Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’ Business live – latest updates The UK financial watchdog is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal. The Financial Conduct Authority (FCA) said that it will defend the scheme “robustly” as the “fastest, simple...
Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’ Business live – latest updates The UK financial watchdog is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal. The Financial Conduct Authority (FCA) said that it will defend the scheme “robustly” as the “fastest, simplest route for consumers and the most efficient way for firms to put things right”. Continue reading...
The recent report by Custom Market Insights highlights significant growth in the application of generative AI within the chemical industry, with market size expected to expand from USD 0.98 billion in 2025 to an estimated USD 12.84 billion by 2035. This growth is fueled by factors such as the need for faster R&D times, rising demand for sustainable molecules, integration with advanced technologies...
The recent report by Custom Market Insights highlights significant growth in the application of generative AI within the chemical industry, with market size expected to expand from USD 0.98 billion in 2025 to an estimated USD 12.84 billion by 2035. This growth is fueled by factors such as the need for faster R&D times, rising demand for sustainable molecules, integration with advanced technologies like robotic synthesis and quantum computing, and substantial R&D spending in pharmaceuticals...
Oppenheimer Holdings press release ( OPY ): Q1 GAAP EPS of -$1.93. Revenue of $445M. More on Oppenheimer Holdings Oppenheimer Holdings: Public Markets Come Back, Driving ECM And Profits Dividend scorecard for Oppenheimer Holdings Financial information for Oppenheimer Holdings
Oppenheimer Holdings press release ( OPY ): Q1 GAAP EPS of -$1.93. Revenue of $445M. More on Oppenheimer Holdings Oppenheimer Holdings: Public Markets Come Back, Driving ECM And Profits Dividend scorecard for Oppenheimer Holdings Financial information for Oppenheimer Holdings
primeimages/iStock via Getty Images Key takeaways 1 The fund underperformed its benchmark and peers The fund ( OIGAX ) underperformed the MSCI ACWI ex-US Growth Index and the Morningstar Foreign Large Growth peer group average for the quarter. 1 2 Focus shifted from growth to inflation risks The fund holds quality companies with pricing power and strong positioning in industries benefiting from st...
primeimages/iStock via Getty Images Key takeaways 1 The fund underperformed its benchmark and peers The fund ( OIGAX ) underperformed the MSCI ACWI ex-US Growth Index and the Morningstar Foreign Large Growth peer group average for the quarter. 1 2 Focus shifted from growth to inflation risks The fund holds quality companies with pricing power and strong positioning in industries benefiting from structural growth trends, which, in our experience, have supported faster earnings growth in recessions and defended profit margins during inflationary periods. 3 Staying nimble during volatility We exited eight stocks amid concerns about consumer spending headwinds and the broad software selloff. We reallocated the capital to opportunities we believe have more upside potential and compelling risk-reward profiles. Investment objective The fund seeks capital appreciation. Fund facts Fund AUM ($M) 3,215.89 Portfolio managers Robert Dunphy, Ananya Lodaya Manager perspective and outlook Global equities experienced a volatile first quarter as renewed tariff measures, concerns about technology spending and geopolitical escalation in the Middle East appeared to shift investor focus from growth to inflation risks. Energy supply disruptions drove robust commodities performance, while equities broadly sold off amid heightened risk aversion and a stronger US dollar. Regional equity performance diverged. Japanese equities performed well, supported by a weaker yen and expectations of additional fiscal stimulus, while European equities declined amid rising energy costs. UK equities had a positive return, benefiting from commodities exposure and currency weakness. Emerging market equities edged lower despite strength in South Korea and Taiwan, as artificial intelligence-related (AI) optimism appeared to fade. US equities lagged amid increased scrutiny of technology valuations and capital expenditures. Both the technology sector and the broader global equity market weakened toward quarter en...
Shahmir Khaliq, head of services at Citi, examines how the shifts in global supply chains from the Iran war are forcing businesses to change how they think about production and input costs. (Source: Bloomberg)
Shahmir Khaliq, head of services at Citi, examines how the shifts in global supply chains from the Iran war are forcing businesses to change how they think about production and input costs. (Source: Bloomberg)
The pitch was straightforward: Invest in the cryptocurrency venture of Donald Trump and his family, back the industry’s most powerful ally at the peak of their influence, and share the spoils. Investors said yes, putting in more than $550 million across two fundraising rounds. What happened next was not publicly explained. After those rounds closed, the project sold an additional 5.9 billion token...
The pitch was straightforward: Invest in the cryptocurrency venture of Donald Trump and his family, back the industry’s most powerful ally at the peak of their influence, and share the spoils. Investors said yes, putting in more than $550 million across two fundraising rounds. What happened next was not publicly explained. After those rounds closed, the project sold an additional 5.9 billion tokens to accredited private investors, transactions worth hundreds of millions of dollars, with much of the proceeds directed to founder-affiliated entities. The sales came to light when intelligence platform Tokenomist.ai, examining World Liberty’s governance filings at Bloomberg’s request, found that the number of tokens listed under founder, team, adviser and partner allocations had risen without apparent explanation, a discrepancy the project had not explained to its broader investor base. World Liberty confirmed the sales to Bloomberg, describing them as “white glove” transactions with private purchasers, but declined to say who the buyers were or where the money went. What is unfolding has no precedent in American financial life. A sitting president’s family holds financial stakes in a live token project — one setting governance rules, directing treasury sales, collecting proceeds — while the people who signed up find themselves with limited options to exit. World Liberty Financial was co-founded by members of the Trump and Witkoff families alongside other business partners, with Zach Witkoff serving as chief executive. Both Trump and Steve Witkoff, who serves as the president’s special envoy to the Middle East, were listed as co-founder emeritus on the project’s website. The project recently removed a page listing its co-founders; a spokesperson said the company regularly updates its site. Under the project’s disclosures on its website , DT Marks DEFI LLC — an entity affiliated with Donald Trump and certain family members — is entitled to receive 75% of WLFI token sale p...
ridvan_celik/E+ via Getty Images Motio Research reports their initial estimate of U.S. median household income for March 2026 is $88,310. This value represents a $680 (or 0.8%) increase from the firm's initial estimate of $87,630 for February 2026. Motio Research's estimates are based on income data collected by the U.S. Census Bureau through its monthly Current Population Survey. This survey is c...
ridvan_celik/E+ via Getty Images Motio Research reports their initial estimate of U.S. median household income for March 2026 is $88,310. This value represents a $680 (or 0.8%) increase from the firm's initial estimate of $87,630 for February 2026. Motio Research's estimates are based on income data collected by the U.S. Census Bureau through its monthly Current Population Survey. This survey is conducted during the week containing the 12th day of the month following the month in which its data applies. Motio Research adjusts its raw monthly estimates to account for the effects of seasonality and inflation, presenting its results in the form of an index with the median household income of January 2010 assigned a value of 100. The initial value of the firm's U.S. Real Median Household Income Index for March 2026 is 119.8. The following screenshot of Motio Research's interactive chart shows how this index has changed from January 2010 through March 2026: Motio's survey-based estimates indicate the pace of growth of median household income has resumed increasing rapidly since January 2026. Our working hypothesis is the survey-based median household income estimates are reflecting a combination of rising household incomes and the exit of millions of very low-income earning foreigners who have departed the United States in response to cash incentives and free travel to their home countries that have been offered by the Trump administration. Analyst's Notes Political Calculations produces median household income estimates using other original data sources that complement Motio Research's survey-based estimates. Our estimates have been lagging behind Motio Research's estimates because of delays in the reporting of the aggregate income we use to generate them stemming from the Senate Democrats' government shutdowns. As of April 30, 2026, however, those delays have ended. We are now able to fully catch up with median household income estimates for both February and March 202...
champc/iStock via Getty Images The artificial intelligence boom faces a significant threat from an unlikely source: old-fashioned mining and materials production, according to Oskar Lewnowski, CEO of Orion Resource Partners. Disruptions to sulfuric acid supplies caused by instability around the Strait of Hormuz could create downstream impacts on critical mineral production that will show up in com...
champc/iStock via Getty Images The artificial intelligence boom faces a significant threat from an unlikely source: old-fashioned mining and materials production, according to Oskar Lewnowski, CEO of Orion Resource Partners. Disruptions to sulfuric acid supplies caused by instability around the Strait of Hormuz could create downstream impacts on critical mineral production that will show up in company earnings reports by the fourth quarter, according to Lewnowski in an interview with CNBC. The ongoing uncertainty around the strategic waterway—which the analyst jokingly referred to as “the Straits of Hormones” due to the volatile situation—is making it extremely difficult for mining companies to plan production. Mines that rely on imported sulfuric acid from the Middle East are particularly vulnerable, while those with their access to this key input will fare better. The analyst highlighted a fundamental irony in today’s economy: the most advanced technology industries are dependent on some of the oldest. “You have some of the oldest industry in the world constraining some of the newest industry in the world, and that is a dichotomy that has yet to be fully understood,” he said, noting that data centers cannot be built without copper, aluminum, and cabling that all require mining. Unlike previous commodity cycles where high prices spurred new supply, the current environment presents unique challenges that will prevent a rapid production response. The analyst noted that adding mining capacity today requires more government involvement, greater scrutiny, and significantly higher upfront costs. “You’re talking about a nice billion-dollar check before you get any cash flow back from the asset,” he explained. The backlog of mining projects needed to meet demand now exceeds $800 billion, according to International Energy Agency estimates. This shortfall will not be quickly addressed by incremental price increases, the analyst warned. Meanwhile, Western nations find themsel...
Minneapolis Fed President Neel Kashkari and Cleveland Fed President Beth Hammack said in separate statements Friday that they dissented over this week’s policy statement because it was no longer appropriate to signal the Fed’s next move was still likely to be an interest-rate cut. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Minneapolis Fed President Neel Kashkari and Cleveland Fed President Beth Hammack said in separate statements Friday that they dissented over this week’s policy statement because it was no longer appropriate to signal the Fed’s next move was still likely to be an interest-rate cut. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
We just covered Here is How Billionaire Philippe Laffont’s Top 10 Picks Crushed The Market. Microsoft Corporation (NASDAQ:MSFT) ranks #2 (see the Here is How Billionaire Philippe Laffont’s Top 5 Picks Crushed The Market). YTD Stock Performance: -12% Philippe Laffont’s Stake: $2.50 Billion Microsoft recently posted strong quarterly results, with Azure revenue rising 40% year over […]
We just covered Here is How Billionaire Philippe Laffont’s Top 10 Picks Crushed The Market. Microsoft Corporation (NASDAQ:MSFT) ranks #2 (see the Here is How Billionaire Philippe Laffont’s Top 5 Picks Crushed The Market). YTD Stock Performance: -12% Philippe Laffont’s Stake: $2.50 Billion Microsoft recently posted strong quarterly results, with Azure revenue rising 40% year over […]