Treasuries strengthened slightly after core US inflation accelerated by less than forecast in May, with bond traders maintaining their bets that the Federal Reserve will raise interest rates by the end of the year. US government debt yields on Wednesday were mostly lower by less than one basis point after the consumer price index data . The rate on two-year notes , which are more sensitive to near...
Treasuries strengthened slightly after core US inflation accelerated by less than forecast in May, with bond traders maintaining their bets that the Federal Reserve will raise interest rates by the end of the year. US government debt yields on Wednesday were mostly lower by less than one basis point after the consumer price index data . The rate on two-year notes , which are more sensitive to near-term changes in monetary policy, traded at 4.11%, down from around 4.13% earlier in the session. The dollar slipped. The core consumer price index, which excludes food and energy and is closely watched by Fed officials, increased 0.2% from April, compared to a 0.3% consensus forecast among economists polled by Bloomberg. That’s seen alleviating some of the pressure on the Fed ahead of Kevin Warsh’s first meeting as chairman next week. “The biggest takeaway is that it gives the Fed a tiny bit of breathing room,” Dan Carter , senior portfolio manager at Fort Washington Investment Advisors.
As completion of 144-year construction nears, questions swirl over resemblance of church to architect’s original plans Ten hours before he was due to pass by, the faithful were already picking their spots along the route Pope Leo XIV will take on his brief journey to bless Antoni Gaudí’s iconic church the Sagrada Família. It’s been a long wait but this evening, 144 years after work began, the pope...
As completion of 144-year construction nears, questions swirl over resemblance of church to architect’s original plans Ten hours before he was due to pass by, the faithful were already picking their spots along the route Pope Leo XIV will take on his brief journey to bless Antoni Gaudí’s iconic church the Sagrada Família. It’s been a long wait but this evening, 144 years after work began, the pope will bless the basilica’s recently completed central tower in the presence of members of the Spanish royal family, the prime minister and hundreds of bishops. Continue reading...
Tom Werner/DigitalVision via Getty Images Investment Thesis Information Services Group, Inc. ( III ) is a financially sound, cash-generative technology advisory company. The company has identified AI as a driver of growth, and there are signs of improving profits and returns. However, the company has a poor track record of revenue growth in a market with tailwinds. I posit this is because its moat...
Tom Werner/DigitalVision via Getty Images Investment Thesis Information Services Group, Inc. ( III ) is a financially sound, cash-generative technology advisory company. The company has identified AI as a driver of growth, and there are signs of improving profits and returns. However, the company has a poor track record of revenue growth in a market with tailwinds. I posit this is because its moats are more defensive than offensive. So, while it can deliver better margins and lower fixed costs, it did not historically deliver topline growth. My valuation based on a 4% growth rate (about triple the past decade's rate) did not provide any margin of safety. Business Profile III describes itself as a technology research, benchmarking, sourcing advisory, and governance consulting firm. The company has 4 core businesses: Advisory. This is essentially consulting services ranging from how to optimize technology spending, AI transformations, and improving operational performance. Benchmarking. III maintains extensive databases covering technology costs, performance metrics, and outsourcing contracts that its clients tap into to assess and improve their technology investments. Research. The company conducts industry research covering technology and business services. Governance Platforms. III has software and managed solutions that help clients manage vendors and contracts and govern technology and AI initiatives. The company does not break down its revenue into the above 4 sources. However, in its May 2026 Investor Presentation, the company stated that 46% of revenue is recurring revenue coming from research, governance platforms, and some long-term advisory contracts. Challenging Topline In its May 2026 Investor Presentation, the company indicated that it served 2 markets—managed services with $165 billion total contract value and software & cloud with $120 billion total contract value. These are high-single-digit growth sectors, as illustrated by the following: “The manage...
Boeing Co. ’s MQ-28 Ghost Bat uncrewed combat plane can now carry weapons internally, fly farther and deliver a bigger payload — upgrades the company hopes will give it the edge over rival Helsing GmbH in the competition for German orders. The US defense giant, which is working with Rheinmetall AG on local systems integration, also said Wednesday at the ILA Berlin air show that it added two more G...
Boeing Co. ’s MQ-28 Ghost Bat uncrewed combat plane can now carry weapons internally, fly farther and deliver a bigger payload — upgrades the company hopes will give it the edge over rival Helsing GmbH in the competition for German orders. The US defense giant, which is working with Rheinmetall AG on local systems integration, also said Wednesday at the ILA Berlin air show that it added two more German partners: Diehl Defence Land Systems GmbH and Rohde & Schwarz GmbH and Co. KG . Standing in front of a flight-tested MQ-28, Rheinmetall CEO Armin Papperger said he hoped to see final contract talks with the nation’s government soon. “At the moment, we are still in negotiations for sure with the German government,” he said. “But if they want to have the planes in 2029, my expectation is that at least next year we have to go into the final negotiations of a contract.” German lawmakers and defense ministry officials visited Ghost Bat production facilities in Australia this month, with parliament expected to approve procurement next year at the latest, people familiar with the matter said, asking not to be identified because of the sensitivity of the matter. The German defense ministry may award startup Helsing a contract for its unmanned CA-1 Europa to have as many options as possible, the people said. In strike drone contracts this year, three companies were awarded deals for competing loitering munition systems. A ministry spokesman didn’t immediately reply to a written request for comment. Initial Ghost Bat production would take place in Australia but eventually move to Germany to ensure it was a sovereign capability, said Amy List, Boeing Defense Australia’s vice president and managing director. Rheinmetall and the other German partners would supply and integrate components from the beginning. The plane, developed by Boeing Australia, is expected to be operational for the Royal Australian Air Force in 2028, said Glen Ferguson, director of the Ghost Bat’s global progr...
Graham Platner Wins Maine Senate Democratic Nomination, Locking In Face-Off With Collins Authored by Joseph Lord via The Epoch Times , Democratic voters in Maine on Tuesday nominated oysterman and military veteran Graham Platner as their candidate to take on incumbent Sen. Susan Collins (R-Maine), locking in the nominees for one of the most critical Senate elections of the 2026 cycle. Graham Platn...
Graham Platner Wins Maine Senate Democratic Nomination, Locking In Face-Off With Collins Authored by Joseph Lord via The Epoch Times , Democratic voters in Maine on Tuesday nominated oysterman and military veteran Graham Platner as their candidate to take on incumbent Sen. Susan Collins (R-Maine), locking in the nominees for one of the most critical Senate elections of the 2026 cycle. Graham Platner, Democratic candidate for U.S. Senate, greets supporters after speaking at an event hosted by Sen. Bernie Sanders (I-Vt.) in Orono, Maine, on May 24, 2026. Robert F. Bukaty/AP Photo At 9:23 p.m, The Associated Press formally declared that Platner would be the Democratic nominee. When the race was called, Platner led Gov. Janet Mills - who withdrew her candidacy after polls showed her trailing the dark horse Platner - by tens of percent, though only around 8 percent of the votes were in when the race was called. Platner's campaign recently come under scrutiny after several media reports about his past treatment of women and other controversies . Platner's victory formalizes the 2026 Senate lineup , locking in the final picks for a race that has been characterized as the political fight of Collins's life by many observers. The five-term Collins was first elected in 1996 and has held on long beyond any other New England Republican at the federal level. This year, she faced no Republican challenger for the nomination. Though she regularly breaks with President Donald Trump and her party in the upper chamber, the political odds for a Republican in statewide matches have grown increasingly grim in recent years. Aside from Collins, the last Republican to win a statewide federal race in New England was Kelly Ayotte, a New Hampshire Republican who won a single term to the Senate in 2010 before being unseated by Sen. Maggie Hassan (D-N.H.) in 2016. Maine has never voted for Trump on a statewide level, with Vice President Kamala Harris winning by around 7 percent in 2024. But Colli...
When Wall Street turns bearish on a stock, it’s worth paying attention. These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.
When Wall Street turns bearish on a stock, it’s worth paying attention. These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.
TOYO Co., Ltd. ( OTC: TOYWF ) on Wednesday said it had signed two master supply agreements with two U.S. solar energy developers for cumulative purchase orders worth approximately $185.6 million. The company said it will supply solar modules for a portfolio of commercial and utility-scale projects across the United States. The modules will be deployed at multiple project sites in Texas, New York a...
TOYO Co., Ltd. ( OTC: TOYWF ) on Wednesday said it had signed two master supply agreements with two U.S. solar energy developers for cumulative purchase orders worth approximately $185.6 million. The company said it will supply solar modules for a portfolio of commercial and utility-scale projects across the United States. The modules will be deployed at multiple project sites in Texas, New York and Maine, TOYO said. The company added that products delivered under the agreements will use non-Chinese wafer sourcing channels and will be manufactured within its designated production footprint to support customer compliance requirements, including evolving Foreign Entity of Concern (FEOC) guidelines. TOYO said revenue from the purchase orders will be recognized as product deliveries are completed under generally accepted accounting principles (GAAP). Source: Press Release More on TOYO TOYO: Record-Setting Performance, Fundamentals, And Deep Discount Merit Strong Buy TOYO Co., Ltd. (TOYO) Q1 2026 Earnings Call Transcript TOYO: Strong Execution Meets Rising Risk Layers (Rating Downgrade) TOYO GAAP EPS of $0.75 beats by $0.03, revenue of $142.8M misses by $60.1M TOYO Non-GAAP EPS of $1.48, revenue of $427.4M beats by $28.5M
格隆汇6月10日｜据CNBC，美国5月通胀再度升温，在能源成本上涨推动下，消费者面临的价格压力进一步加大，不过潜在通胀压力相对温和。美国劳工统计局(Bureau of Labor Statistics)周三公布的数据显示，5月消费者价格指数(CPI)经季节性调整后环比上涨0.5%，同比上涨4.2%，均符合道琼斯调查的市场一致预期。这是美国通胀率三年来首次重返4%以上。尽管能源价格大幅上涨引发市场对...
格隆汇6月10日｜据CNBC，美国5月通胀再度升温，在能源成本上涨推动下，消费者面临的价格压力进一步加大，不过潜在通胀压力相对温和。美国劳工统计局(Bureau of Labor Statistics)周三公布的数据显示，5月消费者价格指数(CPI)经季节性调整后环比上涨0.5%，同比上涨4.2%，均符合道琼斯调查的市场一致预期。这是美国通胀率三年来首次重返4%以上。尽管能源价格大幅上涨引发市场对经济前景的担忧，但整体数据基本符合预期。4.2%的同比涨幅不仅高于4月份的3.8%，也是自2023年4月以来的最高水平。不过，剔除波动较大的食品和能源价格后，核心消费者价格指数5月环比上涨0.2%，同比上涨2.9%。其中，核心CPI同比涨幅与市场预期一致，但环比涨幅低于市场预期的0.3%，显示基础通胀压力虽有所回升，但升温程度低于市场此前担忧。
Apple (NASDAQ:AAPL) stock has not reacted all too positively amid WWDC 2026. Undoubtedly, that’s not because the presentation disappointed. There were ample AI innovations under the hood, but, in terms of the surprise factor, not much wasn’t on the bingo cards of investors going into the big week. Siri AI is finally here, and the ... Apple Might Haven Taken Aim at OpenAI with New Announcement. The...
Apple (NASDAQ:AAPL) stock has not reacted all too positively amid WWDC 2026. Undoubtedly, that’s not because the presentation disappointed. There were ample AI innovations under the hood, but, in terms of the surprise factor, not much wasn’t on the bingo cards of investors going into the big week. Siri AI is finally here, and the ... Apple Might Haven Taken Aim at OpenAI with New Announcement. There’s Only One Problem.
DCC Plc said it was prepared to accept an improved offer from buyout firms KKR & Co. and Energy Capital Partners , which valued the firm at about £5.7 billion ($7.6 billion). The new offer of about £66.72, including a dividend, represents a 33% premium to DCC’s share price before the company first announced an approach from the private equity group. Buyers have paid a roughly 35% premium on averag...
DCC Plc said it was prepared to accept an improved offer from buyout firms KKR & Co. and Energy Capital Partners , which valued the firm at about £5.7 billion ($7.6 billion). The new offer of about £66.72, including a dividend, represents a 33% premium to DCC’s share price before the company first announced an approach from the private equity group. Buyers have paid a roughly 35% premium on average for UK-listed companies this year, according to data compiled by Bloomberg. DCC previously rejected a £58-a-share proposal from the private equity investors in April, saying it was too low. DCC shares rose as much as 5% on Wednesday. The stock was trading 3.2% higher at £61.90 at 1:46 p.m. in London. Dublin-headquartered DCC provides energy sales and distribution to commercial and industrial, public and domestic sectors across Europe and the US, its website shows. KKR has been active in UK deals. It won a bidding war over Spectris Plc, a maker of precision testing equipment, last year, with a £4.2 billion offer that topped rival Advent bid. It was also among a swathe of potential bidders for the controlling stake in Associated British Ports, Bloomberg reported in April. A deal for DCC would add to a long list of takeovers of UK companies. The likes of Beazley Plc, Schroders Plc and Unilever Plc have announced tie-ups with overseas rivals drawn by attractive valuations. Others such as Intertek Group Plc are the subject of ongoing takeover pursuits.
Stock index futures pared some losses on Wednesday as the retail inflation came largely in line. Investors also assessed the escalating tensions in the Middle East. Here are the four stocks to watch on the day: Starbucks ( SBUX ) edged up 0.14% in premarket trading amid reports the coffee chain is considering options for its Japanese business, including a potential stake sale. According to Bloombe...
Stock index futures pared some losses on Wednesday as the retail inflation came largely in line. Investors also assessed the escalating tensions in the Middle East. Here are the four stocks to watch on the day: Starbucks ( SBUX ) edged up 0.14% in premarket trading amid reports the coffee chain is considering options for its Japanese business, including a potential stake sale. According to Bloomberg, the move follows Starbucks’ recent disposal of a majority interest in its China operations, with the company holding preliminary talks with investment banks to determine an approach for Japan. Taiwan Semiconductor Manufacturing ( TSM ) fell 3.65% in premarket trading despite reporting strong May 2026 revenue of NT$416.98 billion, up 1.5% from April and 30.1% from the same month a year earlier. For the first five months of 2026, the contract chipmaker generated NT$1.96 trillion in revenue, a 30.0% increase from the same period last year, as demand for advanced chip manufacturing remained robust. Eli Lilly ( LLY ) slipped 0.48% in premarket trading after the U.S. FDA approved the drugmaker’s bid to market its eczema therapy Ebglyss as a single maintenance dose administered every eight weeks. The approval allows patients with moderate-to-severe atopic dermatitis aged 12 years and older to manage the inflammatory skin condition with only six maintenance injections per year, compared to the previous once-monthly regimen. General Motors ( GM ) dipped 0.68% in premarket trading after unveiling plans to expand beyond electric vehicles into the fast-growing energy storage market. The Detroit-based automaker on Tuesday announced a series of initiatives through its GM Energy division aimed at supplying energy storage systems to utilities, commercial customers, and data center operators as part of a race to secure power for AI data centers. More related stories Eli Lilly and Company (LLY) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Transcript Starbucks C...
Willie B. Thomas/DigitalVision via Getty Images Small-business hiring and investment plans weakened sharply in May, adding to signs that a broad swath of the U.S. economy is losing momentum, according to Pantheon Macroeconomics. The firm said the NFIB hiring intentions index dropped to +9 from +13 in April, its lowest level since the Covid downturn in May 2020. Pantheon said the indicator has been...
Willie B. Thomas/DigitalVision via Getty Images Small-business hiring and investment plans weakened sharply in May, adding to signs that a broad swath of the U.S. economy is losing momentum, according to Pantheon Macroeconomics. The firm said the NFIB hiring intentions index dropped to +9 from +13 in April, its lowest level since the Covid downturn in May 2020. Pantheon said the indicator has been "one of the most reliable leading indicators of private payrolls over the past few years," and that the latest weakness "raises big doubts over whether the recent upturn in the official payrolls numbers will be maintained." Pantheon Macro Pantheon said the latest decline left the hiring index "consistent with a drop of about 75K in the initial estimate of private payrolls by September," adding that "it would be foolhardy to dismiss this latest signal entirely." The economists noted that the plunge followed a steady deterioration from December through April, increasing concerns that labor-market momentum could fade later this year. The survey also pointed to weakness in business investment. The net share of firms planning to increase capital expenditure slipped to +16% from +17%, tying the lowest level since the global financial crisis. Pantheon Macro Pantheon said it had initially thought the weakness in NFIB investment plans "might be a fluke," because regional Federal Reserve manufacturing and services surveys remained closer to their long-run averages. However, it said "the persistent weakness in the NFIB measure hints at more fundamental forces weighing on small businesses." While AI-related industries and parts of advanced manufacturing continue to perform well, Pantheon said the latest NFIB survey "adds to signs that much of the economy could still benefit from a bit more support," suggesting weakness is becoming more widespread outside those sectors. More on markets Nowcast Data Suggest U.S. Growth Is Accelerating In Q2 Markets Edge Higher As Friday's Rout Recovery ...