(RTTNews) - While reporting financial results for the third quarter on Tuesday, frozen potato products supplier Lamb Weston Holdings, Inc. (LW) raised its net sales guidance for the full-year 2026.
(RTTNews) - While reporting financial results for the third quarter on Tuesday, frozen potato products supplier Lamb Weston Holdings, Inc. (LW) raised its net sales guidance for the full-year 2026.
KanawatTH/iStock via Getty Images I previously covered Upstart Holdings, Inc. (NASDAQ: UPST ) in January 2026, discussing why I had reiterated my Buy rating then, thanks to the materialization of a much needed correction from the prior highs, the consequently cheaper valuations, and the excellent insights offered by the established trading pattern. This was on top of the fintech's notably improved...
KanawatTH/iStock via Getty Images I previously covered Upstart Holdings, Inc. (NASDAQ: UPST ) in January 2026, discussing why I had reiterated my Buy rating then, thanks to the materialization of a much needed correction from the prior highs, the consequently cheaper valuations, and the excellent insights offered by the established trading pattern. This was on top of the fintech's notably improved operating leverage from the prior lack of profitability, the excellent monetization of its AI lending platform, and the robust tailwinds arising from the likely to be lower borrowing cost environment in 2026. In this article, I shall discuss why I am cautiously reiterating my Buy rating for the UPST stock, albeit preferably nearer to the 2023/2024 trading floor of $20s for an improved margin of safety. My optimism is attributed to the improved risk/reward from the uncertain macroeconomic environment/ongoing selloff, their profitable growth prospects as observed in the 2025-2028 targets, and their oversold technical indicators. This is despite the intermediate term risks from the uncertain macroeconomic/geopolitical environment and the elevated short interest ratio. UPST Faces Numerous Headwinds & Tailwinds UPST 1Y Stock Price (TradingView) Since my last Hold rating, the bears have proven my bullish thesis wrong, as UPST lost more than half of its value while breaching its uptrend support line established since May 2023, with a similar correction also observed in its fintech peers in varying degrees. Part of their headwinds may be attributed to the uncertain macroeconomic / geopolitical uncertainties and the likely to be higher interest rate environment , with it likely to trigger headwinds to the fintech's loan origination business. As a result of the potentially impacted prospects, I can understand why the market has decided to de-risk first and ask questions later, as observed in UPST's steep meltdown of -71.6% from the 52-week high along with the Global X FinTech ETF ( ...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . The fall in oil prices today has given some reprieve to markets following US President Donald Trump’s suggestion that he’s keen to withdraw from the war in Iran sooner rather than later. In Europe, however, rising energy costs, captur...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . The fall in oil prices today has given some reprieve to markets following US President Donald Trump’s suggestion that he’s keen to withdraw from the war in Iran sooner rather than later. In Europe, however, rising energy costs, captured in a slew of inflation data this week, are causing alarm. The conflict in the Middle East has added €14 billion ($16.2 billion) to the cost of the European Union’s fossil fuel imports, the bloc’s energy commissioner, Dan Jorgensen, said following yesterday’s meeting of EU energy ministers. Today, the European Commission unveiled a limited tweak to its Emissions Trading System, ahead of a broader revision in July. The ETS has been the cornerstone of the EU’s climate policy since it was launched in 2005. But the cap and trade system has come in for criticism from energy-intensive companies covered by the scheme and some governments of late. The commission, the EU’s executive arm, proposed today adjusting the ETS in a bid to limit volatility. While stopping short of immediately releasing additional volumes into the market, it proposed scrapping the invalidation of certain permits in its Market Stability Reserve – a mechanism that controls supply in the carbon market. The measure effectively means the EU aims to limit carbon price volatility by boosting the number of permits it can keep in reserve for potential future releases in case of any price swings. That is a less aggressive move than some traders had priced in. As affected industries assess the impact of the new proposal, Brussels has been urging EU countries to take steps at national level to save energy, particularly in the transport sector. Securing agreement between the EU’s 27 members on energy policy will be a challenge, however. As we report today , yesterday’s meeting of energy ministers laid bare divisions be...
By issuing a joint five-point plan on the Iran crisis on Tuesday, China and Pakistan have laid out what Chinese analysts described as a “feasible path” towards a ceasefire and renewed diplomacy. At the same time, the move quietly signalled an early effort to shape the post-war Middle East order in a region where the long-standing US-dominated security framework was already facing growing strain an...
By issuing a joint five-point plan on the Iran crisis on Tuesday, China and Pakistan have laid out what Chinese analysts described as a “feasible path” towards a ceasefire and renewed diplomacy. At the same time, the move quietly signalled an early effort to shape the post-war Middle East order in a region where the long-standing US-dominated security framework was already facing growing strain and uncertainty, the observers said. In recent weeks, regional powers have emerged as mediators to...
Intel Corp. , the chipmaker aiming to restore its manufacturing prowess, agreed to pay $14.2 billion to buy back half of a plant in Ireland that it had previously sold to Apollo Global Management . The transaction will be financed with cash on hand and the issuance of about $6.5 billion in new debt, Intel said in a statement Wednesday. Apollo had paid $11.2 billion for 49% of what became a joint v...
Intel Corp. , the chipmaker aiming to restore its manufacturing prowess, agreed to pay $14.2 billion to buy back half of a plant in Ireland that it had previously sold to Apollo Global Management . The transaction will be financed with cash on hand and the issuance of about $6.5 billion in new debt, Intel said in a statement Wednesday. Apollo had paid $11.2 billion for 49% of what became a joint venture — a business that took ownership of a factory called Fab 34 in 2024. The deal raised cash that Intel said it needed for new production technology at the facility and others in the US. Shares of Intel initially turned negative on the news but recovered to gain 1.8% in premarket trading. The latest move marks a shift for Intel, which spent much of 2025 in cost-cutting mode. Chief Executive Officer Lip-Bu Tan , who took the helm in March of that year, slashed jobs, slowed expansion projects and sought to offload businesses. But Intel got an infusion of cash through a novel agreement with the federal government — a White House-brokered deal that turned the US into one of the company’s biggest backers. Nvidia Corp. and SoftBank Group Corp. also made multibillion-dollar investments last year. Read More: Intel Soars After Nvidia Makes $5 Billion Investment The Ireland repurchase also reflects Intel’s growing confidence in its business — and the belief that its products can play a bigger role in the boom in spending on AI infrastructure. Intel was in a different position two years ago, according to Chief Financial Officer Dave Zinsner . The company sold the stake to the investment company as part of a group of transactions needed to raise cash to shore up its finances. After years of sliding sales and market-share losses, Intel’s business had reached the point where there was speculation about whether it could continue on as an independent company. “Our 2024 agreement was the right structure at the right time and provided Intel with meaningful flexibility, enabling us to acc...
Berkshire Hathaway B (BRK.B) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Berkshire Hathaway B (BRK.B) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Despite these concerns, Micron’s near-term fundamentals remain relatively strong. Demand for memory products continues to expand, while industry-wide supply constraints are supporting pricing.
Despite these concerns, Micron’s near-term fundamentals remain relatively strong. Demand for memory products continues to expand, while industry-wide supply constraints are supporting pricing.
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Apartment rents usually rise in...
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Apartment rents usually rise in the spring months, as demand warms from the winter chill, but this year the gains are unusually small. The national median rent rose by just 0.4% in March from February to $1,363, according to Apartment List. Last year, the monthly increase was 0.6%. March rents were down 1.7% on an annual basis, the largest drop since Apartment List began tracking in 2017 and larger than the record set in the early months of the pandemic. The national median rent is now down 5.5% from its peak in 2022. "The latest data from the Bureau of Labor Statistics showed U.S. employers cutting jobs, and the war in Iran is pushing prices higher just as inflation was getting back under control," wrote Chris Salviati, chief economist at Apartment List. "These factors have put many households in a state of heightened financial uncertainty, which consequently puts a damper on housing demand." Last year at this time it looked like annual rent growth was going to flip into the positive for the first time since mid-2023, but that rebound stalled as the labor market weakened. Rents are falling because vacancies are also unusually high. The national rate in March was 7.3%, unchanged from February, but still the highest since 2017. There was a huge surge in the supply of new apartment units over the last three years. It peaked in 2024 but is still elevated and is now colliding with newly sluggish demand. In 2024, more than 600,000 new multifamily units hit the market, according to government reports, the most new supply in a single year since 1986. A separate report from Apartments.com, a CoStar company, show...