Ghana thought they would fly to Washington on Wednesday with a victory finally under their belts, England soon in their sights. After five straight friendly defeats since qualifying for the World Cup last October, they had to settle for a draw in Carlos Queiroz’s first game in charge after Lewis Koumas’s stoppage-time equaliser. Presumably Thomas Tuchel, five hours behind Cardiff in time-zone, hun...
Ghana thought they would fly to Washington on Wednesday with a victory finally under their belts, England soon in their sights. After five straight friendly defeats since qualifying for the World Cup last October, they had to settle for a draw in Carlos Queiroz’s first game in charge after Lewis Koumas’s stoppage-time equaliser. Presumably Thomas Tuchel, five hours behind Cardiff in time-zone, hunkered down somewhere in West Palm Beach to watch England’s second Group L opponents this summer. If Tuchel had the sound on, he wouldn’t have needed to listen too hard to hear the Ghana supporters present delight in Caleb Yirenkyi’s second-half opener, but they were denied victory. Continue reading...
However, Todd Blanche said the IRS will still be prohibited from auditing Donald Trump, his family and related entities ‘Outright theft’: legal experts decry $1.8bn Trump anti-weaponization fund The federal government is abandoning an effort to create a $1.8bn secretive fund to compensate Donald Trump ’s allies, but is maintaining an agreement that prohibits the Internal Revenue Service (IRS) from...
However, Todd Blanche said the IRS will still be prohibited from auditing Donald Trump, his family and related entities ‘Outright theft’: legal experts decry $1.8bn Trump anti-weaponization fund The federal government is abandoning an effort to create a $1.8bn secretive fund to compensate Donald Trump ’s allies, but is maintaining an agreement that prohibits the Internal Revenue Service (IRS) from auditing Trump, his family and related entities, the acting attorney general, Todd Blanche, said on Tuesday. “We are not moving forward with the fund, period,” Blanche said during a House appropriations committee hearing on Tuesday. “The reasons for the fund is something that President Trump talked about for a long time, which is the fact that there were a lot of people in this country who had their government weaponized against them. The reasons for the fund, I think, remain as important as they were before, but we are not moving forward with the fund.” Continue reading...
Schroptschop/iStock via Getty Images Eurostat The latest euro area inflation figures for the month of May were released this morning, a key data point ahead of the ECB’s meeting next week. This continues to point to a flare-up in price pressures caused by the conflict in the Middle East. However, the latest print suggests that energy is not the only segment that policymakers should be concerned ab...
Schroptschop/iStock via Getty Images Eurostat The latest euro area inflation figures for the month of May were released this morning, a key data point ahead of the ECB’s meeting next week. This continues to point to a flare-up in price pressures caused by the conflict in the Middle East. However, the latest print suggests that energy is not the only segment that policymakers should be concerned about. HICP inflation accelerated to 3.2% YoY in May, up from 3.0% YoY in April. The reading was in line with consensus expectations, but it was also the highest headline inflation rate since September 2023. The monthly increase was just 0.1% MoM, but this was ahead of the 0.0% MoM rise in May 2025, meaning base effects played a small part. There was no major surprise in the all-items index movements. Given the energy backdrop, continued acceleration in inflation aligns with consumer expectations for both perceived and expected inflation. A quick note on the volatile components: Food inflation was not an issue in May. The broad food index was unchanged on a monthly basis and up 2.0% YoY, down from 2.4% YoY in March and April. This is the lowest since October 2021. TradingView Energy inflation, of course, has become an issue, even though there was a large -1.1% MoM decline in May. Importantly, this was a slightly smaller decline vs a year ago when energy was down -1.2% MoM in May 2025. As a result, YoY energy inflation set a new (roughly) three-year high at 10.9%. This is with Brent oil averaging around $110 and Dutch TTF natural gas around $48. In the April 29-30th meeting, ECB members attributed the rise in March HICP inflation entirely to energy prices and the conflict in the Middle East. This was a major reason that many members believed it would be possible to look through an inflation spike in the months ahead. The ability to dismiss energy-driven inflation would also be determined by “the intensity and duration of the energy price shock and the scale of its indirect and...
RiverNorthPhotography GameStop ( GME ) jumped in postmarket trading after reporting revenue growth of 14% and delivering its highest first quarter net income tally in the company's history, as well as the highest first quarter operating income mark. GameStop ( GME ) easily beat the consensus EPS estimate. On the balance sheet, the company had a cash position of $9.7B at the end of Q1, including $8...
RiverNorthPhotography GameStop ( GME ) jumped in postmarket trading after reporting revenue growth of 14% and delivering its highest first quarter net income tally in the company's history, as well as the highest first quarter operating income mark. GameStop ( GME ) easily beat the consensus EPS estimate. On the balance sheet, the company had a cash position of $9.7B at the end of Q1, including $8.4B of cash, cash equivalents, and marketable securities, as well as $1.0B in collateral pledged for derivative assets during the quarter and approximately $400M in digital assets and related receivables. Notably, the board approved a discretionary $2.0B buyback program that expires in July of 2029. During the quarter, GameStop ( GME ) made an unsolicited, mostly cash-and-stock bid of roughly $56B to acquire eBay at $125 per share. While eBay's ( EBAY ) board has formally rejected the proposal as neither credible nor attractive, GameStop ( GME ) CEO Ryan Cohen has signaled he could pursue a proxy fight if necessary and has floated aggressive cost-cut targets and using GameStop’s 1,600 U.S. stores as an authentication and logistics backbone for eBay ( EBAY ). Shares of GameStop ( GME ) were up 7.2% in postmarket trading. More on GameStop Wall Street Lunch: EBay Rejects GameStop Takeover Proposal GameStop's 'Crazy Idea' To Buy EBay Isn't So Crazy, But It Is Risky eBay And GameStop: A Deal Made In Meme Heaven GameStop Non-GAAP EPS of $0.30 beats by $0.14, revenue of $835.3M GameStop deepens eBay exposure to 7.8% from 6.6% following board's buyout rejection
Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on Ulta Beauty Ulta Beauty: The Pullback Makes This Earnings Setup Attractive The Pros And Cons Of Investing In Ulta Beauty Now Ulta Beauty, Inc. (ULTA) Presents at J.P. Morgan Retail Round Up Forum 2026 Transcript Ulta delivers beauty-fueled beat with top- and bottom-line beat, raises FY26 profit outlook Stocks to watch on...
Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on Ulta Beauty Ulta Beauty: The Pullback Makes This Earnings Setup Attractive The Pros And Cons Of Investing In Ulta Beauty Now Ulta Beauty, Inc. (ULTA) Presents at J.P. Morgan Retail Round Up Forum 2026 Transcript Ulta delivers beauty-fueled beat with top- and bottom-line beat, raises FY26 profit outlook Stocks to watch on Tuesday after-hours: PANW, ULTA, GTLB
coffeekai/iStock via Getty Images Consolidation has been a pattern in many sectors over the past decade or so. The advantages that come with scale, synergies, leverage, and economies of scale are undeniable. You can eliminate redundancies, and you can increase your market share. I have personally been involved in merging entities on the public-corporate side, so I've seen and done myself some of t...
coffeekai/iStock via Getty Images Consolidation has been a pattern in many sectors over the past decade or so. The advantages that come with scale, synergies, leverage, and economies of scale are undeniable. You can eliminate redundancies, and you can increase your market share. I have personally been involved in merging entities on the public-corporate side, so I've seen and done myself some of the transactions and calculations involved. Not on the same scale, of course - but the general idea. Today's target for analysis is Weatherford International ( WFRD ). The company very recently acquired the company NCS Multistage ( NCSM ), a small player in the oilfield services industry. Both companies work in the field, and I've spent the last day looking at this deal and the potential it may have for the companies involved and the market. That the shareholders of NCS Multistage see this deal as a significant advantage is very clear from the reaction of the stock. The company's shares rose over 9.5% in a single day - although it's to be said that this only partially recovered the highs we saw a few months back. NCS Multistage is a company with a market capitalization of about $111M at the time of writing, while Weatherford enjoys a size of $7.5B, give or take. We're not talking about a merger of equals, but Weatherford absorbing a very small company by comparison. You can find my last article on Weatherford , about 3 months old at this time, here. The company has performed as I expected - meaning it's actually now at almost a negative/flat RoR. Seeking Alpha RoR Weatherford International You'll note that I was positive on the company about a year ago, when it was actually cheap. I have, however, rotated the small position I acquired because I see the company's valuation surge as mostly related to non-recurring commodity volatility and effects. To me, investing in companies tied to commodity cycles is always about getting "in and out." You buy them when they are cheap, you ...
QXO Building Products Inc .’s $3 billion junk-bond offering to fund its purchase of rival TopBuild Corp. has received more than triple the amount in demand from investors. The sale, part of a $6 billion debt package , attracted more than $10 billion of investor orders on Tuesday, according to people with direct knowledge of the matter. The loan portion of the financing has also been fully subscrib...
QXO Building Products Inc .’s $3 billion junk-bond offering to fund its purchase of rival TopBuild Corp. has received more than triple the amount in demand from investors. The sale, part of a $6 billion debt package , attracted more than $10 billion of investor orders on Tuesday, according to people with direct knowledge of the matter. The loan portion of the financing has also been fully subscribed. Investors in the riskier corners of the US debt market have been eager for new debt tied to mergers and acquisitions after a wave of activity devoted to extending maturities or lowering borrowing costs on existing obligations. Greenwich, Connecticut-based QXO, which markets everything from drywall panels to gutters, in April agreed to buy insulation company TopBuild for about $17 billion. The transaction will “significantly improve QXO’s scale, diversification and profit margins,” offsetting a temporary increase in the firm’s debt burden, S&P Global Ratings said in a Monday note to clients. Read More: QXO to Buy TopBuild in $17 Billion Building Products Deal Earlier on Tuesday, QXO’s $3 billion leveraged loan offering drew at least $4.5 billion from investors, according to people with direct knowledge of the matter. The bond and loan offerings are expected to price on Wednesday. Morgan Stanley , which is managing the bond sale, declined to comment, as did Wells Fargo & Co ., which is running the loan sale. 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 .
The disgraced former congressman allegedly bet on whether he would appear at the State of the Union address, prompting federal investigations. (Image credit: Michael M. Santiago)
The disgraced former congressman allegedly bet on whether he would appear at the State of the Union address, prompting federal investigations. (Image credit: Michael M. Santiago)
PM Images/DigitalVision via Getty Images The beauty of high-yield investing is that, first of all, you are largely freed from concerns about market price volatility, since the goal is to build up a passive income stream from dividends. That means that you have cash flow coming in every month that meets or exceeds your living expenses, regardless of whether the market is going up, sideways, or down...
PM Images/DigitalVision via Getty Images The beauty of high-yield investing is that, first of all, you are largely freed from concerns about market price volatility, since the goal is to build up a passive income stream from dividends. That means that you have cash flow coming in every month that meets or exceeds your living expenses, regardless of whether the market is going up, sideways, or down. Additionally, the higher the yield, the less capital you need to generate enough cash flow to meet or exceed your living expenses. On top of that, your investments inherently become less speculative, since high-yielding stocks, especially quality ones that I try to exclusively focus on, do not need nearly as much growth in order to still generate a satisfactory return. Therefore, they are typically much easier to value and are much less speculative investments. You can also still get dividend growth from these investments because: Many of them do grow their dividends consistently. Even the ones that don't, you can implement opportunistic capital recycling by selling positions when they reach fair value or exceed fair value and reinvesting the proceeds into new undervalued opportunities. Many times, in aggregate, these trades also lead to you growing your dividend yield over time, since undervalued high-yielding stocks generally yield higher than fairly or overvalued ones do. Thus, you generate dividend growth through multiple means, which should enable your income to grow faster than the rate of inflation. Therefore, not only is it able to cover your living expenses today, but it should be able to continue doing so for years to come without you needing to even reinvest your dividends into new positions. In this article, I'm going to detail exactly how I go about building this dividend machine and where I'm finding some of the best high-yielding dividend growth opportunities today. My Five-Part Filter For Every Dividend Machine My most important step when building a portfo...
Hubbell ( HUBB ) priced a $1.9B senior notes offering across three maturities. The offering includes $500M of 4.650% senior notes due 2031. It also includes $700M of 4.900% senior notes due 2033. An additional $700M of 5.150% senior notes due 2036 was priced as part of the transaction. The notes offering is expected to close on June 8, 2026. Hubbell plans to use the proceeds, along with cash on ha...
Hubbell ( HUBB ) priced a $1.9B senior notes offering across three maturities. The offering includes $500M of 4.650% senior notes due 2031. It also includes $700M of 4.900% senior notes due 2033. An additional $700M of 5.150% senior notes due 2036 was priced as part of the transaction. The notes offering is expected to close on June 8, 2026. Hubbell plans to use the proceeds, along with cash on hand and/or additional borrowings, to help finance its proposed acquisition of NSI Electrical Buyer. A portion of the proceeds will be used to repay certain existing debt of NSI. Funds will also cover acquisition-related fees and transaction costs. Any remaining proceeds are expected to be allocated toward general corporate purposes. More on Hubbell Hubbell: Robust Markets, But High Valuation And Margin Concerns Create Some Headwinds Hubbell: More M&A And Improved Organic Growth Hubbell Incorporated 2026 Q1 - Results - Earnings Call Presentation Sentinel Capital to sell NSI Industries to Hubbell for $3B Hubbell strikes $3B deal for NSI Industries to boost electrical portfolio
KLX Energy Services Holdings ( KLXE ) on Tuesday said it has acquired all assets of Wolfpack Rentals LLC, a provider of surface rental equipment and services to the oil and gas industry, for $17 million. The purchase price includes $14 million payable at closing and two deferred payments of $1.5 million each due six and 12 months after closing, the company said. KLX said Wolfpack generated revenue...
KLX Energy Services Holdings ( KLXE ) on Tuesday said it has acquired all assets of Wolfpack Rentals LLC, a provider of surface rental equipment and services to the oil and gas industry, for $17 million. The purchase price includes $14 million payable at closing and two deferred payments of $1.5 million each due six and 12 months after closing, the company said. KLX said Wolfpack generated revenue of $38.2 million and adjusted EBITDA of $5.8 million in 2025. The company expects the acquisition to be immediately accretive and generate more than $2 million in annual cost synergies. Wolfpack operates across South Texas, West Texas, East Texas, and the U.S. Northeast, with eight facilities serving major U.S. land basins. KLX said the acquisition will be financed through a combination of capital lease financing, asset-based lending borrowings supported by acquired receivables, and cash on hand. Source: Press Release More on KLX Energy Services KLX Energy Services Holdings, Inc. (KLXE) Q1 2026 Earnings Call Transcript KLX Energy Services Holdings, Inc. (KLXE) Q4 2025 Earnings Call Transcript KLX forecasts Q2 revenue of $162M-$172M as Rockies rebound and Permian stabilizes KLX Energy Services GAAP EPS of -$1.23 misses by $0.44, revenue of $145M misses by $17M Seeking Alpha’s Quant Rating on KLX Energy Services