SuperCom ( SPCB ) announced on Monday that it won a national electronic monitoring contract from Norway's Prison and Probation Service, making it the fifth Nordic country to use the company's PureSecurity platform. The contract is worth about $1.8M over an initial 3-year period, with options to extend. The project is expected to begin with around 1K monitoring devices, with potential for future ex...
SuperCom ( SPCB ) announced on Monday that it won a national electronic monitoring contract from Norway's Prison and Probation Service, making it the fifth Nordic country to use the company's PureSecurity platform. The contract is worth about $1.8M over an initial 3-year period, with options to extend. The project is expected to begin with around 1K monitoring devices, with potential for future expansion. Under the deal, the company will provide GPS tracking and monitoring solutions for public safety programs across Norway. The company said the win adds to its recent growth in Europe, with 20+ government projects, 40+ new U.S. contracts since mid-2024, and trailing 12-month EBITDA of $10.3M. Source: Press Release More on SuperCom SuperCom Ltd. (SPCB) Q1 2026 Earnings Call Transcript SuperCom Ltd. (SPCB) Q4 2025 Earnings Call Transcript Seeking Alpha’s Quant Rating on SuperCom Historical earnings data for SuperCom Financial information for SuperCom
The UK government released a vast trove of documents relating to Peter Mandelson’s appointment as US ambassador, in a move that threatens to cause fresh damage to Keir Starmer’s faltering premiership. More than 1,500 pages of documentation were published on the British government’s website just after 2pm. They include emails, text messages and other exchanges between government ministers, aides an...
The UK government released a vast trove of documents relating to Peter Mandelson’s appointment as US ambassador, in a move that threatens to cause fresh damage to Keir Starmer’s faltering premiership. More than 1,500 pages of documentation were published on the British government’s website just after 2pm. They include emails, text messages and other exchanges between government ministers, aides and Mandelson in the run-up to his appointment as US envoy, a post he held from February to September...
South_agency/E+ via Getty Images Science Applications International Corp. ( SAIC ) surged 13% as regular trading opened Monday after reporting first-quarter fiscal 2027 results that exceeded Wall Street expectations on both revenue and earnings, while prompting management to raise its full-year profit outlook. Revenue was $1.91 billion for the quarter ended May 1, up 2% from a year earlier and ahe...
South_agency/E+ via Getty Images Science Applications International Corp. ( SAIC ) surged 13% as regular trading opened Monday after reporting first-quarter fiscal 2027 results that exceeded Wall Street expectations on both revenue and earnings, while prompting management to raise its full-year profit outlook. Revenue was $1.91 billion for the quarter ended May 1, up 2% from a year earlier and ahead of analysts' consensus estimate of $1.82 billion. The company said organic revenue growth was approximately 0.5% after adjusting for its acquisition of SilverEdge Government Solutions. Adjusted earnings were $3.23 a share, comfortably above analysts' estimates of $2.28 a share and up from $1.92 a year earlier. Net income rose to $115 million, or $2.61 a share, from $68 million, or $1.42 a share, in the prior year. Investors focus on margin expansion, guidance increase For investors, the quarter offered evidence that SAIC ( SAIC ) is improving profitability even as federal spending priorities remain in flux. The company's higher full-year earnings outlook suggests management expects those gains to continue despite forecasting a modest decline in organic revenue for the fiscal year. The defense and government technology contractor increased its fiscal 2027 guidance for adjusted earnings, adjusted ebitda margins and adjusted ebitda, while maintaining its revenue and free cash flow forecasts. "I am proud of our team’s performance this quarter, delivering record margin and modest organic growth," Chief Executive Jim Reagan said in the earnings announcement. Profit climbs on improved contract performance SAIC ( SAIC ) reported operating income of $179 million, up 48% from $121 million a year earlier. Operating margin expanded to 9.4% from 6.4%. Adjusted earnings before interest, taxes, depreciation and amortization increased 41% to $222 million, representing 11.6% of revenue, compared with $157 million, or 8.4% of revenue, a year earlier. The company attributed the improvement...
Trilogy Metals Inc. said the US is giving the critical minerals miner more time to finalize the Pentagon’s planned $35.6 million equity investment in the company. Both parties agreed to push back the targeted closing date to July 31 from the previous target of May 31 as they work to finalize transaction documents, Trilogy said Monday in a statement . The government has completed its foreign owners...
Trilogy Metals Inc. said the US is giving the critical minerals miner more time to finalize the Pentagon’s planned $35.6 million equity investment in the company. Both parties agreed to push back the targeted closing date to July 31 from the previous target of May 31 as they work to finalize transaction documents, Trilogy said Monday in a statement . The government has completed its foreign ownership review and discussions are continuing on a framework agreement related to financing and construction of the proposed Ambler Road in Alaska, which would provide access to the Ambler mining district. Shares of Trilogy were 0.9% lower to $4.59 at 9:44 a.m. in New York. Read More: US to Take 10% of Trilogy Metals to Unlock Alaskan Minerals
Iranians drive past a billboard featuring US President Donald Trump and the Strait of Hormuz, erected on Valiasr Square in Tehran May 28, 2026. - | Afp | Getty Images Iranian negotiators will stop exchanging messages with the U.S. through intermediaries, and Tehran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, Iran's state-affiliated news outlet Ta...
Iranians drive past a billboard featuring US President Donald Trump and the Strait of Hormuz, erected on Valiasr Square in Tehran May 28, 2026. - | Afp | Getty Images Iranian negotiators will stop exchanging messages with the U.S. through intermediaries, and Tehran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, Iran's state-affiliated news outlet Tasnim said Monday. The report, in a translated post on the social media site Telegram, homes in on Israel's military operations in Lebanon against the Iran-backed militia Hezbollah. Oil prices leapt more than 5% higher following Tasnim's report, which signaled a breakdown in efforts to reach a diplomatic end to the war that is now in its fourth month. President Donald Trump just three days earlier said he was meeting in the White House Situation Room to decide whether to agree to a deal with Iran that would at least pause the conflict. But that meeting ended without Trump making a final decision. The White House and U.S. Central Command did not immediately respond to CNBC's requests for comment on the report. Read more CNBC politics coverage Michael Dell courted Trump early. His company has reaped rewards Trump DOJ ‘lawfare’ fund temporarily blocked by judge as suit proceeds Bondi defends handling of Epstein files to House panel This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Amazon (AMZN) commands a persistent premium valuation from the broader market, trading at roughly 32x based on its current market price and TTM EPS. That is great for Amazon. But wait a minute, Alphabet (GOOG) currently sits at a noticeably more attractive 29x multiple. Hard to believe, but the market prices Amazon at a persistent premium to Google. This, despite the fact that Google's top-line re...
Amazon (AMZN) commands a persistent premium valuation from the broader market, trading at roughly 32x based on its current market price and TTM EPS. That is great for Amazon. But wait a minute, Alphabet (GOOG) currently sits at a noticeably more attractive 29x multiple. Hard to believe, but the market prices Amazon at a persistent premium to Google. This, despite the fact that Google's top-line revenue growth for the first quarter of 2026 stood at 22% compared to just 17% for Amazon, a growth pr
watch now VIDEO 4:20 04:20 David Faber on the $16 billion Stargate AI data center Squawk on the Street OpenAI and Oracle are holding an official groundbreaking ceremony for their $16 billion Stargate campus in Saline Township, Michigan, on Monday. The data center project, which is being developed by Related Digital, began construction roughly three months ago. The companies said the exterior of on...
watch now VIDEO 4:20 04:20 David Faber on the $16 billion Stargate AI data center Squawk on the Street OpenAI and Oracle are holding an official groundbreaking ceremony for their $16 billion Stargate campus in Saline Township, Michigan, on Monday. The data center project, which is being developed by Related Digital, began construction roughly three months ago. The companies said the exterior of one building is almost complete. In January 2025, President Donald Trump unveiled the Stargate project alongside OpenAI CEO Sam Altman , SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison during an event at the White House. The companies pledged to deploy $500 billion over four years to build out new artificial intelligence infrastructure in the U.S. Altman rattled markets by inking a flurry of multi-billion-dollar infrastructure deals that year, writing in a post in November that OpenAI was looking at commitments of about $1.4 trillion , including Stargate, over the next eight years. But as the company gears up for a potential initial public offering , it's outlined a more measured strategy , telling investors in February that it's targeting roughly $600 billion in total compute spend by 2030. CNBC's David Faber will have interviews with the key figures in the buildout throughout the day: Related Digital Chairman and CEO Jeff Blau - 10 a.m. ET Oracle CEO Clay Magouyrk - 12 p.m. ET Michigan Gov. Gretchen Whitmer - 2 p.m. ET OpenAI CEO Sam Altman - 2 p.m. ET 4 Min Ago Stargate Michigan's size and location The Stargate site in Michigan was announced late last year, and Related Digital said in a release that it will be developed on 250 acres of land in Saline Township, which is located southwest of Ann Arbor in Washtenaw County. The project consists of three 550,000 square foot single-story buildings, and was dubbed "The Barn" because of the red barn that marks the entrance to the site. —Ashley Capoot 4 Min Ago Erin Brockovich's community push to track the U.S. data ce...
santirf People Incorporated disclosed that it submitted a non-binding proposal to the board of MGM Resorts International ( MGM ) to acquire all outstanding shares of MGM that it does not already own for $48.30 per share in cash. The IAC-owned and Barry Diller-led company currently owns 26.1% of the outstanding common stock of the casino operator. "We believe that MGM's assets and businesses are no...
santirf People Incorporated disclosed that it submitted a non-binding proposal to the board of MGM Resorts International ( MGM ) to acquire all outstanding shares of MGM that it does not already own for $48.30 per share in cash. The IAC-owned and Barry Diller-led company currently owns 26.1% of the outstanding common stock of the casino operator. "We believe that MGM's assets and businesses are not currently realizing their full potential in the public markets and that it will be difficult to correct this situation in MGM's current form as a public company. Accordingly, we would like to work with MGM to agree on a transaction in which our company and other investors provide MGM's public shareholders with an attractive premium in cash for their interest in MGM, and MGM would become a private company," highlighted the potential acquirer. Currently, People Incorporated owns 26.1% of the outstanding common stock of MGM Resorts ( MGM ). Shares of MGM Resorts ( MGM ) ripped an 11.9% gain at the market open on Monday to trade slightly above the People Incorporated bid. Wynn Resorts ( WYNN ) +2.9%, Las Vegas Sands ( LVS ) +2.8%, PENN Entertainment ( PENN ) +2.3%, and Red Rock Resorts ( RRR ) +1.9% were all higher in early action. The casino sector already got a push higher after Tilman Fertitta made a successful offer last month for Caesars Entertainment ( CZR ). IAC ( IAC ) showed a gain of 1.6% in initial trading. More on MGM Resorts MGM: Better Vegas Trends Give The Stock Room To Run MGM Resorts: Finally, Las Vegas Tourism Is Stabilizing MGM Resorts International (MGM) Q1 2026 Earnings Call Transcript MGM Resorts gains on report Barry Diller to make $18B bid The Las Vegas Strip records its third straight month of gaming win growth
"Working Better": Saylor Teases BTC Buy After Strategy Sells For First Time Since 2022 Bitcoin is extending its recent weakness overnight (hurt by US-Iran tensions escalating again), trading back below its 100DMA after Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million ( disclosed in an 8-K filing on Monday). Proceeds from the...
"Working Better": Saylor Teases BTC Buy After Strategy Sells For First Time Since 2022 Bitcoin is extending its recent weakness overnight (hurt by US-Iran tensions escalating again), trading back below its 100DMA after Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million ( disclosed in an 8-K filing on Monday). Proceeds from the bitcoin sales are expected to be used to fund distributions on preferred stock , the firm said. This is the first time Strategy has sold bitcoin since December 2022, when the company offloaded 704 BTC, according to onchain analyst Ai Yi . However, the firm reportedly bought 810 BTC just two days after the sale at a lower price in a tax loss trade. Strategy now holds a total of 843,706 BTC following the reduction - worth around $61 billion - bought at an average price of $75,699 per bitcoin for a total cost of around $63.9 billion, including fees and expenses. In addition, for the week, Strategy raised $128.3 million through its at-the-market (ATM) common stock program and allocated a small portion of the proceeds to increase its U.S. dollar cash reserve from $871 million to $900 million. Anticipated? The Block.co reports that Strategy's bitcoin sale was anticipated. Its executives previously said during its first-quarter 2026 earnings call that it may sell some of its holdings to fund dividends for STRC, Strategy's perpetual preferred stock designed to maintain a $100 par value and offer high yields to investors. Saylor explained then that the sale would eventually help Strategy buy more bitcoin than it would sell to cover STRC's dividends. He also noted that the firm's current position requires bitcoin to appreciate at 2.3% annually for its existing holdings to cover STRC dividend obligations indefinitely, without selling any common stock. Today's sale announcement comes shortly after onchain data from Arkham Intelligence showed that Strategy moved roughly 411.6 BTC from ...
Shares of Nvidia and its partners climbed, while rivals' stocks sank Monday after CEO Jensen Huang made a number of announcements at a conference in Taiwan.
Shares of Nvidia and its partners climbed, while rivals' stocks sank Monday after CEO Jensen Huang made a number of announcements at a conference in Taiwan.