Earnings Call Insights: Rumble (RUM) Q1 2026 Management view "This should be the last call before Rumble meaningfully enters into the Cloud and Agentic AI era" (Founder, Chairman & CEO Christopher Pavlovski), adding that "as the transaction with Northern Data is set to close in June, Rumble will undergo a major transformation" and that "Cloud will become a pillar alongside video." "Rumble has secu...
Earnings Call Insights: Rumble (RUM) Q1 2026 Management view "This should be the last call before Rumble meaningfully enters into the Cloud and Agentic AI era" (Founder, Chairman & CEO Christopher Pavlovski), adding that "as the transaction with Northern Data is set to close in June, Rumble will undergo a major transformation" and that "Cloud will become a pillar alongside video." "Rumble has secured approximately 81% of Northern Data's outstanding shares, and we've received all required regulatory approvals for the business combination" (Founder, Chairman & CEO Pavlovski), and he said Northern Data "reported... record revenue of roughly EUR 43 million" in Q1 and "confirmed its full year 2026 revenue outlook of between EUR 130 million and EUR 150 million." "We are currently in negotiations with multiple customers for GPU-as-a-Service" (Founder, Chairman & CEO Pavlovski), who also said Rumble has "several non-dilutive GPU financing offers in hand" and highlighted "one-click OpenClaw deployment on Rumble Cloud" as part of its CPU-as-a-Service efforts. "Anchorage Digital... has selected Rumble Cloud as an infrastructure partner" (Founder, Chairman & CEO Pavlovski), calling it "a clear signal that Rumble Cloud is gaining traction with high-value, mission-critical workloads." "Our MAUs hit 56 million monthly active users" (Founder, Chairman & CEO Pavlovski), who attributed the increase to "our marketing efforts with international expansion and Rumble Shorts" and said Shorts reached "roughly 2 million unique video views in a single day" in May; he added, "since Shorts is not yet monetized, its growth had a negative impact on our ARPU" and "we are planning to roll out monetization of Shorts in the second half of this year." "The growth of [Rumble Wallet] will be heavily fueled by the $100 million advertising commitment from Tether" (Founder, Chairman & CEO Pavlovski), who said the commitment "has begun to slowly scale" in Q2 and that Rumble plans to "materially scale in th...
Earnings Call Insights: Pixelworks (PXLW) Q1 2026 Management view "As previewed on the previous conference call in February, Q1 was a transformational quarter for Pixelworks." (President, CEO & Chairman Todd DeBonis) "After closing the sale of our Shanghai-based semiconductor subsidiary and receiving the net cash proceeds from the transaction in early January, we completed a series of planned rest...
Earnings Call Insights: Pixelworks (PXLW) Q1 2026 Management view "As previewed on the previous conference call in February, Q1 was a transformational quarter for Pixelworks." (President, CEO & Chairman Todd DeBonis) "After closing the sale of our Shanghai-based semiconductor subsidiary and receiving the net cash proceeds from the transaction in early January, we completed a series of planned restructuring actions to streamline the remaining organization and cost structure." (President, CEO & Chairman DeBonis) "We ended the first quarter with cash balance of $58 million and $0 debt." (President, CEO & Chairman DeBonis) "We exited the first quarter as a repositioned, well-capitalized and focused company with our entire team supporting the go-forward strategy of building a global technology licensing business." (President, CEO & Chairman DeBonis) "We continue to have ownership of salient intellectual property, including over 60 issued and pending patents anchored by our industry-leading TrueCut Motion platform and motion grading services." (President, CEO & Chairman DeBonis) "We recently completed work on one of our most complex motion grading projects to date" for "Billie Eilish: Hit Me Hard and Soft - The Tour Live in 3D." (President, CEO & Chairman DeBonis) "At the Annual CinemaCon Conference held in April, the atmosphere was observably upbeat with year-to-date box office sales tracking approximately 20% higher over the same period in 2025." (President, CEO & Chairman DeBonis) "We recently added another published endorsement with Vue, the largest privately owned cinema operator in Europe to bring our advanced TrueCut Motion grading technology to their premium theaters." (President, CEO & Chairman DeBonis) "On March 30, the Board of Directors authorized a newly established stock repurchase program in the amount of $5 million." (Chief Financial Officer Haley Green) Outlook "Although we are not providing quarterly financial guidance" management reiterated that "starti...
African governments are increasingly turning to unconventional borrowing strategies, as high global interest rates and volatile currencies keep many shut out of traditional dollar funding markets, according to Citigroup Inc. Sovereigns and even some corporates are “looking to borrow in lower-yielding currencies, lower-interest rate currencies, not just in Eastern currencies, but also things like S...
African governments are increasingly turning to unconventional borrowing strategies, as high global interest rates and volatile currencies keep many shut out of traditional dollar funding markets, according to Citigroup Inc. Sovereigns and even some corporates are “looking to borrow in lower-yielding currencies, lower-interest rate currencies, not just in Eastern currencies, but also things like Swiss franc, even the euro to a certain extent,” Akin Dawodu , Citigroup’s head of sub-Saharan Africa, said in an interview on the sidelines of the Africa CEO Forum in Kigali. They are doing so “with a view to lowering borrowing costs and debt service costs,” he said. The shift underscores how African governments are beginning to explore financing tools once considered too complex or out of reach for lower-rated economies, as they grapple with rising debt-service costs, weakening currencies and tighter access to international capital markets. It also reflects growing strain on public finances, prompting issuers to think more creatively about managing debt obligations, Dawodu said. Nigeria said last month it plans to raise $5 billion from the United Arab Emirates, joining Angola and Senegal in turning to swaps for funding. Kenya is eyeing a $1 billion debt-for-food swap and plans to issue a $350 million Samurai bond before the end of June, while South Africa central bank chief Lesetja Kganyago has said it would be open to tapping euro liquidity lines. Elsewhere, Egypt has pursued yuan financing and diversified bond sales as it deepens ties with China. “There’s lots of interest in African issuers and African debt,” because of the continent’s growth potential and natural resources,” Dawodu said. Sub-Saharan Africa is expected to be the world’s second-fastest-growing region this year, expanding 4.3%, behind only emerging and developing Asia, according to the International Monetary Fund . But these more sophisticated instruments also carry new risks, particularly for governments ...
CIA Director John Ratcliffe met with Cuban officials including Raúl Castro's grandson during a high-level visit to the island Thursday, Cuban and U.S. officials said. (Image credit: Julia Demaree Nikhinson)
CIA Director John Ratcliffe met with Cuban officials including Raúl Castro's grandson during a high-level visit to the island Thursday, Cuban and U.S. officials said. (Image credit: Julia Demaree Nikhinson)
China calls for ceasefire and opening of seaway, while Donald Trump says Xi feels ‘very similar’ about ending the war in Iran Trump in China – latest updates Donald Trump has claimed that the US and China “feel very similar” about ending the war in Iran but offered no details about a possible breakthrough. The US president was speaking alongside Xi Jinping of China at the Zhongnanhai garden in Bei...
China calls for ceasefire and opening of seaway, while Donald Trump says Xi feels ‘very similar’ about ending the war in Iran Trump in China – latest updates Donald Trump has claimed that the US and China “feel very similar” about ending the war in Iran but offered no details about a possible breakthrough. The US president was speaking alongside Xi Jinping of China at the Zhongnanhai garden in Beijing on the second and final day of the leaders’ summit . Continue reading...
Steam rises from the smokestacks of a British Steel plant in Scunthorpe, northeastern U.K. Photo: VCG The U.K. government introduced a bill to parliament on Thursday that would allow it to nationalize British Steel Ltd., prompting China’s commerce ministry to urge London to protect the legitimate rights of the company’s Chinese owner. The Steel Industry (Nationalisation) Bill grants the government...
Steam rises from the smokestacks of a British Steel plant in Scunthorpe, northeastern U.K. Photo: VCG The U.K. government introduced a bill to parliament on Thursday that would allow it to nationalize British Steel Ltd., prompting China’s commerce ministry to urge London to protect the legitimate rights of the company’s Chinese owner. The Steel Industry (Nationalisation) Bill grants the government the power to take British Steel and other steelmakers into public ownership if deemed necessary and in the public interest.
Every few trading sessions, the yen jolts higher against the dollar, and then it suddenly drops. That has become a recurring feature of yen trading in recent weeks, sparking debate among investors and strategists over whether Japanese authorities are trying to stem further weakness in the yen through smaller operations. On Thursday, the yen jumped as much as 0.5% against the dollar in just two min...
Every few trading sessions, the yen jolts higher against the dollar, and then it suddenly drops. That has become a recurring feature of yen trading in recent weeks, sparking debate among investors and strategists over whether Japanese authorities are trying to stem further weakness in the yen through smaller operations. On Thursday, the yen jumped as much as 0.5% against the dollar in just two minutes during New York trading before quickly surrendering those gains. A similar move happened on Tuesday, when it abruptly rose by roughly the same amount. On May 8, the yen also briefly climbed 0.2% before reversing course. No one can say for certain what’s behind it, but traders are taking note because the moves may signal Tokyo’s unease over the yen’s weakness. Even the perception that authorities could intervene makes betting against the currency riskier. “My interpretation of the renewed activity is that the Ministry of Finance is uncomfortable with dollar-yen above 160 and wants to discourage another test of that level,” said Gareth Berry , a strategist at Macquarie Group Ltd. in Singapore. “These proactive nudges and warning shots — even before 160 is reached — point in this direction.” The momentary surges, appearing at different points from Tokyo through New York trading, come after a stretch of reported intervention in currency markets. While Japanese authorities have declined to comment on whether they stepped in, people familiar with the matter said intervention occurred on April 30, and analysis of the central bank’s accounts indicates Japan may have spent as much as around ¥10 trillion yen supporting the yen through the Golden Week holiday period. “There’s caution over intervention, so a slight move can spook people,” said Marito Ueda , managing director at SBI FX Trade. There’s no definitive evidence authorities are behind the latest moves. Unlike past interventions, there have been no fresh public warnings from officials, widespread trader reports of rate ch...
Toltek/iStock via Getty Images U.S. Trade Representative Jamieson Greer expects China to pledge "double-digit billions" in annual American agricultural purchases as Presidents Donald Trump and Xi Jinping conclude their high-stakes summit in Beijing. Greer noted the 25 million metric ton per year soybean deal agreed last October and said the U.S. also expects to "see an agreement for double-digit b...
Toltek/iStock via Getty Images U.S. Trade Representative Jamieson Greer expects China to pledge "double-digit billions" in annual American agricultural purchases as Presidents Donald Trump and Xi Jinping conclude their high-stakes summit in Beijing. Greer noted the 25 million metric ton per year soybean deal agreed last October and said the U.S. also expects to "see an agreement for double-digit billion purchases of ags over the next three years per year coming out of this visit." "And that's more general, that's aggregate. That's not just soybeans, that's everything else," he said in an interview on Bloomberg Television. Separately, Trump said in an interview aired on Thursday evening on Fox News' "Hannity" program that "China will buy a lot of our farm products." It was not immediately clear what products would be included and whether soybeans would be a part of the "double-digit billion purchases", but traders and analysts said they expected the existing soybean commitment to be part of the deal, which alone would be worth more than $10B. Soybean futures in Chicago rose as much as 0.8%, with corn climbing as much as 1.3% and wheat edging higher. More on Teucrium Soybean Fund ETF, Teucrium Corn Fund ETF, etc. Commodities: Oil Surges As Peace Deal Hopes Fade Commodities: Oil Rebounds On Renewed U.S.-Iran Tensions Chart Of The Day: Forget Fuel, Watch Food Soybean futures slide with no export news from U.S.-China summit Wheat futures limit-up after USDA reduces production outlook