Rachel Reeves is to promise free summer bus rides for children and cut tariffs on some food imports, as part of a package of measures aimed at easing the costs of the Iran conflict. The chancellor will give a statement in the House of Commons on Thursday, outlining her latest plans for cushioning the blow to consumers from an expected rise in inflation later this year. The offer of free bus rides ...
Rachel Reeves is to promise free summer bus rides for children and cut tariffs on some food imports, as part of a package of measures aimed at easing the costs of the Iran conflict. The chancellor will give a statement in the House of Commons on Thursday, outlining her latest plans for cushioning the blow to consumers from an expected rise in inflation later this year. The offer of free bus rides for children aged 15 and under during August will form part of what she is calling the “Great British summer savings scheme”. Before the speech, Reeves said: “My number one priority is protecting households from rising costs. This summer I want every family to be able to enjoy themselves, that’s why we’re launching the Great British summer savings scheme, and why we’re helping kids with free bus travel throughout August.” It comes after Keir Starmer announced that the government will postpone the planned increases in fuel duty that were due to take effect in September and December, and give lorry drivers free vehicle tax. Speaking at prime minister’s questions on Wednesday, Starmer said: “We are giving our hauliers a 12-month vehicle tax holiday, helping to keep prices down, and we are backing drivers by extending the freeze in fuel duty for the rest of the year.” Duty on the red diesel used by farmers will also be cut by a third. The decision on fuel duty was criticised by thinktanks including the Resolution Foundation, which pointed out that high-income households will benefit most. Jonathan Marshall, its principal economist, said: “Come the autumn, low-income families – who are still £1,800 poorer than they were before the last energy price shock – will be worst affected by another round of rising food prices and energy bills. And yet the support announced today will primarily benefit those who are better off, with the richest fifth of households gaining more than twice as much as the poorest fifth.” View image in fullscreen The Treasury said the cost of the package for ...
When it comes to tourism, Hong Kong is recovering footfall faster than spending and officials need to realise that the two are not the same. The city’s economy grew by 5.9 per cent year on year in the first three months, its strongest quarterly performance in almost five years, according to the Census and Statistics Department’s advance estimate. Financial Secretary Paul Chan Mo-po pointed to a 17...
When it comes to tourism, Hong Kong is recovering footfall faster than spending and officials need to realise that the two are not the same. The city’s economy grew by 5.9 per cent year on year in the first three months, its strongest quarterly performance in almost five years, according to the Census and Statistics Department’s advance estimate. Financial Secretary Paul Chan Mo-po pointed to a 17 per cent rise in first-quarter visitor numbers and 5.2 per cent increase in retail and catering spending as evidence of stronger momentum. During the “golden week” holiday, Hong Kong received 1.01 million mainland visitors, 10 per cent more than last year. That is progress. It is not a return of the old tourism economy. Advertisement The same report carried a warning: spending was inconsistent . Some shopping centres reported double-digit growth, catering business in tourist areas rose by about 20 per cent, and hotel occupancy reached 90 per cent. Yet Annie Tse Yau On-yee, chairwoman of the Hong Kong Retail Management Association, said tourist consumption only benefited certain industries in traditional tourism districts, such as Tsim Sha Tsui, Mong Kok and Causeway Bay. More visitors did not translate into a broad retail revival. Tse flagged a second pattern: overnight and long-distance travellers outspent day visitors who once formed the bulk of cross-border arrivals. That is the yield economy in miniature. Fewer, deeper visits create more value than dense, shallow ones, and current headline metrics do not separate the two. Advertisement
monsitj/iStock via Getty Images Gold futures edged higher Wednesday following the previous session's sharp slide, as optimism around efforts to end the U.S.-Iran war eased worries over the prospect of higher inflation and interest rates. Bullion rose as much as 1.5%, while the dollar, Treasury yields, and crude oil fell after President Trump said the U.S.-Iran war is in the "final stages." The yie...
monsitj/iStock via Getty Images Gold futures edged higher Wednesday following the previous session's sharp slide, as optimism around efforts to end the U.S.-Iran war eased worries over the prospect of higher inflation and interest rates. Bullion rose as much as 1.5%, while the dollar, Treasury yields, and crude oil fell after President Trump said the U.S.-Iran war is in the "final stages." The yield on the benchmark 10-year U.S. Treasury note ticked lower after touching its highest level since January 2025 on Tuesday ; higher yields increase the opportunity cost of holding non-yielding bullion. " Any type of resolution to the war or opening of the Strait of Hormuz would be a positive for the gold market in so far as the expectation would be that interest rates would decline, and hence that would be opportunistic or helpful to the gold market," High Ridge Futures director of metals trading David Meger said in a note. Citi analysts said they are staying cautious on gold over the near term, with a three-month price target of $4,300/oz. Further downside could come with a "major risk-off event," Citi said in a note, and with such an occurrence, including a de-escalation in the Middle East conflict and a reopening of the Strait of Hormuz, gold would "likely bottom out" before rebounding in this year's H2. Gold and silver both snapped four-session losing streaks, with f ront-month Comex gold ( XAUUSD:CUR ) for May delivery adding 0.5% to $4,531.30/oz and front-month Comex May silver ( XAGUSD:CUR ) rising 1.4% to $75.851/oz. ETFs: ( GLD ), ( GDX ), ( GDXJ ), ( IAU ), ( NUGT ), ( PHYS ), ( GLDM ), ( AAAU ), ( SGOL ), ( DUST ), ( RING ), ( BAR ), ( OUNZ ), ( SGDM ), ( SGDJ ), ( SLV ), ( PSLV ), ( SIVR ), ( SIL ), ( SILJ ) More on gold and silver Silver And Gold Outlook - Metals Suffer From Their Upside Fake-Out Gold Miners With High Upside Potential Trump Cancels Planned Attacks On Iran, Stocks Rally - Market Reactions
Antonio Bordunovi/iStock Editorial via Getty Images After the bell on Wednesday, we received fiscal first quarter results from Nvidia Corporation ( NVDA ) for its April-ending quarter. The chip giant has quickly raced to the largest market cap in the U.S. market, thanks to explosive revenue growth on the backs of the Artificial Intelligence ("AI") revolution. Yet again, the company announced stron...
Antonio Bordunovi/iStock Editorial via Getty Images After the bell on Wednesday, we received fiscal first quarter results from Nvidia Corporation ( NVDA ) for its April-ending quarter. The chip giant has quickly raced to the largest market cap in the U.S. market, thanks to explosive revenue growth on the backs of the Artificial Intelligence ("AI") revolution. Yet again, the company announced strong top- and bottom-line beats with solid guidance, proving why this is one of the best names to own in today's market. Previous coverage of the name It's been about three months since I last took a look at Nvidia, covering the name at its fiscal Q4 earnings report in late February. At that time, the company announced solid top and bottom line beats while giving very strong guidance for the April quarter. With a strong growth profile and shares trading at a reasonable valuation, I remained very positive on the name. Since that time, shares have rallied nearly 15%, more than double the 7% gain seen for the S&P 500 ( SP500 ). The Q1 results and Q2 guidance As the company has continued to smash all estimates, expectations have surged in recent years. Back in February, management guided to revenues of $78 billion for the April quarter, plus or minus 2%, significantly ahead of the street's average estimate of $66.23 billion. The Street average then rose above the company's midpoint, going into Wednesday's report at $78.97 billion, or growth of more than 79.2% over the prior year period. Nvidia ended up beating the Street quite handily again. The company reported revenues of $81.62 billion for the quarter, growth of 85% over the prior-year period. In dollar terms, the $2.65 billion beat was the largest we've ever seen from the company and a little bit above the last two quarters that averaged about $2 billion per quarter, although at lower base estimates. The strong results were highlighted in the following quote from CEO Jensen Huang. “The buildout of AI factories — the largest in...
Chancellor of the Exchequer Rachel Reeves will detail a package of measures to ease cost-of-living pressures on Thursday, as the British government tries to limit the impact of the Iran war. Reeves, who is expected to give a statement in Parliament at about 11:30 a.m., will announce plans including free bus travel for kids throughout August and the prospect of cuts to agri-food tariffs, the Treasu...
Chancellor of the Exchequer Rachel Reeves will detail a package of measures to ease cost-of-living pressures on Thursday, as the British government tries to limit the impact of the Iran war. Reeves, who is expected to give a statement in Parliament at about 11:30 a.m., will announce plans including free bus travel for kids throughout August and the prospect of cuts to agri-food tariffs, the Treasury said in a statement, dubbing the interventions “Great British Summer Savings.” The moves come in addition to a freeze on fuel duty until the end of the year that was announced by Prime Minister Keir Starmer on Wednesday. “My number one priority is protecting households from rising costs,” Reeves said in the statement. “This summer I want every family to be able to enjoy themselves.” Reeves’ latest measures come against the backdrop of a political crisis facing Starmer, who is fighting to stay in post as prime minister following a mass revolt from his Labour members of Parliament, which in turn threatens her own position as finance minister. But Reeves has nevertheless been boosted by positive economic data in recent days, including UK inflation falling to its lowest rate in more than a year and the UK posting the best growth among G7 nations in the first quarter. Read More: G7 Urges Fiscal Restraint in Face of War Shock to Economies On food tariffs, the government said it is launching a “business engagement exercise” with a view to cutting levies and suspending tariffs on more than 100 types of products, including biscuits, chocolate and dried fruit and nuts. The full list of products will be published next week, the Treasury said. The Treasury has also been privately proposing voluntary price freezes on goods in supermarkets, though the suggestion has sparked a fierce backlash from retailers. Bank of England Governor Andrew Bailey called food price controls “not sustainable.” Reeves has so far stopped short of announcing a wide-ranging energy bailout akin to the one del...
Peter Hansen/iStock via Getty Images Investment Thesis The memory cycle is real, but I believe most of the easy money is already in the stock. Micron ( MU ) has compounded from a 52-week low of $91 to $710+ in 12 months, a 7x return that captures essentially all of the AI memory re-rating. From this point, the math is no longer asymmetric. I model a FY26 EPS of $56.60 and a FY27 base case of $80, ...
Peter Hansen/iStock via Getty Images Investment Thesis The memory cycle is real, but I believe most of the easy money is already in the stock. Micron ( MU ) has compounded from a 52-week low of $91 to $710+ in 12 months, a 7x return that captures essentially all of the AI memory re-rating. From this point, the math is no longer asymmetric. I model a FY26 EPS of $56.60 and a FY27 base case of $80, but my base case ($55) and bull case ($105) span a +47%/-46% range. Micron is a name to own through the cycle, not initiate at the peak. Q3 FY26 guidance crystallized the memory supercycle but also reset the bar for further upside. Management guided to $33.5B revenue (+40% sequentially, +316% YoY), 81% non-GAAP gross margin, and $19.15 EPS. DRAM contract prices rose 58-63% in calendar Q2 2026 . Cloud Memory and Mobile and Client segments are both running at 75-80% gross margin. With FY26 EPS now tracking to $55-$60 and consensus FY27 EPS at $102, the stock is paying ~7x peak earnings at current levels, in line with historical cycle-peak multiples of 6-8x. Any re-rating from here requires either a longer peak duration past FY27 or an FY27 EPS beat materially above consensus. The HBM competitive position is now significantly weaker than the bull narrative suggests. Q2 CY25 HBM market share stood at SK hynix 62%, Micron 21%, and Samsung 17%. On HBM4 allocation at Nvidia's Vera Rubin, current reports put SK hynix in the mid-50% range, Samsung in the mid-20% range, and Micron at roughly 20%. Samsung has also been qualified at Nvidia and is ramping up HBM4 capacity aggressively in early 2026. Micron's positioning at HBM3E (where the company had a similar market share to Samsung at ~20%) does not extend to HBM4, and management has been measured on Rubin allocation in the Q2-26 call. Multi-year contracts change the down-cycle risk profile but do not eliminate it. Micron signed its first five-year Supply Commitment Agreement with a large customer in Q2 FY26 and disclosed that calend...
Peter Hansen/iStock via Getty Images Investment Thesis The memory cycle is real, but I believe most of the easy money is already in the stock. Micron ( MU ) has compounded from a 52-week low of $91 to $710+ in 12 months, a 7x return that captures essentially all of the AI memory re-rating. From this point, the math is no longer asymmetric. I model a FY26 EPS of $56.60 and a FY27 base case of $80, ...
Peter Hansen/iStock via Getty Images Investment Thesis The memory cycle is real, but I believe most of the easy money is already in the stock. Micron ( MU ) has compounded from a 52-week low of $91 to $710+ in 12 months, a 7x return that captures essentially all of the AI memory re-rating. From this point, the math is no longer asymmetric. I model a FY26 EPS of $56.60 and a FY27 base case of $80, but my base case ($55) and bull case ($105) span a +47%/-46% range. Micron is a name to own through the cycle, not initiate at the peak. Q3 FY26 guidance crystallized the memory supercycle but also reset the bar for further upside. Management guided to $33.5B revenue (+40% sequentially, +316% YoY), 81% non-GAAP gross margin, and $19.15 EPS. DRAM contract prices rose 58-63% in calendar Q2 2026 . Cloud Memory and Mobile and Client segments are both running at 75-80% gross margin. With FY26 EPS now tracking to $55-$60 and consensus FY27 EPS at $102, the stock is paying ~7x peak earnings at current levels, in line with historical cycle-peak multiples of 6-8x. Any re-rating from here requires either a longer peak duration past FY27 or an FY27 EPS beat materially above consensus. The HBM competitive position is now significantly weaker than the bull narrative suggests. Q2 CY25 HBM market share stood at SK hynix 62%, Micron 21%, and Samsung 17%. On HBM4 allocation at Nvidia's Vera Rubin, current reports put SK hynix in the mid-50% range, Samsung in the mid-20% range, and Micron at roughly 20%. Samsung has also been qualified at Nvidia and is ramping up HBM4 capacity aggressively in early 2026. Micron's positioning at HBM3E (where the company had a similar market share to Samsung at ~20%) does not extend to HBM4, and management has been measured on Rubin allocation in the Q2-26 call. Multi-year contracts change the down-cycle risk profile but do not eliminate it. Micron signed its first five-year Supply Commitment Agreement with a large customer in Q2 FY26 and disclosed that calend...
In Brief Earlier this month, Anthropic surprised the AI world with a deal to buy 300 megawatts worth of compute — securing the entire output of the Colossus 1 data center near Memphis, Tennessee. Turns out, compute at that scale isn’t cheap. Anthropic will be paying xAI $1.25 billion per month through May 2029, with a discounted rate for the first two months as xAI completes its ramp-up. All told,...
In Brief Earlier this month, Anthropic surprised the AI world with a deal to buy 300 megawatts worth of compute — securing the entire output of the Colossus 1 data center near Memphis, Tennessee. Turns out, compute at that scale isn’t cheap. Anthropic will be paying xAI $1.25 billion per month through May 2029, with a discounted rate for the first two months as xAI completes its ramp-up. All told, the deal could bring xAI over $40 billion in revenue. Details of the transaction emerged from SpaceX’s S-1 filing with the SEC. The deal, the company said, “allows us to monetize unused compute capacity in our infrastructure.” The terms of the deal allow either side to terminate the contract with 90 days’ notice. “We expect to enter into additional similar services contracts,” the filing stated. The move has given xAI a hybrid stance in the AI market. Most players either build data centers for themselves or build data centers for others to use — rarely both simultaneously. This emerging model, sometimes called a “neocloud,” lets AI companies offset infrastructure costs by acting as a cloud provider when their own usage falls short of capacity. SpaceX argues the arrangement is a savvy use of resources. “We believe our dual monetization strategy provides multiple pathways to generate returns on invested capital,” it wrote. But the subtext is hard to miss. xAI appears to have overbuilt its compute capacity and needed to find a way to monetize it ahead of a public offering. Usage of Grok — xAI’s flagship AI assistant — has dropped significantly in recent months, freeing up servers that the company is now selling to one of its closest competitors.
is a deputy editor and Verge co-founder with a passion for human-centric cities, e-bikes, and life as a digital nomad. He’s been a tech journalist for 20 years. Posts from this author will be added to your daily email digest and your homepage feed. Elon Musk’s final frontier is officially open for business now that SpaceX has formally filed its S-1 prospectus with the SEC. That kicks off what coul...
is a deputy editor and Verge co-founder with a passion for human-centric cities, e-bikes, and life as a digital nomad. He’s been a tech journalist for 20 years. Posts from this author will be added to your daily email digest and your homepage feed. Elon Musk’s final frontier is officially open for business now that SpaceX has formally filed its S-1 prospectus with the SEC. That kicks off what could be the largest initial public offering ever when it lists on the Nasdaq stock exchange with the ticker SPCX. According to the filing, SpaceX generated $18.67 billion in revenue in 2025, driven largely by its Starlink satellite internet service. SpaceX lost over $4.9 billion last year, with capital expenditures soaring to $20.7 billion last year, a leap from $11.2 billion in 2024, as reported by The New York Times. According to the Wall Street Journal, Musk’s supervoting shares will give him 85 percent control over the company. SpaceX describes its mission to investors as: Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars. To do this, we have formed the most ambitious, vertically integrated innovation engine on (and off) Earth with unmatched capabilities to rapidly manufacture and launch space-based communications that connect the world, to harness the Sun to power a truth-seeking artificial intelligence that advances scientific discovery, and ultimately to build a base on the Moon and cities on other planets It’s also telling them that SpaceX has “identified the largest actionable total addressable market (TAM) in human history,” potentially worth $28.5 trillion, with $370 billion from space, $1.6 trillion in connectivity with Starlink Broadband and Starlink Mobile, and $26.5 trillion in AI, which includes AI infrastructure, subscriptions, advertising, and $22.7 trillion in enterprise applications. For months, rumors have swirled t...
brunocoelhopt/iStock Editorial via Getty Images Since last covering Blue Bird Corporation ( BLBD ) in late November, its stock is up 25%, reaching new all-time highs in the process, on the back of impressive Q2 earnings results where it grew its top line and expanded its adjusted EBITDA margin YoY. Achieving such results is an impressive feat, in my opinion, given that the company sold fewer units...
brunocoelhopt/iStock Editorial via Getty Images Since last covering Blue Bird Corporation ( BLBD ) in late November, its stock is up 25%, reaching new all-time highs in the process, on the back of impressive Q2 earnings results where it grew its top line and expanded its adjusted EBITDA margin YoY. Achieving such results is an impressive feat, in my opinion, given that the company sold fewer units YoY while diesel buses continue to represent a majority of its unit sales YTD, highlighting its pricing power and operating efficiencies. Furthermore, Blue Bird’s Q2 results point to a promising long-term earnings profile following its acquisition of the remaining 50% share in its JV, Micro Bird. Although the deal is margin-dilutive in the short-to-medium term, it expands the company’s TAM by exposing it to the Buy America shuttle bus market. By diversifying into a new vertical, in addition to commercial chassis , Blue Bird is actively shielding its revenues in case school bus replacement activity slows down in the early 2030s. Meanwhile, fully-acquiring Micro Bird provides Blue Bird with an opportunity to vertically integrate some of its EV powertrains through Micro Bird’s subsidiary, Ecotuned, instead of sourcing all of its EV powertrains from third-parties. Combined with the automation initiatives planned for the company’s upcoming Fort Valley, Georgia plant, Blue Bird could be positioned to expand its margins significantly by FY 2030. Despite its promising long-term outlook, Blue Bird still trades at a discount to its sector. This discount was further exacerbated by the stock’s latest 11% drop on May 19 after the company terminated its employee pension plan and transferred the plan’s remaining obligations to Pacific Life. By terminating the pension plan, Blue Bird is set to incur a material non-cash settlement charge in FQ3, which is the primary driver of the stock’s decline. That said, the termination of the plan will have zero impact on the company’s cash on hand and...
Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) shares shot up 3.5% during trading on Wednesday . The stock traded as high as $203.59 and last traded at $202.51. 18,792,898 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 15,200,900 shares. The stock had previously closed at $195.61. Get Qualcomm alerts: Sign Up Wall Street Analyst Weigh In S...
Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) shares shot up 3.5% during trading on Wednesday . The stock traded as high as $203.59 and last traded at $202.51. 18,792,898 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 15,200,900 shares. The stock had previously closed at $195.61. Get Qualcomm alerts: Sign Up Wall Street Analyst Weigh In Several research firms have recently commented on QCOM. Mizuho reduced their price target on Qualcomm from $160.00 to $140.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. Seaport Research Partners reissued a "sell" rating and issued a $100.00 price target on shares of Qualcomm in a research report on Monday, March 16th. JPMorgan Chase & Co. upped their target price on Qualcomm from $140.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Wells Fargo & Company lowered Qualcomm from a "positive" rating to an "underweight" rating in a research report on Friday, May 8th. Finally, Loop Capital raised Qualcomm from a "hold" rating to a "buy" rating and set a $185.00 target price on the stock in a research report on Tuesday, February 24th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $181.79. Get Our Latest Stock Analysis on Qualcomm Qualcomm Stock Up 3.5% The company has a 50-day moving average of $149.89 and a 200-day moving average of $157.92. The company has a market capitalization of $213.45 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 25.22 and a beta of 1.49. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings ...
Elon Musk's SpaceX files paperwork for what's likely to be the biggest IPO in history toggle caption Joe Raedle/Getty Images North America Elon Musk's SpaceX is getting ready to break new records on Wall Street — and make one of the world's wealthiest men even wealthier. The space-launch company filed financial information with regulators to pull off what could be the biggest initial public offeri...
Elon Musk's SpaceX files paperwork for what's likely to be the biggest IPO in history toggle caption Joe Raedle/Getty Images North America Elon Musk's SpaceX is getting ready to break new records on Wall Street — and make one of the world's wealthiest men even wealthier. The space-launch company filed financial information with regulators to pull off what could be the biggest initial public offering ever in mid-June. Though it did not disclose how much it intends to raise, previous media reports have said SpaceX could raise about $80 billion in its IPO. That would make it by far the largest IPO in history — much higher than the $29 billion that Saudi Aramco eventually raised after its 2019 offering. The deal could also value the company at over $1 trillion — making SpaceX one of the most valuable companies in the world, and potentially even worth more than Musk's electric-vehicle company, Tesla. It would also massively enrich Musk, who's already one of the world's wealthiest people and who could become its first trillionaire. The former adviser to President Trump has a controlling interest in the company, according to the documents. Sponsor Message Loading... SpaceX's IPO is a big AI bellwether SpaceX's initial public offering has been expected for months. Earlier this year, the company filed confidential paperwork with the U.S. Securities and Exchange Commission to start the process of selling its shares to the public, the Associated Press and others reported in April. SpaceX's IPO could set off a blockbuster year for Wall Street, which is also anticipating potential IPOs from OpenAI and Anthropic, the makers of ChatGPT and Claude, respectively. Such IPOs will put a public value on — and eventually allow ordinary investors to buy into — some of the most powerful private tech companies driving the AI boom. SpaceX is among them. In addition to making reusable rockets and running its Starlink satellite communications platform, the company last year also merged with Mu...
JHVEPhoto Honeywell International ( HON ) announced on Wednesday that it has secured a ~$249M firm-fixed-price contract to support maintenance and overhaul of the CH-47 Chinook T-55 engine, aimed at ensuring mission readiness and avoiding any maintenance gap. The work locations and funding will be finalized with each order, and the contract is expected to be completed by May 19, 2029. The award wa...
JHVEPhoto Honeywell International ( HON ) announced on Wednesday that it has secured a ~$249M firm-fixed-price contract to support maintenance and overhaul of the CH-47 Chinook T-55 engine, aimed at ensuring mission readiness and avoiding any maintenance gap. The work locations and funding will be finalized with each order, and the contract is expected to be completed by May 19, 2029. The award was issued by the Army Contracting Command, Redstone Arsenal. More on Honeywell International Honeywell International Inc. (HON) Presents at Wolfe Research 19th Annual Global Transportation & Industrials Conference Transcript Honeywell International Inc. 2026 Q1 - Results - Earnings Call Presentation Honeywell International Inc. (HON) Q1 2026 Earnings Call Transcript Honeywell, NHL strike partnership focused on arena operations, energy Honeywell sees tailwinds from geopolitics and AI as breakup nears
Not quite halfway through a six-year sojourn through the Solar System, a NASA spacecraft used a close encounter with Mars last week as a dress rehearsal for its arrival at the Solar System's largest metal asteroid in 2029. The Psyche mission launched more than two-and-a-half years ago , in October 2023, from Kennedy Space Center, Florida, to kick off a journey of some 2.2 billion miles (3.6 billio...
Not quite halfway through a six-year sojourn through the Solar System, a NASA spacecraft used a close encounter with Mars last week as a dress rehearsal for its arrival at the Solar System's largest metal asteroid in 2029. The Psyche mission launched more than two-and-a-half years ago , in October 2023, from Kennedy Space Center, Florida, to kick off a journey of some 2.2 billion miles (3.6 billion km) to reach its unexplored namesake, the asteroid Psyche. The robotic research mission got an initial lift from a powerful SpaceX Falcon Heavy rocket. It uses plasma engines to gradually build up the impulse needed to reach its destination in the asteroid belt, between the orbits of Mars and Jupiter. A flyby of Mars last Friday gave the spacecraft its most significant boost since launch. Navigators at NASA's Jet Propulsion Laboratory in California set up the spacecraft for a course taking it 2,864 miles (4,609 km) from the Martian surface, well above the planet's tenuous atmosphere. Psyche used Martian gravity like a slingshot to gain enough speed to reshape its orbit around the Sun, putting the probe on a path to intercept its asteroid target. Read full article Comments
Investing.com -- Anthropic is projected to more than double its revenue from $4.8 billion in the first quarter to $10.9 billion in the second quarter, according to a report from the Wall Street Journal, citing figures shared during an ongoing funding round. The company expects to post its first operating profit of $559 million in the June quarter. The reported operating profit includes model train...
Investing.com -- Anthropic is projected to more than double its revenue from $4.8 billion in the first quarter to $10.9 billion in the second quarter, according to a report from the Wall Street Journal, citing figures shared during an ongoing funding round. The company expects to post its first operating profit of $559 million in the June quarter. The reported operating profit includes model training costs but excludes stock-based compensation. The quarterly growth rate currently outpaces the historical peaks of Zoom, Google, and Facebook. The profitability milestone arrives earlier than previously anticipated. Last summer, Anthropic told investors it did not expect full-year profitability until at least 2028. The company may not remain profitable for the full year due to planned spending increases for computing and model training. The funding round is expected to push Anthropic’s valuation above OpenAI’s. Related articles Anthropic revenue set to more than double to $10.9 billion in Q2 These 2 stocks are best positioned to benefit from higher uranium prices: analyst JPMorgan outlines ten strategic themes that could shape the outlook for 2026
Getty Images Have investments in Artificial Intelligence crossed into bubble territory? No one can say for certain (even if they’re certainly confident), but we will gain insights when OpenAI ( OPENAI ) launches its IPO. The IPO filing is expected to land in the near future, possibly as soon as Friday . From there, the IPO will likely land in the second half of 2026. Even more so than Anthropic ( ...
Getty Images Have investments in Artificial Intelligence crossed into bubble territory? No one can say for certain (even if they’re certainly confident), but we will gain insights when OpenAI ( OPENAI ) launches its IPO. The IPO filing is expected to land in the near future, possibly as soon as Friday . From there, the IPO will likely land in the second half of 2026. Even more so than Anthropic ( ANTHRO ), which may also push for an autumn IPO, OpenAI will tell us more about the state of AI as an industry and the vibes investors are feeling. OpenAI is directly contending with many of the challenges that AI bears are worried about in the industry as a whole. Vast resources are being thrown at AI in general, and OpenAI is, in the eyes of some, one of the heaviest spenders. That said, OpenAI isn’t alone in massive spending. Will investors be able to stomach OpenAI’s spending? We’ll find out at the IPO. Alphabet ( GOOG ) has many legacy products and services that can be used to champion Gemini, giving them an instant “way in” with many people. OpenAI, while popular, will face more of an uphill battle for now. OpenAI is a pure play, making it a better barometer compared to highly diversified companies pursuing AI among many other things. The free ChatGPT chatbot may be “good enough” for too many people. Why should customers upgrade when the free version satisfies their needs? Many AI companies are offering free compute and interaction, so eliminating the free tier will be difficult. Open-source AI models may become a serious threat to pay-for-play companies. Anthropic's focus on coding (for now) and Alphabet’s already built-in user base may provide some insulation. OpenAI strikes me as more exposed. Investors' Moods Are Vital OpenAI has continued to attract investments from institutional investors and the like, even as its valuation soared. We know there are some bulls out there, but we don’t know how many. Once Main Street and Wall Street can invest, we’ll know how the ...