Annual Sales of $615.3 millionFourth quarter Sales of $150.7 million, Net Income of $8.2 million and EPS of $0.22 Fourth quarter EBITDA1 of $18.0 million, 11.9% of salesFree Cash Flow1 of $13.8 million for the quarter and $40.7 million for the yearQuarterly dividend of $0.105 per common share to be paid December 31, 2025 TORONTO, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Exco Technologies Limited (TSX-XTC) today announced results for its fourth quarter and year ended September 30, 2025. In addition, Exco announced ...

Market Overview - U.S. stock markets are experiencing a winning streak, driven by optimism for a potential interest rate cut by the Federal Reserve in December [1][2] - As of midday on November 26, 2025, the S&P 500 Index is up approximately 0.6%, the Dow Jones Industrial Average is also up around 0.6%, and the Nasdaq Composite is leading with a rise of roughly 0.7% [2] - The positive market sentiment is attributed to falling bond yields and dovish comments from Federal Reserve officials, with an 80% probability of a rate cut at the upcoming FOMC meeting [2][6] Economic Indicators - The Conference Board reported a sharp decline in the consumer confidence index for November, falling to 88.7, the lowest level since April [5] - Weekly initial unemployment claims unexpectedly fell to a seven-month low of 216,000, while September's capital goods new orders rose more than anticipated [5] Corporate Earnings and Stock Movements - Urban Outfitters (URBN) shares are up 12% after reporting strong third-quarter earnings of $1.53 billion and earnings per share of $1.28, exceeding analyst estimates [7] - Autodesk (ADSK) surged 6.5% after reporting adjusted earnings per share of $2.67 on revenue of $1.85 billion, surpassing expectations [8] - Dell Technologies (DELL) advanced 2.5% following record orders for AI servers and an increased 2026 revenue forecast [9] - Nvidia (NVDA) shares ticked 0.4% higher, recovering from a previous decline due to competitive pressures from Meta Platforms [10] - Workday (WDAY) sank 8% after reporting subscription revenue in line with consensus but disappointing outlook [11] - HP Inc. (HPQ) fell 2.5% after forecasting weaker adjusted EPS for 2026 and announcing workforce reductions [11] Sector Performance - Broad-based gains are noted in the market, particularly in the semiconductor sector, despite mixed economic data [3]

SINGAPORE, Nov. 26, 2025 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL”), through its wholly owned subsidiary Environmental Solutions (Asia) Pte Ltd (“ESA”), today announced the signing of a non-binding Memorandum of Understanding (“MOU”) with De Tomaso Automobili Holdings Limited and PT Buana Megawisatama (“PBM”) to jointly explore the feasibility of developing a carbon-neutral luxury race circuit in Bintan, Indonesia. The concept of the MOU seeks to integrate: ESA’s circular and low-carb ...

Group 1: Urban Development and Construction - The 9th Huaxia Urban Industry Chain Development Conference focused on high-quality urban construction, urban renewal, barrier-free construction, and elderly-friendly renovations [1] - Various city construction system leaders shared innovative practices and systematic solutions for barrier-free environment construction, presenting replicable and promotable advanced cases [1] - The conference showcased "2025 Annual Urban Industry Chain Cases," highlighting new achievements, technologies, and breakthroughs in urban development [1] Group 2: AI in Real Estate Services - 58.com and Anjuke launched an AI assistant named "Xiao An" to enhance operational efficiency and service quality for real estate agents [2] - The AI assistant streamlines the entire process for agents, providing tools for property marketing, client engagement, and transaction management [2][3] - The AI video generation feature allows agents to create professional property videos easily, enhancing the quality of service for over ten million users [2] Group 3: Autonomous Driving Solutions - Jiushi Intelligent Technology promotes pure electric unmanned vehicles, reducing single vehicle costs to about one-third of the industry average and carbon emissions by approximately 10 kg per day per vehicle [4][6] - The company has developed a "land and air integrated patrol vehicle" in collaboration with Suzhou Public Security, providing efficient solutions for urban safety management [4] - Jiushi Intelligent has established an automated and intelligent logistics network for tire delivery, enhancing operational efficiency in urban environments [5][6] Group 4: Smart City Operations - Lize City Resources has developed a comprehensive smart operation project for the Lize Financial Business District, integrating government and enterprise collaboration for urban management [7][8] - The project has processed over 380,000 work orders and created innovative scenarios to address urban challenges, enhancing community engagement and regional consumption [8] - The smart operation platform utilizes IoT, big data, and AI algorithms to transition urban governance from reactive to proactive, improving public space accessibility and inclusivity [8]

Group 1: Technology Innovations - Huawei launched the Mate 80 series smartphones featuring four new technologies: ultra-transparent Linglong screen, outdoor exploration mode, emergency communication without network, and second-generation red maple imaging. Prices start from 4699 yuan for Mate 80 and go up to 11999 yuan for Mate 80 RS [2] - Tencent introduced the open-source HunyuanOCR model with only 1 billion parameters, achieving state-of-the-art results in various OCR applications [4] - Baidu established two new research departments focused on developing general AI models and specialized application models, reporting directly to CEO Li Yanhong [5] Group 2: AI and Cloud Computing - Alibaba's CEO discussed the strong demand for AI, indicating a supply chain expansion cycle lasting at least two to three years, with AI resources remaining in short supply [3] - Amazon announced an investment of up to $50 billion to enhance its AI and high-performance computing services for U.S. government agencies, planning to build 1.3GW of new data center capacity [7] Group 3: Corporate Developments - "Zhihui Jun" was elected as the chairman of Upwind New Materials, with a new executive team appointed [6] - Ideal Auto's chairman revealed plans to launch AI glasses and an AI speaker, emphasizing the integration of AI capabilities into their product ecosystem [8] Group 4: Market and Investment Activities - Demingli plans to raise up to 3.2 billion yuan through a private placement to fund SSD and DRAM expansion projects [12] - Purun Co. is in the process of acquiring a 49% stake in Zhuhai Noah Changtian Storage Technology Co., with the transaction still in the planning stage [13] - Dingtong Technology intends to acquire 70% of Shenzhen Blue Ocean Vision Technology Co. for 126 million yuan, focusing on machine vision equipment [16] - Chunqiu Electronics is making a voluntary offer to acquire all shares of Asetek A/S for up to 573 million Danish kroner, targeting the liquid cooling technology sector [17]

Core Insights - Karooooo, a smart mobility SaaS platform provider, will participate in two upcoming investor conferences, showcasing its strategic initiatives and market presence [1][2]. Company Overview - Karooooo specializes in digital transformation of physical operations, focusing on fleet maintenance, fuel management, asset utilization, workforce management, logistics, safety, compliance, risk, and environmental impact [3]. - The company operates a cloud platform that provides insights and analytics to enhance operational efficiency, reduce costs, and improve safety and customer satisfaction [3]. - Headquartered in Singapore, Karooooo serves over 125,000 commercial customers and has more than 2,500,000 active subscribers across 20 countries [4]. Financial Performance - Karooooo reported a significant increase in subscription revenue, with Cartrack's quarterly subscription revenue rising by 20% to ZAR1,180 million compared to ZAR983 million in the previous year [8]. - The annualized recurring revenue (ARR) for Cartrack also increased by 20% to ZAR4,806 million as of August 31, 2025 [8].

A Georgia teenager called into a recent “The Ramsey Show” with a warning tale about his first car purchase, and how quickly costs can spiral out of control. Beto, a 17-year-old from Atlanta, told hosts Rachel Cruze and Jade Warshaw that he works full-time at a mixed martial arts gym, making about $850 every two weeks. He recently bought a 2012 Honda Accord from a friend for $8,000, agreeing to make payments of $400 per month. But he didn't expect insurance to be such a hit. Don't Miss: The ‘ChatGPT of Ma ...

Volkswagen says it will be able to slash the cost of developing an electric vehicle in China by as much as 50% https://t.co/wB9nS8Vmad ...

Core Viewpoint - Major insurers are retreating from providing coverage for risks associated with artificial intelligence due to the potential for multibillion-dollar claims and systemic risk posed by correlated losses across multiple incidents [1][2][12] Group 1: Insurers' Response to AI Risks - Insurers like AIG, Great American, and WR Berkley are introducing explicit exclusions for AI-related risks, particularly concerning agents and language models [1] - The potential losses related to AI could reach several hundreds of millions of dollars, with the primary concern being the possibility of simultaneous, massive losses that cannot be mutualized [1][2] Group 2: Systemic Risk and Interconnectedness - The interconnected nature of AI systems creates a breeding ground for contagion, where a single error can propagate rapidly across a network, affecting thousands of users simultaneously [5][10] - Financial systems exhibit a "robust-yet-fragile" dynamic, where they can withstand numerous shocks but may collapse suddenly when a specific shock travels through interconnected channels [3][4] Group 3: Challenges in Insurability - Insurability relies on the law of large numbers, which requires events to be independent; however, cyber risks and generative AI create environments where losses are highly correlated and difficult to attribute [6][8] - Generative AI amplifies the structural fragility of cyber insurance, as a single defect or vulnerability can lead to widespread, identical losses across an entire sector [7][8] Group 4: Legal and Regulatory Implications - The issue of "AI liability" remains largely unexplored, with significant contractual asymmetry where AI providers limit their liability and transfer risk to users [19][20] - This creates a regulatory gap, a contractual gap, and an insurance gap, leading to a legal systemic risk characterized by diffuse responsibility and concentrated dependency [23]

Core Insights - The article discusses the rapid development trends in the AI terminal industry, highlighting the emergence of AI smartphones, AI PCs, and wearable devices as central components of a smart living model, leading to the creation of intelligent spaces such as smart homes and smart cars [4][6][11]. Group 1: AI Terminal Development - The "end-edge-cloud" architecture is identified as a key driver for the scalable development of AI terminals, with significant breakthroughs expected by 2025 [10][18]. - AI smartphones and AI PCs are positioned as the primary entry points for personal digital life, with AI wearable devices extending their functionality [11][41]. - The domestic smartphone shipment reached 220 million units from January to September 2025, indicating a strong growth trajectory [34]. Group 2: Smart Home and Smart Car Integration - The smart home app user base reached 383 million by October 2025, with an average usage frequency of 60.7 times per month, reflecting a shift towards personalized and scenario-based smart experiences [6][45]. - In the smart car sector, L2 level assisted driving configurations accounted for 69.4% of vehicles by October 2025, showcasing the mainstream adoption of advanced driving technologies [52]. - The integration of smart homes and smart cars is leading to the development of a "super space intelligence" model, enhancing user interaction and experience [45][50]. Group 3: Emerging AI Technologies - The field of embodied intelligence is experiencing explosive growth, with 409 financing events recorded from January to October 2025, indicating strong investor interest [12][60]. - Embodied intelligence is seen as a critical leap for AI, transitioning from virtual to physical applications, with industrial manufacturing being the initial focus area [62]. - Space intelligence is defined as the next significant milestone in AI development, providing a foundational framework for AI terminals to achieve comprehensive intelligent behavior in the physical world [64][66]. Group 4: Market Dynamics and Competitive Landscape - The competition among smartphone manufacturers, internet companies, and home appliance firms is intensifying as they vie for control over user interaction interfaces [6][47]. - Major tech companies are rapidly entering the space intelligence sector, with their investments reflecting their core business strengths [68][70]. - The article emphasizes that the future of AI terminals will be shaped by their ability to integrate seamlessly into users' lives, enhancing the overall experience [72].