dem10/iStock via Getty Images By Ruben Dewitte , Economist and Peter Vanden Houte , Chief Economist, Belgium, Luxembourg, Eurozone US productivity pulls decisively ahead of the eurozone As we discussed in a previous article, eurozone GDP growth has increasingly been held back by weak labour productivity growth. What stands out is not just the recent softness but a long‑running slowdown that has be...
dem10/iStock via Getty Images By Ruben Dewitte , Economist and Peter Vanden Houte , Chief Economist, Belgium, Luxembourg, Eurozone US productivity pulls decisively ahead of the eurozone As we discussed in a previous article, eurozone GDP growth has increasingly been held back by weak labour productivity growth. What stands out is not just the recent softness but a long‑running slowdown that has been far more pronounced in Europe than in the US. In 1995, output per hour, measured in purchasing power parity-adjusted dollars, was virtually identical on both sides of the Atlantic. By 2019, however, the eurozone was already lagging the US by 18%, according to an ECB study. Since then, the gap has widened further, as eurozone productivity decelerated sharply relative to its pre‑pandemic trend at the end of 2025, while US productivity growth is accelerating. US labour productivity accelerates while eurozone productivity stagnates Sources: Eurostat, Chicago Fed QILP and BEA, ING Economic Research Notes: Eurozone data covers the whole economy until Q4 2025, US data covers total nonfarm (but including forestry and fishing) till Q2 2025. Average productivity hides large sectoral differences Of course, average labour productivity per hour can hide important underlying dynamics. Average productivity growth can be seen as coming from two sources: firms becoming more efficient within sectors (with changes in economically larger sectors being more important for overall productivity growth), and workers moving into sectors where productivity is higher. Within sectors, recent data reveal large differences in labour productivity growth between the US and the eurozone. In the US, productivity gains have been broad‑based and particularly strong in agriculture, real estate, and information and communication services, while eurozone productivity growth has been much weaker and, in some cases, negative. Moreover, whereas during 2014-19 the three fastest‑growing sectors accounted for around...
(RTTNews) - Japanese trading and investment major Mitsui & Co., Ltd. (MITSF.PK, MITSY.PK, 8031.T) reported Friday lower profit and revenues for fiscal 2026. Further, the company issued fiscal 2027 outlook, expecting higher earnings.
(RTTNews) - Japanese trading and investment major Mitsui & Co., Ltd. (MITSF.PK, MITSY.PK, 8031.T) reported Friday lower profit and revenues for fiscal 2026. Further, the company issued fiscal 2027 outlook, expecting higher earnings.
da-kuk/iStock via Getty Images I mark a Hold rating (to avoid new long-positions) on Credo Technology Group ( CRDO ) stock. At 53x forward P/E , Wall Street is (erroneously) pricing CRDO stock as an invincible AI fabric-software single-seller instead of a cyclical hardware seller. My Hold/Avoid thesis is based on a possible long-term margin compression and hard single-buyer risk. Integrating DustP...
da-kuk/iStock via Getty Images I mark a Hold rating (to avoid new long-positions) on Credo Technology Group ( CRDO ) stock. At 53x forward P/E , Wall Street is (erroneously) pricing CRDO stock as an invincible AI fabric-software single-seller instead of a cyclical hardware seller. My Hold/Avoid thesis is based on a possible long-term margin compression and hard single-buyer risk. Integrating DustPhotonics leads Credo into the commoditized lower-margin optical transceiver arena that may end up as gross margin decay from the current 68.6% peak . More so, 88% of revenue is concentrated in 3 hyperscalers. That factor is building a big problematic business trap as competitors like Amazon ( AMZN ) move toward Marvell ( MRVL ) and Astera Labs ( ALAB ) for custom AI infrastructure. Lastly, outstandingly bad share-based compensation masks true negative profitability, when sequential revenue growth is sharply decelerating from 52% to below 10% . The main upside risk to the bearish thesis is if Credo’s Linear Receive Optics [LRO] completely takes over Nvidia's ( NVDA ) NVL576 scale-out interconnects or if OmniConnect memory gearboxes trigger an unmodeled hyper-growth trend. What Can Take Credo’s Stock Price Higher? Before the Hold/Avoid thesis, I am explaining the bull thesis for CRDO. Wall Street is extrapolating a blend of tech-factors to back Credo’s 23.4x forward EV/Sales multiple, in my opinion. These factors are solid, but I am observing that they are already fully/excessively priced-in. I want to start with Credo’s OmniConnect and the Scale-In single-seller status. Considering Credo's stock price growth, Wall Street loves its expansion from Scale-Out (rack-to-rack) into Scale-In (compute-to-memory). Through the OmniConnect Weaver gearbox, Credo converts 112G/224G VSR SerDes to DDR. By doing this, Weaver bypasses traditional LPDDR5X physical fan-out caps and marks a 10x boost in I/O beachfront density and a 20x expansion in memory capacity (up to 5.8TB). Bulls are assumi...
Drew Angerer/Getty Images News NIO ( NIO ) delivered 29,356 vehicles in April 2026, marking a 22.8% increase year-over-year, though volume cooled 17.3% sequentially from March’s record highs. The monthly total included 19,024 units from the flagship NIO brand, 5,352 from the family-centric ONVO, and 4,980 from the small high-end FIREFLY brand. Despite the monthly softening, year-to-date deliveries...
Drew Angerer/Getty Images News NIO ( NIO ) delivered 29,356 vehicles in April 2026, marking a 22.8% increase year-over-year, though volume cooled 17.3% sequentially from March’s record highs. The monthly total included 19,024 units from the flagship NIO brand, 5,352 from the family-centric ONVO, and 4,980 from the small high-end FIREFLY brand. Despite the monthly softening, year-to-date deliveries have surged 71.0% to 112,821 units as the company’s multi-brand strategy gains traction. Cumulative deliveries for the Shanghai-based EV pioneer officially crossed the 1.11 million mark as of April 30. On the product front, the NIO All-New ES8 reached a milestone of 100,000 deliveries in just 215 days, a record for premium SUVs priced above RMB 400,000 in China. Looking ahead, the company began pre-sales for its executive ES9 flagship on April 9, followed by the April 28 pre-sale launch of the ONVO L80, a large five-seat SUV targeting the family market with industry-leading storage capacity. More on NIO NIO: Discounted EV Winner - Bottom-Line Reversal In Progress NIO: Favorable Catalyst Landscape NIO: Major Inflection Point ON Semiconductor, Nio expand pact to accelerate 900V EV platform rollout Beijing Auto Show: Is the U.S. running out of road to compete with China?
Earnings Call Insights: Stryker (SYK) Q1 2026 Management View "The cyber incident had a big impact on our results" and "resulted in distortions in our first quarter results that will normalize over the course of the year," said (Chairman & CEO Kevin Lobo), adding, "this situation will not enable us to provide the normal level of detail or explanations that you are accustomed to hearing from us." "...
Earnings Call Insights: Stryker (SYK) Q1 2026 Management View "The cyber incident had a big impact on our results" and "resulted in distortions in our first quarter results that will normalize over the course of the year," said (Chairman & CEO Kevin Lobo), adding, "this situation will not enable us to provide the normal level of detail or explanations that you are accustomed to hearing from us." "As of the week of April 1, we were fully operational across our global manufacturing network as we continue to meet demand and support patient care," said (Chairman & CEO Kevin Lobo), after noting the incident "occurred late in the quarter and resulted in a global disruption to our business operations." "For the first quarter, organic sales growth was 2.4%" with "1.9% in the U.S. and 3.9% internationally," said (Chairman & CEO Kevin Lobo), while stating, "we are maintaining our full year guidance" despite the cyber incident impact. "We recently announced the agreement to acquire Amplitude Vascular Systems" and "expect to close in the second quarter," said (Chairman & CEO Kevin Lobo), adding that the acquisition "will help expand treatment options for our peripheral vascular customers" and is "a step toward expanding our presence in the broader cardiovascular space." "At the beginning of Q1, we established our new Ortho Tech business" to "simplify the customer experience, accelerate innovation and increase our speed to market," said (Chairman & CEO Kevin Lobo). "Finally, I'd like to thank Jason for his last 4 years as Vice President of Finance and Investor Relations" and "we look forward to Nick Mead assuming the role of VP and Investor Relations on May 1," said (Chairman & CEO Kevin Lobo). "Our capital order book remains elevated" and "we delivered our best ever Q1 for Mako installations both in the U.S. and internationally," said (VP and Group CFO of MedSurg & Neurotechnology Jason Beach), adding the company expects "sustained momentum from installations and utilization to...
(RTTNews) - Coles Group (COL.AX) reported that, for 12 weeks from 5 January to 29 March 2026, total Group sales revenue was A$10.70 billion, up 3.1% from last year. Supermarkets sales revenue was A$9.8 billion for the third quarter, up 4.0% with comparable sales increasing by 3.6
(RTTNews) - Coles Group (COL.AX) reported that, for 12 weeks from 5 January to 29 March 2026, total Group sales revenue was A$10.70 billion, up 3.1% from last year. Supermarkets sales revenue was A$9.8 billion for the third quarter, up 4.0% with comparable sales increasing by 3.6
Gen Z-founded AI tutoring startup, backed by $11M seed round, draws enterprise interest from Tencent and Xiaotiancai as viral momentum meets B2B demand SUNNYVALE, Calif., May 01, 2026 (GLOBE NEWSWIRE) -- VideoTutor, an AI tutoring startup founded by Gen Z entrepreneurs, today announced that VideoTutor-related content has surpassed 50 million cumulative views on TikTok, driven largely by organic st...
Gen Z-founded AI tutoring startup, backed by $11M seed round, draws enterprise interest from Tencent and Xiaotiancai as viral momentum meets B2B demand SUNNYVALE, Calif., May 01, 2026 (GLOBE NEWSWIRE) -- VideoTutor, an AI tutoring startup founded by Gen Z entrepreneurs, today announced that VideoTutor-related content has surpassed 50 million cumulative views on TikTok, driven largely by organic student sharing. The milestone follows the company's previously announced $11 million seed round from