Apple Inc (NASDAQ:AAPL, XETRA:APC) is set to deliver a fiscal second quarter earnings report driven by continued momentum in iPhone sales and Services growth, prompting Bank of America to lift its price objective on the company to $325 from $320. “We expect a strong report and guide given...
Apple Inc (NASDAQ:AAPL, XETRA:APC) is set to deliver a fiscal second quarter earnings report driven by continued momentum in iPhone sales and Services growth, prompting Bank of America to lift its price objective on the company to $325 from $320. “We expect a strong report and guide given...
Amazon has agreed to buy satellite operator Globalstar in a deal worth roughly $11.6 billion, marking its largest acquisition since the 2017 purchase of Whole Foods. The deal could help Amazon compete more closely with its fast-growing rival Starlink. Bloomberg's Michelle Davis reports. (Source: Bloomberg)
Amazon has agreed to buy satellite operator Globalstar in a deal worth roughly $11.6 billion, marking its largest acquisition since the 2017 purchase of Whole Foods. The deal could help Amazon compete more closely with its fast-growing rival Starlink. Bloomberg's Michelle Davis reports. (Source: Bloomberg)
Bet_Noire U.S. Treasury Secretary Scott Bessent said the Federal Reserve should take a "wait and see" approach to lowering interest rates given the ongoing war in Iran. “Do I think rates should be lowered? Eventually. I think now that we have to wait and see,” Bessent said late Monday at the Semafor World Economy event in Washington. “But I think as we went into January [and] came out of January a...
Bet_Noire U.S. Treasury Secretary Scott Bessent said the Federal Reserve should take a "wait and see" approach to lowering interest rates given the ongoing war in Iran. “Do I think rates should be lowered? Eventually. I think now that we have to wait and see,” Bessent said late Monday at the Semafor World Economy event in Washington. “But I think as we went into January [and] came out of January and February—the economy was very strong.” Bessent said he thought the Fed was “doing the right thing by sitting and watching” to see how the war proceeds, adding that he didn't think the recent price hikes due to escalating gas and oil prices would impact how consumers view the economy in the long run. “I don’t believe this is going to get embedded into inflation expectations," he said. More on SPDR S&P 500 ETF Trust, Vanguard 500 Index Fund ETF Q1 2026 Earnings Preview: Double-Digit Growth And The Visibility Gap The Market Doesn't Seem To Care About The Naval Blockade This Rally On Rhetoric Is Long In The Tooth U.S. equity overvaluation fears hit 2019 low - BofA S&P 500 returns to positive territory and erases Middle East conflict losses
buradaki/iStock via Getty Images A $300 billion liquidity storm is about to hit the market, tightening financial conditions and threatening to derail the equity market’s rally attempt. The $300 billion amount may even be an understatement, given the Treasury's own projections. Tax Season Is Here With U.S. taxes due on April 15, the Treasury General Account is likely to surge, and if history is any...
buradaki/iStock via Getty Images A $300 billion liquidity storm is about to hit the market, tightening financial conditions and threatening to derail the equity market’s rally attempt. The $300 billion amount may even be an understatement, given the Treasury's own projections. Tax Season Is Here With U.S. taxes due on April 15, the Treasury General Account is likely to surge, and if history is any guide, the TGA could rise by around $300 billion or more over the next few days. The TGA rose by around $350 billion in 2022, $150 billion in 2023, $240 billion in 2024, and $310 billion in 2025. The U.S. Treasury Department predicts the TGA will climb to around $1.025 trillion around tax day , a $322 billion increase from the $703 billion it stood at as of April 10. Macrobond That would be a direct hit to the reserve balance. Additionally, the reverse repo facility has become a non-factor, running at near $0 daily for the past few months, which means that there is no direct buffer to offset the drain on the reserve balance. With reserves currently around $3.2 trillion, it is likely that once the TGA rises, reserves will fall back to $2.8-$2.9 trillion, depending on the magnitude of the TGA rise. There are very few offsets on the Fed’s balance sheet that can absorb a move of this size, meaning that most of the gains in the TGA will fall directly on reserves. Macrobond Equities At Risk Historically, when the TGA rises during tax season, the S&P 500 tends to struggle. Since 2022, the S&P 500 ( SP500 ) has fallen in the days immediately following tax season and the rise in the TGA. The only year that saw the S&P 500 essentially trade flat was 2023, during the debt ceiling debate and as the reverse repo facility was draining, buffering some of the TGA impacts. TradingView If the pattern persists and, more importantly, the TGA rises as expected, it would put an abrupt end to the recent rally in risk assets. A rise in TGA and a decline in reserves would tighten liquidity, simila...
Earnings Call Insights: CarMax (KMX) Q4 FY2026 Management view “During the fourth quarter, we made solid progress on the priorities outlined last call to strengthen the business,” including “lowering our prices, investing in acquisition marketing and deploying an initial set of digital enhancements designed to drive conversion,” said Thomas Folliard (Interim Executive Chairman). “We improved our s...
Earnings Call Insights: CarMax (KMX) Q4 FY2026 Management view “During the fourth quarter, we made solid progress on the priorities outlined last call to strengthen the business,” including “lowering our prices, investing in acquisition marketing and deploying an initial set of digital enhancements designed to drive conversion,” said Thomas Folliard (Interim Executive Chairman). “We improved our sales trends,” but “our EPS during the quarter was impacted by restructuring costs as well as by a noncash goodwill impairment,” said Enrique Mayor-Mora (Executive VP & CFO). “We will put the customer at the heart of every decision we make to drive better performance,” and the initial priorities are to “make CarMax the obvious and easy choice,” “use technology to drive more differentiated experiences and efficiencies,” and “act with more urgency and intention,” said Keith Barr (CEO, President & Director). “We expect our penetration growth targeting the top half of Tier 2 will accelerate in FY ’27,” and the redesigned MaxCare/MaxCare Plus rollout “has shown encouraging results across multiple markets to date,” said Jon Daniels (Senior Vice President). Outlook “As a guidepost for FY ’27, we currently expect used margins for the full year to decline at a rate broadly in line with our fourth quarter year-over-year trend,” and “we expect the first quarter to reflect the largest year-over-year decline at closer to $300 per unit,” said CFO Mayor-Mora. “We have completed our EPP product redesign and testing and have begun our national rollout, which we expect will drive approximately $35 per unit in margins in FY ’27,” said Mayor-Mora. “Regarding SG&A, we expect FY ’27 exit rate reductions of $200 million, an increase over the previous guidance of $150 million,” while “the year-over-year savings within FY ’27 are expected to be offset” by annualization of reduced corporate bonus/share-based comp, inflation, and new location growth, said Mayor-Mora. “With leverage slightly above our ...
Dmitry Vinogradov Charles River Laboratories ( CRL ) gained on Tuesday as RBC Capital Markets launched its coverage with an Outperform recommendation, noting that the company is attractively valued despite disruption from New Alternative Methods (NAMs) for preclinical research. Shares of the contract research organization dipped in March after the FDA issued draft guidance to help drug developers ...
Dmitry Vinogradov Charles River Laboratories ( CRL ) gained on Tuesday as RBC Capital Markets launched its coverage with an Outperform recommendation, noting that the company is attractively valued despite disruption from New Alternative Methods (NAMs) for preclinical research. Shares of the contract research organization dipped in March after the FDA issued draft guidance to help drug developers validate NAMs as the agency seeks to relax animal testing requirements in early stages of drug development. “We think the NAMs evolution is taking shape and could be deflationary to traditional models,” RBC analyst Ryan Halsted wrote, noting it as a headwind to Charles River ( CRL ), which focuses on animal testing-based CRO activities. “The use of NAMs is growing ~38% annually, according to our proprietary RBC Elements analysis, and is being facilitated by greater clarity into the regulatory pathway,” Halsted pointed out, noting that, however, Charles River ( CRL ) stock is pricing in too much of that risk. According to the analyst, as the leading CRO, the company is well placed to benefit when the next cycle of preclinical R&D work is expected to accelerate into 2027. “We expect preclinical R&D to improve in 2H26 and accelerate into 2027 as we approach the looming patent cliff," Halsted added, projecting CRL to record high-single-digit topline growth as a result, in line with prior 6%-8% long-term targets. The analyst issued a price target of $215 per share on the company. More on Charles River Laboratories Charles River Laboratories International, Inc. (CRL) Presents at Barclays 28th Annual Global Healthcare Conference Transcript Charles River Laboratories International, Inc. (CRL) Presents at TD Cowen 46th Annual Health Care Conference Transcript Charles River Laboratories International, Inc. (CRL) Q4 2025 Earnings Call Transcript FDA issues guidance on alternatives to animal testing Charles River announces divestitures, updates guidance
ASTS is ramping Block 2 BlueBird production with vertical integration to manage supply-chain risks, but reliance on outside vendors still leaves some exposure.
ASTS is ramping Block 2 BlueBird production with vertical integration to manage supply-chain risks, but reliance on outside vendors still leaves some exposure.
Additional £1bn allocated to payments for victims and their relatives, including extra £35,000 for former Treloar pupils Compensation payments will rise for people affected by the infected blood scandal , including an extra £35,000 each for pupils who were experimented on at school without their knowledge, the paymaster general has announced. The government has allocated £1bn for the payments. The...
Additional £1bn allocated to payments for victims and their relatives, including extra £35,000 for former Treloar pupils Compensation payments will rise for people affected by the infected blood scandal , including an extra £35,000 each for pupils who were experimented on at school without their knowledge, the paymaster general has announced. The government has allocated £1bn for the payments. The final report of the inquiry into what has been described as the biggest treatment disaster in NHS history was published in May 2024 . The compensation scheme that followed has also been blighted by controversy. Continue reading...
Monty Rakusen/DigitalVision via Getty Images FTAI Aviation ( FTAI ) is one of those insanely good business models that you just own, put away, and let it compound for you. Even though the stock has more than doubled from last year's lows (which I'll address), future growth will justify further stock gains in my opinion. Basic Business FTAI was started by Fortress Investment Group about 15 years ag...
Monty Rakusen/DigitalVision via Getty Images FTAI Aviation ( FTAI ) is one of those insanely good business models that you just own, put away, and let it compound for you. Even though the stock has more than doubled from last year's lows (which I'll address), future growth will justify further stock gains in my opinion. Basic Business FTAI was started by Fortress Investment Group about 15 years ago. Its initial business was acquiring, leasing, and managing transportation and infrastructure assets, including aviation equipment like aircraft and jet engines. After it spun off its other infrastructure assets into FTAI Infrastructure ( FIP ) in 2022, which I wrote about several weeks ago, it became a pure-play aircraft and jet engine leasing and services business. While the leasing business is steady Eddie, the services piece is by far the most interesting and evolving. I'll address the leasing portfolio first before I move on to the various services. Legacy Leasing As you can see below, the company's balance sheet was comprised of more planes than engines. The balance sheet has pivoted far more to engines and has shrunk in overall size. Leasing Assets (FTAI Q4 Presentation) The leasing business has enjoyed tailwinds of lower plane production by Boeing stemming from long-standing manufacturing problems by Boeing that were particularly centered around the 737-max lines. It has also benefitted from technical problems with the LEAP engines , the next generation jet engine successors to the CFM56 engines, which CFM (a JV between GE and Safran) stopped producing in 2019-2020. Fewer narrow-body planes and problematic next-gen engines have made existing inventory more valuable and allowed rate increases as old leases expire. Therefore, whereas the legacy leasing balance sheet has declined, the adjusted EBITDA from that portfolio has done well. Leasing EBITDA (FTAI Q4 Presentation) As you can see above, the leasing business has also benefitted from gains on sale and insurance r...
The policies include a Swiss-style EU deal, lower electricity prices and reduced dependence on the US A group of Labour MPs is to propose a series of new policies to defeat rightwing populism, including a Swiss-style deal with the EU, lower electricity prices, a robust defence of climate policies and a reduced dependence on Washington. Among those contributing to a new collection of essays is the ...
The policies include a Swiss-style EU deal, lower electricity prices and reduced dependence on the US A group of Labour MPs is to propose a series of new policies to defeat rightwing populism, including a Swiss-style deal with the EU, lower electricity prices, a robust defence of climate policies and a reduced dependence on Washington. Among those contributing to a new collection of essays is the former cabinet minister Anneliese Dodds, who calls for a fundamental reappraisal of the UK-US relationship, saying alliances should be based on “a hardheaded assessment of which nations share our values and goals.” Continue reading...
Monty Rakusen/DigitalVision via Getty Images A handful of U.S. industrial stocks climbed to 52-week highs Tuesday, riding a broader market rally fueled by renewed optimism that Washington and Tehran could de-escalate their conflict, easing fears of prolonged energy disruption and global economic fallout. The advance comes as major indices pushed higher on hopes for fresh diplomatic talks, with the...
Monty Rakusen/DigitalVision via Getty Images A handful of U.S. industrial stocks climbed to 52-week highs Tuesday, riding a broader market rally fueled by renewed optimism that Washington and Tehran could de-escalate their conflict, easing fears of prolonged energy disruption and global economic fallout. The advance comes as major indices pushed higher on hopes for fresh diplomatic talks, with the S&P 500 ( SP500 ) and Nasdaq ( COMP:IND ) both gaining amid falling oil prices and improving risk sentiment. Investors have increasingly looked past worst-case geopolitical scenarios, betting that any conflict-related shocks to energy markets and supply chains may prove temporary. Macro tailwind - from fear to relief Markets have whipsawed in recent weeks as the U.S.-Iran conflict drove oil price spikes, supply-chain disruptions and inflation fears tied to the Strait of Hormuz, a critical artery for global energy flows. But sentiment has shifted quickly. Hopes for a ceasefire or negotiated settlement have reduced the “tail risk” of a prolonged energy shock, allowing investors to rotate back into cyclical sectors like industrials, which are highly sensitive to global growth expectations. Structural themes powering the rally While geopolitics provided the spark, the strength in industrial names reflects deeper, durable themes: Electrification and grid investment Companies tied to electrical infrastructure and power distribution, such as Hubbell ( HUBB ) and Vertiv ( VRT ), are benefiting from multi-year demand tied to grid modernization, electrification and AI-driven data center expansion. These secular drivers have supported strong order backlogs and visibility, helping investors look beyond near-term macro volatility. Data center and AI infrastructure buildout Vertiv ( VRT ) and related suppliers are leveraged to hyperscale data center growth, a theme that continues to attract capital as artificial intelligence workloads drive demand for cooling, power management and digit...
Yahoo Finance Senior Reporter Brooke DiPalma shares insights from her conversation with Lowe's (LOW) CEO Marvin Ellison. Ellison shared why the company is investing $250M in skilled trade positions and partnering with tech giants Nvidia (NVDA), Palantir (PLTR), and Alphabet (GOOG, GOOGL).
Yahoo Finance Senior Reporter Brooke DiPalma shares insights from her conversation with Lowe's (LOW) CEO Marvin Ellison. Ellison shared why the company is investing $250M in skilled trade positions and partnering with tech giants Nvidia (NVDA), Palantir (PLTR), and Alphabet (GOOG, GOOGL).