Only hours before Donald Trump was set to sign a long-awaited executive order on Thursday that would have called for a government safety review of new artificial intelligence models before their release, the president abruptly backed out. Despite growing public backlash to the technology and experts warning new models will pose critical security risks, Trump vowed the US government would not slow ...
Only hours before Donald Trump was set to sign a long-awaited executive order on Thursday that would have called for a government safety review of new artificial intelligence models before their release, the president abruptly backed out. Despite growing public backlash to the technology and experts warning new models will pose critical security risks, Trump vowed the US government would not slow down the AI race. During a meeting with reporters on Thursday, Trump cited both American dominance and competition with China and as his reasoning behind the reversal. “I didn’t like certain aspects of it, I postponed it,” Trump said of the executive order in the Oval Office. “We’re leading China, we’re leaving everybody, and I don’t want to do anything that’s gonna get in the way of that lead.” Trump’s postponing of the order was a victory for tech leaders who have long opposed AI regulation and spent millions lobbying against it. The decision was also the direct result of their influence, according to reports from multiple news outlets, with tech billionaires including Elon Musk, Mark Zuckerberg and former White House “AI czar” David Sacks personally urging Trump to reverse course in private phone calls. After a brief period in which the White House appeared concerned enough about potential security implications to consider restraints on frontier AI, Trump’s decision marks a return to his own earlier hands-off approach and signals a laissez-faire future. The tech industry retains its ability to pursue rapid advancement of AI regardless of the potential harms, and Silicon Valley’s leaders have successfully tested their power to kill any attempts at regulation in infancy. Powerful cybersecurity AI forces White House to consider regulation White House discussions around the order began after Anthropic last month announced its latest model, Claude Mythos, but declared that it would hold off on publicly releasing it due to safety concerns – calling the model’s ability to find ...
An early glimpse of the battle to succeed US President Donald Trump atop the Republican ticket played out last week in classic Trumpian fashion when Vice-President J.D. Vance was temporarily demoted to play press secretary. His hour-long spell fielding questions from the White House “lion’s den” press corps included statements chiding the media and the obligatory denial for ambitious politicians. ...
An early glimpse of the battle to succeed US President Donald Trump atop the Republican ticket played out last week in classic Trumpian fashion when Vice-President J.D. Vance was temporarily demoted to play press secretary. His hour-long spell fielding questions from the White House “lion’s den” press corps included statements chiding the media and the obligatory denial for ambitious politicians. “This is crazy. You guys have got to behave yourself,” he told reporters, before adding: “I’m not a future candidate, I’m a vice-president. And I really like my job.” Advertisement Vance’s turn at the podium on Tuesday followed a similar appearance two weeks earlier by Vance’s expected presidential rival, Secretary of State Marco Rubio. Interest in the horse-race has taken on salience in China after Rubio made his first-ever visit to Beijing alongside Trump despite being twice sanctioned in 2020 for his record as a China hawk and critic of human rights in Xinjiang, Hong Kong and Tibet as a senator, allegations that Beijing denies. Advertisement The early reviews in the press secretary beauty contest appeared to favour Rubio, who joked, jousted and quoted hip-hop lyrics with reporters while most of Vance’s attempts at humour fell flat.
For centuries, the United Kingdom has sculpted a reputation for being one of the world’s richest and most powerful countries — and it still is. Today, the U.K. is home to some of the globe's top financial institutions, major multinationals, and elite universities. London is one of the most influential cities on the planet, and its political machines command a lot of respect overseas. But if you re...
For centuries, the United Kingdom has sculpted a reputation for being one of the world’s richest and most powerful countries — and it still is. Today, the U.K. is home to some of the globe's top financial institutions, major multinationals, and elite universities. London is one of the most influential cities on the planet, and its political machines command a lot of respect overseas. But if you really crunch the numbers, the U.K.’s finances aren’t quite as ironclad as you might think. According to new analysis from the Institute of Economic Affairs (IEA), the average Briton is “significantly poorer than the average person in Switzerland, Singapore, the United States, Australia, and Germany.” In fact, the U.K.’s GDP now ranks 21st in the world. That means it’s effectively poorer than every U.S. state on a per-person basis. This has triggered a tidal wave of online debate, because the claim looks absolutely bonkers at first glance. After all, we’re talking about the country that gave us the Industrial Revolution, subways, and the World Wide Web. Surely that country isn’t poorer than every state in the U.S., right? Well, the data says otherwise. But as always, the reality is a little bit more complicated than all of the viral headlines you’re probably seeing online. Is the U.K. Really Poorer Than Every U.S. State? First thing’s first: let’s take a closer look at this IEA study. The U.K.'s oldest free-market think tank strategically released its latest report on the country’s economic position just weeks before the U.K’s local and regional elections in May. The group’s analysis broke down the U.K.’s GDP per capita, which is a basic measure of economic output per person in a particular area. Economists love to use GDP as a rough shorthand for productivity and living standards — although it’s important to note that it’s not the perfect method of comparison when you’re stacking countries up against one another. We'll come back to that in just a minute. Anyway, the IEA’s st...
For years, enterprise software was one of Wall Street’s safest growth trades, powered by sticky subscriptions, high margins, and the belief that businesses would keep spending on digital transformation no matter the economic backdrop. But now, one of the world’s most influential hedge funds appears to be questioning that narrative. Bridgewater Associates, founded by Ray Dalio, has exited major pos...
For years, enterprise software was one of Wall Street’s safest growth trades, powered by sticky subscriptions, high margins, and the belief that businesses would keep spending on digital transformation no matter the economic backdrop. But now, one of the world’s most influential hedge funds appears to be questioning that narrative. Bridgewater Associates, founded by Ray Dalio, has exited major positions in several high-profile SaaS names, including Salesforce (CRM), Workday (WDAY), ServiceNow (NOW), and GoDaddy (GDDY), according to its latest 13F filing. At the same time, the fund sharply increased exposure to artificial intelligence (AI) infrastructure and semiconductor plays, signaling a potential shift away from application-layer software and toward the hardware powering the AI boom. The timing is notable. Across markets, investors are increasingly debating whether generative AI could fundamentally disrupt the traditional SaaS business model by reducing the need for expensive, seat-based enterprise software. Bridgewater’s own CIOs recently warned that AI poses an “existential threat” to parts of the legacy software industry , drawing comparisons to how Amazon (AMZN) reshaped retail decades ago. What should be your next move? Stock #1: Salesforce Based in San Francisco, California, Salesforce is a global cloud software giant best known for its customer relationship management (CRM) platform and expanding suite of AI-powered enterprise tools, including Agentforce, Slack, Tableau, and Data Cloud. The company has increasingly positioned itself at the center of the enterprise AI race as businesses adopt automation and agentic workflows across sales, service, and marketing operations. Salesforce currently carries a market cap of $147.36 billion . CRM stock has struggled amid broader concerns that generative AI could disrupt the traditional SaaS business model. Shares are down 37.66% over the past 12 months and 33.57% year-to-date (YTD), significantly underperforming th...
Massive OLED TVs and Sonos speakers might be stealing the Memorial Day spotlight, but there are also plenty of great deals that won’t set you back nearly as much. In fact, some of the best discounts we’re seeing are on gadgets that retail for $50 or less, from portable chargers and 4K streaming devices to cheap(ish) security cameras . There are even some solid deals available on outdoor gear if yo...
Massive OLED TVs and Sonos speakers might be stealing the Memorial Day spotlight, but there are also plenty of great deals that won’t set you back nearly as much. In fact, some of the best discounts we’re seeing are on gadgets that retail for $50 or less, from portable chargers and 4K streaming devices to cheap(ish) security cameras . There are even some solid deals available on outdoor gear if you plan to spend time camping, hiking, or otherwise enjoying the outdoors this summer. To help you separate the good from the bad, we’ve taken the liberty to comb through thousands of deals to find an assortment of discounted products that have earned The Verge stamp of approval, whether it be a portable Bluetooth speaker , a video game , or a water filter . If you’re not beholden to $50, be sure to check out our definitive roundup of the best Memorial Day deals , which we’ll update throughout the weekend. CMF Buds Pro 2 The Buds Pro 2 offer a surprisingly robust set of features for the price, including ANC and a transparency mode that lets you tune into your surroundings. Their included charging case also features a smart dial that lets you adjust the volume, while multipoint Bluetooth support lets them connect to two devices simultaneously. Where to Buy: $69 $43 at Amazon $69 $43 at Nothing Amazon Fire TV Stick 4K Plus Amazon’s latest Fire TV Stick 4K features support for Wi-Fi 6, Dolby Atmos / Vision, and HDR10 Plus. It also runs on Fire TV’s updated OS, which offers personalized recommendations, quicker access to favorite apps, and Alexa Plus support. Where to Buy: $49.99 $29.99 at Amazon $49.99 $29.99 at Best Buy $49.99 $29.99 at Target If you want more speed and storage than the Fire TV Stick 4K Plus offers, the 4K Max is on sale for $39.99 ($20 off) at Amazon and Best Buy , which is $5 shy of its all-time low. It, too, runs on the new and improved Fire TV OS and supports Dolby Vision, HDR10 Plus, and Dolby Atmos. However, it offers faster performance, double the stora...
Bartlomiej Wroblewski/iStock via Getty Images IonQ, Inc. ( IONQ ) is back on the rise due to a return in quantum computing hype. The growth story remains less compelling under the surface. My investment thesis remains ultra Bearish on the full-stack quantum player oddly not part of the program to get U.S. government grants for equity stakes. Source: Finviz Comparing The Right Numbers As well docum...
Bartlomiej Wroblewski/iStock via Getty Images IonQ, Inc. ( IONQ ) is back on the rise due to a return in quantum computing hype. The growth story remains less compelling under the surface. My investment thesis remains ultra Bearish on the full-stack quantum player oddly not part of the program to get U.S. government grants for equity stakes. Source: Finviz Comparing The Right Numbers As well documented, IonQ spent most of 2025 loading up on firms in the quantum space. In fact, the company is still working to close the acquisition of the quantum foundry firm, SkyWater Technology ( SKYT ). For this reason, IonQ's financials aren't particularly relevant due to not using pro-forma numbers. The quantum computing company reported Q1'26 revenues of $64.7 million versus $61.9 million in the prior quarter. While IonQ's reported revenues technically jumped from $7.6 million last Q1 to $64.7 million this Q1, the very visible sign of the company buying struggling businesses was the massive losses in EBITDA. The company reported an adjusted EBITDA loss of $96.8 million, or the equivalent of $1.50 for every $1 of sales. The real big question with IonQ and any serial acquirer is the organic results. In this case, the company discusses 100% organic growth, which would suggest Q1 sales in the $15 million range from the business that existed back in Q1'25. The company has added nearly $50 million in quarterly sales now. Source: IonQ Q1'26 presentation The guidance for the year is key to the story. IonQ only forecasts Q2 revenues of $65-$68 million, basically flat with Q1, and just $260 million for all of 2026, again flat with actual Q1 numbers. The company discusses 100% organic growth, but the business isn't growing sequentially. On top of that, IonQ makes a big deal of guiding up for 2026 by $30 million at the midpoint, but the business isn't actually growing from the Q1 level. The suggestion is that the original guidance didn't fully incorporate revenues from other acquisitions, n...
Kevin Warsh has vowed to usher in “regime change” as the new chair of the Federal Reserve, but Fed watchers say there are limits to how much he can revamp on his own — and that even in areas where he can make sweeping reform, it might be smarter for him to hold back. On the most pivotal decisions, like ushering in changes to interest rates or the Fed’s $6.7 trillion balance sheet , Warsh would nee...
Kevin Warsh has vowed to usher in “regime change” as the new chair of the Federal Reserve, but Fed watchers say there are limits to how much he can revamp on his own — and that even in areas where he can make sweeping reform, it might be smarter for him to hold back. On the most pivotal decisions, like ushering in changes to interest rates or the Fed’s $6.7 trillion balance sheet , Warsh would need the Federal Open Market Committee’s backing . And while the Fed chair does have full discretion over some issues, like the frequency of his press conferences, fellow officials typically provide input before big revisions are made to other key aspects of the central bank’s communications and policy making. Should Warsh choose to buck that convention by pushing through major changes without broad support, he could find himself with few allies and diminished leverage when it really matters, former Fed staffers say. “One of his primary things he’s going to be doing is presumably trying to build a consensus, when appropriate, to lower interest rates,” said Jon Faust , who previously worked as an adviser to former chairs Jerome Powell , Janet Yellen and Ben Bernanke . “If that’s a top priority, then he won’t want to go out of his way to alienate the FOMC,” Faust added. “He’ll have an incentive to curry goodwill as much as possible.” Interest rates President Donald Trump has made it no secret that he expects Warsh to lower rates. Warsh has vowed to keep monetary policy independent from politics, but if he does want to push rate cuts, he’ll have to convince the majority of the 11 other voters on the FOMC. Right now, that looks like a tall task . With inflation accelerating amid the US-Israeli war with Iran and the labor market showing signs of stabilization , policymakers are comfortable keeping rates on hold. Some are even pushing for the Fed to signal its next move is just as likely to be a rate hike as a reduction. Balance Sheet Warsh has long been an advocate for shrinking th...
40,000 Evacuated In Southern California As Chemical Tank Threatens Leak Or Explosion Authored by Kimberley Hayek via The Epoch Times, Roughly 40,000 people in Garden Grove, a Los Angeles suburb, were evacuated on Friday after a chemical storage tank was determined to be at risk of failing and spilling thousands of gallons of toxic material or exploding. The malfunctioning tank holds methyl methacr...
40,000 Evacuated In Southern California As Chemical Tank Threatens Leak Or Explosion Authored by Kimberley Hayek via The Epoch Times, Roughly 40,000 people in Garden Grove, a Los Angeles suburb, were evacuated on Friday after a chemical storage tank was determined to be at risk of failing and spilling thousands of gallons of toxic material or exploding. The malfunctioning tank holds methyl methacrylate, a flammable and volatile chemical used in plastics manufacturing for aerospace applications, igniting widespread worries over potential toxic vapor release. The situation broke out Thursday, when the tank at a manufacturing facility started displaying signs of instability. By Friday, an update increased fears of an explosion, Orange County Fire Authority interim Chief TJ McGovern said. On Friday, employees saw that the tank was bulging, a sign it was still “actively in crisis,” as one official described it. The manufacturer said a valve had been damaged, preventing a controlled release. Firefighters were working to cool the tanks with a mechanical device operated from a safe distance, stabilizing the temperature and buying critical time, officials said. “I know I keep talking about we were handed this situation where there’s only two things that can happen: it could crack and leak, or it could blow up. That’s not acceptable to us,” Craig Covey, division chief of the Orange County Fire Authority, said in a video posted on social media. Covey added in a later video, “I have an entire team actively working locally, regionally, across the state, and across the country, to try to figure out how to fix this.” He said he is working to “get all these brilliant minds together to put a plan together, so that we don’t let this blow up.” In an earlier announcement, Covey said the tank could fail and spill up to 7,000 gallons of toxic chemicals or explode and compromise neighboring tanks. Garden Grove, which is home to 172,000 residents, is located approximately 30 miles south of...
The dollar has been the world's reserve currency for decades, but it's history goes back centuries – to before the United States was the United States. Brendan Greeley, author of the new book "The Almighty Dollar: 500 Years of the World's Most Powerful Money," joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the currency's history, explain its dominance in global financ...
The dollar has been the world's reserve currency for decades, but it's history goes back centuries – to before the United States was the United States. Brendan Greeley, author of the new book "The Almighty Dollar: 500 Years of the World's Most Powerful Money," joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the currency's history, explain its dominance in global finance, and look ahead to the role it'll play in a world in which cash is no longer king. (Source: Bloomberg)
A 68-year-old retiree with $400,000 in equities heading into 2026 has a real problem: SPY ran up 27% in the past year, but the VIX still spiked to almost 31 in late March, and the University of Michigan consumer sentiment sits at 53.3, deep in pessimistic territory. The Innovator U.S. Equity Power Buffer ETF, July ... PJUL Caps Your S&P 500 Gains at 11% While Protecting Against 40% Crashes: The Ma...
A 68-year-old retiree with $400,000 in equities heading into 2026 has a real problem: SPY ran up 27% in the past year, but the VIX still spiked to almost 31 in late March, and the University of Michigan consumer sentiment sits at 53.3, deep in pessimistic territory. The Innovator U.S. Equity Power Buffer ETF, July ... PJUL Caps Your S&P 500 Gains at 11% While Protecting Against 40% Crashes: The Math for Retirees
The French Tennis Federation (FFT) has pledged to make concrete proposals about increased prize money, player welfare and representation within the next month in talks with leading agents at the French Open. The discussions took place on Friday, the same day many players, including the world No 1s Jannik Sinner and Aryna Sabalenka, collectively decided to limit their pre-tournament media briefings...
The French Tennis Federation (FFT) has pledged to make concrete proposals about increased prize money, player welfare and representation within the next month in talks with leading agents at the French Open. The discussions took place on Friday, the same day many players, including the world No 1s Jannik Sinner and Aryna Sabalenka, collectively decided to limit their pre-tournament media briefings to 15 minutes in protest at what they regard as insufficient prize money paid by the four grand slams. The players chose to only conduct their mandatory duties, a press conference and an interview with the host broadcaster, rather than the 60 to 90 minutes they usually devote to interviews, photoshoots and other media activities. The slams allocate about 15% of their tournament revenues in prize money and the players are demanding that figure be increased to 22%, to match the percentage paid by the ATP and WTA Tours. The players are understood to have been heartened by Friday’s meeting, which included three representatives of the FFT, the players’ representative Larry Scott and a group of player agents, and regard what sources involved described as positive talks as vindicating their media boycott. One source told the Guardian that one day of direct action had achieved more than over a year of discussions behind the scenes. View image in fullscreen Aryna Sabalenka walks out of her French Open press conference after 15 minutes in protest at grand slams’ prize money. Photograph: Yoan Valat/EPA The FFT has promised to return with detailed proposals within a fortnight of next month’s final at Roland Garros, with the players adamant that an increase in prize money must take place alongside discussions over welfare and player representation. Earlier this week, Amélie Mauresmo, the Roland Garros tournament director and former world No 1, had defended the FFT’s decisions regarding this year’s prize money and their financial contributions to players. “We have a model that is very d...
spawns/iStock via Getty Images In this article will outline my bullish thesis for the quantum computing company IonQ, Inc. ( IONQ ). I will briefly discuss quantum computing, IONQ’s recent earnings report, and its valuation grade. Then I will outline my bullish thesis using my technical analysis methodology of price action, momentum, volume, and relative strength. What Is Quantum Computing? Qubits...
spawns/iStock via Getty Images In this article will outline my bullish thesis for the quantum computing company IonQ, Inc. ( IONQ ). I will briefly discuss quantum computing, IONQ’s recent earnings report, and its valuation grade. Then I will outline my bullish thesis using my technical analysis methodology of price action, momentum, volume, and relative strength. What Is Quantum Computing? Qubits anyone? Quantum computing is an emerging field of computer science that uses quantum mechanics to solve problems that standard computers don’t have the capability to solve. Standard computers use bits which are 1s and 0s and these are the basic units of information. This is a binary system in which four bits (0000, 0001, 0010, etc.) can represent 16 different values. A qubit is the basic unit of information used in quantum computing. A qubit is also represented as a 1 or a 0 but instead of being just a 1 or just a 0, a qubit can be both a 1 and a 0 at the same time. So, four qubits can represent all 16 different values at the same time. This is a massive increase in computing power. Quantum computing is believed to be well suited for encryption problems, to aid physicists in performing physical simulations, drug development, artificial intelligence, and materials science. The IonQ website offers more detailed explanations and outlines their latest quantum computers that use up to 100 physical qubits. Earnings IONQ reported its Q1 2026 earnings on May 6th. They missed their EPS estimates by $0.10 as they reported -$0.34. They did better with revenues. They reported revenues of $64.67M which beat estimates by $14.93M. The revenues are an 8x increase over the same period last year. Full year revenue guidance for 2026 was raised to $270M. While IONQ has recently received a $39M contract from the Space Development Agency, 60% of its revenues for the quarter were from commercial enterprises. Since IONQ is not yet a profitable company, management pointed out that they have $3.1B ...
US forces have redirected 100 commercial vessels during its six-week-long blockade of Iran’s ports, Central Command said. The mission, supported by more than 200 aircraft and warships including two carrier strike groups and multiple guided-missile destroyers, started enforcing the blockade on April 13 “against vessels of all nations entering or departing Iranian ports and coastal areas, including ...
US forces have redirected 100 commercial vessels during its six-week-long blockade of Iran’s ports, Central Command said. The mission, supported by more than 200 aircraft and warships including two carrier strike groups and multiple guided-missile destroyers, started enforcing the blockade on April 13 “against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman,” CENTCOM said in a post on X Saturday. The mission has “squeezed Iran economically,” CENTCOM Commander Admiral Brad Cooper said. The blockade also disabled four ships and allowed 26 vessels carrying humanitarian aid to pass, it added. Commercial shipping passing through the vital Strait of Hormuz chokepoint has been largely halted since hostilities started. Only a few ships per day — mainly Iran-linked vessels — have recently made it through the waterway, which lies to the west of the US blockade, according to ship-tracking data compiled by Bloomberg. Iran-linked vessels entering or leaving the Gulf may be switching off automated signals to avoid detection, making it harder to track flows in real time. Read More (May 8): How the Strait of Hormuz Has Become a Weapon of War: Explainer
Key Points American Express is the second-largest stock in Berkshire Hathaway's portfolio. The conglomerate has owned the credit card payment company for decades. American Express benefits from a strong brand that attracts high-spend customers. 10 stocks we like better than American Express › Every quarter, the Securities and Exchange Commission (SEC) requires institutional investors with over $10...
Key Points American Express is the second-largest stock in Berkshire Hathaway's portfolio. The conglomerate has owned the credit card payment company for decades. American Express benefits from a strong brand that attracts high-spend customers. 10 stocks we like better than American Express › Every quarter, the Securities and Exchange Commission (SEC) requires institutional investors with over $100 million in assets to list exactly what U.S. publicly traded stocks they own, how many shares they hold, and the total dollar amount of those positions. One company that investors follow religiously is Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB). Investors have finally caught a glimpse of what Berkshire bought and sold during the first quarter. The conglomerate trimmed several stocks from its portfolio, but its top three holdings remained steady: Apple (NASDAQ: AAPL), American Express (NYSE: AXP), and Coca-Cola (NYSE: KO). 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 » American Express is a quintessential Warren Buffett investment that Berkshire Hathaway has owned for decades, and there's one major reason why it remains a top holding after all these years. American Express boasts a strong economic moat In Q1, Berkshire Hathaway sold its entire stake in both Visa and Mastercard but continued to hold American Express. What separates American Express from its competitors is that it operates a closed-loop payments network, meaning it is the card issuer and network processor, and also holds and services its own credit card loans. This enables American Express to earn both network fees from transactions and interest income on its loans. Another advantage for American Express is its successful branding targeted toward high-net-worth, high-spend individuals. The company positions itself as a luxury card and off...
fengdr Uber ( UBER ) and DoorDash ( DASH ) have held preliminary talks with investors of Delivery Hero SE ( DELHY ) ahead of a potential buyout proposal for the German food delivery group, The Financial Times reported on Saturday. According to three people familiar with the matter, the U.S. companies have conducted exploratory talks to acquire multiple stakes of Delivery Hero ( DLVHF ) investors i...
fengdr Uber ( UBER ) and DoorDash ( DASH ) have held preliminary talks with investors of Delivery Hero SE ( DELHY ) ahead of a potential buyout proposal for the German food delivery group, The Financial Times reported on Saturday. According to three people familiar with the matter, the U.S. companies have conducted exploratory talks to acquire multiple stakes of Delivery Hero ( DLVHF ) investors in recent days as part of separate bids to acquire the Berlin-based e-commerce firm. Some investors have indicated a price tag above €40 ($46) per share, implying a 19% premium to the company’s closing price on Friday and a market cap of roughly €13B ($15B). It is not immediately clear what the ultimate price or terms of a finalized deal could be. Uber ( UBER ) shares fell on Friday after Bloomberg reported that the ride-hailing service provider was considering options for a full takeover of Delivery Hero ( DLVHF ). During a visit to Oslo this week to meet Kristin Skogen Lund, the chair of Delivery Hero’s ( DLVHF ) supervisory board, Uber ( UBER ) CEO Dara Khosrowshahi is said to have indicated a €33 per-share bid, which was rejected, according to the people. Uber ( UBER ), which disclosed a 19.5% stake in Delivery Hero ( DLVHF ) and another 5.6% in derivatives on Monday, is working with Morgan Stanley ( MS ) for its bid, the people said. In regulatory filings on Friday, the U.S. bank disclosed a 27% interest in Delivery Hero ( DLVHF ) primarily via equity swaps. According to the people, Delivery Hero ( DLVHF ) is considering an outright sale or a series of transactions that would separate its units in the Middle East and Korea. DoorDash ( DASH ) CEO Tony Xu is also said to have contacted Lund. The company is mainly interested in adding the group’s Middle East operations and its Turkish arm. However, DoorDash ( DASH ) hasn’t ruled out a complete takeover. Still, both companies could give up their takeover attempts, and any deal could face regulatory hurdles, the people said....
French police have temporarily suspended extra EU border checks at the port of Dover as thousands of holidaymakers faced long delays in the hot weather. Wait times of more than two hours were reported at the terminal in Kent for the cross-Channel ferry to France. The delays come a month after the EU’s entry-exit system (EES), which replaces passport stamps with a digital registration, became fully...
French police have temporarily suspended extra EU border checks at the port of Dover as thousands of holidaymakers faced long delays in the hot weather. Wait times of more than two hours were reported at the terminal in Kent for the cross-Channel ferry to France. The delays come a month after the EU’s entry-exit system (EES), which replaces passport stamps with a digital registration, became fully operational. The port of Dover said Saturday marked the “first peak period” since the new procedures were introduced. Describing the situation as “challenging”, the port of Dover posted on X: “We are pleased that Police Aux Frontières (PAF) have responded positively by invoking the article 9 clause of the EES regulations.” This allows for checks to be temporarily relaxed. “While conventional border checks will still be undertaken, this will now enable PAF to significantly reduce the border processing time,” the statement added. “We will be working with PAF and all our partners to get customers into and through the port as swiftly as possible and keep the roads clear for our local community.” Temperatures were expected to reach up to 29C in parts of England on Saturday. Images at Dover showed long queues of cars at the congested terminal, which is the departure point for ferries to Calais in northern France, a popular route for British tourists, especially at the start of the half-term school holidays. The port said passengers who missed their ferry crossing as a result of waiting times would be able to travel on the next available crossing. It warned drivers to stay in their cars and treat its staff with “kindness and respect”, adding that “unacceptable behaviour towards staff will not be tolerated”. EasyJet has called on EU countries – with a particular focus on Spain – to drop the new rules over fears that holidaymakers could lengthy delays, with the company’s chief executive, Kenton Jarvis, saying the additional checks would “put [holidaymakers] off” travelling. The EES...
For the sixth straight quarter, Home Depot (HD 0.23%) squeezed out positive U.S. same-store sales when it reported its fiscal first-quarter results on May 19. That follows a period in which the company saw its U.S. same-store sales decline for eight consecutive quarters. In a bit of irony, the stock held up very well during this tough sales stretch, but more recently, the share price is down nearl...
For the sixth straight quarter, Home Depot (HD 0.23%) squeezed out positive U.S. same-store sales when it reported its fiscal first-quarter results on May 19. That follows a period in which the company saw its U.S. same-store sales decline for eight consecutive quarters. In a bit of irony, the stock held up very well during this tough sales stretch, but more recently, the share price is down nearly 30% from its highs despite turning the corner on the sales front. Let's take a closer look at the home improvement retailer's fiscal Q1 report and prospects to see if now is a good time to buy the stock. Expand NYSE : HD Home Depot Today's Change ( -0.23 %) $ -0.71 Current Price $ 313.07 Key Data Points Market Cap $312B Day's Range $ 311.46 - $ 314.96 52wk Range $ 289.10 - $ 426.75 Volume 3M Avg Vol 4.4M Gross Margin 31.14 % Dividend Yield 2.95 % Same-store sales continue to edge higher Home Depot saw its global comparable-store sales edge up 0.6% higher in fiscal Q1, marking its fourth straight quarter of positive growth. Meanwhile, U.S. same-store sales growth increased by 0.4%. While it hasn't seen robust growth over the past year, it's been a steady improvement compared to the prior two years, as seen in the table below. Quarter/Year Same-Store Sales Growth (Decline) U.S. Same-Store Sales Growth (Decline) Q3 2022 4.3% 4.5% Q4 2022 (0.3%) (0.3%) Q1 2023 (4.5%) (4.6%) Q2 2023 (2%) (0.2%) Q3 2023 (3.1%) (3.5%) Q4 2023 (3.5%) (4%) Q1 2024 (2.8%) (3.2%) Q2 2024 (3.3%) (3.6%) Q3 2024 (1.3%) (1.2%) Q4 2024 0.8% 1.3% Q1 2025 (0.3%) 0.2% Q2 2025 1% 1.4% Q3 2025 0.2% 0.1% Q4 2025 0.4% 0.3% Q1 2026 0.6% 0.4% The same-store sales growth in Q1 was led by a 2.2% increase in average ticket size, while transactions declined by 1.3%. Big-ticket items, which the company defines as those costing $1,000 or more, rose 0.8%, while pro sales outperformed do-it-yourself buyers. Overall, nine of Home Depot's 16 product categories recorded positive same-store sales growth. Home Depot's total r...
In recent days, Astera Labs reported strong quarterly results driven by demand for its PCIe 6 connectivity and Scorpio AI data center switches, alongside high-profile presentations at J.P. Morgan’s Global Technology, Media and Communications Conference showcasing its newest AI networking solutions. These developments highlight how deeply Astera Labs’ hardware and software are embedded in global AI...
In recent days, Astera Labs reported strong quarterly results driven by demand for its PCIe 6 connectivity and Scorpio AI data center switches, alongside high-profile presentations at J.P. Morgan’s Global Technology, Media and Communications Conference showcasing its newest AI networking solutions. These developments highlight how deeply Astera Labs’ hardware and software are embedded in global AI computing servers and large-scale cloud infrastructure buildouts, underscoring its role in addressing performance bottlenecks inside modern data centers. Next, we’ll examine how this surge in AI infrastructure demand and Scorpio switch momentum could reshape Astera Labs’ existing investment narrative. Capitalize on the AI infrastructure supercycle with our selection of the converting record-breaking demand into massive cash flow. Advertisement Astera Labs Investment Narrative Recap To own Astera Labs, you need to believe AI data center spending stays healthy enough for its PCIe 6 and Scorpio switches to remain central to next generation racks, and that it can manage customer concentration and intensifying competition from larger chipmakers. The latest earnings beat and upbeat guidance reinforce the near term catalyst of Scorpio ramping across AI clusters, while the flood of analyst upgrades does little to reduce the key risk around dependence on a handful of hyperscalers. The clearest link to this story is management’s disclosure that Astera’s hardware and software now sit inside nearly 90% of global AI computing servers, alongside Q1 FY26 revenue of US$308.4 million and 93% year over year growth driven by Scorpio and PCIe 6 demand. That level of embeddedness directly supports the thesis that Scorpio P and X switches can materially raise Astera’s dollar content per rack as AI infrastructure deployments scale. Yet against this momentum, investors should also be aware that customer concentration remains high and that a shift to in house silicon or alternative fabrics could.....