The new European robotics unicorn: German RobCo reaches a valuation of $1 billion – TFN
Munich-based RobCo surpassed a billion-dollar valuation through a secondary sale of shares to its employees, doubling its valuation in just nine months. Existing investors including Sequoia, Lightspeed, Greenfield, Kindred, Lingotto and Promus Ventures…
Affordability gap for first-time buyers widens as costs rise
WASHINGTON — With rising house prices outpacing incomes, many first-time buyers are not earning enough to afford their first home. The latest data from the National Association of Realtors showed that the monthly mortgage payment for a typical first home…
Nike CEO May Have Just Admitted The Company Got Too Woke As Stock Hits 12-Year Low
The Nike CEO’s memo to his employees was 860 words long. But here are the 33 that caught the eye: “Over the past year, we’ve put sports at the center of everything we do. We’re seeing encouraging signs of progress, but we still…
Why airfares are rising while airline profits are falling
Gasoline prices are displayed at a Shell gas station as a plane approaches San Diego International Airport in California, April 24, 2026. Kevin Carter | Getty Images Volatile fuel prices and resilient travel demand threaten to keep airfares high this…
Nvidia’s $6 trillion milestone looms. Here’s When Options Traders See It Happen
There is a simple reason why Nasdaq-100 Index closed at new records on Friday: the largest company in the world achieved its first record since May. Nvidiawhich represents 13% of the Nasdaq and 8% of the S&P 500 Indexadded 1.3% on Friday, ending…
GM announces the arrival of hybrid vehicles: “We are not deaf”
2024 Chevrolet Corvette E-Ray hybrid sports car General manager DETROIT — General engines plans to introduce hybrid models to its U.S. lineup as vehicle sales continue to grow amid inflated gasoline prices and a decline in fully electric cars. Mike…
Accept ‘bad things’ in exchange for AI benefits, says Sam Altman | OpenAI
Sam Altman believes the world should accept the “bad things” that happen with AI in exchange for the benefits of the technology. OpenAI’s chief executive cited hacks, scams and “other bad things that are going to happen” in an interview…
Bond turmoil means it’s time for the ECB to suspend QT
Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. The writer is a former member of the executive board of the European Central Bank and former president of Société…
Qualcomm to pay Huawei for the first time in 5G and AI patent breakthrough
Huawei crackdown Mobile chipmakers’ licensing deal will require approval from U.S. regulators Huawei first paid for licenses to Qualcomm patents in 2001. A new cross-licensing agreement, if approved, will make Qualcomm the net payer for the first…
Anthropic set to go public despite market uncertainty and AI slowdown calls
new York — Wall Street is bracing for Anthropic’s IPO, a major test of investor appetite for one of the AI industry’s leading companies. Just a few weeks ago, its CEO called for an industry-wide slowdown due to growing safety concerns. The…