The Afghanistan women's refugee team will tour England this summer in their continued bid to be recognised for international competition. More than 20 members of what was the Afghanistan national team have been exiled in Australia since 2021, when the Taliban returned to power and effectively outlawed female participation in sport in the country. An Afghanistan Women's XI played its first competit...
The Afghanistan women's refugee team will tour England this summer in their continued bid to be recognised for international competition. More than 20 members of what was the Afghanistan national team have been exiled in Australia since 2021, when the Taliban returned to power and effectively outlawed female participation in sport in the country. An Afghanistan Women's XI played its first competitive match in Melbourne in January 2025 and the squad were in India at the same time as the 50-over World Cup late last year. Now, the refugee team will tour England from 22 June, playing T20 matches alongside training opportunities. The players will also attend the final of the T20 World Cup, which is being held in England. The England and Wales Cricket Board (ECB) said the tour "carries significant cultural and sporting importance". The ECB currently has no plans for the England men's team to play Afghanistan in any bilateral contests. England's seven previous matches against Afghanistan have all been in global tournaments. Early last year, there were calls for England to boycott their match against Afghanistan at the Champions Trophy, with more than 200 politicians signing a letter asking the ECB to take a stance. The fixture still went ahead, but the ECB labelled the situation in Afghanistan as "nothing short of gender apartheid".
Pembroke Management, LTD disclosed in a May 13, 2026, SEC filing that it sold 251,249 shares of Q2 Holdings (QTWO 2.31%), an estimated $14.16 million trade based on the quarterly average price. What happened According to a SEC filing dated May 13, 2026, Pembroke Management, LTD reduced its position in Q2 Holdings by 251,249 shares during the first quarter. The estimated value of these sales is $14...
Pembroke Management, LTD disclosed in a May 13, 2026, SEC filing that it sold 251,249 shares of Q2 Holdings (QTWO 2.31%), an estimated $14.16 million trade based on the quarterly average price. What happened According to a SEC filing dated May 13, 2026, Pembroke Management, LTD reduced its position in Q2 Holdings by 251,249 shares during the first quarter. The estimated value of these sales is $14.16 million, calculated using the average closing price for the quarter. The fund’s remaining stake was valued at $4.35 million as of March 31, 2026. The net position change for the quarter, including both the reduction in shares and price movement, was a decrease of $20.41 million. What else to know This was a reduction in holdings; Q2 Holdings now represents 0.63% of Pembroke Management, LTD’s 13F reportable AUM. Top holdings after the filing: NASDAQ: MPWR: $37.61 million (5.4% of AUM) NYSE: REZI: $37.59 million (5.4% of AUM) NYSE: MOD: $35.95 million (5.2% of AUM) NASDAQ: AAON: $35.59 million (5.1% of AUM) NYSE: GMED: $35.20 million (5.1% of AUM) As of May 13, 2026, shares of Q2 Holdings were priced at $44.70, down 51.8% over the past year and underperforming the S&P 500 by 78.26 percentage points. Company overview Metric Value Revenue (TTM) $821.58 million Net income (TTM) $73.89 million Market capitalization $2.80 billion Price (as of market close May 13, 2026) $44.70 Company snapshot Offers a suite of cloud-based digital banking solutions, including consumer and commercial banking platforms, security analytics, remote deposit capture, bill payment, and digital account opening tools. Serves regional and community financial institutions across the United States, targeting banks and credit unions seeking advanced digital banking capabilities. Operates a software-as-a-service (SaaS) business model, generating recurring revenue from its institutional client base. Q2 Holdings is a technology provider specializing in digital banking solutions for regional and community finan...
Supatman/iStock via Getty Images Introduction Global Net Lease ( GNL ) is a real estate investment trust that specializes in owning and leasing net lease commercial properties. The structure of Global Net Lease is that it owns the commercial real estate, but its tenants are responsible for the maintenance, insurance, and property taxes. Two years ago, I wrote about my concerns regarding the owners...
Supatman/iStock via Getty Images Introduction Global Net Lease ( GNL ) is a real estate investment trust that specializes in owning and leasing net lease commercial properties. The structure of Global Net Lease is that it owns the commercial real estate, but its tenants are responsible for the maintenance, insurance, and property taxes. Two years ago, I wrote about my concerns regarding the ownership of the company’s common shares and how their dividend was under pressure. As an alternative, I recommended the company’s preferred shares, which still had steady yields of over 8% at the time despite being in a safer capital stack. Today, after reviewing the latest financials, I have a negative outlook on the company’s operating performance and I believe it is best for income investors to avoid both the common and preferred shares. Understanding the Structure of the Preferred Shares Preferred shares are senior to common shares in the capital stack. Because of this, their prices tend to be more stable and since the common dividends need to be eliminated before preferred dividends can be impaired, their dividends are seen as more reliable. Global Net Lease has four different preferred shares for investors to choose from. All four of the preferred shares are callable at $25 per share, meaning the company can redeem them and pay $25 per share for their redemption at any time. Each preferred share pays a different dividend and because their yields are very close together, that means their prices are different. Each of these preferred shares has cumulative dividends, meaning that if the company were to suspend them, the dividends would accrue as a liability and would be owed to the preferred shareholders upon resumption of the dividends. QuantumOnline Microsoft Excel API Global Net Lease Earnings Results Global Net Lease’s profitability improved in the first quarter compared to the same quarter a year ago, but the changes made by the company in 2025 require deeper analysis. W...
Inflatable bridge and a hot couple: photos of the day – Thursday The Guardian’s picture editors select photographs from around the world An inflatable artwork conceived by the French street artist JR as a tribute to Christo and Jeanne-Claude, covers the Pont Neuf in Paris. Photograph: Benoît Tessier/Reuters
Inflatable bridge and a hot couple: photos of the day – Thursday The Guardian’s picture editors select photographs from around the world An inflatable artwork conceived by the French street artist JR as a tribute to Christo and Jeanne-Claude, covers the Pont Neuf in Paris. Photograph: Benoît Tessier/Reuters
Closed-end funds (CEFs) yield around 8% today--and that's on average. Plenty yield more--and deliver their payouts safely, predictably and often monthly, too. Members of my CEF Insider service know this. As I write this, our portfolio yields a high 8.8% on average, even as many of our funds' prices have risen with this year's strong market. And 12 of our current 21 holdings pay us every month. All...
Closed-end funds (CEFs) yield around 8% today--and that's on average. Plenty yield more--and deliver their payouts safely, predictably and often monthly, too. Members of my CEF Insider service know this. As I write this, our portfolio yields a high 8.8% on average, even as many of our funds' prices have risen with this year's strong market. And 12 of our current 21 holdings pay us every month. All that said, we also know the old adage that something that seems too good to be true usually is. That also applies to CEF yields, especially when we spot a vastly overinflated one (24.6%, say). Don't Fall for the Siren Song of This Huge Payout That 24.6% figure is the current forward yield on a CEF called Oxford Lane Capital Corporation (OXLC). The allure of such a yield is powerful: Buy now, hold for a year and you get nearly a quarter of your investment back in dividends alone. Hang in for a bit more than four years and you've recouped it all. Anything from there on is a bonus. Unfortunately, that's not the case here because what the payout gives, the share price and OXLC's falling dividend take away. That's a common problem with twenty-something yields like this one. Falling Stock, Falling Dividend As you can see above, in the last five years, OXLC's dividend (shown in purple) has dropped nearly 41%, while its share price has fallen even harder--a bit more than 73%. So we see that at least some of that 24.6% yield comes from the fact that the price has fallen faster than the payout. What's more, even if an investor collected their last five years' worth of payouts and reinvested them, they'd still be down 22% in that time (see the purple line below)--a span when the S&P 500's total return (in orange) nearly doubled. A 24.6% Yield Can't Keep OXLC Out of the Red It just goes to show how important it is to not be lured in by an oversized yield. Doing so can cause you to overlook other problems with an income play like OXLC. But what's the story behind this poor performance?...
At the cusp of a business transition, Arm (ARM) stock has traded exceptionally higher in the last 52 weeks. The rally has also been supported by structural industry tailwinds that have translated into robust growth. However, amidst the bright outlook, the company is facing new scrutiny. Specifically, Arm is the target of a U.S. antitrust investigation to determine whether its dominant position in ...
At the cusp of a business transition, Arm (ARM) stock has traded exceptionally higher in the last 52 weeks. The rally has also been supported by structural industry tailwinds that have translated into robust growth. However, amidst the bright outlook, the company is facing new scrutiny. Specifically, Arm is the target of a U.S. antitrust investigation to determine whether its dominant position in the semiconductor licensing industry is being used to disadvantage rivals. Importantly, as the company builds its in-house chip business, the Federal Trade Commission (FTC) is examining whether Arm can unfairly limit or degrade competitors' access to key licenses. From an investment perspective, this probe increases Arm's regulatory risk. However, it's worth noting that the price action of ARM stock has not been significantly negative, as the positives far outweigh concerns related to the investigation. About ARM Stock Headquartered in the United Kingtom, Arm is a global leader in the semiconductor industry. Its business involves the research, development, and licensing of microprocessors, systems IP, graphics processing units (GPUs), software, and more. Since 1990, Arm has shipped more than 350 billion chips, and the company clocked a turnover of $4.9 billion for fiscal 2026. On a year-over-year (YOY) basis, fiscal 2026 revenue growth was robust at 23%. In terms of innovation, Arm has commenced production of its AGI CPU, which is its first production silicon; Arm claims that the AGI CPU is one of the world’s most-efficient agentic central processing units. The firm has visibility of over $2 billion in potential demand over the next two years. According to Arm, the semiconductor market related to cloud AI, edge AI, and physical AI is poised to be worth $1.5 trillion by 2031. This presents a big opportunity for sustained growth. Considering the industry tailwinds, Arm’s leadership position, and healthy top-line growth, ARM stock has trended higher by 94% in the last six mont...
Four decades on, ’80s-style science fiction adventures continue to exert their influence on modern film and TV. The idea of a group of kids teaming up to face an otherworldly threat has become a trope at this point, seen in everything from Super 8 to Stranger Things. So on one level, The Boroughs, a new sci-fi series on Netflix, does a lot that feels very familiar, with its tale of a mysterious al...
Four decades on, ’80s-style science fiction adventures continue to exert their influence on modern film and TV. The idea of a group of kids teaming up to face an otherworldly threat has become a trope at this point, seen in everything from Super 8 to Stranger Things. So on one level, The Boroughs, a new sci-fi series on Netflix, does a lot that feels very familiar, with its tale of a mysterious alien terrorizing a small neighborhood and the team of plucky friends who band together to stop it. But The Boroughs also does something different: Its neighborhood is a retirement community, and its group of friends are all in their 70s. That seemingly slight change makes a big difference, elevating The Boroughs above most of its Spielberg-imitating brethren. The Boroughs is the title of the show, but it’s also the name of the beautiful retirement community in the New Mexico desert where, almost immediately, it’s clear there’s something wrong. Things are just a little too perfect. Crotchety newcomer Sam (Alfred Molina) senses this early on, but it takes a while before he has an idea of just what’s going on. There are hints at it, like the resident who complains about owls in the walls, but things really kick off when Sam accidentally catches an alien creature that seems to be feeding on his neighbors while they sleep. This discovery pulls him and his newly formed friend group into a larger conspiracy. The Boroughs does a good job of teasing out its mystery, which steadily grows in scale over the course of its eight episodes. I won’t spoil anything, but there’s a direct connection between the alien and the many strange things that keep happening around the community, which only makes figuring out what’s really going on — and, of course, stopping it — all the more difficult. In a classic Amblin movie circa 1985, this is the point in the story when a group of kids on bikes would get mixed up in the conspiracy and figure things out. But since we’re in a retirement community, the...
Eoneren/iStock via Getty Images On Saturday, 2 May, Berkshire Hathaway ( BRK.B ) ( BRK.A ) hosted its 2026 annual meeting - its first, since Warren Buffett stepped down as the CEO of the firm and passed the baton to Greg Abel. I won't lie, as an investor with Berkshire being the third-largest position in my portfolio, I was nervous watching the meeting online, unclear what to expect from Abel's pe...
Eoneren/iStock via Getty Images On Saturday, 2 May, Berkshire Hathaway ( BRK.B ) ( BRK.A ) hosted its 2026 annual meeting - its first, since Warren Buffett stepped down as the CEO of the firm and passed the baton to Greg Abel. I won't lie, as an investor with Berkshire being the third-largest position in my portfolio, I was nervous watching the meeting online, unclear what to expect from Abel's performance or the direction Berkshire will take. Expectations were high, and in retrospect, I can say Greg won my vote of confidence. To be fair, my expectations for Berkshire are now higher than in the final years of Buffett's CEO tenure, a period during which investment decisions took a back seat and the leadership left a lot to be desired. In the last 12 months alone, Berkshire's stock performance was -6.15% vs. the S&P 500 ( SP500 ) gain of 24.4%. A performance gap, which I largely attribute to an extremely defensive posture, ultimately hurts shareholders. I don't mean to be short term-oriented, sitting out a stock rally isn't a flaw, but the swollen cash pile is a testament to inactivity. As usual, ahead of the annual meeting, Q1 earnings were reported, and the operating results were quite strong. Today, we also have available the 13F report; let's have a look at the operating results, portfolio changes, valuation and more. Berkshire Q1 Earnings Following Buffett's wisdom for years, the best way to look at Berkshire's business is through the lens of operating earnings. This completely strips out the pollution of investment gains/losses and shows the true earning potential of the underlying businesses. In Q1 2026 , Berkshire reported strong operating earnings at $11.35B, up from $9.64B reported in the prior year. During Q1, Greg Abel was already in charge, and while it's difficult to attribute the 17.7% year-over-year jump in earnings to his abilities, the transition alongside the strong results is a nice vote of confidence. Q1 - YoY 2026 2025 YoY Change % Insurance - Un...
Tsakos Energy Navigation press release ( TEN ): Q1 GAAP EPS of $2.72 beats by $0.70 . Revenue of $253M (+28.4% Y/Y) beats by $37M . Adjusted EBITDA for the first quarter of 2026 reached $154.0 million up from $99.3 million in the 2025 first quarter representing a 55% increase. As of March 31, 2026, the company's cash reserves remained solid at about $321.4 million. More on Tsakos Energy Navigation...
Tsakos Energy Navigation press release ( TEN ): Q1 GAAP EPS of $2.72 beats by $0.70 . Revenue of $253M (+28.4% Y/Y) beats by $37M . Adjusted EBITDA for the first quarter of 2026 reached $154.0 million up from $99.3 million in the 2025 first quarter representing a 55% increase. As of March 31, 2026, the company's cash reserves remained solid at about $321.4 million. More on Tsakos Energy Navigation Tsakos Energy Navigation: Performing Well In Strong Markets Tsakos Energy Navigation: Getting Cautious On The Preferred Stock Tsakos Energy Navigation Limited 2025 Q4 - Results - Earnings Call Presentation Tsakos Energy Navigation Q1 2026 Earnings Preview Tsakos Energy Navigation Q4 2025 Earnings Preview
CR/iStock via Getty Images Hims & Hers Health ( HIMS ) on Thursday announced the launch of generic versions of Novo Nordisk’s ( NVO ) blockbuster GLP-1 therapy semaglutide through its telehealth platform in Canada. The California-based health tech said that semaglutide, marketed as Ozempic for diabetes and Wegovy for weight loss by Novo ( NVO ), will be available as part of personalized treatment ...
CR/iStock via Getty Images Hims & Hers Health ( HIMS ) on Thursday announced the launch of generic versions of Novo Nordisk’s ( NVO ) blockbuster GLP-1 therapy semaglutide through its telehealth platform in Canada. The California-based health tech said that semaglutide, marketed as Ozempic for diabetes and Wegovy for weight loss by Novo ( NVO ), will be available as part of personalized treatment plans starting at C$149 per month. "Bringing generic semaglutide to market means more Canadians have a real, affordable path to treatment,” added Austin Kouri, General Manager, Hims & Hers ( HIMS ) Canada. While generic semaglutide is approved in Canada for type 2 diabetes, healthcare providers can prescribe it off-label for weight management based on clinical judgment. The Danish drugmaker lost Canadian market exclusivity for semaglutide in January, opening the floodgates for a host of off-patent versions manufactured by leading generic drugmakers such as Teva ( TEVA ) and Sandoz ( SDZNY ) ( SDZXF ). Last week, India’s Dr. Reddy's ( RDY ) launched generic Ozempic after Canada approved its marketing application, becoming the first G7 nation to approve a knockoff version of the once-weekly therapy. More on Hims & Hers Health, Novo Nordisk A/S Hims & Hers: Wegovy Deal Fuels Growth Novo Nordisk: 2 Reasons To Buy This GLP-1 Giant Hims & Hers Health: GLP-1 Drama Ending Signals Return To Growth Hims & Hers Health prices $350M senior convertible notes Hims & Hers slips on proposed $300M convertible debt offering
This article first appeared on GuruFocus. Tesla (NASDAQ:TSLA) Chief Financial Officer Vaibhav Taneja sold 3,000 shares of the electric-vehicle maker's stock in a recent transaction that was described as tax-related, while retaining about 130,000 shares including indirect holdings. The sale brought in about $1.3 million, based on a share price near $450. Tesla shares had been trading above that lev...
This article first appeared on GuruFocus. Tesla (NASDAQ:TSLA) Chief Financial Officer Vaibhav Taneja sold 3,000 shares of the electric-vehicle maker's stock in a recent transaction that was described as tax-related, while retaining about 130,000 shares including indirect holdings. The sale brought in about $1.3 million, based on a share price near $450. Tesla shares had been trading above that level in recent weeks before slipping 4.7% on May 15 during a broader market selloff. Tesla shares have also been volatile this year as investors have tracked the company's efforts to win approval to sell its Full Self Driving feature in China. The stock had climbed on that expectation before pulling back. Tesla's FSD system can handle most driving tasks most of the time, and U.S. customers currently pay $99 a month for the service. Tesla says it has 1.3 million subscribers.
(RTTNews) - Osisko Development Corp. (ODV), on Thursday announced the pricing of a $275 million aggregate principal amount offering of 4.125% convertible senior notes due 2031 in a private placement. The notes were priced with a 25% conversion premium. The offering includes $225 million of notes to qualified institutional buyers. Double Zero Capital, LP, agreed to purchase $50 million aggregate pr...
(RTTNews) - Osisko Development Corp. (ODV), on Thursday announced the pricing of a $275 million aggregate principal amount offering of 4.125% convertible senior notes due 2031 in a private placement. The notes were priced with a 25% conversion premium. The offering includes $225 million of notes to qualified institutional buyers. Double Zero Capital, LP, agreed to purchase $50 million aggregate principal amount of affiliate notes. The company said that the Initial purchasers were also granted an option to purchase up to an additional $25 million aggregate principal amount of notes. The company expects net proceeds from the offering of about $215.9 million, or about $240 million if the option is exercised in full, after discounts, commissions, and expenses. The company expects net proceeds of about $50 million from the private placement. The proceeds will be used to fund development of the Cariboo Gold Project, pay capped call transaction costs, and for general corporate purposes. The company said the capped call transactions carry an initial cap price of $5.88 per share, representing a 100% premium to the last reported New York Stock Exchange share price of $2.94 on May 20. The notes will bear interest at 4.125% annually and mature on June 15, 2031, unless earlier converted, redeemed, or repurchased. In the pre-market trading, Osisko Development is 15.56% lesser at $2.4700 on the New York Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
据两名知情业内高管透露,为应对旗下人工智能产品日益增长的市场需求、扩充算力资源,Anthropic公司目前正洽谈租用搭载 微软 自研 AI 服务器芯片的算力服务器。 若成功拿下Anthropic这一客户,对微软而言将是重大利好。此前微软自研芯片项目在去年遭遇研发延期。英伟达 AI 芯片几乎占据了微软面向 AI 开发者出租的全部算力设施,如今微软意图效仿 谷歌 、 亚马逊 等云服务竞品,打造可替代英...
据两名知情业内高管透露,为应对旗下人工智能产品日益增长的市场需求、扩充算力资源,Anthropic公司目前正洽谈租用搭载 微软 自研 AI 服务器芯片的算力服务器。 若成功拿下Anthropic这一客户,对微软而言将是重大利好。此前微软自研芯片项目在去年遭遇研发延期。英伟达 AI 芯片几乎占据了微软面向 AI 开发者出租的全部算力设施,如今微软意图效仿 谷歌 、 亚马逊 等云服务竞品,打造可替代英伟达芯片的自研芯片产品。 各大云服务商高管均表示,英伟达硬件采购成本居高不下,研发定制化自研芯片,是稳住并提升企业利润空间的必要举措。 微软迈亚芯片能为Anthropic运行克劳德大模型提供全新算力选择,Anthropic还有望推动该芯片新一代产品按自身业务需求定制优化。迈亚芯片主打提速运行现有大模型,性能优于英伟达同类产品,但并不像英伟达芯片那样,适配客户全新大模型的研发搭建工作。 微软今年 1 月宣布,已在旗下 Azure 云数据中心正式投产最新款迈亚 200 芯片。Azure 业务负责人斯科特・格思里表示,借助迈亚 200 芯片,微软有效降低了旗下智能助手 Copilot 的运行成本,该助手依托开放人工智能研究中心与Anthropic的大模型提供服务。不过相较于谷歌、亚马逊的自研 AI 芯片,迈亚芯片目前仍处于发展初期。 知情人士称,双方此次芯片算力合作洽谈尚处于初步阶段,最终未必能达成正式合作协议。 长期以来,Anthropic始终与其他 AI 企业走差异化路线:通过采购多品牌服务器芯片开展技术研发与业务运营,摆脱了开放人工智能研究中心、xAI 等企业高度依赖英伟达硬件的困境。该企业目前同时使用亚马逊、谷歌及英伟达旗下 AI 服务器芯片,还在接洽一家英国新兴初创企业的芯片产品。 Anthropic本季度营收接近 110 亿美元,远超今年一季度营收规模,预计单季将斩获 5.6 亿美元净利润,业绩表现亮眼。与此同时,该企业已敲定向美国三大头部云服务商合计投入至少 3300 亿美元算力采购资金。从理论层面来看,选用三大云服务商定制化 AI 芯片,相比普通芯片性价比更高,若云服务商愿意承担部分成本补贴,效益还将进一步提升。 脸书母公司元宇宙平台、开放人工智能研究中心等一众 AI 同行,如今纷纷效仿Anthropic的多芯片布局策略,接连与多家算力供应商达成合作,同时还各自自...
This article first appeared on GuruFocus. Nvidia Corporation (NASDAQ:NVDA) said it approved an additional $80 billion share repurchase authorization as the chipmaker continued to generate strong cash flow from artificial-intelligence demand. Nvidia said the new authorization comes on top of roughly $39 billion remaining under its existing buyback program. The company also raised its quarterly divi...
This article first appeared on GuruFocus. Nvidia Corporation (NASDAQ:NVDA) said it approved an additional $80 billion share repurchase authorization as the chipmaker continued to generate strong cash flow from artificial-intelligence demand. Nvidia said the new authorization comes on top of roughly $39 billion remaining under its existing buyback program. The company also raised its quarterly dividend to $0.25 per share from $0.01. Nvidia generated about $48.55 billion in free cash flow during the fiscal first quarter ended April 26. The company said revenue rose to $81.61 billion, supported by continued strength in its data center business tied to AI infrastructure spending. Nvidia projected second-quarter revenue of about $91 billion, plus or minus 2%, ahead of analyst expectations.
Russia announced plans to sell government bonds denominated in Chinese yuan for the second time after President Vladimir Putin returned from a two-day visit to China. Investors will be offered fixed-coupon bonds with a maturity of 10 years and a face value of 10,000 yuan per note, the Finance Ministry said in a statement Thursday. The ministry will collect orders on May 28, with placement on the M...
Russia announced plans to sell government bonds denominated in Chinese yuan for the second time after President Vladimir Putin returned from a two-day visit to China. Investors will be offered fixed-coupon bonds with a maturity of 10 years and a face value of 10,000 yuan per note, the Finance Ministry said in a statement Thursday. The ministry will collect orders on May 28, with placement on the Moscow Exchange scheduled for June 3. Bond purchases and coupon payments will be available in either Chinese yuan or Russian rubles at the investor’s choice, according to a statement. The plan to raise yuan for the state coffers follows talks in Beijing between Putin and Chinese President Xi Jinping , as the two leaders sought to underscore the strength of their ties amid global tensions over the wars in Ukraine and Iran. Read more: Xi and Putin Wrap Talks Showcasing Ties Amid Global Unrest Russia first sold local bonds in yuan late last year , raising a total of 20 billion yuan ($2.9 billion) in two tranches as the government sought funding to cover budget shortfalls driven by military spending and weaker oil revenues. The 12 billion-yuan bonds due February 2029 carry a 6% coupon, while an 8 billion-yuan tranche due June 2033 pays 7%. Finance Minister Anton Siluanov said at the time that the ministry aimed to build a benchmark yield curve in the Chinese currency to help corporate borrowers tap yuan funding.
This article first appeared on GuruFocus. SpaceX filed its S-1 with the U.S. Securities and Exchange Commission on Wednesday for one of the biggest initial public offerings in history. The company will trade on Nasdaq under the ticker SPCX. Class A shares carry one vote each and Class B shares carry 10. No price range or share count was disclosed in the preliminary prospectus. The filing reveals a...
This article first appeared on GuruFocus. SpaceX filed its S-1 with the U.S. Securities and Exchange Commission on Wednesday for one of the biggest initial public offerings in history. The company will trade on Nasdaq under the ticker SPCX. Class A shares carry one vote each and Class B shares carry 10. No price range or share count was disclosed in the preliminary prospectus. The filing reveals a company that generated $18.7 billion in revenue in 2025 and lost $4.9 billion, driven by $20.7 billion in capital expenditures. Starlink accounts for most of the economics. The segment reported $11.4 billion in revenue, $4.4 billion in operating income, and 10.3 million subscribers across 164 countries. SpaceX's February 2026 acquisition of xAI brought Grok and X into the consolidated entity going public. The S-1 also discloses that Anthropic signed a compute services agreement in May 2026 to pay $1.25 billion per month through May 2029 for access to SpaceX's COLOSSUS data centers. The company also disclosed ownership of 18,712 Bitcoin, acquired at approximately $35,000 per coin and now valued at $1.6 billion at year-end 2025. Elon Musk holds approximately 6.4 billion shares, including 5.6 billion Class B shares that give him 85.1% of combined voting power. The Tesla (NASDAQ:TSLA) CEO could become the world's first trillionaire if the company prices at or above the expected valuation.
Kirk Fisher/iStock Editorial via Getty Images The U.S. is filled with aging housing stock. According to the American Planning Association , the median age of owner-occupied houses is about 40 years. As I’ve written about previously , the fundamentals of old housing stocks should be a boom for the home improvement retailers, given the pure necessity of continuing repairs and maintenance (“R&M”). Re...
Kirk Fisher/iStock Editorial via Getty Images The U.S. is filled with aging housing stock. According to the American Planning Association , the median age of owner-occupied houses is about 40 years. As I’ve written about previously , the fundamentals of old housing stocks should be a boom for the home improvement retailers, given the pure necessity of continuing repairs and maintenance (“R&M”). Results from Lowe’s Companies ( LOW ) show that this isn’t exactly the case. In the current environment, it appears the average DIYer is putting away their toolbox, at least for the time being. LOW’s Q1 came in ahead of expectations on both the top and bottom lines. Forward guidance, however, was light, albeit reaffirmed. The guidance didn’t surprise me. In my last piece on LOW, I wrote that I believed the market would remain soft for the entirety of the year and that LOW was fairly valued for the environment. Shares in LOW have declined by about 14% since that update . This compares to a 8.8% gain in the S&P 500 ( SPY ) over the same period. Seeking Alpha - LOW's Share Performance Since Last Author Update While I do see shares as more attractive today than in my last update earlier in the year, I still believe shares in LOW are a ‘hold’ in today’s operating environment, which likely will remain soft for an extended period of time. LOW Q1 Results Recap In reviewing Q1, I would note that LOW reported a better-than-expected quarter, though the report still reflected the difficult environment facing the home improvement space. At the topline, revenues increased 10.3%, while comparable sales rose 0.6%. This marked the company’s fourth consecutive quarter of positive comps. Adjusted EPS, meanwhile, came in at $3.03/share, ahead of expectations and up 3.8% from the prior year period. LOW Q1 Earnings Presentation - Snapshot Of Operating Results The quarter was once again driven by the Pro business, where the company continued to see continuing demand from its core small- and medium-...
European stock markets could rise another 5% by the end of the year, driven by “an explosion of earnings,” said Beata Manthey , head of European equity strategy at Citigroup Global Markets Ltd. “If you look at what is happening on the earnings front and the parts of the market that are actually driving the index level, they are doing pretty well,” Manthey said in an interview with Bloomberg Televi...
European stock markets could rise another 5% by the end of the year, driven by “an explosion of earnings,” said Beata Manthey , head of European equity strategy at Citigroup Global Markets Ltd. “If you look at what is happening on the earnings front and the parts of the market that are actually driving the index level, they are doing pretty well,” Manthey said in an interview with Bloomberg Television. “We’ve been seeing an explosion of earnings in the last reporting season, so from that perspective I don’t see risks.” Stocks can move higher even in the face of increased bond yields, she said, as long as the pace of inflation doesn’t pick and economic growth, as measured by purchasing manager indexes, remains solid. “If PMIs start rolling over that could trigger, or historically have triggered, a selloff in equity markets,” she said. Europe faces greater impact from higher oil prices than other regions, and Citigroup last month shifted its view to favor stocks in the US versus the rest of the world. “There are no miracles,” she said. “Economies and parts of equity markets exposed to higher energy prices will see downgrades, and we are already starting to see them.” Yet Citi hasn’t changed its target for European stocks nor its earnings growth forecast, because an “explosion of earnings in energy” is offsetting downgrades elsewhere, she said. The market rally has occurred “in this very narrow fashion,” Manthey said. Still, Manthey warned of increasing frothiness around artificial intelligence. A Middle East ceasefire would trigger a squeeze in European equities as underweight investors rush in, though a Ukraine resolution “will potentially be even bigger than the Middle East,” she said. Citigroup recommends technology, materials and financials via banks, while maintaining caution on sectors exposed to higher inflation. This story was produced with the assistance of Bloomberg Automation.
(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, luxury home furnishing retailer Williams-Sonoma, Inc. (WSM) reiterated its revenue growth guidance for the full-year 2026. For fiscal 2026, the company continues to expect net revenue growth of 2.7 to 6.7 percent, with comparable brand revenue growth of 2 to 6 percent. Over the long term, the company continues to ex...
(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, luxury home furnishing retailer Williams-Sonoma, Inc. (WSM) reiterated its revenue growth guidance for the full-year 2026. For fiscal 2026, the company continues to expect net revenue growth of 2.7 to 6.7 percent, with comparable brand revenue growth of 2 to 6 percent. Over the long term, the company continues to expect mid-to-high single-digit annual net revenue growth with an operating margin in the mid-to-high teens. In Thursday's pre-market trading, WSM is trading on the NYSE at $186.00, up $5.76 or 3.24 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Home Depot (NYSE:HD) sits at an inflection point. The stock has slid from a September 2025 peak near $422.71 to $302.44, hugging the lower end of its 52-week range as housing affordability and tepid consumer sentiment weigh on big-ticket projects. Our 24/7 Wall St. price target for Home Depot is $367.94 over the next 12 ... Where Will Home Depot’s Stock Price Be In 2027?
Home Depot (NYSE:HD) sits at an inflection point. The stock has slid from a September 2025 peak near $422.71 to $302.44, hugging the lower end of its 52-week range as housing affordability and tepid consumer sentiment weigh on big-ticket projects. Our 24/7 Wall St. price target for Home Depot is $367.94 over the next 12 ... Where Will Home Depot’s Stock Price Be In 2027?
Flipper Devices, maker of the Flipper Zero hacking device, today announced a new gadget called Flipper One that has multiple network connectivity chops and can act as a Linux PC (is this the year?). The company has sold over a million Flipper Zero units and has generated over $150 million in sales. However, the new device is not a successor as it operates on a different layer than the Flipper Zero...
Flipper Devices, maker of the Flipper Zero hacking device, today announced a new gadget called Flipper One that has multiple network connectivity chops and can act as a Linux PC (is this the year?). The company has sold over a million Flipper Zero units and has generated over $150 million in sales. However, the new device is not a successor as it operates on a different layer than the Flipper Zero, the company said. The Flipper Zero device is popular in the hacker community, which can connect to radios like Bluetooth, RFID, NFC, a sub-1GHz transceiver, and Infrared. The device could act like a key fob or an entry pass, but could also be used in cases like spamming nearby iPhones. Meanwhile, the new Flipper One device relies on network connectivity through 2x Gigabit Ethernet, USB Ethernet (5 Gbps), and Wi-Fi 6E (2.4/5/6 GHz). What’s more, the device has an M.2 port, which can be used to connect a modem for 5G connectivity or other devices like SDR modules, AI accelerators, SSDs (NVMe or SATA), and Wi-Fi cards via adapters. The device is still in development, and the company is merely announcing the project at the moment. The device will run two processors along with an 8GB RAM. The first is an eight-core RK3576 chip that runs open Linux along with a Mali-G52 GPU and an NPU to run local AI models. Image Credits: Flipper Devices Image Credits:Flipper Devices The company said that it worked with open-source software consulting firm Collabora to push this chip’s support into the mainline Linux Kernel, so anyone can download it from Kernel.org and tinker with it. The second chip is a two-core Raspberry Pi RP2350 microcontroller. This powers display, buttons, and touchpad, LEDs, and the power subsystem, so even when the Linux part of the device is turned off, users can operate the device. Flipper Devices CEO Pavel Zhovner said that the company is also developing its own Linux-based flavour. He said in a blog that while Raspberry Pi OS is fluid and he enjoys using it, it i...