A father and daughter in New Jersey have pleaded guilty to running a years-long counterfeiting scheme to trick art galleries and auction houses into buying forged paintings (Image credit: Jake Offenhartz)
A father and daughter in New Jersey have pleaded guilty to running a years-long counterfeiting scheme to trick art galleries and auction houses into buying forged paintings (Image credit: Jake Offenhartz)
(RTTNews) - Delivery Hero SE (DELHY, DHER.DE), a German online food delivery platform, reported Thursday higher Group Gross Merchandise Value or GMV and segment revenues in its first quarter. Further, the firm confirmed fiscal 2026 outlook, stating that it is confident in achievi
(RTTNews) - Delivery Hero SE (DELHY, DHER.DE), a German online food delivery platform, reported Thursday higher Group Gross Merchandise Value or GMV and segment revenues in its first quarter. Further, the firm confirmed fiscal 2026 outlook, stating that it is confident in achievi
ridham supriyanto UK's Standard Chartered reported a strong Q1 performance with pretax profit of about $2.45 billion, up roughly 17% Y/Y and ahead of forecasts of $2.14B. Its EPS was 0.742, up 31% Y/Y The beat was driven by strong net new money inflows into its wealth management business, which has become one of the bank’s key growth engines across Asia, the Middle East, and Africa. Net interest i...
ridham supriyanto UK's Standard Chartered reported a strong Q1 performance with pretax profit of about $2.45 billion, up roughly 17% Y/Y and ahead of forecasts of $2.14B. Its EPS was 0.742, up 31% Y/Y The beat was driven by strong net new money inflows into its wealth management business, which has become one of the bank’s key growth engines across Asia, the Middle East, and Africa. Net interest income rose 1% to $2.9B, while non-interest income climbed 16% to $3B, driven by strong growth in Wealth Solutions and Global Banking. Wealth Solutions posted a record quarter, with income up 32% on robust investment products and bancassurance, while Global Banking rose 19% on higher deal activity and capital markets volumes. The company kept its 2026 outlook unchanged: operating income is expected to grow at the lower end of the 5%–7% range Y/Y; cost expected to be flat, while its statutory RoTE greater than 12%. "Despite ongoing geopolitical tensions and global economic uncertainty, our advantaged market presence and disciplined risk management give us confidence in our ability to perform. We continue to support our clients as they manage their businesses and wealth across borders, and we look forward to setting out our next phase of growth at our Investor Event next month." said Bill Winters CEO. More on Standard Chartered Standard Chartered PLC (SCBFY) Presents at European Financials Conference 2026 Transcript Standard Chartered PLC (SCBFY) Q4 2025 Earnings Call Transcript Standard Chartered PLC 2025 Q4 - Results - Earnings Call Presentation BlackRock, StanChart, crypto trading platform launch joint framework Hong Kong grants first of stablecoin licenses to HSBC, Standard Chartered JV
Maks_Lab/iStock via Getty Images By Lynn Song , Chief Economist, Greater China Official manufacturing PMI broadly stable in April China's official manufacturing purchasing managers’ index edged down slightly to 50.3 in April from 50.4 but still came in stronger than both our forecast and broader market expectations. In terms of the key subindices, production edged up 0.1pp to 51.5, while employmen...
Maks_Lab/iStock via Getty Images By Lynn Song , Chief Economist, Greater China Official manufacturing PMI broadly stable in April China's official manufacturing purchasing managers’ index edged down slightly to 50.3 in April from 50.4 but still came in stronger than both our forecast and broader market expectations. In terms of the key subindices, production edged up 0.1pp to 51.5, while employment also moved 0.2pp higher, staying in contraction at 48.8. However, overall new orders dropped quite significantly to 50.6 from 51.6, suggesting weak orders domestically. The more encouraging data points were the new export orders subindex, which rose 1.2pp to 50.3. It returned to expansionary levels for the first time since April 2024, as did the imports subindex, which eked back into expansionary territory at 50.1 for the first time since March 2024. This data suggests that trade activity remained solid in April. In terms of price pressures, the raw material purchase price index (63.7) and ex-factory prices (55.1) both remained quite elevated, though down slightly from March's levels. This early data suggests that the reflation trend is continuing, likely to be confirmed by the inflation data out on 11 May. The RatingDog manufacturing PMI also beat expectations solidly. It rose to 52.2, up from 50.8. The outperformance of this measure, which samples more export-oriented private firms, suggests that external demand continues to outpace domestic demand. Export orders returned to expansion for the first time since 2024, but overall new orders slowed Non-manufacturing PMI ties January for a 40-month low Non-manufacturing PMI data was less encouraging in April, down to 49.4 again, tying January's data for a 40-month low. The new orders subindex fell to 44.3, which was the lowest level since 2022. New export orders fared a little better at 47.3 but still remained in contraction for the 16th consecutive month. The only silver lining was a slight uptick in business expectations t...
Japan’s economy presented a stark contrast in March 2026, as resilient consumer spending fueled by government stimulus offset a unexpected contraction in industrial activity. While retail sales comfortably beat market expectations. Retail sales in Japan rose by 1.7% year-over-year in March 2026, rebounding from a revised 0.1% decline in February and exceeding market predictions of 0.8%. This incre...
Japan’s economy presented a stark contrast in March 2026, as resilient consumer spending fueled by government stimulus offset a unexpected contraction in industrial activity. While retail sales comfortably beat market expectations. Retail sales in Japan rose by 1.7% year-over-year in March 2026, rebounding from a revised 0.1% decline in February and exceeding market predictions of 0.8%. This increase reflects the government's stimulus efforts to boost spending. On a monthly basis, retail trade grew 1.3%, rebounding from a 2.0% fall in February. Meanwhile, industrial production fell by 0.5% month-on-month, below the 1.1% expected, marking a second consecutive decline due to external challenges. On an annual basis, output increased 2.3%, picking up from a 0.4% rise in February and marking the fastest pace since June 2025. The Nikkei 225 Index dropped 1% to around 59,300, while the broader Topix Index fell 1.6% to 3,710 in post-holiday trading on Thursday . The Japanese yen weakened past the critical 160 per dollar threshold on Thursday, reaching its lowest level since July 2024. More on Japan economy
Bilanol/iStock via Getty Images Shares of Regency Centers ( REG ) have been a moderate performer over the past year, gaining about 10%, a solid total return but below the market’s rally, given its relatively steady business. Even as long-term rates have remained high, Regency has pushed towards a 52-week high recently, reflecting the fact that grocery-anchored centers are among the most resilient ...
Bilanol/iStock via Getty Images Shares of Regency Centers ( REG ) have been a moderate performer over the past year, gaining about 10%, a solid total return but below the market’s rally, given its relatively steady business. Even as long-term rates have remained high, Regency has pushed towards a 52-week high recently, reflecting the fact that grocery-anchored centers are among the most resilient asset classes in commercial real estate (“CRE”). However, Q1 results were basically in line, and shares traded modestly lower in late trading on Wednesday. I last covered shares in October , rating them a “ H old” in portfolios, but even a "B uy" was merited given the 12% rally since then. With updated financials, now is a good time to revisit Regency. Seeking Alpha In the company’s first quarter , Regency Centers generated $1.20 of FFO (funds from operations), which was a penny below expectations . Regency in a grocery-anchored REIT. The grocery anchor helps to provide a steady flow of traffic, which then supports the other businesses. Importantly, it has an attractive tenant mix. Grocery, of course, is its largest component, at 20%. Plus, grocery stores have fairly limited e-commerce risk, adding to the durability of their foot traffic. I also view the fact that apparel is just 5% of the footprint. Regency Centers Now, restaurant spending can be cyclical, which may be a source of concern, especially with higher oil prices. However, my analysis has found that restaurant spending is actually fairly resilient to gas prices. Many of its other categories, like banks, medical, and fitness, are resilient client types. Plus, it has brought down pharmacy exposure, an area of difficulty as operators close locations, to just 2%. This tenant mix should lead to strong occupancy, which is precisely what we are seeing. Within its same property portfolio, 96.6% of space was leased, which is flat from last year. 94.3% is occupied, which is up 90 bps from last year. Generally speaking, REG...
If you view earnings presentations as material on which to make a proxy vote over buying, selling, or holding a stock, then you'd think your only choice would be to sell Tesla (NASDAQ: TSLA) stock after the first-quarter earnings report. The key point is that the company ramped up its near-term capital spending plans, but CEO Elon Musk appeared to push back expectations for an early ramp-up in Rob...
If you view earnings presentations as material on which to make a proxy vote over buying, selling, or holding a stock, then you'd think your only choice would be to sell Tesla (NASDAQ: TSLA) stock after the first-quarter earnings report. The key point is that the company ramped up its near-term capital spending plans, but CEO Elon Musk appeared to push back expectations for an early ramp-up in Robotaxi deployment. That said, there's a case to be made that these actions derisk the company and put it on a more stable footing from which it can now start overdelivering. After telling investors in January to expect more than $20 billion in capital spending for 2026, Tesla increased the estimate to more than $25 billion. Moreover, there's the future investment to consider that Tesla will make into Terafab, a vertically integrated semiconductor plant to be built in partnership with SpaceX and xAI. Continue reading
(RTTNews) - European stocks may tumble at open on Thursday as investors await the European Central Bank (ECB) and the Bank of England's (BOE) policy decisions and policymakers' assessment of the ongoing Middle East conflict.
(RTTNews) - European stocks may tumble at open on Thursday as investors await the European Central Bank (ECB) and the Bank of England's (BOE) policy decisions and policymakers' assessment of the ongoing Middle East conflict.
Earnings Call Insights: Red Rock Resorts (RRR) Q1 2026 Management view “The first quarter represented another strong quarter for the company across all key measures,” and “our Las Vegas operations delivered the highest first quarter net revenue and the second highest first quarter adjusted EBITDA in our history while maintaining near record adjusted EBITDA margin,” according to (Executive VP, CFO ...
Earnings Call Insights: Red Rock Resorts (RRR) Q1 2026 Management view “The first quarter represented another strong quarter for the company across all key measures,” and “our Las Vegas operations delivered the highest first quarter net revenue and the second highest first quarter adjusted EBITDA in our history while maintaining near record adjusted EBITDA margin,” according to (Executive VP, CFO & Treasurer Stephen Cootey). On Durango, (CFO Cootey) said, “we remain very pleased with Durango's performance and the successful revenue backfill at our core properties,” adding that “Durango continues to expand in the Las Vegas Locals market and drive incremental play from our existing customers.” On the next major growth project at Durango, (CFO Cootey) said, “the Durango North expansion… is scheduled to open in the summer of 2027 with a total cost estimated at approximately $385 million,” and will add “more than 275,000 square feet… including nearly 400 additional slot machines” plus “a 36-lane bowling facility, luxury movie theaters,” and “our partnership with Moonshine Flats.” “On a consolidated basis, our first quarter net revenue… was $507.3 million,” and “we converted 50.3% of our adjusted EBITDA into operating free cash flow, generating $107 million or $1.03 per share,” (CFO Cootey) said. Outlook (CFO Cootey) said, “as we look ahead into the second quarter, we are seeing stable trends in our core slot and table business… consistent with a return to more typical seasonal patterns,” while also noting “continued near-term disruption from our ongoing construction at and around Durango Sunset Station and Green Valley Ranch.” (CFO Cootey) reiterated capital spending expectations: “for the full year 2026, we expect to spend between $375 million and $425 million,” including “$275 million to $300 million in investment capital” and “$100 million to $125 million in maintenance capital.” On leverage tolerance as new projects are considered, (CFO Cootey) said, “while we'd love...
Société Générale Société anonyme press release ( SCGLY ): Q1 Non-GAAP EPS of €2.05. Revenue of €7.11B (+0.4% Y/Y). Cost-to-income ratio of 60.9%2 in Q1 26 vs. 65.0% in Q1 25. Group net income of €1,696 million in Q1 26, +5.5% vs. Q1 25. Profitability (ROTE) of 11.7%. Completion on 18 March 2026 of the 2025 ordinary share buy-back programme of €1,462 million, launched on 9 February 2026. CET1 ratio...
Société Générale Société anonyme press release ( SCGLY ): Q1 Non-GAAP EPS of €2.05. Revenue of €7.11B (+0.4% Y/Y). Cost-to-income ratio of 60.9%2 in Q1 26 vs. 65.0% in Q1 25. Group net income of €1,696 million in Q1 26, +5.5% vs. Q1 25. Profitability (ROTE) of 11.7%. Completion on 18 March 2026 of the 2025 ordinary share buy-back programme of €1,462 million, launched on 9 February 2026. CET1 ratio of 13.5% at end of Q1 26. Liquidity Coverage Ratio of 149% at end of Q1 26.