Sun Summit Minerals ( SMREF ) on Thursday said it received five new mineral claims totaling 6595 hectares in British Columbia’s Toodoggone Mining District, forming the new Orbit Project jointly owned with Eagle Plains Resources ( EGPLF). The companies said the Orbit Project is located about 18 km north of Sun Summit’s JD property and east of the Theory Project. Under a formal agreement, Sun Summit...
Sun Summit Minerals ( SMREF ) on Thursday said it received five new mineral claims totaling 6595 hectares in British Columbia’s Toodoggone Mining District, forming the new Orbit Project jointly owned with Eagle Plains Resources ( EGPLF). The companies said the Orbit Project is located about 18 km north of Sun Summit’s JD property and east of the Theory Project. Under a formal agreement, Sun Summit will hold a 51% stake and Eagle Plains 49%, with Eagle Plains acting as operator. The partners said they plan to form a definitive joint venture by Dec. 31, 2026, and are preparing an exploration program for the 2026 season alongside work at the Theory and JD projects. More on Sun Summit Minerals Corp. Financial information for Sun Summit Minerals Corp.
adventtr/iStock via Getty Images BETA Technologies ( BETA ) reported its first quarter earnings and updated its full-year outlook. I initiated coverage for BETA Technologies in February with a buy rating. That report noted that the surge in the stock price on a stake disclosure from Amazon ( AMZN ) was a false flag given that the company’s filings prior to the IPO already included information on t...
adventtr/iStock via Getty Images BETA Technologies ( BETA ) reported its first quarter earnings and updated its full-year outlook. I initiated coverage for BETA Technologies in February with a buy rating. That report noted that the surge in the stock price on a stake disclosure from Amazon ( AMZN ) was a false flag given that the company’s filings prior to the IPO already included information on the existence of the Amazon stake. At the same time, I did mark the stock a speculative buy with its integrated battery technology product portfolio and a stepwise eCTOL/eVTOL certification path as differentiating elements. The stock price is now down 2.3%, underperforming the S&P 500’s 7% gain. In my view, that fits the speculative buy nature. In this report, I discuss the Q1 2026 earnings for BETA Technologies, and the updated guidance, and I update my price target. BETA Technologies Losses Widen Earnings BETA Technologies (BETA Technologies) In some sense, the financial results are not major watch items at this moment. Revenues are currently small, with Q1 revenues increasing from $9.6 million to $10.1 million. At the same time R&D spending is increasing and adjusted EBITDA losses are widening. This also makes sense. Revenues are generated through product sales and services revenues. The product revenues decreased by $1.5 million to around $1 million, driven by lower deliveries of propulsion motors and batteries. Services revenues increased 29% to $2.1 million, driven by $6.2 million higher revenues for engineering and consulting services offset by the conclusion of a $4.2 million services contract. So, right now, we are seeing no consistent growth in performance. Gross profits decreased 26% to $5.8 million while R&D increased nearly 60% to $91.7 million and general expenses increased nearly 70% to $47.1 million, leading to losses increasing 70% to $133 million and $97.2 million on an adjusted EBITDA basis. The widening losses are attributable to the development, testing,...
DALLAS, May 14, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST; SATA) (“Strive” or the “Company”) today announced that it will begin paying dividends on its Variable Rate Series A Perpetual Preferred Stock (the "SATA Stock") on a daily basis. This change will take effect on June 16, 2026, with dividends paid each business day to stockholders of record on the immediately preceding business day...
DALLAS, May 14, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST; SATA) (“Strive” or the “Company”) today announced that it will begin paying dividends on its Variable Rate Series A Perpetual Preferred Stock (the "SATA Stock") on a daily basis. This change will take effect on June 16, 2026, with dividends paid each business day to stockholders of record on the immediately preceding business day. Dividend, if and when declared, will be declared on a monthly basis for the following month's monthly dividend period. The Company's board of directors maintained the regular dividend rate per annum on the Company's SATA Stock at 13.00%, effective for the monthly periods commencing on or after May 16, 2026. The Company also announced its financial results for the first quarter ended March 31, 2026.
Rate Hikes Are Coming... Submitted by QTR's Fringe Finance What a week for macroeconomic data. We got two horrific datapoints this week that, when combined with some key comments from days ago, seem to be pushing the Fed closer to rate hikes than they’ve been in a long while. The case for rate hikes is no longer some fringe tail risk like it felt it was a year ago as inflation numbers (though stil...
Rate Hikes Are Coming... Submitted by QTR's Fringe Finance What a week for macroeconomic data. We got two horrific datapoints this week that, when combined with some key comments from days ago, seem to be pushing the Fed closer to rate hikes than they’ve been in a long while. The case for rate hikes is no longer some fringe tail risk like it felt it was a year ago as inflation numbers (though still high) appeared to be coming down. For most of last year, markets were operating under a very clean narrative that inflation would continue cooling, growth would gradually slow, and the Federal Reserve would eventually be in position to cut rates further. That framework is starting to crack. Regardless of whether investors were focused on a potentially more dovish policy direction under figures like Kevin Warsh or Stephen Miran, the Fed ultimately cannot sidestep hard inflation data. If price pressures are clearly reaccelerating, policymakers risk losing massive credibility if they continue signaling easing while inflation moves in the opposite direction. The market is being forced to confront that reality in real time. And this chart from Charlie Bilello yesterday shows exactly what that reality looks like: inflation got away from the Fed in 2020, and we haven’t been anywhere near close to returning it toward the baseline trend we have tried to revert to. In fact, the chart shows the delta between the 2% baseline target and current inflation as widening. That pressure intensified today after a major upside surprise in wholesale inflation. The latest producer price index report showed wholesale prices rose 1.4% in April, nearly triple expectations of 0.5% and well above March’s upwardly revised 0.7% increase. On an annual basis, producer prices climbed 6%, marking the biggest increase since December 2022. This matters because producer prices often serve as an early warning signal for future consumer inflation. Rising input costs eventually work their way through supply cha...
JHVEPhoto/iStock Editorial via Getty Images Fiserv ( FISV ) ( FISV:CA ) has launched agentOS, an agentic AI operating system that helps financial institutions deploy AI agents across their banking workflows. The operating system is expected to be widely available by August 2026. Shares were 3.25% higher pre-market to $54.07 during Thursday morning trading. The Milwaukee, Wisconsin-based company sa...
JHVEPhoto/iStock Editorial via Getty Images Fiserv ( FISV ) ( FISV:CA ) has launched agentOS, an agentic AI operating system that helps financial institutions deploy AI agents across their banking workflows. The operating system is expected to be widely available by August 2026. Shares were 3.25% higher pre-market to $54.07 during Thursday morning trading. The Milwaukee, Wisconsin-based company said it will initially feature four Fiserv agents: Commercial Loan Onboarding, Daily Operational Analysis and Reporting, Agentic Deposit Intelligence, and Agentic AML Triage Analysis. Six financial institutions have partnered with the financial technology solutions provider to co-develop the system - Salem Five , City National Bank, Bank OZK ( OZK ), and SouthState ( SSB ) , with two running agents - First Interstate Bank ( FIBK ) and Boulder Dam Credit Union - in beta today. agentOS is the industry's first agent marketplace built natively for banking workflows.
Merlin, Inc. press release ( MRLN ): Q1 GAAP net loss of -$90.4M, compared to -$12.7M in the first quarter of 2025. Revenue of $1M (+11.1% Y/Y). Cash, cash equivalents, and short-term investments of $122.8M at March 31, 2026, compared to $59.3M at December 31, 2025. More on Merlin, Inc. Merlin: Evolutionary Flight Autonomy, Not AI Hype Merlin raises $80M via PIPE to support program execution; shar...
Merlin, Inc. press release ( MRLN ): Q1 GAAP net loss of -$90.4M, compared to -$12.7M in the first quarter of 2025. Revenue of $1M (+11.1% Y/Y). Cash, cash equivalents, and short-term investments of $122.8M at March 31, 2026, compared to $59.3M at December 31, 2025. More on Merlin, Inc. Merlin: Evolutionary Flight Autonomy, Not AI Hype Merlin raises $80M via PIPE to support program execution; shares decline 2.5% Merlin crashes 8% on $80M PIPE raise via share issuance; dilution impact Seeking Alpha’s Quant Rating on Merlin, Inc. Historical earnings data for Merlin, Inc.
Cleveland lead best-of-seven series 3-2 Detroit had led by nine with four minutes left James Harden scored 30 points and Donovan Mitchell added 21, including seven in overtime, as the visiting Cleveland Cavaliers rallied to beat the Detroit Pistons 117-113 on Wednesday to take a 3-2 lead in the Eastern Conference semi-finals. The result leaves Detroit, the No 1 seeds in the East, just one defeat f...
Cleveland lead best-of-seven series 3-2 Detroit had led by nine with four minutes left James Harden scored 30 points and Donovan Mitchell added 21, including seven in overtime, as the visiting Cleveland Cavaliers rallied to beat the Detroit Pistons 117-113 on Wednesday to take a 3-2 lead in the Eastern Conference semi-finals. The result leaves Detroit, the No 1 seeds in the East, just one defeat from elimination. Continue reading...
As the US delegation met with their Chinese counterparts in Beijing, some hugely important topics were on the agenda. However, US Secretary of State Marco Rubio also found the time to admire the meeting room’s interior design. Footage of Rubio checking out the ceiling of one of the grand reception rooms in which President Xi Jinping hosted his US counterpart Donald Trump on Thursday went viral onl...
As the US delegation met with their Chinese counterparts in Beijing, some hugely important topics were on the agenda. However, US Secretary of State Marco Rubio also found the time to admire the meeting room’s interior design. Footage of Rubio checking out the ceiling of one of the grand reception rooms in which President Xi Jinping hosted his US counterpart Donald Trump on Thursday went viral online. The candid footage catches Rubio in the East Hall of the Great Hall of the People in Beijing,...
Starbucks' strategy shift will drive the stock even higher from where it trades now, according to TD Cowen. The research firm upgraded the coffee chain to buy from hold. It also hiked its price target on shares to $120 from $106, implying 13% upside from Wednesday's close. "Starbucks has numerous tangible drivers to deliver positive sales revisions in a strong category backdrop," analyst Andrew Ch...
Starbucks' strategy shift will drive the stock even higher from where it trades now, according to TD Cowen. The research firm upgraded the coffee chain to buy from hold. It also hiked its price target on shares to $120 from $106, implying 13% upside from Wednesday's close. "Starbucks has numerous tangible drivers to deliver positive sales revisions in a strong category backdrop," analyst Andrew Charles said Thursday in a note to clients. "As the company prioritizes labor investments, we forecast margins will recover amid our combined expectations for sales leverage, easing COGS & incentivized non-core cost cuts." TD Cowen expects Starbucks to notch a 4% increase in its same-store sales in fiscal year 2028. Its forecast comes in above the Street's consensus estimate of 3.4%, according to the analyst note. Starbucks remains in the "early innings" of a push to revitalize its operations in North America, Charles said. The cafe operator saw its sales slump for nearly two years, beginning around 2023. However, it began reversing the decline late last year. Starbucks' turnaround follows the implementation of its "Back to Starbucks" plan — a strategy to overhaul the firm's marketing, menu innovation and customer loyalty programs to boost its bottom line and stock. The plan has so far shown signs of success, with shares rising 26% year to date. If that gain holds, it would mark Starbucks' first annual gain since 2021. TD Cowen's call goes against consensus on Wall Street. Of the 40 analysts covering Starbucks, just 18 have a buy or strong buy rating on the stock, while 20 have a hold on it, LSEG data shows.