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News
Thiel, Andreessen-backed Defense Startup Promises Cheap Missiles as US Rebuilds Arsenal
3+ day, 1+ hour ago (353+ words) Covenant says its factories will be capable of producing 1,000 missiles each next year, with the goal of scaling up to 5,000 missiles a year. A new defense startup has exited stealth mode … and is waging a price blitzkrieg on traditional weapons-makers....
Your Client’s Big Tech Company Just IPO’d. Now What?
3+ day, 1+ hour ago (373+ words) These transitions are huge benefits to employees and their portfolios, but they come with complexity that requires sophisticated planning Wanna take some of this off my hands? SpaceX’s June IPO made thousands of current and former employees overnight millionaires. Anthropic…...
Google Invests $15 Billion on Data Center Buildout in ‘Texas of Europe’
3+ day, 1+ hour ago (392+ words) AI hyperscalers are increasingly dedicating much of their record AI capital spending to EU- and UK-based infrastructure. Think of it as a different kind of data center freeze. A massive surge in AI and data center investments mirroring those in…...
ASML Inks Advanced EUV Lithography Deals With Chip Titans TSMC, Samsung
4+ day, 1+ hour ago (357+ words) Barclays analysts called the announcement a “positive” for High NA EUV machines, which are viewed as crucial to ASML’s revenue growth. The world’s two biggest chipmakers have seen the (ultraviolet) light. ASML, whose machines print microscopic circuit patterns on silicon…...
Advisors Grow Their Tech Stacks as Clients Demand More
5+ day, 1+ hour ago (378+ words) They’re increasingly considering new portfolio tax optimization and estate planning tools as the bar for sophisticated advice goes higher. To borrow from Apple’s famous slogan of the late aughts, there’s an app for that. Or at least, there’s wealth management…...
Foldable Phones Are Back, and They’re Bringing Bad News to Your Billfold
5+ day, 1+ hour ago (447+ words) Samsung and Huawei dominate market share for foldable phones, but their reach in general is significantly smaller in the US. Anyone who rocked a hot pink Motorola Razr in the 2000s knows folding phones are nothing new. If you didn’t live…...
Battered Oracle May Be Poised for Rally as Investors Renew Software Bets
6+ day, 1+ hour ago (451+ words) Oracle stock is down 18.5% this year and ratings agency S&P Global downgraded the company’s credit rating to one notch above junk status. Shares in Oracle have tumbled 18.5% this year and, in July, ratings agency S&P Global downgraded the…...
Say Hello to the New CEO. Where Will John Ternus Lead Apple?
1+ week, 1+ hour ago (1391+ words) New Apple CEO John Ternus can leverage Steve Jobs’ legacy of design elegance and Tim Cook’s emphasis on premium pricing. What’s his next step? The black turtlenecks and blue jeans. The Zen Buddhist influence, the “fruitarianism,” the cars with no…...
NASA Taps Blue Origin for $700 Million Mars Contract, Further Diversifying From SpaceX
1+ week, 3+ day ago (442+ words) In the planet-spanning battle of the billionaire space entrepreneurs, Jeff Bezos just got a major win. This week, NASA announced the selection of Bezos’ Blue Origin to develop the Mars Telecommunications Network, which will provide high-bandwidth communications and navigation services…...
Uber, Waymo and Tesla Speed Toward Driverless Future
1+ week, 3+ day ago (361+ words) Goldman Sachs estimates that the total number of robotaxis on the road will increase from around 7,000 last year to 1 million by 2030 The Cybercab in the mirror has never been quite as close as Elon Musk invariably made it out to…...