DINphotogallery/iStock via Getty Images In January, I upgraded Freightos ( CRGO ) stock to a buy as the company neared positive EBITDA and demonstrated strong SaaS and data revenue growth. However, since then, the stock has lost nearly 40% of its value, and that makes for a horrible return on a name with a buy rating. In this report, I discuss the company’s Q1 2026 earnings, the downward revision ...
DINphotogallery/iStock via Getty Images In January, I upgraded Freightos ( CRGO ) stock to a buy as the company neared positive EBITDA and demonstrated strong SaaS and data revenue growth. However, since then, the stock has lost nearly 40% of its value, and that makes for a horrible return on a name with a buy rating. In this report, I discuss the company’s Q1 2026 earnings, the downward revision on the guidance, and explain why there is pressure on the current buy rating, making investment in Freightos highly speculative. Freightos Shifts Business Model Freightos is not a freight broker or forwarder. Brokers buy transportation capacity and sell that capacity to shippers. Freightos provides a digital marketplace and SaaS platforms connecting freight logistics companies with customers. The company also sells data solutions. The company’s platform revenues come from Freightos.com, which connects freight forwarders with carriers, and WebCargo, which connects freight forwarders with carriers. It creates a vertical chain from shipper to carrier. The Freightos.com platform compares quotes from logistics providers, answering the question “Who can move my cargo and at what rate?” while the WebCargo platform answers the question “How do I move this cargo and at what rate?” Freightos.com uses a largely transaction-based revenue model, while WebCargo and data services use a subscription-based model. Freightos.com revenues are a function of the fee per transaction with sensitivity to the transaction volumes. So, if economic growth looks good, then volumes are high, and Freightos.com revenues increase, but if economic growth softens, the Freightos.com revenues also decrease. The WebCargo revenue model is shielded from the volume risk as customers pay an annual fee. When dividing the platform revenues by the gross booking value, which is the dollar value of freight services booked, we know how much revenue the company generates from one unit in freight services booked. This is kn...
quantic69 A group of Amazon ( AMZN ) engineers reportedly attended a Seattle City Council hearing on Wednesday to support proposals aimed at regulating the expansion of large AI data centers in the region, as construction continues amid ongoing workforce reductions at the company. “It’s been reported that this year, Amazon is spending $200B dollars on capital, with most of it going to data centers...
quantic69 A group of Amazon ( AMZN ) engineers reportedly attended a Seattle City Council hearing on Wednesday to support proposals aimed at regulating the expansion of large AI data centers in the region, as construction continues amid ongoing workforce reductions at the company. “It’s been reported that this year, Amazon is spending $200B dollars on capital, with most of it going to data centers and AI,” Patrick Schloesser, a software engineer at Amazon Web Services, said at a hearing, as per CNBC . “Microsoft ( MSFT ) is spending $190B. Meanwhile, the leaders at my company have laid off 30,000 corporate employees in the last eight months. What that tells me is that Big Tech is desperate to build as much compute capacity as it can, as fast as it can.” An Amazon spokesperson told CNBC in a statement that the company respects its colleagues’ right to voice their opinions. Officials in Seattle voted to approve a one-year moratorium on new large-scale artificial intelligence data centers to allow time for the city to regulate the projects. The proposal came after four developers approached a local utility provider to pitch building five large scale facilities in Seattle. Two of those developers have since withdrawn their proposals following public outcry, the Seattle Times reported. “Currently, we don’t have any plans to construct data centers within the Seattle city limits,” the Amazon ( AMZN ) spokesperson said. “Across the communities where we do operate data centers, we’re committed to being a responsible neighbor — investing in local economic development while prioritizing water and energy efficiency that exceeds industry standards.” According to the National Conference of State Legislatures , 14 states are considering legislation that would pause or ban new data centers. A report from Data Center Watch found that in 2025, at least $156B in data center projects were blocked or delayed amid local opposition and litigation. More on Amazon Amazon: The Stock Is Missi...
quantic69 A group of Amazon ( AMZN ) engineers reportedly attended a Seattle City Council hearing on Wednesday to support proposals aimed at regulating the expansion of large AI data centers in the region, as construction continues amid ongoing workforce reductions at the company. “It’s been reported that this year, Amazon is spending $200B dollars on capital, with most of it going to data centers...
quantic69 A group of Amazon ( AMZN ) engineers reportedly attended a Seattle City Council hearing on Wednesday to support proposals aimed at regulating the expansion of large AI data centers in the region, as construction continues amid ongoing workforce reductions at the company. “It’s been reported that this year, Amazon is spending $200B dollars on capital, with most of it going to data centers and AI,” Patrick Schloesser, a software engineer at Amazon Web Services, said at a hearing, as per CNBC . “Microsoft ( MSFT ) is spending $190B. Meanwhile, the leaders at my company have laid off 30,000 corporate employees in the last eight months. What that tells me is that Big Tech is desperate to build as much compute capacity as it can, as fast as it can.” An Amazon spokesperson told CNBC in a statement that the company respects its colleagues’ right to voice their opinions. Officials in Seattle voted to approve a one-year moratorium on new large-scale artificial intelligence data centers to allow time for the city to regulate the projects. The proposal came after four developers approached a local utility provider to pitch building five large scale facilities in Seattle. Two of those developers have since withdrawn their proposals following public outcry, the Seattle Times reported. “Currently, we don’t have any plans to construct data centers within the Seattle city limits,” the Amazon ( AMZN ) spokesperson said. “Across the communities where we do operate data centers, we’re committed to being a responsible neighbor — investing in local economic development while prioritizing water and energy efficiency that exceeds industry standards.” According to the National Conference of State Legislatures , 14 states are considering legislation that would pause or ban new data centers. A report from Data Center Watch found that in 2025, at least $156B in data center projects were blocked or delayed amid local opposition and litigation. More on Amazon Amazon: The Stock Is Missi...
In this article 9434.T-JP SSNHZ SSNHZ HXSCL HXSCL Follow your favorite stocks CREATE FREE ACCOUNT CANADA - 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of SoftBank fell 10% following an overnight sell...
In this article 9434.T-JP SSNHZ SSNHZ HXSCL HXSCL Follow your favorite stocks CREATE FREE ACCOUNT CANADA - 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of SoftBank fell 10% following an overnight sell-off in the U.S. market on the back of wider profit taking in the tech sector. Other Asian tech giants also saw their share prices fall. While the Japanese investment giant recently overtook Toyota Motor as Japan's most valuable company , there are market concerns over SoftBank's high-risk bets on AI , even as its share price has risen about 70% year-to-date on investor enthusiasm over the new technology. SoftBank CEO Masayoshi Son told CNBC he expects the AI revolution to be 50 times larger than the dot-com revolution of the 2000s. "Now, if you look at the history, electronics and motorization crashed in 1929, but went up for many, many years, for the next 100 years after that … so there may be some correction, but that will be the best investment opportunity to me," Son said on Monday. The market appears "to become fixated on short-term momentum, and less interested, or unable, to map out the long-term trajectory with detailed assumptions," according to a recent investor note by Deutsche Bank analyst Peter Milliken . Over in South Korea, Samsung and SK Hynix saw their shares decline by 1.25% and 2.75% respectively amid some profit taking, after both companies each crossed a market valuation of $1 trillion in May. SoftBank's shares last traded 10.6% lower at 7,434 yen. —CNBC's Lee Ying Shan and Sawdah Bhaimiya contributed to the report. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Tony Blair’s departure as PM should have prompted a fresh start for Labour. But Starmer’s sad, backward-looking government remains in his thrall Now half term is over, let’s have a quick quiz. Reading these lines, can you spot the common theme? Westminster has been mesmerised this week by the messages of a famous Blairite, Peter Mandelson, especially his damning exchanges with fellow carrier of th...
Tony Blair’s departure as PM should have prompted a fresh start for Labour. But Starmer’s sad, backward-looking government remains in his thrall Now half term is over, let’s have a quick quiz. Reading these lines, can you spot the common theme? Westminster has been mesmerised this week by the messages of a famous Blairite, Peter Mandelson, especially his damning exchanges with fellow carrier of the Blair torch, Pat McFadden. Last week’s big news was an essay written by Tony Blair himself. That was followed by a report on youth unemployment written by Blair’s former secretary of health, Alan Milburn. The story of this summer is shaping up to be a battle for the Labour leadership between Andy Burnham, whom Blair called “an outstanding member of my government”, and Wes Streeting, who is an outstanding member of his fanclub. Catch it? That’s right: were little green men to visit Britain, they would think it under the control of some guy called Tony Blair. If not chief executive of these islands, he’s certainly the chair. If it’s not him in the spotlight, some other back number from the class of ’97 is hastily pressed into service. Just taken a massive tonking in the local elections? Better call Harriet Harman and Gordon Brown into No 10 for the photos. On it goes, through Jonathan Powell, Michael Barber, Liz Lloyd, Tim Allan. Need a walking contacts book to charm Donald Trump? Let’s call Peter … Oh dear. Aditya Chakrabortty is a Guardian columnist Continue reading...
Protest over killing of Nowak and his treatment by police was attended by several far-right leaders, anti-immigrant influencers and known fascists Some of those who attended a protest in Southampton on Tuesday night were ordinary members of the public, appalled at the killing of Henry Nowak and his treatment at the hands of the police – who handcuffed him after a false accusation of racism by his ...
Protest over killing of Nowak and his treatment by police was attended by several far-right leaders, anti-immigrant influencers and known fascists Some of those who attended a protest in Southampton on Tuesday night were ordinary members of the public, appalled at the killing of Henry Nowak and his treatment at the hands of the police – who handcuffed him after a false accusation of racism by his killer, Vickrum Digwa. But the protest, which turned violent, was also attended by several far-right leaders, anti-immigrant influencers and known fascists. Eleven police officers and a police dog were injured as protesters threw bricks and bins at riot officers. Two people have been arrested. While the violence occurred after many of the speakers at the protest had left, some leading figures could be seen in clashes with riot police. Continue reading...
Test yourself on topical news trivia, pop culture and general knowledge every Thursday. How will you fare? Pop the champagne, fire the glitter cannons, let off some sky lanterns and then get castigated for the fire hazard and risk to wildlife they cause. Lo and behold it is the 250th Guardian Thursday news quiz, and a special bumper edition at that. Twenty-two questions await you on topical news, ...
Test yourself on topical news trivia, pop culture and general knowledge every Thursday. How will you fare? Pop the champagne, fire the glitter cannons, let off some sky lanterns and then get castigated for the fire hazard and risk to wildlife they cause. Lo and behold it is the 250th Guardian Thursday news quiz, and a special bumper edition at that. Twenty-two questions await you on topical news, general knowledge, pop culture, and the re-appearance of every regular round we’ve previously had, and could remember, and which didn’t cause us legal problems. Allons-y! The Thursday news quiz, No 250 Continue reading...
Layers of oregano bring a pungent earthiness to this simple supper of baked white fish and spuds In her enthusiasm, my dog pulled me over in front of a group of teenagers the other day, so I have been using an antiseptic called Citrosil on my elbow, hip and ear. So much so that clothes I wear often, tea towels that have been hung on my shoulder and my bag all seem to have Citrosil hanging about th...
Layers of oregano bring a pungent earthiness to this simple supper of baked white fish and spuds In her enthusiasm, my dog pulled me over in front of a group of teenagers the other day, so I have been using an antiseptic called Citrosil on my elbow, hip and ear. So much so that clothes I wear often, tea towels that have been hung on my shoulder and my bag all seem to have Citrosil hanging about them, like the teenagers around the bench (two of whom came to my aid). I put this down to the smell having got into my sinuses, or personal paranoia, until a woman in the supermarket commented, also saying how reassuring she found it. Separately, I keep having thoughts about chips fried in olive oil with oregano sprinkled on top, which I put down to a comment by a friend a few weeks ago, until I realised that thoughts of chips were also due to the Citrosil on my elbow and in my sinuses, because it doesn’t smell only like hospital corridors, my grandma, lemon and turpentine, but also oregano. Looking at the ingredients on the Citrosil bottle, the herbal element is actually thyme essence, although thyme and oregano are in the same family and both contain molecular compounds called thymol and cymene, whose decisive component smells – medicinal, tarry, woody, floral – are combined so intoxicatingly in thyme, oregano and marjoram. Smells that bring to mind chips, braised vegetables, köfte and flatbreads. Continue reading...
President of Finland Alexander Stubb is seen during a joint press conference with Lithuanian President Gitanas Nauseda (not in view) at the Presidential Palace. Sopa Images | Lightrocket | Getty Images HELSINKI, Finland — Finnish President Alexander Stubb has outlined his vision for a much larger European Union , saying the 27-nation bloc needs to "think big" and seize the moment to project power ...
President of Finland Alexander Stubb is seen during a joint press conference with Lithuanian President Gitanas Nauseda (not in view) at the Presidential Palace. Sopa Images | Lightrocket | Getty Images HELSINKI, Finland — Finnish President Alexander Stubb has outlined his vision for a much larger European Union , saying the 27-nation bloc needs to "think big" and seize the moment to project power on the global stage. Speaking at an energy conference in the Finnish capital on Wednesday, Stubb said the EU should push to increase its membership to 40 states and named the U.K., Canada, Turkey, Norway and Iceland as potential candidates to join. His comments come as the Trump administration's actions, alongside Russia's war with Ukraine , prompt some countries to reconsider the benefits of EU membership. Stubb told the Eurelectric Power Summit that "the window of opportunity" for EU enlargement "is quite short because when the war in Ukraine ends and perhaps when the U.S. administration changes, I don't know, then people are going to take their foot off the gas pedal and start heckling about unnecessary stuff again." Stubb added that "European strategic autonomy or European geopolitical power" is "often based on size and scale and I think the best European policy ever has been European enlargement." "In this moment, we need to think big and geographically, we need to enlarge or at least create memberships which are flexible enough to bring in a sum total of 40 European states — or even non-European," Stubb said. The European Commission, the EU's executive arm, did not immediately respond to a request for comment from CNBC. Read more Pessimism sets in for Europe as Iran war hits economic and consumer confidence One year after Trump’s sovereignty threats, Canadians keep ‘elbows up’ Russia's war in Ukraine has had an unlikely consequence — reviving EU plans to get even bigger The EU is pursuing its largest enlargement in a generation, with nine candidate countries all eyein...
India’s money-market turnover jumped to a record as state-owned lenders stepped up borrowing to fund booming credit demand. The value of trades in the so-called tri-party repurchase segment, which accounts for about 70% of the nation’s money markets, rose to an all-time high of 5.5 trillion rupees ($57.8 billion) on May 13 and has stayed elevated since, according to Bloomberg-compiled data. India’...
India’s money-market turnover jumped to a record as state-owned lenders stepped up borrowing to fund booming credit demand. The value of trades in the so-called tri-party repurchase segment, which accounts for about 70% of the nation’s money markets, rose to an all-time high of 5.5 trillion rupees ($57.8 billion) on May 13 and has stayed elevated since, according to Bloomberg-compiled data. India’s economic growth has held up well despite the energy crisis caused by the US-Iran war, preserving credit demand. State Bank of India is seeing strong loan uptake from sectors including power, renewables and data centers, Chairman CS Setty said Wednesday. However, the funding rush had pushed up overnight borrowing costs and short-term bond yields in recent weeks, underscoring banks’ ongoing struggle to attract deposits as household savings flow into other investment products. The money market “provides the cheapest source of funds available” during a period when the cost of funds for banks is witnessing upward pressure, said Kanika Pasricha, chief economist at Union Bank of India. Bank lending expanded at 16.2% in the year through May 15, the fastest clip in two years, with credit demand exceeding deposit growth for the eighth straight month, according to the latest central bank data . The credit-deposit gap widened to about 400 basis points, the most in about two years, the data show. Read More: Bank Lending in India Hits Two-Year High as Firms Skip Bonds Adding to the money-market turnover, private banks — traditionally net borrowers — unusually pivoted to being lenders in May, according to an analysis by the Clearing Corp. of India. The shift appears to be a result of “banks temporarily deploying proceeds from the sale of rate-sensitive investments amid concerns of a currency-defence-driven rate hike,” said Tanay Dalal , an economist at private sector lender Axis Bank.
Australia reported a trade surplus of AUD 1.79 billion in April 2026, a significant change from a revised deficit of AUD 1.02 billion the month before. This surplus matched market expectations. Goods exports increased by 7.2% month-over-month to AUD 47.19 billion, reaching the highest level in three years due to rising metal ore and mineral prices amid supply concerns. Meanwhile, growth in goods i...
Australia reported a trade surplus of AUD 1.79 billion in April 2026, a significant change from a revised deficit of AUD 1.02 billion the month before. This surplus matched market expectations. Goods exports increased by 7.2% month-over-month to AUD 47.19 billion, reaching the highest level in three years due to rising metal ore and mineral prices amid supply concerns. Meanwhile, growth in goods imports cooled significantly to 0.8% in April, down sharply from the 12.2% surge seen in March, reflecting a moderation in domestic demand. The S&P/ASX 200 Index shares slipped 110 points, or 1.3%, to 8,675 in Thursday's morning session, reversing gains from the prior session . The Australian dollar held below $0.715, staying near a two-week low. More on Australia: EWA: Why Australia Is Missing Out On The Tech-Led Rally Australia's Q1 GDP edges up 0.3%, missing forecasts; services PMI contracts to 48.7 in May Australia's May manufacturing PMI revised upward to 50.7, easing from April high Seeking Alpha’s Quant Rating on iShares MSCI Australia ETF Dividend scorecard for iShares MSCI Australia ETF
The Philippine central bank has cautioned banks against using foreign-exchange derivatives transactions as a tool to profit from currency volatility that has pushed the peso to a record low. Lenders should limit non-deliverable forex contracts strictly to legitimate economic purposes, according to a memorandum signed by Bangko Sentral ng Pilipinas Governor Eli Remolona on Wednesday. The BSP didn’t...
The Philippine central bank has cautioned banks against using foreign-exchange derivatives transactions as a tool to profit from currency volatility that has pushed the peso to a record low. Lenders should limit non-deliverable forex contracts strictly to legitimate economic purposes, according to a memorandum signed by Bangko Sentral ng Pilipinas Governor Eli Remolona on Wednesday. The BSP didn’t explain why it is reinforcing the rules first issued a year ago or whether it had identified any violations. Traders said the reminder came amid speculation that some banks were misusing recent foreign-exchange liberalization measures by buying dollars in the local market and selling non-deliverable forwards offshore to capitalize on prices differences, a practice similar to trade arbitrage. With the reminder in place, banks are expected to exercise greater caution in their NDF transactions, they said. All NDF trades involving the peso, conducted by authorized agent banks with non-resident financial institutions, “shall have underlying economic purposes, such as hedging of their own investments,” Remolona said in the memo. Transactions that are “not supported by specific, identifiable underlying exposures and documentation, particularly those for speculative positioning, directional peso exposure, or arbitrage-driven activities are not allowed,” he said. The Philippine peso fell to a record low of 61.75 to a dollar earlier this week, driven by renewed increase in oil prices as tensions between the US and Iran escalated once again. The currency rose 0.3% on Thursday, trimming losses this year to 4.5%. The central bank has hinted at a possible off-cycle interest rate hike following a surge in inflation. Such a move is expected to support the currency, as higher interest rates typically widen interest-rate differentials and attract foreign investment seeking better yields.
A massive coastal development project linked to Jared Kushner, the son-in-law of US President Donald Trump, is facing growing resistance from protesters in Albania. The government says the development on the Adriatic coast would be transformational for the former communist nation as it seeks to enter the high-end tourism market and pushes for European Union membership. But the venture, spanning an...
A massive coastal development project linked to Jared Kushner, the son-in-law of US President Donald Trump, is facing growing resistance from protesters in Albania. The government says the development on the Adriatic coast would be transformational for the former communist nation as it seeks to enter the high-end tourism market and pushes for European Union membership. But the venture, spanning an abandoned island and a nearby stretch of seafront on Albania’s southern coast, has drawn opposition...
Options traders are ramping up hedges against sharp yen swings over the next two weeks, positioning for the Bank of Japan’s policy meeting and the possibility of currency intervention by authorities seeking to support the yen. Two-week dollar-yen butterfly spreads have risen to their highest since October 2022, around when Japan conducted its first yen-buying intervention in more than two decades ...
Options traders are ramping up hedges against sharp yen swings over the next two weeks, positioning for the Bank of Japan’s policy meeting and the possibility of currency intervention by authorities seeking to support the yen. Two-week dollar-yen butterfly spreads have risen to their highest since October 2022, around when Japan conducted its first yen-buying intervention in more than two decades to stem the currency’s decline. The widening spreads point to growing worries over large swings in the currency pair. The yen remains under pressure despite Japan’s record spending to support it from April 28 to May 27, fueling speculation that authorities may step back into the market. Investors are also focused on the BOJ’s June 15-16 meeting for clues on the central bank’s policy path as the wide interest-rate differential between the US and Japan continues to weigh on the yen. “Intervention risk is certainly at the top of the mind given that dollar-yen is testing 160,” said Moh Siong Sim , a currency strategist at Oversea-Chinese Banking Corp. in Singapore. There could also be intense swings in the currency when the BOJ meets “if there is no clear signal of a faster pace of rate hikes to change the perception that the BOJ is behind the curve.” Japan’s currency strengthened to as far as 159.61 on Thursday and government bond futures fell after people familiar with the matter said BOJ officials are set to consider a quarter percentage point increase to the benchmark interest rate this month and see the possibility of a further rate hike later this year. BOJ Governor Kazuo Ueda said on Wednesday that the central bank needs to keep raising interest rates in response to developments in the economy and inflation. Overnight index swaps show about a 94% chance of a move in June by the BOJ. Strategists also warn that Federal Reserve Chairman Kevin Warsh’s first policy meeting this month could jolt dollar-yen. The yen hit 160.09 against the dollar on Wednesday, its weakest level ...