Yang Dexing, president of UBS (China) Ltd. Demand for wealth-succession tools among China’s ultra-rich is accelerating, with the family trust market estimated to have approached 1 trillion yuan ($147 billion) in 2025, according to the head of UBS Group AG’s local banking unit. The rapid growth reflects a shift in wealth planning among China’s first-generation entrepreneurs, who are moving beyond traditional inheritance methods and turning to structured trust arrangements as they navigate market volatility and prepare for generational transfers.

Earnings Call Insights: MIND Technology (MIND) Q1 fiscal 2027 Management view "Our results for the first quarter were essentially in line with their expectations and once again reflected positive adjusted EBITDA," and "the near-term market can best be described as uncertain with less visibility than normal," driven by "economics, politics, and security" and customers being "reluctant to commit to equipment purchases, most notably larger system orders" (President, CEO & Director Robert Capps). "Our backlog of firm orders as of April 30, 2026 was approximately $7.6 million, compared to $13.9 million as of January 31, 2026," and management added that the pipeline is "solid, and several times greater than our firm backlog" with "a few" significant pursuits "$10 million or more each" (President, CEO & Director Capps). "Revenues for marine technology product sales totaled approximately $9.7 million" and "first quarter gross profit was approximately $4.1 million" for a "gross profit margin of 42%," while "net loss for the first quarter was approximately $411,000 after income tax expense of $476,000" (VP, CFO & Chief Accounting Officer Mark Cox). "As of April 30, 2026, we had significant working capital of approximately $37.8 million including $17.7 million of cash on hand" and "the company continues to maintain a clean, debt-free balance sheet" (VP, CFO & Chief Accounting Officer Cox). Outlook "Current visibility continues to indicate that our results for fiscal 2027 to be down when compared to fiscal 2026," and management added, "it will be difficult to replicate the system order volume that we've enjoyed over the past two years" (President, CEO & Director Capps). "However, we expect to be cash flow positive for the year, even with lower revenue," and management tied resilience to aftermarket demand: "our growing aftermarket business will provide us with a substantial stream of recurring revenue to buoy our results" (President, CEO & Director Capps). On strategic directio...

据知情人士透露，SpaceX美国IPO散户认购金额已经突破1000亿美元。（彭博）

Historically, a strong start to the year for the S&P 500 often leads to a strong second half of the year.

Key PointsSince 1990, when the S&P 500 is up at least 5% in the first five months of the year, it's been almost always positive in the second half.

The defence secretary was pressing the prime minister for a larger increase in defence spending than he was offered, the BBC understands.

President Donald Trump takes a question from a reporter before signing executive orders in the Oval Office at the White House on September 19, 2025 in Washington, DC. Andrew Harnik | Getty Images The Trump administration said Thursday it will appeal a federal judge's ruling striking down President Donald Trump's $100,000 fee on H-1B visa applications in its effort to hike the fee by tens of thousands of dollars. The Justice Department filed the notice three days after U.S. District Judge Leo Sorokin in Boston vacated the fee, ruling that Trump exceeded his authority by imposing what amounted to a tax without approval from Congress. The decision was a blow to Trump's effort to restrict the H-1B program which was created in 1990 and is heavily used by U.S. tech giants to bring in highly skilled workers from overseas. The program allows U.S. employers to seek government permission to hire nonimmigrant workers in specialty occupations for up to six years. Sorokin found that "the substance and application of the $100,000 payment reveal that it is a tax ," and said Congress had not delegated that power to the executive branch. Trump imposed the fee by proclamation last September, arguing the H-1B program was being abused and was replacing American workers. Before his proclamation, H-1B visa fees had ranged from $2,000 to $5,000 per application. Several companies, including Walmart , said that they would pause their participation in the H-1B program as a result of Trump's proclamation. The DOJ did not immediately respond to a request for comment. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

WhiteFiber, Inc. press release ( WYFI ): Q1 GAAP EPS of -$0.31. Revenue of $21.92M. More on WhiteFiber, Inc. WhiteFiber, Inc. (WYFI) Q1 2026 Earnings Call Transcript WhiteFiber: Look Past Q4 Noise For The $865M NC-1 Inflection Point WhiteFiber, Inc. (WYFI) Q4 2025 Earnings Call Transcript WhiteFiber secures $100M delayed-draw facility from Bit Digital Capital WhiteFiber secures $160M AI infrastructure deal in Paris region

If you are building a portfolio you intend to never touch again, Berkshire Hathaway (NYSE:BRK-B) warrants a central role, because it is engineered to compound capital across decades regardless of who is in the White House, what the Federal Reserve is doing, or which sector is in fashion. Pillar One: A Business Built to Outlast ... History Says This Unstoppable Cash Cow Is the Single Best “Set-It-and-Forget-It” Stock on the Planet

Investors often weigh the stability of established military contractors against the explosive potential of new space ventures. Choosing between Leonardo DRS (NASDAQ:DRS) and Firefly Aerospace (NASDAQ:FLY) requires balancing these distinct profiles to determine which stock is a better buy. Leonardo DRS focuses on advanced sensing and naval power systems for the military, offering steady cash flow from long-term contracts. In contrast, Firefly Aerospace is a younger firm aiming to disrupt the space launch market with rapid deployment capabilities. Both companies play critical roles in national security and technical innovation, but they present very different risk profiles for shareholders. Leonardo DRS operates as a technology-focused mid-tier provider in the defense stocks landscape. It specializes in mission-critical systems like infrared sensors and electric propulsion for the U.S. Navy and Army, which together provide roughly 72.0% of its revenue. Such heavy reliance on a single customer like the U.S. government, which accounts for nearly 80.0% of total sales, adds a layer of risk to the business. Continue reading

NVIDIA (NASDAQ:NVDA) just delivered the kind of quarter that should have sent shares to new highs. Revenue of $81.6 billion grew 85.2% year over year, Data Center clocked $75.2 billion at 92% growth, and Jensen Huang told investors “the buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.” ... Prediction: Nvidia Set to Hit $250 on This Date

Prediction: Nvidia Set to Hit $250 on This Date Yahoo Finance

Prediction: Nvidia Set to Hit $250 on This Date 24/7 Wall St.

Footage shows Elliot Sudal hauling the shark from the surf before releasing it within seconds, sparking online reaction An angler who reeled in a rare great white shark at a Nantucket beach said he posted extraordinary video of the encounter to social media as an example of how to safely catch and release one of the ocean’s greatest predators. Elliot Sudal said he was “testing the waters” off the Massachusetts beach he regularly uses when he inadvertently snagged the shark on Sunday. Continue reading...

Retail Is Cashing Out Of Micron, AMD, AI Stocks Ahead Of SpaceX IPO Benzinga

Retail investors are liquidating some of the biggest winners in the AI trade to raise cash for Friday’s SpaceX (SPCX) IPO, and the selling pressure is landing hardest on semiconductors. MU stock is moving. See the chart and price action here. Data from Vanda Research shows individual investors net sold equities for three consecutive days through Wednesday — the first such stretch since March 2020, according to CNBC. On Monday alone, retail pulled the most capital from individual stocks since Nov

FIFA World Cup Gets Underway Across North America The largest , most inclusive, and most widespread World Cup tournament in FIFA’s history kicks off with two games in Mexico today . For the next several weeks, nearly 50 nations will compete in more than 100 games in stadiums spread out across Mexico, the United States, and Canada—the first time FIFA has allowed three countries to co-host the event. Here is a breakdown ( via The Epoch Times ) of what to know... Tournament Format The World Cup begins with a “Group Stage,” which runs from June 11 to June 27, and consists of 72 matches in 16 cities across North America. Several months prior, all 48 qualifying teams were placed into 12 groups of four. Group A: Mexico, South Africa, South Korea, and Czechia. Group B: Canada, Bosnia and Herzegovina, Qatar, and Switzerland. Group C: Brazil, Morocco, Haiti, and Scotland. Group D: United States, Paraguay, Australia, and Turkey. Group E: Germany, Curacao, Ivory Coast, and Ecuador. Group F: The Netherlands, Japan, Sweden, and Tunisia. Group G: Belgium, Egypt, Iran, and New Zealand. Group H: Spain, Cabo Verde, Saudi Arabia, Uruguay. Group I: France, Senegal, Iraq, and Norway. Group J: Argentina, Algeria, Austria, and Jordan. Group K: Portugal, Congo, Uzbekistan, and Colombia. Group L: England, Croatia, Ghana, and Panama. The top two teams in each group, as well as eight third-place finishers with the best records or most points overall, will advance to a single-game elimination round. Those surviving 32 teams will drop to 16, then the remaining eight teams will play in the quarter-finals scheduled for July 9, 10, and 11. The two semi-final matches are set for July 14 and July 15. The two winners will play in the final on July 19, while the two losers will play for third place the day before. Where Will World Cup Games Take Place? The teams will be spread out to 16 locations across the three North American host nations. Mexico Mexico City kicks things off on June 11 when Mexico h...

Key PointsSpaceX will likely start trading at about 100 times sales.

The biggest IPO in history will be too hot to handle.

【有線新聞】利物浦前領隊高普邀請尼馬等3位球星，進行高難度球技挑戰。 合共在100球內完成三關，尼馬挑戰在15米高空控球後射門，抽入後以招牌動作慶祝。巴西同胞安迪歷在巨型移動跑步機上，助攻隊友攻門。匈牙利的蘇保斯拉完成94格目標牆傳球後，要將12碼射入目標，他們最終以94球完成挑戰。 高普說最難得見到一班球星保持喜愛足球的初心，這份純粹是職業足球最難維持的一點。

A leather bag made from Tyrannosaurus rex cells will be auctioned off on Thursday by Paris auction house Giquello, estimating the “one-of-a-kind” piece could sell for more than US$500,000. Unveiled in the spring in Amsterdam, the bag was created from traces of collagen from the femur of a T. rex found in the US state of Montana 25 years ago. “In recent years, we’ve developed techniques – biotechnologies that allow us to instruct a cell culture to produce, so to speak, genuine T. rex skin in the...

Key PointsProcore Technologies offers a unified construction management platform used on millions of projects globally.

Franklin Templeton Senior Investment Strategist Katrina Dudley joined Bloomberg Open Interest to explain why Wall Street is no longer rewarding AI spending without proof of profits. She compares SpaceX's massive investments to the railroad boom, and argues that AI is enhancing worker productivity rather than eliminating jobs. (Source: Bloomberg)

Meta stock has slumped amid a fierce bull-bear debate about its plan to spend more than $125 billion on its AI push this year.

分析师与投资者在讨论太空探索技术公司（SpaceX，私募代码 SPAX.PVT）明日上市事宜时，核心讨论对象基本都是星链（Starlink）。 这项卫星互联网业务早已从一项工程研发项目，成长为公司核心创收支柱，为这家全球估值最高的非上市企业带来强劲增长动力。 SpaceX 在 5 月 20 日递交的 IPO 招股书中披露，公司去年亏损近 26 亿美元，亏损主要源于人工智能相关业务投入。 但旗下包含星链卫星业务的通信板块，调整后息税折旧摊销前利润（EBITDA）达到约 72 亿美元，同比大幅增长 86%。 卫星互联网赛道的竞争对手要么发展规模差距悬殊，要么仅布局航空等商用场景。 亚马逊 的低轨卫星项目柯伊伯（Kuiper）尚未正式商用。亚马逊首席执行官安迪・贾西承诺该项目将于今年内上线运营，但目前亚马逊在轨卫星仅有寥寥数颗，实现目标难度极大。 4 月 14 日，亚马逊宣布收购卫星运营商全球星（Globalstar，股票代码 GSAT），借助这笔收购，柯伊伯低地球轨道卫星网络将新增直连终端服务，把蜂窝网络信号覆盖延伸至地面基站无法触达的区域。亚马逊还与 苹果 公司（AAPL）达成合作，柯伊伯将为特定型号 iPhone、苹果手表提供卫星通信服务。 想要看懂 SpaceX 的发展前景，就必须深入研究星链的商业模式与扩张规划。综合各项业务优势，SpaceX 成为史上市场期待值最高的上市企业，预估估值高达 1.77 万亿美元，体量远超其他所有上市公司。 什么是星链？ SpaceX 在招股书中介绍，星链本质是一套太空全球宽带互联网服务，目前已覆盖住宅、企业、政府客户，累计用户达 1030 万，且公司计划持续扩大用户规模。 市场研究机构 PitchBook 近期发布报告，解读 SpaceX 与星链的战略价值：星链是一套依托数千颗低地球轨道卫星组网的低延迟宽带系统，通过前所未有的规模，实现卫星设计、生产、运营全产业链垂直整合，持续巩固 SpaceX 竞争优势。 这套系统前所未有：覆盖全球、网速出众，且全链路几乎完全由一家私营企业自主掌控。 星链不依赖地面光纤与通信基站，依靠距离地表仅 340 至 750 英里的低轨卫星群，将高速网络信号直接传输至用户可自行安装的小型接收天线。传统地球同步卫星运行在 2.2 万英里高空，而低轨卫星离地距离近得多，星链表示信号传输路径大幅缩短，网络延迟可...

Anthropic据悉正在寻求其首批数据中心租约，并希望获得来自谷歌的资金支持。（财联社）