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Posted Jun 10, 2025 at 2:47 PM EDT 0 Comments

Posted Jun 10, 2025 at 2:47 PM EDT 0 Comments

The Verge2 days ago

Apple adding digital car key support for more automakers.
According to 9 to 5 Mac, the company said during WWDC that it would soon support digital car keys from 13 additional vehicle brands, including Audi, Cadillac, Chevy, Hyundai, Kia, GMC, Volvo, Rivian, and others. That brings the total number of brands supported to 33. The keys are added to the Wallet app, and can be used to lock, unlock, and start the vehicle using technology like NFC, UWB, or BLE — depending on which are supported by the vehicle.

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Implied Volatility Surging for Allegiant Travel Company Stock Options
Implied Volatility Surging for Allegiant Travel Company Stock Options

Yahoo

time21 minutes ago

  • Yahoo

Implied Volatility Surging for Allegiant Travel Company Stock Options

Investors in Allegiant Travel Company ALGT need to pay close attention to the stock based on moves in the options market lately. That is because the July 18, 2025 $120 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Clearly, options traders are pricing in a big move for Allegiant Travel Company shares, but what is the fundamental picture for the company? Currently, Allegiant Travel Company is a Zacks Rank #3 (Hold) in the Transportation – Airline industry that ranks in the Top 19% of our Zacks Industry Rank. Over the last 60 days, no analyst increased the earnings estimates for the current quarter, while five have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.28 per share to 84 cents in that period. Given the way analysts feel about Allegiant Travel Company right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Allegiant Travel Company (ALGT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

UC Davis breakthrough lets ALS patient speak using only his thoughts
UC Davis breakthrough lets ALS patient speak using only his thoughts

CBS News

time26 minutes ago

  • CBS News

UC Davis breakthrough lets ALS patient speak using only his thoughts

Allowing people with disabilities to talk by just thinking about a word, that's what UC Davis researchers hope to accomplish with new cutting-edge technology. It can be a breakthrough for people with ALS and other nonverbal conditions. One UC Davis Health patient has been diagnosed with ALS, a neurological disease that makes it impossible to speak out loud. Scientists have now directly wired his brain into a computer, allowing him to speak through it using only his thoughts. "It has been very exciting to see the system work," said Maitreyee Wairagkar, a UC Davis neuroprosthetics lab project scientist. The technology involves surgically implanting small electrodes. Artificial intelligence can then translate the neural activity into words. UC Davis researchers say it took the patient, who's not being publicly named, very little time to learn the technology. "Within 30 minutes, he was able to use this system to speak with a restricted vocabulary," Wairagkar said. It takes just milliseconds for brain waves to be interpreted by the computer, making it possible to hold a real-time conversation. "[The patient] has said that the voice that is synthesized with the system sounds like his own voice and that makes him happy," Wairagkar said. And it's not just words. The technology can even be used to sing. "These are just very simple melodies that we designed to see whether the system can capture his intention to change the pitch," Wairagkar said. Previously, ALS patients would use muscle or eye movements to type on a computer and generate a synthesized voice. That's how physicist Stephen Hawking, who also had ALS, was able to slowly speak. This new technology is faster but has only been used on one patient so far. Now, there's hope that these microchip implants could one day help other people with spinal cord and brain stem injuries. "There are millions of people around the world who live with speech disabilities," Wairagkar said. The UC Davis scientific study was just published in the journal "Nature," and researchers are looking for other volunteers to participate in the program.

Lockheed Martin shares sank as much as 7% after a report that the Pentagon is halving F-35 requests for the Air Force
Lockheed Martin shares sank as much as 7% after a report that the Pentagon is halving F-35 requests for the Air Force

Yahoo

time36 minutes ago

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Lockheed Martin shares sank as much as 7% after a report that the Pentagon is halving F-35 requests for the Air Force

Lockheed Martin shares initially fell 7% after a report that the US is reducing its F-35 requests. The Defense Department has reportedly dropped its ask from 48 fighters for the Air Force to 24, The request isn't final, but it could signify changing priorities within the Pentagon under Trump. Lockheed Martin shares dropped as much as 7% on Wednesday after news that the Pentagon is asking for half of the F-35s it initially forecast for the Air Force. The defense contractor's shares recovered to $456 at market close, or about 4.2% lower from $476, the price at the end of Tuesday's trading day. Bloomberg reported on Wednesday that a procurement document sent to Congress indicated the Defense Department is requesting only 24 F-35 Lightning II Joint Strike Fighters for the Air Force, down from 48 that officials projected in the last fiscal year. Per the outlet, the document also proposed 12 F-35s for the Navy and 11 for the Marine Corps, down from 17 and 13 fighters, respectively. Business Insider could not independently verify Bloomberg's report. The Pentagon did not respond to a request for comment sent outside regular business hours. The US is by far Lockheed Martin's biggest customer for the F-35, with plans to buy 2,456 of the aircraft over several decades. The Air Force is supposed to eventually receive 1,763 of that total. When asked to comment on a possible reduction of local F-35 purchases this year, a Lockheed Martin spokesperson told BI in a statement that the fighter is "combat proven, offers the most advanced capability and technology, and is the most affordable option to ensure the US and allies remain ahead of emerging threats." "We will continue to work closely with the Administration, Congress, and our customers to deliver this game-changing capability as the budget process continues in the months ahead," the spokesperson added. A reduced ask for F-35s can potentially be changed by Congress, which is still deliberating on official defense funding for the 2025 fiscal year ending on September 30. Lawmakers have shown they're willing to fund the advanced stealth fighter beyond the Pentagon's requests. When the Air Force requested 48 F-35s from Congress last year, it was instead offered money for 51 of the planes. Doubling the requested budget, however, would be a huge jump from that smaller boost. The reported change could also signify an internal reshaping of the Pentagon's spending priorities under the Trump administration. In February, Defense Secretary Pete Hegseth asked officials to slash 8% of expenses from existing programs over the next five years so the money could be directed to Trump-favored initiatives. His announcement highlighted 17 categories protected from cuts, and the F-35 was not one of them. All of this comes as those in Trump's circles have publicly criticized the F-35 for its cost and relevance amid the rise of drone warfare. Right-wing commentator Laura Loomer, for example, slammed the F-35 program in April as a "scandal that's been quietly draining our nation's resources." And last month, Florida GOP Rep. Matt Gaetz posted on X that the fighter program was a "$1.7 trillion disaster." While some, like Elon Musk, have suggested that drones make crewed fighters obsolete, the US military says it wants to marry the two concepts instead of abandoning the latter. The Air Force has said combining crewed fighters with drone wingmen is a key priority for the F-47, its next-generation air dominance fighter. Lockheed was in the running to produce that fighter, but lost out to Boeing. However, Lockheed CEO Jim Taiclet has said that his firm wants to enhance the F-35 using the tech it created for the failed bid. Taiclet said that plans include automating the sixth-generation fighter and juicing it up to provide most of the capabilities of the F-47 for a fraction of the cost. Read the original article on Business Insider

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