AI drone maker hits $6.4 billion valuation as Ukraine war spurs defense tech
AI drone maker Tekever on Wednesday said it had hit a $6.4 billion valuation, as Europe races to rearm amid the Ukraine war and mounting threats from Russia.
Finance & markets
Texas turning blue may hinge on Democrats harnessing data center opposition
TEXAS — Mason McCallister said it was an act of God that sent him down a gravel road near his home in Bells, Texas, one Sunday last December.
UK economic outlook brighter as new government measures will boost growth, says OECD – business live
Oil prices fall for a sixth day in their longest losing streak in over a year, as Saudi Arabia reportedly restarts its east-west pipeline and amid hopes for progress in US-Iran talks
Fed's Collins warns inflation could be 'notably' higher after backing rate hike
Boston Federal Reserve President Susan Collins has warned that there is "an increased likelihood" that inflation will stay "notably" above the Federal Reserve's 2% target.
Iran says Trump’s threats a sign of ‘strategic desperation,’ floats conditions for Hormuz reopening
Iran's military on Wednesday described U.S. President Donald Trump's threats to annihilate Tehran as "a sign of strategic desperation," warning the country stands ready to inflict strikes "more crushing" than earlier in…
Oil Slips for a 5th Day as Nasdaq Rips in FOMO Fashion
Tuesday offered enough relief on that front. But the bigger point is still in plain sight: oil remains roughly 50% higher than a year ago, and nearly half of the US inflation overshoot can be traced to elevated energy a…
Zelenskyy says Ukraine ready for ‘energy ceasefire’, calls for trilateral meeting with Putin, Trump
Ukrainian President Volodymyr Zelenskyy has called on U.S. President Donald Trump to organize a trilateral meeting with Russian President Vladimir Putin, saying the world leaders need to move "as quickly as possible" to…
Semiconductor Rally Faces Crosscurrents From FX and Credit
The S&P 500 finished the day flat, while the Nasdaq gained around 80 bps. It is hard to say that today was much different from what we have seen in recent weeks.
DOJ defends Trump ban of 3 news outlets, says White House access is a 'privilege — not a right'
The U.S. Department of Justice late Tuesday evening urged a federal judge not to block President Donald Trump's total ban of three news outlets from the White House, saying, "Access to the White House is a privilege — n…
Abacus Global director Matthew Ganovsky sells $674,349 in stock
Abacus Global Management, Inc. (NYSE:ABX - Get Free Report) major shareholder Matthew Ganovsky sold 24,000 shares of the stock in a transaction on Friday, September 18th. The shares were sold at an average price of $8.7…
Spain shares higher at close of trade; IBEX 35 up 0.41%
U.S. equities traded higher on Friday, led by a 100-point gain in the Dow Jones Industrial Average. The broader market showed mixed signals as technology stocks slipped while communication services rallied.
Stocks Settle Mixed as Chipmakers Climb and Financial Stocks Fall
The S&P 500 Index ($SPX) (SPY) closed unchanged on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.82%. December E-mini S&P futures (ESZ…
Cathie Wood’s ARK sells Alphabet stock, buys Rocket Lab
Talk of SpaceX going public is sending the stocks of its partners and investors soaring. After multiple outlets reported earlier this month that SpaceX could pursue an IPO as soon as next year, The Wall Street Journal r…
Oil falls after U.S. and Iran talk for hours at UN meeting
Oil fell Wednesday, amid optimism that supply disruptions would ease following U.S.-Iran talks, which raised hopes of a diplomatic solution to the conflict in the Middle East.
Qantas to start selling tickets next year for its New York to Sydney nonstop flight
Qantas Airways plans to start selling seats on its first nonstop between New York and Sydney next August, with flights set to launch in 2028, as the Australian carrier fills out the details for another marathon route wi…
Sugar Prices Finish Higher as Rain Slows Brazil’s Sugar Harvest
October NY world sugar #11 (SBV26) closed up +0.11 (+0.63%) on Tuesday, and December London ICE white sugar #5 (SWZ26) closed up +0.40 (+0.08%).
Stocks Settle Mixed as Chipmakers Climb and Financial Stocks Fall
The S&P 500 Index ($SPX) (SPY) closed unchanged on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.82%. December E-mini S&P futures (ESZ…
‘It doesn’t seem fair’: I’m retired and have plenty of money. Why can’t I qualify for a retail credit card?
“I draw from my IRA as needed for household repairs, trips and other larger expenses.”
South Korean solar stocks jump as curbs on Chinese sector expected to remain in place
Shares of South Korean solar companies Hanwha Solutions and OCI Holdings jumped more than 8% on Wednesday, as U.S. restrictions on Chinese solar products came into focus ahead of the Trump-Xi summit.
CFTC says prediction markets' 'mentions' contracts present a higher risk of manipulation
The Commodity Futures Trading Commission advised some of its regulated entities on Tuesday that prediction markets' "mentions" contracts are at greater risk of manipulation.
Royal Caribbean nears $3 billion deal to take 50% equity stake in Sandals
Royal Caribbean is nearing a $3 billion deal to take a 50% equity stake in Sandals, according to a person familiar with the matter.
U.S. regulators rush to write crypto rulebook after Clarity Act stalls in Senate
State and federal regulators are rushing to fill the void in U.S. cryptocurrency regulation after the Clarity Act, a comprehensive set of proposed rules for digital assets, stalled in the Senate.
Trump administration is examining whether a diesel export ban is feasible, Treasury Secretary says
The Trump administration is looking at whether a diesel export ban would help ease record high prices for the critical fuel, Treasury Secretary Scott Bessent said Tuesday.
Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock Crosses Above 10% Yield Territory
In trading on Tuesday, shares of Chimera Investment Corp's 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRC) were yielding above the 10% mark based on its quarterly dividend (…