Cost Of California's High-Speed Rail Goes Up Again Authored by Kerry Johnson via Pacific Research Institute for Public Policy , It was supposed to cost $33 billion when voters approved the train in 2008. It will now cost at least $126 billion. It was also supposed to be carrying 65.5 million to 96.5 million intercity riders a year by 2030. Yet now 2040 is the date for “ full service to start .” Sk...
Cost Of California's High-Speed Rail Goes Up Again Authored by Kerry Johnson via Pacific Research Institute for Public Policy , It was supposed to cost $33 billion when voters approved the train in 2008. It will now cost at least $126 billion. It was also supposed to be carrying 65.5 million to 96.5 million intercity riders a year by 2030. Yet now 2040 is the date for “ full service to start .” Skeptics don’t believe we’ll ever see the train run with paying customers aboard. “In my judgment, the Draft 2026 Business Plan describes a project that has reached a dead end,” says Louis S. Thompson, a 15-year member of the California High Speed Rail Peer Review Group that was established by legislation. In a letter to lawmakers, Thompson, who was also on the team that created Amtrak, said that after so many changes in the project—cost, design revisions, longer estimated trip times—it’s “not, not even remotely, the system the voters approved in Proposition 1A” in 2008. Early last year, Gov. Gavin Newsom, that “ Steel Driving Man ,” promised there soon would be some visible manifestation of the train’s “progress.” A few months later, HSRA CEO Ian Choudri promised, “ We are going to be laying high speed tracks next year .” The HSRA “expects to achieve several other procurement milestones in 2026,” but not track laying and there is no hard deadline for it to begin to be found in the plan. There is only a three-and-a-half-year timeline, which starts in July for the “Track & Systems Design & Construction” of the first section in the Central Valley. In other words, the HSRA has provided itself cover should it fall short of its 2026 promise. California’s perpetually unfolding mess has caught the attention of the editorial board of a newspaper one state over after a recent “60 Minutes” report “shined the spotlight on what has become the most embarrassing and costly government infrastructure boondoggle in US history.” “Has there ever been a greater fraud perpetrated on the taxpayers...
Globus Medical ( GMED ) erased its post-market gains on Friday as the stock plunged over 8% despite reporting better-than-expected first-quarter results. Shares of the firm were down 8.26% to $78.04 during early trading hours. GMED had jumped as much as 7% during aftermarket trading on Thursday. The Pennsylvania-based firm reported adjusted per share earnings of $1.12. GAAP net income for the peri...
Globus Medical ( GMED ) erased its post-market gains on Friday as the stock plunged over 8% despite reporting better-than-expected first-quarter results. Shares of the firm were down 8.26% to $78.04 during early trading hours. GMED had jumped as much as 7% during aftermarket trading on Thursday. The Pennsylvania-based firm reported adjusted per share earnings of $1.12. GAAP net income for the period rose 64.7% Y/Y to $124.3M. The increase in GAAP net income was primarily driven by higher sales of $161M, with the sales from the acquisition of Nevro contributing $82.7M, the company said. Revenue jumped 27% to $759.9M in the quarter. U.S. net sales for the first quarter increased by 25% year-on-year, while international net sales increased by 35.6%. “In the first quarter, US Spine continued to lead the way in growth for the organization, posting the third straight 10% growth quarter when compared to the same quarter of the prior year. This, paired with growth across all of our significant underlying businesses, drove record first quarter GAAP and non-GAAP net income and diluted earnings per share,” said Kyle Kline, chief financial officer. Globus raised its full-year GAAP EPS guidance to be in the range of $4.70 to $4.80. The firm reaffirmed its revenue guidance to be in the range of $3.18B to $3.22B. Adjusted gross profit margin is projected to fall in the range of 69% to 70% in 2026. The stock has logged losses for four sessions in a row. On Thursday, GMED closed 4.65% lower ahead of the release of its Q1 results. On a YTD basis, it has declined by over 9%. More on Globus Medical Globus Medical, Inc. (GMED) Q1 2026 Earnings Call Transcript Globus Medical: Great Value, Momentum, And Earnings Growth Globus Medical, Inc. (GMED) Q4 2025 Earnings Call Transcript Globus Medical targets 2026 non-GAAP EPS of $4.70-$4.80 while reaffirming $3.18B-$3.22B revenue guidance Globus Medical Non-GAAP EPS of $1.12 beats by $0.20, revenue of $759.9M beats by $19.07M
P_Wei Blackrock ( BLK ) moved nearly $124.4M worth of Bitcoin ( BTC-USD ) and Ethereum ( ETH-USD ) to wallets linked with Coinbase ( COIN ) on Friday. This institutional transfer came as the crypto market slipped deeper into a risk-off mood amid crypto ETF outflows, liquidation, and the ongoing US-Iran war. On-chain data from Arkham Intel and Onchain Lens showed BlackRock transferred 1.2K BTC wort...
P_Wei Blackrock ( BLK ) moved nearly $124.4M worth of Bitcoin ( BTC-USD ) and Ethereum ( ETH-USD ) to wallets linked with Coinbase ( COIN ) on Friday. This institutional transfer came as the crypto market slipped deeper into a risk-off mood amid crypto ETF outflows, liquidation, and the ongoing US-Iran war. On-chain data from Arkham Intel and Onchain Lens showed BlackRock transferred 1.2K BTC worth around $98.2M and 11.5K ETH valued near $26.3M while BTC traded close to ~$80K and ETH near ~$2.29K. BlackRock moved BTC and ETH to Coinbase (Arkham Intelligence) The large exchange deposits immediately caught traders’ attention because such wallet movements are often considered a sign of potential selling pressure or OTC positioning by institutional investors. The timing became more important because the company has emerged as one of the biggest drivers of crypto ETF flows this year. In Q1, the company generated $130B in total net inflows , including a record $132B in ETF inflows led by strong demand for bond, equity, and active ETFs. The market weakness spread across crypto-linked equities, with MARA Holdings ( MARA ) down 2%, Coinbase ( COIN) falling 2%, Robinhood ( HOOD) slipping 1%, and Palantir Technologies ( PLTR) losing 1.45%. However, BlackRock maintained its Q1 earnings and revenue growth momentum as shares gained 1.16% to $1.08K. More on BlackRock, Bitcoin USD, etc. U.S. Dollar Debasement - What Our Assets Are Actually Worth Cryptoassets At A Crossroads: Volatility, Adoption, And Changing Investor Perspectives Bitcoin Price Outlook: Why A Close Above $82,133 Is Needed To Resume The Bull Run White House aims for July 4 passage of Clarity Act, crypto adviser says BlackRock Asia private credit fund at test after China loan turns sour - report
tiero/iStock via Getty Images Micron Technology, Inc. ( MU ) shares have gone absolutely vertical over the last month as AI stocks have rebounded sharply on optimism that data center build-outs are chugging along as planned. While MU has certainly already experienced its fair share of gains and then some, I think there's more gas left in the tank. Data by YCharts In my last piece on MU back on Apr...
tiero/iStock via Getty Images Micron Technology, Inc. ( MU ) shares have gone absolutely vertical over the last month as AI stocks have rebounded sharply on optimism that data center build-outs are chugging along as planned. While MU has certainly already experienced its fair share of gains and then some, I think there's more gas left in the tank. Data by YCharts In my last piece on MU back on April 1st, I discussed the stock's prospects in light of ongoing DRAM and NAND shortages and re-iterated a Buy rating in the wake of a 20% sell-off from highs. Shares have since gained 90% in just about a month relative to 12.6% for the S&P 500 ( SPY ). That article can be read here . First off, holy cow. MU is now up a whopping 660% over the last 12 months as AI demand for DRAM and SSDs has sent prices, and the stock, soaring with no end yet in sight. I've seen many folks pondering whether this is the peak and whether the time to sell is nigh. I've also seen folks lamenting that they didn't buy in earlier, but now it's too late because you can't possibly buy a stock that's gone up this much already... right? Well, I say that sentiment is silly—we should judge a stock based on its current merits regardless of previous recent price movements. The obvious question then becomes: is MU still worth buying? The answer to this, as it always does with memory, lies with supply and demand. The supply shortage that has rocked the market has sent average selling prices ("ASPs") through the roof, sold-out capacity through 2027 in some cases, and forced data center operators to dig deep to continue building out infrastructure. And it's only getting worse. As I mentioned in a previous article, it's not just the demand spike that's disrupting the market, but also the fact that we had just exited a severe memory downcycle that caused extremely low capacity utilization. So we basically had the most powerful secular demand trend in memory's history coupled with a minimal supply regime. Hence, su...
tiero/iStock via Getty Images Micron Technology, Inc. ( MU ) shares have gone absolutely vertical over the last month as AI stocks have rebounded sharply on optimism that data center build-outs are chugging along as planned. While MU has certainly already experienced its fair share of gains and then some, I think there's more gas left in the tank. Data by YCharts In my last piece on MU back on Apr...
tiero/iStock via Getty Images Micron Technology, Inc. ( MU ) shares have gone absolutely vertical over the last month as AI stocks have rebounded sharply on optimism that data center build-outs are chugging along as planned. While MU has certainly already experienced its fair share of gains and then some, I think there's more gas left in the tank. Data by YCharts In my last piece on MU back on April 1st, I discussed the stock's prospects in light of ongoing DRAM and NAND shortages and re-iterated a Buy rating in the wake of a 20% sell-off from highs. Shares have since gained 90% in just about a month relative to 12.6% for the S&P 500 ( SPY ). That article can be read here . First off, holy cow. MU is now up a whopping 660% over the last 12 months as AI demand for DRAM and SSDs has sent prices, and the stock, soaring with no end yet in sight. I've seen many folks pondering whether this is the peak and whether the time to sell is nigh. I've also seen folks lamenting that they didn't buy in earlier, but now it's too late because you can't possibly buy a stock that's gone up this much already... right? Well, I say that sentiment is silly—we should judge a stock based on its current merits regardless of previous recent price movements. The obvious question then becomes: is MU still worth buying? The answer to this, as it always does with memory, lies with supply and demand. The supply shortage that has rocked the market has sent average selling prices ("ASPs") through the roof, sold-out capacity through 2027 in some cases, and forced data center operators to dig deep to continue building out infrastructure. And it's only getting worse. As I mentioned in a previous article, it's not just the demand spike that's disrupting the market, but also the fact that we had just exited a severe memory downcycle that caused extremely low capacity utilization. So we basically had the most powerful secular demand trend in memory's history coupled with a minimal supply regime. Hence, su...
A new documentary at Cannes film festival looks at the French footballer’s five turbulent and triumphant seasons in Manchester – and the love story between him and manager Alex Ferguson It was 30 years ago this weekend that Eric Cantona struck an audacious volley from the edge of the penalty area to win the 1996 FA Cup final. For his team, Manchester United, it meant triumph over their fiercest ri...
A new documentary at Cannes film festival looks at the French footballer’s five turbulent and triumphant seasons in Manchester – and the love story between him and manager Alex Ferguson It was 30 years ago this weekend that Eric Cantona struck an audacious volley from the edge of the penalty area to win the 1996 FA Cup final. For his team, Manchester United, it meant triumph over their fiercest rivals Liverpool and an unprecedented second league and cup double. But for Cantona himself, it capped one of the most remarkable comeback stories in the history of the Premier League – one that has now been turned into a feature film set to take Cannes by storm. Cantona is directed by duo David Tryhorn and Ben Nicholas, the only British directors to be part of the prestigious film festival’s official selection this year. With cinematic flair, it paints a portrait of one of football’s most singular personalities through the lens of his five turbulent and triumphant seasons in Manchester. We are treated to his sublime goals and trademark philosophical quotes, as well as flashbacks to his tempestuous early career in France, in which he berated the national team manager as “incompetent”, faced suspension from his club Marseille and even quit the sport altogether for a time. Continue reading...
(RTTNews) - Stocks have moved mostly higher during trading on Friday, more than offsetting the pullback seen over the course of the previous session. The tech-heavy Nasdaq has led the way higher, reaching a new record intraday high along with the S&P 500.
(RTTNews) - Stocks have moved mostly higher during trading on Friday, more than offsetting the pullback seen over the course of the previous session. The tech-heavy Nasdaq has led the way higher, reaching a new record intraday high along with the S&P 500.
Covista ( CVSA ) posted strong quarterly results and raised its annual guidance on the back of higher student enrollment , sending shares up over 12% on Friday. Total student enrollment for the quarter was 100,585, up 6.8% year-over-year. “Total enrollment turned positive ahead of plan, and we expect Q4 to look like Q3 with momentum building into the fall enrollment cycle. We're not declaring vict...
Covista ( CVSA ) posted strong quarterly results and raised its annual guidance on the back of higher student enrollment , sending shares up over 12% on Friday. Total student enrollment for the quarter was 100,585, up 6.8% year-over-year. “Total enrollment turned positive ahead of plan, and we expect Q4 to look like Q3 with momentum building into the fall enrollment cycle. We're not declaring victory on a single quarter of 0.5% enrollment growth, but we are telling you that the operating model is working and the trajectory ahead is stronger than the trailing numbers suggest,” said CEO Stephen Beard. The company, which provides healthcare education, raised its revenue guidance for FY26 from a range of $1,900 million to $1,940 million, or about 6% to 8.5% growth year-over-year, to a range of $1,930 million to $1,945 million, or nearly 8% to 9% growth year-over-year. Covista also raised its adjusted earnings per share guidance from a previous range of $7.80 to $8.00 to between $7.95 and $8.15. For the third quarter, revenue stood at $487 million, up 4.5% year-over-year, beating estimates by $13.01M. Adjusted EPS of $1.98 beat consensus by $0.26. More on Covista Covista Inc. (CVSA) Q3 2026 Earnings Call Transcript Covista Inc. 2026 Q3 - Results - Earnings Call Presentation Covista: Tech-Enabled Education In Tandem With Enrollment Covista signals FY2026 adjusted EPS of $7.95-$8.15 while raising revenue outlook to $1.93B-$1.945B Covista Non-GAAP EPS of $1.98 beats by $0.26, revenue of $487.03M beats by $13.01M
Prospect Capital ( PSEC ) declares $0.035/share monthly dividend . Forward yield 17.21% Payable June 18; for shareholders of record May 27; ex-div May 27. Seeking Alpha See PSEC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Prospect Capital Prospect Capital: The 8% Yielding Preferreds Are The Only Reasonable Prospect Prospect Capital: A NAV Revaluation Play Prospect Capital Corporati...
Prospect Capital ( PSEC ) declares $0.035/share monthly dividend . Forward yield 17.21% Payable June 18; for shareholders of record May 27; ex-div May 27. Seeking Alpha See PSEC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Prospect Capital Prospect Capital: The 8% Yielding Preferreds Are The Only Reasonable Prospect Prospect Capital: A NAV Revaluation Play Prospect Capital Corporation (PSEC) Q2 2026 Earnings Call Transcript Prospect Capital Q3 net investment income beats, but interest income disappoints Insider trades: Oracle, Goldman Sachs, Reddit among notable names
Robert Way/iStock Editorial via Getty Images JinkoSolar ( JKS ) up 5.2% in Friday's trading after saying it agreed to sell a 75.1% stake in its U.S. subsidiary to clean energy-focused private equity firm FH Capital; JinkoSolar will retain a 24.9% minority interest. JinkoSolar ( JKS ) said the deal marks the transition to new controlling ownership of its 2 GW solar module manufacturing facility in ...
Robert Way/iStock Editorial via Getty Images JinkoSolar ( JKS ) up 5.2% in Friday's trading after saying it agreed to sell a 75.1% stake in its U.S. subsidiary to clean energy-focused private equity firm FH Capital; JinkoSolar will retain a 24.9% minority interest. JinkoSolar ( JKS ) said the deal marks the transition to new controlling ownership of its 2 GW solar module manufacturing facility in Florida and a growing battery energy storage systems business. FH Capital said it will provide additional capital to at least double the current solar module production capacity and initiate domestic battery energy storage system manufacturing. " The transaction leverages JinkoSolar's well-established seven-year U.S. manufacturing presence, proven technology, and strong relationships with blue-chip U.S. customers, with FH Capital's capabilities to create and manage a dynamic platform positioned to meet rising demand for domestic solar and storage solutions," FH Capital Managing Partner Sanjeev Chaurasia said. More on JinkoSolar JinkoSolar Q1 2026 Earnings Call Presentation JinkoSolar: Post-Earnings Weakness, Same Old Risks JinkoSolar: Facing A Double-Edged Sword
Victoria Atkins accused him of abandoning friendship and said they had not spoken since he defected to Reform The rancorous relationship between Robert Jenrick and his former colleagues in the Conservative party was aired on live TV on Friday when an MP who backed his leadership bid accused him of abandoning their friendship. Victoria Atkins, the shadow environment secretary, revealed live on the ...
Victoria Atkins accused him of abandoning friendship and said they had not spoken since he defected to Reform The rancorous relationship between Robert Jenrick and his former colleagues in the Conservative party was aired on live TV on Friday when an MP who backed his leadership bid accused him of abandoning their friendship. Victoria Atkins, the shadow environment secretary, revealed live on the BBC’s local election programme that she has not spoken to Robert Jenrick since he defected to Reform in January. Continue reading...
Archaeologists continue to use DNA analysis to identify the recovered remains of the doomed crew members of Captain Sir John S. Franklin' s 1846 Arctic expedition to cross the Northwest Passage. They can now add four more names to the list of previously identified crew members. The findings were reported in two papers, one published in the Journal of Archaeological Science and the other in the Pol...
Archaeologists continue to use DNA analysis to identify the recovered remains of the doomed crew members of Captain Sir John S. Franklin' s 1846 Arctic expedition to cross the Northwest Passage. They can now add four more names to the list of previously identified crew members. The findings were reported in two papers, one published in the Journal of Archaeological Science and the other in the Polar Record. As we've reported previously , Franklin’s two ships, the HMS Erebus and the HMS Terror , became icebound in the Victoria Strait, and all 129 crew members ultimately died. It has been an enduring mystery that has captured imaginations ever since. The expedition set sail on May 19, 1845, and was last seen in July 1845 in Baffin Bay by the captains of two whaling ships. Historians have compiled a reasonably credible account of what happened: The crew spent the winter of 1845–1846 on Beechey Island, where the graves of three crew members were found. When the weather cleared, the expedition sailed into the Victoria Strait before getting trapped in the ice off King William Island in September 1846. Franklin died on June 11, 1847, per a surviving note signed by Fitzjames dated the following April. HMS Erebus Captain James Fitzjames had assumed overall command after Franklin’s death, leading 105 survivors from their ice-trapped ships. It’s believed that everyone else died while encamped for the winter or while attempting to walk back to civilization. Read full article Comments