Putin Rejects Open Letter By Zelensky Urging Meet: 'Pointless' Russian President Vladimir Putin has responded dismissively to Ukrainian President Volodymyr Zelensky's open letter issued the day prior , which urged that the two leaders meet in order to finally forge a peace deal and bring an end to the war, now it its fifth year. Putin made clear Friday that he sees no point in holding a personal m...
Putin Rejects Open Letter By Zelensky Urging Meet: 'Pointless' Russian President Vladimir Putin has responded dismissively to Ukrainian President Volodymyr Zelensky's open letter issued the day prior , which urged that the two leaders meet in order to finally forge a peace deal and bring an end to the war, now it its fifth year. Putin made clear Friday that he sees no point in holding a personal meeting with Zelensky. He was asked directly about the letter while attending the St. Petersburg International Economic Forum (SPIEF). In response the Russian leader addressed not the "authors of the epistolary genre," but to Russian soldiers on the frontline: "The whole country is proud of you and is counting on you. Keep up the good work, brothers!" And then, per TASS : Asked to clarify if this response means that he doesn’t plan to meet with the letter’s author, Putin said, "So far, I see no point in this." He went on to reject the idea of "meeting just for the sake of meeting" - but did reveal for the first time that only last month he sent an informal envoy to Ukraine at Kiev’s request. Apparently that was the opening of a serious diplomatic overture. But then, he noted, Ukrainian forces bombed a college dormitory in Lugansk merely soon after the Russian envoy arrived. The brutal attack killed 21 people, mostly teenage girls - and injured many dozens more. The Kremlin was outraged at the 'terrorist act' and the following week heavily bombed various Ukrainian cities, especially the capital. State media featured more of Putin's response : The letter is either "a means to create an environment for a personal meeting, or maybe is this letter meant to make sure that no personal meetings can take place at all,” he remarked, concluding: “I think it's the second.” Zelensky's lengthy Thursday letter had said Ukraine is also ready for a "full ceasefire." Zelensky wrote : "Ukraine proposes ending this war through direct engagement between us - and you. I am proposing a meeting . U...
Broadcom’s AI bookings remain the key proof point, with investors watching whether custom chip demand can convert quickly enough to support its fiscal 2027 AI revenue target.
Broadcom’s AI bookings remain the key proof point, with investors watching whether custom chip demand can convert quickly enough to support its fiscal 2027 AI revenue target.
Broadcom (NASDAQ:AVGO), which designs and supplies semiconductor devices and infrastructure software solutions, closed Friday at $385.73, down 7.92%. The stock is sliding as investors continue reacting to disappointing AI chip sales guidance and valuation concerns following recor
Broadcom (NASDAQ:AVGO), which designs and supplies semiconductor devices and infrastructure software solutions, closed Friday at $385.73, down 7.92%. The stock is sliding as investors continue reacting to disappointing AI chip sales guidance and valuation concerns following recor
Warner Bros. Discovery (NASDAQ:WBD) , global media and entertainment company with film, television, and streaming services, closed Friday at $26.24, down 2.81%. The stock moved lower during Friday’s regular session as investors reacted to reports that multiple U.S. states are preparing antitrust lawsuits to block its planned Paramount Global acquisition. Investors are now watching how growing lega...
Warner Bros. Discovery (NASDAQ:WBD) , global media and entertainment company with film, television, and streaming services, closed Friday at $26.24, down 2.81%. The stock moved lower during Friday’s regular session as investors reacted to reports that multiple U.S. states are preparing antitrust lawsuits to block its planned Paramount Global acquisition. Investors are now watching how growing legal challenges could reshape the deal’s terms and timing. The company’s trading volume reached 48.1 million shares, about 122% above its three-month average of 21.6 million shares. The S&P 500 (SNPINDEX:^GSPC) fell 2.63% to 7,383.74 on Friday, while the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 4.18% to 25,709. Within entertainment, industry peer Walt Disney (NYSE:DIS) closed at $99.71, up 0.37%, underscoring how deal-specific regulatory risk is distinguishing individual media stocks. Continue reading
VinFast Auto Ltd. (NASDAQ:VFS) is one of the most promising penny stocks according to Wall Street analysts. On June 1, VinFast, Autobrains, and NVIDIA announced a collaboration to develop a Level 4 autonomous driving program tailored specifically for Southeast Asia’s complex traffic environments. Built on the NVIDIA DRIVE Hyperion 10 platform, the project utilizes Autobrains’ […]
VinFast Auto Ltd. (NASDAQ:VFS) is one of the most promising penny stocks according to Wall Street analysts. On June 1, VinFast, Autobrains, and NVIDIA announced a collaboration to develop a Level 4 autonomous driving program tailored specifically for Southeast Asia’s complex traffic environments. Built on the NVIDIA DRIVE Hyperion 10 platform, the project utilizes Autobrains’ […]
wildpixel/iStock via Getty Images NEW YORK (June 5) - The Bureau of Labor Statistics (BLS) today reported 172,000 new jobs were created in May, according to the Establishment Survey, a collection of job creation data from businesses replying to the survey. That figure includes 52,000 government jobs, so that total nonfarm jobs printed at 120,000 net new private sector jobs. March and April revisio...
wildpixel/iStock via Getty Images NEW YORK (June 5) - The Bureau of Labor Statistics (BLS) today reported 172,000 new jobs were created in May, according to the Establishment Survey, a collection of job creation data from businesses replying to the survey. That figure includes 52,000 government jobs, so that total nonfarm jobs printed at 120,000 net new private sector jobs. March and April revisions resulted in a net 93,000 more jobs. For the three months from March, 2026, average monthly headline jobs creation has been a robust 188,000 new jobs per month. The BLS’s Household Survey , which polls the number of people taking jobs, and is viewed as eliminating workers holding more than one job, printed worse than the Establishment Survey, showing 149,000 jobs. The unemployment rate held steady 4.3% but the U6 dropped to 8.1%, down 10 bps. The “U6” is the percentage of the population that is unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, plus all persons marginally attached to the labor force. Some 92,000 people left the civilian labor force. The Labor Force Participation Rate , as measured by the Household Data, held at just 61.8%, the lowest since October, 2021. Let’s look at our exclusive schedule of April (in red) and May (in green) Jobs Creation by Average Weekly Wages (in gold): April and May Jobs Creation by Average Weekly Wages (The Stuyvesant Square Consultancy (from BLS Data)) We show weekly real wages, as measured by the Dallas Fed’s trimmed mean inflation rate, at quarter’s end, so not in this report. However, we observe from our internal data that weekly are keeping pace with higher inflation, contrary to popular reportage, which measures hourly wages and the CPI. We believe our view is more accurate, because it takes account of things like overtime, piecework pay, etc. and our inflation measure t hrows out costs that are the extreme of CPI and has proven, over time, a better measure...
Nuinsco Resources ( NWIFF ) said Friday it is raising up to C$500,000 through a non-brokered private placement of flow-through and common shares, with closing expected around June 26. The company may issue up to 50 million flow-through shares at C$0.01 each, or up to 67 million common shares at C$0.0075, or a combination of both depending on investor demand. Proceeds from flow-through shares will ...
Nuinsco Resources ( NWIFF ) said Friday it is raising up to C$500,000 through a non-brokered private placement of flow-through and common shares, with closing expected around June 26. The company may issue up to 50 million flow-through shares at C$0.01 each, or up to 67 million common shares at C$0.0075, or a combination of both depending on investor demand. Proceeds from flow-through shares will fund advancement of mineral projects in Ontario and Newfoundland, while common share proceeds may be used for exploration or general corporate purposes. A finder's fee of 7% cash and 7% in compensation warrants, exercisable at C$0.01 for 18 months from closing, will be paid on the total financing. More on Nuinsco Resources Limited Financial information for Nuinsco Resources Limited
Marvell Technology and Flex will be added to the index, replacing Pool and Campbell’s the soup company, prior to the opening of trading on June 22, according to S&P Dow Jones Indices. Before its deletion, Campbell’s had one of the smallest market values in the S&P 500, making it vulnerable to deletion. Marvell was famously tagged as the next $1 trillion company by Nvidia CEO Jensen Huang earlier t...
Marvell Technology and Flex will be added to the index, replacing Pool and Campbell’s the soup company, prior to the opening of trading on June 22, according to S&P Dow Jones Indices. Before its deletion, Campbell’s had one of the smallest market values in the S&P 500, making it vulnerable to deletion. Marvell was famously tagged as the next $1 trillion company by Nvidia CEO Jensen Huang earlier this week.
Kongsberg Gruppen ( NSKFF )’s unit named Kongsberg Defense & Aerospace won a ~$240.9M firm-fixed-price contract for Joint Strike Missile Lot Two production for the U.S. Air Force. The deal covers the production of all-up rounds, containers, test hardware, and supporting equipment, consolidating the full missile delivery scope under one package. The work will be executed in Kongsberg, Norway, with ...
Kongsberg Gruppen ( NSKFF )’s unit named Kongsberg Defense & Aerospace won a ~$240.9M firm-fixed-price contract for Joint Strike Missile Lot Two production for the U.S. Air Force. The deal covers the production of all-up rounds, containers, test hardware, and supporting equipment, consolidating the full missile delivery scope under one package. The work will be executed in Kongsberg, Norway, with completion expected by Nov. 30, 2028. The funding is backed by U.S. procurement budgets, including ~$138.0M from FY2024 missile funds and ~$102.9M from FY2025 allocations, fully obligated at award. The contract was awarded by the Air Force Life Cycle Management Center. More on Kongsberg Gruppen ASA Kongsberg Gruppen ASA (KBGGY) Q1 2026 Earnings Call Transcript Kongsberg Gruppen ASA 2026 Q1 - Results - Earnings Call Presentation Kongsberg: Correction In 2026 BofA shifts European defense picks toward missile, drone tech Historical earnings data for Kongsberg Gruppen ASA
Justin Paget/DigitalVision via Getty Images Earlier this year, in February, I assigned Winnebago Industries ( WGO ) a hold rating , representing an upgrade from my initial bearish thesis established way back in 2024. I turned more positive on the company as their sales increased, and all segments contributed to the growth, with profitability metrics also improving across the board. Looking at the ...
Justin Paget/DigitalVision via Getty Images Earlier this year, in February, I assigned Winnebago Industries ( WGO ) a hold rating , representing an upgrade from my initial bearish thesis established way back in 2024. I turned more positive on the company as their sales increased, and all segments contributed to the growth, with profitability metrics also improving across the board. Looking at the most recent earnings results , I believe that I may have gotten too optimistic too fast. The aim of my article today is to give an overview about how the sales trends, the macroeconomic landscape and the firm's valuation developed and explain why I believe that my hold thesis is no longer valid. Sales When the first reported its result for the most recent quarter, the numbers looked quite appealing at first, with sales growing at a rate of 6%. But when we break down these sales figures, I am not as impressed as I was previously . When I last covered the firm, they achieved growth across all their segments. Now the picture is meaningfully different. The towable RV segment shrank by as much as 9% YoY in terms of revenue, and the operating margin also declined by 0.2%. The shift towards lower price models, as well as lower unit volumes played a key role in the decline. Towable RV (Winnebago) The marine segment also declined. Although this is the smallest segment of the firm, I would like to see it grow as it could have a great diversification benefit for WGO's product portfolio. But due to lower unit volume and product mix, the net revenue in this segment also came in lower than in the year ago quarter, with the operating margin shrinking by 2.9%. Marine (Winnebago) I do have to acknowledge, however, that the motorhome RV segment performed very well. Sales grew by roughly 30%, offsetting the decline in both towable RV and marine. The expansion of the product portfolio was the main driver of the improvement by creating higher demand for the products in this category. The operat...