The earliest paintings were made over 32,000 years ago - the very first forms of art and culture. They weren't discovered until 1994, when cave explorers in France stumbled into the Chauvet Cave. More than a decade later, filmmaker Werner Herzog was allowed rare access to the highly guarded prehistoric site to shoot what would become the lauded 3D documentary Cave of Forgotten Dreams . It is a str...
The earliest paintings were made over 32,000 years ago - the very first forms of art and culture. They weren't discovered until 1994, when cave explorers in France stumbled into the Chauvet Cave. More than a decade later, filmmaker Werner Herzog was allowed rare access to the highly guarded prehistoric site to shoot what would become the lauded 3D documentary Cave of Forgotten Dreams . It is a strange and moving film, one wherein Herzog convincingly argues, in his heavily enunciated German accent, that these caverns are the birthplace of "ze mo-dern hu-man soul." Fifteen years since its premiere, the movie has achieved a cult-like status, and … Read the full story at The Verge.
KE ZHUANG/E+ via Getty Images My last coverage of TOYO Co., Ltd. ( TOYO ) about a year ago (June 2025), with a Buy rating at $3.56 , has delivered 226%, as TOYO now trades around $11.63. At the time, I upgraded TOYO from a prior Hold on the back of an operational turnaround that I argued the market was misreading. I am leaning more cautious at this time following the second half and full year 2025...
KE ZHUANG/E+ via Getty Images My last coverage of TOYO Co., Ltd. ( TOYO ) about a year ago (June 2025), with a Buy rating at $3.56 , has delivered 226%, as TOYO now trades around $11.63. At the time, I upgraded TOYO from a prior Hold on the back of an operational turnaround that I argued the market was misreading. I am leaning more cautious at this time following the second half and full year 2025 results released two weeks ago. I believe the investment case for TOYO has evolved. And in this piece, I’ll point out where I believe it has strengthened and where it has not. TOYO Co. Ltd. - Company Overview A brief overview for readers and investors in solar equities who may not be familiar with what the company is all about, as it can still be somewhat regarded as a newly listed company. TOYO got listed on Nasdaq about two years ago (July 2024) and describes itself as a vertically integrated solar solution company. TOYO's stated ambition is to become a full-service solar solutions provider spanning the entire solar value chain. By being vertically integrated, TOYO controls multiple stages of the production chain rather than specializing in just one aspect. TOYO’s operations span solar cell manufacturing in the upstream production of wafers and silicon, in the midstream production of solar cells, up to the downstream production of photovoltaic (PV) modules, and now they run a U.S. distribution. TOYO manufactures solar cells and owns facilities in Vietnam (2 GW capacity) and Ethiopia (4 GW capacity) and also operates a 567,140-square-foot facility module production facility in Houston, Texas. The U.S. facility is targeting 6.5 GW in annual module capacity by 2029. TOYO sells solar cells primarily through its affiliate Vietnam Sunergy Joint Stock Company (VSUN Co.) and a growing group of third-party module manufacturers. This detail of how much sales mix comes from the affiliate and the third parties is important to track the company’s true sales momentum. We’ll get to the...
alexsl/iStock via Getty Images Markets are repricing interest rate expectations as the Middle East conflict drags on. Scott Colbourne, Head of Active Fixed Income at TD Asset Management, warns that renewed inflation pressures could trigger a 2022-style environment - putting pressure on both stock and bond valuations as economic growth slows. Transcript Greg Bonnell: Fears about inflation due to th...
alexsl/iStock via Getty Images Markets are repricing interest rate expectations as the Middle East conflict drags on. Scott Colbourne, Head of Active Fixed Income at TD Asset Management, warns that renewed inflation pressures could trigger a 2022-style environment - putting pressure on both stock and bond valuations as economic growth slows. Transcript Greg Bonnell: Fears about inflation due to the continued conflict in the Middle East has traders repricing their interest rate expectations. Joining us now to discuss the future path of rates and what it means for the bond market, Scott Colbourne, managing director and head of active fixed income with TD Asset Management. Scott, always great to have you on the program. Scott Colbourne: Great to be here, Greg. Greg Bonnell: Here we are several weeks, more than a month, and we're still worrying about this conflict in the Middle East. We don't seem to have any kind of resolution on the radar, having a lot of impacts across a lot of different asset classes. What about the bond market? Scott Colbourne: Well, the bond market's been treating this as an inflation shock, right? It's a supply-side shock buffeted by another one. Ever since COVID, we've been-- lots of shocks. If you think back to the beginning of the year-- it's not that long ago, but it seems long ago-- we were thinking about a possibility of two cuts by the Fed in the bond market. And now, here we are after the Iran-- at the beginning, the war has left us with rates substantially higher and unwinding all of that anticipation of rate cuts. And so, the markets have been focusing on the inflationary impact of this, first and foremost. It's not to say that there isn't concerns, ultimately, about growth and demand destruction. But for the time being, long-term bonds-- US, European, Canadian-- they're all up about 20, 30 basis points. Even the front end, which has been a safe haven, if you will-- a lot of focus on the front end of the yield curve-- have-- unwind, as ...
TRNO completes property development of Building 34 in Hialeah. It is fully leased and targets LEED certification, advancing its strategy to upgrade property quality.
TRNO completes property development of Building 34 in Hialeah. It is fully leased and targets LEED certification, advancing its strategy to upgrade property quality.
Major Chinese automakers have reported shrinking profits for 2025, despite rising revenues. Photo: VCG Industry leader BYD Co. reported a 19% plunge in annual net profit, leading a wave of dismal 2025 earnings across China’s auto sector as a brutal price war and slowing demand squeeze margins. Driven by rapid technological shifts and an oversaturated domestic market, Chinese automakers are struggl...
Major Chinese automakers have reported shrinking profits for 2025, despite rising revenues. Photo: VCG Industry leader BYD Co. reported a 19% plunge in annual net profit, leading a wave of dismal 2025 earnings across China’s auto sector as a brutal price war and slowing demand squeeze margins. Driven by rapid technological shifts and an oversaturated domestic market, Chinese automakers are struggling to translate sales into earnings. Industry-wide vehicle sales in the country fell by more than 20% in the first quarter of 2026, compounding the financial pain revealed in recent annual reports. The industry’s average profit margin sank to a historic low of 4.1% in 2025 and dropped further to 2.9% in the first two months of 2026, according to the China Passenger Car Association.
A killer itch and a trapped group of strangers make for a tense, if uneven, horror that balances grisly shocks with sketchy character drama This horror is set in a world where a highly contagious disease causes itching so severe that the scratching proves quickly fatal; finally, a film targeting the under-served eczema community! The body horror elements are realised extremely effectively, with a ...
A killer itch and a trapped group of strangers make for a tense, if uneven, horror that balances grisly shocks with sketchy character drama This horror is set in a world where a highly contagious disease causes itching so severe that the scratching proves quickly fatal; finally, a film targeting the under-served eczema community! The body horror elements are realised extremely effectively, with a woman literally tearing at her skin being the most effective set-piece. Alas, the film doesn’t have the scope (on what was clearly a modest budget) to indulge in very many of these. Much of the rest of the runtime is the pressure-cooker conversation that occurs between a motley crew of so-far-uninfected civilians caught out at a department store. While the reason they are trapped is horrific, this makes the film at least as much a character study as it is a horror, with variable results. Scenarios from classic films which the film-makers may have had in mind include the hard-pressed band of isolated scientists confronting a shape-shifting monster in John Carpenter’s The Thing, the mismatched duo defending a defunct police station under siege in John Carpenter’s Assault on Precinct 13, or even a non-John Carpenter film, Night of the Living Dead, in which survivors hole up in a farmhouse. The key to these types of films is a blend of genre excitement and character dynamics. It would have been great to see more of this from Itch!: on the one hand, a slightly bigger budget for more of the gnarly effects it pulls off so well in some brief scenes, and on the other, a sharper script to serve the human aspect. Continue reading...
Rachel Reeves is one of many finance ministers traveling to DC this week but don’t expect her to drop by the White House with a bottle of wine and box of chocolates. This is no convivial gathering among friends — it’s more like an awkward parish committee meeting, taking place after the guy in charge of Neighbourhood Watch set up a blockade on the high street. “I do feel very frustrated and angry ...
Rachel Reeves is one of many finance ministers traveling to DC this week but don’t expect her to drop by the White House with a bottle of wine and box of chocolates. This is no convivial gathering among friends — it’s more like an awkward parish committee meeting, taking place after the guy in charge of Neighbourhood Watch set up a blockade on the high street. “I do feel very frustrated and angry that the US went into this war without a clear exit plan, without a clear idea of what they were trying to achieve,” Chancellor Reeves told the Mirror tabloid earlier today. “No sensible person is a supporter of the Iranian regime but to start a conflict without being clear about what the objectives are, I do think that is a folly.” Reeves has cause to be upset. She’ll arrive at the IMF-World Bank’s Spring Meetings to the sound of another thumping downgrade to the UK’s economic outlook, after the IMF said Britain will be the biggest loser in the Group of Seven as a result of conflict in the Middle East. UK growth will be just 0.8% this year, the IMF forecasts, a much sharper drop in expectations than it applied to peer countries. Unemployment is expected to reach 5.6% — up from the IMF’s forecast of just 4.7% back in October. “The war in Iran is not our war, but it will come at a cost to the UK,” Reeves said, in an official response to the figures. “These are not costs I wanted, but they are costs we will have to respond to.” One of the costs that may be occupying her mind is that of servicing the public debt. A load of 10-year gilts were sold today at the highest yield since the global financial crisis, a rather ominous reminder of Britain’s plight. Prior to the start of the US-Israeli attacks on Iran at the end of February, the market yield on 10-year gilts had dropped to 4.23% from a peak of 4.8% last year. Reeves was sitting on £23 billion of headroom and all was looking fine and dandy. Now yields are back around 4.8% again. Talking of how things have changed, there was...
The war entered a new phase when President Trump began a U.S. naval blockade of the Strait of Hormuz. Aaron David Miller of the Carnegie Endowment for International Peace explains what this means.
The war entered a new phase when President Trump began a U.S. naval blockade of the Strait of Hormuz. Aaron David Miller of the Carnegie Endowment for International Peace explains what this means.
HOUSTON—Their mission is complete. The four people who flew beyond the Moon on NASA's Artemis II mission are back home in Houston with their families. But the lessons from Artemis II are just beginning to be told. There are tangible, objective takeaways from the nine-day mission. How did NASA's Space Launch System rocket perform? Nearly perfectly. Was the Orion spacecraft up to the job of flying t...
HOUSTON—Their mission is complete. The four people who flew beyond the Moon on NASA's Artemis II mission are back home in Houston with their families. But the lessons from Artemis II are just beginning to be told. There are tangible, objective takeaways from the nine-day mission. How did NASA's Space Launch System rocket perform? Nearly perfectly. Was the Orion spacecraft up to the job of flying to the Moon and back? Absolutely. Will engineers need to make any changes before the next Artemis mission? Yes, and that's not terribly surprising for a program that, 20 years in, has just flown a crew to space for the first time. Ars has covered the technical lessons from Artemis II, such as hydrogen leaks on the launch pad , helium leaks in space , and a toilet that wasn't always available for No. 1. Read full article Comments
Getty Images Shares of CarMax, Inc. ( KMX ) have been a poor performer over the past year, losing over 30% of their value. The company has struggled with a weak environment for used car sales, given a difficult affordability environment. That said, shares have rebounded strongly from the bottom amid management change and activist pressure. Mixed Q4 earnings reported on Tuesday morning sent shares ...
Getty Images Shares of CarMax, Inc. ( KMX ) have been a poor performer over the past year, losing over 30% of their value. The company has struggled with a weak environment for used car sales, given a difficult affordability environment. That said, shares have rebounded strongly from the bottom amid management change and activist pressure. Mixed Q4 earnings reported on Tuesday morning sent shares 10% lower, reflecting the fact that the turnaround is still in its early innings. I last covered shares in December , rating the stock a Buy, and shares have gained about 15% since then, hitting my $50 target. With updated financials, now is a good time to revisit KMX. Seeking Alpha In the company’s fourth quarter , CarMax earned $0.34, which was $0.13 ahead of expectations , though revenue was down 1% from last year at nearly $6 billion. While better than consensus, earnings were substantially below last year’s $0.64, reflecting a difficult margin environment in the used car sector. Same-store unit sales were down 1.9%. Beyond this, a strategic shift in its financing unit is weighing on near-term earnings, but this should be temporary. There was weakness across the used car business. Retail selling prices were down 0.4% from last year to $26k. As a result, retail margins were down $200 to $2,115. KMX has relied on pricing actions to support sales activity, but units were still down 0.8% to 181k. Similarly, on the wholesale side, volumes were up 3%, but pricing was down 3.3%. Margins here fell by $100 to $940. Given weaker pricing, gross profit fell by 9% to $605 million. Total inventories were up about 5% to $4.1 billion, and that is likely to keep margins under pressure given the sluggish pace of sales. Frankly, CarMax’s pricing experience is underperforming national metrics. The benchmark Manheim used vehicle index is up 4% from last year. However, this largely reflects strength in the luxury end of the market, and the used car market is an area where the “K” shaped phen...