Since 2020, Power has raised $220 million for Hadrian, a largely autonomous factory that mass-produces parts for space and defense companies. While Hadrian has produced parts for major defense companies, it had to turn away some defense tech startups because startups have to rapidly iterate on product designs, meaning they need one hyper-specific part today and another design tomorrow. Hadrian, which was last publicly valued at $275 million, would have to constantly set up entirely new production lines, ruining the point of using its hyper-efficient automated factory.

The defense tech acquisition spree has begun: Autonomous factory startup Hadrian acquires Datum Source

Japan is offloading billions of dollars in US Treasuries as it fights to prop up its currency. New numbers from the US Treasury Department show Japan sold $22 billion in Treasury securities in May, reducing its holdings to $1.1283 trillion. The move marks the second month in a row that...

Japan Dumps $22,000,000,000 in US Treasuries in One Month As Government Mounts Billion-Dollar Battle To Prop Up Currency

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Golden Gate Media

Cisco Systems announced Wednesday that it will lay off 7% of its workforce, marking the second round of significant job cuts for the San Jose-based tech giant this year. The move, detailed in a filing with the Securities and Exchange Commission, is expected to impact at least 5,500 employees, following the company’s previous reduction of around 4,000 jobs in February.

California tech giant to slash 7% of its workforce impacting thousands of workers

24/7 Wall St.

Big Data is big business. According to platform provider Edge Delta, the market for data services is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028 — an increase of 82.2%. Palantir Technologies Inc. (NYSE: PLTR) is a major player in the space. The company was co-founded by entrepreneur and venture capitalist […]
The post Palantir Technologies (PLTR) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..

Palantir Technologies (PLTR) Price Prediction and Forecast 2025-2030

Covington, GA

The Associated Press

SANTA CLARA, Calif.--(BUSINESS WIRE)--Aug 8, 2024-- Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the second quarter ended June 30, 2024. The Company issued a shareholder letter discussing those results, as well as its third quarter 2024 estimates. The shareholder letter may be accessed on the Company’s investor relations website here. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808890164/en/ Recent photo of Archer’s high-volume manufacturing facility in Covington, GA (Photo: Business Wire)

Archer Announces Key Terms Of Contract Manufacturing Relationship With Stellantis–Representing Up To ~$400M To Help Scale Midnight Production To 650 Aircraft Annually–Secures $230M In Additional Equity Capital From Strategic & Institutional Investors

Reuters

NEW YORK (Reuters) - Sharpie pen maker Newell Brands is moving some production of kitchen appliances out of China and has relocated manufacturing for its writing business to Tennessee as it faces "uncertainty" on tariffs ahead of the U.S. presidential election, Newell CEO Chris Peterson said in an interview with Reuters.

Sharpie-maker Newell moves more operations from China as tariffs loom

TheStreet

The tech-heavy Nasdaq Composite index has gained 10% year to date.

Cathie Wood buys $28 million of battered tech stock

U.S. industrial production fell sharply in July, the Federal Reserve said Thursday, pointing to a larger-than-expected impact from Hurricane Beryl. The news is likely to add to calls for the Fed to cut its key lending rate from a two-decade high next month as its long-running campaign against inflation continues to percolate through to the broader economy.

US Industrial Production Contracts Sharply in July

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Cisco announced a restructuring plan which involves cutting its global staff of 90,400 by 7 per cent, a loss of more than 6,300 jobs, while CEO Chuck Robbins (pictured) explained a move to bring its networking, security and collaboration teams under one umbrella. The company stated in a US Securities...

Cisco cuts 7% of staff, realigns portfolio

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Las Vegas, NV

Bellingham Metro News

LAS VEGAS, NEVADA - A magnitude 4.4 earthquake struck areas near Las Vegas on Tuesday night, according to the United States Geological Service (USGS). The quake, which occurred at 8:06 p.m., was centered approximately 45 minutes from Las Vegas, near Indian Springs.

Magnitude 4.4 Earthquake Shakes Areas Near Las Vegas

The Federal Reserve released a report on Thursday showing industrial production in the U.S. fell by much more than expected in the month of July. The report said industrial production decreased by 0.6 percent in July after rising by a downwardly revised 0.3 percent in June. Economists had expected industrial...

U.S. Industrial Production Decreases 0.6% In July, Much More Than Expected

Mediaite

The stock tumble came the day after the company’s earning report on Friday revealed only $836,900 in revenue for the company valued at over $4.5 billion
The post Trump’s Net Worth Tumbles As Media Company’s Stock Drops Amid Anemic Earnings Report And Posts On X first appeared on Mediaite.

Trump’s Net Worth Tumbles As Media Company’s Stock Drops Amid Anemic Earnings Report And Posts On X

NEW YORK (Reuters) - The World Bank issued a $225 million, principal-protected nine-year bond linked to reforestation in the Amazon, the global lender said on Tuesday, calling it the biggest outcome bond it has ever priced.

World Bank prices $225 million bond linked to Amazon reforestation

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Check out how high XRP can pump following the latest Ripple v SEC court ruling (according to some prominent analysts). XRP’s price jumped by 20%, reaching over $0.60 after a court ruled Ripple must pay a $125 million fine, far less than the SEC’s $2 billion demand. The...

How High Can Ripple’s (XRP) Price Go After the $125 Million Fine? (Top Analyst Predictions)

Texas State

No further specifics were given, but these schemes typically involve fraudsters tricking employees at a company — often in finance or with access to the executive suite — into initiating a bank transfer of company funds to a bank account controlled by the fraudsters. These schemes can involve the hacking of email accounts used by executives to send fraudulent instructions to staff on their behalf, or even use deepfakes in efforts to trick unsuspecting employees into transferring funds.

Texas firm says it lost $60M in a bank wire transfer scam

GOBankingRates

Is your dream vacation abroad about to get cheaper? Or is your international investment portfolio in for a wild ride? Buckle up, folks, because some major global currencies might be headed for a...

7 International Currencies Expected To Plummet in Value by the End of 2025

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

NewsBreak

Lockheed Martin to buy satellite maker Terran Orbital in $450M deal

The defense giant will buy Terran for $0.25 per share and retire its existing debt. Lockheed, which holds a 28.3% stake in Terran Orbital, strategically invested...

Lockheed Martin to buy satellite maker Terran Orbital in $450M deal

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