The original dismissal was issued by Judge Edgardo Ramos of the Southern District of New York on 3 January 2025. Credit: StockPhotoAstur / Shutterstock.com A US federal appeals court has upheld the dismissal of a whistleblower lawsuit that accused Amazon of helping foreign fur sellers avoid customs duties and import inspection fees on its marketplace. The Second Circuit Court of Appeals affirmed t...
The original dismissal was issued by Judge Edgardo Ramos of the Southern District of New York on 3 January 2025. Credit: StockPhotoAstur / Shutterstock.com A US federal appeals court has upheld the dismissal of a whistleblower lawsuit that accused Amazon of helping foreign fur sellers avoid customs duties and import inspection fees on its marketplace. The Second Circuit Court of Appeals affirmed the ruling on 20 May 2026, supporting a lower court decision that struck out the qui tam case brought by relators Mike Henig and Henig Furs under the False Claims Act. The relators alleged that foreign fur product manufacturers using Amazon’s platform had submitted reverse false claims to the US Government over 15 years. According to the lawsuit, shipment values were understated on customs declarations to reduce tariff assessments by US Customs and Border Protection. The case also alleged that required US Fish and Wildlife Service (FWS) inspection forms were left out, or that shipments were sent through ports without FWS facilities to avoid inspection fees. Amazon was accused of knowingly enabling the conduct and conspiring with the manufacturers. The appeals court rejected liability under all three recognised grounds of the False Claims Act: actual knowledge, deliberate ignorance, and reckless disregard. On actual knowledge, the court said no individual or entity at Amazon had been shown to have consciously acknowledged false information in the shipments. It also found that the company’s continued dealings with the manufacturers matched ordinary commercial conduct and did not show awareness of fraud. On deliberate ignorance, the court said the relators had not alleged that Amazon took intentional steps to avoid learning of the false claims. It also rejected the argument that below-market fur prices should have raised suspicion. The court found no basis to conclude that Amazon compared third-party pricing with competitors or would have linked low prices to tariff avoidance r...
A runway at New York’s LaGuardia Airport will remain closed throughout the day Thursday, extending a shutdown that occurred after a sinkhole was found nearby. The delays come as the airport gears up for an influx of travelers during the three-day Memorial Day weekend. LaGuardia remains open but is anticipating delays throughout Thursday, the airport said in a post on X, adding the runway should re...
A runway at New York’s LaGuardia Airport will remain closed throughout the day Thursday, extending a shutdown that occurred after a sinkhole was found nearby. The delays come as the airport gears up for an influx of travelers during the three-day Memorial Day weekend. LaGuardia remains open but is anticipating delays throughout Thursday, the airport said in a post on X, adding the runway should reopen before flight operations on Friday. Crews identified a sinkhole near Runway 4/22 on Wednesday afternoon, triggering a shutdown of operations for emergency construction. The US Federal Aviation Administration slowed flights into the airport, with average delays of as many as 97 minutes. LaGuardia is the third-busiest airport serving the New York metropolitan area, behind John F. Kennedy International and Newark Liberty International in New Jersey. The airport handles about 33 million passengers per year.
Oracle ORCL has generated significant investor enthusiasm in 2026, fueled by management's ambitious forward-looking targets and an AI infrastructure demand environment that continues to support accelerating cloud revenue growth. ORCL shares have returned 32% over the past three months, outperforming the Zacks Computer and Technology sector and the Zacks Computer - Software industry. The company ra...
Oracle ORCL has generated significant investor enthusiasm in 2026, fueled by management's ambitious forward-looking targets and an AI infrastructure demand environment that continues to support accelerating cloud revenue growth. ORCL shares have returned 32% over the past three months, outperforming the Zacks Computer and Technology sector and the Zacks Computer - Software industry. The company raised its fiscal 2027 revenue guidance to $90 billion, as AI compute and inferencing demand continues to outpace available supply — a structural tailwind it expects to sustain strong revenue growth across the medium and long term. ORCL Outperforms Sector In 3-Months Zacks Investment Research Image Source: Zacks Investment Research A Record-Breaking Quarter Validates the Strategy Fiscal third-quarter 2026 results, reported March 10, 2026, offered strong evidence that Oracle's cloud and AI investments are converting to revenues at scale. Total revenues rose 22% in U.S. dollars to $17.2 billion — the first quarter in over 15 years where both organic total revenues and non-GAAP earnings per share each grew at 20% or more in USD. Cloud revenues climbed 44% in USD to $8.9 billion, with Cloud Infrastructure revenues surging 84% to $4.9 billion, while Cloud Application revenues reached $4.0 billion, up 13%. Non-GAAP earnings per share came in at $1.79, beating guidance, and GAAP net income reached $3.7 billion. Non-GAAP operating income grew 19% to $7.4 billion. Multicloud database revenues soared 531% year over year, and Remaining Performance Obligations ended at $553 billion, up 325% and $29 billion higher sequentially. Fusion Cloud ERP grew 17%, and NetSuite Cloud ERP expanded 14%. These third-quarter results broadly beat management's expectations across key metrics. For fiscal fourth-quarter 2026, Oracle guided total revenues to grow between 19% and 21% in USD, with cloud revenues projected to expand 46% to 50% in USD and non-GAAP EPS of $1.96 to $2. Oracle also maintained its f...
Oracle ORCL has generated significant investor enthusiasm in 2026, fueled by management's ambitious forward-looking targets and an AI infrastructure demand environment that continues to support accelerating cloud revenue growth. ORCL shares have returned 32% over the past three months, outperforming the Zacks Computer and Technology sector and the Zacks Computer - Software industry. The company ra...
Oracle ORCL has generated significant investor enthusiasm in 2026, fueled by management's ambitious forward-looking targets and an AI infrastructure demand environment that continues to support accelerating cloud revenue growth. ORCL shares have returned 32% over the past three months, outperforming the Zacks Computer and Technology sector and the Zacks Computer - Software industry. The company raised its fiscal 2027 revenue guidance to $90 billion, as AI compute and inferencing demand continues to outpace available supply — a structural tailwind it expects to sustain strong revenue growth across the medium and long term. ORCL Outperforms Sector In 3-Months Zacks Investment Research Image Source: Zacks Investment Research A Record-Breaking Quarter Validates the Strategy Fiscal third-quarter 2026 results, reported March 10, 2026, offered strong evidence that Oracle's cloud and AI investments are converting to revenues at scale. Total revenues rose 22% in U.S. dollars to $17.2 billion — the first quarter in over 15 years where both organic total revenues and non-GAAP earnings per share each grew at 20% or more in USD. Cloud revenues climbed 44% in USD to $8.9 billion, with Cloud Infrastructure revenues surging 84% to $4.9 billion, while Cloud Application revenues reached $4.0 billion, up 13%. Non-GAAP earnings per share came in at $1.79, beating guidance, and GAAP net income reached $3.7 billion. Non-GAAP operating income grew 19% to $7.4 billion. Multicloud database revenues soared 531% year over year, and Remaining Performance Obligations ended at $553 billion, up 325% and $29 billion higher sequentially. Fusion Cloud ERP grew 17%, and NetSuite Cloud ERP expanded 14%. These third-quarter results broadly beat management's expectations across key metrics. For fiscal fourth-quarter 2026, Oracle guided total revenues to grow between 19% and 21% in USD, with cloud revenues projected to expand 46% to 50% in USD and non-GAAP EPS of $1.96 to $2. Oracle also maintained its f...
Oracle ORCL has generated significant investor enthusiasm in 2026, fueled by management's ambitious forward-looking targets and an AI infrastructure demand environment that continues to support accelerating cloud revenue growth. ORCL shares have returned 32% over the past three months, outperforming the Zacks Computer and Technology sector and the Zacks Computer - Software industry. The company ra...
Oracle ORCL has generated significant investor enthusiasm in 2026, fueled by management's ambitious forward-looking targets and an AI infrastructure demand environment that continues to support accelerating cloud revenue growth. ORCL shares have returned 32% over the past three months, outperforming the Zacks Computer and Technology sector and the Zacks Computer - Software industry. The company raised its fiscal 2027 revenue guidance to $90 billion, as AI compute and inferencing demand continues to outpace available supply — a structural tailwind it expects to sustain strong revenue growth across the medium and long term. ORCL Outperforms Sector In 3-Months Zacks Investment Research Image Source: Zacks Investment Research A Record-Breaking Quarter Validates the Strategy Fiscal third-quarter 2026 results, reported March 10, 2026, offered strong evidence that Oracle's cloud and AI investments are converting to revenues at scale. Total revenues rose 22% in U.S. dollars to $17.2 billion — the first quarter in over 15 years where both organic total revenues and non-GAAP earnings per share each grew at 20% or more in USD. Cloud revenues climbed 44% in USD to $8.9 billion, with Cloud Infrastructure revenues surging 84% to $4.9 billion, while Cloud Application revenues reached $4.0 billion, up 13%. Non-GAAP earnings per share came in at $1.79, beating guidance, and GAAP net income reached $3.7 billion. Non-GAAP operating income grew 19% to $7.4 billion. Multicloud database revenues soared 531% year over year, and Remaining Performance Obligations ended at $553 billion, up 325% and $29 billion higher sequentially. Fusion Cloud ERP grew 17%, and NetSuite Cloud ERP expanded 14%. These third-quarter results broadly beat management's expectations across key metrics. For fiscal fourth-quarter 2026, Oracle guided total revenues to grow between 19% and 21% in USD, with cloud revenues projected to expand 46% to 50% in USD and non-GAAP EPS of $1.96 to $2. Oracle also maintained its f...
Alphabet Inc. Class C remains in focus after strong first?quarter 2025 results highlighted robust growth in Google Cloud and accelerating AI investments, while the stock continues to trade near record levels on Nasdaq. Alphabet Inc. Class C remains a core focus for global equity markets after the company reported strong first?quarter 2025 results, underlining solid momentum in Google Cloud and ris...
Alphabet Inc. Class C remains in focus after strong first?quarter 2025 results highlighted robust growth in Google Cloud and accelerating AI investments, while the stock continues to trade near record levels on Nasdaq. Alphabet Inc. Class C remains a core focus for global equity markets after the company reported strong first?quarter 2025 results, underlining solid momentum in Google Cloud and rising contributions from newer AI?driven products, according to a shareholder letter and earnings release published on 04/22/2025 by Alphabet on its investor relations site and covered the same day by Reuters as of 04/22/2025. As of: 21.05.2026 By the editorial team – specialized in equity coverage. At a glance Name: Alphabet C Alphabet C Sector/industry: Internet services, digital advertising, cloud computing Internet services, digital advertising, cloud computing Headquarters/country: Mountain View, United States Mountain View, United States Core markets: Global online search, digital ads, cloud infrastructure, consumer internet Global online search, digital ads, cloud infrastructure, consumer internet Key revenue drivers: Search advertising, YouTube ads, Google Cloud services Search advertising, YouTube ads, Google Cloud services Home exchange/listing venue: Nasdaq (ticker: GOOG) Nasdaq (ticker: GOOG) Trading currency: US dollar (USD) Alphabet Inc. Class C: core business model Alphabet Inc. Class C represents one of the two main publicly traded share classes of the Google parent group and is tied economically to the same underlying business as the Class A shares, but without voting rights attached to the stock. The group operates a diversified portfolio of digital services centered on Google Search, YouTube, Android, Chrome and Google Maps, all of which are integrated into an ecosystem designed to capture user attention and advertising spend, as outlined in Alphabet’s 2024 Form 10?K filed with the U.S. Securities and Exchange Commission on 02/02/2025 and referenced by SEC ...
Emmanuel Macron is under pressure to open discussions on reparatory justice for France’s role in hundreds of years of enslavement of African people as he makes a key speech on the legacy of slavery. On Thursday the French president will celebrate the 25th anniversary of France becoming the first country in the world to recognise the slave trade and slavery as crimes against humanity in a 2001 law ...
Emmanuel Macron is under pressure to open discussions on reparatory justice for France’s role in hundreds of years of enslavement of African people as he makes a key speech on the legacy of slavery. On Thursday the French president will celebrate the 25th anniversary of France becoming the first country in the world to recognise the slave trade and slavery as crimes against humanity in a 2001 law brought by Christiane Taubira, a leading MP from French Guiana. Macron’s office said “the memorial work around the question of slavery and the slave trade is a permanent project of recognition for the president”. As he enters his final months as president, however, demands are growing on Macron to launch a formal discussion process on how to address the legacies of enslavement in French society. France is facing a political row over racism in politics, the media and society, and the far right is polling high in the run-up to the 2027 presidential election. The sense of urgency comes amid anger in France that its representatives – alongside those of UK and other European nations – abstained in March’s UN vote to describe the transatlantic chattel slave trade as the “gravest crime against humanity” and call for reparations as “a concrete step towards remedying historical wrongs”. View image in fullscreen Emmanuel Macron’s office said: ‘The memorial work around the question of slavery and the slave trade is a permanent project of recognition for the president.’ Photograph: Liam McBurney/PA Victorin Lurel, a Guadeloupe senator, wrote in an open letter to Macron that France had committed a “moral, historic, diplomatic and political mistake” in abstaining and had “tarnished” its image internationally. From the 16th to the 19th centuries, France was the third largest trafficker of enslaved people across the Atlantic and Indian oceans among the European nations, after Portugal and Britain. France was responsible for kidnapping and enslaving about 13% of the estimated 13 to 17 milli...
Is The Bond Market About To Break Washington Submitted by QTR's Fringe Finance The bond market is beginning to force reality onto Washington, and it may ultimately force an end to the Iran war long before politicians or diplomats are willing to admit it. For months, investors have focused on missiles, retaliation headlines, oil chokepoints, and the possibility of a broader regional escalation from...
Is The Bond Market About To Break Washington Submitted by QTR's Fringe Finance The bond market is beginning to force reality onto Washington, and it may ultimately force an end to the Iran war long before politicians or diplomats are willing to admit it. For months, investors have focused on missiles, retaliation headlines, oil chokepoints, and the possibility of a broader regional escalation from the Iran War. During the geopolitical noise, I urged readers not to overlook stress in financial markets that was happening before the war even started, namely in places like private credit and subprime auto lending . I called these “real crises” hiding behind record highs while “investors” chase gamma squeezes higher in an ongoing distortion feedback loop that is making things look far better than they are under the surface. And now, beneath all the geopolitical noise, a much more serious, harder to ignore crisis is unfolding. As Cypher says in The Matrix: " Fasten your seat belt Dorothy, 'cause Kansas is going bye-bye." This crisis is in the Treasury market. Bond yields are moving sharply higher, and they are sending a message that policymakers can no longer afford to ignore: the financial system is becoming unstable under the weight of war spending, massive deficits, persistent inflation, and a debt load that was already unsustainable before this conflict began. The bond market does not give a flying fuck about political narratives, gamma squeezes, meme stocks, retail investors or any other ticky tacky end-around style loopholes that continue to push stocks higher. It cares about math, fiscal policy and monetary policy. And the math is getting ugly very quickly. The 10-year Treasury yield is arguably the single most important price in global finance because virtually every major asset class is built on top of it. Mortgage rates, commercial real estate valuations, private equity models, corporate borrowing costs, equity multiples, venture capital, and government financin...
Software stock investors have had plenty of reasons to be bearish lately. New AI agents were expected to cut into valuable software revenue streams, and many analysts were ready to put the ‘per-seat’ business model on life support. But in the months following the software stock meltdown, a funny thing happened: these fears failed to materialize meaningfully in earnings. In fact, many of the compan...
Software stock investors have had plenty of reasons to be bearish lately. New AI agents were expected to cut into valuable software revenue streams, and many analysts were ready to put the ‘per-seat’ business model on life support. But in the months following the software stock meltdown, a funny thing happened: these fears failed to materialize meaningfully in earnings. In fact, many of the companies with supposedly at-risk recurring revenue streams saw sales growth accelerate in the first quarter of 2026, and these stocks are now trading well below their historic valuation levels. Is it time to nibble on software stocks? Sentiment toward the sector remains very negative, and Morgan Stanley flagged SaaS debt as a concern, noting that 46% of software loans mature over the next four years. But the apocalyptic predictions appear to have been off base, and many software companies now see AI as a tailwind. We’ll focus on a pair of software stocks that suddenly look appealing from a fundamental and technical perspective. Get Atlassian alerts: Sign Up Software Stocks With Bullish Fundamental and Technical Signals The iShares Expanded Tech-Software Sector ETF BATS: IGV is still down more than 10% over the last 12 months, but the downtrend has been neutralized. Strong earnings have already boosted several companies in the space, including large caps like Oracle Corp. NYSE: ORCL and Fortinet Inc. NASDAQ: FTNT. Software stocks are also starting to benefit from the tech sector rotation as investors look to move away from pricey memory and chipmaker stocks without exiting the market entirely. The following two companies both helped put a nail in the “AI will doom software” coffin with their Q1 2026 results. Atlassian: Cloud Acceleration Blows Up Per-Seat Compression Thesis One of the companies projected to take a hard hit from AI was Atlassian Corp. PLC NASDAQ: TEAM, which develops digital tools for workflow management. Atlassian Today TEAM Atlassian $84.65 +2.47 (+3.00%) 52-Wee...
Image source: The Motley Fool. Wednesday, February 11, 2026 at 5 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Feng Zhou President — Lei Jin Senior Vice President — Peng Su Vice President of Finance — Wayne Li Investor Relations Director — Jeffrey Wang Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Net Revenues -- RMB 1.6 billion in the quarter, up 16.8% year over...
Image source: The Motley Fool. Wednesday, February 11, 2026 at 5 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Feng Zhou President — Lei Jin Senior Vice President — Peng Su Vice President of Finance — Wayne Li Investor Relations Director — Jeffrey Wang Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Net Revenues -- RMB 1.6 billion in the quarter, up 16.8% year over year, driven primarily by Learning Services recovery and robust Online Marketing Services performance. -- RMB 1.6 billion in the quarter, up 16.8% year over year, driven primarily by Learning Services recovery and robust Online Marketing Services performance. Operating Profit -- RMB 60.2 million, marking six consecutive quarters of operating profitability, up 113% sequentially from Q3 2025 but down 28.5% year over year. -- RMB 60.2 million, marking six consecutive quarters of operating profitability, up 113% sequentially from Q3 2025 but down 28.5% year over year. Net Cash Flow from Operating Activities -- RMB 184.2 million for the quarter, up 16.4% year over year; full year net operating cash inflow of RMB 55.2 million versus an outflow of RMB 67.9 million in 2024. -- RMB 184.2 million for the quarter, up 16.4% year over year; full year net operating cash inflow of RMB 55.2 million versus an outflow of RMB 67.9 million in 2024. Learning Services Segment Revenue -- RMB 727.2 million, up 17.7% year over year; digital content services contributed RMB 436.1 million, rising 12.2% year over year. -- RMB 727.2 million, up 17.7% year over year; digital content services contributed RMB 436.1 million, rising 12.2% year over year. Youdao Lingshi Revenue and Retention -- Revenue surged over 40% year over year; retention rates improved to over 75%, about 5 percentage points higher. -- Revenue surged over 40% year over year; retention rates improved to over 75%, about 5 percentage points higher. AI-Driven Subscription Services Sales -- Sales exceeded RMB 100 million for the quarter, mo...
Image source: The Motley Fool. Thursday, May 21, 2026 at 6 a.m. ET Call participants Chief Executive Officer — Feng Zhou Chief Financial Officer — Peng Su Head of Investor Relations — Jeffrey Wang Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Net Revenues -- RMB 1.3 billion, a 3.8% increase year over year, driven by learning services and online marketing. -- RMB 1.3 bi...
Image source: The Motley Fool. Thursday, May 21, 2026 at 6 a.m. ET Call participants Chief Executive Officer — Feng Zhou Chief Financial Officer — Peng Su Head of Investor Relations — Jeffrey Wang Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Net Revenues -- RMB 1.3 billion, a 3.8% increase year over year, driven by learning services and online marketing. -- RMB 1.3 billion, a 3.8% increase year over year, driven by learning services and online marketing. Operating Profit -- RMB 57.5 million, a 44.7% decline year over year, attributed to strategic investments in AI and a high prior-year comparison base. -- RMB 57.5 million, a 44.7% decline year over year, attributed to strategic investments in AI and a high prior-year comparison base. Operating Margin -- Improved sequentially by 0.5 percentage points to 4.3%. -- Improved sequentially by 0.5 percentage points to 4.3%. Cash Flow -- Net operating cash outflow of RMB 93.1 million, narrowed by 63.6% year over year, supported by recent AI product launches. -- Net operating cash outflow of RMB 93.1 million, narrowed by 63.6% year over year, supported by recent AI product launches. Learning Services Revenue -- RMB 627.5 million, up 4.2% year over year, supported by Youdao Lingshi momentum. -- RMB 627.5 million, up 4.2% year over year, supported by Youdao Lingshi momentum. Youdao Lingshi Gross Billings -- Grew over 20% year over year. -- Grew over 20% year over year. AI-Driven Subscription Services -- Sales exceeded RMB 100 million, representing over 70% year-over-year growth. -- Sales exceeded RMB 100 million, representing over 70% year-over-year growth. Programming Course Gross Billings -- Grew over 20% year over year. -- Grew over 20% year over year. Learning Services Gross Margin -- 60.2%, up from 59.8% a year ago. -- 60.2%, up from 59.8% a year ago. Youdao Lingshi Retention Rate -- Exceeded 75%, with continued year-over-year improvement. -- Exceeded 75%, with continued year-over-year improve...
RudyBalasko The Kansas City Composite Index came in at 8 in May, compared to 10 in April, according to data from the district Federal Reserve bank released on Thursday. The composite index is an average of the production, new orders, employment, supplier delivery time, and raw materials inventory indexes. Durable manufacturing activity growth slowed further, driven by declines in transportation eq...
RudyBalasko The Kansas City Composite Index came in at 8 in May, compared to 10 in April, according to data from the district Federal Reserve bank released on Thursday. The composite index is an average of the production, new orders, employment, supplier delivery time, and raw materials inventory indexes. Durable manufacturing activity growth slowed further, driven by declines in transportation equipment, while nondurable manufacturing activity continued to increase, driven primarily by paper and printing manufacturing. Most month-over-month indexes were positive except for new orders for exports, employee count, and raw material inventories. Manufacturing Index stood at 9 in May, compared to 10 prior. "As price pressures increase from customers and material prices continue to increase and employees continue to demand better wages and benefits, manufacturers are getting squeezed to operate razor-thin margins leaving very little room for reinvestment in the company," noted a survey response. Expectations for future activity continued to increase slightly with the composite index increasing from 18 to 19, as expectations for employment increased. More on U.S. Economy U.S. PMI Composite unchanged M/M in May flash reading Initial jobless claims unexpectedly fall in past week Housing starts fall less than expected in April; building permits rise more than consensus
New Orleans state prosecutors on Thursday filed formal misdemeanor battery charges against Shia LaBeouf, four months after police officers there arrested him on allegations that he struck three men at a bar. That move from the office of local district attorney Jason Williams means prosecutors opted to not pursue hate-crime charges against LaBeouf, the star of the Transformers film franchise, despi...
New Orleans state prosecutors on Thursday filed formal misdemeanor battery charges against Shia LaBeouf, four months after police officers there arrested him on allegations that he struck three men at a bar. That move from the office of local district attorney Jason Williams means prosecutors opted to not pursue hate-crime charges against LaBeouf, the star of the Transformers film franchise, despite claims evidently supported by video that LaBeouf aimed anti-gay slurs at the alleged victims. Police arrested LaBeouf after he purportedly punched two men and headbutted a third at the R Bar in the Marigny neighborhood of New Orleans at about 12.45am on 17 February – which was the city’s Mardi Gras holiday. Bar staff had asked him to leave after becoming increasingly aggressive and insulting the men he battered with homophobic slurs, police said in sworn statements filed in court. LaBeouf was briefly jailed after being discharged from a hospital where he was taken at the time of his arrest. But he was soon released, made to put up a $105,000 bond and told by a judge to enroll in substance abuse treatment. One of the alleged victims, Nathan Thomas Reed, identifies as queer and another dresses in drag, the Guardian has previously reported. The latter of those men, named Jeffrey Damnit, captured a cellphone video of LaBeouf directing the homophobic insult “faggot” at him outside the bar. And Damnit had previously spoken openly about his hope that prosecutors would charge LaBeouf under a state law which allows for enhanced penalties against those who victimize others based on the “actual or perceived” basis of sex or gender, among other categories. The Guardian has contacted Reed as well as attorneys for Damnit and LaBeouf for comment. The third alleged victim has said he is not commenting on the case. An arraignment date for LaBeouf, at which he would enter a plea, was not immediately available. LaBeouf’s charges were contained in what is known as a bill of information file...
Long before Zohran Mamdani became New York City’s 112th mayor, he understood that if you want to reach young voters, you have to meet them online. Now, in classic Mamdani fashion, the mayor is taking that strategy even further. On Thursday, Polygon exclusively revealed that Mamdani is launching a recurring Twitch livestream series titled “Talk with the People,” premiering today at 4 p.m. ET, where...
Long before Zohran Mamdani became New York City’s 112th mayor, he understood that if you want to reach young voters, you have to meet them online. Now, in classic Mamdani fashion, the mayor is taking that strategy even further. On Thursday, Polygon exclusively revealed that Mamdani is launching a recurring Twitch livestream series titled “Talk with the People,” premiering today at 4 p.m. ET, where he’ll answer questions directly from viewers through Twitch chat. It will also simulcast across YouTube, TikTok, Instagram, Facebook, X, and Bluesky. The Twitch move says a lot about the changing relationship between politics and the internet. Younger audiences increasingly consume political information through creators, streamers, podcasts, and online personalities rather than traditional media outlets. Twitch especially has evolved far beyond gaming over the past several years, becoming a surprisingly influential political platform where audiences watch discussions about current events in real time, such as influencers like Hasan Piker. Alexandria Ocasio-Cortez famously embraced the platform back in 2020 when she joined Among Us livestreams aimed at encouraging young people to vote. In a statement to Polygon, Mamdani said, “By launching the country’s first recurring cross-platform stream hosted by an elected official, where I’ll answer New Yorkers’ questions live on Twitch, we’re opening up a direct line of conversation between our government and the people, especially younger generations who’ve been ignored for too long.” Mamdani also teased the move on Instagram yesterday with the caption: “5.21.26. 4:10 PM. Live.” Swiping to the next image gave followers a bigger clue with a picture of Franklin D. Roosevelt’s famous fireside chats, the radio broadcasts FDR used to speak directly to Americans in their homes. The comparison appears deliberate. Just as Roosevelt embraced radio as the defining communication technology of his era, Mamdani seems intent on shrinking the dist...
Nvidia (NVDA) delivered a clean Q1 beat and raise on all metrics, and its expected ramp of its Vera Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
Nvidia (NVDA) delivered a clean Q1 beat and raise on all metrics, and its expected ramp of its Vera Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
your_photo/iStock via Getty Images OSI Systems ( OSIS ) recently reported its Q3 numbers , and given the fact that it is down over 30% since its recent highs, I thought it would be a good time to revisit, since it has also been around a year since my first report on the company, when I gave it a hold rating. With this massive correction, the company's share price is underperforming the SPY ( SPY )...
your_photo/iStock via Getty Images OSI Systems ( OSIS ) recently reported its Q3 numbers , and given the fact that it is down over 30% since its recent highs, I thought it would be a good time to revisit, since it has also been around a year since my first report on the company, when I gave it a hold rating. With this massive correction, the company's share price is underperforming the SPY ( SPY ) by a decent margin in just a year. Seeking Alpha Briefly on the Company Because it's been a while, it is worth revisiting what the company does. It's a diversified electronics manufacturer in three distinct segments: Security, Optoelectronics & Manufacturing, and Healthcare. The company develops mission-critical equipment, including airport security X-ray machines, metal detectors, medical patient monitoring devices, and optoelectronic components for aerospace, defense, and industrial applications. By the Numbers Starting from the top, OSI's revenues came in at $453m, up only about 2% y/y, and beat estimates by close to $4m. Looking at the company's revenue breakdown in more detail, we can see that the product revenue grew only 1%, while services grew around 5%. With products taking up a much bigger total revenue share, it had dragged down the overall performance considerably. However, the performance across the board seems to be quite underwhelming. The management attributed this lackluster performance to timing issues within the Security division. There was a significant Mexico contract that was recognized last year during the same quarter, which didn't repeat this time around. Looking at the company's profitability, OSI's consolidated performance shows us that operating margins have declined by around 100bps to 11.7%. On an adjusted basis, the deterioration was not as bad, bringing non-GAAP operating margin down to 13.9% vs. 14.2% last year. Security segment performed the best, with 20bps improvement to 18.3%, while the smallest revenue segment, Healthcare, saw the bigg...
Shares of International Business Machines (NYSE:IBM) are up 8% in mid-morning trading Thursday, while three legacy enterprise tech peers don’t have the same rocket fuel today. Oracle (NYSE:ORCL), Cisco Systems (NASDAQ:CSCO), and Hewlett Packard Enterprise (NYSE:HPE) are providing mixed results and falling behind IBM stock. The setup is striking because IBM stock has been the ... IBM Rallies 8% Whi...
Shares of International Business Machines (NYSE:IBM) are up 8% in mid-morning trading Thursday, while three legacy enterprise tech peers don’t have the same rocket fuel today. Oracle (NYSE:ORCL), Cisco Systems (NASDAQ:CSCO), and Hewlett Packard Enterprise (NYSE:HPE) are providing mixed results and falling behind IBM stock. The setup is striking because IBM stock has been the ... IBM Rallies 8% While Oracle, Cisco, HPE Drift: Is the Laggard Finally Bouncing?
Maddie Meyer/Getty Images News Moderna’s ( MRNA ) marketing application for its flu vaccine, mRNA-1010, will be reviewed by the FDA's independent experts next month, according to a federal notice posted on Thursday. The meeting of the FDA's Vaccines and Related Biological Products Advisory Committee is scheduled to take place on June 18. In February, the regulator accepted the company’s biologics ...
Maddie Meyer/Getty Images News Moderna’s ( MRNA ) marketing application for its flu vaccine, mRNA-1010, will be reviewed by the FDA's independent experts next month, according to a federal notice posted on Thursday. The meeting of the FDA's Vaccines and Related Biological Products Advisory Committee is scheduled to take place on June 18. In February, the regulator accepted the company’s biologics license application for the messenger RNA-based shot, reversing an earlier decision to refuse its review. The agency assigned August 5, 2026, as the target action date in connection with the BLA, which seeks U.S. approval of mRNA-1010 for adults aged 50 years and older for the 2026/2027 flu season. The FDA previously issued a refusal-to-file letter for the BLA, noting that it lacked data from an “adequate and well-controlled” clinical trial. The advisory committees issue non-binding recommendations for the FDA. However, the regulator usually follows them before making a final decision on authorizations. More on Moderna Moderna, Inc. (MRNA) Presents at RBC Capital Markets Global Healthcare Conference 2026 Transcript Moderna, Inc. (MRNA) Presents at Bank of America Global Healthcare Conference 2026 Transcript Moderna: mRNA Vaccine Is Only Viable In A COVID-Like Situation, Strong Sell HHS rescinds vaccine panel charter citing 'administrative error' FDA leadership fallout continues as acting CDER Director Hoeg departs
Walmart plans price cuts using tariff refunds as shoppers get skittish toggle caption Will Newton/Getty Images Stay up to date with our Up First newsletter sent every weekday morning. Walmart will likely put its tariff refunds toward lowering store prices, executives said on Thursday, as they described shoppers who are increasingly anxious about the rising cost of fuel. In recent weeks, visitors t...
Walmart plans price cuts using tariff refunds as shoppers get skittish toggle caption Will Newton/Getty Images Stay up to date with our Up First newsletter sent every weekday morning. Walmart will likely put its tariff refunds toward lowering store prices, executives said on Thursday, as they described shoppers who are increasingly anxious about the rising cost of fuel. In recent weeks, visitors to Walmart's gas stations have begun to fill up with fewer than ten gallons for the first time since 2022, Chief Financial Officer John David Rainey told investors on an earnings call. "That's an indication of stress," he said. "We see with our customers that the high-income customer is spending with confidence," Rainey added later, "while the lower-income consumer is more budget-conscious and perhaps navigating financial distress." Sponsor Message The U.S. government last week began refunding tariffs payments to importers that paid higher customs fees imposed by President Trump last year before the Supreme Court struck down most of them. Walmart is now the largest retailer to suggest that it will put those refunds toward potential price cuts. "We think that the single best return that we can have on a dollar of capital right now is to investment in the customer, invest in price," Rainey said, noting that Walmart's stores and gas stations have been drawing more shoppers looking for deals. U.S. sales grew 4.1% from February through April. Shoppers' slightly bigger tax refunds this year seem to be offsetting some of the budget pain so far. That's according to rival retailers Home Depot, Target and Lowe's, which also held earnings calls this week. Sales at all three companies grew in the latest quarter. The latest federal data shows spending at retail stores and online grew 5.2% in April compared to a year earlier, surpassing inflation. That means people may have spent more because of higher prices, but also because they bought more things. At gas stations, spending surged a wh...