Starmer’s former chief of staff says he does not recognise media’s portrayal of him before evidence hearing with MPs UK politics live – latest updates Morgan McSweeney has denied claims he bullied civil servants into appointing Peter Mandelson as UK ambassador to the UK, before an evidence hearing with MPs next week . Keir Starmer’s former chief of staff resigned in February over his role in the h...
Starmer’s former chief of staff says he does not recognise media’s portrayal of him before evidence hearing with MPs UK politics live – latest updates Morgan McSweeney has denied claims he bullied civil servants into appointing Peter Mandelson as UK ambassador to the UK, before an evidence hearing with MPs next week . Keir Starmer’s former chief of staff resigned in February over his role in the hiring of Mandelson, but the move failed to end the crisis over the peer’s appointment. On Thursday, McSweeney told a security forum in Kyiv that he did not recognise his “character” as it was portrayed in the media. Continue reading...
Seeking Alpha More on SLB SLB: Cheap Valuation On Long-Term Fundamentals SLB: An Interesting Proposition SLB Q1 earnings preview: Earnings seen falling despite steady revenue growth SLB, Subsea7 to partner with Petronas on Suriname oil and gas projects Seeking Alpha’s Quant Rating on SLB
Seeking Alpha More on SLB SLB: Cheap Valuation On Long-Term Fundamentals SLB: An Interesting Proposition SLB Q1 earnings preview: Earnings seen falling despite steady revenue growth SLB, Subsea7 to partner with Petronas on Suriname oil and gas projects Seeking Alpha’s Quant Rating on SLB
sharrocks Procter & Gamble ( PG ) rose in early trading on Friday after the household products giant showed solid results across its key segments with its FQ3 earnings report. "We delivered a solid acceleration in top-line results in our fiscal third quarter, with broad-based growth across product categories and regions," noted CEO Shailesh Jejurikar. Organic sales were up 3% to beat the consensus...
sharrocks Procter & Gamble ( PG ) rose in early trading on Friday after the household products giant showed solid results across its key segments with its FQ3 earnings report. "We delivered a solid acceleration in top-line results in our fiscal third quarter, with broad-based growth across product categories and regions," noted CEO Shailesh Jejurikar. Organic sales were up 3% to beat the consensus estimate for a gain of 2.8%. Volume was up 2% during the quarter, while pricing was 1% higher. Notably, beauty segment organic sales increased 7% year-over-year as hair care organic sales increased mid-single digits, driven by volume increase and innovation-based pricing in North America and Europe. Personal care organic sales increased high single digits, driven by innovation-based volume growth, favorable geographic mix, and pricing. Health care segment organic sales increased 2% in the quarter. Oral care organic sales increased low single digits, driven by innovation-based pricing, primarily in North America, and a favorable premium product mix, partially offset by a volume decline, led by Greater China. Personal Health Care organic sales also increased low single digits, driven by higher pricing, primarily in North America, and favorable geographic mix, partially offset by a volume decline, led by North America and Europe. The Cincinnati-based company reported core gross margin for the quarter decreased 100 basis points versus the prior year. The decrease was driven by 180 basis points of unfavorable mix, 100 basis points of reinvestments, 50 basis points of higher costs from tariffs, 20 basis points of rounding and other items, and 10 basis points of unfavorable commodity costs, partially offset by gross productivity savings of 210 basis points and increased pricing of 50 basis points. Non-GAAP EPS of $1.59 beat the consensus estimate of $1.56 and was better than last year's mark of $1.54. Looking ahead, P&G ( PG ) now expects FY core EPS growth of $6.83 to $7.09 (mid...
Tesla (NASDAQ:TSLA) has started production of its Cybercab, a fully autonomous robotaxi built without a steering wheel, chief executive Elon Musk said on Friday. The Cybercab marks a strategic move toward a dedicated self-driving ride-hailing platform.
Tesla (NASDAQ:TSLA) has started production of its Cybercab, a fully autonomous robotaxi built without a steering wheel, chief executive Elon Musk said on Friday. The Cybercab marks a strategic move toward a dedicated self-driving ride-hailing platform.
Welcome to our guide to the commodities driving the global economy. Today, Oil Markets Editor Rachel Graham looks at why Europe’s airlines are reducing the number of scheduled flights before their busiest time of year. Europe’s airlines should be in the buildup to a bumper summer season. Instead they’re culling tens of thousands of flights. The problem is jet fuel, which has become the oil market’...
Welcome to our guide to the commodities driving the global economy. Today, Oil Markets Editor Rachel Graham looks at why Europe’s airlines are reducing the number of scheduled flights before their busiest time of year. Europe’s airlines should be in the buildup to a bumper summer season. Instead they’re culling tens of thousands of flights. The problem is jet fuel, which has become the oil market’s biggest pain point stemming from the war in the Middle East. Refineries in the Persian Gulf that usually supply about 20% of the European Union’s jet fuel have found their cargoes trapped behind the Strait of Hormuz. Many facilities have been damaged, making it uncertain whether flows will ever return to normal levels. Airlines say there isn’t currently a shortage, but there’s no doubt they are feeling the effect of eye-watering jet fuel prices equivalent to $196 a barrel. Just this week, Deutsche Lufthansa AG scrubbed 20,000 uneconomic short-haul flights from its schedule. Earlier in April, KLM said it would run 80 fewer return flights from Amsterdam due to rising fuel prices, and EasyJet warned it could make a first-half loss due to the Iran war. Europe is vulnerable because its refineries have been closing down one by one for many years, unable to compete with bigger and more efficient plants in Asia. But there’s little prospect of that region riding to the rescue in the current crisis. Refiners in Asia have been cutting the amount of fuel they make because the closure of Hormuz has constrained their supply of crude oil. As a result, the region has its own fuel problems, with China already limiting exports of diesel and gasoline to secure local supply. India’s Reliance Industries Ltd. — a major exporter of jet fuel from its giant Jamnagar refinery — has taken the decision to boost production of LPG for domestic cooking and heating, reducing the yield of other products. Europe’s oil industry is doing what it can to adapt. Shell Plc’s Pernis refinery in the Netherlands, ...
China's DeepSeek Debuts Flagship AI Model As Compute Race Intensifies Chinese AI startup DeepSeek has launched a preview version of its long-awaited V4 model, ending months of silence from one of China's most closely watched AI labs and arriving a year after its R1 release sparked U.S. market turmoil and concerns across Silicon Valley AI firms. The rollout signals that DeepSeek is full steam ahead...
China's DeepSeek Debuts Flagship AI Model As Compute Race Intensifies Chinese AI startup DeepSeek has launched a preview version of its long-awaited V4 model, ending months of silence from one of China's most closely watched AI labs and arriving a year after its R1 release sparked U.S. market turmoil and concerns across Silicon Valley AI firms. The rollout signals that DeepSeek is full steam ahead in the frontier-model race: DeepSeek-V4 Preview is officially live & open-sourced! Welcome to the era of cost-effective 1M context length. DeepSeek-V4-Pro: 1.6T total / 49B active params. Performance rivaling the world's top closed-source models. DeepSeek-V4-Flash: 284B total / 13B active params. Your fast, efficient, and economical choice. 🚀 DeepSeek-V4 Preview is officially live & open-sourced! Welcome to the era of cost-effective 1M context length. 🔹 DeepSeek-V4-Pro: 1.6T total / 49B active params. Performance rivaling the world's top closed-source models. 🔹 DeepSeek-V4-Flash: 284B total / 13B active params.… pic.twitter.com/n1AgwMIymu — DeepSeek (@deepseek_ai) April 24, 2026 The open-source model comes in the V4 Flash and V4 Pro series, with DeepSeek saying its V4 "leads all current open models, trailing only Gemini-3.1-Pro." In terms of reasoning, the startup said it "beats all current open models in Math/STEM/Coding, rivaling top closed-source models." DeepSeek-V4-Pro 🔹 Enhanced Agentic Capabilities: Open-source SOTA in Agentic Coding benchmarks. 🔹 Rich World Knowledge: Leads all current open models, trailing only Gemini-3.1-Pro. 🔹 World-Class Reasoning: Beats all current open models in Math/STEM/Coding, rivaling top… pic.twitter.com/D04x5RjE3L — DeepSeek (@deepseek_ai) April 24, 2026 Counterpoint Research Vice President Neil Shah told CNBC that "DeepSeek's V4 preview is a serious flex." According to Counterpoint Principal AI Analyst Wei Sun, V4's benchmark profile suggests the model could deliver "excellent agent capability at significantly lower cost." Ivan Su, Sen...
juvaida khatun/iStock via Getty Images During the first quarter of 2026, the Praetorian Capital Fund LLC (the “Fund”) appreciated by 16.44% net of fees. Given the Fund’s concentrated portfolio structure and focus on asymmetric opportunities, I anticipate that the Fund will be rather volatile from quarter to quarter. During the first quarter, our core portfolio positions appreciated decently, while...
juvaida khatun/iStock via Getty Images During the first quarter of 2026, the Praetorian Capital Fund LLC (the “Fund”) appreciated by 16.44% net of fees. Given the Fund’s concentrated portfolio structure and focus on asymmetric opportunities, I anticipate that the Fund will be rather volatile from quarter to quarter. During the first quarter, our core portfolio positions appreciated decently, while the Event-Driven book produced a small gain. Praetorian Capital Fund LLC Gross Return Net Return* Q1 2026 20.91% 16.44% YTD 2026 20.91% 16.44% 2025 13.94% 12.39% 2024 -9.41% -10.55% 2023 34.70% 26.45% 2022 16.38% 11.95% 2021 181.80% 142.87% 2020 161.87% 129.49% 2019 18.71% 14.97% Since Inception (1/1/19) 1613.75% 961.91% Click to enlarge *Net return varies from gross return as it accounts for management fees and incentive allocations. Please see the additional disclaimers on the final page of this document. During the spring and summer of 2025, I took an extended vacation to try and understand why our portfolio wasn’t performing in line with my expectations. Through that journey, I worked to crystallize a new economic model to explain the sluggish performance of our businesses, consummating in my new narrative of Economic Feudalism as the current global economic model. Suddenly, with this theory in hand, I could understand why the global economy appeared mired in recession, and I could better understand the sorts of investments that would prosper in those economic conditions. Since my epiphany, I rebuilt our portfolio and the Fund’s performance has begun to track more in line with my expectations, including the current quarter which is something of a slump-buster if continued performance in April is any guide. Normally, these letters are replete with economic views and forecasts, but currently, everything in global economics comes down to one question; will Hormuz open or not. I don’t feel particularly capable of answering that question any better than any other prognostic...
Intel just cleared its dot-com-era ceiling after earnings: Chart of the Day Yahoo Finance Intel surges as Q1 results, guidance blow past Wall Street's forecast (INTC:NASDAQ) Seeking Alpha Intel's stock soars 20% as results top estimates, with chipmaker showing signs of growth CNBC
Intel just cleared its dot-com-era ceiling after earnings: Chart of the Day Yahoo Finance Intel surges as Q1 results, guidance blow past Wall Street's forecast (INTC:NASDAQ) Seeking Alpha Intel's stock soars 20% as results top estimates, with chipmaker showing signs of growth CNBC
Officials hope more casual attire for public servants will save electricity during Iran war as summer approaches Public servants working for the Tokyo metropolitan government are being encouraged to swap their suits for shorts this summer to combat sweltering heat and rising energy costs caused by the US-Israel war on Iran . Inspired by the country’s Cool Biz energy-saving initiative , Tokyo offic...
Officials hope more casual attire for public servants will save electricity during Iran war as summer approaches Public servants working for the Tokyo metropolitan government are being encouraged to swap their suits for shorts this summer to combat sweltering heat and rising energy costs caused by the US-Israel war on Iran . Inspired by the country’s Cool Biz energy-saving initiative , Tokyo officials hope the measure will cut dependence on air conditioning. Continue reading...
Shares of Intel Corp (NASDAQ:INTC) surged about 28% in premarket trading on Friday after the chipmaker delivered stronger-than-expected first-quarter results and issued an upbeat outlook for the second quarter, driven by robust demand for its AI-focused data center chips. The stock climbed to around $85, putting it on track to surpass its all-time high reached during the dot-com era more than two ...
Shares of Intel Corp (NASDAQ:INTC) surged about 28% in premarket trading on Friday after the chipmaker delivered stronger-than-expected first-quarter results and issued an upbeat outlook for the second quarter, driven by robust demand for its AI-focused data center chips. The stock climbed to around $85, putting it on track to surpass its all-time high reached during the dot-com era more than two decades ago.
Nasadq futures rise as Intel shares extend its surge after delivering a sales forecast that beat expectations. Oil gains amid a prolonged standoff around the Strait of Hormuz as peace talks between the US and Iran remain at an impasse. Sonja Marten of DZ Bank discusses the rate path for central banks around the world. (Source: Bloomberg)
Nasadq futures rise as Intel shares extend its surge after delivering a sales forecast that beat expectations. Oil gains amid a prolonged standoff around the Strait of Hormuz as peace talks between the US and Iran remain at an impasse. Sonja Marten of DZ Bank discusses the rate path for central banks around the world. (Source: Bloomberg)