At an undisclosed test site, a helicopter takes off, towing a kite-like array of massive coils. The system, called Airborne Transient Electromagnetic (Atem) detection, works by firing a powerful pulse of electricity through a giant transmitter coil. This creates a brief, strong electromagnetic field that penetrates the ground or water. When the pulse is turned off, the magnetic field induces tiny,...
At an undisclosed test site, a helicopter takes off, towing a kite-like array of massive coils. The system, called Airborne Transient Electromagnetic (Atem) detection, works by firing a powerful pulse of electricity through a giant transmitter coil. This creates a brief, strong electromagnetic field that penetrates the ground or water. When the pulse is turned off, the magnetic field induces tiny, decaying “eddy currents” in any conductive material it hits. These currents, in turn, create their...
watch now In this video BNY GS Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email Executive Decisions with Steve Sedgwick He left Goldman Sachs after 26 years with no job lined up. Now he runs one of America’s oldest banks After 26 years at Goldman Sachs, Robin Vince walked away without another job lined up. In this episode of "Executive D...
watch now In this video BNY GS Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email Executive Decisions with Steve Sedgwick He left Goldman Sachs after 26 years with no job lined up. Now he runs one of America’s oldest banks After 26 years at Goldman Sachs, Robin Vince walked away without another job lined up. In this episode of "Executive Decisions," the BNY CEO reflects on why he stepped off a successful career path, what he learned during the global financial crisis and how that pause ultimately led him to one of America’s oldest banks. 35:12 25 minutes ago Steve Sedgwick After 26 years at Goldman Sachs , Robin Vince made a decision few senior Wall Street executives would make: he walked away without another job lined up. At 48, he chose to take what he called a "gap year," turning down an immediate approach from BNY so he could step back and think carefully about what he wanted from the next phase of his life and career. In this episode of " Executive Decisions ," the BNY CEO explains why stepping away became essential, and how that pause helped him decide he was not finished building. He reflects on the pressure, uncertainty and self-doubt that shaped his career, from arriving in France as a child unable to speak the language to navigating the intensity of Goldman Sachs in the 1990s. Vince also looks back on the global financial crisis, including the weekend of Lehman Brothers' collapse, and the lesson he took from moments of extreme pressure: learn to work the problem. He then discusses the transformation of BNY under his leadership, why consistency matters in building institutions and how he balances running one of America's oldest banks with family life and personal wellbeing. Subscribe to " Executive Decisions with Steve Sedgwick " wherever you get your podcasts, or click here .
Leaving the European Union has cost the UK 2% to 4% of forgone economic output but almost half can be recovered by improving trade with the bloc, according to analysis by Bloomberg Economics for the 10-year anniversary of the Brexit referendum. Its estimate of the damage is slightly lower than the Bank of England’s 3.5% of GDP and the 4% used by the Office for Budget Responsibility. Even so, the c...
Leaving the European Union has cost the UK 2% to 4% of forgone economic output but almost half can be recovered by improving trade with the bloc, according to analysis by Bloomberg Economics for the 10-year anniversary of the Brexit referendum. Its estimate of the damage is slightly lower than the Bank of England’s 3.5% of GDP and the 4% used by the Office for Budget Responsibility. Even so, the consequence of Brexit has been “significant and negative,” the report’s authors write. “The economy is smaller compared to a world where it remained part of the bloc.” In terms of tax, Brexit has cost the Treasury roughly £30 billion ($40 billion) a year, using Bloomberg Economics’ 2.5% of GDP central estimate of the long-term harm. The decade-old debate has been revived by a change in the politics of Brexit, with a majority of the public now in favor of rejoining the EU, according to the latest polling. Prime Minister Keir Starmer is seeking closer ties and several senior Labour Party figures have made a case for rejoining eventually. Bloomberg Economics used a variety of models to calculate its central estimate of the cost to date. It found the damage was far smaller than the 6% to 8% of GDP hit set out in a recent and widely read National Bureau of Economic Research paper . Using a “doppelganger” model like the NBER to build an alternative growth path assuming the UK had remained in the EU, Bloomberg Economics said the damage would be 9.6%. However, it said the estimate is misleading because the NBER doppelganger includes Ireland, where growth has averaged 7% a year since the 2016 referendum thanks to its low-tax strategy, and is heavily weighted to the US, which unlike the UK “wasn’t hit by an energy shock in 2022, has benefited from significant fiscal stimulus and is seeing the benefits of AI investment.” Stripping out Ireland reduces the hit to about 6% and adjusting the US growth trajectory to reflect pre-2016 levels of outperformance lowers the impact further to 3.4%...
For the 60 years Warren Buffett served as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) , he employed a policy of not meddling in each subsidiary's managers' leadership of their respective business. His thinking? They were smart enough on their own to build a business he was interested in owning. Buffett's predecessor, Greg Abel, may not feel quite the same way, though. After announcing its ...
For the 60 years Warren Buffett served as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) , he employed a policy of not meddling in each subsidiary's managers' leadership of their respective business. His thinking? They were smart enough on their own to build a business he was interested in owning. Buffett's predecessor, Greg Abel, may not feel quite the same way, though. After announcing its plans last month to wholly acquire and then privatize homebuilder Taylor Morrison Home Corp. (NYSE: TMHC) , last week, Abel alluded to the possibility of combining Taylor with another Berkshire company -- manufactured- and mobile-homes builder Clayton Homes. It's not happened yet. And it may never actually come to pass. Continue reading
This is the forum for daily political discussion on Seeking Alpha. A new version is published every market day. Please don't leave political comments on other articles or posts on the site. The comments below are not regulated with the same rigor as the rest of the site, and this is an 'enter at your own risk' area as discussion can get very heated. If you can't stand the heat... you know what the...
This is the forum for daily political discussion on Seeking Alpha. A new version is published every market day. Please don't leave political comments on other articles or posts on the site. The comments below are not regulated with the same rigor as the rest of the site, and this is an 'enter at your own risk' area as discussion can get very heated. If you can't stand the heat... you know what they say... More on Today's Markets: Trump’s $100K H-1B visa fee blocked by judge Judge Leo Sorokin ruled in U.S. District Court in Massachusetts that the visa payment policy breached both the federal Administrative Procedure Act and the Constitution, according to a court filing . It's likely the government will appeal the decision. Trump says Israel and Iran looking for immediate ceasefire "Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE!" Trump posted on Truth Social. "Final negotiations on 'Peace' are proceeding, subject to ignorance or stupidity getting in its way." Trump demands that Senate parliamentarian be fired Trump said she "treats Republicans, and everything that they stand for, horribly!" in a post on Truth Social. He accused her of being "a Radical Left Lunatic that caters to Democrats, and has no respect for Republicans, or Republican Ideology." Moderation Guidelines: We remove comments under the following categories: Personal attacks on another user account Anti-Vaxxer or covid related misinformation Stereotyping, prejudiced or racist language about individuals or the topic under discussion. Inciting violence messages, encouraging hate groups and political violence. Regardless of which side of the political divide you find yourself, please be courteous and don't direct abuse at other users. For any issue with regards to comments please email us at : moderation@seekingalpha.com. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable ...
With a net profit margin of 22.31%, QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 10 Most Profitable Dividend Stocks to Invest In Now. On June 5, JPMorgan raised its price recommendation on QUALCOMM Incorporated (NASDAQ:QCOM) to $265 from $160. It reiterated a Neutral rating on the shares ahead of the company’s investor day scheduled for June […]
With a net profit margin of 22.31%, QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 10 Most Profitable Dividend Stocks to Invest In Now. On June 5, JPMorgan raised its price recommendation on QUALCOMM Incorporated (NASDAQ:QCOM) to $265 from $160. It reiterated a Neutral rating on the shares ahead of the company’s investor day scheduled for June […]
Shares of memory chips maker Micron (NASDAQ:MU) jumped 7.9% in the afternoon session after investor optimism in the AI memory sector improved, sparked by Nvidia's announcement of a multi-year technology partnership with peer SK Hynix.
Shares of memory chips maker Micron (NASDAQ:MU) jumped 7.9% in the afternoon session after investor optimism in the AI memory sector improved, sparked by Nvidia's announcement of a multi-year technology partnership with peer SK Hynix.
Khairussaleh Ramli, President and Group CEO at Maybank, says the Johor-Singapore special economic zone will drive further expansion, with Malaysia’s biggest lender having facilitated about $4.9 billion in financing and investments in the area in the past couple of years. He speaks with Shery Ahn and Haidi Stroud-Watts from the sidelines of the Invest Malaysia conference in Kuala Lumpur. (Source: B...
Khairussaleh Ramli, President and Group CEO at Maybank, says the Johor-Singapore special economic zone will drive further expansion, with Malaysia’s biggest lender having facilitated about $4.9 billion in financing and investments in the area in the past couple of years. He speaks with Shery Ahn and Haidi Stroud-Watts from the sidelines of the Invest Malaysia conference in Kuala Lumpur. (Source: Bloomberg)
Cloud and database company Oracle (NYSE: ORCL) reports fiscal fourth-quarter results -- covering the period ended May 31 -- after the market close on Wednesday, June 10. And the revenue and earnings headlines may not be what moves the stock. The figure investors will arguably zero in on is Oracle's remaining performance obligations (RPO), or the dollar value of signed contracts not yet recognized ...
Cloud and database company Oracle (NYSE: ORCL) reports fiscal fourth-quarter results -- covering the period ended May 31 -- after the market close on Wednesday, June 10. And the revenue and earnings headlines may not be what moves the stock. The figure investors will arguably zero in on is Oracle's remaining performance obligations (RPO), or the dollar value of signed contracts not yet recognized as revenue, which has become one of the clearest gauges of how much demand there really is for AI computing. Even more, this report is timely. AI and chip stocks have sold off over the past week, and Oracle itself slid nearly 10% on June 5. And as of this writing, shares trade near $212 -- well below 52-week highs of more than $345 but up sharply from a low near $150 in February. It has been a volatile round trip for the stock, and the backlog is a big reason. Continue reading
Hong Kong will launch a two-month public consultation on Monday on its first five-year blueprint to align the city’s development with the national plan, Chief Executive John Lee Ka-chiu has announced. Lee said on Tuesday the consultation would begin on June 15, marking what he described as a historic milestone for the city. “The formulation of Hong Kong’s first five-year plan is a historic step an...
Hong Kong will launch a two-month public consultation on Monday on its first five-year blueprint to align the city’s development with the national plan, Chief Executive John Lee Ka-chiu has announced. Lee said on Tuesday the consultation would begin on June 15, marking what he described as a historic milestone for the city. “The formulation of Hong Kong’s first five-year plan is a historic step and is of great significance,” he said. “We hope to gather everyone’s views, listen to the people and...
Tippapatt/iStock via Getty Images Portfolio Observations The Gabelli Global Growth Fund returned (7.6)% during the first quarter, compared with a (3.1)% return for the MSCI All Country World Index ( ACWI ) and a (9.9)% return for the Russell 1000 Growth Index ( IWF ). During the quarter, we added to existing positions in Amphenol Corp. ( APH ) (0.8% of net assets as of March 31, 2026), Applied Mat...
Tippapatt/iStock via Getty Images Portfolio Observations The Gabelli Global Growth Fund returned (7.6)% during the first quarter, compared with a (3.1)% return for the MSCI All Country World Index ( ACWI ) and a (9.9)% return for the Russell 1000 Growth Index ( IWF ). During the quarter, we added to existing positions in Amphenol Corp. ( APH ) (0.8% of net assets as of March 31, 2026), Applied Materials Inc. ( AMAT ) (1.1%), Howmet Aerospace Inc. ( HWM ) (1.0%), and Keyence Corp. ( KYCCF ) (2.1%). We initiated a new position in Fanuc Corp. ( FANUY ) (0.6%). Our largest position decreases in the quarter were Cadence Design Systems Inc. ( CDNS ) (0.7%), Oracle Corp. ( ORCL ) (0.9%), and Intuit Inc. ( INTU ) (0.7%). We did not eliminate any names from the portfolio in the quarter. For the first quarter our top five contributors to performance (based upon price change and position size) were GE Vernova Inc. ( GEV ) (4.2%), ASML Holding N.V. ( ASML ) (2.7%), Eaton Corporation plc ( ETN ) (2.3%), Applied Materials Inc. (1.1%), and Linde plc ( LIN ) (1.1%). On the flip side, the largest detractors from performance for the quarter were Microsoft Corp. ( MSFT ) (4.2%), Eli Lilly & Co. ( LLY ) (4.4%), Boston Scientific Corp. ( BSX ) (1.3%), LVMH Moët Hennessy Louis Vuitton SE ( LVMUY ) (1.3%), and Amazon. com Inc. (4.5%). The Gabelli Global Growth Fund At a sector level, we ended the quarter with overweight exposures in Industrials (17% of portfolio assets vs. 12% in the benchmark), Information Technology (29% of portfolio assets compared with 26% in the benchmark), and Communications Services (12% of portfolio assets compared with 9% in the benchmark). Our largest sector underweights at quarter-end included Energy (0% of portfolio assets vs. 5% in the benchmark) and Consumer Staples (1% of portfolio assets vs. 6% in the benchmark). Our Fund remains fairly concentrated with positions in 47 companies as of the end of the quarter. The top five holdings represent 25% of portfoli...