Oil steadied at the end of a bumpy week as traders assessed the risk to flows from a flare-up in fighting between Iran and the US. West Texas Intermediate traded near $72 a barrel, after slumping by almost 2% on Thursday, as Brent ended above $76. Following a spate of attacks on vessels in the Strait of Hormuz, US forces struck targets in the Islamic Republic over two days, prompting retaliatory s...
Oil steadied at the end of a bumpy week as traders assessed the risk to flows from a flare-up in fighting between Iran and the US. West Texas Intermediate traded near $72 a barrel, after slumping by almost 2% on Thursday, as Brent ended above $76. Following a spate of attacks on vessels in the Strait of Hormuz, US forces struck targets in the Islamic Republic over two days, prompting retaliatory strikes by Tehran on American bases in the region. Still, the two sides stopped short of a return to all-out war. US Central Command said “Iran does not control the Strait of Hormuz ,” according to a post on X. Since May, American forces helped more than 800 vessels transit the waterway, it added. The conduit links Persian Gulf producers to global markets, and its status has been contested by Tehran and Washington. Oil remains higher for the week, with signs that observed transits through Hormuz have been slowed by the hostilities. Traders will be on alert for any resumption of talks between Washington and Tehran following the conclusion of the funeral of Iran’s slain Supreme Leader, Ayatollah Ali Khamenei. To get Bloomberg’s Energy Daily newsletter in your inbox, click here .
The former roommate of Tyler Robinson, who is accused of assassinating conservative activist Charlie Kirk, told prosecutors that Robinson expressed regret a day after the killing and planned to hand himself over to police, according to a video interview played in court on Thursday. The recorded interview with Robinson’s former roommate and romantic partner, Lance Twiggs, was presented as prosecuto...
The former roommate of Tyler Robinson, who is accused of assassinating conservative activist Charlie Kirk, told prosecutors that Robinson expressed regret a day after the killing and planned to hand himself over to police, according to a video interview played in court on Thursday. The recorded interview with Robinson’s former roommate and romantic partner, Lance Twiggs, was presented as prosecutors tried to convince a Utah judge they have sufficient evidence against Robinson to warrant a trial...
OpenAI is sunsetting its AI-powered browser after less than a year. But it's moving some agentic browsing features to its desktop app and a Chrome extension.
OpenAI is sunsetting its AI-powered browser after less than a year. But it's moving some agentic browsing features to its desktop app and a Chrome extension.
Pla2na/iStock via Getty Images The Bullish Outlook For Healthcare REITs With all eyes on AI stocks, Mr. Market seems to be blind to the fact that the healthcare industry is emerging from one of its toughest periods, while powerful long-term tailwinds are setting up the entire industry for future outperformance. COVID-19 had a huge impact on the healthcare industry. Demand for hospital care surged,...
Pla2na/iStock via Getty Images The Bullish Outlook For Healthcare REITs With all eyes on AI stocks, Mr. Market seems to be blind to the fact that the healthcare industry is emerging from one of its toughest periods, while powerful long-term tailwinds are setting up the entire industry for future outperformance. COVID-19 had a huge impact on the healthcare industry. Demand for hospital care surged, pushing healthcare systems way beyond their normal capacity. This unexpected increase in patient volumes made labor shortages even worse and at a rapid pace. As a consequence, hospitals struggled to recruit and retain enough healthcare professionals. In a labor-intensive industry, the combination of rapidly increasing demand and lack of supply pushes wages much higher. Reimbursement rates didn't compensate for the rise in labor costs, making it way harder for the healthcare industry to keep their financials in check. For healthcare REITs like Medical Properties Trust ( MPT ) and Chiron Real Estate ( XRN ) that own healthcare properties (more on this later on), the impact of inflation and therefore rapidly rising interest rates had a huge impact on interest expenses due to refinancing rates going way up. As a consequence (and many more, like the predatory impact of PE-firms that really hurt landlords like MPT), both REITs experienced a sharp decline in their share price: Seeking Alpha charting REITs sometimes (have to) sell or re-lease assets in order to clean up the balance sheet or fill vacant space after a tenant default. Many followers of MPT know that this was the case for them as well. The share price has the tendency to fall (a lot) further compared to what should be reasonable. When you look at the historical valuation of a REIT, it makes sense to look at the P/E ratio of a firm. With REITs, we use the P/FFO (funds from operations) multiple to see how the market has historically valued a REIT. Medical Properties Trust has filled hospitals previously leased to tenant...
JHVEPhoto Raytheon Technologies ( RTX ) announced that its Missiles and Defense business received a $101.98M undefinitized contract modification for engineering work to restart the MK 45 Capsule Launch System production line. The modification covers design updates, obsolescence mitigation, system integration, testing, and redesign of Eject Initiation Subsystems. The work is expected to be complete...
JHVEPhoto Raytheon Technologies ( RTX ) announced that its Missiles and Defense business received a $101.98M undefinitized contract modification for engineering work to restart the MK 45 Capsule Launch System production line. The modification covers design updates, obsolescence mitigation, system integration, testing, and redesign of Eject Initiation Subsystems. The work is expected to be completed by July 2030. Initial funding of $50.99M from Navy weapons procurement funds across FY2024–FY2026 will be obligated at the time of the award. The contract was awarded by Naval Air Systems Command. More on RTX Corporation RTX Corporation: The Valuation Expects More Growth RTX: Own A Piece Of Global Multipolar Peace RTX: Raytheon Powers Growth While Valuation Caps Returns Germany to buy U.S. Tomahawk missiles as Berlin builds long-range strike capability RTX’s Collins Aerospace fully launches Wolverhampton Engineering Center of Excellence
Ankur Crawford, Executive Vice President and Portfolio Manager at Alder, discusses the implications of Meta's AI strategy and its potential impact on the tech and cloud computing sectors. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
Ankur Crawford, Executive Vice President and Portfolio Manager at Alder, discusses the implications of Meta's AI strategy and its potential impact on the tech and cloud computing sectors. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
Morocco was no match for France, which lost 2-0. The French, one of the pre-tournament favorites, move on to the World Cup semifinals against either Spain or Belgium. (Image credit: Odd Andersen)
Morocco was no match for France, which lost 2-0. The French, one of the pre-tournament favorites, move on to the World Cup semifinals against either Spain or Belgium. (Image credit: Odd Andersen)
Phia, an advertising startup co-founded by Phoebe Gates, daughter of billionaire Microsoft Corp. co-founder Bill Gates , bills itself as a “personal shopping assistant” that helps users find the lowest prices on a broad range of clothes and fashion accessories. Download the Phia tool onto a web browser, use it while shopping and — voila — the so-called extension can quickly find discount codes for...
Phia, an advertising startup co-founded by Phoebe Gates, daughter of billionaire Microsoft Corp. co-founder Bill Gates , bills itself as a “personal shopping assistant” that helps users find the lowest prices on a broad range of clothes and fashion accessories. Download the Phia tool onto a web browser, use it while shopping and — voila — the so-called extension can quickly find discount codes for products. Businesses like these, known in industry parlance as affiliate marketing programs, typically collect a commission from retailers that make the resulting sale. But according to Ben Edelman, an independent researcher and consultant who studies affiliate marketing, as well as Capital One Shopping, which makes a competing browser extension, Phia is claiming credit for online sales it didn’t actually drive, in violation of many digital platforms’ policies. Bloomberg tested the Phia mobile browser extension across more than 50 websites and found that during the checkout process, Phia opened a background tab without user interaction and injected its own referral code that overrode legitimate referrals from other publishers. These findings were consistent with Capital One Shopping and Edelman’s independent testing and code review. Testing involved using the extension like a regular shopper and observing how it communicates with other sites and its own servers. “The most fundamental requirement in affiliate marketing is that commission is only paid if a user clicks,” said Edelman, who has spent decades exposing what he says are deceptive practices in digital advertising . Edelman spoke to Bloomberg after reviewing Phia’s code, which is public, and testing how the extension interacts with retailers’ websites and affiliate networks at Bloomberg’s request. “The rules don’t allow fake clicks, simulated clicks, imaginary clicks or hypothetical clicks. Only a real click will do.” Capital One Shopping, a discount shopping tool previously known as Wikibuy that was bought by Capit...
Major earnings expected before the bell on Friday include: Delta Air Lines ( DAL ) MTY Food Group ( MTYFF ) For Seeking Alpha's full earnings season calendar, click here .
Major earnings expected before the bell on Friday include: Delta Air Lines ( DAL ) MTY Food Group ( MTYFF ) For Seeking Alpha's full earnings season calendar, click here .
Cheng Chi Fung, the chief technology officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO) , sold 31,290 ordinary shares on July 7 and July 8, according to an SEC Form 4 filing . Credo Technology Group is a specialized semiconductor company. The company's competitive advantage derives from its proprietary serializer/deserializer (SerDes) technology platform, which addresses the critical infr...
Cheng Chi Fung, the chief technology officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO) , sold 31,290 ordinary shares on July 7 and July 8, according to an SEC Form 4 filing . Credo Technology Group is a specialized semiconductor company. The company's competitive advantage derives from its proprietary serializer/deserializer (SerDes) technology platform, which addresses the critical infrastructure demands of high-speed connectivity in modern data centers and telecommunications networks. Credo operates as a fabless semiconductor designer focused on delivering differentiated solutions for the rapidly expanding optical and electrical Ethernet markets. This sale ultimately looks like a rounding error for this billionaire executive. The shares moved under a 10b5-1 plan the family trust adopted back in September 2025, and 31,290 shares works out to roughly half a percent of a position still worth $1.56 billion. When a co-founder keeps more than 6 million shares after a 177% run, the signal is closer to conviction than caution. Cheng built the SerDes technology this company runs on, and his stake was never going anywhere fast. The results explain why. Revenue more than tripled to over $1.3 billion in fiscal 2026, and non-GAAP net income jumped more than fivefold to $662 million as AI data center buildouts soaked up Credo's connectivity products. CEO Bill Brennan called fiscal 2026 "another defining year for Credo," and guidance calls for $465 million to $475 million in revenue next quarter, another sequential step up from the fourth quarter's $437 million. For long-term investors, the insider activity here is noise. The real question is price: after a 177% gain, the stock bakes in years of near-flawless execution, and any wobble in AI capital spending would hit a name like this hard. Continue reading
As Super Typhoon Bavi churns towards Taiwan and eastern mainland China, they offer a chilling timely reminder that the world needs to brace for impending disasters as the climate system nears a tipping point. For Benjamin Horton, the newly minted recipient of the Asia Oceania Geosciences Society Axford Medal – the most prestigious honour in Asian climate and earth science – the world has entered a...
As Super Typhoon Bavi churns towards Taiwan and eastern mainland China, they offer a chilling timely reminder that the world needs to brace for impending disasters as the climate system nears a tipping point. For Benjamin Horton, the newly minted recipient of the Asia Oceania Geosciences Society Axford Medal – the most prestigious honour in Asian climate and earth science – the world has entered a period of volatility in which historical weather patterns are no longer a reliable guide to future...
Group accused of planning sniper and drone attack on Donald Trump’s UFC cage-fighting show in June Eight men were indicted on murder and terrorism conspiracy charges Thursday for their alleged roles in a thwarted drone and sniper attack on the UFC cage-fighting show staged at the White House in June. The indictment, returned in Ohio, charges all eight in two separate conspiracies, one to provide m...
Group accused of planning sniper and drone attack on Donald Trump’s UFC cage-fighting show in June Eight men were indicted on murder and terrorism conspiracy charges Thursday for their alleged roles in a thwarted drone and sniper attack on the UFC cage-fighting show staged at the White House in June. The indictment, returned in Ohio, charges all eight in two separate conspiracies, one to provide material support to terrorists and a second to commit murder on federal government territory and to murder a federal government official. Continue reading...
Palantir (NASDAQ: PLTR) is one of the most impressive AI companies in the market, but Wall Street's valuation spread shows how difficult it is to price the stock. The bullish case depends on growth, margins, and AI demand staying strong, while the risk comes from expectations that may already be extremely high. Stock prices used were the market prices of July 3, 2026. The video was published on Ju...
Palantir (NASDAQ: PLTR) is one of the most impressive AI companies in the market, but Wall Street's valuation spread shows how difficult it is to price the stock. The bullish case depends on growth, margins, and AI demand staying strong, while the risk comes from expectations that may already be extremely high. Stock prices used were the market prices of July 3, 2026. The video was published on July 8, 2026. Continue reading
You want to save for retirement, but finding the cash is tough. Even with a budget that minimizes discretionary spending, you still have bills to pay and more immediate financial goals to save for. All you can afford to spare is $100 per month. That might not seem like much, but it could go surprisingly far, depending on how you invest it. But whether it's enough to retire comfortably depends a lo...
You want to save for retirement, but finding the cash is tough. Even with a budget that minimizes discretionary spending, you still have bills to pay and more immediate financial goals to save for. All you can afford to spare is $100 per month. That might not seem like much, but it could go surprisingly far, depending on how you invest it. But whether it's enough to retire comfortably depends a lot on your lifestyle. Image source: Getty Images. Continue reading
This State Is Ground Zero For The "Explosive" Diarrhea Parasite As Cases Explode 400% Michigan is getting hit hardest in a fast-spreading nationwide outbreak of a stomach parasite, with cases exploding more than fourfold in a matter of days. The state saw infections skyrocket from 170 to 681 by Monday, the biggest single jump reported anywhere in the country, according to health officials. New Yor...
This State Is Ground Zero For The "Explosive" Diarrhea Parasite As Cases Explode 400% Michigan is getting hit hardest in a fast-spreading nationwide outbreak of a stomach parasite, with cases exploding more than fourfold in a matter of days. The state saw infections skyrocket from 170 to 681 by Monday, the biggest single jump reported anywhere in the country, according to health officials. New York has logged 120 cases since May 1, a state official told The Post, while Texas has confirmed 48 cases as of Monday. Illinois has also seen a sharp rise, with reports ranging from 11 to 80 cases through mid-June, according to CDC data. Michigan health authorities, who are investigating what they call a "large and growing outbreak," now put the state's count at roughly 700 as of Monday - about 13 to 14 times Michigan's typical annual total of 40 to 50 cases. Dr. Natasha Bagdasarian, the state's chief medical executive, said the cases are concentrated in eight southeast Michigan counties: Monroe, Lenawee, Washtenaw, Wayne, Shiawassee, Jackson, Oakland, and Livingston. Federal officials have urged caution about linking the spikes together. The Centers for Disease Control and Prevention said there is "no evidence of a single, multistate Cyclospora outbreak linking cases" being reported now, and the Food and Drug Administration said it was "not in a position at this time to characterize the current numbers as definitively unusual" while its investigation continues. Nationally, the CDC counted 145 cases across 17 states between May 1 and June 16 - a tally that excludes Michigan's surge - with 20 hospitalizations and no deaths, in patients ranging in age from 5 to 86. Ohio, not among the states the outbreak was first reported in, has separately confirmed at least 177 cases this year. Many people who catch the parasite - called cyclosporiasis - show no symptoms at all. But for those who do, it's brutal. Those who catch the parasite experience watery, "explosive" diarrhea that can l...