Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
France’s former prime minister Gabriel Attal said on Friday he would run for president next year when Emmanuel Macron steps down, becoming the second prominent centrist to challenge the far-right. “I can’t take this kind of French politics anymore, where it’s just 50 shades of managing decline,” said the 37-year-old, who was France’s youngest prime minister when he served in 2024. He announced his...
France’s former prime minister Gabriel Attal said on Friday he would run for president next year when Emmanuel Macron steps down, becoming the second prominent centrist to challenge the far-right. “I can’t take this kind of French politics anymore, where it’s just 50 shades of managing decline,” said the 37-year-old, who was France’s youngest prime minister when he served in 2024. He announced his bid under a blazing sun in the southern village of Mur-de-Barrez – the kind of rural area where France’s centrists hope to strengthen their performance against the far-right National Rally (RN) party. General Secretary of French centrist party Renaissance Gabriel Attal (middle) has lunch with members of his team and supporters after announcing his candidacy for the 2027 presidential elections during a visit to the village of Mur-de-Barrez in southwestern France on Friday. Photo: AFP Attal joins a crowded field of candidates, including 55-year-old Edouard Philippe, an experienced centre-right former prime minister, and hard-left firebrand Jean-Luc Melenchon, 74. Advertisement The RN party is banking on its best chance yet at winning power next year, with either Marine Le Pen, or Jordan Bardella, 30, running for the country’s top job. The newest presidential candidate, an openly gay Parisian educated in top schools, made history when he became France’s youngest ever prime minister at the age of 34. Advertisement His meteoric rise in politics has drawn comparisons with Macron, who was 39 when he won the Elysee Palace in 2017, becoming France’s youngest head of state since Napoleon. Attal will turn 38 next March, just ahead of the presidential election scheduled for April.
Drive slower, go electric, don't drive at all? The best options for saving gas toggle caption Justin Sullivan/Getty Images North America The national average for a gallon of gasoline is $4.55, according to AAA; that's a four-year high, unwelcome news for drivers as the U.S. heads into one of the busiest travel weekends of the year. AAA estimates a record 45 million Americans will travel this weeke...
Drive slower, go electric, don't drive at all? The best options for saving gas toggle caption Justin Sullivan/Getty Images North America The national average for a gallon of gasoline is $4.55, according to AAA; that's a four-year high, unwelcome news for drivers as the U.S. heads into one of the busiest travel weekends of the year. AAA estimates a record 45 million Americans will travel this weekend, despite high prices for gasoline, diesel and jet fuel. Loading... Gasoline prices have been elevated since the start of the war in Iran, and there's no sign of relief on the horizon. High prices are angering voters and straining household budgets. Sponsor Message In California, which has the highest gasoline prices in the nation, Gov. Gavin Newsom is openly feuding with the oil giant Chevron, discouraging Californians from filling up at its stations. Chevron and the state have been in a tense relationship for years; Chevron moved its headquarters out of California in 2024 after complaining about state and local regulations, and is currently buying oil shipped through an offshore pipeline that California has attempted to keep shut down. In the latest salvos, Chevron has posted placards at California gas stations blaming state policies for the high prices, while Newsom's office is telling Californians they can get cheaper gas at unbranded stations. But where does all this leave drivers? Despite high prices, most Americans are unwilling, or unable, to give up on driving. Americans have been logging more miles since the war with Iran started, according to the analytics company Arity, which tracks driving habits. What can you do to cut costs? We asked the experts for ideas. Drive smoothly. Pay less The key to getting the most miles out of each gallon is driving efficiently. That means smooth acceleration, soft braking and slowing down. Underinflated tires, heavy boxes in the back seat and an unused ski or luggage rack on the top of the vehicle can also make it less fuel effi...
Shares of chipmaker Advanced Micro Devices (AMD +4.32%) have been on a tear in 2026. As of this writing, the stock has more than doubled year to date and nearly quadrupled over the past 12 months. The latest leg of the rally followed AMD's first-quarter earnings report in early May, when revenue growth accelerated and free cash flow more than tripled year over year. Additionally, management's guid...
Shares of chipmaker Advanced Micro Devices (AMD +4.32%) have been on a tear in 2026. As of this writing, the stock has more than doubled year to date and nearly quadrupled over the past 12 months. The latest leg of the rally followed AMD's first-quarter earnings report in early May, when revenue growth accelerated and free cash flow more than tripled year over year. Additionally, management's guidance for the current period was impressive. With shares now near record highs, the question is whether new money should still go to work here. After all, the business is firing on all cylinders, with surging demand for artificial intelligence (AI) infrastructure pushing the company's data center business to new highs. But the stock's valuation arguably reflects this -- and then some. So, is AMD stock still a buy? A clear acceleration in the AI story AMD's first-quarter revenue rose 38% year over year to $10.3 billion, easily clearing the company's own forecast of about $9.8 billion at the midpoint. This was an acceleration from 34% growth in the fourth quarter and 36% in the year-ago period. And it gets better. The chipmaker guided for second-quarter revenue of about $11.2 billion, implying growth of about 46% year over year. That would mark a further step-up in pace. The data center segment, which sells AMD's EPYC server chips and Instinct AI accelerators, is the clear engine for AMD these days. This segment's revenue jumped 57% year over year to $5.8 billion -- up from 39% growth in the prior quarter. And now the key segment accounts for more than half of total revenue. Importantly, profitability and cash generation have followed. AMD's Non-GAAP (adjusted) earnings per share rose 43% to $1.37. And free cash flow more than tripled to a record $2.6 billion, lifting the free cash flow margin to 25% from just 10% a year earlier. Further, the company's recent customer wins have been needle movers. In February, AMD and Meta Platforms unveiled a multi-year arrangement covering u...
On May 21, 2026, Access Investment Management disclosed a new position in PVH (PVH +0.44%), acquiring 107,950 shares—an estimated $7.09 million trade based on quarterly average pricing. What happened According to an SEC filing dated May 21, 2026, Access Investment Management established a new position in PVH by acquiring 107,950 shares. The estimated transaction value was $7.09 million, calculated...
On May 21, 2026, Access Investment Management disclosed a new position in PVH (PVH +0.44%), acquiring 107,950 shares—an estimated $7.09 million trade based on quarterly average pricing. What happened According to an SEC filing dated May 21, 2026, Access Investment Management established a new position in PVH by acquiring 107,950 shares. The estimated transaction value was $7.09 million, calculated using the average unadjusted closing price for the quarter. At quarter-end, the PVH stake was valued at $7.53 million, reflecting both the new shares and price changes during the period. What else to know This was a new position for the fund, representing 2% of 13F reportable assets under management as of March 31, 2026. Top holdings after the filing: NYSE: JBL: $31.07 million (8.3% of AUM) NYSE: URI: $23.26 million (6.2% of AUM) NYSE: SF: $15.80 million (4.2% of AUM) NYSE: APO: $15.76 million (4.2% of AUM) NYSE: SON: $15.68 million (4.2% of AUM) As of May 21, 2026, PVH shares were priced at $86.71, up about 5% over the past year and underperforming the S&P 500, which is instead up about 27%. Company overview Metric Value Revenue (TTM) $8.95 billion Net income (TTM) $25.30 million Dividend yield 0.17% Price (as of market close May 21, 2026) $86.71 Company snapshot PVH offers a diversified portfolio of apparel and accessories, including dress shirts, sportswear, jeans, underwear, handbags, footwear, and fragrances under brands such as Tommy Hilfiger, Calvin Klein, and others. The firm generates revenue through a mix of wholesale distribution, direct retail (full-price and outlet stores), concessions, and digital commerce channels across approximately 40 countries. It targets a global customer base spanning men, women, and children, with products positioned for both premium and mass-market segments. PVH is a leading global apparel manufacturer with a broad brand portfolio and significant international reach. The company leverages its owned and licensed brands to capture mark...
QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 10 High Quality Stocks to Buy According to Hedge Funds. Melius Research Raises Qualcomm (QCOM) Price Target, Sees More Upside in AI Semiconductor Stocks On May 18, Melius Research raised its price recommendation on QUALCOMM Incorporated (NASDAQ:QCOM) to $220 from $170. It reiterated a Hold rating on the shares. The firm said that while “not...
QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 10 High Quality Stocks to Buy According to Hedge Funds. Melius Research Raises Qualcomm (QCOM) Price Target, Sees More Upside in AI Semiconductor Stocks On May 18, Melius Research raised its price recommendation on QUALCOMM Incorporated (NASDAQ:QCOM) to $220 from $170. It reiterated a Hold rating on the shares. The firm said that while “nothing really emerged as incrementally good from Trump going to China,” it was feeling “incrementally good” about memory and AI semiconductor companies. The analyst raised long-term estimates and price targets for all of the firm’s Buy-rated “bottleneck stocks.” These included Micron, Sandisk, AMD, Intel, and Marvell. The firm also said it still believes semiconductor companies will continue taking market value, or at least more upside potential, from traditional software firms and other non-chip companies within the Magnificent Seven over the long term. Earlier, on May 13, Freedom Broker downgraded Qualcomm to Hold from Buy while raising its price target to $200 from $165. The firm described Qualcomm’s fiscal Q2 report as mixed and said the company’s fiscal Q3 outlook was “disappointing across the board.” Freedom Broker expects Qualcomm’s handset segment revenue to decline nearly 15% in fiscal 2026, followed by another 16% drop in 2027. QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry. Its business includes 3G, 4G, and 5G wireless connectivity, along with high-performance and low-power computing technologies, including on-device artificial intelligence. While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 1...
QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 10 High Quality Stocks to Buy According to Hedge Funds. Melius Research Raises Qualcomm (QCOM) Price Target, Sees More Upside in AI Semiconductor Stocks On May 18, Melius Research raised its price recommendation on QUALCOMM Incorporated (NASDAQ:QCOM) to $220 from $170. It reiterated a Hold rating on the shares. The firm said that while “not...
QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 10 High Quality Stocks to Buy According to Hedge Funds. Melius Research Raises Qualcomm (QCOM) Price Target, Sees More Upside in AI Semiconductor Stocks On May 18, Melius Research raised its price recommendation on QUALCOMM Incorporated (NASDAQ:QCOM) to $220 from $170. It reiterated a Hold rating on the shares. The firm said that while “nothing really emerged as incrementally good from Trump going to China,” it was feeling “incrementally good” about memory and AI semiconductor companies. The analyst raised long-term estimates and price targets for all of the firm’s Buy-rated “bottleneck stocks.” These included Micron, Sandisk, AMD, Intel, and Marvell. The firm also said it still believes semiconductor companies will continue taking market value, or at least more upside potential, from traditional software firms and other non-chip companies within the Magnificent Seven over the long term. Earlier, on May 13, Freedom Broker downgraded Qualcomm to Hold from Buy while raising its price target to $200 from $165. The firm described Qualcomm’s fiscal Q2 report as mixed and said the company’s fiscal Q3 outlook was “disappointing across the board.” Freedom Broker expects Qualcomm’s handset segment revenue to decline nearly 15% in fiscal 2026, followed by another 16% drop in 2027. QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry. Its business includes 3G, 4G, and 5G wireless connectivity, along with high-performance and low-power computing technologies, including on-device artificial intelligence. While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 1...
SoundHound AI SOUN is strengthening its position in the fast-growing conversational and agentic AI market, and its rapidly expanding pipeline could become a major long-term growth driver for the stock. The company’s first-quarter 2026 results highlighted accelerating enterprise demand across automotive, restaurants, healthcare, financial services and telecom markets. Pipeline growth matters becaus...
SoundHound AI SOUN is strengthening its position in the fast-growing conversational and agentic AI market, and its rapidly expanding pipeline could become a major long-term growth driver for the stock. The company’s first-quarter 2026 results highlighted accelerating enterprise demand across automotive, restaurants, healthcare, financial services and telecom markets. Pipeline growth matters because it reflects future revenue visibility and expanding customer adoption. SoundHound reported first-quarter revenues of $44.2 million, up 52% year over year, while its core automotive and IoT AI business surged 88% excluding acquisitions. Management also emphasized “massive pipeline” growth across several verticals during the earnings call. Importantly, the company is seeing traction with large enterprise customers. During the quarter, SoundHound signed new deals with major banks, insurers, utilities, healthcare providers and automotive manufacturers. It also expanded relationships with several existing customers, including a Fortune 100 insurance company and global technology firms. Another major catalyst is the planned acquisition of LivePerson. The deal is expected to significantly expand SoundHound’s enterprise footprint, adding hundreds of long-tenured customer relationships and strengthening its omnichannel AI capabilities across voice, chat and messaging. Management believes the combined business could eventually unlock a $500 million revenue opportunity from the existing customer base alone. Meanwhile, the launch of OASYS, SoundHound’s self-learning agentic AI platform, could further accelerate pipeline conversion by reducing deployment times and improving customer ROI. Although SOUN stock remains volatile and profitability challenges persist, expanding enterprise adoption and a growing pipeline suggest SoundHound is building a stronger long-term AI platform business. SOUN’s Competition in Conversational AI Remains Intense SoundHound faces intense competition from la...
Meta has quietly released a new standalone app for Facebook Groups, called “Forum.” The company seems to be positioning Forum as a platform that functions similarly to Reddit, describing the app as a “dedicated space built for deeper discussions, real answers and communities you care about.” The app appears to have been first spotted by social media consultant Matt Navarra. After you sign in with ...
Meta has quietly released a new standalone app for Facebook Groups, called “Forum.” The company seems to be positioning Forum as a platform that functions similarly to Reddit, describing the app as a “dedicated space built for deeper discussions, real answers and communities you care about.” The app appears to have been first spotted by social media consultant Matt Navarra. After you sign in with your Facebook account, Forum will load in your groups, profile and activity, and let you make posts with a nickname, just like on the standard Facebook app. Meta noted that your groups still exist on Facebook, and anything you share on Forum will be visible in your groups on Facebook. Meta says Forum’s feeds are centered on conversations within groups, allowing users to see “what real people are saying, not just what’s trending,” and making it easy to pick up where they left off. The app includes an AI-powered “Ask” tab that lets users ask questions and receive answers compiled from discussions across different groups. There’s also an admin AI assistant to help administrators manage groups and moderate content. This isn’t the first time Meta has launched a standalone app for groups. Back in 2014, the company rolled out a dedicated Groups app that aimed to make it easier for users to share content across groups, but that effort was shuttered in 2017. Forum is one of two new apps from Meta in recent weeks. Last month, the social media company rolled out a new app called Instants that lets users share disappearing photos with Instagram friends. Instants and Forum come amid a broader effort at Meta to release more apps. The Wall Street Journal reported a few weeks ago that CEO Mark Zuckerberg told employees that with AI-driven efficiencies allowing the company to build more apps, the social media giant now aims to roll out many more apps than it has historically. Referring to Meta’s chief product office Chris Cox, Zuckerberg reportedly said, “So Chris and I have been talking ab...
Tara Malhotra/iStock via Getty Images Introduction Nebius ( NBIS ) is one of the hottest tech stocks in the market, an AI infrastructure company aiming to develop into a major hyperscaler. Nebius CEO Arkady Volozh spoke to this vision in remarks during the Q1 2026 earnings call posted on Seeking Alpha: “We have had a great start to the year. We're building an AI-native hyperscaler...we are develop...
Tara Malhotra/iStock via Getty Images Introduction Nebius ( NBIS ) is one of the hottest tech stocks in the market, an AI infrastructure company aiming to develop into a major hyperscaler. Nebius CEO Arkady Volozh spoke to this vision in remarks during the Q1 2026 earnings call posted on Seeking Alpha: “We have had a great start to the year. We're building an AI-native hyperscaler...we are developing it across 4 dimensions. The first is capacity and scale; second, product and functionality; the third dimension is customers and demand; and finally, capital, our fourth dimension. All our focus is on execution across all 4 of these dimensions.” I will expand on the four dimensions in the Nebius Business Case section that follows. A quick refresher on what a hyperscaler does : “A hyperscaler is a large-scale cloud service provider that offers vast computing, storage, and networking resources through a distributed infrastructure of interconnected servers and software. These companies...rapidly scale their resources up or down to meet the demands of millions or even billions of users.” I think many people consider 'Mag7' to be synonymous with 'hyperscaler', but they are not. Nebius is working diligently to become a major hyperscaler through its ‘ four dimensions’ strategy that Arkady Volozh elaborates on the call . The Nebius CEO expresses high confidence in a methodology that identifies company initiatives and actions within the 'dimensions' framework. Nebius is building hardware and software infrastructure systematically. Its evolving AI Cloud stack is dependent on the availability of GPUs, which is essentially guaranteed through the strategic alliance with Nvidia ( NVDA ). Nebius is creating data centers across the continents and contracting for the power that drives them. CEO Volozh details the growing platform rising on this infrastructure: “Our platform is most efficient when we own the full stack, and we are building towards that. Our owned contracted capacity now ...