NASA and its partners are sifting through data after the Artemis II crew splashed down on Earth, including discoloration of the heat shield on the Lockheed Martin-built Orion Crew Capsule. Kirk Shireman, head of human space flight at Lockheed Martin, says the heat shield performed exceptionally and most of the more than 12 million parts did what they were supposed to. He joins Caroline Hyde and Ed...
NASA and its partners are sifting through data after the Artemis II crew splashed down on Earth, including discoloration of the heat shield on the Lockheed Martin-built Orion Crew Capsule. Kirk Shireman, head of human space flight at Lockheed Martin, says the heat shield performed exceptionally and most of the more than 12 million parts did what they were supposed to. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
'Door Is Not Closed': Mediators Still Press For Iran Deal After US Demanded 20-Year Halt To Nuclear Program There's currently some consensus among international reports that the weekend US-Iran peace talks in Pakistan fundamentally broke down over the nuclear issue . The question of Iran's enriched uranium has at times over the course of the war taken a front seat and at other times a back seat wh...
'Door Is Not Closed': Mediators Still Press For Iran Deal After US Demanded 20-Year Halt To Nuclear Program There's currently some consensus among international reports that the weekend US-Iran peace talks in Pakistan fundamentally broke down over the nuclear issue . The question of Iran's enriched uranium has at times over the course of the war taken a front seat and at other times a back seat when it comes to Washington's evolving justifications and war aims in launching Operation Epic Fury. On Monday a US official has been cited in Axios as saying Iran must halt its nuclear enrichment program for 20 years to end the war , scaling back from an earlier White House demand for a permanent end to enrichment. And that's when sources say the Iranians countered with a shorter "single digit" period . via Al Jazeera The unnamed sources explained that during talks in Islamabad the Iranian mediators countered with a proposal to halt enrichment for less than ten years . Multiple Middle Eastern countries are still working to mediate a resolution, as both Washington and Tehran moved away from maximalist positions on enrichment. Before the talks, Trump demanded a permanent halt, while Iran pushed for a deal allowing a civilian nuclear program without additional restrictions. Al Jazeera reports of where things stand in the following : Pakistan, which spent weeks positioning itself as a mediator and succeeded in bringing both sides into the same room, emerged with its role intact. But officials acknowledge the harder phase now begins — getting American and Iranian negotiators back into talks before their differences explode into full-fledged war again. “Pakistan has been and will continue to play its role to facilitate engagements and dialogue between the Islamic Republic of Iran and the United States of America in the days to come,” Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar said in a statement after the conclusion of the talks. And Axios in a separate follow...
Manchester United defender Lisandro Martinez is sent off after 56 minutes for pulling the hair of Leeds United striker Dominic Calvert-Lewin at Old Trafford.
Manchester United defender Lisandro Martinez is sent off after 56 minutes for pulling the hair of Leeds United striker Dominic Calvert-Lewin at Old Trafford.
FedEx Corp. ( FDX ) chief financial officer John Dietrich will step down on June 1, corresponding with the completion of the FedEx Freight (FDXF) spin-off to a separate publicly traded company. Claude Russ, vice president of finance, will serve as interim CFO until a permanent successor for Dietrich can be found. Dietrick will remain at the company until July 31. Additionally, FedEx ( FDX ) confir...
FedEx Corp. ( FDX ) chief financial officer John Dietrich will step down on June 1, corresponding with the completion of the FedEx Freight (FDXF) spin-off to a separate publicly traded company. Claude Russ, vice president of finance, will serve as interim CFO until a permanent successor for Dietrich can be found. Dietrick will remain at the company until July 31. Additionally, FedEx ( FDX ) confirmed its FY26 guidance for a profit of $19.30 to $20.10 per share on a 6% to 6.5% increase in revenue. For the freight segment, revenue is expected to reach $8.7B in 2026, with adjusted operating income of ~$1.1B and adjusted operating margin of ~12%. Looking further out to 2029, FedEx ( FDX ) is expected to achieve $8B in operating income and an operating margin of 8%, with an expectation to expand operating margins by 200 basis points compared to midpoint FY26. GAAP earnings are targeted at $25 per share, excluding FedEx Freight (FDXF). FedEx ( FDX ) shares closed modestly lower Monday and are unchanged in after-hours trading. More on FedEx FedEx Corporation (FDX) Analyst/Investor Day - Slideshow FedEx Corporation (FDX) Analyst/Investor Day Transcript FedEx: Premium Mix And Network Optimization Supporting High-Quality Growth FedEx reaches preliminary pay deal with pilots after prolonged talks Meet FedEx Freight: The LTL trucking player spinning off from FedEx
MicroStockHub/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist It has been a while since we've touched on the FT Confluence BDC & Specialty Finance Income ETF ( FBDC ); in fact, this was the First Trust Specialty Finance and Financial Opportunities Fund under the "FGB" ticker previously. At that time, they were looking to merge the fund into the abrdn Total Dynamic...
MicroStockHub/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist It has been a while since we've touched on the FT Confluence BDC & Specialty Finance Income ETF ( FBDC ); in fact, this was the First Trust Specialty Finance and Financial Opportunities Fund under the "FGB" ticker previously. At that time, they were looking to merge the fund into the abrdn Total Dynamic Dividend Fund ( AOD ). However, they were unsuccessful in getting the votes required for approval. Thus, they ended up reorganizing the fund from a closed-end fund structure to an ETF . Shortly after that time, they also conducted a 1-for-5 reverse split . Since that all took place, business development companies ("BDCs") had been under some significant pressure. That has seen FBDC head on a pretty sharp and steady decline. While FBDC has a flexible investing policy that can incorporate investments outside of BDCs, the fund is and has historically been almost all BDC-focused. On occasion, we'd sometimes see mREIT exposure and even Berkshire Hathaway ( BRK.B ), but it had often been 90%+ BDCs. The new ticker of "FBDC" for this fund makes me assume that they will be even more focused on BDCs. FBDC Basics Dividend Frequency: Monthly Dividend Yield: 12.22% SEC yield, 12.37% Distribution Yield Expense Ratio: 0.95% (total expense 13.69% with AFFE) Leverage: N/A Managed Assets: $33.332 million Structure: Active ETF FBDC's investment objective is "a high level of current income. As a secondary objective, the Fund seeks an attractive total return." In an effort to achieve that, the fund will "invest at least 80% of its net assets in a portfolio of securities of business development companies and other speciality finance companies that the Confluence Investment Management LLC, the Fund's investment sub-advisor, believes offer attractive opportunitfor income and capital appreciation." Performance Comparison FBDC is a fairly small fund, and that likely is why it tends to get overlooke...
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.06%. June E-mini S&P futures (ESM26 ) rose +0.98%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.06%. June E-mini S&P futures (ESM26 ) rose +0.98%, and June E-mini Nasdaq futures...
Northern Irishman praises ‘good blueprint’ from Nicklaus Scottie Scheffler ‘surprised’ by conditions on Friday Rory McIlroy has explained how weeks of preparation at “home course” Augusta National after advice from Jack Nicklaus played a substantial role in his successful Masters defence . Rather than play in PGA Tour events in the lead up to the Masters and despite a back injury causing him comp...
Northern Irishman praises ‘good blueprint’ from Nicklaus Scottie Scheffler ‘surprised’ by conditions on Friday Rory McIlroy has explained how weeks of preparation at “home course” Augusta National after advice from Jack Nicklaus played a substantial role in his successful Masters defence . Rather than play in PGA Tour events in the lead up to the Masters and despite a back injury causing him competitive disruption, McIlroy spent considerable time at Augusta in the lead-up to the Masters. On one occasion, it is understood he played the front nine in 29 when playing with a single ball. Continue reading...
May ICE NY cocoa (CCK26 ) on Monday closed up +32 (+0.99%), and May ICE London cocoa #7 (CAK26 ) closed up +28 (+1.16%). Cocoa prices recovered from early losses and settled higher on Monday, with NY cocoa posting a 1-week high. The dollar ($DXY ) gave up an early...
May ICE NY cocoa (CCK26 ) on Monday closed up +32 (+0.99%), and May ICE London cocoa #7 (CAK26 ) closed up +28 (+1.16%). Cocoa prices recovered from early losses and settled higher on Monday, with NY cocoa posting a 1-week high. The dollar ($DXY ) gave up an early...
(RTTNews) - Canadian stocks moved higher on Monday even as a U.S. blockade on Iranian ports triggered concerns of a protracted war in the gulf, forcing investors to hold back from risky moves while energy-driven inflationary pressures deflated expectations of a low-interest-rate
(RTTNews) - Canadian stocks moved higher on Monday even as a U.S. blockade on Iranian ports triggered concerns of a protracted war in the gulf, forcing investors to hold back from risky moves while energy-driven inflationary pressures deflated expectations of a low-interest-rate
The Polkadot (CRYPTO: DOT) cryptocurrency took a 10% dive over the weekend. This time, the crypto-bridging coin saw a security incident. An attacker exploited Hyperbridge, a protocol that moves tokens between Polkadot and Ethereum (CRYPTO: ETH) to generate 1 billion Polkadot tokens out of thin air. In theory, the hack could have been worth more than $1 billion. The hacker found a security weakness...
The Polkadot (CRYPTO: DOT) cryptocurrency took a 10% dive over the weekend. This time, the crypto-bridging coin saw a security incident. An attacker exploited Hyperbridge, a protocol that moves tokens between Polkadot and Ethereum (CRYPTO: ETH) to generate 1 billion Polkadot tokens out of thin air. In theory, the hack could have been worth more than $1 billion. The hacker found a security weakness in one of Hyperbridge's smart contracts, which skipped one security-checking step among many. As a result, one Hyperbridge transaction was duplicated many times over, letting the attacker generate 1 billion fake DOT tokens. The real damage was limited to $237,000, though. Hyperbridge only had access to 108 Ethereum's worth of liquidity in this specific Polkadot-to-Ethereum link, so that's all the attacker could convert to real-world dollars in the end. Limited liquidity can be an operating problem, but also a damage-limiting security safeguard. Continue reading
salarko/iStock Editorial via Getty Images Shares of Euronet Worldwide ( EEFT ) have been struggling recently, with investors fearing the soft positioning of the firm catching up with the business and its shares down the road. Share prices have been falling, and while organic growth is not convincing, earnings growth continues, and great earnings yields are seen here. Trading at just about 7 times ...
salarko/iStock Editorial via Getty Images Shares of Euronet Worldwide ( EEFT ) have been struggling recently, with investors fearing the soft positioning of the firm catching up with the business and its shares down the road. Share prices have been falling, and while organic growth is not convincing, earnings growth continues, and great earnings yields are seen here. Trading at just about 7 times realistic forward earnings, positioning concerns remain. At some point a combination of a great earnings yield, as well as stable revenues and still-growing earnings per share, makes the shares cheap enough, although the positioning concerns make it difficult to have conviction in size here. Other, higher conviction ideas, including recent M&A efforts, can be found at Value In Corporate Events . A Non-Inspiring Performance In February, Euronet reported a 6% increase in 2025 sales to $4.24 billion, albeit that revenues were up 4% on a constant currency basis. While reported revenue growth came in at 6% in the final quarter of the year, organic revenue growth slowed down to just a percent. GAAP operating profits rose by 5% to $530 million, yet in between higher taxes and some other items, net earnings rose by just a percent to $313 million. Thanks to a mid-single-digit decline in the share count, earnings did advance by nearly forty cents to $6.84 per share. Adjusted earnings rose by a dollar to $9.61 per share, and while some adjustments seem fair, that does not apply to a $55 million stock-based compensation expense, which after taxes works out to around a dollar per share. The slower pace of growth towards year-end is attributed to economic stress among low-income households, as well as immigration policy uncertainty. Despite these headwinds, the company sees adjusted earnings growth in the range between 10% and 15% in 2026. So far, part of this growth is supported by continued efforts to grow the business. The company started the year 2026 with an agreement to acquire Cre...