Metals Acquisition Corp. II ( MTAL ) priced its IPO of 20M units at $10 per unit to raise $200M, with the units set to start trading March 12 on the NYSE under the ticker MTAL.U. Each unit includes one Class A share and one-third of a warrant, with whole warrants allowing investors to buy an additional share at $11.50, subject to adjustments. Once the units separate, the Class A shares are expecte...
Metals Acquisition Corp. II ( MTAL ) priced its IPO of 20M units at $10 per unit to raise $200M, with the units set to start trading March 12 on the NYSE under the ticker MTAL.U. Each unit includes one Class A share and one-third of a warrant, with whole warrants allowing investors to buy an additional share at $11.50, subject to adjustments. Once the units separate, the Class A shares are expected to trade on the NYSE under MTAL, while the warrants are set to trade under MTAL.WS Moreover, the offering is expected to close on March 13, 2026. The underwriters have a 45-day option to purchase up to an additional 3M units at the same IPO price. More on Metals Acquisition Corp. II Financial information for Metals Acquisition Corp. II
Ryouchin/DigitalVision via Getty Images In December, I wrote an article on Marvell Technology, Inc. ( MRVL ), where I was bullish on the optics business as the industry pivots from copper to optical interconnects. The stock has been basically flat since then, which is not a surprise given the rotation out of tech since the start of the year. Back then, there was a lot of drama around Marvell, driv...
Ryouchin/DigitalVision via Getty Images In December, I wrote an article on Marvell Technology, Inc. ( MRVL ), where I was bullish on the optics business as the industry pivots from copper to optical interconnects. The stock has been basically flat since then, which is not a surprise given the rotation out of tech since the start of the year. Back then, there was a lot of drama around Marvell, driven by two headlines. I summarize them below. First, the Microsoft-Broadcom codesign rumor, which suggested that Microsoft was in talks to design future custom chips with Broadcom, potentially shifting work from Marvell. To the best of my knowledge, I am not aware of any public announcement from Microsoft, Broadcom, or Marvell confirming that a Microsoft-Broadcom custom chip co-design deal was signed. That said, Broadcom's guidance a few weeks ago was impressive enough to prove a point: the company is far ahead of Marvell in the XPU silicon race. The second headline was Benchmark downgrading Marvell to a hold after arguing that Marvell may have lost Amazon Trainium 3 and 4 designs to Alchip. Once again, there is no official source from Marvell/AIchip to confirm this, although a subsequent Benchmark note said Marvell appears to have retained a partial role on Amazon Trainium 3/4, with Alchip added for additional design support. Either way, I am equally disappointed. Why? Marvell's guidance for its custom silicon business this year implies a 20% yoy growth rate. Bear in mind, the revenue of this business doubled in FY26 to $1.5B. Frankly, I was expecting more of the XPU business, even though it's not the main pillar of my bull case. Last week, Marvell had one of the highest returns in the semiconductor industry after the strong guidance in its optical interconnect business. However, I am downgrading to a hold as I see a painful uphill battle against stronger competitors in both the XPU and optics space. I think money will be chasing growth in the semiconductor industry (once t...
Centrus Partners with Palantir to Drive Cost Savings and Unlock Operational Efficiencies in Major Expansion of U.S. Uranium Enrichment Capacity PR Newswire
Centrus Partners with Palantir to Drive Cost Savings and Unlock Operational Efficiencies in Major Expansion of U.S. Uranium Enrichment Capacity PR Newswire
Centrus Partners with Palantir to Drive Cost Savings and Unlock Operational Efficiencies in Major Expansion of U.S. Uranium Enrichment Capacity – Company Announcement - FT.com Financial Times
Centrus Partners with Palantir to Drive Cost Savings and Unlock Operational Efficiencies in Major Expansion of U.S. Uranium Enrichment Capacity – Company Announcement - FT.com Financial Times
Fuel nozzles hang at a petrol pump at a fuel station in Guwahati, India, on March 11, 2026. Oil prices reverse course from recent highs, slipping to around 90 USD a barrel after remarks by U.S. President Donald Trump on the Iran conflict. Markets remain unsettled as traders monitor the evolving geopolitical situation. (Photo by David Talukdar/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ...
Fuel nozzles hang at a petrol pump at a fuel station in Guwahati, India, on March 11, 2026. Oil prices reverse course from recent highs, slipping to around 90 USD a barrel after remarks by U.S. President Donald Trump on the Iran conflict. Markets remain unsettled as traders monitor the evolving geopolitical situation. (Photo by David Talukdar/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images India's consumer inflation rose for the fourth straight month to 3.21% in February, up from 2.75% in the previous month. The headline inflation number was in line with economists' expectations for a 3.1% rise in the consumer price index, according to a Reuters poll. This is the second consumer price index reading under a revised data series, with the base year changed to 2024 from 2012 to reflect changes in consumption patterns. The base year was changed because "significant structural changes have occurred in consumption behaviour, income levels, urbanisation, expansion of the services sector, and digitalization," the government said in a statement in February. India's central bank expects inflation for the current financial year to be 2.1%, it said at its last monetary policy meeting on Feb. 5, adding that food supply prospects "remain bright" in the near term. However, experts said that while inflation will remain within the Reserve Bank of India's 2% to 6% target range, it is unlikely to trigger policy action owing to the escalating conflict in the Middle East. Looming energy crisis The U.S.-Israel war in Iran has disrupted maritime traffic in the Strait of Hormuz — a key corridor for global energy trade — threatening India's supply of crude oil and liquefied petroleum gas (LPG), a primary cooking fuel. Currently, around 30% of India's crude oil supplies and 90% of LPG imports transit through the Strait of Hormuz, the government said in a note on Wednesday. While households are not yet facing a shortage of cooking fuel, prices have risen. Many hotels and restaura...
Build-A-Bear Workshop press release ( BBW ): Q4 GAAP EPS of $1.26 beats by $0.04 . Revenue of $154.5M (+2.7% Y/Y) misses by $1.21M . The Company introduces fiscal 2026 guidance, projecting total revenues to grow in the mid-single-digits vs 4.31% consensus and pre-tax income ranging from a mid-single-digit decline to low single-digit growth, inclusive of a full year of tariff and related costs, as ...
Build-A-Bear Workshop press release ( BBW ): Q4 GAAP EPS of $1.26 beats by $0.04 . Revenue of $154.5M (+2.7% Y/Y) misses by $1.21M . The Company introduces fiscal 2026 guidance, projecting total revenues to grow in the mid-single-digits vs 4.31% consensus and pre-tax income ranging from a mid-single-digit decline to low single-digit growth, inclusive of a full year of tariff and related costs, as well as longer-range investments More on Build-A-Bear Workshop Build-A-Bear: I'm Bullish Due To 3 Growth Drivers Build-A-Bear's Weakening Margins Make It Less Compelling (Rating Downgrade) Build-A-Bear Workshop: An Unlikely Growth Story Trading At A Great Price Top 10 small-cap stocks with highest dividend growth grade Seeking Alpha’s Quant Rating on Build-A-Bear Workshop
Good morning . Iran escalates attacks in the Middle East. The turmoil in oil markets is unprecedented, the IEA says. If all the churn is fraying your nerves, a quiet fishing trip may be what the doctor orders. Listen to the day’s top stories . S&P 500 Index Futures 6,754.75 -0.37% Nasdaq 100 Index Futures 24,898.75 -0.34% Bloomberg Dollar Spot Index 1,204.27 +0.12% Iran escalated attacks on parts ...
Good morning . Iran escalates attacks in the Middle East. The turmoil in oil markets is unprecedented, the IEA says. If all the churn is fraying your nerves, a quiet fishing trip may be what the doctor orders. Listen to the day’s top stories . S&P 500 Index Futures 6,754.75 -0.37% Nasdaq 100 Index Futures 24,898.75 -0.34% Bloomberg Dollar Spot Index 1,204.27 +0.12% Iran escalated attacks on parts of Dubai and shipping assets , causing more concern about the length of the Middle East war and the effective closure of the Strait of Hormuz. Brent crude jumped back above $100 and global bonds surrendered year-to-date gains as inflation angst swirled . The conflict is causing unprecedented turmoil on oil markets, hitting 7.5% of global supply and an even bigger swath of exports, the International Energy Agency said. Vladimir Putin’s envoy discussed the energy crisis with US officials in Florida. Follow the latest in our live blog . The widening war has triggered more than 46,000 flight cancellations across the region, hitting Asia-Europe routes especially hard and driving prices higher. An economy class round-trip ticket from Sydney to London in April has increased by more than 80% in the past two weeks, while a business class ticket for the same route was running about 40% higher. After spending decades positioning themselves at the center of global air travel, Gulf air carriers’ long-term growth plans are in disarray . Hedge funds are experiencing their steepest drawdown since April’s tariff turmoil, according to JPMorgan strategists, with Citadel’s GFI and Diego Megia’s Taula among the hardest hit . Morgan Stanley and Cliffwater capped withdrawals from their multibillion-dollar private credit funds after investors looked to redeem vastly more than the vehicles allow . Trade Probe Into China Paves Way for New Trump Tariffs Watch the Video President Donald Trump’s administration started the first of several sweeping trade investigations that set the stage for new tariffs...
"Centrus has developed and proven America's most advanced uranium enrichment technology, and this expansion marks the moment when we scale it for commercial deployment. By integrating Palantir's powerful tools and proven techniques into our manufacturing we are positioned to meet and exceed all operational excellence goals," said Centrus President and CEO Amir Vexler. "The nearly $300 million in s...
"Centrus has developed and proven America's most advanced uranium enrichment technology, and this expansion marks the moment when we scale it for commercial deployment. By integrating Palantir's powerful tools and proven techniques into our manufacturing we are positioned to meet and exceed all operational excellence goals," said Centrus President and CEO Amir Vexler. "The nearly $300 million in savings we have identified to date are only the beginning. This partnership builds on our recently announced EPC partnership with Fluor and demonstrates Centrus' day-one commitment to bring in lead times and reduce unit costs for this project. It strengthens our ability to deliver a reliable, American–owned source of enriched uranium to support the nation's energy security and the next generation of advanced reactors." Since the partnership began in late January, Centrus and Palantir have already identified nearly $300 million in potential cost savings and efficiencies. Project execution is a key focus area and Centrus is rapidly de-risking it. Additional improvements have been identified that are expected to reduce manufacturing lead times and accelerate the timetable for bringing new uranium enrichment capacity online. Through this partnership, Centrus aims to become the most efficient, cost-competitive and reliable enricher in the market. BETHESDA, Md., March 12, 2026 /PRNewswire/ -- Palantir Technologies Inc. (NASDAQ: PLTR), a leading provider of AI systems and enterprise operating systems, and Centrus Energy (NYSE: LEU), the U.S. company leading the effort to restore America's ability to enrich uranium at commercial scale, today announced a landmark partnership that will apply Palantir's AI-driven software tools in support of Centrus' multi-billion-dollar expansion of its uranium enrichment capacity. The partnership will be featured later today at AIPCon 9, an event which brings together leaders from industry and government to showcase the power of Palantir's AI-driven ...
"Centrus has developed and proven America's most advanced uranium enrichment technology, and this expansion marks the moment when we scale it for commercial deployment. By integrating Palantir's powerful tools and proven techniques into our manufacturing we are positioned to meet and exceed all operational excellence goals," said Centrus President and CEO Amir Vexler. "The nearly $300 million in s...
"Centrus has developed and proven America's most advanced uranium enrichment technology, and this expansion marks the moment when we scale it for commercial deployment. By integrating Palantir's powerful tools and proven techniques into our manufacturing we are positioned to meet and exceed all operational excellence goals," said Centrus President and CEO Amir Vexler. "The nearly $300 million in savings we have identified to date are only the beginning. This partnership builds on our recently announced EPC partnership with Fluor and demonstrates Centrus' day-one commitment to bring in lead times and reduce unit costs for this project. It strengthens our ability to deliver a reliable, American–owned source of enriched uranium to support the nation's energy security and the next generation of advanced reactors." Since the partnership began in late January, Centrus and Palantir have already identified nearly $300 million in potential cost savings and efficiencies. Project execution is a key focus area and Centrus is rapidly de-risking it. Additional improvements have been identified that are expected to reduce manufacturing lead times and accelerate the timetable for bringing new uranium enrichment capacity online. Through this partnership, Centrus aims to become the most efficient, cost-competitive and reliable enricher in the market. BETHESDA, Md., March 12, 2026 /PRNewswire/ -- Palantir Technologies Inc. (NASDAQ: PLTR), a leading provider of AI systems and enterprise operating systems, and Centrus Energy (NYSE: LEU), the U.S. company leading the effort to restore America's ability to enrich uranium at commercial scale, today announced a landmark partnership that will apply Palantir's AI-driven software tools in support of Centrus' multi-billion-dollar expansion of its uranium enrichment capacity. The partnership will be featured later today at AIPCon 9, an event which brings together leaders from industry and government to showcase the power of Palantir's AI-driven ...
Now that trainers have supplanted smart shoes for so many occasions, and people replace them as often as fashion and budget allow, shoe maintenance is becoming a lost art. But if you love your shoes, it’s well worth pursuing. How can you keep your favourite pairs going for as long as possible? We asked cobblers for their dos and don’ts. Know that there is little a cobbler can’t fix It is time to w...
Now that trainers have supplanted smart shoes for so many occasions, and people replace them as often as fashion and budget allow, shoe maintenance is becoming a lost art. But if you love your shoes, it’s well worth pursuing. How can you keep your favourite pairs going for as long as possible? We asked cobblers for their dos and don’ts. Know that there is little a cobbler can’t fix It is time to wise up about shoe care, says Joey Cope, owner of Cobbler Cope in Newquay. “We just kick them off our feet at the end of the day, then the next day. They are getting wet, dry, wet, dry. It takes its toll on shoes.” The UK dumps 149m pairs of shoes in landfill annually, says Chris Hulse, co-owner of Sole and Trail in Kendal. “This is unacceptable when the vast majority can be fixed. Sometimes all it takes is a small gluing or stitching job, and you’re only paying £4 – then those shoes might last for another 12 months or even longer.” View image in fullscreen Photograph: Martin Pick/Alamy “I turn away very little,” says Cope. “With holes in shoes, we can put patches behind and make it look as best as possible from the outside. For splits down the sole, we can put a piece of leather to reinforce the shoe and feed that underneath the insole.” This goes for vegan shoes, too. “If a shoe comes in and it is a rubber or plastic construction, we can still repair it,” says Antony Frith of The Shoe Healer in Doncaster. Lately it’s become possible to get rubber replacement soles for worn-out trainers. “It is a sought-after repair,” says Cope, “because trainers are expensive. If you could pay a quarter or half the price of a pair of trainers for a resole, and your shoes are back on the road again, then job’s a good ’un.” “When buying shoes, often it is about comfort more than anything,” says Cope. “A lot of people try them on and say, ‘These are really comfortable,’ but they don’t think about what they’re made of.” When shopping for leather shoes, he advises, check the quality by “looking...
Flights across the Middle East were disrupted Thursday as drone attacks inflicted damage on Iran’s neighbors, further unraveling a tightly coordinated schedule for moving passengers through some of the world’s biggest travel hubs. Several strikes caused material damages at Kuwait International Airport, the government said. There were no injuries, the Kuwait News Agency reported. People at Dubai In...
Flights across the Middle East were disrupted Thursday as drone attacks inflicted damage on Iran’s neighbors, further unraveling a tightly coordinated schedule for moving passengers through some of the world’s biggest travel hubs. Several strikes caused material damages at Kuwait International Airport, the government said. There were no injuries, the Kuwait News Agency reported. People at Dubai Intentional Airport had to shelter away from glass for about 30 minutes Thursday morning as the emirate reported a drone attack near the city’s financial center. Photos showed damage to a building in Dubai Creek Harbour. Overnight, commercial jets were circling Riyadh and unable to land, according to data from Flightradar24 . Gulf carriers have spent decades positioning themselves at the center of global air travel, and Dubai, Abu Dhabi and Doha are now key stopover points for long-haul trips, particularly between Europe and Asia. That means when disruptions hit, a delicately mapped-out schedule for passengers, crews and aircraft has to be tossed aside, leaving tens of thousands of travelers and hundreds of planes out of position. On Wednesday, Dubai’s main airport briefly halted operations after drones smashed into the facility, resulting in four injuries at the world’s busiest international hub. Bahrain repositioned about 17 aircraft for national carrier Gulf Air and several cargo companies abroad as the country continues to face threats from Iran. Since the war started, Bahrain has sustained damages to infrastructure such as the main airport and a water desalination site. Read More: Iran War Exposes Cracks for Airlines That Connect the World
The company sees ways to integrate quantum processors with CPUs and GPUs in modern supercomputers — years before large-scale quantum computers have their moment
The company sees ways to integrate quantum processors with CPUs and GPUs in modern supercomputers — years before large-scale quantum computers have their moment
Ukraine hit an important hub for Russia’s network of crude-export pipelines in the southern Krasnodar region. As a result of Ukrainian drone attack, a large fire broke out at a terminal in Tikhoretsk, where a major oil depot and a pumping station are located, according to a person familiar with the matter, who wasn’t authorized to speak publicly. The facility is owned by Transneft PJSC , Russia’s ...
Ukraine hit an important hub for Russia’s network of crude-export pipelines in the southern Krasnodar region. As a result of Ukrainian drone attack, a large fire broke out at a terminal in Tikhoretsk, where a major oil depot and a pumping station are located, according to a person familiar with the matter, who wasn’t authorized to speak publicly. The facility is owned by Transneft PJSC , Russia’s state-run oil-pipeline operator. Transneft didn’t respond to a Bloomberg request for a comment on whether export flows or supplies to domestic refineries have been affected. Russia’s regional emergency authorities in southern Krasnodar said a fire spread rapidly to cover 3,800 square meters at an oil depot in the suburbs of Tikhoretsk this morning. It didn’t give further details. The burning oil depot is located in the same area as the pumping station, according to satellite images from NASA’s Fire Information for Resource Management System. The strike is one of the latest in a flurry of Ukrainian drone attacks on Russian oil and gas infrastructure this month as the Kremlin’s full-scale invasion entered its fifth year. Earlier on Thursday, Russian gas giant Gazprom PJSC reported new attacks on pumping stations that serve the TurkStream and Blue Stream pipelines. READ: Russia Repels Attacks on Gas Links With Turkey, Gazprom Says The oil pumping station in Tikhoretsk is a key facility for Russian supplies and exports, distributing crude received via four main pipelines toward the Black Sea ports of Novorossiysk and Tuapse. Any halt in Russian crude exports from those sea terminals would add further pressure on the global oil market amid the deepening conflict in the Middle East.
Denis Shevchuk/iStock via Getty Images On February 24th, 2026, ONEOK ( OKE ) reported full-year earnings for 2025 and provided guidance for 2026 which surprised the market because of its weakness. Adjusted EBITDA landed at $8,020MM for 2025 (including transaction costs of $65MM or $8,085MM without), and ONEOK’s 2026 guidance landed at $8100MM. The market was expecting closer to $8500 for 2026 give...
Denis Shevchuk/iStock via Getty Images On February 24th, 2026, ONEOK ( OKE ) reported full-year earnings for 2025 and provided guidance for 2026 which surprised the market because of its weakness. Adjusted EBITDA landed at $8,020MM for 2025 (including transaction costs of $65MM or $8,085MM without), and ONEOK’s 2026 guidance landed at $8100MM. The market was expecting closer to $8500 for 2026 given the rosy outlook outlined in early 2025 that ONEOK provided. The numbers were a bit hard to swallow given all the CAPEX spending and all the synergies that they listed. The bullish outlook for ONEOK is still intact, but the sobering numbers moved the stock one step closer to a hold. The energy markets, as usual, are anything but stable, making future predictions, well, unpredictable. Given the massive dislocations we’ve seen in the energy market due to the US-Israel-Iran war, we need to review the guidance for potential adjustments. As usual, let’s unpack the numbers and review the new data. ONEOK's 4 Divisions ONEOK has four reporting divisions: (1) Natural Gas Gathering and Processing (G&P) which includes gathering infrastructure and natural gas processing plants in several key basins—the Permian, the Barnett, the midcontinent region (Scoop and Stack areas and the larger Anadarko region), and the Rocky Mountain areas (including the Bakken, Williston, and Powder River). (2) Natural Gas Liquids (NGL) division includes their so-called Y-grade NGL transport pipelines that move natural gas liquids from processing plants (their own and others) to fractionation units in Conway, Mont Belvieu, and Louisiana. They own 1.2MMBbls/d of fractionation capacity to split natural gas liquids into so-called purity products (ethane, propane, butane, and natural gasoline), which are then sold to markets in the US and moved to the water for export. (3) Their sprawling Refined Products and Crude (RPC) division blends, stores, and transports refined products like gasoline, diesel, jet fuel, an...