Finance news

How Keir Starmer will be replaced as UK PM and will anyone stand against Burnham?

British Prime Minister Keir Starmer conceded on Monday that he had lost the support of his rank-and-file Labour Party members in Parliament and that he will step down once his successor as party leader is chosen, possibly as soon as the middle of July. Andy Burnham, the former mayor of Greater Manchester whose resounding victory in a special UK election last week set in motion Starmer’s resignation, has confirmed he will put himself forward to be his successor. Burnham is seen as the...

Trump criticises UK’s Starmer after PM announces resignation

US President Donald Trump criticised outgoing British Prime Minister Keir Starmer on Monday after the Labour leader announced he would resign, saying he had “really hurt himself” over energy, immigration and his handling of relations with Washington. “I think he’s a lovely man,” Trump told reporters at an Oval Office event, before accusing Starmer of mishandling Britain’s energy policy by failing to exploit North Sea oil and allowing “windmills all over the place”. “The UK buys much of its...

A major chip index has doubled this year despite Nvidia ranking dead last

“Nvidia has gotten so large that its ability to beat expectations has gotten much smaller,” an analyst says.

Nvidia's stock struggles as Kalshi traders bet chip prices are coming down

Shares of Nvidia have been faltering recently — and Kalshi traders predict that what the company can charge for chips is also declining.

$LTRN reminding investors about BIO2026 participation tomorrow!

Lantern Pharma just posted a reminder that CEO Panna Sharma will participate in tomorrow’s BIO2026 executive roundtable hosted by Polsinelli. What caught my attention is that management is actively promoting the event instead of quietly attending. At a $50M market cap, Lantern is trying to position itself at the intersection of: Precision oncology AI-driven drug development RADR / withZeta Not suggesting news is coming. But if management believes these platforms are meaningful value drivers, BIO

China expo draws Nvidia, Apple, Micron as Beijing guards AI supply chain

Porsche: Porsche boss is planning with fewer variants: “Our portfolio has become too complex”

Michael Leiters will apparently announce new cost-cutting measures at the sports car manufacturer's general meeting on Tuesday. However, Porsche is set to expand its offering for certain models.

Who is Andy Burnham? And 4 other things investors should know as the UK replaces its prime minister

Keir Starmer’s exit puts Andy Burnham, gilts, sterling and the next UK chancellor in focus for investors.

Alphabet paces for worst day in a year on AI concerns after high-profile exits

Google parent Alphabet has seen consecutive high-profile artificial intelligence researchers leave.

Army picks Anduril to lead Next Gen C2 common data layer baseline

The company had been prototyping the “full stack” with 4th Infantry Division over the last year.

Can anyone join Musk in the trillionaire club? Zuckerberg has best shot, according to prediction markets

The Meta CEO is seen as next to join the Tesla and SpaceX CEO. Nvidia CEO Jensen Huang is seen as the second-most-likely.

Super Micro’s stock is seeing its best run in a year thanks to Nvidia partnership

Super Micro shares were leading the S&P 500’s gainers on Monday.

US Army tests autonomous boats during Philippine exercise

Autonomous boats helped escort a U.S. Army vessel during a military exercise, in a demonstration of how uncrewed assets are changing maritime operations.

Armament as a growth market: Vodafone is entering the defense business

The telecommunications company wants to be more involved in armaments - and Germany plays an important role in this. Secure communication for police and emergency services or mobile communications for the US Army are said to have been just the beginning.

Kyiv’s drone leverage moved the US. Moscow could be next, a top Ukrainian official says.

After years of needing Western weapons, Kyiv is approaching negotiations with battlefield tech the U.S. now wants — and a possible ceasefire looming.

As Europe rearms, can it decouple its military supply chains from China?

Europe’s defence industry would gradually reduce its reliance on China during the continent’s ongoing rearmament drive, rather than decouple completely, analysts said. On Wednesday, during the Group of Seven summit in Evian-les-Bains, France, the leaders of France, Germany, the UK, Italy, the US, Canada and Japan signed a declaration on securing supply chains for critical minerals. Without naming China, the leaders agreed to “significantly reduce” their dependency on a “single supplier outside..

Comment: Andy Burnham must dare to return home to Europe

Six prime ministers in ten years – the kingdom is still stuck in its self-inflicted Brexit trap. Does Starmer's possible successor have the courage to draw the right conclusions from this?

Frozen Iranian assets could be used to buy US soybeans in ‘classic Trump deal’: Vance

Iran should use funds unlocked by Washington to buy US agricultural products, according to Vice-President J.D. Vance, who said on Monday it would help feed the country’s population while making American farmers richer. Iran has not indicated whether it would accept the terms. Vance credited US President Donald Trump’s son-in-law Jared Kushner with the idea, which he described as a “very, very good, and very classic Trump deal”. The White House is seeking export markets outside China ahead of the

What's the deal with that ETF that 3 companies make 52% of it? - IUIT - S&P 500 Capped 35/20 Information Technology

I was looking for some IT ETF and came across IUIT. I was a bit shocked when I checked holdings, top 3 are: NVIDIA Corp. 22.37% Apple 16.84% Microsoft 14.37% What's the deal with that ETF that they decided to go so heavily with those 3 companies? What makes it even more confusing is that Google isn't even in top 10 (was not checking if it's included in that ETF at all). What am I missing here, as so far it is probably the weirdest ETF I saw. Thanks in advance for some clarification. submitted by

Pharmaceutical industry: Abbvie acquires biotech company Apogee for $10.9 billion

With its largest acquisition in more than five years, Abbvie is strengthening its own drug pipeline. By purchasing the company, the pharmaceutical company is securing access to several active ingredients.

Var Energi Realigns Stakes offshore Norway

Var Energi signed agreements to acquire Pandion Energy's remaining interests offshore Norway, swap stakes with DNO and farm down its operated Goliat and Fenja fields.

What is your goal when investing in stocks/ETFs/others?

I'm basically having an early mid-life crisis. ​ I earn €3000 net and have around 1/3 of this money freely available. The 2/3 includes everything you can plan for (inspection, TÜV, birthday and Christmas presents for your girlfriend, subscriptions, living, etc.) ​ The 1/3 are really “over”. Of the 1000-1100€ I save 200€ a month for vacations, 200€ I give myself for leisure activities (although these usually amount to 100€), 500€ go into an ETF and the rest

Australian public cooling on Trump’s US while thawing on China, survey finds

Australian trust in the United States has hit a record low, while the public mood towards China has warmed for the fourth year in a row, according to a new opinion poll. In an unprecedented shift, 51 per cent of those surveyed said the country’s relationship with China was more important than that with the US, compared with 45 per cent who said America should take priority. Only 31 per cent of those questioned in the Lowy Institute’s annual poll said they trusted the US to act responsibly in the

Pharma: AbbVie swallows biotech company Apogee for $10.9 billion

With the acquisition of Apogee Therapeutics, AbbVie is strengthening its immunology portfolio and focusing on new growth drivers.

Can China’s latest air-to-air missile take on its US equivalent? Definitely maybe, experts say.

The PL-16’s specs would let it chase large, slower-moving aircraft, one analyst said, though its effectiveness against smaller, faster planes is unclear.

Big Tech is splitting into two artificial-intelligence camps. Here is the better bet.

Why tech giants such as Alphabet and Microsoft are the safer choice in the AI race.

British Prime Minister: Keir Starmer announces resignation

The entry of his biggest rival into parliament costs Prime Minister Keir Starmer his office. The Labor leader had already moved from one crisis to the next in recent months.

Great Britain: Keir Starmer announces retirement as Prime Minister – “King of the North” wants to be his successor

Starmer is stepping down after just two years at the helm. He joins a list of failed prime ministers after Brexit. Manchester's mayor wants to inherit him.

Starmer says he’s resigning as U.K. prime minister. Here’s what it means for markets.

Analysts expect borrowing costs in the U.K. to rise in the longer term if Andy Burnham takes over as leader of the Labour Party.

Resignation of Keir Starmer: Britain's new Prime Minister? Will probably be “soft left”

Andy Burnham is likely to become Britain's next prime minister, believes Ulrich Hoppe, head of the Chamber of Foreign Trade in London. What does that mean for the economy?