hapabapa Google’s ( GOOG ) Waymo robotaxi service is making its service available to all riders in Miami and Orlando, Florida, ending its previous “invite only” model. The company has also begun testing its service on Miami’s highways, adding the Florida metro area to its growing list of cities with highway operations, including Phoenix, San Francisco, and Los Angeles. “Our generalizable Driver, p...
hapabapa Google’s ( GOOG ) Waymo robotaxi service is making its service available to all riders in Miami and Orlando, Florida, ending its previous “invite only” model. The company has also begun testing its service on Miami’s highways, adding the Florida metro area to its growing list of cities with highway operations, including Phoenix, San Francisco, and Los Angeles. “Our generalizable Driver, powered by Waymo’s demonstrably safe AI is what allows us to move confidently from one destination to another. Our progress in Miami and Orlando is a testament to our system’s ability to scale, bringing the future of mobility to more people across more places,” Waymo said on its website . More on Alphabet Alphabet: A Powerful Earnings Beat Likely Coming Again (Earnings Preview) Alphabet: AI-Powered Google Finance Is A Masterstroke Alphabet Stock Defies AI's Gravity Google Cloud partners with Thoma Bravo to advance AI adoption by enterprises Snapshot of Quant and Wall St. ratings for quantum computing stocks after Nvidia's latest push
Here are the companies making headlines in midday trading. Nvidia – Shares of the chip giant popped about 1% as investors plowed money back into tech stocks. Nvidia is on pace for an 11th consecutive winning session, its longest stretch of daily gains on record. Caterpillar – The manufacturer of construction equipment dropped about 5%. Late Tuesday Bloomberg reported , citing people familiar with ...
Here are the companies making headlines in midday trading. Nvidia – Shares of the chip giant popped about 1% as investors plowed money back into tech stocks. Nvidia is on pace for an 11th consecutive winning session, its longest stretch of daily gains on record. Caterpillar – The manufacturer of construction equipment dropped about 5%. Late Tuesday Bloomberg reported , citing people familiar with the matter, that Caterpillar acquired Monarch Tractor, a self-driving electric tractor company. Nike – The sneakers manufacturer advanced more than 3% after the disclosure of key insider buying. CEO Elliott Hill disclosed the purchase of more than 23,000 shares, valued at about $1 million, while director Tim Cook snapped up 25,000 shares for $1.1 million. American Eagle Outfitters – The teen apparel retailer jumped more than 6% as it kicked off its summer campaign with actress Sydney Sweeney, dubbed "Syd for Short: American Eagle Jean Shorts." DoorDash – Shares popped 8% after Barclays called out DoorDash as a near-term beneficiary of autonomous food delivery technology. "In our view, DoorDash is the clear leader in autonomous food-delivery deployment," the firm wrote, noting that DoorDash is also building in-house solutions that will position it ahead of its peers in the space. Shares of Maplebear , parent of Instacart, added nearly 4% in sympathy. Uber Technologies – The ride-sharing company jumped more than 5%. The surge occurred on the heels of a Financial Times report that said Uber has earmarked more than $10 billion toward buying thousands of autonomous vehicles and taking stakes in their developers. Bank of America — The stock gained about 2% after the banking giant posted better-than-expected results for the first quarter . Bank of America earned $1.11 per share on revenue of $30.43 billion. Analysts expected a profit of $1.01 per share on revenue of $29.93 billion. The bank's strong results were bolstered by its equity sales and trading unit. Broadcom — The chipma...
She brought Irish Gaelic to Top of the Pops, featured on soundtracks including Titanic and King Arthur and showed that folk could find pop success • Clannad singer and harpist Moya Brennan dies aged 73 Moya Brennan’s voice was an unusual instrument to arrive in the Top 20 in November 1982, especially on a Top of the Pops episode featuring the very different delights of A Flock of Seagulls, Eddy Gr...
She brought Irish Gaelic to Top of the Pops, featured on soundtracks including Titanic and King Arthur and showed that folk could find pop success • Clannad singer and harpist Moya Brennan dies aged 73 Moya Brennan’s voice was an unusual instrument to arrive in the Top 20 in November 1982, especially on a Top of the Pops episode featuring the very different delights of A Flock of Seagulls, Eddy Grant and one-hit wonders Blue Zoo. As light as a leaf in the air, it provided a sacred counterpoint to the low, looming drones of a Prophet 5 synthesiser, and, in its breathy solo lines, guided the layered harmonies of her Clannad bandmates – her brothers and uncles – to somewhere new. A week later, Theme from Harry’s Game – the closing song on a radical Yorkshire TV series about The Troubles that played out over three consecutive nights – had jumped to No 5 in the charts, the highest ever position for a song sung in Irish Gaelic. The lyrics were about the never-ending cycle of life, and how all things must pass, plucked from a proverb from a book of her grandfather’s, by her brother and bandmate, Ciarán. Even to non-speakers, Brennan’s voice sounded like a new kind of spiritual guide, much needed in the anxious early days of Thatcherism and only a few months after the IRA London park bombings. Her impact also expanded the transportive possibilities of traditional music in film and TV. Brennan’s voice became a mainstay of soundtracks, later among them ITV’s Robin of Sherwood series, Titanic and the 2004 feature film adaptation of King Arthur starring Keira Knightley, entering public consciousness in a way similar to how the avant garde output of the BBC Radiophonic Workshop had in the 1960s. Continue reading...
Solar stocks are generally falling on Wednesday following a report that China is mulling whether to curb exports to the U.S. of advanced solar energy equipment components.
Solar stocks are generally falling on Wednesday following a report that China is mulling whether to curb exports to the U.S. of advanced solar energy equipment components.
Adobe has been putting task-specific AI tools and features into its creative productivity applications like Photoshop, Illustrator, and Premiere at a breakneck pace, but the latest product from the company—a chat-based interface that can handle complex, multi-modal projects across several applications—marks a significant shift in how users can think about its suite of tools. You could imprecisely ...
Adobe has been putting task-specific AI tools and features into its creative productivity applications like Photoshop, Illustrator, and Premiere at a breakneck pace, but the latest product from the company—a chat-based interface that can handle complex, multi-modal projects across several applications—marks a significant shift in how users can think about its suite of tools. You could imprecisely but defensibly call it a sort of "Claude Code for creative apps." On one hand, it's meant to provide experienced creatives with an efficient way to offload mundane tasks across multiple apps. On the other, it's meant to reduce the "barrier to entry" for inexperienced or casual users, in the wake of tool complexity that the company says has previously "widened the gap between idea and output." Adobe has offered chat-based prompts within individual apps before and in other Firefly interfaces. It has also offered access to generative models under the Firefly brand before. What's different here is that Firefly AI Assistant (as they call this new interface) promises to work across numerous Adobe Creative Cloud apps and to actually orchestrate workflows across them, checking in regularly with the user for suggestions and questions. As with similar tools we've already seen for programming and the like, users can interject mid-task with clarifications or additional information. Read full article Comments
maselkoo99/iStock via Getty Images This is my fourth BioMarin ( BMRN ) article following 01/2025's "BioMarin Pharmaceuticals: Share Downdraft Combined With VOXZOGO Potential Makes A Buy". In the interim BioMarin has dropped >12%. In this article I evaluate its progress over the intervening period and rate its current investment merits. BioMarin has a solid rare disease franchise. Overview In its l...
maselkoo99/iStock via Getty Images This is my fourth BioMarin ( BMRN ) article following 01/2025's "BioMarin Pharmaceuticals: Share Downdraft Combined With VOXZOGO Potential Makes A Buy". In the interim BioMarin has dropped >12%. In this article I evaluate its progress over the intervening period and rate its current investment merits. BioMarin has a solid rare disease franchise. Overview In its latest 10-K BioMarin's table of total revenues and disaggregated net product revenues set out below provides a useful rundown of its most recently reported revenues: Seeking Alpha This table shows a nice spread of revenue generating products the bulk of which are showing modest near term revenue gains. VOXZOGO (vosoritide) in treatment of achondroplasia As described in its 10-K VOXZOGO is a once daily injection; it is approved for marketing in both the US and Japan for the treatment of achondroplasia in children with open growth plates of all ages. In the EU its treatment is limited to children four months and older; its age limits in other ex-US markets varies from place to place. Slide 12 below from BioMarin's Q4/2025 slide deck provides both a VOXZOGO revenue bar chart and updates on its 2026 development plans: BioMarin presentation I urge special attention to the following extract from the bottom right of this slide: sNDA submission for full approval of VOXZOGO expected Q2’26, leveraging extensive safety and efficacy data package As noted in the FDA release announcing approval of VOXZOGO. it: ...approved Voxzogo under the accelerated approval pathway, which allows for earlier approval of drugs that treat serious conditions and fill an unmet medical need, based on a surrogate or intermediate clinical endpoint. A condition of this accelerated approval is a post-marketing study that will assess final adult height. Two recent articles include available data to support BioMarin's VOXZOGO's sNDA; these include: an 08/02/2021 article "Safe and persistent growth-promoting effect...
Alistair Berg/DigitalVision via Getty Images GAAP earnings, despite popular opinion, don’t accurately measure profits. Companies can, and do, manipulate GAAP earnings through accounting rule loopholes. To find a “better” metric, investors turn to non-GAAP, whisper numbers, or Street Earnings* to get additional insight into a company’s true fundamentals. But, those numbers are, in fact, also proven...
Alistair Berg/DigitalVision via Getty Images GAAP earnings, despite popular opinion, don’t accurately measure profits. Companies can, and do, manipulate GAAP earnings through accounting rule loopholes. To find a “better” metric, investors turn to non-GAAP, whisper numbers, or Street Earnings* to get additional insight into a company’s true fundamentals. But, those numbers are, in fact, also proven to be misleading. The Real Solution Rather than rely on flawed GAAP or Street Earnings, we use FinSights, our AI agent built by Google Cloud, to find companies most likely to beat Street earnings. Like all of our research, FinSights is fueled by the proprietary data from our Robo-Analyst AI, which analyzes the footnotes of financial filings to calculate Core Earnings, a proven superior measure of earnings. In this report, we’ll show: The frequency and magnitude of understated GAAP Earnings in the S&P 500, Street Earnings are flawed and misleading, How Core Earnings generate novel alpha, and The five S&P 500 companies most likely to beat Street estimates next quarter. GAAP Earnings Understate Core Earnings for Nearly Two-Thirds of the S&P 500 In the trailing-twelve-months (TTM) as of 3/24/26, 64% of the companies in the S&P 500 reported GAAP Earnings that are lower than Core Earnings. These 322 companies with understated GAAP Earnings make up 47% of the market cap of the S&P 500 as of March 24, 2026. The median amount that GAAP Earnings understate Core Earnings is 11%, per Figure 1. Figure 1: Median S&P 500 GAAP Earnings Understated by 11% Image created by author with data from company flings S&P 500 Companies Most Likely to Beat Calendar 1Q26 Earnings Figure 2 shows the S&P 500 companies with an Attractive or Very Attractive Stock Rating and Beat or Strong Beat Street Earnings Distortion Score that are likely to beat calendar 1Q26 earnings because their Street EPS estimates are too low. Stocks in Figure 2 are ranked by Street Earnings Distortion Capture, which is the diffe...
spawns/iStock via Getty Images We have covered the precious metals sector recently, focusing on speculative appetites , conspiracy theories and structural surpluses . We have even played on a few mining companies from the long side. While there is money to be made here, it has to be done with prudence. Investors basking in the recent bull market might have forgotten just how traumatic this sector ...
spawns/iStock via Getty Images We have covered the precious metals sector recently, focusing on speculative appetites , conspiracy theories and structural surpluses . We have even played on a few mining companies from the long side. While there is money to be made here, it has to be done with prudence. Investors basking in the recent bull market might have forgotten just how traumatic this sector can be for the long-run. For example the Gold BUGS index delivered negative returns between 2011 and 2025. It took the recent parabolic move to breach 2011 price levels. Data by YCharts Similarly, some of the very longstanding gold companies have radically underperformed gold, since the beginning of record keeping. Data by YCharts With that said, we are going to dive into an unusual setup. The unusual aspect is that it offers a rather high leverage on gold price and functions as a long dated option. Kinross Gold ( KGC ) ( K:CA ) Kinross has a diversified base of operations producing close to 2 million ounces of gold in North America, South America and Africa. KGC Presentation Like most other gold miners, Kinross is minting cash at today's metal prices. KGC Presentation The unsual aspect about the strength of gold prices has been that this is the first time that the gold miners have got such strong balance sheets. Kinross had a net cash position of over a billion dollars at the end of 2025 and today it is definitely higher than that. KGC Presentation Kinross is of course the protagonist of our story, but only indirectly. If anyone wants a true and complete picture of the company, you have to read the only gold analyst who knows what the sector is about. You can do that here. We will move on to the main focus of our story. Kinross Gold Corporation RT EXP 022432- CVRs ( KGCRF ) About 4 years back, Kinross completed the acquisition of Great Bear Resources Ltd. To satisfy the FOMO crowd, they had to throw in a little deal sweetener alongside the regular premium. This sweetener c...
Earnings Call Insights: First Horizon Corporation (FHN) Q1 2026 Management View “We started 2026 with strong momentum,” said “we delivered our third straight quarter of 15% or greater adjusted ROTCE in line with our expectations, fueled by strong C&I client growth and relationship-focused client activity across our markets” (Chairman, President & CEO D. Jordan). Management emphasized relationship ...
Earnings Call Insights: First Horizon Corporation (FHN) Q1 2026 Management View “We started 2026 with strong momentum,” said “we delivered our third straight quarter of 15% or greater adjusted ROTCE in line with our expectations, fueled by strong C&I client growth and relationship-focused client activity across our markets” (Chairman, President & CEO D. Jordan). Management emphasized relationship banking execution and competitive discipline, with CEO Jordan saying, “We’re not playing solitaire. Competition is active, but our associates are protecting our base and winning with exceptional service and value,” and adding, “We expect that discipline, along with healthy C&I demand and the strength of our markets to drive revenue growth as the year progresses” (Chairman, President & CEO Jordan). The quarter’s profitability and balance-sheet strategy were framed by CFO Hope Dmuchowski: “We started 2026 with great momentum, including earnings per share of $0.53,” alongside “net interest income 6% year-over-year,” and “a return on average assets of 1.30%” (Senior EVP & CFO Hope Dmuchowski). Outlook Management said it “continue[s] to maintain our full year outlook,” and reiterated a revenue framework, with an analyst referencing “the 3% to 7% revenue guide,” as CFO Dmuchowski described outcomes driven by mix across fee income and net interest income rather than a single path (Senior EVP & CFO Dmuchowski). CFO Dmuchowski described deposit-cost dynamics as seasonal and rate-path dependent: “I do think that deposit costs will slightly trend up in Q2 and Q3 if we don’t see a rate cut,” and added that Q2 typically brings “more new-to-bank acquisitions,” noting, “that is in our guidance” (Senior EVP & CFO Dmuchowski). CEO Jordan outlined flexibility around capital levels, stating, “we’re comfortable with the 10.5%,” while also saying, “we have a bias where we believe that we can operate the organization on a lower CET1 ratio… And over time, we will get there” (Chairman, President &...
As the country’s biggest housebuilder cuts land buying and the Iran war pushes up costs, setting an ambitious figure appears even more foolish This is what the government didn’t want to hear when its target to build 1.5m new homes in England during this parliament already looked out of reach. The country’s biggest housebuilder is trimming its purchases of new land because the Iran war has created ...
As the country’s biggest housebuilder cuts land buying and the Iran war pushes up costs, setting an ambitious figure appears even more foolish This is what the government didn’t want to hear when its target to build 1.5m new homes in England during this parliament already looked out of reach. The country’s biggest housebuilder is trimming its purchases of new land because the Iran war has created “a less certain backdrop”. Barratt Redrow’s “disciplined approach” isn’t a downing of tools, it should be said. The company had previously expected to buy between 10,000 and 12,000 plots; now it will acquire between 7,000 and 9,000. In money terms, it equates to about £100m less from a £800m-£900m budget. It is a scaling-back, as opposed to the outright halt to buying new land that London-focused Berkeley Group announced a couple of weeks ago . Continue reading...
LPETTET Brunswick Corporation ( BC ) issued an update on its tariff situation on Wednesday. The Illinois-based company said the recent amendments to Section 232 tariffs on U.S. imports of steel, aluminum, and copper are anticipated to have a de-minimis impact on Brunswick's ( BC ) consolidated financial results. It was noted that Brunswick's (CS) diversified manufacturing footprint is a factor. Lo...
LPETTET Brunswick Corporation ( BC ) issued an update on its tariff situation on Wednesday. The Illinois-based company said the recent amendments to Section 232 tariffs on U.S. imports of steel, aluminum, and copper are anticipated to have a de-minimis impact on Brunswick's ( BC ) consolidated financial results. It was noted that Brunswick's (CS) diversified manufacturing footprint is a factor. Looking ahead, Brunswick ( BC ) said it will provide additional information on its first-quarter earnings call on April 30. Shares of Brunswick ( BC ) were down 2.2% in early afternoon action. The marine recreation stock is up more than 75% over the last 52 weeks. More on Brunswick Brunswick Corporation (BC) Presents at 47th Annual Raymond James Institutional Investor Conference - Slideshow Brunswick Corporation (BC) Presents at 47th Annual Raymond James Institutional Investor Conference Transcript Brunswick: Economic Woes Justify Caution (Downgrade) Jefferies likes these consumer stocks if the Iran conflict is resolved Brunswick is upgraded by Texas Capital due to 'attractive' valuation
The much-travelled politician, who has also been a member of Ukip, will stand for election to Thurrock council At first he was a Tory councillor, before switching to Labour. Then came a stint in Ukip, followed by a return to the Conservatives that ended in ignominy amid a row over trees. And now, the much-travelled Richard Bingley is representing Reform. If Bingley is elected to Thurrock council i...
The much-travelled politician, who has also been a member of Ukip, will stand for election to Thurrock council At first he was a Tory councillor, before switching to Labour. Then came a stint in Ukip, followed by a return to the Conservatives that ended in ignominy amid a row over trees. And now, the much-travelled Richard Bingley is representing Reform. If Bingley is elected to Thurrock council in Essex on 7 May, it will represent something of a resurrection for the man with a case for being Britain’s most ideologically free-ranging politician, coming three years after he quit as leader of another council – Plymouth. Continue reading...