President Donald Trump expressed interest in the US government holding equity stakes in leading artificial intelligence developers, saying that he planned to discuss the idea of a partnership with AI companies’ executives as soon as next week. Bloomberg Surveillance Co-Host and Chief Political Correspondent Annmarie Horden joined David Gura and Christina Ruffini on Bloomberg This Weekend to discus...
President Donald Trump expressed interest in the US government holding equity stakes in leading artificial intelligence developers, saying that he planned to discuss the idea of a partnership with AI companies’ executives as soon as next week. Bloomberg Surveillance Co-Host and Chief Political Correspondent Annmarie Horden joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
Karmelo Anthony, who is Black, is accused of stabbing Austin Metcalf, who was white, at track meet in an affluent Dallas suburb Sign up for the Breaking News US newsletter email After a 2025 high school track meet in Frisco, Texas , ended with one student dead and another accused of murder, Karmelo Anthony, then 17, was indicted on first-degree murder in the fatal stabbing of Austin Metcalf, 17. S...
Karmelo Anthony, who is Black, is accused of stabbing Austin Metcalf, who was white, at track meet in an affluent Dallas suburb Sign up for the Breaking News US newsletter email After a 2025 high school track meet in Frisco, Texas , ended with one student dead and another accused of murder, Karmelo Anthony, then 17, was indicted on first-degree murder in the fatal stabbing of Austin Metcalf, 17. Social media posts about the death divided the case into racial lines, sparking national outrage. Anthony, who is being tried as an adult, is Black; Metcalf was white. This week marked the beginning of Anthony’s murder trial. Continue reading...
Brands such as Portmeirion in Stoke welcome £120m package but seek further support to avert fresh closures On the floor of Portmeirion’s factory in Staffordshire, staff are hard at work as clays are moulded, glazed and fired – an intricate process requiring precision and specialist skills honed over years of practice – to manufacture the company’s array of tableware. Portmeirion, a homeware brand ...
Brands such as Portmeirion in Stoke welcome £120m package but seek further support to avert fresh closures On the floor of Portmeirion’s factory in Staffordshire, staff are hard at work as clays are moulded, glazed and fired – an intricate process requiring precision and specialist skills honed over years of practice – to manufacture the company’s array of tableware. Portmeirion, a homeware brand founded in 1960 that employs 433 people, is based in Stoke-on-Trent, at the heart of British ceramics. The centuries-old craft is so integral to the area’s identity that the six federated towns that make up the Staffordshire city are known as the Potteries. Continue reading...
Congressional Democrats say GOP majority is unraveling, but moves may in fact be aimed at retaining power The wrath of Donald Trump has kept congressional Republicans in line for much of his second term thus far. But as the November midterm elections draw closer, the president’s allies in the Senate and House of Representatives appear increasingly willing to defy a president who appears to have as...
Congressional Democrats say GOP majority is unraveling, but moves may in fact be aimed at retaining power The wrath of Donald Trump has kept congressional Republicans in line for much of his second term thus far. But as the November midterm elections draw closer, the president’s allies in the Senate and House of Representatives appear increasingly willing to defy a president who appears to have asked lawmakers for too much in some areas and too little in others, all while the public sours on his administration. In both chambers , small groups of Republicans have in recent weeks joined with Democrats to advance resolutions requiring that Trump receive Congress’s permission before continuing hostilities against Iran. Republican dissidents in the House helped pass another round of aid for Ukraine , as well as an effort to protect Haitians from deportation. In the Senate, a critical mass of Republican senators has given Trump’s nominee for director of national intelligence, Bill Pulte, a cold reception. Continue reading...
More than 6.5 million Somalis have been pushed to the brink of severe hunger as the climate crisis, fighting and cuts in aid leave a trail of despair For three years, Zeynab Ibrahim watched as her little town shrivelled up and died. The rains never came, the reservoirs were depleted and the farms gradually turned to dust. Hunger and sickness swept through the village, claiming the lives of many, i...
More than 6.5 million Somalis have been pushed to the brink of severe hunger as the climate crisis, fighting and cuts in aid leave a trail of despair For three years, Zeynab Ibrahim watched as her little town shrivelled up and died. The rains never came, the reservoirs were depleted and the farms gradually turned to dust. Hunger and sickness swept through the village, claiming the lives of many, including four of Ibrahim’s 10 children. “We tried every means to survive – selling dried grass and digging up water from the barren earth. Unfortunately, there was nothing left, so we had no choice but to escape to save our children,” she says, sitting in front of her shelter in a camp for internally displaced people (IDP) in the Kahda district of Somalia’s capital, Mogadishu. Continue reading...
Elon Musk firm plans the biggest stock market launch in history – but experts have flagged potential downsides It’s being billed as the biggest stock market launch in history. Shares in Elon Musk’s SpaceX are poised to be released on 12 June with a valuation of $135 (£100.84). The company plans to sell 555.6m of them, which means it will raise $75bn from the sale. On Friday, it was reported that u...
Elon Musk firm plans the biggest stock market launch in history – but experts have flagged potential downsides It’s being billed as the biggest stock market launch in history. Shares in Elon Musk’s SpaceX are poised to be released on 12 June with a valuation of $135 (£100.84). The company plans to sell 555.6m of them, which means it will raise $75bn from the sale. On Friday, it was reported that up to a quarter of the shares could be reserved for individual investors , rather than funds and banks. This is a bigger share than is typically the case in a large initial public offering (IPO). Continue reading...
watch now VIDEO 3:06 03:06 How YouTube creators are driving change in Hollywood Entertainment Over the past week, one conversation has dominated Hollywood executive lunches and studio staff meetings: What's the next "Backrooms"? The industry is scrambling to figure out how to replicate the phenomenon of "Obsession" and "Backrooms," low-budget psychological horror films directed by YouTube creators...
watch now VIDEO 3:06 03:06 How YouTube creators are driving change in Hollywood Entertainment Over the past week, one conversation has dominated Hollywood executive lunches and studio staff meetings: What's the next "Backrooms"? The industry is scrambling to figure out how to replicate the phenomenon of "Obsession" and "Backrooms," low-budget psychological horror films directed by YouTube creators that have dominated the box office over the past two weeks. But "Backrooms" producer Peter Chernin, whose production company cofinanced the film, said he thinks the rush to sign deals with YouTube creators is a "big mistake." "It's no different than making sequels. It's jumping on an existing bandwagon," Chernin said in an interview. " I guarantee you 80% will be failures. It involves no originality, it involves no innovation. Your job is to innovate, and your job is to look for fresh IP [intellectual property] and fresh voices. It's not to just jump on a bandwagon." Chernin has a unique background spanning traditional Hollywood as well as the YouTube creator space. He ran Fox's movie and TV divisions from 1996 to 2009, overseeing box office juggernauts including "Titanic" and "Avatar." Chernin went on to found a private equity firm, The Chernin Group, in 2010, which backed a number of companies in the creator economy space, including Fullscreen and Tumblr. In 2022 he cofounded North Road, a global content studio. Its Chernin Entertainment division coproduced and cofinanced "Backrooms" with independent film studio A24. "We are consistently looking for what's new, what's interesting, and where the world is going," Chernin said. "I think that YouTube background gave us unique insights into doing this movie." "Backrooms," with a budget of just $10 million, has found particular success with younger audiences who were familiar with director Kane Parson's YouTube series, which inspired the film. In the film's first weekend in theaters, 86% of ticket buyers were under the age of ...
There are a lot of games that remind me of summer - hot days in the backseat with a copy of Dragon Warrior III , cooling off in the basement while grinding Gran Turismo races - but there aren't a lot of games that are actually about summer. That's part of what makes Kabuto Park so charming. It's a game that manages to not only capture the fleeting moments of a childhood summer, but also cram a Pok...
There are a lot of games that remind me of summer - hot days in the backseat with a copy of Dragon Warrior III , cooling off in the basement while grinding Gran Turismo races - but there aren't a lot of games that are actually about summer. That's part of what makes Kabuto Park so charming. It's a game that manages to not only capture the fleeting moments of a childhood summer, but also cram a Pokémon -style adventure into a game that lasts only a few hours. Kabuto Park actually launched last year on PC, but it's available now on both Xbox and the Switch, the latter being probably the ideal platform for it. It takes place over the course of a … Read the full story at The Verge.
The strongest earnings season in years is coming to a close, and the Wall Street analysts who focus on individual companies have rarely been this bullish. They raised their stock price targets at the fastest pace since the Iran war began as results poured in and continually beat expectations. Cumulatively, they now indicate that the S&P 500 Index will rise 18% from here. Meanwhile, an aggregate of...
The strongest earnings season in years is coming to a close, and the Wall Street analysts who focus on individual companies have rarely been this bullish. They raised their stock price targets at the fastest pace since the Iran war began as results poured in and continually beat expectations. Cumulatively, they now indicate that the S&P 500 Index will rise 18% from here. Meanwhile, an aggregate of analysts’ profit estimates implies that, at current multiples, the S&P 500 will jump 19% from Friday’s close to end the year above 8,800, amounting to a full-year gain of 29%, which would make it the best year for the index since the 1990s, data compiled by Bloomberg Intelligence show. And there’s only one firm in the S&P 500 with a consensus sell rating. But for the Street’s macro market strategists, who take a broader view of where indexes should be relative to the global economy and external risks, it’s a different story. To them, the war in Iran, a troubling inflation outlook and weak consumer sentiment are crucial metrics that weigh heavily on their predictions. Taken together, they see the S&P 500 ending 2026 at 7,625 , up just 3.3% from where it is now after Friday’s selloff. Historically, a massive difference between the two Wall Street camps foreshadows problems for investors. The trouble this time could be that after a dazzling earnings season where S&P 500 companies posted almost 30% profit growth, blowing past expectations of 12%, single-stock analysts who apply a “bottoms-up” fundamentals-based technique are overlooking key risks that could affect their conclusions. “The bottoms-up analysts are hearing from the CEOs comments like, ‘If we had more compute, there’d be unlimited demand’ or ‘we could make more money, but there’s bottlenecks.’ said Christopher Cain , with Bloomberg Intelligence’s global equity strategy team. “That’s getting the bottoms-up people very bullish.” Rarely have single-stock analysts been this enthusiastic about the S&P 500 relative to th...
The Breakwave Tanker Shipping ETF (NYSEARCA:BWET) has delivered one of the most extreme returns of any U.S.-listed fund in living memory, climbing 1,645% over the past year and 836% year to date to close near $180. Investors hold BWET to bet on crude tanker freight rates through near-dated futures, mostly 90% Very Large Crude Carrier ... BWET’s 1,645% Gain Rests on One Geopolitical Event That Coul...
The Breakwave Tanker Shipping ETF (NYSEARCA:BWET) has delivered one of the most extreme returns of any U.S.-listed fund in living memory, climbing 1,645% over the past year and 836% year to date to close near $180. Investors hold BWET to bet on crude tanker freight rates through near-dated futures, mostly 90% Very Large Crude Carrier ... BWET’s 1,645% Gain Rests on One Geopolitical Event That Could Reverse in Hours
asbe/iStock via Getty Images Introduction Although macroeconomic uncertainty has risen in recent months, the broader market continues to perform well, with the S&P ( SP500 ) up close to 10% year-to-date at the time of writing. Artificial intelligence continues to fuel much of the rally, and going forward I think this trend could continue. However, investors should be aware that if tensions continu...
asbe/iStock via Getty Images Introduction Although macroeconomic uncertainty has risen in recent months, the broader market continues to perform well, with the S&P ( SP500 ) up close to 10% year-to-date at the time of writing. Artificial intelligence continues to fuel much of the rally, and going forward I think this trend could continue. However, investors should be aware that if tensions continue escalating, we could see higher inflation, potentially pressuring the Fed to consider additional tightening. If this occurs, I think we could see a potential market crash or a steep correction, leading to underperformance in the broader market. Long-term investors should view any meaningful pullback as a buying opportunity, particularly in sectors benefitting from AI-driven growth. As a result, I continue to view Invesco's S&P 500 Momentum ETF ( SPMO ) as an attractive long-term investment opportunity, and I believe the fund remains positioned for strong, double-digit return potential ahead. In this article, I discuss recent portfolio changes, the ETF's momentum-driven strategy, and why I believe SPMO is poised to continue outperforming for the foreseeable future. Previous Coverage I last covered SPMO in an article titled: Not So Much Momentum Now, But That's What Makes It A Buy Long-Term. Back in March, the market experienced heightened volatility, mainly centered around rising geopolitical tensions in Iran. This resulted in rising inflation fears, causing SPMO to underperform dividend-focused ETFs like Schwab US Dividend Equity ETF ( SCHD ) & iShares Core Dividend Growth ETF ( DGRO ) in the first 3 months of the year. SPMO's underperformance was a result of modest NAV growth, up less than 1% at the time. Due to rising uncertainty, I believed it was a high possibility of SPMO seeing muted returns in 2026. However, I still believed the ETF was a buy for long-term investors due to its high exposure to the Technology ( XLK ) sector and the likelihood to see AI continue driv...
In this article .VIX TLT Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:16 01:16 Options Action: Volatility climbs as semiconductors sell off Closing Bell It's been one of the wildest stock markets on record lately but you wouldn't have known it looking at the Cboe Volatility Index . Friday's sell-off just made things a lot clearer. The non-stop, two-month 80% rally in semicondu...
In this article .VIX TLT Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:16 01:16 Options Action: Volatility climbs as semiconductors sell off Closing Bell It's been one of the wildest stock markets on record lately but you wouldn't have known it looking at the Cboe Volatility Index . Friday's sell-off just made things a lot clearer. The non-stop, two-month 80% rally in semiconductor stocks that added roughly half a trillion dollars in market cap to the Nasdaq 100 , spurred one of the most successful ETF launches in history, and birthed dozens of eye-popping, parabolic single stock moves, finally hit a wall on Friday as the VanEck Semiconductor ETF (SMH) dropped almost 10% at its low. The VIX, which had just touched the lowest level since January on Thursday, posted its biggest single-day pop since March. S&P 500 index options trading reached a record 7.8 million contracts at Cboe on Friday, 16% higher than the previous record set in April. For many, the sell-off reads as a warning sign for speculative excess in the face of trillions of dollars in upcoming IPO issuance and the potential for rising interest rates. For options traders who had been watching the roller coaster in single stocks, it looks more like an overdue catchup by the broader index. Stock Chart Icon Stock chart icon The Cboe Volatility Index in the past five trading days Coming into this week, a handful of key volatility metrics were at extremes. The spread between single-stock volatility and the broader index reached the widest since Cboe started tracking the data , and one-month implied correlation between the top 50 stocks and the index reached the lowest in a year. It was the VIX slipping below its long-term average that looked the most out of place. "Everything is re-syncing," Brent Kochuba, founder of options analytics platform SpotGamma, said in a call. "The calls were so rich in things like Micron where premiums were bigger than SPY and QQQ combined, this stuff had to come ...
Janice M Hamilton, Chief Financial Officer of Ryan Specialty Holdings (NYSE:RYAN) , reported the open-market purchase of 6,300 shares for a transaction value of approximately $200,000, as disclosed in a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($31.79); post-transaction value based on June 3, 2026 market close ($31.79). * 1-year price change calcula...
Janice M Hamilton, Chief Financial Officer of Ryan Specialty Holdings (NYSE:RYAN) , reported the open-market purchase of 6,300 shares for a transaction value of approximately $200,000, as disclosed in a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($31.79); post-transaction value based on June 3, 2026 market close ($31.79). * 1-year price change calculated using June 5, 2026, as the reference date. Continue reading
Canadian police confirmed Robert Evans Jr pled guilty to the manslaughter of Sharif Rahman while his father and uncle admitted being accessories to the crime.
Canadian police confirmed Robert Evans Jr pled guilty to the manslaughter of Sharif Rahman while his father and uncle admitted being accessories to the crime.
atakan/iStock via Getty Images Outlook Therapeutics, Inc. ( OTLK ) has experienced significant price action over the past two weeks, with shares rebounding from a low of $0.23 to $0.84 as of June 1st. The rally has been accompanied by a series of notable developments, including regulatory updates surrounding the company's FDA appeal, news of a secondary offering, and multiple insider purchases. I ...
atakan/iStock via Getty Images Outlook Therapeutics, Inc. ( OTLK ) has experienced significant price action over the past two weeks, with shares rebounding from a low of $0.23 to $0.84 as of June 1st. The rally has been accompanied by a series of notable developments, including regulatory updates surrounding the company's FDA appeal, news of a secondary offering, and multiple insider purchases. I took a closer look at this nano- to micro-cap company following its recent rally. While concerns surrounding the commercial viability of Lytenava and the company's precarious financial position continue to undermine my long-term confidence, I acknowledge that recent regulatory developments have materially improved the near-term outlook. As a result, I would give a Buy rating, as I believe there is potential upside to the upcoming regulatory catalysts before concerns of commercial viability and balance sheets start to kick in. Niche Market Opportunity with Limited Pricing Power Outlook Therapeutics is a single drug company trying to gain regulatory approval for an ophthalmic formulation of bevacizumab, a mAb that already went generic, for the treatment of wet age-related macular degeneration (AMD). Wet AMD is a progressive eye disease affecting over 20 million populations globally with a market size of $13.8 billion in 2025 and forecasted to grow at a 7.6% CAGR going forward. The primary cause of wet AMD is abnormal blood vessel growth under the retina associated with the overexpression of VEGF protein. Therefore, the predominant first-line treatment is anti-VEGF agents administered intravitreally. The treatment landscape for wet AMD is largely divided into three tiers of anti-VEGF agents. At the premium end are brand names such as Eylea (aflibercept), Vabysmo (faricimab), and Lucentis (ranibizumab), which command a hefty listing price often north of $2000 per single-use vial without specifying doses. In the middle are the biosimilars to ranibizumab and very soon aflibercept...
U.S. EV sales fell 27% in Q1 2026 after federal tax credits ended, creating diverging outlooks for Rivian, Lucid, and Tesla amid continued global EV growth.
U.S. EV sales fell 27% in Q1 2026 after federal tax credits ended, creating diverging outlooks for Rivian, Lucid, and Tesla amid continued global EV growth.