Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report)'s stock price traded down 4.9% during mid-day trading on Thursday . The company traded as low as $336.38 and last traded at $337.0310. 17,439,436 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 14,157,106 shares. The stock had previously closed at $354.56. Get TSM alerts:...
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report)'s stock price traded down 4.9% during mid-day trading on Thursday . The company traded as low as $336.38 and last traded at $337.0310. 17,439,436 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 14,157,106 shares. The stock had previously closed at $354.56. Get TSM alerts: Sign Up More Taiwan Semiconductor Manufacturing News Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week: Analyst Upgrades and Downgrades Several research firms have weighed in on TSM. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, January 9th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $380.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, January 16th. Weiss Ratings downgraded Taiwan Semiconductor Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, March 5th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, January 2nd. Finally, UBS Group set a $330.00 target price on Taiwan Semiconductor Manufacturing in a research report on Sunday, December 7th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $391.43. Read Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing Price Performance The business's 50-day simple moving average is $345.96 and its two-hundred day simple moving average is $304.58. The stock has a market cap of $1.75 trillion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 0.95 and a ...
Key Points FDVV comes with a higher expense ratio but has outperformed HDV over the past year and five-year period. Both ETFs offer nearly identical dividend yields, yet their sector exposures differ significantly. FDVV leans into technology and cyclicals, while HDV emphasizes defensive and energy stocks. 10 stocks we like better than Fidelity Covington Trust - Fidelity High Dividend ETF › The Fid...
Key Points FDVV comes with a higher expense ratio but has outperformed HDV over the past year and five-year period. Both ETFs offer nearly identical dividend yields, yet their sector exposures differ significantly. FDVV leans into technology and cyclicals, while HDV emphasizes defensive and energy stocks. 10 stocks we like better than Fidelity Covington Trust - Fidelity High Dividend ETF › The Fidelity High Dividend ETF (NYSEMKT:FDVV) and the iShares Core High Dividend ETF (NYSEMKT:HDV) diverge most on sector mix and recent returns, with FDVV charging a slightly higher fee but delivering stronger performance and more tech exposure. Both FDVV and HDV target U.S. stocks with above-average dividends, but their portfolios and risk profiles set them apart. This comparison looks at cost, returns, risk, portfolio makeup, and liquidity to help investors weigh which high-yield approach may appeal more for their needs. Snapshot (cost & size) Metric HDV FDVV Issuer IShares Fidelity Expense ratio 0.08% 0.15% 1-yr return (as of 2026-03-11) 17.6% 19.31% Dividend yield 2.9% 2.8% Beta 0.42 0.80 AUM $13.8 billion $8.9 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. FDVV charges a higher expense ratio than HDV, though both remain low-cost by industry standards. The two funds currently deliver nearly the same dividend yield, so the main cost difference comes down to fees rather than income. Performance & risk comparison Metric HDV FDVV Max drawdown (5 y) -15.41% -20.17% Growth of $1,000 over 5 years $1,423 $1,603 FDVV has delivered a stronger total return over five years, growing $1,000 to $1,603 versus $1,423 for HDV. However, FDVV has also experienced a deeper maximum drawdown, highlighting its greater volatility. What's inside FDVV tracks a high-dividend strategy with a notable tilt toward technology (25%), financial services (17%), and consumer cy...
JHVEPhoto Lennar ( LEN ) posted Q1 earnings and revenue that fell short of the Wall Street consensus estimates as affordability issues continue to weigh on demand. That's also resulted in a restrained outlook as the war in Iran adds to economic uncertainty. " Our first quarter of fiscal year 2026 was defined by the same persistent headwinds that have challenged the housing market for over three ye...
JHVEPhoto Lennar ( LEN ) posted Q1 earnings and revenue that fell short of the Wall Street consensus estimates as affordability issues continue to weigh on demand. That's also resulted in a restrained outlook as the war in Iran adds to economic uncertainty. " Our first quarter of fiscal year 2026 was defined by the same persistent headwinds that have challenged the housing market for over three years — high mortgage rates, constrained affordability, cautious consumer sentiment, and geopolitical uncertainty, especially now including the recent conflict in Iran," said Executive Chairman and CEO Stuart Miller. The homebuilder expects Q2 new orders of 21,000-22,000 homes, vs. the Visible Alpha estimate of 23,315, at an average sales price of $370K-$375K vs. the Visible Alpha consensus of $374.4K. Q1 GAAP EPS of $0.93, trailing the average analyst estimate of $0.96, fell from $1.96 in last year’s Q1. Excluding pretax mark-to-market gains of $15M on technology investments, Q1 2026 non-GAAP EPS was $0.88 compared with $2.14 in the year-ago quarter. Q1 revenue of $6.62B, missing the $6.90B consensus, declined from $7.63B a year ago. New orders of 18,515, vs. the Visible Alpha estimate of 18,562, increased 1% Y/Y. Homes closed fell to 16,863 (vs. VA estimate of 17,620) from 17,834 in the year-ago quarter. The average delivery price of $374K dipped from $408K and exceeded the VA estimate of $371.1K. The company had a backlog of 15,588 homes, with a dollar value of $6;04B, compared with a backlog of 13,154 homes at the end of Q1 2025 with a dollar value of $5.77B. Conference call on March 13 at 11:00 AM ET. More on Lennar Lennar Q1 Earnings Preview: I Am Turning Contrarian (Rating Upgrade) Lennar Corporation: Market Share Defense Weighs On Profitability Lennar: Weak Demand, Margin Pressure, And Management Departure Lennar GAAP EPS of $0.93 misses by $0.03, revenue of $6.6B misses by $300M
Transcontinental Realty Investors press release ( TCI ): GAAP EPS of $0.25 for the three months ended December 31, 2025. More on Transcontinental Realty Investors Financial information for Transcontinental Realty Investors
Transcontinental Realty Investors press release ( TCI ): GAAP EPS of $0.25 for the three months ended December 31, 2025. More on Transcontinental Realty Investors Financial information for Transcontinental Realty Investors
Califia Farms CEO Dave Ritterbush discusses product innovation, inflation, and what comes next for the company. He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
Califia Farms CEO Dave Ritterbush discusses product innovation, inflation, and what comes next for the company. He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
NASA targets Artemis II crewed moon mission for April 1 launch toggle caption Gregg Newton/AFP via Getty Images ORLANDO — After a critical pre-flight review, NASA is targeting a launch of Artemis II as early as April 1 to send four astronauts on a 10-day mission around the moon and back. The decision Thursday came after an in-depth flight readiness review, where managers met to discuss the mission...
NASA targets Artemis II crewed moon mission for April 1 launch toggle caption Gregg Newton/AFP via Getty Images ORLANDO — After a critical pre-flight review, NASA is targeting a launch of Artemis II as early as April 1 to send four astronauts on a 10-day mission around the moon and back. The decision Thursday came after an in-depth flight readiness review, where managers met to discuss the mission. "All the teams polled 'go' to launch and fly Artemis II around the moon," said Lori Glaze, of NASA's Exploration Systems Development Mission Directorate. The crew — NASA astronaut Reid Wiseman, Victor Glover and Christina Koch, along with Canadian Space Agency astronaut Jeremy Hansen — were at the flight readiness review. NASA had planned to launch the mission earlier this month, but following a successful fueling test in February, engineers discovered an issue with the rocket's helium system, which regulates the pressures in the vehicle's fuel tanks. Mission managers decided to roll the rocket back into the Vehicle Assembly Building at the Kennedy Space Center for repairs. Sponsor Message Technicians were able to repair the helium issue by replacing a seal. With the issue now fixed, ground teams plan to move the rocket back to its launch pad on Thursday. "Keep in mind we still have work to go. There are still things that need to be done within the VAB and out at the pad," said Glaze. "And as always, we'll always be guided by what the hardware is telling us and we will launch when we are ready." Planning for an April 1 launch, the crew will enter quarantine at NASA's Johnson Space Center in Houston on March 18, and make the trip to Florida on March 27. Artemis II has six days at the start of the month to launch: April 1-6. Once the mission does launch, it will mark the first human mission to the moon since Apollo 17 in 1972.
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. You can download Chrome for Linux, and you can download Chrome for Arm devices — but if you’ve got a computer running Linux on Arm, not so much! Now, Google says it’s finally bringing Chrome to ARM64 Linux machines in Q2 2026, following Chrome...
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. You can download Chrome for Linux, and you can download Chrome for Arm devices — but if you’ve got a computer running Linux on Arm, not so much! Now, Google says it’s finally bringing Chrome to ARM64 Linux machines in Q2 2026, following Chrome for Arm Macs in 2020 and Chrome for Windows on Arm in 2024. Why Arm + Linux now? In a blog post, Google only says that it “addresses the growing demand for a browsing experience that combines the benefits of the open-source Chromium project with the Google ecosystem of apps and features.” What we’re left wondering is whether Google’s talking about existing demand, or demand yet to come. There’s certainly a growing demand for Linux. Some Verge editors have begun to ditch Windows with varying degrees of success. But those are our x86 desktops — there isn’t a lot of consumer-facing Linux on Arm chips, unless you count all the Linux-based Android phones out there. You can buy Linux on laptops from Dell, Lenovo, Framework, and such, but again, they use x86 chips. (And if you’re not a consumer, there’s already Chromium.) But three of the companies that actually build Arm processors — Qualcomm, Nvidia, and Mediatek — may look to Linux as they try to compete with the Windows/Intel/AMD incumbents. Qualcomm told me in January that it sees “a lot of interest on other operating systems” beyond Windows for its PC-grade Arm chips. Nvidia could reveal its N1 and N1X processors for Arm laptops as soon as next week at its GTC 2026 developer conference. While those Nvidia laptops might get announced with Windows, it wouldn’t be surprising if they targeted Linux too, once the basics like Chrome are sorted out. Google’s blog post specifically namedrops Nvidia’s DGX Spark as a target for Chrome — those $4,000+ beefy micro AI desktops, sold by a wide array of the company’s partners, also run Li...
Earnings Call Insights: Culp, Inc. (CULP) Q3 2026 Management View Robert Culp, President and CEO, opened the call acknowledging a “prolonged low demand environment across the home furnishings industry” that continues to pressure the company’s revenue, despite extensive transformation initiatives over the past 18 months. He attributed additional challenges to “untimely severe weather in the Southea...
Earnings Call Insights: Culp, Inc. (CULP) Q3 2026 Management View Robert Culp, President and CEO, opened the call acknowledging a “prolonged low demand environment across the home furnishings industry” that continues to pressure the company’s revenue, despite extensive transformation initiatives over the past 18 months. He attributed additional challenges to “untimely severe weather in the Southeast that caused us to lose the last week of our quarter of shipping from Stokesdale,” which had a particular impact on bedding revenues. Culp highlighted ongoing restructuring and integration efforts, stating, “Our revamped platform is poised to scale and absorb capacity without adding any significant expense. We just need the unit volume.” He expressed confidence that “the benefits of this work will become more and more evident in our results.” On tariffs, Culp said, “We believe that the current go-forward tariff rates applicable to our business are manageable and in some cases, improved versus what we've had to absorb in prior periods. Additionally, our pricing adjustments and surcharges implemented in recent periods are appropriately calibrated and are expected to offset tariff costs on a cost-neutral basis.” Culp also discussed a major cost-saving and integration project, Project Blaze, reporting, “We've generated over $20 million in annualized cost savings and enhancement, many of which have already began to positively impact our results and the remainder of which should begin to benefit our results in our fourth quarter and in fiscal 2027.” On management changes, Culp addressed CFO Kenneth Bowling’s planned retirement and succession plans, noting that COO Mary Beth Hunsberger will begin transitioning into some CFO duties in 2026. “We are extremely grateful to Ken for agreeing to continue serving in the CFO role...until we believe the time is right to make any official leadership transition.” Kenneth Bowling, CFO, stated, “Net sales of $48 million compared with net sale...
Never miss an episode. Follow The Big Take daily podcast today. In the first 24 hours of US attacks on Iran, the scale of firepower more than doubled that of the US’ initial assault on Iraq in 2003 — an expansion made possible by the Pentagon’s embrace of AI. Just hours before the attack, the US parted ways with AI company Anthropic, after the company raised concerns over how the Defense Departmen...
Never miss an episode. Follow The Big Take daily podcast today. In the first 24 hours of US attacks on Iran, the scale of firepower more than doubled that of the US’ initial assault on Iraq in 2003 — an expansion made possible by the Pentagon’s embrace of AI. Just hours before the attack, the US parted ways with AI company Anthropic, after the company raised concerns over how the Defense Department might use its tools. The Pentagon says it wants the ability to use the tools for “all lawful purposes.” On today’s Big Take podcast, host David Gura sits down with Bloomberg national security and tech reporter Katrina Manson — author of the upcoming book Project Maven: A Marine Colonel, His Team, and the Dawn of AI Warfare — and Bloomberg senior editor Mike Shepard to discuss how the US is integrating AI into its warfighting machine and the guardrails in place for the military as it utilizes AI technology to make life-and-death decisions. Read more: ‘God, It’s Terrifying’: How the Pentagon Got Hooked on AI War Machines Katrina Manson’s book is Project Maven: A Marine Colonel, His Team, and the Dawn of AI Warfare . Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: click here to subscribe. This episode was produced by: Julia Press; Editors: Jeffrey Grocott; Fact-checker: Eleanor Harrison-Dengate; Sound Design/Engineer: Alex Sugiura; Senior Producer: Naomi Shavin; Senior Editor: Elisabeth Ponsot; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.
Imperial Metals press release ( III:CA ): FY Non-GAAP EPS of C$0.91. Revenue of C$691.78M (+39.9% Y/Y). More on Imperial Metals Financial information for Imperial Metals
Imperial Metals press release ( III:CA ): FY Non-GAAP EPS of C$0.91. Revenue of C$691.78M (+39.9% Y/Y). More on Imperial Metals Financial information for Imperial Metals
Expand NASDAQ : ONDS Ondas Today's Change ( 5.09 %) $ 0.50 Current Price $ 10.33 Key Data Points Market Cap $4.4B Day's Range $ 9.80 - $ 10.84 52wk Range $ 0.65 - $ 15.28 Volume 136M Avg Vol 94M Gross Margin 10.18 % Ondas (ONDS +5.09%), a provider of private wireless, drone, and automated data solutions, closed Thursday at $10.33, up 5.09%. The stock moved higher after news of a partnership that w...
Expand NASDAQ : ONDS Ondas Today's Change ( 5.09 %) $ 0.50 Current Price $ 10.33 Key Data Points Market Cap $4.4B Day's Range $ 9.80 - $ 10.84 52wk Range $ 0.65 - $ 15.28 Volume 136M Avg Vol 94M Gross Margin 10.18 % Ondas (ONDS +5.09%), a provider of private wireless, drone, and automated data solutions, closed Thursday at $10.33, up 5.09%. The stock moved higher after news of a partnership that will combine its autonomous robot technology with Palantir‘s (PLTR +1.25%) AI platforms and World View’s balloon intelligence. Trading volume reached 134.6 million shares, coming in about 43% above its three-month average of 94.4 million shares. Ondas IPO'd in 2020 and has grown 74% since going public. How the markets moved today S&P 500 (^GSPC 1.52%) fell 1.52% to 6,673, while the Nasdaq Composite (^IXIC 1.78%) lost 1.78% to finish at 22,312. Within communication equipment, industry peers saw mixed trading as Applied Optoelectronics (AAOI 16.39%) closed at $106.19, down 16.39%, paring gains of over 141.40% in the past month. Viavi Solutions (VIAV 1.06%) dropped by 1.10% to close at $29.76, off 1.10%. What this means for investors Ondas rebranded at the start of this year to make a strategic shift toward defense and security. Today’s partnership with Palantir and World View cements that narrative. The companies will develop initiatives that link drones, stratospheric balloons, and ground robots. The deal follows a string of announcements from Ondas. On Monday, the company said it would merge with Mistral, a U.S. defense prime contractor. Yesterday it announced the acquisition of Bird Aerosystems, which specializes in airborne intelligence. This week, Needham & Company reiterated its Buy rating on the stock, which has gained 57.47% in the past six months. Investors will be looking for more details on these deals when Ondas reports Q4 earnings on March 25.
The RSI is at 45.56, which is considered neutral territory, while the MACD shows a value of -0.1540, below its signal line at -0.1405, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum. However, the stock is 6.2% above its 100-day SMA and 48.9% above its 200-day SMA, demonstrating longer-term strength, with shares having increased 123...
The RSI is at 45.56, which is considered neutral territory, while the MACD shows a value of -0.1540, below its signal line at -0.1405, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum. However, the stock is 6.2% above its 100-day SMA and 48.9% above its 200-day SMA, demonstrating longer-term strength, with shares having increased 1237.00% over the past 12 months. Currently, Ondas Inc. is trading 2.9% below its 20-day simple moving average (SMA) and 10.1% below its 50-day SMA, indicating a short-term bearish trend. Trending: Explore Jeff Bezos-backed Arrived Homes and see how investors are earning passive rental income — now with a limited-time 1% bonus match for new investors. For 2025, the company sees revenue of $49.7 million-$50.7 million, net loss of $(53.3) million and $(52.8) million and adjusted EBITDA of $(32.9) million-$(32.4) million. On Monday, Ondas reported fourth quarter preliminary revenue of $29.1 million-$30.1 million, net loss of $(20.9) million and $(20.4) million, and adjusted EBITDA loss of $(11.4) and $(10.9) million . The program is part of a national land-clearance initiative and is expected to be implemented over a period of up to three years, with options for extensions as the project progresses. Steve Jobs once worked at Atari. Now the brand that helped launch a tech icon is building a destination investors can help bring to life. The initial order marks the first phase of a multi-year demining program awarded to Ondas’s subsidiary, 4M Defense. This has the potential for an additional $30 million in follow-on phases, effectively doubling the program’s total value. This is the company’s first operational order under the previously announced large-scale multi-year demining program in Israel. This news comes as broader markets experienced slight declines, with the S&P 500 futures down 0.1% and the Communication Services sector losing 0.2%. Ondas Inc. shares are up on Tuesday. Th...
Israeli Prime Minister Benjamin Netanyahu on Thursday issued a veiled threat to kill Iran’s new supreme leader Mojtaba Khamenei even as he acknowledged that Israel’s joint air war with the US may not lead to a collapse of Tehran’s clerical government. Holding his first press conference since the start of the war, the Israeli leader said that Iran was “no longer the same” after nearly two weeks o...
Israeli Prime Minister Benjamin Netanyahu on Thursday issued a veiled threat to kill Iran’s new supreme leader Mojtaba Khamenei even as he acknowledged that Israel’s joint air war with the US may not lead to a collapse of Tehran’s clerical government. Holding his first press conference since the start of the war, the Israeli leader said that Iran was “no longer the same” after nearly two weeks of bombardment and that Tehran had suffered blows to its elite Revolutionary Guards Corps and Basij paramilitary force. He vowed to keep hitting Lebanon’s Hezbollah after the Iran-backed group opened fire on March 2 to avenge Israel’s killing of Iran’s Supreme Leader Ali Khamenei – Mojtaba Khamenei’s father – at the start of the war. Advertisement Standing between two Israeli flags and taking questions over video link, Netanyahu was asked what actions Israel might take against Ayatollah Mojtaba Khamenei and Hezbollah chief Naim Qassem. “I wouldn’t issue life insurance policies on any of the leaders of the terrorist organisation … I don’t intend to provide an exact report here about what we are planning or what we are going to do,” the Israeli leader said. Advertisement Netanyahu has described Mojtaba Khamenei as a “puppet of the Revolutionary Guards”, referring to the elite force at the forefront of Tehran’s attacks. He said on Thursday that the cleric “cannot show his face in public”.
What happened According to a Securities and Exchange Commission (SEC) filing dated Feb. 17, 2026, Serenity Capital Management Pte. Ltd. initiated a new position in Mattel (MAT +0.68%), acquiring 2,385,643 shares. The estimated transaction value was $47.33 million based on the average closing price during the quarter. The quarter-end value of the position also stood at $47.33 million after accounti...
What happened According to a Securities and Exchange Commission (SEC) filing dated Feb. 17, 2026, Serenity Capital Management Pte. Ltd. initiated a new position in Mattel (MAT +0.68%), acquiring 2,385,643 shares. The estimated transaction value was $47.33 million based on the average closing price during the quarter. The quarter-end value of the position also stood at $47.33 million after accounting for market price shifts. What else to know This was a new position for the fund, with Mattel representing 12.56% of Serenity’s reportable U.S. equity assets under management after the trade. Top holdings after the filing: ZTO Express : $105.64 million (28.0% of AUM) H World Group : $59.96 million (15.9% of AUM) TAL Education Group : $51.61 million (13.7% of AUM) Mattel: $47.33 million (12.6% of AUM) MINISO Group : $37.96 million (10.1% of AUM) As of March 12, 2026, Mattel shares were trading at $16.13, down 21.9% over the past year and underperforming the S&P 500 by 43 percentage points. Company overview Metric Value Revenue (TTM) $5.35 billion Net income (TTM) $397.60 million Market capitalization $4.87 billion Price (as of market close March 12, 2026) $16.13 Company snapshot Mattel produces and markets toys, games, dolls, vehicles, and licensed consumer products under leading brands such as Barbie, Hot Wheels, Fisher-Price, and American Girl. The company generates revenue primarily through global wholesale distribution to retailers, direct-to-consumer sales via catalog and e-commerce, and licensing partnerships with major entertainment companies. Mattel targets children, families, and collectors worldwide, serving both mass market and specialty retail channels. Mattel is a global leader in the toy and children's entertainment industry, with a diversified portfolio of iconic brands and strategic licensing agreements. The company leverages its strong brand recognition and multi-channel distribution to maintain a competitive position in the leisure and consumer cyclical s...
Good morning . Iran says the Strait of Hormuz should remain closed. China’s OpenClaw frenzy puts Xi’s AI policy to the test. And Netflix confirms a sequel to its smash hit. Listen to the day’s top stories . Brent Futures 101.43 +10.27% WTI Futures 95.73 +9.72% S&P 500 6,672.62 -1.52% The US and Iran struck defiant tones as the war waged on, offering little relief to energy markets. Donald Trump sa...
Good morning . Iran says the Strait of Hormuz should remain closed. China’s OpenClaw frenzy puts Xi’s AI policy to the test. And Netflix confirms a sequel to its smash hit. Listen to the day’s top stories . Brent Futures 101.43 +10.27% WTI Futures 95.73 +9.72% S&P 500 6,672.62 -1.52% The US and Iran struck defiant tones as the war waged on, offering little relief to energy markets. Donald Trump said preventing the Islamic Republic from having nuclear weapons is “ of far greater interest and importance to me ” than the cost of crude oil, while Mojtaba Khamenei said Tehran would seek to ensure the Strait of Hormuz remains effectively closed. The supreme leader also warned his country will open other fronts in the war if the conflict persists. Brent settled above $100 a barrel for the first time since August 2022 on signs of worsening shipping turmoil. ‘God, It’s Terrifying’: How the Pentagon Got Hooked on AI War Machines An excerpt from the coming book Project Maven shows how the US enlisted Silicon Valley in its vision for AI warfare, now playing out in Iran. Read the Story The renewed spike in crude stoked fears the conflict in the Mideast will further crimp energy supplies and fuel inflation, spurring a slide in stocks , which were also hit by signs of distress in the $1.8 trillion private-credit market. Short-dated Treasury yields jumped as traders are no longer fully pricing in one Federal Reserve rate cut this year. Autos had a busy day, with Stellantis exploring deals with Xiaomi and Xpeng to invest in its struggling European operations. Tesla’s China sales rebounded in February as the EV maker managed to buck an industry-wide slump. Honda warned of a $15.7 billion charge as it rethinks its EV strategy. Hong Kong’s raid fallout is even messier than first thought, with JPMorgan and UBS said to have cut prime brokerage ties with Infini Capital Management—which was one of three firms raided earlier this week —well before the investigation was made public. Over in ...
Elon Musk ’s X, the social network formerly known as Twitter, has agreed to change its verification mechanism in the European Union following a fine of €120 million ($138 million). “X has submitted remedies in relation to its blue check mark,” European Commission spokesperson Thomas Régnier said, referring to the system that identifies verified users on X. “The commission will now carefully assess...
Elon Musk ’s X, the social network formerly known as Twitter, has agreed to change its verification mechanism in the European Union following a fine of €120 million ($138 million). “X has submitted remedies in relation to its blue check mark,” European Commission spokesperson Thomas Régnier said, referring to the system that identifies verified users on X. “The commission will now carefully assess the proposed remedies.” Régnier didn’t provide details on how X intends to tailor its service for European users. X didn’t immediately reply to a request for comment. In December, the commission fined X under its content moderation rulebook, the Digital Services Act, alleging that its system of giving verification badges to paying users was deceptive. The blue check badge was previously only added to the profiles of people who might be targets for impersonation, including journalists, celebrities and other public figures. Musk’s 2022 decision to make it a for-pay feature, the commission argued, misled X users into falsely believing that verified accounts were trustworthy. Musk, the world’s richest person, acquired Twitter for $44 billion that same year. Read More: Musk Closes $44 Billion Twitter Deal, Fires Top Executives The blue check was one of the grievances that last year resulted in the first-ever DSA fine. Other alleged breaches included X’s lack of transparency with its ads and a refusal to let independent researchers access the platform’s public data. X was asked to propose remedies for the blue check problem by March 12 or face periodic penalties. The company, which has appealed the fine, will have to either pay the fine or provide a financial guarantee by March 16. The EU’s decision to fine a business owned by Musk, an ally of US President Donald Trump, precipitated a trans-Atlantic diplomatic spat whose aftershocks are still being felt in Brussels. Read More: US Sanctions Former EU Official, Others in Swipe at Europe Members of the Trump administration, includi...
peshkov/iStock via Getty Images Thesis Summary Oil’s ( USO ) current run is reminiscent of what we saw take place in the silver market only a few weeks ago. Back then, I highlighted the dangers of shorting silver while also warning that a potential top was likely in place. Today, oil offers us a similar set-up, with an added benefit. While there was definitely an element of structural supply-deman...
peshkov/iStock via Getty Images Thesis Summary Oil’s ( USO ) current run is reminiscent of what we saw take place in the silver market only a few weeks ago. Back then, I highlighted the dangers of shorting silver while also warning that a potential top was likely in place. Today, oil offers us a similar set-up, with an added benefit. While there was definitely an element of structural supply-demand imbalance in silver, oil prices have been structurally depressed over the last year. This rally has been caused by an exogenous factor, and if/once this clears, oil will go back to much lower prices. With silver, we were trying to time a market that was inherently strong but had gotten ahead of itself. But with oil, we’re looking at shorting a market that wants to head lower. How We ‘Called’ The Silver Top Just a few weeks ago, it seemed everyone was looking at silver, which had run up over 300% in a year. There were plenty of reasons for this, including supply-demand imbalance, price inelasticity, and also a degree of speculation. Back on January 27, I told investors silver could indeed reach $200 , but first I expected a large pull-back. SLV 1D Chart (TrendSpider) This call was made due to a variety of different factors, but mainly sentiment, which had become overly bullish, and technicals. As we can see, silver had built a very large bearish divergence with the RSI, which was still overbought on the daily time frame. At the same time, we saw a bearish shooting star candle. SLV 4h Chart (TrendSpider) Zooming into the 4h chart, there was also a very clear double top with yet another bearish divergence in the RSI. That's not to say this works every time, but the indications were there. Is Oil Giving Us A Similar Set-Up? Oil is now getting interesting and potentially giving us a similar technical setup. First off, if we look at the weekly, we are already in very overbought territory. USO 1W Chart (TrendSpider) On top of that, we already saw a pretty bearish shooting star c...
The war in Iran is not just another Middle Eastern crisis. It is a window into what world politics looks like when rules are weakest and power is most concentrated. Washington has spoken in the language of surrender and coercion, European governments have called for restraint and respect for international law, and Asian powers have scrambled to keep energy flows moving through a Strait of Hormuz t...
The war in Iran is not just another Middle Eastern crisis. It is a window into what world politics looks like when rules are weakest and power is most concentrated. Washington has spoken in the language of surrender and coercion, European governments have called for restraint and respect for international law, and Asian powers have scrambled to keep energy flows moving through a Strait of Hormuz that has nearly ground to a halt What this reveals is not a functioning rules-based order. It is a harsher and more improvised world in which a few major powers increasingly act as if they have exceptional rights while everyone else calculates the cost of being exposed to their decisions. It is tempting to describe this simply as the collapse of international law. That is too simple. The law has not disappeared. Article 2(4) of the United Nations Charter still prohibits the threat or use of force against the territorial integrity or political independence of states. Advertisement That is precisely the point, though: legal language still structures the debate, but it no longer reliably restrains the strongest actors . Rules survive as vocabulary, not as hard limits. States still justify, deny, reinterpret and litigate, but they increasingly act first and explain later. That is why the present moment should not be mistaken for a return to the Concert of Europe, even though the second Trump administration has at times shown an ambition to engineer a form of great-power coordination through notions such as a Group of Two with China or a “Core Five” of the US, China, Russia, India and Japan. Advertisement The Concert of Europe was a post-war agreement among Europe’s major powers to preserve the territorial and political status quo. The system was conservative, elitist and often coercive, but it rested on a minimal strategic consensus. The great powers did not merely claim exceptional rights; they also accepted some shared responsibility for maintaining order. Today’s world has th...