Bank of England rate-setter Alan Taylor called for a faster pace of easing with three more interest-rate cuts this year, as the risk of a hard landing for the UK economy mounts https://t.co/2ntsKA6nBp ...

G's for just a moment and then it settles back to 1G very quickly. So, they should be cool and comfortable right about now. Yeah.About to go back into the cloud line for our booster. I'm loving this shot from the booster. There we go.Now you can see the desert and the and the landing pad. Yeah, that's a great shot of it. Here we go.Long reach. Camera's able. And there's the sonic boom to capture the booster on its descent.Engine relight. Engine. Landing.Booster descent. Nominal. ...

Welcome back. Stocks moving higher today. An S&P record looks to be within reach.New's head of equities and fixed income Sarah Malik is out with her second half playbook and joins me now. Sarah, it's good to see you. Good to see you.So, you know, for as much as has happened in the first half of this year, it's been dramatic. Some of these violent market moves point to point the S&P 500 and the total bond market index are really close to where we started the year, within a few percent. So what should an inve ...

Seeing those actuating of the grid fins that John mentioned. Stage one landing leg deploy. Stage two FTSS saved.Stage one landing confirmed. That was a picture perfect landing. That was great.[Applause]. ...

NEW YORK, UNITED STATES - OCTOBER 04: A view of electric air taxi on display at Grand Central ... More Station's Vanderbilt Hall in New York, United States on October 04, 2024. California-based Joby Aviation unveiled and showed off its electric air taxia small, five-seat helicopter with numerous rotorsat an event in New York City. Toyota invested $894 million into the project along with other companies such as Delta and Uber. (Photo by Selcuk Acar/Anadolu via Getty Images) Anadolu via Getty Images Joby Avia ...

Core Viewpoint - Archer Aviation aims to alleviate urban traffic congestion through electric vertical takeoff and landing (eVTOL) taxi networks, which could significantly reduce travel times in metropolitan areas [1][2]. Company Overview - Founded in 2018, Archer Aviation has focused on developing its Midnight model aircraft and has received some Federal Aviation Administration (FAA) approvals for air taxi services [4]. - The company has established partnerships, including one with United Airlines for a point-to-point network in New York City, and is involved in the Los Angeles Olympic Games in 2028 [5]. Financial Position - As of Q1 2025, Archer Aviation had paid-in capital of $2.79 billion and recently raised $850 million through a common stock offering at $10 per share, estimating $2 billion in liquidity for growth [6]. - The company reported a negative free cash flow of $450 million this year, indicating significant cash burn [6]. Business Model - The Midnight aircraft is estimated to sell for $5 million each, with potential slim profit margins, especially if bulk discounts are applied [9]. - Each eVTOL could generate $1.46 million in annual revenue if fully booked, but profitability is uncertain due to high operating costs and the need for higher ticket prices [10]. Market Challenges - The demand for eVTOL services is uncertain, particularly if potential customers are already paying for traditional airline tickets [10][11]. - The FAA's full approval is necessary before Archer can begin operations, and the company faces significant hurdles in establishing a viable business model [8][11]. Industry Outlook - Even with progress, it may take years for eVTOLs to significantly impact urban traffic, with estimates suggesting that 10,000 air taxi trips a day would still be insufficient to alleviate congestion in major cities [13]. - The current market cap of Archer Aviation is $6.5 billion, with zero revenue generated to date, raising concerns about the stock's valuation and future earnings potential [15].

Core Viewpoint - Archer Aviation (ACHR) is positioned as a potential game-changer in the travel industry with its electric vertical take-off and landing (eVTOL) aircraft, which could alleviate traffic congestion and offer a quieter, zero-emission alternative to traditional air travel [1][6]. Company Overview - Archer is in the early stages of development and has not yet generated revenue, incurring losses of $514 million over the past four quarters [6]. - The company has a significant backlog of approximately $6 billion, including an order from United Airlines for 200 eVTOL aircraft, with an option for 100 more [6]. Production and Goals - Archer aims to produce 650 aircraft annually by the end of the decade, starting with a target of two per month this year [5]. - The Midnight aircraft is designed to accommodate four passengers, necessitating a substantial fleet to establish a strong presence in the air taxi market [5]. Market Potential and Valuation - If Archer achieves a 40x investment return, its valuation could exceed $220 billion, compared to its current market cap of around $5.6 billion [7]. - The potential for significant valuation growth exists if air taxis transform travel, but this scenario depends on various factors, including infrastructure development and regulatory challenges [8][9]. Investment Considerations - While Archer may not guarantee millionaire-making returns, it is considered a growth stock that could be a valuable addition to investment portfolios for those willing to accept associated risks [10]. - A cautious investment strategy is recommended, suggesting that no more than 5% of a portfolio should be allocated to Archer stock to mitigate potential losses while allowing for growth opportunities [11].

Accessible version On Macro & Micro: global growth expectations improve but still weak (net -46%); big reversal in recession odds (net 42% "likely" in April to 36% "unlikely" in June); 66% expect soft landing (8-month high - 16% = no landing, 13% = hard landing); One Big Beautiful Bill to increase US growth say 33% vs 81% to increase US deficit; investors say corporate balance sheets in best health since Dec'15, and most since Jul'13 want companies to return cash to shareholders. On Returns, Risks, Crowds: ...

September. Kelly. >> All right.So still looking maybe for them to lower rates in a few more months. Steve stay right there as we bring in Paul McCulley Pimco's former chief economist Paul always like to speak with you on the eve of these decisions. And so far, the preponderance of evidence has kind of been to the deflationary side of the tariff case.I mean, even what you see, apparel prices slightly lower. There's not a lot in any of the reports up until now, that point towards a lot of price hikes througho ...

So-called "flying taxis" are going mainstream, and investors are rushing into shares of the early market leaders.Joby Aviation (JOBY 10.59%) stock traded up as much as 14.9% at the market open and were up 8.6% as of 10:30 a.m. ET after President Donald Trump signed an executive order aiming to "unleash" development of the company's new flying machines. Markets taking shapeJoby is one of a handful of aerospace companies racing to bring electric aircraft capable of vertical takeoffs and landings, or eVTOLs, t ...