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...
When Bondi left the Department of Justice at the beginning of April, she said she was excited to be entering a role in the private sector. Bondi's inclusion on the president's council, known as PCAST, is the first news of her work beyond the department.
When Bondi left the Department of Justice at the beginning of April, she said she was excited to be entering a role in the private sector. Bondi's inclusion on the president's council, known as PCAST, is the first news of her work beyond the department.
Former Democratic US president Joe Biden sued the US Department of Justice on Tuesday, seeking to bar the release of audio recordings and transcripts of private conversations with his biographer in 2016 and 2017. The lawsuit, filed in federal court in Washington, DC, comes ahead of the department’s planned June 15 release of the materials to the US House Judiciary Committee and the conservative ...
Former Democratic US president Joe Biden sued the US Department of Justice on Tuesday, seeking to bar the release of audio recordings and transcripts of private conversations with his biographer in 2016 and 2017. The lawsuit, filed in federal court in Washington, DC, comes ahead of the department’s planned June 15 release of the materials to the US House Judiciary Committee and the conservative Heritage Foundation. The foundation sought them after they were used as part of then-special counsel Robert Hur’s 2023 investigation into Biden’s handling of classified documents. Hur declined to bring criminal charges. Advertisement The department fought the Heritage Foundation’s 2024 request for the records as exempt from the Freedom of Information Act until President Donald Trump took office, the lawsuit claims. It announced it would be releasing the records in response to the committee’s request, which the lawsuit claims is meant only to skirt federal law barring their release. The lawsuit asks the court to declare the committee’s request pretextual and invalid, and permanently bar the release of the records to the committee. Advertisement A spokesperson for the Department of Justice said the department during the Biden administration sought to hide recordings that showed a decline in Biden’s cognitive abilities as far back as 2016.
(Bloomberg) -- Cognition AI Inc. has raised more than $1 billion in a new funding round at a $26 billion valuation, the latest sign of strong demand for companies using artificial intelligence for software development. Most Read from Bloomberg Venture firms Lux Capital, General Catalyst and 8VC co-led the financing, the startup is set to announce on Wednesday. Other investors including Ribbit Capi...
(Bloomberg) -- Cognition AI Inc. has raised more than $1 billion in a new funding round at a $26 billion valuation, the latest sign of strong demand for companies using artificial intelligence for software development. Most Read from Bloomberg Venture firms Lux Capital, General Catalyst and 8VC co-led the financing, the startup is set to announce on Wednesday. Other investors including Ribbit Capital, Atreides Management LP and Peter Thiel’s Founders Fund also participated. Cognition’s valuation, which includes the money raised, has more than doubled from a prior round in September. Founded in 2023, Cognition’s flagship product is an AI agent called Devin that’s designed to automate the programming process for engineers. The startup’s revenue run rate has increased to $492 million from $37 million last May, and the goal is to cross $1 billion later this year. Cognition’s growth has been driven by selling software to businesses, including Goldman Sachs Group Inc. and Mercedes-Benz Group AG, as well as several parts of the US government. OpenAI, Anthropic PBC and other leading model makers are increasingly betting on AI coding software as a lucrative and growing market. Elon Musk’s SpaceX also struck a deal last month for a possible $60 billion acquisition of Cursor, another AI coding startup. Scott Wu, Cognition’s co-founder and chief executive officer, said his company’s services are complementary to technology from larger AI labs. Cognition, he said, relies on a mix of its own models and software from OpenAI and Anthropic, and can help route customers to the best tools for their needs. “As the model layer continues to heat up and get more competitive, what we see is that working with the combination of models is actually much better than having to rely on any single model,” he said. Internally, Cognition’s team leans heavily on Devin. More than 90% of the company’s internal code is now written by the AI agent, Wu said. Though Cognition’s funding talks kicked off be...
Thousands of graduates have told an official inquiry their horror stories and bad experiences relating to student loans, underlining what the chair of an MPs’ committee called massive levels of “frustration and upset”. Amid an ongoing row over the ballooning cost of degree course debts, more than 52,000 people responded to a call for evidence by the Commons Treasury select committee as part of its...
Thousands of graduates have told an official inquiry their horror stories and bad experiences relating to student loans, underlining what the chair of an MPs’ committee called massive levels of “frustration and upset”. Amid an ongoing row over the ballooning cost of degree course debts, more than 52,000 people responded to a call for evidence by the Commons Treasury select committee as part of its inquiry into student loans and the taxation of graduates. In recent months, pressure has been building on the government to reform the student loans system, with some politicians and campaigners claiming that the interest rates and loan terms are punitive and unfair. The debate has focused on the millions of students from England and Wales who have taken out a “plan 2” loan. Many have money taken from their wages each month to repay their debt, but what they pay off is often dwarfed by the interest that is being added every month, so the sums they owe get bigger. The catalyst for the latest row was the chancellor’s decision to freeze the salary threshold for plan 2 loan repayments for three years. This threshold, above which graduates have to repay 9% of anything they earn, will now stay frozen at £29,385 until 2030. MPs invited people to contribute their experiences and views on student debt. Some claimed the interest rates were “extortionate” and “higher than my mortgage”, while others said they had been assured repayment thresholds would rise with inflation. One respondent said the repayments acted “like a tax on ambition”. Another said: “I was told it would be less than a phone bill and barely noticeable. I am now an adult paying back hundreds of pounds a month. It was a complete lie.” Of the 49,357 respondents who took out student loans, 92% said they thought the level of interest and repayment terms were “not reasonable”, while 81% said the financial impact of repaying their loan combined with the level of tax was worse than they expected. More than half (57%) said t...
Three life scientists from mainland China and France have won Hong Kong’s Shaw Prize this year for developing a therapy that has turned a rare form of leukaemia from deadly to widely curable. Professor Emerita Anne Dejean, Professor Hugues de The and Professor Chen Zhu have won in equal shares the life sciences and medicine prize of the Shaw Prize, which has been dubbed “Nobel Prize of the East”. ...
Three life scientists from mainland China and France have won Hong Kong’s Shaw Prize this year for developing a therapy that has turned a rare form of leukaemia from deadly to widely curable. Professor Emerita Anne Dejean, Professor Hugues de The and Professor Chen Zhu have won in equal shares the life sciences and medicine prize of the Shaw Prize, which has been dubbed “Nobel Prize of the East”. The three academics were recognised for their discovery of the molecular and cellular bases of acute promyelocytic leukaemia, a rare and aggressive form of blood cancer, as well as pioneering a synergistic targeted therapy that greatly reduced mortality of the disease. Advertisement Dejean, of Institut Pasteur in France, de The of College de France and Chen of Shanghai Jiao Tong University’s school of medicine, had been jointly given the Sjoberg award from the Royal Swedish Academy of Sciences for their work on acute promyelocytic leukaemia in 2018. For the Sjoberg award, the three scientists were honoured for their targeted treatment using retinoic acid and arsenic, instead of traditional chemotherapy, to treat the rare form of leukaemia. Advertisement The scientists had mapped out the molecular mechanisms of the cancer, identified a specific genetic mutation and helped destroy a faulty protein in affected cells to stop a process that could result in death for three out of four patients. With this treatment, the cancer cells disappear because they lose the ability to renew themselves.
They left London in their thousands, full of hope and devotion, heading for Paris in the springtime, yet romantic anticipation lasted all of 18 minutes, which was when Arsenal’s goalkeeper, Jens Lehmann, was sent off in the 2006 Champions League final against Barcelona at the Stade De France. Twenty years on, as Arsenal fans again travel in anticipation, this time to Budapest, for the club’s secon...
They left London in their thousands, full of hope and devotion, heading for Paris in the springtime, yet romantic anticipation lasted all of 18 minutes, which was when Arsenal’s goalkeeper, Jens Lehmann, was sent off in the 2006 Champions League final against Barcelona at the Stade De France. Twenty years on, as Arsenal fans again travel in anticipation, this time to Budapest, for the club’s second Champions League final, you could argue that Arsenal hearts have been a little broken ever since. On the surface, all looked promising in May 2006. Two years previously, the Invincibles of Patrick Vieira, Thierry Henry, Dennis Bergkamp and Robert Pires had made English football history, now Ashley Cole and Cesc Fàbregas were establishing themselves and Arsène Wenger’s knack of signing obscure talent continued with Kolo Touré, Robin van Persie and Gaël Clichy. That August the club would move into the Emirates Stadium, a seismic upheaval from playing at Highbury, but one that theoretically allowed them to challenge Manchester United for the next 20 years. Now the club just had to take the final step and win the Champions League to consolidate their reputation as a global force. The overwhelming memory of that day for those at the club at the time is profound frustration. “We were robbed,” says Keith Edelman, then managing director. “The ref shouldn’t have given him a red card.” The referee, Terje Hauge, is said to have apologised to the Arsenal delegation, for he could easily have played an advantage as Ludovic Giuly scored from the loose ball from Lehmann’s collision with Samuel Eto’o. Arsenal would have been 1-0 down, but at least with 11 men. View image in fullscreen Arsenal fans arrive at the Gare du Nord in Paris ahead of the 2006 Champions League Final. Photograph: Laurence Griffiths/Getty Images That said, they were formidable thereafter, taking the lead through Sol Campbell and hanging on until 76 minutes when Eto’o scored, with Juliano Belletti getting the winner f...
Sony Group Corp. unveiled two high-end televisions, which are likely to be the Japanese company’s last premium sets before its storied home theater business merges with TCL Electronics Holdings Ltd. next year. The Bravia 9 II and Bravia 7 II start at $3,600 and $1,600, respectively, and are being offered in a wide range of sizes, according to a statement Wednesday. Sony also introduced the Bravia ...
Sony Group Corp. unveiled two high-end televisions, which are likely to be the Japanese company’s last premium sets before its storied home theater business merges with TCL Electronics Holdings Ltd. next year. The Bravia 9 II and Bravia 7 II start at $3,600 and $1,600, respectively, and are being offered in a wide range of sizes, according to a statement Wednesday. Sony also introduced the Bravia Theater Trio, a $2,200 surround sound speaker system that competes with Sonos Inc. , Samsung Electronics Co. , and other makers of premium soundbars. All of Sony’s new products are available for preorder and will ship in June. TCL agreed earlier this year to pay 75.4 billion yen ($473 million) for a 51% stake in a new joint venture that will absorb Sony’s home entertainment unit, including Bravia televisions. The entity will formally launch in April 2027, making TVs under Sony and Bravia branding while integrating TCL’s display technology. Sony televisions have long been renowned for their proprietary image processing, which often does a better job than competing sets at matching a filmmaker’s original creative intent, down to the smallest technical details. But it’s unclear whether this signature ingredient will carry forward, and some home theater enthusiasts could be tempted to buy what they may perceive as the last true Sony TVs to come to market. “Sony’s high-quality picture and sound technologies, and design philosophies, are intended to remain an important foundation” to future TVs from the joint company, said a spokesperson in an emailed statement. “The new company intends to integrate the respective strengths of both parties in the most effective manner.” Bravia 9 II and Bravia 7 II Though the Bravia 9 II starts at $3,600 for a 65-inch set, the price climbs as high as $31,000 for a massive 115-inch model. It has an LCD panel featuring what Sony calls “True RGB” technology, which uses tiny, individually controlled red, green and blue light-emitting diodes, or LEDs, ...
The White House quarreled over the extent of its diplomatic progress with Tehran after Iranian state television suggested maritime traffic through the Strait of Hormuz could return to normal within a month of an interim peace deal. The White House called the purported memorandum a “complete fabrication” and warned not to trust Iran’s state media. Oil reversed its decline . Earlier in the day, trad...
The White House quarreled over the extent of its diplomatic progress with Tehran after Iranian state television suggested maritime traffic through the Strait of Hormuz could return to normal within a month of an interim peace deal. The White House called the purported memorandum a “complete fabrication” and warned not to trust Iran’s state media. Oil reversed its decline . Earlier in the day, traders had pushed Brent crude below $96 on renewed hope for an accord. Key points in the alleged draft included a lifting of the US blockade on Iranian ports, along with the American navy withdrawing from waters surrounding Iran. It would have given Iran and Oman a mechanism to oversee shipping in the strait — something the US has previously rejected. The White House insists vessels must be allowed to pass at their liberty. In another potential obstacle, Israel stepped up attacks on Lebanon and said its ground forces would move further into the country. Israel has increased strikes elsewhere in the country and killed the new head of the military wing of Hamas, another group allied with Tehran, in Gaza yesterday. — Philip Lagerkranser What You Need to Know Today Goldman Sachs strategists are getting more bullish on stocks , raising their year-end target for the S&P 500 to 8,000 points. Veteran markets strategist Ed Yardeni, meanwhile, said the equities rally is built upon earnings rather than momentum — coining the term “FEMO,” short for fabulous earnings momentum. But the European Central Bank chimed in with a word of caution, warning that asset prices are at risk of a sharp correction . That sentiment tracks JPMorgan’s Jamie Dimon, who also sounded a note of pessimism: “I think asset prices are high,” the CEO said today. Europe Heat Wave Triggers Tropical Nights and Soaring Fan Sales Europe’s first major heat wave of the season will scorch capitals from London to Paris and Madrid through the rest of the week, breaking temperature records and pushing up power demand. Read more...
is a senior reviewer covering TVs and audio. He has over 20 years experience in AV, and has previously been on staff at Digital Trends and Reviewed. The first wave of RGB LED TVs are fighting for their spot in the TV hierarchy. They need to outperform OLED TVs in brightness and color (because they’ll never match OLED’s contrast), and they need to outperform regular LED TVs in everything (because t...
is a senior reviewer covering TVs and audio. He has over 20 years experience in AV, and has previously been on staff at Digital Trends and Reviewed. The first wave of RGB LED TVs are fighting for their spot in the TV hierarchy. They need to outperform OLED TVs in brightness and color (because they’ll never match OLED’s contrast), and they need to outperform regular LED TVs in everything (because their price is so much higher). It’s now time for Sony to take a swing with the Bravia 7 II, which is out alongside the flagship Bravia 9 II. Both pair RGB LED backlighting with Sony’s always top-notch processing. RGB TVs like the Bravia 7 II use red, green, and blue LEDs instead of a field of all-blue or white LEDs for the backlight. This allows for an RGB LED TV to display more, and brighter, colors without as much reliance on its color filter. Sony drives each LED individually, giving its TV fine control of the color mix. The biggest potential drawback of RGB LED technology is color crosstalk, which is when one color bleeds into the color next to it. It happens because the red, green, and blue LEDs provide light for a zone that includes multiple pixels. If the majority of those pixels are supposed to be red, then the backlight will create red light and rely on the color filter to carve out the correct colors for the remaining pixels in that zone. But sometimes that red will slightly affect the pixels that aren’t red, especially if they’re a lighter color or white. Sony Bravia 7 II specs Display type: RGB LED HDR formats: Dolby Vision, HDR10, HLG OS: Google TV HDMI inputs: 2 x HDMI 2.1 (one with eARC); 2 x HDMI 2.0 Audio support: Dolby Atmos, DTS: X Gaming features: 4K/120Hz, ALLM, VRR Sizes available (inches): 50, 55, 65, 75, 85, 98 So far, examples of color crosstalk are most apparent in test patterns, and while running the Bravia 7 II through a barrage of tests, I could see evidence of it. A green rectangle would subtly create a halo into the space around it — and it ha...
The data processing agreement (DPA) — the bedrock contract companies use to evaluate how vendors handle personal data — can no longer be trusted at face value. That is the central, and arguably most alarming, conclusion of DataGrail's Privacy and AI Trends Report 2026 , released today. The San Francisco-based privacy platform analyzed 2,400 popular business software providers and found that 63.6% ...
The data processing agreement (DPA) — the bedrock contract companies use to evaluate how vendors handle personal data — can no longer be trusted at face value. That is the central, and arguably most alarming, conclusion of DataGrail's Privacy and AI Trends Report 2026 , released today. The San Francisco-based privacy platform analyzed 2,400 popular business software providers and found that 63.6% of vendors that prominently advertise AI capabilities do not disclose a third-party AI subprocessor in their legal documentation. The implication: the majority of companies purchasing AI-enabled software may be unknowingly exposing their customers' data to AI models and pipelines they never reviewed, never approved, and may not even know exist. "All software vendors are trying to move to become AI vendors, which makes sense, but the technologies are moving faster than AI governance can actually keep up," DataGrail co-founder and CEO Daniel Barber told VentureBeat in an exclusive interview ahead of the report's release. "The DPA should be the reliable document that teams use to evaluate AI risk, but based on that number, that's not enough in 2026." The finding drops into an enterprise landscape where organizations with high levels of shadow AI already experience average breach costs of $4.63 million — $670,000 more than those with low or no shadow AI, according to IBM's 2025 Cost of Data Breach Report . And it arrives in a year when U.S. states gave out $3.425 billion in privacy-related fines — more than the last five years combined — a trend Gartner expects to accelerate through 2028. How researchers uncovered the growing gap between AI vendor contracts and reality DataGrail's methodology for arriving at the 63.6% figure goes well beyond reading contracts. The company's research team cross-referenced DPA disclosures against product documentation, GitHub environments, API connections, and marketing materials for each of the 2,400 vendors in its tracking universe. Barber walk...
In Brief Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation, the company announced on Wednesday. That’s a major leap from its $10.2 billion post-money valuation when it closed a $400 million funding round just eight months ago in September. The round was led by Lux Capital and General Catalyst, with existin...
In Brief Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation, the company announced on Wednesday. That’s a major leap from its $10.2 billion post-money valuation when it closed a $400 million funding round just eight months ago in September. The round was led by Lux Capital and General Catalyst, with existing investors pouring in, including Founders Fund, 8VC, and others. The round also included new investors Ribbit Capital, Atreides, and Layer Global. This is a giant vote of confidence from top-tier VCs that there will be room for independent AI software coding startups. Last year, all signs pointed to model makers swallowing this hot market themselves. Certainly Anthropic’s Claude Code, OpenAI’s Codex, and maybe even Google’s coding agent Jules, (after Google’s acqui-hire deal of Windsurf last year), have captured a lot of it. But Cognition, which acquired the remaining bits of Windsurf last year, says it counts big enterprises like Mercedes-Benz, NASA, Goldman Sachs, and Santander as customers. It also says it’s reached $492 million in annualized revenue run-rate as enterprise usage of Devin has grown 50% month over month for the past six months.
Rigetti Computing (NASDAQ: RGTI) remains a speculative quantum stock, but its latest quarter offered investors insight into why the stock is becoming more interesting. The company still has very little revenue and large losses, yet progress in deployments, cloud access, gate fidelity, and liquidity could strengthen the long-term bullish thesis. Stock prices used were the market prices of May 20, 2...
Rigetti Computing (NASDAQ: RGTI) remains a speculative quantum stock, but its latest quarter offered investors insight into why the stock is becoming more interesting. The company still has very little revenue and large losses, yet progress in deployments, cloud access, gate fidelity, and liquidity could strengthen the long-term bullish thesis. Stock prices used were the market prices of May 20, 2026. The video was published on May 26, 2026. Continue reading
It seems like everyone's getting into artificial intelligence (AI). From big tech companies vying to perfect their AI chatbots and offer AI-enhanced workflows to their cloud platforms to former sneaker companies reinventing themselves as AI companies, it seems there isn't a single industry that isn't rolling out some sort of AI-enhanced product or service to try to boost sales (and stock prices). ...
It seems like everyone's getting into artificial intelligence (AI). From big tech companies vying to perfect their AI chatbots and offer AI-enhanced workflows to their cloud platforms to former sneaker companies reinventing themselves as AI companies, it seems there isn't a single industry that isn't rolling out some sort of AI-enhanced product or service to try to boost sales (and stock prices). And now, the nuclear industry has joined the AI race, thanks to nuclear start-up Oklo (OKLO 1.92%). Oklo just announced that it's launching a Strategic Partnership Project with the Idaho National Laboratory (INL), to "use AI technologies to accelerate advanced reactor and fuel-system design work." Here's what this means for Oklo, its shareholders, and nuclear investors in general. Is this really a good idea? You might find the press release's headline phrase "AI-Enabled Reactor Design" concerning. Given AI's propensity to "hallucinate," or invent statistics or references that don't actually exist, is it really a good idea to put an AI in charge of designing a device that contains and manages an inherently unstable and potentially catastrophic nuclear reaction? But look carefully at the wording. It doesn't say the reactor would be "AI-designed"; it says the design itself will be "AI-enabled." So, what does that mean? Well, according to the press release, it means that the project hopes to "bolster conceptual design work for an Oklo reactor system through the use of AI-enabled engineering workflows, modeling, simulation, and technical documentation." The project will include "the development and application of technical guidance on model setup, benchmarking and validation strategies, and AI agents to accelerate existing workflows." Expand NYSE : OKLO Oklo Today's Change ( -1.92 %) $ -1.32 Current Price $ 67.38 Key Data Points Market Cap $12B Day's Range $ 65.36 - $ 69.52 52wk Range $ 44.88 - $ 193.84 Volume 165.1K Avg Vol 12M Is this really a novel idea? Those details make it...
When a stock hits a new 52-week low, it can be due to several factors, including a poor business performance or broader macroeconomic conditions weighing on its valuation. A stock that's fallen to a new low isn't always going to recover, but it may not always be destined to go even lower, either. It's important to consider the context and to understand why a stock is performing poorly. Understandi...
When a stock hits a new 52-week low, it can be due to several factors, including a poor business performance or broader macroeconomic conditions weighing on its valuation. A stock that's fallen to a new low isn't always going to recover, but it may not always be destined to go even lower, either. It's important to consider the context and to understand why a stock is performing poorly. Understanding the reason can help you assess whether it's, in fact, a deal and the market may be overreacting, or whether the business is indeed facing concerning headwinds and should be avoided. Three stocks that recently hit fresh 52-week lows are AutoZone (AZO 2.98%), Intuit (INTU +2.29%), and PDD Holdings (PDD 10.74%). Let's take a look at why they're struggling, and if they could be good bargain buys right now. AutoZone AutoZone shares fell recently after the company reported its latest earnings numbers. Although it technically beat expectations, the auto-parts retailer still fell sharply due to concerns about slowing growth and challenges in international markets. The company said that "unseasonably cool weather" had been slowing its sales recently. Revenue for the quarter ending May 9 was up 8% year over year, totaling $4.8 billion. But its same-store sales growth rate was 3.9%, with the growth rate in its international segment being fairly low at just 1.6%. Expand NYSE : AZO AutoZone Today's Change ( -2.98 %) $ -92.29 Current Price $ 3007.82 Key Data Points Market Cap $51B Day's Range $ 2986.01 - $ 3110.74 52wk Range $ 2986.01 - $ 4388.11 Volume 138K Avg Vol 211.9K Gross Margin 51.75 % This year, AutoZone's stock is down around 10%, and with its decline, it is trading at a forward price-to-earnings multiple of 17, which is based on analyst projections for its future profits. I think the stock could be a good buy at its current price, as its valuation is modest, and with AutoZone selling essential auto parts, its business should be fairly resilient over the long haul. Intuit On...
MercadoLibre (MELI +2.86%) is a major fintech (financial technology) company that you may not be familiar with -- because it's focused on serving Latin America. It's also a major e-commerce presence there. It's worth getting to know the company, because its stock could help you reach millionaire status. Consider, for example, that its 15-year average annual return has been 21.6%, and its 10-year a...
MercadoLibre (MELI +2.86%) is a major fintech (financial technology) company that you may not be familiar with -- because it's focused on serving Latin America. It's also a major e-commerce presence there. It's worth getting to know the company, because its stock could help you reach millionaire status. Consider, for example, that its 15-year average annual return has been 21.6%, and its 10-year average 28.7%. Over the past year, the stock has dipped by 36% (as of May 22), making it a more appealing opportunity. Meet MercadoLibre Here are some things to know about MercadoLibre, as of its first quarter of 2026: It boasts 126 million unique buyers over the last 12 months. It saw 2.7 billion items delivered over the past 12 months. It sported 83 million monthly active buyers. Expand NASDAQ : MELI MercadoLibre Today's Change ( 2.86 %) $ 47.18 Current Price $ 1695.22 Key Data Points Market Cap $84B Day's Range $ 1645.00 - $ 1707.99 52wk Range $ 1495.00 - $ 2645.22 Volume 9.5K Avg Vol 558.6K Gross Margin 43.86 % Its business features five different foci: commerce, advertising, logistics, acquiring (payment systems for merchants), and fintech services. Its fintech division, called Mercado Pago, offers a range of services from digital financial accounts to insurance, credit, and more. Together, these businesses form an ecosystem that can keep customers sticking around. Check out its impressive first-quarter results, released in early May: Net revenue up 49% year over year, to $8.8 billion -- "the fastest pace in almost four years," said the company. Total payment volume up 50% year over year. Gross merchandise volume up 42% year over year. Operating margin of 6.9%. Net margin of 4.7%. Management noted: We have a once-in-a-generation opportunity to transform how hundreds of millions of Latin Americans shop, pay, and access financial services. In commerce, the region is at an early stage of a shift that markets like the U.S. are much further along. The average American makes ...
Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation, the company announced on Wednesday. That’s a major leap from its $10.2 billion post-money valuation when it closed a $400 million funding round just eight months ago in September. The round was led by Lux Capital and General Catalyst, with existing investo...
Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation, the company announced on Wednesday. That’s a major leap from its $10.2 billion post-money valuation when it closed a $400 million funding round just eight months ago in September. The round was led by Lux Capital and General Catalyst, with existing investors pouring in, including Founders Fund, 8VC, and others. The round also included new investors Ribbit Capital, Atreides, and Layer Global. This is a giant vote of confidence from top-tier VCs that there will be room for independent AI software coding startups. Last year, all signs pointed to model makers swallowing this hot market themselves. Certainly Anthropic’s Claude Code, OpenAI’s Codex, and maybe even Google’s coding agent Jules, (after Google’s acqui-hire deal of Windsurf last year), have captured a lot of it. But Cognition, which acquired the remaining bits of Windsurf last year, says it counts big enterprises like Mercedes-Benz, NASA, Goldman Sachs, and Santander as customers. It also says it’s reached $492 million in annualized revenue run-rate as enterprise usage of Devin has grown 50% month over month for the past six months.
TSMC might raise bonuses more than 30%, source says Staff writer, with CNA Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employee bonuses are likely to grow more than 30 percent this year, in line with the past few years as the company’s profits continue to set new records, an anonymous source cited TSMC chairman C.C. Wei (魏哲家) as saying yesterday. TSMC, the world’s largest contract chipmaker,...
TSMC might raise bonuses more than 30%, source says Staff writer, with CNA Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employee bonuses are likely to grow more than 30 percent this year, in line with the past few years as the company’s profits continue to set new records, an anonymous source cited TSMC chairman C.C. Wei (魏哲家) as saying yesterday. TSMC, the world’s largest contract chipmaker, is committed to taking care of its workers, the source said, citing Wei’s meeting with employees yesterday morning. Wei also expressed gratitude to employees for their contribution to the company’s improving bottom line, the source added. People walk past the logo of Taiwan Semiconductor Manufacturing Co outside its office building in Hsinchu on April 16. Photo: Ritchie B. Tongo, EPA Since 2023, TSMC’s employee bonuses have grown at an annual rate of 30 percent or more, and as long as employee performance stays strong, annual bonuses for this year are expected to grow at a similar pace, the source quoted Wei as saying. The meeting with employees was scheduled after viral online speculation that TSMC would adjust its employee bonus distribution mechanism by cutting this year’s bonus payout, to keep more funds on hand to meet the company’s plans to aggressively expand production. Local media reported that rumors of cuts to bonuses had made many employees unhappy. Wei canceled a business trip scheduled for yesterday and arranged the meeting to ease the concerns of employees, reports said. Wei told employees that TSMC’s earnings distribution aims to satisfy workers and shareholders, and fulfill the company’s social responsibility, the source said. He also said that TSMC would pay more attention to its social responsibility by allocating more earnings to help society, adding that salary growth for TSMC’s entry-level employees would outpace the growth for senior employees, they added. In February, a board meeting approved a proposal to designate a record high NT$206.15 billion (...
Caitlin Steel, former Meta product leader, joins HubiFi to accelerate growth across the high-volume subscription economy COLUMBUS, Ohio, May 27, 2026 /PRNewswire/ -- HubiFi, the revenue recognition platform built for high volume subscription businesses, welcomes Caitlin Steel as its first Field Chief Financial Officer, marking a new milestone as HubiFi builds its financial infrastructure to suppor...
Caitlin Steel, former Meta product leader, joins HubiFi to accelerate growth across the high-volume subscription economy COLUMBUS, Ohio, May 27, 2026 /PRNewswire/ -- HubiFi, the revenue recognition platform built for high volume subscription businesses, welcomes Caitlin Steel as its first Field Chief Financial Officer, marking a new milestone as HubiFi builds its financial infrastructure to support the next phase of growth. Caitlin Steel, newly appointed HubiFi Field CFO Caitlin joins as Field CFO, a customer-facing role designed to bring a CFO-level perspective directly into HubiFi's customer relationships. Caitlin will draw on her over 35 years of experience in finance and product leadership roles to work alongside customers to understand how they're using HubiFi, shape product solutions based on their feedback, and serve as a peer-to-peer resource for controllers and CFOs using the platform at scale. "It was important to me to hire someone who has experienced the problem from the customer's seat," said Jason Berwanger, CEO and co-founder of HubiFi, "Caitlin understands what our customers need from us because she has been one. She has extensive experience in scaling finance functions in complex spaces, and I'm excited to have her onboard to take HubiFi into the next phase of its growth." Caitlin joins HubiFi from Meta, where she was a product management leader, leveraging organizational leadership and expertise in artificial intelligence to develop transformative products that streamline workflows and enhance user experiences. With over a decade of experience in product management and a CPA certification, she has focused extensively on optimizing financial operations and integrating AI-driven insights into product strategies, making her an ideal fit for HubiFi. Caitlin earned her MBA from Golden Gate University. Her appointment reflects HubiFi's continued investment in hiring former operators in the space, building a team of subject-matter experts in which the peo...