WANAN YOSSINGKUM Meta’s ( META ) new foundational A.I. model, which the company has been working on for months, has fallen short of the performance of leading A.I. models from rivals like Google ( GOOG ) ( GOOGL ), OpenAI ( OPENAI ) and Anthropic ( ANTHRO ) on internal tests for reasoning, coding and writing, the New York Times reported on Thursday, citing sources. The model, code-named Avocado, o...
WANAN YOSSINGKUM Meta’s ( META ) new foundational A.I. model, which the company has been working on for months, has fallen short of the performance of leading A.I. models from rivals like Google ( GOOG ) ( GOOGL ), OpenAI ( OPENAI ) and Anthropic ( ANTHRO ) on internal tests for reasoning, coding and writing, the New York Times reported on Thursday, citing sources. The model, code-named Avocado, outperformed Meta’s previous A.I. model and did better than Google’s Gemini 2.5 model from March, two of the people said. But it has not performed as strongly as Gemini 3.0 from November, they said. As a result, Meta ( META ) has delayed Avocado’s release to at least May from this month, the people said. They added that the leaders of Meta’s A.I. division had instead discussed temporarily licensing Gemini to power the company’s A.I. products, though no decisions have been reached. Meta, which owns Facebook, Instagram and Threads, has spent billions hiring top A.I. researchers and committed $600 billion to building data centers to power the technology. In January, Meta projected that it would spend as much as $135 billion this year, nearly twice the $72 billion it spent last year. More on Meta Wall Street Lunch: Ex-Meta AI Chief LeCun's Startup AMI Secures $1B Meta: Time To Sit On The Fence (Downgrade) Meta Platforms, Inc. (META) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Meta Platforms stalls work on Persian Gulf cable project amid Iran war: Bloomberg Microsoft also shows interest in unfinished Oracle Stargate site in Abilene: report
WANAN YOSSINGKUM Meta’s ( META ) new foundational A.I. model, which the company has been working on for months, has fallen short of the performance of leading A.I. models from rivals like Google ( GOOG ) ( GOOGL ), OpenAI ( OPENAI ) and Anthropic ( ANTHRO ) on internal tests for reasoning, coding and writing, the New York Times reported on Thursday, citing sources. The model, code-named Avocado, o...
WANAN YOSSINGKUM Meta’s ( META ) new foundational A.I. model, which the company has been working on for months, has fallen short of the performance of leading A.I. models from rivals like Google ( GOOG ) ( GOOGL ), OpenAI ( OPENAI ) and Anthropic ( ANTHRO ) on internal tests for reasoning, coding and writing, the New York Times reported on Thursday, citing sources. The model, code-named Avocado, outperformed Meta’s previous A.I. model and did better than Google’s Gemini 2.5 model from March, two of the people said. But it has not performed as strongly as Gemini 3.0 from November, they said. As a result, Meta ( META ) has delayed Avocado’s release to at least May from this month, the people said. They added that the leaders of Meta’s A.I. division had instead discussed temporarily licensing Gemini to power the company’s A.I. products, though no decisions have been reached. Meta, which owns Facebook, Instagram and Threads, has spent billions hiring top A.I. researchers and committed $600 billion to building data centers to power the technology. In January, Meta projected that it would spend as much as $135 billion this year, nearly twice the $72 billion it spent last year. More on Meta Wall Street Lunch: Ex-Meta AI Chief LeCun's Startup AMI Secures $1B Meta: Time To Sit On The Fence (Downgrade) Meta Platforms, Inc. (META) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Meta Platforms stalls work on Persian Gulf cable project amid Iran war: Bloomberg Microsoft also shows interest in unfinished Oracle Stargate site in Abilene: report
New Fortress Energy (NFE +1.82%) is a liquefied natural gas (LNG) company operating worldwide. It's a company with significant assets and a place in the growing global LNG market. But it's also a company in active financial distress, and investors need to understand that investing in New Fortress Energy is extremely risky. 1. NFE's debt situation is dire There's no gentle way to put this: New Fort...
New Fortress Energy (NFE +1.82%) is a liquefied natural gas (LNG) company operating worldwide. It's a company with significant assets and a place in the growing global LNG market. But it's also a company in active financial distress, and investors need to understand that investing in New Fortress Energy is extremely risky. 1. NFE's debt situation is dire There's no gentle way to put this: New Fortress Energy is on the brink of collapse. The company is saddled with massive debt and has fallen behind on payments even as it sells assets to stay afloat. The cash burn is immense. The company's trailing-12-month free cash flow (FCF) was negative -- a whopping $1.73 billion out the door. That is a major problem for any company, but New Fortress Energy has nearly $9 billion in debt to contend with. Oh, and $6.5 billion of that is "current" -- that is, due within one year. And New Fortress is already behind on payments on about $500 million of that. It is temporarily in forbearance while negotiating with its creditors to avoid default. If the talks succeed, the creditors would receive preferred equity and significant company assets in exchange for relief. While the company has said it may avoid a total wipeout of common shareholders this way, there is no guarantee of that -- and there is certainly no guarantee that the negotiations will be successful. There is a very real scenario where common shareholders are left with nothing. Expand NASDAQ : NFE New Fortress Energy Today's Change ( 1.82 %) $ 0.02 Current Price $ 1.12 Key Data Points Market Cap $313M Day's Range $ 1.06 - $ 1.15 52wk Range $ 0.98 - $ 12.59 Volume 12M Avg Vol 9.8M Gross Margin 19.59 % 2. There could be upside -- but I wouldn't bet on it The company's current market capitalization of just over $300 million stands in stark contrast to its $1.7 billion in trailing-12-month sales and enterprise value of $9.6 billion. It has a very low price-to-book value ratio; if common shareholders survive a restructuring, the...
Key Points New Fortress Energy is in active financial distress, with nearly $9 billion in debt -- $6.5 billion of which is due within one year -- and is already behind on $500 million in payments. The company burned through $1.73 billion in free cash flow over the trailing 12 months and is currently in negotiations with creditors to avoid default. While a successful restructuring may avoid a total...
Key Points New Fortress Energy is in active financial distress, with nearly $9 billion in debt -- $6.5 billion of which is due within one year -- and is already behind on $500 million in payments. The company burned through $1.73 billion in free cash flow over the trailing 12 months and is currently in negotiations with creditors to avoid default. While a successful restructuring may avoid a total wipeout for common shareholders, the risks for investors are substantial. 10 stocks we like better than New Fortress Energy › New Fortress Energy (NASDAQ: NFE) is a liquefied natural gas (LNG) company operating worldwide. It's a company with significant assets and a place in the growing global LNG market. But it's also a company in active financial distress, and investors need to understand that investing in New Fortress Energy is extremely risky. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » 1. NFE's debt situation is dire There's no gentle way to put this: New Fortress Energy is on the brink of collapse. The company is saddled with massive debt and has fallen behind on payments even as it sells assets to stay afloat. The cash burn is immense. The company's trailing-12-month free cash flow (FCF) was negative -- a whopping $1.73 billion out the door. That is a major problem for any company, but New Fortress Energy has nearly $9 billion in debt to contend with. Oh, and $6.5 billion of that is "current" -- that is, due within one year. And New Fortress is already behind on payments on about $500 million of that. It is temporarily in forbearance while negotiating with its creditors to avoid default. If the talks succeed, the creditors would receive preferred equity and significant company assets in exchange for relief. While the company has said it may avoid a total wipeout of common shareholders this way...
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Singapore with Haidi Stroud-Watts and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Singapore with Haidi Stroud-Watts and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
George Russell led Kimi Antonelli to a Mercedes one-two in the only practice session at the Chinese Grand Prix before the sprint weekend starts to unfold. Russell was more than 0.7 seconds clear of the first driver not in a Mercedes, McLaren's Oscar Piastri. Over one lap, that is an almost exact repeat of the advantage Mercedes showed in the season-opening race in Australia last weekend. Antonelli...
George Russell led Kimi Antonelli to a Mercedes one-two in the only practice session at the Chinese Grand Prix before the sprint weekend starts to unfold. Russell was more than 0.7 seconds clear of the first driver not in a Mercedes, McLaren's Oscar Piastri. Over one lap, that is an almost exact repeat of the advantage Mercedes showed in the season-opening race in Australia last weekend. Antonelli was 0.120secs behind Russell, while Piastri's margin was 0.736secs, with Ferrari's Charles Leclerc and McLaren's Lando Norris close behind. Ferrari's Lewis Hamilton was sixth fastest, 1.388secs off the pace, but his time was set earlier in the session on older tyres after an early spin wrecked his set of medium tyres. Ferrari were using the innovative rear wing with a flap that opens for the straight-line mode by revolving on its axis by more than 180 degrees, rather than a gap opening by the front of the flat being lifted. Red Bull's Max Verstappen was down in eighth place, a massive 1.8secs off the Mercedes pace, and behind the Haas of Briton Oliver Bearman. British rookie Arvid Lindblad managed only six laps before his Racing Bulls car stopped after a reliability problem on the long back straight, smoke pouring out of the engine airbox before he pulled off at the hairpin. Sprint qualifying takes place at 07:30 UK time.
Afya press release ( AFYA ): Q4 Non-GAAP EPS of R$2.25. Revenue of R$912.99M (+7.5% Y/Y). 4Q25 Adjusted EBITDA increased 6.1% YoY, reaching R$388.5 million, with an Adjusted EBITDA Margin of 42.6%. Operating Cash Conversion ratio of 93.7% and a Free Cash Flow record of R$1,056 million, with a solid cash position of R$ 1,125.4 million. ~301 thousand users in Afya’s ecosystem. "On the solid basis of...
Afya press release ( AFYA ): Q4 Non-GAAP EPS of R$2.25. Revenue of R$912.99M (+7.5% Y/Y). 4Q25 Adjusted EBITDA increased 6.1% YoY, reaching R$388.5 million, with an Adjusted EBITDA Margin of 42.6%. Operating Cash Conversion ratio of 93.7% and a Free Cash Flow record of R$1,056 million, with a solid cash position of R$ 1,125.4 million. ~301 thousand users in Afya’s ecosystem. "On the solid basis of our guidance achievement for 2025, we are now presenting our guidance for 2026. We expect Revenue to range between R$3,950 million and R$ 4,100 million, and Adjusted EBITDA to be between R$1,700 million and R$1,800 million, excluding any acquisition that may be concluded after the issuance of this guidance." More on Afya Seeking Alpha’s Quant Rating on Afya Historical earnings data for Afya Dividend scorecard for Afya Financial information for Afya
Malaysia’s subsidy bill will increase because of higher oil prices caused by the war in the Middle East, said Second Finance Minister Amir Hamzah Azizan . Malaysia will maintain the subsidized price of the country’s most popular fuel despite volatility in oil prices as the country has enough petroleum products to last through at least May, Prime Minister Anwar Ibrahim said earlier this week. The g...
Malaysia’s subsidy bill will increase because of higher oil prices caused by the war in the Middle East, said Second Finance Minister Amir Hamzah Azizan . Malaysia will maintain the subsidized price of the country’s most popular fuel despite volatility in oil prices as the country has enough petroleum products to last through at least May, Prime Minister Anwar Ibrahim said earlier this week. The government will keep the price of the country’s cheapest petrol, known as RON95, at 1.99 ringgit per liter.
Earnings Call Insights: Abacus Global Management, Inc. (ABX) Q4 2025 Management View CEO Jay Jackson stated, “Abacus closed the year by delivering another exceptional quarter, our 11th consecutive quarter of beating consensus. Today, I want to walk you through how we are executing against our vision and what the path forward looks like grounded, not in projections, but in what I'd call our proof p...
Earnings Call Insights: Abacus Global Management, Inc. (ABX) Q4 2025 Management View CEO Jay Jackson stated, “Abacus closed the year by delivering another exceptional quarter, our 11th consecutive quarter of beating consensus. Today, I want to walk you through how we are executing against our vision and what the path forward looks like grounded, not in projections, but in what I'd call our proof point. A track record of consistent, measurable outperformance.” Jackson emphasized that Abacus has tripled adjusted net income and adjusted EBITDA, expanded margins from 48% to 60%, and grown its asset base more than thirty-five-fold from under $100 million to nearly $3.6 billion over 11 quarters, with ROE and ROIC consistently at 20% or higher. He announced full year 2026 outlook for adjusted net income of $96 million to $104 million, implying up to 22% year-over-year growth from 2025’s $85.7 million. Jackson also highlighted a newly authorized $20 million share repurchase program, adding to the previous $10 million buyback and ongoing dividends. The CEO detailed the four vertical strategy: Life Solutions, Asset Group, Data/Technology (Abacus Intel), and Wealth Advisors, with the recent $50 million minority investment in Manning & Napier, a platform with over $18 billion AUM, strengthening the wealth advisory channel. Jackson outlined long-term goals, including $450 million in EBITDA and 70% recurring revenue within five years, and $2.5 billion in revenue, $1.5 billion in EBITDA, and $150 billion in AUM by 2030. CFO William McCauley stated, “Total revenue in the fourth quarter grew 116% to $71.9 million, compared to $33.2 million in the prior year period. Our growth was primarily driven by strong performance in Life Solutions, higher asset management fees and contributions from our technology services business.” Outlook Management initiated full year 2026 adjusted net income guidance of $96 million to $104 million, reflecting growth of up to 22% over 2025 results. Abacus t...
Elon Musk said he expects to increase employee headcount and productivity per worker at Tesla. Anadolu/Anadolu via Getty Images Some large companies are attributing recent mass layoffs to advancements in AI. Tesla CEO Elon Musk said he expects to hire more people as robotics boost productivty. The "output" per Tesla worker will get "nutty high," Musk said. As companies conduct AI-induced layoffs, ...
Elon Musk said he expects to increase employee headcount and productivity per worker at Tesla. Anadolu/Anadolu via Getty Images Some large companies are attributing recent mass layoffs to advancements in AI. Tesla CEO Elon Musk said he expects to hire more people as robotics boost productivty. The "output" per Tesla worker will get "nutty high," Musk said. As companies conduct AI-induced layoffs, Elon Musk expects to do the exact opposite at Tesla. The CEO said during the Abundance Summit on Wednesday that workforce reductions aren't in the cards for Tesla and that he expects to raise headcount, after entrepreneur Peter Diamandis asked when he expects robots to build robots. "We're not planning any layoffs or reductions in personnel," Musk said. "In fact, we will increase our headcount. But the output per human at Tesla is going to get nutty high." Companies across industries are shedding employees, from administrative workers to engineers, and attributing the layoffs to advancements in AI. Atlassian, an enterprise software company, announced Wednesday that it would cut 10% of its workforce as it invests in AI to reshape its workforce. Block, a financial technology company co-founded by Jack Dorsey, laid off 40% of its workforce, or 4,000 employees, this month, citing AI as the main driver. Advertisement Musk himself has frequently said that advancements in robotics will eliminate the need for humans to have jobs. One of Tesla's main bets is Optimus, a humanoid robot. The CEO has advocated for a universal basic income because he predicts robots will fully take over the production of goods and services. "We'll basically just issue money to people," Musk said at the summit, "because the output of goods and services will so far exceed the money supply that we'll effectively have deflation." Automakers, including Tesla, are investing in humanoids and other robotics to fill in for manufacturing jobs. Agility Robotics' chief business officer, Daniel Diez, previously told ...
Hi, this is Allen Wan in Shanghai. As I sit around in my man cave wondering if I should grant OpenClaw access to my personal laptop, I am intrigued by the potential for this open-source AI platform to do all the boring tasks that worker ants like me have to do. I’m equally concerned about the security risks and my own job security. That’s the same conundrum the Chinese government is facing as it c...
Hi, this is Allen Wan in Shanghai. As I sit around in my man cave wondering if I should grant OpenClaw access to my personal laptop, I am intrigued by the potential for this open-source AI platform to do all the boring tasks that worker ants like me have to do. I’m equally concerned about the security risks and my own job security. That’s the same conundrum the Chinese government is facing as it considers whether to allow OpenClaw, an AI agent that requires unusually broad access to private data, to thrive as it did with DeepSeek just a year ago, or squash it as it pretty much did with Bitcoin . The stakes are high. China is in a race with the US for AI supremacy , and is pinning its hopes for growth on advanced tech and the ability of its private companies to lead it into the future, whether with humanoid robots, robotaxis or AI agents. It is incredible how OpenClaw, developed by OpenAI’s Peter Steinberger, has garnered such a huge following in China in such a short time — more so than in the US, where the tech giants have largely roped it off from joining their lucrative ecosystems. Read more about the enthusiasm in China here . Since launching in November last year, there have been well-attended gatherings in cities like Beijing, Shanghai and Shenzhen so geeks and office workers could meet to share tips on how to improve the open-source model, whose symbol is a lobster. Some of the nation’s most valuable tech and ecommerce firms, like Tencent and JD.com, have rolled out OpenClaw apps, while local governments have made millions of yuan in subsidies available for companies that develop atop the platform. A big moment occurred this month in Shenzhen, when hundreds of people gathered outside Tencent’s headquarters to watch a free demonstration of OpenClaw and get help from the firm’s engineers installing the software on laptops. Read an opinion piece about the lobster craze here . OpenClaw has suddenly become a massive growth opportunity for an economy that is expect...
NYC's Mamdani condemns Tuberville's anti-Muslim posts as "bigotry" toggle caption Andres Kudacki/FR170905 AP New York City Mayor Zohran Mamdani is condemning a series of anti-Muslim social media posts by Republican Sen. Tommy Tuberville of Alabama as "bigotry." On X, Tuberville reposted an image of Mamdani next to a photo of the deadly 9/11 terror attacks in New York City along with the words "the...
NYC's Mamdani condemns Tuberville's anti-Muslim posts as "bigotry" toggle caption Andres Kudacki/FR170905 AP New York City Mayor Zohran Mamdani is condemning a series of anti-Muslim social media posts by Republican Sen. Tommy Tuberville of Alabama as "bigotry." On X, Tuberville reposted an image of Mamdani next to a photo of the deadly 9/11 terror attacks in New York City along with the words "the enemy is inside the gates." Mamdani, the city's first Muslim mayor, has been the subject of repeated verbal attacks during the Ramadan season now underway. Speaking at an iftar dinner Thursday evening, a special meal held to break the daily Ramadan fast, Mamdani said many American Muslims face prejudice. Sponsor Message "When I hear such hatred and disdain unchecked in its rancor, I feel a loneliness and isolation that I know many of you have felt as well," Mamdani said. "Who here has been told, you do not belong in New York City? Who here has been told, go back where you came from?" On Thursday, Tuberville also claimed falsely that "Americans are being gunned down in the streets almost daily by Radical Islamists." Experts say attacks in the U.S. by Muslim extremists are rare and are "not resurgent," according to a 2025 study by the Center for Strategic and International Studies. Republican leaders have been largely silent about Tuberville's anti-Muslim posts. A growing number of Democrats, meanwhile, have condemned his statements. New York Sen. Chuck Schumer, the Democratic minority leader, described Tuberville's posts as "mindless hate." toggle caption Andres Kudacki/FR170905 AP "Muslim Americans are cops, doctors, nurses, teachers, bankers, bricklayers, mothers, fathers, neighbors, mayors, and more," Schumer said. "Islamophobic hate like this is fundamentally un-American." Vermont's Independent Sen. Bernie Sanders called Tuberville's attack on Mamdani "nothing less than blatant Islamophobic racism." Earlier this month, prominent far-right New York City radio host Sid Ro...
As the price of oil rises, investors are returning to energy stocks in a big way. There are many great opportunities among regular oil stocks and natural gas stocks. However, midstream plays like pipeline stocks are a strong choice as well, especially for a long-term investment horizon. Revenue and earnings for pipeline stocks are less volatile than those for exploration and production (E&P) or re...
As the price of oil rises, investors are returning to energy stocks in a big way. There are many great opportunities among regular oil stocks and natural gas stocks. However, midstream plays like pipeline stocks are a strong choice as well, especially for a long-term investment horizon. Revenue and earnings for pipeline stocks are less volatile than those for exploration and production (E&P) or refining and marketing stocks. At the same time, they are benefiting from long-term growth tailwinds, such as rising demand for natural gas amid the artificial intelligence (AI) data center boom. In addition to steady, growing bottom lines, pipeline stocks, in particular those that are structured as master limited partnerships (MLPs), pay out almost all of their income in the form of distributions. This gives these stocks high yields, making them attractive to income investors. Among the scores of high-yield (5% or higher forward dividend yield) pipeline stocks, the following three stand out as strong choices in today's market: Energy Transfer (ET 1.01%), Hess Midstream (HESM 0.90%), and MPLX (MPLX 0.75%). Energy Transfer is poised to profit from AI data center boom Since its founding 30 years ago, Energy Transfer has grown organically and through acquisitions to become one of America's largest midstream energy companies. The MLP owns or has an interest in over 140,000 square miles of midstream energy infrastructure, including 36.4% ownership of the Dakota Access Pipeline, a 50% interest in the Florida Gas Transmission pipeline, as well as extensive holdings within the Permian Basin and other top U.S. oil and gas exploration regions. Expand NYSE : ET Energy Transfer Today's Change ( -1.01 %) $ -0.19 Current Price $ 18.56 Key Data Points Market Cap $65B Day's Range $ 18.55 - $ 18.96 52wk Range $ 14.60 - $ 19.30 Volume 15M Avg Vol 15M Gross Margin 12.27 % Dividend Yield 7.07 % Currently, annual distributions from Energy Transfer give shares a forward yield of 7.3%. The MLP has ...