MF3d/E+ via Getty Images Baidu's ( BIDU ) artificial intelligence chipmaking unit, Kunlunxin, is aiming for a minimum valuation of $14.7B for its eventual inclusion on the Hong Kong stock exchange, according to the South China Morning Post . The company has also taken measures for an initial public offering on the mainland Chinese market, the report said. China International Capital, a state-backe...
MF3d/E+ via Getty Images Baidu's ( BIDU ) artificial intelligence chipmaking unit, Kunlunxin, is aiming for a minimum valuation of $14.7B for its eventual inclusion on the Hong Kong stock exchange, according to the South China Morning Post . The company has also taken measures for an initial public offering on the mainland Chinese market, the report said. China International Capital, a state-backed investment bank, is helping the company take steps to complete the IPO process. The Chinese government has encouraged the rise of domestic chipmaking companies. What's more, Kunlunxin is also seeking placement on the Sci-Tech Innovation board, dubbed the Star Market, on the Shanghai Stock Exchange. Alibaba's ( BABA ) AI chipmaking subsidiary, T-Head, is also pursuing an IPO. The company designs chips for computing and storage. Tencent ( TCEHY ), another massive China-based corporation, has invested heavily in tech initiatives as well and is considering a large investment in DeepSeek ( DEEPSEEK ), which develops frontier large language models. The company has made a hard push recently to utilize Chinese-designed processors in order to shift away from overreliance on Nvidia's ( NVDA ) GPUs. More on Baidu Baidu: Q4 Results Continue To Re-Affirm Structural Slowdown Baidu: Pivoting To AI Infrastructure, Robotaxis, And Embodied Robotics At A Discount Baidu's Deep Value And The Risks The Market Is Ignoring China halts robotaxi approvals after Baidu outage - report Baidu HK shares jump 8.5%, extend gains on strong cloud momentum
Block (NYSE: XYZ) recently reported its first-quarter earnings, and the numbers were quite strong across the board. Gross profit grew 27% year-over-year, including 38% growth on the Cash App side of the business. The company posted a 25% adjusted operating margin, and customer engagement metrics were extremely strong. In addition, Block raised its full-year guidance to "reflect the strength we are...
Block (NYSE: XYZ) recently reported its first-quarter earnings, and the numbers were quite strong across the board. Gross profit grew 27% year-over-year, including 38% growth on the Cash App side of the business. The company posted a 25% adjusted operating margin, and customer engagement metrics were extremely strong. In addition, Block raised its full-year guidance to "reflect the strength we are seeing across our business." Management now expects adjusted EPS to grow by an impressive 62% year-over-year, fueled by a combination of strong gross profit growth and improving margins. To be clear, all of the key numbers looked great. But the most important part of the story is beyond the headline numbers. Continue reading
Douglas Rissing Federal Reserve Chair Jerome Powell's decision to stay as a governor after May 15 violates all norms, and it would be appropriate if he moved on in the short term, according to Fed Governor Stephen Miran. Powell had said at his post-FOMC rate decision press conference that he'll continue to serve as governor for a time after his chair term ends in May. "I'll say, from my own experi...
Douglas Rissing Federal Reserve Chair Jerome Powell's decision to stay as a governor after May 15 violates all norms, and it would be appropriate if he moved on in the short term, according to Fed Governor Stephen Miran. Powell had said at his post-FOMC rate decision press conference that he'll continue to serve as governor for a time after his chair term ends in May. "I'll say, from my own experience as the incoming Chairman of the Council of Economic Advisors that transitions are important," said Miran, noting that Powell should help with the transition. Miran was speaking in an interview with Fox Business Network's Mornings with Maria with Maria Bartiromo. The Fed governor thinks that cutting rates as well as reducing the balance sheet are important priorities, and to an extent, complementary. He sees shrinking the balance sheet as important in terms of reducing the Fed's footprint in the markets. In terms of the interest rates, he thinks the policy is still modestly restrictive. In April, t he Federal Open Market Committee kept its policy rate unchanged at 3.50%-3.75% for a third straight meeting, citing the uncertainty over the U.S. economic and global macro outlooks. There was an unusual split in the voting during this meeting, which saw four dissenting votes, the highest level of dissent since 1992. Three were against the 'easing bias' in the statement, and Miran was for a cut. "My view is that the labor market is being held back by the Federal Reserve policy being modestly restrictive," Miran told Fox Business. "Other than some bumps that we've had recently, I don't see a reason for why 12 to 18 months from now, inflation is going to be running higher than it is now," he remarked. Additionally, he thinks tariff revenue will be a significant driver of lowering the primary deficit over the near term. He also sees better GDP growth from technological improvements (AI-related) and deregulation. "And we all know that better growth reduces the deficit." When asked...
(RTTNews) - The major European markets finished under water again on Friday for a second straight session, opening firmly lower and then remaining in the red throughout the trading day to end at session lows.
(RTTNews) - The major European markets finished under water again on Friday for a second straight session, opening firmly lower and then remaining in the red throughout the trading day to end at session lows.
Waterfall Asset Management fully exited its position in Apollo Commercial Real Estate Finance (NYSE:ARI) during the first quarter, selling 569,000 shares in a move estimated at $5.92 million based on quarterly average pricing, according to a May 8, 2026, SEC filing. According to a Securities and Exchange Commission (SEC) filing dated May 8, 2026, Waterfall Asset Management sold its entire holding ...
Waterfall Asset Management fully exited its position in Apollo Commercial Real Estate Finance (NYSE:ARI) during the first quarter, selling 569,000 shares in a move estimated at $5.92 million based on quarterly average pricing, according to a May 8, 2026, SEC filing. According to a Securities and Exchange Commission (SEC) filing dated May 8, 2026, Waterfall Asset Management sold its entire holding of 569,000 Apollo Commercial Real Estate Finance shares, with the estimated transaction value totaling $5.92 million based on the average closing price during the first quarter. The fund reported no remaining shares in ARI at quarter end, marking a full exit from the position. Apollo Commercial Real Estate Finance, Inc. is a publicly traded mortgage REIT focused on originating and investing in commercial real estate debt. Apollo Commercial Real Estate Finance, Inc. originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. Apollo Commercial Real Estate Finance, Inc. manages a portfolio of commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. Continue reading
IherPhoto/iStock via Getty Images Energy Transfer LP Common Units ( ET ) reported very strong results recently (May 5th). Revenue came in at $27.77 billion vs. estimates of $26.02 billion. Adjusted EBITDA was $4.94 billion versus Bloomberg consensus estimates of $4.39 billion. Distributable cash flow was $3.5 billion versus estimates of $2.91 billion. This cash flow was due to the higher EBITDA an...
IherPhoto/iStock via Getty Images Energy Transfer LP Common Units ( ET ) reported very strong results recently (May 5th). Revenue came in at $27.77 billion vs. estimates of $26.02 billion. Adjusted EBITDA was $4.94 billion versus Bloomberg consensus estimates of $4.39 billion. Distributable cash flow was $3.5 billion versus estimates of $2.91 billion. This cash flow was due to the higher EBITDA and lower maintenance capital spend of $277 million vs. estimates of $318 million. Strength was largely across the board, especially in natural gas gathering, NGL fractionation, and NGL export. Some highlights are below from the earnings release. ET Q1 results by Segment (ET Q1 Earnings Release) Energy Transfer’s volumes continued to grow during the first quarter of 2026 compared to the first quarter of 2025. NGL and refined products terminal volumes were up 19%, setting a new Partnership record. NGL exports were up 19%, setting a new Partnership record. NGL transportation volumes were up 12%. NGL fractionation volumes were up 11%, setting a new Partnership record. Crude oil transportation volumes were up 8%, setting a new Partnership record. Midstream gathered volumes were up 6%, setting a new Partnership record. The company also raised adjusted EBITDA guidance for the year to $18.2-18.6 billion from $17.45-17.85 billion and the growth capital budget to $5.5-5.9 billion from $5.0-5.5 billion. The table below lays out the operational highlights well. ET Q1 Major Developments (ET Q1 Earnings Presentation) As you can also see below, the business is very well balanced across energy products, with about 90% of adjusted EBITDA being fee-based, consistent with last year. ET Business Mix Adjusted EBITDA (ET Q1 Earnings Presentation) What's interesting about ET is the scale and breadth of growth projects. The company lays out its growth spending for this year well. ET Growth Projects (ET Q1 Earnings Presentation) As a reminder, these projects are generally not started unless they hav...
Jamieson Wellness press release ( JWEL:CA ): Q1 Non-GAAP EPS of C$0.17. Revenue of C$169.8M (+16.3% Y/Y). The company is maintaining its outlook for the 2026 fiscal year and continues to anticipate the following: Consolidated revenue to range between $895M to $935M (9.0% to 13.7% growth) Consolidated Adjusted EBITDA to range from $174M to $181M (9.0% to 13.4% growth) Adjusted diluted earnings per ...
Jamieson Wellness press release ( JWEL:CA ): Q1 Non-GAAP EPS of C$0.17. Revenue of C$169.8M (+16.3% Y/Y). The company is maintaining its outlook for the 2026 fiscal year and continues to anticipate the following: Consolidated revenue to range between $895M to $935M (9.0% to 13.7% growth) Consolidated Adjusted EBITDA to range from $174M to $181M (9.0% to 13.4% growth) Adjusted diluted earnings per share to range from $2.08 to $2.21 (12.5% to 19.5% growth) More on Jamieson Wellness Jamieson Wellness Inc. (JWEL:CA) Q1 2026 Earnings Call Transcript Jamieson Wellness Inc. 2025 Q4 - Results - Earnings Call Presentation Jamieson Wellness Inc. (JWEL:CA) Q4 2025 Earnings Call Transcript Jamieson Wellness reports Q4 results Historical earnings data for Jamieson Wellness
wildpixel/iStock via Getty Images Moderna ( MRNA ) is in the early stages of developing a hantavirus vaccine, though its availability could be years away. Shares are up ~14% in Friday afternoon trading. Hantavirus has received renewed interest recently amid an outbreak of the virus on the MV Hondius that killed three people and infected at least six others, according to the World Health Organizati...
wildpixel/iStock via Getty Images Moderna ( MRNA ) is in the early stages of developing a hantavirus vaccine, though its availability could be years away. Shares are up ~14% in Friday afternoon trading. Hantavirus has received renewed interest recently amid an outbreak of the virus on the MV Hondius that killed three people and infected at least six others, according to the World Health Organization. Moderna, best known for developing an mRNA COVID-19 vaccine, has done early-stage hantavirus vaccine research in coordination with the U.S. Army Medical Research Institute of Infectious Diseases, the company told Bloomberg News . In addition, the biotech has also partnered with the Vaccine Innovation Center at Korea University College of Medicine. Its current research started before the cruise ship outbreak. " These efforts are early-stage and ongoing and reflect Moderna's broader responsibility to develop countermeasures against emerging infectious diseases," Moderna said . An NBC News report stated that prior efforts to develop a hantavirus vaccine have stalled because outbreaks tend to be rare and occur in poor countries where pharmas are less likely to invest. "Our funding agencies don’t put a lot of money into this, because it's likely not to cause the next epidemic or pandemic," Sabra Klein, a Johns Hopkins Bloomberg School of Public Health molecular microbiology and immunology professor, told the news outlet . That likely means a hantavirus vaccine could be years—perhaps a decade or more—away, barring massive government investment and support that was seen during Operation Warp Speed for COVID-19 vaccine development, according to EnsiliTech co-founder Matt Slade. That company began work on a hantavirus vaccine, using an mRNA background, 15 years ago. More on Moderna Moderna's Post-COVID Collapse: Pipeline Risks & Cash Burn Explained Moderna, Inc. (MRNA) Q1 2026 Earnings Call Transcript Moderna, Inc. 2026 Q1 - Results - Earnings Call Presentation FDA halts publica...
Wedbush analyst Dan Ives may be best known for his vocal support of Nvidia and Tesla , but on Friday morning, he reminded investors that he is just as bullish on another mega-cap tech name: Apple (NASDAQ: AAPL) . In a fresh note, Ives lifted his price target on Apple stock from $350 to $400 -- the highest figure any major firm has set on the iPhone maker. From a recent share price of about $293, t...
Wedbush analyst Dan Ives may be best known for his vocal support of Nvidia and Tesla , but on Friday morning, he reminded investors that he is just as bullish on another mega-cap tech name: Apple (NASDAQ: AAPL) . In a fresh note, Ives lifted his price target on Apple stock from $350 to $400 -- the highest figure any major firm has set on the iPhone maker. From a recent share price of about $293, that implies upside of nearly 37%. What has the analyst so bullish? Ives called Apple "the sleeping tech giant about to see a major inflection point in growth" as the company prepares to unveil its long-awaited artificial intelligence (AI) strategy at WWDC 2026 in June. For investors who have grown impatient with Apple's slow pace on AI, it's a compelling argument. And recent results suggest Cupertino doesn't necessarily need a flashy AI moment to keep its current momentum going. But it would certainly help. Continue reading