TotalEnergies ( TTE ) is implementing its annual capital increase reserved for employees and former employees of the company, it said on Friday. Shareholders approved a resolution authorizing the board to carry out one or more capital increases without preferential subscription rights over a 26-month period, limited to 1.5% of share capital and reserved for members of a company savings plan. Maxim...
TotalEnergies ( TTE ) is implementing its annual capital increase reserved for employees and former employees of the company, it said on Friday. Shareholders approved a resolution authorizing the board to carry out one or more capital increases without preferential subscription rights over a 26-month period, limited to 1.5% of share capital and reserved for members of a company savings plan. Maximum number of shares to be offered and total amount of the offer: 18 million shares, i.e., 0.8% of the share capital as of the date of the Board’s decision. Description of the newly issued shares: same category as existing TotalEnergies shares with immediate dividend rights. More on TotalEnergies SE TotalEnergies SE (TTES:CA) Q1 2026 Earnings Call Transcript TotalEnergies SE (TTES:CA) Discusses Sustainability and Climate Progress Report With Focus on Emissions Reduction and Decarbonization Initiatives Transcript TotalEnergies: Nearing Or At A Cyclic Peak (Rating Downgrade) TotalEnergies dominates Middle East oil trade amid war — FT Historical earnings data for TotalEnergies SE
Italy ’s increasing debt burden risks mounting scrutiny from investors despite the efforts of Giorgia Meloni ’s government to bring it under control, according to Bloomberg Economics. European Commission forecasts on Thursday that projected borrowings rising more than expected to exceed those of Greece next year, driven by a pandemic-era real estate investment tax break, highlight the danger posed...
Italy ’s increasing debt burden risks mounting scrutiny from investors despite the efforts of Giorgia Meloni ’s government to bring it under control, according to Bloomberg Economics. European Commission forecasts on Thursday that projected borrowings rising more than expected to exceed those of Greece next year, driven by a pandemic-era real estate investment tax break, highlight the danger posed to the public finances, Simona Delle Chiaie , BE’s chief euro-area economist, wrote in a report . “The new commission forecasts published on May 21 suggest Italy’s fiscal outlook remains challenging,” she said. “Tighter financial conditions and the prospect of further central-bank rate hikes risk leaving Italy’s large debt burden increasingly exposed.” The report by Brussels officials emphasized the enduring impact of policies implemented long-before Meloni took office as premier in 2022. The commission reckons that a surprisingly large hit from the so-called Superbonus program, while pared back under her watch, was behind the country’s unexpected failure to bring Italy’s deficit down to the European Union’s 3%-of-output ceiling last year. Brussels now reckons that debt will edge up to 139% of gross domestic product in 2027. Italy Negotiating With EU on Budget Flexibility, Giorgetti Says Italy’s Meloni Backs Housing Access Plan as Election Nears Bank of Italy Urges Meloni Government to Keep Eye on Spending “Public finances have improved markedly in the near term, helped by Meloni’s government scaling back the costly Superbonus scheme,” Delle Chiaie wrote in the report on Friday. “Once the effects of the Superbonus scheme fade, Italy’s positive primary balance should begin exerting downward pressure on the debt ratio. However, the outlook remains complicated by rising borrowing costs and weak growth dynamics.”
narvo vexar/iStock via Getty Images On the surface, I look at 2026 like a year in which the IPO window is finally showing some signs of reopening after the late 2021 / early 2022 bust. StockAnalysis shows more than 140 IPOs on the U.S. market so far this year, up 11.54% from the same point in 2025. At the same time, Renaissance, which uses a narrower institutional screen, shows only 65 IPOs priced...
narvo vexar/iStock via Getty Images On the surface, I look at 2026 like a year in which the IPO window is finally showing some signs of reopening after the late 2021 / early 2022 bust. StockAnalysis shows more than 140 IPOs on the U.S. market so far this year, up 11.54% from the same point in 2025. At the same time, Renaissance, which uses a narrower institutional screen, shows only 65 IPOs priced YTD, down 17.7% versus last year. Both counts can be true, which is a problem. In my view, SPACs can make the IPO market look busier than it really is. So, I do not think investors should look at the IPO market in 2026 and quickly conclude that animal spirits are back, like in the 2021 boom, when the cost of money was basically zero. That said, this year, something is changing in the IPO market. The IPOs that are working this year are not random companies. As I'm about to discuss in this piece, they are clustered around one theme: AI. So far, this year's IPO market has shown a lot of AI Hyperscaler CapEx beneficiaries. However, the upcoming IPOs, which may include OpenAI, Anthropic, SpaceX, among many other candidates, are not exactly beneficiaries of that CapEx. This is one of the reasons why I'm hesitant to call for an IPO boom this year, similar to 2021. That said, the next IPOs (particularly, SpaceX) will determine whether AI can carry the IPO market by itself. In my view, strong pricing from SpaceX would likely validate demand for mega-cap private leaders and could make investors more comfortable with OpenAI, Anthropic, Databricks, and other AI-linked listings. Overall, I feel bullish on the IPO market this year, and therefore on the Renaissance IPO ETF ( IPO ), but I don't expect a 2021-style frenzy any time soon. Below, I explain why The IPO Market In 2026 Before I present the numbers, I have to make a quick tangent because the headline count depends heavily on the IPO definition. For example, StockAnalysis shows over 140 IPOs on the U.S. stock market in 2026 as of ...
arsenisspyros/iStock via Getty Images By Carsten Brzeski A strong start to the year has been confirmed. The German statistical office just confirmed that the economy grew by 0.3% quarter-on-quarter in the first three months of the year, defying the adverse impact of the war in the Middle East, at least for now. According to the statistical office, growth was driven by public consumption and export...
arsenisspyros/iStock via Getty Images By Carsten Brzeski A strong start to the year has been confirmed. The German statistical office just confirmed that the economy grew by 0.3% quarter-on-quarter in the first three months of the year, defying the adverse impact of the war in the Middle East, at least for now. According to the statistical office, growth was driven by public consumption and exports. At the same time, private investments and activity in the construction sector disappointed. Private consumption remained unchanged on the quarter. Inventory reductions weighed significantly on economic activity, shaving off 0.9 percentage points of quarterly GDP growth. Net exports – very often the counterbalance to inventory changes – added 1.3 percentage points to quarterly GDP growth. These big swings normally call for some caution. Looking ahead, the growth composition combined with the obvious fallout from the war in the Middle East, new uncertainty and higher energy prices does not bode well for the near-term outlook. It’s hard to see how net exports will be able to repeat the strong first-quarter performance. At the same time, anticipating potential supply chain frictions, companies are likely to hold on to higher inventory levels. With high energy prices, private consumption is also highly unlikely to recover, and higher interest rates will hamper activity in the construction sector. This leaves the public sector as the only possible source of growth in the second quarter. Not a very promising outlook. Content Disclaimer This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more Original Post
(RTTNews) - German stocks climbed higher on Friday amid renewed hopes of a U.S.-Iran peace deal thanks to signs of progress in negotiations. Still, both sides are at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz. Data showing an improvement in German consumer sentiment and a slightly faster pace of economic growth aided sentiment. The benchmark DAX, which surged t...
(RTTNews) - German stocks climbed higher on Friday amid renewed hopes of a U.S.-Iran peace deal thanks to signs of progress in negotiations. Still, both sides are at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz. Data showing an improvement in German consumer sentiment and a slightly faster pace of economic growth aided sentiment. The benchmark DAX, which surged to 24,866.44 earlier, pared some gains subsequently, and was up 74.05 points or 0.3% at 24,730.81 about half an hour before noon. Infineon Technologies climbed nearly 4%. Deutsche Post gained 3.5% and Symrise moved up 2.7%. Zalando advanced 2.1%. Adidas gained 1.6% after Deckers Outdoor forecast annual sales and profit above Wall Street estimates. Merck, Continental, Rheinmetall, Deutsche Telekom, Siemens and Porsche Automobil Holding gained 1%-1.5%. RWE, MTU Aero Engines and Henkel also moved higher. Vonovia drifted down 4.8%. Fresenius Medical Care dropped 4.7%, and Scout24 eased by about 3.4%. Fresenius and Brenntag lost 2.1% and 1.4%, respectively. Munich RE, Deutsche Bank, Daimler Truck Holding and BASF also drifted lower. German consumer sentiment is set to improve in June driven by rising income expectations and willingness to buy but the war in the Middle East continues to cloud the outlook, latest results of the NIM Consumer Climate powered by GfK showed. The consumer confidence index rose unexpectedly to -29.8 points in June from -33.1 points in May. The score was expected to fall to -33.7. Despite an improvement in the economic expectations index, the majority of consumers still expect the economic situation to deteriorate over the coming twelve months. The economic expectations index climbed to -11.2 in May from -13.7 in the prior month. Consumers expect prices to rise over the coming twelve months but the indicator dropped 5.4 points to -0.4 in May. The decline reflects the reduction in the energy tax on diesel and gasoline. Data from Destatis showed the German ...
Industry Leaders Build Long-Term AI Semiconductor Ecosystem The five-year initiative combines financial backing and in-kind support to create collaboration across chip design, manufacturing, software, packaging, advanced materials, and cloud infrastructure. UCLA Chancellor Julio Frenk said the partnership positions UCLA to help scale semiconductor innovation while strengthening U.S. economic compe...
Industry Leaders Build Long-Term AI Semiconductor Ecosystem The five-year initiative combines financial backing and in-kind support to create collaboration across chip design, manufacturing, software, packaging, advanced materials, and cloud infrastructure. UCLA Chancellor Julio Frenk said the partnership positions UCLA to help scale semiconductor innovation while strengthening U.S. economic competitiveness and national security. Broadcom, Applied Materials Push Co-Innovation Strategy Broadcom Semiconductor Solutions Group President Charlie Kawwas said the initiative creates a broad semiconductor ecosystem spanning foundries, packaging, equipment, and cloud infrastructure while helping train future engineering talent. Applied Materials CEO Gary Dickerson said tighter collaboration between academia and industry has become increasingly important as semiconductor complexity and AI development accelerate. He added that the partnership could help accelerate the commercialization of breakthrough technologies. Meta, GlobalFoundries And Synopsys Focus On AI Infrastructure Challenges Meta engineering executive Yee Jiun Song said the partnership will target critical AI computing challenges, including energy-efficient chip design and advanced packaging. GlobalFoundries CEO Tim Breen said the collaboration will help address industry-wide technology challenges while strengthening U.S. semiconductor innovation and workforce development. Synopsys CEO Sassine Ghazi said future AI systems will require deeper coordination between software, hardware, electronics, and physics to scale compute-efficient intelligence. Hub Targets Next-Generation AI Systems And Workforce Growth The Semiconductor Hub will focus on AI-native hardware and software, thermal management, advanced packaging, ultra-broadband communications, and next-generation computing systems for applications including robotics, autonomous vehicles, environmental monitoring, and space technologies. The initiative will also fund...