New Zealand is weighing the purchase of advanced warships from Japan or the UK to modernise its ageing fleet and bolster its defence capability. The South Pacific nation, member of the Five Eyes intelligence-sharing network alongside Australia, the US, the UK and Canada, is focused on Japanese Mogami-class or the UK’s Type 31 frigates. Discussions are under way with the Royal Australian Navy and t...
New Zealand is weighing the purchase of advanced warships from Japan or the UK to modernise its ageing fleet and bolster its defence capability. The South Pacific nation, member of the Five Eyes intelligence-sharing network alongside Australia, the US, the UK and Canada, is focused on Japanese Mogami-class or the UK’s Type 31 frigates. Discussions are under way with the Royal Australian Navy and the UK’s Royal Navy about the frigate replacement and ongoing service arrangements, Defence Minister...
Argentina, where the MV Hondius cruise departed, consistently ranked by WHO as having highest incidence of hantavirus in region Officials and experts in Argentina are scrambling to determine if their country is the source of a deadly hantavirus outbreak that has gripped an Atlantic cruise ship, amid reports that a number of passengers have already returned to their home countries. Argentina, where...
Argentina, where the MV Hondius cruise departed, consistently ranked by WHO as having highest incidence of hantavirus in region Officials and experts in Argentina are scrambling to determine if their country is the source of a deadly hantavirus outbreak that has gripped an Atlantic cruise ship, amid reports that a number of passengers have already returned to their home countries. Argentina, where the cruise to Antarctica departed, is consistently ranked by the World Health Organization (WHO) as having the highest incidence of the rare, rodent-borne disease in Latin America. Investigators there are working to contact trace the source of contamination. Continue reading...
Fastenal (NASDAQ:FAST) is a stock built to be owned for decades, because it sells the boring, essential consumables that keep American industry running, and it has quietly compounded capital through every cycle without ever asking for attention. The case for putting it in a retirement portfolio and leaving it alone rests on three pillars: a ... Fastenal (FAST): The Quiet Compounder Nobody Talks Ab...
Fastenal (NASDAQ:FAST) is a stock built to be owned for decades, because it sells the boring, essential consumables that keep American industry running, and it has quietly compounded capital through every cycle without ever asking for attention. The case for putting it in a retirement portfolio and leaving it alone rests on three pillars: a ... Fastenal (FAST): The Quiet Compounder Nobody Talks About Is a Buy-and-Hold-Forever Stock
Earnings Call Insights: Hyster-Yale (HY) Q1 2026 Management view “During the first quarter, bookings improved sequentially, increasing 7% from the fourth quarter as we moved from the cyclical low reached in the third quarter of 2025. Backlog increased modestly, although shipments have not yet reflected this improvement.” (Director of Investor Relations and Treasury Andrea Sejba) “Revenue declined ...
Earnings Call Insights: Hyster-Yale (HY) Q1 2026 Management view “During the first quarter, bookings improved sequentially, increasing 7% from the fourth quarter as we moved from the cyclical low reached in the third quarter of 2025. Backlog increased modestly, although shipments have not yet reflected this improvement.” (Director of Investor Relations and Treasury Andrea Sejba) “Revenue declined to $795 million, driven primarily by the normalization of excess backlog and a shift towards lighter-duty, lower-priced trucks. This shift reflects a broader and more persistent change in purchasing behavior.” (Director of Investor Relations and Treasury Sejba) “In the first quarter, we reported an adjusted operating loss of $26 million, which included approximately $30 million of gross tariff costs.” (Director of Investor Relations and Treasury Sejba) “Since Liberation Day in 2025, we have incurred approximately $130 million of direct tariff-related costs, excluding indirect effects such as supplier price increases and higher steel costs.” (President, CEO, Interim Principal Financial Officer & Director Rajiv Prasad) “Based on current conditions, we expect our effective tariff rate in 2026 to increase by approximately 6% compared with 2025.” (President, CEO, Interim Principal Financial Officer & Director Prasad) “We have applied for approximately $40 million related to previously paid IEEPA tariffs through the U.S. Customs and Border Protection tape process. We also plan to seek approximately $15 million to $20 million in reimbursements from suppliers.” (President, CEO, Interim Principal Financial Officer & Director Prasad) “Commercially launched in April, the Route Runner has already secured orders from several large beverage distributors.” (President, CEO, Interim Principal Financial Officer & Director Prasad) Outlook “Looking ahead, we expect 2026 to improve compared to 2025 with profitability in the second half of the year. We anticipate the second quarter to represent ...