thamerpic/iStock Editorial via Getty Images Rio Tinto ( RIO ) -4.2% in U.S. trading Thursday and Glencore ( GLCNF ) ( GLNCY ) -8.2% in London after Rio said it is no longer considering a potential tie-up with Glencore, scuttling a potential mega-merger that could have created the world's largest mining company. Rio Tinto ( RIO ) said the two sides could not agree on a valuation: "Rio Tinto assesse...
thamerpic/iStock Editorial via Getty Images Rio Tinto ( RIO ) -4.2% in U.S. trading Thursday and Glencore ( GLCNF ) ( GLNCY ) -8.2% in London after Rio said it is no longer considering a potential tie-up with Glencore, scuttling a potential mega-merger that could have created the world's largest mining company. Rio Tinto ( RIO ) said the two sides could not agree on a valuation: "Rio Tinto assessed the opportunity and came to this view through the disciplined lens set out at its Capital Markets Day in December 2025, prioritizing long-term value and delivering leading shareholder returns." Glencore ( GLCNF ) ( GLNCY ) confirmed the failure to reach an agreement: "The key terms of the potential offer were Rio Tinto retaining both the Chairman and Chief Executive Officer roles and delivering a pro forma ownership of the combined company which, in our view, significantly undervalued Glencore's underlying relative value contribution to the combined group, even before consideration of a suitable acquisition control premium." Under U.K. rules, Rio ( RIO ) will not be allowed to pursue Glencore ( GLCNF ) ( GLNCY ) for at least six months, except in specific circumstances. More on Glencore and Rio Tinto Glencore and Venezuelan Oil: Who Wins? Who Loses? Rio Tinto: Up A Lot, Still A Good Outlook Rio Tinto: Valuation Now Full As Merger Noise With Glencore Clouds The Standalone Case (Rating Downgrade)
jetcityimage/iStock Editorial via Getty Images AGCO Corp. ( AGCO ) reported quarterly results that exceeded Wall Street expectations, pushing the stock up as much 5.6% on Thursday to their highest level since April 11, 2024. Fourth-quarter revenue of $2.9 billion beat the Wall Street consensus estimate of $2.67 billion. Adjusted earnings came in at $2.17 a share, topping expectations for adjusted ...
jetcityimage/iStock Editorial via Getty Images AGCO Corp. ( AGCO ) reported quarterly results that exceeded Wall Street expectations, pushing the stock up as much 5.6% on Thursday to their highest level since April 11, 2024. Fourth-quarter revenue of $2.9 billion beat the Wall Street consensus estimate of $2.67 billion. Adjusted earnings came in at $2.17 a share, topping expectations for adjusted earnings of $1.86 a share. Net income rose to $1.30 a share from a year-earlier net loss of $3.42 a share. Sales increased 1.1% from a year earlier, though excluding favorable currency translation, net sales declined 5.3% due to continued pressure on global farm income and equipment demand. Adjusted operating margin for the quarter improved to 10.1%, reflecting disciplined production planning and cost controls. “AGCO delivered strong fourth quarter results, achieving an adjusted operating margin of 10.1% despite ongoing pressures on farm income and global trade dynamics,” Chairman, President and Chief Executive Eric Hansotia said in the earnings release. For the full year, AGCO ( AGCO ) reported net sales of $10.1 billion, down 13.5% from 2024, reflecting the prior-year divestiture of most of its Grain & Protein business and softer global equipment demand. Full-year adjusted earnings were $5.28 a share, compared with $7.50 a share a year earlier. The company generated cash flow from operating activities of $988 million in 2025 and record free cash flow of $740 million, supported by working-capital improvements and lower inventory levels. By region in the fourth quarter, Europe and the Middle East posted reported sales growth of 7.9%, while North America and South America saw declines as demand for higher horsepower equipment remained weak. Asia Pacific and Africa recorded modest growth. Looking ahead, AGCO ( AGCO ) forecast 2026 net sales of $10.4 billion to $10.7 billion and earnings per share of about $5.50 to $6.00, above 2025 levels. The outlook assumes relatively flat ...
Earnings Call Insights: Gladstone Capital (GLAD) Q1 2026 Management View David Gladstone, Founder, Chairman & CEO, summarized the quarter as “a solid quarter for Gladstone Capital again,” highlighting the team’s performance in delivering “attractive net originations and growth with very healthy backlog of attractive growth-oriented lower middle market companies.” Robert Marcotte, President, report...
Earnings Call Insights: Gladstone Capital (GLAD) Q1 2026 Management View David Gladstone, Founder, Chairman & CEO, summarized the quarter as “a solid quarter for Gladstone Capital again,” highlighting the team’s performance in delivering “attractive net originations and growth with very healthy backlog of attractive growth-oriented lower middle market companies.” Robert Marcotte, President, reported fundings of $99.1 million, including 2 new private equity-sponsored investments totaling $37.8 million and $61.3 million in additional advances to existing portfolio companies. Net originations were $46.3 million for the quarter. Marcotte stated that interest income rose to $23.9 million, with the weighted average debt yield at 12.2%. He also noted net investment income of $11.3 million for the period and a robust late-stage deal pipeline of over $100 million, which “should more than offset the recent repayments.” Marcotte described the current pipeline as “quite robust at over $100 million and should more than offset the recent repayments,” attributing the investment activity to “the resilience of the lower middle market deal flows and the growth prospects within our existing portfolio.” Nicole Schaltenbrand, CFO & Treasurer, stated, “During the December quarter, total interest income rose $100,000 or 1% to $23.9 million as the average earning assets rose $20.3 million or 3%, while the weighted average yield on our interest-bearing portfolio declined 30 basis points to 12.2% for the period.” Schaltenbrand reported, “Net investment income for the quarter declined to $11.3 million or $0.50 per share. The net increase in net assets resulting from operations was $5.5 million or $0.24 per share for the quarter ended December 31 as impacted by the realized and unrealized valuation depreciation.” Outlook Marcotte stated that the company’s pipeline of late-stage deals is “quite robust at over $100 million and should more than offset the recent repayments.” Schaltenbrand pointed...
Image source: The Motley Fool. Friday, November 21, 2025 at 9 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Joseph Bartolacci Chief Financial Officer — Steven F. Nicola TAKEAWAYS SGK Divestiture -- Matthews International Corporation MATW 2.43% ) -- Warehouse Automation Sale -- An agreement to sell the Warehouse Automation unit to Duravant LLC will provide $230 million in total ...
Image source: The Motley Fool. Friday, November 21, 2025 at 9 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Joseph Bartolacci Chief Financial Officer — Steven F. Nicola TAKEAWAYS SGK Divestiture -- Matthews International Corporation MATW 2.43% ) -- Warehouse Automation Sale -- An agreement to sell the Warehouse Automation unit to Duravant LLC will provide $230 million in total value, including $223 million cash and approximately $7 million in assumed liabilities; $160 million is expected to be applied to debt reduction after taxes and fees. -- An agreement to sell the Warehouse Automation unit to Duravant LLC will provide $230 million in total value, including $223 million cash and approximately $7 million in assumed liabilities; $160 million is expected to be applied to debt reduction after taxes and fees. Consolidated Revenue -- Fiscal fourth quarter sales were $319 million, down from $447 million, primarily due to the SGK divestiture, which had a $120 million quarterly impact. (Fiscal year ended September 30, 2025.) -- Fiscal fourth quarter sales were $319 million, down from $447 million, primarily due to the SGK divestiture, which had a $120 million quarterly impact. (Fiscal year ended September 30, 2025.) Adjusted EBITDA -- Consolidated adjusted EBITDA was $51.5 million, compared to $58.1 million a year prior, with the SGK divestiture as the key driver of the decline. -- Consolidated adjusted EBITDA was $51.5 million, compared to $58.1 million a year prior, with the SGK divestiture as the key driver of the decline. Propelis Contribution -- Unaudited preliminary estimates show Propelis generated $32.2 million adjusted EBITDA for July–September; Matthews' 40% share would be approximately $12.9 million. -- Unaudited preliminary estimates show Propelis generated $32.2 million adjusted EBITDA for July–September; Matthews' 40% share would be approximately $12.9 million. Memorialization Segment Performance -- Sales reached $209.7 million versus $19...
Company Logo Market opportunities for Meta's MTIA ASICs exist in geographic expansion across North America, Europe, and Asia Pacific, with targeted deployments by country and city. Key segments include MTIA v1–v3 variants and server products like Kings Canyon Gen2, Grand Teton - Artemis, and Santa Barbara Iris 1U. Dublin, Feb. 05, 2026 (GLOBE NEWSWIRE) -- The "Meta Platforms Global MTIA AI Process...
Company Logo Market opportunities for Meta's MTIA ASICs exist in geographic expansion across North America, Europe, and Asia Pacific, with targeted deployments by country and city. Key segments include MTIA v1–v3 variants and server products like Kings Canyon Gen2, Grand Teton - Artemis, and Santa Barbara Iris 1U. Dublin, Feb. 05, 2026 (GLOBE NEWSWIRE) -- The "Meta Platforms Global MTIA AI Processor Deployment Analysis" report from EJL Wireless Research has been added to ResearchAndMarkets.com's offering. This report provides a comprehensive analysis of deployed and installed Meta Platforms' Meta Training and Inference Accelerator (MTIA) semiconductor ASICs for the v1 Freya, v2 Artemis, and v3 Iris as well as insights into the future v4, v5, and v6 ASICs due out in 2026. Features ASIC Deployments By geographic region North America Europe Asia Pacific By Country in each geographic region (9 in total) By City/State within each geographic region where applicable By ASIC Product Type and by geographic region MTIA v1, v2, v3 MTIA Server Deployments By Server Product Type and by geographic region Kings Canyon Gen2 Grand Teton - Artemis Santa Barbara Iris 1U Key Topics Covered: RESEARCH BRIEF Methodology Background EXECUTIVE SUMMARY Conclusion META TRAINING INFERENCE ACCELERATOR (MTIA) PROCESSOR ANALYSIS V3 Iris Deployed, Waiting for V4/5/6 META MTIA SERVER CHASSIS CONFIGURATION Yosemite V3 Server Chassis for MTIA v1 Freya ASICs Grand Teton - Artemis Server Chassis for MTIA v2/2i Artemis ASICs Santa Barbara AI Training Server Chassis for MTIA v3 Iris ASICs Meta Platforms Server Deployment Analysis TABLES Table 1: Meta Platforms MTIA Processor Specifications by Generation Table 2: Meta MTIA Processor Deployments by Country/Generation for North America Table 3: Meta MTIA Processor Deployments by Country/Generation for Europe Table 4: Meta MTIA Processor Deployments by Country/Generation for Asia Pacific Table 5: MTIA Processor Deployed in United States by Data Center and Gen...
Democrats Just Gave Away The Real Reason They're Fighting Immigration Enforcement Authored by Matt Margolis via PJ Media , Democrats have spent years insisting illegal immigrants do not vote, yet Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries just gave the whole game away. In a letter to GOP leadership, they demanded a slate of “reforms” to immigration enforcement a...
Democrats Just Gave Away The Real Reason They're Fighting Immigration Enforcement Authored by Matt Margolis via PJ Media , Democrats have spent years insisting illegal immigrants do not vote, yet Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries just gave the whole game away. In a letter to GOP leadership, they demanded a slate of “reforms” to immigration enforcement as the price for funding the Department of Homeland Security, including targeted enforcement, no masks, mandatory use of body cameras, and other demands, several of which I suspect are nonstarters. NEW: Schumer and Jeffries lay out 10 demands for DHS reforms pic.twitter.com/bKfVg1Ctbb — Max Cohen (@maxpcohen) February 5, 2026 I don’t see Democrats getting anywhere with these, but the big thing is that buried in that list is a rather revealing demand: Protect Sensitive Locations - Prohibit funds from being used to conduct enforcement near sensitive locations, including medical facilities, schools, child-care facilities, churches, polling places, courts, etc. Polling places? They went out of their way to include polling places right alongside hospitals, courts, and churches . There is only one thing that happens at polling places that would matter to illegal immigrants, and it is not the bake sale. Democrats have insisted for years that illegal immigrants cannot and do not vote, and that the whole issue is a right-wing myth. If that is true, then why is “polling places” even on their list of protected zones for immigration violators? No one accidentally adds “polling places” to a policy letter being negotiated at the leadership level. This is deliberate. It gives away what they are worried about... and what they are counting on. “Democrats just admitted they think illegal aliens need to be protected at polling places. Why exactly would illegal aliens be at polling places? We MUST fully fund DHS AND pass the SAVE America Act,” Senator Katie Britt (R-Ala.) posted on X. That is t...
If you're only considering dividends when comparing value returned to shareholders, you'll miss hidden gems such as General Motors. General Motors (GM 2.27%) capped off 2025 in style, essentially firing on all cylinders by beating fourth quarter bottom-line earnings estimates from Wall Street, raising its 2026 forecasts for net income and adjusted earnings, increasing its dividend, and initiating ...
If you're only considering dividends when comparing value returned to shareholders, you'll miss hidden gems such as General Motors. General Motors (GM 2.27%) capped off 2025 in style, essentially firing on all cylinders by beating fourth quarter bottom-line earnings estimates from Wall Street, raising its 2026 forecasts for net income and adjusted earnings, increasing its dividend, and initiating a new $6 billion share buyback. Over the past three years, GM's stock has more than doubled to a 113% rise, which leaves crosstown rival Ford Motor Company's (F 1.41%) 1% gain, and the broader S&P 500's 68% gain, in the dust. Despite all of this, many investors prefer to own shares of Ford for its dividend -- but let's dig into this, and see why GM is much more than just its dividend. More to the equation To be fair, Ford should be acknowledged for its valuable dividend. The company consistently returns 40% to 50% of its free cash flow to investors in the form of its dividend. When cash flow is stronger, the company will dish out an extra supplemental payment -- which it has done in recent years. Making things even better for investors is that the Ford family still owns a special class of shares which, in addition to special voting rights, gives the family a hefty dividend payment and ensures the family is likely to back dividend supportive decisions. While General Motors' dividend yield remains a paltry 0.8%, which is lower than the S&P 500's average dividend yield, and far behind Ford's, the automaker is much more valuable than investors realize because of its share buybacks. Since 2023, GM has announced a staggering $22 billion in share buybacks that has drastically reduced its shares outstanding and boosted the earnings potential of the remaining shares. Its stock price has responded by driving higher. Looking at total yield For investors, there's a handy metric that includes both the company's dividend yield, as well as its buyback yield, into "Total Yield." It's extre...
Cameco could have room to raise its paltry payout. Cameco (CCJ 3.14%), the world's second-largest uranium miner, is attracting significant attention as the nuclear energy market expands again. Over the past five years, its stock surged nearly 750% as the S&P 500 rose less than 80%. The rally was driven by surging uranium prices, which finally recovered from a decade-long slump following the Fukush...
Cameco could have room to raise its paltry payout. Cameco (CCJ 3.14%), the world's second-largest uranium miner, is attracting significant attention as the nuclear energy market expands again. Over the past five years, its stock surged nearly 750% as the S&P 500 rose less than 80%. The rally was driven by surging uranium prices, which finally recovered from a decade-long slump following the Fukushima disaster of 2011. Cameco's market-crushing gains were impressive, but most investors probably didn't pay too much attention to its paltry forward dividend yield of 0.15%. However, I believe the company can easily raise that payout and become a high-yield energy stock. Why is Cameco growing again? Cameco operates uranium mines and mills across Canada, the U.S., and Kazakhstan. From 2011 to 2021, its annual revenue plunged from $2.4 billion to $1.2 billion. In response to the Fukushima disaster, many countries paused their nuclear energy projects. As a result, uranium's spot price plummeted from a peak of $136 per pound in June 2007 to just $18 per pound in November 2016. Cameco and its industry peers temporarily shuttered their largest mines to cut costs as that demand dried up, and their revenues shriveled. Expand NYSE : CCJ Cameco Today's Change ( -3.14 %) $ -3.61 Current Price $ 111.21 Key Data Points Market Cap $50B Day's Range $ 109.11 - $ 114.66 52wk Range $ 35.00 - $ 135.24 Volume 182K Avg Vol 4.3M Gross Margin 26.64 % Dividend Yield 0.15 % But as of this writing, uranium's spot price has risen back to $94 per pound. That recovery was driven by the rapid expansion of the power-hungry cloud and AI markets, which prompted countries to restart their nuclear projects; the development of safer, more power-efficient reactors; geopolitical conflicts in uranium-rich regions; and previous mine closures, which further tightened uranium supply. Cameco reopened its biggest mines as uranium's spot prices rose, but the demand continues to outstrip its supply. Cameco also partne...
Airlines and booking firms should give UK customers information about the environmental impact of their flights, the regulator has said. The Civil Aviation Authority urged booking sites to enable passengers to make “more informed travel decisions” by setting out estimates for carbon emissions for flights landing or taking off from British airports. New guidance published by the CAA aims to standar...
Airlines and booking firms should give UK customers information about the environmental impact of their flights, the regulator has said. The Civil Aviation Authority urged booking sites to enable passengers to make “more informed travel decisions” by setting out estimates for carbon emissions for flights landing or taking off from British airports. New guidance published by the CAA aims to standardise the kind of data already published by some airlines and websites and to make it available at the time of booking so passengers can make comparisons. The regulator said it would start monitoring and possibly enforcing the new rules after April 2027. It said the carbon emission data should reflect factors such as aircraft type and fuel use, and take into account the type of seat occupied. It added that this information was already available in sectors such as rail, and a standard framework would help aviation’s ambitions to become net zero for carbon emissions by 2050. The CAA director, Tim Johnson, said: “Airlines providing understandable and comparable emissions data will enable passengers to make more informed travel decisions. We encourage all airlines and travel companies that advertise or sell flights in the UK which depart from or arrive at UK airports to follow this guidance.” Emissions per passenger are typically lowest on short-haul, fuel-efficient modern fleets with large numbers packed into economy seats – a fact that has encouraged airlines such as Ryanair and Wizz Air to regularly publicise their CO 2 per head figures. Airlines were broadly accepting of the move during a consultation held by the CAA in 2024, although questions were raised about the limits of the data, with factors such as changes to flight paths, aircraft and bookings all affecting accuracy. The environmental campaign group Cagne, which was among those lobbying for the change, said the guidance was welcome but it was “imperative that there is transparency” and that consumers could understan...
Tom Werner/DigitalVision via Getty Images I'm a fairly conservative investor. What I mean by that is that I like simple investments in things that I can understand. Simple goods, metals, consumer staples, grocers, energy, utilities, things that are, for lack of a better word, "tangible". My bar for investing in things like IT, in things like software or AI, is incredibly high. Sometimes this is a ...
Tom Werner/DigitalVision via Getty Images I'm a fairly conservative investor. What I mean by that is that I like simple investments in things that I can understand. Simple goods, metals, consumer staples, grocers, energy, utilities, things that are, for lack of a better word, "tangible". My bar for investing in things like IT, in things like software or AI, is incredibly high. Sometimes this is a detriment to me, but I've experienced that it's mostly an advantage that I have. A good example of that is what has happened with a company like PayPal ( PYPL ) since the last time I covered it bearishly about 3 years ago; it is now down over 30% since that time, while the market is up 50%. IT and software do not guarantee good returns. Your individual investment considerations, the "picking" of companies, matter very highly. This is an important lesson. The company that I will take a look at today and present as consideration for investment is Farmland Partners. Farmland Partners is a real estate investment trust, or REIT, and it's a sector that I, despite difficulties, invest quite a bit in. The company is one of the largest farmland REITs in all of America, with a portfolio of over 75,000 acres across 11 American states. Its business model and potential returns are interesting, and in this article I'll share with you what makes the company "tick" and what you can expect from it if you were to invest. One of the things, from the get-go, that Farmland Partners has going for it is that it's one of very few public firms that trade in farmland ownership. In fact, there's only one more aside from FPI. More skeptical investors might say that there's a reason for this. I say there's a price where a company, even this company, becomes attractive. Being a value investor, I view it as my "job" to find out what that price is. Let's see what we have here. Farmland Partners - Only at the Right Value Business fundamentals and ideas first. This company specializes in the ownership of fa...
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We're trying to bring you stocks in healthy uptrends that have recently broken out or are about to break out. The S & P Energy sector has been fertile ground for this lately and we've done a bunch of names in the space for you. Sean wanted to spotlight Diamondback Energy (FAN...
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We're trying to bring you stocks in healthy uptrends that have recently broken out or are about to break out. The S & P Energy sector has been fertile ground for this lately and we've done a bunch of names in the space for you. Sean wanted to spotlight Diamondback Energy (FANG) for today's column and it's a great set-up. Breakout confirmed. There may be a retest, but I think this one can continue to roll up. On another note, if you took the Baker Hughes (BKR) and Exxon (XOM) trades with us this winter, now is when you want to start rolling up stops. Okay, here's the story behind Diamondback followed by the technicals. Best Stock Spotlight: Diamondback Energy, Inc. (FANG) Sean — Take a look at Diamondback's investor presentation . Once you get past the intro slides and the biblically long disclosure, the very first slide with meaningful content on it is dedicated to shareholders. It's a guide on how Diamondback Energy plans to pay back shareholders. According to their presentation, FANG is committed to returning at least 50% of quarterly free cash flow to shareholders. Through the third quarter, $892M was returned through dividends and share buybacks, representing exactly 50% of free cash flow. Love to see it! FANG has grown its payout by 7.2% annually since its inaugural dividend in 2018. They currently pay a 2.42% annual dividend, paired with an $8B share buyback authorization that has a little less than half of the authorized amount of capital left to be deployed. FANG has repurchased 36.1 million shares since Q3 of 2021, or 20% of its starting float since then. This oil company keeps costs incredibly low. Management notes that its "best-in-class cost structure" allows it to remain profitable even when oil prices are low. As of the most recent earnings report, the breakeven price at which FANG was profitable was $30 per barrel. The price at w...
Image source: The Motley Fool. Wednesday, February 4, 2026 at 9:00 a.m. ET Call participants President & Chief Executive Officer — Joseph Bartolacci Chief Financial Officer — Daniel Stopar Takeaways Leverage Ratio -- Achieved below 3x net debt to EBITDA target after significant asset divestitures and debt reduction. -- Achieved below 3x net debt to EBITDA target after significant asset divestiture...
Image source: The Motley Fool. Wednesday, February 4, 2026 at 9:00 a.m. ET Call participants President & Chief Executive Officer — Joseph Bartolacci Chief Financial Officer — Daniel Stopar Takeaways Leverage Ratio -- Achieved below 3x net debt to EBITDA target after significant asset divestitures and debt reduction. -- Achieved below 3x net debt to EBITDA target after significant asset divestitures and debt reduction. Asset Sales -- Closed the sale of the warehouse automation business for $225 million (15x adjusted EBITDA, 11x after-tax) and Saueressig for $41 million, reducing pension liabilities and restructuring costs. -- Closed the sale of the warehouse automation business for $225 million (15x adjusted EBITDA, 11x after-tax) and Saueressig for $41 million, reducing pension liabilities and restructuring costs. Net Debt -- Net debt declined to $506 million, down $173 million in the quarter, reflecting $240 million in divestiture proceeds. -- Net debt declined to $506 million, down $173 million in the quarter, reflecting $240 million in divestiture proceeds. Pension Liabilities -- Reduced remaining pension liabilities to under $10 million from over $300 million within several years. -- Reduced remaining pension liabilities to under $10 million from over $300 million within several years. Senior Secured Notes -- Executed early redemption of all $300 million of 8.625% senior secured notes; annual interest expense is expected to drop by $12 million. -- Executed early redemption of all $300 million of 8.625% senior secured notes; annual interest expense is expected to drop by $12 million. Q1 Revenue -- Consolidated sales were $285 million, down from $402 million, mainly due to divestitures of SGK and European packaging businesses. -- Consolidated sales were $285 million, down from $402 million, mainly due to divestitures of SGK and European packaging businesses. Adjusted EBITDA -- Adjusted EBITDA totaled $35.2 million, compared to $40 million, with the decrease primar...
Culture secretary Lisa Nandy has launched a search for the UK’s first “town of culture”, similar to the city of culture programme, which honoured Bradford last year. After the Guardian’s writers nominated theirs – including Ramsgate in Kent, Falmouth in Cornwall, Abergavenny in Monmouthshire and Portobello in Edinburgh – we asked readers which UK towns they would put forward. Hastings, East Sussex...
Culture secretary Lisa Nandy has launched a search for the UK’s first “town of culture”, similar to the city of culture programme, which honoured Bradford last year. After the Guardian’s writers nominated theirs – including Ramsgate in Kent, Falmouth in Cornwall, Abergavenny in Monmouthshire and Portobello in Edinburgh – we asked readers which UK towns they would put forward. Hastings, East Sussex View image in fullscreen ‘Culture is woven into everyday life’ … the 2024 Jack in the Green parade in Hastings. Photograph: Toby Melville/Reuters Culture in Hastings grows out of the shingle and the wind and the friction between past and present. You can feel it in the fishing fleet hauled up on the beach, still part of daily life, and then a short walk away in bold contemporary spaces showing work that speaks far beyond the town. It shows up in events that belong to the people who live there; Jack in the Green spilling through the streets; Pirate Day turning the whole place into a shared act of play; music competitions that quietly bring international talent into a town that never pretends to be grand. There is youth culture that is visible and unapologetic, from skate culture to artists and musicians building scenes without waiting for permission. Naming Hastings as UK town of culture would recognise a place where culture is already woven into everyday life and where investment would deepen something authentic, rooted and alive rather than trying to invent it. David Shopland, London Glastonbury, Somerset View image in fullscreen ‘Something here for everybody’ … Brad Crowley, Glastonbury town crier. Photograph: Guardian Community My calendar as Glastonbury town crier is packed with events attended by thousands of people, from the ecstatic revelry of Beltane in May, to the emergence of the red and white dragons twice a year to battle for the season, to the Goddess Conference, pilgrimages from church denominations across the globe and academic lectures on occultism coexisti...
Trump officials propose testing a citizenship question amid a push to alter the census toggle caption Stefani Reynolds/AFP via Getty Images Participants in this year's field test of the 2030 census may be asked about their U.S. citizenship status, the Trump administration revealed Thursday. The proposal, which is part of a regulatory filing for the test, comes months after President Trump — in the...
Trump officials propose testing a citizenship question amid a push to alter the census toggle caption Stefani Reynolds/AFP via Getty Images Participants in this year's field test of the 2030 census may be asked about their U.S. citizenship status, the Trump administration revealed Thursday. The proposal, which is part of a regulatory filing for the test, comes months after President Trump — in the middle of a redistricting push for new voting maps that could help Republicans keep control of the U.S. House of Representatives — put out a call on social media for a "new" census that would, for the first time in U.S. history, exclude millions of people living in the country without legal status. Sponsor Message In Congress, a growing number of Republican lawmakers are backing similar controversial proposals to leave out some or all non-U.S. citizens from a set of census numbers used to determine each state's share of congressional seats and Electoral College votes. According to the 14th Amendment, those census apportionment counts must include the "whole number of persons in each state." And in federal court, multiple GOP-led states have filed lawsuits seeking to force the bureau to subtract residents without legal status and those with immigrant visas from those counts. Missouri's case goes further by calling for their exclusion from all census counts, including those for distributing federal dollars for public services in local communities. Results from the 2026 test are not expected to be used to redistribute political representation. Instead, the test is designed to inform preparations for the next once-a-decade head count in 2030, which include a report on the planned question topics that is due to Congress in 2027. The planned questionnaire for the test comes from an annual Census Bureau survey that is much longer than recent forms for the national tally. It's not clear why the bureau is using the American Community Survey to test methods for the census. Spokespeo...
halbergman/iStock via Getty Images Investment Thesis Mach Natural Resources ( MNR ) provides an opportunity to benefit from rising commodity prices with limited downside. The PE-controlled MLP employs a strategy of purchasing mature, low-decline assets at a discount and returning the resulting cash flow to investors through distributions. Mach’s stated leverage target (below 1x EBITDA) limits bank...
halbergman/iStock via Getty Images Investment Thesis Mach Natural Resources ( MNR ) provides an opportunity to benefit from rising commodity prices with limited downside. The PE-controlled MLP employs a strategy of purchasing mature, low-decline assets at a discount and returning the resulting cash flow to investors through distributions. Mach’s stated leverage target (below 1x EBITDA) limits bankruptcy risk, and its focus on natural gas gives investors the opportunity to benefit from growing demand from power generation and LNG exports. Business Plan To understand the business today, it’s helpful to briefly review how it got to this point. Mach was founded by Tom Ward in 2017. Ward helped pioneer shale oil and gas production and was the co-founder of both Chesapeake Energy (along with Aubrey McClendon) and Sandridge Energy ( SD ). A study of his career may reasonably inspire both confidence and skepticism. Points against include allegations of self-dealing and the fact that both Chesapeake and Sandridge eventually went bankrupt. Looked at more positively, however, you might note that Ward left Chesapeake well before its fateful period of unrestrained growth and has shown good instincts early (though perhaps not late) in oil and gas commodity cycles. After being forced out at Sandridge , Tom Ward founded Mach Natural Resources as a bet on the Mississippi Lime formation in Northern Oklahoma/Southern Kansas. Some of his first moves were actually to buy proved, developed, producing ( PDP ) wells from his former company. The Mississippi Lime has been described as an “ unconventional conventional ” formation. The play lies at a fairly shallow depth, and its carbonate density tends to be more permeable. These two factors reduce the amount of drilling horsepower required to navigate through rock, reducing drilling costs. But production can vary widely and unpredictably between wells. Wells here are also prone to excess water production , which creates a costly disposal iss...
Just months ago, Kalshi Inc. lagged far behind FanDuel and DraftKings — the dominant players in US sports betting. Now, ahead of the Super Bowl, the crown jewel of the gambling calendar, the upstart prediction market has pulled far ahead, at least by one key metric: monthly app downloads. In January, Kalshi was downloaded 3 million times, more than four times the tally for either DraftKings Inc. o...
Just months ago, Kalshi Inc. lagged far behind FanDuel and DraftKings — the dominant players in US sports betting. Now, ahead of the Super Bowl, the crown jewel of the gambling calendar, the upstart prediction market has pulled far ahead, at least by one key metric: monthly app downloads. In January, Kalshi was downloaded 3 million times, more than four times the tally for either DraftKings Inc. or FanDuel, a US unit of Flutter Entertainment Plc — and more than either of those companies even during their fastest periods of growth — according to the data firm Apptopia. “Three million downloads in a single month is a feat that no other sportsbook app, real money gaming app, or fantasy sports app has ever hit in the United States,” said Tom Grant, the vice president of research at Apptopia. Back in August, at the start of football season, Kalshi registered less than a third as many downloads as those gambling giants, Apptopia data shows. The snapshot offers only a partial view of a still-forming industry. Kalshi’s growth is accelerating from a modest initial footprint, having only begun taking sports wagers early last year. Kalshi’s main rival, Polymarket has mostly operated overseas and has just recently re-entered the US. It has been running behind both Kalshi and the traditional gambling apps in the Apptopia data. The download dynamics point to the speed with which Kalshi is disrupting the gambling industry as it uses its federally regulated exchange to offer sports betting nationwide, not just in states where online wagers have been legalized. The industry anticipates that a record $1.76 billion will be wagered on the contest this Sunday between the Seattle Seahawks and the New England Patriots — up 29% from last year’s game, according to the American Gaming Association. Read More: Casino Group Forecasts a Record $1.76 Billion in Super Bowl Bets But Kalshi and a handful of smaller competitors have been growing much faster. Ed Birkin, a senior analyst at H2 Gambling...
Some Public Health Service officers quit rather than serve in ICE detention centers toggle caption Stephen Smith/AP In 2025, as immigrant arrests by U.S. Immigration and Customs Enforcement soared, so did the demand for health care providers to staff hastily constructed detention centers. One group tapped to meet the need is the U.S. Public Health Service, or USPHS: In the past year, nearly 400 of...
Some Public Health Service officers quit rather than serve in ICE detention centers toggle caption Stephen Smith/AP In 2025, as immigrant arrests by U.S. Immigration and Customs Enforcement soared, so did the demand for health care providers to staff hastily constructed detention centers. One group tapped to meet the need is the U.S. Public Health Service, or USPHS: In the past year, nearly 400 officers have done monthlong tours helping to provide basic medical care to detainees at ICE facilities nationwide, according to a USPHS employee who reviewed a roster of staff deployments. The deployed officers include nurses, doctors, pharmacists, and other medical professionals. A growing number say these ICE assignments are not what they signed up for. Life-threatening delays in getting medicine and care to detainees, chaotic screenings, and overcrowded yet understaffed conditions have pushed some medical professionals to quit. Sponsor Message "We have been tasked with protecting and promoting health, and instead, we are being asked to facilitate inhumane operations," said Rebekah Stewart, a nurse practitioner who left the service in October. Many Americans have never heard of the USPHS. It's made up of around 5,000 uniformed, non-combatant officers, mostly health professionals, who work day jobs at federal agencies like the Indian Health Service, the Food and Drug Administration, and the Centers for Disease Control and Prevention. Its members often deploy to humanitarian crises affecting Americans — natural disasters, disease outbreaks, and the like. Although officers see most of those missions as just part of the job, their latest assignments are landing differently. Some officers report such severe moral distress before and during deployment to immigrant detention facilities that they've quit the service altogether — and some of those who've stayed feel deeply conflicted about continuing to serve the agency. NPR spoke with 12 current or former Public Health Service off...
Chevron got off to a strong start in 2026. Shares of Chevron (CVX 1.78%) started this year by rallying 16.1% in January. That easily surpassed the S&P 500's 1.4% rise. Oil prices helped fuel that rally. However, crude oil wasn't the only catalyst sending Chevron stock higher last month. Oil ends its slump Oil prices rebounded in January. WTI, the U.S. oil price benchmark, rallied 14%, while Brent,...
Chevron got off to a strong start in 2026. Shares of Chevron (CVX 1.78%) started this year by rallying 16.1% in January. That easily surpassed the S&P 500's 1.4% rise. Oil prices helped fuel that rally. However, crude oil wasn't the only catalyst sending Chevron stock higher last month. Oil ends its slump Oil prices rebounded in January. WTI, the U.S. oil price benchmark, rallied 14%, while Brent, the global benchmark, soared 16%. That marked the first monthly gain in crude prices in six months. Rising oil prices provide a lift to oil company profitability. As a result, higher prices fueled a rally in most oil stocks last month. Supply concerns were the main catalysts fueling oil prices last month. The U.S. captured former Venezuelan President Nicolás Maduro in early January and charged him with narcoterrorism. This event could affect oil flows due to the country's large oil reserves. Additionally, tensions with Iran have grown, which could also impact oil flows. Expand NYSE : CVX Chevron Today's Change ( -1.78 %) $ -3.23 Current Price $ 178.00 Key Data Points Market Cap $365B Day's Range $ 177.43 - $ 180.14 52wk Range $ 132.04 - $ 182.59 Volume 175K Avg Vol 10M Gross Margin 13.79 % Dividend Yield 3.77 % Chevron could benefit from the changes in Venezuela. The company has operated in the country for over 100 years and could help rebuild its oil infrastructure to increase output. Capping off a strong year While oil prices were a big driver of Chevron stock last month, they weren't the only catalyst. The oil giant also reported strong fourth-quarter financial results late last month. It was a strong year for the oil company. While its earnings declined compared to 2024 due to lower oil prices, Chevron delivered record production volumes, fueled by its acquisition of Hess and recently completed expansion projects. That helped drive higher operating cash flow compared to the prior year and industry-leading free cash flow growth. That strong cash flow enabled Chevron to ...
Back in 2022, astronomers were puzzled by a so-called “ tidal disruption event ” (TDE), dubbed AT2018hyz , that had faded when it was first noticed three years earlier, only to unexpectedly reanimate and burp out extremely bright radio waves. University of Oregon astrophysicist Yvette Cendes, a co-author of that 2022 paper, dubbed the black hole “Jetty McJetface” (a nod to the 2016 online British ...
Back in 2022, astronomers were puzzled by a so-called “ tidal disruption event ” (TDE), dubbed AT2018hyz , that had faded when it was first noticed three years earlier, only to unexpectedly reanimate and burp out extremely bright radio waves. University of Oregon astrophysicist Yvette Cendes, a co-author of that 2022 paper, dubbed the black hole “Jetty McJetface” (a nod to the 2016 online British competition to name a research vessel Boaty McBoatface ). Astronomers have continued to monitor it ever since. Far from fading again, the TDE has grown 50 times brighter, and that brightness continues to increase. The black hole's energy emission might not peak until 2027, according to a new paper published in the Astrophysical Journal. As we've previously discussed , it’s a popular misconception that black holes behave like cosmic vacuum cleaners , ravenously sucking up any matter in their surroundings. In reality, only stuff that passes beyond the event horizon—including light—is swallowed up and can’t escape, although black holes are also messy eaters. That means that part of an object’s matter is actually ejected out in a powerful jet. Read full article Comments
KanawatTH Richard Farr, chief market strategist and partner at Pivotus Partners, has issued a stark prediction for Bitcoin ( BTC-USD ), setting a price target of zero for the cryptocurrency. “Our BTC price target is 0.0. That’s not just for shock factor. It’s where the math takes us,” the strategist said, noting that Bitcoin ( BTC-USD ) has failed to function as a dollar hedge and instead operates...
KanawatTH Richard Farr, chief market strategist and partner at Pivotus Partners, has issued a stark prediction for Bitcoin ( BTC-USD ), setting a price target of zero for the cryptocurrency. “Our BTC price target is 0.0. That’s not just for shock factor. It’s where the math takes us,” the strategist said, noting that Bitcoin ( BTC-USD ) has failed to function as a dollar hedge and instead operates as “a speculative instrument correlated to the Nasdaq.” According to Farr, the cryptocurrency faces insurmountable obstacles in gaining institutional adoption or serving as a legitimate medium of exchange. “No serious central bank will ever own something where Michael Saylor controls the float,” he said on X, referring to the Strategy ( MSTR ) executive who has accumulated massive bitcoin holdings. The strategist also criticized Bitcoin’s environmental impact, stating that miners “are bleeding cash” while the network remains “horribly inefficient as a transaction processor and wastes tremendous amounts of energy.” Farr’s assessment aligns with warnings from Michael Burry, the investor known for predicting the 2008 financial crisis, who cautioned that falling Bitcoin ( BTC-USD ) prices could trigger a self-reinforcing “death spiral.” Burry noted that Bitcoin, down more than 40% from its October peak, is now “exposed as a completely speculative asset” that does not qualify as a debasement hedge like gold ( XAUUSD:CUR ) or silver ( XAGUSD:CUR ). “Sickening scenarios have now come within reach,” the investor wrote in a Substack post. The speculative nature of Bitcoin ( BTC-USD ) has been amplified by its correlation with traditional markets, according to Burry, who noted that BTC’s correlation with the S&P 500 ( SP500 ) has reached 0.50. He warned that if prices fall another 10%, Strategy ( MSTR ) would be billions in the red and could “find capital markets essentially closed.” Spot ETFs, he added, “have only boosted Bitcoin’s speculative nature” while increasing the token’s t...