We’ve had swicy. We’ve had swavoury. Now a new fusion of flavours is flying off the shelves. So what do these South American-inspired drinks and dishes actually taste like? When the balance of fruit and spicy flavours is right, “I love it,” a fellow customer at a dessert cafe in London tells me as we wait to be served. It’s 26-year-old Hannah’s third time visiting Mango Twist in Seven Sisters, whi...
We’ve had swicy. We’ve had swavoury. Now a new fusion of flavours is flying off the shelves. So what do these South American-inspired drinks and dishes actually taste like? When the balance of fruit and spicy flavours is right, “I love it,” a fellow customer at a dessert cafe in London tells me as we wait to be served. It’s 26-year-old Hannah’s third time visiting Mango Twist in Seven Sisters, which sells South American-inspired slushies and fruit bowls. She’s here, like me, to order one of its “fricy” (fruity and spicy) offerings: the “Volcano” slushie, which is the cafe’s take on the traditional Mexican chamoyada , a mango and chilli drink. Hannah has family in the US, so is familiar with the Mexican sweet treats that are commonly available there; as a child she was “obsessed” with the flavours. So when she found out about Mango Twist, “I was like, ‘I need to come here,’” she says. Continue reading...
Plenty of women watch the men’s tournament but are yet to translate fandom to the women’s game – will that change this summer? The NWSL’s 14th regular season wrapped up match week 10 of 27 over the weekend, officially commencing a month-long break to honor the terms of their collective bargaining agreement (which stipulates a week-long intermission during the season) and a pause from play for the ...
Plenty of women watch the men’s tournament but are yet to translate fandom to the women’s game – will that change this summer? The NWSL’s 14th regular season wrapped up match week 10 of 27 over the weekend, officially commencing a month-long break to honor the terms of their collective bargaining agreement (which stipulates a week-long intermission during the season) and a pause from play for the opening phase of the men’s World Cup. So, how will the World Cup break affect the NWSL? And could it provide a boost to the league? This is an extract from our free email about women’s football, Moving the Goalposts. To get the full edition, visit this page and follow the instructions . Moving the Goalposts will be sent out once a week, on Wednesdays, in the close season but will be back on Tuesdays and Thursdays from September. Continue reading...
Private credit’s getting into the luxury car business. Fasanara Capital is starting a platform to finance vintage, racing and classic cars made by luxury brand Ferrari. The venture which includes Mattioli Automotive Group and Enzo Mattioli Ferrari, a member of the eponymous family, will also selectively buy, restore and resell rare vehicles. The manufacturer is not involved in the venture. The len...
Private credit’s getting into the luxury car business. Fasanara Capital is starting a platform to finance vintage, racing and classic cars made by luxury brand Ferrari. The venture which includes Mattioli Automotive Group and Enzo Mattioli Ferrari, a member of the eponymous family, will also selectively buy, restore and resell rare vehicles. The manufacturer is not involved in the venture. The lending vehicle has been seeded with about $75 million in initial capital and the London-based hedge fund expects to raise about $500 million over two years for the strategy, Fasanara Capital Chief Executive Officer Francesco Filia said in an interview. The initiative is part of a push by private credit lenders into some of the most exotic corners of alternative finance. Once largely focused on real estate and corporate loans, increasing competition is leading the debt providers to diversify into assets backed by everything from fine wine to music royalties and football players’ transfer fees. Read more: Wine, Music and Jets Draw Scrutiny of Asset-Backed Private Debt June 3 | 9:15 a.m. - 12:50 p.m. ET Bloomberg News and Bloomberg Television are gathering some of finance’s most influential voices to explore where debt markets head next amid war, tariffs and higher-for-longer interest rates. See the full agenda here . Watch live on June 3, starting at 9:15 a.m. by clicking here . You can also follow our live blog here . Fasanara’s partners in the venture will provide the opportunities to do lending deals as well as expertise around the cars, while the hedge fund will underwrite, structure and do legal work for the financings. Founded in 2011, the firm specializes in alternative and systematic investment strategies. Fasanara manages about $5.7 billion across nearly 200 multistrategy-style pods including asset-based finance, consumer loans, CLOs and sports loans. Pods are teams of specialists who operate mini-businesses within a larger firm. The lending platform pod came about aft...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first Just as the AI tools they produce are upending how companies do business, three giant IPOs are changing everything about how Wall Street is wired. SpaceX’s record $75 bi...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first Just as the AI tools they produce are upending how companies do business, three giant IPOs are changing everything about how Wall Street is wired. SpaceX’s record $75 billion stock sale has allowed it to boss banks into accepting fees of 0.75% for the privilege of getting the mandate. That’s a fraction of the 4% to 7% companies traditionally pay to go public — but with about $500 million up for grabs, banks are willing to take the hit. And it’s not only SpaceX management squeezing the finance industry. More than 1,000 current and former employees of the Elon Musk company have banded together to negotiate with wealth management firms for better pricing. The IPO is set to turn many of them into multi-millionaires. The deal may be a preview of what’s to come for AI investment bankers. Anthropic, which in May raised funds at a valuation approaching $1 trillion, this week submitted draft paperwork for a public listing . And OpenAI might not be far behind. The AI boom is creating a generation of private companies that have amassed unprecedented amounts of capital before approaching public markets. The AI era is set to enrich Wall Street in a way different from previous technology booms. For the big banks, the future may be a business of lower margins but much bigger opportunities — a trade-off they’ll happily accept if the coming wave of AI IPOs lives up to the hype. For all the ways in which SpaceX is rewriting the rules of Wall Street, see our Big Take from earlier this week. The following was produced with the assistance of Bloomberg Automation. Banking & Finance Nvidia CEO Jensen Huang told representatives from financial institutions and wealthy family offices at a closed-door event in Taipei that AI investments now offer “insane” returns , ...
Schroptschop/E+ via Getty Images Alberta will become the second Canadian province after Ontario to allow regulated sports betting and iGaming launches on July 13. The province has a population of roughly 5.1M and a strong sports culture anchored by NHL, CFL, and MLS franchises. The province has modeled its framework closely on Ontario's successful open-market structure, with a new government body,...
Schroptschop/E+ via Getty Images Alberta will become the second Canadian province after Ontario to allow regulated sports betting and iGaming launches on July 13. The province has a population of roughly 5.1M and a strong sports culture anchored by NHL, CFL, and MLS franchises. The province has modeled its framework closely on Ontario's successful open-market structure, with a new government body, the Alberta iGaming Corporation, overseeing the licensing process. After the Alberta Gaming, Liquor and Cannabis Commission confirmed the June date in a letter to stakeholders, it set off a scramble among major gaming brands to secure licensing ahead of opening day. Roughly 35 applications are currently being vetted by the commission. FanDuel ( FLUT ), DraftKings ( DKNG ), Caesars Entertainment ( CZR ), BetMGM ( MGM ) ( GMVHF ), and Bet365 are among the operators confirmed or expected to go live on the first day operations are allowed. Other brands expected at or near launch include PointsBet Canada, BetRivers, Betway, theScore Bet, NorthStar, and Betty. DraftKings ( DKNG ) announced in April that Alberta will mark its 34th North American jurisdiction for online sports betting, pending final regulatory approval. TheScore Bet and Caesars ( CZR ) have already opened pre-registration for Alberta residents, though no deposits or wagers are permitted until July 13. Notably, licensed operators will pay 20% of gross gaming revenue to the province, with 2% directed toward First Nations initiatives and 1% toward responsible gambling programs. PlayAlberta, the province's only current licensed platform, recorded over $275M in net sales during its last fiscal year, signaling the market may have potential for established operators. More on the sports betting sector DraftKings: Prediction Markets Are Eating This Company's Lunch (Rating Downgrade) Is The Market Mispricing Flutter Entertainment On FanDuel Concerns? Flutter Entertainment: Attractive Entry Point Highest and lowest quant-rat...
Commodity Markets Are Living On Borrowed Time Authored by Helen Thomas via City AM , Governments and industry have softened the impact of energy and commodity supply disruptions by releasing reserves, reducing inventories, and increasing operational flexibility. These measures are temporary, and continued inventory drawdowns are pushing oil and metal markets toward historically tight conditions. O...
Commodity Markets Are Living On Borrowed Time Authored by Helen Thomas via City AM , Governments and industry have softened the impact of energy and commodity supply disruptions by releasing reserves, reducing inventories, and increasing operational flexibility. These measures are temporary, and continued inventory drawdowns are pushing oil and metal markets toward historically tight conditions. Once inventories become critically low, higher prices may become the primary mechanism for balancing supply and demand, leading to weaker economic growth and lower consumption. Commodity markets have spent the past three months performing an extraordinary balancing act. Despite one of the most significant disruptions to global energy flows in decades, the global economy has continued to function remarkably smoothly. After an initial spike, prices for several key commodities have stabilised or even eased. Yet this apparent calm is deceptive. The reason the system has held together is due to governments, producers and consumers drawing down the buffers that normally protect the global economy from disruption. Those buffers are now approaching dangerous limits. Inventories are being depleted at a remarkable pace. Global oil stockpiles have fallen to levels that senior industry executives describe as unprecedented. Aluminium markets are facing a similar squeeze. Bloomberg recently calculated that combined stockpiles tracked by the London Metal Exchange, CME Group and the Shanghai Futures Exchange would cover less than five days of global supply. The surprising resilience of commodity prices reflects the fact that the global economy has proved far more adaptable than many expected. Strategic reserves have been deployed on a large scale. The United States and Japan have both released oil from emergency stockpiles to cushion the loss of supply. American jet fuel output has reached record levels. Even China has managed to reduce crude imports without any obvious drawdown of its stra...
Meta Platforms (NASDAQ:META) has lost its bid to challenge the European Union’s decision to classify its Messenger service as a gatekeeper under the Digital Markets Act (DMA), after a ruling by the EU’s General Court in Luxembourg. The judgment reinforces regulatory obligations imposed on the messaging platform and marks another setback for Meta in its efforts to contest the EU’s stricter oversigh...
Meta Platforms (NASDAQ:META) has lost its bid to challenge the European Union’s decision to classify its Messenger service as a gatekeeper under the Digital Markets Act (DMA), after a ruling by the EU’s General Court in Luxembourg. The judgment reinforces regulatory obligations imposed on the messaging platform and marks another setback for Meta in its efforts to contest the EU’s stricter oversight of large technology companies.
Intuitive Machines ( LUNR ) filed a prospectus supplement to offer up to $500M of Class A common stock through an at-the-market offering. The company will sell shares through ten agents, including Barclays and Cantor Fitzgerald. Agents will receive compensation of up to 3% of gross proceeds from sales. The shares will be sold at prevailing market prices on Nasdaq under the symbol LUNR. Net proceed...
Intuitive Machines ( LUNR ) filed a prospectus supplement to offer up to $500M of Class A common stock through an at-the-market offering. The company will sell shares through ten agents, including Barclays and Cantor Fitzgerald. Agents will receive compensation of up to 3% of gross proceeds from sales. The shares will be sold at prevailing market prices on Nasdaq under the symbol LUNR. Net proceeds will purchase equivalent OpCo common units from the operating company (Intuitive Machines, LLC). LUNR shares fell -7% premarket to $36.99. More on Intuitive Machines Intuitive Machines: A Growth Story That Still Needs To Prove Itself Intuitive Machines, Inc. 2026 Q1 - Results - Earnings Call Presentation Intuitive Machines Set To Launch In The Space Race AST SpaceMobile sinks 18%, leading space stocks lower after Blue Origin rocket explosion Intuitive Machines tumbles after NASA picks rivals for lunar rover work
andresr A screen of U.S. materials stocks with market capitalizations between $300M and $2B highlights several small-cap companies , including among the market's most expensive names based on valuation grades. Seeking Alpha's valuation grade compares how expensive or cheap a stock is relative to others in its specific sector. The score is calculated using a comprehensive combination of underlying ...
andresr A screen of U.S. materials stocks with market capitalizations between $300M and $2B highlights several small-cap companies , including among the market's most expensive names based on valuation grades. Seeking Alpha's valuation grade compares how expensive or cheap a stock is relative to others in its specific sector. The score is calculated using a comprehensive combination of underlying valuation metrics—including P/E, PEG, EV/Sales, EV/EBITDA, EV/EBIT, Price/Sales, Price/Book, Price/Cash Flow, and dividend yield—factoring in both current and forward estimates. The overall valuation grade is derived from a comparison of all underlying metrics and reflects how attractively the stock is priced compared to its sector peers. Most expensive U.S. materials stock by valuation grade (market cap between $300M and $2B ): American Battery Technology Company ( ABAT ): Valuation Grade C Amerigo Resources ( ARREF ): Valuation Grade C Avino Silver & Gold Mines ( ASM ): Valuation Grade C ASP Isotopes ( ASPI ): Valuation Grade C Idaho Strategic Resources ( IDR ): Valuation Grade C Standard Lithium ( SLI ): Valuation Grade C Critical Metals Corp. ( CRML ): Valuation Grade C- Lifezone Metals ( LZM ): Valuation Grade C- Metalla Royalty & Streaming ( MTA ): Valuation Grade C- Suncrete ( RMIX ): Valuation Grade C- More on related tickers, etc. ASP Isotopes: The Long Road From Isotopes To Income American Battery Technology: The First Positive Gross Margin Under The Dilution Treadmill ASP Isotopes Inc. (ASPI) Discusses Transition to Commercial Production, Market Expansion, and Critical Materials Platform - Slideshow ALTO, NEXA top small-cap materials stocks ranked by quant metrics after earnings ASP Isotopes surges on restart of Silicon-28 enrichment plant; commercial shipments seen in Q3