Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at Johannesburg’s meltdown. And: Nigeria, Ghana hold rates as Mauritius, Rwanda hike The US has pulled back from efforts to tackle Ebola Cities across the world are adapting to extreme weather Going Bust Johannesburg has ...
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at Johannesburg’s meltdown. And: Nigeria, Ghana hold rates as Mauritius, Rwanda hike The US has pulled back from efforts to tackle Ebola Cities across the world are adapting to extreme weather Going Bust Johannesburg has more millionaires than any other African city, is home to the bulk of large South African companies and sits at the heart of a bustling conurbation of some 15 million people. Despite all that — and the monikers it attracts as the continent’s financial capital and richest city — it can’t pay its bills . Finance Minister Enoch Godongwana last month notified Johannesburg Mayor Dada Morero that he’d halt $480 million in state funding to the municipality unless it canceled an unaffordable wage deal with city workers. On Sunday, state power utility Eskom took out a full-page newspaper advertisement warning Johannesburg residents to expect outages if the city doesn’t settle overdue debt of more than $300 million. The council was also forced to admit it could no longer pay contractors to drive water tankers to areas where piped supply has broken down. In addition to having to contend with the lack of electricity and water, and potholed streets, residents have seen treasures such as the 111-year-old Johannesburg Art Gallery fall into disrepair. Critics trace the decline back to the city’s hosting of the 2010 Football World Cup final, prior to which the national government pressured municipal authorities to keep the streets presentable. Since then, factional fighting within Morero’s African National Congress, a decade of coalition governments and repeated mayoral changes have led to a deterioration in services, crumbling infrastructure and corruption scandals. For the ANC, the country’s biggest political party and leader of an alliance that currently runs Johannesburg, the financial ...
neiu20001 Kroger ( KR ) is taking on its larger competitors and exploring price cuts throughout the store as its new CEO looks to pull the grocery chain out of the “midfield.” “I think about our business a bit like a Formula One race. There’s a lead group of cars that are doing a very good job,” Kroger CEO and former Walmart ( WMT ) executive Greg Foran said in an interview with Bloomberg. “Our ob...
neiu20001 Kroger ( KR ) is taking on its larger competitors and exploring price cuts throughout the store as its new CEO looks to pull the grocery chain out of the “midfield.” “I think about our business a bit like a Formula One race. There’s a lead group of cars that are doing a very good job,” Kroger CEO and former Walmart ( WMT ) executive Greg Foran said in an interview with Bloomberg. “Our objective is to get out of the midfield and start lapping faster, make up the gap on the first-group cars, and then ideally pass them.” To achieve this, Kroger ( KR ) is testing price cuts with the intention to phase them in, capitalizing on the proliferation of budget-minded consumers that have migrated to Walmart ( WMT ) and Costco ( COST ). To preserve margins, Kroger ( KR ) will lower costs by importing merchandise directly and using technology more effectively. Over the past year, the grocery chain has invested heavily in artificial intelligence, especially in its fulfillment centers to create a more efficient supply chain. Along with lower prices and increased efficiencies, Kroger ( KR ) will make stores friendlier and faster, and plans to increase the company’s presence in more communities that are being better served by competitors, namely in the Northeast. The company plans to open as many as 80 new stores in 2027, double the amount planned for 2026. “Our objective is to execute what we think is a very clear, sensible plan. We want to be America’s best grocer,” Foran said. Kroger ( KR ) shares have dropped into Thursday’s open, trading at a loss of 4% in premarket action. The company will report first-quarter results before the market open on June 2. Kroger ( KR ) is expected to have earned an adjusted profit of $1.58 per share on $45.34B in sales, an increase of 6% and 0.5% year-over-year, respectively. More on Kroger As A Stock, Walmart Offers Poor Value While Kroger Is Priced At A Discount Kroger: Limited Growth Drivers, Downgraded To Hold Kroger: Strong E-Commerc...
is a senior reviewer with over twenty years of experience. She covers smart home, IoT, and connected tech, and has written previously for Wirecutter, Wired, Dwell, BBC, and US News. Posts from this author will be added to your daily email digest and your homepage feed. All the smart home news, reviews, and gadgets you need to know about Welcome! I’m The Verge’s smart home reviewer, and I’m hosting...
is a senior reviewer with over twenty years of experience. She covers smart home, IoT, and connected tech, and has written previously for Wirecutter, Wired, Dwell, BBC, and US News. Posts from this author will be added to your daily email digest and your homepage feed. All the smart home news, reviews, and gadgets you need to know about Welcome! I’m The Verge’s smart home reviewer, and I’m hosting an exclusive subscriber AMA today at 10 AM PT / 1 PM ET. I test a lot of connected gadgets for my job, but the dominant device in my home — by both number and square footage covered — is the robot vacuum. At any given time, I have a dozen of these bots bouncing around, sweeping and mopping my floors and irritating my cats. From vacuums with arms and ones that can climb stairs to basic bump-and-roll bots, there’s a dizzying array of robovacs on the market. I’m here to help you cut through the marketing hype (no, suction power isn’t the most important spec; yes, robot mops are better now, but they’re still not great) and pick a robot that will clean your floors without driving you crazy. So, if you have questions, concerns, or just big thoughts, post them in the comment section here. I’ll start replying at 1 PM ET today and will hang around until 2 PM. Come join me to talk about the robot revolution. It starts small.
Hong Kong is expected to remain among the top three initial public offering (IPO) markets worldwide this year, even though it will soon be dethroned by the US Nasdaq, which will host SpaceX’s jumbo flotation. Hong Kong Exchanges and Clearing’s (HKEX) main board is poised to lose its crown as the world’s largest market for IPOs when billionaire Elon Musk’s commercial aerospace unit is listed on the...
Hong Kong is expected to remain among the top three initial public offering (IPO) markets worldwide this year, even though it will soon be dethroned by the US Nasdaq, which will host SpaceX’s jumbo flotation. Hong Kong Exchanges and Clearing’s (HKEX) main board is poised to lose its crown as the world’s largest market for IPOs when billionaire Elon Musk’s commercial aerospace unit is listed on the Nasdaq stock exchange, according to the prospectus filed by SpaceX in New York on Wednesday. The filing did not include information about either the timeline or its size, but US media reports said it was expected to list in June and raise up to US$75 billion, which would make it the world’s largest-ever IPO and exceed the US$29.4 billion raised by Saudi Aramco in 2019. The sum would also double the total funds raised from new listings in Hong Kong last year, at US$37.43 billion. Advertisement However, leading investment banks, including UBS and JPMorgan, remain upbeat about the overall outlook for the Hong Kong IPO market. Hong Kong’s main board could remain in the top three this year, even accounting for the challenges posed by the US exchanges, according to John Lee Chen-kwok, vice-chairman and co-head of Asia coverage at UBS in Hong Kong. Advertisement “Hong Kong’s IPO market remains active as there are still a lot of international investors interested in investing in mainland technology and other listing candidates due to the strong outlook of the Chinese economy,” Lee said, noting that a large number of companies have listings in the city that were pending. There were about 500 listing candidates waiting to raise funds in the city, compared with about 300 at the end of last year, according to data from HKEX.
Tucked inside SpaceX’s pre-IPO S-1 filing are two project names most investors have never heard. Macrohard is an agentic AI software platform, and Terafab is a vertically integrated chip fabrication initiative. Tesla is the partner on both. SpaceX disclosed that financial terms, intellectual property rights, and the ultimate term of the collaboration are not yet ... Macrohard and Terafab: The Tesl...
Tucked inside SpaceX’s pre-IPO S-1 filing are two project names most investors have never heard. Macrohard is an agentic AI software platform, and Terafab is a vertically integrated chip fabrication initiative. Tesla is the partner on both. SpaceX disclosed that financial terms, intellectual property rights, and the ultimate term of the collaboration are not yet ... Macrohard and Terafab: The Tesla and SpaceX Joint Ventures Wall Street Hasn’t Priced In
The fight for the future of Los Angeles, America’s second-largest city, usually plays out in the grand art deco offices and committee rooms of city hall. But in an election year full of surprises, the most consequential battle may in fact have begun on a beach. And not just any beach: we’re talking about the fantasy sandbox inhabited by buff gym rats and sun-kissed bikini babes on Baywatch and its...
The fight for the future of Los Angeles, America’s second-largest city, usually plays out in the grand art deco offices and committee rooms of city hall. But in an election year full of surprises, the most consequential battle may in fact have begun on a beach. And not just any beach: we’re talking about the fantasy sandbox inhabited by buff gym rats and sun-kissed bikini babes on Baywatch and its multiple spin-offs. In February, Los Angeles welcomed the latest incarnation of the hit TV show back to southern California after a long hiatus, including detours to Hawaii and Georgia. City officials heralded its return as a sign of better times for local film and television production following years of decline and tens of thousands of job losses in the heart of Hollywood. But trouble soon beckoned. The producers, who had built a new lifeguard station on Venice Beach in preparation for what they anticipated to be a multi-season reboot, learned they were not allowed to use the camera drones they were counting on, or to shoot at night. They had a $21m tax credit from the state and what they thought was the full blessing of the local authorities. But a handful of regulatory agencies, notably the county beaches and harbors department, had other ideas, and within four days shooting ground to a halt under a barrage of unexpected restrictions involving everything from the sand they could shoot on to the parking arrangements. “Suddenly, everything was ‘no’,” one member of the production wrote in a widely read anonymous Instagram post that quickly morphed into a political flashpoint. “Los Angeles is not film friendly.” Such a verdict appeared potentially devastating to a city that has struggled mightily for years to stop productions fleeing to cheaper locations – Atlanta, Toronto, London, Budapest – and has seen businesses around the industry from catering to costume rental flounder and fail. In an election year, the prospect of losing Baywatch so soon after luring it back brough...
Audi provided flights from Washington, DC, to Munich, Germany, and accommodation so Ars could test out its headlights, as well as some other things you can read about in the coming weeks. Ars does not accept paid editorial content. MUNICH—Headlight technology in the US is about to get smarter. When Audi's Q9 SUV goes on sale here later this year, it will feature the automaker's latest adaptive bea...
Audi provided flights from Washington, DC, to Munich, Germany, and accommodation so Ars could test out its headlights, as well as some other things you can read about in the coming weeks. Ars does not accept paid editorial content. MUNICH—Headlight technology in the US is about to get smarter. When Audi's Q9 SUV goes on sale here later this year, it will feature the automaker's latest adaptive beam headlights, which manage the nifty trick of providing better, brighter illumination while minimizing glare for both the driver and other road users. Such technology is old hat to our European readers, but it's finally debuting on our roads after years of lobbying and intensive, lengthy testing to satisfy the new federal regulations. And after trying out the headlights during a recent trip to Europe, I can say, "It's about time." Despite America's reputation as an innovation powerhouse, we have lagged behind Europe and Japan in automotive lighting technology for decades, thanks to 1960s-era regulations that allowed only low- and high-beam headlights, nothing else. For years, OEMs like Audi, BMW, Mercedes-Benz, Toyota, and Volvo lobbied the National Highway Traffic Safety Administration to allow them to bring more modern technology to these shores to no avail. At first, it was laser high beams , which could project their beams much farther down the road than conventional halogen or xenon lights. Lasers are cool, but adaptive driving beam technology is even cooler. Each headlight is actually a multipixel LED, and by turning some of those pixels off, the headlight beam can be shaped to mask the light to selectively dim oncoming vehicles instead of switching to low beams. Read full article Comments
In a significant leap for green-energy tracking, researchers from Peking University and Alibaba Group’s Damo Academy have used AI to map hundreds of thousands of solar and wind installations across China. The initiative resulted in a first-of-its-kind national inventory designed to help coordinate the country’s ambitious green transition. By leveraging a self-developed AI model from Damo, the rese...
In a significant leap for green-energy tracking, researchers from Peking University and Alibaba Group’s Damo Academy have used AI to map hundreds of thousands of solar and wind installations across China. The initiative resulted in a first-of-its-kind national inventory designed to help coordinate the country’s ambitious green transition. By leveraging a self-developed AI model from Damo, the research team processed a massive 7.56 terabytes of satellite imagery. The algorithm identified 319,972 solar photovoltaic facilities and 91,609 wind turbines across China as of 2022, according to newly released findings published in the journal Nature on Wednesday. Advertisement “This is the first time we’ve had such a large-scale, high-resolution national inventory of wind and solar facilities,” Liu Yu, a professor at the School of Earth and Space Sciences at Peking University, said in a statement released by Alibaba on Thursday. “This allows us to see the country’s new-energy landscape from a ‘God’s-eye view’, laying a solid foundation for a series of research such as power-grid optimisation and environmental evaluation,” Liu said. AI statistics show the distribution of photovoltaic facilities (left) and wind turbines (right) across China. Photo: Handout
Unity Software Inc. (U) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this company have returned -21.4% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Internet - Software industry, to which Unity Software belongs, has lost 1% ove...
Unity Software Inc. (U) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this company have returned -21.4% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Internet - Software industry, to which Unity Software belongs, has lost 1% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Revisions to Earnings Estimates Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Unity Software is expected to post a loss of $0.44 per share for the current quarter, representing a year-over-year change of -728.6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The consensus earnings estimate of -$1.81 for the current fiscal year indicates a year-over-year change of -541.5%. This estimate has remained unchanged over the last 30 days. For the next fiscal year, the consensus earnings estimate of -$1.15 indica...
Marvell Technology (MRVL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this chipmaker have returned +14.9% over the past month versus the Zacks S&P 500 composite's +1% change. The Zacks Technology Services industry, to which Marvell belongs, has lost 0.8% over t...
Marvell Technology (MRVL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this chipmaker have returned +14.9% over the past month versus the Zacks S&P 500 composite's +1% change. The Zacks Technology Services industry, to which Marvell belongs, has lost 0.8% over this period. Now the key question is: Where could the stock be headed in the near term? While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Earnings Estimate Revisions Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Marvell is expected to post earnings of $0.40 per share for the current quarter, representing a year-over-year change of -2.4%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The consensus earnings estimate of $1.46 for the current fiscal year indicates a year-over-year change of -3.3%. This estimate has remained unchanged over the last 30 days. For the next fiscal year, the consensus earnings estimate of $2.49 indicates a change o...
View of the trading floor of New York Stock Exchange by Lev Radin via Shutterstock AI chip stocks have been on a tear. Nvidia Corporation (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO) have all ridden the artificial intelligence wave to staggering valuations. But this month, a new name burst onto the scene and stole the spotlight. Cerebras Systems (CBRS), the company behind the world’s ...
View of the trading floor of New York Stock Exchange by Lev Radin via Shutterstock AI chip stocks have been on a tear. Nvidia Corporation (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO) have all ridden the artificial intelligence wave to staggering valuations. But this month, a new name burst onto the scene and stole the spotlight. Cerebras Systems (CBRS), the company behind the world’s largest computer chip, went public on May 14 in the biggest IPO of 2026. The news came on after S&P Dow Jones Indices said it would fast-track the stock into eligible indices. CBRS shares opened well above the offer price as investors rushed to get in on the action. With an S&P Index inclusion now set for May 25, Cerebras is suddenly moving from a hot IPO to a must-watch AI stock. Here’s what that could mean for investors. Cerebras Redefines AI Chips With Massive Wafer-Scale Architecture Cerebras builds a chip the size of a dinner plate. It packs four trillion transistors and 900,000 AI cores onto a single wafer. The company says its chip runs AI workloads 15 times faster than the competition. That kind of speed has won over OpenAI and Amazon (AMZN) as customers. Cerebras isn’t just another Nvidia wannabe. It’s betting on a fundamentally different architecture to win the AI inference race. Cerebras priced its IPO at $185 a share. It opened at $350 and hit an intraday high of $386.34. The stock closed its first day at $311.07, giving the company a market cap of roughly $69 billion. Since then, shares have pulled back to around $300 before bouncing on the index news. Cerebras trades at roughly 130 times trailing sales of $510 million. The semiconductor sector median price-to-sales ratio sits around 4. That’s a staggering premium. But bulls point to the $24.6 billion backlog, which includes a $200 billion compute deal with OpenAI. On a forward basis, revenue is expected to roughly double in 2026. Investors are not paying for what Cerebras earned last year. They are paying for ...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . The scale of the challenge faced by Europe as it grapples with the fallout from the Iran war was laid bare today as the European Commission slashed growth forecasts and warned that inflation would be a full percentage point higher tha...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . The scale of the challenge faced by Europe as it grapples with the fallout from the Iran war was laid bare today as the European Commission slashed growth forecasts and warned that inflation would be a full percentage point higher than predicted in November. Euro-area GDP growth will slow to 0.9% this year, compared to 1.4% in 2025, according to the bloc’s spring economic forecasts. Inflation across the EU will hit 3.1% this year. Commissioner Valdis Dombrovskis told Bloomberg that the forecasts confirmed that the European economy is facing a “stagflationary shock,” noting that the scenario is based on futures markets for oil and gas. If energy prices stay higher for longer, however, growth prospects for the EU will be roughly halved both this year and next, he said. Even in those more negative scenarios, countries should stick with temporary and targeted responses, Dombrovskis said. His comments reflect concerns in Brussels that countries like France and Italy could breach fiscal rules as they seek to shore up their economies. French Prime Minister Sébastien Lecornu is due to announce measures to help those worst hit by the energy crisis later today, while Italy’s Giorgia Meloni has called for greater flexibility from Brussels when it comes to energy-related budget spending. Separately, the EU’s top economy official also revealed that Britain blindsided allies by its decision to loosen Russian oil sanctions, not informing G7 colleagues of the move at the meeting of finance ministers in Paris earlier this week. “Now is not the time to roll back sanctions against Russia,” Dombrovskis told a press conference this morning. Instead, it’s important to sustain “and if anything strengthen sanctions against Russia” in the current situation, he said. Despite the admonition, the EU is considering temporarily lift...
Joe Hendrickson/iStock Editorial via Getty Images The industry environment hasn’t developed well for CarMax, Inc. ( KMX ) in recent quarters. Used car prices continue to decline, and car purchases remain sluggish, causing pressure on both sales volume and margins. A recovery hasn’t materialized yet, and the short-term outlook remains concerning. There's still clear potential in the investment over...
Joe Hendrickson/iStock Editorial via Getty Images The industry environment hasn’t developed well for CarMax, Inc. ( KMX ) in recent quarters. Used car prices continue to decline, and car purchases remain sluggish, causing pressure on both sales volume and margins. A recovery hasn’t materialized yet, and the short-term outlook remains concerning. There's still clear potential in the investment over a longer horizon. Industry conditions should normalize at some point, and following a CEO change and Starboard Value’s activist pressure, CarMax is going through very reasonable strategic changes. A low valuation creates high, albeit risky, upside potential. I maintained a Hold rating in my previous December 2024 article on the stock, titled “ CarMax: Q3, Earnings Momentum Is Starting To Return ”. The stock has since lost -55% of its value, meanwhile the S&P 500 has returned 25%. My Rating History on KMX (Seeking Alpha) The Industry Environment Remains Weak, Weakening CarMax’s Earnings CarMax's financial performance has been volatile in the past couple of years. The positive earnings trend that had started in FY2025 didn’t stick around, and CarMax’s earnings have once again turned to a significant decline during the past three reported quarters. Author's Illustration Using TIKR Data The latest fiscal Q4 report again showed major weakness in key operating metrics. Comparable store used unit sales declined by -1.9%, and the average price per sold used unit declined by -0.4%. Average gross profit per sold retail unit declined by $207 to $2115, reflecting a sharp -9.6% decrease in the potentially most important operational metric . The wholesale segment showed a 3.0% volume improvement, but a similarly weak gross profit performance. A weak operating performance clearly shows up in earnings – despite great SG&A control, CarMax’s adjusted EPS nearly halved to $0.34 from $0.64 a year ago. CarMax has decided to drive unit sales stabilization by competing with price, helping stabil...
Highlights (in million USD, except LPS) Q1 2026 Q1 2025 Net Revenues $7.9 $7.8 Net Loss ($0.1) ($4.5) Adjusted Net Income / (Loss)1 $0.2 ($4.4) EBITDA1 $2.9 $0.7 Adjusted EBITDA1 $3.2 $0.9 Net loss per share Basic and Diluted ($0.01) ($0.52) Adjusted earnings / (loss) per share Basic1 and Diluted1 $0.02 ($0.50) Other Highlights and Developments: $62.2 million Expansion in Capesizes Enhances Earnin...
Highlights (in million USD, except LPS) Q1 2026 Q1 2025 Net Revenues $7.9 $7.8 Net Loss ($0.1) ($4.5) Adjusted Net Income / (Loss)1 $0.2 ($4.4) EBITDA1 $2.9 $0.7 Adjusted EBITDA1 $3.2 $0.9 Net loss per share Basic and Diluted ($0.01) ($0.52) Adjusted earnings / (loss) per share Basic1 and Diluted1 $0.02 ($0.50) Other Highlights and Developments: $62.2 million Expansion in Capesizes Enhances Earnings Visibility and Free Cash Flow Took delivery of the 2010-built Capesize M/V Dukeship, employed at a fixed rate of approximately $29,300 through year-end 2026. Acquired the 2010-built, scrubber-fitted Capesize M/V Squireship, with expected delivery in June 2026, meaningfully strengthening fleet earnings capacity. $21.0 Million Released through Portfolio Optimization and Capital Recycling Sold the 2009-built Kamsarmax M/V Cretansea for $14.7 million, generating approximately $5.9 million in net cash proceeds after debt repayment. Exited Offshore Energy Construction Vessel investment for approximately €13.0 million, realizing a profit of approximately €1.7 million. Declared 14th consecutive quarterly cash dividend of $0.10 per share, reaching $1.94 per share in cumulative distributions since November 2022 ____________________ 1 Adjusted earnings / (loss) per share, Adjusted net income / (loss), EBITDA and Adjusted EBITDA are non-GAAP measures. Please see the reconciliation below of Adjusted earnings / (loss) per share, Adjusted Net income / (loss), EBITDA and Adjusted EBITDA to net loss, the most directly comparable U.S. GAAP measure. GLYFADA, Greece, May 21, 2026 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the first quarter ended March 31, 2026. The Company also declared a quarterly dividend of $0.10 per common share for the first quarter of 2026. For the quarter ended March 31, 2026, the Company generated Net Revenues of $7.9 million, broadly in line with the same period of 2025. Net ...
ATHENS, Greece, May 21, 2026 (GLOBE NEWSWIRE) -- Euroholdings Ltd (NASDAQ: EHLD, the “Company” or “Euroholdings”), an owner and operator of container carriers and tanker vessels and provider of container and tanker seaborne transportation services, announced today its results for the quarter ended March 31, 2026. First Quarter 2026 Financial Highlights: Total net revenues of $7.6 million. Net inco...
ATHENS, Greece, May 21, 2026 (GLOBE NEWSWIRE) -- Euroholdings Ltd (NASDAQ: EHLD, the “Company” or “Euroholdings”), an owner and operator of container carriers and tanker vessels and provider of container and tanker seaborne transportation services, announced today its results for the quarter ended March 31, 2026. First Quarter 2026 Financial Highlights: Total net revenues of $7.6 million. Net income of $2.4 million; or $0.84 earnings per share basic and diluted. Adjusted net income for the period remained unchanged to $2.4 million or $0.84 per share basic and diluted. Adjusted EBITDA 1 was $3.1 million. was $3.1 million. An average of 3.0 vessels were owned and operated during the first quarter of 2026 earning an average time charter equivalent rate of $28,388 per day. Declared a quarterly dividend of $0.14 per share for the first quarter of 2026, payable on or about June 16, 2026, to shareholders of record on June 9, 2026. ___________________ 1Adjusted EBITDA, Adjusted net income and Adjusted income per share are not recognized measurements under US GAAP (GAAP) and should not be used in isolation or as a substitute for Euroholdings financial results presented in accordance with GAAP. Refer to a subsequent section of the Press Release for the definitions and reconciliation of these measurements to the most directly comparable financial measures calculated and presented in accordance with GAAP. Recent Developments: The Company agreed to acquire a medium-range (MR) product tanker vessel with capacity of 49,997 dwt, built in 2015 in South Korea, from a related party of Marla Investments Inc., our majority shareholder, not under common control. The vessel will be purchased for a price of $39.25 million, with delivery expected between mid-June and mid-August of 2026. The transaction was approved by an independent committee consisting of disinterested directors. The Company will use own funds and debt to finance the acquisition of the vessel. Aristides Pittas, Chairman, P...
FBI Charges Assistant US Attorney For Stealing Smith Report Docs In Trump 'Witch Hunt' Case Authored by Jonathan Turley, Former Justice Department prosecutor Carmen Mercedes Lineberger has been indicted for allegedly removing confidential Justice Department material and then concealing her efforts. Lineberger is accused of secretly transferring Jack Smith’s final report and hiding the material und...
FBI Charges Assistant US Attorney For Stealing Smith Report Docs In Trump 'Witch Hunt' Case Authored by Jonathan Turley, Former Justice Department prosecutor Carmen Mercedes Lineberger has been indicted for allegedly removing confidential Justice Department material and then concealing her efforts. Lineberger is accused of secretly transferring Jack Smith’s final report and hiding the material under files labeled “chocolate cake recipe” and “bundt cake recipe.” There has not been a greater recipe for disaster since aides tried to fit all of Biden’s candles on a cake. The case is particularly interesting because there was another person who was accused of a secret removal of Justice Department material who was not prosecuted: former FBI Director James Comey. Linebarger, 62, of Port St. Lucie, Florida, has been indicted on four criminal charges: one felony count of obstruction of justice, one felony count of concealing government records and two misdemeanor counts of theft of government property valued at less than $1,000. According to the indictment , Lineberger altered electronic file names of government records to conceal unauthorized transmissions of the documents to her personal email accounts and used file names for cake recipes to conceal her possession of the confidential information. U.S. District Judge Aileen Cannon blocked the public release of the report after the prosecution collapsed against the President. The Justice Department alleges that Lineberger received a copy of Smith’s report before the court sealed it. Months later, she allegedly decided to transfer it to her personal email account in violation of the court order and Justice Department rules. She has now pleaded not guilty and faces up to 20 years on the obstruction charge and other charges. The decision is notable for a couple of reasons. First, Smith made one last move in dismissing the case against Trump that left the door open to resuming his prosecution. Smith moved to dismiss the indictm...
Kore.ai on Wednesday launched what amounts to a ground-up reinvention of its core technology: the Artemis edition of its Agent Platform , a system designed to let enterprises build, govern, and optimize AI agents using AI itself — compressing what has traditionally been months of engineering work into days. The platform arrives at a moment when every major technology vendor — from Microsoft and Sa...
Kore.ai on Wednesday launched what amounts to a ground-up reinvention of its core technology: the Artemis edition of its Agent Platform , a system designed to let enterprises build, govern, and optimize AI agents using AI itself — compressing what has traditionally been months of engineering work into days. The platform arrives at a moment when every major technology vendor — from Microsoft and Salesforce to Google and ServiceNow — is racing to become the default infrastructure for enterprise AI agents. Kore.ai's answer to that crowded field is a bet on neutrality, a proprietary intermediary language for defining agents, and a philosophy that AI, not human developers, should do most of the heavy lifting. "We're trying to change the paradigm about how people design, build, deploy and optimize agentic AI applications," Raj Koneru, the company's founder and CEO, told VentureBeat in an exclusive interview ahead of the launch. "The whole theme that we are now coming out with is you do AI with AI — you design with AI, you build with AI, you test with AI, you deploy with AI, manage with AI, and optimize with AI." A new YAML-based language aims to standardize how enterprises define and govern AI agents At the technical core of the Artemis platform sits Agent Blueprint Language (ABL), a compiled, declarative language built on YAML that standardizes how AI agents, workflows, and multi-agent systems are defined, validated, and governed. Kore.ai describes it as an intermediary layer that sits between the natural-language instructions a business user might provide and the production infrastructure where agents actually run. ABL comes with its own parser, compiler, and runtime. It supports six built-in orchestration patterns — supervisor, delegation, handoff, fan-out, escalation, and agent-to-agent federation — that govern how multiple agents coordinate on complex tasks. Koneru framed ABL as addressing a fundamental gap in the current AI landscape. "There's a lot of value in gene...
Resolve AI , the production-operations startup backed by Greylock and Lightspeed Venture Partners , today announced a sweeping expansion of its platform that introduces always-on background agents, a redesigned investigation architecture, and a shared workspace where engineers and AI agents collaborate in real time on live incidents. The centerpiece of the release is a new multi-agent investigatio...
Resolve AI , the production-operations startup backed by Greylock and Lightspeed Venture Partners , today announced a sweeping expansion of its platform that introduces always-on background agents, a redesigned investigation architecture, and a shared workspace where engineers and AI agents collaborate in real time on live incidents. The centerpiece of the release is a new multi-agent investigation system developed by Resolve AI's in-house research lab. Instead of deploying a single AI agent to diagnose a production failure — analogous to a lone engineer pulling an on-call shift — the platform now dispatches a coordinated team of specialized agents that pursue multiple hypotheses in parallel, independently verify each other's conclusions, and construct complete causal chains from root cause to symptom. The company says the architecture delivers more than a twofold improvement in root cause accuracy on its internal evaluation benchmarks compared to earlier versions of its platform. "Think of a single agent being on call, the way a human would be," Resolve AI CEO and co-founder Spiros Xanthos told VentureBeat in an exclusive interview ahead of the announcement. "We now have a team of agents that all work together, almost like a team of humans debugging an issue, and that has improved quality by 2x." The announcement arrives at a moment of acute tension in the software industry. AI-powered code generation has exploded in adoption, enabling engineering teams to ship dramatically more software than they could two years ago. But keeping that software running in production — debugging it when it breaks, monitoring it after deployment, auditing its health — remains overwhelmingly manual. For a company that raised a $125 million Series A at a $1 billion valuation earlier this year, Resolve AI is making a direct bet that the operational side of the software lifecycle is the next major frontier for AI investment. What hundreds of real-world test cases reveal about the accuracy...
Giga Energy Logo Houston, TX, May 21, 2026 (GLOBE NEWSWIRE) -- Giga Energy today announced that Angad Sandhu has joined the company as Chief Technology Officer. Sandhu brings experience from both Tesla and Google, where he helped lead large-scale manufacturing and data center infrastructure projects during a period of rapid growth in AI and cloud computing. Giga Energy Announces Angad Sandhu as Ch...
Giga Energy Logo Houston, TX, May 21, 2026 (GLOBE NEWSWIRE) -- Giga Energy today announced that Angad Sandhu has joined the company as Chief Technology Officer. Sandhu brings experience from both Tesla and Google, where he helped lead large-scale manufacturing and data center infrastructure projects during a period of rapid growth in AI and cloud computing. Giga Energy Announces Angad Sandhu as Chief Technology Officer Angad Sandhu, Chief Technology Officer at Giga Energy “We could not be more excited to have Angad on our team,” said Matt Lohstroh, CEO of Giga Energy. “Not just his experience, but his vision. He sees the future of AI infrastructure and development, he knows what we need to do to build it, and he sees Giga as the best place to make that happen.” Before joining Giga Energy, Sandhu served as Director of Data Center Infrastructure at Google, where he worked on the expansion of AI and cloud infrastructure. Before Google, he spent five years at Tesla helping scale its Gigafactory engineering and manufacturing operations. Sandhu said he joined Giga because the company is approaching AI data center development differently from the rest of the market. Most data center and energy projects rely on long supply chains, disconnected contractors, and years-long construction timelines. Giga vertically integrates both manufacturing and development under one model, allowing projects to move faster and with fewer bottlenecks. “I have experienced every frustration throughout the data center supply chain, and Giga Energy was the only company that started with manufacturing to solve the time-to-energization bottleneck,” said Sandhu. “There is nowhere else I’d rather be.” At Giga Energy, Sandhu will help lead the company’s next phase of growth as it expands its AI infrastructure and data center capabilities. His focus will include scaling factory-built infrastructure systems designed to bring new power and compute capacity online faster than traditional construction metho...
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Yesterday, I built my first Android app. Then, I made two more — three in one afternoon. For one, I literally typed 148 words into my web browser and walke...
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Yesterday, I built my first Android app. Then, I made two more — three in one afternoon. For one, I literally typed 148 words into my web browser and walked away. Ten minutes later, I had an entire new app on my actual Android phone. I did have to prep that phone by enabling a USB debugging mode and plugging it into my PC, but as advertised, Google’s AI Studio did literally everything else for me. Then, I tried actually using my three apps: a calorie counter and two games. They were kind of bad. And just when I started to enjoy iterating on them, trying to make them better, AI Studio informed me I’d reached my daily limit. I’d have to pay or wait for more. So yes, there’s still friction, but it’s impressive how much you can do. In one morning, my colleague Stevie Bonifield made a personal workout tracker they found good enough to actually use. Confronted with Gemini’s upsell, my first reaction was: “What if I try paying for a couple months?” I didn’t expect that from Google. How Google’s AI Studio builds an Android app On Tuesday, when Google showed off AI coding on a Doom-like game, we joked that I should make MOOD. It would be a Doom-like text adventure game: Modern Online Oratory Dungeon. That was all Google needed to start. When I typed “Make me a Doom-like text adventure game called MOOD, where MOOD stands for Modern Online Oratory Dungeon” into AI Studio, Gemini began typing additional ideas itself, attempting to autocomplete my thought. To start, it typed the phrase “It should feature procedural generation of levels and challenging, turn based combat.” Gemini attempts to autocomplete my app idea. Image: Google I didn’t want randomized levels that all feel different — I wanted a classic text adventure where you’re explo...
Sankar says AI is helping people in different ways Palantir Technologies Chief Technology Officer (CTO) Shyam Sankar has publicly challenged the narrative around artificial intelligence (AI) and its widespread impact employment, specially layoffs. Speaking about the future of automation, Sankar argued that the tech industry and the public are looking to the wrong sources to understand how AI will ...
Sankar says AI is helping people in different ways Palantir Technologies Chief Technology Officer (CTO) Shyam Sankar has publicly challenged the narrative around artificial intelligence (AI) and its widespread impact employment, specially layoffs. Speaking about the future of automation, Sankar argued that the tech industry and the public are looking to the wrong sources to understand how AI will impact the global workforce.In an interview with Fox News, Sankar said that instead of focusing entirely on Silicon Valley executives, he stated that the real answers lie with frontline, blue-collar and healthcare workers.“We’re listening too much to the inventors of AI,” Sankar said during the discussion, adding, “I know that’s appealing. They’re geniuses.”However, the Palatir CTO stressed that the creators of large language models (LLMs) are often disconnected from how the software operates in real-world environments. He gave an example, pointing out that while tech executives frequently predict mass job losses, actual data from the field suggests a different trend toward workplace efficiency.In manufacturing, Sankar highlighted that instead of replacing factory personnel, automated tools are allowing managers to expand production lines.In Healthcare, he said that defensive AI software is being deployed to handle time-consuming administrative paperwork, allowing medical staff to focus on critical care.“We need to be listening to the frontline factory workers using AI saying, ‘Wow, I was able to add a third shift. I was able to hire more workers.’ Or the ICU nurse who says, ‘I was able to spend more time with my patients and ensure they don’t code during a shift change now,’” he said.Sankar’s remarks arrive at a time when major technology firms like Facebook-parent Meta and OpenAI continue to execute heavy corporate restructuring to balance massive investments in AI infrastructure. Meanwhile, companies like Anthropic and its CEO has openyl declared that AI will eat up many...
The International Monetary Fund lowered its growth forecast for France ’s economy this year as the shock of the Iran war hits activity and uncertainty builds ahead of next year’s presidential elections. The IMF expects gross domestic product to expand 0.7% in 2026, less than the 0.9% it predicted only last month. It said near-term risks to that outlook are tilted to the downside. “New headwinds fr...
The International Monetary Fund lowered its growth forecast for France ’s economy this year as the shock of the Iran war hits activity and uncertainty builds ahead of next year’s presidential elections. The IMF expects gross domestic product to expand 0.7% in 2026, less than the 0.9% it predicted only last month. It said near-term risks to that outlook are tilted to the downside. “New headwinds from the war in the Middle East are starting to weigh on activity,” the institution said in the concluding statement of its Article IV report on France. “Business investment and household consumption are set to moderate in response to the shock, amid a persistent wait-and-see attitude ahead of the 2027 elections.” The IMF also cautioned on risks around France’s efforts to reduce its budget deficit, which have run into difficulty in recent years as successive governments have struggled to get belt-tightening measures through a divided parliament. That instability has triggered bond market selloffs, driving up France’s financing costs relative to peers. The IMF said the upcoming elections could provide an opportunity for France to set out a credible strategy to repair its finances, but cautioned that the heightened political uncertainty could delay efforts in the short term. Fiscal risks could also revive market pressures, according to the institution. “Despite recent progress, fiscal consolidation remains slower than planned and still subject to significant implementation risks,” the IMF said. French Resilience to War Fallout Wilts in Blow to Budget Efforts France’s Moulin Says Deficit Situation Serious, Not Catastrophic France’s Lescure Sees Economy Bouncing Back in Second Quarter
Clinically Proven Hair Growth Brand Brings Science-Backed Results to Mass and Specialty Retail MIAMI, May 21, 2026 /PRNewswire/ -- F.A.S.T. Haircare, the first clinically proven hair growth brand shown to accelerate hair growth up to 99% in a 12-week study*, builds upon its national retail footprint in JCPenney, CVS, and Amazon, with an upcoming rollout to Sally Beauty in June 2026, followed by H-...
Clinically Proven Hair Growth Brand Brings Science-Backed Results to Mass and Specialty Retail MIAMI, May 21, 2026 /PRNewswire/ -- F.A.S.T. Haircare, the first clinically proven hair growth brand shown to accelerate hair growth up to 99% in a 12-week study*, builds upon its national retail footprint in JCPenney, CVS, and Amazon, with an upcoming rollout to Sally Beauty in June 2026, followed by H-E-B in August 2026. f.a.s.t. Fortified Amino Scalp Therapy The expansion will grow the brand's U.S. retail footprint by more than 332% in 2026, bringing F.A.S.T. Haircare into more than 3,000 retail doors nationwide across salon, specialty beauty, mass retail, regional, and e-commerce channels, significantly increasing accessibility for consumers seeking clinically tested hair growth solutions. Following an acquisition and brand relaunch led by beauty industry veterans Jeff and Carolyn Aronson, the globally distributed brand, already sold in more than 40 countries, is rapidly scaling its U.S. presence, reinforcing its evolution from niche hair growth treatment to mainstream haircare brand. The brand's upcoming launches in all 2,300 Sally Beauty U.S. doors and 85 H-E-B locations further accelerate its transition from niche growth to a nationally accessible haircare brand. As consumers increasingly approach haircare through a scalp-health and treatment-focused lens, demand for science-backed hair growth solutions continues to rise. "How to grow hair faster" is now the #1 most-searched phrase in haircare, generating approximately 1.3 million monthly U.S. searches, and signaling growing consumer demand for clinically proven growth solutions. F.A.S.T. Haircare is now available in over 3,000 doors nationwide across key retail partners, reaching both everyday consumers and professional, highly engaged beauty shoppers. The rollout across specialty beauty, mass retail, and e-commerce channels significantly expands accessibility for consumers seeking clinically proven hair growth sol...
In his first letter to shareholders as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) , Greg Abel emphasized that the company's culture and values would remain unchanged. This was music to the ears of investors who feared that once Warren Buffett stepped down, things would change drastically. However, although Abel is following in the footsteps of the Oracle of Omaha, he is still shaking thin...
In his first letter to shareholders as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) , Greg Abel emphasized that the company's culture and values would remain unchanged. This was music to the ears of investors who feared that once Warren Buffett stepped down, things would change drastically. However, although Abel is following in the footsteps of the Oracle of Omaha, he is still shaking things up somewhat. During the first quarter of his tenure as CEO of Berkshire Hathaway, Abel got rid of several stocks from the Buffett era, including one that had been in the conglomerate's portfolio for over a decade. Let's consider two of the stocks Abel dumped and whether investors should do the same. Image source: The Motley Fool. Berkshire Hathaway first bought Visa 's (NYSE: V) shares in 2011. As of the end of the first quarter, the conglomerate has gotten rid of every last one. Visa has been a great stock to own since 2011, a period during which it has crushed the broader market. So, why did Abel and his team decide it was time to call it quits? One popular theory is that Abel is eliminating the positions formerly managed by Todd Combs, who left the company at the end of last year. Visa was one of them, so Visa had to go. Continue reading
Wages fluctuate. Bonuses get cut. Side hustles burn out. Dividend income, by contrast, lands in a brokerage account on a schedule the holder did not negotiate and a boss cannot revoke. For investors building a portfolio that pays them regardless of what the broader market is doing in any given week, regulated utilities remain one ... These 3 Utility Stocks Have Been Paying Dividends for Decades an...
Wages fluctuate. Bonuses get cut. Side hustles burn out. Dividend income, by contrast, lands in a brokerage account on a schedule the holder did not negotiate and a boss cannot revoke. For investors building a portfolio that pays them regardless of what the broader market is doing in any given week, regulated utilities remain one ... These 3 Utility Stocks Have Been Paying Dividends for Decades and AI Data Centers Just Made Them More Valuable
JHVEPhoto Parker-Hannifin ( PH ) agreed to purchase the aerospace and defense unit of Circor from KKR ( KKR ) for more than $2.5 billion An announcement could come as soon as this week, according to a WSJ report on Thursday, which cited people familiar with the matter. KKR ( KKR ) agreed to buy Cicor for ~$1.7 billion , including debt, in 2023. In November, Parker Hannifin ( PH ) agreed to acquire...
JHVEPhoto Parker-Hannifin ( PH ) agreed to purchase the aerospace and defense unit of Circor from KKR ( KKR ) for more than $2.5 billion An announcement could come as soon as this week, according to a WSJ report on Thursday, which cited people familiar with the matter. KKR ( KKR ) agreed to buy Cicor for ~$1.7 billion , including debt, in 2023. In November, Parker Hannifin ( PH ) agreed to acquire Filtration Group on a cash-free, debt-free basis for a cash purchase price of $9.25 billion. More on Parker-Hannifin, KKR & Co. KKR & Co. Inc. (KKR) Q1 2026 Earnings Call Transcript KKR's Durable Growth Story Is Underappreciated KKR & Co. Inc. 2026 Q1 - Results - Earnings Call Presentation Barnes & Noble's CEO isn't afraid of AI-written literature ValueAct takes new stakes in KKR, SPOT, dumps NSIT, among Q1 moves
美国商务部表示，特朗普政府将向9家量子计算公司提供总额20亿美元的拨款，相关协议包含美国政府获取企业股权的条款。 此举旨在加快特朗普政府扶持这一新兴产业的计划。近几个月，量子计算领域已吸引投资者与企业的大量资金涌入。 美国商务部已同意从这笔资金中划拨10亿美元给 IBM 。IBM是量子计算领域的领军企业，其研发的计算机利用量子力学原理，运算速度远超传统超级计算机。量子计算若与人工智能技术结合，有望...