The Democratic Republic of Congo ’s mines ministry said a landslide in a major tantalum mining area occupied by rebels left many dead on Tuesday. Bloomberg could not immediately confirm the government’s figures and officials for the Rwanda-backed M23 rebel group, which controls the region, did not answer calls, messages and emails requesting comment. The ministry said in a statement that more than...
The Democratic Republic of Congo ’s mines ministry said a landslide in a major tantalum mining area occupied by rebels left many dead on Tuesday. Bloomberg could not immediately confirm the government’s figures and officials for the Rwanda-backed M23 rebel group, which controls the region, did not answer calls, messages and emails requesting comment. The ministry said in a statement that more than 200 people died, including about 70 children, after heavy rains triggered a collapse of “extreme seriousness” near the eastern Congolese town of Rubaya on March 3. The area hosts one of the world’s richest deposits of tantalum-bearing coltan ore which is used in high-tech industries. A collapse at a separate mine around Rubaya in January killed hundreds, according to the rebels and the government. Congo’s government “denounces with the greatest firmness the precarious mining conditions imposed on the civilian population in these areas out of the control of the state,” the ministry said. There was no information about the impact on mining operations in the region. Coltan – which contains both tantalum and niobium – is mainly extracted in Congo using rudimentary methods and often in dangerous conditions by so-called artisanal miners. Several companies have aspired to mechanize mining operations in the region, especially at Rubaya, but decades of conflict and instability have hampered those efforts. Read more: Mercuria Sizes Up Congo Coltan Mine as Trump Pursues Peace Deal Tantalum plays a crucial role in industries including electronics, aerospace and defense. Congo accounted for 52% of global mined production of the metal last year, while neighboring Rwanda was the No. 2 supplier with a 16% share, estimates the US Geological Survey. Earlier this week, the US Treasury Department sanctioned Rwanda’s army and four of its top officials for backing the M23 movement which occupies a large swath of eastern Congo. “In exchange for its support for M23, Rwanda has gained access to mi...
TLDR Broadcom jumped ~7% pre-market after forecasting AI chip sales above $100 billion in 2027. Q1 FY2026 revenue hit $19.3 billion, up 29% year-over-year, beating consensus. AI semiconductor revenue reached $8.4 billion in Q1, with $10.7 billion projected for Q2. Q2 revenue guidance of $22 billion came in well above the $20.56 billion analyst estimate. Truist reiterated a Buy rating with a $510 p...
TLDR Broadcom jumped ~7% pre-market after forecasting AI chip sales above $100 billion in 2027. Q1 FY2026 revenue hit $19.3 billion, up 29% year-over-year, beating consensus. AI semiconductor revenue reached $8.4 billion in Q1, with $10.7 billion projected for Q2. Q2 revenue guidance of $22 billion came in well above the $20.56 billion analyst estimate. Truist reiterated a Buy rating with a $510 price target following the earnings beat. 💥 Find the Next KnockoutStock! Get live prices, charts, and KO Scores from KnockoutStocks.com , the data-driven platform ranking every stock by quality and breakout potential. Broadcom pre-market surged roughly 7% on Thursday after the chipmaker projected AI chip revenue topping $100 billion in 2027, making a direct challenge to Nvidia’s dominance in the space. Broadcom, $AVGO, Q1-26. AI demand driving record growth. 📊 Adj. EPS: $2.05 🟢 💰 Revenue: $19.31B 🟢 📈 Net Income: $7.35B AI semiconductor revenue hit $8.4B, up 106% YoY. Momentum accelerating into next quarter? pic.twitter.com/XSwCkgpfda — EarningsTime (@Earnings_Time) March 4, 2026 The company reported Q1 fiscal 2026 revenue of $19.31 billion, a 29% jump year-over-year. That edged past the consensus estimate of $19.26 billion, with the semiconductor segment outperforming by 0.9%. AI semiconductor revenue came in at $8.4 billion for the quarter, slightly ahead of Truist’s model of $8.2 billion. The software segment was the one soft spot, missing consensus by 2.8%. Broadcom Inc., AVGO Earnings per share of $2.05 beat the unguided consensus of $2.03. EBITDA landed at $13.13 billion, or 68% of revenues — 2.9% above analyst expectations and 100 basis points above Broadcom’s own guidance. Operating margin came in at 66.4%, 70 basis points above the consensus of 65.7%. Big AI Commitments in the Pipeline Broadcom said it plans to deliver 3 gigawatts of tensor processing units to Anthropic in 2027. It also plans to ship OpenAI’s first custom AI chip — delivering over 1 gigawatt — in the...
Chayada Jeeratheepatanont/iStock via Getty Images By Rich Hill, Global Head of Real Estate Research & Strategy European real estate fund returns accelerated into year-end 2025, with selectivity remaining a key driver of performance. European ODCE indices have now posted seven consecutive quarters of positive returns and continue to outperform their U.S. peers, where dispersion between top- and bot...
Chayada Jeeratheepatanont/iStock via Getty Images By Rich Hill, Global Head of Real Estate Research & Strategy European real estate fund returns accelerated into year-end 2025, with selectivity remaining a key driver of performance. European ODCE indices have now posted seven consecutive quarters of positive returns and continue to outperform their U.S. peers, where dispersion between top- and bottom-quartile funds has been more pronounced. In addition, focused residential and retail strategies in Europe are outperforming multisector peers, which are likely to have greater exposure to the still-lagging office sector. Open-ended core fund returns accelerate Driven by higher capital returns, the European ODCE index posted net cash returns of +1.12% (local currency) in 4Q25, its seventh consecutive positive quarter. Returns accelerated from +0.83% in 3Q25 as capital returns improved to +0.37%. For 2025 as a whole, the index returned +3.7%, supported primarily by income (+3.1%) and modestly positive capital returns (+0.6%). In the U.S., the ODCE index posted a +0.7% net return in 4Q25, driven by income (+0.79%) and slightly offset by negative capital returns (-0.1%). Full-year net returns reached +2.9%, with income (+3.2%) outweighing softer capital performance (-0.3%). Historically, the U.S. ODCE index has outperformed Europe in roughly two-thirds of quarters since 3Q11, with annualized returns of +6.4% versus +3.4%. However, this trend has reversed since early 2023, with Europe outperforming in nine of the past twelve quarters. The recent outperformance of Europe is consistent with our view that the Eurozone is benefitting from an improving economic outlook and lower sovereign debt yields, making leverage more accretive even as cap rates are tighter. Indeed, as of 3Q25, Europe’s unlevered asset-level total returns across all property and strategy types stood at +6.8% over the trailing four quarters, compared to +4.9% for the U.S. as of 4Q25. This is in line with forec...
Miessler’s arguments aligns with several viral doomsday essays that jumped the track from social media to stock markets and rattled investors in February: Matt Shumer ‘s prediction of just 18 months left for knowledge work and Citrini Research ‘s gloomy scenario of a 2028 rocked by white-collar recession. Miessler has been arguing this for some time, though: “Capital has always seen labor as a fou...
Miessler’s arguments aligns with several viral doomsday essays that jumped the track from social media to stock markets and rattled investors in February: Matt Shumer ‘s prediction of just 18 months left for knowledge work and Citrini Research ‘s gloomy scenario of a 2028 rocked by white-collar recession. Miessler has been arguing this for some time, though: “Capital has always seen labor as a foul necessity,” he wrote in December 2025 . “The moment they could find any way to reduce or eliminate it, they would.” “When I say zero, I mean zero workers. As in factory [or] machine jobs. Like regular working people,” will be out of a job in the AI boon. There may be some “few rockstar generalist managers,” Miessler said, but they too might soon become obsolete, working to manage their AI counterparts “until superintelligence, but that’s not even worth commenting on because who knows what that world looks like.” “This whole AI thing isn’t really anything special in that frame. It’s just the thing that allows us to continue what the Industrial Revolution started,” Miessler said, adding he wasn’t throwing the “zero” number around—there’s a specific reason why he truly believes no one will be working. Not only can the work be done by a machine at a cheaper and achieve higher levels of consistency and reliability, Miessler told Fortune, but the same is true of AI, just swap out mechanics for intelligence. In a statement to Fortune, Miessler doubled down, adding the rational is pure economics 101. “It is my belief that companies would rather be doing all the work themselves if they could, as opposed to paying humans to do it. Just the same way that they would rather have machines in a factory than have a bunch of humans doing those machine jobs.” It’s a blunt claim. But Miessler, who now runs a company called Unsupervised Learning that focuses on “upgrading humans” for an AI-driven world, argued that this isn’t cynicism—it’s capitalism following its oldest instinct. “The idea...
Map Shows Latest U.S. Robotaxi Deployment Goldman analysts, led by Eric Sheridan, updated clients this week on the latest developments in the North American autonomous vehicle rideshare market. They point out that the AV rideshare market continues to expand as Uber, Lyft, Waymo, and Zoox roll out AV operations nationwide. Readers will notice that the commercial AV deployments this year, including ...
Map Shows Latest U.S. Robotaxi Deployment Goldman analysts, led by Eric Sheridan, updated clients this week on the latest developments in the North American autonomous vehicle rideshare market. They point out that the AV rideshare market continues to expand as Uber, Lyft, Waymo, and Zoox roll out AV operations nationwide. Readers will notice that the commercial AV deployments this year, including Uber, Lyft, Waymo, and Zoox (Tesla in Texas), are full steam ahead. Key AV deployment announcements for Uber, Lyft, and Waymo in 4Q25 Key AV deployment announcements for Uber, Lyft, and Waymo YTD 2026 One of the most fascinating charts Sheridan produced for clients shows the miles between accidents for Waymo and Tesla. Here's more on the safety data: Based on available crash data from the National Highway Traffic Safety Administration (NHTSA) from July 2025 through mid-January 2026, and disclosures from Waymo (for all US cities it's operating in commercially) and Tesla (for Austin) around trips/miles driven by their respective robotaxi services, we estimate that Tesla has an accident (regardless of fault) every 45K-60K miles, while Waymo has an accident (regardless of fault) every 60K-110K miles. We note that these datapoints reflect driverless miles (including those with a safety observer/monitor for Tesla) and do not include manually operated vehicles and accidents in cities without public rides being offered. We show estimated monthly miles between accidents for both companies in Exhibit 1. Note that Tesla's miles between accidents were ~1.5K miles in July and Tesla did not have any reported accidents in August. Further, note that January data only captures known/reported accidents through January 15th and further accidents are typically reported in the following month's data (i.e., February data). Note that because Tesla's fleet in Austin is a mix of vehicles, both with and without a safety monitor, and because there are differences in where the rides are occurring (wit...
As consumers, we tend to think more is better than less ... especially when that "more" is free. As investors, though, you should be cautious of adopting the same mindset and embracing so-called leveraged investments that magnify the market's moves. These instruments often end up doing you more harm than good, if only because they can easily prompt you into making misguided decisions. What are lev...
As consumers, we tend to think more is better than less ... especially when that "more" is free. As investors, though, you should be cautious of adopting the same mindset and embracing so-called leveraged investments that magnify the market's moves. These instruments often end up doing you more harm than good, if only because they can easily prompt you into making misguided decisions. What are leveraged ETFs? If you're not familiar with them, they're not complicated. Exchange-traded funds like the ProShares Ultra 2X S&P 500 Fund (SSO +1.42%) move in sync with the S&P 500 (^GSPC +0.78%), but move by twice as much; the Direxion Daily S&P 500 Bull 3x Shares (SPXL +2.06%) move three times as much as the underlying index. It's not just bullish funds based on broad market indexes, though. The Direxion Daily Semiconductor Bull 3x Shares (SOXL +5.99%) magnifies the net movement of semiconductor stocks by a factor of three, while the ProShares UltraPro -3X Short QQQ (SQQQ 4.46%) moves three times as much in the opposite direction as the Invesco QQQ Trust (QQQ +1.52%) does. Yes, you can make gains with this particular ETF while the QQQs are losing ground. Sounds great, right? Expand NYSEMKT : SPXL Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3x Shares Today's Change ( 2.06 %) $ 4.41 Current Price $ 218.35 Key Data Points Day's Range $ 213.31 - $ 220.31 52wk Range $ 87.08 - $ 234.09 Volume 59K There's a reason, however, these seemingly no-brainer investment vehicles haven't caught on in a big way even though they've been around for a long, long time. Several reasons, actually. One of them is the simple fact that they don't consistently work nearly as well as intended. Their managers utilize futures and/or options to produce leveraged results. These are instruments that inherently lose value over time, and they significantly fall short of expectations when the market stagnates. They're also relatively expensive to constantly trade. For perspective, the ProShares Ultr...
"It's not a trilogy. Arcs aren't wrapped up. It's like in the way you take my book, it's like if you expand it all of part one, all of part two, all parts, it would be huge like that.
"It's not a trilogy. Arcs aren't wrapped up. It's like in the way you take my book, it's like if you expand it all of part one, all of part two, all parts, it would be huge like that.
↗️ Broadcom (AVGO): The semiconductor and software maker's quarterly results beat forecasts. Artificial-intelligence revenue more than doubled. Shares rallied roughly 7% in premarket trading. ↗️ FedEx (FDX): The parcel-delivery company said that, where safe, it had resumed its pick-up and drop-off services across the Middle East.
↗️ Broadcom (AVGO): The semiconductor and software maker's quarterly results beat forecasts. Artificial-intelligence revenue more than doubled. Shares rallied roughly 7% in premarket trading. ↗️ FedEx (FDX): The parcel-delivery company said that, where safe, it had resumed its pick-up and drop-off services across the Middle East.
Key sectors identified for breakthroughs include semiconductors, high-end industrial machinery and advanced instruments. Photo: VCG China is placing advanced manufacturing, artificial intelligence (AI) and other cutting-edge technologies at the center of its economic strategy as it launches a new five-year development plan aimed at boosting innovation and strengthening the real economy. In the ann...
Key sectors identified for breakthroughs include semiconductors, high-end industrial machinery and advanced instruments. Photo: VCG China is placing advanced manufacturing, artificial intelligence (AI) and other cutting-edge technologies at the center of its economic strategy as it launches a new five-year development plan aimed at boosting innovation and strengthening the real economy. In the annual government work report delivered Thursday, Premier Li Qiang said China would continue to focus on high-quality growth in 2026, prioritizing technological innovation, industrial upgrading and the development of new quality productive forces.
The deadly US-Israeli military strikes on Iran have triggered an outpouring of public sympathy and support in China, with many social media users condemning the attacks and discussing ways to help. The Iranian embassy in China thanked the “righteous” Chinese public on Thursday for their support, but said it was not accepting financial help from Chinese individuals and organisations for now. “The e...
The deadly US-Israeli military strikes on Iran have triggered an outpouring of public sympathy and support in China, with many social media users condemning the attacks and discussing ways to help. The Iranian embassy in China thanked the “righteous” Chinese public on Thursday for their support, but said it was not accepting financial help from Chinese individuals and organisations for now. “The embassy would like to express its sincere gratitude to the civilised and righteous Chinese people,” the mission said in a statement on its official social media account. Advertisement “Guided by humanitarian compassion, you chose righteousness and stood in solidarity with the Iranian people, strongly condemning the brutal attacks launched by the United States and Israel against Iranian children and civilians. We will always cherish this bond of friendship.” Following an assessment of Iran’s capabilities, the embassy had determined that financial aid from the Chinese public was not urgent at this stage, the statement said. Advertisement But it added that further notifications would follow if the circumstances changed.