ST. PETERSBURG, Fla., May 04, 2026 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ: SGC) (the “Company”), today announced its first quarter 2026 results.
ST. PETERSBURG, Fla., May 04, 2026 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ: SGC) (the “Company”), today announced its first quarter 2026 results.
A startup backed by General Catalyst Partners is in advanced talks to acquire Global Business Travel Group Inc. , the travel platform spun out of American Express Co. , according to people familiar with the matter. A deal between the buyer, Long Lake Management , and the Amex-backed business-travel company could be announced as soon as Monday, the people said, asking not to be identified because t...
A startup backed by General Catalyst Partners is in advanced talks to acquire Global Business Travel Group Inc. , the travel platform spun out of American Express Co. , according to people familiar with the matter. A deal between the buyer, Long Lake Management , and the Amex-backed business-travel company could be announced as soon as Monday, the people said, asking not to be identified because the matter is private. Long Lake is discussing paying about $9.50 a share for Amex GBT — a 60% premium to its closing price on Friday, the people added. A final agreement hasn’t been reached and details including the timing may change, or talks could still fall apart, they said. Representatives for Amex GBT, Long Lake and General Catalyst declined to comment. Amex GBT’s shares have fallen 14% in the past year. They rose 1.2% to $5.93 Friday in New York trading, giving the company a market value of about $3.1 billion. New York-based Amex GBT had been exploring a potential sale and working with advisers, Bloomberg News reported in November. American Express is still the company’s largest shareholder, owning a stake of about 30%, according to data compiled by Bloomberg. Amex GBT competes in the lucrative but fragmented business-travel market against competitors such as Booking Holdings Inc., BCD Travel and Navan Inc. Expedia Group Inc. is the third-largest shareholder in Amex GBT, data compiled by Bloomberg show. Qatar Investment Authority and Apollo Global Management Inc. are also backers. The deal could represent the first take-private for Long Lake, a growth-equity backed firm that has been trying to modernize companies in the services business, its website shows. Long Lake serves homeowners’ association businesses already, Bloomberg News has reported . General Catalyst has been pursuing a strategy to invest in startups building AI tools for industries that aren’t typically first adopters of new technology. The idea is that once regular businesses incorporate artificial inte...
Emaar Properties CEO Mohamed Alabbar says that Dubai’s property market remains resilient despite regional tensions, citing strong buyer confidence and stable collections across customers. While acknowledging short-term supply chain disruptions linked to the Strait of Hormuz closure, Alabbar expects a quick regional rebound. He spoke with Bloomberg TV's Joumanna Bercetche from the sidelines of MIIT...
Emaar Properties CEO Mohamed Alabbar says that Dubai’s property market remains resilient despite regional tensions, citing strong buyer confidence and stable collections across customers. While acknowledging short-term supply chain disruptions linked to the Strait of Hormuz closure, Alabbar expects a quick regional rebound. He spoke with Bloomberg TV's Joumanna Bercetche from the sidelines of MIITE in Abu Dhabi. (Source: Bloomberg)
Chinese electric vehicle (EV) makers – including BYD and Geely Automobile – saw their sales stabilise in April, as exports and new technologies continued to help offset weakening demand at home. BYD, the world’s largest EV manufacturer, sold 321,123 vehicles last month, a drop of more than 15 per cent compared to a year ago, according to its exchange filing on Sunday. However, compared with March,...
Chinese electric vehicle (EV) makers – including BYD and Geely Automobile – saw their sales stabilise in April, as exports and new technologies continued to help offset weakening demand at home. BYD, the world’s largest EV manufacturer, sold 321,123 vehicles last month, a drop of more than 15 per cent compared to a year ago, according to its exchange filing on Sunday. However, compared with March, April’s sales figure was nearly 7 per cent higher, while the year-on-year decline was nearly five...
Sundry Photography/iStock Editorial via Getty Images A Big Tech Name in the Midst of the AI Boom A major name in big tech, Hewlett Packard Enterprise ( HPE ), is reporting its next earnings in about a month so it is a great time to follow up on this stock that is up around +62% since my buy rating in July 2023 , when I recognized its key role and upside potential in the larger AI-driven ecosystem ...
Sundry Photography/iStock Editorial via Getty Images A Big Tech Name in the Midst of the AI Boom A major name in big tech, Hewlett Packard Enterprise ( HPE ), is reporting its next earnings in about a month so it is a great time to follow up on this stock that is up around +62% since my buy rating in July 2023 , when I recognized its key role and upside potential in the larger AI-driven ecosystem as a provider of various solutions including servers, hybrid cloud, and security. Since then, it closed on its acquisition of Juniper Networks in 2025, beat its last 4 quarterly earnings estimates, and had its price target raised by BofA Securities recently too, so today I'll be taking another look at this stock across 7 rating categories. Thesis Points Back To a Bullish View Again My followup thesis today argues for reaffirming my buy rating in 2023, despite the price growth so far, as there is further upside potential and strengths can come from AI infrastructure needs, a favorable risk profile, modest valuation, and technicals supporting a bullish case. My updated, more streamlined rating worksheet below shows how my 7 rating categories performed: HPE - rating worksheet (author) After its Juniper Acquisition, HPE Focuses On Its Huge Backlog To kick off my rating today, I considered some macro and company-specific factors that could impact growth and I gave this section a strong buy. As for the key macro growth factor to consider in this space, evidence continues pointing to the artificial intelligence /AI boom not as just another passing fad but here to stay longer, with Morgan Stanley writing in March that "with ~$2.9T in global data center construction projected through 2028, AI has become a structural force in economic expansion." AI, however, does not simply live in the clouds without there being physical infrastructure to make it possible, and so where firms like HPE and its peers come into the picture is providing that infrastructure. In fact, HPE is already dealin...
After a heroic run-up in April, the overall market is back into positive territory for the year. But that's certainly not the case for a handful of growth stocks. As veteran investors can attest, the market doesn't always get it right. Sometimes it dumps the wrong names, only to end up watching them recover en route to even higher highs. Here's a closer look at three great growth stocks that inves...
After a heroic run-up in April, the overall market is back into positive territory for the year. But that's certainly not the case for a handful of growth stocks. As veteran investors can attest, the market doesn't always get it right. Sometimes it dumps the wrong names, only to end up watching them recover en route to even higher highs. Here's a closer look at three great growth stocks that investors have dragged lower, but are worth scooping at their current prices. Continue reading
An American woman has died after plunging from a Hong Kong hotel’s 29th-floor pool deck, injuring seven people on the ground floor, one seriously. The 69-year-old, a US passport holder who had reportedly suffered from depression and stopped taking medication in March, was staying at Hotel Indigo on Queen’s Road East in Wan Chai with her husband, a police source said. Her husband reportedly left th...
An American woman has died after plunging from a Hong Kong hotel’s 29th-floor pool deck, injuring seven people on the ground floor, one seriously. The 69-year-old, a US passport holder who had reportedly suffered from depression and stopped taking medication in March, was staying at Hotel Indigo on Queen’s Road East in Wan Chai with her husband, a police source said. Her husband reportedly left the hotel at about 8am to see a doctor. The woman went to the pool deck and plunged to her death...
From "Don't Be Evil" To Drone King: Eric Schmidt's Interceptors Deployed With U.S. Troops Google's old motto, "Don't be evil," was retired for very good reasons eight years ago. On Friday, Google joined the growing list of tech firms preparing to deploy AI tools for national security work at the Department of War. But this note is not about Google. It is about Eric Schmidt's ventures in the drone ...
From "Don't Be Evil" To Drone King: Eric Schmidt's Interceptors Deployed With U.S. Troops Google's old motto, "Don't be evil," was retired for very good reasons eight years ago. On Friday, Google joined the growing list of tech firms preparing to deploy AI tools for national security work at the Department of War. But this note is not about Google. It is about Eric Schmidt's ventures in the drone warfare space, accelerated by the wars across Eurasia. Recall that earlier this year, Schmidt reportedly visited Kyiv to accelerate his drone-startup ventures, using Ukraine as a laboratory for AI drone warfare. Ukraine has become the epicenter of FPV drones, interceptor drones, and AI kill chains. This has sent " war unicorns " from around the world rushing to test their new defense tech on the modern battlefield. Continuing our coverage on Schmidt's drone warfare ventures, it appears that his California-based Project Eagle, which funded Merops AS-3 Surveyor counter-drone system, has been deployed with U.S. troops in Germany , according to Defense Blog's Dylan Malyasov . 🇺🇸 Army Sec Driscoll to HAC-D: We bought 13,000 Merops interceptor drone systems at $15,000/unit and deployed them to CENTCOM to take down Shaheds. He expects with scale they can get the purchase price down to $10,000. Merops is US built with significant Ukrainian development… pic.twitter.com/wwxvgda9Dw — Colby Badhwar (@ColbyBadhwar) April 16, 2026 Merops is an interceptor drone that offers a low-cost solution for combating Shahed/Geran-type one-way attack drones without relying on million-dollar interceptor missiles. Each of these interceptor drones reportedly costs about $15,000 and, as mass production gets underway, the price could fall well below $10,000 per unit. Malyasov added color around Schmidt's drone ventures: Merops was developed under Project Eagle, the initiative created by Eric Schmidt that operates through a network of associated companies including Swift Beat, Aurelian Industries, and Vol...
Global Net Lease ( GNL ) will acquire Modiv Industrial ( MDV ) in an all-stock deal valued at about $535M. Under the deal, Modiv Industrial shareholders will receive 1.975 shares of Global Net Lease ( GNL ) or operating partnership units for each Modiv share or OP unit they own, valuing the stock at about $18.82 per share based on GNL’s May 1, 2026, closing price. This represents a 17% premium to ...
Global Net Lease ( GNL ) will acquire Modiv Industrial ( MDV ) in an all-stock deal valued at about $535M. Under the deal, Modiv Industrial shareholders will receive 1.975 shares of Global Net Lease ( GNL ) or operating partnership units for each Modiv share or OP unit they own, valuing the stock at about $18.82 per share based on GNL’s May 1, 2026, closing price. This represents a 17% premium to Modiv’s closing share price on May 1, 2026. Completion of the transaction, which is expected in the third quarter of 2026, is subject to customary closing conditions. Upon the closing of the transaction, existing GNL stockholders are expected to own ~89% of the combined company, and Modiv stockholders are expected to own ~11%. The acquisition adds a portfolio of mission-critical U.S. industrial properties to GNL, while Modiv shareholders are expected to receive a ~25% boost in annual dividends and gain exposure to the combined company’s future growth. It is expected to be immediately 4% accretive to GNL’s AFFO per share while remaining leverage neutral, fully preserving GNL’s balance sheet strength and financial flexibility. GNL plans to fully repay all of Modiv’s existing balance sheet debt and preferred stock using its revolving credit facility and cash on hand, requiring no external capital to complete the transaction. MDV shares rose 4.6% premarket, while GNL was down -0.4%. More on Global Net Lease, Modiv Global Net Lease: Investment Grade 8% Dividend Yield, Coverage Slipping Modiv Industrial: 24 Months To Close The Valuation Gap Or They Sell The Business Modiv Industrial, Inc. (MDV) Q4 2025 Earnings Call Transcript Modiv Industrial outlines accelerated asset recycling, targets 100% manufacturing portfolio within 24 months Global Net Lease outlines $0.80–$0.84 AFFO per share guidance for 2026 while advancing portfolio transformation
Beef and olive oil costs increase the most as climate and energy shocks drive inflation, research suggests Food prices are on track to be 50% higher in November than at the start of the cost of living crisis in 2021, new research suggests. Climate and energy shocks have driven an almost quadrupling of the pace of food price growth, according to new research from the thinktank Energy and Climate In...
Beef and olive oil costs increase the most as climate and energy shocks drive inflation, research suggests Food prices are on track to be 50% higher in November than at the start of the cost of living crisis in 2021, new research suggests. Climate and energy shocks have driven an almost quadrupling of the pace of food price growth, according to new research from the thinktank Energy and Climate Intelligence Unit (ECIU), with costs rising in five years at about the same rate as they had over the previous two decades. Continue reading...
Smile/DigitalVision via Getty Images Consumer staples has delivered some sharp gains over the past month, with the top 10 performers posting returns ranging from 10% to nearly 42%, as investors rotated into defensive names amid ongoing macroeconomic uncertainty while a handful of high-momentum smaller-cap plays amplified the sector's upside. Below is a list of the top 10 performing consumer staple...
Smile/DigitalVision via Getty Images Consumer staples has delivered some sharp gains over the past month, with the top 10 performers posting returns ranging from 10% to nearly 42%, as investors rotated into defensive names amid ongoing macroeconomic uncertainty while a handful of high-momentum smaller-cap plays amplified the sector's upside. Below is a list of the top 10 performing consumer staples stocks ranked by their one-month price performance percentage. This list includes U.S.-based companies across various sub-industries within the consumer staples sector, featuring their market capitalizations and corresponding Seeking Alpha Quant Ratings. The list is topped by The Vita Coco Company, Inc. ( COCO ), with an impressive one-month gain of 41.85%. The Chefs’ Warehouse, Inc. ( CHEF ) and Coty Inc. ( COTY ) follow closely behind, with Casey’s General Stores, Inc. ( CASY ) and Freshpet, Inc. ( FRPT ) rounding out the top five performers. The Quant Ratings among these top performers vary significantly. While United Natural Foods, Inc. ( UNFI ) and Maplebear Inc. ( CART ) hold Strong Buy ratings of 4.94 and 4.50 respectively, several other stocks on the list carry Hold ratings, and Coty Inc. ( COTY ) currently holds a Sell rating of 1.79 despite its strong monthly performance. Here is the list: The Vita Coco Company, Inc. ( COCO ), 1 month performance percentage: 41.85% The Chefs’ Warehouse, Inc. ( CHEF ), 1 month performance percentage: 31.82% Coty Inc. ( COTY ), 1 month performance percentage: 21.78% Freshpet, Inc. ( FRPT ), 1 month performance percentage: 19.05% Casey’s General Stores, Inc. ( CASY ), 1 month performance percentage: 16.65% Maplebear Inc. ( CART ), 1 month performance percentage: 13.87% The Estée Lauder Companies Inc. ( EL ), 1 month performance percentage: 12.84% United Natural Foods, Inc. ( UNFI ), 1 month performance percentage: 12.10% Keurig Dr Pepper Inc. ( KDP ), 1 month performance percentage: 11.15% Primo Brands Corporation ( PRMB ), 1 month...