Jetlinerimages/iStock Unreleased via Getty Images Listen below or on the go on Apple Podcasts and Spotify Trump administration nears Spirit rescue deal with major ownership stake . (0:16) Boeing tops expectations . (0:45) Aluminum market already in a ‘Black Swan’ shock . (1:41) This is an abridged transcript of the podcast: Our top story so far, the Trump administration is nearing a deal to rescue...
Jetlinerimages/iStock Unreleased via Getty Images Listen below or on the go on Apple Podcasts and Spotify Trump administration nears Spirit rescue deal with major ownership stake . (0:16) Boeing tops expectations . (0:45) Aluminum market already in a ‘Black Swan’ shock . (1:41) This is an abridged transcript of the podcast: Our top story so far, the Trump administration is nearing a deal to rescue Spirit Airlines (FLYYQ). Shares of Spirit soared after the Wall Street Deal reported that the U.S. government would loan Spirit as much as $500M in return for warrants for a significant stake in the carrier. Further reports said the government could own up to 90% of Spirit following a rescue deal. The Transportation Department and the Commerce Department are said to be involved talks. President Donald Trump said on Tuesday he would like to see a buyer for the distressed airline and said he may be open to the government helping out. Among active stocks, Boeing ( BA ) is up after reporting quarterly results that topped Wall Street expectations on the top and bottom lines. Investors weighed improving aircraft deliveries against ongoing geopolitical and travel-market risks. SA Analyst Dhierin Bechai said if “Boeing had been able to deliver Boeing 737s as planned, the operating cash flow would have been positive. So, it was not the best quarter the company could have had, but it still showed substantial improvement." AT&T ( T ) is trading defensively as a decline in legacy revenue and pressure on free cash flow overshadowed gains in internet and postpaid phone revenue. Analyst Samuel Smith said the results reaffirmed his “biggest concerns with AT&T: that it operates in a perpetually high capital intensity business and highly competitive industry that keeps its growth and cash generation constrained.” And AST SpaceMobile ( ASTS ) shares is rallying after the company secured commercial authority from the FCC to deliver direct-to-device cellular broadband from space. In other news...
Earnings Call Insights: Stifel Financial Corp. (SF) Q1 2026 Management View “In the first quarter, we delivered very strong performance. Net revenues of $1.48 billion were up 18% from a year ago.” (Chairman & CEO Ronald J. Kruszewski) He said results included “a nonrecurring gain from the sale of Stifel Independent Advisers… partially offset by interest on a legal judgment,” and that both were exc...
Earnings Call Insights: Stifel Financial Corp. (SF) Q1 2026 Management View “In the first quarter, we delivered very strong performance. Net revenues of $1.48 billion were up 18% from a year ago.” (Chairman & CEO Ronald J. Kruszewski) He said results included “a nonrecurring gain from the sale of Stifel Independent Advisers… partially offset by interest on a legal judgment,” and that both were excluded from core results. “Earnings per share were $1.48 on a GAAP basis and $1.45 on a non-GAAP basis compared to $0.33 last year.” (Chairman & CEO Kruszewski) He tied the year-ago comparison to “$180 million legal accrual,” and said “our annualized return on tangible equity was nearly 25%.” “Global Wealth Management delivered record first quarter net revenue driven by record asset management revenues and growing adviser productivity.” (Chairman & CEO Kruszewski) He also said the firm produced “record first quarter investment banking revenue,” and highlighted margin expansion: “Our firm-wide pretax margin was more than 22%… coupled with an institutional pretax margin of nearly 20%.” “Total non-GAAP revenues of $1.44 billion was right in line with consensus estimates.” (Senior VP & CFO James Marischen) He said investment banking “exceed[ed] expectations by $8 million or 2%,” while “net interest income came in at the lower end of our guidance.” Outlook “For the second quarter, we expect net interest income in the range of $280 million to $290 million.” (Senior VP & CFO Marischen) He added the company was “maintaining our full year guide of up to $4 billion in asset growth,” and said fund banking activity had “pick[ed] up in April.” “The pace of realization will depend on the geopolitical and economic factors that Ron mentioned earlier, including energy prices, credit spreads and interest rate uncertainty.” (Senior VP & CFO Marischen) CEO Kruszewski called out “the conflict in Iran and its potential impact on energy prices, inflation and ultimately growth.” “We’ve scaled reven...
Iranian forces seize two ships in critical waterway as Washington and Tehran maintain separate blockades Middle East crisis – live updates Iranian forces have seized two ships in the strait of Hormuz as the US and Iran doubled down on imposing separate blockades of the critical shipping waterway that have choked global energy markets. The standoff over the strait – through which about 20% of the w...
Iranian forces seize two ships in critical waterway as Washington and Tehran maintain separate blockades Middle East crisis – live updates Iranian forces have seized two ships in the strait of Hormuz as the US and Iran doubled down on imposing separate blockades of the critical shipping waterway that have choked global energy markets. The standoff over the strait – through which about 20% of the world’s oil and liquefied fossil gas passed through during peacetime – has raised doubts about whether stalled peace negotiations will resume. Continue reading...
There isn’t much that can capture the tech world’s notice, but the announcement today of Apple Inc Senior Vice President of Hardware Engineering John Ternus succeeding Tim Cook as CEO definitely changed the stakes. Among them is a potential strategic direction for one of the world's most influential technology companies during a time of rapid change. "I am profoundly grateful for this opportunity ...
There isn’t much that can capture the tech world’s notice, but the announcement today of Apple Inc Senior Vice President of Hardware Engineering John Ternus succeeding Tim Cook as CEO definitely changed the stakes. Among them is a potential strategic direction for one of the world's most influential technology companies during a time of rapid change. "I am profoundly grateful for this opportunity to carry Apple's mission forward," said Ternus in an Apple press release. "Having spent almost my en
While health insurance is often considered a safety net to protect average households from financial collapse, the typical American is just one medical crisis away from ruin, with a financial breaking point of $4,354, according to a recent survey by...
While health insurance is often considered a safety net to protect average households from financial collapse, the typical American is just one medical crisis away from ruin, with a financial breaking point of $4,354, according to a recent survey by...
Solid 20Y Auction Stops Through With Above Average Foreign Demand The week's lone coupon auction priced at 1pm when the Treasury sold $13 BN in 20Y paper, in a solid if not stellar auction. The auction stopped at a high yield of 4.883%, up from 4.817% in March and the highest since last July. It also stopped through the 4.892% When Issued by 0.9bps, the highest since January. The bid to cover was ...
Solid 20Y Auction Stops Through With Above Average Foreign Demand The week's lone coupon auction priced at 1pm when the Treasury sold $13 BN in 20Y paper, in a solid if not stellar auction. The auction stopped at a high yield of 4.883%, up from 4.817% in March and the highest since last July. It also stopped through the 4.892% When Issued by 0.9bps, the highest since January. The bid to cover was 2.68, down from 2.76 in March but above the 2.63 six-auction average. The internals were also solid with Indirects taking 67.4% of the auction, down modestly from 69.2% last month but also above the 62.9% recent average for foreign buyers. And with Directs taking 22.9%, up modestly from 21.6% last month, Dealers were left holding just 9.7%, down from the recent average of 11.2%. Overall, this was another solid auction, which is a welcome outcome at a time when 10Y yields are trading near weekly highs just around 4.30%. Tyler Durden Wed, 04/22/2026 - 13:31
V is set to report fiscal Q2 results on April 28, with earnings expected to grow 12% and revenue rising 11.5%, but higher costs and incentives could cap upside.
V is set to report fiscal Q2 results on April 28, with earnings expected to grow 12% and revenue rising 11.5%, but higher costs and incentives could cap upside.
Live Premier League and Championship updates You can email Niall | Sign up for Football Daily Which team currently has the longest unbeaten run in any of Europe’s “big five” leagues? Bayern? Barcelona? No, it’s Bournemouth, who haven’t lost in 13 [ thirteen ] Premier League matches. Not even Andoni Iraola announcing his summer departure could stop them – if anything, results have improved. Having ...
Live Premier League and Championship updates You can email Niall | Sign up for Football Daily Which team currently has the longest unbeaten run in any of Europe’s “big five” leagues? Bayern? Barcelona? No, it’s Bournemouth, who haven’t lost in 13 [ thirteen ] Premier League matches. Not even Andoni Iraola announcing his summer departure could stop them – if anything, results have improved. Having emerged from trips to the Emirates and St James’ Park with six points in the bag, the Cherries can climb to sixth with a win tonight, a first European campaign within reach. Continue reading...
Google brings Gemini-powered 'auto browse' capabilities to Chrome for enterprise users, letting workers automate tasks like research, data entry, and more.
Google brings Gemini-powered 'auto browse' capabilities to Chrome for enterprise users, letting workers automate tasks like research, data entry, and more.
Most investors are familiar with the Vanguard S&P 500 ETF (NYSEMKT: VOO) and the Vanguard Total Stock Market ETF (NYSEMKT: VTI) . They're two of the most popular and cheapest ways to access the U.S. equity market. What they may not know is that there's an equally attractive fund that invests in the entire global equity market. The Vanguard Total World Stock ETF (NYSEMKT: VT) holds roughly 10,000 s...
Most investors are familiar with the Vanguard S&P 500 ETF (NYSEMKT: VOO) and the Vanguard Total Stock Market ETF (NYSEMKT: VTI) . They're two of the most popular and cheapest ways to access the U.S. equity market. What they may not know is that there's an equally attractive fund that invests in the entire global equity market. The Vanguard Total World Stock ETF (NYSEMKT: VT) holds roughly 10,000 stocks across roughly 40 countries. For worldwide stock market diversification, it may be just about the only ETF you need. Image source: Getty Images. Continue reading
Hedge Fund and Insider Trading News: Michael Burry, Hamza Lemssouguer, Bill Ackman, Warren Buffett, Clough Capital Partners, Farallon Capital, Millennium Management, PagSeguro Digital, Astera Labs Inc (ALAB), and More Insider Monkey
Hedge Fund and Insider Trading News: Michael Burry, Hamza Lemssouguer, Bill Ackman, Warren Buffett, Clough Capital Partners, Farallon Capital, Millennium Management, PagSeguro Digital, Astera Labs Inc (ALAB), and More Insider Monkey
watch now VIDEO 3:43 03:43 What to know from Fed chair nominee Kevin Warsh's Senate banking committee hearing Halftime Report Kevin Warsh made his case for becoming chairman of the Federal Reserve at a hearing before the Senate Banking Committee on Tuesday. A change in Fed leadership could have far-reaching consequences for consumers' borrowing costs, experts say. The Fed chair nominee — and Presi...
watch now VIDEO 3:43 03:43 What to know from Fed chair nominee Kevin Warsh's Senate banking committee hearing Halftime Report Kevin Warsh made his case for becoming chairman of the Federal Reserve at a hearing before the Senate Banking Committee on Tuesday. A change in Fed leadership could have far-reaching consequences for consumers' borrowing costs, experts say. The Fed chair nominee — and President Donald Trump's pick to replace current Chair Jerome Powell — spoke to senators about his approach to rate setting as a preferred lever for fighting inflation . Among the various methods at the central bank's disposal to promote maximum employment and keep prices stable, "the Fed has an interest rate tool and a balance sheet tool," Warsh said at the hearing on Tuesday. "My view is, the interest rate tool gets in the cracks, it's fairer." The Fed sets the interest rate, called the Fed funds rate, that banks charge each other for overnight lending. That rate then affects many consumer borrowing and savings rates . How the Fed affects your finances Generally, short-term rates, such as credit card rates , are closely pegged to the Fed's benchmark. Longer-term rates, such as mortgage rates , are more influenced by inflation and other economic factors. When the Fed raises its benchmark rate, borrowing becomes more expensive for consumers and businesses, which can cool the economy and, in turn, inflation. Cutting the rate can spur spending and boost the economy, but also fuel higher prices . Both high interest rates and high prices can hurt consumers, so the Fed's moves require a delicate balance. Kevin Warsh, President Donald Trump's nominee to lead the Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, April 21, 2026. Graeme Sloan | Bloomberg | Getty Images If confirmed, Warsh, a former Fed governor with a Wall Street background, will take over when Powell's term ends next month. Trump has repeatedly berated Pow...
(Bloomberg) -- The Trump administration’s $20.9 billion buying spree for equity stakes in private-sector companies is the biggest such push into strategic industries since the Second World War, according to research by the Council on Foreign Relations.Most Read from BloombergAnthropic’s Mythos Model Is Being Accessed by Unauthorized UsersInside Alex Cooper’s Unwell: Tears, Screaming and Employees ...
(Bloomberg) -- The Trump administration’s $20.9 billion buying spree for equity stakes in private-sector companies is the biggest such push into strategic industries since the Second World War, according to research by the Council on Foreign Relations.Most Read from BloombergAnthropic’s Mythos Model Is Being Accessed by Unauthorized UsersInside Alex Cooper’s Unwell: Tears, Screaming and Employees Looking for the ExitTrump Encourages Companies Not to Seek Tariff RefundsTrump Extends Iran Ceasefir