The five-piece combine traditional musical styles with mountains of synths and hurried drums – rejecting computerised production in a pointed anti-AI statement From João Pessoa, Brazil Recommended if you like Hermeto Pascoal, Mr Bungle, King Crimson Up next Celestial album released 7 August, touring the UK and Europe from 15 August Thanks in part to its famed music department at the local Federal ...
The five-piece combine traditional musical styles with mountains of synths and hurried drums – rejecting computerised production in a pointed anti-AI statement From João Pessoa, Brazil Recommended if you like Hermeto Pascoal, Mr Bungle, King Crimson Up next Celestial album released 7 August, touring the UK and Europe from 15 August Thanks in part to its famed music department at the local Federal University of Paraíba, João Pessoa – the easternmost city in South America – is a hotbed of artists playing different folk styles from all over the continent. Papangu sound like all of them at the same time. The five-piece blend a long list of genres: bossa nova, the circle-dance song ciranda and forró , with its dry-tuned accordion and pulsing rhythm section, plus the more ubiquitous progressive rock and extreme metal. The band’s virtuoso chops and intensity keep their songs from buckling under the weight of those ideas, from Vitor Silva’s hurried drums to the mountains of synthesisers and pianos. Continue reading...
British flower farmers have long resembled David faced with their own particular Goliath – the imported flower industry. More than 80% of cut flowers bought by UK consumers are shipped or flown in. However, recent figures show domestic growers are expanding their market share. Chloë Dunnett, the founder of Sitopia Farm, a London-based organic farm growing food and flowers, says: “Our flower sales ...
British flower farmers have long resembled David faced with their own particular Goliath – the imported flower industry. More than 80% of cut flowers bought by UK consumers are shipped or flown in. However, recent figures show domestic growers are expanding their market share. Chloë Dunnett, the founder of Sitopia Farm, a London-based organic farm growing food and flowers, says: “Our flower sales are up 65% for the year and turnover is increasing year on year as the public and florists look for flowers that are seasonal, environmentally friendly and hyperlocal – consumer power can be very effective.” Output is rising across the whole sector. The latest survey by Flowers from the Farm, the trade body for more than 1,000 mostly small-scale British growers, shows that production increased 55% in 2025, to an average of 32,500 stems per member, and revenues were up 12%. View image in fullscreen A crop of flowers at Sitopia Farm. Photograph: Sitopia Farm View image in fullscreen Sitopia Farm flowers. Photograph: Sitopia Farm The government has now awarded the sector official recognition, in the form of dedicated standard industrial classification (SIC) codes for Flowers from the Farm. “Securing a SIC code means their contribution can finally be measured, supported and championed,” says the Liberal Democrat MP Sarah Dyke, who backed the industry’s push for this status. “These are businesses that not only create jobs and drive local growth but also enhance biodiversity and support more sustainable land use.” In contrast to a burgeoning domestic sector, the value of imported flowers dropped 8.2% over five years to 2024, according to the Department for Environment Food and Rural Affairs. One factor cited by growers and florists is an emerging awareness that flower imports come with downsides. Cissy Bullock, the founder of the Cambridgeshire floral design studio Wild Stems, says: “Most imported flowers are factory-farmed and bred to be standardised so they can be priced, grade...
In the heart of the dry tropical forest, Maria Elena Aguilar Uriana walks past towering cacti, her ancestors’ graves, and patterned clothes blowing in the wind. Her brow is furrowed, her hands fixed on her hips. She points to a former watering hole, now nothing but dust. “Our children are malnourished and dying,” she says. “It’s all because of the mining. It has destroyed our landscape, our homes,...
In the heart of the dry tropical forest, Maria Elena Aguilar Uriana walks past towering cacti, her ancestors’ graves, and patterned clothes blowing in the wind. Her brow is furrowed, her hands fixed on her hips. She points to a former watering hole, now nothing but dust. “Our children are malnourished and dying,” she says. “It’s all because of the mining. It has destroyed our landscape, our homes, our lives.” Now Uriana fears history is repeating itself. In Colombia’s far north-eastern corner, ambitious energy projects are colliding with decades of extractive conflict. The Wayúu, the country’s largest Indigenous group, say their territory in the arid La Guajira has long been shaped by outside interests – first by coal mining and now through renewable energy development. Leaders say the energy transition is repeating an old pattern: advancing national and corporate priorities while sidelining consent and control over land and water. “We were rich in animals and land, but the government’s energy projects and mining have put us on the verge of extinction,” says José Silva Duarte, president of Nación Wayúu, a human rights movement representing the group. “Development in the interests of the country has brought nothing but misery for the ethnic peoples of La Guajira, Cesar and Magdalena.” Towering over Wayúu territory is Cerrejón, one of the world’s largest open-pit coalmines. Operating for decades, the mine has transformed vast stretches of land. Campaigners have long raised concerns about its environmental and social impacts, including water pollution and the displacement of communities. View image in fullscreen Yukpa children playing football. The community has faced increased malnutrition and respiratory issues in recent years, which they blame on mining View image in fullscreen The railway used to haul coal across Wayúu lands to the Caribbean coast Coal dust from the mine, Duarte says, settles over the land and on to the Wayúu’s herds. “When our people slaughter an...
Imagine the life of a federal judge in the Southern District of Florida back in 2005. On Monday, you hold a hearing on contested legislation. On Tuesday, you rule in a national security case. But on Wednesday—bah, there's just something about Wednesday—you have to spend a sunny day indoors, reading technical affidavits on satellite TV bootloaders, electronic countermeasures, and smartcard voltage ...
Imagine the life of a federal judge in the Southern District of Florida back in 2005. On Monday, you hold a hearing on contested legislation. On Tuesday, you rule in a national security case. But on Wednesday—bah, there's just something about Wednesday—you have to spend a sunny day indoors, reading technical affidavits on satellite TV bootloaders, electronic countermeasures, and smartcard voltage dips that take place 522 clock ticks after startup. Tedious, really. Not the kind of thing one seeks a federal judgeship for. A satellite TV piracy case. Against some random dude in Miami. You flip through the papers on your desk with a sigh but stop when you see the case caption. DirecTV is not suing some random dude in Miami. It's suing someone famous, perhaps one of the most famous people in the world now, thanks in large part to that murder charge—though of course he had beaten the rap. Still, a celebrity of his stature surely has the money to pay for satellite TV? Read full article Comments
When Lewis Hamilton races his Ferrari at the Canadian Grand Prix this weekend, Luc Poirier will have more than a passing interest. The real estate mogul has one of the largest Ferrari collections in North America — 38 in all — including a prized Daytona SP3, a model that fetched a record $26 million in a sale last year. He keeps the cars stored in a secret warehouse a few kilometers from the Circu...
When Lewis Hamilton races his Ferrari at the Canadian Grand Prix this weekend, Luc Poirier will have more than a passing interest. The real estate mogul has one of the largest Ferrari collections in North America — 38 in all — including a prized Daytona SP3, a model that fetched a record $26 million in a sale last year. He keeps the cars stored in a secret warehouse a few kilometers from the Circuit Gilles-Villeneuve in Montreal, where the Formula One event is held. “It’s the one week of the year when my wife and I are going out, we’re all over the place,” said Poirier, who expects to be part of one of the exclusive events hosted by Ferrari NV , the brand he cherishes. “The car is a masterpiece.” Poirier, who says he’s amassed a roughly C$800 million ($581 million) fortune from real estate and cars, started from humble roots. He got his first taste of the business world swapping hockey cards at age 14. His gambit was trading cards of Quebec-born players like Patrick Roy, adored by teenagers in his Montreal suburb of Longueuil, for English-speaking players like Wayne Gretzky, who commanded a premium as the best player back then. “I quickly understood market differentiation, and that there is money to be made from this,” he explained in an interview from his office overlooking his Ferraris, aligned in a rainbow of bright reds, yellows and blues. His cards business, which earned him over C$60,000, allowed him to set aside enough money at age 16 to buy his first car — a used Porsche 924 Turbo — for about C$7,000, even before he got his driver’s license. The car stood out so much in his social housing community that two police officers knocked on his door the same day, assuming it was stolen. From cards, Poirier branched out to other ventures and eventually opened a small computer shop selling floppy disks before he turned 20. He later bought the building from his bankrupt landlord for C$155,000, launching what would become a lucrative career in real estate. His eponymou...
The long call butterfly spread is a defined-risk, limited-profit options strategy designed for traders who expect minimal price movement in the underlying asset. Unlike the short call butterfly, which benefits from high volatility, the long butterfly thrives when the stock price remains near a specific level at expiration. The long call butterfly involves three components, structured around a cent...
The long call butterfly spread is a defined-risk, limited-profit options strategy designed for traders who expect minimal price movement in the underlying asset. Unlike the short call butterfly, which benefits from high volatility, the long butterfly thrives when the stock price remains near a specific level at expiration. The long call butterfly involves three components, structured around a central strike price: Buy 1 lower-strike ITM call Sell 2 ATM calls (at the target strike) Buy 1 higher-strike OTM call This structure creates a net debit position, meaning the trader pays a small upfront cost to establish the trade. The ideal outcome is for the stock to expire exactly at the short strike price, allowing the trader to capture maximum profit. The maximum profit is calculated as the difference between the short and long calls less the premium that you paid for the spread. Let’s look at some examples on Apple (AAPL) on the assumption we think the stock price will remain at this level for the next few weeks. If we head over to the AAPL page, and then under Options Strategies choose Butterfly Spreads. We are presented with 5 tabs representing the different types of Butterfly Spreads. Let’s stay on the Long Call Fly tab and change the expiration date to June 18th and set Show Only to Leg2 with a Strike price of 305. Once we hit apply, we are presented with the following potential trades: When sorting by Profit Probability, you might notice that we have very wide Butterflies at the top. These wide butterflies have wide breakeven prices but cost a lot to enter. The Butterfly trades at the bottom are very narrow, which makes them much cheaper but with a lower Profit Probability. Butterfly Profit/Loss Graph, Greeks etc. If we click on the chart icon next to the expiration date, we get a pop up window where we can preview the trade and obtain all the relevant information. The pop up window first shows the Profit and Loss graph with the breakeven prices and profit zone. Nex...
Customers shop at a Walmart store on May 13, 2026 in Chicago, Illinois. Scott Olson | Getty Images President Donald Trump suggested last month he would look out for companies that didn't seek tariff refunds after the Supreme Court struck down his wide-ranging global duties. At first, some major firms like Amazon appeared to be holding off on asking for money back over concerns they'd offend the of...
Customers shop at a Walmart store on May 13, 2026 in Chicago, Illinois. Scott Olson | Getty Images President Donald Trump suggested last month he would look out for companies that didn't seek tariff refunds after the Supreme Court struck down his wide-ranging global duties. At first, some major firms like Amazon appeared to be holding off on asking for money back over concerns they'd offend the often transactional president and end up in his crosshairs, CNBC reported earlier this year. But now some of the largest U.S. companies from Walmart to Apple have confirmed they're seeking what they're owed — regardless of the consequences. Home Depot , General Motors , John Deere , FedEx and Costco are among the other major U.S. corporations that have said they are trying to get refunds. The moves may not represent a sea change in how companies handle their relationships with Trump. Even so, they show key examples of when they're willing to publicly break with the president, after he told CNBC he would "remember" if companies decided not to seek refunds. There's a strong business incentive to apply — as well as, for many, a fiduciary responsibility. Major companies have a chance to regain potentially billions of dollars and maximize returns for shareholders. More than $35 billion in refund money has already been processed and is on its way to businesses' bank accounts, U.S. Customs and Border Protection said in a court filing earlier this month. The government owes roughly $166 billion in refunds overall. 'I'll remember them' watch now VIDEO 5:02 05:02 President Trump: 'I will remember' companies that don't seek tariff refund Squawk Box When Trump appeared on "Squawk Box" last month, CNBC's Andrew Ross Sorkin said that at the time, Apple was among the companies that had held off on applying for a refund over apparent concerns it would upset the president. In response, Trump said it was "Brilliant if they don't do that." "Actually, if they don't do that, they've got to know m...
In this article AVB EQR Follow your favorite stocks CREATE FREE ACCOUNT The AvalonBay Communities Inc. Park Loggia condominium, center, is reflected in a building in New York, U.S. Mark Abramson | Bloomberg | Getty Images The biggest ever merger of real estate investment trusts — the combination of Equity Residential and AvalonBay, announced Thursday — has investors and analysts alike left with dr...
In this article AVB EQR Follow your favorite stocks CREATE FREE ACCOUNT The AvalonBay Communities Inc. Park Loggia condominium, center, is reflected in a building in New York, U.S. Mark Abramson | Bloomberg | Getty Images The biggest ever merger of real estate investment trusts — the combination of Equity Residential and AvalonBay, announced Thursday — has investors and analysts alike left with dropped jaws. The all-stock merger will have a market capitalization of about $52 billion and a total enterprise value of approximately $69 billion, according to a release. It will create one of the largest real estate companies in the U.S., with more than 180,000 rental apartments. "This combination creates a new and fundamentally stronger company with differentiated capabilities that will drive structurally superior cash flow generation, earnings and dividend growth, and value for shareholders," said Benjamin Schall, CEO of AvalonBay. Schall will become CEO of the newly formed company, and Equity Residential CEO Mark Parrell will retire when the transaction closes. Allan Swaringen, president and CEO of JLL Income Property Trust, which manages about $90 billion of real estate investments globally for institutional clients and high-net-worth individuals, called the tie-up "unbelievable." "That they would merge is really incredible," he said. Swaringen noted that the stocks of both companies are trading at below their net asset values, a situation that makes them both ripe to be bought and privatized. Get Property Play directly to your inbox CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today . "I think this might be a defense against privatization. By putting themselves together, they're almost too big to get bought," Swaringen said. He also noted the high cost of building technology, which residential tenants now demand – from online leasing to credit chec...
Hyperliquid (HYPE +4.47%), a decentralized crypto exchange that operates 24/7, clears its own trades, and doesn't require a brokerage account, certainly sounds like the kind of thing the Securities and Exchange Commission (SEC) would try to shut down for running a shadow stock exchange. Instead, the agency is reportedly preparing to give platforms like it a formal path to operate. The SEC's forthc...
Hyperliquid (HYPE +4.47%), a decentralized crypto exchange that operates 24/7, clears its own trades, and doesn't require a brokerage account, certainly sounds like the kind of thing the Securities and Exchange Commission (SEC) would try to shut down for running a shadow stock exchange. Instead, the agency is reportedly preparing to give platforms like it a formal path to operate. The SEC's forthcoming "innovation exemption" for tokenized stock trading -- the blockchain-based trading of crypto tokens representing stock shares -- could be one of the most important regulatory changes in crypto's history. For holders of Hyperliquid, this could be a catalyst unlike any other. The platform already hosts tokenized U.S. stocks, and it's the market leader in a type of financial derivative called perpetual futures contracts (or perps for short). Here's why the SEC's approach could widen Hyperliquid's lead, and how it might backfire. This exchange is ahead of the curve right now Today, Hyperliquid is home to more than 70% of all decentralized perpetual futures open interest. The network is significantly responsible for the popularization of decentralized perpetual futures as a type of financial derivative. For a brief moment, it was also one of the very few places where retail investors could trade perpetual futures contracts with leverage in a decentralized fashion. Trading fees paid to its platform are on track to generate annualized revenue near $619 million. About 97% of all protocol fees pay for HYPE buybacks and burns of HYPE, taking coins out of public circulation and constantly shrinking the supply as platform usage rises. So there's a clear link between Hyperliquid's success as an exchange and the returns that holders get via the steady supply decline. Expand CRYPTO : HYPE Hyperliquid Today's Change ( 4.47 %) $ 2.56 Current Price $ 59.80 Key Data Points Market Cap $14B Day's Range $ 56.77 - $ 62.14 52wk Range $ 20.52 - $ 62.14 Volume 1.5B Another pillar of Hyperliqui...
BeOne Medicines AG (NASDAQ:ONC) is one of the 10 Best European Growth Stocks to Buy. On May 15, 2026, Leerink raised the firm’s price target on BeOne Medicines AG (NASDAQ:ONC) to $367 from $364 while maintaining an Outperform rating on the shares. The firm noted that the FDA granted accelerated approval to sonrotoclax for the treatment of relapsed or refractory mantle cell lymphoma. Leerink added ...
BeOne Medicines AG (NASDAQ:ONC) is one of the 10 Best European Growth Stocks to Buy. On May 15, 2026, Leerink raised the firm’s price target on BeOne Medicines AG (NASDAQ:ONC) to $367 from $364 while maintaining an Outperform rating on the shares. The firm noted that the FDA granted accelerated approval to sonrotoclax for the treatment of relapsed or refractory mantle cell lymphoma. Leerink added that the approval marks the first regulatory approval for sonrotoclax, with additional studies ongoing across multiple hematologic cancer indications, including combinations with zanubrutinib and anti-CD20 antibodies. On May 13, 2026, BeOne Medicines announced that the U.S. FDA granted accelerated approval to Beqalzi, its next-generation BCL2 inhibitor, for adult patients with relapsed or refractory mantle cell lymphoma following at least two prior lines of systemic therapy, including a Bruton’s tyrosine kinase inhibitor. The company said Beqalzi was designed to improve BCL2 inhibition through greater potency, selectivity, and a pharmacologic profile that could potentially improve efficacy, tolerability, and convenience compared to existing therapies in the class. Continued approval for the indication remains contingent on confirmation of clinical benefit in the ongoing CELESTIAL-RRMCL confirmatory trial. The FDA also granted Breakthrough Therapy, Fast Track, and Orphan Drug designations for sonrotoclax in this indication. NeurAxis, Inc. (NRXS) Climbs on Reimbursement and Guideline Momentum create jobs 51/Shutterstock.com Earlier in May, BeOne Medicines AG (NASDAQ:ONC) reported Q1 adjusted EPS of $3.24, compared to $1.22 in the prior-year quarter. Revenue totaled $1.51B, ahead of the consensus estimate of $1.44B. Co-Founder, Chairman, and CEO John Oyler said the quarter reflected continued growth driven by commercial execution and expanding leadership in hematology, alongside the company’s growing solid tumor pipeline. Oyler also highlighted the continued momentum of BRUKIN...
FREDERICA ABAN/iStock via Getty Images General Fund Information Ticker: SGVIX Portfolio managers: Christopher Kauffman, CFA®; and Michal Stanczyk Subadvisor: Allspring Global Investments, LLC Category: Intermediate government Fund Strategy Seeks to outperform the Bloomberg U.S. Aggregate Ex-Credit Index by investing in high-quality fixed-income instruments while maintaining a target duration of +/...
FREDERICA ABAN/iStock via Getty Images General Fund Information Ticker: SGVIX Portfolio managers: Christopher Kauffman, CFA®; and Michal Stanczyk Subadvisor: Allspring Global Investments, LLC Category: Intermediate government Fund Strategy Seeks to outperform the Bloomberg U.S. Aggregate Ex-Credit Index by investing in high-quality fixed-income instruments while maintaining a target duration of +/- one year of the benchmark Typically holds most of its exposure in mortgage-backed securities, including collateralized mortgage obligations (CMOs), and asset-backed securities issued or guaranteed by U.S. government agencies or government-sponsored enterprises Seeks to invest predominantly in securities rated AAA by Standard & Poor's or an equivalent quality rating from another Nationally Recognized Statistical Rating Organization Average Annual Total Returns (%) As Of 3/31/2026* 3 MONTH YEAR TO DATE 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE FUND INCEPTION (10/29/86)^ Government Securities Fund-Inst 0.08 0.08 4.06 3.11 -0.20 1.18 5.18 Bloomberg U.S. Aggregate ex Credit Index 0.12 0.12 4.16 3.24 0.12 1.25 — Lipper General U.S. Government Fds Average -0.19 -0.19 3.42 2.27 -0.49 0.70 — Click to enlarge *Returns for periods less than one year are not annualized. Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes a shareholder may pay on an investment in a fund. Investment return, principal value, and yields of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available at the fund's website, allspringglobal.com . Institutional Class shares are sold without a front-end sales charge or contingent deferred sales charge. The fund's gross expense ratio is 0.61%. The fund's net expense rati...
He said: "We have a real opportunity to champion the issues that matter most to people - the cost of living, protecting our natural environment and supporting our local high streets and businesses."
He said: "We have a real opportunity to champion the issues that matter most to people - the cost of living, protecting our natural environment and supporting our local high streets and businesses."
格隆汇5月22日｜Sky Links Capital Group首席执行官Daniel Takieddine在一份报告中表示，受强韧的美国经济数据以及美伊谈判的不确定性支撑，美元走势平稳，但仍接近数周高点。“外交努力仍受到在德黑兰铀库存和霍尔木兹海峡未来问题上分歧的制约，这使得对美元的避险需求保持完好。“他表示，近期的美国数据强化了美联储将在更长时间内维持较高利率的预期。他说，虽然市场定价反映出今...
格隆汇5月22日｜Sky Links Capital Group首席执行官Daniel Takieddine在一份报告中表示，受强韧的美国经济数据以及美伊谈判的不确定性支撑，美元走势平稳，但仍接近数周高点。“外交努力仍受到在德黑兰铀库存和霍尔木兹海峡未来问题上分歧的制约，这使得对美元的避险需求保持完好。“他表示，近期的美国数据强化了美联储将在更长时间内维持较高利率的预期。他说，虽然市场定价反映出今年利率将保持不变的预期，但如果通胀压力持续存在，此后仍有可能加息。美元平盘报99.294，周四曾触及99.515的六周高点。
Meiji Yasuda Asset Management Co Ltd. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,612 shares of the semiconductor company's stock after selling 2,120 shares during the ...
Meiji Yasuda Asset Management Co Ltd. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,612 shares of the semiconductor company's stock after selling 2,120 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $7,175,000 as of its most recent SEC filing. Several other hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC grew its stake in Taiwan Semiconductor Manufacturing by 82.0% in the 4th quarter. Stephens Consulting LLC now owns 91 shares of the semiconductor company's stock worth $28,000 after buying an additional 41 shares in the last quarter. Ares Financial Consulting LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $29,000. Resources Management Corp CT ADV purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $32,000. Maseco LLP purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $35,000. Finally, Cedar Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 91.4% in the 3rd quarter. Cedar Wealth Management LLC now owns 134 shares of the semiconductor company's stock worth $37,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock. Get TSM alerts: Sign Up More Taiwan Semiconductor Manufacturing News Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week: Insider Buying and Selling In other Taiwan Semiconductor Manufacturing news, VP Bor-Zen Tien acquired 2,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was purchased...
is a senior correspondent and author of Notepad , who has been covering all things Microsoft, PC, and tech for over 20 years. Posts from this author will be added to your daily email digest and your homepage feed. Yusuf Mehdi, executive vice president and consumer chief marketing officer at Microsoft, is leaving the company after 35 years. Mehdi announced his departure in an internal memo on Thurs...
is a senior correspondent and author of Notepad , who has been covering all things Microsoft, PC, and tech for over 20 years. Posts from this author will be added to your daily email digest and your homepage feed. Yusuf Mehdi, executive vice president and consumer chief marketing officer at Microsoft, is leaving the company after 35 years. Mehdi announced his departure in an internal memo on Thursday, noting that he will leave Microsoft next year. He will remain focused on marketing for Windows, Copilot for consumers, and the Microsoft 365 consumer business until 2027. “As I thought about this decision, one thing was crystal clear: I want to ensure I have the time and space to set the team - and our mission - up for continued success,” says Mehdi in his memo. “We are in the middle of an incredibly important moment for Microsoft and for our customers.” GeekWire reports that Mehdi is working with Microsoft CEO Satya Nadella and chief marketing officer Takeshi Numoto on a transition plan, but the company has not yet named his successor. Mehdi is the latest in a wave of veteran executives who have announced their departure from Microsoft in recent months. Rajesh Jha, former executive vice president of Microsoft’s experiences and devices group, announced in March that he is retiring after more than 35 years at Microsoft. Jha’s departure has triggered a flattening of Microsoft’s upper management for Windows, Office, Microsoft 365 Copilot, and more. Mehdi originally started at Microsoft as an intern in the ’90s, just like many veteran employees. He worked on the launch of Windows 3.1 and Windows 95 early in his career, as well as the marketing for Internet Explorer. He also spent more than 10 years running Microsoft’s search and online businesses, including helping launch Bing. Mehdi also helped launch the Xbox One, Windows 10, and Copilot Plus PCs, and has regularly been the face of Microsoft’s consumer efforts in recent years. “I’ve had the privilege of being a part of s...
BJ’s Wholesale Club press release ( BJ ): Q1 Non-GAAP EPS of $1.10 beats by $0.06 . Revenue of $5.53B (+9.9% Y/Y) beats by $100M . Comparable club sales increased by 6.3% year-over-year. Comparable club sales, excluding gasoline sales, increased by 1.5% year-over-year. Membership fee income increased by 9.9% year-over-year to $132.4 million. Digitally enabled comparable sales growth was 28%, refle...
BJ’s Wholesale Club press release ( BJ ): Q1 Non-GAAP EPS of $1.10 beats by $0.06 . Revenue of $5.53B (+9.9% Y/Y) beats by $100M . Comparable club sales increased by 6.3% year-over-year. Comparable club sales, excluding gasoline sales, increased by 1.5% year-over-year. Membership fee income increased by 9.9% year-over-year to $132.4 million. Digitally enabled comparable sales growth was 28%, reflecting two-year stacked comp growth of 63%. The Company opened one new club and six new gas stations. Outlook: On March 5, 2026, the Company provided the following guidance for fiscal 2026: Comparable club sales, excluding the iBJ’s Wholesale Club pact of gasoline sales, to increase 2.0% to 3.0% year-over-year Adjusted EPS to range from $4.40 to $4.60 vs. consensus of $4.52 Capital expenditures of approximately $800 million, reflecting continued investment in new club openings and enhancements across our distribution network, including the ambient distribution center More on BJ’s Wholesale Club BJ's Wholesale Club Holdings: Downgrade To Hold For The Near Term BJ's Wholesale Club Holdings, Inc. 2025 Q4 - Results - Earnings Call Presentation BJ's Wholesale Club: Investing In Expansion, EPS Growth To Slow BJ’s Wholesale Club Q1 2027 Earnings Preview Sam's Club raises its annual membership fees - matches BJ's, still lower than Costco
Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season The average rate on a 30-year fixed mortgage climbed to its highest level since August, threatening to derail the spring selling season as higher Treasury yields and renewed inflation pressure push loan costs higher and freeze more prospective buyers out of the market. Freddie Mac data released Thursday show the 30-year fixed ...
Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season The average rate on a 30-year fixed mortgage climbed to its highest level since August, threatening to derail the spring selling season as higher Treasury yields and renewed inflation pressure push loan costs higher and freeze more prospective buyers out of the market. Freddie Mac data released Thursday show the 30-year fixed mortgage rate for the week ending May 21 jumped to 6.51% from 6.36%, the highest rate since Aug. 28, 2025. Soaring mortgage rates stem from turmoil in the Gulf region, with the U.S.-Iran war driving up oil prices, inflation, and bond yields over the last three months. Rates on 10-year Treasuries hit their highest level in one year, while 30-year yields neared 2007 highs. Mortgage rates fell to around 6% in early February, lifting hopes for a housing market rebound after three consecutive years of depressed activity. Yet hopes for a robust selling season were dashed because the conflict in the Middle East began in late February, and once the Hormuz chokepoint closed, energy prices surged, followed by rates. "Each uptick in rates narrows the pool of buyers who can make the numbers work," Realtor.com analyst Anthony Smith told News Corp. The impact of higher rates is significant for buyers: Before the conflict, a buyer with a $2,500 monthly budget and 20% down could afford about a $400,000 home at a 6% mortgage rate, but only about $384,000 at a 6.5% rate. Realtor.com analyst Jake Krimmel told Bloomberg, "We've been surprised so far that we haven't seen deterioration like we did this time last year." "May is where the rubber will meet the road because that's when things tend to really start picking up," Krimmel said. The end result of surging rates over the last few months was flat existing-home sales in April , well below Bloomberg Consensus expectations. The continued housing market slowdown, which feels like an eternity for those in the industry, has pressured businesses ti...