Shares of Navitas Semiconductor (NASDAQ:NVTS) , developer of gallium nitride (GaN) and silicon carbide (SiC) power semiconductors for efficient power conversion, closed at $10.84, up 24.88% on Wednesday. Shares surged after the company launched new SiC MOSFET and AI-focused power platforms. Investors are watching how AI data center and power infrastructure demand translate into sustained revenue g...
Shares of Navitas Semiconductor (NASDAQ:NVTS) , developer of gallium nitride (GaN) and silicon carbide (SiC) power semiconductors for efficient power conversion, closed at $10.84, up 24.88% on Wednesday. Shares surged after the company launched new SiC MOSFET and AI-focused power platforms. Investors are watching how AI data center and power infrastructure demand translate into sustained revenue growth. Trading volume reached 54.7 million shares, coming in about 161% above its three-month average of 20.9 million shares. Navitas Semiconductor IPO'd in 2021 and has fallen 15% since going public. The S&P 500 slipped 0.10% to finish Wednesday’s session at 6,775, while the Nasdaq Composite inched up 0.08% to close at 22,716. Among semiconductors and related devices, Wolfspeed closed at $18.2, up 9.77%, while ON Semiconductor ended at $59.24, down 0.59%, highlighting mixed sentiment among power-chip peers. Navitas Semiconductor’s ambitions to reinvent itself took a tangible step forward today. Shifting its focus from mobile and consumer semiconductor sales to AI data centers, energy and grid infrastructure, high-performance computing, and industrial electrification, Navitas released two new semiconductor power packages that could set a new standard for the niche. Continue reading
Apollo Global Management Inc. is preparing to start reporting the net asset values of its credit funds on a monthly basis, with aims for daily NAVs and third-party valuations over time. Aaron Weinman has more on "Bloomberg The Close." (Source: Bloomberg)
Apollo Global Management Inc. is preparing to start reporting the net asset values of its credit funds on a monthly basis, with aims for daily NAVs and third-party valuations over time. Aaron Weinman has more on "Bloomberg The Close." (Source: Bloomberg)
The key to working at a place like Ars Technica is solid news judgment. I'm talking about the kind of news judgment that knows whether a pet peeve is merely a pet peeve or whether it is, instead, a meaningful example of the Ways that Technology is Changing our World. The difference between the two is one of degree: A pet peeve may drive me nuts but does not appear to impact anyone else. A Ways tha...
The key to working at a place like Ars Technica is solid news judgment. I'm talking about the kind of news judgment that knows whether a pet peeve is merely a pet peeve or whether it is, instead, a meaningful example of the Ways that Technology is Changing our World. The difference between the two is one of degree: A pet peeve may drive me nuts but does not appear to impact anyone else. A Ways that Technology is Changing our World story must be about something that drives a lot of people nuts. "But where is the threshold?" I hear you asking plaintively. "It's extremely important that I know when something crosses the line from pet peeve to important, chin-stroking journalism topic!" Read full article Comments
Bird Construction press release ( BIRDF ): Q4 Non-GAAP EPS of C$0.57. Constructive revenue of C$887M (-5.3% Y/Y) More on Bird Construction Inc. Historical earnings data for Bird Construction Inc. Dividend scorecard for Bird Construction Inc. Financial information for Bird Construction Inc.
Bird Construction press release ( BIRDF ): Q4 Non-GAAP EPS of C$0.57. Constructive revenue of C$887M (-5.3% Y/Y) More on Bird Construction Inc. Historical earnings data for Bird Construction Inc. Dividend scorecard for Bird Construction Inc. Financial information for Bird Construction Inc.
Andrii Dodonov/iStock via Getty Images Business development companies ("BDCs") were quite overvalued over the last 2 years, and we were advocating for the sector's bonds throughout that period. Now that the sector is in panic mode, the comparison between bonds and equity is not as straightforward as it was, and some companies are priced in a way that makes us prefer equity exposure. Recently, on M...
Andrii Dodonov/iStock via Getty Images Business development companies ("BDCs") were quite overvalued over the last 2 years, and we were advocating for the sector's bonds throughout that period. Now that the sector is in panic mode, the comparison between bonds and equity is not as straightforward as it was, and some companies are priced in a way that makes us prefer equity exposure. Recently, on March 04, 2026, PennantPark Floating Rate Capital ( PFLT ) issued a new over-the-counter bond with a 6.75% coupon rate. The bond has close to 3 years to maturity, with a maturity date on 03/04/2029. As we examine all bond IPOs in the sector, we want to put this one to the test and see whether its risk-adjusted profile is better than its own equity profile. The new issue. PFLT's new bond (pflt.pennantpark.com) The bond is issued as an effort by the company to reduce its secured debt exposure, and the price they pay is a spread over the 3-year Treasury of around 3%. So we have a 3-year bond with a 3% spread over treasuries, issued at a time when the sector's average bond yield has a very similar spread. The benchmark companies are able to finance at lower yields and an average credit spread of around 2%. PFLT In Details At the end of 2025, PFLT has close to 160 investments - primarily in first lien, senior secured loans - close to 78%. PFLT's asset portfolio (pflt.pennantpark.com) The total assets are close to $2.72 billion. Only 3.5% of them are in cash and cash equivalents: PFLT's earnings (pflt.pennantpark.com) And in the next chart is shown the debt of the company: PFLT's debt (pflt.pennantpark.com) The company's 10-year total return is close to 7%, near the average for the peer group, and the 3-year return is around 8.9%. PFLT's total returns (cefdata.com) Historical Premiums/Discounts PFLT's premium/discount chart (cefdata.com) The 10-year premium/discount chart for the company is shown above. Currently, PFLT trades at a close to 20% discount, which is near the lowest di...
Watch Xanadu Fireside Chat Below: IPO Edge hosted a fireside chat with Xanadu on March 11, 2026. The live event featured Christian Weedbrook, founder and Chief Executive Officer of Xanadu, moderated by IPO Edge Editor-in-Chief John Jannarone and Editor-at-Large Jarrett Banks in a video session lasting approximately 40 minutes including a Q&A with the audience. Xanadu also announced that it is nego...
Watch Xanadu Fireside Chat Below: IPO Edge hosted a fireside chat with Xanadu on March 11, 2026. The live event featured Christian Weedbrook, founder and Chief Executive Officer of Xanadu, moderated by IPO Edge Editor-in-Chief John Jannarone and Editor-at-Large Jarrett Banks in a video session lasting approximately 40 minutes including a Q&A with the audience. Xanadu also announced that it is negotiating an up to CAD $390 million initiative with the Government of Canada and the Government of Ontario to establish advanced semiconductor and photonic manufacturing capabilities for the country’s quantum technology supply chain. To watch the replay, CLICK HERE. Mr. Weedbrook discussed: Why photonic quantum computing offers distinct advantages in energy efficiency, scalability, and networkability The story of Xanadu’s journey from startup to $3.1B valuation and what the SPAC deal with Crane Harbor Acquisition Corp. (Nasdaq: CHAC) means for the quantum computing industry Predictions for quantum breakthroughs across industries through 2026 Mr. Weedbrook’s personal journey from quantum researcher to visionary entrepreneur About Xanadu Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world’s leading quantum hardware and software companies. The Company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit xanadu.ai or follow us on X @XanaduAI. About Crane Harbor Acquisition Corp Crane Harbor Acquisition Corp. (Nasdaq: CHAC) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. About Christian Weedbrook Mr. Weedbrook is our founder and has served as our Chief Executive Officer and a member of our board of directors since Sep...
matejmo Hedge fund positioning across U.S. equities ( SP500 ), ( DJI ), ( COMP:IND ) has created a setup for stocks to surge sharply higher after their recent pullback, according to John Flood, Goldman Sachs’s head of Americas equities execution services and partner. He said bearish bets on macro products like exchange-traded funds and index futures have reached their highest level since September...
matejmo Hedge fund positioning across U.S. equities ( SP500 ), ( DJI ), ( COMP:IND ) has created a setup for stocks to surge sharply higher after their recent pullback, according to John Flood, Goldman Sachs’s head of Americas equities execution services and partner. He said bearish bets on macro products like exchange-traded funds and index futures have reached their highest level since September 2022, creating conditions where positive news could trigger a 2% to 3% gain “in a straight line” as investors rush to cover their short positions. “If we were to get a headline declaring the conflict over, you could see a sharp move higher at the index level,” he said, adding that “most of that would be that macro product covering.” The current positioning reflects a market grappling with uncertainty from the Iran war, credit fears, and concerns over artificial intelligence, according to the strategist. Gross exposure among hedge funds, which measures the total value of long and short positions, is currently near an all-time high at 307%, the bank’s prime brokerage team data shows. “Right tail risk is more extreme than left tail risk right now,” Flood said, explaining that “because gross exposure is so high and we’ve seen so much shorting in macro products, any positive headline could trigger aggressive covering.” Markets already experienced a taste of this dynamic on Monday when U.S. President Donald Trump said the war with Iran would resolve “very soon.” according to Goldman. The S&P 500 ( SP500 ) closed 0.8% higher after an earlier 1.5% drop, with traders attributing much of the rebound to short-covering activity. Meanwhile, Goldman’s corporate buyback desk saw one of its busiest periods for executing share repurchases in three years during the recent pullback, providing additional support to equities, Flood noted. However, technical fragility remains a concern as liquidity across markets has deteriorated sharply, according to the strategist. Goldman estimates that top-...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . The International Energy Agency’s plan to release the most oil ever from its member states’ reserves is poised to counteract recent price gains for Canadian producers. IEA members agreed to discharge 400 million barrels in response to ...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . The International Energy Agency’s plan to release the most oil ever from its member states’ reserves is poised to counteract recent price gains for Canadian producers. IEA members agreed to discharge 400 million barrels in response to the war in Iran — more than double what was released in 2022 after Russia invaded Ukraine. While the IEA has yet to break down the types of oil included in today’s agreement, history indicates that such volumes may hurt Canada’s energy companies, especially if the oil is high in sulfur like the crude produced in the oil sands. The 2022 release widened Canadian heavy crude’s discount to a monthly average of US benchmark West Texas Intermediate to more than $30 by September of that year. Today, the discount stands at roughly $13, which is about 6% narrower than before the war in Iran. This time, things might be better for Canada, said Martin King of RBN Energy. “I think the effect will not be quite as pronounced in terms of bearishness, simply because the world is still — at least as far as we know as of today — facing a pretty decent shortage of medium sour barrels coming out of the Persian Gulf,” he said. Canada doesn’t hold a US-style strategic petroleum reserve but has pledged to help . The government is asking companies to release some of their inventories or delay spring maintenance work. But Canadian producers are limited by the availability of export pipelines, which are fairly full, King said. “They could request all they want, but if pipelines are full, then you’re kind of stuck,” he said. Also in this newsletter: a fourth opposition member crosses the floor , coffee is more expensive and the latest on tariff refunds . The following was produced with the assistance of Bloomberg Automation. Top stories Bank of Nova Scotia’s board gave CEO Scott Thomson a 28% raise , ...
Key Points This company specializes in one of the top use cases for Anthropic's Claude Code. It's fighting back with its own vibe-coding platform and experiencing incredible growth. Analysts all see the stock heading higher from here. 10 stocks we like better than Wix.com › Software stocks have been on a roller-coaster ride over the last few months, as fears of disruption from generative artificia...
Key Points This company specializes in one of the top use cases for Anthropic's Claude Code. It's fighting back with its own vibe-coding platform and experiencing incredible growth. Analysts all see the stock heading higher from here. 10 stocks we like better than Wix.com › Software stocks have been on a roller-coaster ride over the last few months, as fears of disruption from generative artificial intelligence (AI) have caused investors to reevaluate the future of many businesses in the sector. The predictable subscription revenue model of software-as-a-service (SaaS) stocks might not be so predictable anymore, increasing uncertainty and pushing earnings multiples for many companies much lower. One company that appears particularly threatened by the rise of AI coding agents like Anthropic's Claude Code saw its stock price drop nearly 75% from its 2025 peak by late February. While the shares have since rebounded sharply (up 50% since their February lows as of this writing), thanks in part to a solid earnings report, analysts still see potential for the stock to climb another 33%. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Here's why investors should take a closer look at Wix (NASDAQ: WIX), which trades for about $94 as of this writing with a median analyst price target of $125. If you can't beat 'em, join 'em Wix's core business is helping people build websites. But when anyone can type a description of a website they want to "build" into Anthropic's Claude Code and have a working webpage in a few minutes, it seems like it might not be long for this world. Wix is more than just a website builder, though. It also provides hosting and maintenance services for its users, and it offers add-ons like marketing services to monetize sites, payment services for storefronts, and more. It has found a pa...
JHVEPhoto The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission entered into a memorandum of understanding to guide coordination and collaboration between the two agencies, they said on Wednesday. The MOU is intended to support " lawful innovation, uphold market integrity, and ensure investor and customer protection," as the two agencies seek to align regulatory ...
JHVEPhoto The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission entered into a memorandum of understanding to guide coordination and collaboration between the two agencies, they said on Wednesday. The MOU is intended to support " lawful innovation, uphold market integrity, and ensure investor and customer protection," as the two agencies seek to align regulatory definitions, coordinate oversight, and facilitate data sharing between the two, they said. "For decades, regulatory turf wars, duplicative agency registrations, and different sets of regulations between the SEC and CFTC have stifled innovation and pushed market participants to other jurisdictions," said SEC Chairman Paul S. Atkins. CFTC Chairman Michael S. Selig commented, "This Memorandum of Understanding solidifies the agencies’ commitment to harmonize regulatory frameworks to provide comprehensive and seamless financial market oversight. By working together, we’ll eliminate duplicative, burdensome rules and close gaps in regulation for the benefit of all Americans and usher in a Golden Age of American finance." Along with the MOU, the SEC and CFTC also started a Joint Harmonization Initiative to advance coordinated oversight and promote regulatory clarity in areas of common regulatory interest, they said. One area of friction in the past was disagreement between the two agencies over which one oversaw which parts of crypto asset markets. That has since been clarified by legislation and changes in administration. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More Market News Franklin Electric Doesn't Deserve An Upgrade...Yet AIER's Everyday Price Index Jumps 0.61 Percent In February 2026 Petrobras starts gas injection at Buzios field via huge Seatrium FPSO Senator introduces legislation to regulate prediction markets
Key Points Rush Island Management sold all of its 3,708,130 shares of Sunstone Hotel Investors in the fourth quarter. The quarter-end position value decreased by $34.75 million as a result. The position was previously 2.4% of the fund's AUM as of the prior quarter, indicating a significant shift in allocation. 10 stocks we like better than Sunstone Hotel Investors › On February 17, 2026, Rush Isla...
Key Points Rush Island Management sold all of its 3,708,130 shares of Sunstone Hotel Investors in the fourth quarter. The quarter-end position value decreased by $34.75 million as a result. The position was previously 2.4% of the fund's AUM as of the prior quarter, indicating a significant shift in allocation. 10 stocks we like better than Sunstone Hotel Investors › On February 17, 2026, Rush Island Management reported selling out its entire stake in Sunstone Hotel Investors (NYSE:SHO), unloading 3,708,130 shares worth $34.75 million. What happened According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Rush Island Management sold out its entire position in Sunstone Hotel Investors, amounting to a decrease of 3,708,130 shares. The reported quarter-end value for this holding decreased by $34.75 million. What else to know Top holdings after the filing: NASDAQ: SBAC: $227.78 million (14.2% of AUM) NYSE: ESS: $166.75 million (10.4% of AUM) NYSE: HR: $152.68 million (9.5% of AUM) NYSE: NNN: $151.91 million (9.5% of AUM) NYSE: UDR: $130.81 million (8.2% of AUM) As of Wednesday, shares of Sunstone Hotel Investors were priced at $9.25, down 7% over the past year and well underperforming the S&P 500’s roughly 21% gain in the same period. Company overview Metric Value Price (as of Wednesday) $9.25 Market Capitalization $1.8 billion Revenue (TTM) $960.1 million Net Income (TTM) $24.6 million Company snapshot Sunstone Hotel Investors owns and manages a portfolio of 14 hotels with 7,000 rooms, primarily operated under brands such as Hyatt, Hilton, and Four Seasons. The firm operates as a lodging real estate investment trust (REIT), generating revenue from hotel ownership, asset management, and property repositioning or renovation. It serves business and leisure travelers through nationally recognized hotel brands in major U.S. markets. Sunstone Hotel Investors is a real estate investment trust focused on acquiring, owning, and enhancing upscale ho...
Descartes Systems press release ( DSGX ): FY GAAP EPS of $1.87 beats by $0.03 . Revenue of $728.99M (+12.0% Y/Y) beats by $4.54M . More on The Descartes Systems Group Inc. Historical earnings data for The Descartes Systems Group Inc. Financial information for The Descartes Systems Group Inc.
Descartes Systems press release ( DSGX ): FY GAAP EPS of $1.87 beats by $0.03 . Revenue of $728.99M (+12.0% Y/Y) beats by $4.54M . More on The Descartes Systems Group Inc. Historical earnings data for The Descartes Systems Group Inc. Financial information for The Descartes Systems Group Inc.
MISSISSAUGA, Ontario, March 11, 2026 (GLOBE NEWSWIRE) -- “In 2025, Bird successfully navigated near‑term revenue timing shifts while continuing to progress margins and strengthen the business. Strong demand across our key strategic sectors drove record combined backlog with accretive embedded margins, providing historic levels of forward visibility into revenue and earnings growth. Through discipl...
MISSISSAUGA, Ontario, March 11, 2026 (GLOBE NEWSWIRE) -- “In 2025, Bird successfully navigated near‑term revenue timing shifts while continuing to progress margins and strengthen the business. Strong demand across our key strategic sectors drove record combined backlog with accretive embedded margins, providing historic levels of forward visibility into revenue and earnings growth. Through disciplined project selection, expanded self‑perform capabilities from the acquisition of Fraser River Pile & Dredge, and major project awards, we further strengthened our platform and broadened our participation across industrial, maintenance, buildings, and infrastructure markets,” stated Teri McKibbon, President and CEO of Bird Construction. “Bird remains strongly positioned for Canada’s long‑duration nation‑building investment cycle, including large‑scale capital investment energy projects such as LNG and nuclear, as well as infrastructure renewal across defence, healthcare, transportation and trade. With record liquidity and a strong balance sheet, Bird enters 2026 with flexibility, visibility, and momentum."
NORWOOD, Mass., March 11, 2026 (GLOBE NEWSWIRE) -- MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial results for the fourth quarter and year ended December 31, 2025. Despite continued pricing pressure across many cannabis markets, the Company generated revenue growth and p...
NORWOOD, Mass., March 11, 2026 (GLOBE NEWSWIRE) -- MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial results for the fourth quarter and year ended December 31, 2025. Despite continued pricing pressure across many cannabis markets, the Company generated revenue growth and positive Adjusted EBITDA for the sixth consecutive year, reflecting the strength of its branded product portfolio and disciplined operational execution. 2025 Highlights Revenue of $159.8 million Sixth consecutive year of positive Adjusted EBITDA Wholesale revenue increased 11% Distribution expanded to 85% of dispensaries in core markets Betty’s Eddies ranked #1 edible across four states Completed restructuring of Series B obligation, extending maturity 4.6 years MariMed CEO Jon Levine commented, “We’re pleased to report record revenues as well as positive adjusted EBITDA for the sixth consecutive year. Wholesale continued to be a growth engine for the Company in 2025, increasing sales by 11 percent and expanding our distribution footprint to 85 percent of the dispensaries in our core markets. Our brands continue to resonate with our customers, led by Betty’s Eddies™ fruit chews, which ranked as the top-selling edible across Massachusetts, Maryland, Delaware and Illinois, and Vibations™ drink mix, which ranked fourth among cannabis beverages of any kind sold across those states.” “Looking ahead to 2026, we have a number of drivers to fuel our growth. These include: a full year of financial contribution following the launch of adult-use cannabis sales in Delaware last August and the launch of our brand distribution in Maine through a new licensing partner during the fourth quarter of 2025; and revenue generated by the new Columbus, Ohio, dispensary we intend to open during the year.” MariMed CFO Mario Pinho added, ”MariMed was pleased to report revenue growth, protected margin...
BSR REIT press release ( BSRTF ): Q4 FFO per unit of $0.14. Revenue of $33.96M (-19.5% Y/Y) misses by $0.94M . More on BSR Real Estate Investment Trust BSR REIT: An Ambitious 2026-2028 FFO Growth Plan Historical earnings data for BSR Real Estate Investment Trust Dividend scorecard for BSR Real Estate Investment Trust Financial information for BSR Real Estate Investment Trust
BSR REIT press release ( BSRTF ): Q4 FFO per unit of $0.14. Revenue of $33.96M (-19.5% Y/Y) misses by $0.94M . More on BSR Real Estate Investment Trust BSR REIT: An Ambitious 2026-2028 FFO Growth Plan Historical earnings data for BSR Real Estate Investment Trust Dividend scorecard for BSR Real Estate Investment Trust Financial information for BSR Real Estate Investment Trust