Explore the exciting world of Deckers Outdoor (NYSE: DECK) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of April 8, 2026. The video was published on May 26, 2026. Continue reading
Explore the exciting world of Deckers Outdoor (NYSE: DECK) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of April 8, 2026. The video was published on May 26, 2026. Continue reading
Earnings Call Insights: Transcat (TRNS) Q4 fiscal 2026 Management view CEO Jaime Irick said, "The strategy is working, and we are going to keep executing and accelerating against our 4 clear strategic imperatives: high single-digit service organic revenue growth, service gross margin expansion, strategic M&A and rentals growth." Irick highlighted Q4 growth and profitability, saying, "Consolidated ...
Earnings Call Insights: Transcat (TRNS) Q4 fiscal 2026 Management view CEO Jaime Irick said, "The strategy is working, and we are going to keep executing and accelerating against our 4 clear strategic imperatives: high single-digit service organic revenue growth, service gross margin expansion, strategic M&A and rentals growth." Irick highlighted Q4 growth and profitability, saying, "Consolidated revenue was up 16% to $89.3 million" and "adjusted EBITDA grew 16% in the fiscal fourth quarter," adding that "we believe Transcat gained market share in the calibration services market during fiscal 2026." Irick tied M&A to geographic expansion, saying, "The recent acquisition of SCM Metrology and Laboratories... establishes Transcat's first operational presence in Latin America," and added, "You can expect us to continue to complement our Service's organic growth with strategic M&A." CFO Thomas Barbato emphasized segment drivers, saying, "Fourth quarter consolidated revenue of $89.3 million was up 16%" and "Service revenue in the fourth quarter grew 18% with organic growth of 7%," while "Distribution... grew 11%, driven by strong performance in our rental channel and also strong product sales." Barbato detailed profitability and mix, saying, "consolidated gross margin expanding 50 basis points to 34.1%," "Service gross margins of 35.5%... improved sequentially by 670 basis points," and "Distribution segment gross margins of 31% expanded 280 basis points... driven by the favorable mix shift of our higher-margin rental offerings." Outlook Irick provided an early fiscal 2027 demand view, saying, "Given increased customer activity levels, solid retention and realization of new business wins, we expect to deliver a sequentially higher level of Service organic growth for fiscal first quarter," and added, "Strong first quarter performance will position us well to execute on high single-digit organic growth for the full year." In Q&A, Barbato addressed demand timing, saying, "it'...
VANCOUVER, British Columbia, May 26, 2026 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) announces its financial and operating results for the three months ended March 31, 2026 (“Q1 2026”). The Company also provides an operational update for Q1 2026 on the post commercial ramp up of the Madsen Mine (“Madsen”) located ...
VANCOUVER, British Columbia, May 26, 2026 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) announces its financial and operating results for the three months ended March 31, 2026 (“Q1 2026”). The Company also provides an operational update for Q1 2026 on the post commercial ramp up of the Madsen Mine (“Madsen”) located in the Red Lake mining district of Ontario. The Company will hold a webcast to discuss the results. Please refer to the webcast details provided near the end of this release for information on how to attend. All amounts are expressed in Canadian dollars (‘C$), unless otherwise indicated. Q1 2026 Highlights Produced 5,667 ounces of gold Sold 6,165 ounces of gold at an average realized gold price ( 2) of US$4,938 ( 1 ) of US$4,938 Revenue of $41.8 million generating $15.3 million of income from mine operations Adjusted net earnings ( 2) of $6.4 million, or $0.02 per basic share of $6.4 million, or $0.02 per basic share EBITDA ( 2) of $3.3 million and adjusted EBITDA ( 2) of $14.4 million was generated of $3.3 million and adjusted EBITDA of $14.4 million was generated Cash cost ( 2) US$2,594 (1 ) and all-in sustaining cost (“ AISC ”) ( 2) US$ 4,678 (1) US$2,594 and all-in sustaining cost (“ ”) US$ 4,678 Quarter end cash balance of approximately $35.9 million Financial key results for three months ended March 31, 2026 (expressed in thousands of Canadian dollars, unless otherwise stated) Operating Statistics Units For the three months ended, March 31, 2026 Gold produced ounces 5,667 Gold sold ounces 6,165 Average realized gold price(1) US$/ounce 4,938 Financial Information Gold revenue $ 41,755 Income from mining operations $ 15,289 Operating margin % 37% EBITDA(2) $ 3,285 Adjusted EBITDA(2) $ 14,398 Adjusted net earnings(2) $ 6,376 Adjusted earnings per share – basic(2) $ 0.02 Sustaining capital(2) $ 15,365 Growth capital(2) $ 3,612 Cash cost per gold ounce sold(1),(2) US$/ounc...
Earnings Call Insights: Box (BOX) Q1 FY 2027 Management View Box reported a Q1 start that CEO Aaron Levie framed as demand for its higher-tier suite and AI roadmap, saying, "We had a very strong start to FY '27, reflecting continued adoption of our intelligent workflow solutions with Enterprise Advanced and the Box AI platform." Levie highlighted what the company characterized as a growth inflecti...
Earnings Call Insights: Box (BOX) Q1 FY 2027 Management View Box reported a Q1 start that CEO Aaron Levie framed as demand for its higher-tier suite and AI roadmap, saying, "We had a very strong start to FY '27, reflecting continued adoption of our intelligent workflow solutions with Enterprise Advanced and the Box AI platform." Levie highlighted what the company characterized as a growth inflection, stating, "In Q1, we delivered our first double-digit year-over-year revenue growth rate in over 12 quarters," alongside, "Revenue growth of 11% year-over-year or 10% in constant currency, billings growth of 5% year-over-year or 13% in constant currency and operating margins of 28%, all exceeded our guidance." Levie tied enterprise upsell momentum to the premium pricing of the new suite, saying, "Enterprise Advanced also continues to capture a price premium of 30% to 40% over Enterprise Plus," and added, "Box is increasingly being deployed as the platform for enterprises to securely manage their unstructured data for AI agents." Levie emphasized product delivery and partner ecosystem expansion, including, "In Q1, we had another quarter of great execution on our product road map, delivering both the new Box Agent and Box Automate," and, "we announced the general availability of Box Automate," which he called "one of our biggest releases yet." CFO Dylan Smith described demand and capital returns as central financial themes, stating, "Q1 was a very strong start to the year, highlighted by record Q1 bookings," and added, "We have made significant progress against the financial strategy we outlined in March at our Financial Analyst Day." Outlook CFO Dylan Smith guided Q2 revenue to about $319M and Q2 EPS to about $0.39, stating, "We expect Q2 revenue to be approximately $319 million," and, "We expect our Q2 EPS to be approximately $0.39," while noting FX impacts, "This includes an expected headwind of approximately 170 basis points from FX" and "an expected headwind from FX o...
No-Mad/iStock via Getty Images California Resources Corp. ( CRC ) said Tuesday it achieved the first carbon dioxide injection at its Carbon TerraVault I carbon capture and storage project at the company's Elk Hills field in Kern County. CTV I is California's first operational CCS project, establishing a market for storing CO2 from industrial sources and placing California Resources ( CRC ) among a...
No-Mad/iStock via Getty Images California Resources Corp. ( CRC ) said Tuesday it achieved the first carbon dioxide injection at its Carbon TerraVault I carbon capture and storage project at the company's Elk Hills field in Kern County. CTV I is California's first operational CCS project, establishing a market for storing CO2 from industrial sources and placing California Resources ( CRC ) among a small group of operators globally that have advanced CCS projects from concept to operation. The project sources CO2 from the company's cryogenic gas plant and leverages existing infrastructure at a depleted oil and natural gas reservoir designed to safely and permanently store captured CO2 more than a mile underground. CTV I-26R is the first reservoir in California to receive final Class VI permits from the U.S. Environmental Protection Agency and is part of the Carbon TerraVault 51-49 joint venture between California Resources ( CRC ) and Brookfield, focused on developing infrastructure and storage assets for CCS projects in the state. Beyond CTV I-26R, California Resources ( CRC ) said it has submitted eight additional CTV storage reservoirs for EPA Class VI permitting, representing ~352M metric tons of total potential CO2 storage capacity to be built around California in the years ahead. More on California Resources California Resources Corp. Presents at 2026 NYSE Investor Access Day-Spring Energy & Utilities - Slideshow California Resources Boosted By Rising Brent-WTI Spread California Resources' Lofty Share Price Is Justified
Meta’s artificial intelligence overhaul is now hitting one of the country’s largest tech corridors, with the Facebook parent company preparing to cut nearly 1,400 workers across Washington state. New filings submitted to Washington state officials show Meta will begin terminating employees in Seattle, Bellevue, Redmond and remote positions starting July 22 as the company restructures operations ar...
Meta’s artificial intelligence overhaul is now hitting one of the country’s largest tech corridors, with the Facebook parent company preparing to cut nearly 1,400 workers across Washington state. New filings submitted to Washington state officials show Meta will begin terminating employees in Seattle, Bellevue, Redmond and remote positions starting July 22 as the company restructures operations around AI initiatives. The filings provide one of the clearest looks yet at how Meta’s broader workforce overhaul is affecting employees on the ground after the company announced plans last week to eliminate roughly 10% of its workforce while shifting thousands of workers into AI-focused roles. META THREATENS TO PULL FACEBOOK AND INSTAGRAM FROM NEW MEXICO OVER CHILD SAFETY TRIAL REQUIREMENTS Bellevue will take the largest hit, with 699 workers affected, according to the WARN notice filed Friday with the Washington State Employment Security Department. The cuts also include 259 employees across two Seattle offices, 206 workers in Redmond and another 231 remote employees statewide. The layoffs affect a broad range of positions, including software engineers, data scientists, content designers and IT staff, underscoring how deeply Meta’s restructuring effort is reaching into its technical workforce. "The changes we are implementing vary by team and include layoffs, open role closures, and moving thousands of employees to business critical priorities across the company," a spokesperson for Meta said in a statement shared with FOX Business. ZUCKERBERG SAYS META LAYOFFS TIED TO AI SPENDING, WON'T RULE OUT FUTURE CUTS Meta has emerged as one of Silicon Valley’s biggest spenders in the AI race, committing billions toward data centers, advanced chips and internal AI tools as competition intensifies with OpenAI, Microsoft and Google. CEO Mark Zuckerberg has increasingly positioned artificial intelligence as central to the company’s future business strategy, while Meta simultaneously red...
Every year I read through thousands of Startup Battlefield applications. And every year, I see the same pattern: The founders who belong on this stage are often the ones who almost didn’t apply. They think they’re too early. They think they need more traction. They think the program is for companies further along than they are. So here’s what we’re actually looking for and how to make sure your ap...
Every year I read through thousands of Startup Battlefield applications. And every year, I see the same pattern: The founders who belong on this stage are often the ones who almost didn’t apply. They think they’re too early. They think they need more traction. They think the program is for companies further along than they are. So here’s what we’re actually looking for and how to make sure your application reflects it. The deadline to be considered is May 27, which is tomorrow — time is running out for you to apply right here! And if you’re not up to speed on this year’s Startup Battlefield details, it’s once again a premiere part of TechCrunch Disrupt, which will be in San Francisco October 13-15 and concludes with the crowning of this year’s future champion. And that list of champions includes some incredible companies, from giants like Cloudflare and Discord, to the most recent crop of winners, who you can learn about in detail right here. What gets a company selected for Startup Battlefield Startup Battlefield is not a competition for the most polished companies. It never has been. It’s a competition for the most promising ones. We’re looking for companies with ideas that feel meaningfully different and category-defining, with the potential to make a major impact in their industry or geography. For every application, the question we ask is simple: Does this change something? Not incrementally. Genuinely. Product and disruption. What are you building, and does it represent a real shift in how something works? We’re not looking for a better version of what already exists. We’re looking for the thing that makes the existing version feel obsolete. The founding team. Why you, why now, why this problem? Your origin story is part of the application. The founders who can articulate their conviction clearly, not just their market size, are the ones who stand out. Industry and geographic diversity. The Startup Battlefield 200 is a global cohort. We actively look for compa...
Volvo Cars reached an agreement with the Trump administration that exempts the automaker from a U.S. crackdown on Chinese-connected vehicle technology. The Swedish automaker, which is majority owned by China’s Geely Holding, said Tuesday that it received specific authorization from the U.S. Department of Commerce to continue importing and selling vehicles with Chinese connected car technology in t...
Volvo Cars reached an agreement with the Trump administration that exempts the automaker from a U.S. crackdown on Chinese-connected vehicle technology. The Swedish automaker, which is majority owned by China’s Geely Holding, said Tuesday that it received specific authorization from the U.S. Department of Commerce to continue importing and selling vehicles with Chinese connected car technology in the United States. Connected car tech involves the software that covers everything from syncing with phones to some automated driving features. Bloomberg was first to report the special authorization. Volvo was banned under rules finalized by the Biden administration in January 2025 that blocked vehicles equipped with software and hardware developed and maintained by Chinese companies over national security concerns. The rules kicked off with 2027 model-year vehicles equipped with software developed and maintained by Chinese companies. Another ban that prohibits the import of vehicle connected hardware begins with 2030 model-year vehicles. Volvo vehicles are primarily made in Sweden and imported to the United States, with the exception of the EX90, which is assembled at the company’s factory in South Carolina. But Volvo’s ties to China’s Geely — and its manufacturing operations in the country — meant it would be banned under the new rules. Volvo said the approval followed “constructive discussions” with the Commerce department and other U.S. officials regarding the company’s governance, technology, and data security. The automaker said it can now move forward with its expansion plans in the United States. The automaker announced in September 2025 plans to bring two additional vehicles — the XC60 mid-size SUV and a new hybrid vehicle — into production at the South Carolina factory. In March, Volvo said it will also bring all production of the Polestar 3, an EV from its sister company Polestar, to the U.S. factory. The Polestar 3 is currently also produced in Chengdu, China. T...
Volvo Cars reached an agreement with the Trump administration that exempts the automaker from a U.S. crackdown on Chinese-connected vehicle technology. The Swedish automaker, which is majority owned by China’s Geely Holding, said Tuesday that it received specific authorization from the U.S. Department of Commerce to continue importing and selling vehicles with Chinese connected car technology in t...
Volvo Cars reached an agreement with the Trump administration that exempts the automaker from a U.S. crackdown on Chinese-connected vehicle technology. The Swedish automaker, which is majority owned by China’s Geely Holding, said Tuesday that it received specific authorization from the U.S. Department of Commerce to continue importing and selling vehicles with Chinese connected car technology in the United States. Connected car tech involves the software that covers everything from syncing with phones to some automated driving features. Bloomberg was first to report the special authorization. Volvo was banned under rules finalized by the Biden administration in January 2025 that blocked vehicles equipped with software and hardware developed and maintained by Chinese companies over national security concerns. The rules kicked off with 2027 model-year vehicles equipped with software developed and maintained by Chinese companies. Another ban that prohibits the import of vehicle connected hardware begins with 2030 model-year vehicles. Volvo vehicles are primarily made in Sweden and imported to the United States, with the exception of the EX90, which is assembled at the company’s factory in South Carolina. But Volvo’s ties to China’s Geely — and its manufacturing operations in the country — meant it would be banned under the new rules. Volvo said the approval followed “constructive discussions” with the Commerce department and other U.S. officials regarding the company’s governance, technology, and data security. The automaker said it can now move forward with its expansion plans in the United States. The automaker announced in September 2025 plans to bring two additional vehicles — the XC60 mid-size SUV and a new hybrid vehicle — into production at the South Carolina factory. In March, Volvo said it will also bring all production of the Polestar 3, an EV from its sister company Polestar, to the U.S. factory. The Polestar 3 is currently also produced in Chengdu, China. T...
Meta’s artificial intelligence overhaul is now hitting one of the country’s largest tech corridors, with the Facebook parent company preparing to cut nearly 1,400 workers across Washington state. New filings submitted to Washington state officials show Meta will begin terminating employees in Seattle, Bellevue, Redmond and remote positions starting July 22 as the company restructures operations ar...
Meta’s artificial intelligence overhaul is now hitting one of the country’s largest tech corridors, with the Facebook parent company preparing to cut nearly 1,400 workers across Washington state. New filings submitted to Washington state officials show Meta will begin terminating employees in Seattle, Bellevue, Redmond and remote positions starting July 22 as the company restructures operations around AI initiatives. The filings provide one of the clearest looks yet at how Meta’s broader workforce overhaul is affecting employees on the ground after the company announced plans last week to eliminate roughly 10% of its workforce while shifting thousands of workers into AI-focused roles. META THREATENS TO PULL FACEBOOK AND INSTAGRAM FROM NEW MEXICO OVER CHILD SAFETY TRIAL REQUIREMENTS Bellevue will take the largest hit, with 699 workers affected, according to the WARN notice filed Friday with the Washington State Employment Security Department. The cuts also include 259 employees across two Seattle offices, 206 workers in Redmond and another 231 remote employees statewide. The layoffs affect a broad range of positions, including software engineers, data scientists, content designers and IT staff, underscoring how deeply Meta’s restructuring effort is reaching into its technical workforce. "The changes we are implementing vary by team and include layoffs, open role closures, and moving thousands of employees to business critical priorities across the company," a spokesperson for Meta said in a statement shared with FOX Business. ZUCKERBERG SAYS META LAYOFFS TIED TO AI SPENDING, WON'T RULE OUT FUTURE CUTS Meta has emerged as one of Silicon Valley’s biggest spenders in the AI race, committing billions toward data centers, advanced chips and internal AI tools as competition intensifies with OpenAI, Microsoft and Google. CEO Mark Zuckerberg has increasingly positioned artificial intelligence as central to the company’s future business strategy, while Meta simultaneously red...
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STORY: It was a mostly upbeat Tuesday on Wall Street, despite a slight move downward for the Dow. The S&P 500 climbed about six-tenths of a percent and the tech-heavy Nasdaq added roughly 1.2%, with both indexes closing at record highs. AI-fueled optimism offset concerns over Middle East peace talks, which were compounded by recent U.S. strikes on Iran. :: Micron Semiconductor stocks continued to ...
STORY: It was a mostly upbeat Tuesday on Wall Street, despite a slight move downward for the Dow. The S&P 500 climbed about six-tenths of a percent and the tech-heavy Nasdaq added roughly 1.2%, with both indexes closing at record highs. AI-fueled optimism offset concerns over Middle East peace talks, which were compounded by recent U.S. strikes on Iran. :: Micron Semiconductor stocks continued to lead the charge, with Micron Technology soaring 19%, hitting $1 trillion in market value for the first time after UBS more than tripled its price target on the stock. But Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, finds the narrowness of market gains concerning. "Just to paint a picture of the contrast in the markets from pre-Iran conflict to post, if you look through the market for the first couple of months this year, 65% of companies were outperforming the index. Since the conflict commenced at the end of February, just 24% of companies are outperforming the S&P 500. [FLASH] Any time you see a market that becomes more narrow, as a portfolio manager, as an investor, you start to question the longevity and resilience of that market." Sticking with chip makers, shares of Qualcomm rose almost 4.5% after Bloomberg News reported the company reached a deal with TikTok owner ByteDance to supply chips. Elsewhere in the market, shares of AutoZone tumbled nearly 9% - despite the company reporting quarterly profit and revenue that beat estimates - as higher costs and inventory investments continued to pressure margins.
Frank Lampard has been named the League Managers Association manager of the year after guiding Coventry back to the Premier League. Lampard's Sky Blues finished 11 points clear at the top of the Championship to clinch the title and return to the top flight for the first time since the 2000-01 season. The former England midfielder, who has previously managed Derby, Everton and had two spells in cha...
Frank Lampard has been named the League Managers Association manager of the year after guiding Coventry back to the Premier League. Lampard's Sky Blues finished 11 points clear at the top of the Championship to clinch the title and return to the top flight for the first time since the 2000-01 season. The former England midfielder, who has previously managed Derby, Everton and had two spells in charge at Chelsea, was presented with the Sir Alex Ferguson award by England manager Thomas Tuchel. The award, named after the former Manchester United manager, is voted for by managers throughout the leagues and takes into account success and the resources available. Tuchel read out a letter from Ferguson, who said Lampard's Coventry play "great football with confidence and belief". "I have enjoyed watching you. Best of luck in the Premier League next season," he added. Brentford's Keith Andrews, Arsenal's Mikel Arteta, Aston Villa's Unai Emery, Bournemouth's Andoni Iraola, Manchester City's Pep Guardiola, Lincoln City's Michael Skubala and Bromley's Andy Woodman were also shortlisted. Manchester City's Andree Jeglertz won the Women's Super League award after leading them to the title. Arteta, who led Arsenal to their first Premier League title in 22 years, won the Premier League award while Lampard also took the Championship equivalent. Skubala, who won League One with Lincoln, took the award for the third tier and Woodham won the League Two award after he led Bromley to the title. The WSL2 award was taken by Karen Hills, who led Charlton to the WSL for the first time. Steve Bruce and Martin O'Neill were inducted into the Hall of Fame after each reaching 1,000 games as a manager. The award for Lampard is the most significant individual honour in his coaching career. His Derby side lost in the Championship play-off final in 2019 and he was then appointed at former club Chelsea, where he spent 13 years as a player. He was sacked after 18 months in charge in 2021 but later retu...
Gaza flotilla activists deported from Israel as backlash over treatment grows A video showing a far-right Israeli minister taunting activists who were kneeling with their hands tied behind their backs has been widely condemned.
Gaza flotilla activists deported from Israel as backlash over treatment grows A video showing a far-right Israeli minister taunting activists who were kneeling with their hands tied behind their backs has been widely condemned.
Hezbollah Chief Naim Qassem Targeted Twice In Recent Israeli Assassination Ops The single biggest, and most historic development out of Lebanon in recent years was the Israeli assassination of longtime Hezbollah Secretary General Hassan Nasrallah on September 27, 2024, via massive bunker-busting airstrikes on his underground location in south Beirut. Since then, Hezbollah's leadership has been gre...
Hezbollah Chief Naim Qassem Targeted Twice In Recent Israeli Assassination Ops The single biggest, and most historic development out of Lebanon in recent years was the Israeli assassination of longtime Hezbollah Secretary General Hassan Nasrallah on September 27, 2024, via massive bunker-busting airstrikes on his underground location in south Beirut. Since then, Hezbollah's leadership has been greatly degraded, also given the widescale pager explosion attacks. To fill the leadership vacuum, a co-founder of Hezbollah, and its first deputy secretary-general who had long assisted Nasrallah, Naim Qassem , stepped in as new Secretary-General. via the Long War Journal But now, Israel is once again trying to accomplish a 'decapitation strike' - reportedly having targeted Qassem in at least two recent operations thus far . Jerusalem Post writes Tuesday that " Israel has attempted to target Hezbollah Secretary-General Naim Qassem at least twice in recent weeks , Saudi outlet Al Hadath reported on Monday, citing an anonymous Israeli source." "The report came shortly after Prime Minister Benjamin Netanyahu’s announcement that he had instructed the IDF to intensify attacks against the terrorist organization," JPost continues. Crowds have especially fleeing Beirut's Dahiya district following the announcement of the escalation. Since Gaza war began, this district has been hit many times. It seems that Israel suspects he's in this area, and historic Hezbollah stronghold. Monday saw expanded attacks across Lebanon, including Tyre, and Bekaa Valley, and the pace of airstrikes is expected to ramp up. Al Jazeera earlier cited the Israeli army, which indicated that : More than 70 Hezbollah infrastructure sites across the country were hit Monday, some 10 headquarters and weapons depots in the Tyre area were struck, and an unspecified number of Hezbollah fighters on motorcycles were killed or wounded in the south. And now... NETANYAHU SAYS ISRAELI MILITARY OPERATING WITH 'LARGE FORCES ON...
The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.61%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.76%. June E-mini S&P futures (ESM26) rose +0.61%, and June E-mini Nasdaq futures (NQM26) rose +1.72%. Stock indexes settled mostly higher on Tuesday, with the S&P 500 and Nasdaq 100 posting new all-time highs. Stocks foun...
The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.61%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.76%. June E-mini S&P futures (ESM26) rose +0.61%, and June E-mini Nasdaq futures (NQM26) rose +1.72%. Stock indexes settled mostly higher on Tuesday, with the S&P 500 and Nasdaq 100 posting new all-time highs. Stocks found support as a drop in crude oil prices and bond yields fueled a rally in technology stocks after officials signaled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. According to the Washington Post, the US and Iran have developed a memorandum that would extend the ceasefire by 60 days as the two sides seek a permanent deal, and if agreed, the Strait of Hormuz would be de-mined and reopened in the meantime. Secretary of State Rubio said negotiations will still "take a few days" as both sides discuss language in an initial document. WTI crude oil fell to a 2.5-week low on Tuesday, and the 10-year T-note yield fell to a 1.5-week low of 4.47%. Join 200K+ Subscribers: However, stock index futures were undercut after the US Central Command said US forces struck Iranian missile-launch sites and boats trying to place mines in the Strait of Hormuz. Also, weakness in health insurance stocks and energy producers on Tuesday knocked the Dow Jones Industrial Average into negative territory. Tuesday’s US economic news was mixed for stocks. The Apr Chicago Fed National Activity Index rose +0.29 to a 13-month high of 0.14, stronger than expectations of -0.03. Also, the Mar S&P Composite-20 home price index rose +0.83% y/y, a smaller increase than the +0.90% y/y expected and the smallest year-on-year gain in more than 2.5 years. In addition, the Conference Board US May consumer confidence index fell -0.7 to 93.1, a smaller decline than expectations of 92.0. WTI crude oil prices (CLM26) remain extremely volatile and are susceptible to headlines from t...
Panama’s foreign minister used a United Nations Security Council debate on Tuesday to call for dialogue over confrontation, saying his country was “born to connect oceans, continents, cultures and economies” in a speech delivered before an assembly chaired by China’s top diplomat, Wang Yi , as the two countries navigate their worst bilateral crisis since establishing ties in 2017. China holds the ...
Panama’s foreign minister used a United Nations Security Council debate on Tuesday to call for dialogue over confrontation, saying his country was “born to connect oceans, continents, cultures and economies” in a speech delivered before an assembly chaired by China’s top diplomat, Wang Yi , as the two countries navigate their worst bilateral crisis since establishing ties in 2017. China holds the rotating presidency of the Security Council in May and convened a high-level open debate on Tuesday to uphold the UN Charter and strengthen the multilateral system, which Wang said included more than 20 countries. Wang, who travelled to New York to lead the session, used a separate press conference to take a veiled swipe at Washington , warning that “the purposes of the UN Charter have been disregarded” and that world peace was “in great jeopardy”, without naming the United States or President Donald Trump . He did not take questions on Panama. Advertisement Panama’s Javier Martinez-Acha struck a similar register from the podium. “Dialogue is not a sign of weakness. It is the highest form of trust in reason, in diplomacy, and in the ability of human beings to find peaceful settlements to disputes,” Panama’s foreign minister told the council. Advertisement Martinez-Acha also defended what he called “useful multilateralism”, one “not measured solely by the number of resolutions adopted, but by its capacity to prevent conflicts, protect lives and offer concrete answers to the challenges of our peoples”.