Andrii Dodonov/iStock via Getty Images Investment Approach Fidelity ® Diversified International Fund is a broadly diversified international equity strategy that seeks capital growth by investing primarily in stocks from foreign developed markets. We manage the fund with a long-term view, focusing on high-quality businesses with durable or improving growth prospects that are benefiting from competi...
Andrii Dodonov/iStock via Getty Images Investment Approach Fidelity ® Diversified International Fund is a broadly diversified international equity strategy that seeks capital growth by investing primarily in stocks from foreign developed markets. We manage the fund with a long-term view, focusing on high-quality businesses with durable or improving growth prospects that are benefiting from competitive advantages and are structured to achieve consistent profitability. We also value strong balance sheets, proven track records, high returns on capital and solid management teams whose interests are aligned with those of shareholders. We strive to uncover these companies through in-depth fundamental analysis, working in concert with Fidelity's global research team. While conscious of valuations, we may be willing to pay a slight premium for stocks we favor. Our disciplined investment process results in a style-consistent strategy that participates in the market in a risk-managed manner. Fund Information Manager(s): Bill Bower Trading Symbol: FDIVX Start Date: December 27, 1991 Size (in millions): $13,366.12 Morningstar Category: Foreign Large Growth Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets. Performance Summary Cumulative Annualized 3 Month YTD 1 Year 3 Year 5 Year 10 Year/ LOF 1 Fidelity Diversified International Fund Gross Expense Ratio: 0.66%2 -0.53% -0.53% 20.98% 13.55% 6.53% 8.45% MSCI EAFE Index (Net MA) -1.17% -1.17% 21.61% 13.90% 8.16% 8.62% Morningstar Foreign Large Growth -4.01% -4.01% 12.49% 8.99% 2.82% 7.42% % Rank in Morningstar Category (1% = Best) -- -- 22% 17% 16% 35% # of Funds in Morningstar Category -- -- 382 359 332 225 Click to enlarge 1 Life of Fund (LOF) if performance i...
solarseven/iStock via Getty Images The U.S. stock market’s ( SPY ) ( DIA ) ( QQQ ) cyclically adjusted valuation is approaching its most expensive level on record. The Shiller price-to-earnings ratio, commonly known as the CAPE ratio, recently stood at 42.32—putting it less than 5% below the peak reached during the dot-com bubble, according to data shared by Barchart on Thursday. A move above that...
solarseven/iStock via Getty Images The U.S. stock market’s ( SPY ) ( DIA ) ( QQQ ) cyclically adjusted valuation is approaching its most expensive level on record. The Shiller price-to-earnings ratio, commonly known as the CAPE ratio, recently stood at 42.32—putting it less than 5% below the peak reached during the dot-com bubble, according to data shared by Barchart on Thursday. A move above that prior high would mark the richest valuation reading in market history by this measure, which compares stock prices with inflation-adjusted average earnings over the past decade. Equity indices keep hitting records despite elevated interest rates, persistent inflation concerns and ongoing debate over whether artificial intelligence optimism has pushed investors too far; offsetting those headwinds, corporate earnings season has been robust. Barchart More on the Markets Why Stocks Refuse To Crash (It's Not AI) 6 Key Numbers Highlighting Continued Credit Deterioration Student Loan Defaults Surge As Treasury Assumes Collections Bessent says China will help "behind the scenes" to reopen Strait of Hormuz Midday Need to Know: Initial jobless claims rises, Oil prices stabilize & more
The post The World Needs More Lithium. This Company Cracked the Code to Better Extraction, and They’re Quickly Scaling Into Commercial Production. by Benzinga Contributors appeared first on Benzinga . Visit Benzinga to get more great content like this. Benzinga Money is a reader-supported publication. We may earn a commission from the advertisers associated with this article. Read our Advertiser D...
The post The World Needs More Lithium. This Company Cracked the Code to Better Extraction, and They’re Quickly Scaling Into Commercial Production. by Benzinga Contributors appeared first on Benzinga . Visit Benzinga to get more great content like this. Benzinga Money is a reader-supported publication. We may earn a commission from the advertisers associated with this article. Read our Advertiser Discloser . What do electric vehicles, energy storage systems, and your smartphone have in common? All of their batteries use lithium, a naturally-occurring metal that’s seeing growing demand from manufacturers around the world. Unlike other natural resources, the challenge in meeting this multi-billion dollar demand isn’t finding enough of it —it’s the 16th most-common element found in the Earth’s crust—but the extraction process. Traditional methods take up to 18 months and only recover 30% of lithium found in salt lakes or other minerals. EnergyX not only developed a better extraction process that recovers three-time the amount of lithium in a fraction of the time, they’ve also partnered with top industry leaders to put them in a position to become a global leader in the energy storage market, expected to reach $546B by 2035. They’re backed by General Motors, and recently received a $5 million grant from the U.S. Department of Energy to extract lithium from geothermal brines. They also recently acquired nearly 50k+ gross acres in the US and 100k+ acres of lithium mining rights in Chile where they are actively building one of the largest lithium production facilities in the country. Share in EnergyX’s growth by investing today. Minimum investments start at $1,000. Closing the Lithium Supply Gap Globally, less than 300,000 metric tons of lithium are mined each year using legacy methods. As EVs and rechargeable batteries become more popular, the demand for lithium is rapidly approaching that number and is expected to grow to 5 million metric tons by 2040. EnergyX’s Lithium I...
Vadzim Kushniarou/iStock via Getty Images Commercial Metals ( CMC ) up 3.1% in Thursday's trading as UBS upgraded the steel company to Buy from Neutral with an $89 price target, raised from $79, following the stock's ~40% YTD underperformance compared to peers, creating an attractive entry point as key downside risks to U.S. rebar pricing have eased. UBS analyst Andrew Jones said his changed view ...
Vadzim Kushniarou/iStock via Getty Images Commercial Metals ( CMC ) up 3.1% in Thursday's trading as UBS upgraded the steel company to Buy from Neutral with an $89 price target, raised from $79, following the stock's ~40% YTD underperformance compared to peers, creating an attractive entry point as key downside risks to U.S. rebar pricing have eased. UBS analyst Andrew Jones said his changed view reflects import pressure peaking, not accelerating, with Q1 2026 imports already tracking historical averages, the import arbitrage window closing as Turkish prices rise, and an advancing trade case. Domestic capacity also appears less disruptive, Jones said, with Hybar nearing steady state and most incremental supply concentrated among disciplined incumbents Commercial Metals ( CMC ) and Nucor ( NUE ), reinforcing a more stable, duopolistic market structure. Despite rebar lagging HRC, metal spreads remain near three-year highs, and $30-$50/st price increases point to upside, and with U.S. rebar holding at ~$900/st vs. CMC pricing in ~$780/st in 2027-28, limited USMCA carve-out risk, and growing contribution from higher quality construction businesses supporting free cash flow and multiple support, Jones sees a clear path to improving earnings visibility, including ~$1.6B in 2027 EBITDA. More on Commercial Metals Commercial Metals Q2 2026 Earnings Call Presentation Commercial Metals: Not Now, But Maybe Later In 2026E Commercial Metals Shifting To A Higher-Margin, Less-Volatile Business Mix
A zero-day exploit circulating online allows people with physical access to a Windows 11 system to bypass default BitLocker protections and gain complete access to an encrypted drive within seconds. The exploit, named YellowKey, was published earlier this week by a researcher who goes by the alias Nightmare-Eclipse. It reliably bypasses default Windows 11 deployments of BitLocker, the full-volume ...
A zero-day exploit circulating online allows people with physical access to a Windows 11 system to bypass default BitLocker protections and gain complete access to an encrypted drive within seconds. The exploit, named YellowKey, was published earlier this week by a researcher who goes by the alias Nightmare-Eclipse. It reliably bypasses default Windows 11 deployments of BitLocker, the full-volume encryption protection Microsoft provides to make disk contents off-limits to anyone without the decryption key, which is stored in a secured piece of hardware known as a trusted platform module (TPM). BitLocker is a mandatory protection for many organizations, including those that contract with governments. When one disk volume manipulates another The core of the YellowKey exploit is a custom-made FsTx folder. Online documentation of this folder is hard to find. As explained later, the directory associated with the file fstx.dll appears to involve what Microsoft calls the transactional NTFS , which allows developers to have “transactional atomicity" for file operations in transactions with a single file, multiple files, or ones that span multiple sources. Read full article Comments
Earnings Call Insights: Fermi Inc. (FRMI) Q1 2026 Management View "We're at a meaningful inflection point in Fermi America's development. With Fermi 2.0, we're moving forward from the entrepreneurial foundation that built this company to the institutional framework required to scale it" (Chairman of the Board Marius Haas). "Last month, the Board removed Toby Neugebauer from the position of Preside...
Earnings Call Insights: Fermi Inc. (FRMI) Q1 2026 Management View "We're at a meaningful inflection point in Fermi America's development. With Fermi 2.0, we're moving forward from the entrepreneurial foundation that built this company to the institutional framework required to scale it" (Chairman of the Board Marius Haas). "Last month, the Board removed Toby Neugebauer from the position of President, Chief Executive Officer and Director. He was terminated for cause" (Chairman Haas). Haas added: "The Board has carefully considered that view and rejected it outright" regarding "an immediate sale of the company." "We've established a new corporate headquarters in Dallas in addition to our permanent on-site presence in Amarillo" (Chairman Haas), and "we have actively rebuilt and expanded our commercial relationships" including that "tenant conversations that had previously stalled have been reinitiated" (Chairman Haas). "The most important message is that the market has not walked away from this asset" (Co-President Anna Bofa). Bofa also said, "We are also evaluating strategic partnerships with established and respected data center operators and infrastructure partners," and "we will announce binding agreements when they are signed and when disclosure is appropriate" (Co-President Bofa). "For the quarter, we reported a net loss of $189 million" (Interim Chief Financial Officer Robert Masson). Masson added, "we ended our quarter with $243 million in total cash" and "we have $785 million of new equipment financing facilities, anchored by $500 million from MUFG" (Interim CFO Masson). Outlook "As to the next 90 days, it is our expectation that you should measure us on delivering on these 5 key points: A secured and binding tenant agreement... that we hire our next CEO... that we deliver power at our project site and that we explore strategic partnerships" (Chairman Haas). "We fully expect it to be completed successfully by the fourth quarter of this year" (Co-President Jaco...
maybefalse/iStock Unreleased via Getty Images Alibaba: Doubling down on AI growth engine It's a good day for the markets as President Trump will soon conclude his visit to China. It comes at a pivotal moment for U.S.-China relations, especially since we are still mired in the Iranian war stalemate. And so I thought it could have given Chinese stocks a much-needed boost, especially since we would l...
maybefalse/iStock Unreleased via Getty Images Alibaba: Doubling down on AI growth engine It's a good day for the markets as President Trump will soon conclude his visit to China. It comes at a pivotal moment for U.S.-China relations, especially since we are still mired in the Iranian war stalemate. And so I thought it could have given Chinese stocks a much-needed boost, especially since we would love to have the world's largest economy and the world's second-largest economy coexist in peace. For President Trump and President Xi, I think the stakes couldn't be higher right now. Both are dealing with the rise of AI as a transformative tool. Not just for their own geopolitical playing field, but also to see whether it could help the U.S. maintain its pole position or for China to surpass U.S. leadership. So to hear that Nvidia's ( NVDA ) H200 has now finally been cleared by the U.S. administration for selective sale in China, I think it at least provides a symbolic gesture from the U.S. side to their Chinese counterparts. Now the question is whether the H200, which is actually a watered-down although still pretty capable Hopper generation, could still satisfy Chinese customers who are already diversifying into their own customized chips. Alibaba commentary on GPU chips (Alibaba FQ4 Earnings Conference) And we definitely saw that in Alibaba Group Holding Limited's ( BABA ) 4th fiscal quarter earnings , where management highlighted that they are already scaling up their T-Head chips. To me, this is an important moment. Not only for China's AI development, but also for the entire semiconductor industry. It does show that Chinese AI companies are now making significant progress in hardware. Which has been arguably the single most significant factor that past and present U.S. administrations tried to at least stymie China's ability to catch up in. So to see that Alibaba has been able to wrestle the leadership role in this area goes to show that China is starting to diversif...
In this photo illustration Hantavirus samples are seen in Ankara, Turkiye on May 6, 2026. Arman Onal | Anadolu | Getty Images The U.S. Centers for Disease Control and Prevention said there are no hantavirus cases in the country as of Thursday, as it monitors 41 people for the virus. The agency said the risk to the public remains low in the aftermath of an outbreak on a cruise ship. The World Healt...
In this photo illustration Hantavirus samples are seen in Ankara, Turkiye on May 6, 2026. Arman Onal | Anadolu | Getty Images The U.S. Centers for Disease Control and Prevention said there are no hantavirus cases in the country as of Thursday, as it monitors 41 people for the virus. The agency said the risk to the public remains low in the aftermath of an outbreak on a cruise ship. The World Health Organization has reported 11 total cases of hantavirus linked to the outbreak, including three deaths. 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.
New York-based Siren disclosed a purchase of 2,486,997 Erasca (NASDAQ:ERAS) shares in its May 14, 2026, SEC filing, an estimated $29.39 million trade based on quarterly average pricing. According to a May 14, 2026, SEC filing , Siren added 2,486,997 shares of Erasca (NASDAQ:ERAS) to its portfolio. The estimated transaction value was $29.39 million, based on the average closing price during the fir...
New York-based Siren disclosed a purchase of 2,486,997 Erasca (NASDAQ:ERAS) shares in its May 14, 2026, SEC filing, an estimated $29.39 million trade based on quarterly average pricing. According to a May 14, 2026, SEC filing , Siren added 2,486,997 shares of Erasca (NASDAQ:ERAS) to its portfolio. The estimated transaction value was $29.39 million, based on the average closing price during the first quarter of 2026. The quarter-end value of the Erasca position increased by $149.35 million, a figure that includes both the impact of the additional shares and underlying price appreciation. Erasca, Inc. is a biotechnology company specializing in the development of therapies for cancers driven by the RAS/MAPK pathway. Erasca, Inc. develops targeted oncology assets focused on RAS/MAPK pathway-driven cancers, with clinical-stage candidates addressing a range of difficult-to-treat tumors. Erasca is advancing clinical-stage candidates targeting key cancer pathways for patients with difficult-to-treat tumors. Continue reading
Cerebras Systems made a stunning stock market debut on Thursday, with shares of the artificial intelligence chipmaker surging as much as 109% above its IPO price as investor appetite for AI-linked plays showed no sign of cooling. The company's shares opened at $350, against an IPO price of...
Cerebras Systems made a stunning stock market debut on Thursday, with shares of the artificial intelligence chipmaker surging as much as 109% above its IPO price as investor appetite for AI-linked plays showed no sign of cooling. The company's shares opened at $350, against an IPO price of...
The £20,000 award for writers aged 39 or under goes to Joy Is My Middle Name, a collection about navigating race, addiction and womanhood A debut poetry collection with themes including race, addiction and womanhood has won this year’s Swansea University Dylan Thomas prize . American poet Sasha Debevec-McKenney took home the £20,000 prize – awarded to writers aged 39 or under in honour of the Wels...
The £20,000 award for writers aged 39 or under goes to Joy Is My Middle Name, a collection about navigating race, addiction and womanhood A debut poetry collection with themes including race, addiction and womanhood has won this year’s Swansea University Dylan Thomas prize . American poet Sasha Debevec-McKenney took home the £20,000 prize – awarded to writers aged 39 or under in honour of the Welsh poet Dylan Thomas, who died at that age – for her debut collection Joy Is My Middle Name. She was announced as the winner at a ceremony in Swansea, Thomas’s birthplace. Continue reading...