Smart weather-monitoring device vendor AcuRite has delayed plans to force users onto a new companion app. The transition from My AcuRite to AcuRite NOW, which AcuRite previously set for May 30, “has raised serious questions and concerns among many long-time users,” AcuRite’s VP of product development, Jeff Bovee, told Ars Technica. AcuRite, whose devices include weather stations, rain gauges, and ...
Smart weather-monitoring device vendor AcuRite has delayed plans to force users onto a new companion app. The transition from My AcuRite to AcuRite NOW, which AcuRite previously set for May 30, “has raised serious questions and concerns among many long-time users,” AcuRite’s VP of product development, Jeff Bovee, told Ars Technica. AcuRite, whose devices include weather stations, rain gauges, and indoor thermometers, told customers that it would shut down My AcuRite at the end of May. Devices owners would have to use AcuRite NOW, an iOS and Android app launched in June 2025, to control their gadgets instead. Some long-time users lamented being forced to new software when the current software worked fine, if not better, than the new app. When Ars first reported on AcuRite in May, AcuRite NOW lacked some features of My AcuRite, including the ability to rename multiple temperature sensors, report temperatures in non-integers, as well as an online dashboard option. Users have also highlighted problems uploading data to weather sites and a poor layout with wasted space. Read full article Comments
Bloomberg Tech 2026 took place in San Francisco bringing together the leading CEOs, investors and innovators who are harnessing technology to change the world around us. The summit opened with a look at the state of the industry and AI. (Source: Bloomberg)
Bloomberg Tech 2026 took place in San Francisco bringing together the leading CEOs, investors and innovators who are harnessing technology to change the world around us. The summit opened with a look at the state of the industry and AI. (Source: Bloomberg)
PM Images/DigitalVision via Getty Images There's a fund that doesn't use "only" the classic buy-write fund strategies to generate today a distribution rate above 25% TTM (per SA): we're talking about NestYield Dynamic Income ETF ( EGGY ). And it does so with a strategy that today seems to actually surpass the total return of classic buy-write funds on the Nasdaq-100. Note the fact that this strate...
PM Images/DigitalVision via Getty Images There's a fund that doesn't use "only" the classic buy-write fund strategies to generate today a distribution rate above 25% TTM (per SA): we're talking about NestYield Dynamic Income ETF ( EGGY ). And it does so with a strategy that today seems to actually surpass the total return of classic buy-write funds on the Nasdaq-100. Note the fact that this strategy carries more risk than the Nasdaq-100 and the covered call ETFs themselves. Here too, what gets distributed is not all gain; but personally, I try to mitigate these issues with a particular tactic. But before talking about it… What is EGGY? An actively managed ETF launched on December 26, 2024, with a track record of about 17 months, relatively short to evaluate the performance of active management. Especially in front of a nominal management fee of 0.95%, certainly not negligible. But before looking at the cost, we should get used to looking at what this fund actually offers . EGGY - fund profile (Seeking Alpha) Let's start from the assumption that EGGY doesn't follow a benchmark : it's an actively managed ETF with a primary objective of high income; then it has a (only) secondary objective of exposure to price appreciation of US equity securities; it does so through the setup of an equity portfolio with synthetic replication and a 172% turnover. On top of that, it prints a covered call strategy that deserves to be analyzed. This is because EGGY's distribution is equal to 32%, even in the absence of SEC yield; decidedly high; all the more so if we consider that the declared monthly distribution target is 1.5-3% of NAV. What Do We Find Inside? First of all, an equity selection based on active research on US large caps was listed to identify 25 candidates. On these, a subsequent qualitative analysis is carried out that extracts a maximum of 10 to 25 securities; then it applies a weighting mechanism that emphasizes earnings growth as the primary factor. This is today's res...
Server maker Super Micro Computer (NASDAQ: SMCI) shared the kind of update on Tuesday evening that growth investors usually celebrate. The company said it has received approximately $39 billion in orders for its advanced artificial intelligence (AI) servers from more than 20 customers in recent weeks. That's more than its total revenue over the past four quarters combined. But the news came with a...
Server maker Super Micro Computer (NASDAQ: SMCI) shared the kind of update on Tuesday evening that growth investors usually celebrate. The company said it has received approximately $39 billion in orders for its advanced artificial intelligence (AI) servers from more than 20 customers in recent weeks. That's more than its total revenue over the past four quarters combined. But the news came with a catch. To buy the components needed to build those servers, Super Micro plans to raise $7 billion by selling a combination of common stock and convertible preferred shares. Investors focused on the bill rather than the orders, sending shares down about 28% on Wednesday. In total, shares are now down about 37% over the last five trading days alone. It's quite the reversal. The stock jumped 68% in May, and it has now given back a big piece of that gain in a single trading session. And the size of the financing helps explain the reaction: $7 billion equals more than a third of the company's entire market value of about $20 billion as of this writing. Continue reading
The SpaceX IPO is nearly upon us. And investors around the world are grappling with the company's lofty $1.77 trillion valuation target. Critical to that valuation target is the company's fledgling artificial intelligence division . SpaceX estimates that its AI division alone is chasing a total addressable market of $26.5 trillion. If true, that would potentially more than justify a $1.77 trillion...
The SpaceX IPO is nearly upon us. And investors around the world are grappling with the company's lofty $1.77 trillion valuation target. Critical to that valuation target is the company's fledgling artificial intelligence division . SpaceX estimates that its AI division alone is chasing a total addressable market of $26.5 trillion. If true, that would potentially more than justify a $1.77 trillion market cap. Still, there are many unknowns. No one can say for sure whether SpaceX's AI bets will pay off. The capital costs will be truly enormous. Evercore ISI -- an advisory investment bank -- predicts SpaceX's capital expenditures will reach $360 billion by 2030, nearly doubling in value to $732 billion by 2031. The vast majority of that spending will be dedicated exclusively to AI investments . To put that into perspective, SpaceX's total capital spending last year was just $20 billion -- a figure that includes spending across all of its business segments. While SpaceX's future may still be uncertain, there's one thing we know nearly for certain: The company will go on a massive spending spree following its IPO. And there are two stocks in particular poised to benefit. Continue reading
In trading on Thursday, shares of Summit Hotel Properties Inc's 5.875% Series F Cumulative Preferred Stock (Symbol: INN.PRF) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $16.25 on the day. This c
In trading on Thursday, shares of Summit Hotel Properties Inc's 5.875% Series F Cumulative Preferred Stock (Symbol: INN.PRF) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $16.25 on the day. This c