Industrials

Industrials

De Beers Gets a $2.9 Billion Writedown

Photo by Ajay Suresh via CC BY 2.0

De Beers, one of the largest companies in the diamond mining sector, has been battered by the ascendance of cheaper lab-grown gems.

1 min read

Photo by Cemrecan Yurtman via Pexels

Industrials

Heavy Metal Rings Out Loud on Wall Street

Shares of US steel and aluminum companies rose Monday, bolstered by a fresh round of tariff threats from the Trump administration.

2 min read
Photo by Robert Way via iStock

Industrials

Honeywell Becomes Latest of America’s Vanishing Big Industrial Conglomerates to Split

Among the conglomerates to go this route have been Alcoa in 2016, United Technologies in 2018 and, last year, General Electric.

2 min read
Photo via Connor Lin / The Daily Upside

Industrials

Hypersonic Missiles Startup Raises $100 Million for “Non-Nuclear Deterrent”

The startup promises to fill a void in one area where US military research and development has been caught flat-footed.

2 min read

Technology

The State of the Billionaire Space Race

Photo illustration by Connor Lin / The Daily Upside, Photos by Blue Origin and Daniel Oberhaus via CC BY 4.0

Blue Origin is going slower than SpaceX, but it also nailed a massive rocket launch on the first try. Jeff Bezos is back in the space race.

5 min read

Industrials

Europe Spends $11 billion to have an Alternative to Starlink

Photo via ESA/Mlabspace

It’s part of the EU’s goal to build its own spacefaring infrastructure, reducing its dependence on US private companies.

2 min read

Industrials

Activist Investor Elliott Reveals Surprise $5 Billion Stake in Conglomerate Honeywell

Photo by Jetcityimage via iStock

Honeywell may just be the next conglomerate to split into various pieces. At least if Elliott Investment Management has its way.

2 min read

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