Direct trade between China and the United States continues to shrink, new US government data showed on Thursday, as the anniversary of “Liberation Day” highlights how last year’s tariff escalations deepened tensions between the two global powers. The figures come ahead of a planned leaders’ meeting in Beijing next month, where both sides are expected to explore ways to stabilise relations after a ...
Direct trade between China and the United States continues to shrink, new US government data showed on Thursday, as the anniversary of “Liberation Day” highlights how last year’s tariff escalations deepened tensions between the two global powers. The figures come ahead of a planned leaders’ meeting in Beijing next month, where both sides are expected to explore ways to stabilise relations after a period of renewed economic strain. The February international trade data by the US Census Bureau and...
Nordstrom ’s revenue has returned to its pre-pandemic peak less than a year after the department store went private in a $6.25 billion deal, according to people familiar with the matter. Sales at the the Seattle-based company grew to about $15.8 billion last year, said the people, who asked not to be identified discussing private financial disclosures. That’s up from $15 billion a year earlier and...
Nordstrom ’s revenue has returned to its pre-pandemic peak less than a year after the department store went private in a $6.25 billion deal, according to people familiar with the matter. Sales at the the Seattle-based company grew to about $15.8 billion last year, said the people, who asked not to be identified discussing private financial disclosures. That’s up from $15 billion a year earlier and in line with the record-high reached in 2019, before lockdowns accelerated a shift to online shopping. The change in fortunes comes after the Nordstrom family and and Mexican department-store chain El Puerto de Liverpool SAB closed a deal to acquire the company in May in an all-cash transaction valued at about $6.25 billion. Nordstrom and rival Bloomingdale ’s, owned by Macy’s Inc. , have also benefited from the bankruptcy of Saks Global Enterprises. Pro-forma earnings before interest and taxes, a measure of profitability of the company’s operations, rose to 61% to $799 million last year, the people said. The measure excluded pushdown privatization adjustments, an accounting method used to allow buyers to pass on the cost of purchasing a company to the target’s accounts. Read More: Nordstrom Family to Take Chain Private in $6.25 Billion Deal Revenue in the three months ended Jan. 31 rose 7% to $4.6 billion, the people said. A company spokesperson confirmed the results. Fortune previously reported last year’s revenue growth. Nordstrom’s founding family was betting that the century-old retail chain would be more successful without the scrutiny and demands of the public market when it agreed to take the company private. El Puerto de Liverpool now owns a 49.9% stake and the Nordstrom family 50.1%.
21 Air has ambitious plans to enter the cargo airline big leagues upsizing to Boeing 777 freighter aircraft to capture international business as it undergoes a leadership and investor transition. The post 21 Air eyes larger Boeing 777s to access long-haul cargo market appeared first on FreightWaves.
21 Air has ambitious plans to enter the cargo airline big leagues upsizing to Boeing 777 freighter aircraft to capture international business as it undergoes a leadership and investor transition. The post 21 Air eyes larger Boeing 777s to access long-haul cargo market appeared first on FreightWaves.
Glitch to the facilities quickly fixed, in relief to astronauts onboard Orion spacecraft A blinking fault light on Nasa’s Orion spacecraft signalled an unwelcome setback at the start of the historic Artemis II mission: the toilet was out of order. Fortunately for the four astronauts on board for the 10-day mission , the issue was quickly resolved, with mission control confirming: “Happy to report ...
Glitch to the facilities quickly fixed, in relief to astronauts onboard Orion spacecraft A blinking fault light on Nasa’s Orion spacecraft signalled an unwelcome setback at the start of the historic Artemis II mission: the toilet was out of order. Fortunately for the four astronauts on board for the 10-day mission , the issue was quickly resolved, with mission control confirming: “Happy to report that toilet is go for use. We do recommend letting the system get to operating speed before donating fluid, and then letting it run a little bit after donation.” Continue reading...
Microsoft has disappointed investors with both Copilot and Azure trends recently. Cloud capacity should ultimately increase, but that’s not an immediate fix.
Microsoft has disappointed investors with both Copilot and Azure trends recently. Cloud capacity should ultimately increase, but that’s not an immediate fix.
Tom Werner/DigitalVision via Getty Images Investment overview I wrote about TD Synnex Corp. ( SNX ) previously with a buy rating as growth continues to come through, margins remain healthy, and I expect earnings to continue growing, which would drive a positive multiple re-rating. After looking at the Q1 results, I still think SNX is a buy. Hyve is scaling faster than I expected and becoming a muc...
Tom Werner/DigitalVision via Getty Images Investment overview I wrote about TD Synnex Corp. ( SNX ) previously with a buy rating as growth continues to come through, margins remain healthy, and I expect earnings to continue growing, which would drive a positive multiple re-rating. After looking at the Q1 results, I still think SNX is a buy. Hyve is scaling faster than I expected and becoming a much larger profit driver, while the core distribution business is also still growing well. At the same time, margins continue to improve, and working capital stayed under control. 1Q26 earnings review SNX started 2026 with a very strong quarter. Revenue was up 18% y/y, coming in at $17.16 billion, and adj. gross billings at $25.78 billion, up 24% y/y. The growth was broad-based. Distribution revenue saw $15.01 billion, up 17% y/y. Within that, Endpoint Solutions revenue saw $8.51 billion, up 19% y/y, and Advanced Solutions revenue saw $6.5 billion, up 15% y/y. Hyve Solutions revenue came in strong at $2.15 billion, up 24% y/y. Margins and profits did really well too. For gross profit, SNX saw $1.25 billion, and gross margin was 7.3%, up 32 bps y/y; adj., EBIT saw $590 million, and adj. EBIT margin reached 3.44%, up 60 bps y/y, and at the bottom line, adj. net income came in at $383 million, and adj. EPS at $4.73. Hyve is becoming much more important If you have followed my update on SNX, you would know that Hyve is a key part of the story. The growth was already strong, but I now believe the growth strength is a lot stronger than I thought. Gross billings here effectively grew a near 100% y/y, which is significantly faster than the 17% gross billings growth in Distribution. Importantly, Hyve EBIT also grew 66% y/y, and this now accounts for 27% of total EBIT. This dramatically shifts the growth story for SNX. If 27% of total EBIT can grow at 66%, the contribution from Hyve alone is ~18% to blended EBIT. If anything, this quarter cemented the narrative that Hyve is the key gro...
EMCOR Group today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per common share. The dividend will be paid on April 30, 2026 to stockholders of record as of April 16, 2026. The Board of Directors of Trane Technologies, a global
EMCOR Group today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per common share. The dividend will be paid on April 30, 2026 to stockholders of record as of April 16, 2026. The Board of Directors of Trane Technologies, a global
In trading on Thursday, construction materials & machinery shares were relative laggards, down on the day by about 1.6%. Helping drag down the group were shares of JELD-WEN Holding, off about 5.6% and shares of Knife River down about 3.1% on the day. Also lagging the marke
In trading on Thursday, construction materials & machinery shares were relative laggards, down on the day by about 1.6%. Helping drag down the group were shares of JELD-WEN Holding, off about 5.6% and shares of Knife River down about 3.1% on the day. Also lagging the marke
In trading on Thursday, waste management shares were relative leaders, up on the day by about 2.8%. Leading the group were shares of Casella Waste Systems up about 7.2% and shares of GFL Environmental up about 2.7% on the day. Also showing relative strength are oil & gas e
In trading on Thursday, waste management shares were relative leaders, up on the day by about 2.8%. Leading the group were shares of Casella Waste Systems up about 7.2% and shares of GFL Environmental up about 2.7% on the day. Also showing relative strength are oil & gas e
400tmax Google ( GOOG ) ( GOOGL ) unveiled its family of Gemma 4 artificial intelligence open-source models on Thursday, with the latest offerings aimed at advanced reasoning and agentic workflows. “Purpose-built for advanced reasoning and agentic workflows, Gemma 4 delivers an unprecedented level of intelligence-per-parameter,” Google wrote in a blog post . “This breakthrough builds on incredible...
400tmax Google ( GOOG ) ( GOOGL ) unveiled its family of Gemma 4 artificial intelligence open-source models on Thursday, with the latest offerings aimed at advanced reasoning and agentic workflows. “Purpose-built for advanced reasoning and agentic workflows, Gemma 4 delivers an unprecedented level of intelligence-per-parameter,” Google wrote in a blog post . “This breakthrough builds on incredible community momentum: since the launch of our first generation, developers have downloaded Gemma over 400 million times, building a vibrant Gemmaverse of more than 100,000 variants.” Built from the same research and technology as Gemini 3, Gemma 4 comes in four sizes: Effective 2B (E2B), Effective 4B (E4B), 26B Mixture of Experts (MoE), and 31B Dense. The Gemma 4 model family can handle complex logic and agentic workflows, with the largest models, such as the 31B model, currently ranking as the #3 open model in the world, according to the Arena AI text leaderboard. Additionally, the 26B model has the sixth spot. The family is also efficient, Google said, as Gemma 4 is capable of outcompeting models 20 times its size. The 26B and 31B models are capable of running on PCs, and the unquantized bfloat16 weights fit efficiently on a single 80 GB Nvidia ( NVDA ) H100 GPU, Google said. The E2B and E4B models have been optimized for compute and memory efficiency and can run on mobile devices, such as phones, Raspberry Pi, and Nvidia and Jetson Orin Nano. Google worked with the Google Pixel team, Qualcomm ( QCOM ), and MediaTek on optimization. More on Alphabet The Cure For FOMO With Tech Contrarians Alphabet: The Social Media Lawsuit Is Not A Long-Term Risk Alphabet: Bulls Are Ignoring The Biggest Red Flag Microsoft releases trio of AI models for transcription, voice generation and image creation Utah man files class action lawsuit against Perplexity for sharing search data with Google, Meta
Tesla (NASDAQ: TSLA) announced first-quarter vehicle deliveries today, and they weren't overly impressive. The company delivered nearly 360,000 electric vehicles (EVs) at the start of the year, but Wall Street expected even more. That wasn't the only disappointment, though. Tesla shares plunged on the news. Here are the other reasons the stock was down 4.2% at 12:20 p.m. ET. Image source: The Motl...
Tesla (NASDAQ: TSLA) announced first-quarter vehicle deliveries today, and they weren't overly impressive. The company delivered nearly 360,000 electric vehicles (EVs) at the start of the year, but Wall Street expected even more. That wasn't the only disappointment, though. Tesla shares plunged on the news. Here are the other reasons the stock was down 4.2% at 12:20 p.m. ET. Image source: The Motley Fool. Continue reading
J Studios/DigitalVision via Getty Images Investment Thesis Last month, I issued a detailed post on why I advised investors to be bullish on Applied Optoelectronics, Inc. ( AAOI ) but be extremely watchful about any gaps in the execution of Applied Optoelectronics or AOI’s strategic capacity expansion plans. I explained reasons for my cautiously bullish outlook in last month’s post, noting how AOI ...
J Studios/DigitalVision via Getty Images Investment Thesis Last month, I issued a detailed post on why I advised investors to be bullish on Applied Optoelectronics, Inc. ( AAOI ) but be extremely watchful about any gaps in the execution of Applied Optoelectronics or AOI’s strategic capacity expansion plans. I explained reasons for my cautiously bullish outlook in last month’s post, noting how AOI had enough precedents from the past to be cautious despite the raging demand for optical networking products such as the transceivers and small-form factor pluggables that AOI makes for the data center market. Through this month, AOI’s management has continued to announce major hyperscaler customer program wins, which carry the potential to add at least $253 million to AOI’s revenue prospects this year. This not only adds more firepower to AOI’s growth engine but broadens out the customer concentration risk for AOI that I had highlighted in my March post. I believe these contract wins were enough for me to start dipping my toes and take my bullishness on AOI to the next level by initiating some exposure in AOI. What AOI’s Recent Hyperscaler Wins Mean For AOI In the last few weeks, AOI announced that it had won two major program wins for its optical transceiver business, where it would provide both 800Gbps and 1.6Tbps transceivers to the same hyperscaler customer. At the start of March, AOI revealed that this 1.6T program win was just an “initial order," which totaled ~$200M from “one of its long-term major hyperscale customers.” There were two implications from this announcement. First, all shipments of this 1.6T transceiver order would be completed by the end of this fiscal year, pending product qualification allowing AOI to recognize the full extent of the $200M order backlog in this year alone. Second, this 1.6T order that AOI won from this hyperscaler meant this hyperscaler customer would re-instate this hyperscaler as a major customer accounting for >10% of AOI’s reven...
After a year marked by sluggish electric-vehicle sales, Tesla’s final tally for the first quarter was 358,023 EVs delivered globally, missing analysts’ estimates of 368,900 deliveries, according to a consensus of 19 investment firms’ estimates published by Visible Alpha. Despite the growth from the year-ago quarter, it was Tesla’s second worst quarter of sales since 2022. The growth in deliveries ...
After a year marked by sluggish electric-vehicle sales, Tesla’s final tally for the first quarter was 358,023 EVs delivered globally, missing analysts’ estimates of 368,900 deliveries, according to a consensus of 19 investment firms’ estimates published by Visible Alpha. Despite the growth from the year-ago quarter, it was Tesla’s second worst quarter of sales since 2022. The growth in deliveries comes as Tesla pivots its business away from vehicle sales to focus on robotaxis and humanoid robots, neither of which is currently for sale.
CEO Of Largest Public Hospital System Says He's Ready To Replace Radiologists With AI By Marty Stempniak of Radiology Business , The chief executive of America’s largest public hospital system says he is prepared to start replacing radiologists with artificial intelligence in some circumstances, once the regulatory landscape catches up. Mitchell H. Katz, MD, president and CEO of NYC Health + Hospi...
CEO Of Largest Public Hospital System Says He's Ready To Replace Radiologists With AI By Marty Stempniak of Radiology Business , The chief executive of America’s largest public hospital system says he is prepared to start replacing radiologists with artificial intelligence in some circumstances, once the regulatory landscape catches up. Mitchell H. Katz, MD, president and CEO of NYC Health + Hospitals, recently spoke during a panel discussion held by Crain’s New York Business. The trained internal medicine specialist noted how AI is increasingly being used to interpret mammograms and X-rays. This presents an opportunity to save on how much hospitals spend on radiologists, who have become more costly amid rising demand for imaging, Crain’s reported Thursday. “ We could replace a great deal of radiologists with AI at this moment, if we are ready to do the regulatory challenge ,” Katz said at the forum, held on March 25. Katz—who has led the 11-hospital organization since 2018—said he sees great potential for AI to increase access to breast cancer screening. Hospitals could potentially produce “major savings” by letting the technology handle first reads, with radiologists then double-checking any abnormal screenings. Fellow panelist David Lubarsky, MD, MBA, president and CEO of the Westchester Medical Center Health Network, said his system is already seeing great success in deploying such technology. The AI Westchester uses misses very few breast cancers and is “actually better than human beings,” he told the audience. “For women who aren’t considered high risk, if the test comes back negative, it’s wrong only about 3 times out of 10,000,” Lubarsky said. Katz asked fellow hospital CEOs if there is any reason why they shouldn’t be pushing for changes to New York state regulations, allowing AI to read images “without a radiologist,” Crain’s reported. In this scenario, rads could then provide second opinions, if AI flags any images as abnormal. Sandra Scott, MD, CEO of th...