Into the Woodchipper: A Whistleblower's Account of How the Trump Administration Shredded USAID. '/> Nicholas Enrich, on staff at the U.S. Agency for International Aid under 4 administrations, talks about Into the Woodchipper: A Whistleblower's Account of How the Trump Administration Shredded USAID. (Image credit: Simon & Schuster)
Into the Woodchipper: A Whistleblower's Account of How the Trump Administration Shredded USAID. '/> Nicholas Enrich, on staff at the U.S. Agency for International Aid under 4 administrations, talks about Into the Woodchipper: A Whistleblower's Account of How the Trump Administration Shredded USAID. (Image credit: Simon & Schuster)
(RTTNews) - While reporting financial results for the fourth quarter on Monday, Graham Corp. (GHM) initiated its revenue guidance for the full-year 2027 between $285 million and $295 million.
(RTTNews) - While reporting financial results for the fourth quarter on Monday, Graham Corp. (GHM) initiated its revenue guidance for the full-year 2027 between $285 million and $295 million.
MF3d American Battery Technology ( ABAT ) up 31.8% pre-market Monday after saying it won its appeal with the U.S. Department of Energy to reinstate its grant award supporting the $115M construction of phase one of its lithium refinery at the Tonopah Flats lithium project in Nevada. The grant was reinstated in its entirety, with no change to funds awarded, to technical and commercial milestones, th...
MF3d American Battery Technology ( ABAT ) up 31.8% pre-market Monday after saying it won its appeal with the U.S. Department of Energy to reinstate its grant award supporting the $115M construction of phase one of its lithium refinery at the Tonopah Flats lithium project in Nevada. The grant was reinstated in its entirety, with no change to funds awarded, to technical and commercial milestones, the company said. American Battery Technology ( ABAT ) was selected in October 2022 for the five-year DoE grant to support the construction of the commercial-scale refinery with an initial capacity of 5K metric tons/year of battery-grade lithium hydroxide, then completed the first two years of the contracted grant, and was selected by the White House’s National Energy Dominance Council for fast-track permitting as a critical mineral priority project; however, the project was of several DoE grants that received a termination notice in October 2025. The company submitted an appeal and entered the informal dispute resolution process with the DoE; following technical and commercial reviews and a final meeting in December 2025, the DoE has concluded that "recission of the termination notice and continuation of the project is warranted," the company said. More on American Battery Technology American Battery Technology: The First Positive Gross Margin Under The Dilution Treadmill American Battery Technology: Prove The Process Seeking Alpha’s Quant Rating on American Battery Technology
Sometimes the most interesting investment ideas are ones the pitcher admits could go to zero. That is exactly the setup analyst Daniel Velasquez laid out on the We Study Billionaires podcast when he made the case for Wix.com (NASDAQ:WIX), the Israeli website builder turned AI-driven app platform. Velasquez was candid: he “wouldn’t be surprised” if ... When The Bull Case for a Company Starts With “...
Sometimes the most interesting investment ideas are ones the pitcher admits could go to zero. That is exactly the setup analyst Daniel Velasquez laid out on the We Study Billionaires podcast when he made the case for Wix.com (NASDAQ:WIX), the Israeli website builder turned AI-driven app platform. Velasquez was candid: he “wouldn’t be surprised” if ... When The Bull Case for a Company Starts With “I Wouldn’t Be Surprised If It Goes to Zero,” I Pay Attention
In this article MRVL .SPX .IXIC Follow your favorite stocks CREATE FREE ACCOUNT Jonathan Raa | Nurphoto | Getty Images Marvell Technology was up almost 9% in premarket trading on Monday after it was announced that the AI chipmaker would be joining the benchmark S&P 500 index. The semiconductor company, which trades on the Nasdaq , will join the broad-market index on June 22 and will sit alongside ...
In this article MRVL .SPX .IXIC Follow your favorite stocks CREATE FREE ACCOUNT Jonathan Raa | Nurphoto | Getty Images Marvell Technology was up almost 9% in premarket trading on Monday after it was announced that the AI chipmaker would be joining the benchmark S&P 500 index. The semiconductor company, which trades on the Nasdaq , will join the broad-market index on June 22 and will sit alongside the 500 leading companies in the U.S., S&P Global said in a press release on Friday . Marvell was last seen up 8.8% in premarket trading and is up 210% year-to-date. Electronic manufacturing company Flex is also on the list of firms joining the S&P 500 later this month, while Pool Corp and The Campbell's Company will be removed from the index. This chip stock has more than tripled in the past year. Analysts say buy more after latest earnings Marvell, which has a market cap of $230 billion, specializes in designing high-performance chips used in global data infrastructure such as cloud computing, AI, enterprise networking, 5G carrier networks and automotive systems. The company is headquartered in Santa Clara, California and was founded in 1995. Nvidia' s CEO Jensen Huang touted the firm as the "next trillion-dollar company," while on stage with Marvell's CEO Matthew Murphy at Computex Week in Taipei last week. The company surged 32.5% the following day, June 2, its biggest one-day gain ever. Marvell stock soars 32% as Nvidia's Huang says it could be the next trillion-dollar company Nvidia announced a $2 billion investment in Marvell in March. Huang said the partnership will make it easier for customers to build on its AI infrastructure system. In its first-quarter earnings for 2026 , Marvell beat analyst estimates and posted $2.4 billion in revenue, while projecting additional revenue growth through the year on strength in its data center operations. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Medtronic (NYSE: MDT) is one of the world's largest medical technology companies, but it spent years on the outside looking in at the robotic-assisted surgery market. That officially changed in December 2025, when the U.S. Food and Drug Administration (FDA) approved its Hugo robotic-assisted surgery platform for urologic procedures. A couple of months later, doctors at the Cleveland Clinic success...
Medtronic (NYSE: MDT) is one of the world's largest medical technology companies, but it spent years on the outside looking in at the robotic-assisted surgery market. That officially changed in December 2025, when the U.S. Food and Drug Administration (FDA) approved its Hugo robotic-assisted surgery platform for urologic procedures. A couple of months later, doctors at the Cleveland Clinic successfully used it for the first time. The FDA's approval indicates use for prostatectomy, nephrectomy, and cystectomy procedures. Hospitals perform approximately 230,000 of these annually in the United States. Image source: Getty Images. Continue reading
Earnings growth driven by the artificial intelligence buildout will lead the S & P 500 to cross the 8,000 mark in 2026, according to Citi. The bank raised its year-end target for the broad index to 8,100 in a Friday note. That's a more than 9.5% gain from Friday's close. Citi's previous target for the S & P was 7,700. Strategist Scott Chronert now projects earnings of $350 per share for the S & P ...
Earnings growth driven by the artificial intelligence buildout will lead the S & P 500 to cross the 8,000 mark in 2026, according to Citi. The bank raised its year-end target for the broad index to 8,100 in a Friday note. That's a more than 9.5% gain from Friday's close. Citi's previous target for the S & P was 7,700. Strategist Scott Chronert now projects earnings of $350 per share for the S & P in 2026, with that number rising to $400 in 2027. "AI tailwinds are fueling an episodic fundamental surge across related sectors," Chronert wrote in the note. "We have high confidence in continued earnings beats through year-end." .SPX YTD mountain S & P 500 year-to-date. He noted that positive surprises on earnings in the first quarter were unusually high . Chronert doesn't expect that level of beats to continue, but he still forecasts a larger-than-normal positive surprise rate in the coming quarters' financial reports. Chronert also said that earnings will surpass valuation expansion as the driver of the index. He added that while volatility will likely appear through events like the U.S.-Iran war , inflation heating up and questions over the future path of interest rates , AI spending is the focus for investors. While investors are nervous about an AI bubble, Chronert thinks the market isn't anywhere near done with obsessing over the technology's growth. "We presume that fundamentals and related price action tell us we're in middle innings," he wrote. "In turn, both trailing and forward PEs should be expected to moderate going forward, thus increasing the burden on earnings growth and related expectation to drive index price action."
Bending Spoons , which owns digital applications like Vimeo, Evernote and AOL, filed for an initial public offering, joining a string of European tech companies seeking US listings. The Milan-based app developer had net income $27.5 million on revenue of $601 million for the first three months of 2026, compared with a net loss of $112 million on revenue of $259 million a year earlier, according to...
Bending Spoons , which owns digital applications like Vimeo, Evernote and AOL, filed for an initial public offering, joining a string of European tech companies seeking US listings. The Milan-based app developer had net income $27.5 million on revenue of $601 million for the first three months of 2026, compared with a net loss of $112 million on revenue of $259 million a year earlier, according to its filing Monday with the US Securities and Exchange Commission. The company was valued at about $14.5 billion in 2025, after a funding round comprised of $270 million in primary capital and $440 million in secondary capital and $2.8 billion debt package, according to PitchBook data. Bending Spoons grew monthly active users to 500 million in March from 111 million in December 2023, the filing showed. Monthly paying customers went to nine million from three million over that stretch. The company, named after the concept of bending spoons with the mind as shown in the 1990s cult-classic The Matrix , has been acquiring apps and websites like AI photo enhancer Remini, data transfer service WeTransfer and local groups finder Meetup and turning them around. The offering is being led by Goldman Sachs Group Inc., JPMorgan Chase & Co., and Allen & Co. The shares are expected to trade on the Nasdaq Global Select Market under the symbol BSP. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here .
In an aerial view, a residential neighborhood is seen on June 4, 2026 in Pembroke Pines, Florida. Joe Raedle | Getty Images USAA said it will deliver nearly $1 billion in combined savings and returns to eligible Florida members, including a $500 million dividend, CNBC can exclusively report. The insurer credits Florida's civil litigation and tort reforms as a key reason it can send money back to p...
In an aerial view, a residential neighborhood is seen on June 4, 2026 in Pembroke Pines, Florida. Joe Raedle | Getty Images USAA said it will deliver nearly $1 billion in combined savings and returns to eligible Florida members, including a $500 million dividend, CNBC can exclusively report. The insurer credits Florida's civil litigation and tort reforms as a key reason it can send money back to policyholders. USAA says its legal costs declined after Florida moved to curb what insurers have long described as legal system abuse. In 2023, Florida passed tort reforms that shortened the statute of limitations to two years, eliminated so-called phantom damages and ended one-way attorney fee awards. Those changes were designed to reduce incentives for excessive litigation, particularly in insurance claims. Since then, the litigation numbers have shifted sharply. Auto glass lawsuits fell from about 24,000 in the second quarter of 2023 to roughly 2,600 in the same period of 2024, according to a Milliman white paper cited by USAA. Florida had ranked second nationally for "nuclear verdict" payouts from 2009 to 2022, but dropped to tenth by 2024, according to Milliman. The trend is also visible in homeowners insurance. Just before the reforms passed, 76% of the nation's homeowners insurance lawsuits originated in Florida, even though the state accounted for only 9% of U.S. homeowners, according to the R Street Institute. New homeowners insurance lawsuits opened in Florida fell from 79.9% of the nationwide total in 2018 to 71.5% in 2023, with filings continuing to decline by double digits in 2024, according to R Street data. Insurance litigation filings in Florida fell 23% year over year from 2023 to 2024 and remained below pre-2018 levels, according to a 2025 statement from Florida Gov. Ron DeSantis' office. Legal defense costs paid by insurers also dropped dramatically, falling to $107 million in 2024 from an all-time high of $3.46 billion in 2023, according to Florida's Offi...
Singer-songwriter Talay Riley worked on tracks for stars including Tinie Tempah, Britney Spears and Craig David Stormzy and Oritsé Williams are among the artists who have paid tribute to the singer-songwriter Talay Riley, who was stabbed to death in Silvertown, east London. The 35-year-old musician, whose real name was Mark Orabiyi, was found with stab wounds by paramedics on the morning of 5 June...
Singer-songwriter Talay Riley worked on tracks for stars including Tinie Tempah, Britney Spears and Craig David Stormzy and Oritsé Williams are among the artists who have paid tribute to the singer-songwriter Talay Riley, who was stabbed to death in Silvertown, east London. The 35-year-old musician, whose real name was Mark Orabiyi, was found with stab wounds by paramedics on the morning of 5 June and pronounced dead at the scene. Continue reading...
(RTTNews) - Monday, Best Buy Co., Inc. (BBY) announced a partnership with Meta Platforms Inc. (META) to introduce Meta Lab at over 50 of its stores this summer, with the first one set to open in June, offering an elevated customer experience.
(RTTNews) - Monday, Best Buy Co., Inc. (BBY) announced a partnership with Meta Platforms Inc. (META) to introduce Meta Lab at over 50 of its stores this summer, with the first one set to open in June, offering an elevated customer experience.