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)
Sundry Photography/iStock Editorial via Getty Images Earnings season for the financial sector is now in full swing as several national and regional banks have reported their Q1 2026 results this week. One of the largest players in the banking industry, U.S. Bancorp ( USB ), released its most recent quarterly update this morning, with GAAP earnings per share of $1.18. This was $0.04 better than Wal...
Sundry Photography/iStock Editorial via Getty Images Earnings season for the financial sector is now in full swing as several national and regional banks have reported their Q1 2026 results this week. One of the largest players in the banking industry, U.S. Bancorp ( USB ), released its most recent quarterly update this morning, with GAAP earnings per share of $1.18. This was $0.04 better than Wall Street expectations and $0.15, or 14.6%, better than Q1 2025 . Revenue of $7.29 billion topped estimates by $1.5 million. Management seemed confident about the prospects for the remainder of 2026, despite the recent headwinds created by inflation and higher long-term interest rates. U.S. Bancorp President and CEO Gunjan Kedia made the following statement as part of the company’s Q1 earnings call : As we look ahead, the macroeconomic backdrop remains constructive despite some softening of sentiment recently. Consumer spend, core loan demand and credit delinquency trends all indicate relative stability. The regulatory backdrop is becoming more helpful, giving us greater capital flexibility over time. And our execution has strong momentum. All of that gives us confidence in our ability to continue building earnings power and creating long-term value as we move forward. While I may not share all of the optimism that was expressed by Kedia during the call, I do think that U.S. Bank’s recent performance makes it look like one of the more attractive larger national banks from an investment standpoint. USB has gained just 3.8% since the start of this year, but in the last 12 months, the stock’s price has risen by almost 47%. In this analysis, I will discuss the company’s recent results and talk about its potential for future gains in 2026. About U.S. Bancorp Headquartered in Minneapolis, MN, U.S. Bancorp is the fifth-largest commercial bank in the United States when ranked by both domestic and total assets. The history of USB dates back to 1863. Today’s U.S. Bancorp operates in t...
As the artificial intelligence (AI) story began to unfold, Nvidia (NASDAQ: NVDA) quickly emerged as the leading character. And this has remained the case chapter after chapter. Nvidia got into this market early, developing high-powered graphics processing units (GPUs) to specifically serve the needs of AI. In the earlier days, this mainly entailed training models on vast quantities of information....
As the artificial intelligence (AI) story began to unfold, Nvidia (NASDAQ: NVDA) quickly emerged as the leading character. And this has remained the case chapter after chapter. Nvidia got into this market early, developing high-powered graphics processing units (GPUs) to specifically serve the needs of AI. In the earlier days, this mainly entailed training models on vast quantities of information. All of this resulted in explosive earnings growth for Nvidia. And investors, eager to benefit from this growth story, bought the shares like hot cakes. This helped Nvidia stock to soar -- it climbed more than 1,100% over the past five years. But, in recent times, Nvidia's performance has been lackluster. Part of this is unrelated to the company and the AI industry: Investors have worried about the U.S. economy and the turmoil in Iran. That said, other pressures have been directly linked to Nvidia. For example, some investors have wondered whether demand for AI will weaken or if competition may hurt Nvidia's growth. Continue reading
Gulf Shock May Spark Shortage Of World's Most Critical Industrial Chemical, Used Heavily In Mining Goldman analysts Kyle Shaffer and Amanda Ross provided clients with a broad overview of industrials and natural resources amid energy disruptions in the Gulf area. In the note, they stated that the well-known Gulf energy shock is set to disrupt LNG production in Qatar for years to come. However, they...
Gulf Shock May Spark Shortage Of World's Most Critical Industrial Chemical, Used Heavily In Mining Goldman analysts Kyle Shaffer and Amanda Ross provided clients with a broad overview of industrials and natural resources amid energy disruptions in the Gulf area. In the note, they stated that the well-known Gulf energy shock is set to disrupt LNG production in Qatar for years to come. However, they also highlighted another emerging supply crunch that has received far less attention: sulfuric acid. "Some long-lasting consequences have also started to emerge, including a 3-5 years production loss for LNG facility in Qatar, a 6-12 month re-starting time for some aluminum facilities in the Gulf, and shortage of sulfuric acid which can potentially impact future production for copper and lithium " Shaffer and Ross said. About a third of the world’s sulfur comes from the Gulf region, where it is produced as part of oil and gas refining. Much of the sulfur is exported, primarily to fertilizer and industrial-processing hubs in Asia, North Africa, and, in Qatar’s case, some trading hubs across Asia and Europe. Goldman analyst James McGeoch noted on Wednesday that Shandong sulfuric acid prices are soaring and that China is "slated to suspend sulfur exports from May (sulfur that is a by-product of processing). " He added that part of the recent push to procure and process concentrate is to produce sulfur for fertilizer. It is important to note that sulfuric acid is one of the world’s most important industrial chemicals , used in fertilizers (phosphates), oil refining, lead-acid batteries, and chemical manufacturing. Prices in China have jumped 90% since the start of the US-Iran conflict in late February. Current prices exceed the highs recorded during the Russian invasion of Ukraine in early 2022. "Already though, prices have risen, and if there’s a shortage of sulfuric acid, that could quite quickly translate into more expensive homes, cars and electrical products ," Bloomberg ...
Centurion Minerals ( CTN:CA ) on Thursday said it plans to raise $300,000 through a non-brokered private placement. The offering will consist of units priced at $0.05 each, with each unit comprising one common share and one warrant exercisable at $0.10 for three years. The company said proceeds will be used for exploration, working capital, and general corporate purposes, with the financing subjec...
Centurion Minerals ( CTN:CA ) on Thursday said it plans to raise $300,000 through a non-brokered private placement. The offering will consist of units priced at $0.05 each, with each unit comprising one common share and one warrant exercisable at $0.10 for three years. The company said proceeds will be used for exploration, working capital, and general corporate purposes, with the financing subject to TSX Venture Exchange approval. TMXXF closed +2.54% at $39.12. Source: Press Release More on TMX Group Limited, Centurion Minerals Ltd. Marvel Biosciences lowers conversion price for proposed debenture offering Bank of Canada, major banks discuss Anthropic AI cyber risk - report