SpaceX could become one of the most ambitious public companies of the next decade, with Starlink, reusable rockets, AI infrastructure, defense exposure, and Starship all inside one story. The upside is enormous, but the stock may test whether investors are paying for durable cash
SpaceX could become one of the most ambitious public companies of the next decade, with Starlink, reusable rockets, AI infrastructure, defense exposure, and Starship all inside one story. The upside is enormous, but the stock may test whether investors are paying for durable cash
Iran Oil Exports Plunge To Four Year Low As Blockade Tightens, While Inflation Soars To World War 2 Levels If it was indeed Trump's intention to starve Iran's economy of oil export revenue, the plan may just be working: Iran's oil exports fell to their lowest level in at least six years in May as the US naval blockade has succeeded in choking off crude shipments and leave tens of millions of barre...
Iran Oil Exports Plunge To Four Year Low As Blockade Tightens, While Inflation Soars To World War 2 Levels If it was indeed Trump's intention to starve Iran's economy of oil export revenue, the plan may just be working: Iran's oil exports fell to their lowest level in at least six years in May as the US naval blockade has succeeded in choking off crude shipments and leave tens of millions of barrels stranded at sea. According to shipping data from Vortexa, Iran exported just 209,000 barrels per day of crude oil and condensate in May , down from 1.34 million bpd in April and nearly 1.9 million bpd in March . Kpler had estimated May exports slightly higher at 260,000 bpd, but still the lowest level since the height of the Trump administration's "maximum pressure" campaign in 2019-2020. When the blockade first took effect in April, analysts expected Tehran to lean on floating storage while waiting for an opportunity to move barrels, which it did with ease as it had control of the strait thanks to its own blockade (much to our surprise, as we asked back in early March why the US didn't do the same ). But storage is no longer growing. According to Kpler, floating inventories have fallen from roughly 190 million barrels in late April to about 147 million barrels today as cargoes continue trickling into China and production slows. Meanwhile, another problem for Tehran is that China's appetite for oil is not only not growing, it is crashing just as Iran needs buyers most (see " Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports "). Chinese imports of Iranian crude fell to 1.1 million bpd in May, the lowest level since 2022. Independent Chinese refiners have begun cutting processing rates amid weak margins and comfortable fuel inventories, reducing demand for sanctioned barrels. That shift has already pushed Iranian Light crude from a premium to a discount . As Reuters notes, plunging demand from Iran’s top crude buyer, China, ha...
Richard Drury/DigitalVision via Getty Images GW&K INVESTMENT MANAGEMENT Headquarters Boston, MA Founded 1974 Specialization Active, research-intensive municipal bond strategies, as well as taxable bond and equity strategies Portfolio Managers John B. Fox, CFA Martin R. Tourigny, CFA Brian T. Moreland, CFA Kara M. South, CFA Click to enlarge Average Annual Returns (%) 1 (as of 03/31/26) Q1 YTD 1 Yr...
Richard Drury/DigitalVision via Getty Images GW&K INVESTMENT MANAGEMENT Headquarters Boston, MA Founded 1974 Specialization Active, research-intensive municipal bond strategies, as well as taxable bond and equity strategies Portfolio Managers John B. Fox, CFA Martin R. Tourigny, CFA Brian T. Moreland, CFA Kara M. South, CFA Click to enlarge Average Annual Returns (%) 1 (as of 03/31/26) Q1 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception 2 GWMTX (Class N) -0.73 -0.73 4.83 2.30 0.51 1.53 3.02 GWMIX (Class I) -0.64 -0.64 5.24 2.65 0.84 1.87 3.43 Bloomberg 10-Year Municipal Bond Index -0.79 -0.79 4.81 2.54 1.00 2.26 3.67 Click to enlarge GWMTX (Class N) Expense Ratio (Gross/Net) 3 : 0.80%/0.73% GWMIX (Class I) Expense Ratio (Gross/Net) 3 : 0.46%/0.39% 1 Returns for periods less than one year are not annualized. 2 Since the Fund's inception on June 30, 2009. 3 The Fund's Investment Manager has contractually agreed, through May 1, 2027, to limit fund operating expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. The Fund has no up-front sales charges or deferred sales charges. Please refer to the Fund's Prospectus for additional information on the Fund's expenses. The performance data shown represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end, please call 800.548.4539 or visit our website at wealth.amg.com . From time to time the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The AMG GW&K Municipal Bond Fund (Class N)( GWMTX ) returned -0.73% for the first quarter of 2026, compared with -0.79% for its benchmark, the Bloomberg 10-Year Municipal Bond Index. F...
Progress has stalled between the US and Iran in talks over an interim peace deal this week amid their worst clashes since an April ceasefire began and the continuation of fighting in Lebanon. Abeer Abu Omar reports on Bloomberg Television. (Source: Bloomberg)
Progress has stalled between the US and Iran in talks over an interim peace deal this week amid their worst clashes since an April ceasefire began and the continuation of fighting in Lebanon. Abeer Abu Omar reports on Bloomberg Television. (Source: Bloomberg)
Planet Labs ( PL ) entered into an equity distribution agreement to offer and sell up to $1.5B of Class A common stock from time to time. Sales under this prospectus may be made in at-the-market offerings. Goldman Sachs, Morgan Stanley, Barclays Capital, Citigroup Global Markets, Deutsche Bank, BofA Securities, Cantor Fitzgerald, Citizens JMP Securities, Craig-Hallum Capital, Needham & Co., Northl...
Planet Labs ( PL ) entered into an equity distribution agreement to offer and sell up to $1.5B of Class A common stock from time to time. Sales under this prospectus may be made in at-the-market offerings. Goldman Sachs, Morgan Stanley, Barclays Capital, Citigroup Global Markets, Deutsche Bank, BofA Securities, Cantor Fitzgerald, Citizens JMP Securities, Craig-Hallum Capital, Needham & Co., Northland Securities, Wedbush Securities, Clear Street, and JonesTrading Institutional Services will serve as sales agents. PL shares fell -5.4% premarket. More on Planet Labs Planet Labs PBC (PL) Q1 2027 Earnings Call Transcript Planet Labs PBC 2027 Q1 - Results - Earnings Call Presentation Planet Labs: Near-Term Risk/Reward Skewed To The Downside Planet forecasts FY2027 revenue of $425M-$441M as it targets Rule of 40 Planet Labs lifts revenue forecast as defense demand fuels record quarter
Lisa Shalett, CIO at Morgan Stanley Wealth Management, sees investors mistaking pricing power in semiconductors as productivity and says she views Broadcom as “a warning flag” for markets. (Source: Bloomberg)
Lisa Shalett, CIO at Morgan Stanley Wealth Management, sees investors mistaking pricing power in semiconductors as productivity and says she views Broadcom as “a warning flag” for markets. (Source: Bloomberg)
Francesco Scatena/iStock via Getty Images Introduction AmpliTech Group, Inc. ( AMPG) is a small company based in Hauppauge, New York. It manufactures radio frequency microwave components and 5G communication systems with only 46 employees and a $127 million market cap. That is the kind of description that makes most investors move on immediately. But the one fact that changes the whole picture is ...
Francesco Scatena/iStock via Getty Images Introduction AmpliTech Group, Inc. ( AMPG) is a small company based in Hauppauge, New York. It manufactures radio frequency microwave components and 5G communication systems with only 46 employees and a $127 million market cap. That is the kind of description that makes most investors move on immediately. But the one fact that changes the whole picture is this: AmpliTech is the only company in the world that holds OTIC certification for the 64T O-RAN 5G Massive MIMO radio. Major North American mobile network operators need this specific hardware to deploy next-generation 5G networks. My buy thesis has three aspects. First, AmpliTech has this certification no one else does; they are the world's only OTIC-approved 64T O-RAN 5G Massive MIMO radio makers. It's not just fancy talk; it simply means some customers can't find this exact product anywhere else. And that is not a temporary competitive advantage. Competitors would need years to replicate the certification process. Next, let's talk about cash flow. In FY2025, revenue grew 165%, and in Q1 2026, it kept rising by 48.6%. Gross margins jumped from 33% to 48%. The gross profit nearly doubled while revenue increased by about 50%. This is the first time we see solid proof of their efficient operations in the numbers. Lastly, we need to check out the Letter of Intent (LOI) pipeline. The total value is bigger than the whole market cap of the company; let me break it down to you. There's already a $40 million LOI in the works and another $70 million, mentioned on the earnings call. That adds up to $110 million against a market cap of $112 million. At $50 million in annual revenue guidance, it trades at 2.5 times its sales, which isn’t expensive for this growth and has no debt. What AmpliTech Actually Does This business is interesting once you grasp it. Whenever someone makes a phone call, use a satellite link, connect via 5G, or even when defense radars do their thing, those signa...
A debt-laden caregiver attempting suicide is the catalyst for him finding new meaning to life from a ward of terminally ill patients in touching ensemble drama ‘You know the law of entropy? Life is a process of constant decay,” ssays a doctor in this Chinese hospital comedy drama – but not that you’d know it from the gabbling, frenetic first half-hour of director Chen Sicheng’s death-fixated film....
A debt-laden caregiver attempting suicide is the catalyst for him finding new meaning to life from a ward of terminally ill patients in touching ensemble drama ‘You know the law of entropy? Life is a process of constant decay,” ssays a doctor in this Chinese hospital comedy drama – but not that you’d know it from the gabbling, frenetic first half-hour of director Chen Sicheng’s death-fixated film. Being Towards Death kicks off with caregiver Xiaobing (Jiang Long) about to throw himself off the roof because, after a scheme to flog his superiors care robots fails, he’s in hock to triad loan sharks. Thankfully the film later settles into an intermittently touching ensemble drama with a meta tint; albeit one that doesn’t fully grasp the profundities it’s aiming for. Hauled back from the ledge, Xiaobing is talked by the hospital director into leading a project studying mental health interventions in terminal cancer care. So he finds himself among the “Ward 10 Fearless Squad”, a group of patients whose outlook is as plucky as their diagnoses are grim. Before long, he has co-opted film director Dao (Wang Zichuan) to make a documentary about his roomies, including bullish property mogul Mau (Cai Ming), browbeaten first son Bowen (Huang Yi) and fib-spinning poppet, Xiaobing (Ye Quanxi) – nicknamed Little Bing. Continue reading...
Asia’s governments have spent years promising to protect the seas that feed their people, shelter their coasts and support some of the world’s richest marine life. World Ocean Day on Monday will put those promises back in the public spotlight, but the more consequential test will come days later in Mombasa, Kenya, where governments, donors, companies and conservation groups will gather for the 11t...
Asia’s governments have spent years promising to protect the seas that feed their people, shelter their coasts and support some of the world’s richest marine life. World Ocean Day on Monday will put those promises back in the public spotlight, but the more consequential test will come days later in Mombasa, Kenya, where governments, donors, companies and conservation groups will gather for the 11th annual Our Ocean Conference from June 16 to 18. The conference has become a key stage for global...
How does a 100-year-old dance company face the 21st century? For Rambert’s Benoit Swan Pouffer the answer is combining innovation with popular adaptations such as the Brummie crime saga On 15 June 1926, the Lyric theatre in Hammersmith played host to “an engaging little ballet” called A Tragedy of Fashion, a “chic trifle” according to the press, that had been first concocted round a west London di...
How does a 100-year-old dance company face the 21st century? For Rambert’s Benoit Swan Pouffer the answer is combining innovation with popular adaptations such as the Brummie crime saga On 15 June 1926, the Lyric theatre in Hammersmith played host to “an engaging little ballet” called A Tragedy of Fashion, a “chic trifle” according to the press, that had been first concocted round a west London dinner table. Yet it turned out to be a momentous moment in the course of British dance. The show was produced by Marie Rambert, a Polish émigré who had performed with Diaghilev’s Ballets Russes, and it was the beginnings of a dance company that’s still going strong 100 years later. Marie Rambert was a force of nature. She has been called “an inspired talent spotter and legendary bully”, with “wit, taste and a sharp instinct for trends”, and with her nascent company (first known as the Marie Rambert Dancers, then Ballet Club, then Ballet Rambert), she kindled the talents of Britain’s most influential choreographers of the age, including Frederick Ashton and Antony Tudor. “This woman was a pioneer,” says the company’s current artistic director, Benoit Swan Pouffer. “She was really ahead of her time.” Nonetheless, fast-forward 100 years and Marie Rambert wouldn’t recognise the company that still bears her name, written in capitals down the side of a sleek building just behind the National Theatre, on London’s South Bank. Continue reading...
For a person ‘accustomed to things going his way’, president’s defeats in trials against the author are a direct hit to his ego Donald Trump had a tantrum. Trump was seated at the defense table in Manhattan federal court on 17 January 2024 when E Jean Carroll – who has said that he sexually assaulted her at a swank New York City department store some three decades prior – confronted him for the fi...
For a person ‘accustomed to things going his way’, president’s defeats in trials against the author are a direct hit to his ego Donald Trump had a tantrum. Trump was seated at the defense table in Manhattan federal court on 17 January 2024 when E Jean Carroll – who has said that he sexually assaulted her at a swank New York City department store some three decades prior – confronted him for the first time in a courtroom. Continue reading...
A funky, fresh pre-batch to set your summer party alight The rebujito is a classic Spanish cocktail that’s typically made with sherry and a lime/lemon soda. This lifts it up a notch, and also takes well to being batch-made for summer party drinking. Steve Georgiou, beverage manager, Alta , London W1 Continue reading...
A funky, fresh pre-batch to set your summer party alight The rebujito is a classic Spanish cocktail that’s typically made with sherry and a lime/lemon soda. This lifts it up a notch, and also takes well to being batch-made for summer party drinking. Steve Georgiou, beverage manager, Alta , London W1 Continue reading...
What if your best mate slept with your child? The stars of Alice and Steve, the new taboo-busting comedy about friends at war, open up about drug-taking, iffy sex – and why British jokes are so hard to understand Alice and Steve, the new “wrongcom” starring Nicola Walker and Jemaine Clement, starts like the story of a lifelong friendship between two 50ish exes. They went out for a short time, a mi...
What if your best mate slept with your child? The stars of Alice and Steve, the new taboo-busting comedy about friends at war, open up about drug-taking, iffy sex – and why British jokes are so hard to understand Alice and Steve, the new “wrongcom” starring Nicola Walker and Jemaine Clement, starts like the story of a lifelong friendship between two 50ish exes. They went out for a short time, a million years ago, and ever since have been platonically inseparable. In one of the first scenes, Alice (Walker) tells Steve (Clement) that she loves him so much that if he were ever drowning, she’d hollow out her own mother’s body and use it as a canoe. Alice and Steve go to funerals, get drunk, talk frankly about their disappointments, devise ill-advised solutions, take cocaine but only once every epoch; all the stuff of a loving friendship is here. But creator Sophie Goodhart also uses it to put every kind of relationship under the microscope. “It’s every stage of love Sophie is looking at,” says Walker. So it’s also about the doldrums of a long marriage, between Alice and Daniel (Joel Fry). And it’s about first love going exquisitely well for Dom, Alice and Daniel’s teenage son, until they take an edible and everything goes awry. Unavoidably, though, all the fireworks are around one love story – and how it puts paid to Alice and Steve’s relationship. Continue reading...
International marques have failed to sustain the market share they regained in China early this year after consumers fell back in love with electric vehicles (EVs), a sector where domestic brands continue to enjoy an overwhelming advantage. Foreign carmakers from Volkswagen to Toyota held a combined 30.3 per cent share of the Chinese automotive market in April, with about 418,140 vehicles handed t...
International marques have failed to sustain the market share they regained in China early this year after consumers fell back in love with electric vehicles (EVs), a sector where domestic brands continue to enjoy an overwhelming advantage. Foreign carmakers from Volkswagen to Toyota held a combined 30.3 per cent share of the Chinese automotive market in April, with about 418,140 vehicles handed to local customers, according to data from the China Passenger Car Association (CPCA). In the first...