Rapper known as Ye must pay six-figure sum to four plaintiffs who successfully argued he infringed copyright Kanye West has lost a lawsuit which alleged he infringed on other artists’ copyright by playing an uncleared sample of their work during a live event. In July 2021 the artist, now legally known as Ye, played his then-unreleased album Donda to 40,000 fans at a listening party held at Atlanta...
Rapper known as Ye must pay six-figure sum to four plaintiffs who successfully argued he infringed copyright Kanye West has lost a lawsuit which alleged he infringed on other artists’ copyright by playing an uncleared sample of their work during a live event. In July 2021 the artist, now legally known as Ye, played his then-unreleased album Donda to 40,000 fans at a listening party held at Atlanta’s Mercedes-Benz Stadium. The version of the song Hurricane featured a sample of MSD PT2, an instrumental composed by four musicians: Khalil Abdul-Rahman, Sam Barsh, Josh Mease and Dan Seeff. They had made the instrumental in 2018, and it made its way to Ye via another producer. Continue reading...
Torsten Asmus/iStock via Getty Images In almost every market, there is a popular, crowded trade that attracts headlines and becomes a tool for speculation. For a long time, eToro ( ETOR ), a digital brokerage with roots in Europe, has long been tied to Bitcoin and cryptocurrencies, so there was little surprise that eToro's share price has fallen by more than 40% over the past year, mirroring the m...
Torsten Asmus/iStock via Getty Images In almost every market, there is a popular, crowded trade that attracts headlines and becomes a tool for speculation. For a long time, eToro ( ETOR ), a digital brokerage with roots in Europe, has long been tied to Bitcoin and cryptocurrencies, so there was little surprise that eToro's share price has fallen by more than 40% over the past year, mirroring the meltdown in BTC and other cryptocurrencies. And yet, speculators in this market have moved on to other asset classes, such as semiconductor stocks and commodities. eToro hasn't skipped a beat: trading activity on its platform remains elevated, buoyed recently by commodities trades. Despite this, shares of eToro fell ~7% post-Q1 earnings release, creating a buying opportunity in a company that has been on a tentative rebound trajectory this year. Data by YCharts I last wrote a bullish article on eToro in February, when the stock was trading at $33 per share. Since then, eToro has attempted a rebound, rising ~10% sympathizing with the broader S&P 500. To me, the post-earnings dip is a fantastic buying window in this underappreciated, under-recognized name, especially as trading activity heats up and the company unlocks new catalysts to bring new funded accounts in the door. I reiterate my strong buy rating here. As a reminder for investors who are newer to eToro, here is what I view to be the core drivers of the bull case for eToro: Differentiating its trading platform through social investing and copy trading. There are now dozens of different brokerages that attract an active, young trading crowd, and we'll be honest: eToro's brand profile doesn't have the same cachet as Robinhood ( HOOD ). That said, eToro is differentiating itself through a focus on different features. The company emphasizes "copy trading," where investors can mimic the portfolio of other investors (there are over 5,000 investors enrolled whose portfolios people can emulate). Funded account growth and net ...
asbe/iStock via Getty Images By Kelvin Wong The price actions of the US Nasdaq CFD index (a proxy of the Nasdaq 100 E-mini futures) have surged as expected; it rallied by 3.2% from Friday, May 8, 2026 intraday low of 28,480 to hit a fresh all-time intraday high of 29,390 on Monday, May 11, 2026 in the US session. Its current medium-term uptrend phase has been in place since the March 30, 2026 low,...
asbe/iStock via Getty Images By Kelvin Wong The price actions of the US Nasdaq CFD index (a proxy of the Nasdaq 100 E-mini futures) have surged as expected; it rallied by 3.2% from Friday, May 8, 2026 intraday low of 28,480 to hit a fresh all-time intraday high of 29,390 on Monday, May 11, 2026 in the US session. Its current medium-term uptrend phase has been in place since the March 30, 2026 low, and a significant contribution of the gains has been from US semiconductor and AI hardware-related stocks, such as Sandisk ( SNDK ) (+151%), Intel ( INTC ) (+150%), and Advanced Micro Devices ( AMD ) (+105%) in the past three months. US semiconductors are showing signs of medium-term bullish exhaustion Fig. 1: Correlation of iShares PHLX SOX Semiconductor ETF (SOXX) with Nasdaq 100 as of May 12, 2026 (Source: TradingView) Fig. 2: iShares PHLX SOX Semiconductor ETF (SOXX) medium-term trend as of May 12, 2025 (Source: TradingView) The price movement of the Nasdaq 100 and the iShares Philadelphia (PHLX) Semiconductor Sector exchange-traded fund ( SOXX ) has moved in almost perfect direct lockstep (see Fig. 1). The 20-day rolling coefficient between the Nasdaq 100 and SOXX stands at 0.95, which indicates that future movements of US semiconductor stocks, using SOXX as a bellwether is likely to have a significant influence and impact on the Nasdaq 100. The prior 6-week consecutive rally of the SOXX has reached an overstretched volatility condition, as seen in the daily Bollinger Bands indicator. The daily price action of SOXX has a daily close above the upper Bollinger Band (two standard deviations away from the 20-day moving average) on Monday, May 11, 2026, coupled with a bearish divergence condition seen on the daily RSI momentum indicator at its overbought zone (see Fig. 2). These observations suggest the bullish impulsive up move of SOXX since the March 30, 2026 low has reached a potential bullish exhaustion condition, where the next movement may be a multi-day corrective d...
Expensify ( EXFY ) has commenced a modified "Dutch auction" tender to purchase for cash up to $25M of its outstanding shares of Class A common stock at a price per share not less than $0.98 and not greater than $1.20, less any applicable withholding taxes and without interest. The offer will expire at 12:00 midnight, New York City time, at the end of the day on June 10, 2026, unless extended or te...
Expensify ( EXFY ) has commenced a modified "Dutch auction" tender to purchase for cash up to $25M of its outstanding shares of Class A common stock at a price per share not less than $0.98 and not greater than $1.20, less any applicable withholding taxes and without interest. The offer will expire at 12:00 midnight, New York City time, at the end of the day on June 10, 2026, unless extended or terminated. If the offer is fully subscribed, Expensify ( EXFY ) will purchase between 25,510,204 and 20,833,333 shares, or between ~30% and 25%, respectively, of its outstanding Class A common stock as of May 4, 2026. EXFY shares rose +5.5% premarket on Wednesday. More on Expensify Expensify, Inc. 2026 Q1 - Results - Earnings Call Presentation Expensify, Inc. (EXFY) Q1 2026 Earnings Call Transcript Expensify, Inc. 2025 Q4 - Results - Earnings Call Presentation Expensify GAAP EPS of -$0.02 beats by $0.03, revenue of $34M misses by $0.23M Expensify outlines $6M–$9M free cash flow guidance for 2026 amid expanded AI investment and sales push
Anthropic on Tuesday unveiled expanded legal tools for Claude Cowork, enabling law firms to connect existing software and automate complex legal tasks at scale. The release integrates platforms including Thomson Reuters‘ Westlaw, CourtListener, Definely, Courtroom5, Box and OpenAI-backed Harvey. Lawyers can now access case law databases, manage contracts and run deep legal research within a single...
Anthropic on Tuesday unveiled expanded legal tools for Claude Cowork, enabling law firms to connect existing software and automate complex legal tasks at scale. The release integrates platforms including Thomson Reuters‘ Westlaw, CourtListener, Definely, Courtroom5, Box and OpenAI-backed Harvey. Lawyers can now access case law databases, manage contracts and run deep legal research within a single interface. From General Tool To Custom-Tailored Unlike the initial Cowork launch in February, whose
Tech was on track for a strong session on Wednesday, as investors piled back into chip stocks following a brief pause. Futures tracking the Nasdaq 100 added 0.9% as the likes of Micron, Nvidia, and Qualcomm all rallied.
Tech was on track for a strong session on Wednesday, as investors piled back into chip stocks following a brief pause. Futures tracking the Nasdaq 100 added 0.9% as the likes of Micron, Nvidia, and Qualcomm all rallied.
The rising star of Spanish cinema discusses being orphaned at six, new feature Romería and why she always works with children Family reunions in European arthouse cinema are almost always unhappy events, on a scale of strife that ranges from simmering resentment (Louis Malle’s Milou in May) to spectacular score-settling (Thomas Vinterberg’s Festen). There are still splatters of bad blood on the Su...
The rising star of Spanish cinema discusses being orphaned at six, new feature Romería and why she always works with children Family reunions in European arthouse cinema are almost always unhappy events, on a scale of strife that ranges from simmering resentment (Louis Malle’s Milou in May) to spectacular score-settling (Thomas Vinterberg’s Festen). There are still splatters of bad blood on the Sunday best in the films of Carla Simón, but the Spanish director has a rare gift: she makes you leave the cinema with renewed faith that having relatives and keeping in touch with them may actually be a wonderful thing. Indeed no film-maker working in Europe now is as capable of turning birthday gatherings, garden parties or poolside barbecues into thrillingly sprawling canvases of human virtue and vice as this 39-year-old rising star. From a riotous water fight in the Berlinale Golden Bear-winning farming drama Alcarràs to a foul-mouthed dinner table singalong in her new film Romería, Simón directs kinship meetings with the attention to detail that other film-makers may invest in action sequences or dance routines. Continue reading...
Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) spent about $78 billion on stock buybacks from 2018 through 2024. But then the billions stopped flowing and simply accumulated as cash on Berkshire's balance sheet. However, we recently learned that Berkshire completed its first buybacks in nearly two years, with recent regulatory filings showing that Berkshire spent about $234 million on buybacks durin...
Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) spent about $78 billion on stock buybacks from 2018 through 2024. But then the billions stopped flowing and simply accumulated as cash on Berkshire's balance sheet. However, we recently learned that Berkshire completed its first buybacks in nearly two years, with recent regulatory filings showing that Berkshire spent about $234 million on buybacks during the first quarter of 2026. Here's a rundown of what this means to investors like you and me. To be fair, $234 million isn't a massive buyback for Berkshire. It represents about 0.02% of Berkshire's current market cap of $1 trillion. However, there are two key points to consider. First, the buybacks in question occurred only in March -- that's just one month of the first quarter. We have no idea whether CEO Greg Abel will (or has already) buy back more stock in the second quarter, which is underway now. Continue reading
Russia test-fired a new intercontinental ballistic missile as part of efforts to modernize its nuclear forces. The nuclear-armed Sarmat missile would enter combat service at the end of the year. (Image credit: AP)
Russia test-fired a new intercontinental ballistic missile as part of efforts to modernize its nuclear forces. The nuclear-armed Sarmat missile would enter combat service at the end of the year. (Image credit: AP)