According to a Reuters report, Chanos said that he believes SpaceX is not worth $1.75 trillion based on reasonable assumptions over the next five years.
According to a Reuters report, Chanos said that he believes SpaceX is not worth $1.75 trillion based on reasonable assumptions over the next five years.
Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East Global economic growth will slow to 2.5% this year as a result of the war in the Middle East – the weakest since the Covid pandemic – as inflation and borrowing costs rise, the World Bank has warned. The Washington-based development bank has downgraded growth forecasts for two-thirds of c...
Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East Global economic growth will slow to 2.5% this year as a result of the war in the Middle East – the weakest since the Covid pandemic – as inflation and borrowing costs rise, the World Bank has warned. The Washington-based development bank has downgraded growth forecasts for two-thirds of countries in its half-yearly Global Economic Prospects report. The bank estimated that global growth was 2.7% in 2025. Continue reading...
One out of every seven plug-in hybrid vehicles registered in Germany in May came from BYD, as the Chinese carmaker’s registrations surged 232 per cent in Europe’s largest auto market from a year earlier. With 6,169 vehicles registered there in May, BYD held a 2.6 per cent share of Germany’s new-car registrations, according to data from the country’s Federal Motor Transport Authority. Of those, 4,2...
One out of every seven plug-in hybrid vehicles registered in Germany in May came from BYD, as the Chinese carmaker’s registrations surged 232 per cent in Europe’s largest auto market from a year earlier. With 6,169 vehicles registered there in May, BYD held a 2.6 per cent share of Germany’s new-car registrations, according to data from the country’s Federal Motor Transport Authority. Of those, 4,290 were plug-in hybrids, led by the Atto 2 DM-i with 2,113 registrations – the top-selling plug-in...
The World Bank cut its outlook for global growth this year and said two-thirds of economies have seen prospects deteriorate as the Middle East war disrupts commodity flows and raises the cost of imports. The world economy will expand 2.5% in 2026, the Washington-based lender said in a report published Thursday. That’s down from a January forecast of 2.6%, and would be the lowest figure since Covid...
The World Bank cut its outlook for global growth this year and said two-thirds of economies have seen prospects deteriorate as the Middle East war disrupts commodity flows and raises the cost of imports. The world economy will expand 2.5% in 2026, the Washington-based lender said in a report published Thursday. That’s down from a January forecast of 2.6%, and would be the lowest figure since Covid-19 triggered a global recession in 2020. A surge in energy prices since the US-Israeli attack on Iran in February is pushing up inflation and hurting countries that depend on imported fuel. The bank predicts that Brent crude will average $94 a barrel this year, up some 50% from its January projection. “This is the biggest supply shock in more than 50 years,” said Chief Economist Indermit Gill . “If the conflict persists, the next thing that will be affected is food prices.” The bank said risks to its outlook are skewed to the downside. Global growth could fall to 1.3% this year if “energy supply disruptions prove more severe than assumed and are accompanied by substantial financial stress.” The US economy is expected to grow 2.2% this year, unchanged from the January forecast, the bank said. China’s outlook was revised down to 4.2% from 4.4%. Global headline inflation is forecast to climb to 4% this year, from 3.3% in 2025, and could rise as high as 4.4% in the event of a prolonged war. Lost Ground Emerging and developing economies have been hit especially hard by the repeated shocks of the 2020s, the bank said. Excluding India and China, per-capita incomes in these countries have lost ground relative to their wealthier peers since the pandemic and likely won’t recover it before 2028, “implying nearly a decade of lost income convergence.” Much of the hope for brighter global prospects in the 2030s hinges on artificial intelligence and its ability to boost productivity, according to the report. That could reverse a structural slowdown of the economy, and potentially turn th...
The accelerating hype behind artificial intelligence (AI) is perhaps matched only by the rapid growth in demand for the computing power and electricity required to run it all. The need for energy storage and electricity for AI data centers is expanding so rapidly that local power grids are having difficulties keeping pace. That creates opportunity. Two companies that investors might not expect are...
The accelerating hype behind artificial intelligence (AI) is perhaps matched only by the rapid growth in demand for the computing power and electricity required to run it all. The need for energy storage and electricity for AI data centers is expanding so rapidly that local power grids are having difficulties keeping pace. That creates opportunity. Two companies that investors might not expect are capitalizing -- and they offset some risk by having significant dividends: Caterpillar (NYSE: CAT) and Ford Motor Company (NYSE: F) . While most investors associate Caterpillar with construction and mining machinery, management sees a lucrative technology opportunity developing with AI: its potential to generate a new revenue stream at higher margins than its traditional business. Continue reading
JHVEPhoto/iStock Editorial via Getty Images As much as we get excited about artificial intelligence and all its ramifications for changing and perhaps improving society, we forget that there is an industrial revolution already in place bringing it all to your laptop and phone. When I look at my portfolio today, I don't see a shortage of industrials; while Credo Tech ( CRDO ) Coherent ( COHR ), Adv...
JHVEPhoto/iStock Editorial via Getty Images As much as we get excited about artificial intelligence and all its ramifications for changing and perhaps improving society, we forget that there is an industrial revolution already in place bringing it all to your laptop and phone. When I look at my portfolio today, I don't see a shortage of industrials; while Credo Tech ( CRDO ) Coherent ( COHR ), Advantest ( ATEYY ) probably get classified under technology or semiconductors, they are the silent wheels of industrial companies powering this massive data center build out across America - manufacturing copper cables, fiber optics and automated testing machines. A significant portion of the 2026 forecasted $755Bn hyperscaler capex is going to these industrials, and I recently added Nvidia's electrification partner, Eaton ( ETN ) a $156Bn market cap behemoth with 32Bn in revenues - something I should have done more than a year, ago when I spoke to them at the CES show in January 2025! Big mistake, the stock has jumped 24% from around $340, but better late than never, this story has a lot of chapters left. Eaton has a decent track record of 4% revenue growth and 10% operating profit growth in the past decade but grew each metric considerably faster at 9% and 20% in the last three years boosted by the data center electrification business. It is also slated to grow sales at a CAGR of over 10% in the next 4 years as it ramps up its partnership with Nvidia. Let’s take a closer look: Eaton's revenue segments Eaton's Revenue Segments (Eaton, Fountainhead) The good part about Eaton is that it’s not completely dependent on just US data center growth. While Electrical Americas is projected to grow the fastest at a CAGR of 14% in the next 4 years, Electrical Global and Aerospace aren't slouches, growing at 13% and 11%. Electrical Americas had the highest operating margin with 29%, with Aerospace contributing well at 24%. These are pretty good operating margins and once its Mobility seg...
Sinfonia Smith Square, London Tom Morris’s staged take on Mahler’s first symphony is valiantly performed by Stephanie Childress and Sinfonia Smith Square, but the result feels more like R&D than a finished product If you’re Macbeth, a moving forest generally isn’t a good thing. But what if you’re Mahler? The instrumentalists of Sinfonia Smith Square, conductor, Stephanie Childress and director, To...
Sinfonia Smith Square, London Tom Morris’s staged take on Mahler’s first symphony is valiantly performed by Stephanie Childress and Sinfonia Smith Square, but the result feels more like R&D than a finished product If you’re Macbeth, a moving forest generally isn’t a good thing. But what if you’re Mahler? The instrumentalists of Sinfonia Smith Square, conductor, Stephanie Childress and director, Tom Morris decided to test the result in The Mahler Experiment . As Morris declared cheerfully at the outset: “None of us quite know what’s going to happen!” The composer’s First Symphony conjures a shifting landscape of bird calls and blooming flowers, town bands and hunting parties, spring’s rebirth and man’s death and funeral procession. You can see the temptation to turn a sonic journey into a physical one, especially when you’re working with a space as flexible as Smith Square Hall. Continue reading...
Shares of Oracle (NYSE:ORCL) are down 10% to $182.25 in early trading Thursday, following the company’s Q4 FY2026 earnings report released after the bell Wednesday. The slide is dragging on cloud and enterprise software names, with Salesforce (NYSE:CRM) stock down 1.28% to $168.80 and trading near its 52-week lows. Oracle stock closed at $201.26 Wednesday, ... Oracle Plunges 10% After Earnings, Sa...
Shares of Oracle (NYSE:ORCL) are down 10% to $182.25 in early trading Thursday, following the company’s Q4 FY2026 earnings report released after the bell Wednesday. The slide is dragging on cloud and enterprise software names, with Salesforce (NYSE:CRM) stock down 1.28% to $168.80 and trading near its 52-week lows. Oracle stock closed at $201.26 Wednesday, ... Oracle Plunges 10% After Earnings, Salesforce Slips Near 52-Week Lows as Cloud Stocks Slide
Shabbir Jasdanwala/iStock via Getty Images Pursuit Attractions and Hospitality, Inc ( PRSU ) has a unique business model where it owns assets that do not exist elsewhere and are not replicable. The company caters towards experiential travelers who may be more price insensitive compared to regular travelers. The scarcity value of PRSU's assets, such as gondola rides in Banff National Park, results ...
Shabbir Jasdanwala/iStock via Getty Images Pursuit Attractions and Hospitality, Inc ( PRSU ) has a unique business model where it owns assets that do not exist elsewhere and are not replicable. The company caters towards experiential travelers who may be more price insensitive compared to regular travelers. The scarcity value of PRSU's assets, such as gondola rides in Banff National Park, results in operating leverage as the company can raise prices and not see demand decline, which then all translates into EBITDA growth. Management has a strong track record of acquiring value-accretive assets to its portfolio to drive EBITDA. For full year 2026, hotel bookings are above 2025 levels, a key indicator for 2026 being a strong year. Company background Pursuit Attractions and Hospitality is an experiential travel company that manages and owns iconic tourist attractions, hotels, and guided tours in natural destination locations across the United States, Canada, Iceland, and Costa Rica. Experiential travel focuses on cultural immersion, activities that provide a mental restart, such as bespoke sightseeing. These types of travel offer a deeper emotional connection as opposed to typical tourist sightseeing. Specifically, PRSU has 17 sightseeing operations and 29 hotels globally, totaling 4.2m visitors in 2025. The company offers activities in iconic places such as the Canadian Rockies ( Banff Gondola, Jasper SkyTram, Columbia Icefield Adventure). In the US key attractions include guided tours and activities in Glacier National Park in Montana and Denali National Park and Kenai Fjords in Alaska. Other attractions include the Sky Lagoon in Iceland and Tabacon Resort in Costa Rica, which features iconic hot springs. Pursuit Tobacon resort PRSU has multiple revenue streams as depicted below, where ticket revenue from attractions is the largest component at 44%, followed by hotel room revenue at 23% and food/beverage at 15%. The primary investment theme here is that the PRSU focu...
Alvaro Fernandez Echeverria/iStock Editorial via Getty Images I last wrote about Solana ETFs in March, when I covered SOLZ, a derivative-based Solana ETF designed to match the price movements of the Solana token. Since then, crypto markets have continued to sell off, with SOL-USD currently down ~75% from its 2025 highs. While I remain cautiously optimistic on Solana’s long-term prospects, I mainta...
Alvaro Fernandez Echeverria/iStock Editorial via Getty Images I last wrote about Solana ETFs in March, when I covered SOLZ, a derivative-based Solana ETF designed to match the price movements of the Solana token. Since then, crypto markets have continued to sell off, with SOL-USD currently down ~75% from its 2025 highs. While I remain cautiously optimistic on Solana’s long-term prospects, I maintain a ‘Hold’ rating on the Bitwise Solana Staking ETF ( BSOL ) due to the increasingly challenging macroeconomic backdrop for cryptocurrencies. BSOL continues to offer one of the most attractive combinations of staking participation, low fees, and scale among spot Solana ETFs, but elevated rates and tightening liquidity conditions will likely continue to weigh on risk assets in the near term. As a result, I believe investors should remain patient despite continued network stability and attractive valuations. BSOL Compared to Other Solana ETFs Of the available Solana ETFs — the largest funds being BSOL, the Grayscale Solana Staking ETF ( GSOL ), and the Fidelity Solana Fund ETF ( FSOL ) — continue to be some of the better options for investors, providing both access to capital appreciation and 100% access to staking rewards. Another ETF the VanEck Solana ETF ( VSOL ), though it has just under $15 million AUM. BSOL remains one of my personal favorites for long-term investors seeking Solana exposure, as the fund provides complete access to staking while maintaining one of the more favorable fee structures. In particular, the fund’s staking fee is just 6%. This is significant, as it means that investors keep more of the staking rewards generated from network activity. ETF % Staked Staking Fees BSOL 100% 6% of Solana rewards GSOL 100% 23% of Solana rewards FSOL 100% 15% of Solana rewards VSOL 74% 0.28% of total staked Solana Click to enlarge (Source: Individual fund websites) In addition to greater yield retention, BSOL offers one of the more attractive sponsor fees (0.20%). As I...