Key Points Bienville sold its entire stake of 234,818 shares in monday.com during the first quarter. The quarter-end position value decreased by $34.65 million, reflecting both share sale and price movements during the period. The position was previously 5.5% of the fund’s AUM as of the prior quarter, underscoring the significance of the disposition. 10 stocks we like better than Monday.com › What...
Key Points Bienville sold its entire stake of 234,818 shares in monday.com during the first quarter. The quarter-end position value decreased by $34.65 million, reflecting both share sale and price movements during the period. The position was previously 5.5% of the fund’s AUM as of the prior quarter, underscoring the significance of the disposition. 10 stocks we like better than Monday.com › What happened Bienville Capital Management, LLC reported in a May 13, 2026, SEC filing that it sold all 234,818 shares of monday.com (NASDAQ:MNDY) during the first quarter. The estimated value of the transaction is $22.53 million, calculated using the average unadjusted closing price for the quarter. What else to know Bienville exited its position in monday.com in Q1, which represented 5.5% of the fund’s AUM in the previous quarter. Top holdings after the filing include: NYSEMKT: ACIO: $43.24 million (7.9% of AUM) NASDAQ: MELI: $36.73 million (6.7% of AUM) NASDAQ: DASH: $29.86 million (5.4% of AUM) NYSE: CIEN: $27.24 million (5.0% of AUM) NYSE: KVYO: $23.89 million (4.3% of AUM) As of May 13, 2026, shares of monday.com were priced at $67.70, down 76.7% over the past year, underperforming the S&P 500 by 103.16 percentage points. Monday.com reported trailing twelve months revenue of $1.3 billion and net income of $119.4 million. Company overview Metric Value Price (as of market close May 13, 2026) $67.70 Market capitalization $3.5 billion Revenue (TTM) $1.3 billion Net income (TTM) $119.4 million Company snapshot Monday.com offers a cloud-based Work OS platform with modular applications for project management, CRM, marketing, software development, and workflow automation. It leverages a scalable SaaS business model to drive recurring revenue and expand its global customer base. The company serves organizations of all sizes globally, including enterprises, educational institutions, government agencies, and business units seeking collaborative work management solutions. Monday.com ...
vchal/iStock via Getty Images Deep Fission, a Berkeley, California-based nuclear energy startup developing underground small modular reactors, on Wednesday filed for an initial public offering in the latest sign that Wall Street’s appetite for advanced nuclear power remains strong amid surging electricity demand from artificial intelligence and data centers. The company said in its S-1 filing with...
vchal/iStock via Getty Images Deep Fission, a Berkeley, California-based nuclear energy startup developing underground small modular reactors, on Wednesday filed for an initial public offering in the latest sign that Wall Street’s appetite for advanced nuclear power remains strong amid surging electricity demand from artificial intelligence and data centers. The company said in its S-1 filing with the U.S. Securities and Exchange Commission that it plans to offer 6 million shares of common stock on the Nasdaq Global Market under the ticker symbol “FISN.” Deep Fission estimated an initial price range of $24 to $26 a share, which would value the company at about $1.65 billion. Founded by Chief Executive Elizabeth Muller, Deep Fission is pursuing a novel approach to nuclear energy by placing reactors deep underground in boreholes, an idea the company says could reduce construction costs and improve safety compared with traditional above-ground nuclear facilities. The filing arrives just weeks after nuclear reactor developer X-Energy ( XE ) completed a blockbuster IPO that raised more than $1 billion and briefly pushed its valuation close to $12 billion. Investors have poured into nuclear startups this year as hyperscale cloud providers and AI companies search for stable, carbon-free electricity sources to support power-hungry data centers. Why investors are paying attention Deep Fission’s filing is significant because it signals that public investors are increasingly willing to fund early-stage nuclear technology companies despite the sector’s long timelines, regulatory hurdles and heavy capital requirements. The broader investment thesis centers on a rapidly growing belief that renewable energy alone may not satisfy future electricity demand driven by AI computing infrastructure. Advanced nuclear companies are positioning themselves as a potential answer, particularly as technology giants seek around-the-clock power sources that do not rely on fossil fuels. The IPO ma...
The proposed CAD 3.5 billion project — expected to go live in the second half of 2027 — would place HIVE's planned AI campus in the same broad scale category as some of the largest Nvidia-powered AI clusters currently being built by hyperscalers and frontier-model companies. But the bigger takeaway may be that sovereign AI infrastructure is rapidly becoming a global trend. The AI Infrastructure Ra...
The proposed CAD 3.5 billion project — expected to go live in the second half of 2027 — would place HIVE's planned AI campus in the same broad scale category as some of the largest Nvidia-powered AI clusters currently being built by hyperscalers and frontier-model companies. But the bigger takeaway may be that sovereign AI infrastructure is rapidly becoming a global trend. The AI Infrastructure Race Is Turning Geopolitical Then came Elon Musk's xAI (now SpaceXAI) and its Colossus supercluster in Memphis, which helped popularize the idea of giant 100,000-GPU-scale AI campuses. Now, governments and sovereign-backed groups increasingly want their own versions. Nvidia May Quietly Be The Biggest Winner Ironically, many sovereign AI ambitions still rely heavily on American technology — especially Nvidia GPUs. That dynamic could become one of Nvidia's next major growth engines. Instead of selling primarily to hyperscalers and AI startups, Nvidia increasingly sits at the center of a much broader infrastructure buildout involving: sovereign compute initiatives regional AI campuses national cloud strategies domestically governed supercomputing projects In many ways, the AI race may no longer simply be about who builds the best chatbot. It may increasingly be about which countries control the compute infrastructure powering the next generation of AI economies. Image via Shutterstock
Scharfsinn86/iStock via Getty Images Hesai Group ( HSAI ) reported a mixed start to 2026. The Chinese LiDAR sensor company’s shipment outlook is great as demand for LiDARs continues to grow, but a continued shift to lower-margin products has weakened earnings progress. I believe that it’s now important to watch where the gross margin will head in the next few quarters. The entry into physical AI a...
Scharfsinn86/iStock via Getty Images Hesai Group ( HSAI ) reported a mixed start to 2026. The Chinese LiDAR sensor company’s shipment outlook is great as demand for LiDARs continues to grow, but a continued shift to lower-margin products has weakened earnings progress. I believe that it’s now important to watch where the gross margin will head in the next few quarters. The entry into physical AI adds a revenue stream past LiDAR, but Hesai’s new segment’s success is uncertain. I maintained a Hold rating in my previous March article on the stock, titled “ Hesai Group: Good Earnings Growth Outlook Ahead. ” The stock has since returned 3%; meanwhile, the S&P 500 has returned 14%. My Rating History on HSAI (Seeking Alpha) Hesai Q1 Review Hesai’s Q1 report showed a mixed performance from the company. The overall growth story remains on track, but not without caveats. Shipments again showed a strong year-on-year performance at 141% growth to 471.7 thousand. Hesai’s partnerships with leading Chinese automotive OEMs and expansion into foreign markets continue to strengthen Hesai’s market position while LiDAR’s global usage increases. Internationally, Hesai announced a strategic partnership with Mercedes-Benz and a design win with Toyota in the Q1 press release—Hesai is clearly diversifying its presence past the Chinese EV market. At the same time, robotics shipments have continued to grow at a very fast but steady pace as new use cases for LiDARs in robotics continue to arise. Coming from a very strong Q4, shipments did decline by -25% sequentially. I believe that the drop is explained by seasonality and quarterly fluctuation in shipments, though. Hesai has reported a sequential shipment drop in prior Q1 reports as well. The company still expects to achieve 3.0-3.5 million shipments in 2026, implying record-high 926 thousand average quarterly shipments from Q2 to Q4. Author's Illustration Using HSAI Press Release Data A key factor to watch going forward is Hesai’s margin per...
Image source: The Motley Fool. Wednesday, May 20, 2026 at 10 a.m. ET CALL PARTICIPANTS Chairman, President, and CEO — John C. Hadjipateras Chief Financial Officer — Theodore B. Young Chief Commercial Officer — Tim T. Hansen Head of Energy Transition — John C. Lycouris Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Fleet composition -- Dorian LPG LPG +12.53% ) -- VLGC ma...
Image source: The Motley Fool. Wednesday, May 20, 2026 at 10 a.m. ET CALL PARTICIPANTS Chairman, President, and CEO — John C. Hadjipateras Chief Financial Officer — Theodore B. Young Chief Commercial Officer — Tim T. Hansen Head of Energy Transition — John C. Lycouris Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Fleet composition -- Dorian LPG LPG +12.53% ) -- VLGC market dynamics -- There are 427 VLGCs globally, with about 124 ships on order, or nearly 30% of the existing fleet. -- There are 427 VLGCs globally, with about 124 ships on order, or nearly 30% of the existing fleet. Newbuilding investments -- The latest VLGC newbuilding price is approximately $115 million, a 2.5% annualized increase since the 2004 order price of $65 million. -- The latest VLGC newbuilding price is approximately $115 million, a 2.5% annualized increase since the 2004 order price of $65 million. Recent fleet actions -- The 93,000 cbm Arianne, a fully ammonia-capable dual fuel VLGC, was delivered in late March but will not impact P&L until fiscal Q1 2027. -- The 93,000 cbm Arianne, a fully ammonia-capable dual fuel VLGC, was delivered in late March but will not impact P&L until fiscal Q1 2027. Asset sales and debt reduction -- The sale of the COBRA completed in May, generated approximately $30 million in gain and repaid $16.5 million of debt. -- The sale of the COBRA completed in May, generated approximately $30 million in gain and repaid $16.5 million of debt. Shareholder returns -- An irregular dividend of $1 per share was declared, representing a significant increase from the prior quarter and reflecting management's constructive market outlook. -- An irregular dividend of $1 per share was declared, representing a significant increase from the prior quarter and reflecting management's constructive market outlook. Free cash -- Free cash stood at $327.4 million at quarter end, sequentially up from the prior quarter. -- Free cash stood at $327.4 million at qua...
Mizuho raised its price target on UnitedHealth Group (NYSE:UNH) to $440 from $410 and kept an Outperform rating on the managed care leader. The call is part of a sector-wide constructive reset by the firm, with price targets lifted across five major insurers on the same day. For watchful investors, the message is that the ... UnitedHealth Price Target Lifted to $440 at Mizuho: The Managed Care Sto...
Mizuho raised its price target on UnitedHealth Group (NYSE:UNH) to $440 from $410 and kept an Outperform rating on the managed care leader. The call is part of a sector-wide constructive reset by the firm, with price targets lifted across five major insurers on the same day. For watchful investors, the message is that the ... UnitedHealth Price Target Lifted to $440 at Mizuho: The Managed Care Storm Clouds Are Clearing
Image source: The Motley Fool. Wednesday, May 13, 2026 at 8:30 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Bruce Lowthers Chief Financial Officer — John Crawford TAKEAWAYS Revenue -- $442.7 million, up 10%, with organic growth at 8% and currency normalization yielding 6% growth after a $7 million data licensing deal. -- $442.7 million, up 10%, with organic growth at 8% and currency normali...
Image source: The Motley Fool. Wednesday, May 13, 2026 at 8:30 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Bruce Lowthers Chief Financial Officer — John Crawford TAKEAWAYS Revenue -- $442.7 million, up 10%, with organic growth at 8% and currency normalization yielding 6% growth after a $7 million data licensing deal. -- $442.7 million, up 10%, with organic growth at 8% and currency normalization yielding 6% growth after a $7 million data licensing deal. Adjusted EBITDA -- $99.2 million, up 4%, as margin decreased 130 basis points from increased marketing and IT spend of $6 million and credit loss expense up $10 million, partly offset by the data deal benefit. -- $99.2 million, up 4%, as margin decreased 130 basis points from increased marketing and IT spend of $6 million and credit loss expense up $10 million, partly offset by the data deal benefit. Unlevered free cash flow -- $67 million, up 17%, with EBITDA conversion at 67%; LTM conversion reached 71% with $307 million generated. -- $67 million, up 17%, with EBITDA conversion at 67%; LTM conversion reached 71% with $307 million generated. Adjusted EPS -- $0.41, increasing 21% as a result of reduced share count. -- $0.41, increasing 21% as a result of reduced share count. Net leverage ratio -- 5.2x, down from 5.5x, following $100 million in debt repayment, aligned with management’s stated top priority for 2026. -- 5.2x, down from 5.5x, following $100 million in debt repayment, aligned with management’s stated top priority for 2026. Digital Wallets volume -- $7.1 billion, up 19% (9% constant currency), with revenue up 15% to $216.3 million and organic growth at 7%; active user count increased 9% and average revenue per user rose 6%. -- $7.1 billion, up 19% (9% constant currency), with revenue up 15% to $216.3 million and organic growth at 7%; active user count increased 9% and average revenue per user rose 6%. Merchant Solutions volume -- $37.2 billion, up 9%; organic revenue growth of 9% (about 5% normaliz...
Bradley E. Singer, a member of the Board of Directors at Warby Parker (WRBY 2.33%), reported the sale of 25,000 common shares held indirectly via the Bradley Singer Revocable Trust. The disposition occurred across two open-market transactions valued at approximately $715,000, as disclosed in the SEC Form 4 filing. Transaction summary Metric Value Shares sold (indirect) 25,000 Transaction value ~$7...
Bradley E. Singer, a member of the Board of Directors at Warby Parker (WRBY 2.33%), reported the sale of 25,000 common shares held indirectly via the Bradley Singer Revocable Trust. The disposition occurred across two open-market transactions valued at approximately $715,000, as disclosed in the SEC Form 4 filing. Transaction summary Metric Value Shares sold (indirect) 25,000 Transaction value ~$715,000 Post-transaction shares (direct) 16,026 Post-transaction shares (indirect) 100,000 Post-transaction value (direct ownership) ~$459,000 Transaction and post-transaction values based on the SEC Form 4 weighted average price ($28.61). Key questions What portion of Bradley Singer’s ownership did this transaction impact? The 25,000 shares sold represented 17.73% of Singer’s combined direct and indirect holdings before the sale. The 25,000 shares sold represented 17.73% of Singer’s combined direct and indirect holdings before the sale. How does the transaction size compare to Singer’s previous selling activity? The 25,000-share sale is the largest of Singer’s two recent sell transactions, exceeding the prior 15,793-share sale on March 4, 2026, and matching the upper end of his historical sell trade range (15,793–25,000 shares). The 25,000-share sale is the largest of Singer’s two recent sell transactions, exceeding the prior 15,793-share sale on March 4, 2026, and matching the upper end of his historical sell trade range (15,793–25,000 shares). Are there any direct holdings or options affected by this transaction? No direct shares or derivative securities were involved; Singer’s direct holdings remain at 16,026 shares. No direct shares or derivative securities were involved; Singer’s direct holdings remain at 16,026 shares. What is the remaining ownership structure and its significance? After this transaction, Singer continues to hold 16,026 shares directly and 100,000 shares indirectly, maintaining a meaningful equity position in Warby Parker via both personal and trust o...
Daniel Goldberg has spent the past few years hunting for returns in some of Latin America’s most complex markets, from buying Argentine debt to helping finance a bridge over the Panama Canal. Now, the veteran of Farallon Capital Management LLC sees opportunities surfacing in Brazil, where borrowing costs are near a two-decade high and companies grapple with mounting debt loads. At his Lumina Capit...
Daniel Goldberg has spent the past few years hunting for returns in some of Latin America’s most complex markets, from buying Argentine debt to helping finance a bridge over the Panama Canal. Now, the veteran of Farallon Capital Management LLC sees opportunities surfacing in Brazil, where borrowing costs are near a two-decade high and companies grapple with mounting debt loads. At his Lumina Capital Management , which manages over $4 billion, Goldberg has had his eye on sectors including renewable energy, health care, chemicals, software and agribusiness, with much of the focus on more tradable securities. “The opportunity in liquid securities has been as compelling as I have seen in maybe 10 years or more,” Goldberg said in an interview in New York. The Sao Paulo-based firm raised $1.5 billion last year for its Lumina Fund III, and Goldberg — who set up Lumina in 2022 after spending a decade at Farallon — said nearly all of the capital deployed so far has gone into those liquid securities. That marks a shift from the predominantly private transactions pursued earlier by the firm. Brazil’s renewable-energy sector is among Lumina’s biggest themes. Goldberg said the rapid expansion of solar generation, particularly distributed generation, has overwhelmed transmission capacity and increased curtailment risks for power producers. “We’ve been very active in renewable power,” Goldberg said. The convergence of multiple sector-specific credit cycles is creating opportunities as traditional capital providers are unable to absorb demand, he said. Lumina has built a desk to buy agricultural non-performing loans and help farming businesses restructure, Goldberg said. He pointed to higher real rates, increased leverage through tax-exempt agribusiness securitizations and changes in Brazil’s restructuring framework that made it easier for farmers to seek court protection. The firm also sees opportunities emerging in health care, where insurers and hospital operators continue adjus...
(RTTNews) - Following the weakness seen in the previous session, stocks have shown a strong move back to the upside during trading on Wednesday. The major averages have all climbed firmly into positive territory, with the tech-heavy Nasdaq leading the way higher. Currently, the major averages are just off their highs of the session. The Nasdaq is up 297.39 points or 1.2 percent at 26,168.10, the S...
(RTTNews) - Following the weakness seen in the previous session, stocks have shown a strong move back to the upside during trading on Wednesday. The major averages have all climbed firmly into positive territory, with the tech-heavy Nasdaq leading the way higher. Currently, the major averages are just off their highs of the session. The Nasdaq is up 297.39 points or 1.2 percent at 26,168.10, the S&P 500 is up 58.36 points or 0.8 percent at 7,411.97 and the Dow is up 373.25 points or 0.8 percent at 49,737.13. The strength on Wall Street comes amid a significant pullback by treasury yields, which are giving back ground along with the price of crude oil. The yield on the benchmark ten-year note is pulling back off its highest levels in well over a year as U.S. crude oil futures plunge by more than 3 percent. Crude oil futures are extending the modest decrease seen in the previous session after President Donald Trump claimed the U.S. war with Iran will end "very quickly." "We're going to end that war very quickly," Trump told lawmakers gathered at the White House for the annual congressional picnic on Tuesday. "They want to make a deal so badly." "It's going to happen, and it's going to happen fast. And you're going to see oil prices plummet," the president added. Meanwhile, traders are also looking ahead to earnings news from Nvidia (NVDA), with the chipmaker due to report its first quarter results after the close of trading. With Nvidia seen as a leader in the artificial intelligence space, the company's results and guidance could have a significant impact on the outlook for the markets. Sector News Airline stocks have moved sharply higher amid the steep drop by the price of crude oil, with the NYSE Arca Airline Index soaring by 5.8 percent. Substantial strength is also visible among semiconductor stocks, as reflected by the 3.6 percent surge by the Philadelphia Semiconductor Index. Industry giants Advanced Micro Devices (AMD) and Intel (INTC) are posting standout gai...
Robert Way/iStock Editorial via Getty Images Luxury goods behemoth LVMH Moët Hennessy ( LVMUY ) ( LVMHF ) is no foreigner to the world of mergers and acquisitions. It made the biggest ever acquisition in the luxury market by buying out the US-based jewelry company Tiffany & Co. in 2021 for USD 15.8 billion. Seen in this perspective, news of the sale of its Marc Jacobs brand of the signature canvas...
Robert Way/iStock Editorial via Getty Images Luxury goods behemoth LVMH Moët Hennessy ( LVMUY ) ( LVMHF ) is no foreigner to the world of mergers and acquisitions. It made the biggest ever acquisition in the luxury market by buying out the US-based jewelry company Tiffany & Co. in 2021 for USD 15.8 billion. Seen in this perspective, news of the sale of its Marc Jacobs brand of the signature canvas tote bag shouldn't call for a closer look. After all, as this Reuters article notes, "The deal follows smaller disposals over the past two years, including streetwear label Off-White, a minority stake in Stella McCartney and travel retail operations in Greater China." Significance of the Marc Jacobs sale Except that it is, in fact, important. Because of where LVMH is as a company. Consider the following developments: Worse revenue slump than peers: In the past three years, the company's revenues have seen a CAGR of under 1%. By comparison, three of the four biggest luxury companies by market capitalisation have seen far better demand. Hermès ( HESAY ) leads with a three-year revenue CAGR of 11.3%, but even the Cartier-owning Swiss company Richemont ( CFRUY ) and New York-based Tapestry ( TPR ) of brands like Coach and Kate Spade have seen over 5% increases each. Still healthy, but softening margins: While its margin for profits from recurring operations remains above a healthy 20%, the figure has dropped to 22% as of 2025 compared to ~27% in 2022. With the luxury market's fledgling recovery at risk due to the war, what with its increasing impact on inflation rates , margins can come under further pressure. Sharp price drop over time: With its weakening fundamentals, the LVMH stock has lost over 40% of its value over the past three years. To be fair, it's hardly the only one. HESAY and Gucci owner Kering ( PPRUY ) have seen pullbacks too. But even then, LVMUY is relatively better placed compared only with PPRUY compared to the rest, with TPR actually seeing over 200% price ...
Key Points Waymo issued a voluntary recall to address an issue in which its vehicles are driving onto flooded streets. The company's autonomous vehicles have driven more than 200 million real-world miles. Waymo is a leader in the massive AV market and already completes 500,000 paid rides every week. 10 stocks we like better than Alphabet › Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Waymo recently i...
Key Points Waymo issued a voluntary recall to address an issue in which its vehicles are driving onto flooded streets. The company's autonomous vehicles have driven more than 200 million real-world miles. Waymo is a leader in the massive AV market and already completes 500,000 paid rides every week. 10 stocks we like better than Alphabet › Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Waymo recently issued a voluntary recall of its autonomous vehicles (AVs) -- about 3,800 in all -- which got a lot of attention. Apparently, when a self-driving car drives itself into a flooded road (thankfully, with no one inside) and gets swept away into a creek, people understandably freak out a little. But the mishap, along with additional reports of some Waymo vehicles struggling to navigate heavy rain and flooded roads, is likely a temporary issue for the company rather than an ongoing problem. 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 » And it's unlikely to negatively impact the company's long-term potential to tap into the nearly $2 trillion global AV market taking shape between now and 2035. How deep do you think that water is? After a handful of Waymos made very public driving mistakes in bad weather, the NHTSA began an initial probe in April. That led to Waymo issuing a voluntary recall, meaning the company proactively took its AV fleet off the streets in the 11 cities where it operates to address the issues. That's important to highlight because Waymo has, from the beginning of its formerly named Google self-driving car project, been very focused on safety. It may seem to some riders that Waymo cars are just popping up overnight in new cities, but the company has tested its AV software for more than a decade, with millions of real-world miles driven and billions of digital miles logged. Like any software ...
Rachel Reeves is trying to get on with the day job - as we report today, the chancellor has privately proposed freezes on food prices to try and ease cost of living pressures . An idea that has drawn strong backlash from industry. Keir Starmer also confirmed the 5p increase in fuel duty has been postponed . Reeves will be relieved that inflation has now fallen to 2.8% , partly because of her measu...
Rachel Reeves is trying to get on with the day job - as we report today, the chancellor has privately proposed freezes on food prices to try and ease cost of living pressures . An idea that has drawn strong backlash from industry. Keir Starmer also confirmed the 5p increase in fuel duty has been postponed . Reeves will be relieved that inflation has now fallen to 2.8% , partly because of her measures in last November’s budget to take the cost of green energy levies off bills and onto general taxation. But everyone knows there is probably worse to come. Check out Sam from Markets Today below. Infuriatingly for the chancellor, few are listening. Most of Westminster is thinking about who will be in No10 come September. The in utero leadership contest has already seen Andy Burnham have to rule out using key levers - he’s said he won’t relax the borrowing rules, after some forensic questioning by our political editor on Monday . Burnham has also ruled out rejoining the single market. These are large pieces of intellectual real estate to vacate so early on. One subject that hasn’t yet featured is AI. I am frequently surprised by what’s dominating the debate in the City of London versus the debate a little bit down the river at Westminster. Most of you will know that right now our site is hopping with takes on something said by Standard Chartered’s Bill Winters that should be catnip to Labour politicians. If a ‘gaffe’ is when a politician accidentally says something they really believe, this is something adjacent - Winters talked on Monday about how AI offered a great chance to cut “lower value human capital” . Winters has been lambasted for his tone and his tail appears firmly between his legs - he’s been out today “reassuring staff” . But he spoke for a large number of bosses who see AI as a way to automate roles and shrink headcount . Every day brings the same story - here’s Meta laying off 8,000 . Coming the day after Winters, HSBC George Elhedery was able to strike a ...
In Brief Yesterday’s big news was Google’s plan to blow up its traditional Search in favor of an AI-powered experience — but Google isn’t the only company planning for the next generation of discoverability. This morning, Bloomberg has news of the Andreessen-backed Exa Labs, which has raised $250 million against a $2.5 billion valuation to go after the same market. And it’s part of a wave of start...
In Brief Yesterday’s big news was Google’s plan to blow up its traditional Search in favor of an AI-powered experience — but Google isn’t the only company planning for the next generation of discoverability. This morning, Bloomberg has news of the Andreessen-backed Exa Labs, which has raised $250 million against a $2.5 billion valuation to go after the same market. And it’s part of a wave of startups all chasing AI search, which has quietly become one of the most attractive targets in consumer AI. From Bloomberg: Exa is part of a wave of startups that are vying to transform the search industry, including Tavily, TinyFish and Parallel Web Systems. Led by former Twitter Chief Executive Officer Parag Agrawal, Parallel recently raised $100 million at a $2 billion valuation in a round led by venture firm Sequoia Capital, according to the Wall Street Journal. At the same time, we’re also seeing conventional tech platforms like Amazon, LinkedIn and Reddit looking to AI to revamp their search and discoverability features — so there will be plenty of potential acquirers if any of the startups start looking to sell. The biggest competitor is ChatGPT, which still owns the interface layer and, prior to the Google launch, was handling the vast majority of the AI-powered searches taking place on a given day. But OpenAI can’t make Search a priority and Google has an ad business to protect, which could leave room for a smaller lab like Exa or Parallel to carve out a niche for itself.
For the 2026 World Cup, some countries played six qualifiers but some played eight. Now all will play six. Every team in the 12-team group will play six home-or-away matches against six different opponents - two per pot. It moves qualifying away from the regular format where teams would play all opponents in their group home and away. The best-ranked teams of each group of League 1 will qualify fo...
For the 2026 World Cup, some countries played six qualifiers but some played eight. Now all will play six. Every team in the 12-team group will play six home-or-away matches against six different opponents - two per pot. It moves qualifying away from the regular format where teams would play all opponents in their group home and away. The best-ranked teams of each group of League 1 will qualify for the World Cup, with the remaining places allocated via play-offs. Uefa has not confirmed the breakdown of the automatic slots. The remaining 18, lower-ranked countries - under the current format, effectively all but the group winners in League C and all seven countries in League D - will take part in League 2. Countries in League 2 would still have opportunities to qualify. Uefa president Aleksander Ceferin said: "The new formats will improve competitive balance, reduce the number of dead matches, offer a more appealing and dynamic competition to fans, while ensuring a fair qualification chance for all teams and without adding any additional dates in the international calendar." Uefa also announced that the Nations League would be restructured from 2028, into three divisions of 18 teams - each with three groups of six teams. Teams will still play six matches, but against five different opponents. There will be three pots of six teams. For example, a team in pot one would play another team from pot one home and away, plus two teams each from pots two and three home or away. Semi-finals, finals, promotion and relegation will continue.
Image source: The Motley Fool. Tuesday, May 12, 2026 at 6 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Ricardo da Silva Chief Executive Officer, PagBank — Carlos Mauad Chief Financial and Investor Relations Officer — Gustavo Bahia Sechin TAKEAWAYS Total Payment Volume (TPV) -- BRL 128 billion, flat year over year, with management highlighting "a gradual reacceleration versus prior quarters....
Image source: The Motley Fool. Tuesday, May 12, 2026 at 6 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Ricardo da Silva Chief Executive Officer, PagBank — Carlos Mauad Chief Financial and Investor Relations Officer — Gustavo Bahia Sechin TAKEAWAYS Total Payment Volume (TPV) -- BRL 128 billion, flat year over year, with management highlighting "a gradual reacceleration versus prior quarters." -- BRL 128 billion, flat year over year, with management highlighting "a gradual reacceleration versus prior quarters." Credit Portfolio -- BRL 51 billion, up 11% year over year, led by a 36% rise in total loans, with working capital loans increasing 191% year over year to represent 10% of the portfolio. -- BRL 51 billion, up 11% year over year, led by a 36% rise in total loans, with working capital loans increasing 191% year over year to represent 10% of the portfolio. Deposits -- BRL 42 billion, a 23% year-over-year rise, with over 90% sourced from the company's own platform. -- BRL 42 billion, a 23% year-over-year rise, with over 90% sourced from the company's own platform. Net Revenue (ex-Interchange Fees) -- BRL 3.3 billion, a 6.4% year-over-year increase, attributed primarily to the banking and credit business segments. -- BRL 3.3 billion, a 6.4% year-over-year increase, attributed primarily to the banking and credit business segments. Banking Revenue -- Grew 41% year over year, supported by expanded credit and higher transactionality. -- Grew 41% year over year, supported by expanded credit and higher transactionality. Recurring Non-GAAP Net Income -- BRL 575 million, up 4%, with increases in financial expenses linked to Brazil's base interest rate partly offset by operating leverage. -- BRL 575 million, up 4%, with increases in financial expenses linked to Brazil's base interest rate partly offset by operating leverage. Diluted Non-GAAP EPS -- Increased 12% year over year due to earnings growth and share buybacks. -- Increased 12% year over year due to earnings gr...