March NY world sugar #11 (SBH26 ) today is up +0.08 (+0.56%), and May London ICE white sugar #5 (SWK26 ) is up +0.20 (+0.05%). Sugar prices are moving higher today, with NY sugar posting a 2.5-week high and London sugar posting a 1.5-week high. Strength in the Brazilian real...
March NY world sugar #11 (SBH26 ) today is up +0.08 (+0.56%), and May London ICE white sugar #5 (SWK26 ) is up +0.20 (+0.05%). Sugar prices are moving higher today, with NY sugar posting a 2.5-week high and London sugar posting a 1.5-week high. Strength in the Brazilian real...
Options traders are betting on further woes for software firms, which are seeing their shares slump again after a Citrini Research report on artificial-intelligence risks for the sector. Traders are buying put options on a fund that tracks an index of leveraged loans to companies including software sellers such as McAfee Corp. and Proofpoint Inc . Over the past three weeks, the total of bearish op...
Options traders are betting on further woes for software firms, which are seeing their shares slump again after a Citrini Research report on artificial-intelligence risks for the sector. Traders are buying put options on a fund that tracks an index of leveraged loans to companies including software sellers such as McAfee Corp. and Proofpoint Inc . Over the past three weeks, the total of bearish options bets placed on the ETF has reached more than 400,000 contracts, or 40 million shares, pushing open interest in puts to the highest since 2023. On Monday, an investor bought 30,000 April $20 puts in the Invesco Senior Loan ETF ( BKLN ). The position would break even on a 3.5% drop — to below the lowest levels from April 2025 — for the fund, which has about 18% exposure to software, according to Susquehanna International Group. That was followed by 50,000 puts that will be in the money if the ETF sinks the same amount by mid-July. The fund, which has a market value of roughly $6.8 billion, was down about 1% to $20.44 on Monday afternoon, falling to the lowest since April 10, when tariff turmoil was roiling markets. The ETF has seen four straight weeks of outflows, totaling almost $1 billion, according to data compiled by Bloomberg. Monday’s trades are likely to further inflate overall put positions. The transactions followed a series of deals last week that showed investors lining up protection against declines in the ETF, as well as bailing out of bets on a rebound in software stocks. An investor or investors purchased a total of 250,000 July $20 puts last week, as well as buying 100,000 of the April $20 puts earlier in February. An investor also appeared to give up on a rebound bet. A trader sold March $92 call options in iShares Expanded Tech-Software Sector ETF ( IGV ), closing a position that was opened about two weeks ago amid the sharp selloff in software firms. The investor was “throwing in the towel as the sector continues to underperform,” according to analysi...
Win McNamee/Getty Images News Senior Defense Department officials are cautioning President Trump about the potential consequences of a drawn-out military operation against Iran, warning that some of the plans under review could expose U.S. and allied forces to casualties, strain air-defense resources and stretch the military thin, The Wall Street Journal reported Monday. According to current and f...
Win McNamee/Getty Images News Senior Defense Department officials are cautioning President Trump about the potential consequences of a drawn-out military operation against Iran, warning that some of the plans under review could expose U.S. and allied forces to casualties, strain air-defense resources and stretch the military thin, The Wall Street Journal reported Monday. According to current and former officials cited by the news outlet, Gen. Dan Caine, chairman of the Joint Chiefs of Staff, has been among those voicing concerns during internal Pentagon discussions and National Security Council meetings. Other defense leaders have echoed similar reservations about the scope and sustainability of certain proposals. Officials familiar with the deliberations emphasized that such assessments are a routine part of contingency planning. Military leaders, particularly the Joint Chiefs chair, are expected to outline likely casualty estimates, logistical demands and other operational costs before any action is taken. The options under consideration reportedly range from limited, targeted strikes to a multi-day air campaign that could aim to destabilize or even topple Iran’s leadership. While each scenario carries inherent risks, defense officials say an extended operation could significantly drain U.S. munitions stockpiles and air-defense systems, potentially complicating efforts to shield American partners in the region if Tehran retaliates. There are also broader strategic concerns. Heavy use of air-defense interceptors and other high-demand weaponry, already in finite supply, could affect U.S. readiness for other contingencies, including a potential future confrontation with China. According to the Journal’s reporting, officials said the issues raised by Caine, who is widely regarded as a trusted adviser to the president, will factor into Trump’s ultimate decision. The president has not yet reached a conclusion, they added. In the meantime, the United States has amassed s...
Anthropic ( ANTHRO ) on Monday accused several Chinese artificial intelligence laboratories of attacking its models and stealing its data to improve their own respective AI models. “We’ve identified industrial-scale distillation attacks on our models by DeepSeek, Moonshot AI, and MiniMax,” Anthropic said . “These labs created over 24,000 fraudulent accounts and generated over 16 million exchanges ...
Anthropic ( ANTHRO ) on Monday accused several Chinese artificial intelligence laboratories of attacking its models and stealing its data to improve their own respective AI models. “We’ve identified industrial-scale distillation attacks on our models by DeepSeek, Moonshot AI, and MiniMax,” Anthropic said . “These labs created over 24,000 fraudulent accounts and generated over 16 million exchanges with Claude, extracting its capabilities to train and improve their own models.” The process known as distillation, where a large AI model is used to train or mimic a smaller, less complex model, is widely accepted in the industry. However, Anthropic is accusing the aforementioned companies, including DeepSeek ( DEEPSEEK ), of removing safeguards, and putting model capabilities where they can be applied for usage in military, intelligence, or surveillance needs. Delving deeper, Anthropic said that DeepSeek was responsible for more than 150,000 exchanges, with the operations going after reasoning capabilities across different tasks; Rubric-based grading tasks that made Anthropic's Claude function as a reward model; and creating censorship-safe alternatives for certain sensitive queries. Moonshot AI, which has received funding from Alibaba ( BABA ), among others, has been accused of more than 3.4M exchanges that targeted agentic reasoning, coding and data analysis, computer-use agent development, and computer vision. MiniMax, which went public in Hong Kong last month, was accused of more than 13M exchanges that targeted agentic coding tool use and orchestration. “These attacks are growing in intensity and sophistication,” Anthropic added. “Addressing them will require rapid, coordinated action among industry players, policymakers, and the broader AI community.” DeepSeek, Moonshot AI, and MiniMax did not immediately respond to a request for comment from Seeking Alpha. More on Anthropic and Chinese AI labs From Deep Value To High Growth - Rethinking My Alibaba Position Alibaba:...
Panamanian President José Raul Mulino ordered the temporary occupation of two ports run by a unit of Hong Kong-based CK Hutchison Holdings Ltd after the country’s constitutional court ruled against the firm’s concession. In a speech on Monday, Mulino said the administration and operation of the two ports on the strategic Panama Canal will revert to the country’s National Maritime Authority to “gua...
Panamanian President José Raul Mulino ordered the temporary occupation of two ports run by a unit of Hong Kong-based CK Hutchison Holdings Ltd after the country’s constitutional court ruled against the firm’s concession. In a speech on Monday, Mulino said the administration and operation of the two ports on the strategic Panama Canal will revert to the country’s National Maritime Authority to “guarantee the uninterrupted, safe and efficient operation of the ports.” Mulino said the occupation applies to movable equipment at the ports and “does not imply the definitive loss of ownership rights.” He said the state will return the property, which includes cranes, to its owners “when the determining reason for the occupation ceases” and pay corresponding compensation, unless the equipment is sold to a new party. APM Terminals , a division of AP Moller-Maersk , will operate one of the ports in the interim while a local unit of Switzerland-based MSC Mediterranean Shipping Company will operate the other of the two ports until a new contract is signed under a new bidding process, La Prensa reported. Panama’s top court struck down CK Hutchison’s concession to operate the ports in January in a blow to China. US Secretary of State Marco Rubio applauded the decision. Panama’s Comptroller General had announced an audit of the concession in January 2025, a week before Donald Trump ’s inauguration.
IBM Plunges After Anthropic's Latest Update Takes On Cobol After disrupting countless Software/SaaS/finance/real estate/broker sectors, Anthropic's Claude is now going after targeted companies. A little before 2pm ET, Bloomberg sent out a headline that Anthropic's Claude has found yet another skillset: *ANTHROPIC SAYS CLAUDE CODE CAN AUTOMATE COBOL MODERNIZATION A herd of panicked IBM longs floode...
IBM Plunges After Anthropic's Latest Update Takes On Cobol After disrupting countless Software/SaaS/finance/real estate/broker sectors, Anthropic's Claude is now going after targeted companies. A little before 2pm ET, Bloomberg sent out a headline that Anthropic's Claude has found yet another skillset: *ANTHROPIC SAYS CLAUDE CODE CAN AUTOMATE COBOL MODERNIZATION A herd of panicked IBM longs flooded to the Claude blog to read more on what is happening. Here's what it found ( excerpted ): COBOL is everywhere. It handles an estimated 95% of ATM transactions in the US. Hundreds of billions of lines of COBOL run in production every day, powering critical systems in finance, airlines, and government. Despite that, the number of people who understand it shrinks every year. The developers who built these systems retired years ago, and the institutional knowledge they carried left with them. Production code has been modified repeatedly over decades, but the documentation hasn't kept up. Meanwhile, we aren't exactly minting replacements—COBOL is taught at only a handful of universities, and finding engineers who can read it gets harder every quarter. Given these roadblocks, how can organizations modernize their systems without losing the reliability, availability, and data they’ve accumulated over decades? And without breaking anything? * * * How AI changes COBOL modernization AI excels at streamlining the tasks that once made COBOL modernization cost-prohibitive. With it, your team can focus on strategy, risk assessment, and business logic while AI automates the code analysis and implementation. * * * Start your COBOL modernization The approach outlined above works for COBOL systems of any size. Tools like Claude Code can automate much of the exploration and analysis work described, giving your team the comprehensive understanding they need to plan and execute migrations confidently. Start with a single component or workflow that has clear boundaries and moderate complexity....
Investors weigh new tariff uncertainty along with fears of AI’s impact during a busy week of tech earnings, with Nvidia and Salesforce in focus. Shanti Kelemen, co-chief investment officer at 7IM, joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Investors weigh new tariff uncertainty along with fears of AI’s impact during a busy week of tech earnings, with Nvidia and Salesforce in focus. Shanti Kelemen, co-chief investment officer at 7IM, joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Anthony Albanese says Australia would not object to his removal from royal succession line A parliamentary inquiry into Andrew Mountbatten-Windsor’s links to Jeffrey Epstein is a matter for MPs, Downing Street has said, as ministers faced a new push to uncover details about the former prince’s role as a trade envoy. It comes as the Australian prime minister, Anthony Albanese, wrote to Keir Starmer...
Anthony Albanese says Australia would not object to his removal from royal succession line A parliamentary inquiry into Andrew Mountbatten-Windsor’s links to Jeffrey Epstein is a matter for MPs, Downing Street has said, as ministers faced a new push to uncover details about the former prince’s role as a trade envoy. It comes as the Australian prime minister, Anthony Albanese, wrote to Keir Starmer to say his country would have no objection to Mountbatten-Windsor being removed from the royal line of succession . Continue reading...
(RTTNews) - The major European stock markets spent much of Monday bouncing back and forth across the unchanged line, but they all managed to finish a choppy trading day under water.
(RTTNews) - The major European stock markets spent much of Monday bouncing back and forth across the unchanged line, but they all managed to finish a choppy trading day under water.
May ICE NY cocoa (CCK26 ) today is down -69 (-2.17%), and March ICE London cocoa #7 (CAH26 ) is down -80 (-3.54%). Cocoa prices are under pressure today but remain above last week's significant lows. Cocoa prices extended their seven-week selloff last week, sinking to 2.75-year lows on the...
May ICE NY cocoa (CCK26 ) today is down -69 (-2.17%), and March ICE London cocoa #7 (CAH26 ) is down -80 (-3.54%). Cocoa prices are under pressure today but remain above last week's significant lows. Cocoa prices extended their seven-week selloff last week, sinking to 2.75-year lows on the...
Robert Way/iStock Editorial via Getty Images The concerns around the artificial intelligence industry are taking their toll on Nvidia Corporation's ( NVDA ) stock performance. Since my previous coverage , the stock price has lost 6% as the unprecedented Capex by major cloud providers is raising big questions regarding AI return on investments. Last time I argued that Nvidia’s dominance is untoucha...
Robert Way/iStock Editorial via Getty Images The concerns around the artificial intelligence industry are taking their toll on Nvidia Corporation's ( NVDA ) stock performance. Since my previous coverage , the stock price has lost 6% as the unprecedented Capex by major cloud providers is raising big questions regarding AI return on investments. Last time I argued that Nvidia’s dominance is untouchable for 2026 amid the rapid development of custom ASIC solutions and the upcoming Helios racks from AMD. With this piece, I would like to build upon my bullish call on NVDA stock by focusing on the supply chain stance. The current supply-demand profile is indicating that the data center infrastructure market could remain capacity constrained well until the end of the decade. This stipulates a strong pricing power for Nvidia NVL rack systems without the need for an embedded sweetener for a large-scale GPU deployment. Nor for the market validation, as the Blackwell architecture continues to be the most powerful engine for AI workloads. Moreover, the company’s valuation slipped to a low 20x forward P/E level, indicating up to 30% upside potential. The Picture is More Colorful Than It Appears The rapid growth of artificial intelligence technology and data center infrastructure is setting extremely high expectations for industry players. Low- to mid-double-digit growth numbers are no longer impressive for market participants, who have been teased by a trillion dollars in AI infrastructure spending forecasts for the AI industry's development. At the same time, a number of names have seen their record valuations, with Nvidia surpassing $5 trillion in market capitalization. Though NVDA has delivered strong financial results and the stock price surged by 41% over the past 12 months, the concerns over the AI bubble haven’t dissipated yet. Data by YCharts Shiller P/E ratio (multpl.com) And that’s a perfectly legitimate fear, especially for those investors sitting on big accumulated ga...
Robert Way/iStock Editorial via Getty Images The concerns around the artificial intelligence industry are taking their toll on Nvidia Corporation's ( NVDA ) stock performance. Since my previous coverage , the stock price has lost 6% as the unprecedented Capex by major cloud providers is raising big questions regarding AI return on investments. Last time I argued that Nvidia’s dominance is untoucha...
Robert Way/iStock Editorial via Getty Images The concerns around the artificial intelligence industry are taking their toll on Nvidia Corporation's ( NVDA ) stock performance. Since my previous coverage , the stock price has lost 6% as the unprecedented Capex by major cloud providers is raising big questions regarding AI return on investments. Last time I argued that Nvidia’s dominance is untouchable for 2026 amid the rapid development of custom ASIC solutions and the upcoming Helios racks from AMD. With this piece, I would like to build upon my bullish call on NVDA stock by focusing on the supply chain stance. The current supply-demand profile is indicating that the data center infrastructure market could remain capacity constrained well until the end of the decade. This stipulates a strong pricing power for Nvidia NVL rack systems without the need for an embedded sweetener for a large-scale GPU deployment. Nor for the market validation, as the Blackwell architecture continues to be the most powerful engine for AI workloads. Moreover, the company’s valuation slipped to a low 20x forward P/E level, indicating up to 30% upside potential. The Picture is More Colorful Than It Appears The rapid growth of artificial intelligence technology and data center infrastructure is setting extremely high expectations for industry players. Low- to mid-double-digit growth numbers are no longer impressive for market participants, who have been teased by a trillion dollars in AI infrastructure spending forecasts for the AI industry's development. At the same time, a number of names have seen their record valuations, with Nvidia surpassing $5 trillion in market capitalization. Though NVDA has delivered strong financial results and the stock price surged by 41% over the past 12 months, the concerns over the AI bubble haven’t dissipated yet. Data by YCharts Shiller P/E ratio (multpl.com) And that’s a perfectly legitimate fear, especially for those investors sitting on big accumulated ga...
Parents and teachers will be wondering what resources ministers can secure for Labour’s revamp of system • Fewer children in England to get EHCPs by 2035 under Send overhaul • Parents of children with Send give changes in England a mixed response • The impact of Send changes in England: four likely scenarios for children There is always an extra cost to delivering a tailored service, which is how ...
Parents and teachers will be wondering what resources ministers can secure for Labour’s revamp of system • Fewer children in England to get EHCPs by 2035 under Send overhaul • Parents of children with Send give changes in England a mixed response • The impact of Send changes in England: four likely scenarios for children There is always an extra cost to delivering a tailored service, which is how Labour describes its new support system for school-age children with special educational needs and disabilities (Send) in England. The Department for Education says it will ditch a “one size fits all” system – one that has “traumatised too many families” – in favour of one that offers “experts at hand” who can assess the individual needs of each pupil. Continue reading...