California Resources press release ( CRC ): Q1 Non-GAAP EPS of $0.88 misses by $0.02 . Revenue of $119M (-87.0% Y/Y) misses by $826.4M . 2026 Guidance Highlights Increased mid-point of expected Berry merger annual synergy target range by 12% to $90 - $100 million
California Resources press release ( CRC ): Q1 Non-GAAP EPS of $0.88 misses by $0.02 . Revenue of $119M (-87.0% Y/Y) misses by $826.4M . 2026 Guidance Highlights Increased mid-point of expected Berry merger annual synergy target range by 12% to $90 - $100 million
American International Group ( AIG ) on Tuesday said it has agreed to sell about 25 million shares of common stock of Corebridge Financial ( CRBG ), representing its remaining stake in the company. The sale, which is expected to close on May 7, will result in net proceeds to AIG of approximately $710 million. Press release More on American International Group American International Group: Underwri...
American International Group ( AIG ) on Tuesday said it has agreed to sell about 25 million shares of common stock of Corebridge Financial ( CRBG ), representing its remaining stake in the company. The sale, which is expected to close on May 7, will result in net proceeds to AIG of approximately $710 million. Press release More on American International Group American International Group: Underwriting Proves Resilient Again In Q1 AIG outlines low to mid-teens 2026 net premiums written growth as dividend rises 11% to $0.50 AIG Q1 earnings beat, buoyed by surging underwriting income in general insurance unit
Earnings Snapshot (Seeking Alpha) More on Devon Energy Devon-Coterra Merger: Good And Bad Devon Energy: The Easy Money Has Been Made Devon Energy: Merger Deal, Iran War, Price Tailwinds Devon Energy upgraded at Raymond James on clearer path to close valuation gap Devon set to report Q1 results amid ongoing Coterra merger process
Earnings Snapshot (Seeking Alpha) More on Devon Energy Devon-Coterra Merger: Good And Bad Devon Energy: The Easy Money Has Been Made Devon Energy: Merger Deal, Iran War, Price Tailwinds Devon Energy upgraded at Raymond James on clearer path to close valuation gap Devon set to report Q1 results amid ongoing Coterra merger process
In a time when shoppers are dismayed by sticker shock across all types of stores, four companies will remain atop the best consumer stocks to buy in 2026 for their resilience, competitive moats, and ability to keep customers happy. Walmart (NASDAQ: WMT) , Costco (NASDAQ: COST) , PepsiCo (NASDAQ: PEP) , and Constellation Brands (NYSE: STZ) do more than just survive economic downturns; they are posi...
In a time when shoppers are dismayed by sticker shock across all types of stores, four companies will remain atop the best consumer stocks to buy in 2026 for their resilience, competitive moats, and ability to keep customers happy. Walmart (NASDAQ: WMT) , Costco (NASDAQ: COST) , PepsiCo (NASDAQ: PEP) , and Constellation Brands (NYSE: STZ) do more than just survive economic downturns; they are positioned to continue to grow through them. Back in December 2025, Walmart switched from the New York Stock Exchange (NYSE) to the Nasdaq to better align with its identity as a tech-driven, omnichannel retailer. Walmart has an impressive diversified portfolio ranging from groceries to household goods and even a rapidly growing advertising business. In this regard, Walmart competes directly with the behemoth Amazon . Walmart's financials are exceptional. In fiscal year 2026, the retailer reported a 4.7% increase in overall revenue, bringing the total to $713 billion. The global advertising business was the real star of the year, growing 46% to $6.4 billion. Walmart raised its quarterly dividend to $0.2475 per share, which works out to $0.99 per share per year. The company has now increased dividends for 53 consecutive years. Continue reading
Good morning . Iran’s foreign minister heads to Beijing as US downplays clashes with Tehran. Illegal lotteries are resurging worldwide. Travelers are hunting for “destination dupes” amid sky-high airfares. Listen to the day’s top stories . Market Snapshot S&P 500 7,259.22 +0.8% Brent Futures $110.48 -3.5% Indian Rupee $95.29 +0.2% Market data as of 05:04 PM ET. Data is subject to provider delays. ...
Good morning . Iran’s foreign minister heads to Beijing as US downplays clashes with Tehran. Illegal lotteries are resurging worldwide. Travelers are hunting for “destination dupes” amid sky-high airfares. Listen to the day’s top stories . Market Snapshot S&P 500 7,259.22 +0.8% Brent Futures $110.48 -3.5% Indian Rupee $95.29 +0.2% Market data as of 05:04 PM ET. Data is subject to provider delays. Iran’s Foreign Minister Abbas Araghchi is heading to Beijing for his first visit since the war to discuss the conflict with China, as the US says its ceasefire with Iran still holds despite recent clashes . Donald Trump called Xi Jinping “respectful” ahead of talks next week, while Abu Dhabi is said to be exploring new investments to bolster its defense capabilities. Mamata Banerjee rejected her election defeat in West Bengal, alleging irregularities during vote counting after Narendra Modi’s BJP ended her 15-year rule . Economists warn the results, like similar populist-driven upsets, may widen state deficits and spark a broader spending race ahead of future elections. The rupee touched a record low against the dollar as the war weighed on energy prices. Brazil Nears Its China Beef Quota in Big Shift to Trade Flow Read more Chip rally: AMD and Super Micro delivered upbeat forecasts driven by surging AI demand. AMD projected strong sales growth from data center customers as they seek Nvidia alternatives, while Super Micro signaled improving margins and better control over the costs of getting its powerful AI servers into customers’ hands. More tech news: Apple will let users swap out Siri for rival AI services like ChatGPT to power features across its software, people familiar said. Anthropic unveiled 10 new AI agents to handle financial services tasks, expanding its push into Wall Street with backing from Blackstone and Goldman Sachs. Meta is building an advanced “agentic” assistant for everyday tasks, the Financial Times reported. Thailand is eyeing about 400 billion baht...
Oaktree Capital Management cut the value of one of its private credit funds by almost 4% as the firm marked down its software assets. The $2.8 billion Oaktree Specialty Lending Corp. wrote down its performing software loans by about 3%, citing declines in similar publicly traded loans. “We believe that these markdowns generally are not indications of deteriorating fundamentals in the underlying po...
Oaktree Capital Management cut the value of one of its private credit funds by almost 4% as the firm marked down its software assets. The $2.8 billion Oaktree Specialty Lending Corp. wrote down its performing software loans by about 3%, citing declines in similar publicly traded loans. “We believe that these markdowns generally are not indications of deteriorating fundamentals in the underlying portfolio companies, but rather reflecting the repricing of risk in the broader markets,” Matt Pendo , president of the business development company, said on an earnings call Tuesday. The fund said total investment income fell about 10% to $70.4 million in the three months to March 31 compared with a year earlier, missing analyst estimates. It also cut its dividend to 34 cents a share from 40 cents in the prior quarter. Shares fell as much as 7% and closed more than 5% lower at $12.16. Private credit funds have been under scrutiny as advancements in artificial intelligence threaten to upend their bets on software, an industry that makes up a significant portion of lenders’ portfolios. AI Risk The Oaktree fund’s valuation markdowns excluded software assets that were no longer generating interest income, including loans to software company Pluralsight . After quarter-end, the fund sold a loan it had extended to another software business, Anthology, at a price “modestly” below its mark, which was at 40 cents on the dollar as of year-end. It also offloaded two of its under-performing loans, health care company Dominion Diagnostics and insurance marketing platform All Web Leads , adding that All Webs was bought by a strategic buyer with an “AI-focused value creation angle.” Oaktree has about 21% of the $2.8 billion fund marked as software and services, which the lender values at around $526 million, according to its earnings presentation. But it said 26% of its total portfolio is exposed to AI risk. Two software borrowers representing 2.9% of total investments at fair value are at...
IAMGOLD press release ( IAG ): Q1 GAAP EPS of $0.64 beats by $0.09 . Revenue of $1.03B (+115.9% Y/Y) beats by $52.89M . Revenues in the first quarter totaled $1,030.1 million from sales of 211,500 ounces at an average realized gold price1
IAMGOLD press release ( IAG ): Q1 GAAP EPS of $0.64 beats by $0.09 . Revenue of $1.03B (+115.9% Y/Y) beats by $52.89M . Revenues in the first quarter totaled $1,030.1 million from sales of 211,500 ounces at an average realized gold price1
Kimball Electronics press release ( KE ): Q3 Non-GAAP EPS of $0.33 misses by $0.01 . Revenue of $352.9M (-5.8% Y/Y) misses by $3.37M . Fiscal Year 2026 Guidance Net sales in the range of $1,400 - $1,460 million Adjusted operating income is
Kimball Electronics press release ( KE ): Q3 Non-GAAP EPS of $0.33 misses by $0.01 . Revenue of $352.9M (-5.8% Y/Y) misses by $3.37M . Fiscal Year 2026 Guidance Net sales in the range of $1,400 - $1,460 million Adjusted operating income is
Green party leader also accused of incorrectly stating he was a full member of the National Council of Hypnotherapy Zack Polanski falsely claimed to be a spokesperson for the British Red Cross while campaigning for Green party leadership, the charity has said. This was also mentioned on his personal website in 2020, where he said he was “really proud of the work we do”. Continue reading...
Green party leader also accused of incorrectly stating he was a full member of the National Council of Hypnotherapy Zack Polanski falsely claimed to be a spokesperson for the British Red Cross while campaigning for Green party leadership, the charity has said. This was also mentioned on his personal website in 2020, where he said he was “really proud of the work we do”. Continue reading...
Argentina’s credit score was upgraded by Fitch Ratings, signaling growing confidence in President Javier Milei’s push to overhaul the economy and secure financing to cover the country’s upcoming debt obligations. The South American nation was raised to B- from CCC+, six notches below investment grade, the ratings firm said in a statement on Tuesday. The outlook is stable. The move “reflects struct...
Argentina’s credit score was upgraded by Fitch Ratings, signaling growing confidence in President Javier Milei’s push to overhaul the economy and secure financing to cover the country’s upcoming debt obligations. The South American nation was raised to B- from CCC+, six notches below investment grade, the ratings firm said in a statement on Tuesday. The outlook is stable. The move “reflects structurally improved fiscal and external balances, progress on economic reforms, improved prospects for FX reserve accumulation and our expectation that the government will secure adequate financing to cover debt obligations,” analysts Christopher Dychala, Richard Francis and Shelly Shetty wrote in the statement. Milei’s administration has won over investors with a mix of aggressive fiscal adjustment, deregulation and steps to normalize Argentina’s monetary and exchange-rate regime. Markets have rallied sharply since Milei strengthened his position in Congress after October’s midterm elections, fueling expectations that his reform agenda can now move forward with fewer political obstacles. The ratings action also reflects a series of policy steps aimed at gradually restoring market access, including a $1 billion local-law bond issuance in December, a $3 billion repurchase agreement with international banks in January — the third such operation under Milei — and a broader push to rebuild foreign reserves at the central bank. Investors see the moves as critical to improving Argentina’s credit profile after years of defaults and capital controls. Bond yields in Argentina have fallen sharply from the distressed levels seen on the eve of the midterms, with yields on the 2035 global dollar bond now around 10%. Country risk — a measure of spreads over comparable US Treasuries calculated by JPMorgan’s EMBI index — dropped to the lowest in more than seven years, though a global repricing of risk following the war in Iran has since pushed it higher. Investors have been waiting for Argenti...
Earnings Call Insights: Energy Transfer (ET) Q1 2026 Management View "For the first quarter of 2026, we generated adjusted EBITDA of approximately $4.9 billion... DCF attributable to the partners of Energy Transfer, as adjusted, was approximately $2.7 billion" (Co-CEO Thomas Long).
Earnings Call Insights: Energy Transfer (ET) Q1 2026 Management View "For the first quarter of 2026, we generated adjusted EBITDA of approximately $4.9 billion... DCF attributable to the partners of Energy Transfer, as adjusted, was approximately $2.7 billion" (Co-CEO Thomas Long).