The US Supreme Court shielded funds from some investor lawsuits in a 6-3 vote, blocking activist investors from suing 11 closed-end funds. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
The US Supreme Court shielded funds from some investor lawsuits in a 6-3 vote, blocking activist investors from suing 11 closed-end funds. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
Outside of purchasing a home, buying a car is the most expensive purchase most people will make in their lifetimes. Now, companies like Tesla and General Motors are developing technologies that will add value to their vehicles beyond just transportation. On June 9, General Motors announced that it ...
Outside of purchasing a home, buying a car is the most expensive purchase most people will make in their lifetimes. Now, companies like Tesla and General Motors are developing technologies that will add value to their vehicles beyond just transportation. On June 9, General Motors announced that it ...
ANET rolls out 7060XE7 Series Ethernet platforms, delivering 1.6 Tbps per port and up to 100 Tbps switching capacity to meet surging AI infrastructure demands.
ANET rolls out 7060XE7 Series Ethernet platforms, delivering 1.6 Tbps per port and up to 100 Tbps switching capacity to meet surging AI infrastructure demands.
The SpaceX IPO order book is closed. Retail investors will play a huge role in how the initial public offering goes. On Thursday, Bloomberg reported that retail investors have orders for some $70 billion worth of SpaceX stock.
The SpaceX IPO order book is closed. Retail investors will play a huge role in how the initial public offering goes. On Thursday, Bloomberg reported that retail investors have orders for some $70 billion worth of SpaceX stock.
The London Company released its Q1 2026 investor letter for “The London Company Large Cap Strategy”. In early 2026, US equities declined, with the Russell 3000 falling 4% and the S&P posting losses. A copy of the letter is available to download here. The year started positively with a broad rally, but sentiment reversed in […]
The London Company released its Q1 2026 investor letter for “The London Company Large Cap Strategy”. In early 2026, US equities declined, with the Russell 3000 falling 4% and the S&P posting losses. A copy of the letter is available to download here. The year started positively with a broad rally, but sentiment reversed in […]
A person walks past the U.S. Supreme Court on May 28, 2026 in Washington, DC. Kevin Dietsch | Getty Images The Supreme Court sided on Thursday with a group of investment funds affiliated with BlackRock and other asset managers in their bid to fend off certain lawsuits brought by private plaintiffs under a key federal securities law. The justices, in a 6-3 decision, reversed a lower court's ruling ...
A person walks past the U.S. Supreme Court on May 28, 2026 in Washington, DC. Kevin Dietsch | Getty Images The Supreme Court sided on Thursday with a group of investment funds affiliated with BlackRock and other asset managers in their bid to fend off certain lawsuits brought by private plaintiffs under a key federal securities law. The justices, in a 6-3 decision, reversed a lower court's ruling that let hedge fund Saba Capital Master Fund sue under the Investment Company Act of 1940 to void fund bylaws restricting the voting power of activist shareholders. President Donald Trump 's administration backed BlackRock, FS Credit Opportunities and other funds involved in the case, including Adams Diversified Equity Fund , Adams Natural Resources Fund and Royce Global Trust . The investment funds at issue are so-called "closed-end funds," which issue a fixed number of shares and frequently trade for less than the value of their underlying holdings. The funds, which are organized under Maryland law, adopted bylaw provisions that restrict the voting power of large shareholders. Saba, a hedge fund managed by activist investor Boaz Weinstein that owns shares in the investment funds, brought legal challenges against 11 such funds. It alleged that the disputed bylaw provisions violated part of the Investment Company Act requiring that each share carry equal voting power. It also argued that the law allows private parties - not just the U.S. Securities and Exchange Commission - to bring suits seeking to void corporate bylaws or other contractual terms that violate the Investment Company Act. A federal judge in New York sided with Saba, ruling in 2024 that the so-called "control share bylaws" violated the Investment Company Act and must be removed. The New York-based 2nd U.S. Circuit Court of Appeals upheld the judge's ruling. This prompted some of the funds to appeal to the Supreme Court, arguing that the Investment Company Act does not contain a so-called "private right of act...
JHVEPhoto/iStock Editorial via Getty Images Elevator Thesis Broadcom Inc. ( AVGO ) has become one of the most important companies in the AI infrastructure buildout. It has no scarce compute such as Nvidia ( NVDA ). It also does not have the control over spending like Microsoft ( MSFT ), Amazon ( AMZN ), Alphabet ( GOOG , GOOGL ), or Meta Platforms ( META ). Broadcom essentially plays as an infrast...
JHVEPhoto/iStock Editorial via Getty Images Elevator Thesis Broadcom Inc. ( AVGO ) has become one of the most important companies in the AI infrastructure buildout. It has no scarce compute such as Nvidia ( NVDA ). It also does not have the control over spending like Microsoft ( MSFT ), Amazon ( AMZN ), Alphabet ( GOOG , GOOGL ), or Meta Platforms ( META ). Broadcom essentially plays as an infrastructure layer, sitting in the middle. It enables hyperscalers to convert big AI budgets into operational compute power. The significance of that role is evident in Q2 FY26. Its revenue grew 48% YOY to $22.2 billion . At the same time the AI semiconductor revenues grew by 143% to $10.8 billion. Almost half of the total revenue is now directly linked to AI semis. However, even more impressive is the efficiency with which management leverages this growth into billions in free cash flow, keeping the margin profile elite. Forward guidance suggests yet another solid quarter to come, and near-term visibility remains crystal clear. On a broader scale, a handful of hyperscalers are investing nearly $700 billion annually in building AI infrastructure, and demand appears to still outpace supply. That gives Broadcom a very positive environment as it provides key components of that infrastructure. The catch is, Wall Street is already aware of this and Broadcom is no longer a secret AI play. Rather than a stock that may experience a further re-rating in valuation, it is a business that has the potential to compound steadily through earnings and cash flow growth. That is the reason why I like Broadcom in the long run. It is firmly tied to the global AI buildout, and will continue to benefit for years. That being said, I see it more as a high-quality stock to hold than one to aggressively buy at today's valuation. Where Broadcom Really Earns Its Returns AVGO Three Engine Model (Author generated based on Data) I see three distinct economic engines operating inside Broadcom. Interestingly, e...
Treasuries rose as a drop in oil prices improved the outlook for US inflation. The gains Thursday trimmed yields across maturities by two to three basis points to hit session lows during the US morning, when European bonds also advanced. Oil prices have tracked shifting sentiment about the prospects of ending the US-Israeli war on Iran that has disrupted Middle East supply. They resumed declining ...
Treasuries rose as a drop in oil prices improved the outlook for US inflation. The gains Thursday trimmed yields across maturities by two to three basis points to hit session lows during the US morning, when European bonds also advanced. Oil prices have tracked shifting sentiment about the prospects of ending the US-Israeli war on Iran that has disrupted Middle East supply. They resumed declining after a report that United Arab Emirates and Iranian officials held a pivotal meeting this week overshadowed threats from President Donald Trump to significantly escalate the conflict by seizing Iran’s key oil hub. The oil-driven moves in bonds were complicated by the release of US inflation data showing bigger increases in wholesale prices in May than economists had estimated. Core prices excluding energy and food rose less than estimated, however. “Many are telling us they think the worst of the inflation data is in,” said Tony Farren , managing director in rates sales and trading at Mischler Financial Group . Lower-than-expected increases in core inflation despite higher energy prices “has changed the mindset of the Treasury market at least temporarily.” US government bonds are little changed on the week after strong May employment data released June 5 altered expectations for the Federal Reserve , whose policy-setting committee meets next week for first time since Kevin Warsh succeeded Jerome Powell as head of the US central bank. Fed officials are widely seen leaving their target range for the federal funds rate unchanged at 3.5%-3.75%, where it’s been since December. However quarterly revisions to their forecasts for interest rates and the economy may reflect the war-driven surge in energy prices that has many investors looking for a quarter-point rate increase by year-end and seeing strong chances of another one by mid-2027. Thursday’s rally reduced the expected yield for an auction of 30-year bonds at 1 p.m. New York time, the third and final sale of longer-term Tre...
On this episode of Stock Movers with Alexis Christoforous: - Oracle (ORCL) shares are lower after the company reported quarterly capital expenses that were higher than estimates. The company expects to spend about $70 billion on net capital expenditures in the current fiscal year, which ends in May 2027. - Hugo Boss (BOSS) shares are moving on news Frasers Group Plc offered to buy the rest of Hugo...
On this episode of Stock Movers with Alexis Christoforous: - Oracle (ORCL) shares are lower after the company reported quarterly capital expenses that were higher than estimates. The company expects to spend about $70 billion on net capital expenditures in the current fiscal year, which ends in May 2027. - Hugo Boss (BOSS) shares are moving on news Frasers Group Plc offered to buy the rest of Hugo Boss AG for about €2 billion ($2.3 billion) as billionaire Mike Ashley seeks to add another fashion brand to his growing collection. - Stitch Fix (SFIX) shares are moving as it bumped up its fiscal-year outlook after revenue rose in its latest quarter, citing a boost from efforts to improve its customer experience and assortment. (Source: Bloomberg)
After a stock like Seagate (STX) runs up over 500% over the last 12 months, it’s natural to assume you’ve missed the party. The story of surging AI demand is well known, and the fear of buying a cyclical hardware company at the top of its game is a powerful one. But buried in management’s commentary is a single, forward-looking metric that suggests the market may be misjudging the durability of th...
After a stock like Seagate (STX) runs up over 500% over the last 12 months, it’s natural to assume you’ve missed the party. The story of surging AI demand is well known, and the fear of buying a cyclical hardware company at the top of its game is a powerful one. But buried in management’s commentary is a single, forward-looking metric that suggests the market may be misjudging the durability of this cycle.
When I started nursing at 21 we were able to deliver timely, good care. That has become nearly impossible Sophie (not her real name) is a member of the Royal College of Nursing and a senior A&E nurse in a hospital in the south of England I began my career as an A&E nurse in 2010, when I was 21. It was a completely different world. If a patient needed immediate attention, there was easily the capac...
When I started nursing at 21 we were able to deliver timely, good care. That has become nearly impossible Sophie (not her real name) is a member of the Royal College of Nursing and a senior A&E nurse in a hospital in the south of England I began my career as an A&E nurse in 2010, when I was 21. It was a completely different world. If a patient needed immediate attention, there was easily the capacity for two nurses to look after them straight away. The NHS target of seeing patients within a four-hour window wasn’t something we gave much thought to, as it was pretty much a given that a patient would be admitted, transferred or discharged within that time. I don’t ever recall seeing a patient and feeling awful about how long they had waited. It’s amazing to think how common it used to be for emergency departments to be almost empty at times in the evenings. As well as being much needed respite from the demands of the job, it was also a valuable time to learn from more senior colleagues. Nurses with decades of experience would take new recruits under their wings and help us practise our skills. That time is when I learned to plaster limbs and dress wounds. I wish I could do the same for my junior colleagues now. We used to be able to give timely, good care – now it has become near impossible. Sophie (not her real name) is a member of the Royal College of Nursing and a senior A&E nurse in a hospital in the south of England Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
核心要点 OpenAI 大举开拓企业级市场，与安索帕展开正面竞争；与此同时， 苹果 与 谷歌 发力面向普通用户落地高端人工智能功能。 本周两家企业路线差异彻底显现：苹果在全球开发者大会推出独立应用 Siri AI，OpenAI 则已秘密递交上市申请。 苹果、谷歌正为数十亿终端用户研发 AI 功能，但目前尚无法确定消费者是否愿意为新增 AI 功能付费。 2026 年 5 月 19 日，加州山景城谷歌...
核心要点 OpenAI 大举开拓企业级市场，与安索帕展开正面竞争；与此同时， 苹果 与 谷歌 发力面向普通用户落地高端人工智能功能。 本周两家企业路线差异彻底显现：苹果在全球开发者大会推出独立应用 Siri AI，OpenAI 则已秘密递交上市申请。 苹果、谷歌正为数十亿终端用户研发 AI 功能，但目前尚无法确定消费者是否愿意为新增 AI 功能付费。 2026 年 5 月 19 日，加州山景城谷歌开发者大会现场，谷歌首席执行官桑达尔・皮查伊发表主题演讲。 曾经凭借 ChatGPT 火爆出圈、主打 C 端用户市场的 OpenAI，如今战略重心全面转向企业客户；而谷歌与苹果接连推出多款面向普通大众的人工智能产品，力图向用户展示 AI 如何融入日常、提升实用体验。 本周两家企业截然不同的发展路线彻底摆上台面：苹果在年度全球开发者大会上推出独立应用 Siri AI；OpenAI 则对外披露已秘密提交 IPO 申请，企业市场（尤其是 AI 辅助代码开发业务）近期业务爆发，为其上市铺路。 当下正值人工智能行业发展关键分水岭：OpenAI 与安索帕选择深耕企业赛道，向预算充足的大型企业售卖服务，打造具备长期盈利空间的规模化业务，而非费力说服习惯免费线上服务的普通用户付费。与之相反，苹果、谷歌手握巨额现金流，即便短期补贴 C 端 AI 业务也负担得起，以此提升 AI 用户渗透率，牢牢留住自家生态内核心用户。 高德纳分析师谢尔・卡尔松表示，苹果的逻辑很清晰：“我们可以免费提供 AI 功能，后续用户购买 iPhone、订阅 iCloud 服务就能把成本赚回来。” 苹果称全球活跃设备总量超 25 亿台；谷歌旗下现有 7 款产品月活用户均突破 20 亿。 卡尔松表示：“各大企业逐渐意识到，用户是通过硬件产品、使用体验、配套解决方案感知 AI 价值，而非单纯为大模型或 AI 平台买单。” 尽管苹果终于在消费级 AI 领域拿出实质进展，但本届全球开发者大会整体反响平淡。业内普遍认为苹果入局 AI 节奏滞后，市场对全新 Siri 期待极高，最终成品不及预期。受此影响，苹果股价两日内累计下跌超 5%，分析师质疑新品落地时间表模糊，且部分功能在多国上线存在延迟。 除全新独立 Siri 应用外，苹果还演示了 AI 如何深度融入全产品线：iPhone 相机、邮件、快捷指令自动化效率工具均搭载 AI 能力...
Latest reports from rural Ontario add to tales going back decades about bipedal creature also known as Bigfoot On a recent evening, residents in a corner of rural Ontario reported a series of strange encounters. “The birds stopped, the wind seemed to die down, and it got oddly quiet. That’s when I noticed movement ahead of me,” one witness wrote. A “strong, earthy smell” hung in the air. Then, “a ...
Latest reports from rural Ontario add to tales going back decades about bipedal creature also known as Bigfoot On a recent evening, residents in a corner of rural Ontario reported a series of strange encounters. “The birds stopped, the wind seemed to die down, and it got oddly quiet. That’s when I noticed movement ahead of me,” one witness wrote. A “strong, earthy smell” hung in the air. Then, “a massive figure slowly stepped out from behind the trees, and my heart instantly started racing”. Moments later, it vanished back into the forest and “everything slowly went back to normal”. Continue reading...