Iran’s Revolutionary Guards released footage purportedly showing its forces seizing two vessels in the strait of Hormuz and escorting them to Iranian shores. Iran’s semi-official Tasnim news agency said the two ships attempted 'to exit the strait of Hormuz covertly'. The White House spokesperson Karoline Leavitt said President Donald Trump did not consider the capture of the ships to be a violati...
Iran’s Revolutionary Guards released footage purportedly showing its forces seizing two vessels in the strait of Hormuz and escorting them to Iranian shores. Iran’s semi-official Tasnim news agency said the two ships attempted 'to exit the strait of Hormuz covertly'. The White House spokesperson Karoline Leavitt said President Donald Trump did not consider the capture of the ships to be a violation of the US-Iran ceasefire because the vessels were not American or Israeli • Middle East crisis – live updates Continue reading...
Snap-On press release ( SNA ): Q1 GAAP EPS of $4.69 misses by $0.06 . Revenue of $1.21B (+6.1% Y/Y) beats by $30M . Gross margin of 50.4%, including 40 basis points of unfavorable currency effects, compares to 50.7% last year; Tools segment sales up 5.0% from a year ago, organic sales up 3.4% Projects that capital expenditures in 2026 will approximate $100 million, of which $21.2 million was incur...
Snap-On press release ( SNA ): Q1 GAAP EPS of $4.69 misses by $0.06 . Revenue of $1.21B (+6.1% Y/Y) beats by $30M . Gross margin of 50.4%, including 40 basis points of unfavorable currency effects, compares to 50.7% last year; Tools segment sales up 5.0% from a year ago, organic sales up 3.4% Projects that capital expenditures in 2026 will approximate $100 million, of which $21.2 million was incurred in the first three months of the year. Snap-on currently anticipates that its full-year 2026 effective income tax rate will be in the range of 22% to 23%. More on Snap-On Snap-on Incorporated (SNA) Presents at The 38th Annual Roth Conference Transcript Snap-on Incorporated (SNA) Presents at Bank of America Global Industrials Conference 2026 Transcript Snap-on: The Long-Term Outlook Seems Decent, But 2026 May Not Be Snap-On Q1 2026 Earnings Preview Snap-on signals resilience amid 2.8% sales growth and continued investment in product innovation
Anglo American Plc has at least three potential buyers for its Australian steelmaking coal business after a sale to Peabody Energy Corp. was derailed last year following a fire at one of the mines. Stanmore Resources Ltd., Mitsubishi Corp. , and PT Buma Internasional Grup are among the bidders for the coal assets, and a suitor and deal could be announced in coming months, according to people famil...
Anglo American Plc has at least three potential buyers for its Australian steelmaking coal business after a sale to Peabody Energy Corp. was derailed last year following a fire at one of the mines. Stanmore Resources Ltd., Mitsubishi Corp. , and PT Buma Internasional Grup are among the bidders for the coal assets, and a suitor and deal could be announced in coming months, according to people familiar with the matter. The sale process is being run by Goldman Sachs Group Inc. and Morgan Stanley, they added, asking not to be named discussing private information. Anglo, Stanmore, and Mitsubishi declined to comment, while Buma Internasional didn’t respond to messages seeking comment. Peabody walked away from a $3.8 billion pact to buy Anglo’s steelmaking coal business last year after a fire at the Moranbah North mine, an asset that the US producer said made up about half of the deal’s value. The collapse of the sale dealt a blow to Anglo, which was seeking to simplify and shrink its business as it fended off a takeover approach from BHP Group. That blaze followed a separate fire in 2024 at Anglo’s Grosvenor mine, its second largest metallurgical project in Australia and part of the Peabody deal. Moranbah North has restarted production but Grosvenor remains offline. All the assets are in Queensland state on the country’s east coast. For the new suitors, a successful deal will either cement, or elevate the winning bidder into one of the world’s biggest suppliers of coal used to fuel steel mills across Asia. The market is currently dominated by the BHP Mitsubishi Alliance joint venture, known as BMA, and London-listed Glencore Plc. Read More: BHP Begins Review to Rank Unprofitable Australian Coal Mines One of the bidders, Buma Internasional, has some familiarity with the assets. The Indonesian company had agreed to buy a 51% stake in the Dawson project from Peabody after the conclusion of the deal with Anglo. Sydney-listed Stanmore Resources is backed by its biggest shareho...
Apogee ( APOG ) declares $0.27/share quarterly dividend , in line with previous. Forward yield 3.04% Payable May 28; for shareholders of record May 13; ex-div May 13. See APOG Dividend Scorecard, Yield Chart, & Dividend Growth. More on Apogee Apogee Enterprises: The Discount Is What Matters, Especially With Cost-Cutting Seeking Alpha’s Quant Rating on Apogee Historical earnings data for Apogee Div...
Apogee ( APOG ) declares $0.27/share quarterly dividend , in line with previous. Forward yield 3.04% Payable May 28; for shareholders of record May 13; ex-div May 13. See APOG Dividend Scorecard, Yield Chart, & Dividend Growth. More on Apogee Apogee Enterprises: The Discount Is What Matters, Especially With Cost-Cutting Seeking Alpha’s Quant Rating on Apogee Historical earnings data for Apogee Dividend scorecard for Apogee Financial information for Apogee
China’s tightening grip on its once fast-growing online lending sector is accelerating an industry shakeout, as regulators move to reshape the high-cost model that drove much of its expansion. A regulatory push since late last year has capped borrowing costs, tightened oversight of banks’ partnerships with online lending platforms and restricted their access to credit reporting and payment service...
China’s tightening grip on its once fast-growing online lending sector is accelerating an industry shakeout, as regulators move to reshape the high-cost model that drove much of its expansion. A regulatory push since late last year has capped borrowing costs, tightened oversight of banks’ partnerships with online lending platforms and restricted their access to credit reporting and payment services — forcing adjustments across a multitrillion-yuan market that has operated under uneven regulation.
A Henderson Land Development joint venture has won a five-year contract to operate the Central Harbourfront Event Space in Hong Kong, with a clause that would require the government to be compensated if the number of events falls short of its commitment. The Development Bureau on Thursday announced that Central Grand Limited (CGL), a joint venture between the property developer and concert organis...
A Henderson Land Development joint venture has won a five-year contract to operate the Central Harbourfront Event Space in Hong Kong, with a clause that would require the government to be compensated if the number of events falls short of its commitment. The Development Bureau on Thursday announced that Central Grand Limited (CGL), a joint venture between the property developer and concert organiser YW Company, beat five other bidders for the prime site which hosts major events such as the...
First Citizens BancShares press release ( FCNCA ): Q1 Non-GAAP EPS of $44.86 beats by $5.63 . Revenue of $2.31B (-2.1% Y/Y) beats by $110M . Provision for credit losses totaled $72 million for the current quarter, compared to $54 million for the linked quarter. The allowance for loan and lease losses totaled $1.56 billion at March 31, 2026, compared to $1.57 billion at December 31, 2025. The estim...
First Citizens BancShares press release ( FCNCA ): Q1 Non-GAAP EPS of $44.86 beats by $5.63 . Revenue of $2.31B (-2.1% Y/Y) beats by $110M . Provision for credit losses totaled $72 million for the current quarter, compared to $54 million for the linked quarter. The allowance for loan and lease losses totaled $1.56 billion at March 31, 2026, compared to $1.57 billion at December 31, 2025. The estimated total risk-based capital, Tier 1 risk-based capital, Common equity Tier 1 risk-based capital, and Tier 1 leverage ratios were 13.51%, 11.79%, 10.83%, and 9.30%, respectively, at March 31, 2026. More on First Citizens BancShares FCNCN: A 6.625% Fixed Rate -Reset Preferred IPO From First Citizens BancShares First Citizens BancShares: Undervalued, But Far From Ideally Placed First Citizens: Margin Pressure Comes Into Focus (Downgrade) First Citizens BancShares Q1 2026 Earnings Preview Lowest Quant ranked large-cap stocks with positive EPS surprises
Republicans deploy measure known as budget reconciliation to push through plan without backing from Democrats during lengthy late-night vote Hello and welcome to the US politics live blog. The Senate voted to adopt a $70bn budget plan to fund ICE and Border Patrol as part of a new effort to reopen the Department of Homeland Security (DHS). We have a multistep process ahead of us, but at the end Re...
Republicans deploy measure known as budget reconciliation to push through plan without backing from Democrats during lengthy late-night vote Hello and welcome to the US politics live blog. The Senate voted to adopt a $70bn budget plan to fund ICE and Border Patrol as part of a new effort to reopen the Department of Homeland Security (DHS). We have a multistep process ahead of us, but at the end Republicans will have helped ensure that America’s borders are secure and prevented Democrats from defunding these important agencies. Instead of pumping hundreds of billions of dollars into ICE and Border Patrol, Republicans should be working with Democrats to lower out-of-pocket costs. The Pentagon announced, without explanation, that “Secretary of the Navy John C Phelan is departing the administration, effective immediately”. The head of the US navy, which is now enforcing a wartime blockade of Iranian ports, was replaced by a former Maga political candidate, Hung Cao , now acting secretary of the navy. The surprise announcement brought renewed attention to Cao’s 2023 comments that that “witchcraft” had “taken over” Monterey, California. Virginia’s attorney general, Jay Jones , promised to appeal an injunction issued by a circuit court judge that temporarily blocks the state from certifying the results of the Tuesday’s redistricting referendum. As jet fuel prices spike amid the ongoing energy crisis sparked by Donald Trump ’s war on Iran, two Republican senators, Ted Cruz and Tom Cotton , denounced a proposed US government bailout of budget carrier Spirit Airlines. Representative David Scott , a Democrat from Georgia, has died at the age of 80. He is the fifth member of Congress to die in office within the last year. Continue reading...
Gorman-Rupp press release ( GRC ): Q1 GAAP EPS of $0.68 beats by $0.15 . Revenue of $176.6M (+7.7% Y/Y) beats by $5.99M . The increase was driven by volume growth as well as pricing increases. Sales increased in the majority of our markets, including increases of $6.3 million in the construction market due to increased demand in mining and sales of rental equipment, $4.4 million in the agriculture...
Gorman-Rupp press release ( GRC ): Q1 GAAP EPS of $0.68 beats by $0.15 . Revenue of $176.6M (+7.7% Y/Y) beats by $5.99M . The increase was driven by volume growth as well as pricing increases. Sales increased in the majority of our markets, including increases of $6.3 million in the construction market due to increased demand in mining and sales of rental equipment, $4.4 million in the agriculture market due to broad based improvement across Fill-Rite's sale channels, $3.5 million in the industrial market due to increased domestic investment, $2.9 million in the municipal market due to increased water and wastewater projects related to infrastructure investment, and $1.7 million in the OEM market due to increased demand related to data centers. These increases were partially offset by a sales decrease of $5.5 million in the fire suppression market primarily due to reduced international shipments. Sales also decreased $0.3 million in the petroleum market and $0.3 million in the repair market. Incoming orders of $187.5 million increased 5.5%, or $9.7 million, compared to the first quarter of 2025 with backlog increasing to $247.9 million at March 31, 2026 Capital expenditures for the full-year 2026 are presently planned to be approximately $22.0 - $24.0 million. Total debt decreased $15.0 million during the first three months of 2026. More on Gorman-Rupp The Gorman-Rupp Company: An Upgrade As Earnings Near Doesn't Make Sense Seeking Alpha’s Quant Rating on Gorman-Rupp Historical earnings data for Gorman-Rupp Dividend scorecard for Gorman-Rupp Financial information for Gorman-Rupp
CenterPoint press release ( CNP ): Q1 Non-GAAP EPS of $0.56 in-line Reports Q1 2026 earnings of $0.48 per diluted share on a GAAP basis and $0.56 per diluted share on a non-GAAP basis (“non-GAAP EPS”) Reiterates its 2026 non-GAAP EPS guidance range of at least the midpoint of $1.89-$1.91, which, at the midpoint, would represent 8% growth over 2025 delivered results1 Announces 12.2 gigawatts of fir...
CenterPoint press release ( CNP ): Q1 Non-GAAP EPS of $0.56 in-line Reports Q1 2026 earnings of $0.48 per diluted share on a GAAP basis and $0.56 per diluted share on a non-GAAP basis (“non-GAAP EPS”) Reiterates its 2026 non-GAAP EPS guidance range of at least the midpoint of $1.89-$1.91, which, at the midpoint, would represent 8% growth over 2025 delivered results1 Announces 12.2 gigawatts of firmly committed industrial load at Houston Electric, expecting 8 gigawatts of data center load to be energized by 2029 More on CenterPoint Houston, We Have A Winner In CenterPoint Energy CenterPoint Energy, Inc. 2025 Q4 - Results - Earnings Call Presentation CenterPoint Energy, Inc. (CNP) Q4 2025 Earnings Call Transcript CenterPoint Q1 2026 Earnings Preview DoE rejects CenterPoint Energy's request to close Indiana coal plant
The US and Iran are locked in a stalemate as they battle for control of the Strait of Hormuz. Both sides are blocking the waterway, with no signs of movement on the diplomatic front. President Donald Trump says he will not lift the blockade until Iran agrees to a deal, while Tehran says it has no plans to negotiate or reopen the strait as long as the US siege remains in place. With talks at an imp...
The US and Iran are locked in a stalemate as they battle for control of the Strait of Hormuz. Both sides are blocking the waterway, with no signs of movement on the diplomatic front. President Donald Trump says he will not lift the blockade until Iran agrees to a deal, while Tehran says it has no plans to negotiate or reopen the strait as long as the US siege remains in place. With talks at an impasse, a record-breaking rally in US stocks has come to a halt , sending Brent crude further above $100 a barrel. Trump is under pressure to resolve the conflict as US gasoline prices rise to the highest level in almost four years. Meanwhile European leaders are meeting in Cyprus to discuss some of the measures they could take to ease the pain of the energy shock.— Emma Clark Keep track of the twists and turns — and the global fallout — of the war with Iran here . What You Need to Know Today PwC has agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande. PwC was Evergrande’s auditor for more than a decade until it resigned in January 2023, due to what the developer said were audit-related disagreements. The measures come as the firm attempts to rebuild in the wake of Beijing’s earlier record fine over its audit work on Evergrande. That triggered an exodus of state‑owned enterprise clients, major Chinese companies and even Hong Kong regulators, along with staff departures. Surging global demand for artificial intelligence technology fueled a first-quarter economic rebound for South Korea. Gross domestic product grew 1.7% in the three months through March from the previous quarter, giving the export-dependent economy momentum as it grapples with surging energy prices and waning consumer confidence. Hyundai, the country’s largest automaker, missed its earnings estimates , blaming US tariffs, disruption to supply chains caused by the Iran war and cooling demand in key...
Lululemon Athletica ( LULU ) is being sized up after the athletic apparel company appointed Heidi O’Neill as CEO. She will not join the company and board until September due to a non-compete contract. Meghan Frank and André Maestrini will continue to serve as interim co-CEOs until that time and will then return to their previous roles as CFO and chief commercial officer, respectively. Weighing in ...
Lululemon Athletica ( LULU ) is being sized up after the athletic apparel company appointed Heidi O’Neill as CEO. She will not join the company and board until September due to a non-compete contract. Meghan Frank and André Maestrini will continue to serve as interim co-CEOs until that time and will then return to their previous roles as CFO and chief commercial officer, respectively. Weighing in on the development, Bank of America analyst Lorraine Hutchinson said the September start date for the new CEO means status quo for now, as investors will have to wait until 2027 to hear concrete plans for a turnaround. "In the meantime, the interim CEOs will try to stabilize North America comps and margins, but the question of a sales and margin reset will linger," she warned. The firm does not expect meaningful multiple expansion for the stock and stuck with a Neutral rating. BTIG analyst Janine Stichter also does not expect the market to receive the appointment positively due to O'Neill's longstanding tenure at Nike ( NKE ), which overlaps with the brand developing many challenges that parallel the ones Lululemon ( LULU ) is currently facing around its product and innovation engine. Stichter observed that LULU has notoriously long product lead times, which could lengthen the time for a strategy reset. "We also note it likely only fans the flames surrounding the activist battle around board composition," she added. Meanwhile, Jefferies analyst Randal Konik reminded investors that the proxy fight isn't going away. "The leadership change comes amid heightened investor tension as founder and major shareholder Chip Wilson continues his proxy fight, seeking to replace three directors, arguing that the board lacks sufficient product and brand expertise and mishandled CEO succession following Calvin McDonald's departure," he wrote. Shares of Lululemon ( LULU ) fell 4.1% in premarket trading on Thursday. More on Lululemon lululemon: The Product Is Great, But The Risks Are Greater ...