No English stable has won the greatest prize in the sport since 2015 but the selection has all the attributes required It is more than a decade since a Grand National winner was trained in an English stable, as Lucinda Russell, successful twice since 2017 from her yard in Scotland’s County of Kinross, is the only trainer to break the Irish stranglehold since Oliver Sherwood’s success with Many Clo...
No English stable has won the greatest prize in the sport since 2015 but the selection has all the attributes required It is more than a decade since a Grand National winner was trained in an English stable, as Lucinda Russell, successful twice since 2017 from her yard in Scotland’s County of Kinross, is the only trainer to break the Irish stranglehold since Oliver Sherwood’s success with Many Clouds in 2015. The home side put up a much-improved performance at last month’s Cheltenham festival, however, and Jagwar (4.00) , one of two major contenders from Oliver Greenall and Josh Guerriero’s stable 50 miles from the track, could extend the English revival in the biggest race of the season on Saturday. Jagwar will head to Aintree with all of the attributes you could want to see in a modern-day National winner. He has youth on his side at seven years of age and remains open to improvement with just eight starts over fences on his record to date. Continue reading...
Joa_Souza/iStock Unreleased via Getty Images Petrobras ( PBR ) said Friday it agreed to acquire the remaining 50% stakes in the Tartaruga Verde and Espadarte Module 3 fields in Brazil's offshore Campos Basin from Malaysia's Petronas for $450M; upon closing, Petrobras will hold 100% ownership while continuing as operator of both assets. Petrobras ( PBR ) currently produces ~55K bbl/day of oil from ...
Joa_Souza/iStock Unreleased via Getty Images Petrobras ( PBR ) said Friday it agreed to acquire the remaining 50% stakes in the Tartaruga Verde and Espadarte Module 3 fields in Brazil's offshore Campos Basin from Malaysia's Petronas for $450M; upon closing, Petrobras will hold 100% ownership while continuing as operator of both assets. Petrobras ( PBR ) currently produces ~55K bbl/day of oil from the two fields through the Cidade de Campos dos Goytacazes floating production, storage and offloading vessel. The acquisition marks another step in Petrobras' ( PBR ) ongoing strategy to consolidate control over high-margin offshore assets, particularly in the mature but still prolific Campos Basin. Separately, Petrobras ( PBR ) said it will reimburse fuel distributors that had won a liquefied petroleum gas auction in March, paying them the difference between their bids and import prices at the time. Brazil's President Luiz Inacio Lula da Silva said last week the government would seek to annul the auction to protect consumers, arguing the company had sold LPG in the auction at prices he believed were too high due to the Middle East war. More on Petrobras Petrobras: Keep Adding On Strength Petrobras: Compelling Valuation At Current Price Level Hard Assets Weekly: The Signal That Precedes Falls In Hard Assets Appeared In Oil
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the State Street Energy Select Sector SPDR ETF (XLE), where 11,900,000 units were destroyed, or a 1.7% decrease week over week. Among the large
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the State Street Energy Select Sector SPDR ETF (XLE), where 11,900,000 units were destroyed, or a 1.7% decrease week over week. Among the large
Musk's xAI Sues Colorado Over AI Law, Saying It Forces Developers To Back State's Views Authored by Tom Gantert via The Epoch Times (emphasis ours), Elon Musk's artificial intelligence company, xAI, filed a lawsuit on April 9 over a Colorado law it claims makes AI developers endorse “Colorado’s views on diversity, equity, and inclusion or face significant compliance costs and civil fines.” The cha...
Musk's xAI Sues Colorado Over AI Law, Saying It Forces Developers To Back State's Views Authored by Tom Gantert via The Epoch Times (emphasis ours), Elon Musk's artificial intelligence company, xAI, filed a lawsuit on April 9 over a Colorado law it claims makes AI developers endorse “Colorado’s views on diversity, equity, and inclusion or face significant compliance costs and civil fines.” The chatbot Grok is the flagship product of xAI. Oleksii Pydsosonnii/The Epoch Times The company, whose flagship product is the chatbot Grok, named Colorado Attorney General Philip Weiser as the defendant. The lawsuit states that the law’s provisions “prohibit developers of AI systems from producing speech that the State of Colorado dislikes, while compelling them to conform their speech to a State-enforced orthodoxy on controversial topics of great public concern.” The lawsuit says the Colorado law violates the First Amendment. Weiser didn’t respond to an email seeking comment. The lawsuit questions the use of the term “algorithmic discrimination” in the law, calling it vague. The text of the law defines it this way: “ Algorithmic discrimination means any condition in which the use of an artificial intelligence system results in unlawful differential treatment or impact that disfavors an individual or group of individuals on the basis of their actual or perceived age, color, disability, ethnicity, genetic information, limited proficiency in the English language, national origin, race, religion, reproductive health, sex, veteran status, or other classification protected under the laws of this state or federal law.” The bill, SB24-205, was introduced in April 2024, passed the next month, and will take effect on June 30, 2026. Colorado Senate Democrats said during debate that “algorithmic discrimination has been shown to make biased determinations in cases involving hiring practices, housing applications, financial services, and health care coverage.” “AI systems are evolving faster...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. The S & P 500 was up again Friday. A higher close would make eight straight sessions in the green. For the week, the index is up big on the U.S. and Iran ceasefire. But the Strait of Hormuz is not fully open. President Donald Trump said it must be....
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. The S & P 500 was up again Friday. A higher close would make eight straight sessions in the green. For the week, the index is up big on the U.S. and Iran ceasefire. But the Strait of Hormuz is not fully open. President Donald Trump said it must be. Jim Cramer calls weekend peace talks between the U.S. and Iran a wildcard for stocks. "I don't think it's being factored in enough." Jim said he remains bullish but gets worried when overall market sentiment gets too positive. The S & P Short Range Oscillator is not yet overbought. We'll see if that happens at the end of the day. 2. Here's a preview of a trade we're going to execute on Monday: We are going to trim some Broadcom after a strong week — up more than 18% since last Friday's close — on a number of positive developments. We can't do the trade yet because of our rules about waiting 72 hours after Jim mentions a stock on CNBC television. This is a move to protect profits and to right-size a position that has gotten bigger than we like in relation to the rest of the portfolio. 3. Next week kicks off earnings season, with three Club names set to release results. Goldman Sachs reports Monday before the opening bell. Jim expects a big number because Goldman can profit from volatility. Wells Fargo comes Tuesday morning. Jim is not as rosy on this one, saying it may be too sensitive to the market. Johnson & Johnson , our newest name, also reports Tuesday morning. Jim really likes J & J and tells members: If you haven't bought any J & J, buy some here. We're not buying more for the Club yet, as we just initiated J & J on Wednesday, swapping it in for Bristol Myers Squibb . 4. Stocks covered in Friday's rapid fire at the end of the video were CoreWeave , CarMax , and Lumentum . (Jim Cramer's Charitable Trust is long AVGO, GS, WFC, JNJ. See here for a full list of the stock...
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Tradr 2X Long SPY Monthly ETF (SPYM), which added 64,750,000 units, or a 4.2% increase week over week. Among the largest underlying components of
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Tradr 2X Long SPY Monthly ETF (SPYM), which added 64,750,000 units, or a 4.2% increase week over week. Among the largest underlying components of
Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics. I’m Christine Dobby , Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about war and sticky prices, RBC’s new fund for Canadian entrepreneurs and Mark Carney on the verge of a m...
Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics. I’m Christine Dobby , Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about war and sticky prices, RBC’s new fund for Canadian entrepreneurs and Mark Carney on the verge of a majority government. Plus: space is cool! Please share this newsletter with your friends and colleagues, and if it was forwarded to you, sign up here to receive it every week, along with all the other benefits of a Bloomberg subscription. Oil Shocked An economic term from the 1990s is being thrown around a lot these days to explain what consumers might see with gas prices: “rockets and feathers .” The idea is that fuel prices shoot up like a rocket when oil prices rise, but drift back down like a feather when crude costs decline. It’s particularly relevant now as the world economy weathers an oil shock, with roughly a fifth of global supply effectively unable to transit the Strait of Hormuz. Earlier this week, tensions were at a boil as US President Donald Trump threatened a massive bombing campaign to destroy Iran’s infrastructure. By then, the benchmark US crude price had doubled from early January. It then tumbled on news of a ceasefire. Yet experts say the threat of longer-lasting inflation in consumer prices is far from over. The term “rockets and feathers” comes from an academic paper by Robert Bacon, who used it to describe the “asymmetric speed of adjustment” of retail gas prices in the UK to declining wholesale costs. You don’t need a PhD to get the concept. In a recent Nanos Research survey for Bloomberg News, Canadians ranked cutting fuel taxes as the No. 1 action the government should take to offset higher gas prices. But Trevor Tombe, an economics professor at the University of Calgary, believes the theory doesn’t hold up. Historically, gasoline prices actually ...