Author: Arabian Media staff
Retirees may be able to change their minds on receiving Social Security benefits, but there are stipulations. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk’s xAI is launching a $300mn share sale that values the group at $113bn, as the world’s richest man returns to his business empire and the race to develop artificial intelligence.The deal will allow staff to sell shares to new investors, according to people close to the situation, validating the pricetag struck when Musk’s xAI start-up acquired his social media service X in March.The secondary stock offering, known as a tender offer, is expected to be followed by a larger investment…
Chinese cloud providers have been big buyers of U.S. artificial-intelligence hardware. Jefferies analysts are upbeat that the trend can continue despite trade-war pressures. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK will need to spend around £68bn to prepare its armed forces for modern warfare, a long-awaited strategic defence review suggests, laying bare the spending pressures on Sir Keir Starmer’s government.The review of weapons the UK will need to wage a sustained war against a rival nation recommends a greater use of drones, autonomous vehicles and AI technology that will turn the British soldier into a “digital warfighter.”However, it also argues the UK needs to spend significant sums on big-ticket items…
JPMorgan Chase & Co.’s chief executive, Jamie Dimon, came out on Monday with another warning about the bond market that some observers said could prompt more investors to look around the world and at other asset classes for protection. Source link
Boeing’s stock could rise 25%, BofA analysts said, as the aerospace and defense giant works to break out of its “doom loop.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Marks and Spencer chief executive Stuart Machin received total pay of more than £7mn in the last financial year, a bumper reward ahead of an expected drop in his earnings after April’s devastating cyber attack on the retailer. Machin, who has led M&S since 2022, received a 39 per cent jump in total pay to £7.1mn in the 12 months to the end of March, according to the company’s annual report published on Monday. His package included £894,000 in base pay and…
Tesla’s sales have been under pressure in Europe, even after the rollout of a souped-up Model Y. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe dollar slid towards a three-year low and US government bonds came under pressure on Monday as weak manufacturing data combined with growing warnings over the sustainability of the country’s debt pile to unnerve investors.The dollar was down 0.7 per cent against a basket of its trading partners, taking it close to the three-year low it hit in the wake of Trump’s “liberation day” tariff blitz in early March. The blue-chip S&P 500 index was down 0.3 per cent by…
If you’re looking to refinance your home equity line of credit (HELOC), a new HELOC, a home equity loan, or a new first mortgage may be a good option. These options may make sense if your HELOC is close to the end of its draw period and about to enter its repayment period. Below, we explain how these refinance options work as well as the pros and cons of each. Key Takeaways Consider refinancing your HELOC to manage the repayments of your HELOC.You can refinance your existing HELOC with a new one, a home equity loan, or a new first…