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Honeywell’s Quantinuum valued at $17.6 billion as shares rise in Nasdaq debut
June 4 : Shares of Quantinuum rose 13.3 per cent in their Nasdaq debut, fetching a valuation of $17.63 billion as Honeywell’s quantum computing company became the latest to benefit from robust investor demand.The stock opened at $68, compared with its IPO price of $60. Breakthroughs in the fast-growing
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Fed’s Daly says AI is not for now driving inflation up or down
June 4 : San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is “not a pressing issue” for monetary policy which operates on a 12-month horizon. Daly, at a Bloomberg Tech event in San Francisco,
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Monaco favourite Leclerc wary of Mercedes threat despite Ferrari gains
MONACO, June 4 : Ferrari driver Charles Leclerc insists Mercedes will still be the team to beat at this weekend’s Monaco Grand Prix despite him being favourite to end their domination on his boyhood streets.”I think we are in a better place. I mean, if there’s one track I would bet on us, it’s probably…
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MotoGP riders are ‘nuts’, says F1 leader Antonelli
MONACO, June 4 : Hurling an F1 car around Monaco’s fabled street circuit at speeds in excess of 300kph, centimetres away from a calamitous meeting with an unforgiving metal barrier, takes nerves of ice.But for championship leader Kimi Antonelli, he would take that risk any day ahead of racing a motorcycle.
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Ex-Trump adviser Bolton to plead guilty in classified documents case, faces US$2.25 million fine
WASHINGTON: John Bolton, a prominent critic of US President Donald Trump who once served as his national security adviser, plans to plead guilty to mishandling classified documents and will pay a US$2.25 million fine as part of a deal with federal prosecutors, three sources said on Thursday (Jun 4).
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Liverpool appoint former Bournemouth coach Iraola as manager
June 4 : Former Bournemouth boss Andoni Iraola will take over as Liverpool’s manager on a two-year deal, the Premier League club said on Thursday.“You don’t need a lot of things to get attracted by Liverpool. Liverpool is Liverpool,” Iraola said in a statement.“But obviously the atmosphere, the
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Neymar skips Cleveland trip with Brazil as he continues recovery
June 4 : Neymar will not travel to Cleveland for Brazil’s World Cup warm-up match against Egypt on Saturday as he continues to receive intensive treatment for a calf injury, the Brazilian Football Confederation (CBF) said on Thursday.”Neymar will not travel with the delegation to Cleveland,” the CBF said in a
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Slighted market sectors get their time to shine — plus, Costco keeps packing them in
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
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UN nuclear watchdog raises ‘proliferation’ fears over Iran sites
UNITED NATIONS: The UN nuclear agency reaffirmed in a confidential report seen by AFP on Thursday (Jun 4) that a lack of access to Iran’s nuclear material posed a “proliferation concern” and called on Teheran to act “constructively”.The International Atomic Energy Agency (IAEA) has not see
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Ships stranded in Persian Gulf quietly coordinate with U.S. Navy to exit Hormuz
Clashes erupted between the U.S. and Iran over commercial ships earlier this week.
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