Utility company pleaded guilty to criminal offence of supplying water unfit for humans ‘My son is still suffering’: the ill effects of water contamination in ‘Brixham incident’ A utility company has been fined £1.85m for supplying water unfit for human consumption after a parasite outbreak made hundreds of people sick and forced thousands of households to boil their water. South West Water (SWW) p...
Utility company pleaded guilty to criminal offence of supplying water unfit for humans ‘My son is still suffering’: the ill effects of water contamination in ‘Brixham incident’ A utility company has been fined £1.85m for supplying water unfit for human consumption after a parasite outbreak made hundreds of people sick and forced thousands of households to boil their water. South West Water (SWW) pleaded guilty to the criminal offence relating to a cryptosporidiosis outbreak in Brixham, Devon, in the spring and summer of 2024. Continue reading...
Here’s the uncomfortable truth for anyone who wants exposure to the space economy: the company that dominates it isn’t public. SpaceX prints launches, prints Starlink revenue, and prints headlines. You can’t buy it. So when SpaceX itself bothers to name the rivals it actually watches, that list matters. The names cited include United Launch Alliance, ... The Only Public Space Stock Even Elon Musk ...
Here’s the uncomfortable truth for anyone who wants exposure to the space economy: the company that dominates it isn’t public. SpaceX prints launches, prints Starlink revenue, and prints headlines. You can’t buy it. So when SpaceX itself bothers to name the rivals it actually watches, that list matters. The names cited include United Launch Alliance, ... The Only Public Space Stock Even Elon Musk Can’t Dismiss
We Are/DigitalVision via Getty Images Key Takeaways Markets: Surging volatility pressured U.S. equities to start 2026, as rapidly evolving macro conditions and the outbreak of a military conflict in the Middle East contributed to sharp shifts in investor sentiment. A broad-based sell off among more liquid, larger cap holdings put pressure on the Russell 3000 Growth Index, which declined 9.5% for t...
We Are/DigitalVision via Getty Images Key Takeaways Markets: Surging volatility pressured U.S. equities to start 2026, as rapidly evolving macro conditions and the outbreak of a military conflict in the Middle East contributed to sharp shifts in investor sentiment. A broad-based sell off among more liquid, larger cap holdings put pressure on the Russell 3000 Growth Index, which declined 9.5% for the quarter, while small and mid cap growth categories held up relatively better, with the Russell Midcap Growth and Russell 2000 Growth indexes declining 6.3% and 2.8%, respectively. Contributors: Holdings in L3Harris Technologies ( LHX ), Madison Square Garden Sports ( MSGS ) and Vertiv ( VRT ). Stock selection in communication services, consumer discretionary and industrials sectors. Detractors: Holdings in AppLovin ( APP ), not owning Comfort Systems USA ( FIX ) and Quanta Services ( PWR ). Stock selection and an overweight to IT and a lack of exposure to energy. Outlook: Our outlook remains consistent: while macro uncertainty and volatility are likely to persist and may even increase as geopolitical developments evolve, these environments often create the most attractive opportunities for active, bottom-up investors. We continue to emphasize balance — owning companies with both offensive growth potential and defensive characteristics, including strong balance sheets, durable cash flows and capable management teams. This approach is designed to support performance across a wide range of market environments, rather than relying on a single factor or theme. Top Securities (% of Total) Holding Fund Vertiv Holdings Co. ( VRT ) 5.65 Vertex Pharmaceut ( VRTX ) 5.34 TE Connectivity PLC ( TEL ) 5.33 Broadcom Inc. ( AVGO ) 5.11 Tjx Companies Inc ( TJX ) 4.77 L3Harris Technologies Inc. ( LHX ) 4.10 Johnson Controls Int'l ( JCI ) 3.93 Madison Square Garden Co. ( MSGS ) 3.66 HILTON WORLDWIDE HOLDINGS IN ( HLT ) 3.40 Autodesk, Inc. ( ADSK ) 2.88 Click to enlarge Performance Review Th...
For investors, two apparel names currently are providing two very different pitches. When it comes to Gap (NYSE:GAP) and Lululemon Athletica (NASDAQ:LULU), which one belongs in a retirement-focused portfolio right now? After running both through the lenses that matter most for income-oriented investors — yield, valuation and risk profile — the answer is more decisive ... Gap vs. Lululemon: Which A...
For investors, two apparel names currently are providing two very different pitches. When it comes to Gap (NYSE:GAP) and Lululemon Athletica (NASDAQ:LULU), which one belongs in a retirement-focused portfolio right now? After running both through the lenses that matter most for income-oriented investors — yield, valuation and risk profile — the answer is more decisive ... Gap vs. Lululemon: Which Apparel Stock Is Worth Owning Right Now?
Mara Hoplamazian has spent years reporting on 'forever chemicals,' or PFAS. Here's what they've learned about what may help limit everyday exposure to the contaminant. (Image credit: show999/Getty Images)
Mara Hoplamazian has spent years reporting on 'forever chemicals,' or PFAS. Here's what they've learned about what may help limit everyday exposure to the contaminant. (Image credit: show999/Getty Images)
The US government has joined the line of creditors impacted by alleged fraud at bankrupt auto-parts maker First Brands. Columbia Business School Professor and Partner at Silver Point Capital, Michael Gatto discusses his take on the First Brands drama, as well as advice for young professionals in credit and distressed markets. (Source: Bloomberg)
The US government has joined the line of creditors impacted by alleged fraud at bankrupt auto-parts maker First Brands. Columbia Business School Professor and Partner at Silver Point Capital, Michael Gatto discusses his take on the First Brands drama, as well as advice for young professionals in credit and distressed markets. (Source: Bloomberg)
Energy companies heading to Venezuela are being told to bring their own power plants to run their oil and natural gas operations and shield them from frequent blackouts on the nation’s ill-maintained electricity grid. New regulations drafted for Venezuela’s oil law demand that companies be self-sufficient in power generation in oil and gas areas. The rules also consider allowing private companies ...
Energy companies heading to Venezuela are being told to bring their own power plants to run their oil and natural gas operations and shield them from frequent blackouts on the nation’s ill-maintained electricity grid. New regulations drafted for Venezuela’s oil law demand that companies be self-sufficient in power generation in oil and gas areas. The rules also consider allowing private companies to supply power to oil developers, according to a draft of the regulations. Unlike in the past, companies will need to go off-grid to avoid stressing an already frail electricity system, according to the document circulated in mid-May and seen by Bloomberg. Access to reliable electricity is a challenge for Venezuela’s longstanding desire to become an energy juggernaut again, a goal bolstered after the Trump administration forcibly removed former president Nicolás Maduro in early January and loosened sanctions. The US measure ushered in a new administration led by Maduro’s No. 2, Delcy Rodríguez, a new oil law and a rush of investors to Caracas to secure contracts. The new regulations aim to safeguard Venezuela’s grid, which faces frequent outages that disrupt households and hamper operations of oil producers. Oil extraction from wells relies on electric motors that are susceptible to grid frequency fluctuations. If variations are detected, motors shut down, causing production to drop until the well can be restarted by a system or manually by workers. The result is lost time and output. Electricity failures on April 23 affected Chevron Corp. ’s 827 wells in eastern Venezuela’s Orinoco Belt that holds vast crude reserves, resulting in a decrease in production, according to a document seen by Bloomberg. Failures happen on a daily basis in Venezuela’s oil and gas fields, according to three people with knowledge of the situation and historic production records seen by Bloomberg. More than 95% of the US major’s wells in the Orinoco fields depend on the nationwide grid. Less than ...
HPE shares soared by the most ever after the company gave an outlook for annual sales that topped Wall Street’s estimates, citing massive growth in AI-fueled demand for its servers and networking. HPE CEO Antonio Neri joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech" to discuss the company's demand growth, memory prices and outlook. (Source: Bloomberg)
HPE shares soared by the most ever after the company gave an outlook for annual sales that topped Wall Street’s estimates, citing massive growth in AI-fueled demand for its servers and networking. HPE CEO Antonio Neri joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech" to discuss the company's demand growth, memory prices and outlook. (Source: Bloomberg)
The race to field China's first reusable launch vehicle is far less predictable than a similar competition that played out in the United States a decade ago. There was never any real question of which company would develop and demonstrate the first reusable orbital-class rocket in the United States. SpaceX landed a Falcon 9 booster for the first time in 2015, and a little more than a year later, i...
The race to field China's first reusable launch vehicle is far less predictable than a similar competition that played out in the United States a decade ago. There was never any real question of which company would develop and demonstrate the first reusable orbital-class rocket in the United States. SpaceX landed a Falcon 9 booster for the first time in 2015, and a little more than a year later, it launched it back into space. It took nearly 10 years for anyone else to do the same. Blue Origin celebrated its first orbital-class booster landing last November with the successful recovery of one of its New Glenn boosters, followed by a relaunch of the same rocket in April. In China, several companies and state-owned enterprises have a realistic shot at landing an orbital-class booster stage this year. For a time, it seemed like China's new crop of privately funded launch companies might have the advantage in accomplishing the first landing of an orbital-class booster. But Monday's launch of China's Long March 12B rocket, backed by the nearly unrestricted resources of the country's vast state-owned aerospace enterprise, suggests the industry's legacy players may now have a leg up. Read full article Comments
Everyone wants to own NVIDIA (NASDAQ:NVDA). Almost nobody talks about who pours the concrete, runs the wires, and keeps the chips from melting. That’s where we’ve been spending most of our research time over the past 18 months, and three names keep surfacing: Eaton, Vertiv, and Quanta Services. Here’s the setup. AI hyperscalers are now ... The Boring Sector Quietly Powering the Entire AI Revolutio...
Everyone wants to own NVIDIA (NASDAQ:NVDA). Almost nobody talks about who pours the concrete, runs the wires, and keeps the chips from melting. That’s where we’ve been spending most of our research time over the past 18 months, and three names keep surfacing: Eaton, Vertiv, and Quanta Services. Here’s the setup. AI hyperscalers are now ... The Boring Sector Quietly Powering the Entire AI Revolution
Sundry Photography/iStock Editorial via Getty Images Thesis I am a Hold on Western Digital ( WDC ). It has been drawn into the undeniable storage supercycle by AI, and its latest quarter was a truly great set of numbers. The only problem with the growth story here is that most of this has already been priced into the stock. Trading at just under 31–34x forward earnings, one would expect WDC's valu...
Sundry Photography/iStock Editorial via Getty Images Thesis I am a Hold on Western Digital ( WDC ). It has been drawn into the undeniable storage supercycle by AI, and its latest quarter was a truly great set of numbers. The only problem with the growth story here is that most of this has already been priced into the stock. Trading at just under 31–34x forward earnings, one would expect WDC's valuation to be a lot more robust than something that is still principally a cyclical business. For current shareholders, the thesis isn't wrong; it just needs to be given some more time. For potential investors, I see a lot more downside than upside from these levels without a significant correction or additional earnings validation. Company Overview Western Digital is one of the world's largest manufacturers of hard drives for enterprise, cloud, and consumer markets . Since its sale of its flash memory business, the firm is the purest of pure-play HDD companies, with a heavy tilt towards the data center. It has also become far more focused in its identity: WDC is no longer a storage reseller and manufacturer conglomerate but solely a provider of high-capacity nearline drives , which is precisely the sort of thing that AI infrastructure will require in vast quantities. 89% of WDC's sales now come from cloud customers, with order books running through 2027 and 2028 with irreducible buy-side commitments from the biggest hyperscalers. That sort of guidance is extremely unusual in hardware, and it is the backbone of the bullish case. Financial Performance and Qualitative Analysis The numbers from Q3 2026 are quite clear. Revenue was $3.34 billion, up a massive 45 percent year over year (YoY). Adjusted EPS was $2.72, beating consensus estimates of $2.36 (roughly a 15 percent beat) and nearly doubling YoY. Non-GAAP gross margin was 50.5 percent, with operating margins at a ridiculous 38.6 percent. That's insanely high for an HDD manufacturer. The free cash flow for the quarter was a...
Palo Alto Networks (NASDAQ:PANW) is positioned as a long-duration compounder because cybersecurity has crossed the line from corporate luxury into non-discretionary utility, and the company sits at the center of that permanent shift. Hackers don’t take time off when the economy slows down, and enterprises are now consolidating fragmented security stacks onto integrated, AI-driven platforms. ... A ...
Palo Alto Networks (NASDAQ:PANW) is positioned as a long-duration compounder because cybersecurity has crossed the line from corporate luxury into non-discretionary utility, and the company sits at the center of that permanent shift. Hackers don’t take time off when the economy slows down, and enterprises are now consolidating fragmented security stacks onto integrated, AI-driven platforms. ... A Once-in-a-Generation Megatrend Makes This Cybersecurity Stock a High-Conviction Buy for the Next 20
Michael Parekh discusses Nvidia's latest earnings, highlighting 85% revenue growth and a strong outlook. He explains why the stock's reaction was muted despite the impressive numbers and addresses the impact of China's market and the future of AI infrastructure spending.
Michael Parekh discusses Nvidia's latest earnings, highlighting 85% revenue growth and a strong outlook. He explains why the stock's reaction was muted despite the impressive numbers and addresses the impact of China's market and the future of AI infrastructure spending.
Vertex Pharmaceuticals (NASDAQ:VRTX) screens as a long-duration compounder because it sits on a global monopoly in cystic fibrosis therapies that generates substantial free cash, while Wall Street prices it closer to a generic large-cap biotech than to the cash-flow compounder its financials describe. For a retirement-focused investor who has been burned chasing momentum, this is ... Got $5,000? 1...
Vertex Pharmaceuticals (NASDAQ:VRTX) screens as a long-duration compounder because it sits on a global monopoly in cystic fibrosis therapies that generates substantial free cash, while Wall Street prices it closer to a generic large-cap biotech than to the cash-flow compounder its financials describe. For a retirement-focused investor who has been burned chasing momentum, this is ... Got $5,000? 1 Cash-Flow King to Buy and Hold Forever That Wall Street Is Completely Mispricing
Alphabet's surprise $80 billion capital raise sparked debate, but Jefferies Equity Research Analyst Brent Thill says it's a power move, not a rescue mission. He joins Bloomberg Open Interest to explain why Google is racing ahead of potential OpenAI, Anthropic and SpaceX IPOs, why AI spending could exceed $1 trillion annually and how the AI boom could fundamentally reshape corporate hiring and inve...
Alphabet's surprise $80 billion capital raise sparked debate, but Jefferies Equity Research Analyst Brent Thill says it's a power move, not a rescue mission. He joins Bloomberg Open Interest to explain why Google is racing ahead of potential OpenAI, Anthropic and SpaceX IPOs, why AI spending could exceed $1 trillion annually and how the AI boom could fundamentally reshape corporate hiring and investment decisions. (Source: Bloomberg)