President called practice ‘mail-in cheating’ at Monday event after voting in Florida House race via mail US politics live – latest updates Sign up for the Breaking News US newsletter email Donald Trump has described voting by mail as “cheating” at an event in Memphis, Tennessee, just days after casting a mail‑in ballot himself. “Mail-in voting means mail-in cheating. I call it mail-in cheating, an...
President called practice ‘mail-in cheating’ at Monday event after voting in Florida House race via mail US politics live – latest updates Sign up for the Breaking News US newsletter email Donald Trump has described voting by mail as “cheating” at an event in Memphis, Tennessee, just days after casting a mail‑in ballot himself. “Mail-in voting means mail-in cheating. I call it mail-in cheating, and we got to do something about it all,” the US president said on Monday, in remarks to a roundtable on his administration’s crime taskforce. Continue reading...
JHVEPhoto/iStock Editorial via Getty Images The Annual Meeting of Baker Hughes Company ( BKR ), not to be confused with the Annual General Meeting, brings together industry experts and policymakers, Baker Hughes suppliers, and customers in Florence, Italy, at the end of January each year. This year the theme was The Energy Equation: “the interdependence of industrial outcomes and energy sources th...
JHVEPhoto/iStock Editorial via Getty Images The Annual Meeting of Baker Hughes Company ( BKR ), not to be confused with the Annual General Meeting, brings together industry experts and policymakers, Baker Hughes suppliers, and customers in Florence, Italy, at the end of January each year. This year the theme was The Energy Equation: “the interdependence of industrial outcomes and energy sources that drives human progress and keeps the world in balance.” The sessions are worth watching if you have time. Mainly, it's a good reminder of the diversity of the products and services Baker Hughes offers. Participants include not just national oil companies and international oil companies, but major technology companies and players from across the alternative energy space as well as a multitude of industrial companies. Baker Hughes Company has a tier one traditional Oilfield Services & Equipment segment, which by itself should do well under the Trump Administration's Unleashing American Energy order (the U.S. Energy Dominance strategy). This, combined with a fast-growing and industry-leading Industrial & Energy Technology segment, which is very well placed in Gas technology equipment and services, is a key differentiator for Baker relative to its main competitors. This business is also vital to meet the world's growing electricity demand. Baker also has an innovation advantage thanks to its partnerships with C3 AI ( AI ), more on which later, and GE Vernova ( GEV ) - see here . Additionally, Baker's management promotes the culture of continuous improvement by applying the Lean, Six Sigma, and Kaizen methodologies. In terms of market cap, at about $62 billion, Baker is slightly below “Big Three” peer SLB ( SLB ) - at about $74 billion—but ahead of Halliburton ( HAL ) at about $31 billion. I recently covered SLB here, arguing the stock is cheap on long-term fundamentals. Because of Baker's Industrial & Energy Technology segment, Baker is growing faster. Between 2022 and 2025, ...
Optical and networking products related stocks climbed on Tuesday after Applied Optoelectronics ( AAOI ) disclosed on Monday an order from a major hyperscaler customer. Shares of Applied Optoelectronics surged about 9% on Tuesday. The company said on Monday that it received a new order from one of its major hyperscale customers for 800G single-mode data center transceivers to help expand its netwo...
Optical and networking products related stocks climbed on Tuesday after Applied Optoelectronics ( AAOI ) disclosed on Monday an order from a major hyperscaler customer. Shares of Applied Optoelectronics surged about 9% on Tuesday. The company said on Monday that it received a new order from one of its major hyperscale customers for 800G single-mode data center transceivers to help expand its network capacity for AI-driven workloads. Several other networking-related stocks were also in the green on Tuesday. Lumentum ( LITE ) soared around 7%, while Coherent ( COHR ) and Ciena ( CIEN ) each jumped nearly 5%. Celestica ( CLS ) climbed about 2%, while Cisco ( CSCO ) rose roughly 1%. However, some stocks seemed to buck the trend. Credo Technology ( CRDO ) slumped about 3%, while Arista Networks ( ANET ) fell around 2%. More on Applied Optoelectronics Applied Optoelectronics: The Future For Light Is Bright I Was Early On Applied Optoelectronics, Here's What's Next Buy Applied Optoelectronics, But Be Very Careful Applied Optoelectronics announces $53M order from hyperscaler for AI transceivers Lumentum, Coherent, Applied Optoelectronics surge on strong optical demand momentum tied to AI
Broadcom (NasdaqGS:AVGO) has secured a five year, $970 million blanket purchase agreement with the Defense Information Systems Agency covering software and infrastructure, including VMware Cloud Foundation. The deal increases Broadcom's exposure to US defense agencies and government cloud and security workloads. At the same time, Broadcom is dealing with capacity constraints at TSMC, its key manuf...
Broadcom (NasdaqGS:AVGO) has secured a five year, $970 million blanket purchase agreement with the Defense Information Systems Agency covering software and infrastructure, including VMware Cloud Foundation. The deal increases Broadcom's exposure to US defense agencies and government cloud and security workloads. At the same time, Broadcom is dealing with capacity constraints at TSMC, its key manufacturing partner, as AI chip demand strains available supply. The company is turning to longer...
Fortnite V-Bucks are offered for sale at a video game retailer on December 19, 2022 in Chicago, Illinois. Scott Olson | Getty Images Epic Games said on Tuesday it would lay off more than 1,000 employees as it cuts costs after a sharp fall in usage of its flagship game, Fortnite. Chief Executive Tim Sweeney told employees the company had been spending "significantly more than we're making" si...
Fortnite V-Bucks are offered for sale at a video game retailer on December 19, 2022 in Chicago, Illinois. Scott Olson | Getty Images Epic Games said on Tuesday it would lay off more than 1,000 employees as it cuts costs after a sharp fall in usage of its flagship game, Fortnite. Chief Executive Tim Sweeney told employees the company had been spending "significantly more than we're making" since usage of the game began to decline in 2025. He said the layoffs, along with more than $500 million in savings from cuts to contracting and marketing and from leaving roles unfilled, would reduce costs. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Prot Tachapanit/iStock via Getty Images Investment Thesis Enova International, Inc. ( ENVA ) is a high-quality online lender with a strong competitive position in the non-prime consumer (and small business lending) markets. The pending acquisition of Grasshopper Bank is compelling and will likely meaningfully lower Enova's cost of funds over time (among other positive things). However, at current ...
Prot Tachapanit/iStock via Getty Images Investment Thesis Enova International, Inc. ( ENVA ) is a high-quality online lender with a strong competitive position in the non-prime consumer (and small business lending) markets. The pending acquisition of Grasshopper Bank is compelling and will likely meaningfully lower Enova's cost of funds over time (among other positive things). However, at current valuations, trading above its historical P/B average with EPS estimates that depend on margin expansion, I believe it's too early. The risk/reward does not favor new investors. A softening consumer environment and execution risk around the Grasshopper close and integration lead me to rate shares a Hold. Relative Valuation & Optimistic Forecasting Shares of Enova have fallen just over 14% on the year , making now look like an attractive entry point. However, when I look at the valuation, Enova is trading at a forward P/E ratio of 8.5x, only slightly below the 2-year average of 8.6x. Data by YCharts Rather than assessing Enova's value using a forward-looking measure, I also looked at the P/B ratio relative to the historical average. Enova is currently trading at a P/B ratio of 2.5x, whereas the 3-year average is 1.8x. On a relative basis, these two metrics point me to thinking that Enova is trading somewhere between fair value and slightly above fair value. Data by YCharts Analysts are estimating 22.1% EPS growth in 2026, followed by EPS growth of 18.6% in 2027. At the same time, analysts are predicting 15.9% and 16% growth in revenue over the same two periods, implying that Enova will be able to significantly increase margins. The majority of the margin expansion is expected to come from the Grasshopper acquisition, as it's expected to lower Enova's cost of funds from 8.6% to 6.3%. While I agree that funding costs are a very important consideration, it's not the most material line item. As a proportion of gross revenue, marketing has remained stable in 2023, 2024, and 2025 a...
West Africa’s cocoa and cotton farmers will take the greatest hit as the war in Iran leads to a fertilizer shock across the continent, according to ETG, one of the region’s top agricultural commodity traders. The Middle East conflict has all but closed off the Strait of Hormuz — a vital waterway that connects the Persian Gulf to the open ocean. That’s cut off supplies from a region that is a major...
West Africa’s cocoa and cotton farmers will take the greatest hit as the war in Iran leads to a fertilizer shock across the continent, according to ETG, one of the region’s top agricultural commodity traders. The Middle East conflict has all but closed off the Strait of Hormuz — a vital waterway that connects the Persian Gulf to the open ocean. That’s cut off supplies from a region that is a major production and shipping hub for fertilizers, sending prices soaring as farmers around the world rush to secure supplies. Countries in Asia, Africa, and Latin America — dependent on both food and fuel imports — are particularly exposed to fertilizer shortages and rising input costs, the UN’s World Food Programme has warned . Governments in West Africa are “extremely worried” about securing crop nutrients as they head into the planting season, with some countries severely short of supplies, according to Ashish Lakhotia , the head of ETG’s farm input unit, which trades fertilizers. Much of their fertilizer goes into growing commercial crops like cocoa and cotton, a major source of export revenue for countries across the region, he said. “West Africa is still extremely short on fertilizers,” Lakhotia said in an interview on Saturday. “If they don’t do something now, then they miss the season and it will have a long-term repercussion.” Low fertilizer application rates, underinvestment on farms and aging trees have put pressure on Ivory Coast’s cocoa farmers over the years, helping send prices soaring to a record in 2024 when extreme weather and disease hit harvests. Since then, cocoa prices have collapsed to one-third of their peak, hurting producers. Countries like Ivory Coast — the top global cocoa producer — and Senegal are the most vulnerable due to the timing of their growing seasons, Lakhotia said, as are Mali and Burkina Faso, the region’s top cotton exporters. Ghana, on the other hand, is well placed when it comes to existing inventories of crop nutrients, he said. The...
Apple (NASDAQ:AAPL) sits at $251.49, down 7% year to date. Our 24/7 Wall St. Price Target is $303.45, implying upside of 20.66% over the next 12 months. The 24/7 Wall St. model rates the stock a BUY, with 90% confidence. Metric Value Current Price $251.49 24/7 Wall St. Price Target $303.45 Upside 20.66% Model Rating ... Why We Think Apple Is Headed to $303 Over the Next 12 Months
Apple (NASDAQ:AAPL) sits at $251.49, down 7% year to date. Our 24/7 Wall St. Price Target is $303.45, implying upside of 20.66% over the next 12 months. The 24/7 Wall St. model rates the stock a BUY, with 90% confidence. Metric Value Current Price $251.49 24/7 Wall St. Price Target $303.45 Upside 20.66% Model Rating ... Why We Think Apple Is Headed to $303 Over the Next 12 Months
From Workshop Tools to Far-Field Voice: How Broadcom’s Distinguished Engineer Qutubuddin “Qutub” Saifee Built a Career on First Principles | Innovation in Engineering at Broadcom Broadcom
From Workshop Tools to Far-Field Voice: How Broadcom’s Distinguished Engineer Qutubuddin “Qutub” Saifee Built a Career on First Principles | Innovation in Engineering at Broadcom Broadcom