The co-founder of the £4bn British tech firm Darktrace, Poppy Gustafsson, has been appointed as the government’s new investment minister.Darktrace, the listed cybersecurity company, was this month sold to a US private equity firm and Gustafsson stepped down as chief executive. She will become a peer.Ministers had been trying to appoint someone to the crucial job for months. Ben Wegg-Prosser, who founded the Global Counsel advisory firm with the Labour grandee Peter Mandelson, turned the job down.The government said Gustafsson would head the Office for Investment as a minister in the Treasury and the Department of Business and Trade. She…
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(Bloomberg) — Advanced Micro Devices Inc. suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence chips but didn’t provide hoped-for information on customers or financial performance.Most Read from BloombergThe stock slid 4% to $164.18 on Thursday, making the biggest single-day drop since Sept. 3. Shares of the company, which hosted an event in San Francisco on Thursday, remain up 11% this year.AMD has emerged as the biggest contender to Nvidia Corp. in the lucrative market for artificial intelligence processors, and Chief Executive Officer Lisa Su argued that its latest chips will exceed…
Oil prices have been on a wild ride recently, dropping from $92 a barrel last year to around $70. Speculations have emerged that Saudi Arabia might aim to push prices down to $50 amid internal disagreements within OPEC+. However, rising tensions in the Middle East are shifting the narrative once again, with fears that a regional war could send crude prices soaring. Just last week, U.S. crude oil surged over 3% as the market braced for potential Israeli strikes on Iran in retaliation for missile attacks. This anxiety led to a significant rally, with the U.S. benchmark West Texas Intermediate…
SEI has launched three new subadvised, active equity ETFs that combine traditional active management with factor investing. The SEI Select Small Cap ETF (SEIS), SEI Select International Equity ETF (SEIE) and SEI Select Emerging Markets Equity ETF (SEEM) each began trading on NASDAQ on Thursday. The ETFs all include a hybrid of fundamental active and factor-based investing, whereby SEI combines its own portfolios – which use quantitative factor-based analysis – with actively managed portfolios run by third-party subadvisors. Source link
This week on Talking Headways, we’re joined by architect Vishaan Chakrabarti to talk about his book The Architecture of Urbanity: Designing for Nature, Culture, and Joy. We discuss the goldilocks density, defining urbanity, the ennui of young architects and much, much more!Check out Chakrabarti’s piece “How to Make Room for One Million New Yorkers,” which appeared in the New York Times last December. His work also appears in Vital City, a New York City-focused online journal dedicated to urban policy.Scroll down below the audio player for an edited excerpt of our conversation, or click here for an unedited, AI-generated transcript of the entire…
This 1995 Jeep Wrangler is a beast. Packed with modifications from top to bottom, it’s ready for any adventure. Under the hood, a supercharged 5.7L LS1 V8 roars with power, delivering impressive torque and horsepower. A Dana 44 axle setup, ARB air lockers, and massive off road tires give it incredible capability, allowing it to conquer any terrain with ease. Inside, it’s just as impressive with heated seats, a GPS, and a full roll cage, ensuring comfort and safety during your adventures. Whether you’re exploring rugged trails, camping in the wilderness, or simply commuting to work, this Jeep is the…
ProMIS Neurosciences Inc., a pharmaceutical company specializing in preparations for neurodegenerative diseases, has officially appointed Neil Warma as its President and Chief Executive Officer (CEO), according to an 8-K filing with the Securities and Exchange Commission. Warma, who has been serving as the interim President and CEO since December 2023, will continue to serve on the company’s Board. The appointment, which took effect on August 1, 2024, comes with a comprehensive compensation package. Warma’s annual base salary has been set at $500,000, along with an annual discretionary bonus with a target of 50% of his base salary. Additionally, he was…
The 1966 Chevrolet Nova, a compact car with a new, customer approved design, saw sales soar to over 163,000 units. The Super Sport, a performance oriented trim, further boosted sales, with over 16,000 buyers opting for the V8 engine. However, the six cylinder engine remained a popular choice, with around 10,000 customers selecting it. The Nova offered a range of engines, from a 90 horsepower four cylinder to a powerful 350 horsepower V8. The Super Sport, initially not offered, quickly became a highly sought after package for Nova enthusiasts. Many customers, eager to enhance their driving experience, customized their Novas…
Global defense spending has sharply risen in recent years, driven by escalating geopolitical tensions. The Russia-Ukraine war, concerns over China’s intentions in the Asia-Pacific, and the ongoing Israel-Gaza conflict have all contributed to a 5.4% annual increase in military budgets since 2021. This surge has pushed global defense spending to an impressive $2.3 trillion in 2024, up from $2 trillion just a few years ago. With regional conflicts intensifying, especially involving Israel and Iran-backed forces, nations are boosting their military investments to ensure they’re prepared for any potential escalation. For instance, the U.S. alone has spent over $22 billion on…
The 1968 Chevelle SS in these photos is a prime example of a restoration project, a car that has likely been sitting for an extended period and now requires a complete overhaul. Despite its obvious rust, the seller claims the frame remains solid, although a thorough inspection is recommended, especially for those seeking a factory spec restoration. While the car boasts a rare roller tach, which was installed on over 19K Chevelles, it’s important to note that this feature is not as exclusive as the remote outside mirror, found in approximately 10K units. The car also includes several extra parts,…