Anduril CEO says it's bad to IPO in ‘middle of a hype cycle’
Anduril CEO Brian Schimpf said the defense tech company is in no hurry to go public given the current market conditions.
Tuesday, 22 September 2026
Independent coverage of global markets, trade and finance
Anduril CEO Brian Schimpf said the defense tech company is in no hurry to go public given the current market conditions.
Palo Alto Networks CEO Nikesh Arora warned that token costs need to drop as much as 90% to promote large-scale artificial intelligence adoption.
The major indices are higher at midday. Chip stocks are up and that's lifting the mood on Wall Street, this while investors wait to see what happens with the Iran and U.S. ceasefire. Crude oil is at $72 per barrel, the …
July 9 (Reuters) - A group of newspapers including the New York Times and New York Daily News asked a federal court in Manhattan on Thursday to sanction OpenAI in their high-stakes copyright dispute for allegedly lyin…
Wheat is showing slightly mixed trade on Thursday, with Chicago holding higher. The wheat complex closed the midweek session with weakness across the three markets. Chicago SRW contracts closed with Wednesday losses of …
AES Corp., based in Arlington, Virginia, is an independent global power company. In addition, the company owns three regulated utilities in the U.S. It generates approximately 32,000 megawatts of electricity. AES has op…
The soy market faded on Friday as beans went into the weekend with 12 3/4 to 20 1/2 cent losses. The August contract was pushed the hardest before the delivery period. November closed the week as a net 19 1/4 cent loss.…
Anthropic on Thursday announced that it has appointed Ben Bernanke, the former chair of the Federal Reserve, to its Long-Term Benefit Trust, the company's independent governance structure that advises the company and ap…
High mortgage rates coupled with record-high prices are causing homebuyers to pull back.
Kevin and Janeen Seguin decided it was time for a change of scene. And as fully remote workers for Utah-based Intermountain Health, they had every option in the world.
For most of 2026, Intel (NASDAQ: INTC) was the comeback story of the chip sector. The stock had more than tripled on the belief that its new 18A manufacturing process would finally put the company back on the leading ed…
Debt financing for AI-related needs — be it for data center construction or general liquidity amid aggressive spending — is accelerating in 2026, testing the limits of investor demand. July already has featured a $25 bi…
South Korea's $576 billion AI initiative sent VRT surging 9.1%, adding $11 billion in market value without a single company-specific announcement.
Tesla posts 381x trailing earnings and a 47% net income drop while Ford trades at 8x forward earnings with a 4.5% dividend yield.
Three months after unveiling its first artificial intelligence model under the leadership of AI chief Alexandr Wang, Meta is rolling out a major update as it attempts to compete with OpenAI and Anthropic in critical are…
Hawaii has some built in disadvantages in just about any state competitiveness ranking. Its location makes almost everything expensive. Its size limits development. And many of the usual measures of infrastructure don't…
Jacob Funds, a mutual fund company, released its first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The recent quarter began against the backdrop of the war in the Middle East and concerns …
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A pair of major mandates totaling $70 billion in retirement assets — one from Verizon Communications and one from Lockheed Martin — will be handled by Goldman Sachs, the firm disclosed Thursday, marking one of the more …
Closely followed investor Michael Burry says he's placing bets against prediction markets such as Kalshi and Polymarket, which he expects to be curbed by regulations.
Quick insight: The Magnificent Seven stocks are now trading at their cheapest valuation relative to the S&P 500 (^GSPC) in more than a decade, according to Morgan Stanley.
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Corn prices are down 2 to 4 cents early on Thursday. Futures fell back on Wednesday after rallying nearly 40 cents off the lows last week, with contracts down 3 to 8 ¾ cents at the close. Open interest was down 3,588 co…