Gold held a four-day gain as President Donald Trump appeared to set the stage for the US to end the war in Iran. Bullion was little changed near $4,760 an ounce in early trading, having advanced nearly 2% in the previous session. Trump is scheduled to deliver a rare primetime address at 9 p.m. Eastern time on Wednesday, after more than five weeks of conflict. He is expected to reiterate a two- to ...
Gold held a four-day gain as President Donald Trump appeared to set the stage for the US to end the war in Iran. Bullion was little changed near $4,760 an ounce in early trading, having advanced nearly 2% in the previous session. Trump is scheduled to deliver a rare primetime address at 9 p.m. Eastern time on Wednesday, after more than five weeks of conflict. He is expected to reiterate a two- to three-week timeline for concluding the military operation, according to a White House official. Read More: Trump Seeks War Off-Ramp, Floats More Attacks to Press Iran The Middle East war has upended global markets and choked supplies of energy and other goods. Traders are now betting that the Federal Reserve may need to cut interest rates to shore up a possible economic downturn, which would be a tailwind for non-yielding precious metals. Though gold has rebounded in the past few days, a near-12% decline in March was the metal’s worst monthly performance since October 2008. Inflationary risks stemming from high oil prices had earlier reduced the prospect of lower borrowing costs, outweighing bullion’s traditional appeal as a haven. Spot gold edged up 0.1% to $4,762.25 an ounce at 6:17 a.m. Singapore time. Silver slipped 0.2% to $74.95. Platinum and palladium were little changed. The Bloomberg Dollar Spot Index , a gauge of the US currency, ended the previous session 0.2% lower.
Getty Images Introduction The first time I covered Urban Outfitters ( URBN ), I called them “A Debt-Free Retailer With Growing Brands And Improving Fundamentals,” highlighting their excellent financials and significant potential to expand in the long-term while navigating near-term macro pressure quite well. After an overall solid year where the company continued their expansion despite macro head...
Getty Images Introduction The first time I covered Urban Outfitters ( URBN ), I called them “A Debt-Free Retailer With Growing Brands And Improving Fundamentals,” highlighting their excellent financials and significant potential to expand in the long-term while navigating near-term macro pressure quite well. After an overall solid year where the company continued their expansion despite macro headwinds, URBN remains a Buy, being backed by very solid fundamentals, with zero debt and strong brands that can continue their long-term expansion thanks especially to Nuuly, while CAPEX is expected to ramp up even more now thanks to significant investments. Expansion Continues, Foundation Still Spotless Urban Outfitters IR Despite record holiday sales , URBN missed the market’s EPS expectations while beating on revenue , with significant growth in nearly everything, posting strong growth in most segments of the business while their Nuuly subscription segment grew at a very strong 43% during the quarter, with gross profit improving to a record $599 million during Q4 despite macro weakness and tariff pressure. Urban Outfitters IR URBN’s free cash flow reached a solid $315 million in FY26 (almost identical to the $320 million seen in FY25) despite a significant increase in CAPEX, which is not bad for a ~$5.47 billion market cap given their aggressive expansion, tariff impacts, and overall weak macro environment, potentially being significantly better in case of a better environment. For FY27, URBN expects to grow their number of stores to 836 (opening 57, closing 14), while CAPEX is expected to jump a lot, planning to spend approximately $385 million, with ~40% going into retail store expansion and support, ~40% into their investments in logistics, and ~20% into technology investments and home office expansion. Note that their guidance is before the latest tariff announcements, expecting high single-digit growth in total company sales, with mid-single-digit retail segment comps...
Wednesday was a good day for American stocks generally, but it was even sunnier for Eli Lilly (NYSE: LLY) . The pharmaceutical giant won regulatory approval for a product that's bound to be very popular, and investors rewarded the company by pushing its stock nearly 4% higher on the day. That crushed the S&P 500 index's 0.7% gain. Before market open, Eli Lilly announced that the U.S. Food and Drug...
Wednesday was a good day for American stocks generally, but it was even sunnier for Eli Lilly (NYSE: LLY) . The pharmaceutical giant won regulatory approval for a product that's bound to be very popular, and investors rewarded the company by pushing its stock nearly 4% higher on the day. That crushed the S&P 500 index's 0.7% gain. Before market open, Eli Lilly announced that the U.S. Food and Drug Administration (FDA) approved its Foundayo weight-loss product. What makes this groundbreaking for the company is that Foundayo is a daily pill. The pharmaceutical titan's first approved weight-loss drug, the popular Zepbound, is delivered by injection once per week. The two also use different molecules to do their work. Image source: Getty Images. Continue reading
Arsenal lose the second leg of their quarter-final against Chelsea 1-0 at Stamford Bridge, but win 3-2 on aggregate to reach the semi-finals of the Women's Champions League and move a step closer to successfully defending their title.
Arsenal lose the second leg of their quarter-final against Chelsea 1-0 at Stamford Bridge, but win 3-2 on aggregate to reach the semi-finals of the Women's Champions League and move a step closer to successfully defending their title.
Jon Tetzlaff Boeing ( BA ) won a contract worth up to $900M to support and maintain T-38C avionics, boosting long-term revenue visibility. Work will be carried out across multiple U.S. Air Force bases and is expected to be completed by March 31, 2036. About $56.2M in FY2026 funds will be obligated at the time of award, with the Air Force Life Cycle Management Center being the contracting authority...
Jon Tetzlaff Boeing ( BA ) won a contract worth up to $900M to support and maintain T-38C avionics, boosting long-term revenue visibility. Work will be carried out across multiple U.S. Air Force bases and is expected to be completed by March 31, 2036. About $56.2M in FY2026 funds will be obligated at the time of award, with the Air Force Life Cycle Management Center being the contracting authority. More on Boeing Boeing Vs. Airbus: The Iran War Shock And The Production Reality Boeing: The Triple Blow Boeing: Ignore Fuel Price Spikes For This Decade Play Boeing supply chain shows signs of stabilization as 737 output trails target: BNP Paribas Pentagon expands missile supply chain with plan to triple Patriot seeker output
(RTTNews) - The U.S. Food and Drug Administration has given the green light to Foundayo, a new daily weight-loss pill from Eli Lilly and Company, which shakes things up in the obesity treatment market.
(RTTNews) - The U.S. Food and Drug Administration has given the green light to Foundayo, a new daily weight-loss pill from Eli Lilly and Company, which shakes things up in the obesity treatment market.
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.72%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.18%. June E-mini S&P futures (ESM26 ) rose +0.74%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.72%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.18%. June E-mini S&P futures (ESM26 ) rose +0.74%, and June E-mini Nasdaq futures...
anouchka/iStock Unreleased via Getty Images Starbucks Corp. ( SBUX ), the world's largest coffee-shop chain, showed signs of a top-line recovery that fueled a February rally, but the fundamental picture remains bleak. A soft rebound in revenue has come at the expense of profit margins, offering little justification for the stock’s rich valuation. Considering both fundamental and macro headwinds, I...
anouchka/iStock Unreleased via Getty Images Starbucks Corp. ( SBUX ), the world's largest coffee-shop chain, showed signs of a top-line recovery that fueled a February rally, but the fundamental picture remains bleak. A soft rebound in revenue has come at the expense of profit margins, offering little justification for the stock’s rich valuation. Considering both fundamental and macro headwinds, I initiate coverage with a sell rating and a price target of $42.40, which implies a potential downside of about 50%. With skepticism of a sustained recovery, I apply a 20x forward earnings multiple versus ~39x currently traded. Margin squeeze The company eked out 4% comparable sales growth in the latest quarter, including a 3% transaction increase and a 1% average ticket gain. CEO Brian Niccol, who previously steered the successful turnaround of restaurant chain Chipotle Mexican Grill ( CMG ), has implemented the “ Back to Starbucks ” strategy to improve service and cut wait times. However, rising costs are making this strategy less sustainable. Gross margin shrank to 21.1% in 1Q26, which ended December 2025, from 24.5% a year ago, while operating margin similarly compressed by 290 bps to 9%. Bloated labor costs, driven by more baristas and their training, and higher tech spend to streamline operations have put a squeeze on profitability. As a result, adjusted EPS dropped 19% YoY to 56 cents in the quarter. A sharp decline in GAAP-based earnings was largely attributable to the reclassification of SBUX’s China assets following a stake sale, which led to a surge in recorded tax liabilities. Company filings While the company guides for a 3%-plus increase in 2026 comparable revenue, along with a slight improvement in operating margin, I doubt both goals are achievable at the same time. They can’t have the cake and eat it. For FY26, which ends September 2026, I expect adjusted EPS to stay flat at $2.12, below the low end of SBUX’s guidance range ($2.15-$2.40). Macro headwinds Ex...
PhonlamaiPhoto/iStock via Getty Images The Trump administration is preparing to reshape its steel and aluminum tariff regime by altering duties on finished products to help simplify compliance, in an order that could be announced as soon as this week, The Wall Street Journal reported Wednesday. According to the report , f inished products made with imported steel and aluminum would be tariffed at ...
PhonlamaiPhoto/iStock via Getty Images The Trump administration is preparing to reshape its steel and aluminum tariff regime by altering duties on finished products to help simplify compliance, in an order that could be announced as soon as this week, The Wall Street Journal reported Wednesday. According to the report , f inished products made with imported steel and aluminum would be tariffed at 25%, which would apply to the entire value of a finished product—known derivative products—containing steel and aluminum, replacing the current 50% tariff, which only applies to the value of steel or aluminum used in a product. The 50% tariff would remain in place for commodity-grade steel and aluminum products, which are almost entirely made of the metals, the report said. The consequences of the tariff changes would vary depending on the product, WSJ reported, as the tariff rate would be lower for many goods, but the change also could mean the cost of the tariffs assessed on many products would be higher because of duties being charged on the full value of imported products rather than just their steel or aluminum content. Potentially relevant steel and aluminum stocks include Nucor ( NUE ), Cleveland-Cliffs ( CLF ), Steel Dynamics ( STLD ), Commercial Metals ( CMC ), Reliance ( RS ), ArcelorMittal ( MT ), Alcoa ( AA ), Century Aluminum ( CENX ), Kaiser Aluminum ( KALU ), Constellium ( CSTM ). More on steel and aluminum stocks Alcoa Has A Lot Going For It That Justifies Further Upside Nucor: Tariff Turmoil Is Why You Stick With High Quality Steel Producers Steel Dynamics: Verdict Is Still Out On Trump Tariffs Issue
Woods focusing on his health and wellbeing after crash Florida judge grants his request to leave the US Tiger Woods has turned down the opportunity to captain the United States at the 2027 Ryder Cup, the PGA of America has announced. The former world No 1’s decision comes after he announced he would step away from golf for a period to focus on his health and wellbeing. Woods was charged with drivi...
Woods focusing on his health and wellbeing after crash Florida judge grants his request to leave the US Tiger Woods has turned down the opportunity to captain the United States at the 2027 Ryder Cup, the PGA of America has announced. The former world No 1’s decision comes after he announced he would step away from golf for a period to focus on his health and wellbeing. Woods was charged with driving under the influence after being involved in a car accident last week. Continue reading...