This week the bipartisan furor over Donald Trump’s $1.8bn slush fund escalated to the point that the administration balked, saying they are no longer moving forward with it. But Robert Reich , a Guardian columnist and former US secretary of labor, says the fund, and specifically, the additional detail of the settlement giving Trump and his family immunity from future IRS audits, are the essence of...
This week the bipartisan furor over Donald Trump’s $1.8bn slush fund escalated to the point that the administration balked, saying they are no longer moving forward with it. But Robert Reich , a Guardian columnist and former US secretary of labor, says the fund, and specifically, the additional detail of the settlement giving Trump and his family immunity from future IRS audits, are the essence of corruption – and if Democrats can successfully connect that corruption to the affordability crisis, they might just have a winning message on their hands. Robert Reich: 'The language of the American presidency doesn’t apply to Trump' Read Reich’s newsletter on how Democrats could tie the affordability crisis to Trump administration corruption Continue reading...
The next big theme in the market is quickly becoming agentic artificial intelligence (AI). There are several ways to play this trend, both with semiconductor stocks and software-as-a-service (SaaS) stocks. With the rise of AI agents, AI data centers will need servers that incorporate a lot more central processing units (CPUs). While graphics processing units (GPUs) were ideal for providing the raw...
The next big theme in the market is quickly becoming agentic artificial intelligence (AI). There are several ways to play this trend, both with semiconductor stocks and software-as-a-service (SaaS) stocks. With the rise of AI agents, AI data centers will need servers that incorporate a lot more central processing units (CPUs). While graphics processing units (GPUs) were ideal for providing the raw compute power to train AI models, AI agents require chips that can handle sequential reasoning and work with tools. That's where CPUs come in, which act as the brains of a computer. With large language model (LLM) training, the typical ratio of GPUs to CPUs was 8:1, while with agentic AI, that ratio moves to 1:1. At the same time, agentic AI works best with high-performance CPUs with high core counts that act like individual workstations. High core counts should also lead to higher CPU prices. The data center CPU market is expected to explode in the coming years , with Nvidia recently predicting this would become a $200 billion market in the next several years. Continue reading
Is a proven cash-flow engine a smarter bet than a private moonshot? This panel weighs Zoom (NASDAQ: ZM) , speculative SpaceX, and Palantir (NYSE: PLTR), exploring valuation, liquidity, and upside. Watch the video below to see which approach stands out. *This video was published on May 29, 2026. Continue reading
Is a proven cash-flow engine a smarter bet than a private moonshot? This panel weighs Zoom (NASDAQ: ZM) , speculative SpaceX, and Palantir (NYSE: PLTR), exploring valuation, liquidity, and upside. Watch the video below to see which approach stands out. *This video was published on May 29, 2026. Continue reading
California's 'Wealth' Tax Is Coming For Everyone Authored by Edward Ring via American Greatness , If you own property in California, you're not safe. A new ballot measure will empower the state to confiscate a percentage of the assets of any resident, even though its initial provisions don't communicate that intent. California's "One-Time Wealth Tax for State-Funded Healthcare, Education, and Food...
California's 'Wealth' Tax Is Coming For Everyone Authored by Edward Ring via American Greatness , If you own property in California, you're not safe. A new ballot measure will empower the state to confiscate a percentage of the assets of any resident, even though its initial provisions don't communicate that intent. California's "One-Time Wealth Tax for State-Funded Healthcare, Education, and Food Assistance Programs Initiative," which has already qualified for the November ballot, is even worse than it appears. It's not as if appearances aren't bad enough. The explicit intent of the initiative already chased at least six billionaires out of the state in 2025. Moved to Florida are Google co-founders Larry Page and Sergey Brin, along with PayPal co-founder Peter Thiel. Nevada is now home to billionaire Don Hankey, and Texas has welcomed former Uber CEO Travis Kalanick. Famed director Steven Spielberg has moved to New York, apparently concluding even that deep blue state is a safer bet than California. Just the departure of these six men has lowered the potential take from the wealth tax by an estimated $27 billion. A Hoover Institution study claims that another 20 California billionaires have already made departure plans and will leave immediately if the initiative is approved by voters. One of the initiative's many diabolical provisions is that it will apply retroactively to anyone living in the state after January 1, 2026, but unlike the six who got out in 2025, this next tranche of would-be exiles have been advised by their attorneys that the initiative's retroactivity will not survive a constitutional challenge. Other details of this initiative are likely to survive court challenges, and they reveal a stunning level of aggression toward wealth. If you live in California, and this bill is approved by voters, you will have to pay a "one-time" tax of 5 percent of your "covered assets" valued over $1 billion. "Covered assets" include unrealized gains in the value of ...
Goldman Sachs Japan president Hidehiro Imatsu is promoting younger executives at the firm as a merger boom, rising stocks and volatile bond yields fuel the most intense talent war in years. Since becoming head of Goldman’s Japan securities business two years ago, Imatsu, 55, has helped elevate a new generation of leaders into key positions to make the firm more attractive to younger professionals....
Goldman Sachs Japan president Hidehiro Imatsu is promoting younger executives at the firm as a merger boom, rising stocks and volatile bond yields fuel the most intense talent war in years. Since becoming head of Goldman’s Japan securities business two years ago, Imatsu, 55, has helped elevate a new generation of leaders into key positions to make the firm more attractive to younger professionals. New co-heads have been appointed across merger advisory, capital markets and yen bond sales. “Being a firm where young talent can succeed early is critical to long-term growth,” Imatsu said in an interview. “We want to create an environment where the most talented young people can truly excel.” The fight to attract and keep talented employees has become a defining feature of Tokyo’s financial markets in contrast with the period of Japan’s long stagnation, when subdued financial activity slowed turnover in senior ranks, limiting opportunities for advancement and entrenching organizational hierarchies. Banks in Japan need to get their “natural turnover cycle back on track,” said Hideyasu Ban, a senior analyst at Autonomous Research. “If people think they have no chance of getting promoted at your company, you will find it harder to recruit them.” Competition for hires is coming from private equity firms and asset managers in addition to rival lenders. Japan’s aging population and waning interest in banking careers add to the challenge of attracting young professionals. At Goldman, at least two junior investment bankers left the Japan unit for private equity firms earlier this year, according to people familiar with the matter. Several institutional salespeople, both young and veterans, also departed for rival global banks. Banker Talent War Turns Extreme in Japan’s Market Boom Citi’s Japan Banking Head Seeks Expansion Despite Talent Crunch Goldman Picks New Leaders for Japan Capital Markets Business Goldman Sachs Names New Japan M&A Heads in Dealmaking Push Imatsu took over ...
The artificial-intelligence boom that’s made South Korea’s stock market the envy of its neighbors looks set for more support, with the nation’s leading listed companies on course to generate more earnings than their Japanese peers this year. Kospi companies with at least three analyst estimates are forecast to generate about $450 billion of combined net income this fiscal year in dollar terms, com...
The artificial-intelligence boom that’s made South Korea’s stock market the envy of its neighbors looks set for more support, with the nation’s leading listed companies on course to generate more earnings than their Japanese peers this year. Kospi companies with at least three analyst estimates are forecast to generate about $450 billion of combined net income this fiscal year in dollar terms, compared with roughly $440 billion for similarly screened Topix constituents. That represents about 90% of the total market capitalization in each country. That would be the first time since 2008 that Korean companies overtook Japan in profits, with surging demand for semiconductors helping Korea, and Japan hurt by waning momentum in its automotive industry. While FX fluctuations affect the picture, both the won and the yen have been falling against the dollar, with the won doing worse over the past six months and the yen weaker on a 12-month basis. While overseas investors have sold Korean shares this year, raising questions about the durability of the narrow and steep rally, some analysts expect Japan’s commanding lead in market capitalization to narrow if Korea’s high profits are sustained. Earnings at Samsung Electronics Co. and SK Hynix Inc. are forecast to expand into next year and beyond, buoyed by robust demand for high-performance memory chips. “Memory makers have secured long-term contracts with customers, and the supply-demand imbalance is likely to persist,” said Kazuyoshi Saito , a senior analyst at Iwai Cosmo Securities Co. Samsung Electronics and SK Hynix are projected to post net profits of roughly 270 trillion won ($178 billion) and 200 trillion won this fiscal year, respectively. Together they make up nearly 70% of total earnings of South Korean listed companies covered by at least three analysts. In contrast, the combined outlook for Japan’s seven largest carmakers, including Toyota Motor Corp. , was ¥4.8 trillion ($30 billion). The automotive sector has str...
Charlie and Will break down the crash of Michael Saylor’s STRC, IREN's massive 800MW deal in Australia, a critical Zcash soundness bug, Google’s massive $80B equity raise for AI, and…
Charlie and Will break down the crash of Michael Saylor’s STRC, IREN's massive 800MW deal in Australia, a critical Zcash soundness bug, Google’s massive $80B equity raise for AI, and…
Broadcom stock sinks after hours as AI chip sales forecast disappoints Yahoo Finance UK Broadcom Reports Earnings Today. Here's How Much Traders Expect the Stock to Move Investopedia Broadcom Fiscal Q2 Adjusted Earnings, Revenue Rise; Q3 Outlook Set Moomoo Broadcom’s AI chip revenue hits $10.8B, forecast $16B next quarter Stock Titan Broadcom slides even as Q2 results, guidance top Wall Street's f...
Broadcom stock sinks after hours as AI chip sales forecast disappoints Yahoo Finance UK Broadcom Reports Earnings Today. Here's How Much Traders Expect the Stock to Move Investopedia Broadcom Fiscal Q2 Adjusted Earnings, Revenue Rise; Q3 Outlook Set Moomoo Broadcom’s AI chip revenue hits $10.8B, forecast $16B next quarter Stock Titan Broadcom slides even as Q2 results, guidance top Wall Street's forecast (AVGO:NASDAQ) Seeking Alpha Broadcom Stock Closes at a Record. It’s Getting a Double Boost From Google and Marvell. Barron's HSBC massively revamps Broadcom’s stock price target thestreet.com Broadcom Heads into Earnings as the Quiet Backbone of the AI Build-Out TradingView Ahead of Broadcom Earnings, Here’s What Barchart Data Says Comes Next for AVGO Stock Barchart.com
Michael M. Santiago/Getty Images News Goldman Sachs Group ( GS ) COO John Waldron told CNBC News in an interview that his estimates are the Federal Reserve will cut rates by the end of 2026. Waldron was discussing his view on equity markets at the 'Closing Bell'. He was asked whether the Fed will cut rates this year, hike rates, or do anything. "As a more practitioner, not an economist, I see a lo...
Michael M. Santiago/Getty Images News Goldman Sachs Group ( GS ) COO John Waldron told CNBC News in an interview that his estimates are the Federal Reserve will cut rates by the end of 2026. Waldron was discussing his view on equity markets at the 'Closing Bell'. He was asked whether the Fed will cut rates this year, hike rates, or do anything. "As a more practitioner, not an economist, I see a lot of inflation in the economy." ... "It leads me to believe that it's less likely that we may see a cut right at the moment." On Kevin Warsh's appointment, Waldron said he thinks the new Fed chair will focus on the balance sheet. On the tech trade, Waldron said that right now, there is more greed than fear in the market. "We are seeing extraordinary demand for anything that is in that AI ecosystem." "It's not the exuberance of other eras we have seen. I would still maintain a fair bit of conviction that we have ways to go here." When asked if we are at or near the peak growth stage, the COO said, "I think we are in the infrastructural build phase of this revolution. We are going to shift at some point to applications and deployment for companies like ours." "When we see that part of the phase, we will see like another up. You might see the value chain shift; you might see stocks readjust. You might see value going to those that are deploying the infrastructural layout. But I think that could be another leg up in this scheme of the broader ecosystem." More on Goldman Sachs The Goldman Sachs Group, Inc. (GS) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Goldman Sachs Becomes Top Underwriter For SpaceX IPO, Posts Historically Strong Quarter The Goldman Sachs Group, Inc. (GS) Shareholder/Analyst Call Prepared Remarks Transcript Anthropic picks Morgan Stanley, Goldman Sachs to lead IPO - report The 10 least attractive large-cap financial stocks in the U.S
Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on Broadcom Broadcom: Still A Buyer At 61x, But The Print Has To Be Flawless Broadcom Q2: Why The FY 2027 $100B Target May Already Be Obsolete Broadcom: The Dual Moat Is Still Undervalued Stocks to watch on Wednesday after-hours: AVGO, CRWD, FIVE Broadcom slides even as Q2 results, guidance top Wall Street's forecast
Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on Broadcom Broadcom: Still A Buyer At 61x, But The Print Has To Be Flawless Broadcom Q2: Why The FY 2027 $100B Target May Already Be Obsolete Broadcom: The Dual Moat Is Still Undervalued Stocks to watch on Wednesday after-hours: AVGO, CRWD, FIVE Broadcom slides even as Q2 results, guidance top Wall Street's forecast
The powerful stock-market rally took a breather on Wednesday after a solid stretch of gains. As of the closing bell, the S&P 500 had wiped out its advance from earlier in the week, placing a lengthy weekly winning streak in jeopardy.
The powerful stock-market rally took a breather on Wednesday after a solid stretch of gains. As of the closing bell, the S&P 500 had wiped out its advance from earlier in the week, placing a lengthy weekly winning streak in jeopardy.
In this article CRWD Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:17 01:17 CrowdStrike shares sink despite beat on earnings and revenue, announces 4-for-1 stock split Closing Bell: Overtime CrowdStrike narrowly beat Wall Street's fiscal first-quarter estimates after the bell on Wednesday, but shares dropped 9% following the report. Here's how the company did versus LSEG estima...
In this article CRWD Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:17 01:17 CrowdStrike shares sink despite beat on earnings and revenue, announces 4-for-1 stock split Closing Bell: Overtime CrowdStrike narrowly beat Wall Street's fiscal first-quarter estimates after the bell on Wednesday, but shares dropped 9% following the report. Here's how the company did versus LSEG estimates: Earnings per share : $1.10 adjusted vs. $1.07 expected Revenue : $1.39 billion vs. $1.36 billion estimate The cybersecurity company said revenue grew 26% from a year ago. Net income totaled about $27.8 million, or 11 cents per share. That's up from a net loss of $104.3 million, a loss of 42 cents per share, last year. CrowdStrike also announced a four-for-one stock split effective in July. Shares closed at $747.61 on Wednesday. CEO George Kurtz said the company is benefiting from an " AI inflection point" fueled by rising customer platform adoption. "In Q1, the worlds of cybersecurity and frontier AI collided: this was the Mythos moment," he said in a press release. "CrowdStrike is AI security infrastructure, critical to successful AI adoption." CrowdStrike is among a wave of cybersecurity companies profiting from skyrocketing demand for cyber tools as advanced models such as Anthropic's Mythos threaten to accelerate the pace of cyberattacks. The sector has also managed to shake off recent AI disruption concerns that rattled software names earlier this year. CrowdStrike is up about 60% this year. Read more CNBC tech news Meta is trying to sell AI agents to businesses in latest effort to diversify away from ads SpaceX targets fixed $135 IPO roadshow price at $1.75 trillion valuation, source says OpenAI CEO Sam Altman to meet with lawmakers, Trump officials in D.C. Tesla's China-made EV sales jump nearly 40% in May as domestic market rebounds CrowdStrike is also testing Anthropic's Mythos through Project Glasswing. The AI lab gave several companies early access to the mo...
Hacer Keles/iStock via Getty Images The Canadian government has confirmed plans to acquire 26 High Mobility Artillery Rocket Systems (HIMARS) from Lockheed Martin ( LMT ) for $2.6 billion, along with associated munitions and a 10-year industrial benefits package, marking a significant modernization of the Canadian Army's long-range strike capabilities. The purchase adds Canada to a growing list of...
Hacer Keles/iStock via Getty Images The Canadian government has confirmed plans to acquire 26 High Mobility Artillery Rocket Systems (HIMARS) from Lockheed Martin ( LMT ) for $2.6 billion, along with associated munitions and a 10-year industrial benefits package, marking a significant modernization of the Canadian Army's long-range strike capabilities. The purchase adds Canada to a growing list of U.S. allies adopting the truck-mounted rocket artillery system, which has gained prominence in recent years through its use in Ukraine and other military operations. HIMARS can fire guided rockets and longer-range missiles and is designed to integrate with NATO forces using common munitions and communications standards. For investors, the deal highlights continued demand for precision-guided weapons and artillery systems among NATO members as governments increase defense spending amid heightened geopolitical tensions. The order adds to Lockheed Martin's ( LMT ) backlog in its missiles and fire-control business, one of the company's fastest-growing segments, while reinforcing the long-term outlook for production of Guided Multiple Launch Rocket System munitions and the Precision Strike Missile. The Canadian government said the acquisition includes launchers, munitions and a decade-long industrial and economic benefits program intended to support domestic defense-related businesses and research organizations. Under the arrangement, Lockheed Martin plans to direct investments toward Canadian small and medium-sized companies, research institutions and Indigenous partners. HIMARS is designed to provide highly mobile, long-range precision fire support and can be transported aboard C-130 and C-17 military aircraft. The system is already operated by several NATO countries and has become a cornerstone of Western artillery modernization efforts. The procurement aligns with Canada's broader defense modernization strategy and its Industrial and Technological Benefits policy, which req...
July Nymex natural gas (NGN26 ) on Wednesday rose +0.047 (+1.48%). Nat-gas prices moved higher on Wednesday on the outlook for a below-average build in weekly nat-gas storage. The consensus is that Thursday’s EIA weekly nat-gas inventories will climb by +99 bcf for the week ending May 29, below the...
July Nymex natural gas (NGN26 ) on Wednesday rose +0.047 (+1.48%). Nat-gas prices moved higher on Wednesday on the outlook for a below-average build in weekly nat-gas storage. The consensus is that Thursday’s EIA weekly nat-gas inventories will climb by +99 bcf for the week ending May 29, below the...