Earnings Call Insights: Sinclair, Inc. (SBGI) Q1 2026 Management View "We delivered a strong first quarter" and reported "total revenue of $807 million" and "adjusted EBITDA of $126 million," with CEO Christopher Ripley citing "the consistency of the broadcast business and the growth potential of Tennis Channel" and adding that "core advertising grew 4% year-over-year" despite Sinclair being "unde...
Earnings Call Insights: Sinclair, Inc. (SBGI) Q1 2026 Management View "We delivered a strong first quarter" and reported "total revenue of $807 million" and "adjusted EBITDA of $126 million," with CEO Christopher Ripley citing "the consistency of the broadcast business and the growth potential of Tennis Channel" and adding that "core advertising grew 4% year-over-year" despite Sinclair being "underexposure to NBC." CEO Christopher Ripley said Sinclair has "built real momentum" on portfolio actions, noting it has "closed on a substantial majority of our JSA and LMA partner station buy-ins" and "expect the full $30 million in annualized synergies in 2026," alongside "2 accretive duopoly transactions in Providence and Tulsa" and an ongoing "strategic review of the broadcast business" with an "ideal path forward" of "a broadcast combination concurrent with a Ventures separation." CEO Christopher Ripley framed balance-sheet actions as central, saying, "Earlier this month, we retired approximately $165 million in term loans at a discount" and "will save approximately $12 million in annual cash interest expense," while reiterating, "deleveraging remains a top priority" and stating quarter-end "total debt" was "$4.4 billion" with "total liquidity of approximately $1.5 billion." CFO Narinder Sahai said, "I'm pleased with our first quarter results that reflect strong execution across the business," and attributed performance to "lower subscriber churn across key MVPDs" and "incremental benefits from our partner station buy-ins," while also highlighting "operating leverage" and that "core operating costs remained well controlled." COO Robert Weisbord described the sports-driven setup for midyear advertising demand, saying Sinclair is "already seeing strong demand for the FIFA World Cup" and calling Tennis Channel "a differentiated premium sports asset" where Sinclair is "making thoughtful, high-return investments" and is "fully bullish on the network." Outlook CEO Christopher ...
Earnings Call Insights: Schneider National (SNDR) Q1 2026 Management view “We believe this up cycle has now gained its foothold,” said (CEO, President & Director Mark Rourke), while noting Q1 “headwinds from challenging weather and fuel volatility” that the company said it mitigated through “cost and productivity initiatives,” “investment in differentiated services,” and “a disciplined approach to...
Earnings Call Insights: Schneider National (SNDR) Q1 2026 Management view “We believe this up cycle has now gained its foothold,” said (CEO, President & Director Mark Rourke), while noting Q1 “headwinds from challenging weather and fuel volatility” that the company said it mitigated through “cost and productivity initiatives,” “investment in differentiated services,” and “a disciplined approach to customer allocation events.” “Based on developments to date, we expect this rationalization to occur rapidly,” said (Executive VP and Group President of Transportation & Logistics Jim Filter), attributing capacity attrition to DOT enforcement actions and adding, “We expect additional capacity to leave the market from here,” while flagging that “overall macro uncertainty has also increased ... which adds demand risk for the balance of the year.” “Enterprise revenues excluding fuel surcharge were $1.2 billion, down 1% compared to a year ago,” said (Executive VP & CFO Darrell Campbell). “Adjusted income from operations was $35 million,” “adjusted diluted earnings per share for the first quarter was $0.12,” and management cited “traction on our $40 million cost savings initiatives” plus “disciplined execution on our Cowan Systems integration synergies.” “Spot exposure grew to nearly double its historical levels in Network,” said (CEO Rourke), adding, “Price renewals are now at the highest level since 2021,” and the company “expect[s] Network 2026 rate renewals to be in the mid to high single digits for the full year” with “double-digit increases” for “the most transactional customers.” “This does mark my 36th and final Schneider earnings call before Jim Filter’s transition to President and CEO in July and my move to Executive Chairman,” said (CEO Rourke). Outlook “We’re maintaining our 2026 EPS guidance of $0.70 to $1,” said (CFO Campbell), adding it “assumes an effective tax rate of approximately 24%,” while also saying “macro uncertainty has increased” and “these factors pus...
Hong Kong’s catering sector and hoteliers are expecting a business boost during the Labour Day “golden week” holiday from May 1 to 5, with industry leaders hoping the growing trend of mainland Chinese visitors hiking and sailing yachts will bring a windfall to seafood restaurants in Sai Kung and the outlying islands. The industry leaders also said on Wednesday that rising tensions in the Middle Ea...
Hong Kong’s catering sector and hoteliers are expecting a business boost during the Labour Day “golden week” holiday from May 1 to 5, with industry leaders hoping the growing trend of mainland Chinese visitors hiking and sailing yachts will bring a windfall to seafood restaurants in Sai Kung and the outlying islands. The industry leaders also said on Wednesday that rising tensions in the Middle East, which have pushed up fuel surcharges, had inadvertently benefited Hong Kong, as mainland...
peshkov/iStock via Getty Images By Padhraic Garvey, CFA , Regional Head of Research, Americas; Michiel Tukker , Senior UK & Eurozone Rates Strategist; and Benjamin Schroeder , Senior Rates Strategist Things swinging in directions that are tough to interpret – but let's give it a go Some notable moves through Thursday. First, volatility ratcheted lower. Remarkably so. The CBOE volatility index dipp...
peshkov/iStock via Getty Images By Padhraic Garvey, CFA , Regional Head of Research, Americas; Michiel Tukker , Senior UK & Eurozone Rates Strategist; and Benjamin Schroeder , Senior Rates Strategist Things swinging in directions that are tough to interpret – but let's give it a go Some notable moves through Thursday. First, volatility ratcheted lower. Remarkably so. The CBOE volatility index dipped to 17, versus a long-run average of 19. That's quite a benign reading against a backdrop of tremendous war uncertainty. Second, and related, the S&P 500 hit a new all-time high. There's been a notable separation here between equities supported by strong earnings and the headwinds being posed by the higher oil price. Third, rate-hike concerns continued to build. No changes in rates from the major central banks this week, but they are all morphing in the direction of hikes, especially the European ones. Phew, let's continue. Fourth, the price of oil fell quite considerably, from $125/bbl to $115/bbl on Brent. And for no good reason. The standoff between the US and Iran continues, and as the days go by, a $10/bbl move deserves at the very least a better rationale. Fifth, a huge intervention prompted a move in the Japanese yen in a week when the Bank of Japan chose to hold rates steady. We thought they would hike, or at least should have. And on bonds, US yields fell through Thursday, with the 10yr dipping from 4.44% to 4.37% (and similar on the front end). But what's important here is the breakout. Inflation breakevens, in fact, rose - the 10-year is knocking on the door of 2.5%. Real yields fell, and that dominated. That morph toward lower real yields can be a harbinger of things eventually turning sour on the activity front. But front and centre, the main impulse for bonds is higher inflation expectations. We're heading towards another weekend of potential uncertainty, with Friday, 1 May, seen in the minds of many as something of a key day by which some move needs to happ...
Massive Lithium Lode In Appalachia Could Power 130 Million EVs: USGS America's worrisome dependency on foreign sources of lithium could become a thing of the past: About 328 years' worth of last year's lithium imports is buried in Appalachia, according to a new analysis published by the US Geological Survey (USGS). That's about 2.3 million metric tons of undiscovered but economically recoverable l...
Massive Lithium Lode In Appalachia Could Power 130 Million EVs: USGS America's worrisome dependency on foreign sources of lithium could become a thing of the past: About 328 years' worth of last year's lithium imports is buried in Appalachia, according to a new analysis published by the US Geological Survey (USGS). That's about 2.3 million metric tons of undiscovered but economically recoverable lithium -- aka "white gold." “This research shows that the Appalachians contain enough lithium to help meet the nation’s growing needs – a major contribution to U.S. mineral security, at a time when global lithium demand is rising rapidly,” said USGS Director Ned Mamula. "The United States was the dominant world producer of lithium three decades ago, and this research highlights the abundant potential to reclaim our mineral independence.” Today, Australia is the top producer, and China in second place -- however, China boasts about 60% of the world's lithium refining capacity for batteries. The deposits are spread over a large swath of territory. The southern Appalachians -- primarily the Carolinas -- have about 1.43 million metric tons, while the northern Appalachians hold 900,000 metric tons, most of it in Maine, New Hampshire and Vermont, USGS says. Added up, it's enough to put the requisite lithium in 130 million electric vehicles, or a thousand years worth of laptop production. USGS project global lithium production capacity will double over the next three years . In April, Finland became the first European country to host the full continuum of lithium production, from an open-pit mine that produces battery-grade lithium hydroxide, to a refinery. "The €783 million project is operated by Keliber Oy, a Finnish mining and battery-materials company," EuroNews reported. Today, there's only one operating lithium mine in America : the Albemarle Silver Peak Mine in Nevada. Earlier this week, environmentalists sued to stop exploratory drilling in Oregon near the Nevada border. T...
Foil boarders were pursued by shark – likely a great white – off Santa Barbara before it lost interest and swam away Sign up for the Breaking News US email to get newsletter alerts in your inbox Ron Takeda and Tavis Boise were a few miles off the coast of Santa Barbara when they noticed the large mass trailing behind them. “Tavis, is it a dolphin?” asked Takeda as he stood on his foil board, a spe...
Foil boarders were pursued by shark – likely a great white – off Santa Barbara before it lost interest and swam away Sign up for the Breaking News US email to get newsletter alerts in your inbox Ron Takeda and Tavis Boise were a few miles off the coast of Santa Barbara when they noticed the large mass trailing behind them. “Tavis, is it a dolphin?” asked Takeda as he stood on his foil board, a specialized form of surfing, propelling himself through the waves. Boise, who was filming their run, recognized the question as an ominous sign – the veteran surfers are familiar enough with dolphins that Takeda should have recognized one immediately. Continue reading...
A top Wall Street regulator is considering changes to a weekly report covering the position of traders just as prediction market exchanges and offshore venues start to offer more contracts in the oldest corner of the derivatives market. The Commodity Futures Trading Commission is asking for public input on its Commitments of Traders reports, which is widely relied on by hedge funds and other trade...
A top Wall Street regulator is considering changes to a weekly report covering the position of traders just as prediction market exchanges and offshore venues start to offer more contracts in the oldest corner of the derivatives market. The Commodity Futures Trading Commission is asking for public input on its Commitments of Traders reports, which is widely relied on by hedge funds and other traders to help craft their strategies. “After significant outreach and communication with the agricultural community and commercial end users, the Commission is examining the current structure and publication of our COT Reports,” CFTC Chairman Michael Selig said in a statement Thursday. That review comes after Kalshi Inc. , a leading prediction markets platform, announced in mid-April the exchange would be offering a new commodities trading hub. But unlike industry stalwarts like CME Group Inc. and Intercontinental Exchange Inc. that support trading of grain, energy and numerous other derivatives, prediction markets don’t have to furnish information that is compiled into COT reports. Kalshi agreed to limit its trading hours on new financial contracts tied to crops like corn to the same hours as traditional exchanges, Bloomberg reported earlier Thursday, following agriculture industry concerns about the products. Read More: Kalshi Bows to Agriculture Industry Pushback on Trading Hours The CFTC said Thursday it is considering whether the one-of-a-kind data set should be published more frequently, and if doing so would risk revealing which companies or trading firms were taking large positions in a given market. The agency also asked whether binary options, which can include the types of contracts traded on CFTC-licensed prediction markets, should be included in the reports.
watch now VIDEO 5:45 05:45 U.S. Attorney Pirro posts new surveillance video from White House Correspondents Dinner News Videos A dramatic video newly released by U.S. Attorney Jeanine Pirro shows Cole Tomas Allen casing the Washington Hilton Hotel on April 24, and then the next night, storming through a Secret Service checkpoint outside the White House Correspondents' Association dinner , where Pr...
watch now VIDEO 5:45 05:45 U.S. Attorney Pirro posts new surveillance video from White House Correspondents Dinner News Videos A dramatic video newly released by U.S. Attorney Jeanine Pirro shows Cole Tomas Allen casing the Washington Hilton Hotel on April 24, and then the next night, storming through a Secret Service checkpoint outside the White House Correspondents' Association dinner , where President Donald Trump was set to give a speech. The video, which Pirro posted on X on Thursday evening, shows a Secret Service officer pulling his handgun and firing multiple times at Allen as he ran to and through the checkpoint with a long gun in his hands. Pirro said investigators have found no evidence to indicate that a Secret Service agent who was struck by gunfire was shot by another member of law enforcement, but did not elaborate on that claim. The agent was not seriously injured because the shot was stopped by protective gear, authorities have said. Read more CNBC politics coverage Republicans could still win the House in the 2026 midterm election: Scalise Democrats urge CFTC to rein in prediction markets sports betting, insider trading Analysis: The Warsh revolution is coming. Powell won’t stand in the way. "Today, we are releasing video already provided to U.S. District Court showing Cole Allen shoot a U.S. Secret Service officer during his attempt to assassinate the President at the White House Correspondents' Dinner," Pirro wrote in a post on X, which contained the video. "There is no evidence the shooting was the result of friendly fire. The video also shows Allen casing the area in the Hilton Hotel the day before the attack," she said. "My office along with the @FBI will continue this extensive investigation to bring Cole Allen to justice," Pirro said. Allen, 31, is charged with trying to assassinate Trump and other crimes. Earlier Thursday, the Torrance, California, resident waived his right to challenge his detention in jail pending trial in the case in U.S...
Japan’s top currency official declined to comment on reports that the government intervened in the market to prop up the yen. Atsushi Mimura , vice finance minister for international affairs, said Friday that he wouldn’t comment on speculation that Japan had stepped into markets while reaffirming that Japan’s authorities are in close communication with their US counterparts. The yen was trading ar...
Japan’s top currency official declined to comment on reports that the government intervened in the market to prop up the yen. Atsushi Mimura , vice finance minister for international affairs, said Friday that he wouldn’t comment on speculation that Japan had stepped into markets while reaffirming that Japan’s authorities are in close communication with their US counterparts. The yen was trading around 157.24 per dollar on Friday morning in Tokyo after Mimura spoke. It reached 155.57 per dollar on Thursday, its strongest since late February. Read more: Yen Soars as Japan Likely Intervenes After ‘Final’ Warning Given Mimura also said that Japan is maintaining its readiness to intervene in the crude oil futures market, where authorities have been watching speculative moves affecting the currency. Japan’s Nikkei newspaper cited a government official saying that the government bought yen and sold dollars. Several traders and strategists also said the abruptness of the move indicated action. Economic officials in the US were notified ahead of Japan’s intervention, according to a person familiar with the matter.