Reported 13 days ago
German electric aircraft startup Lilium, which shut down a year ago, has seen its patent assets acquired by Archer Aviation for €18 million. Despite previous attempts to restructure, Lilium’s technology, particularly in electric vertical takeoff and landing systems, will enhance Archer’s patent portfolio as it expands its focus beyond air taxis into new applications, including defense.
Source: YAHOO
Reported 13 days ago
The number of Americans filing new jobless claims decreased to 217,000 last week, according to estimates by JPMorgan and Goldman Sachs, although unchanged hiring levels have left many still receiving unemployment benefits. Despite the ongoing U.S. government shutdown halting official data collection, economists have utilized available state data to estimate the claims. Concerns persist regarding the labor market, with layoffs and hiring remaining low, as noted by Federal Reserve officials ahead of their policy meeting.
Source: YAHOO
Reported 13 days ago
US stocks rose on Friday as President Trump alleviated fears regarding escalating tariffs on China, leading to a recovery in regional bank stocks after a difficult week. The Dow Jones, S&P 500, and Nasdaq all ended the week higher, with respective gains of over 0.5%. Despite concerns about credit quality and a potential government shutdown, optimism was fueled by positive earnings reports from regional banks, which helped ease investor jitters.
Source: YAHOO
Reported 13 days ago
Argentina's push to capitalize on its vast shale reserves in Vaca Muerta, following President Javier Milei's deregulatory reforms, is complicated by falling oil prices, rising costs, and infrastructure deficits. Although production has increased, the country's energy independence remains fragile, reliant on both U.S. financial support and the successful completion of essential pipeline projects. If political instability continues, Argentina risks stalling its energy ambitions, threatening investor confidence in its oil sector.
Source: YAHOO
Reported 13 days ago
Morgan Housel advises couples nearing retirement to avoid chasing risky investment returns. Instead, he suggests lowering expectations and focusing on endurance in investments, advocating for a simple portfolio built on four pillars: house, cash, index funds, and steady contributions. He emphasizes the importance of patience and consistency over chasing fleeting market trends, highlighting that true wealth comes from sound financial planning that ensures peace of mind, rather than high-risk gambles.
Source: YAHOO
Reported 13 days ago
Railway Metrics and Dynamics (RMD) has secured a contract with the Swedish Transport Administration to provide precision positioning services for railway vehicles, valued at approximately Skr10.5 million ($1.11 million) annually. This agreement allows for continuous real-time positioning data from locomotives across Sweden, enhancing operational safety and response times in railway traffic management. The contract extends until December 31, 2030, with potential for a two-year extension, and facilitates easier access for train operators through a rental process.
Source: YAHOO
Reported 13 days ago
KPIT Technologies has raised its ownership in Swiss gaming company N-Dream from 26% to nearly 90%, enhancing its position in the software-defined vehicle market. N-Dream, known for its AirConsole platform that allows passengers to use smartphones as controllers for in-car gaming, will continue to operate independently while aiming to expand its offerings to include broader in-cabin digital experiences. The company's leadership will remain intact, ensuring continuity in its innovative approach.
Source: YAHOO
Reported 13 days ago
AstraZeneca has announced a $445 million expansion of its manufacturing facility in Coppell, Texas, which will double the production of its hyperkalaemia treatment, Lokelma. The project includes a new 9,000 square foot building and upgrades to drug testing laboratories, to meet the growing demand for the treatment. This expansion is part of a larger commitment from AstraZeneca to enhance its manufacturing capabilities in the U.S., aiming for a total investment of $50 billion by 2030.
Source: YAHOO
Reported 13 days ago
During a recent event in the Oval Office, President Trump announced that his administration has reached an agreement aimed at reducing beef prices for consumers. Although he did not provide specific details about the federal initiative, he acknowledged beef as an area where inflation efforts had not been as effective, and suggested that prices would decrease soon. This announcement follows discussions with Argentinian President Javier Milei regarding trade and the importance of Argentine beef imports.
Source: YAHOO
Reported 13 days ago
The White House is expected to announce a five-year extension allowing US automakers to reduce tariffs on imported car parts, following significant lobbying from companies like Ford and General Motors. This move aims to alleviate the financial burdens faced due to previous tariffs imposed by President Trump, which have increased costs for the industry. The announcement could come soon, potentially providing a much-needed boost to the auto sector.
Source: YAHOO
Reported 13 days ago
President Trump has reached a deal with Germany's Merck KGaA to lower the prices of fertility medications, including a significant discount on IVF treatment costs, in exchange for easing tariff threats. The partnership will see Merck provide its IVF therapies through Trump's direct consumer platform, TrumpRX, while boosting US manufacturing. This agreement aims to alleviate the high expenses typically borne by couples undergoing fertility treatments, which can exceed $15,000 per cycle.
Source: YAHOO
Reported 13 days ago
Source: WSJ
Reported 13 days ago
Investing in high-yield S&P 500 stocks has become increasingly challenging, as evidenced by the SPDR S&P 500 High Dividend Portfolio ETF (SPYD), which focuses on the highest-yielding stocks in the index. Despite an impressive yield of 4.5% compared to the S&P 500's low-1% range, many of these stocks are underperforming. Analysis shows that only a few have solid long-term growth potential, while the majority fail to inspire confidence, leaving investors cautious about their ability to deliver both income and capital appreciation.
Source: YAHOO
Reported 13 days ago
Meta Platforms is poised to finalize a financing agreement worth nearly $30 billion for a data center in rural Louisiana, marking the largest private capital deal to date. The company, alongside Blue Owl Capital, will co-own the Hyperion site, while Morgan Stanley orchestrated the financing package. Meta will oversee the project's development, set to be completed by 2029, as it expands its AI infrastructure capabilities.
Source: YAHOO
Reported 13 days ago
The announcement of the U.S. Army's Janus Program, which aims to deploy portable microreactors by 2028, has led to a sell-off in nuclear stocks, likely due to profit-taking after a recent surge in prices. Despite the military's push for innovative nuclear technology, shares of various companies like Oklo Inc. and Centrus Energy saw significant declines. The nuclear sector, however, remains under scrutiny as concerns about potential overheating rise amid high valuations and the development stage of many companies in the field.
Source: YAHOO
Reported 13 days ago
The New York State Public Service Commission has approved a new underground transmission line connecting the Clay substation to Micron Technology's planned semiconductor megafab in Onondaga County. This two-mile, 345-kilovolt line is essential for Micron’s historic $100 billion investment, which is projected to create over 50,000 jobs, including 9,000 direct roles at the facility. Governor Kathy Hochul stated that this project will significantly transform Central New York and follows a prior agreement selecting the region for advanced manufacturing.
Source: YAHOO
Reported 13 days ago
As the government shutdown extends with no end in sight, major economic reports due for October have been missed, raising concerns among economists about a potential data blackout. Experts fear that if the shutdown continues, it may result in a complete absence of job and unemployment data for the first time in decades. This lack of critical information could lead to misguided economic decisions, complicating the Federal Reserve's efforts to assess the economy's health and set policy appropriately.
Source: YAHOO
Reported 13 days ago
On Thursday, regional bank stocks declined sharply after Zions Bancorp announced a $50 million write-off due to fraudulent loans, raising fears about lax lending standards. Following recent bankruptcies in the auto sector, investors are worried about potential credit losses across financial institutions. With bank lending to non-bank financial entities growing rapidly, the risks associated with this lending path may further strain the financial system.
Source: YAHOO
Reported 13 days ago
CSX experienced a 22% drop in third quarter profits, leading investors to focus on the strategic direction under new CEO Steve Angel, who aims to enhance the company's performance. Angel hinted at the potential for future mergers but emphasized the importance of running the company effectively in the meantime. Despite recent setbacks from construction and repairs, CSX improved its operational efficiency, achieving faster train speeds and maintaining a high on-time shipment rate.
Source: YAHOO
Reported 13 days ago
Meta has reportedly acquired an Apple executive responsible for AI-driven web search, raising questions about Apple's competitiveness in the AI sector. The move highlights a trend of executives leaving Apple for better pay in rival tech firms, prompting concerns about the impact on Apple's Siri and broader AI capabilities. While current iPhone and Mac sales may not be significantly affected, ongoing advancements in AI by competitors could challenge Apple's market position.
Source: YAHOO
Reported 13 days ago
Ke Yang, who recently led Apple's AI search initiative, is leaving the company to join Meta, intensifying the competition for AI talent in Silicon Valley. This move comes shortly after Yang's appointment to head a key team for Siri's overhaul, highlighting Meta's aggressive hiring strategy to bolster its AI capabilities against rivals like OpenAI and Google.
Source: YAHOO
Reported 13 days ago
In September, e-commerce prices saw a year-over-year rise of 0.8%, marking the first increase in nearly two years according to Signifyd. This upward trend in online pricing may signal tougher times for bargain shoppers as retailers face rising costs due to tariffs and narrowing profit margins. With the job market cooling, consumers are likely to spend less during the holiday season, potentially leading to fewer discounts from merchants.
Source: YAHOO
Reported 13 days ago
CSX (CSX) announced Q3 earnings of $0.44 per share, surpassing predictions of $0.42, although it marked a decline from $0.46 per share last year. The company generated $3.59 billion in revenue, slightly below the Zacks Consensus Estimate. Despite a strong earnings surprise of +4.76%, CSX's stock underperformed the market this year, and future performance may hinge on management’s insights during the earnings call. The stock currently holds a Zacks Rank #4 (Sell), indicating expected underperformance in the near term.
Source: YAHOO
Reported 13 days ago
Ron Conway, a prominent venture capitalist and board member of the Salesforce Foundation, has resigned following CEO Marc Benioff’s supportive remarks about deploying National Guard troops in San Francisco to address crime and homelessness. Conway expressed disappointment over Benioff's comments, stating he no longer recognizes the person he admired for years. This resignation highlights a growing ideological rift between the two long-time friends, as many tech leaders shift political allegiances.
Source: YAHOO
Reported 13 days ago
US stock markets slumped on October 16, 2025, with the Dow Jones dropping about 300 points due to ongoing worries regarding the US-China trade tensions and significant loan losses reported by regional banks like Zions Bancorporation and Western Alliance. The Nasdaq Composite fell 0.5% while the S&P 500 dropped 0.6%. Amidst this downturn, investors turned to bonds, leading to a decrease in 10-year Treasury yields, and gold surged above $4,300 per ounce, marking a new record.
Source: YAHOO