In Brief SpaceX is headed toward what’s expected to be the largest IPO ever next month, and now it has received a major boost from the Trump administration. On Friday, the U.S. Space Force announced it’s giving SpaceX $4.16 billion as part of a contract to build satellites that will be part of a missile and air defense system that President Trump is calling the “Golden Dome.” The announcement foll...
In Brief SpaceX is headed toward what’s expected to be the largest IPO ever next month, and now it has received a major boost from the Trump administration. On Friday, the U.S. Space Force announced it’s giving SpaceX $4.16 billion as part of a contract to build satellites that will be part of a missile and air defense system that President Trump is calling the “Golden Dome.” The announcement follows a separate contract the Space Force awarded to Elon Musk’s company earlier this week worth $2.29 billion. That contract involves SpaceX building a communications network in low-Earth orbit. The contracts reinforce a disclosure that was detailed in SpaceX’s IPO filing made public last week: the company is heavily dependent on government contracts. One fifth of SpaceX’s revenue in 2025 came from government agencies. Musk poured around $300 million into helping elect Trump, and has remained close with the president. But SpaceX has also dominated the launch market over the last decade; it’s not surprising the federal government keeps turning towards SpaceX for contracts like these. Still, the company warned investors in its IPO filing that its “business with governmental entities is subject to changes in policies, priorities, regulations, mandates, and funding levels.”
Wagner Meier/Getty Images News SBM Offshore ( SBFFF ) ( SBFFY ) said Friday it was awarded a pair of contracts by Petrobras ( PBR ) valued at ~$7.8B for two floating production, storage, and offloading vessels to be deployed for the Sergipe Deepwater project in Brazil's offshore Sergipe-Alagoas Basin. Under the contracts, SBM Offshore ( SBFFF ) ( SBFFY ) said it will design, build, and operate FPS...
Wagner Meier/Getty Images News SBM Offshore ( SBFFF ) ( SBFFY ) said Friday it was awarded a pair of contracts by Petrobras ( PBR ) valued at ~$7.8B for two floating production, storage, and offloading vessels to be deployed for the Sergipe Deepwater project in Brazil's offshore Sergipe-Alagoas Basin. Under the contracts, SBM Offshore ( SBFFF ) ( SBFFY ) said it will design, build, and operate FPSOs SEAP-I and SEAP-II, which will be designed respectively to produce 120K bbl/day of oil with associated gas treatment of 355M scf/day and 120K bbl/day of oil with associated gas treatment capacity of 425M scf/day; delivery is expected in 2031 and 2030, respectively. Both FPSOs will connect to an export pipeline for direct gas delivery to shore, allowing associated gas to be transported for commercial use to support domestic consumption in Brazil. A consortium led by Petrobras ( PBR ) will own the FPSOs, and SBM Offshore ( SBFFF ) ( SBFFY ) will operate them for an initial six-and-a-half years under separate operations and maintenance contracts. More on Petrobras and SBM Offshore Petrobras: Why I Disagree With Wall Street Petrobras: Cheap Oil Stock With High Yield Potential SBM Offshore Q4 2025 Earnings Call Presentation
Canada edged into a technical recession as weak business and government spending drove a slight contraction in the first quarter, pointing to persistent slack in the economy amid the US trade war. Real gross domestic product fell by 0.1% on an annualized basis during the first three months of the year. That follows a 1% contraction in the fourth quarter, a downward revision from a previously repor...
Canada edged into a technical recession as weak business and government spending drove a slight contraction in the first quarter, pointing to persistent slack in the economy amid the US trade war. Real gross domestic product fell by 0.1% on an annualized basis during the first three months of the year. That follows a 1% contraction in the fourth quarter, a downward revision from a previously reported 0.6% decrease. The weaker-than-expected GDP data coincides with a weaker job market as well, painting a sobering picture of the Canadian economy as US President Donald Trump’s tariffs squeeze Canadian businesses . Business capital investment in the first quarter posted a fifth consecutive decline, shrinking 3% on an annualized basis, driven by lower spending on engineering structures. The “surprising” first quarter data means Canada has seen growth only in one of the last four quarters, noted Charles St-Arnaud, chief economist at Servus Credit Union. The last time Canada recorded two consecutive quarters of negative growth was in 2020 during the Covid-19 pandemic. Before that, it was in 2015 amid low oil prices. What You Need to Know Today NATO-Member Romania Accuses Russia of Escalation as Drone Hits Building, Injuring Two The incident was the most serious of its kind for the eastern-flank member of the alliance since Moscow’s full-scale invasion of neighboring Ukraine. Read more The cycle of hope for winding down the Iran war — followed by disappointment — continued Friday. Weeks of claims by Trump of a near-sealed deal (and at least one from Iran ) continued to yield only dissonance. Trump tweeted Friday he would decide the fate of a proposed interim accord, and Tehran poured water on reports a deal was even near, disputing its supposed terms and especially those regarding its nuclear program . While the situation could change over the weekend, with Pakistan Foreign Minister Ishaq Dar in Washington in his role as a mediator, the lack of progress may be especially dis...
On May 28, 2026, Cyrus Capital Partners reported selling 81,516 shares of Methanex (MEOH 1.22%), an estimated $4.10 million transaction based on quarterly average prices. What happened According to a May 28, 2026, SEC filing, Cyrus Capital Partners reduced its stake in Methanex by 81,516 shares during the first quarter of 2026. The estimated transaction value is $4.10 million, calculated using the...
On May 28, 2026, Cyrus Capital Partners reported selling 81,516 shares of Methanex (MEOH 1.22%), an estimated $4.10 million transaction based on quarterly average prices. What happened According to a May 28, 2026, SEC filing, Cyrus Capital Partners reduced its stake in Methanex by 81,516 shares during the first quarter of 2026. The estimated transaction value is $4.10 million, calculated using the average unadjusted closing price for the quarter. The quarter-end value of the Methanex position declined by $1.60 million, reflecting both trading activity and price changes. What else to know Cyru Capital Partners, L.P. sold shares, leaving Methanex at 2.5% of 13F AUM Top holdings after the filing: NASDAQ: SATS: $67.50 million (45.0% of AUM) NASDAQ: GTX: $39.24 million (26.2% of AUM) NASDAQ: CZR: $37.79 million (25.2% of AUM) NASDAQ: MEOH: $4.91 million (2.5% of AUM) NASDAQ: NBIS: $518,800 (0.3% of AUM) As of May 27, 2026, Methanex shares were priced at $59.15, up about 80% over the past year and well outperforming the S&P 500, which is up about 28% in the same period. Company overview Metric Value Revenue (TTM) $3.67 billion Net Income (TTM) ($45.03 million) Dividend Yield 1.2% Price (as of market close May 27, 2026) $59.15 Company snapshot Methanex produces and supplies methanol globally, including North America, Asia Pacific, Europe, and South America, with additional revenue from methanol offtake contracts and spot market purchases The firm operates an integrated business model encompassing production, logistics, storage, and a managed fleet of approximately 30 ocean-going vessels to ensure reliable methanol delivery It serves chemical and petrochemical producers as its primary customer base, supporting a wide range of industrial manufacturing applications Methanex is a leading global producer and distributor of methanol, leveraging a vertically integrated supply chain and a diverse international presence. Methanex’s scale and expertise in methanol supply enable it t...
watch now VIDEO 3:15 03:15 I wonder if we will say this is the era when Dell took over the computer space, says Jim Cramer Mad Money with Jim Cramer CNBC's Jim Cramer said next week could bring key answers for technology stocks after a blockbuster quarter from Dell Technologies added to the enthusiasm around the data center trade . "When we look back, I wonder if we'll say this was that moment whe...
watch now VIDEO 3:15 03:15 I wonder if we will say this is the era when Dell took over the computer space, says Jim Cramer Mad Money with Jim Cramer CNBC's Jim Cramer said next week could bring key answers for technology stocks after a blockbuster quarter from Dell Technologies added to the enthusiasm around the data center trade . "When we look back, I wonder if we'll say this was that moment when Dell simply took over the computer space" the " Mad Money " host said Friday, calling the company's latest earnings one of the biggest "blowouts" he can recall. Tech has dominated the market this year, particularly companies tied to artificial intelligence infrastructure. But he said that one notable laggard has emerged: Nvidia . That could begin to change next week when CEO Jensen Huang delivers a keynote at Computex in Taiwan. Cramer said the event has historically been a "stake in the ground moment" for Nvidia and could include new announcements, particularly about PCs. Executives from other key tech players such as Arm Holdings , Marvell Technology , Intel and Qualcomm will also be at Computex. Cramer then turned to the week ahead. Monday Other than Huang's presentation, Merck is set to host a meeting reviewing its cancer portfolio following the annual ASCO conference, offering investors a closer look at the drugmaker's pipeline. Tuesday Dollar General reports after rival Dollar Tree posted stronger-than-expected results on Thursday. Cramer expects Dollar General shares could rebound. After the bell, Palo Alto Networks , which is a holding in Cramer's Charitable Trust , the portfolio run by the CNBC Investing Club, reports. While the stock often rallies into earnings before profit-taking sets in, Cramer said rising AI-driven cyber threats could support results. Ulta also reports after a difficult year, with shares down sharply since its last earnings report in March . Deutsche Bank slashed its price target Friday ahead the results. "It was jarring," Cramer warned. Wed...
bizoo_n The US BTC spot exchange-traded fund (ETF) flows from May 28 are telling a more nuanced story than just 'sell-off or recovery.' Instead, they hint at something deeper—a market that is not exiting risk but actively repricing it. The Bitcoin ( BTC-USD ) session ended with a net outflow of -$228.88M as of May 28, with a high trading activity of $2.36B, which is important—because exits usually...
bizoo_n The US BTC spot exchange-traded fund (ETF) flows from May 28 are telling a more nuanced story than just 'sell-off or recovery.' Instead, they hint at something deeper—a market that is not exiting risk but actively repricing it. The Bitcoin ( BTC-USD ) session ended with a net outflow of -$228.88M as of May 28, with a high trading activity of $2.36B, which is important—because exits usually come with fading volume, not sustained activity. According to the SoSovalue chart , the pressure was mainly seen in big players. BlackRock iShares Bitcoin Trust ( IBIT ) saw the biggest outflow of -$177.94M (around 2.42K BTC), Fidelity Wise Origin Bitcoin Fund ( FBTC ) saw -$19.16M outflows, while Grayscale Bitcoin Trust ( GBTC ) continued its weak trend with -$26.19M outflows and a huge lifetime outflow of -$26.62B. Yet IBIT still holds $63.87B in cumulative inflows, showing that leadership capital hasn’t collapsed—it's just being tested. Now zooming into Friday's market reaction, Bitcoin didn't trend in one direction . First it fell to ~$72K levels before making an upward move towards ~$74K along with heavy liquidation pressure. Total crypto liquidations hit $274.86M, impacting 96K traders, with Ethereum ( ETH-USD ), XRP ( XRP-USD ), Solana ( SOL-USD ), Binance Coin ( BNB-USD ), and Hyperliquid ( HYPE-USD ) all caught in the same derivatives unwind. Now, here's when things got interesting: while the market was shaking, policy momentum moved the opposite way. The US Treasury Secretary Scott Bessent pushed for the CLARITY Act, calling for crypto to move “onshore” with bipartisan support. At the same time, JPMorgan Chase ( JPM ) CEO Jamie Dimon openly opposed it, warning about weak AML and BSA safeguards and even criticizing Coinbase Global ( COIN ) CEO Brian Armstrong over regulatory lobbying. With Senate debate still ahead and crypto ETFs absorbing volatility , one question remains: is crypto entering a phase of maturity or an intense power struggle between Wall Street an...
Berkshire Hathaway (BRKA 0.67%)(BRKB 0.59%) is an unusual company. Technically a finance business, thanks to its large insurance operations, it is operated as a conglomerate, owning a shockingly diverse portfolio of businesses and even a portfolio of common stocks. Cash is also a key part of the equation, with the current balance sitting at nearly $400 billion. That's a big plus today. What does c...
Berkshire Hathaway (BRKA 0.67%)(BRKB 0.59%) is an unusual company. Technically a finance business, thanks to its large insurance operations, it is operated as a conglomerate, owning a shockingly diverse portfolio of businesses and even a portfolio of common stocks. Cash is also a key part of the equation, with the current balance sitting at nearly $400 billion. That's a big plus today. What does cash do for Berkshire Hathaway? For decades, former CEO Warren Buffett managed Berkshire Hathaway's portfolio, successfully buying and selling assets to the benefit of shareholders. His successor, Greg Abel, now oversees the portfolio. But like Buffett, who helped train him, Abel isn't inclined to buy just for the sake of buying. Both have something of a value bias, and with the S&P 500 index (^GSPC +0.22%) trading near all-time highs, it is hard to find attractive businesses to buy. When there's nothing worth buying, Buffett and now Abel allow cash to accumulate on the balance sheet. So, from one perspective, the company is building a cash hoard to use when investment opportunities finally become available. That could happen during the next bear market, which will eventually come. When interest rates were hovering at historically low levels, holding cash was a purely strategic decision because it generated little interest income. But interest rates are higher today, with the Federal Reserve's target set at 3.5% to 3.75%. The company's cash is now providing it with a far more meaningful income stream. Berkshire Hathaway and its shareholders would probably be better off if that money were invested, but only if it were invested in attractive businesses. Given the lack of investment candidates, more cash and higher interest rates are still a pretty good outcome. Berkshire Hathaway's interest income story could get even better The big picture is that it is unlikely Berkshire Hathaway will invest $400 billion very quickly. So the cash balance is likely to remain high, if not grow...
In 2026, you cannot snatch AI coding tools out of developers’ vice-grip hands, researchers have discovered. Topics AI , TC When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
In 2026, you cannot snatch AI coding tools out of developers’ vice-grip hands, researchers have discovered. Topics AI , TC When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
"He's got the goods." The words of Novak Djokovic at the 2025 Australian Open after an 18-year-old Joao Fonseca had stunned ninth seed Andrey Rublev on his Grand Slam debut. As Friday afternoon gave way to Friday evening in Paris, Djokovic saw those "goods" first hand and lost. The booming forehand, the teasing drop shots, and - the piece de resistance - a trio of nerveless aces in game 12 of the ...
"He's got the goods." The words of Novak Djokovic at the 2025 Australian Open after an 18-year-old Joao Fonseca had stunned ninth seed Andrey Rublev on his Grand Slam debut. As Friday afternoon gave way to Friday evening in Paris, Djokovic saw those "goods" first hand and lost. The booming forehand, the teasing drop shots, and - the piece de resistance - a trio of nerveless aces in game 12 of the deciding set to first save a break point and then convert match point. For the second match in a row, Brazilian teenager Fonseca fought back from two sets down to win. In round two, his opponent was world number 72 Dino Prizmic. In round three, a 24-time Grand Slam champion and third seed - who led 3-1 in the fifth set before Fonseca roared back to win an epic contest 4-6 4-6 6-3 7-5 7-5 in four hours and 53 minutes. The first teenager to beat Djokovic at a major at the 19th attempt and a win which, coupled with the second-round exit of Jannik Sinner and absence of defending champion Carlos Alcaraz, means there will be a new Grand Slam champion crowned in 2026. Fonseca, who briefly interrupted the applause on Court Philippe-Chatrier to say happy birthday to his mum sitting in his box, reflected on his astonishment at beating his "idol". "I actually didn't believe I could win the match. I just played and enjoyed being in the court," Fonseca, the world number 30, said. "I was just trying to hit the ball as fast as I could. Djokovic doesn't miss and we still think he's 20. At the end of the match, he was more fit than me. When the day was getting darker, I felt much slower. "I just believed I could do aces, it was crazy - I felt like John Isner. I have never done that before. I am super happy that I could finish like this."
When he launched Ink Bomb in 2008, he says every event was shut down by police: "We had to stop because they threatened to arrest or charge us. We're back this year for the first time since 2014, and it's incredible that we can now gather without any fear."
When he launched Ink Bomb in 2008, he says every event was shut down by police: "We had to stop because they threatened to arrest or charge us. We're back this year for the first time since 2014, and it's incredible that we can now gather without any fear."
Five years ago, splitting $1,000 evenly across Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) seemed like a smart way to play the crypto market. Rather than betting everything on a single asset, you spread the risk across the three biggest names in the space. What happened to that $1,000 over the next ... What $1,000 in Bitcoin, Ethereum, And XRP Five Years Ago Is Worth Today
Five years ago, splitting $1,000 evenly across Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) seemed like a smart way to play the crypto market. Rather than betting everything on a single asset, you spread the risk across the three biggest names in the space. What happened to that $1,000 over the next ... What $1,000 in Bitcoin, Ethereum, And XRP Five Years Ago Is Worth Today