(RTTNews) - European stocks swung between gains and losses on Tuesday amid conflicting reports on potential U.S.-Iran talks on ending the conflict. Despite some somewhat bright moments in positive territory, a few markets failed to sustain gains as higher oil prices and weak PMI
(RTTNews) - European stocks swung between gains and losses on Tuesday amid conflicting reports on potential U.S.-Iran talks on ending the conflict. Despite some somewhat bright moments in positive territory, a few markets failed to sustain gains as higher oil prices and weak PMI
JHVEPhoto/iStock Editorial via Getty Images Since my last coverage on Celestica Inc. ( CLS ) earlier this year, the broader AI infrastructure opportunity has become increasingly defined by supply bottlenecks. The constraint that was initially centered on GPUs has not extended to memory, and rapidly moving towards networking as large AI cluster deployments scale. And the rapid adoption of agentic A...
JHVEPhoto/iStock Editorial via Getty Images Since my last coverage on Celestica Inc. ( CLS ) earlier this year, the broader AI infrastructure opportunity has become increasingly defined by supply bottlenecks. The constraint that was initially centered on GPUs has not extended to memory, and rapidly moving towards networking as large AI cluster deployments scale. And the rapid adoption of agentic AI in recent months is reinforcing relevance of this dynamic, as accelerating demand for compute heightens the requirement for high-speed interconnect and switching capacity. This represents an imminent shift in AI infrastructure demand dynamics, as the next bottleneck potentially expands beyond compute and increasingly toward networking to scale next-generation data center builds. And this transition is poised to align opportunistically with Celestica’s expanding Connectivity and Cloud Solutions (“CCS”) roadmap. Yet Celestica’s increasingly mission critical networking exposure, reinforced by its expanding production capacity to capitalize on the emerging bottleneck, likely remains underappreciated at its current valuation. In the following analysis, I will provide an overview of how Celestica’s ethernet switches work, and discuss why networking is potentially emerging as the next bottleneck in AI infrastructure. Then, I’ll dive into the impending growth opportunity for Celestica and discuss the near-term catalysts that could drive conversion of this opportunity into tangible fundamental support for further valuation upside. Taken together, Celestica remains well positioned for further upside from current levels, as the early-year correction has sufficiently de-risked execution challenges while creating a compelling set-up for the stock ahead of an impending secular networking opportunity. Celestica’s Role in Scaling AI Infrastructure Celestica’s CLS segment has been a key growth and earnings driver for the company, benefitting from the secular AI transition through its prov...
NRG Energy CEO Lawrence Coben discusses the company’s strategy and its Houston power plant project with Bloomberg’s Julie Fine at CERAWeek in Houston. (Source: Bloomberg)
NRG Energy CEO Lawrence Coben discusses the company’s strategy and its Houston power plant project with Bloomberg’s Julie Fine at CERAWeek in Houston. (Source: Bloomberg)
Investing.com -- Software stocks are notably weaker again on Tuesday, and all signs point to Claude's latest release, which allows users' computers to run tasks in their browsers, as the culprit. However, according to one market watcher, six other factors could be weighing on the sector today as well.
Investing.com -- Software stocks are notably weaker again on Tuesday, and all signs point to Claude's latest release, which allows users' computers to run tasks in their browsers, as the culprit. However, according to one market watcher, six other factors could be weighing on the sector today as well.
mustafaU/iStock via Getty Images Shorting the yen has become a one-way bet for investors, as Japan's relatively lower interest rates have allowed them to profit from both the higher interest rate in other currencies and the capital appreciation that has resulted from yen depreciation. This is the nature of the yen carry trade. Investors borrow money at low-interest rates in yen and invest the proc...
mustafaU/iStock via Getty Images Shorting the yen has become a one-way bet for investors, as Japan's relatively lower interest rates have allowed them to profit from both the higher interest rate in other currencies and the capital appreciation that has resulted from yen depreciation. This is the nature of the yen carry trade. Investors borrow money at low-interest rates in yen and invest the proceeds in higher-yielding currencies (or assets denominate in these currencies), and in doing so this drives down the yen allowing them to pocket capital gains as well as interest income. It is this dynamic that has caused the dollar to rise by 30% against the yen over the past four years, generating a total return of 55%. GBPJPY Total Return Vs SPX/TLT (Bloomberg) The weakness in the yen, particularly relative to emerging market currencies, is a key indicator of risk appetite. This can be seen in the above chart which shows how yen weakness moves hand in hand with the ratio of US stocks relative to US Treasuries. Why Yen Weakness Sows The Seeds Of Yen Strength While no one knows how long this trend will continue, what we do know is that the more the yen weakens, the more the fundamentals turn in the yen's favour. The reasons for this are twofold: Ballooning Net External Assets: Firstly, Japan is a huge net external creditor, meaning its overseas assets are significantly larger than its liabilities. As its assets are denominated in foreign currencies while liabilities are denominated in yen, yen weakness causes these net external assets to rise further. As these massive net external assets grow, the dividend and interest income they generate create a source of potential demand for yen once they are repatriated. Japan NIIP, % of GDP (Bloomberg) The total value of income from overseas investments is now equivalent to 7% of Japan's GDP and the only reason we have not seen this create appreciatory pressure on the yen is because the companies (the major financial firms and conglom...
As global oil prices continue to rise, Americans are feeling more pain at the pump. The average price for a gallon of gas has jumped more than 30% in the past month, from $2.93/gallon to $3.88/gallon. But as politicians like to remind us, the U.S. is a net petroleum exporter. So why does it matter how much oil costs halfway around the world? Can't we just "drill, baby, drill," and tap into our abu...
As global oil prices continue to rise, Americans are feeling more pain at the pump. The average price for a gallon of gas has jumped more than 30% in the past month, from $2.93/gallon to $3.88/gallon. But as politicians like to remind us, the U.S. is a net petroleum exporter. So why does it matter how much oil costs halfway around the world? Can't we just "drill, baby, drill," and tap into our abundant supply of homegrown crude oil? Sadly, it's not so simple. Here's why. Continue reading
"Will You Help Me Repair My Door?": Rapper Afroman Wins Major Free Speech Verdict Authored by Jonathan Turley via jonathanturley.org , When singer Joseph E. Foreman took the stand recently in Ohio, his message, like his lyrics, was hardly subtle. Indeed, counsel may have been unsure whether to examine or to hoist him. The rapper, known as “Afroman,” appeared in a suit modeled after an American fla...
"Will You Help Me Repair My Door?": Rapper Afroman Wins Major Free Speech Verdict Authored by Jonathan Turley via jonathanturley.org , When singer Joseph E. Foreman took the stand recently in Ohio, his message, like his lyrics, was hardly subtle. Indeed, counsel may have been unsure whether to examine or to hoist him. The rapper, known as “Afroman,” appeared in a suit modeled after an American flag with matching flag-patterned sunglasses . He lashed out at the seven police officers who raided his home and then sued him for publicly mocking them. He insisted that he was the virtual embodiment of the First Amendment in all of its glory. A jury agreed, at least insofar as finding him protected in his parody and public portrayal of the officers. Almost three years ago, I wrote about the case and expressed deep skepticism about the legal viability of the case in light of free speech protections for filming and criticizing public officials. Foreman, 51, became famous for a humorous rap song, “ Because I Got High. ” Later, he became even more famous after the released security camera footage of officers breaking down the door to his home and holding him and his family at bay with drawn weapons. While the warrant was granted to look for evidence of kidnapping, marijuana, and drug paraphernalia, they found nothing. Foreman then decided to go on the offensive with videos showing the raid and rap songs using his signature style to mock the officers (including one who seemed to stop in the midst of the raid to look at a fresh lemon pound cake on the counter. He told NPR , “I asked myself, as a powerless Black man in America, what can I do to the cops that kicked my door in, tried to kill me in front of my kids, stole my money, and disconnected my cameras? And the only thing I could come up with was make a funny rap song about them … use the money to pay for the damages they did and move on.” In “Will You Help Me Repair My Door?” he taunted the officers: “Did you find what you w...
Stock market indexes are having a bit of an identity crisis today. After Monday's enthusiastic rally, Wall Street woke up Tuesday morning and apparently forgot why it was so excited. Most stocks trended lower in the morning session but the market made a broad comeback by lunch ET. Trading volumes are lower than average, too. The Dow Jones Industrial Average (DJINDICES: ^DJI) is clinging to modest ...
Stock market indexes are having a bit of an identity crisis today. After Monday's enthusiastic rally, Wall Street woke up Tuesday morning and apparently forgot why it was so excited. Most stocks trended lower in the morning session but the market made a broad comeback by lunch ET. Trading volumes are lower than average, too. The Dow Jones Industrial Average (DJINDICES: ^DJI) is clinging to modest gains, just above the breakeven line at 1:20 p.m. ET. The S&P 500 (SNPINDEX: ^GSPC) is also treading water with a 0.2% drop. The Nasdaq Composite (NASDAQINDEX: ^IXIC) , meanwhile, is the grumpiest of the bunch, down by about 0.7% as several large tech stocks take a breather. Continue reading
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks stumble while oil holds near triple digits as traders weigh escalating Middle East risks. Sumitomo Mitsui shuts down Jefferies takeover talk, while a bidding war heats up for Janus Henderson with a $52-a-share offer. And Michael Dell’s family office eyes opportunity in a shaken private cred...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks stumble while oil holds near triple digits as traders weigh escalating Middle East risks. Sumitomo Mitsui shuts down Jefferies takeover talk, while a bidding war heats up for Janus Henderson with a $52-a-share offer. And Michael Dell’s family office eyes opportunity in a shaken private credit market. We hear from United CEO Scott Kirby on rising fuel costs and geopolitical turbulence, plus Bonaccord’s Brad Pilcher on stress building in private credit. And JP Morgan’s Phil Camporeale breaks down what surging oil means for inflation and the global economy. (Source: Bloomberg)
SpiffyJ/iStock via Getty Images Focus of Article: The focus of this two-part article is a very detailed analysis comparing Blackstone Secured Lending ( BXSL ) to some of the company’s business development company (“BDC”) peers (all sector peers I currently fully cover). I am writing this two-part article due to the continued requests that such an analysis be specifically performed on BXSL and some...
SpiffyJ/iStock via Getty Images Focus of Article: The focus of this two-part article is a very detailed analysis comparing Blackstone Secured Lending ( BXSL ) to some of the company’s business development company (“BDC”) peers (all sector peers I currently fully cover). I am writing this two-part article due to the continued requests that such an analysis be specifically performed on BXSL and some of the company’s BDC peers at periodic intervals. For readers who just want the summarized conclusions/results, I would suggest scrolling down to the “Conclusions Drawn” section at the bottom of each part of the article. PART 1 of this article analyzed BXSL’s recent quarterly results and compared several of the company’s metrics to 11 BDC peers. PART 1 helps lead to a better understanding of the topics and analysis that will be discussed in PART 2. PART 2 of this article compares BXSL’s recent dividend per share rates, yield percentages, and several other highly unique dividend sustainability metrics to 11 BDC peers. This analysis will show recent past data with supporting documentation within Table 11 below. This article will also provide BXSL’s dividend sustainability projection for calendar Q2–Q3 2026, which is partially based on the metrics shown in Table 11 and several additional metrics shown in Table 12 below. By analyzing these metrics, one will better understand which BDC generally has a safer dividend rate going forward versus other peers who have a higher risk for a dividend decrease or a higher probability of a dividend increase and/or a special periodic dividend being declared. This is not the only data that should be examined to initiate a position within a particular stock/sector or project future dividend per share rates. However, I believe this analysis would be a good “starting point” to begin a discussion on the topic. At the end of this article, there will be a conclusion regarding various comparisons between BXSL and the 11 other BDC peers. In addition...
A Delta Air Lines Boeing 757-200 plane passes by the U.S. Capitol dome in Washington as it comes in for a landing at Ronald Reagan Washington National Airport on Sunday, November 9, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images No sky perks for you! Delta Air Lines suspended its airport escorts and red coat services for members of Congress and their staff because of the ongoing partial shut...
A Delta Air Lines Boeing 757-200 plane passes by the U.S. Capitol dome in Washington as it comes in for a landing at Ronald Reagan Washington National Airport on Sunday, November 9, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images No sky perks for you! Delta Air Lines suspended its airport escorts and red coat services for members of Congress and their staff because of the ongoing partial shutdown of the Department of Homeland Security , the air carrier said Tuesday. The move comes a week after Delta CEO Ed Bastian blasted Congress during an interview with CNBC's "Squawk Box" for failing to authorize pay for Transportation Security Administration agents during the shutdown of the agency that includes TSA. "Due to the impact on resources from the longstanding government shutdown, Delta will temporarily suspend specialty services to members of Congress flying Delta," Delta said in a statement to CNBC. "Next to safety, Delta's no. 1 priority is taking care of our people and customers, which has become increasingly difficult in the current environment," the airline said. Delta's action was first reported by the Atlanta Journal-Constitution Delta's Capital Desk, which is a reservation line for members of Congress and staffers, remains open. But for now, those customers will be treated like any other passengers based on their respective Sky Miles status. The move comes as airports around the U.S., including major hubs in cities such as Atlanta, where Delta is based, are seeing extra-long security lines as a result of elevated absences by TSA agents, who are set to miss their second full paycheck this week. Read more CNBC politics coverage Pakistan offers to facilitate U.S.-Iran war talks as Trump, Tehran give mixed signals DCCC launches geotargeted digital ad campaign hitting GOP for gas prices Senate confirms Markwayne Mullin as next DHS secretary Bastian last week fumed to CNBC that it is "inexcusable that our security agents, our frontline agents, that are essentia...
Dozens of hedge-fund and oil-company executives are gathering this week in Caracas, where Venezuela ’s acting president, Delcy Rodriguez , signaled an interest in re-opening the nation’s economy to foreign businesses, according to people familiar with the matter. It was the largest meeting of investors since US forces captured then-President Nicolas Maduro in early January, elevating Rodriguez to ...
Dozens of hedge-fund and oil-company executives are gathering this week in Caracas, where Venezuela ’s acting president, Delcy Rodriguez , signaled an interest in re-opening the nation’s economy to foreign businesses, according to people familiar with the matter. It was the largest meeting of investors since US forces captured then-President Nicolas Maduro in early January, elevating Rodriguez to power. Rodriguez briefly met with a group of around 50 investors on Monday at the presidential palace as part of the gathering. She discussed her broader policy and legislative agenda and reinforced the need to get US sanctions lifted, though she had no timeline for when that may happen, said the people, who asked not to be identified because the meetings were private. In an appearance on state television Tuesday, Rodriguez confirmed the investor meeting and said Venezuela will send a diplomatic mission to the US later this week. Images showed Vice President of the Economy Ministry Calixto Ortega and Finance Minister Anabel Pereira were also present. The delegation — organized by US-based consultant Signum Global Advisors — included representatives from hedge funds and energy companies, the people said. Among them were executives at firms Kirkoswald Asset Management and Michael Platt ’s private investment firm BlueCrest , according to the people. Signum, which flew investors to Ukraine last year amid reconstruction efforts, had been in talks with a range of multinational companies and money managers and saw strong interest ahead of the trip, Chairman Charles Myers said earlier this year. Sharp Turn The meetings mark a sharp turn for a country that has been largely shut out of global markets for years by US sanctions targeting Maduro’s government. Since his arrest, the Trump administration has moved to restore diplomatic ties and ease restrictions on Venezuela’s energy sector, seeking to attract foreign capital into the oil-rich nation. President Donald Trump has repeatedly ...