Brandon Bell/Getty Images News NASA unveiled the four-person crew for its Artemis III mission on Tuesday, selecting three American astronauts and one Italian astronaut for a critical orbital test of lunar landing systems being developed by SpaceX ( SPCX ) and Blue Origin. NASA Administrator Jared Isaacman announced that Andre Douglas, Frank Rubio, Randy Bresnik and European Space Agency astronaut ...
Brandon Bell/Getty Images News NASA unveiled the four-person crew for its Artemis III mission on Tuesday, selecting three American astronauts and one Italian astronaut for a critical orbital test of lunar landing systems being developed by SpaceX ( SPCX ) and Blue Origin. NASA Administrator Jared Isaacman announced that Andre Douglas, Frank Rubio, Randy Bresnik and European Space Agency astronaut Luca Parmitano will fly the mission, which is scheduled to launch late next year. Artemis III won’t travel to the moon. Instead, it will conduct a series of docking demonstrations in low-Earth orbit involving NASA's Orion spacecraft, SpaceX's Starship lander and Blue Origin's Blue Moon lander. The mission is designed to validate key technologies needed for future lunar landings. For investors, the mission represents an important milestone for both SpaceX ( SPCX ) and Blue Origin, whose lunar landers are central to NASA's long-term moon exploration plans. Successful testing could reduce technical risk ahead of future crewed moon landings and support billions of dollars in government and commercial space contracts tied to lunar exploration. NASA officials described the mission as a complex, multi-launch operation that will rely on three heavy-lift rockets and multiple spacecraft operating in orbit over a short period. The two-week flight follows Artemis II, which sent astronauts around the moon earlier this year, and Artemis I, the uncrewed test mission launched in 2022. NASA views Artemis III as a crucial step before returning astronauts to the lunar surface later in the decade. The broader Artemis program aims to establish a sustained human presence on the moon while helping the United States maintain its lead in space exploration as China pursues its own crewed lunar landing target for 2030. More on SpaceX How 20 Years Of IPO Experience Helps Me Think About SpaceX SpaceX: You Are Buying 2030 At The 2026 Offer Price The SpaceX IPO: All Systems Go, Ready For Blast Off? Space...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." The AI rebound rolls on as investors stay bullish on tech. OpenAI confidentially files for an IPO, SpaceX readies its blockbuster debut, and Apple faces doubts over its AI push. Plus, some optimism in the housing market as existing home sales accelerate, Emily Graffeo joins Open Interest on Apollo...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." The AI rebound rolls on as investors stay bullish on tech. OpenAI confidentially files for an IPO, SpaceX readies its blockbuster debut, and Apple faces doubts over its AI push. Plus, some optimism in the housing market as existing home sales accelerate, Emily Graffeo joins Open Interest on Apollo and Blackstone’s $35 billion AI financing deal, and Firefly Aerospace CEO Jason Kim on the space economy. (Source: Bloomberg)
Corn futures are showing 1 to 2 cent gains in the front months on Tuesday. The CmdtyView national average Cash Corn price is up 2 1/4 cents at $3.87 3/4. USDA reported a private export sale of 120,000 MT of old crop corn to unknown destinations this morning. NASS Crop...
Corn futures are showing 1 to 2 cent gains in the front months on Tuesday. The CmdtyView national average Cash Corn price is up 2 1/4 cents at $3.87 3/4. USDA reported a private export sale of 120,000 MT of old crop corn to unknown destinations this morning. NASS Crop...
Soybeans are trading with modest Tuesday weakness of 2 to 3 ½ cents at midday. The cmdtyView national average Cash Bean price is down 1 3/4 cents at $10.56. Soymeal futures are down 10 cents to 50 cents higher in the front months, with Soy Oil futures 20 to 40...
Soybeans are trading with modest Tuesday weakness of 2 to 3 ½ cents at midday. The cmdtyView national average Cash Bean price is down 1 3/4 cents at $10.56. Soymeal futures are down 10 cents to 50 cents higher in the front months, with Soy Oil futures 20 to 40...
The wheat complex is trading with Tuesday midday gains across the three markets. Chicago SRW are trading with 3 to 5 cent gains in the nearby contracts. KC HRW futures are up 4 to 6 cents in the front months on the day. MPLS spring wheat is fractionally to 2...
The wheat complex is trading with Tuesday midday gains across the three markets. Chicago SRW are trading with 3 to 5 cent gains in the nearby contracts. KC HRW futures are up 4 to 6 cents in the front months on the day. MPLS spring wheat is fractionally to 2...
Cotton futures are down 145 to 168 points so far at Tuesday’s midday. The outside factors are pressure, with crude oil down $4.86 to $86.44/barrels. The US dollar index is down $0.089 at $99.935. Monday afternoon’s Crop Progress showed 77% of the US cotton crop planted as of Sunday, matching...
Cotton futures are down 145 to 168 points so far at Tuesday’s midday. The outside factors are pressure, with crude oil down $4.86 to $86.44/barrels. The US dollar index is down $0.089 at $99.935. Monday afternoon’s Crop Progress showed 77% of the US cotton crop planted as of Sunday, matching...
Lean hog futures are dropping another 22 to 85 cents in the front months on Tuesday. USDA’s national base hog price was reported at $97.17 on Tuesday morning, up $1.16 from the day prior. The CME Lean Hog Index was up 3 cents on June 4 at $92.63. USDA’s pork...
Lean hog futures are dropping another 22 to 85 cents in the front months on Tuesday. USDA’s national base hog price was reported at $97.17 on Tuesday morning, up $1.16 from the day prior. The CME Lean Hog Index was up 3 cents on June 4 at $92.63. USDA’s pork...
July ICE NY cocoa (CCN26 ) today is down -10 (-0.26%), and July ICE London cocoa #7 (CAN26 ) is down -23 (-0.78%). Cocoa prices gave up an early advance today and turned lower after updated weather forecasts called for drier conditions to move into West Africa at the end...
July ICE NY cocoa (CCN26 ) today is down -10 (-0.26%), and July ICE London cocoa #7 (CAN26 ) is down -23 (-0.78%). Cocoa prices gave up an early advance today and turned lower after updated weather forecasts called for drier conditions to move into West Africa at the end...
Live cattle futures are shrugging off early weakness, with midday gains of 50 cents to $1.27. Monday was First notice day, with no deliveries and the oldest long dated August 11, 2025. Cash trade was mainly $256-258 last week, with the early week action thus far compiling showlists. Feeder cattle...
Live cattle futures are shrugging off early weakness, with midday gains of 50 cents to $1.27. Monday was First notice day, with no deliveries and the oldest long dated August 11, 2025. Cash trade was mainly $256-258 last week, with the early week action thus far compiling showlists. Feeder cattle...
July NY world sugar #11 (SBN26 ) today is down -0.15 (-1.06%), and Aug London ICE white sugar #5 (SWQ26 ) is down -2.10 (-0.47%). Sugar prices fell sharply to 1-week lows today amid weakness in crude oil prices. WTI crude oil (CLN26 ) is down more than -5% at...
July NY world sugar #11 (SBN26 ) today is down -0.15 (-1.06%), and Aug London ICE white sugar #5 (SWQ26 ) is down -2.10 (-0.47%). Sugar prices fell sharply to 1-week lows today amid weakness in crude oil prices. WTI crude oil (CLN26 ) is down more than -5% at...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are pulling back again as investors take profits in technology and AI infrastructure stocks that had become stretched after their recent run. The selling caught many investors off guard, with the S & P 500 up about 1% sho...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are pulling back again as investors take profits in technology and AI infrastructure stocks that had become stretched after their recent run. The selling caught many investors off guard, with the S & P 500 up about 1% shortly after the open before stocks abruptly reversed lower. Our thesis remains that the selling pressure is tied to investors freeing up capital to absorb new supply for the upcoming SpaceX IPO. This concern was why we took some evasive action on Monday, trimming our positions in Goldman Sachs and Qnity Electronics to lock in hefty gains. But another reason for the selling may simply be that many AI stocks have made unsustainable moves since the end of March. Sell-offs like the ones last Friday and today are a good lesson in the dangers of chasing parabolic moves and failing to take profits. Whatever the case, Tuesday's action is also a reminder not to give up on quality companies that have fallen out of favor, such as Johnson & Johnson and Cardinal Health . Both have delivered strong earnings, but neither fit the market's appetite for AI-related stocks. Gains in these stocks are nice to see as the AI part of our portfolio falls sharply. FedEx announced late Monday that its board had approved a 5% increase to its annual dividend. The caveat: it occurs after a one-time annual rate adjustment made in connection with the FedEx Freight spin, which was completed on June 1. The new quarterly payment is $1.22 per share, down from the $1.45 quarterly dividend paid in April. Companies lowering their payouts after separating a business is common. The dividend needs to be adjusted to reflect the cash flow and earnings of the spun-out business. At the new dividend rate, FedEx shares trade with a yield of about 1.5%. When we started the position at lower levels in May, the stock traded a...
Speaker Mike Johnson (R-La.) will head to the White House for a meeting Tuesday, an aide familiar confirmed, as a key spy powers tool’s expiration looms and the House GOP ramps up ambitious plans for a third party-line budget bill. Mick Mulvaney, who served as director of the Office of Management and Budget and as acting chief of staff in Trump’s first term, joined Balance of Power to discuss. (So...
Speaker Mike Johnson (R-La.) will head to the White House for a meeting Tuesday, an aide familiar confirmed, as a key spy powers tool’s expiration looms and the House GOP ramps up ambitious plans for a third party-line budget bill. Mick Mulvaney, who served as director of the Office of Management and Budget and as acting chief of staff in Trump’s first term, joined Balance of Power to discuss. (Source: Bloomberg)
OpenAI has joined AI rivals with plans for a public listing later this year after the ChatGPT maker confidentially filed its S-1. This comes as the AI IPO pipeline has now reached some $3.6 trillion. However, according to PitchBook research, OpenAI may end up being the most expensive bet. Harrison Rolfes, senior analyst for PitchBook's private company coverage, joins Caroline Hyde on "Bloomberg Te...
OpenAI has joined AI rivals with plans for a public listing later this year after the ChatGPT maker confidentially filed its S-1. This comes as the AI IPO pipeline has now reached some $3.6 trillion. However, according to PitchBook research, OpenAI may end up being the most expensive bet. Harrison Rolfes, senior analyst for PitchBook's private company coverage, joins Caroline Hyde on "Bloomberg Tech." (Source: Bloomberg)
Bloomberg’s Caroline Hyde discusses why Taiwan is weighing some of its toughest restrictions yet on AI chip sales to China, and OpenAI joining its AI rivals with plans for a potential public listing later this year. Plus, Apple lays the foundation for the AI era and hints at the company's upcoming foldable iPhone. (Source: Bloomberg)
Bloomberg’s Caroline Hyde discusses why Taiwan is weighing some of its toughest restrictions yet on AI chip sales to China, and OpenAI joining its AI rivals with plans for a potential public listing later this year. Plus, Apple lays the foundation for the AI era and hints at the company's upcoming foldable iPhone. (Source: Bloomberg)
PM Images/DigitalVision via Getty Images The Large Cap Equity Fund's Institutional Class returned -12.04% in the first quarter, compared to -4.22% for the Bloomberg U.S. 1000 Index. While the calendar flipped from 2025 to 2026, the Fund's recent performance challenges continued. We believe our companies are doing just fine, on balance, and we think they are collectively growing their business valu...
PM Images/DigitalVision via Getty Images The Large Cap Equity Fund's Institutional Class returned -12.04% in the first quarter, compared to -4.22% for the Bloomberg U.S. 1000 Index. While the calendar flipped from 2025 to 2026, the Fund's recent performance challenges continued. We believe our companies are doing just fine, on balance, and we think they are collectively growing their business values at acceptable rates. Their stock prices simply do not reflect the business progress that we see. You don't need a weatherman to know which way the wind blows. - Bob Dylan Long-term investing often means returns do not come on a schedule. The recent period of poor results has been as frustrating for us as we know it has been for you. The upside for our investors is that the portfolio is much cheaper today than it was 3 (or 18) months ago. Starting valuations do matter, and the latest round of multiple compression may serve as a coiled spring for forward return potential. The Fund remained concentrated in our best ideas, and we still have strong conviction in the core of the portfolio. Yet, we also need to invest in the “real-world” market that we face every day, rather than the market that we would like to have. Due to a confluence of factors, the stock market is increasingly thematic, temperamental, and subject to violent short-term swings. We are long-term investors, and we often talk about the value and challenges associated with “looking across a valley” to generate returns. Well, in today's world, we might encounter a dozen different peaks and valleys across our investment horizon, and both sides can be steep and deep. As a result, we must be increasingly nimble and decisive to make sure the market is serving us, rather than the other way around. Using data-driven insights, we continued to adapt and tweak the tactics required to “take what the market gives us.” Specifically, we have been more active on both sides of the buy and sell ledger, consistent with our valuat...
This is a demand-constrained year for Palantir Technologies. The company's Artificial Intelligence Platform is pitched as the only reliable option for its core government and industrial customers.
This is a demand-constrained year for Palantir Technologies. The company's Artificial Intelligence Platform is pitched as the only reliable option for its core government and industrial customers.
In this week's column, we're going to look at the similarities and differences between betting on horses and investing in stocks — and then share our outlook on the growth trade selloff that began last week. We're coming off a fun weekend here in Saratoga Springs, N.Y. following the running of the Belmont Stakes, the third leg of the Triple Crown. Local trainer Cherie DeVaux became the first femal...
In this week's column, we're going to look at the similarities and differences between betting on horses and investing in stocks — and then share our outlook on the growth trade selloff that began last week. We're coming off a fun weekend here in Saratoga Springs, N.Y. following the running of the Belmont Stakes, the third leg of the Triple Crown. Local trainer Cherie DeVaux became the first female trainer to win both the Kentucky Derby and the Belmont Stakes. Unfortunately, she skipped entering her winning horse Golden Tempo in the Preakness, so no Triple Crown this year. How is this relevant? While waiting for my wife to choose a dress and hat for the event, I found myself with some free time contemplating the similarities and differences between betting on horses and investing in the market. I had enough time to write a full blog post on it, which I'll link below. The summary goes like this: with horse racing, you can study the bloodline of the horse, past race stats, and the trainer's history to inform your pick. Right up until the gates open, you can watch the odds shift as money flows into the market and make a last-minute bet. But once the horses are in the gate, your bet is locked. There's nothing you can do to manage risk from that point forward. Investing is different. Like horse racing, you can study a company's financials, future projections, management team and addressable market before placing your bet. But that's where the similarities end. After you've committed capital to a stock, you can watch your analysis play out in real time as the company navigates incoming data, changing market conditions and macroeconomic developments — and you can adjust. You can size up, size down or exit entirely. Think about how many variables arise in a horse race — track conditions, your horse's temperament that day, how the field is running, the quality of the start — that would send bettors rushing back to the window if they could. Investors have that window. It neve...
Anthony Soohoo, CEO of MoneyGram, joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto." They discuss the launch of MoneyGram's own stablecoin MGUSD and MoneyGram's ambition for global adoption. (Source: Bloomberg)
Anthony Soohoo, CEO of MoneyGram, joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto." They discuss the launch of MoneyGram's own stablecoin MGUSD and MoneyGram's ambition for global adoption. (Source: Bloomberg)
Apple (NASDAQ: AAPL) and Palantir (NASDAQ: PLTR) both posted their eighth straight EPS beat this spring, but the businesses behind the numbers could not look more different. Apple is selling more iPhone 17 units to a 2.5 billion device installed base. Palantir is signing AI deployment contracts at a pace that doubled its U.S. business. ... Palantir vs. Apple: Which Stock Offers More Upside in 2026...
Apple (NASDAQ: AAPL) and Palantir (NASDAQ: PLTR) both posted their eighth straight EPS beat this spring, but the businesses behind the numbers could not look more different. Apple is selling more iPhone 17 units to a 2.5 billion device installed base. Palantir is signing AI deployment contracts at a pace that doubled its U.S. business. ... Palantir vs. Apple: Which Stock Offers More Upside in 2026?