Hi, it’s Baiju Kalesh and some of my Bloomberg colleagues in Mumbai, where we’ve been speaking with Citi bankers about the outlook for IPOs and M&A this year. Also today, Goldman’s CEO slides into Musk’s DMs in bid to lead SpaceX IPO. Today’s top stories SpaceX filing reveals $4.28 billion loss , Musk’s tight grip. OpenAI faces IPO unknowns even after victory over Musk. AvalonBay, Equity Residenti...
Hi, it’s Baiju Kalesh and some of my Bloomberg colleagues in Mumbai, where we’ve been speaking with Citi bankers about the outlook for IPOs and M&A this year. Also today, Goldman’s CEO slides into Musk’s DMs in bid to lead SpaceX IPO. Today’s top stories SpaceX filing reveals $4.28 billion loss , Musk’s tight grip. OpenAI faces IPO unknowns even after victory over Musk. AvalonBay, Equity Residential agree to combine in all-stock deal. Ambani’s $4 billion Jio IPO hits roadblocks on Iran war impact. Saudi $1 trillion wealth fund weighs creating a logistics giant . Brighter view Initial public offerings in India should get back on track in the second half of the year, according to Citigroup, moving on from a rocky start that’s seen foreign investors withdraw capital and the rupee careen to a record low . Plenty rests on a potential record-breaking share sale by Jio Platforms, which is proving increasingly challenging , as well as National Stock Exchange of India’s long-delayed listing . About $3.5 billion has been raised in IPOs in India this year versus $22.4 billion in all of 2025, when it was the world’s third-biggest IPO market. “Over the past two years, 60%-70% of issuance has been concentrated in the final quarter, and current conditions suggest a similar trajectory,” says Arvind Vashistha, Citi’s India head of equity capital markets. “There remains a long runway for deal execution, with full-year volumes likely to be at least in line with last year and potentially 5% or 10% higher,” Mumbai-based Vashistha says. For foreign investors looking at India, interesting themes include the country’s positioning in artificial intelligence and its impact on employment and consumption, according to Vashistha. While these factors will shape capital flows, they won’t derail issuance activity, he says. Meanwhile, Citi’s India head of investment banking, Rahul Saraf, expects more deals to emerge as multinationals reassess portfolios and divest non-core assets. Recent examples i...
is a senior reporter who’s been covering and reviewing the latest gadgets and tech since 2006, but has loved all things electronic since he was a kid. Posts from this author will be added to your daily email digest and your homepage feed. It’s been nearly six years since Flipper Devices introduced the Zero, its popular but controversial wireless hacking multi-tool. The company’s latest creation (f...
is a senior reporter who’s been covering and reviewing the latest gadgets and tech since 2006, but has loved all things electronic since he was a kid. Posts from this author will be added to your daily email digest and your homepage feed. It’s been nearly six years since Flipper Devices introduced the Zero, its popular but controversial wireless hacking multi-tool. The company’s latest creation (following a slight departure with a device that lets co-workers know when you’re too busy to chat) is the new Flipper One. It’s a similarly pocketable electronic multi-tool but also a tiny open source Linux computer powered by an 8-core RK3576 processor with a GPU, a 6 TOPS NPU, and 8GB of RAM. The Flipper One is also packed with connectivity including PCIe, SATA, and USB 3.0 interfaces, two ethernet ports, and an M.2 slot that can expand its capabilities with modules that add cellular connectivity, or Flipper Zero functionality like NFC and RFID. Instead of requiring a mouse, the Flipper One’s user interface can be navigated using a built-in D-pad and a collection of customizable buttons, but the team behind it hasn’t finalized the user interface, or even the device itself. The company is hoping to release the Flipper One later this year through a Kickstarter crowdfunding campaign. Image: Flipper Devices Although it was announced today, the Flipper One isn’t available for sale or preorder yet. The reason the company revealed a device it’s not actually ready to sell is because it wants to solicit feedback from developers before finalizing the hardware. The company created an online portal detailing the development of the Flipper One where the community can also submit suggestions and ideas on how to further improve it. Flipper co-founder and CEO Pavel Zhovner is hoping to launch a Kickstarter for the device later this year, priced at around $350, according to Gizmodo.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4% and the actively tr Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
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Pathward Financial ( CASH ) declares $0.05/share quarterly dividend , in line with previous. Forward yield 0.24% Payable July 1; for shareholders of record June 11; ex-div June 11. See CASH Dividend Scorecard, Yield Chart, & Dividend Growth. More on Pathward Financial Pathward Financial: Credit Deterioration Is Concerning (Downgrade) Pathward Financial, Inc. (CASH) Q2 2026 Earnings Call Transcript...
Pathward Financial ( CASH ) declares $0.05/share quarterly dividend , in line with previous. Forward yield 0.24% Payable July 1; for shareholders of record June 11; ex-div June 11. See CASH Dividend Scorecard, Yield Chart, & Dividend Growth. More on Pathward Financial Pathward Financial: Credit Deterioration Is Concerning (Downgrade) Pathward Financial, Inc. (CASH) Q2 2026 Earnings Call Transcript Pathward Financial, Inc. 2026 Q2 - Results - Earnings Call Presentation Pathward maintains FY 2026 EPS guidance of $8.55 to $9.05 as tax services revenue reaches $96M Pathward Financial Q2 2026 Earnings Preview
MicroStockHub/iStock via Getty Images Is Dividend Investing Under Threat from Rising Bond Yields? Dividend investing has come under attack recently as investors now wonder whether the resurgence in bond yields could cause more mayhem for income investors. Worries from rising bond yields (Yardeni Research) The rise in bond yields per se isn't necessarily bad. We know that it indicates that the econ...
MicroStockHub/iStock via Getty Images Is Dividend Investing Under Threat from Rising Bond Yields? Dividend investing has come under attack recently as investors now wonder whether the resurgence in bond yields could cause more mayhem for income investors. Worries from rising bond yields (Yardeni Research) The rise in bond yields per se isn't necessarily bad. We know that it indicates that the economy is resilient even though inflationary factors could be on the rise. But we shouldn't misconstrue it as stagflation. Nevertheless, I could understand why investors continue to be worried since the Strait of Hormuz has not been decisively resolved yet between the Iranian regime and the US government. And that standoff could persist for a while. We don't know how long it will take, but the consensus is that as this gets dragged on further, the higher oil and gas spiral could then infiltrate into the rest of the economy. I think that's why the market is now trying to price in these aspects, coupled with what we have seen has been a very solid economy under the hood. In that sense, while we consider the potentially higher risk for dividend investors emanating from this increasingly higher bond yields conundrum, I don't think we should simply interpret that as bad for income investors. Productivity boost keeping the economy resilient (Yardeni Research) Productivity-driven factors could still play out very nicely, especially with the AI boom. We know that at this point, even one of the more popular ETFs, like Schwab US Dividend Equity ETF ( SCHD ), has also been able to capitalize on this remarkable tech-led rally playing out across the market. In my previous SCHD write-up , I thought it was time to take a break and allow the stock consolidation to pan out. It then resulted in me downgrading the stock to a hold, but I wasn't bearish. I thought that kind of played out as SCHD did consolidate before the recent breakout. And with a renewed focus on tech as one of its top three se...
Shares of Bitcoin (CRYPTO: $BTC ) miners tied to the artificial intelligence (A.I.) buildout are rising after chipmaker Nvidia reported blockbuster financial results for this year’s first quarter. Bitcoin miners with exposure to A.I. and high-performance computing data centres are moving higher following Nvidia’s latest print as global demand remains strong. Shares of Core Scientific (NASDAQ: $COR...
Shares of Bitcoin (CRYPTO: $BTC ) miners tied to the artificial intelligence (A.I.) buildout are rising after chipmaker Nvidia reported blockbuster financial results for this year’s first quarter. Bitcoin miners with exposure to A.I. and high-performance computing data centres are moving higher following Nvidia’s latest print as global demand remains strong. Shares of Core Scientific (NASDAQ: $CORZ ) and Cipher Mining (NASDAQ: $CIFR ), for example, are trending higher. So too are the shares of Canadian-linked crypto miners turned data centre operators Hut 8 (NASDAQ: $HUT ) and HIVE Digital Technologies (NASDAQ: $HIVE ). The miner stocks are rising as investors continue to view the companies as beneficiaries of growing demand for A.I. data centres, power capacity, and A.I. computing infrastructure. The leg higher comes after Nvidia reported a profit of $58.3 billion U.S. for the year’s first quarter, up 211% from a year earlier. The leading A.I. chipmaker’s revenue totaled $81.62 billion U.S., up 85% from a year earlier. Nvidia beat Wall Street forecasts across the board and issued bullish guidance. The company also raised its quarterly dividend to $0.25 U.S. per share from $0.01 U.S. previously, an increase of 2,400%. And Nvidia is undertaking a new $80 billion U.S. stock buyback program as it focuses on returning value to shareholders. Analysts said that Nvidia’s latest financial results reaffirm that the A.I. buildout is real and likely to continue at a brisk pace for the foreseeable future. Those comments are lifting the stocks of companies that are building and operating A.I. and high-performance computing data centres. Somewhat ironically, NVDA stock is down 1% following the company’s latest financial results. Analysts say the dip is because Nvidia remains restricted from selling its processors in China. Still, Nvidia’s stock has risen 70% in the last 12 months to trade at $223.47 U.S. per share.
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A Reddit user questioned why $1 million is increasingly viewed as inadequate for retirement. "$1 million in liquid assets is still a lot of money," the original poster wrote on the r/MiddleClassFinance subreddit. "Why do people make it sound like $1 million is not enough?" According to the OP, a $1...
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A Reddit user questioned why $1 million is increasingly viewed as inadequate for retirement. "$1 million in liquid assets is still a lot of money," the original poster wrote on the r/MiddleClassFinance subreddit. "Why do people make it sound like $1 million is not enough?" According to the OP, a $1 million portfolio paired with Social Security could still generate enough monthly income for many middle-class retirees. Don't Miss: Explore whether your retirement strategy is optimized for income, taxes, and long-term withdrawals — take the AdviserMatch quiz today. The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.95/Share The Math Behind The $1 Million Argument The poster's math started with a basic retirement calculation: consistent Roth IRA contributions, long-term market returns and a withdrawal rate of 4% to 5%. The OP wrote that maxing out a Roth IRA over roughly 30 years, while earning annual returns of 8% to 10% could eventually grow into a $1 million portfolio. They also argued that while inflation and living costs have risen, income and investment growth have increased over time as well. The poster estimated that the portfolio could generate roughly $3,000 to $4,000 per month, while Social Security could push total monthly retirement income into the $5,000 to $7,000 range. The OP compared that estimate with median U.S. income levels they put at roughly $45,000 to $50,000 annually. Trending: This Under-$1 Pre-IPO AI Company Is Still Open to Retail Investors — Learn More The OP also pointed out that many retirees no longer face costs such as mortgages, daycare expenses or car payments, which could make retirement income stretch further. The poster wrote that reaching $1 million still requires decades of saving and investing for most middle-class workers. For Many Redditors, The Problem Wasn't Retirement — It Was Reality The...
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Delta Air Lines selected Amazon Leo as its in-flight Wi-Fi provider instead of SpaceX's Starlink. CEO Ed Bastian publicly backed the decision after Elon Musk criticized the move. The Amazon partnership focuses on cost-effective, feature-rich connectivity to su...
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Delta Air Lines selected Amazon Leo as its in-flight Wi-Fi provider instead of SpaceX's Starlink. CEO Ed Bastian publicly backed the decision after Elon Musk criticized the move. The Amazon partnership focuses on cost-effective, feature-rich connectivity to support in-flight services and loyalty programs. For investors watching NYSE:DAL, this decision sits alongside a share price of $74.12 and a value score of 4. The stock has delivered a 7.3% return year to date and is up 55.4% over the past year, with a 119.3% return over three years and 61.3% over five years. The Amazon Leo deal signals that Delta aims to compete on digital experience and passenger loyalty rather than focusing solely on hardware choices. As other airlines review their own connectivity options, this move could influence how carriers think about partnerships, customer data and in-flight monetization over the coming years. Stay updated on the most important news stories for Delta Air Lines by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Delta Air Lines. NYSE:DAL Earnings & Revenue Growth as at May 2026 We've flagged 2 risks for Delta Air Lines. See which could impact your investment. Quick Assessment ⚖️ Price vs Analyst Target : At US$74.12, the stock trades around 7.8% below the US$80.37 analyst price target, which sits inside a wide US$48 to US$95 range. ✅ Simply Wall St Valuation : The shares are described as trading about 30.1% below estimated fair value. ✅ Recent Momentum: The 30 day return of 4.1% suggests positive short term momentum around this news. There is only one way to know the right time to buy, sell or hold Delta Air Lines. Head to Simply Wall St's company report for the latest analysis of Delta Air Lines's Fair Value. Key Considerations 📊 The Amazon Leo choice links Wi Fi directly...
koyu/iStock via Getty Images I previously rated Alphabet Inc., aka Google ( GOOG , GOOGL , GOOG:CA ) as a Buy in March 2026, thanks to the improved risk/reward and the cheaper valuations from the prior Bull Trap in early February 2026. In this article, I shall discuss why I am downgrading the GOOG stock as a Hold here, attributed to the reduced margin of safety from the outsized rally in April/ear...
koyu/iStock via Getty Images I previously rated Alphabet Inc., aka Google ( GOOG , GOOGL , GOOG:CA ) as a Buy in March 2026, thanks to the improved risk/reward and the cheaper valuations from the prior Bull Trap in early February 2026. In this article, I shall discuss why I am downgrading the GOOG stock as a Hold here, attributed to the reduced margin of safety from the outsized rally in April/early May 2026. GOOG Proves Their AI Beneficiary Status GOOG 1Y Stock Price (Trading View) Since my last Buy rating, GOOG has already rallied by +34.4% while outperforming the wider market at +12.1% and its hyperscaler/advertising peers in varying peers. Much of its tailwinds are attributed to more enterprises adopting agentic AI to drive improved efficiencies and higher automation, with the insatiable compute demand also triggering the hyperscalers' robust cloud monetization prospects, GOOG included. 1. AI Token Tailwinds This is especially since the growing use of AI agents has contributed to the higher workflows and GOOG's consequently higher tokens per minute at >16B in FQ1'26 (+60% QoQ) for their first-party models. As AI usage becomes more common and the cost of compute gets more expensive, it is unsurprising that more hyperscalers and SaaS players are transitioning from subscription-based pricing to usage-based, token billings. The same has been highlighted by Microsoft ( MSFT ), with their Intelligent Cloud segment reporting "gross margin percentage decreased year-over-year driven by continued AI investment and increased GitHub Copilot usage ," potentially attributed to the " high volume of abuse. " AI Total Cost of Ownership (NVDA) This reason is also why, it is important for hyperscalers to have a lower Total Cost of Ownership [TCO], allowing them to minimize token cost and offer lower token prices to drive positive profit margins at a time of mass-market/enterprise adoption. The latter has been observed in Uber ( UBER ) exhausting "its entire 2026 artificial intelli...
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. NVIDIA (NasdaqGS:NVDA) and Qiagen announced a partnership to integrate NVIDIA's BioNeMo platform and GPU-accelerated graph AI into the Qiagen Discovery Platform. The collaboration focuses on applying accelerated computing and graph-based AI to drug discovery and biomedical data a...
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. NVIDIA (NasdaqGS:NVDA) and Qiagen announced a partnership to integrate NVIDIA's BioNeMo platform and GPU-accelerated graph AI into the Qiagen Discovery Platform. The collaboration focuses on applying accelerated computing and graph-based AI to drug discovery and biomedical data analysis. The partnership aims to support pharmaceutical and biotechnology research workflows by bringing NVIDIA's AI tools into Qiagen's life sciences ecosystem. NVIDIA has built a position in AI infrastructure, and this move with Qiagen extends that reach deeper into life sciences and healthcare research. By tying the BioNeMo platform into a widely used discovery environment, the company is positioning its GPUs and AI software closer to the workloads of pharmaceutical and biotech researchers. For investors watching NasdaqGS:NVDA, this type of vertical expansion into drug discovery illustrates how AI workloads can spread beyond core data center demand. The Qiagen collaboration adds another real world use case where NVIDIA's computing stack may be embedded in long development cycles and complex research pipelines. Stay updated on the most important news stories for NVIDIA by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on NVIDIA. NasdaqGS:NVDA Earnings & Revenue Growth as at May 2026 4 things going right for NVIDIA that this headline doesn't cover. Quick Assessment ⚖️ Price vs Analyst Target : At US$223.47, NVIDIA trades about 19% below the US$275.83 analyst target. ❌ Simply Wall St Valuation : Shares are assessed as around 20.4% above estimated fair value, so the stock screens as overvalued on this model. ✅ Recent Momentum: The stock is up 10.6% over the last 30 days, showing strong short term momentum. There is only one way to know the right time to buy, sell or hold NVIDIA. Head to the Simply Wall St company r...
The Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) has 63 holdings, which sounds diversified until you check the weights. Five names carry almost 46% of the fund. The MGK pitch is straightforward exposure to U.S. mega-cap growth, and the math has worked. MGK returned 28% over the past year against 25% for the S&P 500. The ... MGK Holds 46 Percent in Just Five Stocks, And That Concentration Is Driving...
The Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) has 63 holdings, which sounds diversified until you check the weights. Five names carry almost 46% of the fund. The MGK pitch is straightforward exposure to U.S. mega-cap growth, and the math has worked. MGK returned 28% over the past year against 25% for the S&P 500. The ... MGK Holds 46 Percent in Just Five Stocks, And That Concentration Is Driving Most of Its Recent Gains
US initial jobless claims for the week ending May 16 fell by 3,000 to 209,000. US housing starts declined in April as construction of single-family homes dropped by the most in nearly a year. Bloomberg's Michael McKee has this morning's economic data. (Source: Bloomberg)
US initial jobless claims for the week ending May 16 fell by 3,000 to 209,000. US housing starts declined in April as construction of single-family homes dropped by the most in nearly a year. Bloomberg's Michael McKee has this morning's economic data. (Source: Bloomberg)
Najimah Roberson, a lifelong renter, spent the past two years searching around Harrisburg, Pennsylvania, for a home she could afford — getting outbid nearly 30 times along the way. The ordeal had the 42-year-old daycare business owner “in tears for weeks” before she finally found a five-bedroom fixer-upper for $340,000. It has an overgrown backyard and dated carpet. But more troubling is the mortg...
Najimah Roberson, a lifelong renter, spent the past two years searching around Harrisburg, Pennsylvania, for a home she could afford — getting outbid nearly 30 times along the way. The ordeal had the 42-year-old daycare business owner “in tears for weeks” before she finally found a five-bedroom fixer-upper for $340,000. It has an overgrown backyard and dated carpet. But more troubling is the mortgage rate she’s facing as the June closing approaches, leaving her on the fence about whether to even go through with it. “It’s beyond stressful,” she said. “For my plan to buy, the rate has to be reasonable.” Her situation reflects a larger reality: The era of ultra-cheap mortgages that reshaped American housing for a generation shows no signs of coming back. In fact, every signal from the $31 trillion Treasury market indicates that rates may rise even more. Since the oil-price shock from President Donald Trump ’s Iran war unleashed the biggest jump in inflation since 2023, bond prices have tumbled, pushing yields on some US government debt to the highest levels in nearly two decades . The rate on 10-year Treasuries, which sets the floor for mortgages, has climbed to around 4.6%, with traders saying 5% is within reach. That has pushed the average 30-year home loan to over 6.5%. Across Wall Street, traders expect inflation — the main driver of rising borrowing costs — to worsen as the energy price increases filter through the economy. Investors have abandoned bets that the Federal Reserve will resume cutting interest rates, with many now wagering it will instead start raising them as soon as late this year. “If you’re looking for relief on 30-year conventional mortgage rates, you’re not going to get it anytime soon,” said Kevin Flanagan , head of investment strategy at WisdomTree. The bond market’s movements are exerting a major drag on a real estate industry that for decades benefited from a steady drop in interest rates, in part because of globalization and technological c...
J Studios/DigitalVision via Getty Images The BDC sector has gone through a wave of dividend cuts. As of today, roughly one third of BDCs have slashed their base dividends in the past, say, 9 to 12 month period. If we include supplemental distributions the statistic becomes much larger. For me this is not surprising at all. In the table below, I have gathered 10 articles in which I've signaled inve...
J Studios/DigitalVision via Getty Images The BDC sector has gone through a wave of dividend cuts. As of today, roughly one third of BDCs have slashed their base dividends in the past, say, 9 to 12 month period. If we include supplemental distributions the statistic becomes much larger. For me this is not surprising at all. In the table below, I have gathered 10 articles in which I've signaled investors that certain BDCs will likely slash their dividends soon: BDC Article (& date) Cut (& date) PennantPark Investment Corporation ( PNNT ) Here (01/2024) ~50% (02/2026) Horizon Technology Finance ( HRZN ) Here (08/2024) ~45% (04/2025) BlackRock TCP Capital Corp ( TCPC ) Here (11/2024) ~26% (02/2025) Oaktree Specialty Lending ( OCSL ) Here (11/2024) ~20% (02/2025) TriplePoint Venture Growth (NYSE: TPVG ) Here (2/2025) ~25% (08/2025) FS KKR Capital ( FSK ) Here (6/2025) ~30% (10/2025) Blue Owl Capital Corporation ( OBDC ) Here (10/2025) ~16% (05/2026) Golub Capital BDC ( GBDC ) Here (11/2025) ~15% (02/2026) Morgan Stanley Direct Lending Fund ( MSDL ) Here (11/2025) ~10% (02/2026) PennantPark Floating Rate Capital ( PFLT ) Here (12/2025) ~22% (05/2026) Click to enlarge P.S.1., the statistics reflect changes in base dividends (not supplemental). P.S.2., some BDCs such as FSK and OCSL have cut their dividends more than one time ("cut (& date)") columns reflect the first cut. Now, the reason why I could predict these situations was simple. By blending together falling base rates, tighter spreads, exhausted leverage levels (D/E close to or above 1.2x) and relatively thin dividend coverage levels, it is difficult to arrive at a different conclusion other than that it is only a matter of time until dividends get slashed. In almost all of these cases, the aforementioned four factors were present, driving lower base dividends. Of course, for FSK, OCSL, HRZN and TCPC it was also growing non-accruals which chipped in and supported the cuts. The current situation has improved. First, ...
imaginima/E+ via Getty Images I previously rated Petróleo Brasileiro S.A. - Petrobras ( PBR ) as a Buy in March 2026, thanks to the elevated Brent prices driving robust upstream tailwinds entering FQ1'26. In this article, I shall discuss why I am reiterating my Buy rating for the PBR stock, thanks to their likely to be rich FQ2'26/H2'26 dividend payouts. PBR Proves Their Upstream Beneficiary Statu...
imaginima/E+ via Getty Images I previously rated Petróleo Brasileiro S.A. - Petrobras ( PBR ) as a Buy in March 2026, thanks to the elevated Brent prices driving robust upstream tailwinds entering FQ1'26. In this article, I shall discuss why I am reiterating my Buy rating for the PBR stock, thanks to their likely to be rich FQ2'26/H2'26 dividend payouts. PBR Proves Their Upstream Beneficiary Status PBR 1Y Stock Price (Trading View) 1. Iran Conflict Tailwinds From FQ2'26 Onwards Since my last Buy rating, PBR has rallied by +13.2% along the wider market at +9.7%, with a similar development also observed in its peers in varying degrees. This is unsurprising indeed, since much of their upstream prospects are inherently linked to the elevated commodity spot prices from the rapidly developing Iran conflict and the possibility of a near-term ceasefire deal . Oil Inventory Drawdown (US EIA) Given that the Hormuz passage is yet fully open and that only a small number of tanker fleets have transited through the strait, it goes without saying that the global oil supply has declined to 95.1 mb/day by April 2026, down by -12.8 mb/d since February 2026, against the global oil demand at 104 mb/d. Given the imbalanced supply and demand cadence, the US EIA expects the global oil inventories to fall by an average of - 8.5 mb/d in Q2'26 , with further withdrawals expected in Q3'26 before the inventories may be replenished from Q4'26 onwards. These have also contributed to the oil prices expected to average around $79 per barrel in 2027, against the 2025 averages of $69 per barrel, with the after effects of the ongoing Iran conflict likely to be prolonged through the end of 2027. 2. Dividend Tailwinds On the one hand, given that PBR is aggressively investing in their growth capex, it is unsurprising that they have reported an elevated gross debt position of $71.21B in FQ1'26 (+10.4% YoY). While this number is still below their gross debt limit of $75B , the management has already highl...
mustafaU/iStock via Getty Images In 2016, I made a life-changing decision: I took a sabbatical, put my family in a small RV, and we drove all the way to Costa Rica. Upon my return in 2017, I officially quit my job as a private banker at National Bank and started working full-time on my baby: Dividend Stocks Rock. I also decided to manage my pension account held at the National Bank. I’ve built and...
mustafaU/iStock via Getty Images In 2016, I made a life-changing decision: I took a sabbatical, put my family in a small RV, and we drove all the way to Costa Rica. Upon my return in 2017, I officially quit my job as a private banker at National Bank and started working full-time on my baby: Dividend Stocks Rock. I also decided to manage my pension account held at the National Bank. I’ve built and managed this portfolio publicly since 2017 to create and track a real-life case study. In August 2017, I received $108,760.02 in a locked retirement account. Locked means I can’t add capital to the account, and growth is only generated through capital gains and dividends. I don’t report this portfolio’s results to brag about my returns or to suggest you follow my lead. My purpose has been solely to share with our members how I manage my portfolio with all the good and the bad that inevitably takes place each month. I hope you have learned and will continue to learn from my experiences managing this portfolio. But first, the results! Performance in Review Let’s start with the numbers as of May 5 th , 2026 (before the bell): Original amount invested in September 2017 (no additional capital added): $108,760.02. Current portfolio value:$331,857.62 Dividends paid: $5,699.84 (TTM) Average yield: 1.72% 2025 performance: +7.34% VFV.TO= +12.18%, XIU.TO = +28.88% Dividend growth: +1.5% Total return since inception (Sep 2017 - April 2026): +205.13% Annualized return (102 months): 14.02% Vanguard S&P 500 Index ETF ( VFV:CA ) annualized return (since Sept 2017): 16.18% (total return 257.70%) iShares S&P/TSX 60 ETF ( XIU:CA ) annualized return (since Sept 2017): 13.14% (total return 185.60%) Dynamic sector allocation calculated by DSR PRO as of May 5th, 2026 (before the bell). Brookfield does it again Brookfield Infrastructure since 2021 If you hold corporate shares of Brookfield Infrastructure ( BIPC ) or Brookfield Renewable ( BEPC ), you probably noticed a big drop in their stock pri...
Met or Exceeded Guidance on Nearly All Metrics Provided Gross Margins Improved Sequentially Following First Quarter Trough 2% Year-Over-Year Increase in Total Domestic Contracts $442 Million of Total Liquidity Well in Excess of Our Target Range MATAWAN, N.J., May 21, 2026 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal se...
Met or Exceeded Guidance on Nearly All Metrics Provided Gross Margins Improved Sequentially Following First Quarter Trough 2% Year-Over-Year Increase in Total Domestic Contracts $442 Million of Total Liquidity Well in Excess of Our Target Range MATAWAN, N.J., May 21, 2026 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal second quarter and six months ended April 30, 2026. The Company is saddened by the passing of Edward A. Kangas, whose leadership and dedication to Hovnanian spanned many years. As our longest-serving independent director, Chair of the Audit Committee, and Lead Independent Director, Ed provided valued judgment, integrity, and steady guidance to our Board and management team. Beyond his many professional contributions, he was also a trusted friend who will be deeply missed by all who knew him. The Board of Directors and everyone at the Company extend their heartfelt condolences to his family. RESULTS FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED APRIL 30, 2026: Total revenues were $667.6 million in the second quarter of fiscal 2026, which was within the guidance range we provided, compared with $686.5 million in the same quarter of the prior year. For the six months ended April 30, 2026, total revenues were $1.30 billion compared with $1.36 billion in the first half of fiscal 2025. Domestic unconsolidated joint ventures sale of homes revenues for the second quarter of fiscal 2026 was $125.9 million (181 homes) compared with $144.5 million (207 homes) for the three months ended April 30, 2025. For the first half of fiscal 2026, domestic unconsolidated joint ventures sale of homes revenues was $198.3 million (299 homes) compared with $276.3 million (404 homes) in the six months ended April 30, 2025. Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 10.2% for the three months ended April 30, 2026, compared with 13.8% during the seco...
Industry Leaders To Help Guide U.S. Strategy Supporting Member Digital Innovation Initiatives and Supply Chain Excellence EWING, N.J., May 21, 2026 /PRNewswire/ -- The GS1 US Board of Governors has elected three new members to join the GS1 US Board: Senthil Subramanian, principal engineer and area technical lead, Google; Steven Chyung, senior vice president, chief supply chain and procurement offi...
Industry Leaders To Help Guide U.S. Strategy Supporting Member Digital Innovation Initiatives and Supply Chain Excellence EWING, N.J., May 21, 2026 /PRNewswire/ -- The GS1 US Board of Governors has elected three new members to join the GS1 US Board: Senthil Subramanian, principal engineer and area technical lead, Google; Steven Chyung, senior vice president, chief supply chain and procurement officer, Kaiser Permanente; and Omar A. Tovar, chief logistics officer, Urban Outfitters, Inc. (URBN). Senthil Subramanian, Principal Engineer and Area Technical Lead, Google These executives join an accomplished group of leaders who help guide the GS1 US strategy to drive the adoption and use of GS1 Standards as a common foundation for retail commerce, consumer and patient experiences, and supply chain management. The cross-industry Board of Governors represents companies in apparel, general merchandise, retail grocery, foodservice and healthcare. "At a time when supply chains are being reshaped by digital transformation and rising complexity, these leaders bring invaluable perspective to help industry advance large-scale data management, supply chain operations and global logistics," said Bob Carpenter, president and CEO of GS1 US. "Their collective experience will help guide our work as shared and standardized data becomes even more central to how modern supply chains function and scale." At Google, Senthil Subramanian oversees the Shopping Graph, where he is responsible for the integrity, coverage, richness and freshness of the massive product datasets and offers within the platform that power Google's global consumer shopping experiences across search, YouTube, ads and more. With deep expertise in large-scale data infrastructure, he previously served as vice president at Yahoo, leading advertising infrastructure, targeting and serving systems, and was a founding member of the original Hadoop team, helping to advance open-source big data. Steven Chyung leads Kaiser Permanen...
You recently agreed in an interview that “life is a meaningless farce”. How come? benpendrey Oh, I don’t know. You need to talk to God about that. I don’t know why he made it so ridiculous, but it is. I’m not done asking questions and trying to figure things out, but I do think we’re going to end up where Douglas Adams did. Is biting satire more powerful than political hogwash? Twist27 I sure wish...
You recently agreed in an interview that “life is a meaningless farce”. How come? benpendrey Oh, I don’t know. You need to talk to God about that. I don’t know why he made it so ridiculous, but it is. I’m not done asking questions and trying to figure things out, but I do think we’re going to end up where Douglas Adams did. Is biting satire more powerful than political hogwash? Twist27 I sure wish it was, but no. I do think political satire is helpful, but it is not as important as we all wished it was. I’m afraid political satire pales in comparison to political hogwash, as we’re witnessing in my country. View image in fullscreen With Henry Winkler (right), ‘the sweetest guy alive!’ Photograph: Jerod Harris/GA/The Hollywood Reporter/Getty Images Did working with someone as cool as Henry Winkler in your new film, Normal, help unleash your inner Fonz? greencorn Well, in Normal, Henry Winkler’s character is not cool. Henry himself is the sweetest guy alive. If he unleashed anything in me, he unleashed the desire to be as kind, generous and friendly as he finds his way to be in the world every day. And that’s not easy to do. It’s a choice to meet the world’s annoyances and frustrations with the patience and kindness that he does. He’s a special guy, so I’m glad I got him to play such a jerk who gets his comeuppance. Have you taken over Liam Neeson’s mantle as our favourite action hero? teabags12 No. Liam Neeson still owns that space. I am the Bob Odenkirk of action movie stars. What made you choose to reinvent yourself as an action hero rather than settle down into cushy romcoms? johnnyhatesjazz That’s a good question. I’m 63 years old, and there aren’t a lot of romcoms written for my generation. I like action movies. I have a lot of rage inside me that I get to play out. It started as a joke, but through some massive cock-up, I’ve somehow pulled it off. View image in fullscreen ‘He’s a very earnest guy’ … Odenkirk as Saul Goodman in season 6 of Better Call Saul. Photo...