Intel Corporation (NASDAQ:INTC) shares moved higher in premarket trading on Thursday after Tesla Inc (NASDAQ:TSLA) CEO Elon Musk indicated that the Terafab venture plans to adopt Intel’s advanced 14A semiconductor manufacturing process. Speaking during Tesla’s post-earnings call, Musk said the 14A node is “not yet totally complete,” but should be “probably fairly mature or ready for prime time” by...
Intel Corporation (NASDAQ:INTC) shares moved higher in premarket trading on Thursday after Tesla Inc (NASDAQ:TSLA) CEO Elon Musk indicated that the Terafab venture plans to adopt Intel’s advanced 14A semiconductor manufacturing process. Speaking during Tesla’s post-earnings call, Musk said the 14A node is “not yet totally complete,” but should be “probably fairly mature or ready for prime time” by the time Terafab reaches scale.
imaginima/iStock via Getty Images I've kept New Oriental Education ( EDU ) (9901.HK) as a Buy-rated name. Both the company's 3QFY26 (YE May) results and Q4 guidance were superior than what the market hoped for. Its shares are also attractively-priced based on a peer comparison. The earlier January 30, 2026 write-up highlighted my constructive view of its second quarter 'beat-and-raise'. Results To...
imaginima/iStock via Getty Images I've kept New Oriental Education ( EDU ) (9901.HK) as a Buy-rated name. Both the company's 3QFY26 (YE May) results and Q4 guidance were superior than what the market hoped for. Its shares are also attractively-priced based on a peer comparison. The earlier January 30, 2026 write-up highlighted my constructive view of its second quarter 'beat-and-raise'. Results Topped Expectations The group published a 6-K revealing its recent financials on April 22. EDU's topline expansion improved from 2QFY2026's +14.7% to 3QFY2026's +19.8% on a YoY basis. Its normalized EPS was also 37% higher than the same quarter a year ago. I'm impressed with the firm's better-than-anticipated showing. The $1.42B turnover and $0.95/ADS bottom-line for the latest three-month period beat the consensus projections by 4.3% and 12.6% , respectively. My take is that increased wallet share and a leaner operational model boosted EDU's quarterly numbers. At the analyst briefing , the company indicated that "paid users pay more money and enroll more subjects at the same time." That drove up its combined "nonacademic tutoring and learning device" revenues by 23% year-on-year in 3QFY26. I think it has found success in cross-selling different educational solutions to students. Also, its EBIT-to-sales widened 2.3ppts YoY to 14.3% for the Dec '25 to Feb '26 quarter. That's 10bps above the sell-side's prediction as per S&P Capital IQ. The enterprise lowered its OPEX-to-revenue by 360bps between 3QFY2025 and 3QFY2026 due to disciplined footprint extension. Its call commentary mentioned that the "net addition of the new learning centers in first 3 quarters was 8%." This is less aggressive than the original low-to-mid teens goal. Anticipating A Similar High-Teens Growth Next Quarter The mid-point of EDU's 4QFY2026 top-line guide is $1,448.3M, implying a 17% rise. According to S&P Capital IQ, analysts were previously forecasting a more modest $1.43B. In my opinion, the company's ...
Backiris Global markets are dangerously over-optimistic about the energy crisis unfolding in the Middle East, and the world economy faces a “hard stop” as oil and gas supplies dry up, according to analyst David Roche from Quantum Strategy. In an interview with CNBC, Roche warned that the current blockade of shipping routes through the Strait of Hormuz and the Red Sea will soon translate into sever...
Backiris Global markets are dangerously over-optimistic about the energy crisis unfolding in the Middle East, and the world economy faces a “hard stop” as oil and gas supplies dry up, according to analyst David Roche from Quantum Strategy. In an interview with CNBC, Roche warned that the current blockade of shipping routes through the Strait of Hormuz and the Red Sea will soon translate into severe fuel shortages that could contract global GDP by 3%. “There are virtually no tankers leaving the Gulf. There are no tankers leaving the Red Sea,” Roche explained. He described the current situation as “flying along in the markets close to their peaks at 30,000 feet, and unfortunately, the tanks are running dry.” Roche argued that Iran has no incentive to relinquish control of the Strait of Hormuz, which he characterized as their “new nuclear weapon.” With Iranian-backed Houthis controlling the Red Sea and the IRGC controlling the entrance to the Gulf, Iran has effectively gained leverage over both regional Gulf states and the broader global economy. The analyst dismissed the market’s apparent belief that the crisis will resolve quickly if the U.S. withdraws from the conflict. “The markets are believing in the cloud cuckoo land story that Trump will up stumps and go home,” Roche said. Even in that scenario, he predicted that oil flows would not return to normal because Iran would remain in control of shipping routes. Roche emphasized that the situation has moved beyond initial inflationary pressures at the gas pump to a more severe phase. “We’re now moving to the second stage, which is there is no gas price at the pump,” he said, predicting that within months the global economy will need to dramatically reduce fuel demand. The analyst concluded that despite losing the direct military conflict, Iran and the IRGC have emerged with greater strategic power than they possessed before the war began. This leaves markets fundamentally disconnected from the economic and political r...
Peapack-Gladstone Financial press release ( PGC ): Q1 Net Income: $14.2 million, or $0.80 per diluted share Net Interest Income: $59.9 million, representing the eighth consecutive quarter of growth Net Interest Margin: 3.26%, an increase of 18 basis points compared to the previous quarter and 58 basis points year-over-year Loan Growth: $6.4 billion in total loans, an increase of $686 million year-...
Peapack-Gladstone Financial press release ( PGC ): Q1 Net Income: $14.2 million, or $0.80 per diluted share Net Interest Income: $59.9 million, representing the eighth consecutive quarter of growth Net Interest Margin: 3.26%, an increase of 18 basis points compared to the previous quarter and 58 basis points year-over-year Loan Growth: $6.4 billion in total loans, an increase of $686 million year-over-year Shareholders' Equity: $699 million at March 31, 2026, an increase of $77 million year-over-year More on Peapack-Gladstone Financial Seeking Alpha’s Quant Rating on Peapack-Gladstone Financial Historical earnings data for Peapack-Gladstone Financial Dividend scorecard for Peapack-Gladstone Financial Financial information for Peapack-Gladstone Financial
Iranian state TV aired what it says is a video of Iran's navy seizing vessels in the Strait of Hormuz, while the US said it intercepted two Iranian supertankers trying to evade its blockade, as talks to end the war remained in limbo. (Source: Bloomberg)
Iranian state TV aired what it says is a video of Iran's navy seizing vessels in the Strait of Hormuz, while the US said it intercepted two Iranian supertankers trying to evade its blockade, as talks to end the war remained in limbo. (Source: Bloomberg)
JHVEPhoto Thanks to increased ad revenue from the Super Bowl and Winter Olympics, Comcast ( CMCSA ) beat revenue expectations and saw fewer subscriber losses to its residential broadband service, helping offset a decline in profitability that was largely due to increased spending on special events. Shares are up more than 5% into Thursday’s open. “2026 is an important year of execution, and we’re ...
JHVEPhoto Thanks to increased ad revenue from the Super Bowl and Winter Olympics, Comcast ( CMCSA ) beat revenue expectations and saw fewer subscriber losses to its residential broadband service, helping offset a decline in profitability that was largely due to increased spending on special events. Shares are up more than 5% into Thursday’s open. “2026 is an important year of execution, and we’re seeing tangible early signs our pivot is taking hold,” said Brian Roberts and Mike Cavanagh, Comcast co-CEOs. “Legendary February showcased the strength of our Media portfolio, leveraging the Milan Cortina Winter Olympics and the Super Bowl to drive record advertising and strong Peacock growth.” In the media segment, Comcast ( CMCSA ) realized a 135.3% surge in ad revenue from the Olympics and Super Bowl (+4.7% excluding those two events) that helped generate $31.5B in total revenue, more than a billion dollars more than anticipated. The company’s profits on a per share basis declined, however, by 27.5% to $0.79 per share, though still beat expectations by $0.06. Adjusted EBITDA was lower as well, at $7.93B versus $9.5B in the same quarter last year. While Comcast ( CMCSA ) continued to lose domestic residential broadband customers (65K), the loss was less than the 173K anticipated. In its Residential Connectivity & Platforms segment, revenue generated by its Xfinity Mobile business increased 15% to $977M, helping offset declines in video and domestic broadband In streaming, the company’s Peacock service added 12% new subscribers during the quarter, to 46M, with revenue growth of 71%, passing the $2B milestone for the first time. And in its Theme Parks segment, the addition of its Epic Universe theme park—which opened last May—contributed to a 24.2% increase in revenue to $2.33B. More on Comcast Comcast Has Finally Fallen Low Enough To Get Interesting Comcast: Broadband Customer Base In Focus Ahead Of Q1 Comcast Looks Intriguing Here, But History Remains A Concern Comcast N...
Retirees may be in for a rude awakening in the not-too-distant future unless Congress does something to fix Social Security. The government-funded retirement pension program is headed for insolvency in just a few years as its annual deficit grows larger. The most recent estimates indicate that the Old-Age and Survivors Insurance trust fund will run out of cash before the end of 2032. It might be a...
Retirees may be in for a rude awakening in the not-too-distant future unless Congress does something to fix Social Security. The government-funded retirement pension program is headed for insolvency in just a few years as its annual deficit grows larger. The most recent estimates indicate that the Old-Age and Survivors Insurance trust fund will run out of cash before the end of 2032. It might be able to dip into the Disability Insurance trust to pay retirement benefits at that point, but those funds would run out by the middle of 2034. There are a host of theories about why Social Security is running out of money, ranging from mostly accurate to wildly inaccurate, but Social Security Chief Actuary Karen P. Glenn set the record straight last month in Congressional testimony. The real reason Social Security is going bankrupt comes down to a few simple economic realities. Continue reading
XRP (CRYPTO: XRP) spot ETFs are finally putting together a real recovery after a brutal first quarter. The funds pulled in $55.39 million through the week ending April 17—their best week of 2026—and added another $3 million on April 20. There have been no outflows since April 9, and this marks the first sustained buying ... Ripple (XRP) News: XRP ETFs Go Two Weeks Without Outflows
XRP (CRYPTO: XRP) spot ETFs are finally putting together a real recovery after a brutal first quarter. The funds pulled in $55.39 million through the week ending April 17—their best week of 2026—and added another $3 million on April 20. There have been no outflows since April 9, and this marks the first sustained buying ... Ripple (XRP) News: XRP ETFs Go Two Weeks Without Outflows
Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as the Iran war weighs on consumers. The Composite PMI compiled by S&P Global declined to 48.6 in April from 50.7 the previous month, dropping below the 50 threshold separating growth from contraction. In the UK PMI data showed that the private sector quickly bounced...
Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as the Iran war weighs on consumers. The Composite PMI compiled by S&P Global declined to 48.6 in April from 50.7 the previous month, dropping below the 50 threshold separating growth from contraction. In the UK PMI data showed that the private sector quickly bounced back from a slowdown caused by the Iran war as firms rushing to secure supplies and price pressures mounting. Hugh Gimber, Global Market Strategist, JP Morgan joined Stephen Carroll on Bloomberg Radio to discuss. he says business costs are 'rising sharply.' (Source: Bloomberg)
Tesla earnings beat views but Elon Musk said capital spending will soar over the rest of 2026. Tesla stock fell Thursday after initially rising on results.
Tesla earnings beat views but Elon Musk said capital spending will soar over the rest of 2026. Tesla stock fell Thursday after initially rising on results.
Nastco/iStock Editorial via Getty Images Coinbase ( COIN ) has historically been one of the few regulated and publicly listed vehicles through which institutional investors could gain exposure to the crypto space, apart from investing in Bitcoin ( BTC ) itself. Today, there are many other solid ways to get crypto exposure (even in size), so the appeal via scarcity has diminished. By investing in C...
Nastco/iStock Editorial via Getty Images Coinbase ( COIN ) has historically been one of the few regulated and publicly listed vehicles through which institutional investors could gain exposure to the crypto space, apart from investing in Bitcoin ( BTC ) itself. Today, there are many other solid ways to get crypto exposure (even in size), so the appeal via scarcity has diminished. By investing in COIN, not only are we looking to gain exposure to crypto but also through a financial infrastructure intermediary company, which may often be an inefficient method to capture alpha in the underlying sector. Below, we can observe that the stock trades with a high correlation to crypto prices—Bitcoin in particular. However, since the inception of iShares Bitcoin Trust ETF ( IBIT ) in January 2024, COIN has in fact underperformed holding BTC via the ETF. Data by YCharts The business model Coinbase operates through two main segments—transaction revenue, and subscription and services revenue. 1. Transaction revenue accounted for $4.1B or ~56%, of total revenue in FY2025. Within this segment, Consumer contributed the vast majority (~82%), while Institutional and other transaction revenue were ~12% and ~6% of segment revenue, respectively. 2. Subscription and services revenue accounted for $2.8B or ~39%, of total revenue in FY2025. Stablecoin revenue made up the bulk of this segment at ~48%, followed by blockchain rewards at ~24%, and the rest, which included interest and finance fee income and other subscription and services revenue, added up to ~28% of segment revenue. Overall, FY 2025 total revenue reached $7.2B, growing 9% Y/Y, while adjusted EPS jumped 24.6% Y/Y to $2.19. Company A two-year lesson in capital misallocation Suppose an investor was seeking crypto exposure and was making an allocation choice in January 2024 when the iShares Bitcoin Trust was launched. Investing in IBIT would have yielded a total return of 59.6% (or 22.83% average annual return), while COIN would o...