Author: Lucas

JPMorgan announced a $1.5 trillion plan to bolster critical US industries, focusing on four key sectors. CEO Jamie Dimon highlights America’s reliance on unreliable sources for minerals and manufacturing. Investment will target defense, frontier tech, energy, and supply chain industries. Jamie Dimon announced Monday morning that JPMorgan will spearhead a $1.5 trillion initiative to invest in critical industries for the US over the next decade. “It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products, and manufacturing — all of which are essential for our national security,”…

COSCO SHIPPING Energy Transportation (SEHK:1138) has announced a range of updates to its governance framework, including changes to connected transactions, board committees, risk procedures, and a new incentive plan for senior management. These adjustments are intended to strengthen the company’s internal controls and decision-making. See our latest analysis for COSCO SHIPPING Energy Transportation. After rolling out these governance and management reforms, COSCO SHIPPING Energy Transportation has seen momentum build up in its share price, with a 30-day share price return of nearly 10% and a striking 51% gain year-to-date. Over the long haul, its 1-year total shareholder return is a…

Gold has been on a record-breaking streak. Now, the world’s second biggest bank thinks the trend will continue into next year. On Monday, researchers at Bank of America raised their 2026 forecasts for the precious metal, predicting it will jump to over $5,000 an ounce. That would be another huge 25 percent jump in one year. Just last week, the price of gold surged to a record high of $4,000, capping a 55 percent increase from January 2025. It’s a huge turnaround for the bank. Just last week, it had warned that gold’s price was showing ‘uptrend exhaustion’ and could be due for a…

Investors weren’t overjoyed to hear about a mandatory convertible stock issue. Medical device and diagnostics company Bruker (BRKR 2.69%) wasn’t looking like the cure for any investor’s ailments on Wednesday. The stock was hit with an assertive sell-off from the market, leaving it with a nearly 12% price decline on the session. The S&P 500 index had a much better day, ticking up by 0.5%. Preferring to raise new funds Just after market close on Tuesday, Bruker announced that it was floating a $600 million issue of mandatory convertible preferred stock. The conversion date will be on or about Sept.…

The Government has revealed plans to significantly overhaul both the home moving process and the property sales industry with proposals which, although familiar to most estate agents, represent a seismic shift in how the housing market will operate in the future.Ministerial claims for the ‘shake up’ include that it will save first time buyers £710 on average, cut the time it takes to purchase a property by four weeks and reduce fall-throughs by 50%.The Government also plans to bring in minimum qualifications for agents, a mandatory industry Code of Practice and also ‘clear, side-by-side information on estate agents and conveyancers’…

Manufacturing is the backbone of our economy, yet many students and early-career professionals still picture it the way it’s depicted in old movies: noisy factories with bored workers doing never-ending, repetitive tasks for meager wages.  The reality of the industry today is different, with well-paying jobs that often don’t require a four-year college degree and a variety of roles that encompass robotics, logistics, quality control, sales and engineering.  For instance, the company I work for designs and manufactures racks to hold extremely heavy materials, keeping operations safe and running on-time. A career in industrial storage lets you touch nearly every…

Iga Swiatek has officially earned the second-most prize money in WTA history. The Wimbledon champion may have been disappointed with her quarter-final showing at the recent Wuhan Open, but she still bagged an extra £62k to overtake Venus Williams in the all-time prize money list.Aged just 24, Swiatek has already earned millions on the court. The world No. 2 has six Grand Slam crowns, 11 WTA 1000 trophies, and nine other titles. Now, only Serena Williams has won more prize money on the WTA Tour.Following her run to the last eight in Wuhan, Swiatek has officially earned a staggering £32,205,897…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Goldman Sachs has agreed to buy venture capital investment firm Industry Ventures for just under $1bn, as the Wall Street bank seeks to broaden its money management platform.Growing in asset and wealth management has been a strategic priority for Goldman chief executive David Solomon, who believes the steady fee income from managing money can help make the business less reliant on volatile investment banking and trading.San Francisco-based Industry Ventures manages about $7bn in assets and will sit inside Goldman’s alternatives business which…

Taking the plunge into the drivers of the wild swings within cryptocurrencies, what combination of sentiment, news and liquidity truly moves crypto prices these days? Inputs from macro data and research reveal that it is not uncommon for multiple variables to drive markets. Crypto markets and crypto prices today are shaken by an array of forces, such as shifting policy, breaking news, and sentiment among traders. These elements can feed off each other: squeezes for cash make markets more sensitive; sentiment, driven by social and media feedback loops, affects trader responses.  Paying attention to what elements are salient offers crucial insight into…

In industrial measurement, accuracy is crucial to ensure the integrity of the entire production process. Non-contact scanning is increasingly becoming the preferred method to perform measurements of whole objects in a precise manner quickly. This article discusses blue light three-dimensional (3D) scanners, their working principle, advantages, and limitations, specifically in the context of industrial metrology. Image Credit: sunlight19/Shutterstock.com What are Blue Light 3D Scanners? Structured light 3D scanners, typically mounted on a camera stand, robot, or tripod, function as point-and-shoot cameras and need little or no programming with minimal setup. The technology is based on the projection of structured light, which…