Kajdi Szabolcs/iStock via Getty Images Our thesis on Micron Technology, Inc. ( MU ), has been that risk-reward remains favorable in H1 '26, but come H2, it is time to be more cautious, and this fiscal Q2 print confirmed why. The company reported a stellar quarter, growing the top line by 75% sequentially to $23.86B, easily ahead of the expected $19.4B, and guiding for sales to grow 40% Q/Q to $33....
Kajdi Szabolcs/iStock via Getty Images Our thesis on Micron Technology, Inc. ( MU ), has been that risk-reward remains favorable in H1 '26, but come H2, it is time to be more cautious, and this fiscal Q2 print confirmed why. The company reported a stellar quarter, growing the top line by 75% sequentially to $23.86B, easily ahead of the expected $19.4B, and guiding for sales to grow 40% Q/Q to $33.5B, again comfortably ahead of expectations by +$10B, for $22.8B. Non-GAAP gross margins surged from 56.8% last quarter to 74.9% this quarter, even ahead of management’s own guidance for the 68% level. The stock, however, was down almost 3% in extended trading. YahooFinance By Thursday morning, the stock pulled back further, close to -7%, and now intra-trading has recovered slightly to -4%. Heading into this print, momentum around MU was quickly building after the market as a whole took a mini-Iran war hit, with the stock pulling back to the $370 level earlier this month before bouncing back this week, breaking resistance, and hitting new highs in the $460s. We think that, heading into H2 '26, the fuel for upside will begin to run out, much like current global oil reserves. This quarter, similar to Q1, MU’s upside didn’t really come from AI hyper-demand or high bandwidth memory ("HBM") more specifically; instead, it came from MU benefiting from price uplift on non-AI memory resulting from a supply-tight environment driven by the structural reallocation of manufacturing capacity to HBM. We know this from MU itself; last quarter, CEO Sanjay Mehrotra told us that “supply will remain substantially short of the demand for the foreseeable future” and recognized that the company can only meet 55-60% of customer demand. SK hynix and Samsung ( SSNLF ), the two biggest memory players, have confirmed the same. Keep in mind that part of what’s squeezing supply is the fact that HBM has a 3:1 trade ratio when it comes to wafer consumption per unit of memory output, meaning HBM’s architec...
Kajdi Szabolcs/iStock via Getty Images Our thesis on Micron Technology, Inc. ( MU ), has been that risk-reward remains favorable in H1 '26, but come H2, it is time to be more cautious, and this fiscal Q2 print confirmed why. The company reported a stellar quarter, growing the top line by 75% sequentially to $23.86B, easily ahead of the expected $19.4B, and guiding for sales to grow 40% Q/Q to $33....
Kajdi Szabolcs/iStock via Getty Images Our thesis on Micron Technology, Inc. ( MU ), has been that risk-reward remains favorable in H1 '26, but come H2, it is time to be more cautious, and this fiscal Q2 print confirmed why. The company reported a stellar quarter, growing the top line by 75% sequentially to $23.86B, easily ahead of the expected $19.4B, and guiding for sales to grow 40% Q/Q to $33.5B, again comfortably ahead of expectations by +$10B, for $22.8B. Non-GAAP gross margins surged from 56.8% last quarter to 74.9% this quarter, even ahead of management’s own guidance for the 68% level. The stock, however, was down almost 3% in extended trading. YahooFinance By Thursday morning, the stock pulled back further, close to -7%, and now intra-trading has recovered slightly to -4%. Heading into this print, momentum around MU was quickly building after the market as a whole took a mini-Iran war hit, with the stock pulling back to the $370 level earlier this month before bouncing back this week, breaking resistance, and hitting new highs in the $460s. We think that, heading into H2 '26, the fuel for upside will begin to run out, much like current global oil reserves. This quarter, similar to Q1, MU’s upside didn’t really come from AI hyper-demand or high bandwidth memory ("HBM") more specifically; instead, it came from MU benefiting from price uplift on non-AI memory resulting from a supply-tight environment driven by the structural reallocation of manufacturing capacity to HBM. We know this from MU itself; last quarter, CEO Sanjay Mehrotra told us that “supply will remain substantially short of the demand for the foreseeable future” and recognized that the company can only meet 55-60% of customer demand. SK hynix and Samsung ( SSNLF ), the two biggest memory players, have confirmed the same. Keep in mind that part of what’s squeezing supply is the fact that HBM has a 3:1 trade ratio when it comes to wafer consumption per unit of memory output, meaning HBM’s architec...
Severe Tropical Cyclone Narelle was poised to make landfall in far north Queensland on Friday morning, likely as a “high-end” category four system but still posing a severe threat to several remote communities. Locals took shelter early in the morning as the winds began to pick up ahead of forecast winds over 250km/h. A tracking map released by the Bureau of Meteorology on Friday morning predicted...
Severe Tropical Cyclone Narelle was poised to make landfall in far north Queensland on Friday morning, likely as a “high-end” category four system but still posing a severe threat to several remote communities. Locals took shelter early in the morning as the winds began to pick up ahead of forecast winds over 250km/h. A tracking map released by the Bureau of Meteorology on Friday morning predicted Narelle would make landfall after 7am AEST, somewhere between Lockhart River and Cape Melville in Cape York. View image in fullscreen Severe Tropical Cyclone Narelle forecast tracking map, issued at 4:47am on Friday. Illustration: Bureau of Meteorology Authorities were warning of combined threats from strong winds, heavy rain, flooding from already-swollen river systems and storm surge in coastal areas, as the cyclone arrives close to a high tide. Sustained winds of 195km/h have been measured at the centre of the cyclone, with gusts up to 270km/h. The system was tracking almost directly towards the town of Coen, which has a population of about 320. Locals said the town had been eerily calm on Thursday, but that heavy winds began to pick up about 4am. “You can hear a couple of things moving around outside now,” said Sara Watkins, owner of the local mechanic and bush pantry. “Until the wind started it was so still. It was raining but it was really still. That’s not like Coen, when it rains it pours and the wind moves about.” Climate experts said Narelle was likely fuelled by climate change, with the system moving west over the Coral Sea where sea surface temperatures have been at record highs in recent months. Higher ocean temperatures provide more fuel for cyclones, increasing their intensity. Coastal inundation will be worsened by rising sea levels and the system will also be able to produce more rainfall, also due to global heating, scientists say. Emergency warnings have been issued for the Lockhart River, Port Stewart and Coen. The Bureau of Meteorology said Narelle wou...
Alistair Berg U.S. stocks ended lower on Thursday as investors assessed more economic data and digested the Federal Reserve's decision to keep interest rates unchanged, which signaled deep concerns about the war in Iran. The benchmark S&P 500 ( SP500 ) closed -0.3%, while the Nasdaq Composite ( COMP:IND ) ended -0.3%, and the blue-chip Dow ( DJI ) finished -0.4%. Now, here are some stocks to watch...
Alistair Berg U.S. stocks ended lower on Thursday as investors assessed more economic data and digested the Federal Reserve's decision to keep interest rates unchanged, which signaled deep concerns about the war in Iran. The benchmark S&P 500 ( SP500 ) closed -0.3%, while the Nasdaq Composite ( COMP:IND ) ended -0.3%, and the blue-chip Dow ( DJI ) finished -0.4%. Now, here are some stocks to watch for after-hours on Thursday: FedEx ( FDX ) shares gained almost 9% after an earnings beat. The shipping giant gained 8.9% in Thursday after-hours trading after topping expectations on its Q3 earnings report. The company reported an 8.1% increase in revenue year-over-year, with EPS at $5.25 vs. $4.15 consensus and $4.51 a year ago. In addition, operating income was $1.62B for the quarter on an adjusted basis, and operating margin was 6.7% vs. 6.8% a year ago. Micron ( MU ) turned green in the post-market after shares experienced weakness Micron ( MU ) shares were +0.5% in post-market hours, after its shares closed -3.8%, experiencing weakness even after the memory chipmaker delivered a beat in its quarterly results, with guidance for nearly $20 per share for Q3. CFO Mark Murphy said the company plans to increase capital expenditure for the year by at least 25%. Paul Meeks, head of technology research at Freedom Capital Markets, said Micron’s ( MU ) recent decline is “a buying opportunity.” Planet Labs ( PL ) surged more than 18% after beating earnings The satellite and geospatial data platform Planet Labs ( PL ) rose an impressive 18.5% after market hours after its fourth-quarter earnings report indicated that EPS beat the expected loss of $0.05 per share. Revenue was up 41.1% year-over-year, and for 2027 Q1, the company expects revenue to be around $87-91M. More on MU, PL, and FDX Bears Cross 50% Dow Jones And U.S. Stock Market Outlook - Wall Street Gaps Down, Weak Dip-Buying Attempts AAII Sentiment Survey: Pessimism Leaps 3 things to look forward to on Friday The market i...
S&P 500 (^GSPC 0.27%) fell 0.27% to 6,606.49, the Nasdaq Composite (^IXIC 0.28%) slipped 0.28% to 22,090.69, and the Dow Jones Industrial Average (^DJI 0.44%) lost 0.44% to 46,021.43 as oil prices drove another volatile day of trading. Market movers Energy names such as ExxonMobil (XOM +0.40%) and Chevron (CVX +1.43%) extended gains today. Canadian Natural Resources (CNQ +2.95%) continued its rall...
S&P 500 (^GSPC 0.27%) fell 0.27% to 6,606.49, the Nasdaq Composite (^IXIC 0.28%) slipped 0.28% to 22,090.69, and the Dow Jones Industrial Average (^DJI 0.44%) lost 0.44% to 46,021.43 as oil prices drove another volatile day of trading. Market movers Energy names such as ExxonMobil (XOM +0.40%) and Chevron (CVX +1.43%) extended gains today. Canadian Natural Resources (CNQ +2.95%) continued its rally. The stock has surged 60% in the past six months. Micron Technology (MU 3.71%) fell despite strong quarterly results as investors weighed wider unease and spending concerns. Alibaba Group (BABA 7.02%) dropped sharply on disappointing earnings. Gold miner Newmont (NEM 6.89%) tumbled nearly 9% on plummeting bullion prices. Industrial bellwethers GE Aerospace (GE 3.22%) and Boeing (BA 2.27%) each sank amid broad aerospace selling. What this means for investors Oil prices again pressured markets today after Brent crude spiked briefly above $119 a barrel before falling back to $108 at close. U.S. stocks pared losses in the final hours of trading, finishing with slight losses. Strikes on Middle Eastern energy facilities intensified fears that energy prices would remain elevated even after the conflict ends. The Federal Reserve’s comments about inflation added to the risk-off sentiment, weighing on tech stocks, industrials, and consumer staples. Mortgage rates climbed to their highest level in three months. JPMorgan Chase cut its 2026 year-end target for the S&P 500. It joined other investment firms in warning that the Iran conflict could slow global growth. The firm said the assumption that elevated oil prices would be short-lived had led to a sense of complacency.
Expand NASDAQ : RIVN Rivian Automotive Today's Change ( 3.70 %) $ 0.57 Current Price $ 16.11 Key Data Points Market Cap $19B Day's Range $ 15.55 - $ 17.11 52wk Range $ 10.36 - $ 22.69 Volume 2.8M Avg Vol 31M Gross Margin -276.59 % Rivian Automotive (RIVN +3.70%), which designs and manufactures electric pickup trucks and SUVs, closed Thursday at $16.12, up 3.80%. Shares rose after Uber Technologies...
Expand NASDAQ : RIVN Rivian Automotive Today's Change ( 3.70 %) $ 0.57 Current Price $ 16.11 Key Data Points Market Cap $19B Day's Range $ 15.55 - $ 17.11 52wk Range $ 10.36 - $ 22.69 Volume 2.8M Avg Vol 31M Gross Margin -276.59 % Rivian Automotive (RIVN +3.70%), which designs and manufactures electric pickup trucks and SUVs, closed Thursday at $16.12, up 3.80%. Shares rose after Uber Technologies (UBER 1.60%) announced plans to invest up to $1.25 billion through 2031 to deploy Rivian’s R2 SUVs as robotaxis. Investors are watching execution milestones on autonomy and volume commitments. Trading volume reached 75.4 million shares, coming in about 132% above its three-month average of 32.6 million shares. Rivian Automotive IPO'd in 2021 and has fallen 84% since going public. How the markets moved today S&P 500 slipped 0.28% to 6,606, while the Nasdaq Composite also fell 0.28% to 22,091. Among electric vehicle manufacturing peers, Tesla closed at $380.30, down 3.18%, while Lucid Group finished at $10.30, up 3.52%, reflecting mixed sentiment across the sector. What this means for investors Uber announced plans to invest up to $1.25 billion in Rivian to provide it (or its partners) with “10,000 fully autonomous R2 robotaxis with the option to purchase up to 40,000 more in 2030.” The robotaxis will initially be deployed in Miami and San Francisco in 2028, potentially expanding to 25 cities by 2031. The initial $300 million cash infusion will help Rivian continue ramping up its mass-market EV manufacturing volume, which should keep improving the company’s margins over time. That said, Rivian is still a ways off from consistent profitability and cash generation, so the stock is best left for risk-tolerant investors. However, home to partnerships with Uber, Amazon, and Volkswagen, Rivian will be well supported.
Rivian Automotive (NASDAQ:RIVN), which designs and manufactures electric pickup trucks and SUVs, closed Thursday at $16.12, up 3.80%. Shares rose after Uber Technologies (NYSE:UBER) announced plans to invest up to $1.25 billion through 2031 to deploy Rivian’s R2 SUVs as robotaxis. Investors are watching execution milestones on autonomy and volume commitments. Trading volume reached 75.4 million sh...
Rivian Automotive (NASDAQ:RIVN), which designs and manufactures electric pickup trucks and SUVs, closed Thursday at $16.12, up 3.80%. Shares rose after Uber Technologies (NYSE:UBER) announced plans to invest up to $1.25 billion through 2031 to deploy Rivian’s R2 SUVs as robotaxis. Investors are watching execution milestones on autonomy and volume commitments. Trading volume reached 75.4 million shares, coming in about 132% above its three-month average of 32.6 million shares. Rivian Automotive IPO'd in 2021 and has fallen 84% since going public. How the markets moved today S&P 500 slipped 0.28% to 6,606, while the Nasdaq Composite also fell 0.28% to 22,091. Among electric vehicle manufacturing peers, Tesla closed at $380.30, down 3.18%, while Lucid Group finished at $10.30, up 3.52%, reflecting mixed sentiment across the sector. What this means for investors Uber announced plans to invest up to $1.25 billion in Rivian to provide it (or its partners) with “10,000 fully autonomous R2 robotaxis with the option to purchase up to 40,000 more in 2030.” The robotaxis will initially be deployed in Miami and San Francisco in 2028, potentially expanding to 25 cities by 2031. The initial $300 million cash infusion will help Rivian continue ramping up its mass-market EV manufacturing volume, which should keep improving the company’s margins over time. That said, Rivian is still a ways off from consistent profitability and cash generation, so the stock is best left for risk-tolerant investors. However, home to partnerships with Uber, Amazon, and Volkswagen, Rivian will be well supported. Should you buy stock in Rivian Automotive right now? Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rivian Automotive wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list...
The dollar index (DXY00) on Thursday fell by -0.75%. The dollar was under pressure Thursday after the British pound, the euro, and the Japanese yen all rallied following hawkish comments from the BOE, ECB, and BOJ on the inflationary effects of soaring energy prices from the war in Iran. Losses in the dollar accelerated on Thursday after the US Jan new home sales fell more than expected to a 3.25-...
The dollar index (DXY00) on Thursday fell by -0.75%. The dollar was under pressure Thursday after the British pound, the euro, and the Japanese yen all rallied following hawkish comments from the BOE, ECB, and BOJ on the inflationary effects of soaring energy prices from the war in Iran. Losses in the dollar accelerated on Thursday after the US Jan new home sales fell more than expected to a 3.25-year low. Thursday's stock market weakness boosted some liquidity demand for the dollar. Also, Thursday's US economic news on weekly jobless claims and the Mar Philadelphia Fed business outlook survey were hawkish for Fed policy. The dollar also has carryover support from Wednesday, when Fed Chair Powell said there will be no Fed rate cut unless there is progress on inflation. Join 200K+ Subscribers: US weekly initial unemployment claims unexpectedly fell -8,000 to a 9-week low of 205,000, showing a stronger labor market than expectations of an increase to 215,000. The Mar US Philadelphia Fed business outlook survey unexpectedly rose by +1.8 to a 6-month high of 18.1, beating expectations of a decline to 8.0. US Jan new home sales fell -17.6% m/m to a 3.25-year low of 587,000, weaker than expectations of 722,000. Swaps markets are discounting the odds at 6% for a +25 bp rate hike at the April 28-29 FOMC meeting. The dollar continues to be undercut by a poor outlook for interest rate differentials, with the FOMC expected to cut interest rates by at least -25 bp in 2026, while the BOJ and ECB are expected to raise rates by at least +25 bp in 2026. EUR/USD (^EURUSD) on Thursday rallied to a 1-week high and rose by +1.40%. The euro rallied sharply on Thursday amid a weaker dollar. Also, soaring European bond yields have strengthened the euro's interest rate differentials after the 10-year German Bund yield rose to a 2.25-year high Thursday at 3.011%. The euro raced to its high on Thursday afternoon when crude oil prices gave up a sharp advance and turned lower. Negative factors...
In trading on Thursday, shares of Dakota Gold Corp (Symbol: DC) crossed below their 200 day moving average of $4.86, changing hands as low as $4.52 per share. Dakota Gold Corp shares are currently trading down about 4.5% on the day. The chart below shows the one year performance of DC shares, versus its 200 day moving average: Looking at the chart above, DC's low point in its 52 week range is $2.4...
In trading on Thursday, shares of Dakota Gold Corp (Symbol: DC) crossed below their 200 day moving average of $4.86, changing hands as low as $4.52 per share. Dakota Gold Corp shares are currently trading down about 4.5% on the day. The chart below shows the one year performance of DC shares, versus its 200 day moving average: Looking at the chart above, DC's low point in its 52 week range is $2.401 per share, with $7.25 as the 52 week high point — that compares with a last trade of $4.74. Click here to find out which 9 other metals stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The Disney-owned network said that it "made the decision to not move forward with the new season at this time" after footage of Taylor Frankie Paul emerged on Thursday appearing to show her in an altercation with her ex-partner in 2023.
The Disney-owned network said that it "made the decision to not move forward with the new season at this time" after footage of Taylor Frankie Paul emerged on Thursday appearing to show her in an altercation with her ex-partner in 2023.
Check out the companies making the biggest moves after the bell: FedEx — The package delivery giant popped 9% on fiscal third-quarter results that beat the Street. FedEx earned $5.25 per share, excluding certain items, on revenue of $24 billion. Analysts polled by LSEG expected a profit of $4.09 per share on revenue of $23.43 billion. The company also hiked its fiscal year earnings guidance. Plane...
Check out the companies making the biggest moves after the bell: FedEx — The package delivery giant popped 9% on fiscal third-quarter results that beat the Street. FedEx earned $5.25 per share, excluding certain items, on revenue of $24 billion. Analysts polled by LSEG expected a profit of $4.09 per share on revenue of $23.43 billion. The company also hiked its fiscal year earnings guidance. Planet Labs — Shares of the satellite imagery company surged 19% on better-than-expected results for the fourth quarter . Planted Labs broke even on an adjusted basis for the period, while analysts polled by FactSet had forecast a loss of 5 cents per share. First quarter and full-year revenue guidance also exceeded expectations. Firefly Aerospace — The space transportation stock gained 8% on fourth-quarter results that topped expectations. Firefly lost 38 cents per share, excluding certain items, on revenue of $57.7 million. Analysts expected a loss of 49 cents per share on revenue of $52.4 million, according to FactSet. Scholastic — The publisher and producer of educational content climbed 9% after the company reported a smaller-than-expected loss for the third quarter . Scholastic lost an adjusted 15 cents per share, while analysts polled by FactSet had forecast a loss of 37 cents per share.
Image source: The Motley Fool. Thursday, March 19, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — James E. Dentzer Chief Financial Officer — Diantha Duvall Chief Medical Officer — Ahmed M. Hamdy Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Net Income -- $19.4 million, or $1.23 per share, driven by a $27.2 million one-time non-cash gain from the Erive...
Image source: The Motley Fool. Thursday, March 19, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — James E. Dentzer Chief Financial Officer — Diantha Duvall Chief Medical Officer — Ahmed M. Hamdy Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Net Income -- $19.4 million, or $1.23 per share, driven by a $27.2 million one-time non-cash gain from the Erivedge sale to Oberland. -- $19.4 million, or $1.23 per share, driven by a $27.2 million one-time non-cash gain from the Erivedge sale to Oberland. Revenue Outlook -- Diantha Duvall said, "there will be no meaningful revenue" going forward after the wind-down of Erivedge royalties in November 2025. -- Diantha Duvall said, "there will be no meaningful revenue" going forward after the wind-down of Erivedge royalties in November 2025. Net Loss (Full Year) -- $7.6 million, or $0.58 per share, a reduction from a $43.4 million loss, or $6.88 per share, previously reported. -- $7.6 million, or $0.58 per share, a reduction from a $43.4 million loss, or $6.88 per share, previously reported. Research & Development Expenses -- $5.8 million for the quarter, down from $9.0 million due to lower manufacturing, employee, and clinical costs. -- $5.8 million for the quarter, down from $9.0 million due to lower manufacturing, employee, and clinical costs. General & Administrative Expenses -- $2.9 million for the quarter, an improvement from $3.4 million, primarily from lower employee-related expenses. -- $2.9 million for the quarter, an improvement from $3.4 million, primarily from lower employee-related expenses. Cash Position -- Cash and equivalents as of December 31, 2025, plus $20.2 million initial proceeds from a January 2026 PIPE and potential further $20.2 million upon milestone, are expected to fund operations into 2027. -- Cash and equivalents as of December 31, 2025, plus $20.2 million initial proceeds from a January 2026 PIPE and potential further $20.2 million upon milestone, are exp...
(Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Ontario, March 19, 2026 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the fourth quarter 2025. QUARTERLY HIGHLIGHTS: Record annual ...
(Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Ontario, March 19, 2026 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the fourth quarter 2025. QUARTERLY HIGHLIGHTS: Record annual sales of $898 million, a 13.9% increase versus 2024; Quarterly adjusted EBITDA of $38.7 million, or 13.5% of sales; Record annual adjusted EBITDA of $133.3 million, or 14.8% of sales; Quarterly adjusted earnings per share of $1.98. Earnings per share of $1.28; Annual adjusted earnings per share of $6.81. Earnings per share of $6.07; Backlog is 122% higher than Q4 2024 “HPS delivered a strong finish to 2025, with fourth quarter sales of $254.1 million and record annual sales of $898.3 million, an increase of 13.9% over 2024,” said Adrian Thomas, Chief Executive Officer of Hammond Power Solutions. “Growth was driven by continued strength in the U.S., particularly in private label and custom-engineered solutions supporting data centre expansion, infrastructure investment and industrial electrification. Custom and higher-value solutions continued to outpace standard products, reflecting sustained demand for resilient power systems.” “Our backlog at December 31, 2025 increased 122% year over year and 74% sequentially, providing meaningful revenue visibility entering 2026. With expanded capacity in Mexico and operational improvements across our footprint, we are positioned to convert this demand efficiently. These investments strengthen our ability to support customers across electrification and digital infrastructure markets as they continue to scale.” Geography Quarter 4, 2025 Quarter 4, 2024 $ Change % Change YTD 2025 YTD 2024 $ Change % Change U.S. & Mexico* 175,419 140,894 34,525 24.5 % 631,921 534,888 97,033 18.1 % Canada 72,374 58,324 14,050 24.1 % 233,981 215,394 18,587 8...
Federal student loans will move to Treasury, further shrinking Education Department toggle caption Alex Brandon/AP The Trump administration announced Thursday a three-phase transition that will move significant management of and responsibility for the nation's federal student loan portfolio from the U.S. Education Department to the U.S. Treasury Department. The administration says the Treasury Dep...
Federal student loans will move to Treasury, further shrinking Education Department toggle caption Alex Brandon/AP The Trump administration announced Thursday a three-phase transition that will move significant management of and responsibility for the nation's federal student loan portfolio from the U.S. Education Department to the U.S. Treasury Department. The administration says the Treasury Department is better equipped to, among other things, help millions of borrowers who are in default return to repayment on their loans, though the move is also political: The latest sign of President Trump's efforts to close the Education Department. Sponsor Message "As the Federal student aid portfolio soars to nearly $1.7 trillion and with nearly a quarter of student loan borrowers in default, Americans know that the Department of Education has failed to effectively manage and deliver these critical programs," said U.S. Secretary of Education Linda McMahon in a press release. "By leveraging Treasury's world-renowned expertise in finance and economic policy, we are confident that American students, borrowers, and taxpayers will finally have functioning programs after decades of mismanagement." More than 40 million borrowers hold federal student loans. According to the interagency agreement obtained by NPR, the deal's first phase will see Treasury resuming control of collecting on defaulted student loans, an authority it has long held but deferred to the Education Department. A senior Education Department official told reporters that 9.2 million borrowers were in default as of the beginning of March, with another 2.4 million in late-stage delinquency on their payments. The agreement's second phase expands Treasury's management beyond defaulted loans to include servicing much of what's left, even the Education Department's non-defaulted debts, "to the extent practicable, following Treasury's assessment of the portfolio and its operations." The third and final phase would see Tr...
Kalshi ( KALSHI ), the closely held predictions market platform, raised more than $1B in a funding round that gives it a valuation double that of its last financing round, according to a media report on Thursday. The latest funding round, led by Coatue Management, values the company at $22B, compared with its December 2025 funding round that put its value at $11B, Bloomberg News reported, citing a...
Kalshi ( KALSHI ), the closely held predictions market platform, raised more than $1B in a funding round that gives it a valuation double that of its last financing round, according to a media report on Thursday. The latest funding round, led by Coatue Management, values the company at $22B, compared with its December 2025 funding round that put its value at $11B, Bloomberg News reported, citing a person familiar with the matter. The company's annual run rate is currently $1.5B, the person said . Kalshi declined to comment to Seeking Alpha about the fundraising. The fundraising demonstrates investor appetite for exposure to the rapidly growing prediction market despite the increased regulatory scrutiny on the sector. Earlier this week, Arizona's attorney general filed criminal charges against Kalshi for allegedly running an "illegal gambling operation." Kalshi filed a federal lawsuit seeking to block the state from enforcing state anti-gambling laws against its CFTC-regulated sports events contracts. The Wall Street Journal originally reported the latest funding round. More on Kalshi Inc Fox and Kalshi are discussing a serious partnership - report Kalshi says institutional adoption 'already here' as brokers bring event bets to Wall Street Senator introduces legislation to regulate prediction markets
When we think about the existential threats of new technology, we’re usually thinking about something like the recent negotiations between Anthropic and the Pentagon over how AI can be used in the military. It’s terrifying to think about — how long will it be before a nuclear weapon can be detonated without any human intervention? We’ve been spending so much time thinking about these potential cat...
When we think about the existential threats of new technology, we’re usually thinking about something like the recent negotiations between Anthropic and the Pentagon over how AI can be used in the military. It’s terrifying to think about — how long will it be before a nuclear weapon can be detonated without any human intervention? We’ve been spending so much time thinking about these potential catastrophes that we haven’t braced ourselves for the more immediate danger in our midst: dancing robots. A dancing robot at the hot pot restaurant Haidilao in Cupertino, California, boogied a little too hard, got too close to a table, and started smashing plates and sending dishware and chopsticks everywhere, prompting the restaurant’s staff to intervene, according to a video posted on the Chinese social network Xiaohongshu by user Meooow. A dancing humanoid robot got a little too funky during a performance in Cupertino, California and had to be restrained by staff after knocking items off a table. pic.twitter.com/nZQsGoFHn6 — ABC News (@ABC) March 19, 2026 From what we can see from the video, at least three employees struggled to restrain the robot as it flung its arms around. One Haidilao employee seems to be looking at her phone, perhaps in an attempt to toggle something on an app controlling the robot. It’s possible the robot — which appears to be an AgiBot X2 robot, which was featured at the CES conference in January — has a kill switch, but the staff might not have known how to operate it. If you’re not familiar with hot pot, you should know that, as its name suggests, it involves very hot pots of soup. No one likes spilled food, but if the robot were to knock piping bowls of bone broth over, it wouldn’t just be a culinary disaster, it might seriously burn someone. Not to mention any potential blunt-force damage from the now-moshing automaton. When The Killers sang “Are we human or are we dancer,” we did not realize they were asking us to take a stand in the future robo...