The Motley Fool Money podcast panel spent a recent episode pushing back on the narrative that AI is about to gut enterprise software demand. The debate was sparked by ServiceNow (NYSE:NOW), which sank 14% following earnings despite beating expectations and raising guidance. ServiceNow’s Beat-and-Raise Quarter That Got Punished The panel framed the reaction as disconnected ... Analysts Push Back on...
The Motley Fool Money podcast panel spent a recent episode pushing back on the narrative that AI is about to gut enterprise software demand. The debate was sparked by ServiceNow (NYSE:NOW), which sank 14% following earnings despite beating expectations and raising guidance. ServiceNow’s Beat-and-Raise Quarter That Got Punished The panel framed the reaction as disconnected ... Analysts Push Back on SaaSpocalypse: Is ServiceNow a Screaming Buy?
A horrific train crash that killed 16 passengers on the outskirts of Jakarta has prompted Indonesia’s President Prabowo Subianto to pledge 4 trillion rupiah (US$230 million) to overhaul level crossings across Java after officials identified one such intersection as a key point in the chain collision. The pledge targets one of the key weaknesses in Indonesia’s rail network: crossings that are ungua...
A horrific train crash that killed 16 passengers on the outskirts of Jakarta has prompted Indonesia’s President Prabowo Subianto to pledge 4 trillion rupiah (US$230 million) to overhaul level crossings across Java after officials identified one such intersection as a key point in the chain collision. The pledge targets one of the key weaknesses in Indonesia’s rail network: crossings that are unguarded, poorly maintained or haphazardly created by local communities. Transport analysts said the...
The grid was built for a slower world. Tema Electrification ETF (NASDAQ:VOLT) exists because hyperscalers are now signing power contracts the size of mid-sized utilities, and the equipment makers serving them cannot keep up. The fund targets the picks-and-shovels of that buildout: turbine manufacturers, transformer suppliers, switchgear, AI compute, and the cloud platforms generating the ... VOLT ...
The grid was built for a slower world. Tema Electrification ETF (NASDAQ:VOLT) exists because hyperscalers are now signing power contracts the size of mid-sized utilities, and the equipment makers serving them cannot keep up. The fund targets the picks-and-shovels of that buildout: turbine manufacturers, transformer suppliers, switchgear, AI compute, and the cloud platforms generating the ... VOLT Investors: Here’s the One Signal That Predicts Your Returns This Year
Apple shares jumped 3% in premarket trading on Friday after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show of momentum as it prepares to hand over the reins to a new CEO. Its latest iPhone 17 Pro series and the newly launched low-cost MacBook Neo laptop are both drawing buyers at a time of low overall demand in the consumer electronics industry due ...
Apple shares jumped 3% in premarket trading on Friday after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show of momentum as it prepares to hand over the reins to a new CEO. Its latest iPhone 17 Pro series and the newly launched low-cost MacBook Neo laptop are both drawing buyers at a time of low overall demand in the consumer electronics industry due to price hikes forced by the memory chip shortage. Even though Apple's margins for the January-March quarter and its fiscal third-quarter forecast were above Wall Street estimates, outgoing CEO Tim Cook warned that higher memory costs would increasingly weigh on the business from June.
Bolivia ha sido una potencia minera desde la época colonial y, tiempo después, se convirtió en un exportador importante de gas natural. Ahora que emerge de dos décadas de régimen socialista, esta nación andina quiere convertirse en un destino turístico. El nuevo gobierno espera que la variada geografía del país, su rica historia y profundidad cultural le ayuden a atraer a viajeros extranjeros y, d...
Bolivia ha sido una potencia minera desde la época colonial y, tiempo después, se convirtió en un exportador importante de gas natural. Ahora que emerge de dos décadas de régimen socialista, esta nación andina quiere convertirse en un destino turístico. El nuevo gobierno espera que la variada geografía del país, su rica historia y profundidad cultural le ayuden a atraer a viajeros extranjeros y, de la mano, los dólares que la decaída economía boliviana necesita urgentemente. Sus paisajes ofrecen desde altas montañas nevadas hasta exuberantes selvas tropicales con gran biodiversidad. Hay asentamientos incas, pueblos de misiones jesuitas y una ciudad que en su día fue conocida como la capital mundial de la plata y que aún alberga una mina activa de 500 años de antigüedad. Y, por supuesto, está el Salar de Uyuni, una enorme planicie salina hogar de uno de los mayores depósitos de litio del mundo. El desarrollo de estos recursos será clave para la prosperidad futura del país. Pero convertirse en un actor del mercado de metales para baterías es un proyecto a largo plazo, por lo que la administración del presidente Rodrigo Paz espera que la industria turística pueda dar paso a una solución más rápida. El año pasado, Bolivia registró 1,1 millones de visitantes extranjeros y recaudó US$854 millones en ingresos por turismo, lo que representa algo menos del 5% del producto interno bruto. Tras dar el primer paso de elevar el turismo a categoría de ministerio de pleno derecho, el gobierno de Paz se ha fijado como objetivo alcanzar los 2,6 millones de visitantes y los US$3.000 millones en ingresos para 2030, con un aumento de la contribución del sector a la producción económica total al 7%. Janette Simbron, que dirige la empresa de turismo de lujo Bolivia Milenaria y cuenta con más de 30 años de experiencia en el sector, afirmó que es el momento adecuado para que el gobierno aproveche por fin el potencial del turismo. “La riqueza natural está aquí, tenemos los recursos naturales...
Chevron Corp. exceeded profit expectations as higher oil and natural gas prices, as well as supplies from the acquisition of Hess Corp., outweighed production outages from the Iran war. Adjusted first-quarter net income of $1.41 a share was 51 cents higher than the average estimate from analysts in a Bloomberg survey. Surging prices for crude and gas, combined with growth from Chevron’s new stake ...
Chevron Corp. exceeded profit expectations as higher oil and natural gas prices, as well as supplies from the acquisition of Hess Corp., outweighed production outages from the Iran war. Adjusted first-quarter net income of $1.41 a share was 51 cents higher than the average estimate from analysts in a Bloomberg survey. Surging prices for crude and gas, combined with growth from Chevron’s new stake in a giant Guyanese field, helped cushion the blow from a 5% sequential drop in overall output. Chevron already had warned that significant accounting losses on derivatives tied to cargoes that had yet to reach their destinations. Notoriously difficult to model, that guidance prompted some analysts to slash estimates, a factor that may have played into the magnitude of Friday’s beat. Chevron’s outsized earnings owed much to swelling prices for real-world oil from places such as Kazakhstan, as well as fat margins from processing the company’s own crude through refineries, Chief Financial Officer Eimear Bonner said in an interview. “Bottom line, execution exceeded expectations,” she said. BP Plc and TotalEnergies SE also exceeded forecasts when they reported earlier this week, boosted by strong trading results. Chevron bought back $2.5 billion of stock during the quarter, 16% less than the previous period and at an annual rate at the bottom of its annual $10 billion-to-$20 billion guidance range. Some analysts had speculated the company might increase repurchases. The company is loathe to boost buybacks based on the recent jump in energy prices and would need to see a more sustained rally to change course, Bonner said. “What we’d need to see is something more durable in the fundamental outlook, more of a structural price update for us to be making any adjustments,” the CFO said. “For now, we’re happy with where we are.” The $60 billion acquisition of Hess, combined with growing production from the US Gulf of Mexico and the Permian Basin, ensured that Chevron’s production was ...
Bolivia has stood out as a mining giant since the colonial era, and later became a major exporter of natural gas. As it emerges from two decades of socialist rule , the Andean nation is now looking to make its mark as a tourist destination. The new government is hoping the country’s diverse geography, rich history and cultural depth can help it attract foreign travelers and, with them, the dollars...
Bolivia has stood out as a mining giant since the colonial era, and later became a major exporter of natural gas. As it emerges from two decades of socialist rule , the Andean nation is now looking to make its mark as a tourist destination. The new government is hoping the country’s diverse geography, rich history and cultural depth can help it attract foreign travelers and, with them, the dollars Bolivia’s crumbling economy urgently needs. Its sites range from high, snowy mountains to lush, biodiverse rainforests. There are Inca settlements, Jesuit mission towns and a city once known as a global silver capital that’s still home to an active 500-year-old mine. And, of course, there’s the Salar de Uyuni — a massive salt flat that holds one of the world’s biggest lithium deposits. Developing that will be key to the country’s future prosperity. But seizing a significant chunk of the battery metal market is a long-term project, so President Rodrigo Paz ’s administration is hoping the travel industry can provide a quicker fix. Last year, Bolivia registered 1.1 million foreign visitors and took in $854 million in tourism income, representing just under 5% of gross domestic product. Having taken the initial step of elevating tourism to a full ministry, Paz’s government is targeting 2.6 million visitors and $3 billion in income by 2030, with the sector’s contribution to total economic output growing to 7%. Janette Simbron, who heads luxury tour company Bolivia Milenaria and has more than 30 years experience in the sector, said it’s the right moment for the government to finally seize on tourism’s potential. “The raw material is right there: the natural resources, the attractions and the iconic Uyuni salt flat,” she said. “However, if we don’t create the right conditions, we could end up killing the goose that lays the golden egg.” Hotel and ground transportation infrastructure will need to be expanded and improved. But the airline industry represents the biggest challenge, ...
Oneok (NYSE: OKE) recently reported robust first-quarter financial results. The energy midstream company delivered double-digit earnings growth, fueled by strong volumes. That enabled it to raise its full-year outlook. Here's a closer look at the pipeline stock 's first-quarter results and what it sees ahead. Image source: Getty Images. Continue reading
Oneok (NYSE: OKE) recently reported robust first-quarter financial results. The energy midstream company delivered double-digit earnings growth, fueled by strong volumes. That enabled it to raise its full-year outlook. Here's a closer look at the pipeline stock 's first-quarter results and what it sees ahead. Image source: Getty Images. Continue reading
Ares Management Corp. , facing a slump in dealmaking while navigating broader market turmoil, reported first-quarter earnings that missed Wall Street estimates even as wealthy clients helped fuel a record $30 billion of fundraising during the period. Realized income rose about a quarter from a year earlier to $502.7 million, or $1.24 a share on an after-tax basis, the Los Angeles-based alternative...
Ares Management Corp. , facing a slump in dealmaking while navigating broader market turmoil, reported first-quarter earnings that missed Wall Street estimates even as wealthy clients helped fuel a record $30 billion of fundraising during the period. Realized income rose about a quarter from a year earlier to $502.7 million, or $1.24 a share on an after-tax basis, the Los Angeles-based alternative asset manager said Friday in a statement. That missed the $1.33 average estimate of analysts surveyed by Bloomberg. Fee-related earnings of $464.4 million also fell short of expectations. Chief Executive Officer Mike Arougheti , meanwhile, said the firm is on track to beat its prior fundraising record this year. “We continue to see broad-based investor demand across our platform,” he said in the statement. “We also continue to see strong fundamental performance across our investment portfolios despite the volatile market environment.” Ares said assets under management surged about 18% from the prior year to $644.3 billion. Perpetual capital, funds that Ares may hold indefinitely, increased 39% to $215.3 billion from a year earlier, with almost $70 billion invested in funds for wealthy individuals. Shares of Ares tumbled 27% this year through Thursday, as private credit valuations have come under heightened scrutiny, with asset managers facing mounting investor concerns over lending standards broadly and their exposure to the software sector in particular. Read More: Ares Slashes Value of Three Clearlake-Owned Software Companies Ares attracted more investors into its strategy that buys secondhand private funds stakes, with assets increasing by 36% from the same quarter last year. The lack of exits in private equity funds has seen activity in such strategies surge. The firm posted positive returns across almost all of its credit strategies, with its alternative credit strategy a particular bright spot, returning 3.9% for the quarter. The private equity business continued to ...
ICA, London Jenna Bliss, Buck Ellison and Jasmine Gregory were born in the 80s and endured the financial crash as they set out as artists – their fury is intoxicating This is a bitter, resentful exhibition by a handful of bitter, resentful artists. Americans Jenna Bliss, Buck Ellison and Jasmine Gregory were born in the mid-1980s, coming of age in a world at its financial peak, but becoming adults...
ICA, London Jenna Bliss, Buck Ellison and Jasmine Gregory were born in the 80s and endured the financial crash as they set out as artists – their fury is intoxicating This is a bitter, resentful exhibition by a handful of bitter, resentful artists. Americans Jenna Bliss, Buck Ellison and Jasmine Gregory were born in the mid-1980s, coming of age in a world at its financial peak, but becoming adults just as the 2008 financial crash turned everything to crap. They saw a land of opportunity and boundless possibility, and then had it all kicked out from under them. Of course they’re resentful; we all should be. Jenna Bliss’s first video here sets the mood. Shaky, handheld images of the New York skyline and public artworks in the city’s financial district are overlaid with text such as “We survived Y2K but now the real world source code is malfunctioning” and “Save the banks to save us all”. That’s the vibe: millennial despair at a world built to keep the banks rich and the rest of us placid. Continue reading...
Jigar Shah, the former head of the Department of Energy’s Loan Programs Office and co-founder of Generate Capital, used his recent Prof G Markets appearance with Ed Elson to throw cold water on one of the loudest narratives in tech investing. The claim under attack is that hyperscalers can actually build the data center capacity ... Big Tech Is Making ‘Empty Promises’ on 500 Gigawatts of Data Cent...
Jigar Shah, the former head of the Department of Energy’s Loan Programs Office and co-founder of Generate Capital, used his recent Prof G Markets appearance with Ed Elson to throw cold water on one of the loudest narratives in tech investing. The claim under attack is that hyperscalers can actually build the data center capacity ... Big Tech Is Making ‘Empty Promises’ on 500 Gigawatts of Data Centers It Can’t Deliver