Micron Technology shares rise 8% premarket after UBS raises price target to $1,625 Crypto Briefing

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Short seller Andrew Left told jurors in his securities fraud trial that his public comments about Tesla Inc. and other companies featured in his indictment never contradicted the short or long positions he took in their stocks, rebutting a key element of the government’s criminal case. Left is accused of using explosive social-media posts about dozens of companies to illegally move their stock and make a quick profit. He took the stand Tuesday for the second day in his landmark trial in Los Angeles federal court, after two weeks of testimony from prosecution witnesses. Jurors could begin deliberating as soon as this week. The US Justice Department’s case against the Citron Research founder has zeroed in on the conduct of activist short sellers who highlight companies they think are overvalued and can profit if the stock goes down. Trial testimony also has featured some of Left’s long positions. Prosecutors allege Left misled investors for years, including by promoting his long position in Tesla in October 2018 and then quickly shedding his stocks in Elon Musk ’s electric-car company when Left’s commentary caused the shares to rise. Asked by his lawyer about that trading, Left said that reducing a long position in a stock isn’t the same as shorting it. “For Tesla, or any of the companies that we’ve been talking about, were you ever long a company while simultaneously speaking negatively about that company in public?” defense lawyer Adam Fee asked Left. “Never,” the trader said. “For all of these companies, were you ever short a company while simultaneously speaking positively about it?” his lawyer asked. “No,” he said. Read More: Left Pitched Short Sales to ‘Take Candy’ From Retail Investors Left’s tweets, on the platform now called X, have been a key feature in a trial that is examining when statements of opinion cross into market manipulation — a thorny topic with potential implications for Wall Street. Prosecutors say Left’s private communications around the time ...

July ICE NY cocoa (CCN26) today is up +392 (+10.33%), and July ICE London cocoa #7 (CAN26) is up +310 (+10.84%). Cocoa prices surged to 1.5-week highs today on fund short-covering, spurred by heavy rains in the Ivory Coast that have caused flooding and cut off farmers' access to cocoa plantations. Cocoa prices also have support on concerns that a potential El Niño weather pattern this year could threaten the West African cocoa crop. Don’t Miss a Day: On May 11, cocoa prices soared to 4-month highs amid concerns that the formation of an El Niño weather pattern could lead to warmer, drier conditions in West Africa, potentially damaging cocoa production there. The US National Oceanic and Atmospheric Administration (NOAA) estimates an 82% probability that El Niño conditions will emerge between May and July and persist through the end of the year, with a 67% chance of a "Super El Niño." Cocoa prices also have support from early surveys of the 2026/27 West African cocoa crop that show below-average cherelle formation on cocoa trees, signaling a weak outlook for the main cocoa harvest, which begins in October. Signs that consumer demand for chocolate is holding up are a positive factor for cocoa prices. Recent earnings results from top chocolate makers Hershey and Mondelez International were better than expected and show consumer chocolate demand remains steady despite high prices. However, Circana reported on April 14 that chocolate candy sales in North America in the 13 weeks ending March 22 fell 1.3% from the same period a year ago. The prospects of a smaller global surplus are also supportive for cocoa prices. On April 29, StoneX cut its 2026/27 global cocoa surplus estimate to 149,000 MT from a January forecast of 267,000 MT, citing risks to the West African cocoa crop from an expected El Niño weather event. StoneX also cut its 2025/26 global cocoa surplus forecast to 247,000 MT from a January estimate of 287,000 MT. The prolonged closure of the Strait of Hormuz is di...

imaginima/E+ via Getty Images Cloudflare, Inc. ( NET ) is one of the rare software stocks that have delivered both strong acceleration in top-line growth and solid stock price performance. The company looks poised to deliver something else as well: expanding profit margins. The last piece would appear to round out a rather complete package. The valuation, however, continues to look rather aggressive, and I struggle to see the potential upside even after factoring in many years of growth. I reiterate my Sell rating for NET stock. NET Stock Price I last covered NET in March , where I reiterated my Sell rating due to the aggressive valuation. The stock has underperformed the broader market by around 14% since. Data by YCharts Even with margin expansion looking likely in the near future, I am still of the view that the stock has priced in too many years of growth. NET Stock Key Metrics NET is known as a leading content delivery network, which means that it helps secure customer data. This has become an increasingly important service as agentic AI takes off. NET has proven to be a clear beneficiary as usage of its services has exploded. In the most recent quarter , the company generated 34% YoY revenue growth to $640 million, crushing guidance of $607 million. 2026 Q1 Presentation NET saw continued strong growth among its larger customers, with large customers representing 72% of revenue and rising 25% YoY. 2026 Q1 Presentation The company did see its dollar-based net retention rate decelerate to 118%, down from 120% in the fourth quarter. It is likely that this played a significant role in the market’s negative reaction. 2026 Q1 Presentation I note that the company saw its GAAP operating loss widen in spite of the strong top-line growth. I have historically not been concerned about the lack of profitability here given the impressive execution on accelerating top-line growth. 2026 Q1 Press Release The company did announce a large layoff affecting roughly 20% of their wor...

Memorial Day is supposed to feel like a victory lap into summer: gas tank full, cooler packed, suitcase in the trunk. This year, it feels like sticker shock. A snapshot circulated by Ed Elson, host of the Prof G Markets podcast, on X on May 25, lined up seven everyday inflation categories against last year’s ... Memorial Day Shocker: Gas Prices Up 28%, Flights Up 21%, Coffee Up 18%, Even Hot Dogs Cost 11% More than Last Year

Phil Foden and Cole Palmer missed out on this summer’s World Cup because they have been overworked, according to the chief executive of the Professional Footballers’ Association. Maheta Molango was speaking as new data showed that seven of the 10 players involved in the most games across Europe’s top leagues this season were at English clubs. Molango said the game was being damaged by the demands placed on “the players who make us dream” and argued that Foden has been victim of what the international players’ union Fifpro calls “cumulative fatigue”: a drop in performance levels caused by sustained overwork. “Less than two years ago Phil Foden was voted by his own peers in England as the best player of the league,” Molango said. “The reality is that, since then, the number of games that he has been available for has dropped. And when he has been available, it has not been the version of Phil Foden that we saw two years ago. Is it just a coincidence? We think that it’s not. “Unfortunately, he’s one of the victims of this crazy calendar that only makes sense for those who pursue commercial gain. This year, effectively, he has missed out on some of the biggest games because he was not fit. Because he just could not cope with that demand that has been on him for a number of years.” Foden has played through the past two summers, featuring for England at the Euros in 2024 and for Manchester City at the Club World Cup last year. Palmer also played in those tournaments, for England and Chelsea, and featured in the Under-21 European Championship in the summer of 2023. “It’s very sad we’ve seen only a glimpse of Cole Palmer during this year,” Molango said. “He has been one of those guys who have gone three consecutive summers without a break.” ” Fifpro’s annual player workload monitoring report shows Arsenal’s Martín Zubimendi top of this season’s appearances list for club and country, with 67 so far. Club Brugge players feature second, third and 10th, but the rest of the top ...

Few corners of the market have captured investor attention quite like artificial intelligence (AI) infrastructure plays, and IREN Limited (IREN) has emerged as one of the sector’s standout winners. Once viewed largely as a Bitcoin mining company, IREN has successfully reinvented itself as an AI infrastructure provider, a transition that sparked a massive triple-digit rally in its stock over the past year. The shift was not as drastic as it may have first appeared. Bitcoin mining already demands enormous amounts of electricity and large-scale data center infrastructure, the very same backbone required to power advanced AI chips and cloud computing workloads. Leveraging its existing crypto mining operations, IREN rapidly transformed its facilities into high-powered, server-packed AI data centers, positioning itself squarely in the middle of the generative AI boom. Excitement around the broader neocloud space accelerated further on May 21 after chip giant Nvidia (NVDA) CFO Colette Kress disclosed that rental pricing for Nvidia’s powerful H100 GPUs continues to rise. According to Kress, H100 rental prices are up roughly 20% year-to-date (YTD), while A100 cloud GPU pricing has climbed nearly 15%. The comments ignited fresh momentum across the neocloud sector, sending shares of companies, including IREN, up 10.2% in a single session. The rally came just weeks after IREN announced a major five-year AI infrastructure cloud services agreement with Nvidia, a deal that further amplified bullish sentiment surrounding the stock. Under the partnership, IREN will provide Nvidia with managed GPU cloud services for the chip giant’s internal AI and research workloads, including orchestration and cluster management software developed in collaboration with Mirantis. The contract will be supported by air-cooled Blackwell platform systems deployed across roughly 60MW of IREN’s existing data center capacity at its Childress, Texas campus. Altogether, the agreement carries an estimated val...

Jetlinerimages/iStock Unreleased via Getty Images As part of its fleet modernization plan, American Airlines ( AAL ) is installing Starlink ( SPCX ) wi-fi on more than 500 Airbus ( EADSF ) ( EADSY ) aircraft, including new deliveries of A321XLR and A321neo. The carrier will begin installing Starlink ( SPCX ) in the first quarter of 2027. “Starlink’s high-speed and low latency make the wi-fi more reliable, which matters when customers are trying to load pages, join real-time collaboration tools or stay connected consistently throughout a flight,” American Airlines ( AAL ) currently uses satellite-based wi-fi provided by Viasat ( VSAT ) and Intelsat on its domestic and short-haul fleet, and Panasonic ( PCRFF ) (PCRFY) for international flights. Despite the negative implications for Viasat ( VSAT ), shares are rallying Tuesday, setting a new all-time high, after reaching a key milestone in aviation communication. Source: Press release More on American Airlines, SpaceX The SpaceX Problem: More AI Than Aerospace How Upcoming Mega-IPOs Could Impact Broader Markets The Most Valuable Asset In The SpaceX IPO Is A Gift That Most Investors Will Ignore Applied Aerospace & Defense seeks $3.59 billion valuation in IPO Pentagon spars with SpaceX over Starlink price hike during Iran war, Reuters reports

Ирина Мещерякова/iStock via Getty Images I first covered the NEOS MLP High Income ETF ( MLPI ) back in February, before oil went parabolic (just the first half of the parabola for now) due to the U.S.-Iran war causing the flow of oil through the Strait of Hormuz to slow to a trickle. But MLPI owns firms in the U.S., with large exposure in West Texas and the Gulf of Mexico, where oil is still flowing and oil rigs are being brought online quickly. It takes time to make these kinds of moves, but YTD, there are 5% more rigs operating. Crude Oil Rigs in the U.S. ( Baker Hughes Co. via TradingEconomics) That means more business for MLPs even after the boost from Venezuelan oil flowing into Texas that I discussed back in February. Business is projected to continue at full speed for as long as the war and its recovery period carry on; I would expect it to take at least two years to refill reserves fully, and that's assuming that production is kept at full swing. Now with news that the Strait of Hormuz may finally open and that a peace deal is potentially near ( fool me again... ), I thought it was time to revisit this fund. MLPI ETF Overview Here's a quick by-the-numbers for MLPI: Inception: 12/17/2025 Price: $57.60 Yield: 14.72% RoC %*: ~90% Div. Frequency: Monthly Holdings**: 28 ER: 0.68% AUM: $663M Click to enlarge *As reported on 19a-1 forms, the figure is an estimation. **Breakdown: 25 long stock, 2 short call options, and 1 cash. MLPI follows an index that tracks U.S. midstream firms that store and transport oil and natural gas, only it adds a covered call component where it sells some of its upside away for immediate high income. We can see that trade-off in its return patterns, where its total return (which includes dividends reinvested) contributed a large part of the fund's returns in its short lifespan so far. Data by YCharts Compare this to the closest long-only analogs, the AMLP and MLPX ETFs, which have been on a tear through this same period. You can see how ...

Riot police in Turkey have fired teargas and water cannon to break up a rally called by ousted opposition leader Özgür Özel, days after a court dismissed him from office. The protest in Izmir on Tuesday came two days after riot police battered their way into the main opposition CHP’s headquarters in the capital, Ankara, firing teargas and beating party members before throwing them out, Özel told AFP on Sunday. The dramatic scenes followed a shock court ruling on Thursday that overturned a 2023 party primary that elected Özel. It was the latest in a string of moves against the CHP, Turkey’s oldest political party, which scored a major political win over President Recep Tayyip Erdoğan’s ruling AKP in 2024 local elections and has been rising in the polls. Since the court ruling, the party has been in chaos. Özel called the lunchtime rally in Izmir as Turkey was poised to shut down for the four-day Eid al-Fitr holiday, which begins on Wednesday. View image in fullscreen Özgür Özel, the deposed leader of Turkey's main opposition, arrives for a rally in Izmir on Tuesday. Photograph: Erdem Şahin/AP View image in fullscreen Özgür Özel in Izmir on Tuesday. Photograph: EPA Ahead of the rally, the governorate ordered the closure of the city’s central Cumhuriyet Square, deploying a large number of riot police with water cannon trucks who tried to break up the flag-waving crowd, Turkish media reported. “President Özgür, free Turkey!” they shouted in scenes broadcast live on TV. Thursday’s shock court ruling overturned the 2023 party primary that elected Özel, ordering his defeated rival Kemal Kıliçdaroğlu, a lacklustre ineffective politician, to resume his position as CHP leader. In Izmir, thousands of chanting demonstrators waved flags as Özel addressed the crowd from the top of a bus, urging Kıliçdaroğlu to agree to a party congress “immediately” so members could choose their leader. View image in fullscreen Özgür Özel addresses his supporters from a bus. Photograph: Berkcan Z...

Much of England and Wales are in an official heatwave as of Tuesday. A location has to reach a threshold temperature - 25C for northern and western areas and 28C in London and Home Counties - for three days in a row.

This article first appeared on GuruFocus. Intel (INTC, Financials) drew a more cautious view from Northland after a sharp rally in the chipmaker's stock left less room for error. Northland downgraded Intel to Market Perform from Outperform, citing valuation concerns even as the company continues to make progress on its turnaround. Analyst Gus Richard also suspended the firm's price target on the shares. The concern is not that Intel has failed to improve. Northland expects estimates to rise as server CPU demand strengthens. The issue is whether the stock has already priced in too much of that recovery. Intel shares have climbed sharply over the past year, making the valuation harder to justify. Even in an optimistic case where the company's data center business grows 40% in calendar 2027, Northland sees the stock trading at a high multiple of future earnings. For investors, the downgrade is a reminder that a turnaround story still has to meet the price paid for it. Intel must prove that better demand, manufacturing progress and cost discipline can translate into stronger profits. The next test will be Intel's upcoming results, where investors will look for signs that the recovery is moving fast enough to support the stock's valuation.

(RTTNews) - The Switzerland market closed marginally up on Thursday, after spending much of the afternoon session in the red. Investors digested the nation's unemployment data, and looked ahead to some key economic reports from the U.S. The benchmark SMI ended with a small gain of 7.18 points or 0.06% at 11,790.79. The index, which climbed to 11,816.25 around mid morning, dropped to a low of 11,755.74 by mid afternoon. Roche Holding gained about 1.1% after the US Food and Drug Administration accepted its supplemental biologics license application for Columvi combined with gemcitabine and oxaliplatin to treat relapsed or refractory diffuse large B-cell lymphoma in patients who received at least one previous line of therapy and are not candidates for autologous stem cell transplant. Zurich Insurance Group, Swiss Life Holding, Holcim, Swisscom and Kuehne + Nagel advanced 0.7 to 1.1%. Julius Baer, Logitech International, UBS Group and SGS gained 0.48 to 0.56%. VAT Group dropped 2.59%. Lonza Group, Sandoz Group, Geberit, Lindt & Spruengli, Richemont, Sika and Alcon lost 1 to 1.6%. Straumann Holding and Sonova both closed nearly 1% down. Adecco and Nestle ended down 0.68% and 0.52%, respectively. A report from the State Secretariat for Economic Affairs, or SECO, said Switzerland's unemployment rate increased marginally in November after remaining stable in the previous month. The unadjusted unemployment rate came in at 2.6% in November, up from 2.5% in October. In the corresponding month last year, the jobless rate was 2.1%. The number of registered unemployed persons increased to 121,114 in November from 116,114 in the prior month. The youth unemployment rate, which is applied to the 15-24 age group, remained stable at 2.6%. Data also showed that the seasonally adjusted jobless rate stood at 2.6%, unchanged from October. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Private Equity To Be Blocked From Buying Homes? Authored by Matt Stoller via BIG , Based on a vote last week, it seems very likely Congress will ban corporate ownership of most existing single family homes. "People live in homes," said Trump in January . "Not corporations." While Trump has sometimes talked a big game on constraining Wall Street, he generally hasn't followed through. In this case, though, he did. And somehow, a very corporate-friendly legislature came through as well. It's almost impossible to believe, but here's the relevant provision in the 21st Century ROAD to Housing Act that passed the U.S. House of Representatives on Wednesday, by a 396-13 margin. And here's the White House's statement supporting the bill. As called for during the State of the Union, this legislation includes the President's signature priority: banning large institutional investor purchases of single-family homes. Section 1001 delivers a framework that addresses Wall Street's dominance in the single family housing market and protects Main Street homebuyers. And the House followed the Senate, which in March passed an even more stringent ban, led by Senator Elizabeth Warren. There are some important caveats here, which I'll go into. But it's still a remarkable accomplishment, and a shockingly weird Warren-Trump alliance, that no one would have predicted a year ago. So what happened? I wrote up the full account two months ago, when the Senate acted. The short story is that voters were mad about high housing costs in 2024, and voted against the Democrats as a result . In January, Trump realized voters were now mad at him for high housing costs. And so he wanted to do something. But what could he do? He was trying to impose his will on the Federal Reserve, which could lower rates for homeowners. But that wasn't working out because he couldn't get the Supreme Court or the Senate to go along. And beyond that, mortgage rates aren't the only driver of costs. So what hiking housing price...

bgwalker Home Depot ( HD ) disclosed the voting results from its annual shareholder meeting held last week Shareholders approved amendments to the certificate of incorporation to extend exculpation from monetary liability to certain officers and to adopt miscellaneous charter housekeeping changes. They also re-elected the full slate of directors for one-year terms, ratified KPMG as auditor for the fiscal year ending January 31, 2027, and gave majority support to the advisory say-on-pay resolution. Multiple shareholder proposals on plastics, data privacy, independent board chair, biodiversity, health care access, and charitable-giving discrimination all failed by wide margins. The voting results mean that Ted Decker will continue in his dual role as Home Depot's ( HD ) chair and CEO. Decker has been CEO since March 1, 2022, and chair of the board since October 1, 2022. Shares of Home Depot ( HD ) trade slightly lower than where they stood when he came on board as CEO. Decker has been with the home improvement retailer in some capacity since 2000. More on Home Depot The Home Depot, Inc. (HD) Q1 2026 Earnings Call Transcript Why Selling Home Depot Stock In The Current Weakness Is A Mistake Home Depot: Not Too Late To Abandon Ship Earnings Scoreboard: 100% of reporting S&P 500 firms beat earnings expectations, 79% deliver Y/Y growth Home Depot chart in focus after earnings beat

美国财政部发行690亿美元两年期国债中标收益率4.071%，与纽约时间下午1点投标截止时的发行前交易水平相同，表明需求符合预期。这是自2025年2月以来最高的两年期国债中标收益率。当时该品种国债收益率日内下跌约5.5个基点，并在标售结果公布后维持在该水平，2年期-10年期国债收益率差约为43个基点，日间几无变动。 一级交易商获配12.3%，略高于之前一次；直接投标人获配比例降至30.1%，间接投标人获配比例增至57.6%。 投标倍数2.64倍，过去六次的平均倍数为2.61倍。 责任编辑：李桐

July WTI crude oil (CLN26) today is down -2.28 (-2.36%), and July RBOB gasoline (RBN26) is down -0.1350 (-4.03%). Crude oil and gasoline prices are sharply lower today, with crude falling to a 2.5-week low and gasoline dropping to a 5-week low. Crude prices are under pressure amid signs that peace negotiations between the US and Iran are progressing, bolstering optimism that the Strait of Hormuz could soon reopen and replenish depleted global oil supplies. Crude prices are sliding today on signs that peace negotiations between the US and Iran are progressing. According to the Washington Post, the US and Iran have developed a memorandum to extend the ceasefire by 60 days as the two sides seek a permanent deal. If agreed, the Strait of Hormuz would be de-mined and reopened in the meantime. Secretary of State Rubio said negotiations will still "take a few days" as both sides discuss language in an initial document. Don’t Miss a Day: Crude oil prices bounced off their lows after the US Central Command said US forces struck Iranian missile-launch sites and boats trying to place mines in the Strait of Hormuz. Also, the US Navy has resumed efforts to guide tankers through the strait. Earlier this month, the International Energy Agency (IEA) said in a monthly report that global observed oil inventories declined at about 4 million bpd in March and April, and that the market will remain "severely undersupplied" until October, even if the conflict ends next month. Energy prices remain underpinned by the US-Iran war, which is keeping the Strait of Hormuz essentially closed. The ongoing conflict is exacerbating global oil and fuel shortages, as about a fifth of the world's oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that crude output in the Persian Gulf has been curtailed by about 14.5 million bpd, and that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, which could hit a billion bbl by June. Persi...

As Wall Street is getting caught up in AI angst and looking to hire more AI specialists and shrink traditional banking roles, two highly sought-after AI trainers in finance are charging $25,000 for a day of training. Bloomberg's Sally Bakewell joins Caroline Hyde and Ed Ludlow for more on "Bloomberg Tech." (Source: Bloomberg)

Overview: Agilysys, Inc. is a company that develops and markets software-enabled solutions and services for the hospitality industry across North America, Europe, the Asia-Pacific, and India, with a market cap of $2.24 billion. Despite a challenging year with a 31.8% drop in earnings, Clearfield is poised for significant recovery, forecasting an impressive 100.8% annual earnings growth over the next three years, outpacing the US market's 16.8%. This growth trajectory is bolstered by strategic partnerships, like the recent one with VoltServer to enhance 5G infrastructure, showcasing its commitment to innovation and market expansion. Additionally, Clearfield's proactive approach in share repurchases—buying back shares worth $68.98 million—reflects confidence in its financial strategy and future prospects. With these moves, Clearfield aims to strengthen its position in high-tech solutions for telecommunications and data centers, navigating past short-term setbacks towards sustainable growth. Operations: The company generates revenue primarily from its fiber management, protection, and delivery product offerings, amounting to $148.55 million. Overview: Clearfield, Inc. designs, manufactures, and distributes fiber management, protection, and delivery products globally with a market cap of $594.27 million. The United States market has shown robust performance recently, with a 1.2% increase over the past week and a substantial 29% rise over the last year, while earnings are projected to grow by 17% annually. In this environment, identifying high growth tech stocks involves looking for companies that not only capitalize on current technological trends but also demonstrate strong potential for sustained revenue and earnings growth. Story Continues Operations: Agilysys focuses on delivering software solutions to the global hospitality industry, generating $319.31 million in revenue. The company's operations span North America, Europe, the Asia-Pacific, and India. Agilysys, wi...

This article first appeared on GuruFocus. Rocket and satellite stocks rallied in premarket trading Tuesday after SpaceX publicly filed for an initial public offering that could become the largest ever. The proposed offering could value SpaceX at as much as $2 trillion, with the company seeking to raise at least $75 billion. The filing also detailed a super-voting share structure that would allow Elon Musk, Tesla's (NASDAQ:TSLA) co-founder, to maintain control of the company. Momentum spread across the sector following the filing. Momentus (NASDAQ:MNTS) surged 31%, while Redwire (NYSE:RDW) climbed 15% and MDA Space (MDA) gained 13%. Firefly Aerospace (NASDAQ:FLY), Voyager Technologies (VOYG) and Intuitive Machines (NASDAQ:LUNR) also moved higher in early trading. Other space-related names advanced as investors positioned for what could become a landmark public listing. York Space Systems (YSS), AST SpaceMobile (ASTS), Rocket Lab (NASDAQ:RKLB), Satellogic (NASDAQ:SATL) and EchoStar (NASDAQ:SATS) each posted gains ranging from about 4% to 8% before the opening bell.

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Tracy’s thinking about... The big story in markets right now is an almighty selloff in government bonds , particularly those issued by countries like the US, UK and Europe. Much of the selloff has been attributed to a pickup in inflation expectations as the Iran War and its associated oil shock continue to roll on. But there’s a strong argument to be made that what we’re seeing right now is something more secular, less ‘transitory’ and more about a substantial repricing of real rates. If that’s the case then it suggests that higher real rates may be here to stay for some time. There are two megatrends that matter here. The first is the AI buildout and the massive amount of capital that is being dedicated to it. The scale of capital being deployed into data centers, chips and related infrastructure is enormous and still accelerating. Not only is a huge chunk of the investment-grade corporate bond market tied to the AI buildout, it’s even starting to become a big component of the junk-rated market too. Importantly, this isn’t just a tech sector story — it is a broad capital demand story, sucking up financing from across the credit spectrum and competing directly with sovereign borrowers for funds. The second has to do with what I’ll call the chokepoint economy , or the idea that governments all over the world have become more attuned to economically-important shortages and the need to build up domestic capacity and resilience. The policy response is vis...

Small-cap stock Riot Platforms (NASDAQ: $RIOT ) is firing on all cylinders. The Bitcoin (CRYPTO: $BTC ) miner turned artificial intelligence (A.I.) data centre operator has seen its share price rise 84% this year. Currently, RIOT stock is trading at a 52-week high of $26.30 U.S. In the last 12 months, the shares have nearly tripled (up 185%). However, investors needn’t worry that they’ve missed the boat with Riot Platforms’ stock. Analysts say the shares have room to run as the company surfs the A.I. infrastructure wave. Wall Street brokerage Needham recently raised its price target on RIOT stock to $28.50 U.S. from $24 U.S. and reiterated s Buy rating on the shares. The upsurge in Riot Platforms’ stock has come after the company announced its intention to add A.I. data centres to its operations in addition to its core Bitcoin mining service. Like other cryptocurrency miners, Riot Platforms sees running A.I. data centres and high-performance computing (HPC) as more stable than producing Bitcoin, whose price is volatile. In January of this year, Riot Platforms launched it’s A.I. hosting business by securing chip giant Advanced Micro Devices (NASDAQ: $AMD ) as the first tenant at its Rockdale, Texas campus. AMD recently exercised an option to double its Rockdale footprint by 25 MW of energy, providing a huge boost of confidence to Riot Platforms and its stock. Riot, which controls a total of 1.7 gigawatts (GW) of power capacity at its Texas data centre facility says it is in the process of signing other technology companies as tenants. As a company, Riot Platforms is not yet profitable and it offers no dividend to shareholders. But with a market capitalization of $9.90 billion U.S., it remains a small-cap stock. RIOT stock could be a good way to capitalize on an eventual recovery in Bitcoin’s price and the A.I. infrastructure boom.

格隆汇5月27日｜据黎巴嫩电视台Al-Mayadeen：伊朗议会议长卡利巴夫的顾问表示，如果美国“玩文字游戏”，德黑兰将退出谈判。

The United States market has shown robust performance with a 1.2% climb in the last week and a remarkable 29% increase over the past year, alongside expectations for earnings to grow by 17% annually in the coming years. In this thriving environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business's operations and potential. Top 10 Growth Companies With High Insider Ownership In The United States Name Insider Ownership Earnings Growth Zscaler (ZS) 35.2% 49.9% Uxin (UXIN) 33.4% 74.1% Upstart Holdings (UPST) 13.2% 58.1% KVH Industries (KVHI) 16.3% 146.1% Karman Holdings (KRMN) 15.6% 52.6% EHang Holdings (EH) 30.1% 55.4% Corcept Therapeutics (CORT) 11.8% 48.7% Astera Labs (ALAB) 11.1% 31.5% AppLovin (APP) 27.4% 21.7% Abeona Therapeutics (ABEO) 16.7% 32.9% Click here to see the full list of 174 stocks from our Fast Growing US Companies With High Insider Ownership screener. Here's a peek at a few of the choices from the screener. Simply Wall St Growth Rating: ★★★★★☆ Overview: Clearfield, Inc. designs, manufactures, and distributes fiber management, protection, and delivery products both in the United States and internationally with a market cap of approximately $594.27 million. Operations: The company's revenue segment is primarily derived from its Clearfield division, which generated $148.55 million. Insider Ownership: 18.6% Clearfield, Inc., a company with high insider ownership, is positioned for substantial growth, with earnings forecasted to grow significantly faster than the US market. Recent partnerships like the one with VoltServer enhance its role in powering and connecting digital infrastructure. Despite recent financial setbacks, including a net loss in Q2 2026 and reduced profit margins compared to last year, Clearfield's innovative fiber solutions continue to drive efficiency gains and rapid deployment in challenging environments like the British Virgin Isla...

If you spent the first half of April scrambling to gather tax documents and rushing to schedule time with your accountant, you may now be making a mental note to do things differently in 2027. But if you managed to get your taxes filed on time and were due a refund, there's a good chance that money has hit your bank account by now. You may be wondering what the average 2026 tax refund looks like now that we're more than a month beyond the filing deadline. Here's what the IRS reports. The average tax refund is much higher this year than last As of May 8, the average 2026 tax refund was $3,276. That's an 11.5% increase from last year, when the typical refund was $2,939. The One Big Beautiful Bill Act was a contributing factor to higher refunds in 2026. The bill included a number of tax changes that clearly put a lot of money back in taxpayers' pockets. If you're sitting on a tax refund, it's important to put that money to good use -- whether your refund is smaller than the average, greater than it, or on par with it. Here's how. 1. Boost your emergency savings Saving for retirement is important. But if you don't have cash in a savings account to cover three to six months of bills in the event of a layoff, you're putting your near-term finances at risk. If you don't have an emergency fund, stick your tax refund into a high-yield savings account. That way, you can earn some interest while that money serves as your safety net. 2. Save and invest for retirement If you have money earmarked for an emergency fund, another great thing to do with your refund is use it to boost IRA or 401(k) contributions. And if you're already on track to max out your retirement account this year, put the money into a taxable brokerage account and invest it there. It's actually important to have some investments in a taxable account in case you end up retiring early or want more flexibility with your money. IRAs and 401(k)s are great, but they come with restrictions that could interfere with y...

Source: Bloomberg, 5:58