Reported about 13 hours ago
At TechCrunch Disrupt 2025, Mach Industries' founder Ethan Thornton discusses the integration of AI in defense, highlighting the startup's mission to create decentralized technologies that enhance global security. With a focus on the critical role of AI startups in national defense, Thornton explores the implications of autonomous systems and dual-use technologies, emphasizing the need for a rethink of foundational strategies in a rapidly evolving geopolitical landscape.
Source: YAHOO
Reported about 13 hours ago
In a fluctuating midday market, Workday shares surged following a $2 billion investment from Elliott Investment Management, while Lyft's stock climbed sharply after Waymo announced a new robotaxi service in Nashville. On the contrary, Uber's shares fell, and Nvidia experienced a decline due to a report about China's block on its AI chip sales. Additionally, Alibaba's stock rose as China Unicom planned to buy its AI semiconductors.
Source: YAHOO
Reported about 13 hours ago
Elon Musk has requested employees at his xAI company to submit a one-page summary of their accomplishments over the past month, as well as their goals for the upcoming month. This request follows a history of Musk asking employees across various companies for similar reports, with a focus on aligning contributions to potential rewards. Though the purpose of this latest request isn't clear, it comes amid recent layoffs at xAI and Musk's ongoing adjustments to the company's controversial AI chatbot, Grok.
Source: YAHOO
Reported about 13 hours ago
As the Federal Reserve prepares to cut interest rates, experts suggest that U.S. equities and various ETFs can be advantageous investments. Marissa Ansell from Goldman Sachs Asset Management highlights strategies such as shifting from cash to ultra-short bond ETFs, focusing on income-generating equity ETFs, and exploring small-cap stocks, which may benefit most from the rate cuts. With a potential 25 basis point reduction expected, these strategies can help investors optimize their portfolios in the changing financial landscape.
Source: YAHOO
Reported about 13 hours ago
The U.S. Securities and Exchange Commission (SEC) is set to vote on a potential policy shift that would permit companies going public to require shareholders to resolve disputes through private arbitration instead of court litigation. This change, which critics argue could diminish investor rights, follows ongoing complaints from corporate groups about shareholder class action lawsuits. Consumer advocates warn that such a move could hinder accountability and limit the legal recourse for small investors.
Source: YAHOO
Reported about 13 hours ago
Investors are increasingly optimistic about Asia's emerging market equities as expectations of further monetary easing from central banks outweigh domestic political risks. With a dovish Federal Reserve providing space for Asian central banks to implement rate cuts, countries like Indonesia, Thailand, and the Philippines have already made reductions in response to slowing growth. Despite political challenges, equities in the region are seeing strong performance, particularly in Southeast Asia, with experts highlighting India's growth potential and South Korea's initiatives to enhance shareholder value.
Source: YAHOO
Reported about 16 hours ago
The Fed's dot plot is a crucial quarterly chart that displays the interest rate projections of 19 Federal Reserve officials, providing valuable insights for investors and policymakers. Each dot represents an anonymous forecast for future rates, with the latest projections indicating a potential for two rate cuts by the end of 2025, despite some officials suggesting rates may remain unchanged. Released four times a year, the dot plot helps contextualize economic forecasts on growth, inflation, and unemployment, even as it faces criticism for potentially misleading interpretations.
Source: YAHOO
Reported about 16 hours ago
Nvidia CEO Jensen Huang has expressed disappointment regarding the strict restrictions imposed on the company's ability to sell chips to China due to ongoing U.S.-China trade tensions. During a media briefing ahead of a meeting with President Trump, Huang highlighted the significance of China in the AI market and emphasized Nvidia's commitment to navigate the geopolitical landscape while expressing understanding towards the larger agendas at play between the two nations.
Source: YAHOO
Reported about 16 hours ago
Ukraine and the U.S. International Development Finance Corporation have announced a joint investment fund, with each committing $75 million as part of a minerals deal. This initiative aims to support Ukraine's reconstruction and enhance U.S. supply chains for natural resources.
Source: YAHOO
Reported about 16 hours ago
As markets prepare for a crucial Federal Reserve decision, analysts predict a strong likelihood of a 25 basis point rate cut amid a challenging economic landscape marked by weak job figures and enduring inflation. Senator Elizabeth Warren expresses concerns about stagflation and emphasizes the detrimental effects of economic instability created during Donald Trump's presidency, advocating for rate cuts but acknowledging the current economic struggles.
Source: YAHOO
Reported about 16 hours ago
Chip startup Groq has raised $750 million, more than doubling its valuation to $6.9 billion, as investors increasingly back AI chip technology. Founded by a former Alphabet engineer, Groq specializes in AI inference chips and has attracted major investments from firms like Disruptive and Blackrock. The company aims to optimize AI infrastructure in response to the growing demand for high-speed, low-cost solutions in the AI sector.
Source: YAHOO
Reported about 16 hours ago
The UK's Financial Conduct Authority (FCA) has proposed exempting crypto firms from key integrity regulations to enhance competitiveness in the digital asset market. The proposal, set amidst the UK's collaboration with the US on crypto regulations, aims to simplify standards for crypto trading platforms while maintaining customer protection against poor business practices. The FCA seeks feedback on potential rules, including consumer duty and access to compensation services, for the growing number of crypto investors in Britain, which has increased from 4% to 12% in recent years.
Source: YAHOO
Reported about 16 hours ago
Amazon is set to invest more than $1 billion to increase pay and lower healthcare costs for its U.S. fulfillment and transportation employees. This move will raise the average total compensation to over $30 an hour, with hourly wages increasing to more than $23 and full-time employees seeing an average annual pay rise of $1,600. Additionally, starting in 2026, the company's entry-level health care plan will reduce weekly contributions by 34%, making costs $5 per week and $5 for co-pays. This comes after previous protests from workers over treatment and conditions at its facilities.
Source: YAHOO
Reported about 17 hours ago
As investors prepare for the Federal Reserve's interest rate decision today, stock futures remain steady amid expectations of a possible rate cut. China has reportedly instructed local companies to halt purchases of Nvidia chips, while Meta Platforms is set to unveil its AI glasses at a developer conference. Additionally, StubHub is making a public debut on the NYSE after successfully raising $800 million in its IPO.
Source: YAHOO
Reported about 17 hours ago
Rithm Capital has announced its agreement to acquire real estate investment trust Paramount Group for $1.6 billion, betting on a rebound in the office sector. Priced at $6.60 per share, the acquisition reflects a 10.7% discount to Paramount's recent stock price. As the U.S. office market faces challenges from rising interest rates and remote work, Rithm aims to enhance its commercial real estate and asset management platform with this deal, which is pending shareholder approval and is expected to finalize by the end of the fourth quarter.
Source: YAHOO
Reported about 17 hours ago
Jon Cunliffe, a former deputy governor of the Bank of England, has raised concerns that President Donald Trump's administration may threaten to disrupt payment systems of U.S. allies as a form of diplomatic pressure. He noted that countries depend heavily on U.S. payment networks like Visa and Mastercard, making them vulnerable to potential U.S. financial policies. Cunliffe drew parallels between this situation and concerns regarding the 'kill switch' capabilities of U.S. military technology, emphasizing a growing reluctance among nations to engage with U.S. financial systems.
Source: YAHOO
Reported about 17 hours ago
The review compares Apple's latest iPhone models, highlighting the stylish yet slim iPhone Air and the more robust iPhone 17 and its Pro variants. While the iPhone Air offers aesthetic appeal, it compromises on battery life and camera functionality compared to the other models. The iPhone 17 family boasts enhanced battery performance and camera capabilities, making it a more practical choice for users who prioritize function over form. Ultimately, the decision rests on whether one values style or practicality in their smartphone.
Source: YAHOO
Reported about 17 hours ago
Bank of America announced an increase in its minimum hourly wage to $25, fulfilling a commitment made in 2021. This marks a 67% rise in minimum pay since 2018, helping full-time employees earn over $50,000 annually. The adjustment arrives amid a challenging U.S. labor market, where lower-income households are particularly struggling. The increased wage will be effective in early October for all full-time and part-time hourly positions.
Source: YAHOO
Reported about 17 hours ago
President Trump has suggested that companies should report their earnings every six months instead of quarterly, arguing that it would reduce costs and allow management to focus on business operations. While proponents highlight the benefits of fewer filings and reduced pressure, critics warn that such a change could lead to less timely information for investors, potentially disadvantaging smaller investors and complicating fundraising efforts. The proposal is under consideration by the SEC, and reactions from investors and studies on the impact of reporting frequency are expected to shape the ongoing debate.
Source: YAHOO
Reported about 17 hours ago
Manchester United has reported a net loss for the sixth consecutive year, with a £33 million deficit for the year ending June 30, an improvement from last year's £113.2 million loss. The club forecasts a decrease in revenue for the upcoming fiscal year, attributed to ongoing financial challenges despite cost-cutting measures. With new spending regulations in the Premier League and an absence from European competitions, the club's financial situation remains under scrutiny as inconsistent performance on the pitch further frustrates fans.
Source: YAHOO
Reported about 17 hours ago
StubHub在其首次公开募股中筹集了8亿美元，成功实现第三次上市尝试，发行了3400万股，定价为每股23.50美元。此次交易的定价使StubHub的估值约为88亿美元，并计划在纽约证券交易所以“STUB”股票代码开始交易。尽管近期IPO市场回暖，StubHub上一次尝试上市却因市场波动而被迫撤回。
Source: YAHOO
Reported about 18 hours ago
Just four months after supporting Blacksmith's seed round, Google Ventures has committed $10 million in a Series A funding to the developer tool startup, driven by its rapid growth and innovative offerings that enhance code deployment efficiency. Since its founding in January 2024, Blacksmith has scaled its annual recurring revenue from $1 million to $3.5 million with over 700 customers by leveraging high-performance computing solutions, positioning itself as a powerful alternative to existing CI/CD platforms.
Source: YAHOO
Reported about 18 hours ago
Sonair has created a 3D ultrasonic sensor to enhance the safety of robots operating in human environments. This innovative ADAR sensor uses high-frequency sound to provide robots with a three-dimensional understanding of their surroundings, offering a more reliable alternative to traditional LIDAR technology. With strong demand from the robotics and industrial safety sectors, Sonair aims to scale up adoption of its sensors and recently secured $6 million in funding to support its growth.
Source: YAHOO
Reported about 20 hours ago
The UK has decided to pause discussions with the US regarding the removal of tariffs on British steel, acknowledging that honoring Trump with a state visit hasn't influenced his trade stance. British officials now expect the steel tariff to remain at 25%, disappointing local companies that had anticipated a complete elimination. Despite Trump's indication of potential concessions in trade discussions, the failure to resolve the steel tariff issue has raised concerns about the diplomatic outcomes of the visit amid ongoing criticism of the UK government's strategy.
Source: YAHOO
Reported about 20 hours ago
India's Adani Group is set to double the capacity of the $840 million Colombo West International Terminal months ahead of its February 2027 deadline, despite withdrawing $553 million in U.S. funding. The fully automated terminal, which opened its first phase in April, is expected to handle 3.2 million containers annually upon completion of the final phase by late 2026, significantly enhancing Colombo's port throughput. The project reflects Sri Lanka's strategic importance amid geopolitical competition in the Indian Ocean.
Source: YAHOO