DVx Ventures CEO & Former Tesla President Jon McNeill discusses his new book, "The Algorithm," which details the hypergrowth formula behind some of the fastest growing companies, and why you don't have to be Elon Musk to drive innovation. He talks with Katie Greifeld and Romaine Bostick on "The Close."
DVx Ventures CEO & Former Tesla President Jon McNeill discusses his new book, "The Algorithm," which details the hypergrowth formula behind some of the fastest growing companies, and why you don't have to be Elon Musk to drive innovation. He talks with Katie Greifeld and Romaine Bostick on "The Close."
Rangsarit Chaiyakun/iStock via Getty Images No evidence has been found that the explosion at Valero Energy's ( VLO ) Port Arthur, Texas, refinery was a deliberate act, the Jefferson County Sheriff's office said, Reuters reported Tuesday. Messages begancirculating online on Monday night and continuing into Tuesday suggesting the explosion was in retaliation for the U.S.-Israeli attacks on Ir...
Rangsarit Chaiyakun/iStock via Getty Images No evidence has been found that the explosion at Valero Energy's ( VLO ) Port Arthur, Texas, refinery was a deliberate act, the Jefferson County Sheriff's office said, Reuters reported Tuesday. Messages begancirculating online on Monday night and continuing into Tuesday suggesting the explosion was in retaliation for the U.S.-Israeli attacks on Iran. Valero ( VLO ) said no one was injured from the explosion in a diesel hydrotreater that reportedly was felt more than 10 miles away, a shelter-in-place order was lifted following air-quality testing, and a section of the nearby highway that had been closed was reopened. The Port Arthur refinery processes ~435K bbl/day of heavy sour crude and refines it into gasoline, diesel, and jet fuel. It remains unclear whether the incident will significantly contribute to rising gas prices at the pump, as some analysts have indicated that the major market losses seen yesterday might offset disruptions at the Texas refinery. More on Valero Energy Valero Is Much More Than Fossil Based Crack Spreads Valero Energy: Still Pumping Cash, But The Valuation Looks Bloated Valero Energy: Solid Q4 Is Reflected In Valuation
In this article META Follow your favorite stocks CREATE FREE ACCOUNT Meta CEO Mark Zuckerberg arrives at Los Angeles Superior Court on Feb. 18, 2026. Jill Connelly | Getty Images A jury has reached a verdict in a major New Mexico trial in which the state's attorney general alleged that Meta failed to safeguard its family of apps from child predators. The civil trial, in which opening arguments beg...
In this article META Follow your favorite stocks CREATE FREE ACCOUNT Meta CEO Mark Zuckerberg arrives at Los Angeles Superior Court on Feb. 18, 2026. Jill Connelly | Getty Images A jury has reached a verdict in a major New Mexico trial in which the state's attorney general alleged that Meta failed to safeguard its family of apps from child predators. The civil trial, in which opening arguments began on Feb. 9 in a Santa Fe courthouse, centers on allegations that Meta violated state consumer protections laws and misled residents about the safety of apps like Facebook and Instagram. New Mexico attorney general Raúl Torrez sued Meta in 2023 following an undercover operation involving the creation of a fake social media profile of a 13-year-old girl that he previously told CNBC "was simply inundated with images and targeted solicitations" from child abusers. Deliberations began Monday, and jurors must rule in favor or against the defendant Meta. Linda Singer, an attorney representing New Mexico, urged jury members during closing statements on Monday to impose a civil penalty against Meta that could top $2 billion. Meta has denied the state of New Mexico's allegations and previously said that it is "focused on demonstrating our longstanding commitment to supporting young people." When the New Mexico trial's second phase, conducted without a jury, commences later in summer, a judge will determine whether Meta created a public nuisance and should fund public programs intended to address the alleged harms. The New Mexico case is one of multiple social media-related trials taking place this year that experts have compared to the Big Tobacco suits from the 1990s due in part to allegations that the companies misled the public about the safety and potential harms of their products. Jury members in a separate, personal injury trial involving Meta and Google's YouTube have been deliberating in a Los Angeles Superior court since last Friday as part of a major trial which the compa...
Jonathan Kitchen Wall Street’s major market averages pushed lower on Tuesday as traders continued to monitor developments related to the U.S.-Israel-Iran conflict. The blue-chip Dow ( DJI ) ended -0.1%, while the benchmark S&P 500 ( SP500 ) finished -0.3%, and the tech-focused Nasdaq Composite ( COMP:IND ) closed -0.8%. Here are the three stocks to watch after market hours on Tuesday: GameStop ( G...
Jonathan Kitchen Wall Street’s major market averages pushed lower on Tuesday as traders continued to monitor developments related to the U.S.-Israel-Iran conflict. The blue-chip Dow ( DJI ) ended -0.1%, while the benchmark S&P 500 ( SP500 ) finished -0.3%, and the tech-focused Nasdaq Composite ( COMP:IND ) closed -0.8%. Here are the three stocks to watch after market hours on Tuesday: GameStop ( GME ) edged 0.2% higher in post-market trading to $22.86 after reporting fourth-quarter results. The video game retailer posted earnings per share of $0.49, up from $0.30 in the year-ago period, while revenue fell 14.8% year-over-year to $1.10 billion. The company ended the quarter with $9.0 billion in cash on its balance sheet. AAR Corp . ( AIR ) slipped approximately 1% in extended trading Tuesday, erasing earlier gains despite reporting fiscal third-quarter results that topped Wall Street expectations. Revenue rose 25% year-over-year to $845.1 million, beating the $812.6 million consensus estimate, while adjusted earnings came in at $1.25 per share versus expectations of $1.16. Victory Capital Management ( VCTR ) rose 2.1% in after-hours trading after withdrawing its proposal to acquire Janus Henderson Group ( JHG ), which fell 1.5%. The withdrawal came after Janus Henderson’s special committee declared that a competing $52-per-share cash offer from Trian and General Catalyst was a “superior” and “actionable” proposal. More on GameStop, AAR, etc. AAR Corp. Downgraded To Buy As Oil Shock Clouds Commercial Aerospace Outlook GameStop Holiday Quarter Earnings Preview Signals Muted Numbers GameStop Is Still In Limbo Victory Capital withdraws proposal to acquire Janus Henderson AAR tops estimates on aviation demand
DVx Ventures CEO & Former Tesla President Jon McNeill discusses his new book, "The Algorithm," which details the hypergrowth formula behind some of the fastest growing companies, and why you don't have to be Elon Musk to drive innovation. He talks with Katie Greifeld and Romaine Bostick on "The Close." (Source: Bloomberg)
DVx Ventures CEO & Former Tesla President Jon McNeill discusses his new book, "The Algorithm," which details the hypergrowth formula behind some of the fastest growing companies, and why you don't have to be Elon Musk to drive innovation. He talks with Katie Greifeld and Romaine Bostick on "The Close." (Source: Bloomberg)
Sundry Photography/iStock Editorial via Getty Images KB Home ( KBH ) stock fell 5.0% in Tuesday after-hours trading as the company turned in weaker-than-expected fiscal Q1 results and issued soft guidance as the housing market remains challenging and the Middle East conflict adds to consumers' uncertainty. The homebuilder expects 2026 deliveries of 10.0K-11.5K (midpoint 10.75K vs. Visible Alpha co...
Sundry Photography/iStock Editorial via Getty Images KB Home ( KBH ) stock fell 5.0% in Tuesday after-hours trading as the company turned in weaker-than-expected fiscal Q1 results and issued soft guidance as the housing market remains challenging and the Middle East conflict adds to consumers' uncertainty. The homebuilder expects 2026 deliveries of 10.0K-11.5K (midpoint 10.75K vs. Visible Alpha consensus of 11.7K) and housing revenue of $4.80B-$5.50B (midpoint $5.15B vs. Visible Alpha estimate of $5.48B). Q2 guidance anticipates 2,250-2,450 deliveries (midpoint 2,350) vs. the 2.66K Visible Alpha consensus and housing revenue of $1.05B-$1.15B vs. the $1.25B Visible Alpha estimate. Fiscal Q1 GAAP EPS of $0.52, trailing the average analyst estimate of $0.54, dropped from $1.49 a year ago. Revenue of $1.08B for the quarter ended Jan. 31, 2026, missed the $1.09B consensus and decreased from $1.39B in Q1 2025. Housing revenue of $1.07B vs. the Visible Alpha estimate of $1.09B shrank from $1.39B a year ago. Its average selling price slipped to $452.1K in Q1, lagging the $459.7K Visible Alpha consensus, from $465K in Q4 and $500.7K in last year’s Q1. Net orders of 2,846 climbed 3% Y/Y and beat the 2,772 Visible Alpha estimate. "With solid traffic in our communities, we generated year-over-year net order growth in our first quarter," said Executive Chairman Jeffrey Mezger. "In addition, we are now achieving our targeted mix of Built to Order net orders." Anticipated favorable regional mix of homes delivered combined with operating leverage from higher delivery volumes is expected to contribute to stronger financial results in H2 FY2026, Mezger added. KB Home ( KBH ) bought ~8M of its shares at a cost of $50M in Q1. As of Feb. 28, 2026, the company had $850M remaining under its current common stock repurchase authorization. Conference call at 5:00 PM ET. More on KB Home KB Home Q1 Preview: Weak Results Likely, But May Be Priced In KB Home: A Clear Value Play If You Will Accep...
Senate Democrats Blink: DHS Deal Emerges After Weeks Of Gridlock After more than a month of political stalemate, the Senate Democrats are finally flinching, and a deal to reopen the Department of Homeland Security seems within reach - even if the path looks like a compromise designed to please no one. Key Senate Republicans left the White House late Monday in a noticeably upbeat mood , telling col...
Senate Democrats Blink: DHS Deal Emerges After Weeks Of Gridlock After more than a month of political stalemate, the Senate Democrats are finally flinching, and a deal to reopen the Department of Homeland Security seems within reach - even if the path looks like a compromise designed to please no one. Key Senate Republicans left the White House late Monday in a noticeably upbeat mood , telling colleagues that there is now a realistic framework to get DHS running again, even as President Donald Trump continues to demand that the SAVE America Act be “welded in” to any funding package. According to a report from Punchbowl News, the outlines of the emerging agreement would fund nearly all of DHS while carving out ICE’s migrant removal operations, then use a separate reconciliation bill to backfill ICE and press ahead with the two key provisions of the SAVE America Act (proof of citizenship to register to vote and a photo ID to cast a ballot in federal election) that Trump has made very clear is his top legislative priority. “ This framework is similar to the outlines of an agreement that Senate Majority Leader John Thune discussed with Trump on Sunday - a strategy that the president rejected. Trump has insisted on tying the SAVE America Act to DHS funding, complicating matters even further. Thune said this was ‘not realistic, ” explains Punchbowl. “It’s too early to say whether this DHS framework will satisfy Senate Democrats. There are several key details that still need to be ironed out. But many Democrats pointed to what they see as a sense of urgency to get something done, especially as nightmarish TSA security lines cause chaos for millions of air travellers.” Republican leaders, including Sen. John Kennedy (R-La.), are openly talking about a two‑step reconciliation strategy: first, fund the rest of ICE using budget‑reconciliation so Democrats do not have to vote “yes,” and second, attach pieces of the SAVE America Act to a broader reconciliation package that could...
yuruphoto/iStock Editorial via Getty Images If you open the financial newspapers today, you get a sense of déjà vu . The thousands of stories about troubled funds offered by newspapers and news sites, blocked redemption requests, and uncollectable loans seem to have come straight from the headlines that preceded the subprime mortgage disaster. Everyone's screaming about the collapse of the system....
yuruphoto/iStock Editorial via Getty Images If you open the financial newspapers today, you get a sense of déjà vu . The thousands of stories about troubled funds offered by newspapers and news sites, blocked redemption requests, and uncollectable loans seem to have come straight from the headlines that preceded the subprime mortgage disaster. Everyone's screaming about the collapse of the system. I must say that even I was very superficially convinced of this. I, too, began to think that everything would soon collapse. Then I remembered that my job is precisely to understand what's behind things, analyze, and get to the bottom of the news, and I have all the tools to do so. I work in the sector professionally and have access to a lot of software and subscriptions that are expensive but offer so much added value. So one day I stopped and said, " Are we really in a new 2008 like everyone is telling us? " Pause for a moment because betting on a sudden Lehman Brothers-style financial "heart attack" is the worst tactical mistake you can make today. Before writing this article, I wasn't sure how to approach it. Many analysts and newspapers are talking about it, and I wanted to add value. I wanted to offer my perspective as well as report the facts objectively. So it took me time not only to gather and select the right information but also, and above all, to figure out how to interpret this analysis. Then I thought: if I were a reader of Seeking Alpha, what would I really want to read today? My answer was "an instruction manual." And here it is, your instruction manual to understand what's really happening and, above all, how to position your portfolio to avoid being crushed (and perhaps emerge a winner). Heart Attack vs. Chronic Illness The reason I'm bringing up a heart attack is that the markets literally suffered one. It was in 2008. Banks had toxic derivatives that were all tied to residential retail mortgages. These derivatives went bust. In the movie "Margin Call,"...
Dado Ruvic | Reuters Six months after launching the Sora app and seeing it quickly go viral, OpenAI is shuttering the service, the company said on Tuesday. "We're saying goodbye to Sora. To everyone who created with Sora, shared it, and built community around it: thank you," OpenAI wrote in a post on X . "What you made with Sora mattered, and we know this news is disappointing. We'll share more so...
Dado Ruvic | Reuters Six months after launching the Sora app and seeing it quickly go viral, OpenAI is shuttering the service, the company said on Tuesday. "We're saying goodbye to Sora. To everyone who created with Sora, shared it, and built community around it: thank you," OpenAI wrote in a post on X . "What you made with Sora mattered, and we know this news is disappointing. We'll share more soon, including timelines for the app and API and details on preserving your work." While Sora proved wildly popular with users, hitting one million downloads less than five days after its launch in late September, OpenAI is reeling in costs as it seeks to justify its $730 billion valuation and set the state for a potential IPO. OpenAI has been retreating from some hefty spending plans, shelving certain ambitious projects and accepting its role as a purchaser of massive amounts of cloud capacity rather than as a builder of mammoth data centers. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Ouster (NASDAQ:OUST) , a lidar technology provider for robotics and vehicles, saw an insider sale following a year of substantial share price gains. Darien Spencer, Chief Operating Officer of Ouster, disclosed the transaction on March 12, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($23.43); post-transaction value based on March 12...
Ouster (NASDAQ:OUST) , a lidar technology provider for robotics and vehicles, saw an insider sale following a year of substantial share price gains. Darien Spencer, Chief Operating Officer of Ouster, disclosed the transaction on March 12, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($23.43); post-transaction value based on March 12, 2026 market close ($22.56). * 1-year price change calculated using March 12, 2026 as the reference date. Continue reading
BHP Group , the world’s largest mining company, expects the global potash market to tighten over the next decade as demand grows and geopolitical risks strain fertilizer supply chains. With demand for the crop nutrient rising 2% to 3% annually, there is limited additional supplies beyond BHP’s Jansen potash project. That adds to a fertilizer supply shock triggered by the war in the Middle East, as...
BHP Group , the world’s largest mining company, expects the global potash market to tighten over the next decade as demand grows and geopolitical risks strain fertilizer supply chains. With demand for the crop nutrient rising 2% to 3% annually, there is limited additional supplies beyond BHP’s Jansen potash project. That adds to a fertilizer supply shock triggered by the war in the Middle East, as farmers worldwide rush to secure critical nutrients. A market deficit is expected by 2035, according to Karina Gistelinck , the group’s head of potash. “We expect a tight market, with significant pressure on the supply side,” she said in an interview Tuesday. Jansen, in Saskatchewan, Canada, is scheduled to begin operations in mid-2027, reaching 4.1 million tons of annual capacity within two years. A second phase would lift output to about 8.5 million tons early next decade. Read More: BHP’s Potash Blowout Overshadows Australia Iron Ore Record Gistelinck is in Brazil seeking to convert preliminary commercial agreements into binding contracts ahead of Jansen’s startup. The South American nation — which imports almost all of its potash — is set to be a key market, reflecting its roughly 20% share of global demand. The miner is also targeting Southeast Asia, China, India and US as major buyers. BHP has “learned a very expensive lesson” as it has blown past cost estimates for Jansen, raising projected investment in the first phase to $8.4 billion, the executive said. She described potash as “the iron ore of the future” for BHP, signaling its ambition to build a major new earnings driver. Read More: Fertilizer Shock Escalates as New Supply Risks Emerge