Finance news

Defense: Start-up Destinus aims for billion-dollar IPO

So far, Destinus is mainly known to insiders. The start-up has already agreed on well-known collaborations. The founder speaks exclusively about the plans in the Handelsblatt.

◇ unclassifiedchina · asia

5 arrested after FBI foils drone, sniper plot during White House fight night

US law enforcement on Tuesday said it had foiled a plot to attack the White House during a crowded mixed martial arts event attended by President Donald Trump and other top officials. “Thanks to the rapid action of the FBI, our partners, and the Department of Justice in a multi-state operation, multiple individuals are now in custody and allegedly planned attacks were stopped cold,” FBI Director Kash Patel announced on social media. His post included a caption of a Fox News headline reading:...

For stable contributions: Health insurance companies are demanding even tougher austerity measures from Warken

The aim is to curb ever-increasing costs for medical care. The coalition is planning a controversial austerity package. Now there's more to come - but from whom?

New Wharton forecast puts Social Security trust fund depletion later than official projections

Social Security's retirement trust fund may dry up in February 2033, according to a new report from the Penn Wharton Budget Model shared exclusively with CNBC.

What to know about Cursor, the AI coding startup SpaceX is buying for $60 billion

Newly public SpaceX is taking advantage of a previous agreement that gave it the option to acquire Cursor, whose engineers have already been working closely with the company.

◇ unclassifiedusa · uk · iran

Trump signals he could send details of Iran deal to Congress

The peace deal announced Sunday is meeting lukewarm reactions from Congress, including some allies of President Donald Trump.

Trade Republic, Flatex and Co.: The allocation puzzle at the SpaceX IPO

A number of investors received fewer shares than hoped for in the SpaceX IPO - also because of their choice of broker. What this teaches for the next IPOs.

SpaceX to acquire the AI coding startup Cursor for $60 billion

The deal will help to bolster the company's efforts to compete with rivals like Anthropic and OpenAI, which also offer popular coding tools.

◇ unclassifiedusa · europe

Canada opens negotiations on M-346 trainer aircraft

The news comes as Canada continued to debate whether to finalize a large procurement of F-35 Joint Strike Fighter, or add in a procurement of Saab-made Gripen jets

RIVN vs GOOG? If you had to choose, which would you invest in at current pricing?

I’ve had good 100%+ gains on my GOOG gains this past year. I’m also an adamant believer in Rivian growth, with their new R2 release. Based on today’s pricing and market conditions would you maintain existing GOOG position, or move it to Rivian at current low pricing? Note, I currently have a good size position in RIVN, but wanted to make it bigger. My thinking is that GOOG already dry represents ~6% of S&P500 index ETF, so I have a good level of exposure to it through my ETFs alone… thoughts? su

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◇ unclassifiedusa · europe

EXCLUSIVE: Inside the Army’s efforts to jam its own forces — and what it learned

Breaking Defense embedded with the Army’s red team during the Ivy Mass exercise. The key takeaways will drive tactics and procurement going forward.

FBI says it disrupted alleged plot targeting UFC event at White House

FBI Director Kash Patel said multiple people are in custody after law enforcement disrupted an alleged plot targeting Sunday’s UFC event at the White House.

Social◇ unclassifiedgermany · europe

Care costs, how much would a child have to pay?

Hi, Since the topic of parental care costs has just come up: how much would an unmarried only child without children of their own have to pay? We currently still have the limit of 100,000 euros, roughly 4700 euros net per month. The private additional payment for care is on average 3,500 euros. How much does the child have to pay? Probably (hopefully) not. There would only be 1200 euros left to live on. What is the current deductible? submitted by /u/I3luemchen [link] [comme

Global economy: limits to diversification

Even after the opening of the Strait of Hormuz, mistrust in the safety of the shipping route will not immediately disappear. Looking for alternatives is tempting but time-consuming.

◇ unclassifiedgermany · europe · uk

Economic situation: EU countries agree on structure for new trillion budget

The EU countries want to significantly simplify the structure of their new multi-year budget. But they don't agree at all on how much money it should cover.

Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market

Carvana has bought seven new vehicle franchises since last year that primarily sell Stellantis' Chrysler, Dodge, Jeep and Ram brands.

Video games: According to the citizens' initiative: Brussels wants to talk to the games industry

Almost 1.3 million signatures: A request from video game fans ends up on the table of the EU Commission, which now wants to take action. It's about when games can end.

◇ unclassifiedusa · europe · germany

MBDA advances land version of its naval missile as European strike weapon

Europe lacks long-range strike options that provide deterrence by holding Russian assets at risk, a gap that countries are trying to patch.

This little-known AI stock has beaten Micron and Arm this year, and now it’s extending its lead

Rackspace shares are surging Tuesday following a new deal with AMD.

'Godfather' of options sees SpaceX surpassing Nvidia, Tesla as early trades come in

SpaceX options are officially listed, and they're off to the races.

◇ unclassifiedusa · europe · germany

Rheinmetall pitches shipping container that can spit out swarms of attack drones

One container can hold 18 of the company’s FV-014 munitions, meant to plop out of the container by way of rocket-assisted start.

31d06/16⚠ shipping-routes · 2/5

As Hormuz crisis eases, gas prices may drop—other costs like groceries and home goods could stay high for a while

Oil prices are falling after a tentative agreement to reopen the Strait of Hormuz, but broader relief from higher prices may take time.

◇ unclassifiedmiddle-east · russia · usa

Australian LNG Strike Threatens Global Gas Supply as Qatar Recovery Lags

The ongoing strike action at Australian LNG facilities of Inpex is expected to disrupt operations significantly, a senior official at the Japanese energy firm told Bloomberg on Tuesday. Workers at Inpex’s Ichthys LNG facilities last week voted to escalate the strike action at all three sites to work stoppages of up to 8 hours per day, up from 4 hours previously. “We anticipate imminent disruption to production at both onshore and offshore Ichthys LNG facilities,” Bill Townsend, senior vice presi

◇ unclassifiedchina · asia · usa

Iran war ‘stark wake-up call’ for fossil fuel-dependent Southeast Asia: IEA report

The Iran war has exposed major risks for Southeast Asia that could cost the region billions of dollars, if it does not diversify sources of energy more quickly, according to an International Energy Agency (IEA) report released on Tuesday. An overreliance on oil and gas transported through the Strait of Hormuz left the region particularly vulnerable to shocks from the Iran war, a “stark wake-up call” for its energy security, the report says. It notes that rising sales of electric vehicles, a...

Social◇ unclassifiedsocial-signal

I want to get into cryptocurrency, but my account won’t allow me to purchase crypto directly or through a spot ETF.

So I have a Fidelity custodial account, and I really want to get into cryptocurrency, but my account won’t allow me to purchase crypto directly or through a spot ETF. So that leaves me with the option to after a company like Coinbase or Microstrategy. I’m concerned about microstrategy because I’m concerned about Bitcoin with their lack of quantum resistance, but I feel like they could still come back up at least one more time? And obviously if Bitcoin goes quantum resistant, then that risk is no

31d06/16⚠ war-conflict · 1/5

Fee-only, conflicts and bizarre allocations

What are the conflicts of interest for fee-only advisors? I just started working at a company that sits at an intersection with the financial industry, and I'm trying to get a better understanding of how this works, because a lot of clients have a relationship with these advisors (fee-only). I've already read in the literature that they tend to be more conservative and go for assets that don't fluctuate much, because the firm's cash flow is proportional to the client's AUM. In other words, it'

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Self-driving tech supplier Mobileye targets U.S. robotaxi launch in 2027

Self-driving technology supplier Mobileye Global announced it would launch its own robotaxi service Tuesday.

Energy: Oil prices continue to fall significantly

Since the situation in the Middle East has eased, crude oil prices have been on the decline. The price of a barrel of Brent oil falls below $80.

Survey: Fund managers are becoming more cautious about stocks – but only a little

Institutional investors are no longer investing quite as much in stocks as they did a month ago. However, fears of major setbacks are only evident in one region.