The 2026 tax filing season is currently underway, with an April deadline for filing tax returns for the 2025 tax year. There were some major rule changes last year, though, which have made this filing season a little different for those affected. For many seniors, a new $6,000 tax deduction was created. It's available to people 65 and over who meet qualifying requirements. These include staying wi...
The 2026 tax filing season is currently underway, with an April deadline for filing tax returns for the 2025 tax year. There were some major rule changes last year, though, which have made this filing season a little different for those affected. For many seniors, a new $6,000 tax deduction was created. It's available to people 65 and over who meet qualifying requirements. These include staying within income limits, as the deduction begins to phase out for single tax filers with over $75,000 in income and married joint filers with over $150,000 in income. While this deduction can provide valuable tax savings for some retirees, you may not benefit if most of your retirement income is in a Roth account. Here's why. Will the new $6,000 deduction benefit retirees with a Roth? There's one simple reason why the new deduction may not benefit retirees with a Roth very much. The reason? It's a tax deduction, not a refundable credit, and people who primarily live on Roth distributions may not have enough taxable income from other sources to make use of it. Tax credits can sometimes be refundable, so you can get money back if you have a low tax bill. For example, up to $1,700 of the additional child tax credit is refundable. So a parent who has a tax bill of $500 would be able to get back $1,200 from the IRS, even if they didn't pay that much in tax. Deductions aren't ever be refundable, though, because of the way they work. Unlike credits, tax deductions don't reduce your tax bill on a dollar-for-dollar basis. They just reduce the amount of the income that you pay tax on. If you have a Roth IRA, you may not have much taxable income -- especially since there are substantial other deductions available to seniors that the new $6,000 deduction stacks on top of. Retirees already have a lot of deductions to claim Even before the new $6,000 deduction provided by the One Big Beautiful Bill Act, seniors already had a lot of options to save on federal income taxes. Specifically, retire...
da-kuk A potential oil shock caused by the Middle East conflict could trigger a dangerous reversal of the yen carry trade, leading to widespread margin calls and significant market volatility, Michael Gayed, portfolio manager of The Free Markets ETF, said. The catalyst would be spiking oil prices, forcing Japan to defend its currency, which would cause a rapid repatriation of leveraged positions t...
da-kuk A potential oil shock caused by the Middle East conflict could trigger a dangerous reversal of the yen carry trade, leading to widespread margin calls and significant market volatility, Michael Gayed, portfolio manager of The Free Markets ETF, said. The catalyst would be spiking oil prices, forcing Japan to defend its currency, which would cause a rapid repatriation of leveraged positions that have built up over decades. In an interview with CNBC, Gayed explained that Japan imports oil in dollars rather than yen, meaning a weaker yen dramatically amplifies oil prices for Japanese consumers who are already dealing with significant inflation. “If you have spiking oil, that would cause Japan to panic,” he said, noting that dollar-yen levels are approaching points where intervention typically occurs. Gayed suggested that recent rises in U.S. Treasury yields may not be primarily driven by inflationary fears over oil but rather by Japan selling treasuries to raise dollars in preparation to defend the yen. Gold has also been selling off alongside equities, failing to act as a traditional safe-haven asset. “It’s correlating with equities on the downside,” he noted, which fits his thesis about phase two of the carry trade unwind. While estimates of the carry trade’s size vary widely due to shadow banking involvement, Gayed dismissed claims that the August 2024 unwind—when approximately half of an estimated $500B trade was wiped out in weeks—resolved the issue. “You don’t unwind something that is decades in the making over two days,” he said. “The fact that the carry trade has remained profitable tells me that clearly there must still be a lot of leverage that’s being enabled from Japan.” The danger is amplified by leverage throughout the financial system, not just from Japan but also through leveraged ETFs and options trading. “You just need to have a small amount to cause margin calls when you’re already as aggressively one-sided as it seems like investors tend to be...
Signet ( SIG ) declares $0.35/share quarterly dividend , 9.4% increase from prior dividend of $0.32. Forward yield 1.56% Payable May 22; for shareholders of record April 24; ex-div April 24. See SIG Dividend Scorecard, Yield Chart, & Dividend Growth. More on Signet Signet Jewelers Limited (SIG) Q4 2026 Earnings Call Transcript Signet Jewelers: Resilient Earnings Make Shares Attractive Signet Jewel...
Signet ( SIG ) declares $0.35/share quarterly dividend , 9.4% increase from prior dividend of $0.32. Forward yield 1.56% Payable May 22; for shareholders of record April 24; ex-div April 24. See SIG Dividend Scorecard, Yield Chart, & Dividend Growth. More on Signet Signet Jewelers Limited (SIG) Q4 2026 Earnings Call Transcript Signet Jewelers: Resilient Earnings Make Shares Attractive Signet Jewelers: More Than Engagements Under The Surface Signet outlines $6.6B-$6.9B revenue target and brand integration moves amid strategic portfolio shift Signet Jewelers rallies after earnings; Jefferies points to 40% more upside
In this video, a Supreme Court advocate tests generative AI on his own case, sparking debate over whether the technology can truly aid legal advocacy or merely sound convincing. Produced by Paul Detrick Senior Producer: Andrew Satter Executive Producer: Josh Block (Source: Bloomberg)
In this video, a Supreme Court advocate tests generative AI on his own case, sparking debate over whether the technology can truly aid legal advocacy or merely sound convincing. Produced by Paul Detrick Senior Producer: Andrew Satter Executive Producer: Josh Block (Source: Bloomberg)
Shares of Super Micro Computer are heading for one of their biggest daily drops ever after U.S. prosecutors charged three people, including the company's co-founder, with smuggling machines with high-end Nvidia chips to China. Shares were recently down 24% premarket, putting the server maker on track to shed about $4.5 billion from its market capitalization of $18.5 billion as of Thursday's close....
Shares of Super Micro Computer are heading for one of their biggest daily drops ever after U.S. prosecutors charged three people, including the company's co-founder, with smuggling machines with high-end Nvidia chips to China. Shares were recently down 24% premarket, putting the server maker on track to shed about $4.5 billion from its market capitalization of $18.5 billion as of Thursday's close. In an indictment unsealed Thursday, prosecutors accused the three people of helping smuggle servers into China “through a tangled web of lies, obfuscation, and concealment—all to drive sales and generate revenues in violation of U.S. law."
Cheerleader-in-chief demands more enthusiasm for US-Israeli assault that is helping Russia pay for its war on Ukraine Monday When even your mother calls you out as a cheat and a liar, then it’s probably fair to assume you’re a wrong ‘un. Not that this stopped Donald Trump from appointing Pete Hegseth as his defence secretary. Or as Trump prefers, his war secretary. After all, there’s no point in h...
Cheerleader-in-chief demands more enthusiasm for US-Israeli assault that is helping Russia pay for its war on Ukraine Monday When even your mother calls you out as a cheat and a liar, then it’s probably fair to assume you’re a wrong ‘un. Not that this stopped Donald Trump from appointing Pete Hegseth as his defence secretary. Or as Trump prefers, his war secretary. After all, there’s no point in having all this shiny military hardware if you’re not going to use it. For most of the past two weeks, Hegseth has been the president’s cheerleader-in-chief for the war on Iran, and at the weekend he decided to have a pop at the media for not being enthusiastic enough. It seems we’ve been concentrating on trivial matters like asking what the overall plan for the war is. We heard the president talk about regime change and then change his mind when it was clear that, though he had killed Ayatollah Ali Khamenei, the regime was still in place. We heard the president say he wanted to neutralise Iranian nuclear facilities when he had already claimed to have done so last year. We heard Trump say that the war was already won though he fancied winning a little bit more, while the Iranians were insisting they were not beaten. Continue reading...
By Aditi Shah NEW DELHI, March 20 (Reuters) - Tesla is preparing to enter India's industrial energy storage market, according to a job ad on its website, pitting it against companies controlled by Mukesh Ambani and Gautam Adani as they deepen investment in the sector as the grid shifts to cleaner power. The new business will also mark Tesla's expansion in India beyond just electric cars, which ...
By Aditi Shah NEW DELHI, March 20 (Reuters) - Tesla is preparing to enter India's industrial energy storage market, according to a job ad on its website, pitting it against companies controlled by Mukesh Ambani and Gautam Adani as they deepen investment in the sector as the grid shifts to cleaner power. The new business will also mark Tesla's expansion in India beyond just electric cars, which it started selling in August. The company already operates a Megapack business in the U.S. and other markets, supplying large-scale energy storage systems for industrial and utility users. Tesla's new plan was revealed in a job ad on its website, which said it is looking to hire a business development lead in India to "develop and execute a comprehensive market expansion strategy for industrial energy storage solutions". The candidate will shape its entry into India for "utility-scale energy storage", it added, without elaborating. Reuters is first to report Tesla's plan. The company did not respond to a request for comment. Ambani's Reliance and Adani's group also have ambitious plans for India's energy storage sector. India has set a target to reach 500 gigawatts (GW) of non-fossil fuel energy capacity by 2030 from more than 262 GW at the end of 2025. It needs devices that can store energy during off-peak hours, stabilise the grid and reduce carbon emissions. The government is encouraging companies to invest in storage systems by providing fiscal incentives and is also working on a national roadmap to enable firms to meet the targets. (Reporting by Aditi Shah, editing by Aditya Kalra and Louise Heavens)
Tashi-Delek Amazon MGM Studios’ ( AMZN ) Project Hail Mary opens on Friday, with previews for the sci-fi movie already exceeding 2024 Oscar winner Oppenheimer. According to Deadline, the highly anticipated Ryan Gosling film has racked up $11M in previews, putting it in an elite league with other non-franchised movies like Oppenheimer ($10.5M) and Apple’s ( AAPL ) F1 ($10M). Early tracking pegs the...
Tashi-Delek Amazon MGM Studios’ ( AMZN ) Project Hail Mary opens on Friday, with previews for the sci-fi movie already exceeding 2024 Oscar winner Oppenheimer. According to Deadline, the highly anticipated Ryan Gosling film has racked up $11M in previews, putting it in an elite league with other non-franchised movies like Oppenheimer ($10.5M) and Apple’s ( AAPL ) F1 ($10M). Early tracking pegs the movie’s opening weekend box office at an impressive $60M. Project Hail Mary (Amazon MGM Studios) The movie, based on a novel by Andy Weir, follows science teacher/astronaut Ryland Grace, tasked with saving the earth from an extinction-level event due to a sun-eating microbe. Using his science training—and with the help of an alien he calls Rocky—Grace must remember his mission and save humanity before the sun dims for good. The movie received a 95% Rotten Tomato rating based on the reviews of 227 critics. More on Amazon Amazon: Deep Discount Makes Me Greedy Amazon Doesn't Deserve To Trade At These Prices Inside Amazon's AI Power Play Amazon developing Alexa-linked phone to deepen customer reach, Reuters reports Nvidia to sell 1M AI chips, other products to AWS by end of 2027: report
US air strikes may have weakened Iran’s ability to blockade the Strait of Hormuz , but in the short term it is probably too risky to provide a military escort for oil tankers because of the threat from drones and mines, according to Chinese analysts. Multiple media reports have said the United States was considering the use of ground troops to open the waterway, but many military observers have ar...
US air strikes may have weakened Iran’s ability to blockade the Strait of Hormuz , but in the short term it is probably too risky to provide a military escort for oil tankers because of the threat from drones and mines, according to Chinese analysts. Multiple media reports have said the United States was considering the use of ground troops to open the waterway, but many military observers have argued this would not be enough without further protracted fighting. The strait is a vital shipping route that carries around 20 per cent of the world’s oil supplies, but traffic has come to a near standstill since the start of the US-Israeli assault on Iran on February 28. Advertisement Compared with the pre-war average of 100 to 35 ships a day, just 89 ships – including 16 oil tankers – passed through the strait between March 1 and 15, according to data from Lloyd’s List Intelligence. Oil prices have surged above US$100 a barrel as a result of the blockade, and the number of ships passing through the Strait of Hormuz dropped to zero for the first time last Saturday. Advertisement Iran is located on the northern shore of the strait, and around 20 ships in the region have been attacked since the conflict began.
Key Stats for Micron Technology Stock Price change for Micron Technology stock -4% -4% $MU Share Price as of Mar. 19: $444 $444 52-Week High: $471 $471 $MU Stock Price Target: $486 Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>> What Happened? Micron Technology (MU) stock slipped about 4% on Thursday despite the company posting one...
Key Stats for Micron Technology Stock Price change for Micron Technology stock -4% -4% $MU Share Price as of Mar. 19: $444 $444 52-Week High: $471 $471 $MU Stock Price Target: $486 Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>> What Happened? Micron Technology (MU) stock slipped about 4% on Thursday despite the company posting one of its strongest quarters in years. Revenue nearly tripled year over year, sailing past what analysts had expected. The results were strong by almost any measure, yet the stock still pulled back. The story here is one investors have seen before. When expectations are already sky-high, even a blowout quarter can disappoint. Citi analysts called the dip “some profit taking after a strong run” and kept their buy rating. Goldman Sachs remained neutral, citing the risk of slower HBM memory price growth in 2027 as more supply comes online. MU Stock Q2 Earnings vs. Estimates in Billion USD (TIKR) CEO Sanjay Mehrotra added more context in an interview with CNBC. He said Micron can supply only about 50% to 66% of what its key customers need right now. That kind of shortage is extraordinary. It means demand is running so far ahead of supply that Micron cannot keep up, even while operating at full capacity. See analysts’ growth forecasts and price targets for Micron Technology stock (It’s free) >>> What the Market Is Telling Us About MU Stock Micron Technology stock has been one of the biggest winners of the AI boom. A 331% gain over the past 12 months reflects just how much investors have bought into the memory chip shortage story. AI servers require enormous amounts of memory, and Micron sits right at the center of that demand wave. The company’s own earnings call backed this up. Executives said demand continues to escalate well beyond what supply can meet, with tight conditions expected to extend beyond 2026. New fabs being built now won’t add meaningful capacity until 2028. MU St...
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Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition we look at how the Iran war has countries lining up to buy fuel from Nigerian billionaire Aliko Dangote’s new mega-refinery. And: The World Bank adjusts its playbook to take account of AI Nigeria is refurbishing two ports with hel...
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition we look at how the Iran war has countries lining up to buy fuel from Nigerian billionaire Aliko Dangote’s new mega-refinery. And: The World Bank adjusts its playbook to take account of AI Nigeria is refurbishing two ports with help from the UK The deputy prime minister of Mauritius has resigned The Hunt for Fuel African nations that have long been reliant on giant refineries in the Persian Gulf for fuel are in a bind as the Iran war chokes off supplies. Some are now turning to Aliko Dangote, the continent’s richest person, for help. The Nigerian billionaire owns a 650,000-barrel-a-day refinery outside Lagos, a plant he’s described as a “monster” that he would never have built if he’d known how tough the undertaking would be. The $20 billion project was eventually brought online in 2024 after a series of delays and massive cost over-runs and has been ramping up since then. That’s ended the practice of Africa’s top oil producer sending crude abroad to be processed into fuel and then buying it back at a hefty markup. There is sufficient demand for gasoline and diesel within Nigeria to soak up about three-quarters of the refinery’s output, with the remainder available for export. A number of African nations — Ghana, South Africa and Kenya among them — have indicated their interest in becoming customers, sources say. The plant won’t be able to fully meet the regional fuel-supply deficit and most countries don’t hold sufficient strategic reserves to buffer consumers against extended shortages. Some governments and firms are already making contingency plans. Ethiopia is urging citizens to use fuel sparingly and says public-transport providers will get priority access, while South African coal miner Exxaro is taking steps to ensure it can power its vehicles and operations. The jockeying that is set to take ...
The landscape of generative AI performance evaluation is undergoing an important shift. The focus has changed from just hardware performance to evaluation from the perspective of a service provider. While measuring token throughput of GPUs still matters, serving those tokens to customers takes the top priority. The infrastructure is evolving too from focusing on individual frameworks to managed se...
The landscape of generative AI performance evaluation is undergoing an important shift. The focus has changed from just hardware performance to evaluation from the perspective of a service provider. While measuring token throughput of GPUs still matters, serving those tokens to customers takes the top priority. The infrastructure is evolving too from focusing on individual frameworks to managed services delivered through endpoints. To keep up with those changes, MLCommons, the consortium behind the industry-standard MLPerf benchmarks, has been developing MLPerf Endpoints, a new AI inference benchmarking suite focused on genAI serving. Recognizing the importance of this initiative, AMD has been involved since day 1, helping to define workloads, rules, and infrastructure for the new way of performance evaluation. MLPerf Endpoints bring in multiple new features including API centric architecture and rolling submissions enabling benchmarking at the speed of software updates. That is why AMD is helping lead MLPerf Endpoints. As one of the initial five collaborators providing initial Endpoints data, we are helping shape the initiative because we believe the next generation of AI benchmarks should be open, community-governed, and grounded in real-world deployment. For AMD, leadership in AI means more than delivering strong performance. It means showing up early, contributing to the standards that matter, and advancing a benchmarking model built on transparency, broad industry participation, and long-term trust. “AMD has long championed open standards and community-driven benchmarking. As a founding member of MLCommons and a regular participant in MLPerf Training and Inference, we believe transparent evaluation benefits the entire ecosystem. MLPerf Endpoints extends that collaborative spirit to generative AI serving, and AMD is proud to support the initiative.” – Emad Barsoum, Corporate VP, AMD. AMD brings further credibility to MLPerf Endpoints because our commitment to op...
Huw Edwards has not sat at a newsreader’s desk since July 2023, when he was suspended by the BBC following a report in the Sun that he had paid a teenager £35,000 for intimate images and conversations. A year later – when new BBC News at Ten anchor Clive Myrie announced that his predecessor had been convicted of possessing indecent images of children – the Welsh broadcaster’s career effectively en...
Huw Edwards has not sat at a newsreader’s desk since July 2023, when he was suspended by the BBC following a report in the Sun that he had paid a teenager £35,000 for intimate images and conversations. A year later – when new BBC News at Ten anchor Clive Myrie announced that his predecessor had been convicted of possessing indecent images of children – the Welsh broadcaster’s career effectively ended. But on Tuesday the night of 24 March Edwards is back on screen, reading the news in the late-night slot he occupied for decades. He is played by the actor Martin Clunes and his BBC desk has been recreated in the London canalside news studio at Channel 5 by the producers of Power: The Downfall of Huw Edwards. “I don’t know because I didn’t ask but I bet Michael Sheen was offered this,” says Clunes cheerfully in an interview room in the building. As Sheen is the market-leading actor-impersonator and also Welsh, this seems a good guess but the Channel 5 minder sitting in on our interview looks noncommittal. Edwards was sentenced for “making indecent images of children” (a legal charge that includes possession of digital images – seven of them category A, the most serious level of depicted abuse), so did Clunes have any hesitation about playing such a notorious figure? “No. Because it’s my job. Roles don’t take me over.” View image in fullscreen ‘I had to get it exactly right’, says Clunes. Photograph: Matt Towers/5 Broadcasting/Wonderhood Studios Acting unpleasant or contentious people is a professional challenge. But Natalie Dormer recently announced that she had donated her fee for playing Sarah Ferguson, the former Duchess of York, in ITV’s The Lady to sexual abuse charities, feeling it wrong to profit from portraying an associate of the notorious paedophile Jeffrey Epstein. This virtuous gesture, if it became routine, would lead to actors having to play villains for free. Did Clunes feel any pressure to give his fee to a good cause? He deflects the question with a jok...
The radical work of the musician and composer was dismissed by sexist critics and overshadowed by the legacy of her late husband John. But today, musical stars from Doja Cat to David Byrne all champion her experimental sound It is 19 years since Alice Coltrane’s death and more than half a century since her best known albums, yet only now is her first biography, Andy Beta’s Cosmic Music, being publ...
The radical work of the musician and composer was dismissed by sexist critics and overshadowed by the legacy of her late husband John. But today, musical stars from Doja Cat to David Byrne all champion her experimental sound It is 19 years since Alice Coltrane’s death and more than half a century since her best known albums, yet only now is her first biography, Andy Beta’s Cosmic Music, being published. The first major exhibition dedicated to her took place last year in LA, too, and she’s championed by musicians from mainstream to left field, to the point there’s now even an abundance of cosmic jazz harpists on festival lineups. “For so long it seemed like her contributions were overlooked,” says her grandnephew Steven Ellison, AKA the psychedelic electronic and hip-hop musician Flying Lotus, who’s worked with the likes of Kendrick Lamar, Snoop Dogg, Thom Yorke and Herbie Hancock alongside his own acclaimed solo material. “As I was growing up, it seemed like everyone just wanted to ask her about John Coltrane.” Of course John Coltrane was a musical titan. But, as Cosmic Music spells out, Alice was integral to the radicalism of her husband’s late, gamechanging period from the masterpiece A Love Supreme onwards. Not only did they create a sense of stability from 1963 in raising a family and marrying, post his quitting heroin, but they were partners in spiritual and musical exploration. She was a formidable musician before she met him, too. As pianist Alice McLeod, she was “known as a badass on the scene”, says Carlos Niño, longtime California “beat scene” colleague of Flying Lotus and, lately, producer of André 3000’s avowedly Alice-inspired New Blue Sun album; her skills honed in Detroit’s gospel churches and playing Stravinsky and Rachmaninov for pleasure by her mid-teens. Continue reading...
It’s wild garlic season, which is as much cause for celebration on the drinks trolley as it is in the kitchen. Forage your own, ideally before the plants flower, or ask a decent greengrocer to get some in for you. Wild garlic martini Serves 1 For the wild garlic gin 1 big handful wild garlic leaves, washed and roughly chopped 1 bottle gin (750ml) – I use Tanqueray No 10 for its citrussy flavour Fo...
It’s wild garlic season, which is as much cause for celebration on the drinks trolley as it is in the kitchen. Forage your own, ideally before the plants flower, or ask a decent greengrocer to get some in for you. Wild garlic martini Serves 1 For the wild garlic gin 1 big handful wild garlic leaves, washed and roughly chopped 1 bottle gin (750ml) – I use Tanqueray No 10 for its citrussy flavour For the martini 60ml wild garlic gin (see above and method) 20ml dry white vermouth – I use Scarpa Extra Dry 10ml pure honey Put the wild garlic leaves in a large jar, pour the gin on top, seal and pop in the fridge to infuse for anything between 24 and 72 hours – a shorter infusion often results in a better balance of flavour, but taste it daily, to check it’s not turning too strong or bitter. Once the gin is to your taste, strain it through a fine-mesh sieve or coffee filter to remove all the solids and sediment; ideally, do this twice to get rid of all the impurities. Pour into a clean bottle and store in the fridge, where it will keep for up to three months. Chill a martini glass in the freezer for an hour (or fill it with ice while you’re mixing the drink, then discard). Pour the gin, vermouth and honey into a mixing glass, fill with ice and stir until the glass feels cold – no James Bond shaking here, please. Strain into the martini glass and serve.
Unitree Robotics, a Hangzhou-based maker of quadruped and humanoid robots, has filed for an initial public offering (IPO) on Shanghai’s Star Market, seeking to raise 4.2 billion yuan (US$610 million) as revenue and profits surge on the back of rising interest in embodied artificial intelligence. The listing application has been formally accepted by Shanghai’s exchange following a “preliminary revi...
Unitree Robotics, a Hangzhou-based maker of quadruped and humanoid robots, has filed for an initial public offering (IPO) on Shanghai’s Star Market, seeking to raise 4.2 billion yuan (US$610 million) as revenue and profits surge on the back of rising interest in embodied artificial intelligence. The listing application has been formally accepted by Shanghai’s exchange following a “preliminary review” on Friday. The 10-year-old company recorded revenue of 1.71 billion yuan last year, up 335 per cent from a year earlier, while net profit on an adjusted basis rose nearly eight times to 600 million yuan, according to its prospectus published on Friday. Advertisement The IPO comes as embodied intelligence – the integration of AI with physical systems – becomes a global buzzword, particularly in China and the US. Unitree said the listing would “strengthen capital resources and further enhance its end-to-end innovation capabilities and overall competitive edge in embodied intelligence”, with proceeds earmarked for developing robot bodies, AI models and manufacturing facilities. Advertisement Between 2022 and September 2025, Unitree shipped more than 30,000 quadruped robots, including enterprise and consumer-grade products. Over the same period, it delivered more than 4,000 humanoid robots, and the total for 2025 reached 5,500 units – ranking first globally, the company said, citing industry data. Humanoid robots accounted for more than half of total revenue in the first nine months of last year, underscoring their growing importance to the business.