Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks are surging to record highs with the S&P crossing 7,000 as US, Iran ceasefire hopes fuel the rally. TSMC boosting the momentum with a stronger outlook on AI demand. Netflix steps into the spotlight with earnings after losing out on Warner Brothers, while Anthropic rolls out its most powerfu...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks are surging to record highs with the S&P crossing 7,000 as US, Iran ceasefire hopes fuel the rally. TSMC boosting the momentum with a stronger outlook on AI demand. Netflix steps into the spotlight with earnings after losing out on Warner Brothers, while Anthropic rolls out its most powerful AI model yet. Actor Ben McKenzie sounds the alarm on crypto risks and systemic fallout, and Amalgamated Bank CEO Priscilla Sims Brown explains how higher rates and potential bank mergers are reshaping the financial landscape. (Source: Bloomberg)
Leia em português. Raízen SA bondholders have presented the Brazilian company with a new restructuring proposal, which includes a capital injection of around 8 billion reais ($1.6 billion), according to people familiar with the matter. Bondholders are also asking that Rubens Ometto , the founder of parent Cosan SA , be replaced as Raízen’s chairman as part of the restructuring agreement, the peopl...
Leia em português. Raízen SA bondholders have presented the Brazilian company with a new restructuring proposal, which includes a capital injection of around 8 billion reais ($1.6 billion), according to people familiar with the matter. Bondholders are also asking that Rubens Ometto , the founder of parent Cosan SA , be replaced as Raízen’s chairman as part of the restructuring agreement, the people said, asking not to be named discussing a private matter. Raízen, Cosan and Ometto declined to comment. Creditors want more of a say in how the biofuels giant is managed, given they are poised to become significant stockholders through a potential debt-for-equity swap, people familiar said this month. They are asking for a stake of as much as 90% of the company in exchange for 45% of its debt in a restructuring. The new proposal is likely to face pushback. During high stakes meetings in New York last week, controllers Shell Plc and Cosan resisted calls for more money, people familiar said this month. Shell declined to comment. Raízen filed for an out-of-court restructuring in March with a 65 billion-real debt load. Since then, the company has been negotiating with creditors for a wider deal in order to avoid having to file for bankruptcy protection. The parties are up against a legal deadline of June 6 to reach an out-of-court settlement with enough support from bondholders and bank lenders. Shell agreed in March to inject 3.5 billion reais as part of the restructuring, while Ometto committed another 500 million reais. Earlier this month, the company presented creditors with a proposal that would leave them with as much as 70% of Raízen’s common shares. Raízen has been hammered by high interest rates, large investments that have yet to pay off and operational hurdles in its sugar and ethanol divisions, leading to a string of earnings misses. Its woes come amid a string of distress cases that have soured investors on Brazil corporate debt. In recent weeks, supermarket chai...
ronniechua/iStock via Getty Images I sat down and watched ' The Big Short ' for the first time in many years this week. The movie remains iconic in my view and by far the best flick made around the subprime crisis that triggered the Great Financial Crisis. It still makes my blood boil that almost no one responsible for helping nearly bring the country into the financial dark ages has seen a day in...
ronniechua/iStock via Getty Images I sat down and watched ' The Big Short ' for the first time in many years this week. The movie remains iconic in my view and by far the best flick made around the subprime crisis that triggered the Great Financial Crisis. It still makes my blood boil that almost no one responsible for helping nearly bring the country into the financial dark ages has seen a day in jail more than 15 years later. Not the regulators, not the financial cheerleaders on CNBC, not the rating agencies, and only an inadequate number of mortgage brokers that gave a mortgage to anyone could breathe via NINJA loans and other creative financial hocus pocus. MCO Stock Chart (Seeking Alpha) Only one of the bankers in the middle of the whole thing ever saw the inside of a prison cell. Even those that created the likes of synthetic CDOs and other derivative weapons of mass destruction. And don't even get me started on the ratings agencies that routinely rubber-stamped a toxic brew of subprime mortgages and their tranches with AA ratings. Heck, the stock of Moody's ( MCO ) is up roughly thirty-fold from its nadir in early 2009. Meanwhile, Main Street got to pay for that debacle with peak unemployment rates of 10%, millions of foreclosures and evictions, and crushed 401K balances, as well as trillions of lost home equity. Not to mention a massive surge in federal debt that technically belongs to U.S. taxpayers. U.S. Federal Debt (FRED) And this brings me to the topic of today's column: the once again growing disconnect between Wall Street and Main Street. This is one factor within what is becoming a more bifurcated U.S. economy. This economic trend has been widely dubbed the ' K-Shaped ' economy. This environment is one where people in the upper arm of the 'k' see their wealth increase while those in the bottom half go in the other direction. Wealth by wealth percentile group (Federal Reserve) And you can see this everywhere, and this trend was exacerbated during the ...
Taiwan Semiconductor Manufacturing Company (TSM) reported first quarter earnings results on Thursday, which surpassed Wall Street's expectations. The company also lifted its outlook for 2026. Bokeh Capital Partners founder and chief investment officer Kimberly Forrest and Freedom Capital Markets managing director Paul Meeks join Yahoo Finance's Julie Hyman to discuss what the results signal about ...
Taiwan Semiconductor Manufacturing Company (TSM) reported first quarter earnings results on Thursday, which surpassed Wall Street's expectations. The company also lifted its outlook for 2026. Bokeh Capital Partners founder and chief investment officer Kimberly Forrest and Freedom Capital Markets managing director Paul Meeks join Yahoo Finance's Julie Hyman to discuss what the results signal about the artificial intelligence (AI) and chip trade.
Aehr Test Systems (NASDAQ: AEHR) stock is seeing another day of big gains in Thursday's trading session. The company's share price was up 13.2% as of 12:30 p.m. ET and had been up as much as 24.9% earlier in trading. Aehr stock is surging today thanks to news that the company has landed another big contract with a cloud hyperscaler customer. As of this writing, the company's share price is now up ...
Aehr Test Systems (NASDAQ: AEHR) stock is seeing another day of big gains in Thursday's trading session. The company's share price was up 13.2% as of 12:30 p.m. ET and had been up as much as 24.9% earlier in trading. Aehr stock is surging today thanks to news that the company has landed another big contract with a cloud hyperscaler customer. As of this writing, the company's share price is now up 311% year to date. Image source: Getty Images. Continue reading
FREDERICA ABAN/iStock via Getty Images Fund Facts Ticker PRVS Total Expense Ratio 1 0.59% Inception Date 12/11/2024 Benchmark Russell 1000 Value Index Asset Class U.S. large cap value Objective Capital appreciation Click to enlarge The strategy seeks to achieve strong long-term returns through a high-conviction, highly concentrated portfolio of approximately 25 undervalued U.S. large-cap stocks th...
FREDERICA ABAN/iStock via Getty Images Fund Facts Ticker PRVS Total Expense Ratio 1 0.59% Inception Date 12/11/2024 Benchmark Russell 1000 Value Index Asset Class U.S. large cap value Objective Capital appreciation Click to enlarge The strategy seeks to achieve strong long-term returns through a high-conviction, highly concentrated portfolio of approximately 25 undervalued U.S. large-cap stocks that are poised to rise but are temporarily out of favor relative to their history or peers. Key Takeaways Parnassus Value Select ETF (NAV)( PRVS ) returned -1.45% (NAV) for the quarter, underperforming the Russell 1000 Value Index's 2.10%. The portfolio's performance was primarily impacted by our lack of exposure to the Energy sector, along with our holdings in the Health Care and Financials sectors. Performance was helped by our holdings in the Communication Services, Industrials and Information Technology sectors. Despite the increased volatility in the first quarter, we continue to maintain a quality-oriented portfolio with balanced exposure across traditional value and secular themes. Markets have repeatedly rewarded investors who maintained a disciplined approach and long-term orientation through periods of uncertainty. We believe our quality-anchored portfolio will prove resilient through the current volatility. Market Review The Russell 1000 Value Index added to 2025's strong return with a modest gain in the first quarter, significantly outperforming its growth peer, as geopolitical uncertainty put downward pressure on multiple expansion. Equity markets reversed course in the first quarter of 2026, as early optimism surrounding the ongoing megatrend in artificial intelligence (AI) and easier monetary policy yielded to geopolitical shocks and tighter financial conditions. While the AI megatrend remained intact, fears of AI disruption caused sharp sell-offs among asset-light businesses such as software. The Federal Reserve held interest rates steady due to persistent in...
Demand for shipping diesel by rail within the United States surged in March, another sign of how the war in Iran has disrupted trading patterns and left the world scrambling for the vital fuel. Shipping refined oil products by rail is typically a more expensive option than sending it by pipeline. But the war in the Middle East and the virtual closure of the Strait of Hormuz is depriving the market...
Demand for shipping diesel by rail within the United States surged in March, another sign of how the war in Iran has disrupted trading patterns and left the world scrambling for the vital fuel. Shipping refined oil products by rail is typically a more expensive option than sending it by pipeline. But the war in the Middle East and the virtual closure of the Strait of Hormuz is depriving the market of hundreds of millions of barrels of crude and refined fuels. Global demand for US products is climbing to try and fill some of the void and the country appears poised to set a record for weekly diesel exports this week, according to data from energy analytics firm Vortexa. Requests to store distillate fuel in tanks with a railroad connection soared to 250,000 barrels in March, up from 30,000 barrels in February and none in January, according to The Tank Tiger, a terminal storage clearinghouse. And as of last week, there have already been requests for 125,000 barrels worth of storage in April. All of those requests occurred on the East Coast and Gulf Coast, the key export hubs for the fuel. Meanwhile, stocks of the fuel are falling, and near their lowest since last July on the Gulf Coast . That could mean Midwest refiners may see an opportunity to profit by exporting diesel overseas. To do that, they need to send their fuel to the coasts. While those shipping routes are possible by pipeline to the East Coast, it could be economically viable to send the fuel by rail-car for export, said Andy Lipow , president of Lipow Oil Associates. And while pipelines connect the Midwest and the Gulf Coast, it’s not possible to send physical product all the way to the coast from the Midwest on a pipeline — meaning a rail-car or a barge become the only viable options to send fuel for export in that direction, Lipow said. Nationally, 9,112 rail-cars worth of petroleum products were delivered to terminals in March, up nearly 10% from March 2025, according to The Tank Tiger’s data. “Exports ...
Jordan Siemens/DigitalVision via Getty Images A low valuation/cheapness can drive appeal for an equity or a stock to a fairly long extent. What I mean by this is that pricing can excuse a lot of lacking quality or other factors, which in the company in question are considered to be "sub-par". I rated Weyerhaeuser ( WY ) as an appealing hold about 4 months back, and made a small investment in the s...
Jordan Siemens/DigitalVision via Getty Images A low valuation/cheapness can drive appeal for an equity or a stock to a fairly long extent. What I mean by this is that pricing can excuse a lot of lacking quality or other factors, which in the company in question are considered to be "sub-par". I rated Weyerhaeuser ( WY ) as an appealing hold about 4 months back, and made a small investment in the stock. The company continued its slight upswing at the time, which I saw as I invested and as I published the article, only to drop back down rather promptly a month or so later. It's been exhibiting a lot of volatility since then. This is despite what I said in the article, which can be found here, that the company moves in what I would consider to be very "long cycles". There are key differences in European and American lumber, timber and paper "cycles", both in terms of the supplier side, as well as in terms of the manufacturing side. Overall, I would consider Europe to be a far better investment geography when it comes to timber, lumber, paper, and packaging. This is not just because Europe has some of the densest and highest-quality forest assets in the world, it's also because the leading manufacturers of wood-engineered design, as well as paper and carton design, are in Europe. This goes against the upside that the USA usually offers to investors - cheap resources with an almost limitless supply, as well as a great labour market. Europe instead seems to focus on more processed/higher-value products and better management of the forest assets. Furthermore, the European basic materials markets are tightly integrated with major regions like Germany and Sweden, supplying some of the best timber available. Due to the wide availability of railway transport (it would not be possible due to logistics to ship timber as easily, cheaply or effectively using roads as opposed to railroads), the logistics solutions are also much better. US has its own advantages - but for the time b...
Earnings Call Insights: Insteel Industries (IIIN) Q2 2026 Management View "Despite falling well short of our expected financial performance in Q2, we believe the upturn in business activity we reported previously is still intact." (President, CEO & Chairman H.O. Waltz) "We regret that we experienced both of these phenomena during Q2, but we're confident that short-term weather conditions and proje...
Earnings Call Insights: Insteel Industries (IIIN) Q2 2026 Management View "Despite falling well short of our expected financial performance in Q2, we believe the upturn in business activity we reported previously is still intact." (President, CEO & Chairman H.O. Waltz) "We regret that we experienced both of these phenomena during Q2, but we're confident that short-term weather conditions and project delays neither create nor destroy demand and that postponed demand will be evident during the balance of fiscal 2026." (President, CEO & Chairman Waltz) "Our second quarter results were weaker than expected, reflecting the combined impact of winter weather disruptions, lower spreads and higher unit conversion costs." (VP, CFO & Treasurer Scot Jafroodi) "As we enter the third quarter, we expect several factors to support a recovery in gross margin." (VP, CFO & Treasurer Jafroodi) "While we continue to believe that demand will be solid during 2026, we will reduce costs if this forecast fails to materialize." (President, CEO & Chairman Waltz) Outlook "Although we are still early in the third quarter, recent order activity has been solid, with April shipments trending above forecasted loans." (VP, CFO & Treasurer Jafroodi) "We expect these recent pricing actions, along with the additional price increase implemented in April to provide further benefit in the coming periods as they are more fully reflected in our realized pricing." (VP, CFO & Treasurer Jafroodi) "At this point, however, we do not expect to be in a cost reduction mode driven by demand-related concerns." (President, CEO & Chairman Waltz) "As we closed out the second quarter, we remain encouraged by the demand trends we're seeing across our core end markets... At the same time, we recognize that these external factors could influence the pace of the activity in the near term." (VP, CFO & Treasurer Jafroodi) Financial Results "Net earnings for the quarter were $5.2 million or $0.27 per share compared with $10.2 mi...
The Federal Communications Commission (FCC) Chair Brendan Carr approved Amazon.com Inc.‘s acquisition of Globalstar Inc. on Tuesday, signalling the importance of competition in the space-based internet sector. ‘We’re Very Open-Minded,’ Says FCC Chair In an interview with CNBC, Carr shared that the FCC wanted to foster growth in the sector. “We’re very open-minded to it,” Carr said, adding that the...
The Federal Communications Commission (FCC) Chair Brendan Carr approved Amazon.com Inc.‘s acquisition of Globalstar Inc. on Tuesday, signalling the importance of competition in the space-based internet sector. ‘We’re Very Open-Minded,’ Says FCC Chair In an interview with CNBC, Carr shared that the FCC wanted to foster growth in the sector. “We’re very open-minded to it,” Carr said, adding that the FCC would be reviewing the paperwork involved in the deal. Carr said that the deal was consistent w
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)