Shareholders at Palo Alto Networks Inc. have a recurring beef with the company over how much it pays the chief executive officer and other senior leaders. A majority of shareholders have opposed the cybersecurity firm’s compensation packages for top executives in “say-on-pay” votes seven times since 2015, when they first rejected one. The votes are non-binding, so companies aren’t required to act ...
Shareholders at Palo Alto Networks Inc. have a recurring beef with the company over how much it pays the chief executive officer and other senior leaders. A majority of shareholders have opposed the cybersecurity firm’s compensation packages for top executives in “say-on-pay” votes seven times since 2015, when they first rejected one. The votes are non-binding, so companies aren’t required to act on them. Still, it’s a tally that stands out among the world’s largest publicly traded companies. Palo Alto Networks has racked up more say-on-pay losses than any other company in the S&P 500 Index during that period and the third-most in the Russell 3000 Index, behind only two firms that are a fraction of its size, according to an analysis of proxy statements by Bloomberg, in addition to information from the executive compensation consulting firms Farient Advisors and Semler Brossy. That’s despite the company’s stock price surging over the past six years. The last vote came in December, when less than half of shareholders supported compensation packages for top executives, including one valued at nearly $100 million for CEO Nikesh Arora. At that rate, Arora, 58, stood to pull in more than JPMorgan Chase & Co.’s Jamie Dimon, Apple Inc.’s Tim Cook and Microsoft Corp.’s Satya Nadella, all of whom run companies at least three times larger than Palo Alto Networks by market value. (To be sure, less of their pay is tied to company performance than Arora’s.) While the vast majority of public companies enjoy overwhelming support from shareholders on compensation, votes like Palo Alto Networks’ underscore how government efforts to give investors more sway following the public outcry over the 2008 financial crisis has yielded mixed results. Several studies show say-on-pay votes have since encouraged boards to consider more performance-based pay. Research also suggests they’ve had a limited impact on what some consider excessive compensation and that shareholders tend to tolerate high...
(Bloomberg) -- Shareholders at Palo Alto Networks Inc. have a recurring beef with the company over how much it pays the chief executive officer and other senior leaders. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty ...
(Bloomberg) -- Shareholders at Palo Alto Networks Inc. have a recurring beef with the company over how much it pays the chief executive officer and other senior leaders. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedA ma
Victoria's Secret (VSCO) delivered earnings and revenue surprises of +108.70% and +2.08%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
Victoria's Secret (VSCO) delivered earnings and revenue surprises of +108.70% and +2.08%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
Residents watch as a wildfire moves down a hill at Runkle Canyon Park on May 19, 2026, in Simi Valley, California. Kayla Bartkowski | Los Angeles Times | Getty Images Homeowners insurance costs have risen sharply for many people around the U.S. in recent years. Policyholders looking to reduce their premiums have some relatively straightforward options, according to insurance experts. Other maneuve...
Residents watch as a wildfire moves down a hill at Runkle Canyon Park on May 19, 2026, in Simi Valley, California. Kayla Bartkowski | Los Angeles Times | Getty Images Homeowners insurance costs have risen sharply for many people around the U.S. in recent years. Policyholders looking to reduce their premiums have some relatively straightforward options, according to insurance experts. Other maneuvers require a financial investment that could ultimately save money in the long run, they said. Average insurance premiums jumped 24% between 2021 and 2024, to $3,303 per year, according to a report published last year by the Consumer Federation of America, a consumer advocacy group. This is roughly the pace of U.S. inflation over that period, according to consumer price index data. The U.S. Treasury Department, in an analysis published last year, found average policy premiums outpaced the rate of inflation by 8.7% from 2018 to 2022. Residents of some states pay much more than the average. For example, in Louisiana and Nebraska, average premiums exceed $500 per month , or more than $6,000 per year, according to a February report from Bankrate. Read more CNBC personal finance coverage Trump Accounts app launches — here's how to get started More workers are raiding their 401(k)s as average balances fall, Fidelity says Millions of people lose food stamp access as 'big beautiful bill' cuts take effect Roth IRA owners may need a second retirement account to claim the Saver's Match CNBC's Financial Advisor 100: Best financial advisors, top firms ranked Premiums have increased sharply due to a host of factors, experts said, including inflation associated with repairing and rebuilding homes; climate change, which has increased the frequency and severity of storms and wildfires; reinsurance rates; and migration of homeowners to riskier areas. Here are some ways homeowners can try to lower their premiums or keep them from rising as quickly, according to insurance experts. 1. Fortify y...
APA's GranMorgu project in Suriname targets first oil by mid-2028, with 750M+ recoverable barrels and 220,000 bpd capacity; carry reduces near-term spend.
APA's GranMorgu project in Suriname targets first oil by mid-2028, with 750M+ recoverable barrels and 220,000 bpd capacity; carry reduces near-term spend.
Marvell Soars After Nvidia CEO Says Chipmaker Is Headed For Trillion-Dollar Club Computex 2026 in Taipei is underway for the second day. Let's begin with Monday's wrap-up of the event: Nvidia CEO Declares AI PC Reinvention A "New Beginning" On Par With Smartphone Shift AI, Chips, Humanoid Robots: Top Takeaways From Computex 2025 There was no shortage of fireworks on day two, as Nvidia CEO Jensen H...
Marvell Soars After Nvidia CEO Says Chipmaker Is Headed For Trillion-Dollar Club Computex 2026 in Taipei is underway for the second day. Let's begin with Monday's wrap-up of the event: Nvidia CEO Declares AI PC Reinvention A "New Beginning" On Par With Smartphone Shift AI, Chips, Humanoid Robots: Top Takeaways From Computex 2025 There was no shortage of fireworks on day two, as Nvidia CEO Jensen Huang took the stage and greeted Marvell Technology CEO Matt Murphy, stating that the fabless semiconductor company that designs chips will be "the next trillion-dollar company ." $NVDA CEO Jensen Huang says $MRVL could 5x and become “the next trillion-dollar company.” Marvell is one of the few companies with exposure to both custom AI silicon and networking fabric connecting modern AI data centers. https://t.co/5rDcHLa0eJ pic.twitter.com/12C7IYTDWQ — Shay Boloor (@StockSavvyShay) June 2, 2026 Pumpmaxxing... » Be Nvidia » Invest $2 billion in Marvell » Introduce them as “the next trillion dollar company” » Stock goes up 40% overnight on remarks Wild times! https://t.co/h9QXmOE0l3 — Brandon Carl (@brandonjcarl) June 2, 2026 Huang's comments catapulted Marvell shares, sending the stock up 26% in premarket trading and extending what was already a stunning 158% year-to-date rally as of Monday's close. A move to a $1 trillion market cap would imply more than a fivefold increase from the semiconductor and networking company's current valuation. Huang noted that Marvell's valuation will soar now that the age of "useful AI has arrived." The stock has 44 "Buy" ratings, 6 "Holds", and zero sells. What could possibly go wrong? For context, Marvell's business is data infrastructure silicon , meaning the chips and networking tech that help data move, store, process, and connect inside cloud and AI data centers. Nvidia sells GPUs, but giant AI data center clusters also need ultra-fast networking and interconnects so all those GPUs and servers can function as a single system. Marvell is on...
A Polymarket advertisement in a subway station in New York, US, on Thursday, Feb. 5, 2026. Michael Nagle | Bloomberg | Getty Images Prediction market platform Polymarket has completed its first block trade on an artificial intelligence compute infrastructure-related contract, the company shared exclusively with CNBC. The six-figure transaction was between FalconX, a digital asset brokerage, and An...
A Polymarket advertisement in a subway station in New York, US, on Thursday, Feb. 5, 2026. Michael Nagle | Bloomberg | Getty Images Prediction market platform Polymarket has completed its first block trade on an artificial intelligence compute infrastructure-related contract, the company shared exclusively with CNBC. The six-figure transaction was between FalconX, a digital asset brokerage, and Anera Labs, a trading technology startup. FalconX and Anera Labs traded on a contract related to the Ornn Compute Price Index, a benchmark that tracks Nvidia's H100 GPU chip rental pricing. "Prediction markets are emerging as one of the most powerful venues for institutional block trades, and this transaction is proof," said Brooke Rizzetto, head of institutional liquidity at Polymarket, in a statement. "Seeing an institutional counterparty use Polymarket to hedge real GPU compute exposure at scale is exactly the future we have been building toward." The announcement comes just over a month after Kalshi, Polymarket's chief rival, completed the first block trade on any prediction market platform. However, Polymarket in a statement noted that this was the first institutional prediction market trade on-chain, as the company's international platform operates on the Polygon blockchain. Shayne Coplan, chief executive officer of Polymarket, on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Nov. 13, 2025. Michael Nagle | Bloomberg | Getty Images Polymarket's international exchange is separate from its U.S. platform, which launched in December after it was prohibited from operating in the country in 2022 for not properly registering with regulators . The Commodity Futures Trading Commission — the federal regulator for prediction markets — and the Department of Justice in July dropped their investigations into the company without charges. The CFTC regulates Polymarket's U.S. platform. While individual traders have led to prediction market volumes surging ...
US stocks declined before the bell on Tuesday as traders parsed the latest developments in the Middle East. Futures for the S&P 500 Index declined 0.2% at 8:14 a.m. in New York, pausing an eight-session rally — its longest streak of gains in more than a year. Meanwhile, contracts for the technology-heavy Nasdaq 100 Index slipped 0.1% . Brent crude fell 1.5% to $ 93.60 a barrel. “We appear to be mo...
US stocks declined before the bell on Tuesday as traders parsed the latest developments in the Middle East. Futures for the S&P 500 Index declined 0.2% at 8:14 a.m. in New York, pausing an eight-session rally — its longest streak of gains in more than a year. Meanwhile, contracts for the technology-heavy Nasdaq 100 Index slipped 0.1% . Brent crude fell 1.5% to $ 93.60 a barrel. “We appear to be moving towards a memorandum of understanding,” said Rupert Thompson, chief economist at IBOSS. “However, it still feels like two or three steps forward and one step back,” he added, referring to the skirmishes between the US and Iran as well as fighting in Lebanon. President Donald Trump remained optimistic on the US being able to reach an interim peace deal with Iran soon, even after Tehran had threatened to suspend talks because of Israel’s escalating attacks in Lebanon. Speaking to ABC News on Monday, Trump said a memorandum of understanding with Iran to reopen the Strait of Hormuz could be reached “over the next week.” Separately, he said discussions with the Islamic Republic were continuing “at a rapid pace.” Developments on Monday highlighted how fragile things are in the Middle East. An intervention from Trump led to Israel and Hezbollah agreeing to stop fighting. “Attention will now shift to the new round of talks between Israel and Lebanon,” CIC economists including Benoit Rodriguez and Anne-Lise Cornen wrote in a note published on Tuesday. “Beyond the discussions between Lebanon and Israel, negotiations between Washington and Tehran have still not been successful. With each passing day, uncertainty persists and oil prices remain high, exacerbating the economic consequences.” AI Keeps Winning Meanwhile, the rally in artificial-intelligence beneficiaries continued, with Hewlett Packard Enterprise Co. surging 28% in premarket trading after reporting results. The company’s outlook for annual sales topped estimates, for which it cited massive growth in AI-fueled demand f...
There are moments in investing where you look at what is happening in the world around you, and a simple company just clicks into place as the obvious beneficiary. For me, in 2026, that company is Sandisk Corporation (NASDAQ:SNDK), and the thesis comes down to something I genuinely believe: the AI data center buildout is ... Why Sandisk Corporation Is My Favorite Stock Idea Right Now
There are moments in investing where you look at what is happening in the world around you, and a simple company just clicks into place as the obvious beneficiary. For me, in 2026, that company is Sandisk Corporation (NASDAQ:SNDK), and the thesis comes down to something I genuinely believe: the AI data center buildout is ... Why Sandisk Corporation Is My Favorite Stock Idea Right Now
Daan Struyven, co-head of global commodities research at Goldman Sachs, says the global economy and oil markets may go through an “empirical discovery process” if diesel inventories reach critical levels as he discusses price risks and weakening demand from the closure of the Strait of Hormuz. (Source: Bloomberg)
Daan Struyven, co-head of global commodities research at Goldman Sachs, says the global economy and oil markets may go through an “empirical discovery process” if diesel inventories reach critical levels as he discusses price risks and weakening demand from the closure of the Strait of Hormuz. (Source: Bloomberg)
The fact that quantum computing firm Quantinuum ( QNT ) increased the size of its initial public offering is a sign that the sector is “broadening out,” Wedbush Securities said. “While we would note that the aforementioned valuation represents a meaningful step-up from the company's previous ~$10B private valuation set last year (Sept 2025), or a roughly 43% increase in valuation, we would note th...
The fact that quantum computing firm Quantinuum ( QNT ) increased the size of its initial public offering is a sign that the sector is “broadening out,” Wedbush Securities said. “While we would note that the aforementioned valuation represents a meaningful step-up from the company's previous ~$10B private valuation set last year (Sept 2025), or a roughly 43% increase in valuation, we would note that publicly traded peers like IONQ, RGTI, and QBTS are up between 70% and 100% over that same time frame, suggesting either that 1) Quantinuum is not perceived as having progressed at the same rate, or that 2) Quantinuum is being undervalued,” Wedbush Securities analyst Antoine Legault wrote in a note to clients. “We would lean towards the latter, given that quantum computing stocks have tended to move in tandem with high cross-correlations across the group, suggesting that Quantinuum could see further appreciation even post the repricing of the offering.” Additionally, Legault said the fact that more quantum computing companies are going public is a sign that investors are taking the sector seriously. Quantinuum's closest public competitor is IonQ ( IONQ ), he explained. “A successful Quantinuum debut would, in our view, validate the category rather than simply the single name,” Legault added. “We expect Quantinuum's valuation and early share-price action to set the tone in the first day or two of trading and to ripple across listed peers, particularly in light of the strong cross correlation of quantum asset prices.” Quantinuum, which is majority owned by Honeywell ( HON ), said it now expects to raise $1.46B from its offering, up from a previous $1.05B. It will sell 26.5M shares at a price range of $53 to $55, compared to a previous view that it would sell 21.05M shares priced between $45 and $50 per share. More on Quantinuum and Honeywell International Quantinuum: Is This IPO Poised To Make A Quantum Leap? Wall Street Brunch: Shrodinger's IPO Honeywell International Inc...
Anna Moneymaker/Getty Images News The ceasefire is good for tech only? Here is the performance of the S&P500 ( SPY ) over the last three months, since the war in Iran started: The S&P500 is up by 10% since Feb 27th, The tech sector ( XLK ) is up by over 37%. The second highest return comes from Discretionary ( XLY ) by only 3%, but consider that Amazon ( AMZN ) is 27% of XLY, and it's up by 28%, a...
Anna Moneymaker/Getty Images News The ceasefire is good for tech only? Here is the performance of the S&P500 ( SPY ) over the last three months, since the war in Iran started: The S&P500 is up by 10% since Feb 27th, The tech sector ( XLK ) is up by over 37%. The second highest return comes from Discretionary ( XLY ) by only 3%, but consider that Amazon ( AMZN ) is 27% of XLY, and it's up by 28%, and Tesla ( TSLA ) is 20% of XLY, and is up by 8% - both of these are really tech companies, and members of the Mag 7. So, what's the question here? Is the Iran war cease fire exclusively good for the tech sector, especially the semiconductors ( SMH )? No, in my view, the market assumed that the war was over, and most importantly, we will be able to avoid the inflationary shock, and subsequently a demand-destructive recession. Thus, this was the green light to speculate - and reinflate the bubble. But, this is not a bubble like in 2000. The 2000 bubble was about expectations and PE multiple expansion. The 2026 bubble is much worst - it's about backward-looking earnings, and expectations that these earnings will continue indefinitely. Specifically, the hyper-scalers invested $770B in AI capex - and obviously, these earnings are showing up in the primary beneficiaries of the capex, primarily in the semiconductor companies, like Micron ( MU ). And yet, the Shiller PE multiple in 2000 and 2026 are nearly equal, at above 40. So, the 2026 bubble is at par with the 2000 bubble. However, the earnings for the tech are not sustainable - the AI capex growth is likely to slow, and eventually decrease. When will this happen? In my view, I track the $770B AI capex to Trump's meeting with tech executives at the beginning of his second term - President Trump was sitting next to Zuckerberg, and he ask him how much Meta planned to spend on AI capex and Zuckerberg replied “Sorry, I wasn’t ready … I wasn’t sure what number you wanted to go with.” In my view, the 770B AI capex is Trump's stimulu...
We would like to hear from graduates and current students aged 18 or over about their views on studying for a degree According to the latest British Social Attitudes (BSA) survey, the proportion of people who believe a university degree is not worth the time and money has jumped from 14% in 2005 to 34% in 2025 . The survey found that younger graduates, with experience of the fee system, are more d...
We would like to hear from graduates and current students aged 18 or over about their views on studying for a degree According to the latest British Social Attitudes (BSA) survey, the proportion of people who believe a university degree is not worth the time and money has jumped from 14% in 2005 to 34% in 2025 . The survey found that younger graduates, with experience of the fee system, are more disillusioned than those who did not pay fees. Continue reading...