US officials on Tuesday played down speculation that distracted air traffic controllers might have contributed to a deadly collision between an Air Canada jet and a fire truck at New York’s LaGuardia Airport. Two pilots were killed in the runway crash late on Sunday, which crushed the cockpit of the Bombardier plane and heavily damaged the emergency vehicle. Media reports said investigators were i...
US officials on Tuesday played down speculation that distracted air traffic controllers might have contributed to a deadly collision between an Air Canada jet and a fire truck at New York’s LaGuardia Airport. Two pilots were killed in the runway crash late on Sunday, which crushed the cockpit of the Bombardier plane and heavily damaged the emergency vehicle. Media reports said investigators were investigating whether airport traffic controllers were distracted by an odour issue on a United...
FedEx is launching same-day delivery through a partnership with OneRail, a final-mile platform. The post FedEx to compete in same-day delivery with Amazon, Walmart and UPS appeared first on FreightWaves.
FedEx is launching same-day delivery through a partnership with OneRail, a final-mile platform. The post FedEx to compete in same-day delivery with Amazon, Walmart and UPS appeared first on FreightWaves.
Tom Werner/DigitalVision via Getty Images Shares of Azenta, Inc. ( AZTA ) have fallen to fresh lows again amidst quite some corporate developments taking place. By now, shares have fallen to the $20 mark, levels first broken to the upside in 2017, with Azenta briefly being a >$100 stock in 2021, but that was only temporary. Following a stronger end to the fiscal year 2025, the company started its ...
Tom Werner/DigitalVision via Getty Images Shares of Azenta, Inc. ( AZTA ) have fallen to fresh lows again amidst quite some corporate developments taking place. By now, shares have fallen to the $20 mark, levels first broken to the upside in 2017, with Azenta briefly being a >$100 stock in 2021, but that was only temporary. Following a stronger end to the fiscal year 2025, the company started its fiscal year 2026 on a softer note, and while the company sticks to its full-year guidance, there are risks to that. However, I like what I see here, between collapsing expectations, with operating assets trading far below sales. While building conviction is hard, low expectations and a net cash cushion provide some support here. Other, higher conviction ideas, including growth plays in life science segments, can be found at Value In Corporate Events . Many Developments Recent developments at Azenta have been numerous, and as these impact the future investment thesis, let's quickly run through them. Early in March, the company announced the acquisition of UK Biocentre Limited, a provider of sample management and storage, a transaction valued at GBP 20.5 million, excluding a very modest contingent consideration. The deal adds some GBP 15.3 million in sales, yet it is dilutive to 2026 EBITDA margins by 35 basis points. The deal should be accretive to earnings growth and EBITDA margins from next year onwards. Analyzing this deal in growth at length is not necessary, this being a bolt-on deal in the grand scheme of things here. This deal follows a disappointing first-quarter report, announced in February, with revenues up 1% to $149 million but revenues down 7% on a sequential basis. Organic growth came in at minus 1%, with non-GAAP earnings of 9 cents being down 3 cents on the year before and down 12 cents on a sequential basis, while GAAP losses were reported simultaneously at the same time. The company operated with $571 million in net cash, this being a formidable position; ...
If you want to invest in Bitcoin (CRYPTO: BTC) , you have two options: the cryptocurrency itself or a Bitcoin ETF. The SEC approved the first group of Bitcoin ETFs in January 2024, and they've accumulated over $90 billion in assets under management (AUM) as of March 20, 2026. Each has its advantages and disadvantages. The right choice depends on how much control you want over your cryptocurrency a...
If you want to invest in Bitcoin (CRYPTO: BTC) , you have two options: the cryptocurrency itself or a Bitcoin ETF. The SEC approved the first group of Bitcoin ETFs in January 2024, and they've accumulated over $90 billion in assets under management (AUM) as of March 20, 2026. Each has its advantages and disadvantages. The right choice depends on how much control you want over your cryptocurrency and your investment time horizon. Image source: Getty Images. Continue reading
Oil fell and US equity futures climbed as optimism grew over Washington’s efforts to end the nearly month-long Middle East conflict. West Texas Intermediate crude slid as much as 4.9% in early Asian trading after the New York Times reported the US had sent Iran a 15-point plan, following a separate report by Israel’s Channel 12 that Washington was seeking a one-month ceasefire. S&P 500 futures cli...
Oil fell and US equity futures climbed as optimism grew over Washington’s efforts to end the nearly month-long Middle East conflict. West Texas Intermediate crude slid as much as 4.9% in early Asian trading after the New York Times reported the US had sent Iran a 15-point plan, following a separate report by Israel’s Channel 12 that Washington was seeking a one-month ceasefire. S&P 500 futures climbed after the index pared losses to close 0.4% lower. Contracts for Sydney and Tokyo shares pointed higher, while those for Hong Kong were little changed. “Crude remains the tip of the spear in this headline-driven market,” said Rebecca Babin , a senior energy trader at CIBC Private Wealth Group. “Reports that a potential 30-day ceasefire may be in the works are easing worst-case pricing scenarios and concerns around demand destruction. Details remain limited and headlines are fluid, but signs there may be an off-ramp are reducing some of the risk premium in the market.” President Donald Trump signaled that Iran had offered a “present” as a show of good faith in negotiations, noting it was related to Strait of Hormuz flows. The US and regional mediators are discussing the possibility of holding high-level peace talks as soon as Thursday, but await a response from Tehran, Axios reported . As the conflict that’s upended markets raged on, Trump said Secretary of State Marco Rubio and Vice President JD Vance alongside special envoys are involved in negotiations. Still, the US is planning to deploy about 3,000 troops from the 82nd Airborne Division to the Middle East, the Wall Street Journal reported . Iran has started charging transit fees on some commercial vessels passing the Strait of Hormuz, people familiar with the matter have said, the latest sign of its control over the most-important maritime energy route. Yet Tehran said non-hostile foreign ships are allowed to cross the waterway on its terms. “It all comes down to the re-opening of the Strait of Hormuz,” said Matt Ma...
JPMorgan Asset Management US FGICC CIO Kay Herr discusses traders repricing fed rate cuts amid war uncertainty. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
JPMorgan Asset Management US FGICC CIO Kay Herr discusses traders repricing fed rate cuts amid war uncertainty. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Gold steadied after snapping a nine-day decline, following reports that the US is pursuing talks with Iran to end the war in the Middle East even as it sends more troops to the region. Bullion was near $4,480 an ounce in early trading, having ended the previous session up 1.6%. US President Donald Trump signaled that Iran had offered a “ present ” as a show of good faith in negotiations, noting it...
Gold steadied after snapping a nine-day decline, following reports that the US is pursuing talks with Iran to end the war in the Middle East even as it sends more troops to the region. Bullion was near $4,480 an ounce in early trading, having ended the previous session up 1.6%. US President Donald Trump signaled that Iran had offered a “ present ” as a show of good faith in negotiations, noting it was related to energy flows via the Strait of Hormuz. Washington and regional mediators are discussing the possibility of holding high-level peace talks as soon as Thursday, but await a response from Tehran, Axios reported . Read More: US Sees ‘Possibility of Diplomacy’ With Iran as War Costs Rise Elevated energy prices resulting from the conflict have raised the risk of inflation, leading investors to bet on higher interest rates. That’s a headwind for non-yielding precious metals. Declines in global stocks and bonds have also forced investors to ditch their positions in gold to raise cash, further amplifying losses in bullion since the war began more than three weeks ago. Spot gold edged up 0.1% to $4,479.84 as of 6:24 a.m. Singapore time. Silver gained 0.2% to $71.39, after ending the previous session 3% higher. Platinum and palladium were flat, while the Bloomberg Dollar Spot Index , a gauge of the greenback, rose 0.3% on Tuesday.
App that allowed people to make and share AI videos was popular but received criticism for racist and violent content In an abrupt announcement on Tuesday, OpenAI said it was “saying goodbye” to its AI video generator Sora. The move comes just six months after the company’s splashy launch of a stand-alone app where people could make and share hyper-realistic AI videos in a scrolling social feed. “...
App that allowed people to make and share AI videos was popular but received criticism for racist and violent content In an abrupt announcement on Tuesday, OpenAI said it was “saying goodbye” to its AI video generator Sora. The move comes just six months after the company’s splashy launch of a stand-alone app where people could make and share hyper-realistic AI videos in a scrolling social feed. “To everyone who created with Sora, shared it, and built community around it: thank you,” the company wrote in a post on X . “What you made with Sora mattered, and we know this news is disappointing.” Continue reading...
klmax/iStock via Getty Images Shares of TTM Technologies, Inc. ( TTMI ) have been on fire, as the market extrapolates the market trends for this electronics producer, being perfectly positioned to ride the data center wave, as well as the aerospace & defense wave. This has been more than reflected in the share price, as a somewhat modest $20 stock in the spring of 2025 rose to a high of $113 per s...
klmax/iStock via Getty Images Shares of TTM Technologies, Inc. ( TTMI ) have been on fire, as the market extrapolates the market trends for this electronics producer, being perfectly positioned to ride the data center wave, as well as the aerospace & defense wave. This has been more than reflected in the share price, as a somewhat modest $20 stock in the spring of 2025 rose to a high of $113 per share in recent weeks, now trading around the $100 mark, still resulting in incredible momentum. Moreover, an undercovered and undervalued stock this time last year has seen the reverse happening. This makes me not willing to consider shares here, as the situation has become near-term overextended, but I am certainly willing to provide updated coverage here. Other, higher-conviction ideas, including secular growth plays in data center and industrial segments, can be found at Value In Corporate Events . A Closer Look TTM Technologies provides mission systems, printed circuit boards, and specialty components, claiming to be a critical supplier to today's fastest-growing industries. With over 20 manufacturing facilities and 17,000 workers, mostly located in the United States and China, the company provides such solutions in key verticals. These include data center computing, networking, aerospace & defense, automotive, medical, industrial & instrumentation. The company has successfully combined organic growth and bolt-on M&A efforts to deliver strong growth and reposition the business. While the company reports activities across a wide range of verticals, it really is the aerospace & defense segment that made up about half of sales. This is largely complemented by a data center business, which makes up a fifth of sales, complemented by automotive, medical, industrial, and instrumentation. While all this looks great, the reality is that operating margins reveal that this is somewhat between a proprietary technology manufacturer and a contract supplier, with operating margins typ...