Arko Petroleum Corp. , the fuel wholesaler subsidiary of convenience store firm Arko Corp. , raised $200 million in an upsized initial public offering that priced at the bottom of a marketed range. The Richmond, Virginia-based fuel distributor sold about 11.1 million shares at $18 each, according to a statement Wednesday. Arko Petroleum had marketed 10.5 million shares for $18 to $20 each, accordi...
Arko Petroleum Corp. , the fuel wholesaler subsidiary of convenience store firm Arko Corp. , raised $200 million in an upsized initial public offering that priced at the bottom of a marketed range. The Richmond, Virginia-based fuel distributor sold about 11.1 million shares at $18 each, according to a statement Wednesday. Arko Petroleum had marketed 10.5 million shares for $18 to $20 each, according to earlier filings with the US Securities and Exchange Commission. At the IPO price, the company has a market value of around $830 million based on the outstanding shares listed in its filings. Arko Petroleum operates in more than 30 US states and delivers fuel to over 1,100 Arko convenience store gas stations including brands like Fas Mart and E-Z Mart. The firm also distributes fuel to over 2,000 third-party gas stations in the US and distributes wholesale fuel to unstaffed fueling locations serving commercial fleets. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . Net income attributable to Arko Petroleum fell to $24.7 million on revenue of $4.27 billion for the nine months ended Sept. 30, from $32.7 million on revenue of $4.92 billion a year earlier, according to the filings. The firm delivered 1.5 billion gallons of fuel in the first nine months of 2025, compared to 2.1 billion gallons in the 2024 full-year period. Arko Corp. is expected to maintain a majority of the voting power in Arko Petroleum after the listing, the filing shows. The fuel unit plans to pay a quarterly dividend of $0.50 per share after the listing. The offering is being led by UBS Group AG , Raymond James Financial Inc. and Stifel Financial Corp. The company is expected to begin trading Thursday on the Nasdaq Stock Market under the symbol APC.
The Republican-led US House passed legislation aimed at ending President Donald Trump’s tariffs on Canada, signaling growing anxiety over the White House’s economic agenda. Bloomberg's Laura Davison reports. (Source: Bloomberg)
The Republican-led US House passed legislation aimed at ending President Donald Trump’s tariffs on Canada, signaling growing anxiety over the White House’s economic agenda. Bloomberg's Laura Davison reports. (Source: Bloomberg)
(RTTNews) - The Australian stock market is modestly higher in choppy trading on Monday, recouping some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,200 level, following the broadly negative cues from Wall Street on Friday, with strong gains in energy and gold mining stocks amid a spike in gold and crude oil prices, which is at a seven-year high am...
(RTTNews) - The Australian stock market is modestly higher in choppy trading on Monday, recouping some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,200 level, following the broadly negative cues from Wall Street on Friday, with strong gains in energy and gold mining stocks amid a spike in gold and crude oil prices, which is at a seven-year high amid escalating fears of an invasion of Ukraine by Russia, a top energy producer. Meanwhile, traders remain concerned over the domestic COVID-19 cases, though the daily new cases are on a steady decline. New South Wales reported 6,184 new cases and 14 deaths on Sunday. Victoria also reported 7,104 new cases and two deaths, Queensland reported 3,750 new cases and six deaths, ACT reported 375 new cases and Tasmania reported 408 new cases. The benchmark S&P/ASX 200 Index is gaining 20.10 points or 0.28 percent to 7,237.40, after touching a high of 7,245.90 and a low of 7,181.70 earlier. The broader All Ordinaries Index is up 12.70 points or 0.17 percent to 7,528.50. Australian stocks closed sharply lower on Friday. Among the major miners, BHP Group is losing more than 1 percent, Rio Tinto is down almost 1 percent and Mineral Resources is slipping more than 5 percent, while OZ Minerals and Fortescue Metals are declining almost 2 percent each. Oil stocks are higher, with Beach energy soaring more than 7 percent, Woodside Petroleum adding 3.5 percent, Santos is gaining more than 4 percent and Origin Energy is advancing more than 2 percent. Beach Energy posted a 66 percent increase in half-year profit on soaring commodity prices. Among tech stocks, Appen and Zip are losing almost 4 percent each, while WiseTech Global is edging down 0.20 percent, Xero is losing more than 1 percent and Block is edging down 0.50 percent. Gold miners are higher after a spike in gold prices. Evolution Mining and Northern Star Resources are soaring more than 8 percent each, while Gold Road Resources is su...
Tarique Rahman, who after 17 years in exile is the main contender to be the next prime minister of Bangladesh, has pledged to end entrenched corruption and put the country on a “new path” as voting began in the first free and fair elections in almost two decades. Speaking to the Guardian before polls opened on Thursday morning, Rahman promised a new era of clean politics, including a “top down, no...
Tarique Rahman, who after 17 years in exile is the main contender to be the next prime minister of Bangladesh, has pledged to end entrenched corruption and put the country on a “new path” as voting began in the first free and fair elections in almost two decades. Speaking to the Guardian before polls opened on Thursday morning, Rahman promised a new era of clean politics, including a “top down, no tolerance” approach to graft, if his Bangladesh Nationalist party (BNP) was brought to power. According to polls, the BNP are likely to win a sizeable majority over their rival, the Islamist party Jamaat e-Islami, returning the party to power after 20 years. Softly spoken and understated, 60-year-old Rahman acknowledged the elections were taking place at a pivotal but “challenging” moment for Bangladesh, which has long ranked among the world’s most corrupt countries and where democracy has faced a sustained attack for more than a decade. “We saw in the last regime that corruption was encouraged,” said Rahman. “Our economy was left destroyed. It will take time, but if we establish real accountability in every part of the government and send a message down the chain, that will eventually control corruption.” View image in fullscreen BNP supporters cheer Tarique Rahman at a rally in Pallabi, on 8 February. Photograph: Mohammad Ponir Hossain/Reuters The elections are the first since the fall of autocratic prime minister Sheikh Hasina in the summer of 2024. The student-led uprising that toppled Hasina after 15 years in power left an estimated 1,400 people dead according to the UN, after it was met with a ruthless and violent crackdown by the state. Last year, the former prime minister – now exiled in India – was found guilty of crimes against humanity committed during the final days of her rule and sentenced to death. For the past three elections, Hasina and her Awami League party have been accused of rigging the results and ruthlessly crushing and jailing opponents, including ...
Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 13 Best Roth IRA Stocks to Buy Now. Cisco Systems, Inc. (CSCO) Unveils Silicon One G300 Chip to Target $600B AI Infrastructure Opportunity On February 10, Cisco Systems, Inc. (NASDAQ:CSCO) introduced a new chip and router built to accelerate data movement inside large data centers. The launch positions the company to compete with Broadcom and...
Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 13 Best Roth IRA Stocks to Buy Now. Cisco Systems, Inc. (CSCO) Unveils Silicon One G300 Chip to Target $600B AI Infrastructure Opportunity On February 10, Cisco Systems, Inc. (NASDAQ:CSCO) introduced a new chip and router built to accelerate data movement inside large data centers. The launch positions the company to compete with Broadcom and Nvidia for a share of the projected $600 billion AI infrastructure spending cycle. The new Silicon One G300 switch chip is expected to go on sale in the second half of the year. Cisco said the chip is designed to improve communication between the processors that train and run AI systems, even when operating across hundreds of thousands of connections. The G300 will be manufactured using Taiwan Semiconductor Manufacturing Co.’s 3-nanometer process technology. It includes new "shock absorber" features intended to prevent AI chip networks from slowing down during sudden spikes in data traffic. Martin Lund, executive vice president of Cisco’s common hardware group, said in an interview that such traffic surges occur regularly at large scale. Cisco expects the chip to help certain AI computing tasks complete 28% faster. Part of that improvement comes from the chip’s ability to automatically reroute data around network issues within microseconds. Lund noted that the company is focused on improving overall end-to-end network efficiency. Cisco Systems, Inc. (NASDAQ:CSCO) designs and sells technologies that support the internet. The company integrates its offerings across networking, security, collaboration, applications, and cloud. While we acknowledge the potential of CSCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ ...
AMP Ltd. , the Sydney-based firm that spans wealth management and retirement savings, sank the most in more than two decades after full-year profits missed expectations. AMP reported net income of A$133 million ($95 million) for 2025, down from A$150 million a year earlier, in a statement Thursday. The result reflected the settlement of legacy legal matters and costs tied to simplifying the busine...
AMP Ltd. , the Sydney-based firm that spans wealth management and retirement savings, sank the most in more than two decades after full-year profits missed expectations. AMP reported net income of A$133 million ($95 million) for 2025, down from A$150 million a year earlier, in a statement Thursday. The result reflected the settlement of legacy legal matters and costs tied to simplifying the business, AMP said, and fell well short of the A$219.5 million consensus estimate compiled by Bloomberg. AMP shares were down 28% at 12:01 p.m. in Sydney, the lowest level since May 2003. The result is the last earnings announcement for outgoing Chief Executive Officer Alexis George . Australian CEO Departures Add Volatility to Earnings Season Citigroup analyst Nigel Pittaway noted the lack of capital return and slightly weaker margin in the numbers. AMP last month named chief financial officer Blair Vernon to succeed George, who will retire from executive roles at the end of March.
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Intel (NasdaqGS:INTC) is committing at least US$100 million to AI chip startup SambaNova Systems. The company has also appointed former Qualcomm executive Eric Demers as its new Chief GPU Architect. Both moves reflect a shift in how Intel is approaching AI chips and GPU developme...
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Intel (NasdaqGS:INTC) is committing at least US$100 million to AI chip startup SambaNova Systems. The company has also appointed former Qualcomm executive Eric Demers as its new Chief GPU Architect. Both moves reflect a shift in how Intel is approaching AI chips and GPU development. Intel, known for its x86 processors and data center products, is increasingly tied to demand for AI computing across cloud, enterprise, and edge use cases. The SambaNova investment adds capital to a specialist in AI hardware and software, at a time when dedicated AI chips have become an important focus for chipmakers. For you as an investor, these steps highlight where Intel is trying to compete more directly in AI accelerators and GPUs, rather than relying only on its existing CPU franchise. The combination of external investment and a new GPU leader may lead to product and partnership changes that you can monitor over upcoming product cycles. Stay updated on the most important news stories for Intel by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Intel. NasdaqGS:INTC Earnings & Revenue Growth as at Feb 2026 📰 Beyond the headline: 2 risks and 2 things going right for Intel that every investor should see. For Intel, putting at least US$100 million into SambaNova and hiring Eric Demers looks like a move to close gaps in AI accelerators and high performance GPUs, where Nvidia and AMD currently set the pace. SambaNova gives Intel closer access to AI-specific chip design and software stacks, while Demers brings experience from another large chipmaker in building competitive GPU roadmaps. Together, these steps point to Intel trying to serve hyperscalers that are expected to spend hundreds of billions of dollars on AI data centers, not just with CPUs and foundry capacity but with a fuller portfolio of accelerat...
Earnings Call Insights: Martin Marietta Materials, Inc. (MLM) Q4 2025 Management View CEO C. Nye reported "2025 was an outstanding year for Martin Marietta, marked by record financial, operational and safety performance" and highlighted that the aggregates business delivered record profitability and margin expansion, while the specialties business achieved record revenues and gross profit. Nye sta...
Earnings Call Insights: Martin Marietta Materials, Inc. (MLM) Q4 2025 Management View CEO C. Nye reported "2025 was an outstanding year for Martin Marietta, marked by record financial, operational and safety performance" and highlighted that the aggregates business delivered record profitability and margin expansion, while the specialties business achieved record revenues and gross profit. Nye stated, "Over the 5-year period ended December 31, 2025, we delivered 208 basis point price/cost spread, exceeding our 200 basis point SOAR 2025 target and achieved a compound annual growth rate of more than 13% in aggregates gross profit per ton." The company executed approximately $16 billion of portfolio transactions, invested $3.2 billion in CapEx, and returned $2.1 billion to shareholders over five years. Nye emphasized, "we delivered total shareholder returns of 126%, approximately 30 percentage points above the S&P 500 Index." Martin Marietta's core aggregates business delivered record Q4 results, with aggregates revenues up 8% to $1.2 billion and gross profit rising 11% to $420 million. The specialties segment also delivered record results, boosted by Premier Magnesia. The CEO confirmed the start of the SOAR 2030 plan, stating, "we began SOAR 2030 in an enviable position with the ability to responsibly invest in our business and the flexibility and desire to make timely and prudent acquisitions." CFO Michael Petro reported, "The continuing operations Building Materials business posted revenues of $5.7 billion, a 7% increase and generated gross profit of $1.8 billion, an increase of 13% year-over-year. Gross margin expanded 173 basis points to 31%." Outlook Nye indicated, "our 2026 shipment guidance of 2% growth at the midpoint reflects a balanced macro environment in which we expect sustained infrastructure investment and accelerating momentum in data centers and energy to offset continued softness in private nonresidential and residential construction." The company is...
'Diversity' Judge Cuts Sadistic Rapist's Sentence in Half Authored by Kevin Downey Jr. via PJ Media , A diversity judge just cut a sexual deviant's sentence from 65 years down to 30. Why? Because Marxism. A Jefferson County, Ky., judge, Tracy Davis, decided to cut the sentence of convicted rapist Christopher Davis by 35 years because, despite his heinous crime, he is just a poor lad who "fell thro...
'Diversity' Judge Cuts Sadistic Rapist's Sentence in Half Authored by Kevin Downey Jr. via PJ Media , A diversity judge just cut a sexual deviant's sentence from 65 years down to 30. Why? Because Marxism. A Jefferson County, Ky., judge, Tracy Davis, decided to cut the sentence of convicted rapist Christopher Davis by 35 years because, despite his heinous crime, he is just a poor lad who "fell through the cracks" and "experienced this society." In other words, systemic racism made him don a mask, point a gun at a woman, kidnap her, sexually assault her, rob her, and sexually assault her again — all because his brain hasn't fully developed yet. I don't want to get into the details of Thompson's savagery, so I will let KTSA tell you : In July 2023, Christopher Thompson, then 18, wore a ski mask and forced his way into a woman’s car at gunpoint in south Louisville, driving her to Sanders Elementary School where he sexually assaulted her twice and forced her to withdraw $220 from an ATM. DNA evidence from a water bottle left in the victim’s vehicle led to his arrest in January 2024. After a four-day trial in December 2025, a jury convicted Thompson of robbery, kidnapping, sodomy, and sexual abuse, recommending a 65-year prison sentence for what prosecutors called “every woman’s worst nightmare.” Davis and Thompson had a little back-and-forth in the courtroom , during which Thompson incredulously repeated that God was with him. This conversation took place (I'm going to bold the parts where it seems as though the judge is coaching Thompson on what he should be saying to get a reduced sentence ): Judge Davis: The thing is, when the court is considering that and considering sentencing you and applying the actual law - Because you’d be surprised, me in this seat, I apply the law. Regardless of what the media thinks, regardless of what anybody thinks, I apply the law. I do not judge people before they walk before me. I don’t. I reviewed your PSI (pre-sentencing investigative ...
Energy stocks are in the spotlight, and ExxonMobil is best in breed. The $1 trillion club continues to get bigger, with Walmart becoming the 10th U.S. company to surpass $1 trillion in market capitalization. It joins Nvidia, Alphabet, Apple, Microsoft, Amazon, Meta Platforms, Broadcom, Tesla, and Berkshire Hathaway. Eli Lilly has been in and out of the club, and JPMorgan Chase needs less than a 15...
Energy stocks are in the spotlight, and ExxonMobil is best in breed. The $1 trillion club continues to get bigger, with Walmart becoming the 10th U.S. company to surpass $1 trillion in market capitalization. It joins Nvidia, Alphabet, Apple, Microsoft, Amazon, Meta Platforms, Broadcom, Tesla, and Berkshire Hathaway. Eli Lilly has been in and out of the club, and JPMorgan Chase needs less than a 15% gain to reach $1 trillion. I pegged ExxonMobil (XOM +2.62%), Visa, Oracle, and Netflix as dark horse candidates to reach $1 trillion by 2030. But ExxonMobil is off to the races so far this year -- up 23.9% year to date at the time of this writing, pushing its market cap to $622.9 billion. Here's why ExxonMobil is soaring, and whether the high-yield dividend stock is still a buy now. A sectorwide rally Energy has been the best-performing sector year to date, partly thanks to ExxonMobil, the sector's largest component. As you can see in the chart, other sectors that have done well are materials, consumer staples, and industrials. High-growth sectors like technology and communication services have lost value. After a multi-year, rip-roaring rally in artificial intelligence (AI) growth stocks, investors are taking a pause this year by questioning elevated valuations and outsized AI spending. The skepticism is somewhat warranted, especially when you have a company like Amazon saying it's going to spend $200 billion in 2026 capital expenditures, even though it only earned $139.5 billion in trailing 12-month cash from operations. Expand NYSE : XOM ExxonMobil Today's Change ( 2.62 %) $ 3.97 Current Price $ 155.56 Key Data Points Market Cap $639B Day's Range $ 153.57 - $ 156.93 52wk Range $ 97.80 - $ 156.93 Volume 23M Avg Vol 18M Gross Margin 21.56 % Dividend Yield 2.64 % ExxonMobil is delivering results despite lower oil prices ExxonMobil benefits from increased oil and gas demand from AI. But besides that, it is uniquely removed from the AI investment thesis. ExxonMobil has hard...