In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT Apple's head of silicon, Johny Srouji, talks to CNBC's Katie Tarasov at Apple headquarters in Cupertino, California, on November 14, 2023. He was elevated to Apple Chief Hardware Officer on April 20, 2026. Andrew Evers In naming hardware boss John Ternus as its new CEO on Monday, Apple also announced another key promotion that ma...
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT Apple's head of silicon, Johny Srouji, talks to CNBC's Katie Tarasov at Apple headquarters in Cupertino, California, on November 14, 2023. He was elevated to Apple Chief Hardware Officer on April 20, 2026. Andrew Evers In naming hardware boss John Ternus as its new CEO on Monday, Apple also announced another key promotion that may be almost as significant in gauging the company's direction. Taking over for Ternus as head of hardware will be Johny Srouji, who leads the team that makes Apple's in-house chips. Apple created a new title for Srouji, chief hardware engineer, that's effective immediately. Ternus will become CEO on Sept. 1. Ternus and Srouji make for a formidable pair as Apple marches toward in-house development of all of its chips for iPhones, Macs, AirPods and more. It's a strategy, years in the works, that allows Apple to tightly integrate hardware and software and develop the specific features it needs, while avoiding unnecessary use of precious compute power, the two execs told CNBC in 2023. "Because we're not really selling chips outside, we focus on the product and that gives us freedom to optimize," Srouji said at the time. "And the scalable architecture lets us reuse pieces between different products." watch now VIDEO 34:03 34:03 Apple executives Johny Srouji and John Ternus on its growing chip business Tech In December, Srouji dismissed rumors that he was planning to leave as several other executives were exiting. His new role underscores Apple's commitment to a silicon strategy that's poised to assume increased significance as artificial intelligence gains greater prominence on devices. Under Srouji's leadership, Apple started making more types of chips, reducing reliance on outsiders like Intel , Qualcomm and Broadcom . While Ternus has, for months, been viewed as the frontrunner to replace Cook, who turned 65 in November, locking in Srouji is viewed by many analysts as an equa...
Grupo Aeroméxico, S.A.B. de C.V. press release ( AERO ): Q1 Revenue of $1.34B (+13.6% Y/Y). Adjusted EBITDAR ( 1 ) for the first quarter amounted to $335.8M. Operating income for the first quarter reached $141.8M. Net income in 1Q26 totaled $10.7M. More on Grupo Aeroméxico, S.A.B. de C.V. Grupo Aeroméxico, S.A.B. de C.V. (AERO) Q4 2025 Earnings Call Transcript Aeroméxico says March saw 1.4% declin...
Grupo Aeroméxico, S.A.B. de C.V. press release ( AERO ): Q1 Revenue of $1.34B (+13.6% Y/Y). Adjusted EBITDAR ( 1 ) for the first quarter amounted to $335.8M. Operating income for the first quarter reached $141.8M. Net income in 1Q26 totaled $10.7M. More on Grupo Aeroméxico, S.A.B. de C.V. Grupo Aeroméxico, S.A.B. de C.V. (AERO) Q4 2025 Earnings Call Transcript Aeroméxico says March saw 1.4% decline in passenger numbers Most and least shorted industrial stocks with over $2B market cap Historical earnings data for Grupo Aeroméxico, S.A.B. de C.V. Financial information for Grupo Aeroméxico, S.A.B. de C.V.
Enterprise software developer ServiceNow (NYSE: NOW) enjoyed a modest rally on the stock exchange Tuesday, with its shares gaining 0.4% on a day when the benchmark S&P 500 index landed in negative territory. Investors were cheered by the company's closing of its latest asset buy. Just after market close on Monday, ServiceNow divulged that it had completed its acquisition of cybersecurity company A...
Enterprise software developer ServiceNow (NYSE: NOW) enjoyed a modest rally on the stock exchange Tuesday, with its shares gaining 0.4% on a day when the benchmark S&P 500 index landed in negative territory. Investors were cheered by the company's closing of its latest asset buy. Just after market close on Monday, ServiceNow divulged that it had completed its acquisition of cybersecurity company Armis. The deal was originally announced last December, with the two companies agreeing that ServiceNow would be Armis' new owner for roughly $7.75 billion in cash. Image source: Getty Images. Continue reading
The impact of the Iran war will continue for months even after any deal to restore shipping through the Strait of Hormuz, the world’s largest oil traders have warned. Some said flows through the waterway may never return to normal. Speaking at the FT Commodities Global Summit in Lausanne, executives at some of the world’s largest oil traders warned that the rewiring of the oil market would take mo...
The impact of the Iran war will continue for months even after any deal to restore shipping through the Strait of Hormuz, the world’s largest oil traders have warned. Some said flows through the waterway may never return to normal. Speaking at the FT Commodities Global Summit in Lausanne, executives at some of the world’s largest oil traders warned that the rewiring of the oil market would take months even if a peace deal is agreed soon. The market is not fully reflecting the impact of the massive supply disruption, they said, cautioning that prices will need to ratchet higher to the point of pushing the global economy toward a recession if the conflict continues. Samantha Dart, Goldman Sachs Co-Head of Global Commodities Research, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Supitnan Pimpisarn/iStock via Getty Images MSCI ( MSCI ) has just released Q1 2026 results, and they were pretty solid: both adjusted EPS and operating revenue topped estimates . The first grew by 14.10%, and the second one increased by 13.80%. While I am writing, MSCI is approaching $600 per share, about 10% higher than my previous buy rating (October 2025) and outperforming the S&P 500 Index by ...
Supitnan Pimpisarn/iStock via Getty Images MSCI ( MSCI ) has just released Q1 2026 results, and they were pretty solid: both adjusted EPS and operating revenue topped estimates . The first grew by 14.10%, and the second one increased by 13.80%. While I am writing, MSCI is approaching $600 per share, about 10% higher than my previous buy rating (October 2025) and outperforming the S&P 500 Index by ~3%. Is the stock still undervalued? Market Concerns Appear to Be Unfounded As soon as the Q1 2026 earnings report was released, the stock market reacted positively with a gain of 6%. The reason was that Q1 2026 numbers didn’t objectively show any signs of revenue slowing down. Over the past few months we have been surrounded by the AI apocalypse narrative that will reshape our world. A lot of untouchable, high-margin companies could be replaced by efficient AI Agents able to replicate their business at a fraction of the costs. These concerns are especially affecting SaaS companies, but they eventually extended to other industries as well, including finance. In fact, the market started to wonder whether MSCI might be one of the victims of the recent AI developments. After all, one day AI Agents could create their own indices, making MSCI’s most important business totally worthless. In addition, AI Agents could create from scratch new and cheaper risk models than Barra, which means lower recurring operating revenue for MSCI. This narrative looks scary, and this is the main reason why MSCI is traded at low price multiples compared to the past: the current Price-to-Free Cash Flow multiple is ~12% lower than the 10-year average. Seeking Alpha, YCharts However, since MSCI is not showing deteriorating fundamentals, the market narrative is gradually changing. In this respect, the Q1 2026 earnings report is accelerating MSCI’s comeback. I didn’t find any sign that supports the AI apocalypse narrative. Starting with the index segment, operating revenues improved by 17.70% compared t...
Bolivia is trying to attract investors to revive its dilapidated hydrocarbons sector with an investor-friendly bill that would limit the share of revenues taken by the state. The government plans to present the proposal to congress in the coming weeks after a public consultation process, Hydrocarbons and Energy Minister Mauricio Medinaceli said Monday, in an interview. Bolivia was once a major nat...
Bolivia is trying to attract investors to revive its dilapidated hydrocarbons sector with an investor-friendly bill that would limit the share of revenues taken by the state. The government plans to present the proposal to congress in the coming weeks after a public consultation process, Hydrocarbons and Energy Minister Mauricio Medinaceli said Monday, in an interview. Bolivia was once a major natural gas exporter to Brazil and Argentina, but production is declining so rapidly that it may be forced to start importing the fuel by 2028, according to local think tank Fundacion Jubileo . That’s widening the fiscal deficit and aggravating the dollar shortage. The bill would cap the government’s take at 50% from about 60% currently, Medinaceli said. However, the new figure doesn’t include the tax on profits and other levies that would push it above that level, he said. The government of Rodrigo Paz , which took office in November, is seeking to reverse the long-term decline in Bolivia’s oil and gas output, which has been aggravated by underinvestment in exploration. However, that effort is hampered by the 2009 constitution, which cemented a state-led model for extraction of Bolivia’s mineral wealth and bans measures wanted by foreign investors such as international arbitration in the case of disputes. Medinaceli said the government will do what it can within the constitution, which it isn’t planning to amend. “The bill is under the umbrella of what the constitution says,” he says. The constitution, which took effect during the socialist administration of Evo Morales , gives state-owned YPFB broad control of the nation’s hydrocarbons. “Ideally, we should adhere somewhat to what the Constitution says, and then we have to change it later,” said Alvaro Ríos, a former hydrocarbons minister who now works as a consultant for the energy sector. Results from the new regulation on the sector will take between three and four years, according to government projections. In the meantim...
Robin Zeigler/iStock Editorial via Getty Images Shares of Peoples Bancorp Inc. ( PEBO ) have been a solid performer over the past year, gaining about 28%. On Tuesday, the stock rallied in early trading to a new 52-week high as the company reported solid Q1 results and announced a tuck-in acquisition. It also extended its dividend growth streak with another increase. We have seen an environment of ...
Robin Zeigler/iStock Editorial via Getty Images Shares of Peoples Bancorp Inc. ( PEBO ) have been a solid performer over the past year, gaining about 28%. On Tuesday, the stock rallied in early trading to a new 52-week high as the company reported solid Q1 results and announced a tuck-in acquisition. It also extended its dividend growth streak with another increase. We have seen an environment of elevated M&A as small banks seek to add scale and regulatory review has eased. PEBO is now actively participating in this trend. With updated financials and a new deal to dissect, now is a good time to consider if Peoples Bancorp is worth buying. Seeking Alpha Margin Expansion Supports A Solid Q1 Looking first at results, Peoples Bancorp earned $0.81 per share in the first quarter , beating estimates by a penny as revenue grew 6% to $119 million. Starting with its balance sheet, deposits are down 1% over the past year, reflecting its decision to allow high-cost deposits to roll off given excess liquidity on its balance sheet. Indeed, we saw a meaningful reduction in deposit costs, down 16 bps sequentially, as it allowed $154 million of high-cost brokered CDs to mature, given strength in client deposits. Non-interest-bearing balances also benefitted from seasonal government flows. Over the past year, deposit costs are down 32 bps, reflecting a ~1/3 pass-through of rate cuts. Peoples Bancorp Peoples' has a $6.8 billion loan portfolio, which was up $13 million sequentially. As you can see below, its loan portfolio is fairly diverse. Its commercial real estate exposure (“CRE”) is 24% of the portfolio, consistent with levels I like to see, and it has a similar amount of traditional business loans. Its loan-to-deposit ratio was a healthy 88.5%. I am comfortable with small regional banks running a bit over 90%, so there is room for PEBO to grow loans more quickly than deposits should there be sufficient demand from borrowers. Peoples Bancorp Its net interest margin (“NIM”) expande...
US President Donald Trump reversed himself again , this time on repeated statements that he was unlikely to approve an extension of the ceasefire in the US-Israel war with Iran. On Tuesday, the 79-year-old Republican did just that, as he continues to look for a way out of a deeply unpopular conflict that’s driven up gas prices while driving down his poll numbers. Earlier, Vice President JD Vance’s...
US President Donald Trump reversed himself again , this time on repeated statements that he was unlikely to approve an extension of the ceasefire in the US-Israel war with Iran. On Tuesday, the 79-year-old Republican did just that, as he continues to look for a way out of a deeply unpopular conflict that’s driven up gas prices while driving down his poll numbers. Earlier, Vice President JD Vance’s planned trip to Pakistan for peace negotiations was put off because Iranian officials refused to attend, citing what they said were unreasonable US demands. Iran’s semi-official Tasnim news agency said there is currently no prospect of Iran participating in negotiations. Top Iranian officials didn’t immediately comment on Trump’s latest pronouncement. Tasnim reported Iran didn’t request an extension of the ceasefire, citing unidentified sources. It also said the country won’t reopen the Strait of Hormuz as long as the American naval blockade continues, which Trump has pledged to keep in place. Before Trump’s latest turnabout, the world’s top oil traders warned that the ongoing closure of the strait is increasing the risk of a global recession . While international forecasters already acknowledge the conflict is sapping economic growth and oil demand, merchants including Vitol, Gunvor and Trafigura cautioned the situation will get even worse if the strait doesn’t open soon . What You Need to Know Today Kevin Warsh, Trump’s nominee to chair the Federal Reserve, appeared before the Senate Banking Committee for his confirmation hearing on Tuesday. Warsh responded to repeated questions from Democratic lawmakers over Trump’s demands for drastically lower interest rates by pledging to act independently, and rejecting the notion that he’d be Trump’s “ sock puppet .” He also said the central bank needed a new framework for dealing with persistent inflation , without offering more specifics. According to data released by the Trump administration Tuesday, US retail sales soared in Ma...
CVC Capital Partners Plc and GTCR are exploring a takeover of medical equipment provider Teleflex Inc. , according to people familiar with the matter. The buyout firms have been working together to evaluate a potential deal to take the Wayne, Pennsylvania-based company private, said the people, asking not to be identified because the details are private. No final decision has been made and CVC and...
CVC Capital Partners Plc and GTCR are exploring a takeover of medical equipment provider Teleflex Inc. , according to people familiar with the matter. The buyout firms have been working together to evaluate a potential deal to take the Wayne, Pennsylvania-based company private, said the people, asking not to be identified because the details are private. No final decision has been made and CVC and GTCR could still opt against pursuing a deal, the people added. Representatives for CVC, GTCR and Teleflex declined to comment. Teleflex closed down 5.5% to $124.75 in New York on Tuesday, giving the company a market value of about $5.5 billion. Teleflex provides breathing tubes, catheters vascular access devices and other medical tools often used in emergency rooms and intensive care units. The company — which announced a streamlining plan to divest several units last year — has come under pressure from Irenic Capital Management LP, an activist hedge fund that often pushes for M&A. Irenic sent a letter to its board in March, criticizing its “refusal to engage with potential acquirers despite receiving interest from multiple credible parties,” according to a statement.
Oil held a two-day gain after US President Donald Trump extended a ceasefire with Iran, even as peace talks faltered and a blockade of the Strait of Hormuz kept flows locked up. West Texas Intermediate traded above $90 barrel, after adding almost 10% in the prior two sessions, while Brent closed below $99. Trump said Tuesday that the US would hold off on fresh attacks on Iran but that a naval bloc...
Oil held a two-day gain after US President Donald Trump extended a ceasefire with Iran, even as peace talks faltered and a blockade of the Strait of Hormuz kept flows locked up. West Texas Intermediate traded above $90 barrel, after adding almost 10% in the prior two sessions, while Brent closed below $99. Trump said Tuesday that the US would hold off on fresh attacks on Iran but that a naval blockade of the vital shipping route would continue until “discussions are concluded, one way or the other.” Brent, the global benchmark, briefly surged above $100 a barrel in post-settlement trading on Tuesday after the AP reported that US Vice President JD Vance scrapped a trip to Islamabad for peace talks. That came as Iranian media reported that the country informed the US via Pakistan that it won’t attend the talks. Futures then fell following Trump’s comments on an extension. The negotiations had been seen as an 11th-hour chance for de-escalation before the two-week truce ended, and to clarify whether oil tankers will soon be able to transit the strait. The two sides have a host of unresolved issues, including the Islamic Republic’s nuclear capabilities and Israel’s invasion of Lebanon. “Headlines are coming 100 miles an hour, but the barrels are still stuck in neutral,” said Rebecca Babin , a senior energy trader at CIBC Private Wealth Group. “The back-and-forth around a ceasefire extension, potential blockade, and Iran’s role is keeping markets on edge, but the reality is flows remain constrained.” To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for June delivery rose 0.4% to $ 90.00 a barrel at 6:01 a.m. in Singapore. Brent for June settlement closed 3.1% higher at $98.48 a barrel on Tuesday.
Triumph Financial press release ( TFIN ): Q1 GAAP EPS of $0.23 beats by $0.08 . Revenue of $105.8M (+4.2% Y/Y) misses by $1.91M . More on Triumph Financial Triumph Financial, Inc. (TFIN) Q4 2025 Earnings Call Transcript Triumph Financial targets tripling LoadPay revenue and 50% EBITDA margin in payments segment for 2026 as company expands partnerships Seeking Alpha’s Quant Rating on Triumph Financ...
Triumph Financial press release ( TFIN ): Q1 GAAP EPS of $0.23 beats by $0.08 . Revenue of $105.8M (+4.2% Y/Y) misses by $1.91M . More on Triumph Financial Triumph Financial, Inc. (TFIN) Q4 2025 Earnings Call Transcript Triumph Financial targets tripling LoadPay revenue and 50% EBITDA margin in payments segment for 2026 as company expands partnerships Seeking Alpha’s Quant Rating on Triumph Financial Historical earnings data for Triumph Financial Financial information for Triumph Financial
The Philippines is trying to gradually establish “stable foundations” for its relations with China before tackling tougher problems such as the long-running South China Sea dispute, according to the country’s ambassador to Beijing. “We need a new equilibrium in our relations with China. Both sides [have agreed] to take incremental or baby steps towards that,” Jaime FlorCruz told the South China Mo...
The Philippines is trying to gradually establish “stable foundations” for its relations with China before tackling tougher problems such as the long-running South China Sea dispute, according to the country’s ambassador to Beijing. “We need a new equilibrium in our relations with China. Both sides [have agreed] to take incremental or baby steps towards that,” Jaime FlorCruz told the South China Morning Post. “That means a relationship that is stable, that is predictable, that is not subject to...
Healthcare leadership today requires more than operational oversight. It demands structural vision: the ability to design institutions that can withstand demographic pressure, technological disruption and rising patient expectations. It is no surprise, then, that for Dr Kenneth Tsang, Regional CEO of IHH Healthcare North Asia and Chief Executive Officer of Gleneagles Hospital Hong Kong, scale is a...
Healthcare leadership today requires more than operational oversight. It demands structural vision: the ability to design institutions that can withstand demographic pressure, technological disruption and rising patient expectations. It is no surprise, then, that for Dr Kenneth Tsang, Regional CEO of IHH Healthcare North Asia and Chief Executive Officer of Gleneagles Hospital Hong Kong, scale is a target, sustainability is the ambition. Preferring to describe himself as an architect, he has...