Rocket Lab (NASDAQ: RKLB) is understandably getting a lot of attention from investors these days. The company is making big moves in the rocket-launch space and has recently made an important acquisition that could establish it as a key player in the satellite market. It's also on many people's radars, considering that it's increasingly becoming a competitor to Space Exploration Technologies . Roc...
Rocket Lab (NASDAQ: RKLB) is understandably getting a lot of attention from investors these days. The company is making big moves in the rocket-launch space and has recently made an important acquisition that could establish it as a key player in the satellite market. It's also on many people's radars, considering that it's increasingly becoming a competitor to Space Exploration Technologies . Rocket Lab shares are up 118% over the past year, and while its share price has been volatile, there are some reasons why owning Rocket Lab stock could be a good long-term bet. Here's why. Image source: Getty Images. Continue reading
Meta Platforms Inc. needs all the computing power it can get, Chief Executive Officer Mark Zuckerberg said, but in a market starved for resources necessary to run and develop artificial intelligence products he’s also considering whether some of Meta’s AI infrastructure could be more valuable if rented to outsiders. “The offers that you get for using the compute are so high that it may make sense,...
Meta Platforms Inc. needs all the computing power it can get, Chief Executive Officer Mark Zuckerberg said, but in a market starved for resources necessary to run and develop artificial intelligence products he’s also considering whether some of Meta’s AI infrastructure could be more valuable if rented to outsiders. “The offers that you get for using the compute are so high that it may make sense, in some cases, to rent out or consider those kind of deals instead of your own internal uses,” Zuckerberg said in an exclusive interview with Bloomberg. Meta is developing plans for a cloud business, Bloomberg reported earlier this month — a chance to drive direct revenue from the company’s suite of data centers and other computing power partnerships. Zuckerberg said the potential for a cloud business is “certainly there any time we want to build it.” That doesn’t mean Meta has already overbuilt, or has excess computing power available, Zuckerberg said. “I don’t know anyone in the industry who feels like they have too much compute,” he said. Meta is currently using all the computing power in its arsenal, he added. Read More: Zuckerberg Sets ‘Aggressive’ Price With Meta’s Pay-to-Use AI Meta’s stock has climbed since Bloomberg’s report last week that it is considering multiple kinds of cloud businesses. One option under consideration includes selling access to various AI models hosted on Meta’s existing AI infrastructure, akin to AWS’s Bedrock offering. Meta would run the data centers and chips that power the models, including its own Muse Spark models, and charge developers to access them. Zuckerberg didn’t confirm that Meta was exploring selling access to competitors’ models hosted on its own servers, but said, “I think that’s certainly a thing that we could do and that I think would make sense to consider.” The company is also developing plans to sell access to “raw” computing capacity, akin to other so-called neocloud businesses like CoreWeave Inc., Bloomberg reported. “...
The New Zealand dollar advanced Thursday to the highest in more than two weeks after strong manufacturing data increased bets on further monetary tightening in the nation. The so-called kiwi rose more than 1% to the day’s high of 0.5763 against the US dollar and also strengthened relative to the Australian dollar, its major peer. Last month, New Zealand manufacturing grew at its fastest pace in al...
The New Zealand dollar advanced Thursday to the highest in more than two weeks after strong manufacturing data increased bets on further monetary tightening in the nation. The so-called kiwi rose more than 1% to the day’s high of 0.5763 against the US dollar and also strengthened relative to the Australian dollar, its major peer. Last month, New Zealand manufacturing grew at its fastest pace in almost five years. Meanwhile, Reserve Bank of New Zealand Governor Anna Breman said that the economy is expanding stronger than expected as the central bank raised rates this week. “The hawkish pivot from the RBNZ has given good support to the kiwi,” said Andrew Hazlett , a foreign-exchange trader at Monex Inc. “If further hikes materialize, then we would expect further strengthening towards end of the year.” The kiwi has been rallying for a second session and is headed for its best day since late May. Earlier this week, New Zealand’s central bank raised its key interest rate for the first time in three years and signaled potential for more hikes to come. The kiwi, which is sensitive to oil prices and risk sentiment, took a hit after the US-Iran war sparked a rally in energy prices. Swaps traders are currently pricing nearly two additional, quarter-point rate hikes from the RBNZ through December. The yield on New Zealand’s policy-sensitive two-year debt, meanwhile, has risen about 20 basis points this month and now trades at 3.50%, the highest in a month. The geopolitical environment is still highly uncertain but the domestic economy has shown a lot of resilience in the past few months despite the fuel shock, RBNZ’s Breman said in an interview with local radio. Kiwi’s strength will last for some weeks as market positioning is too negative, according to Erik Nelson , a strategist at Wells Fargo. Hedge funds have been short the currency since December. TJM FX managing director Neil Jones recommends traders buy the New Zealand dollar versus its Australian peer in the options mar...
Justin Paget AES Corp. ( AES ) edged higher by 0.9% after the staff of the Ohio Public Utilities Commission recommended in favor of the company's planned sale to a consortium led by BlackRock's ( BLK ) Global Infrastructure Partners and EQT Infrastructure. "Staff believe that the proposed transaction of the Joint Applicants is not unreasonable and should not adversely impact Ohio customers," the O...
Justin Paget AES Corp. ( AES ) edged higher by 0.9% after the staff of the Ohio Public Utilities Commission recommended in favor of the company's planned sale to a consortium led by BlackRock's ( BLK ) Global Infrastructure Partners and EQT Infrastructure. "Staff believe that the proposed transaction of the Joint Applicants is not unreasonable and should not adversely impact Ohio customers," the OHIO PUC wrote in a filing on Thursday. "Customers should receive uninterrupted and adequate service as the current management and technical personnel will not change with the transaction." AES ( AES ) in March agreed to be acquired by a consortium led by BlackRock's ( BLK ) Global Infrastructure Partners and EQT Infrastructure, along with co-underwriters California Public Employees Retirement System and Qatar Investment Authority, for $15/share in cash, representing a total equity value of $10.7B and an enterprise value of ~$33.4B including debt. AES has said the transaction is expected to close in late 2026 or early 2027. More on AES AES: What The $10.7 Billion Buyout Means For Shareholders AES prices $1B senior notes across 2029 and 2033 maturities AI power surge sparks political revolt against utility profits Seeking Alpha’s Quant Rating on AES Historical earnings data for AES
Allstate (NYSE:ALL) and Progressive (NYSE:PGR) just delivered Q1 2026 reports that inverted the recent pattern. Allstate’s underwriting engine rebounded sharply after last year’s California wildfire hit, while Progressive kept growing policies but couldn’t nudge its combined ratio lower. The valuation gap between the two now looks stretched, and the businesses behind the tickers are pulling ... Al...
Allstate (NYSE:ALL) and Progressive (NYSE:PGR) just delivered Q1 2026 reports that inverted the recent pattern. Allstate’s underwriting engine rebounded sharply after last year’s California wildfire hit, while Progressive kept growing policies but couldn’t nudge its combined ratio lower. The valuation gap between the two now looks stretched, and the businesses behind the tickers are pulling ... Allstate Vs. Progressive: Buy Allstate’s Deep-Value Multiple Not Progressive’s Premium Run
Businessman stands trial over death of Maltese journalist killed by bomb in her car after she reported on corruption Moments before the explosion that killed her, the journalist Daphne Caruana Galizia screamed in panic, a witness has told the trial of the man accused of ordering her murder . Caruana Galizia was killed in 2017 by a remotely detonated bomb placed under the driver’s seat of her car, ...
Businessman stands trial over death of Maltese journalist killed by bomb in her car after she reported on corruption Moments before the explosion that killed her, the journalist Daphne Caruana Galizia screamed in panic, a witness has told the trial of the man accused of ordering her murder . Caruana Galizia was killed in 2017 by a remotely detonated bomb placed under the driver’s seat of her car, after a series of reports on political and financial corruption in Malta. The government’s handling of the investigation led to mass protests and ultimately to the resignation of the Maltese prime minister, Joseph Muscat. Continue reading...
I have covered AMD twice this July. First, Goldman Sachs raised its price target to $640 from $450 on July 5. And before that, when Wells Fargo made the same fundamental argument at the start of the month. Both times, the central thesis was the same: The server CPU story is being ...
I have covered AMD twice this July. First, Goldman Sachs raised its price target to $640 from $450 on July 5. And before that, when Wells Fargo made the same fundamental argument at the start of the month. Both times, the central thesis was the same: The server CPU story is being ...
Vanguard S&P 500 Growth ETF (NYSEMKT:VOOG) focuses on the largest growth engines in the U.S. economy, while Vanguard Small-Cap Growth ETF (NYSEMKT:VBK) prioritizes smaller companies with higher theoretical expansion potential. Investors seeking growth exposure often choose between established giants and up-and-coming smaller firms. This matchup compares two low-cost Vanguard funds that approach th...
Vanguard S&P 500 Growth ETF (NYSEMKT:VOOG) focuses on the largest growth engines in the U.S. economy, while Vanguard Small-Cap Growth ETF (NYSEMKT:VBK) prioritizes smaller companies with higher theoretical expansion potential. Investors seeking growth exposure often choose between established giants and up-and-coming smaller firms. This matchup compares two low-cost Vanguard funds that approach the growth factor from opposite ends of the market-capitalization spectrum. One tracks large-cap leaders, while the other captures smaller companies with high growth potential. Both funds are exceptionally affordable compared to the broader ETF universe. While the Vanguard Small-Cap Growth ETF offers a slightly lower expense ratio of 0.05%, the 0.07% cost for the Vanguard S&P 500 Growth ETF is still minimal. Continue reading
SK Hynix is set to begin trading on the U.S. market on Friday adding to the mounting memory hype on Wall Street. The South Korean memory chip maker will list its American depositary receipts on the Nasdaq under the ticker “SKHY.” The ADR listing is highly anticipated with some reports signaling it is more than seven times oversubscribed.
SK Hynix is set to begin trading on the U.S. market on Friday adding to the mounting memory hype on Wall Street. The South Korean memory chip maker will list its American depositary receipts on the Nasdaq under the ticker “SKHY.” The ADR listing is highly anticipated with some reports signaling it is more than seven times oversubscribed.
Inspired by diving birds, roboticists built the lightweight machines to move from water to air. The design may one day lead to robots that can monitor and sample the coastal ocean. (Image credit: Raphael Zufferey)
Inspired by diving birds, roboticists built the lightweight machines to move from water to air. The design may one day lead to robots that can monitor and sample the coastal ocean. (Image credit: Raphael Zufferey)
England winger on his thirst for self-improvement, triumph at the Azteca and the ‘spiritual’ Thomas Tuchel It was a lighthearted moment – despite the language used – and Anthony Gordon saw the funny side. But trust the England winger to find a way to use it as fuel. It is what he does, what he has always done, since his childhood in Liverpool. It has helped him to reach the point where he complete...
England winger on his thirst for self-improvement, triumph at the Azteca and the ‘spiritual’ Thomas Tuchel It was a lighthearted moment – despite the language used – and Anthony Gordon saw the funny side. But trust the England winger to find a way to use it as fuel. It is what he does, what he has always done, since his childhood in Liverpool. It has helped him to reach the point where he completed a £60.7m transfer to Barcelona from Newcastle at the end of May. And it is driving him before Saturday’s World Cup quarter-final against Norway in Miami. Most people have seen the clip. There were 26 minutes on the clock at the Azteca Stadium on Sunday; England goalless against Mexico in the last 16. The Mexico manager, Javier Aguirre, who admits that swearing is second nature to him during matches, was in the mood to show off his English. He called out Gordon’s name and when the player turned around, he had a piece of advice. “Fuck you,” Aguirre shouted, before creasing up with laughter. Gordon did the same. Continue reading...
⚽️ World Cup kick-off: 4pm EDT/9pm BST/6am AEST ⚽️ Player guide | Bracketology | Golden Boot | Mail Scott It’s a rerun of the 2022 semi-final. France were expected to make easy work of Morocco four years ago in Qatar, but the Atlas Lions gave them a good run for their money … … and since then, while France went on to become world champions, Morocco have since become champions of Africa and the six...
⚽️ World Cup kick-off: 4pm EDT/9pm BST/6am AEST ⚽️ Player guide | Bracketology | Golden Boot | Mail Scott It’s a rerun of the 2022 semi-final. France were expected to make easy work of Morocco four years ago in Qatar, but the Atlas Lions gave them a good run for their money … … and since then, while France went on to become world champions, Morocco have since become champions of Africa and the sixth best team in the rankings. They’re the real deal, and while France are once again tipped to emerge victorious this evening, it’s no longer with the assumptions of old. France have ambitions to win this title, but so do Morocco, who in addition are also after revenge. This, then, is set up deliciously. Kick off is at 4pm in Boston (9pm BST/6am AEST). It’s on! Continue reading...
October NY world sugar #11 (SBV26 ) today is up +0.06 (+0.40%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.50 (+0.10%). Sugar prices are modestly higher today. Strength in the Brazilian real (^USDBRL ) is positive for sugar prices, as the real rallied to a 3-week...
October NY world sugar #11 (SBV26 ) today is up +0.06 (+0.40%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.50 (+0.10%). Sugar prices are modestly higher today. Strength in the Brazilian real (^USDBRL ) is positive for sugar prices, as the real rallied to a 3-week...
September ICE NY cocoa (CCU26 ) today is up +335 (+5.54%), and September ICE London cocoa #7 (CAU26 ) is up +239 (+5.329%). Cocoa prices extended their parabolic rally today, with NY cocoa soaring to a 6-month high and London cocoa surging to a 9.25-month high. Cocoa prices are surging...
September ICE NY cocoa (CCU26 ) today is up +335 (+5.54%), and September ICE London cocoa #7 (CAU26 ) is up +239 (+5.329%). Cocoa prices extended their parabolic rally today, with NY cocoa soaring to a 6-month high and London cocoa surging to a 9.25-month high. Cocoa prices are surging...
Getty Images Introduction When I last covered POET Technologies ( POET ), the stock had just re-rated above $14 on the Lumilens announcement , and based on my Strong Sell analysis, my argument was that the market was paying an unfathomable multiple for a customer-replacement deal whose economics didn’t survive contact with basic arithmetic. I want to dive back into the company and see if anything ...
Getty Images Introduction When I last covered POET Technologies ( POET ), the stock had just re-rated above $14 on the Lumilens announcement , and based on my Strong Sell analysis, my argument was that the market was paying an unfathomable multiple for a customer-replacement deal whose economics didn’t survive contact with basic arithmetic. I want to dive back into the company and see if anything that came out in the last month can push for an upgrade, especially as, for the moment, the thesis is playing out in real time as the stock has lost over 30% since I covered it. Current Dynamics The latest AGM was rather confident as management reiterated that the production ramp remains on schedule for H2 of 2026, and it also unveiled a capacity target of up to 1MM optical engine units per month by the end of 2027 and also announced roughly $50MM of capital equipment spending for late 2026. The firm is also planning to add about 50 employees to the current workforce of 115 and pointed to more than 10 active customer engagements it expects to exceed $100MM in future annual revenue. Each of them is a serious matter, as 1MM units per month is hyperscaler-scale capacity and the kind of number Broadcom ( AVGO ) or a top-tier module vendor plans against booked and contracted demand. POET is planning it against $500K of quarterly revenue, one $50MM purchase order from a stealth-mode startup whose entire venture funding is smaller than its own commitment, a $5MM order from an undisclosed technology company, and engagements. This is exactly the inverse of the rest of the industry, as most of the firms that have scaled used built capacity to make the story credible, rather than because customers have contracted for the output. The expansion in employees and the CapEx plan will increase the burn, and that matters tremendously considering that the cash pile is the only thing supporting the valuation at the time being. There is also the possibility of the 10 engagements exceeding $100M...