Huntington Ingalls ( HII ) has been awarded a $282.9M cost-plus award fee contract for support work on the Navy’s FF(X) class frigate program. The contract involves lead yard support for frigate design and development activities. The work is expected to be completed by April 2028. Around $59.1M (73%) in shipbuilding funds and $21.5M (27%) in R&D funds for FY2026 will be used at award, and the cont...
Huntington Ingalls ( HII ) has been awarded a $282.9M cost-plus award fee contract for support work on the Navy’s FF(X) class frigate program. The contract involves lead yard support for frigate design and development activities. The work is expected to be completed by April 2028. Around $59.1M (73%) in shipbuilding funds and $21.5M (27%) in R&D funds for FY2026 will be used at award, and the contract is managed by Naval Sea Systems Command. More on Huntington Ingalls Huntington Ingalls: Positioned For The Largest Naval Buildout In Decades Huntington Ingalls Industries: High Customer Demand, But Valuation Is High Huntington Ingalls: The Trump Era And Strategic Need For Domestic Shipbuilding Capacity Pentagon details Trump’s $1.5T defense plan; focus on missiles, drones, ships Navy acquisition chief visits HII shipyards as capacity expansion takes focus
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a larger-than-expected draw of 1.79M barrels of oil in U.S. commercial stockpiles for the week ending April 24, after declining by 4.4M barrels in the previous week. G asoline inventories reportedly show a draw of 8.47M b arrels for the week, distillate inventories reportedly show a draw of 2.6M barrels, and inventorie...
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a larger-than-expected draw of 1.79M barrels of oil in U.S. commercial stockpiles for the week ending April 24, after declining by 4.4M barrels in the previous week. G asoline inventories reportedly show a draw of 8.47M b arrels for the week, distillate inventories reportedly show a draw of 2.6M barrels, and inventories at the Cushing storage hub reportedly show a draw of 820K barrels. The Energy Information Administration is scheduled to release its weekly U.S. petroleum supply report on Wednesday; the average of analysts surveyed by The Wall Street Journal forecast domestic commercial crude stocks would decline by 100K barrels, gasoline inventories were expected to drop by 2.1M barrels, and distillate inventories were expected to decline by 1.8M barrels. WTI front-month June crude oil ( CL1:COM ) recently traded at $99.62/bbl, down from Tuesday's $99.93/bbl settlement price. ETF: ( USO ) More on crude oil UAE Quits OPEC, Crude Oil Explodes To $100 - WTI Technical Analysis Oil Forecasts Raised As Prolonged Strait Of Hormuz Disruption Continues 'Spot Up, VIX Up' As Investors Hedge Record Highs In U.S. Equities
Images By Tang Ming Tung/DigitalVision via Getty Images Thesis Artificial Intelligence should lead to many improvements across the finance industry, impacting both traditional banks and newer fintech companies. I believe the possibilities for concrete, substantial positive disruptions are especially high in fintech and the larger finance industry. The potential for AI combined with a well-diversif...
Images By Tang Ming Tung/DigitalVision via Getty Images Thesis Artificial Intelligence should lead to many improvements across the finance industry, impacting both traditional banks and newer fintech companies. I believe the possibilities for concrete, substantial positive disruptions are especially high in fintech and the larger finance industry. The potential for AI combined with a well-diversified portfolio sporting solid fundamentals earns the Global X FinTech ETF ( FINX ) a buy rating from me, but I would keep stakes moderate. I also provides exposure to some companies like PayPal Holdings, Inc. ( PYPL ) and Block, Inc. ( XYZ ), which have been struggling, and that could weigh this portfolio down. Speaking of disruptions, a new entrant may rattle some nerves and force the competition to step up. Elon Musk has been testing X Money, a payment app built on the X platform. During testing, 6% APY savings accounts were offered to users. If X Money offers those rates to the wider population, it could draw in quite a few customers and force competitors to raise interest rates. FinTech Could Be One Of The Biggest Beneficiaries Of AI One of the most important considerations for investors these days is when, how, and where AI will prove disruptive. Even if you think that AI as a whole is a bubble, I still believe this consideration is important. AI is often compared to the dot-com bubble. Yet while the dot-com bubble did wipe out a lot of companies, the Internet grew, and many web-centric organizations, like Amazon.com, Inc. ( AMZN ) and Alphabet Inc. ( GOOG ), ultimately thrived. Likewise, an AI bubble popping might wipe out a lot of companies, but AI as a technology could still prove disruptive in the long run. Some key ways AI could benefit fintech include: Perhaps no industry is as heavily impacted by fraud as the financial industry. Targeting and utilizing modern fintech apps is quite common these days. AI could actually be a threat on this front, empowering criminal...
Stocks in Asia are set for a subdued start after a tech-led selloff dragged down US benchmarks, as doubts resurface over whether massive spending in artificial intelligence will pay off — just as traders brace for a wave of megacap earnings. Equity futures signaled Sydney will open lower, while Hong Kong is set for a modest gain. Tokyo is closed for a holiday. S&P 500 contracts were steady after t...
Stocks in Asia are set for a subdued start after a tech-led selloff dragged down US benchmarks, as doubts resurface over whether massive spending in artificial intelligence will pay off — just as traders brace for a wave of megacap earnings. Equity futures signaled Sydney will open lower, while Hong Kong is set for a modest gain. Tokyo is closed for a holiday. S&P 500 contracts were steady after the US benchmark dropped from a record following a news report that OpenAI failed to meet its own goals for new user acquisition and sales. That fueled worries the firm may struggle to support its AI infrastructure spending — which saw partners such as Oracle Corp. and CoreWeave Inc. slump. OpenAI missed several sales targets after rival Anthropic PBC gained ground in the coding and enterprise markets, the Wall Street Journal reported. Stocks remained lower even as the ChatGPT creator pushed back against those concerns, saying its consumer and enterprise businesses are “firing on all cylinders.” That all came as big techs representing about a quarter of the S&P 500’s value get ready to release their earnings. Alphabet Inc. , Microsoft Corp. , Amazon.com Inc. and Meta Platforms Inc. are set to report Wednesday, followed by Apple Inc. a day later. Tech earnings have been largely shielded from the disruptions of the Iran war. The sector’s results are expected to have grown 41% in the first quarter, according to data compiled by Bloomberg Intelligence . Elsewhere, US oil was little changed in early trading on Wednesday, after gaining more than 5% in the week’s first two sessions on concern over a protracted peace process that could keep the Strait of Hormuz shut for an indefinite period. The recent rally has curbed expectations for Federal Reserve interest-rate cuts and boosted the dollar and Treasury yields. Gold was stable after losing almost 2% on Tuesday. President Donald Trump said Iran has asked the US to lift a naval blockade of the waterway while the two sides negotiate ...
CALGARY, Alberta, April 28, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three months ended March 31, 2026. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ ( www.sedarplus.ca ) and will be available on Pulse’s we...
CALGARY, Alberta, April 28, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three months ended March 31, 2026. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ ( www.sedarplus.ca ) and will be available on Pulse’s website at www.pulseseismic.com .
Oil steadied as investors focused on the next steps for peace talks over the Iran war, with the crucial Strait of Hormuz remaining effectively closed, extending disruptions that have upended global markets. West Texas Intermediate traded near $99 a barrel after advancing 3.7% on Tuesday. Brent closed near $111. President Donald Trump said Iran has asked the US to lift a naval blockade of the strai...
Oil steadied as investors focused on the next steps for peace talks over the Iran war, with the crucial Strait of Hormuz remaining effectively closed, extending disruptions that have upended global markets. West Texas Intermediate traded near $99 a barrel after advancing 3.7% on Tuesday. Brent closed near $111. President Donald Trump said Iran has asked the US to lift a naval blockade of the strait while the two sides negotiate an end to hostilities that have choked off energy supplies from the Middle East. The Strait of Hormuz has been virtually impassable since the conflict began in late February, cutting off flows of crude, gas and oil products, and driving up energy prices. The war has raised concerns about an inflation crisis, with the International Energy Agency calling it the biggest supply shock in history. “I think the US still holds the much bigger advantage, and Iran is feeling the pressure of the blockade,” said Dennis Kissler , senior vice president for trading at BOK Financial Securities Inc. The conflict has led to the United Arab Emirates deciding to leave OPEC next month after six decades of membership. The UAE believes the shortage caused by the war will require agility to respond to market demands without being constrained by the collective decision-making process by the wider group. A ceasefire has been in place since early April, and mediators expect Iran will submit a revised proposal to end the war in the next few days, CNN reported on Tuesday, citing people close to the mediation process. Tehran wants the critical waterway for oil and gas shipments open “as soon as possible, as they try to figure out their leadership situation,” Trump said on Truth Social. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for June delivery dipped 0.5% to $99.47 a barrel at 6:05 a.m. in Singapore. Brent for June settlement closed 2.8% higher at $111.26 a barrel on Tuesday.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Raymond James’ Sunaina Sinha Haldea, Sysco CEO Kevin Hourican, Former Kansas City Fed President Thomas Hoenig, Fidelity’s Jurrien Timmer, Allspring Global Investments’ Abby Roach, Mizuho’s Dan Dolev, Gabelli Funds’ John Belton...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Raymond James’ Sunaina Sinha Haldea, Sysco CEO Kevin Hourican, Former Kansas City Fed President Thomas Hoenig, Fidelity’s Jurrien Timmer, Allspring Global Investments’ Abby Roach, Mizuho’s Dan Dolev, Gabelli Funds’ John Belton, & First Independence Bank CEO Kenneth Kelly. (Source: Bloomberg)
(RTTNews) - Nabors Industries Ltd. (NBR) on Tuesday reported a first-quarter net loss of $15.17 million or $1.54 per share, compared to net income of $32.99 million or $2.18 per share last year.
(RTTNews) - Nabors Industries Ltd. (NBR) on Tuesday reported a first-quarter net loss of $15.17 million or $1.54 per share, compared to net income of $32.99 million or $2.18 per share last year.
Raytheon ( RTX ) has received a $206.2M cost-plus incentive contract for advanced GPS-related system work for the U.S. Navy. The company will handle design, engineering, testing, and integration of next-gen M-Code GPS into a Navy landing system, plus build 4 prototype models. The work is scheduled to be completed by April 2030. Around $11.5M in FY2026 Navy R&D funds will be used at award time, and...
Raytheon ( RTX ) has received a $206.2M cost-plus incentive contract for advanced GPS-related system work for the U.S. Navy. The company will handle design, engineering, testing, and integration of next-gen M-Code GPS into a Navy landing system, plus build 4 prototype models. The work is scheduled to be completed by April 2030. Around $11.5M in FY2026 Navy R&D funds will be used at award time, and the contract is managed by the Naval Air Systems Command. More on RTX Corporation RTX Corporation: Patience Will Be Rewarded RTX Corporation: Gift Exit Despite Solid Results RTX Corporation: Disappointing Beat And Raise Provides Buy Opportunity RTX ends in green after six straight sessions of losses Earnings Scorecard: 19 out of 23 S&P 500 industrial firms beat EPS estimates this week
US gasoline prices hovered near highs not seen since the start of the Iran war, and Brent crude rose to $110 a barrel, delivering a 5% price spike this week as the Trump administration mulled a response to Iran’s latest proposal. The Islamic Republic has signaled it may be willing to accept an interim deal to reopen the Strait of Hormuz in exchange for Washington ending its blockade of Iranian por...
US gasoline prices hovered near highs not seen since the start of the Iran war, and Brent crude rose to $110 a barrel, delivering a 5% price spike this week as the Trump administration mulled a response to Iran’s latest proposal. The Islamic Republic has signaled it may be willing to accept an interim deal to reopen the Strait of Hormuz in exchange for Washington ending its blockade of Iranian ports, while postponing more complex negotiations over the country’s nuclear program. Tehran is insisting on keeping some control over shipping through the strait, a point likely to be contested by the White House. Foreign leaders, meanwhile, are increasingly frustrated with the diplomatic impasse and the continued closure of the waterway, which has led to fuel rationing across much of Asia and Africa and fears of a global economic slowdown. In addition to candid criticism from Europe, a new Reuters poll shows President Donald Trump facing record low domestic approval in his second term. What You Need to Know Today In a historic move , the United Arab Emirates said it will leave OPEC next month, a significant blow to the group . The UAE’s announcement raises questions about OPEC’s future just as it grapples with an unprecedented energy crisis triggered by the US and Israeli decision to wage war on Iran. The UAE’s exit, after six decades of membership, is the culmination of years of tension with OPEC leader Saudi Arabia over oil output policy and regional political influence. While the UAE has talked in the past about quitting OPEC, Energy Minister Suhail Al Mazrouei said in an interview that the disruption caused by the war created an opportune time for the move . Shell CEO Says Blockade May Mean Energy Shortages Last Into 2027 “We are talking about roughly 900 million barrels that haven’t been produced in the last couple of months and that’s been replaced essentially by stock drawdown,” Wael Sawan said. Read more The UAE’s OPEC Exit Is Existential for the Oil Cartel Three of ...
Silicon Motion Technology press release ( SIMO ): Q1 Non-GAAP EPS of $1.58 beats by $0.28 . Revenue of $342.1M (+105.5% Y/Y) beats by $42.52M . For the second quarter of 2026, management expects: ($ in millions, except percentages) GAAP Non-GAAP Adjustment Non-GAAP Revenue $393 to $411+15% to 20% Q/Q+98% to 107% Y/Y -- $393 to $411+15% to 20% Q/Q+98% to 107% Y/Y Gross margin 48.5% to 49.5% Approxi...
Silicon Motion Technology press release ( SIMO ): Q1 Non-GAAP EPS of $1.58 beats by $0.28 . Revenue of $342.1M (+105.5% Y/Y) beats by $42.52M . For the second quarter of 2026, management expects: ($ in millions, except percentages) GAAP Non-GAAP Adjustment Non-GAAP Revenue $393 to $411+15% to 20% Q/Q+98% to 107% Y/Y -- $393 to $411+15% to 20% Q/Q+98% to 107% Y/Y Gross margin 48.5% to 49.5% Approximately $0.1* 48.5% to 49.5% Operating margin 19.8% to 21.1% Approximately $3.6 to $4.6** 21.0% to 22.0% Click to enlarge More on Silicon Motion Technology Silicon Motion Q1 Preview: AI Growth Is Unstoppable Silicon Motion: Further Upside Beckons As Demand For Enterprise-Grade SSDs Steps Up A Memory Super-Cycle Is Highlighting Silicon Motion's Opportunity Silicon Motion Technology likely to report 'solid' Q1, Wedbush says Silicon Motion Technology Q1 2026 Earnings Preview
Earnings Call Insights: Camden National Corporation (CAC) Q1 2026 Management View “Earlier this morning, we reported strong first quarter results with net income of $21.9 million and earnings per share of $1.29,” said Simon Griffiths (CEO, President & Director), adding that “adjusted net income and adjusted diluted EPS increased 39% year-over-year in the first quarter of 2026.” Griffiths framed Q1...
Earnings Call Insights: Camden National Corporation (CAC) Q1 2026 Management View “Earlier this morning, we reported strong first quarter results with net income of $21.9 million and earnings per share of $1.29,” said Simon Griffiths (CEO, President & Director), adding that “adjusted net income and adjusted diluted EPS increased 39% year-over-year in the first quarter of 2026.” Griffiths framed Q1 performance as steady versus Q4: “These results were near our record earnings reported last quarter,” and said the quarter reflected “the continued value generated by the Northway Financial acquisition and ongoing organic financial improvements across the franchise, despite macroeconomic headwinds and the seasonal softening we typically experience in the first quarter.” On balance sheet and capital, Griffiths said, “Our tangible common equity ratio increasing to 7.64% at quarter's end,” and added, “we are focused on balancing reinvestment in the franchise with returning capital to shareholders, including through our recently announced share repurchase program and regular cash dividend.” On funding, Griffiths said, “Our deposit base reached $5.6 billion at March 31, representing a 1% increase from the prior quarter,” while emphasizing, “Our goal is to build long-term customer relationships, not simply pursue rate-driven volume.” On product/technology, Griffiths said, “Our internally developed AI platform, Camden IQ, anchors our AI initiatives,” and highlighted new tools: “Recently, we launched Prep IQ,” and “Loan IQ, another internally developed tool, further enhances efficiency by streamlining access to loan policy.” Michael Archer (Executive VP & CFO) tied profitability to operating discipline: “Our financial operating metrics continue to trend favorably,” citing “a reported return on average assets of 1.28%, a return on average tangible equity of 18.17%, and a non-GAAP efficiency ratio of 53.21%.” Outlook Archer guided near-term margin: “As we move into the second quarte...
Earnings Call Insights: Lightbridge Corporation (LTBR) Q1 2026 Management view "We have made meaningful progress on several fronts in 2026" as Lightbridge "expanded our intellectual property protection across 3 major jurisdictions" and "advanced our fuel qualification program through a new engineering partnership for thermal-hydraulic testing," according to "President, CEO & Chairman of the Board ...
Earnings Call Insights: Lightbridge Corporation (LTBR) Q1 2026 Management view "We have made meaningful progress on several fronts in 2026" as Lightbridge "expanded our intellectual property protection across 3 major jurisdictions" and "advanced our fuel qualification program through a new engineering partnership for thermal-hydraulic testing," according to "President, CEO & Chairman of the Board Seth Grae". On intellectual property, "President, CEO & Chairman of the Board Grae" said the quarter included patent allowances in Canada, the U.S., and Europe, including an allowance that "extends protection across 39 contracting states, including the United Kingdom, France, Germany and all major European nuclear markets." On development work at Idaho National Laboratory, "Executive Vice President of Nuclear Operations Andrey Mushakov" said the company "entered into Project Task Statement #6" with INL "to support the development of co-extruded fuel rod segments for future radiation testing" and that the scope includes "enhancements to fabrication processes and equipment" and "validation of co-extruded techniques for both cylindrical and multi-lobed fuel designs." On thermal-hydraulic testing, "Executive Vice President Mushakov" said Lightbridge entered "an initial engineering contract and standard work with Stern Laboratories, Inc." and described a phased effort, with Phase 1 including "single rod critical heat flux investigation at steam water conditions up to 1,450 psi." On irradiation testing status, "Vice President of Engineering Scott Holcombe" said, "We expect the initial batch of partially irradiated samples to be removed from the ATR in the coming weeks with post-irradiation examination expected to begin later this year." On liquidity and financing, "CFO, Treasurer & Corporate Secretary Lawrence Goldman" said, "As of March 31, 2026, we held approximately $215.7 million in cash and cash equivalents" and "we raised $18.6 million in net proceeds through our at-the-mar...