Cochliomyia hominivorax, the New World screw-worm fly, or screw-worm for short, is a species of parasitic fly that is well known for the way in which its larvae (maggots) eat the living tissue. Lidya Elfa Sari | Istock | Getty Images A New World screwworm has been detected in a bovine located in Zavala County, Texas, the U.S. Department of Agriculture's Animal and Plant Health Inspection Service s...
Cochliomyia hominivorax, the New World screw-worm fly, or screw-worm for short, is a species of parasitic fly that is well known for the way in which its larvae (maggots) eat the living tissue. Lidya Elfa Sari | Istock | Getty Images A New World screwworm has been detected in a bovine located in Zavala County, Texas, the U.S. Department of Agriculture's Animal and Plant Health Inspection Service said. A three-week-old calf was affected, with larvae were identified in its umbilical area, according to a press statement on Wednesday, adding that there are no further detections to date. "USDA invested heavily in the tools needed to eliminate NWS ever since cases started increasing in Central America and Mexico. The United States has defeated this pest before, and we will do it again," USDA said. USDA and Texas officials are working to contain and eradicate NWS from the country, including the establishment of a 20 km infested zone around the detection and enforcing quarantines, movement controls and surveillance in the area. New World screwworm, which burrows into the flesh of living animals, is a pest that can affect livestock and cause economic losses in the agricultural sector. —CNBC's Ryan Ruggiero contributed to this article Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Earnings Call Insights: IDT Corporation (IDT) Q3 FY 2026 Management view CEO Samuel Jonas said, "Consolidated revenue grew 5% to $315.7 million" and highlighted profitability expansion: "Gross profit grew 9% to $122.5 million, with gross margin expanding by 170 points to 38.8%, a record quarterly high." He added, "Based on our year-to-date performance and forward visibility, we are raising our ful...
Earnings Call Insights: IDT Corporation (IDT) Q3 FY 2026 Management view CEO Samuel Jonas said, "Consolidated revenue grew 5% to $315.7 million" and highlighted profitability expansion: "Gross profit grew 9% to $122.5 million, with gross margin expanding by 170 points to 38.8%, a record quarterly high." He added, "Based on our year-to-date performance and forward visibility, we are raising our full year FY '26 adjusted EBITDA guidance to $150 million to $152 million." Jonas emphasized NRS scale and monetization metrics: "NRS recurring revenue grew 22% year-over-year" and "The terminal network now stands at over 39,000 active POS terminals and payment processing accounts are also above 29,000, up 14% year-over-year," adding "NRS Rule of 40 score was 50 in the quarter." Jonas announced an acquisition: "After the quarter closed, we acquired a controlling stake in OnCore Digital, a digital media brokerage," saying it "will be integrated with NRS' screen network and first-party transaction data to create a more competitive retail offering." On FinTech momentum tied to the remittance-tax-driven channel shift, Jonas said, "Our digital channel revenue growth rate accelerated in the third quarter compared to the second quarter," and cited activity: "Digital transactions grew 20% year-over-year and digital send volume... grew 40%." On net2phone, Jonas reported, "Subscription revenue up 12% and total revenue up 11%," with "Gross margins expanded 130 basis points to 80.6%" and "income from operations was up 76%," adding, "We are gaining traction with our AI offerings and expect them to become accretive growth drivers in fiscal year 2027." CFO Marcelo Fischer said, "Gross profit increased 9% to $122.5 million, and our gross profit margin expanded 170 basis points to 38.8%," and framed mix shift: "Our 3 growth segments contributed $107 million of revenue in the quarter, about 34% of our consolidated total, up from 30% a year ago." Outlook Management raised consolidated adjusted E...
In the lead-up to its June 2026 Worldwide Developers Conference, Apple signaled a major overhaul of Siri using Google’s Gemini AI models and previewed native bill‑splitting tools that scan receipts, deepening integration of artificial intelligence and payments into iOS. This push to embed advanced AI assistants and financial features directly into the operating system underscores how Apple is incr...
In the lead-up to its June 2026 Worldwide Developers Conference, Apple signaled a major overhaul of Siri using Google’s Gemini AI models and previewed native bill‑splitting tools that scan receipts, deepening integration of artificial intelligence and payments into iOS. This push to embed advanced AI assistants and financial features directly into the operating system underscores how Apple is increasingly consolidating everyday digital tasks inside its ecosystem, with meaningful competitive...
Micron Technology (NasdaqGS:MU) is restructuring customer agreements with new long-term contracts tied to multi-year supply commitments. The company is responding to historic AI-driven demand and tight industry-wide supply for high-bandwidth memory. These contracts aim to create more predictable supply arrangements during a period of memory shortages. Micron Technology is entering this shift follo...
Micron Technology (NasdaqGS:MU) is restructuring customer agreements with new long-term contracts tied to multi-year supply commitments. The company is responding to historic AI-driven demand and tight industry-wide supply for high-bandwidth memory. These contracts aim to create more predictable supply arrangements during a period of memory shortages. Micron Technology is entering this shift following strong recent stock performance, with NasdaqGS:MU at a current share price of $1,079.57...
The numbers coming out of big tech this year are hard to fathom. Amazon plans to spend about $200 billion on capital expenditures in 2026. Microsoft now expects roughly $190 billion. Alphabet has guided to as much as $190 billion, and Meta Platforms recently raised its range to $125 billion to $145 billion. Together, the four are on track to spend more than $700 billion in a single year, the vast ...
The numbers coming out of big tech this year are hard to fathom. Amazon plans to spend about $200 billion on capital expenditures in 2026. Microsoft now expects roughly $190 billion. Alphabet has guided to as much as $190 billion, and Meta Platforms recently raised its range to $125 billion to $145 billion. Together, the four are on track to spend more than $700 billion in a single year, the vast majority of it on the data centers and chips behind artificial intelligence (AI) . The bills have grown so large that even these cash-rich companies are now leaning on debt and equity markets to help fund them. All that computing power has to be plugged in somewhere. And that is where a quieter set of beneficiaries comes in: the electric utilities that generate and deliver the electricity these data centers consume. One of the most exposed is American Electric Power (NASDAQ: AEP) , which operates the largest electricity transmission network in the U.S. Image source: Getty Images. Continue reading