Kwarkot/iStock via Getty Images Adamas Trust ( ADAM ) was downgraded at B. Riley Securities even as the mortgage REIT's Q1 earnings beat the consensus by a wide margin. "Investment activity continues to be strong at ADAM, with single-family credit growing 5.6% Q/Q while agency grew 1.4%, which is
Kwarkot/iStock via Getty Images Adamas Trust ( ADAM ) was downgraded at B. Riley Securities even as the mortgage REIT's Q1 earnings beat the consensus by a wide margin. "Investment activity continues to be strong at ADAM, with single-family credit growing 5.6% Q/Q while agency grew 1.4%, which is
The S&P 500 Index ($SPX ) (SPY ) today is up +0.39%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. June E-mini S&P futures (ESM26 ) are up +0.35%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.39%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. June E-mini S&P futures (ESM26 ) are up +0.35%, and June E-mini Nasdaq futures...
The dollar index (DXY00 ) today fell to a 1-week low and is down by -0.67%. Today’s +2% rally in the yen is weighing on the dollar after Japanese Finance Minister Satsuki Katayama warned that Japan is close to intervening in the forex market to support the yen. Also, lower...
The dollar index (DXY00 ) today fell to a 1-week low and is down by -0.67%. Today’s +2% rally in the yen is weighing on the dollar after Japanese Finance Minister Satsuki Katayama warned that Japan is close to intervening in the forex market to support the yen. Also, lower...
Canadian jet manufacturer Bombardier Inc. surged after it raised its cash flow outlook for this year and reported strong interest in its defense products. The company, which was on the brink of bankruptcy in 2020, said it plans to pay down another C$150 million ($110 million) in debt this year and is closing in on its leverage target. “Our debt is melting away,” Chief Executive Officer Eric Martel...
Canadian jet manufacturer Bombardier Inc. surged after it raised its cash flow outlook for this year and reported strong interest in its defense products. The company, which was on the brink of bankruptcy in 2020, said it plans to pay down another C$150 million ($110 million) in debt this year and is closing in on its leverage target. “Our debt is melting away,” Chief Executive Officer Eric Martel said. Shares of Bombardier were up 19% to C$285.41, the highest intraday level in more than 23 years. The company earned $1.81 per share on an adjusted basis in the first quarter, much higher than the 77 cents anticipated by analysts in Bloomberg survey. “As we’ve done in the past, when we have excess cash available on the balance sheet, we will look to deploy it — first toward debt retirement and then toward other investments,” Chief Financial Officer Bart Demosky told analysts. “We will have opportunities in the future as well to refinance at lower rates and continue to drive down interest expense.” In calls with analysts and journalists, executives wouldn’t rule out acquisitions in the aircraft services and defense sectors. It’s also possible the company will invest in increasing production capacity for its long-range Global models. Bombardier announced in January that it would build a new manufacturing center near Montreal to boost production of its smaller Challenger models. The company now expects free cash flow to exceed $1 billion this year. Its adjusted net debt to Ebitda ratio now stands at 1.8 times, nearing the 1.5 times target. (The acronym stands for earnings before interest, taxes, depreciation and amortization.) At the end of March, Bombardier’s order backlog was $20.3 billion, up 16% from a year ago, and its book-to-bill was 3.6 times. Vista Global Holding Ltd. ordered 40 Challenger 3500 aircraft in February , and earlier this month, Bond expanded its commitment for a new Bombardier fleet of more than 120 aircraft to $5 billion from $4 billion. General Dyn...
Manus, an AI company Meta acquired for $2 billion last year is running ads promising quick, easy money with AI: Find local businesses without websites or with bad websites, have AI build them one, then call them up and sell it to them. As part of the campaign, Manus was paying content creators to build out Instagram, YouTube, and TikTok accounts that promote its AI product as an easy, lucrative gi...
Manus, an AI company Meta acquired for $2 billion last year is running ads promising quick, easy money with AI: Find local businesses without websites or with bad websites, have AI build them one, then call them up and sell it to them. As part of the campaign, Manus was paying content creators to build out Instagram, YouTube, and TikTok accounts that promote its AI product as an easy, lucrative gig. (The creators' TikTok accounts were taken down after The Verge inquired about them.) Some of these videos would also appear as official ads for Manus, but the posts on the paid creator accounts themselves often obscured their ties to the company … Read the full story at The Verge.
zhaojiankang/iStock via Getty Images Investment Thesis At a price-to-earnings of only 10x based on 2026 earnings, Marathon Petroleum Corporation ( MPC ) is a highly attractive opportunity. Marathon Petroleum has an impressively long track record of outperforming the broader market (the SPY
zhaojiankang/iStock via Getty Images Investment Thesis At a price-to-earnings of only 10x based on 2026 earnings, Marathon Petroleum Corporation ( MPC ) is a highly attractive opportunity. Marathon Petroleum has an impressively long track record of outperforming the broader market (the SPY
atakan/iStock via Getty Images Activist Jana Partners is renewing a push for Markel Group ( MKL ) to divest its venture arm, and it also wants the insurer to repurchase $2 billion of its stock. “The current structure produces sub-peer shareholder returns, creates no unique value and
atakan/iStock via Getty Images Activist Jana Partners is renewing a push for Markel Group ( MKL ) to divest its venture arm, and it also wants the insurer to repurchase $2 billion of its stock. “The current structure produces sub-peer shareholder returns, creates no unique value and
Khosrork Shares of Lucid Group (LCID ) rose 6.86% to $6.16 in the afternoon trading on Thursday , ending a six-session losing streak. The stock had fallen around 17% between April 22 and April 29, while the S&P 500, slipped 0.03% over the same period.
Khosrork Shares of Lucid Group (LCID ) rose 6.86% to $6.16 in the afternoon trading on Thursday , ending a six-session losing streak. The stock had fallen around 17% between April 22 and April 29, while the S&P 500, slipped 0.03% over the same period.
Wednesday evening, the Financial Times reported that SoftBank was going to list an AI robotics company in the U.S., valued at up to $100 billion. The company, called Roze, likely includes assets, including ABB’s robotics division, that SoftBank agreed to buy in October for $5.4 billion. Investors will have to see what other assets are part of Roze.
Wednesday evening, the Financial Times reported that SoftBank was going to list an AI robotics company in the U.S., valued at up to $100 billion. The company, called Roze, likely includes assets, including ABB’s robotics division, that SoftBank agreed to buy in October for $5.4 billion. Investors will have to see what other assets are part of Roze.