Canadian jet manufacturer Bombardier Inc. surged after it raised its cash flow outlook for this year and reported strong interest in its defense products. The company, which was on the brink of bankruptcy in 2020, said it plans to pay down another C$150 million ($110 million) in debt this year and is closing in on its leverage target. “Our debt is melting away,” Chief Executive Officer Eric Martel...
Canadian jet manufacturer Bombardier Inc. surged after it raised its cash flow outlook for this year and reported strong interest in its defense products. The company, which was on the brink of bankruptcy in 2020, said it plans to pay down another C$150 million ($110 million) in debt this year and is closing in on its leverage target. “Our debt is melting away,” Chief Executive Officer Eric Martel said. Shares of Bombardier were up 19% to C$285.41, the highest intraday level in more than 23 years. The company earned $1.81 per share on an adjusted basis in the first quarter, much higher than the 77 cents anticipated by analysts in Bloomberg survey. “As we’ve done in the past, when we have excess cash available on the balance sheet, we will look to deploy it — first toward debt retirement and then toward other investments,” Chief Financial Officer Bart Demosky told analysts. “We will have opportunities in the future as well to refinance at lower rates and continue to drive down interest expense.” In calls with analysts and journalists, executives wouldn’t rule out acquisitions in the aircraft services and defense sectors. It’s also possible the company will invest in increasing production capacity for its long-range Global models. Bombardier announced in January that it would build a new manufacturing center near Montreal to boost production of its smaller Challenger models. The company now expects free cash flow to exceed $1 billion this year. Its adjusted net debt to Ebitda ratio now stands at 1.8 times, nearing the 1.5 times target. (The acronym stands for earnings before interest, taxes, depreciation and amortization.) At the end of March, Bombardier’s order backlog was $20.3 billion, up 16% from a year ago, and its book-to-bill was 3.6 times. Vista Global Holding Ltd. ordered 40 Challenger 3500 aircraft in February , and earlier this month, Bond expanded its commitment for a new Bombardier fleet of more than 120 aircraft to $5 billion from $4 billion. General Dyn...
Manus, an AI company Meta acquired for $2 billion last year is running ads promising quick, easy money with AI: Find local businesses without websites or with bad websites, have AI build them one, then call them up and sell it to them. As part of the campaign, Manus was paying content creators to build out Instagram, YouTube, and TikTok accounts that promote its AI product as an easy, lucrative gi...
Manus, an AI company Meta acquired for $2 billion last year is running ads promising quick, easy money with AI: Find local businesses without websites or with bad websites, have AI build them one, then call them up and sell it to them. As part of the campaign, Manus was paying content creators to build out Instagram, YouTube, and TikTok accounts that promote its AI product as an easy, lucrative gig. (The creators' TikTok accounts were taken down after The Verge inquired about them.) Some of these videos would also appear as official ads for Manus, but the posts on the paid creator accounts themselves often obscured their ties to the company … Read the full story at The Verge.
zhaojiankang/iStock via Getty Images Investment Thesis At a price-to-earnings of only 10x based on 2026 earnings, Marathon Petroleum Corporation ( MPC ) is a highly attractive opportunity. Marathon Petroleum has an impressively long track record of outperforming the broader market (the SPY
zhaojiankang/iStock via Getty Images Investment Thesis At a price-to-earnings of only 10x based on 2026 earnings, Marathon Petroleum Corporation ( MPC ) is a highly attractive opportunity. Marathon Petroleum has an impressively long track record of outperforming the broader market (the SPY
atakan/iStock via Getty Images Activist Jana Partners is renewing a push for Markel Group ( MKL ) to divest its venture arm, and it also wants the insurer to repurchase $2 billion of its stock. “The current structure produces sub-peer shareholder returns, creates no unique value and
atakan/iStock via Getty Images Activist Jana Partners is renewing a push for Markel Group ( MKL ) to divest its venture arm, and it also wants the insurer to repurchase $2 billion of its stock. “The current structure produces sub-peer shareholder returns, creates no unique value and
Khosrork Shares of Lucid Group (LCID ) rose 6.86% to $6.16 in the afternoon trading on Thursday , ending a six-session losing streak. The stock had fallen around 17% between April 22 and April 29, while the S&P 500, slipped 0.03% over the same period.
Khosrork Shares of Lucid Group (LCID ) rose 6.86% to $6.16 in the afternoon trading on Thursday , ending a six-session losing streak. The stock had fallen around 17% between April 22 and April 29, while the S&P 500, slipped 0.03% over the same period.
Wednesday evening, the Financial Times reported that SoftBank was going to list an AI robotics company in the U.S., valued at up to $100 billion. The company, called Roze, likely includes assets, including ABB’s robotics division, that SoftBank agreed to buy in October for $5.4 billion. Investors will have to see what other assets are part of Roze.
Wednesday evening, the Financial Times reported that SoftBank was going to list an AI robotics company in the U.S., valued at up to $100 billion. The company, called Roze, likely includes assets, including ABB’s robotics division, that SoftBank agreed to buy in October for $5.4 billion. Investors will have to see what other assets are part of Roze.
Earnings Call Insights: Pilgrim's Pride Corporation (PPC) Q1 2026 Management View "For the first quarter of 2026, we reported net revenues of $4.5 billion with adjusted EBITDA of $308 million." (President & CEO Fabio Sandri) "Sales and profitability fell as
Earnings Call Insights: Pilgrim's Pride Corporation (PPC) Q1 2026 Management View "For the first quarter of 2026, we reported net revenues of $4.5 billion with adjusted EBITDA of $308 million." (President & CEO Fabio Sandri) "Sales and profitability fell as
Earnings Call Insights: Crocs, Inc. (CROX) Q1 2026 Management View "We delivered a better-than-expected first quarter, fueled by broad consumer relevance for both of our brands." (CEO & Director Andrew Rees) "For the first quarter of 2026, we delivered better-than-expected enterprise
Earnings Call Insights: Crocs, Inc. (CROX) Q1 2026 Management View "We delivered a better-than-expected first quarter, fueled by broad consumer relevance for both of our brands." (CEO & Director Andrew Rees) "For the first quarter of 2026, we delivered better-than-expected enterprise
Meta Platforms (NASDAQ:META) stock fell after JPMorgan downgraded it to Neutral from Overweight, cutting the price target to $725 from $825. The call came the morning after a blowout Q1 2026 earnings report, framing a sharp tension for investors: aggressive artificial intelligence capital expenditure (CapEx) versus visible returns. The rating cut diverges from peers. Cantor ... JPMorgan Downgrades...
Meta Platforms (NASDAQ:META) stock fell after JPMorgan downgraded it to Neutral from Overweight, cutting the price target to $725 from $825. The call came the morning after a blowout Q1 2026 earnings report, framing a sharp tension for investors: aggressive artificial intelligence capital expenditure (CapEx) versus visible returns. The rating cut diverges from peers. Cantor ... JPMorgan Downgrades Meta to Neutral: Are AI CapEx Concerns Finally Catching Up?
The Cricut Joy 2 doesn’t take up much desk space and looks pretty cute. | Image: Cricut If you’ve ever thought about making your own stickers for Etsy or just for fun but don’t know where to begin, I’d recommend taking a look at the Cricut Joy 2 . I’ve been testing one for a couple of weeks now, and as someone completely new to the Cricut ecosystem, I’ve found it to be a relatively beginner-friend...
The Cricut Joy 2 doesn’t take up much desk space and looks pretty cute. | Image: Cricut If you’ve ever thought about making your own stickers for Etsy or just for fun but don’t know where to begin, I’d recommend taking a look at the Cricut Joy 2 . I’ve been testing one for a couple of weeks now, and as someone completely new to the Cricut ecosystem, I’ve found it to be a relatively beginner-friendly way to get started. It also costs less than most Cricut models and is currently discounted as part of the company’s sale. While the machine itself is $99, the bundles offer better value right now: the Essentials Bundle starts at $119 ($20 off) at Amazon and Cricut and includes supplies for 35 projects, while the Ultimate Bundle is down to $169 ($50 off) at Amazon and Cricut , and adds extra tools — including an iron press — for over 75 projects right out of the box. Cricut Joy 2 Where to Buy: $139 $119 at Amazon (Essentials bundle) $169 $209 at Amazon (Ultimate bundle) $139 $119 at Cricut (Essentials bundle) Designed for smaller, everyday projects, the Cricut Joy 2 brings the company’s Print Then Cut feature to its entry-level lineup. That means you can print full-color designs using your home printer and then have the machine precisely cut them out, making it possible to create sticker sheets. In my testing, that’s been one of the most satisfying activities — and once you get the hang of it, it’s fairly quick and straightforward. (Just note that while you can use a laser printer, you’ll need to supply your own compatible sticker paper, as Cricut’s are designed for inkjet printers.) Beyond stickers, it can also create custom cards, simple vinyl decals, labels, bookmarks, and iron-ons, which I’ve found useful for both creative projects and more practical things like planner templates and drawer labels. Setup is relatively straightforward, though Design Space — Cricut’s app for creating your design — does come with a bit of a learning curve. I struggled to get the hang of ...
Oklo (NYSE: OKLO) sits at the intersection of two powerful trends in energy and technology. Electricity demands from artificial intelligence (AI) data centers are surging, threatening to strain an aging grid, while climate goals have revitalized interest in nuclear power after decades of stagnation. Oklo, however, only became a publicly traded company in May 2024. It has no revenue, no operating r...
Oklo (NYSE: OKLO) sits at the intersection of two powerful trends in energy and technology. Electricity demands from artificial intelligence (AI) data centers are surging, threatening to strain an aging grid, while climate goals have revitalized interest in nuclear power after decades of stagnation. Oklo, however, only became a publicly traded company in May 2024. It has no revenue, no operating reactors, and no commercial license to sell power. Indeed, Oklo today is the type of hyped-up stock that, if it walked into a potluck, half the room would be awed by its potential, half would call it the future, and only the cynics in the corner would ask why it didn't bring anything to eat or drink. That doesn't mean Oklo won't grow into its $11 billion market capitalization. But with the stock already trading at a premium, investors should be willing to play the cynic for a moment and ask: Is Oklo worth buying at today's price? Continue reading
Elon Musk acknowledged there was no written agreement or contract with OpenAI regarding the terms of his donation to the company when it was first founded as a nonprofit research organization more than a decade ago. Under questioning from OpenAI attorney William Savitt, Musk said he did not have his representatives prepare a document to lay out the conditions for the money he committed to OpenAI i...
Elon Musk acknowledged there was no written agreement or contract with OpenAI regarding the terms of his donation to the company when it was first founded as a nonprofit research organization more than a decade ago. Under questioning from OpenAI attorney William Savitt, Musk said he did not have his representatives prepare a document to lay out the conditions for the money he committed to OpenAI in its early days. Asked again whether he had done so, Musk said he “reviewed the corporate charter, which said it is a nonprofit.” “At the end of the day, you can’t steal a charity,” he said, repeating his refrain from earlier in his testimony. The tense questioning kicked off Musk’s third day of testimony in a closely watched trial over his claims that OpenAI betrayed its altruistic mission in pursuit of profit. In the lawsuit he filed in 2024, Musk alleged that Sam Altman , OpenAI’s chief executive officer, and Greg Brockman , its president, have enriched themselves by converting the company to a for-profit business with billions of dollars in support from Microsoft Corp. OpenAI and Altman have accused Musk of harassment and say the real goal of the lawsuit is to undercut competition with his own startup that he co-founded in 2023, xAI . When announcing its launch in 2015, the nonprofit said Musk committed to eventually donating as much as $1 billion to its mission to develop artificial intelligence for the “benefit of humanity.” In a post on X in 2023, Musk wrote that he had donated $100 million. The actual amount was far less. “In strict monetary terms, I contributed $38 million,” Musk said this week. Much of Musk’s testimony to date has been about his falling out with OpenAI’s leaders as they explored strategies to line up sufficient funding to compete with Alphabet Inc. ’s Google and other pioneers in the AI space that were operating as for-profits. Musk left OpenAI’s board in 2018 and went on to launch xAI as a for-profit five years later. xAI’s flagship chatbot, Gro...
(Bloomberg) -- Elon Musk acknowledged there was no written agreement or contract with OpenAI regarding the terms of his donation to the company when it was first founded as a nonprofit research organization more than a decade ago. Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranNorth Korea Confirms Suicide Rule for Soldiers Ukraine CapturesJunior Banker...
(Bloomberg) -- Elon Musk acknowledged there was no written agreement or contract with OpenAI regarding the terms of his donation to the company when it was first founded as a nonprofit research organization more than a decade ago. Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranNorth Korea Confirms Suicide Rule for Soldiers Ukraine CapturesJunior Bankers Sick of Grunt Work Build $2 Billion AI Tool to Do the JobMeta Shares Plunge on Rising Concerns Abo
Vanke fully acquired Huanshan over a three-year period starting in 2020. Photo: VCG China Vanke Co. Ltd. plans to sell its entire stake in its pig-farming unit for 3.29 billion yuan ($483 million) as the embattled developer accelerates asset disposals to survive a deepening cash crunch. The divestment underscores the acute financial distress facing the state-backed real estate giant, which is scra...
Vanke fully acquired Huanshan over a three-year period starting in 2020. Photo: VCG China Vanke Co. Ltd. plans to sell its entire stake in its pig-farming unit for 3.29 billion yuan ($483 million) as the embattled developer accelerates asset disposals to survive a deepening cash crunch. The divestment underscores the acute financial distress facing the state-backed real estate giant, which is scrambling to shed non-core businesses to cover a massive short-term debt shortfall amid China’s protracted housing slump.
Earnings Call Insights: CNX Resources (CNX) Q1 2026 Management view On the Utica program, CEO Alan Shepard said the latest pad was “a recent TIL towards the last part of the quarter” and that CNX is “a little ways off from providing any sort
Earnings Call Insights: CNX Resources (CNX) Q1 2026 Management view On the Utica program, CEO Alan Shepard said the latest pad was “a recent TIL towards the last part of the quarter” and that CNX is “a little ways off from providing any sort