It's tempting to be sure. Although the stock's made no net progress since its collapse in early 2020, the company's backlog continues growing to record levels. It just received a huge number of orders from China , too, where a state-supported competitor operates. Still, most investors are hesitant to take a swing, and understandably so. The company in question is passenger jet maker Boeing (NYSE: ...
It's tempting to be sure. Although the stock's made no net progress since its collapse in early 2020, the company's backlog continues growing to record levels. It just received a huge number of orders from China , too, where a state-supported competitor operates. Still, most investors are hesitant to take a swing, and understandably so. The company in question is passenger jet maker Boeing (NYSE: BA) . Here's some food for thought if the ticker is on your watch list but not yet in your portfolio. Continue reading
Members of the billionaire Glazer family have been debating whether to sell their stake in Manchester United after decades of ownership often blighted by fan protests. Tiwa Adebayo explains. (Source: Bloomberg)
Members of the billionaire Glazer family have been debating whether to sell their stake in Manchester United after decades of ownership often blighted by fan protests. Tiwa Adebayo explains. (Source: Bloomberg)
Mailson Pignata/iStock via Getty Images Brazilian sugar and ethanol producer Raizen said Thursday it agreed to sell its downstream operations in Argentina to Mercuria Energy for $1.42B, including Raizen Argentina's debt. The acquisition gives Mercuria control of the Dock Sud refinery on the outskirts of Buenos Aires, the third biggest refinery in Argentina, and ~700 gas stations, accounting for ~...
Mailson Pignata/iStock via Getty Images Brazilian sugar and ethanol producer Raizen said Thursday it agreed to sell its downstream operations in Argentina to Mercuria Energy for $1.42B, including Raizen Argentina's debt. The acquisition gives Mercuria control of the Dock Sud refinery on the outskirts of Buenos Aires, the third biggest refinery in Argentina, and ~700 gas stations, accounting for ~20% of nationwide fuel sales in Argentina. Mercuria, through its Phoenix Global Resources subsidiary, will still produce much less crude than YPF ( YPF ) or Pan American Energy, but it plans to spend billions of dollars over the coming years to ramp up output in Argentina’s Vaca Muerta shale patch. Raizen, a joint venture between Shell ( SHEL ) and Brazilian conglomerate Cosan ( CSAN ), has been seeking ways to address its heavy debt burden, pressured by high capital spending, adverse weather, and wildfires that have hit sugarcane crops. Also on Wednesday, Raizen's creditors began evaluating the company's final proposal for an out-of-court restructuring covering ~65B reais ($12.84B) of debt, the largest such deal in Brazil's history. More on Shell and Cosan Shell: Portfolio Optimization And LNG Strength Balanced By Rising Risks (Downgrade) Shell Consolidates Its Upstream And LNG Position With ARC Resources Acquisition Cosan's Deleveraging Story Still Lacks A Solid Foundation
As companies like Anthropic and SpaceX file to go public, 2026 may turn out to be a year of mega IPOs. Goldman Sachs CEO David Solomon joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to discuss banking in the age of AI and why it's still "good for the US to have the biggest, most important companies in the world." (Source: Bloomberg)
As companies like Anthropic and SpaceX file to go public, 2026 may turn out to be a year of mega IPOs. Goldman Sachs CEO David Solomon joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to discuss banking in the age of AI and why it's still "good for the US to have the biggest, most important companies in the world." (Source: Bloomberg)
kynny/iStock via Getty Images Broadcom ( AVGO ) sank 13% by noon trading on Thursday, bringing much of the semiconductor stocks down with it following guidance that was apparently not as strong as investors expected. Meanwhile, Micron Technology ( MU ) shares dropped about 7% after South Korean memory rival SK hynix ( HXSCL ) said it had received positive feedback on its proposed U.S. listing. SK ...
kynny/iStock via Getty Images Broadcom ( AVGO ) sank 13% by noon trading on Thursday, bringing much of the semiconductor stocks down with it following guidance that was apparently not as strong as investors expected. Meanwhile, Micron Technology ( MU ) shares dropped about 7% after South Korean memory rival SK hynix ( HXSCL ) said it had received positive feedback on its proposed U.S. listing. SK hynix filed a confidential IPO application with the U.S. Securities and Exchange Commission to list its shares in the U.S. back in March. Other memory and storage stocks were also seeing red. Western Digital ( WDC ), Sandisk ( SNDK ) and Everpure ( P ) all edged down 2%, and Seagate Technology ( STX ) dipped 1.7%. Among CPU developers, AMD ( AMD ) and Intel ( INTC ) had declined 3% and 2%, respectively. On a larger level, the Philadelphia Semiconductor Index ( SOX ) was down 3%. However, the index has surged by more than 25% over the past month. The tech-heavy Nasdaq ( COMP:IND ) had inched down a quarter of a percent while the Dow Jones Industrial Average ( DJI ) perked up 1.7%. Several semiconductor stocks bucked Thursday's slide. Marvell ( MRVL ) continued its recent rally and was up 2%, Taiwan Semiconductor Manufacturing ( TSM ) increased 2.2%, and Nvidia ( NVDA ) ticked up 0.8%. Optical and networking stocks were dragging on Thursday as well, led by Ciena ( CIEN ), which plunged 19% after reporting its second quarter earnings. Lumentum ( LITE ) and Coherent ( COHR ) both dropped 3.5%. AI data center providers were also falling. IREN ( IREN ) dropped 7%, Nebius ( NBIS ) slid 1.6%, Applied Digital ( APLD ) was down 4.7%, and CoreWeave ( CRWV ) fell 3.6%. More on Micron, SK Hynix and Broadcom Broadcom Q2: Reality Check As Expectations Bite Micron: The Market Is Right (Rating Upgrade) Ciena Corporation 2026 Q2 - Results - Earnings Call Presentation A look at Broadcom's chart after its post-earnings selloff Ciena tumbles despite Q2 beat as analysts mull margins
In the era of tap-to-pay, Block Inc. is trying to make things a little more enchanting. The company’s Cash App business launched a device on Thursday that looks like a tiny sparkly wand, albeit with a chip embedded that allows customers to pay for items at a store the same way they would with a plastic card or mobile phone. It’s Block’s latest attempt to grow the Cash App business, this time targe...
In the era of tap-to-pay, Block Inc. is trying to make things a little more enchanting. The company’s Cash App business launched a device on Thursday that looks like a tiny sparkly wand, albeit with a chip embedded that allows customers to pay for items at a store the same way they would with a plastic card or mobile phone. It’s Block’s latest attempt to grow the Cash App business, this time targeting teens and young adults with the wand. It has aspirations to use the chip-in-a-thing idea to eventually roll out other physical devices that would appeal to different demographics. In theory, the chip could be inserted into anything from a health-tracking bracelet to a baseball hat. “We see a unique opportunity here to make payments visible and social for the first time,” said Thomas Templeton, Hardware Lead at Block. “Early testers have told us that they’ve loved carrying the wand and showing it off at checkout, so we believe there’s a real appetite for this among our customers.” Cash App sprung up in 2013, part of Jack Dorsey ’s grand vision for a company that makes transactions quick, easy and perhaps cool. Dorsey uses the title of Block Head rather than chief executive officer. The app was behind its chief rival, Venmo, but quickly went viral. As more users signed on board through word-of-mouth, Cash App was also featured in popular hip-hop songs and gained popularity among gig workers as well. Its rapid growth also led to controversy because of the way Cash App vetted customers and combated scams. The company and its parent reached a $15 million class-action settlement in 2024 and a $175 million settlement with the Consumer Financial Protection Bureau the following year, after which the company took steps to pay customers who were harmed and weed out others who were not ideal. That, in turn, led Cash App’s user figures to drop. Block has more recently been on a mission to grow the platform’s customer rolls, including by targeting new slices of the payments pie. US ...
Shares of multi-domain space and defense company Redwire (NYSE: RDW) are 18% higher as of 11 a.m. ET on Thursday after it was awarded yet another space contract. Redwire announced a contract with Astrobiome Space, a " biotech company pioneering microbiome solutions for regenerative space agriculture." The contract is: to grow strawberries and test Astrobiome Space's proprietary soil enhancement pr...
Shares of multi-domain space and defense company Redwire (NYSE: RDW) are 18% higher as of 11 a.m. ET on Thursday after it was awarded yet another space contract. Redwire announced a contract with Astrobiome Space, a " biotech company pioneering microbiome solutions for regenerative space agriculture." The contract is: to grow strawberries and test Astrobiome Space's proprietary soil enhancement product inside Redwire's Greenhouse systems on board the International Space Station (ISS). This award marks the inaugural flight for Redwire's trailblazing Greenhouse system--the world's first commercial space greenhouse. Image source: Getty Images. Continue reading
[The content of this article has been produced by our advertising partner.] For years, the industry has framed AI as a compute problem: more GPUs, denser clusters, faster interconnects. That framing is now incomplete. At scale, AI is fundamentally a data system. Every training run, every inference, every agent interaction generates new data that must be stored, retained, and revisited. Compute is ...
[The content of this article has been produced by our advertising partner.] For years, the industry has framed AI as a compute problem: more GPUs, denser clusters, faster interconnects. That framing is now incomplete. At scale, AI is fundamentally a data system. Every training run, every inference, every agent interaction generates new data that must be stored, retained, and revisited. Compute is elastic and cyclical. It can be repurposed. Data is cumulative and permanent, making storage demands...
Republican-led states growing renewable capabilities at faster rate as Texas emerges as clean-energy leader Democratic-led states are eroding their climate policies, as red states are scaling up their clean energy deployment. California on Friday scaled back its cap-and-invest program, offering more than $3bn in free pollution allowances to polluting companies. Earlier the same week, New York weak...
Republican-led states growing renewable capabilities at faster rate as Texas emerges as clean-energy leader Democratic-led states are eroding their climate policies, as red states are scaling up their clean energy deployment. California on Friday scaled back its cap-and-invest program, offering more than $3bn in free pollution allowances to polluting companies. Earlier the same week, New York weakened its groundbreaking climate law, delaying a plan to regulate carbon from 2024 until 2028 and reducing emissions-slashing targets. Rhode Island’s governor, meanwhile, is attempting to roll back aggressive clean-energy programs. Continue reading...
Hundreds of people applied to adopt beagles from a breeding facility – but ‘these are not ordinary dogs’, says one rescue worker In May, 1,500 beagles were released from Ridglan Farms, a breeding and bioresearch facility near Madison, Wisconsin. The event made headlines . Soon, a deluge of tear-jerking videos followed, showing the lab beagles experiencing the outside world for the first time. Mill...
Hundreds of people applied to adopt beagles from a breeding facility – but ‘these are not ordinary dogs’, says one rescue worker In May, 1,500 beagles were released from Ridglan Farms, a breeding and bioresearch facility near Madison, Wisconsin. The event made headlines . Soon, a deluge of tear-jerking videos followed, showing the lab beagles experiencing the outside world for the first time. Millions of people watched the dogs touching grass and instinctively paddling their paws at the sight of water. Continue reading...
[The content of this article has been produced by our advertising partner.] As artificial intelligence (AI) reshapes economies, labour markets and public services, the Hong Kong University of Science and Technology (HKUST) is making a clear bet: the defining skill for tomorrow’s public leaders will not be coding, but judgment. At the helm of its Master of Public Management (MPM) programme is Progr...
[The content of this article has been produced by our advertising partner.] As artificial intelligence (AI) reshapes economies, labour markets and public services, the Hong Kong University of Science and Technology (HKUST) is making a clear bet: the defining skill for tomorrow’s public leaders will not be coding, but judgment. At the helm of its Master of Public Management (MPM) programme is Programme Director Prof. Donald Low, who argues that leadership in the AI age demands more than technical...
Iran said there had been no recent progress in talks with the US over an interim peace deal, after the sides saw their worst skirmishes this week since the ceasefire took hold in early April. The comments, made by Iranian Foreign Minister Abbas Araghchi late yesterday and reported by the semi-official Tasnim news agency, came as fighting also persisted in Lebanon even after Washington declared a c...
Iran said there had been no recent progress in talks with the US over an interim peace deal, after the sides saw their worst skirmishes this week since the ceasefire took hold in early April. The comments, made by Iranian Foreign Minister Abbas Araghchi late yesterday and reported by the semi-official Tasnim news agency, came as fighting also persisted in Lebanon even after Washington declared a ceasefire between the country and Israel. Iran and the US have said talks to reach a deal are ongoing and they want to arrive at an agreement, but both sides have made conflicting statements about progress, whipsawing markets. There’s also the issue of Iran’s stockpile of enriched uranium, which has yet to be resolved. Iran permitted monitors at the United Nations atomic watchdog this week to visit its Bushehr nuclear power plants while stonewalling inspectors’ demands to verify the condition and location of the stockpile, according to a restricted report from the International Atomic Energy Agency seen by Bloomberg. — Philip Lagerkranser What You Need to Know Today Commodity trading giant Trafigura showered a record payout on its top traders and executives after its profit topped $4 billion in the first half. It paid just over $3 billion in dividends for the period, the biggest half-yearly payout on record. Trafigura said much of its profit haul came from before the start of the war in Iran and the near-closure of the Strait of Hormuz it triggered. UK Urged to Tap £2 Trillion Pot and Bring Gilts to the Masses Britain could use a few loyal, long-term buyers for its government bonds. Executives at some of the UK’s biggest financial institutions think they may be hiding in plain sight: ordinary savers. Read more Several people were injured when a Boeing 787 airliner operated by Deutsche Lufthansa suffered a collapsed nose landing gear while parked at a gate at Frankfurt Airport today. Lufthansa said in a statement that at the time of the incident, crew members and ground staff...
CIQ, the enterprise software company behind Rocky Linux and the Fuzzball AI and HPC orchestration platform, today announced full multi-cloud support for Fuzzball across CoreWeave, Amazon Web Services (AWS), Google Cloud Platform (GCP), Oracle Cloud Infrastructure (OCI) and Microsoft Azure. Enterprise teams define an AI training, inference or HPC workflow once and execute it across any of these env...
CIQ, the enterprise software company behind Rocky Linux and the Fuzzball AI and HPC orchestration platform, today announced full multi-cloud support for Fuzzball across CoreWeave, Amazon Web Services (AWS), Google Cloud Platform (GCP), Oracle Cloud Infrastructure (OCI) and Microsoft Azure. Enterprise teams define an AI training, inference or HPC workflow once and execute it across any of these environments or on-premises infrastructure, with Fuzzball routing each job automatically to the optimal
Domestic production of oil has significantly reduced the impact of energy-price shocks on US inflation and unemployment since the 1970s, according to new research from the Federal Reserve Bank of Boston. An oil shock like the one resulting from the Iran war should boost the personal consumption expenditures price index by 1.5 percentage points over the subsequent year, versus 2.2 percentage points...
Domestic production of oil has significantly reduced the impact of energy-price shocks on US inflation and unemployment since the 1970s, according to new research from the Federal Reserve Bank of Boston. An oil shock like the one resulting from the Iran war should boost the personal consumption expenditures price index by 1.5 percentage points over the subsequent year, versus 2.2 percentage points in the 1970s, Boston Fed researchers said in the study, published Thursday. Job growth, meanwhile, would have been reduced by 1.8 percentage points in the face of such a shock in the 1970s, but that effect “has largely disappeared in recent years,” they said. For the authors — which include the bank’s top economist, Egon Zakrajšek — that means “monetary policy should focus more on the inflation effects associated with oil shocks as opposed to the employment effects,” in part because “smaller employment effects could result in less disinflationary pressure to counterbalance the inflationary impact of higher oil prices.” Higher energy costs have a muted impact on employment now because states where oil production is concentrated — such as New Mexico, North Dakota, Alaska, Oklahoma and Texas — can see job gains even as others record losses, according to the study. The Boston Fed researchers found relative job growth in Texas could rise by about 1.7 percentage points in such a scenario as the current oil shock, while Massachusetts could see relative employment decline by about 0.4 percentage point.
You work hard throughout your career so you can receive the largest possible Social Security benefits. You've carefully chosen your claiming age to maximize your lifetime payout. You've handled everything right on your end, so it can be a bit surprising to find out you're getting less Social Security than you deserve. It's more common than you think, but fortunately, the problem is fixable. Here's...
You work hard throughout your career so you can receive the largest possible Social Security benefits. You've carefully chosen your claiming age to maximize your lifetime payout. You've handled everything right on your end, so it can be a bit surprising to find out you're getting less Social Security than you deserve. It's more common than you think, but fortunately, the problem is fixable. Here's how to know if you're getting the full benefit you've earned, and what to do if you're getting smaller Social Security checks than you qualify to receive. Image source: Getty Images. Continue reading
Most of Belkin's Switch 2 accessories are designed to either protect or power up Nintendo's latest handheld, like its Charging Case Pro that actually does both at the same time. Its new multitasking Charging Grip can also add three or four more hours of playtime through an included 10,000mAh battery pack, while improving the Switch 2's ergonomics with beefier nonslip grips for the Joy-Con controll...
Most of Belkin's Switch 2 accessories are designed to either protect or power up Nintendo's latest handheld, like its Charging Case Pro that actually does both at the same time. Its new multitasking Charging Grip can also add three or four more hours of playtime through an included 10,000mAh battery pack, while improving the Switch 2's ergonomics with beefier nonslip grips for the Joy-Con controllers. Belkin's Charging Grip is now available through the company's online store in black, lilac, and olive green color options for $99.99. The magnetic 10,000mAh battery sticks to the back of the Switch 2, but since the handheld doesn't support mag … Read the full story at The Verge.