Anthony Gordon has signed for Barcelona from Newcastle in a five-year deal believed to be worth £69.3m. Both clubs announced the move on Friday night, with the Spanish giants saying in a statement that the 25-year-old winger will sign for “the next five seasons, until June 30, 2031”. “FC Barcelona and Newcastle United have reached an agreement for Anthony Gordon to become a blaugrana for the next ...
Anthony Gordon has signed for Barcelona from Newcastle in a five-year deal believed to be worth £69.3m. Both clubs announced the move on Friday night, with the Spanish giants saying in a statement that the 25-year-old winger will sign for “the next five seasons, until June 30, 2031”. “FC Barcelona and Newcastle United have reached an agreement for Anthony Gordon to become a blaugrana for the next five seasons,” Barcelona added. “Newcastle United can confirm that Anthony Gordon has signed for La Liga champions Barcelona for a significant undisclosed fee,” the Premier League club said. He had swapped Everton for the north-east of England in a £40m January 2023 move. Gordon told Newcastle’s official website: “I owe this club a lot because, when I arrived, I was quite lost both in life and and in football. The club has given me a sense of belonging and a sense of identity. It’s allowed me to do what I always thought I could do. It’s put me on the biggest stage and allowed me to perform for the shirt. “Since coming to the club, I feel I’ve improved a lot on the pitch but this club has played a big part in the person I’ve become over the last three-and-a-half years. “It was really important for me to leave this place in a good way because I’ve loved every single minute of being a part of Newcastle United. This is an incredible club and one that I’ll never forget. I’ll be a fan for the rest of my life.” Newcastle’s head coach Eddie Howe said the club are “disappointed to lose Anthony” but that “we understand that this is a big opportunity for him”. “He has been a big part of our success in recent years … He leaves with our best wishes, and I am confident that he will go onto be a success, both with Barcelona and the national team at this year’s World Cup.” Following the announcement, Gordon participated in an unveiling event in Spain. Despite the announcements, the transfer window does not open until 15 June, when formalities relating to the transfer are expected to be pro...
Dilok Klaisataporn/iStock via Getty Images By Carsten Brzeski , Global Head of Macro Headline inflation came down in May as the government's measures to tackle higher energy prices started to take effect You have heard it before: there is very little central banks can do to bring down energy prices. This is an argument often used to justify a muted monetary policy response to energy price shocks. ...
Dilok Klaisataporn/iStock via Getty Images By Carsten Brzeski , Global Head of Macro Headline inflation came down in May as the government's measures to tackle higher energy prices started to take effect You have heard it before: there is very little central banks can do to bring down energy prices. This is an argument often used to justify a muted monetary policy response to energy price shocks. But while central banks cannot lower energy prices, governments can – at least temporarily. This is the main message coming from the just-released German inflation data. Despite the ongoing war in the Middle East, German headline inflation dropped in May to 2.6% year-on-year, from 2.9% YoY in April. The European inflation measure, more relevant for the European Central Bank, came in at 2.7% YoY, from 2.9% YoY in April. On the month, prices actually dropped by 0.2%; the first monthly drop since January. Both core inflation and services inflation increased in May and are now back at levels seen before the war in the Middle East started. Looking at the available components, it was not only energy prices that actually dropped compared to April, but also food prices and prices for transportation, clothing and household goods. The drop in energy prices was obviously the most notable move but can be explained by the government's so-called tax rebate, lowering fuel and diesel taxes by some 17 cents per litre in May and June. This also means that today’s inflation numbers should not be read as a sign that the inflation wave is already over before it actually started but rather as a confirmation that this is a relatively mild inflation wave. Looking ahead, we still expect knock-on effects from higher energy prices on transportation costs, food prices and other industrial products over the coming months. In fact, not everyone will benefit from tax rebates. Needless to say, the longer the war in the Middle East and the blockade of the Strait of Hormuz last, the higher the likelihood th...
Monty Rakusen/DigitalVision via Getty Images Cerebras Systems ( CBRS ) hit the market with a splash, with shares surging nearly 70% by the time markets closed on the day of its initial public offering on May 14. It marked the biggest listing of the year. Shares were trading at $385 just moments after going live. However, they've since taken a tumble and are down roughly 25% from their opening day ...
Monty Rakusen/DigitalVision via Getty Images Cerebras Systems ( CBRS ) hit the market with a splash, with shares surging nearly 70% by the time markets closed on the day of its initial public offering on May 14. It marked the biggest listing of the year. Shares were trading at $385 just moments after going live. However, they've since taken a tumble and are down roughly 25% from their opening day close of $311. Still, the stock remains above its IPO price of $185. The impressive start allowed Cerebras to receive a fast-track authorization for inclusion on the S&P Dow Jones Indices. The company's flagship technology includes the Wafer-Scale Engine 3, or WSE-3, which it contends is the fastest commercialized AI processor in the world. The company said it is 58 times larger than the leading GPU chip and uses a fraction of the power per unit of compute while delivering inference up to 15 times faster than leading GPU-based solutions offered by competitor Nvidia ( NVDA ). Last month, Cerebras secured a $20B deal with OpenAI (OPENAI ) to provide servers powered by its AI chips over the next three years. And in March, it announced a collaboration with Amazon (AMZN ) to deploy a new AI data center solution designed to increase inference speed. It has a backlog of $24.6B. The vast majority of that is tied to OpenAI. Cerebras expects to recognize 15% of that amount within the next two years. "Based on the partnership with OpenAI/AWS and our analysis on TAM, we expect its revenue to be at the $1.2B, $3.2B, and $5.5B levels in 2026, 2027E, and 2028E, suggesting 10x 2028E P/S at current level," said GF Securities analyst Jeff Pu. "That said, the valuation doesn't seem particularly cheap, while the upside risks would be the breakthrough in scaling." More on Cerebras Systems Inc. Cerebras: Fast Tokens Are A Real Moat Cerebras: Why I'm Selling The Biggest AI IPO Of The Year Cerebras: Why Speed May Beat Intelligence In The Next AI Boom GF sees on-chip memory a niche AI inference tre...
The world’s chip giants will descend on Taiwan for the annual Computex Taipei conference next week. The gathering, which runs from June 2 through June 5, will likely feature a number of product announcements and industry updates from the likes of AMD (AMD), Intel (INTC), Nvidia (NVDA), and Qualcomm (QCOM). Nvidia will kick things off with its own GTC Taipei beginning June 1 with a keynote from CEO...
The world’s chip giants will descend on Taiwan for the annual Computex Taipei conference next week. The gathering, which runs from June 2 through June 5, will likely feature a number of product announcements and industry updates from the likes of AMD (AMD), Intel (INTC), Nvidia (NVDA), and Qualcomm (QCOM). Nvidia will kick things off with its own GTC Taipei beginning June 1 with a keynote from CEO Jensen Huang. The executive has been in Taiwan for the past several days, meeting with corporate partners and hosting an event for Nvidia’s future headquarters in the country called Nvidia Constellation, which will be home to some 4,000 workers. In a statement, Huang noted that the company has dramatically increased spending in the island nation, saying Nvidia will spend upwards of $150 billion a year in Taiwan, up from $10 billion to $15 billion just four years ago, Reuters reported. Huang is expected to tout Nvidia’s continued strength thanks to the global AI build-out, while highlighting its next-generation Vera Rubin AI platform. According to a company blog post, Huang also teased a secret upcoming product during a dinner with Quanta Computer executives on Wednesday. It’s unclear if he will reveal the product at GTC or sometime later this year. “Vera Rubin bringing that to full production, getting all of our supply chain ramped on that and ready to kind of deploy it at scale is really where a lot of the core focus will be,” explained Dion Harris, senior director of HPC and AI hyperscale infrastructure solutions at Nvidia. “Of course … Nvidia is a platform company, and so we’ll talk about a lot of our other platforms as well, in addition to data center, that will be used to help drive that agentic inflection point,” he added. Nvidia rival AMD will also likely have updates about its various data center offerings, including its upcoming Helios server rack, which will compete directly with Nvidia’s own NVL72 server rack. Ahead of Computex, AMD announced it is investing mor...
Dominique Toublan, head of US credit strategy Barclays, and Natalie Trevithick, managing director and head of investment grade corporates at Payden & Rygel, join Katie Greifeld on "Bloomberg Real Yield ." (Source: Bloomberg)
Dominique Toublan, head of US credit strategy Barclays, and Natalie Trevithick, managing director and head of investment grade corporates at Payden & Rygel, join Katie Greifeld on "Bloomberg Real Yield ." (Source: Bloomberg)
Torsten Asmus/iStock via Getty Images Shares of Miami International Holdings ( MIAX ) have been an impressive performer since their IPO last summer, jumping more than 50%. The company has been perfectly positioned to benefit from the secular rise in options trading, and as it has gained scale, margins have improved meaningfully. That said, shares have pulled back about 15% from their highs in rece...
Torsten Asmus/iStock via Getty Images Shares of Miami International Holdings ( MIAX ) have been an impressive performer since their IPO last summer, jumping more than 50%. The company has been perfectly positioned to benefit from the secular rise in options trading, and as it has gained scale, margins have improved meaningfully. That said, shares have pulled back about 15% from their highs in recent weeks, suggesting valuation may have caught up with fundamentals. I last covered shares in March , when I upgraded MIAX to a “ B uy,” and this call has played out nicely with shares up 25% since then. With MIAX near my $46 price target and momentum having slowed, now is a good time to revisit shares to determine if a “ B uy” is still merited. Seeking Alpha Miami International is a leading exchange company focused on options trading. Beyond this, it has a futures business and a modest equity platform. The company has also been adding international exposure, though it overwhelmingly focuses on U.S.-listed securities. In addition to online exchanges, it also opened a physical trading floor in Miami last year, which has become a key financial hub as Citadel has relocated resources to the area. Citadel is one of MIAX’s key customers, given its significant volume and market-making operation, providing a natural benefit to having a physical location in the city. Miami International In the company’s first quarter , Miami International earned $0.42 per share, which was $0.05 better than expected as revenue surged 40% to $129 million. MIAX is benefitting from being at the epicenter of the options trading boom while also increasing its own market share. Importantly, as the business grows and scales into its infrastructure, we are seeing impressive operating leverage. EBITDA surged 66% to $66 million, and margins were up to 51%, as operating expenses were up a relatively modest 20% to $63 million. Looking first at options, industrywide options volume grew 17% in Q1 relative to last ...
A new lawsuit accuses a senior official at Shield AI of “profane, egregious acts” of sexual harassment and alleges fraud and safety issues involving other workers at the defense tech startup. Jacob Miller said in his lawsuit that he was placed on “retaliatory administrative leave” in December from his job at the firm. Miller alleges that Trey Lindsey, senior director of customer operations, made s...
A new lawsuit accuses a senior official at Shield AI of “profane, egregious acts” of sexual harassment and alleges fraud and safety issues involving other workers at the defense tech startup. Jacob Miller said in his lawsuit that he was placed on “retaliatory administrative leave” in December from his job at the firm. Miller alleges that Trey Lindsey, senior director of customer operations, made sexually explicit and threatening comments about Miller and other staff members and described a gay employee and his husband in offensive terms. In one instance, during the summer of 2024, Lindsey showed Miller a picture of his genitalia laying atop a commemorative plate of former President Barack Obama, according to the complaint. In addition, Miller said he flagged safety issues and fraud allegations to the company that weren’t adequately addressed. Miller said in the lawsuit, filed against Shield AI and Lindsey in federal court in Texas on Thursday, that he had been working as a senior staff technical product development manager at Shield AI. Lindsey didn’t respond to emails seeking comment. San Diego-based Shield AI, which investors recently valued at $12.7 billion for its work manufacturing autonomous military aircraft and software, declined to comment. Miller left the firm about a month ago, according to his attorneys. Shield AI makes autonomous vertical drones and AI software to pilot them. Since brothers Brandon and Ryan Tseng co-founded the company in 2015 it’s attracted more than $3 billion from top investors betting the Pentagon would swiftly adopt new technology from Silicon valley along with traditional systems. Shield AI expects more than $540 million in revenue this year and has set a goal to reach $1 billion in revenue by March 2028, Fortune reported in March. Miller, a Texas resident, alleges that the company ignored him when he raised concerns about safety and potential fraud. For instance, he said he was part of the Mishap Review Board, which oversees inve...