Pontiff calls on leaders to treat migrants more humanely as he concludes week-long Spanish tour in Gran Canaria The constant flow of people embarking in small, rickety boats to migrate abroad should force a reckoning as to why we have built a world where so many “must risk death to seek life”, Pope Leo has said as he warned: “We cannot grow accustomed to counting the dead.” Thursday’s speech in the Canary Islands, on the final leg of the pontiff’s week-long tour of Spain, contained Leo’s most pointed comments to date on migration. Continue reading...

BMO Capital Markets sees the S & P 500 continuing to rally, thanks to a robust macroeconomy and an even stronger earnings backdrop. In a report published Thursday, the Canadian bank raised its 2026 year-end target for the S & P 500 to 7,850. The new forecast would equate to an 8% rally in the broad market index, which closed at 7,266.99 on Wednesday. Stocks have faced a turbulent year so far, initially hitting multiple new record highs due to enthusiasm surrounding the artificial intelligence trade. However, diminished enthusiasm for AI and memory chip makers in the past few days has caused the technology sector — and stocks as a whole — to sell off. But BMO chief investment strategist Francois Trahan believes that the strong earnings story is enough to lift markets from current levels. Unprecedented earnings "Surely, the U.S. consumer is feeling stress from the affordability crisis, a point that dampens the otherwise amazing U.S. growth story," Trahan wrote. "Still, the robust earnings story is somewhat unprecedented and provides a phenomenal boost for stock prices," he said. "The earnings story is the 'tide that lifts all boats' and after all the stimulus in the pipeline, it's not that unusual. The scale is the rarity." Trahan added that it's highly unusual for S & P 500 forward earnings to clock in at the present rate of 29%. Earnings are also growing rapidly for mid-cap stocks, at 18%, and small-caps, at 24%. "In the history of forward earnings (back to 1980), we have only seen larger numbers when we were coming out of the financial crisis and earnings had been depressed, and again in the wake of the pandemic. We did not have a recession last cycle setting us up for unprecedented momentum — and it's broad-based," the strategist said. More worryingly, Trahan said that earnings growth this fast usually comes with inflation as a byproduct. On the plus side, he noted that it usually takes some time for inflationary pressures in the pipeline to affect the broader inf...

AMD CEO makes bold move to boost AI in key market thestreet.com

Higher-for-longer interest rates means over-leveraged companies are running out of ways to repay their borrowings ahead of a looming maturity wall, according to Brook Hinchman , a managing director at Oaktree Capital Management LP . More than $200 billion of high yield and leveraged loan debt is trading below 90 cents on the dollar and above 15% yield-to-maturity, much of it from buyout deals in 2021 and 2022, Hinchman said on an Oaktree podcast . That’s “a very large amount,” he added. After interest rates rose, many struggling companies took on expensive debt, known as ‘payment-in-kind,’ to delay having to pay cash interest, or used restructurings called liability-management exercises to amend their borrowings. “There’s been a lot of kicking of the can as a result of LMEs and PIK,” as most of the loans are for six years, said Hinchman. “You’ve really kind of stretched as much as possible to delay the inevitable. But once you get to these hard maturities, we see that there is going to be a lot of opportunities.” Hinchman joins a number of investors cautioning about the maturity wave facing borrowers in the coming years. That includes Pacific Investment Management Co.’s Chief Investment Officer, Daniel Ivascyn , who warned that the first sustained default cycle in credit in many years has already begun. Read more: SVP’s Victor Khosla Sees a ‘Lot of Canaries in the Coal Mine’ Much of the concern is around software lending after the emergence of artificial intelligence. Citigroup Inc. ’s Michael Anderson and Steph Choe wrote earlier this year that a third of technology company issuers with debt maturing in 2028 haven’t been able to demonstrate that they have access to capital markets for many years. Those companies will likely start trying to refinance the debt from the second half of this year, they wrote. Read more: Private Markets’ Software Pain Is About to Get a Lot Worse Similar problems could emerge in private credit, an industry which Hinchman said did over-lev...

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Chow Tai Fook Jewellery Group Limited press release ( CJEWY ): FY GAAP EPS of HK$0.90. Revenue of HK$94.3M. The Group achieved an operating profit of HK$18,850 million (+27.8% YoY) and a record high profit attributable to shareholders of HK$9,004 million (+52.2% YoY). Gross profit margin expanded to 32.3%, supported by higher gold prices and increased contribution from the retail business and design-led jewellery. Operating profit margin expanded 360bps to a five-year high level of 20.0% driven by strong business performance and continued disciplined cost management. Return on Equity ("ROE") increased to 28.4%, which represented a sustained improvement against our 5-year historical average of 20.5%. The Group opened its first global flagship store in Hong Kong in February 2026, alongside newly designed stores across the Chinese Mainland and key international markets, while expanding into luxury lifestyle categories. The Board has proposed a final dividend of HK$0.45 per share, bringing the full-year total to HK$0.67 per share, a payout ratio of 73.4%, reflecting our commitment to sustained shareholder returns. More on Chow Tai Fook Jewellery Group Limited Historical earnings data for Chow Tai Fook Jewellery Group Limited Dividend scorecard for Chow Tai Fook Jewellery Group Limited Financial information for Chow Tai Fook Jewellery Group Limited

DigitalBridge CEO Marc Ganzi joined Bloomberg Open Interest to explain why AI’s next bottleneck is power, not just chips or data centers. He breaks down the ArcLight acquisition, the company’s massive gigawatt pipeline, and why he thinks space-based data centers are still more “science project” than real infrastructure strategy. (Source: Bloomberg)

JHVEPhoto/iStock Editorial via Getty Images L3Harris Technologies ( LHX ) on Wednesday said it received a U.S. Army order worth up to $106 million to provide its Vampire counter-unmanned aircraft systems as the military seeks to strengthen defenses against hostile drones. The award is part of the Army's broader layered approach to countering unmanned aerial systems, a threat that has become increasingly prominent in conflicts around the world. For investors, the contract underscores continued growth opportunities in the rapidly expanding counter-drone market, which has emerged as a priority spending area for the U.S. military and allied governments. Defense companies with proven systems already deployed in combat have been among the primary beneficiaries of rising demand for affordable drone detection and defeat capabilities. Vampire is a self-contained weapons system designed to provide reconnaissance and precision strike capabilities against drones and remotely piloted aircraft. L3Harris ( LHX ) said the system has accumulated more than 350,000 operational hours in European combat operations since 2023. The company developed the system during the war in Ukraine as a lower-cost option for countering drone threats. According to L3Harris, the platform was designed to be rapidly assembled, deployed and operated in the field. Tom Kirkland, president of Targeting & Sensor Systems within L3Harris' Communications & Spectrum Dominance segment, said the company worked closely with the Army to develop a system that could be delivered quickly while providing an affordable way to engage drone threats. Earlier this year, L3Harris ( LHX ) expanded production of Vampire by launching a high-volume manufacturing line in Huntsville, Alabama. The company said the investment was made in response to increasing demand from the United States and allied nations for counter-drone capabilities. The latest award adds to a growing portfolio of defense programs aimed at addressing the prolifer...

SpaceX IPO的散户订单金额据称已超过1000亿美元。

In this video, Motley Fool contributor Jason Hall breaks down a four-stock basket as an alternative to SpaceX : Rocket Lab Corp (NASDAQ: RKLB) , Intuitive Machines (NASDAQ: LUNR) , AST SpaceMobile (NASDAQ: ASTS) , and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) . *Stock prices used were from the Morning of June 10, 2026. The video was published on June 11, 2026. Continue reading

Shares of Adobe (NASDAQ:ADBE) are down 5% in Thursday midday trading, slipping to roughly $222.60 and pressing against a 52-week low of $220.17. The latest leg lower extends a brutal stretch for the creative-software giant. Year to date, Adobe stock is down 37%. The trailing-12-month P/E ratio sits near 13x, an unusually compressed multiple for ... Adobe Is Now Down 37% in 2026. Should Value-Trapped Investors Switch to Alphabet?

Oil prices have surged this year amid the conflict with Iran. Brent oil, the global benchmark price, has risen more than 50%, jumping from around $60 a barrel to more than $90. On a positive note, Brent is currently well below its peak of nearly $120 a barrel, reached in the early days of the war. Crude has cooled off amid hopes that the U.S. and Iran will reach a peace deal that includes reopening the Strait of Hormuz. Many people outside the oil industry believe oil prices will decline rapidly once the Strait reopens and remain low in the coming years. However, the CEO of global oil giant Shell (NYSE:SHEL) has a different view. He expects oil prices to continue rising long after the war ends. Here’s why and what that means for oil stocks . Image source: Getty Images. Continue reading

太空探索技术公司（SPCX）将于本周五登陆资本市场，受此预期带动， 维珍银河 （股票代码 SPCE）周四股价大涨 23%。 上涨动因 市场万众期待 SpaceX 上市，航天板块迎来热度外溢行情，这家太空旅行企业股价应声飙升。 航天概念股集体走强，火箭实验室（RKLB）涨幅达 5%。此前数周航天板块行情剧烈波动，如今维珍银河与火箭实验室同步反弹回暖。 近期多重利好催化股价上行，押注维珍银河下跌的空头被迫平仓离场：公司计划于今年晚些时候重启商业载人亚轨道飞行，且此前完成试飞任务取得成功。市场另有传言，散户投资者混淆股票代码 —— 维珍银河代码 SPCE，SpaceX 上市交易代码为 SPCX，代码高度近似，部分散户误买入推高股价。 5 月 20 日至 6 月初，该股累计暴涨 200%；周三公司完成债转股操作，通过增发新股偿还债务，原有股东股权被稀释，股价当日出现回落。 补充要点 埃隆・马斯克执掌的 SpaceX 重新点燃资本市场对航天行业的关注，本周五其上市有望成为史上规模最大的 IPO。 维珍银河由英国富豪理查德・布兰森爵士创立，2019 年通过特殊目的收购公司（SPAC）完成上市。 该股年内累计涨幅约 68%，但相较于 2021 年创下的 920 美元历史收盘高点，当前股价仅为当年零头。 公司主营业务为售卖亚轨道太空旅行舱位获取营收，2024 年暂停全部运营，集中资源研发新一代载人飞船。维珍银河计划 2026 年第四季度重启商业载人飞行。 多年来公司持续增发新股，不断稀释原有股东权益，2024 年还实施过一次反向拆股。 责任编辑：郭明煜

Yang Dexing, president of UBS (China) Ltd. Demand for wealth-succession tools among China’s ultra-rich is accelerating, with the family trust market estimated to have approached 1 trillion yuan ($147 billion) in 2025, according to the head of UBS Group AG’s local banking unit. The rapid growth reflects a shift in wealth planning among China’s first-generation entrepreneurs, who are moving beyond traditional inheritance methods and turning to structured trust arrangements as they navigate market volatility and prepare for generational transfers.

Earnings Call Insights: MIND Technology (MIND) Q1 fiscal 2027 Management view "Our results for the first quarter were essentially in line with their expectations and once again reflected positive adjusted EBITDA," and "the near-term market can best be described as uncertain with less visibility than normal," driven by "economics, politics, and security" and customers being "reluctant to commit to equipment purchases, most notably larger system orders" (President, CEO & Director Robert Capps). "Our backlog of firm orders as of April 30, 2026 was approximately $7.6 million, compared to $13.9 million as of January 31, 2026," and management added that the pipeline is "solid, and several times greater than our firm backlog" with "a few" significant pursuits "$10 million or more each" (President, CEO & Director Capps). "Revenues for marine technology product sales totaled approximately $9.7 million" and "first quarter gross profit was approximately $4.1 million" for a "gross profit margin of 42%," while "net loss for the first quarter was approximately $411,000 after income tax expense of $476,000" (VP, CFO & Chief Accounting Officer Mark Cox). "As of April 30, 2026, we had significant working capital of approximately $37.8 million including $17.7 million of cash on hand" and "the company continues to maintain a clean, debt-free balance sheet" (VP, CFO & Chief Accounting Officer Cox). Outlook "Current visibility continues to indicate that our results for fiscal 2027 to be down when compared to fiscal 2026," and management added, "it will be difficult to replicate the system order volume that we've enjoyed over the past two years" (President, CEO & Director Capps). "However, we expect to be cash flow positive for the year, even with lower revenue," and management tied resilience to aftermarket demand: "our growing aftermarket business will provide us with a substantial stream of recurring revenue to buoy our results" (President, CEO & Director Capps). On strategic directio...

据知情人士透露，SpaceX美国IPO散户认购金额已经突破1000亿美元。（彭博）

Historically, a strong start to the year for the S&P 500 often leads to a strong second half of the year.

Key PointsSince 1990, when the S&P 500 is up at least 5% in the first five months of the year, it's been almost always positive in the second half.

The defence secretary was pressing the prime minister for a larger increase in defence spending than he was offered, the BBC understands.

President Donald Trump takes a question from a reporter before signing executive orders in the Oval Office at the White House on September 19, 2025 in Washington, DC. Andrew Harnik | Getty Images The Trump administration said Thursday it will appeal a federal judge's ruling striking down President Donald Trump's $100,000 fee on H-1B visa applications in its effort to hike the fee by tens of thousands of dollars. The Justice Department filed the notice three days after U.S. District Judge Leo Sorokin in Boston vacated the fee, ruling that Trump exceeded his authority by imposing what amounted to a tax without approval from Congress. The decision was a blow to Trump's effort to restrict the H-1B program which was created in 1990 and is heavily used by U.S. tech giants to bring in highly skilled workers from overseas. The program allows U.S. employers to seek government permission to hire nonimmigrant workers in specialty occupations for up to six years. Sorokin found that "the substance and application of the $100,000 payment reveal that it is a tax ," and said Congress had not delegated that power to the executive branch. Trump imposed the fee by proclamation last September, arguing the H-1B program was being abused and was replacing American workers. Before his proclamation, H-1B visa fees had ranged from $2,000 to $5,000 per application. Several companies, including Walmart , said that they would pause their participation in the H-1B program as a result of Trump's proclamation. The DOJ did not immediately respond to a request for comment. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

WhiteFiber, Inc. press release ( WYFI ): Q1 GAAP EPS of -$0.31. Revenue of $21.92M. More on WhiteFiber, Inc. WhiteFiber, Inc. (WYFI) Q1 2026 Earnings Call Transcript WhiteFiber: Look Past Q4 Noise For The $865M NC-1 Inflection Point WhiteFiber, Inc. (WYFI) Q4 2025 Earnings Call Transcript WhiteFiber secures $100M delayed-draw facility from Bit Digital Capital WhiteFiber secures $160M AI infrastructure deal in Paris region

If you are building a portfolio you intend to never touch again, Berkshire Hathaway (NYSE:BRK-B) warrants a central role, because it is engineered to compound capital across decades regardless of who is in the White House, what the Federal Reserve is doing, or which sector is in fashion. Pillar One: A Business Built to Outlast ... History Says This Unstoppable Cash Cow Is the Single Best “Set-It-and-Forget-It” Stock on the Planet

Investors often weigh the stability of established military contractors against the explosive potential of new space ventures. Choosing between Leonardo DRS (NASDAQ:DRS) and Firefly Aerospace (NASDAQ:FLY) requires balancing these distinct profiles to determine which stock is a better buy. Leonardo DRS focuses on advanced sensing and naval power systems for the military, offering steady cash flow from long-term contracts. In contrast, Firefly Aerospace is a younger firm aiming to disrupt the space launch market with rapid deployment capabilities. Both companies play critical roles in national security and technical innovation, but they present very different risk profiles for shareholders. Leonardo DRS operates as a technology-focused mid-tier provider in the defense stocks landscape. It specializes in mission-critical systems like infrared sensors and electric propulsion for the U.S. Navy and Army, which together provide roughly 72.0% of its revenue. Such heavy reliance on a single customer like the U.S. government, which accounts for nearly 80.0% of total sales, adds a layer of risk to the business. Continue reading

NVIDIA (NASDAQ:NVDA) just delivered the kind of quarter that should have sent shares to new highs. Revenue of $81.6 billion grew 85.2% year over year, Data Center clocked $75.2 billion at 92% growth, and Jensen Huang told investors “the buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.” ... Prediction: Nvidia Set to Hit $250 on This Date

Prediction: Nvidia Set to Hit $250 on This Date Yahoo Finance

Prediction: Nvidia Set to Hit $250 on This Date 24/7 Wall St.

Footage shows Elliot Sudal hauling the shark from the surf before releasing it within seconds, sparking online reaction An angler who reeled in a rare great white shark at a Nantucket beach said he posted extraordinary video of the encounter to social media as an example of how to safely catch and release one of the ocean’s greatest predators. Elliot Sudal said he was “testing the waters” off the Massachusetts beach he regularly uses when he inadvertently snagged the shark on Sunday. Continue reading...