DUBAI, United Arab Emirates, May 05, 2026 (GLOBE NEWSWIRE) -- Datalec Precision Installations (DPI), a global provider of integrated data centre delivery solutions, today announced it has officially incorporated a new entity in the Kingdom of Saudi Arabia (KSA), marking a significant milestone in its strategic growth across the Middle East. The new Saudi entity strengthens DPI’s ability to deliver...
DUBAI, United Arab Emirates, May 05, 2026 (GLOBE NEWSWIRE) -- Datalec Precision Installations (DPI), a global provider of integrated data centre delivery solutions, today announced it has officially incorporated a new entity in the Kingdom of Saudi Arabia (KSA), marking a significant milestone in its strategic growth across the Middle East. The new Saudi entity strengthens DPI’s ability to deliver end-to-end data centre design, build and fit-out services in one of the world’s fastest-growing dig
Donny DBM/iStock via Getty Images Market review Economic indicators in the first quarter of 2026 were mixed. The 4Q25 growth rate was revised downward to 0.7% from its initial estimate of 1.4%. In addition, the unemployment rate edged up marginally to 4.4% in February. However, other growth indicators including personal spending and data released by the Institute of Supply Management show a resili...
Donny DBM/iStock via Getty Images Market review Economic indicators in the first quarter of 2026 were mixed. The 4Q25 growth rate was revised downward to 0.7% from its initial estimate of 1.4%. In addition, the unemployment rate edged up marginally to 4.4% in February. However, other growth indicators including personal spending and data released by the Institute of Supply Management show a resilient economy. In addition, while the US Consumer Price Index (CPI) slowed, the US Federal Reserve's (Fed's) preferred measure of inflation – the Core Personal Consumption Expenditures Price Index ((Core PCE)) – showed inflation stubbornly at or above 3%, well above the Fed's target of 2%. War in the Middle East erupted at the end of February as the US and Israel attacked Iran. The asymmetric nature of the warfare is fully reflected in energy prices, as Iran retaliated by closing the Strait of Hormuz through which more than 20% of the world's oil and gas passes. Other commodities, notably fertilizer, were also affected. The price of energy rose globally with the benchmark Brent Crude Oil contract trading above $110 a barrel. However, the economic impact will likely be greater in Europe and Asia while the US benefits from its energy surplus situation as a result of the fracking revolution over the past few decades. The length of the war, and the oil blockage, will determine the extent of the economic damage. However, the US entered the war with some positive momentum and the fiscal tailwind of soon-to-arrive larger tax refunds resulting from the One Big Beautiful Bill Act. Artificial intelligence ( AI ) capital expenditure was also a positive factor for the economy over the quarter. Markets, which were already jittery towards the end of last year, moved lower on the outbreak of the Iran war, although in an orderly manner with no discernible panic. Private-credit fears were also evident as investors stressed the liquidity in that space and some market pundits sounded the alarm....
(RTTNews) - ADTRAN Holdings, Inc. (ADTN) reported a narrower first-quarter loss, supported by higher revenue driven by growth in its Network Solutions segment.
(RTTNews) - ADTRAN Holdings, Inc. (ADTN) reported a narrower first-quarter loss, supported by higher revenue driven by growth in its Network Solutions segment.
Sudan’s armed forces blamed a drone attack on Monday that targeted Khartoum airport on the United Arab Emirates and Ethiopia, the latest in a barrage of assaults in recent days that has shattered months of relative calm in Sudan’s capital, three years into its civil war. Reuters could not independently verify the claims. Neither country immediately commented on the allegations made late on Monday...
Sudan’s armed forces blamed a drone attack on Monday that targeted Khartoum airport on the United Arab Emirates and Ethiopia, the latest in a barrage of assaults in recent days that has shattered months of relative calm in Sudan’s capital, three years into its civil war. Reuters could not independently verify the claims. Neither country immediately commented on the allegations made late on Monday. Sudan has often accused the UAE of supporting Rapid Support Forces (RSF) paramilitaries, a charge...
hapabapa/iStock Editorial via Getty Images Over the past year, one of the most shocking trends in investing is the backlash that has built up against software stocks. Since the dotcom boom, conventional wisdom has held that hardware companies largely offer commoditized products, where the true value differentiation and growth potential lie in software. 2026 and the "SaaSpocalypse" trend have turne...
hapabapa/iStock Editorial via Getty Images Over the past year, one of the most shocking trends in investing is the backlash that has built up against software stocks. Since the dotcom boom, conventional wisdom has held that hardware companies largely offer commoditized products, where the true value differentiation and growth potential lie in software. 2026 and the "SaaSpocalypse" trend have turned that narrative upside down, with software stocks in a deep bear market while semiconductor stocks power the majority of the S&P 500's gains. Even Palantir ( PLTR ), one of the market's original AI darlings, hasn't been immune. Shares are down ~10% since the start of the year and ~25% from last November's peaks around $200. Even a blowout Q1 beat-and-raise did little to move Palantir's stock higher. Is the reign of software stocks over? Data by YCharts I last wrote a "Buy" article on Palantir in February, when the stock was trading at just shy of ~$150 per share. While I have been disappointed in Palantir lagging the broader market recovery recently, I see no reason at all to lose conviction in my position, and I view recent dips in this stock as a monumental buying opportunity. I reiterate my "Buy" rating here. Two types of trades, both related to the data center boom, have been very successful this year. Chip stocks themselves, particularly memory suppliers like Micron ( MU ), have enjoyed tremendous growth rates as memory sits in a deep constraint and Micron benefits from price spikes. Second, the rise of "neocloud" companies like CoreWeave ( CRWV ) that provide compute have also seen their share prices soar. But Palantir's recent Q1 earnings print demonstrates two qualities that the popular AI trades of today lack: durable, recurring demand and structurally higher profitability. We'll now examine these items in turn. Palantir's Enormous Growth Rate Acceleration is Proof of Its Early-Stage Demand Here's where I am very skeptical of the chip stock trade. Yes, we fully ac...
hapabapa/iStock Editorial via Getty Images Over the past year, one of the most shocking trends in investing is the backlash that has built up against software stocks. Since the dotcom boom, conventional wisdom has held that hardware companies largely offer commoditized products, where the true value differentiation and growth potential lie in software. 2026 and the "SaaSpocalypse" trend have turne...
hapabapa/iStock Editorial via Getty Images Over the past year, one of the most shocking trends in investing is the backlash that has built up against software stocks. Since the dotcom boom, conventional wisdom has held that hardware companies largely offer commoditized products, where the true value differentiation and growth potential lie in software. 2026 and the "SaaSpocalypse" trend have turned that narrative upside down, with software stocks in a deep bear market while semiconductor stocks power the majority of the S&P 500's gains. Even Palantir ( PLTR ), one of the market's original AI darlings, hasn't been immune. Shares are down ~10% since the start of the year and ~25% from last November's peaks around $200. Even a blowout Q1 beat-and-raise did little to move Palantir's stock higher. Is the reign of software stocks over? Data by YCharts I last wrote a "Buy" article on Palantir in February, when the stock was trading at just shy of ~$150 per share. While I have been disappointed in Palantir lagging the broader market recovery recently, I see no reason at all to lose conviction in my position, and I view recent dips in this stock as a monumental buying opportunity. I reiterate my "Buy" rating here. Two types of trades, both related to the data center boom, have been very successful this year. Chip stocks themselves, particularly memory suppliers like Micron ( MU ), have enjoyed tremendous growth rates as memory sits in a deep constraint and Micron benefits from price spikes. Second, the rise of "neocloud" companies like CoreWeave ( CRWV ) that provide compute have also seen their share prices soar. But Palantir's recent Q1 earnings print demonstrates two qualities that the popular AI trades of today lack: durable, recurring demand and structurally higher profitability. We'll now examine these items in turn. Palantir's Enormous Growth Rate Acceleration is Proof of Its Early-Stage Demand Here's where I am very skeptical of the chip stock trade. Yes, we fully ac...
(RTTNews) - British lending major HSBC Holdings Plc (HSBC, HSBA.L, 0005.HK) reported Tuesday lower pre-tax profit in first quarter, while net profit increased from last year, amid higher revenues. Further, the firm raised banking net interest income or NII outlook for fiscal 2026
(RTTNews) - British lending major HSBC Holdings Plc (HSBC, HSBA.L, 0005.HK) reported Tuesday lower pre-tax profit in first quarter, while net profit increased from last year, amid higher revenues. Further, the firm raised banking net interest income or NII outlook for fiscal 2026
Ole_CNX/iStock via Getty Images Market Review The US equity market fell in the first quarter, as investors were buffeted by geopolitical risks, an uncertain outlook for interest rates, and evolving sentiment about artificial intelligence (AI). The quarter was a turbulent one for the US stock market, marked by a series of disruptive developments that stoked anxiety among investors. At the forefront...
Ole_CNX/iStock via Getty Images Market Review The US equity market fell in the first quarter, as investors were buffeted by geopolitical risks, an uncertain outlook for interest rates, and evolving sentiment about artificial intelligence (AI). The quarter was a turbulent one for the US stock market, marked by a series of disruptive developments that stoked anxiety among investors. At the forefront of these developments was the escalating hostilities in the Middle East, where the US and Israel launched a joint military campaign against Iran on the last day of February. News that Iran had imposed a near-total blockade of the Strait of Hormuz in response to airstrikes rattled investors, who feared that its effective closure would strongly impact the US economy given that one-fifth of the world's oil and natural gas and roughly one-third of the world's fertilizer that sustains global crops pass through the narrow waterway. With oil prices soaring and amid expectations that food prices would soon climb due to the rising cost of fertilizer, concerns were growing that Iran's actions would lead to a surge in inflation around the world. Worries about the inflationary impact of surging oil prices led to a sell-off in the US government bond market, with the resultant rise in yields cranking up the pressure on US stocks by undercutting their appeal. US stock and oil markets were volatile throughout March, as investors searched for any signs that a de-escalation of hostilities was on the horizon. The price of Brent crude oil, the global benchmark, ended the March at US$118.45 per barrel, a 63% increase since the war in Iran began on 28 February, and the largest monthly jump in percentage terms on record. The future path of interest rates grew more uncertain over the course of the period, as the economic fallout from the war in Iran emerged as a major factor in deliberations about monetary policy by the Federal Reserve. The Fed, as expected, held interest rates steady at its poli...
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2026.
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2026.
TORONTO, May 05, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2026.
TORONTO, May 05, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2026.
(RTTNews) - Loomis AB (LOIMF, LOOMIS.ST), a Swedish cash handling company, on Monday announced an agreement to acquire Hermes Transportes Blindados S.A. through a public tender offer.
(RTTNews) - Loomis AB (LOIMF, LOOMIS.ST), a Swedish cash handling company, on Monday announced an agreement to acquire Hermes Transportes Blindados S.A. through a public tender offer.
CK Hutchison Holdings said on Tuesday it had agreed to exit its 49 per cent stake in UK mobile operator VodafoneThree, in a £4.3 billion (US$5.82 billion) deal that will see it fully divest from the country’s largest mobile network by subscribers. The deal will allow the Hong Kong-listed conglomerate to monetise its investment in a business with more than 28 million customers in the United Kingdom...
CK Hutchison Holdings said on Tuesday it had agreed to exit its 49 per cent stake in UK mobile operator VodafoneThree, in a £4.3 billion (US$5.82 billion) deal that will see it fully divest from the country’s largest mobile network by subscribers. The deal will allow the Hong Kong-listed conglomerate to monetise its investment in a business with more than 28 million customers in the United Kingdom, according to a company filing disclosed to the Hong Kong Exchange. The stake is held through its...