Lyft’s modeled fair value was trimmed from US$20.31 to US$19.28, signaling a small reset in the price targets underpinning many recent research notes. Analysts are tying this shift to cautious revisions in their assumptions and to mixed reactions around Lyft’s growing work with Nvidia on autonomous driving, where both execution risk and potential upside feature prominently. As you read on, you wil...
Lyft’s modeled fair value was trimmed from US$20.31 to US$19.28, signaling a small reset in the price targets underpinning many recent research notes. Analysts are tying this shift to cautious revisions in their assumptions and to mixed reactions around Lyft’s growing work with Nvidia on autonomous driving, where both execution risk and potential upside feature prominently. As you read on, you will see how this evolving analyst narrative might shape the way you track Lyft from here. Stay...
Oil held a drop, with the US and Iran looking to arrange a second round of peace talks in the coming days, as a blockade of the Strait of Hormuz continued to impede energy supplies vital for the world economy. West Texas Intermediate steadied near $92 a barrel after slumping almost 8% on Tuesday. The objective is to hold more discussions before an April 7 ceasefire expires next week, according to ...
Oil held a drop, with the US and Iran looking to arrange a second round of peace talks in the coming days, as a blockade of the Strait of Hormuz continued to impede energy supplies vital for the world economy. West Texas Intermediate steadied near $92 a barrel after slumping almost 8% on Tuesday. The objective is to hold more discussions before an April 7 ceasefire expires next week, according to people familiar with the matter. One proposal is to return to Pakistan, though other venues are being considered. In the meantime, the US is pressing ahead with a naval blockade of Hormuz to curb the Islamic Republic’s oil exports. For its part, Tehran is considering a short-term pause to shipments through the waterway to avoid testing the US cordon, according to a person familiar with the matter. The global oil market has been jolted by the conflict, which triggered an unprecedented supply shock. Surging prices for physical crude and products such as jet fuel and gasoline are squeezing consumers and taking a toll on demand, with the International Energy Agency forecasting a contraction in consumption this year. “Headlines continue to dominate price action, with markets leaning toward a normalization of flows by the end of April,” said Rebecca Babin , senior energy trader at CIBC Private Wealth Group. “Sustained increases in traffic will be the key signal to watch, alongside the trajectory of negotiations.” US President Donald Trump said talks could resume “over the next two days” in Pakistan, the New York Post reported. If so, that would build on a marathon-yet-inconclusive session in Islamabad last weekend. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for May delivery was 1.1% higher at $92.27 a barrel at 6:01 a.m. in Singapore. Brent for June settlement declined 4.6% to settle at $94.79 a barrel on Tuesday.
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures were little changed on Tuesday night as the S&P 500 ended the day's regular session less than 1% from its all-time high. Futures tied to the broad market index and Nasdaq 100 futures were last trading marginally lower. Dow Jones Industrial Average futures fell by 17 points, or less than 0.1%. On Tuesday, the S&P 500 ...
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures were little changed on Tuesday night as the S&P 500 ended the day's regular session less than 1% from its all-time high. Futures tied to the broad market index and Nasdaq 100 futures were last trading marginally lower. Dow Jones Industrial Average futures fell by 17 points, or less than 0.1%. On Tuesday, the S&P 500 rose 1.18%. The Nasdaq Composite gained 1.96%, while the blue-chip Dow advanced 317.74 points, or 0.66%. The S&P 500 is nearing its all-time high of 7,002.28, reached on Jan. 28. Tuesday marked the index's ninth positive session in 10, while the technology-heavy Nasdaq also posted its 10th straight session of gains. The S&P 500's Monday advance erased its losses dating back to when the Iran conflict began in late February. Investors sent stocks higher on the potential of a deal between the U.S. and Iran materializing, with President Donald Trump saying on Monday that "We've been called by the other side." He added: "They'd like to make a deal very badly." On Tuesday, a White House official told CNBC that a second round of negotiations between Washington and Tehran is under discussion. Nothing has been officially scheduled yet, noted the official, who asked not to be named to discuss the administration's internal plans. "I don't think we're done with the conflict yet. I think there are plenty of concerns still out there," Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management, said on CNBC's " Closing Bell: Overtime " on Tuesday afternoon. "That being said, I do think there are plenty of long-term opportunities for investors to lean into … now you're seeing investors run back to their favorites, which I think going forward, especially for an intermediate to long-term investor, the opportunities are in things that haven't done as well the past few years in this narrow market that we've had," he added. A slew of companies will report earnings before W...
The chef spies on failing eateries then visits them at night to unearth their secrets – with results that are quite often nauseating … and yet surprisingly emotional It’s 1.07am in Washington DC, and Gordon Ramsay is in a baseball cap, driving. His destination: Parthenon, once a thriving neighbourhood joint where White House power-brokers ate Greek. But 36 years after it was opened by Pete, who le...
The chef spies on failing eateries then visits them at night to unearth their secrets – with results that are quite often nauseating … and yet surprisingly emotional It’s 1.07am in Washington DC, and Gordon Ramsay is in a baseball cap, driving. His destination: Parthenon, once a thriving neighbourhood joint where White House power-brokers ate Greek. But 36 years after it was opened by Pete, who left Zakynthos for a new life in America when he turned 18, Parthenon is in such a state that one of its staff has contacted Ramsay and arranged for him to break in overnight. Kitchen Nightmares was a decent runner for Channel 4 in the UK, but the US remake was a bigger hit, lasting for more than 100 episodes – so this follow-up has a lot to live up to. Gordon Ramsay’s Secret Service overreacts to the challenge by keeping the basic format (our man lovingly bullying bad restaurateurs into being good), then hurriedly throwing on garnish after garnish. Continue reading...
When I’m seen changing a nappy, surprise on people’s faces tells me the bar isn’t just set low, in many contexts it doesn’t exist The slow, weeks-long reckoning that followed my son’s birth three months ago was something no book had prepared me for. What crept up on me was a dawning existential realisation, somewhere between one overnight feed and the next, that everything had quietly reorganised ...
When I’m seen changing a nappy, surprise on people’s faces tells me the bar isn’t just set low, in many contexts it doesn’t exist The slow, weeks-long reckoning that followed my son’s birth three months ago was something no book had prepared me for. What crept up on me was a dawning existential realisation, somewhere between one overnight feed and the next, that everything had quietly reorganised itself while I was too exhausted to notice. For nearly a decade I’ve been building my identity as a men’s health psychologist and researcher – testing it, recalibrating, working out how I want to operate. By the time my son, Arty, arrived, I knew that version of myself reasonably well. What I hadn’t reckoned with was the second identity that came with him: one that needed to find its place inside a life that was already fully furnished. This one didn’t come with a mentor, a peer group who’d been through it or years of iteration to draw on. It just arrived, and I was expected to know what to do with it. Continue reading...
The latest iteration of the Save America act could disenfranchise millions of voters. Guardian democracy reporters George Chidi and Sam Levine will be taking readers’ questions at 12pm ET (5pm BST) on Wednesday about its implications. Post yours now Sign in or create your Guardian account to join the discussion The latest version of the Save America act could, if it is passed, upend voting for all...
The latest iteration of the Save America act could disenfranchise millions of voters. Guardian democracy reporters George Chidi and Sam Levine will be taking readers’ questions at 12pm ET (5pm BST) on Wednesday about its implications. Post yours now Sign in or create your Guardian account to join the discussion The latest version of the Save America act could, if it is passed, upend voting for all Americans in the middle of a federal midterm election year and create costly, chaotic changes for elections workers. As this explainer by Rachel Leingang sets out: “this year’s version [of Save] includes expansive documentary proof of citizenship requirements and criminal liability for election officials from the initial Save act, in addition to a very strict voter ID requirement for casting a ballot and a provision that requires states to regularly turn their voter rolls over to the Department of Homeland Security.” George Chidi is the Guardian’s politics and democracy correspondent. His recent reporting has included looking at the states bringing in strict proof-0f-citizenship requirements to register to vote and covering efforts by the FBI to investigate Fulton county in Georgia over the 2020 election , the results of which are still challenged by Donald Trump’s supporters. Continue reading...
Major earnings expected before the bell on Wednesday include: Bank of America Corporation ( BAC ) ASML Holding N.V. ( ASML ) Morgan Stanley ( MS ) The PNC Financial Services Group ( PNC ) Other earnings slated for release before Wednesday's open include: FHN , MTB , PGR , TRX For Seeking Alpha's full earnings season calendar, click here .
Major earnings expected before the bell on Wednesday include: Bank of America Corporation ( BAC ) ASML Holding N.V. ( ASML ) Morgan Stanley ( MS ) The PNC Financial Services Group ( PNC ) Other earnings slated for release before Wednesday's open include: FHN , MTB , PGR , TRX For Seeking Alpha's full earnings season calendar, click here .
Sony is removing some features from its recent Bravia smart TVs next month, a move that will affect people who use an antenna or a set-top box. As of “late May 2026,” people who use an antenna with the affected TV models will see a reduced TV guide, according to a support page spotted by Cord Cutters News . Per the support page, “program information may not appear depending on the channel,” and “o...
Sony is removing some features from its recent Bravia smart TVs next month, a move that will affect people who use an antenna or a set-top box. As of “late May 2026,” people who use an antenna with the affected TV models will see a reduced TV guide, according to a support page spotted by Cord Cutters News . Per the support page, “program information may not appear depending on the channel,” and “only programs from recently watched channels may be shown” for channels delivered through an antenna. Users will also no longer see channel logos or thumbnail images in program descriptions for TV channels delivered through an antenna. Read full article Comments
The US naval blockade of Iranian ports is not a tactic to force China to pressure Iran into a peace deal, according to analysts. Rather, the US aimed to end the war through showing its maritime supremacy over the world’s most vital energy chokepoint, they argued. Washington began to enforce the blockade on Monday, drawing threats of retaliation from Tehran. It remains unclear how fully the blockad...
The US naval blockade of Iranian ports is not a tactic to force China to pressure Iran into a peace deal, according to analysts. Rather, the US aimed to end the war through showing its maritime supremacy over the world’s most vital energy chokepoint, they argued. Washington began to enforce the blockade on Monday, drawing threats of retaliation from Tehran. It remains unclear how fully the blockade can be enforced. The US Navy currently has at least 15 ships in the region, including an aircraft...
Daiichi Life Group Inc. is tightening the process for selecting managers of private credit investments to decrease risk after several high-profile defaults overseas. Japan’s second-biggest life insurer by assets will more strictly assess managers’ performance, how stable their assets under management have been and if there has been investment sector bias, according to Masashi Kataoka , head of the...
Daiichi Life Group Inc. is tightening the process for selecting managers of private credit investments to decrease risk after several high-profile defaults overseas. Japan’s second-biggest life insurer by assets will more strictly assess managers’ performance, how stable their assets under management have been and if there has been investment sector bias, according to Masashi Kataoka , head of the alternative investment unit at the Tokyo-based firm. “Now’s the time to scrutinize managers,” Kataoka said in an interview. “There are big differences in the skill levels of alternative investment managers, and we’re seeing that now.” Several bankruptcies of corporate borrowers in the US have fueled investor concern about the safety of putting cash in the market, and those worries are starting to affect Japanese firms’ investment decisions. They’ve seen how investors were unable to redeem billions of dollars of capital in private credit as US firms limited withdrawals. Japan’s Financial Services Agency said that the nation’s financial firms have “limited” exposure to private credit in the US, and their risk management has become more sophisticated, but the regulator will continue to review risk-taking policies. The market’s more cautious tone comes as Japanese financial companies rush to catch up with peers in the US and Europe, to diversify their portfolios with private credit as an alternative to stocks and bonds. Daiichi Life is also considering establishing a system that utilizes data analysis by external firms to manage the balance of its asset portfolios and monitor early signs of risk, Kataoka said. The insurer is reducing its share holdings to decrease risk as part of the industry’s efforts to improve financial health. That means that some of its dividend income from equities will be gone, and companies are trying to offset that loss by generating investment returns from private credit. Sumitomo Life Plans to Invest $1.9 Billion in Private Credit Japan FSA Watching...
SneSivan/iStock via Getty Images In a surprisingly short amount of time, the S&P 500 has quickly shaken off the risk-off mentality and market jitters that have dominated since the conflict in Iran began. That said, many pockets of the stock market remain in deeply negative territory, particularly small- and mid-cap growth stocks, which have re-rated substantially downward. Hims & Hers ( HIMS ), th...
SneSivan/iStock via Getty Images In a surprisingly short amount of time, the S&P 500 has quickly shaken off the risk-off mentality and market jitters that have dominated since the conflict in Iran began. That said, many pockets of the stock market remain in deeply negative territory, particularly small- and mid-cap growth stocks, which have re-rated substantially downward. Hims & Hers ( HIMS ), the personalized medications company, has seen one of the biggest re-ratings in the stock market to date. Shares are down nearly 40% since January, and relative to peaks above $60 briefly notched last year, the stock has lost two-thirds of its value. The question now is, when and how does Hims exit the bear market? Data by YCharts I last wrote a "Buy" article on Hims in January, when the stock was trading at $33 per share. Needless to say, my bullishness was ill-timed, and I wasn't able to predict the sharp re-rating in small- and mid-cap growth that has taken place over the past few months. But when I take a look at this stock with fresh eyes, I see many appealing characteristics that make its freshly reduced valuation multiples a very compelling buy. I'm reiterating my "Buy" rating here. With GLP-1 volatility in the rearview mirror, Hims & Hers' valuation is overdue for upward re-rating As a reminder, over the past year, much of the volatility in Hims & Hers stock has concentrated around the unsure path to GLP-1 sales. Novo Nordisk, one of the principal makers of GLP-1 weight loss medications, initially sued Hims for infringing on its patent and selling an unauthorized compounded version of the drug after Novo exited its supply shortage status. In March, Novo Nordisk dropped its lawsuit against Hims & Hers. And then, beginning on May 26, Hims & Hers jointly announced with Novo Nordisk that it would be officially selling Wegovy and Ozempic on its platform (beginning at $149/month), effectively turning Hims & Hers into an authorized distribution channel for Novo Nordisk. Mean...
According to the Trump administration, six merchant vessels complied with instructions from American forces to turn around and re-enter an Iranian port during the first day of its promised blockade, as traders watched for signs of ships testing the restrictions. No vessels made it through the flotilla, the US said, which is made up of more than a dozen warships and 10,000 service personnel. The ad...
According to the Trump administration, six merchant vessels complied with instructions from American forces to turn around and re-enter an Iranian port during the first day of its promised blockade, as traders watched for signs of ships testing the restrictions. No vessels made it through the flotilla, the US said, which is made up of more than a dozen warships and 10,000 service personnel. The administration says it is enforcing the measures in the Gulf of Oman and the Arabian Sea, lying in wait for Iranian vessels that try to sail out of the Persian Gulf. That means some ships can cross the Strait of Hormuz but still not break the blockade. As the blockade continues, Iran and the US are said to be looking to arrange a second round of peace talks following a failed first round, with Tehran mulling a pause in shipments through the strait to help ease the path toward an agreement on time and place. The stated objective is to hold more discussions before a ceasefire in the US-Israel war with Iran expires next week. With the possibility of further peace talks, stocks continued their climb on Tuesday, putting the S&P 500 Index within sight of a fresh record. What You Need to Know Today On Wall Street, it’s earnings season. JPMorgan pulled in $11.6 billion in trading revenue in the first quarter. That’s up 20% from a year earlier, with both equities traders and their counterparts in fixed income, currencies and commodities beating analysts’ expectations. Citigroup saw its highest quarterly revenue in a decade . The fixed-income unit generated $5.2 billion of revenue in the first quarter, a 13% jump from a year earlier. Its equities business hauled in a record $2.1 billion, a 39% increase. Wells Fargo, meanwhile, missed analysts’ estimates for its primary income streams in the first quarter, with net interest income totaling $12.1 billion and noninterest income coming in at $9.35 billion. Goldman Sachs’ bond- and rates-trading revenue dropped. Its equities traders had a r...
Susan Vineyard/iStock Editorial via Getty Images ONEOK, Inc. (NYSE: OKE ) is a more than $50 billion midstream company, with an around 5% dividend yield. The company is a C-corp with a traditional payout structure versus other MLP K-1 midstream companies. The company has heavily outperformed the market since we last recommended investing, with a cautious ratings upgrade , but we still recommend in...
Susan Vineyard/iStock Editorial via Getty Images ONEOK, Inc. (NYSE: OKE ) is a more than $50 billion midstream company, with an around 5% dividend yield. The company is a C-corp with a traditional payout structure versus other MLP K-1 midstream companies. The company has heavily outperformed the market since we last recommended investing, with a cautious ratings upgrade , but we still recommend investing at this time. ONEOK Investment Overview ONEOK has an impressive ~60k mile pipeline network with major assets connected to all the major centers. Oneok Investor Presentation Most importantly, the company has "full-cycle" connections. That means that not only does it take natural gas liquids and gas to the major refining and distribution centers in Oklahoma and Texas, but it takes refined products back to major population centers like Chicago. This is a resilient fee-based model where Oneok is well connected. Oneok Investor Presentation ONEOK's portfolio is well distributed across these different business segments. The company's 2026 guidance for EBITDA is $8.1 billion, well distributed across its geographic and commodity cycles. It's important here that the company's business has a minimal crude oil demand component. In our view, crude oil has more climate change, etc., risk than natural gas, especially with LNG growth. We expect ONEOK's natural gas portfolio to position the company incredibly well for long-term cash flow. Additionally, refined products and crude pipelines tend to move into population centers. That means not only do they have stable consumer demand, but population centers are very hard places to build pipelines, meaning a tough-to-replace asset. ONEOK 2026 Guidance ONEOK's 2026 guidance does have some concerns; however, we're optimistic in some regards. Oneok Investor Presentation First, the company is betting on weak oil and gas prices, weaker than 2025 prices that took a hit after "liberation day policies". It expects ~0.2% EBITDA growth, but that'...
Getty Images Last fall, shares of Nokia Oyj ( NOK ) jumped after posting quarterly results . The rally eventually faded, only to build on an uptrend. More recently, NOK stock traded above $10, rewarding investors with a return of over 70%. That handily beat the S&P 500’s return of 3.33%. Does Nvidia’s ( NVDA ) investment in Nokia justify the legacy firm’s strong performance? What should investors ...
Getty Images Last fall, shares of Nokia Oyj ( NOK ) jumped after posting quarterly results . The rally eventually faded, only to build on an uptrend. More recently, NOK stock traded above $10, rewarding investors with a return of over 70%. That handily beat the S&P 500’s return of 3.33%. Does Nvidia’s ( NVDA ) investment in Nokia justify the legacy firm’s strong performance? What should investors expect when the company posts its quarterly results at the end of April? NVIDIA Invested $1 Billion In Nokia On October 28, 2025, Nvidia and Nokia announced that they would pioneer the AI platform for 6G . They said that this initiative would power America’s return to telecommunications leadership. The weak performance in shares of T-Mobile ( TMUS ), Crown Castle ( CCI ), American Tower ( AMT ), Verizon Communications ( VZ ), and AT&T ( T ) would support that view. Amid the advent of 5G in the last decade, growth in communication service providers lagged other industries. With AI hypergrowth in play, Nvidia and Nokia will have a commercial-grade AI-RAN suite of products. CSPs may launch AI-native 5G-Advanced and 6G networks on Nvidia platforms. As a sign of its commitment, Nvidia invested $1 billion in Nokia, paying $6.01 a share. NOK stock traded at around $10.42, so Nvidia already has a paper profit of $733.78 million. The AI-RAN market has a total addressable market that exceeds a cumulative $200 billion by 2030. This is according to Omdia, an analyst firm. T-Mobile is a collaborative partner in this deal. Trials started this year, so expect Nokia to give investors an update on its progress in the next earnings report. Stock Performance Nokia started this week with bullish momentum. BofA upgraded the stock to a “Buy” rating . Analyst Oliver Wong cited hyperscalers in optical systems as a growth catalyst. Additionally, Nokia will benefit from customers shifting to 800G. Cost cuts and operational efficiencies will contribute to the margin improvement. Nokia shares traded a...
jetcityimage Northrop Grumman Systems, a wholly owned subsidiary of Northrop Grumman ( NOC ), received a contract modification worth $475.3M, increasing the total deal value to $1.31B. The project focuses on developing a Glide Phase Interceptor missile system on an accelerated timeline. The work is expected to be completed by June 2028. The total of $174.1M in funding has been allocated at the tim...
jetcityimage Northrop Grumman Systems, a wholly owned subsidiary of Northrop Grumman ( NOC ), received a contract modification worth $475.3M, increasing the total deal value to $1.31B. The project focuses on developing a Glide Phase Interceptor missile system on an accelerated timeline. The work is expected to be completed by June 2028. The total of $174.1M in funding has been allocated at the time of the award, and the Missile Defense Agency is managing the contract . More on Northrop Grumman Northrop Grumman: Not Cheap Enough Before Q1'26 Northrop Grumman: Undervalued Ahead Of Key Program Ramp Northrop Grumman Corporation (NOC) Presents at Citi's Global Industrial Tech & Mobility Conference 2026 Transcript Northrop Grumman, U.S. Air Force advance Sentinel ICBM program toward 2027 test Northrop Grumman launches Cygnus XL cargo mission to space station
Saints just three points off second after 3-0 home win Ipswich slip to 2-0 defeat at battling Portsmouth Southampton have moved just three points off automatic promotion after a 3-0 victory over Blackburn, coupled with Ipswich’s 2-0 defeat at Portsmouth. The hosts extended their unbeaten run to 18 games in all competitions with a comprehensive victory at St Mary’s, secured by first-half goals from...
Saints just three points off second after 3-0 home win Ipswich slip to 2-0 defeat at battling Portsmouth Southampton have moved just three points off automatic promotion after a 3-0 victory over Blackburn, coupled with Ipswich’s 2-0 defeat at Portsmouth. The hosts extended their unbeaten run to 18 games in all competitions with a comprehensive victory at St Mary’s, secured by first-half goals from Cyle Larin and Ryan Manning and a late strike from Cameron Archer. Continue reading...