Good morning . Iran-US deal hopes are contending with fresh hostilities. Indonesian palm oil fruit is being left to rot. And a Japanese seasoning company is riding the AI wave. Listen to the day’s top stories . Market Snapshot Brent Crude Oil Futures $99.56 +3.6% S&P 500 7,519.12 +0.6% Xiaomi ADRs $19.30 +1.4% Market data as of 05:01 PM ET. Data is subject to provider delays. The US is touting pro...
Good morning . Iran-US deal hopes are contending with fresh hostilities. Indonesian palm oil fruit is being left to rot. And a Japanese seasoning company is riding the AI wave. Listen to the day’s top stories . Market Snapshot Brent Crude Oil Futures $99.56 +3.6% S&P 500 7,519.12 +0.6% Xiaomi ADRs $19.30 +1.4% Market data as of 05:01 PM ET. Data is subject to provider delays. The US is touting progress toward a peace deal with Iran to end the war, even amid fresh hostilities and uncertainty over the vital Strait of Hormuz, where security remained unclear after the two sides exchanged strikes overnight. The S&P 500 and Brent crude futures rose . Rubio Tries to Mend India Ties After Trump Roiled Relations Read more Xiaomi’s quarterly profit tanked after rising memory prices took a toll on its smartphone business. Suppliers prioritized advanced memory used in data centers for artificial intelligence work, sparking a shortage of conventional memory products . The company’s global smartphone shipments fell 19% in the first quarter, according to market tracker IDC. BP unexpectedly fired Chairman Albert Manifold just months into the job, citing serious concerns about “governance standards, oversight and conduct.” The UK oil major has had three chief executive officers in as many years, while Manifold’s predecessor left in 2025. His departure comes as the company seeks to turn around years of poor performance. Production of an experimental Ebola vaccine from the developers of a Covid-19 shot is expected to begin soon, with animal studies underway. Clinical trials may begin in two to three months. The infection is spreading faster in the Democratic Republic of Congo than responders can contain it, the World Health Organization warned, as suspected deaths climbed above 220. Chinese Foreign Minister Wang Yi used a United Nations address to make thinly veiled jabs at Donald Trump’s foreign policy and Washington’s approach to the global organization. “Any unilateral military act...
Key Points Vicor's raised guidance signals strong demand for AI infrastructure, and that's good news for Aehr Test Systems. Recent large orders mean Aehr has already exceeded expectations. in 2026. 10 stocks we like better than Aehr Test Systems › Aehr Test Systems (NASDAQ: AEHR) stock soared by 16.2% as of late afternoon today. The move comes as power systems company Vicor (NASDAQ: VICR) unexpect...
Key Points Vicor's raised guidance signals strong demand for AI infrastructure, and that's good news for Aehr Test Systems. Recent large orders mean Aehr has already exceeded expectations. in 2026. 10 stocks we like better than Aehr Test Systems › Aehr Test Systems (NASDAQ: AEHR) stock soared by 16.2% as of late afternoon today. The move comes as power systems company Vicor (NASDAQ: VICR) unexpectedly raised its second-quarter revenue guidance, just a month after reporting its first-quarter earnings. It's good news for the AI infrastructure sector and, in turn, Aehr Test Systems. Vicor updates guidance The company makes "modular power components and power systems for converting electrical power," and its advanced products solutions are mainly sold to hyperscalers and data centers that use them to deliver power across data center infrastructure. Vicor raised guidance on the back of "rising product revenues and royalties from an additional licensee to its patented power system technology." Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » If demand for data center-related power solutions is accelerating, then it will also be the case for power chip manufacturers, and ultimately for Aehr Test Systems. The wafer-level burn-in (WLBI) test equipment company is aggressively growing its sales to the AI infrastructure sector via test equipment for power semiconductors and AI processors. Aehr's order book is exploding In fact, Aehr reported a $41 million order from its lead hyperscaler customer about a month ago. The order took Aehr's orders to over $92 million in the second half of its fiscal 2026, a figure significantly above its previous guidance for the high end of its $60 million to $80 million range. If the Vicor news reads across as further strengthening in AI data center-related spending, then don't b...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up . In the summer of 2022, with Europe in the midst of an energy crisis following Russia’s invasion of Ukraine, Germany’s chancellor came to Canada for a visit. Olaf Scholz needed some help from allied countries with large natural gas reserves....
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up . In the summer of 2022, with Europe in the midst of an energy crisis following Russia’s invasion of Ukraine, Germany’s chancellor came to Canada for a visit. Olaf Scholz needed some help from allied countries with large natural gas reserves. Canada is just such a nation. But Justin Trudeau wasn’t all that helpful , openly questioning whether there was a business case to export Canadian liquefied natural gas directly to Europe. (The people of Alberta haven’t forgotten that, or many other things he did and said as prime minister.) Scholz and Trudeau are no longer in power, and a new sense of crisis endures in global energy markets because of the conflict in the Middle East. And there’s a new attitude in Ottawa about what’s possible. As reported first in Bloomberg News, Energy Minister Tim Hodgson will announce on Wednesday a deal to supply Germany with LNG from a new export facility on the British Columbia coast. The gas would be shipped from the Ksi Lisims project, a C$10 billion ($7.2 billion) floating facility that has already received regulatory approval, according to people familiar with the matter, speaking on condition they not be identified because the matter is still private. The buyer is SEFE, a former Gazprom unit that was nationalized by the German government after Russia’s assault on Ukraine. The Ksi Lisims project hasn’t yet reached a final investment decision to start construction. But the investor group behind it is ambitious: its plans are for a plant capable of producing 12 million metric tons a year of LNG. That’s almost as large as the first phase of LNG Canada. If it all goes ahead, it would be a win for Prime Minister Mark Carney’s efforts to expand Canada’s non-US exports — and for Germany’s efforts to ensure it never again becomes so dependent on Russian energy. Also in this newsletter: T...
Intuitive Machines (NASDAQ:LUNR), a lunar lander and space infrastructure specialist, closed Tuesday at $34.86, down 17.43%. The stock moved after initially rising on record first-quarter results and positive analyst commentary, then declining when NASA awarded key Lunar Terrain Vehicle contracts to competitors. Investors are now watching how the lost LTV work may affect growth and backlog visibil...
Intuitive Machines (NASDAQ:LUNR), a lunar lander and space infrastructure specialist, closed Tuesday at $34.86, down 17.43%. The stock moved after initially rising on record first-quarter results and positive analyst commentary, then declining when NASA awarded key Lunar Terrain Vehicle contracts to competitors. Investors are now watching how the lost LTV work may affect growth and backlog visibility. The company’s trading volume reached 47.3 million shares, which is about 231% above compared with its three-month average of 14.3 million shares. Intuitive Machines went pulbic in 2021 and has grown 261% since its IPO. How the markets moved today The S&P 500 (SNPINDEX:^GSPC) rose 0.62% to 7,519.12, while the Nasdaq Composite (NASDAQINDEX:^IXIC) advanced 1.19% to 26,656.18. Among aerospace & defense peers, Rocket Lab (NASDAQ:RKLB) closed at $143.2 (+0.87%) and AST SpaceMobile (NASDAQ:ASTS) finished at $119.7 (+13.07%), reflecting continued investor interest in space-related growth stories. What this means for investors Intuitive Machines shares reversed lower after NASA’s latest Lunar Terrain Vehicle awards went to Astrolab and Lunar Outpost, undercutting earlier optimism tied to the company’s first-quarter results. The stock initially rose after record quarterly revenue of $186.7 million, positive adjusted EBITDA of $2.7 million, and a quarter-end backlog of about $1.1 billion. The LTV decision is important because rover systems are a key part of NASA’s Artemis surface infrastructure plan. The recent awards showed that investors are now distinguishing between providers of lunar landers, mobility, delivery, and infrastructure. Intuitive Machines, meanwhile, still has a large backlog and has confirmed its 2026 revenue outlook. Moving forward, investors will watch to see whether the backlog converts into revenue and if the company secures additional NASA, defense, or commercial lunar infrastructure contracts. Should you buy stock in Intuitive Machines right now? Before yo...
Image source: The Motley Fool. Tuesday, May 26, 2026 at 4:30 p.m. ET Call participants President and Chief Executive Officer — Jaime A. Irick Chief Financial Officer — Thomas Barbato Vice President, General Counsel, and Secretary — John Howe Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Consolidated revenue -- $89.3 million, up 16%, with double-digit growth in both Ser...
Image source: The Motley Fool. Tuesday, May 26, 2026 at 4:30 p.m. ET Call participants President and Chief Executive Officer — Jaime A. Irick Chief Financial Officer — Thomas Barbato Vice President, General Counsel, and Secretary — John Howe Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Consolidated revenue -- $89.3 million, up 16%, with double-digit growth in both Service and Distribution segments. -- $89.3 million, up 16%, with double-digit growth in both Service and Distribution segments. Full year revenue -- $331.9 million, up 19%, driven by ongoing demand in regulated end markets and supported by strategic acquisitions. -- $331.9 million, up 19%, driven by ongoing demand in regulated end markets and supported by strategic acquisitions. Service segment organic revenue growth -- 7% in the fiscal fourth quarter; service revenue growth marked the 68th consecutive fiscal quarter of year-over-year expansion. -- 7% in the fiscal fourth quarter; service revenue growth marked the 68th consecutive fiscal quarter of year-over-year expansion. Service segment total revenue growth -- 18% in the fiscal fourth quarter, 20% for the year, including impact from acquisitions such as ESCO Calibration and SCM Metrology and Laboratories. -- 18% in the fiscal fourth quarter, 20% for the year, including impact from acquisitions such as ESCO Calibration and SCM Metrology and Laboratories. Distribution segment revenue growth -- 11% in the fiscal fourth quarter, 18% for the year, propelled by rentals and product sales performance. -- 11% in the fiscal fourth quarter, 18% for the year, propelled by rentals and product sales performance. Consolidated gross profit -- $30.5 million in the fiscal fourth quarter, up 18%; gross margin expanded 50 basis points to 34.1% for the quarter and year. -- $30.5 million in the fiscal fourth quarter, up 18%; gross margin expanded 50 basis points to 34.1% for the quarter and year. Service segment gross margin -- 35.5% in the fis...
Formal identification has not yet taken place, but Lancashire Police said: "We believe it to be the body of the missing boy." The force said the death was not believed to be suspicious and a file would be passed to the coroner. The boy's family are being supported by specially trained officers.
Formal identification has not yet taken place, but Lancashire Police said: "We believe it to be the body of the missing boy." The force said the death was not believed to be suspicious and a file would be passed to the coroner. The boy's family are being supported by specially trained officers.
When Washington, Beijing and Moscow begin to treat one another as bargaining partners again, northeast Asia feels the pressure. Taiwan, Korea, sanctions, energy routes, nuclear risks and missile defence are no longer separate theatres. They increasingly belong to one strategic conversation between the US, China and Russia. Northeast Asia itself is already being reorganised through three trilateral...
When Washington, Beijing and Moscow begin to treat one another as bargaining partners again, northeast Asia feels the pressure. Taiwan, Korea, sanctions, energy routes, nuclear risks and missile defence are no longer separate theatres. They increasingly belong to one strategic conversation between the US, China and Russia. Northeast Asia itself is already being reorganised through three trilateral structures with different purposes, degrees of institutionalisation and strategic effects. Thus the region is now shaped by four layers of trilateralism: an emerging US-China-Russia great-power management; the US-Japan-South Korea deterrence partnership; China-Japan-South Korea functional cooperation; and a China-Russia-North Korea counter-alignment. Northeast Asia is not being divided by one line. It is being pulled by several overlapping triangles. Advertisement The top layer is US-China-Russia bargaining. It is not a new G3 or a concert of powers . There is no formal trilateral summit, no common secretariat and no shared doctrine for managing the region. But the logic is becoming harder to ignore. The Trump administration has shown a preference for direct leader-level engagement with both Beijing and Moscow. Beijing rejects formal G2 co-governance, but it also sees direct engagement with Washington as useful for stabilising Taiwan, maritime crises, trade and technology. Russia, meanwhile, wants direct US engagement to regain great-power recognition and shape any Ukraine settlement. Advertisement This layer functions as a pressure regulator. If US-China-Russia bargaining stabilises Taiwan, Ukraine, nuclear risk and sanctions, it can lower the temperature in northeast Asia. If it becomes opaque, transactional or dismissive of regional interests, it will make US allies, China’s neighbours and North Korea more anxious. Great-power management can lower regional tensions; great-power trading can intensify them.
DelphX Capital Markets (TSXV: DELX; OTCQB: DPXCF) on Tuesday said it launched a non-brokered private placement financing consisting of a $125,000 principal amount convertible debenture. The debenture will carry annual interest of 8%, mature one year from issuance, and be convertible into up to 2.5 million common shares at a conversion price of $0.05 per share. The offering is subject to approval b...
DelphX Capital Markets (TSXV: DELX; OTCQB: DPXCF) on Tuesday said it launched a non-brokered private placement financing consisting of a $125,000 principal amount convertible debenture. The debenture will carry annual interest of 8%, mature one year from issuance, and be convertible into up to 2.5 million common shares at a conversion price of $0.05 per share. The offering is subject to approval by the TSX Venture Exchange. Securities issued under the offering will be subject to a hold period of four months and one day from issuance. DelphX said it plans to use the net proceeds for working capital and corporate overhead. The company also clarified that, in connection with a previously announced private placement closing on April 29, it paid finder’s fees of $3,500 and issued 87,500 finder’s warrants. Each warrant is exercisable into one common share at $0.08 per share until April 22, 2028. Source: Press Release More on DelphX Capital Markets Inc. DelphX announces non-brokered private placement DelphX Capital Markets announces C$125,000 private placement Financial information for DelphX Capital Markets Inc.
KanawatTH/iStock via Getty Images I bought Fabrinet ( FN ) for my portfolio once. I bought it in 2024. In my eyes, that was a very different business then. I think it had a different value proposition for investors. I bought it because I believed its business model would be much more important. And it seems to me that I was right. If you need a reminder of what FN does, here's their description fr...
KanawatTH/iStock via Getty Images I bought Fabrinet ( FN ) for my portfolio once. I bought it in 2024. In my eyes, that was a very different business then. I think it had a different value proposition for investors. I bought it because I believed its business model would be much more important. And it seems to me that I was right. If you need a reminder of what FN does, here's their description from FN's website : Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, industrial lasers and sensors. Fabrinet offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and test. Fabrinet focuses on production of high complexity products in any mix and volume. And I still believe FN's services will address the hottest sectors in the market. When I realized that FN covers high-tech sectors , I was very optimistic. And I still am about their business model and growth. FN's Investor Presentation I listened to the last Earnings Call . And I see that the management confirms my generally positive outlook on FN's business. In fact, I see they scored a record-breaking quarter. And I know that the supply-to-demand relationship keeps working in FN's favor. Here's how the CEO commented on that: We delivered an outstanding financial performance in the third quarter along with several notable achievements that we believe can extend our strong growth trends into the fourth quarter and fiscal year 2027. (...) Looking at our quarter by product area, Optical Communications revenue growth increased to 35% from a year ago. This was driven by a 55% year-over-year growth in Telecom revenue, which was...
Researchers are building AI-powered robot labs. What does this mean for science? Thanks to new technologies like artificial intelligence, scientists are increasingly freed from the constraints of the laboratory. It raises questions about how much humans should outsource to robots. Technology Researchers are building AI-powered robot labs. What does this mean for science? AI robot lab Listen · 4:39...
Researchers are building AI-powered robot labs. What does this mean for science? Thanks to new technologies like artificial intelligence, scientists are increasingly freed from the constraints of the laboratory. It raises questions about how much humans should outsource to robots. Technology Researchers are building AI-powered robot labs. What does this mean for science? AI robot lab Listen · 4:39 4:39 Thanks to new technologies like artificial intelligence, scientists are increasingly freed from the constraints of the laboratory. It raises questions about how much humans should outsource to robots. Sponsor Message Sponsor Message
Forgent Power Solutions ( FPS ) on Tuesday announced a public offering of its Class A common stock. The offering consists of 23.74M shares of Class A common stock being offered by parent entities of the company controlled by Neos Partners and 11.25M shares of Class A common stock being offered by Forgent. In addition, the selling stockholders and the company intend to grant the underwriters a 30-d...
Forgent Power Solutions ( FPS ) on Tuesday announced a public offering of its Class A common stock. The offering consists of 23.74M shares of Class A common stock being offered by parent entities of the company controlled by Neos Partners and 11.25M shares of Class A common stock being offered by Forgent. In addition, the selling stockholders and the company intend to grant the underwriters a 30-day option to purchase up to an additional 3.49M shares and 1.75M shares, respectively, of Class A common stock at the public offering price, less underwriting discounts and commissions. Forgent will not receive any proceeds from the sale of shares by the Selling Stockholders, and the net proceeds Forgent receives from the sale of its shares will be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners. More on Forgent Power Solutions, Inc. Forgent Power Solutions: Powering On Post Its Public Offering Forgent projects $1.35B-$1.39B FY 2026 revenue with Q4 adjusted EBITDA of $100M-$110M Forgent Power Solutions surges to record high as revenue crushes expectations, guidance jumps