Prosus NV reached a multi-year cloud and artificial-intelligence deal with an Amazon.com Inc. unit that will consolidate contracts in these spheres, resulting in double-digit cost savings. The three-year pact with Amazon Web Services runs into “hundreds of millions of dollars,” Head of Prosus Ecosystem Igor Cardoso said in an interview, declining to disclose the exact value of the deal. Under Chie...
Prosus NV reached a multi-year cloud and artificial-intelligence deal with an Amazon.com Inc. unit that will consolidate contracts in these spheres, resulting in double-digit cost savings. The three-year pact with Amazon Web Services runs into “hundreds of millions of dollars,” Head of Prosus Ecosystem Igor Cardoso said in an interview, declining to disclose the exact value of the deal. Under Chief Executive Officer Fabricio Bloisi , the group is reorganizing itself to focus on Europe, India and Latin America, developing AI capabilities to fast-track and scale its businesses in the three regions to double its value by 2028. “The strategy is to roll out our large commerce model across Latin America,” where it has Brazilian food delivery and logistics operator iFood, travel business Despegar, and online classifieds firm OLX, said Cardoso. “Then we plan to also do this in Europe and then in India in time.” While the businesses aren’t able to share data across regions, standardizing the models makes it easier and faster to build them in new jurisdictions, said Cardoso. Prosus has a team of about 1,000 AI specialists who will work with their counterparts at Amazon to co-create applications, Cardoso said, adding that the group is investing about $100 million annually in AI talent and infrastructure. “In the past 18 to 24 months, we’ve built and deployed agents across our businesses,” Cardoso said. “We are now building and investing in life assistants to support these businesses.” Cape Town-based Naspers, which built its fortune through an early investment in Chinese giant Tencent Holdings Ltd., spun Prosus off in 2019 as part of the South African company’s plan to focus on its internet businesses. Naspers bought a 46% stake in Tencent in 2001 for $32 million, and its remaining 23% holding in the WeChat parent is worth close to $156 billion now. Bloisi is working to increase the profitability and scale of the rest of Prosus’ businesses through deals including the purchase ...
J Studios/DigitalVision via Getty Images After the bell on Tuesday, we received fourth-quarter results from Lumen Technologies ( LUMN ). The company is in the midst of a major turnaround, divesting legacy assets while looking to power the artificial intelligence ("AI") revolution. In the end, Lumen reported decent Q4 results and gave a solid forecast for this year, continuing the progress made in ...
J Studios/DigitalVision via Getty Images After the bell on Tuesday, we received fourth-quarter results from Lumen Technologies ( LUMN ). The company is in the midst of a major turnaround, divesting legacy assets while looking to power the artificial intelligence ("AI") revolution. In the end, Lumen reported decent Q4 results and gave a solid forecast for this year, continuing the progress made in recent quarters. Previous Coverage of the Name Back in January, I looked at the major questions that were facing Lumen when it came to 2026. The first of which was the timing of the large fiber sale to AT&T ( T ), a deal that actually just closed earlier this week . While that divestiture was likely to lower the company's overall revenue base, it was also bringing in much-needed capital to reduce Lumen's debt pile. Since that article, Lumen shares have rallied by 3.9% to Tuesday's close, doing a bit better than the S&P 500, which has declined by 0.7%. A Look at the Q4 Results For the December period, revenues came in at $3.041 billion, in line with street estimates, and down from $3.329 a year earlier. Public sector revenues and the wholesale segment were the main drags, with mass market revenues also showing a meaningful decline. After nearing an annual peak of nearly $24 billion in 2018, total revenues last year came in at just over $12.4 billion for 2025, with a further decline expected after the sale to AT&T. Hopefully, we should be only a year or so away from the revenue situation starting to improve in a meaningful way, unless there are any more major asset sales. As the graphic below from its earnings presentation shows, Lumen is putting in place the infrastructure needed to help power all these data centers that companies need. The company is looking to have 47 million intercity fiber miles by the end of 2028, excluding expanding metro fiber miles, up from 17 million at the end of last year. During Q4, Lumen signed another $2.5 billion in private connectivity fabric...
"It is failing victims. It is failing witnesses, and on top of that, it's not even good for defendants who wish to challenge the allegations made against them, but whose lives are equally on hold waiting for the court date to appear.
"It is failing victims. It is failing witnesses, and on top of that, it's not even good for defendants who wish to challenge the allegations made against them, but whose lives are equally on hold waiting for the court date to appear.
lucky-photographer Federal Reserve Governor Stephen Miran has resigned as chair of the White House’s Council of Economic Advisers, bringing an end to his dual role at both institutions. Miran had been on unpaid leave from his CEA post since President Donald Trump appointed him last year to fill an unexpected vacancy on the Fed's Board of Governors for a term that expired January 31. “I promised th...
lucky-photographer Federal Reserve Governor Stephen Miran has resigned as chair of the White House’s Council of Economic Advisers, bringing an end to his dual role at both institutions. Miran had been on unpaid leave from his CEA post since President Donald Trump appointed him last year to fill an unexpected vacancy on the Fed's Board of Governors for a term that expired January 31. “I promised the Senate that if I should stay on the board past January, I would formally depart the council,” Miran said in his resignation letter dated Tuesday and reviewed by Reuters. “I believe it is important to stay true to my word while I continue to perform the job at the Federal Reserve to which you and the Senate appointed me.” The White House had no immediate comment on whether Pierre Yared, now the CEA's acting chair, would be named to the top post permanently. More on markets, etc. What does Stephen Miran have to do with the appointment of a new Fed Chair? Dow Jones And U.S. Index Outlook: Major Rotation Flows And Drops How I Use XLB As A Leading Indicator For S&P 500 Kevin Warsh: Hawk, Dove... Or Something Else Entirely? Morgan Stanley flags near-term risk-off signal but stays overweight U.S. equities
The Indo-US Trade Deal Might Sharply Shift The Direction Of The Global Systemic Transition Authored by Andrew Korybko, Trump unexpectedly announced an Indo-US trade deal on Monday whereby US tariffs on Indian imports will drop to 18% while India will reduce its tariffs on US imports to zero. He also said that Modi agreed to stop buying Russian oil, which he’ll replace with US and possibly Venezuel...
The Indo-US Trade Deal Might Sharply Shift The Direction Of The Global Systemic Transition Authored by Andrew Korybko, Trump unexpectedly announced an Indo-US trade deal on Monday whereby US tariffs on Indian imports will drop to 18% while India will reduce its tariffs on US imports to zero. He also said that Modi agreed to stop buying Russian oil, which he’ll replace with US and possibly Venezuelan oil , while also pledging to buy $500 billion of American energy, technology, agricultural goods, coal, and other products. For his part, Modi confirmed that a deal had indeed been reached, but he didn’t confirm the details. If Trump accurately conveyed them, and he was reportedly wrong in claiming late last year that India had already stopped buying Russian oil, then the Indo-US trade deal would certainly be historic . For starters, a little less than half of the Indian population ( 42% ) is employed in the agricultural industry, so tariff-free US imports of such products could ruin some of their livelihoods and lead to these rural folk moving to the cities. The potential socio-economic turbulence could lead to political unrest if improperly managed. That could be offset if more investment from the US and the EU, which reached a trade deal with India last month, provides new employment opportunities. While a gamble, Modi might have calculated that it’s worth taking these risks for macroeconomic, regional security, and geo-economic reasons. The first aims to turbocharge India’s GDP growth , which was already expected to be 7.4% this year despite the US’ 50% tariffs at the time, thus helping it become the world’s third-largest economy by 2030 or earlier. As for the regional security dimension, this relates to restoring India’s role as the US’ top South Asian partner via economic diplomacy after rival Pakistan replaced it last year, thus averting the scenario of the US weaponizing Pakistan and their shared junior Bangladeshi partner as proxies for derailing India’s rise . ...
Key Points Aerovironment has been one of the top growth stocks in the defense sector. President Trump proposed expanding the military budget from $1 trillion to $1.5 trillion. These 10 stocks could mint the next wave of millionaires › Shares of drone-maker Aerovironment (NASDAQ: AVAV) were on the move last month as the stock soared in the first half of January before giving up most of those gains ...
Key Points Aerovironment has been one of the top growth stocks in the defense sector. President Trump proposed expanding the military budget from $1 trillion to $1.5 trillion. These 10 stocks could mint the next wave of millionaires › Shares of drone-maker Aerovironment (NASDAQ: AVAV) were on the move last month as the stock soared in the first half of January before giving up most of those gains in the second half of the month. Early on in January, AV, as the company is also known, benefited from a social media post from President Trump proposing to expand the 2027 military budget from $1 trillion to $1.5 trillion. A proposed ban on Chinese drones from the FCC in December also seemed to give AV a boost heading into January, though the government withdrew those plans later on in the month. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » According to data from S&P Global Market Intelligence, the stock finished the month up 15%. As you can see from the chart below, it was a roller coaster month for Aerovironment. What happened with Aerovironment After soaring through 2025 on broader excitement in the drone sector, Aerovironment got off to a strong start in January. The stock gained in each of the first seven sessions of the month, and the stock jumped 8% on Trump's post about expanding the military budget, as AV is primarily a defense stock, though drones have a wide range of applications. After peaking on Jan. 16, the stock began a decline, which was sparked by a stop work order being issued by the U.S. government for the delivery of BADGER phased array antenna systems to support the Satellite Communication Augmentation Resource, or "SCAR" program. Towards the end of the month, Aerovironment seemed to pull back on a broader sell-off in software and tech stocks. What's next for Aerovironment For an emerging technology growth company, Aerovironment ...
China’s major gold-backed exchange-traded funds recorded their biggest ever daily outflows – nearly $1 billion combined – with investor confidence rattled by the metal’s abrupt pullback from an all-time high. Mainland China’s four largest bullion-backed ETFs saw total net outflows of about 6.8 billion yuan ($980 million) on Tuesday, according to data compiled by Bloomberg. That marked a second str...
China’s major gold-backed exchange-traded funds recorded their biggest ever daily outflows – nearly $1 billion combined – with investor confidence rattled by the metal’s abrupt pullback from an all-time high. Mainland China’s four largest bullion-backed ETFs saw total net outflows of about 6.8 billion yuan ($980 million) on Tuesday, according to data compiled by Bloomberg. That marked a second straight day of declines for the Huaan Yifu, Bosera, E Fund and Guotai ETFs, just days after they notched record inflows last week. Retail investors, including from China, had built up large positions in gold, adding fuel to a precious metals rally underpinned by speculative momentum, geopolitical upheaval and concerns about the US Federal Reserve’s independence. Market watchers had warned that the advances had been too large and too swift, and a collapse during Asian trading hours on Friday saw gold plunge by the most in a single day since 2013. Bullion has since recovered some of those losses, rising by more than 6% on Tuesday as dip buyers entered the market. Read More: Chinese Speculators Set the Stage for Gold and Silver Crash
Key Points Woodward's sales are surging. Management sees more gains ahead. 10 stocks we like better than Woodward › Shares of Woodward (NASDAQ: WWD) rose on Tuesday after the aerospace and defense supplier reported strong quarterly growth metrics. By the close of trading, Woodward's stock price was up more than 13%. Where to invest $1,000 right now? Our analyst team just revealed what they believe...
Key Points Woodward's sales are surging. Management sees more gains ahead. 10 stocks we like better than Woodward › Shares of Woodward (NASDAQ: WWD) rose on Tuesday after the aerospace and defense supplier reported strong quarterly growth metrics. By the close of trading, Woodward's stock price was up more than 13%. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Broad-based growth Woodward's sales jumped 29% year over year to $996 million in its fiscal 2026 first quarter, which ended on Dec. 31. The aircraft equipment manufacturer saw revenue in its aerospace division climb 29% to $635 million. Sales in the company's industrial segment, meanwhile, leaped 30% to $362 million. The gains were fueled by rising demand for Woodward's products across multiple end markets, including commercial airlines, defense contractors, power generation companies, transportation providers, and oil and gas producers. "Year-over-year growth was broad-based across both segments and reflected strong demand and disciplined execution by our global teams," CEO Chip Blankenship said in a press release. Better still, Woodward's profitability improved as it scaled its operations. The industrial component maker's adjusted net earnings surged 62% to $134 million, or $2.17 per share. That handily surpassed Wall Street's estimates, which had called for adjusted per-share profits of $1.65. Raised guidance These strong results prompted Woodward to lift its full-year financial outlook. Management now expects sales growth of 14% to 18% in fiscal 2026, up from a prior forecast of 7% to 12%. The company also boosted its earnings-per-share target to between $8.20 and $8.60, up from $7.50 to $8.00. Better still, Woodward increased its quarterly cash dividend by 14% to $0.32 per share. Should you buy stock in Woodward right now? Before you buy stock in Woodward, consider this: The Motley Fool Stock Advisor analyst team jus...
Key Points There's a good reason why Bausch Health shares are experiencing yet another pullback. A recent clinical trial setback points to further trouble ahead. Buying on this latest round of weakness could prove profitable in hindsight, if the company continues with its long-term turnaround strategy. 10 stocks we like better than Bausch Health Companies › Bausch Health Companies (NYSE: BHC) shar...
Key Points There's a good reason why Bausch Health shares are experiencing yet another pullback. A recent clinical trial setback points to further trouble ahead. Buying on this latest round of weakness could prove profitable in hindsight, if the company continues with its long-term turnaround strategy. 10 stocks we like better than Bausch Health Companies › Bausch Health Companies (NYSE: BHC) shares have struggled for many year, and 2026 is not currently off to a good start. Since the start of the year, Bausch Health has fallen by 17%. There are several substantive reasons behind this pullback. For one, the pharmaceutical and medical device company experienced a major setback in minimizing its upcoming major patent cliff -- an event when a company's highest-grossing drug loses patent exclusivity. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » The subsequent launch of generic alternatives following this patent exploration could impact Bausch's long-term strategy to unlock shareholder value. This plan entails growing the business while using cash flow to pay down debt, with ultimate plans to monetize a key "hidden asset." Yet while recent developments challenge the bull case, the resultant sell-off could work in your favor. If the stock continues to drop, Bausch Health could move to an opportune entry point for a long-term wager on its turnaround. Bausch Health and its latest pullback Interestingly, Bausch Health shares started the year trending higher. However, not too long after that, the stock began to pull back once again. The sell-off has gained even greater momentum over the past week, is response to a disappointing corporate update. Bausch loses patent exclusivity on its blockbuster drug Xifaxan, a treatment for gastrointestinal disorders, in 2029. However, with generic versions authorized to launch in 2028, the company has worked to expand...
Intel CEO: "Supply shortages until 2028"; "DRAM prices could jump as much as 95% in Q1"; Samsung and SK hynix each seen surpassing 100 trillion won in operating profit 사진 확대 Intel Corporation CEO Lip-Bu Tan holds a wafer of the Intel Core Ultra Series 3. [Intel·Newsis] Lip-Bu Tan, chief executive officer of Intel, forecast that a shortage of memory semiconductors will persist for at least the next...
Intel CEO: "Supply shortages until 2028"; "DRAM prices could jump as much as 95% in Q1"; Samsung and SK hynix each seen surpassing 100 trillion won in operating profit 사진 확대 Intel Corporation CEO Lip-Bu Tan holds a wafer of the Intel Core Ultra Series 3. [Intel·Newsis] Lip-Bu Tan, chief executive officer of Intel, forecast that a shortage of memory semiconductors will persist for at least the next two years. As Nvidia CEO Jensen Huang and Tesla CEO Elon Musk have also repeatedly warned of instability in memory supply, analysts say the corporate value of Samsung Electronics and SK hynix could climb even further. According to foreign media and industry sources on the 4th, Tan said on the 3rd (local time) at the "AI Summit" hosted by Cisco Systems in San Francisco, United States, "I am hearing that the shortage of memory semiconductors will not improve significantly until 2028." He particularly noted, "As Nvidia launches its latest AI accelerator, the Vera Rubin platform, it will drive memory demand even higher," adding, "This platform is going to consume an enormous amount of memory." Nvidia has also publicly voiced concerns about the memory supply chain. At a dinner with executives from Taiwan’s semiconductor industry on the 31st of last month, CEO Jensen Huang remarked, "There is a strong possibility that demand for memory semiconductors will exceed supply this year, putting pressure on the entire supply chain." 사진 확대 Semiconductors produced by Samsung Electronics. [Yonhap News] Amid this, a shift is also being detected in the relationship between Nvidia and Samsung Electronics. Recently, Nvidia is reported to have asked Samsung Electronics to move up the supply schedule for its sixth-generation High Bandwidth Memory, HBM4. Requesting early supply while quality verification is still under way is unusual, and is being interpreted as a sign of how tight memory supply has become. Tesla CEO Elon Musk likewise pointed out during last month’s earnings call that memory sem...
歐美擬建立關鍵礦產夥伴關係 減少對華依賴 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】據報歐盟計劃與美國建立關鍵礦產夥伴關係，中方強調各國有責任就維護全球產供鏈穩定與安全發揮建設性作用。 彭博引述消息，歐盟準備...
歐美擬建立關鍵礦產夥伴關係 減少對華依賴 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】據報歐盟計劃與美國建立關鍵礦產夥伴關係，中方強調各國有責任就維護全球產供鏈穩定與安全發揮建設性作用。 彭博引述消息，歐盟準備三個月內與美國簽署諒解備忘錄，尋求減少對中國關鍵礦產的依賴，並建議雙方共同制定關鍵礦產項目和價格支撐機制，以及保護市場免受外部供應過剩，和其他形式的市場操縱影響等。 在北京，外交部指各國都應當遵守市場經濟原則和國際經貿規則，加強溝通對話，共同維護國際產供鏈穩定暢通，推動世界經濟穩定發展。