Wind turbine maker to pay settlement after blade broke apart and washed up on Nantucket beaches
Fiberglass fragments of the blade began washing ashore last summer during the peak of tourist season after pieces of the wind turbine at the Vineyard Wind project began falling into the Atlantic Ocean in July 2024.
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Yahoo
21 minutes ago
- Yahoo
The stock market is being led by a new group of winners
The stock market is being led by a new group of winners originally appeared on TheStreet. For a while, the S&P 500's returns have been dominated by a select group of technology kingpins known as the Magnificent 7. Those seven stocks, Alphabet, Apple, Amazon, Microsoft, Meta Platforms, Nvidia, and Tesla, powered the market higher due to massive spending and demand growth for artificial intelligence training and remain key cogs in the S&P 500's performance, but more recently, a new basket of stocks is delivering big returns, potentially signaling the early days of a regime change. Unlike the Mag 7, the new leaders are far less tied to AI. Sure, names like Palantir and Nvidia remain big winners, but the broader group of stocks delivering eye-popping returns spans more industries, including finance and, yes, even space. Stocks jump on renewed optimism It's been a tale of two markets this year. First, stocks took a drubbing beginning in February when President Donald Trump launched his trade war, instituting 25% tariffs on Canada and White House followed that up with more tariffs, often higher than Wall Street and businesses expected, including a baseline 10% tariff on all imports and a 25% tariff on autos. Altogether, the tariff tit-for-tat took a big toll on stocks, causing the S&P 500 to fall by 19% — nearly into bear market territory — and the Nasdaq Composite to tumble about 24% through early April. Then, everything changed. President Trump paused most reciprocal tariffs on April 9, providing leeway for trade deals that could settle tariffs at more reasonable levels. The glimmer of hope for avoiding a worst-case scenario of high tariffs sparking inflation and sending the economy into a tailspin marked a bottom for stocks, kicking off a record-setting rally. The S&P 500 has marched 24% higher, while the Nasdaq has rallied by over 30% as more people have lowered their forward inflation expectations. While there's some concerning economic data on jobs and the economy, market gains suggest we'll sidestep an economic reckoning, providing upside to revenue and earnings growth. New stock market leaders emerge By now, most investors are familiar with market darlings Nvidia and Palantir, two of the most prominent AI players. Given its dominance in high-end AI semiconductor chips and optimization software, Nvidia is the de facto Goliath in AI network infrastructure. Palantir has become a go-to for securely developing AI apps for government and stocks have been top performers over the past few months, rising 82% and 107% from their early April lows. But other big-cap technology companies haven't performed nearly as well. Alphabet and Apple are up 28% and 23%, respectively. Solid, but not game-changing. You could have bought the Nasdaq 100 and done much better. Instead, a new set of stock market darlings has been outpacing the market, including space technology leader Rocket Lab () and fintech leader SoFi Technologies () . Cryptocurrency leader Coinbase () has also been a star. These three stocks are up 214%, 130%, and 176%, respectively, from their April lows. Moreover, to understand just how good the performance of this new basket of leaders has been, you need look no further than the VanEck Social Sentiment ETF () . The BUZZ ETF invests in "75 large cap U.S. stocks, which exhibit the highest degree of positive investor sentiment and bullish perception based on content aggregated from online sources including social media, news articles, blog posts, and other alternative datasets," according to VanEck. In short, it attempts to keep its finger on the pulse of the most interesting stocks. So far, that strategy is working. The BUZZ ETF gained 36% in the second quarter and is up 22% year-to-date through June. Meanwhile, the S&P 500 is up 11% and 6%. It's up 66% since early April, and month-to-date through July 18, it's gained 8% versus a 2% return for the Nasdaq. More on next-generation stocks:"Look at how poorly the QQQs have done relative to BUZZ since April. Think about this, we consider the QQQs to be the pinnacle of technology stocks, yet they practically look like the healthcare stocks relative to the S&P when compared to BUZZ," wrote long-time technical analyst Helene Meisler on TheStreet Pro. It's not just Rocket Lab, Coinbase, and SoFi powering the ETF, either. Yes, those are the three largest holdings in BUZZ, but AST SpaceMobile and Robinhood () are number four and five, and they've been up 186% and 219% since early April. Nvidia and Palantir are only BUZZ's 10th and 11th biggest holdings, so while their gains are substantial, they're not the ones behind the ETF's significant outperformance. Does the rise of Rocket Lab, thanks to a steady stream of revenue growth from shooting satellites into the sky, or SoFi, which is increasingly disrupting traditional banking, signal the rise of a new guard, or is it just a temporary speculative frenzy? "I was taught that corrections are the market's way of changing leadership," wrote Meisler. "Was the spring plunge the market's way of changing leadership? Or is this just speculation run amok? If you go back to that ratio chart, it's a trend that has been in place for at least a year." Of course, stocks don't go up in a straight line, and some backfilling of gains for this new group of winners is to be expected. Still, one year is a pretty long period for this ETF and its biggest components to outpace the broader market. Todd Campbell owns Rocket Lab, SoFi Technologies, Nvidia, and stock market is being led by a new group of winners first appeared on TheStreet on Jul 20, 2025 This story was originally reported by TheStreet on Jul 20, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
23 minutes ago
- Forbes
Perplexity CEO Gives A Key Lesson On Leadership, Competition, And Fear
Aravind Srinivas highlights an overlooked leadership lesson. The modern business environment is undergoing significant volatility and disruptions, requiring CEOs and senior leaders to expand their capacity continually. While much focus in leadership has rightly shifted toward well-being and resilience, one crucial element, often overlooked, can still trip up even the best of executives: fear. Typically, fear is framed as something to conquer, avoid, or eliminate. However, fear doesn't have to be the enemy. It can instead serve as an effective tool sharpening leaders' instincts, accelerating their decisions, and fending off complacency. Aravind Srinivas, co-founder and CEO of Perplexity, captured this perspective during a talk at Y Combinator's AI Startup School: "There's real benefit from embracing that fear and sleeping with that fear and waking up every day and feeling excited about what you're going to build because that's the only thing that'll keep you going." This type of perspective is "healthy paranoia." Here are four specific advantages healthy paranoia offers leaders: 1. Healthy Paranoia Sharpens Your Thinking Whether it's a tiger in the wild or a sudden threat to your market share, fear has a universal effect: it sharpens your focus. In moments of real or perceived threats, whether physical, emotional, financial, or strategic, the brain cuts through distractions and focuses on what matters most. For leaders, healthy paranoia channels that same response. It forces sharper thinking and clearer questioning. Where are we vulnerable? What feels safe but isn't? Srinivas articulates this well: 'You should assume OpenAI, Anthropic, and Google will build it too. The only moat is speed.' In an era where ideas and initiatives are easily replicated, speed and continuous refinement have become essential competitive advantages. Rather than fearing imitation, healthy paranoia demands pinpointing the area in which leaders can truly excel and executing relentlessly toward mastery. This kind of thinking drives ruthless prioritization and strategic clarity. 2. Healthy Paranoia Fuels Urgency Without Chaos Healthy paranoia doesn't paralyze, it catapults. Unlike panic-driven urgency that generates chaos, healthy paranoia encourages consistent forward motion rooted in clarity and conviction. Srinivas characterizes running Perplexity as a marathon at "extremely high velocity," emphasizing the need to "move fast and keep shipping." In leadership (and life in general, most of the time), procrastination is natural until the stakes become clear and impossible to ignore. Healthy paranoia distills these stakes and causes decisive action. It shortens the gap between idea and implementation, providing sustained momentum that's deliberate rather than reactive. 3. Healthy Paranoia Prevents Complacency Former New Orleans Saints coach Sean Payton used the phrase "Don't eat the cheese," warning players against succumbing to praise and external validation. Similarly, healthy paranoia protects executives against complacency. Success, while desirable, can breed complacency and even a sense of entitlement, thus diluting urgency. Srinivas intentionally reads comments predicting Perplexity's downfall, acknowledging, "I love reading them. It reminds us that no one is entitled to survive." Leaders who thrive in hyper-competitive and volatile environments never assume safety; they continuously reinforce their competitive edge even in periods of success. 4. Healthy Paranoia Demands Physical And Mental Durability Healthy paranoia isn't purely psychological, as it places substantial demands on a leader's physical, emotional, and mental operating systems. Srinivas frequently engages directly in addressing operational challenges, an approach that requires high stamina and sharp cognitive functioning. In high-stakes and competitive business landscapes, resilience is not a luxury: it is a necessity. It's a non-negotiable. Leaders with audacious goals must maintain a robust physical and mental infrastructure to withstand pressure, remain focused, and continue building while under stress. Healthy paranoia can catapult a leader forward, but only if their internal system can keep pace. Without that foundation, paranoia doesn't sharpen leaders' performance. Instead, it erodes it. Why Healthy Paranoia Is A Leadership Advantage Perspective shapes leadership. Reality exists independently, but our responses to it depend entirely on how we interpret it. For some, fear triggers contraction and defensiveness. For others, it sparks expansion and proactive adaptation. Healthy paranoia, when embraced strategically, becomes an essential asset for leaders, providing more mental acuity, urgency, and vigilance against complacency, while demanding the durability necessary to excel consistently at the highest levels.
Bloomberg
23 minutes ago
- Bloomberg
Elon Musk's Empire Is Creaking Under the Strain of Elon Musk
Tesla, SpaceX and xAI are struggling to deal with the fallout from Musk's Trump feud and wild bets.
