Stablecoins are cryptocurrencies that are mostly pegged to the U.S. dollar. They're becoming a popular way for people in countries with currency devaluation issues to preserve their savings without buying U.S. dollars, and for companies to settle cross-border transactions at faster, cheaper rates than conventional interbank transfers. Stablecoins can also be staked (locked up) on various exchanges...
Stablecoins are cryptocurrencies that are mostly pegged to the U.S. dollar. They're becoming a popular way for people in countries with currency devaluation issues to preserve their savings without buying U.S. dollars, and for companies to settle cross-border transactions at faster, cheaper rates than conventional interbank transfers. Stablecoins can also be staked (locked up) on various exchanges to earn higher yields than those from traditional savings accounts. In other words, top stablecoins like Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) could eventually represent an existential threat to banks and other fintech companies. One fintech company that could be hurt in that seismic shift is Remitly (NASDAQ: RELY) , one of the fastest-growing independent remittance service providers in the United States. Image source: Getty Images. Continue reading
Donaldson press release ( DCI ): Q3 Non-GAAP EPS of $1.06 beats by $0.01 . Revenue of $995.1M (+5.9% Y/Y) beats by $21.45M . Narrowing fiscal 2026 guidance, including record sales, adjusted operating margin and adjusted EPS Shares +3% PM. More on Donaldson While Donaldson Cuts Guidance, Atmus Just Walked Into Data Centers: Buy ATMU, Sell DCI Donaldson Company, Inc. (DCI) Presents at Oppenheimer 21...
Donaldson press release ( DCI ): Q3 Non-GAAP EPS of $1.06 beats by $0.01 . Revenue of $995.1M (+5.9% Y/Y) beats by $21.45M . Narrowing fiscal 2026 guidance, including record sales, adjusted operating margin and adjusted EPS Shares +3% PM. More on Donaldson While Donaldson Cuts Guidance, Atmus Just Walked Into Data Centers: Buy ATMU, Sell DCI Donaldson Company, Inc. (DCI) Presents at Oppenheimer 21st Annual Industrial Growth Virtual Conference Transcript Donaldson Company, Inc. (DCI) Presents at 47th Annual Raymond James Institutional Investor Conference - Slideshow Donaldson Q3 2026 Earnings Preview Quant snapshot: Ciena, Tilly’s among top-rated names as Here Group, Oddity Tech lag
Qualcomm (NASDAQ:QCOM) President and CEO Cristiano Amon said the company’s diversification strategy is progressing across automotive, IoT and data center markets, while its core handset business remains constrained by elevated memory costs rather than end-market demand. Speaking with Bernstein Seni
Qualcomm (NASDAQ:QCOM) President and CEO Cristiano Amon said the company’s diversification strategy is progressing across automotive, IoT and data center markets, while its core handset business remains constrained by elevated memory costs rather than end-market demand. Speaking with Bernstein Seni
China’s leading cartographic scientist Zhou Chenghu – the former deputy director of the Institute of Geographic Sciences and Natural Resources Research under the Chinese Academy of Sciences (CAS) – has been detained by anti-corruption authorities. According to a notice posted on Monday by the Central Commission for Discipline Inspection (CCDI), China’s top internal disciplinary and supervisory bod...
China’s leading cartographic scientist Zhou Chenghu – the former deputy director of the Institute of Geographic Sciences and Natural Resources Research under the Chinese Academy of Sciences (CAS) – has been detained by anti-corruption authorities. According to a notice posted on Monday by the Central Commission for Discipline Inspection (CCDI), China’s top internal disciplinary and supervisory body, Zhou is under investigation by central and local anti-corruption bodies for “suspected serious...
Insight Investment is the latest asset manager to take a punt on long term UK bonds after this year’s selloff, betting that the highest yields in the developed world will be enough to make up for the risks. The $836 billion investor, owned by Bank of New York Mellon Corp. , has been buying longer dated gilts, which offer more than European peers, according to the firm’s head of global rates Harvey...
Insight Investment is the latest asset manager to take a punt on long term UK bonds after this year’s selloff, betting that the highest yields in the developed world will be enough to make up for the risks. The $836 billion investor, owned by Bank of New York Mellon Corp. , has been buying longer dated gilts, which offer more than European peers, according to the firm’s head of global rates Harvey Bradley . In particular, he sees value in forward contracts where rates are higher. “Longer-dated bond forwards are sort of at or north of 6%, which we think is an attractive strategic entry point,” Bradley said in an interview. “You’re not quite at those levels in Europe.” The bet follows a rush by various funds to grab gilts after 30-year yields reached the highest since 1998 last year. Yet yields have surged afresh in recent months on political turmoil and as the inflationary impact of the Iran war switched expectations for interest-rate cuts into hikes. Read more: Debt, Inflation, Politics: UK Bonds Are Taking a Triple Hit While the continued conflict in the Middle East and higher oil prices mean the Bank of England could hurt gilts by raising borrowing costs in coming months, Governor Andrew Bailey recently said policymakers could tolerate inflation temporarily staying above its 2% target in order to support the UK’s weak economy. That’s helped temper bets on rate hikes. “If at some point the market does pivot to worrying more about economic growth — and arguably it has done so far — then that’s likely to put some sort of cap as to how far longer dated yields might rise,” Bradley said. Foreign investors have kept pouring money into gilts. They were net buyers for an eighth consecutive month in April, the longest streak since 2021, according to Bank of England data released earlier on Tuesday. Thirty-year yields at above 5.5% are the highest in a basket of 21 developed markets tracked by Bloomberg.
Microsoft will hold its annual software developer conference on Tuesday, where the company is expected to showcase new tools for developers building AI software for PCs and the cloud. In a keynote address in San Francisco, Microsoft CEO Satya Nadella is expected to outline how the technology company plans to compete both in the cloud, where it is both an investor and a rival to firms such as Op...
Microsoft will hold its annual software developer conference on Tuesday, where the company is expected to showcase new tools for developers building AI software for PCs and the cloud. In a keynote address in San Francisco, Microsoft CEO Satya Nadella is expected to outline how the technology company plans to compete both in the cloud, where it is both an investor and a rival to firms such as OpenAI, and increasingly on PCs. But OpenClaw, which has gained popularity in China and helped Microsoft's longtime rival Apple sell Mac computers, and other such tools are also risky for most businesses to use.
A young man in rural China has gained tens of thousands of online followers in two weeks by impersonating Nvidia CEO Jensen Huang. Yang Yang, 28, who lives in a village in Dandong in northeastern Liaoning province, has gone viral on social media for his videos showing him imitating the artificial intelligence (AI) titan. He released the clips using an account called @huangyinxun, which is how Huan...
A young man in rural China has gained tens of thousands of online followers in two weeks by impersonating Nvidia CEO Jensen Huang. Yang Yang, 28, who lives in a village in Dandong in northeastern Liaoning province, has gone viral on social media for his videos showing him imitating the artificial intelligence (AI) titan. He released the clips using an account called @huangyinxun, which is how Huang’s Chinese name is pronounced in the northeastern China dialect. Yang has shared over 20 clips...
Chinese artificial intelligence companies are upending a decades-old dual-listing practice of selling shares domestically first and then in Hong Kong, as they reverse the sequence to anchor market-based valuations from global investors and tap more sophisticated capital to support growth. AI model developer MiniMax Group and peer Knowledge Atlas Technology, also known as Zhipu, spearheaded the new...
Chinese artificial intelligence companies are upending a decades-old dual-listing practice of selling shares domestically first and then in Hong Kong, as they reverse the sequence to anchor market-based valuations from global investors and tap more sophisticated capital to support growth. AI model developer MiniMax Group and peer Knowledge Atlas Technology, also known as Zhipu, spearheaded the new trend, saying they hired brokerages to prepare for mainland China stock offerings after completing...
When government officials shut down major roads and highways in Southern California during a record storm in the winter of 2023, it seemed obvious to Johnathon Ervin that his delivery drivers should stay home. Ervin was the owner of Battle-Tested Strategies in Palmdale, one of thousands of small businesses Amazon.com Inc. has hired over the years to deliver its packages. Palmdale is on the north s...
When government officials shut down major roads and highways in Southern California during a record storm in the winter of 2023, it seemed obvious to Johnathon Ervin that his delivery drivers should stay home. Ervin was the owner of Battle-Tested Strategies in Palmdale, one of thousands of small businesses Amazon.com Inc. has hired over the years to deliver its packages. Palmdale is on the north side of Los Angeles County, which was experiencing an unusual winter storm. Snow circled the Hollywood sign. The mountains near Palmdale received their first blizzard warning in 34 years, and other parts of the county were warned to expect flash floods. Flights to LAX were briefly grounded, beaches and parks shut down, and Disneyland’s “Magic Happens” show didn’t go on. But the decision about whether to brave the storm wasn’t up to Ervin, he says — the manager of Amazon’s local warehouse ordered him to send his drivers out. “I was like, ‘What are you talking about?’” recalls Ervin, a US Air Force veteran who served in Operation Iraqi Freedom. “The roads are closed.” He sent the Amazon rep videos he’d shot on his phone that showed snowy roads blocked off by orange cones, with the flashing lights of a police cruiser standing guard. “He was like, ‘Well, we still have to attempt delivery,’” Ervin says. “‘Central Ops said we must attempt delivery.’” The manager wouldn’t refer Ervin to anyone at Central Ops, he says, and when he stressed that sending out his drivers would put them in danger, the rep kept repeating, “Delivery must be attempted.” Ervin, who was in the middle of an escalating series of conflicts with Amazon, says he felt the company was leaving him no choice. If his drivers didn’t head out into the storm, Battle-Tested Strategies’ contract with Amazon, its sole customer, would be at risk. “We are still going to send your drivers,” the manager had told him, according to a lawsuit he later filed in California state court. In the end, he says, his team ended up trying t...
The face looking back at me in the mirror is familiar – because it is my father’s. The worst part? It’s all my own fault On a day as hot as hell last week, the only thing I had left to take off without causing offence was my fringe. So I went into a barber and asked him to do me this simple favour, and he said, “Not really – barbers are for men,” and I said that was a risk I was prepared to take, ...
The face looking back at me in the mirror is familiar – because it is my father’s. The worst part? It’s all my own fault On a day as hot as hell last week, the only thing I had left to take off without causing offence was my fringe. So I went into a barber and asked him to do me this simple favour, and he said, “Not really – barbers are for men,” and I said that was a risk I was prepared to take, and he said, “Men’s hair and women’s hair are completely different,” and I said, “That cannot be true – it doesn’t make biological sense,” and he said, “It is true,” and I said it was the least true thing I had ever heard and he said, “Fine,” and it took about a tenth as long as my regular haircut and cost about 17 times less. I’ve had a fringe this short before, for reasons of fashion, and I remember that era well because every time I saw my late mother, she started whistling ballads from the medieval times. Her repertoire was amazing. They say you’ll miss them when they’re gone, and I do not miss this . Continue reading...
Gillian Mosely’s film argues that Israelis are asked to accept a ‘forever war’ in part motivated by Netanyahu’s desire to defer investigation into corruption allegations Gillian Mosely has produced a follow-up film to her earlier documentary The Tinderbox , about the Israel/Palestine conflict and about how, as a Jewish person, she came to sympathise with the Palestinians. This film returns to the ...
Gillian Mosely’s film argues that Israelis are asked to accept a ‘forever war’ in part motivated by Netanyahu’s desire to defer investigation into corruption allegations Gillian Mosely has produced a follow-up film to her earlier documentary The Tinderbox , about the Israel/Palestine conflict and about how, as a Jewish person, she came to sympathise with the Palestinians. This film returns to the same subject, reiterating her argument that, since the grotesque antisemitic pogrom of 7 October, Israeli prime minister Benjamin Netanyahu has normalised a cruel, callous and paranoid political culture within an administration that needs far-right elements to stay in power and defer indefinitely any legal pursuit of Netanyahu’s own alleged corruption and cronyism, and that the civilian deaths in Gaza are an international scandal. Further, she says that all Israeli citizens, hawks and doves, are being asked to accept a “forever war” as a mark of patriotic loyalty; an eternal state of bloodshed. It is a perfectly admissible point, complicated by the fact that Israel does indeed have neighbours that deny its right to exist at all; fundamental, existential statehood enmities not faced by Putin, Xi, Trump and other strongmen with whom Netanyahu is often bracketed. Mosely at a later stage in the film damages her own argument, in my view, with a glib and naive statement to the effect that all this “fuels antisemitism”; an equation that comes close to inviting Jews all over the world to blame themselves for anti-Jewish bigotry. (Somehow it is not permissible in the same way to shrug and say that Hamas “fuels Islamophobia” or that Xi “fuels anti-Chinese racism”.) But, as before, Mosely has relevant things to say about a horrendous situation which Netanyahu’s ban on foreign journalists in Gaza is designed to mask. Continue reading...
A grassroots project has turned deforested beaches into thriving ecosystems by planting 100,000 native trees Pointing to a photograph of dry brown long grass hugging the shoreline, Gerardo Bolaños stands in front of a green oasis of seedlings and trees potted in black plastic bags. “This is what Playa Guiones looked like when we started in 2011,” says the executive director of Costas Verdes , a Co...
A grassroots project has turned deforested beaches into thriving ecosystems by planting 100,000 native trees Pointing to a photograph of dry brown long grass hugging the shoreline, Gerardo Bolaños stands in front of a green oasis of seedlings and trees potted in black plastic bags. “This is what Playa Guiones looked like when we started in 2011,” says the executive director of Costas Verdes , a Costa Rican nonprofit. As howler monkeys growl in the background, Bolaños points to the picture next to it – an image of the same patch of land but with scores of flourishing, lush green trees. Today, he says, this is how the beach looks. Continue reading...
January is an important month for anyone eligible for Social Security. That's the month the annual cost-of-living adjustment applies to your benefits (or future benefits). The COLA provides a bump to monthly Social Security benefits to help them keep up with inflation. But January may also be a good time for new applicants to start receiving Social Security benefits. Data from the Social Security ...
January is an important month for anyone eligible for Social Security. That's the month the annual cost-of-living adjustment applies to your benefits (or future benefits). The COLA provides a bump to monthly Social Security benefits to help them keep up with inflation. But January may also be a good time for new applicants to start receiving Social Security benefits. Data from the Social Security Administration show that retirees who apply for benefits in January receive higher average payments than those who apply throughout the rest of the year. It's also the month with the most Social Security applicants almost every year. That begs the question: Should you wait until January to apply for Social Security, too? Image source: Getty Images. Continue reading