Mark Mahaney, Evercore ISI’s head of internet research, is warning investors to expect a muted second quarter from big tech companies as advertising budgets face cuts amid economic uncertainty. In an interview with CNBC, Mahaney said his channel checks show that Q2 budgets are “starting to get cut,” creating headwinds for companies that rely heavily on advertising revenue. “It’s going to be a prob...
Mark Mahaney, Evercore ISI’s head of internet research, is warning investors to expect a muted second quarter from big tech companies as advertising budgets face cuts amid economic uncertainty. In an interview with CNBC, Mahaney said his channel checks show that Q2 budgets are “starting to get cut,” creating headwinds for companies that rely heavily on advertising revenue. “It’s going to be a problem for companies with exposure to brand advertising and maybe to performance marketing,” Mahaney said. The analyst compared the current environment to the pullback seen three years ago following Russia’s invasion of Ukraine, when ad budgets were trimmed for a quarter or two. He noted that brand advertising typically gets cut first when companies pull back on spending. Despite the near-term caution, Mahaney identified Amazon ( AMZN ) and Meta Platforms ( META ) as what he calls “dislocated high quality” assets that are currently trading near trough multiples. These two companies have become top picks for the analyst because of their attractive valuations. “When you find these high-quality assets that get dislocated, the narrative can turn,” he said. Mahaney remains particularly bullish on AI initiatives at these companies, pointing to a significant narrative shift around Amazon ( AMZN ). “Amazon, I think, is the Google of 2026,” he said, noting that the company may no longer be viewed as an AI laggard following revelations about its internal chip training capabilities. The stock has already rallied 20% on what he calls the “mythos rally.” The analyst acknowledged that tech companies have shifted from capital-light businesses to more capital-intensive models—what he describes as the “industrialization of tech.” However, he believes this is a typical investment cycle rather than a permanent change, predicting that CapEx intensity will eventually moderate. “I think the opportunity is just dramatically bigger… I think you’re going to get back to high ROIC businesses,” Mahaney s...
Tesla Inc. CEO Elon Musk hit back at critics on Monday as the EV giant outsold all of its rivals in the U.S. domestic market during the first quarter of 2026. Tesla’s Q1 U.S. Sales In a post on the social media platform X on Monday, influencer Sawyer Merritt shared sales figures for almost all EVs available in the U.S. market, citing Cox Automotive data. The post shared how Tesla’s Model Y and Mod...
Tesla Inc. CEO Elon Musk hit back at critics on Monday as the EV giant outsold all of its rivals in the U.S. domestic market during the first quarter of 2026. Tesla’s Q1 U.S. Sales In a post on the social media platform X on Monday, influencer Sawyer Merritt shared sales figures for almost all EVs available in the U.S. market, citing Cox Automotive data. The post shared how Tesla’s Model Y and Model 3 remained at the top of the sales charts with over 101,000 sales combined in the first quarter.
Visualization shows how DESI built its 3D map of the Universe. Earth is at the center of the wedges, and every point is a galaxy. Credit: DESI/KPNO/NOIRLab/NSF/AURA/R. Proctor In a significant milestone, the Dark Energy Spectroscopic Instrument (DESI) has completed its 3D map of the Universe—the highest resolution of any such map yet achieved—on schedule and with more data than expected, the colla...
Visualization shows how DESI built its 3D map of the Universe. Earth is at the center of the wedges, and every point is a galaxy. Credit: DESI/KPNO/NOIRLab/NSF/AURA/R. Proctor In a significant milestone, the Dark Energy Spectroscopic Instrument (DESI) has completed its 3D map of the Universe—the highest resolution of any such map yet achieved—on schedule and with more data than expected, the collaboration announced today . Analyses of DESI data from earlier runs have already produced exciting hints of new physics—namely that the Universe's dark energy, rather than being constant, might vary over time. The latest data must still be analyzed but could help definitively confirm or disprove those hints within the next couple of years. "DESI's five-year survey has been spectacularly successful," DESI director Michael Levi of Berkeley Lab said. "The instrument performed better than anticipated. The results have been incredibly exciting. And the size and scope of the map and how quickly we've been able to execute is phenomenal. We're going to celebrate completion of the original survey and then get started on the work of churning through the data, because we're all curious about what new surprises are waiting for us." As previously reported , Albert Einstein’s cosmological constant (lambda) implied the existence of a repulsive form of gravity. (For a more in-depth discussion of the history of the cosmological constant and its significance for dark energy, see our 2024 story .) Quantum physics holds that even the emptiest vacuum is teeming with energy in the form of “virtual” particles that wink in and out of existence, flying apart and coming together in an intricate quantum dance. This roiling sea of virtual particles could give rise to dark energy, giving the Universe a little extra push so that it can continue accelerating. The problem is that the quantum vacuum contains too much energy: roughly 10 120 times too much. Read full article Comments
Parent WhatsApp chats can be fraught spaces for new mothers. But for Wendy Syfret they were a late-night digital sanctuary For the first few days after I brought my daughter home from the hospital, my house was busier than it had ever been. Family, friends, neighbours and even loose acquaintances crowded the doorway, plying me with food, gifts, hand-me-downs and advice. But as the sun set, the cro...
Parent WhatsApp chats can be fraught spaces for new mothers. But for Wendy Syfret they were a late-night digital sanctuary For the first few days after I brought my daughter home from the hospital, my house was busier than it had ever been. Family, friends, neighbours and even loose acquaintances crowded the doorway, plying me with food, gifts, hand-me-downs and advice. But as the sun set, the crowds thinned. My daughter would wake for a long night of not sleeping and I’d retreat to my bedroom and, honestly, my phone. Continue reading...
Leia em português. Hapvida has fallen a very long way. Shares of the healthcare provider are down 95% from their 2021 peak, wiping out more than $16 billion in market value. Over the last 12 months, it’s the worst-performing stock in Brazil’s benchmark equity index by far. Major shareholders seem to have had enough. The wealthy family behind the insurer and hospital operator is tightening its grip...
Leia em português. Hapvida has fallen a very long way. Shares of the healthcare provider are down 95% from their 2021 peak, wiping out more than $16 billion in market value. Over the last 12 months, it’s the worst-performing stock in Brazil’s benchmark equity index by far. Major shareholders seem to have had enough. The wealthy family behind the insurer and hospital operator is tightening its grip, and as the head of the company — a member of the founding clan — prepares to trade the CEO chair for a board seat, a major outside investor is calling for a slate of new directors. The push for change comes after rising costs, weak growth and an ill-fated merger led to a string of earnings that have disappointed investors and analysts alike. Hapvida had more than 15 buy ratings in 2023 — now, it has just one. To turn things around, Hapvida wants to shed assets it picked up four years ago in a deal meant to jump-start its push into Brazil’s southeast, the country’s richest region and home to its two biggest cities. While the stock jumped 25% last week after the company set out to sell some of those holdings, a deal won’t fix all of its problems. Even if a transaction did happen, it’s not a “structural solution to the company’s underlying operational challenges,” Bank of America Corp. analysts Flavio Yoshida and Mirela Oliveira wrote last week. The appointment of Hapvida’s chief financial officer — not a family member — to lead the company is a sign of acknowledgment that something had to change. Last week, outgoing Chief Executive Officer Jorge Pinheiro acknowledged in a letter that results have “fallen short of what we are capable of delivering.” The company, which is formally known as Hapvida Participacoes e Investimentos SA, didn’t respond to a request for comment. The Turning Point Once a darling among the country’s biggest fund managers, Hapvida’s market value has plummeted from 88.2 billion reais ($17.1 billion) at its peak to a mere 6.2 billion reais, or about $1.2 ...
The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages Get our breaking news email , free app or daily news podcast The IMF’s latest World Economic Outlook has forced it to admit that things have changed since its previous update in January when it blissfully hoped things would be OK. Now there is mostly darkness and despair. The IMF’s Janua...
The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages Get our breaking news email , free app or daily news podcast The IMF’s latest World Economic Outlook has forced it to admit that things have changed since its previous update in January when it blissfully hoped things would be OK. Now there is mostly darkness and despair. The IMF’s January report was titled “Steady amid Divergent Forces”; whereas the latest outlook is headlined “Global Economy in the Shadow of War” and begins “the global outlook has abruptly darkened following the outbreak of war in the Middle East on February 28, 2026.” Continue reading...
A decoupling between China and the United States is something “that you don’t want to see”, says former US Treasury secretary Janet Yellen, adding that both countries have developed deep trade and investment relationships that should be preserved and encouraged to thrive. Speaking in Hong Kong at the HSBC Global Investment Summit on Wednesday, Yellen also argued that China’s reliance on exports fo...
A decoupling between China and the United States is something “that you don’t want to see”, says former US Treasury secretary Janet Yellen, adding that both countries have developed deep trade and investment relationships that should be preserved and encouraged to thrive. Speaking in Hong Kong at the HSBC Global Investment Summit on Wednesday, Yellen also argued that China’s reliance on exports for growth – resulting in a trade surplus with the rest of the world – has created “serious conflicts”...
Igor Kutyaev Robinhood Markets ( HOOD ) stock jumped 7.8%, Webull ( BULL ) stock climbed 8.9%, and eToro Group ( ETOR ) stock rose 5.2% in Wednesday morning trading after the U.S. Securities and Exchange Commission approved rule changes that will make it easier for small investors to day trade. The rule change, proposed by the Financial Industry Regulatory Authority (FINRA), would eliminate the re...
Igor Kutyaev Robinhood Markets ( HOOD ) stock jumped 7.8%, Webull ( BULL ) stock climbed 8.9%, and eToro Group ( ETOR ) stock rose 5.2% in Wednesday morning trading after the U.S. Securities and Exchange Commission approved rule changes that will make it easier for small investors to day trade. The rule change, proposed by the Financial Industry Regulatory Authority (FINRA), would eliminate the requirement that any "pattern day trader" would be required to keep at least $25,000 in a margin account before the customer can continue day trading. A pattern day trader is defined as a customer who executes four or more day trades within five business days. Instead, the revised rule requires that customers maintain equity in their margin account that's commensurate with the amount of market exposure they have at any given time of the trading day. The SEC approved the rule change on an accelerated basis, it said. Coinbase Global ( COIN ), which has added stock and ETF trading, rose 3.8%. Shares in Morgan Stanley ( MS ), which owns E*Trade and posted strong Q1 earnings on Wednesday, gained 5.1%. Charles Schwab ( SCHW ) stock rose 1.1%, Interactive Brokers ( IBKR ) climbed 2.6%, More on Robinhood Markets Robinhood: 'Buy' The Dip While Assets Keep Growing Robinhood: Best In Class Innovation And Profit Engine (Rating Upgrade) Robinhood: World-Class Entry Point (Rating Upgrade) 4 stocks to watch on Wednesday: AVGO, MS, HOOD, NEM ClearBridge Mid Cap Strategy adds HOOD, SGI; exits SAIL, COIN among Q1 moves
Oracle has been named a Leader in the 2026 Gartner® Magic Quadrant™ for Transportation Management Systems for Oracle Fusion Cloud Transportation Management. This is the 19th time Oracle has been named a Leader in this report. In this year's edition, Oracle was once again positioned highest for its Ability to Execute and furthest for Completeness of Vision. A copy of the report is available here.
Oracle has been named a Leader in the 2026 Gartner® Magic Quadrant™ for Transportation Management Systems for Oracle Fusion Cloud Transportation Management. This is the 19th time Oracle has been named a Leader in this report. In this year's edition, Oracle was once again positioned highest for its Ability to Execute and furthest for Completeness of Vision. A copy of the report is available here.
(RTTNews) - Stock of Tempus AI, Inc. (TEM) is climbing about 9 percent on Wednesday morning trading after the company, along with Predicta Biosciences, announced the commercial expansion of a co-branded whole-genome sequencing assay, currently known as GenoPredicta.
(RTTNews) - Stock of Tempus AI, Inc. (TEM) is climbing about 9 percent on Wednesday morning trading after the company, along with Predicta Biosciences, announced the commercial expansion of a co-branded whole-genome sequencing assay, currently known as GenoPredicta.
WeWork’s CEO John Santora joined Bloomberg Open Interest to break down the company’s comeback after bankruptcy, revealing how profitability, a hybrid real estate strategy, and the rise of flexible work are reshaping the office market. He explains why companies are permanently shifting toward flex space. (Source: Bloomberg)
WeWork’s CEO John Santora joined Bloomberg Open Interest to break down the company’s comeback after bankruptcy, revealing how profitability, a hybrid real estate strategy, and the rise of flexible work are reshaping the office market. He explains why companies are permanently shifting toward flex space. (Source: Bloomberg)
Hi, it’s Fareed Sahloul in New York, rounding up the first quarter showing from Wall Street’s advisory bankers. Also today, Standard Life reaches for a bigger slice of Britain’s pensions market. Today’s top stories Standard Life to buy Aegon UK in £2 billion pensions push . Solaria eyes stake in €4 billion Telefónica, ACS data center JV. Victory Giant is set to price Hong Kong listing at maximum ....
Hi, it’s Fareed Sahloul in New York, rounding up the first quarter showing from Wall Street’s advisory bankers. Also today, Standard Life reaches for a bigger slice of Britain’s pensions market. Today’s top stories Standard Life to buy Aegon UK in £2 billion pensions push . Solaria eyes stake in €4 billion Telefónica, ACS data center JV. Victory Giant is set to price Hong Kong listing at maximum . Bain Capital opens Abu Dhabi office, indicating Gulf’s allure. Fees for all The numbers are in and the spoils of the second-best ever year for global dealmaking are starting to show up on Wall Street, with the big five US banks this week reporting some huge increases in advisory fees. First, here are those numbers: Leading the pack were Goldman Sachs and JPMorgan with first quarter M&A revenue at both banks rising more than 80% to around $1.5 billion and $1.3 billion , respectively. Close behind was Morgan Stanley with a 74% bump to $978 million . At Bank of America, advisory fees for the period were up roughly 47% to $497 million , while Citigroup booked a 19% gain with $505 million . The strong showing will in part reflect the completion of tie-ups agreed in 2025—a year that saw more than $4.5 trillion of deals struck globally. That was the second-highest tally on record and was achieved thanks to a record haul of deals valued at $30 billion or more. That momentum continued into 2026 with the best ever start to a year for announced deal values and more large-scale M&A in the headlines. Dealmakers have achieved these milestones despite some strong headwinds, first from the Trump administration’s tariff policies and then with a war in Iran that continues to create inflationary pressures. There were signs in March that the war was starting to have a negative impact on M&A sentiment, before a late flurry of big deals boosted figures for Q1. “When you look at the M&A pipeline, it continues to be quite strong,” Gonzalo Luchetti, CFO at Citigroup, said on the bank’s Q1 earnings...