General Motors is considering using an unproven, but possibly more powerful, battery technology for its electric vehicles. The stock is up on Thursday.
General Motors is considering using an unproven, but possibly more powerful, battery technology for its electric vehicles. The stock is up on Thursday.
University of Florida finance professor Jay Ritter, who runs the school’s IPO Initiative and is widely regarded as the dean of IPO research, told CNBC on June 11, 2026, that SpaceX’s pending offering will set a first-day underpricing record that dwarfs prior benchmarks held by Visa and Alibaba. “SpaceX is almost certainly going to blow ... Top IPO Expert: SpaceX IPO ‘Will Blow Away’ Records Set by...
University of Florida finance professor Jay Ritter, who runs the school’s IPO Initiative and is widely regarded as the dean of IPO research, told CNBC on June 11, 2026, that SpaceX’s pending offering will set a first-day underpricing record that dwarfs prior benchmarks held by Visa and Alibaba. “SpaceX is almost certainly going to blow ... Top IPO Expert: SpaceX IPO ‘Will Blow Away’ Records Set by Visa and Alibaba
Hong Kong’s heritage advisers have endorsed designating a nearly 180-year-old temple and the city’s only mosque inside a prison as statutory monuments. The Antiquities Advisory Board proposed at a meeting on Thursday that Hung Shing Temple in Wan Chai and Stanley Mosque in Stanley Prison be elevated by the Antiquities Authority to the city’s highest tier of legal heritage protection. Both building...
Hong Kong’s heritage advisers have endorsed designating a nearly 180-year-old temple and the city’s only mosque inside a prison as statutory monuments. The Antiquities Advisory Board proposed at a meeting on Thursday that Hung Shing Temple in Wan Chai and Stanley Mosque in Stanley Prison be elevated by the Antiquities Authority to the city’s highest tier of legal heritage protection. Both buildings currently have Grade 1 historic building status. Although one board member questioned whether the...
Walter Cicchetti Paramount Skydance's ( PSKY ) planned $110 billion purchase of Warner Bros. Discovery ( WBD ) may threaten Europe's broadcasting industry. Several broadcasters are voicing the potential problems to EU regulators who are reviewing the combination, according to an MLex report on Thursday, which cited market players. The broadcasters fear that a deal could worsen terms and conditions...
Walter Cicchetti Paramount Skydance's ( PSKY ) planned $110 billion purchase of Warner Bros. Discovery ( WBD ) may threaten Europe's broadcasting industry. Several broadcasters are voicing the potential problems to EU regulators who are reviewing the combination, according to an MLex report on Thursday, which cited market players. The broadcasters fear that a deal could worsen terms and conditions for broadcasters licensing US films and series. The broadcasters are also concerned that with a larger streaming platform, Paramount ( PSKY ) may have more of an interest in withholding its catalog of US films and series for its platform, according to the report. "We don't comment on any of our ongoing regulatory proceedings," a Paramount spokesperson told MLex. "As we have said before, we have been engaged with all regulatory and law enforcement bodies in a constructive and transparent manner and will continue to do so." The latest news comes after it was disclosed on Wednesday that the megadeal wa s being reviewed under the European Union's Foreign Subsidies Regulation. The EU set an initial deadline of July 14 to decide on the transaction, according to a listing on the regulator's website. The latest European filing comes after the EU's antitrust regulator, the European Commission, began its traditional review of the transaction last week, which is slated to end on July 7. Shares of Warner Bros. edged higher by 1% on Thursday. More on Warner Bros. Discovery, Paramount Skydance Corporation Paramount Skydance: Operating Leverage Makes The Bull Case Paramount Skydance: Charging Ahead In The Streaming Arena Netflix, Disney, FuboTV, WBD And The Streaming Media Landscape Warner/Paramount Skydance is being reviewed under the EU's foreign subsidies rule California AG eyes top lawyer for potential fight against Paramount-WBD merger — Hollywood Reporter
The dollar index (DXY00 ) climbed to a 2-month high today, up by 0.23%. Concerns over the escalation of the US-Iran conflict are boosting safe-haven demand for the dollar after President Trump said the US will keep attacking Iran and threatened to seize Kharg Island, Iran's main crude exporting hub....
The dollar index (DXY00 ) climbed to a 2-month high today, up by 0.23%. Concerns over the escalation of the US-Iran conflict are boosting safe-haven demand for the dollar after President Trump said the US will keep attacking Iran and threatened to seize Kharg Island, Iran's main crude exporting hub....
Not every big stock move is an AI story. Casey's General Stores ( CASY ) executives reported that consumers are "hanging in there" despite economic pressures, with growth visible across all income segments, according to comments made during the company's fourth quarter fiscal year 2026 earnings call. The company’s stock is currently -1% on Thursday after rising 19.3% from five days ago, and gainin...
Not every big stock move is an AI story. Casey's General Stores ( CASY ) executives reported that consumers are "hanging in there" despite economic pressures, with growth visible across all income segments, according to comments made during the company's fourth quarter fiscal year 2026 earnings call. The company’s stock is currently -1% on Thursday after rising 19.3% from five days ago, and gaining 64.3% year-to-date. CEO Darren Rebelez noted that while shoppers are "being a little more discerning about where they shop and how they spend their money," the convenience store chain is seeing continued spending from customers earning above $50,000 annually, which represents three-quarters of their guest base. "We're seeing growth across all of the income cohorts," Rebelez said on the call, explaining that lower-income consumers—those earning below $50,000 annually—showed slightly less growth compared to middle and higher-income shoppers. The company observed subtle behavioral shifts at the fuel pump, including minor declines in premium fuel sales, increased purchases of cheaper ethanol-blended fuel, and smaller transaction sizes as retail prices climbed. "All of those dynamics are happening right now, but in low single-digit percentages," Rebelez said. "This is kind of very nuanced behaviors." The stock has been moving following a standout quarter that saw diluted earnings per share reach $4.37, representing a 66% increase from the prior year. Total inside sales rose 7.4% to over $1.5B, while fuel gross profit increased 21% with margins averaging $0.469 per gallon—up approximately $0.093 from the previous year. CFO Steve Bramlage highlighted structural tailwinds benefiting the company, including a favorable mix shift toward nicotine alternatives and strong energy drink sales. Casey's ( CASY ) delivered record annual results with net income of $714M and EBITDA of nearly $1.5B, both representing increases of 31% and 23%, respectively, from the prior year. Looking ahead, t...
Earnings Call Insights: Vera Bradley (VRA) Q1 fiscal 2027 Management View "I am pleased to report that our first quarter results demonstrate continued momentum in our Project Sunshine transformation journey" (CEO & Chairman of the Board Ian Bickley). "Most notably, following a clear trajectory of sequential improvement, our first quarter achieved a return to positive year-on-year growth of nearly ...
Earnings Call Insights: Vera Bradley (VRA) Q1 fiscal 2027 Management View "I am pleased to report that our first quarter results demonstrate continued momentum in our Project Sunshine transformation journey" (CEO & Chairman of the Board Ian Bickley). "Most notably, following a clear trajectory of sequential improvement, our first quarter achieved a return to positive year-on-year growth of nearly 8%, marking our first quarter of overall revenue growth since Q4 FY '22." "Overall sales for the first quarter were up 7.8% versus Q1 of the prior year, with growth across nearly all channels of distribution" (CEO & Chairman of the Board Bickley). "We achieved strong sequential improvement in our Direct segment, with revenue growth of 4.1% compared to the prior year" and "Our Indirect segment revenue grew approximately 26.6% year-over-year" driven by "shipments related to strategic wholesale partnerships, including Target." "Our Winnie the Pooh collection was a huge success, strongly selling through in less than 2 weeks" (CEO & Chairman of the Board Bickley). "Teased on social media, over 30,000 people queued up online for the release of 52 bespoke 100 Bags, ranging in price from $95 to $145, which were sold out in less than 3 minutes." "I’m pleased to announce that our new head of digital commerce joined the team on May 4th" (CEO & Chairman of the Board Bickley). "His expertise in scaling digital commerce businesses on existing platforms like Amazon and Target, as well as emerging platforms like TikTok Shop, will be instrumental as we execute our integrated digital strategy and drive future growth and profitability." "For the first quarter of fiscal 2027, our consolidated revenues totaled $55.7 million" (Chief Operating & Financial Officer Martin Layding). "Net loss from continuing operations for the first quarter improved 75%, totaling negative $2.5 million or negative $0.09 per diluted share." Outlook "For fiscal 2027, we continue to plan for sales to be in the range of ...
Earnings Call Insights: Hooker Furnishings Corporation (HOFT) Q1 fiscal 2027 Management view "Despite continued weakness in the housing market, soft retail demand for furniture and home furnishings, and persistent macroeconomic challenges, we delivered net income of $1.1 million for the quarter" (CFO, Principal Financial & Accounting Officer and Senior VP of Finance Earl Armstrong). "Consolidated ...
Earnings Call Insights: Hooker Furnishings Corporation (HOFT) Q1 fiscal 2027 Management view "Despite continued weakness in the housing market, soft retail demand for furniture and home furnishings, and persistent macroeconomic challenges, we delivered net income of $1.1 million for the quarter" (CFO, Principal Financial & Accounting Officer and Senior VP of Finance Earl Armstrong). "Consolidated net sales decreased $1.7 million, or 2.4%, compared to the prior year period" and "consolidated gross profit increased by $2.7 million, while gross margin improved 440 basis points" (CFO Armstrong). "We are encouraged to report $1.1 million in consolidated net income for the quarter" and "the improvement reflects the benefit of the $17.5 million reduction in fixed costs related to continuing operations" (CEO & Director Jeremy Hoff). "Retailer commitments to Margaritaville products, galleries, and freestanding stores continue to exceed our expectations with meaningful shipments expected to begin in the second half of fiscal '27" (CEO Hoff). "During market, we introduced Hooker Custom Upholstery, bringing together the Sam Moore and Bradington-Young brands under a unified platform" (CEO Hoff). "Backlog increased nearly 30% compared to the prior year first quarter" and "the segment contributed $1.2 million of the operating income to the company's consolidated operating income of $1.6 million" (CFO Armstrong). "Cash and cash equivalents stood at $10.6 million at quarter end" and "the company had no debt" (CFO Armstrong). "During the quarter, we purchased about 7,600 shares of our stock for approximately $96,000, at an average price of $12.53 per share" (CFO Armstrong). Outlook "Looking at the early part of the second quarter, consolidated incoming orders increased 8% in May compared to the prior year period, while backlog was up more than 14% year over year" (CEO Hoff). "To date, we have commitments for 100 in-store galleries and 10 freestanding retail stores, compared with appr...
The European Central Bank raised its policy rate by 25 basis points this morning, citing the Iran War as a central cause. It is the ECB’s first rate hike since 2023, and it lands three weeks after Kevin Warsh was sworn in as Jerome Powell’s successor at the Federal Reserve on May 22, 2026. The ... The First Rate Hike Since 2023 Jolts Markets. Will Kevin Warsh and the Fed Move on June 16?
The European Central Bank raised its policy rate by 25 basis points this morning, citing the Iran War as a central cause. It is the ECB’s first rate hike since 2023, and it lands three weeks after Kevin Warsh was sworn in as Jerome Powell’s successor at the Federal Reserve on May 22, 2026. The ... The First Rate Hike Since 2023 Jolts Markets. Will Kevin Warsh and the Fed Move on June 16?
Bloomberg’s style guidance on expletives prevents me from repeating the word I blurted out when news of John Healey’s resignation broke this afternoon (don’t overthink it, it’s the first that comes to your mind — yes, exactly, that one). Healey may be among the less glamorous names in Labour’s hierarchy but that’s precisely why his decision to jump ship landed with such a thud. The now-former Defe...
Bloomberg’s style guidance on expletives prevents me from repeating the word I blurted out when news of John Healey’s resignation broke this afternoon (don’t overthink it, it’s the first that comes to your mind — yes, exactly, that one). Healey may be among the less glamorous names in Labour’s hierarchy but that’s precisely why his decision to jump ship landed with such a thud. The now-former Defence Secretary is serious, earnest, hard-working, realistic and pragmatic. He personifies the very qualities that Keir Starmer has fought to associate with his own premiership. If the government can’t keep hold of someone like Healey, how can it keep going at all? That, broadly speaking, is the question echoing around the halls of Westminster this evening, although the exact route to a post-Starmer Labour party remains something of a puzzle. The simplest, of course, starts with an Andy Burnham victory in the Makerfield by-election this time next week — but what if the self-styled King of the North loses ? The uncertainty explains why betting markets didn’t react more sharply to today’s news. Polymarket is showing a mere 16% chance of Starmer leaving Downing Street by the end of this month, while the chance of him going by the end of the year remains below 80%. Doubts linger. It is not easy to oust a Labour PM. Still, the bruising dealt by Healey’s departure is considerable. As this newsletter has noted on many occasions, foreign policy tends to be Starmer’s strongest suit, and one of his most convincing arguments for fending off leadership rivals in recent weeks has concerned the national interest at a time of global upheaval. That case, that image, will be extremely tough to maintain in the shadow of a defence secretary who’s essentially accused the government of failing to protect the realm. Labour’s spending plan “falls well short of what is required for defence and the country at this dangerous time,” wrote Healey, one of the party’s most loyal servants, in his resignati...
Oracle Corp (NYSE:ORCL, XETRA:ORC) shares fell around 12% on Thursday after quarterly results drew investor scrutiny over the company's aggressive capital spending plans, even as a record backlog and strong cloud infrastructure growth pointed to durable demand for its AI buildout. The stock...
Oracle Corp (NYSE:ORCL, XETRA:ORC) shares fell around 12% on Thursday after quarterly results drew investor scrutiny over the company's aggressive capital spending plans, even as a record backlog and strong cloud infrastructure growth pointed to durable demand for its AI buildout. The stock...
SpaceX hasn't even launched its historic initial public offering, and we're already talking about selling the shares? Well, it's important to remember that certain investors have backed the SpaceX story for quite some time in the private market, and though they may still strongly believe in the company's future, some of them may want to lock in some gains too. For example, Ark Invest's Ark Venture...
SpaceX hasn't even launched its historic initial public offering, and we're already talking about selling the shares? Well, it's important to remember that certain investors have backed the SpaceX story for quite some time in the private market, and though they may still strongly believe in the company's future, some of them may want to lock in some gains too. For example, Ark Invest's Ark Venture Fund has seen the company's valuation climb from $350 billion just two years ago to possibly $1.7 trillion post-IPO. We don't know the specific plans of Ark Venture, but it wouldn't be surprising if early investors in the company sold some shares in the near future to benefit from SpaceX's incredible gain. Here's an important point, though: They can't do it right away. Lockup periods are put into place around IPO stocks, preventing early investors from selling immediately after the operation. SpaceX is on track to launch its IPO on June 12. Let's zoom in on SpaceX's lockup period to find out the details and how this may impact stock performance. Continue reading