Latest news with #US500
Yahoo
3 days ago
- Business
- Yahoo
CME Group Chairman and Chief Executive Officer Terry Duffy to Present at Piper Sandler Global Exchange and Trading Conference
CHICAGO, May 30, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that Terry Duffy, Chairman and Chief Executive Officer, will present at the Piper Sandler Global Exchange and Trading Conference on Thursday, June 5, 2025, at 1:30 p.m. (Eastern Time). The presentation will be available for livestreaming via CME Group's Investor Relations website. Please allow extra time prior to the presentation to visit the site and download the streaming media software required to listen to the online broadcast. An audio webcast will be available for replay at the same address approximately 24 hours following the conclusion of the conference. As the world's leading derivatives marketplace, CME Group ( enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. CME-G View original content: SOURCE CME Group
9 News
21-05-2025
- Business
- 9 News
Trump's 'Golden Dome' missile shield could cost hundreds of billions
Your web browser is no longer supported. To improve your experience update it here The Pentagon has submitted small, medium and large options to the White House for developing "Golden Dome," US President Donald Trump's vision for a cutting-edge missile shield that can protect the country from long-range strikes that will likely cost hundreds of billions of dollars, according to multiple sources familiar with the plans. Trump is expected to announce his preferred option – and its price point – in the coming days, a decision that will ultimately chart a path forward for funding, developing and implementing the space-based missile defence system over the next several years. Whatever option Trump opts for, it won't be cheap; $US25 billion ($39 billion) has been carved out in next year's defence budget for the system, but the Congressional Budget Office has estimated the US could have to spend more than $US500 billion – over the course of 20 years – to develop a viable Golden Dome. US President Donald Trump speaks about his planned missile defence system in the Oval Office of the White House, on Tuesday, May 20, 2025, in Washington. (AP Photo/Alex Brandon) (AP) The project will also present a bonanza for private contractors as the government won't be able to build it alone, with companies including Elon Musk's SpaceX in the running for highly lucrative contracts related to the system. The US Department of Defence "has developed a draft architecture and implementation plan for a Golden Dome system that will protect Americans and our homeland from a wide range of global missile threats," chief Pentagon spokesman and senior adviser Sean Parnell told CNN in a statement. "The Secretary of Defence and other Department leaders have engaged with the President to present options and look forward to announcing the path forward in the coming days," Parnell added. A key part of the implementation plan will be the establishment of a direct reporting program manager – also known as a "golden dome czar" – who can oversee the development and deployment of the highly complex system, according to three sources familiar with the conversations. General Michael A. Guetlein, vice chief of space operations at the US Space Force, is under close consideration for the role, the sources said, noting he is a four-star general with experience in the procurement of missile defence systems and emerging space-based capabilities. US Space Force vice chief of operations General Michael Guetlein listens as President Donald Trump speaks in the Oval Office of the White House, Tuesday, May20, 2025, in Washington. (AP Photo/Alex Brandon) (AP) For now, however, there is still a lot of uncertainty surrounding Golden Dome and what it will ultimately look like. Another person with direct knowledge of the options said the system would ultimately encompass about 100 programs, many of which already live within the Defence Department or are in development. The one "entirely new" aspect would be the command and control and integration layer of the architecture, this person said. "There are a lot of different flavours of what this could look like," said a senior congressional official familiar with the Pentagon's proposed plans. A comprehensive missile defence shield is a concept the US has pursued for decades but never realised because of gaps in technology and cost. Trump has repeatedly insisted the US needs a missile defence program similar to Israel's Iron Dome, but the systems are orders of magnitude apart. In practical terms, the comparison is less apples to oranges, and more apples to aircraft carriers. A battery of Israel's Iron Dome missile defence system, deployed to intercept rockets. (AP Photo/Ariel Schalit, File) (AP) Israel's Iron Dome missile defence system selectively protects populated areas from short-range threats in a country spanning 20,000 square kilometres, about the size of the US state New Jersey; Trump wants a space-based missile defence system capable of defending the entire US from advanced ballistic and hypersonic missiles. The Defense Intelligence Agency recently released an unclassified assessment titled "Golden Dome for America," underscoring how US adversaries such as China, Russia, Iran and North Korea can target the American homeland with a variety of ballistic missiles, long-range cruise missiles, bombers and hypersonic missiles. The core policy decision for Trump largely centers on next-generation capabilities to defend the US against ICBMs or hypersonic threats, the congressional official added, noting it is clear Golden Dome will require "a "significant research and development effort." Developing such a complex system will require establishing a network of government agencies and private contractors, the makeup of which remains unclear at this early stage, multiple sources familiar with the planning process said. Donald Trump missile defence military USA Technology CONTACT US Auto news: Can you use your phone in the car if it is mounted?
West Australian
16-05-2025
- Business
- West Australian
US President Donald Trump skewers Apple's Tim Cook over iPhone manufacturing pivot to India
President Donald Trump said he's asked Apple's Tim Cook to stop building plants in India to make devices for the US, pushing the iPhone maker to add domestic production as it pivots away from China. 'I had a little problem with Tim Cook yesterday,' Trump said of his conversation with Apple's chief executive in Qatar, where he's on a state visit. 'He is building all over India. I don't want you building in India.' As a result of their discussion, Trump said Apple will be 'upping their production in the United States'. Apple representatives in India did not respond to a request for comment. Trump's comments threaten to throw a wrench into Apple's plan to import most of the iPhones it sells in the US from India by the end of next year, accelerating a shift beyond China to mitigate risks related to tariffs and geopolitical tensions. Apple makes most of its iPhones in China and has no smartphone production in the US — though it's promised to hire more workers at home and pledged to spend $US500 billion domestically over the next four years. Building iPhones from scratch in the US will be extremely difficult even for cash-rich Apple. The supply chain for iPhones and skilled labour for a such a precisely engineered product have been concentrated in China for years, and Apple's only just started forging local partnerships in India. Expensive American labour and manufacturing also makes iPhone production in the US untenable. India, on the other hand, is one of Apple's fastest-growing markets with a vast customer base that aspires to buy its iconic products. The country also has state subsidies to help it expand assembly. 'This is a familiar Trump tactic: He wants to push Apple to localise more and build a supply chain in the US, which is not going to happen overnight,' said Tarun Pathak, research director at tech analytics firm Counterpoint. 'Making in the US will also be much more expensive than assembling iPhones in India.' Apple and its suppliers have accelerated a shift away from the world's No. 2 economy, a process that began when harsh COVID lockdowns hurt production at its largest plant. Tariffs introduced by Trump as well as Beijing-Washington tensions prompted Apple to amplify that effort. The iPhone facilities in India produce more than 40 million units per year, about 20 per cent of Apple's annual output. While Trump has pushed Apple to make iPhones in the US, the lack of domestic engineering and manufacturing talent will make that nearly impossible in the short run. Apple 'has one of the most sophisticated supply chains built out over years,' Pathak said. 'To disrupt that or to completely move out of India or China will be extremely difficult.' Trump's comments suggest he's fine with Apple building its products in India for that market. 'You can build in India if you want, to take care of India,' he said. Trump also discussed tariff negotiations with India, saying the South Asian country has made an offer to drop import taxes on US goods. India has one of the highest tariff barriers in the world and it's very hard to sell American products in the planet's most populous country, Trump said. The bulk of India-made iPhones are assembled at Foxconn Technology's factory in southern India. Tata's electronics manufacturing arm, which bought Wistron's local business and runs Pegatron's operations in India, is another key supplier. Tata and Foxconn are also building new plants and adding production capacity in southern India, Bloomberg News reported previously. Apple assembled $US22 billion worth of iPhones in India in the 12 months through March, increasing production by nearly 60 per cent over the previous year. Bloomberg
The Age
15-05-2025
- Entertainment
- The Age
Sex, drugs and a place in the queue: Waiting in line at the Sean ‘Diddy' Combs trial
Some news organisations had paid $US500 ($775) for a professional line-sitter. This is a miniature industry in New York; you can pay people to wait in line outside court, or at hotspot restaurants such as Lucali in Brooklyn. Then there are the supporters, the court-watchers and the clingers-on. Some appear to have little interest in the case itself, but are drawn to the cameras and the crowds – they rant about Jesus or the Rapture, or hope to be paid to go away. The ones who line up, get through security and go into the court or overflow room are more likely to be supporters of the accused or a victim. One woman, who said she had attended court every day since jury selection began last week, caused a scene in the overflow room by audibly reacting to testimony from Combs' ex-girlfriend Casandra Ventura. She complained that prosecutors should not have brought the case while Ventura was heavily pregnant, and said they would be responsible if any complications arose. Outside the courthouse, the same woman yelled at paparazzi and reporters as they waited for Combs' family. 'Give them their f---ing dignity, pardon my French,' she shouted at the scrum. 'Don't be up in their six feet unless you wanna start.' The Combs case has also attracted a throng of social media influencers. One regularly attending court is Stephanie Soo, a YouTuber and podcaster with 5.6 million followers on TikTok. In a recent video, she compared Combs' appearance to a koala. 'You know koalas, when they get fuzzy – like if it's really humid and they have, like, very fuzzy greyish-white hair,' Soo said. 'He is reminiscent to that.' Other people stopped by the courthouse to catch a glimpse of the commotion. Four young men in T-shirts and shorts, who didn't want to give their names, said Combs was a major music figure when they grew up, even if he had become more of a business mogul than a performer. 'It's super-surprising that something like that would happen,' one man said of the case. 'You never think that somebody that big could be capable of doing stuff like that.' Such is the essence of the celebrity trial, and this one is more salacious than most. We have heard awkward, intimate details about Combs' sexual fantasies, and graphic accounts of how he would realise them. We have glimpsed a world most of us will never access: luxe hotels and boat parties and escorts being flown across the country, and a seemingly endless supply of sex, drugs and money. Loading And we have seen the star witness, Ventura, provide two days of painful, personal evidence while pregnant. Now, she is to be cross-examined by the defence. It is a reminder that justice rarely comes easily.
Sydney Morning Herald
15-05-2025
- Entertainment
- Sydney Morning Herald
Sex, drugs and a place in the queue: Waiting in line at the Sean ‘Diddy' Combs trial
Some news organisations had paid $US500 ($775) for a professional line-sitter. This is a miniature industry in New York; you can pay people to wait in line outside court, or at hotspot restaurants such as Lucali in Brooklyn. Then there are the supporters, the court-watchers and the clingers-on. Some appear to have little interest in the case itself, but are drawn to the cameras and the crowds – they rant about Jesus or the Rapture, or hope to be paid to go away. The ones who line up, get through security and go into the court or overflow room are more likely to be supporters of the accused or a victim. One woman, who said she had attended court every day since jury selection began last week, caused a scene in the overflow room by audibly reacting to testimony from Combs' ex-girlfriend Casandra Ventura. She complained that prosecutors should not have brought the case while Ventura was heavily pregnant, and said they would be responsible if any complications arose. Outside the courthouse, the same woman yelled at paparazzi and reporters as they waited for Combs' family. 'Give them their f---ing dignity, pardon my French,' she shouted at the scrum. 'Don't be up in their six feet unless you wanna start.' The Combs case has also attracted a throng of social media influencers. One regularly attending court is Stephanie Soo, a YouTuber and podcaster with 5.6 million followers on TikTok. In a recent video, she compared Combs' appearance to a koala. 'You know koalas, when they get fuzzy – like if it's really humid and they have, like, very fuzzy greyish-white hair,' Soo said. 'He is reminiscent to that.' Other people stopped by the courthouse to catch a glimpse of the commotion. Four young men in T-shirts and shorts, who didn't want to give their names, said Combs was a major music figure when they grew up, even if he had become more of a business mogul than a performer. 'It's super-surprising that something like that would happen,' one man said of the case. 'You never think that somebody that big could be capable of doing stuff like that.' Such is the essence of the celebrity trial, and this one is more salacious than most. We have heard awkward, intimate details about Combs' sexual fantasies, and graphic accounts of how he would realise them. We have glimpsed a world most of us will never access: luxe hotels and boat parties and escorts being flown across the country, and a seemingly endless supply of sex, drugs and money. Loading And we have seen the star witness, Ventura, provide two days of painful, personal evidence while pregnant. Now, she is to be cross-examined by the defence. It is a reminder that justice rarely comes easily.
