Hims & Hers Health (NYSE:HIMS) absorbed another analyst downgrade. Bank of America cut its price objective on Hims & Hers stock to $30 from $32, while keeping a Neutral rating. The firm called the recent results “a mixed quarter” and argued that the bar needs to come down before HIMS stock can work again. The ... BofA Cuts Hims & Hers Price Target as Mixed Quarter Resets Street Expectations
Hims & Hers Health (NYSE:HIMS) absorbed another analyst downgrade. Bank of America cut its price objective on Hims & Hers stock to $30 from $32, while keeping a Neutral rating. The firm called the recent results “a mixed quarter” and argued that the bar needs to come down before HIMS stock can work again. The ... BofA Cuts Hims & Hers Price Target as Mixed Quarter Resets Street Expectations
U.S. Wheat Crop Forecast To Hit Half-Century Low As Drought Hits Breadbasket Chicago wheat futures surged on Tuesday, hitting two-year highs after the USDA's latest WASDE report signaled a much tighter U.S. supply outlook than traders had anticipated. Production stress across America's breadbasket is now converging with a megadrought and mounting fertilizer constraints, adding upward pressure on p...
U.S. Wheat Crop Forecast To Hit Half-Century Low As Drought Hits Breadbasket Chicago wheat futures surged on Tuesday, hitting two-year highs after the USDA's latest WASDE report signaled a much tighter U.S. supply outlook than traders had anticipated. Production stress across America's breadbasket is now converging with a megadrought and mounting fertilizer constraints, adding upward pressure on prices at a time when global food prices are rising. 🌾Due to poor crop health and a record-low planted area, the United States will produce the smallest wheat volume since 1972. 2026 winter wheat output (67% of total output) by class is seen at the lowest levels since: All winter: 1965 Hard red winter: 1957 Soft red winter: 2020 pic.twitter.com/OcIP3DA0VS — Karen Braun (@kannbwx) May 12, 2026 The USDA forecast 2026/27 U.S. all-wheat production at 1.56 billion bushels, sharply below Wall Street expectations of around 1.74 billion, marking the smallest harvest since 1972. 🇺🇸The U.S. in 2026 is set to harvest the smallest wheat crop in 54 years. Weather has challenged winter wheat this year and condition ratings have plunged. Pairing low yield with low planted area, USDA projects the smallest U.S. winter wheat harvest since 1965. pic.twitter.com/xe2alJOPyr — Karen Braun (@kannbwx) May 12, 2026 After the report on Tuesday, Chicago wheat futures jumped to their highest level since May 2024. The latest WASDE report should come as no surprise to readers, as we have been closely tracking the intensifying drought stress plaguing the U.S. agricultural market: Drought Engulfs 60% Of U.S. As Farmers Begin Spring Planting UBS Warns Drought Shock Unfolding Across Breadbasket Of America Wheat Spread Blows Out As Drought Chaos Plagues America's Breadbasket Saxo commodities head Ole Hansen penned a note on Wednesday, highlighting just how dire the report is for wheat production: USDA projected the smallest U.S. wheat harvest since 1972, triggering sharp gains in both Chicago and Kansas wheat...
The bodies of three women have been recovered from the sea off Brighton. Sussex Police said emergency services were called after concerns were raised for the women’s welfare at around 5.45am on Wednesday, and their bodies were pulled from the water near Madeira Drive. Chief Superintendent Adam Hays said the coastguard is completing an “extensive search of the water”, but the force is not searching...
The bodies of three women have been recovered from the sea off Brighton. Sussex Police said emergency services were called after concerns were raised for the women’s welfare at around 5.45am on Wednesday, and their bodies were pulled from the water near Madeira Drive. Chief Superintendent Adam Hays said the coastguard is completing an “extensive search of the water”, but the force is not searching for anyone else. The officer said CCTV inquiries are being carried out. Following the incident,...
onurdongel/E+ via Getty Images Nebius Group N.V. ( NBIS ) managed to surpass analyst expectations for the first fiscal quarter by a large margin on new contract deals for the supply of GPU compute and a ramping Data Center footprint. The market responded very favorably to Nebius' Q1 '26 results , sending shares 15% higher in pre-market trading. With recent projections by Japanese investment bank M...
onurdongel/E+ via Getty Images Nebius Group N.V. ( NBIS ) managed to surpass analyst expectations for the first fiscal quarter by a large margin on new contract deals for the supply of GPU compute and a ramping Data Center footprint. The market responded very favorably to Nebius' Q1 '26 results , sending shares 15% higher in pre-market trading. With recent projections by Japanese investment bank Mitsubishi calling for a ~ 36% year-over-year increase in hyperscaler-driven CapEx spending for the current year, I believe the investment proposition for Nebius is fully intact following the Q1 report. Despite a significantly higher valuation since my last coverage, I maintain a Strong Buy rating on Nebius, mainly because of a massive ramp of the neocloud's revenue volume and power base. Seeking Alpha Previous rating I recommended Nebius as well as CoreWeave ( CRWV ) as Strong Buys for investors that want to get exposure to the soaring demand for GPUs and Cloud compute in the Data Center market. Specifically, Nebius' massive $27B deal with Meta Platforms ( META ) was a game-changing event for the enterprise that positioned it at the top of the GPU-as-a-Service market. In the first-quarter, Nebius managed to boost its revenue volume by almost 700% year-over-year, reflecting a material growth acceleration, which highlights a business model that has considerable potential for scale and operating leverage. Massive power base expansion set to yield more upside The neocloud reported better-than-expected results for its first fiscal quarter on both the bottom and the top lines, driven by persistent demand for GPU compute in the Data Center sector: Nebius reported GAAP earnings of $2.11 per-share, beating the consensus estimate by $2.82 per-share (the market expected a loss of $0.78 per-share). The neocloud also excelled in terms of its top line, reporting $399M in total revenues for the first-quarter, surpassing the average estimate by $10M. Nebius’ core business, the leasing of g...
Reform UK leader insists the sum did not have to be declared but there are also other aspects of his finances to be addressed Farage faces inquiry over £5m gift Nigel Farage has been dogged by questions about his finances since the Guardian revealed he received a £5m gift from a donor in 2024. Although he insists the gift did not have to be declared, several important questions remain unanswered. ...
Reform UK leader insists the sum did not have to be declared but there are also other aspects of his finances to be addressed Farage faces inquiry over £5m gift Nigel Farage has been dogged by questions about his finances since the Guardian revealed he received a £5m gift from a donor in 2024. Although he insists the gift did not have to be declared, several important questions remain unanswered. Continue reading...
OpenAI CEO Sam Altman took the stand yesterday in the third week of the blockbuster trial brought by Elon Musk, telling jurors that Musk wanted to “take a chainsaw through” the company’s research staff during his time on the board. Altman said Musk pushed co-founders Greg Brockman and Ilya Sutskever to rank researchers by accomplishment so the bottom could be cut. The exercise did “huge damage for...
OpenAI CEO Sam Altman took the stand yesterday in the third week of the blockbuster trial brought by Elon Musk, telling jurors that Musk wanted to “take a chainsaw through” the company’s research staff during his time on the board. Altman said Musk pushed co-founders Greg Brockman and Ilya Sutskever to rank researchers by accomplishment so the bottom could be cut. The exercise did “huge damage for a long time to the culture of the organization,” Altman testified. A Morale Boost When Musk Left Al
U.K.-based chip startup Fractile has raised $220M in a funding round led by Factorial Funds, Accel, and Peter Thiel’s Founders Fund. The funding round also saw participation from Conviction, Gigascale, O1A, Felicis, Buckley Ventures, and 8VC, alongside existing backers, according to the company. Fractile said the funding would help it build the next generation of inference hardware. Fractile, whic...
U.K.-based chip startup Fractile has raised $220M in a funding round led by Factorial Funds, Accel, and Peter Thiel’s Founders Fund. The funding round also saw participation from Conviction, Gigascale, O1A, Felicis, Buckley Ventures, and 8VC, alongside existing backers, according to the company. Fractile said the funding would help it build the next generation of inference hardware. Fractile, which was founded in 2022, is developing chips designed to accelerate AI inference — the process of running a trained AI model to produce predictions or conclusions on new, unseen data. The company competes with startups Cerebras and Groq and big players like Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ). AI chip giant Nvidia already has a non-exclusive licensing deal with Groq for its inference technology. "The technical and economic limits on inference speed, above all from memory bandwidth that has failed to scale on current architectures, are what is constraining progress. To compress that month into a day, we will need to generate output at ~1,200 tokens per second, while handling the complexity and capacity challenges of operating large models at very long contexts. This is exactly the problem Fractile has been building from the ground up to tackle," said the company on Wednesday. Fractile noted that it is hiring across the U.K. (London and Bristol), the U.S. (San Francisco), and Taiwan (Taipei) Earlier this month, it was reported that Anthropic ( ANTHRO ) held discussions with Fractile to buy the company's inference chips. More on Nvidia, AMD AMD: The Bull Case Has A Fatal Flaw Nvidia Earnings Preview: I'm Buying Ahead Of Q1 Results AMD's Next Leg Higher Has Already Started AMD downgraded at Daiwa, firm says recent share price rise could 'moderate' Marvell in focus as AMD discloses stake
Mininyx Doodle/iStock via Getty Images The Department of Defense said Wednesday it signed a series of framework agreements with defense and technology companies aimed at expanding U.S. strike capacity, with a focus on lower-cost missiles that can be produced at scale. The agreements include partnerships with Anduril, CoAspire, Leidos ( LDOS ) and Zone 5 to develop the Low-Cost Containerized Missil...
Mininyx Doodle/iStock via Getty Images The Department of Defense said Wednesday it signed a series of framework agreements with defense and technology companies aimed at expanding U.S. strike capacity, with a focus on lower-cost missiles that can be produced at scale. The agreements include partnerships with Anduril, CoAspire, Leidos ( LDOS ) and Zone 5 to develop the Low-Cost Containerized Missiles program, as well as a separate arrangement with Castelion tied to hypersonic weapons. The effort reflects a broader shift toward incorporating newer, privately backed firms into the defense industrial base. Officials said the programs are intended to increase the volume of available munitions while reducing unit costs, responding to concerns about supply constraints in potential large-scale conflicts. Production targets and timeline Under the framework agreements, the department expects to procure more than 10,000 low-cost cruise missiles over a three-year period beginning in 2027. The agreements set preliminary pricing structures and are designed to transition into fixed-price production contracts following testing and evaluation. An experimentation campaign will begin in mid-2026, with test missiles to be acquired from participating companies. The results will inform a formal military assessment before full-scale procurement decisions are made. Separately, the department said it plans to move forward with a multi-year procurement contract for Castelion’s hypersonic missile system once testing is complete. That contract would cover a minimum annual purchase of 500 missiles over two years, with options to extend production for up to five additional years. New model for industry participation Defense officials emphasized that some participating companies are expected to reach production scale without direct government funding, relying instead on private capital investment. The approach marks a departure from traditional defense procurement models that typically involve si...
Investing.com -- LinkedIn is preparing to announce staff cuts on Wednesday, in the latest sign of continued restructuring across the technology sector.
Investing.com -- LinkedIn is preparing to announce staff cuts on Wednesday, in the latest sign of continued restructuring across the technology sector.