Trump administration to invest $3 billion in minerals projects to boost U.S. defense supply chains
The White House needs critical minerals to replenish weapons stockpiles depleted during the Iran conflict and reduce U.S. dependence on Chinese supply chains.
Inside the startup drone maker powering Ukraine’s deep-strike campaign
Fire Point CEO Iryna Terekh says Ukraine has “learned the hard way” that military leverage is integral to to bringing diplomacy within reach.
Orbitworks’ first satellite tests Abu Dhabi’s space manufacturing ambitions
Abu Dhabi-based Orbitworks is preparing its first satellite for launch as it seeks to establish a commercial satellite manufacturing business in the UAE.
‘SaaSpocalypse’ debate intensifies as software stocks swing wildly
This week saw massive moves in both directions for software stocks, as investors try to figure out which names are best insulated from artificial intelligence.
Trump revives effort to fire Fed’s Lisa Cook
Trump aide Dan Scavino told Cook there is “sufficient reason to believe that you made false statements on one or more mortgage agreements.”
Burger King overtakes Wendy’s as the nation’s second-largest burger chain
Burger King is once again the second-largest burger chain in the U.S. by system-wide sales.
Berkshire earnings may prove stock is cheap. And that Abel and Buffett think so too
Berkshire may have repurchased roughly $8.5 billion of its own stock from April 15 through July 14, according to UBS.
Chesky says Airbnb will spend ‘a lot more’ on AI as earnings beat and stock surges 15%
Airbnb CEO Brian Chesky wasn’t sure AI would help the company, but a year later, he says it’s the reason growth is back.
Gulf uncertainty is creating ‘win, win’ strategy with Chevron and other oil majors
With options premiums still elevated due to the military conflict in the Gulf, selling puts on an energy major posting record free cash flow offers a rare opportunity.
Bank of America says bullishness highest since 2021. So it’s time to bail on ‘risk assets’
The high level of investor bullishness is a signal to retreat from risk assets and rotate towards less vulnerable investments, the bank said.
