Shares of Ondas (NASDAQ: ONDS) rocketed higher on Thursday after the defense technology provider reported staggering sales growth. Image source: Getty Images. Ondas' revenue rose more than 10-fold year over year to $50.1 million in the first quarter. The 1,065% gains were fueled by strong sales of the company's counter- drone systems. Continue reading
Shares of Ondas (NASDAQ: ONDS) rocketed higher on Thursday after the defense technology provider reported staggering sales growth. Image source: Getty Images. Ondas' revenue rose more than 10-fold year over year to $50.1 million in the first quarter. The 1,065% gains were fueled by strong sales of the company's counter- drone systems. Continue reading
Hong Kong’s privacy watchdog has condemned the owner of an education platform for paying a ransom to hackers who stole individuals’ personal data across 9,000 institutions worldwide, arguing that the money should have been spent on strengthening cybersecurity. Privacy Commissioner for Personal Data Ada Chung Lai-ling on Friday also questioned whether the hackers had truly returned the data stolen ...
Hong Kong’s privacy watchdog has condemned the owner of an education platform for paying a ransom to hackers who stole individuals’ personal data across 9,000 institutions worldwide, arguing that the money should have been spent on strengthening cybersecurity. Privacy Commissioner for Personal Data Ada Chung Lai-ling on Friday also questioned whether the hackers had truly returned the data stolen from Canvas and urged affected users to remain alert to suspicious calls or messages claiming to be...
(RTTNews) - The Australian stock market is slipping to slight losses in mid-market moves on Friday after opening in the green, reversing the slight gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling be
(RTTNews) - The Australian stock market is slipping to slight losses in mid-market moves on Friday after opening in the green, reversing the slight gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling be
Depopulation Won't Save Us Or The Planet Authored by Lipton Matthews via The Mises Institute, In recent years, a strand of environmental thinking has emerged that places population at the center of ecological crises. Some activists, including figures associated with the Extinction Rebellion and the Stop Having Kids Movements Movement in the United Kingdom and the United States have expressed anti-...
Depopulation Won't Save Us Or The Planet Authored by Lipton Matthews via The Mises Institute, In recent years, a strand of environmental thinking has emerged that places population at the center of ecological crises. Some activists, including figures associated with the Extinction Rebellion and the Stop Having Kids Movements Movement in the United Kingdom and the United States have expressed anti-natalist views, arguing that choosing not to have children is a meaningful response to climate change. The reasoning is lucid and, at first glance, convincing: fewer people should mean less consumption, lower emissions, and more space for the natural world to recover. Yet this argument becomes less compelling when examined more carefully. Depopulation, on its own, is neither a sufficient nor a reliable solution to environmental problems. Once questions of timing, infrastructure, and land use are considered, the connection between population decline and environmental improvement appears far more uncertain. The first issue is one of timing. Climate change is seen as an urgent problem that must be addressed within the next few decades. Population decline, however, unfolds over a much longer horizon. Even if fertility rates were to fall sharply today, the total number of people would remain high for decades because of population momentum. Large existing generations will continue to live, consume, and emit throughout the period in which climate action is most critical. For this reason, the impact of falling fertility on emissions is minimal within the relevant timeframe. Climate-economy modeling indicates that even substantial differences in long-term population size produce only very small differences in projected global temperatures. This conclusion is difficult to avoid. Demographic change happens too slowly to meaningfully influence climate outcomes in the near term. What ultimately matters is not population growth, but the speed at which economies innovate by developing tec...
Earnings Call Insights: Xos, Inc. (XOS) Q1 2026 Management View "Q1 2026 was, by many measures, the strongest opening to a year in Xos' history and a clear signal of what this business is becoming." (Co-Founder, CEO & Chairman Dakota Semler) "Xos today is broader than that. We build trucks, we manufacture and operate mobile energy infrastructure with the Xos Hub, and we power vehicles for other OE...
Earnings Call Insights: Xos, Inc. (XOS) Q1 2026 Management View "Q1 2026 was, by many measures, the strongest opening to a year in Xos' history and a clear signal of what this business is becoming." (Co-Founder, CEO & Chairman Dakota Semler) "Xos today is broader than that. We build trucks, we manufacture and operate mobile energy infrastructure with the Xos Hub, and we power vehicles for other OEMs through our Powered by Xos powertrain business." (CEO Semler) "We delivered 95 units in the quarter, including 63 powertrain systems for Blue Bird, 10 strip chassis supporting our partnership with UPS alongside record volumes of hub units shipped to customers across our commercial and municipal pipeline." (CEO Semler) "We've made the decision to invest more aggressively in hub production capacity and hub engineering" and "we're also preparing to begin shipping hubs to Europe later this year and are actively standing up the service partnerships needed to meet customer SLAs as we expand internationally." (CEO Semler) "The production team also successfully launched a new higher capacity hub configuration with our standard hub platform now increasing from 280-kilowatt hours to 420-kilowatt hours." (Co-Founder, COO & Director Giordano Sordoni) "For Q1 2026, our revenue was $11.2 million on 95 units" and "this quarter, we achieved our highest GAAP gross margin in the company's history, with a profit of $4.3 million or 38.6%." (Chief Financial Officer Liana Pogosyan) Outlook "We are reaffirming our full year 2026 guidance of revenue to fall within the range of $40 million to $50 million, unit deliveries to be within the range of 350 to 500 units, and non-GAAP operating loss to be in the range of $11.9 million to $13.3 million." (CFO Pogosyan) "We do not expect margins to hold at this level quarter after quarter. Mix will move around." (CEO Semler) "On a full year basis, we expect 2026 gross margins to be meaningfully better than 2025." (CEO Semler) Financial Results "For Q1 202...
US Treasuries slid with global peers as persistently higher oil prices threatened to worsen inflation and keep interest rates elevated for longer. The yield on two-year Treasuries climbed to 4.05%, while those on the 10-year rose near 4.52%, both reaching their highest levels in a year. Brent crude climbed above $107 a barrel as the prolonged closure of the Strait of Hormuz fueled supply concerns....
US Treasuries slid with global peers as persistently higher oil prices threatened to worsen inflation and keep interest rates elevated for longer. The yield on two-year Treasuries climbed to 4.05%, while those on the 10-year rose near 4.52%, both reaching their highest levels in a year. Brent crude climbed above $107 a barrel as the prolonged closure of the Strait of Hormuz fueled supply concerns. Weakness was also seen in other markets. Japan’s 10-year yields rose after a surprise increase in producer prices added pressure on the Bank of Japan to lift interest rates. Australian yields resumed their advance. Meanwhile, European bond futures fell as political uncertainty in the UK unnerved gilt investors. “The move higher in global bond yields is a little unsettling,” said Prashant Newnaha , senior Asia-Pacific rates strategist at TD Securities in Singapore. “An extended and persistently high oil price could be the nail in the coffin for bonds.” This global rout stems from the war-led surge in oil prices since March, which has stoked inflation and driven government borrowing costs higher around the world. The lift in Japanese producer prices followed data this week that suggested inflation in the US is becoming sticky, prompting traders to bet on tighter monetary policies from global central banks this year. “Concern about embedded inflation is spreading,” said Kenneth Crompton , head of rates strategy at National Australia Bank in Sydney. Japan and the UK have inflationary fiscal concerns behind them, but “they are a growing factor in the US too,” he said.
Tony Anderson/DigitalVision via Getty Images Summary Following my coverag e on The Middleby Corporation ( MIDD ) in Aug’25, in which I recommended a hold rating because the near-term outlook remained weak due to soft QSR demand and tariff headwinds, this post is to provide an update on my thoughts on the business and stock. Q1 2026 showed the first real evidence that the setup is improving. CF org...
Tony Anderson/DigitalVision via Getty Images Summary Following my coverag e on The Middleby Corporation ( MIDD ) in Aug’25, in which I recommended a hold rating because the near-term outlook remained weak due to soft QSR demand and tariff headwinds, this post is to provide an update on my thoughts on the business and stock. Q1 2026 showed the first real evidence that the setup is improving. CF organic growth turned positive, FP delivered strong growth, orders, and backlog ahead of the Midera spin, and valuation still does not look stretched. I am upgrading MIDD to Buy. Q1 2026 Earnings Review Things have gotten a lot better vs. my last update. Net sales from continuing operations were up 15% y/y in Q1 , with organic sales growth of ~12% y/y. This brought revenue up to $839.9 million, and it was driven by both segments. Commercial Foodservice [CF] revenue grew 9.4% y/y, with organic sales growth of 8.1%, benefiting from continued double-digit growth with dealer partners. Food Processing [FP] revenue was up even more, by ~34% y/y, to $224.4 million, with organic sales growth of 25%. The FP segment also delivered Q1 orders of $231 million, while backlog increased to $416 million. As a result, MIDD delivered solid profitability for the quarter. Adj. EBITDA came in at $180.6 million vs. $161.5 million in Q1 2025, with CF adj. EBITDA of $158.4 million and FP adj. EBITDA of $41.4 million. On a consolidated basis, total adj. EBITDA margin was 21.5%, and EBIT was $133 million. On a per-share basis, adj. EPS was $2.16 vs. $1.87 last year. CF Is Finally Showing the Inflection I Was Waiting For The biggest update, I believe, is in the CF segment. In my previous update, this was the main reason I gave a hold rating. The segment was weak, with organic sales down 5.5% in Q2 2025, and large QSR chain customers were pulling back. The replacement cycle was interesting, but the numbers did not show up in the P&L. Fast forward to today, things have changed for the better. CF organic sa...