Last year, the first few months of data from the US grid suggested that fears of a data-center-driven surge in demand were becoming a reality. Demand had risen by about 3 percent, triggering a surge in coal , interrupting what had been a long downward trend. But over the course of the year, both trends slowed considerably . A year later, all of that seems to be in the past, as the US has returned ...
Last year, the first few months of data from the US grid suggested that fears of a data-center-driven surge in demand were becoming a reality. Demand had risen by about 3 percent, triggering a surge in coal , interrupting what had been a long downward trend. But over the course of the year, both trends slowed considerably . A year later, all of that seems to be in the past, as the US has returned to its normal pattern: slow growth, with renewables pushing coal off the grid. The one oddity is that hydroelectric production has surged without a corresponding increase in capacity, likely due to unusually warm weather in the western US causing the snowpack to melt early. That may have consequences later in the year. Pushing fossil fuels out Overall demand in the US grew by only 1.5 percent in the first quarter of 2026 compared to the same period the year before. Often, changes in demand during this part of the year are driven by weather-related heating demand. But the US had an unusual combination set of weather conditions to start 2026, with the western half baking in unseasonal warm temperatures, while the eastern half suffered a deep freeze. So we'll probably need data from more of the year before we read too much into the small rise in demand we've seen so far. Read full article Comments
yuelan/iStock Editorial via Getty Images Julius Bär Gruppe ( JBAXY ) ( JBARF ) was upgraded to Buy from Neutral at Citi Research. "Julius Bär shares de-rated slightly following FY25 results, on the back of guidance that progression for improving net new money and profitability would be more gradual than the market hoped," said Citi analysts in a research note. "Yes, the outlook for flows this year...
yuelan/iStock Editorial via Getty Images Julius Bär Gruppe ( JBAXY ) ( JBARF ) was upgraded to Buy from Neutral at Citi Research. "Julius Bär shares de-rated slightly following FY25 results, on the back of guidance that progression for improving net new money and profitability would be more gradual than the market hoped," said Citi analysts in a research note. "Yes, the outlook for flows this year is weaker-than-anticipated, but that would be expected, given 1) a lack of releveraging and 2) a slow-down of the contribution from the Middle East, which had been a growth driver in recent years," said the note. "However, we would expect Asia to increasingly pick some of that slack (supported by significant IPO activity) and also came away reassured by management's strong commitment to the 4-5% target, given it is on track on expansion of product range and capabilities as well as frontline enablement," said the analysts. Citi's rating aligns with the average sell-side analyst rating of Buy. Seeking Alpha's Quant Rating system grades the stock as Strong Buy. More on Julius Baer Seeking Alpha’s Quant Rating on Julius Baer Historical earnings data for Julius Baer Dividend scorecard for Julius Baer Financial information for Julius Baer
Jeff Swensen/Getty Images News Alcoa ( AA ) up 8% in Friday's trading as UBS upgrades the aluminum producer to Buy from Neutral with an $80 price target, raised from $75, believing smelter outages due to the protracted conflict in the Middle East will more than offset near-term demand risk, resulting in "stronger for longer" aluminum prices and premiums. UBS analyst Daniel Major expects more than ...
Jeff Swensen/Getty Images News Alcoa ( AA ) up 8% in Friday's trading as UBS upgrades the aluminum producer to Buy from Neutral with an $80 price target, raised from $75, believing smelter outages due to the protracted conflict in the Middle East will more than offset near-term demand risk, resulting in "stronger for longer" aluminum prices and premiums. UBS analyst Daniel Major expects more than 3M tons of Middle East supply disruption to more than offset lower-for-longer alumina prices, resulting in deficits that are likely to support higher aluminum prices and premiums over the next year or two, regardless of when flows resume through the Strait of Hormuz. Using conservative LME prices, the analyst forecasts sequentially higher EBITDA and free cash flow in Q2 and sees upside to 2027 consensus estimates and sustained free cash flow and potential divestments to drive net debt reduction to well below Alcoa's ( AA ) $1B-$1.5B target range, opening the door for buybacks in H2 2026 that will act as a positive catalyst. Major views Alcoa's ( AA ) valuation as attractive at ~4.5x estimated 2027 EV/EBITDA and says sustainable LME prices and premiums and a step-up in cash returns will drive a re-rating for the shares. More on Alcoa Alcoa Presents at Bank of America Global Metals, Mining & Steel Conference 2026 - Slideshow Alcoa Can See Tailwinds Driven By Geopolitical Risk Alcoa Has A Lot Going For It That Justifies Further Upside
Shares of Arm Holdings (ARM +2.64%) were moving higher for the second day in a row as investors continued to react positively to Nvidia's affirmation of the CPU boom in its earnings call on Wednesday. The chip giant called out a $200 billion addressable market for CPUs and forecast $20 billion in revenue from its Vera CPU, which complements the new Rubin GPU. As of 11:50 a.m. ET, the stock was up ...
Shares of Arm Holdings (ARM +2.64%) were moving higher for the second day in a row as investors continued to react positively to Nvidia's affirmation of the CPU boom in its earnings call on Wednesday. The chip giant called out a $200 billion addressable market for CPUs and forecast $20 billion in revenue from its Vera CPU, which complements the new Rubin GPU. As of 11:50 a.m. ET, the stock was up 3.1% on the news, after gaining as much as 5.6% earlier in the session. Other CPU stocks like Intel and AMD were up on the news as well. Arm climbs again There was no additional news out on the stock today, but Arm could be the biggest winner from Nvidia's forecast and emerging CPU business. Arm is a pure-play CPU stock. Currently, it makes its money by licensing CPUs and collecting royalties. Investors cheered when the company announced that it was making its own chip for the first time, launching the Arm AGI CPU. The company forecast the chip would bring in $15 billion in annual revenue by fiscal 2031, and called for $25 billion in total annual revenue. The Vera CPU, which is licensed from Arm, could also be a significant opportunity for the company. Though its royalty rate has not been reported, a $20 billion product is likely to move the needle for Arm. Expand NASDAQ : ARM Arm Holdings Today's Change ( 2.64 %) $ 7.88 Current Price $ 306.12 Key Data Points Market Cap $317B Day's Range $ 288.35 - $ 315.00 52wk Range $ 100.02 - $ 315.00 Volume 522.6K Avg Vol 8.6M Gross Margin 94.08 % What's next for Arm Arm is now trading at a sky-high valuation with a price-to-sales ratio of 65. However, that doesn't seem unreasonable considering where the company is headed and its competitive advantages in its CPU architecture, which is more power-efficient than the competing x86 platform that Intel and AMD use. Arm's forecast for its own CPU growth is likely conservative, and the company shared recently that demand was more than double the available supply. High expectations are baked i...
Key Points Arm gained for the second day in response to Nvidia's CPU forecast. Nvidia expects $20 billion in revenue this year from Vera CPU, which is licensed from Arm. Arm may be the best way to get exposure to the boom in the CPU market. 10 stocks we like better than Arm Holdings › Shares of Arm Holdings (NASDAQ: ARM) were moving higher for the second day in a row as investors continued to reac...
Key Points Arm gained for the second day in response to Nvidia's CPU forecast. Nvidia expects $20 billion in revenue this year from Vera CPU, which is licensed from Arm. Arm may be the best way to get exposure to the boom in the CPU market. 10 stocks we like better than Arm Holdings › Shares of Arm Holdings (NASDAQ: ARM) were moving higher for the second day in a row as investors continued to react positively to Nvidia's affirmation of the CPU boom in itsearnings callon Wednesday. The chip giant called out a $200 billion addressable market for CPUs and forecast $20 billion in revenue from its Vera CPU, which complements the new Rubin GPU. As of 11:50 a.m. ET, the stock was up 3.1% on the news, after gaining as much as 5.6% earlier in the session. Other CPU stocks like Intel and AMD were up on the news as well. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Arm climbs again There was no additional news out on the stock today, but Arm could be the biggest winner from Nvidia's forecast and emerging CPU business. Arm is a pure-play CPU stock. Currently, it makes its money by licensing CPUs and collecting royalties. Investors cheered when the company announced that it was making its own chip for the first time, launching the Arm AGI CPU. The company forecast the chip would bring in $15 billion in annual revenue by fiscal 2031, and called for $25 billion in total annual revenue. The Vera CPU, which is licensed from Arm, could also be a significant opportunity for the company. Though its royalty rate has not been reported, a $20 billion product is likely to move the needle for Arm. What's next for Arm Arm is now trading at a sky-high valuation with a price-to-sales ratio of 65. However, that doesn't seem unreasonable considering where the company is headed and its competitive advantages in its CPU archi...
It's hard to know what to make of NuScale Power (SMR +3.18%) stock at the moment. On one hand, the company has access to some of the biggest growth tailwinds the market currently offers. The company has the potential to directly benefit from the rapid rise of artificial intelligence (AI) technologies. Its nuclear technology is an ideal fit for meeting the growing energy demands of data center infr...
It's hard to know what to make of NuScale Power (SMR +3.18%) stock at the moment. On one hand, the company has access to some of the biggest growth tailwinds the market currently offers. The company has the potential to directly benefit from the rapid rise of artificial intelligence (AI) technologies. Its nuclear technology is an ideal fit for meeting the growing energy demands of data center infrastructure, which are vital to executing AI operations. Without added power supply, the AI industry will have trouble growing. NuScale Power's management team understands this dilemma and has positioned the company to benefit. Here's the other hand: NuScale has yet to successfully build and commercialize any of its nuclear-powered small modular reactors (SMRs). While the company has received critical regulatory approvals that allow it to begin construction, its business model is still largely theoretical. The same issue exists for demand -- there's clear interest as demonstrated by NuScale's project pipeline, but the company has faced repeated hurdles in actually financing and constructing these projects. NuScale's market cap is now below $4 billion -- a far cry from the multitrillion-dollar opportunity it's chasing. But risks abound. Is it worth investing in this high-risk, high-reward stock? The answer depends on one factor. Here's how to decide whether to invest in NuScale Power When considering an investment in NuScale, one critical factor should influence your decision: the timeline. NuScale already has approved SMR designs. It also has large projects both domestically and abroad that have received some level of government approval. The biggest hurdle to getting these projects underway right now relates to financing. The company's project in Romania, for example, is expected to cost between $6 billion and $7 billion, with the Romanian prime minister repeatedly cautioning that it could take some time to secure financing. And while ENTRA1 -- NuScale's execution partner f...
Key Points NuScale Power's business model has huge potential. Investors should be aware of the timeline and execution risks. 10 stocks we like better than NuScale Power › It's hard to know what to make of NuScale Power (NYSE: SMR) stock at the moment. On one hand, the company has access to some of the biggest growth tailwinds the market currently offers. The company has the potential to directly b...
Key Points NuScale Power's business model has huge potential. Investors should be aware of the timeline and execution risks. 10 stocks we like better than NuScale Power › It's hard to know what to make of NuScale Power (NYSE: SMR) stock at the moment. On one hand, the company has access to some of the biggest growth tailwinds the market currently offers. The company has the potential to directly benefit from the rapid rise of artificial intelligence (AI) technologies. Its nuclear technology is an ideal fit for meeting the growing energy demands of data center infrastructure, which are vital to executing AI operations. Without added power supply, the AI industry will have trouble growing. NuScale Power's management team understands this dilemma and has positioned the company to benefit. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Here's the other hand: NuScale has yet to successfully build and commercialize any of its nuclear-powered small modular reactors (SMRs). While the company has received critical regulatory approvals that allow it to begin construction, its business model is still largely theoretical. The same issue exists for demand -- there's clear interest as demonstrated by NuScale's project pipeline, but the company has faced repeated hurdles in actually financing and constructing these projects. NuScale's market cap is now below $4 billion -- a far cry from the multitrillion-dollar opportunity it's chasing. But risks abound. Is it worth investing in this high-risk, high-reward stock? The answer depends on one factor. Here's how to decide whether to invest in NuScale Power When considering an investment in NuScale, one critical factor should influence your decision: the timeline. NuScale already has approved SMR designs. It also has large projects both domestically and abroad that h...
The founder of a charity has asked Nigel Farage to apologise after the Reform UK leader and his entourage entered a cafe run by the charity unannounced in what she said was an “intimidating and overwhelming” manner, and allegedly took photographs and videos without permission. Farage was campaigning in Makerfield when he and his team stopped at a cafe run by the Hamlet Wigan CIC for a cup of tea a...
The founder of a charity has asked Nigel Farage to apologise after the Reform UK leader and his entourage entered a cafe run by the charity unannounced in what she said was an “intimidating and overwhelming” manner, and allegedly took photographs and videos without permission. Farage was campaigning in Makerfield when he and his team stopped at a cafe run by the Hamlet Wigan CIC for a cup of tea and to use the toilets. The cafe supports young adult trainees with additional needs. At the time, the cafe was holding a celebration for a dozen trainees who had attained their gold Duke of Edinburgh award. Andy Burnham, the mayor of Greater Manchester, who is running to be the MP for Makerfield, was present as a longtime supporter. In 2023, he gave a speech at the opening of the charity’s new buildings and said the Hamlet refers to him as “one of the family”. Gemma Crompton, the director of the charity, wrote to Farage saying: “While we have absolutely no issue with individuals from any political background visiting the Hamlet, the unannounced arrival of your campaign team, accompanied by a large entourage, security presence, and media crews, created an atmosphere that many of our trainees, families, staff and customers found intimidating and overwhelming.” She asked Farage to apologise and undertake that he and his team would not behave in a similar manner at any other charity premises during the campaign. Crompton wrote: “We are therefore requesting a formal apology regarding the way today’s visit was handled, alongside assurances that no other organisation supporting vulnerable people within the borough will experience a similar situation in future.” The Reform MP Lee Anderson was part of Farage’s group and said they visited the venue spontaneously for a “cuppa” and to use the toilet. He added: “I am confused as to why the lady sent the letter, as she sat with us talking to us all about the cafe and the challenges it faces. She then asked for a selfie with Rob and Nigel...
Director of National Intelligence (DNI) Tulsi Gabbard speaks during a press briefing, at the White House in Washington, D.C., U.S., July 23, 2025. Kent Nishimura | Reuters Tulsi Gabbard is resigning as President Donald Trump's director of national intelligence, MS NOW reported Friday, citing a White House official and a senior administration official. Gabbard told Trump during an Oval Office meeti...
Director of National Intelligence (DNI) Tulsi Gabbard speaks during a press briefing, at the White House in Washington, D.C., U.S., July 23, 2025. Kent Nishimura | Reuters Tulsi Gabbard is resigning as President Donald Trump's director of national intelligence, MS NOW reported Friday, citing a White House official and a senior administration official. Gabbard told Trump during an Oval Office meeting Friday that she would step down from his Cabinet, with her last day expected to be June 30, according to Fox News, which first reported the resignation. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Aryna Sabalenka insisted the player push for a greater financial contribution from the grand slams is primarily focused on improving the welfare of lower-ranked players as the world’s elite advanced with their eve-of-tournament protest at Roland Garros. “I feel like the whole point here, it’s not about me,” Sabalenka said. “It’s about the players who are lower in the ranking, who are suffering. It...
Aryna Sabalenka insisted the player push for a greater financial contribution from the grand slams is primarily focused on improving the welfare of lower-ranked players as the world’s elite advanced with their eve-of-tournament protest at Roland Garros. “I feel like the whole point here, it’s not about me,” Sabalenka said. “It’s about the players who are lower in the ranking, who are suffering. It’s not easy to live in this tennis world with that percentage that we are earning. “As the world No 1, I feel like I have to stand up and to fight for those players, for lower-level players, for players who are coming back after injuries, the upcoming generation. I feel like our point is pretty clear and pretty fair to everyone. That’s what we are all about.” The top players opted to escalate their frustrations with the grand slams during media day at Roland Garros by refusing to participate in all but the mandatory media interviews. Players usually allocate 60-90 minutes of their time for various interviews with broadcasters and written press, photoshoots and social media games, but the players planned to cap their media duties at 15 minutes, a symbolic figure chosen to represent the roughly 15% of average revenue allocated to player prize money by the grand slams. They agreed to split their time between a 10-minute press conference and a five-minute interview with the host broadcaster, their two mandatory duties. A number of top players have been in dispute with the grand slam tournaments for over a year after sending a signed letter requesting the grand slams to allocate more of their tournament revenues to prize money, contribute to player welfare initiatives, such as a pension, and to create a grand slam player council so that the players have a greater say in the event. The participants included the No 1s Sabalenka and Jannik Sinner, plus the top-10 players Iga Swiatek, Coco Gauff, Jessica Pegula, Mirra Andreeva, Félix Auger-Aliassime, Ben Shelton, Daniil Medvedev and...
is a London-based reporter at The Verge covering all things AI and a Senior Tarbell Fellow. Previously, he wrote about health, science and tech for Forbes. Posts from this author will be added to your daily email digest and your homepage feed. There is a harsh truth about Elon Musk’s “truth-seeking” AI chatbot Grok: It’s not very good, and not many people are using it. That’s the takeaway of a new...
is a London-based reporter at The Verge covering all things AI and a Senior Tarbell Fellow. Previously, he wrote about health, science and tech for Forbes. Posts from this author will be added to your daily email digest and your homepage feed. There is a harsh truth about Elon Musk’s “truth-seeking” AI chatbot Grok: It’s not very good, and not many people are using it. That’s the takeaway of a new Reuters report, which found that Grok barely appears in federal records of how the US government used AI last year. It’s not the only sign xAI’s signature chatbot is in trouble, even as Musk puts it at the heart of what could be the biggest IPO in history. Reuters reviewed more than 400 examples of government AI use where specific vendors were named. Grok or xAI, it found, appeared in only three — each of those for basic uses like document drafting or social media management, and always alongside competitors like Microsoft and OpenAI. OpenAI’s models, by comparison, appeared in more than 230 examples, while Google and Anthropic each appeared dozens of times. A similar pattern appeared in another database of more ambitious government AI projects with smaller numbers of users. Grok appeared just three times: twice for routine administrative tasks at the Election Assistance Commission, and once in a Department of Energy pilot at Lawrence Livermore National Laboratory for document summaries and general research. Reuters found 140 entries involving Microsoft and OpenAI, while my brief review found at least 10 entries for Anthropic and dozens for Google’s Gemini. The lists are an incomplete and patchy measure of government adoption. Many more examples are listed without a specific vendor, and it’s clear there is no universal definition of what counts as AI. The data also doesn’t capture intelligence agencies or the Pentagon — where xAI secured a $200 million contract last year and was recently cleared to operate on classified networks after Anthropic’s blacklisting. Still, it’s ...
The biggest winners from high oil prices are upstream oil and gas producers. U.S.-based producers, such as Diamondback Energy (FANG 0.75%), are doing quite well because the geopolitical conflict in the Middle East hasn't affected their operations. But the upstream will get hit when oil prices eventually fall. That's why long-term investors will appreciate midstream businesses like Energy Transfer ...
The biggest winners from high oil prices are upstream oil and gas producers. U.S.-based producers, such as Diamondback Energy (FANG 0.75%), are doing quite well because the geopolitical conflict in the Middle East hasn't affected their operations. But the upstream will get hit when oil prices eventually fall. That's why long-term investors will appreciate midstream businesses like Energy Transfer (ET 0.25%), Enterprise Products Partners (EPD 0.13%), and Kinder Morgan (KMI +0.42%). It doesn't matter if oil prices are high or low; these energy businesses win either way. The world's oil reserves are thinning out The world has an oil buffer to protect against short-term supply shocks. This helps oil markets function, but those reserves aren't meant to cover a long disruption, like the one caused by the current geopolitical conflict. The reserve was once 80 days of oil, but it's getting lower each day. U.S. midstream businesses couldn't care less about the global oil reserve right now. In fact, their businesses are booming. Expand NYSE : ET Energy Transfer Today's Change ( -0.25 %) $ -0.05 Current Price $ 19.96 Key Data Points Market Cap $69B Day's Range $ 19.92 - $ 20.18 52wk Range $ 16.18 - $ 20.70 Volume 220.1K Avg Vol 15.8M Gross Margin 11.57 % Dividend Yield 6.67 % The volume of energy Energy Transfer moved through its energy infrastructure system in the first quarter of 2026 rose across its business, year over year. The master limited partnership's (MLP's) distributable cash flow increased nearly 17% year over year. And management is so optimistic that it increased its full-year guidance. Energy Transfer isn't alone in its success. Expand NYSE : EPD Enterprise Products Partners Today's Change ( -0.13 %) $ -0.05 Current Price $ 39.42 Key Data Points Market Cap $85B Day's Range $ 39.26 - $ 39.71 52wk Range $ 30.01 - $ 40.16 Volume 49.5K Avg Vol 4.5M Gross Margin 13.45 % Dividend Yield 5.55 % Enterprise Products Partners saw record volumes across many of its divisions...
Get a jump start on the US trading day with Matt Miller on "Bloomberg Open Interest." Stocks ride AI optimism toward their longest winning streak since 2023, while hopes for a US and Iran peace deal lift markets. SpaceX delays a key Starship test after filing for a record IPO. Plus, Christopher Waller’s inflation warning, Axon’s AI push, the future of fintech, retail’s K-shaped economy, and Chrysl...
Get a jump start on the US trading day with Matt Miller on "Bloomberg Open Interest." Stocks ride AI optimism toward their longest winning streak since 2023, while hopes for a US and Iran peace deal lift markets. SpaceX delays a key Starship test after filing for a record IPO. Plus, Christopher Waller’s inflation warning, Axon’s AI push, the future of fintech, retail’s K-shaped economy, and Chrysler’s affordability pivot. (Source: Bloomberg)
Wedbush Securities has added Datadog Inc (NASDAQ:DDOG) and SK Hynix (KRX: 000660) to its closely watched IVES AI 30 list, citing the memory super-cycle and AI observability as two of the most compelling themes in the current phase of the artificial intelligence buildout. In a note to clients,...
Wedbush Securities has added Datadog Inc (NASDAQ:DDOG) and SK Hynix (KRX: 000660) to its closely watched IVES AI 30 list, citing the memory super-cycle and AI observability as two of the most compelling themes in the current phase of the artificial intelligence buildout. In a note to clients,...