9 mins. ago
By Tom Hals
WILMINGTON, Delaware, Sept 15 (Reuters) - As U.S. President Donald Trump seeks to crack down on what he says is widespread illegal voting by noncitizens, several people charged with that crime are trying a novel strategy to get their cases dropped.
Five people being prosecuted in separate federal cases in Miami and Madison, Wisconsin, have argued for the first time in court that the 1996 law used to charge them is unconstitutional, according to a Reuters review of court filings.
A ruling for the defendants, which could come before the November 3 midterm elections, would raise questions about the federal government's authority to prosecute noncitizen voting cases. The Trump administration has pushed to deport noncitizen voters, raising the stakes for defendants who previously faced as little as a $150 fine if convicted.
The defendants were accused of violating the federal "Voting by Aliens" statute enacted three decades ago. The law makes it illegal for noncitizens to vote in federal elections, and violators can be fined up to $100,000 or imprisoned for up to a year.
#cases #people
WILMINGTON, Delaware, Sept 15 (Reuters) - As U.S. President Donald Trump seeks to crack down on what he says is widespread illegal voting by noncitizens, several people charged with that crime are trying a novel strategy to get their cases dropped.
Five people being prosecuted in separate federal cases in Miami and Madison, Wisconsin, have argued for the first time in court that the 1996 law used to charge them is unconstitutional, according to a Reuters review of court filings.
A ruling for the defendants, which could come before the November 3 midterm elections, would raise questions about the federal government's authority to prosecute noncitizen voting cases. The Trump administration has pushed to deport noncitizen voters, raising the stakes for defendants who previously faced as little as a $150 fine if convicted.
The defendants were accused of violating the federal "Voting by Aliens" statute enacted three decades ago. The law makes it illegal for noncitizens to vote in federal elections, and violators can be fined up to $100,000 or imprisoned for up to a year.
#cases #people
20 mins. ago
A commonly used drug has been linked to a higher risk of death in a new study.
The antibiotic, cefepime, which is used to treat bacterial infections like pneumonia, UTIs and skin infections, is typically administered via injection by healthcare providers in a clinical setting.
Severe side effects may include confusion, decreased consciousness or seizures, especially in older patients and those with kidney problems, among many other common symptoms, according to Mayo Clinic.
Older Adults Taking 5 Or More Prescription Drugs Face Higher Risk Of Death, Study Finds
New research suggests the medication may be ****** ociated with a higher risk of all-cause mortality.
#risk
The antibiotic, cefepime, which is used to treat bacterial infections like pneumonia, UTIs and skin infections, is typically administered via injection by healthcare providers in a clinical setting.
Severe side effects may include confusion, decreased consciousness or seizures, especially in older patients and those with kidney problems, among many other common symptoms, according to Mayo Clinic.
Older Adults Taking 5 Or More Prescription Drugs Face Higher Risk Of Death, Study Finds
New research suggests the medication may be ****** ociated with a higher risk of all-cause mortality.
#risk
25 mins. ago
All eyes will be on the September Federal Open Market Committee (FOMC) meeting. Unless there is extraordinary news, like collapsing crude oil prices, I am fully expecting a key Fed interest rate hike.
The Fed never fights market rates. Since market rates have risen globally due to higher energy prices, and after the ECB hike, more central banks are expected to follow and raise key interest rates.
The big news is expected to be the FOMC statement that may signal whether or not the Fed is "one and done" or signal that more key interest rate hikes will be forthcoming. Under new Fed Chairman Warsh, the Fed may not provide good guidance, since Warsh wants Wall Street to take its cue from market rates.
Related: Louis Navellier is buying 3 headline-making stocks, including Google
The good news is that with a hike already baked into the cake, there shouldn't be a negative market reaction on September 16. In other words, don't fear the reaper because even if interest rates rise and market volatility increases, fundamentally superior stocks continue to outperform. Ahead of the meeting, however, I suspect the stock market will trade sideways.
#rates #warsh
The Fed never fights market rates. Since market rates have risen globally due to higher energy prices, and after the ECB hike, more central banks are expected to follow and raise key interest rates.
The big news is expected to be the FOMC statement that may signal whether or not the Fed is "one and done" or signal that more key interest rate hikes will be forthcoming. Under new Fed Chairman Warsh, the Fed may not provide good guidance, since Warsh wants Wall Street to take its cue from market rates.
Related: Louis Navellier is buying 3 headline-making stocks, including Google
The good news is that with a hike already baked into the cake, there shouldn't be a negative market reaction on September 16. In other words, don't fear the reaper because even if interest rates rise and market volatility increases, fundamentally superior stocks continue to outperform. Ahead of the meeting, however, I suspect the stock market will trade sideways.
#rates #warsh
33 mins. ago
SMCI trades at just 8x FY2027 EPS despite a record $60 billion order backlog and a 78% Q4 earnings beat, supporting a $60 price target by 2027.
Unlike NVDA, which only designs chips, SMCI builds complete AI factories covering rack servers, liquid cooling, and deployment, giving it a one-stop infrastructure moat.
FY2027 EPS estimates jumped 33% in 90 days with 16 upward revisions and zero cuts, yet Wall Street's consensus price target still sits at just $42.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Super Micro Computer (NASDAQ:SMCI) has quietly become one of the more interesting rebound stories in AI infrastructure. Shares are up 21.76% year to date, but the stock is still down 21.46% over the past year as investors work through governance overhangs and margin whiplash.
#fy2027 #target #unlike
Unlike NVDA, which only designs chips, SMCI builds complete AI factories covering rack servers, liquid cooling, and deployment, giving it a one-stop infrastructure moat.
FY2027 EPS estimates jumped 33% in 90 days with 16 upward revisions and zero cuts, yet Wall Street's consensus price target still sits at just $42.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Super Micro Computer (NASDAQ:SMCI) has quietly become one of the more interesting rebound stories in AI infrastructure. Shares are up 21.76% year to date, but the stock is still down 21.46% over the past year as investors work through governance overhangs and margin whiplash.
#fy2027 #target #unlike
35 mins. ago
By Brad Brooks
COLUMBIA FALLS, Montana, Sept 16 (Reuters) - More than 15 years after the U.S. Supreme Court reshaped American politics with its Citizens United campaign finance ruling, Montana voters will decide this November whether to make their state the first in the nation to bar corporations from spending money on elections through a ballot initiative.
It's a test case for a novel legal strategy that sidesteps the 2010 ruling rather than challenging it head-on -- and taps into growing, bipartisan anger over the pervasiveness of so-called dark money in elections.
"Americans are losing the belief that they have any influence over our politics," said Tom Moore, a lawyer with the Center for American Progress left-leaning think tank in Washington and the legal architect of the movement.
With similar, coordinated efforts underway in over 30 states, Montana could help set a critical precedent, experts say, and potentially lead to another showdown at the Supreme Court. Hawaii's legislature passed a similar law earlier this year, inspired by those behind the effort here.
#court #similar
COLUMBIA FALLS, Montana, Sept 16 (Reuters) - More than 15 years after the U.S. Supreme Court reshaped American politics with its Citizens United campaign finance ruling, Montana voters will decide this November whether to make their state the first in the nation to bar corporations from spending money on elections through a ballot initiative.
It's a test case for a novel legal strategy that sidesteps the 2010 ruling rather than challenging it head-on -- and taps into growing, bipartisan anger over the pervasiveness of so-called dark money in elections.
"Americans are losing the belief that they have any influence over our politics," said Tom Moore, a lawyer with the Center for American Progress left-leaning think tank in Washington and the legal architect of the movement.
With similar, coordinated efforts underway in over 30 states, Montana could help set a critical precedent, experts say, and potentially lead to another showdown at the Supreme Court. Hawaii's legislature passed a similar law earlier this year, inspired by those behind the effort here.
#court #similar
39 mins. ago
WASHINGTON (AP) — The Trump administration is stripping tens of millions of dollars in U.S. military ******* istance from countries in Europe and the Middle East to support conservative-leaning governments in Central and South America.
The State Department on Tuesday notified Congress that it will reprogram $52 million in foreign military financing from Slovakia, North Macedonia, Tunisia and Iraq to Panama, Peru, Ecuador and Colombia.
Secretary of State Marco Rubio visited Colombia, Ecuador and Peru last week and pledged to them additional support as the Trump administration has prioritized the Western Hemisphere in its foreign policy with an emphasis on combating drug trafficking and illegal immigration.
It is just the latest in a series of moves that have reduced either money or troop deployments to Europe in response to President Donald Trump's complaints about NATO allies not spending enough on their defense budgets and other matters. Both North Macedonia and Slovakia are NATO members.
But it also comes as the administration has put particular attention on the Western Hemisphere, aligning deeply with right-wing governments as Trump celebrates a renewal of the 19th century Monroe Doctrine establishing Washington's dominance in the Americas.
#Trump #Europe #slovakia
The State Department on Tuesday notified Congress that it will reprogram $52 million in foreign military financing from Slovakia, North Macedonia, Tunisia and Iraq to Panama, Peru, Ecuador and Colombia.
Secretary of State Marco Rubio visited Colombia, Ecuador and Peru last week and pledged to them additional support as the Trump administration has prioritized the Western Hemisphere in its foreign policy with an emphasis on combating drug trafficking and illegal immigration.
It is just the latest in a series of moves that have reduced either money or troop deployments to Europe in response to President Donald Trump's complaints about NATO allies not spending enough on their defense budgets and other matters. Both North Macedonia and Slovakia are NATO members.
But it also comes as the administration has put particular attention on the Western Hemisphere, aligning deeply with right-wing governments as Trump celebrates a renewal of the 19th century Monroe Doctrine establishing Washington's dominance in the Americas.
#Trump #Europe #slovakia
40 mins. ago
BAGHDAD (AP) — Two deadlines are looming for Iraq at the end of the month: the end of a decades-long U.S. military presence and the disarmament of non-state armed groups.
The U.S. withdrawal is underway, and officials say the hundreds of troops remaining in northern Iraq will be out by the Sept. 30 deadline.
The Iraqi government has linked the U.S. withdrawal to an ultimatum for militias to lay down their weapons. But most have indicated they have no plans to do so.
That leaves major questions about what the day after will look like in Iraq.
Iranian-backed Iraqi militias have struck U.S.-linked targets both inside and outside of Iraq since the U.S. and Israel attacked Iran on Feb. 28. They also have coordinated with Yemen's Houthi rebels to attack Saudi Arabia.
#sept #iranian
The U.S. withdrawal is underway, and officials say the hundreds of troops remaining in northern Iraq will be out by the Sept. 30 deadline.
The Iraqi government has linked the U.S. withdrawal to an ultimatum for militias to lay down their weapons. But most have indicated they have no plans to do so.
That leaves major questions about what the day after will look like in Iraq.
Iranian-backed Iraqi militias have struck U.S.-linked targets both inside and outside of Iraq since the U.S. and Israel attacked Iran on Feb. 28. They also have coordinated with Yemen's Houthi rebels to attack Saudi Arabia.
#sept #iranian
42 mins. ago
This story was originally published on CRE Daily. Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry ******* ysis delivered straight to their inbox with the free CRE Daily newsletter.
A $420 million CMBS loan backed by the 893,000-square-foot office tower at 51 West 52nd Street will exit special servicing after Harbor Group closed a negotiated extension.
Morningstar reported occupancy fell from 99% to 86% and cash flow dropped 37% below underwritten levels, though a source close to the deal says the building is now fully leased.
Harbor Group bought the Midtown tower from ViacomCBS for $760 million in 2021, the largest investment sale that year, and has since invested $150 million in upgrades.
A $420 million CMBS loan backed by 51 West 52nd Street, a 38-story, 893,000-square-foot Midtown office tower, will exit special servicing after sponsor Harbor Group International closed a negotiated loan extension, according to Commercial Observer. The loan, which backs the single-asset, single-borrower DBGS 2021-W52 deal, was transferred to special servicing ahead of its October 2026 maturity even though it still carried a 12-month extension option, per an alert from Morningstar Credit ******* ytics.
#group #extension
A $420 million CMBS loan backed by the 893,000-square-foot office tower at 51 West 52nd Street will exit special servicing after Harbor Group closed a negotiated extension.
Morningstar reported occupancy fell from 99% to 86% and cash flow dropped 37% below underwritten levels, though a source close to the deal says the building is now fully leased.
Harbor Group bought the Midtown tower from ViacomCBS for $760 million in 2021, the largest investment sale that year, and has since invested $150 million in upgrades.
A $420 million CMBS loan backed by 51 West 52nd Street, a 38-story, 893,000-square-foot Midtown office tower, will exit special servicing after sponsor Harbor Group International closed a negotiated loan extension, according to Commercial Observer. The loan, which backs the single-asset, single-borrower DBGS 2021-W52 deal, was transferred to special servicing ahead of its October 2026 maturity even though it still carried a 12-month extension option, per an alert from Morningstar Credit ******* ytics.
#group #extension
45 mins. ago
49 mins. ago
Indian automotive supplier Uno Minda has announced four capacity expansion and consolidation projects across its component businesses, with a combined proposed investment of about Rs14.15bn ($147.5m).
The projects span the company's two-wheeler alloy wheels, aluminium casting, moulding, and interior, exterior parts and sealing systems operations, although details have so far been provided for two of them.
One of the projects concerns a new greenfield aluminium casting plant in Hosur, Tamil Nadu, after expansion ******* e at the company's existing Hosur facility was used up.
This business supplies parts for two-wheelers, four-wheelers and commercial vehicles for both combustion-engine and electric vehicle platforms.
The project is expected to involve an additional investment of Rs5.10bn and increase capacity at the site from about 13,000 metric tonnes to a peak of 30,000 metric tonnes.
#expansion #parts
The projects span the company's two-wheeler alloy wheels, aluminium casting, moulding, and interior, exterior parts and sealing systems operations, although details have so far been provided for two of them.
One of the projects concerns a new greenfield aluminium casting plant in Hosur, Tamil Nadu, after expansion ******* e at the company's existing Hosur facility was used up.
This business supplies parts for two-wheelers, four-wheelers and commercial vehicles for both combustion-engine and electric vehicle platforms.
The project is expected to involve an additional investment of Rs5.10bn and increase capacity at the site from about 13,000 metric tonnes to a peak of 30,000 metric tonnes.
#expansion #parts
51 mins. ago
US stocks mostly rose on Wednesday morning ahead of the Federal Reserve's decision on whether to hike interest rates for the first time in three years.
The Dow Jones Industrial Average (^DJI) dipped below the flat line, while the S&P 500 (^GSPC) rose 0.2%. The Nasdaq Composite (^IXIC) gained 0.4%
Stocks searched for gains after ending Tuesday's session lower. A bond sell-off that has pushed the 10-year yield (^TNX) to its highest level since the financial crisis weighed on stock sentiment.
Crypto prices tumbled, meanwhile, after the Senate failed to pass a key procedural vote for a regulatory framework for digital ****** ets, known as the Clarity Act. Bitcoin's price (BTC-USD) dropped below $76,000.
At the same time, rising oil prices have contributed to worries that inflation will remain stubbornly high. Despite a pause in crude oil's rally, benchmark Brent (BZ=F) and WTI (CL=F) futures remain above $100 per barrel.
#stocks #time #below #federal
The Dow Jones Industrial Average (^DJI) dipped below the flat line, while the S&P 500 (^GSPC) rose 0.2%. The Nasdaq Composite (^IXIC) gained 0.4%
Stocks searched for gains after ending Tuesday's session lower. A bond sell-off that has pushed the 10-year yield (^TNX) to its highest level since the financial crisis weighed on stock sentiment.
Crypto prices tumbled, meanwhile, after the Senate failed to pass a key procedural vote for a regulatory framework for digital ****** ets, known as the Clarity Act. Bitcoin's price (BTC-USD) dropped below $76,000.
At the same time, rising oil prices have contributed to worries that inflation will remain stubbornly high. Despite a pause in crude oil's rally, benchmark Brent (BZ=F) and WTI (CL=F) futures remain above $100 per barrel.
#stocks #time #below #federal
53 mins. ago
On September 15, CareTrust REIT (NYSE:CTRE) announced it had closed on a $400 million skilled nursing portfolio in the Southwest, effective September 1, and unveiled a reloaded $600 million investment pipeline behind it. The deal covers 2,622 licensed beds triple net leased back to the existing operator, sourced off-market and structured through a joint venture that put roughly $380 million of CareTrust's own capital to work. It is the latest entry in a buying spree that has now pushed the company's 2026 investment total past $1.9 billion.
The new portfolio is expected to generate a stabilized yield of about 8.6%, in line with the 8.7% blended yield CareTrust has posted across two dozen deals closed so far in 2026. That consistency matters more than any single transaction. The company has now closed roughly $710 million in investments in the third quarter alone, including a small UK care home purchase in mid-August, on top of the $899.6 million it closed in the second quarter at an 8.9% yield.
Management says the $600 million pipeline of near-term, actionable deals, about half of it aimed at the senior housing operating portfolio, does not even include a set of larger transactions still being pursued, so the deal flow may not be finished. The balance sheet backs up that ambition. CareTrust ended the second quarter, on June 30, 2026, with net debt to annualized normalized EBITDA of just 1.01x, and as of the September announcement it still had $725 million available under its revolver plus $612 million of remaining ATM capacity. That combination let the company raise its full year 2026 guidance on August 6 to normalized FFO of $2.03 to $2.06 per share, an increase of 16.2% at the midpoint over 2025, even before this latest acquisition was on the books.
This growth has come with a real cost to existing shareholders. Diluted weighted average shares outstanding rose from about 192.9 million in the second quarter of 2025 to 234.2 million a year later, as CareTrust leaned on forward equity offerings and its ATM program to fund the buying spree. The company still had $439 million of expected net proceeds sitting in unsettled forward equity contracts as of September 15, meaning more shares are still coming.
The second quarter also carried a $4.7 million provision for loan losses, a line that did not appear in the prior year period and is worth watching as the loan and financing receivable book grows alongside the property portfolio. Interest expense rose to $15.3 million in the quarter from $13.0 million a year earlier, and 2026 guidance leans on rent escalators of just 2.5% a year, a modest built-in growth rate once the acquisition pace eventually slows. The company's own risk disclosures flag reliance on tenants to keep meeting their lease obligations, along with exposure to healthcare reform, staffing requirements, and currency swings tied to its UK operations.
#closed
The new portfolio is expected to generate a stabilized yield of about 8.6%, in line with the 8.7% blended yield CareTrust has posted across two dozen deals closed so far in 2026. That consistency matters more than any single transaction. The company has now closed roughly $710 million in investments in the third quarter alone, including a small UK care home purchase in mid-August, on top of the $899.6 million it closed in the second quarter at an 8.9% yield.
Management says the $600 million pipeline of near-term, actionable deals, about half of it aimed at the senior housing operating portfolio, does not even include a set of larger transactions still being pursued, so the deal flow may not be finished. The balance sheet backs up that ambition. CareTrust ended the second quarter, on June 30, 2026, with net debt to annualized normalized EBITDA of just 1.01x, and as of the September announcement it still had $725 million available under its revolver plus $612 million of remaining ATM capacity. That combination let the company raise its full year 2026 guidance on August 6 to normalized FFO of $2.03 to $2.06 per share, an increase of 16.2% at the midpoint over 2025, even before this latest acquisition was on the books.
This growth has come with a real cost to existing shareholders. Diluted weighted average shares outstanding rose from about 192.9 million in the second quarter of 2025 to 234.2 million a year later, as CareTrust leaned on forward equity offerings and its ATM program to fund the buying spree. The company still had $439 million of expected net proceeds sitting in unsettled forward equity contracts as of September 15, meaning more shares are still coming.
The second quarter also carried a $4.7 million provision for loan losses, a line that did not appear in the prior year period and is worth watching as the loan and financing receivable book grows alongside the property portfolio. Interest expense rose to $15.3 million in the quarter from $13.0 million a year earlier, and 2026 guidance leans on rent escalators of just 2.5% a year, a modest built-in growth rate once the acquisition pace eventually slows. The company's own risk disclosures flag reliance on tenants to keep meeting their lease obligations, along with exposure to healthcare reform, staffing requirements, and currency swings tied to its UK operations.
#closed
56 mins. ago
Palantir stock has had a rough stretch. A 5-star Wall Street **** yst just said the market is reading the company wrong.
UBS **** yst Karl Keirstead raised his price target on Palantir Technologies to $250 from $220 on Sept. 15, reiterating his Buy rating, according to CNBC. At Palantir's Sept. 14 closing price of roughly $173, the new target implies about 44% upside.
Keirstead's updated view stemmed directly from Palantir's Sept. 10 AIPCon11 event, where Palantir brought together customers, executives, and partners to discuss how companies are deploying its AI platform in real operations.
"Our view of Palantir as the best AI enabler in the market, making frontier models and AI useful in large enterprises, was, if anything, bolstered by these conversations, and demand momentum seems robust," Keirstead wrote in a note shared with clients.
He described three points that stood out from the event. Customer conversations kept coming back to AI sovereignty, the idea that enterprises and governments want control over their own data and AI infrastructure, rather than handing it to a small number of large cloud providers.
#analyst #market #target #Event
UBS **** yst Karl Keirstead raised his price target on Palantir Technologies to $250 from $220 on Sept. 15, reiterating his Buy rating, according to CNBC. At Palantir's Sept. 14 closing price of roughly $173, the new target implies about 44% upside.
Keirstead's updated view stemmed directly from Palantir's Sept. 10 AIPCon11 event, where Palantir brought together customers, executives, and partners to discuss how companies are deploying its AI platform in real operations.
"Our view of Palantir as the best AI enabler in the market, making frontier models and AI useful in large enterprises, was, if anything, bolstered by these conversations, and demand momentum seems robust," Keirstead wrote in a note shared with clients.
He described three points that stood out from the event. Customer conversations kept coming back to AI sovereignty, the idea that enterprises and governments want control over their own data and AI infrastructure, rather than handing it to a small number of large cloud providers.
#analyst #market #target #Event
57 mins. ago
Comedian and podcast host Bill Maher called out deep-blue California on Monday and said the state's voters would always support a Democrat, even if their policies were failing, as long as President Donald Trump was ******* ociated with the Republican Party.
During an interview on "Club Random" with David Foster, Maher argued that California would never vote for a Republican as long as Trump was involved in the party.
Maher noted Spencer Pratt, a Republican who finished third in Los Angeles' mayoral race and therefore did not advance to the general election, had the instinct that California had a "failed system," and Maher agreed.
"It just shows that, in this state, I guess everywhere, we're so bipartisan now, that we will accept failure, which we plainly have here in California, over voting for the party of Trump," Maher said. "Which, I understand, because he does a lot of things that are I mean, plus, Jesus, I mean, I get a lot of s--- from him for the things I criticize just off the top of my head, vulgar, corrupt, doesn't concede elections, you know, inept at things that sometimes were a good idea to begin with. Close the border, you know, get rid of nuclear weapons in Iran, but f---ed up the execution."
Bill Maher argued California will never vote for a Republican as long as President Donald Trump is involved in the party, even as failures mount.
#maher #republican #president
During an interview on "Club Random" with David Foster, Maher argued that California would never vote for a Republican as long as Trump was involved in the party.
Maher noted Spencer Pratt, a Republican who finished third in Los Angeles' mayoral race and therefore did not advance to the general election, had the instinct that California had a "failed system," and Maher agreed.
"It just shows that, in this state, I guess everywhere, we're so bipartisan now, that we will accept failure, which we plainly have here in California, over voting for the party of Trump," Maher said. "Which, I understand, because he does a lot of things that are I mean, plus, Jesus, I mean, I get a lot of s--- from him for the things I criticize just off the top of my head, vulgar, corrupt, doesn't concede elections, you know, inept at things that sometimes were a good idea to begin with. Close the border, you know, get rid of nuclear weapons in Iran, but f---ed up the execution."
Bill Maher argued California will never vote for a Republican as long as President Donald Trump is involved in the party, even as failures mount.
#maher #republican #president
58 mins. ago
On August 25, Aptiv (NYSE:APTV) said it will support NVIDIA's newly announced Jetson Orin Nano 2 processor, extending a partnership that already covers the more powerful Jetson Thor platform. The move puts Aptiv squarely inside the buildout of "physical AI," the term for machines like drones, robots, and industrial systems that need to sense and react to the real world in real time. For a company still just months removed from spinning off its electrical distribution business, betting on edge robotics is a statement about where it thinks the next decade of growth actually lives.
NVIDIA's Jetson Orin Nano 2 packs 78 TOPS of processing power into an 8GB, 8-core Arm chip that doubles the inference speed of its predecessor while cutting power draw by 40% at equivalent performance. That kind of efficiency gain matters for battery-powered devices like delivery drones and mobile robots, where every watt saved extends run time. Aptiv isn't just supplying compute support; it is layering in its PULSE surround-view camera and radar system for 360-degree sensing, its Gen 8 radar for object detection in tough conditions, and Wind River software to handle the unglamorous but essential work of long-term maintenance and security updates. That full-stack approach is the pitch: instead of stitching together sensors, chips, and software from separate vendors, customers get one partner who can carry a device from prototype to a fleet running in the field.
The timing lines up with what Aptiv reported in its second-quarter results on August 4, 2026. Revenue reached $3.3 billion, up 2%, while adjusted EBITDA climbed to $613 million from $547 million a year earlier, pushing margins to 18.7% from 17.1%. CEO Kevin Clark pointed to double-digit growth in non-automotive revenue, progress moving robotics from partnership talks to actual commercial deployments, and a major drone industry win secured in early July. North America sales rose 10% and Asia Pacific grew 6%, including 5% growth in China, giving the company some geographic momentum to lean on as it chases this new business line.
The quarter wasn't clean underneath the headline numbers. Free cash flow came in at just $12 million in the second quarter, down from $219 million a year earlier, and the first half of 2026 actually posted negative free cash flow of $196 million versus a positive $264 million a year ago. Operating cash flow from continuing operations fell to $82 million for the first half, down sharply from $531 million. Management also flagged automotive demand and customer mix as an incremental headwind, a reminder that Aptiv's legacy business still carries real weight even as it chases robotics and drones. EMEA revenue dropped 8%, and South America fell 4% in the quarter, both drags even as North America and Asia Pacific grew.
#America #real
NVIDIA's Jetson Orin Nano 2 packs 78 TOPS of processing power into an 8GB, 8-core Arm chip that doubles the inference speed of its predecessor while cutting power draw by 40% at equivalent performance. That kind of efficiency gain matters for battery-powered devices like delivery drones and mobile robots, where every watt saved extends run time. Aptiv isn't just supplying compute support; it is layering in its PULSE surround-view camera and radar system for 360-degree sensing, its Gen 8 radar for object detection in tough conditions, and Wind River software to handle the unglamorous but essential work of long-term maintenance and security updates. That full-stack approach is the pitch: instead of stitching together sensors, chips, and software from separate vendors, customers get one partner who can carry a device from prototype to a fleet running in the field.
The timing lines up with what Aptiv reported in its second-quarter results on August 4, 2026. Revenue reached $3.3 billion, up 2%, while adjusted EBITDA climbed to $613 million from $547 million a year earlier, pushing margins to 18.7% from 17.1%. CEO Kevin Clark pointed to double-digit growth in non-automotive revenue, progress moving robotics from partnership talks to actual commercial deployments, and a major drone industry win secured in early July. North America sales rose 10% and Asia Pacific grew 6%, including 5% growth in China, giving the company some geographic momentum to lean on as it chases this new business line.
The quarter wasn't clean underneath the headline numbers. Free cash flow came in at just $12 million in the second quarter, down from $219 million a year earlier, and the first half of 2026 actually posted negative free cash flow of $196 million versus a positive $264 million a year ago. Operating cash flow from continuing operations fell to $82 million for the first half, down sharply from $531 million. Management also flagged automotive demand and customer mix as an incremental headwind, a reminder that Aptiv's legacy business still carries real weight even as it chases robotics and drones. EMEA revenue dropped 8%, and South America fell 4% in the quarter, both drags even as North America and Asia Pacific grew.
#America #real
58 mins. ago
Iran is deliberately targeting U.S. naval drones in the Strait of Hormuz to gather intelligence on American surveillance capabilities and learn how to evade U.S. defenses, drone experts warned Tuesday.
Tehran's strategy is coordinated, they said, and involves exposing critical insights into U.S. Navy theater operations in the world's most vulnerable maritime choke point even when classified data is uncompromised.
The warning came as tensions escalated in the Gulf region Sept. 14 after the U.S. military destroyed two Iranian small boats amid an attempted seizure by the Islamic Revolutionary Guard Corps (IRGC) of an American unmanned surface vessel (USV) patrolling the area, according to reports.
Us Military Attacks Iran In 'Self-defense Strikes' Over Weekend
A cargo ship sails in the Persian Gulf toward the Strait of Hormuz, Wednesday, April 22, 2026.
#Iran #sept
Tehran's strategy is coordinated, they said, and involves exposing critical insights into U.S. Navy theater operations in the world's most vulnerable maritime choke point even when classified data is uncompromised.
The warning came as tensions escalated in the Gulf region Sept. 14 after the U.S. military destroyed two Iranian small boats amid an attempted seizure by the Islamic Revolutionary Guard Corps (IRGC) of an American unmanned surface vessel (USV) patrolling the area, according to reports.
Us Military Attacks Iran In 'Self-defense Strikes' Over Weekend
A cargo ship sails in the Persian Gulf toward the Strait of Hormuz, Wednesday, April 22, 2026.
#Iran #sept
1 hr. ago
VICTORIA, SEYCHELLES, September 16th, 2026, Chainwire
Bitget has published its August 2026 Proof of Reserves report, marking the 45th consecutive monthly disclosure since the program began in December 2022, with a total reserve ratio of 122% for the month. Separately, Bitget's August 2026 Protection Fund valuation report recorded an average monthly value of $382 million, backed by 5,500 BTC held as a separate protection reserve.
Bitget publishes both monthly Proof of Reserves and monthly Protection Fund valuation reports — two separate disclosures providing visibility into different parts of the platform's ***** et-protection framework. The August PoR reserve ratio of 122% means Bitget's reported reserves for tracked ***** ets exceeded the corresponding user balances included in the snapshot. A full per-asset breakdown is available on Bitget's Proof of Reserves page.
A reserve ratio above 100% reflects the position captured in a particular reporting snapshot and should not be interpreted as a financial audit or a guarantee of future solvency.
The Protection Fund's August valuation ranged from approximately $345.3 million on Aug 1, 2026 to $441.5 million on Aug 27, 2026, with an average monthly valuation of $382 million. Its dollar value fluctuates with Bitcoin's market price because the fund is backed by 5,500 BTC. Bitget established the fund in 2022 with an initial $300 million commitment, and its valuation remained above that level throughout August.
#valuation
Bitget has published its August 2026 Proof of Reserves report, marking the 45th consecutive monthly disclosure since the program began in December 2022, with a total reserve ratio of 122% for the month. Separately, Bitget's August 2026 Protection Fund valuation report recorded an average monthly value of $382 million, backed by 5,500 BTC held as a separate protection reserve.
Bitget publishes both monthly Proof of Reserves and monthly Protection Fund valuation reports — two separate disclosures providing visibility into different parts of the platform's ***** et-protection framework. The August PoR reserve ratio of 122% means Bitget's reported reserves for tracked ***** ets exceeded the corresponding user balances included in the snapshot. A full per-asset breakdown is available on Bitget's Proof of Reserves page.
A reserve ratio above 100% reflects the position captured in a particular reporting snapshot and should not be interpreted as a financial audit or a guarantee of future solvency.
The Protection Fund's August valuation ranged from approximately $345.3 million on Aug 1, 2026 to $441.5 million on Aug 27, 2026, with an average monthly valuation of $382 million. Its dollar value fluctuates with Bitcoin's market price because the fund is backed by 5,500 BTC. Bitget established the fund in 2022 with an initial $300 million commitment, and its valuation remained above that level throughout August.
#valuation
1 hr. ago
Kraft Heinz is a $25 billion global brand selling two million bottles of ketchup a day and it owns more than 200 other brands including Lunchables and Capri Sun. Reporting for TODAY, NBC's Vicky Nguyen sits down with new CEO, Steve Cahillane, to discuss where the company is headed as consumers move toward less-processed foods and more affordable store brands.
#heinz #reporting #today #vicky
#heinz #reporting #today #vicky
1 hr. ago
WASHINGTON (AP) — The United States has confirmed for the first time that it has deployed weapons in ******* e, a remarkable revelation after previous warnings about countries such as Russia possibly weaponizing a global frontier long agreed in treaties to be used for only peaceful purposes.
Air Force Secretary Troy Meink said Monday that the U.S. has fielded "on-orbit ******* e control weapons capable of defending the Joint Force against hostile adversary action."
Meink did not detail what the weapons were, how they work or if they were targeting other objects in ******* e or on Earth. The U.S. had warned two years ago that Russia was developing a new ******* e-based, anti-satellite weapon, though the White House said the danger wasn't imminent at the time.
But reports of the anti-satellite weapon reflected longstanding worries about ******* e threats from Russia and China, given that much U.S. infrastructure is dependent on satellite communications. The U.S. has also previously demonstrated its own abilities to shoot down satellites from Earth.
In his remarks to the Air and ******* e Forces ******* ociation's Air, ******* e & Cyber Conference, Meink also said the Air Force was adding more autonomous systems to its capabilities and predicted the service would look "radically different" by 2032. For example, he foresaw one-way attack drones replacing artillery as the "primary killer."
#space #earth
Air Force Secretary Troy Meink said Monday that the U.S. has fielded "on-orbit ******* e control weapons capable of defending the Joint Force against hostile adversary action."
Meink did not detail what the weapons were, how they work or if they were targeting other objects in ******* e or on Earth. The U.S. had warned two years ago that Russia was developing a new ******* e-based, anti-satellite weapon, though the White House said the danger wasn't imminent at the time.
But reports of the anti-satellite weapon reflected longstanding worries about ******* e threats from Russia and China, given that much U.S. infrastructure is dependent on satellite communications. The U.S. has also previously demonstrated its own abilities to shoot down satellites from Earth.
In his remarks to the Air and ******* e Forces ******* ociation's Air, ******* e & Cyber Conference, Meink also said the Air Force was adding more autonomous systems to its capabilities and predicted the service would look "radically different" by 2032. For example, he foresaw one-way attack drones replacing artillery as the "primary killer."
#space #earth
1 hr. ago
U.S. spot Bitcoin ETFs shed $450.4 million on Tuesday, their largest single-day outflow since June 24, according to Decrypt's Bitcoin ETF tracker.
ETFs, or exchange-traded funds, are products that let ordinary investors buy exposure to an ***** et, such as Bitcoin, through a regular brokerage account, without ever touching a crypto wallet. They've been extremely popular since first launching two years ago and have become a proxy for overall market sentiment as money flows in and out of them daily.
Fidelity's FBTC led the exodus Tuesday with $214.8 million pulled out. BlackRock's IBIT lost $161.7 million, Grayscale's GBTC shed $44.1 million, and ARK 21Shares and Bitwise's funds saw smaller withdrawals.
Ethereum ETFs bled another $142.3 million the same day, and XRP funds, smaller and newer, held flat after pulling in $11.3 million the day prior.
Combined, the three ***** et funds lost close to $593 million in a single session—the sharpest one-day pullback crypto ETFs have seen since June, when Bitcoin funds posted their worst month on record.
#million #etfs #since #tuesday
ETFs, or exchange-traded funds, are products that let ordinary investors buy exposure to an ***** et, such as Bitcoin, through a regular brokerage account, without ever touching a crypto wallet. They've been extremely popular since first launching two years ago and have become a proxy for overall market sentiment as money flows in and out of them daily.
Fidelity's FBTC led the exodus Tuesday with $214.8 million pulled out. BlackRock's IBIT lost $161.7 million, Grayscale's GBTC shed $44.1 million, and ARK 21Shares and Bitwise's funds saw smaller withdrawals.
Ethereum ETFs bled another $142.3 million the same day, and XRP funds, smaller and newer, held flat after pulling in $11.3 million the day prior.
Combined, the three ***** et funds lost close to $593 million in a single session—the sharpest one-day pullback crypto ETFs have seen since June, when Bitcoin funds posted their worst month on record.
#million #etfs #since #tuesday
1 hr. ago
By Lucia Mutikani
WASHINGTON, Sept 16 (Reuters) - U.S. retail sales rebounded sharply in August as households boosted purchases of a range of goods while also spending more at restaurants and bars, reinforcing the economy's resilience even as consumers grow more anxious about high inflation.
The stronger-than-expected report from the Commerce Department on Wednesday prompted economists to upgrade their gross domestic product growth estimates for the third quarter. Together with other data on Wednesday showing a surge in import prices last month, strong demand sealed the argument for a widely anticipated interest rate increase from the Federal Reserve later in the day, economists said.
The reports followed data this month showing producer and consumer prices accelerated in August, while the labor market regained its poise after wobbling through much of summer.
"This reaffirms that the economy is more than capable of handling higher interest rates, providing the Fed plenty of scope to hike to get inflation under control," said Bradley Saunders, North America economist at Capital Economics.
#economists #data #month
WASHINGTON, Sept 16 (Reuters) - U.S. retail sales rebounded sharply in August as households boosted purchases of a range of goods while also spending more at restaurants and bars, reinforcing the economy's resilience even as consumers grow more anxious about high inflation.
The stronger-than-expected report from the Commerce Department on Wednesday prompted economists to upgrade their gross domestic product growth estimates for the third quarter. Together with other data on Wednesday showing a surge in import prices last month, strong demand sealed the argument for a widely anticipated interest rate increase from the Federal Reserve later in the day, economists said.
The reports followed data this month showing producer and consumer prices accelerated in August, while the labor market regained its poise after wobbling through much of summer.
"This reaffirms that the economy is more than capable of handling higher interest rates, providing the Fed plenty of scope to hike to get inflation under control," said Bradley Saunders, North America economist at Capital Economics.
#economists #data #month
1 hr. ago
On August 4, Westlake Corporation (NYSE:WLK) reported second-quarter results that erased two consecutive quarterly losses in a single swing. Net income landed at $260 million, or $2.01 per share, compared with a $169 million loss just three months earlier and a $142 million loss a year ago. EBITDA nearly tripled from the second quarter of 2025. The numbers mark a sharp reversal for a company whose chemicals business had been bleeding red ink.
The turnaround centers on Performance and Essential Materials, the segment that makes chlorovinyls and other basic chemicals. PEM swung from a $318 million operating loss in the second quarter of 2025 to $185 million in income this quarter, while EBITDA excluding identified items jumped from a 3% margin to 21%. The driver was pricing: average sales prices across PEM rose 14% year over year, more than offsetting a 3% price decline in the Housing and Infrastructure Products segment. Combined with a 7% increase in companywide sales volume, excluding the effects of plant shutdowns and an acquisition, the pricing recovery pushed companywide EBITDA to $679 million from $210 million a year earlier.
Westlake is also working the balance sheet alongside the market recovery. The company reduced debt by $500 million during the quarter and returned $99 million to shareholders through dividends and share repurchases. Management says its three-pillar profitability improvement plan remains on track to deliver a $600 million operating income benefit, a target that, if it holds, would layer structural cost savings on top of whatever the market gives back in pricing.
Not every part of the story improved together. Housing and Infrastructure Products, the segment tied to home construction and building products, saw its EBITDA margin slip to 22% from 24% a year earlier, even as volume rose 6% excluding the ACI acquisition. Average sales prices in that segment fell 3% year over year, a sign that pricing power in housing products has softened even as the company sells more of it.
The improvement in the core chemicals business also leans heavily on price rather than volume. PEM's turnaround came from a 14% jump in average sales price, a figure that can move in either direction with commodity cycles. The first quarter of 2026 was a reminder of how quickly conditions shift: Westlake posted a $169 million net loss just three months before this result, weighed down by $85 million in identified items, including a $67 million charge to settle litigation over PVC pipe and fittings and $18 million tied to facility shutdowns. A year earlier, in the second quarter of 2025, the company absorbed another $130 million in shutdown-related charges. Restructuring and legal charges showed up in two of the last three reported quarters.
#million #quarter #westlake #earlier
The turnaround centers on Performance and Essential Materials, the segment that makes chlorovinyls and other basic chemicals. PEM swung from a $318 million operating loss in the second quarter of 2025 to $185 million in income this quarter, while EBITDA excluding identified items jumped from a 3% margin to 21%. The driver was pricing: average sales prices across PEM rose 14% year over year, more than offsetting a 3% price decline in the Housing and Infrastructure Products segment. Combined with a 7% increase in companywide sales volume, excluding the effects of plant shutdowns and an acquisition, the pricing recovery pushed companywide EBITDA to $679 million from $210 million a year earlier.
Westlake is also working the balance sheet alongside the market recovery. The company reduced debt by $500 million during the quarter and returned $99 million to shareholders through dividends and share repurchases. Management says its three-pillar profitability improvement plan remains on track to deliver a $600 million operating income benefit, a target that, if it holds, would layer structural cost savings on top of whatever the market gives back in pricing.
Not every part of the story improved together. Housing and Infrastructure Products, the segment tied to home construction and building products, saw its EBITDA margin slip to 22% from 24% a year earlier, even as volume rose 6% excluding the ACI acquisition. Average sales prices in that segment fell 3% year over year, a sign that pricing power in housing products has softened even as the company sells more of it.
The improvement in the core chemicals business also leans heavily on price rather than volume. PEM's turnaround came from a 14% jump in average sales price, a figure that can move in either direction with commodity cycles. The first quarter of 2026 was a reminder of how quickly conditions shift: Westlake posted a $169 million net loss just three months before this result, weighed down by $85 million in identified items, including a $67 million charge to settle litigation over PVC pipe and fittings and $18 million tied to facility shutdowns. A year earlier, in the second quarter of 2025, the company absorbed another $130 million in shutdown-related charges. Restructuring and legal charges showed up in two of the last three reported quarters.
#million #quarter #westlake #earlier
1 hr. ago
The Justice Department has charged dozens of people for suspected fraud related to the COVID-19 pandemic that resulted in hundreds of millions of dollars in losses, U.S. Attorney General Todd Blanche said Tuesday.
Speaking with reporters in the White House Rose Garden, Blanche said that between mid-June and September, federal prosecutors from across the country helped facilitate the arrests of 160 criminal defendants, including around 80 who were newly charged over suspected COVID fraud in Missouri and neighboring states.
The suspected crimes involved more than $245 million in losses, Blanche said.
White House Launches Interactive Map Tracking Billions In Suspected Fraud
Attorney General Todd Blanche has announced charges against dozens of people connected to suspected COVID-19 relief fraud.
#white #House
Speaking with reporters in the White House Rose Garden, Blanche said that between mid-June and September, federal prosecutors from across the country helped facilitate the arrests of 160 criminal defendants, including around 80 who were newly charged over suspected COVID fraud in Missouri and neighboring states.
The suspected crimes involved more than $245 million in losses, Blanche said.
White House Launches Interactive Map Tracking Billions In Suspected Fraud
Attorney General Todd Blanche has announced charges against dozens of people connected to suspected COVID-19 relief fraud.
#white #House
1 hr. ago
Oregon billionaires Phil and Penny Knight committed $1.1 billion to the Providence St. Vincent Medical Center and the Providence Heart Institute to build Oregon's first hospital dedicated to women's health, the medical center announced Tuesday.
Phil Knight, co-founder of Nike, and his wife, have supported the institute for more than a decade, previously giving it more than $200 million, including a $75 million gift earlier this year. Along with creating the new women's hospital, their new donation will help the medical center expand cardiovascular care and clinical research and training programs for the heart institute's medical personnel. It will also make it easier to integrate patient care across the medical center.
"Women's health needs change throughout life, and too often patients are asked to navigate multiple specialties and care settings on their own," Ray Moreno, the medical center's CEO, said in a statement. "The Knights' gift is an opportunity to bring these resources together, expanding access for women across Oregon and creating a strong foundation to bridge care gaps in women's health."
The donation is particularly significant because it comes at a moment when U.S. hospitals are seeing far more pregnant patients who are also managing chronic health conditions like diabetes, hypertension, addiction, and behavioral and mental health issues. It also lands at the same time healthcare organizations are struggling with the impact of government funding cuts.
"Resources are scarce, and healthcare is increasingly looking to philanthropy to fill in the gaps," Dan Oseran, the heart institute's executive medical director, told the Chronicle. "A gift like this reduces that friction a little bit and provides the ability to do things we wouldn't otherwise be able to do."
#center #oregon #knight #providence
Phil Knight, co-founder of Nike, and his wife, have supported the institute for more than a decade, previously giving it more than $200 million, including a $75 million gift earlier this year. Along with creating the new women's hospital, their new donation will help the medical center expand cardiovascular care and clinical research and training programs for the heart institute's medical personnel. It will also make it easier to integrate patient care across the medical center.
"Women's health needs change throughout life, and too often patients are asked to navigate multiple specialties and care settings on their own," Ray Moreno, the medical center's CEO, said in a statement. "The Knights' gift is an opportunity to bring these resources together, expanding access for women across Oregon and creating a strong foundation to bridge care gaps in women's health."
The donation is particularly significant because it comes at a moment when U.S. hospitals are seeing far more pregnant patients who are also managing chronic health conditions like diabetes, hypertension, addiction, and behavioral and mental health issues. It also lands at the same time healthcare organizations are struggling with the impact of government funding cuts.
"Resources are scarce, and healthcare is increasingly looking to philanthropy to fill in the gaps," Dan Oseran, the heart institute's executive medical director, told the Chronicle. "A gift like this reduces that friction a little bit and provides the ability to do things we wouldn't otherwise be able to do."
#center #oregon #knight #providence
1 hr. ago
The Federal Reserve's September policy meeting kicked off Tuesday morning, and markets overwhelmingly expect the Fed to raise interest rates by 25 basis points on Wednesday amid persistently high inflation.
Such a move would mark the Fed's first increase in the fed funds rate since 2023, when the Jerome Powell-led central bank concluded its post-pandemic hiking campaign. However, inflation has now remained above the Fed's 2% target for more than five years, with the war in the Middle East serving as the latest driver of higher prices.
As Fed Chairman Kevin Warsh said in his Jackson Hole Symposium speech in August, "We have work to do."
Still, a hold isn't entirely off the table — even as traders price in a 92% chance of a Fed rate hike, according to CME Group's FedWatch tool. Federal Reserve Chairman Kevin Warsh has been adamant about not providing markets with forward guidance on interest rate decisions, preferring that officials have a "good family fight" over the data at FOMC meetings.
In addition to the intrigue over whether the Fed will hike rates, markets will closely scrutinize the Fed's Summary of Economic Projections, the so-called dot plot, for clues about monetary policy in the next few years.
#federal
Such a move would mark the Fed's first increase in the fed funds rate since 2023, when the Jerome Powell-led central bank concluded its post-pandemic hiking campaign. However, inflation has now remained above the Fed's 2% target for more than five years, with the war in the Middle East serving as the latest driver of higher prices.
As Fed Chairman Kevin Warsh said in his Jackson Hole Symposium speech in August, "We have work to do."
Still, a hold isn't entirely off the table — even as traders price in a 92% chance of a Fed rate hike, according to CME Group's FedWatch tool. Federal Reserve Chairman Kevin Warsh has been adamant about not providing markets with forward guidance on interest rate decisions, preferring that officials have a "good family fight" over the data at FOMC meetings.
In addition to the intrigue over whether the Fed will hike rates, markets will closely scrutinize the Fed's Summary of Economic Projections, the so-called dot plot, for clues about monetary policy in the next few years.
#federal
1 hr. ago
Newly declassified FBI documents are providing a clearer picture of the gunman who nearly ****** assinated President Donald Trump at a 2024 campaign rally in Butler, Pennsylvania. The documents reveal the shooter visited a gun range alone a day before the ****** assination attempt, shooting targets at a range of 100 yards. NBC's Stephanie Gosk reports for TODAY.
#president #donald #Trump #pennsylvania
#president #donald #Trump #pennsylvania
1 hr. ago
On September 11, Elastic (NYSE:ESTC) rolled out Elasticsearch Vector Database, a new serverless offering the company says lets developers ship large-scale vector search and AI applications without stitching together the usual pile of infrastructure themselves. The launch landed less than three weeks after Elastic posted first-quarter fiscal 2027 results on August 27, for the period ended July 31, giving investors a fresh product story to weigh against a quarter that already showed accelerating growth.
The new database automates what used to require manual ***** embly: chunking documents, hosting embedding and reranking models, configuring indexes, and wiring query-time retrieval. Elastic built in expert-tuned defaults, a single field type that handles indexing, embeddings, and chunking together, and hybrid search that combines full-text and vector retrieval in one query. The system scales to hundreds of billions of vectors using Elastic's Better Binary Quantization, which the company says shrinks vector memory by up to 32 times while keeping recall high, and pricing is based on data and search capacity rather than the opaque compute units the company says define most pure-play vector database pricing.
That product push follows a quarter that was already running hot. Total revenue reached $478 million in the first quarter of fiscal 2027, up 15% year over year, while current remaining performance obligations grew 21% and remaining performance obligations grew 27%. Sales-led subscription revenue, which strips out Monthly Elastic Cloud, grew 18% year over year to $399 million, outpacing the company's overall subscription growth.
Elastic added more customers with annual contract value above $100,000 than in any prior quarter, pushing that cohort past 1,800 from over 1,720 in the fourth quarter of fiscal 2026 and over 1,550 a year earlier. Net expansion rate held around 111%, and the company generated $143 million in adjusted free cash flow during the quarter. Guidance for the second quarter of fiscal 2027, ending October 31, calls for revenue of $486 million to $487 million and a swing to positive GAAP operating margin, with full fiscal 2027 non-GAAP operating margin guided to roughly 19.4%, up from 16.2% in the quarter just reported.
Growth came with a reminder that Elastic has not fully crossed into GAAP profitability. The company posted a GAAP operating loss of $24 million in the first quarter of fiscal 2027, a -5% operating margin, and a GAAP net loss per share of $0.16. Non-GAAP figures told a healthier story, with $77 million in non-GAAP operating income and $0.70 in non-GAAP diluted earnings per share, but the gap between the two measures shows how much of Elastic's reported profitability still depends on excluding real costs like stock-based compensation.
#quarter #fiscal #year #operating
The new database automates what used to require manual ***** embly: chunking documents, hosting embedding and reranking models, configuring indexes, and wiring query-time retrieval. Elastic built in expert-tuned defaults, a single field type that handles indexing, embeddings, and chunking together, and hybrid search that combines full-text and vector retrieval in one query. The system scales to hundreds of billions of vectors using Elastic's Better Binary Quantization, which the company says shrinks vector memory by up to 32 times while keeping recall high, and pricing is based on data and search capacity rather than the opaque compute units the company says define most pure-play vector database pricing.
That product push follows a quarter that was already running hot. Total revenue reached $478 million in the first quarter of fiscal 2027, up 15% year over year, while current remaining performance obligations grew 21% and remaining performance obligations grew 27%. Sales-led subscription revenue, which strips out Monthly Elastic Cloud, grew 18% year over year to $399 million, outpacing the company's overall subscription growth.
Elastic added more customers with annual contract value above $100,000 than in any prior quarter, pushing that cohort past 1,800 from over 1,720 in the fourth quarter of fiscal 2026 and over 1,550 a year earlier. Net expansion rate held around 111%, and the company generated $143 million in adjusted free cash flow during the quarter. Guidance for the second quarter of fiscal 2027, ending October 31, calls for revenue of $486 million to $487 million and a swing to positive GAAP operating margin, with full fiscal 2027 non-GAAP operating margin guided to roughly 19.4%, up from 16.2% in the quarter just reported.
Growth came with a reminder that Elastic has not fully crossed into GAAP profitability. The company posted a GAAP operating loss of $24 million in the first quarter of fiscal 2027, a -5% operating margin, and a GAAP net loss per share of $0.16. Non-GAAP figures told a healthier story, with $77 million in non-GAAP operating income and $0.70 in non-GAAP diluted earnings per share, but the gap between the two measures shows how much of Elastic's reported profitability still depends on excluding real costs like stock-based compensation.
#quarter #fiscal #year #operating
1 hr. ago
The Trump administration has cut or frozen up to $177 billion in federal grants since the president took office for his second term, according to a tracking tool released Wednesday by a pro-democracy nonprofit and a group of researchers and scientists.
The cuts affected all 50 states and the District of Columbia, with health, nutrition, the environment and disaster relief making up the largest share of cuts, the States United Democracy Center and Grant Witness organization found.
Among the grants that were eliminated, frozen or delayed were ones related to maternal health in Michigan, education research in Mississippi and ***** istance to minority farmers in Iowa, the researchers found. California, Texas, New York, Illinois and North Carolina saw the highest amounts of interrupted grant money. The tracking tool is called Lost Funds.
"By bringing thousands of funding disruptions from the Trump administration together in a publicly accessible, verified database, Lost Funds puts the magnitude of their impact on full display," Scott Delaney, co-founder of Grant Witness, said in a statement.
The $177 billion finding represents nearly 10% of federal discretionary spending, the groups said.
#administration
The cuts affected all 50 states and the District of Columbia, with health, nutrition, the environment and disaster relief making up the largest share of cuts, the States United Democracy Center and Grant Witness organization found.
Among the grants that were eliminated, frozen or delayed were ones related to maternal health in Michigan, education research in Mississippi and ***** istance to minority farmers in Iowa, the researchers found. California, Texas, New York, Illinois and North Carolina saw the highest amounts of interrupted grant money. The tracking tool is called Lost Funds.
"By bringing thousands of funding disruptions from the Trump administration together in a publicly accessible, verified database, Lost Funds puts the magnitude of their impact on full display," Scott Delaney, co-founder of Grant Witness, said in a statement.
The $177 billion finding represents nearly 10% of federal discretionary spending, the groups said.
#administration
1 hr. ago
TOKYO (AP) — **** an's air force said one of its long-distance surveillance drones is believed to have crashed into the sea during a flight Tuesday off the country's northwestern coast.
There were no immediate details on the nature of the mission of the uncrewed RQ-4B aircraft, also known as Global Hawk. So far, there was no indication of foul play, but officials said the cause of the presumed crash was under investigation.
The Air Self-Defense Force said the drone had trouble connecting with a communication device about one and a half hours after taking off from the Misawa Air Base. Three minutes later, it disappeared from the radar and was last seen 50 kilometers (31 miles) off the coast of Tottori, the ASDF said.
Later Tuesday, a fighter jet and a **** an Coast Guard patrol ship spotted debris believed to be from the Global Hawk. After examining photos of the debris, the ASDF said the drone is believed to have crashed just after disappearing from the radar.
The cause of the Global Hawk's presumed crash is still under investigation, the ASDF said. There have been no reports of injury or damage related to the crash.
#asdf #coast #crash
There were no immediate details on the nature of the mission of the uncrewed RQ-4B aircraft, also known as Global Hawk. So far, there was no indication of foul play, but officials said the cause of the presumed crash was under investigation.
The Air Self-Defense Force said the drone had trouble connecting with a communication device about one and a half hours after taking off from the Misawa Air Base. Three minutes later, it disappeared from the radar and was last seen 50 kilometers (31 miles) off the coast of Tottori, the ASDF said.
Later Tuesday, a fighter jet and a **** an Coast Guard patrol ship spotted debris believed to be from the Global Hawk. After examining photos of the debris, the ASDF said the drone is believed to have crashed just after disappearing from the radar.
The cause of the Global Hawk's presumed crash is still under investigation, the ASDF said. There have been no reports of injury or damage related to the crash.
#asdf #coast #crash
1 hr. ago
Critics are slamming Norway over new legislation that they say singles out Jews. The proposed law could send individuals to prison for up to three years for knowingly conducting certain forms of business with Israeli communities in the West Bank.
The proposal, introduced by Norway's Ministry of Foreign Affairs, would prohibit the importation of goods originating in Israeli communities in the West Bank, including East Jerusalem and the exportation of goods to those communities. It would also restrict certain real estate transactions, construction and engineering services and investments in businesses headquartered and operating there.
Intentional violations could result in fines, imprisonment for up to three years or both, while negligent violations could carry fines, imprisonment for up to six months or both, according to Section 7 of the Norwegian Ministry of Foreign Affairs' official consultation document.
Israel's E1 Plan Explained: The Jerusalem-area Corridor Sparking International Backlash
(L-R) Palestinian Prime Minister Mohammad Mustafa, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas, and Norwegian Foreign Minister Espen Barth Eide addressed the media following the 9th Global Alliance for the Two-State Solution Meeting and the Ad Hoc Liaison Committee (AHLC) Meeting, focusing on international aid for Palestinians and the revitalization of the peace process.
#west
The proposal, introduced by Norway's Ministry of Foreign Affairs, would prohibit the importation of goods originating in Israeli communities in the West Bank, including East Jerusalem and the exportation of goods to those communities. It would also restrict certain real estate transactions, construction and engineering services and investments in businesses headquartered and operating there.
Intentional violations could result in fines, imprisonment for up to three years or both, while negligent violations could carry fines, imprisonment for up to six months or both, according to Section 7 of the Norwegian Ministry of Foreign Affairs' official consultation document.
Israel's E1 Plan Explained: The Jerusalem-area Corridor Sparking International Backlash
(L-R) Palestinian Prime Minister Mohammad Mustafa, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas, and Norwegian Foreign Minister Espen Barth Eide addressed the media following the 9th Global Alliance for the Two-State Solution Meeting and the Ad Hoc Liaison Committee (AHLC) Meeting, focusing on international aid for Palestinians and the revitalization of the peace process.
#west
