Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield.Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesEuropean defense technology startup Helsing on Tuesday said that it’s raised 600 million euros ($693.6 million) in a bumper new round of funding.The investment was led by Prima Materia, the venture capital firm founded by Spotify CEO Daniel Ek and by Shakil Khan, an early investor in the popular music streaming app. Ek is also chairman of Helsing.Existing investors Lightspeed Venture Partners, Accel, Plural, General Catalyst and Saab also put money in, alongside new investors BDT &…
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The Chase Sapphire Lounge at LaGuardia Airport, accessible only to Sapphire Reserve customers.Benji Stawski / CNBCJPMorgan Chase is betting that a long list of new perks will keep affluent Americans hooked on its Sapphire Reserve card, despite a hefty bump in its annual fee.The bank on Tuesday unveiled an update to its premium credit card, which will now carry a $795 annual fee. That is a 45% jump from its previous level and the card issuer’s largest price increase for the Sapphire since its 2016 launch.But JPMorgan says users will now get more than $2,700 in annual benefits when the…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in defense. They are also exploring the value trade while navigating geopolitical uncertainty from Middle East tensions. Worldwide Exchange pick: RTX Kevin Simpson of Capital Wealth Planning said defense stock RTX is a solid buy because of the conflict between Israel and Iran as well as its current valuation. “This is a 17 [price-to-earnings] multiple, so good value with a growth component. [It] pays a 2% dividend so…
Check out the companies making headlines before the bell. Solar stocks — Companies in the space got battered as the Senate’s version of President Trump’s tax bill would phase out renewable energy incentives . Shares of Enphase Energy dropped 20%, while First Solar and Sunrun slid 16% and 36%, respectively. SolarEdge Technologies pulled back 30%. Verve Therapeutics — Shares rallied 77% in the premarket after the gene editing company agreed to be acquired by Eli Lilly for $10.50 per share, a premium of 67.5% on the company’s last close. The deal, which is worth up to $1.3 billion, is expected…
US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Trump is returning to the White House after attending a MAGA, Inc. dinner at the Trump National Golf Club Washington, DC. Alex Wroblewski | AFP | Getty ImagesThe Trump Organization’s newly-announced smartphone will likely be made in China, experts say, despite claims that the device will be manufactured in the U.S.Owned by U.S. President Donald Trump, the company on Monday announced the T1, a gold-colored device which it said would retail for $499. The smartphone will run…
US President Donald Trump (L) shakes hands with British Prime Minister Keir Starmer as they speak to reporters after meeting during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada on June 16, 2025. Brendan Smialowski | Afp | Getty ImagesPresident Donald Trump’s mercurial nature and leadership style has often left global heads of state at a loss as to how to find favor with the U.S. leader, but the U.K. appears to have struck on a magic formula when it comes to winning over Trump.Not only was the U.K. first to sign…
Gildan Activewear could be a winner if President Donald Trump’s 55% tariff on China stands , according to UBS. “Our view is tariffs are a negative for almost all softline companies,” analyst Jay Sole wrote in recent note. “One exception is Gildan Activewear. This company has opportunities to take market share because of tariffs.” The firm reiterated a buy rating on the apparel stock, alongside a $56 per share price target. UBS’ forecast implies about 14% upside from Monday’s $47.86 close. UBS’ upside case for Gildan stock calls for a return of more than 80%, Sole added. GIL YTD mountain…
Solar panels on the Seat Cupra SA plant in Martorell, Spain, on Thursday, March 13, 2025.Bloomberg | Bloomberg | Getty ImagesSolar stocks were under pressure Tuesday as the U.S. Senate’s version of President Donald Trump’s spending bill kept cuts to renewable energy incentives.Shares of Enphase Energy plummeted more than 17% in the premarket, while First Solar dipped about 12%. Sunrun slipped more than 27% and SolarEdge Technologies dropped 22%.The Senate version of the bill includes a provision that would fully phase out both solar and wind power tax incentives by 2028. It does, however, keep incentives for nuclear, hydropower and…
D3sign | Moment | Getty ImagesWomen who invest began at an average age of 31, but most wish they had started putting money in the market earlier, a recent survey said.Nearly all — 90% — of the women investors surveyed said they’re “on the right track” to achieve their financial goals, according to the survey, by Charles Schwab, an investment and financial services firm.However, 85% share a common regret — they said they wish they had started investing at an earlier age, the survey said.When the age is broken down by generation, Schwab found that millennials began investing at age…
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.Cheng Xin | Getty Images News | Getty ImagesTencent has spent years evolving into a gaming and social media giant in China and in the process, has built up its cloud computing capabilities.The technology firm is now looking to bring that expertise to Europe as it ramps up expansion of its cloud business overseas, Dowson Tong, CEO of Tencent’s cloud group told CNBC.”We have strengths and competence in very specific technology areas, as well as industry verticals,” Tong said in…
