Move comes after PM insisted he would prove his doubters wrong and fight any leadership challenge UK politics live – latest updates Keir Starmer’s grip on power appeared to be slipping away on Monday as more than 70 Labour MPs publicly urged him to set out a timetable for his departure, despite his pledging to fight any challenge. The prime minister warned the country would “never forgive” Labour ...
Move comes after PM insisted he would prove his doubters wrong and fight any leadership challenge UK politics live – latest updates Keir Starmer’s grip on power appeared to be slipping away on Monday as more than 70 Labour MPs publicly urged him to set out a timetable for his departure, despite his pledging to fight any challenge. The prime minister warned the country would “never forgive” Labour for plunging into the chaos of a leadership election – and that he intended to prove his doubters inside and outside the party wrong. Continue reading...
Carol Schleif, chief market strategist for Bank of Montreal, says the buildout of AI infrastructure is lifting a broad cross section of stocks, not just a handful of tech names. She speaks with Ed Ludlow and Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Carol Schleif, chief market strategist for Bank of Montreal, says the buildout of AI infrastructure is lifting a broad cross section of stocks, not just a handful of tech names. She speaks with Ed Ludlow and Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Earnings Call Insights: OPAL Fuels (OPAL) Q1 2026 Management View "Despite a challenging operating environment in the seasonally soft first quarter, we remain on track to meet our full year guidance." (Co-Chief Executive Officer Adam Comora) "Production is improving in line with our expectations, and we are encouraged by the firming of environmental credit pricing." (Co-Chief Executive Officer Com...
Earnings Call Insights: OPAL Fuels (OPAL) Q1 2026 Management View "Despite a challenging operating environment in the seasonally soft first quarter, we remain on track to meet our full year guidance." (Co-Chief Executive Officer Adam Comora) "Production is improving in line with our expectations, and we are encouraged by the firming of environmental credit pricing." (Co-Chief Executive Officer Comora) "A variety of factors are leading to the logjam finally breaking for new CNG and RNG fleet deployments." (Co-Chief Executive Officer Comora) "We continue to advance our in-construction portfolio, and we expect to bring online more than 2 million MMBtu of annual design capacity over the next year or so." (Co-Chief Executive Officer Jonathan Maurer) "The D4, D5 and D6 prices have moved up dramatically, rising to over $2." (Co-Chief Executive Officer Maurer) "Adjusted EBITDA was $16.7 million in the quarter compared to $20.1 million in Q1 of 2025." (CFO Kazi Hasan) "We completed several financing transactions this quarter totaling $288 million, which included $180 million of preferred stock facility." (CFO Hasan) Outlook "We think we will start to see some contributions in 2027." (Co-Chief Executive Officer Comora) "We maintain full year 2026 guidance." (CFO Hasan) "Since our March call, the EPA released its final Set Rule with updated 2026 and 2027 RVO targets, which were generally in line with industry expectations." (Co-Chief Executive Officer Maurer) "We are now beginning to see the D3 RIN participate with the broader biofuel market with current pricing above $2.50 per RIN, and that may continue increasing over the balance of the year." (Co-Chief Executive Officer Maurer) Compared with the prior quarter’s emphasis that 2026 would be a setup year for downstream deployments, management repeated the timing expectation, saying, "this business development activity will not get reflected in our 2026 financial results as it takes us about 12 months to build the station after...
June WTI crude oil (CLM26 ) today is up +1.98 (+2.08%), and June RBOB gasoline (RBM26 ) is up +0.0792 (+2.25%). Crude oil and gasoline prices are sharply higher today after President Trump rejected Iran's response to his latest peace proposal, which prolongs the closure of the Strait of Hormuz...
June WTI crude oil (CLM26 ) today is up +1.98 (+2.08%), and June RBOB gasoline (RBM26 ) is up +0.0792 (+2.25%). Crude oil and gasoline prices are sharply higher today after President Trump rejected Iran's response to his latest peace proposal, which prolongs the closure of the Strait of Hormuz...
Introduction Adamas Trust, Inc. ( ADAM ), is a real estate investment trust that invests primarily in mortgages, commonly known as an mREIT. Investors who do not recognize the name may be familiar with it when it was known as New York Mortgage Trust. Like most mREITs, the company has a high-yielding dividend, currently yielding 10.55%. What some investors may not know is that Adamas also offers fo...
Introduction Adamas Trust, Inc. ( ADAM ), is a real estate investment trust that invests primarily in mortgages, commonly known as an mREIT. Investors who do not recognize the name may be familiar with it when it was known as New York Mortgage Trust. Like most mREITs, the company has a high-yielding dividend, currently yielding 10.55%. What some investors may not know is that Adamas also offers four different preferred shares and four different baby bonds as income alternatives. One preferred share is the floating rate Series E preferred share ( ADAMM ). I wrote about this issuance back in January . While the yield has been down since then, it is still hovering around 10% and offers income investors better price stability for slightly lower yield. Microsoft Excel API Adamas Trust Earnings Results When interest rates rose to fight higher inflation back in 2022, many mREITs felt the pinch because they were holding long-term fixed-rate assets leveraged against short-term interest liabilities. The short-term interest rates and borrowing costs rose faster than the asset yields. Adamas was no stranger to this phenomenon. Since late 2023, the company has seen its asset yields improve at a better rate than its financing yield. That trend slightly reversed in the first quarter as asset yields declined by 14 basis points and financing yields fell by only 7 basis points. This led to a 7-basis point decline in net interest spread to 1.45%. While the decline was disappointing, the net interest spread remains 100 basis points higher than where it was in early 2023. Company Financials Company Financials Despite the changes in asset and financing yields, the income side of the company looked better than the net interest spread. Interest income on loans grew by $1.5 million in the first quarter to $172 million, while interest expense declined by nearly $4 million. These changes allowed net interest income (interest income less interest expense) to grow by more than $5 million to $48...
Keir Starmer appears to have staved off an immediate leadership challenge but MPs are still calling for him to set out a timetable for his resignation. So can he survive or has he run out of road? Lucy Hough speaks to senior political correspondent Peter Walker Continue reading...
Keir Starmer appears to have staved off an immediate leadership challenge but MPs are still calling for him to set out a timetable for his resignation. So can he survive or has he run out of road? Lucy Hough speaks to senior political correspondent Peter Walker Continue reading...
matejmo/iStock via Getty Images Investment Thesis Rising geopolitical tensions, with the wars in Ukraine and in the Middle East close to Europe, have spurred European countries to increase their defense budgets substantially. This is especially true for NATO allies (except for Spain) which, initially pressured by the US, made a commitment in 2025 to investing 5% of GDP in defense requirements by 2...
matejmo/iStock via Getty Images Investment Thesis Rising geopolitical tensions, with the wars in Ukraine and in the Middle East close to Europe, have spurred European countries to increase their defense budgets substantially. This is especially true for NATO allies (except for Spain) which, initially pressured by the US, made a commitment in 2025 to investing 5% of GDP in defense requirements by 2035, target that not even the US achieved until now: Allies will allocate at least 3.5% of GDP annually based on the agreed definition of NATO defence expenditure by 2035 to resource core defence requirements, and to meet the NATO Capability Targets. Allies agree to submit annual plans showing a credible, incremental path to reach this goal. And Allies will account for up to 1.5% of GDP annually to inter alia protect our critical infrastructure, defend our networks, ensure our civil preparedness and resilience, unleash innovation, and strengthen our defence industrial base. Then, due to other pressures and even threats from the US against their European allies, related to Greenland, Iran, or ambiguity and “ conditional support ” for their allies, many European countries are building up long- term defense capabilities, making it likely that these elevated spending levels will be sustained. And it’s not only about increased budgets. With an alarming 75% of recent defense procurement to suppliers outside the EU, mostly to the US, the EU set targets of at least 50% of their defense procurement budget on equipment produced by the European Defence Technological and Industrial Base (“EDTIB”) by 2030. Then, at least 65% of the total cos tof the components used in defense products must originate from the EU or associated countries. All these are a net positive for European defense companies, that’s why I am interested in an ETF in this area. My preferred bullish strategy for ETFs is to sell partially covered Put options, because ETFs don’t have huge volatilities which are many times...
sankai/iStock via Getty Images By Ewa Manthey , Commodities Strategist Gold has struggled since the Iran war began Source: Refinitiv, ING Research Why gold has sold off during the conflict Gold’s safe-haven appeal tends to perform best in a financial crisis or growth shock – when real yields fall and the dollar weakens. A supply-driven energy shock does the opposite. Higher oil prices push inflati...
sankai/iStock via Getty Images By Ewa Manthey , Commodities Strategist Gold has struggled since the Iran war began Source: Refinitiv, ING Research Why gold has sold off during the conflict Gold’s safe-haven appeal tends to perform best in a financial crisis or growth shock – when real yields fall and the dollar weakens. A supply-driven energy shock does the opposite. Higher oil prices push inflation up, keep central banks on hold, and strengthen the dollar, all of which weigh on gold. High liquidity also makes it a source of funds when investors need to cover losses elsewhere. We saw the same dynamic in 2022 after Russia invaded Ukraine. After an initial rally, gold came under pressure as the inflationary impact of higher energy prices pushed yields and the dollar higher. The same dynamic has played out here, only faster. The macro headwind The Federal Reserve left rates unchanged in April, and the tone from Chair Jerome Powell was cautious. Inflation has re-accelerated since the war began, and the case for near-term easing has weakened. Our US economist still expects easing in the second half of the year, but a prolonged energy shock could push that back. Real yields and the dollar remain the key constraints on gold. Peace talks support a recovery, but progress has stalled Gold has given back some of last week’s gains after President Trump rejected Iran’s latest peace proposal as “totally unacceptable”. The setback keeps the ceasefire timeline uncertain and inflation risks elevated – reinforcing the higher-for-longer rate narrative that has weighed on gold throughout the conflict. A durable resolution remains the key catalyst for a sustained gold recovery. On the macro side, Friday’s payrolls data showed employers added jobs for a second consecutive month in April, and unemployment held steady at 4.3%. That gives the Fed little reason to rush on cuts, keeping yields and the dollar as near-term headwinds for gold. CPI data due Tuesday will be the next key test – a f...
Occidental Petroleum (NYSE: OXY) and Energy Transfer (NYSE: ET) represent two different ways to profit from the growing demand for oil and natural gas . Occidental, better known as Oxy, is a leading upstream company with a much smaller midstream business. Energy Transfer, which operates as a master limited partnership ( MLP ), is a leading midstream company. Oxy's stock has risen 34% year-to-date,...
Occidental Petroleum (NYSE: OXY) and Energy Transfer (NYSE: ET) represent two different ways to profit from the growing demand for oil and natural gas . Occidental, better known as Oxy, is a leading upstream company with a much smaller midstream business. Energy Transfer, which operates as a master limited partnership ( MLP ), is a leading midstream company. Oxy's stock has risen 34% year-to-date, while Energy Transfer's shares have risen 17%. Let's see why Oxy outperformed Energy Transfer -- and if it's still the better overall investment. Image source: Getty Images. Continue reading
Carlyle Secured Lending (NASDAQ:CGBD) reported lower first-quarter investment income and net asset value, while management said the business development company is seeing a more lender-friendly deal environment with wider spreads and stronger documentation in new originations. O
Carlyle Secured Lending (NASDAQ:CGBD) reported lower first-quarter investment income and net asset value, while management said the business development company is seeing a more lender-friendly deal environment with wider spreads and stronger documentation in new originations. O
SkyWater Technology’s foundry business is part of IonQ’s pending cash-and-stock acquisition, tying the stock’s value to both operational performance and the transaction’s completion. As a result, IonQ’s share price and the expected closing date are now central factors in investor assessments of the company.
SkyWater Technology’s foundry business is part of IonQ’s pending cash-and-stock acquisition, tying the stock’s value to both operational performance and the transaction’s completion. As a result, IonQ’s share price and the expected closing date are now central factors in investor assessments of the company.
Key PointsLountzis Asset Management sold 290,222 shares of SkyWater Technology; estimated trade value of $8.53 million (based on quarterly average price)
Key PointsLountzis Asset Management sold 290,222 shares of SkyWater Technology; estimated trade value of $8.53 million (based on quarterly average price)
Labour MP hoped to bounce others into a leadership challenge against Keir Starmer but then changed course When Catherine West announced she would challenge Keir Starmer, she was labelled a stalking horse, the slightly arcane political slang for someone testing out a bid on behalf of others. A couple of days on, and some Labour MPs say the better equine analogy is a Grand National competitor that h...
Labour MP hoped to bounce others into a leadership challenge against Keir Starmer but then changed course When Catherine West announced she would challenge Keir Starmer, she was labelled a stalking horse, the slightly arcane political slang for someone testing out a bid on behalf of others. A couple of days on, and some Labour MPs say the better equine analogy is a Grand National competitor that has shed its rider and bringing chaos to the race. Some colleagues of the north London MP are even blunter in their assessment of her attempt to bounce others into a leadership challenge by launching her own, a plan scaled back on Monday to instead involve an attempt to make Starmer set a date for his departure. Continue reading...
(RTTNews) - The Treasury Department kicked off this week's series of announcements of the results of its long-term securities auctions on Monday, revealing this month's auction of $58 billion worth of three-year notes attracted below average demand.
(RTTNews) - The Treasury Department kicked off this week's series of announcements of the results of its long-term securities auctions on Monday, revealing this month's auction of $58 billion worth of three-year notes attracted below average demand.