Ericsson Q2 profit beats expectations, but US tariffs crimped margin growth

Manus AI, the company behind a general-purpose AI agent, has reportedly let go of most of its Beijing staff and wiped its presence from Chinese social media platforms like Weibo and RedNote. The move comes as part of a restructuring effort tied to relocating its headquarters to Singapore. Users in China now see a message stating the service isn’t available in their region—a shift from earlier notices about a pending "Chinese version."

Editor’s Note: This isn’t just another corporate reshuffle—it’s a sign of the growing challenges foreign AI firms face in China’s tightly regulated tech landscape. Whether it’s due to compliance hurdles, competitive pressures, or strategic pivots, Manus AI’s abrupt exit raises questions about the viability of Western-aligned AI services in China. For workers and users, it’s a stark reminder of how quickly the ground can shift in this sector.

The UK government is offering drivers discounts of up to £3,750 on electric cars as part of a new push to get more people to ditch petrol and diesel vehicles. It’s essentially a sweetener to make greener options more affordable and speed up the transition to cleaner transport.

Editor’s Note: With climate targets looming and air pollution still a major issue, the government’s betting that cash incentives will nudge more drivers toward electric cars. For anyone on the fence about switching, this could be the push they need—especially with rising fuel costs making petrol and diesel less appealing anyway. It’s a win for both wallets and the environment, assuming the discounts actually move the needle.

Big banks like JPMorgan are raking in strong profits under Trump’s economic policies, with CEO Jamie Dimon praising the U.S. economy’s resilience as the bank posted impressive quarterly earnings.

Editor’s Note: When Wall Street thrives, it often signals broader economic confidence—but it also raises questions about who’s really benefiting. If big banks keep posting record profits while wage growth lags for everyday workers, expect more debate over whether this boom is evenly shared.

State Street, the big financial services firm, just reported better-than-expected earnings and revenue for the quarter. They beat analyst predictions by 18 cents per share, and their revenue also came in higher than forecast.

Editor’s Note: When a major player like State Street outperforms expectations, it’s a sign that their business is holding up well—or even thriving—despite economic uncertainties. That could hint at broader stability (or strength) in financial services, which investors and markets pay close attention to. Plus, it might mean good things for their clients and shareholders.

Cantor Fitzgerald, a major investment firm, is doubling down on its bullish stance for Kratos Defense—a company specializing in military tech and drones. They’ve reaffirmed their "Overweight" rating, which is Wall Street jargon for "we think this stock’s a good bet." Basically, they’re telling investors they expect Kratos to outperform the market.

Editor’s Note: When a heavyweight like Cantor Fitzgerald sticks by its optimistic rating, it’s a signal that analysts see strong potential in Kratos—whether it’s from drone demand, military contracts, or other defense-sector tailwinds. For investors, it’s a nudge to pay attention, especially with global defense spending on the rise. For everyone else? A peek into where the money’s flowing in a shaky world.