Hong Kong authorities have confirmed that an unmarried couple arrested on suspicion of child neglect are the biological parents of an undocumented infant, Danny. A police source told the South China Morning Post on Thursday that Tsang Wai-bong and Kwan Pui-sin were the parents of the two-month-old, citing DNA test results. Danny was born to the unmarried couple at home in Hong Kong and was not reg...
Hong Kong authorities have confirmed that an unmarried couple arrested on suspicion of child neglect are the biological parents of an undocumented infant, Danny. A police source told the South China Morning Post on Thursday that Tsang Wai-bong and Kwan Pui-sin were the parents of the two-month-old, citing DNA test results. Danny was born to the unmarried couple at home in Hong Kong and was not registered with the Immigration Department, as his parents declined to submit a DNA test report to...
Earnings Call Insights: ChargePoint (CHPT) Q1 FY2027 Management View "Q1 was a strong start to the fiscal year" and "ChargePoint's Q1 revenue was above the top end of our guidance range" as the company "extend[ed] our return to year-over-year growth to a third consecutive quarter," according to (President, CEO & Director Richard Wilmer). (President, CEO & Director Wilmer) said the company sustaine...
Earnings Call Insights: ChargePoint (CHPT) Q1 FY2027 Management View "Q1 was a strong start to the fiscal year" and "ChargePoint's Q1 revenue was above the top end of our guidance range" as the company "extend[ed] our return to year-over-year growth to a third consecutive quarter," according to (President, CEO & Director Richard Wilmer). (President, CEO & Director Wilmer) said the company sustained profitability levers, stating "Non-GAAP gross margin remained strong at 32%" and adding, "As our new products enter the market in volume later this year, we expect overall gross margins to increase to new record levels." (President, CEO & Director Wilmer) announced a leadership addition: "Jyothi Swaroop has joined ChargePoint as our Chief Marketing and Growth Officer, leading our global go-to-market and growth strategy." (President, CEO & Director Wilmer) highlighted Express Solo as a growth driver, saying "Express Solo delivers up to 600 kilowatts to a single vehicle" and "Early access units are already fully committed." (Chief Financial Officer Mansi Khetani) tied results to business mix and cost controls: "Network charging systems at $53 million accounted for 52% of first quarter revenue" and "Subscription revenue at $41 million was 40% of total revenue," while "Non-GAAP operating expenses came down to $54 million from $58 million in Q4." Outlook (Chief Financial Officer Khetani) guided, "For the second quarter of fiscal 2027, we expect revenue to be $100 million to $110 million representing a 7% year-on-year growth at the midpoint." (Chief Financial Officer Khetani) framed the operating model focus as, "we remain laser-focused on delivering continued revenue growth, improving operating leverage and accelerating our path to profitability." Compared with the prior quarter’s setup, Q1 results came in above the Q4 call’s seasonal Q1 revenue range of $90 million to $100 million, while Q2 guidance moved back to a $100 million to $110 million range. (No EPS guidance was prov...
(RTTNews) - Indian shares traded lower in early trade on Thursday, extending losses from the previous session as continued hostilities between the United States and Iran kept oil prices elevated.
(RTTNews) - Indian shares traded lower in early trade on Thursday, extending losses from the previous session as continued hostilities between the United States and Iran kept oil prices elevated.
AlexSecret Honeywell’s ( HON ) Quantinuum on Wednesday said it has raised $1.68B in its U.S. initial public offering after pricing shares at $60 apiece. Broomfield, Colorado-based Quantinuum sold 28 million shares in the offering. Earlier this week, the company increased the price range to $53-$55 per share and boosted the number of shares on offer to 26.5 million, typically a sign of strong inves...
AlexSecret Honeywell’s ( HON ) Quantinuum on Wednesday said it has raised $1.68B in its U.S. initial public offering after pricing shares at $60 apiece. Broomfield, Colorado-based Quantinuum sold 28 million shares in the offering. Earlier this week, the company increased the price range to $53-$55 per share and boosted the number of shares on offer to 26.5 million, typically a sign of strong investor demand. Quantinuum will begin trading on the Nasdaq on Thursday, under the ticker symbol “QNT.” J.P. Morgan and Morgan Stanley are the lead underwriters of the offering. More on Honeywell International, Quantinuum Inc. Quantinuum: Is This IPO Poised To Make A Quantum Leap? Wall Street Brunch: Schrodinger's IPO Honeywell International Inc. (HON) Presents at Wolfe Research 19th Annual Global Transportation & Industrials Conference Transcript Honeywell Aerospace targets $6.5B in earnings by 2030 Quantum computing stocks tumble ahead of Quantinuum IPO
Fluence Energy (FLNC) is back on investor radar after a sharp share price move triggered by its new three way partnership with Nvidia and Siemens to supply battery storage for AI focused data centers. See our latest analysis for Fluence Energy. The stock’s recent enthusiasm around AI data centers has been volatile, with a 1 day share price return that fell 10.96% after a 30 day share price return ...
Fluence Energy (FLNC) is back on investor radar after a sharp share price move triggered by its new three way partnership with Nvidia and Siemens to supply battery storage for AI focused data centers. See our latest analysis for Fluence Energy. The stock’s recent enthusiasm around AI data centers has been volatile, with a 1 day share price return that fell 10.96% after a 30 day share price return of 101.54%. Its 1 year total shareholder return of 412.37% contrasts with a 3 year total...
To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: Military action is picking up again in Iran, and the effects on prices are spreading. Vanguard now has the world’s first trillion-dollar exchange-traded fund. Tariffs are ba-a-a-ack. The new justification is forced labor . The yen is again through 160 per dollar even though the BOJ sounds hawkish . AND...
To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: Military action is picking up again in Iran, and the effects on prices are spreading. Vanguard now has the world’s first trillion-dollar exchange-traded fund. Tariffs are ba-a-a-ack. The new justification is forced labor . The yen is again through 160 per dollar even though the BOJ sounds hawkish . AND: Some more shy violet songs . VOOmmmmmm! The world has its first-ever trillion-dollar exchange-traded fund: Vanguard’s S&P 500 fund, ticker symbol VOO . Trends in fund management had pointed to this. Vanguard pioneered and now dominates passive investing, the preferred vehicle is the ETF, the economics of such funds improve with scale as costs can be defrayed , and the base of any sensible asset allocation should be a broad exposure to the US. No wonder VOO got to the landmark first. Except this comes as quite a surprise. The late Jack Bogle, Vanguard’s legendary founder, disliked the ETF format , arguing that the ability to trade during the day should be irrelevant for the buy-and-hold investors the company existed to serve. Vanguard resisted offering ETFs until well after they had become established. If there was a most likely candidate to break the trillion-dollar landmark first, it was State Street’s ETF tracking the S&P 500, known as SPY , which evangelized the entire sector. It was launched in 1993, and had already topped $100 billion in assets before VOO was even launched. The Vanguard fund only overhauled SPY’s assets for the first time early last year. But brand and distribution power won out: What of the future? The tale of the race to become the first $100 billion fund is instructive. It pitted Fidelity’s Magellan, an active mutual fund managed for many years by the great Peter Lynch , against Vanguard’s S&P 500 offering, which was basically SPY in mutual fund form. In the 1990s, it was regarded as the proof of concept for the whole discipline of passive investi...
peshkov/iStock via Getty Images By Warren Patterson , Head of Commodities Strategy and Ewa Manthey , Commodities Strategist Energy - US crude inventories continue to decline Re-escalation in the Persian Gulf pushed oil prices higher yesterday, with fresh attacks once again casting doubt over a resumption of energy flows through the Strait of Hormuz. There also appear to be mixed messages about the...
peshkov/iStock via Getty Images By Warren Patterson , Head of Commodities Strategy and Ewa Manthey , Commodities Strategist Energy - US crude inventories continue to decline Re-escalation in the Persian Gulf pushed oil prices higher yesterday, with fresh attacks once again casting doubt over a resumption of energy flows through the Strait of Hormuz. There also appear to be mixed messages about the progress in negotiations between the US and Iran. President Trump says talks are moving in the right direction; Iranian media reports that no tangible progress has been made. News that Israel and Lebanon agreed on a ceasefire could potentially open the door for talks to advance. Iran has been adamant that any ceasefire with the US is dependent on a halt in fighting in Lebanon. Every day that passes without a resumption of oil flows leaves the market increasingly vulnerable. This increases the pressure to strike a deal. Inventories have provided a cushion for the oil market. However, even if we see an imminent restart of oil flows through the Strait of Hormuz, the recovery will be slow and gradual. This suggests inventories are likely to continue to tighten into the third quarter, leaving upside risk to prices. This ties in with comments from Kuwait Petroleum, which said it would take 6-8 weeks to get Kuwaiti output back to 70% of normal levels once the strait reopens. Then, it would take another month for output to return to normal. Weekly inventory numbers from the EIA show that US commercial crude oil inventories fell by 7.97m barrels over the last week. This leaves the total inventory draw over the last month and a half at 32m barrels. While inventories do fall seasonally as refiners ramp up operating rates, the pace of decline has been faster than usual. When taking into consideration releases from the strategic petroleum reserve, total crude inventories fell by 15.97m barrels over the last week. Refined product inventories increased over the week, with gasoline and di...
Meta Platforms won a partial legal victory in the EU as regulators dropped the "gatekeeper" label from its Marketplace service while keeping it on Messenger. The ruling adjusts how EU rules apply to key Meta products, affecting oversight, data use, and potential monetization options. Separately, Meta launched Meta Business Agent globally, offering an AI customer service tool to enterprises and exp...
Meta Platforms won a partial legal victory in the EU as regulators dropped the "gatekeeper" label from its Marketplace service while keeping it on Messenger. The ruling adjusts how EU rules apply to key Meta products, affecting oversight, data use, and potential monetization options. Separately, Meta launched Meta Business Agent globally, offering an AI customer service tool to enterprises and expanding its commercial AI efforts beyond advertising. For investors watching NasdaqGS:META, the...
The nine-metre southern right whale, or tohorā in Māori, is the first of the species to have been recorded entangled in New Zealand waters A whale that became entangled in a large fishing net and was dragging four buoys and 100 metres of rope behind its tail has been cut free after a complex multi-day rescue operation off the southern coast of New Zealand. The nine-metre-long southern right whale,...
The nine-metre southern right whale, or tohorā in Māori, is the first of the species to have been recorded entangled in New Zealand waters A whale that became entangled in a large fishing net and was dragging four buoys and 100 metres of rope behind its tail has been cut free after a complex multi-day rescue operation off the southern coast of New Zealand. The nine-metre-long southern right whale, or tohorā in Māori, was first spotted by fishers on Saturday morning near the country’s southern island, Rakiura. Continue reading...