格隆汇3月1日｜小米(1810.HK)在西班牙巴塞隆拿举办的全球发布会上，正式推出首款Vision Gran Turismo概念纯电动智能超跑(Xiaomi Vision GT)。让小米成为首个跻身Vision Gran Turismo(VGT)阵营的中国车企，更是首个以科技公司身份参与该顶级跨界汽车概念专案的品牌，实现了中国汽车工业在全球高级概念车设计领域的全新突破。 上述车型是小米应《Gran...
格隆汇3月1日｜小米(1810.HK)在西班牙巴塞隆拿举办的全球发布会上，正式推出首款Vision Gran Turismo概念纯电动智能超跑(Xiaomi Vision GT)。让小米成为首个跻身Vision Gran Turismo(VGT)阵营的中国车企，更是首个以科技公司身份参与该顶级跨界汽车概念专案的品牌，实现了中国汽车工业在全球高级概念车设计领域的全新突破。 上述车型是小米应《Gran Turismo》系列制作人山内一典的邀请，为GT模拟驾驶平台度身打造，也是小米汽车的重要设计探索项目，集中展现小米在电动化、智慧化领域的技术积淀与设计思考。 Xiaomi Vision GT以由风塑形为核心设计原点，将空气动力学与美学设计深度融合。小米汽车工业设计团队摒弃刻意的棱角雕琢，秉持少即是多的设计思维，追求在不添加任何额外附加件的前提下满足空气动力学要求。座舱采用水滴悬浮形态，每一个曲面都经过空气动力学优化，每一个结构件均设计为翼型切面，实现化零为整的视觉效果与功能体验。
Healthcare is costly, and as we age, we may need more of it. So it's vital to make good decisions regarding healthcare as we approach and enter retirement. One critical decision is whether to choose "original" Medicare or a Medicare Advantage plan . For many years, I had my decision already planned. I wanted a Medicare Advantage plan. But now I'm thinking I'll reverse that and I'll opt for origina...
Healthcare is costly, and as we age, we may need more of it. So it's vital to make good decisions regarding healthcare as we approach and enter retirement. One critical decision is whether to choose "original" Medicare or a Medicare Advantage plan . For many years, I had my decision already planned. I wanted a Medicare Advantage plan. But now I'm thinking I'll reverse that and I'll opt for original Medicare instead. Here's why. Image source: Getty Images. Continue reading
A halt on trade flows through the strait of Hormuz could spell trouble for many developed economies US-Israel war on Iran – latest updates The US-Israeli war on Iran has ignited fears that escalating military aggression in the Middle East could send oil prices soaring, push up prices at the pump and drive a global economic downturn. The US began “major combat operations” in Iran on Saturday mornin...
A halt on trade flows through the strait of Hormuz could spell trouble for many developed economies US-Israel war on Iran – latest updates The US-Israeli war on Iran has ignited fears that escalating military aggression in the Middle East could send oil prices soaring, push up prices at the pump and drive a global economic downturn. The US began “major combat operations” in Iran on Saturday morning, shortly after Israel launched a strike against Tehran. Within hours of the US-Israeli strikes, tankers in the strait of Hormuz were reportedly warned by Iran’s Revolutionary Guard that no ship would be allowed to pass through the world’s most critical oil trade route. Continue reading...
Afghan and Pakistani troops battled along their border, Afghan residents and officials told reporters on Sunday, with the fighting coming alongside multiple strikes including the former US airbase at Bagram. Months of cross-border clashes have flared since Thursday when Afghanistan launched an offensive along the frontier, with Pakistani forces hitting back on the border and from the skies. Reside...
Afghan and Pakistani troops battled along their border, Afghan residents and officials told reporters on Sunday, with the fighting coming alongside multiple strikes including the former US airbase at Bagram. Months of cross-border clashes have flared since Thursday when Afghanistan launched an offensive along the frontier, with Pakistani forces hitting back on the border and from the skies. Residents in multiple areas bordering Pakistan spoke of overnight fighting, while two civilians were...
aprott/iStock via Getty Images USA Rare Earth ( USAR ) has seen more than its fair share of volatility since listing in March 2025. The stock has more than tripled to current levels from the March lows of ~$6, despite giving back most of its gains after spikes over $40 in October 2025, and another in January, which tested highs around ~$32. The company has been propelled by a string of government ...
aprott/iStock via Getty Images USA Rare Earth ( USAR ) has seen more than its fair share of volatility since listing in March 2025. The stock has more than tripled to current levels from the March lows of ~$6, despite giving back most of its gains after spikes over $40 in October 2025, and another in January, which tested highs around ~$32. The company has been propelled by a string of government funding announcements and a separate $1.5B private placement. However, its fundamental story is lacking and based on speculation. Data by YCharts Pre-revenue with an enlarging cost base Apart from a short trading history (<1 year), USAR remains a company with no revenue. During the first three quarters of 2025, no sales were recorded, while adjusted operating expenses have climbed from $8.8M in 2Q25 to $8.9M in 3Q25. This excludes the $3.2M in stock-based compensation, M&A costs, and severance pay. The management expects 4Q25 adjusted OPEX to reach $13M-$15M, reflecting an accelerated hiring spree and commissioning activity at its Stillwater plant. If we steer back to GAAP, we have to work with a noisy set of data. The net loss in 3Q25 was in fact $156.7M, or -$1.64 per share. This was mainly due to a $142M non-cash fair value adjustment on warrant and earn-out liabilities. In 2Q25, GAAP net loss was $142.5M, or -$1.54/share. The net loss is persistent with growing costs. The company finished the third quarter with $257.6M cash in hand and no significant debt. Operating cash flow burn was $21.1M during the first three quarters of 2025. Capex spend has been steadily increasing—$3M/$3.2M/$7.1M in 1Q/2Q/3Q of FY25. This was primarily for improving plant and equipment. Recapitalization keeps it going In January 2026, USAR closed a $1.5B PIPE deal, and issued 69.8M shares at $21.50, with Inflection Point as the anchor investor. Later in the same month, the company announced a non-binding letter of intent with the U.S. Department of Commerce's CHIPS program, which led to up to $1...
VelhoJunior/iStock Editorial via Getty Images A couple of years ago, in early December of 2023, I acknowledged that The Campbell's Company ( CPB ), known back then as Campbell Soup Company, was seeing some deterioration in its business. Despite this, I made the case that the company offered investors some attractive upside. Because of this, I ended up reaffirming it as a ‘buy’ candidate. Since the...
VelhoJunior/iStock Editorial via Getty Images A couple of years ago, in early December of 2023, I acknowledged that The Campbell's Company ( CPB ), known back then as Campbell Soup Company, was seeing some deterioration in its business. Despite this, I made the case that the company offered investors some attractive upside. Because of this, I ended up reaffirming it as a ‘buy’ candidate. Since then, however, the market has strongly disagreed with my assertion. The S&P 500 is up 50.2% since then. But over that same window of time, shares of this prospect are down a whopping 31.9%. Naturally, this is disappointing. And it comes at a time when fundamentals for the business have worsened. Having said that, I maintain that while there are some issues with the company, it is cheap enough to justify a bullish outlook, even with this year's almost certain to be worse off than last year was. Times Have Been Tough Author - SEC EDGAR Data The last couple of years have been a tough time for shareholders of The Campbell's Company. Even though the company has been successful in growing revenue nicely, profitability has taken a hit. In the chart above, you can see financial results for the 2023 through 2025 fiscal years. During that time, revenue expanded from $9.36 billion to $10.25 billion. Some profitability metrics held up well. One great example of this would be EBITDA. It actually increased. Adjusted operating cash flow, which strips out changes in working capital from regular operating cash flow, was virtually flat. But overall net profits and adjusted net profits declined. Author - SEC EDGAR Data The chart above shows financial results for the first quarter of 2026. Unlike what we saw in prior years, this time the business saw a weakening. Sales fell from $2.77 billion to $2.68 billion. But what's interesting is that both categories of revenue for the company took a hit. In the chart below, you can see that, in recent years, the Snacks operations of the company reported co...