Hundreds of youths in Kenya’s central town of Nanyuki on Monday showed against the establishment at the Laikipia Air Base of an Ebola quarantine centre for American citizens exposed to the virus. The protests come two days after Kenya’s High Court suspended the establishment of the facility and the arrival of any foreign patients pending the hearing of a case filed by the Law Society of Kenya and ...
Hundreds of youths in Kenya’s central town of Nanyuki on Monday showed against the establishment at the Laikipia Air Base of an Ebola quarantine centre for American citizens exposed to the virus. The protests come two days after Kenya’s High Court suspended the establishment of the facility and the arrival of any foreign patients pending the hearing of a case filed by the Law Society of Kenya and a constitutional watchdog. The two organisations cited Kenya’s fragile health system as the reason...
RESTON, Va., June 01, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corporation (NASDAQ: SAIC ), a premier mission integrator driving our nation's digital transformation across the defense, space, intelligence, and civilian markets, today announced results for the first quarter ended May 1, 2026.
RESTON, Va., June 01, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corporation (NASDAQ: SAIC ), a premier mission integrator driving our nation's digital transformation across the defense, space, intelligence, and civilian markets, today announced results for the first quarter ended May 1, 2026.
Thicha studio/iStock via Getty Images Income investors' greatest fear is the dividend cut. This is because it typically means two very negative things for the income investor: Firstly, their important income stream will be reduced, typically by a significant amount. Given that the whole allure of dividend investing is that you don't have to worry about market volatility and can depend on a stable ...
Thicha studio/iStock via Getty Images Income investors' greatest fear is the dividend cut. This is because it typically means two very negative things for the income investor: Firstly, their important income stream will be reduced, typically by a significant amount. Given that the whole allure of dividend investing is that you don't have to worry about market volatility and can depend on a stable and ideally rising stream of passive income over time, a dividend cut puts that into reverse. For an income investor, therefore, a dividend cut is similar to what a market crash is to an index investor who plans to live off their portfolio value by liquidating positions over time. Not only that, but to make matters worse, a dividend cut typically means a large drawdown in the price of a dividend stock, since most investors value it based on the income stream it throws off. When there's a dividend cut, the market often reprices it lower to bring the yield at least close to where it was previously. With this in view, in this article, I'm going to share three yield traps that lure in income investors with their juicy yields but I believe are poised to destroy wealth over the long term. Should a retiree depend on one of them for income, they are quite likely to be disappointed. Yield Trap #1 The first yield trap I will discuss is the biggest one of them all, and that is the YieldMax Universe Fund of Option Income ETFs ( YMAX ), which is made up of 43 underlying YieldMax single-fund covered call ETFs. This fund lures investors not only because it holds a diversified basket that has underlying exposure to some of the world's greatest companies but also because it pays extremely high distributions, with a trailing 12-month yield at 69%. It pays out these distributions weekly, which is psychologically very appealing to income investors to be able to get a lucrative stream of passive income every single week. However, there are several reasons why YMAX is a yield trap in my view: Fi...
Nvidia (NASDAQ: NVDA) is the most highly valued company in the world, but that doesn't mean it's expensive. In this video, Certified Financial Planner® Matt Frankel explains why Nvidia's recent results make the stock look surprisingly attractive. *Stock prices used were the morning prices of May 29, 2026. The video was published on May 30, 2026. Continue reading
Nvidia (NASDAQ: NVDA) is the most highly valued company in the world, but that doesn't mean it's expensive. In this video, Certified Financial Planner® Matt Frankel explains why Nvidia's recent results make the stock look surprisingly attractive. *Stock prices used were the morning prices of May 29, 2026. The video was published on May 30, 2026. Continue reading
Good morning . Donald Trump expresses optimism over Iran talks despite fresh clashes. Retail investors chase this year’s hottest IPOs. And the obsession with protein has the food industry scrambling. Listen to the day’s top stories . — Marc Perrier Market Snapshot S&P 500 Futures 7,616.50 +0.3% Nasdaq 100 Futures 30,504.25 +0.3% WTI crude oil futures $90.69 +3.8% Market data as of 07:00 AM ET. Dat...
Good morning . Donald Trump expresses optimism over Iran talks despite fresh clashes. Retail investors chase this year’s hottest IPOs. And the obsession with protein has the food industry scrambling. Listen to the day’s top stories . — Marc Perrier Market Snapshot S&P 500 Futures 7,616.50 +0.3% Nasdaq 100 Futures 30,504.25 +0.3% WTI crude oil futures $90.69 +3.8% Market data as of 07:00 AM ET. Data is subject to provider delays. Donald Trump said talks with Iran on an interim peace deal would “ work out well ,” even as renewed clashes near the Strait of Hormuz pushed oil prices higher from a six-week low. Over the weekend, the US and Iran traded messages seeking changes to a draft agreement that would extend a ceasefire and open the strait, but it was unclear if the sides were making much progress. Adding to regional tensions , Israel expanded its ground assault in Lebanon, further straining a fragile truce. Rally on, and on. US stock futures pointed to another record high for the S&P 500 at the start of June, with enthusiasm around artificial intelligence continuing to drive gains. Not wanting to miss out, hedge funds bought US equities at the fastest pace in six months last week, according to Goldman Sachs. Check out the latest market themes here . Nvidia is entering the PC market. Its new chip is aimed at loosening Intel’s grip on the technology in that arena and modernizing the machines for the AI era. Nvidia CEO Jensen Huang also said Anthropic, OpenAI and SpaceX are among the first major users of its upcoming microprocessor , securing key customers for its latest attempt to expand an already extensive footprint in AI data centers. Berkshire Hathaway will acquire Taylor Morrison Home in an all-cash deal worth about $6.8 billion , the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. The move comes during a period of underperformance for homebuilder stocks and as mortgage rates hit the highest since August. A...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Austin Carr reports that claims in a lawsuit have revealed a different side of Valve co-founder Gabe Newell. Tech Across the Globe Ackman’s bid rejected: Universal Music rebuffed an unsolicited purchase offer from Bill Ackman’s Pershing Square. The board said the bid unde...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Austin Carr reports that claims in a lawsuit have revealed a different side of Valve co-founder Gabe Newell. Tech Across the Globe Ackman’s bid rejected: Universal Music rebuffed an unsolicited purchase offer from Bill Ackman’s Pershing Square. The board said the bid undervalued the music company . OpenAI’s bankers: The AI company has spoken with banks including Citigroup and JPMorgan Chase about working on its upcoming initial public offering. They could join Goldman Sachs and Morgan Stanley on the preparations for the IPO . SK Hynix’s new fan: The Janus Henderson Investors’ Global Technology Leaders Fund plans to own shares of the South Korean AI memory chip maker. Richard Clode, a co-manager of the high-performing fund, says it’s a smart bet . Revalued Elon Musk’s SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, lowering its initial aim of more than $2 trillion. The rocket, AI and social media company reduced its IPO goal after consultations with advisers and investors. A different view Gabe Newell , the co-founder and president of PC gaming powerhouse Valve, is arguably the most beloved — or perhaps least disliked — tech billionaire in the US, at least among those who know his name. In an industry infamous for trolling haters, Newell remains revered for his gamer-friendly ethos and nerd-lord antics. And even though he’s quietly minted a fortune through classic games like Half-Life and Valve’s online Steam store, Newell has avoided the kind of scandals, corporate contempt and polarizing overexposure synonymous with the likes of Jeff Bezos, Bill Gates or Mark Zuckerberg. Which is why it’s so surprising that Valve now finds itself at the center of a class-action lawsuit in the US from a set of independent developers alleging the company has engaged in monopolistic practices to charge them ...
Firm says its RTX Spark PC chip for Microsoft Windows will let AI agents replace the mouse and keyboard Business live – latest updates A new front has opened up in the battle for dominance in AI chips, as Nvidia said its latest development could replace the mouse and keyboard in how people use computers. The $5tn (£3.7th) US semiconductor company has launched a “superchip” that puts AI capabilitie...
Firm says its RTX Spark PC chip for Microsoft Windows will let AI agents replace the mouse and keyboard Business live – latest updates A new front has opened up in the battle for dominance in AI chips, as Nvidia said its latest development could replace the mouse and keyboard in how people use computers. The $5tn (£3.7th) US semiconductor company has launched a “superchip” that puts AI capabilities into laptops and desktop computers, a move that will pit it against Intel, Apple, Qualcomm and AMD. Continue reading...