Last year, the SEC sued Elon Musk over the way his acquisition of Twitter (now X, and a part of SpaceX) started, and today it announced a settlement that looks like a massive bargain, while Musk's own lawsuit against Sam Altman continues to play out . A week before the Trump administration took over, the department had alleged that by not disclosing he'd purchased more than $500 million in Twitter...
Last year, the SEC sued Elon Musk over the way his acquisition of Twitter (now X, and a part of SpaceX) started, and today it announced a settlement that looks like a massive bargain, while Musk's own lawsuit against Sam Altman continues to play out . A week before the Trump administration took over, the department had alleged that by not disclosing he'd purchased more than $500 million in Twitter stock on time in the spring of 2022, Musk underpaid by at least $150 million, and harmed investors who sold their stock during that time. Now, as reported by Reuters , the SEC has added the Elon Musk Revocable Trust to its lawsuit, which will settle … Read the full story at The Verge.
Palantir posted better-than-expected earnings and hiked its outlook, but investors remained cautious amid broader concerns about the outlook for software stocks.
Palantir posted better-than-expected earnings and hiked its outlook, but investors remained cautious amid broader concerns about the outlook for software stocks.
Investors always stop and take notice when Warren Buffett speaks about the stock market. There's one simple reason for this: The billionaire, who guided Berkshire Hathaway 's investment decisions for 60 years, over that time delivered market-beating returns. While the S&P 500 posted a compounded annual gain of about 10%, Berkshire Hathaway's return topped 19%. So Buffett has proven a clear underst...
Investors always stop and take notice when Warren Buffett speaks about the stock market. There's one simple reason for this: The billionaire, who guided Berkshire Hathaway 's investment decisions for 60 years, over that time delivered market-beating returns. While the S&P 500 posted a compounded annual gain of about 10%, Berkshire Hathaway's return topped 19%. So Buffett has proven a clear understanding of the market and the ability to make wise long-term investing decisions -- even during tough times. Today, Buffett no longer holds the chief executive officer role at Berkshire Hathaway -- he turned that over to Greg Abel at the start of this year – but the investing giant remains chairman of the holding company and still is involved to some degree in the investing process. This past weekend, for the first time, Buffett didn't take a spot on the stage at the Berkshire Hathaway annual meeting -- but he did claim a seat in the front row of the directors' section. Continue reading
Nurphoto | Nurphoto | Getty Images OpenAI Head of Sales James Dyett announced on Monday that he is leaving his role, the latest in a string of high-profile departures at the artificial intelligence company. Dyett joined OpenAI in 2023, right as the company underwent a period of explosive growth following the launch of its ChatGPT chatbot. OpenAI is now valued at more than $850 billion by private i...
Nurphoto | Nurphoto | Getty Images OpenAI Head of Sales James Dyett announced on Monday that he is leaving his role, the latest in a string of high-profile departures at the artificial intelligence company. Dyett joined OpenAI in 2023, right as the company underwent a period of explosive growth following the launch of its ChatGPT chatbot. OpenAI is now valued at more than $850 billion by private investors, and Dyett led its enterprise sales and its application programming interface (API) sales at different points during his tenure. "The timing feels right," Dyett wrote in a post on X on Monday. "I'm drawn back to the early stages of company building, and OpenAI is in a strong place." Dyett's departure comes after a number of executive leadership shakeups at OpenAI in recent months. Fidji Simo , OpenAI's product and business chief, announced last month that she would take medical leave because of a worsening neuroimmune condition . Kate Rouch, OpenAI's marketing chief, also decided to step down to focus on her cancer recovery, and Brad Lightcap, OpenAI's operating chief, transitioned to a new role focused on "special projects." Weeks later, Bill Peebles , who led OpenAI's defunct short-form video app Sora , and Kevin Weil , the vice president of OpenAI for Science, announced they had departed from their respective roles. Dyett said he is moving to a new role at the venture capital firm Thrive Capital, where he will serve as an Operator in Residence. Thrive is one of OpenAI's longterm backers, and the firm's founder, Joshua Kushner, has a close relationship with OpenAI CEO Sam Altman . "I've been fortunate to work at Thrive-backed companies over the past decade—first Stripe, then OpenAI—and have experienced firsthand their commitment to their companies," he wrote. "I'm excited to pay that forward to founders across the portfolio and stay close to building." WATCH: OpenAI and Anthropic are on a competitive collision course, says Big Technology’s Alex Kantrowitz watch n...
格隆汇5月5日｜美股三大指数集体收跌，道指跌1.13%，标普500指数跌0.41%，纳指跌0.19%。美光科技涨超6%，闪迪涨近6%；均创历史新高。英伟达股价上涨0.02%，谷歌-A股价下跌0.63%，苹果股价下跌1.18%，微软股价下跌0.2%，亚马逊股价上涨1.41%，Meta Platforms Inc Class A股价上涨0.27%，特斯拉股价上涨0.43%，奈飞股价下跌1.13%。
格隆汇5月5日｜美股三大指数集体收跌，道指跌1.13%，标普500指数跌0.41%，纳指跌0.19%。美光科技涨超6%，闪迪涨近6%；均创历史新高。英伟达股价上涨0.02%，谷歌-A股价下跌0.63%，苹果股价下跌1.18%，微软股价下跌0.2%，亚马逊股价上涨1.41%，Meta Platforms Inc Class A股价上涨0.27%，特斯拉股价上涨0.43%，奈飞股价下跌1.13%。
Most people probably don't know much about United Rentals (NYSE: URI) , but it's worth getting to know more about, as it might make you considerably more wealthy. It's not a well-known high-tech stock. Instead, it's the world's largest equipment rental company, with around 1,500 locations worldwide and roughly 4,800 classes of equipment available to rent -- such as forklifts, excavators, storage c...
Most people probably don't know much about United Rentals (NYSE: URI) , but it's worth getting to know more about, as it might make you considerably more wealthy. It's not a well-known high-tech stock. Instead, it's the world's largest equipment rental company, with around 1,500 locations worldwide and roughly 4,800 classes of equipment available to rent -- such as forklifts, excavators, storage containers, porta potties, generators, hand tools, and trucks. Before you start dozing off, know this: Its stock has averaged annual gains of 26% over the past 15 years and 31% over the past decade. Could its shares soar for you, too? What if you invested, say, $10,000 in United Rentals? Let's see. Image source: Getty Images. Continue reading
Stocks in Asia were set to fall Tuesday as a surge in oil prices dragged US equities and bonds lower, with escalating tensions around the Strait of Hormuz raising fresh fears about high energy prices and global inflation. Equity-index futures in Australia, South Korea and Hong Kong all pointed to losses at the open, while signaling a modest gain in Japan. US stock futures were steady in early Tues...
Stocks in Asia were set to fall Tuesday as a surge in oil prices dragged US equities and bonds lower, with escalating tensions around the Strait of Hormuz raising fresh fears about high energy prices and global inflation. Equity-index futures in Australia, South Korea and Hong Kong all pointed to losses at the open, while signaling a modest gain in Japan. US stock futures were steady in early Tuesday trading after benchmarks pulled back from record highs. Brent crude jumped more than 5% to above $114 a barrel on Monday as the US and Iran exchanged fire in the Persian Gulf, drawing in the United Arab Emirates. With oil near a four-year peak, a selloff in Treasuries pushed 30-year yields above 5%. West Texas Intermediate crude opened lower early Tuesday, holding the bulk of Monday’s gains. The US fought off Iran’s attacks as it facilitated the passage of two vessels through Hormuz. Meantime, the UAE blamed an Iranian drone strike for a fire at its Fujairah port and issued several missile alerts for the first time since a truce between Washington and Tehran took hold. A key energy chokepoint, the Strait of Hormuz has become the conflict’s central focus, with Iran able to disrupt flows as the US struggles to restore transit. With traffic constrained since late February, a prolonged standoff risks keeping oil prices high, fueling inflation and disrupting global supplies. “Even if the immediate conflict de-escalates, we expect the aftershocks will remain with us for some time,” said Darrell Cronk at Wells Fargo Investment Institute. “The effects — on energy prices, industrial activity, and geopolitical risk premia — are unlikely to fade quickly.” The wave of violence came after a plan announced by President Donald Trump to help vessels through the critical waterway, with Tehran warning it would strike US forces if they came near Hormuz. Iran will be “blown off the face of the Earth” if it targets American ships in the region, Trump told Fox News. Earlier in the session, f...
BlackBerry (NYSE:BB) , an enterprise security software provider, closed Monday at $5.58, up 2.86%. The stock moved higher as coverage of its QNX automotive software momentum kept the company’s software pivot in the spotlight. Trading volume reached 50.6 million shares, about 341% above its three-month average of 11.5 million shares. BlackBerry IPO'd in 1999 and has grown 190% since going public. S...
BlackBerry (NYSE:BB) , an enterprise security software provider, closed Monday at $5.58, up 2.86%. The stock moved higher as coverage of its QNX automotive software momentum kept the company’s software pivot in the spotlight. Trading volume reached 50.6 million shares, about 341% above its three-month average of 11.5 million shares. BlackBerry IPO'd in 1999 and has grown 190% since going public. S&P 500 slipped 0.40% to 7,201, while the Nasdaq Composite eased 0.19% to finish at 25,068. Among software infrastructure peers, Cisco Systems closed at $92.63, up 0.85%, and Palo Alto Networks ended at $184.56, gaining 1.92%. BlackBerry’s resurgence to popularity as a turnaround stock continued to gain steam today after an interview about the company’s QNX unit got a lot of attention from the market. BlackBerry’s “hidden” software from its QNX unit is in over 275 million cars on the road. BB works with all 10 of the top automakers and 24 of the top 25 EV makers, helping securely deliver features such as advanced driver assistance systems and the critical software that powers vehicles. Continue reading
(RTTNews) - Vornado Realty Trust (VNO) on Monday reported first-quarter results with revenue slightly declining from last year, while the company swung to a net loss.
(RTTNews) - Vornado Realty Trust (VNO) on Monday reported first-quarter results with revenue slightly declining from last year, while the company swung to a net loss.
HNvisual/iStock via Getty Images McCormick ( MKC ) reported Q1'26 results on March 31 alongside the announcement of its combination with Unilever ( UL ) Foods, and the market's reaction was negative. The stock sold off as investors processed the scale of the transaction. I think that reaction is understandable but wrong. The underlying quarter was strong, and the cost synergies alone make the deal...
HNvisual/iStock via Getty Images McCormick ( MKC ) reported Q1'26 results on March 31 alongside the announcement of its combination with Unilever ( UL ) Foods, and the market's reaction was negative. The stock sold off as investors processed the scale of the transaction. I think that reaction is understandable but wrong. The underlying quarter was strong, and the cost synergies alone make the deal compelling, not to mention the geographic distribution opportunity to get McCormick's products out to new markets. In this article, I'll explain why I'm bullish on McCormick, my thoughts on the Unilever transaction, as well as my thoughts on the valuation and risks to consider. A Look at Q1'26 Results McCormick’s Q1 results were strong, with a beat on both the top and bottom lines. The company delivered a clean quarter. During the quarter, revenues of $1.874 billion were up 16.7% year over year, beating the consensus by $85 million . Roughly 13pts of that growth came from the consolidation of McCormick de Mexico, which closed in January 2026. Overall, this deal was bound to happen since McCormick was essentially buying out the remaining 25% it didn’t already own for $750 million. FX translation contributed another ~3pts with minimal organic growth, but that was broadly in line with expectations. On the bottom line, EPS of $0.66 was 6 cents ahead of sell-side estimates. With the strong results, management reiterated their FY’26 guide, which calls for net sales growth of 13% to 17%, adjusted operating income growth of 16% to 20%, and adjusted EPS of $3.05 to $3.13. Seeking Alpha Company Filings What I find more interesting than the headline beat is the margin trajectory. Gross margins expanded 100 bps to 38.6%, and adjusted operating income grew 19% to $268 million, ahead of the 16.7% sales growth. Margin expansion has come from a combination of the higher margins that the Mexico business carries, the ongoing cost savings across procurement, manufacturing, and supply chain, ...