Tesla (TSLA) will reportedly continue developing cheaper electric vehicle (EV) models, including an EV SUV, according to Reuters. Yahoo Finance Senior Autos Reporter Pras Subramanian goes over the details.
Tesla (TSLA) will reportedly continue developing cheaper electric vehicle (EV) models, including an EV SUV, according to Reuters. Yahoo Finance Senior Autos Reporter Pras Subramanian goes over the details.
Shares of Texas Pacific Land Corp. tumbled Thursday after the chief executive officer of its largest shareholder died , rattling investors in the Texas landowner that has drawn attention as technology companies seek sites for data centers. The stock fell as much as 17% Thursday, the biggest intraday drop since March 2020. Murray Stahl , who was CEO of Horizon Kinetics Holding Corp. and a board mem...
Shares of Texas Pacific Land Corp. tumbled Thursday after the chief executive officer of its largest shareholder died , rattling investors in the Texas landowner that has drawn attention as technology companies seek sites for data centers. The stock fell as much as 17% Thursday, the biggest intraday drop since March 2020. Murray Stahl , who was CEO of Horizon Kinetics Holding Corp. and a board member of Texas Pacific, passed away on April 7, according to a statement from Horizon Kinetics. The firm owns nearly 15% of the Dallas-based landowner, according to data compiled by Bloomberg. “Aside from being TPL’s largest shareholder, he was its largest cheerleader,” said Chadd Garcia, portfolio manager with Ave Maria mutual funds, a top-20 Texas Pacific shareholder. “Ultimately, TPL was included in the S&P 500, an achievement I am sure five years ago, few people but Murray viewed as being possible.” Texas Pacific owns nearly 900,000 acres in West Texas, much of it atop shale oil and gas reserves in the Permian Basin that have benefited from higher commodity prices this year. The land is already used for Bitcoin mines, utility-scale batteries and renewable-power projects, and its location has attracted interest from companies including Alphabet Inc., Microsoft Corp. and Amazon.com Inc. seeking cheap electricity for large data centers. Horizon Kinetics has owned Texas Pacific shares since the 1980s, as Stahl argued that the company’s business model would make the stock more valuable over time. He also at times clashed with company leadership as he pushed to modernize its corporate structure, while continuing to praise the business in the fund’s quarterly commentary. “Murray believed in the Company when it was still a thinly-traded, little-known trust that simply owned some land in west Texas,” Texas Pacific Chief Executive Officer Ty Glover said in a press statement. Texas Pacific shares climbed steadily over the past 12 months and were up about 56% this year through Wednes...
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Karv Global Partner Amir Handjjani, Causeway Capital Management Fundamental Portfolio Manager Ellen Lee, SoLo Funds Co-Founder & President Rodney Williams, and Morgan Stanley Head of Digital Asset Strategy Amy Oldenburg. (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Karv Global Partner Amir Handjjani, Causeway Capital Management Fundamental Portfolio Manager Ellen Lee, SoLo Funds Co-Founder & President Rodney Williams, and Morgan Stanley Head of Digital Asset Strategy Amy Oldenburg. (Source: Bloomberg)
The electric vehicle ( EV ) market expanded rapidly from 2020 to 2023, but its growth cooled off over the past three years. Reduced government subsidies, saturation of the early adopter market, rising rates, and other macro headwinds caused that slowdown. The EV market is still expanding, but many investors are still shunning EV stocks in this choppy market. However, that tepid interest in EVs mig...
The electric vehicle ( EV ) market expanded rapidly from 2020 to 2023, but its growth cooled off over the past three years. Reduced government subsidies, saturation of the early adopter market, rising rates, and other macro headwinds caused that slowdown. The EV market is still expanding, but many investors are still shunning EV stocks in this choppy market. However, that tepid interest in EVs might be creating some compelling buying opportunities in some of the sector's oft-overlooked stocks. Let's take a closer look at two of them: QuantumScape (NASDAQ: QS) and ChargePoint (NYSE: CHPT) . Image source: Getty Images. Continue reading
adventtr/iStock via Getty Images The last time I wrote about Nurix Therapeutics, Inc. ( NRIX ) it was in a Seeking Alpha article entitled " Nurix: Bexobrutideg Advancement Presses Forward With H2 2025 Milestones ." With respect to this article, I mentioned that the company was in the process of developing its orally bioavailable, brain penetrant, highly selective small molecule degrader of BTK bex...
adventtr/iStock via Getty Images The last time I wrote about Nurix Therapeutics, Inc. ( NRIX ) it was in a Seeking Alpha article entitled " Nurix: Bexobrutideg Advancement Presses Forward With H2 2025 Milestones ." With respect to this article, I mentioned that the company was in the process of developing its orally bioavailable, brain penetrant, highly selective small molecule degrader of BTK bexobrutideg for the treatment of patients with relapsed/refractory chronic lymphocytic leukemia [r/r CLL]. I noted that the company was in the process of gearing up to initiate a single-arm trial for this program. As an update, I'm happy to report that the company has already been able to initiate its single-arm pivotal phase 2 DAYBreak CLL-201 study using this drug to treat these r/r CLL patients. Should this clinical study turn out to be successful, then the company could potentially be able to file for FDA Accelerated Approval of bexobrutideg for the treatment of these patients thereafter. A catalyst that investors should keep an eye on would be in terms of the initiation of a confirmatory trial for this very same program. It is expected that Nurix will initiate the global randomized phase 3 confirmatory DAYBreak CLL-306 trial using bexobrutideg to treat patients with r/r CLL in mid-2026. This study is going to target patients whose disease has progressed after prior BKT therapy. In essence, the company's drug is going to be compared to that of the approved non-covalent inhibitor pirtobrutinib. The last time, I rated this stock with a Strong Buy rating, and I'm going to stick to this rating because this program continues to advance for starters. Not only that, but it is already underway with two expansion opportunities for it. It is testing a higher 600 mg dose of bexobrutideg to treat earlier lines of CLL patients in the NX-5948-301 Phase 1a/1b clinical study . There will be updated clinical data released from this study throughout 2026 at medical meetings. In addition, i...
Amid customer dissatisfaction around Broadcom's VMware takeover, rivals have been trying to lure customers from the leading virtualization firm. One of VMware's biggest competitors, Nutanix, claims to have swiped tens of thousands of VMware customers. Speaking at a press briefing at Nutanix’s .NEXT conference in Chicago this week, Nutanix CEO Rajiv Ramaswami said that “about 30,000 customers” have...
Amid customer dissatisfaction around Broadcom's VMware takeover, rivals have been trying to lure customers from the leading virtualization firm. One of VMware's biggest competitors, Nutanix, claims to have swiped tens of thousands of VMware customers. Speaking at a press briefing at Nutanix’s .NEXT conference in Chicago this week, Nutanix CEO Rajiv Ramaswami said that “about 30,000 customers” have migrated from VMware to the rival platform, pointing to customer disapproval over Broadcom’s VMware strategy, SDxCentral , a London-based IT publication, reported today. “I think there's no doubt that the customer sentiment continues to be negative about Broadcom,” Ramaswami said, per SDxCentral. Read full article Comments
Authorities arrest driver and passenger of car after finding large amounts blood and unresponsive man in rear seat Northern California law enforcement officals pulled over the driver of a Chevrolet Suburban on Easter Sunday morning for a suspected registration violation, and came upon a grisly scene that ultimately led them to two homicide victims. The California highway patrol said in a statement...
Authorities arrest driver and passenger of car after finding large amounts blood and unresponsive man in rear seat Northern California law enforcement officals pulled over the driver of a Chevrolet Suburban on Easter Sunday morning for a suspected registration violation, and came upon a grisly scene that ultimately led them to two homicide victims. The California highway patrol said in a statement that two people, the person driving the vehicle and a passenger, had been arrested in connection with the killings. The passenger attempted to flee when officers stopped the SUV in Clearlake, about 100 miles north-east of San Francisco, but was quickly detained, according to CHP. Continue reading...
Key Points Vista Investment Partners acquired 87,729 shares of Federated Hermes in Q1 2026; the estimated transaction value was $4.7 million based on quarterly average pricing.
Key Points Vista Investment Partners acquired 87,729 shares of Federated Hermes in Q1 2026; the estimated transaction value was $4.7 million based on quarterly average pricing.
Trump is on the verge of squandering a ceasefire that serves US interests for the sake of an unreliable ally When Pakistan’s prime minister, Shehbaz Sharif, announced that the US and Iran, along with their allies, had agreed to an immediate ceasefire on Tuesday night, he made clear that the truce applied “everywhere including Lebanon”. But hours later, the Israeli government insisted that the deal...
Trump is on the verge of squandering a ceasefire that serves US interests for the sake of an unreliable ally When Pakistan’s prime minister, Shehbaz Sharif, announced that the US and Iran, along with their allies, had agreed to an immediate ceasefire on Tuesday night, he made clear that the truce applied “everywhere including Lebanon”. But hours later, the Israeli government insisted that the deal did not include halting its attacks on Lebanon, which had become one of the deadliest fronts of the regional war instigated by the joint US-Israeli attack on Iran. By Wednesday afternoon, Israel had launched its largest and most destructive attack on Lebanon in years, killing at least 300 people and wounding more than 1,100. Dozens of Israeli warplanes dropped bombs on 100 targets across Lebanon within 10 minutes, with the Israeli military claiming it was targeting Hezbollah “command centers” in an operation it called “Eternal Darkness”. But Israeli warplanes leveled several buildings in crowded residential neighborhoods of Beirut, spreading panic in the Lebanese capital and overwhelming hospitals with hundreds of casualties. Israel also continued bombing Lebanon’s infrastructure, destroying the last remaining bridge that linked southern Lebanon to the rest of the country. Mohamad Bazzi is director of the Center for Near Eastern Studies, and a journalism professor, at New York University Continue reading...
Meta Platforms (META) is doubling down on its partnership with CoreWeave (CRWV) through a new $21 billion deal to better leverage CoreWeave's AI cloud platform for scale. Meta also released its new Muse Spark AI model earlier this week. Yahoo Finance Tech Editor Dan Howley breaks down the headlines.
Meta Platforms (META) is doubling down on its partnership with CoreWeave (CRWV) through a new $21 billion deal to better leverage CoreWeave's AI cloud platform for scale. Meta also released its new Muse Spark AI model earlier this week. Yahoo Finance Tech Editor Dan Howley breaks down the headlines.
For many bitcoin miners, it has cost more in recent months to produce a bitcoin than the coin can be sold for, leading them to stop operating some machines and to sell more bitcoin holdings to raise cash.
For many bitcoin miners, it has cost more in recent months to produce a bitcoin than the coin can be sold for, leading them to stop operating some machines and to sell more bitcoin holdings to raise cash.