United Airlines Holdings Inc. Chief Executive Officer Scott Kirby sidestepped a question about if he's interested in buying rival American Airlines. But he did say discussions have been held with one airline about buying some assets. He also spoke to Lisa Abramowicz in Chicago about jet fuel prices, earnings and travel demand. (Source: Bloomberg)
United Airlines Holdings Inc. Chief Executive Officer Scott Kirby sidestepped a question about if he's interested in buying rival American Airlines. But he did say discussions have been held with one airline about buying some assets. He also spoke to Lisa Abramowicz in Chicago about jet fuel prices, earnings and travel demand. (Source: Bloomberg)
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Life science laboratories, main...
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Life science laboratories, mainly in biotech and biopharma, saw a massive drop in demand last year after the National Institutes of Health was forced to cancel billions of dollars in research grants. NIH funding was cut severely by the federal government. Of the 10 largest life sciences markets tracked by JLL, the aggregate vacancy rate was 27.4% in the first quarter of this year, up from 25.7% during the same period in 2025. Major markets like Boston and the Bay Area had vacancy rates over 30%. The sector, however, is beginning to stabilize. A separate report from CBRE shows venture capital investment in life sciences in the second half of 2025 was the strongest since 2022. In addition, the amount of space under construction is at its lowest since 2017. An October JLL report predicts, "gradual market stabilization driven by supply rationalization rather than dramatic demand recovery." JLL forecasts that availability rates will decline to approximately 20% by 2030, "assuming continued below-average absorption coupled with significant supply exits through distress sales and adaptive reuse projects." The market correction in the space, however, has been historic, according to Travis McCready, head of industries leasing advisory at JLL. And the trouble isn't just funding cuts. McCready characterized the current oversupply situation as a combination of unprecedented construction combined with a fundamental change in how life sciences companies are using real estate. "This entire story and this entire narrative is evolving in real time," said McCready. "We got really, really good at building that asset class ...
The global non-human identity (NHI) access management market is poised to grow from USD 12.2 billion in 2026 to USD 38.8 billion by 2036, registering a CAGR of 12.2%. A new report outlines the market's dynamics across regions and sectors, highlighting trends such as Zero Trust architecture adoption and cloud-native technology proliferation. Key growth drivers include increased machine identities a...
The global non-human identity (NHI) access management market is poised to grow from USD 12.2 billion in 2026 to USD 38.8 billion by 2036, registering a CAGR of 12.2%. A new report outlines the market's dynamics across regions and sectors, highlighting trends such as Zero Trust architecture adoption and cloud-native technology proliferation. Key growth drivers include increased machine identities and NHI-related security threats. The cloud-based deployment mode and large enterprises lead the mark
The S&P 500 Index ($SPX ) (SPY ) today is up +0.65%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. June E-mini S&P futures (ESM26 ) are up +0.68%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.65%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. June E-mini S&P futures (ESM26 ) are up +0.68%, and June E-mini Nasdaq futures...
JHVEPhoto NIO ( NIO ) updated on Wednesday that it will use Auto China 2026 to present the NIO, ONVO, and Firefly brands together for the first time at a major global auto show, under the theme "A Vast New Realm." The electric vehicle maker plans to display 11 models and 12 full-stack technologies. In a LinkedIn post, NIO ( NIO ) highlighted that the showcasing of the three brands will signal a un...
JHVEPhoto NIO ( NIO ) updated on Wednesday that it will use Auto China 2026 to present the NIO, ONVO, and Firefly brands together for the first time at a major global auto show, under the theme "A Vast New Realm." The electric vehicle maker plans to display 11 models and 12 full-stack technologies. In a LinkedIn post, NIO ( NIO ) highlighted that the showcasing of the three brands will signal a unified presence rather than separate product reveals. It also noted that Firefly will bring a refreshed model plus three custom builds, emphasizing design, powertrain, and smart-feature upgrades. The Auto China 2026 event is seen by the company as a milestone moment where it can show off the breadth of its portfolio, from premium EVs to lifestyle branding. Auto China 2026 is the short name for the Beijing International Automotive Exhibition. The biennial auto show will be held in Beijing from April 24 to May 3. It is being billed as the world’s largest auto show, with a record 380K square meters of exhibition space spread across two adjacent venues. This year the show is focused on new energy vehicles, smart connectivity, autonomous driving, parts suppliers, and broader mobility technology. Organizers say it will bring together automakers, tech companies, suppliers, and industry stakeholders from China and abroad. Shares of NIO ( NIO ) rose 2.1% in Wednesday morning trading. More on NIO NIO: Discounted EV Winner - Bottom-Line Reversal In Progress NIO: Favorable Catalyst Landscape NIO: Major Inflection Point NIO deliveries skyrocket 136% in March to 35,486 units; crosses 1M cumulative delivery mark NIO opens its first showroom in the Americas
jetcityimage/iStock Editorial via Getty Images GE Vernova ( GEV ) up 11.5% to an all-time high of $1,142 in early trading Wednesday after crushing expectations for Q1 earnings and raising revenue guidance for the full year, sparked by rising demand for its power and electrification solutions. Q1 net profit skyrocketed to $4.75B, or $17.44/share, including a $3.99B pre-tax gain related to the Prole...
jetcityimage/iStock Editorial via Getty Images GE Vernova ( GEV ) up 11.5% to an all-time high of $1,142 in early trading Wednesday after crushing expectations for Q1 earnings and raising revenue guidance for the full year, sparked by rising demand for its power and electrification solutions. Q1 net profit skyrocketed to $4.75B, or $17.44/share, including a $3.99B pre-tax gain related to the Prolec GE acquisition, from $264M, or $0.91/share, in the year-earlier quarter, while revenues rose 16% Y/Y to $9.4B. Q1 revenues jumped 12% Y/Y to $4.97B at the company's power unit and surged 61% to $2.96B at the electrification unit, although sales at the wind business fell 23% to $1.43B; orders surged 71% on an organic basis to $18.3B. GE Vernova ( GEV ) raised FY 2026 guidance for revenues of $44.5B-$45.5B, up from its previous outlook of $44B-$45B; adjusted EBITDA margin of 12%-14%, up from 11%-13%; and free cash flow of $6.5B-$7.5B, up from $5B-$5.5B. Analysts on average expect full-year revenues of $44.5B and adjusted EBITDA margin of 13.7%, according to data compiled by LSEG. "We expect substantially more growth moving forward," CEO Scott Strazik said on the company's earnings conference call, noting that data centers accounted for ~$2.4B in orders during the latest quarter—more than in all of last year. Strazik also said the company expects to reach at least 110 GW of combined gas turbine backlog and slot reservation agreements by year-end. GE Vernova ( GEV ) "delivered strong beat-and-raise results while continuing to show strong bookings," Oppenheimer analyst Colin Rusch said in a note. "Important in our view is that bookings in the quarter totaled $18.3B, a run rate that supports our 2030 revenue estimates, as we believe investors are now looking out to the end of the decade for valuation support." More on GE Vernova GE Vernova Q1 2026 Earnings Call Presentation GE Vernova Isn't Priced For What It Has Already Become GE Vernova: How Middle East War Could Fuel Its N...
Dow ( DOW ) will report its results for the first quarter on Thursday, before markets open. Wall Street expects the company to post a loss of 29 cents, on revenue of $9.69B, representing a year-over-year decline of about 7%. Dow’s recent developments reflect a chemicals sector navigating geopolitical disruptions alongside company-specific restructuring efforts. Operations have been affected by Mid...
Dow ( DOW ) will report its results for the first quarter on Thursday, before markets open. Wall Street expects the company to post a loss of 29 cents, on revenue of $9.69B, representing a year-over-year decline of about 7%. Dow’s recent developments reflect a chemicals sector navigating geopolitical disruptions alongside company-specific restructuring efforts. Operations have been affected by Middle East tensions, including disruptions in the Strait of Hormuz and the suspension of output at a key Saudi joint venture, driving a sharp rise in global plastics prices and prompting industry-wide price increases. At the same time, the company has been repositioning its business through cost-cutting and transformation initiatives, including workforce reductions , while broader sector sentiment remains shaped by volatility and shifting supply dynamics. According to Seeking Alpha’s Quant Rating system, DOW is rated Hold with an overall score of 3.42 out of 5, reflecting an A- grade in terms of momentum, but it has a D in terms of growth. A recent Seeking Alpha analysis said Dow is benefiting from a petrochemical supply shock triggered by disruptions in the Middle East, which has tightened global supply and strengthened pricing dynamics for the company, noting that “with the closure of the Strait of Hormuz, that global supply is cut off,” while also pointing out that Dow’s U.S.-based, ethane-driven production provides a structural cost advantage over naphtha-based peers, allowing it to capitalize on higher prices and export opportunities amid the dislocation. Over the past two years, DOW has beaten EPS estimates 50% of the time and has beaten revenue estimates 50% of the time. Over the last three months, EPS estimates have seen three upward revisions and five downward revisions, while revenue estimates have seen one upward revision and six downward moves. More on Dow Dow: Hormuz Disruption Crushes Oversupply Fears Dow Inc.: Looking For A New Buying Opportunity After Taking E...
Google Cloud ( GOOG )( GOOGL ) has inked a new agreement with Thinking Machines Labs to provide the startup with expanded access to its Nvidia-powered ( NVDA ) AI infrastructure. Thinking Machines will utilize A4X Max with Blackwell architecture through Google Cloud, becoming one of the first Google Cloud customers to utilize Nvidia's GB300 NVL72. The San Francisco-based AI startup was co-founded ...
Google Cloud ( GOOG )( GOOGL ) has inked a new agreement with Thinking Machines Labs to provide the startup with expanded access to its Nvidia-powered ( NVDA ) AI infrastructure. Thinking Machines will utilize A4X Max with Blackwell architecture through Google Cloud, becoming one of the first Google Cloud customers to utilize Nvidia's GB300 NVL72. The San Francisco-based AI startup was co-founded last year by Mira Murati, a former chief technology officer at OpenAI. Its flagship product, Tinker, helps users automate the creation of custom, frontier AI models. "By leveraging A4X Max and the AI Hypercomputer integrated stack, Google Cloud got us running at record speed with the reliability we demand," said Myle Ott, a founding researcher at Thinking Machines . "This seamless integration of high-performance compute, fast storage, GKE orchestration, and automated remediation via Cluster Director has allowed us to focus on the unique aspects of the stack, like Tinker and reinforcement learning." "Through this new agreement and our deep partnership with Nvidia, we'll help Thinking Machines accelerate even further, using Google Cloud's AI Hypercomputer, which brings together purpose-built hardware, open software, and flexible consumption models in an optimized architecture," said Mark Lohmeyer, general manager of AI and Computing Infrastructure at Google Cloud. Although terms of the deal were not revealed, it was a multi-billion dollar agreement, according to TechCrunch . More on Alphabet and Nvidia Google Pushes Agentic AI Toward The Enterprise Mainstream Nvidia: Shifting Competitive Landscape, Shares A 'Hold' Huang Isn't Planning To Wake Up A Loser Google reveals A5X capable of scaling up to 960,000 Nvidia Rubin GPUs across data centers Broadcom, Google expand partnership on network observability
juvaida khatun/iStock via Getty Images Investment Process We seek to invest in high-quality, undervalued companies with strong balance sheets and shareholder-oriented management teams. Undervaluation Determining the intrinsic value of a business is the heart of our research process. Intrinsic value represents the amount that a buyer would pay to own a company's future cash flows. We seek to invest...
juvaida khatun/iStock via Getty Images Investment Process We seek to invest in high-quality, undervalued companies with strong balance sheets and shareholder-oriented management teams. Undervaluation Determining the intrinsic value of a business is the heart of our research process. Intrinsic value represents the amount that a buyer would pay to own a company's future cash flows. We seek to invest at a significant discount to our estimate of the intrinsic value of a business. Business Quality We seek to invest in companies with histories of generating strong free cash flow, improving returns on capital and strong competitive positions in their industries. Financial Strength We believe that investing in companies with strong balance sheets helps to reduce the potential for capital risk and provides company management the ability to build value when attractive opportunities are available. Shareholder-Oriented Management Our research process attempts to identify management teams with a history of building value for shareholders. Portfolio Management Daniel J. O'Keeffe Portfolio Manager (Lead) Managing Director Michael J. McKinnon, CFA Portfolio Manager Managing Director Investment Results (%) As of 31 March 2026 Average Annual Total Returns Average Annual Total Returns Average Annual Total Returns Average Annual Total Returns Average Annual Total Returns QTD YTD 1 Yr 3 Yr 5 Yr 10 Yr Inception Investor Class: ARTGX —Inception: 10 Dec 2007 -3.09 -3.09 19.13 18.30 10.68 10.64 8.86 Advisor Class: APDGX —Inception: 1 Apr 2015 -3.06 -3.06 19.34 18.49 10.85 10.80 8.95 Institutional Class: APHGX —Inception: 17 Jul 2012 -3.01 -3.01 19.42 18.60 10.95 10.91 9.05 MSCI All Country World Index -3.20 -3.20 20.01 16.58 9.49 11.33 6.83 MSCI All Country World Value Index 1.17 1.17 17.79 14.71 9.20 9.12 5.12 Click to enlarge Source: Artisan Partners/MSCI. Returns for periods less than one year are not annualized. For the period prior to inception, each of Advisor Class and Institutional ...
Lumentum Holdings is back in the spotlight after a sharp reset in analyst expectations, with one updated fair value estimate moving from US$655.55 to US$773.35. That shift lines up with Street commentary that is increasingly focused on AI driven optical demand, larger customer commitments, and recent capacity and index inclusion news. As you read on, you will see how this evolving narrative, both ...
Lumentum Holdings is back in the spotlight after a sharp reset in analyst expectations, with one updated fair value estimate moving from US$655.55 to US$773.35. That shift lines up with Street commentary that is increasingly focused on AI driven optical demand, larger customer commitments, and recent capacity and index inclusion news. As you read on, you will see how this evolving narrative, both bullish and cautious, can shape how you track Lumentum from here. Analyst Price Targets don't...