Gold headed for a fourth weekly gain after President Donald Trump expressed optimism that the US and Iran could agree a permanent ceasefire to end the war that’s upended markets and heightened inflation fears. Bullion was steady near $4,795 an ounce in early trading, having added nearly 1% this week. Trump said on Thursday that Iran had agreed to terms it has long resisted, including the reopening...
Gold headed for a fourth weekly gain after President Donald Trump expressed optimism that the US and Iran could agree a permanent ceasefire to end the war that’s upended markets and heightened inflation fears. Bullion was steady near $4,795 an ounce in early trading, having added nearly 1% this week. Trump said on Thursday that Iran had agreed to terms it has long resisted, including the reopening of the Strait of Hormuz, although some European and Gulf Arab leaders predicted that a US-Iran peace deal could take about six months to be brokered. Trump also announced that Israel and Lebanon had agreed to a 10-day ceasefire, a move that was later confirmed by Israeli Prime Minister Benjamin Netanyahu. But control over Hormuz, the key waterway that links the Persian Gulf to global markets, remains contentious, with a US naval blockade still in place and Iran pressing ahead with plans to charge ships for transit even after the war is over. Read More: Trump Says Deal With Iran ‘Looking Very Good’ Amid Ceasefire Oil fell on Friday, a day after US stocks pushed to another record high. A recent retreat in energy prices has relieved some of the inflationary pressure that has weighed on bullion since the war began seven weeks ago. Concern about rising consumer prices has led traders to bet that central banks will hold interest rates steady for longer or even hike them — a headwind for non-yielding bullion. Federal Reserve Bank of New York President John Williams said on Thursday that high uncertainty should prevent policymakers from providing any strong guidance on the future path of rates, though his outlook still includes cuts in the longer term. “The underlying backdrop has shifted in a more constructive direction,” Ole Hansen , head of commodity strategy at Saxo Bank AS, wrote in a note. “Lower real yields, a softer dollar, renewed rate-cut expectations and very light speculative positioning collectively point toward a market that is rebuilding rather than breaking down,” ...
Stocks in Asia looked set to open lower Friday as investors weighed a barrage of headlines on the Middle East conflict, including warnings the US-Iran war may drag on for months. Equity-index futures for Australia, Japan and Hong Kong all pointed to declines, trimming gains made by all those markets this week. US stock futures were little changed after the S&P 500 Index edged up Thursday 0.3% to a...
Stocks in Asia looked set to open lower Friday as investors weighed a barrage of headlines on the Middle East conflict, including warnings the US-Iran war may drag on for months. Equity-index futures for Australia, Japan and Hong Kong all pointed to declines, trimming gains made by all those markets this week. US stock futures were little changed after the S&P 500 Index edged up Thursday 0.3% to another all-time high. Netflix Inc. slid in after-hours trading after issuing a second-quarter forecast that missed analysts’ expectations. West Texas Intermediate crude fell at the start of Asian trade after rising Thursday when people familiar said some Gulf Arab and European officials indicated a US-Iran peace deal may take about six months to secure. Elsewhere, gold was little changed and the dollar edged lower against most of its Group-of-10 peers. While President Donald Trump said prospects for a deal with Iran are “looking very good,” delegates at the International Monetary Fund and World Bank meetings in Washington warned markets may be underestimating the war’s economic toll. Investors are betting continued negotiations may reopen the Strait of Hormuz, easing oil and inflation and supporting global growth, though the timing and durability of any agreement remains uncertain. “Investors have become conditioned to buy every dip,” said Michael Bell , head of market strategy at RBC BlueBay Asset Management. “The outlook is binary, either Hormuz reopens soon or it doesn’t. With equity markets already assuming Hormuz will reopen soon, the upside is perhaps limited.” Adding to market concerns, former Treasury Secretary Henry Paulson called on US authorities to prepare a back-up plan in order to avert a potential collapse in demand for the $31 trillion market for US government debt — an event that he warned would have “vicious” effects. Earlier, Trump announced a 10-day ceasefire between Israel and Lebanon. His announcement on Thursday made no mention of Hezbollah. Israeli P...
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Introduction If my portfolio has been able to hold up fairly well YTD (I closed each month outperforming the market, though my exposure to energy is just 4%), it is mainly thanks to three stocks, one of which is Netflix, Inc. ( NFLX ). I had long been following the company but considered the stock too expensive until it dipped meanin...
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Introduction If my portfolio has been able to hold up fairly well YTD (I closed each month outperforming the market, though my exposure to energy is just 4%), it is mainly thanks to three stocks, one of which is Netflix, Inc. ( NFLX ). I had long been following the company but considered the stock too expensive until it dipped meaningfully on the news of the WBD deal. Using game theory, I thought it was almost certain that Netflix would come out of this situation as a winner, no matter what the outcome would have been. This is why I started buying and am now enjoying gains close to 23% in just a few months. As the company has just reported earnings , I would now like to update my coverage since the outlook is clear from the consequences of the Warner Bros. ( WBD ) deal. By the way, Netflix declined to raise its bid for WBD and walked away from the agreement with $2.8B as a cash termination fee that is visible in Q1. Paramount ( PSKY ) and Warner Bros. now have to work on their agreement and deal with their capital constraints, which are not Netflix's problem. This is particularly urgent because Netflix, right after the release, is down in post-market trading by 8% at the time of writing. Let's then see what happened. Netflix's Q1 2026 Earnings Review First of all, one thing I like about Netflix is that we find a very easy-to-read snapshot of the report , where actual results and guidance are combined so that we can have a clearer picture. As we can see, Netflix reported $12.25B in revenue (its second-best quarter ever), which represents a 16.2% YoY growth, with an operating margin expansion of 50 bps to 32.3%. The top line was a beat . But Netflix missed on its EPS by $0.11 because the market was expecting $1.34 and the company reported $1.23. Moreover, the Q2 forecast seems weak, with diluted EPS only of $0.78 (still $0.06 more YoY). NFLX Q1 2026 Shareholder letter Here, we have to understand how Netf...
Gargolas/iStock via Getty Images NiSource ( NI ) up 2.4% post-market Thursday after unveiling energy infrastructure agreements with units of Alphabet ( GOOG ) ( GOOGL ) and Amazon ( AMZN ) to support data center development in Indiana. NiSource ( NI ) said it signed a new long-term energy supply agreement with a unit of Alphabet ( GOOG ) ( GOOGL ) to support the development and operation of a lar...
Gargolas/iStock via Getty Images NiSource ( NI ) up 2.4% post-market Thursday after unveiling energy infrastructure agreements with units of Alphabet ( GOOG ) ( GOOGL ) and Amazon ( AMZN ) to support data center development in Indiana. NiSource ( NI ) said it signed a new long-term energy supply agreement with a unit of Alphabet ( GOOG ) ( GOOGL ) to support the development and operation of a large-scale data center in northern Indiana beginning in summer 2026, and it expanded an agreement with Amazon ( AMZN ) to speed up power delivery to its sites and bring forward bill credits for residential customers. Capacity and energy for the agreements will be supplied utilizing a GenCo-owned pooled portfolio of dedicated electric generation assets for large-load customers while shielding existing customers from added costs and delivering system-wide savings. NiSource ( NI ) said the GenCo model aims to ensure existing customers benefit from new large users, with savings estimated at ~$1.25B, or $90-$115 annually per household. More on NiSource NiSource: Positioned For Further Data Center-Powered Growth NiSource: Data Center Upside With Less Political Risk NiSource Q4 2025 Earnings Call Presentation
For years, Wall Street banks eagerly assisted private credit funds looking to amplify their investing firepower with hundreds of billions of dollars in loans. This in turn helped those funds notch ever-higher returns. Now, those same banks are tightening their arrangements , adding to the pressure on managers already reeling from an exodus of investors. Some big banks are raising interest rates fo...
For years, Wall Street banks eagerly assisted private credit funds looking to amplify their investing firepower with hundreds of billions of dollars in loans. This in turn helped those funds notch ever-higher returns. Now, those same banks are tightening their arrangements , adding to the pressure on managers already reeling from an exodus of investors. Some big banks are raising interest rates for the leverage they provide, and they’re also marking down specific loans posted as collateral. Behind the scenes, that’s prompting private credit fund managers to swap out holdings from the pools as banks including JPMorgan, Goldman Sachs and Barclays exercise their right to write down individual assets. The strategies banks are employing to address risks in existing facilities aren’t new, but they’re becoming more prevalent given the turmoil roiling global markets. What You Need to Know Today Some Gulf Arab and European leaders are said to believe a US-Iran peace deal will take about six months to be agreed to , and that the warring sides should extend their ceasefire to cover that timeframe. Israel on Thursday agreed to a truce in Lebanon , whose territory it has invaded and bombed as part of what it says is a campaign against Iran-aligned Hezbollah. It’s unclear if the militant group has signed on to such a deal. The Lebanese government has said it would seek to help as part of the agreement. The leaders want the vital Strait of Hormuz opened immediately to restore energy flows, and are warning in private that a global food crisis may develop if that doesn’t happen by next month. Energy prices will probably rise even more should the war stretch beyond that, they said. Brent crude rose after the news , gaining about 4.5% on the day to more than $99 a barrel. How the Iran War Triggered a Natural Gas Shock By warming to LNG as a “bridge fuel,” the world made itself vulnerable to a once-unthinkable conflict. Read more Former Treasury Secretary Henry Paulson suggested the US...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Barings’ David Mihalick, PNC Financial Services CEO Bill Demchak, Ariel Investments’ John Rogers, Gabelli Funds’ John Belton, Seaport Research Partners’ David Joyce, Gerber Kawasaki’s Ross Gerber, AlixPartners’ Jeff Goldstein,...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Barings’ David Mihalick, PNC Financial Services CEO Bill Demchak, Ariel Investments’ John Rogers, Gabelli Funds’ John Belton, Seaport Research Partners’ David Joyce, Gerber Kawasaki’s Ross Gerber, AlixPartners’ Jeff Goldstein, MNTN CEO Mark Douglas, & EDO President & CEO Kevin Krim. (Source: Bloomberg)
(RTTNews) - Microsoft is pulling back from the carbon removal market that it helped establish, putting a hold on new purchases of carbon removal credits, as sources close to the situation have indicated.
(RTTNews) - Microsoft is pulling back from the carbon removal market that it helped establish, putting a hold on new purchases of carbon removal credits, as sources close to the situation have indicated.
Lawmakers have been in a stalemate for over 60 days about funding the entire department, which includes agencies that oversee immigration enforcement, disaster relief, cybersecurity and the U.S. Coast Guard. (Image credit: Heather Diehl)
Lawmakers have been in a stalemate for over 60 days about funding the entire department, which includes agencies that oversee immigration enforcement, disaster relief, cybersecurity and the U.S. Coast Guard. (Image credit: Heather Diehl)