July NY world sugar #11 (SBN26 ) today is down -0.08 (-0.56%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.60 (+0.36%). Sugar prices fell from early highs today and are mixed, with London sugar posting a 2.5-week high. NY sugar slipped from a 1-week high today...
July NY world sugar #11 (SBN26 ) today is down -0.08 (-0.56%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.60 (+0.36%). Sugar prices fell from early highs today and are mixed, with London sugar posting a 2.5-week high. NY sugar slipped from a 1-week high today...
It may be the closely guarded private fiefdom of the MCC, but weight of history makes the ground a true institution There are three Lord’s in London. The first is six feet under Dorset Square next to Marylebone station, where these days a square foot of a single bed flat will set you back a thousand pounds. The second is buried beneath the Lisson Grove moorings on the Regents canal, where the cana...
It may be the closely guarded private fiefdom of the MCC, but weight of history makes the ground a true institution There are three Lord’s in London. The first is six feet under Dorset Square next to Marylebone station, where these days a square foot of a single bed flat will set you back a thousand pounds. The second is buried beneath the Lisson Grove moorings on the Regents canal, where the canal boaters grow tomatoes along the towpath. And the third, the current world-famous ground, is two blocks over on the Wellington Road, on a patch rented in the 19th century from the Eyre family, who made their money in wine and slavery. So long as there are ravens in the Tower, it always will be. This week, Lord’s holds its 150th Test . It was a late starter. Tests were played at Melbourne, Sydney, the Oval, and Old Trafford before it held its first in July 1884, but it will become the first ground in the world to reach this sesquicentenary. The MCG comes next, with 118. But then, much to the gall of every other corner of the country where they play Test cricket, Lord’s has had the advantage of holding two games a year every year this century. And because this is England, they’ve managed to make the rest of us think it’s us who are privileged by it. Continue reading...
OpenAI Chief Executive Officer Sam Altman will push his vision for public-private collaboration on artificial intelligence during a visit to Washington on Wednesday, part of a broader policy agenda that also includes creating a vehicle to pass AI’s potentially vast financial windfall to consumers. Altman was scheduled to visit the White House for discussions with US officials, just a day after Pre...
OpenAI Chief Executive Officer Sam Altman will push his vision for public-private collaboration on artificial intelligence during a visit to Washington on Wednesday, part of a broader policy agenda that also includes creating a vehicle to pass AI’s potentially vast financial windfall to consumers. Altman was scheduled to visit the White House for discussions with US officials, just a day after President Donald Trump called for AI companies to voluntarily share cutting-edge models for government review before their release. The OpenAI co-founder was also set to meet separately with Republican House Speaker Mike Johnson and Senator Bernie Sanders , an independent who’s aligned with Democrats, as lawmakers weigh a bipartisan framework on AI legislation. While OpenAI praised Trump’s executive order for laying out a closer relationship between AI labs and government agencies, company staff including Chief Global Affairs Officer Chris Lehane cautioned Wednesday that many details on the directive remain unclear. During a briefing with reporters in Washington, where he unveiled a new policy agenda , Lehane stressed that Altman would be discussing OpenAI’s ideas for how AI companies should work with the government during those White House meetings. Read More: Trump Takes Hands-Off Approach to AI Cybersecurity in New Order “Like any relationship my guess is it will evolve over time and will probably evolve as capabilities continue to evolve,” Lehane said of collaboration between the government and AI labs. “We think we’re going to need to even do more as we go forward.” Altman’s meetings at the White House and on Capitol Hill are taking place as the maker of ChatGPT lays the groundwork for an initial public offering later this year that could value the company at nearly $1 trillion. Archrival AI developer Anthropic PBC filed confidentially for an IPO this week following a funding round that valued it at $965 billion. The OpenAI chief has become a more frequent visitor to Wash...
Amid hopes for peace in the Middle East, Bart Melek, Head of Commodity Strategy with TD Securities, says even if a deal was struck today, constrained oil supplies through the Strait of Hormuz will likely keep oil prices elevated for some time. Transcript Anthony Okolie: Well, uncertainty around the peace process to end the Middle East conflict has kept WTI oil around the $90 per barrel mark. But o...
Amid hopes for peace in the Middle East, Bart Melek, Head of Commodity Strategy with TD Securities, says even if a deal was struck today, constrained oil supplies through the Strait of Hormuz will likely keep oil prices elevated for some time. Transcript Anthony Okolie: Well, uncertainty around the peace process to end the Middle East conflict has kept WTI oil around the $90 per barrel mark. But our guest today says even if a deal was struck today, investors shouldn't be expecting oil prices to meaningfully decline anytime soon. Joining us now to discuss is Bart Melek. He's head of Commodity Strategy with TD Securities. And Bart, thanks very much for joining us. Bart Melek: Well, wonderful to be here again. Thank you. Anthony Okolie: Alright. Well, let's start with the latest out of the Middle East. Oil declined last week, but fresh tensions have given some lift. What's going on? Bart Melek: Well, I think there's a lot of uncertainty [as to] when the Straits of Hormuz will be opened. One day there is a peace deal. The next day there is no peace deal. Then there is a peace deal. Then, again, there is no peace deal. And I think, if I can keep up with this all, today, there is no peace deal. The Iranian government is stating that Israeli attacks need to stop in Lebanon or the deal is off. Well, all that means is that there are still some 90 million barrels of crude stuck on tankers in the Straits. And there's only a trickle of crude moving through, meaning we continue to see roughly 15 million barrels of crude to 17 million barrels, and distillates, not going through. And that has very, very, very important implications down the road. It means that even with the Saudi Arabian movement of five million barrels to the East-West pipeline, now they're moving some seven million barrels or so through the Red Sea. Given the fact that we have strategic reserves from countries who are members of the International Energy Agency flooding the market with as much crude as they can, ...
The Neuberger Berman Core Equity ETF is seeing unusually high volume in afternoon trading Wednesday, with over 758,000 shares traded versus three month average volume of about 66,000. Shares of NBCR were off about 0.7% on the day. Components of that ETF with the highest volume
The Neuberger Berman Core Equity ETF is seeing unusually high volume in afternoon trading Wednesday, with over 758,000 shares traded versus three month average volume of about 66,000. Shares of NBCR were off about 0.7% on the day. Components of that ETF with the highest volume
In trading on Wednesday, the First Trust NYSE Arca Biotechnology Index Fund ETF is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of Neurocrine Biosciences, up about 6.2% and shares of Incyte, up about 6.2%
In trading on Wednesday, the First Trust NYSE Arca Biotechnology Index Fund ETF is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of Neurocrine Biosciences, up about 6.2% and shares of Incyte, up about 6.2%
BlackJack3D Bridgewater Associates founder Ray Dalio said he believes the AI market is in a bubble and will burst when investors move to convert their wealth into cash. “All great technology changes produce bubbles,” Dalio told Bloomberg TV on Wednesday. “Nobody can get it exactly right. You have to either spend a ton of money to capture your market share and don’t worry about whether it’s too muc...
BlackJack3D Bridgewater Associates founder Ray Dalio said he believes the AI market is in a bubble and will burst when investors move to convert their wealth into cash. “All great technology changes produce bubbles,” Dalio told Bloomberg TV on Wednesday. “Nobody can get it exactly right. You have to either spend a ton of money to capture your market share and don’t worry about whether it’s too much or not, or you don’t spend enough money and you lose your market share.” Dalio added that the bubble will burst when investors move to capitalize on investments. “The pricking is the converting of wealth into money,” he said More on iShares Semiconductor ETF, Vanguard Information Technology Index Fund ETF Shares, etc. Fasten Your Seatbelt SOXX: The Party May Be Over Hyperscaler's CDS Fears Are Rising Semiconductor and AI stocks lead large cap IT EPS revision grade rankings ETFs tied to Marvell Technology rally after Huang's optimistic AI outlook
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Western Digital Corp (Symbol: WDC), where a total of 33,005 contracts have traded so far, representing approximately 3.3 million underlying shares. That amounts to about
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Western Digital Corp (Symbol: WDC), where a total of 33,005 contracts have traded so far, representing approximately 3.3 million underlying shares. That amounts to about
Duke Energy Corp. ’s chief executive officer is forecasting power demand will grow at 10 times the rate over the past several decades from the rise of AI data centers and the electrification of the economy. “We’ve never seen load growth like we have experienced in the last year,” Harry Sideris said in an interview on Bloomberg Television at the Edison Electric Institute convention in Las Vegas. “I...
Duke Energy Corp. ’s chief executive officer is forecasting power demand will grow at 10 times the rate over the past several decades from the rise of AI data centers and the electrification of the economy. “We’ve never seen load growth like we have experienced in the last year,” Harry Sideris said in an interview on Bloomberg Television at the Edison Electric Institute convention in Las Vegas. “I’ve been with the company 30 years and we’ve been growing between 0 and 0.5% of load, and now we are looking at 10 times that.” Utilities across the country are grappling with how to accommodate an unprecedented amount of electricity demand from artificial intelligence along with new factories and manufacturing facilities. At the same time, they are encountering customer backlash against data centers and rising utility rates. Read More: Power Demand for Southern Seen Rising 10% a Year, CEO Says Sideris said new data centers have the potential to lower bills for customers because the new demand allows the utility to spread out more of its costs across its service territory. Duke has put in place new rate structures designed to protect customers from rising costs amid the AI buildout. Duke is also talking with large technology companies about developing new nuclear power plants, Sideris said, although he characterized those discussions as very early stage.
Brazilian President Luiz Inacio Lula da Silva thanked China for clearing the country’s beef of foot-and-mouth disease and fired a barb at US President Donald Trump, saying “I will sell to someone else”, after Washington announced new tariffs on Brazilian goods. Lula made the remarks on Tuesday, hours after Beijing announced wider access for Brazilian beef to the world’s biggest market for the prod...
Brazilian President Luiz Inacio Lula da Silva thanked China for clearing the country’s beef of foot-and-mouth disease and fired a barb at US President Donald Trump, saying “I will sell to someone else”, after Washington announced new tariffs on Brazilian goods. Lula made the remarks on Tuesday, hours after Beijing announced wider access for Brazilian beef to the world’s biggest market for the product. “As God writes straight with crooked lines, nothing comes free for a Christian man like me....
In trading on Wednesday, metals & mining shares were relative laggards, down on the day by about 4.6%. Helping drag down the group were shares of Santacruz Silver Mining, off about 9.7% and shares of Lithium America off about 9.4% on the day. Also lagging the market Wednes
In trading on Wednesday, metals & mining shares were relative laggards, down on the day by about 4.6%. Helping drag down the group were shares of Santacruz Silver Mining, off about 9.7% and shares of Lithium America off about 9.4% on the day. Also lagging the market Wednes
In trading on Wednesday, gas utilities shares were relative leaders, up on the day by about 1.4%. Leading the group were shares of Tamboran Resources, up about 7.2% and shares of Stabillis Solutions up about 6.3% on the day. Also showing relative strength are oil & gas exp
In trading on Wednesday, gas utilities shares were relative leaders, up on the day by about 1.4%. Leading the group were shares of Tamboran Resources, up about 7.2% and shares of Stabillis Solutions up about 6.3% on the day. Also showing relative strength are oil & gas exp
juvaida khatun/iStock via Getty Images Fund Highlights Employs flexibility by allocating assets among core investments and opportunistic investments as market conditions change Identifies companies and securities that are believed to offer attractive relative values when compared to their fundamental credit risk Actively hedges portfolio risks, including credit, interest rate and currency, in an e...
juvaida khatun/iStock via Getty Images Fund Highlights Employs flexibility by allocating assets among core investments and opportunistic investments as market conditions change Identifies companies and securities that are believed to offer attractive relative values when compared to their fundamental credit risk Actively hedges portfolio risks, including credit, interest rate and currency, in an effort to preserve capital Consists of several broad investment categories, including high yield bonds, bank loans, special situations, structured credit and hedges Market Recap Risk assets experienced modest weakness during the first quarter of 2026 as markets digested evolving macroeconomic conditions and shifting rate expectations. While economic growth remained positive and corporate fundamentals generally resilient, volatility increased amid persistent inflation concerns and uncertainty around the Federal Reserve's (Fed) policy path. High yield bonds (proxy: ICE BofA U.S. High Yield Constrained Index) declined approximately -0.6% during the quarter, while syndicated loans also posted negative returns. Returns were pressured by spread widening and modest price declines, particularly in lower-quality segments of the market. Despite near-term volatility, the broader backdrop for credit remained constructive. Corporate fundamentals were stable, default rates remained low, and issuers continued to benefit from extended maturity profiles and manageable refinancing needs. However, tight valuations entering the year left markets more susceptible to bouts of volatility. Portfolio Review The Touchstone Ares Credit Opportunities Fund (Class A Shares, Load Waived)( TMARX ) outperformed its benchmark, the ICE BofA U.S. High Yield Constrained Index, for the quarter ended March 31, 2026. Relative performance was driven by the Fund's high yield bond and stressed/distressed debt allocation. This was partially offset by weakness in the Fund's allocations to syndicated loans and structure...
Anthropic ( ANTHRO ) has picked Morgan Stanley ( MS ) and Goldman Sachs Group ( GS ) to lead its initial public offering, people familiar with the matter told Bloomberg News. The Amazon-backed ( AMZN ) Anthropic, which stands as the primary competitor of the Microsoft-backed ( MSFT ) OpenAI ( OPENAI ), has lined up banks to lead the IPO work amid a race to go public before OpenAI, according to the...
Anthropic ( ANTHRO ) has picked Morgan Stanley ( MS ) and Goldman Sachs Group ( GS ) to lead its initial public offering, people familiar with the matter told Bloomberg News. The Amazon-backed ( AMZN ) Anthropic, which stands as the primary competitor of the Microsoft-backed ( MSFT ) OpenAI ( OPENAI ), has lined up banks to lead the IPO work amid a race to go public before OpenAI, according to the people who asked not to be identified as the information is private. JPMorgan Chase ( JPM ) is also working on the IPO, the sources reportedly said. Earlier this month, Anthropic confidentially submitted its draft IPO prospectus to the U.S. Securities and Exchange Commission. The operator of the AI model, Claude, is weighing going public as soon as October, Bloomberg reported on Wednesday, June 3. More banks could be added to the lineup, according to the sources. Anthropic's latest $65B funding round valued the company at $965B, surpassing OpenAI as the world's most valuable AI startup. Yesterday, Anthropic said it is expanding its cybersecurity initiative, known as Project Glasswing, to another 150 new organizations. Intercontinental Exchange ( ICE ), the parent company of the NYSE, announced today it is also a part of the cybersecurity initiative. As part of the initiative, ICE has deployed Anthropic's Claude Mythos Preview into its cybersecurity infrastructure to help identify and remediate any vulnerabilities before they can be exploited through emerging AI capabilities. "As part of Project Glasswing, we’re advancing the use and sophistication of AI across our cybersecurity in a manner that is secure, auditable, and designed for regulated industries," said ICE President Ben Jackson. More on related tickers 5 Things To Consider Ahead Of Anthropic's IPO JPMorgan Chase & Co. (JPM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript The Goldman Sachs Group, Inc. (GS) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Anthrop...