Welcome to the Business of Food newsletter, covering how the world feeds itself in a changing economy and climate. This week, Ilena Peng looks at the continuing appetite for beef. Any tips or feedback? Email Agnieszka de Sousa . If you aren’t yet signed up to receive this newsletter, please do so here . Defiant Demand On a sunny Friday outside New York’s Yankee Stadium, baseball fans watched a hot dog mascot dance. There were hot dog-shaped foam hats, and a tattoo artist piping mustard slogans like “Play Ball” onto — you guessed it — hot dogs. The cause of celebration was that Nathan’s Famous, the century-old brand best known for hosting the famed Coney Island hot dog eating contest, had just launched a grass-fed version of its beef frankfurters. But the dog-fest also highlighted something else: America’s seemingly insatiable appetite for beef. Despite near-record retail prices, shoppers still want beef products that are within their means, and companies are working to cater to that demand. The amount that consumers were willing to pay for beef at retail stores rose in April while dropping in restaurants, according to Kansas State University’s Meat Demand Monitor . Omaha Steaks recently launched a cheaper top sirloin steak that cuts like filet . In March, PepsiCo introduced Good Warrior beef sticks, what it called a snack for “busy consumers.” Eatery chain Portillo’s, meanwhile, wants to carry on running promotions for its beef sandwiches, burgers and hot dogs, regardless of the cost. The volume of retail beef sales in the US was up about 4% from a year earlier, the latest Circana figures show, even amid signs that shoppers are facing a squeeze on their finances. When it comes to hot dogs, some 60% of consumers in the US said they preferred all-beef ones to pork or chicken, according to the National Hot Dog and Sausage Council. Do Americans need another beef hot dog at a time of soaring meat prices? At Nathan’s, it might seem an odd time to be launching a product th...

Luis Alvarez/DigitalVision via Getty Images Sabre's ( SABR ) share price has gotten killed in the last year regarding fears around AI and how that might disrupt their business. The reason not to like it are plentiful. It carries $3.8 billion in net debt, negative free cash flow, and a stressed balance sheet. That said, with the Q1'26 results that were reported this yesterday Sabre put up pretty decent results that showed the turnaround is moving in the right direction. A quick overview of Sabre Sabre operates the second-largest Global Distribution System which is the technology infrastructure that connects airlines, hotels, and car rental companies to travel agents and online booking platforms globally. You can sort of think of it as the infrastructure that sits between an airline's inventory system and the travel agent's booking screen. Sabre holds roughly 30% of global GDS air transaction share, trailing only Amadeus at 40% and well ahead of Travelport at 15-20% (source: Bloomberg). The GDS model generates revenue primarily on a per-booking basis which means Sabre's revenue is directly tied to global air travel volumes. The other segment, Airline Technology, provides software solutions directly to airlines for reservations, check-in, and operations. The bear case on Sabre's GDS business has been well-documented. Airlines have been pushing New Distribution Capability (NDC) as a way to bypass the GDS and sell directly to consumers and agents which reduces the booking fees they pay to companies like Sabre. That headwind and the death of the GDS have been predicted for a decade and the industry has proven more durable than the bears expected, largely because the economics of direct distribution at scale are complicated for airlines and because travel agents continue to prefer consolidated booking platforms. Sabre's NDC strategy now includes 38 live airline integrations. A look at Q1'26 results Looking at the latest quarterly results , Sabre's revenues grew 8% from las...

碳酸锂20万了，储能还能干吗？ 5月8日，电池级碳酸锂现货价已经逼近 20万元/吨 。 同时，瑞银也在最近的报告中把2027年锂价预测上调至 28万/吨 ，比上次预测足足高了 47% 。 据分析师观点，上调预期的一个重要锚点就是 储能 。 报告中写明：地缘冲击、油气价格上涨、AIDC电力需求增加，以及储能系统成本预计下降 30% ，众多因素叠加，推动全球储能需求大幅上修。 然而，我们却发现，最近几个月，全国各地的大型储能项目中，废标弃标的案例明显多了起来。 陕西铜川100MW/400MWh独立储能电站，供应商以 4.3亿元 中标，单价 1.078元/Wh ，最终未在规定时间内签订合同并放弃中标资格。 宁夏通久新能源100MW/200MWh储能电站，中标供应商因原料涨价压力被解除中标资格，项目不得不重启招标流程。 内蒙古能源集团百万千瓦风光氢氨一体化配套60MW/120MWh储能项目，中标供应商同样因成本倒挂选择弃标，项目暂停推进。 陕西铜川储能项目废标公告（图源：北极星储能网） 据不完全统计，2026年以来，全国有超过 200 个储能项目被砍，至少 6GWh 的项目废标中止。 上游在疯狂吃肉，下游却只能无奈毁约。 同一个行业的“悲欢”并不相通，锂价暴涨引发的“剪刀差”，正在剪断储能集成商们的生命线。 01 困在“剪刀差”里的集成商 碳酸锂，正在以超出所有人预期的速度飙升。 2025年最低点时，电池级碳酸锂还在6万元/吨附近徘徊。 而今年一季度，价格一路狂飙，当前已冲至 19万元/吨 左右。从最底部到最顶点，价格翻了三倍还多。 碳酸锂近一年价格走势（数据来源：mysteel） 涨价的直接原因是市场供需失衡。 供给端：澳洲、津巴布韦、尼日利亚等主产国出口受限。同时，国内高成本矿山如江西云母提锂企业因安全问题复产缓慢。 需求端：储能成为全球锂需求的“最大增量”。InfoLink Consulting预估，2026年全球储能电芯出货量达 801GWh 。 这个增量有多大？ 1MWh储能柜的“含锂量”约等于14辆电动车，801GWh折算下来就是1121万辆电动车—— 相当于2025年中国新能源车总销量的70%。 在储能系统中，电芯一直是成本项中最大的一环。 根据星辰新能董事长柳娜对甘肃200MW/800MWh储能项目的真实拆解： 项目综合成本则为 0.77元/Wh ，其中，电...

(RTTNews) - TELUS Corporation (TU), a Canadian telecom company, Friday announced that it has promoted Gopi Chande, incumbent CFO of TELUS Digital and TELUS Health, to the role of Chief financial Officer of Telus Corp, effective July 1.

国产GPU上市潮仍然汹涌，继两家登陆A股、两家登陆H股后，这家公司正推进A+H同步IPO。 5月7日，人工智能芯片供应商昆仑芯（北京）科技股份有限公司（下称：昆仑芯），在北京证监局进行辅导备案（签署日为4月30日），拟科创板上市，辅导机构为中金公司。 需要注意的是，2026年1月，昆仑芯已通过保密形式向港交所提交主板上市申请（A1表格）。知情人士透露，该公司仍在正常推动港股上市进程。与之类似的，智谱、壁仞科技等港股上市公司亦有相关安排，相应工作均按既定计划推进。 来源：证监会官网截图 一切顺利的话，李彦宏有望在短时间内，连续在A股敲钟、港股敲锣：前者依托科创板的估值溢价和产业政策红利，后者基于全球投资者的配置深度和流动性优势。二者配合，形成对公司长期融资能力的双重锁定，也使其成为国产AI芯片龙头资本化拼图中体量最大的一块。 而除了昆仑芯，2026年3月，百度旗下百图生科、爱奇艺，相继传出赴港上市消息。可以预见的是，2026年李彦宏将批量收获IPO。 目前，国产GPU头部厂商中，燧原科技已于2026年1月提交科创板招股书；格兰菲和瀚博半导体的相关上市辅导工作，则仍在进行中。 一名芯片行业投资人曾表示，“IPO名额不会太多，目前是难得的窗口期，AI芯片企业都在争取尽快上市。”换言之，留给燧原科技、昆仑芯、格兰菲、瀚博半导体的时间，不多了。 “买不如造”，独立后5年6轮融资，估值210亿 2023年3月，在亚布力论坛上，李彦宏分享自研昆仑芯片的原因：昆仑芯片百度已做了十年，因为当初做搜索，买芯片太贵了，2万美元一片，自己做2万人民币就可以，就逼着自己做出来了。 顺着“十年”这个时间点回望，可以发现，早在2011年，百度内部就已秘密启动FPGA（现场可编程门阵列） AI加速器项目。FPGA是一种可通过软件重新配置逻辑结构的芯片形态，介于通用CPU和专用ASIC之间，不需要一次性流片，研发风险低，而且设计周期短、灵活性极高。也正是在当年6月，昆仑芯的前身星云融创（北京）科技有限公司注册成立。 转折点发生在2018年，百度从FPGA转向AI芯片研发。这一年，人工智能的高速发展引领中国GPU服务器市场的高速增长，当年中国GPU服务器市场规模为13.05亿美元，同比增长131.2%。在政策指引和市场催化下，伴随人工智能和国产替代两股交缠的浪潮，以AI为卖点的国产GPU初创公司如雨后...

The Chinese University of Hong Kong (CUHK) will dip into its reserves to repay a HK$4 billion (US$510.9 million) government loan owed by its debt-ridden private hospital, the institution’s council chairman has said. The finances of CUHK Medical Centre were on the agenda of Friday’s Legislative Council health panel meeting, but the discussion was rescheduled because the time was used up for other matters. Speaking to media after the meeting, council chairman John Chai Yat-chiu said his...

A US$30 million carbon credit deal by tech giant Amazon with India’s Good Rice Alliance will boost carbon markets globally, according to experts, potentially showing agriculture – as well as industry – can be at the heart of emission reductions. The organisation, primarily backed by Bayer and in collaboration with GenZero and Shell, is designed to transform emissions-heavy rice cultivation in India through scientific advances. It helps thousands of smallholder farmers adopt climate-smart growing...

Key PointsIf you're 100% risk-averse, a CD can provide peace of mind.

Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks to buy for the next 15 years. On May 5, Broadcom announced the launch of VMware Cloud Foundation/VCF 9.1, a unified private cloud platform designed to provide a secure and cost-effective infrastructure for production AI. This updated version addresses the growing industry shift toward private cloud […]

Broadcom (AVGO) Launches VCF 9.1 to Accelerate Production AI in Private Clouds Yahoo Finance

Jeffrey Gundlach, the DoubleLine Capital CEO known as the “Bond King,” has spent recent months hammering one message across his webcasts, CNBC appearances, and social posts: U.S. federal debt is on an unsustainable trajectory, some form of fiscal reckoning or debt restructuring is a credible tail risk, and the dollar is structurally vulnerable. He has ... Jeffrey Gundlach’s Debt Restructure Trade: 2 Stocks and 2 ETFs Built for the Storm

TTaiwan Semiconductor(TSM) Unveils A13 Process Node to Boost AI, HPC Performance Yahoo Finance

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) is one of the best stocks to buy for the next 15 years. On April 23, TSMC unveiled its latest semiconductor innovation, the A13 process, at the 2026 North America Technology Symposium. Positioned as a direct shrink of the A14 node, the A13 technology offers a 6% reduction in […]

It’s no fun living through the global energy shock and growing economic crisis that has ensued since the conflict choked off shipping through the Strait of Hormuz. But it can be enlightening to play through the new game Bottleneck that forces players to choose among the 2,000 ships still stuck in and around the strait—all while actual news reports and real maritime transit data help tell the story of the unfolding events. The free browser-based game challenges players to act as a fictional maritime coordinator by selecting a handful of ships that get to pass through the strait each day. Most decisions come with serious costs or trade-offs, whether it’s paying the toll imposed by the Iranian government that has claimed authority over the strait or antagonizing Iran or the United States while pushing either side toward widening the war. Failure to push through enough specific shipments can spark individual crises involving the price of oil, food, and water security, and a countdown to famine in many countries. “The game does not ask whether you are smart enough to solve the crisis,” said Jakub Gornicki , the journalist and artist who developed the game, in a post . “It asks what kind of damage you choose when every option has a cost.” Read full article Comments

Microsoft Corporation (NASDAQ:MSFT) is one of the best stocks to buy for the next 15 years. On May 5, Microsoft partnered with the Center for AI Standards and Innovation/CAISI in the US and the AI Security Institute/AISI in the UK to advance frontier model testing. This collaboration combines government national security expertise with Microsoft’s global […]

Microsoft (MSFT) Partners With CAISI, AISI to Advance AI Model Testing Standards Yahoo Finance

Mitsubishi Motors press release ( MMTOF ): FY diluted EPS ¥7.48. Net sales of ¥2.897T (+3.9 Y/Y). More on Mitsubishi Motors Corporation Historical earnings data for Mitsubishi Motors Corporation Financial information for Mitsubishi Motors Corporation

何瑞安说，如果美国逐渐接受中美的科技竞争，将在两条平行赛道上长期并行发展的认知，更能为有意义的对话创造条件 【财新网】 5月7日，在英国伦敦举行的“ 第二届财新伦敦大西洋对话 ”上，美国智库布鲁金斯学会的约翰·桑顿中国中心主任何瑞安（Ryan Hass）表示，过去数年里，美国“严重损害了自身最根本的力量来源”，包括全球联盟体系、吸引人才能力以及美国的国内活力。 他还认为，美国未来仍有机会重新调整其对华战略，并在未来重新界定美国的对华政策目标。 本届的财新伦敦大西洋对话，以“从太平洋到大西洋：顺应演变中的世界格局”为主题，在英国伦敦金丝雀码头举行。

Dilok Klaisataporn/iStock via Getty Images Brookfield Asset Management ( BAM ) stock rose 1.2% in Friday premarket trading after the asset manager said it expects 2026 growth to exceed its long-term targets after it delivered strong Q1 earnings. "Both our infrastructure and private equity flagships that are currently in the market are expected to be their largest vintages ever," said CEO Connor Teskey. "We are also benefiting from both the acquisition of Oaktree and the recently awarded Just Group investment mandate, which started in the second quarter." Q1 distributable EPS of $0.43, beating the average analyst estimate of $0.42, rose from $0.47 in Q4 2025 and $0.40 in last year’s Q1. Fee-related earnings of $772M, vs. the Visible Alpha consensus of $788M, dropped from $867M in the prior quarter and increased from $698M a year ago. Q1 revenue of $1.34B, lagging the $1.45B consensus, decreased from $1.39B in Q4 and rose from $1.08B in Q1 2025. Management and incentive fee revenue of $990M slipped from $1.09B in the previous quarter and grew from $954M in the year-ago period. Brookfield Asset Management ( BAM ) organically raised $21B of capital during the quarter, including $13B within credit, $3.4B within infrastructure, $1.4B within private equity, and $B within real estate. That compared with fundraising of $35B in Q4. It deployed $20B of capital during the quarter vs. $13B in the prior quarter. The company also monetized or agreed to sell $8B of investments in the quarter vs. $46B in the prior quarter. Brookfield ( BAM ) has $137B of uncalled commitments, also called "dry powder," that’s ready to deploy vs. $134B at the end of Q4. Q1 expenses of $733M rose from $490M in the prior quarter and $502M a year ago. Conference call at 10:00 AM ET. More on Brookfield Asset Management Ltd. Brookfield: Finding The Right Mix Of Capital Growth, Hard Assets, And High Margins Brookfield Asset Management: 15% Dividend Hike, Record AUM, Big Yield Brookfield Asset Management: Go...

Sylvamo press release ( SLVM ): Q1 Non-GAAP EPS of -$0.53 misses by $0.26 . Revenue of $755M (-8.0% Y/Y) beats by $15.15M . Europe - $(44) million compared with $(29) million in the fourth quarter of 2025. Losses were higher due to lower sales price and mix and higher operating and input costs. Latin America - $4 million compared with $37 million in the fourth quarter of 2025. Earnings were lower due to lower sales mix, lower volumes, higher operating costs and higher planned maintenance outages. More on Sylvamo Sylvamo: May Take A Year To Reposition For Growth, Buy For The Dividend Sylvamo Corporation (SLVM) Q4 2025 Earnings Call Transcript Sylvamo Corporation 2025 Q4 - Results - Earnings Call Presentation Top 10 material stocks with highest dividend yield amid volatile markets Sylvamo outlines $300M+ free cash flow potential as Eastover investments drive 2026 transition

Amazon.com Inc. (NASDAQ:AMZN) is one of the best stocks to buy for the next 15 years. On May 5, Amazon announced plans to invest more than €15 billion in France between 2026 and 2028, marking its largest investment in the country to date. This capital will be directed toward expanding logistics infrastructure, enhancing cloud computing […]

Is Amazon.com (AMZN) One of the Best Stocks to Buy for the Next 15 Years? Yahoo Finance

Is Amazon.com (AMZN) One of the Best Stocks to Buy for the Next 15 Years? Yahoo Finance Singapore

格隆汇5月8日丨美联储理事米兰：仍然倾向于提前降息。

格隆汇5月8日丨上交所就*ST高科股价异常波动相关事项下发监管工作函，涉及对象：上市公司，董事，高级管理人员，控股股东及实际控制人。

chaofann/iStock via Getty Images Written by Jussi Askola for High Yield Investor The valuation of the broader stock market is today historically high, with the S&P 500 ( SPY ) trading at 30x earnings, nearly double its historic mean. Multipl According to Warren Buffett's favorite valuation metric, the stock market is today actually more expensive than ever before. It is 75% above the long-term trend line, as you can see below: Current Market Valuation That's despite living through extremely uncertain times with major wars being fought in Europe and the Middle East and the high risk of facing a Third World War if and when China invades Taiwan, as it is threatening to do. Oil prices are also nearing $120 per barrel, and the global economy is on shaky legs. Governments are also more indebted than ever, even as they keep spending like there is no tomorrow, with the US expected to run a near $2 trillion deficit in 2026, a near-record high outside of the pandemic. And that's not all. I fear that the AI revolution could also lead to a difficult transition period with far more jobs being eliminated than created over the short run, potentially hurting the economy. Moreover, as we have discussed previously , we fear that AI could end up hurting lots of businesses as it breaks barriers to entry, leading to far more competition and lower profits. We believe that SaaS companies were just the first domino to fall, with many sectors expected to follow a similar path as AI models get better and are implemented across the economy: Data by YCharts For all these reasons, I think that the risk-to-reward of the broader equity market isn't particularly attractive today, and being selective with your investments is more important than ever before. However, for those who are willing to dig below the surface, some very interesting opportunities still remain in niche sectors that are often overlooked and/or misunderstood by generalist investors. These are some of the most undervalued segment...

Adam Gault/OJO Images via Getty Images The commodity supercycle thesis is everywhere right now. Bank of America’s Michael Hartnett, one of the most widely read strategists on Wall Street, recently declared “commodities the biggest trade of the next five years,” anchoring the call on deglobalization, chronic capital underinvestment, and a world drifting away from dollar dominance. As is often the case, the narrative is extremely compelling. However, it’s also internally contradictory in ways that most investors aren’t stopping to examine. After three decades of managing money, I have learned to be the most skeptical of the trades that feel the most inevitable. That skepticism isn’t contrarianism for its own sake, but rather the recognition that when a thesis achieves consensus, the crowd has usually already priced the easy part of the move, and the hard part is what comes next. The commodity supercycle argument has real structural legs. But it also carries a reflexivity problem, a dollar-mechanics problem, and a catastrophist assumption problem that, taken together, make the clean “go long commodities” conclusion far messier than the headline suggests. Let’s work through each one carefully and, as always, with the data. The Reflexivity Problem: When the Trade Defeats Itself The most straightforward critique of any commodity supercycle thesis is that a sustained commodity rally is, by definition, inflationary. And sustained inflation is demand destruction. Before we get to the counterarguments (there are legitimate ones) , it’s worth mapping out the feedback loop precisely, because the mechanism is more complex than the simple “inflation is bad for growth” headline suggests. Commodity bulls offer a legitimate counterargument here. First, they distinguish between demand-pull inflation, where a hot economy bids up prices, and supply-constrained inflation. The latter is where chronic underinvestment means the world can’t produce enough regardless of demand levels. Hartne...

I’ll cut to the chase. Intel (NASDAQ: INTC) has been one of the most extraordinary turnaround stories of the past year, with shares up 466.75% over the trailing 12 months and 206.26% year to date. But after that run, the math is stretched. Our 24/7 Wall St. price target for Intel is $88.66, which implies ... Price Prediction: Intel Stock Surge Hides Risk of Sharp Drop Ahead

The Star Wars actor apologised and deleted the post, which contained an AI image of the president in a shallow grave.

QUALCOMM Incorporated stock (US7475251036): Shares jump on AI chip deal and earnings beat AD HOC NEWS