Several users on social media reported having their Instagram accounts hacked over the weekend. Meta's own support chatbot was blamed for allowing hackers to hijack accounts.
Several users on social media reported having their Instagram accounts hacked over the weekend. Meta's own support chatbot was blamed for allowing hackers to hijack accounts.
Steven_Kriemadis/E+ via Getty Images Davie Defense has begun modernization work at Gulf Copper shipbuilding facilities in Galveston and Port Arthur, Texas, marking the start of a project that the company said could ultimately involve up to $1 billion in investment and support future U.S. Coast Guard vessel construction. Davie Defense leadership and guests break ground on the modernization of Gulf ...
Steven_Kriemadis/E+ via Getty Images Davie Defense has begun modernization work at Gulf Copper shipbuilding facilities in Galveston and Port Arthur, Texas, marking the start of a project that the company said could ultimately involve up to $1 billion in investment and support future U.S. Coast Guard vessel construction. Davie Defense leadership and guests break ground on the modernization of Gulf Copper Shipyard. (Davie Defense) The project is aimed at upgrading the Gulf Coast shipyards ahead of planned construction of Arctic Security Cutters, a new class of ice-capable vessels intended to expand the Coast Guard's operations in polar regions. The first phase of the modernization effort is scheduled for completion in 2028, according to Davie Defense. The timeline coincides with the expected start of construction on the first Texas-built Arctic Security Cutter. The first two vessels in the five-ship program are slated to be built at Helsinki Shipyard in Finland, an affiliate of Davie Defense, with delivery of the first vessel expected in 2028. The investment comes as U.S. policymakers seek to strengthen domestic shipbuilding capacity amid growing competition from China and other nations that have expanded their maritime industrial bases. Congress and federal agencies have increasingly highlighted shipyard modernization as a national security priority, particularly for military and Coast Guard fleets. For investors, the project reflects broader efforts to expand U.S. shipbuilding infrastructure and address concerns about limited domestic capacity for constructing large, complex vessels. Arctic operations have drawn increased attention in recent years as melting sea ice creates new shipping routes and geopolitical competition intensifies in the region. Davie Defense, which is owned by privately held Inocea, said the modernization project is expected to create approximately 2,400 direct jobs, while an independent economic study commissioned by the company estimated broad...
Efforts to negotiate an end to the Middle East war appeared mired in uncertainty on Monday, with Iran-linked media reporting that Tehran had suspended contact with Washington over Israelβs expanding offensive in Lebanon even as US President Donald Trump insisted talks were continuing βat a rapid paceβ and claimed to have helped broker a halt to fighting between Israel and Hezbollah. The conflictin...
Efforts to negotiate an end to the Middle East war appeared mired in uncertainty on Monday, with Iran-linked media reporting that Tehran had suspended contact with Washington over Israelβs expanding offensive in Lebanon even as US President Donald Trump insisted talks were continuing βat a rapid paceβ and claimed to have helped broker a halt to fighting between Israel and Hezbollah. The conflicting accounts highlighted the fragile state of negotiations aimed at ending more than three months of...
Floriana/E+ via Getty Images The State Street Bridgewater All Weather ETF ( ALLW ) is an actively managed exchange-traded fund designed to provide investors with global multi-asset exposure with the goal of managing volatility and risk through all market conditions. Accordingly, the strategy can be utilized as a complete investment strategy, providing diversified exposure to fixed income, equities...
Floriana/E+ via Getty Images The State Street Bridgewater All Weather ETF ( ALLW ) is an actively managed exchange-traded fund designed to provide investors with global multi-asset exposure with the goal of managing volatility and risk through all market conditions. Accordingly, the strategy can be utilized as a complete investment strategy, providing diversified exposure to fixed income, equities, and commodities across domestic, international, and emerging markets. The fund may be most suitable for more conservative investors that are seeking diversified exposure to the global markets while earning an appealing 4.26% distribution yield. Investment Thesis for ALLW ALLW wasnβt designed for all investors, particularly those that are seeking high-growth exposure to emerging technologies. ALLW is geared more towards conservative investors that are seeking to preserve wealth while earning income on their investments. ALLW is a blended model portfolio that invests across a variety of fixed income securities and State Streetβs diversified equity ETFs like the SPDR S&P 500 ETF ( SPYM ), as well as the SPDR Portfolio Emerging Markets ( SPEM ) and SPDR S&P China ETF ( GXC ). Across these three equity ETFs, ALLW will provide exposure to 4,739 individual equities, providing exceptional diversification with a heavier allocation towards domestic equities at 13.34% in SPYM. In total, equities account for 42.66% of net assets, providing investors with a balanced allocation to higher-risk assets. Corporate Filings Other investments include inflation-linked bonds, which account for 40.65% of net assets; global nominal bonds, which primarily consist of US Treasuries, at 67.62%; and inflation-linked bonds at 40.65%. Percentages will not add up to 100% given the overlap across asset classes. The strategy may be exceptionally appealing given the expectation of heightened inflationary pressures in the US, largely due to supply chain risks deriving from the war in Iran. With oil prices ma...
Sundry Photography/iStock Editorial via Getty Images The Nvidia ( NVDA ) keynote presentation at Computex just reinforced my bullishness on Marvell Technology, Inc. ( MRVL ). Everyone cares about GPUs and AI models, but Jensen Huang spent most of his time talking about factories, optical networks, rack-scale systems, and connectivity within those clusters. All of those are Nvidia-centric trends. H...
Sundry Photography/iStock Editorial via Getty Images The Nvidia ( NVDA ) keynote presentation at Computex just reinforced my bullishness on Marvell Technology, Inc. ( MRVL ). Everyone cares about GPUs and AI models, but Jensen Huang spent most of his time talking about factories, optical networks, rack-scale systems, and connectivity within those clusters. All of those are Nvidia-centric trends. However, those are also Marvell-centric trends because they are bottlenecks on the road to large-scale adoption of AI infrastructure. As AI infrastructures scale, memory and network connectivity will be the next bottlenecks. So, I believe Marvell will transition from being a semiconductor company into a critical AI infrastructure platform, which is not priced into the stock today. Computex Justified Marvell's Positioning Marvell's positioning couldn't have been better demonstrated after Computex. Nvidia is pushing GPUs and building AI factories, but what really matters is more connectivity between chips and servers. Marvell offers products to enable such connectivity, and its products have exposure to all the key bottlenecks that Nvidia mentioned in their presentation. First off, Marvell is moving from a semiconductor company into a fabric for AI infrastructure. The combination of all the technologies that were highlighted by Nvidia will require an increasing amount of optical networking, switching and interconnect solutions, and photonics products. That is exactly where Marvell has its products. The most important thing about it for me is that Marvell is benefitting from Nvidia's efforts in driving AI infrastructure demand without spending a single dollar on marketing or sales. More AI factories require more networking content; more complicated reasoning workloads will require more memory movement and traffic across AI clusters, and all of it increases the importance of Marvell's solutions. I think Marvell might also benefit significantly from Nvidia's plans to offer Fusion...
Shareholders approved a proposal to split up the assets of the Czech Republicβs dominant power utility, a step toward a government plan to buy out minority investors and gain full control over the companyβs power production. CEZ AS , in which the state holds 70%, will transfer its customer segment β distribution of electricity and natural gas, trading and services β to a new subsidiary, according ...
Shareholders approved a proposal to split up the assets of the Czech Republicβs dominant power utility, a step toward a government plan to buy out minority investors and gain full control over the companyβs power production. CEZ AS , in which the state holds 70%, will transfer its customer segment β distribution of electricity and natural gas, trading and services β to a new subsidiary, according to a plan endorsed by the annual general meeting in Prague on Monday. The motion also gave the board the right to decide on the sale of a minority stake in the new entity. The utilityβs shares dropped 0.3% to 1,252 koruna on Monday. With a market capitalization of 674 billion koruna ($32 billion), CEZ is one of the most valuable listed enterprises in the east of the European Union. The stock gained about 5% over the previous two months and is trading near an 18-year high it reached in January. The companyβs management said the potential sale of the minority stake in the new subsidiary may take place via a public offering, a direct sale, a combination of the two or another structure. The separation of stable, regulated business elements from power generation, which is exposed to higher market volatility and different investment risks, may enable the new subsidiary to attract a broader range of financing banks and investors, CEZ said in the original filing outlining the move. That in turn could result in more favorable terms. The sale of a minority stake in the new unit should generate cash for the parent company, which it can then use to buy out minority investors via a share buyback. Neither the management nor the government have presented details about the potential buyout price. The government led by Andrej Babis has described its plan to gain full ownership of power production as important for energy security and key for major investment in power generating assets, such as the construction of more nuclear reactors.
Key PointsTransformative technologies like railroads, radio, and the internet created long-term winners, but also wiped out countless investors who bought at the wrong time.
Key PointsTransformative technologies like railroads, radio, and the internet created long-term winners, but also wiped out countless investors who bought at the wrong time.