Costco Wholesale (NASDAQ: COST) investors may be scratching their heads a bit over recent stock price movements following seemingly strong sales and earnings reports. On June 3, the big-box retailer posted a huge May sales increase, up 14% from last May to $24 billion. Net sales for the first 39 weeks of the fiscal year are up 10% from the same period last year. Comparable store sales rose 12.5% i...
Costco Wholesale (NASDAQ: COST) investors may be scratching their heads a bit over recent stock price movements following seemingly strong sales and earnings reports. On June 3, the big-box retailer posted a huge May sales increase, up 14% from last May to $24 billion. Net sales for the first 39 weeks of the fiscal year are up 10% from the same period last year. Comparable store sales rose 12.5% in May and have jumped 8% through the first 39 weeks. That was boosted by strength in two areas, including digital or online sales, which rose an impressive 21% year over year in May and 21% through the first 39 weeks. Continue reading
Mrinal Pal Cadence Design Systems's ( CDNS ) announcement of an expanded deal with Intel Foundry ( INTC ) to accelerate Intel 14A process optimization is “incrementally positive” for the electronic design automation firm, Stifel said. Cadence shares rose 0.5% in premarket trading on Tuesday, while Intel shares rose around 2%. “We view this announcement as incrementally positive for CDNS on several...
Mrinal Pal Cadence Design Systems's ( CDNS ) announcement of an expanded deal with Intel Foundry ( INTC ) to accelerate Intel 14A process optimization is “incrementally positive” for the electronic design automation firm, Stifel said. Cadence shares rose 0.5% in premarket trading on Tuesday, while Intel shares rose around 2%. “We view this announcement as incrementally positive for CDNS on several fronts: (1) validation of the strategic value of CDNS’ agentic AI-based tools and Design IP solutions in emerging leading-edge workflows; (2) expansion of CDNS' footprint into what we believe could become a more meaningful customer acquisition node for Intel Foundry; (3) the potential to further expand positioning at Intel on future design opportunities (where CDNS remains under indexed) and (4) longer-duration revenue visibility that complements CDNS’ growing backlog position,” Stifel analyst Ruben Roy wrote in a note to clients. Roy has a Buy rating and upped his price target on Cadence to $432 from $395 after the news. Aside from the impact on Cadence, Roy said he believes the 14A manufacturing node is “pivotal” for Intel, as it looks to compete with Taiwan Semiconductor ( TSM ) and Samsung ( SSNLF ) in the global foundry market. “We have previously noted our view that Intel 14A represents Intel Foundry's potential to re-establish process leadership and attract a more significant set of external fabless customers,” Roy added. “Early EDA ecosystem lock- in — PDK certification, reference flows, design IP — tends to be sticky and longer-term in nature.” More on Cadence Design Systems and Intel Wall Street Lunch: Intel Leads Chip And AI Rally On Google, Nvidia Foundry Report Intel: Getting Better, But Not Quite There Yet Cadence: The Silicon Arms Race Is Just Getting Started Cadence announces collaboration with Intel Foundry Intel leads AI and chip stocks higher after report that Nvidia, Google considering it as backup chipmaker
The performance of consumer discretionary businesses is closely linked to economic cycles. Over the past six months, it seems like demand trends may be working against them as the industry’s returns were flat while the S&P 500 was up 8%.
The performance of consumer discretionary businesses is closely linked to economic cycles. Over the past six months, it seems like demand trends may be working against them as the industry’s returns were flat while the S&P 500 was up 8%.
We’re two days away from the start of the biggest World Cup ever. Football correspondent Ewan Murray is in North Carolina with the Scotland team ahead of their game against Haiti this weekend. Post your questions in the comments now on Scotland’s chances and anything World Cup-related. Ewan will be here answering them at around 5pm BST (12pm EST) Hello, and welcome to the first Guardian World Cup ...
We’re two days away from the start of the biggest World Cup ever. Football correspondent Ewan Murray is in North Carolina with the Scotland team ahead of their game against Haiti this weekend. Post your questions in the comments now on Scotland’s chances and anything World Cup-related. Ewan will be here answering them at around 5pm BST (12pm EST) Hello, and welcome to the first Guardian World Cup Q&A Ewan Murray is one of our newly expanded team of Guardian football correspondents scattered across North America to cover all 104 games. Ewan will be joining us live from Charlotte, North Carolina at 5pm BST (12pm EST), where Scotland didn’t play Norway on Monday, to answer any questions you might have about the World Cup as a whole and, specifically, Scotland’s chances in group C alongside Haiti and France 98 group rivals Brazil and Morocco. Post your comments and questions below the line and Ewan will answer as many as he can. Here’s some reading/watching/listening in the meantime: Continue reading...
10x Genomics ( TXG ) has acquired Proteintech Genomics, the genomics division of Proteintech Group, in a move aimed at expanding its proteomics capabilities. Financial terms of the deal were not disclosed, and 10x Genomics said the acquisition is not expected to have a material impact on its near-term financial outlook. Proteintech Genomics brings differentiated technologies, including its Human D...
10x Genomics ( TXG ) has acquired Proteintech Genomics, the genomics division of Proteintech Group, in a move aimed at expanding its proteomics capabilities. Financial terms of the deal were not disclosed, and 10x Genomics said the acquisition is not expected to have a material impact on its near-term financial outlook. Proteintech Genomics brings differentiated technologies, including its Human Discovery Panel, said to be the largest antibody-based single-cell protein panel, designed to support integrated analysis of intracellular proteins, cell surface proteins, and transcriptomic profiles within sequencing-compatible workflows. More on 10x Genomics 10x Genomics, Inc. (TXG) Shareholder/Analyst Call Prepared Remarks Transcript 10x Genomics, Inc. (TXG) Presents at Bank of America Global Healthcare Conference 2026 Transcript 10x Genomics, Inc. (TXG) Q1 2026 Earnings Call Transcript 10x Genomics GAAP EPS of -$0.10 beats by $0.19, revenue of $150.8M beats by $4.24M 10x Genomics Q1 2026 Earnings Preview
In this article EBAY ETSY Follow your favorite stocks CREATE FREE ACCOUNT Online resale app Vinted is seeing a structural shift in consumer behaviour, as habits form around the resale economy, the company's marketplace boss told CNBC on Monday. Vinted, the consumer-to-consumer platform allowing customers to sell unwanted items like clothing, electronics, or even furniture, has seen rapid growth in...
In this article EBAY ETSY Follow your favorite stocks CREATE FREE ACCOUNT Online resale app Vinted is seeing a structural shift in consumer behaviour, as habits form around the resale economy, the company's marketplace boss told CNBC on Monday. Vinted, the consumer-to-consumer platform allowing customers to sell unwanted items like clothing, electronics, or even furniture, has seen rapid growth in recent years, boosted by consumers increasingly looking for value amid rising costs of living globally. The value of items sold on Vinted grew nearly 50% last year, as it launched in more European markets. "It's a fundamental change in consumption towards second hand, and I think that is very much here to stay," Adam Jay, CEO of Vinted Marketplace, told CNBC. "Vinted was growing well before the current economic difficulties, the cost of living crisis, inflation, and has continued to grow well in times of difficulty and stress." His comments come as Vinted in late April completed a secondary shares transaction of 880 million euros ($1.02 billion), valuing the Lithuanian startup at over $9 billion. Vinted's rapid growth and multi-billion dollar valuation have fueled intense speculation regarding a potential blockbuster IPO. The company's robust financial health also signals that it is under little pressure to list soon, as it is cash-positive and capable of raising nearly a billion euros in private capital. Executives have hinted at an upcoming IPO but haven't given a timeline. Jay said he was happy with the current investors, but declined to comment on the timing and location of a potential IPO. The secondary transaction led by EQT brought on new investors such as Schroders Capital and BlackRock , and saw existing shareholders like Baillie Gifford increase their position. It introduced "institutional, long-term investors that can hold across private and public markets, while providing liquidity to existing shareholders and employees," Vinted said at the time. The company di...
Forada, a macro hedge fund managing money for investors including ExodusPoint Capital Management, is preparing to close a leveraged strategy it launched at the start of the year to new cash. The strategy, which uses twice the leverage of its original share class, has rapidly amassed $1 billion of assets, according to a person with knowledge of the matter. While most of the inflows have come from n...
Forada, a macro hedge fund managing money for investors including ExodusPoint Capital Management, is preparing to close a leveraged strategy it launched at the start of the year to new cash. The strategy, which uses twice the leverage of its original share class, has rapidly amassed $1 billion of assets, according to a person with knowledge of the matter. While most of the inflows have come from new investors, the vast majority of clients in the firm’s original single-levered fund have now also moved to the new strategy, the person said, asking not to be identified as the details aren’t public. The move reflects investors’ risk tolerance as they back managers using increased leverage in pursuit of higher returns. Forada’s standard single-leveraged iteration has returned 7.9% annually since inception in 2016 and is up 2.6% in the year through May, the person said. The double-leveraged fund was up 4.2% in the same period, they added. A representative for London-based Forada declined to comment. The capital raise has bolstered Forada’s firm-wide assets to a record $3.4 billion. That includes a separately managed account for ExodusPoint. The firm plans to close the double-leveraged hedge fund to new money in July, joining a wave of hedge funds spurning cash as they look to control their size. Firms including Swiss hedge fund ADAPT Investment Managers shut its doors to new capital in February, while UK based stock-pickers Greenvale Capital and Boldhaven Management were also preparing to turn away cash, Bloomberg has reported. Read more: Hedge Funds Say No to New Cash Just as Clients Rush to Allocate Hedge fund managers typically resort to restricting inflows or even returning capital in order to protect returns. That’s because size can be a hurdle when navigating volatile markets and within some asset classes. Macro trader Chris Rokos ’ hedge fund firm last year planned to cap its assets at $20 billion and return excess cash, while Marshall Wace handed back billions of d...
Complaints-led approach could pile £6bn of extra costs on to lenders, says City watchdog Business live – latest updates The City watchdog has warned that a wave of legal challenges to the compensation scheme for victims of the motor finance scandal could leave drivers waiting three more years for payouts, while piling £6bn of extra costs on to lenders. Bosses at the Financial Conduct Authority (FC...
Complaints-led approach could pile £6bn of extra costs on to lenders, says City watchdog Business live – latest updates The City watchdog has warned that a wave of legal challenges to the compensation scheme for victims of the motor finance scandal could leave drivers waiting three more years for payouts, while piling £6bn of extra costs on to lenders. Bosses at the Financial Conduct Authority (FCA), who have consistently hit out at lenders and a consumer claims group for challenging its scheme, told MPs the scandal could affect lenders for years, and have “consequences” by stretching its resources. Continue reading...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Even with the market close to all-time highs, we can still find interesting opportunities if we are a bit active. That happens because from time to time there can be some pockets of fear despite general market bullishness. I think that one such pocket of fear is in the market’s view about Broadcom Inc. ( AVGO ) today. Yes, Broadcom is a...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Even with the market close to all-time highs, we can still find interesting opportunities if we are a bit active. That happens because from time to time there can be some pockets of fear despite general market bullishness. I think that one such pocket of fear is in the market’s view about Broadcom Inc. ( AVGO ) today. Yes, Broadcom is a major player in AI semiconductors, the queen of growth in the last years. And let’s be clear, we are not talking here about a cyclical name, or about an unprofitable name. No, we are talking about one of the strongest economic moats, a highly profitable company which is still estimating very high growth at least for another two years ahead. And yet, as I’ll describe below, I think that Mr. Market is underestimating them, with a major negative reaction after their recent earnings. It doesn’t matter too much why, perhaps due to a perceived structural gross margin decline, I’ll try to tackle it in detail below. However, it does matter that the market is close to all-time highs, therefore a general market (or industry) correction in this period with geopolitical crisis, with possible supply chain issues, could drag Broadcom even more down in the short-term, that’s why I will present a gradual strategy. Business Analysis and Economic Moat Broadcom has 2 main business segments : Broadcom Business Segments (Earnings Presentation) Semiconductor solutions This segment has several sub-segments that I want to analyse in detail, focusing especially on their competitive moat for each sub-segment: Custom Silicon Solutions Their main customers are Alphabet ( GOOGL ), where they have a first mover advantage (they are beginning to sell those TPUs to third parties), Meta ( META ), OpenAI ( OPENAI ), Anthropic ( ANTHRO ), and two other customers. I see a strong moat for this sub-segment (~29% of total revenue), based on some cost advantages with their partnership with Apollo and Blackstone (...
Belfast Horror: African Migrant Tries To Saw Off Victim's Head In Street Attack Authored by Steve Watson via modernity , Authorities and the media have scrambled to soften language around a graphic knife assault last night by an apparant African migrant that has left a local Belfast man fighting for his life with devastating injuries . Horrifcic footage shows the attacker straddling the victim and...
Belfast Horror: African Migrant Tries To Saw Off Victim's Head In Street Attack Authored by Steve Watson via modernity , Authorities and the media have scrambled to soften language around a graphic knife assault last night by an apparant African migrant that has left a local Belfast man fighting for his life with devastating injuries . Horrifcic footage shows the attacker straddling the victim and repeatedly stabbing his head before sawing at his neck in a clear attempt to behead him. Bystanders screamed in horror as the attack unfolded. However, police have described it as nothing more than a "stabbing incident" involving "a man." The assault happened shortly after 10:30pm on Monday on Kinnaird Avenue in north Belfast. the attacker hacked at his victim's head and neck with a small box cutter style Stanley knife. Locals rushed in to drag the assailant off, batting him with blunt objects before police finally arrived. African migrant just tried to behead a white man in North Belfast, Ireland. Video is too graphic to post. pic.twitter.com/ih5uVA4px6 - End Wokeness (@EndWokeness) June 8, 2026 Bystanders could be heard yelling: "He's trying to cut his head off." The victim is understood to be alive in hospital at the time of writing but has sustained life-altering injuries. Speculation online points to the possibility he has lost both eyes after the frenzied assault. WARNING - EXTREMELY GRAPHIC VIDEO: Watch video The Police Service of Northern Ireland issued a statement calling it merely a "stabbing incident." They confirmed one man has been arrested and another taken to hospital with serious injuries. There was no mention of the attacker's background, immigration status, or the obvious attempt to decapitate the victim. Just another 'stabbing' by a 'man', nothing else to see here. https://t.co/f0KdwKNF7d - m o d e r n i t y (@ModernityNews) June 9, 2026 It wasn't just a "stabbing incident". We all saw the video. The migrant was attempting to saw a guys head off - Inevit...
The recent Amazon infrastructure pact proves that hyperscalers are abandoning legacy copper cables in favor of advanced optical fiber for high-speed computing.
The recent Amazon infrastructure pact proves that hyperscalers are abandoning legacy copper cables in favor of advanced optical fiber for high-speed computing.
BioMark Diagnostics ( BMKDF ) announced on Tuesday that the USPTO granted a Notice of Patent Allowance for its lung cancer detection technology using urine samples. The patent expands the company's metabolomics platform beyond blood tests and covers lung cancer detection, screening, treatment monitoring, staging, and drug evaluation. The company said its metabolomics-based approach could provide a...
BioMark Diagnostics ( BMKDF ) announced on Tuesday that the USPTO granted a Notice of Patent Allowance for its lung cancer detection technology using urine samples. The patent expands the company's metabolomics platform beyond blood tests and covers lung cancer detection, screening, treatment monitoring, staging, and drug evaluation. The company said its metabolomics-based approach could provide an earlier and less invasive alternative to traditional DNA-based tests. The company is targeting the lung cancer liquid biopsy market, which is projected to exceed $24B by 2035. Source: Press Release More on Biomark Diagnostics Inc. Financial information for Biomark Diagnostics Inc.