Citadel Energy Marketing , the merchant trading arm of Ken Griffin ’s Citadel, has expanded its natural gas pipeline transportation capacity on a key interstate conduit from the Rocky Mountains to Arizona by 37%, positioning itself ahead of anticipated growth in Southwest gas demand. The increased capacity allows Citadel to pick up the gas in Colorado’s Piceance Basin and deliver it to two differe...
Citadel Energy Marketing , the merchant trading arm of Ken Griffin ’s Citadel, has expanded its natural gas pipeline transportation capacity on a key interstate conduit from the Rocky Mountains to Arizona by 37%, positioning itself ahead of anticipated growth in Southwest gas demand. The increased capacity allows Citadel to pick up the gas in Colorado’s Piceance Basin and deliver it to two different points in Arizona near California’s southeastern border. The company now holds approximately 100 million cubic feet per day of transportation capacity on Kinder Morgan’s El Paso Natural Gas Pipeline through March 2031, up from about 73 million cubic feet per day at the start of the year, according to company data analyzed by Bloomberg as of April 1. The expansion comes as analysts forecast growing gas demand to generate electricity for AI data centers in Arizona, with the state becoming “a quickly growing hotspot for data center development,” according to a BNEF report . At the same time, some of the gas currently serving the Southwest market, from the Permian Basin of West Texas and Southeast New Mexico, is set to be redirected east toward a wave of liquefied natural gas export terminals being built on the US Gulf Coast this decade. That could create a vacuum of gas supplies in the Southwest, “creating a competitive opportunity for Rockies gas supply to step in,” according to an April report from consultancy Wood Mackenzie . Gas trading has been a key driver of profits for Citadel. Traders have been increasingly drawn to the physical US gas market in recent years as heightened volatility rewards those with the ability to transport and store molecules, allowing them to take advantage of arbitrage opportunities not always available to strictly financial traders. Citadel declined to comment for this story. Read More: Energy Merchant Six One Overtakes Trafigura in US Gas Trading
tang90246/iStock Editorial via Getty Images BlackRock ( BLK ), Standard Chartered ( SCBFF ) ( SCBFY ), and the crypto trading platform OKX have launched a joint framework to establish new utility for tokenized real-world assets. BlackRock's BUIDL tokenized short-term treasury fund will be integrated into collateral workflows, with StanChart set to act as a custodian in such an arrangement. The Bl...
tang90246/iStock Editorial via Getty Images BlackRock ( BLK ), Standard Chartered ( SCBFF ) ( SCBFY ), and the crypto trading platform OKX have launched a joint framework to establish new utility for tokenized real-world assets. BlackRock's BUIDL tokenized short-term treasury fund will be integrated into collateral workflows, with StanChart set to act as a custodian in such an arrangement. The BlackRock USD Institutional Digital Liquidity Fund is a tokenized money market fund that provides qualified institutional investors with USD yields via blockchain. Select OKX clients can post the treasury fund as collateral held off-exchange in regulated custody at the globally systemically important bank, while trading on OKX Middle East, eliminating the need to move assets between venues. Furthermore, BUIDL can be deposited and traded on-exchange, and used as yield-bearing collateral for margin trading. More on BlackRock, Standard Chartered BlackRock: Time To 'Buy' This Eventual Dividend Aristocrat Now BlackRock: Not Adding Despite A Stellar Q1 2026 BlackRock, Inc. 2026 Q1 - Results - Earnings Call Presentation Trump administration ends two more offshore wind projects What’s next for BlackRock after record first-quarter net inflows
UK artist Linett Kamala was astonished to see a maypole in a Jamaican hamlet – a colonial relic, but one bringing joy. So she reinvented the tradition by ditching English folk tunes and adding bass bins, LED lights and pounding beats In a community centre in London, a ping pong table, a treadmill and a row of computers hug the edges of the room. It all feels familiar, apart from the towering green...
UK artist Linett Kamala was astonished to see a maypole in a Jamaican hamlet – a colonial relic, but one bringing joy. So she reinvented the tradition by ditching English folk tunes and adding bass bins, LED lights and pounding beats In a community centre in London, a ping pong table, a treadmill and a row of computers hug the edges of the room. It all feels familiar, apart from the towering green structure with dangling multicoloured ribbons: a maypole, and we’re here to dance around it. Our group of six circle it and get ready, but instead of traditional English folk music (“And on that tree there was a limb, And on that limb there was a branch …”), it’s dancehall, cranked up loud. This is a session courtesy of British-Jamaican DJ, artist and educator, Linett Kamala. She made her name as one of the first female DJs at Notting Hill carnival in 1985 at just 15 years old, and is now on the event’s board; as Lin Kam Art , Kamala has dedicated much of her life to music, education, community work and art. Continue reading...
HS Management Partners, LLC fully exited its stake in Mattel (NASDAQ:MAT) in the first quarter, according to an SEC filing dated April 27, 2026. The estimated transaction value was $12.45 million, based on the quarterly average price. According to its SEC filing dated April 27, 2026, HS Management Partners, LLC sold its entire 683,200-share position in Mattel during the first quarter. The estimate...
HS Management Partners, LLC fully exited its stake in Mattel (NASDAQ:MAT) in the first quarter, according to an SEC filing dated April 27, 2026. The estimated transaction value was $12.45 million, based on the quarterly average price. According to its SEC filing dated April 27, 2026, HS Management Partners, LLC sold its entire 683,200-share position in Mattel during the first quarter. The estimated transaction value was $12.45 million, calculated using the average closing price between Jan. 1, 2026, and March 31, 2026. The net position value declined by $13.55 million, capturing both the share sale and any stock price changes across the reporting period. This was a full exit from Mattel, leaving the position at 0% of 13F assets under management (AUM). Continue reading
Imladris01/iStock Editorial via Getty Images As I’ve covered back in August 2024 , I was not particularly bullish on ING Groep’s ( ING ) shares at the time due to some rate headwinds and, in my opinion, some better income alternatives in the European banking sector. Despite that, its shares have performed quite well, being up by more than 58% since then. At the time I suggested Danske Bank ( DNKEY...
Imladris01/iStock Editorial via Getty Images As I’ve covered back in August 2024 , I was not particularly bullish on ING Groep’s ( ING ) shares at the time due to some rate headwinds and, in my opinion, some better income alternatives in the European banking sector. Despite that, its shares have performed quite well, being up by more than 58% since then. At the time I suggested Danske Bank ( DNKEY ) as a better income play within the European banking sector, as the Danish bank was selling its Norwegian operations and was going to return excess capital to shareholders. This recommendation has played out relatively well, considering that Danske is up by more than 65% during the same period and has outperformed ING slightly, even though there is a strong correlation between the share prices of the two banks, as can be seen in the next graph. Share price comparison (Seeking Alpha) This happens because both banks are quality plays within the European banking sector and are naturally exposed to rates from the European Central Bank (ECB). While Danske is based in Denmark, the country has a peg to the euro and follows more or less the same monetary policy as the ECB. While interest rates were declining in Europe when I last covered ING, being a main reason why I was cautious on its investment case, this has changed in recent months as the ECB has maintained rates unchanged since June 2025, and, due to recent energy price pressures, the market is expecting some rate hikes from the ECB ahead. Indeed, current forecasts are for two hikes over the next few months to a level of about 2.65% by year-end 2026, which can be a tailwind for banking net interest income (NII) over the coming quarters. Policy rate trend (Trading Economics) While ING is not among the European banks more sensitive to rates, a higher interest rate environment is positive for NII growth ahead, potentially being an important support for revenue and earnings growth. Having said that, ING had a resilient perform...
Created by three dads from Seattle, the resolutely un-mobile handset doesn’t have internet access, apps or even a screen. No wonder anxious parents are snapping it up Name: Tin Can. Age: Launched last April. Continue reading...
Created by three dads from Seattle, the resolutely un-mobile handset doesn’t have internet access, apps or even a screen. No wonder anxious parents are snapping it up Name: Tin Can. Age: Launched last April. Continue reading...
President welcomes UK royals on second day of their state visit ahead of king’s speech to Congress Sign up for the Breaking News US email Donald Trump has reportedly signaled to his top advisers that he is dissatisfied with and unlikely to accept Iran ’s latest proposal to end the war, which would reopen the strait of Hormuz and leave discussion of Iran’s nuclear program for a later date. Two peop...
President welcomes UK royals on second day of their state visit ahead of king’s speech to Congress Sign up for the Breaking News US email Donald Trump has reportedly signaled to his top advisers that he is dissatisfied with and unlikely to accept Iran ’s latest proposal to end the war, which would reopen the strait of Hormuz and leave discussion of Iran’s nuclear program for a later date. Two people familiar with the matter told CNN that Trump conveyed his views during yesterday’s meeting with top national security aides where the Iranian proposal was discussed. One of the people said Trump was not likely to accept the plan, which was sent to the US in the last few days. What I will reiterate is that the president’s red lines with respect to Iran have been made very, very clear , not just to the American public, but also to them as well. I wouldn’t say they’re considering it. I would just say that there was a discussion this morning that I don’t want to get ahead of, and you’ll hear directly from the president, I’m sure, on this topic. Continue reading...
Over the past few years, investors recognized the potential of artificial intelligence (AI) stocks to supercharge their portfolios. There are many players to choose from, but one stock in particular emerged as a surefire winner, and that's Nvidia (NASDAQ: NVDA) . The company, as the AI chip leader, already was generating explosive earnings growth -- and set out a clear plan for lasting success. So...
Over the past few years, investors recognized the potential of artificial intelligence (AI) stocks to supercharge their portfolios. There are many players to choose from, but one stock in particular emerged as a surefire winner, and that's Nvidia (NASDAQ: NVDA) . The company, as the AI chip leader, already was generating explosive earnings growth -- and set out a clear plan for lasting success. So it's no surprise that investors rushed to get in on this stock, driving it to a gain of nearly 700% over three years. The path was rather smooth until the past few months, when concerns about the AI revenue story shook investor confidence, and the war in Iran added to the uncertainty. As a result, Nvidia and many other AI players slipped in the first few months of the year. Continue reading
Vice President, Chief Accounting Officer, and Corporate Controller Rui Zhang of Photronics, Inc. (NASDAQ:PLAB) sold 4,556 shares of common stock in an open-market transaction valued at approximately $213,000 on April 17, 2026, as disclosed in a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($46.70); post-transaction value based on April 17, 2026, market close ($48.38). *...
Vice President, Chief Accounting Officer, and Corporate Controller Rui Zhang of Photronics, Inc. (NASDAQ:PLAB) sold 4,556 shares of common stock in an open-market transaction valued at approximately $213,000 on April 17, 2026, as disclosed in a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($46.70); post-transaction value based on April 17, 2026, market close ($48.38). * 1-year price change calculated using April 27, 2026, as the reference date. Continue reading
lechatnoir/E+ via Getty Images AllianceBernstein ( AB ) reported mixed Q1 results on Tuesday, April 28. The stock traded slightly lower in the premarket, about on par with price action in recent months. A somewhat startling headline was that its dividend declined by 13.5% to $0.83. Back in November 2024 , I had a "B uy" rating on the now $3.5 billion market-cap Financials-sector stock. With a high...
lechatnoir/E+ via Getty Images AllianceBernstein ( AB ) reported mixed Q1 results on Tuesday, April 28. The stock traded slightly lower in the premarket, about on par with price action in recent months. A somewhat startling headline was that its dividend declined by 13.5% to $0.83. Back in November 2024 , I had a "B uy" rating on the now $3.5 billion market-cap Financials-sector stock. With a high 10.1% current dividend yield, AB has returned 15% since my previous analysis, underperforming the S&P 500 by about 5 percentage points. Today, I reiterate a "Buy" rating. I’m reducing my fair value target, however, given soft EPS growth trends lately and a weak chart. The margin of safety is narrower amid ongoing outflows from active strategies. Today, I’ll offer color on the just-released Q1 report, refresh my valuation, and provide an update on the technicals. AB Lags The S&P 500 YoY, Performing In-Line With The Financials Sector Stockcharts.com In April, AB reported a mixed set of quarterly results. Q1 non-GAAP EPS of $0.83 was in line with the Wall Street consensus estimate, while revenue of $871 million, up 4% from the same period a year earlier, was a $23.6 million miss. The net sales gain was primarily due to higher investment advisory base fees, lower investment losses, and higher unitholder servicing fees, partially offset by lower performance-based fees. Units inched lower in the premarket session, and if that holds, it would mark a third consecutive small post-earnings dip. Coming into the Q1 print, the options market had priced in a small 3.6% earnings-related stock price swing based on the at-the-money straddle expiring this week. Implied volatility is also in check at 28%, while short interest is low at 0.3% Looking back on the quarter that was, AB reported a decent start to the year, with Q1 GAAP net income rising to $0.92 per unit, a big 37% increase YoY. Despite a volatile geopolitical climate that led to firmwide net active outflows of $6.3 billion, large...
PM Images/DigitalVision via Getty Images Here is the picture from April 2026 for the U.S. dollar. Nominal Broad U.S. dollar (Federal Reserve) Ended on March 30, 2026 at 126.2851. April 27, 2026... 116.02. Here is the picture for the S&P 500 Stock Index. S&P 500 Stock Index (Federal Reserve) The S&P 500 closed at 7174 on April 27. Here is the picture for the Dow Jones Industrial Average. Dow Jones ...
PM Images/DigitalVision via Getty Images Here is the picture from April 2026 for the U.S. dollar. Nominal Broad U.S. dollar (Federal Reserve) Ended on March 30, 2026 at 126.2851. April 27, 2026... 116.02. Here is the picture for the S&P 500 Stock Index. S&P 500 Stock Index (Federal Reserve) The S&P 500 closed at 7174 on April 27. Here is the picture for the Dow Jones Industrial Average. Dow Jones Industrial Average (Federal Reserve) The Dow Jones Industrial Average closed at 49,168 on April 27. And, here is the picture for the NASDAQ. NASDAQ (Federal Reserve) And , the NASDAQ closed at 24,887 on April 27. President Trump could not have asked for a nicer April. The U.S. dollar declined in value. And, all three stock market indices closed up for the month; two of the indices ended at historical highs. As I reported a few days ago, the Federal Reserve continues to add securities to its securities portfolio. For April 2026, the Fed's securities portfolio was up... and up.. . and up. Chairman Jerome Powell's term as the chairman of the Board of Governors ends in a couple of weeks. His term as a board member, however, is not over for a couple of years. Will he resign as a governor? No answer yet. If he stays, there is no room for Kevin Warsh on the Board. Some current board member would have to become the Chairman. Or, some current board member would have to resign from the board. Whatever.. . things are going to go on. But, Trump has his wish.. . lower value to the U.S. dollar and higher stock prices. Lower interest rates to come later. Or not? Inflation seems to be the picture for the future. Trump would be OK with this. But, it would not get him lower interest rates. Why inflation? Inflation is going to come because there is lots and lots of liquidity in the banking system. There is enough "cash" in the banking system for inflation to become pretty serious. The Federal Reserve really doesn't have to do anything more in this respect to get more and more inflation . And,...
China Labor Watch accused contractors at the Szeged site of requiring thousands of workers to work every day of the week, often in shifts exceeding 12 hours.
China Labor Watch accused contractors at the Szeged site of requiring thousands of workers to work every day of the week, often in shifts exceeding 12 hours.
(RTTNews) - Following the lackluster performance seen in the previous session, stocks have moved mostly lower during trading on Tuesday. The tech-heavy Nasdaq has shown a notable move to the downside, pulling back off yesterday's record closing high.
(RTTNews) - Following the lackluster performance seen in the previous session, stocks have moved mostly lower during trading on Tuesday. The tech-heavy Nasdaq has shown a notable move to the downside, pulling back off yesterday's record closing high.
Lean hog futures were down 12 cents to up a 27 cents across the board on Monday. Open interest was up 2,164 on Monday, suggesting modest new buying. USDA’s national base hog price was reported at $90.24 on Monday afternoon, down 18 cents from the day prior. The CME Lean...
Lean hog futures were down 12 cents to up a 27 cents across the board on Monday. Open interest was up 2,164 on Monday, suggesting modest new buying. USDA’s national base hog price was reported at $90.24 on Monday afternoon, down 18 cents from the day prior. The CME Lean...
Abstract Aerial Art/DigitalVision via Getty Images With tariff wars and skyrocketing oil prices, inflation appears to be gaining momentum once again. In the midst of all this, freight and logistics businesses like Heartland Express, Inc. ( HTLD ) are facing further risks and potential weakness in their business operations. I may have been a bit too early to downgrade its rating to hold, but the cu...
Abstract Aerial Art/DigitalVision via Getty Images With tariff wars and skyrocketing oil prices, inflation appears to be gaining momentum once again. In the midst of all this, freight and logistics businesses like Heartland Express, Inc. ( HTLD ) are facing further risks and potential weakness in their business operations. I may have been a bit too early to downgrade its rating to hold, but the current market dynamics say it is a logical decision. Fundamentals are still robust but do not justify further upside, supported by its valuation and technical caution. Challenges Remained Intense, But It Was Still Fighting Freight and logistics have been vulnerable to market volatility in the past year. In many industry players I’ve covered, I’m sure I’ve already explained how softer consumer spending continued to affect their performance. In Heartland Express, Inc., you may have also seen how it continued to plunge amid weaker demand and freight rate volatility. This is amplified by stubborn inflation despite the efforts of the Fed to keep it low. With that, many businesses like HTLD had to balance or match their operating capacity with the prevalent market dynamics. This was evident in its most recent performance. In Q1 2026, its operating revenue amounted to $176.3M , down by -19.7% YoY from $219.4M. With this double-digit revenue drop, HTLD does not indicate a strong recovery anytime soon. We can attribute this to soft consumer spending in line with the rising prices. This was supported by its capacity contraction. With lower demand through loads/volumes/shipments, it also had to lower its fleet capacity to save more money and avoid unnecessary expenses. Income Statement (HTLD) However, this appeared to be its most decent performance in four quarters . In fact, its YoY revenue drop was much better than in my previous coverage at -26.1%. In Q2 2025 and Q3 2025, the revenue change was -23.4% and -24.5%, respectively. Somehow, this was a slight recovery or improvement from ...
Cullinan Therapeutics ( CGEM ) announced on Tuesday that the U.S. Food and Drug Administration (FDA) has accepted a marketing application for zipalertinib, a cancer therapy developed by the company with Japanese drugmaker Taiho Pharmaceutical. The New Drug Application seeks U.S. approval for the twice-daily oral therapy as a late-line option for patients with locally advanced or metastatic non-sma...
Cullinan Therapeutics ( CGEM ) announced on Tuesday that the U.S. Food and Drug Administration (FDA) has accepted a marketing application for zipalertinib, a cancer therapy developed by the company with Japanese drugmaker Taiho Pharmaceutical. The New Drug Application seeks U.S. approval for the twice-daily oral therapy as a late-line option for patients with locally advanced or metastatic non-small cell lung cancer whose tumors harbor epidermal growth factor receptor (EGFR) exon 20 insertion (ex20ins) mutations. The FDA has assigned February 27, 2027, as the target action date for the NDA, Cullinan ( CGEM ), and Taiho announced in a statement. The NDA is supported by data from the companies’ Phase 2b portion of the REZILIENT1 Phase 1/2 clinical trial, in which Ezipalertinib as a late-line therapy met the primary endpoint of objective response rate in NSCLC patients harboring EGFR ex20ins mutations. More on Cullinan Therapeutics Cullinan Therapeutics: Thesis Strengthening For This T-Cell Engager Specialist Cullinan Therapeutics, Inc. (CGEM) Presents at Citi's 2026 Virtual Oncology Leadership Summit Transcript Cullinan Therapeutics: Cash-Rich Biotech With Multiple Value Drivers Seeking Alpha’s Quant Rating on Cullinan Therapeutics Historical earnings data for Cullinan Therapeutics