Norway’s Prime Minister Jonas Gahr Stoere. Photo: IC Photo Norway’s government said Wednesday it will take over planning for the Fen field, Europe’s largest rare earth deposit, to accelerate development of the project to produce the critical minerals. The move aims to expedite local production as Europe currently has no operating rare earth mines and relies heavily on Chinese imports, a vulnerabil...
Norway’s Prime Minister Jonas Gahr Stoere. Photo: IC Photo Norway’s government said Wednesday it will take over planning for the Fen field, Europe’s largest rare earth deposit, to accelerate development of the project to produce the critical minerals. The move aims to expedite local production as Europe currently has no operating rare earth mines and relies heavily on Chinese imports, a vulnerability highlighted by recent supply chain disruptions stemming from escalating U.S.-China trade tensions.
Microchip Tech (MCHP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Microchip Tech (MCHP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Hi, this is Charles in Stockholm. Welcome to our weekly newsletter on what’s shaping economies and investments from the Arctic to the Baltic Sea. You can subscribe here . Programming note: Next week we will publish on April 30 ahead of the May 1 public holiday. Dirty Money, Clean Hands High drama gripped Sweden’s Supreme Court on Tuesday as former Swedbank CEO Birgitte Bonnesen was acquitted of fi...
Hi, this is Charles in Stockholm. Welcome to our weekly newsletter on what’s shaping economies and investments from the Arctic to the Baltic Sea. You can subscribe here . Programming note: Next week we will publish on April 30 ahead of the May 1 public holiday. Dirty Money, Clean Hands High drama gripped Sweden’s Supreme Court on Tuesday as former Swedbank CEO Birgitte Bonnesen was acquitted of financial crime charges connected to one of Europe’s largest money-laundering scandals. While clearly good news for Bonnesen, who had her 15-month prison sentence overturned, the acquittal doesn’t quite draw a line under an affair that has tainted the Nordic banking industry for much of the past decade. International investigators have found that compliance failures enabled criminals to move roughly $230 billion in Russian-linked money illicitly through Nordic banks’ Baltic branches. Swedbank’s involvement in the scandal is still under investigation by the New York Department of Financial Services. The US Department of Justice and Securities and Exchange Commission have already closed their probes without imposing penalties. In 2020, the Stockholm-based bank was fined a record 4 billion kronor ($431 million) by Sweden’s top financial watchdog. Only now are other lenders like Danske Bank and Nordea Bank finally emerging from the shadow of the crisis. Banks are even talking about expansion again — but with larger compliance departments and a greater awareness of risk. Sugar Rush The cola wars are intensifying in Northern Europe following a deal Carlsberg struck to replace Coca-Cola with Pepsi across key markets. Starting in 2029, the Danish brewer will take over bottling, production and distribution of Pepsi-branded beverages in Denmark, Finland and the Baltics, tightening its grip on a soft-drink empire that already spans much of Europe and parts of Asia. The move dealt a sharp blow to downtown rival Royal Unibrew, which will now have to relinquish its Pepsi licensing rights. ...
Oracle reportedly canceled a major contract with Super Micro Computer involving hundreds of Nvidia powered server racks, with more than $1b in potential sales at stake. The move follows the indictment of a company co founder on allegations of illegal technology exports to China. The situation raises questions about Super Micro Computer's ability to secure and retain large AI infrastructure custome...
Oracle reportedly canceled a major contract with Super Micro Computer involving hundreds of Nvidia powered server racks, with more than $1b in potential sales at stake. The move follows the indictment of a company co founder on allegations of illegal technology exports to China. The situation raises questions about Super Micro Computer's ability to secure and retain large AI infrastructure customers. Super Micro Computer, NasdaqGS:SMCI, is facing fresh scrutiny just as its AI server story...
Flagstar Bank, National Association press release ( FLG ): Q1 Non-GAAP EPS of $0.04 in-line. Revenue of $498M (+1.6% Y/Y) misses by $54.83M . CET1 capital ratio improved to 13.24%, at or abovepeer group levels Tangible book value per share of $17.42 Tangible book value per share adjusted for warrant exercise is $15.70 More on Flagstar Bank, National Association Flagstar Bank: Bad Loans Still Keep ...
Flagstar Bank, National Association press release ( FLG ): Q1 Non-GAAP EPS of $0.04 in-line. Revenue of $498M (+1.6% Y/Y) misses by $54.83M . CET1 capital ratio improved to 13.24%, at or abovepeer group levels Tangible book value per share of $17.42 Tangible book value per share adjusted for warrant exercise is $15.70 More on Flagstar Bank, National Association Flagstar Bank: Bad Loans Still Keep Me Sidelined Flagstar Bank, National Association (FLG) Presents at Bank of America Financial Services Conference 2026 Transcript Flagstar Bank, National Association (FLG) Q4 2025 Earnings Call Transcript Flagstar Bank, National Association Q1 2026 Earnings Preview Most and least shorted large-cap financial stocks at the end of March
Chinese chipmakers rallied on Friday while artificial intelligence application firms retreated, as investors rotated into semiconductor stocks on expectations of stronger demand for computing power following a new model release by start-up DeepSeek. Shares of Semiconductor Manufacturing International Corp rose 10 per cent by the close in Hong Kong, while Hua Hong Semiconductor surged 15 per cent, ...
Chinese chipmakers rallied on Friday while artificial intelligence application firms retreated, as investors rotated into semiconductor stocks on expectations of stronger demand for computing power following a new model release by start-up DeepSeek. Shares of Semiconductor Manufacturing International Corp rose 10 per cent by the close in Hong Kong, while Hua Hong Semiconductor surged 15 per cent, extending a broader rally among mainland chipmakers. In contrast, several AI application developers...
JuSun/iStock via Getty Images "Remember: cash is a fact, profit is an opinion." Alfred Rappaport, a uthor of "Creating Shareholder Value." According to Morningstar, there are *48* AI-themed ETFs available for purchase, with more yet to come. I don't believe there are 48 individual AI companies worth buying! Yet the ETFs just keep on a-comin'. Very few of them differ in any significant way. You onl...
JuSun/iStock via Getty Images "Remember: cash is a fact, profit is an opinion." Alfred Rappaport, a uthor of "Creating Shareholder Value." According to Morningstar, there are *48* AI-themed ETFs available for purchase, with more yet to come. I don't believe there are 48 individual AI companies worth buying! Yet the ETFs just keep on a-comin'. Very few of them differ in any significant way. You only have to look at the top holdings of all of these, and you will often see that the biggest difference is only the sponsor's name. Thank you, Pacer, for creating something I believe is being overlooked in this industry. It isn't only about how many chips a company can produce. What if your revenues soar because you are selling, selling, selling masses of your product? That's great, but are you bringing those revenues to the bottom line as a profit, or are you running in place? An Easy Analogy Think of two people, one an optimistic entrepreneur, the other a hard worker. Lady X has income ("revenue", to a corporation) of $225,000 a year from her own business. But she lives in a high-tax state that takes 10% or more off the top. Then there are Federal taxes to be paid. And she has to commute across a big city, regularly stuck in traffic. Twice a month, she flies around the country to keep her clients happy. She entertains frequently at the best restaurants to maintain her image, and so on and so on. At the end of the year, maybe she has $50,000 in "profits". She did have cash flow. But it flowed in both directions, leaving her wondering why she couldn't afford to live on her huge income. She likely has no "free cash flow" at the end of the year. Gentleman Y has recently left the Navy as a Machinist's Mate. He scores a fine job with a good salary of $85,000 working in a defense company. He lives in one of the nine states with zero state income tax (as do 22% of Americans). He commutes to his job in less than half an hour, never has to fly anywhere except for fun, does no expens...
Mesut Dogan/iStock Editorial via Getty Images Wedbush started coverage on Oracle ( ORCL ) with an Outperform rating and a $225 price target. Shares of Oracle climbed about 1% premarket on Friday. "We believe Oracle is in the early innings of a significant repositioning as it executes on this generational opportunity. The vision is supported by partnerships with AI leaders like OpenAI ( OPENAI ) an...
Mesut Dogan/iStock Editorial via Getty Images Wedbush started coverage on Oracle ( ORCL ) with an Outperform rating and a $225 price target. Shares of Oracle climbed about 1% premarket on Friday. "We believe Oracle is in the early innings of a significant repositioning as it executes on this generational opportunity. The vision is supported by partnerships with AI leaders like OpenAI ( OPENAI ) and NVIDIA ( NVDA ), and endeavors like the Stargate project. As Oracle continues to convert its backlog into revenue, we expect the market narrative to shift from focusing on capex risk to the durable, long-term growth story that is unfolding," said analysts led by Dan Ives. The analysts believe Oracle is on a path to become a foundational infrastructure provider for the "AI Revolution," and the market is fundamentally misinterpreting the company’s aggressive, contract-backed investment cycle as speculative risk. The analysts added that Oracle, long known as a database and enterprise software leader, is now using its expertise to build a highly differentiated, next-generation cloud that is "winning over the world’s most demanding AI workloads." "The secret sauce is Oracle’s two-pronged strategy of superior infrastructure and data integration," according to the analysts. Ives and his team said that Oracle Cloud Infrastructure, or OCI, is built on a unique, flatter network architecture that delivers the high-performance, low-latency compute essential for large-scale AI model training, giving it an advantage over more complex legacy cloud platforms. Secondly, the analysts noted that the company's 'AI for Data' strategy, which is centered on its new Oracle AI Database 26ai, is designed to bridge powerful AI models with proprietary enterprise data, a critical step for creating real-world business value. The analysts added that this is amplified by the company's multi-cloud strategy, seen by the company's multi-cloud database revenue (up 531% year-over-year in the third quarter of...
Elon Musk is touting SpaceX as humanity's ticket to Mars. The difference is in how the companies fund the spending. While Alphabet and Microsoft have deep operating cash flows, SpaceX is bankrolling its push with revenue from rockets and satellites, leaving it with a cash-burn profile closer to a late-stage startup than a trillion-dollar incumbent.
Elon Musk is touting SpaceX as humanity's ticket to Mars. The difference is in how the companies fund the spending. While Alphabet and Microsoft have deep operating cash flows, SpaceX is bankrolling its push with revenue from rockets and satellites, leaving it with a cash-burn profile closer to a late-stage startup than a trillion-dollar incumbent.