Rio Tinto CEO Simon Trott speaks at the China Development Forum in Beijing on March 22. Rio Tinto PLC CEO Simon Trott said the mining giant concluded that a mega-merger with Glencore wouldn’t create value and instead chose to focus on the Simandou iron ore project and key critical minerals. Responding to a Caixin question during a media briefing Monday on the sidelines of the China Development For...
Rio Tinto CEO Simon Trott speaks at the China Development Forum in Beijing on March 22. Rio Tinto PLC CEO Simon Trott said the mining giant concluded that a mega-merger with Glencore wouldn’t create value and instead chose to focus on the Simandou iron ore project and key critical minerals. Responding to a Caixin question during a media briefing Monday on the sidelines of the China Development Forum, Trott detailed the reasoning behind the aborted deal, which was officially abandoned in February.
Designer Brands press release ( DBI ): Q4 Non-GAAP EPS of -$0.31. Revenue of $713.6M. Total comparable sales decreased by 1.9%. Cash and cash equivalents totaled $50.9 million at the end of 2025, compared to $44.8 million at the end of 2024, with $101.1 million available for borrowings under our senior secured asset-based revolving credit facility. Debt totaled $435.0 million at the end of 2025, c...
Designer Brands press release ( DBI ): Q4 Non-GAAP EPS of -$0.31. Revenue of $713.6M. Total comparable sales decreased by 1.9%. Cash and cash equivalents totaled $50.9 million at the end of 2025, compared to $44.8 million at the end of 2024, with $101.1 million available for borrowings under our senior secured asset-based revolving credit facility. Debt totaled $435.0 million at the end of 2025, compared to $491.0 million at the end of 2024. Inventories totaled $563.5 million at the end of 2025, compared to $599.8 million at the end of 2024. 2026 Financial Outlook The Company has announced the following guidance for the full year 2026: Metric 2026 Guidance Designer Brands Change in Net Sales Down 1% to Up 1% Effective tax rate 40 % Diluted Earnings per Share $0.28 - $0.38 vs. consensus of $0.42 Weighted average diluted shares 58 million Click to enlarge More on Designer Brands Designer Brands Q4 2026 Earnings Preview Designer Brands appoints Sheamus Toal as CFO Seeking Alpha’s Quant Rating on Designer Brands Historical earnings data for Designer Brands Dividend scorecard for Designer Brands
(RTTNews) - French stocks drifted lower on Thursday amid lingering uncertainty about a peace deal between the U.S.-Iran, following Iran dismissing an American plan to pause the war.
(RTTNews) - French stocks drifted lower on Thursday amid lingering uncertainty about a peace deal between the U.S.-Iran, following Iran dismissing an American plan to pause the war.
U.S. President Donald Trump speaks during a ceremony for newly sworn in U.S. Secretary of the Department of Homeland Security Markwayne Mullin in the Oval Office at the White House on March 24, 2026 in Washington, DC. Chip Somodevilla | Getty Images U.S. President Donald Trump has told Iran to "get serious soon" about a peace deal with Washington, or face the consequences. "They better get serious...
U.S. President Donald Trump speaks during a ceremony for newly sworn in U.S. Secretary of the Department of Homeland Security Markwayne Mullin in the Oval Office at the White House on March 24, 2026 in Washington, DC. Chip Somodevilla | Getty Images U.S. President Donald Trump has told Iran to "get serious soon" about a peace deal with Washington, or face the consequences. "They better get serious soon, before it is too late, because once that happens, there is NO TURNING BACK, and it won't be pretty!," he posted on Truth Social early Thursday. The president described Iranian negotiators as "very different" and "strange" and said they were "begging" the U.S. to make a deal to end the war that has raged for almost four weeks. Trump's comments come after contradictory statements from Washington and Tehran regarding the status of peace talks. The U.S. has said talks over a proposed peace plan have been taking place, while Iran denies any direct interaction with Washington. Iranian Foreign Minister Abbas Araghchi reportedly told state media on Wednesday that officials were reviewing an American proposal to end the war, but said Tehran had no intention of having talks with the U.S. He added that an exchange of messages between the two countries through mediators "does not mean negotiations with the U.S.," Reuters reported. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
cemagraphics Pony AI ( PONY ) is on watch after reporting quarterly results and updating on a new partnership. Robotaxi revenue surged in the quarter, driven by successful execution of Pony AI's ( PONY ) dual-engine strategy in both China and overseas markets. However, total revenue was down 18.0% to $29.1M. The decrease was mainly influenced by the timing of project-based revenue recognition in l...
cemagraphics Pony AI ( PONY ) is on watch after reporting quarterly results and updating on a new partnership. Robotaxi revenue surged in the quarter, driven by successful execution of Pony AI's ( PONY ) dual-engine strategy in both China and overseas markets. However, total revenue was down 18.0% to $29.1M. The decrease was mainly influenced by the timing of project-based revenue recognition in licensing and applications, partially offset by an increase in robotaxi and robotruck revenue/ Gross margin was 12.7% in the quarter, compared to 21.0% for the same quarter a year ago. The decrease was primarily due to increasing revenue contribution from robotruck services. The non-GAAP loss from operations was $65.9M, compared to $48.2M a year ago, primarily driven by higher operating expenses incurred to support our ongoing business expansion and enhance our R&D capabilities. Looking ahead, Pony AI ( PONY ) expects a year of accelerating growth. The strategic partnership with Toyota ( TM ) was noted to have further enabled the mass production of the company's Gen-7 Robotaxis, securing 1,000 vehicles to directly fuel this expansion. "We will accelerate top-line growth at a faster speed, scale up fleet size to over 3,000, and expand operational areas to deploy robotaxis in more than 20 cities globally. To achieve these goals, we will employ a dual-engine strategy, together with the joint deployment model, to accelerate our top-line growth momentum in both domestic and overseas markets," highlighted CEO Dr. James Peng. In Shenzhen, robotaxi paid orders from January to mid-February were noted to have already outpaced full-year 2025 levels. Earlier, Pony AI ( PONY ) announced that its partnership in Europe with Uber ( UBER ) and Verne began. The first commercial robotaxi service in Europe will begin in Zagreb soon, with initial deployment work already underway, including public-road validation. Under the model, Pony AI ( PONY ) will provide its autonomous driving solution; Ver...
Zelensky: Trump Pressuring Him To Give Up On Donbas And End War Soon With the Ukraine war now marching into its fifth year, and with the next weather-driven " fighting season " underway, a frustrated Ukrainian President Volydymyr Zelensky says the Trump administration is pressuring him to give up the Donbas region in exchange for US security guarantees . He also claims that Russia is offering to s...
Zelensky: Trump Pressuring Him To Give Up On Donbas And End War Soon With the Ukraine war now marching into its fifth year, and with the next weather-driven " fighting season " underway, a frustrated Ukrainian President Volydymyr Zelensky says the Trump administration is pressuring him to give up the Donbas region in exchange for US security guarantees . He also claims that Russia is offering to stop providing intelligence to Iran if the United States stops giving intel to Ukraine . Last week, we reported that trilateral talks about the Ukraine war had been suspended , thanks to the United States now having to focus on executing Trump's war on Iran with Israel. However, in an interview with Reuters , Zelensky said that Trump is now pressuring Ukraine to cave on its biggest demand just to wipe the war off his to-do list . In his 2024 campaign, Trump told voters that he'd have the war settled " before I even arrive at the Oval Office ." “The Middle East definitely has an impact on President Trump , and I think on his next steps. President Trump, unfortunately, in my opinion, still chooses a strategy to put more pressure on the Ukrainian side,” he told Reuters . The principal thrust of that pressure: Ukraine giving up on its demand that the eastern Donbas region be returned to Ukraine, in exchange for US security guarantees for what's left of the Ukraine after the shooting stops. Comprising the Donetsk and Luhansk oblasts, the great majority of the Donbas is already under Russian military control. In addition to all of Luhansk and most of Donetsk, the Russian army has secured most of the Zaporizhzhia and Kherson oblasts that lie to Donbas' southwest “The Americans are prepared to finalize these guarantees at a high level once Ukraine is ready to withdraw from Donbas,” Zelensky said, adding that such a move would leave Ukraine and Europe vulnerable to Russian aggression , because ceding Donbas would also cede key defensive terrain. Zelensky also bemoaned what he says is...
Meta, YouTube ordered to pay damages, Microsoft stock off to worst three-month start to a year, Iran war puts spotlight on Taiwan risks, and more news to start your day.
Meta, YouTube ordered to pay damages, Microsoft stock off to worst three-month start to a year, Iran war puts spotlight on Taiwan risks, and more news to start your day.
Commercial Metals press release ( CMC ): Q2 Non-GAAP EPS of $1.16 misses by $0.14 . Revenue of $2.13B (+21.7% Y/Y) beats by $60M . Consolidated core EBITDA of $297.5 million in the second quarter grew by approximately 114% year-over-year. Reduced net leverage during the quarter; remain confident in achieving our goal of 2x within the previously committed timeframe "For the full fiscal year, we con...
Commercial Metals press release ( CMC ): Q2 Non-GAAP EPS of $1.16 misses by $0.14 . Revenue of $2.13B (+21.7% Y/Y) beats by $60M . Consolidated core EBITDA of $297.5 million in the second quarter grew by approximately 114% year-over-year. Reduced net leverage during the quarter; remain confident in achieving our goal of 2x within the previously committed timeframe "For the full fiscal year, we continue to anticipate the precast business will generate between $165 million and $175 million in EBITDA. " More on Commercial Metals Commercial Metals Company: Not Now, But Maybe Later In 2026E Commercial Metals Company (CMC) Shareholder/Analyst Call - Slideshow Commercial Metals Company 2026 Q1 - Results - Earnings Call Presentation Commercial Metals Q2 2026 Earnings Preview Quant snapshot: AAR, Noah Holdings lead strong buys as Blaize, Fractyl Health lag