Finance news

Uber president says AI spending is getting ‘harder to justify’

After reportedly exhausting its annual AI budget just four months into 2026, Uber is now questioning whether it’s actually seeing meaningful returns on its investments. In an interview with Rapid Response, Uber president and chief operating officer Andrew Macdonald said the company isn’t seeing a connection between rising token consumption for Claude Code and more useful features being delivered to consumers. ... “We’re going to have to start talking about [AI] token consumption and the associat

My portfolio strategy and optimizing for FIRE

Hey folks, how would you allocate my income to achieve FIRE eventually? Situation Overview: I'm currently employed full-time at a great company. My salary is around $4000 net. Savings: 1. ⁠About $9000 saved 2. ⁠5.6 ETH (remains the same) - current value around $11k, honestly, I'm really thinking about cashing out and moving it to BTC. 3. ⁠RSU from the company $15k (vests the end of June) 4. ⁠Annual bonus be $6k 5. ⁠ESPP $7k right now+$3k at the end of June (contribution already deducted from net

Turkey’s defense industry is leaning into autonomy and targeting Gulf markets

Middle East Bureau Chief Agnes Helou shares what she learned at Turkey’s SAHA defense expo.

!!! NASDAQ and S&P changing seasoning and profitability requirements to manipulate index funds into buying massive IPOs

Traditionally, the major indices have all required a company to have traded publicly for a 1 year seasoning period before listing them on the index. This gives the market time to evaluate a company's stock and allow its price to stabilize after IPO before entering the index. NASDAQ has already reduced its seasoning period to just 15 TRADING DAYS (!!!) and S&P is set to follow by shortening their seasoning period down to six months effective June 8. Additionally, S&P is seeking to remove its requ

Where is all this money coming from pumping the stock market?

Ok, might sound like a bit of a silly question. Although I’m genuinely curious as from where all this money is flowing into the stock market? Is there some tracker or overview that traces the flow of cash from bonds, crypto, creation of debt, savings accounts, etc into the stock market. At the time of COVID it kinda made some ‘sense’ as the printer sang his brrt brrt harmony, but now wazzup!? submitted by /u/billenbloot [link] [comments]

In cyber race against China, CYBERCOM bets on ‘quality over quantity’

Rep. Don Bacon sounded the alarm to Breaking Defense about China’s purported 10:1 workforce advantage when it comes to “offensive” cyber operations.

Suez, Panama canals charge for transit — why can't Hormuz?

Iran has been widely condemned for demanding up to $2 million for vessels to ship through the Strait of Hormuz. DW explores the reasons why Egypt can charge for the Suez Canal and Panama for its waterway, but Iran can't.

Lithuania to buy Patria armored vehicles, eyes local industry share

A contract is expected to be signed with the Finnish producer in 2027.

Federal Reserve Board issues enforcement actions with former employee of Atlantic Union Bank and former employee of Frost Bank

Federal Reserve Board issues enforcement actions with former employee of Atlantic Union Bank and former employee of Frost Bank

Penalty against Temu: Online trading cannot breathe a sigh of relief

The EU Commission imposes a fine on Temu. Good this way. But that alone doesn't help retailers like Otto.

Austal USA names new president

Austal USA announced in February that Gene Miller was serving as interim president.

Ukraine to buy 20 new Gripen jets, Sweden to donate older jets sooner

“We need these jets, and for us this is really a new page for Ukraine,” Zelenskyy said.

After delivery of first tanks to Norway, EuroTrophy looks to wider European future

“This procurement of Leopard tanks to Norway came at the right timing with the rebuilding of German armed forces and their tank fleet and we could join with KNDS and [the] German and Norwegian government[s] to create the new baseline of the Leopard,” EuroTrophy Managing Director Dan Kalfus told Breaking Defense.

US Strikes Iran Military Targets Near Hormuz

The U.S. carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz, highlighting the fragility of recent diplomatic momentum.

Real kilometer costs after 11.5 years of Hyundai i20

Today I sold the vehicle that was mainly used by my wife. We had bought it as a daily registration since January 2015. She drove 118,000km with it. I put together all the costs that I have available and also included items that are often forgotten. Overall, the result is the following: Vehicle Hyundai i20 (2014) Fifa worldcup Gold Edition * Purchase price 11,800 euros * Selling price 2,690 euros * Costs of inspections 2,434.60 euros * Costs of additional work

Ships Desert Hormuz amid Fresh US Strikes

Tensions spiked following a second round of U.S. strikes against Iranian military targets this week.

Economy and distribution: Wages are rising significantly – social spending is rising even more

Employee wages are rising by more than four percent, which is faster than prices. Social spending is growing even faster - which is also due to rising unemployment.

SEFE to Book Its First LNG Supply from Canada

Ksi Lisims LNG signed a preliminary agreement to supply 1 million metric tons per annum of liquefied natural gas for up to 20 years to the German state-owned power and gas utility.

EU countries should use cohesion money to curb energy costs, says Fitto

Cohesion policy can provide 'vital support' in responding to the latest geopolitical shocks, Fitto wrote to capitals

Kallas Demands Russia Withdraw Troops From Georgia and Moldova for EU Peace

submitted by /u/Any-Original-6113 [link] [comments]

Germany’s defense minister makes rare personal pitch for submarine deal in Ottawa

“Canada opting for the 212CD would mean to consistently and sustainably pursue the transatlantic path towards closer integration of our economies.”

Monumental Energy Raises $2.2MM in Share Offering

Part of the proceeds will fund additional oil and gas workover wells in New Zealand.

DIU ups Hermeus contract for high-speed drone

A recent award from the Defense Innovation Unit raises a total contract ceiling to $219 million, and will further develop Hermeus’ Quarterhorse drone to release payloads at speeds “up to and including Mach 3,” CEO Zach Shore told Breaking Defense.

US troops are reportedly being targeted using location data, Pentagon says

U.S. forces deployed to war zones have been targeted using commercially available location data, according to reports fielded by military officials.

How would you invest €15,000?

As the title suggests, how would you invest €15,000 today? submitted by /u/Nervous-Coyote196 [link] [comments]

Ukraine to acquire up to 20 Gripen fighter jets, on track to receive batch of older models

In a statement announcing both moves, Stockholm said that Kyiv “plans to allocate” €2.5 billion ($2.9 billion) from the European Union’s Ukraine Support Loan to fund the package for the more modern Gripen combat aircraft.

EU probes Chinese giant JD.com’s bid for Germany Ceconomy

The latest European Union probe to hit a Chinese firm comes as Brussels debates toughening its stance towards Beijing

Pembina Approves New NGL Extraction Plant Project

The Calgary-based midstream company decided to proceed with a new straddle plant project to extract natural gas liquids through its existing rights on the Yellowhead Pipeline.

Meeting of 29-30 April 2026

NOG Enters Canada with Duvernay Acquisition from Parallax

Minnesota-based Northern Oil and Gas signed a deal to buy a 25 percent stake in light-oil assets in the Duvernay shale from Parallax for an initial price of around $259 million, marking its entry into Canada.