By David Lawder and Alexandra Alper WASHINGTON, Feb 10 (Reuters) - AI chip company Nvidia "must live with" the licensing terms on sales of its second most advanced AI chip to China, Commerce Department Secretary Howard Lutnick said at a hearing on Tuesday. "The license terms are very detailed. They've been worked out together with the State Department, and those terms Nvidia must live with," he...
By David Lawder and Alexandra Alper WASHINGTON, Feb 10 (Reuters) - AI chip company Nvidia "must live with" the licensing terms on sales of its second most advanced AI chip to China, Commerce Department Secretary Howard Lutnick said at a hearing on Tuesday. "The license terms are very detailed. They've been worked out together with the State Department, and those terms Nvidia must live with," he said. When asked if he trusted the Chinese to abide by restrictions on the use of the chips, known as the H200, Lutnick deferred to President Donald Trump. Reuters reported last week that Nvidia has not agreed to proposed conditions for use of its chips in China, including the Know-Your-Customer requirement - which ensures China's military does not access the chips. Permission for Nvidia to sell its prized AI chips to China came after U.S. and Chinese Presidents Trump and Xi Jinping brokered a trade truce in South Korea in October. It included a U.S. pledge to postpone by a year a rule barring shipments of American technology to thousands of Chinese firms. When asked about the decision on Tuesday, Lutnick again deferred to Trump, noting that the "complex relationship" between the U.S. and China is in the hands of Trump and the secretary of state. "They help us and instruct us and we follow their lead." "We all are familiar with the weaponization of critical minerals and rare earths and magnets, and so the resolution of those topics is really with the president," he added. (Reporting by Alexandra Alper and David LawderEditing by Rod Nickel)
After a day of turmoil where the Scottish Labour leader, Anas Sarwar, called for Keir Starmer to resign, Labour MPs and cabinet members seem to be rallying around the prime minister. Can Starmer bounce back from this latest blow to his leadership? And what might the road to recovery look like for Labour? Lucy Hough speaks to columnist Aditya Chakrabortty Continue reading...
After a day of turmoil where the Scottish Labour leader, Anas Sarwar, called for Keir Starmer to resign, Labour MPs and cabinet members seem to be rallying around the prime minister. Can Starmer bounce back from this latest blow to his leadership? And what might the road to recovery look like for Labour? Lucy Hough speaks to columnist Aditya Chakrabortty Continue reading...
primeimages/iStock via Getty Images Because of the recent plunge in the group, the average software stock in the Russell 1,000 needs to gain more than 50% to get back to its consensus analyst price target! The rapidity of the decline hasn't given analysts who cover the group time to catch up to the downside. With share prices now dramatically lower than price targets, analysts have to decide wheth...
primeimages/iStock via Getty Images Because of the recent plunge in the group, the average software stock in the Russell 1,000 needs to gain more than 50% to get back to its consensus analyst price target! The rapidity of the decline hasn't given analysts who cover the group time to catch up to the downside. With share prices now dramatically lower than price targets, analysts have to decide whether to hold firm or start cutting estimates. Below is a list of the Russell 1,000 software stocks that are now the farthest below their average analyst price targets. Strategy ( MSTR ) is the farthest below its average price target at 63%, followed by another five stocks that are more than 50% below: Aurora ( AUR ), Circle ( CRCL ), HubSpot ( HUBS ), Rubrik ( RBRK ), and Guidewire ( GWRE ). Oracle ( ORCL ) came into the week trading at $142.80, but analysts covering the stock still have an average price target of $282, or nearly double that level. Other large software stocks with $100+ billion market caps that are at least 33% below their price targets include ServiceNow ( NOW ), Intuit ( INTU ), AppLovin ( APP ), Salesforce ( CRM ), Adobe ( ADBE ), and Microsoft ( MSFT ). As shown below, the software stocks listed came into the week down an average of 24.8% year-to-date and 21.8% below their 50-day moving averages. Unless share prices have a quick V-shaped recovery, analysts will likely be forced to start lowering price targets, which would potentially act as a further headwind. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
Feb 10 (Reuters) - Tesla has named its head of European operations, Joe Ward, to oversee the company's sales globally, Bloomberg News reported on Tuesday, citing people familiar with the matter. The move follows the departure of Tesla's head of North American sales, Raj Jegannathan, marking the latest in a string of executive exits at the EV maker over the past couple of years. Tesla did not ...
Feb 10 (Reuters) - Tesla has named its head of European operations, Joe Ward, to oversee the company's sales globally, Bloomberg News reported on Tuesday, citing people familiar with the matter. The move follows the departure of Tesla's head of North American sales, Raj Jegannathan, marking the latest in a string of executive exits at the EV maker over the past couple of years. Tesla did not immediately respond to a Reuters request for comment. Ward joined Tesla as a logistics intern in 2010 and rose up the ranks to be named vice president for the EMEA region in 2022, according to his LinkedIn profile. The Elon Musk-led EV maker's sales have been pressured by increasing competition, particularly from Chinese and legacy automakers offering lower-priced EVs and brand damage from the CEO's right-wing political stance. The company reported its second consecutive drop in annual deliveries last month despite the EV maker's efforts to drum up demand with incentives. Tesla is pivoting to focus on developing its full self-driving system, robotaxis, and humanoid robots, as it shifts away from being primarily a carmaker even though its core EV business brings most of the company's revenue. (Reporting by Akash Sriram in Bengaluru; Editing by Alan Barona)
His killer, who was 14 at the time, pleaded guilty to murder last month at Birmingham Crown Court as well as admitting several other offences after he attacked three elderly women in the days leading up to the killing.
His killer, who was 14 at the time, pleaded guilty to murder last month at Birmingham Crown Court as well as admitting several other offences after he attacked three elderly women in the days leading up to the killing.
Earnings Call Insights: Medpace Holdings, Inc. (MEDP) Q4 2025 Management View CEO August Troendle stated, "Cancellations were elevated again in Q4. Backlog cancellations in absolute and percent terms were the highest they've been in over a year. This resulted in a lower than anticipated net book-to-bill ratio of 1.04." Troendle commented on the business environment, describing it as "adequate and ...
Earnings Call Insights: Medpace Holdings, Inc. (MEDP) Q4 2025 Management View CEO August Troendle stated, "Cancellations were elevated again in Q4. Backlog cancellations in absolute and percent terms were the highest they've been in over a year. This resulted in a lower than anticipated net book-to-bill ratio of 1.04." Troendle commented on the business environment, describing it as "adequate and headed in the right direction" and noted, "I see no reason to expect the higher level of cancellations to continue, but did not anticipate the spike in Q4. Only time will tell." President Jesse Geiger reported, "Revenue in the fourth quarter of 2025 was $708.5 million, which represents a year-over-year increase of 32% and full year 2025 revenue was $2.53 billion, a 20% increase from 2024." Geiger highlighted net new business awards for Q4 at $736.6 million and ending backlog as of December 31, 2025, at approximately $3 billion. He projected $1.9 billion of backlog to convert to revenue in the next 12 months. CFO Kevin Brady said, "EBITDA of $160.2 million increased 20% compared to $133.5 million in the fourth quarter of 2024. Full year EBITDA was $557.7 million and increased 16.1% from the comparable prior year period." Brady added, "EBITDA margin for the fourth quarter was 22.6% compared to 24.9% in the prior year period. Full year EBITDA margin was 22% compared to 22.8% in the prior year." Outlook Full year 2026 total revenue is expected in the range of $2.755 billion to $2.855 billion, representing growth of 8.9% to 12.8% over 2025. EBITDA is forecasted in the range of $605 million to $635 million, or growth of 8.5% to 13.9%. Net income is projected between $487 million and $511 million. Earnings per diluted share for 2026 is expected to be $16.68 to $17.50. Brady stated, "This guidance assumes a full year 2026 effective tax rate of 18.5% to 19.5%, interest income of $24.3 million and 29.2 million in diluted weighted average shares outstanding for 2026." Brady addressed ...
Earnings Call Insights: Lee Enterprises (LEE) Q1 2026 Management View Interim CEO Nathan Bekke reported a strong start to fiscal 2026, highlighting "significant first quarter adjusted EBITDA growth and a transformational improvement to our capital structure." Bekke noted that adjusted EBITDA grew 61% year-over-year to $12 million, citing "consistent execution across the core business and disciplin...
Earnings Call Insights: Lee Enterprises (LEE) Q1 2026 Management View Interim CEO Nathan Bekke reported a strong start to fiscal 2026, highlighting "significant first quarter adjusted EBITDA growth and a transformational improvement to our capital structure." Bekke noted that adjusted EBITDA grew 61% year-over-year to $12 million, citing "consistent execution across the core business and disciplined cost management." Bekke also announced the completion of a $50 million equity investment that he said "materially strengthens our balance sheet and significantly improves our liquidity." Bekke emphasized the company's "Three Pillar Digital Growth Strategy" and described Lee's transformation into a "digital-first company," stating, "Digital is no longer an emerging segment inside the legacy business, but the primary economic engine of the company." The company set a goal to reach $450 million in digital revenue by 2030, with nearly $300 million in digital revenue over the last 12 months, according to Bekke. He described the $50 million private placement as a move that "shores up our balance sheet in both the near and long term and will lead to future deleveraging." Bekke announced a reduction in the interest rate on $455 million in debt to 5% from 9% for five years, with expected annual interest savings of $18 million or up to $90 million over five years. He stated, "That significant cash flow improvement over the 5-year horizon will allow us the flexibility to invest in our core business and drive digital growth." Interim CFO Josh Rinehults stated, "Q1 adjusted EBITDA increased by a significant 61% or $5 million over the prior year, reflecting improved operating efficiency and tighter expense control." Outlook Bekke reaffirmed the outlook for fiscal 2026 of adjusted EBITDA growth in the mid-single digits. He expressed increased confidence in the company's position, stating, "The transaction and interest reduction give us increased confidence in not only fiscal 2026, but ...
Shokz OpenFit Air earbuds are $40 off in all colorways. | Image: The Verge If you like to take your workouts outside, open-ear earbuds are helpful for staying aware of surroundings, but that extra peace of mind often comes at the expense of bass. The Shokz OpenFit Air Earbuds actually try to address that problem, though, and they’re currently $79.95 ($40 off) at Amazon , Target , and directly from...
Shokz OpenFit Air earbuds are $40 off in all colorways. | Image: The Verge If you like to take your workouts outside, open-ear earbuds are helpful for staying aware of surroundings, but that extra peace of mind often comes at the expense of bass. The Shokz OpenFit Air Earbuds actually try to address that problem, though, and they’re currently $79.95 ($40 off) at Amazon , Target , and directly from Shokz — which is their best price to date. Shokz OpenFit Air Where to Buy: $119.95 $79.95 at Amazon $119.95 $79.99 at Best Buy Unlike many of Shokz’ other models, the OpenFit Air uses traditional air conduction — similar to a pair of wireless earbuds — instead of bone conduction tech, which results in noticeably decent bass performance. Granted, they still can’t match traditional in-ear wireless earbuds, but they at least sound less muddy than a lot of bone conduction alternatives. Ear hooks also keep the OpenFit Air in place, and for the most part they’re comfortable (though they can feel less stable when you’re donning glasses, as our wearables reviewer found out in her testing ). They’ve also got decent battery life that lasts six hours on a single charge which is fine for most workouts. Plus, they carry an IP55 rating for sweat and water resistance, so they can withstand sweaty workouts and light rain. Read our Shokz OpenFit Air review. Some more ways to save: The Kobo Clara Colour is on sale for $139.99 ($20 off) at Amazon , directly from Rakuten Kobo , and Best Buy , which matches its best price to date. The e-reader is a budget alternative to the $209.99 ($20 off) Kobo Libra Colour , our favorite non-Amazon e-reader , offering a color screen that’s sharp and snappy. It also boasts an IPX8 waterproof design, though it’s smaller at six-inches and lacks the Libra Colour’s physical page-turning buttons as well as stylus compatibility. You can buy a four-pack of Samsung’s SmartTag 2 item trackers from Woot for $44.99 ($45 off), which is a new low that brings the cost dow...
vizinspiration/iStock via Getty Images The VanEck Steel ETF ( SLX ) is a passively managed exchange-traded fund designed to track the performance of the global steel industry, providing investors with broad, sector-focused industry and geographic diversification. The steel industry can be valued based on multiple factors, given that steel is produced regionally and is traded globally and is genera...
vizinspiration/iStock via Getty Images The VanEck Steel ETF ( SLX ) is a passively managed exchange-traded fund designed to track the performance of the global steel industry, providing investors with broad, sector-focused industry and geographic diversification. The steel industry can be valued based on multiple factors, given that steel is produced regionally and is traded globally and is generally valued based on the global benchmark for steel prices, adding certain macroeconomic intricacies that may influence the performance of individual steel companies. Given the general risks associated with stock selection, SLX may be ideal for investors seeking exposure to the global steel industry. About the VanEck Steel ETF SLX was launched by VanEck on October 10, 2006, on the NYSE Arca Exchange. The ETF has a net expense ratio of 56bps, 50bps of which is the management fee. SLX exhibits moderate liquidity with $202mm in net assets with an average of $4.36mm in share value changing hands on a daily basis. SLX pays out an annual distribution, which has historically derived from net investment income. Corporate Filings Despite paying out an annual distribution, the payout may not be consistent year-to-year; the most recent payout was $1.32/share with a yield of 1.34%. Seeking Alpha SLX was designed to track the MarketVector Global Steel Index , which tracks the stocks of companies that primarily operate in the steel industry. The Index includes companies whose market capitalizations are at a minimum of $150mm with an average daily trading volume of $1mm in share value. Constituents must generate at least 50% of revenue from steel in order to be included in the Index. The Index uses a market capitalization-based weighting approach and provides exposure across small-to-large-cap companies. Individual constituents are capped at 8% of the total Index weight. The Index is made up of 38 components, with the largest constituents including Rio Tinto ( RIO ) at 8.39%, BHP Group ( B...