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Passengers stand at the international arrival gate at JFK Airport in New York on June 16, 2025.Charlie Tribalew | AFP | Getty ImagesA group representing the nation’s largest airlines and hotel chains has denounced the Trump administration’s potential suspension of customs and immigration inspections at “sanctuary city” airports, warning that such a move could have “catastrophic” consequences for the industry.Homeland Security Secretary Mark Wayne Mullin said in an interview Tuesday night on Fox News’ “Hannity” that if “the radical left of the Democratic Party” won’t allow the government to “enforce federal laws, then we shouldn’t be flying international flights to…
Join us at StrictlyVC Los Angeles 2026. It’s an intimate evening that brings together leading investors and entrepreneurs for lively conversations from the forefront of venture capital and frontier technology. Held on Thursday, June 18th at the Aerospace Corporation Campus in El Segundo, this edition continues StrictlyVC’s focus on direct access to the ideas and leaders shaping where technology and capital are headed next. Reserve your spot here. For executives, investors, and founders navigating an increasingly complex market, this is an opportunity to step into conversations that rarely take place in public and hear directly from those driving change across…
applied materials CEO Gary Dickerson said Thursday that he believes the semiconductor industry is experiencing its strongest period ever due to accelerating demand for artificial intelligence.”This is the best time in the history of our industry and Applied Materials,” Dickerson said on CNBC’s “Mad Money.” “AI is driving incredible computing demand.”Applied Materials is one of the leading suppliers of equipment used to manufacture advanced semiconductors. Other companies in the Semicap Equipment group include: ram research and KLA Corporation. Although not as famous as chip designers and foundry operators, Nvidia and Taiwan Semiconductor Manufacturing Co., Ltd.they are a critical cog in…
summary A Russian drone struck an apartment building in NATO member Romania during an attack on a nearby Ukrainian port, injuring two people, according to the Bucharest Ministry of Defense. The incident marks the 28th time a Russian drone has violated Romanian airspace since the Russian government began targeting Ukrainian ports across the Danube River. Romania scrambled its F-16 fighter jets and authorized the pilots to engage the target. AI-generated summaries were reviewed by CNN editors. A drone crashed into an apartment building in Romania and exploded, injuring two people after Russia attacked a nearby Ukrainian port, the Romanian Defense…
Anton Petrus | Moments | Getty ImagesDrone stocks soared Thursday after reports that the Trump administration is in talks to provide funding to several companies, including one in which Donald Trump Jr. is a shareholder. The Pentagon has been in discussions for months with a group of drone companies about possible funding, people familiar with the matter told The Wall Street Journal. The deal could include an equity interest that would give the federal government some ownership, the newspaper reported.shares of unusual machine The company soared more than 65% after the Journal reported that it was one of the companies…
The most important market of the future could be the LLM token, and financial groups are rushing to build new infrastructure for it. China’s Shanghai Futures Exchange is currently designing a derivatives market for AI tokens, Reuters reported. The news comes as major derivatives exchanges CME Group and Intercontinental Exchange (owner of the NYSE) announced that they are each working on launching futures contracts to rent GPUs. Although the GPU market is still mature, given that a wide range of companies use, sell, and rent GPUs, there is a robust market for spot prices for GPU rentals, which are typically…
A Tesla robot taxi rides down the street along South Congress Avenue in Austin, Texas, June 22, 2025.Joel Angel Juarez | Reuterstesla The company currently has 42 self-driving cars approved for driverless ride-hailing in Texas, less than one-tenth of Waymo’s fleet in the state. waymo, of the alphabet Texas’ self-driving vehicle business has 577 licensed robotaxis, according to new records available on the state Department of Transportation’s website. The records were made public in an online database on May 28 as a new law giving Texas more power over commercial driverless vehicle operators took effect. Texas law previously allowed AVs…
US Vice President J.D. Vance said it was “undecided” whether President Donald Trump would sign an interim memorandum of understanding with Iran and that the two countries were still negotiating “several language points.” “I think it’s hard to say exactly when or if the president will sign the memorandum. We’re going back and forth on some linguistic points,” Vance told reporters on the tarmac at Joint Base Andrews on Thursday. While stressing that progress has been made, Vance said there are some moving parts regarding Iran’s nuclear program and enriched uranium. “There are some issues around nuclear, highly enriched stockpiles…
Love Island USA’s Huda Mustafa and Louis Russell break up after nearly nine months of datingSummer is getting hot. And Love Island USA’s new bombshell series is heating up too. On May 28, Peacock announced the cast of hot singles looking for love in season 8 of the reality dating competition series. Among the hopefuls heading to Fiji are KC Chandler, a burly nursing assistant from Fresno, California, Melanie Moreno, a bikini saleswoman from Los Angeles, Shawn Reifel, a Pennsylvania state trooper, and Kenzie Annis, a bold woman from Georgia who just graduated from nursing school and wants to settle…
Warren Buffett’s maxim, “Be greedy when others are fearful,” is one of the most commonly cited pieces of investing wisdom, but contrarianism is not a strategy in itself. In the case of Zscaler, a painful judgment was reached due to price movements after the company’s financial results.My hypothesis for this week’s bearish-to-bullish reversal was based on the idea that ZS was being unfairly punished and the 50-day moving average was turning positive. Despite beating expectations for the past quarter on both sales and earnings per share, the stock has been brutally beaten by what’s next. The outlook for fiscal 2027…