First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers Just days after the UAE publicly signaled liquidity concerns by requesting swap lines from the Federal Reserve to ease pressures on the country's banks, major Gulf oil producer, the UAE, has decided to exit the oil cartel - an unexpected development that crossed Bloomberg headlines on Tuesday morning aro...
First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers Just days after the UAE publicly signaled liquidity concerns by requesting swap lines from the Federal Reserve to ease pressures on the country's banks, major Gulf oil producer, the UAE, has decided to exit the oil cartel - an unexpected development that crossed Bloomberg headlines on Tuesday morning around 0822 ET. OPEC finished https://t.co/RtxJdZQeQh — zerohedge (@zerohedge) April 28, 2026 The official website of the Emirates News Agency (WAM) broke the story, stating that the UAE has decided to exit OPEC and OPEC+ as of May 1, in line with the country's long-term strategic and economic plan. The move would represent a major rupture within OPEC, with direct implications for the remaining 11 members: Saudi Arabia, Iran, Iraq, Kuwait, Venezuela, Nigeria, Libya, Algeria, Congo, Equatorial Guinea, and Gabon. Yes it was https://t.co/SqwLJlxmDV — zerohedge (@zerohedge) April 28, 2026 WAM said the decision reflects the " evolution of sector policies to enhance flexibility in responding to market dynamics, while continuing to contribute to market stability in a thoughtful and responsible manner ." OPEC was founded in Baghdad in September 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Its original purpose was to give oil-producing states more control over pricing and production after Western oil majors dominated global crude markets. Important to note : UAE ranks among the top producers in OPEC (~4.05 million bpd), making it a major player with growing capacity ambitions (targeting 5 million bpd by 2027). WTI futures fell on the news but have since rebounded. UAE credit risk has soared since the start of the war... UBS analyst Matthew Cowley responded to the developing, telling clients: "This would weaken OPEC's ability to defend price floors, especially during economic slowdowns." UAE's full statement: Abu Dhabi, April 28 / WAM / The United Arab Emirates announced tod...
Itron press release ( ITRI ): Q1 Non-GAAP EPS of $1.49 beats by $0.25 . Revenue of $587M (-3.3% Y/Y) beats by $14.86M . Total first quarter revenue of $587 million compared to $607 million in the prior year. The decrease was driven primarily by portfolio optimization and the timing of project deployments. Device Solutions revenue decreased 1%, or 9% in constant currency, due to lower legacy electr...
Itron press release ( ITRI ): Q1 Non-GAAP EPS of $1.49 beats by $0.25 . Revenue of $587M (-3.3% Y/Y) beats by $14.86M . Total first quarter revenue of $587 million compared to $607 million in the prior year. The decrease was driven primarily by portfolio optimization and the timing of project deployments. Device Solutions revenue decreased 1%, or 9% in constant currency, due to lower legacy electricity product sales related to portfolio optimization in EMEA and lower North American project deployments. Networked Solutions revenue decreased 13%, or 14% in constant currency, due to the timing of project deployments. Outcomes revenue increased 22%, or 20% in constant currency, due to increased recurring and services revenue. Resiliency Solutions revenue was $16 million which now includes revenue from both Urbint and Locusview. The Locusview acquisition closed in January 2026. Outlook for the second quarter of 2026 is as follows: Revenue between $560 and $570 million vs $606.97M consensus Non-GAAP diluted EPS between $1.25 and $1.35 vs $1.46 consensus Shares -3% PM. More on Itron Itron: Acquisitions Come At A Price Itron: Despite A Cheap Relative Valuation, Shares Don't Justify An Upgrade Now Itron: Staying Bullish On Q4 Beat And Strategic M&A Itron Q1 2026 Earnings Preview Itron says unauthorized 3rd party gained access to some systems
Cloud AI is positioned at a critical junction, as its influence on Wall Street has been marked by increased infrastructure investments and heightened valuations. Dan Herbatschek, CEO of Ramsey Theory Group, suggests this period could be transformative as major tech firms, including Microsoft, Meta, Amazon, and Alphabet, report their earnings, driving scrutiny towards the return on AI investments. ...
Cloud AI is positioned at a critical junction, as its influence on Wall Street has been marked by increased infrastructure investments and heightened valuations. Dan Herbatschek, CEO of Ramsey Theory Group, suggests this period could be transformative as major tech firms, including Microsoft, Meta, Amazon, and Alphabet, report their earnings, driving scrutiny towards the return on AI investments. Investors are beginning to demand more than ambitious AI narratives; they seek tangible financial...
World No 1’s winning streak up to 20 after 6-2, 7-5 win Rafael Jodar’s latest win finished at 1am on Monday Jannik Sinner suggested the Madrid Open organisers should reconsider their tournament scheduling to avoid late-night finishes like the one Rafael Jodar experienced in the third round on Sunday. In a rare 11am local start on Tuesday, Sinner moved past British 19th seed Cameron Norrie 6-2, 7-5...
World No 1’s winning streak up to 20 after 6-2, 7-5 win Rafael Jodar’s latest win finished at 1am on Monday Jannik Sinner suggested the Madrid Open organisers should reconsider their tournament scheduling to avoid late-night finishes like the one Rafael Jodar experienced in the third round on Sunday. In a rare 11am local start on Tuesday, Sinner moved past British 19th seed Cameron Norrie 6-2, 7-5 to reach the quarter-finals. He explained he was put on first on Manolo Santana Stadium so that Jodar, his potential next opponent, would be scheduled in the afternoon to give the Spaniard time to recover from his three-set win over João Fonseca that ended at 1am on Monday morning. Continue reading...
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. "This decision follows a comprehensive review of the UAE's production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market's pressing needs," the UAE energy ministry said in a statement. T...
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. "This decision follows a comprehensive review of the UAE's production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market's pressing needs," the UAE energy ministry said in a statement. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Investing.com -- D.A. Davidson initiated coverage of Micron Technology with a Buy rating and a $1,000 price target on Monday, the highest on Wall Street, arguing that artificial intelligence is fundamentally reshaping the memory industry in ways that markets have yet to fully appreciate.
Investing.com -- D.A. Davidson initiated coverage of Micron Technology with a Buy rating and a $1,000 price target on Monday, the highest on Wall Street, arguing that artificial intelligence is fundamentally reshaping the memory industry in ways that markets have yet to fully appreciate.
Applied Industrial Technologies ( AIT ) declares $0.51/share quarterly dividend , in line with previous. Forward yield 0.68% Payable May 29; for shareholders of record May 15; ex-div May 15. See AIT Dividend Scorecard, Yield Chart, & Dividend Growth. More on Applied Industrial Technologies Applied Industrial: Growth Is Not Enticing Right Now Applied Industrial Technologies GAAP EPS of $2.65 beats ...
Applied Industrial Technologies ( AIT ) declares $0.51/share quarterly dividend , in line with previous. Forward yield 0.68% Payable May 29; for shareholders of record May 15; ex-div May 15. See AIT Dividend Scorecard, Yield Chart, & Dividend Growth. More on Applied Industrial Technologies Applied Industrial: Growth Is Not Enticing Right Now Applied Industrial Technologies GAAP EPS of $2.65 beats by $0.01, revenue of $1.25B beats by $20M Large-cap stocks with highest dividend growth grade Seeking Alpha’s Quant Rating on Applied Industrial Technologies Historical earnings data for Applied Industrial Technologies
Franklin Resources press release ( BEN ): Q2 Non-GAAP EPS of $0.71 beats by $0.16 . Revenue of $2.29B (+8.5% Y/Y) beats by $240M . Total AUM was $1,682.1 billion at March 31, 2026, down $1.9 billion during the quarter due to the negative impact of $30.2 billion of net market change, distributions, and other, partially offset by $16.9 billion of long-term net inflows, inclusive of $4.1 billion of l...
Franklin Resources press release ( BEN ): Q2 Non-GAAP EPS of $0.71 beats by $0.16 . Revenue of $2.29B (+8.5% Y/Y) beats by $240M . Total AUM was $1,682.1 billion at March 31, 2026, down $1.9 billion during the quarter due to the negative impact of $30.2 billion of net market change, distributions, and other, partially offset by $16.9 billion of long-term net inflows, inclusive of $4.1 billion of long-term net outflows at Western, and $11.4 billion of cash management net inflows. Long-term net inflows for the quarter include $3.2 billion of long-term reinvested distributions. Shares +2.6% PM. More on Franklin Resources Franklin Resources: March AUM Data Is A Potential Warning Sign Franklin Resources: Don't Mistake A Bull Market For An Improved Business Franklin Resources, Inc. (BEN) Q1 2026 Earnings Call Transcript Franklin Resources FQ2 2026 Earnings Preview Franklin Resources to acquire crypto investment manager, form Franklin Crypto unit
Morsa Images/DigitalVision via Getty Images Back in early February of this year, I made the decision to rate Village Farms International, Inc. ( VFF ) a soft Buy. At the time, I found myself impressed with the overall growth story of the company. On top of this, we were seeing profitability improve, an attractive valuation, and a strong balance sheet all rolled into one. Investments being made by ...
Morsa Images/DigitalVision via Getty Images Back in early February of this year, I made the decision to rate Village Farms International, Inc. ( VFF ) a soft Buy. At the time, I found myself impressed with the overall growth story of the company. On top of this, we were seeing profitability improve, an attractive valuation, and a strong balance sheet all rolled into one. Investments being made by the company into international expansion, including in the Netherlands and Canada, would set the stage for further expansion. And when you added all of that together, the business made for an appealing prospect. Unfortunately, since then, the stock has dropped 11.6%. This is at a time when the S&P 500 ( SP500 ) is up 3.7%. By the way I view it, this move lower, which came in response to management falling short of analysts’ expectations when it announced results for the final quarter of the 2025 fiscal year, was an overreaction. And when you step away and look at the big picture, the company is certainly appealing enough to justify the bullish assessment that I detailed in that article. Taking a fresh look at Village Farms International At its core, Village Farms International operates these days as a player in the cannabis industry. The company does this through more than 8 million square feet of greenhouse space spread across parts of Canada and Texas and through partner greenhouses that are located in Canada and Mexico. And of course, the company has other operations as well. This has historically included growing certain crops like tomatoes, bell peppers, and cucumbers. In my previous article, I detailed how the company's opportunity when it comes to the cannabis market will likely be more significant in Canada and the Netherlands than it is in the U.S. I cited one source that indicated that, in 2024, 54% of the U.S. population lived in the states where cannabis is legal for recreational purposes. And states representing 74% of the population of the country have it lega...