The club chair said the move to the London Stadium showed they were not a ‘tinpot club’ but now relegation threat looms When David Sullivan was pressed on why West Ham bothered to move to the London Stadium, the lack of substance to his argument offered a window into the club’s dysfunction. “I just think we feel like a big club,” Sullivan said in an interview with the Guardian in December 2017. “N...
The club chair said the move to the London Stadium showed they were not a ‘tinpot club’ but now relegation threat looms When David Sullivan was pressed on why West Ham bothered to move to the London Stadium, the lack of substance to his argument offered a window into the club’s dysfunction. “I just think we feel like a big club,” Sullivan said in an interview with the Guardian in December 2017. “Not a tinpot club. When players come to look at West Ham, they look at where you play.” Look deeper, though. Analysing the club chair’s answer nine years on, the conclusion is that this is an owner whose desire to win is cancelled out by his listlessness. Feeling like a big club, after all, is not the same as being a big club. It is a decade since West Ham departed from Upton Park, their tinpot home, and told their fans that doing so would take them to the next level. “A world-class stadium with a world-class team,” was the infamous sell from Karren Brady, the recently departed vice-chair , to which the best retort may be that line in the club’s recent accounts “forecasting a liquidity shortfall in summer 2026”, as well as the “severe but plausible scenario” of relegation causing an even bigger financial crisis three years after victory in the Conference League was followed by the £105m sale of Declan Rice to Arsenal. Continue reading...
Our correspondents look at how the clubs – who meet on Saturday – got where they are and what must happen next Liverpool: Not at all. Hindsight offers a few portents, such as the extent of last summer’s upheaval and Arne Slot’s insistence that it was a necessary response to Liverpool’s form towards the end of last season. It was strange to hear a title-winning coach in effect play down his team’s ...
Our correspondents look at how the clubs – who meet on Saturday – got where they are and what must happen next Liverpool: Not at all. Hindsight offers a few portents, such as the extent of last summer’s upheaval and Arne Slot’s insistence that it was a necessary response to Liverpool’s form towards the end of last season. It was strange to hear a title-winning coach in effect play down his team’s achievement. There was also the tragic death of Diogo Jota to deal with. Only Jota’s teammates and colleagues know the toll that has taken on them individually. But when the transfer window closed on 1 September with the £125m signing of Alexander Isak , taking the summer spend to almost £450m and expectations through the roof, the question asked was whether Liverpool would clean up given the resources at Slot’s disposal. Continue reading...
The following companies are expected to report earnings after hours on 05/08/2026. Visit our Earnings Calendar for a full list of expected earnings releases.Janus Henderson Group plc (JHG)is reporting for the quarter ending March 31, 2026. The finance/investment management compa
The following companies are expected to report earnings after hours on 05/08/2026. Visit our Earnings Calendar for a full list of expected earnings releases.Janus Henderson Group plc (JHG)is reporting for the quarter ending March 31, 2026. The finance/investment management compa
Maryland Blames Data Centers For $1.6 Billion Power Bill Shock, Omits Green Energy Mess Maryland's Office of People's Counsel released a new report warning that homeowners in the state could face $1.6 billion in additional power bill costs over the next decade to subsidize transmission line upgrades, largely due to data center demand outside Maryland, more specifically from data centers in Norther...
Maryland Blames Data Centers For $1.6 Billion Power Bill Shock, Omits Green Energy Mess Maryland's Office of People's Counsel released a new report warning that homeowners in the state could face $1.6 billion in additional power bill costs over the next decade to subsidize transmission line upgrades, largely due to data center demand outside Maryland, more specifically from data centers in Northern Virginia. OPC filed a complaint with the Federal Energy Regulatory Commission (FERC) arguing that PJM Interconnection, the largest U.S. grid operator, is forcing Maryland power customers to shoulder costs for grid expansion projects that feed into Northern Virginia. The complaint was titled "OPC complaint challenges PJM cost rules for unfairly assigning $2 billion in data center-driven transmission costs to Marylanders." People's Counsel David Lapp said Maryland residents neither caused the need for the transmission line projects nor will they meaningfully benefit from them: "Without FERC action, Maryland customers face paying billions for transmission infrastructure that PJM is advancing to benefit data centers. PJM's cost allocation rules are broken. Maryland customers have neither caused the need for these billions in new transmission projects nor will they meaningfully benefit from them." The complaint comes as the Mid-Atlantic region, specifically Maryland, is locked in a power bill crisis , with a confluence of bad "green" energy policies colliding with the AI data center boom. Not mentioned by the OPC or the one-party-ruled state of Democratic Party kings and queens is that Maryland is structurally dependent on imported power through PJM. It does not produce enough electricity inside the state to cover its own load, which makes power customers more exposed to regional grid costs, transmission upgrades, electricity price spikes, and data-center-driven demand growth outside of Maryland . How did Maryland get to the point where it has to import roughly 24 million mega...
Michael Vi/iStock Editorial via Getty Images Overview The iShares Core MSCI Emerging Markets IMI Index ETF ( XEC:CA ) is a passively managed ETF with about $4.4 billion CAD in assets. The fund trades in CAD and invests in publicly listed companies across developing markets. BlackRock, Inc.'s ( BLK ) Canadian-listed offering is designed to give investors a simple way to own a basket of stocks from ...
Michael Vi/iStock Editorial via Getty Images Overview The iShares Core MSCI Emerging Markets IMI Index ETF ( XEC:CA ) is a passively managed ETF with about $4.4 billion CAD in assets. The fund trades in CAD and invests in publicly listed companies across developing markets. BlackRock, Inc.'s ( BLK ) Canadian-listed offering is designed to give investors a simple way to own a basket of stocks from economies like China, India, Taiwan, South Korea, and Brazil—markets that represent a significant and growing share of global GDP but are usually still underweighted in most Canadian portfolios. I have been watching this fund for some time, and the current geopolitical backdrop makes this one of the more interesting setups I've seen for a Canadian-listed ETF. As I wrote in my recent piece on the BMO Covered Call Utilities ETF ( ZWU:CA ), the ongoing US-Iran conflict sent oil above $90/barrel and created a risk-off environment that has seen choppy markets. As of May 7, 2026, Axios and Reuters both reported that the USA and Iran are closer to an agreement to end the battle. If and when that deal is signed, the implications for XEC:CA are significant, as if the Strait of Hormuz can reopen, I rate the fund a Buy. Fund Breakdown XEC:CA was launched on April 10, 2013 , by BlackRock Asset Management Canada with a mandate to provide long-term capital growth by replicating the performance of the MSCI Emerging Markets Investable Market Index, net of expenses. The IMI (Investable Market Index) designation matters—it means the fund captures large-, mid-, and small-cap stocks across emerging market countries, giving investors a more complete picture of the EM opportunity set than a large-cap-only alternative would. The result is a fund that currently holds over 3,000 stocks , making it one of the most diversified single-ticket options available to Canadian investors. From a liquidity standpoint, the fund trades approximately 130,000 shares per day on the TSX, worth over $5.2 million, wh...
Welcome to ETF IQ, a weekly newsletter dedicated to the $23 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld . What’s in a Name? The Milken Institute Global Conference descended on Beverly Hills this past week, and the vibes in the $1.8 trillion private credit industry were decidedly different than last year’s confab. Alternative asset giants spent 2025 on a camp...
Welcome to ETF IQ, a weekly newsletter dedicated to the $23 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld . What’s in a Name? The Milken Institute Global Conference descended on Beverly Hills this past week, and the vibes in the $1.8 trillion private credit industry were decidedly different than last year’s confab. Alternative asset giants spent 2025 on a campaign to draw retail into the asset class, a push that saw the first private credit ETFs launch as well. Then came the abrupt blow-ups of Tricolor Holdings and First Brands Group, the software SaaSpocalypse of early 2026, and a slew of rapid markdowns — the perfect recipe for a mass exodus of retail investors from non-traded business development companies and interval funds. Notably, “semi-liquid” has sprung up as a popular shorthand for such vehicles. That moniker has likely contributed to the confusion, according to Jed Laskowitz, JPMorgan Asset Management’s global head of private markets and customized solutions. Here’s what he told me and Romaine Bostick in a Bloomberg Television interview on the sidelines of the conference: I don’t think the industry has done a good job at explaining some of these products. I think the term “semi-liquid” can be confusing to people... You have to remember that just because you have a vehicle that offers more liquidity, it doesn’t make the underlying asset more liquid. Certainly, “semi” was on full display in the first quarter, which saw most managers enforce the 5% cap on redemption requests — precisely when you would want the “liquid” part, as DoubleLine Capital Chief Executive Officer Jeffrey Gundlach said on a panel: Semi-liquid is kind of a diabolical name ... Half the time it’s liquid. It’s liquid when you don’t want your money, and it’s illiquid when you do want your money. In any case, the phrase “semi-liquid” might not be long for this world. That’s the expectation of EQT AB CEO Per Franzen: If I were to make one prediction for t...
German lenders are looking to sell a non-performing loan on the CalEdison Building in downtown Los Angeles, which has struggled to attract tenants. Deutsche Pfandbriefbank AG and Münchener Hypothekenbank eG are seeking a buyer for the loan backed by the office tower at 601 W. Fifth St., according to people familiar with the plans who asked not to be named because the process is private. Representa...
German lenders are looking to sell a non-performing loan on the CalEdison Building in downtown Los Angeles, which has struggled to attract tenants. Deutsche Pfandbriefbank AG and Münchener Hypothekenbank eG are seeking a buyer for the loan backed by the office tower at 601 W. Fifth St., according to people familiar with the plans who asked not to be named because the process is private. Representatives for the lenders didn’t immediately respond to requests for comment. BentallGreenOak , an owner of the building, declined to comment, while co-owner Rising Realty Partners didn’t immediately respond to a request for comment. The loan is being marketed by Eastdil Secured, which declined to comment, and Colliers, which didn’t immediately respond to a request for comment. The art deco property, built in 1931 as the headquarters for Southern California Edison, has 287,000 square feet (26,663 square meters) of space across 14 floors. It was renovated in 2017 and is 43% occupied, according to marketing materials . PBB said last year that it was discontinuing its €4.1 billion ($4.8 billion) US business and intends to wind down, securitize or sell its portfolio. The firm made a big push into the US about a decade earlier, amassing a large number of commercial-property loans that saw heavy losses when demand for offices dropped during the pandemic. Other German banks have begun to get rid of US commercial real estate loans after values of the properties backing the debts plunged. Deutsche Bank AG is part of a group of lenders that’s forcing Hollywood landlord Hackman Capital Partners to sell entertainment properties around Los Angeles. In March, Deutsche Bank filed to foreclose on a movie studio in Astoria, New York. German pension fund Bayerische Versorgungskammer also has been finding buyers for struggling US assets. Last year, the fund was part of a group that offloaded the remaining condos at a Beverly Hills development in a bulk deal, and sold a waterfront site in Miami Be...
Shares of Intel (NASDAQ:INTC) are ripping higher again in Friday afternoon trading, with the stock changing hands near $125, up roughly 14% on the session. The move caps a stunning month for the chipmaker. INTC stock is now up approximately 116% over the past month with today’s intraday gain factored in. Through Thursday’s close, Intel ... Intel Just Ripped 116% in a Month. Is It Time to Sell in M...
Shares of Intel (NASDAQ:INTC) are ripping higher again in Friday afternoon trading, with the stock changing hands near $125, up roughly 14% on the session. The move caps a stunning month for the chipmaker. INTC stock is now up approximately 116% over the past month with today’s intraday gain factored in. Through Thursday’s close, Intel ... Intel Just Ripped 116% in a Month. Is It Time to Sell in May and Go Away?
July ICE NY cocoa (CCN26 ) today is down -221 (-4.99%), and July ICE London cocoa #7 (CAN26 ) is down -159 (-4.83%). Cocoa prices are sharply lower today as signs of abundant current supplies sparked long liquidation in cocoa futures after ICE cocoa inventories rose to a 20.5-month high...
July ICE NY cocoa (CCN26 ) today is down -221 (-4.99%), and July ICE London cocoa #7 (CAN26 ) is down -159 (-4.83%). Cocoa prices are sharply lower today as signs of abundant current supplies sparked long liquidation in cocoa futures after ICE cocoa inventories rose to a 20.5-month high...
July arabica coffee (KCN26 ) today is up +3.20 (+1.17%), and July ICE robusta coffee (RMN26 ) is up +1 (+0.03%). Coffee prices are moving higher today. Tight coffee inventories are supportive of prices. ICE arabica coffee inventories fell to a 2.5-month low of 483,292 bags on Thursday. Also, ICE...
July arabica coffee (KCN26 ) today is up +3.20 (+1.17%), and July ICE robusta coffee (RMN26 ) is up +1 (+0.03%). Coffee prices are moving higher today. Tight coffee inventories are supportive of prices. ICE arabica coffee inventories fell to a 2.5-month low of 483,292 bags on Thursday. Also, ICE...