Alberta judge ruled provincial government must consult with First Nations before collecting signatures for a proposed referendum A Canadian judge has quashed a petition for an independence referendum in Alberta after finding First Nations were not consulted, dealing a blow to separatist hopes in the country’s western province. Justice Shaina Leonard of the Court of King’s Bench on Wednesday shut d...
Alberta judge ruled provincial government must consult with First Nations before collecting signatures for a proposed referendum A Canadian judge has quashed a petition for an independence referendum in Alberta after finding First Nations were not consulted, dealing a blow to separatist hopes in the country’s western province. Justice Shaina Leonard of the Court of King’s Bench on Wednesday shut down the effort by a separatist group to hold a referendum on secession from Canada. Continue reading...
Donald Trump and Xi Jinping met at a welcome ceremony featuring honor guards and carefully choreographed pageantry. Bloomberg's Annmarie Hordern reports from Beijing. (Source: Bloomberg)
Donald Trump and Xi Jinping met at a welcome ceremony featuring honor guards and carefully choreographed pageantry. Bloomberg's Annmarie Hordern reports from Beijing. (Source: Bloomberg)
Fanuc Corp. shares soar after the company announced that it would tie up with Alphabet Inc. ’s Google in an announcement on Wednesday, broadening expectations for physical AI with robotics companies. Shares of the world’s leading maker of robot arms rallied as much as 16% to an intraday record high after it said it will team up with Google to build a new AI system for its industrial robots, using ...
Fanuc Corp. shares soar after the company announced that it would tie up with Alphabet Inc. ’s Google in an announcement on Wednesday, broadening expectations for physical AI with robotics companies. Shares of the world’s leading maker of robot arms rallied as much as 16% to an intraday record high after it said it will team up with Google to build a new AI system for its industrial robots, using tools from Google Cloud, including Gemini Enterprise. Companies such as Nvidia Corp. have intensified their collaboration with Asian companies in their physical AI drive, pushing up share prices in their partner companies in Asia. Fanuc has also accelerated its physical AI push in industrial robotics with Nvidia. Major players already understand that monetization is key for survival in AI, said Ryoutarou Sawada a senior analyst at Tokai Tokyo Intelligence Laboratory. “In Japan, there’s still much more to come. Not just Fanuc and Yaskawa, but across robotics and other hardware areas. The physical AI theme will definitely expand.” Other robotics players such as Yaskawa Electric Corp. and Nabtesco Corp. are also higher on the news.
Earnings Call Insights: Cisco Systems, Inc. (CSCO) Q3 FY 2026 Management View "Q3 was a great quarter for Cisco with our momentum accelerating and revenue and earnings per share both growing double digits and coming in above the high end of our guidance ranges," said (Chairman & CEO Charles Robbins). "We delivered record revenue of $15.8 billion in Q3, up 12% year-over-year," and "total product or...
Earnings Call Insights: Cisco Systems, Inc. (CSCO) Q3 FY 2026 Management View "Q3 was a great quarter for Cisco with our momentum accelerating and revenue and earnings per share both growing double digits and coming in above the high end of our guidance ranges," said (Chairman & CEO Charles Robbins). "We delivered record revenue of $15.8 billion in Q3, up 12% year-over-year," and "total product orders grew 35% year-over-year," said (Chairman & CEO Robbins), adding, "AI infrastructure orders taken from hyperscalers totaled $1.9 billion in Q3." "Given the strong demand, we now expect to take AI infrastructure orders of approximately $9 billion from hyperscalers in FY '26," and "We expect to recognize approximately $4 billion in AI infrastructure revenue from hyperscalers in fiscal year '26," said (Chairman & CEO Robbins). "To ensure we are capturing the significant opportunities in silicon, optics, security and AI, we announced a restructuring plan today to reallocate resources and allow us to invest in these key growth areas," said (Chairman & CEO Robbins). "Total revenue for the quarter was a record at $15.8 billion, up 12% year-over-year," and "non-GAAP earnings per share was $1.06," said (Executive VP & CFO Mark Patterson). Outlook "For fiscal Q4, our guidance is as follows: we expect revenue to be in the range of $16.7 billion to $16.9 billion" and "Non-GAAP earnings per share is expected to be in the range from $1.16 to $1.18," said (Executive VP & CFO Patterson), adding, "our Q4 and fiscal year FY '26 guide assumes current tariffs and exemptions remain in place through the end of our fiscal 2026." "Cisco is positioned for its strongest year ever as indicated in our guidance for fiscal year '26," said (Executive VP & CFO Patterson), guiding "revenue to be in the range of $62.8 billion to $63 billion" and "Non-GAAP earnings per share is expected to range from $4.27 to $4.29." Compared with the prior quarter’s full-year outlook, management raised FY '26 revenue to...
peshkov/iStock via Getty Images The following segment was excerpted from the Alger Mid Cap 40 ETF ( AMCX ) Q1 2026 Commentary. The Alger Mid Cap 40 ETF underperformed the Russell Midcap Growth Index during the first quarter of 2026. Comfort Systems USA, Inc. ( FIX ), FTAI Aviation Ltd. (FT AI ), and Vertiv Holdings ( VRT ) were among the top contributors to performance. Comfort Systems USA is a le...
peshkov/iStock via Getty Images The following segment was excerpted from the Alger Mid Cap 40 ETF ( AMCX ) Q1 2026 Commentary. The Alger Mid Cap 40 ETF underperformed the Russell Midcap Growth Index during the first quarter of 2026. Comfort Systems USA, Inc. ( FIX ), FTAI Aviation Ltd. (FT AI ), and Vertiv Holdings ( VRT ) were among the top contributors to performance. Comfort Systems USA is a leading national mechanical and electrical contractor that installs, maintains, and services HVAC, plumbing, piping, and electrical systems for commercial, industrial, and institutional buildings. The company has emerged as a critical infrastructure partner in the data center buildout, where its specialized mechanical and electrical capabilities are in high demand as hyperscalers expand capacity at an accelerating pace. During the quarter, shares contributed positively to performance after the company delivered better-than-expected fiscal fourth-quarter results, highlighted by strong revenue growth, record margins, and a backlog that nearly doubled year over year. Additionally, technology-related projects, primarily data center construction, now represent a substantially larger share of the revenue mix. FTAI Aviation is a global aviation company specializing in the acquisition, leasing, and sales of aircraft and aircraft engines, particularly focusing on CFM56 and V2500 engines. The company operates through two main segments: Aviation Leasing, which manages and leases aviation assets generating rental income, and Aerospace Products, which develops, manufactures, repairs, and sells aircraft engines and aftermarket components. FTAI primarily earns revenue from leasing fees, equipment sales, and maintenance services. We believe FTAI has established a differentiated business model that maximizes profits from a highly attractive niche within the aerospace aftermarket—used CFM56 jet engines, which dominate short- to medium-haul flights globally. During the quarter, shares contribut...
peshkov/iStock via Getty Images The following segment was excerpted from the Alger Mid Cap 40 ETF ( AMCX ) Q1 2026 Commentary. The Alger Mid Cap 40 ETF underperformed the Russell Midcap Growth Index during the first quarter of 2026. Comfort Systems USA, Inc. ( FIX ), FTAI Aviation Ltd. (FT AI ), and Vertiv Holdings ( VRT ) were among the top contributors to performance. Comfort Systems USA is a le...
peshkov/iStock via Getty Images The following segment was excerpted from the Alger Mid Cap 40 ETF ( AMCX ) Q1 2026 Commentary. The Alger Mid Cap 40 ETF underperformed the Russell Midcap Growth Index during the first quarter of 2026. Comfort Systems USA, Inc. ( FIX ), FTAI Aviation Ltd. (FT AI ), and Vertiv Holdings ( VRT ) were among the top contributors to performance. Comfort Systems USA is a leading national mechanical and electrical contractor that installs, maintains, and services HVAC, plumbing, piping, and electrical systems for commercial, industrial, and institutional buildings. The company has emerged as a critical infrastructure partner in the data center buildout, where its specialized mechanical and electrical capabilities are in high demand as hyperscalers expand capacity at an accelerating pace. During the quarter, shares contributed positively to performance after the company delivered better-than-expected fiscal fourth-quarter results, highlighted by strong revenue growth, record margins, and a backlog that nearly doubled year over year. Additionally, technology-related projects, primarily data center construction, now represent a substantially larger share of the revenue mix. FTAI Aviation is a global aviation company specializing in the acquisition, leasing, and sales of aircraft and aircraft engines, particularly focusing on CFM56 and V2500 engines. The company operates through two main segments: Aviation Leasing, which manages and leases aviation assets generating rental income, and Aerospace Products, which develops, manufactures, repairs, and sells aircraft engines and aftermarket components. FTAI primarily earns revenue from leasing fees, equipment sales, and maintenance services. We believe FTAI has established a differentiated business model that maximizes profits from a highly attractive niche within the aerospace aftermarket—used CFM56 jet engines, which dominate short- to medium-haul flights globally. During the quarter, shares contribut...
SK Hynix is on the verge of topping a $1 trillion market value, just weeks after Samsung Electronics crossed the milestone, as strong demand for artificial intelligence places South Korea at the heart of Asia's AI boom. SK Hynix shares have risen more than 200% this year, after rising an eye-watering 274% in 2025, driven by AI-related demand for both conventional memory chips and high-bandwidth...
SK Hynix is on the verge of topping a $1 trillion market value, just weeks after Samsung Electronics crossed the milestone, as strong demand for artificial intelligence places South Korea at the heart of Asia's AI boom. SK Hynix shares have risen more than 200% this year, after rising an eye-watering 274% in 2025, driven by AI-related demand for both conventional memory chips and high-bandwidth memory (HBM) chips used in AI servers. If SK Hynix joins Samsung above the trillion-dollar threshold, South Korea would become the first country outside the United States to have more than one trillion-dollar company.
US President Donald Trump (L) and China's President Xi Jinping stand for their counties' national anthems during a welcome ceremony at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images BEIJING — U.S. President Donald Trump met his Chinese counterpart Xi Jinping in Beijing on Thursday morning for a high-stakes summit that runs through Friday. The relat...
US President Donald Trump (L) and China's President Xi Jinping stand for their counties' national anthems during a welcome ceremony at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images BEIJING — U.S. President Donald Trump met his Chinese counterpart Xi Jinping in Beijing on Thursday morning for a high-stakes summit that runs through Friday. The relationship between the two countries is going to be "better than ever before," Trump told Xi in his opening remarks, according to official broadcast footage. Trump said the two leaders have known each other personally for longer than any other U.S. or Chinese president. Speaking just ahead of Trump, Xi noted the global attention on the meeting, and said a major question for the two countries was whether they could avoid the " Thucydides Trap ," a reference to how tensions historically between a rising and ruling power have often resulted in war. The two presidents are set to have multiple discussions through midday Friday. Iran, Taiwan and artificial intelligence are among the many topics the two sides are expected to discuss, on top of tariffs and rare earths. The last time a sitting U.S. president visited China was in 2017. On Thursday, Xi walked down the stairs of the Great Hall of the People in Beijing to shake hands with Trump, according to official broadcast footage. The U.S. president first shook hands with Chinese officials, followed by Xi greeting the U.S. delegation. China's top diplomat, Wang Yi and Zheng Shanjie, head of the economic planning agency, were among the Chinese representatives, the footage showed. The U.S. contingent included Secretary of State Marco Rubio as well as business executives such as Tesla's Elon Musk, Apple's Tim Cook and Nvidia's Jensen Huang. Read more Trump-Xi meeting coverage Five things to watch in Asia as Trump prepares to meet China's Xi this week For Chinese exporters, Iran worries eclipse tariff woes as Trump, Xi prepare to meet Tru...