ICC judges say there are substantial grounds to believe Duterte guided anti-drugs crackdown that killed thousands The former president of the Philippines, Rodrigo Duterte , will face trial at the international criminal court (ICC) after judges unanimously confirmed charges of crimes against humanity over his “war on drugs”. Pre-trial judges concluded on Thursday that there were substantial grounds...
ICC judges say there are substantial grounds to believe Duterte guided anti-drugs crackdown that killed thousands The former president of the Philippines, Rodrigo Duterte , will face trial at the international criminal court (ICC) after judges unanimously confirmed charges of crimes against humanity over his “war on drugs”. Pre-trial judges concluded on Thursday that there were substantial grounds to believe Duterte was responsible for the crimes against humanity of murder and attempted murder in relation to anti-drugs crackdowns that led to the killing of thousands of people. Continue reading...
tadamichi PENN Entertainment ( PENN ) traded higher in early action on Thursday after the casino company slid past consensus estimates with its first-quarter earnings report. PENN ( PENN ) said it generated revenue of $1.4B in the retail segment and adjusted EBITDAR of $471.4M. The quarter included increased visitation and higher spending per visit company-wide. Casinos in the Northeast, West, and...
tadamichi PENN Entertainment ( PENN ) traded higher in early action on Thursday after the casino company slid past consensus estimates with its first-quarter earnings report. PENN ( PENN ) said it generated revenue of $1.4B in the retail segment and adjusted EBITDAR of $471.4M. The quarter included increased visitation and higher spending per visit company-wide. Casinos in the Northeast, West, and Midwest generated more revenue than a year ago. The company's interactive segment narrowed its adjusted EBITDA loss to $10.8M on revenue of $358.3M. Continued online casino growth combined with positive trends in Ontario were noted to be driving momentum as PENN ( PENN ) prepares for the anticipated July 13 launch of regulated iCasino and online sports betting in Alberta. Non-GAAP EPS of $0.11 topped the consensus estimate by $0.12 and was well above last year's mark of -$0.25. "We are executing on the plan we outlined last quarter, driving retail and interactive growth, optimizing corporate overhead, making disciplined capital investments, and continuing to delever," highlighted CEO Jay Snowden. Shares of PENN ( PENN ) were up 2.2% in premarket trading. More on PENN Entertainment PENN Entertainment, Inc. 2025 Q4 - Results - Earnings Call Presentation PENN Entertainment, Inc. (PENN) Q4 2025 Earnings Call Transcript PENN Entertainment: The Market Gave Up, But Maybe Too Early PENN Entertainment Non-GAAP EPS of $0.11 beats by $0.12, revenue of $1.78B beats by $30M PENN Entertainment Q1 2026 Earnings Preview
Countless Tesla Inc. customers who paid thousands of dollars for autonomous-driving capability lack the necessary hardware in their vehicles, leading Elon Musk to outline options for redress that likely will be costly for the company. The chief executive officer acknowledged during Tesla’s quarterly earnings call Wednesday that millions of cars were built with computers and cameras that aren’t up ...
Countless Tesla Inc. customers who paid thousands of dollars for autonomous-driving capability lack the necessary hardware in their vehicles, leading Elon Musk to outline options for redress that likely will be costly for the company. The chief executive officer acknowledged during Tesla’s quarterly earnings call Wednesday that millions of cars were built with computers and cameras that aren’t up to the task of driving without human supervision. The shortcomings apply to an older set of equipment, called Hardware 3, that Tesla installed in vehicles from early 2019 through early 2023. “I wish it were otherwise, but Hardware 3 simply does not have the capability to achieve unsupervised FSD,” Musk said, referring to the suite of features Tesla markets as Full Self-Driving. To make amends with customers who bought FSD for cars that are deficient, Tesla will offer two options. The first will be to trade in their vehicle for a new model with upgraded hardware, Musk said. Alternatively, owners will be able to take their car in to small factories the company will set up in major metropolitan areas for retrofits. Read More: Tesla Boosts Spending Plan to $25 Billion for AI, Robotics Push “If it’s done just at the service center, it is extremely slow to do so and inefficient,” Musk told analysts. Tesla will need “many production lines” to replace the computer and cameras on board the vehicles, he said. Musk didn’t address how many customers will be eligible for the trade-ins or retrofits, or offer details including where the microfactories will be located. He and several other Tesla executives didn’t respond to emailed follow-up questions. Tesla shares erased after-hours gains during the company’s earnings call and fell as much as 3.6% before the start of regular trading Thursday. The stock has fallen 21% from a record high in mid-December.
Tesla CEO Elon Musk is asking investors to take a leap of faith on his costly bets in self-driving technology and humanoid robots that have yet to generate meaningful revenue. It raises a key question for investors: whether Tesla's rising spending can be justified without the kind of established, high-margin cash engines that allow Big Tech peers to fund bigger investments. "If you think that E...
Tesla CEO Elon Musk is asking investors to take a leap of faith on his costly bets in self-driving technology and humanoid robots that have yet to generate meaningful revenue. It raises a key question for investors: whether Tesla's rising spending can be justified without the kind of established, high-margin cash engines that allow Big Tech peers to fund bigger investments. "If you think that Elon Musk's view that Optimus will be ultimately their most worthy, most value-creating platform, and you think you're skeptical, then the capex doesn't make sense, and it's probably not a good investment," said Seth Goldstein, a Morningstar analyst, on Tesla's humanoid robot, a still-in-development system Musk has said could be mass-produced.
Investing.com -- Super Micro Computer (NASDAQ:SMCI) shares fell 10% Thursday after reports emerged that the company lost a significant contract with Oracle (NYSE:ORCL) for Nvidia (NASDAQ:NVDA) GB300 NVL72 racks.
Investing.com -- Super Micro Computer (NASDAQ:SMCI) shares fell 10% Thursday after reports emerged that the company lost a significant contract with Oracle (NYSE:ORCL) for Nvidia (NASDAQ:NVDA) GB300 NVL72 racks.
Electric vehicle pioneer Tesla (NASDAQ:TSLA) announced better-than-expected revenue in Q1 CY2026, with sales up 15.8% year on year to $22.39 billion. Its non-GAAP profit of $0.41 per share was 15.2% above analysts’ consensus estimates.
Electric vehicle pioneer Tesla (NASDAQ:TSLA) announced better-than-expected revenue in Q1 CY2026, with sales up 15.8% year on year to $22.39 billion. Its non-GAAP profit of $0.41 per share was 15.2% above analysts’ consensus estimates.
Freeport-McMoRan press release ( FCX ): Q1 Non-GAAP EPS of $0.57 beats by $0.10 . Revenue of $6.23B (+8.7% Y/Y) beats by $270M . Net income attributable to common stock in first-quarter 2026 totaled $881 million, $0.61 per share Consolidated production totaled 662 million pounds of copper, 97 thousand ounces of gold and 22 million pounds of molybdenum in first-quarter 2026.• Consolidated sales tot...
Freeport-McMoRan press release ( FCX ): Q1 Non-GAAP EPS of $0.57 beats by $0.10 . Revenue of $6.23B (+8.7% Y/Y) beats by $270M . Net income attributable to common stock in first-quarter 2026 totaled $881 million, $0.61 per share Consolidated production totaled 662 million pounds of copper, 97 thousand ounces of gold and 22 million pounds of molybdenum in first-quarter 2026.• Consolidated sales totaled 657 million pounds of copper, 121 thousand ounces of gold and 24 million pounds of molybdenum in first-quarter 2026. More on Freeport-McMoRan Freeport-McMoRan: Fade The Copper Rally Freeport-McMoRan: The Drawdown Is A Gift Freeport-McMoRan: The Profit Surge Has Barely Started (Rating Upgrade) Freeport expected to report sharp profit jump on strong commodity tailwinds; all eyes on Grasberg restart Copper rises after Trump extends Iran ceasefire; aluminum seen facing 'black swan' supply shock
Hasbro Inc. reported preliminary revenue that beat analysts’ estimates, buoyed by its fantasy card game Magic: The Gathering . The toy company said it couldn’t release full quarterly results at this time due to a previously disclosed cybersecurity attack. Revenue was expected to be $970 million to $985 million in the first quarter, Hasbro said in a statement on Thursday, citing unaudited prelimina...
Hasbro Inc. reported preliminary revenue that beat analysts’ estimates, buoyed by its fantasy card game Magic: The Gathering . The toy company said it couldn’t release full quarterly results at this time due to a previously disclosed cybersecurity attack. Revenue was expected to be $970 million to $985 million in the first quarter, Hasbro said in a statement on Thursday, citing unaudited preliminary information. Analysts had been expecting $908.6 million, according to data compiled by Bloomberg. The company will release full quarterly results on May 20, before the market opens. Hasbro said operating profit should be about $235 million to $245 million. The shares jumped as much as 7.9% in premarket trading in New York before paring some of those gains. They had risen 10.5% so far this year, compared with a 23% decline in shares of Mattel Inc. Earlier this month, Hasbro reported a cybersecurity breach that forced it to take some systems offline. On Thursday, Hasbro said the unauthorized access “has been contained” and it’s making progress to fully restore systems and operations. It said the breach didn’t affect financial results, but it has resulted in delays in compiling the necessary information. Meanwhile, Hasbro continues to take orders and ship products. Notably, its Magic: The Gathering game has been unaffected and its release cadence has continued as planned in the second quarter. In the consumer products segment, Hasbro said it’s able to ship toys but expects “some impact” to revenue and operating profit in the current quarter due to expected order processing, shipping and invoicing delays. It anticipates any such shipping slowdown will be made up in the second half of 2026.
OGULCAN AKSOY/iStock Editorial via Getty Images Lyft ( LYFT ) has agreed to acquire Gett’s UK business, adding one of London’s leading black cab apps to its stable of holdings. With the addition of Gett’s black cabs, Lyft ( LYFT ) now offers a comprehensive suite of ground transportation options, including private hires, bikes, and executive chauffeur services with its TBR Global Chauffeuring serv...
OGULCAN AKSOY/iStock Editorial via Getty Images Lyft ( LYFT ) has agreed to acquire Gett’s UK business, adding one of London’s leading black cab apps to its stable of holdings. With the addition of Gett’s black cabs, Lyft ( LYFT ) now offers a comprehensive suite of ground transportation options, including private hires, bikes, and executive chauffeur services with its TBR Global Chauffeuring service. This recent acquisition nearly doubles the number of rides on Lyft's ( LYFT ) platform. Additionally, through a partnership with Baidu ( BIDU ), Lyft ( LYFT ) will begin testing autonomous rides in London later this year. “With Gett, Lyft is expanding its coverage of London's full ground transport ecosystem,” said Jeremy Bird, EVP of Global Growth at Lyft. “This milestone reflects Lyft's commitment to the London market and our belief in its long-term potential. The acquisition is expected to close in the coming weeks. More on Lyft Lyft: Short Squeeze Potential As Oil Crisis Could Trigger Rideshare Demand Lyft: Huge Bottom Line Growth With Robotaxi Upside Make It Attractive Lyft, Inc. (LYFT) Presents at Bernstein Insights: What's next in tech? - 4th Annual Tech, Media, Telecom Forum Transcript Judge: Trump administration's move to end NYC congestion toll was unlawful Lyft outlines $25B gross bookings target for 2027 with margin expansion and global growth focus
pablorebo1984/iStock Editorial via Getty Images Shares of GE Aerospace (NYSE: GE ) have lost nearly 10% since my last report in which I pointed out that GE Aerospace remains attractive for the long-term and even with GDP growth risk translating to lower service demand analysts had not substantially altered their near-term expectations. GE’s Q1 earnings showing continued strength, but we note that ...
pablorebo1984/iStock Editorial via Getty Images Shares of GE Aerospace (NYSE: GE ) have lost nearly 10% since my last report in which I pointed out that GE Aerospace remains attractive for the long-term and even with GDP growth risk translating to lower service demand analysts had not substantially altered their near-term expectations. GE’s Q1 earnings showing continued strength, but we note that the economic growth concerns prevented GE Aerospace from raising its full year target. So, we do see that there is not only hesitance among investors but also within the management ranks. That, however, does not weaken my view that GE Aerospace provides a compelling investment opportunity for investors. In this report, I discuss the Q1 2026 earnings and update my price target. GE Aerospace Delivers A Strong Beat Despite Margin Compression GE Aerospace Q1 results (GE Aerospace (Earnings Presentation)) Revenues rose to $11.6 billion marking 29% growth in revenues. Calling that strong growth is an understatement. Analysts had expected around $10.7 billion in revenues. Operating profit increased 18% and showed margins weakening somewhat two points to 21.8%. Free cash flow grew 14% to $1.7 billion while earnings per share grew 25% to $1.86 and exceeded analyst estimates by $0.26. The margin compression can be attributed to stronger relative growth in lower-margin revenues. Engine Deliveries Drive Margin Compression For GE Aerospace Commercial Engines & Services financial results (GE Aerospace (Earnings Presentation)) First quarter revenues for the Commercial Engines & Services segment rose 34% driven by 39% growth in services revenues and 20% growth in equipment deliveries. Services growth was driven by 35% growth in internal shop visit revenue including a 50% increase in internal shop visits for the CFM LEAP engines powering the Airbus A320neo and Boeing 737 MAX. Equipment sales were driven by an increase of 50% deliveries showing that the mix is leaning towards lower-revenue e...
Richard Drury/DigitalVision via Getty Images I last covered AT&T ( T ) back in October of last year and rated the stock as a sell , as I believed that the valuation had gotten ahead of itself since its price-to-earnings multiple was well above its five-year average, its dividend yield was well below its five-year average, and its enterprise value/EBITDA was slightly above its five-year weighted av...
Richard Drury/DigitalVision via Getty Images I last covered AT&T ( T ) back in October of last year and rated the stock as a sell , as I believed that the valuation had gotten ahead of itself since its price-to-earnings multiple was well above its five-year average, its dividend yield was well below its five-year average, and its enterprise value/EBITDA was slightly above its five-year weighted average. Given that the growth outlook was fairly muted, I did not see a reason for it to trade at a large premium to its historic average multiples, especially given that I was not expecting long-term interest rates to move materially lower for the foreseeable future. T has since lagged the S&P 500 ( SPY ) by a meaningful margin, thereby vindicating the sell rating. While I am far from bullish on T's most recent earnings results, I am upgrading it from a sell to a hold simply because the valuation is now a bit less unappealing, especially relative to the broader market, though I still do not think it is anywhere close to buy territory. A Streamlined, Connectivity-Focused Business The company has worked in recent years to try to streamline its business model by spinning off some of its media assets in order to be more laser-focused on wireless and fiber broadband businesses. In fact, over 90% of its consolidated revenue and nearly all of its adjusted EBITDA now come from its Advanced Connectivity Business segment. In particular, it is leaning on a two-legged growth engine of wireless and fiber broadband to drive earnings growth moving forward. T also recently acquired fiber assets from Lumen Technologies ( LUMN ) and closed the acquisition ahead of schedule in Q1, which should continue to accelerate its fiber broadband growth momentum. Management believes that these aggressive investments give it a structural advantage in terms of scale relative to competitors. AT&T Q1 Earnings - A Double Beat, But Not Without Caveats The company reported a double beat, with earnings per shar...