Sen. Elizabeth Warren (D-MA) is pressing Meta Platforms Inc. (NASDAQ:META) for more details about its stablecoin creator payment plans, raising concerns about potential risks. "The lack of transparency regarding the details of Meta’s stablecoin-related plans is deeply troubling," Warren said...
Sen. Elizabeth Warren (D-MA) is pressing Meta Platforms Inc. (NASDAQ:META) for more details about its stablecoin creator payment plans, raising concerns about potential risks. "The lack of transparency regarding the details of Meta’s stablecoin-related plans is deeply troubling," Warren said...
Harvepino/iStock via Getty Images Sea Limited ( SE ) stock has been under selling pressure over recent months. The company is delivering solid numbers while reinvesting for growth and consolidating its competitive moat by expanding logistics capabilities and other channels to increase customer satisfaction and retention over the long haul. This is the same playbook that Amazon ( AMZN ) has employe...
Harvepino/iStock via Getty Images Sea Limited ( SE ) stock has been under selling pressure over recent months. The company is delivering solid numbers while reinvesting for growth and consolidating its competitive moat by expanding logistics capabilities and other channels to increase customer satisfaction and retention over the long haul. This is the same playbook that Amazon ( AMZN ) has employed so successfully in the US and that MercadoLibre ( MELI ) implements in Latin America. The long-term results can be spectacular, but stock prices tend to suffer in the short term when profit margins become volatile. The stock market wants profits now, or even yesterday, and growth companies like Sea Limited tend to prioritize long-term value creation over short-term profitability. This can create a bifurcation between the stock price and the underlying fundamentals. This is why, in our prior article on Sea Limited, we wrote that the stock is too cheap to ignore . Updating this thesis, the most recent quarter from Sea Limited shows a business that is still reinvesting aggressively, with growth engines performing very well and unit economics evolving in the right direction. Importantly, the stock remains very attractively valued, and the positive reaction to earnings could ignite a rally if and when market conditions help. E-commerce Is Growing At Full Speed The e-commerce business Shopee delivered $37.3 billion in Gross Merchandise Value (GMV) last quarter, a powerful 30.2% year-over-year increase. Gross orders reached 4 billion, growing 29.3%. Total revenue at Shopee was $5.1 billion, an increase of 45.1% versus the same quarter in the prior year. Ad revenue increased 80% year over year, and the ad take rate increased by more than 90 basis points. The strategy is clearly coming into fruition and yielding results. Sea Limited Shopee continues to scale the delivery network, increasing customer satisfaction and driving economies of scale. The moat gets wider as logistics cost...
Shares of Micron Technology (NASDAQ:MU) are surging on Wednesday, trading at around $804 and up roughly 5% on the session. The move extends a parabolic one-month run that has the stock approximately 89% higher when including today’s intraday gains. Year to date, MU stock has now climbed 182%, and the one-year return sits at a ... Micron Is Now Up 89% in a Month. Should You Sell in May and Go Away?
Shares of Micron Technology (NASDAQ:MU) are surging on Wednesday, trading at around $804 and up roughly 5% on the session. The move extends a parabolic one-month run that has the stock approximately 89% higher when including today’s intraday gains. Year to date, MU stock has now climbed 182%, and the one-year return sits at a ... Micron Is Now Up 89% in a Month. Should You Sell in May and Go Away?
Andrii Dodonov/iStock via Getty Images Investors secured 5% yields on 30-year Treasury bonds ( US30Y ) for the first time since 2007, as surging energy prices continue to push inflation higher across the U.S. economy. A massive $25B auction of new 30-year bonds on Wednesday was awarded at 5.046%, based on bidder yields. The result came in slightly above pre-auction trading levels and reflected mid...
Andrii Dodonov/iStock via Getty Images Investors secured 5% yields on 30-year Treasury bonds ( US30Y ) for the first time since 2007, as surging energy prices continue to push inflation higher across the U.S. economy. A massive $25B auction of new 30-year bonds on Wednesday was awarded at 5.046%, based on bidder yields. The result came in slightly above pre-auction trading levels and reflected middling demand as government bond yields reached their highest levels in almost a year. The surge in yields comes as auction bidders demand higher fixed rates to compensate for inflation risk. The oil ( USO ) ( BNO ) shock stemming from the Middle East war has pushed broader inflation measures, including the consumer and producer price indexes, higher while lifting market-based inflation expectations. The last 30-year Treasury carrying a 5% interest rate was sold in 2007, on the eve of the global financial crisis. Since then, no 30-year bond has exceeded a 4.75% rate. The lowest rate in the past two decades was 1.25%, set in May 2020 following the pandemic’s onset—those bonds now trade at less than 50 cents on the dollar, Bloomberg reported. Sales of three- ( US3Y ) ( SHY ) and 10-year Treasuries ( US10Y ) earlier in the week also attracted weaker-than-expected demand. Augur Infinity More on Interest Rates U.S. Bonds Hit 5%: Mayday Wall Street Lunch: Global Borrowing Costs Surge On Rising Oil, Renewed Inflation Concerns Bond Market On Edge: Treasury Yields Spike, 30-Year To 5.03%, Mortgage Rates To 6.52%, As Gulf War Reheats US2Y reclaims 4% as yields climb on hotter-than-expected PPI report Fed funds futures turn more hawkish after hot CPI report
The wheat complex is showing a modest correction on Wednesday following the Tuesday limit gains. Chicago SRW is down 1 to 2 cents at midday. KC HRW futures are 2 to 4 cents in the red so far. MPLS spring wheat is slipping back with fractional losses in the front...
The wheat complex is showing a modest correction on Wednesday following the Tuesday limit gains. Chicago SRW is down 1 to 2 cents at midday. KC HRW futures are 2 to 4 cents in the red so far. MPLS spring wheat is slipping back with fractional losses in the front...
Corn futures are trading with 1 to 2 cent gains so far on Wednesday. There were 36 deliveries against May futures overnight. The CmdtyView national average Cash Corn price is up 2 cents to $4.41. Weekly EIA data from this morning showed a 65,000 barrel per day hike in ethanol...
Corn futures are trading with 1 to 2 cent gains so far on Wednesday. There were 36 deliveries against May futures overnight. The CmdtyView national average Cash Corn price is up 2 cents to $4.41. Weekly EIA data from this morning showed a 65,000 barrel per day hike in ethanol...
Soybeans are posting with 4 to 7 cent gains across most contracts on Wednesday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.67. Soymeal futures are up $6.10 to $8.10, with Soy Oil futures 48 points lower in the July contract. President Trump landed in...
Soybeans are posting with 4 to 7 cent gains across most contracts on Wednesday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.67. Soymeal futures are up $6.10 to $8.10, with Soy Oil futures 48 points lower in the July contract. President Trump landed in...
July arabica coffee (KCN26 ) today is up +0.50 (+0.18%), and July ICE robusta coffee (RMN26 ) is up +85 (+2.44%). Coffee prices are moving higher today, with robusta up sharply at a 7-week high. Tightness in ICE coffee inventories is pushing coffee prices higher. ICE robusta inventories fell to...
July arabica coffee (KCN26 ) today is up +0.50 (+0.18%), and July ICE robusta coffee (RMN26 ) is up +85 (+2.44%). Coffee prices are moving higher today, with robusta up sharply at a 7-week high. Tightness in ICE coffee inventories is pushing coffee prices higher. ICE robusta inventories fell to...
Kevin Warsh, nominee for chairman of the Federal Reserve, is sworn in to his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Dirksen building on Tuesday, April 21, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images It has taken eight and a half years, but on Wednesday President Donald Trump finally succeeded in reversing one of the few mistakes he has admitted to ma...
Kevin Warsh, nominee for chairman of the Federal Reserve, is sworn in to his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Dirksen building on Tuesday, April 21, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images It has taken eight and a half years, but on Wednesday President Donald Trump finally succeeded in reversing one of the few mistakes he has admitted to making as president. In November 2017, Trump chose Jerome Powell to chair the Federal Reserve , opting for someone he saw as malleable over a charismatic but youthful former Fed governor, Kevin Warsh . Trump has regretted it ever since. The question that has consumed the markets as the Senate moved toward Wednesday's confirmation is whether Trump will come to regret this decision, too. Fed chairs "change once they get the job," Trump said in January. If Warsh loses Trump's backing, the new Fed chair may not have the bulwark of congressional support that helped Powell resist Trump. Whether Warsh can succeed in the mission of "regime change" he has pledged for the Fed will hinge on his ability to navigate this exceptionally challenging political landscape. But while he starts his tenure at a significant political disadvantage compared to Powell, Warsh's history and his relationship with Trump suggest the new chair is more likely to blaze an independent trail than his detractors believe. And he may do so in a collaborative way that would surprise those who are bracing for immediate friction. Warsh, 56, was confirmed Wednesday with just 54 votes, with Sen. John Fetterman of Pennsylvania as the only Democratic "yes" vote. That's the weakest support a Fed chair has received since the position became Senate-confirmed in 1977. The previous record low was held by Democrat-nominated Janet Yellen , who received 56 votes in 2014, including 11 from Republicans. Among those who voted against Warsh this time was Minority Leader Sen. Chuck Schumer , D-N.Y. That is a reversal from 2006, when ...
Olympic weightlifting consists of three basic movements performed on a barbell : the snatch, the clean, and the jerk (with the latter two executed in combination). At such an elite level, athletes seek to exploit every possible advantage, including how a barbell bends and recoils in response to loaded weight and applied force—a property known as flexural bending in physics and dubbed the "whip" by...
Olympic weightlifting consists of three basic movements performed on a barbell : the snatch, the clean, and the jerk (with the latter two executed in combination). At such an elite level, athletes seek to exploit every possible advantage, including how a barbell bends and recoils in response to loaded weight and applied force—a property known as flexural bending in physics and dubbed the "whip" by Olympic athletes. Scientists are learning more about the underlying mechanisms of the whip, according to a presentation at this week's meeting of the Acoustical Society of America in Philadelphia. Joshua Langlois, a graduate student at Pennsylvania State University, competes in Strongman competitions as a hobby. He also has friends who compete at the national level in Olympic weight-lifting events. "They told me how they use the whip," Langlois said during a media briefing. "When they dip down, they can feel when the bar flexes back up and use that to accelerate the movement upward to increase the amount they can lift." Langlois decided to conduct a modal analysis, i.e., how an object moves or vibrates, to quantify the whip and better understand the mechanics, as well as what makes for a good barbell at the elite level. He suspended four 20-kg men's barbells (women use 15-kg barbells)—with 50 kg loaded on each end—from elastic resistance bands so that the bar was essentially floating in space. Then he attached accelerometers at each end of the bar where the vibrational mode patterns occur. Next he tapped set locations across the bar with a small hammer, measuring the acceleration at the end points, which enabled him to map out how the bars moved in response. He compared the vibrations of different barbells, as well as a single barbell loaded with different weights. Read full article Comments
GOP Lawmakers Leery Of Trump's Billion-Dollar Ballroom-Security Package Wary of the terrible election-year optics, some federal Republican legislators are less-than-enthusiastic about approving a request for a billion dollars in security funding relating to President Trump's White House ballroom project . Some of them shared those feelings with reporters after they received a Tuesday afternoon clo...
GOP Lawmakers Leery Of Trump's Billion-Dollar Ballroom-Security Package Wary of the terrible election-year optics, some federal Republican legislators are less-than-enthusiastic about approving a request for a billion dollars in security funding relating to President Trump's White House ballroom project . Some of them shared those feelings with reporters after they received a Tuesday afternoon closed-door briefing by Secret Service Director Sean Curran. When he first rolled out the 90,000-square-foot ballroom project, Trump repeatedly emphasized that the project would cost $200 million and be funded entirely with private donations . Now the ballroom itself is projected to cost $400 million -- still privately-funded -- but with another $1 billion in federal funding being poured into security provisions. An artist's rendering of Trump's ballroom, which is now projected to cost $400 million before $1 billion in security add-ons (via White House) “I think the timing and the optics are really bad ,” North Carolina Sen. Thom Tillis told reporters Monday. “This time last year, roughly, maybe a little bit before, we were all impressed with the fact that this $400 million building was going to be paid for out of the generosity of donors, and now we’re hearing 2½ times that is necessary for some other aspect of the project.” The ballroom funds are supposed to be part of the ICE and Border Patrol bill that's considered as a GOP must-have. In his briefing to legislators, Curran provided an itemization of the big-ticket items comprising that $1 billion request. “He walked through the various categories,” Senate Majority Leader John Thune said. “So it was a good back-and-forth, a good discussion, and obviously we had a lot of questions that were asked by our colleagues, just to get the details and precision as much as possible about how dollars will be used.” According to the Washington Post , the categories include: $200 million for "hardening" the party room , from both above a...