In 2022, Amazon workers at a fulfillment center in Staten Island made history by voting to form a union. Their leader was fired Amazon worker Chris Smalls, who became something of a celebrity within the labor movement. Smalls left the union amid internal tensions, and has gone on to become a freelance activist since. He speaks with Kai Wright about being arrested while protesting the Jeff Bezos-fu...
In 2022, Amazon workers at a fulfillment center in Staten Island made history by voting to form a union. Their leader was fired Amazon worker Chris Smalls, who became something of a celebrity within the labor movement. Smalls left the union amid internal tensions, and has gone on to become a freelance activist since. He speaks with Kai Wright about being arrested while protesting the Jeff Bezos-funded Met Gala, and why courting attention is an effective form of activism. Smalls’ new book When the Revolution Comes is out now. Continue reading...
SpaceX’s initial public offering is a bet on Elon Musk ’s most audacious vision yet: an industrial empire combining hardware, software and artificial intelligence that brings rocket launches, satellites and computing resources into one sprawling conglomerate. A nearly 18-minute video produced as part of its IPO roadshow touts everything from solar-powered orbital data centers to a thriving lunar e...
SpaceX’s initial public offering is a bet on Elon Musk ’s most audacious vision yet: an industrial empire combining hardware, software and artificial intelligence that brings rocket launches, satellites and computing resources into one sprawling conglomerate. A nearly 18-minute video produced as part of its IPO roadshow touts everything from solar-powered orbital data centers to a thriving lunar economy to asteroid mining. “Elon is the Edison of our time,” gushed Jamie Dimon , the chairman and chief executive officer of JPMorgan Chase & Co. , last week at an investor event at the bank’s New York headquarters. Musk, who founded Space Exploration Technologies Corp. in 2002, beamed in for an interview. After so many years as a private company, Dimon asked, why is Musk taking SpaceX public now? Following a long-winded description of the power output of the sun, Musk finally answered. “The TL;DR is, we’re embarking on a massive new growth phase, and we need capital for that,” he said. The gathered crowd erupted in laughter. If SpaceX hits its targeted valuation of $1.8 trillion, it will immediately become one of the world’s most valuable public companies . Musk, on the cusp of turning 55, will likely be the world’s first trillionaire . And for Tesla Inc. , the electric-car maker and energy company that Musk took public in 2010, the question is increasingly about when — not if — SpaceX will absorb Tesla whole. Join the conversation: Bloomberg journalists will answer your questions about the SpaceX IPO in an interactive Live Q&A on Wednesday, June 10 at 1 p.m. EDT. Stream here and send questions in advance to liveqa@bloomberg.net with the subject line “SpaceX IPO.” Musk’s companies have long cooperated, and reinforced, one another. For years Tesla’s filings hinted at the overlap between the boss’s various enterprises, which include SpaceX, Tesla, the brain-interface company Neuralink Corp. and Boring Co., which digs tunnels and uses Tesla cars to transport passengers throu...
Bank of America Securities sees trouble ahead for the stock market. Investors should exercise caution regarding equities as an increasing number of “bear-market signposts” point to an approaching top, strategists led by Savita Subramanian wrote in a note dated June 5. Some 70% of those signals have recently been triggered, in line with the average observed during prior market peaks, the strategist...
Bank of America Securities sees trouble ahead for the stock market. Investors should exercise caution regarding equities as an increasing number of “bear-market signposts” point to an approaching top, strategists led by Savita Subramanian wrote in a note dated June 5. Some 70% of those signals have recently been triggered, in line with the average observed during prior market peaks, the strategists said. The benchmark S&P 500 Index was “statistically expensive on 17 of 20 metrics, and trades rich versus its tech bubble metrics on eight,” Subramanian said. Their advice to investors? “ Take profits .” What You Need to Know Today A federal judge struck down a $100,000 fee Donald Trump ordered for H-1B visa applications, providing a reprieve for US technology companies that rely on hiring skilled foreign workers. The US president’s decree dramatically increasing the cost of the popular visa is an unlawful tax and must be vacated , US District Judge Leo T. Sorokin in Massachusetts said in a Monday ruling. The government is likely to appeal the decision , which is a blow to Trump’s campaign to restrict immigration. Trump Picks Ex-Personal Lawyer to Be Attorney General Todd Blanche has shown a willingness to intensify the Justice Department’s unprecedented effort to prosecute the president’s perceived political enemies. Read more Trump Struggles as Approval Rating Heads Downward Public angst over affordability is about to get worse as data due out Wednesday is expected to show inflation back above 4% for the first time in three years. Read more We Can’t Repeat the Mistakes of Globalization With AI International Monetary Fund Managing Director Kristalina Georgieva said organizations including hers failed to recognize inequalities arising from globalization — and she wants to make sure it won’t happen with AI. Watch the interview The European Union has a Taiwan problem. The bloc is worried about signs that Trump is looking to ingratiate himself with Chinese President Xi Jinp...
CUPERTINO, Calif., June 08, 2026--Apple® today introduced new intelligence capabilities, expanded productivity features in Xcode®, and platform improvements that make apps faster, more adaptive, and easier to build.
CUPERTINO, Calif., June 08, 2026--Apple® today introduced new intelligence capabilities, expanded productivity features in Xcode®, and platform improvements that make apps faster, more adaptive, and easier to build.
US Army Develops 'Breakthrough' Quantum Sensor to Pinpoint Radio Signals on Battlefields Authored by Atharva Gosavi via Interesting Engineering , US Army scientists have demonstrated a new quantum sensor that can measure the full 3D direction of radio-frequency electromagnetic fields, a milestone that could reshape how signals are detected on the battlefield. The rubidium vapor cell. US Army The b...
US Army Develops 'Breakthrough' Quantum Sensor to Pinpoint Radio Signals on Battlefields Authored by Atharva Gosavi via Interesting Engineering , US Army scientists have demonstrated a new quantum sensor that can measure the full 3D direction of radio-frequency electromagnetic fields, a milestone that could reshape how signals are detected on the battlefield. The rubidium vapor cell. US Army The breakthrough was achieved by scientists at the U.S. Army Combat Capabilities Development Command, known as DEVCOM, Army Research Laboratory. According to the researchers, the sensor could improve situational awareness, strengthen secure communications, and help soldiers make faster, better-informed decisions in complex battlefield environments. " Our work in quantum science is about giving our Soldiers new ways to sense and understand the world around them, " said David Meyer, ARL research physicist. "This research opens the door to detecting and pinpointing signals over a broad frequency range in a single sensing package, even in the most challenging environments," Measuring Radio Waves in 3D The new sensor is based on Rydberg atoms, which are atoms placed in a highly excited state that makes them extremely sensitive to electric fields. The researchers described how the device can determine not only electromagnetic field strength but also the 3D polarization orientation and propagation direction, known as the k-vector. According to ARL, this is the first time such a measurement has been achieved using a quantum sensor. Traditional sensors usually measure the strength of an electromagnetic field in only one direction at a time. The ARL-developed quantum sensor, however, can "see" both the direction and motion of the electromagnetic field, providing a complete 3D picture. Despite being only a few centimeters across, the sensor can determine the direction of incoming signals with an accuracy of about two degrees. This could make it a highly flexible platform for detecting and ...
Google signed a landmark deal with startup Voltus to create a virtual power plant -- paying households to curb consumption rather than building new capacity.
Google signed a landmark deal with startup Voltus to create a virtual power plant -- paying households to curb consumption rather than building new capacity.
Netanyahu acknowledges pause in fighting in TV speech but vows forceful response to future attacks Middle East crisis – live updates Fears of a return to a full-scale regional war in the Middle East eased on Monday as Israel and Iran said they had halted attacks on each other after an appeal from Donald Trump to “immediately stop shooting”. Benjamin Netanyahu, Israel’s prime minister, acknowledged...
Netanyahu acknowledges pause in fighting in TV speech but vows forceful response to future attacks Middle East crisis – live updates Fears of a return to a full-scale regional war in the Middle East eased on Monday as Israel and Iran said they had halted attacks on each other after an appeal from Donald Trump to “immediately stop shooting”. Benjamin Netanyahu, Israel’s prime minister, acknowledged the halt in fighting with Iran in a televised speech, but vowed to respond “with force” to future attacks. Continue reading...
Investors seeking exposure to digital transformation can choose between global scale and specialized agility. Deciding whether to buy Accenture (NYSE:ACN) or EPAM Systems (NYSE:EPAM) depends on your preference for stability versus growth. Accenture is a professional services giant with hundreds of thousands of employees serving the world's largest corporations. EPAM Systems operates as a digital e...
Investors seeking exposure to digital transformation can choose between global scale and specialized agility. Deciding whether to buy Accenture (NYSE:ACN) or EPAM Systems (NYSE:EPAM) depends on your preference for stability versus growth. Accenture is a professional services giant with hundreds of thousands of employees serving the world's largest corporations. EPAM Systems operates as a digital engineering specialist, focusing on complex software development and platform builds. Comparing them reveals how different sizes and strategies influence financial performance for long-term investors. Accenture occupies a massive footprint within the broader world of tech stocks , providing services ranging from cloud migration to supply chain overhauls. The company employs approximately 786,000 people and serves more than 9,000 clients, including three-quarters of the Fortune Global 500. Its strategy focuses on helping large enterprises integrate new technologies like generative artificial intelligence into their daily operations. Continue reading
If you're using older iPhone or iPad hardware and you're hoping to keep running Apple's latest operating systems, this year's releases bring mostly good news. The iOS 27 update will run on all iPhones that can run iOS 26, all the way back to the iPhone 11 and second-generation iPhone SE. The iPadOS 27 update is slightly less generous, dropping support for the 3rd-generation iPad Air, 8th-generatio...
If you're using older iPhone or iPad hardware and you're hoping to keep running Apple's latest operating systems, this year's releases bring mostly good news. The iOS 27 update will run on all iPhones that can run iOS 26, all the way back to the iPhone 11 and second-generation iPhone SE. The iPadOS 27 update is slightly less generous, dropping support for the 3rd-generation iPad Air, 8th-generation iPad, and 5th-generation iPad mini (all of these devices used an older A12 Bionic chip; supported devices now use an A13 or better). Apple says owners of older devices should see performance improvements in iOS 27, thanks in part to an updated CPU scheduler. This scheduler was apparently already included with newer iPhones but has been ported back to older devices with this release. Apple's iOS 27 compatibility list. Credit: Apple Apple's iPadOS 27 compatibility list. Credit: Apple But many of the new features Apple mentioned require support for Apple Intelligence, which remains confined to newer devices with at least 8GB of RAM. Apple Intelligence still requires an iPhone 15 Pro or newer, an iPhone 16 or newer, or an iPhone Air. On the iPad, support requires an iPad Air or iPad Pro with an M1 or newer. Read full article Comments
July WTI crude oil (CLN26 ) on Monday closed up +0.76 (+0.84%), and July RBOB gasoline (RBN26 ) closed up +0.0247 (+0.81%). Crude oil prices settled higher on Monday amid a flare-up in hostilities between Iran and Israel that threatens to derail a truce and complicate negotiations to end the...
July WTI crude oil (CLN26 ) on Monday closed up +0.76 (+0.84%), and July RBOB gasoline (RBN26 ) closed up +0.0247 (+0.81%). Crude oil prices settled higher on Monday amid a flare-up in hostilities between Iran and Israel that threatens to derail a truce and complicate negotiations to end the...
Dazman/E+ via Getty Images Vale ( VALE ) sees no evidence of demand destruction in global metals markets from the Middle East war and has enjoyed rising margins as the conflict disrupts flows of raw materials, CEO Gustavo Pimenta said Monday in a Bloomberg interview. Disruptions in the Strait of Hormuz have raised fuel prices and freight rates for miners such as Vale ( VALE ), but worldwide demand...
Dazman/E+ via Getty Images Vale ( VALE ) sees no evidence of demand destruction in global metals markets from the Middle East war and has enjoyed rising margins as the conflict disrupts flows of raw materials, CEO Gustavo Pimenta said Monday in a Bloomberg interview. Disruptions in the Strait of Hormuz have raised fuel prices and freight rates for miners such as Vale ( VALE ), but worldwide demand for critical minerals has been "super-constructive" for the company, Pimenta told Bloomberg. Vale ( VALE ) has hiked its full-year free cash flow forecast for its core iron business by $1.5B to reflect the rally in iron ore prices since the war's outbreak, now expecting iron ore to average $112/ton this year, up from $102/ton in its pre-conflict scenario. Pimenta said he is "very optimistic" about the company's full-year outlook, seeing demand growth increasingly being driven by other regions such as Southeast Asia, Europe, and the U.S. while China likely has peaked in steel production, and India will be a major growth engine as it doubles crude steel production over the next decade. The CEO also said the restart of a pellet complex in Oman will have to wait until the Middle East conflict winds down, after previously delaying the reopening until Q3 , citing war-related logistical constraints. Vale's ( VALE ) Oman operations have iron ore pellet production capacity of 9M tons/year, or ~29% of the company’s overall output. More on Vale Vale: Why I'm Not Buying This ~5x EBITDA Multiple Yet Vale: A Re-Rating Without A Cycle Shift Into Q1 (Rating Downgrade) Vale Q1 2026 Earnings Call Presentation