J Studios The U.S. economy is not heading into a recession despite significant market volatility driven by the ongoing Iran conflict, according to Ryan Detrick, chief market strategist at Carson Group. In an interview with CNBC, Detrick pointed to strong corporate fundamentals and labor market resilience as key factors supporting his optimistic outlook, even as markets experienced dramatic intrada...
J Studios The U.S. economy is not heading into a recession despite significant market volatility driven by the ongoing Iran conflict, according to Ryan Detrick, chief market strategist at Carson Group. In an interview with CNBC, Detrick pointed to strong corporate fundamentals and labor market resilience as key factors supporting his optimistic outlook, even as markets experienced dramatic intraday swings following news about Iran’s negotiations with Oman regarding ships passing through the Strait of Hormuz. The Dow Jones Industrial Average ( DJI ) dropped roughly 600 points at its lows before briefly turning positive during Thursday’s trading session, marking what could be the tenth consecutive down Thursday—the most negative Thursday streak on record. Detrick characterized the current market environment as a “slow-motion crash” driven by excessive hedging, massive put buying, and heavy short positions. “Everyone’s predicting it, and then the market has a funny way of not doing that,” he noted. Despite the headline volatility, Detrick highlighted encouraging technical signals beneath the surface. He pointed out that the New York Stock Exchange has seen fewer new lows for three consecutive weeks even as major indices have declined. “The market’s going down, yes, but less stocks going down. I think that’s a glass-half-full type of thing to look at,” he said. Corporate America’s strength remains a crucial pillar of Detrick’s bullish case. S&P 500 ( SP500 ) forward earnings are up 7% this year, and profit margins are hitting all-time highs despite geopolitical concerns. “If corporate America stays strong, the labor market, which, hey, we’ve had some okay labor market news—look at claims this morning, again, pretty good—the economy’s not going into recession,” Detrick said. The strategist drew comparisons to market conditions a year ago, when similar waves of negativity ultimately gave way to recovery. “The market’s not about good or bad. It’s about better or worse,” he...
In recent weeks, Microsoft has committed more than US$5.5 billion to cloud and AI infrastructure in Singapore and over US$1 billion in Thailand, while also rolling out new in-house AI models and deepening collaborations across security, workplace, and edge-computing partners. Together, these moves highlight how Microsoft is pairing heavy global data-center spending with a push for greater AI self-...
In recent weeks, Microsoft has committed more than US$5.5 billion to cloud and AI infrastructure in Singapore and over US$1 billion in Thailand, while also rolling out new in-house AI models and deepening collaborations across security, workplace, and edge-computing partners. Together, these moves highlight how Microsoft is pairing heavy global data-center spending with a push for greater AI self-sufficiency and tighter integration of its ecosystem into governments, regulated industries, and...
Pam Bondi, US attorney general, during a swearing-in ceremony in the Oval Office of the White House in Washington, DC, US, on Tuesday, March 24, 2026. | Bloomberg via Getty Images Taking a break from calling Bruce Springsteen a boring loser on Thursday, Donald Trump followed that up with another Truth Social post saying "loyal friend" Pam Bondi will transition to a yet-to-be-announced job in the p...
Pam Bondi, US attorney general, during a swearing-in ceremony in the Oval Office of the White House in Washington, DC, US, on Tuesday, March 24, 2026. | Bloomberg via Getty Images Taking a break from calling Bruce Springsteen a boring loser on Thursday, Donald Trump followed that up with another Truth Social post saying "loyal friend" Pam Bondi will transition to a yet-to-be-announced job in the private sector. CNN , the New York Times , and Fox News all report that Bondi, a figure in the TikTok takeover , pressuring tech companies to block ICE-tracking apps , and the Epstein files release , has been fired. Read the full story at The Verge.
Micron Technology and Sandisk got crushed last week after Alphabet Google detailed an algorithm called TurboQuant that the market feared would dent demand for memory chips. Mizuho analyst Vijay Rakesh reiterated Outperform ratings on both Micron and Sandisk in a research note, counseling traders to “buy the TurboQuant memory pullback.” Rakesh maintained a $710 price target for Sandisk and a $530 t...
Micron Technology and Sandisk got crushed last week after Alphabet Google detailed an algorithm called TurboQuant that the market feared would dent demand for memory chips. Mizuho analyst Vijay Rakesh reiterated Outperform ratings on both Micron and Sandisk in a research note, counseling traders to “buy the TurboQuant memory pullback.” Rakesh maintained a $710 price target for Sandisk and a $530 target for Micron.
A Radio-Canada reporter noticed his maple syrup tasted odd; testing revealed it was adulterated with cane syrup An investigation by Canada ’s national broadcaster has found that a major Quebec producer has been diluting its maple syrup with cane sugar and selling the fraudulent product to grocery chains. In a sting operation that involved false identities and covert recordings, journalists from Ra...
A Radio-Canada reporter noticed his maple syrup tasted odd; testing revealed it was adulterated with cane syrup An investigation by Canada ’s national broadcaster has found that a major Quebec producer has been diluting its maple syrup with cane sugar and selling the fraudulent product to grocery chains. In a sting operation that involved false identities and covert recordings, journalists from Radio-Canada’s Enquête programme found that a low-cost syrup sold in major grocery store chains was heavily diluted. Continue reading...
quantic69/iStock via Getty Images While the Trump administration has touted that having Medicare Part D cover weight loss medicines wouldn't pose too much of a financial burden because of drug prices negotiated with Novo Nordisk ( NVO ) and Eli Lilly ( LLY ), a new analysis is challenging that claim. Researchers from Vanderbilt University found that based on two models, covering Novo's Wegovy and ...
quantic69/iStock via Getty Images While the Trump administration has touted that having Medicare Part D cover weight loss medicines wouldn't pose too much of a financial burden because of drug prices negotiated with Novo Nordisk ( NVO ) and Eli Lilly ( LLY ), a new analysis is challenging that claim. Researchers from Vanderbilt University found that based on two models, covering Novo's Wegovy and Ozempic would come out to either ~$4.8B or ~$3.9B in annual spending. While the negotiated prices would lead to ~$933M in savings the first year, that amount only covers 4.4% of the estimated 12.4M Part D beneficiaries who could be eligible to receive the drugs under the administration's guidelines. The authors noted in their JAMA article that its findings could lead to pushback from Medicare insurers. "Plans may be unwilling to accept the trade-off of expanding obesity-indication coverage in exchange for lower per-fill prices under the BALANCE model, given the potential budget implications." More on Novo Nordisk Novo Nordisk: I Admit That I Was Really Wrong (Downgrade) Novo Nordisk: Why I Still Find It An Interesting Opportunity Novo Nordisk: A Comeback Story In The World's Fastest-Growing Drug Market Novo’s Wegovy expands reach in UK with latest NICE recommendation Novo’s China obesity drug posts positive mid-stage trial results
Nuclear power isn't new technology; we've had nuclear plants since the 1950s. But for various reasons both political and practical, it didn't catch on in much of the world. Only France derives a majority of its electricity (about 70%) from nuclear energy. But that has been changing for a couple of years now, and the closure of the Strait of Hormuz has likely changed the equation for many countries...
Nuclear power isn't new technology; we've had nuclear plants since the 1950s. But for various reasons both political and practical, it didn't catch on in much of the world. Only France derives a majority of its electricity (about 70%) from nuclear energy. But that has been changing for a couple of years now, and the closure of the Strait of Hormuz has likely changed the equation for many countries already working to expand their nuclear capacity and should accelerate the nuclear renaissance. That renaissance is global and will be playing out for years to come, and one companyis at the center of it all. Now is the time to consider adding it to your portfolio. Continue reading
Treasuries wiped out an early slump as investor focus turned to the risk that surging energy prices will become a drag on economic growth. Yields were lower by about a basis point at midday in New York after erasing increases of six to seven basis points. They had risen along with oil benchmarks after US President Donald Trump took a threatening tone toward Iran in a speech. Bloomberg's Ira Jersey...
Treasuries wiped out an early slump as investor focus turned to the risk that surging energy prices will become a drag on economic growth. Yields were lower by about a basis point at midday in New York after erasing increases of six to seven basis points. They had risen along with oil benchmarks after US President Donald Trump took a threatening tone toward Iran in a speech. Bloomberg's Ira Jersey and Robert Tipp, PGIM Fixed Income Managing Director, Chief Investment Strategist, and Head of Global Bonds join Carol Massar and Tim Stenovec to discuss what this sell off means for markets. (Source: Bloomberg)
RiverNorthPhotography/iStock Unreleased via Getty Images Shares of Cintas ( CTAS ) could offer an attractive entry point ahead of its proposed acquisition of UniFirst ( UNF ) , according to new analysis from UBS , which points to stronger-than-expected results at the target company. UniFirst ( UNF ) reported fiscal second-quarter revenue of $623 million, topping consensus estimates of $615 million...
RiverNorthPhotography/iStock Unreleased via Getty Images Shares of Cintas ( CTAS ) could offer an attractive entry point ahead of its proposed acquisition of UniFirst ( UNF ) , according to new analysis from UBS , which points to stronger-than-expected results at the target company. UniFirst ( UNF ) reported fiscal second-quarter revenue of $623 million, topping consensus estimates of $615 million, while adjusted earnings before interest, taxes, depreciation and amortization reached $70 million, ahead of expectations for $64 million. The results included a $2.5 million legal expense tied to an employee-related issue. UBS analyst Joshua Chan on Thursday said the performance supports the strategic case for Cintas’ planned acquisition, describing the deal as a meaningful opportunity to create value. Uniform segment shows resilience UniFirst’s ( UNF ) core uniform business delivered modestly stronger growth than expected, with organic revenue rising 2.8% year over year, slightly ahead of forecasts and an improvement from the prior quarter. The company cited stronger new customer wins compared with a year earlier. Margins in the segment also edged above expectations, even as they declined from last year due in part to the legal expense and ongoing investments in growth. Lower merchandise costs provided some support to profitability. Nuclear unit drives upside A rebound in UniFirst’s ( UNF ) more volatile nuclear services segment contributed to the earnings beat. Revenue declines were far less severe than anticipated, and margins came in well above forecasts, adding incremental upside to overall results. Meanwhile, the first aid division continued to post strong top-line growth, though profitability remained limited. Deal seen creating long-term value UBS maintains that the proposed acquisition would strengthen Cintas’ ( CTAS ) position in the uniform and facility services market, where it already serves more than one million businesses across North America. The firm reit...