastern Time after their helicopter went down off the coast of Oman on June 8, according to a US Central Command press release. That press release mentioned…
The defence secretary says he wants to take an “unashamedly pro-Britain” approach when awarding contracts. Source link
A sign for the U.S. Social Security Administration is seen outside its headquarters in Woodlawn, Md., on Thursday, March 20, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe trust fund Social Security relies on to help pay retirement benefits may run out in 2032, at which point 78% of benefits will be payable, according to the Social Security Administration’s annual trustees report released on Tuesday. That projected depletion date is one year sooner than had been estimated last spring. The new projected depletion date follows the enactment of President Donald Trump’s “big beautiful” tax law, which Social Security’s chief…
Investing.com – Bank of America Securities reiterated its buy rating on MercadoLibre stock () as the firm projected substantial long-term profitability from the company’s credit card business despite near-term margin pressure from aggressive investments across multiple business lines. The Latin American e-commerce leader more than doubled its credit card portfolio year-over-year in the first quarter of 2026, reaching $6.6 billion and representing approximately 45% of MercadoLibre’s total loan book. Credit card monthly active users rose 68%, outpacing total Mercado Pago monthly active user growth of 29%. Despite the rapid expansion, Bank of America analyst Robert E. Ford Aguilar estimated MercadoLibre…
Apple shares fell 3% on Tuesday, a day after the company revealed new artificial intelligence software at its annual Worldwide Developers Conference.Apple announced new frameworks that will allow app developers to tap into Apple’s AI on iPhones and Macs, called Apple Intelligence, as well as a new version of Siri called Siri AI that’s based on large language models. Apple also revealed that it is using a cloud model “comparable” to so-called frontier models with help from Google and Nvidia. But investors sold the news and Apple is on track for its worst day since February.Analysts reacted positively to Apple’s…
Eric Trump, left, and Donald Trump Jr. pose for pictures outside the Nasdaq MarketSite after ringing the opening bell to celebrate the closing of Alt5 Sigma’s adoption of its cryptocurrency deal with World Liberty Financial, in New York, Aug. 13, 2025.Eduardo Munoz | ReutersBack in August, Eric Trump and Donald Trump Jr. were all smiles. They showed up at the Nasdaq stock exchange in New York to celebrate a new business partnership with a little-known publicly traded company, then called Alt5 Sigma, to give investors easier access to a cryptocurrency backed by the Trump family. Less than 10 months later,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU is considering pushing back until January a planned increase in its price cap on Russian oil to limit the boost to Moscow’s revenues from higher crude prices triggered by the Iran war.The proposed measure is part of the 21st package of EU sanctions against Russia in response to its 2022 full-scale invasion of Ukraine. The move would require unanimous approval from the bloc’s governments before July 15, when the cap would otherwise automatically rise from its current level of $44.10…
Rivian CEO and founder RJ Scaringe (right) speaks with longtime employee and engineer Max Koff during a launch event on June 2, 2026 for the company’s R2 SUV in Park City, Utah.Michael Wayland / CNBCPARK CITY, Utah — Rivian CEO RJ Scaringe is energetic as he makes his way through displays for the electric vehicle maker’s new R2 SUV.The company founder moves quickly from the EV’s suspension and software systems to different models of the R2 that will soon begin to reach American consumers, including a roughly $45,000 entry-level model that Rivian said Tuesday is being pulled ahead from late…
Dell, HPE seen well positioned for AI and enterprise demand despite stock gains Source link
Taking Private Cloud Compute on the road Federighi outlines the high-level architecture of its new Apple Intelligence capabilities. Credit: Andrew Cunningham Federighi outlines the high-level architecture of its new Apple Intelligence capabilities. Credit: Andrew Cunningham “This is the amount of the Google system we use, which is none,” says Federighi, standing in front of a blank slide in a much more intimate theater than the giant outdoor auditorium where he had introduced CEO Tim Cook a couple of hours before. Federighi has just outlined a “traditional chatbot architecture”—a client app running on your device that reaches out to cloud-based models…