Trump targets EVs, but Tesla’s regulatory credits cash cow lives on: Piper Sandler

The parent company of high-end jewelry brands like Cartier and Van Cleef & Arpels, Richemont, just dropped a financial report that’s raising eyebrows. While they didn’t spell out doom and gloom, there’s enough in the fine print to suggest trouble ahead—maybe slowing sales, economic jitters, or shifting luxury trends. Investors and fashion watchers are reading between the lines.

The article suggests that Social Security’s financial problems might be even worse than official reports let on, raising concerns that future benefit cuts could be deeper than expected. It hints at a gap between the rosier outlook presented by trustees and the harsher reality lurking beneath.

OpenAI and SoftBank’s ambitious $500 billion AI initiative, aimed at revolutionizing the tech landscape, is reportedly hitting roadblocks. Despite the massive investment and high-profile backing, the project is struggling to gain momentum, according to The Wall Street Journal. It seems even big names and deep pockets can’t always guarantee smooth sailing in the unpredictable world of cutting-edge AI.

Editor’s Note: When two heavyweights like OpenAI and SoftBank team up, you’d expect fireworks—but this story shows how even the most well-funded projects can stumble. It’s a reality check for the AI hype train, reminding us that breakthroughs take more than just cash and big ideas. For investors and tech watchers, it’s a signal to temper expectations and keep an eye on execution, not just announcements.

The FAA is looking into a scary close call between a SkyWest passenger jet and a B-52 bomber over North Dakota—the planes came within just 1,000 feet of each other midair. While no one was hurt, it's the kind of near-miss that gives aviation experts pause.

Editor’s Note: This isn't just a "oops, that was close" moment—it's a red flag for air traffic control systems. With crowded skies and military flights sharing airspace, close calls like this raise tough questions about whether current safety protocols are enough to prevent a real disaster.

Praemium Ltd, a financial services company, reported growth in its Funds Under Administration (FUA) during its recent earnings call—a sign that more clients are trusting them with their money. They also announced the launch of their new "Spectrum" platform, which likely aims to streamline investment management or offer new features. While the excerpt doesn’t dive deep into specifics, it suggests the company is expanding its reach and modernizing its tools.

Editor’s Note: For investors and clients, this is a signal that Praemium is growing and innovating—two things you want to see in a financial services firm. Growth in FUA means more assets are being managed, which often translates to stability or increased revenue. The new platform could mean better tech for advisors or end-users, making it easier to handle investments. If you’re in the fintech or wealth management space, this is worth keeping an eye on.