In the latest sign of AI silly season, Allbirds, the shoe company, told the world it was now an AI company and briefly managed to septuple its stock price . The Newbird AI story is really just one of a bunch of things this week that made us wonder: have we reached the peak of AI, or at least a peak of AI? Verge subscribers, don't forget you get exclusive access to ad-free Vergecast wherever you ge...
In the latest sign of AI silly season, Allbirds, the shoe company, told the world it was now an AI company and briefly managed to septuple its stock price . The Newbird AI story is really just one of a bunch of things this week that made us wonder: have we reached the peak of AI, or at least a peak of AI? Verge subscribers, don't forget you get exclusive access to ad-free Vergecast wherever you get your podcasts. Head here . Not a subscriber? You can sign up here . On this episode of The Vergecast , we look at both the data and the vibes. David and Nilay explore a new study from Stanford that says AI is getting better at lots of things, a … Read the full story at The Verge.
Getty Images Netflix, Inc. ( NFLX ) is, as of this writing, down 10% after hours following the release of its Q1 earnings report . The general consensus has pointed to a variety of factors to explain this; the leading two are the company’s softer-than-expected guidance for Q2 and the departure of co-founder and long-time CEO Reed Hastings, who, three years after vacating the big chair to become ch...
Getty Images Netflix, Inc. ( NFLX ) is, as of this writing, down 10% after hours following the release of its Q1 earnings report . The general consensus has pointed to a variety of factors to explain this; the leading two are the company’s softer-than-expected guidance for Q2 and the departure of co-founder and long-time CEO Reed Hastings, who, three years after vacating the big chair to become chairman of the Board, will now leave the company entirely. While those factors have their place, I would emphasize the operational indicators in the report above all other considerations. Netflix, I think, is declining because some of its metrics are getting a little disquieting. Metrics, Not People I am not convinced Hastings’s departure is a significant factor here. In general, I tend to discount the importance of personalities in corporate operations; while leadership can make a huge difference, leaders do so through their decisions, not their mere presence. Hastings, by all accounts, has allowed co-CEOs Greg Peters and Ted Sarandos to do things their way since stepping back, so I frankly just don’t think this changes very much. One sign of Hastings' relatively hands-off approach was the merger with Warner Bros. Discovery ( WBD )—which, yes, I know, did not go through. But that was thanks to Paramount’s ( PSKY ) frankly ludicrous overbid. Just the fact that Netflix was looking to buy was in many ways a renunciation of Hastings' “build, not buy” mantra that he had preached through 20 years of leading the company. Merger Windfall That merger itself was a substantial factor in this earnings report. Remember, Netflix was owed a $2.8 billion termination fee from Warner Brothers—really from Paramount, who has agreed to reimburse Warner for it—that it recorded this quarter in “other income.” Netflix’s “strong” earnings report owes entirely to this extra payment. Without that payment, Netflix would have reported a $2.9 billion quarterly net income—roughly 68 cents per share, cons...
(RTTNews) - Marex Group plc (MRX) has priced its public offering of $500 million of its 5.68 percent Senior Notes the financial services platform announced on Friday
(RTTNews) - Marex Group plc (MRX) has priced its public offering of $500 million of its 5.68 percent Senior Notes the financial services platform announced on Friday
Oak View Bankshares ( OAKV ) announced on Friday that its Board of Directors has authorized a share repurchase program, effective April 17, 2026, through April 16, 2027, to repurchase up to $1.4M of the company's common stock. Source: Press Release More on Oak View Bankshares Dividend scorecard for Oak View Bankshares Financial information for Oak View Bankshares
Oak View Bankshares ( OAKV ) announced on Friday that its Board of Directors has authorized a share repurchase program, effective April 17, 2026, through April 16, 2027, to repurchase up to $1.4M of the company's common stock. Source: Press Release More on Oak View Bankshares Dividend scorecard for Oak View Bankshares Financial information for Oak View Bankshares
mymy87/iStock Editorial via Getty Images Apple ( AAPL ) has made progress in on-device artificial intelligence capabilities while also remaining mostly insulated from AI-related volatility, according to Bank of America Securities. This has led Apple to be viewed as the highest-quality stock in BofA's coverage and the "ultimate edge AI play" heading into earnings. "AAPL is making progress with powe...
mymy87/iStock Editorial via Getty Images Apple ( AAPL ) has made progress in on-device artificial intelligence capabilities while also remaining mostly insulated from AI-related volatility, according to Bank of America Securities. This has led Apple to be viewed as the highest-quality stock in BofA's coverage and the "ultimate edge AI play" heading into earnings. "AAPL is making progress with powering on-device AI capabilities with its silicon along with building compute capacity via Private Cloud Compute with Apple silicon servers," said BofA analysts, led by Wamsi Mohan, in a Friday investor note. "AAPL looks relatively insulated from the AI-related volatility, and in our view, Apple's AI strategy is centered around local inference on-device, unified compute, specialized model execution, and a privacy-oriented PCC for workloads that exceed local limits." BofA has a Buy rating and a $325 price target on the stock. "Compared to other mega-cap names, year to date, AAPL has been relatively insulated from the AI spend-related volatility, and we think this reflects its more indirect exposure to AI infrastructure capex and a valuation framework still driven more by consumer hardware and services," Mohan said. "In our view, Apple's AI strategy is centered around local inference on-device, unified compute (CPU + GPU + Media Engine + Neural Engine + unified memory controller), more specialized model execution, and a privacy-oriented PCC for workloads that exceed local limits." Apple's M5 generation demonstrates an important step in the company's path to a complete in-house AI compute stack, BofA noted. The base M5 features a next-generation GPU with a Neural Accelerator in each core. This gives it a peak performance of four times faster than its predecessor, the M4. It also boasts a 30% increase in unified memory bandwidth. Apple is expected to unveil the M5 Ultra version of the chip at its annual WWDC event in June. The company revealed its M5 Pro and Max chips last month....
EOS Energy Enterprises (NASDAQ: EOSE) is a name many investors might not know. The stock gained some momentum late last week after pre-announcing a first-quarter revenue and business update. But a news release has the stock flying even higher this week. Shares of the battery energy storage firm have surged 26.5% this week as of Friday morning, according to data provided by S&P Global Market Intell...
EOS Energy Enterprises (NASDAQ: EOSE) is a name many investors might not know. The stock gained some momentum late last week after pre-announcing a first-quarter revenue and business update. But a news release has the stock flying even higher this week. Shares of the battery energy storage firm have surged 26.5% this week as of Friday morning, according to data provided by S&P Global Market Intelligence . That's because investors think the stock might mirror Bloom Energy's parabolic move. Image source: Getty Images. Continue reading
Iran announced that the Strait of Hormuz is now “completely open” for commercial traffic, a major step toward ending a war with the US and Israel that’s sent energy prices surging. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” Foreign Minister Abbas Araghchi said on X. Ship...
Iran announced that the Strait of Hormuz is now “completely open” for commercial traffic, a major step toward ending a war with the US and Israel that’s sent energy prices surging. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” Foreign Minister Abbas Araghchi said on X. Ships can move on the “coordinated route as already announced” by Iranian authorities. Bloomberg's Patrick Sykes joins to discuss. (Source: Bloomberg)
Carpenter Technology ( CRS ) declares $0.20/share quarterly dividend , in line with previous. Forward yield 0.19% Payable June 4; for shareholders of record April 28; ex-div April 28. See CRS Dividend Scorecard, Yield Chart, & Dividend Growth. More on Carpenter Technology Carpenter Technology Gains Pricing Power In A Tight Market (Upgrade) Carpenter Technology Corporation 2026 Q2 - Results - Earni...
Carpenter Technology ( CRS ) declares $0.20/share quarterly dividend , in line with previous. Forward yield 0.19% Payable June 4; for shareholders of record April 28; ex-div April 28. See CRS Dividend Scorecard, Yield Chart, & Dividend Growth. More on Carpenter Technology Carpenter Technology Gains Pricing Power In A Tight Market (Upgrade) Carpenter Technology Corporation 2026 Q2 - Results - Earnings Call Presentation Carpenter Technology Corporation (CRS) Q2 2026 Earnings Call Transcript Carpenter Technology Non-GAAP EPS of $2.33 beats by $0.11, revenue of $728M misses by $6.31M Carpenter Technology Q2 2026 Earnings Preview
Robert Way Payward, the parent of crypto exchange Kraken, agreed to acquire digital asset derivatives platform Bitnomial for up to $550M in a cash-and-stock deal that values Payward at $20B, the company said Friday. Bitnomial is the first crypto-native platform to obtain all three CFTC-issued licenses — exchange, clearinghouse, and brokerage — needed to operate a full-stack derivatives business in...
Robert Way Payward, the parent of crypto exchange Kraken, agreed to acquire digital asset derivatives platform Bitnomial for up to $550M in a cash-and-stock deal that values Payward at $20B, the company said Friday. Bitnomial is the first crypto-native platform to obtain all three CFTC-issued licenses — exchange, clearinghouse, and brokerage — needed to operate a full-stack derivatives business in the U.S. The pending acquisition allows Payward to accelerate its expansion in the U.S. by circumventing the years of effort it would have taken to secure the regulatory clearances on its own. With the acquisition, Payward will offer regulated derivatives offerings across all of its major markets, it said. The transaction adds Bitnomial's CFTC-licensed infrastructure to Payward's global client base, deep liquidity, and distribution across Kraken ( KRAKEN ), NinjaTrader, and its broader product family. Bitnomial spent more than a decade building the clearing infrastructure for digital assets in the U.S. "These are capabilities that cannot be retrofitted onto legacy systems. They have to be built natively," said Payward and Kraken Co-CEO Arjun Sethi. "That is the regulated foundation we are adding to Payward, starting with spot margin, perpetuals, and options for US clients under CFTC regulation." The transaction is expected to close in the first half of 2026. More on Kraken Co Ltd Deutsche Börse invests $200M in Kraken's Payward for 1.5% stake Kraken says it won't pay recent extortion demands Crypto exchange Kraken pauses IPO plan until market conditions improve