Investors have waited for Archer Aviation (NYSE: ACHR) to live up to its potential since the stock began trading in 2021. The wait has taken a toll on Archer Aviation, which currently trades more than 60% below its all-time high. But much has changed since years ago, when the stock represented an idea more than an actual business. Archer Aviation has spent years designing and testing its electric ...
Investors have waited for Archer Aviation (NYSE: ACHR) to live up to its potential since the stock began trading in 2021. The wait has taken a toll on Archer Aviation, which currently trades more than 60% below its all-time high. But much has changed since years ago, when the stock represented an idea more than an actual business. Archer Aviation has spent years designing and testing its electric vertical takeoff and landing (eVTOL) aircraft. It's finally nearing the end of the regulatory approval process and could begin its initial U.S. operations later this year as part of the White House's eVTOL Pilot Integration Program. Here's why the stock's steep decline is actually good news for long-term investors. The eVTOL market has promise, but this looks like a niche market right now. Broadly speaking, eVTOL aircraft, including Aviation's Midnight, specialize in short trips with fast turnaround times and have very limited seating and cargo capacity. Midnight seats only four passengers and a pilot. The aircraft from Archer Aviation and other eVTOL companies will initially serve as electric air taxis in major cities or be used for military applications. Continue reading
HOT TOPICS PBOC to deepen Hong Kong’s bond, offshore yuan markets People’s Bank of China Governor Pan Gongsheng expressed support for more high-quality enterprises to list and issue bonds in Hong Kong. He said the central bank would continue to optimize and expand connectivity between the Chinese mainland and Hong Kong in areas such as stocks, bonds, wealth management and interest rate swaps. The ...
HOT TOPICS PBOC to deepen Hong Kong’s bond, offshore yuan markets People’s Bank of China Governor Pan Gongsheng expressed support for more high-quality enterprises to list and issue bonds in Hong Kong. He said the central bank would continue to optimize and expand connectivity between the Chinese mainland and Hong Kong in areas such as stocks, bonds, wealth management and interest rate swaps. The annual net investment quota for the Southbound Bond Connect program is set to rise to 800 billion yuan ($118 billion) from 500 billion yuan.
While there is no shortage of talent in the England squad, a number of World Cup stars from other nations could have featured for the Three Lions if things had worked out differently.
While there is no shortage of talent in the England squad, a number of World Cup stars from other nations could have featured for the Three Lions if things had worked out differently.
A Singapore minister’s quip in parliament that top officials had no time to go to the cinema has drawn heated public discussion, with some in the local arts scene saying the comment risked downplaying the importance of the cultural sector. Acting Minister for Culture, Community and Youth David Neo was responding to questions in parliament on Tuesday about the administration’s stance on Chinese dia...
A Singapore minister’s quip in parliament that top officials had no time to go to the cinema has drawn heated public discussion, with some in the local arts scene saying the comment risked downplaying the importance of the cultural sector. Acting Minister for Culture, Community and Youth David Neo was responding to questions in parliament on Tuesday about the administration’s stance on Chinese dialects in films, when he joked in Mandarin: “First of all, ministers don’t have time to watch...
Days before Johor state heads to the polls, gamblers on the crypto-powered betting exchange that emerged as a barometer of political sentiment during the last US election have already called it. On Polymarket, bettors have priced Barisan Nasional (BN) as an overwhelming favourite to retain control of Malaysia’s southern gateway to Singapore. As of Wednesday afternoon, the coalition stood at a 92.8...
Days before Johor state heads to the polls, gamblers on the crypto-powered betting exchange that emerged as a barometer of political sentiment during the last US election have already called it. On Polymarket, bettors have priced Barisan Nasional (BN) as an overwhelming favourite to retain control of Malaysia’s southern gateway to Singapore. As of Wednesday afternoon, the coalition stood at a 92.8 per cent chance of winning the most seats in Saturday’s vote – dwarfing Prime Minister Anwar...
Temasek International's Chief Investment Officer Rohit Sipahimalani tells Bloomberg that it would take time to get to "some resolution" of the Iran conflict, noting that while both sides are interested in deescalation, the process will not be a straight line. (Source: Bloomberg)
Temasek International's Chief Investment Officer Rohit Sipahimalani tells Bloomberg that it would take time to get to "some resolution" of the Iran conflict, noting that while both sides are interested in deescalation, the process will not be a straight line. (Source: Bloomberg)
Wildfires have forced thousands of people to evacuate across France, Spain, Portugal, Greece and other parts of southern Europe. We would like to hear how the fires have impacted you Wildfires are continuing to burn across southern Europe after weeks of extreme heat, forcing thousands of people to leave their homes and disrupting communities across the region. We would like to hear from people who...
Wildfires have forced thousands of people to evacuate across France, Spain, Portugal, Greece and other parts of southern Europe. We would like to hear how the fires have impacted you Wildfires are continuing to burn across southern Europe after weeks of extreme heat, forcing thousands of people to leave their homes and disrupting communities across the region. We would like to hear from people who have been affected. Have you had to evacuate your home? How are you coping? Are you living with smoke, poor air quality or the threat of evacuation? We would like to hear about your experiences. Continue reading...
On Friday, Mark Cuban said local communities should aggressively hold AI data center operators accountable if they violate laws or cause environmental damage, following reports that a contractor working on a Meta Platforms, Inc. data center contaminated Cheyenne’s wastewater system....
On Friday, Mark Cuban said local communities should aggressively hold AI data center operators accountable if they violate laws or cause environmental damage, following reports that a contractor working on a Meta Platforms, Inc. data center contaminated Cheyenne’s wastewater system....
watch now VIDEO 4:38 04:38 Trump on Iran ceasefire MOU: I think it's over Squawk Box Europe U.S. President Donald Trump said on Wednesday that Washington's ceasefire with Tehran is over, after hostilities between the two sides escalated overnight. During a joint press conference with NATO chief Mark Rutte at the military alliance's summit in Ankara, Turkey, on Wednesday, Trump said, "I think it's ...
watch now VIDEO 4:38 04:38 Trump on Iran ceasefire MOU: I think it's over Squawk Box Europe U.S. President Donald Trump said on Wednesday that Washington's ceasefire with Tehran is over, after hostilities between the two sides escalated overnight. During a joint press conference with NATO chief Mark Rutte at the military alliance's summit in Ankara, Turkey, on Wednesday, Trump said, "I think it's over" in response to a reporter's question. "I don't want to deal with them anymore … as far as I'm concerned, it's over," he added. He added that Washington's delegation wanted to negotiate a peace deal, but that he saw it as "a waste of time dealing with" the Iranian side. Trump's comments came after the U.S. and Iran accused each other of violating a ceasefire that was reached last month, in the wake of fresh strikes. The U.S. military conducted a "series of powerful strikes" against Iran in retaliation for three commercial vessels transiting the Strait of Hormuz coming under attack on Tuesday. Meanwhile, the U.S. Treasury Department withdrew a waiver that had allowed Iran to sell its oil. Oil prices rose dramatically after Trump spoke, with global benchmark Brent crude futures for September delivery jumping 5.7% to trade at around $78.41 per barrel. U.S. West Texas Intermediate futures added 5.9% to settle at $74.60 a barrel. Stock Chart Icon Stock chart icon Oil prices In a post on X on Tuesday, Central Command said U.S. forces hit over 80 targets, including air defense systems, command and control networks, as well as anti-ship missile capabilities. It added that more than 60 Islamic Revolutionary Guard Corps' small boats were hit to degrade Iran's ability to attack international commerce. In an earlier post , Centcom said that the strikes were "to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway." "The U.S. strikes are in response to Iranian attacks on three commercial vessels that were trans...
An exciting new CRISPR-based tool is making waves in the scientific literature this spring. Because the new technology destroys targeted diseased cells outright rather than editing their genetic material, it's being informally called the "DNA shredder." For shareholders of CRISPR Therapeutics (NASDAQ: CRSP) and its gene-editing peers like Intellia Therapeutics (NASDAQ: NTLA) and Beam Therapeutics ...
An exciting new CRISPR-based tool is making waves in the scientific literature this spring. Because the new technology destroys targeted diseased cells outright rather than editing their genetic material, it's being informally called the "DNA shredder." For shareholders of CRISPR Therapeutics (NASDAQ: CRSP) and its gene-editing peers like Intellia Therapeutics (NASDAQ: NTLA) and Beam Therapeutics (NASDAQ: BEAM) , the emergence of a new form of genetic medicine could have major financial implications down the road. Let's unpack what the new tech can do and what it means for CRISPR Therapeutics as well as these other stocks. Image source: Getty Images. Continue reading
How America's Wealth Distribution Has Changed Over The Last 40 Years Wealth reflects the value of everything households own, including homes, stocks, businesses, and savings, minus what they owe. Because different wealth groups own very different mixes of assets, long-term market trends can reshape how the nation’s wealth is divided. This graphic, via Visual Capitalist's Boyan Girginov, tracks how...
How America's Wealth Distribution Has Changed Over The Last 40 Years Wealth reflects the value of everything households own, including homes, stocks, businesses, and savings, minus what they owe. Because different wealth groups own very different mixes of assets, long-term market trends can reshape how the nation’s wealth is divided. This graphic, via Visual Capitalist's Boyan Girginov, tracks how U.S. household wealth has shifted across wealth groups from Q3 1989 to Q4 2025 using data from the Federal Reserve’s Distributional Financial Accounts . Wealth of the Top 1% vs. the Bottom 90% The table below shows how the wealth distribution has changed over the last 35 years: The top 1% built its wealth primarily through stocks and businesses, assets that have soared in value for decades. In fact, every group below the top 1% has lost share since 1989: even the next 9% of households, from the 90th to 99th percentiles, slipped from 38.0% to 36.4%. Wealth further down the ladder is tied mostly to the family home, which appreciates far more slowly than the stock market. Much of the bottom 50%’s net worth is home equity, and many households in that group have little or no net worth at all. That’s why the gap between the top and the bottom has widened over the last 36 years. How Markets Move Each Group’s Share Market swings move each group’s share differently, depending on the assets its households own. Every boom rewards whoever holds financial assets, and those gains compound: between 1989 and 2025, the top 0.1% increased its share of household wealth from 8.6% to 14.5%, while the top 1% as a whole climbed from 22.8% to 31.9%. Busts fall hardest on those with the least cushion. The 2008 housing crash crushed the value of ordinary households’ main asset, and the bottom 50%’s share eventually fell to a record low of 0.4% before recovering to 2.5% today. Over the full period, no group lost more ground than the upper-middle 40%, households between the 50th and 90th percentiles,...
Mariana Pryimachuk/iStock via Getty Images Summary Fossil's ( FOSL ) stock is +155% on a 1-year basis, driven by improved company fundamentals, an earnings beat, and inclusion in the Russell 2000 index . However, the company operates in a fashion quartz watch segment that is seeing lower growth compared to mechanical and smart watches. In addition, fashion quartz watch demand can be fickle based o...
Mariana Pryimachuk/iStock via Getty Images Summary Fossil's ( FOSL ) stock is +155% on a 1-year basis, driven by improved company fundamentals, an earnings beat, and inclusion in the Russell 2000 index . However, the company operates in a fashion quartz watch segment that is seeing lower growth compared to mechanical and smart watches. In addition, fashion quartz watch demand can be fickle based on consumer interests at the time. The company is depending on key models to fuel future growth in a highly competitive market where Google search trends have not seen any rebound. FOSL has a stretched balance sheet and cash flow that leaves little room for operating loss in terms of debt repayment. I rate the stock as a SELL given already strong share price performance resulting in more downside than upside risks. Company background Fossil Group is a global design and manufacturing company that specializes in consumer fashion lifestyle accessories. The primary business is fashion quartz watch design, manufacturing, and sales. Sales are through FOSL's own branded stores, third-party outlets such as department stores, and online. The company makes its own brands and also manufactures for other brands such as Armani Exchange and Diesel. Key brands (FOSL) FOSL underwent a debt restructuring in 2025 due to falling sales coupled with looming debt maturities. Sales have been weak due to an exit from the smartwatch industry , declining consumer demand for fashion watches, general consumer weakness, reduced discounting, and store closures. FOSL used to achieve over $3bn in annual revenue in 2015, but revenue has fallen by 2/3 to $1bn, resulting in negative profits. Fossil watches have seen a secular decline due to a rise in consumer preferences for smartwatches from tech giants such as Apple, more demand for low volume mechanical timepieces as opposed to mass produced quartz watches, and a secular decline in department store foot traffic where Fossil had a strong retail presence. Da...
Holiday operator says market in good shape, with strong recent recovery in bookings across all destinations as customers take the plunge Business live – latest updates Summer holiday bookings have bounced back recently after the fragile ceasefire in the Middle East, the package holiday operator Jet2 has said. The company, which flies about 20 million people every year, said its summer bookings are...
Holiday operator says market in good shape, with strong recent recovery in bookings across all destinations as customers take the plunge Business live – latest updates Summer holiday bookings have bounced back recently after the fragile ceasefire in the Middle East, the package holiday operator Jet2 has said. The company, which flies about 20 million people every year, said its summer bookings are up by 7.1% compared with this time last year and the average load factor – which measures its available seating capacity filled with paying passengers – is up 1.2 percentage points. Continue reading...