Artist owner of iconic stilt-mounted 1980s Ball-Eastaway House near Sydney prepares to pass on custodianship The house teaches you things, Lynne Eastaway says. Today, a choir of cicadas fill the scrub with a rhythm that rises and falls. On other days, there may be visits from birds, goannas, echidnas, wombats, wallabies and kangaroos. “The bush ends, and the house begins,” she says. “You’re not th...
Artist owner of iconic stilt-mounted 1980s Ball-Eastaway House near Sydney prepares to pass on custodianship The house teaches you things, Lynne Eastaway says. Today, a choir of cicadas fill the scrub with a rhythm that rises and falls. On other days, there may be visits from birds, goannas, echidnas, wombats, wallabies and kangaroos. “The bush ends, and the house begins,” she says. “You’re not the centre; you’re just part of it. That’s the thing you learn. Continue reading...
OpenAI CRO Denise Dresser said that the company's enterprise business - which makes up 40% of its total revenue - has "incredible momentum" and was expected to reach 50% by the end of the year. Dresser made the comments in an exclusive interview with BTV's Tom Mackenzie on Thursday. (Source: Bloomberg)
OpenAI CRO Denise Dresser said that the company's enterprise business - which makes up 40% of its total revenue - has "incredible momentum" and was expected to reach 50% by the end of the year. Dresser made the comments in an exclusive interview with BTV's Tom Mackenzie on Thursday. (Source: Bloomberg)
The Caixin Must-Read newsletter brings you the best of our coverage from the past week. If you find it valuable, please share it and invite others to subscribe . Get group discounts with a tailored institutional Caixin subscription. Enjoy unlimited access to Caixin’s news website and app, plus premium benefits like event invites, custom services and dedicated support. # Cover Story # Cover Story: ...
The Caixin Must-Read newsletter brings you the best of our coverage from the past week. If you find it valuable, please share it and invite others to subscribe . Get group discounts with a tailored institutional Caixin subscription. Enjoy unlimited access to Caixin’s news website and app, plus premium benefits like event invites, custom services and dedicated support. # Cover Story # Cover Story: How AI Is Mining Worker Data to Reshape the Labor Market
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) has always been one of the most well-constructed dividend exchange-traded funds (ETFs) in the industry. Its screening process, which considers balance sheet fundamentals, dividend history, and yield, offers one of the most comprehensive strategies designed to identify the "best of the best" dividend stocks. From its inception in late 2011 through...
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) has always been one of the most well-constructed dividend exchange-traded funds (ETFs) in the industry. Its screening process, which considers balance sheet fundamentals, dividend history, and yield, offers one of the most comprehensive strategies designed to identify the "best of the best" dividend stocks. From its inception in late 2011 through 2022, the fund put up a stellar track record. But the dominance of megacap tech stocks from 2023 to 2025 put dividend stocks firmly out of favor, and its performance suffered. Thanks to a broadening of market gains, 2026 has marked the return of the Schwab U.S. Dividend Equity ETF as a leader within the dividend ETF category. The long-term investment case for this fund is fairly straightforward, but it's not always that simple. The focus on income, quality, and value disciplines is attractive. Whether or not investors should buy it right now, however, depends on where the economy is headed and whether the trend toward artificial intelligence (AI) stocks is here to stay. Continue reading
The market was pretty down on Nvidia (NASDAQ: NVDA) earlier this year, and it dipped back below the $5 trillion market-cap threshold. Smart investors saw the opportunity in March, and Nvidia is back to hitting new highs. It's up 18% year to date, trouncing the S&P 500 , and it has a record $5.36 trillion value. Is it too late to buy? Nvidia was hardly a household name over its many decades of oper...
The market was pretty down on Nvidia (NASDAQ: NVDA) earlier this year, and it dipped back below the $5 trillion market-cap threshold. Smart investors saw the opportunity in March, and Nvidia is back to hitting new highs. It's up 18% year to date, trouncing the S&P 500 , and it has a record $5.36 trillion value. Is it too late to buy? Nvidia was hardly a household name over its many decades of operation, mostly selling graphics processing units (GPUs) to power gaming. But it was well positioned to drive artificial intelligence (AI) development when the generative kind took off a few years ago. And having honed its technology to create and refine the GPU, it has become arguably the most important piece of AI development. Continue reading
US President Donald Trump (R) shakes hands with China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Kenny Holston | Afp | Getty Images U.S. President Donald Trump said China has agreed to buy American oil, in a pre-recorded interview with Fox News that aired Thursday evening stateside, as the two nations push for concrete trade and business wins at their ongoin...
US President Donald Trump (R) shakes hands with China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Kenny Holston | Afp | Getty Images U.S. President Donald Trump said China has agreed to buy American oil, in a pre-recorded interview with Fox News that aired Thursday evening stateside, as the two nations push for concrete trade and business wins at their ongoing bilateral summit. "They've agreed they want to buy oil from the United States, they're going to go to Texas, we're going to start sending Chinese ships to Texas and to Louisiana and to Alaska," Trump said in the interview that was conducted after his meeting with Chinese President Xi Jinping in Beijing on Thursday. Trump and Xi are scheduled to meet Friday to close out a two-day summit that has featured pageantry as well as dealmaking including market access for U.S. businesses and purchases of American goods. Beijing also made a pointed warning that mishandling the Taiwan issue could push bilateral ties into a tailspin. Trump's visit marks the first time a sitting U.S. president has traveled to China in nearly nine years. The two leaders are expected to share tea and a working lunch before the U.S. officials depart for Washington. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
China’s leader raised the ancient Greek historian Thucydides when he met the US president in Beijing Trump-Xi China summit – follow live A messy war in the Middle East. Tensions in Taiwan. When the leaders of the world’s two superpowers met in Beijing this week, these were the flashpoints everyone expected they would talk about. Instead, Chinese leader Xi Jinping threw another, ancient war, into t...
China’s leader raised the ancient Greek historian Thucydides when he met the US president in Beijing Trump-Xi China summit – follow live A messy war in the Middle East. Tensions in Taiwan. When the leaders of the world’s two superpowers met in Beijing this week, these were the flashpoints everyone expected they would talk about. Instead, Chinese leader Xi Jinping threw another, ancient war, into the mix. Continue reading...
India’s state-run oil refiners raised gasoline and diesel prices for the first time in four years to limit their growing losses and tame domestic demand, as global crude prices remain high due to the Middle East conflict. Both diesel and gasoline prices rose by over 3%, according to spokesmen at the refiners. While diesel will now cost 90.67 rupees a liter, gasoline will be priced at 97.77 rupees ...
India’s state-run oil refiners raised gasoline and diesel prices for the first time in four years to limit their growing losses and tame domestic demand, as global crude prices remain high due to the Middle East conflict. Both diesel and gasoline prices rose by over 3%, according to spokesmen at the refiners. While diesel will now cost 90.67 rupees a liter, gasoline will be priced at 97.77 rupees a liter in New Delhi. Prices are now the highest since May 2022. The increase in rates is lower than what Indian Oil Corp. , Bharat Petroleum Corp. , Hindustan Petroleum Corp. , which were losing 10 billion rupees daily on fuel sales, were expecting. Diesel accounts for about 40% of India’s total fuel sales, while gasoline’s share is more than 17%. Retail rates vary from state to state due to the local value added tax. Read More: India Inflation Rises Less Than Expected Even as Risks Grow New Delhi had previously prioritized shielding consumers from a historic oil shock, which squeezed refiners’ margins and stretched balance sheets. The latest move signals a gradual shift toward restoring pricing discipline as fiscal and market pressures intensify. Higher pump prices could add to inflation. With oil above $100 a barrel, import costs have already put pressure on the country’s balance of payments, which economists say may stay in deficit for a third straight year. Read More: India State Refiners Eye Modest Fuel Price Hike as Losses Mount The move follows a cut in fuel taxes in March that gave refiners some relief, but fell short of offsetting losses. Integrated refiners need world prices closer to $80–$85 a barrel to break even, according to Macquarie Research. State refiners account for 90% of the country’s fuel stations. The market had been anticipating a hike in fuel prices after the conclusion of regional elections on April 29, stoking panic buying that led to fuel outlets in some states running dry. The action may now help tame the spike in demand. On Sunday, Prime Minis...
Earnings Call Insights: Shimmick Corporation (SHIM) Q1 2026 Management View "I'm pleased to report that we are continuing to make progress on our strategy, which centers around growing our top line by bidding and winning work aligned with our expertise, winding down noncore projects and executing at a high level to deliver consistent margins." (CEO & Director Ural Yal) "For the first quarter, we d...
Earnings Call Insights: Shimmick Corporation (SHIM) Q1 2026 Management View "I'm pleased to report that we are continuing to make progress on our strategy, which centers around growing our top line by bidding and winning work aligned with our expertise, winding down noncore projects and executing at a high level to deliver consistent margins." (CEO & Director Ural Yal) "For the first quarter, we delivered consolidated revenue of $88 million, 12% gross margin and adjusted EBITDA of approximately $3 million." (CEO & Director Yal) "We now have secured and continuing to secure backlog that is going to fuel our growth the rest of the year and beyond." (CEO & Director Yal) "For our noncore projects, revenue was $200,000 compared to $29 million a year ago, largely as a result of the termination by the U.S. Army Corps of Engineers of the Chickamauga Lock Replacement Project in Chattanooga, Tennessee." (CEO & Director Yal) "We remain constructive in our approach... and are confident that the parties will be able to reach a mutually agreeable resolution in due course." (CEO & Director Yal) "The electrical business remains an important pillar of our long-term strategy... We're also seeing increasing opportunity in data centers." (CEO & Director Yal) "In April, we announced the appointment of Sarah Tacker as Executive Vice President and Chief Operating Officer." (CEO & Director Yal) "Subsequent to quarter end, we were selected for a project with California Water Service... through a progressive design build contract with an estimated construction value of $50 million." (CEO & Director Yal) "Shimmick project revenue for Q1 2026 was $88 million versus $93 million in Q1 of 2025." (Executive VP & CFO Todd Yoder) Outlook "Despite the termination of the Chickamauga Lock Replacement Project... we are reaffirming our full year 2026 guidance." (Executive VP & CFO Yoder) "We expect Shimmick consolidated revenue to grow year-over-year between 12% and 22%... representing approximately $550...