Forgent Power Solutions ( FPS ) on Tuesday announced a public offering of its Class A common stock. The offering consists of 23.74M shares of Class A common stock being offered by parent entities of the company controlled by Neos Partners and 11.25M shares of Class A common stock being offered by Forgent. In addition, the selling stockholders and the company intend to grant the underwriters a 30-d...
Forgent Power Solutions ( FPS ) on Tuesday announced a public offering of its Class A common stock. The offering consists of 23.74M shares of Class A common stock being offered by parent entities of the company controlled by Neos Partners and 11.25M shares of Class A common stock being offered by Forgent. In addition, the selling stockholders and the company intend to grant the underwriters a 30-day option to purchase up to an additional 3.49M shares and 1.75M shares, respectively, of Class A common stock at the public offering price, less underwriting discounts and commissions. Forgent will not receive any proceeds from the sale of shares by the Selling Stockholders, and the net proceeds Forgent receives from the sale of its shares will be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners. More on Forgent Power Solutions, Inc. Forgent Power Solutions: Powering On Post Its Public Offering Forgent projects $1.35B-$1.39B FY 2026 revenue with Q4 adjusted EBITDA of $100M-$110M Forgent Power Solutions surges to record high as revenue crushes expectations, guidance jumps
monsitj/iStock via Getty Images Gold futures edged lower Tuesday as Brent crude oil rebounded following fresh U.S. attacks on Iran as well as persistent concerns over inflation and higher-for-longer interest rates. "The bond markets are thinking that the next rate move by the Federal Reserve is going to be an increase—a negative for the gold market," American Gold Exchange market analyst Jim Wyc...
monsitj/iStock via Getty Images Gold futures edged lower Tuesday as Brent crude oil rebounded following fresh U.S. attacks on Iran as well as persistent concerns over inflation and higher-for-longer interest rates. "The bond markets are thinking that the next rate move by the Federal Reserve is going to be an increase—a negative for the gold market," American Gold Exchange market analyst Jim Wyckoff said in a note. Brent crude climbed 3.5% as uncertainty prevailed over whether the U.S. and Iran would reach a deal ending their conflict and when shipping flows through the Strait of Hormuz would resume. Elevated crude oil prices risk fueling inflation and reinforcing expectations that interest rates will stay higher for longer, and higher borrowing costs tend to weigh on the non-yielding metal. Meanwhile, UBS lowered its year-end gold price target by $400/oz to $5,500/oz due to persistent risks from higher yields and a stronger dollar. Gold and silver demand are being reshaped by India's new import tariff regime, according to precious metals analysts at Heraeus, as the government recently raised import duties on gold and silver to 15% from 6%. The rupee can come under pressure when commodity prices rise, Heraeus analysts said in a note, and "historically, India has moved to shore up its currency by increasing taxes on imports to disincentivize them and improve its balance of payments." "Many Indian bullion investors have sold into the market" following the announcement, the analysts wrote. "This profit-taking led to discounts of ~$200/oz over official domestic prices on 14 May," as Indian banks had just restarted importing gold and silver after agreeing to pay the 3% Integrated Goods and Services Tax. "This follows a month-long pause on shipments, which combined with the increased duties on 13 May, could reduce India's gold and silver imports for Q2 2026 significantly," according to Heraeus. On Tuesday, f ront-month Comex gold ( XAUUSD:CUR ) for May delivery slipp...
SpaceX and the Pentagon have been bickering about the price of using Starshield satellite service during the Iran war, according to a Reuters report published today. It appears that SpaceX asked the military for more money after it started using satellite terminals on "kamikaze" attack drones in Iran. SpaceX CEO Elon Musk claimed the Reuters report is wrong. But Musk also said the military drones ...
SpaceX and the Pentagon have been bickering about the price of using Starshield satellite service during the Iran war, according to a Reuters report published today. It appears that SpaceX asked the military for more money after it started using satellite terminals on "kamikaze" attack drones in Iran. SpaceX CEO Elon Musk claimed the Reuters report is wrong. But Musk also said the military drones initially used the commercial Starlink service instead of the government-specific network, in violation of Starlink's terms of service. Musk blamed the violation on the contractor that built the drones for the government. The Reuters report, based on Pentagon documents and interviews with sources familiar with the pricing talks, said that SpaceX recently asked the military to pay $25,000 for Starshield access on each kamikaze drone. The Pentagon, which previously paid $5,000 for each connection, objected to the price hike but ultimately agreed to pay it, according to Reuters. Read full article Comments
Vestand ( VSTD ) said on Tuesday it received a Nasdaq staff delisting determination due to its failure to file multiple periodic reports, including its annual report for 2025. The company said it has not yet filed its quarterly reports for the periods ended Sept. 30, 2025, and March 31, 2026, as well as its annual report for the year ended Dec. 31, 2025, putting it out of compliance with Nasdaq li...
Vestand ( VSTD ) said on Tuesday it received a Nasdaq staff delisting determination due to its failure to file multiple periodic reports, including its annual report for 2025. The company said it has not yet filed its quarterly reports for the periods ended Sept. 30, 2025, and March 31, 2026, as well as its annual report for the year ended Dec. 31, 2025, putting it out of compliance with Nasdaq listing rules. Vestand said it requested a hearing before a Nasdaq Hearings Panel on May 22, which temporarily stays any suspension action while the company works to complete the delayed filings. More on Yoshiharu Global Financial information for Yoshiharu Global
Shares of Eos Energy Enterprises (EOSE +8.25%) surged on Tuesday, rallying 13% in early morning trading and closing the day up 8.3%. This company has developed zinc-based battery energy storage systems (BESS) as an alternative to conventional lithium-ion batteries and is already sitting on a backlog worth of $600 million. A fresh analyst endorsement sent EOS stock soaring today. Eos Energy stock i...
Shares of Eos Energy Enterprises (EOSE +8.25%) surged on Tuesday, rallying 13% in early morning trading and closing the day up 8.3%. This company has developed zinc-based battery energy storage systems (BESS) as an alternative to conventional lithium-ion batteries and is already sitting on a backlog worth of $600 million. A fresh analyst endorsement sent EOS stock soaring today. Eos Energy stock is gaining attention Analysts at Needham have initiated coverage of Eos Energy stock with a buy rating and a $11 price target. Needham released their rating just before the end of last week. The firm issued its rating late last week. With Eos Energy shares closing at $8.06 on May 21, Needham's target implied nearly 36% upside from the stock's closing price. Expand NASDAQ : EOSE Eos Energy Enterprises Today's Change ( 8.25 %) $ 0.67 Current Price $ 8.72 Key Data Points Market Cap $2.7B Day's Range $ 8.18 - $ 9.07 52wk Range $ 3.69 - $ 19.86 Volume 955.5K Avg Vol 28.3M Gross Margin -10187.67 % Needham highlighted Eos Energy's strong position as a U.S.-based manufacturer of zinc batteries, noting that the company has reached a critical turning point in its commercial rollout. The firm believes Eos provides unique investment exposure to trends such as artificial intelligence (AI) power demand and utility-scale storage growth. With its technology already proven, the test for Eos now lies in its manufacturing execution. Why Eos is a stock to watch This analyst upgrade follows a massive earnings beat. Eos recently reported a surprise first-quarter djusted profit of $0.12 per share on 445% revenue growth. It delivered 5.7 times more battery modules during the quarter as it automated factories and scaled up production. Eos has also partnered with Cerberus Capital to create an independent company called Frontier Power USA, with the asset manager committing $100 million to the venture. Frontier Power will develop and operate long-duration energy storage projects using Eos Energy's zinc...
Lockheed Martin ( LMT ) announced on Tuesday that its Aeronautics unit secured a $100.5M firm-fixed-price order under a previously issued agreement. The order includes 1,459 brake assembly heat sinks (including 1,075 units for F-35A aircraft and 384 units for F-35B aircraft) to support fleet maintenance and reliability. Funding at the time of award includes $43.8M from the Air Force (FY26), $28.6M...
Lockheed Martin ( LMT ) announced on Tuesday that its Aeronautics unit secured a $100.5M firm-fixed-price order under a previously issued agreement. The order includes 1,459 brake assembly heat sinks (including 1,075 units for F-35A aircraft and 384 units for F-35B aircraft) to support fleet maintenance and reliability. Funding at the time of award includes $43.8M from the Air Force (FY26), $28.6M from the Navy (FY26), $10.9M from FMS, and $17.2M from program partner funds. The contract will be executed in South Bend, Indiana, and is scheduled for completion by March 2030. The Naval Air Systems Command is the contracting activity. More on Lockheed Martin Lockheed Martin: The Defense Supercycle Is Here, But Not All Growth Will Flow To The Bottom Line Lockheed Martin Q1 2026: Noise Vs. Signal In The Defense Sector Lockheed Martin: Q1 Reality Check And The Road To 2030 China delays Pentagon official’s visit as Trump weighs Taiwan arms deal: FT Billionaire Rinehart builds $97M stake in U.S. defense contractors
We are approaching the third month since the traffic across the Strait of Hormuz declined significantly. Initially, the U.S. estimates talked about a war that would have lasted no more than eight weeks, but as of now the situation remains pretty much in a stalemate phase. The ceasefire halted bombings, but the Strait remains closed, and there is no relief for the global energy supply chain. Over t...
We are approaching the third month since the traffic across the Strait of Hormuz declined significantly. Initially, the U.S. estimates talked about a war that would have lasted no more than eight weeks, but as of now the situation remains pretty much in a stalemate phase. The ceasefire halted bombings, but the Strait remains closed, and there is no relief for the global energy supply chain. Over the last few weeks, new important updates about the U.S. oil reserves came out, and some of them looked very concerning: From May 8 to May 15, the US Strategic Petroleum Reserve (SPR) decreased by 9.90 million barrels , the largest single-week drawdown in history. Over the same reference period, U.S. commercial crude oil inventories dropped by 7.90 million barrels compared to the previous week. So, is the U.S. really running out of oil? Let’s see what the data tells us. Why the U.S. Oil Boom Can't Save Its Strategic Reserves The U.S. currently holds 819.18 million barrels of oil . This amount is the sum of two categories: Commercial Inventories (~445 million barrels), which represent the amount of oil reserves owned by private energy companies. These reserves are stored in commercial tank farms or inside oil refineries and are used for daily operations. Strategic Petroleum Reserve (SPR) (~374 million barrels), which is the government's emergency oil reserve and serves to counter potential energy shocks like the one we are currently facing. When the energy supply chain suffers a major blow, the government steps in and unleashes millions of barrels of oil. Simply put, you can consider the commercial inventories as your checking account and the SPR as your savings account. When you run out of money in your savings account, this is when things start to look very bad. Therefore, if we want to understand whether the U.S. can overcome the current energy crisis or not, we need to focus mostly on the SPR. Is the latter large enough? Well, it depends. EIA First of all, the timing in w...
Airbus SE sees an opportunity to build helicopters in Canada for global export if it wins upcoming government contracts, as the country embarks on a historic defense spending spree and pushes to expand manufacturing jobs. The European firm already employs more than 5,000 people in Canada, and it’s now growing its ambitions as Prime Minister Mark Carney ’s government seeks closer ties with Europe, ...
Airbus SE sees an opportunity to build helicopters in Canada for global export if it wins upcoming government contracts, as the country embarks on a historic defense spending spree and pushes to expand manufacturing jobs. The European firm already employs more than 5,000 people in Canada, and it’s now growing its ambitions as Prime Minister Mark Carney ’s government seeks closer ties with Europe, said Olivier Michalon , executive vice president of global business for Airbus Helicopters. “Clearly, if Airbus helicopters are selected for any of the big upcoming campaigns and there is an industrial project which is tied to this contract, it’s an opportunity to export what would be manufactured here to the worldwide market,” he said in an interview in Ottawa. “We’re selling helicopters to 170 countries around the world and not everything has to come necessarily from our main plants in France or in Germany.” Carney’s government has launched a sweeping defense industrial strategy to spend more of its growing military budget at home and reduce reliance on US suppliers. As part of that shift, it’s demanding stronger job and investment commitments from foreign firms when it buys their gear. Airbus briefed reporters on Tuesday ahead of a major defense-industry exhibition in Canada’s capital. Germany and Poland’s defense ministers are slated to speak at CANSEC , which is drawing as many as 20,000 delegates — a sign of surging interest in selling military equipment to Canada. The company is eyeing three major helicopter projects in Canada, including for the Canadian Armed Forces , the Canadian Coast Guard and the Royal Canadian Mounted Police . Michalon said Airbus has been talking to government officials about their helicopter needs and how to generate more domestic value, and potentially exports, from Canada. Defense Minister David McGuinty ’s office didn’t immediately respond to a request for comment. Read More: AirAsia Signs Major Deal for Airbus A220 Jets Made in Canada Mic...
The dollar index (DXY00) on Tuesday fell by -0.07%. The dollar moved lower on Tuesday amid signs that peace negotiations between the US and Iran are progressing, which curbed safe-haven demand for the dollar. Also, Tuesday's rally in the S&P 500 to a new record high has dampened liquidity demand for the dollar. In addition, Tuesday's -2% fall in crude oil prices lowers inflation expectations and m...
The dollar index (DXY00) on Tuesday fell by -0.07%. The dollar moved lower on Tuesday amid signs that peace negotiations between the US and Iran are progressing, which curbed safe-haven demand for the dollar. Also, Tuesday's rally in the S&P 500 to a new record high has dampened liquidity demand for the dollar. In addition, Tuesday's -2% fall in crude oil prices lowers inflation expectations and may prompt the Fed to ease monetary policy, a negative factor for the dollar. The dollar recovered from its worst level after the US May consumer confidence index fell less than expected. The US Apr Chicago Fed National Activity Index rose +0.29 to a 13-month high of 0.14, stronger than expectations of -0.03. Join 200K+ Subscribers: The US Mar S&P Composite-20 home price index rose +0.83% y/y, a smaller increase than expectations of +0.90% y/y and the smallest year-on-year gain in more than 2.5 years. The Conference Board US May consumer confidence index fell -0.7 to 93.1, a smaller decline than the 92.0 expected. Swaps markets are discounting the odds at 3% for a 25 bp rate cut at the next FOMC meeting on June 16-17. EUR/USD (^EURUSD) on Tuesday fell by -0.13%. The moved lower on Tuesday amid comments from ECB Executive Board member Isabel Schnabel, who said the negative impact on economic growth in the Eurozone due to the energy shock from the Iran war will be stronger than initially feared. Losses in the euro were limited after ECB Chief Economist Philip Lane said the ECB will probably raise its quarterly inflation outlook at next month's policy meeting. Also, ECB Executive Board member Isabel Schnabel said the ECB should hike interest rates in June. ECB Executive Board member Isabel Schnabel said even if there's a quick resolution to the conflict in the Middle East, "I think a rate hike by the ECB in June will be needed." She added that "given the high persistence of the energy shock, I believe that the negative impact on economic growth will also be stronger" than initi...
Key Points Bloom Energy is deploying energy servers to AI data centers -- and cashing in on the demand. Nano Nuclear Energy is developing a microreactor that could supply clean, reliable power. 10 stocks we like better than Bloom Energy › Energy is the vital force powering the economy. And as artificial intelligence (AI) and data centers create new demands for electricity, the energy sector is exp...
Key Points Bloom Energy is deploying energy servers to AI data centers -- and cashing in on the demand. Nano Nuclear Energy is developing a microreactor that could supply clean, reliable power. 10 stocks we like better than Bloom Energy › Energy is the vital force powering the economy. And as artificial intelligence (AI) and data centers create new demands for electricity, the energy sector is expected to grow immensely in the coming decades. For investors looking for exposure to this growing industry, the following two growth stocks are easily worth a $100 investment. 1. Bloom Energy Bloom Energy (NYSE: BE) is hands down one of the most momentous energy stocks on the market today. The clean energy supplier has grown by over 200% since the start of the year -- and a whopping 1,450% since last year. 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 » In a nutshell, Bloom makes big box-shaped energy servers that allow businesses to generate electricity on-site instead of buying all of it from the grid. These mini power plants ensure the lights stay on even when the main power grid goes out. That makes them perfect for clients who need reliable 24/7 power, like hospitals and data centers. Indeed, one of Bloom's first "proof of concept" moments was in the early stages of the COVID-19 pandemic, when it deployed energy servers to a field hospital in Sacramento. The 400-kilowatt (KW) "microgrid" was installed in less than a week and provided power to the makeshift medical facility, itself a response to California's overcrowded hospitals. Since 2025, Bloom's marquee client list has grown stronger due to high demand from AI data centers. Bloom inked its biggest deal with Brookfield Asset Management at the end of 2025, a $5 million agreement to deploy Bloom's servers for the asset manager's AI factories. It rec...
(0:45) - Why Should Investors Care About Share Buybacks? (5:35) - ProShares S&P 500 Buyback Aristocrats ETF: BUYB (11:00) - ProShares S&P 500 Dividend Aristocrats ETF: NOBL (15:30) - Breaking Down The Current Market Valuations (21:10) - ProShares S&P Technology Dividend Aristocrats ETF: TDV (27:20) - ProShares Nasdaq-100 Dorsey Wright Momentum ETF: QQQA (31:00) - Episode Roundup: WDC, STX Podcast@...
(0:45) - Why Should Investors Care About Share Buybacks? (5:35) - ProShares S&P 500 Buyback Aristocrats ETF: BUYB (11:00) - ProShares S&P 500 Dividend Aristocrats ETF: NOBL (15:30) - Breaking Down The Current Market Valuations (21:10) - ProShares S&P Technology Dividend Aristocrats ETF: TDV (27:20) - ProShares Nasdaq-100 Dorsey Wright Momentum ETF: QQQA (31:00) - Episode Roundup: WDC, STX Podcast@Zacks.com In this episode of ETF Spotlight, I speak with Kieran Kirwan, Director, Investment Strategy at ProShares, about buyback, dividend growth, and momentum strategies. American companies are buying back their shares at a record pace. S&P 500 companies announced plans to buy back $665 billion worth of shares in the four months through April, the most ever to start a year, according to Bloomberg. Earlier this month, Apple AAPL announced a new $110 billion buyback program. And last week, NVIDIA NVDA announced an $80 billion share buyback plan. Share repurchases are down sharply for the rest of the Magnificent Seven this year, as these companies are spending heavily on their AI buildout. The ProShares S&P 500 Buyback Aristocrats ETF BUYB is the first and only ETF focused exclusively on companies with a consistent history of share buybacks. According to academic research, this strategy has historically tended to outperform other companies. Dividend-paying stocks have been out of favor lately, as most investors have piled into growth stocks, while dividend payers are traditionally more mature companies in old-economy sectors. The ProShares S&P 500 Dividend Aristocrats ETF NOBL invests in companies that have grown dividends for more than 25 years. Is it time to invest in these high-quality companies with solid balance sheets and stable cash flows? The Nasdaq-100 Dorsey Wright Momentum ETF QQQA invests in 21 leading stocks from the Nasdaq-100, based on their momentum. The fund has skyrocketed 51% this year, thanks mainly to the surge in stocks like Micron Technology MU and Int...
Hasan Piker Says Quiet Part Out Loud, Maps Radical Left NGO Network To China-Based Marxist Financier Far-left Turkish-American millionaire and Twitch streamer Hasan Piker appears to have committed an operational-security mistake by publicly identifying American Marxist tech financier Neville Roy Singham, who has reportedly been living in China and has been linked by The New York Times to CCP-align...
Hasan Piker Says Quiet Part Out Loud, Maps Radical Left NGO Network To China-Based Marxist Financier Far-left Turkish-American millionaire and Twitch streamer Hasan Piker appears to have committed an operational-security mistake by publicly identifying American Marxist tech financier Neville Roy Singham, who has reportedly been living in China and has been linked by The New York Times to CCP-aligned propaganda networks, as a major financier of pro-Marxist revolutionary NGOs operating inside the U.S. On Sunday, Piker discussed the U.S. Treasury's " Requests for Information " subpoena related to his "humanitarian trip" to Cuba with pro-China CodePink cofounder Susan Medea Benjamin. That story was first published by Fox News' lead NGO investigator, Asra Nomani , on Saturday. Piker pointed out that the Treasury likely has a broader target, is "probably Singham" and "his operation," naming PSL (Party for Socialism and Liberation), ANSWER Coalition, Code Pink, and "anything that he has ever financed." He then acknowledged that Roy Singham lives in China and has been "a funding vehicle" for political movements and activism in the U.S. We're sure Singham network comrades are absolutely furious with Piker because, as NGO investigator Stu Smith wrote on X, "Hasan didn't refute the network. He mapped it." 🚨 Hasan Names Singham, PSL, ANSWER, and Code Pink in One Breath On stream today, Hasan Piker discussed the reported Treasury scrutiny and said the broader target is “probably Singham” and “his operation,” naming PSL (Party for Socialism and Liberation), ANSWER Coalition, Code… pic.twitter.com/0zpYhJbPV2 — Stu Smith (@thestustustudio) May 25, 2026 Piker's disclosure of Singham on a livestream is significant because it appears to validate long-standing concerns from congressional, Treasury, and State Department investigators that the Singham-funded nonprofit network is not only engaged in charitable work but is also a far-left agitation network financed by Singham in China . Ti...