Emile Cairess is ruled out of this year's London Marathon - where he was expected to challenge Sir Mo Farah's British record - because of a calf issue.
Emile Cairess is ruled out of this year's London Marathon - where he was expected to challenge Sir Mo Farah's British record - because of a calf issue.
juststock/iStock via Getty Images Bloomberg Market Returns (%) Q1 2026 2025 U.S. Govt/Credit Intermediate -0.02 6.97 U.S. Govt/Credit 1-3 Year 0.28 5.35 U.S. Govt/Credit 1-5 Year 0.14 6.11 Municipal 1-10 Year Blend 1-12 Year -0.23 5.14 Click to enlarge Source: Morningstar Direct. Please see last page for index definitions. Q1 2026 Market Review Fixed income markets faced a challenging first quarte...
juststock/iStock via Getty Images Bloomberg Market Returns (%) Q1 2026 2025 U.S. Govt/Credit Intermediate -0.02 6.97 U.S. Govt/Credit 1-3 Year 0.28 5.35 U.S. Govt/Credit 1-5 Year 0.14 6.11 Municipal 1-10 Year Blend 1-12 Year -0.23 5.14 Click to enlarge Source: Morningstar Direct. Please see last page for index definitions. Q1 2026 Market Review Fixed income markets faced a challenging first quarter of 2026, driven primarily by the U.S. war in Iran. The resulting energy shock, at least temporarily, pushed concerns around artificial intelligence (AI) valuations and private credit to the background. Entering the quarter, market sentiment reflected a belief that inflation was under control and that the Federal Reserve could potentially cut interest rates multiple times in 2026. That narrative quickly reversed, as interest rates spiked in response to heightened geopolitical risk and renewed inflation concerns. The recent reaction in the U.S. Treasury market illustrates the magnitude of a supply-driven shock on interest rates. For context, the 10-year Treasury yield rose approximately 50 basis points in just a few weeks. The move was even more pronounced at the front end of the curve, with the 2-year yield increasing more than 60 basis points over the same period. The broader and longer-term implications are still uncertain. It is unclear whether this is a temporary dislocation or the beginning of a more persistent shift in the rate environment. The corporate bond market offered added insight following the escalation in Iran. Similar to Treasuries, corporate bonds came under pressure late in the quarter. Notably, the new issue market effectively stalled in March, reflecting a sharp pullback in risk appetite. Given the rapidly evolving backdrop, a temporary pause in issuance was not unexpected. The more important question is whether credit conditions will remain tight in coming quarters – particularly for lower-rated issuers that are more reliant on consistent access to ca...
Goldman Sachs Group Inc. this week became the latest major Wall Street firm to file for a Bitcoin ETF — joining Morgan Stanley , BlackRock Inc. and a growing roster of institutions racing to package cryptocurrencies for mainstream investors. Goldman’s twist: a product that generates monthly income by selling options, offering cautious investors a yield in exchange for capped upside during rallies....
Goldman Sachs Group Inc. this week became the latest major Wall Street firm to file for a Bitcoin ETF — joining Morgan Stanley , BlackRock Inc. and a growing roster of institutions racing to package cryptocurrencies for mainstream investors. Goldman’s twist: a product that generates monthly income by selling options, offering cautious investors a yield in exchange for capped upside during rallies. The asset-management arm of the New York-based bank submitted paperwork to the US Securities and Exchange Commission for the Goldman Sachs Bitcoin Premium Income ETF, marking its first direct push into the crypto investment space. The structure is borrowed from equity markets, where options-income funds have amassed more than $180 billion in assets by offering steadier returns in turbulent periods, the largest category within derivative ETFs, according to data compiled by Strategas Research. BlackRock filed a similar Bitcoin product in January. Roundhill Financial Inc. has operated one since 2024. The category has become one of Wall Street’s preferred vehicles for the next phase of crypto adoption — the hesitant investor who wants exposure but cannot stomach the swings. The appeal carries an irony: Bitcoin has long been derided by traditional investors precisely because it generates no income. Wall Street is now engineering one. It also comes after Chief Executive Officer David Solomon acknowledged in February personally owning Bitcoin. Once a vocal long-time skeptic of cryptocurrencies, Solomon told attendees at the World Liberty Forum at Mar-a-Lago in Florida, an event hosted by executives including Eric Trump and Donald Trump Jr. , that he was not a “great Bitcoin prognosticator.” “The premium income strategy is an easy way to baby-step into Bitcoin. It’s like Bitcoin with training wheels, but with an air of sophistication, which fits Goldman’s brand,” said Nate Geraci , president of NovaDius Wealth Management. “I wouldn’t be surprised if they ultimately launched a full...
Earnings Call Insights: American Strategic Investment Co. (NYC) Q4 2025 Management View "We remain committed to operating and unlocking value at our current assets with a focus on tenant retention, property improvements and cost efficiency, while simultaneously pruning our exposure to non-core assets" (Chief Executive Officer Nicholas Schorsch). "For the year, we executed 13 new and replacement le...
Earnings Call Insights: American Strategic Investment Co. (NYC) Q4 2025 Management View "We remain committed to operating and unlocking value at our current assets with a focus on tenant retention, property improvements and cost efficiency, while simultaneously pruning our exposure to non-core assets" (Chief Executive Officer Nicholas Schorsch). "For the year, we executed 13 new and replacement leases totaling 117,000 square feet" (CEO Schorsch). He also described the portfolio at year-end as "our $382.6 million, 0.7 million square foot portfolio" with "occupancy of 80.3% and a weighted average remaining lease term of 6.1 years" (CEO Schorsch). "As discussed on last quarter's call, we completed the disposition of our 1140 Avenue of the Americas office property during the fourth quarter" (CEO Schorsch). He added, "we also pursued a cooperative consensual foreclosure with the lender" and said the company "recognized a gain of $46.6 million" for the year (CEO Schorsch). "Revenue was $43.3 million for the year ended December 31, 2025, compared to $61.6 million in 2024" (CFO Michael LeSanto). He attributed the change to dispositions, "notably the dispositions of 9 Times Square in the late fourth quarter of 2024, and the 1140 Avenue of the Americas in fourth quarter 2025" (CFO LeSanto). Outlook "We are also assessing strategies for our properties at 123 William Street and 196 Orchard to generate the greatest long-term value for our portfolio, including potentially selling the properties" (CEO Schorsch). He said, "If sold, these sales would generate additional cash that we believe can be deployed into higher-yielding assets, creating future value for the portfolio" (CEO Schorsch). "Simultaneously, our team is focused on leasing up available space, evaluating options for replacing maturing debt, renewing leases with existing tenants and maintaining tight controls on expenses" (CEO Schorsch). The call did not include management quantitative guidance (no explicit revenue, ear...
Lelia Doolan, who finished 220km trek at parliament gates, says use of Shannon airport violates Irish neutrality A 91-year-old peace activist has crossed Ireland on foot and arrived in Dublin to petition the government to bar US military flights. Lelia Doolan completed a two-week, 220km (138 mile) trek on Wednesday, ending at the gates of parliament accompanied by throngs of supporters. Continue r...
Lelia Doolan, who finished 220km trek at parliament gates, says use of Shannon airport violates Irish neutrality A 91-year-old peace activist has crossed Ireland on foot and arrived in Dublin to petition the government to bar US military flights. Lelia Doolan completed a two-week, 220km (138 mile) trek on Wednesday, ending at the gates of parliament accompanied by throngs of supporters. Continue reading...
CalypsoArt/iStock via Getty Images AAPL Stock: Inventory Dropped To Multi-Year Low I last covered Apple Inc. ( AAPL ) on Mar 2 with an article titled “ Apple: Why Smart Money Holds At $271 .” That article was triggered by the position changes disclosed by professional investors and rated the stock as a hold. Since that writing, several new catalysts have caught my attention and motivated this revi...
CalypsoArt/iStock via Getty Images AAPL Stock: Inventory Dropped To Multi-Year Low I last covered Apple Inc. ( AAPL ) on Mar 2 with an article titled “ Apple: Why Smart Money Holds At $271 .” That article was triggered by the position changes disclosed by professional investors and rated the stock as a hold. Since that writing, several new catalysts have caught my attention and motivated this revisit. In particular, this article will concentrate on 3 of the new catalysts: the upcoming FQ2 earnings report (ER) expected on April 30th, the latest AI revenue data, and also the new product lineup. In the end, these developments have led me to expect another robust quarter with plenty of growth spots. These growth catalysts should counterbalance the current valuation risks of the stock. Let me start with the upcoming ER that AAPL is scheduled to release at the end of the month. As one of the most debated tickers on Seeking Alpha, most aspects of AAPL’s financials have been discussed in depth by other authors. Hence, here I will concentrate on an aspect of the ER that is less mentioned: the inventory data. Readers following my writings know that I pay special attention to inventory due to these following insights learned from Peter Lynch : To start, unlike many other financial data that are more open to interpretation, inventory is one of the less ambiguous financial data. Lynch also explained why inventory levels can be a telltale sign of business cycles. Especially for cyclical businesses, inventory buildup is a warning sign, which indicates the company (or sector) might be overproducing while the demand is already softening. Conversely, depleting inventory could be an early sign of a recovery. And in the case of AAPL FQ2 ER, these insights are particularly timely in my view given the current status of its inventory and the pending release of its new products. More specifically, the screenshot below shows AAPL's DIO (days of inventory outstanding) in the past 10 years. A...
CalypsoArt/iStock via Getty Images AAPL Stock: Inventory Dropped To Multi-Year Low I last covered Apple Inc. ( AAPL ) on Mar 2 with an article titled “ Apple: Why Smart Money Holds At $271 .” That article was triggered by the position changes disclosed by professional investors and rated the stock as a hold. Since that writing, several new catalysts have caught my attention and motivated this revi...
CalypsoArt/iStock via Getty Images AAPL Stock: Inventory Dropped To Multi-Year Low I last covered Apple Inc. ( AAPL ) on Mar 2 with an article titled “ Apple: Why Smart Money Holds At $271 .” That article was triggered by the position changes disclosed by professional investors and rated the stock as a hold. Since that writing, several new catalysts have caught my attention and motivated this revisit. In particular, this article will concentrate on 3 of the new catalysts: the upcoming FQ2 earnings report (ER) expected on April 30th, the latest AI revenue data, and also the new product lineup. In the end, these developments have led me to expect another robust quarter with plenty of growth spots. These growth catalysts should counterbalance the current valuation risks of the stock. Let me start with the upcoming ER that AAPL is scheduled to release at the end of the month. As one of the most debated tickers on Seeking Alpha, most aspects of AAPL’s financials have been discussed in depth by other authors. Hence, here I will concentrate on an aspect of the ER that is less mentioned: the inventory data. Readers following my writings know that I pay special attention to inventory due to these following insights learned from Peter Lynch : To start, unlike many other financial data that are more open to interpretation, inventory is one of the less ambiguous financial data. Lynch also explained why inventory levels can be a telltale sign of business cycles. Especially for cyclical businesses, inventory buildup is a warning sign, which indicates the company (or sector) might be overproducing while the demand is already softening. Conversely, depleting inventory could be an early sign of a recovery. And in the case of AAPL FQ2 ER, these insights are particularly timely in my view given the current status of its inventory and the pending release of its new products. More specifically, the screenshot below shows AAPL's DIO (days of inventory outstanding) in the past 10 years. A...
Central banks should resist the urge to hike interest rates in response to the Middle East crisis as this could damage economic output, according to International Monetary Fund Managing Director Kristalina Georgieva . Given that long-term inflation expectations are well anchored and haven’t budged, “it is important that the central banks act carefully,” she told Bloomberg Television. “Those that a...
Central banks should resist the urge to hike interest rates in response to the Middle East crisis as this could damage economic output, according to International Monetary Fund Managing Director Kristalina Georgieva . Given that long-term inflation expectations are well anchored and haven’t budged, “it is important that the central banks act carefully,” she told Bloomberg Television. “Those that are in a good position of credibility, they can take a wait-and-see attitude. They also have to signal ‘we are prepared to act if necessary.’” “But please don’t rush: my worry is that because of 2022, now central banks may say ‘let’s move faster’ and that could be dangerous because it would suffocate growth,” she said in the interview on Wednesday on the sidelines of the IMF and World Bank’s spring meetings in Washington. Earlier this week, the IMF — the world’s lender of last resort — downgraded its growth projection for the year to 3.1% after the war in the Middle East triggered a major oil shock. Officials are already shifting toward their “adverse” scenario, with growth seen at 2.5% this year and an average petroleum spot price index of around $100 per barrel. IMF Warns of Global Economic Downturn If War in Iran Lasts Global Rate Path Veers Higher in Wake of Another Trump Shock Anti-Recession Guardrails Are Weaker Than Ever Around the Globe Donald Trump’s war on Iran has already produced an initial bout of inflation, with further energy-related pressure in the pipeline, putting global policymakers on alert for possible rate hikes. Still, major central banks have primarily indicated caution so far.
Jeanine Pirro is sworn in as the new interim U.S. Attorney for the District of Columbia during a ceremony hosted by U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 28, 2025. Leah Millis | Reuters Federal prosecutors are still pressuring the Federal Reserve over the Trump administration's allegations that there was some malfeasance involved in ongoing building revelat...
Jeanine Pirro is sworn in as the new interim U.S. Attorney for the District of Columbia during a ceremony hosted by U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 28, 2025. Leah Millis | Reuters Federal prosecutors are still pressuring the Federal Reserve over the Trump administration's allegations that there was some malfeasance involved in ongoing building revelations and Chair Jerome Powell 's testimony to Congress about them. But legal experts say U.S. Attorney for the District of Columbia Jeanine Pirro's investigation appears to be in trouble, and she faces a ticking clock to appeal a judge's rulings against her. Investigators from Pirro's office visited a Fed construction site Tuesday, according to a note sent by the Fed's legal team to the prosecutors and seen by CNBC. The investigators appeared "without prior notice" and asked for a tour, Robert Hur, an attorney for the Fed, wrote in the note. "Any construction project that has cost overruns of almost 80% over the original construction budget deserves some serious review," Pirro said in a statement to CNBC. The investigators' visit comes at a crucial juncture for Pirro's investigation. James E. Boasberg, chief judge of the U.S. District Court for the District of Columbia, ruled last month that the prosecutors hadn't met the low bar to seek a subpoena to the Fed. He quashed subpoenas Pirro's office had issued, and on April 3 declined a request by the prosecutors to appeal the order. Pirro has 30 days to appeal Boasberg's ruling quashing the subpoenas under the appeals court's rules. That sets up May 4 as a date by which the Senate may attempt to ahead with an initial vote on the nominee to replace Powell with former Fed governor Kevin Warsh . Read more CNBC politics coverage Kalshi, Polymarket lobby as insider trading, betting eyed by Congress Fed nominee Warsh filings detail vast wealth, far exceeding past chairs House Republican campaign arm touts tax cuts in new 2026 electio...
For the fourth day in a row, Rigetti Computing (NASDAQ: RGTI) stock is flying. Shares of the third-biggest name in quantum computing systems (behind IonQ (NYSE: IONQ) and D-Wave (NYSE: QBTS) , but ahead of the eponymous Quantum Computing (NASDAQ: QUBT) stock) soared 11.3% through 11:25 a.m. ET Wednesday as it continued to ride a wave of enthusiasm from Nvidia 's (NASDAQ: NVDA) announcement yesterd...
For the fourth day in a row, Rigetti Computing (NASDAQ: RGTI) stock is flying. Shares of the third-biggest name in quantum computing systems (behind IonQ (NYSE: IONQ) and D-Wave (NYSE: QBTS) , but ahead of the eponymous Quantum Computing (NASDAQ: QUBT) stock) soared 11.3% through 11:25 a.m. ET Wednesday as it continued to ride a wave of enthusiasm from Nvidia 's (NASDAQ: NVDA) announcement yesterday. Image source: Getty Images. Continue reading
Tesla (NASDAQ:TSLA) stock is up 8% in midday trading on Wednesday, rising from $364.20 to $392 as two catalysts hit the tape in quick succession. The move is drawing attention from both sides of a deeply divided investor base, and it’s the kind of day that reminds the bears exactly what this stock is capable ... Tesla Rockets 8% as AI5 Milestone and Rare Analyst Upgrade Remind Bears What This Stoc...
Tesla (NASDAQ:TSLA) stock is up 8% in midday trading on Wednesday, rising from $364.20 to $392 as two catalysts hit the tape in quick succession. The move is drawing attention from both sides of a deeply divided investor base, and it’s the kind of day that reminds the bears exactly what this stock is capable ... Tesla Rockets 8% as AI5 Milestone and Rare Analyst Upgrade Remind Bears What This Stock Can Do