Moonzen Publishing announces the release of "AI Sage", a work by Nongseon Daewon Jeonbeopseonsa, a Korean Zen (Seon) master in the direct Dharma lineage of the Buddha.
Moonzen Publishing announces the release of "AI Sage", a work by Nongseon Daewon Jeonbeopseonsa, a Korean Zen (Seon) master in the direct Dharma lineage of the Buddha.
Palantir Technologies has become one of the most valuable tech companies in the world due to its advanced data analytics and artificial intelligence (AI) capabilities, which have been in high demand. Its close relationship with governments around the world has led to terrific growth for the business. One stock that's far smaller but might have plenty of upside for similar reasons is Swarmer (NASDA...
Palantir Technologies has become one of the most valuable tech companies in the world due to its advanced data analytics and artificial intelligence (AI) capabilities, which have been in high demand. Its close relationship with governments around the world has led to terrific growth for the business. One stock that's far smaller but might have plenty of upside for similar reasons is Swarmer (NASDAQ: SWMR) , which recently went public. The company makes drone software that leverages AI, which can be crucial in warfare. Its shares have approximately tripled from the $12.50 they opened at on March 17, as retail investors appear to be extremely bullish about its long-term prospects. Could the stock follow in the footsteps of Palantir and be the next hot AI stock to own? Continue reading
Cryptocurrency has always been most popular with younger investors, which is understandable. Younger generations are more likely to adopt new technology, and they can afford a higher risk tolerance, since retirement is still a way off. However, some young investors take on too much risk with their crypto holdings. The World Economic Forum's 2024 Global Retail Investor Outlook reported that 35% of ...
Cryptocurrency has always been most popular with younger investors, which is understandable. Younger generations are more likely to adopt new technology, and they can afford a higher risk tolerance, since retirement is still a way off. However, some young investors take on too much risk with their crypto holdings. The World Economic Forum's 2024 Global Retail Investor Outlook reported that 35% of Gen Z and 26% of millennial crypto investors had allocated over half of their portfolios to cryptocurrency. Image source: Getty Images. Continue reading
Shares of ServiceNow (NYSE: NOW) were up today as investors regained some confidence in the workflow automation company, rebounding after fears of AI disruption had haunted many software stocks. The rising optimism about ServiceNow helped the stock jump 5.9% as of 12:58 p.m. ET today. Image source: Getty Images. Continue reading
Shares of ServiceNow (NYSE: NOW) were up today as investors regained some confidence in the workflow automation company, rebounding after fears of AI disruption had haunted many software stocks. The rising optimism about ServiceNow helped the stock jump 5.9% as of 12:58 p.m. ET today. Image source: Getty Images. Continue reading
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis I believe Marvell Technology ( MRVL ) has moved from being a good AI infrastructure idea to becoming one of the cleaner ways to own the actual buildout of AI capacity. And that distinction matters. This is because in my previous article on Marvell, I mentioned that a lot of AI names were being valued on promise, ecosystem, and buzz. At ...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis I believe Marvell Technology ( MRVL ) has moved from being a good AI infrastructure idea to becoming one of the cleaner ways to own the actual buildout of AI capacity. And that distinction matters. This is because in my previous article on Marvell, I mentioned that a lot of AI names were being valued on promise, ecosystem, and buzz. At this stage, I think MRVL is giving investors something better than that. And this is because revenue is scaling, bookings are also becoming stronger, design wins are compounding, and management is guiding to an acceleration in growth through 2027. In the 4Q 2026 earnings report , MRVL delivered record revenue of $8.195 billion, which represented a 42% y/y increase. Management also guided that the company would expect revenue to accelerate each quarter, with revenue approaching $11 billion and data center revenue expected to grow about 40% y/y. In my opinion, this is an indication that the company is seeing decent revenue visibility in the coming fiscal year. In my recent last piece , I said that "the AI infrastructure cycle is still in the early innings." And to date, I still believe that. But now the setup is stronger because Marvell is no longer selling just the idea of optionality. In fact, it is selling evidence, in my opinion. And I say this because the company said that 2026 design wins hit a record. Yet bookings are growing at a record pace. And also the first quarter of 2027 is guided to $2.4 billion in revenue at the midpoint. As a result, this makes me believe that the market is still underestimating the duration of MRVL's custom silicon and interconnect cycle. Also, there is a second reason why I am getting more constructive. And it is one that was not fully developed in my previous work on Marvell Technology. A new TAM is being born inside scale-up networking. Yet MRVL already had a strong position in the scale outside of AI infrastructure through optics, switch...
Welsh affairs committee says Bridgend jail is ‘not the right place’ to add inmates after deaths, violence and staff shortages Plans to expand one of the most troubled prisons in England and Wales should be paused until serious failures surrounding staff and inmate safety are addressed, MPs have said. Seventeen men died at HMP Parc in Bridgend in 2024 – the highest number recorded at any prison in ...
Welsh affairs committee says Bridgend jail is ‘not the right place’ to add inmates after deaths, violence and staff shortages Plans to expand one of the most troubled prisons in England and Wales should be paused until serious failures surrounding staff and inmate safety are addressed, MPs have said. Seventeen men died at HMP Parc in Bridgend in 2024 – the highest number recorded at any prison in England and Wales that year – amid drug use, self-harm, violence and understaffing issues. Another three men died there in the first nine months of 2025. Continue reading...
ugurhan/iStock via Getty Images "Sequence of Returns" risk is one of those nerdy, boring topics that we have to return to every so often so that we don't forget about it during the occasional periods when all of a sudden it becomes quite important. Unfortunately, now is one of those times. With the ongoing war in the Middle East, the Strait of Hormuz closed, and critical oil, natural gas and other...
ugurhan/iStock via Getty Images "Sequence of Returns" risk is one of those nerdy, boring topics that we have to return to every so often so that we don't forget about it during the occasional periods when all of a sudden it becomes quite important. Unfortunately, now is one of those times. With the ongoing war in the Middle East, the Strait of Hormuz closed, and critical oil, natural gas and other infrastructure under attack from both sides, we are experiencing increased downside pressure on the economy generally, and higher volatility in the equity and credit markets. Sequence of returns is what we call the risk that a retiree or other investor who needs to tap their investment portfolio for specific amounts of cash on a consistent, regular basis will be forced to sell off capital assets at low market price points. Having to invade one's "core" capital to make a pension payment to oneself, or for some other routine, regularly scheduled expenditure, because the portfolio failed to generate its "normal" amount of income during the period, amounts to "eating one's seed corn." It means having to expend permanent capital that otherwise would remain in the portfolio to generate future income, had there been the "normal" or expected level of earnings during that period. Here's the problem: This chart shows the ups and downs of the S&P 500, and the S&P 500 ETF ( SPY ) over the past 6 months. As one would expect, there are plenty of peaks and valleys on the chart. Imagine a retiree who funds their own personal pension of some fixed amount every month from this portfolio. Since the S&P 500 only pays an annual cash yield of about 1.5%, any retirees who hold S&P 500-type equities, and pay themselves typical pensions of 5 or 6% per annum of their retirement account, have to dip into their capital (i.e. sell stocks) each time they make a payment to themselves. That's fine, and to be expected, since the S&P 500, over many decades, has averaged a total return of about 9 or 10% per...
Nvidia is the world’s biggest publicly traded company, and its cash on hand has increased significantly as it has benefited from the boom in artificial intelligence. As of late March 2026, Nvidia had a market capitalization of $4.1 trillion. The tech giant’s bet on artificial intelligence in the ...
Nvidia is the world’s biggest publicly traded company, and its cash on hand has increased significantly as it has benefited from the boom in artificial intelligence. As of late March 2026, Nvidia had a market capitalization of $4.1 trillion. The tech giant’s bet on artificial intelligence in the ...
halbergman/E+ via Getty Images CVR Energy ( CVI ) is a small oil refiner with refineries in Kansas and Oklahoma, and it also owns significant pipeline and logistics systems as well as a 37% interest in a nitrogen fertilizer business (publicly traded CVR Partners - ticker UAN). Over the past few years, I believe CVI has made numerous poor decisions, resulting in less than optimal performance. But a...
halbergman/E+ via Getty Images CVR Energy ( CVI ) is a small oil refiner with refineries in Kansas and Oklahoma, and it also owns significant pipeline and logistics systems as well as a 37% interest in a nitrogen fertilizer business (publicly traded CVR Partners - ticker UAN). Over the past few years, I believe CVI has made numerous poor decisions, resulting in less than optimal performance. But a combination of new management, changes that have already been implemented, government action, and the recent bottoming of the refining cycle is about to lead to spectacular performance for their business. To top that off, the wars in Ukraine/Russia and Iran/Middle East should supercharge their earnings for at least the rest of this year. Crack Spreads Are Heading Up After The Cycle Bottom In Q4 The oil refining business is fairly easy to analyze. They buy crude oil and sell gasoline, heating oil/diesel, jet fuel, and some residual products. Their operating income before non-crude expenses is called the "crack spread." Most oil refineries in the U.S. use a mix of heavy and light crude to get the "3-2-1 crack spread. What this means is that three barrels of crude oil are "cracked" into two barrels of gasoline and one barrel of diesel/heating oil/jet fuel. CVI is unusual in that it uses almost exclusively light, sweet crude and cracks into almost equal amounts of gasoline vs. other products. This is called a 2-1-1 crack spread and can lead to greater profitability. I have simplified both the process and the math here because there are very small amounts of various other products and inputs, but they do not really change the analysis but add huge complexity to the math. I can't get great charts for crack spreads, but this one shows the cyclicality going from 1986 to 2022. The obvious spikes came pre- and post-financial crisis and the start of the Russian invasion of Ukraine, with the bottoms during the financial crisis, the pandemic, and the periods of oversupply in the market...
(RTTNews) - Despite weak Eurozone economic sentiment data and the ongoing war in the Middle East, European stocks gained some significant ground in positive territory on Monday. The upmove was supported by some bargain hunting at several counters following recent declines.
(RTTNews) - Despite weak Eurozone economic sentiment data and the ongoing war in the Middle East, European stocks gained some significant ground in positive territory on Monday. The upmove was supported by some bargain hunting at several counters following recent declines.
Musk’s lawyers allege that Chancellor Kathaleen McCormick reacted in support of a post celebrating the billionaire’s federal court loss in California earlier this month.
Musk’s lawyers allege that Chancellor Kathaleen McCormick reacted in support of a post celebrating the billionaire’s federal court loss in California earlier this month.
MicroStockHub/iStock via Getty Images Fast Facts The State Street SPDR EURO STOXX 50 ETF ( FEZ ) was launched on 10/15/2002 and tracks the EURO STOXX 50 ® Index. FEZ has a portfolio of 50 stocks, a 30-day SEC yield of 2.08%, and an expense ratio of 0.29%. Distributions are paid quarterly. It is a large and liquid ETF, with $4.5 billion of AUM (assets under management) and an average daily dollar v...
MicroStockHub/iStock via Getty Images Fast Facts The State Street SPDR EURO STOXX 50 ETF ( FEZ ) was launched on 10/15/2002 and tracks the EURO STOXX 50 ® Index. FEZ has a portfolio of 50 stocks, a 30-day SEC yield of 2.08%, and an expense ratio of 0.29%. Distributions are paid quarterly. It is a large and liquid ETF, with $4.5 billion of AUM (assets under management) and an average daily dollar volume of $151 million. The fund’s issuer, State Street Corporation, is a financial services and bank holding company headquartered in Boston, with over $5 trillion in assets under management and over $50 trillion under custody. Strategy The underlying index focuses on Eurozone equities. It selects 50 of the largest companies representing approximately 60% of the free-float market capitalization of the EURO STOXX Total Market Index, which covers at least 95% of the free-float market capitalization of the represented countries. The index is weighted based on free-float market capitalization and undergoes an annual reconstitution in September. The fund’s turnover rate was 10% in the most recent fiscal year. All the stocks held in the portfolio trade in euros, and the fund is not hedged against currency risk. This article will use as a benchmark the oldest European equity ETF: iShares Europe ETF ( IEV ). IEV tracks the broader index S&P Europe 350, which includes smaller companies and non-Eurozone European countries, in particular the U.K., Switzerland, Denmark, Sweden, and Norway. Portfolio The fund is almost exclusively invested in large- and mega-cap companies (about 97% of asset value), with a focus on France (33.3%) and Germany (29.5%). FEZ geographical allocation (State Street) The portfolio has significant exposure in financials (25.1%), industrials (21.2%), and technology (15.2%). Compared to IEV, FEZ mostly overweights technology and consumer discretionary, while it downplays healthcare and consumer staples. These sector representations will shift over time based on ma...