Analysts at William Blair estimate the total addressable market of the agentic AI industry at about $4 trillion. What exactly is agentic AI, and how is it creating such massive expectations? Agentic artificial intelligence is the next stage in AI, a step above the commonly used chatbots that answer questions and try to solve problems.
Analysts at William Blair estimate the total addressable market of the agentic AI industry at about $4 trillion. What exactly is agentic AI, and how is it creating such massive expectations? Agentic artificial intelligence is the next stage in AI, a step above the commonly used chatbots that answer questions and try to solve problems.
A cup of coffee and strawberry frosted donut with sprinkles are arranged for a photograph at a Dunkin' Donuts Inc. location in Los Angeles, California, U.S. Patrick T. Fallon | Bloomberg | Getty Images Dunkin' and Buffalo Wild Wings owner Inspire Brands has confidentially filed for an initial public offering, the company announced on Friday. If Inspire goes public, it will be one of the biggest-ev...
A cup of coffee and strawberry frosted donut with sprinkles are arranged for a photograph at a Dunkin' Donuts Inc. location in Los Angeles, California, U.S. Patrick T. Fallon | Bloomberg | Getty Images Dunkin' and Buffalo Wild Wings owner Inspire Brands has confidentially filed for an initial public offering, the company announced on Friday. If Inspire goes public, it will be one of the biggest-ever restaurant offerings. Roark is reportedly seeking a valuation of roughly $20 billion. Inspire was founded in 2018 through a merger between Arby's and Buffalo Wild Wings , backed by private equity firm Roark Capital. Then came more acquisitions: Sonic Drive-In and Jimmy John's. And in 2020, Inspire took Dunkin' and its sister chain Baskin Robbins private in an $11 billion deal. Across those six chains, Inspire has more than 33,300 restaurants worldwide and $33.4 billion in annual system-wide sales, according to the company's website. Inspire isn't the only restaurant company pursuing an IPO. Last month, Jersey Mike's also announced that it confidentially filed with the Securities and Exchange Commission. The market for initial public offerings has been tepid, although that could change later this year. Market volatility, economic uncertainty and recent poor performance among IPO stocks has led to a backlog of listings. However, several blockbuster IPOs, such as the SpaceX offering that could value the company at more than $1 trillion, are anticipated in the coming months. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Earnings Call Insights: RGC Resources (RGCO) Q2 2026 Management view Lawrence Oliver (Senior Vice President of Regulatory & External Affairs) said system investment and customer growth were steady, noting, “We installed 2.7 main miles” and “connected 340 new services in 2026,” while adding, “we renewed 1.5 miles of main and 196 services during the first half of the 2026 fiscal year.” Oliver descri...
Earnings Call Insights: RGC Resources (RGCO) Q2 2026 Management view Lawrence Oliver (Senior Vice President of Regulatory & External Affairs) said system investment and customer growth were steady, noting, “We installed 2.7 main miles” and “connected 340 new services in 2026,” while adding, “we renewed 1.5 miles of main and 196 services during the first half of the 2026 fiscal year.” Oliver described demand trends as softer year-over-year, stating, “Total volumes were down 5% compared to the second quarter of 2025,” and for the first six months, “Total volumes were down 3% compared to the first half of fiscal 2025 with the decline in industrial usage primarily attributable to one customer being the main reason.” Timothy Mulvaney (VP, CFO & Treasurer) highlighted drivers of Q2 profitability, saying, “We had a robust quarter with increased Roanoke gas margins due to the rates that went into effect January 1, combined with higher earnings from our unconsolidated affiliate, MVP, and lower interest expense to overcome higher expenses related to investment in our gas system and inflationary pressures.” Mulvaney flagged refinancing risk and timing, stating, “We do have a $15 million note at Roanoke Gas that matures in August,” and adding, “We are deep in conversations with our lenders to refinance this note,” and “The discussions with lenders have been positive and should allow us to refinance this note at a rate consistent with our plans.” Paul Nester (President, CEO & Director) disclosed an industrial load headwind and an operational issue, saying, “One of our top 5 customers by volume... idled their operations in March,” and, “it’s a headwind really into the second half of 2026.” Nester also said, “We had some damage at our LNG peak shaving facility in the middle of the quarter,” and “we do not expect to have use of our LNG peak shaving facility in the coming winter season.” Outlook Paul Nester (President, CEO & Director) said, “we’ve both narrowed and raised our 2026 e...
Earnings Call Insights: Mach Natural Resources LP (MNR) Q1 2026 Management View "We bought only free cash-flowing assets at discounts to the producing properties PV-10" (CEO & Director Tom Ward), and "we maintain a reinvestment rate of less than 50% of operating cash flow to optimize distributions to shareholders" (CEO & Director Ward). "Starting May 1, we moved in our first rig to start drilling ...
Earnings Call Insights: Mach Natural Resources LP (MNR) Q1 2026 Management View "We bought only free cash-flowing assets at discounts to the producing properties PV-10" (CEO & Director Tom Ward), and "we maintain a reinvestment rate of less than 50% of operating cash flow to optimize distributions to shareholders" (CEO & Director Ward). "Starting May 1, we moved in our first rig to start drilling for oil in the Oswego formation in Kingfisher County, Oklahoma" (CEO & Director Ward), adding that "this shift in drilling will amount to adding 3 oil-weighted rigs by postponing the deep Anadarko dry gas program" (CEO & Director Ward). "The IKAV and Sabinal acquisitions last September have moved our leverage up to approximately 1.3x" (CEO & Director Ward), and "our acquisition strategy is currently on hold unless we find an acquisition that's accretive to our cash available cash go for distribution, using equity to lower our debt levels" (CEO & Director Ward). "For the quarter, our production of 158,000 BOE per day was 16% oil, 70% natural gas, and 14% NGLs" (Chief Financial Officer Kevin White), and "we generated $107 million of cash available for distribution, resulting in a distribution of $0.64 per unit" (CFO White). Outlook "We let pricing dictate where we spend capital" (CEO & Director Ward), and "we can move rigs at really 30- to 45-day intervals" (CEO & Director Ward), framing the 2026 plan as a pivot toward oil while deferring some gas activity. "We'll look to revise guidance as we get moved to the oil program, probably mid-year if and when it's appropriate" (CFO White), and "those cycle times on these wells are shorter than some of our deep gas drilling" (CFO White). "We may also delay the completion of our San Juan Mancos program until 2027 to add another oil rig in the Clear Fork formation" (CEO & Director Ward), while emphasizing timing constraints: "We can't do anything in the New Mexico side until April" (CEO & Director Ward). Financial Results "Total revenu...
Whimsical film shows relay of animals carrying centennial card from Balmoral Castle to naturalist in London King Charles has featured in a surprise birthday tribute to David Attenborough, with a cast of wild animals helping to relay his handwritten congratulatory centenary card. The whimsical film, A Very Special Delivery, begins with the king writing his tribute in the library of Balmoral Castle....
Whimsical film shows relay of animals carrying centennial card from Balmoral Castle to naturalist in London King Charles has featured in a surprise birthday tribute to David Attenborough, with a cast of wild animals helping to relay his handwritten congratulatory centenary card. The whimsical film, A Very Special Delivery, begins with the king writing his tribute in the library of Balmoral Castle. Charles, wearing an animal-themed tie featuring elephants, reflects on more than 60 years of friendship with the renowned naturalist. Continue reading...
Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs Toyota expects a sharp decline in profit as rising material and shipping costs tied to the Iran conflict pressure its business, according to Bloomberg . The automaker projected operating income of ¥3 trillion for the fiscal year ending March 2027, well below both analyst expectations of ¥4.6 trillion and last...
Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs Toyota expects a sharp decline in profit as rising material and shipping costs tied to the Iran conflict pressure its business, according to Bloomberg . The automaker projected operating income of ¥3 trillion for the fiscal year ending March 2027, well below both analyst expectations of ¥4.6 trillion and last year’s ¥3.8 trillion. The company said supply chain disruptions are driving up costs for aluminum, resins, and other materials, while logistics issues remain unpredictable. Toyota estimates the regional conflict could reduce earnings by about ¥670 billion. After the forecast was released, shares dropped as much as 3.5%. Analysts noted Toyota may be giving conservative guidance, but future performance will depend heavily on how long the conflict continues. Julie Boote, an analyst at London-based research firm Pelham Smithers Associates Ltd told Bloomberg: “Toyota did not only miss consensus estimates, but also its own forecast, as auto unit sales came in much weaker than predicted by the automaker. It is still likely that Toyota is once again lowballing its guidance, with earnings upgrades possible during the fiscal year; much depends also on the development of the Iran war.” Toyota expects vehicle sales to dip slightly this year, though hybrid sales are projected to surpass 5 million units for the first time. The company is also focusing more on after-sales services, which it sees as a major future profit driver. Despite record annual revenue of ¥50.7 trillion, quarterly operating profit fell 49% due to tariffs and higher shipping expenses. Meanwhile, Honda just posted an operating loss of 400 billion yen -- its first in the company's history, according to Nikkei . The loss was primarily driven by problems tied to its electric vehicle business and marks the company’s first operating loss since going public in 1957. This is a major decline from the 1.2 trillion yen operatin...
On the Big Take podcast, host David Gura and Bloomberg’s Maria Eloisa Capurro discuss her interview with Boston Fed President Susan Collins. They explore inflation, the economic fallout of the conflict in Iran and how the US central bank might evolve under Kevin Warsh’s leadership. (Source: Bloomberg)
On the Big Take podcast, host David Gura and Bloomberg’s Maria Eloisa Capurro discuss her interview with Boston Fed President Susan Collins. They explore inflation, the economic fallout of the conflict in Iran and how the US central bank might evolve under Kevin Warsh’s leadership. (Source: Bloomberg)
Djokovic loses in three sets to Dino Prizmic in Rome ‘Not ideal preparation’ for French Open later this month Novak Djokovic believes he must accept the “new reality” of his continuous physical struggles in the latter part of his career as his return to competition after an injury-ravaged clay-court season ended in a second-round Italian Open loss to the young Croatian qualifier Dino Prizmic, who ...
Djokovic loses in three sets to Dino Prizmic in Rome ‘Not ideal preparation’ for French Open later this month Novak Djokovic believes he must accept the “new reality” of his continuous physical struggles in the latter part of his career as his return to competition after an injury-ravaged clay-court season ended in a second-round Italian Open loss to the young Croatian qualifier Dino Prizmic, who recovered courageously from a set down to topple his idol 2-6, 6-2, 6-4. Djokovic has not competed since the Indian Wells Masters event two months ago, his only other tournament since his spectacular run to the Australian Open final . As the fourth seed in Rome, he received a first-round bye. Despite starting the match positively, the 38-year-old was outplayed by his 20-year-old opponent, who wore the Serb down physically and played bold tennis to escape with the greatest victory of his career. Continue reading...
Goldman Sachs just spotted a problem that’s hiding inside a remarkably good earnings figure. According to Seeking Alpha, S&P 500 companies apparently posted a blowout Q1 earnings figure, where growth neared 25%. However, Goldman Sachs said the figure was boosted by investment gains at Amazon ...
Goldman Sachs just spotted a problem that’s hiding inside a remarkably good earnings figure. According to Seeking Alpha, S&P 500 companies apparently posted a blowout Q1 earnings figure, where growth neared 25%. However, Goldman Sachs said the figure was boosted by investment gains at Amazon ...