European nations wanted more merit-based prize money High costs of travel and hotels will exceed Fifa payouts A number of leading European countries still expect to lose money at the World Cup despite Fifa increasing the prize and participation fund by $112m (£82m) this week. The main host federation, US Soccer, is also understood to be forecasting an operational loss on the tournament, although t...
European nations wanted more merit-based prize money High costs of travel and hotels will exceed Fifa payouts A number of leading European countries still expect to lose money at the World Cup despite Fifa increasing the prize and participation fund by $112m (£82m) this week. The main host federation, US Soccer, is also understood to be forecasting an operational loss on the tournament, although that will be more than offset by a projected $100m windfall from a revenue-sharing agreement from ticket sales with Fifa that will also benefit the two other co-hosts, Canada and Mexico. Continue reading...
President Donald Trump says he will increase tariffs on cars and trucks from the European Union to 25%, claiming the bloc is not complying with a trade agreement. (Source: Bloomberg)
President Donald Trump says he will increase tariffs on cars and trucks from the European Union to 25%, claiming the bloc is not complying with a trade agreement. (Source: Bloomberg)
Bloomberg's James Crombie and Davide Scigliuzzo joins Scarlet Fu on "Bloomberg Real Yield." Milken Institute Global Conference marks a potential inflection point for private credit as global and financial leaders meet in Beverly Hills next week. (Source: Bloomberg)
Bloomberg's James Crombie and Davide Scigliuzzo joins Scarlet Fu on "Bloomberg Real Yield." Milken Institute Global Conference marks a potential inflection point for private credit as global and financial leaders meet in Beverly Hills next week. (Source: Bloomberg)
Mona Yacoubian, Director of the Middle East Program at the Center for Strategic and International Studies, discusses the ongoing diplomatic deadlock regarding the closure of the Strait of Hormuz. Despite the president's statement that there is no current reason to engage in direct talks due to a lack of breakthrough, the situation remains tense with the strait fully shut down. Yacoubian highlights...
Mona Yacoubian, Director of the Middle East Program at the Center for Strategic and International Studies, discusses the ongoing diplomatic deadlock regarding the closure of the Strait of Hormuz. Despite the president's statement that there is no current reason to engage in direct talks due to a lack of breakthrough, the situation remains tense with the strait fully shut down. Yacoubian highlights that the president has received military options from CENTCOM, including the possibility of limited but forceful strikes aimed at breaking the stalemate and compelling Iran to negotiate. However, it remains uncertain whether such military action would succeed in advancing diplomatic efforts. The segment underscores the precarious balance between peace and conflict as the standoff continues into the weekend. (Source: Bloomberg)
Police say New IRA may have been behind attack on Dunmurry station as suspect due in court A 66-year-old man has been charged with several offences, including attempted murder, after a car bombing that targeted a Northern Irish police station. The attack took place on the night of 25 April outside Dunmurry police station, located to the south-west of Belfast. Police have said they believe the New ...
Police say New IRA may have been behind attack on Dunmurry station as suspect due in court A 66-year-old man has been charged with several offences, including attempted murder, after a car bombing that targeted a Northern Irish police station. The attack took place on the night of 25 April outside Dunmurry police station, located to the south-west of Belfast. Police have said they believe the New IRA may have been responsible. Continue reading...
Key PointsMortgage rates have risen over the last month as investors bet that the extended closure of the Strait of Hormuz could lead to inflation and higher interest rates.
Key PointsMortgage rates have risen over the last month as investors bet that the extended closure of the Strait of Hormuz could lead to inflation and higher interest rates.
Earnings Call Insights: Ryman Hospitality Properties (RHP) Q1 2026 Management View "We delivered a strong start to the year with results that exceeded our expectations despite the complex geopolitical backdrop," said (Executive Chairman Colin Reed), adding, "In our same-store hospitality business, we grew revenue and market share and expanded margin on slightly fewer room nights." "Gaylord Oprylan...
Earnings Call Insights: Ryman Hospitality Properties (RHP) Q1 2026 Management View "We delivered a strong start to the year with results that exceeded our expectations despite the complex geopolitical backdrop," said (Executive Chairman Colin Reed), adding, "In our same-store hospitality business, we grew revenue and market share and expanded margin on slightly fewer room nights." "Gaylord Opryland delivered record first quarter revenue and adjusted EBITDAre Gaylord Rockies delivered record first quarter revenue, and Gaylord Palms delivered record revenue and adjusted EBITDAre of any quarter in its history," said (Executive Chairman Reed). "Same-store ADR increased just over 5% year-over-year, more than offsetting lower group occupancy," said (President, CEO & Director Mark Fioravanti), and added, "Banquet Navy revenue contribution per group room night increased more than 6% year-over-year with gains at nearly every property in the portfolio." "Growth group room nights booked in the first quarter for all periods increased nearly 27% year-over-year representing the strongest first quarter production since 2018," said (CEO Fioravanti), adding, "Reflecting our continued focus on premium corporate groups, corporate bookings comprised approximately 2/3 of production." "We were excited to announce just this week a development partnership with the organization behind the NBA Pacers and the WNBA Fever," said (Executive Chairman Reed) about Ole Red Indianapolis, adding, "This announcement marks our third development update this year." "We ended the first quarter with $424 million of unrestricted cash on hand" and "total available liquidity of approximately $1.35 billion," said (Executive VP, CFO & Chief Accounting Officer Jennifer Hutcheson). Outlook "We are raising the midpoints of our guidance ranges to reflect the first quarter hospitality outperformance," said (CEO Fioravanti), adding, "Our outlook for the rest of the year is essentially unchanged from our prior expectat...
Earnings Call Insights: OneMain Holdings (OMF) Q1 2026 Management view "Capital generation was $194 million in the quarter," said Chairman, President & CEO Douglas Shulman, adding, "C&I adjusted earnings were $1.95 per share, up 13% year-over-year" and "Total revenue and receivables each grew 6% year-over-year." "Credit performance was very good and continues to track well against our expectations...
Earnings Call Insights: OneMain Holdings (OMF) Q1 2026 Management view "Capital generation was $194 million in the quarter," said Chairman, President & CEO Douglas Shulman, adding, "C&I adjusted earnings were $1.95 per share, up 13% year-over-year" and "Total revenue and receivables each grew 6% year-over-year." "Credit performance was very good and continues to track well against our expectations, both for delinquencies and losses," said Chairman, President & CEO Douglas Shulman. "Our 30 to 89 delinquency declined year-over-year improving on last quarter's slight increase" and "C&I net charge-offs were 8.4%, in line with expectations." On newer businesses, Chairman, President & CEO Douglas Shulman said, "Receivables grew 14% year-over-year to $2.8 billion" in auto finance, and in credit cards, "receivables increasing 45% year-over-year to just under $1 billion, and customer accounts are up 40% year-over-year to nearly 1.2 million." On capital returns, Chairman, President & CEO Douglas Shulman said, "Our regular dividend, which is currently $4.20 per share on an annual basis, represents a 7% yield at today's share price," and "In the first quarter, we repurchased 1.9 million shares for $105 million." "We delivered revenue growth, credit performance and capital generation in the quarter that was right in line with our expectations," said Executive VP & CFO Jenny Osterhout, adding, "Funding was once again a highlight as we further strengthened our balance sheet and access markets favorably even in a challenging environment." Outlook "We are reiterating our 2026 guidance that we provided last quarter," said Executive VP & CFO Jenny Osterhout. "For full year 2026, we expect to grow managed receivables in the range of 6% to 9%" and "We expect C&I net charge-offs in the range of 7.4% to 7.9%." "We expect our full year operating expense ratio to be approximately 6.6%," said Executive VP & CFO Jenny Osterhout, adding, "All of this supports the strong capital generation of t...
Earnings Call Insights: Weyerhaeuser (WY) Q1 2026 Management View "Yesterday, Weyerhaeuser reported first quarter GAAP earnings of $156 million or $0.22 per diluted share, net sales of $1.7 billion," said (President, CEO & Director Devin Stockfish), adding, "Excluding special items, we earned $77 million or $0.11 per diluted share" and "Adjusted EBITDA totaled $308 million, a 120% increase over th...
Earnings Call Insights: Weyerhaeuser (WY) Q1 2026 Management View "Yesterday, Weyerhaeuser reported first quarter GAAP earnings of $156 million or $0.22 per diluted share, net sales of $1.7 billion," said (President, CEO & Director Devin Stockfish), adding, "Excluding special items, we earned $77 million or $0.11 per diluted share" and "Adjusted EBITDA totaled $308 million, a 120% increase over the fourth quarter." "In February, we completed the divestiture of non-core Timberlands in Virginia for $192 million," (CEO Stockfish) said, and "in April, we received $22 million in proceeds following the transfer of our timber licenses in British Columbia to the buyer of our Princeton Mill." "We were excited to preview 2 new products, AeroStrand and ProPanel at the International Builders' Show in February," (CEO Stockfish) said, while also noting distribution expansion: "With these new facilities, our distribution network expands to 22 locations." "We ended the quarter with approximately $300 million of cash and total debt of $5.4 billion," said (Senior VP & CFO David Wold). "During the quarter, we repaid our $150 million, 7.7% notes at maturity" and "Capital expenditures were $112 million in the first quarter, which includes $30 million related to the construction of our EWP facility in Arkansas." Outlook "In our Timberlands business, we expect second quarter earnings before special items and adjusted EBITDA to be comparable to the first quarter of 2026," (CFO Wold) said, while flagging cost pressure: "export costs have increased in response to the Middle East conflict" and "per unit log and haul costs are expected to increase... in response to elevated fuel costs." "We continue to expect full year adjusted EBITDA of approximately $425 million" for Strategic Land Solutions, (CFO Wold) said, and "Basis... is expected to be between 20% to 30% for the year." For SLS quarter-to-quarter, (CFO Wold) said, "For the second quarter, we expect SLS adjusted EBITDA will be approximate...
mikkelwilliam As part of the company’s push to develop humanoid robots, Meta Platforms ( META ) has acquired AI startup Assured Robot Intelligence. Assured Robot Intelligence “is at the frontier of robotic intelligence designed to enable robots to understand, predict, and adapt to human behaviors in complex and dynamic environments,” the company’s website states. Financial terms of the acquisition...
mikkelwilliam As part of the company’s push to develop humanoid robots, Meta Platforms ( META ) has acquired AI startup Assured Robot Intelligence. Assured Robot Intelligence “is at the frontier of robotic intelligence designed to enable robots to understand, predict, and adapt to human behaviors in complex and dynamic environments,” the company’s website states. Financial terms of the acquisition were not disclosed. The San Diego-based staff of Assured Robot Intelligence will join Meta’s Superintelligence Labs research division. The team will capitalize on Meta’s advances in AI, augmented and virtual reality to further the advancement of humanoid robots. “We believe that expanding our portfolio to invest in [humanoid robots] will only accrue value to Meta AI and our mixed and augmented reality programs,” Meta CTO and Reality Lab chief Andrew Bostworth said to Bloomberg last February. More on Meta Meta Platforms: What You Buy For AI Technology Growth Meta Q1 2026 Earnings: Nothing To Complain About Meta Q1 Review: Investors Hate Capex When They Should Love It Sphere Entertainment, Telesat top communications services stocks in short interest; Alphabet sees the lowest exposure Cathie Wood buys Meta, Alphabet stocks, dumps AMD