Warren Whines As Senate Banking Committee Advances Crypto CLARITY Act, Two Democrats Break Ranks Authored by Micah Zimmerman via BitcoinMagazine.com, The Senate Banking Committee advanced the Digital Asset Market Clarity Act on a 15–9 vote Thursday, with Sens. Ruben Gallego (D‑Ariz.) and Angela Alsobrooks (D‑Md.) joining all 13 Republicans to move the sweeping crypto market structure bill to the f...
Warren Whines As Senate Banking Committee Advances Crypto CLARITY Act, Two Democrats Break Ranks Authored by Micah Zimmerman via BitcoinMagazine.com, The Senate Banking Committee advanced the Digital Asset Market Clarity Act on a 15–9 vote Thursday, with Sens. Ruben Gallego (D‑Ariz.) and Angela Alsobrooks (D‑Md.) joining all 13 Republicans to move the sweeping crypto market structure bill to the full Senate. The Clarity Act is the Senate’s bid to build a federal framework for digital asset trading, stablecoins and intermediaries, splitting oversight between the SEC and CFTC and setting registration, disclosure and compliance rules for exchanges, brokers and custodians. It now advances alongside a related bill from the Senate Agriculture Committee, with the two texts expected to merge before a floor vote. Chair Tim Scott (R‑S.C.) cast the markup as a turning point after years in which crypto firms operated in what he called a “regulatory gray zone” under “outdated rules.” He said the bill aims to protect consumers, keep innovation in the United States and “close the doors that criminals, terrorists and hostile regimes have tried to exploit,” after months of cross‑party talks that expanded the draft by more than 200 pages. Sen. Cynthia Lummis (R‑Wyo.), who leads the committee’s digital assets panel, called the Clarity Act “the hardest piece of legislation” she has worked on across decades in state and federal office. She described it as a “case of first impression” that tries to fit new asset types and software into a regulatory code built for earlier markets. BREAKING: 🇺🇸 Senate Banking Committee PASSES the Clarity Act in 15-9 vote. The bill now goes to the full Senate. pic.twitter.com/TCs6T283y2 — Bitcoin Magazine (@BitcoinMagazine) May 14, 2026 Warren’s camp: “industry‑written” and “not ready” Ranking Member Elizabeth Warren (D‑Mass.) led the opposition , arguing the committee should focus on groceries, health costs and credit card rates, not “a bill written by the...
The most graphically-impressive first-person shooter made for the Nintendo Switch is $20 off at Best Buy . Right now, you can buy the physical version of Metroid Prime 4: Beyond for $39.99 ($20 off). The game looks surprisingly good on the 2017 hardware, but runs way better on the Switch 2 with the additional $10 upgrade pack that unlocks hi-res textures, faster loading times, and Joy-Con mouse mo...
The most graphically-impressive first-person shooter made for the Nintendo Switch is $20 off at Best Buy . Right now, you can buy the physical version of Metroid Prime 4: Beyond for $39.99 ($20 off). The game looks surprisingly good on the 2017 hardware, but runs way better on the Switch 2 with the additional $10 upgrade pack that unlocks hi-res textures, faster loading times, and Joy-Con mouse mode. If you’re gaming on a Switch 2, getting the discounted game and the digital upgrade pack costs $50 versus its normal $70 price for the Switch 2 Edition version. Yeah, it’s a little confusing. Metroid Prime 4: Beyond Where to Buy: $59.99 $39.99 at Best Buy (Switch) The latest Prime game is a departure from the previous entries, the last of which was released all the way back in 2007. Beyond features an open-world design with plenty of associated trappings. There are map markers, collectibles, and a slick motorcycle to take bounty hunter Samus Aran across the huge desert where Beyond’s story unfolds. I agree with our review by Andrew Webster that these new additions feel out of place in the franchise, but I still had a good time, and the campaign doesn’t overstay its welcome.
GabrielPevide/E+ via Getty Images Owens Corning ( OC ) reported Q1 '26 results on May 6th, and the headline numbers look bad. Revenue fell 10% and EBITDA fell 35%. While it was better than what the market had expected, on the surface, it seems to read like a business that's under serious pressure. While that's partially true, I think understanding the drivers makes the numbers look a bit more dige...
GabrielPevide/E+ via Getty Images Owens Corning ( OC ) reported Q1 '26 results on May 6th, and the headline numbers look bad. Revenue fell 10% and EBITDA fell 35%. While it was better than what the market had expected, on the surface, it seems to read like a business that's under serious pressure. While that's partially true, I think understanding the drivers makes the numbers look a bit more digestible. In this article, I'll explain what happened in the latest quarter and why I think Owens Corning has levers to pull on the margin front. On trough EBITDA levels and the company still producing enough cash flow to return cash to shareholders, the valuation looks quite attractive. Owens Corning overview and recent asset sale Owens Corning might not be a household name, but it's a large branded building products company that operates across in Roofing, Insulation, and Doors. The Roofing segment manufactures asphalt shingles and roofing components and is the most important part of the business, generating approximately 30% EBITDA margins even in trough conditions. The Insulation segment produces thermal and acoustic insulation for residential and commercial construction. The Doors segment, which incorporates the recent DoStef and DOOR acquisitions, manufactures residential and commercial entry and interior doors across North America and Europe. Owens Corning's portfolio transformation story is important context for Q1. On May 1, the company sold glass reinforcements business for approximately $280 million in cash proceeds, plus an expected $50 million from excess alloy sales. That divestiture completes the company's pivot to a pure-play branded building products business as it sheds a sheds a more commodity-oriented industrial segment that carried lower margins and higher cyclicality. On the company's most recent earnings call , CEO Brian Chambers described this as a multi-year strategy to operate as a "focused building products leader that outperforms through cycles." T...
There was wind, there was fire, there was Goodrem’s remarkable upper-range – resulting in a refreshingly self-assured offering from Australia ‘Sung by a silver robot from 1984!’ The 11 biggest bangers in Eurovision 2026 Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Standing before a glistening crescent moon and adorned in more t...
There was wind, there was fire, there was Goodrem’s remarkable upper-range – resulting in a refreshingly self-assured offering from Australia ‘Sung by a silver robot from 1984!’ The 11 biggest bangers in Eurovision 2026 Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Standing before a glistening crescent moon and adorned in more than 7,000 Swarovski crystals, Australia’s 2026 Eurovision hopeful Delta Goodrem delivered a powerful performance on the 70th anniversary of the global song contest – and become the first Australian act to qualify for the grand final since 2023. Heading into the competition as an early favourite behind Eurovision heavy-hitters Denmark and Finland, Goodrem delivered a note-perfect rendition of her power-ballad entry, Eclipse. The track is impressive if a little formulaic – and of the 35 countries competing, 15 are represented by solo female performers, so Goodrem needed to find a way to stand out in a crowded field. Continue reading...
Cerebras Systems , the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 IPO price — and rocketing past a $100 billion market capitalization in its first hours of trading. The debut instantly crowned Cerebras as one of the most valuable semiconductor companies on Earth and valida...
Cerebras Systems , the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 IPO price — and rocketing past a $100 billion market capitalization in its first hours of trading. The debut instantly crowned Cerebras as one of the most valuable semiconductor companies on Earth and validated a decade-long bet that the AI industry would eventually demand a fundamentally different kind of chip. The company sold 30 million shares at $185 apiece, raising $5.55 billion in what Bloomberg reported as the largest U.S. tech IPO since Uber went public in 2019 . The final pricing shattered expectations: Cerebras initially marketed shares at $115 to $125, then raised the range to $150 to $160 as investor demand surged, before ultimately pricing above even that elevated band. "This is just a new beginning," Julie Choi, Senior Vice President and Chief Marketing Officer at Cerebras, told VentureBeat in an exclusive interview on the morning of the IPO. The company, she said, plans to pour its fresh capital into expanding the cloud infrastructure that has become the centerpiece of its growth strategy. "With this new capital, we're going to fill more data halls with Cerebras systems to power the world's fastest inference." The IPO caps one of the most dramatic corporate turnarounds in recent tech history. Cerebras first filed to go public in September 2024 but withdrew the effort more than a year later amid intense scrutiny over its near-total revenue dependence on a single customer in the United Arab Emirates. The company refiled in April 2026 with a radically different business profile: new partnerships with OpenAI and Amazon Web Services , a fast-growing cloud inference service , and a revenue base that had climbed 76% to $510 million in 2025 . How a dinner-plate-sized chip became the foundation of a $100 billion company To understand the frenzy, you have to understand th...
NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- In a release issued earlier today by Xcel Brands, Inc (NASDAQ: XELB) please note that the "Conference Call and Webcast" section contained outdated information. The corrected release follows
NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- In a release issued earlier today by Xcel Brands, Inc (NASDAQ: XELB) please note that the "Conference Call and Webcast" section contained outdated information. The corrected release follows
Scott Olson Seth Klarman's Baupost Group took new positions in Aon ( AON ), Norwegian Cruise Line ( NCLH ), and DNOW ( DNOW ), while it exited CRH ( CRH ), Dollar General ( DG ), and Fidelity National Information Services ( FIS ), according to its latest 13F filing. The fund boosted stakes in Americold Realty Trust ( COLD ) to 7.78M shares with a value of $89.2M from 3.48M shares and Amazon ( AMZN...
Scott Olson Seth Klarman's Baupost Group took new positions in Aon ( AON ), Norwegian Cruise Line ( NCLH ), and DNOW ( DNOW ), while it exited CRH ( CRH ), Dollar General ( DG ), and Fidelity National Information Services ( FIS ), according to its latest 13F filing. The fund boosted stakes in Americold Realty Trust ( COLD ) to 7.78M shares with a value of $89.2M from 3.48M shares and Amazon ( AMZN ) to 3.12M ($649M value) from 1.09M shares. Baupost decreased its stakes in Liberty Global (LBTY) to 13.4M shares ($157M value) from 20.9M shares; in Willis Towers Watson ( WTW ) to 893K shares ($259.6M value) from 1.36M shares. With the newly established stakes, the firm now has 769K shares of Aon ( AON ) valued at $248.2M, 3.63M shares of Norwegian Cruise Line ( NCLH ) valued at $67.9M, and 3.63M shares of DNOW ( DNOW ) valued at $43.2M, according to the filing. More on Aon, CRH, etc. Amazon: Most Attractive Of The Hyperscalers Amazon: AWS Remains The Growth Driver, Expecting More Record Highs Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? Amazon continues to expand its smaller-format Whole Foods Market Daily Shop concept What’s next for Amazon after record-breaking quarter?