ATHENS, Greece, May 26, 2026 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income of $10.2 million for the first quarter of 2026, compared to a net income of $29.4 million for the same period in 2025. Earnings per share, basic and diluted, for the first quarter of 2...
ATHENS, Greece, May 26, 2026 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income of $10.2 million for the first quarter of 2026, compared to a net income of $29.4 million for the same period in 2025. Earnings per share, basic and diluted, for the first quarter of 2026 were $0.79 and $0.26, respectively. The net income for the first quarter of 2025 included a gain of $19.5 million resulting from the sale of the vessel P. Yanbu. Revenue was $33.8 million ($31.8 million net of voyage expenses) for the first quarter of 2026, compared to $21.3 million ($19.2 million net of voyage expenses) for the same period in 2025. This increase was mainly attributable to the increase in ownership days following the delivery of the newbuilding vessels P. Massport, P. Tokyo and P. Marseille in July 2025, September 2025, and January 2026, respectively, and also of the secondhand Suezmax vessels P. Bel Air and P. Beverly Hills in December 2025, partly offset by the sale of the P. Yanbu in March 2025. Fleetwide, the average TCE rate for the first quarter of 2026 was $32,520, compared with an average rate of $30,843 for the same period in 2025. During the first quarter of 2026, net cash provided by operating activities was $23.0 million, compared with net cash provided by operating activities of $15.5 million for the first quarter of 2025. Commenting on the results of the first quarter of 2026, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated: “The Company had a strong start to 2026, generating revenues of $33.8 million and net income of $10.2 million during the first quarter. Revenue increased by 59% period-over-period, driven by the expansion in the average fleet to approximately eleven high-specification tankers from seven vessels in the prior-year period, reflecting a more modern fleet profile and enhanced earnings capacity. The aver...
Ireland’s cabinet agreed to put a bill to parliament that proposes a ban on the trade of goods with Israeli settlements in the occupied Palestinian territory. The Irish government has been one of the most outspoken states in the European Union on the Gaza conflict. In May 2024, Ireland was among a group of countries to recognize a Palestinian state and has tried to work with countries like Spain t...
Ireland’s cabinet agreed to put a bill to parliament that proposes a ban on the trade of goods with Israeli settlements in the occupied Palestinian territory. The Irish government has been one of the most outspoken states in the European Union on the Gaza conflict. In May 2024, Ireland was among a group of countries to recognize a Palestinian state and has tried to work with countries like Spain to raise the issue at EU level. The Israeli Settlements bill, if passed, would prohibit the import of goods from Israeli settlements in the occupied Palestinian territory. Its not clear what goods will be included in the legislation, although the government previously suggested it would exclude services. Despite domestic support for a bill, Ireland’s stance on the conflict is considered problematic by some of its allies, including the US. In a letter last year, a group of members of the US Congress raising concerns with Prime Minister Micheal Martin over the proposed ban. Several major US companies, like Apple Inc. and Eli Lilly & Co , have international bases in the small European country. Martin told reporters Tuesday that including services in the bill was “not implementable” and that it could damage Ireland given the “potential impacts on US multinationals based here back in America.” The Israeli Foreign Ministry did not immediately respond to a request for comment. While the government is moving ahead nationally, its preference is for collective EU-wide action, Foreign Minister Helen McEntee said in a statement Tuesday. Goods impacted would mostly be agricultural such as dates, citrus fruits, wine and olives along with a few other products such as textiles and cosmetics. Diplomatic relations between Ireland and Israel reached a low point when the Israeli government closed its Dublin embassy in 2024 over Ireland’s stance on the conflict. “I will seek to enact the Bill before the summer recess,” McEntee said.
alexsl Shares of BridgeBio Pharma ( BBIO ) slipped in the premarket on Tuesday after Raymond James downgraded the stock, citing the impact from the loss of exclusivity for Pfizer’s ( PFE ) heart drug Vyndamax, which rivals the company’s lead asset, Attruby. Raymond James downgraded BridgeBio ( BBIO ) to Market Perform from Outperform, arguing that the stock is unlikely to sustain upside amid incre...
alexsl Shares of BridgeBio Pharma ( BBIO ) slipped in the premarket on Tuesday after Raymond James downgraded the stock, citing the impact from the loss of exclusivity for Pfizer’s ( PFE ) heart drug Vyndamax, which rivals the company’s lead asset, Attruby. Raymond James downgraded BridgeBio ( BBIO ) to Market Perform from Outperform, arguing that the stock is unlikely to sustain upside amid increasing payor-driven risks attributed to Vyndamax LOE, even as the company diversified its revenue with multiple launches. Stabilizers of a carrier protein known as transthyretin, Attruby and Vyndamax, are indicated in the U.S. for the treatment of adults with a rare heart disorder called transthyretin amyloid cardiomyopathy (ATTR-CM). “We predict that new patient starts will become difficult beyond 2031 as we see Vyndamax generic use likely to be positioned ahead of Attruby, independent of clinician preference," analyst Martin Auster added as he removed his $89 price target on the stock. While projecting an increasingly formulary-driven market for ATTR-CM therapies over time, Auster expects formulary pressures to impact TTR stabilizers more as Vyndamax LoE nears in 2031 and beyond. “Although BBIO has effectively developed a differentiated clinical profile for Attruby among some prescribers, ongoing practices and our payer discussions suggest substantial efforts are likely to be incorporated to encourage use of the lowest-cost options,” Auster wrote. More on Pfizer, BridgeBio Pharma Pfizer: Reduced TrumpRx/Patent Risks Meet Accretive M&A Efforts - Reiterate Buy FQ1 Healthcare Dividend Roundup: Johnson & Johnson Keeps Outshining Pfizer Why Pfizer Stock Still Looks Deeply Undervalued In 2026 Pfizer begins late-stage trial for new pneumococcal shot in infants after strong Phase 2 data HHS rescinds vaccine panel charter citing 'administrative error'
Nine tech stocks are powering the enthusiasm for corporate earnings this year. The analysis: Upward earnings revisions for the tech sector this year have mostly come from memory chip names in Sandisk (SNDK), Micron (MU), Lumentum Holdings (LITE), Intel (INTC), Western Digital (WDC), and Seagate Technology (STX), according to new research from Evercore ISI strategist Julian Emanuel. These six names...
Nine tech stocks are powering the enthusiasm for corporate earnings this year. The analysis: Upward earnings revisions for the tech sector this year have mostly come from memory chip names in Sandisk (SNDK), Micron (MU), Lumentum Holdings (LITE), Intel (INTC), Western Digital (WDC), and Seagate Technology (STX), according to new research from Evercore ISI strategist Julian Emanuel. These six names have seen analyst earnings estimates increase by 50% or more for 2026. The bullish profit vibe is also evident in the consumer discretionary sector. Amazon’s (AMZN) earnings estimates have been revised higher by 10% year to date, the third-highest in its sector. However, more than 50% of the discretionary names in the sector have seen downward estimate revisions to their 2026 numbers since the start of the year. Alphabet (GOOG, GOOGL) and Meta’s (META) latest earnings reports have fueled 25% and 10% upward 2026 EPS revisions, respectively, since the start of the year. AI’s impact on profit estimates: Wall Street’s earnings optimism is clearly running hot on AI, which makes sense. The five hyperscalers alone — Alphabet, Amazon, Meta, Microsoft (MSFT), and Oracle (ORCL) — are expected to unleash $520 billion in AI capital expenditures in 2026, a roughly 30% jump from the prior year. This kind of spending doesn’t happen without a serious conviction that the returns on investment are coming. Morgan Stanley’s research team recently noted that 21% of S&P 500 (^GSPC) companies are now flagging concrete AI benefits on earnings calls — up from just 10% in 2024. This signals AI is moving fast from hype to tangible margin benefits. Companies applying AI broadly to their products and customer experience are banking profit margins that are nearly 4 percentage points higher than non-adopters, per PwC. That gap is only going to widen as the technology matures. With $2.9 trillion in global data center construction expected through 2028, the Street has every reason to keep lifting its prof...
The long-term money continues to hate software stocks, even at far cheaper valuations. That says a lot. By the numbers: Mutual funds have entered the second quarter carrying their lowest exposure to software stocks since at least 2012, according to new research from Goldman Sachs. Excluding the megacaps, the mutual fund tilt in semiconductors versus software stocks is the largest since 2012. Simil...
The long-term money continues to hate software stocks, even at far cheaper valuations. That says a lot. By the numbers: Mutual funds have entered the second quarter carrying their lowest exposure to software stocks since at least 2012, according to new research from Goldman Sachs. Excluding the megacaps, the mutual fund tilt in semiconductors versus software stocks is the largest since 2012. Similarly, hedge funds entered the quarter with software registering its smallest weight in the hedge fund long portfolio since 2019, while the weight of semis is at a record high. Within semis, hedge funds have added to positions in Lam Research (LRCX), Applied Materials (AMAT), and ASML (ASML), while mutual funds have added to Intel (INTC) and SiTime (SITM). Why software stocks remain out of favor: The S&P Software & Services Index (XSW) is down 12% year to date. Names like Salesforce (CRM), Adobe (ADBE), and ServiceNow (NOW) have each shed 25% to 30% of their value — a gut-punch for investors who piled into these former Wall Street darlings in recent years. The concern driving the sell-off is straightforward: Wall Street is terrified that artificial intelligence is on the verge of making traditional enterprise software obsolete. When fear like this grips the market, it doesn't discriminate — software stocks of all kinds are being sold indiscriminately. Making matters worse, revenue growth for software firms genuinely slowed through 2025, as enterprise clients began delaying purchases, essentially taking a wait-and-see approach to figure out whether AI tools could do the job their expensive SaaS subscriptions once handled. The valuation hangover is real too: Between 2016 and 2025, the S&P Software & Service Index soared from under 4,000 to over 17,000, which means even after this year's wipeout, these stocks still have room to reprice further if AI disruption fears deepen. Keep an eye on Salesforce earnings on Wednesday to get a sense of AI disruption fears. The bottom line: T...
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) CEO Jensen Huang has placed China inside the company's latest $200 billion AI computing forecast, signaling that one of the world's largest chip markets remains part of Nvidia's long-term CPU opportunity even as U.S.-China trade tensions continue to hang over the business. During Nvidia's earnings call this week, Huang forecast a $200 ...
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) CEO Jensen Huang has placed China inside the company's latest $200 billion AI computing forecast, signaling that one of the world's largest chip markets remains part of Nvidia's long-term CPU opportunity even as U.S.-China trade tensions continue to hang over the business. During Nvidia's earnings call this week, Huang forecast a $200 billion total addressable market for Vera, the company's new central processing units. Asked after arriving at Taipei's Songshan airport whether that forecast includes China, Huang said, I would think so. That detail matters for investors because Nvidia's AI story is moving beyond GPUs alone. As companies lean into agentic AI systems designed for autonomous decision-making, CPUs are becoming another critical layer of the computing stack. That could make Vera an important part of Nvidia's next growth narrative, especially if China demand remains part of the company's market assumptions despite regulatory friction and Beijing's push to support domestic chipmakers. The bigger question is whether Nvidia can actually serve that market at scale. Huang said the H200 has been licensed to ship to China, but Nvidia has not yet received approval from Chinese officials to sell the chip there. He said it would be terrific to serve the market, calling China very important and very large. For investors, the message is direct but still cautious: China could possibly remain a major piece of Nvidia's $200 billion Vera opportunity, but approval risks may still shape how quickly that demand can convert into sales.
This article first appeared on GuruFocus. SpaceX appears set to test one of Wall Street's biggest investor questions: whether Elon Musk's loyal shareholder base could once again look past heavy losses, governance risks and related-party transactions in pursuit of a much larger growth story. The IPO filing leans directly into Musk's long-running vision of making humanity multiplanetary, framing spa...
This article first appeared on GuruFocus. SpaceX appears set to test one of Wall Street's biggest investor questions: whether Elon Musk's loyal shareholder base could once again look past heavy losses, governance risks and related-party transactions in pursuit of a much larger growth story. The IPO filing leans directly into Musk's long-running vision of making humanity multiplanetary, framing space as possibly the largest economic opportunity in human history, with a potential addressable market estimated at roughly $28.5 trillion. Financially, the picture is more complicated: SpaceX and affiliated businesses reportedly generated about $19 billion in revenue last year while posting losses approaching $5 billion. The governance trade-off is just as important for investors. The filing reportedly discloses more than $1 billion in transactions involving Musk-controlled companies, including SpaceX's purchase of $131 million worth of Tesla (NASDAQ:TSLA) Cybertrucks. Through supervoting shares, Musk is expected to retain roughly 85% of SpaceX's voting power, giving him far greater authority than he currently has at Tesla and making SpaceX a controlled company under Nasdaq rules. The filing warns that shareholders will not have the same protections available at companies subject to standard governance requirements. Still, the deal could become another test of the Musk premium. SpaceX reportedly plans to allocate roughly 30% of shares to retail investors, a strategy that could tap the same grassroots shareholder culture that helped define Tesla's public-market story. For many investors, the appeal may be less about near-term profitability and more about whether Musk can once again turn a capital-intensive, futuristic business into a company capable of creating major long-term wealth.
This article first appeared on GuruFocus. Huawei's chip ambitions could be entering a more important phase for investors. The company said it has developed a new path that could shorten the gap with Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), potentially giving China a way to make advanced semiconductors without the most cutting-edge equipment. Huawei's semiconductor chief He Tingbo said on...
This article first appeared on GuruFocus. Huawei's chip ambitions could be entering a more important phase for investors. The company said it has developed a new path that could shorten the gap with Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), potentially giving China a way to make advanced semiconductors without the most cutting-edge equipment. Huawei's semiconductor chief He Tingbo said on Monday that Huawei plans to start making 1.4-nanometer chips by 2031 using its own LogicFolding technology. That compares with TSMC's previously stated plan to begin mass production of 1.4nm chips in 2028, leaving Huawei and its manufacturing partner Semiconductor Manufacturing International Corp. roughly five years behind the industry leader today. The bigger issue is whether Huawei can turn that roadmap into large-scale production. If it can produce 1.4nm chips in meaningful quantities, it could possibly challenge the industry view that ASML Holding NV's extreme ultraviolet lithography machines are needed to mass-produce chips at 5nm or more advanced. That matters because smaller transistors allow more of them to fit on a chip, making the chip more powerful. These advanced semiconductors are also central to the most sophisticated AI technologies, which is why the equipment gap has become such a major pressure point in the global chip race. For investors, Huawei's roadmap adds another layer to China's semiconductor self-sufficiency push. The Shenzhen-based company has become one of Beijing's key players after years of US-led export restrictions on advanced chips and chipmaking equipment somewhat curbed China's AI progress. Huawei also announced in September a three-year roadmap for AI chips aimed at filling the vacuum left by Nvidia (NASDAQ:NVDA), whose most advanced semiconductors are banned for China. The core question now is not just whether Huawei can design a workaround, but whether it can scale one.
Jonathan Kitchen The recent wave of excitement around AI agents like Anthropic’s ( ANTHRO ) Claude Code and OpenAI’s ( OPENAI ) Codex has yet to produce a clear uptick in overall workplace AI adoption, according to JPMorgan economist Michael Feroli. While agent-related engagement appears to have climbed sharply, broader surveys of households and businesses continue to show only gradual, steady upt...
Jonathan Kitchen The recent wave of excitement around AI agents like Anthropic’s ( ANTHRO ) Claude Code and OpenAI’s ( OPENAI ) Codex has yet to produce a clear uptick in overall workplace AI adoption, according to JPMorgan economist Michael Feroli. While agent-related engagement appears to have climbed sharply, broader surveys of households and businesses continue to show only gradual, steady uptake rather than a dramatic usage surge. JPMorgan interprets this as evidence that users are migrating toward more powerful, compute-intensive models—and that AI adoption is becoming increasingly unequal across workers and firms rather than spreading universally. Feroli pointed out that just 12.6% of respondents in the Real-Time Population Survey reported daily AI use last week, up only 2 percentage points from a year ago. Self-reported cumulative productivity gains edged up to 2.2% from 1.6%, suggesting a modest 50-60 basis point boost to labor productivity over the past year. Neil Sethi More on Global X Artificial Intelligence & Technology ETF, Amplify AI Powered Equity ETF Markets Are Not Ready For What Happens Next The AI Arms Race: Running On Fumes And Borrowed Money Magnificent Earnings May Not Last AI hyperscalers hold less net debt than broader S&P 500 SEC delays plan providing crypto firms exemptions to trade tokenized versions of stocks
Alistair Berg/DigitalVision via Getty Images nThe Vanguard International High Dividend Yield ETF ( VYMI ) is exactly what it says on the tin: an international high dividend yield index ETF. VYMI's diversified international equity exposure, cheap valuation, above-average 3.4% yield, and strong momentum, make the fund a buy. In my opinion, the fund should be of particular interest to long-term incom...
Alistair Berg/DigitalVision via Getty Images nThe Vanguard International High Dividend Yield ETF ( VYMI ) is exactly what it says on the tin: an international high dividend yield index ETF. VYMI's diversified international equity exposure, cheap valuation, above-average 3.4% yield, and strong momentum, make the fund a buy. In my opinion, the fund should be of particular interest to long-term income investors, as well as those looking for international equity exposure. VYMI - Overview and Investment Thesis VYMI's investment thesis is simple, and rests on the fund's: Diversified international equity portfolio , with exposure to dozens of countries and sectors Cheap valuation , with the fund trading with a 40% discount to the S&P 500 on an earnings basis Above-average 3.4% dividend yield , with a strong, consistent dividend growth track-record as well Let's have a closer look at each of these points. Diversified International Equity Portfolio VYMI tracks the FTSE All-World ex US High Dividend Yield Index , a broad-based index of international higher-yield equities. Said index includes the highest-yielding international equities in the market, starting from the top, and stopping when their cumulative market capitalization reaches 50% of the total market cap of applicable stocks. As is the case for most indexes, applicable stocks must also meet a basic set of inclusion criteria. VYMI's underlying index is quite broad, which results in an incredibly well-diversified ETF, with invests in almost 1,600 different securities, and with exposure to dozens of countries and most sectors. Looking at country exposures, the fund focuses on developed markets, including Japan, the UK, and Canada. China and Taiwan account for around 10% of its portfolio, of particular importance considering the possibility of a Chinese invasion of Taiwan. VYMI VYMI provides exposure to most relevant sectors, with a massive overweight financials position, due to the great number of publicly traded banks ...
peterschreiber.media/iStock via Getty Images ASP Isotopes ( ASPI ) up 12.3% pre-market Tuesday after saying it successfully restarted the first 18 stages, comprising segments 1 and 2, of its Silicon-28 enrichment facility in Pretoria, South Africa, and that it expects to make initial commercial shipments of enriched Silicon-28 in Q3. The company said the first 18 stages of the facility have operat...
peterschreiber.media/iStock via Getty Images ASP Isotopes ( ASPI ) up 12.3% pre-market Tuesday after saying it successfully restarted the first 18 stages, comprising segments 1 and 2, of its Silicon-28 enrichment facility in Pretoria, South Africa, and that it expects to make initial commercial shipments of enriched Silicon-28 in Q3. The company said the first 18 stages of the facility have operated for more than three weeks at target enrichment levels following nine months of engineering modifications to non-core components including valves, compressors, and piping. ASP Isotopes ( ASPI ) said it shipped its first samples of enriched Silicon-28 to a U.S. customer in August 2025, with independent analysis confirming enrichment levels tracked in line with theoretical calculations; following customer site visits in H2 2025, the company said it began implementing modifications to the facility. The company previously said it signed three commercial contracts for enriched Silicon-28 with U.S. -based customers requiring it for quantum computing and next-generation semiconductors. More on ASP Isotopes ASP Isotopes Discusses Transition to Commercial Production, Market Expansion, and Critical Materials Platform - Slideshow ASP Isotopes Discusses Transition to Commercial Production, Market Expansion, and Critical Materials Platform Transcript ASP Isotopes: Needs More Proof
jenifoto/iStock via Getty Images Thesis The Western Asset Investment Grade Income Fund ( PAI ) is a fixed-income closed-end fund we last covered in the beginning of 2025 with a 'Hold' rating. The CEF is virtually unchanged since, with a total return of only +0.19%, highlighting the expression 'dead money' in finance: Dead money is a financial slang term for idle funds or stagnant investments that ...
jenifoto/iStock via Getty Images Thesis The Western Asset Investment Grade Income Fund ( PAI ) is a fixed-income closed-end fund we last covered in the beginning of 2025 with a 'Hold' rating. The CEF is virtually unchanged since, with a total return of only +0.19%, highlighting the expression 'dead money' in finance: Dead money is a financial slang term for idle funds or stagnant investments that generate little to no growth, yield, or return . It describes capital that is trapped in underperforming assets, sitting in low-interest accounts, or failing to meet its potential, which ultimately limits your overall wealth accumulation. There are two components to investing: the overall macro and the actual investment. The actual investment is a brick, while the overall macro is the terrain and location of the house. Even if you choose a solid 'brick,' if you build your house in marsh terrain, you might have cracking, flooding, or foundation sinking. In today's article we are going to show readers why the current macro is not good for a fund like PAI, even though this 'brick' is a robust one. What does PAI do? Investment-grade bonds Let us start with the fund objective as per its website: Provides a portfolio of primarily investment grade debt, including government securities, bank debt, commercial paper, and cash/cash equivalents. Seeks a high level of current income, along with capital appreciation. Emphasizes team management and extensive credit research expertise to identify attractively priced securities. Once we start looking through its composition, we see the CEF staying true to its objective, containing a portfolio of investment-grade corporate bonds with intermediate duration profiles: Ratings (Fund Website) The majority of the holdings fall in the 'A' and 'BBB' rating bands, with little allocation outside those two. These are solid investment-grade ratings, but rating bands also offer yield. The fund has a rather particular way of segmenting its sectors, but he...