The European maker of television shows ranging from Peaky Blinders to Big Brother is to merge with the UK super-indie behind hits including The Traitors to create a €4.4bn (£3.8bn) global TV production giant. Paris-headquartered Banijay Group, which last year considered making a takeover offer for ITV’s studio operation, has struck a deal to merge with All3Media, which is owned by RedBird IMI. The...
The European maker of television shows ranging from Peaky Blinders to Big Brother is to merge with the UK super-indie behind hits including The Traitors to create a €4.4bn (£3.8bn) global TV production giant. Paris-headquartered Banijay Group, which last year considered making a takeover offer for ITV’s studio operation, has struck a deal to merge with All3Media, which is owned by RedBird IMI. The new entity will be the world’s largest independent TV maker, combining Banijay hits such as MasterChef, Survivor, Pointless, Hunted and Location, Location, Location with All3Media staples such as Midsomer Murders, Fleabag, Call the Midwife, Great British Menu and Race Across the World. View image in fullscreen Call the Midwife is one of several All3Media hits. Photograph: BBC/PA Banijay and RedBird IMI, which is in the process of selling the Telegraph titles to the owner of the Daily Mail, will be equal partners in the new merged group. However, Banijay will receive €796m in the deal to reflect that it is a larger business. RedBird IMI, majority backed by the United Arab Emirates with Gerry Cardinale’s US-based Redbird Capital as junior partner, bought All3Media for £1.15bn in 2024. The new company, which will be called Banijay, will generate revenues of €4.4bn and adjusted profits of €690m based on the business performance in 2024. “This transaction represents a decisive step in Banijay Group’s strategy to reinforce its leading position in global entertainment,” said François Riahi, the chief executive of Banijay Group. “We are leading consolidation and this transaction is another demonstration of this in content production.” View image in fullscreen The MasterChef judges Anna Haugh, left, and Grace Dent. Photograph: BBC/PA Marco Bassetti, the chief executive of Banijay Entertainment, will become chief executive of the new merged production company. Jane Turton, the chief executive of All3Media, will serve as deputy chief executive. Jeff Zucker, the former CNN boss who ru...
Mike Babayan was in a hookah lounge when he heard the explosion on Saturday night. Dubai – a gilded playground for the ultra-rich and oligarch class, billed as one of the safest places on Earth – had been attacked by Iranian missiles. Phones lit up with emergency messages urging residents to take shelter. But Dubai is resilient, at least when it comes to partying. “Everyone just went back to their...
Mike Babayan was in a hookah lounge when he heard the explosion on Saturday night. Dubai – a gilded playground for the ultra-rich and oligarch class, billed as one of the safest places on Earth – had been attacked by Iranian missiles. Phones lit up with emergency messages urging residents to take shelter. But Dubai is resilient, at least when it comes to partying. “Everyone just went back to their hookah and food a minute later,” said Babayan. Still, as a precaution, that night Babayan moved from his main home in the Burj Khalifa, the world’s tallest building and anchor of the Dubai skyline, to a residence further from the city center. There, he could hear the explosions much clearer – one every 20 to 30 minutes, he said. “But everyone is just having coffees, walking around like there’s no care in the world. It’s pretty insane.” Babayan is 23 and originally from Los Angeles. He moved to Dubai, the most populous city in the United Arab Emirates, in 2020 to work in finance. He now documents his life as a daytrader and flexes the trappings of influencer life (BMWs, million-dollar apartment) to his nearly 150,000 TikTok followers. Over the weekend, he shifted his focus to commentating on the Dubai strikes in the direct-to-camera style typical of influencers, the city’s night skyline shimmering behind him. He felt a responsibility to combat misinformation; when he saw an AI-generated video of the Burj Khalifa burning, he told his followers it was fake. View image in fullscreen Images provided by Planet Labs PBC show Dubai, United Arab Emirates, on 24 February (left) and on Sunday, 1 March (right). Photograph: AP But he couldn’t resist showing off a little, too. In one clip, Babayan said he felt that Dubai remained safer than New York, Los Angeles and London, even amid the war. Where else, he asked, could he walk around at night wearing his $60,000 watch undisturbed? “I feel like that’s more important, not having to look over my shoulder every two seconds, compared to the...
Key Points Power Solutions is making a transition from industrial and transportation engine products to the data center market. Revenue growth shows the transition is working, but it's coming with some margin compression. The company also announced an acquisition to fill some technological gaps. 10 stocks we like better than Power Solutions International › Shares of Power Solution International (N...
Key Points Power Solutions is making a transition from industrial and transportation engine products to the data center market. Revenue growth shows the transition is working, but it's coming with some margin compression. The company also announced an acquisition to fill some technological gaps. 10 stocks we like better than Power Solutions International › Shares of Power Solution International (NASDAQ: PSIX) plunged 27.7% on Tuesday as of 2:19 p.m. EDT. Power Systems was down along with most AI and data center-related stocks, as fears over higher energy prices and interest rates triggered a broad market sell-off. However, Power Solutions also delivered its fourth-quarter earnings report last night. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » While headline figures beat expectations, concerns over gross margins and a lack of guidance specifics sent Power Solution's stock falling. But is this AI-adjacent stock a buy on the dip? Revenue is booming, but gross margin falls In the fourth quarter, Power Solutions delivered 32.5% revenue growth to $191.2 million, while adjusted (non-GAAP) earnings per share actually declined 31% to $0.71. Even though earnings per share were down a lot, this decline was mainly due to differences in the company's tax rate from the prior year. Whereas for much of last year Power Solutions received a tax benefit due to prior-year loss carryforwards, the company became a full taxpayer in late 2025, resulting in a decline in earnings. Yet even outside the tax issue, Power Solutions' gross margins fell sharply in the quarter, from 29.9% in the year-ago quarter to 21.9% in the fourth quarter of 2025. Management pointed to the company's deliberate transition away from legacy transportation and industrial segments to power systems serving the hypergrowth data center market. Ma...
Shares of Power Solution International (PSIX 28.55%) plunged 27.7% on Tuesday as of 2:19 p.m. EDT. Power Systems was down along with most AI and data center-related stocks, as fears over higher energy prices and interest rates triggered a broad market sell-off. However, Power Solutions also delivered its fourth-quarter earnings report last night. While headline figures beat expectations, concerns ...
Shares of Power Solution International (PSIX 28.55%) plunged 27.7% on Tuesday as of 2:19 p.m. EDT. Power Systems was down along with most AI and data center-related stocks, as fears over higher energy prices and interest rates triggered a broad market sell-off. However, Power Solutions also delivered its fourth-quarter earnings report last night. While headline figures beat expectations, concerns over gross margins and a lack of guidance specifics sent Power Solution's stock falling. But is this AI-adjacent stock a buy on the dip? Expand NASDAQ : PSIX Power Solutions International Today's Change ( -28.55 %) $ -24.48 Current Price $ 61.27 Key Data Points Market Cap $2.0B Day's Range $ 59.75 - $ 73.00 52wk Range $ 18.10 - $ 121.78 Volume 67K Avg Vol 450K Gross Margin 27.38 % Revenue is booming, but gross margin falls In the fourth quarter, Power Solutions delivered 32.5% revenue growth to $191.2 million, while adjusted (non-GAAP) earnings per share actually declined 31% to $0.71. Even though earnings per share were down a lot, this decline was mainly due to differences in the company's tax rate from the prior year. Whereas for much of last year Power Solutions received a tax benefit due to prior-year loss carryforwards, the company became a full taxpayer in late 2025, resulting in a decline in earnings. Yet even outside the tax issue, Power Solutions' gross margins fell sharply in the quarter, from 29.9% in the year-ago quarter to 21.9% in the fourth quarter of 2025. Management pointed to the company's deliberate transition away from legacy transportation and industrial segments to power systems serving the hypergrowth data center market. Management noted the decline in margins was attributed to "operating inefficiencies related to our accelerated production ramp-up for data center product lines." In conjunction with earnings, Power Solutions also announced the acquisition of MTL Manufacturing & Equipment Inc. for an undisclosed sum. MTL makes switchgear subbases, ele...
Conflict-related betting on prediction markets hit a record last week as traders piled into wagers on the US-Israeli strikes on Iran, while blockchain analysts flagged suspicious activity and lawmakers called for a crackdown. Yesha Yadav, professor of law and associate dean at Vanderbilt Law School, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto," to discuss the need for regulatory predi...
Conflict-related betting on prediction markets hit a record last week as traders piled into wagers on the US-Israeli strikes on Iran, while blockchain analysts flagged suspicious activity and lawmakers called for a crackdown. Yesha Yadav, professor of law and associate dean at Vanderbilt Law School, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto," to discuss the need for regulatory prediction market guardrails in the US. (Source: Bloomberg)
Morsa Images/DigitalVision via Getty Images Anbio Biotechnology ( NNNN ) is a medical device company that develops in vitro diagnostics (IVD) solutions. Lately, the company appears to be prioritizing profitability, choosing higher margins over higher sales volume. They’ve also made some governance changes and replaced auditors in preparation for their next financial report. So, it overall appears ...
Morsa Images/DigitalVision via Getty Images Anbio Biotechnology ( NNNN ) is a medical device company that develops in vitro diagnostics (IVD) solutions. Lately, the company appears to be prioritizing profitability, choosing higher margins over higher sales volume. They’ve also made some governance changes and replaced auditors in preparation for their next financial report. So, it overall appears NNNN remains in that transition period until they find a new franchise product akin to their previous COVID vaccines. Yet, for now, I feel the stock remains excessively overpriced, which is why I reiterate my bearish stance on NNNN at these levels. Affordable IVD OTC Offerings Anbio Biotechnology develops in vitro diagnostics (IVD) products for labs, over-the-counter use, and point-of-care testing. They were founded back in 2021 and later went public in 2025. NNNN is currently based in Frankfurt am Main, Germany. I previously covered NNNN in October 2025, and since then, the stock has declined by about 24.8%, so I thought it was worthwhile updating my view on this name. Source: Anbio Biotechnology Website. Retrieved February 2026. As a quick recap, NNNN offers diagnostic platforms that combine testing instruments and assays using different technologies. These platforms can detect biomarkers for a range of diseases, such as infections, cancer, heart conditions, inflammation, endocrine and kidney disorders, pharmacogenomics, diabetes, and drug abuse. On paper, one of NNNN’s main advantages is that its portfolio is flexible and offers broad coverage across different conditions. Essentially, NNNN provides testing solutions that can be applied in an office. These include portable fluorescent immunoassay ( FIA ) analyzers for rapid testing. These are small and portable instruments that use antibody-antigen reactions using light emitted by tagged molecules. Other NNNN offerings cover quick screening, like the lateral flow immunoassay ( LFIA ) products, colloidal gold-based tests, ...
Pakawadee Wongjinda/iStock via Getty Images If there is one country that really matters for US financial markets, it has to be Japan. Not only does Japan have an $8 trillion bond market, making it the world’s third-largest such market, it has also been a major supplier of liquidity to our stock and government bond markets. With holdings of $1.2 trillion of US Treasury bonds, Japan is our largest e...
Pakawadee Wongjinda/iStock via Getty Images If there is one country that really matters for US financial markets, it has to be Japan. Not only does Japan have an $8 trillion bond market, making it the world’s third-largest such market, it has also been a major supplier of liquidity to our stock and government bond markets. With holdings of $1.2 trillion of US Treasury bonds, Japan is our largest external creditor ahead of China. If there is a time when Japanese economic developments truly matter for our financial markets, it has to be now, given the seismic shifts underway in Japanese monetary and budget policies. Those shifts have to raise questions about the prospects for higher Japanese inflation and for that country’s debt sustainability. In 2024, the Bank of Japan (BOJ) abandoned its yield control policy that kept long-term Japanese government bond rates at close to zero. It did so in an attempt to normalize Japanese monetary policy in response to inflation finally increasing towards the BOJ’s two percent inflation target. As a result of that change, 10-year and 20-year Japanese government bond yields have approximately doubled to over two percent and 3.5 percent, respectively. More recently, Japan’s new prime minister, Sanae Takaichi, won a landslide election with a commitment to pursue stimulative economic policies. Takaichi has promised to implement a supplemental budget of around $135 billion, or three percent of Japan’s GDP. She is also committed to suspending for two years an 8 percent tax on food imports in an effort to bring down food prices. In a clear sign that she would like to have a stimulative monetary policy accompanying her expansive budget policy, Takaichi has nominated two monetary policy doves to join the BOJ’s nine-member board within the next few months. The shift to a more stimulative budget policy stance would occur despite the fact that Japan is running a primary budget deficit and, at around 230 percent of GDP, has by far the highest pu...
Key Points General Motors stock is trading at more than twice what Warren Buffett paid for it in 2017. The automaker is coming off a difficult year financially, as it took a multibillion-dollar write-down on its slowing EV business. GM recently raised its dividend and authorized a large share buyback. 10 stocks we like better than General Motors › In the second quarter of 2017, Warren Buffett, the...
Key Points General Motors stock is trading at more than twice what Warren Buffett paid for it in 2017. The automaker is coming off a difficult year financially, as it took a multibillion-dollar write-down on its slowing EV business. GM recently raised its dividend and authorized a large share buyback. 10 stocks we like better than General Motors › In the second quarter of 2017, Warren Buffett, then the CEO of Berkshire Hathaway (NYSE: BRKB), made a somewhat contrarian bet, having the conglomerate buy 10 million shares of General Motors (NYSE: GM) at an average closing price of $33.95. At the time, that move increased Berkshire's stake in the automaker by 20%. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Buffett liquidated his position in the company in 2023, when its shares were trading at $35.59. That wasn't a big score, relatively speaking. But what if Berkshire Hathaway had held onto those shares? Today, GM is trading at more than $80 a share, and if you had bought the stock in 2017 and reinvested its dividends, your total return would be 159.4%. Now that's a payday. How is GM doing now, though? General Motors reported revenue of $185 billion in 2025, down 1.3%. Its earnings per share (EPS) declined even further, by 48.7%, to $3.24. Those numbers, though, were somewhat distorted by a fourth-quarter $7.2 billion write-down relating to the slowdown in its electric vehicle (EV) business. Most of those costs are the result of GM ending or restructuring contracts with suppliers in light of the fact that its EV sales are no longer growing at the rate it expected them to. However, the company remains a solid dividend stock, despite those declines. In conjunction with its Q4 earnings report, it raised its quarterly dividend payout by 20% to $0.18 per share, and announced a $6 billion stock repurchas...
In the second quarter of 2017, Warren Buffett, then the CEO of Berkshire Hathaway (BRKB +0.45%), made a somewhat contrarian bet, having the conglomerate buy 10 million shares of General Motors (GM 0.80%) at an average closing price of $33.95. At the time, that move increased Berkshire's stake in the automaker by 20%. Buffett liquidated his position in the company in 2023, when its shares were trad...
In the second quarter of 2017, Warren Buffett, then the CEO of Berkshire Hathaway (BRKB +0.45%), made a somewhat contrarian bet, having the conglomerate buy 10 million shares of General Motors (GM 0.80%) at an average closing price of $33.95. At the time, that move increased Berkshire's stake in the automaker by 20%. Buffett liquidated his position in the company in 2023, when its shares were trading at $35.59. That wasn't a big score, relatively speaking. But what if Berkshire Hathaway had held onto those shares? Today, GM is trading at more than $80 a share, and if you had bought the stock in 2017 and reinvested its dividends, your total return would be 159.4%. Now that's a payday. How is GM doing now, though? General Motors reported revenue of $185 billion in 2025, down 1.3%. Its earnings per share (EPS) declined even further, by 48.7%, to $3.24. Those numbers, though, were somewhat distorted by a fourth-quarter $7.2 billion write-down relating to the slowdown in its electric vehicle (EV) business. Most of those costs are the result of GM ending or restructuring contracts with suppliers in light of the fact that its EV sales are no longer growing at the rate it expected them to. However, the company remains a solid dividend stock, despite those declines. In conjunction with its Q4 earnings report, it raised its quarterly dividend payout by 20% to $0.18 per share, and announced a $6 billion stock repurchase authorization. The impacts of President Donald Trump's tariffs, as well as a slowdown in EV sales after his Big Beautiful Bill ended the tax break that American buyers had enjoyed on those vehicles, have forced the automaker to adjust. However, it says it expects 2026 EPS of between $11 and $13, a huge jump from the $3.27 it booked in 2025, and a fairly solid improvement from its adjusted EPS of $10.60. It's also guiding for adjusted earnings before interest and taxes of $13 million to $15 billion, compared to $12.7 billion in 2025. Because the Trump administra...
Bambu Lab opens its first global offline flagship store in Shenzhen, Guangdong province, on Oct. 2, 2025. Photo: VCG Pop Mart International Group Ltd. has filed a copyright infringement lawsuit against Shenzhen-based Bambu Lab, a leading maker of consumer 3D printers, escalating tensions between intellectual property owners and the fast-growing personal manufacturing industry. At the center of the...
Bambu Lab opens its first global offline flagship store in Shenzhen, Guangdong province, on Oct. 2, 2025. Photo: VCG Pop Mart International Group Ltd. has filed a copyright infringement lawsuit against Shenzhen-based Bambu Lab, a leading maker of consumer 3D printers, escalating tensions between intellectual property owners and the fast-growing personal manufacturing industry. At the center of the dispute is MakerWorld, a 3D-model platform operated by Bambu Lab, where users have shared design files that enable others to print replicas of Pop Mart’s blockbuster character Labubu. The case is poised to test the murky legal boundaries of consumer 3D printing, particularly whether platform operators can be held liable when users upload copyrighted designs for personal use — a gray area often likened to the early days of digital music sharing.
Global conflicts, including the strikes on Iran over the past week, are unlikely to put a complete stop to companies tapping the US public markets, according to NYSE Group Inc. President Lynn Martin said. “There’s always going to be geopolitical events happening, and the political framework is always going to continue to evolve,” Martin said Tuesday in a Bloomberg Television interview at the Bloom...
Global conflicts, including the strikes on Iran over the past week, are unlikely to put a complete stop to companies tapping the US public markets, according to NYSE Group Inc. President Lynn Martin said. “There’s always going to be geopolitical events happening, and the political framework is always going to continue to evolve,” Martin said Tuesday in a Bloomberg Television interview at the Bloomberg Invest conference in New York. “And if you’re a good company, you can always go public.” Initial public offerings pulled back in recent years as companies chose to remain private longer, the result of private-capital availability and the regulatory scrutiny that comes with being publicly traded. Bankers have been betting on an IPO boom in 2026, with mega-debuts such as Anthropic PBC and Elon Musk ’s SpaceX expected to go public. “I think companies need to be mindful of how anything that’s occurring on the geopolitical landscape is going to affect their businesses in the short term, medium term,” said Martin, who leads the largest US stock exchange. Martin said last August that the IPO market is broadly open across sectors , arguing that companies coming to market after longer waits tend to be stronger and better prepared — sentiments she reiterated in Tuesday’s interview. The New York Stock Exchange said earlier this year that it’s building a venue using blockchain technology to allow for trading tokenized stocks and exchange-traded funds around the clock. Read More: NYSE Builds Venue for 24/7 Trading of Tokenized Stocks, ETFs
Oklo (OKLO 1.62%) is one of several companies attempting to build small modular nuclear reactors (SMRs). The concept is very attractive, but the proof of concept is actually to build and place an SMR. That hasn't happened just yet. However, Oklo's recent deal with technology giant Meta Platforms (META +0.53%) is an important step in the right direction. What does Oklo do? Oklo's income statement s...
Oklo (OKLO 1.62%) is one of several companies attempting to build small modular nuclear reactors (SMRs). The concept is very attractive, but the proof of concept is actually to build and place an SMR. That hasn't happened just yet. However, Oklo's recent deal with technology giant Meta Platforms (META +0.53%) is an important step in the right direction. What does Oklo do? Oklo's income statement starts at expenses, so it doesn't really do much of anything as a business right now other than conduct research. It is basically a nuclear power start-up. The goal is to build small modular nuclear reactors. SMRs are an exciting technology. The relatively small reactors can be used individually or linked together to create a larger power plant. Their small size and use of the most modern safety protocols should allow them to be placed close to where they are needed, potentially closer to population centers than current large-scale reactors can be. That said, one key benefit of Oklo's technology is that it is designed to use recycled nuclear fuel. The problem is that Oklo still doesn't have a commercially operating reactor just yet. And there is still a lot of capital investment needed to get to the point where it does. This is where the Meta deal comes in. The Meta deal is about funding Technology giant Meta has agreed to "prepay for power" that will be generated at Oklo's Ohio power plant once it is completed. The power will be used by the data centers that Meta operates in the region. However, according to Oklo, "pre-construction and site characterization are slated to begin in 2026." That basically means that the company hasn't even broken ground on the Ohio facility yet. Expand NYSE : OKLO Oklo Today's Change ( -1.62 %) $ -1.05 Current Price $ 63.63 Key Data Points Market Cap $10B Day's Range $ 60.05 - $ 64.51 52wk Range $ 17.42 - $ 193.84 Volume 158K Avg Vol 11M In fact, Oklo doesn't expect to generate any electricity until 2030. And the full 1.2 gigawatts it has plann...
Key Points Oklo is a nuclear power start-up looking to build a business around small modular nuclear reactors. The company is still losing money, which is why a new deal with Meta is so important to understand. 10 stocks we like better than Oklo › Oklo (NYSE: OKLO) is one of several companies attempting to build small modular nuclear reactors (SMRs). The concept is very attractive, but the proof o...
Key Points Oklo is a nuclear power start-up looking to build a business around small modular nuclear reactors. The company is still losing money, which is why a new deal with Meta is so important to understand. 10 stocks we like better than Oklo › Oklo (NYSE: OKLO) is one of several companies attempting to build small modular nuclear reactors (SMRs). The concept is very attractive, but the proof of concept is actually to build and place an SMR. That hasn't happened just yet. However, Oklo's recent deal with technology giant Meta Platforms (NASDAQ: META) is an important step in the right direction. What does Oklo do? Oklo's income statement starts at expenses, so it doesn't really do much of anything as a business right now other than conduct research. It is basically a nuclear power start-up. The goal is to build small modular nuclear reactors. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » SMRs are an exciting technology. The relatively small reactors can be used individually or linked together to create a larger power plant. Their small size and use of the most modern safety protocols should allow them to be placed close to where they are needed, potentially closer to population centers than current large-scale reactors can be. That said, one key benefit of Oklo's technology is that it is designed to use recycled nuclear fuel. The problem is that Oklo still doesn't have a commercially operating reactor just yet. And there is still a lot of capital investment needed to get to the point where it does. This is where the Meta deal comes in. The Meta deal is about funding Technology giant Meta has agreed to "prepay for power" that will be generated at Oklo's Ohio power plant once it is completed. The power will be used by the data centers that Meta operates in the region. However, according to Oklo,...
Hi, it’s Ryan Gould, in San Francisco this week, and taking a look at a Thoma Bravo deal that may carve a path through the software meltdown. Also today, Cleco Power is nearing a sale and a Blackstone group makes an offer for British aerospace supplier Senior. Today’s top stories Stonepeak, Bernhard in advanced talks to buy Cleco Power. Blackstone consortium makes non-binding cash offer for Senior...
Hi, it’s Ryan Gould, in San Francisco this week, and taking a look at a Thoma Bravo deal that may carve a path through the software meltdown. Also today, Cleco Power is nearing a sale and a Blackstone group makes an offer for British aerospace supplier Senior. Today’s top stories Stonepeak, Bernhard in advanced talks to buy Cleco Power. Blackstone consortium makes non-binding cash offer for Senior. Toyota founding family is biggest winner in unit takeover battle. Apollo’s Rowan warns private credit shakeout is coming . Thoma’s stamp Buyout firm Thoma Bravo just announced its latest deal, and in some ways, it isn’t what you might have been expecting. For all the noise in recent weeks around the software selloff providing opportunities to buy, the world’s biggest software investor is putting money to work not through a take-private of a depressed SaaS name but rather through an acquisition-cum-merger of two companies that might offer a better look at the state of the real economy. Thoma confirmed Tuesday that it’s acquiring WWEX Group, a major third-party shipping provider that includes the Worldwide Express brand, with the aim of combining it with existing portfolio company and shipping software provider Auctane. While Auctane may not sound familiar, it is; it’s the renamed Stamps.com that Thoma took private for $6.6 billion in 2021. Terms of the deal weren’t disclosed in the release, but as we reported last night, the WWEX Group acquisition is valued at almost $5 billion. Together, the combined companies will have the substantial valuation of about $12 billion. The timing of this deal might be seen as curious, particularly with what feels like a lot of eyes trained on alternative asset managers broadly amid fears of AI displacement and anxiety over software exposure in private credit funds. Brian Jaffee, one of the Thoma partners who worked on the deal, said the discussions between the two companies had been going on “for years.” The deal was “a bit of a rollercoast...
Key Points ThredUp beat timeline estimates, but investors seemed unimpressed with its continuing losses. Growth is expected to slow next year. The post-Liberation Day boom in the stock has nearly fully retraced. 10 stocks we like better than ThredUp › Shares of ThredUp (NASDAQ: TDUP) were falling today after a seemingly solid fourth-quarter earnings report wasn't enough to stem the recent sell-off...
Key Points ThredUp beat timeline estimates, but investors seemed unimpressed with its continuing losses. Growth is expected to slow next year. The post-Liberation Day boom in the stock has nearly fully retraced. 10 stocks we like better than ThredUp › Shares of ThredUp (NASDAQ: TDUP) were falling today after a seemingly solid fourth-quarter earnings report wasn't enough to stem the recent sell-off in the stock. The company is still operating at a net loss on a generally accepted accounting principles (GAAP) basis, and expects top-line growth to slow in 2026 with flat margins. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » As a result, the stock was down 19.1% as of 1:53 p.m. ET. Why ThredUp's results weren't enough ThredUp emerged as a big winner following the announcement of the "Liberation Day" tariffs last April, as investors saw the resale market as protected from import taxes. At one point last year, the stock was up more than 1,000% from its 2024 bottom, but since its peak last August, the stock has fallen sharply, now down by roughly 70% as it hasn't lived up to expectations, and that seemed to be the case this time as well. Revenue in the fourth quarter was up 18% to $79.7 million, which was well ahead of estimates at $77.2 million. Active buyers jumped 30% to 1.65 million, a new record. However, profit-based figures were less impressive. Gross margin fell from 80.4% to 79.6%, and its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell from $5 million to $2.9 million. On a GAAP per share basis, it reported a loss of $0.04, which matched the consensus. CEO James Reinhart said, "For the full year 2025, our performance was a testament to the scalability of our infrastructure and the fundamental strength of our marketplace model." What's next for ThredUp In ...
US Launched Kamikaze Drones Against Iran, Reflecting Lessons Learned From Ukraine In the first 72 hours of Operation Epic Fury , U.S. forces conducted more than 1,700 strikes across Iran on high-value IRGC military assets and leadership. These strikes relied heavily on air-delivered munitions, including bombs, air-launched rockets, and missiles deployed from stealth fighter jets, stealth bombers, ...
US Launched Kamikaze Drones Against Iran, Reflecting Lessons Learned From Ukraine In the first 72 hours of Operation Epic Fury , U.S. forces conducted more than 1,700 strikes across Iran on high-value IRGC military assets and leadership. These strikes relied heavily on air-delivered munitions, including bombs, air-launched rockets, and missiles deployed from stealth fighter jets, stealth bombers, fourth-generation fighter jets and bombers, as well as guided-missile destroyers. Notably, U.S. Central Command indicated the operation also marked the first combat use by the U.S. military of one-way kamikaze drones, a newly added capability likely shaped by lessons drawn from four years of high-intensity warfare in Eastern Europe. Another picture of a Starlink mounted on a Low-Cost Unmanned Combat Attack System (LUCAS) drone https://t.co/SDVp4gZjCK pic.twitter.com/LyxwcL5fso — Robin (@xdNiBoR) December 4, 2025 "For the first time in history, it is using one-way attack drones in combat during Operation Epic Fury. These low-cost drones, modeled after Iran's Shahed drones, are now delivering American-made retribution," U.S. CENTCOM wrote on X. CENTCOM's Task Force Scorpion Strike - for the first time in history - is using one-way attack drones in combat during Operation Epic Fury. These low-cost drones, modeled after Iran's Shahed drones, are now delivering American-made retribution. 🇺🇸 pic.twitter.com/VYdjiECKDT — U.S. Central Command (@CENTCOM) February 28, 2026 OISNT account on X OSINTdefender published footage of what appears to be one of the Low-Cost Unmanned Combat Attack System (LUCAS) US drones used in the operation that crash landed. OSINTdefender noted, "Locals in Iraq appear to have recovered a crashed and almost entirely intact Low-Cost Unmanned Combat Attack System (LUCAS), an American copy of the Iranian Shahed-136 Attack Drone, which is confirmed to have been used recently by Task Force Scorpion Strike during U.S. attacks on Iran as part of Operation Epic Fury...
Czechoslovak Group CFO Zdenek Jurak tells Bloomberg's Lisa Abramowicz that innovations born on the battlefield in Ukraine are reshaping modern warfare. He discusses AI’s growing role in weapons systems and what escalating tensions in Iran mean for the global defense industry. They spoke on the sidelines of the JPMorgan Leveraged Finance Conference in Miami Beach, FL. (Source: Bloomberg)
Czechoslovak Group CFO Zdenek Jurak tells Bloomberg's Lisa Abramowicz that innovations born on the battlefield in Ukraine are reshaping modern warfare. He discusses AI’s growing role in weapons systems and what escalating tensions in Iran mean for the global defense industry. They spoke on the sidelines of the JPMorgan Leveraged Finance Conference in Miami Beach, FL. (Source: Bloomberg)
Bitcoin edged lower, surrendering a short-lived rally past $70,000, as a broader selloff in risk assets deepened amid mounting fears that the Iran war will continue to escalate. Dan Morehead, founder & managing partner at Pantera Capital, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto" to discuss volatility in digital assets and Pantera's investments. (Source: Bloomberg)
Bitcoin edged lower, surrendering a short-lived rally past $70,000, as a broader selloff in risk assets deepened amid mounting fears that the Iran war will continue to escalate. Dan Morehead, founder & managing partner at Pantera Capital, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto" to discuss volatility in digital assets and Pantera's investments. (Source: Bloomberg)
sharply_done/E+ via Getty Images ConocoPhillips ( COP ), Diamondback Energy ( FANG ) and EQT ( EQT ) are among the favorite oil and gas stocks highlighted by Goldman Sachs in a report Tuesday following the U.S.-Israel strikes in Iran and resulting supply disruptions at the Strait of Hormuz. Goldman analysts led by Neil Mehta continue to recommend ConocoPhillips ( COP ), estimating ~$9B in free cas...
sharply_done/E+ via Getty Images ConocoPhillips ( COP ), Diamondback Energy ( FANG ) and EQT ( EQT ) are among the favorite oil and gas stocks highlighted by Goldman Sachs in a report Tuesday following the U.S.-Israel strikes in Iran and resulting supply disruptions at the Strait of Hormuz. Goldman analysts led by Neil Mehta continue to recommend ConocoPhillips ( COP ), estimating ~$9B in free cash fl ow growth from 2025-30 supported by four major projects and $1B in cost reductions and margin enhancements, which would translate to a 24% free cash fl ow per share compound annual growth rate during the period. Mehta and his team believe Conoco ( COP ) o ff ers an attractive free cash fl ow growth prof i le, enabling strong capital returns via share repurchases and a competitive base dividend growth rate, and see further upside to estimates if major projects, particularly Willow, coincide with a longer-dated oil upcycle as non-OPEC supply growth slows and solid demand growth continues. Goldman also likes Diamondback ( FANG ) as a Buy-rated oil E&P with a "positive, idiosyncratic risk/reward skew" given the company’s pure-play Permian Basin exposure, focus on returning capital to shareholders and continued execution strength. Mehta and his team view Diamondback ( FANG ) as well positioned to protect against downside risk to commodity prices while preserving upside exposure to positive changes in the commodity given its low cost of operations. Among natural gas E&P coverage, the bank continues to recommend EQT ( EQT ), noting the company's integrated, pure-play Appalachian asset base supports its lower cost structure and optimized productivity relative to peers as demonstrated by its $2.00/MMBtu long-term breakeven and strong uptime during the recent Winter Storm Fern. Given the company's flexible operations, EQT ( EQT ) generated ~$1B in FCF in the month of February given optimizations around the storm, and Goldman believes the company’s strong track record of operatio...
Faina Gurevich To lower expenses and offset the impact from declining subscriptions and increased competition in the wireless and home internet space, Verizon ( VZ ) reportedly considered trimming—or exiting altogether—its 10-year, billion-dollar sponsorship contract with the National Football League, sources familiar with the matter told The Wall Street Journal. The 2021 deal made Verizon ( VZ ) ...
Faina Gurevich To lower expenses and offset the impact from declining subscriptions and increased competition in the wireless and home internet space, Verizon ( VZ ) reportedly considered trimming—or exiting altogether—its 10-year, billion-dollar sponsorship contract with the National Football League, sources familiar with the matter told The Wall Street Journal. The 2021 deal made Verizon ( VZ ) the official 5G network of the football league and deployed the company’s 5G capabilities to enhance broadcasts. But as the telecom company looks at options to lower costs, the contract was reportedly being reconsidered. “We’re looking at every expense and investment across the business, sponsorships included,” a Verizon spokesperson said to the publication, a sentiment echoed by CEO Daniel Schulman during the company’s most recent earnings call. “We have $5B of cost transformation in our plans for 2026….we’re carefully examining all areas of our cost structure to run leaner and be more agile,” Schulman said, noting that cuts could come from decommissioning legacy elements in the network and reductions in the company’s workforce, all of which will allow Verizon ( VZ ) to invest in the customer and return a “significant” amount of capital to shareholders. But while the company could save on operational costs—Verizon reportedly spends more than $250M each year on sponsorship deals—the penalty for ending its NFL contract and the legal hurdles to overcome made ending the contract prohibitively expensive. Verizon ( VZ ) shares are grinding higher on Tuesday, setting an all-time high of $51.09. More on Verizon Verizon Communications Inc. (VZ) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Verizon's Growth Inflection: Up 22% This Year. Here's What's Next Verizon Communications Inc. (VZ) Presents at Barclays Communications and Content Symposium 2026 Transcript T-Mobile hits back at Verizon with lawsuit over false 'better deal' ad promise Verizon e...