Sony and Honda seem to have lost that loving Afeela . The joint venture announced today that it would be discontinuing the $90,000 Afeela 1 electric sedan, as well as the unnamed Afeela SUV concept , as it adjusts to slower EV demand and policy pullbacks. In a statement , Sony Honda Mobility (SHM) determined there was not a "viable path forward" after Honda recalibrated its EV strategy following s...
Sony and Honda seem to have lost that loving Afeela . The joint venture announced today that it would be discontinuing the $90,000 Afeela 1 electric sedan, as well as the unnamed Afeela SUV concept , as it adjusts to slower EV demand and policy pullbacks. In a statement , Sony Honda Mobility (SHM) determined there was not a "viable path forward" after Honda recalibrated its EV strategy following steep losses. Earlier this month, Honda said it would take a writedown of as much as 2.5 trillion yen ($15.7 billion) on its EV investments, representing the company's first annual loss in over 70 years as a public entity. The automaker also put the … Read the full story at The Verge.
Justin Sullivan/Getty Images News The senior leaders of Meta Platforms ( META ) stand to earn hundreds of millions of dollars if they help the company reach a $9 trillion valuation in the next five years. In SEC filings disclosed late Tuesday, the company awarded new stock options to its seven main executives, excluding CEO Mark Zuckerberg, which are exercisable only if the company's stock price s...
Justin Sullivan/Getty Images News The senior leaders of Meta Platforms ( META ) stand to earn hundreds of millions of dollars if they help the company reach a $9 trillion valuation in the next five years. In SEC filings disclosed late Tuesday, the company awarded new stock options to its seven main executives, excluding CEO Mark Zuckerberg, which are exercisable only if the company's stock price surges at least 88% by 2031. Senior execs could enjoy the full benefit of Meta's stock options program if the company's share price jumps more than 500% within the provided time frame. Shares of Meta are down 4.2% in the past 12 months. In the past five years, the stock has risen 110%. "This is a big bet. These pay packages will not be realized unless Meta achieves massive future success, benefiting all of our shareholders. As with all stock options, there is only value if the share price meaningfully exceeds the exercise price, and in this case, it must be on an exceedingly aggressive 5-year timeline," according to a Meta spokesperson. The move by the company comes amid heavy infrastructure and talent spending to stay ahead in the artificial intelligence race against rivals Google ( GOOG ) ( GOOGL ), Amazon ( AMZN ), and Microsoft ( MSFT ), while scaling back on efforts that haven't been profitable, such as the metaverse initiative by its Reality Labs division. More on Meta Meta Platforms: The AI Spending Spree Is Out Of Control Meta Platforms: 16x Adjusted FY2026 P/E Is A Solid Buy Delays, Compute Deals, And Sky-High CapEx: Why I'm Still Bullish On Meta China restricts Manus co-founders from leaving amid review of Meta Platforms deal, FT reports Meta's Ray-Ban smart glasses EU rollout slowed by battery, AI rules and supply constraints: report
Justin Sullivan/Getty Images News The senior leaders of Meta Platforms ( META ) stand to earn hundreds of millions of dollars if they help the company reach a $9 trillion valuation in the next five years. In SEC filings disclosed late Tuesday, the company awarded new stock options to its seven main executives, excluding CEO Mark Zuckerberg, which are exercisable only if the company's stock price s...
Justin Sullivan/Getty Images News The senior leaders of Meta Platforms ( META ) stand to earn hundreds of millions of dollars if they help the company reach a $9 trillion valuation in the next five years. In SEC filings disclosed late Tuesday, the company awarded new stock options to its seven main executives, excluding CEO Mark Zuckerberg, which are exercisable only if the company's stock price surges at least 88% by 2031. Senior execs could enjoy the full benefit of Meta's stock options program if the company's share price jumps more than 500% within the provided time frame. Shares of Meta are down 4.2% in the past 12 months. In the past five years, the stock has risen 110%. "This is a big bet. These pay packages will not be realized unless Meta achieves massive future success, benefiting all of our shareholders. As with all stock options, there is only value if the share price meaningfully exceeds the exercise price, and in this case, it must be on an exceedingly aggressive 5-year timeline," according to a Meta spokesperson. The move by the company comes amid heavy infrastructure and talent spending to stay ahead in the artificial intelligence race against rivals Google ( GOOG ) ( GOOGL ), Amazon ( AMZN ), and Microsoft ( MSFT ), while scaling back on efforts that haven't been profitable, such as the metaverse initiative by its Reality Labs division. More on Meta Meta Platforms: The AI Spending Spree Is Out Of Control Meta Platforms: 16x Adjusted FY2026 P/E Is A Solid Buy Delays, Compute Deals, And Sky-High CapEx: Why I'm Still Bullish On Meta China restricts Manus co-founders from leaving amid review of Meta Platforms deal, FT reports Meta's Ray-Ban smart glasses EU rollout slowed by battery, AI rules and supply constraints: report
As physical media makes an unlikely comeback among younger gamers, the humble VHS emerges as an unexpected archive of gaming’s messy, magical evolution that I saw first time around • Don’t get Pushing Buttons delivered to your inbox? Sign up here As I am nostalgic and of a certain age, I recently bought a VHS video recorder, just for the retrospective thrill of it; then I won a 32-inch CRT tele...
As physical media makes an unlikely comeback among younger gamers, the humble VHS emerges as an unexpected archive of gaming’s messy, magical evolution that I saw first time around • Don’t get Pushing Buttons delivered to your inbox? Sign up here As I am nostalgic and of a certain age, I recently bought a VHS video recorder, just for the retrospective thrill of it; then I won a 32-inch CRT television at an auction in Shepton Mallet. Partly, this was to play a few old videos I had found in my loft, including one of me appearing in a 1990s youth TV show talking about sexism and Tomb Raider. (I was against the sexism, to be clear). But it was also because I wanted a new way of spending my money on fragile video-game nostalgia. The rise of the games industry in the 1980s and 90s coincided with the explosion of the home-video business, and the two crossed paths in lots of interesting ways. There are the obvious treasures I want to get hold of: VHS copies of Street Fighter: The Movie and the 1993 Super Mario Bros. movie, naturally, as well as early games-inspired hits such as The Last Starfighter, The Wizard and WarGames. I rented most of these from my local video shop in the 80s – which, like many others, also sold computer games by the budget publisher Mastertronic, another interesting (at least to me) crossover between these two entertainment formats. Continue reading...
PDD Holdings stock was rising early Wednesday after the Temu parent’s fourth-quarter earnings fell short of expectations. The Chinese e-commerce giant reported adjusted earnings of $2.53 a share on revenue of $17.7 billion—up 12% from the same period last year. Analysts polled by FactSet had expected earnings per share of $3.03 on revenue of $18 billion.
PDD Holdings stock was rising early Wednesday after the Temu parent’s fourth-quarter earnings fell short of expectations. The Chinese e-commerce giant reported adjusted earnings of $2.53 a share on revenue of $17.7 billion—up 12% from the same period last year. Analysts polled by FactSet had expected earnings per share of $3.03 on revenue of $18 billion.
Tristan Roberts, who expressed misogynistic views and had fascination with American Psycho, carefully planned attack An 18-year-old man who expressed misogynistic views and had a fascination with the horror film American Psycho has been jailed for life with a minimum term of 22 years and six months for killing his mother with a hammer. Tristan Roberts carefully planned the crime, researching metho...
Tristan Roberts, who expressed misogynistic views and had fascination with American Psycho, carefully planned attack An 18-year-old man who expressed misogynistic views and had a fascination with the horror film American Psycho has been jailed for life with a minimum term of 22 years and six months for killing his mother with a hammer. Tristan Roberts carefully planned the crime, researching methods of killing and how to avoid being caught before purchasing potential weapons such as knives, hammers and an axe. Continue reading...
Envilex Therapeutics press release ( ENLV ): FY GAAP EPS of $25.48. Cash, cash equivalents, and short-term investments in digital assets: $30.0 million. More on Envilex Therapeutics Seeking Alpha’s Quant Rating on Envilex Therapeutics Historical earnings data for Envilex Therapeutics Financial information for Envilex Therapeutics
Envilex Therapeutics press release ( ENLV ): FY GAAP EPS of $25.48. Cash, cash equivalents, and short-term investments in digital assets: $30.0 million. More on Envilex Therapeutics Seeking Alpha’s Quant Rating on Envilex Therapeutics Historical earnings data for Envilex Therapeutics Financial information for Envilex Therapeutics
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Mark Haefele, UBS Global Wealth Management, CIO; Rob Garlick, Author of AI — Anarchy or Abundance?; Sue Duke, LinkedIn,...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Mark Haefele, UBS Global Wealth Management, CIO; Rob Garlick, Author of AI — Anarchy or Abundance?; Sue Duke, LinkedIn, Managing Director for EMEA & LATAM and Vice President of Global Public Policy; Helene Conway-Mouret, French Senator and French Senate Foreign Affairs Committee, Vice President. (Source: Bloomberg)
Sundry Photography Arm Holdings ( ARM ) was in the spotlight on Wednesday as Wall Street analysts praised the semiconductor intellectual property firm for launching its own data center-focused CPUs, and its updated sales forecast brought on by the new chips. Shares rose 12% in premarket trading. “The strategy offers significant revenue growth and earnings potential longer-term ($9+ EPS by FY31) bu...
Sundry Photography Arm Holdings ( ARM ) was in the spotlight on Wednesday as Wall Street analysts praised the semiconductor intellectual property firm for launching its own data center-focused CPUs, and its updated sales forecast brought on by the new chips. Shares rose 12% in premarket trading. “The strategy offers significant revenue growth and earnings potential longer-term ($9+ EPS by FY31) but comes with gross margin dilution (40%-50% for chips vs. 98%+ for IP) and channel conflict issues,” RBC Capital Markets analyst Srini Pajjuri wrote in a note to clients. “While the business model debate could continue, we expect the stock to largely trade on NT fundamentals, which remain solid on Agentic AI inflection, DC share gains, and CSS/v9 ASP tailwinds.” On Tuesday, Arm CEO Rene Haas projected 2031 annual revenue at $25B (and $15B from the new CPU), more than six times its 2025 level. The company is targeting roughly 15% of the $100B total addressable market in server CPUs and expects roughly $1B in revenue in fiscal 2027 and 2028. Morgan Stanley analyst Lee Simpson said Arm's focus on compute efficiency (the 136-core Arm AGI CPU has up to 136 V3 cores per CPU, offers 6 GB/s memory per core at sub-100 ns latency, and uses around 300 watts of electricity) could help customers looking for low-power compute, including companies like Meta ( META ) and OpenAI ( OPENAI ). “So, this isn’t a replacement of Grace or Vera chips at NVIDIA, but at the head node (near the xPU) for the likes of Cerebras, for networking (routing) at F5 and maybe even general CPU use in enterprise set-ups,” Simpson wrote in a note to clients. “Arm's strategy is fueled by partnerships with cloud providers that seek to optimize total cost of ownership (TCO) and reduce energy consumption, allowing them to allocate more power budget to GPU compute.” Simpson, who has an Overweight rating and a $135 price target on Arm, added that the cost of Arm's AGI CPU could be discounted compared to offerings from I...
Bloomberg 's Kevin Sheekey gives a live demo of ASKB bringing agentic AI directly into the Bloomberg Terminal, at the Bloomberg Family Office Summit 2026 in Hong Kong. (Source: Bloomberg)
Bloomberg 's Kevin Sheekey gives a live demo of ASKB bringing agentic AI directly into the Bloomberg Terminal, at the Bloomberg Family Office Summit 2026 in Hong Kong. (Source: Bloomberg)
PhonlamaiPhoto/iStock via Getty Images Beam Therapeutics ( BEAM ) added ~8% in the premarket on Wednesday after announcing plans to begin pivotal development to support a potential accelerated approval of BEAM-302, its gene editing therapy for a hereditary disorder called alpha-1 antitrypsin deficiency. The Cambridge, Massachusetts-based biotech stated that its decision was based on updated result...
PhonlamaiPhoto/iStock via Getty Images Beam Therapeutics ( BEAM ) added ~8% in the premarket on Wednesday after announcing plans to begin pivotal development to support a potential accelerated approval of BEAM-302, its gene editing therapy for a hereditary disorder called alpha-1 antitrypsin deficiency. The Cambridge, Massachusetts-based biotech stated that its decision was based on updated results from its ongoing open-label Phase 1/2 trial designed to evaluate the one-time therapy in patients with AATD-associated lung disease and mild to severe liver disease. AATD is characterized by very low levels of the protein alpha-1 antitrypsin (AAT) due to a genetic mutation. Citing a Feb. 10 data cut, the company noted that BEAM-302 at 60 mg and 75 mg led to 16.1 µM and 14.4 µM of average steady-state total AAT, respectively, in Part A of the study, which involved patients with AATD-associated lung disease. Using data from 26 patients, BEAM noted that the experimental therapy up to 75 mg demonstrated a well-tolerated safety profile with no serious adverse events across Part A and Part B of the study. The overall analysis was based on 29 patients who had been followed up for up to 18 months in Part A and Part B of the study. The company has selected the 60 mg dose to advance a future biologics licensing application for BEAM-302 in an accelerated approval pathway in the U.S. It aims to enroll about 60 more patients with AATD-associated lung disease as an expansion to the trial, with the pivotal cohort expected to begin in H2 2026. More on Beam Therapeutics Beam Therapeutics: Great Potential, But Patience Is Needed Beam Therapeutics Inc. (BEAM) Q4 2025 Earnings Call Transcript Beam Therapeutics Inc. 2025 Q4 - Results - Earnings Call Presentation Beam Therapeutics GAAP EPS of $2.33, revenue of $114.1M Beam Therapeutics shares jump on progress in precision genetic medicines and 2026 strategic plans
tadamichi/iStock via Getty Images There continues to be hope in the capital and commodity markets that a US-Israel war on Iran can be brought to a conclusion soon. While news reports indicate that the US had drafted a 15-point peace plan that has been delivered to Iran via Pakistan, other reports indicate that the US is sending more people and weapons to the region. Iran has reportedly not yet for...
tadamichi/iStock via Getty Images There continues to be hope in the capital and commodity markets that a US-Israel war on Iran can be brought to a conclusion soon. While news reports indicate that the US had drafted a 15-point peace plan that has been delivered to Iran via Pakistan, other reports indicate that the US is sending more people and weapons to the region. Iran has reportedly not yet formally responded to the proposal and has continued missile and drone attacks in the region. Meanwhile, a few more ships appear to have transited the Strait of Hormuz. While the market has jumped back into risk assets at the little glimmers of hope along the way of a short conflict, the derivatives market continues to price in seemingly hawkish central bank policy responses, even if not as extreme as last week. The dollar ( DXY ) was sold in a flurry of activity late in North America yesterday, but follow-through has been limited today and the greenback is trading with a firmer bias. Equities and bonds are recovering, while oil prices (WTI and Brent) are pinned in narrow ranges near yesterday’s lows. Prices G10 • Yesterday, the euro surrendered about half of the gains posted on Tuesday, when many latched on to the “five-day grace period” seemingly granted by President Trump as a sign of progress toward ending the conflict. Yesterday the market was less sure. However, late in the session, a new wave of optimism washed across the markets, and in thin, late North American trading, the euro spiked to new session highs, slightly shy of $1.1630. Monday’s high was closer to $1.1640. It is consolidating today, mostly between $1.1585 and $1.1630. The $1.16 area may still be a battleground. Options for 1.8 bln euros expire at $1.1605 today. Another pile for nearly 1.4 bln euros expires at $1.16 tomorrow. • For the third consecutive session, the dollar held above the previous session’s low against the Japanese yen yesterday and is trying to extend it today. The greenback recorded an ins...
Cintas press release ( CTAS ): Q3 GAAP EPS of $1.24 in-line. Revenue of $2.84B (+8.8% Y/Y) beats by $20M . The organic revenue growth rate for the third quarter of fiscal 2026, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 8.2%. Gross margin as a percent of revenue was 51.0% for the third quarter of fiscal 2026, an all-time high, compared to 50....
Cintas press release ( CTAS ): Q3 GAAP EPS of $1.24 in-line. Revenue of $2.84B (+8.8% Y/Y) beats by $20M . The organic revenue growth rate for the third quarter of fiscal 2026, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 8.2%. Gross margin as a percent of revenue was 51.0% for the third quarter of fiscal 2026, an all-time high, compared to 50.6% in last year's third quarter, an increase of 40 basis points. "We are raising our annual revenue expectations to a range of $11.21 billion to $11.24 billion (vs. $11.21B consensus (prior $11.15 billion to $11.22 billion) and raising our adjusted diluted EPS to a range of $4.86 to $4.90 (vs. $4.88 consensus (prior $4.81 to $4.88) . " More on Cintas Cintas Corporation (CTAS) M&A Call Transcript Cintas Acquires UniFirst: A Win For UNF Shareholders Cintas Just Won't Let UniFirst Go... And That Creates A Catalyst For You Cintas Q3 2026 Earnings Preview Nasdaq enters correction; oversold stocks in focus amid Middle East tensions
Auddia Inc. has unveiled a novel solution to the last-mile delivery challenge with the LT350 micro warehouse network, aiming to transform parking lots into logistics hubs. This innovative platform integrates drones, autonomous EVs, and human couriers through a solar-powered canopy infrastructure, featuring secure lockers, vertical package elevators, and charging facilities. The LT350 system serves...
Auddia Inc. has unveiled a novel solution to the last-mile delivery challenge with the LT350 micro warehouse network, aiming to transform parking lots into logistics hubs. This innovative platform integrates drones, autonomous EVs, and human couriers through a solar-powered canopy infrastructure, featuring secure lockers, vertical package elevators, and charging facilities. The LT350 system serves not only as a logistics node but also as a digital infrastructure for autonomous vehicles,...
vzphotos/iStock Editorial via Getty Images Micron Technology ( MU ) said it has launched cash offers to purchase its outstanding senior notes. The offers cover up to $5.4B of notes, including 5.300% notes due 2031, 5.650% notes due 2032, 5.875% notes due 2033 (two series), 5.800% notes due 2035, and 6.050% notes due 2035. MU shares fell 1.9% premarket to $388 . More on Micron Technology The 'Probl...
vzphotos/iStock Editorial via Getty Images Micron Technology ( MU ) said it has launched cash offers to purchase its outstanding senior notes. The offers cover up to $5.4B of notes, including 5.300% notes due 2031, 5.650% notes due 2032, 5.875% notes due 2033 (two series), 5.800% notes due 2035, and 6.050% notes due 2035. MU shares fell 1.9% premarket to $388 . More on Micron Technology The 'Problem' With Micron's Guidance Micron's Profit Supercycle Mirrors Nvidia - There's Still Time To Buy In The Troubling Signs Coming Into Focus For Micron Investors AI memory demand might drive prices up triple digits: Wedbush Bulls vs. Bears: Micron revisited after Q2 results
(RTTNews) - Partly reflecting a significant rebound in prices for fuel imports, the Labor Department released a report on Wednesday showing U.S. import prices increased by much more than expected in the month of February.
(RTTNews) - Partly reflecting a significant rebound in prices for fuel imports, the Labor Department released a report on Wednesday showing U.S. import prices increased by much more than expected in the month of February.
Hong Kong Financial Secretary Paul Chan tells Bloomberg’s Yvonne Man he government's number one priority is to ensure a continuous supply of quality issuers coming to list in the city. He was speaking at the Bloomberg Family Office Summit 2026 (Source: Bloomberg)
Hong Kong Financial Secretary Paul Chan tells Bloomberg’s Yvonne Man he government's number one priority is to ensure a continuous supply of quality issuers coming to list in the city. He was speaking at the Bloomberg Family Office Summit 2026 (Source: Bloomberg)