Donny DBM/iStock via Getty Images Highlights During the first quarter of 2026, the largest portfolio sector weightings were Industrials and Health Care. The largest sector overweight was Industrials and the largest sector underweight was Information Technology. The Information Technology and Consumer Staples sectors contributed to relative performance while Health Care and Financials were among se...
Donny DBM/iStock via Getty Images Highlights During the first quarter of 2026, the largest portfolio sector weightings were Industrials and Health Care. The largest sector overweight was Industrials and the largest sector underweight was Information Technology. The Information Technology and Consumer Staples sectors contributed to relative performance while Health Care and Financials were among sectors that detracted from relative performance. Market Environment U.S. equities endured a turbulent first quarter, with the S&P 500 Index declining 4.33% as two distinct forces converged to reshape the investment landscape. The period began with a sharp recalibration across the software industry, as the emergence of agentic artificial intelligence ( AI ) tools raised questions about the durability of traditional software business models. Investors moved swiftly to reprice companies most exposed to AI disruption, triggering a broad sell-off that weighed heavily on the technology-heavy corners of the market. The dislocation also spilled into private credit, where several firms with outsized exposure to software faced redemption pressures. Despite this turbulence, the underlying economy remained strong through the opening months of the year — consumers continued to spend, and expectations held firm for another quarter of solid earnings growth within the S&P 500 Index. The second, and more consequential, disruption arrived in late February with the outbreak of the U.S.–Iran conflict and the subsequent closure of the Strait of Hormuz — a critical chokepoint through which roughly 20% of the world's seaborne oil transits. The resulting supply shock sent crude prices surging past $100 per barrel for the first time in four years, injecting potential inflationary pressure into an economy the Federal Reserve (Fed) had been carefully guiding lower. Higher energy costs complicated the Fed's rate-cutting path; markets entered the quarter pricing in two rate cuts in 2026 but exited with ...
(RTTNews) - Amazon.com Inc. (AMZN), on Monday announced the launch of Amazon Supply Chain Services, expanding its logistics network to businesses of all types and sizes.
(RTTNews) - Amazon.com Inc. (AMZN), on Monday announced the launch of Amazon Supply Chain Services, expanding its logistics network to businesses of all types and sizes.
GameStop has offered to buy ecommerce giant eBay for $55.5 billion, a tie-up that the video game retailer’s boss believes could produce a “legit competitor” to Amazon.
GameStop has offered to buy ecommerce giant eBay for $55.5 billion, a tie-up that the video game retailer’s boss believes could produce a “legit competitor” to Amazon.
Green Sky Capital signed financing for a sustainable fuel facility in Egypt, joining other regional players in backing the project as airlines look for ways to diversify their energy requirements. The facility in the Suez Canal Economic Zone is set to produce as much as 200,000 tons of biofuels a year, including sustainable aviation fuel, hydro-treated vegetable oil, bio propane and bio naphtha, a...
Green Sky Capital signed financing for a sustainable fuel facility in Egypt, joining other regional players in backing the project as airlines look for ways to diversify their energy requirements. The facility in the Suez Canal Economic Zone is set to produce as much as 200,000 tons of biofuels a year, including sustainable aviation fuel, hydro-treated vegetable oil, bio propane and bio naphtha, according to a statement on Monday. The project is backed by Qatari Al Mana Holding and Saudi Vision Invest and signed an agreement with Shell Plc about five months ago. Qatar announced a $200 million investment in the project late last year, which is expected to start commercial operations by the end of 2027. The aviation industry aims to move to fully sustainable fuel sources by 2050, a target that has become increasingly doubtful as availability of alternative fuels remains scarce and costs are high. The war in Iran has given alternative fuels fresh impetus as costs for traditional kerosene surge, putting pressure on airlines, as fuel is one of their biggest single expenses. Green Sky Capital is a sustainable aviation fuel platform developing renewable fuel projects across Middle East and North Africa. It’s backed by a consortium of sponsors with track records in infrastructure, energy and industrial development, according to its LinkedIn profile.
Aura Biosciences ( AURA ) Monday said that Natalie Holles has been appointed CEO and President, effective April 30. Holles succeeds founder Elisabet de los Pinos, who stepped down from the roles the same date. The company also announced it has enrolled 86 patients in Phase 3 CoMpass trial with 25+ additional patients identified. With this update, Aura Biosciences ( AURA ) reiterates its guidance t...
Aura Biosciences ( AURA ) Monday said that Natalie Holles has been appointed CEO and President, effective April 30. Holles succeeds founder Elisabet de los Pinos, who stepped down from the roles the same date. The company also announced it has enrolled 86 patients in Phase 3 CoMpass trial with 25+ additional patients identified. With this update, Aura Biosciences ( AURA ) reiterates its guidance to enrollment completion by mid-2026 and topline data from the CoMpass trial in the second half of 2027. More on Aura Biosciences Seeking Alpha’s Quant Rating on Aura Biosciences Historical earnings data for Aura Biosciences Financial information for Aura Biosciences
Suphanat Khumsap Oil prices climbed about 4.7% on Monday, recovering from earlier declines as geopolitical risks in the Middle East continued to dominate sentiment, particularly with no breakthrough in U.S.-Iran negotiations and ongoing disruptions in the Strait of Hormuz. Brent crude rose 4.7% to $113.31 a barrel in morning trading, after falling $2.23 in the previous session. U.S. West Texas Int...
Suphanat Khumsap Oil prices climbed about 4.7% on Monday, recovering from earlier declines as geopolitical risks in the Middle East continued to dominate sentiment, particularly with no breakthrough in U.S.-Iran negotiations and ongoing disruptions in the Strait of Hormuz. Brent crude rose 4.7% to $113.31 a barrel in morning trading, after falling $2.23 in the previous session. U.S. West Texas Intermediate gained roughly 4.7%, to $102.94 a barrel, following a $3.13 drop on Friday. Market participants remain focused on the critical shipping corridor at the Strait of Hormuz, where constrained traffic is supporting prices. President Donald Trump said Washington would move to help vessels stranded in the waterway, though that step did little to ease concerns. Prices held above $100 a barrel as the absence of a diplomatic resolution kept supply risks front and center. Iran’s military warned U.S. forces against entering the strait, saying it would respond forcefully to any perceived threat, underscoring the fragile security situation. Talks between Washington and Tehran continued over the weekend, with both sides reviewing proposals. While Trump has pushed for a nuclear agreement, Iran has indicated it wants to delay such discussions until after the conflict and prioritize lifting restrictions affecting Gulf shipping. Adding to the tension, a tanker reported being struck by unidentified projectiles near Fujairah in the United Arab Emirates, according to the United Kingdom Maritime Trade Operations agency. On the supply side, OPEC and its allies said Sunday they would increase output targets by 188,000 barrels per day in June for seven member countries, marking a third straight monthly hike. The increase mirrors May’s adjustment, excluding the United Arab Emirates, which exited the group at the start of the month. Even so, traders expect much of the additional supply to remain theoretical for now, as ongoing conflict continues to disrupt flows through the Gulf, limiting th...
GameStop CEO Ryan Cohen's unprecedented $56 billion takeover bid for the much larger eBay drew skepticism from investors and analysts on Monday, with shares in the online retailer trading much below the offer price. GameStop disclosed over the weekend it has already built a 5% stake in eBay and touted $20 billion in potential debt financing from TD Securities to convince shareholders of the deal....
GameStop CEO Ryan Cohen's unprecedented $56 billion takeover bid for the much larger eBay drew skepticism from investors and analysts on Monday, with shares in the online retailer trading much below the offer price. GameStop disclosed over the weekend it has already built a 5% stake in eBay and touted $20 billion in potential debt financing from TD Securities to convince shareholders of the deal. Cohen argued he could replicate his cost-cutting playbook at GameStop to boost eBay's profitability, while tapping GameStop's around 1,600 U.S. stores into a physical network to make eBay a better competitor to Amazon .
Cerebras Systems Inc. is seeking to raise as much as $3.5 billion in an initial public offering, as the artificial intelligence chipmaker and data center operator looks to counter rivals in the red-hot sector. The Sunnyvale, California-based company is offering 28 million shares for $115 to $125 each, according to its filing with the US Securities and Exchange Commission, confirming an earlier Blo...
Cerebras Systems Inc. is seeking to raise as much as $3.5 billion in an initial public offering, as the artificial intelligence chipmaker and data center operator looks to counter rivals in the red-hot sector. The Sunnyvale, California-based company is offering 28 million shares for $115 to $125 each, according to its filing with the US Securities and Exchange Commission, confirming an earlier Bloomberg News report. Cerebras filed confidentially for a listing earlier this year, months after withdrawing a previous registration. The banks on the deal have already received indications of interest in excess of $10 billion worth of potential orders, people familiar with the matter said earlier. Cerebras is part of a growing cohort of companies seeking to challenge Nvidia Corp. , the clear market leader in chipmaking. Cerebras makes large chips that it says help the bespoke computers that house them to crush massive amounts of data. Its hardware runs AI models faster than Nvidia, according to the company’s Chief Executive Officer Andrew Feldman . The listing comes as US IPO activity is surging ahead of what could be the biggest listing of all time, if SpaceX raises the $75 billion it’s been targeting . Listings have raised $17.6 billion on US exchanges this year, excluding blank-check companies and other financial vehicles, versus nearly $10 billion in the same period last year, data compiled by Bloomberg show. Read More: Flurry of US IPOs Race to Tap Market Ahead of SpaceX Debut Cerebras has ties to several of the top names in AI. Earlier this year, Amazon.com Inc. said it plans to use Cerebras’ chips alongside its own Trainium processors to run AI software, marking the first of the major hyperscalers to commit to using the firm’s products. The firm in January signed a $20 billion multi-year deal with OpenAI, which will use its hardware for 750 megawatts’ of computing power. In February, OpenAI released its first AI model running on Cerebras. OpenAI has also lent Cerebra...
Some state healthcare sites sent personal information — location, race, immigration data — to TikTok, Meta and other big tech companies. Experts say existing privacy laws aren’t enough.
Some state healthcare sites sent personal information — location, race, immigration data — to TikTok, Meta and other big tech companies. Experts say existing privacy laws aren’t enough.
(Bloomberg) -- After a remarkably successful effort to extinguish diversity, equity and inclusion programs at US employers, federal officials are stepping up their push against corporate America’s remaining DEI initiatives.Most Read from BloombergBeijing Tells China Firms to Ignore US Sanctions on RefinersSupertanker Appears to Have Crossed the Strait of HormuzWorld’s Largest Container Carrier Pla...
(Bloomberg) -- After a remarkably successful effort to extinguish diversity, equity and inclusion programs at US employers, federal officials are stepping up their push against corporate America’s remaining DEI initiatives.Most Read from BloombergBeijing Tells China Firms to Ignore US Sanctions on RefinersSupertanker Appears to Have Crossed the Strait of HormuzWorld’s Largest Container Carrier Plans Route Avoiding HormuzFormer NYC Mayor Giuliani in Critical Condition, Trump SaysPhilippines Says
Alphabet, Amazon, Apple, Qualcomm, and Caterpillar all topped Q1 2026 estimates, with standout results in cloud, AI infrastructure, and automotive revenue growth.
Alphabet, Amazon, Apple, Qualcomm, and Caterpillar all topped Q1 2026 estimates, with standout results in cloud, AI infrastructure, and automotive revenue growth.