Instead of just selling chips via traditional cycles, Broadcom (AVGO) is partnering with Apollo, Blackstone, and other investors on alternative financing structures to fund large-scale AI hardware production. This shifts the business from a transactional component supplier into a vertically scaled, long-term silicon partner.
Instead of just selling chips via traditional cycles, Broadcom (AVGO) is partnering with Apollo, Blackstone, and other investors on alternative financing structures to fund large-scale AI hardware production. This shifts the business from a transactional component supplier into a vertically scaled, long-term silicon partner.
Operating system makers take many steps to prevent their wares from accepting commands from remote devices. The safeguards, designed to thwart malicious attacks, typically require hackers to jump through all kinds of hoops to bypass the measures. But what if remote code execution were as simple as being within Bluetooth range of a speaker connected to the targeted device? It turns out it can, at l...
Operating system makers take many steps to prevent their wares from accepting commands from remote devices. The safeguards, designed to thwart malicious attacks, typically require hackers to jump through all kinds of hoops to bypass the measures. But what if remote code execution were as simple as being within Bluetooth range of a speaker connected to the targeted device? It turns out it can, at least when the speaker is a Sound Blaster Katana V2X sold by Singapore-based Creative Technologies. The speaker, which sells for $280 , is widely acclaimed with numerous reviews showering praise on its sound and performance. A PC-pwning proxy Researcher Rasmus Moorats stumbled on the hack by accident, after he purchased a Katana V2X, a soundbar that connects to PCs, Macs, and Linux devices over USB or Bluetooth. Moorats was curious if he could create a Linux tool that communicated with his speaker. He discovered he could do so through CTP, a proprietary mechanism he guesses is short for Creative Transport Protocol. Read full article Comments
Barry sits down with Chris Davis, Chairman and Portfolio Manager at Davis Funds. They discuss his approach to managing risk and the key elements changing the economy. Chris and Barry also discuss Chris's mentors including Charlie Munger, and how he settled into the family business. (Source: Bloomberg)
Barry sits down with Chris Davis, Chairman and Portfolio Manager at Davis Funds. They discuss his approach to managing risk and the key elements changing the economy. Chris and Barry also discuss Chris's mentors including Charlie Munger, and how he settled into the family business. (Source: Bloomberg)
Four Corners Property Trust ( FCPT ) on Friday said it acquired 14 Sun Auto Tire & Service properties for $26.0 million. The properties are located in Missouri, Arkansas and Illinois and are operated under long-term triple-net leases. The real estate investment trust said the transaction was completed at a capitalization rate in line with its previous acquisitions. Source: Press Release More on Fo...
Four Corners Property Trust ( FCPT ) on Friday said it acquired 14 Sun Auto Tire & Service properties for $26.0 million. The properties are located in Missouri, Arkansas and Illinois and are operated under long-term triple-net leases. The real estate investment trust said the transaction was completed at a capitalization rate in line with its previous acquisitions. Source: Press Release More on Four Corners Property Trust Four Corners Property: Buy This Undervalued Net Lease REIT FCPT acquires Gerber Collision property for $3.5M FCPT signals $200M term loan deployment through Q3 as it targets 5.4x run-rate leverage
Rubio Backs Bolivia's Government As Protests Trigger Food, Fuel Shortages Authored by Evgenia Filimianova via The Epoch Times, The United States has pledged additional emergency assistance to Bolivia as protests and road blockades deepen shortages of food, fuel, and medical supplies across the South American country. U.S. Secretary of State Marco Rubio spoke with Bolivian President Rodrigo Paz on ...
Rubio Backs Bolivia's Government As Protests Trigger Food, Fuel Shortages Authored by Evgenia Filimianova via The Epoch Times, The United States has pledged additional emergency assistance to Bolivia as protests and road blockades deepen shortages of food, fuel, and medical supplies across the South American country. U.S. Secretary of State Marco Rubio spoke with Bolivian President Rodrigo Paz on June 4 and discussed efforts to address growing shortages caused by nationwide unrest. “The Secretary noted the United States is ramping up emergency assistance and logistics operations support in Bolivia to help those facing acute food and medical shortages due to illegal roadblocks intended to destabilize Bolivian society,” U.S. State Department spokesperson Tommy Pigott said on June 4. Pigott said Rubio reaffirmed “the United States’ unwavering commitment to support Bolivia’s democracy and the Paz Administration” as the country works through a political and economic crisis. Paz’s government faces mounting pressure from labor unions, peasant groups, miners, and supporters of former Bolivian President Evo Morales, who have staged protests and road blockades across the country. Blockades Disrupt Supplies The unrest began with a workers’ strike in May and later expanded into road blockades that cut off access to the neighboring cities of La Paz and El Alto, which together are home to about 2 million people. Protesters are demanding that the government reverse austerity measures and address rising living costs. Blockades organized by the federation of trade unions representing peasants and miners, the Bolivian Workers’ Central (COB), and other groups have depleted food supplies in La Paz and left hospitals struggling to obtain oxygen. Women wearing traditional dress known as "cholitas" take part in a march calling for the resignation of President Rodrigo Paz, in La Paz, on May 22, 2026. Aizar Raldes / AFP via Getty Images The demonstrations have also exposed broader economic ...
Google parent Alphabet Inc. ’s municipal-bond market debut was met by a surge of investor interest. The tech giant’s first involvement in a prepaid energy deal out of California was announced on Tuesday, and the roughly $1 billion transaction came to market this week, capturing attention as the first deal in the prepaid sector with a major tech company. Prepaid energy deals are complicated transac...
Google parent Alphabet Inc. ’s municipal-bond market debut was met by a surge of investor interest. The tech giant’s first involvement in a prepaid energy deal out of California was announced on Tuesday, and the roughly $1 billion transaction came to market this week, capturing attention as the first deal in the prepaid sector with a major tech company. Prepaid energy deals are complicated transactions that allow utilities to lock in cheaper prices over long periods of time. They involve a financial middleman that receives bond proceeds in exchange for making regular payments needed to procure the energy for the utility. Read more: AI Funding Boom Reaches Muni Market With Google-Tied Deal Pioneer Community Energy, an electricity provider based in Rocklin, California, is the utility involved, while the Alphabet is acting as financial intermediary. The bonds were issued by the California Community Choice Financing Authority and underwritten by Goldman Sachs Group Inc. Investors couldn’t get enough of the sale. The largest slug of bonds priced at a spread of 95 basis points above the benchmark, but the bonds subsequently traded at tighter spreads in the secondary market, a sign of strong demand, Bloomberg data showed Friday. The 2035 maturity saw especially strong interest on Friday, with trades on that CUSIP amounting to $492 million as of the afternoon. Those bonds traded at an average spread of 89 basis points, with some trades as low as 74 basis points. Don Eckert, chief executive officer of Pioneer, said the deal received a “very favorable response” due to the Google parent company entering the market for the first time. “The savings on prepaying renewable electricity from this transaction will flow to Pioneer’s ratepayers and support utility affordability for the communities we serve,” he said in a statement. A representative for Goldman declined to comment. A representative for Google did not immediately respond to requests for comment.
Taiwan’s main opposition leader said cross-strait peace can be maintained as long as Taipei did not move towards “de jure independence”, during her trip in the United States. Cheng Li-wun, chairwoman of the Kuomintang (KMT), attended a closed-door seminar at Harvard University’s John F. Kennedy School of Government on Thursday, according to a KMT statement on Friday. Cheng told the seminar that pe...
Taiwan’s main opposition leader said cross-strait peace can be maintained as long as Taipei did not move towards “de jure independence”, during her trip in the United States. Cheng Li-wun, chairwoman of the Kuomintang (KMT), attended a closed-door seminar at Harvard University’s John F. Kennedy School of Government on Thursday, according to a KMT statement on Friday. Cheng told the seminar that peace and stability across the Taiwan Strait, which she described as the greatest common denominator...
Frederick Doerschem/iStock via Getty Images Based in Poway, California, NeoVolta Inc. ( NEOV ) designs and develops advanced, nonflammable lithium iron phosphate (LiFePO4) energy storage systems. It recently went through approximately 20 million shares in dilution, to fund its expansion, leaving approximately $35 million cash on its balance sheet. The story is about to flip from cash burn to comme...
Frederick Doerschem/iStock via Getty Images Based in Poway, California, NeoVolta Inc. ( NEOV ) designs and develops advanced, nonflammable lithium iron phosphate (LiFePO4) energy storage systems. It recently went through approximately 20 million shares in dilution, to fund its expansion, leaving approximately $35 million cash on its balance sheet. The story is about to flip from cash burn to commercial ramp: production at its Georgia plant is set to begin in Q3 2026. Investment Thesis NeoVolta is a rare, FEOC-compliant domestic battery storage manufacturer to which the OBBBA has just handed an advantage, paired with a credible downstream partner prepared to sell 1.1 GWh of capacity. The company is only weeks away from converting these into revenue as its Georgia factory comes online, estimated for Q3 2026. The thesis rests on three links in a single chain — a policy opening, a strong demand source to fill it, and the manufacturing capacity to monetize it — and the investment case depends on all three connecting over the next several quarters. The OBBBA Reshaped the Competitive Map in NeoVolta's Favor The One Big Beautiful Bill Act (OBBBA), signed in July 2025, effective January 1, 2026, eliminated the roughly 30% Investment Tax Credit(ITC) for residential battery storage solutions purchased by homeowners. The commercial, utility, and industrial investment tax credit (Section 48E) remains, however the manufacturer need to comply with the FEOC (Foreign Entity of Concern) rule in order for customers to get ITC. Chinese entities specialize in manufacturing low-cost battery cells and battery storage solutions, but because they are classified as foreign entity of concern, they cannot take advantage of the ITC when selling products in U.S. starting January 1, 2026. This creates opportunities for companies like NeoVolta, which can draw part of the cost advantage of Chinese supply chain and also stay complaint with FEOC. FEOC focuses on two tests. First, it should be domesti...
Nuthawut Somsuk/iStock via Getty Images Since the onset of the US-Iran war, the oil market has told us one story: The conflict is going to resolve. TradingView The record has told us a very different story. It was going to last "four to five weeks". Then it was going to end in April, then by the end of May. Those deadlines have come and gone, and promises of being "very close" have gotten postpone...
Nuthawut Somsuk/iStock via Getty Images Since the onset of the US-Iran war, the oil market has told us one story: The conflict is going to resolve. TradingView The record has told us a very different story. It was going to last "four to five weeks". Then it was going to end in April, then by the end of May. Those deadlines have come and gone, and promises of being "very close" have gotten postponed time and time again. The story that most trade desks on Wall Street still live by, is that this conflict is going to go away. This is the only way you can explain the current price in the mid 90s, well off the spike which saw the North Sea Dated reach $140+ in April. The baseline remains: Oil remains elevated but slowly drifts back towards $89 by the end of the year. The Futures forward curve shows extremely mild backwardation, showing a flat price which just doesn't add up when we do some simple math on the situation. TradingView We're slowly but surely running into very dangerous situations regarding oil storage in the US, and globally. The pressure is piling on as I'm about to show you. And to be clear, this isn't some crackpot theory. You have the CEO of Chevron ( CVX ), one of the largest Oil Majors, who went on record the other day saying: The buffers and the shock absorbers are being steadily drawn down, and the ability for the market to absorb this imbalance is drastically diminished today versus where we started [...] Over the next few weeks, we’re likely to see those pressures flow through more directly to physical prices and there’s more upwards pressure that I would expect as we get into June and certainly into July. So what is he talking about? There are a few things. First there is the storage levels at Cushing, Oklahoma. EIA For those of you that don't know, Cushing is a small town in Oklahoma that just happens to hold one of the largest clusters of oil storage tanks worldwide. It is where the WTI crude oil price is set. When we say WTI is at $92, what it m...
Head coach says Bayern Munich striker is in ‘top shape’ England face New Zealand in warm-up on Saturday Thomas Tuchel has said that Harry Kane is in top shape and ready to lead England to glory at the World Cup. The Bayern Munich striker has been short of fitness at previous major tournaments but he has enjoyed a brilliant season in Germany and has looked in peak physical condition in training thi...
Head coach says Bayern Munich striker is in ‘top shape’ England face New Zealand in warm-up on Saturday Thomas Tuchel has said that Harry Kane is in top shape and ready to lead England to glory at the World Cup. The Bayern Munich striker has been short of fitness at previous major tournaments but he has enjoyed a brilliant season in Germany and has looked in peak physical condition in training this week. England have prepared for the intense heat expected at the World Cup by heading to Florida to acclimatise to the weather and have been working in testing conditions at their pre-tournament base in West Palm Beach. Continue reading...
July WTI crude oil (CLN26 ) on Friday closed down -2.50 (-2.69%), and July RBOB gasoline (RBN26 ) closed up +0.0076 (+0.25%). Crude oil prices settled sharply lower on Friday amid hopes of a US-Iran peace settlement that would allow the reopening of the Strait of Hormuz. Also, Friday's rally...
July WTI crude oil (CLN26 ) on Friday closed down -2.50 (-2.69%), and July RBOB gasoline (RBN26 ) closed up +0.0076 (+0.25%). Crude oil prices settled sharply lower on Friday amid hopes of a US-Iran peace settlement that would allow the reopening of the Strait of Hormuz. Also, Friday's rally...
Driven Brands ( DRVN ) said it received a Nasdaq non-compliance notice on June 1 for failing to timely file its quarterly report for the period ended March 28, 2026. The delay stems from a previously announced restatement of prior-period financials, which had already pushed back the filing of its 2025 annual report, eventually filed on May 19. The notice has no immediate effect on the listing or t...
Driven Brands ( DRVN ) said it received a Nasdaq non-compliance notice on June 1 for failing to timely file its quarterly report for the period ended March 28, 2026. The delay stems from a previously announced restatement of prior-period financials, which had already pushed back the filing of its 2025 annual report, eventually filed on May 19. The notice has no immediate effect on the listing or trading of the stock. The company has until July 31 to submit a compliance plan, with Nasdaq retaining discretion to extend the deadline to November 25. Driven Brands said it expects to file the overdue 10-Q "as soon as practicable." More on Driven Brands Driven Brands Holdings: Hard To Stay Bullish Due To Fundamental Weakness (Rating Downgrade) Driven Brands Holdings Inc. 2025 Q4 - Results - Earnings Call Presentation Driven Brands Holdings Inc. (DRVN) Q4 2025 Earnings Call Transcript Driven Brands expects $1.95B-$2.05B revenue in 2026 while targeting 3x net leverage by year-end Driven Brands beats top-line and bottom-line estimates; initiates FY26 outlook
The jobs report was just the latest market-moving event this week, alongside another mega-cap earnings report, new tariffs and continued developments in the Iran conflict.
The jobs report was just the latest market-moving event this week, alongside another mega-cap earnings report, new tariffs and continued developments in the Iran conflict.
Esteemed finance professor Jeremy Siegel called Friday's sell-off in the technology sector a common reaction to a parabolic rise in stock prices. But he was also optimistic that such a pullback usually doesn't signal the beginning of a prolonged correction. "One of the oldest sayings in Wall Street is up the staircase, down the elevator, and that's exactly what happened," Siegel, professor emeritu...
Esteemed finance professor Jeremy Siegel called Friday's sell-off in the technology sector a common reaction to a parabolic rise in stock prices. But he was also optimistic that such a pullback usually doesn't signal the beginning of a prolonged correction. "One of the oldest sayings in Wall Street is up the staircase, down the elevator, and that's exactly what happened," Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business and WisdomTree chief economist, said on CNBC's " Closing Bell " on Friday afternoon. "When you have these super moves like we've seen in the chip stocks, the memory stocks, the trend followers, the momentum players … whenever it goes off the trend, they're out because they're just riding that train, and that's what we see today," he said. All three major averages logged losses this week , with Nasdaq's 4.7% decline, its worst weekly showing since April 4, 2025. Still, even with this pullback, the Nasdaq has tallied a 10.6% gain in 2026. As Siegel mentioned, semiconductor stocks have been a big winner this year, with the VanEck Semiconductor ETF (SMH) rising 58% year to date, but it suffered a nearly 5% drop this week. Friday's 9.2% drop was its worst one-day move since Jan. 27, 2025. The iShares Semiconductor ETF (SOXX) on Friday saw its worst day since March 16, 2020. Year to date, SOXX is up more than 79%. But Siegel said such big moves aren't out of the ordinary. "Now, that's rarely the top," he said. "It could be the top, but usually it's a very short-term top. Goes down and then tries to build up, and that's the point where you kind of break the previous high. If it doesn't, then that could be a start of a more major downturn, but this is a very, very common reaction to … the parabolic move." According to Siegel, the market's artificial intelligence-driven gains are different from previous market bubbles because of the potential productivity growth these technological changes could create. The prof...
Getty Images SPCX IPO: No More Accelerated SP500 Inclusion I last wrote on Space Exploration Technologies Corp. ( SPCX ), aka SpaceX, on May 7. That article , titled “ SpaceX IPO: Accelerated S&P 500 Inclusion Could Create A Liquidity Vacuum ,” rated the stock as a Buy. Among other things, and as stated in the title, a key factor that went into my thinking at that time was the possibility of an in...
Getty Images SPCX IPO: No More Accelerated SP500 Inclusion I last wrote on Space Exploration Technologies Corp. ( SPCX ), aka SpaceX, on May 7. That article , titled “ SpaceX IPO: Accelerated S&P 500 Inclusion Could Create A Liquidity Vacuum ,” rated the stock as a Buy. Among other things, and as stated in the title, a key factor that went into my thinking at that time was the possibility of an index methodology change that could fast-track SpaceX's S&P 500 ( SP500 ) entry. This possibility could in turn lead to substantial systematic buying demand shortly after the IPO. Since then, a few new developments have surfaced. These developments are sufficiently material for a reassessment and eventually caused me to change my rating to Hold. In the rest of this article, I will focus on the top changes that caused this rating change and explain why potential investors should consider Alphabet/Google ( GOOG ) shares as a way for indirect ownership. To start, the provider of the S&P 500 Index has recently announced in a press release that it will not shorten the 12-month seasoning period for newly public companies (see more details of the release below). This new development has thus weakened my earlier expectation for near-term systematic buying demand after the IPO. Seeking Alpha News: S&P refuses to waive rules for mega-cap IPOs ahead of SpaceX listing. S&P Global ( SPGI ) said on Thursday it would keep the existing criteria for entry into its major indices, dashing hopes of a swift S&P 500 (SP500) inclusion for Elon Musk ’s SpaceX (SPCX) following what is expected to be the world ’s largest-ever IPO. Retail Investors’ Access As another development, the promotional efforts from the IPO’s underwriters and also major brokerage firms have also gotten my attention as the IPO approaches. I’ve experienced my fair share of highly anticipated IPOs in the past. However, the effort surrounding SpaceX is truly unprecedented—with no exaggeration intended. Judging by the announcements...
US lawmakers' personal stock holdings are increasingly weighted toward tech and crypto. Yahoo Finance Washington Correspondent Ben Werschkul breaks down the details and goes over the ethical implications.
US lawmakers' personal stock holdings are increasingly weighted toward tech and crypto. Yahoo Finance Washington Correspondent Ben Werschkul breaks down the details and goes over the ethical implications.
Spencer Platt/Getty Images News Farnborough International Airshow on Friday released the first group of aircraft and aerial demonstration teams confirmed for its 2026 edition, led by the U.S. Air Force F-35A Lightning II Demonstration Team and a roster that highlights growing investor interest in defense modernization, advanced air mobility and business aviation. The biennial aerospace exhibition,...
Spencer Platt/Getty Images News Farnborough International Airshow on Friday released the first group of aircraft and aerial demonstration teams confirmed for its 2026 edition, led by the U.S. Air Force F-35A Lightning II Demonstration Team and a roster that highlights growing investor interest in defense modernization, advanced air mobility and business aviation. The biennial aerospace exhibition, scheduled for July 20-24 at Farnborough Airport in Hampshire, England, is one of the industry's most closely watched gatherings for aircraft orders, defense procurement announcements and strategic partnerships. For investors, the aircraft lineup offers an early indication of the technologies and market segments likely to dominate discussions among aerospace manufacturers, defense contractors, airlines and government officials. Among the aircraft currently scheduled for flying displays are the Lockheed Martin ( LMT ) F-35A Lightning II, Airbus ( EADSF ) ( EADSY ) A350-1000, Royal Air Force Eurofighter Typhoon, Rolls-Royce-operated ( RYCEY ) ( RYCEF ) Supermarine Spitfire Mk XIX, Vertical Aerospace ( EVTL )VX4 electric aircraft and Beta Technologies ( BETA ) CX300 electric aircraft. The RAF Falcons Parachute Display Team and the Starlings Aerobatic Team are also expected to perform. The early lineup reflects several of the aerospace industry's strongest growth areas. Military aircraft including the F-35A, Eurofighter Typhoon and Czech Air Force JAS-39 Gripen arrive as NATO countries continue increasing defense spending. Meanwhile, electric aircraft developers Beta Technologies and Vertical Aerospace are expected to showcase technologies aimed at emerging advanced air mobility markets, a sector that has attracted significant investor attention despite a challenging funding environment. Business aviation is also well represented. Aircraft currently listed include Bombardier's ( BDRBF )( BDRAF )( BOMBF ) Global 8000 and Dassault Aviation's ( DUAVF ) Falcon 6X, underscoring cont...