jetcityimage In this week's earnings recap, 21 companies from the S&P 500 Financial Select Sector SPDR ETF ( XLF ) reported their quarterly results. In Q1, the XLF declined 10.12% , underperforming the broader market, as the SPDR S&P 500 ETF Trust ( SPY) fell 4.81% . However, the trend has improved QTD, with XLF gaining 5.39% , though it's still lagging SPY’s stronger rebound of 7.08% . Earnings R...
jetcityimage In this week's earnings recap, 21 companies from the S&P 500 Financial Select Sector SPDR ETF ( XLF ) reported their quarterly results. In Q1, the XLF declined 10.12% , underperforming the broader market, as the SPDR S&P 500 ETF Trust ( SPY) fell 4.81% . However, the trend has improved QTD, with XLF gaining 5.39% , though it's still lagging SPY’s stronger rebound of 7.08% . Earnings Recap: Out of the 21 financial companies that reported results this week, 19 companies delivered an earnings beat, while 1 trailed estimates and 1 came in in line with estimates. On the other hand, based on the revenue, performance was more mixed. 15 companies beat revenue estimates, while 6 companies fell short of estimates. This structure clearly indicates that profitability remains strong, while top-line growth is uneven across the sector. On a year-over-year basis, all 21 companies reported earnings and revenue growth, Below are the latest reports from five companies that reported their results: JPMorgan Chase ( JPM ) delivered strong Q1 results with both earnings and revenue beating estimates, supported by solid performance across its banking operations. Citigroup ( C ) Q1 earnings and revenue beat consensus estimates, showing strength in its core banking business. Bank of America ( BAC ) posted better-than-expected earnings and revenue, continuing to benefit from steady banking activity. Wells Fargo ( WFC ) Q1 earnings beat estimates but missed on revenue , reflecting some pressure on its top line. BlackRock's ( BLK ) Q1 earnings and revenue also beat estimates, supported by asset management performance . Meanwhile, Fifth Third Bancorp ( FITB) reported an in-line earnings result and missed on revenue, making it the only company not to surpass profit expectations. At the industry level, 12 banks, 6 capital markets firms, and 3 insurance companies reported earnings this week. Overall, the improving QTD performance of both Financial Select Sector SPDR ETF ( XLF ) and SPDR...
Nurphoto | Nurphoto | Getty Images Many Americans are turning to artificial intelligence for financial advice. But getting good or bad advice depends a lot on how well users write their instructions — or prompts — to AI platforms. "I think that there's a real art and science to prompt engineering," Andrew Lo, director of MIT's Laboratory for Financial Engineering and principal investigator at its ...
Nurphoto | Nurphoto | Getty Images Many Americans are turning to artificial intelligence for financial advice. But getting good or bad advice depends a lot on how well users write their instructions — or prompts — to AI platforms. "I think that there's a real art and science to prompt engineering," Andrew Lo, director of MIT's Laboratory for Financial Engineering and principal investigator at its Computer Science and Artificial Intelligence Lab, said in a recent web presentation for Harvard University's Griffin Graduate School of Arts and Sciences. The limitations of AI for personal finance Firstly, it's important to note that AI has limitations when it comes to financial planning, experts said. AI is generally good at providing high-level overviews of financial topics: For example, why it's important to diversify investments, or why exchange-traded funds may be better than mutual funds in some cases but not others, Lo told CNBC in an interview. However, it struggles in other areas. Tax planning is a good example, Lo said. Perhaps counterintuitively, AI isn't great at crunching numbers and doing precise financial calculations, he said. While AI can provide general guidance on the types of tax deductions or tax rules people might consider, asking AI to do a numerical analysis of their own taxes is risky, he said. "When it comes to very, very specific calculations of your own personal situation, that's where you have to be very, very careful," Lo said. AI can also sometimes provide wrong answers due to so-called "hallucination" of the algorithm, Lo said. "One of the things about [large language models] that I find particularly concerning is that no matter what you ask it, it'll always come back with an answer that sounds authoritative, even if it's not," Lo said. Read more CNBC personal finance coverage Average tax refund is 11.2% higher, latest IRS filing data shows Bessent says to adjust paycheck withholdings, but mistakes may trigger a tax bill Why the stock market...
We Are/DigitalVision via Getty Images Co-authored with Beyond Saving We live in a world that is full of information overload. Information is flying across the internet, and not all of it is true. Michael J. Fox died and lived to tell about it . It reminds me of a co-worker I had at my first job who read the obituaries in the newspaper every morning, joking that if she wasn't in them, it must be a ...
We Are/DigitalVision via Getty Images Co-authored with Beyond Saving We live in a world that is full of information overload. Information is flying across the internet, and not all of it is true. Michael J. Fox died and lived to tell about it . It reminds me of a co-worker I had at my first job who read the obituaries in the newspaper every morning, joking that if she wasn't in them, it must be a good day – even well-known news sources aren't immune from reporting things that are blatantly false. This creates a paradox where we have unprecedented access to information to discover the truth, but the great prevalence of information also serves to spread untruths. Many investors react to the news cycle. They get news, and the first thing they do about it is decide what to buy or sell based on it. As a result, we see the market moving up and down in response to tweets, rumors, and sometimes false reports. My strategy is different. I'm not investing in any stock because a news report said something. Instead, I buy investments that I believe have good long-term prospects that I'm happy to hold through a variety of economic environments. So when the market swings and investors are worried about the news of the day, I have go-to investments that I buy when the price comes down – building my income into a solid fortress that will defend my portfolio regardless of what the news reports tomorrow. Today, let's take a look at two of my "go-to" investments that defend my portfolio. Pick #1: NLY – Yield 12.5% Annaly Capital Management, Inc. ( NLY ) is a mortgage REIT that focuses on agency MBS. While NLY does diversify into non-agency MBS and MSRs (Mortgage Servicing Rights), agency MBS is overwhelmingly the largest driver of results. This is both because it is their largest allocation of capital, and because agency MBS is typically far more leveraged than other investments. NLY has grown its agency MBS portfolio from $67.4 billion in 2024 to $89.6 billion at the end of 2025: Sour...
The Architecture Of Abundance: How Bitcoin Reveals The Truth Of Time And Technology Authored by Sylvain Saurel via 'In Bitcoin We Trust' Substack, How escaping the fiat illusion and holding the world's hardest money turns the relentless march of technology into unprecedented purchasing power. Look closely at the image below: On the left, two standard Papa John’s pizzas, purchased in 2010 for the s...
The Architecture Of Abundance: How Bitcoin Reveals The Truth Of Time And Technology Authored by Sylvain Saurel via 'In Bitcoin We Trust' Substack, How escaping the fiat illusion and holding the world's hardest money turns the relentless march of technology into unprecedented purchasing power. Look closely at the image below: On the left, two standard Papa John’s pizzas, purchased in 2010 for the seemingly arbitrary sum of 10,000 Bitcoin. On the right, a colossal supertanker cutting through the ocean, a leviathan of modern engineering carrying millions of barrels of crude oil - the literal lifeblood of the global industrial economy. Today, a mere 26 Bitcoin commands this staggering vessel of kinetic energy. If we run the mathematics of this evolution, the implications are paradigm-shattering. In a span of roughly a decade and a half, the purchasing power of that original 10,000 Bitcoins has metamorphosed from two boxes of delivered fast food into the equivalent of 384 supertankers of oil . This image is not merely a meme or a historical curiosity; it is the most perfect, succinct encapsulation of what Bitcoin actually is. It is a visual representation of economic truth. Y et, when the world discusses Bitcoin, the conversation is almost universally dominated by the chaotic noise of short-term price action. Pundits obsess over hourly charts, quarterly earnings, regulatory whispers, and the cyclical volatility of a nascent asset finding its sea legs. But zooming out to observe the macroeconomic horizon across sixteen years reveals a profound narrative about time, technology, and the very nature of human energy. To understand Bitcoin, we must stop looking at what it does in a week and start looking at what it does across an epoch. We must understand why patience is the ultimate economic virtue, why technology demands abundance, and why our current fiat money system is fundamentally designed to steal that abundance from us. The Tyranny of the Short-Term and the Power of 2...
One of the hottest asset classes in the last decade is cryptocurrency. While crypto offers significant potential, it also poses a difficult question: Which coin should you buy? There are thousands of tokens, with new projects emerging continuously. Even well-known names like Bitcoin and Ethereum can see their prices move unpredictably. For many investors, that complexity becomes a massive barrier....
One of the hottest asset classes in the last decade is cryptocurrency. While crypto offers significant potential, it also poses a difficult question: Which coin should you buy? There are thousands of tokens, with new projects emerging continuously. Even well-known names like Bitcoin and Ethereum can see their prices move unpredictably. For many investors, that complexity becomes a massive barrier. But there's another way to approach the space, one that doesn't require picking individual winners. That's where Coinbase Global (NASDAQ: COIN) , the crypto exchange, comes in. Continue reading
Key PointsVistra, a major independent power producer in the U.S., has seen its stock soar 324% since the start of 2024 due to rising electricity demand from data centers.
Key PointsVistra, a major independent power producer in the U.S., has seen its stock soar 324% since the start of 2024 due to rising electricity demand from data centers.
Scotland 7-84 England Red Roses in unstoppable mood at Murrayfield The fortress walls of Murrayfield were finally at Scotland women’s disposal for their first standalone game at the stadium but England rocked its foundations with a statement performance where fans were left questioning if the world champions had injury issues at all. The 30,498 crowd was a record attendance for a women’s solo spor...
Scotland 7-84 England Red Roses in unstoppable mood at Murrayfield The fortress walls of Murrayfield were finally at Scotland women’s disposal for their first standalone game at the stadium but England rocked its foundations with a statement performance where fans were left questioning if the world champions had injury issues at all. The 30,498 crowd was a record attendance for a women’s solo sporting event in Scotland and they were largely silenced. Scotland were sloppy, conceding the most points against England since 2011 and they will have to be sharper when they face Italy in the next round. Continue reading...
Former Deputy Assistant Secretary of State for Iraq and Iran under President Trump, Andrew Peek and Former Acting Principal Deputy Assistant Secretary for the Bureau of Near Eastern Affairs under President Biden, Jennifer Gavito join David Gura and Christina Ruffini on Bloomberg This Weekend as Iran reimposed restrictions on vessel traffic through the Strait of Hormuz and Israel attacked targets i...
Former Deputy Assistant Secretary of State for Iraq and Iran under President Trump, Andrew Peek and Former Acting Principal Deputy Assistant Secretary for the Bureau of Near Eastern Affairs under President Biden, Jennifer Gavito join David Gura and Christina Ruffini on Bloomberg This Weekend as Iran reimposed restrictions on vessel traffic through the Strait of Hormuz and Israel attacked targets in Lebanon, undermining expectations of an imminent peace deal touted by US President Donald Trump Saturday morning. (Source: Bloomberg)
(L/R) FDA Commissioner Marty Makary, Health and Human Services Secretary Robert F. Kennedy Jr., US media personality Joe Rogan, W. Bryan Hubbard, CEO of Americans for Ibogaine, and former Navy SEAL Marcus Luttrell look on as U.S. President Donald Trump signs an executive order in the Oval Office of the White House in Washington, D.C., on April 18, 2026. The executive order aims to further U.S. fed...
(L/R) FDA Commissioner Marty Makary, Health and Human Services Secretary Robert F. Kennedy Jr., US media personality Joe Rogan, W. Bryan Hubbard, CEO of Americans for Ibogaine, and former Navy SEAL Marcus Luttrell look on as U.S. President Donald Trump signs an executive order in the Oval Office of the White House in Washington, D.C., on April 18, 2026. The executive order aims to further U.S. federal medical research and clinical trials for certain psychedelic drugs. Jim Watson | Afp | Getty Images President Donald Trump on Saturday directed his administration to speed up reviews of certain psychedelic drugs, including ibogaine, which recently has been embraced by combat veterans and conservative lawmakers despite having serious safety risks. Ibogaine is banned under the federal government's most restrictive category for illegal, high-risk drugs. But the administration is taking steps to ease access to psychedelics that Trump said were already designated as potential breakthroughs by federal regulators. "Today's order will ensure that people suffering from debilitating symptoms might finally have a chance to reclaim their lives and lead a happier life," Trump said as he signed an executive order on the drugs. The Republican president said his directive will help "dramatically accelerate" access to research and treatments on psychedelic drugs. "If these turn out to be as good as people are saying, it's going to have a tremendous impact," he said. Veteran organizations and psychedelic advocates have long contended that ibogaine, which is made from a shrub native to West Africa, has great promise for hard-to-treat conditions such as post-traumatic stress disorder and opioid addiction. Trump's announcement follows pledges by Health Secretary Robert F. Kennedy Jr. and other administration officials to ease access to psychedelics for medical use, an issue that has won rare bipartisan support. Joining Trump in the Oval Office were his top health officials, conservative po...
chameleonseye/iStock Editorial via Getty Images What is interesting about Paypal? PayPal Holdings, Inc. ( NASDAQ: PYPL ) closed on April 11 at $46, roughly 20% above its February lows but still 42% below last summer's $79.50 high. You know what happened : a Q4 miss, a confusing CEO exit, and guidance that scared everyone off. The stock cratered 19% on February 3 and has bounced around the mid-$40s...
chameleonseye/iStock Editorial via Getty Images What is interesting about Paypal? PayPal Holdings, Inc. ( NASDAQ: PYPL ) closed on April 11 at $46, roughly 20% above its February lows but still 42% below last summer's $79.50 high. You know what happened : a Q4 miss, a confusing CEO exit, and guidance that scared everyone off. The stock cratered 19% on February 3 and has bounced around the mid-$40s ever since. What you get at today's price is a company trading at roughly 9x forward earnings and 5.4x trailing EV/EBITDA . That's the cheapest PayPal has ever been. And actually, the business underneath all the noise actually had a pretty solid 2025. I'm going to walk through the numbers in detail below, but here is the short version: PayPal's FY2025 10-K shows $33.2 billion in revenue, $5.31 in non-GAAP EPS (up 14% year-on-year), $6.4 billion in adjusted free cash flow, and Venmo growing 20% to $1.7 billion . Management plowed $6 billion into buybacks and started the company's first dividend. My 18-24 month target is $76 (65% upside). I also have a 12-month target of $55 (20%) that does not assume anything gets better, just that the narrative stabilizes. I'll show the math for both throughout the piece. The Business in 2026 Quick reminder of what PayPal actually does today: 439 million active accounts in roughly 200 countries. Four revenue engines: the branded checkout button (highest margin), Braintree unbranded processing (enterprise merchants, thinner margin), Venmo (P2P turned commerce platform, growing fast), and buy-now-pay-later ($40+ billion in TPV last year, still scaling). And then there's the stablecoin business, which barely gets mentioned in sell-side coverage but is moving quickly. PYUSD is backed 1:1 by Paxos -held dollar deposits and Treasuries . In March, PayPal pushed it into 70 countries and separately connected Venmo to cross-border transfers in 90 markets. Simply Wall St called these moves potentially transformative for engagement. What Happened in Q...
A nearly 6.4% yield from a bond fund is genuinely attractive for income investors. For holders of the SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK), that yield is real, but it comes with specific risks worth understanding before treating it as reliable income. Where the income comes from JNK earns income the traditional way: by ... This high yield bond fund just hit a sweet spot, but timing ma...
A nearly 6.4% yield from a bond fund is genuinely attractive for income investors. For holders of the SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK), that yield is real, but it comes with specific risks worth understanding before treating it as reliable income. Where the income comes from JNK earns income the traditional way: by ... This high yield bond fund just hit a sweet spot, but timing matters
Chief Executive Officer Jorge Santos da Silva reported the sale of 150,000 shares of MoonLake Immunotherapeutics (NASDAQ:MLTX) through multiple open-market transactions on April 10, 2026 and April 13, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($18.35); post-transaction value based on April 13, 2026 market close price. * 1-year pe...
Chief Executive Officer Jorge Santos da Silva reported the sale of 150,000 shares of MoonLake Immunotherapeutics (NASDAQ:MLTX) through multiple open-market transactions on April 10, 2026 and April 13, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($18.35); post-transaction value based on April 13, 2026 market close price. * 1-year performance calculated using April 13th, 2026 as the reference date. Continue reading
Micron Technology (MU) is in its strongest upcycle yet, fueled by surging spending on artificial intelligence (AI) infrastructure, which has turned memory into a critical bottleneck. Fiscal Q2 results validate that the semiconductor company delivered the largest sequential revenue increase in its history, and the business continues to accelerate. Yet at roughly 7x forward earnings, Wall Street has...
Micron Technology (MU) is in its strongest upcycle yet, fueled by surging spending on artificial intelligence (AI) infrastructure, which has turned memory into a critical bottleneck. Fiscal Q2 results validate that the semiconductor company delivered the largest sequential revenue increase in its history, and the business continues to accelerate. Yet at roughly 7x forward earnings, Wall Street has not fully priced in Micron’s earnings power. I remain long‑term bullish on MU, as the gap between i
Micron (MU) Is Riding the AI Boom, but the Stock Still Trades at a Discount Yahoo Finance If You Had Bought $1,000 of Micron Technology at Its IPO, Here's How Much You Would Have Today (Try Not to Cry) 24/7 Wall St. Micron Technology: Still An Incredible Value, Even After Its 530% Run Seeking Alpha
Micron (MU) Is Riding the AI Boom, but the Stock Still Trades at a Discount Yahoo Finance If You Had Bought $1,000 of Micron Technology at Its IPO, Here's How Much You Would Have Today (Try Not to Cry) 24/7 Wall St. Micron Technology: Still An Incredible Value, Even After Its 530% Run Seeking Alpha
Stocks in the energy sector have been doing very well since energy prices started to rise. The geopolitical conflict in the Middle East is a big part of the story, which should worry investors. Eventually, the conflict will end, and oil prices will fall. If you still want to buy an energy stock today, your best bet could be Chevron (NYSE: CVX) . Here's why. When things are going well, investors of...
Stocks in the energy sector have been doing very well since energy prices started to rise. The geopolitical conflict in the Middle East is a big part of the story, which should worry investors. Eventually, the conflict will end, and oil prices will fall. If you still want to buy an energy stock today, your best bet could be Chevron (NYSE: CVX) . Here's why. When things are going well, investors often like to focus on the biggest winners. When oil prices rise, the biggest winners are likely to be upstream oil and gas producers. However, those are also going to be the biggest losers when energy prices fall, as oil prices have historically done after every oil spike. A better option is to buy a more diversified energy company , meaning an integrated energy giant like Chevron. Image source: Getty Images. Continue reading