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Two grim realities are keeping the K-shaped economy alive

The prongs of the K-shaped economy are being propped up by two dreary economic realities: lower earners are getting hit harder by inflation, and left behind by blockbuster stock market gains. Loading audio narration… A new analysis from the Federal Reserve Bank of New York looks at how the US…

British forces are getting new high-speed interceptor missiles to defend against Iranian Shahed drones

British forces will soon be armed with new high-speed interceptor missiles that are designed to defend against Iranian Shahed-style attack drones. Loading audio narration… “Skyhammer” interceptor missiles and launchers were successfully tested in Jordan, the UK defense ministry announced on Friday. The development comes as Western militaries seek out cost-effective air defenses to engage cheap but deadly attack drones.The Skyhammer system is produced by Cambridge Aerospace, a UK-based startup. The UK government last month signed…

Finance news

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Why Big Tech’s 0 billion AI splurge is misleading

Big Tech’s AI spending is surging, though not necessarily because companies are building significantly more capacity. Loading audio narration… This week, industry executives pointed to the same underlying issue: sharply rising component costs, especially for memory chips, are inflating capital expenditures spent on data centers and other equipment.”We are increasing…

Business

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Sergey Brin reportedly confronted Newsom about leaving CA over wealth tax

An exclusive holiday gathering just north of San Francisco reportedly turned into a stomach-churning fiscal nightmare for California Gov. Gavin Newsom. Back in December, Newsom and Google co-founder Sergey Brin attended the same “treehouse party” hosted by crypto investor Chris Larsen. It was there, according to a Bloomberg report, that…

Markets

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Investing

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