While informative, the book struggles to identify what strategies can change racist systems held hostage by the political right and centre • Don’t get The Long Wave delivered to your inbox? Sign up here It’s not straightforward, trying to assess a book written by someone whose stature and reputation loom large over the text. I have not read any books by the American academic and anti-racist writer...
While informative, the book struggles to identify what strategies can change racist systems held hostage by the political right and centre • Don’t get The Long Wave delivered to your inbox? Sign up here It’s not straightforward, trying to assess a book written by someone whose stature and reputation loom large over the text. I have not read any books by the American academic and anti-racist writer Ibram X Kendi before, but I had absorbed his ideas and interventions into American racial discourse over the years, as well as the controversies. And so I was curious about his latest – and his first since the “anti-woke” backlash. I tried reading it as a stand-alone text, rather than another chapter in Kendi’s history. Every book deserves to be judged on its own terms. And Chain of Ideas is a huge piece of research that clearly builds on the many years Kendi has spent writing on racism and his experience as a public figure. But does it rise to the occasion? I attempt to answer this below. Continue reading...
Japanese Prime Minister Sanae Takaichi and French President Emmanuel Macron agreed on Wednesday to design a road map for critical minerals supply as they seek to deepen cooperation in the sector amid China’s dominance of global rare earths. The two leaders also affirmed that Japan and France will maintain close communication in support of efforts to de-escalate tensions in the Middle East and esta...
Japanese Prime Minister Sanae Takaichi and French President Emmanuel Macron agreed on Wednesday to design a road map for critical minerals supply as they seek to deepen cooperation in the sector amid China’s dominance of global rare earths. The two leaders also affirmed that Japan and France will maintain close communication in support of efforts to de-escalate tensions in the Middle East and establish a high-level dialogue on artificial intelligence, Takaichi said at a joint press appearance...
The Iran war has generated billions of dollars of additional oil revenues for Russia, but Moscow’s windfall extends well beyond crude to gas, grain, aluminum and fertilizers. Tehran’s stranglehold on the Strait of Hormuz has choked off Persian Gulf crude flows, boosting the price of Russia’s flagship Urals grade. But the waterway is also an important conduit for shipments of aluminum, liquefied na...
The Iran war has generated billions of dollars of additional oil revenues for Russia, but Moscow’s windfall extends well beyond crude to gas, grain, aluminum and fertilizers. Tehran’s stranglehold on the Strait of Hormuz has choked off Persian Gulf crude flows, boosting the price of Russia’s flagship Urals grade. But the waterway is also an important conduit for shipments of aluminum, liquefied natural gas and some fertilizers. As supplies have been squeezed, prices have surged — aluminum by 12% and urea by almost three-quarters since the start of the conflict. There are also signs that some Russian commodities are losing the pariah status that’s weighed on them since the Kremlin’s invasion of Ukraine four years ago. Washington has eased sanctions on Moscow’s barrels at sea, but western customers are also starting to show interest in the Russian metals they long shunned. And the nation may also benefit as competition intensifies between Asian and European LNG buyers. “Without the war in Iran, the situation in Russian economy would be much worse than it is now,” said Alexander Gabuev , director of the Carnegie Russia Eurasia Center said by email. A week before the US and Israel struck Iran, Russia had been considering downgrading its growth forecast as tougher sanctions over Ukraine hit oil revenues. Government officials were even considering slashing the oil price used for the country’s key budget rule to as low as $45 to $50 a barrel. The war in the Persian Gulf has driven a dramatic turnaround. On Friday, Russia’s flagship Urals crude grade averaged $93.40 a barrel in the country’s western ports, according to data from Argus Media. Russian oil exports could get a $40 billion boost if the price of crude remains elevated to the end of this year, according to analysis by several European governments and shared with Bloomberg News by officials on condition of anonymity. Should the US-Israeli war end quickly, with Hormuz reopening and oil prices returning to pre-war le...
(RTTNews) - InTest Corp. (INTT), a supplier of test and process technology solutions, on Wednesday announced that Rich Rogoff has been promoted to President and Chief Executive Officer, effective immediately.
(RTTNews) - InTest Corp. (INTT), a supplier of test and process technology solutions, on Wednesday announced that Rich Rogoff has been promoted to President and Chief Executive Officer, effective immediately.
Nike issued lackluster sales guidance , prompting some of the biggest Wall Street shops to downgrade the stock. The sportwear company posted on Tuesday better-than-expected results for the fiscal third-quarter, but shares fell nearly 11% on the a dimmer-than-expected sales outlook. Nike said it expects sales to drop between 2% and 4% in fiscal fourth quarter as its new corporate strategy fails to ...
Nike issued lackluster sales guidance , prompting some of the biggest Wall Street shops to downgrade the stock. The sportwear company posted on Tuesday better-than-expected results for the fiscal third-quarter, but shares fell nearly 11% on the a dimmer-than-expected sales outlook. Nike said it expects sales to drop between 2% and 4% in fiscal fourth quarter as its new corporate strategy fails to immediately improve appetite for the brand's products across various markets. The estimate came in well below Wall Street's consensus expectation of a 1.9% increase, LSEG data shows. The apparel giant also expects sales to drop by a low single-digit percentage over the rest of the calendar year, led by growth in North America and offset by declines in China — a forecast that underwhelmed the Street. NKE YTD mountain NKE year to date "We thought improved performance product innovation and lapping Win Now actions would result in a return to growth in 1Q27; instead, management has initiated guidance for sales to remain negative into 3Q27," Bank of America analyst Lorraine Hutchinson said Wednesday in a note to clients. "Strong results in running and NA were the reasons for our patience but with the sales inflection now nine months away, we see little room for multiple expansion, leading to our downgrade to Neutral." Bank of America downgraded Nike to neutral from buy. It has also lowered its price target on shares to $55 from $73, implying about 4% upside from Tuesday's close. The bank also slashed its earnings per share estimates on the stock. In late 2024, CEO Elliott Hill debuted the "Win Now" roadmap to turnaround Nike's slumping sales and stagnating brand momentum. The plan called for Nike to strike new deals with wholesalers, make strides in sport performance innovation and push into critical categories such as running and basketball. But the plan are has taken longer to materialize than some investors expected, contributing to bearish sentiment on the Street. Goldman Sa...
Immunome (IMNM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Immunome (IMNM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
JHVEPhoto The decline in the spot price of memory is unlikely to be anything more than a correction, and it should soon stabilize as more long-term contracts get signed, investment firm GF Securities said. “We see the recent spot price correction mainly due to the high price premium even after [the] 2Q price hike,” GF Securities analyst Jeff Pu wrote in a note to clients. “For example, 64GB DDR5 i...
JHVEPhoto The decline in the spot price of memory is unlikely to be anything more than a correction, and it should soon stabilize as more long-term contracts get signed, investment firm GF Securities said. “We see the recent spot price correction mainly due to the high price premium even after [the] 2Q price hike,” GF Securities analyst Jeff Pu wrote in a note to clients. “For example, 64GB DDR5 in Huaqiangbei were traded around $2500, nearly double the contract price of $1250-1500 offered by Micron/Samsung in 2Q26. Similarly, the eSSD spot market approaches $0.5/GB compared to [the] contract price of close to $0.3/GB. We see channel inventories and speculative positions liquidation triggered the price drop, yet we expect spot prices to gradually stabilize with strong contract pricing.” Delving deeper, Pu said the demand is still all about artificial intelligence, with AI server demand likely to account for roughly 37% of total dynamic random access memory demand this year. That's forecast to grow by 74% in 2027 and 90% in 2028, as Nvidia ( NVDA ) moves to 1 TB worth of high-bandwidth memory in its Rubin Ultra line. Other factors include higher content in CPUs and “aggressive” shipment plans from Google ( GOOG ) ( GOOGL ), Pu said. “Despite investor concerns on 2028 expansion, we believe the DRAM market will remain structurally tight,” Pu added. “AI demand alone could drive over 40% incremental wafer-equivalent demand, significantly outpacing the roughly 15% annual supply growth from technology migration. As a result, the new capacity additions could imply total memory capex approaching $200B in 2028, not to mention wafer out-time lag and strong general server demand.” As such, once companies like Micron ( MU ), Samsung ( SSNLF ), and Sk hynix ( HXSCL ) sign long-term agreements (with expectations that 2027 DRAM pricing could be at least 25% higher than it is currently), their earnings visibility will become greater and the valuations will be more attractive, Pu add...