Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Gao Yuan looks at the peculiar happenings in Singapore involving the world’s two leading economies. Tech Across the Globe No Claude in Hong Kong: Goldman Sachs staff in the city no longer have access to Anthropic’s Claude, apparently due to a strict interpretation of its ...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Gao Yuan looks at the peculiar happenings in Singapore involving the world’s two leading economies. Tech Across the Globe No Claude in Hong Kong: Goldman Sachs staff in the city no longer have access to Anthropic’s Claude, apparently due to a strict interpretation of its contract with Anthropic following a consultation with the Silicon Valley startup. This may raise concern about the city’s competitiveness as a financial hub . Gemini in the Pentagon: Google has reached an agreement with the US Defense Department for its AI to be used for classified military work, a deal that came together as researchers at the company protested against it. Read how Google justified the move . New iPhone AI: Apple is preparing a major overhaul of the built-in photo-editing features for the iPhone, iPad and Mac, leaning heavily on artificial intelligence. It’s one step toward catching up to Android rivals . Revalued Manifest OS, a startup selling AI software to lawyers, has sealed a $60 million Series A funding round valuing it at $750 million . It was founded by Dan Mishin, an entrepreneur who said he spent tens of thousands of dollars on the legal paperwork to become a US citizen. Invisible red line crossed This week, China showed how far it’s willing to go in the tech race with the US by forbidding Meta’s $2 billion acquisition of Singapore-based AI startup Manus. The agentic AI developer originated from China and agreed a deal with Mark Zuckerberg’s company in December, months after it relocated its headquarters. What had seemed like a promising path for Chinese AI startups looking to go global is now suddenly blocked off. A terse statement from Beijing dictated the unwinding of a deal that had been all but complete — Manus engineers are already working in Meta’s Singapore offices and investors have been paid out. The Manus model for internationalization ...
A rescue operation is underway to transport a young male humpback to deeper waters in the North Sea after it became stranded in the Baltic Sea off Lübeck a month ago. The whale’s ordeal has gripped Germany but there are concerns it may be too fatigued and sick to survive • Stranded whale swims on to barge in German rescue attempt Continue reading...
A rescue operation is underway to transport a young male humpback to deeper waters in the North Sea after it became stranded in the Baltic Sea off Lübeck a month ago. The whale’s ordeal has gripped Germany but there are concerns it may be too fatigued and sick to survive • Stranded whale swims on to barge in German rescue attempt Continue reading...
In this article YUM Follow your favorite stocks CREATE FREE ACCOUNT Facade of a Taco Bell Cantina restaurant in Danville, California, Jan. 8, 2026. Smith Collection | Gado | Archive Photos | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that topped analysts' expectations, fueled by another strong quarter for Taco Bell. Here's what the company reported compared with w...
In this article YUM Follow your favorite stocks CREATE FREE ACCOUNT Facade of a Taco Bell Cantina restaurant in Danville, California, Jan. 8, 2026. Smith Collection | Gado | Archive Photos | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that topped analysts' expectations, fueled by another strong quarter for Taco Bell. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.50 adjusted vs. $1.38 expected Revenue: $2.06 billion vs. $2.04 billion expected Yum reported first-quarter net income of $432 million, or $1.55 per share, up from $253 million, or 90 cents per share, a year earlier. Excluding charges related to its strategic review of Pizza Hut and other items, the company earned $1.50 per share. Net sales climbed 15% to $2.06 billion, lifted by higher revenue from company-owned restaurants. Last year, the company bought more than 100 Taco Bell locations across the Southeast with a goal of accelerating development and profitability. Across Yum, global same-store sales rose 3%, driven by growth at Taco Bell, the gem of the company's portfolio. Taco Bell's same-store sales increased 8%, topping Wall Street's estimates of 5.6% growth, according to a survey by StreetAccount. "Taco Bell delivered an outstanding 8% same-store sales growth, meaningfully ahead of the [quick-service restaurant] industry, building off a very strong Q1 same-store sales growth rate in 2025," Yum CEO Chris Turner said in a statement. KFC reported same-store sales growth of 2%, shy of the 2.5% increase projected by StreetAccount. While the fried chicken chain's international business is considered one of Yum's "growth engines," its U.S. business has struggled in recent years, buckling under increased competition and consumers' value expectations. KFC U.S. system sales fell 2% during the first quarter. To win back customers, KFC is taking some cues from Taco Bell's successful pla...
Avant-garde theater legend Robert Wilson’s final work was a bold reimagining of Melville’s classic. His collaborators explain bringing it to the Brooklyn stage Not far into Herman Melville’s 1851 epic novel Moby-Dick , a shipowner describes the man who will take their whaler on a tragic quest. Captain Ahab, he says, is “a queer man … a grand, ungodly, godlike man”. The same might be said of Robert...
Avant-garde theater legend Robert Wilson’s final work was a bold reimagining of Melville’s classic. His collaborators explain bringing it to the Brooklyn stage Not far into Herman Melville’s 1851 epic novel Moby-Dick , a shipowner describes the man who will take their whaler on a tragic quest. Captain Ahab, he says, is “a queer man … a grand, ungodly, godlike man”. The same might be said of Robert Wilson . By the time he died last July at the age of 83, Wilson had transformed himself from a stuttering, gay son of conservative southern Baptist parents in Waco, Texas, into New York City’s titan of experimental theatre, opera and dance. His shows could be hours long, or even a full week. They could demand an audience to watch a performer walk with astonishing slowness across a stage, or dazzle them with rows of figures striking flamboyant poses before bright screens. Wilson collaborated with his own adopted children, with corps of performers he wrangled himself, with luminaries including Philip Glass and Tom Waits . Early on, he developed an instantly recognizable visual vocabulary, and insisted on using it until the very end. Continue reading...
In the second instalment of Annalisa’a new adventures in chocolate, we explore a range of irresistibly chewy treats I first cemented the allure of the “chew” aged 14, working illegally as a chambermaid (I lied about my age) and finding a guest’s Gummy Bears laid open – a breach I heavily exploited. Recently this chew need has been sated by dates and their use in chocolate as a healthy caramel. Dat...
In the second instalment of Annalisa’a new adventures in chocolate, we explore a range of irresistibly chewy treats I first cemented the allure of the “chew” aged 14, working illegally as a chambermaid (I lied about my age) and finding a guest’s Gummy Bears laid open – a breach I heavily exploited. Recently this chew need has been sated by dates and their use in chocolate as a healthy caramel. Dates do have nutritional benefits over mere sugar: fibre, minerals, antioxidants and make a great pre-workout boost. My favourite, and how it all started, was with Solkiki’s excellent date bonbons : almond ganache in a date, surrounded by 66% Bolivian chocolate. When I’m eating chocolate dates for personal pleasure, the cocoa content needs to be high to counterbalance the tooth-jarring sweetness of dates, so these really did it for me. Another great contender was Sam Joseph’s 70% covered peanut butter medjool dates . Continue reading...
Former Arsenal, Chelsea and England left-back is in his first manager’s job, with playoff-chasing Serie B side, Cesena It has been a long journey for Ashley Cole, but also for his wife, Sharon Canu. It took seven years for Cole to get his first job as a head coach, with Cesena in Italy , having retired from playing. During that time, Sharon had to endure many dinner table tactical briefings with s...
Former Arsenal, Chelsea and England left-back is in his first manager’s job, with playoff-chasing Serie B side, Cesena It has been a long journey for Ashley Cole, but also for his wife, Sharon Canu. It took seven years for Cole to get his first job as a head coach, with Cesena in Italy , having retired from playing. During that time, Sharon had to endure many dinner table tactical briefings with salt and pepper shakers. The pair met a decade ago while Cole was playing for Roma – Canu is from Italy – and that period clearly left a lasting mark beyond the pitch. “I bored her a lot,” Cole says, smiling. Now that he has a dugout of his own, Sharon may finally get the seasoning back. “It was always in our plans to live in Italy because we love the food and the calmness of the country,” Cole says. “She [Canu] told me the fans here are passionate about their team and their city. I had to embrace that, understand what makes them tick, so we can represent them properly.” Continue reading...
Babcock & Wilcox ( BW ) on Wednesday said it has secured more than $21M in new awards for fuel-switching projects in the United States, saying demand for power supports use of coal and natural gas plants. The company said the contracts cover engineering and material supply for projects that convert coal-fired boilers to natural gas and enable multi-fuel capability The work builds on a previously c...
Babcock & Wilcox ( BW ) on Wednesday said it has secured more than $21M in new awards for fuel-switching projects in the United States, saying demand for power supports use of coal and natural gas plants. The company said the contracts cover engineering and material supply for projects that convert coal-fired boilers to natural gas and enable multi-fuel capability The work builds on a previously completed 100-megawatt coal-to-gas conversion project in the fourth quarter of 2025. B&W added it is currently executing about 1200 megawatts of additional conversion projects expected to be completed this year. More on Babcock & Wilcox Enterprises Babcock & Wilcox Enterprises, Inc. 2025 Q4 - Results - Earnings Call Presentation Babcock & Wilcox: The 41% Surge Could Be Just The Beginning Babcock & Wilcox Enterprises, Inc. (BW) Q4 2025 Earnings Call Transcript Industrial stocks hit fresh highs as ceasefire rally lifts infrastructure names Babcock & Wilcox targets $80M–$100M 2026 adjusted EBITDA following $2.4B AI data center contract
Penske Automotive press release ( PAG ): Q1 Non-GAAP EPS of $3.05 beats by $0.17 . Revenue of $7.86B (+3.4% Y/Y) beats by $150M . Record Retail Automotive Service and Parts Revenue Increases 4.6% to $864 Million More on Penske Automotive Penske Automotive Group, Inc. (PAG) Q4 2025 Earnings Call Transcript Penske Automotive Group, Inc. 2025 Q4 - Results - Earnings Call Presentation Penske Automotiv...
Penske Automotive press release ( PAG ): Q1 Non-GAAP EPS of $3.05 beats by $0.17 . Revenue of $7.86B (+3.4% Y/Y) beats by $150M . Record Retail Automotive Service and Parts Revenue Increases 4.6% to $864 Million More on Penske Automotive Penske Automotive Group, Inc. (PAG) Q4 2025 Earnings Call Transcript Penske Automotive Group, Inc. 2025 Q4 - Results - Earnings Call Presentation Penske Automotive Q1 2026 Earnings Preview Penske Automotive targets $2B in annualized revenue from Lexus acquisitions while realigning U.K. operations Seeking Alpha’s Quant Rating on Penske Automotive
It has been a bad six weeks for security firm Checmarx. Over the past 40 days, it has been the victim of at least one supply-chain attack that delivered malware to customers on two separate occasions. Now it has been hit by a ransomware attack from prolific fame-seeking hackers. The streak of misfortunes started on March 19, with the supply-chain attack of Trivy, a widely used vulnerability scanne...
It has been a bad six weeks for security firm Checmarx. Over the past 40 days, it has been the victim of at least one supply-chain attack that delivered malware to customers on two separate occasions. Now it has been hit by a ransomware attack from prolific fame-seeking hackers. The streak of misfortunes started on March 19, with the supply-chain attack of Trivy, a widely used vulnerability scanner. The attackers behind the breach first breached the Trivy GitHub account and then used their access to push malware to Trivy users, one of which was Checkmarx. The pushed malware scoured infected machines for repository tokens, SSH keys, and other credentials. Both a target and delivery mechanism Four days later, Checkmarx’s GitHub account was compromised and began pushing malware to the security firm’s users. The company contained and remediated the breach and replaced the malware with the legitimate apps. Or so Checkmarx thought. Read full article Comments
Bausch + Lomb press release ( BLCO ): Q1 Non-GAAP EPS of $0.05 in-line. Revenue of $1.24B (+8.8% Y/Y) beats by $20M . Adjusted EBITDA (non-GAAP) of $189 Million; Adjusted EBITDA Excluding Acquired IPR&D (non-GAAP)1 of $200 Million Raising Full-Year 2026 Revenue and Adjusted EBITDA Excluding Acquired IPR&D (non-GAAP) Guidance More on Bausch + Lomb Bausch + Lomb Corporation (BLCO) Discusses Glaucoma...
Bausch + Lomb press release ( BLCO ): Q1 Non-GAAP EPS of $0.05 in-line. Revenue of $1.24B (+8.8% Y/Y) beats by $20M . Adjusted EBITDA (non-GAAP) of $189 Million; Adjusted EBITDA Excluding Acquired IPR&D (non-GAAP)1 of $200 Million Raising Full-Year 2026 Revenue and Adjusted EBITDA Excluding Acquired IPR&D (non-GAAP) Guidance More on Bausch + Lomb Bausch + Lomb Corporation (BLCO) Discusses Glaucoma Pipeline Focus With Updates on BL1107 and Elios Transcript Bausch + Lomb Corporation (BLCO) Discusses Glaucoma Pipeline Focus With Updates on BL1107 and Elios - Slideshow Bausch + Lomb Q4 Earnings Review: Still A Buy, With Some Caveats Bausch + Lomb unveils pivotal data for ELIOS System for glaucoma Bausch + Lomb outlines 2026 revenue target of $5.475B with margin expansion driven by dry eye growth
China is flexing its dominance over the global supply chain – claiming the world’s largest reserves of 14 essential minerals, including rare earths and graphite – while preparing to ramp up exploration through the end of the decade. The Ministry of Natural Resources disclosed the information at a monthly media briefing on Wednesday, vowing that China would continue accelerating its search for mine...
China is flexing its dominance over the global supply chain – claiming the world’s largest reserves of 14 essential minerals, including rare earths and graphite – while preparing to ramp up exploration through the end of the decade. The Ministry of Natural Resources disclosed the information at a monthly media briefing on Wednesday, vowing that China would continue accelerating its search for minerals during the 15th five-year plan period spanning 2026 to 2030. The message underscores Beijing’s...
Champions League semi-final first leg was described as ‘pure madness’ and ‘football in its finest essence’ French media were in thrall to a victory hailed as a milestone performance, calling Paris Saint-Germain’s 100th win in the Champions League as “one of the finest” in the club’s history. Bayern Munich will be hoping for a repeat of their goal bonanza when they host the holders in the semi-fina...
Champions League semi-final first leg was described as ‘pure madness’ and ‘football in its finest essence’ French media were in thrall to a victory hailed as a milestone performance, calling Paris Saint-Germain’s 100th win in the Champions League as “one of the finest” in the club’s history. Bayern Munich will be hoping for a repeat of their goal bonanza when they host the holders in the semi-final return leg next Wednesday, with Tuesday’s 5-4 loss in Paris breaking the competition record for most goals in a last-four game. Continue reading...
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Mortgage rates began climbing again last week, and that took a toll on refinance demand. Homebuyers, however, seem finally to be ready for the spring market. Total mortgage application volume fell 1.6% last week compared with the previous week, according to t...
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Mortgage rates began climbing again last week, and that took a toll on refinance demand. Homebuyers, however, seem finally to be ready for the spring market. Total mortgage application volume fell 1.6% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, increased to 6.37% from 6.35%, with points remaining unchanged at 0.61, including the origination fee, for loans with a 20% down payment. Refinance demand, which is always most sensitive to daily moves in interest rates, fell 4% for the week and were 51% higher than the same week one year ago. Last year at this time, the rate on the 30-year fixed was about a half a percentage point higher. Get Property Play directly to your inbox CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today . Applications for a mortgage to purchase a home rose 1% for the week and were 21% higher year-over-year. More supply has come onto the market, and consumers appear to be getting used to the ever-changing news regarding the war with Iran. "After a brief pause, in part because of the elevated geopolitical uncertainties, potential homebuyers certainly appear to be moving forward this spring and taking advantage of the more favorable inventory conditions in most parts of the country," said Mike Fratantoni, MBA's chief economist. Mortgage rates moved higher to start this week, according to a separate survey from Mortgage News Daily. Investors are now eagerly awaiting the latest report from Federal Reserve Chairman Jerome Powell Wednesday, at what could be his last meeting as chair. Markets do not expect him ...
Blue Owl Capital Inc. , whose battered stock has served as a proxy for concerns over the health of the $1.8 trillion private credit industry, will face fresh scrutiny from investors and Wall Street analysts with the release of its first-quarter earnings. Shares of the alternative-asset manager have slumped some 40% year to date and recently touched an all-time low after the firm said it will limit...
Blue Owl Capital Inc. , whose battered stock has served as a proxy for concerns over the health of the $1.8 trillion private credit industry, will face fresh scrutiny from investors and Wall Street analysts with the release of its first-quarter earnings. Shares of the alternative-asset manager have slumped some 40% year to date and recently touched an all-time low after the firm said it will limit redemptions from two of its private credit funds following a surge in withdrawal requests. While worries over rising risks have hit the industry as a whole, Blue Owl has stood out as a target because of its elevated exposure to software companies that could be upended by artificial intelligence. Heading into earnings, investors will listen for what Blue Owl says about its ability to raise new funds, and how it addresses the wave of redemptions at its retail-focused vehicles, or business development companies, which had been a source of growth. Credit quality will also be in focus — from risks around its software holdings to its heavy involvement in data-center financings. “There’s a lot of ‘doomsday’ scenarios built into the stock’s current valuation,” said Raymond James analyst Wilma Burdis . “To the extent investors expect a big reputational hit, seeing continued good fundraising will be a positive,” she added. The company will release results before the market opens on Thursday. It’s expected to report assets under management of $316 billion and fee-related earnings of $384 million, both up from a year earlier, according to the average estimate of analysts surveyed by Bloomberg. Heading into earnings, the company has no sell ratings, with 11 buys and five holds, data compiled by Bloomberg show. On the firm’s February earnings call, Co-Chief Executive Officer Marc Lipschultz stated there were no “red flags” — or even “yellow flags” — in the firm’s technology loans. Investors will want an update. “Blue Owl’s commentary on private credit health and fundraising trends will ...
NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced K2 Gold Corp (TSX-V: KTO; OTCQX: KTGDF), a North American mineral exploration company, has qualified to trade on the OTCQX® Best Market. K2 Gold Corp upgraded to OTCQX from the OTCQB® Venture Market.
NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced K2 Gold Corp (TSX-V: KTO; OTCQX: KTGDF), a North American mineral exploration company, has qualified to trade on the OTCQX® Best Market. K2 Gold Corp upgraded to OTCQX from the OTCQB® Venture Market.
Xanadu Quantum Technologies Ltd. ("Xanadu") (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, and the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL), one of the largest scientific research centers in the United States, have collaborated to enable cutting-edge research in quantum computing by leveraging Xanadu's open-source quantum software library, PennyLa...
Xanadu Quantum Technologies Ltd. ("Xanadu") (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, and the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL), one of the largest scientific research centers in the United States, have collaborated to enable cutting-edge research in quantum computing by leveraging Xanadu's open-source quantum software library, PennyLane, on the Frontier supercomputer, one of the most advanced computing systems in the world.
RIDGEFIELD, Conn., April 29, 2026 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today reported financial results for its first quarter ended March 27, 2026.
RIDGEFIELD, Conn., April 29, 2026 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today reported financial results for its first quarter ended March 27, 2026.