Amazon used its market leverage to get companies such as Walmart to increase prices on their websites so the e-commerce giant would not be undercut by its competitors, according to a filing unsealed Monday in an ongoing lawsuit by California’s attorney general. Attorney General Rob Bonta sued Amazon in San Francisco Superior Court in 2022 accusing the company of violating the state’s antitrust and...
Amazon used its market leverage to get companies such as Walmart to increase prices on their websites so the e-commerce giant would not be undercut by its competitors, according to a filing unsealed Monday in an ongoing lawsuit by California’s attorney general. Attorney General Rob Bonta sued Amazon in San Francisco Superior Court in 2022 accusing the company of violating the state’s antitrust and unfair competition laws. The lawsuit is scheduled to go to trial next year but Bonta is asking the judge to order Amazon to cease its practices immediately.
Akarapong Chairean/iStock via Getty Images Equities surged to all-time highs in trading last week. The NASDAQ rose 6.8% to lead the charge. The tech-heavy index has now seen 13 straight winning sessions, its longest winning streak since 1992. The rally broadened late in the week after the Iranian Foreign Minister announced it would allow passage through the Strait of Hormuz during the current ceas...
Akarapong Chairean/iStock via Getty Images Equities surged to all-time highs in trading last week. The NASDAQ rose 6.8% to lead the charge. The tech-heavy index has now seen 13 straight winning sessions, its longest winning streak since 1992. The rally broadened late in the week after the Iranian Foreign Minister announced it would allow passage through the Strait of Hormuz during the current ceasefire. Small caps rallied strongly, with the Russell 2000 climbing more than six percent on the week. With a week and a half to go in April, is it time to embrace the old investment adage to ' Sell in May ?' or are further gains in equities ahead? This article will highlight five things that should give prudent investors pause on whether this rally will continue as we get deeper into Spring. Iran Isn't Over: This is probably the most obvious reason to be apprehensive about the weeks ahead. The hopes that the Strait of Hormuz was on its way to being reopened that drove the markets higher last week had the half-life of a mouse fart. The weekend saw Iranian gunships opening fire on an Indian-owned and manned tanker after that ship had gotten permission to transverse this transit point. LSEG Iran’s Revolutionary Guard has now stated the Strait will remain closed until the U.S. lifts its blockade of Iranian ports. The POTUS has simultaneously stated that a broader peace agreement remains within reach while also threatening to blow up every bridge and energy facility in Iran if the Strait is not reopened. The US military is also apparently preparing to board Iran-linked oil tankers and seize commercial ships in international waters. Bloomberg, Vortexa If this degree of uncertainty persists into this week, a good chunk of last week's gains will be given back. The longer the Strait of Hormuz remains closed, the longer prices for oil, LNG, jet fuel, diesel, phosphate, helium, phosphate, urea, etc., remain elevated. And each week this goes on, the greater the chances of significant d...
Shutthiphong Chandaeng/iStock via Getty Images Recap Last month I published The New Magic Formula For Investing here on Seeking Alpha. In that article I covered the original magic formula shared by Joel Greenblatt in his 2005 book "The Little Book That Beats The Market", and later expanded in the follow up edition published in 2011. I explained how the magic formula works, shared a simple backtest...
Shutthiphong Chandaeng/iStock via Getty Images Recap Last month I published The New Magic Formula For Investing here on Seeking Alpha. In that article I covered the original magic formula shared by Joel Greenblatt in his 2005 book "The Little Book That Beats The Market", and later expanded in the follow up edition published in 2011. I explained how the magic formula works, shared a simple backtest applied to the constituent stocks of the S&P 500 and outlined the basic concept of the new magic formula, the Quality Cash-Flow Formula [QCF]. The QCF Formula follows the same principle as the original magic formula, but replaces the Quality and Value metrics used to find the most opportune stocks. In the original magic formula Quality is measured by Return on Capital defined as: ROC = EBIT / (Net Working Capital + Net Fixed Assets) And value is measured by Earnings Yield defined as: Earnings Yield = EBIT / Enterprise Value The QCF Formula uses Return on Capital Employed [ROCE] as the Quality metric and Price to Free-Cash-Flow [P/FCF] as the Value metric. In my backtest applied to the constituent stocks of the S&P 500 between 2016 and February 2026, the QCF Formula produced better results both in terms of arithmetic returns and risk-adjusted returns. The margin of difference was not wide but statistically significant. In terms of compounded annual growth the QCF model outperformed by 3.7%-7.5%, depending on portfolio size, and in terms of risk-adjusted returns the outperformance ranged from 5.6% to 34%. I also proposed the next step in the evolution of the QCF model as designing a more optimal starting universe. The outlined areas of opportunity were: historical revenue growth, free cash flow growth, free cash flow margin, Net debt / EBITDA and dilution of outstanding shares. In this article I will summarize the initial findings of testing the aforementioned metrics, applying a threshold filter to the universe, testing a momentum factor and various other ranking methodolog...
ozgurdonmaz/iStock Unreleased via Getty Images Apple, Inc. ( AAPL ) stock has almost doubled in the past 5 years. For a mature, well-established tech giant, this has been great. That said, as an Apple consumer, I cannot bring myself to justify the integration of AI features/tools into its products. I use a 2025 MacBook Air, an iPhone 13 (pardon me for not upgrading to the latest iPhone - I am not ...
ozgurdonmaz/iStock Unreleased via Getty Images Apple, Inc. ( AAPL ) stock has almost doubled in the past 5 years. For a mature, well-established tech giant, this has been great. That said, as an Apple consumer, I cannot bring myself to justify the integration of AI features/tools into its products. I use a 2025 MacBook Air, an iPhone 13 (pardon me for not upgrading to the latest iPhone - I am not a fan), and an iPad as well. I am deeply hooked into the Apple ecosystem, only to realize Apple is lagging its competitors big time when it comes to AI. The latest setback comes with the launch of the MacBook app for Perplexity Computer on April 16. It is disheartening to see Perplexity Computer achieving what Siri failed to do. In this analysis, I will discuss how Perplexity Computer has displaced Siri and what this means to Apple. Perplexity is Making the Most of Apple's Delayed Overhaul of Siri Perplexity is one of the fastest-growing AI platforms in the world. I am sure many of my readers have used Perplexity at least once in the past few years. As you can see below, Perplexity has maintained a steady share of global Gen AI traffic in the past 12 months (1.66% in March 2025 vs. 1.64% in March 2026). Exhibit 1: Gen AI market share Similarweb Perplexity Computer is not the same as the Perplexity chatbot. Perplexity Computer is the agentic AI orchestration platform that was launched in late February . This is not a Gen AI platform that will answer your questions. Rather, Perplexity Computer can help you execute your workflows. In other words, it can get work done for you. For example, Perplexity Computer can run a workflow command for you even when you are not sitting in front of your computer, actively talking to Perplexity. Some of the tasks Perplexity Computer can do for you include conducting deep research, deploying applications, data entry, and even continuously tracking competitors. When you start using Perplexity Computer, you'd feel as if a dozen AI employees are ...
alexskopje/iStock via Getty Images Democrats on the Senate Banking, Housing, and Urban Affairs Committee released on Monday a report analyzing Kevin Warsh's publicly available financial disclosures and ethics agreements. Last week, the group asked that Warsh's confirmation hearing for the Federal Reserve chair post, scheduled for 10 AM ET on April 21, be delayed. On Thursday, Warsh's financial dis...
alexskopje/iStock via Getty Images Democrats on the Senate Banking, Housing, and Urban Affairs Committee released on Monday a report analyzing Kevin Warsh's publicly available financial disclosures and ethics agreements. Last week, the group asked that Warsh's confirmation hearing for the Federal Reserve chair post, scheduled for 10 AM ET on April 21, be delayed. On Thursday, Warsh's financial disclosures were made public, indicating he has at least $190M of assets. The Democrats said they have further questions around four main themes: More details are needed on key sources of his wealth and income; also, they say he didn't provide key details about planned divestitures. How much of his fortune was made at the expense of workers and families. How his wealth is tied to billionaire Stanley Druckenmiller, whose investing strategy is partly driven by his predictions of Fed monetary policy. With Warsh's name appearing in the Epstein files, the nominee's financial disclosures raise questions regarding potential links to Epstein. The members of the minority party in the Senate stressed that more information is needed to give the American public more confidence that Warsh "is making decisions based on what is in the best interest of our economy, instead of his own bottom line or the interests of Wall Street." Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on the Federal Reserve Warsh declares Fed policy independence as essential and urges Fed to stay in its lane Trump says he will fire Fed's Powell if he doesn't leave 'on time' Fed officials see higher risk in inflation and labor market, while the Iran war clouds outlook: FOMC minutes
Saema Somalya, the Chief Legal and Corporate Affairs Officer of Remitly Global (NASDAQ:RELY) , reported the sale of 35,976 shares of common stock in multiple open-market transactions on April 14 and April 15, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($18.07); post-transaction value based on April 15, 2026 market close ($4,900,11...
Saema Somalya, the Chief Legal and Corporate Affairs Officer of Remitly Global (NASDAQ:RELY) , reported the sale of 35,976 shares of common stock in multiple open-market transactions on April 14 and April 15, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($18.07); post-transaction value based on April 15, 2026 market close ($4,900,110.90). * 1-year performance calculated using April 15, 2026 as the reference date. Continue reading