AST SpaceMobile (NASDAQ: ASTS) , a producer of low-earth orbit (LEO) satellites, saw its stock soar by more than 3,000% over the past two years. Let's see why it skyrocketed and whether it's still worth chasing this year in this unpredictable market. AST's LEO satellites can beam 2G, 4G, and 5G cellular signals directly to mobile devices. It helps telecom leaders -- including AT&T (NYSE: T) , Veri...
AST SpaceMobile (NASDAQ: ASTS) , a producer of low-earth orbit (LEO) satellites, saw its stock soar by more than 3,000% over the past two years. Let's see why it skyrocketed and whether it's still worth chasing this year in this unpredictable market. AST's LEO satellites can beam 2G, 4G, and 5G cellular signals directly to mobile devices. It helps telecom leaders -- including AT&T (NYSE: T) , Verizon (NYSE: VZ) , and Vodafone (NASDAQ: VOD) -- extend their wireless networks to rural areas that terrestrial cellular towers can't reach. The U.S. Missile Defense Agency also recently chose AST as a prime contractor for its Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) program. Image source: Getty Images. Continue reading
Sculpture was retrieved from German battleship sunk in 1939 Battle of the River Plate but its future is controversial The enormous bronze sculpture of an eagle clutching a swastika in its talons spent nearly 70 tears lying at the bottom of the River Plate, off the coast of Uruguay. After being salvaged in 2006, it briefly went on display in the Uruguayan capital – before the government reconsidere...
Sculpture was retrieved from German battleship sunk in 1939 Battle of the River Plate but its future is controversial The enormous bronze sculpture of an eagle clutching a swastika in its talons spent nearly 70 tears lying at the bottom of the River Plate, off the coast of Uruguay. After being salvaged in 2006, it briefly went on display in the Uruguayan capital – before the government reconsidered the wisdom of granting such prominence to a Nazi emblem, and the eagle was hidden away on a military base. Continue reading...
Wall Street trade groups lined up behind Apollo Global Management and other firms seeking dismissal of a lawsuit by Optimum Communications Inc. accusing lenders of forming an “illegal cartel” to freeze the telecom company out of the US credit market. The Securities Industry and Financial Markets Association , Managed Funds Association and other groups on Thursday sought permission to file a brief ...
Wall Street trade groups lined up behind Apollo Global Management and other firms seeking dismissal of a lawsuit by Optimum Communications Inc. accusing lenders of forming an “illegal cartel” to freeze the telecom company out of the US credit market. The Securities Industry and Financial Markets Association , Managed Funds Association and other groups on Thursday sought permission to file a brief in support of the firms sued by Optimum. Billionaire Patrick Drahi ’s company, previously known as Altice USA, sued Apollo, Ares Management , Oaktree Capital Management and other creditors in November. In their court filing, the groups defended the lender cooperation agreement that Optimum alleges was an illegal cartel. Such agreements are “an essential part of well-functioning credit market that, among other things, ensure that equal creditors will be treated equally,” they said. US District Judge Jeannette Vargas in Manhattan is currently weighing the request by Apollo and other firms to have Optimum’s lawsuit thrown out. Along with Apollo, Ares and Oaktree, the company also sued BlackRock Financial Management , Goldentree Asset Management and several other firms that acted as lenders to it. Optimum filed an amended complaint last month, saying a top law firm’s withdrawal from representing Altice on a separate matter showed that the reach of the “conspiracy” against the company. Cooperation agreements generally bind creditors to act together and stops them from breaking ranks to negotiate a more favorable deal with the company. Such pacts are becoming increasing commonplace in restructuring situations in both the US and Europe. According to the trade groups, which also include LSTA , formerly known as the Loan Syndications and Trading Association, the types of agreement targeted in the Optimum suit “increase creditors’ willingness to participate in the markets for corporate debt, which in turn improves access to capital, lowers interest rates, and facilitates efficient re...
U.S. President Donald Trump speaks during a Cabinet meeting in the Cabinet Room of the White House on March 26, 2026 in Washington, DC. Chip Somodevilla | Getty Images President Donald Trump at a cabinet meeting Thursday urged Congress to find a quick resolution to the Department of Homeland Security shutdown that's leading to increasing headaches for air travelers. "They need to end the shutdown ...
U.S. President Donald Trump speaks during a Cabinet meeting in the Cabinet Room of the White House on March 26, 2026 in Washington, DC. Chip Somodevilla | Getty Images President Donald Trump at a cabinet meeting Thursday urged Congress to find a quick resolution to the Department of Homeland Security shutdown that's leading to increasing headaches for air travelers. "They need to end the shutdown immediately, or we'll have to take some very drastic measures," Trump said from the White House . He didn't describe what measures he would take or detail his role in negotiations to resume funding DHS. The DHS shutdown has dragged on for more than a month and has disrupted air travel . Transportation Security Administration agents are going without pay and are missing work in large numbers, leading to long lines at airports and increased pressure on lawmakers to find a deal. Read more CNBC politics coverage Trump says Iranian negotiators ‘better get serious soon, before it is too late’ Reps Ro Khanna and Tim Burchett to push fraud probe across all 50 states Prediction market bets on sports, election, war would be verboten under new legislation A group of Senate Republicans met with Trump at the White House of Monday and came out with what they heralded as a compromise proposal : funding for 94% of DHS, except for the enforcement and removal arm of Immigration and Customs Enforcement. But Democrats — who have withheld their support for funding the agency since February, not long after federal agents killed two U.S. citizens in Minneapolis during an immigration crackdown — dismissed the proposal because it did not contain the ICE operational changes they had long sought. Those changes include requiring immigration agents to acquire judicial warrants before entering private property and banning the use of masks. Republicans roundly rejected a Senate Democratic counteroffer on Wednesday that included some of those proposals. In addition to extending the shutdown, the negotiati...
Profits dropped at the family office of the billionaire owners of Lego last year after disappointing returns in its investment arm offset a standout year at the toymaker. Kirkbi , owner of 75% of the colorful brick maker, made less money after posting a 3.5% drop in net income to 16.9 billion kroner despite record profit at Lego A/S. The drag came from the firm’s financial assets, which underperfo...
Profits dropped at the family office of the billionaire owners of Lego last year after disappointing returns in its investment arm offset a standout year at the toymaker. Kirkbi , owner of 75% of the colorful brick maker, made less money after posting a 3.5% drop in net income to 16.9 billion kroner despite record profit at Lego A/S. The drag came from the firm’s financial assets, which underperformed due to currency fluctuations and an underexposure to high-growth industries. The disappointing 2025 performance comes as Kirkbi rotated its publicly-traded stock holdings toward quality and value stocks in a bid to “improve the long-term resilience” of the portfolio. The firm’s 81 billion kroner ($12.5 billion) portfolio generated a return of just 2.3% last year compared with 8.5% a year earlier, according to the annual report . “The return for the year did not meet expectations,” the company said. The firm was also hit by its stake in Merlin Entertainments, which operates Legoland parks and had a net loss of more than 400 million pounds ($534 million). Read more: Lego to Expand in US as Robust Spending Eclipses Iran Risks Kirkbi is controlled by the fourth generation of the billionaire Kirk Kristiansen family after Thomas Kirk Kristiansen took over as chairman from his father, Kjeld Kirk Kristiansen , in 2023. The Bloomberg Billionaires Index values Thomas, his sisters Sofie Kirk Kristiansen and Agnete Kirk Thinggaard , and father Kjeld at a combined $40 billion. Shareholders received a dividend of 495 million kroner, unchanged from 2024. Kirkbi divested its ownership stake in Danish facilities manager ISS A/S , cut its position in Norway’s TOMRA Systems ASA and offered industrial vacuum cleaner maker Nilfisk Holding A/S for sale. In December, Nilfisk received a takeover offer from Germany’s Freudenberg Group valuing the company at about 3.8 billion kroner.
Google ( GOOG ) ( GOOGL ) unveiled its newest Gemini model on Thursday, Gemini 3.1 Flash Live, aimed at audio and visual use cases. "Today, we’re advancing Gemini’s real-time dialogue capabilities with Gemini 3.1 Flash Live, our highest-quality audio and voice model yet," Google said in a blog post . "It delivers the speed and natural rhythm needed for the next generation of voice-first AI, offeri...
Google ( GOOG ) ( GOOGL ) unveiled its newest Gemini model on Thursday, Gemini 3.1 Flash Live, aimed at audio and visual use cases. "Today, we’re advancing Gemini’s real-time dialogue capabilities with Gemini 3.1 Flash Live, our highest-quality audio and voice model yet," Google said in a blog post . "It delivers the speed and natural rhythm needed for the next generation of voice-first AI, offering a more intuitive experience for developers, enterprises and everyday users." "In Gemini Live and Search Live, the 3.1 Flash Live model delivers more helpful and natural responses, whether you’re asking quick daily questions or engaging in more complex conversations," Google added. "With the 3.1 Flash Live model under the hood, Gemini Live delivers faster responses compared to the previous model and it can follow the thread of your conversation for twice as long, keeping your train of thought intact during longer brainstorms." The 3.1 Flash Live model is available across Google products, including the Gemini Live API in Google AI Studio; Gemini Enterprise; and Search Live and Gemini Live. More on Alphabet Alphabet's Bull Trap Playing Out: Buy The AI/Advertising Leader's Selloff Wall Street Lunch: Huang, Zuckerberg, Ellison Join Trump's Tech Council Alphabet Quietly Entered A Multibillion-Dollar Market Last Week Google's TurboQuant leads to more intense computing rather than dimming demand: Morgan Stanley Cloud infrastructure emerges as the quiet winner of the AI boom
Google ( GOOG ) ( GOOGL ) unveiled its newest Gemini model on Thursday, Gemini 3.1 Flash Live, aimed at audio and visual use cases. "Today, we’re advancing Gemini’s real-time dialogue capabilities with Gemini 3.1 Flash Live, our highest-quality audio and voice model yet," Google said in a blog post . "It delivers the speed and natural rhythm needed for the next generation of voice-first AI, offeri...
Google ( GOOG ) ( GOOGL ) unveiled its newest Gemini model on Thursday, Gemini 3.1 Flash Live, aimed at audio and visual use cases. "Today, we’re advancing Gemini’s real-time dialogue capabilities with Gemini 3.1 Flash Live, our highest-quality audio and voice model yet," Google said in a blog post . "It delivers the speed and natural rhythm needed for the next generation of voice-first AI, offering a more intuitive experience for developers, enterprises and everyday users." "In Gemini Live and Search Live, the 3.1 Flash Live model delivers more helpful and natural responses, whether you’re asking quick daily questions or engaging in more complex conversations," Google added. "With the 3.1 Flash Live model under the hood, Gemini Live delivers faster responses compared to the previous model and it can follow the thread of your conversation for twice as long, keeping your train of thought intact during longer brainstorms." The 3.1 Flash Live model is available across Google products, including the Gemini Live API in Google AI Studio; Gemini Enterprise; and Search Live and Gemini Live. More on Alphabet Alphabet's Bull Trap Playing Out: Buy The AI/Advertising Leader's Selloff Wall Street Lunch: Huang, Zuckerberg, Ellison Join Trump's Tech Council Alphabet Quietly Entered A Multibillion-Dollar Market Last Week Google's TurboQuant leads to more intense computing rather than dimming demand: Morgan Stanley Cloud infrastructure emerges as the quiet winner of the AI boom
Lorado/E+ via Getty Images Chef's Warehouse ( CHEF ) is an attractive business with an attractive business model. However, due to value concerns, I had sold out of the business over a year ago, and covered it last in the article found here. The company has, since that time, not outperformed the market, nor do I expect it to outperform at this valuation. That doesn't mean that the company is not at...
Lorado/E+ via Getty Images Chef's Warehouse ( CHEF ) is an attractive business with an attractive business model. However, due to value concerns, I had sold out of the business over a year ago, and covered it last in the article found here. The company has, since that time, not outperformed the market, nor do I expect it to outperform at this valuation. That doesn't mean that the company is not attractive at a good price, but at current pricing coupled with current fundamentals, I have a hard time seeing the upside. Given a recent decline, I thought it was a good idea to update my thesis on this company and give somewhat clear guidance on when I would see the company as attractive. The tricky part about any company like this is not just that we look at whether the company is appealing as an investment. It very well might be, given the fundamentals and upside. Where many, if not most, companies fail is in the contextual comparison. This is because a company needs not only be a good investment in its own right, but it also needs to be a good investment compared to other investments on the market. This puts CHEF and other businesses in comparison with businesses that have better fundamentals, that have dividends, that have lower valuatifons, and better upside. And for a company with sub-par fundamentals (not saying that this company has it, but as a general point of comparison), that makes for a difficult context to overcome. Nonetheless, here I will show my current considerations for CHEF and what could make the company investable. At the time of writing, CHEF has just been through somewhat of a decline in its valuation. It has a market capitalization of about $2.5B. Let's see, therefore, what we have here. Chefs Warehouse - 2026 upside is there, but requires premiumization that I am hesitant to give. On the surface, I love the business idea of Chef's Warehouse. The distribution of luxury ingredients, or high-quality ingredients, to both restaurants, hotels and others...
gettinthere/iStock via Getty Images Aevex Is Growing In A Fast-Moving Industry Aevex ( AVEX ) has filed to raise growth capital in an IPO, according to an SEC registration statement . The company develops unmanned systems for Western military and defense markets. AVEX is seeking to go public at a time of customer demand growth for unmanned systems. I’ll wait for management’s proposed pricing and v...
gettinthere/iStock via Getty Images Aevex Is Growing In A Fast-Moving Industry Aevex ( AVEX ) has filed to raise growth capital in an IPO, according to an SEC registration statement . The company develops unmanned systems for Western military and defense markets. AVEX is seeking to go public at a time of customer demand growth for unmanned systems. I’ll wait for management’s proposed pricing and valuation assumptions before I provide a final opinion. What Does Aevex Do? The firm develops and sells advanced unmanned systems for a variety of operational use cases to a number of U.S. departments and agencies, as well as for international partner entities. Aevex fields Tactical systems for aerial, surface, and naval operations and bespoke global solutions, such as airborne ISR (Intelligence, Surveillance and Reconnaissance) systems and specialized aircraft engineering. The graphic below highlights some of the company's unmanned system offerings: SEC Aevex says it has delivered more than 6,200 autonomous systems and has a several-thousand-system backlog through the end of 2026, "across 35 unique platform deployments to over 30 unique active customers." Its pipeline of $8.1 billion is comprised of the following systems: SEC The firm is led by Chief Executive Officer Mr. Roger Wells, who has been with Aevex since April 2025. Before that, he was COO and President and Mercury Systems, a provider of defense electronics, and was Vice President of Unmanned Systems and Integrated Solutions at FLIR Systems. Investors in Aevex include private equity firm Madison Dearborn Partners and others who have invested $279 million at fair market value. What Is Aevex’s Market? The unmanned military drone market in 2025 was approximately $47 billion, according to a market research report by Grand View Research. The market is expected to grow at a CAGR of 8.9% from 2026 to 2033, exceeding $98 billion by the end of the forecast period. Key trends affecting demand are a desire for AI-enhanced ca...
panumas nikomkai/iStock via Getty Images Investment Thesis CoreWeave ( CRWV ) now has to pay $1.15 billion a year to service $21.6 billion in debt . Looking over at Nebius ( NBIS ), which pays roughly $130-165 million on $8.5 billion, which represents roughly a 10:1 cost-of-capital gap per dollar of principal, it explains most of what the market is getting wrong about the neocloud trade. The thesi...
panumas nikomkai/iStock via Getty Images Investment Thesis CoreWeave ( CRWV ) now has to pay $1.15 billion a year to service $21.6 billion in debt . Looking over at Nebius ( NBIS ), which pays roughly $130-165 million on $8.5 billion, which represents roughly a 10:1 cost-of-capital gap per dollar of principal, it explains most of what the market is getting wrong about the neocloud trade. The thesis rests on a convertible debt structure that carries $8.5 billion at under 2% with no maturities before 2029, a contracted backlog approaching $50 billion that makes 2027 revenue visibility unusually high for this stage, and $4.6 to $5.2 billion in non-core assets I don't think the market is pricing. At roughly 3x 2027 consensus revenue and 40% EBITDA margins in reach, my view is that the risk-reward is mispriced, as no neocloud peer has this cost of capital profile. $8.5 Billion In Debt & $130 Million In Interest Before this week, Nebius had approximately $4.16 billion in outstanding convertible notes across two issuances. In June 2025, Nebius ended up raising $1 billion in a private placement that consisted of $500 million in 2.0% notes due 2029 and $500 million in 3.0% notes due 2031. Then in September 2025 , Nebius raised approximately $3.16 billion in a concurrent offering alongside a $1 billion public equity raise with two equal tranches of 1.0% notes due 2030 and 2.75% notes due 2032. No financial maintenance covenants and no maturities until 2029 at the earliest. Two days after the Meta announcement, Nebius went back to the debt market. The initial target was $3.75 billion , but buyers wanted more and pushed it to $4.0 billion at pricing. It was priced at $2.25 billion at 1.25%, coming due in 2031, and another $1.75 billion at 2.625%, maturing in 2033. The initial purchaser exercised the greenshoe option on the 2031 tranche, adding $337.5 million. The deal closed on March 20, 2026, with a total aggregate original principal of $4.3375 billion. After settlement, Nebiu...
Gold Vs Bitcoin: Can Either Usurp The Dollar's Reign? Tonight at 7pm ET, wealth manager Peter Schiff will debate bitcoin investor Mark Moss on the future of hard assets and the global monetary system. Since the start of the war in Iran, Bitcoin and gold have reversed roles. While BTC used to trade like a leveraged tech stock, tanking on any shaky geopolitical news, it surged since Trump started bo...
Gold Vs Bitcoin: Can Either Usurp The Dollar's Reign? Tonight at 7pm ET, wealth manager Peter Schiff will debate bitcoin investor Mark Moss on the future of hard assets and the global monetary system. Since the start of the war in Iran, Bitcoin and gold have reversed roles. While BTC used to trade like a leveraged tech stock, tanking on any shaky geopolitical news, it surged since Trump started bombing. Gold meanwhile, briefly dropped into a technical bear market. Are traders anticipating a swift end to the war or has there been a structural shift in the assets? Regime shift really kicking in: gold -13% since start of the Iran war, bitcoin +6% https://t.co/H6AMd039bF pic.twitter.com/5E5C97Cr30 — zerohedge (@zerohedge) March 20, 2026 Still, zooming out, gold had an incredible surge last year and still sits comfortably at around +50% year over year. Bitcoin meanwhile is around -18% yoy at the time of writing. Monthly trading swings aside, the important question for an investor is which is the superior asset, or even currency . Could either replace the dollar as the global reserve currency? Being backed by gold is arguably what allowed for the U.S. dollar’s global adoption. Is Bitcoin an improvement on gold given its ease of transaction or is it worthless numbers on a computer? When you stop measuring Bitcoin in fiat and price it in Gold, the picture clarifies instantly Every 4 years, BTC revisits the 200 WMA against gold. Traders wait on the sidelines waiting for confirmation, but for me... a long-term accumulator with a goal of "more bitcoin," it… pic.twitter.com/2Me7cRP0Hd — Mark Moss (@1MarkMoss) January 25, 2026 Trump has been the most “pro crypto” President thus far, appointing tech billionaire David Sacks as the crypto (and AI) czar. Bitcoin’s institutional adoption has undeniably surged with numerous approved ETFs on the market with reportedly close to $100B AUM allocated. But is mass appeal the same as underlying utility and value? The biggest mistake I made w...
Not every company in the world is an "AI business," but virtually every company can use artificial intelligence (AI) to improve its operations. Those that do so early should be able to get ahead of the competition -- and it increasingly looks like Coupang (NYSE: CPNG) will be one of them. The technology company, which does most of its business in East Asia, recently announced a partnership with Nv...
Not every company in the world is an "AI business," but virtually every company can use artificial intelligence (AI) to improve its operations. Those that do so early should be able to get ahead of the competition -- and it increasingly looks like Coupang (NYSE: CPNG) will be one of them. The technology company, which does most of its business in East Asia, recently announced a partnership with Nvidia to optimize its e-commerce network. But does that make the stock a buy? After news of a major data leak last year grew into a complex scandal, its stock price tanked: It's now down by about 44% from the 12-month peak it touched in October. But Coupang appears to be getting back on its feet. Management said revenue growth began to recover in February, suggesting that conditions would return to normal throughout the rest of the year. Now, the company is again becoming aggressive with its growth plans, as seen in its recent partnership with Nvidia to build an AI factory to support its e-commerce logistics network. This will be done through Coupang's internal cloud network , utilizing the latest Nvidia computer chips and software to optimize its systems. Continue reading