Palmer Luckey's Anduril Secures $5B At $61B Valuation To Supercharge Killer Drone Production

Humanoid Robots Enter The Workforce. How Long Before Workers Revolt? The emergence of the humanoid robotics industry worldwide continues to gather pace. UBS analyst Phyllis Wang noted some of the most recent developments: The 2026 Beijing Humanoid Robot Half-marathon Race reflected the advancement of hardware technology; We are seeing financing accelerate among some companies, including several OEMs focusing on robotics AI and key component manufacturers (such as dexterous hands). For example, TARS has completed a pre-A funding round of US $455m. Local governments, industrial funds and industry leaders are all actively deploying...

UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades There is certainly a growing consensus on Wall Street that the tax-refund sugar high is fading just as consumers' financial profiles deteriorate. The latest read-through comes from UBS analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who warns that a toxic cocktail of macro pressures is likely to crimp restaurant spending in the second half of the year. Geiger warned in a note that elevated gas prices at the pump appear to be offsetting tax-rebate benefits, while...

The US Spends More On 'Defense' Than The Next 8 Countries Combined For the first time on record, the top 15 military spenders allocated more than $2 trillion to defense in 2025. Total global defense spending also reached a record $2.6 trillion, signaling a major shift in geopolitical priorities. Using data from the International Institute for Strategic Studies, this visualization, via Visual Capitalist's Dorothy Neufeld, ranks the 15 countries driving this surge in military spending. While the U.S. still operates on an entirely different scale, the biggest shift is happening in Europe, where countries...