July arabica coffee (KCN26 ) on Thursday closed up +11.20 (+3.87%), and May ICE robusta coffee (RMK26 ) closed up +153 (+4.32%). Coffee prices rallied sharply on Thursday and posted 4-week highs. Concerns that a prolonged US-Iran war will keep the Strait of Hormuz closed and disrupt global coffee supplies...
July arabica coffee (KCN26 ) on Thursday closed up +11.20 (+3.87%), and May ICE robusta coffee (RMK26 ) closed up +153 (+4.32%). Coffee prices rallied sharply on Thursday and posted 4-week highs. Concerns that a prolonged US-Iran war will keep the Strait of Hormuz closed and disrupt global coffee supplies...
China has launched a bond-market-connect scheme with Brazil, Chinese media outlets reported this week, marking the first such link among emerging markets. Schemes such as this one, often dubbed “connects” between Chinese bond or stock markets and their offshore counterparts, typically allow investors to bypass special permits or capital-flow controls when trading on either side’s exchanges. China ...
China has launched a bond-market-connect scheme with Brazil, Chinese media outlets reported this week, marking the first such link among emerging markets. Schemes such as this one, often dubbed “connects” between Chinese bond or stock markets and their offshore counterparts, typically allow investors to bypass special permits or capital-flow controls when trading on either side’s exchanges. China now maintains at least five offshore capital-market “connect” schemes on three continents. Hong...
As artificial intelligence (AI) reshapes industries, and competition to gain a place at an elite university intensifies, parents in Hong Kong are being urged to look beyond grades and technical skills when preparing their children for the future. These themes dominated discussions at the SCMP International Schools Festival – Kowloon 2026 sponsored by Prudential Hong Kong Limited, held on March 21 ...
As artificial intelligence (AI) reshapes industries, and competition to gain a place at an elite university intensifies, parents in Hong Kong are being urged to look beyond grades and technical skills when preparing their children for the future. These themes dominated discussions at the SCMP International Schools Festival – Kowloon 2026 sponsored by Prudential Hong Kong Limited, held on March 21 at the Cordis Hotel. The annual event brought together leading international and private schools,...
China’s efforts to cool its automotive price war are faltering as BYD Co. and rivals expand discounts to avoid ceding ground in the world’s largest car market. The average price reduction for BYD cars accelerated to a record 10% in March, according to China Auto Market data compiled by Bloomberg. Discounts by competitors such as Geely Automobile Holdings Ltd. and Chery Automobile Co. have also edg...
China’s efforts to cool its automotive price war are faltering as BYD Co. and rivals expand discounts to avoid ceding ground in the world’s largest car market. The average price reduction for BYD cars accelerated to a record 10% in March, according to China Auto Market data compiled by Bloomberg. Discounts by competitors such as Geely Automobile Holdings Ltd. and Chery Automobile Co. have also edged higher, according to the data. It’s a sobering reminder of the intense competition and overcapacity overshadowing China’s car market as the Beijing auto show gets underway this week. Facing severe pressure on margins at home, BYD, Geely and other Chinese carmakers have increasingly sought out growth in overseas markets, ranging from Brazil and the UK to Australia and Canada. Regulators’ missives aimed at halting deflationary momentum have fallen on deaf ears so far, and industry observers say it won’t stop the discounting trend anytime soon. “Price competition will always exist,” said Yale Zhang, managing director of consultancy Automotive Foresight. “It won’t go away this year or the next.” Almost a year ago, Chinese authorities convened the heads of more than a dozen major electric vehicle makers to bring about a ceasefire in the price war, warning them not to sell cars below cost or to offer unreasonable discounts — something officials have done at least three times this year. Last year’s meeting also covered issues such as “ zero-mileage ” used-car sales and slow-walking payments to parts suppliers. Days later, BYD Chief Executive Officer Wang Chuan-Fu , who’s been dubbed China’s Henry Ford , fought back tears during an investor meeting when discussing “short-term pressures” facing the company and being “misunderstood.” Famously backed in its early days by legendary investor Warren Buffett , BYD is at the center of attention because of its position as the industry leader — even as its sales in China have slid for the past seven consecutive months. In response to step...
Explore the exciting world of Coca-Cola Consolidated (NASDAQ: COKE) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of March 4, 2026. The video was published on April 23, 2026. Continue reading
Explore the exciting world of Coca-Cola Consolidated (NASDAQ: COKE) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of March 4, 2026. The video was published on April 23, 2026. Continue reading
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching on Thursday and what's on the radar for Friday's session. Intel "Morning Call" and "Squawk Box" will pick up where the night teams left off as Intel surged 19% in extended trading...
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching on Thursday and what's on the radar for Friday's session. Intel "Morning Call" and "Squawk Box" will pick up where the night teams left off as Intel surged 19% in extended trading after posting earnings . The stock is in the $79 range — $78 dollars! In the fall of 2024 — 18 months ago — it was a pretty staid $20 stock. CNBC's Kristina Partsinevelos will have more on this company's amazing turnaround and report on what's next. INTC YTD mountain Intel shares year to date Oracle We'll also keep an eye on Oracle . The software giant's stock has been on a roller coaster ride. It fell 6% today. It's up after hours. The stock's gained 20% so far in April. It's up 34% in a year. Shares are less than 50% from the September high. The public private equity guys CNBC's Leslie Picker covers the group and followed its fall on Thursday. We'll stick on it Friday. Carlyle Group dropped 4.4% Thursday. The stock is down 30% since the September high. Apollo Global dropped 3.3% today. The stock is down more than 20% from its July high. KKR fell 4% today. The stock is down 34% from its July high. Blue Owl Capital fell 5% today. The stock is 55% from the July high. Ares fell 5.2%. Shares are 41% from the August high. Big reports on 'Squawk Box' Becky Quick, Joe Kernen and Andrew Ross Sorkin will be watching for Procter & Gamble and Norfolk Southern Friday morning. Procter & Gamble is down 3% in the three months since the company last reported. Shares are 15% from last year's 52-week high. Norfolk Southern is up 12% in three months. The stock hit a new high today. PG YTD mountain Procter & Gamble stock year to date. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of...
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. This week, San Francisco Bureau Chief Felipe Marques takes us inside a new civic gold rush fueled by billionaires. Sign up here if you’re not already on the list. Chris Larsen is not your average tech bro. The 65-year old billionaire, born to a PanAm aircraft mec...
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. This week, San Francisco Bureau Chief Felipe Marques takes us inside a new civic gold rush fueled by billionaires. Sign up here if you’re not already on the list. Chris Larsen is not your average tech bro. The 65-year old billionaire, born to a PanAm aircraft mechanic and a freelance illustrator, graduated from San Francisco State University and landed a job as an accountant at Chevron, auditing places like Brazil and Indonesia. So not exactly an archetypal Bay Area hoodie-wearing prodigy, vibe-coding his way into a startup. Now armed with a $13 billion crypto fortune, Larsen has emerged as a new kind of force in the tech mecca: A power broker willing to spend his vast resources taking down “stupid, job-killing” ideas from unions. This week, my colleague Eliyahu Kamisher chronicled Larsen’s struggle against a union-backed San Francisco tax proposal that would punish companies with highly-paid CEOs . Their fight is emblematic of broader tensions quickly spreading in the US. Across the nation, major Democratic strongholds are struggling with how to cope with massive federal cuts and swelling deficits. From NYC to Washington state, their answer is increasingly taxing the rich and their multibillion dollar businesses . Some billionaires won’t go down quietly . The fallout is putting moderate Democrats, like San Francisco Mayor Daniel Lurie, in a difficult spot, particularly with wealthy donors like Larsen, who supported Kamala Harris in 2024. At the same time, it’s galvanizing more populist wings of the party, emboldened to test voters’ appetite for their tax-the-rich proposals. More than a political fight, this is also about anger—among other things, on how unequally the unprecedented wealth being created by AI is being divided and the job losses it’s leaving on its trail . It’s a sentiment Larsen understands well. “It was anger that ...
Earnings Call Insights: Boyd Gaming (BYD) Q1 2026 Management view CEO Keith Smith said Q1 results reflected “the benefits of our diversified business, our continued focus on operating efficiencies and our ongoing capital investment program,” highlighting company-wide revenues “nearly $1 billion” and EBITDAR of “$317 million,” with property margins “again exceeding 39%.” CEO Smith described regiona...
Earnings Call Insights: Boyd Gaming (BYD) Q1 2026 Management view CEO Keith Smith said Q1 results reflected “the benefits of our diversified business, our continued focus on operating efficiencies and our ongoing capital investment program,” highlighting company-wide revenues “nearly $1 billion” and EBITDAR of “$317 million,” with property margins “again exceeding 39%.” CEO Smith described regional strength and Las Vegas headwinds, saying Midwest & South delivered “broad-based revenue and EBITDAR growth” (revenues up 4%, EBITDAR up 5%, margins “nearly 37%”), while Las Vegas Locals faced “continued softness in destination business” (largest impact at the Orleans) and “more significant construction disruption at the Suncoast,” with disruption expected to last “until we complete our renovation project late in the third quarter.” CEO Smith pointed to new openings and pipeline projects, including “Cadence Crossing Casino on March 25,” a Suncoast modernization “on track for completion towards the end of the third quarter,” and a planned Orleans modernization project beginning in 2027. He also said the $750 million Virginia resort “remains on track for a late 2027 opening,” and that Boyd received “final approval from the Illinois Gaming Board” for Par-A-Dice, with the project expected to be completed “late 2028.” CEO Smith emphasized shareholder returns, stating: “We returned nearly $170 million to our shareholders during the first quarter, $155 million in share repurchases and $14 million in dividends,” and added, “we intend to continue repurchases at a $150 million per quarter pace supplemented by our quarterly dividend.” CFO Josh Hirsberg said: “During the quarter, we invested $155 million and expect to spend $650 million to $700 million in capital expenditures for the full year,” including “$300 million related to our Virginia project.” Outlook Management reiterated online and managed segment full-year expectations, with CEO Smith saying, “we reiterate our previous gui...