1 day ago
It's shaping up to be an interesting earnings season for the big tech stocks. Alphabet set the tone on July 22 with a solid second-quarter earnings report that saw revenue jump 24% from a year ago to $119.76 billion. Growth in Google Cloud was even better at 82%.
One might think that investors would celebrate Alphabet's commitment to grow out its all-important artificial intelligence infrastructure, but you'd be wrong. Alphabet raised its capex guidance from $185 billion to $200 billion, and the stock promptly dropped 6%, taking several other major tech stocks with it, as investors are getting spooked by the amount of money being poured into AI right now.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
It's against this backdrop that fellow Magnificent Seven member Meta Platforms (NASDAQ:META) prepares to report its quarterly earnings after the closing bell on July 29. Meta, like Alphabet, has been spending heavily on data centers. But unlike Alphabet, it doesn't have a cloud computing division of its own to sell AI computing capacity as a revenue stream.
Is that about to change? We may get some answers when Meta steps up to the earnings podium.
#meta #NVIDIA #billion #july
One might think that investors would celebrate Alphabet's commitment to grow out its all-important artificial intelligence infrastructure, but you'd be wrong. Alphabet raised its capex guidance from $185 billion to $200 billion, and the stock promptly dropped 6%, taking several other major tech stocks with it, as investors are getting spooked by the amount of money being poured into AI right now.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
It's against this backdrop that fellow Magnificent Seven member Meta Platforms (NASDAQ:META) prepares to report its quarterly earnings after the closing bell on July 29. Meta, like Alphabet, has been spending heavily on data centers. But unlike Alphabet, it doesn't have a cloud computing division of its own to sell AI computing capacity as a revenue stream.
Is that about to change? We may get some answers when Meta steps up to the earnings podium.
#meta #NVIDIA #billion #july
2 days ago
Global equities ended last week little changed in local currency and up 0.6% in sterling terms. This continued the choppy pattern of recent weeks with markets currently down 1.5-2% from their peak in early June. The US underperformed with a gain of 0.3% in sterling terms while the UK and emerging markets were both up around 1.3%.
Meanwhile, government bonds in the US and UK both lost 0.5% with yields re-testing their highs in early May. 10-year UK gilt yields tested 5.1% while US yields reached 4.7%, before retreating a bit.
The war with Iran was centre stage with renewed attacks by both sides and Trump once again upping his threats. The new ingredient this time was that concerns were not limited to the Strait of Hormuz but extended to the Bab El Mandeb Strait with the Houthis exchanging blows with Saudi Arabia and threatening to close the waterway.
The importance of this new chokepoint is two-fold. First, it threatens Saudi's ability to divert via its pipeline a good part of its oil production to the Red Sea rather than the Strait of Hormuz. Second, it poses a threat to container traffic more generally which use the Suez Canal to avoid a long and costly diversion around the African coast.
Oil duly moved back up to $100 per barrel mid-week from a low of close to $70pb all of three weeks ago. But it is back down to $88pb this morning as negotiations between the US and Iran started up once again over the weekend, easing fears of a major escalation. However, this morning, Iran said it is not seeking new peace talks, so the confusion continues.
Even so, the fact remains that Trump appears to have chickened out yet again – be it because the hike in oil prices has pushed US gasoline prices back above $4 per gallon, the rise in US Treasury yields has caused concerns or because, as has been reported, the US lacks the necessary munitions.
#strait #back #sterling
Meanwhile, government bonds in the US and UK both lost 0.5% with yields re-testing their highs in early May. 10-year UK gilt yields tested 5.1% while US yields reached 4.7%, before retreating a bit.
The war with Iran was centre stage with renewed attacks by both sides and Trump once again upping his threats. The new ingredient this time was that concerns were not limited to the Strait of Hormuz but extended to the Bab El Mandeb Strait with the Houthis exchanging blows with Saudi Arabia and threatening to close the waterway.
The importance of this new chokepoint is two-fold. First, it threatens Saudi's ability to divert via its pipeline a good part of its oil production to the Red Sea rather than the Strait of Hormuz. Second, it poses a threat to container traffic more generally which use the Suez Canal to avoid a long and costly diversion around the African coast.
Oil duly moved back up to $100 per barrel mid-week from a low of close to $70pb all of three weeks ago. But it is back down to $88pb this morning as negotiations between the US and Iran started up once again over the weekend, easing fears of a major escalation. However, this morning, Iran said it is not seeking new peace talks, so the confusion continues.
Even so, the fact remains that Trump appears to have chickened out yet again – be it because the hike in oil prices has pushed US gasoline prices back above $4 per gallon, the rise in US Treasury yields has caused concerns or because, as has been reported, the US lacks the necessary munitions.
#strait #back #sterling
6 days ago
This story was originally published on MedTech Dive. To receive daily news and insights, subscribe to our free daily MedTech Dive newsletter.
Robot developer Vicarious Surgical, which raised more than $425 million from investors including Bill Gates before its 2021 initial public offering, has obtained approval from shareholders to wind down and liquidate the business.
Shareholders voted at a special meeting Tuesday to enter into an ******* ignment for the benefit of creditors, an alternative to bankruptcy. The process transfers a company's ******* ets into a trust for distribution to creditors.
Vicarious was working to develop a single-port surgical robot that "shrinks the surgeon" to perform procedures inside the patient's abdomen but faced a series of delays in bringing the device to market and last year canceled plans for a clinical trial as it pushed to finish the design for the commercial version of the system.
Vicarious is shutting down 12 years after it was formed with the ambitious goals of improving patient outcomes, increasing surgical efficiency and addressing what its founders saw as significant limitations to legacy robotic platforms. Its 2021 merger with D8 Holdings, a special purpose acquisition company, or ******* , valued the company at $1.1 billion.
#medtech #shareholders #down #special
Robot developer Vicarious Surgical, which raised more than $425 million from investors including Bill Gates before its 2021 initial public offering, has obtained approval from shareholders to wind down and liquidate the business.
Shareholders voted at a special meeting Tuesday to enter into an ******* ignment for the benefit of creditors, an alternative to bankruptcy. The process transfers a company's ******* ets into a trust for distribution to creditors.
Vicarious was working to develop a single-port surgical robot that "shrinks the surgeon" to perform procedures inside the patient's abdomen but faced a series of delays in bringing the device to market and last year canceled plans for a clinical trial as it pushed to finish the design for the commercial version of the system.
Vicarious is shutting down 12 years after it was formed with the ambitious goals of improving patient outcomes, increasing surgical efficiency and addressing what its founders saw as significant limitations to legacy robotic platforms. Its 2021 merger with D8 Holdings, a special purpose acquisition company, or ******* , valued the company at $1.1 billion.
#medtech #shareholders #down #special
7 days ago
Investors were bracing themselves for what airlines like Delta Air Lines (NYSE: DAL) and United Airlines (NASDAQ: UAL) might report for the second quarter in light of the surge in jet fuel prices. However, although rising fuel costs are definitely having an impact on both airlines, Delta affirmed its forecast, and United Airlines actually increased its earnings outlook. Does this make both airline stocks a buy?
It's no secret that hostilities in the Middle East led to sharply higher crude oil prices throughout the second quarter. The shortage of crude oil and jet fuel flowing through the Strait of Hormuz not only increased crude oil prices but also sent jet fuel crack spreads soaring. The end result was a major increase in jet fuel costs for airlines in the quarter.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As you can see below, the overwhelming majority of the increase in operating expenses in the second quarter was due to higher fuel costs, and in both cases, year-over-year operating income deteriorated.
Year-over-Year Change
#fuel #prices
It's no secret that hostilities in the Middle East led to sharply higher crude oil prices throughout the second quarter. The shortage of crude oil and jet fuel flowing through the Strait of Hormuz not only increased crude oil prices but also sent jet fuel crack spreads soaring. The end result was a major increase in jet fuel costs for airlines in the quarter.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As you can see below, the overwhelming majority of the increase in operating expenses in the second quarter was due to higher fuel costs, and in both cases, year-over-year operating income deteriorated.
Year-over-Year Change
#fuel #prices
8 days ago
Transportation ***** et manager ITE Management L.P. announced the acquisition of North American Chassis Pool Cooperative, expanding its premium chassis platform to national scale with broad market coverage for intermodal customers.
Privately-held NACPC of Nashville operates 20,000 chassis serving major intermodal markets across North America. The deal brings New York-based ITE's fleet to 60,000 units, which it said would strengthen its presence across key freight corridors and expand its range of leasing solutions.
No terms were disclosed.
"Milestone, Trend, and NACPC have each built strong businesses with their own identities, but they're united by a common approach: deep industry expertise, responsive service, and a commitment to quality," said Darren Hawkins, chief executive of NACPC, in a release. "Bringing these companies together creates a more powerful platform that expands our reach while continuing to deliver the reliable equipment and service our customers expect."
The strategic consolidation gives ITE a roughly 30% share of the 200,000 chassis operated as part of cooperative pools; chassis availability has been a recurring bottleneck in drayage and port operations. NACPC gains a larger capital base and broader operating footprint; it has long pursued a core model of pooled, interoperable chassis operations to reduce cost and improve availability. NACPC in 2021 acquired chassis maker Pratt.
#platform
Privately-held NACPC of Nashville operates 20,000 chassis serving major intermodal markets across North America. The deal brings New York-based ITE's fleet to 60,000 units, which it said would strengthen its presence across key freight corridors and expand its range of leasing solutions.
No terms were disclosed.
"Milestone, Trend, and NACPC have each built strong businesses with their own identities, but they're united by a common approach: deep industry expertise, responsive service, and a commitment to quality," said Darren Hawkins, chief executive of NACPC, in a release. "Bringing these companies together creates a more powerful platform that expands our reach while continuing to deliver the reliable equipment and service our customers expect."
The strategic consolidation gives ITE a roughly 30% share of the 200,000 chassis operated as part of cooperative pools; chassis availability has been a recurring bottleneck in drayage and port operations. NACPC gains a larger capital base and broader operating footprint; it has long pursued a core model of pooled, interoperable chassis operations to reduce cost and improve availability. NACPC in 2021 acquired chassis maker Pratt.
#platform
13 days ago
AtaiBeckley N.V. (NASDAQ:ATAI) is one of the 10 best stocks under $10 that could triple.
On June 25, AtaiBeckley N.V. (NASDAQ:ATAI) shared that the company will be included in the Russell indices following their latest reconstitution. The stock will become a part of the small-cap focused Russell 2000 Index, as well as the broader Russell 3000 Index, effective from June 29 onwards.
Likoper/Shutterstock.com
The company highlighted this as a significant development since more than $12 trillion worth of ****** ets are benchmarked relative to the Russell indexes. The Russell 2000 Index tracks around 2,000 small-cap stocks, while the Russell 3000 Index covers around 3,000 small-, mid-, and large-cap stocks.
Later on July 7, Canaccord Genuity increased the price target on AtaiBeckley N.V. (NASDAQ:ATAI) from $15 to $17, resulting in an adjusted upside potential of over 227%. The firm also reiterated its Buy rating on the stock.
On June 25, AtaiBeckley N.V. (NASDAQ:ATAI) shared that the company will be included in the Russell indices following their latest reconstitution. The stock will become a part of the small-cap focused Russell 2000 Index, as well as the broader Russell 3000 Index, effective from June 29 onwards.
Likoper/Shutterstock.com
The company highlighted this as a significant development since more than $12 trillion worth of ****** ets are benchmarked relative to the Russell indexes. The Russell 2000 Index tracks around 2,000 small-cap stocks, while the Russell 3000 Index covers around 3,000 small-, mid-, and large-cap stocks.
Later on July 7, Canaccord Genuity increased the price target on AtaiBeckley N.V. (NASDAQ:ATAI) from $15 to $17, resulting in an adjusted upside potential of over 227%. The firm also reiterated its Buy rating on the stock.
16 days ago
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below.
It is very rare for an ordinary household to owe money on gifts.
The gift tax has a somewhat complicated two-tier structure. Each year you can give up to an annual amount (the "annual exclusion") without paying, or even reporting, anything on your taxes. Then, over your lifetime, you have a significantly higher amount that you can give away in total without owing any taxes (the "lifetime exclusion"). In any given year, if you have given away your entire lifetime exclusion you owe gift taxes on any amount you give over the annual exclusion. The result is that the IRS only taxes one-to-one gifts worth $18,000 in 2024. In 2025, that will go up to $19,000. But the lifetime exclusion must also be considered, and there are ways to gift couples more.
For example, say that you'd like to give $65,000 to your daughter and her husband. In most, but not all cases, you will not owe any taxes. In some cases, you'll have to file some extra paperwork with the IRS, despite not necessarily owing any money. Here's what to know. You can also use this free tool to match with a financial advisor if you're interested in personalized financial guidance.
The gift and estate tax is a joint tax applied to all unilateral transfers. This means that it can apply whenever you give someone ******* ets without receiving something of equivalent value in exchange. In most cases, this involves three situations:
It is very rare for an ordinary household to owe money on gifts.
The gift tax has a somewhat complicated two-tier structure. Each year you can give up to an annual amount (the "annual exclusion") without paying, or even reporting, anything on your taxes. Then, over your lifetime, you have a significantly higher amount that you can give away in total without owing any taxes (the "lifetime exclusion"). In any given year, if you have given away your entire lifetime exclusion you owe gift taxes on any amount you give over the annual exclusion. The result is that the IRS only taxes one-to-one gifts worth $18,000 in 2024. In 2025, that will go up to $19,000. But the lifetime exclusion must also be considered, and there are ways to gift couples more.
For example, say that you'd like to give $65,000 to your daughter and her husband. In most, but not all cases, you will not owe any taxes. In some cases, you'll have to file some extra paperwork with the IRS, despite not necessarily owing any money. Here's what to know. You can also use this free tool to match with a financial advisor if you're interested in personalized financial guidance.
The gift and estate tax is a joint tax applied to all unilateral transfers. This means that it can apply whenever you give someone ******* ets without receiving something of equivalent value in exchange. In most cases, this involves three situations:
