Some schools are warning users not to log back into Canvas yet, after a ransomware group claimed credit for a data breach. Half of North America's higher education institutions use the platform. (Image credit: Michael Warren)
Some schools are warning users not to log back into Canvas yet, after a ransomware group claimed credit for a data breach. Half of North America's higher education institutions use the platform. (Image credit: Michael Warren)
An Olympics-style sports event that welcomes performance-enhancing drugs is set for later this month in Las Vegas. The company behind that endeavor just went public in a merger with a blank-check company, a SPAC deal that valued it at $1.2 billion with backing from Peter Thiel and former Coinbase CTO Balaji Srinivasan. Enhanced CEO Maximilian Martin joins Caroline Hyde from the floor of the New Yo...
An Olympics-style sports event that welcomes performance-enhancing drugs is set for later this month in Las Vegas. The company behind that endeavor just went public in a merger with a blank-check company, a SPAC deal that valued it at $1.2 billion with backing from Peter Thiel and former Coinbase CTO Balaji Srinivasan. Enhanced CEO Maximilian Martin joins Caroline Hyde from the floor of the New York Stock Exchange on "Bloomberg Tech." (Source: Bloomberg)
Apple reportedly strikes deal for Intel to make some of its chips — two tech giants reached a preliminary agreement for Intel to make processors for Cupertino Tom's Hardware
Apple reportedly strikes deal for Intel to make some of its chips — two tech giants reached a preliminary agreement for Intel to make processors for Cupertino Tom's Hardware
In this article .SPX Follow your favorite stocks CREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during morning trading on May 4, 2026 in New York City. Michael M. Santiago | Getty Images The S&P 500 brushed off Thursday headlines about the U.S. and Iran trading blows in the Strait of Hormuz and continued marching higher in Friday trading, crossing 7,400 for the first ...
In this article .SPX Follow your favorite stocks CREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during morning trading on May 4, 2026 in New York City. Michael M. Santiago | Getty Images The S&P 500 brushed off Thursday headlines about the U.S. and Iran trading blows in the Strait of Hormuz and continued marching higher in Friday trading, crossing 7,400 for the first time. Prediction market traders think there's more fuel left in the tank. While the benchmark is already up more than 16% from its March 30 lows, traders on Kalshi think the broad index has a 63% chance of breaching 7,800 in 2026. That would be another gain of more than 5% from current trading levels. That's not all: Traders now place a 45% chance that the S&P 500 will cross 8,000 this year. That's well above the less than 10% odds priced in as early as April. The index crossed 7,000 for the first time in January . It's not just traders on prediction markets getting more bullish. RBC hiked its 12-month-forward price target for the index to 7,900 in a Friday note. Head of U.S. equity strategy Lori Calvasina wrote that the average and median of the five models used by the bank to calculate its estimate is 8,100 — implying there may be even upside to her forecast. Stocks have shrugged off what appears to be a prolonged closure of the Strait of Hormuz — a critical passageway for the global supply of crude oil — and a potential re-escalation of the U.S.-Iran war. Investors instead have embraced an artificial intelligence buildout that appears to be firing on all cylinders. It's boosting stocks of the companies involved, driving much of the earnings growth the market has been celebrating and pushing GDP higher through increased private investment. "The AI tech trade has just become so powerful that it's superseded anything else," said Peter Boockvar, chief investment officer at OnePoint BFG Wealth Partners. He added that no one wants to miss out on a potential rally if the U.S. a...
Joby Aviation (NYSE: JOBY) stock climbed 11.3% in April's trading -- a period that saw strong bullish momentum for the broader market. The S&P 500 jumped 10.4% over the period, and the Nasdaq Composite surged 15.3%. Positive momentum for the broader stock market played a big role in pushing Joby's valuation higher last month, but that wasn't the only catalyst for the company. The electric vertical...
Joby Aviation (NYSE: JOBY) stock climbed 11.3% in April's trading -- a period that saw strong bullish momentum for the broader market. The S&P 500 jumped 10.4% over the period, and the Nasdaq Composite surged 15.3%. Positive momentum for the broader stock market played a big role in pushing Joby's valuation higher last month, but that wasn't the only catalyst for the company. The electric vertical take-off and landing ( eVTOL ) aircraft specialist also reported a new partnership and a successful flight demonstrations, and news in May has been even more promising. Image source: Getty Images. Continue reading
It's a tough time to be putting money to work in the market. Stocks may be soaring again for all the seemingly right reasons. As most veteran investors might attest, however, there's something not quite right about the current bullishness. It feels like it could fade as quickly as it took shape, as it did in February and March. Blame the mixed messages from the economy for this. Still, there are o...
It's a tough time to be putting money to work in the market. Stocks may be soaring again for all the seemingly right reasons. As most veteran investors might attest, however, there's something not quite right about the current bullishness. It feels like it could fade as quickly as it took shape, as it did in February and March. Blame the mixed messages from the economy for this. Still, there are opportunities for investors willing to do a little digging. If I had $5,000 to invest amid current volatility, here's what I'd do. Image source: Getty Images. Continue reading
AvigatorPhotographer/iStock via Getty Images Introduction Back when I last covered Cheniere Energy ( LNG ), I highlighted their strong distributable cash flow, great long-term potential given their growth projects, the industry's potential to benefit significantly from AI demand, solid new long-term contracts, and strong buybacks. Following a solid quarter that was overshadowed by a major paper lo...
AvigatorPhotographer/iStock via Getty Images Introduction Back when I last covered Cheniere Energy ( LNG ), I highlighted their strong distributable cash flow, great long-term potential given their growth projects, the industry's potential to benefit significantly from AI demand, solid new long-term contracts, and strong buybacks. Following a solid quarter that was overshadowed by a major paper loss, LNG remains a "Buy," backed by a strong company trading at a valuation that still implies a solid margin of safety, as the market seems to be focusing on macro uncertainty that may not be that impactful for Cheniere, with plenty of room for a potential re-rating in the long term as their strategic importance shines. Paper Loss vs. Guidance Boost Cheniere Energy IR Cheniere reported a massive paper loss as a result of a major derivatives hit, missing the market’s EPS expectations significantly as a result of $5.46 billion in net losses from derivative instruments despite a slight beat on revenue . T he distributable cash flow, on the other hand, remained strong at $1.67 billion. In simple terms, accounting rules require them to mark their future contracts to buy gas (which they then turn into LNG) to market prices. Since gas prices jumped, they had to account for a massive boost in input costs even though they aren’t obligated to buy everything today (and never do), while the LNG they will sell as part of their long-term contracts can’t be marked to market, leading to a massive loss on paper that the company’s CFO mentioned during their Q1 Earnings Call : To be clear, as we deliver on our IPM agreements that are accounted for as derivatives or economic hedges that mitigate future cash flow volatility, we expect these noncash unrealized mark-to-market losses to unwind over time and generate mark-to-market gains as we realize the intended and corresponding fixed liquefaction fees from these contracts that pass through the LNG market price exposure to our IPM counterparties...
Earnings Call Insights: EverCommerce (EVCM) Q1 2026 Management view "We had a strong start to the year, in line with expectations and focused on investing in key areas for accelerated growth in the back half of 2026 and beyond, including a focus on our continued integration of AI and go-to-market capabilities." (Founder, Chairman & CEO Eric Remer) "During the first quarter, EverCommerce generated ...
Earnings Call Insights: EverCommerce (EVCM) Q1 2026 Management view "We had a strong start to the year, in line with expectations and focused on investing in key areas for accelerated growth in the back half of 2026 and beyond, including a focus on our continued integration of AI and go-to-market capabilities." (Founder, Chairman & CEO Eric Remer) "During the first quarter, EverCommerce generated revenue of $147.5 million, above the midpoint of our guidance range" and "Adjusted EBITDA for the quarter of $40.7 million exceeded the midpoint of our guidance range, representing a margin of 27.6%." (CEO Remer) "Our cross-sell motion continues to expand" and "we saw 32% growth in customers utilizing more than one solution"; management also highlighted capital return, saying, "we repurchased 1.3 million shares for $13.9 million during the quarter while maintaining a stable leverage profile." (CEO Remer) "We're super excited about ZyraTalk" and said integrations were "ahead of schedule" with Service Fusion and Briostack; management added, "we're really ahead of pace relative to our integration, launch and customer acquisition goals through Q1." (President & CEO of EverPro Matthew Feierstein) "Clinical notes that previously took hours are now completed in 10 minutes" and the provider "estimates savings of more than 1 hour per day" using "EverHealth AI Scribe integrated into DrChrono." (Chief Executive Officer of EverHealth Evan Berlin) "Total reported revenue in the first quarter was $147.5 million, up 3.6% from the prior year period" and "adjusted operating expenses were slightly higher year-over-year as a percentage of revenue, increasing from 46.5% to 50.3%, representing targeted growth investments." (Chief Financial Officer Ryan Siurek) Outlook "For the second quarter of 2026, we expect total revenue of $150.5 million to $153.5 million and adjusted EBITDA of $41 million to $43 million." (CFO Siurek) "For the full year 2026, we reiterate our previous guidance from mid-Mar...