Prof Alan Stein and Dr Lynette Okengo support the call to declare the climate crisis a global public health emergency, and say prioritising children is vital for our future resilience We strongly support the call to declare the climate crisis a global public health emergency ( Report, 16 May ). If this approach is to be successful, it is vital that children are put at the forefront of our response...
Prof Alan Stein and Dr Lynette Okengo support the call to declare the climate crisis a global public health emergency, and say prioritising children is vital for our future resilience We strongly support the call to declare the climate crisis a global public health emergency ( Report, 16 May ). If this approach is to be successful, it is vital that children are put at the forefront of our response. We have ample evidence to show how important the early years of a child’s life are, and increasingly we are understanding how these years are being disrupted by climate change. Droughts, flooding, food insecurity, displacement and extreme heat are already affecting children’s nutrition, learning, and physical and mental health. Early impairments to development echo throughout your life, and certain physical impairments may even be passed on to subsequent generations. These impacts are occurring around the world and will become more severe as extreme weather events increase in their severity and number. For many countries, these impacts threaten decades of progress that has been made on child health and education. Continue reading...
Oura Health Oy filed confidentially for a US initial public offering, according to a person with knowledge of the matter. Ed Ludlow has more on "Bloomberg Markets." (Source: Bloomberg)
Oura Health Oy filed confidentially for a US initial public offering, according to a person with knowledge of the matter. Ed Ludlow has more on "Bloomberg Markets." (Source: Bloomberg)
Torsten Asmus/iStock via Getty Images In this article, we take a look at the closed-end fund ArrowMark Financial ( BANX ). The fund is fairly unique as it holds primarily regulatory capital relief securities. Below we discuss these securities in more detail and compare them to other higher-yielding credit assets that income investors may be more familiar with. BANX trades at a 9.1% current yield a...
Torsten Asmus/iStock via Getty Images In this article, we take a look at the closed-end fund ArrowMark Financial ( BANX ). The fund is fairly unique as it holds primarily regulatory capital relief securities. Below we discuss these securities in more detail and compare them to other higher-yielding credit assets that income investors may be more familiar with. BANX trades at a 9.1% current yield and a 6% discount. Fund Snapshot BANX holds primarily regulatory capital relief securities, as shown in the chart below. About three-fourths of the portfolio is sourced from G-SIBs, or large international banks with stricter regulatory oversight. ArrowMark The fund has relatively low leverage by credit CEF standards at around 12%. It charges a management fee of 1.75% of total assets, with total expenses at 3.3% before interest costs. That's very high by CEF standards and high by even BDC standards. Reg-Cap, By Any Other Name Regulatory capital relief securities can often go by different names, including synthetic risk transfer, on-balance sheet securitizations, credit risk-sharing, and others. All of these largely refer to the same type of securities but emphasize its different aspects. ArrowMark refers to them as regulatory capital relief securities, or RCRs, which is what we'll do here. Very broadly, we can think of these securities as privately issued CLO equity transactions. For example, a bank has a portfolio of loans that attracts a certain amount of regulatory capital, and it wants to achieve two things. One, it wants to continue a relationship with the borrower, which means that it doesn't want to sell the loan in the secondary market (typically called assigning a loan, which some borrowers don’t like). And two, it wants to reduce its required capital and achieve a higher level of return on equity. RCRs allow banks to achieve both goals. A bank will call up an institutional investor and ask them to underwrite a 10% first-loss piece on a large portfolio of loans. In e...
Harry Maguire and Fikayo Tomori are among the central defensive options to be left out of England's World Cup squad. Both players were named in Thomas Tuchel's previous squad, for the friendlies against Japan and Uruguay, but will not make the plane to North America. In a post on Instagram, Maguire confirmed: "I was confident I could have played a major part this summer for my country after the se...
Harry Maguire and Fikayo Tomori are among the central defensive options to be left out of England's World Cup squad. Both players were named in Thomas Tuchel's previous squad, for the friendlies against Japan and Uruguay, but will not make the plane to North America. In a post on Instagram, Maguire confirmed: "I was confident I could have played a major part this summer for my country after the season I've had. I've been left shocked and gutted by the decision. I wish the players all the best." Maguire's Manchester United team-mate Luke Shaw is also set to miss out despite his impressive season. Shaw was named in Tuchel's 55-man provisional squad and there has been a clamour for his inclusion. But, with Newcastle's Dan Burn and Manchester City's Nico O'Reilly in line to be called-up, Shaw is expected to miss out. Arsenal winger Noni Madueke is expected to make the final 26-man squad, joining team-mates Bukayo Saka and Declan Rice. Tuchel is set to name his squad on Friday for the World Cup, which starts on 11 June.
The artificial intelligence chip giant Nvidia (NVDA 1.48%) has done it again. Last night, Nvidia reported $1.87 in adjusted earnings per share on revenue of over $81.6 billion in the first quarter of its fiscal year 2027. Both numbers came in solidly ahead of Wall Street analyst consensus estimates. Furthermore, the company provided revenue guidance of $91 billion for the current quarter, well abo...
The artificial intelligence chip giant Nvidia (NVDA 1.48%) has done it again. Last night, Nvidia reported $1.87 in adjusted earnings per share on revenue of over $81.6 billion in the first quarter of its fiscal year 2027. Both numbers came in solidly ahead of Wall Street analyst consensus estimates. Furthermore, the company provided revenue guidance of $91 billion for the current quarter, well above consensus estimates calling for slightly below $87 billion. The stock traded roughly 1.70% lower, as of 12:34 p.m. ET. Nvidia announced that it will raise its quarterly dividend to $0.25 per share, up from $0.01, a 25-fold increase. Nvidia's board of directors also authorized an additional $80 billion in share repurchases, on top of the $38.5 billion remaining under its old share buyback program. The company returned roughly $20 billion to shareholders through repurchases and dividends in the first quarter of its fiscal year. Does the dividend hike and increased share repurchase authorization signal that the company is slowing down? Yes and no At first glance, investors might see the increased dividend and repurchase authorization as a positive, which they are overall. The company is returning more money to shareholders. However, increased capital distributions can lead investors to believe the company may see fewer opportunities to reinvest for growth and is now transitioning into a more mature company. Typically, larger blue chip stocks return more capital to shareholders, while growth stocks don't return any capital because they want to continue investing and taking market share. Expand NASDAQ : NVDA Nvidia Today's Change ( -1.48 %) $ -3.30 Current Price $ 220.17 Key Data Points Market Cap $5.4T Day's Range $ 217.94 - $ 227.37 52wk Range $ 129.16 - $ 236.54 Volume 4.6M Avg Vol 171M Gross Margin 71.07 % Dividend Yield 0.02 % Is Nvidia slowing? Well, it certainly seemed that way. In the company's fiscal year 2025, Nvidia grew adjusted revenue by 114% and adjusted dilute...
Key Points CHAT has outperformed the Nasdaq since its inception three years ago. It’s an easy way to invest in both the buyers and sellers of AI infrastructure. 10 stocks we like better than Tidal Trust II - Roundhill Generative Ai & Technology ETF › The rapid growth of the artificial intelligence (AI) market has driven many tech stocks to their record highs over the past few years. One of the big...
Key Points CHAT has outperformed the Nasdaq since its inception three years ago. It’s an easy way to invest in both the buyers and sellers of AI infrastructure. 10 stocks we like better than Tidal Trust II - Roundhill Generative Ai & Technology ETF › The rapid growth of the artificial intelligence (AI) market has driven many tech stocks to their record highs over the past few years. One of the biggest catalysts for that market was the rapid adoption of generative AI tools that create new content -- such as text, images, videos, and audio -- by learning patterns from massive datasets. From 2026 to 2033, the generative AI market could expand at a 40.8% CAGR, according to Grand View Research, as more industries adopt those tools. Therefore, it's still a great time to invest in the AI linchpins -- including Nvidia (NASDAQ: NVDA) and Broadcom -- even though their stocks have already skyrocketed over the past few years. 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 » However, if you want to diversify your investments across the entire generative AI market, it might be smarter to invest in an exchange-traded fund (ETF) that covers the whole sector. One of those ETFs is the Roundhill Generative AI & Technology ETF (NYSEMKT: CHAT), which promoted itself as the market's first-ever generative AI ETF upon its May 2023 launch. Let's see why analysts and investors are closely tracking this ETF -- and if it's still worth buying today. The key facts about CHAT CHAT has $1.75 billion in assets under management and holds 43 stocks in its portfolio. Its top six holdings are Nvidia (7.06% of its portfolio), Alphabet (6.56%), AMD (5.70%), SK Hynix (5.29%), Micron (5.24%), and Samsung (4.04%). It's risen nearly 240% since its inception, outpacing the S&P 500's 76% rally and the Nasdaq's 106% gain. Most of that growth w...
//php echo do_shortcode('[responsivevoice_button voice="US English Male" buttontext="Listen to Post"]') ?> AMD announced today (May 21) that it will invest more than $10 billion in Taiwan’s sprawling electronics ecosystem to boost production of AI chips and servers. The U.S. company also said it is ramping production of the industry’s first high-performance computing (HPC) chips on the 2-nm proces...
//php echo do_shortcode('[responsivevoice_button voice="US English Male" buttontext="Listen to Post"]') ?> AMD announced today (May 21) that it will invest more than $10 billion in Taiwan’s sprawling electronics ecosystem to boost production of AI chips and servers. The U.S. company also said it is ramping production of the industry’s first high-performance computing (HPC) chips on the 2-nm process at TSMC, the island’s chipmaking giant. It’s another sign that the AI buildup is not slowing down. Top tech giants such as Google and Meta, as well as private firms, are pouring record capital into AI infrastructure, according to a McKinsey report in April. Hyperscalers alone are projected to spend up to $700 billion on data centers in 2026, according to the global management consulting firm. “As AI adoption accelerates, our global customers are rapidly scaling AI infrastructure to meet growing compute demand,” said AMD CEO Lisa Su in a press statement. “By combining AMD leadership in HPC with the Taiwan ecosystem and our strategic global partners, we are enabling integrated, rack-scale AI infrastructure that helps customers accelerate deployment of next-generation AI systems.” The company is starting production of its sixth-generation EPYC CPUs, codenamed Venice, on TSMC’s 2-nm technology. Venice, the industry’s first HPC product to start production on 2 nm, will eventually migrate to TSMC’s Arizona production site, according to AMD. CPUs are undergoing a “renaissance” in the new AI era, with companies such as Arm, Intel, and Google jumping into the business. Partner Content View All By Raj Khattoi, Vice President and General Manager, Consumer, Computing and Communication, Infineon Technologies 05.18.2026 By Telink 05.17.2026 By Elytone Electronics 05.15.2026 Ramping Venice on TSMC’s 2-nm node will accelerate the next generation of AI infrastructure, according to Su. “As AI and agentic workloads scale rapidly, customers need platforms that can move from innovation to pro...
We Are/DigitalVision via Getty Images Sixth Street Specialty Lending, Inc. ( TSLX ) is seeing considerable pressure on its investment portfolio, which is in line with broader trends in the private credit market that we have seen so far in 2026. As a direct result of shrinking interest income and higher non-accruals, Sixth Street Specialty Lending under-earned its dividend with net investment incom...
We Are/DigitalVision via Getty Images Sixth Street Specialty Lending, Inc. ( TSLX ) is seeing considerable pressure on its investment portfolio, which is in line with broader trends in the private credit market that we have seen so far in 2026. As a direct result of shrinking interest income and higher non-accruals, Sixth Street Specialty Lending under-earned its dividend with net investment income by a significant margin in the last quarter, which resulted in a 9% dividend cut in May 2026. Sixth Street Specialty Lending has suffered a considerable contraction of its NAV premium as well, which reflects growing market concerns about the BDC being able to sustain its current quarterly dividend. With a dividend ratio of less than 90% in Q1'26, my dividend concerns are increasing as well, and I am downgrading shares of TSLX from 'Buy' previously to 'Hold' now. Seeking Alpha Previous Rating I initiated coverage on Sixth Street Specialty Lending only fairly recently, in January 2026, with a ‘Buy’ rating -- 1.06x Coverage, First Lien Focus, Strong Dividend -- amid a strong coverage position and a first lien-dominant portfolio structure. This report was followed up by Strong Value Despite Market Fears , which centered on the sector sell-off driven by SaaS concerns that I felt the market exaggerated at the time. So it is with some regret that I feel compelled to lower my stock rating on TSLX to ‘Hold’ after just two quarters, due to growing loan quality issues and a significant drop-off in portfolio income. We have also seen a number of dividend cuts in the market lately, including from major private credit platforms such as Blue Owl Capital ( OBDC ) and FS KKR Capital ( FSK ), which also raises concerns for me with regards to TSLX. Strong Investment Funding Supports The Value Proposition Sixth Street Specialty Lending suffered a serious drop in interest income and net investment income in the first quarter, which is a result of a shrinking portfolio as well as a higher numb...
Key Points Micron hasn't split its stock since 2000. Micron's profits and revenues are soaring thanks to a major shortage of memory chips. 10 stocks we like better than Micron Technology › After any stock experiences a major (and apparently durable) rise, it's almost inevitable that some people will start discussing the possibility that the company will consider a stock split. Case in point: A yea...
Key Points Micron hasn't split its stock since 2000. Micron's profits and revenues are soaring thanks to a major shortage of memory chips. 10 stocks we like better than Micron Technology › After any stock experiences a major (and apparently durable) rise, it's almost inevitable that some people will start discussing the possibility that the company will consider a stock split. Case in point: A year ago, Micron (NASDAQ: MU) was trading for around $100 per share, a price that's relatively accessible to retail investors. Now, however, after it has risen by more than 600% in just 12 months to over $700 per share, such a move seems more reasonable. 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 » So, could Micron be splitting its stock soon? An investor looking at tablet and smiling. Image source: Getty Images. It has been a long time since Micron split its stock It has been more than 25 years since Micron's last stock split. In May 2000, it split its stock 2-for-1, following another 2-for-1 split in 1995. Stock splits were a lot more common back then, and there's no indication of how Micron will act now. However, once a stock nears $1,000, the general mood of most management teams is to enact a stock split. This makes it more affordable for the company to include stock options in employee compensation plans; otherwise, options contracts (which are usually for 100 shares) would be quite expensive to hand out. So, can Micron keep running to $1,000 per share? I think it can. Micron is a memory chip producer, and the supply of server memory chips is essentially sold out, and future production has been bought in advance, thanks to insatiable AI data center demand. Even regular PC memory, which used to be quite cheap, has skyrocketed in price due to the supply crunch. This has allowed Micron and its peers to...
StepStone ( STEP ) declares $0.28/share quarterly dividend , in line with previous. Forward yield 2.07% The Board of Directors of the Company has also declared a supplemental cash dividend of $0.55 per share. Payable June 30; for shareholders of record June 15; ex-div June 15. See STEP Dividend Scorecard, Yield Chart, & Dividend Growth. More on StepStone StepStone Group Inc. (STEP) Q4 2026 Earning...
StepStone ( STEP ) declares $0.28/share quarterly dividend , in line with previous. Forward yield 2.07% The Board of Directors of the Company has also declared a supplemental cash dividend of $0.55 per share. Payable June 30; for shareholders of record June 15; ex-div June 15. See STEP Dividend Scorecard, Yield Chart, & Dividend Growth. More on StepStone StepStone Group Inc. (STEP) Q4 2026 Earnings Call Transcript StepStone Group Inc. 2026 Q4 - Results - Earnings Call Presentation StepStone signals continued fiscal 2027 FRE growth as UFEC reaches $40b and board declares $0.55 supplemental dividend StepStone group announces $100 million stock repurchase program Seeking Alpha’s Quant Rating on StepStone
The dollar index (DXY00) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz are boosting safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in Iran. Also, today's +2% jump in WTI crude oil raises inflation expectations that could prompt the Fed to tighten m...
The dollar index (DXY00) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz are boosting safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in Iran. Also, today's +2% jump in WTI crude oil raises inflation expectations that could prompt the Fed to tighten monetary policy, a bullish factor for the dollar. In addition, today's stock weakness has boosted some liquidity demand for the dollar. The dollar added to its gains today after the US May manufacturing PMI expanded at its strongest pace in four years. Today's US economic news is mixed for the dollar after manufacturing and housing activity were better than expected, but the May Philadelphia Fed business outlook survey fell more than expected to a 5-month low. Join 200K+ Subscribers: US weekly initial unemployment claims fell -3,000 to 209,000, close to expectations of 210,000. US Apr housing starts fell -2.8% m/m to 1.465 million, a smaller decline than expectations of 1.410 million. Apr building permits, a proxy for future construction, rose +5.8% m/m to 1.442 million, stronger than expectations of 1.384 million. The US May Philadelphia Fed business outlook survey fell -27.1 to a 5-month low of -0.4, weaker than expectations of 17.8. The US May S&P manufacturing PMI unexpectedly rose +0.8 to 55.3, stronger than expectations of a decline to 53.8 and the strongest pace of expansion in 4 years. 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) fell to a 6-week low today and is down by -0.33%. The dollar's strength today is weighing on the euro. Also, today's economic news showing that the Eurozone's May manufacturing and composite PMIs fell more than expected is bearish for the euro. In addition, today's +2% jump in crude oil prices is negative for the Eurozone economy and the euro, as Europe imports mo...
Oracle ORCL has generated significant investor enthusiasm in 2026, fueled by management's ambitious forward-looking targets and an AI infrastructure demand environment that continues to support accelerating cloud revenue growth. ORCL shares have returned 32% over the past three months, outperforming the Zacks Computer and Technology sector and the Zacks Computer - Software industry. The company ra...
Oracle ORCL has generated significant investor enthusiasm in 2026, fueled by management's ambitious forward-looking targets and an AI infrastructure demand environment that continues to support accelerating cloud revenue growth. ORCL shares have returned 32% over the past three months, outperforming the Zacks Computer and Technology sector and the Zacks Computer - Software industry. The company raised its fiscal 2027 revenue guidance to $90 billion, as AI compute and inferencing demand continues to outpace available supply — a structural tailwind it expects to sustain strong revenue growth across the medium and long term. ORCL Outperforms Sector In 3-Months Image Source: Zacks Investment Research A Record-Breaking Quarter Validates the Strategy Fiscal third-quarter 2026 results, reported March 10, 2026, offered strong evidence that Oracle's cloud and AI investments are converting to revenues at scale. Total revenues rose 22% in U.S. dollars to $17.2 billion — the first quarter in over 15 years where both organic total revenues and non-GAAP earnings per share each grew at 20% or more in USD. Cloud revenues climbed 44% in USD to $8.9 billion, with Cloud Infrastructure revenues surging 84% to $4.9 billion, while Cloud Application revenues reached $4.0 billion, up 13%. Non-GAAP earnings per share came in at $1.79, beating guidance, and GAAP net income reached $3.7 billion. Non-GAAP operating income grew 19% to $7.4 billion. Multicloud database revenues soared 531% year over year, and Remaining Performance Obligations ended at $553 billion, up 325% and $29 billion higher sequentially. Fusion Cloud ERP grew 17%, and NetSuite Cloud ERP expanded 14%. These third-quarter results broadly beat management's expectations across key metrics. For fiscal fourth-quarter 2026, Oracle guided total revenues to grow between 19% and 21% in USD, with cloud revenues projected to expand 46% to 50% in USD and non-GAAP EPS of $1.96 to $2. Oracle also maintained its fiscal 2026 revenue target ...
In a warehouse or factory, spatial computing can be used to run simulations and work out potential problems before building the facility in the real world, according to HRD. Or leveraging digital twins, researchers from around the world can gather in a virtual environment to interact with molecular structures and simulate new drug compounds in real time. Take the operating room for one example. Wi...
In a warehouse or factory, spatial computing can be used to run simulations and work out potential problems before building the facility in the real world, according to HRD. Or leveraging digital twins, researchers from around the world can gather in a virtual environment to interact with molecular structures and simulate new drug compounds in real time. Take the operating room for one example. With spatial computing a surgeon in one location can guide a nurse in a different location through a complex procedure using augmented reality, said Burrus. Burrus Research CEO Daniel Burrus reportedly told HRD that most "compelling use cases" for spatial computing are showing up in a handful of industries including healthcare, manufacturing, engineering, defense and training environments. That's because it enables access to real-time data, remote collaboration and a risk-free environment to test and master complex and high-cost procedures. With spatial computing, workers are able to interact with digital objects as if they were in a physical space. While the technology hasn't landed on human resources departments' radars yet, it is moving from the experimental phase to real-world applications, HRD reported. Known as spatial computing, it melds AI , augmented reality, virtual reality, mixed reality, digital twins and wearable interfaces, to integrate both the physical and digital environment in real time. While that may have killed Zuckerberg’s dream of a working world in which employees become avatars in virtual boardrooms, it hasn't stopped a new approach to how we work from emerging. Think the biggest tech gains happen after an IPO? Click here to see why some investors are looking at opportunities before companies go public. But four years after changing its name to Meta, the company began scaling back its VR ambitions to pivot toward artificial intelligence in January, according to media report s. Zuckerberg's Metaverse was supposed to transform the way we work, melding V...
There are, by all appearances, more than enough dollars flowing into Argentina for the country to fulfill its pledge to replenish its depleted foreign reserves. Each week, they pour in, the result of factors such as a boom in commodity exports and corporate bond sales. The problem, analysts say, is that accumulating reserves swells the supply of pesos in the economy and could, in turn, exacerbate ...
There are, by all appearances, more than enough dollars flowing into Argentina for the country to fulfill its pledge to replenish its depleted foreign reserves. Each week, they pour in, the result of factors such as a boom in commodity exports and corporate bond sales. The problem, analysts say, is that accumulating reserves swells the supply of pesos in the economy and could, in turn, exacerbate a recent pickup in inflation. This makes top aides in President Javier Milei ’s administration nervous. Their biggest policy achievement has been the taming of hyperinflation, and the last thing they want to see is for prices to start soaring again. That creates a quandary for the central bank: Ideally, officials would prefer to amass reserves at a slower pace. The bank has already added some $3 billion in gross reserves this year, putting it on track to hit objectives agreed on with the International Monetary Fund. The bank’s officials are confident that dollar inflows will remain robust enough to allow them to ratchet purchases back up later in the year, according to a person familiar with the matter who asked not to be identified. For now, however, policymakers are constrained by the lack of genuine demand for pesos in an economy dogged by uneven growth . Wage growth, when adjusted for inflation, remains weak, loan delinquency rates are rising and banks are becoming more selective about who they lend to. Although Milei has been flagging signs of recovery since the beginning of the year, Economy Minister Luis Caputo said in a local radio interview this week that the economy should start to accelerate in May and June. Policymakers, as a result, risk exacerbating the inflation spike if they print more pesos — through their dollar purchases — than the economy needs. While the central bank’s daily dollar purchases are down this month to an average of $124 million from $138 million in April, they have picked up over the last few days, according to data published on its website...