Key PointsPatriot Financial Partners initiated a new position in TowneBank, adding 1,518,143 shares; estimated transaction value is $52.73 million based on quarterly average price.
Key PointsPatriot Financial Partners initiated a new position in TowneBank, adding 1,518,143 shares; estimated transaction value is $52.73 million based on quarterly average price.
(RTTNews) - Ahead of the long holiday weekend, the Japanese stock market ended the two-day slide in which it had tumbled more than 1,200 points or 2 percent. The Nikkei now sits just above the 59,510-point plateau and it may pick up steam on Thursday.
(RTTNews) - Ahead of the long holiday weekend, the Japanese stock market ended the two-day slide in which it had tumbled more than 1,200 points or 2 percent. The Nikkei now sits just above the 59,510-point plateau and it may pick up steam on Thursday.
Arm Holdings shares fell Wednesday evening despite the chip designer reporting a better-than-expected quarter and giving an upbeat outlook for its data center CPU business. Revenue for the company's fiscal 2026 fourth quarter ended March 31 increased 20% year-over-year to $1.49 billion, ahead of the LSEG-compiled analysts' consensus estimate of $1.47 billion. Non-GAAP earnings per share (EPS) incr...
Arm Holdings shares fell Wednesday evening despite the chip designer reporting a better-than-expected quarter and giving an upbeat outlook for its data center CPU business. Revenue for the company's fiscal 2026 fourth quarter ended March 31 increased 20% year-over-year to $1.49 billion, ahead of the LSEG-compiled analysts' consensus estimate of $1.47 billion. Non-GAAP earnings per share (EPS) increased 9% to 60 cents, beating the 58 cents expected. ARM YTD mountain Arm Holdings YTD Shares of Arm dipped roughly 6% in after-hours trading, giving back about half the gains they had during the regular session. We pointed out in Wednesday's Morning Meeting for Club members that this could happen — great numbers and a possible pullback in the stock because of the run-up ahead of the print. It's exactly what happened. The stock closed at a record high of $237 — padding out year-to-date gains to 117%. Bottom line When we started a position in Arm last month at around $170 per share, we wanted to ensure the portfolio had exposure to the data center CPU market. See, the artificial intelligence revolution has evolved in a major way over the past six months. At first, everything was about having the best graphics processing units (GPUs) to train large language models. Then the focus shifted to inference, and now those workloads are evolving again, from handling human-generated prompts to supporting continuous, agent-driven tasks. While GPUs still have a critical role to play in the future of AI, the once left for dead central processing units (CPUs) are having a major moment. This CPU renaissance was confirmed when Intel reported two weeks ago. Intel CEO Lip Bu Tan said on the April 23 earnings call that the CPU-to-GPU ratio in AI racks used to be 1-to-8. But with the rise of agentics, it's more like 1-to-4 — and in the future, it could be parity, meaning 1-to-1. In other words, a lot more CPUs are needed than a few years ago. Advanced Micro Devices told a similar story on its e...
Stellar economic development can exact a price in industrial accidents, as China found in its very high-growth years. Since then, one of its less noticed achievements – alongside lifting hundreds of millions out of extreme poverty – is to have also made mines and factories safer for those who work in them. As a result, reports of deaths and injuries in major workplace accidents are no longer so co...
Stellar economic development can exact a price in industrial accidents, as China found in its very high-growth years. Since then, one of its less noticed achievements – alongside lifting hundreds of millions out of extreme poverty – is to have also made mines and factories safer for those who work in them. As a result, reports of deaths and injuries in major workplace accidents are no longer so commonplace. Sadly, they continue to happen – everywhere, including Hong Kong. Reminders can still be...
The Supreme Court Needs A Clock Authored by Frank Miele via RealClearPolitics , The Supreme Court decides cases. But it also decides when to decide them – and that timing can be just as consequential as the ruling itself. Now we have a real-world example. In a closely watched decision last week, the Supreme Court ruled 6-3 that Louisiana’s creation of a second majority-black congressional district...
The Supreme Court Needs A Clock Authored by Frank Miele via RealClearPolitics , The Supreme Court decides cases. But it also decides when to decide them – and that timing can be just as consequential as the ruling itself. Now we have a real-world example. In a closely watched decision last week, the Supreme Court ruled 6-3 that Louisiana’s creation of a second majority-black congressional district violated the Constitution, holding that race cannot be used too heavily in drawing political maps, even to comply with the Voting Rights Act. Reasonable people can agree with that conclusion. The Constitution promises equal protection under the law, and the idea that race should not dominate redistricting decisions is consistent with that principle. For years, the court has struggled to reconcile the Voting Rights Act with the Equal Protection Clause. This ruling moves that balance in a more colorblind direction. But the substance of the ruling is only part of the story. The timing matters too. The case was argued twice – first in March 2025 and again in October – and for months it sat undecided, even as the justices’ questioning during oral arguments suggested that a conservative majority was likely to strike down race-driven congressional districts. Some observers questioned whether the delay reflected more than ordinary deliberation, given how the timing of the ruling could affect the current election cycle. But whatever the reason, states were left waiting, unsure how the law would ultimately be interpreted. Meanwhile, political calendars did not stop. In an unusual step, both Republican- and Democrat-led legislatures have been working to redraw congressional maps mid-decade, partly in response to political pressure from President Trump. But they could not know whether the court’s interpretation of the racial component of redistricting would change – or how. Each state was left without certainty as the midterm elections approached. Louisiana was already in the middle o...