Author: franperez66q@protonmail.com

CNBC’s Jim Cramer on Monday said Wall Street’s “basket trades” during the Iran war are distorting stock prices, urging investors to use the dislocations to their advantage. “The best thing? They create real opportunities, as the stocks divorce themselves from the fundamentals until the companies report,” the “Mad Money” host said. “There are big gains to be had when the worth of the baskets blows up in the face of real earnings.” Cramer said traders have increasingly grouped stocks into baskets that rise or fall together based on broad themes rather than company-specific fundamentals. While those trades often dominate day-to-day…

Cost-effective AI for battlefield drones Until now, the Ukrainian military has mainly relied on human operators to manually guide drones toward their targets, with the exception of mid- or long-range strike drones such as the $5,000 AI-powered “Hornet” drones developed by the California-based company Perennial Autonomy founded by former Google CEO Eric Schmidt. Those drones often fly far beyond the frontlines to target Russian oil refineries and energy infrastructure, factories and warehouses, or even ships in the Sea of Azov and the Black Sea. But Auterion focused on creating AI-powered capabilities for the cheaper, shorter-range FPV drones that have become…

The Federal Reserve may soon be drawn into the Trump administration’s efforts to back the embattled currency of U.S. ally Japan. Treasury Secretary Scott Bessent wants the apolitical Fed to expand a lending facility that would enable Japan to support its currency without roiling the sensitive U.S. Treasurys market. That request comes as new Fed Chairman Kevin Warsh is seeking to rewrite the relationship between the Treasury and the Fed. How the two collaborate could have important consequences for the management of the $29 trillion Treasurys market and could see the Fed take on a new role backing U.S. financial…

Palantir CEO Alex Karp doubled down on his criticism of the frontier artificial intelligence labs on Monday, arguing that enterprises shouldn’t be forced to give up their intellectual property to work with model makers.”We have people trying to drug addict us to a future they [frontier AI models] believe they control,” Karp said in an exclusive interview with CNBC. “Now, I’ve spent a lot of time with Dario [Amodei] and the Anthropic crew. They want to tell you we have to march into a future where we own nothing, where our businesses aren’t profitable, where none of us have jobs,…

Prisoners who committed rape, grooming, and serious child sex offences will be excluded from the forthcoming early release scheme for England and Wales, the government has said.Prime Minister Andy Burnham paused plans to release some prisoners in September as part of a bid to stop unprecedented prison overcrowding after backlash from survivors and victims. The scheme will now restart in October.Burnham said he “wanted to go even further”, but that would not possible without the prison system collapsing and putting the public “at much greater risk”.Lissie Harper, the widow of police officer Andrew Harper, said it was “disgusting” that his…

India Prime Minister Narendra Modi, left, with OpenAI CEO Sam Altman, center, and Anthropic CEO Dario Amodei at the AI Impact Summit in New Delhi on Feb. 19, 2026.Ludovic Marin | Afp | Getty ImagesTech companies’ venture capital portfolios are making corporate profits look a lot stronger than they really are. Microsoft, Amazon and Alphabet booked sizable investment gains in the most recent quarter thanks to stakes in Anthropic and OpenAI, and in one case, SpaceX. Anthropic and OpenAI have both seen soaring valuations in private markets, with both valued just south of $1 trillion amid the ongoing AI boom.…

Removable panels on the Lego Icons Hubble Space Telescope provide a look at the instruments and equipment inside. Credit: LEGO Removable panels on the Lego Icons Hubble Space Telescope provide a look at the instruments and equipment inside. Credit: LEGO As part of its storied history, the Hubble telescope was visited by astronauts five times, first to correct for an optical flaw and then to upgrade its capabilities. This Lego model is configured to reflect the Hubble’s current configuration, following its fifth servicing in 2009. Included in the build are the Space Telescope Imaging Spectrograph (STIS), Cosmic Origins Spectrograph (COS),…

Attorney for the District of Columbia Jeanine Pirro speaks during a press conference at the U.S. Attorney’s Office for the District of Columbia on July 02, 2026 in Washington, DC. Anna Moneymaker | Getty ImagesPresident Donald Trump on Monday hurled more criticism at Jeanine Pirro as he fumed over the federal prosecutor’s decision to drop her Reflecting Pool vandalism case after admitting damage to the water feature was caused by a botched installation.Pirro, the U.S. attorney for the District of Columbia, “made a mistake” and “choked” by moving to dismiss the indictment against former Olympic canoeist David Hearn, Trump told…

Evan Speigel, CEO of Snap, speaks with CNBC on June 16th, 2026.CNBCSnap reported better-than-expected revenue and earnings for the second quarter and issued a forecast for the current period that topped analysts’ estimates. The stock jumped over 10% in extended trading. Here’s how the company did compared with analysts’ expectations:Loss per share: Loss of 10 cents. That figure is not comparable to analysts’ estimates.Revenue: $1.6 billion vs. $1.54 billion expected, according to LSEGGlobal daily active users: 493 million vs. 487 million expected, according to StreetAccountGlobal average revenue per user (ARPU): $3.25 vs. $3.16 expected, according to StreetAccountRevenue in the second…

People watch as the Doris Ocean container ship departs from the Port of Los Angeles, in Los Angeles, May 28, 2026.Mario Tama | Getty ImagesA coalition of 25 Democratic-led states sued the Trump administration Monday, arguing President Donald Trump exceeded his authority by imposing sweeping tariffs on goods from 60 U.S. trading partners.The complaint, filed in the U.S. Court of International Trade, challenges tariffs of 10% or 12.5% on most goods imported from the affected economies, which together, the states say, account for 99.4% of U.S. imports.The states also allege the administration rushed through investigations of 60 economies, bypassed required…