China has emerged as a focal point in the debate over birthright citizenship, as the US Supreme Court appeared sceptical of oral arguments on Wednesday in a landmark case driven by President Donald Trump’s push to restrict the practice. Birthright citizenship “has spawned a sprawling industry of birth tourism,” said Solicitor General D. John Sauer, Trump’s top litigator, in his opening remarks bef...
China has emerged as a focal point in the debate over birthright citizenship, as the US Supreme Court appeared sceptical of oral arguments on Wednesday in a landmark case driven by President Donald Trump’s push to restrict the practice. Birthright citizenship “has spawned a sprawling industry of birth tourism,” said Solicitor General D. John Sauer, Trump’s top litigator, in his opening remarks before the highest court in the country. “Uncounted thousands of foreigners from potentially hostile...
Amazon.com, Inc. (NASDAQ:AMZN) features on the D. E. Shaw Stock Portfolio: Top 10 Stocks to Buy. D. E. Shaw has been bullish on the long-term prospects of Amazon.com, Inc. (NASDAQ:AMZN) stock for more than a decade and a half. The fund has held a sizable stake in the technology giant since the fourth quarter of […]
Amazon.com, Inc. (NASDAQ:AMZN) features on the D. E. Shaw Stock Portfolio: Top 10 Stocks to Buy. D. E. Shaw has been bullish on the long-term prospects of Amazon.com, Inc. (NASDAQ:AMZN) stock for more than a decade and a half. The fund has held a sizable stake in the technology giant since the fourth quarter of […]
Natalya Ugryumova/iStock via Getty Images Falcon's Beyond ( FBYD ) develops amusement parks and other entertainment platforms. The company states to have three divisions: 1) Falcon's Beyond Destinations - theme parks, hotels and attractions, 2) Falcon's Beyond Brands - proprietary digital games and consumer products, and 3) Falcon's Creative Group - master planning services for themed entertainmen...
Natalya Ugryumova/iStock via Getty Images Falcon's Beyond ( FBYD ) develops amusement parks and other entertainment platforms. The company states to have three divisions: 1) Falcon's Beyond Destinations - theme parks, hotels and attractions, 2) Falcon's Beyond Brands - proprietary digital games and consumer products, and 3) Falcon's Creative Group - master planning services for themed entertainment. But most of these divisions' operations are shared investments, accounted for as equity in earnings. Only Falcon's Beyond Brands and a small part of Falcon's Beyond Destinations are consolidated operating businesses. For 2025, Falcon's Beyond reported consolidated revenues of $14.9M and an operating loss of ($13.4M). Net operating cash outflow was ($24.6M). Below the operating line, the company reported non-cash equity-in earnings of $17.0M, but would have been ($13.0M) excluding a non-recurring investee's Tenerife property sale of $30.0M. Net loss from continuing operations attributable to common shareholders was ($28.3M) versus reported net income of $2.8M that included one-off property sales. For Q4 2025, the company reported revenues of $6.6M, an operating loss of ($2.0M), and a net loss of ($0.3M). To the company's credit, 2025 showed some improvement over 2024. Revenues jumped from $6.7M to $14.9M and operating loss narrowed from ($15.9M) to ($13.4M). But net operating cash outflow worsened dramatically from ($12.6M) to ($24.6M). But the big elephant in the room is the huge overvaluation of $1.47B or 99x revenues. Furthermore, the company's multi-layered capital structure of debt, preferred stock, and Common B stock usurps and/or dilutes most of the value from the publicly-traded Common A shares. The company has 48.2M Common A shares. In addition, there are Common B shares of 47.9M, convertible Preferred B shares (with an 11% coupon) of 6.7M, and warrants that convert into 1.3M common shares - a total of 104.1M shares. At the current price of $14.10, FBYD has a mar...
Alphabet Inc. (NASDAQ:GOOGL) features on the D. E. Shaw Stock Portfolio: Top 10 Stocks to Buy. Alphabet Inc. (NASDAQ:GOOGL) has featured in the 13F portfolio of D. E. Shaw consistently since the third quarter of 2015. Back then, this position comprised 11.4 million shares. The fund added to this stake and grew it to over […]
Alphabet Inc. (NASDAQ:GOOGL) features on the D. E. Shaw Stock Portfolio: Top 10 Stocks to Buy. Alphabet Inc. (NASDAQ:GOOGL) has featured in the 13F portfolio of D. E. Shaw consistently since the third quarter of 2015. Back then, this position comprised 11.4 million shares. The fund added to this stake and grew it to over […]
John Mearsheimer Asks: Will Trump Go Kamikaze? Authored by John Mearsheimer There is much talk about President Trump preparing to launch a ground attack against Iran. In the media discourse, much is made of the fact we have about 50,000 troops in the region. See for example these three articles . One might think those are all combat troops and we therefore have roughly three combat divisions avail...
John Mearsheimer Asks: Will Trump Go Kamikaze? Authored by John Mearsheimer There is much talk about President Trump preparing to launch a ground attack against Iran. In the media discourse, much is made of the fact we have about 50,000 troops in the region. See for example these three articles . One might think those are all combat troops and we therefore have roughly three combat divisions available to invade Iran. But that is not true. Until recently, there were about 40,000 US troops in the region, which were mainly a mixture of Air Force, Army, and Navy forces. Very importantly, there were few Army or Marine combat troops, although there were certainly some special forces. But they are of little use for major combat operations, for which you need organized combat units like battalions, brigades, regiments, and divisions . In essence, until recently, there was hardly any organized ground power in the Middle East, which is what you need to invade and hold Iranian territory . As Napoleon was known to say: "God is on the side of the big battalions." Marine Corps image, illustrative/Camp Schwab, Okinawa President Troop has recently sent about 2,000 combat troops from the 82nd Airborne Division to the Middle East as well as the 31st Marine Expeditionary Unit (MEU) comprised of about 2,500 combat troops. There is another MEU – the 11th – on its way to the Middle East from California, which I assume will add another 2,500 combat troops. That MEU is not expected to arrive until mid-April. That means there will be a total of roughly 7,000 combat troops organized in combat units after mid-April, but 4,500 before then . That is a tiny force with little chance of conquering and holding Iranian territory, especially when you consider that: 1) all these units are light infantry, 2) they have not prepared to fight this particular war and are doing it on the fly, 3) supporting them logistically when they are in combat will be very difficult, 4) Iran has mobilized an army of abo...
The dollar index (DXY00 ) on Wednesday added to Tuesday's losses and fell by -0.34%. The dollar is under pressure due to optimism that the war in Iran will end soon. Wednesday's stock rally also reduced liquidity demand for the dollar. The dollar recovered from its worst level after better-than-expected...
The dollar index (DXY00 ) on Wednesday added to Tuesday's losses and fell by -0.34%. The dollar is under pressure due to optimism that the war in Iran will end soon. Wednesday's stock rally also reduced liquidity demand for the dollar. The dollar recovered from its worst level after better-than-expected...
South Pacific Metals ( SPMC:CA ) announced on Wednesday that it had appointed Simon Jackson to its Board of Directors effective March 30, 2026, and that Rebecca Moriarty had been named CFO effective April 30, 2026. Jackson had been an experienced mining executive with senior roles across the full project lifecycle and board positions at companies listed on the TSX, TSX Venture Exchange, and ASX. J...
South Pacific Metals ( SPMC:CA ) announced on Wednesday that it had appointed Simon Jackson to its Board of Directors effective March 30, 2026, and that Rebecca Moriarty had been named CFO effective April 30, 2026. Jackson had been an experienced mining executive with senior roles across the full project lifecycle and board positions at companies listed on the TSX, TSX Venture Exchange, and ASX. Jackson had been serving as Chairman of Predictive Discovery Limited as well as a director of several other publicly listed companies. Moriarty brings over 20 years of mining industry experience, combining technical and business accounting expertise. She had formerly worked as a manager at PricewaterhouseCoopers LLP, focusing on resource companies. Moriarty will be succeeding Scott Kelly as CFO, with Kelly having planned to resign effective April 30, 2026. The company also had granted 1,860,000 restricted share units, subject to TSX Venture Exchange approval. Of the RSUs, 992,500 had been set to vest on March 31, 2027, and 867,500 on March 31, 2028, with each unit entitling the holder to shares or a cash equivalent under the plan. Shares +6.59%. More on Kainantu Resources Financial information for Kainantu Resources
Stitch Fix ( SFIX ) on Wednesday said that it has resumed share repurchases under its existing program, initially authorized in January 2022. The company said it repurchased about 4.5 million Class A shares for $15 million between March 17 and April 1, leaving approximately $105 million available under the $150 million program. Repurchases may be conducted through the open market, privately negoti...
Stitch Fix ( SFIX ) on Wednesday said that it has resumed share repurchases under its existing program, initially authorized in January 2022. The company said it repurchased about 4.5 million Class A shares for $15 million between March 17 and April 1, leaving approximately $105 million available under the $150 million program. Repurchases may be conducted through the open market, privately negotiated transactions, or Rule 10b5-1 plans, at the company’s discretion. SFIX +2.94% after hours to $3.49. Source: Press Release More on Stitch Fix Stitch Fix, Inc. 2026 Q2 - Results - Earnings Call Presentation Stitch Fix Seems Unable To Shake Disappointing Results Stitch Fix, Inc. (SFIX) Q2 2026 Earnings Call Transcript Stitch Fix outlines $1.33B–$1.35B full-year revenue target amid sustained market share gains and robust client engagement Stitch Fix beats FQ2 expectations, lifts full-year guidance
Chinese GPU and AI chipmakers captured nearly 41% of China's AI accelerator server market in 2025. It represents one of the sharpest erosions of Nvidia's (NVDA) position in a key overseas market on record. The data come from an IDC report reviewed by Reuters. Total AI accelerator card shipments in ...
Chinese GPU and AI chipmakers captured nearly 41% of China's AI accelerator server market in 2025. It represents one of the sharpest erosions of Nvidia's (NVDA) position in a key overseas market on record. The data come from an IDC report reviewed by Reuters. Total AI accelerator card shipments in ...