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(RTTNews) – Huntington Ingalls Industries Inc. (HII) and GrayMatter Robotics or GMR announced that they have signed a memorandum of understanding to explore the integration of GMR’s Physical AI into shipbuilding operations. The collaboration aims to accelerate throughput, strengthen the maritime industrial base, and augment the shipbuilding workforce by introducing autonomous surface preparation, coating, and inspection technologies. Under the agreement, the two companies will identify and potentially pursue opportunities in four key areas: developing autonomous shipbuilding capabilities, integrating GMR technologies with other shipbuilding initiatives, workforce training to extend automation, and scaling production of unmanned systems. Together, these efforts are expected…

When stocks trade at or near their 52-week lows, it can be a textbook buy signal for value-seeking investors. In many cases, these stocks are oversold, offering the potential for strong upside, particularly when their falling prices contrast with analysts’ opinions. The opportunity exists in companies where the underlying business remains intact. In today’s market, many stocks are being pulled lower by macroeconomic concerns such as higher interest rates, pressured consumers, and global uncertainty. That’s different than rather company-specific deterioration. That means when fundamentals remain stable or poised to improve, these beaten-down names can offer a compelling entry point for…

remains fundamentally weak, with declining revenue and persistent losses. Earnings are inconsistent, with larger downside surprises dominating. The stock is still in a long-term downtrend, despite short-term consolidation. Upside depends heavily on ABS-201 and partnership catalysts. The stock remains a speculative HOLD with trading potential, not a conviction buy. Investment Thesis Absci represents a classic disconnect between narrative strength and financial weakness. While the company operates at the frontier of AI-driven drug discovery, its financials show a business still struggling to stabilize. At the same time, price action confirms this hesitation: the market is not yet pricing in the full…

Speaking at a press conference last month, the US secretary of defence, Pete Hegseth, criticised CNN’s ‘fake news’ coverage of the US-Israel war on Iran.‘The sooner David Ellison takes over that network, the better,’ he told the room of journalists.If the Ellison family successfully acquire Warner Brothers in a planned $110bn deal, they will become the most powerful media magnates on the planet.In 2025, the family’s company Skydance Media merged with Paramount Global and took control of CBS News. If the Warner Brothers deal proceeds, they will also control HBO and CNN.David Ellison, Paramount’s chief executive, has insisted that CNN’s…

The National Bank of Rwanda (NBR) has warned the public that crypto payments and trades using the local currency remain illegal in the country after Bybit added support for the Rwandan franc for its peer-to-peer platform on Friday. “Crypto-assets are NOT authorized for payments, FRW conversion, or P2P trading involving FRW under the current framework,” the central bank posted to X on Sunday, urging citizens to avoid crypto due to “serious financial risks and no recourse in case of loss.”The central bank’s comments were in response to an X post from Bybit on Friday, stating that the Rwandan franc (FRW) can…

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Satellite view of the Strait of Hormuz, a critical chokepoint for global energy supply, connecting the Persian Gulf to the Gulf of Oman. Gallo Images | Getty ImagesOil prices rose on Sunday with U.S. crude topping $114 per barrel, after President Donald Trump gave Iran until Tuesday to open the Strait of Hormuz or face attacks on its power plants. U.S. crude oil futures for May pared earlier gains to rise 0.5% at $112.08 per barrel at 9:28 p.m. ET. International benchmark Brent prices for June delivery also scaled back to 1.3%, trading at $110.47 per barrel. Trump warned Sunday…

Trump extends Hormuz deadline to Tuesday while escalating threats to destroy Iran’s core infrastructure, keeping pressure high but leaving a narrow diplomatic window.Summary:Trump sets Tuesday 8pm USET deadline for Iran to reopen Hormuz (WSJ reporting, gated)) Deadline effectively extended from Monday Threat escalates to full power grid + bridge destruction Tone extremely aggressive, despite ongoing talk signals Iran pursuing attritional strategy, domestic mobilisation rising Market focus: oil supply risk vs. short-term diplomatic window U.S. President Donald Trump has escalated pressure on Iran, warning that the country’s power infrastructure will be systematically destroyed if Tehran does not reopen the Strait of…

Key PointsShares of UiPath have suffered as investors rethink the value of artificial intelligence, but this company’s solutions serve a proven, marketable purpose.Remitly Global has found a great niche and perfected the way it serves it.Meta isn’t the world’s strongest AI developer, but it doesn’t need to be to reward its shareholders. It just needs to continue doing something constructive with AI.10 stocks we like better than Meta Platforms ›After a brief hiatus, the market’s bigger-picture pullback appears to be back underway, once again led by the names that were once its most popular picks.As veteran investors will still attest,…

United Airlines new Polaris seat on one of its Boeing 787 DreamlinersLeslie Josephs/CNBCDoes it matter where you sit if you’re sipping Champagne in first class? United Airlines is betting that for some travelers looking for luxury at a discount, it doesn’t.The carrier is launching new, cheaper tiers for its top-end Polaris and premium economy cabins that come with many of the same perks — but plenty of restrictions too.Starting this spring, United will offer “Base” Polaris fares which will include a spot in the airline’s long-haul business class cabins featuring lie-flat seats, but will charge those customers extra for advanced…