May was an eventful month for exercise equipment and services specialist Peloton Interactive (NASDAQ: PTON) . The company's stock, beaten down considerably on declines in its all-important subscriber count and a clutch of bottom-line losses, staged a comeback in May. It rose by more than 17% that month, on the back of a flip into profitability in its latest quarter, and other positive factors such...
May was an eventful month for exercise equipment and services specialist Peloton Interactive (NASDAQ: PTON) . The company's stock, beaten down considerably on declines in its all-important subscriber count and a clutch of bottom-line losses, staged a comeback in May. It rose by more than 17% that month, on the back of a flip into profitability in its latest quarter, and other positive factors such as its inclusion on an important stock index. The first major newsworthy event in May for Peloton was the release of its fiscal third-quarter 2026 figures. For the period, the company boosted revenue by 1% year over year to $631 million. Net income under generally accepted accounting principles (GAAP) came in at over $26 million ($0.06 per share), quite a dramatic change from the year-ago loss of nearly $48 million. Image source: Getty Images. Continue reading
Indonesia’s agriculture minister has asked police to investigate hundreds of palm oil companies that failed to pay farmers more as prices recovered from a slump driven by the country’s new export policy. The ministry has received reports on 270 to 300 firms that have not adjusted their prices over the past few days and has submitted the information to police, including special crime units, Ministe...
Indonesia’s agriculture minister has asked police to investigate hundreds of palm oil companies that failed to pay farmers more as prices recovered from a slump driven by the country’s new export policy. The ministry has received reports on 270 to 300 firms that have not adjusted their prices over the past few days and has submitted the information to police, including special crime units, Minister Amran Sulaiman said after meeting with local government officials, the palm oil industry association and farmers groups on Monday. Sulaiman said he’d asked the police to carry out proper investigations before taking any enforcement action. Most of Indonesia’s around 1,900 palm oil companies have increased the prices paid to farmers, he said. The move is another instance of the government intervening in the palm oil market after it announced late last month it would take control of some key commodity exports in a sweeping overhaul. Indonesian palm oil prices fell after the policy was announced on fears shipments would slow down and stockpiles would swell, but have since recouped most of the losses. All parties at the meeting agreed there should be no further decline in Indonesian palm oil prices, Sulaiman said. “There are around 15 million farmers, and we cannot allow them to suffer losses,” he said, adding that the weakening rupiah should be beneficial for exports and farmers. Read More: Indonesia’s Radical Export Plan Takes Effect as Doubts Swirl Prices of fresh fruit bunches were about 3,800 rupiah ($0.21) a kilogram before the policy was announced on May 20, according to a farmers group. They subsequently fell as low as 1,500 rupiah, before recovering to 3,400 rupiah on Friday. Benchmark palm oil futures in Kuala Lumpur also dropped after the export policy was announced on the prospect of Indonesian producers rushing to sell before the new system fully takes effect. They’ve since recovered from those losses, and climbed as much as 1% to 4,599 ringgit ($1,130) a ton on ...
Visionaries General Partner Judith Dada joins Bloomberg's Tom Mackenzie to kick off London Tech Week as part of Bloomberg's The Opening Trade. (Source: Bloomberg)
Visionaries General Partner Judith Dada joins Bloomberg's Tom Mackenzie to kick off London Tech Week as part of Bloomberg's The Opening Trade. (Source: Bloomberg)
NguyenDucQuang/iStock Editorial via Getty Images The last time I reviewed Garmin Ltd. ( GRMN ) was in late 2025 where despite liking the diversity of revenue sources and strong growth in the company’s Fitness segment, I couldn’t justify the high valuation; thus, I landed on a “Hold” rating. Since that article, Garmin is up nearly 20%, which is nearly double the S&P 500's return during that same ti...
NguyenDucQuang/iStock Editorial via Getty Images The last time I reviewed Garmin Ltd. ( GRMN ) was in late 2025 where despite liking the diversity of revenue sources and strong growth in the company’s Fitness segment, I couldn’t justify the high valuation; thus, I landed on a “Hold” rating. Since that article, Garmin is up nearly 20%, which is nearly double the S&P 500's return during that same time frame. So far in 2026, Garmin is up over 17% YTD. Let’s dive into the current quarter as I discuss Garmin’s recent financials as well as provide updates to their various business segments. Lastly, I’ll touch on Garmin’s valuation and give my two cents. Fitness Segment Continues to Shine Brightest As I've previously mentioned, Garmin has five different reporting segments, which are Fitness, Outdoor, Aviation, Marine, And Auto OEM. Overall, Garmin generated revenue of $1.75 billion, which was a record for Q1 revenue and was an increase of 14% compared to the prior year first quarter. As you can see below the company saw double-digit growth in three segments, with Fitness generating the largest increase: Investor Presentation Garmin recently launched several products with the Fitness segment, which CEO Clifton Pemble noted were connecting with consumers. Here’s what Pemble had to say on the company’s last earnings call : During the quarter, we launched the Varia RearVue 820, our brightest and most powerful radar tail light for cyclists. We expanded on-device messaging for select wearables with a new Connect IQ app that allows customers to read, reply and react to WhatsApp messages right from their wrist. We also announced that select wearables can now integrate with the highly acclaimed Natural Cycles birth control and cycle tracking app, empowering women to better understand and manage their reproductive health. Wearables in this segment (and overall from the business) continue to be a key contributor. Pemble went on to state that he believes growth in the Fitness segment ...
In recent years, several artificial intelligence (AI) stocks have delivered major gains and led the S&P 500 bull market higher. One of the most recognizable has been Nvidia , the world's No. 1 AI chip designer. But another company, for most of its history associated with government contracts, jumped into the limelight amid the AI boom. This player saw its government business continue to grow -- bu...
In recent years, several artificial intelligence (AI) stocks have delivered major gains and led the S&P 500 bull market higher. One of the most recognizable has been Nvidia , the world's No. 1 AI chip designer. But another company, for most of its history associated with government contracts, jumped into the limelight amid the AI boom. This player saw its government business continue to grow -- but it also developed a huge commercial business, resulting in major earnings gains. And the stock took off, soaring more than 800% over the past three years. I'm talking about Palantir Technologies (NASDAQ: PLTR) . Now, the only problem with this is that Palantir's valuation also climbed, and at its peak reached beyond 275x forward earnings estimates. Though future prospects looked bright, many analysts last year said Palantir was overvalued at these levels and potentially heading for declines. Today, however, Wall Street is calling for a gain of 30% for Palantir stock over the coming 12 months. Is this former highflier heading for a new era of gains? Let's find out. Continue reading
Panasonic Holdings said on Monday it plans to start mass production of battery cells for data centre applications at a plant in the U.S. state of Kansas in the financial year 2028, which ends March 2029. • Panasonic Energy also plans to build a third plant in Mexico with mass production scheduled for the fiscal year 2028. • Panasonic Energy CEO Kazuo Tadanobu said the unit's 950 billion yen ...
Panasonic Holdings said on Monday it plans to start mass production of battery cells for data centre applications at a plant in the U.S. state of Kansas in the financial year 2028, which ends March 2029. • Panasonic Energy also plans to build a third plant in Mexico with mass production scheduled for the fiscal year 2028. • Panasonic Energy CEO Kazuo Tadanobu said the unit's 950 billion yen sales target for data centre-related energy storage systems in the 2028 financial year was a "minimum commitment", adding that the business would aim to lift sales to more than 1 trillion yen.
Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Watch Odd Lots on YouTube Subscribe to the newsletter When we last spoke to Brannin McBee, the co-founder and chief development officer of cloud company Coreweave, his business was not yet public and sourcing GPUs was a key constraint on growth. But three years later, things look pretty different. CoreWeave IPOed and has been raisi...
Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Watch Odd Lots on YouTube Subscribe to the newsletter When we last spoke to Brannin McBee, the co-founder and chief development officer of cloud company Coreweave, his business was not yet public and sourcing GPUs was a key constraint on growth. But three years later, things look pretty different. CoreWeave IPOed and has been raising money in the bond market too, as well as signing more deals with chipmaker Nvidia. In fact, investors have basically been throwing money at all-things-AI. But there are persistent bottlenecks to further growth. Chip supply is still scarce, but so are transformers and electricity. In this episode, we catch up with Brannin on everything he's seeing in the market for compute right now, including leases, Nvidia’s new Vera Rubin systems, demand for training versus inference, and the possibility of standardizing the market for compute.
Chinese scientists who inserted a gene from desert moss into cotton say their innovation can boost yields by nearly a quarter through protection against a pervasive fungal disease that threatens crops worldwide. The team, led by researchers from the Chinese Academy of Sciences’ Xinjiang Institute of Ecology and Geography (XIEG), inserted a stress-resistance gene from a species of steppe moss that ...
Chinese scientists who inserted a gene from desert moss into cotton say their innovation can boost yields by nearly a quarter through protection against a pervasive fungal disease that threatens crops worldwide. The team, led by researchers from the Chinese Academy of Sciences’ Xinjiang Institute of Ecology and Geography (XIEG), inserted a stress-resistance gene from a species of steppe moss that thrives in the deserts of the Xinjiang Uygur autonomous region into cotton plants. The resulting...
The Pulitzer-winning author of Less has crafted a breezy confection of fish-out-of-water wit, insecurity and self-discovery set in an Italian paradise ‘There’s a place in Italy in need of someone. Why don’t you look into that?” Inspired by his two-year stint directing a writers’ residency, the Santa Maddalena Foundation outside Florence, with these words American author Andrew Sean Greer launches ...
The Pulitzer-winning author of Less has crafted a breezy confection of fish-out-of-water wit, insecurity and self-discovery set in an Italian paradise ‘There’s a place in Italy in need of someone. Why don’t you look into that?” Inspired by his two-year stint directing a writers’ residency, the Santa Maddalena Foundation outside Florence, with these words American author Andrew Sean Greer launches a hapless, clueless innocent into the Tuscan hills and the embrace of its eccentric aristocracy, in the person of the eponymous Coco, Baronessa Lisabetta. Variously known as “our young man”, Gio and Giovedi, Villa Coco’s narrator is here to fill the post of “adjutant” for the Baronessa. His duties include pruning roses, emptying drains, hunting the Baronessa’s mortal enemy, the pine marten, and cataloguing the dilapidated Villa Coco’s contents. Among the camel saddles and hat racks, he is assured, lurk priceless works of art, including a Picasso and a Botticelli. He joins a staff consisting of a Sri Lankan cook, her husband and a Lebanese factotum; they share in the sisyphean task of keeping Villa Coco going, and the Baronessa out of harm’s way. Continue reading...
It was once an article of faith that even those who speak words we disagree with deserve protection. As regards Palestine, that’s now not true Remember the Satanic Verses controversy? Remember “ Je suis Charlie ”? Remember the constant invocations of Voltaire and Orwell ? The great irony of our age is that many of the cadre of politicians who spent years anointing themselves as champions of free s...
It was once an article of faith that even those who speak words we disagree with deserve protection. As regards Palestine, that’s now not true Remember the Satanic Verses controversy? Remember “ Je suis Charlie ”? Remember the constant invocations of Voltaire and Orwell ? The great irony of our age is that many of the cadre of politicians who spent years anointing themselves as champions of free speech have become its most enthusiastic enemies when the subject turns to one issue: Palestine. For decades, western governments lectured the world about liberal values. They declared freedom of expression the hallmark of a liberal democratic society. Protest was deemed patriotic while the right to offend was considered sacred. Then came Gaza. Suddenly, the principles that we were once told were non-negotiable became highly negotiable indeed. Mehdi Hasan is the editor-in-chief and CEO of Zeteo The assault on freedom with Mehdi Hasan and Arwa Mahdawi At 7.30pm BST on Monday 8 June, join Mehdi Hasan and Arwa Mahdawi at a joint Zeteo/Guardian event to discuss the current seismic changes in geopolitics, the alarming rise of populism and nationalism, and its global implications. Only livestream tickets are now available. Book tickets here Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
The half-pint sleuth investigates another mystery with the franchise’s usual gorgeous cityscapes, sharply sketched characters and general brio Coming hard on the heels of last year’s One-Eyed Flashback comes the 29th cinema outing for Conan Edogawa (voiced by Minami Takayama), the gumshoe forced to occupy a kid’s body. In the meantime, the franchise seems to have turned into Akira : the first 10 m...
The half-pint sleuth investigates another mystery with the franchise’s usual gorgeous cityscapes, sharply sketched characters and general brio Coming hard on the heels of last year’s One-Eyed Flashback comes the 29th cinema outing for Conan Edogawa (voiced by Minami Takayama), the gumshoe forced to occupy a kid’s body. In the meantime, the franchise seems to have turned into Akira : the first 10 minutes opens not only with a seemingly phantom headless biker riding past Conan’s gang in the countryside, but then three more choppers tearing up a Yokohama freeway like an urban wall of death. The half-pint sleuth and pals are on their way to a motorcycle convention, where the star of the show is Chihaya (Miyuki Sawashiro), the auburn-tressed elite bike cop who was pursuing the felons. The real torque of the town, though, is the mysterious black superbike that harries other two-wheelers; Conan tags on surreptitiously in wide-eyed-schoolboy mode, as he does, while Chihaya continues her investigation. On one street corner, she makes a pitstop at a floral tribute where her old unit chief Asagi (Yuko Sanpei) caused the death of another suspect. Continue reading...