Temu owner PDD keeps sinking. The company is prioritizing long-term competitiveness over short-term results, creating potential for an extended recovery.
Temu owner PDD keeps sinking. The company is prioritizing long-term competitiveness over short-term results, creating potential for an extended recovery.
Frontline, Euroseas, and Nordic American Tankers raised dividends in 2026, with Frontline boosting its payout 50% after reporting its highest quarterly profit since 2004.
Frontline, Euroseas, and Nordic American Tankers raised dividends in 2026, with Frontline boosting its payout 50% after reporting its highest quarterly profit since 2004.
ozgurdonmaz/iStock Unreleased via Getty Images Apple ( AAPL ) rolled out a revamped set of child safety and Screen Time features at WWDC on Monday. The new, easy-to-use tools are designed to streamline how parents monitor and restrict content, communication, and daily app usage on iOS and iPadOS devices. Built on guidance from child wellness experts, the software updates give parents enhanced flex...
ozgurdonmaz/iStock Unreleased via Getty Images Apple ( AAPL ) rolled out a revamped set of child safety and Screen Time features at WWDC on Monday. The new, easy-to-use tools are designed to streamline how parents monitor and restrict content, communication, and daily app usage on iOS and iPadOS devices. Built on guidance from child wellness experts, the software updates give parents enhanced flexibility to regulate what their children see and who they interact with online, the iPhone and iPad maker said. With software updates this fall, parents will be able to access new child safety features, including a simpler setup experience with a recommended set of essential apps, Ask to Browse, Time Allowances, and a redesigned Screen Time. The first and most important step parents can take to create age-appropriate experiences for their child is to set up a child account. “It enables safeguards across the system, tailored to the child’s age, like limiting adult websites, only allowing age-appropriate media, and setting age-based restrictions in the App Store.” Parents are guided through creating a child account when setting up a new device for their child. A child account is required for children under 13 and available for children up to 18. Once a child account is created, parents can help their kids get a focused start by choosing exactly which apps they can access on their device. Parents have the option to start with just a few essential apps, a curated set, or choose just the apps they feel are appropriate for their child. Additionally, with the new Ask to Browse, parents can also require that kids ask permission to access a new website in Safari. "Screen Time is now redesigned and gives parents an at-a-glance view of their kids’ average device usage and most used apps. "Parents can easily make adjustments to their kids’ access to apps and the web in the moment, with just a tap... If kids need a little extra time to finish something in an app, parents can also easily ...
PonyWang/iStock via Getty Images Investment Thesis IonQ ( IONQ ) is a market leader in the quantum computing industry and leverages trapped-ion technology to build qubits. IonQ reported record revenues of $65 million in Q1 FY26 and raised its full-year guidance to $260-270 million. In addition, IonQ reported a 554% YoY growth on its RPO, which stood at $470 million, suggesting a strong backlog. I ...
PonyWang/iStock via Getty Images Investment Thesis IonQ ( IONQ ) is a market leader in the quantum computing industry and leverages trapped-ion technology to build qubits. IonQ reported record revenues of $65 million in Q1 FY26 and raised its full-year guidance to $260-270 million. In addition, IonQ reported a 554% YoY growth on its RPO, which stood at $470 million, suggesting a strong backlog. I believe IonQ's two recent acquisitions of Oxford Ionics and SkyWater Technology (still pending) will position the company far ahead of its peers in the quantum race, securing a sustainable long-term advantage. Quantum: Recap & Current State I previously covered quantum technology and IONQ more than a year ago, and there's been a lot of progress across the industry along with key milestones hit. So, let me begin with a quick recap and an outline of the current market landscape. While the financial markets have been busy with the frenzy around AI models and infrastructure, quantum technologies have been making strides in silence. The evolution of quantum systems, in my opinion, will mark the next big inflection (potentially bigger than AI) in the tech industry, as quantum is expected to solve several real-world problems that are out of reach for classical computers. These include uncharted territories in accelerated drug discovery, defense & national security, logistics optimization, cyber security, and so on. Quantum innovations are moving beyond computing and into quantum networking and security, laying the foundation for real-world adoption of quantum at scale. A few key milestones over the past year include: Oct '25 - IonQ announces 99.99% two-qubit gate fidelity, the first one to reach four nines, bringing fault-tolerant quantum one step closer to reality. Mar '26 - Google pulls forward Q-Day to 2029 , the date when quantum computers become powerful enough to break today's security systems. Apr '26 - Cisco announces a working research prototype of a universal quantum swi...
The Good Brigade/DigitalVision via Getty Images But each market dances to a different drummer, and declines have been far bigger in many markets. Home sellers have been nudging down more or less gradually the listing prices in many markets, including in the three biggest – Florida, California, and Texas – from the insane highs in mid-2022 when only the sky was still the limit. The reality they’re ...
The Good Brigade/DigitalVision via Getty Images But each market dances to a different drummer, and declines have been far bigger in many markets. Home sellers have been nudging down more or less gradually the listing prices in many markets, including in the three biggest – Florida, California, and Texas – from the insane highs in mid-2022 when only the sky was still the limit. The reality they’re now grappling with includes mortgage rates that have normalized, much less buyer demand than before 2022, and accelerating consumer price inflation of likely over 4% in May. The median listing price of existing homes in May fell by 2.4% year-over-year, the biggest year-over-year decline in the data by Realtor.com, which goes back to only 2017. On a per-square-foot basis, the median price dropped by 2.5% year-over-year. The chart above also shows the mania that reigned in the housing market from mid-2020 through mid-2022, topping out with a year-over-year increase of 18% in June 2022, by which time demand was already plunging, as buyers weren’t playing along anymore, and demand has dropped further since then. Median listing price in dollars. June marks the seasonal high points for the median listing price in the US. In June 2022, there was a huge price jump from May 2022, and June 2022 marked the absolute high point, as shown in the chart below. But the highest May was May 2023. Compared to May 2023, the median listing price in the US fell by 2.6%, to $429,500. But each market dances to a different drummer. Listing prices fell in 35 of the 50 largest metros and rose in 15. These are the 35 metros where listing prices declined year-over-year: 1 Memphis, TN-MS-AR -13.0% 2 Buffalo-Cheektowaga, NY -11.6% 3 Austin-Round Rock-San Marcos, TX -9.5% 4 Los Angeles-Long Beach-Anaheim, CA -7.9% 5 San Diego-Chula Vista-Carlsbad, CA -5.6% 6 Phoenix-Mesa-Chandler, AZ -5.1% 7 San Antonio-New Braunfels, TX -4.4% 8 Indianapolis-Carmel-Greenwood, IN -3.5% 9 Houston-Pasadena-The Woodlands, TX -...
State Bank of India plans to join a group of global lenders in funding Sun Pharmaceutical Industries Ltd. ’s $12 billion overseas acquisition, according to people familiar with the matter. SBI, the country’s largest bank by assets, is set to commit as much as $1 billion, the people said, asking not to be identified discussing a private matter. The proposal is pending board approval, the people sai...
State Bank of India plans to join a group of global lenders in funding Sun Pharmaceutical Industries Ltd. ’s $12 billion overseas acquisition, according to people familiar with the matter. SBI, the country’s largest bank by assets, is set to commit as much as $1 billion, the people said, asking not to be identified discussing a private matter. The proposal is pending board approval, the people said. If approved, SBI will join Citigroup Inc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. as another key debt financier of Sun Pharma’s agreed deal in April to buy US-listed Organon & Co. , one of the biggest outbound transactions by an Indian company. The move would be among the first sizable acquisition-financings involving a government-run bank since the central bank in February allowed local lenders to finance corporate takeovers. Domestic banks had previously been barred from such activities due to regulatory and asset-quality concerns, prompting many companies to rely on shadow lenders, foreign institutions, or public and private markets. Read More: India Central Bank Allows Lenders to Fund Upto 75% in M&A Deals SBI and Sun Pharma did not respond to emails seeking comment. Global lenders to Sun Pharma were weighing multiple financing options for its proposed acquisition of Organon, people familiar with the matter said last month. Global Banks Tackle Maze of Risks in Record India Deal Spree Citi Braces for Busy Spell for Financial Sponsors Deals in Asia MUFG Bank Seeks More Acquisitions After $4.3 Billion India Deal The size of SBI’s funding underscores the growing appetite among state-run banks to back acquisitions by Indian companies, which have increasingly pursued overseas targets to gain access to new markets, products and technology. SBI formed a partnership with MUFG in March to explore mergers and acquisitions opportunities in the country. Chairman Challa Sreenivasulu Setty said in February that it was talking to Japanese lenders to fund jumbo a...