Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Post-earnings: Snowflake ( SNOW ) skyrockets 35% after the Natoma acquisition and AWS deal , as well as bullish views from analysts . Prediction markets: A Google ( GOOGL ) software engineer faces fraud charges ove...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Post-earnings: Snowflake ( SNOW ) skyrockets 35% after the Natoma acquisition and AWS deal , as well as bullish views from analysts . Prediction markets: A Google ( GOOGL ) software engineer faces fraud charges over a $1.2M Polymarket bet as the CFTC tries to get things under control . Military watch: The U.S. and Iran trade fresh strikes , while Norway is set to come under France's nuclear umbrella . Funding the future Media companies were already pivoting to subscription-based models over advertising, but AI is accelerating that transition. Meta Platforms ( META ) has confirmed it will begin testing new paid plans for its AI offerings , which are hoped to offset some of the billions of dollars the tech company is spending on artificial intelligence. Initial subscription launches will start in Singapore, Guatemala, and Bolivia, with the aim of expanding to additional countries. On the menu: For $7.99 per month, users can acquire Meta One Plus to generate images, videos, and extended reasoning. A more advanced tier—Meta One Premium—costs $19.99 per month and includes the same features as Meta One Plus with expanded functionality. The company is also testing subscriptions for its FoA (Family of Apps) with updated plans for businesses and creators. Those range from $2.99 to $3.99 per month for WhatsApp, Instagram, and Facebook, and $14.99 to as much as $49.99 per month for Meta One Essential and Meta One Advanced. "We're offering premium tools that allow you to enhance presence, supercharge content, automate tasks, and protect your brand," said Naomi Gleit, head of product at the company. "These subscription plans offer richer ways to express and connect across our apps with more fun features to be added." Outlook: A major shake-up has already enveloped Meta ( META ), which initiated a...
J Studios/DigitalVision via Getty Images On March 4, 2026, Broadcom ( AVGO ) CEO Hock Tan told analysts, among many other things, that he had "line of sight" to AI chip revenue in excess of $100 billion in 2027. The stock rose 5% the day after the Q1 print, despite my concerns , as the broader markets were pressured by the Middle East war. About five to six weeks later, three separate multi-gigawa...
J Studios/DigitalVision via Getty Images On March 4, 2026, Broadcom ( AVGO ) CEO Hock Tan told analysts, among many other things, that he had "line of sight" to AI chip revenue in excess of $100 billion in 2027. The stock rose 5% the day after the Q1 print, despite my concerns , as the broader markets were pressured by the Middle East war. About five to six weeks later, three separate multi-gigawatt customer agreements were signed in eight days. Interestingly, these April announcements appear to sit outside the $73 billion AI backlog Broadcom had already disclosed entering FY2026 (before these deals were announced). I hold a low single digit position in Broadcom, and I have been bullish on this stock since August last year. Heading into the Q2 print, I reiterate my bullishness with an upgrade to a strong buy. In this piece, I discuss my view on the company’s XPU demand, the networking franchise, some risks related to customer concentration, the reported OpenAI financing fiasco, and what I am watching in the June 3 earnings print to test each piece. The Gigawatt Math Model On the Q1 FY2026 call , Bernstein analyst Stacy Rasgon did a bottom-up count of Broadcom's 2027 XPU demand using publicly disclosed gigawatt commitments: 3 GW from Anthropic, 1 GW from OpenAI, 2-plus GW from Meta, and at least 3 GW inferred from Google. So, Rasgon’s lower bound estimate reached 9 GW across four named customers before including Broadcom’s two remaining unnamed XPU customers. Interestingly, Tan confirmed the count on the call: If you look at it by gigawatt in '27, we are seeing it getting close to 10 gigawatts. There is more. During the same call (I really loved the Q&A, by the way), Bernstein’s Stacy Rasgon pegged Broadcom’s content at roughly $20B per GW. Here is Tan's response when pressed on the per-GW dollar figure: But you're right, it's not far from the dollars you're talking about. What I take from that exchange is that management's "$100B floor" framing for FY2027 is built o...
The Schwab U.S. Large-Cap ETF (NYSEARCA:SCHX) is a low-cost, passively-managed option if you want broader exposure to the market. Having this broader exposure has made the ETF perform quite interestingly over the past few years, and it’s worth taking a serious look at. The ETF holds everything from your usual large caps to more under-the-radar ... Buy, Sell, or Hold Schwab’s US Large-Cap ETF Now |...
The Schwab U.S. Large-Cap ETF (NYSEARCA:SCHX) is a low-cost, passively-managed option if you want broader exposure to the market. Having this broader exposure has made the ETF perform quite interestingly over the past few years, and it’s worth taking a serious look at. The ETF holds everything from your usual large caps to more under-the-radar ... Buy, Sell, or Hold Schwab’s US Large-Cap ETF Now | SCHX
(RTTNews) - Royal Bank of Canada (RY.TO) will host a conference call at 8:30 AM ET on May 28, 2026, to discuss Q2 26 earnings results. To access the live webcast, log on to https://www.rbc.com/investor-relations/financial-information.html To listen to the call, dial (647-557-5257, 888-440-2170, passcode 5994534#). For a replay call, dial (647-362-9199 or 800-770-2030, passcode 5994534#). The views...
(RTTNews) - Royal Bank of Canada (RY.TO) will host a conference call at 8:30 AM ET on May 28, 2026, to discuss Q2 26 earnings results. To access the live webcast, log on to https://www.rbc.com/investor-relations/financial-information.html To listen to the call, dial (647-557-5257, 888-440-2170, passcode 5994534#). For a replay call, dial (647-362-9199 or 800-770-2030, passcode 5994534#). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - Dollar Tree Inc. (DLTR) will host a conference call at 8:00 AM ET on May 28, 2026, to discuss Q1 26 earnings results. To access the live webcast, log on to https://corporate.dollartree.com/investors/news-events/ir-calendar To listen to the call, dial (877) 407-3943 or (201) 689-8855. For a replay call, dial (877) 660-6853 or (201) 612-7415 with passcode 13760394. The views and opinions...
(RTTNews) - Dollar Tree Inc. (DLTR) will host a conference call at 8:00 AM ET on May 28, 2026, to discuss Q1 26 earnings results. To access the live webcast, log on to https://corporate.dollartree.com/investors/news-events/ir-calendar To listen to the call, dial (877) 407-3943 or (201) 689-8855. For a replay call, dial (877) 660-6853 or (201) 612-7415 with passcode 13760394. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - NetApp Inc. (NTAP) will host a conference call at 5:30 PM ET on May 28, 2026, to discuss Q4 26 earnings results. To access the live webcast, log on to https://investors.netapp.com/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - NetApp Inc. (NTAP) will host a conference call at 5:30 PM ET on May 28, 2026, to discuss Q4 26 earnings results. To access the live webcast, log on to https://investors.netapp.com/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - Autodesk Inc. (ADSK) will host a conference call at 5:00 PM ET on May 28, 2026, to discuss Q1 27 earnings results. To access the live webcast, log on to https://investors.autodesk.com/events/event-details/q1-fy27-autodesk-earnings-conference-call The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - Autodesk Inc. (ADSK) will host a conference call at 5:00 PM ET on May 28, 2026, to discuss Q1 27 earnings results. To access the live webcast, log on to https://investors.autodesk.com/events/event-details/q1-fy27-autodesk-earnings-conference-call The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Contemporary Amperex Technology Ltd (CATL) hopes to use its energy-storage business to build on its global dominance in electric vehicle (EV) batteries, as the global oil crisis creates a surge in demand for its technologies and products. The company, which commands nearly 40 per cent of the world’s EV battery market, announced on Thursday the official launch of a 3 billion yuan (US$442.52 million...
Contemporary Amperex Technology Ltd (CATL) hopes to use its energy-storage business to build on its global dominance in electric vehicle (EV) batteries, as the global oil crisis creates a surge in demand for its technologies and products. The company, which commands nearly 40 per cent of the world’s EV battery market, announced on Thursday the official launch of a 3 billion yuan (US$442.52 million) research facility in Xiamen, a city in China’s southeastern Fujian province. The Xiamen Energy Storage Validation Research Institute (ESVL), which CATL said is the world’s largest and most comprehensive one-stop testing and validation platform in the industry, will allow energy storage system (ESS) stations to undergo testing in extreme conditions, before their use in local grids. Advertisement The testing platform – which is expected to open to the whole industry – may help China-made products expand overseas, according to Chen Xiaobo, head of ESVL, as regulators in Western grids typically have higher standards for safety and technology. “If the products of domestic integrators expanding overseas can perform well in quality, reliability, safety and connection with local grids [at ESVL], I believe this will rapidly enhance their overall competitiveness,” Chen said at a media briefing on Thursday. Advertisement By working with global certification agencies, ESVL can test the energy storage stations based on international grid standards, Chen said. Overseas demand for so-called turnkey projects – referring to ready-to-use facilities – was increasing and could boost company profits, he added, but noted that domestic suppliers currently face an “enormous” profitability gap compared with US giant Tesla
Leaky roofs, endless luggage delays, a whiff of raw sewage. Mexico City’s century-old airport is a dilapidated gateway into a country that’s about to host the World Cup. From boarding gates to baggage carousels, 3,000 workers are now scrambling to renovate the installations before more than a million international soccer fans descend on the Mexican capital for next month’s premier tournament. Loca...
Leaky roofs, endless luggage delays, a whiff of raw sewage. Mexico City’s century-old airport is a dilapidated gateway into a country that’s about to host the World Cup. From boarding gates to baggage carousels, 3,000 workers are now scrambling to renovate the installations before more than a million international soccer fans descend on the Mexican capital for next month’s premier tournament. Located hundreds of kilometers from the Pacific coast, the Benito Juárez airport is bizarrely run by Mexico’s Navy since 2023. And like Mexico City itself, the airport structure is sinking at a rate of 10 centimeters a year. The $581 million revamp is the first major overhaul of the airport – named after Mexico’s first Indigenous president – since it was built in 1928. Engineers bemoan the absence of any useful blueprints to sort through the patchwork of 70 types of flooring and a dizzying network of mismatched water pipes, ceilings and wiring across the 6,000-square-foot facility. Like archeologists, construction workers recently pried off drywall in Terminal 1 only to discover the airport’s vintage signage from the 1980s. No one knew it was there. For weary travelers, conditions have gotten even worse since round-the-clock repairs got underway in April last year. Passengers are forced to navigate through labyrinthine hallways lined with mounds of dirt and bags of concrete. At times, bathrooms have been left without running water. Around 200,000 people move through the airport every day, and the soccer tournament that kicks off on June 11 will usher in at least five times more over the course of the nearly four-week tournament. For the Navy, the challenge is to remodel the facility and keep it running at the same time. “When we started renovations, the plan was for them to be mainly aesthetic,” the airport director, Admiral Juan José Padilla, said in an interview. “But when you want to change some floors and discover that the drainage underneath is collapsed and sewage is leak...
Artificial intelligence (AI) is no longer just driving demand for chips — it’s exposing every weak link in the semiconductor supply chain. GPUs from Nvidia (NVDA) tend to grab the headlines, but memory has quietly become the choke point. Massive AI models need enormous amounts of data moved at blistering speeds in real time, and traditional memory simply cannot keep up. That has created a shortage...
Artificial intelligence (AI) is no longer just driving demand for chips — it’s exposing every weak link in the semiconductor supply chain. GPUs from Nvidia (NVDA) tend to grab the headlines, but memory has quietly become the choke point. Massive AI models need enormous amounts of data moved at blistering speeds in real time, and traditional memory simply cannot keep up. That has created a shortage unlike anything the memory industry has seen in decades. The question for investors is simple: Which company is best positioned for this moment? Wall Street seems to increasingly believe the answer is Micron Technology (MU). The AI Memory Bottleneck Is Getting Worse Training large AI models requires huge pools of high-bandwidth memory (HBM) alongside advanced DRAM chips capable of feeding GPUs continuously. Without enough memory bandwidth, even the fastest AI accelerators sit idle. That imbalance has become severe. According to Micron, its entire 2026 supply of HBM4 is already sold out. Even more telling, the company said it can currently satisfy only 50% to 66% of key customers’ medium-term bit demand because of limited clean room capacity. Simply put, customers want far more memory than Micron can physically produce. That matters because HBM pricing runs several times higher per bit than traditional DRAM. With that in mind, let’s compare the major memory players: Company Global DRAM Market Share Global HBM Market Share Key Advantage Samsung Electronics 38% 22% Scale and manufacturing SK Hynix 29% 57% Early AI partnerships Micron Technology 22% 21% Premium HBM margins, fastest growth Surprisingly, being third may have actually helped Micron. The company has moved aggressively into higher-margin HBM production instead of chasing lower-margin commodity DRAM volume. Management has openly acknowledged it is prioritizing HBM output because profitability is materially higher. That strategy is now reshaping the company. Wall Street Finally Catches Up For most of the past decade,...
Artificial intelligence (AI) is no longer just driving demand for chips — it’s exposing every weak link in the semiconductor supply chain. GPUs from Nvidia (NVDA) tend to grab the headlines, but memory has quietly become the choke point. Massive AI models need enormous amounts of data moved at blistering speeds in real time, and traditional memory simply cannot keep up. That has created a shortage...
Artificial intelligence (AI) is no longer just driving demand for chips — it’s exposing every weak link in the semiconductor supply chain. GPUs from Nvidia (NVDA) tend to grab the headlines, but memory has quietly become the choke point. Massive AI models need enormous amounts of data moved at blistering speeds in real time, and traditional memory simply cannot keep up. That has created a shortage unlike anything the memory industry has seen in decades. The question for investors is simple: Which company is best positioned for this moment? Wall Street seems to increasingly believe the answer is Micron Technology (MU). The AI Memory Bottleneck Is Getting Worse Training large AI models requires huge pools of high-bandwidth memory (HBM) alongside advanced DRAM chips capable of feeding GPUs continuously. Without enough memory bandwidth, even the fastest AI accelerators sit idle. That imbalance has become severe. According to Micron, its entire 2026 supply of HBM4 is already sold out. Even more telling, the company said it can currently satisfy only 50% to 66% of key customers’ medium-term bit demand because of limited clean room capacity. Simply put, customers want far more memory than Micron can physically produce. That matters because HBM pricing runs several times higher per bit than traditional DRAM. With that in mind, let’s compare the major memory players: Company Global DRAM Market Share Global HBM Market Share Key Advantage Samsung Electronics 38% 22% Scale and manufacturing SK Hynix 29% 57% Early AI partnerships Micron Technology 22% 21% Premium HBM margins, fastest growth Surprisingly, being third may have actually helped Micron. The company has moved aggressively into higher-margin HBM production instead of chasing lower-margin commodity DRAM volume. Management has openly acknowledged it is prioritizing HBM output because profitability is materially higher. That strategy is now reshaping the company. Wall Street Finally Catches Up For most of the past decade,...
RISHON LE ZION, Israel, May 28, 2026 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (Nasdaq: BOSC), an integrator of supply chain technologies for the aerospace, defense, industrial, and retail sectors, today announced its financial results for the first quarter of 2026. Quarter Ended March 31, 2026 Financial Results Revenues for the first quarter of 2026 were $11.4 ...
RISHON LE ZION, Israel, May 28, 2026 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (Nasdaq: BOSC), an integrator of supply chain technologies for the aerospace, defense, industrial, and retail sectors, today announced its financial results for the first quarter of 2026. Quarter Ended March 31, 2026 Financial Results Revenues for the first quarter of 2026 were $11.4 million. While revenues in the first quarter of 2025 were $15.0 million, that figure was boosted by a single outsized transaction of $2.5 million, making the 2025 full-year average quarterly revenue, of $12.6 million a more representative comparison. Gross Profit in the first quarter of 2026 was $2.8 million with a gross profit margin of 24.9%, compared to $3.6 million with a gross profit margin of 23.9% in Q1 2025. Operating Expenses in the first quarter of 2026 totaled $2.17 million, compared to $1.85 million in Q1 2025. The increase is primarily attributable to the 13.6% depreciation of the U.S. dollar against the New Israeli Shekel (NIS) from Q1 2025 to Q1 2026. Operating Income in the first quarter of 2026 was $665,000 compared to $1.7 million in Q1 2025. Financial Income in the first quarter of 2026 was $120,000 compared to financial expenses of $272,000 in Q1 2025. Our balance sheet includes significant net assets denominated in Israeli shekels, so changes in the exchange rate between the U.S. dollar and the NIS result in foreign‑currency gains or losses when the dollar depreciates or appreciates against the shekel. Net Income in the first quarter of 2026 amounted to $765,000, or $0.11 per basic share compared to $1.35 million, or $0.23 per basic share in Q1 2025. Cash and cash equivalents, net of loans, amounted to $9.5 million as of March 31, 2026, compared to $10.1 million as of December 31, 2025. Business Updates In March 2026, the Supply Chain division signed a new exclusive sales, marketing, and distribution agreement with Doppler Electronics Private Limited, a...
Semiconductors have been Wall Street's hottest investment for more than three years now. And the hottest exchange-traded fund (ETF) in this space is the VanEck Semiconductor ETF (NASDAQ: SMH) . With a three-year total return of more than 350%, it's been the best-performing non-leveraged ETF in this category (and by a fair margin). The reason for the outperformance has been the absolute boom in meg...
Semiconductors have been Wall Street's hottest investment for more than three years now. And the hottest exchange-traded fund (ETF) in this space is the VanEck Semiconductor ETF (NASDAQ: SMH) . With a three-year total return of more than 350%, it's been the best-performing non-leveraged ETF in this category (and by a fair margin). The reason for the outperformance has been the absolute boom in megacap chipmakers. Nvidia , Taiwan Semiconductor Manufacturing , and Broadcom led the sector higher out of the gate, but now the next tier of names, including Lam Research , ASML , and Applied Materials , are starting to catch up. In its very early stages, the artificial intelligence (AI) story centered around Nvidia. Today, it's an industrywide growth story. Current forecasts call for nearly $1 trillion in annual sales. By 2036, that number is expected to double to $2 trillion. While there is likely to be a growth slowdown sometime in the next several years, it doesn't look like it's going to happen anytime soon. Continue reading
Michael Vi Best Buy Co. ( BBY ) rallied in early trading on Thursday after beating estimates with its first-quarter earnings report and setting solid guidance for the full year. Total revenue was up 1.9% year-over-year to 8.94B for the quarter that ended on March 31. Domestic revenue was up 1.5% to $8.25B, primarily driven by a comparable sales gain of 1.8%. From a category perspective, the larges...
Michael Vi Best Buy Co. ( BBY ) rallied in early trading on Thursday after beating estimates with its first-quarter earnings report and setting solid guidance for the full year. Total revenue was up 1.9% year-over-year to 8.94B for the quarter that ended on March 31. Domestic revenue was up 1.5% to $8.25B, primarily driven by a comparable sales gain of 1.8%. From a category perspective, the largest drivers of the comparable sales growth on a weighted basis were gaming, computing, mobile phones, and services. Those drivers were partially offset by a decline in appliances. Best Buy's ( BBY ) domestic gross profit rate improved to 23.7% of sales from 23.5% a year ago and topped the consensus expectation. The higher gross profit rate included growth in marketplace and Best Buy Ads and improved financial performance from the company's traditional service offerings. The previous items were largely offset by lower product margin rates. International revenue was up 7.3% to $687M, primarily driven by comparable sales growth of 4.7% and the favorable impact of foreign exchange rates. Adjusted operating income as a percentage of revenue was 4.1% of sales, which was up from last year's mark of 3.8%. Adjusted EPS was reported at $1.28 vs. $1.23 consensus and $1.15 a year ago. Looking ahead, Best Buy ( BBY ) sees FY27 revenue of $41.2B to $42.1B (midpoint $41.465B) vs. $41.8B consensus and adjusted diluted EPS of $6.30 to $6.60 (midpoint $6.45) vs. $6.48 consensus. "Comparable sales have started strong in May, with month-to-date growth up high single digits. Our comparable sales outlook for the full quarter is approximately 1.0% growth as we start to lap last year’s very successful gaming launch in June. We expect our Q2 adjusted operating income rate to be approximately 3.9%, which is flat to last year," noted Best Buy ( BBY ) CFO Matt Bilunas. Shares of Best Buy ( BBY ) shot up 10.0% in premarket action to trade at their highest level since February. More on Best Buy Best Buy: ...
Every IPO prospectus has a risk factors section. Almost no one reads it. With SpaceX preparing to list on the NASDAQ, the document is hundreds of pages long, and the most interesting sentences are buried where retail investors rarely look. I’ve been reading space-economy filings for years now, and two admissions inside SpaceX’s pre-IPO disclosures ... Two Things SpaceX Just Admitted Ahead of Its I...
Every IPO prospectus has a risk factors section. Almost no one reads it. With SpaceX preparing to list on the NASDAQ, the document is hundreds of pages long, and the most interesting sentences are buried where retail investors rarely look. I’ve been reading space-economy filings for years now, and two admissions inside SpaceX’s pre-IPO disclosures ... Two Things SpaceX Just Admitted Ahead of Its IPO That Wall Street Doesn’t Want You to Read
(May 28): A post-initial public offering (IPO) merger between SpaceX and Tesla Inc is inevitable and only a question of timing, because Elon Musk will want to consolidate control across his companies, according to early SpaceX investor Peter Diamandis. The combination makes sense because it would give Musk the super voting rights he has at Space Exploration Technologies Corp — where he had 85.1% c...
(May 28): A post-initial public offering (IPO) merger between SpaceX and Tesla Inc is inevitable and only a question of timing, because Elon Musk will want to consolidate control across his companies, according to early SpaceX investor Peter Diamandis. The combination makes sense because it would give Musk the super voting rights he has at Space Exploration Technologies Corp — where he had 85.1% control before the filing for an IPO — but lacks at publicly held Tesla, Diamandis said on Wednesday in a Bloomberg Television interview. “I put it not as a matter of if but only a matter of when those companies come together,” said Diamandis, a founder of the XPrize Foundation and a podcast host who has spoken with Musk this year. Musk and representatives for SpaceX and Tesla did not immediately respond to requests for comments. A combined entity would unite Tesla’s ground-based vehicle fleet with SpaceX’s space infrastructure, including the Starship programme. Musk’s super voting rights at SpaceX give him significantly more control than his stake at Tesla, where he has faced shareholder challenges over governance and compensation. SpaceX is headed for an IPO in June, likely the biggest ever. Merging the companies would give Musk “the ability to operate across all of this infrastructure”, including a fleet of Cybercab robotaxis and Tesla vehicles with compute and power capability, creating “a global infrastructure on the ground and in space”, Diamandis said. Musk held talks about such a transaction prior to SpaceX’s combination with xAI, Bloomberg reported in January, with Diamandis also speaking to him about it broadly in both January and March. Diamandis first invested in SpaceX in the late 2000s, and has started or backed several companies. He founded the XPrize Foundation in the early 1990s, setting a challenge and US$10 million (RM39.78 million) reward for teams to try to send a reusable crewed craft to space twice in two weeks.
The US justice department has charged a Google software engineer with using insider information to rig bets tied to Google’s most-searched list on prediction market Polymarket, earning $1.2m in profits, according to a complaint unsealed on Wednesday. Michele Spagnuolo, a 36-year-old Italian citizen, allegedly used insider information to bet on long-shot candidates like indie pop musician D4vd, who...
The US justice department has charged a Google software engineer with using insider information to rig bets tied to Google’s most-searched list on prediction market Polymarket, earning $1.2m in profits, according to a complaint unsealed on Wednesday. Michele Spagnuolo, a 36-year-old Italian citizen, allegedly used insider information to bet on long-shot candidates like indie pop musician D4vd, who appeared on Google’s most-searched list after he was arrested and accused of murdering a teenage girl, according to the complaint. D4vd was the most-searched person of the year, according to Google statistics that were released on 4 December, and Spagnuolo allegedly used insider information when betting on 27 November that D4vd would top the list. The bet was particularly profitable because the markets placed a “near-zero probability” that D4vd would be the most-searched person on Google, according to the complaint. Spagnuolo, on an account called “AlphaRaccoon”, also used insider information when placing other bets based on Google’s most-searched list, according to the complaint. He made a bet in October that rapper Kendrick Lamar would top the list, at a time when Google’s internal data showed that Lamar was on track to be the most-searched person of the year. Reuters could not immediately identify an attorney for Spagnuolo. Spagnuolo lives in Switzerland, according to the complaint, filed in the federal court in Manhattan. Jay Clayton, the US attorney for the southern district of New York, said in a statement that prosecutors will pursue corporate insiders who seek to use confidential business information to turn a profit in prediction markets. “Insider trading compromises the integrity of our markets, and the American people want this greed-driven conduct investigated and prosecuted,” Clayton said. Google said in a statement that it is working with law enforcement and that using confidential information to place bets is a serious breach of company policy. Spagnuolo has...
Dan Ives, global head of tech research and senior equity analyst at Wedbush Securities, examines second-quarter earnings from Snowflake and the pressure he sees on Salesforce to monetize 15% to 20% of their customer base over the next “two, three, four quarters.” (Source: Bloomberg)
Dan Ives, global head of tech research and senior equity analyst at Wedbush Securities, examines second-quarter earnings from Snowflake and the pressure he sees on Salesforce to monetize 15% to 20% of their customer base over the next “two, three, four quarters.” (Source: Bloomberg)
Key Points While COLAs don't tend to amount to much once taxes and Medicare Part B premiums are deducted, every extra dollar can be put to good use. One of the first (and best) things you can do with a benefit boost is to pay down high-interest debt. Around the time you expect a COLA to kick in is a good time to take a look at your entire household budget. The $23,760 Social Security bonus most re...
Key Points While COLAs don't tend to amount to much once taxes and Medicare Part B premiums are deducted, every extra dollar can be put to good use. One of the first (and best) things you can do with a benefit boost is to pay down high-interest debt. Around the time you expect a COLA to kick in is a good time to take a look at your entire household budget. The $23,760 Social Security bonus most retirees completely overlook › With inflation on the rise, it's no surprise that The Senior Citizens League has its eye on October. Specifically, the nonpartisan advocacy organization is interested in the Social Security Administration's (SSA's) October release, announcing how much the 2027 cost-of-living adjustment (COLA) will be. Calculated using third-quarter data from the Department of Labor's Bureau of Labor Statistics (BLS), COLAs go into effect in January. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Early expectations While we're not yet in the third quarter of the year, we do know that inflation increased by 3.8% between April 2025 and April 2026. If inflation continues at this rate through Q3, The Senior Citizens League is predicting a 2027 COLA of 3.3%. That means someone receiving a monthly Social Security benefit of $2,000 can expect a $66 increase before taxes and any Medicare Part B increases are deducted. Potential ways to make the most of an increase Let's say your monthly check is boosted by $50 after deductions. That's $600 for the year. While you'll still be fighting off inflation, here are some ways you can make the most of the money. Bolster your emergency fund: Rather than paying for an emergency with a high-interest credit card, consider depositing as much of the raise as possible into a high-interest savings or checking account where it can grow until you need it. Rather than pay...
German power prices will swing sharply on Thursday, with electricity trading close to zero at noon before surging to nearly €400 a megawatt-hour in the evening as solar generation fades. During the day, the nation is awash with electricity and solar was expected to meet more than 90% of national demand around noon, according to the Fraunhofer Institute. But conditions will change quickly later in ...
German power prices will swing sharply on Thursday, with electricity trading close to zero at noon before surging to nearly €400 a megawatt-hour in the evening as solar generation fades. During the day, the nation is awash with electricity and solar was expected to meet more than 90% of national demand around noon, according to the Fraunhofer Institute. But conditions will change quickly later in the day as the sun sets and wind generation is set to remain weak throughout. Large hourly swings are common in electricity markets, but Thursday’s gap is unusual. The spread underscores how exposed Europe’s biggest market still is when there is little renewable output and it’s forced to rely on expensive gas- and coal-fired power plants to keep the lights on. Neighboring France is also seeing volatile prices, though the swings are smaller. The difference between the cheapest and most expensive hour on Thursday is about €160 per megawatt-hour on the Epex Spot SE exchange. France’s large nuclear fleet helps smooth prices by providing steady electricity generation throughout the day. Read: French Power Demand Rises as Deadly Heat Wave Intensifies German wind generation is expected to fall to about 2 gigawatts by 8 p.m. Thursday — roughly a seventh of the level a day earlier, according to Fraunhofer. To meet evening demand, Germany will also import power from abroad. At the same time, solar output is increasing. Germany has had several generation records this spring, with the latest peak exceeding 55 gigawatts on Thursday at noon in Berlin. The volatility in hourly prices is also boosting overall electricity costs. Average German power prices for May are at their highest level for this time of year since the 2022 energy crisis. Higher natural gas prices, partly because of the conflict in Iran, are also increasing generation costs at plants burning the fuel.
President Donald Trump onstage at the Treasury Department's Trump Accounts Summit, in Washington, Jan. 28, 2026. Kevin Lamarque | Reuters Families can now download the Trump Accounts app — a key next step in the launch of the investing accounts for children that could include seed money of up to $1,000 . The app's debut on Thursday comes a little more than a month out from the July 4 official laun...
President Donald Trump onstage at the Treasury Department's Trump Accounts Summit, in Washington, Jan. 28, 2026. Kevin Lamarque | Reuters Families can now download the Trump Accounts app — a key next step in the launch of the investing accounts for children that could include seed money of up to $1,000 . The app's debut on Thursday comes a little more than a month out from the July 4 official launch of the new tax-deferred accounts. The initial deposit from the U.S. Department of the Treasury could arrive "as early as July 4," according to an image of the app that the agency shared with CNBC. The Trump Accounts app, which is now available in Apple and Google app stores, was designed in partnership with Bank of New York Mellon and Robinhood , a Treasury spokeswoman said. "This groundbreaking new app will make it easy for millions of Americans to sign up, contribute and watch their investments grow in value," Treasury Secretary Scott Bessent said in a video posted on X Thursday. Families have signed up nearly 6 million children for Trump Accounts , according to the Treasury's latest tally. How to use the Trump Account app While Trump Accounts — also known as 530A accounts — cannot be funded until July, parents or guardians can open accounts now by filling out IRS Form 4547 on TrumpAccounts.gov . Zoom In Icon Arrows pointing outwards The Trump Accounts app. Courtesy: U.S. Treasury The initial app sign-up process requires entering the email address you used for your account application and verifying it with a code sent to that account. You'll add a phone number and undergo verification for that, too. You'll also create a password, and can opt in for push notifications. After undergoing those steps in the live app on Thursday morning, a CNBC reporter encountered a screen titled "Stay tuned for an invite." "We're rolling out Trump accounts in waves," the text read. "In the next few weeks, we'll send you an invite from no-reply@trumpaccounts.treasury.gov to activate your c...
Welcome to our guide to the commodities driving the global economy. Today, reporter John Ainger explores how the biggest-ever US power deal could affect AI development. NextEra Energy Inc.’s $67 billion acquisition of Dominion Energy Inc. is a bet that it can swiftly deliver the infrastructure needed to power the AI boom. Northern Virginia has the highest concentration of data centers globally. Bu...
Welcome to our guide to the commodities driving the global economy. Today, reporter John Ainger explores how the biggest-ever US power deal could affect AI development. NextEra Energy Inc.’s $67 billion acquisition of Dominion Energy Inc. is a bet that it can swiftly deliver the infrastructure needed to power the AI boom. Northern Virginia has the highest concentration of data centers globally. But connecting new facilities quickly has eluded Dominion and PJM Interconnection, the operator of the biggest US electric grid. Wait times for Virginia-based Dominion to make those connections have grown to as long as seven years and the company’s shares have lagged behind peers amid the boom. PJM, meanwhile, has struggled to both meet surging electric demand and tame soaring household utility bills. A federal regulator this month suggested that PJM may have “ grown too big to function .” If the NextEra-Dominion deal is completed — there’s no guarantee given the many regulatory approvals needed — the combined company will control about 15% of the installed generation on PJM’s grid. That may not be enough to force wholesale system changes, but it could help toward boosting capacity and resilience. This deal will remove a “reliance” on PJM, said John Ketchum, NextEra’s chief executive officer, on an investor call last week. “It’s going to be up to the incumbent utilities to really help drive and solve the problem.” PJM and Dominion declined to comment. NextEra representatives didn’t respond to requests for comment. The potential creation of a behemoth at the heart of Virginia’s Data Center Alley underscores utilities’ rush to capture their greatest opportunity in decades — a building boom to satisfy surging AI-driven demand. NextEra would be able to move quickly, said Ben Hertz-Shargel, an analyst at Wood Mackenzie Ltd. But the merger poses an underlying risk that regulators scrutinizing the deal will surely consider: whether speed may come at the cost of higher bills. “You no...
Reliance Industries Ltd. is taking “deliberate steps” to strengthen its digital unit, Chairman Mukesh Ambani said in a note to shareholders, without sharing any updates on the planned listing of Jio Platforms Ltd. that is expected to fetch as much as $4 billion. “We will continue to evaluate strategic pathways that can broaden stakeholder participation and support Jio’s long-term growth,” Ambani w...
Reliance Industries Ltd. is taking “deliberate steps” to strengthen its digital unit, Chairman Mukesh Ambani said in a note to shareholders, without sharing any updates on the planned listing of Jio Platforms Ltd. that is expected to fetch as much as $4 billion. “We will continue to evaluate strategic pathways that can broaden stakeholder participation and support Jio’s long-term growth,” Ambani wrote in the communication to Reliance shareholders in the company’s annual report released Thursday. Investors will now be looking for cues on Jio’s initial share sale when Ambani takes the dais to address Reliance’s annual shareholder meeting on June 19 — a platform that Asia’s second-richest person has used over the years to announce some of his most ambitious plans for the retail-to-refining conglomerate. Reliance’s plan to sell shares in Jio Platforms — potentially India’s biggest-ever initial public offering — is running into a thicket of challenges exacerbated by the war in Iran, Bloomberg News reported earlier this month, citing people familiar with the matter. Jio controls Reliance Jio Infocomm Ltd. , the country’s largest wireless services operator with over 524 million customers. Its star-studded roster of global investors includes Meta Platforms Inc. , Alphabet Inc. ’s Google, Saudi Arabia’s Public Investment Fund and Mubadala Investment Co. Going Global “Jio as a managed services provider would provide its proprietary network technologies in select international markets in partnership with local operators,” the annual report said. Reliance also cautioned against the continuing headwinds in its traditional oil-to-chemicals business as the US-Iran war drags on. The outlook for the year ending March 31, 2027 “remains extremely vulnerable to geopolitical, macro-economic and policy risks,” the report said. While global oil demand growth will likely be sluggish due to higher oil prices and an economic slowdown amid the Middle East conflict, refinery and oil infrastruc...