Primax Electronics has announced a next generation AI conference solution platform powered by Qualcomm's Dragonwing Edge AI processors. The system focuses on AI driven audio and video collaboration for hybrid meeting rooms and enterprise workplaces. The announcement highlights Qualcomm's push into smart workplace infrastructure beyond smartphones, PCs and data center products. QUALCOMM (NasdaqGS:Q...
Primax Electronics has announced a next generation AI conference solution platform powered by Qualcomm's Dragonwing Edge AI processors. The system focuses on AI driven audio and video collaboration for hybrid meeting rooms and enterprise workplaces. The announcement highlights Qualcomm's push into smart workplace infrastructure beyond smartphones, PCs and data center products. QUALCOMM (NasdaqGS:QCOM) is drawing attention as partners start to apply its Edge AI technology in real world...
Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Watch Odd Lots on YouTube Subscribe to the newsletter Prediction markets that enable you to bet on pretty much everything are everywhere nowadays. But there's still a big question over whether they can expand to include larger institutional investors like hedge funds. Part of the problem is that a lot of prediction market contracts...
Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Watch Odd Lots on YouTube Subscribe to the newsletter Prediction markets that enable you to bet on pretty much everything are everywhere nowadays. But there's still a big question over whether they can expand to include larger institutional investors like hedge funds. Part of the problem is that a lot of prediction market contracts are illiquid and trading volumes can sometimes be shallow. That's where trading firm Susquehanna International Group comes in. In this episode, recorded live at New York's City Winery, we talk to Jeremy Maletz, Susquehanna's head of macro trading and prediction markets, about the firm's market-making business with Kalshi. We talk about how big investors could use prediction markets, what Susquehanna is seeing in terms of flows, how a market-maker hedges risk on these contracts, and how it makes money from them.
After critics and authors picked their top 100 novels we asked for your favourites. From Uruguay to the Isle of Skye, more than 3,000 readers cast their votes. Here’s your list – topped by a new number 1 • Read about your choices here *** 100 Continue reading...
After critics and authors picked their top 100 novels we asked for your favourites. From Uruguay to the Isle of Skye, more than 3,000 readers cast their votes. Here’s your list – topped by a new number 1 • Read about your choices here *** 100 Continue reading...
The People’s Liberation Army said on Friday that it had tracked and monitored a Dutch warship during its passage through the Taiwan Strait, days after using electronic interference during a confrontation with the same vessel in the South China Sea. The PLA’s Eastern Theatre Command said on social media that in less than two weeks, the shipborne helicopter of the Dutch frigate De Ruyter had “illega...
The People’s Liberation Army said on Friday that it had tracked and monitored a Dutch warship during its passage through the Taiwan Strait, days after using electronic interference during a confrontation with the same vessel in the South China Sea. The PLA’s Eastern Theatre Command said on social media that in less than two weeks, the shipborne helicopter of the Dutch frigate De Ruyter had “illegally intruded into the airspace over China’s Xisha [the Chinese name for the Paracel Islands] and...
As China’s most important national examination, known as gaokao, looms, many students are flocking to hospitals to inhale oxygen in the belief that doing so will “recharge” their brains. Gaokao refers to the country’s national university entrance exam which takes place between June 6 and 8 every year. Many people believe it can make or break a young person’s future since scores in the test will la...
As China’s most important national examination, known as gaokao, looms, many students are flocking to hospitals to inhale oxygen in the belief that doing so will “recharge” their brains. Gaokao refers to the country’s national university entrance exam which takes place between June 6 and 8 every year. Many people believe it can make or break a young person’s future since scores in the test will largely determine in which university and what major a student can study. In the past few years,...
This word for outdoing or outshining others originated in the manosphere, but is now thoroughly mainstream. Why is it so popular – and should we be worried about slang that arises from toxic subcultures? Until recently, if someone had said “mog” to me, I probably would have assumed they were talking about the children’s book cat created by the late great Judith Kerr. If asked about “mogging” or be...
This word for outdoing or outshining others originated in the manosphere, but is now thoroughly mainstream. Why is it so popular – and should we be worried about slang that arises from toxic subcultures? Until recently, if someone had said “mog” to me, I probably would have assumed they were talking about the children’s book cat created by the late great Judith Kerr. If asked about “mogging” or being “mogged,” I would have been completely baffled. But for many members of gen Z and gen Alpha (or anyone who is just a bit too online), the slang term, which means to outdo or outshine others, is everywhere. Mogging’s origins are in the manosphere , where it began as a verb derived from the acronym “Amog” (alpha male of the group). In misogynistic forums in the 2010s, to “mog” came to mean to outdo someone in terms of sexual desirability. Mogging has been adopted by “ looksmaxxing ” influencers such as Braden Peters, known online as Clavicular, who encourage men to try to alter their looks – sometimes in extreme ways – to increase their “sexual market value”. Such an influencer might talk of “frame mogging” another person in a photo or video – a variation on mogging that specifically refers to being more muscular. Continue reading...
Conditions that led to bloody prewar protests have been made worse, commentators say Iran is already preparing for the perilous transition from wartime unity to a fractious peace marked by hyperinflation, a 10% contraction in the economy, power cuts and calls for a triumphalist government to end its unprecedented hunting down of dissent. With peace not yet secured, the debates within the regime ab...
Conditions that led to bloody prewar protests have been made worse, commentators say Iran is already preparing for the perilous transition from wartime unity to a fractious peace marked by hyperinflation, a 10% contraction in the economy, power cuts and calls for a triumphalist government to end its unprecedented hunting down of dissent. With peace not yet secured, the debates within the regime about Iran’s future are only just starting to emerge but its rulers are clearly thinking about how after surviving the war, they can survive the peace. Continue reading...
Prediction markets that enable you to bet on pretty much everything are everywhere nowadays. But there’s still a big question over whether they can expand to include larger institutional investors like hedge funds. Part of the problem is that a lot of prediction market contracts are illiquid and trading volumes can sometimes be shallow. That’s where trading firm Susquehanna International Group com...
Prediction markets that enable you to bet on pretty much everything are everywhere nowadays. But there’s still a big question over whether they can expand to include larger institutional investors like hedge funds. Part of the problem is that a lot of prediction market contracts are illiquid and trading volumes can sometimes be shallow. That’s where trading firm Susquehanna International Group comes in. In this episode, recorded live at New York’s City Winery, we talk to Jeremy Maletz, Susquehan
designer491/iStock via Getty Images May saw a return to more pronounced moves in global government bond markets, with most 10-year benchmark yields declining by double-digit basis points amid evolving growth and inflation expectations. Italy’s 10-year government bond yield recorded the largest move of the month, dropping by more than 22 basis points to 3.64%. Economic data – including PMIs from S&...
designer491/iStock via Getty Images May saw a return to more pronounced moves in global government bond markets, with most 10-year benchmark yields declining by double-digit basis points amid evolving growth and inflation expectations. Italy’s 10-year government bond yield recorded the largest move of the month, dropping by more than 22 basis points to 3.64%. Economic data – including PMIs from S&P Global for Italian manufacturing and services - pointed to resilient activity. Furthermore, revised ISTAT figures showed growth of 0.3% in the first quarter, matching the Q4 2025 figure. Following closely its Italian equivalent, the Greek 10-year bond yield fell by nearly 22 basis points to 3.48%. The S&P Global Manufacturing PMI for Greece climbed to 53.3 in May, rebounding from a seven-month low of 52.4 in April. Across the euro area, 10-year benchmark yields moved lower throughout May, with those for Germany finishing the month 10 basis points lower at 2.93%. Data from Destatis showed GDP growth of 0.3% in Q1 2026, in sharp contrast to a decline of 0.3% in Q4 2025. Business activity fell for a second straight month across the services sector; manufacturing stalled, as uncertainty and soaring costs associated with the war in the Middle East acted as headwinds to demand. The European Commission's Spring Forecast lowered growth expectations and raised inflation projections across several member states, highlighting the continued challenges facing policymakers. Market participants and economists anticipate a rate hike at June’s monetary policy meeting, although some policymakers, like ECB Governing Council member Peter Kažimír, have emphasized there’s no fixed path and policy will be data dependent. Roderick Joniaux, Head of European Government Bonds and Supranational Products at Tradeweb, said, "Some of the volatility markets experienced earlier in the year returned in May. There remains considerable uncertainty across global markets, with geopolitical developments contin...
FabrikaCr/iStock via Getty Images Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company [BDC] sector from both the bottom-up, highlighting individual news and events, as well as the top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to b...
FabrikaCr/iStock via Getty Images Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company [BDC] sector from both the bottom-up, highlighting individual news and events, as well as the top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the last week of May. Market Action BDCs outperformed all other income sectors this week as all but two stocks in our coverage rallied. The rally lifted historic underperformers PSEC, TCPC, and HRZN. Systematic Income The median valuation remains depressed and has only been convincingly lower during recessionary periods. Systematic Income Market Themes One clear dynamic that has emerged by looking at BDC holdings in our Income Portfolios is that relative valuations of a number of holdings have improved significantly over the holding period. This is true of BCSF, BBDC, GBDC, FDUS, NCDL, MSDL, and CGBD to a lesser degree. In one sense, this is good since you’d rather the market validate your thesis than capitulate to the market’s thesis (though this is sometimes required as well if the market turns out to be correct). It’s also good in the sense of generating outperformance, which all but masochists can admit is nice. However, there is also a downside to having your positions outperform the sector. One downside is that the yield on offer by the investment is now much less appealing, in both absolute terms and relative to the sector. Some investors like to talk about yield-on-cost, which wouldn’t change over a period of outperformance; however, this is a meaningless metric that confuses capital gains with yield today. If your yield-on-cost is above today’s yield, all that’s happened is your investment now has a lower yield going forward than when you bought it because it has ap...
matejmo/iStock via Getty Images Arteris ( AIP ) is one of the companies in the semiconductor industry I have been following. Business-wise, the company does not manufacture chips, but supplies an important piece of technology design that helps orchestrate and route data movement among components within a chip, which is the so-called Network-on-Chip (NoC) interconnect intellectual property (IP). Th...
matejmo/iStock via Getty Images Arteris ( AIP ) is one of the companies in the semiconductor industry I have been following. Business-wise, the company does not manufacture chips, but supplies an important piece of technology design that helps orchestrate and route data movement among components within a chip, which is the so-called Network-on-Chip (NoC) interconnect intellectual property (IP). This is a uniquely interesting positioning in the semiconductor value chain, in my view, since it allows AIP to benefit from the overall AI trends without competing directly with the hyperscalers or large chip makers. To generate revenues, AIP would then license its offering to semiconductor manufacturing players like Renesas or AMD, which then use the technology design to manage the data flow within the SoCs (Systems-on-Chip) in their chip-making process. As such, AIP’s main revenue stream comes from the licensing, support, and maintenance activities, with small contributions from production royalties and professional services. Since its 2021 IPO, share price has generally been volatile. Despite reaching around $26 per share that year, it would then plunge to under $10 for the next two years. Since last year, however, AIP has shown some upward momentum, with the stock continuing to test new highs. Still trading around $7.7 in June last year, AIP is today trading close to $37 per share, representing an almost 5x increase in share price. In a similar fashion, AIP has rallied to drive an almost 136% return YTD. I initiate my coverage with a buy rating. My 1-year price target of $41 presents over 11.2% upside from the current price of around $37 per share. Financial Reviews As of the latest quarterly release in Q1 2026, it appears that fundamentals have improved noticeably. In particular, top-line growth has been solid as of Q1 and the management also announced an upward revision on its FY 2026 revenue guidance , expecting revenue to come in at between $91 million and $95 millio...
The past eight months have admittedly been a tough pill for Bitcoin (CRYPTO: BTC) investors to swallow. The world's most popular cryptocurrency is down 47% over that period and recently dropped below $70,000. Bitcoin ETF outflows are accelerating, and even Michael Saylor -- arguably the biggest Bitcoin bull on the planet -- has started to sell some of his Bitcoin. Despite all that, I'm buying Bitc...
The past eight months have admittedly been a tough pill for Bitcoin (CRYPTO: BTC) investors to swallow. The world's most popular cryptocurrency is down 47% over that period and recently dropped below $70,000. Bitcoin ETF outflows are accelerating, and even Michael Saylor -- arguably the biggest Bitcoin bull on the planet -- has started to sell some of his Bitcoin. Despite all that, I'm buying Bitcoin right now. I'm not expecting Bitcoin to recover immediately, but when it does -- as I think it inevitably will -- it's going to be a coiled spring ready to bounce higher. In the crypto market, it's still "Bitcoin season." That means it's time to load up on Bitcoin and wait for the broader crypto market to recover. Later, once Bitcoin has ignited a broader crypto recovery, it becomes " altcoin season ." That's the time to rotate into riskier altcoins . Continue reading
John Blottman/iStock via Getty Images Firefly ( FLY ) stock has dropped from ~$48 per share after its recent follow-on offering to ~$36 today, with some uncertainty surrounding the sector due to the SpaceX IPO. To me, that drop now offers a discount to the fair value of FLY, leading me to rate the stock a BUY with a 12-month price target of $53. Firefly doesn't seem to just be a discounted rocket ...
John Blottman/iStock via Getty Images Firefly ( FLY ) stock has dropped from ~$48 per share after its recent follow-on offering to ~$36 today, with some uncertainty surrounding the sector due to the SpaceX IPO. To me, that drop now offers a discount to the fair value of FLY, leading me to rate the stock a BUY with a 12-month price target of $53. Firefly doesn't seem to just be a discounted rocket company, with the market appearing to be valuing the company purely as a launch vehicle play despite differentiated offerings. With the purchase of SciTec, Firefly adds AI-enabled defense software to an existing platform that already includes launch vehicles, lunar landers, and in-orbit vehicles. This could play a large role in overall revenue, especially with the addition of a Space Force OTA agreement tied to the Golden Dome architecture. Compared to other space companies, Firefly represents a different level of risk with diversification into other markets. Where Firefly is Today Firefly became publicly traded in August of 2025 in what was one of the biggest space IPOs ever. Under CEO Jason Kim, Firefly has been moving quickly, marking accomplishments such as the first successful commercial moon landing in March 2025, the launch of its Alpha Flight 7 spacecraft in Q1 2026, and now, the close of the SciTec deal for ~$855 million. As of Q1 2026, Firefly’s business is divided into three separate segments: launch, spacecraft, and defense. This segmentation is important because revenue generated from a pure-play launch business model would typically have a very irregular and unpredictable income stream, depending on successful missions. The addition of the recurring government software and services income stream provided by the SciTec segment offers Firefly additional stability not all other competitors can offer. Firefly's platform (FLY) The Revenue Ramp is Real The most important goal Firefly had to reach in 2026 was that the backlog could be converted to revenue. Q1 results...
The SpaceX initial public offering (IPO) could come as soon as June 12. With the company looking to raise $75 billion at around a $1.8 trillion valuation, SpaceX will be the largest IPO in history. SpaceX will heavily disrupt markets through the capital it raises as well as at the index level through eventual inclusion in the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq-100 , the latter of which consists ...
The SpaceX initial public offering (IPO) could come as soon as June 12. With the company looking to raise $75 billion at around a $1.8 trillion valuation, SpaceX will be the largest IPO in history. SpaceX will heavily disrupt markets through the capital it raises as well as at the index level through eventual inclusion in the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq-100 , the latter of which consists of the 100 largest non-financial companies by market cap listed on the Nasdaq exchange. But even if SpaceX achieves a $1.8 trillion valuation , it wouldn't crack the top three holdings in S&P 500 index funds or even growth-focused exchange-traded funds (ETFs) such as the Vanguard Growth ETF or Vanguard Meta Cap Growth ETF , as Nvidia , Alphabet , Apple , Microsoft , Amazon , and Broadcom are all worth more . Continue reading
U.S. EV sales fell 27% in Q1 2026 after federal tax credits ended, creating diverging outlooks for Rivian, Lucid, and Tesla amid continued global EV growth.
U.S. EV sales fell 27% in Q1 2026 after federal tax credits ended, creating diverging outlooks for Rivian, Lucid, and Tesla amid continued global EV growth.