(RTTNews) - London Stock Exchange Group (LSEG) and Broadcom Inc. (AVGO) on Tuesday announced a new five-year agreement to expand their long-standing technology partnership centered on VMware Cloud Foundation.
(RTTNews) - London Stock Exchange Group (LSEG) and Broadcom Inc. (AVGO) on Tuesday announced a new five-year agreement to expand their long-standing technology partnership centered on VMware Cloud Foundation.
(RTTNews) - SERB Pharmaceuticals and Hansa Biopharma AB (HNSA.ST) announced Tuesday their agreement, under which SERB will acquire exclusive rights to develop and sell Hansa's kidney transplant drug Idefirix in Europe and the Middle East and North Africa or MENA region for 115 mi
(RTTNews) - SERB Pharmaceuticals and Hansa Biopharma AB (HNSA.ST) announced Tuesday their agreement, under which SERB will acquire exclusive rights to develop and sell Hansa's kidney transplant drug Idefirix in Europe and the Middle East and North Africa or MENA region for 115 mi
nycshooter Indian air safety officials plan to travel to Seattle to observe Boeing's ( BA ) testing of a fuel-control switch panel that was removed from an Air India 787 in February after the pilots on a London-Bengaluru flight flagged a possible defect, according to documents seen by Reuters . The testing, described by Indian officials as "sensitive", renews the spotlight on the switches on Boe...
nycshooter Indian air safety officials plan to travel to Seattle to observe Boeing's ( BA ) testing of a fuel-control switch panel that was removed from an Air India 787 in February after the pilots on a London-Bengaluru flight flagged a possible defect, according to documents seen by Reuters . The testing, described by Indian officials as "sensitive", renews the spotlight on the switches on Boeing ( BA ) Dreamliners that regulate the flow of jet fuel into a plane's engines as investigators prepare a final report into an Air India 787 crash that killed 260 people in Gujarat last June, the report said . The switches, designed to be immovable without specific actions from pilots, have come under scrutiny since the preliminary report into the crash found they had been shut off nearly simultaneously, starving the engines of fuel. As "the matter is sensitive in nature, Air India is hereby directed to ensure that the strip/test examination at OEM's (Boeing) premises is carried out in the presence of a DGCA officer," Manish Kumar, a DGCA deputy director of airworthiness, wrote in his March 9 email. In a statement, Air India said the module was confirmed as "fully functional" by Boeing and the DGCA, but the decision to proceed with further testing is "understood to be intended to ensure a thorough and conclusive evaluation ... as a measure of abundant caution," the report said. More on Boeing Boeing's Preferred And Common Shares Have Similar Risk And Reward: Both Are A Hold Boeing Is Beating Airbus Where It Matters Most CliffsNotes IBM, Boeing Earnings Summaries: Boeing's OK; IBM Is All About What Management Didn't Say Citi sees buying opportunities emerging in aerospace, defense selloff Boeing orders, China overcapacity take center stage after Trump-Xi meeting
Markets were on course to open in the red Tuesday as the chip-stocks rally that has powered gains for much of the year continued to lose steam. Stock futures tied to the tech-heavy Nasdaq were down 0.3%, having finished 1.5% lower the previous session led lower by a Big Tech selloff. Dow Industrial futures were falling 34 points, or 0.1%, while S&P 500 futures dropped 0.2%.
Markets were on course to open in the red Tuesday as the chip-stocks rally that has powered gains for much of the year continued to lose steam. Stock futures tied to the tech-heavy Nasdaq were down 0.3%, having finished 1.5% lower the previous session led lower by a Big Tech selloff. Dow Industrial futures were falling 34 points, or 0.1%, while S&P 500 futures dropped 0.2%.
pingingz/iStock via Getty Images Although I am yet to write any Deep Dive on any neocloud, I still like to pay close attention to what they are saying during their earnings calls. Both CoreWeave ( CRWV ) and Nebius ( NBIS ) had some interesting nuggets in their 1Q’26 call. Let’s start with CoreWeave. Just like the hyperscalers, CoreWeave’s backlog continues to grow at a rapid pace. Their backlog n...
pingingz/iStock via Getty Images Although I am yet to write any Deep Dive on any neocloud, I still like to pay close attention to what they are saying during their earnings calls. Both CoreWeave ( CRWV ) and Nebius ( NBIS ) had some interesting nuggets in their 1Q’26 call. Let’s start with CoreWeave. Just like the hyperscalers, CoreWeave’s backlog continues to grow at a rapid pace. Their backlog now reached almost $100 billion in 1Q’26 (vs. just $25.9 billion in 1Q’25). While their backlog likely remains concentrated, they did mention that they now have 10 customers committed to spending at least $1 billion with CoreWeave. CoreWeave indicated that “materially in excess of 50%” of their compute is currently being used for inference. They slightly raised the low end of the capex guide from $30-35 billion to $31-35 billion for 2026. The increase on the low end is primarily due to memory price increases. What is Nebius saying? Nebius raised their capex guide too, but unlike CoreWeave, they mentioned the impetus for the capex increase was primarily higher demand. From the call: Demand is high. Everything we build with is sold. That is what is driving us to build more and to raise our 2026 CapEx guidance to between $20 billion and $25 billion, which is up from our prior range of $16 billion to $20 billion. Perhaps the more interesting tidbit from the Nebius call is how management elaborated on their deal with Meta Platforms ( META ) (emphasis mine): “First, I want to say that we love working with Meta, and we’re excited that they chose to buy more capacity from us. This expanded new agreement is to make sure that we all understand this, a 5-year contract for a total of $27 billion, and it is structured in 2 parts. First, there’s a $12 billion commitment to dedicated compute capacity with delivery starting in early ‘27. And then second, as you pointed out, there’s another $15 billion of additional capacity that we, at our discretion, can either allocate to Meta or sell to ...
The wait is over. Anyone wondering which stocks new Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) CEO Greg Abel would buy in the company's first quarter without Warren Buffett as CEO now has an answer. Actually, they have seven answers. Berkshire Hathaway submitted its 13F regulatory filing for the first quarter of 2026 after the market closed on May 15. The conglomerate bought seven stocks during ...
The wait is over. Anyone wondering which stocks new Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) CEO Greg Abel would buy in the company's first quarter without Warren Buffett as CEO now has an answer. Actually, they have seven answers. Berkshire Hathaway submitted its 13F regulatory filing for the first quarter of 2026 after the market closed on May 15. The conglomerate bought seven stocks during Abel's initial quarter at the helm. And one of them stands out as the best of the bunch. Image source: The Motley Fool. Continue reading
China will actively participate in settling international conflicts and improve mechanisms for resolving them, a former Chinese diplomat has said, stressing that Hong Kong could serve as an “important bridge” for exchanges and that a recently established mediation body in the city would bolster international rule of law. At the Global Prosperity Summit in Hong Kong on Tuesday, Han Zhiqiang, vice-p...
China will actively participate in settling international conflicts and improve mechanisms for resolving them, a former Chinese diplomat has said, stressing that Hong Kong could serve as an “important bridge” for exchanges and that a recently established mediation body in the city would bolster international rule of law. At the Global Prosperity Summit in Hong Kong on Tuesday, Han Zhiqiang, vice-president of the China Public Diplomacy Association, who formerly served as Beijing’s ambassador to...
Russia’s ruble has muscled its way to become the world’s best performer against the dollar so far this quarter, buoyed by a surge in foreign currency receipts from oil sales following the outbreak of war in the Middle East. The ruble has advanced roughly 12% since the start of April to 72.6 per dollar, the strongest level since February 2023, according to data compiled by Bloomberg. For a second s...
Russia’s ruble has muscled its way to become the world’s best performer against the dollar so far this quarter, buoyed by a surge in foreign currency receipts from oil sales following the outbreak of war in the Middle East. The ruble has advanced roughly 12% since the start of April to 72.6 per dollar, the strongest level since February 2023, according to data compiled by Bloomberg. For a second straight year, the currency is diverging from official and market forecasts that projected a depreciation, leading some analysts to view it as overvalued relative to the current economic conditions. The ruble’s strength is increasingly looking like an embedded feature of Russia’s current economy, a product of both sanctions-driven imbalances in its financial market and tight monetary policy to offset massive government spending on President Vladimir Putin ’s war in Ukraine. While the appreciating currency helps ease inflationary pressure, it’s also squeezing exporters’ earnings and budget revenue. “If the Russian economy eventually moves away from a wartime footing, the ruble will also return to more normal levels,” said Iskander Lutsko , a Dubai-based senior portfolio manager at Istar Capital. “Right now, conditions are ideal for further strengthening.” Economy Minister Maxim Reshetnikov said last month that the ruble may remain stronger “than many would like” in the coming years under the current economic model, which has limited capital outflows. Demand for foreign currency remains subdued amid high local interest rates and weak imports, nearly 60% of which are now paid for in rubles as Russia has continued to adapt to sanctions imposed after the February 2022 full-scale invasion of Ukraine. At the same time, inflows of foreign tender — which had begun to fade after Washington tightened sanctions on Russian oil last year — have surged following a rally in energy prices and an easing of US restrictions in response to disrupted shipping through the Strait of Hormuz. Net for...
"Ithink we already have some vehicles operating with no people inside and nosafety monitors in three cities in Texas... this will expand to the entireUnited States this year." （我认为我们已经在得克萨斯州的三个城市运营着一些...
"Ithink we already have some vehicles operating with no people inside and nosafety monitors in three cities in Texas... this will expand to the entireUnited States this year." （我认为我们已经在得克萨斯州的三个城市运营着一些车内无人且无安全监控员的车辆……这将在今年扩展到整个美国。） 当地时间5月18日，在以视频连线方式出席于特拉维夫举行的智能出行峰会（Smart Mobility Summit）之际，埃隆·马斯克不但对主持人宣称特斯拉的完全自动驾驶汽车今年将在美国“广泛普及”，还进一步预言了在AI技术加持下，自动驾驶技术在近未来的前景。所以马老板对自己发言的最后结论便是—— "Infive years, maybe 10 years from now... probably 90% of the miles traveled willbe done by AI in self-driving cars. So in 10 years, driving a car will be asmall-scale activity." （5年后，或许10年后……届时很可能有90%的行驶里程将由自动驾驶汽车的AI系统来完成。那么，10年后，手动驾驶汽车将变成一种小众行为。） 我说各位，听起来是不是很熟悉？相信如果你关注马斯克马老板超过五年，那么他在各种场合关于“即将落地”的表述，掰手指头数大概能凑齐至少两只手。所以，这又是一次单纯“嘴炮”么？要我说，既“是”却又“不是”。 看到这里很多人可能开始不爽了：正反两头的话一下子都让你给说了，存心在这里水文消遣人玩么？！别急啊，事情得分两头看。 首先与以往纯“嘴炮”不同，这一次特斯拉确实推出了搭载AI自动驾驶的Cybercab概念车，而且目前却是像马老板说的那样，已经在美德州的三个城市内进行无安全员运营。 ▲ 这事……哥不方便说太细 简单来说就是，如果将周期拉长到以五年为单位，则未来五到十年自动驾驶是颇有前途的。十年期满，纵使达不到马老板吹嘘的90%，必然也会比今天要出现重大突破。但如果以今年年内为节点，马老板的“拓展至整个美国”则未免荒唐。 那么，马斯克这次的...
Monzo Bank Ltd. reported a 44% jump in profit in the year through March, as growth in lending lifted interest income. The UK digital bank reeled in £87.3 million ($117 million) of profit before tax during the year, up from £60.5 million, according to a statement on Tuesday. Revenue rose to £1.7 billion, up about 39% from the year prior. Monzo, which scored a full UK bank license in 2017, has been ...
Monzo Bank Ltd. reported a 44% jump in profit in the year through March, as growth in lending lifted interest income. The UK digital bank reeled in £87.3 million ($117 million) of profit before tax during the year, up from £60.5 million, according to a statement on Tuesday. Revenue rose to £1.7 billion, up about 39% from the year prior. Monzo, which scored a full UK bank license in 2017, has been pushing further into lending, business banking and customers that use the bank on a day-to-day basis. The bank makes £167 of revenue per active customer and £484 from each business client. “Lending remains a growing contributor, supported by disciplined underwriting and measured portfolio expansion,” Chief Financial Officer Tom Oldham said in the statement. The bank offers customers lending products including overdrafts, credit cards and personal loans. Credit losses increased as lending grew, with the bank setting aside £329.4 million to cover potential impairments, up from £251.2 million the year prior. Monzo now has more than 15 million customers, a rise of about 3 million during the year. Deposits grew 55% to £25.7 billion. Over 4 million customers borrow from Monzo, according to the statement. In an interview, Chief Executive Officer Diana Layfield said in an interview that 1 in 5 UK adults bank with Monzo, and the bank is looking to capture the other 4 in 5. The CEO, who assumed her role earlier this year, said business banking now made up 14% of Monzo’s total revenues and is a key area of focus for the bank. A number of UK fintechs have been looking to bring on more businesses as customers, given they come with larger deposits. Revolut Ltd. Chief Executive Officer Nik Storonsky has said business banking is a priority for the fintech and is planning to roll out that unit alongside retail in every new market it enters next year. Revolut’s gross average revenue per retail customer was £66, according to research from JPMorgan Chase & Co. In March, Monzo told staff it was...