Have US ground troops entered Iran? Last weekend, Bloomberg Weekend had a great story by Christopher Beam about how linguists are annoyed at Kalshi. Kalshi is a prediction market where you can bet on sports and various other events, including “mentions markets,” where a contract pays $1 if Jerome Powell says a certain word at a press conference or whatever, and $0 if he doesn’t. But what are the b...
Have US ground troops entered Iran? Last weekend, Bloomberg Weekend had a great story by Christopher Beam about how linguists are annoyed at Kalshi. Kalshi is a prediction market where you can bet on sports and various other events, including “mentions markets,” where a contract pays $1 if Jerome Powell says a certain word at a press conference or whatever, and $0 if he doesn’t. But what are the boundaries of a word? Are singular and plural nouns the same word? Past and present tense verbs? Participles? Etc., all these boring disputes. Kalshi has some rules to resolve these questions, and linguists have criticisms: Karlos Arregi, a linguistics professor at the University of Chicago, says they appear to be arbitrary rather than based on a particular theory or philosophy of language. “This looks like the kind of rules you’d have in a game like Scrabble,” he says. “It’s obvious to me these rules were not done by a linguist.” Rivka Levitan, a professor of computer science and linguistics at Brooklyn College CUNY, describes them as “more legalistic than linguistic.” A good set of rules, she suggests, ought to prioritize logical consistency. Instead, Kalshi’s rules seem to draw lines for no clear reason. They allow for certain types of inflections (such as -s for plural) but not others (such as -ed, -ing, -er, or -est). If the “strike” word — that is, the one listed on the mention market — is “veteran,” then “veterans” counts. But if the strike word is “veterans,” then “veteran” doesn’t count. This is unambiguous, but it’s also illogical. Similarly random-seeming are rules that allow deviations from the strike word when it comes to meaning but not form: If traders bet on a football announcer mentioning “wind,” for instance, their bet still hits for “the clock winds down.” But if the strike word is “run,” then “ran” or “running” doesn’t count. Arguably what Kalshi needs is not a team of linguists but a team of philosophers: It offers a huge variety of contracts that pay of...
SimoneN/iStock via Getty Images Ivanhoe Mines ( IVPAF ) was downgraded Monday by RBC Capital to Sector Perform from Outperform with a C$15 price target, lowered from C$19, following the company's updated Kamoa-Kakula mine plan which pushes out the recovery to full production to 2028. RBC's Sam Crittenden said he continues to see long-term value, and Kamoa-Kakula remains an outlier mine globally wi...
SimoneN/iStock via Getty Images Ivanhoe Mines ( IVPAF ) was downgraded Monday by RBC Capital to Sector Perform from Outperform with a C$15 price target, lowered from C$19, following the company's updated Kamoa-Kakula mine plan which pushes out the recovery to full production to 2028. RBC's Sam Crittenden said he continues to see long-term value, and Kamoa-Kakula remains an outlier mine globally with the combination of scale and high grades; while new guidance likely is conservative, the analyst believes investor sentiment could remain subdued until the mine gets closer to reaching full production levels. Revised guidance of 290K-330K metric tons in 2026 from 380K-420K tons originally reflects a longer mine development path to access ore in the Kakula mine past the area that was impacted by the seismic event last May, and reserve tonnage and grades also came down due to the need for wider pillars and lower extraction ratios. Crittenden thinks Ivanhoe Mines ( IVPAF ) has the potential to realize significant value as output at Kamoa-Kakula ramps up and the company advances its planned expansions to turn the project into one of the world's largest high-grade and low-cost copper mines; the recent seismic event is a big setback, but he believes the company can return production close to prior levels by 2028. More on Ivanhoe Mines Ivanhoe Mines: Patience Required As Kakula Is Rebuilt Ivanhoe Mines' Platreef Is Live: Meet The Real Winners Ivanhoe Mines Discusses Kamoa-Kakula Technical Report and Mineral Resource Update - Slideshow
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 opened the week on a positive note . The S & P 500 was higher for most of the session — outside of a brief pullback shortly after 1 p.m. ET as President Donald Trump held a news conference to highlight a successful rescue...
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 opened the week on a positive note . The S & P 500 was higher for most of the session — outside of a brief pullback shortly after 1 p.m. ET as President Donald Trump held a news conference to highlight a successful rescue mission in Iran. The president didn't hold back the harsh rhetoric against Iran ahead of his Tuesday 8 p.m. ET deadline for opening the Strait of Hormuz. Still, a positive day for the S & P 500 by the close would mark its fourth straight. The stock gains came despite another positive day for West Texas Intermediate crude, which hit session-highs during Trump's news conference. WTI currently sits just below $114 per barrel. It was at $67 before the start of the war in the Middle East in late February. Despite the continued rally in oil, bond yields were relatively unchanged. Broadcom made a C-Suite change . Kirsten Spears will retire as chief financial officer and be succeeded by Alphabet executive Amie Thuener in June. In an announcement late last week, Broadcom said Spears will remain with the custom chip designer as an advisor for nine months following the transition. Thuener joins Broadcom by way of Alphabet, one of its closest customers, where she has served as a vice president, corporate controller, and chief accounting officer since 2018. We see no reason to expect anything but a smooth transition, given Spears' advisory position and Thuener's prior experience. Separately, we thought last week's strategic partnership between Nvidia and Marvell Technology was a move against Broadcom. We're a little less positive on Broadcom than we were at this time one week ago. There are no major earnings Monday evening or Tuesday morning. On the data side, durable goods orders and the New York Federal Reserve's inflation expectations are out before the bell. (See here for a full li...
The DJI Mic Mini is matching its all-time low. | Image: DJI If you regularly create content for TikTok, Instagram, or YouTube on the go, bad sound quality can easily take away from an otherwise great video. DJI’s Mic Mini helps you record clear, reliable sound for videos without carrying around bulky, expensive gear, and it’s currently down to its all-time low price. You can buy the mic with two t...
The DJI Mic Mini is matching its all-time low. | Image: DJI If you regularly create content for TikTok, Instagram, or YouTube on the go, bad sound quality can easily take away from an otherwise great video. DJI’s Mic Mini helps you record clear, reliable sound for videos without carrying around bulky, expensive gear, and it’s currently down to its all-time low price. You can buy the mic with two transmitters for $59.99 ($20 off) at Amazon . DJI Mic Mini (with one mic and two transmitters) Where to Buy: $79 $59.99 at Amazon Built for on-the-go creators, the Mic Mini makes it easy to capture clearer audio than your phone or camera alone. It weighs just 10 grams, so it’s comfortable enough to wear all day, whether you clip it to your clothing or use a magnetic mount or lanyard. DJI also includes two transmitters, allowing you to record from farther away, with a range of up to about 400 meters. To give you more control over your sound, the receiver offers five adjustable volume levels, along with two noise cancellation modes. A basic setting works well for quieter indoor recordings, while the other is best suited for louder, crowded environments. It can also automatically lower the volume if things get too loud, so your sound stays clean and natural. It also supports USB-C and Bluetooth, and can work with older Apple devices using a Lightning adapter, though that’s sold separately. The transmitter can last up to 11.5 hours, while the receiver runs for up to 10.5 hours on a single charge, which is more than enough for longer shoots, interviews, or livestreams.
Organic Media/E+ via Getty Images With extreme volatility reigning in the stock market, many high-quality businesses have sold off to fire-sale levels. Our best move as long-term-oriented investors is to apply careful stock selection to find attractive buying opportunities where valuation multiples have completely disconnected from fundamental reality. On Holding ( ONON ), the Swiss shoemaker, is ...
Organic Media/E+ via Getty Images With extreme volatility reigning in the stock market, many high-quality businesses have sold off to fire-sale levels. Our best move as long-term-oriented investors is to apply careful stock selection to find attractive buying opportunities where valuation multiples have completely disconnected from fundamental reality. On Holding ( ONON ), the Swiss shoemaker, is a perfect example of this. Since the start of the year, shares of On have shed ~30% of their value, putting the stock in a deep bear market. Losses picked up steam after the company's early March earnings release, when On's growth guidance for FY26 disappointed the markets. Data by YCharts I last wrote a buy article on On in March , after the company's Q4 earnings print. Since then, On has shed ~20% more value in a selloff that I believe has gone too far. I see a very opportunistic buying window here, and I'm upgrading the stock to a strong buy. Leadership Shakeup Isn't a Risk Let's start with the major news item that has caused On to plummet in recent sessions. In late March, On announced that its longtime CEO, Martin Hoffman, was retiring. There's no doubt that Hoffman has been the driving force behind On in the past two decades. He served five years as CEO and the previous 13 years as CFO, overseeing the brand's evolution from a small startup into a global apparel heavyweight. At the same time, we see no concerns here because his replacements are On's co-founders, who will become the new co-CEOs: David Allemann and Caspar Coppetti. The market is treating this change-up as bad news. I, however, don't see the return of the co-founders as highlighting any particular issues at On. In virtually any other company, a founder returning to lead a company would be read as a positive long-term commitment from major shareholders. We think this is especially true as On is largely a consumer-driven company. This isn't a leadership change that will severely impact sales teams or scuttl...