A $10 trillion valuation sounds extreme even for a behemoth like Nvidia (NVDA), but CEO Jensen Huang didn’t bat an eye when asked directly by popular podcaster Lex Fridman. “I think that Nvidia’s growth is extremely likely and in my mind, inevitable.” Clearly, this is a response from a highly ...
A $10 trillion valuation sounds extreme even for a behemoth like Nvidia (NVDA), but CEO Jensen Huang didn’t bat an eye when asked directly by popular podcaster Lex Fridman. “I think that Nvidia’s growth is extremely likely and in my mind, inevitable.” Clearly, this is a response from a highly ...
Earnings Call Insights: Cintas Corporation (CTAS) Q3 2026 Management View CEO Todd Schneider highlighted record revenues and strong operating margins, with total revenue growing 8.9% to $2.84 billion and organic growth at 8.2%. Schneider stated, "We achieved all-time high gross margins in each of our three route-based businesses." Cintas raised its fiscal 2026 guidance, projecting revenue between ...
Earnings Call Insights: Cintas Corporation (CTAS) Q3 2026 Management View CEO Todd Schneider highlighted record revenues and strong operating margins, with total revenue growing 8.9% to $2.84 billion and organic growth at 8.2%. Schneider stated, "We achieved all-time high gross margins in each of our three route-based businesses." Cintas raised its fiscal 2026 guidance, projecting revenue between $11.21 billion and $11.24 billion and adjusted diluted EPS in the range of $4.86 to $4.90. Schneider addressed the recently announced agreement to acquire UniFirst, emphasizing, "We remain excited about this opportunity and the long-term value creation for Cintas and its shareholders, our employee partners and the team partners of UniFirst." Executive VP & COO James Rozakis noted, "Our business continues to perform exceptionally well. We're adding new customers... while successfully cross-selling additional solutions to our existing customer base. Retention remains at record levels, while pricing is consistent with historical levels." Executive VP & CFO Scott Garula stated, "Selling and administrative expenses as a percentage of revenue was 27.8%, which was a 60 basis point increase from last year. When you adjust for the onetime gain on the asset sale last year, SG&A would have been flat year-over-year." Outlook Fiscal 2026 revenue guidance is $11.21 billion to $11.24 billion, representing total growth of 8.4% to 8.7%. Adjusted diluted EPS guidance is $4.86 to $4.90, a growth rate of 10.5% to 11.4%. The adjusted EPS guide excludes nonrecurring transaction expenses related to the UniFirst acquisition, with estimated transaction costs impacting diluted EPS by $0.03 to $0.04 in fiscal 2026. CFO Garula specified that these transaction costs are expected in the fourth quarter and are immaterial in Q3. Guidance assumes constant foreign currency exchange rates, a net interest expense of approximately $101 million, and an effective tax rate of 20%. Financial Results Revenue for th...
Earnings Call Insights: Local Bounti Corporation (LOCL) Q4 2025 Management View Craig Hurlbert, Co-Founder & Executive Chairman, opened by highlighting the company's progress, stating, "The additional $15 million investment from an existing strategic investor is one such signal. It provides us with meaningful financial flexibility as we advance our priorities in 2026, and it speaks to the convicti...
Earnings Call Insights: Local Bounti Corporation (LOCL) Q4 2025 Management View Craig Hurlbert, Co-Founder & Executive Chairman, opened by highlighting the company's progress, stating, "The additional $15 million investment from an existing strategic investor is one such signal. It provides us with meaningful financial flexibility as we advance our priorities in 2026, and it speaks to the conviction building around Local Bounti's positioning." CEO Kathleen Valiasek emphasized operational and commercial gains, noting, "Both fourth quarter and full year results reflect the company that has been doing the hard work. We've been building commercial momentum, optimizing our operations, tightening our cost structure and importantly, optimizing the foundation for our next chapter." Valiasek reported that all three facilities are now at full harvestable capacity, with the entire capacity committed to customers on a run-rate basis. She announced new retail wins, stating, "We just secured 2 new retail accounts that we expect to launch in the coming months. The first is for the placement of 6 of our SKUs in a large premier retail customer covering more than 250 stores and the second is a large regional retailer." She also shared product performance highlights, such as the Caesar Romano salad kit, which saw units per store per week rise by approximately 75% quarter-over-quarter, and identified Arugula as an area of significant opportunity due to a market supply gap. Valiasek pointed to operational improvements, citing tower upgrades, computer vision and AI-driven growing optimization, and cost discipline, which have led to higher yields and improved adjusted gross margin. She noted, "Adjusted SG&A expense for the fourth quarter was $4.3 million, down from $5.3 million in Q4 2024, representing a reduction of approximately 18% year-over-year." The company announced the issuance of a U.S. patent for its Stack & Flow technology, calling it "a meaningful milestone and a formal recogn...
At 5:30 a.m. at the Virgin Hotels Las Vegas, the ETF industry’s biggest annual conference was taking place on the casino floor. Night owls were still working the slot machines while early risers from the fund industry snaked past them toward the gym, then to business meetings arranged just feet from the gamblers. Advertisements for exchange-traded funds , their tickers plastered across hotel walls...
At 5:30 a.m. at the Virgin Hotels Las Vegas, the ETF industry’s biggest annual conference was taking place on the casino floor. Night owls were still working the slot machines while early risers from the fund industry snaked past them toward the gym, then to business meetings arranged just feet from the gamblers. Advertisements for exchange-traded funds , their tickers plastered across hotel walls, stood next to promos for late-night steak houses and racy shows. For three days in mid-March, some 1,500 of them gathered for the industry’s marquee annual event — and the setting matched the product. The industry that democratized investing by making it cheap and boring has been remade by the economics of its own success. Three firms — Vanguard, BlackRock and State Street — effectively monopolized the vanilla products that built the business: low-cost index funds that track the S&P 500 or the broad bond market and charge next to nothing for the privilege. That left everyone else — the dozens of smaller shops, the upstart entrepreneurs, the second-tier asset managers — competing for what remains. And what remains is complexity. Leveraged bets. Crypto wrappers. Funds that promise yields above 100%. The ETF, a vehicle designed to make investing simple, has become the delivery mechanism for America’s newest form of financial gambling. And one of the biggest conferences in the industry now takes place in a casino. At the conference, booths gave out phone chargers alongside packs of playing cards and poker chips emblazoned with company logos. One firm sponsored a puppy-petting area. The round-the-clock dings of the slot machines competed with techno music from the hotel restaurants and 90s nostalgia hits pumping through the hallways. The industry transformation has been driven by survival. Of the 1,000 new funds that launched last year, 36% were leveraged or cryptocurrency-based, according to data compiled by Athanasios Psarofagis at Bloomberg Intelligence. That figure already...
Senator Bernie Sanders and Rep. Alexandria Ocasio-Cortez introduced companion legislation to halt construction on new data centers until Congress passes comprehensive AI regulation.
Senator Bernie Sanders and Rep. Alexandria Ocasio-Cortez introduced companion legislation to halt construction on new data centers until Congress passes comprehensive AI regulation.
AUSTIN, Texas & SAN FRANCISCO, March 25, 2026--RSA 2026 - CrowdStrike (NASDAQ: CRWD) today announced an expansion of its strategic collaboration with Intel to optimize the CrowdStrike Falcon® platform for Intel-powered AI PCs, enabling organizations to detect threats faster and safeguard sensitive data as AI workloads move directly onto the endpoint.
AUSTIN, Texas & SAN FRANCISCO, March 25, 2026--RSA 2026 - CrowdStrike (NASDAQ: CRWD) today announced an expansion of its strategic collaboration with Intel to optimize the CrowdStrike Falcon® platform for Intel-powered AI PCs, enabling organizations to detect threats faster and safeguard sensitive data as AI workloads move directly onto the endpoint.
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at Hartsfield-Jackson Atlanta International Airport on March 23, 2026. | Bloomberg via Getty Images KC Guidry usually gets to the airport two hours before a flight to give herself enough time to get through security. But she knew her flight on the morning of Monday, March 23, out of Houston's George Bush Interconti...
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at Hartsfield-Jackson Atlanta International Airport on March 23, 2026. | Bloomberg via Getty Images KC Guidry usually gets to the airport two hours before a flight to give herself enough time to get through security. But she knew her flight on the morning of Monday, March 23, out of Houston's George Bush Intercontinental Airport was going to be anything but routine. "I heard the lines were long through TikTok and through the news," she said. "The day before, I saw the wait time for the terminal I needed to leave from was 200 minutes. I saw they were not doing PreCheck or CLEAR, so I adjusted my schedule." She arrived at the airport at 12:30AM for a 7:20AM flight and joined a security line that was already looping around Houston's Termina … Read the full story at The Verge.
The skeleton of famed French musketeer Charles de Batz de Castelmore d’Artagnan may have been found in front of a church altar in the Dutch city of Maastricht, church officials and an archaeologist said on Wednesday. Workers discovered a grave containing human remains beneath tiles after part of the floor of St Peter and Paul Church subsided in February, triggering a race to identify the skeleton...
The skeleton of famed French musketeer Charles de Batz de Castelmore d’Artagnan may have been found in front of a church altar in the Dutch city of Maastricht, church officials and an archaeologist said on Wednesday. Workers discovered a grave containing human remains beneath tiles after part of the floor of St Peter and Paul Church subsided in February, triggering a race to identify the skeleton through DNA testing. “This has truly become a top-level investigation, in which we want to be...
One overlooked fact as markets are reeling from the threat of an inflationary shock tied to the war in Iran, is that the US economy remains largely intact. Even as bond yields climb, big tech earnings are still growing and AI spending shows little sign of slowing—creating upside risk for those investors positioned for a downturn. Goldman Sachs is modeling 2026 growth above 2% and core inflation at...
One overlooked fact as markets are reeling from the threat of an inflationary shock tied to the war in Iran, is that the US economy remains largely intact. Even as bond yields climb, big tech earnings are still growing and AI spending shows little sign of slowing—creating upside risk for those investors positioned for a downturn. Goldman Sachs is modeling 2026 growth above 2% and core inflation at 2 1/2% even with oil averaging $85 for the year. That’s a benign scenario for interest rates. If that outlook comes to pass, the prospect of interest rate hikes will fade . Meanwhile, big tech is preparing to report another stellar quarter. Higher yields will continue to expose the more vulnerable corners of the market like private credit, adding downside for a fully-priced S&P 500 as well. The US economy remains solid The conflict in the Middle East has introduced so much noise into investing, it’s become difficult to discern what the baseline is. So I thought it was interesting that Goldman Sachs’ economics team calls for 2.1% growth in 2026, with downside only to 1.8% in a “severely adverse” outcome. That’s not the levels we saw at the back end of 2025, but it’s still pretty good. Goldman also reckon that, while recession risk has picked up by 5%, it’s only up to 30% now. That tracks with the data. You have low and stable jobless claims, purchasing managers data that is slowing but still positive and personal spending that’s risen 2.4% in the last year after inflation. The bank expects Brent crude oil prices to average $105 this month and $115 next month. But they also see oil falling to $80 by the fourth quarter. Even in a severely adverse scenario with “persistent damage to production” they reckon the US can grow well over stall speed where recession risks mount. The panic has been in bonds Looking at the whipsawing moves that led bond yields higher recently, you’d be hard-pressed to come away with as reassuring an outlook. Not only did the interest sensitive 2-year T...