Mark Pougatch acknowledged the controversies surrounding the tournament, while capturing the excitement of football fans Don’t mention the war. Mark Pougatch mentioned it, right at the start of ITV’s World Cup coverage, but I think he got away with it. He also, to his credit, highlighted the outrageous ticket prices , as well as the disgraceful treatment of the teams, fans and officials who now fi...
Mark Pougatch acknowledged the controversies surrounding the tournament, while capturing the excitement of football fans Don’t mention the war. Mark Pougatch mentioned it, right at the start of ITV’s World Cup coverage, but I think he got away with it. He also, to his credit, highlighted the outrageous ticket prices , as well as the disgraceful treatment of the teams, fans and officials who now find themselves persona non grata in America. Even Donald J Trump, the first (and quite possibly last) holder of the Fifa Peace Prize , got a mention. Pougatch also gave a visibly emotional Ian Wright the chance to suggest that the US has “no idea of the spirit of the game”. All unexpectedly and encouragingly feisty. Of course, it was no Gary Lineker, railing against the hosts’ human rights record while launching the BBC’s coverage of Qatar 2022. But Lineker is a corporation ghost now – no longer at the Beeb but podcasting for Netflix . The BBC have, on the grounds of cost, opted to present this World Cup from an austerity bunker in Salford . The Telegraph derided this as a “work from home” operation. ITV are already having some fun with it too. Continue reading...
Trump Nominates US Attorney Jay Clayton As Director Of National Intelligence Authored by Jack Phillips via The Epoch Times, President Donald Trump on Thursday said he is nominating Jay Clayton, the U.S. Attorney for the Southern District of New York, to be his director of national intelligence. The move comes weeks after former intelligence chief Tulsi Gabbard said she is stepping down from the ro...
Trump Nominates US Attorney Jay Clayton As Director Of National Intelligence Authored by Jack Phillips via The Epoch Times, President Donald Trump on Thursday said he is nominating Jay Clayton, the U.S. Attorney for the Southern District of New York, to be his director of national intelligence. The move comes weeks after former intelligence chief Tulsi Gabbard said she is stepping down from the role. Trump, in announcing the decision on Truth Social, wrote that “few people anywhere” in the legal community have as much respect as Clayton, the former head of the Securities and Exchange Commission (SEC), whom the president also described as “highly respected.” “I encourage the United States Senate to confirm Jay as soon as possible,” he wrote in the post. Last month, Gabbard announced she was stepping down as the head of the Office of the Director of National Intelligence (ODNI) because her husband was diagnosed with a rare form of cancer. Federal Housing Finance Agency Director Bill Pulte was named by Trump to serve as acting director in a move that drew pushback from Democratic and some Republican lawmakers. Pulte will serve as the acting U.S. intelligence chief and would take over from Gabbard later in June, Trump said on Tuesday. Last week, the president told the Wall Street Journal that he would encourage Pulte to downsize parts of the intelligence office, which oversees 18 federal agencies and units. “I’d like to see it smaller. I think there are a lot of people in there that shouldn’t be there,” Trump said on June 5, adding that Pulte has broader latitude to make significant changes due to his being the acting head of the ODNI. “You’re less shackled,” he said. “It sort of gives you more power, you know, for a somewhat limited period of time.” Going further, Trump suggested that the ODNI could even be “terminated” in its entirety, noting that a similar downsizing process was undertaken at the Department of Education. “We’ve made the Department of Education much s...
John M. Chase/iStock Unreleased via Getty Images SpaceX IPO This week I will be analyzing Space Exploration Technologies Corp., aka SpaceX ( SPCX ), which is going public on Friday, June 12th, at an expected opening IPO price of $135 per share, which would give the IPO an implied valuation of $1.75 trillion. The final pricing will be locked in tonight, and the stock will begin open-market trading ...
John M. Chase/iStock Unreleased via Getty Images SpaceX IPO This week I will be analyzing Space Exploration Technologies Corp., aka SpaceX ( SPCX ), which is going public on Friday, June 12th, at an expected opening IPO price of $135 per share, which would give the IPO an implied valuation of $1.75 trillion. The final pricing will be locked in tonight, and the stock will begin open-market trading tomorrow morning. I would say that 99.9% of those who will rush in and buy shares in the IPO will do zero analysis and just buy so they can say that they did so. The company’s S-1 filing came out ahead of its scheduled public debut, meaning that SpaceX’s consolidated financials have been made public for the first time. The numbers show an organization leaning heavily on its satellite Internet division to fund aggressive capital expenditures in rocket development and massive artificial intelligence infrastructure. The core financial metrics reveal a sharp contrast between strong operational growth and massive bottom-line GAAP losses driven by capital-intensive investments. SpaceX Vs. Apple Consolidated Financial Performance (Full-Year 2025) showed Total Revenue of $18.67 billion (up 33% year-over-year from $14.1 billion in 2024), which is healthy, but when you do the actual math of what people are actually paying for, you are getting IPO Price to Revenue per share of 94 times! On a relative basis, our Apple ( AAPL ) shares are currently trading at 9.5 times their price to revenue per share, and that is only because Apple is insanely profitable and generates amazing free cash flow every year to justify the result. Apple, for example, produced a GAAP net profit of $122.58 billion last year, while SpaceX reported a GAAP net loss of $-4.94 billion . From a free cash flow performance point of view, SpaceX reported negative $-13.8 billion in free cash flow, which is based on $18.67 in revenue, reflecting heavy capital expenditure. For every dollar of revenue SpaceX generated, it l...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are PIMCO Managing Director & Global Economic Advisor Richard Clarida, Gabelli Funds Portfolio Manager John Belton, ServiceNow President of Global Customer Operations Paul Fipps, J.P. Morgan Private Bank Head of Alternative Invest...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are PIMCO Managing Director & Global Economic Advisor Richard Clarida, Gabelli Funds Portfolio Manager John Belton, ServiceNow President of Global Customer Operations Paul Fipps, J.P. Morgan Private Bank Head of Alternative Investment Strategy Sitara Sundar, SoFi Chief Market Strategist Liz Thomas, D.A. Davison Technology Research Head Gil Luria, Wedbush Securities Technology Research Global Head Dan Ives, ValueEdge Advisors Chair Nell Minow, & FTSE Russell Director of Product Management Catherine Yoshimoto. (Source: Bloomberg)
Oracle (NYSE: ORCL) shares are selling off. The database giant reported results for its fiscal fourth quarter of 2026 (the period ended May 31, 2026) Wednesday afternoon. The stock fell as much as 11% in early trading Thursday and finished the trading day down about 8.5%. The quarter itself wasn't weak. Revenue rose 21% year over year to $19.2 billion, with cloud revenue jumping 47% to $9.9 billio...
Oracle (NYSE: ORCL) shares are selling off. The database giant reported results for its fiscal fourth quarter of 2026 (the period ended May 31, 2026) Wednesday afternoon. The stock fell as much as 11% in early trading Thursday and finished the trading day down about 8.5%. The quarter itself wasn't weak. Revenue rose 21% year over year to $19.2 billion, with cloud revenue jumping 47% to $9.9 billion. And remaining performance obligations (contracted revenue the company hasn't yet delivered) ballooned to $638 billion -- up $85 billion in just three months. Instead, investors seem focused on the bill. Oracle's capital expenditures hit $55.7 billion in fiscal 2026 -- above the $50 billion management forecast in March -- and free cash flow came in at negative $23.7 billion. Further, spending is set to climb again in fiscal 2027, with management guiding for a net cash outlay of about $70 billion after customer prepayments. And Oracle plans to raise about $40 billion in new debt and equity. Continue reading
Nvidia has hired veteran lobbyist Bruce Andrews to head government affairs in Washington, D.C., two sources briefed on the matter said on Thursday. Andrews served as chipmaking rival Intel's government affairs chief under former CEO Pat Gelsinger. During the Obama administration, Andrews was a Commerce Department official.
Nvidia has hired veteran lobbyist Bruce Andrews to head government affairs in Washington, D.C., two sources briefed on the matter said on Thursday. Andrews served as chipmaking rival Intel's government affairs chief under former CEO Pat Gelsinger. During the Obama administration, Andrews was a Commerce Department official.
Michael Vi/iStock Editorial via Getty Images US Foods ( USFD ) secured a maximum ~$167M firm-fixed-price contract with an economic price adjustment for full-line food and beverage supply. It is a 329-day bridge contract with no option periods, with the ordering period running until May 8, 2027. The contract will be funded through FY2026–FY2027 Defense Working Capital Funds. The contracting activit...
Michael Vi/iStock Editorial via Getty Images US Foods ( USFD ) secured a maximum ~$167M firm-fixed-price contract with an economic price adjustment for full-line food and beverage supply. It is a 329-day bridge contract with no option periods, with the ordering period running until May 8, 2027. The contract will be funded through FY2026–FY2027 Defense Working Capital Funds. The contracting activity is Defense Logistics Agency Troop Support. More on US Foods US Foods Holding Corp. (USFD) Presents at 23rd annual dbAccess Global Consumer Conference Transcript US Foods Holding Corp. 2026 Q1 - Results - Earnings Call Presentation US Foods Holding Corp. (USFD) Q1 2026 Earnings Call Transcript US Foods reaffirms 2026 outlook for 9%-13% adjusted EBITDA growth amid elevated fuel costs US Foods Non-GAAP EPS of $0.78 misses by $0.03, revenue of $9.6B misses by $60M
Super Micro Computer (NASDAQ:SMCI), a developer of server and storage solutions based on modular and open-standard architecture, closed at $31.97, up 9.22%. The stock rose as investors evaluated the company’s $7 billion equity and equity-linked financing plan for its large but ca
Super Micro Computer (NASDAQ:SMCI), a developer of server and storage solutions based on modular and open-standard architecture, closed at $31.97, up 9.22%. The stock rose as investors evaluated the company’s $7 billion equity and equity-linked financing plan for its large but ca
Nasdaq's third annual Global Retail Executive Forum brought together executives from across the global retail brokerage industry, nearly half from Asia, for two days of panels, working sessions, and the kind of closed-door conversations that don't happen regularly.
Nasdaq's third annual Global Retail Executive Forum brought together executives from across the global retail brokerage industry, nearly half from Asia, for two days of panels, working sessions, and the kind of closed-door conversations that don't happen regularly.
Uber Technologies (NYSE: UBER) has become a dominant ride-hailing and delivery platform. However, its shares have disappointed investors. They're down 14% in 2026 (as of June 10), while trading 30% below their peak. It's worth taking a closer look. Uber trades at a price-to-earnings multiple (P/E) of just 17.5, which is much cheaper than the overall market. But if you're new to this growth stock i...
Uber Technologies (NYSE: UBER) has become a dominant ride-hailing and delivery platform. However, its shares have disappointed investors. They're down 14% in 2026 (as of June 10), while trading 30% below their peak. It's worth taking a closer look. Uber trades at a price-to-earnings multiple (P/E) of just 17.5, which is much cheaper than the overall market. But if you're new to this growth stock in 2026, it's important to understand a key variable driving the company's success. Image source: Getty Images. Continue reading