The inequality caused by technological innovation is not a given. Labour can harness that change to serve society, not dominate it Tony Blair is right about one thing: we are living through a historic rupture. The old certainties of the 20th century are breaking apart under the pressure of technological revolution, geopolitical instability and economic insecurity. AI will transform how we work, le...
The inequality caused by technological innovation is not a given. Labour can harness that change to serve society, not dominate it Tony Blair is right about one thing: we are living through a historic rupture. The old certainties of the 20th century are breaking apart under the pressure of technological revolution, geopolitical instability and economic insecurity. AI will transform how we work, learn and govern as profoundly as steam power or electricity reshaped the world before it. Britain needs a seriousness equal to the scale of that challenge – and Labour needs the confidence to shape the future rather than retreat into arguments about the past. The answer to global disruption cannot be a longing for the Britain of the 1970s, nor even the Britain of the 1990s. The task of progressive politics is not to recreate yesterday, but to ensure ordinary working people have power, protection and opportunity in the world now emerging. Wes Streeting is Labour MP for Ilford North Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
A Cambodian court sentenced six Chinese men, reportedly from a scam-linked crime ring, to life in prison on Wednesday for the murder of a South Korean student last year. The torture and killing of the college student in Cambodia sparked a public outcry in South Korea , which dispatched a task force to the Southeast Asian nation in an effort to jointly tackle transnational cyberscam networks. The m...
A Cambodian court sentenced six Chinese men, reportedly from a scam-linked crime ring, to life in prison on Wednesday for the murder of a South Korean student last year. The torture and killing of the college student in Cambodia sparked a public outcry in South Korea , which dispatched a task force to the Southeast Asian nation in an effort to jointly tackle transnational cyberscam networks. The multibillion-dollar scam industry ballooned in Cambodia in recent years, with thousands of foreign nationals involved in romance and cryptocurrency investment cons – some willingly and others coerced by organised criminal groups, according to experts. Advertisement The court in Kampot province sentenced the six Chinese men, who ranged in age from 30 to 54, to life imprisonment on charges of murder, cruel acts and fraud via an organised group, according to a court statement. The six were in Cambodian custody, Information Minister Neth Pheaktra said. 01:46 Thai military showcases gutted town-sized scam complex on Cambodian border The South Korean student, reportedly kidnapped and tortured by a criminal gang, was found dead in a pickup truck on August 8.
Easy come, easy go... easy come again? Shares of Intuitive Machines (NASDAQ: LUNR) soared to nearly $45 in afternoon trading yesterday before plunging 27% in a matter of minutes. By the time trading ended, Intuitive stock had recovered some of its losses -- but lost all of its gains. The shares closed down 8.9% yesterday. Wednesday is a different story. Shares of the space stock recovered strongly...
Easy come, easy go... easy come again? Shares of Intuitive Machines (NASDAQ: LUNR) soared to nearly $45 in afternoon trading yesterday before plunging 27% in a matter of minutes. By the time trading ended, Intuitive stock had recovered some of its losses -- but lost all of its gains. The shares closed down 8.9% yesterday. Wednesday is a different story. Shares of the space stock recovered strongly, surging 14% through 12:30 p.m. ET today. A renewed vote of confidence from Wall Street analyst Cantor Fitzgerald may be the reason. Why Cantor (still) loves Intuitive Machines Yesterday, a bullish note from Cantor Fitzgerald sparked Intuitive Machines' rise. Citing multiple upcoming contracts the company is bidding on, as well as a powerful earnings report earlier in the month, Cantor raised its price target on Intuitive to $43 per share. Today, Cantor reiterated its confidence in Intuitive stock. But now here's where things get weird. One of the biggest reasons Cantor cited yesterday, for backing Intuitive Machines, was its "confiden[ce]" that NASA would soon award Intuitive Machines a Lunar Terrain Vehicle (LTV) contract worth up to $4.6 billion. Just hours after Cantor made that prediction, though, it was proven wrong when NASA announced it has chosen rover designs from private space companies Astrolab and Lunar Outpost instead. Expand NASDAQ : LUNR Intuitive Machines Today's Change ( 14.37 %) $ 5.01 Current Price $ 39.87 Key Data Points Market Cap $5.6B Day's Range $ 35.37 - $ 40.69 52wk Range $ 7.78 - $ 45.52 Volume 623.3K Avg Vol 14.4M Gross Margin 4.91 % Cantor makes some edits In today's note, Cantor reiterates its support for Intuitive Machines -- but makes no mention of the LTV contract at all. Cantor cites everything else in Intuitive's favor, upcoming IM-3, -4, and -5 lunar lander missions, the Andromeda space force contract -- even Golden Dome -- but not a word about LTV. The $43 price target, though? That's unchanged, despite Cantor's biggest reason for choo...
Key Points Cantor Fitzgerald predicted Intuitive Machines would win the NASA Lunar Terrain Vehicle (LTV) contract. But Intuitive Machines did not win in. Now, Cantor seems to think the contract didn't matter much anyway. 10 stocks we like better than Intuitive Machines › Easy come, easy go... easy come again? Shares of Intuitive Machines (NASDAQ: LUNR) soared to nearly $45 in afternoon trading yes...
Key Points Cantor Fitzgerald predicted Intuitive Machines would win the NASA Lunar Terrain Vehicle (LTV) contract. But Intuitive Machines did not win in. Now, Cantor seems to think the contract didn't matter much anyway. 10 stocks we like better than Intuitive Machines › Easy come, easy go... easy come again? Shares of Intuitive Machines (NASDAQ: LUNR) soared to nearly $45 in afternoon trading yesterday before plunging 27% in a matter of minutes. By the time trading ended, Intuitive stock had recovered some of its losses -- but lost all of its gains. The shares closed down 8.9% yesterday. 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 » Wednesday is a different story. Shares of the space stock recovered strongly, surging 14% through 12:30 p.m. ET today. A renewed vote of confidence from Wall Street analyst Cantor Fitzgerald may be the reason. Why Cantor (still) loves Intuitive Machines Yesterday, a bullish note from Cantor Fitzgerald sparked Intuitive Machines' rise. Citing multiple upcoming contracts the company is bidding on, as well as a powerful earnings report earlier in the month, Cantor raised its price target on Intuitive to $43 per share. Today, Cantor reiterated its confidence in Intuitive stock. But now here's where things get weird. One of the biggest reasons Cantor cited yesterday, for backing Intuitive Machines, was its "confiden[ce]" that NASA would soon award Intuitive Machines a Lunar Terrain Vehicle (LTV) contract worth up to $4.6 billion. Just hours after Cantor made that prediction, though, it was proven wrong when NASA announced it has chosen rover designs from private space companies Astrolab and Lunar Outpost instead. Cantor makes some edits In today's note, Cantor reiterates its support for Intuitive Machines -- but makes no mention of the LTV contract at all. Cantor cites e...
gracethang/iStock via Getty Images Although it met all primary and secondary endpoints, Apogee Therapeutics ( APGE ) is down Wednesday afternoon following the release of data from a phase 2 trial of zumilokibart for atopic dermatitis. Separately, Apogee said it was able to secure up to $1.3B in financing from Blackstone to advance zumilokibart into phase 3. The 16-week data is from part B of the A...
gracethang/iStock via Getty Images Although it met all primary and secondary endpoints, Apogee Therapeutics ( APGE ) is down Wednesday afternoon following the release of data from a phase 2 trial of zumilokibart for atopic dermatitis. Separately, Apogee said it was able to secure up to $1.3B in financing from Blackstone to advance zumilokibart into phase 3. The 16-week data is from part B of the APEX trial testing the anti-IL-13 antibody. Compared to placebo and low dose, mid and high doses of zumilokibart had similar robust efficacy based on EASI-75 scores, the primary endpoint. At the high dose, 61.6% of patients achieved EASI-75. At the mid dose, the figure was 65.9%. Only 23.4% of those on placebo achieved EASI-75. At the mid dose, zumilokibart met secondary endpoints including IGA 0/1 response, EASI-90 response, and I-NRS ≥4 reduction from baseline. More on Apogee Therapeutics Apogee Therapeutics: Targeting Atopic Dermatitis Apogee Therapeutics: 'Strong Buy' As Zumilokibart Progresses To Next Q2 Milestone Apogee Therapeutics, Inc. (APGE) Discusses 52-Week Phase 2 APEX Data for Zumilokibart in Moderate to Severe Atopic Dermatitis Transcript Apogee secures up to $1.3B from Blackstone to advance skin therapy Apogee Therapeutics prices upsized $350M offering at $70 a share
iQoncept/iStock via Getty Images As the month of May comes to an end this week, b elow is a list of the best performing consumer discretionary stocks with market capitalizations of approximately $3B or more in the past one month. The list is ranked based on one-month price performance and includes Quant Rating data where available. The list is topped by Global Business Travel Group, Inc. ( GBTG ),...
iQoncept/iStock via Getty Images As the month of May comes to an end this week, b elow is a list of the best performing consumer discretionary stocks with market capitalizations of approximately $3B or more in the past one month. The list is ranked based on one-month price performance and includes Quant Rating data where available. The list is topped by Global Business Travel Group, Inc. ( GBTG ), with an impressive one-month performance of 64.92%. Pattern Group Inc. ( PTRN ) and H&R Block, Inc. ( HRB ) follow, with Ford Motor Company ( F ) and Navan, Inc. ( NAVN ) rounding out the top five. Notably, Life Time Group Holdings, Inc. ( LTH ) earned a Strong Buy Quant Rating of 4.65, while other prominent names on the list include BorgWarner Inc. ( BWA ) and eBay Inc. ( EBAY ), each carrying Hold ratings. Here is the list: Global Business Travel Group, Inc. ( GBTG ), 1 month performance percentage: 64.92% Pattern Group Inc. ( PTRN ), 1 month performance percentage: 40.52% H&R Block, Inc. ( HRB ), 1 month performance percentage: 28.32% Ford Motor Company ( F ), 1 month performance percentage: 23.75% Navan, Inc. ( NAVN ), 1 month performance percentage: 22.63% Life Time Group Holdings, Inc. ( LTH ), 1 month performance percentage: 21.86% BorgWarner Inc. ( BWA ), 1 month performance percentage: 21.26% QuantumScape Corporation ( QS ), 1 month performance percentage: 20.64% eBay Inc. ( EBAY ), 1 month performance percentage: 17.74% Covista Inc. ( CVSA ), 1 month performance percentage: 15.46% Consumer Discretionary ETFs : ( XLY ), ( VCR ), ( FXD ), ( FDIS ), ( RSPD ), and ( RXI ) More on Consumer Discretionary stocks Weakness In Consumer Discretionary Stocks And The XLY ETF FDIS: Consumer Discretionary Dashboard For May VCR: Consumer Discretionary Sector Dashboard For April Retail rejoices: Restaurant stocks, leisure names, and e-commerce players rally US Customs processing $20.6B in importer tariff refunds: report
July WTI crude oil (CLN26) today is down -3.17 (-3.38%), and July RBOB gasoline (RBN26) is down -0.0498 (-1.58%). Crude oil and gasoline prices today extended Tuesday's sharp losses, with crude falling to a 5-week low and gasoline falling to a 6-week low. Crude prices are under pressure in hopes of a peace deal between the US and Iran that could soon reopen the Strait of Hormuz. Crude prices slid ...
July WTI crude oil (CLN26) today is down -3.17 (-3.38%), and July RBOB gasoline (RBN26) is down -0.0498 (-1.58%). Crude oil and gasoline prices today extended Tuesday's sharp losses, with crude falling to a 5-week low and gasoline falling to a 6-week low. Crude prices are under pressure in hopes of a peace deal between the US and Iran that could soon reopen the Strait of Hormuz. Crude prices slid today after Iranian television said it obtained an unofficial draft of the US-Iran memorandum, which said US military forces would lift the naval blockade of Iran while Iran would allow restored commercial transit shipping through the Strait of Hormuz. However, crude prices recovered more than half their losses when US officials said the unofficial draft obtained by Iranian state television is a "complete fabrication" and "not true." Don’t Miss a Day: On Tuesday, the Washington Post reported that the US and Iran have agreed to a memorandum extending the ceasefire by 60 days as the two sides seek a permanent deal. If agreed, the Strait of Hormuz would be de-mined and reopened in the meantime. Secretary of State Rubio said negotiations will still "take a few days" as both sides discuss language in an initial document. Earlier this month, the International Energy Agency (IEA) said in a monthly report that global observed oil inventories declined at about 4 million bpd in March and April, and that the market will remain "severely undersupplied" until October, even if the conflict ends next month. Energy prices remain underpinned by the US-Iran war, which is keeping the Strait of Hormuz essentially closed. The ongoing conflict is exacerbating global oil and fuel shortages, as about a fifth of the world's oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that crude output in the Persian Gulf has been curtailed by about 14.5 million bpd, and that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, which could ...
"I went to the port next to the beach and a lot of people are there," Rida said over the phone on Wednesday. "People packed up their stuff. Everyone is scared. I think that they will erase Tyre."
"I went to the port next to the beach and a lot of people are there," Rida said over the phone on Wednesday. "People packed up their stuff. Everyone is scared. I think that they will erase Tyre."
NicoElNino/iStock via Getty Images Shares of MDA Space Ltd. ( MDA , MDA:CA ) have surged nearly 40% since my last report . It brings the total return since I initiated coverage to over 340% on evolving demand profiles and valuation narratives for space companies. In this report, I discuss the evolving valuation narrative, the Q1 2026 earnings , the outlook for 2026 and I update my price target. No...
NicoElNino/iStock via Getty Images Shares of MDA Space Ltd. ( MDA , MDA:CA ) have surged nearly 40% since my last report . It brings the total return since I initiated coverage to over 340% on evolving demand profiles and valuation narratives for space companies. In this report, I discuss the evolving valuation narrative, the Q1 2026 earnings , the outlook for 2026 and I update my price target. Note: Dollar amounts in this report are in CAD unless mentioned otherwise. Valuation Narrative Evolves For Space Companies For space companies the valuation narrative is evolving. There are several driving factors behind that evolving narrative. The first one is that space is increasingly becoming a defense domain. It already was a defense domain, but more and more countries are looking to evolve their space and space intelligence capabilities. That is not only driven by the global threat levels that have been elevated for the past years leading to higher defense budgets, but it is also driven by the increasingly unpredictable relations between the U.S. and other countries which leads to increased demand for sovereign space solutions. The accelerated push in Europe for space and security autonomy is one example. The combination of increasing demand for security and defense purposes along with commercial demand leads to demand shifting from commercial broadband to security autonomy, which investors seem to be liking better given the relative stability that aerospace and defense typically holds. For space companies, however, that relative stability provides a significant opportunity for expanding valuation multiples and better operating leverage as volumes in the business are increasing. The upcoming IPO of SpaceX ( SPCX )provides further support for a reset on the valuation of space peers, though it should also be noted that the valuation levels that we are seeing for SpaceX are largely driven by AI in the best case, and in the worst case by an unsustainable premium for space ...
Oil prices, meanwhile, continued to decline after Iran’s Revolutionary Guard Corps said the possibility of a return to war with the U.S. was “low.” Optimism around the U.S. and Iran reaching a peace agreement, despite ongoing hostilities, appeared to be growing. The chip and tech stocks that have powered the market to record highs in recent weeks were mixed Wednesday.
Oil prices, meanwhile, continued to decline after Iran’s Revolutionary Guard Corps said the possibility of a return to war with the U.S. was “low.” Optimism around the U.S. and Iran reaching a peace agreement, despite ongoing hostilities, appeared to be growing. The chip and tech stocks that have powered the market to record highs in recent weeks were mixed Wednesday.
Key Points SpaceX’s planned IPO could be one of the largest public listings ever. Starlink is the key financial engine for SpaceX. The Starship transport system could emerge as the key growth catalyst for SpaceX’s next growth phase. These 10 stocks could mint the next wave of millionaires › SpaceX, the rocket and satellite company led by Elon Musk, could soon give investors a chance to buy into on...
Key Points SpaceX’s planned IPO could be one of the largest public listings ever. Starlink is the key financial engine for SpaceX. The Starship transport system could emerge as the key growth catalyst for SpaceX’s next growth phase. These 10 stocks could mint the next wave of millionaires › SpaceX, the rocket and satellite company led by Elon Musk, could soon give investors a chance to buy into one of the world's most valuable private companies. The company is targeting a June 2026 public listing that could raise $75 billion. At those share prices, SpaceX could be valued close to $2 trillion, potentially making it the largest IPO ever. The IPO is creating huge excitement. But at such a rich expected valuation, the real question is how much upside remains for investors who get in at the IPO. 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 » SpaceX already has a real business behind the hype SpaceX's satellite internet network, Starlink, which is designed to provide broadband service through thousands of satellites in low Earth orbit, has emerged as its key growth engine. The connectivity segment, driven primarily by Starlink, generated around $11.4 billion in revenue and $4.4 billion in operating income in 2025. The segment also generated $3.3 billion in revenue and $1.2 billion in operating income in the first quarter of 2026. Starlink had 10.3 million subscribers as of March 31, 2026, up from 5 million a year earlier. However, SpaceX's growth also depends heavily on Starship, the company's next-generation reusable rocket system. Starship is designed to carry much bigger loads into space than Falcon 9, SpaceX's current workhorse rocket. SpaceX expects Starship to launch its larger next-generation Starlink satellites, helping lower launch costs over time. The company expects Starship to support lunar...
Aliaksandr Litviniuk/iStock Editorial via Getty Images A planned joint venture between Eni ( E ) and Malaysia's Petronas to focus on developing and producing natural gas in Malaysia and Indonesia is forecast to reach net income of $2.7B and revenue of $6.7B in 2030, Reuters reported Wednesday, citing preliminary estimates included in documents cited by Italy's Il Messaggero . The JV named SEAR...
Aliaksandr Litviniuk/iStock Editorial via Getty Images A planned joint venture between Eni ( E ) and Malaysia's Petronas to focus on developing and producing natural gas in Malaysia and Indonesia is forecast to reach net income of $2.7B and revenue of $6.7B in 2030, Reuters reported Wednesday, citing preliminary estimates included in documents cited by Italy's Il Messaggero . The JV named SEARAH, whose binding agreement was signed last November, will have total assets worth $27.3B, and a consortium of international banks is structuring a revolving credit facility initially worth $6B to support SEARAH's investments in the 2026-30 period, according to the report . The deal, which is projected to reach output of ~500K boe/day in the medium term, is expected to become operational by the end of June. Separately, Eni ( E ) said it is not participating in any group interested in acquiring the former ILVA steelworks, and that its involvement is limited to exploring gas supply options for the facility. The denial follows a report by Domani that Eni ( E ) had submitted a proposal to the steelmaker in a consortium with Italian firm Arvedi. More on Eni Eni Q1 2026 Earnings Call Presentation Eni Returned Over 100% Since My Buy Call: Here Is How Much Upside Is Left Eni: Significant Strategic Progress In 2025