Business

Analysts at Cantor, formerly headed by Lutnick, call for Kennedy’s dismissal

[ad_1] (Reuters) - Analysts at Cantor Fitzgerald, formerly headed by the Trump administration's Secretary Of Commerce Howard Lutnick, called for the dismissal of Secretary of Health and Human Services Robert F. Kennedy Jr.Kennedy, a well-known vaccine skeptic, last week announced plans to reshape the federal public health agencies that could involve firing thousands of workers.Cantor analysts Josh Schimmer and Eric Schmidt said in a note on Monday that Kennedy was
Business

The Finnish defence tech firms ‘on steroids’

[ad_1] Maddy SavageBBC News, HelsinkiBBCJose Barrientos builds headsets for military trainingWearing a laboratory coat and thin silver gloves, production specialist Jose Barrientos is painstakingly piecing together a white-framed goggle-like headset.It includes multiple cameras, eye-tracking technologies and electronics that work together to simulate scenarios from high stakes military operations."Everything has to be perfect," says the production specialist. "So many different things can affect other things that can affect the final product
Business

Defense Department to offer new round of voluntary resignations, retirements. There are few details

[ad_1] WASHINGTON (AP) — The Defense Department is going to offer a new round of voluntary resignations and retirements to the civilian workforce, but details are slim.In a brief memo, Defense Secretary Pete Hegseth said the Pentagon would “immediately” offer voluntary early retirements and begin another deferred resignation plan. He warned that “exemptions should be rare,” but provided no specifics on what the offers will look like or say whether
Business

North Wales businesses face highest energy costs in the UK

[ad_1] BBCMike Jones said higher costs are driving some customers across the borderA dry cleaner has said businesses just 10 miles away can charge a quarter of the price for services due to differing energy prices between regions. Small and medium-sized businesses in north Wales and Merseyside are expected to pay 13% more in electricity bills than London from this month due to non-wholesale energy costs known as third-party charges.
Business

EV maker Lucid is capturing Tesla buyers at a higher rate as its new Gravity SUV hits showrooms

[ad_1] EV maker Lucid Motors (LCID) is seeing a light at the end of the tunnel — and former Tesla (TSLA) buyers may be the reason. The California-based company’s second product, the Gravity SUV, is now on sale, with deliveries to a wider swath of customers beginning in April. Interim CEO Marc Winterhoff says there are new buyers coming in for both the Gravity SUV and Air sedan because customers
Business

Estee Lauder faces US legal challenge over China sales practices

[ad_1] By Jonathan Stempel NEW YORK (Reuters) - Estee Lauder must face a lawsuit accusing the cosmetic giant of defrauding shareholders by concealing its overdependence on improper gray-market sales in China, a federal judge in Manhattan ruled on Monday. U.S. District Judge Arun Subramanian said shareholders identified "several misleading omissions" and "half-truths" in Estee disclosures, related to the negative sales impact from a January 2022 government crackdown on the "daigou"
Business

AP top stories March 31 P

[ad_1] Here's the latest for Monday, March 31st: Israelis protest at Netanyahu's office; Families in Bangkok await further word about loved ones following earthquake; Marine Le Pen barred from seeking public office in France for 5 years; Denmark's king and queen visit Macron in Paris [ad_2] Source link
Business

NASA’s newly returned astronauts say they would fly on Boeing’s Starliner capsule again

[ad_1] CAPE CANAVERAL, Fla. (AP) — NASA’s celebrity astronauts Butch Wilmore and Suni Williams said Monday that they hold themselves partly responsible for what went wrong on their space sprint-turned-marathon and would fly on Boeing's Starliner again.SpaceX recently ferried the duo home after more than nine months at the International Space Station, filling in for Boeing that returned to Earth without them last year.In their first news conference since coming
Business

AMD Just Made Its Boldest Move Yet to Beat Nvidia in the AI Race

[ad_1] Advanced Micro Devices (NASDAQ:AMD) has just sealed its $4.9 billion acquisition of ZT Systemsmarking a bold move to ramp up its data center game and take the fight to Nvidia in the booming AI infrastructure space. ZT, a major server designer with over $10 billion in annual revenue, brings 1,000 engineers into AMD's camp, instantly beefing up its capabilities in full-system integration. This deal isn't just about chips anymore.
Business

Rocket CEO discusses $11 billion acquisition spree and impact of Trump tariffs on housing

[ad_1] Rocket Companies (RKT) CEO Varun Krishna has gone on a spring spending spree. Rocket made its second significant acquisition of the month on Monday as it looks to gain share in the fragmented mortgage servicing industry. The company will acquire mortgage servicer Mr. Cooper (COOP) for $9.4 billion in stock. The combined company will service more than $2.1 trillion in loan volume. Mr. Cooper boasts 7 million clients. "Our