The son of Myanmar’s deposed leader Aung San Suu Kyi demanded France’s help in seeking independently verified proof of his mother’s life after she was transferred to house arrest, her lawyers said. The country’s junta chief-turned-president Min Aung Hlaing on Thursday ordered the 80-year-old Nobel Peace Prize winner to be moved, five years after putting her into detention in a coup. But her son, K...
The son of Myanmar’s deposed leader Aung San Suu Kyi demanded France’s help in seeking independently verified proof of his mother’s life after she was transferred to house arrest, her lawyers said. The country’s junta chief-turned-president Min Aung Hlaing on Thursday ordered the 80-year-old Nobel Peace Prize winner to be moved, five years after putting her into detention in a coup. But her son, Kim Aris, says he has still not heard from his mother, who remains massively popular inside...
In this article SSNHZ HXSCL Follow your favorite stocks CREATE FREE ACCOUNT Close-up of logo for Samsung on research building in the Silicon Valley, Mountain View, California, October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Shares of Samsung Electronics surged more than 10% Wednesday, pushing the chip giant's market capitalization past the $1 trillion mark as investors cont...
In this article SSNHZ HXSCL Follow your favorite stocks CREATE FREE ACCOUNT Close-up of logo for Samsung on research building in the Silicon Valley, Mountain View, California, October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Shares of Samsung Electronics surged more than 10% Wednesday, pushing the chip giant's market capitalization past the $1 trillion mark as investors continued to pile into artificial intelligence-linked stocks. Samsung became the second Asian company to cross the $1 trillion mark, after TSMC. The rally followed Samsung Electronics' record first-quarter earnings last week. Operating profit surged more than eightfold to 57.2 trillion won, while revenue climbed to a record 133.9 trillion Korean won Samsung's first-quarter operating profit also topped its full-year 2025 profit of 43.6 trillion won. The rally also followed a Bloomberg report that Apple has held exploratory talks with Samsung and Intel to produce chips for Apple devices in the U.S., potentially diversifying beyond longtime supplier TSMC. Shares of South Korean chip behemoth SK Hynix also jumped more than 9%, helping push the benchmark index Kospi more than 5% to top 7,000 for the first time. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Earnings Call Insights: PennyMac Mortgage Investment Trust (PMT) Q1 2026 Management View "PMT's first quarter net income was $14 million or $0.16 per diluted common share, representing a 4% annualized return on common equity." (Chairman of the Board & CEO David Spector) "These results were impacted by a lower contribution from our interest rate sensitive strategies primarily due to a decrease in s...
Earnings Call Insights: PennyMac Mortgage Investment Trust (PMT) Q1 2026 Management View "PMT's first quarter net income was $14 million or $0.16 per diluted common share, representing a 4% annualized return on common equity." (Chairman of the Board & CEO David Spector) "These results were impacted by a lower contribution from our interest rate sensitive strategies primarily due to a decrease in servicing fees as a result of seasonality and a larger-than-expected MSR runoff related to higher note rate loans." (CEO Spector) "PMT paid a quarterly dividend of $0.40 per share and book value per share on March 31 was $14.98, down 2% from the end of the prior quarter." (CEO Spector) "We have renamed what was previously the Correspondent Production segment to the aggregation and securitization segment." (CEO Spector) "In total, during the first quarter, PMT purchased $4.3 billion in UPB of loans from PFSI." (CEO Spector) "Similar to last quarter, we completed 8 private label securitizations totaling $2.8 billion in UPB." (CEO Spector) "We remain on pace to complete approximately 30 securitizations in 2026, which we expect will build a substantial foundation of investments with returns on equity in the low to mid-teens to support future earnings." (CEO Spector) "We acknowledge our earnings, excluding market-driven value changes have been below our dividend level for the past several quarters." (CEO Spector) "As you can see, we are showing an average run rate return of $0.31 per quarter for the next year." (CEO Spector) "Net income to common shareholders was $14 million or $0.16 per diluted common share in the first quarter or a 4% annualized return on equity to common shareholders." (Senior MD & CFO Daniel Perotti) Outlook "We remain on pace to complete approximately 30 securitizations in 2026" and PMT expects those retained-investment returns "in the low to mid-teens." (CEO Spector) "We expect to maintain the common share dividend of $0.40 per share, which is supported by ...
Earnings Call Insights: The Hackett Group (HCKT) Q1 2026 Management View CEO Ted Fernandez framed the quarter around a major operating shift, saying the company is “migrating aggressively to an AI platform-enabled sales and delivery model,” adding, “No one should underestimate the magnitude of this transition” (Co-Founder, Chairman & CEO Ted Fernandez). Fernandez tied near-term results to demand c...
Earnings Call Insights: The Hackett Group (HCKT) Q1 2026 Management View CEO Ted Fernandez framed the quarter around a major operating shift, saying the company is “migrating aggressively to an AI platform-enabled sales and delivery model,” adding, “No one should underestimate the magnitude of this transition” (Co-Founder, Chairman & CEO Ted Fernandez). Fernandez tied near-term results to demand conditions and AI decision friction, stating, “Our results continue to reflect 2 realities: near-term demand pressure driven by macroeconomic uncertainty and elongated client decision cycles, primarily due to AI ROI uncertainty” (Co-Founder, Chairman & CEO Fernandez). He highlighted early delivery economics, including “Q1 project margins in our U.S. Strategy & Business Transformation Group increased by approximately 500 basis points through the leverage of our XT and XPLR platforms,” while noting this was “offset by lower utilization as we used the quarter to adjust headcount” (Co-Founder, Chairman & CEO Fernandez). On go-to-market expansion, Fernandez said, “During the quarter, we executed and launched a global go-to-market collaboration with IBM to jointly serve existing and new client pursuits,” while also cautioning, “we expect limited impact from this partnership in Q2” (Co-Founder, Chairman & CEO Fernandez). CFO Robert Ramirez summarized reported performance: “For the first quarter of 2026, our total revenues before reimbursements were $67.8 million, down 11% from the first quarter of 2025,” and “Adjusted net income and diluted earnings per share for the first quarter of 2026 totaled $8.7 million or $0.34” (CFO & Executive VP of Finance Robert Ramirez). Outlook Ramirez guided Q2 revenue before reimbursements of $68.5 million to $70 million and said, “We expect both Global S&BT and Oracle Solutions segments to be sequentially up from Q1 and down from prior year,” while SAP is expected to be year-over-year up but “sequentially down due to lower VAR sales revenues in the ...
Tech Bros Aim To Sidestep Local Resistance By Installing Mini Data Centers In Homes California-based startup Span has developed XFRA, a distributed AI-compute network that turns unused electrical capacity in residential homes and small businesses into miniature data centers. It may be one of the more ingenious workarounds yet from tech bros, as traditional data-center buildouts are increasingly de...
Tech Bros Aim To Sidestep Local Resistance By Installing Mini Data Centers In Homes California-based startup Span has developed XFRA, a distributed AI-compute network that turns unused electrical capacity in residential homes and small businesses into miniature data centers. It may be one of the more ingenious workarounds yet from tech bros, as traditional data-center buildouts are increasingly delayed or canceled , not only because of permitting bottlenecks and grid constraints, but also because of rising local opposition . Across parts of the country, ordinary folks are watching power bills surge, while AI hyperscalers are set to splurge $700 billion on data center buildouts this year alone. XFRA appears to be a convenient sidestep of local opposition by tech bros, transforming homes into miniature data center nodes. “Comprising a distributed network of compute nodes located in residential and small commercial spaces, XFRA enables both the immediate and future compute needs of hyperscalers, neoscalers and AI cloud providers,” Span revealed earlier this month. SPAN says XFRA is already running revenue-generating test units and plans a 100-unit test later this year, with broad U.S. deployment planned for 2027. This deployment next year could scale to more than 1 gigawatt of AI inference compute capacity. According to a LinkedIn video, Span CEO Arch Rao says each node contains Dell PowerEdge servers with 16 Nvidia RTX Pro 6000 Blackwell GPUs, 4 AMD EPYC CPUs, and 3 TB of RAM, connected to a 24-port gigabit switch. In the XFRA White Paper , Rao outlined how XFRA would install an “energy and compute system, including SPAN panel, whole-home battery backup system, along with the XFRA compute Node, at no cost to homeowners.” The white paper then describes how homeowners benefit from a backyard data center: “XFRA pays the homeowner a monthly rental to subsidize their energy and high-speed broadband bills such that they are a fraction of what they would normally be. This of...