The Senate Banking, Housing, and Urban Affairs Committee will vote on whether to advance the nomination of Kevin Warsh as the next Federal Reserve chairman on Wednesday, April 29. The executive session, which will take place at 10a ET on that day, was scheduled late on Friday. "No Republican claiming to care about Fed independence should support moving forward the nomination of Kevin Warsh, who pr...
The Senate Banking, Housing, and Urban Affairs Committee will vote on whether to advance the nomination of Kevin Warsh as the next Federal Reserve chairman on Wednesday, April 29. The executive session, which will take place at 10a ET on that day, was scheduled late on Friday. "No Republican claiming to care about Fed independence should support moving forward the nomination of Kevin Warsh, who proved in his nomination hearing to be nothing more than President Trump’s sock puppet," committee Ranking Member Elizabeth Warren (D-Mass.) said in a statement . Current Fed Chair Jerome Powell's term ends on May 15. More on the Federal Reserve Senate banking Democrats want more info from Warsh on his finances Warsh declares Fed policy independence as essential and urges Fed to stay in its lane Trump says he will fire Fed's Powell if he doesn't leave 'on time' Fed officials see higher risk in inflation and labor market, while the Iran war clouds outlook: FOMC minutes
When Unai Emery declared the “Premier League is the priority” despite a looming Europa League semi-final, he could not have envisaged the lifeless display his Aston Villa team would produce at Craven Cottage. Perhaps his players disagree with their manager’s preference for domestic affairs, or maybe the London spring sunshine proved too much of a distraction from footballing matters. Either way, V...
When Unai Emery declared the “Premier League is the priority” despite a looming Europa League semi-final, he could not have envisaged the lifeless display his Aston Villa team would produce at Craven Cottage. Perhaps his players disagree with their manager’s preference for domestic affairs, or maybe the London spring sunshine proved too much of a distraction from footballing matters. Either way, Villa departed Craven Cottage on Saturday lunchtime with an emptiness fully deserving of their minimal endeavours, having managed just one shot on target all match. Continue reading...
Football, bloody hell. We may never see the likes of it again after York City struck an equaliser in the 103rd minute to secure a dramatic return to the Football League at Rochdale’s expense. The hosts thought they had done it when Mani Dieseruvwe headed a 95th minute goal that would have sent Dale into League Two. A pitch invasion ensued and, after a lengthy delay, play restarted. But there was s...
Football, bloody hell. We may never see the likes of it again after York City struck an equaliser in the 103rd minute to secure a dramatic return to the Football League at Rochdale’s expense. The hosts thought they had done it when Mani Dieseruvwe headed a 95th minute goal that would have sent Dale into League Two. A pitch invasion ensued and, after a lengthy delay, play restarted. But there was still enough time for Josh Stones to bundle the ball over the line to secure the point York needed for glory. Continue reading...
In this article DE Follow your favorite stocks CREATE FREE ACCOUNT Ohio gubernatorial candidate Casey Putsch speaks with supporters at a campaign event in Toledo, Ohio, on Thursday, April 9, 2026. He is far behind in the polls, but Putsch is part of a nationwide message of economic populism and is promoting "right to repair" legislation. Sue Ogrocki | AP It used to be that if your iPhone or Galaxy...
In this article DE Follow your favorite stocks CREATE FREE ACCOUNT Ohio gubernatorial candidate Casey Putsch speaks with supporters at a campaign event in Toledo, Ohio, on Thursday, April 9, 2026. He is far behind in the polls, but Putsch is part of a nationwide message of economic populism and is promoting "right to repair" legislation. Sue Ogrocki | AP It used to be that if your iPhone or Galaxy was damaged, you were at the mercy of Apple or Samsung to get it fixed as manufacturers snowed customers with a blizzard of unattainable proprietary parts and software diagnostics. But that pain hasn't been limited to smartphones, and a legal movement challenging who controls the diagnostic and reprogramming tools for anything from phones to automobiles, dishwashers and farm equipment — all of which consumers say have become increasingly difficult to get repaired inexpensively — continues to gain political momentum across the country. The right-to-repair movement has done something seemingly impossible: brought Republicans and Democrats together, with the movement succeeding with a wave of state laws enacted in recent years and a new push in the U.S. House and Senate. Since right-to-repair electronics legislation was passed in 2022 in New York State, the tide has been turning. California, Colorado, Minnesota, Connecticut and Oregon have all passed comprehensive right-to-repair regulations. Washington joined them most recently in May 2025. As of this year, advocates are tracking 57 right-to-repair bills across 22 states. In Maine, the state senate just advanced a bill that would bring the right to repair to electronics in the state. Texas's new right-to-repair law kicks in on Sept. 1 and covers phones, laptops, and tablets, but excludes medical and farm equipment, and game consoles. And in Ohio, polls indicate that fringe GOP candidate Casey Putsch may have no shot against establishment candidate Vivek Ramaswamy in the gubernatorial primary, but his platform includes some p...
mohd izzuan S&P 500 earnings moved into high gear this week, with 91 companies across the financial, healthcare, and industrial sectors providing a vital barometer for the U.S. economy. Strong results, particularly in capital markets and AI-driven infrastructure, have set a high bar as the market prepares for a wave of mega-cap tech reports starting Monday. Earnings Roundup: Bottom Line: Out of th...
mohd izzuan S&P 500 earnings moved into high gear this week, with 91 companies across the financial, healthcare, and industrial sectors providing a vital barometer for the U.S. economy. Strong results, particularly in capital markets and AI-driven infrastructure, have set a high bar as the market prepares for a wave of mega-cap tech reports starting Monday. Earnings Roundup: Bottom Line: Out of the 91 companies reporting, 75 exceeded EPS expectations, 13 fell short, and three met estimates. Notably, 77 firms posted year-over-year earnings growth. Top Line: Performance remained robust on the revenue front, with 66 companies topping estimates while 24 missed. On a year-over-year basis, 80 of the 91 companies reported revenue expansion. Seeking Alpha (Seeking Alpha) Let’s take a look at some of the companies that reported earnings this week: GE Aerospace ( GE ): Delivered a double-beat ($ 11.6 B rev / $ 1.86 EPS) with 29% revenue growth; management maintained its 2026 guidance. Boeing ( BA ) exceeded Q1 2026 expectations with a smaller loss and higher revenue. The backlog hit $695 billion with 6,100 airplanes. Deliveries rose to 143, increasing revenue by 13% to $9.2 billion. The 737 program produces 42 aircraft monthly, with 737-7 and 737-10 certifications expected in 2026 and deliveries in 2027. Tesla ( TSLA ): Surpassed revenue and EPS expectations ($ 22.39 B / $ 0.41 ) fueled by energy storage; driven by a surge in services and FSD subscriptions; reaffirmed volume growth targets while raising 2026 capex guidance to over $25B. Intel ( INTC ): Posted a strong double-beat ($13.58B / $0.29) and issued upbeat Q2 revenue guidance of $14.3B, driven by AI server CPU demand. Blackstone ( BX ): Beat on both lines ($3.62B / $1.36) as AUM reached a record $1.3 trillion; signaled a bullish outlook for AI-linked data center infrastructure. 3M Co. ( MMM ): Beat on adjusted EPS ($2.14) despite flat $6.0B revenue; reiterated full-year 2026 guidance with an emphasis on margin expans...
S&P Global Vice Chairman Daniel Yergin warned that the Strait of Hormuz crisis represents “the biggest energy disruption we’ve ever seen,” despite oil prices not yet reaching the inflation-adjusted equivalent of previous highs. The impact extends far beyond oil, affecting global supplies of natural gas, fertilizer, helium, aluminum and petrochemicals, with Asia bearing the brunt as “80% of the oil...
S&P Global Vice Chairman Daniel Yergin warned that the Strait of Hormuz crisis represents “the biggest energy disruption we’ve ever seen,” despite oil prices not yet reaching the inflation-adjusted equivalent of previous highs. The impact extends far beyond oil, affecting global supplies of natural gas, fertilizer, helium, aluminum and petrochemicals, with Asia bearing the brunt as “80% of the oil, 90% of the LNG went to Asia,” Yergin said during an interview on Bloomberg This Weekend. While financial markets remain resilient, Yergin said this points to a stark “divergence” between markets and “the reality of people in Asia actually not having enough oil, shortages, rationing, businesses closing down, restaurants not operating because they don’t have energy.” The crisis has evolved into what Yergin described as a clash between two blockades – the US economic pressure on Iran versus Tehran’s ability to “wage war on the world economy.” Time is the critical factor as inventories are drawn down and “the longer this goes on, the more the risk on the upside grow,” he said. Yergin predicted the crisis would ultimately lead to “a bigger focus on energy security” among Gulf countries and accelerate the transition to electric vehicles, noting that “20% of the cars built in the world this year will be electric vehicles, and that’s gonna get a tick up from this, certainly.” Read more: The Hormuz Billion-Barrel Oil Shock Is About to Crash Demand This story was produced with the assistance of Bloomberg Automation.
(Bloomberg) -- Brazil’s Amazon teems with plant and animal life and is critical to the health of the planet as a storehouse of carbon dioxide. The nation also has the cleanest national grid among G20 countries, thanks to abundant hydropower, much of it originating in the Amazon.Most Read from BloombergGoogle Plans to Invest Up to $40 Billion in AnthropicUS Reduces Marijuana Restrictions in Lift to...
(Bloomberg) -- Brazil’s Amazon teems with plant and animal life and is critical to the health of the planet as a storehouse of carbon dioxide. The nation also has the cleanest national grid among G20 countries, thanks to abundant hydropower, much of it originating in the Amazon.Most Read from BloombergGoogle Plans to Invest Up to $40 Billion in AnthropicUS Reduces Marijuana Restrictions in Lift to Ailing IndustryInside Alex Cooper’s Unwell: Tears, Screaming and Employees Looking for the ExitMeta
In this article MTCH BMBL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 11:15 11:15 Why Americans are cutting back on dating Markets and Politics Digital Original Video For many young Americans, dating is becoming as much about finances as it is romance. Half of single Americans surveyed said they are going on fewer dates or choosing less expensive activities because of rising co...
In this article MTCH BMBL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 11:15 11:15 Why Americans are cutting back on dating Markets and Politics Digital Original Video For many young Americans, dating is becoming as much about finances as it is romance. Half of single Americans surveyed said they are going on fewer dates or choosing less expensive activities because of rising costs, according to BMO Financial Group's 2026 BMO Real Financial Progress Index . The bank polled 2,501 adults in late December through January. Not only that, but 48% of Gen Z adults and 40% of millennials surveyed said the high price of dating gets in the way of reaching their financial goals. A single date costs Gen Z adults $205 on average and millennials $252 on average, BMO found. Nearly half of singles, 47%, said dating just isn't worth the expense, according to the survey. It's just one affordability pressure among many these days. Consumers are grappling with higher costs for everyday essentials such as gas , groceries , housing and health insurance — reflecting a mix of factors including energy shocks tied to the ongoing war with Iran and President Donald Trump's tariff policies. "We're seeing that there is this increased cost of living, and it's lowering our dating frequency and how we're seeing or perceiving dating," Sabrina Romanoff, a clinical psychologist, told CNBC. "We're seeing people have fewer dinners out and there's a lower tolerance for higher-risk meetups." Costs make people date 'defensively' For Gen Z, the cost of dating can add up quickly. The typical Gen Z American went on about nine dates in the prior year, according to BMO's data. That puts their annual outlay at roughly $1,845. That tally encompasses the costs leading up to the date, including transportation and grooming, as well as what's actually spent during the date. Using Bureau of Labor Statistics data for full-time workers, that would amount to roughly 3% to 5% of median annual income for...
I knew things were not quite right when I had to throw a towel over a broken Ikea lamp to block out its light. How did I get here? I cover fancy and capable tech for a living, and yet, it took me two years to get rid of a pair of old, broken Ikea lamps in my bedroom. Then I got some floor lamps from Govee that changed everything. Those Ikea lamps were around for two years after I moved from Orange...
I knew things were not quite right when I had to throw a towel over a broken Ikea lamp to block out its light. How did I get here? I cover fancy and capable tech for a living, and yet, it took me two years to get rid of a pair of old, broken Ikea lamps in my bedroom. Then I got some floor lamps from Govee that changed everything. Those Ikea lamps were around for two years after I moved from Orange County to Los Angeles. Soon after that move, my mom's Parkinson's disease - a neurodegenerative condition with no cure - progressed quickly, my mental health took a hit, and most of my own to-do list quietly slid to the back burner as she lost mob … Read the full story at The Verge.
Getty Images In early December 2025, I wrote my last article about Alibaba Group Holding Limited ( BABA ) and as the stock has already declined 20% from its previous high, I argued that investors could take advantage of the recent setback. In the conclusion of my article I wrote: In my opinion, Alibaba remains one of the better investments for the long run. The company is investing heavily in AI a...
Getty Images In early December 2025, I wrote my last article about Alibaba Group Holding Limited ( BABA ) and as the stock has already declined 20% from its previous high, I argued that investors could take advantage of the recent setback. In the conclusion of my article I wrote: In my opinion, Alibaba remains one of the better investments for the long run. The company is investing heavily in AI and it is a very diversified business that might profit in several ways from the AI-revolution. And while Alibaba might be able to grow at a high pace (high single digits or even double digits) for several years, the stock is still trading for a more reasonable valuation multiple than several U.S. AI companies. Of course, this is not the best argument to make, but we should not ignore that Alibaba is still trading about 50% below its all-time high – indicating at least that sentiment was once a lot more bullish. And I see the previous all-time high certainly as a reasonable target within the next one to three years as Alibaba should be able to grow the stock price at a high pace and certainly outperform the market. However, the stock continued to decline further and dropped below $120 in early April, which resulted in a 37% decline from its previous high. In the last few days, the stock jumped – in line with many other stocks around the world, raising the question whether Alibaba found its bottom. Data by YCharts In the following article, I will argue once again that Alibaba is continuing to trade below its intrinsic value and remains a good long-term investment in my opinion. We will look at the company’s core business (the consumption business), which will also contribute to growth, but not as much as the cloud and AI business, which is currently responsible for a huge part of growth. Finally, we are looking at T-Head, the semiconductor business of Alibaba. Quarterly Results We start by looking at third quarter results, which were reported on March 19, 2026 and were rather...
Key PointsNvidia's dominance stems not just from superior chip hardware, but also from its CUDA software platform -- a 20-year investment that creates powerful developer lock-in and makes switching to competitors costly and complex.
Key PointsNvidia's dominance stems not just from superior chip hardware, but also from its CUDA software platform -- a 20-year investment that creates powerful developer lock-in and makes switching to competitors costly and complex.
felixmizioznikov/iStock Editorial via Getty Images Introduction Equity LifeStyle Properties ( ELS ) owns and operates a portfolio of manufactured home (“MH”) communities, recreational vehicle (“RV”) resorts, campgrounds, and marinas in North America. While I have written about other residential REITs previously, most recently on UMH Properties ( UMH ) last month, this will be my first time coverin...
felixmizioznikov/iStock Editorial via Getty Images Introduction Equity LifeStyle Properties ( ELS ) owns and operates a portfolio of manufactured home (“MH”) communities, recreational vehicle (“RV”) resorts, campgrounds, and marinas in North America. While I have written about other residential REITs previously, most recently on UMH Properties ( UMH ) last month, this will be my first time covering Equity LifeStyle Properties. The company recently released its Q1 2026 earnings , so I figure now would be a good time to evaluate the company. Business Model As of 31 March 2026, Equity LifeStyle Properties owns or holds an interest in 453 properties across 35 states and British Columbia, comprising around 173,400 total sites. Its portfolio spans MH communities (75,700 sites), RV resorts (34,600 annual, 9,800 seasonal, and 20,500 transient sites), marina slips (6,900 sites), and membership campground sites (26,000 sites). The company’s business model is built around land ownership. The company owns the land and leases the developed sites to customers either on a long-term or short-term basis, which creates predictable annual revenue streams. Approximately 91% of revenue comes from stable, annual sources, insulating the company from economic volatility. ELS Feb. '26 Investor Presentation Q1 2026 Performance Equity LifeStyle Properties reported Normalized Funds From Operations (FFO) of $0.84/share, in line with the midpoint of prior guidance of $0.81/share to $0.87/share. Total revenues rose by 2.7% compared to the same period last year, from $387.3 million to $397.6 million. The MH segment, which is also the company’s biggest segment, was the standout performer, with base rental income increasing by 5.7% to $195.1 million. This increase was largely driven by an increase in the monthly base average rent per site from $895 to $948, a 5.9% increase. Overall, the company saw a 3.7% increase in property operating revenues. On the cost side, core property operating expenses ros...
Germany's Debt Spiral Warning Ignored As Berlin Doubles Down On Spending Submitted by Thomas Kolbe Finance Minister Lars Klingbeil is a sensitive character. Such personalities tend to react irrationally and extremely defensively to criticism. They are prone to resentment and quick retaliatory reflexes. So it was only a matter of time before the Federal Court of Auditors, too, felt the cold anger o...
Germany's Debt Spiral Warning Ignored As Berlin Doubles Down On Spending Submitted by Thomas Kolbe Finance Minister Lars Klingbeil is a sensitive character. Such personalities tend to react irrationally and extremely defensively to criticism. They are prone to resentment and quick retaliatory reflexes. So it was only a matter of time before the Federal Court of Auditors, too, felt the cold anger of the thin-skinned Social Democrat. Late last year, criticism from the auditors was promptly followed by a budget cut imposed by the Finance Ministry. The move was meant as a public warning shot across the bow of the recalcitrant watchdog, which traditionally plays the role of post-mortem critic. This comes with the unpleasant habit of describing the state of public finances as they actually are — not as Berlin prefers to imagine them. The Court’s budget was subsequently reduced from €52 million to €47 million, officially on efficiency grounds. What Klingbeil failed to achieve, however, was to silence the auditors entirely. It has become a bad tradition: as in every year, the Court again warned of an ever-accelerating debt spiral and a fiscal policy that appears to have lost all restraint. The state is living beyond its means, said President Kay Scheller. On the contrary, one might reply: this state is living beyond our means. The current draft budget foresees total spending of €630 billion, with nearly every third euro financed through borrowing. By 2029, another €850 billion in new debt is planned — pushing visible public debt to €2.7 trillion, or roughly 67% of GDP. Unfortunately, the Court’s analysis of debt dynamics remains superficial. In its assessment, however, it aligns with recent criticism from the Ifo Institute. Both institutions criticize how the state handles new debt. We know from Ifo analysis that roughly 95% of the funds from special off-budget vehicles have been diverted to cover deficits across various layers of the welfare state. Germany is not investing...
An attack by “unknown armed terrorists” has been carried out on military barracks and other targets in the capital Bamako, the military in Mali reported on Saturday. Attacks had also occurred in other locations in the country, the general staff reported. Fighting was ongoing, a brief statement said. Witnesses reported intense fighting in a town near the capital where junta leader General Assimi Go...
An attack by “unknown armed terrorists” has been carried out on military barracks and other targets in the capital Bamako, the military in Mali reported on Saturday. Attacks had also occurred in other locations in the country, the general staff reported. Fighting was ongoing, a brief statement said. Witnesses reported intense fighting in a town near the capital where junta leader General Assimi Goita lives, and in other key cities. Mali, a landlocked West African country, has been ruled by a...