Saba Capital Management and Cox Capital Partners have announced cash tender offers for shares in business development companies owned by Blue Owl Capital Corporation . The offer price is expected to be at a 20%-35% discount to the most recent estimated net asset value and dividend reinvestment price. That will be determined when tender offers start after a 10-business day notice period for each BD...
Saba Capital Management and Cox Capital Partners have announced cash tender offers for shares in business development companies owned by Blue Owl Capital Corporation . The offer price is expected to be at a 20%-35% discount to the most recent estimated net asset value and dividend reinvestment price. That will be determined when tender offers start after a 10-business day notice period for each BDC, Cox and Saba said. Saba and Cox sent notice to purchase Blue Owl Capital Corporation II shares on Feb. 17. They plan to make similar offers for Blue Owl Technology Income Corp. and Blue Owl Credit Income Corp. , which are also BDCs. “The purchasers’ tender offers would provide a liquidity solution to retail investors in the wake of a significant industry-wide increase in BDC redemption requests, multiple quarters of net outflows and a rise in redemption gate provisions,” said Saba and Cox in a statement.
There may be no other U.S.-based, publicly traded company that's betting its future more on robotics than Tesla (NASDAQ: TSLA) . The company is in the throes of pivoting from its electric vehicle (EV) business to humanoid robots, a market that could reach $3 trillion by 2050. Success is anything but guaranteed, but there are a few reasons why the company could dominate the robotics market this yea...
There may be no other U.S.-based, publicly traded company that's betting its future more on robotics than Tesla (NASDAQ: TSLA) . The company is in the throes of pivoting from its electric vehicle (EV) business to humanoid robots, a market that could reach $3 trillion by 2050. Success is anything but guaranteed, but there are a few reasons why the company could dominate the robotics market this year. Image source: Tesla. Continue reading
Federal Communications Commission Chair Brendan Carr is urging broadcasters to air "patriotic, pro-America content" in celebration of the US's 250th anniversary. The initiative, called the "Pledge America Campaign," encourages broadcasters to run public service announcements, short segments, or specials to promote "civic education, inspiring local stories, and American history." Carr says broadcas...
Federal Communications Commission Chair Brendan Carr is urging broadcasters to air "patriotic, pro-America content" in celebration of the US's 250th anniversary. The initiative, called the "Pledge America Campaign," encourages broadcasters to run public service announcements, short segments, or specials to promote "civic education, inspiring local stories, and American history." Carr says broadcasters can "voluntarily choose to indicate their commitment" to the campaign by doing things like starting the day with the "Star Spangled Banner" or Pledge of Allegiance, broadcasting daily programming to highlight historical events, as well as show … Read the full story at The Verge.
Authorities suspect renowned astronomer Carl Grillmair was shot by 29-year-old man arrested for nearby carjacking A renowned California Institute of Technology (Caltech) scientist who studied distant planets and other areas of astronomy for decades was recently shot to death at his home in a rural community outside Los Angeles , authorities said. Carl Grillmair, 67, died from a bullet wound to the...
Authorities suspect renowned astronomer Carl Grillmair was shot by 29-year-old man arrested for nearby carjacking A renowned California Institute of Technology (Caltech) scientist who studied distant planets and other areas of astronomy for decades was recently shot to death at his home in a rural community outside Los Angeles , authorities said. Carl Grillmair, 67, died from a bullet wound to the torso on Monday in Llano, an unincorporated community in the Antelope Valley, according to information from the LA county medical examiner’s office. The county sheriff’s department said it had arrested a suspect in Grillmair’s slaying, identifying him as 29-year-old Freddy Snyder. Continue reading...
Over the last five weeks, a limited number of hackers broke into more than 600 firewalls across dozens of countries with the help of widely available artificial intelligence tools, according to security research from Amazon.com Inc. The small group of hackers – or possibly just one person – used commercial generative AI services to quickly take advantage of weak security measures, such as simple s...
Over the last five weeks, a limited number of hackers broke into more than 600 firewalls across dozens of countries with the help of widely available artificial intelligence tools, according to security research from Amazon.com Inc. The small group of hackers – or possibly just one person – used commercial generative AI services to quickly take advantage of weak security measures, such as simple sign-in credentials or single-factor authentication, according to a report from the company. The techniques let the intruders compromise firewalls at a scale that would have otherwise required a larger and more skilled team. The Russian-speaking hackers leveraged their access to the security devices, spread across 55 countries, to move further into some victims’ networks in ways that appeared to be setting up ransomware attacks, the report states. The widespread breaches, which Amazon said were financially motivated, are the latest example of hackers using AI to ease and speed cyberattacks. “It’s like an AI-powered assembly line for cybercrime, helping less skilled workers produce at scale,” CJ Moses, who leads security engineering and operations at Amazon, said in the report. It doesn’t identify the AI tools the hackers used nor does it name the victims. Researchers believe the hackers opportunistically broke into firewalls with weak protections, rather than targeting certain industries, according to the report. The compromised devices were spread across South Asia, Latin America, the Caribbean, West Africa, Northern Europe and Southeast Asia. When the hackers encountered more hardened security, they simply moved on to other targets, Moses said. And once inside a network, they “largely failed when attempting to exploit anything beyond the most straightforward, automated attack paths,” the report states. Last year, a hacker leveraged technology from Anthropic PBC as part of a vast cybercrime scheme that’s impacted at least 17 organizations, Anthropic said, marking what was t...
Earnings Call Insights: Cogent Communications Holdings, Inc. (CCOI) Q4 2025 Management View CEO David Schaeffer highlighted a continued increase in margins, driven by cost reductions and a shift to more profitable on-net products. He noted, "Our on-net revenues as a percentage of revenues has increased from 47% of revenues in the third quarter of 2023 to 61% of revenues this quarter." Off-net reve...
Earnings Call Insights: Cogent Communications Holdings, Inc. (CCOI) Q4 2025 Management View CEO David Schaeffer highlighted a continued increase in margins, driven by cost reductions and a shift to more profitable on-net products. He noted, "Our on-net revenues as a percentage of revenues has increased from 47% of revenues in the third quarter of 2023 to 61% of revenues this quarter." Off-net revenues declined to 39%, and noncore revenues dropped to less than 1% of total revenues this quarter, reflecting a strategic focus on higher-margin offerings. Wavelength services expanded to 1,096 locations, with revenue for the quarter at $12.1 million, marking a 74% year-over-year increase. Schaeffer stated, "Our wavelength revenue for the full year 2025...was $38.5 million, an increase of 100% from the 2024 number." Schaeffer outlined the company’s deleveraging strategy, emphasizing improved leverage ratios and the intent to refinance $750 million in unsecured notes with secured notes once the make-whole period expires in June 2026. Plans to monetize 24 surplus data centers were discussed, with negotiations ongoing after a previously discussed LOI was terminated due to owner financing requirements. Schaeffer asserted, "We anticipate our revenue growth to continue to improve and be in the 6% to 8% range," with EBITDA margin expansion expected to moderate to roughly 200 basis points per year over a multiyear period. CFO Thaddeus Weed confirmed, "Our total revenue for the quarter was $240.5 million and $975.8 million for the year. Our total revenue for the quarter declined sequentially by $1.4 million or by 0.6%. This was an improvement from the $4.3 million...sequential quarterly revenue decline that we experienced last quarter." He further broke down the revenue mix shift, noting a drop in Sprint-acquired wireline revenues and growth in Cogent classic revenues. Outlook Management reaffirmed multiyear revenue growth targets of 6% to 8% and projected EBITDA margin expansion at...
Britain’s government will consider new legislation to remove the former prince Andrew from the line of royal succession once the police investigation into his ties with Epstein is over, a UK official said on Friday. Any changes to the line of succession – Andrew Mountbatten-Windsor is eighth in line to the throne – would require consultation and agreement with other countries where King Charles i...
Britain’s government will consider new legislation to remove the former prince Andrew from the line of royal succession once the police investigation into his ties with Epstein is over, a UK official said on Friday. Any changes to the line of succession – Andrew Mountbatten-Windsor is eighth in line to the throne – would require consultation and agreement with other countries where King Charles is head of state, said the official, who asked not to be identified. The former prince was arrested...
KanawatTH/iStock via Getty Images Written by Jussi Askola The market is finally recognizing what we have been warning about for close to a year, which is that AI is a threat to a lot of stocks. Until recently, Wall Street still saw AI as a universal profit booster, cutting costs and increasing margins. That may be true in the short term, but the problem is that it also breaks traditional barriers ...
KanawatTH/iStock via Getty Images Written by Jussi Askola The market is finally recognizing what we have been warning about for close to a year, which is that AI is a threat to a lot of stocks. Until recently, Wall Street still saw AI as a universal profit booster, cutting costs and increasing margins. That may be true in the short term, but the problem is that it also breaks traditional barriers to entry, likely leading to much greater competition and lower profitability over the long run. Digital businesses are the most extreme example of that. What used to require a team of developers, a few million dollars, and many months to build can now be reproduced with much lower resources. The barriers to entry have eroded, competition is already surging, and I think that this will inevitably hurt a lot of well-established companies over the long run. This does not mean that they will collapse overnight, especially if switching costs are steep, but it will likely lead to greater pricing pressure, lower retention rates, and slower long-term growth. This realization has had a truly spectacular impact on the stock prices of such digital businesses. Market leaders like Microsoft ( MSFT ), Salesforce ( CRM ), Workday ( WDAY ), Roper Technologies ( ROP ), and Constellation Software ( CNSWF ) are down anywhere between 20% and 50%, and that’s in less than one year: Data by YCharts If those big established players are down so much, you can imagine that smaller digital businesses must be down even more. Companies like Monday ( MNDY ), Duolingo ( DUOL ), PAR Technologies ( PAR ), etc., are down closer to 70-80%: Data by YCharts The value destruction has been truly massive, and it happened very quickly as the market recognized this risk. But Here's The Worst Part: I fear that this is still just the beginning. The market right now appears to still think that only these digital businesses will suffer from AI breaking barriers to entry and inviting more competition. I think that this is...
Earnings Call Insights: Forum Energy Technologies (FET) Q4 2025 Management View Neal Lux, President, CEO & Director, highlighted that "fourth quarter and full year results once again display why FET is a great business and a compelling long-term investment." He emphasized disciplined execution amid lower global drilling activity, tariffs, and geopolitical uncertainty, noting market share gains dri...
Earnings Call Insights: Forum Energy Technologies (FET) Q4 2025 Management View Neal Lux, President, CEO & Director, highlighted that "fourth quarter and full year results once again display why FET is a great business and a compelling long-term investment." He emphasized disciplined execution amid lower global drilling activity, tariffs, and geopolitical uncertainty, noting market share gains driven by the "Beat the Market" strategy and a 20% increase in revenue per global rig since 2022. Lux stated that in 2025, despite a sizable decline in global rig count, FET increased revenue per rig and achieved a full year book-to-bill of 113%, with subsea product line nearly reaching 190% book-to-bill and international drilling product orders rising. The company enters 2026 with its highest year-end backlog in 11 years, up 46% since the start of 2025. Lux attributed this to innovation, citing ten new products commercialized in 2025, including the SecuraSlim stage collar and DURACOIL 95. Structural cost reductions and plant consolidations are set to deliver approximately $15 million in ongoing annualized savings. Free cash flow generation was cited as a defining strength, with $80 million delivered in 2025, enabling a 28% net debt reduction and repurchase of approximately 11% of shares outstanding. Looking ahead, Lux projected 2026 revenue of $800 million to $880 million, EBITDA of $90 million to $110 million, adjusted net income between $18 million and $38 million, and free cash flow between $55 million and $75 million. Lux stated, "This is a great start to executing FET 2030." David Williams, Executive VP & CFO, stated, "Fourth quarter revenue of $202 million exceeded the top end of our guidance range and increased 3% sequentially." He noted strength in offshore and international markets, with international revenue surpassing U.S. revenue for the second consecutive quarter. Adjusted EBITDA for the quarter reached $23 million. Outlook Management is guiding 2026 revenue betw...
Bloomberg’s Ed Ludlow discusses the US Supreme Court striking down President Trump's sweeping global tariffs. Plus, Netflix co-CEO Ted Sarandos tells Bloomberg the company's bid to acquire Warner Bros. Discovery will close, even after Warner reopened talks with Paramount Skydance. And West Virginia Attorney General John McCuskey explains why he is suing Apple over child sexual abuse material. (Sou...
Bloomberg’s Ed Ludlow discusses the US Supreme Court striking down President Trump's sweeping global tariffs. Plus, Netflix co-CEO Ted Sarandos tells Bloomberg the company's bid to acquire Warner Bros. Discovery will close, even after Warner reopened talks with Paramount Skydance. And West Virginia Attorney General John McCuskey explains why he is suing Apple over child sexual abuse material. (Source: Bloomberg)
The startup, founded by accountants who worked at Flexport, Miro, Hopin and Thrive Global, automates the difficulties of prepping financial statements.
The startup, founded by accountants who worked at Flexport, Miro, Hopin and Thrive Global, automates the difficulties of prepping financial statements.