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[ad_1] Defense stocks are booming — and according to one of Asia’s biggest investors, allocating capital to the sector doesn’t mean having to abandon ESG initiatives. Speaking to CNBC’s Martin Soong on Wednesday, Rohit Sipahimalani, chief investment officer at Singapore’s state investment fund Temasek, said his team were looking at opportunities in the European defense sector. “Defense is clearly an area where there’s going to be a lot of capital spent, and it’s an area we are looking to see what opportunities there are,” he said. European defense stocks hit a record high on Wednesday, with the Stoxx Europe Aerospace…

[ad_1] JPMorgan thinks Bloom Energy shares are cheap and investors should scoop them up as the company can benefit from President Donald Trump’s recently signed tax and spending bill. The firm upgraded the onsite power generation company to overweight from neutral on Wednesday and raised its price target to $33 per share from $18. JPMorgan’s forecast implies about 36% upside from Tuesday’s close. Bloom Energy produces electricity without combustion via solid oxide fuel cells. “With fuel cells unexpectedly qualifying again for 48E tax credits as part of the OBBB [one big beautiful bill], we believe there is upside to consensus…

[ad_1] Stay informed with free updatesSimply sign up to the Travel & leisure industry myFT Digest — delivered directly to your inbox.Spanish casino operator Cirsa rose on its stock market debut in Barcelona after the Blackstone-owned company pressed ahead with its initial public offering in the face of heightened stock market turbulence. Cirsa’s shares rose as much as 6.7 per cent to €16 at the open, pushing its stock market value to €2.7bn, compared with an IPO valuation of €2.5bn. The shares subsequently pared some of those gains to trade at €15.2. It was Spain’s second-largest IPO this year —…

[ad_1] New York CNN  —  Linda Yaccarino is stepping down as CEO of X after two years leading Elon Musk’s social media company. Yaccarino’s departure comes one day after the company’s Grok chatbot began pushing antisemitic tropes in responses to users. It’s not clear that the events were connected. Her exit also comes months after Musk sold X, his social media company, to xAI, his artificial intelligence company. The move formally combined the two entities that were already closely intertwined, but raised questions about Yaccarino’s role in the new company going forward. Yaccarino announced her exit in a post on…

[ad_1] Getty Images; Alyssa Powell/BI Updated 2025-07-09T09:59:01Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Each year, Business Insider highlights Wall Street’s rising stars. These are executives to watch in investment banking, trading, and investing. All are 35 or younger. Check out our lists over the years. We’re putting together our next list of Rising Stars on Wall Street — and…

[ad_1] Polymarket and Kalshi users called Donald Trump’s election victory. Now, they’re dialing down the threat of a US recession this year.Polymarket, which shot to prominence after its users correctly predicted Trump would comfortably beat Kamala Harris even as polls suggested the race was a coin toss, put the chance of a prolonged economic downturn on Wednesday at 20%, down from 66% in April.Kalshi put the probability at 19%, a sharp decline from 70% in early May.Recession fears spiked when Trump announced tariffs in April. Wall Street braced for higher prices that could delay interest-rate cuts, stall growth, and cost…

[ad_1] New York CNN  —  Nvidia on Wednesday hit $4 trillion in market value, making it the first publicly traded company to hit that milestone. Nvidia stock rose 2.5% after the market opened on Wednesday to hit an intraday record high that pushed its market value above the $4 trillion mark. The US chipmaker has had a remarkable march to record highs and has soared 22% this year, thanks to its leading role powering the artificial intelligence boom. Nvidia beat Apple and Microsoft to the $4 trillion mark. Apple entered this year as the world’s most valuable company at just…

[ad_1] This as-told-to essay is based on a conversation with Tabby Toney, a 37-year-old former software engineer based in Oklahoma, about leaving tech for a blue-collar career. It’s been edited for length and clarity.My path into software engineering wasn’t direct. I followed a friend into tech and started doing manual testing, knowing nothing; I was just doing user-experience work. I self-studied, paid for virtual classes, and bugged all of my software engineer friends until I could get a job as a software engineer.I loved tech because of the intellectual stimulation it provided. I enjoyed the creative problem-solving and critical thinking…

[ad_1] This as-told-to essay is based on a conversation with Sharon Albrecht, an 84-year-old in Reston, Virginia. Albrecht works as an Uber driver and an independent contractor for a home healthcare agency. She said she didn’t plan enough for retirement and has to work to stay afloat financially. Her quotes have been edited for length and clarity.I have no major regrets because I feel that the universe is unfolding my life as it should. I’m 84, and I’ve just gotten started. I don’t worry much about the future.Still, I need to make between $1,500 and $2,000 a month to supplement…

[ad_1] In the 22 years that Emergence Capital has been making investments, the venture capital firm says it’s never lost a partner to another firm.That’s a surprising stat in VC, where partner turnover has become a growing source of anxiety for firms and founders alike. The stakes are high: when a partner leaves a firm to join another or to start their own firm, they may take founder relationships, deal flow, and institutional knowledge with them.Other disillusioned investors are leaving the industry altogether. That churn can also leave a firm’s portfolio companies scrambling to bring in a new board member…