American construction and mining equipment maker; world leader in heavy machinery.
The government has unveiled a major reform to place technical education on par with academic routes for 14-year-olds, starting from September 2028. The plan links studies to local jobs, expands work experience, and shifts school performance measures to reflect technical pathways. Reactions from unions and educators highlight funding and implementation questions amid a broader debate on youth unemployment and post-16 education.
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
The government has unveiled proposals to introduce technical subjects for 14-year-old pupils from September 2028, aiming to close gaps between vocational and academic paths. The plan has sparked a national debate about whether Britain overvalues degrees or risks limiting opportunities for those who need it most. Education unions demand more funding and clarity while warning that implementation hinges on investment in schools and staff.
Global stocks rally after several earnings surprises push the S&P 500 above 7,700, a fresh intraday record. Palantir surges on forecast-beating revenue; Dow and Nasdaq also hit records as oil prices slip on supply optimism. The market shows resilience despite geopolitical tensions.
Asian tech shares rebound on AI optimism, with SK Hynix, Samsung and TSMC leading gains; analysts say AI demand remains a driver even as volatility persists across region.
SpaceX has reported quarterly results with strong revenue but ongoing losses, highlighting a heavy $18bn capex focus on AI infrastructure. Investors are watching for returns as Starlink remains the profit engine while the AI division remains loss-making and the public market faces a volatile response as lock-up expirations loom.
A wave of robotics and AI upgrades is reshaping manufacturing. Startups like Vsim and Maven are pushing faster simulations and end-to-end automation, while established players such as Agility, Nissan and Caterpillar detail how humanoids and AMRs are being deployed to lift heavy loads, optimize flows and reduce human labor in factories.
The AI infrastructure boom faces mounting debt costs as CoreWeave and peers see higher yields and wider CDS spreads. Investors are growing wary that cash flows will not arrive to justify capex, even as demand for AI services remains robust.