Mohamad Faizal Bin Ramli/iStock via Getty Images By Jennifer Nash The Federal Reserve’s preferred inflation gauge, the core PCE price index, climbed 3.3% year-over-year in April, matching the forecast. This marks the highest level since November 2023 and marks a steady pickup from March's 3.2% reading. On a monthly basis, core prices rose 0.2%, coming in lower than the expected 0.3% increase. The ...
Mohamad Faizal Bin Ramli/iStock via Getty Images By Jennifer Nash The Federal Reserve’s preferred inflation gauge, the core PCE price index, climbed 3.3% year-over-year in April, matching the forecast. This marks the highest level since November 2023 and marks a steady pickup from March's 3.2% reading. On a monthly basis, core prices rose 0.2%, coming in lower than the expected 0.3% increase. The headline index surged 3.8% year-over-year, meeting expectations and marking its highest level since May 2023. This acceleration was driven by a 0.4% monthly jump, which was lower than the 0.5% forecast. Understanding the PCE Price Index Personal consumption expenditures (PCE) track the actual spending habits (personal consumption) of domestic consumers. The headline number includes all categories, capturing the immediate "sticker shock" felt by households at the pump and grocery store. Core PCE excludes food and energy, making it less volatile than the headline PCE, and thus provides a clearer view of long-term inflation trends. The adjacent thumbnail gives us a close-up of the trend in YoY core PCE since January 2012. The first string of red data points highlights the 12 consecutive months when core PCE hovered in a narrow range around its interim low. The second string highlights the lower range from late 2014 through 2015. Core PCE shifted higher in 2016 with a decline in 2017, 2019, and 2020, with a major jump in 2022. The following chart illustrates the monthly year-over-year changes since 2000, with the 2% benchmark highlighted as the Fed's ultimate target. For a long-term perspective, here are the same two metrics spanning five decades. Inflation: The Fed's 2% Target The Federal Reserve concluded its third meeting of the year by maintaining the federal funds rate at 3.50%–3.75% . The decision, which markets had fully priced in, keeps the benchmark rate at its lowest level since November 2022 for the third meeting in a row. However, the recent PCE figures suggest the ...
Waymo has nearly 600 autonomous vehicles registered in Texas, a figure that far outpaces emerging competitors Avride, Nuro, Tesla, and Zoox, according to data available in a new website launched by the Texas Department of Motor Vehicles. The automated vehicle tracker tool — part of a new law that requires AV companies to register with the DMV — gives the public the first accurate and easy-to-acces...
Waymo has nearly 600 autonomous vehicles registered in Texas, a figure that far outpaces emerging competitors Avride, Nuro, Tesla, and Zoox, according to data available in a new website launched by the Texas Department of Motor Vehicles. The automated vehicle tracker tool — part of a new law that requires AV companies to register with the DMV — gives the public the first accurate and easy-to-access accounting of how many autonomous vehicles are in Texas. The state law, which went into effect May 28, requires companies testing or deploying AVs in the state to share how many vehicles are in their fleets as well as other safety information. It also shows just how wide the gap is between Waymo and rival Tesla — two companies offering commercial robotaxi services. Alphabet-owned Waymo has registered 577 autonomous vehicles in Texas, followed by Avride with 317, and Nuro with 47. Tesla, which launched a robotaxi service in Austin last summer and has since said it has expanded to Dallas and Houston, has registered 42 autonomous vehicles. Other companies with registered autonomous vehicles in the state include Volkswagen subsidiary MOIA, which has a fleet of 12 electric, autonomous microbuses. The size of an autonomous vehicle-fleet only reveals so much about where a company stands on the leaderboard. Many of these companies — Nuro and Zoox, for instance — are not operating commercially. Nor do these numbers track how many vehicles are actively being used. (Waymo, for instance, paused operations in some Texas cities earlier this month due to issues with how its vehicles operate around floods.) But there’s no denying Waymo’s dominance in Texas — at least for now. Over time, the tool should provide some measure of growth. Waymo launched its commercial service in Austin in March 2025 and has since expanded to Dallas, Houston, and San Antonio. The website also provides registration figures for other applications of autonomous vehicle tech, including self-driving trucks. Aurora,...
Waymo has nearly 600 autonomous vehicles registered in Texas, a figure that far outpaces emerging competitors Avride, Nuro, Tesla, and Zoox, according to data available in a new website launched by the Texas Department of Motor Vehicles. The automated vehicle tracker tool — part of a new law that requires AV companies to register with the DMV — gives the public the first accurate and easy-to-acces...
Waymo has nearly 600 autonomous vehicles registered in Texas, a figure that far outpaces emerging competitors Avride, Nuro, Tesla, and Zoox, according to data available in a new website launched by the Texas Department of Motor Vehicles. The automated vehicle tracker tool — part of a new law that requires AV companies to register with the DMV — gives the public the first accurate and easy-to-access accounting of how many autonomous vehicles are in Texas. The state law, which went into effect May 28, requires companies testing or deploying AVs in the state to share how many vehicles are in their fleets as well as other safety information. It also shows just how wide the gap is between Waymo and rival Tesla — two companies offering commercial robotaxi services. Alphabet-owned Waymo has registered 577 autonomous vehicles in Texas, followed by Avride with 317, and Nuro with 47. Tesla, which launched a robotaxi service in Austin last summer and has since said it has expanded to Dallas and Houston, has registered 42 autonomous vehicles. Other companies with registered autonomous vehicles in the state include Volkswagen subsidiary MOIA, which has a fleet of 12 electric, autonomous microbuses. The size of an autonomous vehicle-fleet only reveals so much about where a company stands on the leaderboard. Many of these companies — Nuro and Zoox, for instance — are not operating commercially. Nor do these numbers track how many vehicles are actively being used. (Waymo, for instance, paused operations in some Texas cities earlier this month due to issues with how its vehicles operate around floods.) But there’s no denying Waymo’s dominance in Texas — at least for now. Over time, the tool should provide some measure of growth. Waymo launched its commercial service in Austin in March 2025 and has since expanded to Dallas, Houston, and San Antonio. The website also provides registration figures for other applications of autonomous vehicle tech, including self-driving trucks. Aurora,...
sitox/E+ via Getty Images New Era Energy & Digital ( NUAI ) up 12% post-market Thursday after saying it reached a pending agreement that would lead to the company's complete dismissal from the lawsuit by the state of New Mexico. Under the settlement terms, New Era ( NUAI ) defendants would pay $1M to the U.S. Trustee for the bankruptcy estates of Acacia Resources and Acacia Operating Company follo...
sitox/E+ via Getty Images New Era Energy & Digital ( NUAI ) up 12% post-market Thursday after saying it reached a pending agreement that would lead to the company's complete dismissal from the lawsuit by the state of New Mexico. Under the settlement terms, New Era ( NUAI ) defendants would pay $1M to the U.S. Trustee for the bankruptcy estates of Acacia Resources and Acacia Operating Company following court approval, and the Trustee would then release the defendants from trustee-controlled claims and dismiss those claims with prejudice. New Mexico's lawsuit relates to allegations concerning legacy helium and gas assets and associated environmental obligations. The settlement agreement remains subject to bankruptcy court approval and does not constitute an admission of liability or wrongdoing. More on New Era Energy & Digital New Era Energy & Digital: Still Not Suitable For Investors New Era Energy & Digital: Management Is Entering Uncharted Territory In Data Center Development Seeking Alpha’s Quant Rating on New Era Energy & Digital
Five teenagers sit shoulder to shoulder dressed in hoodies, T-shirts and sneakers. Behind them in the video is a farm shed, sometimes a street corner or a hardware store. Each cradles a large orange plastic bucket between their knees. The scenes are laid-back but there is nothing casual about what comes next. The group launch into a tightly choreographed drumming routine – sticks move at break-nec...
Five teenagers sit shoulder to shoulder dressed in hoodies, T-shirts and sneakers. Behind them in the video is a farm shed, sometimes a street corner or a hardware store. Each cradles a large orange plastic bucket between their knees. The scenes are laid-back but there is nothing casual about what comes next. The group launch into a tightly choreographed drumming routine – sticks move at break-neck speed, flicking between the surfaces of their own bucket to that of their neighbours’, producing a slick, energetic and flawless sound. They are the Beat Street Drummers – a quintet of teenagers from Tauranga, a city on New Zealand’s east coast – who have catapulted to viral fame thanks to drumming out covers of global hits on NZ$10 (£4.40) buckets from Mitre 10, a hardware store chain. Since they began uploading videos of their performances in March 2025, the group have amassed more than a million social media followers and clocked up more than 100m views. Fans regularly praise their “clean” drumming and urge them to appear in global talent contests. Increasingly they are being called upon to perform at festivals and events. 1:09 The group of New Zealand teenagers finding fame with a few buckets and sticks - video For Elliot Laurie, 14, Tristan Sparks, 15, Daniel Moore, 17, and 18 year olds Noah Stuart and Lucas Shepherd, the attention has been surprising. “It was definitely a bit of a shock seeing how many people were enjoying the content,” Noah tells the Guardian. “But yeah, it was cool to see everyone checking in, viewing it.” The teenagers met in school music classes eight years ago and formed their existing group roughly five years ago, after discovering a shared enjoyment for drumming on buckets. “We found out amongst ourselves that we are quite a good group playing on the buckets and we have that sort of dynamic – it’s like a brotherhood,” Daniel says. Buckets have a different surface and tone to regular drums, which the group enjoy experimenting with. They are al...
Image source: The Motley Fool. Thursday, May 28, 2026 at 5:30 p.m. ET Call participants Chairman and Chief Executive Officer — Mark D. Dankberg Chief Financial Officer — Garrett L. Chase Chief Enterprise and Strategy Officer — Lisa Curran Takeaways Record Contract Awards -- New contract awards reached $1.3 billion, up 9% driven by maritime, government SATCOM, and aviation segments. -- New contract...
Image source: The Motley Fool. Thursday, May 28, 2026 at 5:30 p.m. ET Call participants Chairman and Chief Executive Officer — Mark D. Dankberg Chief Financial Officer — Garrett L. Chase Chief Enterprise and Strategy Officer — Lisa Curran Takeaways Record Contract Awards -- New contract awards reached $1.3 billion, up 9% driven by maritime, government SATCOM, and aviation segments. -- New contract awards reached $1.3 billion, up 9% driven by maritime, government SATCOM, and aviation segments. Backlog -- Ended at a record $4.1 billion, up 15%, with double-digit growth in both Communication Services and Defense and Advanced Technologies (DAT). -- Ended at a record $4.1 billion, up 15%, with double-digit growth in both Communication Services and Defense and Advanced Technologies (DAT). Revenue -- Total revenue was $1.2 billion, up 2%, with 12% growth in DAT offset by a 2% decline in Communication Services. -- Total revenue was $1.2 billion, up 2%, with 12% growth in DAT offset by a 2% decline in Communication Services. Net Income -- Net income was $59 million, an improvement of $305 million, mainly due to the gain from the sale of Navarino, lower G&A, and decreased interest expense. -- Net income was $59 million, an improvement of $305 million, mainly due to the gain from the sale of Navarino, lower G&A, and decreased interest expense. Adjusted EBITDA -- Adjusted EBITDA was $370 million, down 1%, primarily because of higher R&D investment and the impact of the U.S. government shutdown. -- Adjusted EBITDA was $370 million, down 1%, primarily because of higher R&D investment and the impact of the U.S. government shutdown. Free Cash Flow -- Generated $24 million in free cash flow in the quarter, despite $298 million in capital expenditures, marking the highest CapEx quarter of the year. -- Generated $24 million in free cash flow in the quarter, despite $298 million in capital expenditures, marking the highest CapEx quarter of the year. Navarino Divestiture -- Sold the Nav...
Lean hog futures closed with most contracts steady to 90 cents in the green and June down 62 cents. USDA’s national base hog price was reported at $93.64 on Thursday afternoon, down $1 from the day prior. The CME Lean Hog Index was down 12 cents on May 26 at $90.58. USDA’s pork carcass cutout value from the Thursday PM report was up 76 cents at $99.11 per cwt. The rib and belly primals were the on...
Lean hog futures closed with most contracts steady to 90 cents in the green and June down 62 cents. USDA’s national base hog price was reported at $93.64 on Thursday afternoon, down $1 from the day prior. The CME Lean Hog Index was down 12 cents on May 26 at $90.58. USDA’s pork carcass cutout value from the Thursday PM report was up 76 cents at $99.11 per cwt. The rib and belly primals were the only reported lower. USDA estimated federally inspected hog slaughter for Thursday at 476,000 head, with the weekly total at 1.413 million head. That is down 24,837 head from the same holiday week last year. Don’t Miss a Day: Jun 26 Hogs are at $96.975, down $0.625, Jul 26 Hogs are at $102.125, unch, Aug 26 Hogs are at $100.925, up $0.075, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Soybeans closed with Thursday gains of 9 ¼ to 15 ¼ cents at the close. The cmdtyView national average Cash Bean price was up 9 1/4 cents at $11.34. Soymeal futures were up $1.10 to $3.80, with Soy Oil futures 86 to 147 points higher. Export Sales data will be out on Friday, due to the Monday holiday. Trades are looking for old crop bean sales to be between 150,000 and 400,000 MT in the week of 5/2...
Soybeans closed with Thursday gains of 9 ¼ to 15 ¼ cents at the close. The cmdtyView national average Cash Bean price was up 9 1/4 cents at $11.34. Soymeal futures were up $1.10 to $3.80, with Soy Oil futures 86 to 147 points higher. Export Sales data will be out on Friday, due to the Monday holiday. Trades are looking for old crop bean sales to be between 150,000 and 400,000 MT in the week of 5/21, with new crop seen 0-300,000 MT. Soybean meal sales are estimated to total 250,000 to 800,000 MT, with bean oil sales seen at net reductions of 5,000 to net sales of 16,000 MT. Don’t Miss a Day: The forecast in for the next week shows a drier pattern east of the Mississippi River and north of the Ohio River. That covers the ECB and central Corn Belt, which has lagged the normal planting pace. The Argentina soybean harvest is estimated at 84.6% complete according to the Buenos Aires Grains Exchange. Jul 26 Soybeans are at $11.94 1/2, up 9 1/4 cents, Nearby Cash is at $11.34 0/1, up 10 cents, Aug 26 Soybeans are at $11.96, up 11 1/4 cents, Nov 26 Soybeans are at $11.94, up 12 1/2 cents, New Crop Cash is at $11.30 1/2, up 12 3/4 cents, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The wheat complex saw some late session strength on Thursday. Chicago SRW futures were fractionally to 1 ½ cents higher. KC HRW futures were 3 to 5 cents in the red at the close. MPLS spring wheat was down 2 to 3 1/2 cents on the session. Crude oil was down 15 cents at the close as several outlets were reporting the US and Iran were coming to an agreement to open the Strait of Hormuz and extend th...
The wheat complex saw some late session strength on Thursday. Chicago SRW futures were fractionally to 1 ½ cents higher. KC HRW futures were 3 to 5 cents in the red at the close. MPLS spring wheat was down 2 to 3 1/2 cents on the session. Crude oil was down 15 cents at the close as several outlets were reporting the US and Iran were coming to an agreement to open the Strait of Hormuz and extend the ceasefire. Don’t Miss a Day: USDA will release Export Sales data on Friday, due to the Monday holiday. Analysts are looking for old crop wheat sales to be 0 to 200,000 MT in the week of 5/21, with new crop seen 100,000-300,000 MT. The Buenos Aires Grains Exchange estimates the Argentina wheat crop at 14.2% planted. Jul 26 CBOT Wheat is at $6.24, up 1 1/2 cents, Sep 26 CBOT Wheat is at $6.37, up 1 1/4 cents, Jul 26 KCBT Wheat is at $6.65 1/4, down 4 1/2 cents, Sep 26 KCBT Wheat is at $6.76 3/4, down 4 3/4 cents, Jul 26 MIAX Wheat is at $6.77 1/4, down 3 1/2 cents, Sep 26 MIAX Wheat is at $7.02, down 3 1/4 cents, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Cotton futures saw Thursday gains of 46 to 99 points across most contracts. The US dollar index was $0.194 lower at $98.955. Crude oil was down 15 cents at the close as several outlets were reporting the US and Iran were coming to an agreement to open the Strait of Hormuz and extend the ceasefire. The Seam reported 1,906 bales sold on May 27 at an average of 64.73 cents/lb. The Cotlook A Index was...
Cotton futures saw Thursday gains of 46 to 99 points across most contracts. The US dollar index was $0.194 lower at $98.955. Crude oil was down 15 cents at the close as several outlets were reporting the US and Iran were coming to an agreement to open the Strait of Hormuz and extend the ceasefire. The Seam reported 1,906 bales sold on May 27 at an average of 64.73 cents/lb. The Cotlook A Index was steady on 5/27 at 87.35 cents. ICE certified cotton stocks were up 104 on Wednesday with the certified stocks level at 225,259 bales. The Adjusted World Price was down another 519 points on Thursday at 63.49 cents/lb. Don’t Miss a Day: Jul 26 Cotton is at 76.77, up 61 points, Dec 26 Cotton is at 79.53, up 87 points, Mar 27 Cotton is at 80.59, up 91 points On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
NetApp (NASDAQ:NTAP) reported record fourth-quarter and fiscal 2026 results, with executives citing strong demand for artificial intelligence infrastructure, public cloud services, all-flash storage and its Keystone storage-as-a-service offering. Chief Executive Officer George Kurian called fiscal 2026 “a landmark year” for the company, saying NetApp achieved record results across revenue, gross p...
NetApp (NASDAQ:NTAP) reported record fourth-quarter and fiscal 2026 results, with executives citing strong demand for artificial intelligence infrastructure, public cloud services, all-flash storage and its Keystone storage-as-a-service offering. Chief Executive Officer George Kurian called fiscal 2026 “a landmark year” for the company, saying NetApp achieved record results across revenue, gross profit, operating income, cash flow from operations and free cash flow. He said the company’s performance was supported by fourth-quarter customer demand and demonstrated its ability to benefit from “the accelerating adoption of enterprise AI and cloud.” “NetApp stands at the forefront of a transformative era driven by rapid AI adoption and explosive cloud growth,” Kurian said, emphasizing the company’s positioning in hybrid cloud and intelligent data infrastructure. Quarterly Revenue and Earnings Top Guidance Chief Financial Officer Wissam Jabre said NetApp delivered fiscal fourth-quarter revenue of $1.95 billion, up 12% year-over-year and 14% sequentially. Excluding the divested Spot by NetApp business, which generated $9 million in the year-ago quarter, revenue grew 13% year-over-year. Jabre said revenue was up 10% year-over-year excluding foreign exchange effects. Non-GAAP earnings per share were $2.43, up 26% from the prior year and above the high end of the company’s guidance range. Jabre said the quarter marked NetApp’s 10th consecutive quarter of year-over-year revenue growth. Hybrid cloud revenue was $1.77 billion, up 13% year-over-year. Product revenue increased 14% to $966 million, which Jabre attributed in part to the execution of a multi-year agreement with Google Cloud to deliver secure, AI-ready data infrastructure to Google Distributed Cloud environments. Support revenue rose 10% to $688 million, partly driven by a one-time item, while professional services revenue grew 14% to $112 million, mainly due to growth in Keystone. Public cloud revenue was $182 milli...
sankai/iStock via Getty Images Introduction Despite ongoing energy price volatility, the State Street SPDR Portfolio Developed World ex-US ETF ( SPDW ) has managed to outperform the S&P 500 in 2026, building on the impressive gains achieved in 2025. The returns come principally as a result of higher forward earnings expectations, a change from the weak U.S. dollar theme that drove gains in 2025, a...
sankai/iStock via Getty Images Introduction Despite ongoing energy price volatility, the State Street SPDR Portfolio Developed World ex-US ETF ( SPDW ) has managed to outperform the S&P 500 in 2026, building on the impressive gains achieved in 2025. The returns come principally as a result of higher forward earnings expectations, a change from the weak U.S. dollar theme that drove gains in 2025, as discussed in my prior coverage of SPDW . I remain bullish on SPDW, confirming my previous Buy rating on the ETF. My investment thesis can be briefly summarized as: SPDW holdings offer greater diversification across both individual companies and national economies, with just 13% of ETF assets allocated to the top ten largest positions. SPDW holdings remain notably cheaper relative to the S&P 500, regardless of whether we look at current or forward earnings. This should allow the SPDW ETF to deliver a circa 8.4% total return over the long term, with current income in the form of dividends accounting for roughly 35% of gains. For readers not familiar with SPDW, the ETF Overview section in my prior SPDW article provides a good overview. The only major change I would highlight is the increased weight of South Korea in SPDW, which now accounts for almost 10% of ETF assets, more than double the circa 4% weight it had in April 2025, with recent gains driven by AI beneficiaries such as Samsung Electronics ( SSNLF ) and SK Hynix ( HXSCL ). As I will discuss in the next section, however, SPDW remains a well-diversified ETF despite increased exposure to AI stocks in recent months. Diversification Benefits SPDW is well-diversified, with a portfolio of some 2,452 individual stocks . As such, the ETF's top ten holdings account for only 13% of SPDW assets, reducing company-specific idiosyncratic risk. Case in point, after recent AI-driven gains, the S&P 500 has roughly 39% allocated in its top ten positions , highlighting the diversification benefits of international stocks. Being an int...