Richard Drury/DigitalVision via Getty Images For the three months ended March 31, 2026, the total return on the Ave Maria Growth Fund ( AVEGX ) was -3.03%, compared to -4.33% for the S&P 500® Index and 0.67% for the S&P 500® Equal Weight Index. The returns for the Ave Maria Growth Fund compared to its benchmarks as of the end of the quarter were: Annualized FUND 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE ...
Richard Drury/DigitalVision via Getty Images For the three months ended March 31, 2026, the total return on the Ave Maria Growth Fund ( AVEGX ) was -3.03%, compared to -4.33% for the S&P 500® Index and 0.67% for the S&P 500® Equal Weight Index. The returns for the Ave Maria Growth Fund compared to its benchmarks as of the end of the quarter were: Annualized FUND 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE INCEPTION (5/1/03) Ave Maria Growth Fund ( AVEGX ) Prospectus Expense Ratio: 0.91% -3.03% 6.74% 12.88% 6.90% 12.11% 11.06% S&P 500® Index -4.33% 17.80% 18.32% 12.06% 14.16% 11.04% S&P 500® Equal Weight Index 0.67% 12.85% 11.93% 8.25% 11.45% 11.33% Click to enlarge Performance data quoted represents past performance, which is no guarantee of future results. Investment return and principal value are historical and may fluctuate so that redemption value may be worth more or less than the original cost. Current performance may be lower or higher than what is quoted. Call 1-866-AVE-MARIA for the most current month-end performance. In the first quarter, top contributors to return included Tower Semiconductor Ltd. ( TSEM ), Silicon Motion Technology Corporation ( SIMO ), Entegris, Inc. ( ENTG ), APi Group Corporation ( APG ) and Texas Instruments, Inc ( TXN ). Top detractors from return included HEICO Corporation ( HEI ), Accenture PLC ( ACN ), Roper Technologies, Inc. ( ROP ), S&P Global, Inc. ( SPGI ) and Mastercard, Inc ( MA ). We reduced existing positions in APi Group Corporation, BlackLine, Inc. ( BL ), XPEL, Inc. ( XPEL ), Mastercard, Inc., and TIC Solutions, Inc ( TIC ). We completely exited Silicon Labs ( SLAB ) after the company agreed to be acquired at a 69% premium to its pre-offer trading price. We also exited investments in Atlanta Braves Holdings ( BATRA ), SBA Communications ( SBAC ), and Watsco ( WSO ). Proceeds were used to increase existing positions in Accenture PLC, Broadridge Financial Solutions, Inc. ( BR ), S&P Global, Inc., Moody's Corporation ( MCO ), Shi...
Jamaica striker decides to go when contract ends in June City could not match other offers to the 29-year-old Khadija “Bunny” Shaw has decided to leave Manchester City this summer at the end of her contract, the Guardian understands, after extensive talks over a new deal concluded with her opting to pursue a new challenge. The Jamaica striker, who is on course to win the Women’s Super League’s Gol...
Jamaica striker decides to go when contract ends in June City could not match other offers to the 29-year-old Khadija “Bunny” Shaw has decided to leave Manchester City this summer at the end of her contract, the Guardian understands, after extensive talks over a new deal concluded with her opting to pursue a new challenge. The Jamaica striker, who is on course to win the Women’s Super League’s Golden Boot for a third consecutive season, was close to agreeing a new deal in March and is understood to have told City she wanted to stay, but negotiations on the finer details hit a number of stumbling blocks, including the proposed length of the extension, and the WSL leaders are preparing for life without their star player. Continue reading...
在生成式人工智能与机器学习技术迅猛发展的背景下，全球专利申请结构正在发生深刻变化。大量企业试图将“算法+应用场景”包装为可专利技术方案，尤其是在金融、传媒、医疗、交通、广告推荐、内容生成等领域，用AI实现优化几乎成为一种常见的专利申请。然而，技术表述的更新并不当然意味着法律评价的改变。美国联邦巡回上诉法院在Recentive Analytics, Inc. v. Fox Corp.（以下简称Rec...
在生成式人工智能与机器学习技术迅猛发展的背景下，全球专利申请结构正在发生深刻变化。大量企业试图将“算法+应用场景”包装为可专利技术方案，尤其是在金融、传媒、医疗、交通、广告推荐、内容生成等领域，用AI实现优化几乎成为一种常见的专利申请。然而，技术表述的更新并不当然意味着法律评价的改变。美国联邦巡回上诉法院在Recentive Analytics, Inc. v. Fox Corp.（以下简称Recentive案）2中的判决，正是在这一背景下为AI专利申请热潮划出了一条清晰边界：仅将通用机器学习方法应用于新的数据环境，并不能构成专利适格性的技术方案。 在Recentive案中，原告Recentive主张其专利利用机器学习技术，根据历史数据和实时输入自动生成并优化电视节目时间表及广播分配方案（“网络地图”），并指控Fox公司构成侵权。被告Fox公司则以专利不具备适格性为由请求驳回，认为该专利仅是将通用机器学习方法应用于节目调度这一具体场景。美国联邦地区法院支持了被告的主张，认定涉案专利属于抽象思想，且缺乏“发明构思”，不符合《美国法典》第35编第101条关于专利适格性的要求。在上诉程序中，联邦巡回上诉法院在适用Alice v. CLS Bank International（以下简称Alice案）3确立的两步测试后，最终认定该类“AI+应用”专利不具备专利适格性，维持了原判。 该案的意义并不只是否定几项具体专利，而是重新提示了AI时代专利法的根本问题：专利制度保护的究竟是“技术本身的进步”，还是“使用新技术处理旧问题的商业方案”？美国判决给出的答案十分明确：专利保护的是技术改进，而非技术使用；保护的是解决技术问题的具体方法，而非对某种功能结果的抽象占有。 01 在美国规范体系下 AI 并未获得专利法上的“特殊待遇” 理解Recentive案，不能只看联邦法院对个案权利要求的分析，还必须将其置于美国专利适格性规则的整体结构中。美国关于AI专利适格性的法律框架，并非专门为AI技术单独创设，而是在既有专利法体系中，通过判例法、行政审查指南和政策文件不断吸纳AI问题，逐步形成较为清晰的制度边界。 从法律渊源看，美国AI专利适格性的根本依据仍是《美国法典》第35编第101条关于专利适格性的规定。该条以开放性方式规定，任何“新的且有用的过程、机器、制造物或组合物”原则上可以成为专利保...
In some circles on Wall Street, the hottest debate isn’t about a tech-stock bubble or $100 oil as the new norm. It’s whether 30-year Treasury yields will mount a sustained push over 5%. That rate, which determines the US government’s long-term borrowing costs , briefly topped that level this week, leaving it hovering near a two-decade high and just below the peak of late-2023, when the Federal Res...
In some circles on Wall Street, the hottest debate isn’t about a tech-stock bubble or $100 oil as the new norm. It’s whether 30-year Treasury yields will mount a sustained push over 5%. That rate, which determines the US government’s long-term borrowing costs , briefly topped that level this week, leaving it hovering near a two-decade high and just below the peak of late-2023, when the Federal Reserve was still trying to contain the post-pandemic inflation surge. The shift has been driven largely by fear that consumer prices will spiral again due to the oil-price shock unleashed by the US war on Iran. But other forces are also at work. The economy has been surprisingly resilient. The budget deficit means waves of bond sales that have pushed the nation’s debt over 100% of the its annual gross domestic product. And for all of President Donald Trump ’s pressure on the Fed to cut its own benchmark, traders are wagering that even with his handpicked chair, Kevin Warsh , taking over, the central bank’s next move will likely be to hike. Some are even questioning the traditional convenience of holding US debt. Elevated bond yields would have repercussions for global markets, the economy and also politics by lifting the cost of credit cards, mortgages and business loans, dragging on the economy and signaling a permanent break from the era of low borrowing costs ushered in by the global financial crisis. A yield of 5% is a “psychological threshold that tends to reignite worries of bond vigilantes and higher interest rates going forward,” said Gennadiy Goldberg , head of US interest rate strategy at TD Securities. The bond-market’s movements are extending what has been a vexing run for forecasters ever since the end of the pandemic ignited the biggest jump in inflation since the early 1980s. After Treasuries tumbled in 2022 as the Fed tightened rates, many investors reckoned that bonds would bounce as that drove the economy into a recession, only to be blindsided by its surpri...
Planned job cuts continued to mount in the US technology sector last month, bringing the year-to-date total to a three-year high even as overall private-sector layoff announcements receded. Tech companies announced 33,361 job cuts in April, according to data from outplacement firm Challenger, Gray & Christmas Inc. So far this year, the industry has planned 85,411 cuts, up 33% from the same period ...
Planned job cuts continued to mount in the US technology sector last month, bringing the year-to-date total to a three-year high even as overall private-sector layoff announcements receded. Tech companies announced 33,361 job cuts in April, according to data from outplacement firm Challenger, Gray & Christmas Inc. So far this year, the industry has planned 85,411 cuts, up 33% from the same period in 2025. Total private-sector layoff announcements, meanwhile, were about 10% lower in the first four months of 2026 versus the same period a year earlier. “Technology companies continue to announce large-scale cuts and are leading all industries in layoff announcements,” said Andy Challenger , the company’s chief revenue officer. “Regardless of whether individual jobs are being replaced by AI, the money for those roles is.” Employers like Meta Platforms Inc. , Microsoft Corp. , and PayPal Holdings Inc. , are undertaking workforce reductions as they redirect resources toward AI investments. After AI, employers across the private sector also cited closings, cost-cutting, and voluntary severance as the top reasons for layoffs in April, according to Challenger. Despite the recent wave of high-profile layoff announcements, initial filings for unemployment insurance dropped in late April to the lowest level in decades, indicating the labor market remains in the “low-hire, low-fire” state that has prevailed in recent years. Challenger’s tally of stated hiring intentions in the first four months of 2026 was about 13% below a year earlier. The government’s April jobs report, due Friday, is expected to show the first back-to-back monthly increases in payrolls in almost a year.
Canadian Natural Resources ( CNQ ) declares CAD 0.625/share quarterly dividend , in line with previous. Payable July 7; for shareholders of record June 19; ex-div June 19. See CNQ Dividend Scorecard, Yield Chart, & Dividend Growth. More on Canadian Natural Resources Limited Canadian Natural Resources: Earnings Set To Reveal Massive Rewards Canadian Natural: The Gold Standard Of Canadian Energy Can...
Canadian Natural Resources ( CNQ ) declares CAD 0.625/share quarterly dividend , in line with previous. Payable July 7; for shareholders of record June 19; ex-div June 19. See CNQ Dividend Scorecard, Yield Chart, & Dividend Growth. More on Canadian Natural Resources Limited Canadian Natural Resources: Earnings Set To Reveal Massive Rewards Canadian Natural: The Gold Standard Of Canadian Energy Canadian Natural Resources: Iran Rally Looks Like A Trap (Rating Downgrade) Canadian Natural Resources Non-GAAP EPS of C$1.17; reaffirms FY outlook Canadian Natural Resources Non-GAAP EPS of C$0.82 beats by C$0.12; updates FY26 outlook
AirAsia X co-founder Tony Fernandes said he is preparing to launch a new airline, betting that expanding while the aviation industry’s being roiled by high oil prices will pay off in the future. The new airline will be announced in the next month or two, Fernandes said in a video interview from Montreal late on Wednesday. The low-cost Southeast Asian carrier group is moving some planes for the bus...
AirAsia X co-founder Tony Fernandes said he is preparing to launch a new airline, betting that expanding while the aviation industry’s being roiled by high oil prices will pay off in the future. The new airline will be announced in the next month or two, Fernandes said in a video interview from Montreal late on Wednesday. The low-cost Southeast Asian carrier group is moving some planes for the business it is starting, he said, without providing further details. The expansion would come on the...
India is being viewed as lagging the global AI trade as investors prioritise chips, compute and infrastructure. Ruchir Sharma explains how low R&D spending and exposure of software and outsourcing jobs are weighing on sentiment. He also outlines potential positives, including strong nominal GDP growth, a valuation reset opportunity, and the chance for India to benefit later as AI adoption shifts t...
India is being viewed as lagging the global AI trade as investors prioritise chips, compute and infrastructure. Ruchir Sharma explains how low R&D spending and exposure of software and outsourcing jobs are weighing on sentiment. He also outlines potential positives, including strong nominal GDP growth, a valuation reset opportunity, and the chance for India to benefit later as AI adoption shifts toward productivity gains. Rockefeller International Chairman Ruchir Sharma joined Haslinda Amin on Insight with Haslinda Amin. (Source: Bloomberg)
ProFrac Holding press release ( ACDC ): Q1 Net loss was $81 million compared to net loss of $141 million in the fourth quarter Adjusted EBITDA was $54 million compared to $61 million in the fourth quarter; 12% of revenue in the first quarter compared to 14% of revenue in the fourth quarter Net cash provided by operating activities was $9 million compared to $50 million in the fourth quarter Capita...
ProFrac Holding press release ( ACDC ): Q1 Net loss was $81 million compared to net loss of $141 million in the fourth quarter Adjusted EBITDA was $54 million compared to $61 million in the fourth quarter; 12% of revenue in the first quarter compared to 14% of revenue in the fourth quarter Net cash provided by operating activities was $9 million compared to $50 million in the fourth quarter Capital expenditures totaled $41 million compared to $37 million in the fourth quarter Free cash flow² negative $25 million compared to $14 million in the fourth quarter Revenue of $450M (+3.0% Y/Y) beats by $19.91M . More on ProFrac Holding ProFrac: Middle East War Not The Only Reason It's Going Up ProFrac: Unwarranted Optimism Given Significant Uncertainty ProFrac Holding Corp. (ACDC) Q4 2025 Earnings Call Transcript ProFrac targets $100M cost savings and launches Machina AI suite as capital discipline advances Seeking Alpha’s Quant Rating on ProFrac Holding
Key PointsIt's been another phenomenal year for the stock market, with the S&P 500 and Nasdaq Composite hitting new highs this week, and the Dow Jones Industrial Average topping 50,000 earlier this year.
Key PointsIt's been another phenomenal year for the stock market, with the S&P 500 and Nasdaq Composite hitting new highs this week, and the Dow Jones Industrial Average topping 50,000 earlier this year.