In this article VCIC BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Nurphoto | Getty Images Crypto investment firm CoinShares said it will begin trading on Nasdaq Wednesday through a merger with a special purpose acquisition company, or SPAC. The company is merging with Vine Hill Capital to form the holding company CoinShares PLC. The deal closed late Tuesday, CNBC has learned. It was fir...
In this article VCIC BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Nurphoto | Getty Images Crypto investment firm CoinShares said it will begin trading on Nasdaq Wednesday through a merger with a special purpose acquisition company, or SPAC. The company is merging with Vine Hill Capital to form the holding company CoinShares PLC. The deal closed late Tuesday, CNBC has learned. It was first announced in September, and it values the business at about $1.2 billion, including a $50 million investment from institutional investors. Shares will trade under the ticker CSHR. CoinShares is a 12-year-old European asset manager with a focus on crypto assets, serving both institutional and retail investors. It offers structured investment products and funds – including the U.S.-listed CoinShares Bitcoin ETF – and manages $6 billion in assets. "We have a lot of [assets under management] in Europe, we don't have much AUM in the U.S.," CoinShares CEO and co-founder Jean-Marie Mognetti told CNBC in an exclusive interview. "We could build that organically, but it's going to take too much time, so the only way we're going to be able to grow in the U.S. is by leveraging the equity currency we are developing through a U.S. listing." "We want to be a much bigger company, and we need to grow so our success will be measured at some point by our capacity to grow in this American market," Mognetti said. 'The business is ready for it' The listing comes on the heels of the successful initial public offering of crypto custodian BitGo in January and an explosive year of crypto IPOs in 2025 that included Circle Internet Group , Figure Technology , Gemini Space Station and Bullish . Crypto investors have been expecting a healthy IPO market since President Donald Trump's return to office given his administration's friendly stance toward the industry. Nevertheless, the timing of CoinShares' listing comes at a challenging time for investors, whose sentiment has turned risk averse as the war...
After Anthropic released Claude Code's 2.1.88 update , users quickly discovered that it contained a package with a source map file containing its TypeScript codebase, with one person on X calling attention to the leak and posting a file containing the code. The leaked data reportedly contains more than 512,000 lines of code and provides a look into the inner workings of the AI-powered coding tool,...
After Anthropic released Claude Code's 2.1.88 update , users quickly discovered that it contained a package with a source map file containing its TypeScript codebase, with one person on X calling attention to the leak and posting a file containing the code. The leaked data reportedly contains more than 512,000 lines of code and provides a look into the inner workings of the AI-powered coding tool, as reported earlier by Ars Technica and VentureBeat . Users who have dug into the code claim to have uncovered upcoming features, Anthropic's instructions for the AI bot , and insight into its "memory" architecture . Some things spotted by users inclu … Read the full story at The Verge.
den-belitsky/iStock via Getty Images Meta Platforms, Inc. ( META ) is selling on the cheap, folks, but probably won't be for long. It's down about 5% since my last analysis in November, in which I issued a Strong Buy rating. When shadows form in value valley that's exactly when I hunt for alpha. Bears get overconfident that bearish conditions are safe, giving me the upper advantage. Meta stock mig...
den-belitsky/iStock via Getty Images Meta Platforms, Inc. ( META ) is selling on the cheap, folks, but probably won't be for long. It's down about 5% since my last analysis in November, in which I issued a Strong Buy rating. When shadows form in value valley that's exactly when I hunt for alpha. Bears get overconfident that bearish conditions are safe, giving me the upper advantage. Meta stock might not be as cheap as the Microsoft stock ( MSFT ) that I currently own at 11% of NAV, but it's still a value opportunity nonetheless. The core risk to watch is not really fundamental but macro-related. If we get a good round of equitable negotiations between the U.S./Israel and Iran going, we'll be on much stronger footing, and I believe this will occur because I am a hopeful man and believe in the power of understanding. However, prolonged escalation risk does warrant a higher cash position right now. I'm 38% in raw cash and equivalents, but I may reduce this lower in the coming days depending on how my geopolitical analysis evolves. Though, really, it's almost impossible to follow accurately because online media is a messy landscape, to say the least. In any case, optionality reduces my anxiety in the present environment, which is why I like my cash. Also, if markets rise again in sentiment, my cash will probably naturally drop to less than 35% anyway, which is the sweet spot for me. I'm not in a rush to buy anything at this juncture; I've got some great investments I bought recently, and we're in a highly valued macro market. However, Meta Is Worth Buying Right Now Right now, as I write, Meta's daily RSI is oversold at about 28. I admit that's not a reason to get bullish alone, but it can signal a good short-term entry point. The price is about halfway between the 50-week and 200-week moving averages in price. META One-Day-Intervals Price Chart (Author's Chart) Could the stock fall much lower? Sure, but it's not exactly likely. Think about it like this. The stock is mod...
Earnings Call Insights: Barfresh Food Group (BRFH) Q4 2025 Management View CEO Riccardo Delle Coste framed fiscal 2025 as “a transformational year,” highlighting “record revenue of $14.2 million,” the Arps Dairy acquisition, and financing meant to remove prior supply bottlenecks and enable scaling. CEO Delle Coste said the October acquisition of Arps Dairy added “an operational 15,000 square foot ...
Earnings Call Insights: Barfresh Food Group (BRFH) Q4 2025 Management View CEO Riccardo Delle Coste framed fiscal 2025 as “a transformational year,” highlighting “record revenue of $14.2 million,” the Arps Dairy acquisition, and financing meant to remove prior supply bottlenecks and enable scaling. CEO Delle Coste said the October acquisition of Arps Dairy added “an operational 15,000 square foot processing facility” plus “a 44,000 square foot state-of-the-art manufacturing facility in Defiance, Ohio,” and that “approximately 90% of our revenue mix now manufactured in-house,” which he said allowed Barfresh “to deliver orders that we previously would not have been able to deliver without the acquisition.” CEO Delle Coste said the buildout schedule for the larger facility shifted: “Our updated time line for the remaining construction and equipment installation at our larger facility is extended to the fourth quarter of 2026 due to the timing of financing,” while also stating the financing “enabling us to move into the enhanced facility before the end of 2026.” CEO Delle Coste said Barfresh secured “a 7-year bid award” with “the largest school district in Nevada,” describing it as “the fifth-largest school district in the entire United States,” and reiterated that the education channel remains early-stage: “we remain at only approximately 5% market penetration in the education channel overall.” CFO Lisa Roger tied near-term profitability pressure to the manufacturing transition and acquired mix, stating: “The decrease in gross margin resulted from transitioning Barfresh production to the company's new facility… [and] we continued Arps Dairy's existing milk processing business, which operates at different margin profiles than our core business and can experience commodity pricing fluctuations.” Outlook Management guided fiscal 2026 revenue to “a range of $28 million to $32 million” vs. prior-quarter preliminary fiscal 2026 revenue guidance of $30 million to $35 million....
AAR Government Services, a unit of AAR Corp. ( AIR ), won a $305.7M contract to provide logistics support for the Navy and Marine Corps C-40A aircraft. Work will be performed across multiple U.S. locations and is expected to be completed by March 2031. No funds will be obligated at award, while the contract was competed with four bids. Naval Air Systems Command is the contracting authority. More o...
AAR Government Services, a unit of AAR Corp. ( AIR ), won a $305.7M contract to provide logistics support for the Navy and Marine Corps C-40A aircraft. Work will be performed across multiple U.S. locations and is expected to be completed by March 2031. No funds will be obligated at award, while the contract was competed with four bids. Naval Air Systems Command is the contracting authority. More on AAR AAR Corp. (AIR) Q3 2026 Earnings Call Transcript AAR Corp. 2026 Q3 - Results - Earnings Call Presentation AAR Corp. Downgraded To Buy As Oil Shock Clouds Commercial Aerospace Outlook AAR Corp. outlines 19%–21% Q4 sales growth guidance as integration drives margin expansion Stocks to watch post market: GME, AIR, VCTR
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +2.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +2.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.43%. June E-mini S&P futures (ESM26 ) rose +2.88%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +2.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +2.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.43%. June E-mini S&P futures (ESM26 ) rose +2.88%, and June E-mini Nasdaq futures...
PM Images/DigitalVision via Getty Images Introduction Private credit has been an area about which I have recently started sharing my research, as I explained in my recent article, where I tried to think like a bear . After focusing on Ares Capital and on Blue Owl Capital , I now want to turn my attention to Hercules Capital ( HTGC ), the largest U.S. specialty finance BDC focused on providing seni...
PM Images/DigitalVision via Getty Images Introduction Private credit has been an area about which I have recently started sharing my research, as I explained in my recent article, where I tried to think like a bear . After focusing on Ares Capital and on Blue Owl Capital , I now want to turn my attention to Hercules Capital ( HTGC ), the largest U.S. specialty finance BDC focused on providing senior secured loans to high-growth tech and life sciences companies . Hercules Capital has not been spared by the recent collapse in BDCs and is down 25% YtD. The main fear is linked to its exposure to software. It is true that during the last earnings call, Hercules tried to outline how almost 70% of its new commitments went to life sciences instead of software. But the overall exposure to this beaten-down industry remains meaningful. Let me make one point clear, however. Even though software is down in the stock market, so far, most well-established software companies have kept reporting strong earnings. So, right now, the market is decoupled from the fundamentals, although investors believe that they are anticipating a decline that software will suffer due to AI. During the last earnings call , Hercules' management took time to explain why investors should not worry about software exposure: We continue to underwrite the software sector very conservatively with ARR attachment points less than 1x on average, and the historical duration of our software loans is less than 24 months, which materially derisks the debt portfolio. HTCG Q4 2025 Earnings Presentation With such an exposure, the question about HTGC has to do with its current NAV. As of Q4 2025, the company reported a NAV per share of $12.13. Investors now wonder whether write-downs (both because of unrealized depreciation and realized losses) could compress the company's NAV. Non-accrual rates, however, have not moved up significantly for HTCG. So, I think investors should be cautious because the AI-disruption sell-off...
Meta Platforms recently disclosed a new stock option plan for its top executives that won't pay out unless the company's market cap skyrockets from roughly $1.36 trillion to $9 trillion by 2031. That would make Meta worth more than twice Nvidia's value, currently the world's most valuable ...
Meta Platforms recently disclosed a new stock option plan for its top executives that won't pay out unless the company's market cap skyrockets from roughly $1.36 trillion to $9 trillion by 2031. That would make Meta worth more than twice Nvidia's value, currently the world's most valuable ...
Trump administration claims list is part of an EEOC investigation into antisemitic discrimination at university A federal judge on Tuesday ordered the University of Pennsylvania to hand over records about Jewish employees on campus to a federal agency as part of an investigation into antisemitic discrimination but said it did not have to reveal any employee’s affiliation with a specific group. US ...
Trump administration claims list is part of an EEOC investigation into antisemitic discrimination at university A federal judge on Tuesday ordered the University of Pennsylvania to hand over records about Jewish employees on campus to a federal agency as part of an investigation into antisemitic discrimination but said it did not have to reveal any employee’s affiliation with a specific group. US district judge Gerald Pappert said employees can refuse to take part in the US Equal Employment Opportunity Commission (EEOC) investigation but the agency “needs the opportunity to talk to them directly to learn if they have evidence of discrimination”. Continue reading...