In this article CHDN Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:48 03:48 Why the Kentucky Derby is missing from prediction betting markets Morning Call The biggest horse race in the country, the Kentucky Derby, takes place Saturday in Louisville. If you're looking to make a wager on Kalshi, Polymarket or another prediction platform around the event — you're out of luck. There are no Kentucky Derby event contracts offered on the major prediction platforms, which host contracts on everything from sports outcomes to geopolitical events to reality TV show moments, but not horse racing . Bill Carstanjen, CEO of Churchill Downs, which owns the Kentucky Derby and the racetrack where it's held, told CNBC it's unlikely that horse racing will ever show up on prediction markets because the race track owners don't want it. "You need to actually go to us, those who own the race tracks, to cut a deal," Carstanjen said in an interview this week. "And from our perspective, that's not something we're interested in doing." watch now VIDEO 16:18 16:18 Churchill Downs CEO on how horseracing has escaped competitive threat of prediction markets CNBC Sport Horse racing has long been something of its own little fiefdom. Betting on the races, America's original form of sports betting dating back to the colonial era, enjoyed special status even before the Supreme Court in 2018 struck down a law that prevented states other than Nevada from offering sports betting. By law, under the Interstate Horseracing Act of 1978, offering wagers on horses requires explicit permission from the host race track, the horsemen's group made up of owners and trainers and the state racing commission where the race is held. That's left the burgeoning prediction markets industry on the outs. "Prediction markets are not something that that would be good for horse racing, or the economic paradigm under which our industry works, which involves funding purses for the winners of the horse race," C...

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The United Arab Emirates officially left the Organization of the Petroleum Exporting Countries this week after nearly six decades and quit the broader OPEC+ alliance as well. Its decision was based on national interest and its commitment to "meeting the market's pressing needs." The UAE's exit came at a time when countries are grappling with the oil supply disruption caused by the closure of the Strait of Hormuz. Notably, the UAE has long been OPEC's third-biggest producer, behind Saudi Arabia and Iraq. The UAE accounted for 12% of OPEC's total production in February, 8% of OPEC+'s total output and about 3% of global oil supply, according to S&P Global Energy. State-run ADNOC is targeting to raise its production capacity to 5M bpd by 2027, but this effort had been constrained by OPEC's quotas for its members. The most recent quota was a little over 3M bpd. "Without the constraints of OPEC quotas, the UAE can utilize its spare capacity to pump more oil for a faster and more constructive rebalancing," said Ellen Wald, nonresident senior fellow, Atlantic Council. "As a 'free agent' with significant spare capacity, ADNOC will be able to pursue new energy strategies and engage foreign investment," she added , mentioning options like building additional pipelines to bypass the Strait of Hormuz. Other countries that have left OPEC in the recent past are Qatar (in 2019), Indonesia (first in 2008, then again in 2016), Ecuador (in 2020) and Angola (in 2024). Here's a look at the UAE's journey in the oil cartel: Look back at UAE's membership (OPEC) More on Iran war 3 Market Predictions For May Fragmentation Within OPEC+: UAE Exit Signals Structural Shift In Oil Market Dynamics The UAE Leaves OPEC: Here's What It Could Mean Iran responds to U.S. proposals via Pakistani intermediaries U.S. seeks to deploy hypersonic missile for possible use against Iran

SanDisk reports better-than-expected earnings after a massive run fueled by AI data-center demand, tight supply, and rising storage prices.

NVIDIA (NasdaqGS:NVDA) AI server prices in China have almost doubled in recent weeks as export rules and tighter enforcement on grey-market chips restrict supply. Chinese buyers are facing new scarcity premiums for NVIDIA AI hardware, reflecting strong demand and limited access to advanced accelerators. Major U.S. tech customers, including Google and Amazon, are preparing to sell their own AI chips, adding new competition to NVIDIA in the accelerator market. NVIDIA is expanding its global...

格隆汇5月2日｜钻井数据公布后，WTI原油报103.01美元/桶，短线波动不大。

In this video, Motley Fool contributor Jason Hall takes a close look at the latest quarter for Starbucks (NASDAQ: SBUX) , easily the best in CEO Brian Niccol's tenure. And while customers are coming back, margins are getting squeezed. Watch the video for Jason's take on whether Niccol can get margins back on track. *Stock prices used were from the Morning of April 30, 2026. The video was published on May 1, 2026. Continue reading

格隆汇5月2日｜美国中央司令部：美国军队继续执行对伊朗的海上封锁。目前，已有45艘商船被指示掉头或返回港口。

Amazon’s cloud customers will need to wait several more months before the US tech company can repair war-damaged data centers and restore normal operations in the Middle East. The announcement comes two months after Iranian drone strikes targeted three Amazon data centers in the United Arab Emirates and Bahrain—meaning that full recovery from the cloud disruption could take nearly half a year in all. The Amazon Web Services (AWS) dashboard posted an April 30 update describing how its UAE and Bahrain cloud regions “suffered damage as a result of the conflict in the Middle East” and are unable to support customer applications. The update also said that “relevant billing operations are currently suspended while we restore normal operations” in a process that “is expected to take several months.” That wording suggests Amazon will continue to avoid billing AWS customers in the affected regions—ME-CENTRAL-1 and ME-SOUTH-1—after it initially waived all usage-related charges for March 2026 at an estimated cost of $150 million. Read full article Comments

alexsl Shares of Option Care Health ( OPCH ) extended a post-earnings decline on Friday after Bank of America downgraded the infusion services provider to Neutral from Buy, citing its lowered full-year revenue outlook. Reviewing the company’s Q1 print, which included the guidance cut, analyst Joanna Gajuk projected that it will take time for Option Care ( OPCH ) to offset payor pressures for therapy authorizations and rivalry from pharmacies owned by pharmacy benefit managers. While the issues are seemingly specific to Stelara, a bowel disease therapy marketed by J&J ( JNJ ), the analyst reduced her revenue and EBITDA estimates for the company, noting that “we feel more comfortable at the lower end of the guide range given the implied steep ramp-up." “We expect OPCH to be range-bound until there are more proof points on its ability to return to prior long-term targets,” Gajuk wrote as she nearly halved her price target on the stock to $22 from $40 per share. More on Option Care Health Option Care Health, Inc. (OPCH) Q1 2026 Earnings Call Transcript Option Care Health, Inc. (OPCH) Q4 2025 Earnings Call Transcript Option Care Health forecasts 2026 revenue of $5.675B-$5.775B while maintaining EBITDA of $480M-$505M Option Care Health slides after Q1 revenue miss and guidance cut Seeking Alpha’s Quant Rating on Option Care Health

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DNY59/E+ via Getty Images PayPal Investment Thesis PayPal ( PYPL ) is currently, together with Novo Nordisk ( NVO ), one of the battleground stocks on which opinions are divided. Many see the sentiment of the market as too pessimistic for these two stocks and are buying the dip, while others see the dip as justified. I'm more inclined to agree with the second group. I think that the competitive situation has developed negatively and that the low P/E multiple is only due to the fact that the multiple is still lagging behind the business decline. What was my previous coverage like? In August last year, I published my first sell article on PayPal at a share price of $68. In February of this year, I wrote another sell article in which I referred to PayPal as a textbook value trap . The main points were the strong competitive situation, in which competitors were growing faster and gaining market share, as well as the falling take-rates of PayPal. In addition, I saw an increasing risk regarding the balance sheet at the time. Although buy-now-pay-later has led to increased sales, it has also led to risky growth, as credit losses on the balance sheet have increased simultaneously. At the moment, PayPal has a historically low P/E ratio. The problem with this is that the P/E ratio lags behind when a business is in decline. I will talk about this in more detail in the Valuation section. Because, in my opinion, PayPal is by no means as cheap as many people think. Number of Transactions per Account One of the most important points in the earnings report will be whether the number of transactions per account is continuing to fall. If these continue to fall, it suggests to me that the network effects of PayPal are becoming weaker. And this was PayPal's competitive advantage in the past. Credit cards remain the most popular payment method online, and Google Pay ( GOOG ) ( GOOGL ) and Apple Pay ( AAPL ) are becoming increasingly popular offline. Apple Pay is especially popular among...

Patience is a virtue for Angel Studios investors. A whole lot of patience.

Greater Manchester mayor’s team have been quietly preparing a manifesto and identifying seats where MPs could step aside to allow a Westminster run Andy Burnham has plan to return to Westminster ‘within weeks’, allies say When the eyes of Westminster were on the committee rooms and voting lobbies of parliament this week, Keir Starmer’s political future was being decided elsewhere. Wes Streeting and Angela Rayner were buttering up Labour MPs in the Strangers’ Bar in parliament as colleagues spoke of their “existential” fear about the crucial elections next week. Continue reading...

Memory chips and storage drives are becoming a major bottleneck in the artificial intelligence buildout, driving companies' capital expenditures higher. Chipmakers warn the supply crunch will get worse before it gets better, and Wall Street sees an opportunity. Quarterly earnings from the hyperscalers like Alphabet and Microsoft released this week showed solid cloud revenues underpinning capex that could top $1 trillion by the end of next year, and memory prices are poised to be a key driver of those costs. Samsung executive vice president of memory Jaejune Kim said Thursday that surging demand for memory is prompting pre-orders of chips that will expand the supply crunch into next year. "Our demand fulfillment rate is now at a record low," Kim said. "Unlike previous years, customers who are concerned about supply shortages are actually bringing forward their demand for 2027 already. So currently, just based on prebooked demand alone, the supply-demand gap is looking to widen further in 2027 versus this year." Feeling the pain of higher memory costs Tech CEOs are already feeling the sting of higher prices from chipmakers in their supply chains. "We believe memory costs will drive an increasing impact on our business," Apple CEO Tim Cook said during his company's earnings call on Thursday. Alphabet CEO Sundar Pichai described upstream factors facing his business as "complicated." "Obviously, we are working through a complicated supply chain environment," he said during earnings on Wednesday. Alphabet's capex was $35.7 billion in the first quarter, with the "overwhelming majority of this spend in technical infrastructure to support … AI opportunities," CFO Anat Ashkenazi said on the call. Meta Platforms is reportedly extending the shelf life of some aging servers since it can't get new ones due to the memory chip and storage shortage. "We did not anticipate the hardware demand growth that we are seeing in the industry," an internal company memo said, according to a We...

In this article XOM Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 7:23 07:23 Exxon Mobil CEO Darren Woods: Recent changes have made us more resilient to operational disruptions Squawk Box Exxon Mobil CEO Darren Woods warned Friday that the market has not absorbed the full impact of the unprecedented oil supply disruption triggered by the Iran war and the closure of the Strait of Hormuz. The disruption has been mitigated by the large number of loaded oil tankers that were in transit during the first month of the war, Woods told investors on Exxon's first-quarter earnings call. Strategic petroleum reserves have also been released and commercial inventories drawn down, the CEO said. One of these supply sources will become exhausted as the conflict goes on, Woods said. Oil prices will then increase as the strait remains closed, he said. "It's obvious to most that if you look at the unprecedented disruption in the world supply of oil and natural gas, the market hasn't seen the full impact of that yet," Woods said. "There's more to come if the strait remains closed," the CEO said. Oil futures trading has been volatile during the war. Prices have soared on the risk of escalation and then plunged on hopes for peace before repeating the cycle. U.S. crude oil fell more than 3% Friday to $101.38 per barrel, while international benchmark Brent was down about 2% to $108. These prices are consistent with historic levels over the past decade but they do not match the scale of the disruption in the Middle East, Woods said. Woods expects oil flows from the Persian Gulf to normalize in a month or two after the strait reopens. Tankers need to be respositioned, the supply blacklog needs to be worked through, and it takes time for the vessels to reach their destinations, the CEO said. Governments and industry will need to refill their strategic reserves and commercial inventories if stockpiles are depleted when the conflict ends, Woods said. This will bring more demand...

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They may suffer the occasional knee-jerk setback. By and large, though, investors understand these companies are capable of standing up to almost any challenge.

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In trading on Friday, vehicle manufacturers shares were relative laggards, down on the day by about 1.9%. Helping drag down the group were shares of Wabash National, down about 14.8% and shares of NIO off about 7.9% on the day. Also lagging the market Friday are auto parts sha

In this article UAL Follow your favorite stocks CREATE FREE ACCOUNT Spirit Airlines airplanes sit parked at Fort Lauderdale - Hollywood International Airport, in Fort Lauderdale, Florida, U.S., April 23, 2026. Marco Bello | Reuters President Donald Trump said Friday that his administration gave a "final" bailout proposal for Spirit Airlines as the budget carrier could be forced to liquidate without a lifeline. Talks with bondholders for a government bailout this week have not yet yielded a deal. The Trump administration last month had offered a $500 million loan that could have given the government up to a 90% stake in the Florida airline, according to people familiar with the matter who requested anonymity to speak about the discussions. "If we could do it, we'd do it, but only if it's a good deal this weekend, because they haven't gotten a deal looking at it," Trump said. "I said I'd like to save the jobs but we'll have an announcement, sometime today we gave them. We gave them a final proposal." Spirit declined to comment on liquidation plans. The airline's lawyer, Marshall Huebner, told a bankruptcy court in New York on April 23 that Spirit's cash "is not going to last for very much longer." The carrier is in its second bankruptcy in less than a year and now has the added challenge of a spike in jet fuel prices amid the Middle East conflict. United Airlines said the carrier is "preparing to support Spirit customers and employees" if the carrier shuts down and strands crews and passengers, a spokeswoman told CNBC. Other carriers are likely to follow suit. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

In trading on Friday, computer peripherals shares were relative leaders, up on the day by about 4.3%. Leading the group were shares of Xerox Holdings, up about 10.2% and shares of Seagate Technology Holdings up about 5.9% on the day. Also showing relative strength are advert

loops7/iStock Unreleased via Getty Images European automakers will have to pay an increased 25% tariff for vehicles shipped to the U.S. as a result of accusations that the European Union failed to comply with last year’s trade deal. "I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States. The Tariff will be increased to 25% . It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF,” President Trump said in a post on Truth Social Friday. The post did not specify in what ways the EU broke its trade agreement with the U.S. Last summer, Trump and European Union President Ursula von der Leyen hammered out the “Turnberry Agreement,” named after Trump’s Scottish golf course. Under the terms of the deal, the U.S. would impose a 15% cap on tariffs for imported goods from the EU, while the EU would eliminate industrial tariffs on U.S. exports and increase access to U.S. agricultural products. The deal also stipulated zero customs duties for both the U.S. and the EU on electronic transmissions. The agreement—which capped EU auto export tariffs into the U.S. at — was expected to save European automakers as much as $700M a month. However, after the Supreme Court ruled against the tariffs in February, the European Commission said it expected the U.S. to abide by its commitments to the EU. “A deal is a deal,” the European Commission said in the wake of the SCOTUS decision. “As the United States’ largest trading partner, the EU expects the U.S. to honor its commitments set out in the Joint Statement—just as the EU stands by its commitments. EU products must continue to benefit from the most competitive treatment, with no increases in tariffs beyond the clear and all-inclusive ceiling previously agreed.” Related tickers: Mercedes-Benz ( MBGAF ...

The municipal-bond market roared back in April to deliver its best performance for that month in over a decade, as investors found their footing following a stretch of war-fueled volatility. The Bloomberg Municipal Bond Index rose nearly 1.15% last month, its biggest April rally since 2014, according to data compiled by Bloomberg. Surging oil prices and inflation worries sparked by the war in Iran pressured municipal bonds in March, with the index falling about 2.3% in its worst monthly performance since 2023 . The geopolitical uncertainty came during a traditionally tough time of year for the market, which typically sees less cash flowing into state and local government debt ahead of tax season. Read more: Pimco’s Hammer Says It’s Time to Buy Muni Bonds After Selloff While the volatility in March weighed on demand for new offerings, “April was marked by stability,” said Dora Lee , director of research for Belle Haven Investments. “Once investors and issuers got their bearings, we were able to get that cash and capital deployed and absorb those new issues.” This strong performance runs counter to historical trends: Overall, municipal bonds have lost an average of 0.27% for the month of April in the past 12 years. To Chris Brigati , chief investment officer at SWBC Investment Services, the performance was “a little unexpected.” He pointed to steady inflows as a key driver. With demand outpacing supply, investors have been eager to put cash to work, underpinning stronger performance in April, Brigati said. “We got through the month and saw people continuing to put money into the asset class from an investing standpoint so the demand side was strong,” he added. Looking ahead, JPMorgan Chase & Co. municipal analysts led by Peter DeGroot advised investors to buy during periods of future weakness. Subdued reinvestment capital and continued higher supply could cause “onerous technical conditions” for the muni market in the coming weeks, they said. “Given a volatile rates b...

Earnings Call Insights: The Estée Lauder Companies Inc. (EL) Q3 fiscal 2026 Management View "Today, we raised our fiscal '26 outlook and offered our preliminary view on fiscal '27" and "for the third quarter, organic sales rose 2%" while "operating margin expanded significantly" and "EPS grew 40%" (CEO, President & Director Stephane de la Faverie). "We now expect to deliver organic sales growth of 3%, the high end of our prior range" and "operating margin on track to be 10.7% to 11%" (CEO de la Faverie). "We achieved a significant milestone in the PRGP's program restructuring" and "in April, we expanded the size of the restructuring program" including "the anticipated exit of select unproductive doors in department stores and freestanding store channel" (CEO de la Faverie). "I'm thrilled to welcome to The Estée Lauder Company's portfolio, the #1 prestige skin care brand in India, Forest Essentials" and "in April, we made a minority investment in 111Skin" (CEO de la Faverie). "Overall, we delivered strong performance in the quarter with sales growth, continued margin expansion and strong cash generation" and "diluted EPS was $0.91 for the quarter compared to $0.65 last year" (Executive VP & CFO Akhil Shrivastava). Outlook "We expect organic net sales growth of approximately 3% at the high end of our prior guidance range" and "diluted EPS is now expected to range between $2.35 and $2.45" for fiscal 2026 (Executive VP & CFO Shrivastava). "For the fourth quarter, we expect an unfavorable impact of approximately 2 percentage points to sales growth and $0.06 to EPS" from Middle East disruptions, while "for the full year, the impact... is expected to be less than 1%" (Executive VP & CFO Shrivastava). "For fiscal '27... we currently assume net sales growth of 3% to 5% for the full year and operating margin of 12.5% to 13.0%" (Executive VP & CFO Shrivastava). Compared with the prior quarter’s outlook language, management moved from a full-year organic sales growth range of "...

Earnings Call Insights: Cohen & Company (COHN) Q1 2026 Management view Cohen & Company emphasized continued momentum in its capital markets franchise, with CEO Lester Brafman saying, "We are pleased to deliver another strong quarter driven by the ongoing expansion of our client franchise, in particular, our full-service boutique investment bank, Cohen & Company Capital Markets, continue to generate positive results with a focus on frontier technologies, including digital assets, energy transition and natural resources." Management highlighted balance-sheet and platform growth tied to secured financing, with CEO Lester Brafman stating, "Also during the quarter, our Gestation repo business continued to grow, reaching a book size of $3.9 billion" and adding that the company was "encouraged by the momentum we have built as we look for opportunities to further grow our top line revenue and profitability." The company pointed to SPAC-related activity as a notable corporate milestone, with CEO Lester Brafman noting, "our sponsor SPAC, Columbus Circle Capital Corp. II completed its $230 million IPO." CFO Joseph Pooler summarized profitability and key revenue lines, stating, "our net income attributable to Cohen & Company Inc. shareholders was $1.5 million for the quarter or $0.42 per fully diluted share" and adding, "Investment banking and new issue revenue was $45.7 million in the first quarter" while "Net trading revenue came in at $13.2 million in the first quarter" and "First quarter principal transactions and other revenue was negative $3.4 million." Outlook No explicit forward-looking revenue or EPS guidance was provided in the Q1 2026 transcript; management commentary on outlook was framed in qualitative terms. CEO Lester Brafman characterized forward expectations in broad terms, saying, "We are encouraged by the momentum we have built as we look for opportunities to further grow our top line revenue and profitability" and, later in closing remarks, "We remain confid...