The US Department of Commerce on Sunday moved to close a year-old potential loophole it had created that may have led companies to export the world’s most advanced chips – such as Nvidia’s most sophisticated Rubin and Blackwell processors, as well as AMD’s MI350x – to Chinese entities located outside China. The unexpected guidance suggests the United States’ best artificial intelligence chips may...
The US Department of Commerce on Sunday moved to close a year-old potential loophole it had created that may have led companies to export the world’s most advanced chips – such as Nvidia’s most sophisticated Rubin and Blackwell processors, as well as AMD’s MI350x – to Chinese entities located outside China. The unexpected guidance suggests the United States’ best artificial intelligence chips may have been making their way to the subsidiaries of Chinese AI firms based in places such as Malaysia...
Berkshire Buys Taylor Morrison For $6.8 Billion In First Big Deal Under Greg Abel Less than a month after we mused at Berkshire's most recent cash hoard which as of March 31 stood just shy of $400 billion, and wondered who Warren Buffett's replacement Greg Abel will acquire first ... ... we got the answer on Sunday afternoon, when Berkshire announced it will acquire homebuilder Taylor Morrison Hom...
Berkshire Buys Taylor Morrison For $6.8 Billion In First Big Deal Under Greg Abel Less than a month after we mused at Berkshire's most recent cash hoard which as of March 31 stood just shy of $400 billion, and wondered who Warren Buffett's replacement Greg Abel will acquire first ... ... we got the answer on Sunday afternoon, when Berkshire announced it will acquire homebuilder Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion . Which means that after the deal, Berkshire still has $390 billion in T-bills collecting about 3.5%. The offer of $72.50 per common share represents a 24% premium to the home builder’s latest closing price on Friday. The deal is expected to close in the second half of this year. Taylor Morrison is one of the largest community developers and homebuilders in the US and also offers financial services like home loans, titles, escrow and insurance to consumers, according to the statement . The firm has more than 350 communities across 12 states. The existing Taylor Morrison management team, including Chief Executive Officer Sheryl Palmer, will continue to lead the firm, according to the statement. “We are excited to welcome Taylor Morrison into Berkshire’s portfolio,” Greg Abel, chief executive officer of Berkshire Hathaway, said in a statement Sunday . “Over time, we expect to unify our site-built homebuilding operations into a combined platform enabling us to deliver the dream of homeownership to more Americans.” This is the first multibillion-dollar acquisition under Abel, who took over Berkshire Hathaway earlier this year after Warren Buffett retired last year. While investors have been satisfied with Abel’s command over the sprawling conglomerate, some have been hoping that a deal could support Berkshire’s shares, which fell 5.6% so far this year, largely due to Berkshire's lack of exposure to the AI bubble. The S&P 500 index gained 10.7% in the same period. It is unclear if the deal signals that Abel believes the bottom...
格隆汇6月1日｜伯克希尔·哈撒韦与泰勒·莫里森房屋公司（Taylor Morrison Home Corporation）周日联合宣布，双方已达成协议，伯克希尔将以全现金方式收购泰勒·莫里森，交易估值约为85亿美元。伯克希尔将以每股72.50美元的现金价格收购这家房屋建筑商，从而使泰勒·莫里森的股权估值达到约68亿美元。这一收购报价较泰勒·莫里森周五收盘价每股58.50美元溢价约24%。泰勒·莫里...
格隆汇6月1日｜伯克希尔·哈撒韦与泰勒·莫里森房屋公司（Taylor Morrison Home Corporation）周日联合宣布，双方已达成协议，伯克希尔将以全现金方式收购泰勒·莫里森，交易估值约为85亿美元。伯克希尔将以每股72.50美元的现金价格收购这家房屋建筑商，从而使泰勒·莫里森的股权估值达到约68亿美元。这一收购报价较泰勒·莫里森周五收盘价每股58.50美元溢价约24%。泰勒·莫里森成立于2013年，其主营业务涵盖住宅房屋建筑及“生活方式社区”的开发，业务范围遍及全美12个州。这笔交易突显了伯克希尔对房屋建筑领域长期以来的浓厚兴趣。此前，伯克希尔在该领域的业务重心主要集中在克莱顿房屋公司身上，该公司于2003年被伯克希尔收购。伯克希尔首席执行官格雷格·阿贝尔表示，此次收购将有助于拓宽伯克希尔的业务版图，使其涉足“现场建造房屋”（site-built homes）领域，并有望在未来逐步整合双方的运营业务。
Brazil’s state-controlled oil giant Petroleo Brasileiro SA is reducing domestic diesel prices starting Monday as part of a government subsidy program to shield consumers from the war in the Middle East. Petrobras said it will reduce its average diesel selling price to distributors by 0.3515 reais per liter beginning June 1, lowering the price by 9.6% to 3.30 reais per liter, the company said in a ...
Brazil’s state-controlled oil giant Petroleo Brasileiro SA is reducing domestic diesel prices starting Monday as part of a government subsidy program to shield consumers from the war in the Middle East. Petrobras said it will reduce its average diesel selling price to distributors by 0.3515 reais per liter beginning June 1, lowering the price by 9.6% to 3.30 reais per liter, the company said in a statement . The reduction is tied to a federal subsidy program designed to offset the reinstatement of the PIS and Cofins fuel taxes. Brazil Extends Measures to Limit Fuel Price Hikes by Two Months Petrobras Hikes Gasoline Prices After Brazil Subsidies Approved It’s the first price cut since the company raised domestic diesel prices for distributors to 3.65 reais a liter in March and comes days after Petrobras raised domestic gasoline prices for distributors.
We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Intel Corporation (NASDAQ:INTC) ranks 15th on this list. Intel Corporation (NASDAQ:INTC) is a new addition to the 13F portfolio of Situational Awareness LP. The fund declared a new stake in the company in filings for the […]
We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Intel Corporation (NASDAQ:INTC) ranks 15th on this list. Intel Corporation (NASDAQ:INTC) is a new addition to the 13F portfolio of Situational Awareness LP. The fund declared a new stake in the company in filings for the […]
On May 14, 2026, Brigade Capital Management disclosed in an SEC filing that it sold out of Nabors Industries (NYSE:NBR) , unloading 675,879 shares for an estimated $49.04 million based on quarterly average pricing. According to its SEC filing dated May 14, 2026, Brigade Capital Management sold its entire holding in Nabors Industries, disposing of 675,879 shares. The estimated transaction value for...
On May 14, 2026, Brigade Capital Management disclosed in an SEC filing that it sold out of Nabors Industries (NYSE:NBR) , unloading 675,879 shares for an estimated $49.04 million based on quarterly average pricing. According to its SEC filing dated May 14, 2026, Brigade Capital Management sold its entire holding in Nabors Industries, disposing of 675,879 shares. The estimated transaction value for the quarter was $49.04 million, based on the average unadjusted closing price from January to March 2026. The position’s quarter-end value fell by $36.70 million, capturing the impact of both trading and price changes. Nabors Industries is a leading provider of drilling and drilling-related services, operating a diversified fleet of rigs and offering advanced technology solutions for the oil and gas sector. The company leverages its scale and engineering expertise to deliver integrated services and proprietary automation tools that enhance operational efficiency for its clients. With a global footprint and a focus on innovation, Nabors Industries maintains a competitive position in the energy services industry. Continue reading
Apple isn't just looking to take on Meta in the smart glasses market; it's looking to upend eyewear as a whole, according to Bloomberg's Mark Gurman. When the Apple Watch launched, it wasn't simply competing against the Pebbles and the Motorolas of the world. The company also had Swatch, Fossil, and Seiko in its crosshairs. Similarly, Apple's smart glasses will be positioned not just against Meta ...
Apple isn't just looking to take on Meta in the smart glasses market; it's looking to upend eyewear as a whole, according to Bloomberg's Mark Gurman. When the Apple Watch launched, it wasn't simply competing against the Pebbles and the Motorolas of the world. The company also had Swatch, Fossil, and Seiko in its crosshairs. Similarly, Apple's smart glasses will be positioned not just against Meta and Samsung, but against Oakley, Ray-Ban, and Warby Parker in the $200-$500 range. Apple Watch generates an estimated $17 billion annually, but eyewear is a potentially even bigger prize. Where the watch market is worth an estimated $132 billion , a … Read the full story at The Verge.
Luckie8/iStock via Getty Images Berkshire Hathaway (BRK.A, BRK.B) agreed to acquire homebuilder Taylor Morrison Home Corp. ( TMHC ) in an all-cash transaction valued at approximately $8.5 billion, the companies announced Sunday. Under the terms of the agreement, Berkshire will pay $72.50 per share in cash for Taylor Morrison, representing a 24% premium to the company's closing stock price of $58.5...
Luckie8/iStock via Getty Images Berkshire Hathaway (BRK.A, BRK.B) agreed to acquire homebuilder Taylor Morrison Home Corp. ( TMHC ) in an all-cash transaction valued at approximately $8.5 billion, the companies announced Sunday. Under the terms of the agreement, Berkshire will pay $72.50 per share in cash for Taylor Morrison, representing a 24% premium to the company's closing stock price of $58.50 on May 29. The deal values Taylor Morrison's equity at roughly $6.8 billion and its enterprise value at approximately $8.5 billion. The acquisition is expected to close during the second half of 2026, subject to shareholder approval, regulatory clearances and other customary closing conditions. After the transaction is completed, Taylor Morrison will become a privately held company and its shares will cease trading on the New York Stock Exchange. What it means for investors The deal marks one of Berkshire Hathaway's largest acquisitions in recent years and signals a significant vote of confidence in the long-term outlook for U.S. housing despite elevated mortgage rates and affordability concerns. For Taylor Morrison shareholders, the transaction offers an immediate cash premium and removes exposure to the cyclical risks facing the homebuilding sector. For Berkshire investors, the acquisition expands the conglomerate's housing-related businesses, adding a major publicly traded homebuilder to operations that already include Clayton Homes and a range of building products companies. Taylor Morrison is one of the largest U.S. homebuilders, operating more than 350 communities across 21 markets in 12 states. The company serves buyers across entry-level, move-up and active lifestyle segments and also develops rental housing communities through its Yardly brand. It provides mortgage, title, escrow and homeowners insurance services to customers. Taylor Morrison Chief Executive Sheryl Palmer said the transaction would allow the company to pursue its growth plans with Berkshire's fin...
Social housing landlords to be able to evict perpetrators, while right-to-buy tenancy requirements to rise Social housing landlords will be able to evict domestic abuse perpetrators under a new bill, which will also increase the tenancy required before residents qualify for the right-to-buy scheme from three to 10 years in England. The government said the bill, which will be debated in the House o...
Social housing landlords to be able to evict perpetrators, while right-to-buy tenancy requirements to rise Social housing landlords will be able to evict domestic abuse perpetrators under a new bill, which will also increase the tenancy required before residents qualify for the right-to-buy scheme from three to 10 years in England. The government said the bill, which will be debated in the House of Lords on Monday, would fix “the long-term decline in social housing” and offer new protections for social tenants who were subjected to domestic abuse. Continue reading...
Good morning . China’s factory activity slows. The AI trade is reaching more Asian manufacturers. And Australians say they need at least A$1 million to retire. Listen to the day’s top stories . China’s factory activity slowed in May as disruptions from a five-day break added to pressures on global demand and input costs from the Middle East conflict. The official manufacturing PMI edged down to 50...
Good morning . China’s factory activity slows. The AI trade is reaching more Asian manufacturers. And Australians say they need at least A$1 million to retire. Listen to the day’s top stories . China’s factory activity slowed in May as disruptions from a five-day break added to pressures on global demand and input costs from the Middle East conflict. The official manufacturing PMI edged down to 50 from 50.3 in April. State-led support is moving back to center stage, Bloomberg Economics said. US Defense Secretary Pete Hegseth’s decision not to mention Taiwan at the Shangri-La Dialogue signals a softer US stance toward China as Beijing tries to reduce international focus on the issue. Japanese Defense Minister Shinjiro Koizumi, also speaking at the Singapore event, rejected China’s accusation that Tokyo is pursuing “new militarism.” SoftBank plans to invest as much as €75 billion to build 5 gigawatts of AI data center capacity in France . The commitment, which the company described as its biggest AI infrastructure investment in Europe, reflects the personal diplomacy between Emmanuel Macron and SoftBank founder Masayoshi Son, who met during the French president’s visit to Japan earlier this year. Indian Exam Board Admits to Cybersecurity Holes Found by Teen Read more Israel expanded its ground assault in Lebanon with its broadest incursion into the country in a quarter century as Hezbollah stepped up attacks on northern Israel. The US and Iran traded messages over the weekend seeking changes to a draft agreement that would extend a ceasefire and open the Strait of Hormuz, but it was unclear if the sides were making much progress. Indian authorities filed charges of criminal conspiracy and cheating against Anil Ambani-backed Reliance Communications , its senior executives and 10 bank officials. It’s the latest blow to Ambani, who faces multiple investigations. Deep Dive: Asian AI Winners With the AI trade broadening beyond the biggest chipmakers, some of Asia’s hottest...
Hong Kong simply has not developed the right mindset with respect to fire safety. Unless prompt, effective action is taken, we could be looking at more tragedies like the Wang Fuk Court disaster in Tai Po. The numbers are stark and overwhelming, yet the context from which they have been derived is even more frightening. In January and February this year, the Fire Services Department inspected some...
Hong Kong simply has not developed the right mindset with respect to fire safety. Unless prompt, effective action is taken, we could be looking at more tragedies like the Wang Fuk Court disaster in Tai Po. The numbers are stark and overwhelming, yet the context from which they have been derived is even more frightening. In January and February this year, the Fire Services Department inspected some 1,500 residential and mixed-use buildings planned at least 39 years ago. The exercise resulted in...
Oil's Peace Dividend Is Real, But Normalization Is Not A Light Switch Authored by Stephen Innes via The Dark Side Of The Boom , Markets can remove geopolitical risk premium far faster than physical energy systems can recover. The real post-war story may be strategic reserve rebuilding rather than simply falling oil prices. Canada's emerging Pacific LNG corridor highlights how Asia is increasingly ...
Oil's Peace Dividend Is Real, But Normalization Is Not A Light Switch Authored by Stephen Innes via The Dark Side Of The Boom , Markets can remove geopolitical risk premium far faster than physical energy systems can recover. The real post-war story may be strategic reserve rebuilding rather than simply falling oil prices. Canada's emerging Pacific LNG corridor highlights how Asia is increasingly seeking supply routes that bypass Hormuz altogether. The shift from efficiency to resilience could become one of the most important structural drivers of oil and LNG demand over the coming decade. The U.S.-Iran war may eventually end, but the infrastructure and energy-security investments it triggers could shape global markets for years to come. Normalization Is Not A Light Switch The market is increasingly behaving as though the U.S.-Iran war is ending and the oil market is about to return to normal. I suspect that view is only half right. The war may indeed be moving toward its final chapters, but the physical energy system does not heal as quickly as financial markets. Traders can reprice risk in minutes, while tankers, inventories, insurance markets, refinery supply chains, LNG terminals, pipelines, export infrastructure, and strategic reserves move on an entirely different clock. That distinction may ultimately become one of the defining energy trades of the next 12 months because while markets are already beginning to price the end of the conflict, they are nowhere close to pricing what comes next. Financial markets are discounting machines . They do not wait for events to occur; they attempt to price conditions months into the future. Once traders become convinced that the probability of a prolonged disruption to the Hormuz disruption is fading, the risk premium embedded in crude prices begins to evaporate immediately. Long positions accumulated during the height of the conflict are reduced. Hedges are unwound. Volatility sellers return. Systematic funds reverse posi...
We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and ASML Holding N.V. (NASDAQ:ASML) ranks 11th on this list. ASML Holding N.V. (NASDAQ:ASML) is a new addition to the 13F portfolio of Situational Awareness LP. The fund declared a new stake in the company in filings […]
We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and ASML Holding N.V. (NASDAQ:ASML) ranks 11th on this list. ASML Holding N.V. (NASDAQ:ASML) is a new addition to the 13F portfolio of Situational Awareness LP. The fund declared a new stake in the company in filings […]