Head coach says ‘you can’t avoid focusing’ on the forward, who has form against Tuchel’s sides, before the World Cup quarter-final The way that Thomas Tuchel remembers it, he was the only choice for the award. He had led Chelsea to Champions League glory in 2020-21 so when the German publication Sport Bild named its coach of the season, it had to give it to him. “Yeah, there was no way out,” the E...
Head coach says ‘you can’t avoid focusing’ on the forward, who has form against Tuchel’s sides, before the World Cup quarter-final The way that Thomas Tuchel remembers it, he was the only choice for the award. He had led Chelsea to Champions League glory in 2020-21 so when the German publication Sport Bild named its coach of the season, it had to give it to him. “Yeah, there was no way out,” the England head coach says, with a smile. “Because if Jürgen Klopp won at the same time the Charity Shield they give it to him …” The line is delivered in trademark style: deadpan, apart from the twinkle in his eye and it is especially funny to imagine Klopp’s reaction when he reads it. What happened next for Tuchel was less of a laughing matter. As a part of the deal, he gave an interview to Sport Bild and during it he joked about how he would have “no problem” bringing Erling Haaland to Chelsea and playing him up front with Romelu Lukaku. Continue reading...
As residents of eastern China brace for Typhoon Bavi to make landfall, bloggers have turned to AI weather models to post forecasts on social media, prompting criticism from state media, which warned that the amateur predictions could fall foul of the law. State broadcaster China Media Group reported on Thursday that some bloggers claiming to be “weather enthusiasts” were issuing forecasts using da...
As residents of eastern China brace for Typhoon Bavi to make landfall, bloggers have turned to AI weather models to post forecasts on social media, prompting criticism from state media, which warned that the amateur predictions could fall foul of the law. State broadcaster China Media Group reported on Thursday that some bloggers claiming to be “weather enthusiasts” were issuing forecasts using data from various open-source artificial intelligence weather models. Some have even begun offering...
There is a bogus version of Singapore’s prime minister that exists only to steal money. It connected to a Zoom call, thanked a stranger for his time and helped relieve him of US$3.8 million – with the real Lawrence Wong, for a time, none the wiser about what had happened. The victim had received a WhatsApp message purporting to be from the secretary to the cabinet, inviting him to a private meetin...
There is a bogus version of Singapore’s prime minister that exists only to steal money. It connected to a Zoom call, thanked a stranger for his time and helped relieve him of US$3.8 million – with the real Lawrence Wong, for a time, none the wiser about what had happened. The victim had received a WhatsApp message purporting to be from the secretary to the cabinet, inviting him to a private meeting. What followed was not some doctored photo or a 15-second clip designed to fool a distracted...
bluebay2014/iStock via Getty Images By Nick Niziolek, CFA, Dennis Cogan, CFA, Paul Ryndak, CFA, and Kyle Ruge, CFA Global equity benchmarks soared during the quarter, led by the emerging markets. In both emerging and developed markets, growth benchmarks outperformed the still-strong returns of value. Figure 1. Robust Gains Across Global Markets, Growth Leads the Way Total Return %, 2Q 2026 Past pe...
bluebay2014/iStock via Getty Images By Nick Niziolek, CFA, Dennis Cogan, CFA, Paul Ryndak, CFA, and Kyle Ruge, CFA Global equity benchmarks soared during the quarter, led by the emerging markets. In both emerging and developed markets, growth benchmarks outperformed the still-strong returns of value. Figure 1. Robust Gains Across Global Markets, Growth Leads the Way Total Return %, 2Q 2026 Past performance is no guarantee of future results. Source: Bloomberg. Indexes are unmanaged, do not include fees or expenses, and are not available for direct investment. EM, World ex USA, and ACWI are MSCI indexes; see definitions in endnotes. The outperformance of the growth indexes reflects investors’ focus on fundamentals. As we discussed in our recent post , “Pole Position for a Market Powered by Earnings,” one reason we are feeling upbeat about global equities is that markets have been driven by earnings improvements and upward earnings revisions - not unsupported price momentum. In Figure 2, the dark blue bars show the performance of stocks that have the highest EPS momentum, while the light blue bars show the performance of the overall region. Over the past year, stocks with the highest EPS momentum have outperformed across regions. Figure 2. Real Deal: Earnings Momentum Is Driving Global Markets Stocks with Highest EPS Momentum versus Overall Market, one-year performance ending 6/30/2026 Past performance is no guarantee of future results. Source: Calamos Investments. Highest EPS Momentum Quintile: companies that rank in the top quintile based on their price/earnings ratio relative to expected earnings growth from the first forward fiscal year (F+1) to the second forward fiscal year (F+2)—that is, the percentage change from consensus EPS in the first forward year to EPS in the second. Putting Our Eggs in More Than One Basket Beneath the strong gains, there’s been a lot going on under the hood (e.g., shifting inflation and interest rate expectations, rising and falling lev...
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 Winnie Cisar, CreditSights Global Head of Strategy, John Medina, Moody's Ratings SVP, Global Project and Infrastructure Finance, Tom Fitzgerald, TD Cowen VP, Equity Research, Gary Gensler, Former SEC Chair, Jeffrey Sherman, Do...
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 Winnie Cisar, CreditSights Global Head of Strategy, John Medina, Moody's Ratings SVP, Global Project and Infrastructure Finance, Tom Fitzgerald, TD Cowen VP, Equity Research, Gary Gensler, Former SEC Chair, Jeffrey Sherman, DoubleLine Capital Deputy Chief Investment Officer, Macrae Sykes, Gabelli Funds Portfolio Manager, Chad Mumm, Pro Shop Co-Founder and President, Nora Wittstruck, S&P Global Ratings Chief Analytical Officer for Governments, and Michael Chang, Clear Health CEO. (Source: Bloomberg)
REVIEW PREVIEW NEWSLETTER Pretty Meta. One big thing separated the S&P 500 and Nasdaq Composite from the Dow Jones Industrial Average this week: Meta Platforms stock. The Dow rose 150 points, or 0.3%, on Friday.
REVIEW PREVIEW NEWSLETTER Pretty Meta. One big thing separated the S&P 500 and Nasdaq Composite from the Dow Jones Industrial Average this week: Meta Platforms stock. The Dow rose 150 points, or 0.3%, on Friday.
BeyondImages/iStock via Getty Images BHP ( BHP ) is exploring the sale of a desalination plant and its electricity transmission assets in Chile, extending a strategy of monetizing infrastructure as the company concentrates on its core copper business, Bloomberg reported Friday. The assets reportedly could be valued at a combined $1.5B-$2B, with the electricity transmission lines expected to raise ...
BeyondImages/iStock via Getty Images BHP ( BHP ) is exploring the sale of a desalination plant and its electricity transmission assets in Chile, extending a strategy of monetizing infrastructure as the company concentrates on its core copper business, Bloomberg reported Friday. The assets reportedly could be valued at a combined $1.5B-$2B, with the electricity transmission lines expected to raise $1B-$1.3B and the desalination plant at $500M-$700M, according to the report . The Puerto Coloso desalination plant serves BHP's ( BHP ) Escondida mine, the world’s largest copper operation, and is one of the world's biggest reverse osmosis plants, pumping 3,800 liters per second to an altitude of more than 3,200 meters to supply the operation. The sale would mark the latest step in BHP's ( BHP ) plan to unlock as much as $10B from infrastructure and other non-core assets to help fund large-scale copper growth projects, including the Escondida expansion and the Vicuña copper district in Argentina. More on BHP BHP: Copper And Iron Price Outlooks Aren't Supportive BHP: Simandou Adds Pressure, But The Quality Case Still Holds BHP Group Presents at Bank of America Global Metals, Mining & Steel Conference 2026 - Slideshow
Following significant backlash, Meta is turning off the feature it announced this week that let users generate AI images based on content from public Instagram accounts just by tagging them. The feature, as originally set up, meant that content from any public Instagram account could be used in AI creations without the account owner's permission. "Earlier this week, we announced that one way for p...
Following significant backlash, Meta is turning off the feature it announced this week that let users generate AI images based on content from public Instagram accounts just by tagging them. The feature, as originally set up, meant that content from any public Instagram account could be used in AI creations without the account owner's permission. "Earlier this week, we announced that one way for people to generate images in Meta AI is by @-mentioning public Instagram accounts that they want to reference," Meta says in an update to a blog post about its new Muse Image AI model. "Our intent was to provide a useful creative tool and to give pe … Read the full story at The Verge.
When Billion-Dollar Non-Profits Stop Looking Like Charities Authored by Jeff Patch via RealClearMarkets , AltaMed Health Services reported $1.72 billion in revenue in 2024, which is more than many publicly traded healthcare companies. Yet unlike a public corporation, the nonprofit entity answers to no shareholders, enjoys broad tax exemptions, and derives much of its revenue from taxpayer-supporte...
When Billion-Dollar Non-Profits Stop Looking Like Charities Authored by Jeff Patch via RealClearMarkets , AltaMed Health Services reported $1.72 billion in revenue in 2024, which is more than many publicly traded healthcare companies. Yet unlike a public corporation, the nonprofit entity answers to no shareholders, enjoys broad tax exemptions, and derives much of its revenue from taxpayer-supported healthcare programs. AltaMed also reported $1.66 billion in assets and its revenues exceeded expenses by $68.4 million. It operates more than 70 clinics, employs roughly 5,000 people, and serves more than 700,000 patients throughout Southern California, making it one of the nation's largest federally qualified health center (FQHC) systems. But AltaMed's extraordinary growth raises another question that extends far beyond Southern California: What happens when a nonprofit grows into a multibillion-dollar enterprise while retaining the governance structure of a traditional charity? That question has become increasingly relevant as individual nonprofit hospital systems, universities, and other charitable organizations now control hundreds of billions of dollars in assets while benefiting from tax exemptions, government reimbursements, tax-deductible donations, and public financing. Their primary accountability mechanism is a board of directors charged with ensuring that charitable resources remain devoted to public benefit rather than private profits. Since 2001, AltaMed has paid more than $32 million in compensation to its CEO, Castulo de la Rocha, his wife Zoila Escobar, and one of their sons - which is significantly higher than most of its peer FQHCs. For instance, the chief executives of Family Health Centers of San Diego, Family HealthCare Network, and Comprehensive Community Health Centers each earned substantially less than de la Rocha in 2024 despite overseeing similarly large healthcare organizations. Following scrutiny of excessive executive pay more than a decade ...