Author: Arabian Media staff
President Donald Trump’s unveiling of a $175 billion plan to build a massive missile-defense system, a project viewed as ambitious in both its timeline and budget, boosted defense stocks on Wednesday. Source link
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.OpenAI has agreed to acquire former Apple design chief Sir Jony Ive’s hardware start-up io for $6.4bn in a bet on alternatives to the smartphone as the dominant device to access AI.The ChatGPT maker has paid $5bn for full ownership of io, in an all-equity deal. It already had a 23 per cent stake. The 55 employees working at io will join OpenAI, but Ive will not become an employee, according to people close to the deal.Ive, the designer behind many of…
One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spain plans to give companies significantly more flexibility over when they can launch their initial public offerings, in a bid to prevent listings being scuppered at the last minute by political shocks, wars or market sell-offs.Companies in Spain currently have five days for their shares to start trading once they have completed their listing preparations and received regulatory approval. However, the market regulator and the BME, which owns Spain’s stock exchanges, plans to extend that period to 18 months in order to…
Nvidia’s stock has been a favorite for some time, but two other semiconductor companies recently cracked Goldman’s list of popular hedge-fund holdings. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe writer is the author of ‘Chip War’Donald Trump’s dealmaking tour of the Middle East last week saw the sales of Boeing aircraft, the signing of defence contracts and the announcement of oil investments. But the most significant decision may be to allow hundreds of thousands of AI chips to flow to the region. The US will now allow Nvidia to sell 500,000 AI chips per year to the UAE, according to media reports, while at least 18,000 will be…
Continued worries about the U.S. fiscal outlook triggered another selloff in long-dated U.S. government debt as of Wednesday morning, pushing the yield on the 30-year bond back above 5% for the second time this week in what may turn out to be a problematic development for stocks. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Cyber attacks take longer to fix, and are more of a distraction, than bosses of afflicted companies tend to think at the outset. That’s what fellow chief executives have told Stuart Machin of Marks and Spencer, now four weeks into an attack that will cost it £300mn or around 30 per cent of last year’s operating profit. What’s bad for hack victims is good for technology providers, because it encourages spending on cyber security. More than four in 10 businesses reported security breaches…
Most Gen Xers, or people in their 40s and 50s who are approaching retirement, worry more about running out of money than death, according to a 2025 Study from Allianz. Seven out of ten Gen Xers are more afraid of running out of money in their lifetimes than dying compared to two-thirds of millennials and 61% of baby boomers, many of whom may already be retired. Factors contributing to this fear are high inflation, concerns that Social Security will be inadequate, and high taxes. Key Takeaways 70% of Gen Xers, 66% of millennials, and 61% of baby boomers fear running…
UnitedHealth’s stock was falling Wednesday after HSBC turned bearish, even as the insurer dismissed a report that it paid nursing homes not to transfer residents to hospitals. Source link