UK Chancellor of the Exchequer Rachel Reeves at a roundtable meeting during her visit to the British Steel site on April 17, 2025 in Scunthorpe, England.Wpa Pool | Getty Images News | Getty ImagesThe U.K. Treasury is poised to set out day-to-day spending and investment plans for all government departments on Wednesday, with markets and voters watching where budget cuts could fall.In its ‘Spending Review,’ the Labour government will set out how public money will be allocated over the next three to four years, ranging from spending on public services like schools and police to welfare budgets and investments in…
Author: usaeverydaylife
Wall Street analysts remained unimpressed following Apple’s annual developer conference on Monday, after the iPhone maker failed to introduce substantial artificial intelligence updates. Apple unveiled several software updates including “Liquid Glass,” its first major redesign of its iPhone operating system since 2013. Still, this wasn’t enough to outweigh the disappointment that Apple hasn’t made as much progress on the AI front as competitors such as Google and OpenAI. The stock lost more than 1% on Monday following the announcements and were flat on Tuesday. “The new software looks very nice but isn’t exactly the kind of stuff that drives the…
Igor Gnedo, Antonina Lepore & Adrianne PaerelsThis year’s Disruptor 50 list, topped by Anduril in the No. 1 spot, and then OpenAI, showcases 50 companies that are challenging the status quo and using technology (most often, AI) to transform a range of industries.What’s particularly notable about this year’s list is how the sectors represented illustrate key trends not just in technology and VC, but also in politics and society. This is the first time in the 13 years of the Disruptor 50 list that it’s been topped by a defense tech company. The defense tech sector isn’t just represented by…
French founder of artificial intelligence startup Mistral AI, Arthur Mensch, attends the Viva Technology show at Parc des Expositions Porte de Versailles in Paris, France, on May 22, 2024.Chesnot | Getty Images Entertainment | Getty ImagesFrench artificial intelligence firm Mistral is on Tuesday launching its first reasoning model to compete with rival options from the likes of OpenAI and China’s DeepSeek.The startup, which is backed by U.S. tech giant Microsoft, on Tuesday said that it plans to release its own reasoning model Magistral, which is “competitive with all the others,” including OpenAI’s o1 and Chinese AI firm DeepSeek’s R1, according…
Senate Majority Leader John Thune (R-South Dakota), from left, Sen. John Barrasso (R-Wyoming) and Senator Mike Crapo (R-Idaho) exit the West Wing of the White House on June 4, 2025. The Senate has begun deliberations over President Donald Trump’s massive “Big Beautiful Bill” that narrowly passed the House on May 22, with several Republican senators expressing concerns over its cost as well as cuts to Medicaid and clean energy tax credits.Photographer: Eric Lee/Bloomberg via Getty ImagesRepublicans on Capitol Hill are weighing legislation that’s estimated to cut billions of dollars of funding for the Affordable Care Act and cause millions of…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. The stock market is starting the week relatively flat following Friday’s rally due to a solid jobs report. Investors are awaiting trade news updates as American and Chinese officials gather in London . The flow of rare earth minerals out of China is a big focus of the talks. Within the stock market Monday, Jim Cramer said the action is interesting. “What I’m seeing is a kind of a very bizarre rotation. … A…
A model of an UltraFan on the Rolls-Royce Holdings Plc stand on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024.Bloomberg | Bloomberg | Getty ImagesBritish aerospace group Rolls-Royce on Tuesday received backing from the U.K. government to build the country’s first small modular nuclear reactors.The announcement follows a two-year selection process and reaffirms Britain’s embrace of nuclear power, particularly as it also pledged on Tuesday to invest £14.2 billion ($19.2 billion) to build the large Sizewell C power station in eastern England.U.K. Energy Secretary Ed Miliband said plans to build the country’s first-ever…
A delivery van outfitted with Wayve’s autonomous driving software is part of the fleet of vehicles making grocery deliveries across London.Source: WayveUber on Tuesday announced it’s partnered with self-driving car technology firm Wayve to launch trials of fully autonomous rides in the U.K.The ride-hailing app said the pilot would be the first of its kind for the company, as it allow users to take Uber rides without a safety driver present — a standard of autonomous driving described by the industry as “Level 4.” Self-driving vehicles have become a common sight in San Francisco, where Google’s autonomous driving venture Waymo offers…
Crews walk towards a Royal Navy F-35B Lightning fighter jet to prepare it for take-off from the deck of British aircraft carrier HMS Prince Of Wales, in an undisclosed location, on April 24, 2025, following its deployment to the Indo-Pacific region.Richard Pohle | Afp | Getty ImagesThe automotive and robotics industries have been hit particularly hard by China’s rare earth export restrictions in recent weeks, but analysts warn Western defense giants will also feel the heat.Top U.S. and Chinese officials are resuming trade talks in London for a second consecutive day on Tuesday, pushing to de-escalate tensions over rare-earth minerals…
American fund managers are lobbying Congress over a provision tucked inside President Donald Trump’s tax bill that they say could lead to foreign investors “quickly” pulling investments out of the U.S.The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives in May, aims to penalize foreign-owned firms operating in the U.S. and that are from countries with “unfair foreign taxes” under a provision known as Section 899. It is currently being considered by the Senate.The Investment Company Institute (ICI), which represents fund houses in the U.S., is lobbying Congress for an amendment as it warns the…
