AI progress and autonomous vehicle expansion set to dominate Wednesday's earnings call, says the bank. Tesla Inc's (NASDAQ:TSLA) artificial intelligence ambitions and the early-stage rollout of its robotaxi service will be the central focus when the electric vehicle maker reports its...
AI progress and autonomous vehicle expansion set to dominate Wednesday's earnings call, says the bank. Tesla Inc's (NASDAQ:TSLA) artificial intelligence ambitions and the early-stage rollout of its robotaxi service will be the central focus when the electric vehicle maker reports its...
Looking at the universe of stocks we cover at Dividend Channel, on 4/23/26, Western Asset High Income Opportunity Fund (Symbol: HIO) will trade ex-dividend, for its monthly dividend of $0.0355, payable on 4/30/26. As a percentage of HIO's recent stock price of $3.73, this divid
Looking at the universe of stocks we cover at Dividend Channel, on 4/23/26, Western Asset High Income Opportunity Fund (Symbol: HIO) will trade ex-dividend, for its monthly dividend of $0.0355, payable on 4/30/26. As a percentage of HIO's recent stock price of $3.73, this divid
Looking at the universe of stocks we cover at Dividend Channel, on 4/23/26, Legg Mason BW Global Income Opportunities Fund (Symbol: BWG) will trade ex-dividend, for its monthly dividend of $0.08, payable on 4/30/26. As a percentage of BWG's recent stock price of $8.26, this div
Looking at the universe of stocks we cover at Dividend Channel, on 4/23/26, Legg Mason BW Global Income Opportunities Fund (Symbol: BWG) will trade ex-dividend, for its monthly dividend of $0.08, payable on 4/30/26. As a percentage of BWG's recent stock price of $8.26, this div
The High Man In The Castle By Michael Every of Rabobank The world is again waiting to see what comes out of US-Iran peace talks in Pakistan as the two-week ceasefire deadline looms. Again, it’s a binary outcome: war, with threatened strikes on bridges and power plants in Iran, then perhaps regionally, and an extended closure of Hormuz; or peace, and energy and key goods flowing again. The markets ...
The High Man In The Castle By Michael Every of Rabobank The world is again waiting to see what comes out of US-Iran peace talks in Pakistan as the two-week ceasefire deadline looms. Again, it’s a binary outcome: war, with threatened strikes on bridges and power plants in Iran, then perhaps regionally, and an extended closure of Hormuz; or peace, and energy and key goods flowing again. The markets have decided peace will be the outcome. Because markets. Yes, there are times when bad news logically justifies a rally, e.g., in a real threat of nuclear war, go long: it may not happen, and it can’t hurt if it did. However, when the threat is painful and potentially long-lasting, but not existential, does that logic hold? If so, why bother with geopolitical analysis (and many market participants don’t)? Everything works out in the end, you can’t afford to be the only fund manager who misses the inevitable rally, so just ‘buy all the things.’ Philip K. Dick’s ‘The Man in the High Castle’ is set in a 1962 where the Axis won WW2 and an occupied-US underground shares that on another plane of existence, things worked out differently. They are led by the ancient Chinese Book of Changes, the ‘I Ching’; today, markets view all existence as led by ‘ I kerching !’ Yet both views can be flawed. The ‘reality’ where the Axis lost WW2 is also not our world - rather, the British Empire under Churchill is gaining the upper hand in a global struggle with the US. Nobody knows what happens next with Iran . Is Mr Market ‘ The High Man in the Castle ’ in thinking everything always works out for him? Is whomever the actual Iranian decision maker the same if thinking the US won’t pull the trigger again if there is no deal, and that Iran wins from that pummeling? Is President Trump if supposing the Iranians are rational rather than theological? We may not have long to find out. For those who pay attention to geopolitics, there are some potentially optimistic signs . In the Middle East, China’s X...
Dismantling a VIE structure is a complex overhaul that can delay an IPO by six to 12 months For more than two decades, the variable interest entity (VIE) structure helped China’s most ambitious tech startups tap global capital. Now, some of the country’s hottest artificial intelligence unicorns are reassessing whether to unwind it. Against that backdrop, market attention has turned to AI startups ...
Dismantling a VIE structure is a complex overhaul that can delay an IPO by six to 12 months For more than two decades, the variable interest entity (VIE) structure helped China’s most ambitious tech startups tap global capital. Now, some of the country’s hottest artificial intelligence unicorns are reassessing whether to unwind it. Against that backdrop, market attention has turned to AI startups StepFun and Moonshot AI, both of which use red-chip VIE structures and now face difficult choices over their listing paths.
Apple (AAPL) CEO Tim Cook is stepping down and will be replaced by John Ternus. Yahoo Finance Technology Editor Dan Howley explains what investors need to know.
Apple (AAPL) CEO Tim Cook is stepping down and will be replaced by John Ternus. Yahoo Finance Technology Editor Dan Howley explains what investors need to know.
The Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) offers a lower-cost, government-only strategy, while the Fidelity Investment Grade Bond ETF (NYSEMKT:FIGB) provides broader corporate exposure with a higher yield but at a steeper expense ratio. Both funds serve as core fixed-income holdings designed to generate steady income and stabilize portfolios. While VGIT focuses strictly on the safe...
The Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) offers a lower-cost, government-only strategy, while the Fidelity Investment Grade Bond ETF (NYSEMKT:FIGB) provides broader corporate exposure with a higher yield but at a steeper expense ratio. Both funds serve as core fixed-income holdings designed to generate steady income and stabilize portfolios. While VGIT focuses strictly on the safety of U.S. Treasuries, FIGB casts a wider net across investment-grade sectors to potentially capture higher returns in exchange for increased credit risk. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Invesco has nine factor approaches to tracking the S&P 500. All but one have beaten the index this year, and two have stood out since the stock market’s March 30 low.
Invesco has nine factor approaches to tracking the S&P 500. All but one have beaten the index this year, and two have stood out since the stock market’s March 30 low.
Brandon Moser/iStock Editorial via Getty Images SpaceX ( SPACE ) is set for a blockbuster IPO later this year that could value the company north of $1.75 trillion. In this report, I discuss why this is a mind-blowing valuation in a negative sense and why it may also result in the aerospace and defense sector, and particularly space stocks, substantially increasing in value. SpaceX Is Not Pure Spac...
Brandon Moser/iStock Editorial via Getty Images SpaceX ( SPACE ) is set for a blockbuster IPO later this year that could value the company north of $1.75 trillion. In this report, I discuss why this is a mind-blowing valuation in a negative sense and why it may also result in the aerospace and defense sector, and particularly space stocks, substantially increasing in value. SpaceX Is Not Pure Space SpaceX consists of the launch services, and I would say the company has taken the right approach there by not filing for an IPO when it was still maturing the business and instead considering an IPO once it had a strong launch cadence. The other part of the company and likely the profit driver is Starlink, which provides satellite-internet solutions. Both of these elements are pure space. What makes SpaceX less pure-space is that it acquired xAI. That does set the company up to become the first vertically integrated space-AI company. However, I ran a preliminary sizing assessment on space-based GPUs and found that currently, the economics do not add up, and so space-based AI would only work if there is really no space (no pun intended) for AI data centers on Earth. $1.75 Trillion Values The Company Through 2030 A $1.75 trillion valuation would be huge. According to Reuters, the company generated $8 billion in EBITDA in 2025 on $15-$16 billion in sales. So, that is around 50% in EBITDA margins. If we simply divide $1.75 trillion by $8 billion, we get an EV/EBITDA of roughly 220x. As a reference, the aerospace and defense industry is currently trading at around 24x EV/EBITDA. That would imply substantial overvaluation against current-year expected earnings. However, even SpaceX is likely a name that one would buy at elevated prices for its value generation in the years ahead and likely into the next decade. Valuation SpaceX (The Aerospace Forum) If we apply a growth assumption of 30% and each 10% growth adds one point in EBITDA margins, we note that the stock would be tradi...
Juanmonino/E+ via Getty Images Kevin Warsh, nominated by Donald Trump to lead the Federal Reserve, is set to testify before the Senate Banking Committee, with markets closely watching for policy signals. Investors are focused less on confirmation odds and more on the substance of Warsh’s remarks, particularly around inflation trends, the timing of potential rate cuts, and the economic implications...
Juanmonino/E+ via Getty Images Kevin Warsh, nominated by Donald Trump to lead the Federal Reserve, is set to testify before the Senate Banking Committee, with markets closely watching for policy signals. Investors are focused less on confirmation odds and more on the substance of Warsh’s remarks, particularly around inflation trends, the timing of potential rate cuts, and the economic implications of artificial intelligence. Prediction market platform Kalshi indicates traders expect these themes to dominate the hearing. The testimony could provide insight into how Warsh might steer monetary policy if confirmed, offering markets a clearer sense of the Federal Reserve’s future direction. Outlined below are what traders on Kalshi are pricing in to what Warsh will say during the hearing: Inflation — 98% chance. Trump — 98% chance. Wife — 96% chance. 2008 / Financial Crisis — 94% chance. Powell — 94% chance. AI / Artificial Intelligence — 89% chance. Crypto / Cryptocurrency / Bitcoin — 86% chance. Rate Cut / Cut Rate — 85% chance. Tariff — 84% chance. Oil — 84% chance. Bessent — 49% chance. Iran — 49% chance. Estee Lauder — 46% chance. Cook — 30% chance. Renovation — 26% chance. Epstein — 18% chance. Judy Shelton — 4% chance. Market Tracking ETFs: ( DIA ), ( DDM ), ( DOG ), ( DXD ), ( SDOW ), ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( QQQ ), ( QQQM ), ( TQQQ ), ( QID ), and ( SQQQ ). More on markets ETFs extend their historic inflow streak to 82 months TS Lombard: Iran de-escalation could fuel a global market rally Hormuz disruption lingers: Markets price gradual reopening, not a quick fix Energy and AI drive positive earnings revisions while most sectors stall S&P 500: I Sold Too Early, What Now? (Technical Analysis)
Player lost concentration after spectator’s criticism Trump edges in front of Wilson after early reverses Shaun Murphy has criticised an audience member who berated him for one of his shots during the opening session of his first-round match against Fan Zhengyi at the World Snooker Championship in Sheffield. Murphy said he lost concentration after a spectator in the front row muttered “shit shot” ...
Player lost concentration after spectator’s criticism Trump edges in front of Wilson after early reverses Shaun Murphy has criticised an audience member who berated him for one of his shots during the opening session of his first-round match against Fan Zhengyi at the World Snooker Championship in Sheffield. Murphy said he lost concentration after a spectator in the front row muttered “shit shot” during a gruelling battle which the former champion edged 5-4, going into Tuesday evening’s conclusion. This report will be updated later. Continue reading...
In early trading on Tuesday, shares of UnitedHealth Group topped the list of the day's best performing Dow Jones Industrial Average components, trading up 9.1%. Year to date, UnitedHealth Group registers a 6.9% gain. And the worst performing Dow component thus far on the day i
In early trading on Tuesday, shares of UnitedHealth Group topped the list of the day's best performing Dow Jones Industrial Average components, trading up 9.1%. Year to date, UnitedHealth Group registers a 6.9% gain. And the worst performing Dow component thus far on the day i
A plan by Marine Le Pen ’s far-right party to scrap renewables and the energy regulator would be a disaster for France, the CEO of giant utility Engie SA said, in one of the sharpest rebukes from a business leader ahead of next year’s presidential election. “Ideas that are advocated by the National Rally on energy markets are not good for France,” Engie Chief Executive Officer Catherine MacGregor ...
A plan by Marine Le Pen ’s far-right party to scrap renewables and the energy regulator would be a disaster for France, the CEO of giant utility Engie SA said, in one of the sharpest rebukes from a business leader ahead of next year’s presidential election. “Ideas that are advocated by the National Rally on energy markets are not good for France,” Engie Chief Executive Officer Catherine MacGregor told the French business journalists’ association AJEF in Paris on Tuesday. Ditching the independent energy regulator when projects are largely tied to government decisions would be “a disaster for a company like Engie and for energy in France.” Leaders of business federations and executives of large companies, who have long largely stayed away from meeting far-right officials, have been preparing for the possibility that Le Pen’s party comes to power. Polls are showing that National Rally President Jordan Bardella is among the top favorites at the presidential elections in 2027. “We have a role to educate policymakers on energy matters that are very complicated,” said MacGregor, who recently had dinner with Marine Le Pen alongside other business leaders. “We can’t let grow ideas that are toxic for France, for its energy security, for electricity costs, for decarbonization.” Tapping into anger among voters that climate policies are hitting their wallets, the National Rally made inroads in legislative elections in 2024 after campaigning against wind and solar and curbs on the use of most polluting cars in city centers. It also called for disconnecting French power prices from European markets, a move seen as making the whole region’s energy supplies less secure. While the National Rally is the most vocal opponent of renewable energy, Bruno Retailleau — the head of the conservative Republicans party who plans to run in next year’s presidential elections — has also called for a halt to government support for new solar and wind projects. Plans to extend the lifetime of state-ow...