US President Donald Trump extends an invitation to China’s President Xi Jinping to visit the White House on September 24. Trump spoke at a banquet in Beijing on Thursday. (Source: Bloomberg)
US President Donald Trump extends an invitation to China’s President Xi Jinping to visit the White House on September 24. Trump spoke at a banquet in Beijing on Thursday. (Source: Bloomberg)
Emerging-market stocks advanced for the third day this week as technology companies in Taiwan and China joined a hot streak by South Korean peers, buoyed by optimism that talks between the US and China will improve trade ties and boost demand for artificial intelligence-related hardware and services. The benchmark MSCI EM equity index rose 0.7%, extending this month’s gains to more than 7%. Taiwan...
Emerging-market stocks advanced for the third day this week as technology companies in Taiwan and China joined a hot streak by South Korean peers, buoyed by optimism that talks between the US and China will improve trade ties and boost demand for artificial intelligence-related hardware and services. The benchmark MSCI EM equity index rose 0.7%, extending this month’s gains to more than 7%. Taiwan Semiconductor Manufacturing Co. Ltd., Alibaba Group Holding Ltd. and Samsung Electronics Co. Ltd. contributed 105% of the gauge’s gains, meaning it would be trading lower but for those three stocks. Chipmakers have led the rebound in stocks since the beginning of April, as earnings upgrades overshadowed concerns about inflation sparked by the Iran war. Expectations of a thaw in US-China relations during President Donald Trump’s summit with Xi Jinping backed demand for AI-related companies, as the Chinese leader signaled that Beijing may be open to business deals and purchasing commitments. While the information technology index jumped 1.4% on Thursday, other sectors including utilities, energy and industrials fell, marking the gap between Asian tech and the rest of emerging market stocks. “Emerging-market stocks are completely bifurcated into AI and non-AI,” said Kamil Dimmich , a partner at North of South Capital. “As long as US hyperscalers and AI companies continue to grow their capex, this is not likely to change as earnings at their Korean and Taiwanese suppliers eclipse everything else.” Read more: World’s Biggest Stock Rally Ignites Speculative Mania in Korea Emerging-market currencies were largely steady as the dollar traded flat. The Turkish lira retreated for the sixth day after the central bank revised its inflation forecast for the end of 2026 to 24% from 16%, citing the US-Israeli war on Iran and its impact on prices. The Hungarian forint fell for a third day following a central bank move to lower the interest rate on its foreign-currency swaps. The nation’s 1...
Fermi Inc. press release ( FRMI ): Q1 GAAP EPS of -$0.30. $243 million of total cash and restricted cash on hand. $785 million of new equipment finance facilities secured during the quarter, anchored by a $500 million facility from MUFG, one of the world's leading infrastructure lenders. $189 million net loss in the quarter ($0.30 per diluted share) primarily driven by $134 million of non-cash sha...
Fermi Inc. press release ( FRMI ): Q1 GAAP EPS of -$0.30. $243 million of total cash and restricted cash on hand. $785 million of new equipment finance facilities secured during the quarter, anchored by a $500 million facility from MUFG, one of the world's leading infrastructure lenders. $189 million net loss in the quarter ($0.30 per diluted share) primarily driven by $134 million of non-cash share-based compensation and a $25 million extinguishment loss on the Macquarie Term Loan. More on Fermi Inc. After Dropping 80%, Fermi Is Still Not Worth It Fermi: Lack Of Tenant Progress Is Deeply Concerning Fermi Inc. (FRMI) Q4 2025 Earnings Call Transcript Fermi holder gets support of major holder amid fight with ex-CEO (update) Fermi downgraded at UBS as leadership turmoil clouds timeline
TORONTO, May 14, 2026 (GLOBE NEWSWIRE) -- Summit Royalties Ltd. (TSXV: SUM, OTC QX: SUMMF ) (the "Corporation" or "Summit") announces that effective today, its common shares have qualified to trade on the OTCQX® Best Market (“OTCQX”) in the United States under the ticker “SUMMF”. The Company’s common shares will continue to trade on the TSX-V under the symbol “SUM”.
TORONTO, May 14, 2026 (GLOBE NEWSWIRE) -- Summit Royalties Ltd. (TSXV: SUM, OTC QX: SUMMF ) (the "Corporation" or "Summit") announces that effective today, its common shares have qualified to trade on the OTCQX® Best Market (“OTCQX”) in the United States under the ticker “SUMMF”. The Company’s common shares will continue to trade on the TSX-V under the symbol “SUM”.
Preconditioning-free (PC-free) 6-to-9-month clinical data with a single infusion of the lowest dose of rese-cel in the RESET-PV ® study presented today at ASGCT 2026 Annual Meeting along with initial rese-cel translational data using Cellares’ industrialized, automated manufacturing
Preconditioning-free (PC-free) 6-to-9-month clinical data with a single infusion of the lowest dose of rese-cel in the RESET-PV ® study presented today at ASGCT 2026 Annual Meeting along with initial rese-cel translational data using Cellares’ industrialized, automated manufacturing
gustavofrazao/iStock via Getty Images When investing to build a passive income snowball with the end goal of retiring on dividends, there are a lot of important principles to keep in mind and pitfalls to try to avoid. In this article, I'm going to discuss why I think that the $100,000 level is the key first milestone on an investor's journey towards financial independence. I will also detail what ...
gustavofrazao/iStock via Getty Images When investing to build a passive income snowball with the end goal of retiring on dividends, there are a lot of important principles to keep in mind and pitfalls to try to avoid. In this article, I'm going to discuss why I think that the $100,000 level is the key first milestone on an investor's journey towards financial independence. I will also detail what strategy I would adopt both to get to that point and to go from $100,000 to financial freedom with dividends. Why $100K Changes Everything Charlie Munger once called out $100,000 as the initial threshold that investors should work really hard to reach. Of course, inflation has done a number on the purchasing power of $100,000 since that quote was made, but I still think that $100,000 is a very important milestone to hit. Psychologically, it's important because it's when you move from having a nest egg of just five figures to six figures, which means you are one category closer to the seven-figure range that is typically needed to achieve financial freedom in the sense of being able to retire to live on dividends. Moreover, it also typically means that, for the average worker, you have more than a year's salary invested in working on your behalf. That means that you have more than a year of buffer in savings, and that amount is growing year after year. Additionally, it means that if you're earning at least a 10% return on your investments (which is what long-term market average return rates imply), you're earning five figures on your portfolio and likely close to $1,000 a month. Aside from being a psychological benefit, this is also a real financial benefit because once you're putting up between $800 and $1,000 a month of passive income generation from your investments, that can take a large bite out of your living expenses each month and free you up from having to live paycheck to paycheck. The Freedom a Snowball Provides This then gives you more leeway to be able to pursue...
Trump, Xi Put Hormuz, Iran, Trade, Taiwan At Center Of Historic Beijing Summit President Trump and Chinese President Xi Jinping are currently seated at the main table at a state banquet. President Xi called the visit historic, and said U.S.-China ties are "stable" amid talks with Trump's team. President Xi offers a toast at the state banquet dinner in Beijing: "To the bright future of China-U.S. r...
Trump, Xi Put Hormuz, Iran, Trade, Taiwan At Center Of Historic Beijing Summit President Trump and Chinese President Xi Jinping are currently seated at the main table at a state banquet. President Xi called the visit historic, and said U.S.-China ties are "stable" amid talks with Trump's team. President Xi offers a toast at the state banquet dinner in Beijing: "To the bright future of China-U.S. relations, and the friendship between the two peoples, and to the health of President Trump and all of the friends present." pic.twitter.com/VmJeU4Xk1f — Rapid Response 47 (@RapidResponse47) May 14, 2026 According to a White House readout, Trump and Xi agreed that the Strait of Hormuz should remain open to free navigation and that Tehran should not charge a fee to ships using the critical waterway. Key notes from the White House readout (courtesy of Bloomberg): Trump Had A Good Meeting With Xi: White House Official Leaders Discussed Increasing China's purchases of Agriculture Trump, Xi Agreed Hormuz Must Remain Open: White House Official U.S. Says Xi Made Clear China Opposes Militarization of Hormuz Both Sides Agreed Iran Can Never Have A Nuclear Weapon: U.S. U.S. Says Xi Expressed Interest in Purchasing More American Oil From the Bilateral Meeting in Beijing: President Trump had a good meeting with President Xi of China. pic.twitter.com/WaH8hR1ZV3 — The White House (@WhiteHouse) May 14, 2026 Both countries agreed that Iran can never have a nuclear weapon. pic.twitter.com/7hYMIBoTZY — The White House (@WhiteHouse) May 14, 2026 Beijing also signaled interest in buying more U.S. oil to reduce China's reliance on crude and crude products transiting the Hormuz chokepoint. This signifies how the U.S.-Iran conflict is rewiring global energy flows. Trump-Xi talks also covered fentanyl, securing market access for U.S. companies in the mainland market, and increasing Chinese investment in American industries and purchases of U.S. agricultural products. "American enterprises are deepl...
DP World is continuing its expansion plans for ports and infrastructure from Mozambique to Congo. Mohammed Akoojee, DP World’s managing director for sub-Saharan Africa, spoke to Bloomberg's Ondiro Oganga. (Source: Bloomberg)
DP World is continuing its expansion plans for ports and infrastructure from Mozambique to Congo. Mohammed Akoojee, DP World’s managing director for sub-Saharan Africa, spoke to Bloomberg's Ondiro Oganga. (Source: Bloomberg)
Getty Images Thesis SoftBank Group Corp. ( SFTBY )( SFTBF ) reported FY25 results this week. We saw GAAP EPS hit ¥872.47 and revenue come in at about ¥7,038.7 billion, a figure that was up 7.7% since last year. So there’s clearly been steady top-line growth across their portfolio of telecom and investment assets. However, the company didn’t issue any forecasts of consolidated results, with managem...
Getty Images Thesis SoftBank Group Corp. ( SFTBY )( SFTBF ) reported FY25 results this week. We saw GAAP EPS hit ¥872.47 and revenue come in at about ¥7,038.7 billion, a figure that was up 7.7% since last year. So there’s clearly been steady top-line growth across their portfolio of telecom and investment assets. However, the company didn’t issue any forecasts of consolidated results, with management mentioning that consolidated earnings are currently quite difficult to forecast due to volatility in investment valuations and some other macro-driven uncertainties. I would remain buy-rated on SoftBank, especially after this latest earnings, since I feel the market is still underpricing their AI-driven NAV upside, particularly with their 13% stake in OpenAI and its exposure to Arm. In an upside case scenario, continued OpenAI valuation growth plus the monetisation of AI compute demand should help out going forward. FY25 earnings As you know, SoftBank delivered a pretty strong FY25 performance . We saw decent top-line expansion but also a lot of disciplined profitability growth. If we start with revenue , the company managed to reach ¥7,038.7 billion, up about 8% year over year. This figure also set a new record, with growth spread across all their major segments. Operating income managed to hit a hefty ¥1,042.6 billion, which was up about 5%, whilst their net income attributable to owners also increased to ¥550.8 billion, again up about 5%. So there’s clearly a nice combination of steady core telecom performance with some improving contributions from their higher-growth areas like enterprise cloud/financial services. SoftBank Group Corp. What’s important to mention here is that primary free cash flow remained pretty robust at about ¥633.6 billion, which goes to show their ability to convert operating performance into cash, even while at the same time sustaining a lot of investment activity. Capital discipline also stood out for me, with CAPEX averaging somewhere in the...
Cellebrite press release ( CLBT ): Q1 Non-GAAP EPS of $0.12 beats by $0.03 . Revenue of $128.3M (+19.3% Y/Y) beats by $1.27M . Subscription revenue was $117.9 million, up 23% year-over-year Total Annual Recurring Revenue of $493.0 million, up 21% year-over-year The Company's second-quarter and full-year 2026 financial expectations are as follows: Second-Quarter 2026 Expectations Full-Year 2026 Exp...
Cellebrite press release ( CLBT ): Q1 Non-GAAP EPS of $0.12 beats by $0.03 . Revenue of $128.3M (+19.3% Y/Y) beats by $1.27M . Subscription revenue was $117.9 million, up 23% year-over-year Total Annual Recurring Revenue of $493.0 million, up 21% year-over-year The Company's second-quarter and full-year 2026 financial expectations are as follows: Second-Quarter 2026 Expectations Full-Year 2026 Expectations (as of 05/14/26) (as of 05/14/26) ARR $510 million - $513 million $567 million - $573 million Annual Growth 22% - 23% 18% - 19% Revenue $130 million - $133 million $565 million - $571 million Annual Growth 15% - 17% 19% - 20% Adjusted EBITDA $29 million - $31 million $149 million - $155 million Adjusted EBITDA margin 22% - 23% 26% - 27% Click to enlarge Recurring revenue dollar-based net retention rate of 115% More on Cellebrite Cellebrite: A Rare SaaS Play Where AI Is A Tailwind, Not A Threat Cellebrite DI Ltd. (CLBT) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Cellebrite Q1 2026 Earnings Preview Seeking Alpha’s Quant Rating on Cellebrite Historical earnings data for Cellebrite
The US and China need each other, and Presidents Donald Trump and Xi Jinping recognize that maintaining a conversation and a degree of cordiality is important, according to Franklin Templeton CEO Jenny Johnson. She also said markets are underestimating inflation risk and expressed concern about the pace of data center investments. Johnson made the comments in an interview with Bloomberg Television...
The US and China need each other, and Presidents Donald Trump and Xi Jinping recognize that maintaining a conversation and a degree of cordiality is important, according to Franklin Templeton CEO Jenny Johnson. She also said markets are underestimating inflation risk and expressed concern about the pace of data center investments. Johnson made the comments in an interview with Bloomberg Television's Francine Lacqua during The Pulse. (Source: Bloomberg)
Intel's stock has more than tripled in roughly one month. Analysts have been scrambling to catch up. Deutsche Bank just moved its target by the most it has in over a year. And the specific reason it gave for doing so is not what most investors are focused on when they talk about Intel right now. ...
Intel's stock has more than tripled in roughly one month. Analysts have been scrambling to catch up. Deutsche Bank just moved its target by the most it has in over a year. And the specific reason it gave for doing so is not what most investors are focused on when they talk about Intel right now. ...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner reports on the new public prominence of Dina Powell McCormick, Meta’s president and vice chair. Tech Across the Globe SoftBank’s smart investment: The Japanese technology group reported a surge in quarterly profit due to valuation gains on its OpenAI investmen...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner reports on the new public prominence of Dina Powell McCormick, Meta’s president and vice chair. Tech Across the Globe SoftBank’s smart investment: The Japanese technology group reported a surge in quarterly profit due to valuation gains on its OpenAI investment. Masayoshi Son’s other bets didn’t pay off as well . Microsoft’s big spending: While Microsoft, like SoftBank, has gained from its investment in OpenAI, it will have spent more than $100 billion on the partnership by the end of June. Here’s where the money went . Tencent stumbles: China’s most valuable company reported its slowest revenue growth in six quarters. Core businesses like games and advertising are showing signs of age . Revalued Defense tech company Anduril is being valued at $61 billion in a $5 billion financing round led by Thrive Capital and Andreessen Horowitz. Anduril will use the fresh funding to invest “aggressively” in manufacturing capacity, research and development and infrastructure, Chief Executive Officer Brian Schimpf wrote in an investor note. Front and Center The list of tech and business CEOs accompanying President Donald Trump on his visit to China this week reads like a who’s who of corporate America: Apple’s Tim Cook, Nvidia’s Jensen Huang, Tesla’s Elon Musk. Notably absent from the list was Meta’s Mark Zuckerberg , who has spent the past 18 months working hard to build a cozy relationship with the US president and recently joined his science and technology council. Given Zuckerberg’s long history of trying to win over China – he even spent years learning Mandarin – I thought he might be a logical addition to the traveling party. Not so, apparently. But that doesn’t mean Meta was forgotten. Enter Dina Powell McCormick , the company’s newly minted president and vice chairman who has quickly become one of Meta’s most visible executives. Not on...
At the summit, the Chinese leader placed Taiwan, a key point of friction between the U.S. and China, at the center, calling it "the most important issue" between the two countries. (Image credit: China Pool)
At the summit, the Chinese leader placed Taiwan, a key point of friction between the U.S. and China, at the center, calling it "the most important issue" between the two countries. (Image credit: China Pool)