JPMorgan Chase & Co. is in talks with investors to refinance a nearly $1 billion loan at a 15% interest rate for Sable Offshore Corp. , a Trump administration-supported oil driller, according to people familiar with the matter. The company, which resumed selling crude in March after over a decade-long hiatus, has a term loan from Exxon Mobil Corp. that expires on June 26. Sable’s banker, JPMorgan,...
JPMorgan Chase & Co. is in talks with investors to refinance a nearly $1 billion loan at a 15% interest rate for Sable Offshore Corp. , a Trump administration-supported oil driller, according to people familiar with the matter. The company, which resumed selling crude in March after over a decade-long hiatus, has a term loan from Exxon Mobil Corp. that expires on June 26. Sable’s banker, JPMorgan, has been discussing refinancing terms with potential investors at a 15% coupon with 20% amortization payments, according to the people who asked not to be identified because the information is private. The bank is considering offering the debt at 98% of face value, one of the people said. JPMorgan declined to comment. Sable didn’t immediately respond to a request for comment. Houston-based Sable is pumping 46,000 barrels of oil daily from a cluster of platforms off the coast of Santa Barbara after President Donald Trump invoked Cold War-era powers to override state-level opposition to the project. The platforms were previously owned by Exxon and have been essentially offline since a Plains All American LP pipeline burst in 2015, staining beaches and provoking alarm from regulators, environmentalists and local residents. “There’s a lot of moving parts here, but we’re confident with our bank, JPMorgan and the group they have together as far as being able to execute on this plan with plenty of time to spare,” Jim Flores , Sable’s chief executive officer said on an investor call last week. Read More: Phil Mickelson-Touted Sable Struggles to Advance Oil Project
Apple delivered on what Wall Street was expecting: a complete artificial intelligence overhaul — leveraging Google's Gemini in a new conversational Siri and updating the company's in-house AI efforts. Just before the Siri news was announced at the company's Worldwide Developers Conference (WWDC) on Monday afternoon, Apple shares were up more than 3%. We know that a single day's stock move is not t...
Apple delivered on what Wall Street was expecting: a complete artificial intelligence overhaul — leveraging Google's Gemini in a new conversational Siri and updating the company's in-house AI efforts. Just before the Siri news was announced at the company's Worldwide Developers Conference (WWDC) on Monday afternoon, Apple shares were up more than 3%. We know that a single day's stock move is not the whole story — but by the end of the event, the stock was down more than 1%. Buy the rumor, sell the news? Perhaps. The stock has been ripping higher going into WWDC — and at Monday's session highs, it set another all-time, intraday high. No matter the reason, we have seen this type of trading pattern before around big Apple events. What matters is what Apple announced, not how a fickle market trades the shares. AAPL 1D mountain Apple 1 day Siri has been rebuilt. With AI at its core, the personal assistant is more capable and conversational than ever. In fact, given what we saw on stage, it now finally strikes us as an actual personal assistant, not the simple, one-answer chatbot we've come to know and disregard. This revamped, more personalized Siri also extends to AirPods and CarPlay. Models can run both on device and on private cloud servers, which offer enhanced privacy as the data is either on your device or encrypted on cloud servers to the point that even Apple cannot access it. We would expect nothing less from Apple, whose reputation is as much about innovation as it is user privacy. On-screen awareness allows Siri to better understand your request in context and provide a more personal answer. Users can now ask a question about what they're looking at on their screen. Systemwide integration means that Siri can do things like search all user content based on a request, or open apps and input information. For example, you can request that Siri find an image without opening the Photos app or ask about a recent text message conversation. Whatever the ask, a new data...
Denver Riggleman, Former-Republican Congressman from Virginia and CEO of RIIG Technology joins to discuss the latest from Congress and gave his thoughts on the promotion of Bill Pulte. At least seven Senate Democrats would have to vote in favor in order to re-authorize Section 702, but they have threatened to block any extension if the White House doesn’t withdraw Pulte’s appointment. (Source: Blo...
Denver Riggleman, Former-Republican Congressman from Virginia and CEO of RIIG Technology joins to discuss the latest from Congress and gave his thoughts on the promotion of Bill Pulte. At least seven Senate Democrats would have to vote in favor in order to re-authorize Section 702, but they have threatened to block any extension if the White House doesn’t withdraw Pulte’s appointment. (Source: Bloomberg)
Shares of Dell Technologies (NYSE:DELL) and Hewlett Packard Enterprise (NYSE:HPE) are gaining attention as both names extending a torrid one-month run powered by AI-server demand. DELL stock is up 54% over the past month, while HPE stock has rallied 59% over the same window. Dell shares were last changing hands near $398, building on a ... Dell Soars 54%, HP Enterprise Rockets 59% in a Month as AI...
Shares of Dell Technologies (NYSE:DELL) and Hewlett Packard Enterprise (NYSE:HPE) are gaining attention as both names extending a torrid one-month run powered by AI-server demand. DELL stock is up 54% over the past month, while HPE stock has rallied 59% over the same window. Dell shares were last changing hands near $398, building on a ... Dell Soars 54%, HP Enterprise Rockets 59% in a Month as AI-Server Demand Booms
An exchange-traded product that profits when oil prices fall had its biggest weekly outflow on record as several buffers that had helped keep rallies in check begin to fade. Investors pulled roughly $220 million from the ProShares UltraShort Bloomberg Crude Oil ETF last week, the most on record, according to data compiled by Bloomberg. The fund returns twice the inverse of the daily performance of...
An exchange-traded product that profits when oil prices fall had its biggest weekly outflow on record as several buffers that had helped keep rallies in check begin to fade. Investors pulled roughly $220 million from the ProShares UltraShort Bloomberg Crude Oil ETF last week, the most on record, according to data compiled by Bloomberg. The fund returns twice the inverse of the daily performance of its underlying index, which rose 2.2% during the period. Meanwhile, several vehicles designed to profit from higher oil prices, including the United States Oil Fund and Brent Oil Fund , saw notable inflows over the same time frame. The outflow comes as global oil reserves draw down at a record pace, while a flare-up in hostilities across the Middle East threatens to complicate negotiations. The US-Iran war has led to the near-closure of the crucial Strait of Hormuz, curtailing supplies of crude from the region to global customers and fueling a wave of retail interest in oil trading. “The swift resolution that could have sent oil prices sharply lower has not materialized, while upside risks to oil remain in place,” said Bret Kenwell , analyst at eToro , which tracks retail investing. “For an inverse oil ETF, that backdrop makes it harder for investors to stick around too long — and in a leveraged product, volatility is the opportunity while time is the risk.” He also notes that last week’s outflow may have been driven by a correction following a previous two-week rally, as well as a recent four-to-one reverse stock split that “served as a reminder not to overstay their welcome in a leveraged product.” The outflow belies an otherwise bearish market backdrop, defying early forecasts made at the onset of the conflict that predicted oil could surge to $200 a barrel. West Texas Intermediate futures are down about a fifth since the US and Tehran agreed to a ceasefire in early April, pressured by record US exports, a slowdown in Chinese demand and a steady trickle of crude finding...
DNY59/iStock via Getty Images Regional banks and other cyclical & non-AI industries broadly outperformed the S&P 500 and Nasdaq 100 from late October through the early weeks of this year. The conflict in Iran upended the so-called “broadening trade,” however. The State Street SPDR S&P Regional Banking ETF ( KRE ) now merely matches the S&P 500 YTD, having once posted more than 10 percentage points...
DNY59/iStock via Getty Images Regional banks and other cyclical & non-AI industries broadly outperformed the S&P 500 and Nasdaq 100 from late October through the early weeks of this year. The conflict in Iran upended the so-called “broadening trade,” however. The State Street SPDR S&P Regional Banking ETF ( KRE ) now merely matches the S&P 500 YTD, having once posted more than 10 percentage points of 2026 alpha. I had a buy rating on KRE back in January . Shares have done well, returning 4%, but have trailed the S&P 500 by about 3 percentage points since my previous analysis. Today, with much higher interest rates and a flatter yield curve, I reiterate a buy rating. All eyes are indeed on the macro bond backdrop, and with solid GDP growth ongoing and Treasury yields that may have peaked in May, I see more upside ahead of KRE. Matching The S&P 500's YTD Gain, Recent Negative Alpha Stockcharts.com According to the issuer , KRE seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the S&P Regional Banks Select Industry Index, a modified equal-weighted index that provides potential for unconcentrated industry exposure across large-, mid-, and small-cap stocks. KRE is a medium-sized ETF, now with $4.0 billion in assets under management as of June 5, 2026. That’s down from $4.3 billion at the time of my previous analysis. Investors may be steering away from small-cap value, favoring large-cap growth, including software and semiconductor equities. As it stands, KRE’s annual expense ratio is low to moderate at 35 basis points, while the trailing 12-month dividend yield is now more than twice that of the S&P 500 at 2.24%. Share-price momentum is lukewarm, earning the product a B- ETF Grade in that category by Seeking Alpha’s quantitative scoring system. KRE is also a somewhat risky ETF , as evidenced by its single-industry exposure and elevated historical realized volatility readings. The current implied v...
JHVEPhoto Eli Lilly ( LLY ) shares climbed ~2.16% to $1,155.84 on Monday, extending their weekly gain to ~4.62%, after the company released strong Phase 3 data for the oral diabetes treatment drug Foundayo (orforglipron) at the American Diabetes Association's 86th Scientific Sessions. The rally was driven by the landmark ACHIEVE-3 trial, where Foundayo outperformed Novo Nordisk's oral semaglutide,...
JHVEPhoto Eli Lilly ( LLY ) shares climbed ~2.16% to $1,155.84 on Monday, extending their weekly gain to ~4.62%, after the company released strong Phase 3 data for the oral diabetes treatment drug Foundayo (orforglipron) at the American Diabetes Association's 86th Scientific Sessions. The rally was driven by the landmark ACHIEVE-3 trial, where Foundayo outperformed Novo Nordisk's oral semaglutide, delivering up to a 2.2% A1C reduction and 73.6% greater relative weight loss. The company also reported superior results against dapagliflozin and placebo in ACHIEVE-2 and ACHIEVE-5. "Foundayo clearly outperformed oral semaglutide on the outcomes that matter most to patients," said Thomas Seck, M.D., senior vice president of product development at Lilly Cardiometabolic Health. Lead investigator Dr. Julio Rosenstock said the results support a potential shift toward earlier use of oral GLP-1 therapies. The gains have helped the stock outperform the S&P 500's ( SP500 ), rising 21.79% versus the index's 0.51% monthly return. Seeking Alpha analysts rate the stock 3.88 and Wall Street analysts 4.25, both maintaining buy ratings. More on Eli Lilly Eli Lilly and Company (LLY) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Eli Lilly Expands Into Infectious Diseases, Retatrutide Adds Another Phase 3 Win Eli Lilly: Big Upside Likely (Rating Upgrade) HHS indicates skepticism on international cancer risk assessments Biggest stock movers Monday: NRIX, INTC, and more
Nvidia (NASDAQ: NVDA) dominates many headlines about the booming artificial intelligence ( AI ) market. As the world's largest producer of data center GPUs for training AI algorithms, it's still selling the best picks and shovels for the AI gold rush. Yet over the past 12 months, an oft-overlooked optical networking stock outperformed Nvidia by a wide margin. That stock was Coherent (NYSE: COHR) ,...
Nvidia (NASDAQ: NVDA) dominates many headlines about the booming artificial intelligence ( AI ) market. As the world's largest producer of data center GPUs for training AI algorithms, it's still selling the best picks and shovels for the AI gold rush. Yet over the past 12 months, an oft-overlooked optical networking stock outperformed Nvidia by a wide margin. That stock was Coherent (NYSE: COHR) , which surged more than 400% and crushed Nvidia's near-50% gain. Let's see why the AI tailwinds propelled Coherent's stock higher -- and if it can stay ahead of Nvidia and the other AI leaders. Image source: Getty Images. Continue reading
Apple Inc (NASDAQ:AAPL, XETRA:APC) kicked off its annual Worldwide Developers Conference with what Wedbush analysts are calling the beginning of a foundational AI consumer platform shift, as the iPhone maker delivered on promises made two years ago with a more robust artificial intelligence...
Apple Inc (NASDAQ:AAPL, XETRA:APC) kicked off its annual Worldwide Developers Conference with what Wedbush analysts are calling the beginning of a foundational AI consumer platform shift, as the iPhone maker delivered on promises made two years ago with a more robust artificial intelligence...