July arabica coffee (KCN26 ) on Monday closed down -0.60 (-0.24%), and July ICE robusta coffee (RMN26 ) closed up +17 (+0.51%). Coffee prices settled mixed on Monday. The ongoing harvest in Brazil is weighing on coffee prices. Weakness in the Brazilian real (^USDBRL ) is also negative for coffee...
July arabica coffee (KCN26 ) on Monday closed down -0.60 (-0.24%), and July ICE robusta coffee (RMN26 ) closed up +17 (+0.51%). Coffee prices settled mixed on Monday. The ongoing harvest in Brazil is weighing on coffee prices. Weakness in the Brazilian real (^USDBRL ) is also negative for coffee...
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Procuream Co-Founder & CEO Andrew Chanin, Life + Liberty Indexes Founder Perth Tolle, and DoubleLine Portfolio Manager Morris Chen. (Source: Bloomberg)
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Procuream Co-Founder & CEO Andrew Chanin, Life + Liberty Indexes Founder Perth Tolle, and DoubleLine Portfolio Manager Morris Chen. (Source: Bloomberg)
In trading on Monday, shares of Brady Corp (Symbol: BRC) crossed below their 200 day moving average of $81.67, changing hands as low as $73.21 per share. Brady Corp shares are currently trading down about 15.1% on the day. The chart below shows the one year performance of BRC
In trading on Monday, shares of Brady Corp (Symbol: BRC) crossed below their 200 day moving average of $81.67, changing hands as low as $73.21 per share. Brady Corp shares are currently trading down about 15.1% on the day. The chart below shows the one year performance of BRC
Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new study by Columbia Business School researchers. The finding, in a paper posted online this month and not yet peer-reviewed, adds to concerns about perils lurking in the US life insurance industry. Car...
Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new study by Columbia Business School researchers. The finding, in a paper posted online this month and not yet peer-reviewed, adds to concerns about perils lurking in the US life insurance industry. Carriers are piling up bets on private credit, fueling a bonanza for the financiers who create the products, while leading regulators and analysts to warn of potential risks for policyholders. The study focuses on so-called private-letter ratings, which aren’t widely disseminated the way traditional public ratings are. Assets bearing a private rating are about twice as likely to incur a credit loss as debt assigned the same grade in a public rating, according to the paper from Xuelin Li, Sangmin S. Oh and Giacomo Ricciardi. The unexpectedly high loss rates — while below 1% — were in relatively benign years. Put differently, private ratings are two to three notches higher than public ratings with the same underlying impairment risk, the researchers found. That means a bond with a private BBB rating, one of the lowest investment grades, is about as likely to suffer a loss as one with a public rating of BB+ or BB, which is below investment grade. “For many, many years we have taken this credit rating system as a given,” said Oh, an assistant professor at Columbia, in an interview. “A lot of regulation and investor decisions depend on the credit-rating system being accurate when it comes to measuring and assessing risks.” Most private ratings used by life insurers come from three ratings firms: Egan-Jones Ratings Co. , Kroll Bond Rating Agency and Morningstar DBRS . The data used in the study doesn’t identify which firms rated credits that suffered losses. KBRA and Morningstar said they apply the same standards and methods for ratings whether they’re public or private, and that bo...
Amazon.com Inc. was relieved of a government deadline to have half of its planned satellite constellation up and running by next month, delaying the risk that regulators might suddenly curb the broadband internet operation. The Federal Communications Commission said it would not hold Amazon to a requirement that it have half of its originally planned 3,232 satellites in orbit by the end of July. T...
Amazon.com Inc. was relieved of a government deadline to have half of its planned satellite constellation up and running by next month, delaying the risk that regulators might suddenly curb the broadband internet operation. The Federal Communications Commission said it would not hold Amazon to a requirement that it have half of its originally planned 3,232 satellites in orbit by the end of July. The company still has to have that full constellation up and running by July 2029. By removing the interim threshold, “we are encouraging future developments in Amazon Leo’s service and furthering American leadership in space,” the FCC said in an order, dated Friday. Amazon in January asked the agency, which regulates broadcasts from space, to waive this summer’s interim deadline to have more than 1,600 satellites in orbit, citing a shortage of rockets to launch them. That shortage grew more severe last month when a Blue Origin rocket that was supposed to ferry dozens of Amazon-built satellites to orbit exploded during testing on the launchpad, raising the prospect of further delays for the Jeff Bezos -owned company’s New Glenn line of rockets. Amazon Leo competes with the fast-growing Starlink satellite-internet service, which is owned by Elon Musk -led SpaceX and is a key pillar of that company’s growth plans as it prepares for a public listing later this week. A United Launch Alliance rocket took 29 Leo satellites to orbit last month, bringing the total deployed to 331. Amazon said in its appeal to the FCC that it had hundreds more in storage. The company also says it reached a goal of producing five satellites a day at its manufacturing facility, before throttling back to match the pace at which rockets were arriving. Amazon’s satellite initiative, formerly called Project Kuiper , is in beta testing with commercial customers, ahead of the planned start of widespread service later this year. The FCC order also requires Amazon to bear the burden of making sure its satellit...
Key PointsPine Valley acquired 1,133,505 shares of Harley-Davidson, with an estimated transaction value of $22.22 million based on quarterly average pricing.
Key PointsPine Valley acquired 1,133,505 shares of Harley-Davidson, with an estimated transaction value of $22.22 million based on quarterly average pricing.
In trading on Monday, shares of the VanEck Agribusiness ETF (Symbol: MOO) crossed below their 200 day moving average of $77.85, changing hands as low as $77.75 per share. VanEck Agribusiness shares are currently trading down about 1.1% on the day. The chart below shows the one
In trading on Monday, shares of the VanEck Agribusiness ETF (Symbol: MOO) crossed below their 200 day moving average of $77.85, changing hands as low as $77.75 per share. VanEck Agribusiness shares are currently trading down about 1.1% on the day. The chart below shows the one
In trading on Monday, shares of the VanEck Environmental Services ETF (Symbol: EVX) crossed below their 200 day moving average of $39.30, changing hands as low as $39.01 per share. VanEck Environmental Services shares are currently trading off about 0.6% on the day. The chart
In trading on Monday, shares of the VanEck Environmental Services ETF (Symbol: EVX) crossed below their 200 day moving average of $39.30, changing hands as low as $39.01 per share. VanEck Environmental Services shares are currently trading off about 0.6% on the day. The chart
In trading on Monday, shares of the Invesco S&P 500 Equal Weight Utilities ETF (Symbol: RSPU) crossed below their 200 day moving average of $78.13, changing hands as low as $77.71 per share. Invesco S&P 500 Equal Weight Utilities shares are currently trading down about
In trading on Monday, shares of the Invesco S&P 500 Equal Weight Utilities ETF (Symbol: RSPU) crossed below their 200 day moving average of $78.13, changing hands as low as $77.71 per share. Invesco S&P 500 Equal Weight Utilities shares are currently trading down about
blinow61/iStock Editorial via Getty Images Shell's ( SHEL ) oil reserves have dropped to their lowest levels since 2013. Scarier yet, this is not a Shell-specific issue, but rather something that is rippling through the entire industry, according to oilprice.com : British Oil and Gas giant Shell Plc. [NYSE:SHEL] needs an exploration breakthrough or a big merger after its oil reserves fell to the l...
blinow61/iStock Editorial via Getty Images Shell's ( SHEL ) oil reserves have dropped to their lowest levels since 2013. Scarier yet, this is not a Shell-specific issue, but rather something that is rippling through the entire industry, according to oilprice.com : British Oil and Gas giant Shell Plc. [NYSE:SHEL] needs an exploration breakthrough or a big merger after its oil reserves fell to the lowest levels since 2013, exposing the company to a production shortfall in less than a decade. This is troubling news across the board, and it was something that really stuck out to me as I began to examine Shell's share price and the health of the company. What I saw was a large-scale problem that was the last thing the company needed right now. When these industry-wide issues get stacked on top of what I see as plenty of internal concerns, I believe that the best option for investors right now is to sell the stock. Let's get into how I came to that conclusion. The Company's Q1 2026 Earnings Report Leaves Much To Be Desired Shell's stock is up a considerable amount in the last year, but I don't think that those gains will hold based on the results out of the first quarter: Data by YCharts The Q1 2026 results showed that the company produced revenues of $69.69B, a 0.66% YoY increase, but a $10.66B miss compared to analysts' expectations. So, revenues were essentially flat, and that was significantly below what analysts had projected for the company. That isn't exactly the vote of confidence that I am looking for when recommending a stock. If anything, this kind of result heightens my concern about the company's overall health. Gas Production Has Been Disrupted by the War in the Middle East Shell has already faced direct impacts from the war in the Middle East, according to its Q1 2026 report. In particular, damage to the company's Pearl GTL operations in Qatar has been a drag on its ability to produce at its typical volumes. Speaking during the earnings call , Sinead Gorman...
Former Trump lawyer, acting in the role since April, faces Senate confirmation after controversial DoJ moves Sign up for the Breaking News US newsletter email Donald Trump has nominated Todd Blanche to serve permanently as attorney general, lining up his former personal lawyer to be the country’s top law enforcement officer. The US president suggested earlier this week that Blanche, who was app...
Former Trump lawyer, acting in the role since April, faces Senate confirmation after controversial DoJ moves Sign up for the Breaking News US newsletter email Donald Trump has nominated Todd Blanche to serve permanently as attorney general, lining up his former personal lawyer to be the country’s top law enforcement officer. The US president suggested earlier this week that Blanche, who was appointed on an acting basis in April after the president fired Pam Bondi , was set to receive the nod. “He’s a very talented guy,” Trump told a podcast. Continue reading...
Venezuela’s economy is poised for an influx of foreign investment that could support higher bond prices, according to a Wall Street analyst who visited the country last week. After meetings in Caracas, Jefferies Financial Group Inc. strategist Javier Kulesz said he expects a “stream of announcements” on agreements in critical sectors to be followed by investment inflows, primarily in oil, mining a...
Venezuela’s economy is poised for an influx of foreign investment that could support higher bond prices, according to a Wall Street analyst who visited the country last week. After meetings in Caracas, Jefferies Financial Group Inc. strategist Javier Kulesz said he expects a “stream of announcements” on agreements in critical sectors to be followed by investment inflows, primarily in oil, mining and electricity. Those deals should shore up economic growth and leave the government with more hard currency to repay bondholders. The bank’s fair-value estimates — of 53.5 cents on the dollar for government bonds and 47.9 cents for Petroleos de Venezuela SA — represents a premium to current market prices. Venezuelan debt, which has lingered in default for the better part of a decade, has rallied some 60% this year on the prospect of a debt restructuring. “The insights gained during the trip have increased our conviction that risks to our valuations are now more skewed to the upside rather than the downside,” Kulesz wrote in a note Monday. “The rush to buy Venezuela and PDVSA bonds that we’ve witnessed in our market is also playing out in the real economy.” Jefferies is among the first US banks to send analysts to Caracas after Washington rekindled diplomatic relations with the country following the ouster of President Nicolas Maduro. The trip, first reported by Bloomberg on Thursday, didn’t include clients and aimed to reestablish contacts, gain perspective on the ground and prepare future investor trips, according to the note. Already, more greenbacks are opening the door for investment and consumption in Venezuela, he wrote. Dollars going into the foreign-exchange market add up to $1.5 billion per month, more than eight-fold the figure for December, according to the note. The government of Acting President Delcy Rodriguez announced the hiring of legal and financial advisers in recent weeks and pledged to release a debt sustainability analysis this month. While that asses...
Don Wu/E+ via Getty Images Small-cap equities have historically offered investors attractive long-term return potential; however, identifying the most attractive opportunities can be difficult given the breadth of the small-cap ETF universe and wide variation in underlying fundamentals. The Pacer US Small Cap Cash Cows ETF ( CALF ) seeks to address this problem by emphasizing companies with high f...
Don Wu/E+ via Getty Images Small-cap equities have historically offered investors attractive long-term return potential; however, identifying the most attractive opportunities can be difficult given the breadth of the small-cap ETF universe and wide variation in underlying fundamentals. The Pacer US Small Cap Cash Cows ETF ( CALF ) seeks to address this problem by emphasizing companies with high free cash flow, prioritizing financially robust businesses. I currently assign a "Hold" rating to CALF. The fund’s free cash flow approach produces a differentiated portfolio with an attractive valuation profile and meaningful exposure to technology and consumer cyclical sectors. While CALF’s underlying index has recently undergone a strategy change, broadening its eligible universe beyond the S&P SmallCap 600, we have yet to see if the updated process translates into meaningful long-term returns/risk-adjusted performance. I think relative outperformance to funds like the Vanguard Small-Cap Index Fund ( VB ) can continue throughout 2026, but given the fund’s higher expense ratio and the limited track record of the index’s new selection universe, I remain cautious. For these reasons, I think CALF may serve as a complementary allocation but is unlikely to replace lower-cost core small-cap holdings. Fund Overview The Pacer US Small Cap Cash Cows ETF “aims to provide capital appreciation over time by screening the S&P US SmallCap (Index) for the top 200 small-cap companies based on free cash flow yield” ( fund website ). In doing so, the fund exhibits a strong tilt to value, with the majority of its portfolio concentrated in small-cap value and blend. The fund specifically tracks the Pacer US Small Cap Cash Cows Index. With an inception date of June 16 th , 2017, investors have nearly a decade of performance data to consider. As of June 7 th , 2026, the fund has $3.47 billion in AUM. The fund is rebalanced quarterly in March, June, September, and December and has a recent annual...
Acting U.S. Attorney General Todd Blanche arrives to speak during a news conference at the Robert F. Kennedy Department of Justice building on April 07, 2026 in Washington, DC. Chip Somodevilla | Getty Images President Donald Trump on Monday nominated Todd Blanche as attorney general, a position that he has held in an acting capacity for more than two months. Trump had said he would ask the Senate...
Acting U.S. Attorney General Todd Blanche arrives to speak during a news conference at the Robert F. Kennedy Department of Justice building on April 07, 2026 in Washington, DC. Chip Somodevilla | Getty Images President Donald Trump on Monday nominated Todd Blanche as attorney general, a position that he has held in an acting capacity for more than two months. Trump had said he would ask the Senate to confirm Blanche as attorney general to succeed Pam Bondi , whom the president fired on April 2. The nomination comes weeks after Blanche had the Justice Department give Trump, his family members, and the Trump Organization immunity from prosecution or enforcement actions by the Internal Revenue Service in connection with tax returns filed before a controversial settlement of Trump's $10 billion lawsuit against the IRS. Blanche, who is currently the deputy attorney general, previously served as a criminal defense lawyer for Trump when the president was out of office from January 2021 through January 2025. Since being named in the acting capacity, Blanche has faced strong criticism from senators, including some Republicans , whose support he will need to win confirmation. Those lawmakers and good-government advocacy groups, have blasted Blanche for authorizing the Justice Department's creation of a so-called Anti-Weaponization Fund as part of the settlement of Trump's lawsuit against the IRS. The $1.8 billion fund was designed to compensate purported victims of prosecutorial overreach by the Justice Department during the Biden administration. Acting U.S. Attorney General Todd Blanche prepares to testify during a House Committee on Appropriations, Subcommittee on Commerce, Justice, Science, and Related Agencies hearing in the Rayburn House Office Building on June 2, 2026 in Washington, DC. Andrew Harnik | Getty Images Critics of the fund said it could pay people who were convicted of assaulting police officers and other crimes during the Jan. 6 , 2021, invasion of the U.S....