PhotoLife94/iStock via Getty Images Intro Cal-Maine Foods ( CALM ) is the biggest egg producer in the US, in total and by conventional standards. About every sixth egg that finds its way to the consumer is sourced from the company. CALM by nature is exposed to the commodity price of—well, eggs—which has shown a brutal swing in both directions over the last year. Trading Economics The bird-flu viru...
PhotoLife94/iStock via Getty Images Intro Cal-Maine Foods ( CALM ) is the biggest egg producer in the US, in total and by conventional standards. About every sixth egg that finds its way to the consumer is sourced from the company. CALM by nature is exposed to the commodity price of—well, eggs—which has shown a brutal swing in both directions over the last year. Trading Economics The bird-flu virus, highly pathogenic avian influenza (HPAI in brief), first led to new record-high wholesale egg prices almost exactly a year ago at around $8 per dozen. A recovery in hen population together with a stark demand slowdown has crashed egg prices in response, as the staple had become a luxury temporarily (if it was available at all). The stock of CALM benefitted from these egg-flationary tailwinds, rising to a level of more than $120 USD. With falling egg prices, the positive dynamic lapsed, sending CALM shares noticeably lower again by about a third. Seeking Alpha The stock seems to be trading somewhere in no-man’s land at the moment. However, in my view, now is a good time to think about accumulating this ticker. I rate CALM a buy, presenting my argument below. Good risk-and-reward As commodity cycles are known for, swings in both directions can be really fierce. Above, we have seen how wholesale egg prices went through the roof at the peak of the bird flu. However, the succeeding drop, or should I rather say collapse, of egg prices is not less spectacular. As shown on the screenshot from Trading Economics below, the hen and egg supply has normalized again, while at the same time consumers back-stepped from purchasing eggs during the all-important holiday season. Suddenly, under-supply turned into massive over-supply. Trading Economics As a result, egg prices have reached almost a record-low level over the last ten years towards the end of 2025, hitting $0.35—not per egg, but per dozen. In other words, supply recovered so strongly that inventories went full. The good news fo...
Over the weekend, SpaceX CEO Elon Musk reacted to comments from former Google CEO Eric Schmidt, who warned the U.S. needs an additional 92 gigawatts of power to sustain artificial intelligence growth. AI Power Demand Surges As Grid Strains Musk shared a video clip of Schmidt saying, U.S. is "running out of electricity." He also noted that the average nuclear plant generates about 1.5 gigawatts. "I...
Over the weekend, SpaceX CEO Elon Musk reacted to comments from former Google CEO Eric Schmidt, who warned the U.S. needs an additional 92 gigawatts of power to sustain artificial intelligence growth. AI Power Demand Surges As Grid Strains Musk shared a video clip of Schmidt saying, U.S. is "running out of electricity." He also noted that the average nuclear plant generates about 1.5 gigawatts. "If only there were a company that could do this," Musk wrote on X while sharing the clip, referring t
It's been a rough start to the year for Ethereum (CRYPTO: ETH) . The world's second-largest cryptocurrency is already down 33%, and currently trades for a price of about $2,000. That's about 60% lower than it was just six months ago. Against that backdrop, it might seem unlikely that Ethereum can turn things around in 2026. But that's exactly what I'm predicting. Ethereum could more than double in...
It's been a rough start to the year for Ethereum (CRYPTO: ETH) . The world's second-largest cryptocurrency is already down 33%, and currently trades for a price of about $2,000. That's about 60% lower than it was just six months ago. Against that backdrop, it might seem unlikely that Ethereum can turn things around in 2026. But that's exactly what I'm predicting. Ethereum could more than double in value to reclaim the $5,000 price level. A lot has to go right, of course, but here are three catalysts that could make it happen. It all starts with market sentiment. Right now, the crypto fear and greed index has a reading of 12 out of 100. That's near panic-selling levels, and a possible sign that Ethereum could be reaching the bottom of its market cycle. Market sentiment simply can't get any worse, can it? Continue reading
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Want more? Sign up for Markets Daily India, a subscriber-only newsletter featuring key insights before the trading day st...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Want more? Sign up for Markets Daily India, a subscriber-only newsletter featuring key insights before the trading day starts. Today, I look at India’s deepening ties with France, and my colleague Lou Del Bello shares her initial impressions from the Mumbai Climate Week conference. Brothers in Arms As he jogged down Mumbai’s Marine Drive promenade on Tuesday, President Emmanuel Macron must have been reminded of France in the 1920s. Encircling the city’s most famous section of coastline are several Art Deco buildings , an architectural style that originated in his country a hundred years ago. The view likely reinforced the special bond between the two countries. France became India’s first ever strategic partnership in 1998 and that relationship has now been upgraded to a special global strategic partnership . It’s a “force for global stability,” Prime Minister Narendra Modi said after a meeting with the French president yesterday evening. I asked Bloomberg’s Senior Government Reporter, Sudhi Ranjan Sen , to decode this word jumble. India and France, both adherents of strategic autonomy or independent decision-making, are looking to deepen relations as a hedge against an increasingly transactional, mercantilist, and unpredictable US, he said. For India, France has become a key defense partner alongside Russia. The European nation offers joint production and technology transfers that support New Delhi’s goal of strengthening its domestic arms industry. A successful example of that is the P-75 Scorpene Project, which involved significant indigenization of six submarines built by Indian-government-owned Mazagon Dock Shipbuilders in collaboration with France’s Naval Group. India is now seeking sim...
DNY59/iStock Unreleased via Getty Images Thesis Valero Energy's ( VLO ) share price is at an all-time high. This coincides with a rebound across the entire refining segment as the supply and demand balance appears favorable in the near and intermediate terms. This outlook is constructive for refiners but particularly so for VLO. The company historically has the lowest operating costs per barrel ve...
DNY59/iStock Unreleased via Getty Images Thesis Valero Energy's ( VLO ) share price is at an all-time high. This coincides with a rebound across the entire refining segment as the supply and demand balance appears favorable in the near and intermediate terms. This outlook is constructive for refiners but particularly so for VLO. The company historically has the lowest operating costs per barrel versus the competition. However, the current valuation may be overly optimistic. While still industry-leading, VLO's valuation is the highest it has been in years and several turns above the company's 25-year average. This valuation does not coincide with equivalent profit margins. In fact, current profit margins are only “average” by historical contexts. Normally, this would make a logical rationale to start trimming down on a position in a cyclical business. I have elected to rate VLO as a HOLD due to its competitive advantage in operating costs. Simply, no matter how bad the cycle gets, if anyone is making money, it will be Valero. State Of The Refining Industry Crack spreads were exceptionally strong in October and November on the back of low inventories across both gasoline and distillate fuels. Operators clearly responded by running their units harder than the seasonal norm. Specifically, VLO completed the year with 98% utilization in the fourth quarter. The rest of the big three also ran well, with Marathon Petroleum ( MPC ) and Phillips 66 ( PSX ) registering utilizations of 94% and 99% , respectively. As a result, total refined product inventories recovered quite well. Gasoline Inventories (EIA) As shown in the figure above, gasoline inventories have recovered from a five-year low to a five-year high in just a few months. VLO seemed a bit surprised at the magnitude of this buildup, as the company also noted the abnormally large inventory build in the recent earnings call . Gary Simmons—VLO Chief Operating Officer Certainly, during November and December, we saw a fair...
The crowdfunding market is poised for robust growth, projected to reach US$ 5.43 billion by 2033 from US$ 1.68 billion in 2025, at a CAGR of 15.82%. This alternative financing model leverages online platforms to connect individuals, startups, and organizations with global investors, utilizing donation-based, reward-based, equity, and debt models. Digital platforms and social media enhance crowdfun...
The crowdfunding market is poised for robust growth, projected to reach US$ 5.43 billion by 2033 from US$ 1.68 billion in 2025, at a CAGR of 15.82%. This alternative financing model leverages online platforms to connect individuals, startups, and organizations with global investors, utilizing donation-based, reward-based, equity, and debt models. Digital platforms and social media enhance crowdfunding's reach, empowering entrepreneurs with global access and idea validation. Despite regulatory ch
Oleksii Liskonih/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify SoftBank among firms interested in $36B Japan-financed projects announced by Trump admin in Texas, Georgia, and Ohio. (00:14) YouTube back online after recommendation glitch disrupts 350,000+ users worldwide. (01:20) Palantir confirms it has moved headquarters to Florida from Colorado. (01:52) This is...
Oleksii Liskonih/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify SoftBank among firms interested in $36B Japan-financed projects announced by Trump admin in Texas, Georgia, and Ohio. (00:14) YouTube back online after recommendation glitch disrupts 350,000+ users worldwide. (01:20) Palantir confirms it has moved headquarters to Florida from Colorado. (01:52) This is an abridged transcript. Japan intends to invest $36 billion in U.S. oil, gas, and critical mineral projects . This marks the first portion of its $550 billion pledge under the trade deal reached with President Trump. Most of the first wave of investment will go towards the Portsmouth Powered Land Project in Ohio, which will generate 9.2 gigawatts of electricity each year, according to the administration . It will be operated by SB Energy, which is a subsidiary of Japanese conglomerate SoftBank Group. Additionally, the White House said Japan would invest in the $2.1 billion Texas GulfLink deepwater crude oil export facility off the Texas coast. At full capacity, the export terminal is expected to generate $20-30 billion in annual U.S. crude exports ($400-600 billion over twenty years), delivering a significant increase in U.S. exports. Meanwhile, the White House said in a fact sheet the high-pressure synthetic diamond plant, valued at about $600 million, will be operated by Element Six. The industrial diamond company is a unit of De Beers Group, the world’s largest diamond producer. YouTube ( GOOG ) ( GOOGL ) experienced a major outage late Tuesday. The issue was with its recommendation system. The company has since confirmed that all platforms have since returned to normal . The outage affected hundreds of thousands of users worldwide, leading YouTube’s site to appear blank for some users, with no videos loading on the YouTube app, YouTube Music, and YouTube Kids. "The issue with our recommendations system has been resolved, and all of our platforms ( YouTube.com , the You...
Government considering delay to equalising national minimum wage after jump in youth unemployment UK politics live – latest updates Ministers are considering a slower rise in the minimum wage for younger workers, amid fears over rising youth unemployment. Labour had promised in its manifesto to equalise national minimum wage rates by the time of the next election, saying it was unfair younger work...
Government considering delay to equalising national minimum wage after jump in youth unemployment UK politics live – latest updates Ministers are considering a slower rise in the minimum wage for younger workers, amid fears over rising youth unemployment. Labour had promised in its manifesto to equalise national minimum wage rates by the time of the next election, saying it was unfair younger workers were paid less. Government sources said equalisation remained the aim but the rise could come more slowly. Continue reading...
Costamare press release ( CMRE ): Q4 Non-GAAP EPS of $0.60 beats by $0.06 . Revenue of $211.9M (-5.4% Y/Y) beats by $24.9M . More on Costamare Costamare: Profits Without Shareholder Rewards - Why The Stock Could Drop 30% Costamare: The Price Of Quality Is Now Too High To Justify Seeking Alpha’s Quant Rating on Costamare Historical earnings data for Costamare Dividend scorecard for Costamare
Costamare press release ( CMRE ): Q4 Non-GAAP EPS of $0.60 beats by $0.06 . Revenue of $211.9M (-5.4% Y/Y) beats by $24.9M . More on Costamare Costamare: Profits Without Shareholder Rewards - Why The Stock Could Drop 30% Costamare: The Price Of Quality Is Now Too High To Justify Seeking Alpha’s Quant Rating on Costamare Historical earnings data for Costamare Dividend scorecard for Costamare
$1,000 bought an RTX 5080 in November 2025, now it only buys an RTX 5070 Ti — report shows 15% average global price hike across Nvidia, AMD & Intel GPUs Tom's Hardware
$1,000 bought an RTX 5080 in November 2025, now it only buys an RTX 5070 Ti — report shows 15% average global price hike across Nvidia, AMD & Intel GPUs Tom's Hardware
Tens of thousands of spectators are lining both sides of Hong Kong’s Victoria Harbour ahead of the Lunar New Year fireworks display, with some gathering hours in advance to secure prime viewing spots. But some visitors from mainland China said they planned to leave Hong Kong after the display ended on Wednesday evening, despite government efforts to boost spending. According to the Observatory, th...
Tens of thousands of spectators are lining both sides of Hong Kong’s Victoria Harbour ahead of the Lunar New Year fireworks display, with some gathering hours in advance to secure prime viewing spots. But some visitors from mainland China said they planned to leave Hong Kong after the display ended on Wednesday evening, despite government efforts to boost spending. According to the Observatory, the weather will become cloudier in the evening, but the cloud base will be relatively high, so...