Investing.com -- Meta Platforms Inc. plans to cut 10% of its workforce, or roughly 8,000 employees, in an effort to boost efficiency and offset heavy spending on artificial intelligence, according to a Bloomberg report on Thursday.
Investing.com -- Meta Platforms Inc. plans to cut 10% of its workforce, or roughly 8,000 employees, in an effort to boost efficiency and offset heavy spending on artificial intelligence, according to a Bloomberg report on Thursday.
New Zealand all-rounder Suzie Bates will retire from international cricket after this year's Women's T20 World Cup, ending an illustrious 20-year career.
New Zealand all-rounder Suzie Bates will retire from international cricket after this year's Women's T20 World Cup, ending an illustrious 20-year career.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. At Navios Maritime Partners, a filing with the SEC revealed that on Tuesday, See R
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. At Navios Maritime Partners, a filing with the SEC revealed that on Tuesday, See R
Funding markets have remained remarkably calm even as investors continue to debate risks around Federal Reserve balance-sheet policy and the outlook for repo. Jerome Schneider, managing director at Pimco and head of short-term portfolio management and funding, joins Ira Jersey, Bloomberg Intelligence chief US interest-rate strategist, and Will Hoffman, BI US and Canadian rates strategist, on this ...
Funding markets have remained remarkably calm even as investors continue to debate risks around Federal Reserve balance-sheet policy and the outlook for repo. Jerome Schneider, managing director at Pimco and head of short-term portfolio management and funding, joins Ira Jersey, Bloomberg Intelligence chief US interest-rate strategist, and Will Hoffman, BI US and Canadian rates strategist, on this Macro Matters edition of the FICC Focus podcast. Schneider discusses why the funding backdrop looks
Microsoft stock is sinking as the company offers voluntary buyouts to 7% of the U.S. workforce. Here’s why long-term investors should consider buying the dip in MSFT shares.
Microsoft stock is sinking as the company offers voluntary buyouts to 7% of the U.S. workforce. Here’s why long-term investors should consider buying the dip in MSFT shares.
The Swiss National Bank maintains an increased readiness to step into currency markets, Vice President Antoine Martin told public broadcaster RTS. “We have an elevated willingness to intervene in the FX markets,” Martin said in a television interview broadcast on Thursday. “What we have seen since the start of the conflict in Iran is that the Swiss franc has fallen in value. So yes, we are concern...
The Swiss National Bank maintains an increased readiness to step into currency markets, Vice President Antoine Martin told public broadcaster RTS. “We have an elevated willingness to intervene in the FX markets,” Martin said in a television interview broadcast on Thursday. “What we have seen since the start of the conflict in Iran is that the Swiss franc has fallen in value. So yes, we are concerned about the strength of the Swiss franc, we have said that we are prepared to take action. But since the start of the conflict, things have gone rather well.” An account of the SNB’s most recent policy meeting — where interest rates were kept at zero — showed that officials agreed that they should remain on high alert about the strength of the franc and be especially ready to take action if required. The Swiss currency currently trades at lower levels versus the euro and the dollar than when the war started. SNB Reports First-Quarter Loss as Strong Franc Erases Gold Gain Swiss Real Wages Jump Most in Almost Two Decades in Warning to SNB SNB Outlook for Inflation, Growth Too Optimistic, Economists Say Turning to Swiss banking, Martin said that the SNB “fully support the measures proposed yesterday by the Federal Council.” The government on Wednesday outlined plans that would add billions of dollars to UBS Group AG’s capital requirements, deepening a showdown with the lender over its proposed banking reforms. “Recent experience shows that banks tend to paint a grim picture,” Martin said. SNB Reports First-Quarter Loss as Strong Franc Erases Gold Gain Swiss Real Wages Jump Most in Almost Two Decades in Warning to SNB SNB Outlook for Inflation, Growth Too Optimistic, Economists Say
International stocks have been hot over the past 16 months, significantly outperforming U.S. stocks since the beginning of 2025. That outperformance continued into 2026, as most international indexes are up, while U.S. markets have mostly sputtered through the first four months of the year. Diversifying your portfolio with international stocks and exchange-traded funds (ETFs) is more important now...
International stocks have been hot over the past 16 months, significantly outperforming U.S. stocks since the beginning of 2025. That outperformance continued into 2026, as most international indexes are up, while U.S. markets have mostly sputtered through the first four months of the year. Diversifying your portfolio with international stocks and exchange-traded funds (ETFs) is more important now than it has been in recent years, when U.S. stocks were surging. With market uncertainty and the potential for muted long-term returns in the U.S., particularly among large caps and tech stocks, investors may find some alpha overseas. Image source: Getty Images. Continue reading
Dover on Thursday reported healthy first-quarter results, highlighted by double-digit earnings growth and a brimming order book. In an AI-obsessed market, the industrial conglomerate is sometimes overlooked by investors. On Thursday, at least, it's getting a much-deserved day in the sun. Revenue rose 10% year over year to $2.05 billion, topping the LSEG consensus of $2 billion. On an organic basis...
Dover on Thursday reported healthy first-quarter results, highlighted by double-digit earnings growth and a brimming order book. In an AI-obsessed market, the industrial conglomerate is sometimes overlooked by investors. On Thursday, at least, it's getting a much-deserved day in the sun. Revenue rose 10% year over year to $2.05 billion, topping the LSEG consensus of $2 billion. On an organic basis, which removes the impact of acquisitions and currency exchange fluctuations, total revenue grew 5.3%. Adjusted earnings per share (EPS) in the three months ended in March totaled $2.28, a 2-cent beat versus the LSEG consensus, and up 11.2% from a year earlier. DOV YTD mountain Dover YTD Shares of Dover jumped about 5.5% on Thursday to roughly $229 apiece. Dover entered Thursday up just shy of 11% year to date, essentially in line with the broader industrial sector . The stock's all-time closing high came on Feb. 20 at $233.31, eight days before the Iran war broke out and muddied the global economic outlook. Bottom line A round of applause for Dover and CEO Richard Tobin. Going into earnings, we said we were on the fence about whether Dover still belonged in the portfolio — not because it's a poorly run company, or didn't have anything exciting going on. The debate essentially boiled down to this: Did Dover have enough going right to capture investors' attention and dollars in a market dominated by the artificial intelligence gold rush? We knew it had some businesses riding the AI wave, specifically around liquid cooling in data centers and spending to update the electric grid. But it also has a bunch of other businesses serving markets like can-making, vehicle repair lifts, and textile printing that, well, aren't exactly in the market zeitgeist. Against that backdrop, would Dover be able to break through? Were there better opportunities elsewhere, even staying within the industrial sector, that had more AI exposure, a la Club name GE Vernova ? We're stepping off the fence...
Nuclear energy is making a comeback in the U.S. in a big way. Fossil fuels contribute to global warming, and solar and wind energy face limitations. Add to that the rapid adoption of energy-hungry artificial intelligence (AI) data centers, and you have a perfect storm driving demand for nuclear power. It's a bit ironic, then, that Nvidia (NASDAQ: NVDA) , whose graphics processing units (GPUs) unde...
Nuclear energy is making a comeback in the U.S. in a big way. Fossil fuels contribute to global warming, and solar and wind energy face limitations. Add to that the rapid adoption of energy-hungry artificial intelligence (AI) data centers, and you have a perfect storm driving demand for nuclear power. It's a bit ironic, then, that Nvidia (NASDAQ: NVDA) , whose graphics processing units (GPUs) underpin advances in AI, is partnering with nuclear start-up Oklo (NYSE: OKLO) to advance the next generation of nuclear power. Image source: The Motley Fool. Continue reading
Key PointsCapital Management sold 443,826 shares of WisdomTree in Q1 2026, with an estimated transaction value of roughly $6.9 million based on quarterly average pricing.
Key PointsCapital Management sold 443,826 shares of WisdomTree in Q1 2026, with an estimated transaction value of roughly $6.9 million based on quarterly average pricing.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Alphabet Inc (Symbol: GOOG), where a total of 122,966 contracts have traded so far, representing approximately 12.3 million underlying shares. That amounts to about 67.5%
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Alphabet Inc (Symbol: GOOG), where a total of 122,966 contracts have traded so far, representing approximately 12.3 million underlying shares. That amounts to about 67.5%
UnitedHealth Group (UNH) has taken investors on a crazy ride. Once known as a defensive stalwart with the biggest weighting in the Dow Jones Industrial Average, it has become a roller coaster. Shares have tumbled over 60% from their November 2024 highs driven by fundamentals but also marked by an unthinkable shock. Medical cost inflation surged, squeezing margins and forcing guidance lower, while ...
UnitedHealth Group (UNH) has taken investors on a crazy ride. Once known as a defensive stalwart with the biggest weighting in the Dow Jones Industrial Average, it has become a roller coaster. Shares have tumbled over 60% from their November 2024 highs driven by fundamentals but also marked by an unthinkable shock. Medical cost inflation surged, squeezing margins and forcing guidance lower, while Washington added uncertainty around reimbursements and oversight. At the same time, the killing of UnitedHealthcare CEO Brian Thompson in New York added another layer of uncertainty during an already fragile period for the company and its stock. As the stock sold off, big money stepped in. Berkshire Hathaway built a sizable position, while David Tepper's Appaloosa Management, Michael Burry's Scion Asset Management, as well as Jane Street and Citadel Advisors added exposure, signaling confidence in a turnaround. These are not bad coattails to ride. Now the stock's price action is giving strong technical signals. The set-up looks great from a risk/reward perspective. It appears many of Wall Street's most notable titans are about to be rewarded and so could you as this turnaround goes into full swing. The setup This stock has all the perfect set ups for a turnaround. Granted, it's taking some time and there's been a lot of volatility along the way, but I think we are finally getting an all clear. We have a more definable risk and potentially a great reward. For those that think you missed an opportunity by not buying ahead of earnings, you wouldn't be wrong, but now we've got confirmation not just from earnings but from price action that things are on the up and up. The trend This stock had been mired in a two-year downtrend and finally broken it. We made a higher low on its last trip below $300 and are now safely above all key moving averages. Near term it is slightly overbought based on its current RSI reading, but stocks can remain overbought for an extended period and cons...
CNBC's Jim Cramer on Thursday called Tesla a buy following its latest earnings and what Elon Musk said on the call. "As someone who is looking at all the other technologies, I would be a buyer of Tesla today," Cramer said on " Squawk on the Street ." He argued that investors focused on near-term concerns are missing Tesla's long-term potential. The electric vehicle maker reported mixed results Wed...
CNBC's Jim Cramer on Thursday called Tesla a buy following its latest earnings and what Elon Musk said on the call. "As someone who is looking at all the other technologies, I would be a buyer of Tesla today," Cramer said on " Squawk on the Street ." He argued that investors focused on near-term concerns are missing Tesla's long-term potential. The electric vehicle maker reported mixed results Wednesday evening, posting first-quarter adjusted earnings per share of 41 cents versus estimates of 37 cents. Revenue of $22.39 billion, however, came in slightly below estimates of $22.64 billion. Shares fell almost 4% on Thursday as investors reacted to rising capital expenditures and a potentially slower rollout of key initiatives like robotaxis and full self-driving. Cramer said the tone of Musk's commentary on the call reinforced his bullish view, pointing to the Tesla CEO's continued emphasis on long-term innovation, particularly around artificial intelligence and robotics. Cramer highlighted Tesla's humanoid robot, Optimus, which Musk has previously said could become the company's most important product. "This is why you own it," Cramer said, noting that Musk "thinks so much bigger than everyone," except maybe for Nvidia CEO Jensen Huang, and is focused on building transformative technologies rather than optimizing for near-term results. With ongoing speculation about closer ties between Tesla and SpaceX, which is expected to pursue an initial public offering later this year, owning shares of the EV maker increasingly represents a broader bet on Musk's wider ecosystem of companies. Last month, SpaceX bought Musk's xAI startup, which also houses the Grok chatbot and X, formerly known as Twitter. Musk acknowledged that Tesla will "substantially" increase capital expenditures, a move that appeared to unsettle investors concerned about profitability and free cash flow. But Cramer framed such spending as a strategic investment. The market's negative reaction also reflected ...
Meta Platforms计划裁员10%以提升效率并对冲在人工智能方面的高额支出,约8000名员工受到影响。 该公司在周四发给员工的一份备忘录中披露了这一举措,并表示裁员将于5月20日实施。Meta将不再招聘原计划填补的6000个空缺职位。 Meta已预计今年资本支出将创下纪录,在过去几个月该公司宣布了多项与AI合作伙伴的数十亿美元交易。公司还鼓励员工在内部使用AI智能体来协助编写代码等工作。 ...
Earnings Call Insights: United Rentals (URI) Q1 2026 Management View CEO Matthew Flannery said the company posted “a strong start to 2026, including first quarter records across revenue, EBITDA and EPS,” and added that “the momentum we're carrying into our busy season…supports our expectations that this will be another record year, as further evidenced by our updated guidance.” Flannery highlighte...
Earnings Call Insights: United Rentals (URI) Q1 2026 Management View CEO Matthew Flannery said the company posted “a strong start to 2026, including first quarter records across revenue, EBITDA and EPS,” and added that “the momentum we're carrying into our busy season…supports our expectations that this will be another record year, as further evidenced by our updated guidance.” Flannery highlighted growth drivers as “healthy growth across both our gen rent and specialty businesses,” with specialty “up 14% year-over-year… and opened 17 cold starts,” and said activity included “data centers” along with “health care, infrastructure, power [and] industrial manufacturing.” Flannery said used equipment demand remained supportive: “We sold $680 million of OEC at a 51% recovery rate” and “we're on track to sell approximately $2.8 billion of fleet this year.” CFO William Grace said, “we're pleased to be raising our full year guidance based on the momentum we're carrying into our busy season and strong customer sentiment,” and noted “we recorded $45 million of restructuring charges… primarily related to the consolidation of overlapping facilities and headcount reductions.” Outlook Grace raised full-year expectations, saying total revenue is “now expected in the range of $16.9 billion to $17.4 billion,” adjusted EBITDA is “$7.625 billion to $7.875 billion,” gross CapEx is “$4.4 billion to $4.8 billion,” and free cash flow is “$2.15 billion to $2.45 billion.” Grace reiterated shareholder return plans: “it remains our plan to repurchase $1.5 billion of shares in 2026,” and said buybacks plus dividends would “return roughly $2 billion to our shareholders this year.” Versus the prior call, management increased the full-year revenue range by $100 million, increased adjusted EBITDA by $50 million, and increased gross CapEx by $100 million, while keeping used-sales expectations at “around $1.45 billion.” Financial Results Flannery reported “total revenue grew by 7% year-over-year to ...
Earnings Call Insights: Molina Healthcare (MOH) Q1 2026 Management View "Our full year 2026 guidance, which we reaffirm at approximately $42 billion of premium revenue and at least $5 in adjusted earnings per share" (President, CEO & Director Joseph Zubretsky). "Last night, we reported adjusted earnings per share of $2.35 on $10.2 billion of premium revenue" (President, CEO & Director Zubretsky), ...
Earnings Call Insights: Molina Healthcare (MOH) Q1 2026 Management View "Our full year 2026 guidance, which we reaffirm at approximately $42 billion of premium revenue and at least $5 in adjusted earnings per share" (President, CEO & Director Joseph Zubretsky). "Last night, we reported adjusted earnings per share of $2.35 on $10.2 billion of premium revenue" (President, CEO & Director Zubretsky), alongside "Our 91.1% consolidated MCR" and "a 1.6% adjusted pretax margin" (President, CEO & Director Zubretsky). "We feel confident in our 5% medical cost trend assumption for 2026" (President, CEO & Director Zubretsky), after noting that in 2025 the company "observed a 7.5% medical cost trend that included 250 basis points of acuity shift related to the post-pandemic redetermination process" (President, CEO & Director Zubretsky). "Our Duals business is the strategic focus for us in Medicare" and "we will exit the MAPD product for 2027" (President, CEO & Director Zubretsky). "Given the pricing actions we took in our Marketplace segment this year, we have reduced our exposure and prioritized margin improvement" (Senior EVP, CFO & Treasurer Mark Keim), and "Renewing members now represent 70% of our book" (Senior EVP, CFO & Treasurer Keim). Outlook "We are merely reaffirming our full year 2026 adjusted earnings per share guidance of at least $5" and "Our full year 2026 premium revenue guidance remains at approximately $42 billion" (President, CEO & Director Zubretsky). "We note that our forecast for Medicaid membership attrition increased slightly" (President, CEO & Director Zubretsky); CFO Mark Keim specified, "We now expect same-store membership in Medicaid to decline 6% this year, up from previous guidance of a 2% decline" and "We expect to end the year with approximately 4.5 million members" (Senior EVP, CFO & Treasurer Keim). "With normal market attrition, we expect membership in our Marketplace segment to end the year at approximately 250,000" (Senior EVP, CFO & Treasur...
Earnings Call Insights: Packaging Corporation of America (PKG) Q1 2026 Management view "Yesterday, we reported first quarter net income of $171 million or $1.91 per share. Excluding special items, first quarter 2026 net income was $215 million or $2.40 per share" (Chairman of the Board & CEO Mark Kowlzan). "We exceeded our guidance of $2.20 on the strength of our operational and commercial perform...
Earnings Call Insights: Packaging Corporation of America (PKG) Q1 2026 Management view "Yesterday, we reported first quarter net income of $171 million or $1.91 per share. Excluding special items, first quarter 2026 net income was $215 million or $2.40 per share" (Chairman of the Board & CEO Mark Kowlzan). "We exceeded our guidance of $2.20 on the strength of our operational and commercial performance during the quarter" (CEO Kowlzan), while noting "the acquired Greif operations, including interest on acquisition indebtedness, generated a loss of $0.06 during the first quarter" (CEO Kowlzan). "We ran at full capacity during the quarter" (CEO Kowlzan) and said "the Wallula mill reconfiguration was successfully completed, which immediately helped us reduce our cost of fiber, power and labor" (CEO Kowlzan). "In the legacy business, corrugated shipments per day were up 2.8% versus last year's first quarter, a new record on a per day basis" (President Thomas Hassfurther), adding "we expect the second quarter to shape up similarly to the first in terms of demand and year-over-year growth" (President Hassfurther). "Cash provided by operations was $329 million" (Executive VP & CFO Kent Pflederer) and "after $165 million of CapEx, free cash flow was $164 million" (CFO Pflederer). Outlook "Considering all of these items, we expect second quarter earnings of $2.33 per share, excluding special items" (CEO Kowlzan). "Prices for containerboard and corrugated products will move higher later in the quarter with the implementation of our previously announced price increases" (CEO Kowlzan). "Reported containerboard prices are up net $50 per ton from the beginning of the year" (President Hassfurther), and "we expect to start to see the benefit during May with the normal implementation period beginning in June" (President Hassfurther), with "the majority coming during Q3" (President Hassfurther). Compared with the prior quarter’s call, management’s pricing cadence shifted from "a $70 p...
A string of tankers carrying diesel from the US West Coast has begun arriving in Australia, as the continent tries to contain a fuel crisis triggered by the Iran war. Three tankers, which have departed from Washington state and Los Angeles since March 30, are currently carrying over 925,000 barrels of ultra-low sulfur diesel and signaling their destination as Australia, according to port data comp...
A string of tankers carrying diesel from the US West Coast has begun arriving in Australia, as the continent tries to contain a fuel crisis triggered by the Iran war. Three tankers, which have departed from Washington state and Los Angeles since March 30, are currently carrying over 925,000 barrels of ultra-low sulfur diesel and signaling their destination as Australia, according to port data compiled by energy analytics company Vortexa. One vessel, the Marshall Islands-flagged Atlantic Guard, is currently under the effective control of energy trader Gunvor Group, according to Vortexa. Gunvor did not immediately respond to a request for comment. The trade route from the West Coast to Australia is rarely used, but it has become a key conduit for the continent to address its fuel shortages since the Middle East conflict began. Despite being a major producer and exporter of energy, Australia sources the vast majority of its refined fuels from overseas and holds among the lowest stockpiles in the developed world. Read More: Australia Steps Up Fuel Crisis Response as Supplies Tighten The three ongoing voyages follow two other tankers that discharged 525,000 barrels of ULSD this week to Australia from British Petroleum’s Cherry Point Refinery in Washington state. All together, the amount of diesel headed from the West Coast to Australia in the last two months nearly equals the total from the prior six years. Fuel prices have surged in Australia since the start of the US-Israel war on Iran in late February and the effective closure of the Strait of Hormuz, a key shipping route. The government has slashed taxes, tapped reserves and encouraged Australians to drive less. A fire at one of the country’s two refineries has only exacerbated the issue. The country has also turned to nontraditional suppliers and is underwriting the purchase of diesel cargoes, Prime Minister Anthony Albanese said at a Thursday press conference. The US is supplying 18% of the country’s fuel at presen...