Author: Money Mechanics

(Reuters) -Swedish autonomous trucking company Einride said on Wednesday it has agreed to go public in the U.S.​ through a merger with blank-check firm Legato Merger Corp III ‌in a deal valuing the company at $1.8 billion. The listing comes after a wave of electric ‌vehicle startups went public during the pandemic-era SPAC boom with the aim of capitalizing on the huge demand for clean-energy vehicles and government incentives for the purchase of battery-powered cars. However, since then a number of trucking and ⁠vehicle tech startups including Nikola,‌ Lordstown Motors, and Proterra have gone bankrupt due to competitive pressures, operational…

Silver has climbed back above $50 an ounce after a short period of sideways movement. The rise is being helped by a weaker US dollar, as traders see little chance of an interest rate cut at the . However, upcoming US economic data, especially labor market numbers, could change this outlook. The Senate has just passed a budget bill, ending the government shutdown, which may allow delayed reports to be released soon. For the chances of a 25-basis-point rate cut to increase, the labor data would need to come in weaker than expected. That could push the Fed to keep…

The California FAIR Plan Association is sponsoring its first catastrophe bond, with an initial target to secure $250 million or greater in capital markets backed wildfire reinsurance protection through a Golden Bear Re Ltd. (Series 2026-1) cat bond issuance, Artemis has learned.The California FAIR Plan is an insurer of last resort that was established by statute to ensure that all California property owners can access basic fire insurance when the traditional market is not able to provide coverage. The California FAIR Plan buys a significant reinsurance program, given it writes hundreds of billions of dollars in exposure across the state…

NEXA Lending, formerly known as NEXA Mortgage, is accusing several former NEXA loan officers, managers and former president Mat Grella of executing a coordinated “employee raid” to harm its business. The suit, which was filed on Nov. 5 in Arizona’s Maricopa County Superior Court, claims that Grella, former branch manager Gregory Nichols and Michigan-based Platinum One Lending, which Grella holds an ownership interest in, conspired to recruit NEXA loan officers and use the company’s confidential data to build a competing operation. “NEXA isn’t in the business of playing games,” said NEXA CEO Mike Kortas in a statement to HousingWire. “When…

The U.S. is far ahead of Europe in the race for large AI models — but the picture is different for the application layer, with emerging category leaders such as Lovable, the vibe-coding startup, and Synthesia, which makes AI-generated video for the enterprise. That’s the conclusion made by global VC firm Accel in its 2025 Globalscape report, which focuses on the AI and cloud market. Worth noting: Accel is an investor in both Lovable and Synthesia. According to Accel, European and Israeli cloud and AI applications have raised 66 cents for every dollar raised by their American counterparts in 2025…

(Oil Price)– Shell has challenged an arbitration ruling against it in the long-running dispute with Venture Global over contracted LNG supply, alleging the U.S. LNG exporter withheld information to Shell and the arbitration court. Shell has challenged the arbitration decision at the New York Supreme Court, the supermajor told Reuters on Tuesday. Shell has sued Venture Global for selling LNG on the spot market while foregoing long-term supply contracts because of delaying the commissioning phase of its first LNG plant at Calcasieu Pass. Shell and other major oil and gas firms accused Venture Global in 2023 of profiteering by selling on the…

Stay informed with free updatesSimply sign up to the European companies myFT Digest — delivered directly to your inbox.The writer is principal of research at financial services group MorningstarInvestors have always chased the “technology of tomorrow”. As far back as 1948, the launch of the Television Mutual Fund marked one of the first times retail investors could formally back a specific innovation — betting on the success of the then cutting-edge technology of the television.Yet the Television Mutual Fund, which provided access to a basket of listed companies, also offers a vantage point from which to review how much markets…

HOST: Mark Longo, The Options Insider CME HOT SEAT: Erik Norland, CME Group In this episode, Mark and Erik discuss recent developments in the futures and options market. They cover a wide array of topics, including the impacts of macroeconomic policies on gold and precious metals, the rise of cryptocurrencies like Solana and XRP, and recent movements in the equities and small-cap index. They also delve into new research regarding the Mexican equity market as a diversification opportunity and have an interesting dialogue about the validity of the Phillips Curve in modern economics. The episode provides a comprehensive overview of…

You’ve saved, saved, and saved some more, and now, you’re nearing retirement and have amassed a fortune in your 401(K) and IRA accounts. Nonetheless, you keep on going, right? You keep on saving until you retire. After all, that’s the golden rule of finance.Maybe not.Sometimes, all that diligent saving can actually cause more financial harm than good, particularly when you’ve already hit your retirement savings targets. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on…

Tech stocks resumed their rout Tuesday as market participants fretted about lofty valuations. Indeed, growth-focused technology was the only one of the S&P 500’s 11 sectors to finish in the red, while beaten-down health care and energy stocks saw the biggest gains.Nvidia (NVDA) was one of the more notable decliners, dropping 3% on news SoftBank sold its remaining stake in the artificial intelligence (AI) chipmaker for roughly $5.8 billion.Elsewhere, CoreWeave (CRWV) plunged 16.3% after the AI infrastructure firm, which rents out NVDA chips, reported earnings. While the company disclosed higher-than-expected third-quarter revenue of $1.36 billion – more than doubling on…