How Will Governments Fund Income, Asks Bernie Sanders In a post on X on Saturday, Sanders had a “question” for Musk. “You tell us not to worry about the jobs that'll be wiped out by AI & robotics because the government will provide everyone with "universal high income,"” Sanders said. He then asked how such a move would be possible. “How will that be paid for when you can't even support a 5% tax o...
How Will Governments Fund Income, Asks Bernie Sanders In a post on X on Saturday, Sanders had a “question” for Musk. “You tell us not to worry about the jobs that'll be wiped out by AI & robotics because the government will provide everyone with "universal high income,"” Sanders said. He then asked how such a move would be possible. “How will that be paid for when you can't even support a 5% tax on your $817 billion in wealth?” AI Job Losses The Mark Zuckerberg-led company also cancelled plans to fill over 6,000 open positions at Meta as it reported a $56.31 billion revenue and a net income of $26.8 billion during the first three months of 2026. Gov. Gavin Newsom (D-CA) launched a worker protection plan aimed at safeguarding jobs amid heavy investments into AI by tech companies. Elon Musk Bets On Humans Notably, Musk had earlier dismissed talks of AI driving job losses, saying that Tesla was planning on expanding its human workforce as artificial intelligence and robotics advancements boost productivity. Musk was also hiring engineers with “zero AI experience” at SpaceX as the company gears up for its upcoming IPO, slated for a June listing. Check out more of Benzinga's Future Of Mobility coverage by following this link. Photo Courtesy: Sheila Fitzgerald on Shutterstock.com
rgbspace/iStock via Getty Images Curaleaf Holdings ( CURLF ) ( CURA:CA ) showed strong financial performance for Q1-2026. Net income has improved; free cash flow was present. Revenue from international sales increased 35% YoY. The US MSO benefits from the rescheduling of medical cannabis, since 60% of its operations are medical. Curaleaf is considering other benefits from rescheduling, like access...
rgbspace/iStock via Getty Images Curaleaf Holdings ( CURLF ) ( CURA:CA ) showed strong financial performance for Q1-2026. Net income has improved; free cash flow was present. Revenue from international sales increased 35% YoY. The US MSO benefits from the rescheduling of medical cannabis, since 60% of its operations are medical. Curaleaf is considering other benefits from rescheduling, like access to banking/credit services and possible international exports. The company has grown its domestic footprint to 164 cannabis shops. The stock price has gained 294% over the last year. It is up 47% since I covered the company on Seeking Alpha last March. The cannabis sector has regained momentum due to rescheduling. US MSOs have been on the uptrend. Curaleaf's stock price is a bit overvalued at the moment. The rescheduling of recreational cannabis over the summer will be the next big synergy for the sector. I continue my rating of a Hold. Q1 2026 Results The company reported Q1 revenue of $324.2 million, a 6% increase YoY and a 3% decrease QoQ. Gross profit was $157.3 million, a 1% increase YoY and a 4% decrease QoQ. Profit margin was 48.51% versus 50.74% YoY and 50.58% QoQ. Net income was $70.1 million versus a net loss of $61.1 million YoY and a net loss of $54.2 million QoQ. Net income is partially due to the end of the 280e tax burden. Cash and equivalents at the end of the quarter were $106.1 million. Total current debt is $565.1 million. The company restructured its debt with a new maturity date of 2029. Cash from operations was $21.3 million. Free cash flow was $4.3 million. The company expects $333 million for Q2-2026 revenue and will report in August. Revenue by segment: Amounts in millions of dollars* Q1-2026 Q1-2025 YoY% Q4-2025 QoQ% Domestic Domestic Retail 215.233 219.644 2% 221.221 (3%) Domestic Wholesale 61.516 51.824 19% 61.167 0.6% Management Fee Income 248 236 5% 23 978% Total 276.987 271.704 2% 282.411 (2%) International International Retail 15.886 11.058 ...
Key Points The investment managers at the Gates Foundation favor value stocks over growth stocks. Bill Gates plans to donate more Microsoft shares in the future. The two value stocks making up the bulk of the foundation's portfolio trade around fair value. 10 stocks we like better than Microsoft › Bill Gates is best known as the co-founder of Microsoft (NASDAQ: MSFT), which has been one of the mos...
Key Points The investment managers at the Gates Foundation favor value stocks over growth stocks. Bill Gates plans to donate more Microsoft shares in the future. The two value stocks making up the bulk of the foundation's portfolio trade around fair value. 10 stocks we like better than Microsoft › Bill Gates is best known as the co-founder of Microsoft (NASDAQ: MSFT), which has been one of the most valuable companies in the world for the past 30 years. After his wealth soared to more than $100 billion in the 1990s amid the run-up in tech stocks, Gates started to step back from his business to focus on his philanthropic endeavors. He founded the Gates Foundation to combat poverty, disease, and inequity worldwide. Today, Gates is still worth over $100 billion, despite donating huge sums to the foundation, including a considerable number of Microsoft shares. He plans to donate practically all of his wealth over the next two decades, winding down the foundation by 2045. He expects the foundation will spend more than $200 billion in that time. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Supporting all that spending is a trust fund, including a public equity portfolio worth about $33 billion. Last quarter, the investment managers in charge sold the last of Gates' most recent Microsoft donation, leaving 43% of the portfolio invested in just two phenomenal stocks. Microsoft has always been a standout investment The Gates Foundation trust fund is primarily invested in value stocks. Often, well-established, boring businesses with wide competitive moats. While it might include a few growth stocks, they represent relatively small positions in the portfolio. Microsoft has historically been the biggest exception. The trust's portfolio largely reflects Gates' personal portfolio, which is also full of value s...
Chelsea's failure to qualify for Europe will help them become "a real threat" in the Premier League next season, says former Manchester United and England striker Wayne Rooney. A 2-1 defeat at Sunderland on Sunday brought down the curtain on a disappointing season for the Blues, who have sacked Enzo Maresca and Liam Rosenior along the way. While they began the campaign fresh from being crowned Clu...
Chelsea's failure to qualify for Europe will help them become "a real threat" in the Premier League next season, says former Manchester United and England striker Wayne Rooney. A 2-1 defeat at Sunderland on Sunday brought down the curtain on a disappointing season for the Blues, who have sacked Enzo Maresca and Liam Rosenior along the way. While they began the campaign fresh from being crowned Club World Cup winners in July, the result on Wearside allowed the Black Cats to claim the final Europa League spot at Chelsea's expense. Chelsea, who started the day above Sunderland in eighth, slipped to 10th, to also finish a point and two spots behind Brighton, who qualified for the Conference League. It is only the third time since 1995-96 that Chelsea have ended a top-flight season in 10th place or lower. However, they notably recovered to win the title in 2016-17 having been in exactly the same position at the conclusion of the previous season. With Xabi Alonso taking the reins in July as their new manager, Rooney believes Chelsea will become a major force. "I think they'll be a real threat next season," Rooney said on the Wayne Rooney Podcast. "Obviously having one game a week, and then with Alonso coming in, I think it's exciting for the Premier League because I think he's got the potential to be a top manager. "It gives him a period of time to feel his way into the club and get his ideas across. So I think it will benefit the football club." Rooney's old club Manchester United had no European commitments this season and finished the campaign strongly to take third place in the Premier League. Chelsea advanced through the league phase of the Champions League this term before suffering their joint-heaviest defeat in a two‑leg European tie, losing 8-2 on aggregate at the hands of holders Paris St-Germain in the last 16. Rooney stressed that a less congested fixture list will only serve to benefit the Blues, who will have the advantage of more time on the grass together....
When Litecoin (LTC 0.73%) launched in 2011 as a fork of Bitcoin's (BTC +0.94%) code, it was pitched as digital silver to Bitcoin's digital gold, with faster block times, lower fees, and a leaner chain designed for everyday payments. For a while, that earned it a loyal following and a spot among the most recognized cryptoassets in the world. Today, outside of their bones, these two coins don't seem...
When Litecoin (LTC 0.73%) launched in 2011 as a fork of Bitcoin's (BTC +0.94%) code, it was pitched as digital silver to Bitcoin's digital gold, with faster block times, lower fees, and a leaner chain designed for everyday payments. For a while, that earned it a loyal following and a spot among the most recognized cryptoassets in the world. Today, outside of their bones, these two coins don't seem like they're very alike whatsoever. Let's evaluate Litecoin's investment thesis and determine whether it can outperform its older and bigger brother. The digital silver story doesn't hold up anymore Litecoin's core selling point was its speed, which was a major stumbling block for Bitcoin at the time. Its 2.5-minute block time was four times faster than Bitcoin's, and its transaction fees were and are vastly lower. For the prospect of one day processing retail payments at scale, that was a real edge back in 2013. But since then, Bitcoin's Lightning Network, a layer-2 (L2) protocol enabling near-instant settlement of Bitcoin transactions at a relatively low cost, has neutralized that advantage -- not to mention the development of many other, vastly faster and cheaper networks like Solana, which can serve demand even more efficiently. Expand CRYPTO : LTC Litecoin Today's Change ( -0.73 %) $ -0.39 Current Price $ 52.82 Key Data Points Market Cap $4.1B Day's Range $ 52.05 - $ 53.56 52wk Range $ 46.75 - $ 134.88 Volume 208.3M Beyond payments, Litecoin offers almost nothing today. It has no smart contract functionality, no decentralized finance (DeFi) ecosystem, and it does nothing to attract developers or investors. Presently, only 32 full-time developers are contributing to its codebase, whereas Bitcoin has close to 1,000 despite also lacking smart contract functionality and a DeFi ecosystem. In terms of supply, its maximum possible supply of 84 million LTC could technically force a scarcity narrative on paper, but in practice, scarcity without recurring demand is just obscuri...
A high-profile alleged sexual abuse case within a wealthy Thai beer brewing family has prompted a wave of painful accounts from survivors of unconnected abuse in the conservative country. Siranudh Scott, a fourth-generation member of the billionaire Thai family that founded the ubiquitous Singha beer brand, posted an emotional video this month accusing his older brother Sunit of repeatedly abusing...
A high-profile alleged sexual abuse case within a wealthy Thai beer brewing family has prompted a wave of painful accounts from survivors of unconnected abuse in the conservative country. Siranudh Scott, a fourth-generation member of the billionaire Thai family that founded the ubiquitous Singha beer brand, posted an emotional video this month accusing his older brother Sunit of repeatedly abusing him when he was a teenager. Sunit, who is in his thirties, later denied the allegations in a video clip posted online, but Singha parent Boonrawd dismissed him from his executive role with the company on Tuesday. Advertisement “I felt I needed to speak out, otherwise I would have been dead inside,” Siranudh, known locally as Psi, said late last week. Siranudh said in a second interview on Sunday that the alleged sexual abuse occurred from when he was nine to 13 years old, every time his brother returned home from boarding school for the summer. 01:16 Thai Singha beer heir dismissed from family firm amid brother’s sexual abuse claims Siranudh, 29, said he first told other family members of the alleged abuse about three years ago but at the time he accepted financial compensation from them to keep quiet.