France announced fresh measures to curb reliance on Chinese rare earths in a move to safeguard industries ranging from consumer electronics to electric cars and offshore wind. France’s push reflects intensifying global efforts to secure access to raw materials that are essential to the energy transition, after China — which has long dominated the market for rare earths — used export controls as a ...
France announced fresh measures to curb reliance on Chinese rare earths in a move to safeguard industries ranging from consumer electronics to electric cars and offshore wind. France’s push reflects intensifying global efforts to secure access to raw materials that are essential to the energy transition, after China — which has long dominated the market for rare earths — used export controls as a trade weapon in 2025. Under the measures unveiled Tuesday, large auto companies will have to submit plans to broaden their supplies of high-strength magnets — in which rare earths are a key component — to remain eligible for some government subsidies. Offshore wind developers will also have to commit to diversification plans in forthcoming auctions. “China has grabbed a very large market share,” French Finance Minister Roland Lescure said after visiting a plant in southern France that will produce rare earths. “What’s at stake is to recreate competitive industries.” The government, which has invested in a fund aimed at boosting Europe’s access to critical minerals, also pledged Tuesday to cut red tape and extend a tax credit for rare-earth projects. It said it will also support research to develop car components that don’t require those minerals. France will host a meeting of Group of Seven trade officials in Paris on Wednesday, where diversification of critical material supply chains will be on the agenda. Read More: France Says EU Will Retaliate If US Threatens Its Industries
KKR & Co. Chief Financial Officer Rob Lewin says it is still a good time to enter the private credit space. "We still view this as a compelling asset class,” he said on "Bloomberg Surveillance." (Source: Bloomberg)
KKR & Co. Chief Financial Officer Rob Lewin says it is still a good time to enter the private credit space. "We still view this as a compelling asset class,” he said on "Bloomberg Surveillance." (Source: Bloomberg)
The cars rolling off production lines right now are filled with old ideas. From beginning to end, the creation of a new vehicle can take five years or longer - which is plenty of time for a lot of tastes, politics, and gas prices to change. That's one reason car manufacturers are so enthusiastic about the potential for AI to help speed up certain parts of the process, from model-making to wind-tun...
The cars rolling off production lines right now are filled with old ideas. From beginning to end, the creation of a new vehicle can take five years or longer - which is plenty of time for a lot of tastes, politics, and gas prices to change. That's one reason car manufacturers are so enthusiastic about the potential for AI to help speed up certain parts of the process, from model-making to wind-tunneling. LLMs could be poised to change the way we get around. Verge subscribers, don't forget you get exclusive access to ad-free Vergecast wherever you get your podcasts. Head here . Not a subscriber? You can sign up here . On this episode of T … Read the full story at The Verge.
Sundry Photography/iStock Editorial via Getty Images Shares of Fabrinet ( FN ) fell about 6% on Tuesday after analysts pointed to investor concerns over Datacom being constrained by supply despite the fiscal third quarter beating estimates. GF Securities (Hong Kong) kept its Hold rating but raised the price target to $615 on the shares of Fabrinet — which provides optical packaging and electronic ...
Sundry Photography/iStock Editorial via Getty Images Shares of Fabrinet ( FN ) fell about 6% on Tuesday after analysts pointed to investor concerns over Datacom being constrained by supply despite the fiscal third quarter beating estimates. GF Securities (Hong Kong) kept its Hold rating but raised the price target to $615 on the shares of Fabrinet — which provides optical packaging and electronic manufacturing services, among other things. "The stock price declined ~11% after hours, primarily driven by concerns over the sequentialdecline in the Datacom," said analysts led by Alicia Xia. "Datacom constrained by supply; new hyperscaler wins add visibility: Datacom revenue was $260mn, +4% YoY / -6% QoQ, with growth limited by EML laser shortages, as global laser supply remains tight and competition for components is intense. Despite this, Fabrinet has secured new hyperscaler direct wins (two 800G transceiver programs) and is expanding into merchant transceiver opportunities, which should ramp through FY27 and diversify the customer base." The analysts noted that optical circuit switches, or OCS, remain in the early stages despite Fabrinet's micro-electro-mechanical systems, or MEMS, experience, requiring further capacity build-out. In co-packaged optics, or CPO, the company is positioned in optical packaging and Silicon Photonics, or SiPh, assembly, supported by its Raytek partnership to strengthen advanced packaging capabilities. Xia and her team said that in Telecom, momentum remains very strong, particularly in Data Center Interconnect, or DCI, where revenue grew +90% year-over-year and 38% quarter-over-quarter, supported by ongoing ramps in 400ZR and early-stage 800ZR deployments. The analysts added that in non-optical, high-performance computing, or HPC, revenue reached $107M (+25% quarter-over-quarter), with ramp timing slightly pushed out due to product transitions, but with broader program wins expanding the long-term opportunity. "Fabrinet’s FY26 Q3 results ca...
Micron’s stock soars as new report throws cold water on the bear case: ‘This time is different.’ MarketWatch Will Strong Memory Pricing Further Lift Micron Technology's Cash Flow? Yahoo Finance Micron: Wall Street Went Extremely Greedy, Again (NASDAQ:MU) Seeking Alpha Why Micron Stock Keeps Going Up The Motley Fool Micron Jumps 7%: Is the Memory Maker Now a Structural AI Winner? 24/7 Wall St. Micr...
Micron’s stock soars as new report throws cold water on the bear case: ‘This time is different.’ MarketWatch Will Strong Memory Pricing Further Lift Micron Technology's Cash Flow? Yahoo Finance Micron: Wall Street Went Extremely Greedy, Again (NASDAQ:MU) Seeking Alpha Why Micron Stock Keeps Going Up The Motley Fool Micron Jumps 7%: Is the Memory Maker Now a Structural AI Winner? 24/7 Wall St. Micron (MU) Stock Soars to Record High — What’s Driving the Rally? TipRanks What's Going On With Micron Technology Stock Monday? Benzinga Micron Technology (MU) Hits All-Time High on Chip Demand Yahoo Finance Micron stock surges 9%: how high can it go? Invezz
JHVEPhoto/iStock Editorial via Getty Images Advanced Micro Devices' ( AMD ) weekly options are pricing a nearly 9% post-earnings move ahead of the chipmaker’s first-quarter results after Tuesday's market close. Overall, the structure of the May 8 chain leaned toward aggressive upside participation, especially through the 350, 360 and 400 strikes, but heavy put activity shows traders were not treat...
JHVEPhoto/iStock Editorial via Getty Images Advanced Micro Devices' ( AMD ) weekly options are pricing a nearly 9% post-earnings move ahead of the chipmaker’s first-quarter results after Tuesday's market close. Overall, the structure of the May 8 chain leaned toward aggressive upside participation, especially through the 350, 360 and 400 strikes, but heavy put activity shows traders were not treating the report as a low-risk event. Near-the-money straddles suggest traders are bracing for a move of roughly $29.50 to $30 by Friday expiration. The 340 straddle was worth about $29.45 on mid-pricing, implying an 8.6% to 8.7% move and putting the market’s first-pass post-report range near $312 to $371. AMD ( AMD ) closed Monday's session at $341.54 a share. The call side showed heavy interest both immediately above spot and farther out on the upside wing. The 350 call was the standout, with 18,887 contracts traded and 5,812 in open interest. The 400 call traded 13,769 contracts and carried 10,425 in open interest, the largest visible call open-interest cluster in the upper part of the chain. The put side was also active, keeping the setup from looking like a clean one-way bullish bet. The 300 put traded 13,180 contracts and had 8,194 in open interest, while the 340 put carried 9,193 contracts in open interest. Ahead of the report, Wedbush Securities believes the company could get a boost from strong artificial intelligence-related spending. And, given the sharp run in the stock over the past 12 months, AMD's subsequent earnings call is likely to take on outsized importance, GF Securities had said. More on AMD Advanced Micro Devices Technical: Steep Run-Up Ahead Of Earnings, At Risk Of Mean Reversion Decline Below 380.20 AMD Faces Downside Risk Following Earnings AMD: Cooling My Rating, Not My Conviction Zyphra launches AI cloud platform powered by AMD chips Morgan Stanley ups targets on several semiconductor stocks as market strengthens
JHVEPhoto/iStock Editorial via Getty Images Advanced Micro Devices' ( AMD ) weekly options are pricing a nearly 9% post-earnings move ahead of the chipmaker’s first-quarter results after Tuesday's market close. Overall, the structure of the May 8 chain leaned toward aggressive upside participation, especially through the 350, 360 and 400 strikes, but heavy put activity shows traders were not treat...
JHVEPhoto/iStock Editorial via Getty Images Advanced Micro Devices' ( AMD ) weekly options are pricing a nearly 9% post-earnings move ahead of the chipmaker’s first-quarter results after Tuesday's market close. Overall, the structure of the May 8 chain leaned toward aggressive upside participation, especially through the 350, 360 and 400 strikes, but heavy put activity shows traders were not treating the report as a low-risk event. Near-the-money straddles suggest traders are bracing for a move of roughly $29.50 to $30 by Friday expiration. The 340 straddle was worth about $29.45 on mid-pricing, implying an 8.6% to 8.7% move and putting the market’s first-pass post-report range near $312 to $371. AMD ( AMD ) closed Monday's session at $341.54 a share. The call side showed heavy interest both immediately above spot and farther out on the upside wing. The 350 call was the standout, with 18,887 contracts traded and 5,812 in open interest. The 400 call traded 13,769 contracts and carried 10,425 in open interest, the largest visible call open-interest cluster in the upper part of the chain. The put side was also active, keeping the setup from looking like a clean one-way bullish bet. The 300 put traded 13,180 contracts and had 8,194 in open interest, while the 340 put carried 9,193 contracts in open interest. Ahead of the report, Wedbush Securities believes the company could get a boost from strong artificial intelligence-related spending. And, given the sharp run in the stock over the past 12 months, AMD's subsequent earnings call is likely to take on outsized importance, GF Securities had said. More on AMD Advanced Micro Devices Technical: Steep Run-Up Ahead Of Earnings, At Risk Of Mean Reversion Decline Below 380.20 AMD Faces Downside Risk Following Earnings AMD: Cooling My Rating, Not My Conviction Zyphra launches AI cloud platform powered by AMD chips Morgan Stanley ups targets on several semiconductor stocks as market strengthens
S_Lew/iStock via Getty Images Since my last Napco ( NSSC ) stock analysis , in which I issued a Hold rating, the stock has fallen by over 20% in price. That analysis was titled with a caution of overvaluation, and I was proven right as the stock dropped by over 50% in price in the months following before recovering. The company just reported Q3 earnings, and results were good enough to sustain sen...
S_Lew/iStock via Getty Images Since my last Napco ( NSSC ) stock analysis , in which I issued a Hold rating, the stock has fallen by over 20% in price. That analysis was titled with a caution of overvaluation, and I was proven right as the stock dropped by over 50% in price in the months following before recovering. The company just reported Q3 earnings, and results were good enough to sustain sentiment leading into the 2027 sentiment inflection point before a credible 2028 fundamental acceleration zone. First, I will outline the earnings report in concise depth, before showing you my thesis for alpha due to forward growth prospects in earnings. I consider the risk-reward setup to be good enough here for a Buy rating, but it is not a clean value asymmetry trade as margin of safety is lacking and future returns therefore depend more on the operating performance alone. That said, probabilistically, upside looks much more likely than downside due to forward operational positioning, so I'm bullish. Q3 Earnings Analysis Q3 revenue rose 11.8% year-over-year, with recurring service revenue growing by 15.4%. Adjusted EBITDA rose by 20.2%. In essence, strong underlying fundamentals, but not perfect. Recurring service revenue was about 51% of Q3 revenue, but about 3/4 of total gross profit, because it carried a staggering 90.4% gross margin. This creates somewhat of a better setup in forward growth and stock price security: NSSC is not just the security hardware company it was once known for, it's operating through hardware-enabled recurring revenue. That said, because equipment remains the mechanism that creates many future service accounts, recurring service revenue may moderate in growth for periods. Recurring service revenue is mainly generated through StarLink cellular communication devices. We're already seeing this steady growth play out as the annualized run rate based on April 2026 revenue is $101M versus $99M sequentially . Equipment is actually helping at this junc...
DNY59/iStock via Getty Images By Robin Marshall, M.A., MPhil, Director, Global Investment Research | Belle Chang, MBA, Senior Manager, Global Investment Research More benign macro setting for 2026 energy shock Short Treasuries and Canadian govt bond markets discount modest 25-50bp tightening moves in 2026-27 on inflation risks from the Q1 energy shock. This may be premature in Canada, given inflat...
DNY59/iStock via Getty Images By Robin Marshall, M.A., MPhil, Director, Global Investment Research | Belle Chang, MBA, Senior Manager, Global Investment Research More benign macro setting for 2026 energy shock Short Treasuries and Canadian govt bond markets discount modest 25-50bp tightening moves in 2026-27 on inflation risks from the Q1 energy shock. This may be premature in Canada, given inflation at target and weak growth, though the Fed faces a bigger inflation challenge. Underestimation of interest rate risks in 2022 may explain this, even if APAC is more exposed in 2026. Adverse duration effects caused longs to under-perform in Q1, even as curves flattened. Credit held up well and remains a strong outperformer on 12M. Macro & policy backdrop – More benign conditions than 2022 for an energy shock US inflation above target means a bigger challenge for the Fed than the BoC, from an energy shock. Canadian inflation at target and large energy sector a more benign setting. Spotlight on Middle East energy shock – APAC more exposed but global stagflation risk. APAC economies worse hit but global stagflation risks increase on energy shock. Major G7 stagflations were driven by oil shocks, but stable inflation expectations lower repeat risk. FX – USD regains some safe-haven status. Yen suffers from Japan’s energy exposure The US switch to a net energy exporter helped the USD recover safe-haven status in Q1. US Treasuries and credit – Short breakevens spike and term premia increase Breakeven curve signals doubts on Fed inflation target. Credit stable despite the oil shock. Canadian govt, provis and munis – Short yields price in modest BoC tightening Curve bear flattens, and provi and muni spreads widen as markets price in tightening after the energy shock, despite the BoC focusing on downside risks to growth and inflation at target. Canadian IG & HY credit – Investors re-price risk in Q1, but no major credit event to date Yield levels, credit quality & large HY energy we...
SunocoCorp LLC press release ( SUNC ): Q1 GAAP EPS of $2.13. Revenue of $10.7B. More on SunocoCorp LLC I Own The Gas Pump With 6% Yields And 5% Dividend Growth: Sunoco Historical earnings data for SunocoCorp LLC Dividend scorecard for SunocoCorp LLC Financial information for SunocoCorp LLC
SunocoCorp LLC press release ( SUNC ): Q1 GAAP EPS of $2.13. Revenue of $10.7B. More on SunocoCorp LLC I Own The Gas Pump With 6% Yields And 5% Dividend Growth: Sunoco Historical earnings data for SunocoCorp LLC Dividend scorecard for SunocoCorp LLC Financial information for SunocoCorp LLC
Knight-Swift Transportation ( KNX ) plans to offer $1B of convertible senior notes due 2031 in a private placement. The company also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $150M of the notes. The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering . Knight-Swift e...
Knight-Swift Transportation ( KNX ) plans to offer $1B of convertible senior notes due 2031 in a private placement. The company also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $150M of the notes. The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering . Knight-Swift expects to use the net proceeds from the offering to pay the cost of the capped call transactions, to repay all $300M principal amount outstanding under its term loan due 2027, to repay $400M of the $700M principal amount outstanding under its term loan due 2030 and, to the extent of any remaining proceeds, to repay a portion of the principal amount outstanding under its revolving line of credit. More on Knight-Swift Transportation Holdings Inc. Knight-Swift Transportation Holdings Inc. (KNX) Q1 2026 Earnings Call Transcript Knight-Swift Transportation Holdings Inc. 2026 Q1 - Results - Earnings Call Presentation Knight-Swift Transportation: Its Rally Has Already Run Longer And Farther Than Expected Knight-Swift projects Q2 2026 adjusted EPS of $0.45 to $0.49 as truckload bid targets shift to high single to low double-digit increases Knight-Swift Transportation Holdings Inc. Q1 2026 Earnings Preview
Japan’s defence minister pledged to deepen military cooperation with the Philippines during a visit Tuesday to Manila, aiming for the “early transfer” of Abukuma-class destroyers to the archipelago nation. The two countries’ shared grievances over Chinese territorial claims have seen them draw increasingly close in recent years, including the signing of a reciprocal access agreement allowing for t...
Japan’s defence minister pledged to deepen military cooperation with the Philippines during a visit Tuesday to Manila, aiming for the “early transfer” of Abukuma-class destroyers to the archipelago nation. The two countries’ shared grievances over Chinese territorial claims have seen them draw increasingly close in recent years, including the signing of a reciprocal access agreement allowing for the deployment of troops on each other’s territory. Defence Minister Shinjiro Koizumi’s visit came as...