Author: Daniel snow

[ad_1] Investors don’t seem to give much credence to claims that cost overruns will give President Trump justification to oust Fed Chair Powell. [ad_2] Source link

[ad_1] An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023.Rocket LabRocket Lab stock soared 8% Monday, building on a strong run fueled by space innovation.Shares of the space infrastructure company have nearly doubled over the last two months following a slew of successful launches and a deal with the European Union. The stock is up 63% year to date after surging nearly sixfold in 2024.Last month, Rocket Lab announced a partnership with the European Space Agency to launch satellites for constellation navigation before December. Rocket Lab also announced the successful launch of its…

[ad_1] Amazon CEO Andy Jassy attends the Allen & Company Sun Valley Conference on July 9, 2025, in Sun Valley, Idaho.Kevin Dietsch | Getty ImagesAmazon’s cloud unit said Monday that it has released a preview of Kiro, a program developers can use to write code with help from artificial intelligence.In a post on X, Amazon CEO Andy Jassy said Kiro “has a chance to transform how developers build software.”The introduction comes days after Google said it is hiring staffers of AI coding software startup Windsurf as part of a $2.4 billion technology licensing deal. Google said it plans to make…

[ad_1] A view of the Pentagon on December 13, 2024, in Washington, DC. Home to the US Defense Department, the Pentagon is one of the world’s largest office buildings.Daniel Slim | Afp | Getty ImagesThe U.S. Department of Defense on Monday said it’s granting contract awards of up to $200 million for artificial intelligence development at Anthropic, Google, OpenAI and xAI.The DoD’s Chief Digital and Artificial Intelligence Office said the awards will help the agency accelerate its adoption of “advanced AI capabilities to address critical national security challenges.” The companies will work to develop AI agents across several mission areas…

[ad_1] The Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington. David Ryder | Getty ImagesStarbucks corporate employees will have to return to the office four days a week starting in October, the company announced on Monday.For workers who would prefer to leave the company instead of heading back to the office for an additional day, Starbucks is offering a “one-time voluntary exit program with a cash payment,” CEO Brian Niccol said in a letter to employees.”We understand not everyone will agree with this approach,” Niccol wrote in the announcement. “We’ve listened and thought carefully.…

[ad_1] U.S. President Donald Trump, flanked by Vice President JD Vance and U.S. Secretary of State Marco Rubio, meets with NATO Secretary General Mark Rutte in the Oval Office at the White House in Washington, D.C., U.S., July 14, 2025.Nathan Howard | ReutersPresident Donald Trump on Monday threatened to impose “secondary tariffs” on Russia’s trade partners “at about 100%” if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days.”We’re very, very unhappy with them, and we’re going to be doing very severe tariffs, if you don’t have a deal in 50…

[ad_1] Jim Cramer on Monday brushed off Morgan Stanley’s downgrade of CrowdStrike , viewing the cybersecurity giant’s recent dip as a potential buying opportunity. “Morgan Stanley may downgrade this but I want to get in on the downgrade and get in on the discount,” Cramer said Monday during the Investing Club’s Morning Meeting. Shares of CrowdStrike dipped nearly 2% in the premarket Monday but stabilized by midday, trading at roughly $477 apiece. Morgan Stanley took CrowdStrike to equal weight from buy-equivalent overweight, while slightly increasing its price target on the stock to $495 from $490. After a 50% stock rise…

[ad_1] ‘We have the capital from our business to do this,’ Zuckerberg said on Threads. [ad_2] Source link

[ad_1] White House economic advisor Kevin Hassett speculated Monday that new tariff policies are not yet sparking widespread price inflation because President Donald Trump has convinced more people to buy American.”There’s, I think, a lot of patriotism in the data,” Hassett said on CNBC’s “Squawk Box” when he was asked to explain why Trump’s protectionist policies have not stoked higher prices, despite warnings by many economists.The National Economic Council director pointed to a recent White House report, which found prices of imported goods fell between December and May.”My theory, as an economist, of why that is, is that Americans, because…

[ad_1] U.S. markets have seemed to “keep calm and carry on” this year to date — despite dramatic policy changes that may have delayed impacts on the economy, according to David Kelly, chief global strategist at J.P. Morgan Asset Management. [ad_2] Source link