Server with a dusty intake grill modds/iStock via Getty Images Super Micro Computer ( SMCI ) can’t catch a break. Following years of highly publicized accounting slip-ups, the company now finds itself in another regulatory quagmire, this time pertaining to the sale of NVIDIA ( NVDA ) chips to China . Although the company itself has not been accused of any wrongdoing, several of its top executives ...
Server with a dusty intake grill modds/iStock via Getty Images Super Micro Computer ( SMCI ) can’t catch a break. Following years of highly publicized accounting slip-ups, the company now finds itself in another regulatory quagmire, this time pertaining to the sale of NVIDIA ( NVDA ) chips to China . Although the company itself has not been accused of any wrongdoing, several of its top executives have been implicated in sales that–if real–are contrary to U.S. regulations. Co-founder Yih-Shyan Liaw was among those named in documents filed by regulators. Liaw’s high profile poses the threat of reputational damage to Super Micro, as Liaw was a decision maker serving on the company's board until a few days ago . This isn’t the first time that Super Micro Computer has made headlines for questionable reasons. Prior to the NVIDIA controversy, the company was famous for accounting issues, including auditor resignations , delayed statements , and missed deadlines. These issues were severe enough that the company’s stock plunged over the last 12 months despite reporting extremely impressive growth numbers . It’s not all that often that you see a company growing the top line by 34% trading at just 12 times earnings , but when regulatory risk becomes elevated, you can get some strange outcomes. So, Super Micro Computer investors face a complex situation. The company’s growth numbers are very good; its valuation is cheap on a sector-relative basis; and its margins are respectable. If all of this were “legitimate” then it would be an open and shut case: a slam dunk buy. The problem is twofold: The company's financials might not be reliable. This is the crux of the problem. Credible reports from the highest levels of the U.S. government have said that the GPU sales now being investigated, were facilitated by unreliable documents and possible deceptions of inspectors. While this matter is technically distinct from the accounting irregularities that were the concern last year, it ra...
It’s been 21 years since we met self-absorbed TV star Valerie Cherish in this industry satire. But as she comes out of retirement, the results are woeful – and it’s not just the AI script Valerie Cherish may just be the closest thing America has to its own Alan Partridge. Both narcissists clinging desperately to 1990s showbiz successes (starring in a popular sitcom and hosting a BBC chatshow respe...
It’s been 21 years since we met self-absorbed TV star Valerie Cherish in this industry satire. But as she comes out of retirement, the results are woeful – and it’s not just the AI script Valerie Cherish may just be the closest thing America has to its own Alan Partridge. Both narcissists clinging desperately to 1990s showbiz successes (starring in a popular sitcom and hosting a BBC chatshow respectively), they are also two rare examples of comedy characters who have returned sporadically over multiple decades: Steve Coogan’s alter ego made his television debut 32 years ago, while Lisa Kudrow first appeared as Cherish in The Comeback in 2005, returning for a second season nine years later and a third this week. Yet the pair are most alike as prisms through which their creators can satirise the ever-evolving entertainment landscape. Thus far, Partridge’s career has been bookended by sports commentary and self-funded documentaries about mental health; in between we’ve had sendups of local radio, travelogues, podcasting, celebrity memoir and teatime magazine shows. The Comeback, meanwhile, began as a twin spoof of the studio sitcom and reality TV. Co-created by Kudrow and Michael Patrick King (best known for directing and writing for Sex and the City and And Just Like That ), season one revolved around the making of a fly-on-the-wall documentary about Cherish’s return to work in a trashy comedy called Room and Bored. In 2014, The Comeback – the name of both the actual show and the reality TV programme within it – was revived to chronicle another career renaissance; this time, Cherish won serious acclaim as the star of Seeing Red, a dark dramedy inspired by the real-life conflict between her and Room and Bored’s heroin-addicted co-writer Paulie G. Continue reading...
The S&P 500 (SNPINDEX:^GSPC) rose 0.54% to 6,591.90, the tech-heavy Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.77% to 21,929.83 in another headline-driven day of trading. and the Dow Jones Industrial Average (DJINDICES:^DJI) climbed 0.66% to 46,429.49.
The S&P 500 (SNPINDEX:^GSPC) rose 0.54% to 6,591.90, the tech-heavy Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.77% to 21,929.83 in another headline-driven day of trading. and the Dow Jones Industrial Average (DJINDICES:^DJI) climbed 0.66% to 46,429.49.
monsitj/iStock via Getty Images Front-month gold futures broke a five-session losing streak Wednesday as diplomatic efforts to end the Middle East war and a decline in oil prices eased concerns over inflation. Oil prices slumped following reports that the Trump administration had sent Iran a 15-point proposal aimed at ending the war, and despite Iran's initial negative response, the effort signal...
monsitj/iStock via Getty Images Front-month gold futures broke a five-session losing streak Wednesday as diplomatic efforts to end the Middle East war and a decline in oil prices eased concerns over inflation. Oil prices slumped following reports that the Trump administration had sent Iran a 15-point proposal aimed at ending the war, and despite Iran's initial negative response, the effort signaled to markets that at least "there's an intent from the U.S. to move toward some sort of resolution," BMO Capital commodities analyst Helen Amos said in a note. "The market is starting to see some sort of off ramp in the coming weeks," Amos wrote of the war, "but we're not getting convincing evidence yet that speculative money is going to come back into the [precious metals] space." Rising oil prices since the start of the war had sparked inflation concerns, dimming hopes for near-term interest rate cuts and lifting both bond yields and the dollar, and "a partial normalization in these factors would relieve that pressure, allowing investors to refocus on gold's longer-term appeal," Saxo Bank analysts said in a note. Reduced investor positioning, a drop in buying from the Middle East, and expectations of rate hikes have all weighed on gold, UBS Global Wealth Management chief investment officer Mark Haefele said in a note. "With some of these factors likely to reverse in the coming months, we view the current setback in gold prices as an opportunity to add positions." Front-month Comex gold ( XAUUSD:CUR ) for March delivery jumped 3.4% to $4,549.80/oz, and front-month Comex March silver ( XAGUSD:CUR ) climbed 4.4% to $72.361/oz, its second straight gain after nine consecutive days of losses; so far this month, gold and silver are still down 13% and 22%, respectively. ETFs: ( GLD ), ( GDX ), ( GDXJ ), ( IAU ), ( NUGT ), ( PHYS ), ( GLDM ), ( AAAU ), ( SGOL ), ( RING ), ( BAR ), ( OUNZ ), ( SLV ), ( PSLV ), ( SIVR ), ( SIL ), ( SILJ ) More on gold and silver Why I'm Not Waiting...
BLM Activist Ordered To Pay Back $224,000 In COVID Relief Funds, Donations Authored by Jill McLaughlin via The Epoch Times, A Black Lives Matter activist in Boston was ordered on March 23 to pay back more than $224,000 in pandemic relief funds and donations to her nonprofit. Monica Cannon-Grant, 44, pleaded guilty last fall to multiple fraud charges and filing false tax returns. She was sentenced ...
BLM Activist Ordered To Pay Back $224,000 In COVID Relief Funds, Donations Authored by Jill McLaughlin via The Epoch Times, A Black Lives Matter activist in Boston was ordered on March 23 to pay back more than $224,000 in pandemic relief funds and donations to her nonprofit. Monica Cannon-Grant, 44, pleaded guilty last fall to multiple fraud charges and filing false tax returns. She was sentenced to serve six months of home confinement, 100 hours of community service, and four years of probation. Federal District Court Judge Angel Kelly in Boston set the monetary judgment equal to the amount of money Cannon-Grant admitted taking from nonprofit Violence in Boston, which Cannon-Grant founded and where she formerly served as CEO. In March 2023, a grand jury handed down a 27-count indictment against Cannon-Grant and her husband Clark Grant, charging them with fraud in connection to Violence in Boston, which they founded in 2017. Grant died in a motorcycle crash three weeks after the indictment was served while driving about 30 minutes east of Boston. Federal prosecutors said Cannon-Grant paid herself about $25,100 in 2020 and more than $170,000 in 2021 from the nonprofit’s account, according to the charging documents . About $181,037 of the total funds in question were donated to the organization and diverted for her personal use, $33,426 was obtained from pandemic unemployment assistance benefits, and $12,600 were from rental assistance funds, according to the judge. In September, Cannon-Grant admitted to diverting thousands of dollars in donor money earmarked for the nonprofit for her own personal use, according to federal prosecutors. In one instance, prosecutors say after receiving about $54,000 in pandemic relief funds from the city of Boston, Cannon-Grant withdrew about $30,000 in cash from the nonprofit’s account and made deposits of $5,200 and $1,000 into her personal checking account. She also made payments on her personal auto loan and car insurance policy. Ca...
OpenAI plans to discontinue its Sora AI video generator six months after the high-profile launch of a standalone app for the service, as the company works to simplify its portfolio of artificial intelligence products. The ChatGPT maker and Walt Disney Co. are also winding down their partnership, which had centered on Sora, OpenAI said Tuesday. Disney had previously agreed to license iconic charact...
OpenAI plans to discontinue its Sora AI video generator six months after the high-profile launch of a standalone app for the service, as the company works to simplify its portfolio of artificial intelligence products. The ChatGPT maker and Walt Disney Co. are also winding down their partnership, which had centered on Sora, OpenAI said Tuesday. Disney had previously agreed to license iconic characters including Mickey Mouse and Cinderella to OpenAI for use on Sora and to take a $1 billion stake in the startup. The deal was entirely in stock warrants rather than a cash licensing fee, Bloomberg has reported. Bloomberg News AI Reporter Rachel Metz joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Dave Jonasen/iStock Editorial via Getty Images Introduction I have written about several hospitality REITs previously, most recently on Services Property Trust ( SVC ) and Host Hotels & Resorts ( HST ). In terms of size, the focus of today’s article, Chatham Lodging Trust ( CLDT ) is similar to the former. Chatham Lodging Trust is a small-cap hospitality REIT which presents a compelling opportunit...
Dave Jonasen/iStock Editorial via Getty Images Introduction I have written about several hospitality REITs previously, most recently on Services Property Trust ( SVC ) and Host Hotels & Resorts ( HST ). In terms of size, the focus of today’s article, Chatham Lodging Trust ( CLDT ) is similar to the former. Chatham Lodging Trust is a small-cap hospitality REIT which presents a compelling opportunity to investors looking for a well-run REIT with room for substantial growth. Portfolio Chatham Lodging Trust’s portfolio of hotels are in two main categories: upscale extended-stay hotels and premium-branded select-service hotels. Following the acquisition of six Hilton-branded hotels earlier this month, the company’s portfolio comprises 39 hotels with approximately 5,610 rooms. However, its main focus is on the extended-stay segment, with 64% of the company’s total room count falling under this category. This same category also accounted for 66% of the company’s EBITDA. CLDT Mar'26 Investor Presentation Compared to other hotels, extended-stay hotels typically outperform in economic downturns. This is due to several reasons, such as lower labor costs (a benefit shared by select-service hotels) and longer average stays, all of which mean the company has better margins. In fact, the company’s EBITDA margins are one of the highest, if not the highest, in the industry. CLDT Mar'26 Investor Presentation Balance Sheet One of the advantages Chatham Lodging Trust has comes in the form of its balance sheet. As of 31 December 2025, the company’s total debt stands at $343 million, at a weighted average rate of 6.2%, comprising $143 million in fixed-rate mortgage debt and $200 million on an unsecured term loan. In terms of liquidity, the company has $324 million in total liquidity, comprising $24 million of unrestricted cash and a further $300 million available to it from its revolving credit facility. Its net debt to EBITDA stands at a multiple of 3.4x, one of the lowest among its pee...
Stocks rose on hopes for an Iran off-ramp. Iran on Wednesday rejected a U.S. proposal to end the war and set out its own list of demands, including financial compensation for war damages. The British chip-design company, which typically licenses chip designs to other businesses, announced its first-ever in-house chip on Tuesday.
Stocks rose on hopes for an Iran off-ramp. Iran on Wednesday rejected a U.S. proposal to end the war and set out its own list of demands, including financial compensation for war damages. The British chip-design company, which typically licenses chip designs to other businesses, announced its first-ever in-house chip on Tuesday.
Arm公司（ARM）股价周三暴涨超 15%，此前该公司正式发布首款量产级数据中心处理器 —— Arm AGI 通用人工智能中央处理器。 Arm传统上仅向其他企业授权其知识产权，用于自研芯片，客户包括苹果、英伟达（NVDA）等；英伟达的 Grace 与 Vera CPU 均采用了Arm的技术架构。 图形处理器（GPU）凭借训练和运行 AI 模型的能力长期主导数据中心市场。但随着 AI 模型推理场景比...
Arm公司（ARM）股价周三暴涨超 15%，此前该公司正式发布首款量产级数据中心处理器 —— Arm AGI 通用人工智能中央处理器。 Arm传统上仅向其他企业授权其知识产权，用于自研芯片，客户包括苹果、英伟达（NVDA）等；英伟达的 Grace 与 Vera CPU 均采用了Arm的技术架构。 图形处理器（GPU）凭借训练和运行 AI 模型的能力长期主导数据中心市场。但随着 AI 模型推理场景比训练场景更为普遍，且行业向智能体应用转型，中央处理器（CPU）的重要性正日益凸显。 这为Arm推出自研处理器创造了机遇。该公司此次不仅发布了芯片，还同步推出可大规模运行该芯片的服务器机柜。 尽管英特尔（INTC）、超威半导体（AMD）等厂商的 X86 架构芯片目前主导数据中心市场，但Arm表示，其 CPU 单机柜性能可达上述平台的两倍。 Arm控股首席执行官展示公司 AGI CPU。 Arm称，该 AGI CPU 系与 Meta联合研发，Meta 将在其数据中心内部署这款芯片，同时搭配自研定制芯片使用。 除 Meta 外，Arm还与 Cerebras、Cloudflare（NET）、F5（FFIV）、OpenAI（OPAI.PVT）、Positron（POSC）、Rebellions、思爱普（SAP）以及韩国 SK 电讯（SKM）等企业展开合作，这些公司将把该芯片用于智能体 AI 等相关应用。 尽管华尔街对Arm新款芯片反应热烈，但美国银行全球研究分析师维韦克・阿利亚在致投资者报告中指出，Arm远非 CPU 市场的唯一参与者。 他写道：“需要强调的是，CPU 市场竞争已极为激烈。X86 与Arm架构的现有厂商均拥有更全面的产品组合与成熟的软件生态系统，能够服务企业与电信客户。” 阿利亚表示：“超大规模云厂商均拥有自研定制 CPU，而Arm核心客户 Meta、OpenAI 已与 AMD、英伟达签订现有 CPU 合作协议，Arm AGI CPU 的市场空间有限。此外，AI 行业规模越大，Arm智能手机及消费电子业务面临的内存供应压力就越大。” 本月早些时候，Meta 与英伟达宣布扩大合作，英伟达将向这家社交媒体巨头提供迄今规模最大的 Grace 纯 CPU 服务器部署方案。 就在上周，AMD 也宣布与 Meta 达成合作，其中包括搭载该公司 Venice 及下一代 Verano...
Amy Sparwasser/iStock via Getty Images Thesis US Treasuries have always been seen as a safe haven from financial shocks. However, since the COVID crisis, high deficits and unfavorable maturity structure of Treasuries have pushed inflation expectations and yield on all parts of the curve up. Even before the oil shock tied to supply-chain problems due to the situation in the Middle East, we had a be...
Amy Sparwasser/iStock via Getty Images Thesis US Treasuries have always been seen as a safe haven from financial shocks. However, since the COVID crisis, high deficits and unfavorable maturity structure of Treasuries have pushed inflation expectations and yield on all parts of the curve up. Even before the oil shock tied to supply-chain problems due to the situation in the Middle East, we had a bearish view on the Treasury, especially on the long-end part of the curve. Now, our bearish view on duration is more emphasized with a positive view on ultra-short duration. Finally, we conclude that this year will not be about making high returns, but more about the protection of the current portfolio. Why we don't like long duration? It was early January this year when we sounded an alarm over bond and equity markets and argued that gold exposure is the only rational hedge in town ( here , here ). This article will focus only on the treasury bond part of the market, with articles focused on corporate bonds, equities and gold yet to follow. Since those articles were published, we have had major supply chain disruption due to the war in the Middle East that pushed all US breakeven rates well over the FED target rate of 2%. For investors not well familiar with the bond market, a breakeven rate is the difference between the nominal yield and the real yield on inflation-indexed securities (like TIPS), representing the market's expected annual inflation rate over a given period. So, the market is currently pricing an inflation rate over the period of one year to reach 5% level, the highest level after the COVID-19 shock, while much less volatile rates for 2-year expected inflation are at 3.16% and 2.6% for the 5-year expected inflation rate. Please note the structural change from the pre-COVID to the post-COVID period. While the pre-COVID period had all long-term inflation rates well belove 2% with only casual short-term spikes in expectations, supportive for lower yields, the p...
Marchex (MCHX) delivered earnings and revenue surprises of -300.00% and -1.11%, respectively, for the quarter ended December 2025. Do the numbers hold clues to what lies ahead for the stock?
Marchex (MCHX) delivered earnings and revenue surprises of -300.00% and -1.11%, respectively, for the quarter ended December 2025. Do the numbers hold clues to what lies ahead for the stock?
Advanced Micro Devices (NASDAQ:AMD), a designer of microprocessors and graphics chips, closed at $220.27, up 7.26% Wednesday after reports highlighted CPU price hike plans, robust AI infrastructure demand. CPU pricing power headlines and optimism about new AI accelerators and par
Advanced Micro Devices (NASDAQ:AMD), a designer of microprocessors and graphics chips, closed at $220.27, up 7.26% Wednesday after reports highlighted CPU price hike plans, robust AI infrastructure demand. CPU pricing power headlines and optimism about new AI accelerators and par