Blockchain trackers put the cryptocurrency heist in the hundreds of millions of dollars and is already on track to be the largest crypto theft in 2026 so far.
Blockchain trackers put the cryptocurrency heist in the hundreds of millions of dollars and is already on track to be the largest crypto theft in 2026 so far.
Globalstar Inc. shares jumped more than 20% in late trading on a Financial Times report that Amazon.com Inc. is in talks to acquire the satellite provider. The deal would bolster Amazon’s effort to build its own satellite operation, the newspaper reported, citing unidentified people with knowledge of the discussions. The two sides remain in negotiations over some of the transaction’s complexity, t...
Globalstar Inc. shares jumped more than 20% in late trading on a Financial Times report that Amazon.com Inc. is in talks to acquire the satellite provider. The deal would bolster Amazon’s effort to build its own satellite operation, the newspaper reported, citing unidentified people with knowledge of the discussions. The two sides remain in negotiations over some of the transaction’s complexity, the Times said. Bloomberg News reported last year that Globalstar was exploring a potential sale and had early talks with Elon Musk ’s SpaceX, among other potential suitors. Amazon has deployed about 180 internet satellites to orbit in its Leo program, formerly called Project Kuiper. The company aims to operate more than 3,000 low-orbit satellites that will compete with SpaceX’s Starlink service to provide high-speed internet access. Satellite broadband is seen as an increasingly viable alternative to ground-based service, especially for connecting remote or rugged areas. Representatives for Amazon and Globalstar didn’t immediately respond to requests for comment. Apple Inc. likely has a say in Globalstar’s future, people familiar with the matter have told Bloomberg. It provides a Globalstar offering that lets consumers send texts and contact emergency responders when out of cellular range. In 2024, the iPhone maker invested about $1.5 billion in Globalstar to beef up the infrastructure. Apple took a 20% stake in the company as part of the deal.
Tiger Woods turns down the role of United States Ryder Cup captain next year in Ireland, the PGA of America announces, as he steps away from golf following last week's car crash.
Tiger Woods turns down the role of United States Ryder Cup captain next year in Ireland, the PGA of America announces, as he steps away from golf following last week's car crash.
watch now VIDEO 3:31 03:31 Big winners of today's rally are heavily involved in data centers, says Jim Cramer Mad Money with Jim Cramer CNBC's Jim Cramer on Wednesday cautioned that the market's recent rebound is falling short of what investors should expect from a durable rally. "Whenever the market gets clobbered and then starts crawling back, you always hold out hope that there'll be a broad ad...
watch now VIDEO 3:31 03:31 Big winners of today's rally are heavily involved in data centers, says Jim Cramer Mad Money with Jim Cramer CNBC's Jim Cramer on Wednesday cautioned that the market's recent rebound is falling short of what investors should expect from a durable rally. "Whenever the market gets clobbered and then starts crawling back, you always hold out hope that there'll be a broad advance," Cramer said on "Mad Money." But after two days of gains, he added, this is not one of those. "This one is limited, it's small, and it lacks any real leadership that you can hang your hat on." While stocks finished higher in Wednesday's session, with the Dow Jones Industrial Average up 0.48%, the S&P 500 advancing 0.72% and the Nasdaq popping 1.16%, stocks ended off best levels as investors tried to find signs of the Iran conflict tapering. Instead, Cramer noted the rally has been driven largely by data center-related names, particularly memory and storage companies benefitting from artificial intelligence demand. These stocks are rising not because of strong execution, but due to constrained supply, Cramer explained. "They just can't build capacity fast enough," adding that while the group continues to climb, it's not the type of leadership he wants to see. He contrasted that with companies like Nvidia which he said represent the kind of true growth leadership the market needs – firms producing and selling cutting-edge products at scale. He noted particular concern for Microsoft , questioning its ability to capitalize on its dominant position. Despite having the "biggest edge imaginable," he said the company's stock has struggled. Cramer also flagged concerns about broader market participation. Retail stocks showed mixed performance, financials were largely flat, and homebuilders failed to rally meaningfully – signals that economic confidence remains shaky. Ultimately, Cramer said the rally's lack of follow through is telling. "Students of rallies know that the seco...
Expect Electricity Prices To Rise Further, Analysts Warn By Robert Walton of UtilityDive , U.S. electricity prices have risen significantly in recent years, though “national trends mask stark differences” in state prices, according to an April 1 analysis by Lawrence Berkeley National Laboratory and The Brattle Group. Whether you take a “crisis” or “more nuanced view” of the increases - the analysi...
Expect Electricity Prices To Rise Further, Analysts Warn By Robert Walton of UtilityDive , U.S. electricity prices have risen significantly in recent years, though “national trends mask stark differences” in state prices, according to an April 1 analysis by Lawrence Berkeley National Laboratory and The Brattle Group. Whether you take a “crisis” or “more nuanced view” of the increases - the analysis offers both - one thing is likely, according to the report: “Record levels of [investor-owned utility] rate increase requests & regulatory approvals suggest additional near-term price increases absent policy/market actions .” There were $18 billion in rate increases proposed last year , according to the analysis, and about two-thirds of utility rate proposals were approved from 2021-2025. IOU revenue increase requests in 2025 “exceeded any point since the mid-1980s, suggesting continued price increases in near term as regulators consider the requests,” the analysis said. In the “crisis view” of electricity price drivers, national prices have surged since 2019 through 2025, up 33%. There are larger increases in California, the Northeast and parts of the Mid-Atlantic. A third of U.S. households spend more than 5% of their income on electricity , according the report. The “nuanced” view notes that price increases have largely tracked inflation, and 29 states saw a decline in inflation-adjusted prices from 2019-2025. In most areas, electricity burdens are lower than they were in 2019. Residential customers “have faced larger recent retail electricity price increases than have commercial and industrial customers,” the analysis said. From 2019 to 2025 the nominal price of a kilowatt-hour rose 33% for residential customers, 26% for commercial and 27% for industrial. All-sector average retail electricity prices increased 5.3% in 2025 compared to 2024, they said. “Residential retail electricity price increases have been significant: broadly in line with some other household expend...
petesphotography/E+ via Getty Images Frankly, I find myself a bit surprised today. After reporting financial results for the second quarter of its 2026 fiscal year , MSC Industrial Direct ( MSM ) saw its share price drop around 0.8%. I am not surprised that it declined during a day when the market was up nicely. In fact, I am surprised that the stock didn't fall further. Revenue, earnings per shar...
petesphotography/E+ via Getty Images Frankly, I find myself a bit surprised today. After reporting financial results for the second quarter of its 2026 fiscal year , MSC Industrial Direct ( MSM ) saw its share price drop around 0.8%. I am not surprised that it declined during a day when the market was up nicely. In fact, I am surprised that the stock didn't fall further. Revenue, earnings per share, and adjusted earnings per share, all fell short of what analysts were hoping to see. However, the market was likely optimistic about the fact that, year over year, the company is doing quite well. Shares are not what I would consider to be expensive at this time, but they aren't cheap enough to fall into the undervalued category as I typically describe it. That's why I believe that calling it a "Hold" makes the most sense here. That is what I had the company rated when I last wrote about it in April of last year. Whenever I call a company a "Hold," I am making the claim that the stock should perform similar to the broader market for the foreseeable future. In the time that has passed since then, MSC Industrial Direct has outperformed a bit, rising 22.1% while the S&P 500 is up 17.2%. But because of the strong fundamental performance that the business has exhibited, I can understand some degree of outperformance here. I don't think, however, that the company is worthy of change in my overall rating based on its valuation. Disappointment across the board Shares of MSC Industrial Direct ticked slightly lower on April 1st after management announced financial results for the second quarter of the company's 2026 fiscal year. This follows management reporting revenue and profitability that fell short of expectations. However, you should not conflate this with the overall health of the business. In fact, the company, which operates as a leading North American distributor of metalworking, maintenance, repair, and operations, not to mention production fastener and hardware product...
Amazon is in talks to acquire satellite telecommunications group Globalstar, the Financial Times reported on Wednesday, citing people familiar with the matter. Globalstar's shares rose 24% to $85 in extended trading. Both sides were still negotiating some of the complexities of a deal after lengthy talks, according to the report.
Amazon is in talks to acquire satellite telecommunications group Globalstar, the Financial Times reported on Wednesday, citing people familiar with the matter. Globalstar's shares rose 24% to $85 in extended trading. Both sides were still negotiating some of the complexities of a deal after lengthy talks, according to the report.
Altria (NYSE: MO) stock couldn't quite make it over the hump of Hump Day. Investors traded out of tobacco titles generally on a media report that certain products in a regulator's fast-track approval program might not be approved quickly after all. While Altria wasn't as affected as other tobacco companies in the ensuing rout, it did suffer a share price decline of almost 1% on the day. That fast-...
Altria (NYSE: MO) stock couldn't quite make it over the hump of Hump Day. Investors traded out of tobacco titles generally on a media report that certain products in a regulator's fast-track approval program might not be approved quickly after all. While Altria wasn't as affected as other tobacco companies in the ensuing rout, it did suffer a share price decline of almost 1% on the day. That fast-track program was devised by the U.S. Food and Drug Administration (FDA), which looks like it might be slow-walking the initiative. An article published Wednesday morning by Reuters , citing three unidentified sources, said that scientists at the regulator are hesitant to authorize the sale of nicotine pouch products currently under consideration. Image source: Getty Images. Continue reading
Chipmaker Intel has planned to invest another $15 million in SambaNova, a chip startup chaired by Intel CEO Lip-Bu Tan, a Reuters review of corporate records showed. The investment, subject to regulatory approval, would increase Intel's ownership of SambaNova to 9%, the review showed. The backing follows another $35 million that Intel put into SambaNova in February, which, along with other financ...
Chipmaker Intel has planned to invest another $15 million in SambaNova, a chip startup chaired by Intel CEO Lip-Bu Tan, a Reuters review of corporate records showed. The investment, subject to regulatory approval, would increase Intel's ownership of SambaNova to 9%, the review showed. The backing follows another $35 million that Intel put into SambaNova in February, which, along with other financing, had boosted Intel’s stake in the startup to 8.2%, from 6.8% last year. The specifics of this deal and others, previously unreported, show how Intel continues to pursue transactions that may increase the personal fortune of Tan, a wealthy venture capitalist whom the chipmaker hired a year ago to turn the company around.
Chelsea boss Sonia Bompastor criticises VAR after Arsenal's Katie McCabe avoids a red card for pulling Alyssa Thompson's hair during their Women's Champions League quarter-final.
Chelsea boss Sonia Bompastor criticises VAR after Arsenal's Katie McCabe avoids a red card for pulling Alyssa Thompson's hair during their Women's Champions League quarter-final.
Most Hong Kong bosses are law-abiding, but inevitably there are dodgy ones who don’t contribute their share of employee pension on time. They may need to face a greater penalty. Worrying data from the Mandatory Provident Fund Schemes Authority (MPFA) shows that only one in six employers settled the arrears within the two-week deadline. As a result, the authority now proposes more punitive surcharg...
Most Hong Kong bosses are law-abiding, but inevitably there are dodgy ones who don’t contribute their share of employee pension on time. They may need to face a greater penalty. Worrying data from the Mandatory Provident Fund Schemes Authority (MPFA) shows that only one in six employers settled the arrears within the two-week deadline. As a result, the authority now proposes more punitive surcharges in such cases. It’s about time. The current penalty is too lenient. At present, the surcharge for...