When Scottish doctor Alexander Fleming accidentally discovered the first antibiotic in 1928, he changed the course of history, extending global life expectancy by decades and saving millions of lives on the battlefield and beyond. But humanity’s dependence on his discovery has fuelled a modern crisis: antimicrobial resistance, or AMR. Decades of overuse and misuse of the drug have allowed “superbu...
When Scottish doctor Alexander Fleming accidentally discovered the first antibiotic in 1928, he changed the course of history, extending global life expectancy by decades and saving millions of lives on the battlefield and beyond. But humanity’s dependence on his discovery has fuelled a modern crisis: antimicrobial resistance, or AMR. Decades of overuse and misuse of the drug have allowed “superbugs” – bacteria that have mutated to survive antibiotic treatments – to evolve. According to a 2014...
Organisers of South Korea’s renowned Yeoju Ceramic Festival have apologised after Chinese-made ceramic products were distributed as giveaway prizes at an event intended to promote the country’s pottery heritage, sparking public backlash and online criticism. The controversy emerged after a social media user said on Tuesday that a miniature moon jar received through a festival promotional event car...
Organisers of South Korea’s renowned Yeoju Ceramic Festival have apologised after Chinese-made ceramic products were distributed as giveaway prizes at an event intended to promote the country’s pottery heritage, sparking public backlash and online criticism. The controversy emerged after a social media user said on Tuesday that a miniature moon jar received through a festival promotional event carried a “Made in China” sticker. “I honestly doubted my eyes when I opened the package,” the winner...
AlexSecret/iStock via Getty Images May marks the onset of the “go away” six-month period for US stocks, when they have historically had weaker-than-average returns. In more recent history, though, it has been the encore performance for the October—April period, where market returns have historically shined. With a 5% gain this month, the S&P 500 is on pace for its first-ever "three-peat" of 4%+ ga...
AlexSecret/iStock via Getty Images May marks the onset of the “go away” six-month period for US stocks, when they have historically had weaker-than-average returns. In more recent history, though, it has been the encore performance for the October—April period, where market returns have historically shined. With a 5% gain this month, the S&P 500 is on pace for its first-ever "three-peat" of 4%+ gains in May. Not only that, but over the last 14 years, May has only finished in the red once (2019's -6.58%), driving the 10-year rolling average May return to 1.81%, which is the strongest rolling performance for the month since 1999. Your parents may have once told you that it’s never smart to hang around the bars after last call, but in recent years, staying late has paid off. Now about that hangover the next morning. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
chabybucko/E+ via Getty Images By Jennifer Nash New orders for manufactured durable goods jumped 7.9% in April to $345.96B, almost twice as much as the projected 4.0% monthly growth. Compared to a year ago, new orders are up 17.2%. New orders for manufactured durable goods in April, up two consecutive months, increased $25.5 billion or 7.9 percent to $346.0 billion, the U.S. Census Bureau announce...
chabybucko/E+ via Getty Images By Jennifer Nash New orders for manufactured durable goods jumped 7.9% in April to $345.96B, almost twice as much as the projected 4.0% monthly growth. Compared to a year ago, new orders are up 17.2%. New orders for manufactured durable goods in April, up two consecutive months, increased $25.5 billion or 7.9 percent to $346.0 billion, the U.S. Census Bureau announced today. This followed a 1.3 percent March increase. Excluding transportation, new orders increased 1.1 percent. Excluding defense, new orders increased 8.1 percent. Transportation equipment, also up two consecutive months, led the increase, $23.1 billion or 21.5 percent to $130.9 billion. ( Download full PDF ) Durable Goods Durable goods refers to tangible products that can be stored or inventoried and that have an average life of at least three years. Durable goods are typically expensive and therefore tend to be purchased when there is confidence in the economy. New orders for durable goods are a leading indicator, meaning when purchases increase, it typically hints at an improvement to the economy. On the flip side, when the new orders trend down, it is indicating a lack of confidence in the economy. Economists frequently study this indicator, excluding transportation or defense or both. Just how big are these two subcomponents? Here is a stacked area chart to illustrate the relative sizes over time based on the nominal data. We've also included a dotted line to show the relative size of the core capex subset, which we'll illustrate in more detail below. The next chart shows the year-over-year percent change in durable goods. We've highlighted the value at recession starts and the latest value for this metric. If we exclude transportation, "core" durable goods were up 1.1% from the previous month, exceeding the projected 0.5% monthly growth. Core durable goods are up 9.1% compared to one year ago, the highest level since June 2022. The next chart shows the year-over-yea...
英伟达正准备以一颗芯片，重写PC行业的权力结构。 5月30日， 华尔街见闻提及 ，距台北ComputeX大会主题演讲开幕不足数日，英伟达官方社交账号发出三字预告——"A new era of PC"。 帖文还附上两组指向台北表演艺术中心的地理坐标，微软Windows和Arm官方账号当日也发布同一内容。 三方罕见联动，将一个酝酿已久的悬念推至台前： 英伟达即将宣布进军Windows PC处理器市场。...
英伟达正准备以一颗芯片，重写PC行业的权力结构。 5月30日， 华尔街见闻提及 ，距台北ComputeX大会主题演讲开幕不足数日，英伟达官方社交账号发出三字预告——"A new era of PC"。 帖文还附上两组指向台北表演艺术中心的地理坐标，微软Windows和Arm官方账号当日也发布同一内容。 三方罕见联动，将一个酝酿已久的悬念推至台前： 英伟达即将宣布进军Windows PC处理器市场。 同日，据Axios援引知情人士透露， 首批搭载英伟达芯片的Windows电脑，预计将同时现身ComputeX与微软Build开发者大会，微软旗下Surface品牌及戴尔均在其列。 关于英伟达基于Arm架构的处理器，传闻已久。戴尔CEO迈克尔·戴尔早在2024年的一次采访中就暗示过，未来可能会推出搭载英伟达芯片的AI PC。 而英伟达进军Windows on Arm平台意味着，高通将不再拥有微软Windows 11 Arm版操作系统的独家授权。 过去数十年，英伟达在PC产业链中扮演的是独立显卡供应商的角色，被整机厂商"请进来"，完成一项精密的零件装配任务，却无权主导整机设计。 如今，英伟达意图将CPU、GPU与AI单元整合为单颗SoC，直接向戴尔、联想等整机厂商输出"心脏"，走的正是苹果Apple M系列的垂直整合路径，目标却是整个Windows阵营。 N1X芯片：已流传近一年的"公开秘密" 外界对这款芯片的猜测并非新鲜事。 据《华尔街日报》此前报道，戴尔等制造商正在研发搭载N1及N1X芯片的笔记本电脑产品。 据VideoCardz，联想今年早些时候已在测试采用N1及N1X命名的芯片的笔记本原型机。 英伟达CEO黄仁勋本人此前也曾确认，公司已在研发N1芯片，并表示其与DGX Spark迷你工作站中所使用的处理器属于同一技术脉络。 后者搭载GB10超级芯片，将Blackwell架构GPU与20核Arm CPU整合于一体，目前面向AI工程师销售，售价4699美元。 目前流传的规格信息显示，N1X或将配备与联发科联合开发的20核CPU、搭载6144个CUDA核心的Blackwell架构GPU，与桌面级RTX 5070持平，并支持最高128GB LPDDR5X统一内存架构，CPU与GPU可共享调用。 这一设计思路与苹果M系列芯片及高通骁龙X系列高度相似。 Windows on Ar...
Chevron (NYSE: CVX) reported first-quarter 2026 adjusted earnings of $1.41 per share. That figure is materially lower than the $2.18 it earned in the year-ago period, which sounds really bad. Especially when you see that the company's realized oil price rose just over 6.5% year over year. There's a lot going on under the covers here, and much of it is positive. Chevron is one of the world's larges...
Chevron (NYSE: CVX) reported first-quarter 2026 adjusted earnings of $1.41 per share. That figure is materially lower than the $2.18 it earned in the year-ago period, which sounds really bad. Especially when you see that the company's realized oil price rose just over 6.5% year over year. There's a lot going on under the covers here, and much of it is positive. Chevron is one of the world's largest energy companies . It has operations around the world, produces oil and natural gas, and operates across the entire energy value chain, from the upstream (energy production) to the midstream (pipelines) to the downstream (chemicals and refining). It is a very complex business, and one important piece is hedging. But hedging activities don't always align well with quarterly earnings. In the first quarter, Chevron's earnings were unfavorably impacted by its hedging efforts to the tune of $2.9 billion. That hit should reverse itself in future quarters, but the near-term impact is that it may have made the company's first quarter look worse than it really was. Continue reading