Rigetti unveils its 108-qubit Cepheus system, tripling capacity and boosting fidelity as it advances chiplet-based scaling and targets quantum advantage.
Rigetti unveils its 108-qubit Cepheus system, tripling capacity and boosting fidelity as it advances chiplet-based scaling and targets quantum advantage.
Amazon (NASDAQ:AMZN) has delivered accelerating numbers, a widening moat, and a valuation that makes sense for what this company is becoming. I can’t stop buying AMZN stock, here’s why. Reason 1: AWS Is Reaccelerating Into AI Demand The most important number in Amazon’s business is the trajectory of AWS growth. In Q1 2025, AWS grew ... Why I Can’t Stop Buying Amazon Stock
Amazon (NASDAQ:AMZN) has delivered accelerating numbers, a widening moat, and a valuation that makes sense for what this company is becoming. I can’t stop buying AMZN stock, here’s why. Reason 1: AWS Is Reaccelerating Into AI Demand The most important number in Amazon’s business is the trajectory of AWS growth. In Q1 2025, AWS grew ... Why I Can’t Stop Buying Amazon Stock
Is AI helping with your workouts? We want to hear about it According to reports , people are incorporating AI into their fitness routines in a variety of ways; they have it write up training plans, design meal plans and workout playlists, and provide feedback on form. We want to hear from you: how are you using AI in your workouts? Continue reading...
Is AI helping with your workouts? We want to hear about it According to reports , people are incorporating AI into their fitness routines in a variety of ways; they have it write up training plans, design meal plans and workout playlists, and provide feedback on form. We want to hear from you: how are you using AI in your workouts? Continue reading...
JHVEPhoto/iStock Editorial via Getty Images We are early in our coverage of the Q1 regional bank earnings season. We believe reviewing the earnings of regional banks is a great way to do a "pulse check" on the strength of the economy both locally and regionally. Thus far we have seen strength in the few that have reported thus far. In today's column, we return to Citizens Financial Group, Inc. ( C...
JHVEPhoto/iStock Editorial via Getty Images We are early in our coverage of the Q1 regional bank earnings season. We believe reviewing the earnings of regional banks is a great way to do a "pulse check" on the strength of the economy both locally and regionally. Thus far we have seen strength in the few that have reported thus far. In today's column, we return to Citizens Financial Group, Inc. ( CFG ). We maintain a neutral rating at these levels and note that operations are remaining resilient. Citizens is one of the larger regional banks that we cover. A few years ago, management embarked on a strategy to be more strict in its lending standards, and this paid off with improving asset quality over the last few years. While there was some pressure on loan volume from the tightening of standards, the margin power has gotten better. Further, the bank stock continues to raise its dividend, with another 9.5% increase announced last fall. Today Citizens just reported Q1 earnings . Let us check in on and discuss the key metrics of Citizens Financial that we follow. Citizens Financial Q1 Earnings Headline Results In the just-reported Q1 , Citizens saw positive results overall. Revenues rose a robust 11.9% to $2.17 billion from a year ago. It was essentially in line with consensus expectations (a beat of $10 million). The provision for credit losses was $140 million, which was down from $153 million from last year's Q1. We see no issue with this level of provisions, which could indicate issues with repayment or expected losses. In fact, loan loss provisions for losses have been around the same level each quarter over the last year and are edging lower over time. That is a good sign. The bank saw net income increase from $373 million last year to $517 million in Q1. It did, however, edge slightly lower from $528 million in the sequential Q4. But EPS was better than expected; it hit $1.13 and was a $0.04 beat against consensus expectations. This was up 47% from last year and ...
EschCollection/DigitalVision via Getty Images After reading the recent headlines and comments in many macro analysts' articles here on Seeking Alpha since the ceasefire in the Middle East, I can conclude with a relatively high conviction that a good number of investors still haven’t bought the dip. That’s totally fine. We each have our own risk tolerance, right? And, as you may well know, mine is ...
EschCollection/DigitalVision via Getty Images After reading the recent headlines and comments in many macro analysts' articles here on Seeking Alpha since the ceasefire in the Middle East, I can conclude with a relatively high conviction that a good number of investors still haven’t bought the dip. That’s totally fine. We each have our own risk tolerance, right? And, as you may well know, mine is through the roof. As I'm writing, despite early signs of hope , Hormuz is still largely blocked, and there is no deal between the U.S. and Iran yet. In other words, we're not out of the woods yet. That said, the market has spoken, and the major U.S. benchmarks are now back in the green. Guidance Terminal As I'm writing, the SPY has broken a new all-time high, despite the fact that consumer sentiment is worse than in the 2022 inflation shock, the 2020 pandemic, the 2008 GFC, the 2001 dot com bust, the early-1990s recession, the double-dip recession of the early 1980s, or the 1973-75 oil shock recession. Let me be crystal clear before I continue with my bull case. Despite being bullish, I strongly believe there will be a big AI bubble bust in 202x (and I really believe it’s going to be big). This will be the topic of an upcoming article, but I advance here that I have little to no doubt that a lot of the market optimism rests on a single pillar: AI will lift earnings. It's my view that investors will eventually grow impatient waiting to see broad-based AI earnings growth, outside of a few pockets like Palantir, Meta (remember its Q4 earnings and the strong Q1 guidance), or the picks and shovels in the AI data center buildout (a theme I actually bought last week). You may have noticed a few paragraphs back that I said 202x. To be clear, I am unsure when the peak of the AI supercycle (or bubble, call it however you want) will be, as I don't see any cockroaches in the kitchen yet. For reference, I discussed how to time the peak of the AI bubble in an article I wrote last year. I...
Health secretary in a diary entry said his kids were in the car as he cut off animal’s genitals in 2001 to ‘study them later’ Robert F Kennedy Jr once cut the penis off a road-killed raccoon in an incident that is just one of several involving dead animals that the controversial US health secretary has been involved in. A new book called RFK Jr: The Fall and Rise was published this week and reveal...
Health secretary in a diary entry said his kids were in the car as he cut off animal’s genitals in 2001 to ‘study them later’ Robert F Kennedy Jr once cut the penis off a road-killed raccoon in an incident that is just one of several involving dead animals that the controversial US health secretary has been involved in. A new book called RFK Jr: The Fall and Rise was published this week and reveals a diary entry for Kennedy that describes the prominent vaccine critic and leader of the “Make America healthy again” (Maha) movement stopping his car on a New York highway on 11 November 2001. Continue reading...
Earnings Call Insights: U.S. Bancorp (USB) Q1 2026 Management View “This quarter, we delivered earnings per share of $1.18... Total net revenue of $7.3 billion increased 4.7% year-over-year,” said (President, CEO & Director Gunjan Kedia), adding that results were supported by “robust core loan growth in commercial and credit card and a second consecutive quarter of record consumer deposits.” Kedia...
Earnings Call Insights: U.S. Bancorp (USB) Q1 2026 Management View “This quarter, we delivered earnings per share of $1.18... Total net revenue of $7.3 billion increased 4.7% year-over-year,” said (President, CEO & Director Gunjan Kedia), adding that results were supported by “robust core loan growth in commercial and credit card and a second consecutive quarter of record consumer deposits.” Kedia spotlighted small business as a growth push, saying “our recently announced partnership with Amazon is significant in size and will meaningfully expand our small business reach,” and framed it as different from typical co-brand deals by “anticipating a clear pathway to broader banking relationships over time.” Kedia emphasized payments and capital markets momentum, saying “capital markets' performance was particularly strong” and that “our organic product expansion as well as our pending BTIG acquisition are expected to drive sustained revenue growth.” “We reported earnings per common share of $1.18 and generated $7.3 billion of net revenue,” said (Vice Chair & Chief Financial Officer John Stern), while also stating, “credit quality metrics remain stable” and “net interest margin was flat linked quarter at 2.77%.” Outlook “Net interest income growth... is expected to be in the range of 6% to 7% compared to the second quarter of 2025,” said (CFO Stern), alongside “total fee revenue growth... in the range of 6% to 7%” and “total noninterest expense growth of 3% to 4%” (all vs. Q2 2025). “We expect total net revenue growth to be in the range of 4% to 6% compared to the prior year,” Stern said, while keeping “positive operating leverage of 200 basis points or more for the full year.” Stern said guidance “excludes the impact of the pending BTIG acquisition,” which “is expected to contribute approximately $200 million of fee revenue per quarter, with an anticipated close date in the back half of the second quarter,” while also stating “the impact of the Amazon small-business car...
(RTTNews) - Intertek Group plc (ITRK.L) Thursday revealed that it has rejected an unsolicited takeover proposal from EQT, stating the offer significantly undervalues the company.
(RTTNews) - Intertek Group plc (ITRK.L) Thursday revealed that it has rejected an unsolicited takeover proposal from EQT, stating the offer significantly undervalues the company.
Gas prices are still low in Oklahoma, a lesson in why prices vary so much across America. The average price of a gallon of regular is $3.40 now, according to GasBuddy. By contrast, the state with the highest prices is California at $5.86, which is 72% higher than Oklahoma’s. Oklahoma is also close to where ... Gas Is Still Cheap In Oklahoma
Gas prices are still low in Oklahoma, a lesson in why prices vary so much across America. The average price of a gallon of regular is $3.40 now, according to GasBuddy. By contrast, the state with the highest prices is California at $5.86, which is 72% higher than Oklahoma’s. Oklahoma is also close to where ... Gas Is Still Cheap In Oklahoma
Cloud customers today refuse to bet everything on one provider. They run AI models across platforms, keep regulated data in one spot, and tap the best tools wherever they live. Multicloud setups now handle the heavy lifting for enterprise AI, with data flowing freely between environments. That shift explains why infrastructure-as-a-service (IaaS) spending keeps climbing ... Oracle’s New AWS Partne...
Cloud customers today refuse to bet everything on one provider. They run AI models across platforms, keep regulated data in one spot, and tap the best tools wherever they live. Multicloud setups now handle the heavy lifting for enterprise AI, with data flowing freely between environments. That shift explains why infrastructure-as-a-service (IaaS) spending keeps climbing ... Oracle’s New AWS Partnership Just Put It Ahead of Azure and Google Cloud
(RTTNews) - After showing a lack of direction early in the session, stocks have moved mostly higher over the course of the trading day on Thursday. The major averages have all moved to the upside, with the Nasdaq and the S&P 500 reaching new record intraday highs.
(RTTNews) - After showing a lack of direction early in the session, stocks have moved mostly higher over the course of the trading day on Thursday. The major averages have all moved to the upside, with the Nasdaq and the S&P 500 reaching new record intraday highs.
watch now VIDEO 1:03 01:03 President Trump: Israel, Lebanon will begin a 10 day ceasefire today at 5 p.m. ET Money Movers The leaders of Israel and Lebanon agreed to a 10-day ceasefire after officials from the two countries met in Washington, President Donald Trump said Thursday. The temporary truce will start at 5 p.m. ET, Trump said in a Truth Social post . The U.S. president wrote that he had j...
watch now VIDEO 1:03 01:03 President Trump: Israel, Lebanon will begin a 10 day ceasefire today at 5 p.m. ET Money Movers The leaders of Israel and Lebanon agreed to a 10-day ceasefire after officials from the two countries met in Washington, President Donald Trump said Thursday. The temporary truce will start at 5 p.m. ET, Trump said in a Truth Social post . The U.S. president wrote that he had just completed "excellent conversations" with Israeli Prime Minister Benjamin Netanyahu and President Joseph Aoun of Lebanon. The two leaders struck the ceasefire agreement "in order to achieve PEACE between their Countries," Trump wrote. Vice President JD Vance , Secretary of State Marco Rubio and Joint Chiefs Chairman Dan Caine will "work with Israel and Lebanon to achieve a Lasting PEACE," Trump added. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.