US Defence Secretary Pete Hegseth said on Friday that a US blockade on Iran is going global, adding Tehran had a chance to make a “good deal” with Washington. “Our blockade is growing and going global,” Hegseth told reporters. “No one sails from the Strait of Hormuz to anywhere in the world without the permission of the United States Navy,” he said. Peace talks between Iran and the United States...
US Defence Secretary Pete Hegseth said on Friday that a US blockade on Iran is going global, adding Tehran had a chance to make a “good deal” with Washington. “Our blockade is growing and going global,” Hegseth told reporters. “No one sails from the Strait of Hormuz to anywhere in the world without the permission of the United States Navy,” he said. Peace talks between Iran and the United States could resume soon in Pakistan, three Pakistani sources said on Friday, after the last round of...
Tesla Inc.‘s ties to Elon Musk-led SpaceX just got deeper with a new investment in the commercial space flight company amid Terafab collaboration. $2 Billion Investment In its quarterly earnings report released on Wednesday, the EV giant shared its investment in SpaceX. The EV giant’s report showed a $2 billion charge due to its “SpaceX equity investment.” The company also expanded on why its coll...
Tesla Inc.‘s ties to Elon Musk-led SpaceX just got deeper with a new investment in the commercial space flight company amid Terafab collaboration. $2 Billion Investment In its quarterly earnings report released on Wednesday, the EV giant shared its investment in SpaceX. The EV giant’s report showed a $2 billion charge due to its “SpaceX equity investment.” The company also expanded on why its collaboration with the company mattered. Don't Miss: A single bad hire can set a startup back years. Her
Saudi Arabia has achieved a huge boost in crude exports through its Red Sea terminals, but has yet to stabilize flows at its target level for the route. Shipments of crude to overseas destinations from Yanbu have averaged about 4 million barrels a day in the first three weeks of April, data compiled by Bloomberg show. That’s about five times as much as Saudi Arabia exported on the route before the...
Saudi Arabia has achieved a huge boost in crude exports through its Red Sea terminals, but has yet to stabilize flows at its target level for the route. Shipments of crude to overseas destinations from Yanbu have averaged about 4 million barrels a day in the first three weeks of April, data compiled by Bloomberg show. That’s about five times as much as Saudi Arabia exported on the route before the conflict in Iran started, but still only about 80% of Riyadh’s target. Oil markets are closely watching flows of oil from the terminals on Saudi Arabia’s west coast after Iran all but blocked the Strait of Hormuz following attacks by the US and Israel at the end of February. Yanbu represents the industry’s single-biggest workaround for the blockage of the waterway. It’s possible that some tankers could have turned off their digital transponders, which would have resulted in a low count and an under estimation of exports. Bloomberg also uses standard cargo sizes whereas vessels calling at Yanbu could have been filled to the brim. Saudi Arabia’s energy ministry didn’t respond to a request for comment. The East-West conduit can carry 7 million barrels a day from oil fields close to the kingdom’s Persian Gulf coast to Yanbu on the Red Sea, a distance of 746 miles. About 2 million barrels a day of that is earmarked for domestic usage. Pumping reached its full capacity of 7 million barrels a day in late March and exports hit 5 million a day, a person familiar with the matter said at the time. But shipping data suggest that was only sustained for a few days, and export flows over a longer duration have run at lower levels. Shipments were hampered in part by a drone strike on one of 11 pumping stations along the line’s route. That briefly reduced capacity by about 700,000 barrels a day, but was quickly repaired. Yanbu was used by Saudi Arabia for cargo shipments to storage tanks in Egypt, from where cargoes get delivered to refiners in Europe and along the east coast of North Amer...
Shares of Taiwan Semiconductor Manufacturing surged on Friday after regulators in that country eased up on rules governing how much locals can invest in the maker of artificial-intelligence chips.
Shares of Taiwan Semiconductor Manufacturing surged on Friday after regulators in that country eased up on rules governing how much locals can invest in the maker of artificial-intelligence chips.
DeepSeek says both models are more efficient and performant than DeepSeek V3.2 due to architectural improvements, and have almost "closed the gap" with current leading models, both open and closed, on reasoning benchmarks.
DeepSeek says both models are more efficient and performant than DeepSeek V3.2 due to architectural improvements, and have almost "closed the gap" with current leading models, both open and closed, on reasoning benchmarks.
Aleksandr Zotov/iStock via Getty Images It's been a crazy week for layoff announcements. Big Tech firms are continuing to clear out their rosters. Amazon ( AMZN ) is closing a warehouse that opened less than two years ago only a few months after having laid off ~30,000 workers ; Meta Platforms ( META ) is cutting its staff by 10% , which translates to ~8,000 employees; and Microsoft ( MSFT ) is of...
Aleksandr Zotov/iStock via Getty Images It's been a crazy week for layoff announcements. Big Tech firms are continuing to clear out their rosters. Amazon ( AMZN ) is closing a warehouse that opened less than two years ago only a few months after having laid off ~30,000 workers ; Meta Platforms ( META ) is cutting its staff by 10% , which translates to ~8,000 employees; and Microsoft ( MSFT ) is offering buyouts to 7% of its U.S. workforce . This comes after other tech firms like Oracle ( ORCL ) cut thousands of jobs last month. It's not just tech firms; Nike ( NKE ) is laying off ~1,400 workers too . But the workers laid off from Nike were all in technology-related roles in the operations division, so even these are ultimately tech layoffs. A popular online tracker of tech sector layoff announcements, Layoffs.fyi , is now showing ~92,270 layoffs from tech companies alone so far in 2026. This puts us well ahead of schedule to blow past the 2025 end figure of 124,201, which is alarming in itself. Don't let the global nature of the figures fool you; 2/3rds of those layoffs are from the U.S. Layoffs.fyi Tracker AI Is the Cause and Effect In early February, I wrote about an alarming print from the Challenger Report, which tracks layoff announcements, which I had written off as being idiosyncratically related to UPS ( UPS ) and Amazon ( AMZN ) reducing their transportation divisions. It highlighted that while large companies still don't employ the majority of Americans, they do employ such a large number of people that single cuts can trigger massive movements in absolute terms. Since January, the layoff figure has moderated, but we'll get an update on this in a week and a half with April's figures, and I expect it to tick back up again due to all of these recent announcements. Challenger noted that tech layoff plans were accelerating, up 40% YoY, led by layoffs at Dell ( DELL ). Challenger Report History I covered what I think the reason is in a recent article titled “ A...
ATHVisions/E+ via Getty Images Thesis This would mark the third time I’m covering Everforth (formerly ASGN Incorporated) ( EFOR ) a U.S.-based provider of IT consulting and professional services. Important update: Per CEO & Director Theodore Hanson : This will be our final earnings call under the ASGN name. And on Friday, we will officially begin operating as Everforth and trading under our new st...
ATHVisions/E+ via Getty Images Thesis This would mark the third time I’m covering Everforth (formerly ASGN Incorporated) ( EFOR ) a U.S.-based provider of IT consulting and professional services. Important update: Per CEO & Director Theodore Hanson : This will be our final earnings call under the ASGN name. And on Friday, we will officially begin operating as Everforth and trading under our new stock ticker, EFOR. I initiated coverage back in May 2023 with a Buy . Fundamentally, the company seemed sound. Technically, RSI was in oversold territory and that was worth a decent 65%+ gain until it hit an RSI overbought top and started its retreat. I revisited the company again early last year and downgraded it to a Hold as execution issues and macro pressure started to outweigh what looked like a clear valuation discount to me. TradingView And here we are today. Pure carnage. Now, after going over the fundamentals and technical data, I'm assigning one of my biggest bullish contrarian calls this year on Everforth. Presently, the market is acting as if the worst possible outcome is going to happen, but I don’t think things will turn out that badly. If the company just steadies its performance, there’s solid potential for the stock to move higher. Record Bookings, Weak Revenue: What Went Wrong? Adjusted EBITDA margin : 8.6% Gross margin: 27.5%; -90 bps YoY Commercial gross margin: 31.0%; -140 bps YoY SG&A: $224.4M vs. $214.5M YoY Acquisition/integration/strategic expenses: $12.8M. The bottom line here is simple: ASGN (now Everforth) did not meet their quarterly profit targets, and it wasn't because they overspent on operations; in fact, they spent slightly less on overhead than anticipated. The issue was that revenues were not profitable enough. Basically, three things went wrong at the same time, and that's what hurt them. Everforth's partners/clients are also feeling the "hurt" (Seeking Alpha) First, their most profitable work, helping big companies set up software platfo...
Ironclad, the AI contracting company accelerating business with every contract, is proud to have been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2026, joining the ranks of Google, Nvidia, Adidas, and Walmart. This year's list shines a spotlight on businesses that are shaping industry and culture through their innovations.
Ironclad, the AI contracting company accelerating business with every contract, is proud to have been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2026, joining the ranks of Google, Nvidia, Adidas, and Walmart. This year's list shines a spotlight on businesses that are shaping industry and culture through their innovations.
SoundHound (NASDAQ: SOUN) may have just unlocked a much bigger path to scale, but is the market convinced? This is what makes this story so interesting right now, because if execution improves, the upside case could look a lot stronger from here. Stock prices used were the market prices of April 17, 2026. The video was published on April 21, 2026. Continue reading
SoundHound (NASDAQ: SOUN) may have just unlocked a much bigger path to scale, but is the market convinced? This is what makes this story so interesting right now, because if execution improves, the upside case could look a lot stronger from here. Stock prices used were the market prices of April 17, 2026. The video was published on April 21, 2026. Continue reading