Newly-listed power company ERock could appeal to investors looking for another way to play the AI boom. Erock started trading on the New York Stock Exchange around midday on Wednesday, slipping 5% in early action. ERock makes natural gas-powered engines and generators that can be placed on-site at data centers or other large businesses to provide electricity.
Newly-listed power company ERock could appeal to investors looking for another way to play the AI boom. Erock started trading on the New York Stock Exchange around midday on Wednesday, slipping 5% in early action. ERock makes natural gas-powered engines and generators that can be placed on-site at data centers or other large businesses to provide electricity.
Over the last 7 days, the United States market has experienced a 3.3% drop, yet it remains up by 22% over the past year with earnings expected to grow by 17% annually. In this context, identifying growth companies with high insider ownership can be particularly appealing as it often indicates strong confidence from those closest to the business in its future potential.
Over the last 7 days, the United States market has experienced a 3.3% drop, yet it remains up by 22% over the past year with earnings expected to grow by 17% annually. In this context, identifying growth companies with high insider ownership can be particularly appealing as it often indicates strong confidence from those closest to the business in its future potential.
With enthusiasm for SpaceX’s IPO building, attention has turned to its orbital data center plans. Peter Singlehurst, head of private companies at Baillie Gifford, says making outlandish ideas work is something the Musk-run company has done multiple times before. Singlehurst speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
With enthusiasm for SpaceX’s IPO building, attention has turned to its orbital data center plans. Peter Singlehurst, head of private companies at Baillie Gifford, says making outlandish ideas work is something the Musk-run company has done multiple times before. Singlehurst speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
(RTTNews) - Commerzbank AG (CBK.DE) on Wednesday raised concerns regarding UniCredit's (CRIN.DE) takeover offer, saying shareholder data continues to show no evidence of institutional investor support despite the offer's acceptance level reaching 10.95%.
(RTTNews) - Commerzbank AG (CBK.DE) on Wednesday raised concerns regarding UniCredit's (CRIN.DE) takeover offer, saying shareholder data continues to show no evidence of institutional investor support despite the offer's acceptance level reaching 10.95%.
nycshooter Uber Technologies ( UBER ) is pushing back on a recently enacted New York City law that it argues would weaken safeguards for rider safety, limit its ability to remove high-risk drivers, and restrict the company’s business judgment pertaining to qualified drivers. Enacted by the New York City Council, Local Law 52 aims to provide job security to gig workers by preventing employers from ...
nycshooter Uber Technologies ( UBER ) is pushing back on a recently enacted New York City law that it argues would weaken safeguards for rider safety, limit its ability to remove high-risk drivers, and restrict the company’s business judgment pertaining to qualified drivers. Enacted by the New York City Council, Local Law 52 aims to provide job security to gig workers by preventing employers from deactivating or dismissing drivers without “just cause” (fraud, egregious misconduct, harassment) or a “bona fide economic reason.” However, in its lawsuit, Uber ( UBER ) says each driver agrees to the Platform Access Agreement, which delineates either party’s rights to terminate the employment agreement. The PAA “explicitly” incorporates Uber’s standards and policies and states that a violation of the agreement can lead to deactivation. “The following provisions of [Local Law 52] would force Uber to keep drivers on its platform even if Uber has determined that they have violated its standards, agreements, and policies, and to provide them with specific information that Uber is not contractually required to provide.” Furthermore, Uber ( UBER ) argues that a consequence of [Local Law 52] “would require Uber to connect riders with drivers even if Uber believes in good faith that those drivers pose a risk to rider or public safety, or have engaged in fraudulent activity.” By impeding Uber’s ( UBER ) ability to exercise its business judgment, Local Law 52 “unconstitutionally interferes with Uber’s contractual agreements and violates Uber’s rights guaranteed by the United States Constitution.” Local Law 52 takes effect July 28. Uber ( UBER ) is seeking a permanent injunction plus costs. Related tickers: Lyft ( LYFT ), DoorDash ( DASH ) More on Uber Uber Technologies, Inc. (UBER) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Uber: Scaling For Profitability And Consolidation In Deliveries Uber Technologies: The Orchestrator Of The Autonomous Revolutio...
RHJ/iStock via Getty Images Energy Fuels ( UUUU ) is somewhat outside of my coverage area, as I’ve focused much more on precious metals, oil and gas, and similar natural resources in my career. But I also like the upside in uranium, and in particular, the leverage you get with owning a uranium stock like Energy Fuels. Data by YCharts What’s more: A rare pullback has occurred, with the stock down a...
RHJ/iStock via Getty Images Energy Fuels ( UUUU ) is somewhat outside of my coverage area, as I’ve focused much more on precious metals, oil and gas, and similar natural resources in my career. But I also like the upside in uranium, and in particular, the leverage you get with owning a uranium stock like Energy Fuels. Data by YCharts What’s more: A rare pullback has occurred, with the stock down about 36% over the past month. At first glance, this looks like a super-expensive stock: 2027 earnings per share estimates are $.10, which gives it a forward P/E of 156. But I think you’d be wrong to judge the company by this year’s forward earnings estimates. The future beyond 2027 is very bright for Energy Fuels - for example, the two analysts who carry their models all the way to 2029 see average earnings closer to $0.90 per share, and at that level, the same stock changes hands for about 17 times earnings. Seeking Alpha Should investors be willing to pay up for this future growth that’s a few years away? First, consider that there are really two businesses within Energy Fuels. Uranium is the first and obvious one - it’s the largest domestic producer of yellowcake in the U.S., built on the high-grade Pinyon Plain mine in Arizona and the White Mesa Mill in Utah, the only operating conventional uranium mill left in the country. Then you have the second part of the equation: rare earths. That same mill is being rebuilt to separate the oxides neodymium, praseodymium, dysprosium and terbium, which today come almost entirely from China. That’s why I think shares are worth a speculative buy, as I argue below. The uranium business is finally working Trading Economics Pinyon Plain has production costs in the range of $23-30/lb of uranium, so when you have a spot uranium price of $85/lb, you’re doing pretty well, and you don’t need to produce a ton of uranium to make good profit. Management has guided for about 2 million pounds of production this year. The macro & geopolitical pict...
Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand After yesterday's mediocre 3Y auction, moments ago the Treasury held a stellar 10Y reopening (of cusip QQ7). The sale of $39 billion in 9 Year-11 Month paper priced at a high yield of 4.538%, up from 4.468% last month, and 0.1bp through the 4.539% When Issued. This was the first stop through following 4 sequential tails for the te...
Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand After yesterday's mediocre 3Y auction, moments ago the Treasury held a stellar 10Y reopening (of cusip QQ7). The sale of $39 billion in 9 Year-11 Month paper priced at a high yield of 4.538%, up from 4.468% last month, and 0.1bp through the 4.539% When Issued. This was the first stop through following 4 sequential tails for the tenor. The bid to cover rose from 2.402 to 2.565, well above the six-auction average and the highest since Sept 25. Internals were impressive: indirects surged to 78.21% from 63.95%, which was one of the 5 highest on record; the last time we saw such feverish foreign demand was in Sept 25. And with Directs sliding to just 9.5%, the lowest since January, Dealers were left with 12.32%, far below the 21.39 recent average. Overall, this was a stellar 10Y auction, a big improvement to yesterday's 3Y (which wasn't bad), and a sign from the bond market at least that today's CPI was nothing to be concerned about. Tyler Durden Wed, 06/10/2026 - 13:32
Enterprise AI teams face a dilemma: The best models today might not be the best models a year from now. MassMutual's answer is to stop making long-term bets — and build infrastructure that can swap models as the market shifts. “The world of AI today is extremely dynamic,” Sears Merritt, MassMutual CIO, explained in a new VB Beyond the Pilot podcast . “We wanted to make sure we were positioned to r...
Enterprise AI teams face a dilemma: The best models today might not be the best models a year from now. MassMutual's answer is to stop making long-term bets — and build infrastructure that can swap models as the market shifts. “The world of AI today is extremely dynamic,” Sears Merritt, MassMutual CIO, explained in a new VB Beyond the Pilot podcast . “We wanted to make sure we were positioned to ride that wave of dynamism.” The strategy appears to be paying off in a big way. MassMutual has measured a roughly 30% increase in developer productivity, while AI-powered contact center workflows have reduced resolution times from 10 minutes to one and cut costs from dollars to cents. But the broader lesson for IT leaders may be less about the results and more about how the company is thoughtfully building its AI infrastructure and keeping users at the center. Maintaining optionality for the possibilities of tomorrow MassMutual works with vendors at the leading edge, but keeps those relationships on a clock. “Those relationships are capped so that we maintain optionality for best-of-breed tools as things mature in this space, and at some point, settle down and stabilize,” Merritt said. That philosophy extends to open-source models. Merritt says his team is “100%” looking at open-source tools, and sees the technology playing a big role in how MassMutual (and similar companies) use AI. “We're certainly going to need frontier models and leading edge capabilities to do what today is impossible, and tomorrow will be possible,” he said. Measuring outcomes from the start MassMutual's AI efforts fall into two broad categories. The first focuses on enablement: Putting productivity-enhancing tools such as Copilot and virtual assistants into the hands of all employees. The second involves what Merritt describes as “deepen and focus” initiatives, where teams target a specific workflow or business process that will have a strong impact on advisors, policyholders, or employees. Rather th...
On Tuesday, NASA announced the crew for the Artemis III mission , which is scheduled to be flown no earlier than summer 2027. As part of the announcement, space agency officials also discussed plans for the crew to dock with both a Blue Origin lander and a SpaceX Starship lander during the spaceflight in low-Earth orbit. The presentation, although informative, still left open key questions about t...
On Tuesday, NASA announced the crew for the Artemis III mission , which is scheduled to be flown no earlier than summer 2027. As part of the announcement, space agency officials also discussed plans for the crew to dock with both a Blue Origin lander and a SpaceX Starship lander during the spaceflight in low-Earth orbit. The presentation, although informative, still left open key questions about the landers' readiness and what exactly they'll look like. After the crew announcement, Ars sat down with Jeremy Parsons, NASA's Artemis program manager, to answer some of these questions. This interview, conducted at NASA's Johnson Space Center, has been lightly edited for clarity. Read full article Comments
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Wall Street’s enthusiasm for SpaceX as the company’s IPO approaches. Plus, Google backstops Anthropic data centers as Silicon Valley races to build AI infrastructure with ever more intertwined deals. And, a new dashboard shows the real-time impact of AI on the labor market. (Source: Bloomberg)
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Wall Street’s enthusiasm for SpaceX as the company’s IPO approaches. Plus, Google backstops Anthropic data centers as Silicon Valley races to build AI infrastructure with ever more intertwined deals. And, a new dashboard shows the real-time impact of AI on the labor market. (Source: Bloomberg)