China's housing market shows glimmers of hope as new and lived-in home prices in major cities rise in March Prices for both new and pre-owned homes in China’s largest cities saw month-on-month increases in March, signaling early signs of a property market recovery. Data released Thursday by the National Bureau of Statistics (NBS) revealed that new home prices in Beijing, Shanghai, Guangzhou, and S...
China's housing market shows glimmers of hope as new and lived-in home prices in major cities rise in March Prices for both new and pre-owned homes in China’s largest cities saw month-on-month increases in March, signaling early signs of a property market recovery. Data released Thursday by the National Bureau of Statistics (NBS) revealed that new home prices in Beijing, Shanghai, Guangzhou, and Shenzhen rose by an average of 0.2% from February, reversing a flat trend. Pre-owned home prices in these megacities climbed by 0.4% over the same period, ending an 11-month decline with a modest rebound.
Earnings Call Insights: NextNRG (NXXT) Q4 2025 Management View Executive Chairman & CEO Michael Farkas framed 2025’s scale-up by saying, "In 2024, NextNRG generated $27.8 million in revenue. While in 2025, we generated $81.8 million... That is about 195% growth in 1 single year," and added that "Our on-site mobile fueling business was the driver of this growth." Farkas tied expansion to integratio...
Earnings Call Insights: NextNRG (NXXT) Q4 2025 Management View Executive Chairman & CEO Michael Farkas framed 2025’s scale-up by saying, "In 2024, NextNRG generated $27.8 million in revenue. While in 2025, we generated $81.8 million... That is about 195% growth in 1 single year," and added that "Our on-site mobile fueling business was the driver of this growth." Farkas tied expansion to integration activity, saying, "Following the completed merger of NextNRG and EzFill, we integrated 2 acquisitions, Shell assets and Yoshi Mobility," and that the company entered "4 new major markets: Phoenix, Austin, San Antonio and Houston." On operating momentum and unit economics, Farkas said, "We posted 7 consecutive months of record revenue," and highlighted fueling margins: "Our full year gross margin in fueling was 8.4%. By Q4, it climbed to 10.4%." On customer concentration and competitive displacement, Farkas stated, "Our largest commercial fleet customer, the largest global online retailer is actively cutting other fuel vendors in certain markets. And replacing them with us, NextNRG." On the energy infrastructure segment, Farkas said, "We closed our first power purchase agreements, Sunnyside and Topanga Terrace Rehabilitation & Subacute Care Centers, both in California," describing them as "long-term structured agreements with annual escalators built in" and adding, "Our pipeline of planned smart microgrid projects stands at approximately $750 million." CFO Joel Kleiner emphasized the gap between GAAP loss and cash costs: "Our GAAP net loss for 2025 was $88.2 million," while "The largest driver is stock-based compensation which is totaled at $42.6 million. This is entirely noncash." Outlook Management did not provide explicit 2026 revenue or EPS guidance in the prepared remarks or the submitted Q&A. Kleiner described a 2026 funding and balance-sheet focus: "The goal for 2026 is to reduce our dependence on high-cost short-term debt by growing operating cash flow, increasing ...
Lea la nota en español Yearly reviews of the North American trade pact, a scenario that has become the base case to many in Mexico, would put a drag on one of the best currency rallies in emerging markets, according to BBVA Mexico. Annual USMCA reviews could push the peso to between 18 to 18.5 pesos per dollar, some 7% lower than current levels, BBVA strategist Miguel Angel Iturribarria said in an...
Lea la nota en español Yearly reviews of the North American trade pact, a scenario that has become the base case to many in Mexico, would put a drag on one of the best currency rallies in emerging markets, according to BBVA Mexico. Annual USMCA reviews could push the peso to between 18 to 18.5 pesos per dollar, some 7% lower than current levels, BBVA strategist Miguel Angel Iturribarria said in an interview. Negotiations are set to continue with a visit next week from US Trade Representative Jamieson Greer . Read More: Mexico Consultations Favor Tweaks to USMCA, Not Overhaul The USMCA talks should be one of the main volatility triggers for the Mexican peso, which until the war in Iran broke out had been among the most stable in the region, Iturribarria said. But the currency’s appeal to carry traders — who borrow in a low-yielding asset to invest in a higher-yielding one — “should be an anchor” to keep the peso from sliding too much, he added. “We are not expecting the Mexican peso to depreciate to levels close to 20 per dollar and that’s because you have a higher monetary policy rate in Mexico compared to other emerging-market countries,” he said. The currency was trading around 17.25 pesos per dollar as of Thursday. The Mexican peso has been among the top-performing emerging-market currencies over the past year, supported by a weakening dollar and optimism around President Claudia Sheinbaum’s trade negotiations with the US. The two countries agreed to establish a “regular sequence” of meetings ahead of a July 1 review, Greer ’s office said in March. Teams are expected to review specific options for increasing US and Mexican production and manufacturing employment, “while limiting non-market inputs into North American supply chains,” according to a statement at the time. While Scotiabank economist Derek Holt in January pegged the chance of annual reviews at 40% to 50%, and think tank Center for Strategic & International Studies gave it a “ moderate ” likelihood in ...
bpawesome/iStock via Getty Images With the stock market rising to fresh all-time highs, it’s clear to see that investors have taken a “risk-on” approach to investing again. And while the software sector still remains in deep correction territory, as the recent rebound rally was unable to shake the “SaaSpocalypse” narrative, investors still have plenty of appetite for the AI infrastructure trade. T...
bpawesome/iStock via Getty Images With the stock market rising to fresh all-time highs, it’s clear to see that investors have taken a “risk-on” approach to investing again. And while the software sector still remains in deep correction territory, as the recent rebound rally was unable to shake the “SaaSpocalypse” narrative, investors still have plenty of appetite for the AI infrastructure trade. This was clearly evidenced with the sharp rise in Xanadu Quantum Technologies Limited ( XNDU ), which at this stage is effectively still a research lab for quantum computing. News that Nvidia is releasing open-source AI models designed specifically for quantum workloads has buoyed the sector and boosted Xanadu to a ~$9 billion market cap as of the time of writing. Data by YCharts The question for investors now is, does Xanadu deserve the climb, and can it keep rallying? This is a highly technical company with very little revenue to date: a bet on Xanadu is like a bet on a small biotech, where we have to bank on a research breakthrough and sufficient liquidity to meet that milestone. I’m initiating Xanadu at a neutral rating. Quantum Computing And The Xanadu Approach To understand Xanadu, we first have to understand exactly what quantum computing is and what benefits it may unlock. To slice the topic into the simplest terms: a standard computer is binary, expressing everything in terms of 0 OR 1, which are called “bits,” but not both simultaneously. A quantum computer processes “qubits,” which can be 0, 1, or both simultaneously (which is called a superposition). Standard computers work for most of today’s tasks. But increasingly, the problems that we’re trying to solve are growing in complexity. The ability of quantum computers to deploy superposition allows them to outspeed and outperform standard computers in highly ambiguous, deeply complex workloads. Also, utilizing standard computers and chips to run these intensive workloads consumes massive amounts of power (one of th...
Pavel Byrkin/iStock Editorial via Getty Images The U.S. Army is upgrading its MQ-1C Gray Eagle Extended Range drone with new electronic intelligence, or ELINT, capabilities under a contract awarded to General Atomics Aeronautical Systems, the company said Wednesday. MQ-1C Gray Eagle Extended Range drone (General Atomics Aeronautical Systems) The upgrade is designed to improve the aircraft’s abilit...
Pavel Byrkin/iStock Editorial via Getty Images The U.S. Army is upgrading its MQ-1C Gray Eagle Extended Range drone with new electronic intelligence, or ELINT, capabilities under a contract awarded to General Atomics Aeronautical Systems, the company said Wednesday. MQ-1C Gray Eagle Extended Range drone (General Atomics Aeronautical Systems) The upgrade is designed to improve the aircraft’s ability to detect and analyze enemy air defense systems from long distances, allowing commanders to gather intelligence while keeping the drone outside high-risk areas. The capability is also expected to support coordination between unmanned systems and crewed aircraft, a growing focus for the Army as it looks to reduce risk to pilots. According to the company, the ELINT system will enable the drone to identify and locate radar and other electronic signals associated with integrated air defense systems. General Atomics is working with the Army’s intelligence and spectrum warfare office and contractor SNC to incorporate radar detection and signal collection technology into the platform. The Gray Eagle ER has been used in recent Army demonstrations with a range of intelligence and networking tools, including communications intelligence, radar imaging and mobile network radios. These systems are part of a broader effort to make the aircraft adaptable to different missions through a modular design that allows new sensors and equipment to be added more easily. The drone was also deployed during the Army’s Project Convergence Capstone exercise last year, where it carried out surveillance and targeting tasks in a contested electronic environment. During the exercise, it also served as a communications relay, linking units operating in terrain where direct connections were limited. Army officials have emphasized the importance of systems that can operate in environments where adversaries may attempt to jam or disrupt communications. The Gray Eagle’s upgraded capabilities are intended to ...
As Keir Starmer tells tech bosses to make their sites safer, ministers are weighing up what they can do Starmer tells social media firms: ‘Things can’t go on like this’ Keir Starmer has told social media firms that “things can’t go on like this” in a meeting with tech bosses in Downing Street as pressure mounts for tougher restrictions on the industry. Ministers are considering imposing an under-1...
As Keir Starmer tells tech bosses to make their sites safer, ministers are weighing up what they can do Starmer tells social media firms: ‘Things can’t go on like this’ Keir Starmer has told social media firms that “things can’t go on like this” in a meeting with tech bosses in Downing Street as pressure mounts for tougher restrictions on the industry. Ministers are considering imposing an under-16 age restriction on social media as well as other options to limit app use. Continue reading...
The demolition of the East Wing of the White House during construction of U.S. President Donald Trump’s proposed ballroom is seen from the reopened Washington Monument, following the longest shutdown of the government in Washington, D.C., U.S., Nov. 15, 2025. Jessica Koscielniak | Reuters A federal judge in a revised order on Thursday blocked the Trump administration from above-ground construction...
The demolition of the East Wing of the White House during construction of U.S. President Donald Trump’s proposed ballroom is seen from the reopened Washington Monument, following the longest shutdown of the government in Washington, D.C., U.S., Nov. 15, 2025. Jessica Koscielniak | Reuters A federal judge in a revised order on Thursday blocked the Trump administration from above-ground construction work on the controversial proposed White House ballroom . But Judge Richard Leon's order allows the administration to continue below-ground construction, including work related to national security facilities. Leon is also allowing above-ground construction "that is strictly necessary to cover, secure, and protect such national security facilities," as long as that construction does not "lock in the above-ground size and scale of the ballroom," according to his injunction in U.S. District Court in Washington, D.C . The order comes five days after the federal Circuit Court of Appeals in D.C. told Leon to clarify his prior order issued on March 31, which enjoined the Trump administration from taking any action to build the planned $400 million, 90,000 square-foot ballroom where the White House's East Wing once stood. The East Wing was demolished last year to make way for the project at the behest of President Donald Trump . The appeals court specifically told Leon to reconsider the potential national security implications of blocking the construction. Read more CNBC politics coverage Kalshi, Polymarket lobby as insider trading, betting eyed by Congress Fed nominee Warsh filings detail vast wealth, far exceeding past chairs House Republican campaign arm touts tax cuts in new 2026 election ad Vance says ‘the ball is in Iran’s court’ to move peace talks further, as U.S. blockade takes effect The National Trust for Historic Preservation in the United States is suing the Trump administration to block the ballroom from being built. Leon, in two prior decisions, had declined reques...
Leon Neal/Getty Images News Kenya's High Court ruled Thursday that a class action lawsuit against BP ( BP ) alleging toxic waste disposal at oil exploration sites in the country that contaminated drinking water can move forward . The lawsuit filed in February by nearly 300 petitioners alleged more than 500 residents living near the exploration sites died from cancers and other illnesses linked to ...
Leon Neal/Getty Images News Kenya's High Court ruled Thursday that a class action lawsuit against BP ( BP ) alleging toxic waste disposal at oil exploration sites in the country that contaminated drinking water can move forward . The lawsuit filed in February by nearly 300 petitioners alleged more than 500 residents living near the exploration sites died from cancers and other illnesses linked to drinking water contaminated with heavy metals and carcinogens; court documents cite contaminants including radium isotopes, arsenic, lead, and nitrates allegedly dumped in unlined pits or left exposed. The lawsuit claimed the waste contaminated groundwater and sickened or killed hundreds of residents and livestock nearby. The exploration work was carried out in the 1980s by Amoco Corp., which was bought by BP ( BP ) in 1998; Amoco drilled several dry wells during the period near Kargi and Kalacha in northern Kenya's Chalbi Desert. More on BP Four Reasons BP Could Correct BP: Oil At $100, Strong Buy BP: Buybacks Halted As Balance Sheet Takes Priority, Yet Valuation Remains Attractive
Justin Sullivan/Getty Images News Qualcomm ( QCOM ) was downgraded to Neutral from Overweight by J.P. Morgan due to a combination of rising competition in the data center space and downside risks to estimates in the near term. The financial firm also lowered its price target to $140 from $185 and placed the stock on its "Negative Catalyst Watch" list. "Qualcomm's long-term diversification strategy...
Justin Sullivan/Getty Images News Qualcomm ( QCOM ) was downgraded to Neutral from Overweight by J.P. Morgan due to a combination of rising competition in the data center space and downside risks to estimates in the near term. The financial firm also lowered its price target to $140 from $185 and placed the stock on its "Negative Catalyst Watch" list. "Qualcomm's long-term diversification strategy beyond smartphones has been part of our Overweight thesis on the shares through periods of macro and company-specific volatility in revenue drivers," said J.P. Morgan analysts, led by Samik Chatterjee, in an investor report. "In relation to the datacenter CPU and NPU opportunity within Datacenters, succesful execution could drive an inflection in non-smartphone revenues and deliver diversification ahead of its planned roadmap; but while the company is still working on its roadmap with customers in building pipeline of opportunities across both datacenter CPUs and NPUs, recent announcements from Arm ( ARM ) and Nvidia ( NVDA ) focused on Datacenter CPUs as well as chipsets to address inference use cases are increasing the competitive intensity and driving us to look more for execution datapoints from Qualcomm, which we expect will take time to emerge." In the smartphone market, J.P. Morgan expects Qualcomm to face near-term pressure due to the memory supply shortage combined with its share loss from two of its premier customers, Apple ( AAPL ) and Samsung ( SSNLF ). In addition, the financial firm also pointed out macroeconomic concerns related to Qualcomm's Internet of Things and Automotive business segments. J.P. Morgan reduced its revenue estimates for Qualcomm Technology Licensing. It reduced its fiscal year 2026 QTL revenue forecast to $5.3B from $5.5B. It also expects Qualcomm's wireless chipset technology, or QCT, business to decline by 22% in calendar year 2026 compared to the 17% consensus estimate. Qualcomm is slated to report its second quarter fiscal 2026 financ...
The Stand Comedy Club, Glasgow The northerner finds the funny in banalities with this raucous compendium of all-in-it-together bants Phil Ellis has been watching Netflix specials, and has noticed that all the alpha standups now have a hype-man to big them up pre-show. Here, then, is his own version, a shuffling fellow northerner (comic Tom Short) deadpanning a list of Ellis’s non-achievements in a...
The Stand Comedy Club, Glasgow The northerner finds the funny in banalities with this raucous compendium of all-in-it-together bants Phil Ellis has been watching Netflix specials, and has noticed that all the alpha standups now have a hype-man to big them up pre-show. Here, then, is his own version, a shuffling fellow northerner (comic Tom Short) deadpanning a list of Ellis’s non-achievements in a threadbare American accent, punctuated by gunshot SFX and an airhorn. The modest success of a Taskmaster stint has not gone to Ellis’s head: with his new show, he continues to revel in the failures and banalities of his midlife, a 44-year-old man recently moved home with his parents – single, balding, skint. In Bath Mat, he turns all that into a raucous laughalong, inviting us to pitch abuse at him, straw-polling his observations with the audience, and laughing himself, throughout, to think he gets away with doing this for a living. Over two hours, I found the set more attenuated than the concentrated hits of Ellis I’ve enjoyed on the fringe . It’s a structureless compendium of barely related routines, with more emphasis on so-so standup than the tomfoolish antics that often characterise his work. With sections such as the chat he has with his crowd about roadkill, or another about luxury treatment for pets, we’re in the territory less of precision-focused comedy and more all-in-it-together bants. Continue reading...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks are surging to record highs with the S&P crossing 7,000 as US, Iran ceasefire hopes fuel the rally. TSMC boosting the momentum with a stronger outlook on AI demand. Netflix steps into the spotlight with earnings after losing out on Warner Brothers, while Anthropic rolls out its most powerfu...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks are surging to record highs with the S&P crossing 7,000 as US, Iran ceasefire hopes fuel the rally. TSMC boosting the momentum with a stronger outlook on AI demand. Netflix steps into the spotlight with earnings after losing out on Warner Brothers, while Anthropic rolls out its most powerful AI model yet. Actor Ben McKenzie sounds the alarm on crypto risks and systemic fallout, and Amalgamated Bank CEO Priscilla Sims Brown explains how higher rates and potential bank mergers are reshaping the financial landscape. (Source: Bloomberg)
Leia em português. Raízen SA bondholders have presented the Brazilian company with a new restructuring proposal, which includes a capital injection of around 8 billion reais ($1.6 billion), according to people familiar with the matter. Bondholders are also asking that Rubens Ometto , the founder of parent Cosan SA , be replaced as Raízen’s chairman as part of the restructuring agreement, the peopl...
Leia em português. Raízen SA bondholders have presented the Brazilian company with a new restructuring proposal, which includes a capital injection of around 8 billion reais ($1.6 billion), according to people familiar with the matter. Bondholders are also asking that Rubens Ometto , the founder of parent Cosan SA , be replaced as Raízen’s chairman as part of the restructuring agreement, the people said, asking not to be named discussing a private matter. Raízen, Cosan and Ometto declined to comment. Creditors want more of a say in how the biofuels giant is managed, given they are poised to become significant stockholders through a potential debt-for-equity swap, people familiar said this month. They are asking for a stake of as much as 90% of the company in exchange for 45% of its debt in a restructuring. The new proposal is likely to face pushback. During high stakes meetings in New York last week, controllers Shell Plc and Cosan resisted calls for more money, people familiar said this month. Shell declined to comment. Raízen filed for an out-of-court restructuring in March with a 65 billion-real debt load. Since then, the company has been negotiating with creditors for a wider deal in order to avoid having to file for bankruptcy protection. The parties are up against a legal deadline of June 6 to reach an out-of-court settlement with enough support from bondholders and bank lenders. Shell agreed in March to inject 3.5 billion reais as part of the restructuring, while Ometto committed another 500 million reais. Earlier this month, the company presented creditors with a proposal that would leave them with as much as 70% of Raízen’s common shares. Raízen has been hammered by high interest rates, large investments that have yet to pay off and operational hurdles in its sugar and ethanol divisions, leading to a string of earnings misses. Its woes come amid a string of distress cases that have soured investors on Brazil corporate debt. In recent weeks, supermarket chai...
ronniechua/iStock via Getty Images I sat down and watched ' The Big Short ' for the first time in many years this week. The movie remains iconic in my view and by far the best flick made around the subprime crisis that triggered the Great Financial Crisis. It still makes my blood boil that almost no one responsible for helping nearly bring the country into the financial dark ages has seen a day in...
ronniechua/iStock via Getty Images I sat down and watched ' The Big Short ' for the first time in many years this week. The movie remains iconic in my view and by far the best flick made around the subprime crisis that triggered the Great Financial Crisis. It still makes my blood boil that almost no one responsible for helping nearly bring the country into the financial dark ages has seen a day in jail more than 15 years later. Not the regulators, not the financial cheerleaders on CNBC, not the rating agencies, and only an inadequate number of mortgage brokers that gave a mortgage to anyone could breathe via NINJA loans and other creative financial hocus pocus. MCO Stock Chart (Seeking Alpha) Only one of the bankers in the middle of the whole thing ever saw the inside of a prison cell. Even those that created the likes of synthetic CDOs and other derivative weapons of mass destruction. And don't even get me started on the ratings agencies that routinely rubber-stamped a toxic brew of subprime mortgages and their tranches with AA ratings. Heck, the stock of Moody's ( MCO ) is up roughly thirty-fold from its nadir in early 2009. Meanwhile, Main Street got to pay for that debacle with peak unemployment rates of 10%, millions of foreclosures and evictions, and crushed 401K balances, as well as trillions of lost home equity. Not to mention a massive surge in federal debt that technically belongs to U.S. taxpayers. U.S. Federal Debt (FRED) And this brings me to the topic of today's column: the once again growing disconnect between Wall Street and Main Street. This is one factor within what is becoming a more bifurcated U.S. economy. This economic trend has been widely dubbed the ' K-Shaped ' economy. This environment is one where people in the upper arm of the 'k' see their wealth increase while those in the bottom half go in the other direction. Wealth by wealth percentile group (Federal Reserve) And you can see this everywhere, and this trend was exacerbated during the ...
Taiwan Semiconductor Manufacturing Company (TSM) reported first quarter earnings results on Thursday, which surpassed Wall Street's expectations. The company also lifted its outlook for 2026. Bokeh Capital Partners founder and chief investment officer Kimberly Forrest and Freedom Capital Markets managing director Paul Meeks join Yahoo Finance's Julie Hyman to discuss what the results signal about ...
Taiwan Semiconductor Manufacturing Company (TSM) reported first quarter earnings results on Thursday, which surpassed Wall Street's expectations. The company also lifted its outlook for 2026. Bokeh Capital Partners founder and chief investment officer Kimberly Forrest and Freedom Capital Markets managing director Paul Meeks join Yahoo Finance's Julie Hyman to discuss what the results signal about the artificial intelligence (AI) and chip trade.
Aehr Test Systems (NASDAQ: AEHR) stock is seeing another day of big gains in Thursday's trading session. The company's share price was up 13.2% as of 12:30 p.m. ET and had been up as much as 24.9% earlier in trading. Aehr stock is surging today thanks to news that the company has landed another big contract with a cloud hyperscaler customer. As of this writing, the company's share price is now up ...
Aehr Test Systems (NASDAQ: AEHR) stock is seeing another day of big gains in Thursday's trading session. The company's share price was up 13.2% as of 12:30 p.m. ET and had been up as much as 24.9% earlier in trading. Aehr stock is surging today thanks to news that the company has landed another big contract with a cloud hyperscaler customer. As of this writing, the company's share price is now up 311% year to date. Image source: Getty Images. Continue reading