Karooooo Plans Goodwill Impairment Amid Mozambique Upheaval
Nasdaq-listed Karooooo Ltd., which provides vehicle-tracking and fleet-management services, will provide for an impairment of goodwill in its Mozambique operations due to the political upheaval gripping the southeast African nation.
Mozambique has endured months of tension following disputed Oct. 9 elections and the Decide Platform, a local group tracking the violence, says more than 350 people have died. While demonstrations against President Daniel Chapo, who was declared the winner of the vote, have dissipated over recent weeks, sporadic unrest continues.
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Business Insider
an hour ago
- Business Insider
‘Time to Take a Pause,' Says Investor About Nvidia Stock
Nvidia (NASDAQ:NVDA) stock has roared back to life over the past two months, following a decidedly uncharacteristic drop earlier in the year. Shares have now climbed roughly 50% since hitting a post-Liberation Day low, driven by easing trade tensions, strong AI demand, and another impressive earnings report last month. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter That rebound comes despite several headwinds earlier in the year. The U.S.-China trade spat and fears of a broader pullback in AI-related capital expenditures had weighed heavily on investor sentiment. In particular, a targeted export restriction from the Trump administration on Nvidia's H20 GPUs resulted in a $4.5 billion hit during the last quarter. Still, it is hard to argue with Nvidia's stellar performance during Q1 Fiscal 2026, during which the company delivered record revenues of $44 billion, a year-over-year surge of 69%. The all-important data center segment grew at an even faster clip of 73%. While acknowledging the healthy earnings and NVDA's recovering share price, investor Johnny Zhang is not convinced that all the geopolitical hiccups are in the rearview mirror. 'I believe the 2H 2025 could bring more uncertainty, as the lagging effects of Trump's tariff policy and any setbacks on potential deals with China could create new volatility in the market,' explains the investor. Those concerns are not just theoretical. Zhang points to the unresolved H20 issue, stemming from U.S. export restrictions, as a key example. Nvidia is now expected to take an $8 billion inventory write-off as a result, and its margins are likely to decline further on a sequential basis. More broadly, the company has acknowledged it could forfeit access to a $50 billion total addressable market in China if those restrictions remain in place. Moreover, while Zhang believes that Nvidia will be able to navigate any economic slowdowns, the investor thinks there is a high possibility that the impact of the Trump tariffs will be felt during the latter part of the year. Against that backdrop, Zhang emphasizes that the recent rally in Nvidia's stock may not be sustainable without renewed visibility. He notes that further upside will hinge largely on AI spending trends in 2026, an outlook he calls 'highly uncertain.' In short, while Nvidia's fundamentals remain strong, its near-term growth path is anything but guaranteed. 'Chasing the stock's rally from here seems less compelling to me,' concludes Zhang, who gives NVDA a Hold (i.e. Neutral) rating. (To watch Zhang's track record, click here) Wall Street has a decidedly rosier view of NVDA. With 35 Buy, 4 Hold, and 1 Sell recommendations, NVDA continues to enjoy a Strong Buy consensus rating. Its 12-month average price target of $172.36 implies an upside north of 20%. (See )
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Black America Web
an hour ago
- Black America Web
Dear Black Folks: The Protests Against ICE Are Absolutely Our Fight Too [Op-Ed]
Source: Nick Ut / Getty As Donald Trump sparks chaos by illegally deploying troops to Los Angeles, as immigration raids intensify, and as protesters are flooding the streets to demand dignity for migrants, far too many Black folks are sitting back on social media platforms singing a tired, familiar song. It's being sung off-key with a false sense of safety and a dangerous misunderstanding of how white supremacist violence works. The chorus of retreat sounds something like this: 'Black folks need to stay home.' 'Let them handle it. This is their fight.' 'Most Latinos voted for this mess.' 'ICE don't target us. We've got citizenship.' 'I ain't marching for nobody who won't march for me .' 'Latinos don't like us anyway.' But what's really being said underneath all that deflection is this: 'If they come for Latinos, I'll be quiet, as long as they leave me and mine alone.' But if you study history, I mean really study history, then you should already know that they never leave us alone. Not for long. I get it. Black folks are tired. We've carried the weight of every major freedom movement in this country. We've bled. We've died. And we've been betrayed. We've shown up, over and over, only to be met with anti-blackness in return. But this ain't about who likes us. It's about who's next! What ICE is doing to migrants isn't just an immigration issue. It's white supremacist violence at its core. It's separating families. It's state violence. It's stalking and snatching people from homes and workplaces and making them disappear. It's caging children. And for Black folks in America, this should all feel deeply familiar. The white supremacist machine of state violence doesn't make distinctions based on citizenship status. What ICE is doing to Latinx, West Indian, and African migrants is part of the same machinery that has policed and abused Black American bodies for centuries. We know what it means to have our families torn about by the state. We know what it means to be told that we don't belong in the land we built. We know exactly what it's like to be criminalized simply for existing, to be dehumanized by everyday language, media propaganda, policies, and bureaucrats in uniform. Black folks know what it means to live under surveillance, to be chased, cuffed, caged, and disappeared. We are the descendants of people who had to run. From plantations. From the Fugitive Slave Act and slave catchers. From the KKK and lynch mobs. Even if you were born right here in America, with ancestors going all the way back to slave ships, that border violence still echoes through Black lives. The ol' 'I got my papers, I'm safe' is a delusion. That little blue passport won't stop you from getting profiled, harassed, arrested, or shot by a cop who sees your Black skin before your citizenship status or hears your command of English. Just ask the countless Black immigrants already deported, or the U.S.-born Black folks ICE illegally detained anyway. Do you think that racist ICE agents caught up in immigration hysteria and round-up quotas will stop to check birth certificates? Just ask Peter Sean Brown, who was detained in the Florida Keys when an ICE agent mistakenly detained him as an undocumented immigrant from Jamaica. He spent weeks in custody and eventually sued. Or, ask Davino Watson, a native New Yorker who was imprisoned as a 'deportable alien' for more than three years despite claiming citizenship and then denied compensation by the court system. Source: Nick Ut / Getty ICE detentions are triggered by racial profiling, flawed algorithms, and sloppy data. Skin complexion, language, and citizenship won't shield us. Think about all the Black folks walking around without real IDs to prove they're citizens. Over a quarter of Black adult citizens do not have a driver's license with their current name and/or address and 18% don't have a license at all, according to the Center for Democracy and Civic Engagement. If ICE can mistakenly detain Black and Brown Americans born in the U.S., even if they have documentation, then no one is immune. Some Black folks are also citing the 2024 election exit polls to justify staying home and staying silent, like the ICE protests don't concern us. 'Latinos voted for Trump.' But exit polls don't tell the whole story. They only sample registered voters who actually voted, and they never account for the millions of undocumented immigrants who can't vote. They also oversample precincts that don't match the demographic reality, skewing results toward the dominant group in those districts. Most Latinos, like Black Americans, did not vote for Trump. According to national polls, 56% of Latinos who voted cast their ballot for Kamala Harris, while 42% went for Trump. Yes, Trump made gains among Latino men, but gains don't equate to dominance. The Latino vote split along familiar gender and generational lines, just like our communities. We can't turn a sampling of voter turnout into 'most Latinos voted for Trump,' and we can't let bad math be an excuse to justify apathy. And there's this one: 'I ain't marching for nobody that won't march for me.' Or its equally tired fraternal twin: 'Latinos don't like us anyway.' This is scarcity-minded, historically illiterate nonsense that treats solidarity as some sort of tit-for-tat transaction. If that's how our ancestors thought, then there wouldn't have been an Underground Railroad, no Civil Rights Act, A Voting Rights Act, or a Montgomery Bus Boycott. Solidarity is a strategy, not some popularity contest. If you're out here claiming Latinos don't march for us, then clearly you haven't picked up a history book. Y'all must not know about Cesar Chavez and Dolores Huerta who led the United Farm Workers who stood with Martin Luther King Jr. Y'all must not know about the Puerto Rican Young Lords working hand-in-hand with the Black Panther Party to run free clinics, breakfast programs, and tenant organizing drives in Chicago and New York City. Or, about the Mexican students who took their cue from SNCC and Malcolm X during the 1968 East LA walkouts and launched the Chicano civil rights crusade. In recent years, Afro-Latinos have been at the forefront of Black Lives Matter chapters, organizing vigils, raising bail funding, and pushing for police accountability across the country. In Chicago's Little Village, Latino organizers launched the 'Brown Squad for Black Lives' and established a Black and Brown Unity food pantry. Martin Luther King III has been working alongside Mi Familia Vota , a national Black-Brown coalition whose mission is to combat hate crimes, anti-immigrant policies, and attacks on voting rights— together —not as separate communities. Just because these sustained interracial commitments and coalitions aren't trendy headlines or going viral on social media doesn't mean solidarity isn't unfolding in schools, community centers, neighborhoods, and politics. It's one thing to let white folks battle each other, whether it's MAGA vs. neoliberal, liberals vs. conservatives, or Karens vs. Capitol Hill. White folks battling each other is the empire fighting over who gets to steer the ship while it is already sinking. You want to sit back and watch that unfold while sipping tea or eating popcorn? Fine. Letting white folks eat each other doesn't carry the same moral weight as turning your back on another marginalized community facing the same white supremacist violence as us. Let's also remember that anti-Blackness is global. It lives in every community, including our own. Black Americans can be just as anti-immigrant, just as colorist, just as xenophobic, just as colonized in our thinking. So, if you're sitting out because of what some Latinos, West Indians, or Africans said about us, then you're not protecting yourself. You're just waiting for your turn. So, what do we do? Source: Jason Armond / Getty We organize. We show up at ICE protests so the system doesn't get to isolate people in silence. We donate to immigrant bail funds and deportation defense teams like the Haitian Bridge Alliance, Black Alliance for Just Immigration, and UndocuBlack. Use your platforms to amplify the stories, organizing, resistance, and victories of undocumented folks. Build local coalitions to organize teach-ins, mutual aid drives and community safety networks that bridge Black and Brown neighborhoods. We also need to unlearn the anti-immigrant, anti-Black, and anti-Indigenous narratives this country feeds us because solidarity starts in the mind. Black folks cannot afford to pretend that citizenship or birthright assures our protection. A system built on racial profiling, quotas, and militarized tactics never stops at 'not us.' It doesn't send ICE to the border and leave us in peace. These immigration raids strengthen a culture of normalized, dehumanizing state violence against anyone who looks 'other.' Immigration will become the excuse to expand the surveillance state and militarized policing in Black communities. This is absolutely our fight! Dr. Stacey Patton is an award-winning journalist and author of 'Spare The Kids: Why Whupping Children Won't Save Black America' and the forthcoming 'Strung Up: The Lynching of Black Children In Jim Crow America.' Read her Substack here . SEE ALSO: Trump's Job Corps 'Pause' Is MAGA's Plan To Eliminate Poor Youth Harvard And White America's Creepy Obsession With Hoarding Black Remains SEE ALSO Dear Black Folks: The Protests Against ICE Are Absolutely Our Fight Too [Op-Ed] was originally published on Black America Web Featured Video CLOSE
Time Business News
2 hours ago
- Time Business News
Corrado Garibaldi: The Contrarian Trader Who Profits When Others Panic
In the high-stakes world of Trading Invest Celebrity Italy, where herd mentality often leads to costly mistakes, one investor has built his success on a simple but ruthless principle: When others zig, zag. Corrado Garibaldi—better known in finance circles as Lord Conrad—has carved a reputation as a maverick trader who thrives on going against the grain. His mantra? 'Buy the fear. Sell the euphoria.' The Unconventional Path to Trading Mastery Unlike Wall Street's typical Ivy League-educated financiers, Garibaldi is a self-made trader with no formal finance background. An Italian native, he entered the markets out of necessity, driven by a desire to take control of his financial future. 'I never studied economics or attended business school,' he admits. 'I learned by doing—making mistakes, refining strategies, and realizing that most people lose money because they follow the crowd.' The Contrarian Edge: Why 99.9999% of Traders Are Wrong Garibaldi's core philosophy is rooted in contrarian investing—a strategy that capitalizes on market overreactions. 'When everyone is buying, I'm selling. When panic sets in, I'm buying,' he says. 'The masses are almost always wrong at extremes. That's where the real opportunities lie.' This approach has allowed him to profit from major market swings, whether during the crypto crashes of 2022 or the AI stock frenzy of 2024. Two Sides of the Same Coin: Trader by Day, Investor by Night Garibaldi operates in two distinct modes: As a trader, he's a speed-focused tactician, scalping the Nasdaq and executing swing trades with military precision. As an investor, he's a patient wealth-builder, holding long-term positions in giants like Apple, Microsoft, and Tesla while diversifying into bonds and crypto. His portfolio strategy? 99% long-term holdings, 1% high-octane trading—a balance that maximizes growth while keeping risk in check. The Trader's Mindset: Why Psychology Beats IQ For Garibaldi, trading isn't just about charts—it's about mastering fear and greed. 'Most traders fail because they let emotions drive decisions,' he says. 'The key is to stay mechanical. Follow the plan, not the panic.' He enforces strict rules: ✔ Never risk more than 1% on a single trade ✔ Always use stop-losses ✔ Ignore hype—trade the data, not the narrative 2025 and Beyond: Adapt or Die In an era of AI-driven markets and geopolitical volatility, Garibaldi remains agile—constantly refining strategies and engaging with traders worldwide via social media. 'Markets change. If you're not learning, you're losing,' he warns. Final Word: The Slow Road to Trading Success For aspiring traders, Garibaldi's advice is refreshingly honest: 'This isn't a get-rich-quick game. Consistency beats luck. Small, smart gains compound over time—that's how real wealth is built.' Want to see his strategies in action? Visit Trading Invest Celebrity Italy. TIME BUSINESS NEWS
