David McNew/Getty Images News Exxon Mobil ( XOM ) plans overhauls in the spring and at year-end at its 612K bbl/day refinery in Beaumont, Texas, Reuters reported Wednesday. Exxon ( XOM ) plans to shut the 60K bbl/day coker in May for a planned overhaul that will continue into June, and shut the 120K bbl/day gasoline-producing fluidic catalytic cracker in December for a planned overhaul along wi...
David McNew/Getty Images News Exxon Mobil ( XOM ) plans overhauls in the spring and at year-end at its 612K bbl/day refinery in Beaumont, Texas, Reuters reported Wednesday. Exxon ( XOM ) plans to shut the 60K bbl/day coker in May for a planned overhaul that will continue into June, and shut the 120K bbl/day gasoline-producing fluidic catalytic cracker in December for a planned overhaul along with two hydrotreaters lasting into January, according to the report . The Beaumont refinery is the third-largest in the U.S. by crude oil processing capacity; the refinery's FCCU accounts for 3.3% of FCCU capacity along the U.S. Gulf Coast, and its coker capacity is equal to 7.4% of U.S. Gulf Coast coking capacity, according to the U.S. Energy Information Administration. More on Exxon Mobil Exxon Mobil: Buy, But Only If You Accept The Oil Shock Premium Exxon Mobil: How Things Have Changed Exxon Mobil: Boosted By Powerful Pricing And Volume Tailwinds
New Era Energy & Digital ( NUAI ) announced on Wednesday the commencement of an underwritten public offering of shares of its common stock. The company intends to use the net proceeds it receives from the offering to repay all outstanding borrowings under a senior secured convertible promissory note payable to SharonAI, and the remainder, if any, for general corporate purposes. The company intends...
New Era Energy & Digital ( NUAI ) announced on Wednesday the commencement of an underwritten public offering of shares of its common stock. The company intends to use the net proceeds it receives from the offering to repay all outstanding borrowings under a senior secured convertible promissory note payable to SharonAI, and the remainder, if any, for general corporate purposes. The company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering at the public offering price, less the underwriting discounts and commissions. NUAI +7.24% after hours to $4.44. Source: Press Release More on New Era Energy & Digital, Inc. New Era Energy appoints Ted Warner as CFO New Era Energy to co-develop 1 GW hyperscale data center campus in Texas Financial information for New Era Energy & Digital, Inc.
Skycorp Solar ( PN ) on Wednesday said that it will implement a 1-for-20 reverse share split effective April 13, with its shares to begin trading on a split-adjusted basis on Nasdaq the same day. The company said every 20 shares will be consolidated into one, reducing the number of outstanding Class A shares to about 1.29 million from roughly 25.7 million. Skycorp added that its shares will contin...
Skycorp Solar ( PN ) on Wednesday said that it will implement a 1-for-20 reverse share split effective April 13, with its shares to begin trading on a split-adjusted basis on Nasdaq the same day. The company said every 20 shares will be consolidated into one, reducing the number of outstanding Class A shares to about 1.29 million from roughly 25.7 million. Skycorp added that its shares will continue to trade under the ticker “PN.” The reverse split was approved by the board on March 30 under prior shareholder authorization granted in October 2025. PN -0.86% after hours to $0.2973. Source: Press Release More on Skycorp Solar Group Ltd Financial information for Skycorp Solar Group Ltd
Wirestock/iStock Editorial via Getty Images An Indonesian aviation operator has placed an order for a Cessna Caravan aircraft, adding to its existing fleet as it expands services across the country’s remote and geographically dispersed regions, Textron Aviation ( TXT ) said Wednesday. Pictured from left to right: Yenna Yunaina, president director, YASA–SAM Air; Tony Jones, vice president of Asia-P...
Wirestock/iStock Editorial via Getty Images An Indonesian aviation operator has placed an order for a Cessna Caravan aircraft, adding to its existing fleet as it expands services across the country’s remote and geographically dispersed regions, Textron Aviation ( TXT ) said Wednesday. Pictured from left to right: Yenna Yunaina, president director, YASA–SAM Air; Tony Jones, vice president of Asia-Pacific sales, Textron Aviation; Jo Andri Mulyono, director, SAM Air (Textron Aviation) PT Semuwa Aviasi Mandiri, part of PT Yasa Artha Trimanunggal and operating as Yasa–SAM Air, plans to use the aircraft for a mix of cargo transport, passenger flights and weather modification missions, according to the announcement. Fleet expansion to support regional operations The company currently operates one Cessna Caravan and one Cessna Grand Caravan EX, which are used for charter and logistics services, including the transport of critical supplies. The additional aircraft is expected to increase capacity for domestic routes and support operations in areas with limited infrastructure. Indonesia’s geography, which includes thousands of islands, often requires aircraft capable of operating in remote or rugged environments with shorter runways. Multi-role missions The Cessna Caravan family, produced by Textron Aviation , has been in service for decades and is commonly used for a range of missions, including cargo transport, regional passenger service and humanitarian operations. More than 3,100 aircraft have been delivered globally, accumulating over 25 million flight hours, according to the company. The planes are used in more than 100 countries and are often deployed in regions where flexibility and short-field performance are required. Company executives from both the manufacturer and the Indonesian operator said in a statement that the aircraft’s operational flexibility and ability to reach remote locations were factors in the purchase, emphasizing its role in supporting logistics a...
Avalyn Pharma Inc. , a biopharma company developing inhaled treatments for respiratory diseases, filed for a US initial public offering. The Boston-based company’s pipeline is focused on treating pulmonary fibrosis, a disease with a median survival rate of three to five years, according to its filing Wednesday with the US Securities and Exchange Commission. Avalyn counts Novo Holdings A/S , an inv...
Avalyn Pharma Inc. , a biopharma company developing inhaled treatments for respiratory diseases, filed for a US initial public offering. The Boston-based company’s pipeline is focused on treating pulmonary fibrosis, a disease with a median survival rate of three to five years, according to its filing Wednesday with the US Securities and Exchange Commission. Avalyn counts Novo Holdings A/S , an investing vehicle of the controlling shareholder of weight loss drug giant Novo Nordisk A/S , among its backers, with a 13% holding before the offering, the filing shows. Avalyn raised $100 million in an oversubscribed funding round in July co-led by Suvretta Capital Management and SR One , according to a statement at the time. Avalyn’s AP01 drug has completed a clinical trial for patients with idiopathic pulmonary fibrosis and is in an open-label extension trial for patients with IPF and progressive pulmonary fibrosis, the filing shows. Its AP02 drug is in a phase 2 clinical trial for the treatment of IPF. The firm had a net loss of $85.2 million in 2025, compared with a net loss of $49.7 million in the year earlier, the filing shows. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The offering is being led by Morgan Stanley , Jefferies Financial Group Inc. , Evercore Inc. and Guggenheim Securities . The shares are expected to trade on the Nasdaq Global Market under the symbol AVLN.
TMC The Metals Company (NASDAQ: TMC) stock suffered a big pullback in March. The deep-sea mining company's share price moved 25.5% lower in a month that played host to a 5.1% decline for the S&P 500 and a 4.8% slip for the Nasdaq Composite . TMC's share price moved lower in conjunction with broader risk-off sentiment impacting the market connected to the Iran war. As a company that's still in a pr...
TMC The Metals Company (NASDAQ: TMC) stock suffered a big pullback in March. The deep-sea mining company's share price moved 25.5% lower in a month that played host to a 5.1% decline for the S&P 500 and a 4.8% slip for the Nasdaq Composite . TMC's share price moved lower in conjunction with broader risk-off sentiment impacting the market connected to the Iran war. As a company that's still in a pre-revenue state, the mining specialist's share price can see outsized moves in conjunction with macroeconomic and geopolitical headwinds. Its share price is now down 56% from its 52-week high. Image source: Getty Images. Continue reading
Alex Wong/Getty Images News The Trump administration is weighing a plan to relocate U.S. troops away from NATO countries that opposed the Iran war effort, the Wall Street Journal reported Wednesday, citing adminis tration officials. The proposal would move U.S. forces fr om nations deemed unhelpful and station them in more supportive allied countries. While falling short of Trump’s recent threats ...
Alex Wong/Getty Images News The Trump administration is weighing a plan to relocate U.S. troops away from NATO countries that opposed the Iran war effort, the Wall Street Journal reported Wednesday, citing adminis tration officials. The proposal would move U.S. forces fr om nations deemed unhelpful and station them in more supportive allied countries. While falling short of Trump’s recent threats to fully withdraw from NATO—something he cannot do without Congressional approval—the plan signals deepening tensions between Washington and European allies. “It’s quite sad that NATO turned their backs on the American people over the last six weeks when it’s the American people who have been funding their defense,” White House press secretary Karoline Leavitt said Wednesday. Several allies have drawn administration ire. Spain blocked U.S. planes from its airspace, Italy briefly denied access to an air base in Sicily and German officials criticized the war publicly. The plan could include closing bases in Spain or Germany. Eastern European nations viewed as supportive—including Poland, Romania, Lithuania, and Greece—could receive additional troops , the WSJ reported . These countries maintain some of the highest defense spending rates in the alliance and quickly approved U.S. requests for base access. The White House didn't immediately respond to Seeking Alpha's request for comnent. Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on the Markets U.S. Defense Stock Underperformance: What The Market Is Telling Us Dow Jones And U.S. Stock Market Outlook - Bulls Are Back In Vengeance After The U.S.-Iran Ceasefire Short Selling Points To Higher Prices SA analyst: Stocks surge on ceasefire, but risks still loom beneath rally Hedge funds rush to cover shorts as ceasefire sparks rally - report
Torsten Asmus/iStock via Getty Images Treasury Bond Trading Surges Treasury bond trading has surged over the past six weeks as the ramifications of the conflict in the Middle East come into focus. Average daily volume of trading Treasury securities exceeded $1 trillion each and every day in March, an all-time high. This is up from 86% of the days in February and 81% of the days in January. Bloombe...
Torsten Asmus/iStock via Getty Images Treasury Bond Trading Surges Treasury bond trading has surged over the past six weeks as the ramifications of the conflict in the Middle East come into focus. Average daily volume of trading Treasury securities exceeded $1 trillion each and every day in March, an all-time high. This is up from 86% of the days in February and 81% of the days in January. Bloomberg The average daily volume of Treasury trades was $1.4 trillion for March, a new monthly record. It is 20% higher than February and 7% above the previous monthly high of $1.3 trillion, set last April, when Liberation Day introduced the imposition of new tariffs on our trading partners. Primary Dealers Are Increasing Their Positions Primary Dealers are at the center of all trading activity in Treasury Bonds. They are the market makers, and profit from each trade that is executed. The Primary Dealers have also become more significant players in positioning Treasury Securities for their own account, as well. Primary Dealer Treasury holdings have risen to an all-time high of $510 billion as of the most recent reporting period put out by the New York Fed. New York Fed This is up 13% YTD, and up 51% since the Debt Ceiling was lifted last July. While the overall Treasury market has grown significantly since then, rising by $3 trillion to $39.1 trillion, Primary Dealer Treasury positions have increased at a faster rate. Primary Dealers now own 1.6% of the Publicly Held Treasury Bonds Outstanding, up from 1.1% when the Debt Ceiling was raised last summer. U.S. Treasury and NY Fed Primary Dealer Treasury holdings have also quadrupled since 2022, when the Fed began reducing their Treasury exposure through Quantitative Tightening. New Supplementary Leverage Ratio Standards Have Enabled Balance Sheet Expansion One of the constraints restricting Primary Dealers has been the Supplementary Leverage Ratio (SLR), which is a measure of a bank’s Tier 1 Capital relative to its total leverage. ...
No Real People Were Polled: AI Is Now Fabricating What "The Public Thinks" The other day Axios ran a piece that cited "findings" that a majority of people trusted their doctors and nurses. Turns out, those "findings" were completely fabricated by a company called Aaru - using AI (causing Axios to issue an editor's note and 'clarification')Aaru uses something they call " silicon sampling ," where l...
No Real People Were Polled: AI Is Now Fabricating What "The Public Thinks" The other day Axios ran a piece that cited "findings" that a majority of people trusted their doctors and nurses. Turns out, those "findings" were completely fabricated by a company called Aaru - using AI (causing Axios to issue an editor's note and 'clarification')Aaru uses something they call " silicon sampling ," where large language models (the AI) can emulate humans at a fraction of the cost and time required for traditional polling, the NY Times reports. Silicon sampling isn’t polling . It is the outright fabrication of public opinion by machines - and major news outlets and research firms are now publishing those fabrications as legitimate findings. This is not an isolated slip. The technology is being embraced by some of the biggest names in media, polling, and corporate research. Gallup has partnered with the startup Simile to create thousands of AI-generated “digital twins” that stand in for real people. Ipsos is working with Stanford to pioneer synthetic data for public opinion studies. CVS, whose venture arm invested in Simile, is already using these fabricated insights to shape customer strategy. And outlets like Axios are treating the output as news. The entire point of polling has always been authenticity - capturing what actual humans actually think (after oversampling your preferred party to make it look like as if people like Hillary Clinton). That process is imperfect and messy. Let’s say a pollster wants to learn how many people in the United States are in favor of a certain policy measure, but the pollster ends up with a survey that includes 80 percent Republicans and only 20 percent Democrats. The pollster may think that in reality the country is closer to a 50-50 split, so the results are rebalanced to reflect that perceived reality. This means that the percentages you read as the results of polling are the output of the model, not numbers from the actual survey data. T...
周三,Meta发布了其宣称迄今最强大的 AI 模型,这是该公司全面推进 AI 转型布局的关键一环。 这款名为 Muse Spark 的模型,是 Meta Superintelligence Labs推出的首款产品,该实验室由 CEO 马克・扎克伯格于去年 6 月正式公布。 据报道,其成立的原因是首席执行官马克·扎克伯格 对 Meta 及其 Llama 模型的发展进度感到不满 ,认为它们落后于 Op...
周三,Meta发布了其宣称迄今最强大的 AI 模型,这是该公司全面推进 AI 转型布局的关键一环。 这款名为 Muse Spark 的模型,是 Meta Superintelligence Labs推出的首款产品,该实验室由 CEO 马克・扎克伯格于去年 6 月正式公布。 据报道,其成立的原因是首席执行官马克·扎克伯格 对 Meta 及其 Llama 模型的发展进度感到不满 ,认为它们落后于 OpenAI 的 ChatGPT 和 Anthropic 的 Claude。 随后扎克伯格招揽了一众 AI 领域顶尖人才,包括 Scale.AI 创始人Alexandr Wang,并正式组建 Meta Superintelligence Labs。 午间交易时段,Meta 股价涨幅超 9%。 Alexandr Wang在 X 平台发文称,Meta 目前已将 Muse Spark 应用于旗下 Meta AI 服务,且公司已着手研发更大规模的模型。 扎克伯格则在 Facebook 发文介绍了这款 AI 的全新能力,表示:“它是一款世界级智能助手,在个人超级智能相关领域表现尤为突出,比如视觉理解、健康、社交内容、购物、游戏等诸多方面。” Meta 表示,Muse Spark 可分派多个子智能体执行不同任务,以完成各类用户需求。举例而言,用户如今可通过 Meta AI 规划家庭旅行。该 AI 的多个子智能体将同步拟定行程、对比备选目的地、筛选可参与的活动。 这款 AI 还具备图像识别能力,可对识别内容提供分析解读。比如用户拍摄机场商店货架上的零食,Meta AI 会展示相关商品信息,并告知哪一款蛋白质或卡路里含量最高。 对 Meta 而言至关重要的是,Alexandr Wang在 X 平台写道,Muse Spark 的深度思考模式,“可与 Gemini Deep Think、GPT Pro 等其他顶级推理模型相抗衡”。 模型评估文件显示,Muse Spark 在部分评测维度超越 Anthropic 、谷歌、OpenAI、xAI 的 AI 模型,但在其他领域仍存在差距。 与此前 AI 模型不同,Meta 此次并未将 Muse Spark 开源,但表示未来版本计划开放源码。 与其他科技巨头一样,Meta 正斥资数十亿美元布局 AI 建设。最新季度财报显示,公司预计 2026 年 AI 相关...
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Raymond James Financial Inc (Symbol: RJF) has taken over the #325 spot from Citizens Financial Group Inc (Symbol: CFG), according to The Online Investor. Market capit
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Raymond James Financial Inc (Symbol: RJF) has taken over the #325 spot from Citizens Financial Group Inc (Symbol: CFG), according to The Online Investor. Market capit
Alphabet Inc (NASDAQ:GOOGL) is among the best performing cybersecurity stocks in 2025. On March 27, Barclays named Google parent Alphabet Inc (NASDAQ:GOOGL) among its best compute stocks. The firm sees Alphabet as well positioned to benefit from AI infrastructure buildout. It’s projected that AI infrastructure spending by large cloud service providers and AI labs could […]
Alphabet Inc (NASDAQ:GOOGL) is among the best performing cybersecurity stocks in 2025. On March 27, Barclays named Google parent Alphabet Inc (NASDAQ:GOOGL) among its best compute stocks. The firm sees Alphabet as well positioned to benefit from AI infrastructure buildout. It’s projected that AI infrastructure spending by large cloud service providers and AI labs could […]