The utility will supply a 1.4-GW Oracle data center under construction now, and has submitted contracts to regulators for a 1-GW Google project also in the works.
The utility will supply a 1.4-GW Oracle data center under construction now, and has submitted contracts to regulators for a 1-GW Google project also in the works.
Apple delivered a strong revenue forecast for the third quarter, with sales expected to rise 14% to 17% in the period. The company warned that memory-chip costs will increase and that shortages of Mac computers will persist for "several months." Bloomberg Intelligence's Matthew Bloxham breaks down the situation. (Source: Bloomberg)
Apple delivered a strong revenue forecast for the third quarter, with sales expected to rise 14% to 17% in the period. The company warned that memory-chip costs will increase and that shortages of Mac computers will persist for "several months." Bloomberg Intelligence's Matthew Bloxham breaks down the situation. (Source: Bloomberg)
Qatar telco Ooredoo has kicked off the year with steady growth, reporting 1Q revenue up 6% y/y, in line with analyst estimates while profit climbed 4.7%. Group CEO Aziz Aluthman Fakhroo spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East and Africa on the numbers and growth strategy despite regional tensions. (Source: Bloomberg)
Qatar telco Ooredoo has kicked off the year with steady growth, reporting 1Q revenue up 6% y/y, in line with analyst estimates while profit climbed 4.7%. Group CEO Aziz Aluthman Fakhroo spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East and Africa on the numbers and growth strategy despite regional tensions. (Source: Bloomberg)
If you are asking whether Intel's current share price still offers value or if most of the easy gains are already gone, this article is designed to help you frame that question clearly. Intel's share price recently closed at US$94.48, alongside returns of 14.5% over 7 days, 96.7% over 30 days, 139.9% year to date, 358.2% over 1 year, 211.1% over 3 years, and 79.0% over 5 years. These figures may p...
If you are asking whether Intel's current share price still offers value or if most of the easy gains are already gone, this article is designed to help you frame that question clearly. Intel's share price recently closed at US$94.48, alongside returns of 14.5% over 7 days, 96.7% over 30 days, 139.9% year to date, 358.2% over 1 year, 211.1% over 3 years, and 79.0% over 5 years. These figures may prompt you to reassess both upside potential and risk. Recent coverage has focused on Intel's...
Suphanat Khumsap/iStock via Getty Images The U.S. and Iran continue to lock horns in a prolonged standoff, with President Donald Trump reaffirming his commitment to a naval blockade of Iranian ports despite surging oil prices and global economic concerns. Trump said the blockade is effectively “choking” Iran’s economy and signaled it would remain in place until Tehran agrees to curb its nuclear pr...
Suphanat Khumsap/iStock via Getty Images The U.S. and Iran continue to lock horns in a prolonged standoff, with President Donald Trump reaffirming his commitment to a naval blockade of Iranian ports despite surging oil prices and global economic concerns. Trump said the blockade is effectively “choking” Iran’s economy and signaled it would remain in place until Tehran agrees to curb its nuclear program. “Their economy is crashing, the blockade is incredible,” Trump told reporters at the White House. “Their economy is a disaster. So we’ll see how long they hold out.” “The blockade is somewhat more effective than the bombing,” Trump had previously made comments to Axios. “They are choking like a stuffed pig.” The oil markets have remained volatile as traders weigh the risk of prolonged supply disruptions. U.S. fuel prices are climbing rapidly, with the national average hitting fresh highs and retail gasoline in California topping $6 per gallon, a Bloomberg report said. This spike could be a worry for the Republican Party as midterm elections approach. “The gas will go down,” Trump said. “As soon as the war is over, it’ll drop like a rock.” Separately, White House economic adviser Kevin Hassett told reporters on Thursday, "If you look at the economic stress that the Iranian people are under right now, it should be unacceptable to any civilized leader." Iran “is soon nearing storage capacity, which will force the regime to reduce oil production, resulting in an additional approximately $170 million per day in lost revenue, and causing permanent damage to Iran’s oil infrastructure.” Treasury Secretary Scott Bessent wrote on X. Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on oil Fragmentation Within OPEC+: UAE Exit Signals Structural Shift In Oil Market Dynamics The UAE Leaves OPEC: Here's What It Could Mean Hard Assets Weekly: Bigger, Better, A...
Biomar, the world’s third-largest fish feed producer, will sell shares on the Copenhagen stock exchange, a rare initial public offering for Denmark, which has lagged its Nordic peers in equity issuance. The IPO will include existing shares made available by owner Schouw A/S, as well as “a small offer” of new Biomar shares, according to a statement on Friday. The listing will take place in “the fir...
Biomar, the world’s third-largest fish feed producer, will sell shares on the Copenhagen stock exchange, a rare initial public offering for Denmark, which has lagged its Nordic peers in equity issuance. The IPO will include existing shares made available by owner Schouw A/S, as well as “a small offer” of new Biomar shares, according to a statement on Friday. The listing will take place in “the first half of 2026,” the company said. It will be the first IPO on the Copenhagen exchange since obesity drug developer Gubra A/S listed in 2023. In addition to the limited inflow of new names in Copenhagen, the bourse has also lost a number of companies in recent years, as firms have been taken private or have merged. A.P. Moller-Maersk A/S in 2024 demerged its Svitzer A/S towage division into a separate listing on the Danish exchange, but just one year later, the Maersk billionaire family took it private . Last year, the Copenhagen exchange also lost one of the largest Danish lenders, Spar Nord Bank A/S, which was acquired by Nykredit A/S. “A new listed company is good news because the Danish market has been going through a drought with more than a thousand days since the last IPO,” Henriette Kinnunen, chair of Denmark’s Association of Listed Companies , said by phone. “But there’s no reason to expect a ketchup effect with new transactions flowing out fast now, there’s still a lot of work to be done to get the IPO market going.” Leo Pharma A/S is one of this year’s other possible IPOs in Denmark. The century-old drugmaker has lined up investment banks to lead the listing, Bloomberg News reported last month. Biomar sells feed for the aquaculture industry in 90 countries and has production sites in 16 markets. Its main competitors include Norway’s Skretting. The global market for aquafeed was worth about $85 billion last year and is set to grow 5.9% annually, according to a report by Expert Market Research. Schouw, the owner, also set new 2030 targets for Biomar on Friday, say...