U.S. Secretary of State Marco Rubio testifies during a Senate Foreign Relations Committee hearing in the Dirksen Senate Office Building on June 02, 2026 in Washington, DC. Anna Moneymaker | Getty Images Secretary of State Marco Rubio said Tuesday that the U.S. is in talks with Iran and that Tehran has agreed to negotiate parts of its nuclear program it had previously refused to discuss, as lawmake...
U.S. Secretary of State Marco Rubio testifies during a Senate Foreign Relations Committee hearing in the Dirksen Senate Office Building on June 02, 2026 in Washington, DC. Anna Moneymaker | Getty Images Secretary of State Marco Rubio said Tuesday that the U.S. is in talks with Iran and that Tehran has agreed to negotiate parts of its nuclear program it had previously refused to discuss, as lawmakers pressed the Trump administration for a strategy to end the war . "Talks with Iran are not like talks with Switzerland," Rubio told the Senate Foreign Relations Committee. "They require the use of intermediators." Rubio said there is a chance "today," "tomorrow" or "next week" that Iran could engage on nuclear issues that it had refused to discuss "just a month ago, just a year ago." That does not guarantee a deal "acceptable to the Senate or acceptable to the American people," Rubio said, but it would let the U.S. "truly test" how far Iran is willing to go. The comments amounted to a striking shift in tone from the administration's position a day earlier , when Trump told CNBC he did not care if Iran talks were over. Rubio, who also serves as President Donald Trump's national security advisor, appeared before the panel for his first public testimony on the Iran war since U.S. and Israeli strikes began Feb. 28. He defended Trump's decision to launch the war , saying Iran had been trying to build a "conventional shield" of missiles , drones and naval assets around its nuclear program . "If you come and do anything about our nuclear program , we will overwhelm you with missiles, we will overwhelm you with drones, and we will overwhelm you with our navy," Rubio said, describing Iran's posture. Rubio said Iran was seeking a "point of immunity" that Trump acted to deny. He said Operation Epic Fury had been " highly successful ," dramatically reducing Iran's ability to build missiles and drones, though he acknowledged Tehran "still [has] a lot of drones" because they are "easy ...
Guido Mieth/DigitalVision via Getty Images Overview When I previously covered the WisdomTree Equity Premium Income Fund ETF ( WTPI ), the fund had a different name and went by a different ticker. In April of 2025, management decided to rebrand the fund's strategy, so the name shift was necessary. Since the fund has changed, I thought it would be a good time to reassess the value proposition and in...
Guido Mieth/DigitalVision via Getty Images Overview When I previously covered the WisdomTree Equity Premium Income Fund ETF ( WTPI ), the fund had a different name and went by a different ticker. In April of 2025, management decided to rebrand the fund's strategy, so the name shift was necessary. Since the fund has changed, I thought it would be a good time to reassess the value proposition and income potential for investors. When I last covered the fund, I issued a buy rating due to its solid portfolio strategy and potential for income. Since then, the fund has provided a total return above 20%. Looking at the performance over the last twelve months, we can see that WTPI's share price has increased by roughly 5.9%. The fund has demonstrated that it is capable of partially participating in the upside growth of the market over time. When including all distributions that were paid out to shareholders, the total return jumps up to about 19.6% over the same time frame. The main appeal of WTPI is the high starting dividend yield of 12% while issuing those payouts on a monthly basis. Although the starting yield is attractive and the total return looks solid, there are some major tradeoffs that investors should consider. For instance, WTPI doesn't actually own any common shares of equities within its portfolio, which directly limits its ability to fully participate in the strong market rally. Instead, the fund is pursuing income generation through written options, which also comes with its own set of risks and vulnerabilities. Therefore, WTPI makes the most sense as an accompanying position for investors that already have a diversified portfolio of assets. Fund Strategy According to the latest fund overview , WTPI has total assets of $478.8M that are mostly allocated to U.S. Treasuries. Instead of buying constituents of an index, WTPI takes a synthetic approach to its index replication. Since the fund is actively managed, the expense ratio sits a bit high at 0.44%. Conside...
Shares of Strategy (NASDAQ:MSTR) are down 10% in mid-morning trading Tuesday, while Coinbase (NASDAQ:COIN) stock is off 6%. The catalyst is the tape under both names: Bitcoin (CRYPTO:BTC) has broken below $70,000. Strategy stock is trading around $135 after a Monday close of $149.78. Coinbase stock is changing hands near $172 versus Monday’s $182.61 close. ... Strategy Crashes 10%, Coinbase Falls ...
Shares of Strategy (NASDAQ:MSTR) are down 10% in mid-morning trading Tuesday, while Coinbase (NASDAQ:COIN) stock is off 6%. The catalyst is the tape under both names: Bitcoin (CRYPTO:BTC) has broken below $70,000. Strategy stock is trading around $135 after a Monday close of $149.78. Coinbase stock is changing hands near $172 versus Monday’s $182.61 close. ... Strategy Crashes 10%, Coinbase Falls 6% as Bitcoin Breaks $70,000 Floor in Day-Two Selloff
Beyond Amazon's (AMZN) familiar cloud and retail operations, a new identity is forming inside the company. Management now frames its custom silicon unit as one of the world's top three data center chip businesses. This internal capability is not just a cost-saving measure; it is a distinct and rapidly growing technology venture.
Beyond Amazon's (AMZN) familiar cloud and retail operations, a new identity is forming inside the company. Management now frames its custom silicon unit as one of the world's top three data center chip businesses. This internal capability is not just a cost-saving measure; it is a distinct and rapidly growing technology venture.
OpenAI is expanding the functionality of its artificial intelligence coding agent for a number of professions beyond software engineering, a bid to compete with rivals such as Anthropic PBC in signing up more business customers. The ChatGPT maker on Tuesday unveiled a series of new tools, or plugins, for its Codex agent that are intended for fielding tasks related to public equity investment, bank...
OpenAI is expanding the functionality of its artificial intelligence coding agent for a number of professions beyond software engineering, a bid to compete with rivals such as Anthropic PBC in signing up more business customers. The ChatGPT maker on Tuesday unveiled a series of new tools, or plugins, for its Codex agent that are intended for fielding tasks related to public equity investment, banking and sales, among other roles. OpenAI said it plans to add more features soon for legal and corporate finance. And the company plans to integrate Codex into its flagship chatbot. OpenAI and Anthropic have been locked in a heated contest to convince a wider mix of businesses to pay for their AI services as the two firms race to go public as soon as this year. Anthropic has previously unveiled agents and plugins for financial services and legal tasks , and rattled public market investors in legacy software companies. Unlike Anthropic, OpenAI started as a consumer service. OpenAI’s executives have said the company now aims to have half its revenue come from enterprise customers by the end of this year. Both OpenAI and Anthropic have gained momentum by selling more advanced AI tools to streamline software development, a lucrative market for the technology. Codex, which launched last year, now has more than 5 million weekly users, OpenAI said. Some 20% of those users are not developers, according to the company. The new set of Codex tools, announced during a livestreamed event on Tuesday, also include more general features for creating internal workplace apps and editing professional documents.
Hack your DAW. | Image: Ableton Ableton already has Max for Live , which allows users to build MIDI effects, synths, and samplers for its digital audio workstation (DAW). But now with its Extensions SDK , features can be added to Ableton Live with common JavaScript. Where Max is largely limited to MIDI and audio processing, Extensions can touch almost any part of the DAW simply by right-clicking w...
Hack your DAW. | Image: Ableton Ableton already has Max for Live , which allows users to build MIDI effects, synths, and samplers for its digital audio workstation (DAW). But now with its Extensions SDK , features can be added to Ableton Live with common JavaScript. Where Max is largely limited to MIDI and audio processing, Extensions can touch almost any part of the DAW simply by right-clicking within your Live set. The company provides a handful of example extensions that include the ability to bulk rename tracks, sketch out song arrangements, and slice up samples. The idea is that extensions can simplify tedious tasks, provide creative sparks, or even connect Live to oth … Read the full story at The Verge.
SAIC currently faces a maximum supplementary tariff of 35.3% on its imported EVs after the European Union designated the company as uncooperative during a recent anti-subsidy probe. Photo: VCG Chinese automaker SAIC Motor Corp. Ltd. plans to invest 200 million euros ($232 million) to build a passenger vehicle plant in Spain for its MG brand. The factory, located in the northwestern region of Galic...
SAIC currently faces a maximum supplementary tariff of 35.3% on its imported EVs after the European Union designated the company as uncooperative during a recent anti-subsidy probe. Photo: VCG Chinese automaker SAIC Motor Corp. Ltd. plans to invest 200 million euros ($232 million) to build a passenger vehicle plant in Spain for its MG brand. The factory, located in the northwestern region of Galicia, will have an annual production capacity of 120,000 vehicles, with construction slated for 2027 and production expected to begin in 2028, the local government announced on Monday.
Shares in Fannie Mae and Freddie Mac tumbled Tuesday as traders reacted to President Donald Trump’s announcement that Bill Pulte, the chair of the two government-backed mortgage giants, would serve as acting director for national intelligence.
Shares in Fannie Mae and Freddie Mac tumbled Tuesday as traders reacted to President Donald Trump’s announcement that Bill Pulte, the chair of the two government-backed mortgage giants, would serve as acting director for national intelligence.
Welcome to The Brink . I’m Giulia Morpurgo , a reporter in London tracking the spread of English-born tools to restructure debt. We also have news on a public brawl between a South Korean retailer, its billionaire backer and the lender who bankrolled them. Follow this link to subscribe . Send us feedback and tips at debtnews@bloomberg.net . English Export Companies across Europe are increasingly t...
Welcome to The Brink . I’m Giulia Morpurgo , a reporter in London tracking the spread of English-born tools to restructure debt. We also have news on a public brawl between a South Korean retailer, its billionaire backer and the lender who bankrolled them. Follow this link to subscribe . Send us feedback and tips at debtnews@bloomberg.net . English Export Companies across Europe are increasingly turning to restructuring tools that allow them to overhaul debt outside traditional court processes. One of the latest techniques to gain traction is the distressed disposal, a mechanism that can help companies sidestep lengthy proceedings and dissenting minority creditors. The procedure stems from provisions in intercreditor agreements drafted under English law and has already been widely used across Europe. More recently, however, it was deployed to push through a debt overhaul for an Italian medical devices company, marking a first for the country and highlighting how these restructuring techniques are spreading to traditionally more conservative jurisdictions. Medical Technology and Devices , also known as MTD and owned by private equity firms Investindustrial and QuattroR , is using the tool to restructure its remaining liabilities after selling its consumer health division, Pic Solution , according to filings released last month and people familiar with the matter. The unit sale, completed in December, generated proceeds that were used to repay roughly €200 million of debt. Meanwhile, the shares in MTD and the remaining liabilities — around €225 million — were transferred to newly incorporated Luxembourg entities, which put in place new financing facilities and contractual arrangements. As a result, lenders no longer have recourse to the former borrower and guarantor group. In a distressed disposal, a company can transfer its assets to a new vehicle at the direction of a majority of a creditor class, typically senior lenders. In MTD’s case, approval from two-thirds of ...
Brendon McCullum backs quick bowler to bring ‘noise’ Gus Atkinson could play if conditions less hot at Lord’s England have announced a slimmed-down squad of 12 for the first match of the summer, against New Zealand at Lord’s starting on Thursday, postponing until the last minute a decision over whether to reward the “full noise” approach of Hampshire’s Sonny Baker with a Test debut. The approach m...
Brendon McCullum backs quick bowler to bring ‘noise’ Gus Atkinson could play if conditions less hot at Lord’s England have announced a slimmed-down squad of 12 for the first match of the summer, against New Zealand at Lord’s starting on Thursday, postponing until the last minute a decision over whether to reward the “full noise” approach of Hampshire’s Sonny Baker with a Test debut. The approach mirrors that at the first Ashes Test last November, when England announced a 12-man squad that featured both Mark Wood and Shoaib Bashir before opting in the end for Wood’s extra pace. On this occasion Bashir will play, having been preferred to Rehan Ahmed as the team’s frontline spinner, while Jacob Bethell is fit after a finger injury and also able to bowl if required. Continue reading...
The Department of Commerce recently announced letters of intent to invest $2 billion across nine quantum computing companies under the CHIPS and Science Act. In exchange, the government will receive a minority equity stake in each business. With the U.S. government becoming a shareholder in the quantum industry, smart investors should start paying serious attention to how this technology could bec...
The Department of Commerce recently announced letters of intent to invest $2 billion across nine quantum computing companies under the CHIPS and Science Act. In exchange, the government will receive a minority equity stake in each business. With the U.S. government becoming a shareholder in the quantum industry, smart investors should start paying serious attention to how this technology could become the next frontier in artificial intelligence (AI). Image source: Getty Images. Continue reading
Can Intel's Expanded AI Infrastructure Portfolio Drive Future Growth? Yahoo Finance Intel Announces New AI Innovations at Computex — Chip to Rackscale AI Solutions Delivered to Customers with the Help of Strategic Industry Partners Business Wire Intel rises after CFO highlights CPU demand, ramping 18A supply Seeking Alpha
Can Intel's Expanded AI Infrastructure Portfolio Drive Future Growth? Yahoo Finance Intel Announces New AI Innovations at Computex — Chip to Rackscale AI Solutions Delivered to Customers with the Help of Strategic Industry Partners Business Wire Intel rises after CFO highlights CPU demand, ramping 18A supply Seeking Alpha
US President Donald Trump has named federal housing regulator Bill Pulte as acting director of national intelligence, entrusting oversight of America’s intelligence agencies to a close political ally whose career has been rooted in housing finance rather than national security. Trump announced the appointment on Tuesday, saying Pulte would replace Tulsi Gabbard, who stepped down last month after c...
US President Donald Trump has named federal housing regulator Bill Pulte as acting director of national intelligence, entrusting oversight of America’s intelligence agencies to a close political ally whose career has been rooted in housing finance rather than national security. Trump announced the appointment on Tuesday, saying Pulte would replace Tulsi Gabbard, who stepped down last month after citing her husband’s cancer diagnosis. The move places the 38-year-old director of the Federal...
Alones Creative/iStock via Getty Images The conflict with Iran and the effective closure of the Strait of Hormuz past the three-month mark over the weekend. The ' ceasefire ' continues to hold despite sporadic hostile actions by the primary parties to this conflict. Stellar first-quarter results/guidance from semiconductor names like Intel ( INTC ) and Micron Technology ( MU ) as well as AI relate...
Alones Creative/iStock via Getty Images The conflict with Iran and the effective closure of the Strait of Hormuz past the three-month mark over the weekend. The ' ceasefire ' continues to hold despite sporadic hostile actions by the primary parties to this conflict. Stellar first-quarter results/guidance from semiconductor names like Intel ( INTC ) and Micron Technology ( MU ) as well as AI related names like Snowflake, Inc. ( SNOW ) pushed the NASDAQ eight percent higher in May . Market concentration in the technology sector has surpassed the levels of the height of the Internet Boom. The State Street Technology Select Sector SPDR ETF ( XLK ) was up 20% last month. Bespoke Investment Research What also has helped power a huge rally since the end of March has been continued hopes that the conflict with Iran will end soon. Every day there are tweets, articles, and commentary that, if nothing else, have spurred continued anticipation that the current ceasefire will at least be officially extended for a month or two while negotiations continue. Waiting for this to actually happen feels a lot like the play ' Waiting For Godot ' at this point. Goldman Sachs Investment Research More importantly, investors have displayed consistent hopes that an eventful peace agreement will quickly reopen the critical global chokepoint, the Strait of Hormuz. Some 20% of global oil exports flowed through this critical transit point before the U.S.'s latest adventure in the Middle East. While some workarounds have been put in place to move some oil and other exports around this blockage, over 10 million barrels a day are offline. This is the biggest global energy shock since the OPEC embargo of 1973. Goldman Sachs The United States has been more insulated than Europe and Asia from these events to this point, given the country's much higher energy production and independence. The impacts on the oil market have been mitigated by the drawdowns in strategic petroleum reserves in the U.S., Europ...