US President Donald Trump told an Italian newspaper on Tuesday he was “shocked” by Prime Minister Giorgia Meloni and had expected her to be more courageous, delivering a blunt public rebuke to one of his closest European allies. Meloni had been a vociferous supporter of Trump, but she has criticised his decision to go to war with Iran, and on Monday, denounced his weekend criticism of Pope Leo...
US President Donald Trump told an Italian newspaper on Tuesday he was “shocked” by Prime Minister Giorgia Meloni and had expected her to be more courageous, delivering a blunt public rebuke to one of his closest European allies. Meloni had been a vociferous supporter of Trump, but she has criticised his decision to go to war with Iran, and on Monday, denounced his weekend criticism of Pope Leo as “unacceptable”. Trump responded in an interview with Corriere della Sera, saying Meloni was...
winhorse/iStock Unreleased via Getty Images Listen below or on the go on Apple Podcasts and Spotify Earnings season begins with mixed bank results and outlook divergence . (0:15) Producer prices rise less than expected . (1:05) Meta projected to surpass Google in global digital ad revenue . (2:02) This is an abridged transcript of the podcast: Our top story so far, earnings season kicked off in ea...
winhorse/iStock Unreleased via Getty Images Listen below or on the go on Apple Podcasts and Spotify Earnings season begins with mixed bank results and outlook divergence . (0:15) Producer prices rise less than expected . (1:05) Meta projected to surpass Google in global digital ad revenue . (2:02) This is an abridged transcript of the podcast: Our top story so far, earnings season kicked off in earnest with mixed results from the big banks. JPMorgan Chase ( JPM ) trimmed its 2026 firmwide net interest income guidance , though Q1 earnings and revenue topped estimates, helped by broad business growth and a lower provision for credit losses. Citigroup ( C ), by contrast, reaffirmed its 2026 NII outlook and also posted Q1 earnings and revenue beats , driven by strength in Markets and Wealth. Wells Fargo (WF C ) missed expectations on both NII and revenue. One analyst said a higher-for-longer rate environment should eventually stabilize net interest margins, but that improvement has yet to show up in the numbers and could weigh on the stock. Outside the banks, Johnson & Johnson ( JNJ ) raised full-year guidance after better-than-expected Q1 results , supported by cancer drug sales, though revenue from its Crohn’s therapy continued to decline. The company also increased its quarterly dividend to $1.34/share from $1.30. On the economic front, wholesale inflation in March came in softer than expected , potentially reflecting that the producer price index reference date was March 10 — before the sharp rise in energy prices. The PPI rose 0.5% M/M, below the 1.2% consensus and matching February’s 0.5% gain. Annual inflation climbed to 4% from 3.4%, still under the 4.7% forecast. Core PPI, which excludes food and energy, increased 0.1% M/M versus 0.5% expected and 0.3% prior. Annual core PPI rose to 3.8, below the 4.2% consensus. Pantheon Macro noted that PPI trade services prices — the margin between distributor acquisition costs and customer prices — fell 0.3% in March. Howev...
Software stocks are up big for a second day in a row. The iShares Expanded Tech-Software Sector ETF, or IGV, was up 1.4% to $79.79. It has risen 6.9% since Friday’s close. That would be the ETF’s best two-day stretch since April 24, 2025, according to Dow Jones Market Data.
Software stocks are up big for a second day in a row. The iShares Expanded Tech-Software Sector ETF, or IGV, was up 1.4% to $79.79. It has risen 6.9% since Friday’s close. That would be the ETF’s best two-day stretch since April 24, 2025, according to Dow Jones Market Data.
Sundry Photography/iStock Editorial via Getty Images The stock of PG&E Corp. ( PCG ) fell 4.3% on Monday after front-runner Rep. Eric Swalwell was forced to drop out of the race for governor of California and resign from Congress due to sexual abuse charges leveled by several women. Data by YCharts The drop far outpaced the 1.2% decline in the State Street Utilities Sector SPDR ETF ( XLU ). A seco...
Sundry Photography/iStock Editorial via Getty Images The stock of PG&E Corp. ( PCG ) fell 4.3% on Monday after front-runner Rep. Eric Swalwell was forced to drop out of the race for governor of California and resign from Congress due to sexual abuse charges leveled by several women. Data by YCharts The drop far outpaced the 1.2% decline in the State Street Utilities Sector SPDR ETF ( XLU ). A second California utility, Edison International ( EIX ), lost 4.4%. In my opinion, the most likely explanation is that the new favorite is billionaire businessman Tom Steyer, according to prediction sites. The Democrat's campaign advertising features a promise to break up the company's monopoly on electric service in much of Northern and Central California. (Full disclosure: Tom and I were classmates in business school more than 40 years ago.) Swalwell's departure leaves seven Democrats and two Republicans running in the June 2 primary, conducted as a single "jungle" ballot. The top two vote-getters advance to a runoff in November. With the field so fragmented, the jungle survivors conceivably could be two Democrats, two Republicans, or one of each, making the race hard to predict. While outside observers sometimes opine that all California Democrats share an anti-business mindset, the reality is much more nuanced. The current governor, Gavin Newsom, opposes breaking up PG&E , saying it has vastly improved wildfire safety since 2019. The governor is critical to PG&E for several reasons: California Public Utilities Commission: The governor appoints the five commissioners for staggered six -year terms and also names the commission president. The commission sets the allowable profit margin for utilities. Morningstar calls its core rate-making structures "constructive. " The CPUC also allows or disallows whether expenses can be included in the rates consumers pay. This is especially important in California, where there are large expenses for wildfire prevention efforts such as the ...
Broadcom (NasdaqGS:AVGO) has appointed Amie Thuener, a senior Alphabet finance executive, as its incoming Chief Financial Officer. Thuener currently serves as Alphabet's VP, Corporate Controller, and Chief Accounting Officer. The CFO transition comes as Broadcom and Google enter newly expanded, multi year supply agreements for next generation AI chips and networking hardware through 2031. Broadcom...
Broadcom (NasdaqGS:AVGO) has appointed Amie Thuener, a senior Alphabet finance executive, as its incoming Chief Financial Officer. Thuener currently serves as Alphabet's VP, Corporate Controller, and Chief Accounting Officer. The CFO transition comes as Broadcom and Google enter newly expanded, multi year supply agreements for next generation AI chips and networking hardware through 2031. Broadcom is also tied into AI compute infrastructure partnerships involving Anthropic alongside these...
European Central Bank President Christine Lagarde praised Anthropic PBC for limiting the release of its latest artificial intelligence model, and called for greater safeguards on the technology. In an interview with Bloomberg Television in Washington on Tuesday, she highlighted the effects of AI and how it’s controlled as a “big issue.” “The impact of it can be so disruptive for good or for bad,” ...
European Central Bank President Christine Lagarde praised Anthropic PBC for limiting the release of its latest artificial intelligence model, and called for greater safeguards on the technology. In an interview with Bloomberg Television in Washington on Tuesday, she highlighted the effects of AI and how it’s controlled as a “big issue.” “The impact of it can be so disruptive for good or for bad,” Lagarde told Francine Lacqua . “The development we’ve seen with Anthropic and Mythos is a good example of a responsible company that is suddenly thinking, ah, that could be really good — but if it falls in the wrong hands, it could be really bad. We need to do something about it.” The release of Anthropic’s Mythos model is being limited to a handful of major technology firms including Amazon.com Inc. and Apple Inc. The company warned last week that the new system could power cyberattacks if software makers don’t first test it against their own defenses. In that vein, Lagarde called for the development of wider guardrails on such technology. “Everybody is keen to have a framework within which to operate,” she said. “I don’t think there is a governance framework that is there to actually mind those things. We need to work on that.” The ECB chief also touched on concerns she’s previously articulated about the impact of AI on labor markets and economies. Lagarde Says She Won’t Leave ECB Early With Clouds on Horizon Lagarde Says Europe’s Economy Has Slipped Below ECB Baseline “What impact will it have not just on productivity, where R star will go?” Lagarde said. “What impact will it have on our societies? How many people will be unemployed, how many people will require retraining, re-skilling, who will pay for that?” A former French finance minister, Lagarde said that it’s hard for governments to focus on such things while also delivering on the demands of electorates. “What is really difficult is to focus on the day to day, to mind the next election, to respect your program or...
Meta Platforms (NasdaqGS:META) is working with the U.S. Department of Veterans Affairs to roll out VR-based immersive therapy using Meta hardware and content across VA facilities. Separately, Meta and EssilorLuxottica are expanding the Ray-Ban Meta AI glasses line globally, adding prescription-ready options and new AI features such as live translation, nutrition-related functions, and in-lens disp...
Meta Platforms (NasdaqGS:META) is working with the U.S. Department of Veterans Affairs to roll out VR-based immersive therapy using Meta hardware and content across VA facilities. Separately, Meta and EssilorLuxottica are expanding the Ray-Ban Meta AI glasses line globally, adding prescription-ready options and new AI features such as live translation, nutrition-related functions, and in-lens displays. For investors tracking NasdaqGS:META, these moves sit at the intersection of hardware, AI...
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the United States Oil Fund LP (Symbol: USO) where we have detected an approximate $269.8 million dollar inflow -- that's a 13.7% increase week over week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the United States Oil Fund LP (Symbol: USO) where we have detected an approximate $269.8 million dollar inflow -- that's a 13.7% increase week over week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Graniteshares 2x Long AMD Daily ETF (Symbol: AMDL) where we have detected an approximate $118.4 million dollar outflow -- that's a 15.6% decrease we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Graniteshares 2x Long AMD Daily ETF (Symbol: AMDL) where we have detected an approximate $118.4 million dollar outflow -- that's a 15.6% decrease we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500 Top 50 ETF (Symbol: XLG) where we have detected an approximate $113.2 million dollar outflow -- that's a 1.1% decrease week over
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500 Top 50 ETF (Symbol: XLG) where we have detected an approximate $113.2 million dollar outflow -- that's a 1.1% decrease week over
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 20+ Year Treasury Bond ETF (Symbol: TLT) where we have detected an approximate $95.4 million dollar outflow -- that's a 0.2% decrease week o
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 20+ Year Treasury Bond ETF (Symbol: TLT) where we have detected an approximate $95.4 million dollar outflow -- that's a 0.2% decrease week o
Scott Olson CME Group ( CME ) will launch options on Eris SOFR swap futures on June 16, 2026, providing investors with a way to manage U.S. dollar interest rate risk more precisely, the company said Tuesday. The introduction is subject to pending regulatory review. "Eris SOFR swap options will complement our existing interest rate product suite, which delivers deep liquidity, price transparency, a...
Scott Olson CME Group ( CME ) will launch options on Eris SOFR swap futures on June 16, 2026, providing investors with a way to manage U.S. dollar interest rate risk more precisely, the company said Tuesday. The introduction is subject to pending regulatory review. "Eris SOFR swap options will complement our existing interest rate product suite, which delivers deep liquidity, price transparency, and unmatched margin efficiencies to global market participants," said Agha Mirza , CME Group global head of Rates and OTC Products. Eris SOFR Swap futures replicate interest rate swap cash flows, offering the standardization and capital savings of exchange-traded instruments, CME said. Adding options on two-year, five-year, and 10-year Eris SOFR Swap futures will support more sophisticated hedging strategies, such as managing non-linear risk in mortgage-backed portfolios, it added. Michael Riddle, CEO of Eris Innovations, commented, "By mirroring the structure of forward-premium OTC swaptions, Eris SOFR Swap options can deliver cost optimization, margin efficiencies, and trading simplicity amid shifting economic conditions." The new options add to CME Group's ( CME ) interest rate market offerings, spanning futures and options for a broad range of benchmark products, including U.S. Treasuries, SOFR, Fed Funds,TBAs, and credit, among others. Its U.S. Treasury and SOFR contracts trade side-by-side on the CME Globex platform with BrokerTec cash securities. More on CME As Chicago Thaws In Spring, CME Group Remains A Hot Dividend Idea CME Group Inc. (CME) Presents at 47th Annual Raymond James Institutional Investor Conference Prepared Remarks Transcript CME Group's Strength Is Clear, But The Stock Looks Fully Valued CME Group Q1 ADV hits new high of 11.4M as global markets heat up CME plans to launch Avalanche, Sui futures on May 4
Why Amazon.com (AMZN) is on investors’ radar today Amazon.com (AMZN) is drawing fresh attention after a recent move in its share price, with the stock last closing at $239.89 and posting a 0.6% gain over the past day. See our latest analysis for Amazon.com. The recent 7 day share price return of 12.7% and 30 day share price return of 15.5% point to building short term momentum, set against a 1 yea...
Why Amazon.com (AMZN) is on investors’ radar today Amazon.com (AMZN) is drawing fresh attention after a recent move in its share price, with the stock last closing at $239.89 and posting a 0.6% gain over the past day. See our latest analysis for Amazon.com. The recent 7 day share price return of 12.7% and 30 day share price return of 15.5% point to building short term momentum, set against a 1 year total shareholder return of 31.7% and a very large 133.5% total shareholder return over three...