(RTTNews) - Hitachi (6501.T) reported that fiscal 2025 net income attributable to stockholders increased to 802.4 billion yen from 615.7 billion yen, prior year. Earnings per share was 176.63 yen compared to 133.72 yen. Adjusted operating income increased to 1.2 trillion yen from
(RTTNews) - Hitachi (6501.T) reported that fiscal 2025 net income attributable to stockholders increased to 802.4 billion yen from 615.7 billion yen, prior year. Earnings per share was 176.63 yen compared to 133.72 yen. Adjusted operating income increased to 1.2 trillion yen from
ismagilov/iStock via Getty Images Key Takeaways The Fund (Investor Shares) returned -2.35% (net of fees) for the quarter, underperforming the Russell Midcap Index's 1.29% return. Fund performance was hampered by our holdings in Industrials, Materials and Health Care, as well as a lack of exposure to Energy. Performance was helped by our holdings in the Financials and Consumer Staples sectors. In t...
ismagilov/iStock via Getty Images Key Takeaways The Fund (Investor Shares) returned -2.35% (net of fees) for the quarter, underperforming the Russell Midcap Index's 1.29% return. Fund performance was hampered by our holdings in Industrials, Materials and Health Care, as well as a lack of exposure to Energy. Performance was helped by our holdings in the Financials and Consumer Staples sectors. In the first quarter, we took advantage of market volatility to upgrade the portfolio with companies we view as stronger growth prospects as we position for broadening market opportunities. We remain focused on selecting companies with durable growth characteristics, which we believe are well equipped to navigate heightened geopolitical risks and the potential disruptions posed by artificial intelligence (AI). Market Review The Russell Midcap Index added to 2025's strong return with a modest gain in the first quarter, as market leadership broadened away from large cap technology stocks into more reasonably valued mid caps amid heightened market volatility from geopolitical shocks and shifting AI narratives. Equity markets reversed course in the first quarter of 2026, as early optimism surrounding the ongoing megatrend in AI and easier monetary policy yielded to geopolitical shocks and tighter financial conditions. While the AI megatrend remained intact, fears of AI disruption caused sharp sell-offs among high-growth technology, software and information services stocks. The Federal Reserve held interest rates steady due to persistent inflation and economic uncertainty. The conflict with Iran drove oil prices sharply higher and resulted in a shift to a risk-off market sentiment, which pressured global equities and sharply increased volatility. During the quarter, the Energy sector's strong returns led the Russell Midcap Index, followed by healthy but more modest returns in the Materials and Utilities sectors. The Communication Services, Financials and Health Care sectors ended th...
Key PointsHigher tariffs will add an incremented $1.5 billion to Nike’s product costs in the U.S., an unfortunate development that isn't in the company’s control.
Key PointsHigher tariffs will add an incremented $1.5 billion to Nike’s product costs in the U.S., an unfortunate development that isn't in the company’s control.
Kenneth Cheung China-based AI startup DeepSeek ( DEEPSEEK ) said that it is offering a 75% discount on its newly launched DeepSeek-V4-Pro model until May 5. The steep price cuts for its latest large language model intensifies the cost competition in global AI market. It has reduced input cache-hit pricing across its API suite to one-tenth of previous levels, the Chinese AI startup said in a post o...
Kenneth Cheung China-based AI startup DeepSeek ( DEEPSEEK ) said that it is offering a 75% discount on its newly launched DeepSeek-V4-Pro model until May 5. The steep price cuts for its latest large language model intensifies the cost competition in global AI market. It has reduced input cache-hit pricing across its API suite to one-tenth of previous levels, the Chinese AI startup said in a post on X. The pricing move coincides with the preview launch of its V4 model family, which includes two variants: V4-Pro: a higher-performance, premium model and V4-Flash: a lighter, more cost-efficient version. The Hangzhou-based AI firm said the V4 models have been adapted to run on Huawei chip technology, highlighting China’s push toward domestic hardware ecosystems. The models are designed particularly for AI agent applications, which can handle more complex tasks than traditional chatbots. More on Hangzhou DeepSeek Artificial Intelligence Co., Ltd. DeepSeek unveils new AI model, targets OpenAI and Anthropic Alibaba, Tencent may invest in DeepSeek at $20B valuation: report Financial information for Hangzhou DeepSeek Artificial Intelligence Co., Ltd.