The funeral for the father of Mo Li Kai-yin, the dancer left paralysed after being struck by a falling giant screen during a concert by Hong Kong boy band Mirror, will be held early next month. The family said on Saturday that Reverend Derek Li Shing-lam’s funeral would be held at 10.30am on June 6 at St Andrew’s Church, Kowloon. The 71-year-old Li died on April 25, a week after disclosing on his ...
The funeral for the father of Mo Li Kai-yin, the dancer left paralysed after being struck by a falling giant screen during a concert by Hong Kong boy band Mirror, will be held early next month. The family said on Saturday that Reverend Derek Li Shing-lam’s funeral would be held at 10.30am on June 6 at St Andrew’s Church, Kowloon. The 71-year-old Li died on April 25, a week after disclosing on his social media that he was receiving treatment for an undisclosed illness. According to his previous...
Semi-final: St Helens 0-32 Wigan Warriors will face Warrington or Hull KR at Wembley The Challenge Cup kings are at it again. For the first time in a good while, Wigan were arguably underdogs going into this semi-final against their fiercest rivals, St Helens, with a run of form that included four successive Super League defeats before stopping the rot last week against promoted Bradford. In contr...
Semi-final: St Helens 0-32 Wigan Warriors will face Warrington or Hull KR at Wembley The Challenge Cup kings are at it again. For the first time in a good while, Wigan were arguably underdogs going into this semi-final against their fiercest rivals, St Helens, with a run of form that included four successive Super League defeats before stopping the rot last week against promoted Bradford. In contrast, St Helens are joint-top of Super League and have won their past five, but when it comes to Wigan and the Challenge Cup, this relationship is anything but ordinary. For the 34th timethe Warriors have reached the final. Continue reading...
csfotoimages/iStock Editorial via Getty Images Introduction AT&T ( T ) doesn’t need a lengthy introduction as one of the best-known names in the North American telecom space. I'm keeping an eye on the company’s financial performance on a quarterly basis, as I have built a rather substantial long position in its baby bonds . As I will explain in this article, I’m also charmed by the 6.3% yielding p...
csfotoimages/iStock Editorial via Getty Images Introduction AT&T ( T ) doesn’t need a lengthy introduction as one of the best-known names in the North American telecom space. I'm keeping an eye on the company’s financial performance on a quarterly basis, as I have built a rather substantial long position in its baby bonds . As I will explain in this article, I’m also charmed by the 6.3% yielding preferred shares, as the payout ratio is less than 1% of the net income generated by AT&T. Data by YCharts A lower net income due to a lower income from affiliates In the first quarter of 2026, AT&T reported total revenue of approximately $31.5B , which is a near 3% increase compared to the first quarter of last year. The total amount of operating expenses remained unchanged, but as the income statement clearly shows, this was mainly due to a $504M asset impairment charge that was recorded in Q1 2025. Excluding that impairment charge, the Q1 2025 cost base would have been approximately 2% lower. AT&T Investor Relations That being said, AT&T was able to keep its other operating expenses under control and reported operating income of $6.66B, which is a 15% increase compared to the first quarter of last year (thanks to the higher revenue, moderate underlying cost increase, and the lack of impairment charges). Keep in mind the interest expenses increased a bit as well, but the main issue that had an impact on AT&T’s bottom line result is the lack of contribution from affiliates. In fact, whereas AT&T was able to record a $1.44B contribution in Q1 2025, this was converted to a $41M loss in the first quarter of this year. This, of course, had an impact on the bottom line result, and the net income of $4.18B resulted in a net profit attributable to the common shareholder of just under $3.8B for an EPS of $0.54. And considering the preferred dividends require just around $35M per quarter, the payout ratio of less than 1% is, of course, an excellent coverage ratio for the preferred e...
De-Extinct Dire Wolves Ready To Breed; Bioscience Company Pushes Forward Multiple Projects Authored by Steve Watson via Modernity.news, Colossal Biosciences has announced that its de-extinct dire wolves—Romulus, Remus, and Khaleesi—are now breeding-aged and the firm plans to expand the pack later this year. The development marks a significant step for the Texas-based company in its mission to rest...
De-Extinct Dire Wolves Ready To Breed; Bioscience Company Pushes Forward Multiple Projects Authored by Steve Watson via Modernity.news, Colossal Biosciences has announced that its de-extinct dire wolves—Romulus, Remus, and Khaleesi—are now breeding-aged and the firm plans to expand the pack later this year. The development marks a significant step for the Texas-based company in its mission to restore extinct species through genetic engineering. The dire wolf pups, born in late 2024 and early 2025, represent the world’s first de-extinct animals. They have thrived in a secure 2,000-acre preserve, reaching milestones like learning to process whole deer carcasses and now showing readiness for natural breeding behaviors. “The dire wolf pack is actually breeding-aged at this point,” Matt James, Colossal’s chief animal officer, said, adding “But we will initially grow the pack through assisted reproduction while we create new, genetically diverse individuals.” The company intends to engineer two to four additional pups to boost genetic diversity before allowing full natural breeding. “The plan is to create an inter-breedable population of dire wolves in which they would eventually breed naturally to create a sustainable population of the world’s first de-extinct species,” James continued. He further added, “We will grow the population through assisted reproduction initially and then eventually only rely on natural breeding.” “The dire wolves are doing great,” Ben Lamm, Colossal’s CEO and co-founder, stated., adding “The three dire wolves live on a 2,000-acre secure, expansive ecological preserve that allows us to monitor and manage them while providing them a semi-wild habitat to thrive in. We hope to have more dire wolf pups by the end of the year.” Colossal reconstructed the dire wolf genome from ancient DNA fragments in bone samples, including a 72,000-year-old skull. Scientists then edited gray wolf embryos to incorporate key traits: a white coat, larger teeth, more mu...
On May 8, 2026, Cornerstone Advisors reported selling its entire stake in the Calamos Strategic Total Return Fund (NASDAQ:CSQ) , a move involving 1,712,871 shares and an estimated $32.11 million transaction value based on quarterly average pricing. According to a May 8, 2026, SEC filing , Cornerstone Advisors fully exited its position in the Calamos Strategic Total Return Fund (NASDAQ:CSQ) during ...
On May 8, 2026, Cornerstone Advisors reported selling its entire stake in the Calamos Strategic Total Return Fund (NASDAQ:CSQ) , a move involving 1,712,871 shares and an estimated $32.11 million transaction value based on quarterly average pricing. According to a May 8, 2026, SEC filing , Cornerstone Advisors fully exited its position in the Calamos Strategic Total Return Fund (NASDAQ:CSQ) during the first quarter. The firm sold 1,712,871 shares, with the estimated transaction value calculated at $32.11 million based on the period's average closing price. The quarter-end position value decreased by $32.89 million, reflecting both the sale and stock price changes. The Calamos Strategic Total Return Fund is a closed-end fund managed by Calamos Advisors LLC, focusing on a multi-asset strategy that blends equities and fixed income. The fund leverages a combination of bottom-up and top-down security selection to pursue risk-adjusted returns across market cycles. Its diversified approach and active management aim to provide stable income and capital appreciation for investors seeking balanced exposure. Continue reading
halbergman/E+ via Getty Images It’s all about data centers these days, right? Companies directly and indirectly exposed to AI capital spending have benefitted from hyperscalers' intense capex plans. PPL Corporation ( PPL ) noted its data center services exposure earlier this month during the Q1 call . But the stock has not seen the kind of tailwind seen among some of its power generator peers. I h...
halbergman/E+ via Getty Images It’s all about data centers these days, right? Companies directly and indirectly exposed to AI capital spending have benefitted from hyperscalers' intense capex plans. PPL Corporation ( PPL ) noted its data center services exposure earlier this month during the Q1 call . But the stock has not seen the kind of tailwind seen among some of its power generator peers. I had a hold rating on PPL back in July 2023 . I noted a stock that was close to its intrinsic value, based on my estimates, along with a lackluster chart. Shares have returned 47% since then, lagging the S&P by 23 percentage points on a total return basis. Today, I reiterate a hold rating. While the stock has dipped from its April high, it has retreated to a fair valuation. Still, the chart shows a decent uptrend ahead of the firm’s Annual General Meeting this week. PPL Lagging SPY & XLU YoY Stockcharts.com In May, PPL reported a solid set of quarterly results. Q1 non-GAAP EPS of $0.63 topped the Wall Street consensus forecast of $0.62, while revenue of $2.77 billion, up 11% from the same period a year earlier, was a material $170 million beat. The management team reaffirmed its annual EPS growth target of 6% to 8% through at least 2029, with the CAGR now expected to be near the top end of that range. But shares shed 2.3% in the session that followed, PPL’s worst earnings reaction since November 2024. Looking ahead to the August report, the options market prices in a modest 3.8% earnings-related stock price swing based on the at-the-money straddle expiring soonest after the release. Implied volatility on the $27 billion market cap Utilities sector stock is low, just under 20%. PPL’s short interest is higher than investors might have expected, at 5.1%, and shares yield 3.17%. Looking back on the quarter that was, the Pennsylvania-based firm reported a strong start to 2026, driven by higher base rate recovery in Kentucky and increased transmission revenues from capital investme...
Chelsea were facing the prospect of becoming the first team in English football history to lose seven consecutive league matches heading into an FA Cup final when they fell 1-0 behind at Anfield, but they found a way out.
Chelsea were facing the prospect of becoming the first team in English football history to lose seven consecutive league matches heading into an FA Cup final when they fell 1-0 behind at Anfield, but they found a way out.
narvo vexar/iStock via Getty Images Setting The Stage When I read most of the analyses on Fastly, Inc. ( FSLY ), something very common is the bears discussing a CDN company in a commoditizing market squeezed between AWS CloudFront and Cloudflare. Which leads to it losing large customers and struggling to grow revenue above 10% in 2024. I would agree with their narrative as of 2024 and not over the...
narvo vexar/iStock via Getty Images Setting The Stage When I read most of the analyses on Fastly, Inc. ( FSLY ), something very common is the bears discussing a CDN company in a commoditizing market squeezed between AWS CloudFront and Cloudflare. Which leads to it losing large customers and struggling to grow revenue above 10% in 2024. I would agree with their narrative as of 2024 and not over the last four quarters. Seeing what Fastly reported in Q1 2026, I find it to be materially a different story from what the bears are telling. In Q1, revenue came in at about $173 million approximately a 20% YoY growth. This was not just a double digit growth rate, it was among the highest growth rates the company has registered in the last three years. Its Security revenue of about $38.8 million marked a YoY growth of about 47% being the 4 th consecutive quarter of accelerating growth. Elsewhere, net retention rate soared to 113% up from 100% a year ago with RPO revenue pipeline growing by 63% YoY to $369 million. Given these numbers, I don’t think this is a company drifting towards commoditization. It is a company that has found its next action. I mean, the edge as the delivery, security and inference layer for the AI internet. The company trades at about $20.50 following post earnings pullback which I view as a valuation recalibration rather than a thesis breaker. As such, I rate the stock a buy with an estimated fair value of $30. The Macro Len: Contextualizing The Market & Industry From where I sit, I see the internet being restructured . For close to three decades the dominant architecture was centralized. That is to say largely data was processed in large cloud data centers, delivered to users via CDN pipes. With the onset and ongoing evolution of AI, the rules are being redefined. Inference workloads are latency sensitive, bandwidth-intensive and increasingly happening at scale. Coresite On the other side of the world, processing a user’s AI query in a data center intro...
Applied Digital (NASDAQ: APLD) just added a massive AI infrastructure catalyst with its $7.5 billion hyperscaler deal, pushing contracted revenue above $23 billion. The upside story is getting stronger, but the stock's huge rally, rising debt load, and execution demands make this one of the most important AI infrastructure stories to watch. Stock prices used were the market prices of May 5, 2026. ...
Applied Digital (NASDAQ: APLD) just added a massive AI infrastructure catalyst with its $7.5 billion hyperscaler deal, pushing contracted revenue above $23 billion. The upside story is getting stronger, but the stock's huge rally, rising debt load, and execution demands make this one of the most important AI infrastructure stories to watch. Stock prices used were the market prices of May 5, 2026. The video was published on May 8, 2026. Continue reading
Sri Lankan authorities arrested a senior Buddhist monk on Saturday for the alleged sexual abuse of an underage girl, police said, marking the highest-profile case involving clergy in the country. Pallegama Hemarathana, 71, was arrested at a private hospital in the capital Colombo where he had sought treatment over the weekend amid an investigation into the alleged abuse of the 11-year-old girl in ...
Sri Lankan authorities arrested a senior Buddhist monk on Saturday for the alleged sexual abuse of an underage girl, police said, marking the highest-profile case involving clergy in the country. Pallegama Hemarathana, 71, was arrested at a private hospital in the capital Colombo where he had sought treatment over the weekend amid an investigation into the alleged abuse of the 11-year-old girl in 2022. The crime is alleged to have taken place at a highly venerated temple in Anuradhapura, around...