Booming prediction market sites, such as Kalshi and Polymarket, face scrutiny from states and Congress Sign up for the Breaking News US email to get newsletter alerts in your inbox The US government sued Illinois on Thursday to stop what it described as the state’s unlawful efforts to regulate prediction markets. The booming industry of online prediction markets – which allow users to bet on virtu...
Booming prediction market sites, such as Kalshi and Polymarket, face scrutiny from states and Congress Sign up for the Breaking News US email to get newsletter alerts in your inbox The US government sued Illinois on Thursday to stop what it described as the state’s unlawful efforts to regulate prediction markets. The booming industry of online prediction markets – which allow users to bet on virtually anything from Oscar winners to the weather to ongoing military conflicts – has been facing greater scrutiny as companies continue to fight state-led efforts to regulate the fast-growing industry – which many argue is “basically gambling but with another name”. Continue reading...
Abdullah Baig alleged Meta ignored flaws putting billions at risk, but a US judge ruled he lacked sufficient evidence A US court has dismissed a lawsuit from WhatsApp ’s former security chief, who alleged that parent company Meta ignored internal flaws he flagged about the messaging app’s digital defenses. Abdullah Baig, who claims he was fired in retaliation for raising these concerns, had allege...
Abdullah Baig alleged Meta ignored flaws putting billions at risk, but a US judge ruled he lacked sufficient evidence A US court has dismissed a lawsuit from WhatsApp ’s former security chief, who alleged that parent company Meta ignored internal flaws he flagged about the messaging app’s digital defenses. Abdullah Baig, who claims he was fired in retaliation for raising these concerns, had alleged that billions of users had been put at risk because of these vulnerabilities. Thousands of employees could view sensitive user data, including profile photos and location, Baig claimed in the lawsuit filed in September. A judge ruled he had not presented enough evidence to move forward. Continue reading...
(RTTNews) - After a weak start and a subsequent long spell fairly deep down in negative territory, European stocks staged a good recovery around late afternoon on Thursday. A few markets even managed to move above the flat line by the time the market ended.
(RTTNews) - After a weak start and a subsequent long spell fairly deep down in negative territory, European stocks staged a good recovery around late afternoon on Thursday. A few markets even managed to move above the flat line by the time the market ended.
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." From rising hopes of peace to fresh fears of escalation, President Trump signals tougher action on Iran with no clear timeline. Hedge funds were hit hard as oil surges and trades unravel. Apollo’s Jim Zelter pushes back on private credit fears, while Oaktree’s Armen Panossian says it’s a vintage i...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." From rising hopes of peace to fresh fears of escalation, President Trump signals tougher action on Iran with no clear timeline. Hedge funds were hit hard as oil surges and trades unravel. Apollo’s Jim Zelter pushes back on private credit fears, while Oaktree’s Armen Panossian says it’s a vintage issue, not a crisis. Retired General “Spider” Marks warns US strikes may have only delayed Iran’s nuclear program. Plus—Khloé Kardashian’s Khloud bets big on protein snacks, and HSBC’s Racquel Oden on why markets are holding steady through the chaos. (Source: Bloomberg)
OpenAI has reportedly purchased TBPN, the viral online talk show that often interviews AI executives and other tech leaders. This story is breaking. Please check back for updates. Read the full story at The Verge.
OpenAI has reportedly purchased TBPN, the viral online talk show that often interviews AI executives and other tech leaders. This story is breaking. Please check back for updates. Read the full story at The Verge.
It’s unclear exactly how many employees lost their jobs, with reports ranging from 10,000 to 30,000. The latter would represent almost 19% of the company’s 162,000 workers.
It’s unclear exactly how many employees lost their jobs, with reports ranging from 10,000 to 30,000. The latter would represent almost 19% of the company’s 162,000 workers.
Gulf States Considering Network Of New Pipelines To Bypass Strait Of Hormuz One month ago, at the start of the war, we said it was surprising that UAE's oil export terminal of Fujairah was not a bigger terminal as it bypasses the Straits completely, and predicted a "major infrastructure push here after the war." Surprising Fujairah is not a bigger oil terminal: it bypasses the straits completely. ...
Gulf States Considering Network Of New Pipelines To Bypass Strait Of Hormuz One month ago, at the start of the war, we said it was surprising that UAE's oil export terminal of Fujairah was not a bigger terminal as it bypasses the Straits completely, and predicted a "major infrastructure push here after the war." Surprising Fujairah is not a bigger oil terminal: it bypasses the straits completely. Expect major infrastructure push here after the war. https://t.co/Do1gK7KBDQ — zerohedge (@zerohedge) March 3, 2026 Couple that with the latest news that the Saudi East-West pipeline is now running at capacity of roughly 7mmb/d (including non-oil products), and one can see the urgency gripping the Gulf in finding alternatives to the Strait of Hormuz which has emerged as Iran's biggest source of leverage in the war. And that's just the start. Confirming our observation from a month ago, the FT writes today that the threat of open-ended Iranian control over the Strait of Hormuz is pushing Gulf countries to revisit costly plans for pipelines to bypass the choke point so they can continue to export oil and gas. According to officials and industry executives, new pipelines may be the only way to reduce Gulf countries’ enduring vulnerability to disruption in the strait, even though such projects would be expensive, politically complex and take years to complete. We have already discussed the 1200km East-West pipeline: the war has underscored the strategic value of this Hormuz bypass. Built in the 1980s after fears that the Iran-Iraq “tanker war” would close the strait, it is now a key lifeline, delivering 7mn barrels of oil a day to the Red Sea port of Yanbu, bypassing Hormuz entirely. “In hindsight the East-West pipeline looks like a genius masterstroke,” said one senior Gulf energy executive. Amin Nasser, chief executive of Saudi’s state-run oil giant Aramco, told analysts last month that the pipeline is the “main route that we are capitalizing on right now”. Now, the kingdom i...
janiecbros/iStock via Getty Images The U.S. manufacturing economy remains challenging. While the last three ISM Manufacturing reports have been above 52 (indicating expansion), hiring isn’t expanding, cost pressures are significant, and a general note of caution persists. That makes for still-challenging conditions for industrial distributors like MSC Industrial ( MSM ), Fastenal ( FAST ), and Gra...
janiecbros/iStock via Getty Images The U.S. manufacturing economy remains challenging. While the last three ISM Manufacturing reports have been above 52 (indicating expansion), hiring isn’t expanding, cost pressures are significant, and a general note of caution persists. That makes for still-challenging conditions for industrial distributors like MSC Industrial ( MSM ), Fastenal ( FAST ), and Grainger ( GWW ), even though the market has already moved ahead of a real recovery. MSC shares are up about 10% since my last update , underperforming Fastenal and Grainger modestly (they were moving roughly equally until a post-earnings sell-off at MSC), but outperforming the broader industrial space by around five points. At this point I’m more cautious on MSC Industrial shares. I think the market repositioning cycle has largely played out, and while I do still see some upside on pricing, the overall pace of the manufacturing recovery is still wobbly. What’s more, I think the story is transitioning to a place where MSC’s company-specific self-help initiatives are more critical to driving outperformance, and with years of unfulfilled promises here (albeit under different management), I think some degree of caution is warranted. A Disappointing Mid-Year Report While MSC Industrial’s fiscal first quarter results did meet my expectations of growth at the high end of the guidance range (up about 4%), the fiscal second quarter marked a step back with weaker results, partially offset by better guidance for the third quarter. Second quarter revenue rose about 3% (down 5% sequentially), with price figuring even more significantly into the growth, as price drove 6.6% growth versus 4.2% in the prior quarter. With that, then, volumes did weaken noticeably, falling 4% after a modest decline in Q1. The overall sales figure was about 2% weaker than the Street expected. Flat sales in National accounts remains a little curious to me given large recent manufacturing company reports, but the ...
Shrugging off Wednesday's lethargy to rekindle Tuesday's solid bullishness, shares of Intuitive Machines (NASDAQ: LUNR) are flying again today, up 12.5% as of 1:40 p.m. ET. Just don't look for any company-specific news from or about this name. You won't find it. Rather, look to the skies... literally. The chief reason LUNR shares are soaring is currently racing toward the moon, taking at least som...
Shrugging off Wednesday's lethargy to rekindle Tuesday's solid bullishness, shares of Intuitive Machines (NASDAQ: LUNR) are flying again today, up 12.5% as of 1:40 p.m. ET. Just don't look for any company-specific news from or about this name. You won't find it. Rather, look to the skies... literally. The chief reason LUNR shares are soaring is currently racing toward the moon, taking at least some Intuitive Machines' technology with it. Yes, the catalyst here is Wednesday evening's successful launch of NASA's Artemis II mission to the moon. It wouldn't be happening like it is without Intuitive Machines' technology . Continue reading
Software-sector weakness, liquidity concerns and a series of bad underwriting vintages are all widening the moat between public and non-traded private credit vehicles, according to Oaktree Capital Management ’s Armen Panossian . As rates came down following the pandemic, tremendous amounts of capital flowed into credit markets, and private lending in particular. For retail-focused vehicles, like b...
Software-sector weakness, liquidity concerns and a series of bad underwriting vintages are all widening the moat between public and non-traded private credit vehicles, according to Oaktree Capital Management ’s Armen Panossian . As rates came down following the pandemic, tremendous amounts of capital flowed into credit markets, and private lending in particular. For retail-focused vehicles, like business development companies, managers sought to deploy cash quickly and selection standards suffered, according to the co-chief executive officer of Oaktree. “Any time that in a short period you get meaningful inflows and cash drag creates a big problem for returns — you do see excessive risk-taking,“ Panossian, who’s also CEO of the BDC Oaktree Specialty Lending , said in an interview on Bloomberg Television Thursday. “That’s true in credit, that’s true in private credit – and we’ve seen that over the last five, six years.” Although the long-dated nature of closed-end private debt funds runs more parallel with how larger institutions — like retirement and pension funds — invest, money still poured into several retail-focused private credit funds, and managers sought to deploy committed capital quickly, Panossian said. The divide between both bases has quickly grown, exacerbated by a wave of retail-investor redemptions on public BDCs. Earlier Thursday, Blue Owl Capital Inc. said it would cap redemptions at 5% for two of its private credit funds after facing an unprecedented surge in withdrawal requests. Investors in the $36 billion Blue Owl Credit Income Corp. fund asked to pull nearly 22% of shares in the first quarter, while another fund, Blue Owl Technology Income Corp., saw shareholders demand just over 40% back. Read More: Blue Owl BDCs Impose Caps After Facing 41%, 22% Requests to Exit To be sure, private credit funds are still seeing inflows on a gross basis, asset managers have said. Those reviewed by Bloomberg have raised more than $5 billion so far this year, ac...
lcodacci Telehealth platform Ro announced on Friday that it has partnered with Eli Lilly ( LLY ) to launch KwikPen, a prefilled injection pen containing multiple doses of the pharma giant’s blockbuster obesity drug Zepbound. The four-dose single-patient use device, approved by the FDA earlier this year, was launched on Lilly’s ( LLY ) direct-to-consumer site in February, with its lowest dose level...
lcodacci Telehealth platform Ro announced on Friday that it has partnered with Eli Lilly ( LLY ) to launch KwikPen, a prefilled injection pen containing multiple doses of the pharma giant’s blockbuster obesity drug Zepbound. The four-dose single-patient use device, approved by the FDA earlier this year, was launched on Lilly’s ( LLY ) direct-to-consumer site in February, with its lowest dose level starting at $299 per month. In March, Amazon Pharmacy ( AMZN ) began to offer KwikPen for same-day delivery. Ro said it is launching the multi-dose device for cash-paying customers, with the 2.5 mg starter dose and the 5 mg dose available at $299 and $399 per month, respectively. Patients who complete refills within 45 days will be able to buy higher doses, 7.5 mg, 10 mg, 12.5 mg, and 15 mg, at a manufacturer-discounted rate of $449 per month. More on Eli Lilly Eli Lilly's Centessa Deal Shows It Is Awake To New Narcolepsy Reality Novo Nordisk Vs. Eli Lilly: Cheap Vs. Expensive, But No Clear Opportunity Why Eli Lilly Remains My Top Obesity Bet Novo touts Wegovy pill after U.S. approval of Lilly’s Foundayo Lilly CEO says company opposes codification of Trump drug pricing deals
Over the last 7 days, the United States market has remained flat, but it is up 16% over the past year with earnings expected to grow by 15% per annum over the next few years. In this environment, identifying high growth tech stocks involves looking for companies with strong innovation capabilities and robust business models that can capitalize on these favorable market conditions.
Over the last 7 days, the United States market has remained flat, but it is up 16% over the past year with earnings expected to grow by 15% per annum over the next few years. In this environment, identifying high growth tech stocks involves looking for companies with strong innovation capabilities and robust business models that can capitalize on these favorable market conditions.
Andreas Balg/iStock via Getty Images Modine Manufacturing Company ( MOD ) has rallied 1345% over the last five years to easily top auto-related stocks and stand as one of the top performers in the overall consumer sector. The return for Modine ( MOD ) is more than triple other high-performing auto sector stocks such as Garrett Motion ( GTX ), Allison Transmission ( ALSN ), O'Reilly Automotive ( OR...
Andreas Balg/iStock via Getty Images Modine Manufacturing Company ( MOD ) has rallied 1345% over the last five years to easily top auto-related stocks and stand as one of the top performers in the overall consumer sector. The return for Modine ( MOD ) is more than triple other high-performing auto sector stocks such as Garrett Motion ( GTX ), Allison Transmission ( ALSN ), O'Reilly Automotive ( ORLY ), Ferrari ( RACE ), Tesla ( TSLA ), and AutoZone ( AZO ). Notably, the company executed a big mix shift toward higher-growth, higher-margin thermal management markets, especially data centers, while reducing dependence on weaker vehicle end markets. Last year, Modine ( MOD ) management said its record results were led by the data center business. Modine ( MOD ) also benefited from the AI trade as investors stopped valuing it like a cyclical auto supplier and started valuing it like a growth company tied to data center cooling and thermal management. Compared with peers such as BorgWarner ( BWA ), Dana ( DAN ), Aptiv ( APTV ), and other auto-supplier names, Modine ( MOD ) has had a much more favorable growth backdrop because a significant mix of its business is now tied to data-center cooling rather than purely to light vehicle or truck production. Looking ahead, Modine ( MOD ) recently announced the launch of a new 3-megawatt turbo chilled chiller platform that is specifically designed to provide advanced free cooling heat rejection for high-density next-generation GPU-powered data centers. More on Modine Manufacturing Modine: Breakout Frenzy Meets AI Beneficiary Status - Downgrade To Hold Modine Manufacturing Company (MOD) Discusses Spin-Off and Combination of Performance Technologies Segment with Gentherm - Slideshow Modine Manufacturing Company (MOD) Q3 2026 Earnings Call Transcript UBS highlights top industrial stocks with strong upside Highest and lowest quant-rated industrial stocks above $10B cap after earnings season
The United States market remained flat over the last week but has seen a 16% increase over the past year, with earnings forecasted to grow by 15% annually. In this environment, growth companies with high insider ownership can be particularly appealing as they often signal confidence from those closest to the business and may be well-positioned for substantial revenue growth.
The United States market remained flat over the last week but has seen a 16% increase over the past year, with earnings forecasted to grow by 15% annually. In this environment, growth companies with high insider ownership can be particularly appealing as they often signal confidence from those closest to the business and may be well-positioned for substantial revenue growth.
For Micron Technology (MU), the problem is not the possible elimination of the AI boom. Instead, it's whether the best days are now over, with much of the potential already priced in. In a latest move, Citigroup cut its price target on Micron to $425 from $510 after spot prices for a mainstream ...
For Micron Technology (MU), the problem is not the possible elimination of the AI boom. Instead, it's whether the best days are now over, with much of the potential already priced in. In a latest move, Citigroup cut its price target on Micron to $425 from $510 after spot prices for a mainstream ...