Category: 3. Business

  • Nationwide recall of alfalfa sprouts linked to ‘unusual strain’ of salmonella after dozens infected across Australia | Health

    Nationwide recall of alfalfa sprouts linked to ‘unusual strain’ of salmonella after dozens infected across Australia | Health

    Health authorities have issued a nationwide recall of alfalfa sprouts, urging people not to eat affected products, after at least 44 people across Australia contracted an unusual strain of salmonella.

    The recall applied to 125g packets of sprouts produced by Parilla Fresh, which included: Aussie Sprouts Alfalfa Sprouts, Hugo’s Alfalfa Onion & Garlic Sprouts, Hugo’s Alfalfa & Radish Sprouts, Hugo’s Alfalfa & Onion Sprouts, Hugo’s Salad Sprouts, Hugo’s Alfalfa & Broccoli Sprouts and Hugo’s Trio Sprouts Selection.

    The notice applied to products sold in supermarkets and grocers nationally, with use-by dates up to and including 20 November 2025.

    Sign up: AU Breaking News email

    It followed a joint investigation by interstate health and food regulatory authorities after an increase in a particular salmonella infection.

    At least 44 people nationwide had been identified with the “unusual strain of salmonella”, including 18 people in New South Wales, nine in Victoria and 15 in Queensland, health authorities from each state said.

    Health authorities said the affected alfalfa sprouts were sold in multiple supermarkets including Coles, Woolworths, IGA and other independent grocers and stores in NSW, Queensland, Victoria, the Northern Territory, Australia Capital Territory and South Australia.

    Keira Glasgow, the director of the One Health Branch at NSW Health, said consumers should check their fridge and avoid eating any of the affected products, which could make them ill.

    “Anyone who has consumed alfalfa sprouts should be on the lookout for symptoms, which include: headache, fever, stomach cramps, diarrhoea, nausea and vomiting,” she said.

    Symptoms usually started 6-72 hours after exposure, and could last for up to a week.

    “Most people recover within a week by having lots of rest and drinking plenty of fluids such as water or oral hydration drinks from a pharmacy,” Glasgow said.

    “While anyone can get salmonella infection, infants, the elderly and people with poor immune systems are more likely to have severe illness.

    skip past newsletter promotion

    “These people may need antibiotics from their doctor or, in more severe cases, hospitalisation.”

    An investigation is under way involving authorities across jurisdictions.

    The recall notice from Food Standards Australia New Zealand advised: “Consumers should not eat this product. Consumers should return the product(s) to the place of purchase for a full refund. Any consumers concerned about their health should seek medical advice.”

    Continue Reading

  • Banks lend $18 billion for Oracle-tied data center project: Report

    Banks lend $18 billion for Oracle-tied data center project: Report

    FILE PHOTO: A consortium of around 20 banks is providing a project finance loan of about $18 billion to support the construction of a data center campus linked to Oracle in New Mexico.
    | Photo Credit: Reuters

    A consortium of around 20 banks is providing a project finance loan of about $18 billion to support the construction of a data center campus linked to Oracle in New Mexico, Bloomberg News reported on Friday.

    Sumitomo Mitsui Banking Corp, BNP Paribas SA, Goldman Sachs Group, and Mitsubishi UFJ Financial Group are administrative agents on the deal, the report said, citing people with knowledge of the matter.

    The four lead banks have enlisted other banks and will now sell the debt to additional banks and institutional investors through a retail syndication process, with commitments expected by late November, according to the report.

    U.S. tech firms are ramping up investments in data centers to meet soaring demand for computing power, driven by increasingly complex artificial intelligence models such as OpenAI’s ChatGPT.

    The New Mexico data center campus is part of the Stargate initiative, a $500 billion push to build AI infrastructure across the U.S., led by OpenAI, SoftBank Group and Oracle, the report said, adding that Oracle is expected to be a tenant at the new site.

    Pricing is being discussed at 2.5 percentage points over the secured overnight financing rate and the loan is expected to carry a four-year maturity, with two one-year extension options, according to the report.

    Goldman Sachs and Oracle declined to comment on the report, while the other lead banks did not immediately respond to Reuters’ requests for comment.

    Continue Reading

  • China pushes for integrated development of coal, new energy sectors

    China pushes for integrated development of coal, new energy sectors

    A farmer works amid photovoltaic panels at a solar power station in the Yi-Hui-Miao autonomous county of Weining, Southwest China’s Guizhou province, July 3, 2025. (PHOTO / XINHUA)

    BEIJING – China has moved to promote the integrated development of its coal and new energy sectors to support the green, low-carbon transition of its energy mix.

    In a new guideline, the National Energy Administration (NEA) has called on coal-mining regions to accelerate their development of wind and solar energy projects, promote clean energy substitution through the adoption of electric and hydrogen-powered mining trucks, use renewable energy for heating and cooling, and build smart microgrids for the supply and trade of green electricity.

    By the end of the 15th Five-Year Plan period (2026-2030), the new energy development model in mining areas will have matured in basic terms, according to the NEA.

    ALSO READ: Green projects power up China-ASEAN ties

    The move is the latest step in China’s new energy development. By the end of September, China’s total installed renewable energy capacity stood at nearly 2.2 billion kilowatts, accounting for 59.1 percent of the nation’s total power capacity. In the first three quarters of the year, renewables generated about 40 percent of China’s total electricity. 

    Continue Reading

  • Valuation Insights Following Full-Year Forecast Revision and Interim Outperformance

    Valuation Insights Following Full-Year Forecast Revision and Interim Outperformance

    TOTO (TSE:5332) has just issued an updated full-year earnings forecast, lowering its outlook for the fiscal year ending March 2026. The revision follows interim results that outperformed expectations, supported by solid business in Asia and semiconductor-related demand.

    See our latest analysis for TOTO.

    TOTO’s announcement comes on the heels of modest year-to-date share price gains, up 3.38%. Even as the one-year total shareholder return remains in negative territory at -8.27%, upbeat interim performance and steady dividends caught some market attention. However, the muted longer-term returns suggest that sentiment is still cautious and momentum has not yet truly turned around.

    If this shift in outlook has you thinking about new opportunities, now’s the perfect moment to broaden your radar and discover fast growing stocks with high insider ownership

    With the guidance now reset and shares still trading at a modest discount to analyst targets, is TOTO an undervalued opportunity for patient investors, or are markets already accounting for any brighter prospects ahead?

    TOTO is trading at a price-to-sales (P/S) ratio of 0.9x, which positions its valuation above the broader Japanese building industry. With the last close at ¥3,859, the market appears to be assigning a richer multiple to TOTO relative to peers.

    The price-to-sales ratio assesses how much investors are paying for each unit of revenue. For industrial companies like TOTO, it’s a helpful indicator, especially when net earnings are volatile or impacted by one-off events. Unlike earnings, revenue generally remains less distorted by non-recurring items. This makes the P/S ratio useful for comparing similar firms within this sector.

    Despite this higher multiple, TOTO’s valuation is considered good when measured against the average of its listed peers, which share the same 0.9x P/S ratio. However, it stands expensive compared to the broader industry P/S average of 0.5x. Factoring in the estimated fair price-to-sales ratio of 1.6x, there is an argument the market could eventually price the stock higher if revenue and market sentiment improve.

    Explore the SWS fair ratio for TOTO

    Result: Price-to-Sales of 0.9x (ABOUT RIGHT)

    However, sluggish long-term returns and decelerating near-term momentum could challenge the valuation case if revenue growth does not accelerate as anticipated.

    Find out about the key risks to this TOTO narrative.

    While the price-to-sales ratio points to fair value, our DCF model takes a different stance. According to this approach, TOTO’s current share price of ¥3,859 stands above our calculated fair value of ¥3,338.87. This suggests the market may be overestimating the company’s future cash flows. Does this mean investors are paying too much for TOTO’s growth potential?

    Look into how the SWS DCF model arrives at its fair value.

    5332 Discounted Cash Flow as at Nov 2025

    Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out TOTO for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 870 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.

    If you see the story differently or want to explore the numbers on your own terms, you can quickly build your own view and Do it your way.

    A great starting point for your TOTO research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.

    Don’t limit your strategy to just one stock. Give yourself an edge by targeting investments with attributes that fit what you want for the future.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include 5332.T.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

    Continue Reading

  • Nvidia CEO Huang sees strong demand for Blackwell chips

    Nvidia CEO Huang sees strong demand for Blackwell chips

    HSINCHU, Taiwan, Nov 8 (Reuters) – Nvidia CEO Jensen Huang on Saturday said the semiconductor giant is experiencing “very strong demand” for its state-of-the-art Blackwell chips, as its appetite for wafers from TSMC (2330.TW), opens new tab grows.

    “Nvidia builds the GPU (graphics processing units), but we also build the CPU (central processing units), the networking, the switches, and so there are a lot of chips associated with Blackwell,” Huang told reporters at an event held by Nvidia’s longtime partner Taiwan Semiconductor Manufacturing Co in Hsinchu.

    Sign up here.

    TSMC CEO C.C. Wei said that Huang had “asked for wafers,” but that the number was confidential.

    “TSMC is doing a very good job supporting us on wafers,” Huang said during his fourth public trip to Taiwan this year, adding that Nvidia’s success would not be possible without TSMC.

    Nvidia made history in October when it became the first company to reach a $5 trillion market value and TSMC’s Wei called Huang a “five-trillion-dollar man.”

    When asked how concerned he was about memory shortages, Huang said that business was growing strongly and there would be shortages of “different things.”

    “We have three very, very good memory makers – SK Hynix, Samsung, Micron – are all incredibly good memory makers, and they have scaled up tremendous capacity to support us,” Huang said.

    Huang also said Nvidia has received the most advanced chip samples from all three memory makers.

    When asked about possible memory price increases, he said: “it’s for them to decide how to run their business.”

    South Korea’s SK Hynix (000660.KS), opens new tab said last week it had sold out all its chip production for next year and planned to sharply boost investments, expecting an extended chip “super cycle” spurred by the AI boom.
    Samsung Electronics (005930.KS), opens new tab also said last week it was in “close discussion” to supply its next-generation high-bandwidth memory chips, or HBM4, to Nvidia.
    On Friday, Huang said there were “no active discussions” about selling Blackwell chips – Nvidia’s flagship artificial-intelligence chip – to China. The Trump administration has prevented such sales, saying they could aid the Chinese military and the country’s AI industry.

    Reporting by Wen-Yee Lee in Hsinchu; Editing by William Mallard and Thomas Derpinghaus

    Our Standards: The Thomson Reuters Trust Principles., opens new tab

    Continue Reading

  • Ethereum: Near-Term Headwinds, And A Long-Term Bullish Case (Cryptocurrency:ETH-USD) – Seeking Alpha

    1. Ethereum: Near-Term Headwinds, And A Long-Term Bullish Case (Cryptocurrency:ETH-USD)  Seeking Alpha
    2. ETH Rebounds After $3K Visit, ETFs See 5th Day of Outflow: What’s Next?  Coinspeaker
    3. U.S. spot Ethereum ETF turns to net outflows again after one day… US$48.1 million  bloomingbit
    4. Ethereum ETFs Face $219M Outflow in 24 Hours — BlackRock’s ETHA Sees Record $111M Withdrawn  Bitget
    5. Ethereum Traders Buy the Dip Despite Third-Largest Spot Outflow Since October  Yahoo Finance

    Continue Reading

  • Does Nissan’s China Export Strategy Mark a Turning Point for Profit Recovery at TSE:7201?

    Does Nissan’s China Export Strategy Mark a Turning Point for Profit Recovery at TSE:7201?

    • Nissan Motor recently updated its earnings guidance for the first half of fiscal year 2025, reporting a substantially smaller operating loss than previously forecast and newly confirming plans to export China-made vehicles through a joint venture with Dongfeng Motor.

    • The shift to an export-focused model in China aims to address weak local sales and excess capacity by targeting overseas markets, reflecting Nissan’s efforts to stabilize profitability during a period of operating challenges and global tariff pressures.

    • We’ll examine how Nissan’s move to export China-made cars could influence its investment narrative and recovery efforts in key regions.

    Uncover the next big thing with financially sound penny stocks that balance risk and reward.

    To own Nissan shares today, an investor would need to believe in Nissan’s ability to restore its earnings profile through aggressive cost controls, successful execution of its China export plan with Dongfeng Motor, and recovery in core markets amid competitive and tariff pressures. The recent earnings guidance revision signals a smaller short-term operating loss, driven by one-off cost items, yet it does little to ease concerns over ongoing tariff impacts and negative free cash flow, which remain the main catalyst and risk for the stock.

    Among recent announcements, Nissan’s full-year earnings guidance now includes a projected operating loss of JPY 275 billion, explicitly reflecting the effects of US tariffs. This directly ties to the most pressing catalyst: whether initiatives like exporting China-made vehicles and ongoing restructuring can counteract cost headwinds, and help prevent further strain on Nissan’s liquidity and margin recovery prospects.

    However, investors should pay close attention to the risk that, despite recent positives, persistent cash outflows and tariff impacts could…

    Read the full narrative on Nissan Motor (it’s free!)

    Nissan Motor’s outlook anticipates ¥12,909.5 billion in revenue and ¥203.3 billion in earnings by 2028. This scenario assumes a 1.5% annual revenue growth rate and an increase of ¥1,018.5 billion in earnings from the current level of ¥-815.2 billion.

    Uncover how Nissan Motor’s forecasts yield a ¥336 fair value, a 4% downside to its current price.

    TSE:7201 Community Fair Values as at Nov 2025

    Simply Wall St Community members posted 3 fair value estimates for Nissan Motor, ranging from ¥110.65 to ¥430. The wide span of valuation views comes as the company faces ongoing operating losses and execution risks in its turnaround, inviting you to compare many perspectives on Nissan’s future direction.

    Explore 3 other fair value estimates on Nissan Motor – why the stock might be worth as much as 22% more than the current price!

    Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    Early movers are already taking notice. See the stocks they’re targeting before they’ve flown the coop:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include 7201.T.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

    Continue Reading

  • How State Street’s New MENA HQ and Alternatives Push at STT Has Changed Its Investment Story

    How State Street’s New MENA HQ and Alternatives Push at STT Has Changed Its Investment Story

    • State Street Corporation announced the official launch of its Middle East and North Africa Regional Headquarters in Riyadh, Saudi Arabia, after receiving approval from the Ministry of Investment Saudi Arabia, further solidifying its over 25-year presence in the region.

    • This expansion, combined with a new minority investment in Coller Capital, a specialist in alternative investments, signals the company’s intent to boost its regional influence and strengthen its position in the fast-growing alternatives sector.

    • We’ll consider how State Street’s move to establish its MENA headquarters sharpens its investment narrative around regional and alternatives growth.

    Find companies with promising cash flow potential yet trading below their fair value.

    Owning State Street stock rests on believing in the company’s ability to grow fee-based revenue through global asset servicing while withstanding ongoing fee compression and new technology in financial services. The newly launched MENA headquarters signals a push into growth regions and alternatives but does not meaningfully change the biggest catalyst, rising global wealth and ETF inflows, or the main risk of accelerated fintech disruption and platform innovation shortfalls in the near term.

    Of the recent developments, State Street’s launch of the SPDR Portfolio Ultra Short T-Bill ETF (SPTU) is closely related, as it underscores the company’s focus on broadening its product set to capture more inflows and reinforce recurring fee revenue, key to offsetting margin pressures and supporting its investment case around scale and efficiency.

    Yet with pressure from new tech entrants still building, investors should also be aware that…

    Read the full narrative on State Street (it’s free!)

    State Street’s narrative projects $14.7 billion revenue and $3.5 billion earnings by 2028. This requires 3.3% yearly revenue growth and a $0.9 billion earnings increase from $2.6 billion currently.

    Uncover how State Street’s forecasts yield a $130.36 fair value, a 10% upside to its current price.

    STT Community Fair Values as at Nov 2025

    Fair value estimates from six individual members of the Simply Wall St Community span a broad range, from US$48.13 to US$248,121.66. While growth in assets under custody remains a core catalyst, these varied views show just how differently some investors assess potential future performance.

    Explore 6 other fair value estimates on State Street – why the stock might be a potential multi-bagger!

    Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    Right now could be the best entry point. These picks are fresh from our daily scans. Don’t delay:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include STT.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

    Continue Reading

  • Record Revenues and Strategic Growth Amid …

    Record Revenues and Strategic Growth Amid …

    This article first appeared on GuruFocus.

    Release Date: November 06, 2025

    For the complete transcript of the earnings call, please refer to the full earnings call transcript.

    • BGC Group Inc (NASDAQ:BGC) reported record third-quarter revenues of $737 million, a 31% increase from the previous year.

    • The company achieved significant growth across all asset classes and geographies, demonstrating the strength of its global platform.

    • FMX outperformed with record-setting volumes in futures and US Treasuries, with US Treasury market share reaching an all-time high of 37%.

    • The $25 million cost reduction program is on track to be completed by year-end, expected to enhance profitability and margins.

    • BGC Group Inc (NASDAQ:BGC) saw a 114% increase in ECS revenues, driven by OTC and strong organic growth in the energy complex.

    • Compensation and employee benefits expenses increased significantly by 47.5% under GAAP, impacting overall profitability.

    • Non-compensation expenses also rose by 20.9% under GAAP, primarily due to the acquisition of OTC.

    • Electronic credit revenues showed minimal growth, up only 1.6%, indicating potential challenges in this segment.

    • The company faces ongoing risks and uncertainties that could affect forward-looking statements and actual results.

    • Despite strong growth, the company remains exposed to macroeconomic, social, and political factors that could impact future performance.

    Q: In the 3rd quarter, we saw on-exchange volumes in some asset classes slow down significantly. Your results, though, were quite strong. What allowed BGC to outperform some of those industry proxies? A: Unidentified_4: The growth was driven by targeted expansion within the ECS sector, with a 21% growth excluding OTC. This was supported by hiring 150 new brokers over the last 18 months, which helped us take market share in specific geographies and asset classes.

    Q: Could you elaborate on the strong growth in FMX and your expectations for FCM onboardings in the coming quarters? A: Unidentified_7: We are in the second year of FMX, having achieved record open interest and onboarded 11 FCMs. We are on track with our goals, and the focus is now on integrating FMX into aggregators and smart order routers. We expect to shift attention to US Treasury futures in 2026.

    Q: Can you walk us through the strong share growth in your FMX cash markets? What would you attribute that to? A: Unidentified_4: The growth in market share, particularly in treasuries, is due to the adoption by FMX partners and the platform becoming a viable alternative to CME. The growth is broad-based across different protocols.

    Q: How much leverage does your energy segment have to higher adoption of cloud and artificial intelligence going forward? A: Unidentified_3: While revenue impact is not significant, our energy procurement business benefits from Newmark’s data center connections, allowing us to procure energy for these centers, thus increasing our involvement in the sector.

    Q: Electronic credit revenues are flattish year-to-date. Can you talk about what you’re seeing in that business and its growth potential compared to Trade Web or Market Access? A: Unidentified_3: We believe we can grow at similar rates to Trade Web or Market Access. We are launching new electronic protocols and gaining market share, which will accelerate growth as electronic offerings become a larger part of our credit business.

    For the complete transcript of the earnings call, please refer to the full earnings call transcript.

    Continue Reading

  • Strong Revenue Growth Amid Challenges

    Strong Revenue Growth Amid Challenges

    This article first appeared on GuruFocus.

    Release Date: November 05, 2025

    For the complete transcript of the earnings call, please refer to the full earnings call transcript.

    • One Stop Systems Inc (NASDAQ:OSS) reported a significant 36.9% year-over-year increase in consolidated revenue for Q3 2025.

    • The company achieved positive quarterly EBITDA and GAAP net income, reflecting strong operational execution.

    • OSS’s strategic actions, including leadership strengthening and a multi-year strategic plan, have led to improved financial and operating results.

    • The company has a strong pipeline and customer engagement activities across both defense and commercial markets.

    • OSS raised its full-year 2025 consolidated revenue guidance to $63 million to $65 million, indicating confidence in continued growth.

    • The ongoing government shutdown may impact the timing of near-term bookings, affecting revenue recognition.

    • There is expected quarter-to-quarter variability in bookings, which could lead to fluctuations in financial performance.

    • The company experienced a 22% increase in operating expenses, primarily due to higher R&D expenditures.

    • OSS’s European markets, served by the Bresner segment, have not fully recovered to growth expectations.

    • The timing of shipments and cash flow remains uncertain, potentially affecting financial stability in the short term.

    Q: How should investors think about the seasonality going forward for core OSS in light of the strong bookings execution and the government shutdown? A: Typically, OSS sees higher revenues in the second half of the year due to the timing of bookings, especially as the government approaches the holiday period. This pattern is expected to continue into 2026, albeit with a moderated ramp compared to 2025. The government shutdown may affect the timing of bookings, but OSS has sufficient backlog to meet its 2025 guidance.

    Q: Can you update us on the data center market opportunity and the advancements you’re making? A: OSS has launched Ponto, a larger version of its GPU expansion solution, which is under evaluation by several customers in the data center market. The company is also introducing new technologies like PCI Gen 6 to enhance its offerings. On the army situational awareness side, testing continues, although the government shutdown has stalled some evaluations.

    Q: What was behind the strong performance of the Bresner segment, and what are the expectations for the final quarter of the year? A: Bresner’s strong performance was driven by recovery in industrial markets and favorable FX impacts. The segment grew by $2.3 million, with $600,000 due to FX. For the fourth quarter, Bresner is expected to perform similarly to the third quarter, with some shipments potentially impacting the timing of revenue recognition.

    Q: How is the company planning to deploy the $12.5 million raised from the registered direct offering? A: The cash raised will support working capital needs during the growth phase, particularly in accounts receivable. OSS expects positive cash flow in Q4 and plans to use the funds for a disciplined M&A strategy in 2026.

    Q: Given the government shutdown, what is the current status of operations with government entities, and how does it affect the backlog? A: Major government organizations are currently shut down, affecting contract awards and deliveries. However, OSS can still operate with third-party services and expects to make deliveries and receive payments for existing contracts. The company has sufficient backlog to cover the first half of next year, and as long as bookings resume by the end of Q2 2026, revenue conversion should remain on track.

    For the complete transcript of the earnings call, please refer to the full earnings call transcript.

    Continue Reading