Meta’s ability to surpass Google in digital ad revenue highlights the strength of its ecosystem built around its core social media platforms, including Facebook and Instagram.
Meta’s ability to surpass Google in digital ad revenue highlights the strength of its ecosystem built around its core social media platforms, including Facebook and Instagram.
Last week, Anthropic announced it was restricting the initial release of its Mythos Preview model to "a limited group of critical industry partners," giving them time to prepare for a model that it said is "strikingly capable at computer security tasks." Now, the UK government's AI Security Institute (AISI) has published an initial evaluation of the model's cyber-attack capabilities that adds some...
Last week, Anthropic announced it was restricting the initial release of its Mythos Preview model to "a limited group of critical industry partners," giving them time to prepare for a model that it said is "strikingly capable at computer security tasks." Now, the UK government's AI Security Institute (AISI) has published an initial evaluation of the model's cyber-attack capabilities that adds some independent public verification to those Anthropic reports. AISI's findings show that Mythos isn't significantly different from other recent frontier models when it comes to tests of individual cyber-security related tasks. But Mythos could set itself apart from previous models through its ability to effectively chain these tasks together into the multi-step series of attacks necessary to fully infiltrate some systems. "The Last Ones" finally falls AISI has been putting various AI models through specially designed Capture the Flag challenges since early 2023, when GPT-3.5 Turbo struggled to complete any of the group's relatively low-level "Apprentice" tasks. Since then, performance of subsequent models has risen steadily, to the point where Mythos Preview can complete north of 85 percent of those same Apprentice-level CTF tasks. Read full article Comments
Cotton futures are trading with contracts 9 to 60 points in the front months. The US dollar index was $0.273 lower at $97.890. Crude oil is down $6.53 so far on the day, as reports suggest the US and Iran could hold talks as early as this week, though nothing...
Cotton futures are trading with contracts 9 to 60 points in the front months. The US dollar index was $0.273 lower at $97.890. Crude oil is down $6.53 so far on the day, as reports suggest the US and Iran could hold talks as early as this week, though nothing...
The wheat complex is showing gains across most contract son Tuesday, with the three exchanges higher. Chicago SRW futures are 5 to 6 on the day. KC HRW futures are 16 to 17 cents in the green on the day. MPLS spring wheat are up 10 to 11 cents on...
The wheat complex is showing gains across most contract son Tuesday, with the three exchanges higher. Chicago SRW futures are 5 to 6 on the day. KC HRW futures are 16 to 17 cents in the green on the day. MPLS spring wheat are up 10 to 11 cents on...
Lean hog futures are showing 40 to 60 cent losses at midday, as April is steady ahead of the Wednesday expiration. USDA’s national base hog price was reported at $90.26 on Tuesday morning, up $1.03 from the day prior. The CME Lean Hog Index was back down a penny on...
Lean hog futures are showing 40 to 60 cent losses at midday, as April is steady ahead of the Wednesday expiration. USDA’s national base hog price was reported at $90.26 on Tuesday morning, up $1.03 from the day prior. The CME Lean Hog Index was back down a penny on...
Corn futures are trading with contracts fractionally to 3 cents in the green so far on Tuesday’s midday. The CmdtyView national averageCash Corn price is up 2 3/4 cent at $4.05 3/4. USDA reported private export sales of 316,000 MT to Mexico (65,000 for 2025/26, 139,000 MT for 2026/27, and...
Corn futures are trading with contracts fractionally to 3 cents in the green so far on Tuesday’s midday. The CmdtyView national averageCash Corn price is up 2 3/4 cent at $4.05 3/4. USDA reported private export sales of 316,000 MT to Mexico (65,000 for 2025/26, 139,000 MT for 2026/27, and...
NiseriN/iStock via Getty Images In December 2025, I reiterated my "S trong Buy" rating for CoreWeave, Inc. ( CRWV ), calling the share price decline overdone as the market reacted to a slip in quarterly sales, while essentially the indication was that sales slipped from one quarter into the next. Since then, the stock price has risen more than 30%, outperforming the S&P 500, which remained flat. H...
NiseriN/iStock via Getty Images In December 2025, I reiterated my "S trong Buy" rating for CoreWeave, Inc. ( CRWV ), calling the share price decline overdone as the market reacted to a slip in quarterly sales, while essentially the indication was that sales slipped from one quarter into the next. Since then, the stock price has risen more than 30%, outperforming the S&P 500, which remained flat. However, it should be noted that the stock is still down about 12% since I initiated coverage . So, from my first "S trong Buy" rating until now, the stock has a lot to recover while the market is seemingly getting riskier. GDP And Inflation Will Be A Watch Item On CoreWeave Buildout The big opportunity is, of course, the growing capacity that is being deployed. With revenues of around $12.5 billion expected at the midpoint for 2026 with 1.7 GW capacity deployed, that would signal close to $10 billion in revenues per GW, keeping in mind a gradual increase in deployment throughout the year by simply averaging the targeted year-end capacity and the capacity at the end of 2025. AI demand is still growing, so the opportunity is evident. However, there also are risks. The war in Iran is eroding GDP growth outlooks, and that may also reset AI CapEx down the chain. I do not expect the hyperscalers to throttle back on AI spending, but down the chain in small businesses, I do expect businesses to rethink their AI strategies. That is not expected to be a material fallout, but I view AI as a GDP multiplier in a procyclical way. So, when economies are growing, the AI investment and return on that investment are higher. When GDP declines, the gains the AI investments may bring are smaller, and companies rethink capital allocation. Now, there is some in padding in the sense that companies that are already using AI are not going to drastically change their AI deployment, but it is important to keep in mind that GDP growth will be a watch item, as I believe AI’s strength lies in opportuniti...
Hi, it’s Michelle F. Davis in New York, looking at the rationale behind a multibillion-dollar satellite play by Amazon. Also today, an audacious proposition from the CEO of United Airlines. Today’s top stories Amazon to buy satellite company Globalstar for $11.6 billion . United CEO pitched Trump on possible tie-up with American. Nemetschek to buy Thoma Bravo’s HCSS in €2 billion-plus deal. Carlyl...
Hi, it’s Michelle F. Davis in New York, looking at the rationale behind a multibillion-dollar satellite play by Amazon. Also today, an audacious proposition from the CEO of United Airlines. Today’s top stories Amazon to buy satellite company Globalstar for $11.6 billion . United CEO pitched Trump on possible tie-up with American. Nemetschek to buy Thoma Bravo’s HCSS in €2 billion-plus deal. Carlyle draws $1.5 billion for asset-backed fund in first round. CATL considers up to $5 billion share sale in Hong Kong. Star power Amazon today announced that it’s buying satellite operator Globalstar for more than $11.5 billion—its biggest deal since it acquired Whole Foods almost a decade ago. The takeover adds a new wrinkle to Amazon’s nascent satellite business, providing the ability to beam cell service to folks from satellites in low-Earth orbit. Amazon says that, thanks to this deal, it will be able to provide this “direct-to-device” service by 2028. Once up and running, people, businesses and governments will be able to talk, text and use data via Amazon’s satellites rather than cell phone towers. That will help Amazon better compete against the likes of SpaceX’s Starlink and AST SpaceMobile. Big Tech players have been in an arms race to dominate the satellite market but buying Globalstar is really all about access to spectrum, essentially invisible real estate that carries wireless signals and is valuable in part due to its scarcity. Globalstar got early access to a special type of spectrum, called Mobile Satellite Services, after being founded by Qualcomm and Loral Corp. in 1991 and the company has for years been seen as a key asset for anyone hoping to gain scale in providing satellite cell service. We reported in October that it had attracted interest from Elon Musk’s SpaceX. Amazon, whose satellite program Leo isn’t fully live yet, is buying Globalstar for a mix of cash and stock in a deal that values the company at nearly double where it was trading before our Oct...
Pgiam/iStock Unreleased via Getty Images Investment Thesis The reason for my interest in PIMCO funds is that, to date, four of their instruments have been recommended by me for purchase. They are PIMCO Corporate & Income Opportunity Fund ( PTY ), PIMCO Dynamic Income Fund ( PDI ), PIMCO Dynamic Income Opportunities Fund ( PDO ), and PIMCO Dynamic Income Strategy Fund ( PDX ). Given that 2026 has p...
Pgiam/iStock Unreleased via Getty Images Investment Thesis The reason for my interest in PIMCO funds is that, to date, four of their instruments have been recommended by me for purchase. They are PIMCO Corporate & Income Opportunity Fund ( PTY ), PIMCO Dynamic Income Fund ( PDI ), PIMCO Dynamic Income Opportunities Fund ( PDO ), and PIMCO Dynamic Income Strategy Fund ( PDX ). Given that 2026 has proven to be a challenging period as a result of geopolitical and macroeconomic risks, a rebalancing of the portfolio is necessary. In this regard, my main investment strategy should be to lower the proportion of risky assets in favor of increasing the proportion of instruments that are better adapted to current market conditions. Looking at the interim results since the start of the year, such assets as PDI and PDX have shown positive returns, but PTY and PDO have posted negative returns. That said, back in March I recommended rebalancing the PDI position to free up capital for buying PDX, and I think this will have a positive impact on investments in PIMCO funds. This combination of PDI and PDX is a bet on increasing the stability of dividend income with less risk to NAV, with the added benefit of sector diversification. A further argument in favor of this investment strategy is the reduction of risk associated with PDI's premium, with PDX trading at a significant discount to P/NAV. Price Return, YTD Coming back to PTY and PDO , both of which have lower results, after comparing them earlier, I gave them a "Buy" rating. But when choosing a favorite, it was PDO that I favored because it has a higher historical return and better adapts to the rate-cutting cycle. Now, though, it's clear that the reality surrounding the Fed's monetary policy has changed dramatically. That's especially true when the latest inflation data for March 2026 show a rise from 2.4% to 3.3%. I would therefore like to revisit the total return profile and use a 3-year period as an example, with PTY being t...
Anastasiia Yanishevska/iStock via Getty Images With investors concerned about risk tied to private credit, some banks are disclosing their exposures to loans made to non-bank financial institutions in their Q1 earnings materials. Citigroup ( C ) said its corporate private credit warehouse financing comprises $22B of loans, with 98% at investment grade. The bank said that portfolio has zero losses ...
Anastasiia Yanishevska/iStock via Getty Images With investors concerned about risk tied to private credit, some banks are disclosing their exposures to loans made to non-bank financial institutions in their Q1 earnings materials. Citigroup ( C ) said its corporate private credit warehouse financing comprises $22B of loans, with 98% at investment grade. The bank said that portfolio has zero losses over its life. To provide a sense of scale, Citi had $762B of loans on its balance sheet as of March 31, 2026. Citi also pointed out that such loans are to tier 1 asset managers, and loans were made to upper middle market companies (average EBITDA over $150M). In addition, less than 1% of loans are to business development companies (BDCs), which have been particularly hard hit by worries over private credit. Wells Fargo ( WFC ) corporate debt finance to financials, excluding bank loans, stands at $36.2B of loans at March 31, 2026. About 23% of its exposure is to BDCs as the equity counterparty. By comparison, the bank had total loans of $996B at the end of the quarter. By sector, Wells Fargo's ( WFC ) private credit exposure is biggest in business services at 19% of exposure based on collateral, followed by software at 17% and healthcare at 15%. "Other," at 18% of collateral, is made up of 12 industries with exposures of less than 3% each. During Goldman Sachs's ( GS ) earnings call on Monday , Chairman and CEO David Solomon attributed most of the exits in private credit to retail investors. "When you look at our broad platform, it's over 80% institutional partners — very, very broad, very, very diverse," he said. " Overall, we feel good about the long-term opportunity in private credit and our ability to deliver attractive risk-adjusted returns for clients," he said. Definitions are key in discussing the sector, Solomon said. In the broadest sense, private credit represents ~$3.5T of assets. "But the thing that's been getting a lot of focus is direct lending, and direct le...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets are powering higher for the second session in a row. The S & P 500 is extending this week's gains to more than 2%. The tech-heavy Nasdaq 100 is on an even better run. The index — home to the largest 100 non-financial com...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets are powering higher for the second session in a row. The S & P 500 is extending this week's gains to more than 2%. The tech-heavy Nasdaq 100 is on an even better run. The index — home to the largest 100 non-financial companies on the Nasdaq exchange — is riding a 10-session winning streak that has lifted it roughly 12%. The Nasdaq 100 hasn't posted this many consecutive gains since 2021, which gives us some pause that a short-term pullback may be due. When we factor in the magnitude of the move, the length of the win streak and the S & P Oscillator's plus 7% overbought reading, we're looking for areas to trim at rather than put new money into work. That's why we made a small Boeing sale this afternoon. U.S. oil prices fell about 7% during the session, as media outlets including CNBC reported that Washington and Tehran are in discussions on a second round of peace talks. WTI crude is now trading just below $92 per barrel, marking its lowest level since the two sides agreed to a two-week ceasefire on April 7 . Unsurprisingly, the energy sector was the worst performing sector in the day, and the State Street Energy Select ETF (XLE) has now erased all its Iran war gains. The decline in oil coincides with a slide in interest rates. The yield on the benchmark 10-year Treasury note has retreated to 4.26%. After initially spiking when the Iran war began Feb. 28, the 10-year yield topped out on March 27 at almost 4.5%, one session before the S & P 500 bottomed. In his Sunday column and again Monday night on "Mad Money," Jim Cramer highlighted the importance of lower rates to the market rally. It's a big "Magnificent Seven" day in the portfolio. Amazon and Meta Platforms are each up more than 4%, followed by a 3% gain in Alphabet , and 2% moves in Microsoft and Nvidia . Apple is the lone red name in...