Manchester United have agreed to sign the Atalanta midfielder Éderson for a fee which could rise to about £37m as they work to bolster the squad for their return to the Champions League. Éderson is in line to be the first summer arrival as United aim to provide Michael Carrick with the depth to cope with four competitions. United’s director of football, Jason Wilcox, has closely monitored the Braz...
Manchester United have agreed to sign the Atalanta midfielder Éderson for a fee which could rise to about £37m as they work to bolster the squad for their return to the Champions League. Éderson is in line to be the first summer arrival as United aim to provide Michael Carrick with the depth to cope with four competitions. United’s director of football, Jason Wilcox, has closely monitored the Brazilian’s progress in Serie A and is a keen admirer. United, having lost the experienced Casemiro, were eager to add quality in midfield and the 26-year-old fits that profile. Manuel Ugarte, who has struggled since moving to United in 2024, could be allowed to leave on loan or permanently. Personal terms are not thought to be a problem for Éderson, who has not been picked for the World Cup. He has spent four seasons at Atalanta, playing in the Champions League in the last two and winning the Europa League in 2024. Éderson is unlikely to be United’s only midfield signing. Nottingham Forest’s Elliot Anderson is another option but is thought to favour a move to Manchester City, and Real Madrid’s Aurélien Tchouaméni is also under consideration.
The NVIDIA Vera Rubin platform. From Chips to Full-Stack AI Factories What began with GPUs has expanded into full-stack AI factories comprising accelerated compute, high-speed interconnects, liquid-cooled systems, inference software, autonomous agents, reference architectures and the ecosystem needed to build and operate them at scale. Full-stack AI factories are part of the broader ecosystem that...
The NVIDIA Vera Rubin platform. From Chips to Full-Stack AI Factories What began with GPUs has expanded into full-stack AI factories comprising accelerated compute, high-speed interconnects, liquid-cooled systems, inference software, autonomous agents, reference architectures and the ecosystem needed to build and operate them at scale. Full-stack AI factories are part of the broader ecosystem that NVIDIA is helping define and build. NVIDIA closely collaborates with global system partners such as Cisco, Dell, HPE, Lenovo and Supermicro to bring AI infrastructure to enterprise data centers. NVIDIA also relies on a curated ecosystem of AI software partners to build AI solutions for each enterprise’s use cases. This ecosystem supports a choice of models, across proprietary and open options. These AI factories can be deployed for a wide range of use cases, from agentic AI workloads to physical AI and robotics. Every organization in every industry — from financial services and life sciences to manufacturing and the public sector — will need to build or rent an AI factory. NVIDIA runs its own enterprise AI factory to accelerate development across the company, with hundreds of autonomous AI agents assisting engineering, software and operations teams. It’s a practical proof point: AI factories can transform how companies build, design and operate. They can increase productivity inside the enterprise, turning AI from an occasional tool into a capability woven directly into daily work. AI factories can start small to support one business unit or workload, or they may be built from the ground up to support high-performance AI inference and training at massive scale. NVIDIA DSX reference designs unify design, simulation, operations and ecosystem technologies to build gigawatt-scale AI factories at the lowest token cost per megawatt. Building these gigawatt-scale AI factories requires a lot more than optimized compute. It requires a shared digital environment where facility desig...
伊朗局勢｜特朗普反對中俄接收伊朗濃縮鈾庫存 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】美國總統特朗普強調與伊朗的談判進展順利，又警告任何協議必須完美，否則暗示會用軍事手段實現目標。 特朗普：「（你會否接受僅要...
伊朗局勢｜特朗普反對中俄接收伊朗濃縮鈾庫存 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】美國總統特朗普強調與伊朗的談判進展順利，又警告任何協議必須完美，否則暗示會用軍事手段實現目標。 特朗普：「（你會否接受僅要求與伊朗就鈾問題進行進一步談判的協議嗎？）不，基本上我會接受有些內容，因為這是旨在加快速度的諒解備忘錄，其中一項成果是立即重開霍爾木茲海峽，但這必須做到完美，我不會就此而達成糟糕的協議。」 特朗普表明反對中國和俄羅斯接收伊朗的濃縮鈾庫存，指這樣做令他感到不安，堅持在伊朗履行承諾前都不會放寬制裁及解凍伊朗資產。他又暗示除非其他中東國家同意加入與以色列關係正常化的亞伯拉罕協議，否則或拒絕與伊朗達成協議，認為這些國家有義務這樣做。」
Generated Net Profit of $1.6 Million Delivered 28% YoY Revenue Growth to $131 Million EV Insurance Premiums Grew 43% YoY Third Consecutive Quarter of Profitability NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in AI-powered auto insurance and auto services, today announced financial results for the quarter en...
Generated Net Profit of $1.6 Million Delivered 28% YoY Revenue Growth to $131 Million EV Insurance Premiums Grew 43% YoY Third Consecutive Quarter of Profitability NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in AI-powered auto insurance and auto services, today announced financial results for the quarter ended March 31, 2026. "SunCar had an excellent quarter delivering its third consecutive quarter of profitability and 28% year over year revenue growth,” said Zaichang Ye, Chairman and CEO of SunCar. “Deeper integration with our EV partners continues to fuel growth in insurance, major enterprise deals are landing in auto services, and our AI partnership with ByteDance Doubao continues to differentiate our platform in the market.” First Quarter 2026 Financial Results Total revenue increased 28% to $131.2 million in the first quarter of 2026 compared to $102.6 million in the first quarter of 2025. Net income was $1.6 million in the first quarter of 2026 compared to a net loss of $3.6 million in the prior year period. Adjusted EBITDA was $4.5 million in the first quarter of 2026, from a negative $1.3 million in the prior year period. Adjusted EBITDA margin improved to 3.4% in the first quarter of 2026 from a negative 1.3% in the prior year period. Auto eInsurance revenue increased 36% to $62.3 million, compared to $45.9 million in the prior year period. Technology Services revenue increased 43% to $15.3 million, up from $10.7 million in the prior year period. Auto Service revenue increased 16% to $53.5 million, compared to $46.0 million for the prior year period. Operating costs and expenses increased 21% to $128.2 million, up from $105.6 million in the prior year period. Integrated service costs increased 35% to $65.2 million, from $48.4 million in the prior year period. Promotional service expenses increased 29% to $57.8 million, from $44.7 million in the prior year period. Sel...
The UK will get no special treatment in its future economic relationship with the EU, European ministers have said, in a further blow to Keir Starmer’s hopes of negotiating a single market for goods. The EU’s ministers for Europe, who met on Tuesday, said they wanted deeper cooperation with the UK, but this had to be in line with fundamental principles, including no cherrypicking of EU policies, a...
The UK will get no special treatment in its future economic relationship with the EU, European ministers have said, in a further blow to Keir Starmer’s hopes of negotiating a single market for goods. The EU’s ministers for Europe, who met on Tuesday, said they wanted deeper cooperation with the UK, but this had to be in line with fundamental principles, including no cherrypicking of EU policies, according to three diplomatic sources, who spoke about the private discussions. The Guardian revealed last week that the government had pitched the creation of a single market for goods between the UK and EU to Brussels, but the proposal was rejected by EU officials. A single market for goods, long hinted by the prime minister and chancellor Rachel Reeves, would be a radical departure for the EU. Since the Brexit vote nearly a decade ago EU leaders have said that the single market encompasses four freedoms: free movement of goods, services, capital and people. Europe ministers had no appetite for the British proposal of free movement of goods only, although the idea was only briefly mentioned at Tuesday’s meeting, EU sources said. “Member states reaffirmed the established legal framework underpinning the relationship and negotiations, with continued emphasis on the indivisibility of the four freedoms, balance of right and obligations, autonomy of EU decision making and the avoidance of cherrypicking,” an EU diplomat said. The diplomat said the EU commissioner in charge of UK relations, Maroš Šefčovič, had concluded “that the EU remains united in its ambition to deepen ties, while the UK’s red lines are increasingly constraining progress”. The European Commission was contacted for comment. France has said it would be willing to welcome the UK back to the European single market and customs union, reflecting the changed geopolitical landscape since Brexit. EU officials have also stressed that a customs union or alignment with the single market remains available to the UK. But s...
BP's former Chairman Albert Manifold says he was fired without warning or explanation and will challenge the company's version of events. Manifold was fired on Tuesday after eight months on the job, as Ruth David explains. (Source: Bloomberg)
BP's former Chairman Albert Manifold says he was fired without warning or explanation and will challenge the company's version of events. Manifold was fired on Tuesday after eight months on the job, as Ruth David explains. (Source: Bloomberg)
Funtap/iStock via Getty Images Real estate investment trusts ( USRT ) ( VNQ ) are charting their own course this year, defying expectations by posting strong gains even as treasury yields climb. Despite the 10-year treasury ( US10Y ) rising considerably in 2026, REITs have delivered impressive returns, climbing 10% on average through the first half of 2026. According to Jussi Askola , investing gr...
Funtap/iStock via Getty Images Real estate investment trusts ( USRT ) ( VNQ ) are charting their own course this year, defying expectations by posting strong gains even as treasury yields climb. Despite the 10-year treasury ( US10Y ) rising considerably in 2026, REITs have delivered impressive returns, climbing 10% on average through the first half of 2026. According to Jussi Askola , investing group leader of High Yield Landlord, this decoupling from interest rates reflects a maturing investor understanding of the sector. “REITs are becoming more independent now from what happens to interest rates,” Askola said in a recent Investing Experts podcast . He pointed to the sector’s conservative leverage as a key factor, noting that “REIT leverage is historically low. It’s at about just about 35% LTVs on average. And that’s very conservative. It’s the equivalent of buying your own home with a 65% down payment.” But interest rate resilience is only part of the story. A new driver has emerged: the so-called “AI immunity trade.” According to institutional investor Hazelview, capital is rotating away from AI-disrupted sectors like SaaS companies toward AI-resistant assets like real estate. “I don’t think there’s anything better than REITs from that perspective, given that they own real assets that remain essential to the survival and prosperity of our society,” Askola explained. “AI will not change the fact that we’ll always need a roof over our head.” With valuations still relatively low, Askola sees further upside ahead even if rates continue rising. More on Vanguard Real Estate Index Fund ETF, iShares US Real Estate ETF, etc. Weekly Market Pulse: The Real Deal The REIT Bear Case Is Breaking Down U.S. Dollar Debasement - What Our Assets Are Actually Worth Watch top & bottom Quant-rated REIT small-cap stocks post Q1 earnings season REIT stocks Q1 wrap-up: Here are top mid-cap quant-rated winners and losers
Earlier this month, Hippocratic AI announced that its Polaris system surpassed 10 million patient calls with a 99.9% clinical safety score, all running on DigitalOcean’s AI-Native Cloud powered by NVIDIA HGX B300 GPUs. This achievement highlights DigitalOcean’s growing role as an infrastructure provider for safety-critical healthcare AI workloads that require low latency, reliability, and large-sc...
Earlier this month, Hippocratic AI announced that its Polaris system surpassed 10 million patient calls with a 99.9% clinical safety score, all running on DigitalOcean’s AI-Native Cloud powered by NVIDIA HGX B300 GPUs. This achievement highlights DigitalOcean’s growing role as an infrastructure provider for safety-critical healthcare AI workloads that require low latency, reliability, and large-scale concurrency. We’ll now examine how powering Hippocratic AI’s large-scale healthcare workloads could influence DigitalOcean’s investment narrative around AI-driven growth. Capitalize on the AI infrastructure supercycle with our selection of the 47 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. DigitalOcean Holdings Investment Narrative Recap To own DigitalOcean, you have to believe its simplified cloud and AI-native platform can keep attracting fast-growing startups and AI builders, while expanding into larger, more complex workloads. Hippocratic AI’s 10 million safety-critical calls on DigitalOcean reinforces the AI catalyst by showcasing real-world, scaled usage, but it does not remove key near-term risks around hyperscaler competition and the heavy investment required to support GPU-intensive AI infrastructure. The Hippocratic AI milestone ties directly into DigitalOcean’s April launch of its AI-Native Cloud and Inference Engine, which are designed for production AI workloads rather than experimentation. That earlier rollout framed AI/ML as a fast-growing but still relatively small business; Hippocratic’s results now provide a concrete proof point against those ambitions, potentially influencing how durable investors view AI-driven demand and the payoff on recent capital investments. Yet behind the impressive growth story, investors still need to be aware of the risk that rising AI infrastructure costs could... Read the full narrative on DigitalOcean Holdings (it's free!) DigitalOcean Holdings’ narrative projects...
Key Takeaway Nvidia remains the dominant force in the AI chip market, commanding an estimated 85% to 92% share of the AI accelerator market as we move through 2026. The company stands at the epicenter of an unprecedented technological transformation, with hyperscalers projected to spend over $380 billion on AI infrastructure in 2025 alone. However, investors must weigh this dominant position again...
Key Takeaway Nvidia remains the dominant force in the AI chip market, commanding an estimated 85% to 92% share of the AI accelerator market as we move through 2026. The company stands at the epicenter of an unprecedented technological transformation, with hyperscalers projected to spend over $380 billion on AI infrastructure in 2025 alone. However, investors must weigh this dominant position against emerging competitive threats, valuation concerns, and the evolving landscape of custom silicon solutions from major cloud providers. The investment thesis for Nvidia extends far beyond mere GPU unit sales. According to CEO Jensen Huang's statements at GTC 2026, the revenue opportunity for Nvidia's artificial intelligence chips may reach at least $1 trillion through 2027. This staggering figure reflects not just hardware sales but the increasingly sophisticated software ecosystem, networking solutions, and enterprise AI platforms that Nvidia has built around its core chip business. The company's CUDA software platform has created significant moats that competitors struggle to overcome, making Nvidia not just a chip manufacturer but a comprehensive AI infrastructure provider. Yet prudent investors must acknowledge the risks. Custom silicon now represents 20.9% of the AI chip market in 2025 and is expected to expand to 27.8% by 2026, posing a long-term threat to Nvidia's market share. Additionally, the stock's valuation remains elevated, requiring continued execution and market expansion to justify current prices. For those considering a position, dollar-cost averaging and a long-term horizon appear prudent strategies in this volatile but potentially transformative sector. The AI Chip Market Explosion The artificial intelligence revolution has created one of the most significant investment opportunities of our generation, and Nvidia sits at its very heart. The sheer scale of capital flowing into AI infrastructure is difficult to comprehend. Industry analysts project that AI...
Modine Manufacturing (NYSE:MOD) executives said the company closed fiscal 2026 with another record year for revenue and adjusted EBITDA, driven by rapid growth in data center cooling and the continuing reshaping of its portfolio toward higher-growth businesses. President and Chief Executive Officer Neil Brinker said the year marked Modine’s fourth consecutive year of record revenue and adjusted EB...
Modine Manufacturing (NYSE:MOD) executives said the company closed fiscal 2026 with another record year for revenue and adjusted EBITDA, driven by rapid growth in data center cooling and the continuing reshaping of its portfolio toward higher-growth businesses. President and Chief Executive Officer Neil Brinker said the year marked Modine’s fourth consecutive year of record revenue and adjusted EBITDA. He pointed to three acquisitions — AbsolutAire, L.B. White and Climate by Design — that collectively added $119 million in incremental revenue during the year, as well as a previously announced $100 million investment to expand U.S. capacity for data center products. Brinker also highlighted a newly announced long-term capacity agreement with a strategic data center customer. Under the agreement, Modine will guarantee capacity to supply more than $4 billion of data center cooling products during calendar years 2027 through 2029. “This agreement highlights the confidence our customers have in Modine and validates our need for our current investment in capacity expansion,” Brinker said. Data center demand drives Climate Solutions results Modine’s Climate Solutions segment posted a 43% increase in full-year revenue, including acquisitions, while organic sales rose 32%. Brinker said sales to data center customers increased 73% for the year to $1.1 billion, including more than $400 million in fourth-quarter revenue. Brinker said North American chiller production increased fivefold from the prior year, despite weather-related disruptions that caused the company to lose 20 production shifts in data centers. He said Modine also shipped its first chillers from Jefferson City, Missouri, and shipped air handling units and coolant distribution units from its Franklin, Wisconsin, plant during the fourth quarter. Executive Vice President and Chief Financial Officer Michael Lucareli said Climate Solutions fourth-quarter sales rose 87% from the prior year. Data center sales increased...
Wengen Ling/iStock via Getty Images By Steffan Szumowski The nuclear sector is delivering concrete progress on multiple advanced reactor programs. Recent weeks brought a positive environmental determination for an X-Energy ( XE ) project, Nuclear Regulatory Commission (NRC) approvals for key technical documents from Oklo ( OKLO ) and Terrestrial Energy ( IMSR ), and the start of prototype manufact...
Wengen Ling/iStock via Getty Images By Steffan Szumowski The nuclear sector is delivering concrete progress on multiple advanced reactor programs. Recent weeks brought a positive environmental determination for an X-Energy ( XE ) project, Nuclear Regulatory Commission (NRC) approvals for key technical documents from Oklo ( OKLO ) and Terrestrial Energy ( IMSR ), and the start of prototype manufacturing by Curtiss-Wright ( CW ) for critical reactor components. These steps show regulatory pathways functioning more efficiently while engineering teams move designs from analysis into hardware validation. X-Energy and Dow Clear Environmental Review for Texas Project On May 18, the NRC issued an environmental assessment (EA) with a finding of no significant impact (FONSI) for the construction permit application of the Long Mott Generating Station. An EA is a review conducted by the NRC to determine if a proposed project will have significant environmental effects. The FONSI was a positive outcome. The project is a partnership between X-Energy and Dow ( DOW ) to deploy four Xe-100 high-temperature, gas-cooled reactors at Dow’s Seadrift, Texas manufacturing site. The facility would supply both electricity and high-temperature industrial steam to support Dow’s operations. The review finished ahead of typical schedules because of extensive pre-application engagement and a high-quality submittal that allowed the NRC to focus on site-specific considerations rather than fundamental design questions. This approval marks a meaningful de-risking step for what could become the first grid-scale advanced reactor serving an industrial customer in North America. Oklo and Terrestrial Energy Secure Key Topical Report Approvals Oklo announced that the NRC approved its principal design criteria topical report for the Aurora reactor project in Idaho. The approval defines fundamental safety, reliability, and performance requirements. Because the report is now approved, it can be referenced in ...
Undeveloped land in Kapolei near Kalaeloa Harbor shown here is the proposed site for an Amazon warehouse and fulfillment center. Amazon, which bought 49 acres in the area, proposes developing the project on 16 acres. Swipe or click to see more Amazon is planning to employ 1,562 people in a Kapolei warehouse and order fulfillment center with the assistance of robots if the project is approved. A Sp...
Undeveloped land in Kapolei near Kalaeloa Harbor shown here is the proposed site for an Amazon warehouse and fulfillment center. Amazon, which bought 49 acres in the area, proposes developing the project on 16 acres. Swipe or click to see more Amazon is planning to employ 1,562 people in a Kapolei warehouse and order fulfillment center with the assistance of robots if the project is approved. A Sparrow robotic arm moves merchandise at an Amazon facility in Shreveport, La. Swipe or click to see more Online retailer Amazon seeks to build a 100-foot-tall warehouse and order fulfillment center to improve package deliveries in Hawaii, but needs city permission to exceed the current 60-foot height limit for the site. Swipe or click to see more Already a Honolulu Star-Advertiser subscriber? Log in now to continue reading. The world’s largest online retailer wants to build what could be the largest warehouse in Hawaii. Amazon is seeking to develop a five-floor warehouse and order fulfillment center containing 2.8 million square feet of space at a Kapolei business and industrial park where 1,562 employees split in two daily shifts and assisted by robots would process packages for local delivery. The company, which opened a smaller package distribution facility in Kalihi Kai in 2024, has been working on what it calls “Project Savoy” for at least five years or more. To realize the massive project, Amazon is seeking an amendment to the 60-foot height limit for the property so its envisioned building can rise up to 100 feet. Amazon submitted an application for the change to the city Department of Planning and Permitting in April, and is scheduled to make a presentation about its planned project to the Makakilo-Kapolei-Honokai Hale Neighbor Board on Wednesday night. The neighborhood board agenda describes the development cost of the project at $600 million. Don't miss out on what's happening! Stay in touch with breaking news, as it happens, conveniently in your email inbox. It's ...
Obviously, with the epic run made by Micron Technology (MU) on Tuesday in response to the increased target price at UBS, the entire TheStreet Pro memory/storage basket has been in focus. In addition to Micron, Western Digital (WDC), SanDisk (SNDK) and Seagate Technology (STX) all had nice days. In fact, all four of the names have had incredible years to date and SanDisk has had an incredible run s...
Obviously, with the epic run made by Micron Technology (MU) on Tuesday in response to the increased target price at UBS, the entire TheStreet Pro memory/storage basket has been in focus. In addition to Micron, Western Digital (WDC), SanDisk (SNDK) and Seagate Technology (STX) all had nice days. In fact, all four of the names have had incredible years to date and SanDisk has had an incredible run since being spun off by Western Digital in March 2025 and trading publicly. The Sarge-folio is long of all four names in this basket, but SanDisk is the largest exposure in the Sarge-folio among the four. Incredibly, thanks to its run, which accelerated recently, SNDK is now the largest position in said portfolio and it’s not close. I mean, SNDK closed at $1,589.55 on Tuesday afternoon, and it traded higher overnight. These shares were trading with a handle in the low $500s as recently as this past March when I had to rebuild the Sarge-folio (due to divorce, no technical or fundamental reason). These shares were trading with a $37 handle a year ago on Wednesday. Tuesday On Tuesday, while Timothy Arcuri of UBS raised his firm’s target price for MU to $1,625 from $535, Thomas O’Malley of Barclays upgraded SNDK from Equal Weight (Hold-equivalent) to Overweight (Buy-equivalent). O’Malley also increased his target price for SNDK from $1,200 all the way to $2,300. O’Malley noted that he sees Memory and Storage as the most attractive vertical below Accelerators. He also believes that continued upside to pricing with supply-demand imbalance will persist through 2027. What do Arcuri and O’Malley have in common? Why have they moved markets as they have? Simple. These two guys are among the best of the best at what they do. Both are rated at five stars out of five by TipRanks. Better than that, TipRanks rates Arcuri at the number two sell-side analyst on Wall Street and O’Malley at number 26. This is out of 12,268 analysts, so yeah, they must have a strong track record. Trust me. They ...
Pope Leo XIV got the chance to sit in the driver's seat of the newly unveiled Ferrari Luce in Castel Gandolfo, Rome, Italy on 26 May. John Elkann, the chairman of the Italian brand, accompanied by other company executives and technical staff, presented the pontiff with a Ferrari steering wheel during the meeting. Ferrari test driver Raffaele de Simone knelt beside the pope while explaining the veh...
Pope Leo XIV got the chance to sit in the driver's seat of the newly unveiled Ferrari Luce in Castel Gandolfo, Rome, Italy on 26 May. John Elkann, the chairman of the Italian brand, accompanied by other company executives and technical staff, presented the pontiff with a Ferrari steering wheel during the meeting. Ferrari test driver Raffaele de Simone knelt beside the pope while explaining the vehicle's controls and driving modes to the religious leader Continue reading...
Crews were set to resume searching on Wednesday for nine workers at a Washington state paper mill where a tank imploded, but authorities said there was no hope of finding any more survivors. One person was confirmed dead and nine people were reported injured on Tuesday after a tank at Nippon Dynawave Packaging Co in Longview imploded, releasing a highly destructive chemical mixture called “white l...
Crews were set to resume searching on Wednesday for nine workers at a Washington state paper mill where a tank imploded, but authorities said there was no hope of finding any more survivors. One person was confirmed dead and nine people were reported injured on Tuesday after a tank at Nippon Dynawave Packaging Co in Longview imploded, releasing a highly destructive chemical mixture called “white liquor”. But nine other workers remained missing. Before any bodies of the missing can be recovered, crews must first stabilize the tank, which was at risk of collapsing further and leaking more of the caustic liquid. Officials said they would only work during daylight because of the dangers. While the cause remained unknown, authorities said there was no threat to the community, a Columbia River city of about 40,000 people with long ties to the Washington and Oregon paper and lumber industries. It was the second notable chemical tank failure in days on the west coast, following the evacuation of thousands of southern California residents due to a damaged tank at an aerospace plant. The sprawling Longview plant, which employs about 1,000 people, makes material for tissues, printing paper, cups, plates and cartons. The facility sits right along the river next to other timber, paper and chemical businesses. The paper mill tank was holding about 900,000 gallons (3.4m liters) of a liquid made of mostly sodium hydroxide and sodium sulfide. Known as “white liquor”, it’s used with heat to break down wood to make kraft paper, a durable material used in packaging, shopping bags and other products. Scott Goldstein, a fire chief with Cowlitz county, said Tuesday night that the tank still held about 90,000 gallons (more than 340,000 liters) of the volatile liquid. “We don’t know until we know, hopefully tomorrow, how we can stabilize the tank. Do we remove the product first? Do we stabilize the tank first or the vice versa?” Goldstein said. Following the tank’s rupture, the liquid spill...
The biggest IPO conversation right now centers on SpaceX’s reported June 12 listing. Gavin Baker, founder and Chief Investment Officer of Atreides Management, thinks investors are watching the wrong name. On a recent episode of the Invest Like the Best YouTube channel, Baker argued that Anthropic, the private AI lab behind Claude, has a more ... An Upcoming IPO Could Soon Surpass NVIDIA As The Wor...
The biggest IPO conversation right now centers on SpaceX’s reported June 12 listing. Gavin Baker, founder and Chief Investment Officer of Atreides Management, thinks investors are watching the wrong name. On a recent episode of the Invest Like the Best YouTube channel, Baker argued that Anthropic, the private AI lab behind Claude, has a more ... An Upcoming IPO Could Soon Surpass NVIDIA As The World’s Most Valuable Company (It’s Not SpaceX)
PaulMcKinnon/iStock Editorial via Getty Images Introduction Back when I last covered Abercrombie & Fitch Co. ( ANF ), I upgraded them back to a Strong Buy again, as the valuation fell well below what I consider to be the company’s fair value, as the business continued delivering record sales and issued a solid guidance, all while maintaining a debt-free balance sheet. Following yet another record ...
PaulMcKinnon/iStock Editorial via Getty Images Introduction Back when I last covered Abercrombie & Fitch Co. ( ANF ), I upgraded them back to a Strong Buy again, as the valuation fell well below what I consider to be the company’s fair value, as the business continued delivering record sales and issued a solid guidance, all while maintaining a debt-free balance sheet. Following yet another record quarter despite pressure in the Middle East, ANF has even increased its guidance in some areas, warranting a continued Strong Buy rating, especially as the company continues the double-digit buybacks while the valuation implies an unjustified discount, in my opinion. Solid Quarter Despite Pressure Abercrombie & Fitch IR ANF reported an overall good quarter given the pressure coming from the Middle East (impacting their Hollister Brands especially), with a slight miss on revenue but a solid beat on the market’s EPS expectations , marking their 14th consecutive quarter of growth, with a 2% increase in net sales (3% Americas, 24% APAC, -10% EMEA) and a drop in operating margin to 8% compared to 9.3% last year. Abercrombie & Fitch IR For Q2, ANF expects to grow between 2% and 4% in terms of net sales and a hit of ~120 bps from tariffs (expecting a 10% tariff rate for goods imported into the U.S. in Q2 and 15% thereafter), yet the company actually upgraded the 2026 outlook, estimating 3% to 5% growth in net sales (unchanged), a hit of only ~20 basis points (vs. 70 bps) from tariffs, and a similar ~$450 million in buybacks. As a note regarding tariffs, ANF says that it has applied for IEEPA tariff refunds of around $100 million, which can certainly be a significant boost. They still expect ~30 net store openings, although it comes from less openings and closures now, with 10 more remodelings than before, with the CAPEX expected at ~$225 million in CAPEX (was a range before), which is not a bad guidance overall given the ongoing Iran pressure. Abercrombie & Fitch IR Financially, b...