Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Barings’ David Mihalick, PNC Financial Services CEO Bill Demchak, Ariel Investments’ John Rogers, Gabelli Funds’ John Belton, Seaport Research Partners’ David Joyce, Gerber Kawasaki’s Ross Gerber, AlixPartners’ Jeff Goldstein,...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Barings’ David Mihalick, PNC Financial Services CEO Bill Demchak, Ariel Investments’ John Rogers, Gabelli Funds’ John Belton, Seaport Research Partners’ David Joyce, Gerber Kawasaki’s Ross Gerber, AlixPartners’ Jeff Goldstein, MNTN CEO Mark Douglas, & EDO President & CEO Kevin Krim. (Source: Bloomberg)
(RTTNews) - Microsoft is pulling back from the carbon removal market that it helped establish, putting a hold on new purchases of carbon removal credits, as sources close to the situation have indicated.
(RTTNews) - Microsoft is pulling back from the carbon removal market that it helped establish, putting a hold on new purchases of carbon removal credits, as sources close to the situation have indicated.
Lawmakers have been in a stalemate for over 60 days about funding the entire department, which includes agencies that oversee immigration enforcement, disaster relief, cybersecurity and the U.S. Coast Guard. (Image credit: Heather Diehl)
Lawmakers have been in a stalemate for over 60 days about funding the entire department, which includes agencies that oversee immigration enforcement, disaster relief, cybersecurity and the U.S. Coast Guard. (Image credit: Heather Diehl)
Sundry Photography/iStock Editorial via Getty Images Earnings season for the financial sector is now in full swing as several national and regional banks have reported their Q1 2026 results this week. One of the largest players in the banking industry, U.S. Bancorp ( USB ), released its most recent quarterly update this morning, with GAAP earnings per share of $1.18. This was $0.04 better than Wal...
Sundry Photography/iStock Editorial via Getty Images Earnings season for the financial sector is now in full swing as several national and regional banks have reported their Q1 2026 results this week. One of the largest players in the banking industry, U.S. Bancorp ( USB ), released its most recent quarterly update this morning, with GAAP earnings per share of $1.18. This was $0.04 better than Wall Street expectations and $0.15, or 14.6%, better than Q1 2025 . Revenue of $7.29 billion topped estimates by $1.5 million. Management seemed confident about the prospects for the remainder of 2026, despite the recent headwinds created by inflation and higher long-term interest rates. U.S. Bancorp President and CEO Gunjan Kedia made the following statement as part of the company’s Q1 earnings call : As we look ahead, the macroeconomic backdrop remains constructive despite some softening of sentiment recently. Consumer spend, core loan demand and credit delinquency trends all indicate relative stability. The regulatory backdrop is becoming more helpful, giving us greater capital flexibility over time. And our execution has strong momentum. All of that gives us confidence in our ability to continue building earnings power and creating long-term value as we move forward. While I may not share all of the optimism that was expressed by Kedia during the call, I do think that U.S. Bank’s recent performance makes it look like one of the more attractive larger national banks from an investment standpoint. USB has gained just 3.8% since the start of this year, but in the last 12 months, the stock’s price has risen by almost 47%. In this analysis, I will discuss the company’s recent results and talk about its potential for future gains in 2026. About U.S. Bancorp Headquartered in Minneapolis, MN, U.S. Bancorp is the fifth-largest commercial bank in the United States when ranked by both domestic and total assets. The history of USB dates back to 1863. Today’s U.S. Bancorp operates in t...
As the artificial intelligence (AI) story began to unfold, Nvidia (NASDAQ: NVDA) quickly emerged as the leading character. And this has remained the case chapter after chapter. Nvidia got into this market early, developing high-powered graphics processing units (GPUs) to specifically serve the needs of AI. In the earlier days, this mainly entailed training models on vast quantities of information....
As the artificial intelligence (AI) story began to unfold, Nvidia (NASDAQ: NVDA) quickly emerged as the leading character. And this has remained the case chapter after chapter. Nvidia got into this market early, developing high-powered graphics processing units (GPUs) to specifically serve the needs of AI. In the earlier days, this mainly entailed training models on vast quantities of information. All of this resulted in explosive earnings growth for Nvidia. And investors, eager to benefit from this growth story, bought the shares like hot cakes. This helped Nvidia stock to soar -- it climbed more than 1,100% over the past five years. But, in recent times, Nvidia's performance has been lackluster. Part of this is unrelated to the company and the AI industry: Investors have worried about the U.S. economy and the turmoil in Iran. That said, other pressures have been directly linked to Nvidia. For example, some investors have wondered whether demand for AI will weaken or if competition may hurt Nvidia's growth. Continue reading
Gulf Shock May Spark Shortage Of World's Most Critical Industrial Chemical, Used Heavily In Mining Goldman analysts Kyle Shaffer and Amanda Ross provided clients with a broad overview of industrials and natural resources amid energy disruptions in the Gulf area. In the note, they stated that the well-known Gulf energy shock is set to disrupt LNG production in Qatar for years to come. However, they...
Gulf Shock May Spark Shortage Of World's Most Critical Industrial Chemical, Used Heavily In Mining Goldman analysts Kyle Shaffer and Amanda Ross provided clients with a broad overview of industrials and natural resources amid energy disruptions in the Gulf area. In the note, they stated that the well-known Gulf energy shock is set to disrupt LNG production in Qatar for years to come. However, they also highlighted another emerging supply crunch that has received far less attention: sulfuric acid. "Some long-lasting consequences have also started to emerge, including a 3-5 years production loss for LNG facility in Qatar, a 6-12 month re-starting time for some aluminum facilities in the Gulf, and shortage of sulfuric acid which can potentially impact future production for copper and lithium " Shaffer and Ross said. About a third of the world’s sulfur comes from the Gulf region, where it is produced as part of oil and gas refining. Much of the sulfur is exported, primarily to fertilizer and industrial-processing hubs in Asia, North Africa, and, in Qatar’s case, some trading hubs across Asia and Europe. Goldman analyst James McGeoch noted on Wednesday that Shandong sulfuric acid prices are soaring and that China is "slated to suspend sulfur exports from May (sulfur that is a by-product of processing). " He added that part of the recent push to procure and process concentrate is to produce sulfur for fertilizer. It is important to note that sulfuric acid is one of the world’s most important industrial chemicals , used in fertilizers (phosphates), oil refining, lead-acid batteries, and chemical manufacturing. Prices in China have jumped 90% since the start of the US-Iran conflict in late February. Current prices exceed the highs recorded during the Russian invasion of Ukraine in early 2022. "Already though, prices have risen, and if there’s a shortage of sulfuric acid, that could quite quickly translate into more expensive homes, cars and electrical products ," Bloomberg ...
Centurion Minerals ( CTN:CA ) on Thursday said it plans to raise $300,000 through a non-brokered private placement. The offering will consist of units priced at $0.05 each, with each unit comprising one common share and one warrant exercisable at $0.10 for three years. The company said proceeds will be used for exploration, working capital, and general corporate purposes, with the financing subjec...
Centurion Minerals ( CTN:CA ) on Thursday said it plans to raise $300,000 through a non-brokered private placement. The offering will consist of units priced at $0.05 each, with each unit comprising one common share and one warrant exercisable at $0.10 for three years. The company said proceeds will be used for exploration, working capital, and general corporate purposes, with the financing subject to TSX Venture Exchange approval. TMXXF closed +2.54% at $39.12. Source: Press Release More on TMX Group Limited, Centurion Minerals Ltd. Marvel Biosciences lowers conversion price for proposed debenture offering Bank of Canada, major banks discuss Anthropic AI cyber risk - report
Earnings Call Insights: SL Green Realty Corp. (SLG) Q1 2026 Management view "We had the single biggest first quarter in the 28-year history of this company" as SL Green "signed 51 leases totaling 930,000 square feet" with "a mark-to-market that was 16% higher than the previously fully escalated rents on the same spaces," said Chairman & CEO Marc Holliday. "The vacancy rate for trophy buildings dro...
Earnings Call Insights: SL Green Realty Corp. (SLG) Q1 2026 Management view "We had the single biggest first quarter in the 28-year history of this company" as SL Green "signed 51 leases totaling 930,000 square feet" with "a mark-to-market that was 16% higher than the previously fully escalated rents on the same spaces," said Chairman & CEO Marc Holliday. "The vacancy rate for trophy buildings dropped again to 3.4%" and Holliday said "there are 0 new space deliveries anticipated for the next 3 years," adding that new projects "343 Madison and 625 Madison" are "not expected to complete until sometime around '29 or 2030." On development, Holliday said SL Green is moving "at a very rapid pace" at 346 Madison, with "100% schematic design on May 1" and expectations to file into ULURP "by the end of this year," with "financial details" planned after pricing and trade feedback. On 750 Third Avenue, Holliday said SL Green has "an agreement with our final remaining tenant for full vacant possession," is "tracking on or below budget by successfully navigating tariffs and inflation," and "hope[s] to finalize our arrangements for debt and equity capital" in coming months. "More to come in the ensuing months as we progress our way through the $2.5 billion disposition plan," Holliday said, also noting SL Green "put out $226 million" via the debt fund since the last call, bringing "total committed to about $567 million" out of a "total $1.3 billion fund." "We announced the promotion of Harrison Sitomer to President and CIO," Holliday said, calling it "a big step towards identifying, growing and supporting the next generation of leaders here." "We increased...our year-end same-store occupancy target from 94.8% to 95%," said CFO Matthew Diliberto. Outlook "We are forecasting a big boost and shot in the arm...which bodes well for Summit," Holliday said, citing June/July catalysts including "FIFA World Cup" and "the nation's 250th birthday celebrations." Diliberto said SL Green remain...
Oil fell as President Donald Trump struck an optimistic tone on prospects for a permanent ceasefire between the US and Iran. West Texas Intermediate dropped toward $93 a barrel, down more than 3% this week, while Brent settled above $99 on Thursday. Trump claimed, without evidence, that Tehran had agreed to terms it has long resisted, including “free oil” and an opening of the Strait of Hormuz. Th...
Oil fell as President Donald Trump struck an optimistic tone on prospects for a permanent ceasefire between the US and Iran. West Texas Intermediate dropped toward $93 a barrel, down more than 3% this week, while Brent settled above $99 on Thursday. Trump claimed, without evidence, that Tehran had agreed to terms it has long resisted, including “free oil” and an opening of the Strait of Hormuz. The Islamic Republic has not publicly confirmed it’s made those concessions. The crude market has been jolted by the conflict, which is now approaching the 50-day mark. The hostilities delivered an unprecendented supply shock, with Tehran halting most traffic through Hormuz, disrupting a fifth of global oil flows. More recently, the US also imposed its own naval blockade. To be sure, some Gulf Arab and European leaders said that a US-Iran peace deal would take about six months to be agreed and that the warring sides should extend their ceasefire to cover that timeframe, according to officials. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for May delivery lost 1.5% to $93.28 a barrel at 6:01 a.m. in Singapore. Brent for June settlement closed 4.7% higher at $99.39 a barrel on Thursday.
Alphabet Inc‘s Google's ad business has long been the internet's most reliable cash engine. What's changing isn't its dominance—but the speed at which Meta Platforms, Inc. is closing in, driven by its CEO Mark Zuckerberg's push into AI-driven advertising and platform expansion. And that shift is starting to look structural. As Zuckerberg said on the latest earnings call, "we're seeing very strong ...
Alphabet Inc‘s Google's ad business has long been the internet's most reliable cash engine. What's changing isn't its dominance—but the speed at which Meta Platforms, Inc. is closing in, driven by its CEO Mark Zuckerberg's push into AI-driven advertising and platform expansion. And that shift is starting to look structural. As Zuckerberg said on the latest earnings call, "we're seeing very strong results from the ad performance investments." That shift is driven, in part, by Meta's growing use o