Grupo Aeroportuario del Sureste, S.A.B. de C.V. reported May 2026 passenger traffic of 5.6M, down 1.6% year-over-year. Passenger traffic increased 6.6% in Colombia, while declining 4.2% in Mexico and 3.7% in Puerto Rico. Colombia's growth was driven by a 7.0% increase in domestic traffic and a 5.4% rise in international traffic. In Mexico, domestic passenger traffic grew 1.3%, but international tr...
Grupo Aeroportuario del Sureste, S.A.B. de C.V. reported May 2026 passenger traffic of 5.6M, down 1.6% year-over-year. Passenger traffic increased 6.6% in Colombia, while declining 4.2% in Mexico and 3.7% in Puerto Rico. Colombia's growth was driven by a 7.0% increase in domestic traffic and a 5.4% rise in international traffic. In Mexico, domestic passenger traffic grew 1.3%, but international traffic fell 10.0%, weighing on overall results. Puerto Rico saw a 4.4% decline in domestic traffic, partially offset by a 2.0% increase in international traffic. The overall traffic decline was primarily caused by weaker passenger volumes in Mexico, ASUR's largest market. Colombia remained the strongest-performing region in ASUR's portfolio during the month, continuing to deliver solid passenger growth. More on Grupo Aeroportuario Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) Q1 2026 Earnings Call Transcript Grupo Aeroportuario del Sureste: Despite New Risks, I Remain Bullish ASUR outlines 98% maximum tariff objective as Motiva deal targets Q2 close Grupo Aeroportuario Q1 2026 Earnings Preview Seeking Alpha’s Quant Rating on Grupo Aeroportuario
The entities transforming New York’s Penn Station are slated to learn how much federal money will be directed to the project in about six months, according to Peter Cipriano, chief executive officer of the Halmar-Skanska consortium, the renovation’s master developer. Cipriano and Andy Byford , special advisor to Amtrak’s board who is overseeing the rehabilitation, gave updates to reporters on Mond...
The entities transforming New York’s Penn Station are slated to learn how much federal money will be directed to the project in about six months, according to Peter Cipriano, chief executive officer of the Halmar-Skanska consortium, the renovation’s master developer. Cipriano and Andy Byford , special advisor to Amtrak’s board who is overseeing the rehabilitation, gave updates to reporters on Monday about the efforts to revamp the busiest rail hub in the western hemisphere. It will cost about $7 billion, and construction is expected to start by the end of 2027 and finish in six years. Byford said the project will ask for the maximum in terms of federal grants and loans. New York, New Jersey and New York City will also need to chip in, since their residents and commuter-rail lines will benefit from the rehabilitation, he said. “There are various sources from which we can apply,” he said. “So I’m looking for billions from the federal government to contribute to that capital stack.” The renovation involves adding train capacity, widening hallways, bringing in natural light and expanding the concourse. The hub serves more than 600,000 daily passengers on Amtrak , New Jersey Transit , the Long Island Rail Road and six subway lines. Amtrak, which owns the station, last month picked Halmar and Skanska , a co-venture called the Penn Transformation Partners, to serve as the master developer. Read More: Halmar-Skanska Lead Penn Station Rehabilitation Effort The Halmar-Skanska proposal keeps Madison Square Garden, home of the New York Knicks basketball team, above Penn Station. It also creates a new major entrance on Manhattan’s Eighth Avenue. The Federal Railroad Administration is studying whether the station can accommodate train service called “through running” that would allow New Jersey Transit to provide service east of Penn Station rather than disembarking all trains at the hub.
Sam Bankman-Fried 'Absolutely' Wants A Presidential Pardon From inside a federal prison cell, disgraced crypto mogul Sam Bankman-Fried is making a direct bid for a White House lifeline . In a phone interview with FOX Business , the former FTX founder said he "absolutely" wants a presidential pardon from President Donald Trump. "Absolutely. It would be obviously, you know, ultimately up to the pres...
Sam Bankman-Fried 'Absolutely' Wants A Presidential Pardon From inside a federal prison cell, disgraced crypto mogul Sam Bankman-Fried is making a direct bid for a White House lifeline . In a phone interview with FOX Business , the former FTX founder said he "absolutely" wants a presidential pardon from President Donald Trump. "Absolutely. It would be obviously, you know, ultimately up to the president, not up to me," he said. Bankman-Fried declined to confirm whether his family is currently lobbying the administration on his behalf, saying only, "I can't speak for them." In March 2024, Bankman-Fried was sentenced to 25 years in prison after being convicted on two counts of wire fraud and five counts of conspiracy . The court found that the November 2022 collapse of his crypto empire resulted in approximately $8 billion in losses for FTX customers, $1.7 billion for equity investors, and $1.3 billion for lenders to Alameda Research. Key Development Today: Bankman-Fried has formally submitted a presidential pardon application through the Department of Justice's Office of the Pardon Attorney. Bankman-Fried Defends His Case Despite his conviction, Bankman-Fried continued to argue that the prosecution was unjust, citing the recovery in cryptocurrency markets that has allowed the bankruptcy estate to repay customers more than they originally lost. "I didn't steal user funds either. Customers have been repaid now 170% or so on their deposits. It's one of the very few cases where the platform was over-collateralized, where customers were more than made whole. And yet there was, you know, not just a criminal investigation, but a prosecution. And, you know, dozens of years of sentence[s]. " -SBF He added that it is "a great disservice" to customers that it has taken three years for them to be repaid nearly twice what they had on the platform. Regrets Missing the AI Boom, Praises Musk When asked about his fear of missing out on major technological developments, SBF expressed f...
Jonathan Golub of Seaport Global Holdings says "earnings are absolutely on fire," and valuations are lower almost everywhere. He speaks on "Bloomberg The Close." (Source: Bloomberg)
Jonathan Golub of Seaport Global Holdings says "earnings are absolutely on fire," and valuations are lower almost everywhere. He speaks on "Bloomberg The Close." (Source: Bloomberg)
The artificial intelligence ( AIQ ) ( AIEQ ) buildout is creating opportunities across the market, not just within mega-cap technology stocks ( MGK ) ( XLK ), according to Charles Schwab’s chief investment strategist Liz Ann Sonders. Speaking in an interview with CNBC on Monday, Sonders emphasized that investors need to look beyond the traditional tech trade to understand the full scope of market ...
The artificial intelligence ( AIQ ) ( AIEQ ) buildout is creating opportunities across the market, not just within mega-cap technology stocks ( MGK ) ( XLK ), according to Charles Schwab’s chief investment strategist Liz Ann Sonders. Speaking in an interview with CNBC on Monday, Sonders emphasized that investors need to look beyond the traditional tech trade to understand the full scope of market dynamics. “I think this is a broader AI tech infrastructure build out that is not just accruing to the benefit of the large cap tech sector within the S&P ( SPY ),” she said. Sonders pointed to encouraging signs of market breadth, noting that the Russell 2000 ( IWM ) has been “handily outperforming” the S&P 500 ( SPY ), while equal-weight indexes ( RSP ) ( EUSA ) are running roughly in line with cap-weighted measures ( VOO ). She also observed a convergence between profitable and nonprofitable names within small caps ( IJR ). The strategist characterized recent market volatility ( VIX ) ( VIXX ) as healthy, helping to work off overbought conditions. She expects rotational trading patterns to persist, calling rotation itself “one of the momentum trades.” On monetary policy, Sonders indicated that rate cuts appear off the table for the Federal Reserve under new Chair Kevin Warsh, with markets pricing in approximately a 75% probability of a rate hike by year-end. “Given what we know now, I think the next move is more likely to be a hike than a cut,” she said. More on the Markets Markets Don't Like Good News Anymore AI Boom: Are More Equity Raises Coming? After A 40% Gain In 10 Weeks, Where Does The S&P Tech Index Go From Here? The chart AI bulls can't ignore Trump’s $100K H-1B visa fee blocked by judge
Smart Powerr ( CREG ) will effect a 1-for-10 reverse stock split of its outstanding common stock, par value $0.001 per share, effective June 16. The reverse stock split is primarily intended to bring the company into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq Capital Market. CREG -10.7% to $0.27. Source: Press Release More on China Recycling Energy ...
Smart Powerr ( CREG ) will effect a 1-for-10 reverse stock split of its outstanding common stock, par value $0.001 per share, effective June 16. The reverse stock split is primarily intended to bring the company into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq Capital Market. CREG -10.7% to $0.27. Source: Press Release More on China Recycling Energy Financial information for China Recycling Energy
Coca-Cola (NYSE:KO) is a stock built to be owned for decades, because its global brand moat, pricing power, and 63-going-on-64 year record of dividend hikes make it one of the few equities a retirement investor can hold without ever needing to watch the screen. For a portfolio designed to outlast careers, market cycles, and even ... 1 Plain-As-Day Dividend King to Buy and Never Sell That Has Incre...
Coca-Cola (NYSE:KO) is a stock built to be owned for decades, because its global brand moat, pricing power, and 63-going-on-64 year record of dividend hikes make it one of the few equities a retirement investor can hold without ever needing to watch the screen. For a portfolio designed to outlast careers, market cycles, and even ... 1 Plain-As-Day Dividend King to Buy and Never Sell That Has Increased Its Payout for 64 Consecutive Years
Artificial intelligence (AI) is changing at lightning speed and so is the market for it. It seems that AI models are becoming increasingly commoditized over time. That means the next big move is about which companies stand to benefit from applying AI to real-world applications, and it goes beyond apps like ChatGPT . Agentic AI could be the next phase of the AI era. You could think of AI agents as ...
Artificial intelligence (AI) is changing at lightning speed and so is the market for it. It seems that AI models are becoming increasingly commoditized over time. That means the next big move is about which companies stand to benefit from applying AI to real-world applications, and it goes beyond apps like ChatGPT . Agentic AI could be the next phase of the AI era. You could think of AI agents as digital workers who will steadily take on more of the jobs humans used to do. But using AI agents isn't as simple as flipping a switch and turning them on. There are numerous challenges to safely and effectively using AI agents, especially for enterprises. Here are three top software stocks primed to benefit from the adoption of agentic AI, with Wall Street targets pointing to gains as high as 107% from current prices. Continue reading
Corning stock surged Monday after the company inked a major data center deal with Amazon — the latest in a string of high-profile wins for the Club holding. Amazon said it will pay Corning billions of dollars for optical fiber in the coming years to support its growing data center footprint. The investment will allow Corning to expand production and create 1,000 new jobs at its North Carolina manu...
Corning stock surged Monday after the company inked a major data center deal with Amazon — the latest in a string of high-profile wins for the Club holding. Amazon said it will pay Corning billions of dollars for optical fiber in the coming years to support its growing data center footprint. The investment will allow Corning to expand production and create 1,000 new jobs at its North Carolina manufacturing facilities. Corning opened up 8.4% on the news. The stock settled down a bit, but still closed up more than 5%. Investors cheered the boost to Corning's biggest reporting segment, optical communications. Revenue for the division jumped 36% year over year last quarter as hyperscalers turned to Corning for its fiber-optic cabling and networking solutions, which are essential to the build-out of AI infrastructure and data centers. These hyperscalers include the likes of Meta Platforms, which disclosed a partnership with Corning back in January. Meta said it would spend up to $6 billion through 2030 for these fiber-optic cables in its artificial intelligence data centers. In late April, Corning also announced a supply agreement and $500 million investment from chipmaker Nvidia to bring more of its glass technology inside data centers. "Can I tell you, this is unbelievable?" Jim Cramer said last month after the Nvidia deal. "This is a different Corning. There's actual demand for it. The customers are real, and they are spectacular." During Corning's earnings call on April 28, CEO Wendell Weeks shared that, along with Meta, there were two other agreements with hyperscale customers that were "very significant." Details were light at the time, but Weeks told Jim Cramer a week later that each was worth more than Meta's up to $6 billion deal. "Probably the biggest commercial arrangement ever in my career we just entered into with Nvidia, and then these other two major ones are larger than the Meta deal that's been public on, and I'm sure some of those customers will want to...
Coinbase (NASDAQ: COIN) and Better Mortgage (NASDAQ: BETR) announced the first Fannie Mae-backed mortgage secured by Bitcoin (CRYPTO: BTC) and USD Coin (CRYPTO: USDC) in March. Instead of using cash for a down payment, homebuyers can leverage their Bitcoin or USDC holdings to secure a mortgage. Better claims that 41% of its pre-approved customers qualify for a mortgage based on credit and income, ...
Coinbase (NASDAQ: COIN) and Better Mortgage (NASDAQ: BETR) announced the first Fannie Mae-backed mortgage secured by Bitcoin (CRYPTO: BTC) and USD Coin (CRYPTO: USDC) in March. Instead of using cash for a down payment, homebuyers can leverage their Bitcoin or USDC holdings to secure a mortgage. Better claims that 41% of its pre-approved customers qualify for a mortgage based on credit and income, but lack the cash for a traditional down payment. Therefore, allowing younger homebuyers to use their digital assets as collateral could reduce that percentage. Image source: Getty Images. Continue reading
Gustavo Pimenta, CEO of Vale, says that conflict with Iran has not impacted global demand for metals from the top iron ore producer. Pimenta also discussed the impact of the war on its sites in Oman, saying that he remains optimistic about the facility's future despite having to shut down production during the conflict. (Source: Bloomberg)
Gustavo Pimenta, CEO of Vale, says that conflict with Iran has not impacted global demand for metals from the top iron ore producer. Pimenta also discussed the impact of the war on its sites in Oman, saying that he remains optimistic about the facility's future despite having to shut down production during the conflict. (Source: Bloomberg)
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.58%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.58%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...