YORK, Pa., May 05, 2026 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the first quarter of 2026.
YORK, Pa., May 05, 2026 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the first quarter of 2026.
Today, the University of Southern California announced a transformational initiative that will leverage AI to accelerate innovation, breakthroughs and discovery across USC, including in the health sciences, security, business and the arts.
Today, the University of Southern California announced a transformational initiative that will leverage AI to accelerate innovation, breakthroughs and discovery across USC, including in the health sciences, security, business and the arts.
Microsoft (NASDAQ: MSFT) and other tech giants are investing heavily in artificial intelligence (AI) these days, and the big concern is that those budgets continue rising. There have already been concerns that AI investments won't pay off, and higher-than-expected investments only exacerbate those worries. When Microsoft reported earnings last week, its stock didn't surge. It wasn't because the co...
Microsoft (NASDAQ: MSFT) and other tech giants are investing heavily in artificial intelligence (AI) these days, and the big concern is that those budgets continue rising. There have already been concerns that AI investments won't pay off, and higher-than-expected investments only exacerbate those worries. When Microsoft reported earnings last week, its stock didn't surge. It wasn't because the company fell short of expectations. In fact, its growth rate was better than what analysts expected. Instead, the stock appeared to fall due to a significant increase in its forecast for capex this year. Image source: Getty Images. Continue reading
Meta Platforms (NASDAQ: META) recently reported earnings, and the stock hasn't been jumping on the news, despite achieving a fairly high growth rate. Although the business has been performing relatively well in recent quarters, with its growth rate consistently over 20%, that hasn't been enough to convince investors that it's worth investing in. There's been one concerning trend that's been emergi...
Meta Platforms (NASDAQ: META) recently reported earnings, and the stock hasn't been jumping on the news, despite achieving a fairly high growth rate. Although the business has been performing relatively well in recent quarters, with its growth rate consistently over 20%, that hasn't been enough to convince investors that it's worth investing in. There's been one concerning trend that's been emerging recently, as it has been spending more on its long-term growth opportunities, which may be hurting its appeal with growth investors . For a third consecutive quarter, its costs rose at a faster pace than its top line. Image source: Getty Images. Continue reading
Shale Giant Diamondback Is Boosting Oil Output "Immediately" On Soaring Prices With oil prices soaring to multi-year highs, it was only a matter of time: Diamondback Energy, one of the largest shale oil producers, announced it is boosting crude output in response to rising prices caused by the Iran war. The company that operates in the Permian Basin of West Texas and New Mexico is pumping more tha...
Shale Giant Diamondback Is Boosting Oil Output "Immediately" On Soaring Prices With oil prices soaring to multi-year highs, it was only a matter of time: Diamondback Energy, one of the largest shale oil producers, announced it is boosting crude output in response to rising prices caused by the Iran war. The company that operates in the Permian Basin of West Texas and New Mexico is pumping more than 520,000 barrels a day, 3% more than its original full-year guidance, and plans to sustains those levels, Chief Executive Officer Kaes Van’t Hof wrote in a letter to shareholders on Monday. “We believe there is a legitimate supply-demand imbalance and that the associated price signal is the catalyst to begin to grow production,” he wrote. “ Because of our positioning, our preparation and this price signal, we are bringing incremental barrels to the market immediately.” Van’t Hof’s comments come just days after supermajors Exxon Mobil and Chevron told investors they wouldn’t significantly alter production plans in response to the unprecedented war-drive disruption to Persian Gulf energy supplies. Exxon’s plan to raise Permian Basin output by 12% this year pre-dated the Iran war, while Chevron is sticking to plans to keep production from the region essentially flat. Diamondback CEO Kaes Van’t Hof However, now that one company has broken the seal, expect a rush to hike output across the US E&P sector. As Bloomberg notes, Diamondback isn’t the first shale specialist to see the Middle East conflict as an opportunity to bolster production. Billionaire Harold Hamm’s Continental Resources made a similar pledge last month. And who can blame them: crude futures are up by more than 50% since the war in Iran began in late February, and after all, when it comes to commodities, the age-old saying is that " the cure for high prices is high prices." Of course, with more output comes more capex: Diamondback is also is raising spending guidance by 4% this year to about $3.9 billion, with pl...
Meta Platforms on Tuesday sought to stave off an imminent EU order to allow rival AI chatbots free access to its social messaging site WhatsApp, as it presented its arguments to EU antitrust officials. Meta's request for Tuesday's closed hearing came after the European Commission last month sent the tech giant an additional charge sheet outlining its plan. It is part of an interim measure while...
Meta Platforms on Tuesday sought to stave off an imminent EU order to allow rival AI chatbots free access to its social messaging site WhatsApp, as it presented its arguments to EU antitrust officials. Meta's request for Tuesday's closed hearing came after the European Commission last month sent the tech giant an additional charge sheet outlining its plan. It is part of an interim measure while the EU enforcer continues its investigation into whether the company abuses its market power, which could result in a hefty fine.
The Wall Street Journal asked Hyundai Motor CEO José Muñoz if American car companies can make EVs to compete with Chinese ones. “It is impossible, unless they are subsidized by the government,” he said. The chances that the US government will do that are zero. It would have to hand out billions of dollars like ... Ford’s New EV Plan Already Doomed
The Wall Street Journal asked Hyundai Motor CEO José Muñoz if American car companies can make EVs to compete with Chinese ones. “It is impossible, unless they are subsidized by the government,” he said. The chances that the US government will do that are zero. It would have to hand out billions of dollars like ... Ford’s New EV Plan Already Doomed
Martin Janča/iStock via Getty Images IREN Limited ( IREN ) closed up over 8% on Monday ahead of the company’s Q3 '26 earnings report on Thursday, May 7th, after the bell. The stock has been through a lot of ups and downs over the past few months, be it due to no clear catalysts in sight and the less-than-ideal geopolitical situation. Seeking Alpha But the pattern broke on Friday, when IREN announc...
Martin Janča/iStock via Getty Images IREN Limited ( IREN ) closed up over 8% on Monday ahead of the company’s Q3 '26 earnings report on Thursday, May 7th, after the bell. The stock has been through a lot of ups and downs over the past few months, be it due to no clear catalysts in sight and the less-than-ideal geopolitical situation. Seeking Alpha But the pattern broke on Friday, when IREN announced the energization of its 1.4-gigawatt Sweetwater 1 data center site in Texas. The company successfully connected its bulk, high-voltage substation to the Texas power transmission grid through ERCOT. With Sweetwater 1 sitting within the broader 2-gigawatt Sweetwater Hub, the energization meaningfully de-risks the second-tranche timeline, especially given that the substation and grid interconnect work is now proven on the same site. The bears have long argued that IREN is a crypto company in an AI costume and that the operational depth required to run a hyperscale-grade campus is not in the company's DNA. But I think Sweetwater 1 directly contradicts that, because the mining heritage is what gave IREN the utility relationships, the land, and the in-house power engineering team that made this energization possible on schedule. According to the company’s Co-CEO, Daniel Roberts , “Delivering Sweetwater 1 substation energization on schedule reflects our disciplined execution, the strength of our supply chain relationships and the efficiency of our vertically integrated development model. It is another example of our ability to design and construct large-scale infrastructure reliably and at speed to meet market demand.” Price movement and investment thesis The peer group on Monday is also worth reading carefully. Nebius ( NBIS ) rallied over 14%, and CoreWeave ( CRWV ) was up another 5%, meaning IREN traded in sympathy with the neo-cloud peer group rather than on its own stock-specific news, which tells me that Sweetwater wasn’t completely priced in as a re-rating event. Among t...
IonQ CEO Peter Chapman frequently uses long-term commercialization timelines to anchor investor expectations. However, IonQ’s (IONQ) most critical metric is actually a specific hardware threshold: Algorithmic Qubit (AQ) capacity paired with two-qubit gate fidelity. While it is often obscured by quarterly cash burn figures, this underlying physics milestone is the primary driver of IonQ’s valuation...
IonQ CEO Peter Chapman frequently uses long-term commercialization timelines to anchor investor expectations. However, IonQ’s (IONQ) most critical metric is actually a specific hardware threshold: Algorithmic Qubit (AQ) capacity paired with two-qubit gate fidelity. While it is often obscured by quarterly cash burn figures, this underlying physics milestone is the primary driver of IonQ’s valuation. This analysis focuses on that specific metric.
It's a big year for Remedy Entertainment. Last year was marred by the ill-fated launch of the multiplayer shooter FBC: Firebreak , which was so disastrous it led to former CEO Tero Virtala stepping down from his position . Now, with the much-anticipated sequel Control Resonant slated for later in 2026, the studio's new boss Jean-Charles Gaudechon - who took over in March - is offering some reassur...
It's a big year for Remedy Entertainment. Last year was marred by the ill-fated launch of the multiplayer shooter FBC: Firebreak , which was so disastrous it led to former CEO Tero Virtala stepping down from his position . Now, with the much-anticipated sequel Control Resonant slated for later in 2026, the studio's new boss Jean-Charles Gaudechon - who took over in March - is offering some reassuring words about where Remedy is headed. Here's what Gaudechon had to say in a statement as part of Remedy's most recent business review : The gaming industry and market have always been dynamic, now more volatile than ever. As the industry searches … Read the full story at The Verge.
Aziz Shamuratov /iStock via Getty Images I last wrote about DMC Global ( BOOM ) a little over 18 months ago . At the time, October 2024, the stock was a compelling special situation investment. Trading in the mid-teens per share, I believed the stock was worth as much as $22 per share, with several catalysts in motion that could quickly push the stock toward this price target. These catalysts incl...
Aziz Shamuratov /iStock via Getty Images I last wrote about DMC Global ( BOOM ) a little over 18 months ago . At the time, October 2024, the stock was a compelling special situation investment. Trading in the mid-teens per share, I believed the stock was worth as much as $22 per share, with several catalysts in motion that could quickly push the stock toward this price target. These catalysts included activist investor involvement, including a $16.50 per share stalking horse bid from one of these activists, as well as management's own plans to review the possible divestiture of one or several of DMC Global's varied businesses. Data by YCharts Unfortunately, things didn't go as planned. Instead of surging towards my price target, BOOM instead zoomed lower, eventually falling to as low as $4.69 per share. However, with the stock experiencing a partial rebound in recent days, it seemed like a good time to reassess this situation. With this, let's take a look at the latest with DMC Global, and see whether it's worthwhile to get back on, or to remain on the sidelines. Recap and Recent Developments Despite its status at the time as a top takeover target among industrial stocks , this catalyst failed to take shape for DMC Global. First, the company's management walked back its plans to sell off its Arcadia Products architectural building products business and DynaEnergetics energy products business. In late 2024, other events, such as the exit of then-CEO Michael Kuta , also placed pressure on shares. BOOM stock finished the year lower, as these events, coupled with an analyst downgrade from Stifel analyst Stephen Gengaro, helped to establish a substantive bear case for shares. 2025 wasn't much better for DMC Global, or its shareholders. For one, Steel Connect, arguably began to capitalize on DMC's pullback, by offering new but lower unsolicited bids for the company . Then, the the 2025 Trump tariffs, coupled with other macro headwinds, let to a further decline in DMC Glob...
Productivity gains from artificial intelligence will probably result in more jobs being created than are lost, similar to what occurred after China joined the World Trade Organization, according to Torsten Slok of Apollo Global Management Inc. “Across the board, across industries, inputs on production have basically gone down, very similar to what we saw during the China shock,” Slok, Apollo’s chi...
Productivity gains from artificial intelligence will probably result in more jobs being created than are lost, similar to what occurred after China joined the World Trade Organization, according to Torsten Slok of Apollo Global Management Inc. “Across the board, across industries, inputs on production have basically gone down, very similar to what we saw during the China shock,” Slok, Apollo’s chief economist, said Tuesday on Bloomberg Television’s Surveillance . When input costs become cheaper, “there is more demand for the inputs,” he said, citing as an example rising employment and salaries for radiologists as AI makes it cheaper to read scans. Worries about labor disruption caused by AI are widespread. Nobel prize-winning economist Simon Johnson said he sees the potential for “ jobs with good pay ” disappearing, while OpenAI offered policy recommendations last month meant to help navigate an era of AI-fueled upheaval. Still, others expect a positive impact. Bundesbank President Joachim Nagel told students in Germany in March that European companies using AI extensively have mostly reported they’re hiring workers. The decline in so-called input costs mirrors the aftermath of China joining the WTO in 2001 , Slok said. Goods coming from China became cheaper, which in turn reduced the expense of producing goods in the US — and economic activity picked up, he said. “The unemployment rate didn’t go up,” Slok said. But the spread of AI will cause pain in parts of the economy, Slok acknowledged, particularly in programming and parts of the software industry. The China lesson applies here, too. “It did create some very regional specific shocks in the manufacturing sectors in the US,” Slok said. “They certainly could not compete, with US, with Chinese production and US production at the same time.” (This story was produced with the assistance of Bloomberg Automation.)
The S&P 500 (^GSPC) heads into Tuesday with momentum after a powerful rebound last month in which the broader markets advanced 9%. A pullback in crude oil and first-quarter earnings beats are driving today’s gains as the markets embrace a reprieve in the Mideast escalation. The S&P 500 (^GSPC) is capturing those tailwinds for gains ... S&P 500 Rises on Big Tech Bump, Corporate Profits and Oil Pric...
The S&P 500 (^GSPC) heads into Tuesday with momentum after a powerful rebound last month in which the broader markets advanced 9%. A pullback in crude oil and first-quarter earnings beats are driving today’s gains as the markets embrace a reprieve in the Mideast escalation. The S&P 500 (^GSPC) is capturing those tailwinds for gains ... S&P 500 Rises on Big Tech Bump, Corporate Profits and Oil Price Relief
Getty Images Thesis Lululemon has become a battleground stock between value investors and those fearing a permanent growth slowdown. The company's historical growth rate has been nothing short of exceptional, but investors still question whether some semblance of that growth rate can be maintained going forward. In my opinion, this is the real question that matters: Do Lululemon clothes still make...
Getty Images Thesis Lululemon has become a battleground stock between value investors and those fearing a permanent growth slowdown. The company's historical growth rate has been nothing short of exceptional, but investors still question whether some semblance of that growth rate can be maintained going forward. In my opinion, this is the real question that matters: Do Lululemon clothes still make you feel something? Everything else is noise. As long as that feeling is still there, the company will adapt and figure out a way to continue growing. When I think of Lululemon and that question, I am reminded of Starbucks after its initial hyper growth phase. Investors focused heavily on slowing unit growth, while underestimating the staying power of a brand that had become part of consumers’ daily routines and self-image. To my observations, both men and women want to be seen in Lululemon clothing. That hasn't changed no matter how much people try to convince me Alo and Vuori are the new 'it' brands. Combined they aren't even 1/10th the size of Lululemon, plus they aren't even performance apparel brands. They are lifestyle apparel brands. Lululemon still reigns supreme and Wall Street is underestimating the durability of its brand, product, and future growth. I strongly believe the company share's are worth about $265 each and the market will reflect that by a few years. At the current stock price of $130 per share, Lululemon represents a classic 50¢ dollar stock - a stock that is temporarily trading at half it's fair value, and in a sane market, can be expected to double in two to three years. With that being said, let's get ourselves up to speed with the latest... The Current State of The Business There have been four key developments since 2025 that have driven uncertainty in the company's future (and stock price). CEO Change In 2025, US sales stalled and ultimately, in December, longtime CEO Calvin McDonald announced he would step down effective January 2026. In Apri...
On May 4, 2026, Yong Rong (HK) Asset Management Ltd disclosed in a Securities and Exchange Commission (SEC) filing that it sold its entire 5,000,000-share stake in Webull Corporation (NASDAQ:BULL) , an estimated $32.39 million transaction based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated May 4, 2026, Yong Rong (HK) Asset Management Ltd sold it...
On May 4, 2026, Yong Rong (HK) Asset Management Ltd disclosed in a Securities and Exchange Commission (SEC) filing that it sold its entire 5,000,000-share stake in Webull Corporation (NASDAQ:BULL) , an estimated $32.39 million transaction based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated May 4, 2026, Yong Rong (HK) Asset Management Ltd sold its entire 5,000,000-share stake in Webull Corporation. The estimated transaction value was $32.39 million, calculated using the average unadjusted closing price over the first quarter. The quarter-end position value dropped by $38.85 million, which includes both trading and market price effects. The fund sold out of Webull Corporation, reducing its stake from 11.8% of AUM in the previous quarter to zero; post-trade, the position represents none of AUM. Continue reading
An articulated truck caught fire inside the undersea tunnel of the Hong Kong–Zhuhai–Macau Bridge forcing the temporary closure of city-bound lanes and disrupting traffic on Tuesday evening. The blaze was reported before 8pm in the tunnel tube of the 55km (34.17 miles) cross-border bridge. Video footage showed flames beneath the cargo truck and thick smoke filling the tunnel. The city’s Transport D...
An articulated truck caught fire inside the undersea tunnel of the Hong Kong–Zhuhai–Macau Bridge forcing the temporary closure of city-bound lanes and disrupting traffic on Tuesday evening. The blaze was reported before 8pm in the tunnel tube of the 55km (34.17 miles) cross-border bridge. Video footage showed flames beneath the cargo truck and thick smoke filling the tunnel. The city’s Transport Department announced soon after that all Hong Kong-bound lanes were closed, leaving only one lane...