GCShutter/iStock via Getty Images The bottom 60% of American households are financially worse off than they were two years ago, a situation that could spell disaster for Republicans in the upcoming midterm elections, according to Meredith Whitney, CEO of Meredith Whitney Advisory Group. “It is clear for the bottom 60% of households that they’re worse off than they were two years ago,” Whitney said...
GCShutter/iStock via Getty Images The bottom 60% of American households are financially worse off than they were two years ago, a situation that could spell disaster for Republicans in the upcoming midterm elections, according to Meredith Whitney, CEO of Meredith Whitney Advisory Group. “It is clear for the bottom 60% of households that they’re worse off than they were two years ago,” Whitney said in an interview with CNBC, adding that these voters originally supported Trump as a referendum on their economic conditions four years prior. Whitney pointed to alarming signs that lower-income Americans are “barely living paycheck to paycheck.” She highlighted the explosive growth in earned wage access programs, where employees pay fees to receive their wages early rather than waiting for their regular paychecks. “If you work at Walmart and you can’t wait two weeks to get your paycheck, you’ll pay a fee to access the pay that you’ve gotten for three days,” Whitney explained, calling it “not a good sign” for consumer health. The financial strain on these households is compounded by a significant pullback in subprime lending, which has cut off traditional credit access for many Americans. Whitney noted that this leaves consumers with “zero wiggle room” when facing financial emergencies. As a result, they are forced to seek out more expensive forms of liquidity, creating a cycle that puts even greater strain on already stretched budgets. This economic reality could translate into significant political consequences, Whitney warned. “Unless the Republicans can pull a rabbit out of the hat, this is going to be a very big referendum against them in the midterms,” she said, predicting a potential “major, major landslide” defeat for the party. Whitney also raised concerns about the stability of the current administration, suggesting that officials may begin leaving before the midterms if they sense a significant electoral defeat is coming. She expressed worry about the “unpredicta...
A small community in the Arizona desert has broken a record for the highest March temperature ever recorded in the US, as the south-west bakes in a blistering late-winter heatwave. The astonishing temperature was recorded just outside Martinez Lake, Arizona, which reached 110F (43.3C) on Thursday, according to the National Weather Service. The community is about 145 miles (233km) west of Phoenix a...
A small community in the Arizona desert has broken a record for the highest March temperature ever recorded in the US, as the south-west bakes in a blistering late-winter heatwave. The astonishing temperature was recorded just outside Martinez Lake, Arizona, which reached 110F (43.3C) on Thursday, according to the National Weather Service. The community is about 145 miles (233km) west of Phoenix and sits on the Arizona-California border, in the Yuma desert. The previous record of 108F (42.2 C) had been set in Rio Grande City, Texas, in 1954 and was tied on Wednesday by the tiny desert community of North Shore, California. By Thursday, several more California locations had hit 108F (42.2 C). Among them were Cathedral City, near the desert destination of Palm Springs, and the town of Thermal, north-east of San Diego. The triple-digit temperatures came on the last day of winter. Thermal was forecast to hit 110F (43.3 C) on Friday and could tie the record. “For some perspective, the average first 105F day of the year normally occurs on May 22nd,” the NWS said in a statement. The blistering wave of heat this week has established record highs in dozens of locations, including Phoenix, San Diego, Los Angeles, Las Vegas and San Francisco. Ruben Pantaleon, as he used a squeegee to clean car windshields at an intersection in Thermal on Thursday afternoon, said the heat did not bother him. He wore shorts and had a supply of electrolyte drinks on hand. “I drank three of those so far,” he said under the blaring sun. “It’s the desert. It gets real hot. I’m not worried about it.” Several cities on Thursday experienced their hottest March day on record, according to the NWS. Phoenix reached 105F (40.6 C), surpassing the previous record of 102F (38.9 C) set on Wednesday. Wednesday also marked the earliest day of triple-digit temperatures in Phoenix. The last time Phoenix temperatures climbed above 100F during March was almost 40 years ago. Hiking trails around the city were closed o...
Kalshi Inc. was temporarily barred by a judge from offering its prediction market contracts in Nevada, after state regulators said the company didn’t have a gaming license. State court Judge Julie Harkleroad in Carson City signed a temporary restraining order Friday blocking Kalshi event contracts for sports, election and entertainment, according to a copy of the order provided by the Nevada Gamin...
Kalshi Inc. was temporarily barred by a judge from offering its prediction market contracts in Nevada, after state regulators said the company didn’t have a gaming license. State court Judge Julie Harkleroad in Carson City signed a temporary restraining order Friday blocking Kalshi event contracts for sports, election and entertainment, according to a copy of the order provided by the Nevada Gaming Control Board. The judge set a hearing in the case for April 3.
The Trade Desk (TTD +1.32%) was once a hot growth stock, but it's declined nearly 70% over the past five years and is now trading near a multi-year low. Let's see why this adtech leader lost its luster -- and why it might be a good buying opportunity for contrarian investors. What does The Trade Desk do? The Trade Desk operates the world's largest independent demand-side platform (DSP) for digital...
The Trade Desk (TTD +1.32%) was once a hot growth stock, but it's declined nearly 70% over the past five years and is now trading near a multi-year low. Let's see why this adtech leader lost its luster -- and why it might be a good buying opportunity for contrarian investors. What does The Trade Desk do? The Trade Desk operates the world's largest independent demand-side platform (DSP) for digital ads. DSPs sell advertising space for automated ads on desktop, mobile, and connected TV (CTV) platforms. They usually work with sell-side platforms (SSPs), which help publishers sell their ad inventory. Big tech companies like Meta Platforms (META 2.39%) and Alphabet's (GOOG 2.34%) (GOOGL 2.20%) Google often bundle together DSPs, SSPs, and other adtech tools in their digital advertising platforms. However, they usually lock those advertisers and publishers into their own walled gardens of websites and apps. To break out of those ecosystems and reach the "open internet", advertisers often turn to independent DSPs. Expand NASDAQ : TTD The Trade Desk Today's Change ( 1.32 %) $ 0.31 Current Price $ 23.82 Key Data Points Market Cap $11B Day's Range $ 23.20 - $ 24.47 52wk Range $ 21.08 - $ 91.45 Volume 400K Avg Vol 17M Gross Margin 78.63 % To serve those customers, The Trade Desk offers Solimar, its unified platform for analyzing data, and Kokai, its AI-powered platform for planning, bidding, campaign optimization, and ad measurement tools. It's also been rolling out its Unified ID 2.0 (UID2) solution, which replaces traditional cookies on websites, and its new Ventura smart TV OS, which hosts its own ads. It's even bypassing SSPs with OpenPath, a platform that directly connects advertisers to publishers. Why did The Trade Desk's stock decline? From 2020 to 2025, its revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew at CAGRs of 28% and 33%, respectively. Most of that growth was driven by its CTV business, which profited from the g...
Key Points The Trade Desk’s stock has stumbled over the past few years. It finally looks attractively valued relative to its long-term growth potential. 10 stocks we like better than The Trade Desk › The Trade Desk (NASDAQ: TTD) was once a hot growth stock, but it's declined nearly 70% over the past five years and is now trading near a multi-year low. Let's see why this adtech leader lost its lust...
Key Points The Trade Desk’s stock has stumbled over the past few years. It finally looks attractively valued relative to its long-term growth potential. 10 stocks we like better than The Trade Desk › The Trade Desk (NASDAQ: TTD) was once a hot growth stock, but it's declined nearly 70% over the past five years and is now trading near a multi-year low. Let's see why this adtech leader lost its luster -- and why it might be a good buying opportunity for contrarian investors. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » What does The Trade Desk do? The Trade Desk operates the world's largest independent demand-side platform (DSP) for digital ads. DSPs sell advertising space for automated ads on desktop, mobile, and connected TV (CTV) platforms. They usually work with sell-side platforms (SSPs), which help publishers sell their ad inventory. Big tech companies like Meta Platforms (NASDAQ: META) and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google often bundle together DSPs, SSPs, and other adtech tools in their digital advertising platforms. However, they usually lock those advertisers and publishers into their own walled gardens of websites and apps. To break out of those ecosystems and reach the "open internet", advertisers often turn to independent DSPs. To serve those customers, The Trade Desk offers Solimar, its unified platform for analyzing data, and Kokai, its AI-powered platform for planning, bidding, campaign optimization, and ad measurement tools. It's also been rolling out its Unified ID 2.0 (UID2) solution, which replaces traditional cookies on websites, and its new Ventura smart TV OS, which hosts its own ads. It's even bypassing SSPs with OpenPath, a platform that directly connects advertisers to publishers. Why did The Trade Desk's stock decline? From 2020 to 2025, its revenue and a...
DKosig/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Eaton Vance Tax-Managed Buy-Write Income Fund ( ETB ) is a closed-end fund that provides investors with exposure to an S&P 500 Index-like portfolio and applies a call writing strategy. These short calls are against the S&P 500 Index itself and can provide some option premiums to help fuel the monthly distr...
DKosig/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Eaton Vance Tax-Managed Buy-Write Income Fund ( ETB ) is a closed-end fund that provides investors with exposure to an S&P 500 Index-like portfolio and applies a call writing strategy. These short calls are against the S&P 500 Index itself and can provide some option premiums to help fuel the monthly distribution, along with capital gains from the underlying portfolio. Primarily, in a rising market, the distribution will be covered through the underlying capital gains in the portfolio rather than the actual option premiums. Since our last update , the fund has provided solid total returns. It has nearly matched the S&P 500 Index itself, despite being a call-writing fund. Which most investors know, the call writing strategy can lead to underperformance. This occurs primarily in a sharply rising market, which we actually saw. Even further, the fund's discount has widened a touch since our last update—meaning the actual underlying total returns from the portfolio would have exceeded its total share price return. ETB Performance Since Prior Update (Seeking Alpha) ETB Basics 1-Year Z-score: -1.00 Discount/Premium: -7.22% Distribution Yield: 8.59% Expense Ratio: 1.11% Leverage: N/A. Managed Assets: $480.71 million Structure: Perpetual ETB's investment objective is “to provide current income and gains, with a secondary objective of capital appreciation.” To achieve that objective, they'll focus on a diversified portfolio of common stocks and write call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio to seek to generate current earnings from the option premium. Performance Comparison ETB targets a near 100% overwrite of their notional value. Given that, it can limit the upside potential when the market rises sharply, as the upside can be capped. So this is something to be aware of, and is one of the cons of call writing funds—t...
Rocket Lab (NASDAQ: RKLB) may be the less flashy name in this comparison, but that's exactly what makes the story so compelling. As AST SpaceMobile (NASDAQ: ASTS) captures attention with a massive vision, Rocket Lab's stronger fundamentals, better diversification, and lower valuation risk could make it the more durable winner. Stock prices used were the market prices of March 13, 2026. The video w...
Rocket Lab (NASDAQ: RKLB) may be the less flashy name in this comparison, but that's exactly what makes the story so compelling. As AST SpaceMobile (NASDAQ: ASTS) captures attention with a massive vision, Rocket Lab's stronger fundamentals, better diversification, and lower valuation risk could make it the more durable winner. Stock prices used were the market prices of March 13, 2026. The video was published on March 19, 2026. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Should you buy stock in Rocket Lab right now? Before you buy stock in Rocket Lab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rocket Lab wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $494,747!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,094,668!* Now, it’s worth noting Stock Advisor’s total average return is 911% — a market-crushing outperformance compared to 186% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of March 20, 2026. Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile and Rocket Lab. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their ...
Key Points Novo Nordisk unveiled a troubling guidance for 2026, which tanked the stock. It recently reached a deal with telehealth company Hims & Hers Health to sell its GLP-1 products. The stock is trading at just 10 times its earnings. 10 stocks we like better than Novo Nordisk › Shares of Danish drugmaker Novo Nordisk (NYSE: NVO) have been in a full-blown tailspin over the past 12 months. The s...
Key Points Novo Nordisk unveiled a troubling guidance for 2026, which tanked the stock. It recently reached a deal with telehealth company Hims & Hers Health to sell its GLP-1 products. The stock is trading at just 10 times its earnings. 10 stocks we like better than Novo Nordisk › Shares of Danish drugmaker Novo Nordisk (NYSE: NVO) have been in a full-blown tailspin over the past 12 months. The stock has lost more than half of its value as the company has been delivering some underwhelming results recently, and its guidance isn't looking too promising, either. It's been a bit of a perfect storm that has resulted in Novo Nordisk stock now tumbling to levels it hasn't been at since early 2021. That's even before its weight loss drug, Wegovy, obtained approval from regulators, which was in the summer of that year. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » To say investors have been bearish on Novo Nordisk would be an understatement. But the big question is, has the bearishness become excessive, and has the healthcare stock become so cheap that it's effectively become a no-brainer buy? Novo Nordisk may be down, but I wouldn't count it out It's a tough road ahead for Novo Nordisk as the company has a new CEO, and it slashed its guidance for the year ahead. It projects that its revenue could be down by as much as 13% for the current year, even as it has launched a new Wegovy pill. The company is facing pricing pressure, but management believes that by lowering prices, winning over customers, and gaining market share, it could set itself up for better growth in the future. Novo Nordisk has also reached a deal with telehealth company Hims & Hers Health recently to sell its GLP-1 products on Hims' platform, which could help grow sales even further. That announcement came after Novo's troubling guida...
Key Points You must take your 2026 RMDs by Dec. 31, unless you're turning 73 this year. Taking them early ensures you don't forget, but waiting could allow your investments to grow more. Failing to take your RMDs on time will result in a 25% tax penalty. The $23,760 Social Security bonus most retirees completely overlook › Once you turn 73, you have to start taking mandatory annual withdrawals fro...
Key Points You must take your 2026 RMDs by Dec. 31, unless you're turning 73 this year. Taking them early ensures you don't forget, but waiting could allow your investments to grow more. Failing to take your RMDs on time will result in a 25% tax penalty. The $23,760 Social Security bonus most retirees completely overlook › Once you turn 73, you have to start taking mandatory annual withdrawals from your tax-deferred retirement accounts, such as traditional individual retirement accounts (IRAs) and 401(k)s. These are called required minimum distributions (RMDs). You have an entire year to make them -- or even longer if it's the first year you're required to take RMDs. But it's natural to wonder whether there's an optimal time to do so. The truth is, it depends on your personal preferences and how you anticipate your investments behaving in the coming months. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » How RMDs work The government requires you to take RMDs from all tax-deferred retirement accounts, except your current 401(k) if you're still working and own less than 5% of the company. The amount you must withdraw depends on your age and account balance as of Dec. 31 of the previous year. For example, for 2026, you'd look at your balance as of Dec. 31, 2025. You divide this balance by the distribution period next to your age in the IRS Uniform Lifetime Table. The result is your RMD. For example, if you're 73 and have $250,000 in a traditional IRA, your RMD from that account would be $250,000 divided by the 26.5 distribution period for 73 year olds -- or about $9,434. When should you take your RMDs? You're required to take your RMDs by Dec. 31 of the year in question. However, there's an exception for the year in which you turn 73 because you have until April 1 of the following year. So if you're ...
is The Verge’s senior AI reporter. An AI beat reporter for more than five years, her work has also appeared in CNBC, MIT Technology Review, Wired UK, and other outlets. The Trump administration on Friday unveiled its new legislative blueprint for AI regulation, and the seven-point plan includes a clear message: The federal government should avoid many AI regulations beyond a set of child safety ru...
is The Verge’s senior AI reporter. An AI beat reporter for more than five years, her work has also appeared in CNBC, MIT Technology Review, Wired UK, and other outlets. The Trump administration on Friday unveiled its new legislative blueprint for AI regulation, and the seven-point plan includes a clear message: The federal government should avoid many AI regulations beyond a set of child safety rules, and it should bar states from messing with the “national strategy to achieve global AI dominance.” The plan advises Congress to protect minors using AI services with more safeguards and take action to attempt to prevent electricity costs from spiking due to AI infrastructure. It encourages “youth development and skills training” to boost familiarity with AI tools, without much further detail. But it suggests taking a wait-and-see approach to whether training AI models on copyrighted material without permission is legal, and it maintains a long-running Republican push to limit whether states can enact their own AI laws. The entire document and all its provisions, however, will only take effect if Congress adopts them into legislation and passes them into law. The Trump administration blueprint encourages passing laws similar to the Take It Down Act — which was signed into law in May 2025 and bars nonconsensual AI-generated “intimate visual depictions,” requiring certain platforms to rapidly remove them. The document also is pro-age verification, suggesting that Congress “establish commercially reasonable, privacy protective, age assurance requirements (such as parental attestation) for AI platforms and services likely to be accessed by minors.” Age-gating is controversial from a privacy standpoint and has a lot of potential surveillance implications. It proposes other child protection measures like limiting the ability for AI models to train on minors’ data and limits to targeted advertising based on their data. (The document does not seek to prohibit those practices fo...
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) said that it will supply over 1 million GPUs and related chips to Amazon Web Services (NASDAQ:AMZN) through 2027. The deal, revealed at Nvidia's annual GTC conference, spans multiple GPU architectures, including Blackwell and Rubin, and covers AWS's global cloud regions. It also includes Nvidia's Spectrum networking chips and the newly...
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) said that it will supply over 1 million GPUs and related chips to Amazon Web Services (NASDAQ:AMZN) through 2027. The deal, revealed at Nvidia's annual GTC conference, spans multiple GPU architectures, including Blackwell and Rubin, and covers AWS's global cloud regions. It also includes Nvidia's Spectrum networking chips and the newly launched Groq processors. Financial terms were not disclosed. Ian Buck, Nvidia vice president of hyperscale and high-performance computing, said the chip deployments will start this year and continue through 2027. AWS will use the mix of processors to accelerate AI inference, the stage where trained AI models apply learned patterns to generate predictions or content. Inference is wickedly hard, Buck said, noting it requires a combination of multiple chips. Nvidia CEO Jensen Huang highlighted the revenue potential of the collaboration, citing a $1 trillion opportunity tied to Blackwell and Rubin chip demand through 2027. The companies are also working together on Spectrum networking and other cloud infrastructure initiatives. Amazon declined to comment on the arrangement.
U.S. credit card delinquencies held steady month-over-month across major banks in February, while charge-offs shot up, according to Seeking Alpha's February Credit Pulse. Seeking Alpha tracks delinquency and charge-off numbers for seven banks in its monthly roundup: American Express ( AXP ), Synchrony Financial ( SYF ), Citigroup ( C ), Bread Financial ( BFH ), Capital One ( COF ), JPMorgan Chase ...
U.S. credit card delinquencies held steady month-over-month across major banks in February, while charge-offs shot up, according to Seeking Alpha's February Credit Pulse. Seeking Alpha tracks delinquency and charge-off numbers for seven banks in its monthly roundup: American Express ( AXP ), Synchrony Financial ( SYF ), Citigroup ( C ), Bread Financial ( BFH ), Capital One ( COF ), JPMorgan Chase ( JPM ), and Bank of America ( BAC ). Average delinquency rate in February remained unchanged month-over-month at 2.81%. However, the metric remained above the year-ago level of 2.59%. The pre-pandemic February 2020 average was 2.93%. Average net charge-off rate for the month came in at 3.83%, far above the 3.53% rate seen in January and the pre-pandemic level of 3.75%. However, charge-offs remained below the February 2025 level of 4.39%. "Credit card volumes fell sharply—a typical seasonal trend as consumers paid down holiday balances," said the February edition of the Federal Reserve's Beige Book report released on March 4. Consumer sentiment was seen deteriorating in March on the back of the Iran conflict. The University of Michigan Consumer Sentiment Index fell to 55.5 in March's preliminary reading, down from 56.6 recorded in February and 56.2 consensus, according to a report released on March 13. The index hit its lowest level of the year. "Interviews completed prior to the military action in Iran showed an improvement in sentiment from last month, but lower readings seen during the nine days thereafter completely erased those initial gains," said Surveys of Consumers Director Joanne Hsu . Here is a look at the February delinquencies and net charge-off rates: February 2026 credit card delinquencies, net charge-offs (Company filings, press releases) More on related tickers American Express Is An Attractive Dip Buy As Growth Continues JPMorgan Chase: Hold On Mixed Signals Capital One's Acquisition Of Discover Won't Save It From Declining ROE And ROA Not all financials a...
May NY world sugar #11 (SBK26) today is up +0.22 (+1.43%), and May London ICE white sugar #5 (SWK26) is down -1.70 (-0.38%). Sugar prices are mixed today, with NY sugar climbing to a fresh 5-month high. Sugar prices fell back from their best levels today, with London sugar turning lower, amid strength in the dollar ($DXY). Don’t Miss a Day: Soaring gasoline prices are boosting ethanol prices and a...
May NY world sugar #11 (SBK26) today is up +0.22 (+1.43%), and May London ICE white sugar #5 (SWK26) is down -1.70 (-0.38%). Sugar prices are mixed today, with NY sugar climbing to a fresh 5-month high. Sugar prices fell back from their best levels today, with London sugar turning lower, amid strength in the dollar ($DXY). Don’t Miss a Day: Soaring gasoline prices are boosting ethanol prices and are bullish for sugar. Gasoline (RBJ26) is up more than +2% today and posted a 3.5-year high on Thursday, which may encourage the world's sugar mills to increase ethanol production at the expense of sugar. Sugar prices are also finding support amid supply disruptions from the closure of the Strait of Hormuz. According to Covrig Analytics, the closure of the strait has curbed approximately 6% of the world's sugar trade, constraining refined sugar output. Earlier this month, sugar prices plunged to 5.25-year nearest-futures lows on concern that a global sugar surplus will persist. On February 11, analysts from sugar trader Czarnikow said they expect a global sugar surplus of 3.4 MMT in the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26. Also, Green Pool Commodity Specialists said on January 29 that they expect a 2.74 MMT global sugar surplus for 2025/26 and a 156,000 MT surplus for 2026/27. Meanwhile, StoneX said February 13 that it expects a global sugar surplus of 2.9 MMT in 2025/26. The International Sugar Organization (ISO) on February 27 forecasted a +1.22 MMT (million metric ton) sugar surplus in 2025-26, following a -3.46 MMT deficit in 2024-25. ISO said the surplus is being driven by increased sugar production in India, Thailand, and Pakistan. ISO is forecasting a +3.0% y/y rise in global sugar production to 181.3 million MMT in 2025-26. Signs of lower sugar output in Brazil are supportive of sugar prices, after Unica on February 18 reported that sugar production in Brazil's Center-South in the second half of January fell by -36% y/y to only 5,000 MT. Howev...
May ICE NY cocoa (CCK26) today is down -62 (-1.86%), and May ICE London cocoa #7 (CAK26) is down -32 (-1.30%). Cocoa prices are sliding today, with NY cocoa falling to a 2-week low. Today's stronger dollar ($DXY) is weighing on cocoa prices along with an improving supply outlook. West African farmers have reported that consistent rains have boosted pod development in cocoa trees in the Ivory Coast...
May ICE NY cocoa (CCK26) today is down -62 (-1.86%), and May ICE London cocoa #7 (CAK26) is down -32 (-1.30%). Cocoa prices are sliding today, with NY cocoa falling to a 2-week low. Today's stronger dollar ($DXY) is weighing on cocoa prices along with an improving supply outlook. West African farmers have reported that consistent rains have boosted pod development in cocoa trees in the Ivory Coast and Ghana. Don’t Miss a Day: Ample supplies are also weighing on cocoa prices, as ICE cocoa inventories rose to a 7.5-month high of 2,314,981 bags on Thursday. NY cocoa rallied to a 1-month high last Wednesday after a Reuters report last Tuesday said that local grinders bought more than 400,000 metric tons of Ivory Coast cocoa export contracts in the 10 days since purchases resumed for the mid-year crop. That suggested that new demand is emerging in the wake of recent cocoa price cuts. Last month, Ghana cut the official price it pays its cocoa farmers by nearly 30% for supplies for the 2025/26 growing season, and the Ivory Coast last Wednesday said it would cut cocoa farmer pay by 57% that would kick in for the mid-crop harvest that started in March. The Ivory Coast and Ghana produce more than half of the world's cocoa. Cocoa prices have also seen some support over the past two weeks as the closure of the Strait of Hormuz has boosted global shipping rates, insurance costs, and fuel prices, thereby raising cocoa importers' costs. In addition, slowing cocoa deliveries to ports in the Ivory Coast is supportive of prices. Tuesday's cumulative data from the Ivory Coast showed that Ivory Coast farmers shipped 1.37 MMT of cocoa to ports in the current marketing year (October 1, 2025, through March 15, 2026), down -2.8% from 1.41 MMT in the same period a year ago. Demand concerns have hammered cocoa prices as consumers continue to balk at the high price of chocolate. On January 28, Barry Callebaut AG, the world's largest bulk chocolate maker, reported a -22% decline in sales volum...
This article first appeared on GuruFocus. Xpeng (NYSE:XPEV) has reached a milestone that could reshape investor perception, reporting its first-ever quarterly profit even as near-term signals turn more cautious. The company posted fourth-quarter net income of 383 million yuan, compared with expectations for a 45.3 million-yuan loss, marking a sharp swing into profitability. However, that progress ...
This article first appeared on GuruFocus. Xpeng (NYSE:XPEV) has reached a milestone that could reshape investor perception, reporting its first-ever quarterly profit even as near-term signals turn more cautious. The company posted fourth-quarter net income of 383 million yuan, compared with expectations for a 45.3 million-yuan loss, marking a sharp swing into profitability. However, that progress is being tempered by a softer first-quarter outlook, with revenue projected at 12.2 billion yuan to 13.3 billion yuan, falling short of the 15.7 billion-yuan consensus. The contrast suggests that while Xpeng may be entering a new phase operationally, demand conditions could remain uneven in the near term. Management also pointed to continued pressure on deliveries, with the company expecting 61,000 to 66,000 vehicles in the current quarter after shipments in January and February declined 40% year-on-year. The broader backdrop appears challenging, as China's passenger vehicle sales fell 25% in February, with new energy vehicles seeing an even steeper drop, according to industry data. A rollback in government subsidies is weighing on demand across the sector, which could continue to impact volume recovery and pricing dynamics for EV makers, including Xpeng. At the same time, Chairman He Xiaopeng emphasized longer-term opportunities tied to artificial intelligence and next-generation mobility, suggesting the company could be approaching a strategic inflection point. Xpeng expects to begin mass production of humanoid robots, flying cars and robotaxis this year, while expanding its global partnerships. A jointly developed vehicle with Volkswagen has already rolled off the production line, and Stellantis is exploring potential collaboration, developments that could position Xpeng to diversify beyond traditional EV manufacturing as it scales its technology ambitions.
Peacock saw a surge in new subscribers during February, as was largely expected, with the streaming service at the center of the sports world. The streamer added an estimated 4.9M new subscribers in February to mark its biggest month ever, driven by the Winter Olympics, Super Bowl LX, and the NBA All-Star Game. A market research report from Antenna indicates that Peacock captured about 34% of all ...
Peacock saw a surge in new subscribers during February, as was largely expected, with the streaming service at the center of the sports world. The streamer added an estimated 4.9M new subscribers in February to mark its biggest month ever, driven by the Winter Olympics, Super Bowl LX, and the NBA All-Star Game. A market research report from Antenna indicates that Peacock captured about 34% of all new premium streaming sign-ups that month. Separate data from Ampere indicated that the service generated roughly 968,000 new sign-ups on Super Bowl Sunday alone, with a third of those new customers selecting the higher-priced Premium Plus tier. Notably, the results reflect NBCUniversal's ( CMCSA ) strategy to engineer a “Legendary February” to reignite growth after Peacock’s subscriber base had plateaued near 41M for much of 2025. App analytics from Apptopia suggest that Peacock retained about 16.5% of new Olympic-driven subscribers two weeks after the Olympics, and time spent on the platform by the new users nearly tripled as Peacock leaned on new originals and NBA coverage. More on Comcast Comcast Looks Intriguing Here, But History Remains A Concern Telecommunication 2026 Dividend Roundup: I Prefer Comcast Over Verizon Comcast Corporation (CMCSA) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Peacock's new-user retention dropped after Winter Olympics, report shows Communication services stocks with the highest dividend yields amid market volatility
intek1/iStock via Getty Images By Zain Vawda EUR/USD ( EUR:USD ) finds itself at another crossroads after recent developments have seen the pair test a multi-year pivot level of 1.1450. Since then, EUR/USD has attempted to grind its way higher, but further upside is facing a few hurdles. Let us unpack what may be key for the pair down below as markets grapple with a host of challenges. What is dri...
intek1/iStock via Getty Images By Zain Vawda EUR/USD ( EUR:USD ) finds itself at another crossroads after recent developments have seen the pair test a multi-year pivot level of 1.1450. Since then, EUR/USD has attempted to grind its way higher, but further upside is facing a few hurdles. Let us unpack what may be key for the pair down below as markets grapple with a host of challenges. What is driving EUR/USD price action? Current Price Dynamics: The Post-ECB Correction In recent sessions, EUR/USD surged to a weekly high of 1.1616. This advance was primarily triggered by the ECB’s decision to hold interest rates steady, while simultaneously signaling heightened concern over inflation. Although the central bank maintained the deposit facility at 2.00%, President Christine Lagarde’s press conference struck a notably hawkish chord. She warned that rising energy prices spurred by the ongoing conflict in the Middle East involving the US, Israel, and Iran would likely push inflation above the 2% target in the near term. However, the euro’s gains proved fragile. By Friday, the pair retraced toward 1.1560 as the US dollar (USD) regained its footing. The greenback’s resilience is being supported by a broader flight to safety as global markets grapple with "unabated geopolitical effervescence." While the Fed’s own hawkish stance previously dominated the narrative, the market is now focusing on the narrowing policy divergence between the Fed and other major central banks like the ECB and the Bank of England. Euro facing hurdles As conflict in the Middle East threatens oil and gas supplies, the euro remains particularly vulnerable. Despite the ECB’s hawkishness, there is skepticism regarding whether higher euro yields can sustain the currency's strength if energy prices continue to spike. A "conflict-related oil dynamic" remains the chief downside risk for the euro, as higher energy costs act as a tax on the Eurozone’s growth-sensitive economy. Outlook: What to Watch Moving For...