Boy died aged 13 months after ‘routine abuse’ by Jamie Varley and his partner, John McGowan-Fazakerley, jury hears A baby boy was “routinely ill-treated, sexually abused and physically assaulted” before he was killed by a secondary school teacher adopting him, a jury has heard. Jamie Varley, the teacher, 37, and his partner, John McGowan-Fazakerley, 32, were in the process of adopting Preston Dave...
Boy died aged 13 months after ‘routine abuse’ by Jamie Varley and his partner, John McGowan-Fazakerley, jury hears A baby boy was “routinely ill-treated, sexually abused and physically assaulted” before he was killed by a secondary school teacher adopting him, a jury has heard. Jamie Varley, the teacher, 37, and his partner, John McGowan-Fazakerley, 32, were in the process of adopting Preston Davey. Continue reading...
Douglas Rissing/iStock Unreleased via Getty Images JetBlue Airways ( JBLU ) CEO Joanna Geraghty reassured employees in an internal memo that the carrier is not considering filing for bankruptcy protection this year. The comments were in reaction to speculation that the high cost of jet fuel would pressure the company's liquidity. Geraghty noted that JetBlue ( JBLU ) has sufficient access to additi...
Douglas Rissing/iStock Unreleased via Getty Images JetBlue Airways ( JBLU ) CEO Joanna Geraghty reassured employees in an internal memo that the carrier is not considering filing for bankruptcy protection this year. The comments were in reaction to speculation that the high cost of jet fuel would pressure the company's liquidity. Geraghty noted that JetBlue ( JBLU ) has sufficient access to additional capital, including a recent $500M loan backed by aircraft, with an option to raise another $250M. In 2025, JetBlue (JVLU) posted a net loss of about $602M with operating revenue around $9.1B and liquidity of $2.5B, indicating pressure but not an immediate liquidity crisis. The speculation about JetBlue's ( JBLU ) financial position ramped up after founder David Neeleman publicly warned that if jet fuel prices average about $4.50 per gallon, JetBlue ( JBLU ) could lose around $1.3B in 2026. Shares of JetBlue ( JBLU ) are up 28% on a year-to-date basis, indicating confidence from many investors. However, short interest on JetBlue ( JBLU ) stands at 18% of the total float. More on JetBlue Airways JetBlue: A Risky Bet In A Fragile Sky JetBlue Airways Corporation (JBLU) Presents at JPMorgan Industrials Conference 2026 - Slideshow JetBlue Airways Corporation (JBLU) Presents at JPMorgan Industrials Conference 2026 Transcript Oil slump fuels travel sector rally; airlines and cruise stocks outperform Congressman calls on airline CEOs to lower prices when fuel costs drop
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Baron Capital Co-President & Portfolio Manager Michael Baron and Apollo Management Partner Andrew Gosden. (Source: Bloomberg)
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Baron Capital Co-President & Portfolio Manager Michael Baron and Apollo Management Partner Andrew Gosden. (Source: Bloomberg)
Director Kang Jyh Lee reported the sale of 10,000 shares of Photronics (NASDAQ:PLAB) on April 15, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($45.10); post-transaction value based on April 15, 2026 market close ($45.10). *1-year performance calculated using April 15, 2026 as the reference date. Continue reading
Director Kang Jyh Lee reported the sale of 10,000 shares of Photronics (NASDAQ:PLAB) on April 15, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($45.10); post-transaction value based on April 15, 2026 market close ($45.10). *1-year performance calculated using April 15, 2026 as the reference date. Continue reading
Andrii Yalanskyi/iStock via Getty Images The following segment was excerpted from the Saga Partners Q1 2026 Investor Letter. A steep decline in a stock price can reflect a real decline in business value, but it does not automatically mean something is broken or permanently impaired. Rather, it is a prompt to reexamine the thesis and ask whether the market's criticism is correct, exaggerated, or mi...
Andrii Yalanskyi/iStock via Getty Images The following segment was excerpted from the Saga Partners Q1 2026 Investor Letter. A steep decline in a stock price can reflect a real decline in business value, but it does not automatically mean something is broken or permanently impaired. Rather, it is a prompt to reexamine the thesis and ask whether the market's criticism is correct, exaggerated, or mistaken in light of the business's underlying economics and competitive dynamics. The clearest current example in the Saga Portfolio is The Trade Desk ( TTD ), which is facing the greatest market skepticism and has experienced one of the largest drawdowns among our holdings. The Saga Portfolio first bought shares in 2017 based on the thesis that programmatic ad buying would grow, demand-side platforms (DSPs) would consolidate into a small number of scaled winners, and one of those winners would be an independent platform. More than eight years later, the main elements of that thesis have largely been borne out. The Trade Desk emerged as the leading scaled independent DSP, while revenue, earnings, and market value grew substantially. In 2025, however, The Trade Desk's growth slowed. It is therefore reasonable for the market to question whether the slowdown is temporary or whether something more structural has changed, especially given how much expected growth had previously been built into the valuation. The market's main concerns have centered on increasing competition, particularly from Amazon's DSP, and the possibility that AI could weaken the position of companies like The Trade Desk. While these risks should be taken seriously, neither the competitive threat from a walled-garden DSP nor the potential impact of AI is new, and I do not think recent developments materially change the long-term thesis. What has changed is that The Trade Desk's slower growth over the past year has led the market to attribute more of that slowdown to those risks rather than to near-term headwi...
Использую только собственные снимки, сделанные на фотоаппараты разных производителей/iStock via Getty Images When I first discussed the Global X Uranium ETF ( URA ) , the primary argument was that artificial intelligence could cause investors to drastically change their thinking toward the energy sector , and, specifically, nuclear was the most viable alternative to address this issue. I believe t...
Использую только собственные снимки, сделанные на фотоаппараты разных производителей/iStock via Getty Images When I first discussed the Global X Uranium ETF ( URA ) , the primary argument was that artificial intelligence could cause investors to drastically change their thinking toward the energy sector , and, specifically, nuclear was the most viable alternative to address this issue. I believe this premise was valid then and remains valid today. Seeking Alpha However, as of today, my thesis for URA seems even stronger, simply because it has evolved from an AI-focused investment within the energy sector into a structural investment thesis. In fact, there are three additional tangible factors that support the thesis: A uranium market that currently appears to remain undersupplied; An increasingly transparent reactor build-out pipeline across multiple regions; A still relatively fragile nuclear fuel cycle relative to how many investors appear to perceive this reality. Thus, I continue to maintain a "Strong Buy" recommendation on URA. As before, the ETF still represents one of the simplest means through which investors can access this particular theme via publicly traded vehicles. The critical distinction, however, is that uranium prices are no longer driven by singular narratives. They have been bolstered by energy security concerns, policy momentum, and a still unaddressed supply/demand equilibrium. In this article, I'll update the thesis, starting with the structural deficit between uranium supply and demand. Secondly, a discussion of the acceleration of the global nuclear buildout pipeline. Thirdly, a discussion of the continued underestimation of the fragility of the nuclear fuel chain. So, if you are new to this sector and/or this ETF, this article will serve as a comprehensive primer. What Has Changed Since My Previous Articles on URA? I wrote about the URA ETF previously, along with covering this sector. I am optimistic about it (not just because I have been p...
The Children’s Hospital Los Angeles is planning to sell $187.5 million of federally taxable municipal revenue bonds as it contends with financial pressure tied to federal and state cuts to California’s Medicaid program. The hospital is issuing the bonds through the California Public Finance Authority , and proceeds will fund working capital, refinance outstanding debt, and cover issuance costs. Th...
The Children’s Hospital Los Angeles is planning to sell $187.5 million of federally taxable municipal revenue bonds as it contends with financial pressure tied to federal and state cuts to California’s Medicaid program. The hospital is issuing the bonds through the California Public Finance Authority , and proceeds will fund working capital, refinance outstanding debt, and cover issuance costs. They are backed by mortgage liens on some hospital properties and a pledge of gross revenues, according to the bond documents. The junk-rated hospital is among the top-ranked children’s hospitals in the country and treats 40% of Los Angeles County’s pediatric cases. But in recent years it’s faced financial challenges stemming from fee program delays and reduced reimbursements from California’s Medicaid program, Medi-Cal. More than 70% of the hospital’s patients are covered by Medicaid. Safety net children’s hospitals, like CHLA, “face a structural funding gap that puts extraordinary pressure on their balance sheets, which is a reality CHLA has long made clear to state and federal policymakers,” Chief Financial Officer Scott Lieberenz said in an emailed statement. Those pressures are compounded by federal delays approving supplemental fee programs, which levy a fee on providers in an attempt to generate matching funds. The hospital expects its liquidity position to strengthen once funds are released, he said. Moody’s Ratings considers the underlying bonds Ba2, two steps below investment grade, citing challenged operations and weak liquidity, while highlighting its “unique clinical and institutional importance,” Eugene Spielman, lead analyst, wrote in a report last week. “The delay in CMS’s approval of round 9 of California’s provider fee program is a major contributing factor,” Spielman wrote, referring to the Centers for Medicare & Medicaid Services. The bonds are expected to be offered via negotiated sale this week, and Assured Guaranty is expected to guarantee the principal...
Douglas Rissing/iStock via Getty Images By James Knightley, Chief International Economist, US and Padhraic Garvey, CFA, Regional Head of Research, Americas Kevin Warsh's challenge - the President & market credibility The Federal Reserve has entered its quiet period ahead of the 29 April FOMC meeting, but it will still be drawing headlines given Kevin Warsh's confirmation hearing to become Federal ...
Douglas Rissing/iStock via Getty Images By James Knightley, Chief International Economist, US and Padhraic Garvey, CFA, Regional Head of Research, Americas Kevin Warsh's challenge - the President & market credibility The Federal Reserve has entered its quiet period ahead of the 29 April FOMC meeting, but it will still be drawing headlines given Kevin Warsh's confirmation hearing to become Federal Reserve Chair is being held tomorrow. Once viewed as a hawk when he previously served as a Fed Governor (February 2006-March 2011), he has been nominated by President Trump, who has demanded much lower interest rates from current incumbent Jerome Powell. Warsh will inevitably be questioned on how closely aligned he is with the President's thinking. We imagine he will indicate a belief that, over time, lower interest rates make sense. However, preserving market credibility is of paramount importance, and there must be justification. The Iran conflict-induced jump in motor fuel costs creates near-term challenges in an environment where both core and headline consumer price inflation have exceeded the 2% target throughout the past five years. He will be wary of coming across as too dovish. That could heighten market fears of potential unanchored market inflation expectations, prompting higher long-term borrowing costs. Treasury Secretary Scott Bessent has emphasized that, in his view, the most important metric is the 10Y Treasury yield given its benchmark role and the impact it has on mortgage rates and corporate borrowing costs. He appears to be onboard with a delay to rate cuts, based on recent media comments, but the President is probably not going to be so keen. Nonetheless, if there is a swift conclusion to the conflict and fuel prices drop sharply, Warsh will strongly suggest there is the possibility of his support for rate cuts later this year. Structurally speaking, Kevin Warsh will emphasize the opportunity for lower borrowing costs over the medium to longer term. He ...
Several stocks with notable AI exposure, namely Vertiv and Intel, are on the reporting docket this week. But with big expectations, can their stellar 2026 performances continue post-earnings?
Several stocks with notable AI exposure, namely Vertiv and Intel, are on the reporting docket this week. But with big expectations, can their stellar 2026 performances continue post-earnings?