Activist investor Edward P. Garden, now a member of the Board of Directors for Fortune Brands Innovations (FBIN +1.99%), reported the acquisition of 57,400 shares of Common Stock at a weighted average price of $34.89 per share on May 20, 2026, according to a SEC Form 4 filing. Transaction summary Metric Value Shares traded 57,400 Transaction value ~$2 million Post-transaction shares (indirect) 3,6...
Activist investor Edward P. Garden, now a member of the Board of Directors for Fortune Brands Innovations (FBIN +1.99%), reported the acquisition of 57,400 shares of Common Stock at a weighted average price of $34.89 per share on May 20, 2026, according to a SEC Form 4 filing. Transaction summary Metric Value Shares traded 57,400 Transaction value ~$2 million Post-transaction shares (indirect) 3,624,932 Transaction value based on SEC Form 4 weighted average purchase price ($34.89). Key questions How does this purchase relate to Edward P. Garden's overall ownership structure? Garden's entire Common Stock position is now held indirectly through GI SPV II L.P. and Green 73 LLC, maintaining exposure without any directly held shares noted in the filing. Garden's entire Common Stock position is now held indirectly through GI SPV II L.P. and Green 73 LLC, maintaining exposure without any directly held shares noted in the filing. What is the proportional impact of this transaction on Garden's holdings? The 57,400 shares acquired represent 1.6% of his holdings as of the filing date. The 57,400 shares acquired represent 1.6% of his holdings as of the filing date. Is there any indication of a change in transaction cadence or size? There is insufficient historical data on prior purchases or sales to establish a trend, but the timing and size reflect a portfolio adjustment rather than a shift in strategy. There is insufficient historical data on prior purchases or sales to establish a trend, but the timing and size reflect a portfolio adjustment rather than a shift in strategy. How does the transaction price compare to recent market levels? The purchase was executed at a weighted average price of $34.89 per share, which is approximately 7.3% below the market price of $38.40 as of May 26, 2026. Company overview Metric Value Revenue (TTM) $4.44 billion Net income (TTM) $271.60 million Dividend yield 2.76% 1-year price change -33.80% * 1-year performance calculated using May 20th, ...
Now in residence at the Madrid Prado, the author talks about its dark, inspirational Goyas, the clandestine nature of her writing – and why she finally wrote about her jailed then posthumously exonerated father It is a bright, chilly spring morning in Madrid, and the Museo del Prado doesn’t open to the public for another hour. Without the crowds, the museum is amorphous and eerily silent. A pale l...
Now in residence at the Madrid Prado, the author talks about its dark, inspirational Goyas, the clandestine nature of her writing – and why she finally wrote about her jailed then posthumously exonerated father It is a bright, chilly spring morning in Madrid, and the Museo del Prado doesn’t open to the public for another hour. Without the crowds, the museum is amorphous and eerily silent. A pale light pools in the corners and casts long shadows around the paintings, as if the figures inside them have slipped quietly into the room. It is here that I meet the French-Moroccan writer Leïla Slimani, who has spent the past two weeks using the space as inspiration for her work. With quick strides, Slimani leads us to a basement gallery housing some of her favourite works: Francisco Goya’s dark and haunting Black Paintings, created later in life when the Spanish artist had adopted a particularly bleak outlook on humanity. Among them are Saturn Devouring His Son, a violent depiction of the god biting into his own child; The Fates, with its three ominous figures spinning the thread of life; and Witches’ Sabbath (The Great He-Goat), in which the devil appears as a goat presiding over a coven. Continue reading...
In July 2024, a European Union law came into force requiring plastic bottle caps to remain attached to their bottles. The regulation was widely mocked by social-media jokesters and Silicon Valley billionaires alike. This, people said, was Brussels at its worst: bureaucrats micromanaging, treating citizens like children who couldn’t be trusted to recycle a cap. What went almost entirely unreported ...
In July 2024, a European Union law came into force requiring plastic bottle caps to remain attached to their bottles. The regulation was widely mocked by social-media jokesters and Silicon Valley billionaires alike. This, people said, was Brussels at its worst: bureaucrats micromanaging, treating citizens like children who couldn’t be trusted to recycle a cap. What went almost entirely unreported was the evidence behind it. Plastic bottle caps have been identified, across decades of coastal cleanup data, as among the top items found littering European beaches. Small, light and made from a different plastic than the bottle itself, the caps float independently once separated, travelling far longer distances than the bottles they came from. They are far more likely to be swallowed by seabirds, fish and marine turtles who mistake them for food. Now consider what happened next. After lobbying against the rule, some of the world’s largest beverage companies redesigned their caps and adapted. But companies such as Coca-Cola also did something revealing: while they trumpeted the design of the new caps as a sign of their unwavering commitment to sustainability, they maintained the detachable ones virtually everywhere else. Not because the physics of plastic pollution differ across continents, but because no other country, be it the US or in Asia, has passed a national law requiring the change. The bottle cap story is a parable for a larger fight playing out at the highest levels of European politics. One side claims that EU rules are the problem: a self-imposed burden of standards on business that slow Europe down while the US and China race ahead. The other says those rules are not a handicap but a source of power, the only instrument a continent without a single government possesses to shape its own economic future while protecting its people and the planet. At present, the first camp is winning. The political coalition behind it is broad, stretching from Brussels to Berli...
When your heart is breaking, and you are leaving the home where you and your ex were once so happy, it is hard to fight for the sofa you spent a fortune on. Then you find yourself in an empty flat, with nothing to sit on When wandering around Ikea arm-in-arm, most newly cohabiting couples are too excited about their new sofa, or Billy bookcase, or the enormous house plant they are about to wrestle...
When your heart is breaking, and you are leaving the home where you and your ex were once so happy, it is hard to fight for the sofa you spent a fortune on. Then you find yourself in an empty flat, with nothing to sit on When wandering around Ikea arm-in-arm, most newly cohabiting couples are too excited about their new sofa, or Billy bookcase, or the enormous house plant they are about to wrestle into an Uber, to think too deeply about what might happen to those items were their relationship to sour. But at a time when many young couples can’t afford to buy property or have children, furniture can end up being the only thing to fight over at the end of a relationship. And, as the cost of living rises, having to replace furniture after a breakup can have a huge impact on people’s finances. “It took me a couple of years to recover financially,” says Becca of her 2022 breakup. The 35-year-old, who is based in Leeds, had been in a relationship for about a year when her then-girlfriend invited her to move in to her house. At the time, Becca was renting her own flat, which was “amazing: big garden, really bright and lovely”, she says. But being what she describes as “young, stupid and in love”, she left that behind to move in with her partner. Becca reluctantly agreed to get rid of all the furniture she had bought for her flat, since her girlfriend didn’t want any of it in her place. Continue reading...
All smoke, shady dames and black and white cinematography, Marvel’s latest Spidey offering is fast, witty and confident As is increasingly, wearyingly, the case as the Marvel Cinematic Universe continues to expand/bloat/chase the dollar in an ever-more unseemly and less rewarding manner – delete according to taste – Prime Video’s new series, Spider-Noir, requires you to set aside some lore while r...
All smoke, shady dames and black and white cinematography, Marvel’s latest Spidey offering is fast, witty and confident As is increasingly, wearyingly, the case as the Marvel Cinematic Universe continues to expand/bloat/chase the dollar in an ever-more unseemly and less rewarding manner – delete according to taste – Prime Video’s new series, Spider-Noir, requires you to set aside some lore while retaining other bits. Thus I should point out that the arachno-inflected human being brought to you here is played by Nicolas Cage but is not the spider character that he played in 2018’s Spider-man: Into the Spiderverse, although he sounds a lot alike. That one was called Peter Parker, as is traditional. This one’s called Ben Reilly. Why you would still cast one of the most divisively idiosyncratic performers in modern cinematic history – who can no more be dissociated from any of his previous parts by the average human brain than the concept of sourness can be uncoupled from a lemon, sweetness from honey, or Nigel Farage’s face from that of a melting frog’s – is beyond me, but I guess … that’s Hollywood? As the title suggests, Spider-Noir has been conceived as a homage to the hard-boiled films and fictions of the 1940s. The whole thing was filmed in black and white and digitally colourised thereafter, so that viewers can choose in which form they want to watch it. I look forward to online wars breaking out over this issue, upon which I shall remain Switzerland. Except to say that the decision to colourise a noir homage was a craven one in the first place – never give the people what they want! – and the decision to watch such a version is worse. Continue reading...
To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: Thanks to the chips mania, Micron and SK Hynix join the trillionaire club. Driven entirely by semiconductors, the S&P 500 hits an all-time high . All this even though there’s still no deal to open the Strait of Hormuz. AI is also propping up emerging markets, which might need the support . AND: Jazz gr...
To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: Thanks to the chips mania, Micron and SK Hynix join the trillionaire club. Driven entirely by semiconductors, the S&P 500 hits an all-time high . All this even though there’s still no deal to open the Strait of Hormuz. AI is also propping up emerging markets, which might need the support . AND: Jazz great Sonny Rollins dies the day before Miles Davis ’ 100th birthday. A Rally for the Memory Banks Demand for silicon chips is sky-high, their supply is limited, and that means their share price has gone parabolic. That’s more or less all you need to know about why the S&P 500 has managed to finish at yet another record despite the worst consumer sentiment reading from the University of Michigan since its survey began in 1978. Micron Technology Inc., a long-established chipmaker, provided the greatest excitement with a 19.3% gain that put it into the now 10-strong club of US companies valued at more than $1 trillion. Hours later, the South Korean semiconductor manufacturer SK Hynix Inc. also passed the landmark, reached a few weeks ago by Samsung Electronics Co. The biggest chipmakers now surpass or rival Meta Platforms Inc., one of the leading hyperscaler tech groups: There appeared to be two catalysts for Micron’s rally Tuesday, both tied in with the critical drivers of the moment. First, there is Wall Street optimism. UBS announced that it was doubling its target for the company. If the bank is right, Micron will be worth about $1.8 trillion this time next year. And naturally, optimism like that from a major investment bank prompted many to buy. Second, there is an impulse from China in its bid to win what both the world’s economic superpowers seem to regard as the AI War. Huawei proclaimed a technical breakthrough in a process it calls Logic Folding, which Robert Lea of Bloomberg Intelligence can explain . While this is aimed at helping China make competitive semi-process...
watch now Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email CNBC Explains Why the UAE walked away from OPEC The United Arab Emirates’ decision to leave OPEC after nearly 60 years marks a major shift in the global oil order. Officially framed as an economic decision, the move reflects Abu Dhabi’s frustration with production limits, its pus...
watch now Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email CNBC Explains Why the UAE walked away from OPEC The United Arab Emirates’ decision to leave OPEC after nearly 60 years marks a major shift in the global oil order. Officially framed as an economic decision, the move reflects Abu Dhabi’s frustration with production limits, its push to monetize oil reserves and a changing energy market where non-OPEC+ producers are gaining influence. But the timing also points to deeper geopolitical forces: the Iran war, shifting Gulf alliances and Abu Dhabi’s closer alignment with the U.S. 11:34 an hour ago Gaelle Legrand
kyoshino/E+ via Getty Images 4:00 AM Lorie Logan Speaks Dallas Federal Reserve Bank President Lorie Logan participates in "Policy Panel Discussion 1: Monetary Policy and Imbalances" before the 2026 Monetary Policy from New Perspectives Conference hosted by the Bank of Japan Institute for Monetary and Economic Studies. 7:00 AM MBA Mortgage Applications The Mortgage Bankers' Association compiles var...
kyoshino/E+ via Getty Images 4:00 AM Lorie Logan Speaks Dallas Federal Reserve Bank President Lorie Logan participates in "Policy Panel Discussion 1: Monetary Policy and Imbalances" before the 2026 Monetary Policy from New Perspectives Conference hosted by the Bank of Japan Institute for Monetary and Economic Studies. 7:00 AM MBA Mortgage Applications The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. 10:00 AM Richmond Fed Manufacturing Index This survey tracks business conditions in the Richmond Fed's manufacturing sector. The consensus sees the index at 4.0 in May versus 3.0 in April. 11:00 AM Survey of Business Uncertainty The survey of business uncertainty is a panel survey measuring year-ahead expectations that US firms have about their own sales and employment growth. 11:30 AM 2-Yr FRN Note Auction An FRN, or floating rate note, is a security that has an interest payment that can change over time. 1:00 PM 5-Yr Note Auction Treasury notes are sold at regularly scheduled public auctions. The competitive bids at these auctions determine the interest rate paid on each Treasury note issue. 3:55 PM Lisa Cook Speaks Federal Reserve Board Governor Lisa Cook speaks on "AI, the Economy, and the Financial System" before the Stanford Institute for Economic Policy Research, or SIEPR, Policy Forum. 8:00 PM Philip Jefferson Speaks Federal Reserve Vice Chair Philip Jefferson participates in "Fireside Chat: Monetary Policy and Supply Shocks" before the 2026 Monetary Policy from New Perspectives Conference hosted by the Bank of Japan Institute for Monetary and Economic Studies. More on U.S. Markets Wall Street Brunch: The Last Core PCE Hurrah? A Final Path To Peace? Markets Weekly Outlook Treasury Yields Snapshot: May 22, 2026 Can the Fed beat inflation without crushing growth? Rising Treasury yields raise the risk of S&P 500 pullback, RBC Capital Markets says
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If you're just starting out and have $1,000 to invest, I'd stick with the stocks of well-known leading companies that still have a lot of growth left in the tank. You really want to understand the companies you're investing in, so buying stocks of companies whose products you see every day can be a smart move. As such, the two stocks I'd split $1,000 between are Amazon (AMZN 0.39%) and Apple (AAPL...
If you're just starting out and have $1,000 to invest, I'd stick with the stocks of well-known leading companies that still have a lot of growth left in the tank. You really want to understand the companies you're investing in, so buying stocks of companies whose products you see every day can be a smart move. As such, the two stocks I'd split $1,000 between are Amazon (AMZN 0.39%) and Apple (AAPL 0.24%). Let's dig a little deeper into these growth stocks to see why they look like good long-term buys. For a little over $1,000, you can buy two shares of each stock. Amazon: An e-commerce and cloud leader Expand NASDAQ : AMZN Amazon Today's Change ( -0.39 %) $ -1.03 Current Price $ 265.29 Key Data Points Market Cap $2.9T Day's Range $ 262.07 - $ 269.26 52wk Range $ 196.00 - $ 278.56 Volume 1.7M Avg Vol 45.2M Gross Margin 50.60 % If you're like my household, you probably have Amazon packages arriving at your doorstep frequently. Amazon is the largest e-commerce company in the world, and this business is still growing sales at a nice pace. However, from an investment standpoint, the most exciting thing about this business is actually what the company has been doing behind the scenes. Amazon is also the world's largest manufacturer and operator of robots. Together with the use of artificial intelligence (AI), the company is making its e-commerce business much more efficient. This, in turn, is leading the segment's profits to grow much faster than its revenue. This could be seen in the first quarter of 2026, when its North American operating income surged 43% on a 12% increase in sales. The company also has a fast-growing, high-margin sponsored ad business, which is contributing to this. In addition to being an e-commerce giant, Amazon is also the largest cloud computing company in the world. This is actually the company's largest business in terms of profitability. Its Amazon Web Services (AWS) segment has been riding the AI wave, with huge demand for compute and AI servi...
金鐘城巴上層座位插有六至七吋長鎅刀 乘客發現報警 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】金鐘有城巴座位間插有鎅刀，乘客發現後報警，事件中無人受傷。 鎅刀插在城巴上層右方最後排的雙人座位中間，刀片凸出。涉事...
金鐘城巴上層座位插有六至七吋長鎅刀 乘客發現報警 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】金鐘有城巴座位間插有鎅刀，乘客發現後報警，事件中無人受傷。 鎅刀插在城巴上層右方最後排的雙人座位中間，刀片凸出。涉事城巴事後停在金鐘道太古廣場對出。下午五時許，警方接獲巴士乘客報案，指上層座位間插有懷疑鎅刀，長約六至七吋。警員到場檢走鎅刀，案件列作求警調查。
Chinese aircraft carrier Liaoning and its strike group are holding a live-fire exercise in the Pacific east of the Philippines, following one of its longest deployments in the South China Sea. The People’s Liberation Army (PLA) Kuznetsov-class carrier, along with at least four escorts, was spotted on Monday about 880km (547 miles) southwest of Okinotorishima, Japan’s southernmost point, according ...
Chinese aircraft carrier Liaoning and its strike group are holding a live-fire exercise in the Pacific east of the Philippines, following one of its longest deployments in the South China Sea. The People’s Liberation Army (PLA) Kuznetsov-class carrier, along with at least four escorts, was spotted on Monday about 880km (547 miles) southwest of Okinotorishima, Japan’s southernmost point, according to a statement from the Japanese defence ministry. On Tuesday, carrier-based fighter aircraft and other assets were observed conducting take-off and landing exercises from the Liaoning, the statement added. Advertisement The first island chain , which runs along East Asia’s coastline from the Kuril Islands through Japan, Taiwan and the Philippines down to Borneo, marks the Chinese mainland’s near seas from the wider Pacific. The Qingdao-based Liaoning entered the South China Sea on April 20 to monitor the Balikatan joint military exercise between the United States, the Philippines and other allies which began that day. Commercial satellite photos showed that the Liaoning remained west of the Philippines for at least a few days after the exercise concluded on May 8.