Shares of Ondas (ONDS +22.96%) surged on Thursday, following reports that the U.S government was considering taking steps to accelerate domestic drone production. Game of Drones The U.S. military wants to slash the cost of drones that are rapidly becoming an indispensable part of the modern battlefield. To do so, the Trump Administration is seeking to provide growth capital to multiple U.S. drone ...
Shares of Ondas (ONDS +22.96%) surged on Thursday, following reports that the U.S government was considering taking steps to accelerate domestic drone production. Game of Drones The U.S. military wants to slash the cost of drones that are rapidly becoming an indispensable part of the modern battlefield. To do so, the Trump Administration is seeking to provide growth capital to multiple U.S. drone makers -- via both debt financing and equity investments -- to strengthen their manufacturing networks and boost supply. That's according to a report by The Wall Street Journal released late on Wednesday. Expand NASDAQ : ONDS Ondas Today's Change ( 22.96 %) $ 2.48 Current Price $ 13.28 Key Data Points Market Cap $5.4B Day's Range $ 11.22 - $ 13.78 52wk Range $ 1.00 - $ 15.28 Volume 7.3M Avg Vol 74.1M Gross Margin 31.18 % This initiative coincides with the Pentagon's Drone Dominance program, which seeks to mass-produce over 300,000 relatively inexpensive combat drones by the end of 2027. The Journal cited a Defense Department's estimate from early 2025 that placed U.S. drone production at up to 100,000 drones annually. That's in stark contrast to the more than four million drones Ukraine reportedly made last year. Ondas seeks to become a key drone infrastructure supplier Ondas was not one of the companies specifically mentioned in The Journal's report. But as a leading provider of autonomous drones and counter-drone systems, the defense contractor does stand to benefit from the rapidly rising demand for these technologies among the U.S. military and its allies.
US President Donald Trump could soon appear on a new US$250 bill, in the Republican’s latest move to shatter US traditions by putting his personal stamp on national institutions. A proposal for the new bill, featuring a glaring Trump, was first reported Thursday by The Washington Post. If carried out, it would be the first time the image of a living person - let alone a president - had appeared on...
US President Donald Trump could soon appear on a new US$250 bill, in the Republican’s latest move to shatter US traditions by putting his personal stamp on national institutions. A proposal for the new bill, featuring a glaring Trump, was first reported Thursday by The Washington Post. If carried out, it would be the first time the image of a living person - let alone a president - had appeared on US currency in a century and a half. Advertisement “Right now there is proposed legislation - front of the House, in front of the Senate - to change the first requirement so that a living person, Donald J. Trump, could be on a US$250 bill,” US Treasury Secretary Scott Bessent told a media briefing Thursday. “I don’t think that there’s anything untoward about having the President of the United States, the person who’s president of the United States, on the 250th anniversary bill,” Bessent said. Advertisement He said the Treasury Department has made advance preparations if legislation were passed, but “will stick to the law”.
China’s export prices rose at the sharpest pace in three years, as a global oil shock filters through the world’s manufacturing powerhouse and an AI investment boom sends chip prices soaring. An official measure of China’s overall export prices increased 5% from a year ago in April, the biggest gain since April 2023 and a reversal from years of contraction, according to data published by the Gener...
China’s export prices rose at the sharpest pace in three years, as a global oil shock filters through the world’s manufacturing powerhouse and an AI investment boom sends chip prices soaring. An official measure of China’s overall export prices increased 5% from a year ago in April, the biggest gain since April 2023 and a reversal from years of contraction, according to data published by the General Administration of Customs on Thursday. The data underscores the spillover from the war in Iran hitting the world’s largest exporter of goods. As higher oil prices lift the cost of things from plastics to chemical fibers, some Chinese factories have started raising prices for consumer items including swimsuits and bandages . For the past three years, China has been an important source of cheap goods containing global inflation, as weak domestic demand and intense competition among factories drove prices lower. Now, a sustained reversal of that trend means shoppers in advanced economies like the US could face greater inflation . Exports of mineral fuels — which include petroleum oil — were among categories seeing the biggest price jumps with a 22% gain in April from a year ago. Prices of fertilizers , which are heavily reliant on natural gas, climbed 17%. Several factors beyond the Iran war also drove prices higher. A global AI buildout frenzy has caused a shortage of chips and sent prices soaring. As a result, Chinese exports of electronics and electric machinery surged over 20% in price. Partly driven by the AI boom, non-ferrous metals like copper rallied to record highs in recent weeks, pushing up export prices of copper products. However, the gains in prices were concentrated in a minority of exports. Most products still saw declines in prices, including finished goods such as rubber and plastic products , as well as textile and apparel overall. The mismatch likely shows fierce competition within traditional sectors that’s preventing manufacturers from fully passing on...
William Luque/iStock via Getty Images We frame the article with what I consider the most recent milestone for Taseko Mines ( TGB ), with its new asset in Arizona, where the first pounds of copper cathode were poured. Until that point, the company had been a single-asset producer in Canada, and now it moves to having two operating mines in Tier-1 jurisdictions, a production cost expected to be $1.8...
William Luque/iStock via Getty Images We frame the article with what I consider the most recent milestone for Taseko Mines ( TGB ), with its new asset in Arizona, where the first pounds of copper cathode were poured. Until that point, the company had been a single-asset producer in Canada, and now it moves to having two operating mines in Tier-1 jurisdictions, a production cost expected to be $1.80/lb when Florence is at full capacity, and a development pipeline of almost 10B additional pounds of copper between Yellowhead and New Prosperity. Asset Status 2026E Production 2027E Production Average C1 Cost Gibraltar (BC) Productive 110M-115M lbs Cu 115M-125M lbs Cu $2.30/lb Florence (Arizona) Ramp-up 30M-35M lbs Cu 80M-85M lbs Cu $1.11/lb Yellowhead (BC) In Environmental Assessment (FID estimated 28-29) - $1.90/lb (technical report) New Prosperity (BC) Encumbered post-Teẑtan Biny Agreement (2025) - - - Aley niobium (BC) Scoping study - - - Total operating 140M-150M lbs Cu 195M-210M lbs Cu $1.80/lb blended FY27 Click to enlarge TGB mainly extracts copper through its five assets spread across British Columbia and Arizona. Of this portfolio, the flagship is Gibraltar, a conventional mine with 23 years of useful life ahead, which became 100% owned by the company in 2024 after the consolidation of Cariboo Copper Corp. This asset is accompanied by the aforementioned Florence Copper, which is currently in ramp-up phase with a C1 cash cost, that is, the direct extraction cost, of $1.11/lb, one of the best cost figures globally. With this idea clear, this is when we can introduce the news from March 2, where Hudbay ( HBM ) announced the acquisition of Arizona Sonoran ( ASCUF ) for $1.48B, with a 30% premium over the previous public share price. ASCUF operates the Cactus project in Arizona, a project that technically is practically similar to Florence , since this type of mine dissolves the rock with an acidic solution and then collects everything in liquid form to later convert...
Nvidia (NVDA) stock closed at $212.6 on May 27, down 9.81% from its highest closing price of $235.74 on May 14. The dip comes as a result of a common pattern of volatility for the stock near its earnings report. Nvidia reported its first quarter (Q1) fiscal year 2027 earnings on May 20. Nvidia did ...
Nvidia (NVDA) stock closed at $212.6 on May 27, down 9.81% from its highest closing price of $235.74 on May 14. The dip comes as a result of a common pattern of volatility for the stock near its earnings report. Nvidia reported its first quarter (Q1) fiscal year 2027 earnings on May 20. Nvidia did ...