Federal Reserve Governor Stephen Miran explains why he thinks it makes sense for interest rates to be lowered during a Bretton Woods event in Washington, D.C. (Source: Bloomberg)
Federal Reserve Governor Stephen Miran explains why he thinks it makes sense for interest rates to be lowered during a Bretton Woods event in Washington, D.C. (Source: Bloomberg)
Jacob Wackerhausen/iStock via Getty Images The following segment was excerpted from the Longleaf Partners Small-Cap Fund Q1 2026 Commentary . Notable Contributors & Detractors Boston Beer ( SAM ) – Alcoholic beverage company Boston Beer was a contributor for the quarter as industry data improved compared to last year. Sentiment around the industry appears to be leveling off after two years of head...
Jacob Wackerhausen/iStock via Getty Images The following segment was excerpted from the Longleaf Partners Small-Cap Fund Q1 2026 Commentary . Notable Contributors & Detractors Boston Beer ( SAM ) – Alcoholic beverage company Boston Beer was a contributor for the quarter as industry data improved compared to last year. Sentiment around the industry appears to be leveling off after two years of headwinds from changes in consumption habits. The company reported solid first quarter results that were highlighted by continued improvement in gross margins. Recent innovation Sun Cruiser is growing volumes rapidly as the brand expands nationwide to take advantage of the sizable runway remaining in the ready-to-drink tea space. The company also continues to make progress in fixing problems at Twisted Tea, their largest brand. Boston Beer remains both an active share repurchaser and attractive acquisition target as alcohol industry consolidation looks to be on the horizon. Shenandoah Telecommunications ( SHEN ) – Telecom company Shenandoah was a contributor for the quarter. The company reported a solid set of results that helped the market wake up to these off-the-radar assets that we started buying last year. While parts of this unique company are technically “legacy” telecom, Shenandoah made the wise call to focus on building out its fiber business years ago. This led to decreased short-term earnings power and a higher leverage ratio on reported EBITDA, but the company built a substantial amount of value with this capital allocation decision. Now a strong majority of its value comes from this great, growing business. Shenandoah also wisely securitized most of its fiber assets in the 4th quarter to improve the balance sheet. The company is now getting closer to FCF positive in 2027, and earnings growth should continue to be strong thereafter. Empire State Realty ( ESRT ) and Alexander’s ( ALX ) – We wrote about these two New York real estate companies together in a previous n...
The world is watching oil prices very closely right now, thanks to the geopolitical conflict in the Middle East. That makes total sense given the importance of energy to the global economy. However, you don't have to worry about what will happen to your dividends when oil prices fall if you own Enterprise Products Partners (NYSE: EPD) . Here's how you know its lofty 5.8% yield is safe. For starter...
The world is watching oil prices very closely right now, thanks to the geopolitical conflict in the Middle East. That makes total sense given the importance of energy to the global economy. However, you don't have to worry about what will happen to your dividends when oil prices fall if you own Enterprise Products Partners (NYSE: EPD) . Here's how you know its lofty 5.8% yield is safe. For starters, Enterprise is one of the largest midstream businesses in North America. This master limited partnership (MLP) owns assets such as pipelines and storage facilities. It charges energy producers fees for using its assets. The price of the commodities moving through its system isn't really that important. The key factor is the volume being moved, which is high almost all the time because of oil's importance to modern life. Image source: Getty Images. Continue reading
Roku continues to solidify itself in a very busy streaming landscape. As of April, over 100 million households are streaming with Roku devices, including its streaming sticks and boxes and Roku TVs. Roku originally spun out of Netflix in 2008, where it was conceived as an in-house streaming device. It's not just Roku that has exploded in popularity since then, as streaming services have come to do...
Roku continues to solidify itself in a very busy streaming landscape. As of April, over 100 million households are streaming with Roku devices, including its streaming sticks and boxes and Roku TVs. Roku originally spun out of Netflix in 2008, where it was conceived as an in-house streaming device. It's not just Roku that has exploded in popularity since then, as streaming services have come to dominate the entertainment world. Netflix had less than 10 million subscribers in 2008 , but now has over 325 million ; Hulu, which also launched to the public in 2008, had 64.1 million subscribers in the US by late 2025; and Disney Plus had over 131 … Read the full story at The Verge.
ORSER Capital Management, LLC disclosed a sale of 43,215 shares of Workiva (NYSE:WK) in its April 16, 2026, SEC filing, with an estimated transaction value of $3.01 million based on quarterly average pricing. According to an SEC filing dated April 16, 2026, ORSER Capital Management, LLC reduced its holding in Workiva by 43,215 shares during the first quarter of 2026. The estimated transaction valu...
ORSER Capital Management, LLC disclosed a sale of 43,215 shares of Workiva (NYSE:WK) in its April 16, 2026, SEC filing, with an estimated transaction value of $3.01 million based on quarterly average pricing. According to an SEC filing dated April 16, 2026, ORSER Capital Management, LLC reduced its holding in Workiva by 43,215 shares during the first quarter of 2026. The estimated transaction value is $3.01 million, calculated using the average closing price over the quarter. The fund ended the period with 3,972 shares, and the position's quarter-end value decreased by $3.83 million, reflecting both trading and price movement. Following the sale, Workiva represents 0.15% of ORSER Capital Management's 13F AUM. Continue reading
Rafmaster/iStock via Getty Images By Carsten Brzeski, Global Head of Macro At the last meeting, one month ago, the ECB was already sounding more alarmed about the inflationary risks stemming from the war in the Middle East and made a clear hawkish pivot. The just-released minutes reinforce this shift and portray an ECB in no hurry to react. In the good old days, the central bank would have called ...
Rafmaster/iStock via Getty Images By Carsten Brzeski, Global Head of Macro At the last meeting, one month ago, the ECB was already sounding more alarmed about the inflationary risks stemming from the war in the Middle East and made a clear hawkish pivot. The just-released minutes reinforce this shift and portray an ECB in no hurry to react. In the good old days, the central bank would have called this approach ‘being vigilant’. Here are some of the highlights: Base case too benign. "It was argued that the baseline projection for growth could still be seen as too benign, especially since the war could precipitate non-linear effects on growth." Accentuate the positives. “A diversion of tourism from the Middle East to the euro area could boost the economy, while the latest trade deals with India and Australia could support growth over the longer term.” Overall risks to the growth outlook tilted to the downside and to the upside for inflation. “Members assessed that the risks to the growth outlook were tilted to the downside, especially in the near term. The war in the Middle East was a downside risk to the euro area economy, adding to the volatile global policy environment.” Stronger pass-through than in 2022? Really? “It was argued that the pass-through from higher energy prices to goods inflation might be stronger than had been assumed in the baseline projections. In addition, some prospective fiscal support measures in response to the shock could put upward pressure on inflation.” Too optimistic on wage growth? “On the other hand, it was argued that the upward revision to the staff projection for wage growth seemed somewhat surprising given the slowing wage growth in the fourth quarter of 2025, the recent downward revision of the ECB wage tracker for 2026, the cooling labour market and weaker expected economic growth due to the energy price shock.” Inflation outlook fundamentally changed. “Starting with the inflation outlook, the war in the Middle East had fundament...
In this article IONQ QBTS QUBT RGTI Follow your favorite stocks CREATE FREE ACCOUNT A Rigetti quantum computer displayed at the Nvidia booth during the Nvidia GTC (GPU Technology Conference) in Washington, DC, US, on Wednesday, Oct. 29, 2025. Kent Nishimura | Bloomberg | Getty Images Quantum stocks climbed on Thursday, adding to a massive week-to-date rally fueled by enthusiasm for Nvidia 's new o...
In this article IONQ QBTS QUBT RGTI Follow your favorite stocks CREATE FREE ACCOUNT A Rigetti quantum computer displayed at the Nvidia booth during the Nvidia GTC (GPU Technology Conference) in Washington, DC, US, on Wednesday, Oct. 29, 2025. Kent Nishimura | Bloomberg | Getty Images Quantum stocks climbed on Thursday, adding to a massive week-to-date rally fueled by enthusiasm for Nvidia 's new open-source artificial intelligence models designed to advance the burgeoning computing technology. Since the start of the week, IonQ shares have skyrocketed 50%, as have shares of D-Wave Quantum . Quantum Computing and Rigetti Computing have surged more than 20% each. The rally comes on the heels of Nvidia's unveiling of Ising , a new family of open-source models aimed at accelerating the adoption of quantum computing. "AI is essential to making quantum computing practical," Nvidia CEO Jensen Huang said in a statement. "With Ising, AI becomes the control plane — the operating system of quantum machines — transforming fragile qubits to scalable and reliable quantum-GPU systems." Nvidia explained further in a press release that Ising "provides high-performance, scalable AI tools for quantum error correction and calibration — two of the most critical challenges in building hybrid-quantum classical systems." The chip giant named Ising after a famous mathematical model. Nvidia's announcement aired on what's become known as " World Quantum Day ," ever since an international group of scientists announced in 2021 that April 14th should be used to promote public awareness of quantum technology. The date was chosen because 4.14 represents the first three digits of a key concept in quantum physics known as the Planck constant. Read more CNBC tech news Amazon sellers boycott ads in policy change revolt: 'We're running out of f---ing margin' TSMC and ASML post-earnings stock moves could be a sign of what's to come from chip companies The public sours on AI and data centers as Anthropic,...
Amalgamated Bank CEO Priscilla Sims Brown joined Bloomberg Open Interest to break down why her bank is thriving in a “higher for longer” rate world. She reveals why loyal, values-driven clients matter more than interest rates, highlights booming demand in clean energy lending, and hints at a wave of potential bank mergers ahead. (Source: Bloomberg)
Amalgamated Bank CEO Priscilla Sims Brown joined Bloomberg Open Interest to break down why her bank is thriving in a “higher for longer” rate world. She reveals why loyal, values-driven clients matter more than interest rates, highlights booming demand in clean energy lending, and hints at a wave of potential bank mergers ahead. (Source: Bloomberg)
JulyVelchev/iStock via Getty Images Solid, But Not The Greatest Long-term Track Record The iShares MSCI Sweden ETF ( EWD ), a +$320M-sized passively managed ETF (it covers the MSCI Sweden 25/50 Index through representation sampling) that offers exposure to 42 Swedish stocks (two-thirds of which are large-caps ), reached the landmark of completing three decades on the bourses last month. While EWD ...
JulyVelchev/iStock via Getty Images Solid, But Not The Greatest Long-term Track Record The iShares MSCI Sweden ETF ( EWD ), a +$320M-sized passively managed ETF (it covers the MSCI Sweden 25/50 Index through representation sampling) that offers exposure to 42 Swedish stocks (two-thirds of which are large-caps ), reached the landmark of completing three decades on the bourses last month. While EWD (which we’ve previously written about a couple of times now) has done very well to generate returns of over 850% since its inception in March 1996, it has still lagged global markets by quite a large margin, with the gap between the two pockets expanding in recent years (basically since the second half of 2021). YCharts Is there potential for EWD to narrow this gap in the years ahead? Well, let’s gauge some of the key vectors behind the Swedish story and see if they have the potential of driving strong bullish interest towards EWD. Macro Position Looks Relatively Healthy For starters, it’s fair to say that Sweden’s macro position looks quite healthy and is poised to see a greater uptick ahead. It wouldn’t necessarily be fair to expect Sweden- an advanced economy and the largest from the Nordic region in GDP terms- to grow at the same pace as the globe, which includes a good chunk of high growth emerging markets. However, if you compare Sweden to its closer peers from the Nordic area, as well as the broader European region, there’s a lot of comfort to take. IMF To elaborate, after seeing real GDP growth of 1.5% in FY25 (roughly on par with Europe), the IMF expects growth in Sweden this year to step up to 2%, which would make it the fastest growing Nordic economy alongside Denmark (which is actually on course to see a slowdown in growth from the 2.9% that was seen last year), and a good 70bps more than Europe. In the initial months of 2026, we’ve seen the traditional energy supply chain of the globe get upended by the ongoing war in the Middle East, and the effects of this ar...
BlackJack3D/iStock via Getty Images Massive AI chip demand in the Data Center market caused Taiwan Semiconductor Manufacturing Company Limited aka TSMC ( TSM ) to report better-than-expected earnings and revenues for the first fiscal quarter on Thursday. TSMC is one of the first AI-focused chip companies to publish results for Q1 ’26 , meaning its earnings report is usually widely followed as it g...
BlackJack3D/iStock via Getty Images Massive AI chip demand in the Data Center market caused Taiwan Semiconductor Manufacturing Company Limited aka TSMC ( TSM ) to report better-than-expected earnings and revenues for the first fiscal quarter on Thursday. TSMC is one of the first AI-focused chip companies to publish results for Q1 ’26 , meaning its earnings report is usually widely followed as it gives investors important insights into the strength of CapEx spending in the Data Center market. The chipmaker benefited from soaring demand for advanced nodes, especially for 3nm and 2nm, which is driving record revenue and gross profit margin gains for TSMC. Taiwan Semiconductor manufacturing’s shares are trading near all-time highs, but they are still cheap and exhibit, in my opinion, a favorable risk/reward ratio for investors seeking AI exposure. Data by YCharts Previous rating Demand for chips that can handle demanding AI-driven computing processes has soared in recent years, leading TSMC to be a top investment choice for me throughout 2025 and earlier this year: Set For New All-Time Highs . Taiwan Semiconductor Manufacturing's first-quarter earnings report card showed that spending in the Data Center market is not slowing down: TSMC reported gross profit margin gains as a result, and record revenues. What I like specifically about TSMC is that the chipmaker is priced, despite trading around all-time highs, at an affordable P/E ratio of ~25X (FWD). TSMC sails past Q1 ’26 estimates on strong AI demand Taiwan Semiconductor Manufacturing surpassed expectations on both the bottom and top lines when it submitted its Q1 ’26 earnings report on April 16, 2026: the chipmaker, which holds a dominating revenue share north of 70% in the global fab market, reported GAAP earnings of $3.49 per-share, beating the estimate by $0.11 per-share. The top line figure came in at $35.9B and beat both the analyst expectation as well as TSMC’s own guidance. TSMC had another record quarter in Q...
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra QQQ (Symbol: QLD) where we have detected an approximate $611.4 million dollar inflow -- that's a 6.0% increase week over week in outs
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra QQQ (Symbol: QLD) where we have detected an approximate $611.4 million dollar inflow -- that's a 6.0% increase week over week in outs
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra S&P500 (Symbol: SSO) where we have detected an approximate $518.1 million dollar inflow -- that's a 8.2% increase week over week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra S&P500 (Symbol: SSO) where we have detected an approximate $518.1 million dollar inflow -- that's a 8.2% increase week over week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Large Cap Core Active ETF (Symbol: BLCR) where we have detected an approximate $269.9 million dollar inflow -- that's a 6.0% increase week ov
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Large Cap Core Active ETF (Symbol: BLCR) where we have detected an approximate $269.9 million dollar inflow -- that's a 6.0% increase week ov
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) where we have detected an approximate $1.0 billion dollar inflow -- that's a 4.4% incr
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) where we have detected an approximate $1.0 billion dollar inflow -- that's a 4.4% incr
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Bloomberg High Yield Bond ETF (Symbol: JNK) where we have detected an approximate $271.1 million dollar inflow -- that's a 3.9% increase week ov
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Bloomberg High Yield Bond ETF (Symbol: JNK) where we have detected an approximate $271.1 million dollar inflow -- that's a 3.9% increase week ov