The Chefs’ Warehouse, a specialty food distributor, posted an 11.4% increase in net sales to $1.06 billion and net income of $17.4 million in Q1 2026, up from $10.3 million the previous year. Growth was driven by higher sales volumes, price inflation, and acquisitions despite challenges like extreme weather and Middle East conflict. The company also raised its full-year guidance with expected net sales between $4.35 billion and $4.45 billion and adjusted EBITDA of $276 million to $286 million. This strong start reflects successful market share gains and operational execution, positioning the company well for continued growth.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
