agafapaperiapunta/iStock Editorial via Getty Images Deutsche Bank ( DB ) CFO Raja Akram said the German lender's second-quarter provisions are expected to be a little bit higher than analyst estimates. Akram was speaking at the Goldman Sachs 30th Annual European Financials Conference 2026. The stock had slipped after reporting higher Q1 earnings as provisions had jumped at the investment banking u...
agafapaperiapunta/iStock Editorial via Getty Images Deutsche Bank ( DB ) CFO Raja Akram said the German lender's second-quarter provisions are expected to be a little bit higher than analyst estimates. Akram was speaking at the Goldman Sachs 30th Annual European Financials Conference 2026. The stock had slipped after reporting higher Q1 earnings as provisions had jumped at the investment banking unit. At the group level, provision for credit losses surged by 10% to €519M, driven by a 77% rise in provisions at the investment banking unit to €290M. For Q2, the Visible Alpha consensus for credit loss provisions stands at €408.96M. "We have made a decision that it is worthwhile for us from both a derisking and a capital perspective to exit some nonperforming exposures from -- under the European regulatory rules," said Akram. "These nonperforming exposures actually eat up a lot of capital. So in this quarter, we probably will take €100M or so impact to exit these nonperforming exposures," said the CFO. "So we will be lower sequentially quarter-over-quarter, perhaps a little bit higher than consensus," he noted. "Despite that, we still believe that the operating profit guidance that we have given for the year stays," said the CFO. More on Deutsche Bank Deutsche Bank Aktiengesellschaft (DB) Presents at Goldman Sachs 30th Annual European Financials Conference 2026 Transcript Deutsche Bank: Why It's Not Yet Cheap Enough Deutsche Bank Aktiengesellschaft (DB) Q1 2026 Earnings Call Transcript Deutsche shareholders urge management to control costs during AGM - report Deutsche stock slides as Q1 provisions jump, revenue impacted by corporate bank, investment bank units
Earnings Call Insights: Medtronic (MDT) Q4 fiscal 2026 Management View “In our fourth quarter of fiscal 2026, we delivered $9.8 billion in revenue, up 9.9% on a reported basis and 6.6% organically.” (Chairman of the Board & CEO Geoffrey Martha) “For the full fiscal year, we delivered $36.4 billion in revenue... marking our strongest top line performance in 10 years.” (Chairman of the Board & CEO G...
Earnings Call Insights: Medtronic (MDT) Q4 fiscal 2026 Management View “In our fourth quarter of fiscal 2026, we delivered $9.8 billion in revenue, up 9.9% on a reported basis and 6.6% organically.” (Chairman of the Board & CEO Geoffrey Martha) “For the full fiscal year, we delivered $36.4 billion in revenue... marking our strongest top line performance in 10 years.” (Chairman of the Board & CEO Geoffrey Martha) “CAS delivered another outstanding quarter with 78% worldwide growth and gaining an additional 8 points of U.S. share.” (Chairman of the Board & CEO Geoffrey Martha) “Since the NCD, we have doubled average weekly procedure volumes. And now Simplicity is annualizing at $100 million.” (Chairman of the Board & CEO Geoffrey Martha) “In early March, we completed the MiniMed IPO, establishing it as a stand-alone publicly traded company.” (Chairman of the Board & CEO Geoffrey Martha) “Our adjusted gross margin was 65.4%, up 30 basis points year-over-year and up 50 basis points sequentially.” (Executive VP & CFO Thierry Pieton) “Tariffs impacted the business by $74 million or 80 basis points, in line with expectations.” (Executive VP & CFO Thierry Pieton) “I also want to take a moment to recognize Brett Wall, who will be leaving Medtronic this summer... Dr. Kweli Thompson will step into the role of Executive Vice President and President of our Neuroscience portfolio.” (Chairman of the Board & CEO Geoffrey Martha) Outlook “Today, we're guiding fiscal year '27 organic revenue growth of 6.75% to 7.25%, including approximately 11.5% to 12% organic growth in the first quarter.” (Executive VP & CFO Thierry Pieton) “We're guiding '27 EPS of $5.90 to $6.00.” (Executive VP & CFO Thierry Pieton) “We anticipate a tariff impact to COGS of approximately $250 million in total, including $75 million in the first quarter.” (Executive VP & CFO Thierry Pieton) “Because we do not yet know the timing of the MiniMed separation, we're taking a conservative approach and including the full...
Citigroup , Banco Santander SA and JP Morgan are among lenders working on a roughly $1 billion finance package for a project by Transportadora de Gas del Sur SA in Argentina’s Vaca Muerta shale formation, according to people familiar with the matter. The details of the package are still being negotiated, said the people, who declined to be named because the news is not yet public. The financing wo...
Citigroup , Banco Santander SA and JP Morgan are among lenders working on a roughly $1 billion finance package for a project by Transportadora de Gas del Sur SA in Argentina’s Vaca Muerta shale formation, according to people familiar with the matter. The details of the package are still being negotiated, said the people, who declined to be named because the news is not yet public. The financing would help support a $3 billion investment known as the NGL Project, one of the largest private-sector energy infrastructure developments underway in Argentina. The company has said it expects the project to generate roughly $1.2 billion in annual exports once operational. TGS, which is partly owned by energy company Pampa Energia SA , announced the project during an event in New York in March. It includes new gas processing facilities at an existing plant in Tratayen, near the Vaca Muerta shale basin, a 573-kilometer pipeline to Bahía Blanca on Argentina’s Atlantic coast, and export facilities. The company has said it plans to seek incentives under President Javier Milei‘s RIGI investment regime, which offers tax and foreign-exchange advantages for large projects. Representatives for JP Morgan, Santander and TGS declined to comment. Citibank didn’t immediately return requests to comment. TGS has described the project as the largest of its kind in the region and a “critical investment” that will help overcome one of the country’s “main infrastructure bottlenecks”, enabling Vaca Muerta to access new export markets. The company has signed preliminary agreements with several major Vaca Muerta operators. The deal would deepen a growing trend toward project financing in Argentina’s fast-expanding energy sector. Last year, the Vaca Muerta Sur oil pipeline secured a $2 billion syndicated loan from a group of international banks. State-controlled YPF SA is also pursuing financing for its Argentina LNG export plan, potentially drawing funding commitments in the $14 billion area. READ ...
Retirees face a pivotal choice between dividend‑focused stock ETFs and traditional bonds when planning long‑term income. Discover how time horizon, volatility, and inflation shape a balanced approach to retirement cash flow in the video below. *This video was published on May 29, 2026. Continue reading
Retirees face a pivotal choice between dividend‑focused stock ETFs and traditional bonds when planning long‑term income. Discover how time horizon, volatility, and inflation shape a balanced approach to retirement cash flow in the video below. *This video was published on May 29, 2026. Continue reading
Uber Introduces $1,500 Monthly Cap On AI Coding Tools After Budget Blowout Uber has set a $1,500 monthly cap on employee spending for specific AI coding tools after the company exhausted its entire 2026 budget for those tools in the first four months of the year. The limits apply to agentic coding platforms such as Anthropic’s Claude Code and Cursor, according to Stocktwits . Prior to the caps, so...
Uber Introduces $1,500 Monthly Cap On AI Coding Tools After Budget Blowout Uber has set a $1,500 monthly cap on employee spending for specific AI coding tools after the company exhausted its entire 2026 budget for those tools in the first four months of the year. The limits apply to agentic coding platforms such as Anthropic’s Claude Code and Cursor, according to Stocktwits . Prior to the caps, some engineers were generating monthly bills between $500 and $2,000 in token consumption as adoption of the tools surged following their rollout in late 2025. In April, Uber CTO Praveen Neppalli Naga went on the record saying the company had burned through its entire 2026 Claude Code budget in four months . Roughly 5,000 engineers, monthly usage rates between 84 and 95%, per-engineer bills ranging from $150 to $2,000. Neppalli reportedly torched $1,200 in tokens during a two-hour internal demo. Macdonald would later describe his reaction to learning the number as a "head-exploding moment." President and COO Andrew Macdonald has been open about the challenge - noting that while AI tools are seeing strong adoption, the direct connection between higher token spend and the delivery of useful new features for customers remains unclear. A company spokesperson said the new framework is intended to “responsibly encourage agentic AI adoption and experimentation at scale” while keeping costs under control. The restrictions do not apply to all AI tools used at Uber - only the higher-cost agentic coding software. A Wider Corporate Reckoning on AI Costs Uber’s move is part of a broader shift among large companies as they confront the real costs of scaling artificial intelligence. Walmart has similarly capped employee access to its internal AI assistant, Code Puppy, after usage far exceeded expectations. The retailer shifted from unlimited tokens to fixed per-employee allocations and is now emphasizing training to ensure AI is used for high-value tasks. This is what we've been seeing with...
T1 Energy ( TE ) is initiated Wednesday with an Outperform rating and $16 price target at Northland Capital, which says the company benefits from increased energy demand driven by AI and reshoring, and that it may also benefit from the new Section 232 tariffs rules, which are due at the end of June. T1 Energy ( TE ), which is building its first solar cell fab in Texas and expects to start producin...
T1 Energy ( TE ) is initiated Wednesday with an Outperform rating and $16 price target at Northland Capital, which says the company benefits from increased energy demand driven by AI and reshoring, and that it may also benefit from the new Section 232 tariffs rules, which are due at the end of June. T1 Energy ( TE ), which is building its first solar cell fab in Texas and expects to start producingcells by the end of the year, is an important part of establishing an end-to-end U.S. polysilicon-to-solar-panel supply chain, and as such will benefit from several macroeconomic shifts, Northland analyst Gus Richard says. The company's products are primarily used for utility-scale solar, the least expensive and quickest-to-build source of electricity, Richard notes; the alternatives, new natural gas combined-cycle plants and nuclear power plants, take years before large-scale deployment comes on-line and are more expensive forms of energy. This year, T1 ( TE ) needs to secure funding and build its solar wafer fab, while ramping up output at its new factory next year, which the analyst says are doable tasks, and while there are risks and likely bumps along the way, the company is well-positioned to benefit from rising demand for domestic FEOC-compliant solar panels. More on T1 Energy T1 Energy: AI Catalyst May Come From Monetizing 50 MW Of Power In Norway T1 Energy: Bridge Year Masks Long-Term Upside Potential T1 Energy Q1 2026 Earnings Call Presentation
Nvidia's massive dividend boost could lay the groundwork for other big tech companies to follow suit. The chipmaker has seen "parabolic" demand for its artificial intelligence chips in data centers and recently said it will expand into chips for personal computers — which will " reinvent the PC ," according to CEO Jensen Huang. That demand has been a cash-flow windfall for the company, which recen...
Nvidia's massive dividend boost could lay the groundwork for other big tech companies to follow suit. The chipmaker has seen "parabolic" demand for its artificial intelligence chips in data centers and recently said it will expand into chips for personal computers — which will " reinvent the PC ," according to CEO Jensen Huang. That demand has been a cash-flow windfall for the company, which recently said it would return even more money to shareholders. It declared a 2,400% dividend increase — from a 1 cent per share quarterly dividend to 25 cents a share — as well as an $80 billion share buyback program. The dividend will be paid on June 26 to shareholders on record as of Thursday. After the surprise dividend increase, dividend futures moved up at least two to three points across the curve, "reflecting the expected addition to the bottom-up consensus estimates for 2027 onwards," UBS strategist Maxwell Grinacoff said in a note Monday. "We think this could potentially open the door for other top-weighted SPX corporates with healthy FCF [free-cash-flow] yields to start paying or increasing dividends as part of their shareholder return programs," he added. NVDA YTD mountain Nvidia one year performance The tech sector is now the largest dividend payer in the S & P 500 for the first time ever, Grinacoff noted. He expects the most dividend growth over the next five years to come from tech, primarily from Nvidia and Amazon . The latter does not even pay a dividend yet. Still, big tech dividends remain small, with many of the yields under 1%. Nvidia currently has a 0.46% dividend yield, while Apple yields 0.35% and Microsoft has a 0.85% dividend yield. Alphabet , which yields 0.25%, also recently announced a dividend increase. It is raising its quarterly dividend by 5% to 22 cents per share. It is payable on June 15 to shareholders of record as of June 8. Cash flow for both growth and dividends Companies have only four things they can do with their cash: pay off debt, inves...
The future of the personal computer is a hot topic again, courtesy of Nvidia Corp. ’s announcement this week with Microsoft Corp. The leader in AI hardware is taking another run at making the central component for laptops, promising to bring the biggest change to the devices in decades. Nvidia’s RTX Spark Superchip announcement overshadowed everything else at a particularly busy edition of the Com...
The future of the personal computer is a hot topic again, courtesy of Nvidia Corp. ’s announcement this week with Microsoft Corp. The leader in AI hardware is taking another run at making the central component for laptops, promising to bring the biggest change to the devices in decades. Nvidia’s RTX Spark Superchip announcement overshadowed everything else at a particularly busy edition of the Computex trade show in Taipei. It dinged the stock prices of Intel Corp. and Advanced Micro Devices Inc. , lifted Nvidia partner MediaTek Inc. , and set up a fascinating confrontation for this fall, when the first devices built with this technology go on sale. The RTX Spark processor is the first in a line of new chips that Nvidia says will deliver the most optimized computers for artificial intelligence work — in the same way its products have become the backbone of AI data centers. The key difference compared with products from Intel and AMD is the ability to run large models on the device without reaching out to the internet. “This appears less like a laptop launch than a bid to redefine AI PCs,” said Bloomberg Intelligence analyst Steven Tseng . “Many so-called AI PCs currently available in the market still rely heavily on cloud AI, making them hard to distinguish from regular PCs with premium processors. Spark raises the bar by arguing that a true AI PC should be able to run AI agents locally.” The company that scaled up graphics cards into a half-trillion-dollar infrastructure business intends to overhaul the Windows ecosystem as well, and at Computex it showed off its powers of attraction. Windows creator Microsoft is fully behind the new project, and Nvidia Chief Executive Officer Jensen Huang has every PC maker in the world joining in. Lenovo Group Ltd. , Dell Technologies Inc. and Taiwanese partners like Asustek Computer Inc. are all demonstrating RTX Spark devices in Taipei. Nvidia plans to have three versions of each generation — a laptop, a desktop and a workstati...
The owners of Xnrgy Climate Systems , a closely held manufacturer of heating an cooling parts for AI data centers, are considering a sale that could value the company at as much as $10 billion, according to people familiar with the matter. The owners, which include a BlackRock Inc. and Temasek Holdings Pte joint venture, are working with advisers to explore strategic options for the Montreal-based...
The owners of Xnrgy Climate Systems , a closely held manufacturer of heating an cooling parts for AI data centers, are considering a sale that could value the company at as much as $10 billion, according to people familiar with the matter. The owners, which include a BlackRock Inc. and Temasek Holdings Pte joint venture, are working with advisers to explore strategic options for the Montreal-based company, which could include a sale, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Representatives for Xnrgy and Decarbonization Partners — the BlackRock-Temasek JV — didn’t immediately respond to requests for comment. A final decision hasn’t been made and the owners could elect to keep the business, the people said. Should a deal proceed it would be the latest in a wave of deals as companies look to get exposure to the supply chain needed to build AI data centers. In March, Ecolab Inc. agreed to buy CoolIT Systems Inc. , which develops cooling technology for AI data centers, from funds managed by KKR & Co. , for $4.75 billion. That same month, Eaton closed a $9.5 billion acquisition of the Boyd Thermal business from the Goldman Sachs-backed Boyd Corporation. Xnrgy was founded in 2019 by Chief Executive Officer Wais Jalali and operates a site in Montreal and two sites in Arizona, according to the company’s website . The company received investments from Climate Investment, Activate Capital and Decarbonization Partners in October to expand its existing facilities. Representatives for Climate Investment and Activate Capital also didn’t immediately respond to requests for comment.
Investors often choose between established titans and high-growth disruptors when building a portfolio. We compare Salesforce (NYSE:CRM) and Braze (NASDAQ:BRZE) to see which stock is a better buy today. Salesforce is the cloud pioneer that consolidated enterprise sales and marketing into a unified digital platform. Braze focuses on real-time messaging and mobile engagement to help brands interact ...
Investors often choose between established titans and high-growth disruptors when building a portfolio. We compare Salesforce (NYSE:CRM) and Braze (NASDAQ:BRZE) to see which stock is a better buy today. Salesforce is the cloud pioneer that consolidated enterprise sales and marketing into a unified digital platform. Braze focuses on real-time messaging and mobile engagement to help brands interact with customers instantly. Both companies compete for digital transformation budgets as businesses prioritize data-driven communication. Salesforce is a global leader in customer relationship management that helps businesses unify their sales and marketing data. As a major force among tech stocks , the company provides a unified platform for AI, commerce, and service. It currently employs over 71,000 people and serves a diverse global client base, with no single customer accounting for more than 10% of revenue. Continue reading
Christina Lee, managing director and co-portfolio manager at Oaktree, joins Scarlet Fu and Dani Burger on "Bloomberg Deals." Lee spoke after her appearance at the Bloomberg Credit Forum. Private credit managers are fending off rising portfolio stress and investor redemptions. (Source: Bloomberg)
Christina Lee, managing director and co-portfolio manager at Oaktree, joins Scarlet Fu and Dani Burger on "Bloomberg Deals." Lee spoke after her appearance at the Bloomberg Credit Forum. Private credit managers are fending off rising portfolio stress and investor redemptions. (Source: Bloomberg)
Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the extent of a major investment by the ride-hailing company in developing commercial robotaxis. Uber has been positioning itself as a platform for the nascent industry and has partnered with many autonomous vehicle companies, including Chinese tech gi...
Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the extent of a major investment by the ride-hailing company in developing commercial robotaxis. Uber has been positioning itself as a platform for the nascent industry and has partnered with many autonomous vehicle companies, including Chinese tech giant Baidu, U.S. electric vehicle maker Rivian, and British startup Wayve. One of Uber's commitments is a three-way partnership with Nuro and electric vehicle company Lucid to roll out 35,000 robotaxis using Lucid's Gravity SUVs and upcoming midsize vehicles, Nuro's technology and Uber's platform.
Tesla’s Optimus is built to be a high-margin industrial machine that drastically undercuts cheap offshore labor. This shift from consumer gadget to essential manufacturing infrastructure presents a compelling reason to build a cautious long position in TSLA.
Tesla’s Optimus is built to be a high-margin industrial machine that drastically undercuts cheap offshore labor. This shift from consumer gadget to essential manufacturing infrastructure presents a compelling reason to build a cautious long position in TSLA.
I Predicted the ‘Couch Problem’ Meant Tesla’s Optimus Was Doomed to Fail. Focusing on Factory Labor Flips My TSLA Stock Thesis on Its Head. Barchart.com
I Predicted the ‘Couch Problem’ Meant Tesla’s Optimus Was Doomed to Fail. Focusing on Factory Labor Flips My TSLA Stock Thesis on Its Head. Barchart.com