In trading on Thursday, shares of Summit Hotel Properties Inc's 5.875% Series F Cumulative Preferred Stock (Symbol: INN.PRF) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $16.25 on the day. This c
In trading on Thursday, shares of Summit Hotel Properties Inc's 5.875% Series F Cumulative Preferred Stock (Symbol: INN.PRF) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $16.25 on the day. This c
Funtap U.S. Treasury yields moved sharply lower Thursday afternoon after President Trump indicated that planned military strikes on Iran had been halted, easing concerns about a potential escalation in Middle East tensions and boosting sentiment across financial markets. The development sparked a broad rally on Wall Street, while investors also increased purchases of U.S. government debt. Stronger...
Funtap U.S. Treasury yields moved sharply lower Thursday afternoon after President Trump indicated that planned military strikes on Iran had been halted, easing concerns about a potential escalation in Middle East tensions and boosting sentiment across financial markets. The development sparked a broad rally on Wall Street, while investors also increased purchases of U.S. government debt. Stronger demand for Treasuries pushed bond prices higher and yields lower across the curve. The benchmark U.S. 10 Year Treasury yield ( US10Y ) declined 9 basis points to 4.46%, reflecting a significant shift in investor expectations following the geopolitical update. The move was accompanied by gains in equities as traders welcomed signs of a possible diplomatic breakthrough involving Iran. Shorter-term yields also retreated. The rate-sensitive U.S. 2 Year Treasury yield ( US2Y ) fell 8 basis points to 4.06%, At the same time, the longer-end U.S. 30 Year Treasury yield ( US30Y ) dropped 8 basis points to 4.95%. Market participants have closely monitored developments in the Middle East in recent weeks, with geopolitical uncertainty contributing to volatility across asset classes. Thursday’s bond rally suggested investors viewed the latest headlines as reducing near-term risks, helping support both stocks and fixed-income markets. Fixed Income ETFs: ( TLT ), ( TLH ), ( IEF ), ( IEI ), ( SHY ), ( SGOV ), ( SCHO ), ( BIL ), ( AGG ), ( BND ), ( VCIT ), ( MUB ), ( MBB ), ( JNK ), ( LQD ), ( HYG ), ( VTIP ), ( TIP ), ( SCHP ), ( STIP ), ( TIPX ), ( SPIP ), ( WIP ), ( GTIP ), ( LQDI ), and ( RINF ). More on markets Trump halts Iran strikes and signals major Middle East agreement nearing completion Top 10 most oversold S&P 500 stocks ETFs are ready for liftoff as SpaceX IPO fuels interest in space stocks Over 40% of S&P 500 stocks trade below their 200-day MA amid selloff 15 dividend stocks to watch as downward momentum grips Wall Street
Sadler’s Wells, London The company’s centenary celebration isn’t about nostalgia – this occasionally thrilling triple bill of recent creations showcases some excellent dancers Britain’s oldest dance company is celebrating its 100th anniversary but this celebratory tour is decidedly no exercise in nostalgia. As the title, This is Rambert, makes clear, it’s a mission statement, a manifesto, and all ...
Sadler’s Wells, London The company’s centenary celebration isn’t about nostalgia – this occasionally thrilling triple bill of recent creations showcases some excellent dancers Britain’s oldest dance company is celebrating its 100th anniversary but this celebratory tour is decidedly no exercise in nostalgia. As the title, This is Rambert, makes clear, it’s a mission statement, a manifesto, and all about the present moment. So no harking back to the company’s beginnings in the early years of British ballet, or the deliberate shift into modern dance in the 1960s. The Rambert brand has gone through some chameleonic changes across the last century, settling for a while into a pattern of reputable, reliable, something-for-everyone shows. Current artistic director Benoit Swan Pouffer wants to shake things up, to prove there’s nothing geriatric about this centenarian. Continue reading...
In 30 years working in New Zealand’s agriculture sector, Mark Leslie can’t recall a sweeter spot of strong commodity prices and cooperative weather. “It is a good time to be a farmer,” says the chief executive of Pamu Landcorp Farming Ltd., New Zealand’s state-owned farming company that manages more than 100 farms across the country. “It’s not often you get good prices for products, and products r...
In 30 years working in New Zealand’s agriculture sector, Mark Leslie can’t recall a sweeter spot of strong commodity prices and cooperative weather. “It is a good time to be a farmer,” says the chief executive of Pamu Landcorp Farming Ltd., New Zealand’s state-owned farming company that manages more than 100 farms across the country. “It’s not often you get good prices for products, and products right across the board, but at the same time, climatically, most of the country’s had a pretty good year.” Leslie has spent the last few days at the National Fieldays, an agricultural exhibition held in the dairy rich North Island province of Waikato. The mood is buoyant: Incomes are up thanks to high prices for commodities ranging from milk to meat, while balance sheets in the dairy sector have been strengthened by a capital return from milk processing giant Fonterra Cooperative Group. But the windfall is largely confined to regional towns. While food makes up nearly two-thirds of all exports, its overall contribution to gross domestic product is less than 15%. That’s created a two-speed economy with the majority of the population based in urban areas battered by high living costs, a weak labor market and falling housing prices. “If you go into rural towns, they’re pretty buoyant at the moment,” said Leslie. “It’s probably different when you think about the center of Auckland or the center of Wellington.” Read more: World’s Biggest Housing Bubble Pops, Roiling New Zealand Economy Among the thousands of farmers and those servicing the sector who came to Fieldays is Dave Knowles, sales manager at CNH Industrial, which sells Case and New Holland tractors. He’s been coming to the expo for over 20 years and said this year the vibe is good: “People are shopping, there’s a lot of conversations, there’s a lot of genuine interest.” Prime Minister Christopher Luxon needs some of that rural confidence to spread into the big cities and stoke growth ahead of the Nov. 7 election. His Nat...
16 Academics Sign Letter Calling For Public Inquest Into Epstein Accuser's Suicide Authored by Rex Widerstrom via The Epoch Times , The death last year of Jeffrey Epstein accuser Virginia Giuffre was ruled a suicide by police, but 16 academics have now penned an open letter to the state coroner calling for a formal public inquest into possible domestic violence links. Undated handout file photo is...
16 Academics Sign Letter Calling For Public Inquest Into Epstein Accuser's Suicide Authored by Rex Widerstrom via The Epoch Times , The death last year of Jeffrey Epstein accuser Virginia Giuffre was ruled a suicide by police, but 16 academics have now penned an open letter to the state coroner calling for a formal public inquest into possible domestic violence links. Undated handout file photo issued by the US Department of Justice (left-right) of the former Duke of York, Virginia Giuffre, and Ghislaine Maxwell. Giuffre died on April 25, 2025, aged 41, at her farm in Western Australia, leaving behind three children with her husband, Robert Giuffre. On March 30, she'd made her last social media post, claiming on Instagram that she had gone into renal failure after a bus accident and that she had been given four days to live. It is accompanied by a photo in which she is lying on her side in what appears to be a hospital bed, with bruises visible on her face. The newest letter, published by the Centre for the Elimination of Violence Against Women (CEVAW) at Melbourne Law School, is signed by 16 academics who are all researchers and experts in domestic and violence against women. The group says there is "evidence that makes such an inquest not only appropriate but necessary." They rely on statistics that link suicides to the experience of family violence, such as a 2107 investigation by the Ombudsman, which found that 56 percent of women and children who died by suicide in Western Australia that year had been victims of domestic violence. "This figure is almost certainly an underestimate given the well-documented underreporting of DFV [domestic and family violence] in official systems," the letter goes on to say. " Emerging evidence further suggests that deaths by suicide in the context of DFV may be three times greater than the number of women killed by an intimate partner - yet unlike homicide, these deaths rarely receive equivalent scrutiny. "Coronial processes too ...
Ark Investment Management ’s Brett Winton said SpaceX could generate $300 billion in annual revenue by deploying tens of gigawatts of orbital data center capacity by the late 2020s at the current rental rates. Winton, Ark’s chief futurist, gave that assessment Thursday ahead of the pricing of SpaceX’s record initial public offering, spelling out the math that he sees behind the company that is now...
Ark Investment Management ’s Brett Winton said SpaceX could generate $300 billion in annual revenue by deploying tens of gigawatts of orbital data center capacity by the late 2020s at the current rental rates. Winton, Ark’s chief futurist, gave that assessment Thursday ahead of the pricing of SpaceX’s record initial public offering, spelling out the math that he sees behind the company that is now the largest position in Ark’s venture fund. SpaceX’s opportunities include a new booster rocket and its lucrative Starlink satellite internet business. “Starlink alone — it’s a six-month cash-on-cash return,” Winton said Thursday in a Bloomberg Television interview, because a SpaceX launch full of satellites costs about $500 million but will generate $1 billion annually across those units’ five-year lifespan. Switching from the current Falcon 9 rockets to SpaceX’s new Starship at the same launch cadence would generate nearly $200 billion in revenue within two years just from Starlink satellites, without requiring the 1,000 annual launches needed to meet Elon Musk’s ambitious target of 1 million tons of cargo in orbit within five years, Winton said. Ark has projected SpaceX could reach a $2.5 trillion enterprise value by 2030, though the company reported a $4.28 billion loss for the first quarter despite Starlink’s profitability. Winton said SpaceX’s AI operations don’t need to succeed for investors to achieve strong returns, though profitability depends on how much capital the company deploys toward terrestrial data centers to compete with frontier AI labs. Like other investors backing SpaceX in private markets, Winton said Musk may opt to fold in SpaceX and his publicly traded Tesla Inc. — a step that the billionaire took earlier this year when he combined SpaceX and xAI. “It’s a reasonable assumption — more likely than not” once the restrictions around the IPO are lifted, Winton said. “It makes a ton of strategic sense.” (This story was produced with the assistance of Bl...
Eli Lilly (NYSE: LLY) and Novo Nordisk (NYSE: NVO) reported Q1 2026 results that pulled the GLP-1 duopoly apart. Lilly grew revenue 55.5% and raised guidance. Novo posted a 4% adjusted sales decline at constant currency and is cutting 9,000 jobs. Both call obesity the prize, but their quarters tell very different stories about who ... Eli Lilly vs Novo Nordisk: The Battle for Obesity Drug Supremac...
Eli Lilly (NYSE: LLY) and Novo Nordisk (NYSE: NVO) reported Q1 2026 results that pulled the GLP-1 duopoly apart. Lilly grew revenue 55.5% and raised guidance. Novo posted a 4% adjusted sales decline at constant currency and is cutting 9,000 jobs. Both call obesity the prize, but their quarters tell very different stories about who ... Eli Lilly vs Novo Nordisk: The Battle for Obesity Drug Supremacy
For the next 39 days, 104 matches will be played throughout the United States, Mexico and Canada until a World Cup winner is crowned on 19 July. Amid the excitement around the world’s biggest sporting event, there has also been intense controversy and scrutiny. Ticket prices, transport costs, climate threats and security concerns have left fans with mixed emotions. “The US of Donald Trump is tonal...
For the next 39 days, 104 matches will be played throughout the United States, Mexico and Canada until a World Cup winner is crowned on 19 July. Amid the excitement around the world’s biggest sporting event, there has also been intense controversy and scrutiny. Ticket prices, transport costs, climate threats and security concerns have left fans with mixed emotions. “The US of Donald Trump is tonally different to any host of a major sporting event that has preceded it: a country that actively wants you to see the darkness in its heart, the inhumanity at its core, that gets off on your revulsion,” writes Guardian columnist Jonathan Liew. But ultimately who takes the blame? Fifa, argues Jonathan. Opinion: how the Omar Artan scandal reveals Gianni Infantino for what he is: one of sport’s greatest cowards Continue reading...
Intel has become a star of the artificial intelligence trade, and Jim Cramer said investors need to own the stock. "If you don't own Intel, please buy it," said Jim during Thursday's Morning Meeting , touting the chipmaker as it becomes more crucial to the artificial intelligence data center buildout. He said it's now his favorite name in the chip space. "Intel's my No. 1 name, not Nvidia ," Jim s...
Intel has become a star of the artificial intelligence trade, and Jim Cramer said investors need to own the stock. "If you don't own Intel, please buy it," said Jim during Thursday's Morning Meeting , touting the chipmaker as it becomes more crucial to the artificial intelligence data center buildout. He said it's now his favorite name in the chip space. "Intel's my No. 1 name, not Nvidia ," Jim said. He argued that portfolio holding Nvidia, the leading maker of AI chips, has become a source of funds for investors looking to raise capital ahead of the SpaceX initial public offering Friday. But with Intel, that's not the case. Intel's stock popped up nearly 8% Thursday following a double upgrade by Bank of America. The firm elevated the stock to a buy from a sell-equivalent rating, and raised its price target to $135 from $96. Analysts based the call on higher confidence in Intel's opportunity to benefit from AI spending in two ways: its central processing units (CPUs) and its contract chip manufacturing business, known as Intel Foundry. Both reasons are why the Club initiated a position in the company last week at a price target of $140 per share. Shares of Intel and other AI chipmakers were then hit with a wave of selling in recent days. Thursday's gains put Intel back to around $115, slightly above the price of our first buy on June 3. We added to our position at $101.80 a share on June 5. Bank of America now projects Intel's server CPU sales to hit $40 billion by calendar year 2030 — a very bullish target versus the consensus. Wall Street currently expects Intel's data center and AI segment to generate $32.5 billion in 2030, according to FactSet; the vast majority of that segment's revenues are from CPUs, per BofA. The analysts believe Intel will capture about 25% of a total addressable market for server CPUs worth $170 billion, up from its prior estimate of $135 billion. Intel's blowout quarter in April was a huge reality check for investors that revealed a boom...
hapabapa/iStock Editorial via Getty Images Despite trading flat on the year, AbbVie Inc. ( ABBV ) has rebounded ~14% from the April lows, registering a one-year total return of 22.6%, in line with the S&P 500's ( SPY ) 21.7% figure. The company has been successful in replacing Humira, two years past the U.S. loss of exclusivity (LOE) cliff. The ex-Humira platform has been compounding well, with SK...
hapabapa/iStock Editorial via Getty Images Despite trading flat on the year, AbbVie Inc. ( ABBV ) has rebounded ~14% from the April lows, registering a one-year total return of 22.6%, in line with the S&P 500's ( SPY ) 21.7% figure. The company has been successful in replacing Humira, two years past the U.S. loss of exclusivity (LOE) cliff. The ex-Humira platform has been compounding well, with SKYRIZI and RINVOQ guided to produce a combined ~$31.8 billion in FY2026E revenue. Neuroscience has emerged as a second growth pillar, which is headed towards ~$12.6 billion in FY2026E. EPS is projected to jump to $14.26 in FY2026E from $10.00 in FY2025, a ~43% surge reflecting IPR&D charges/Humira loss fading. FCF is also expected to rise 54% to $27.5 billion, while net debt/EBITDA is likely to decline to 1.6x from 2.4x during the same period. Q1 FY2026 Earnings Recap Earnings were reported late in April, and AbbVie reported a 12.4% Y/Y increase in revenue of $15 billion, beating its prior guidance by $300 million, and it is the eighth consecutive quarter of beats on both top and bottom lines. Adjusted EPS of $2.65 was also $0.07 ahead of guidance, which is remarkable since it includes $0.41 of unfavorable acquired IPR&D expense. As a result, the management raised their guidance for FY2026. Adjusted EPS notched up $0.12 at the midpoint to $14.08–$14.28, while revenue was upgraded by $300 million to $67.3 billion. The Q2 guide of ~$16.7 billion revenue and $3.74–$3.78 adjusted EPS implies ~8.6% Y/Y revenue and ~26-27% EPS growth rates, which is solid and confirms continual acceleration. Below is the segment detail breakdown. The mix shines a good light—Humira is only worth $0.7 billion in its remaining base, while SKYRIZI/RINVOQ have been picking up at a ~20-29% Y/Y pace. Further, the management has noted a stable pricing for SKYRIZI in Q1 and only expects a low-single-digit erosion for the remainder of the year, which is relatively positive for a drug at this scale. Franchis...