Eastern Institute of Technology, Ningbo, in Zhejiang province. Photo: IC photo Large-scale philanthropy directed at Chinese university foundations soared to record heights last year, surging past 12 billion yuan ($1.76 billion) on the back of massive concentrated gifts and private endowments. Total payments from large gifts — defined as single donations of 10 million yuan or more — hit 12.17 billi...
Eastern Institute of Technology, Ningbo, in Zhejiang province. Photo: IC photo Large-scale philanthropy directed at Chinese university foundations soared to record heights last year, surging past 12 billion yuan ($1.76 billion) on the back of massive concentrated gifts and private endowments. Total payments from large gifts — defined as single donations of 10 million yuan or more — hit 12.17 billion yuan in 2024, according to the 2024 Chinese University Foundations Large Donation Observation Report released by Mingshandao, a corporate social responsibility and philanthropy consultancy. The figure is roughly 2.3 times the 5.25 billion yuan raised in 2023, marking the highest level since systematic tracking began in 2015.
Earnings Call Insights: Emerson Electric Co. (EMR) Q2 2026 Management View "Underlying orders grew 5% in the second quarter" and "End market demand remains strong," with "Software & Systems orders" up "18% year-over-year" and "Ovation" orders up "41%," according to (President, CEO & Director Surendralal Karsanbhai). "Underlying sales growth of 0.5% was below expectation due to a 1-point impact fro...
Earnings Call Insights: Emerson Electric Co. (EMR) Q2 2026 Management View "Underlying orders grew 5% in the second quarter" and "End market demand remains strong," with "Software & Systems orders" up "18% year-over-year" and "Ovation" orders up "41%," according to (President, CEO & Director Surendralal Karsanbhai). "Underlying sales growth of 0.5% was below expectation due to a 1-point impact from the Middle East conflict," while "Adjusted segment EBITDA margin of 27.6%" and "adjusted earnings per share of $1.54" were delivered, and software "annual contract value" ended at "$1.64 billion," said (CEO Karsanbhai). "We are updating our full year guidance to reflect the impact of the conflict in the Middle East" and "now expect sales growth of 4.5% with underlying growth of 3%," while "raising the bottom and midpoint of our adjusted EPS guide, now expecting $6.45 to $6.55 per share," said (CEO Karsanbhai). "As a reminder, our first half financial results are adversely affected by a software contract renewal dynamic" that in Q2 impacted "sales growth by approximately 2 percentage points," "adjusted segment EBITDA margin expansion by 90 basis points" and "earnings per share growth by $0.09," said (Executive VP, Chief Accounting Officer & CFO Michael Baughman). Outlook "We are adjusting our full year guidance for sales to reflect the Middle East conflict and now expect full year underlying sales growth of approximately 3%," and "GAAP sales to increase approximately 4.5%," said (CFO Baughman). "Sales growth is expected to be approximately 5.5% with underlying sales growth of approximately 5%" in Q3, with "adjusted EPS of $1.65 to $1.70," said (CFO Baughman). Versus the prior quarter’s stance that Emerson was "reiterating our guidance of 5.5% sales growth" and "4% underlying sales growth," management now said it "modeled the conflict in the Middle East as a 1-point headwind" to 2026 sales and updated full-year sales growth to "4.5%" and underlying to "3%" (CEO Karsanbhai; ...
Earnings Call Insights: Finance of America (FOA) Q1 2026 Management View "The first quarter of 2026 was an outstanding quarter, with operational momentum in originations driving an acceleration of volumes, excellent profitability in our Portfolio Management segment, and steady improvement in our financial results, liquidity, and capital position" (Chief Executive Officer Graham Fleming). "Finance ...
Earnings Call Insights: Finance of America (FOA) Q1 2026 Management View "The first quarter of 2026 was an outstanding quarter, with operational momentum in originations driving an acceleration of volumes, excellent profitability in our Portfolio Management segment, and steady improvement in our financial results, liquidity, and capital position" (Chief Executive Officer Graham Fleming). "Finance of America generated net income of $35 million and adjusted net income of $26 million, or $1.10 per share" and "we funded $596 million in the quarter" (Chief Executive Officer Fleming). "I'm excited to see us rolling out a new second-lien reverse mortgage line of credit" and "the transaction has been modified to close in 2 distinct phases" with "the first phase... expected to close in May" and "the second phase... will follow as we continue to work with our primary regulator, Ginnie Mae, on the related approval" (Chief Executive Officer Fleming). "Overall originations were up 6% year-over-year" and "first quarter submissions reached a new high of $918 million" (President Kristen Sieffert). "HomeSafe Second... reached a high watermark in the quarter, increasing 32% year-over-year" (President Sieffert). "Helix is our proprietary, industry-first, end-to-end platform" and "Joy operating as the AI layer across that system"; "the deployment of AI is helping us" through improved matching and "improving our top-of-funnel marketing and resulting cost per lead" (President Sieffert). "Portfolio Management... generating $28 million in adjusted net income" and "performance was driven primarily by $1.7 billion of securitization activity"; "results benefited from favorable market conditions, including tight spreads and relatively lower interest rates" (Chief Financial Officer Matthew Engel). Outlook "For 2026, we are maintaining our funded volume outlook of $2.8 billion to $3.1 billion" (Chief Financial Officer Engel). "We're also increasing our guidance for full year adjusted earnings pe...
AMD: Server CPU revenue surpasses Intel for the first time, potential market doubles to $120 billion, but the true GPU boom is still in the second half of the year. Moomoo
AMD: Server CPU revenue surpasses Intel for the first time, potential market doubles to $120 billion, but the true GPU boom is still in the second half of the year. Moomoo
(RTTNews) - Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, as tumbling crude oil prices after US attempts to unblock Strait of Hormuz traffic boosted market sentiments and eased supply concerns. Risk sen
(RTTNews) - Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, as tumbling crude oil prices after US attempts to unblock Strait of Hormuz traffic boosted market sentiments and eased supply concerns. Risk sen