More than 9 million barrels a day of oil production from key Middle Eastern countries are expected to be shut in during April, according to estimates from the US government, as the war in Iran upends global energy markets. Iraq, Saudi Arabia, Kuwait, the United Arab Emirates, Qatar and Bahrain have collectively reduced 7.5 million barrels per day of crude production in March, according to the US E...
More than 9 million barrels a day of oil production from key Middle Eastern countries are expected to be shut in during April, according to estimates from the US government, as the war in Iran upends global energy markets. Iraq, Saudi Arabia, Kuwait, the United Arab Emirates, Qatar and Bahrain have collectively reduced 7.5 million barrels per day of crude production in March, according to the US Energy Information Administration’s Short-Term Energy Outlook . That number is set to reach 9.1 million barrels a day in April, the agency estimated. The figures are the latest sign that the war in Iran has become one of the worst disruptions to global energy markets in history as shipments through the critical Strait of Hormuz are severely curtailed. If the conflict draws to a close by the end of April, as the agency assumes, shut-ins will reduce to 6.7 million barrels per day in May, according to the report. By the end of late 2026, production would be expected to return near pre-conflict levels. President Donald Trump has issued an 8 pm ET deadline on Tuesday for Iran to reopen the Strait of Hormuz before the US begins attacks on critical infrastructure. Global buyers have increasingly turned to the US to fill the gap left by Middle Eastern counties, with American crude exports set to surge to records. US drillers are also expected to follow Trump’s call for higher oil production as prices surge to multi-year highs. The EIA now expects US crude production to climb further next year. The country’s output is expected to reach nearly 14 million barrels a day in 2027, up by 120,000 barrels a day from the last estimates in March.
One point in favor of the sprawling Linux ecosystem is its broad hardware support—the kernel officially supports everything from '90s-era PC hardware to Arm-based Apple Silicon chips, thanks to decades of combined effort from hardware manufacturers and motivated community members. But nothing can last forever, and for a few years now, Linux maintainers (including Linus Torvalds) have been pushing ...
One point in favor of the sprawling Linux ecosystem is its broad hardware support—the kernel officially supports everything from '90s-era PC hardware to Arm-based Apple Silicon chips, thanks to decades of combined effort from hardware manufacturers and motivated community members. But nothing can last forever, and for a few years now, Linux maintainers (including Linus Torvalds) have been pushing to drop kernel support for Intel's 80486 processor. This chip was originally introduced in 1989, was replaced by the first Intel Pentium in 1993, and was fully discontinued in 2007. Code commits suggest that Linux kernel version 7.1 will be the first to follow through, making it impossible to build a version of the kernel that will support the 486; Phoronix says that additional kernel changes to remove 486-related code will follow in subsequent kernel versions. Although these chips haven't changed in decades, maintaining support for them in modern software isn't free. Read full article Comments
Oddball Media/iStock via Getty Images HEICO Corporation ( HEI ), ( HEI.A ) shares have lost nearly 20% since my last report , substantially underperforming the S&P 500’s 5% loss. The broader aerospace and defense industry has also not fared well on the war developments in Iran, and as a leading MRO company and supplier, it is no surprise that the stock came under pressure. In this report, I provid...
Oddball Media/iStock via Getty Images HEICO Corporation ( HEI ), ( HEI.A ) shares have lost nearly 20% since my last report , substantially underperforming the S&P 500’s 5% loss. The broader aerospace and defense industry has also not fared well on the war developments in Iran, and as a leading MRO company and supplier, it is no surprise that the stock came under pressure. In this report, I provide a contrarian angle, as I believe that while potentially the pressures are real, there also are opportunities and partial shielding that the market seems to ignore. HEICO Underperformed Substantially Against Aerospace And Defense Peers Data by YCharts Looking at the return levels, we see that since my last report, HEICO shares lost 18.7% of their value, while the S&P 500 lost 4.6%, and the aerospace and defense ETF ITA lost 5.3%. So, it is clear that the company has underperformed substantially, even compared to the peer group. Why The Share Price Is Confusing The rationale for the share price decline is seemingly relatively simple. HEICO is a leading supplier and MRO (Maintenance, Repair & Overhaul) company to the aerospace and defense industry, and with high oil prices, airlines are inclined to cut flights, and economic growth supporting traffic growth may soften. Flights being cut is definitely not a hyperbolic statement; it is already happening as United Airlines cut some flights due to high oil prices. Furthermore, we note that HEICO has been valued at a premium to peers for a long time. The company has a median trading multiple of 37.5x EV/EBITDA at a time when peers traded at 23x EV/EBITDA. That suggests a 63% overvaluation. So, the share price decline looks a lot like a company being pulled back to reality. However, that viewpoint would be a stark oversimplification. One major reason for HEICO to trade at a premium to peers is that the company derives its growth through a combination of organic and inorganic growth opportunities. It is almost as if, by design, the ...
Ecosystems, the pioneer of the Customer Value Management (CVM) category, is excited to announce the appointment of Paige O'Neill, Chief Marketing Officer at Culture Amp, to its Board of Directors.
Ecosystems, the pioneer of the Customer Value Management (CVM) category, is excited to announce the appointment of Paige O'Neill, Chief Marketing Officer at Culture Amp, to its Board of Directors.
Sam Walton never forgot who the top dog in his operation was. “There is only one boss: the customer,” the Wal-Mart (WMT) co-founder once said. “And he can fire everybody in the company, from the chairman on down, simply by spending his money somewhere else.” Customers have been spending their money ...
Sam Walton never forgot who the top dog in his operation was. “There is only one boss: the customer,” the Wal-Mart (WMT) co-founder once said. “And he can fire everybody in the company, from the chairman on down, simply by spending his money somewhere else.” Customers have been spending their money ...
metamorworks The current oil shock stemming from the Iran war is fundamentally different from past crises because the world has entered it with unprecedented levels of debt and deficits, Ruchir Sharma, chairman of Rockefeller International, warned in an interview with CNBC. While the IEA has said this crisis is worse than those of 1973, 1979, and 2022 combined, Sharma argues the economic angle pre...
metamorworks The current oil shock stemming from the Iran war is fundamentally different from past crises because the world has entered it with unprecedented levels of debt and deficits, Ruchir Sharma, chairman of Rockefeller International, warned in an interview with CNBC. While the IEA has said this crisis is worse than those of 1973, 1979, and 2022 combined, Sharma argues the economic angle presents an even more troubling picture that will severely limit how governments can respond. Sharma pointed to specific fiscal metrics that underscore the challenge facing developed economies. The average budget deficit among developed countries sits at nearly 4% of GDP, with the U.S. leading at close to 6%—a figure that could climb to 7% this year. Government debt levels have also reached historic highs, exceeding 100% of GDP in America and other developed nations. These elevated debt levels mean governments lack the fiscal flexibility to shield their economies from the shock. “Never before has the world entered any sort of a crisis with such high debt and deficit levels,” Sharma said, adding that “this is going to limit the ability of governments to cushion the economic impact.” The bond market’s behavior during this crisis has been notably unusual. Rather than falling as investors seek safe havens, bond yields have risen—not because of inflation expectations, which remain relatively anchored, but because of mounting concerns about debt sustainability and the rising term premium. Sharma identified specific warning signs that some fiscal “red lines” are being crossed. Most notably, the interest expense on U.S. debt now exceeds the entire defense budget, a metric that has historically signaled trouble for major global powers facing economic turmoil. The implications grow more severe the longer the disruption continues. “The longer this lasts, the more problematic that becomes,” Sharma warned, emphasizing that the combination of unprecedented debt burdens and limited governmen...
Furniture industry players like FLXS and HOFT are evolving with digital innovation, e-commerce growth and rising demand for multifunctional furniture amid uncertainties.
Furniture industry players like FLXS and HOFT are evolving with digital innovation, e-commerce growth and rising demand for multifunctional furniture amid uncertainties.
Dublin, April 07, 2026 (GLOBE NEWSWIRE) -- The "AI Data Center Energy Storage - How Workload Volatility and Grid Bottlenecks Are Creating a $4-6 Billion Market (2025-2030)" has been added to ResearchAndMarkets.com's offering. The global energy storage market for AI data centers is poised to achieve $4.1-6.0 billion in annual revenue by 2030, experiencing a 28-38% compound annual growth rate from a...
Dublin, April 07, 2026 (GLOBE NEWSWIRE) -- The "AI Data Center Energy Storage - How Workload Volatility and Grid Bottlenecks Are Creating a $4-6 Billion Market (2025-2030)" has been added to ResearchAndMarkets.com's offering. The global energy storage market for AI data centers is poised to achieve $4.1-6.0 billion in annual revenue by 2030, experiencing a 28-38% compound annual growth rate from approximately $1.2 billion in 2025. This expansion is two to three times larger than prior UPS-centri
The ongoing scandal involving SuperMicro Computer Inc. poses a significant challenge to its longstanding partnership with Nvidia, but the impact may not be too harsh, says one expert. Sachin Ohal, CTO at International Systems Technologies, told Fortune that Nvidia's reputation won't affect chip sales, and Supermicro customers' vendor choices are separate from the ongoing smuggling allegations. Cus...
The ongoing scandal involving SuperMicro Computer Inc. poses a significant challenge to its longstanding partnership with Nvidia, but the impact may not be too harsh, says one expert. Sachin Ohal, CTO at International Systems Technologies, told Fortune that Nvidia's reputation won't affect chip sales, and Supermicro customers' vendor choices are separate from the ongoing smuggling allegations. Customers leaving Supermicro face a 3–6 month transition involving board-level vendor reviews, cybersec
Apple stock was falling Tuesday after a report said the tech giant could be facing delays in launching its highly anticipated foldable iPhone. The Apple release has been expected for months, but customers and investors might have to wait a little longer, according to a report by Nikkei Asia. Apple is dealing with issues in the engineering test phase of the foldable iPhone, which could lead to dela...
Apple stock was falling Tuesday after a report said the tech giant could be facing delays in launching its highly anticipated foldable iPhone. The Apple release has been expected for months, but customers and investors might have to wait a little longer, according to a report by Nikkei Asia. Apple is dealing with issues in the engineering test phase of the foldable iPhone, which could lead to delays in its production and shipment schedule, Nikkei Asia reported, citing sources familiar.
baileystock/iStock Editorial via Getty Images Setting The Stage As I write this article (6 th April, 2026), Tesla, Inc. ( TSLA ) is commanding a market cap of about $1.35 trillion. This translates to a trailing P/E ratio of 335.12x and a forward multiple of about 174.57x on a consensus EPS of $2.06 by 2026. YCharts In my view, this stock is not just expensive but also priced for a future version t...
baileystock/iStock Editorial via Getty Images Setting The Stage As I write this article (6 th April, 2026), Tesla, Inc. ( TSLA ) is commanding a market cap of about $1.35 trillion. This translates to a trailing P/E ratio of 335.12x and a forward multiple of about 174.57x on a consensus EPS of $2.06 by 2026. YCharts In my view, this stock is not just expensive but also priced for a future version that is yet to materialize and might never appear. The present reality is one of a cascading series of delivery misses and deepening brand damages and intensifying competition. In this article, I lay out a comprehensive multifactor bear thesis using a three scenario DCF framework anchored on realistic operational scenarios. My model factors the latest delivery data, brand research and competitive landscape. Valuation: A Tower On Loose Soil I will start with the numbers that give me and possibly any other investor a pause. The company’s trailing P/E of about 335x on a trailing EPS of just 1.08x sits substantially higher than its 5-year average of 188.24x. Looking at it against the top automakers average P/E of approximately 22.9x , it clearly shows that this company is overly overvalued. To justify its current value of $360.59 per share, TSLA needs a flawless execution on every optionality embedded on its valuation. Be it the Full Self Driving[FSD] at scale, a profitable Robotaxi network, and a meaningful Optimus humanoid robot revenue all within a five year projection window. I used a three scenario DCF model as shown below to illustrate this empirically. Author Model Assumptions In my valuation, I assumed a discount rate of 9%, which is within range of the estimated WACC of Tesla by Value Investing . Value Investing This is a reflection of the company’s high beta of 1.94 and a business risk from margin compression and demand uncertainty as I will discuss in the succeeding sections. I used a terminal growth rate of 3% which matches the long-term nominal GDP growth which is a...
baileystock/iStock Editorial via Getty Images Setting The Stage As I write this article (6 th April, 2026), Tesla, Inc. ( TSLA ) is commanding a market cap of about $1.35 trillion. This translates to a trailing P/E ratio of 335.12x and a forward multiple of about 174.57x on a consensus EPS of $2.06 by 2026. YCharts In my view, this stock is not just expensive but also priced for a future version t...
baileystock/iStock Editorial via Getty Images Setting The Stage As I write this article (6 th April, 2026), Tesla, Inc. ( TSLA ) is commanding a market cap of about $1.35 trillion. This translates to a trailing P/E ratio of 335.12x and a forward multiple of about 174.57x on a consensus EPS of $2.06 by 2026. YCharts In my view, this stock is not just expensive but also priced for a future version that is yet to materialize and might never appear. The present reality is one of a cascading series of delivery misses and deepening brand damages and intensifying competition. In this article, I lay out a comprehensive multifactor bear thesis using a three scenario DCF framework anchored on realistic operational scenarios. My model factors the latest delivery data, brand research and competitive landscape. Valuation: A Tower On Loose Soil I will start with the numbers that give me and possibly any other investor a pause. The company’s trailing P/E of about 335x on a trailing EPS of just 1.08x sits substantially higher than its 5-year average of 188.24x. Looking at it against the top automakers average P/E of approximately 22.9x , it clearly shows that this company is overly overvalued. To justify its current value of $360.59 per share, TSLA needs a flawless execution on every optionality embedded on its valuation. Be it the Full Self Driving[FSD] at scale, a profitable Robotaxi network, and a meaningful Optimus humanoid robot revenue all within a five year projection window. I used a three scenario DCF model as shown below to illustrate this empirically. Author Model Assumptions In my valuation, I assumed a discount rate of 9%, which is within range of the estimated WACC of Tesla by Value Investing . Value Investing This is a reflection of the company’s high beta of 1.94 and a business risk from margin compression and demand uncertainty as I will discuss in the succeeding sections. I used a terminal growth rate of 3% which matches the long-term nominal GDP growth which is a...
The Diamond Hill Large Cap Concentrated ETF is seeing unusually high volume in afternoon trading Tuesday, with over 88,000 shares traded versus three month average volume of about 30,000. Shares of DHLX were down about 0.8% on the day. Components of that ETF with the highest v
The Diamond Hill Large Cap Concentrated ETF is seeing unusually high volume in afternoon trading Tuesday, with over 88,000 shares traded versus three month average volume of about 30,000. Shares of DHLX were down about 0.8% on the day. Components of that ETF with the highest v