Pinterest is adding support for Amazon Storefronts, allowing creators to earn affiliate commissions more easily while showcasing their product recommendations in one place.
Pinterest is adding support for Amazon Storefronts, allowing creators to earn affiliate commissions more easily while showcasing their product recommendations in one place.
Pinterest is adding support for Amazon Storefronts, allowing creators to earn affiliate commissions more easily while showcasing their product recommendations in one place.
Pinterest is adding support for Amazon Storefronts, allowing creators to earn affiliate commissions more easily while showcasing their product recommendations in one place.
(RTTNews) - Aluminium rolling giant Hindalco Industries Limited (HID.F) Wednesday announced that its aluminum solutions provider, Novelis Inc. has restarted its hot mill at Oswego, its New York facility.
(RTTNews) - Aluminium rolling giant Hindalco Industries Limited (HID.F) Wednesday announced that its aluminum solutions provider, Novelis Inc. has restarted its hot mill at Oswego, its New York facility.
Leveraged funds have amassed their largest-ever short position in SOFR futures, signaling growing conviction among hedge funds that U.S. interest rates will remain elevated longer than markets currently expect. According to Commodity Futures Trading Commission data highlighted by Bloomberg rates strategist Edward Bolingbroke, leveraged funds are now net short about 2.1M SOFR futures contracts—the ...
Leveraged funds have amassed their largest-ever short position in SOFR futures, signaling growing conviction among hedge funds that U.S. interest rates will remain elevated longer than markets currently expect. According to Commodity Futures Trading Commission data highlighted by Bloomberg rates strategist Edward Bolingbroke, leveraged funds are now net short about 2.1M SOFR futures contracts—the most extreme bearish positioning on record. The buildup accelerated ahead of recent payrolls data , pushing well beyond short levels seen throughout 2025 and earlier this year. The positioning may not be purely a directional macro bet. Bolingbroke noted that basis trade activity, as well as convexity hedging and outright views, are all likely contributing factors. May’s inflation data , which showed the Consumer Price Index accelerating to 4.2% from 3.8% in April, as expected, may have given traders additional reason to bet against near-term Fed rate cuts. The crowded nature of the trade presents its own risk, as any softer-than-expected inflation print might transform the higher-for-longer wager into a painful short squeeze. Edward Bolingbroke | Bloomberg More on iShares 20+ Year Treasury Bond ETF, iShares 1-3 Year Treasury Bond ETF, etc. The S&P 500 Is Lying To You, The Market Crashed A While Ago, And I Have The Receipts Downside Risks Rise As Tech Volatility Spikes Inflation Signal With 87% Hit Rate Is Flashing Again Warsh's first Fed meeting could be pivotal, Siegel says—CNBC interview U.S. economy defies Middle East war as reacceleration takes hold - TS Lombard
Ondas ( ONDS ) drew attention on Wednesday after the company launched "LADOS," its new Layered Autonomous Defense Operational C2 System, ahead of its official launch at Eurosatory 2026 in Paris. The shares initially climbed nearly 3% to $9.92 before turning lower later in the session. According to the company , LADOS serves as a unified command-and-control platform that connects sensors, drones, r...
Ondas ( ONDS ) drew attention on Wednesday after the company launched "LADOS," its new Layered Autonomous Defense Operational C2 System, ahead of its official launch at Eurosatory 2026 in Paris. The shares initially climbed nearly 3% to $9.92 before turning lower later in the session. According to the company , LADOS serves as a unified command-and-control platform that connects sensors, drones, robotic systems, and effectors into one operating environment for autonomous defense missions. Chairman and CEO Eric Brock said, "LADOS is designed to bridge that gap" by connecting Ondas' technologies into a mission-ready architecture capable of integrated operations across multiple domains. Sahy Boloor noted that LADOS, when paired with SkyWeaver, the Palantir Technologies ( PLTR )-powered AI layer, helps the company move beyond selling individual drone products toward a broader systems-of-systems defense platform. More on Ondas Ondas May Be Just Getting Started Ondas Inc. 2026 Q1 - Results - Earnings Call Presentation Ondas Inc. (ONDS) Q1 2026 Earnings Call Transcript Ondas sees rebound after weekly pullback on $4.8M maritime contract Most and least shorted tech stocks over $2B market cap as of May
J Studios/DigitalVision via Getty Images Highlights Despite a challenging investment environment in March, regional bank stocks modestly rose in the first quarter of 2026, benefiting from higher net interest margins, low credit costs, and healthy loan growth. The fund slightly underperformed in the first quarter, as weakness in diversified banks weighed on results; however, stock selection within ...
J Studios/DigitalVision via Getty Images Highlights Despite a challenging investment environment in March, regional bank stocks modestly rose in the first quarter of 2026, benefiting from higher net interest margins, low credit costs, and healthy loan growth. The fund slightly underperformed in the first quarter, as weakness in diversified banks weighed on results; however, stock selection within regional banks contributed to performance. As of March 31, banks remain solidly profitable amid strong capital and liquidity positions, as well as continued low credit costs. Barring a macroeconomic shock, perhaps driven by geopolitics, the portfolio management team believes the sector is currently well positioned. Market review and outlook Regional bank stocks gained modestly in Q1, outpacing the broader stock market. Earnings were strong during the quarter. Banks have benefited from higher net interest margins as various lower-rate loans have been repriced at higher current rates. Meanwhile, the industry further benefited from continued low credit costs and healthy loan growth. March, however, was a tough month for equities, including regional bank stocks, largely reflecting investors' worries about geopolitics, inflation, and interest rates. Further pressure stemmed from investors' growing demand for proof that heavy spending on AI could pay off, and their concern that AI tools might disrupt traditional technology models and strain the private credit industry. Looking ahead, as of March 31, banks continue to demonstrate solid profitability supported by strong capital and liquidity positions, while credit costs remain low. A more favorable regulatory environment has also contributed to a recent pickup in merger and acquisition activity. We expect a combination of net-interest-margin expansion and healthy loan growth to drive strong revenue results in the coming year. Meanwhile, on the credit side, underwriting remains disciplined, and credit costs are still benign. In sho...
In this article F Follow your favorite stocks CREATE FREE ACCOUNT Aluminum strips are ready for further processing in the finishing line at the Novelis plant in Nachterstedt. Novelis is a manufacturer of rolled aluminum products. Klaus-Dietmar Gabbert | Picture Alliance | Getty Images Novelis said on Wednesday it had restarted production at its Oswego, New York facility, a plant key to Ford 's F-...
In this article F Follow your favorite stocks CREATE FREE ACCOUNT Aluminum strips are ready for further processing in the finishing line at the Novelis plant in Nachterstedt. Novelis is a manufacturer of rolled aluminum products. Klaus-Dietmar Gabbert | Picture Alliance | Getty Images Novelis said on Wednesday it had restarted production at its Oswego, New York facility, a plant key to Ford 's F-150 pickup truck line, months after two fires halted operations. The aluminum supplier said it was working closely with customers to ramp up supply. While Novelis also supplies other automakers, including Stellantis and General Motors , Ford is a major consumer because its flagship F-series trucks largely use aluminum bodies. The fires spurred supply bottlenecks, which led Ford t o cut its 2025 profit forecast and flag a charge of up to $2 billion. "Restarting the Oswego hot mill is an important step forward for our operations and, most importantly, for our customers," Novelis CEO Steve Fisher said on Wednesday. Novelis had been leaning on plants in South Korea and Europe to make up for the downtime from the New York plant and support aluminum production. In May, India's Hindalco Industries , which owns Novelis, said the disruptions cost it roughly $437 million in the fourth-quarter. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Scott Barbour/Getty Images News Upside pressure on crude oil prices likely will continue beyond the Middle East war and remain a theme for the next 5-10 years as global demand continues to grow, Shell ( SHEL ) CEO Wael Sawan said Wednesday. Prices in the $60-$70/bbl range would keep the situation stable, but "prices are going to move up," Sawan told The Wall Street Journal 's Leadership Institute ...
Scott Barbour/Getty Images News Upside pressure on crude oil prices likely will continue beyond the Middle East war and remain a theme for the next 5-10 years as global demand continues to grow, Shell ( SHEL ) CEO Wael Sawan said Wednesday. Prices in the $60-$70/bbl range would keep the situation stable, but "prices are going to move up," Sawan told The Wall Street Journal 's Leadership Institute CEO Summit. "That's the story of 5-10 years [ahead]." Growing demand and rising prices could lead producers to pursue hydrocarbon resources that are currently uneconomic to explore, as "all the easy oil and gas has been found," the CEO also said. "For now, we have the ability to match the world's demand," Sawan said. "But that will get more challenged." Crude oil futures rose ~1.5% on Wednesday after President Trump said Iran has taken too long to negotiate a peace deal and will now have to " pay the price ." Front-month Nymex crude ( CL1:COM ) for July delivery up 1.7% to $89.76/bbl, and front-month Brent crude ( CO1:COM ) for August delivery up 1.3% to $92.65/bbl. Middle East t ensions have escalated, with the U.S. launching military strikes against Iran in retaliation for the downing of a U.S. Apache helicopter near the Strait of Hormuz, while Iran launched missile and drone strikes on U.S. allies in the region. Still, the flare-up in tensions has not caused a major oil price spike, Kathleen Brooks of XTB said in a note. "Markets are directionless... There is a lack of anxiety in the oil market right now, even though a peace deal is unlikely in the current scenario." ETFs: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI ), ( XLE ) More on Shell Shell: Turnaround Efforts Showed In The First Quarter Report Shell: Shrinking Reserves, Lackluster Growth, And An Overpriced Stock Shell: Portfolio Optimization And LNG Strength Balanced By Rising Risks (Downgrade)
Nvidia stock slipped again Wednesday, with a valuation currently lower than that of the benchmark S&P 500 index. The chip maker isn’t immune to the semiconductor sector’s woes, but its impressive cash returns mean it could eventually find a floor as a value stock. The stock is down 7.8% over the past month through Tuesday’s close, even though Nvidia posted a strong earnings report last month and s...
Nvidia stock slipped again Wednesday, with a valuation currently lower than that of the benchmark S&P 500 index. The chip maker isn’t immune to the semiconductor sector’s woes, but its impressive cash returns mean it could eventually find a floor as a value stock. The stock is down 7.8% over the past month through Tuesday’s close, even though Nvidia posted a strong earnings report last month and showed off new hardware at the Computex conference in Taiwan last week.
watch now VIDEO 8:28 08:28 NC Treasurer Brad Briner on why he's eyeing shares of SpaceX for the state's pension fund Squawk Box North Carolina State Treasurer Brad Briner said the year's hottest IPO is too expensive for his pension fund to own. Briner, who oversees roughly $200 billion for North Carolina's teachers, firefighters and police officers, said the state has invested heavily in artificia...
watch now VIDEO 8:28 08:28 NC Treasurer Brad Briner on why he's eyeing shares of SpaceX for the state's pension fund Squawk Box North Carolina State Treasurer Brad Briner said the year's hottest IPO is too expensive for his pension fund to own. Briner, who oversees roughly $200 billion for North Carolina's teachers, firefighters and police officers, said the state has invested heavily in artificial-intelligence startups OpenAI and Anthropic while avoiding a direct stake in SpaceX — expected to go public Friday — because of concerns that the Elon Musk-led company's $1.77 trillion valuation leaves little room for future gains. "There's been a pricing issue that we've been concerned about for the last year or so with SpaceX," Briner said on CNBC's " Squawk Box " Wednesday. "Elon Musk, an amazing entrepreneur, incredible technology to launch business, startling, et cetera. But at some point, things are fully priced. We're trying to make a high single digit, predictable rate of return for our retirees. And we've got to consider valuation when we do that. And so, certainly, SpaceX at $1.75 trillion is a big valuation." SpaceX is scheduled to price its IPO on Thursday and begin trading on Friday. The rocket maker plans to sell 555.6 million shares at $135 apiece, raising about $75 billion and valuing the aerospace company at roughly $1.8 trillion. Briner's comments underscore a growing debate among institutional investors as SpaceX prepares for what it's expected to be one of the largest initial public offerings in history. While many money managers view the company as a unique asset with dominant positions in rocket launches and satellite internet, other long-term investors are questioning whether today's valuation already reflects much of that optimism. The state treasurer has instead directed capital toward AI companies that he believes offer stronger risk-reward opportunities. North Carolina invested about $40 million in OpenAI and committed roughly $250 million to Ant...
Pimco Economist Tiffany Wilding doesn't expect the Federal Reserve to move its inflation target of 2%. She also thinks the Fed will drop its forward guidance at the next meeting. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Pimco Economist Tiffany Wilding doesn't expect the Federal Reserve to move its inflation target of 2%. She also thinks the Fed will drop its forward guidance at the next meeting. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)
It was Morocco in 2022, Croatia in 2028 and Costa Rica in 2014. Which team will make an unexpected run in 2026? By WhoScored Every World Cup needs a dark horse: the team no nobody quite planned for that disrupts the natural order and is remembered more vividly than the finalists. Morocco did it in 2022 , beating Spain and Portugal on their way to becoming the first African side to reach the semi-f...
It was Morocco in 2022, Croatia in 2028 and Costa Rica in 2014. Which team will make an unexpected run in 2026? By WhoScored Every World Cup needs a dark horse: the team no nobody quite planned for that disrupts the natural order and is remembered more vividly than the finalists. Morocco did it in 2022 , beating Spain and Portugal on their way to becoming the first African side to reach the semi-finals. Croatia produced a fairytale run to the final in 2018. Costa Rica topped a group that featured three former champions – England, Italy and Uruguay – in 2014 before eventually losing to the Netherlands on penalties in the quarter-finals. And South Korea, who had never won a match at a World Cup, went all the way to the semi-finals in 2002 . With 48 teams at this year’s tournament, there are a few candidates to make an unexpected run to the latter stages. Continue reading...
imaginima/E+ via Getty Images Commercial crude stocks (excluding those in the Strategic Petroleum Reserve) for the week ended June 5: 426.5M barrels . Crude inventory change: - 7.2M barrels vs. -8M barrels for the week ended May 29. Consensus estimate: -3.000M. Crude oil futures ( CL1:COM ) +1.6% to $89.6/barrel. Gasoline inventory change: +0.2M barrels vs. +3.4M barrels for the week ended May 29....
imaginima/E+ via Getty Images Commercial crude stocks (excluding those in the Strategic Petroleum Reserve) for the week ended June 5: 426.5M barrels . Crude inventory change: - 7.2M barrels vs. -8M barrels for the week ended May 29. Consensus estimate: -3.000M. Crude oil futures ( CL1:COM ) +1.6% to $89.6/barrel. Gasoline inventory change: +0.2M barrels vs. +3.4M barrels for the week ended May 29. Distillates inventory change: -0.2M barrels vs. +1.5M barrels for the week ended May 29. Strategic Petroleum Reserve: 349.2M barrels, down -7.9M barrels from 357.1M barrels in the prior week. The U.S. Energy Information Administration (EIA) yesterday said oil inventories in the world's largest economies are headed toward the lowest levels since at least 2003, as stockpiles are drawn down at a record pace due to the lost production from the Middle East war. Total oil inventories among members of the OECD will fall to just under 2.3B barrels by December, the EIA said in its monthly Short-Term Energy Outlook report, based on its current assumption that marine traffic through the Strait of Hormuz is unlikely to return to pre-conflict levels until early 2027. ETFs: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI ), ( XLE ). More on Crude Oil Futures Rates Spark: Oil Losing Control What History Reveals About Today's Crude Oil Volatility Commodities: Middle East Re-Escalation Sends Oil Higher Trump warns Iran will 'pay the price,' says new strikes remain on the table Middle East tensions flare: Iran targets Gulf countries after U.S. retaliatory strikes