A pivotal Goldman Sachs upgrade signals a new era for Netflix, as the company's focus on profitability and strategic expansion cements its market dominance.
A pivotal Goldman Sachs upgrade signals a new era for Netflix, as the company's focus on profitability and strategic expansion cements its market dominance.
New York Fed President John Williams says monetary policy is “really well positioned” for the Fed to “wait and see” on the economic consequences of war in Iran. Williams also comments on his view of the US economy and labor market and the issue of continuity at the Federal Open Market Committee. He speaks with Michael McKee on “Bloomberg Surveillance.” (Source: Bloomberg)
New York Fed President John Williams says monetary policy is “really well positioned” for the Fed to “wait and see” on the economic consequences of war in Iran. Williams also comments on his view of the US economy and labor market and the issue of continuity at the Federal Open Market Committee. He speaks with Michael McKee on “Bloomberg Surveillance.” (Source: Bloomberg)
murat4art/iStock via Getty Images Since the U.S. and Israel launched strikes on Iran on February 28, jet fuel prices in the U.S. have more than doubled. According to data from the Energy Information Administration (EIA), the year-to-date percent change in U.S. jet fuel prices stood above 120% as of the end of March. EIA Oil markets reacted swiftly to President Donald Trump’s address to the nation ...
murat4art/iStock via Getty Images Since the U.S. and Israel launched strikes on Iran on February 28, jet fuel prices in the U.S. have more than doubled. According to data from the Energy Information Administration (EIA), the year-to-date percent change in U.S. jet fuel prices stood above 120% as of the end of March. EIA Oil markets reacted swiftly to President Donald Trump’s address to the nation last week, with U.S. crude surging 12% to over $113 per barrel and Brent jumping 8% above $109. The national average for a gallon of gasoline crossed $4.00, the highest since Russia’s invasion of Ukraine in 2022. There’s no sugarcoating it: for the aviation industry, which was on track for a record $41 billion in global profits in 2026, this is a serious headwind. But it’s important that I point out that this isn’t the first shock airlines have had to face. As I see it, the industry’s long-term investment case remains firmly intact. The Fuel Problem Jet fuel typically accounts for somewhere between 20% and 40% of an airline’s total operating costs, depending on the carrier, its routes and the efficiency of its fleets. Unlike labor costs or lease payments, fuel prices are set by global commodity markets. They’re beyond any single airline’s control, and they can change very fast, as we saw in March. What makes the current situation particularly impactful, of course, is the closure of the Strait of Hormuz, which handles an enormous share of the world’s seaborne oil trade. Looking just at China, the world’s number one oil importer, about 38% of its supply originates in the Persian Gulf, according to CLSA research. Meanwhile, the UK, which relies on Kuwait for roughly 25% of its jet fuel, is among the most exposed. The U.S., by contrast, is in a far stronger position than the headlines suggest, as I mentioned in a previous post. Record U.S. Oil Production The number I want you to remember is 13.6 million barrels per day. That’s the new record for U.S. crude oil production in 202...
US natural gas futures rose on a cold shift in weather forecasts, indicating higher demand for the heating and power-plant fuel even as the gas market’s so-called winter heating season recedes in the rearview mirror. Rising oil prices, which have influenced the front-month US gas contract in recent months, may also be supporting US gas prices by driving financial inflows into baskets of energy pro...
US natural gas futures rose on a cold shift in weather forecasts, indicating higher demand for the heating and power-plant fuel even as the gas market’s so-called winter heating season recedes in the rearview mirror. Rising oil prices, which have influenced the front-month US gas contract in recent months, may also be supporting US gas prices by driving financial inflows into baskets of energy products. A brief cold shot in the southern US also lifted day-ahead prices at the US benchmark Henry Hub above $3 per million British thermal units on Monday, which could be adding support to paper prices. Futures for May delivery +5.4c, or +1.9%, to $2.865/mmbtu on Nymex, as of 9:19am ET Weather: Forecasts shifted colder, though above-average temperatures still expected across the eastern half of the US from April 12-16: Commodity Weather Group See WHUT for a map of latest 6-10 day weather forecast: NOAA Click here for two-week temperature forecasts for the U.S. Daily BNEF Gas Data: Lower-48 dry gas production on Tuesday ~109.2 bcf/day, or +1.7% y/y Lower-48 total gas demand on Tuesday ~78.9 bcf/day, or -6.5% y/y Dry gas exports to Mexico on Tuesday ~6.6 bcf/day, or -5.5% w/w Estimated gas flows to LNG export terminals on Tuesday ~18.7 bcf/day, or -3.2% w/w Flows to Sabine Pass liquefied natural gas export facility fell to ~4.3 bcf/day from ~5.0 bcf/day as Cheniere’s Creole Trail Pipeline performed planned maintenance, which was scheduled to conclude Wednesday Gas Market News: European Gas Jumps as Attacks Persist Ahead of Hormuz Deadline LNG WRAP: Asian Prices Climb as Market Braces for War Escalation Iran Conflict to Boost LNG Deals Momentum Beyond US: BNEF Natural Gas Deliveries to US LNG Export Terminals: BNEF
J Studios/DigitalVision via Getty Images The VanEck Gold Miners ETF ( GDX ) hit an all-time high of $117.18 on March 2, riding a historic gold rally that pushed spot prices above $5,700. Since then, the ETF has corrected roughly 20% to trade around $94 as of April 2, pulled down by geopolitical uncertainty, rising energy costs, and broader risk-off sentiment due to the US-Iran war. Over the traili...
J Studios/DigitalVision via Getty Images The VanEck Gold Miners ETF ( GDX ) hit an all-time high of $117.18 on March 2, riding a historic gold rally that pushed spot prices above $5,700. Since then, the ETF has corrected roughly 20% to trade around $94 as of April 2, pulled down by geopolitical uncertainty, rising energy costs, and broader risk-off sentiment due to the US-Iran war. Over the trailing 12 months, GDX has still given investors a total return of ~109%, but the speed at which the pullback happened has rattled investors who bought near the highs. I think the correction is healthy given the sharp increase we have seen, creating an opportunity rather than signaling the end of the gold mining bull market. The structural forces behind gold, central bank buying, de-dollarization, and the beginning of a global rate-cutting cycle have not changed. What has changed is that miners are now reporting record margins. With AISC averaging ~$1,600/oz against a spot gold price near $4,675, the largest GDX constituents are generating ~$3,000/oz in profit, a fourfold expansion from the margins at $2,000 gold just two years ago. The question for investors is not whether gold miners are "cheap" in the traditional sense. You cannot put a forward P/E on a basket of 48 mining companies and derive a fair value the way you would for a single equity. The question is whether the gold macro thesis remains intact and whether GDX is the right vehicle to express it. Based on the analysis below, including options flow data that shows institutional buyers repositioning for upside, I believe the answer to both is yes. I rate GDX a Buy. The Case For Gold Miners Over Physical Gold Investors with a bullish gold view have three primary vehicles: physical gold ETFs like the SPDR Gold Shares ETF ( GLD ) or the iShares Gold Trust ETF ( IAU ), senior gold miners through GDX, or junior miners through the VanEck Junior Gold Miners ETF ( GDXJ ). Each carries a different risk and reward profile, and u...
Utility's Journey Demonstrates Enterprise-Wide Results Across Operations, Accounting, Tax, and Regulatory FunctionsATLANTA, April 07, 2026 (GLOBE NEWSWIRE) -- PowerPlan, a leading provider of financial software solutions for asset-intensive industries, today announced it will present alongside Exelon, Oracle, and Deloitte at the upcoming Oracle Customer Edge Summit. The joint session will highligh...
Utility's Journey Demonstrates Enterprise-Wide Results Across Operations, Accounting, Tax, and Regulatory FunctionsATLANTA, April 07, 2026 (GLOBE NEWSWIRE) -- PowerPlan, a leading provider of financial software solutions for asset-intensive industries, today announced it will present alongside Exelon, Oracle, and Deloitte at the upcoming Oracle Customer Edge Summit. The joint session will highlight how strategic collaboration delivered measurable business results for one of North America's large
Getty Images The Tortoise Energy Infrastructure Corp ( TYG ) is a closed-end fund designed to provide investors with exposure to master limited partnerships [MLPs] in the energy infrastructure market, earning investors capital growth and distribution income. The strategy employs leverage, allowing the fund to provide enhanced exposure to the market while facilitating a higher earning potential. Wi...
Getty Images The Tortoise Energy Infrastructure Corp ( TYG ) is a closed-end fund designed to provide investors with exposure to master limited partnerships [MLPs] in the energy infrastructure market, earning investors capital growth and distribution income. The strategy employs leverage, allowing the fund to provide enhanced exposure to the market while facilitating a higher earning potential. With increasing demand for natural gas resources in the US and overseas, I believe the next wave of growth investments will set the stage for renewed momentum in the industry, presenting investors with an appealing investment approach to capital-heavy, oil & gas midstream companies. Given the potential market tailwinds to come, I am recommending TYG with a Buy rating. Investment Case for TYG TYG currently provides investors with exposure to midstream gas as well as power infrastructure, a market with an appealing backdrop underpinned by growing electricity demand in the US. Driving demand growth is the combination of reindustrialization and the development of large-scale data centers to power AI. Thematically, these two factors coincide as both a user of AI and a developer/facilitator of AI. From the industrial standpoint, the market firmly believes that new and existing facilities will lean into automation and industrial robotics to deliver factory output optimization, which may inadvertently lead to increased power needs to operate these autonomous machines. The data center growth story presents substantial demand for electricity with a single compound requiring the amount of power to light up a small city. Many of the facilities being constructed are 200MW+ with larger facilities being constructed with 1GW+ of capacity, potentially requiring a dedicated, behind-the-meter power supply before transitioning to grid load. Regardless of the path of power, more infrastructure will be necessary to light up these facilities, driving a renewed growth path for companies operating th...
SolStock 22nd Century Group ( XXII ) has completed product prototyping and the initial analytical evaluations necessary for advancing the regulatory process for its reduced nicotine cigarette. The company believes the 100mm VLN cigarette alongside its existing authorized 84mm king-size, very low nicotine (VLN) products will give smokers a familiar form of cigarette with a reduced nicotine alternat...
SolStock 22nd Century Group ( XXII ) has completed product prototyping and the initial analytical evaluations necessary for advancing the regulatory process for its reduced nicotine cigarette. The company believes the 100mm VLN cigarette alongside its existing authorized 84mm king-size, very low nicotine (VLN) products will give smokers a familiar form of cigarette with a reduced nicotine alternatives. 22nd Century Group ( XXII ) also intends to pursue multiple Premarket Tobacco Product Applications (PMTA) across a “broad range of combustible products.” “This initiative is designed to support diverse tobacco blends and components, a variety of product sizes…intended to create a flexible and scalable platform that can accommodate evolving market preferences and regulatory requirements,” the company said in a statement. Unfortunately for 22nd Century ( XXII ), investors seem less than impressed with the news and have continued to unload shares on Tuesday, resulting in a double-digit percentage decline before the open. As the number of smokers continues to decline (falling to a record low of 9.9% in 2024), 22nd Century Group ( XXII ) continues to pursue the development of longer – albeit lower nicotine – cigarettes. This comes after the company admited that its R&D "may not develop marketable products, which would result in the loss of our investment into such processes." In its annual report filed in March, 22nd Century ( XXII ) acknowledged a "history of losses [and the expectation] to incure significant expenses and continuing losses for the foreseeable future," warning that "there is substantial doubt regarding our ability to continue as a going concern." For the fourth quarter, 22nd Century Group reported a loss of $5.89 per share on a 12% drop in revenue. More on 22nd Century 22nd Century Group, Inc. (XXII) Q4 2025 Earnings Call Prepared Remarks Transcript 22nd Century outlines strategy to double store count and launch Pinnacle Pure in 2026 while driving VLN mark...
SolStock 22nd Century Group ( XXII ) has completed product prototyping and the initial analytical evaluations necessary for advancing the regulatory process for its reduced-nicotine cigarette. The company believes the 100mm VLN cigarette alongside its existing authorized 84mm king-size, very low nicotine (VLN) products will give smokers a familiar form of cigarette with a reduced nicotine alternat...
SolStock 22nd Century Group ( XXII ) has completed product prototyping and the initial analytical evaluations necessary for advancing the regulatory process for its reduced-nicotine cigarette. The company believes the 100mm VLN cigarette alongside its existing authorized 84mm king-size, very low nicotine (VLN) products will give smokers a familiar form of cigarette with a reduced nicotine alternatives. 22nd Century Group ( XXII ) also intends to pursue multiple Premarket Tobacco Product Applications (PMTA) across a “broad range of combustible products.” “This initiative is designed to support diverse tobacco blends and components, a variety of product sizes…intended to create a flexible and scalable platform that can accommodate evolving market preferences and regulatory requirements,” the company said in a statement. Unfortunately for 22nd Century ( XXII ), investors seem less than impressed with the news and have continued to unload shares on Tuesday, resulting in a double-digit percentage decline before the open. As the number of smokers continues to decline (falling to a record low of 9.9% in 2024), 22nd Century Group ( XXII ) continues to pursue the development of longer – albeit lower nicotine – cigarettes. This comes after the company admitted that its R&D "may not develop marketable products, which would result in the loss of our investment into such processes." In its annual report filed in March, 22nd Century ( XXII ) acknowledged a "history of losses [and the expectation] to incure significant expenses and continuing losses for the foreseeable future," warning that "there is substantial doubt regarding our ability to continue as a going concern." For the fourth quarter, 22nd Century Group reported a loss of $5.89 per share on a 12% drop in revenue. More on 22nd Century 22nd Century Group, Inc. (XXII) Q4 2025 Earnings Call Prepared Remarks Transcript 22nd Century outlines strategy to double store count and launch Pinnacle Pure in 2026 while driving VLN mar...
Klaus Vedfelt/DigitalVision via Getty Images Manager perspective and outlook In the fourth quarter of 2025, global equities posted generally positive results amid increased volatility, as international stocks outperformed US stocks. AI seemed to remain a major driver of investor enthusiasm, but momentum in the US faded late in the quarter as investors appeared to grow more cautious about elevated ...
Klaus Vedfelt/DigitalVision via Getty Images Manager perspective and outlook In the fourth quarter of 2025, global equities posted generally positive results amid increased volatility, as international stocks outperformed US stocks. AI seemed to remain a major driver of investor enthusiasm, but momentum in the US faded late in the quarter as investors appeared to grow more cautious about elevated valuations on technology stocks. Market leadership broadened, with US value stocks showing renewed resilience despite softening US labor conditions and a historic US government shutdown early in the quarter. Emerging market equities were among the top performers for the quarter, supported by a broad technology rally across Asia. However, results varied: South Korea delivered robust gains fueled by corporate governance reforms and AI-related semiconductor demand, while Chinese equities lagged amid weak economic data and strengthening of its currency. European equities also generated solid returns for the quarter, helped by the euro's appreciation against the US dollar and supported by improving manufacturing trends and expectations of fiscal stimulus in Germany. Top issuers - (% of total market value) Fund Index Hilton Worldwide Holdings Inc ( HLT ) 1.88 0.00 Howmet Aerospace Inc ( HWM ) 1.70 0.00 Monolithic Power Systems Inc ( MPWR ) 1.51 0.17 Partners Group Holding AG ( PGPHF ) 1.37 0.00 Quanta Services Inc ( PWR ) 1.37 0.25 Comfort Systems USA Inc ( FIX ) 1.33 0.13 Cencora Inc ( COR ) 1.28 0.00 Carl Zeiss Meditec AG ( CZMWF ) 1.18 0.01 Lumentum Holdings Inc ( LITE ) 1.17 0.10 Cloudflare Inc ( NET ) 1.13 0.00 Click to enlarge As of 12/31/25. Holdings are subject to change and are not buy/sell recommendations. Portfolio positioning At quarter end, the fund was well-balanced across 176 small- and mid-cap stocks from around the world, with approximately 50% of the fund invested in the US and 48% across non-US. The largest sector overweights compared to the benchmark were indu...
SAN FRANCISCO, April 07, 2026--Udemy (Nasdaq: UDMY), a global AI-powered skills acceleration platform, today announced the launch of an end-to-end certification journey with a significant expansion of its Microsoft Certification resources. Learners can now purchase more than 50 Microsoft certification exam vouchers directly via Udemy, creating a more accessible, end-to-end path from learning to ce...
SAN FRANCISCO, April 07, 2026--Udemy (Nasdaq: UDMY), a global AI-powered skills acceleration platform, today announced the launch of an end-to-end certification journey with a significant expansion of its Microsoft Certification resources. Learners can now purchase more than 50 Microsoft certification exam vouchers directly via Udemy, creating a more accessible, end-to-end path from learning to certification. This strategic enhancement complements the more than 10,000 Microsoft courses Udemy has
(RTTNews) - Textron Aviation, a Textron (TXT) company, announced Belgium has selected the Cessna SkyCourier as its newest special mission aircraft, awarding an order for five multirole aircraft to support the nation's Special Operations Forces.
(RTTNews) - Textron Aviation, a Textron (TXT) company, announced Belgium has selected the Cessna SkyCourier as its newest special mission aircraft, awarding an order for five multirole aircraft to support the nation's Special Operations Forces.