Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . The scale of the challenge faced by Europe as it grapples with the fallout from the Iran war was laid bare today as the European Commission slashed growth forecasts and warned that inflation would be a full percentage point higher tha...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . The scale of the challenge faced by Europe as it grapples with the fallout from the Iran war was laid bare today as the European Commission slashed growth forecasts and warned that inflation would be a full percentage point higher than predicted in November. Euro-area GDP growth will slow to 0.9% this year, compared to 1.4% in 2025, according to the bloc’s spring economic forecasts. Inflation across the EU will hit 3.1% this year. Commissioner Valdis Dombrovskis told Bloomberg that the forecasts confirmed that the European economy is facing a “stagflationary shock,” noting that the scenario is based on futures markets for oil and gas. If energy prices stay higher for longer, however, growth prospects for the EU will be roughly halved both this year and next, he said. Even in those more negative scenarios, countries should stick with temporary and targeted responses, Dombrovskis said. His comments reflect concerns in Brussels that countries like France and Italy could breach fiscal rules as they seek to shore up their economies. French Prime Minister Sébastien Lecornu is due to announce measures to help those worst hit by the energy crisis later today, while Italy’s Giorgia Meloni has called for greater flexibility from Brussels when it comes to energy-related budget spending. Separately, the EU’s top economy official also revealed that Britain blindsided allies by its decision to loosen Russian oil sanctions, not informing G7 colleagues of the move at the meeting of finance ministers in Paris earlier this week. “Now is not the time to roll back sanctions against Russia,” Dombrovskis told a press conference this morning. Instead, it’s important to sustain “and if anything strengthen sanctions against Russia” in the current situation, he said. Despite the admonition, the EU is considering temporarily lift...
Joe Hendrickson/iStock Editorial via Getty Images The industry environment hasn’t developed well for CarMax, Inc. ( KMX ) in recent quarters. Used car prices continue to decline, and car purchases remain sluggish, causing pressure on both sales volume and margins. A recovery hasn’t materialized yet, and the short-term outlook remains concerning. There's still clear potential in the investment over...
Joe Hendrickson/iStock Editorial via Getty Images The industry environment hasn’t developed well for CarMax, Inc. ( KMX ) in recent quarters. Used car prices continue to decline, and car purchases remain sluggish, causing pressure on both sales volume and margins. A recovery hasn’t materialized yet, and the short-term outlook remains concerning. There's still clear potential in the investment over a longer horizon. Industry conditions should normalize at some point, and following a CEO change and Starboard Value’s activist pressure, CarMax is going through very reasonable strategic changes. A low valuation creates high, albeit risky, upside potential. I maintained a Hold rating in my previous December 2024 article on the stock, titled “ CarMax: Q3, Earnings Momentum Is Starting To Return ”. The stock has since lost -55% of its value, meanwhile the S&P 500 has returned 25%. My Rating History on KMX (Seeking Alpha) The Industry Environment Remains Weak, Weakening CarMax’s Earnings CarMax's financial performance has been volatile in the past couple of years. The positive earnings trend that had started in FY2025 didn’t stick around, and CarMax’s earnings have once again turned to a significant decline during the past three reported quarters. Author's Illustration Using TIKR Data The latest fiscal Q4 report again showed major weakness in key operating metrics. Comparable store used unit sales declined by -1.9%, and the average price per sold used unit declined by -0.4%. Average gross profit per sold retail unit declined by $207 to $2115, reflecting a sharp -9.6% decrease in the potentially most important operational metric . The wholesale segment showed a 3.0% volume improvement, but a similarly weak gross profit performance. A weak operating performance clearly shows up in earnings – despite great SG&A control, CarMax’s adjusted EPS nearly halved to $0.34 from $0.64 a year ago. CarMax has decided to drive unit sales stabilization by competing with price, helping stabil...
Highlights (in million USD, except LPS) Q1 2026 Q1 2025 Net Revenues $7.9 $7.8 Net Loss ($0.1) ($4.5) Adjusted Net Income / (Loss)1 $0.2 ($4.4) EBITDA1 $2.9 $0.7 Adjusted EBITDA1 $3.2 $0.9 Net loss per share Basic and Diluted ($0.01) ($0.52) Adjusted earnings / (loss) per share Basic1 and Diluted1 $0.02 ($0.50) Other Highlights and Developments: $62.2 million Expansion in Capesizes Enhances Earnin...
Highlights (in million USD, except LPS) Q1 2026 Q1 2025 Net Revenues $7.9 $7.8 Net Loss ($0.1) ($4.5) Adjusted Net Income / (Loss)1 $0.2 ($4.4) EBITDA1 $2.9 $0.7 Adjusted EBITDA1 $3.2 $0.9 Net loss per share Basic and Diluted ($0.01) ($0.52) Adjusted earnings / (loss) per share Basic1 and Diluted1 $0.02 ($0.50) Other Highlights and Developments: $62.2 million Expansion in Capesizes Enhances Earnings Visibility and Free Cash Flow Took delivery of the 2010-built Capesize M/V Dukeship, employed at a fixed rate of approximately $29,300 through year-end 2026. Acquired the 2010-built, scrubber-fitted Capesize M/V Squireship, with expected delivery in June 2026, meaningfully strengthening fleet earnings capacity. $21.0 Million Released through Portfolio Optimization and Capital Recycling Sold the 2009-built Kamsarmax M/V Cretansea for $14.7 million, generating approximately $5.9 million in net cash proceeds after debt repayment. Exited Offshore Energy Construction Vessel investment for approximately €13.0 million, realizing a profit of approximately €1.7 million. Declared 14th consecutive quarterly cash dividend of $0.10 per share, reaching $1.94 per share in cumulative distributions since November 2022 ____________________ 1 Adjusted earnings / (loss) per share, Adjusted net income / (loss), EBITDA and Adjusted EBITDA are non-GAAP measures. Please see the reconciliation below of Adjusted earnings / (loss) per share, Adjusted Net income / (loss), EBITDA and Adjusted EBITDA to net loss, the most directly comparable U.S. GAAP measure. GLYFADA, Greece, May 21, 2026 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the first quarter ended March 31, 2026. The Company also declared a quarterly dividend of $0.10 per common share for the first quarter of 2026. For the quarter ended March 31, 2026, the Company generated Net Revenues of $7.9 million, broadly in line with the same period of 2025. Net ...
ATHENS, Greece, May 21, 2026 (GLOBE NEWSWIRE) -- Euroholdings Ltd (NASDAQ: EHLD, the “Company” or “Euroholdings”), an owner and operator of container carriers and tanker vessels and provider of container and tanker seaborne transportation services, announced today its results for the quarter ended March 31, 2026. First Quarter 2026 Financial Highlights: Total net revenues of $7.6 million. Net inco...
ATHENS, Greece, May 21, 2026 (GLOBE NEWSWIRE) -- Euroholdings Ltd (NASDAQ: EHLD, the “Company” or “Euroholdings”), an owner and operator of container carriers and tanker vessels and provider of container and tanker seaborne transportation services, announced today its results for the quarter ended March 31, 2026. First Quarter 2026 Financial Highlights: Total net revenues of $7.6 million. Net income of $2.4 million; or $0.84 earnings per share basic and diluted. Adjusted net income for the period remained unchanged to $2.4 million or $0.84 per share basic and diluted. Adjusted EBITDA 1 was $3.1 million. was $3.1 million. An average of 3.0 vessels were owned and operated during the first quarter of 2026 earning an average time charter equivalent rate of $28,388 per day. Declared a quarterly dividend of $0.14 per share for the first quarter of 2026, payable on or about June 16, 2026, to shareholders of record on June 9, 2026. ___________________ 1Adjusted EBITDA, Adjusted net income and Adjusted income per share are not recognized measurements under US GAAP (GAAP) and should not be used in isolation or as a substitute for Euroholdings financial results presented in accordance with GAAP. Refer to a subsequent section of the Press Release for the definitions and reconciliation of these measurements to the most directly comparable financial measures calculated and presented in accordance with GAAP. Recent Developments: The Company agreed to acquire a medium-range (MR) product tanker vessel with capacity of 49,997 dwt, built in 2015 in South Korea, from a related party of Marla Investments Inc., our majority shareholder, not under common control. The vessel will be purchased for a price of $39.25 million, with delivery expected between mid-June and mid-August of 2026. The transaction was approved by an independent committee consisting of disinterested directors. The Company will use own funds and debt to finance the acquisition of the vessel. Aristides Pittas, Chairman, P...
FBI Charges Assistant US Attorney For Stealing Smith Report Docs In Trump 'Witch Hunt' Case Authored by Jonathan Turley, Former Justice Department prosecutor Carmen Mercedes Lineberger has been indicted for allegedly removing confidential Justice Department material and then concealing her efforts. Lineberger is accused of secretly transferring Jack Smith’s final report and hiding the material und...
FBI Charges Assistant US Attorney For Stealing Smith Report Docs In Trump 'Witch Hunt' Case Authored by Jonathan Turley, Former Justice Department prosecutor Carmen Mercedes Lineberger has been indicted for allegedly removing confidential Justice Department material and then concealing her efforts. Lineberger is accused of secretly transferring Jack Smith’s final report and hiding the material under files labeled “chocolate cake recipe” and “bundt cake recipe.” There has not been a greater recipe for disaster since aides tried to fit all of Biden’s candles on a cake. The case is particularly interesting because there was another person who was accused of a secret removal of Justice Department material who was not prosecuted: former FBI Director James Comey. Linebarger, 62, of Port St. Lucie, Florida, has been indicted on four criminal charges: one felony count of obstruction of justice, one felony count of concealing government records and two misdemeanor counts of theft of government property valued at less than $1,000. According to the indictment , Lineberger altered electronic file names of government records to conceal unauthorized transmissions of the documents to her personal email accounts and used file names for cake recipes to conceal her possession of the confidential information. U.S. District Judge Aileen Cannon blocked the public release of the report after the prosecution collapsed against the President. The Justice Department alleges that Lineberger received a copy of Smith’s report before the court sealed it. Months later, she allegedly decided to transfer it to her personal email account in violation of the court order and Justice Department rules. She has now pleaded not guilty and faces up to 20 years on the obstruction charge and other charges. The decision is notable for a couple of reasons. First, Smith made one last move in dismissing the case against Trump that left the door open to resuming his prosecution. Smith moved to dismiss the indictm...
Kore.ai on Wednesday launched what amounts to a ground-up reinvention of its core technology: the Artemis edition of its Agent Platform , a system designed to let enterprises build, govern, and optimize AI agents using AI itself — compressing what has traditionally been months of engineering work into days. The platform arrives at a moment when every major technology vendor — from Microsoft and Sa...
Kore.ai on Wednesday launched what amounts to a ground-up reinvention of its core technology: the Artemis edition of its Agent Platform , a system designed to let enterprises build, govern, and optimize AI agents using AI itself — compressing what has traditionally been months of engineering work into days. The platform arrives at a moment when every major technology vendor — from Microsoft and Salesforce to Google and ServiceNow — is racing to become the default infrastructure for enterprise AI agents. Kore.ai's answer to that crowded field is a bet on neutrality, a proprietary intermediary language for defining agents, and a philosophy that AI, not human developers, should do most of the heavy lifting. "We're trying to change the paradigm about how people design, build, deploy and optimize agentic AI applications," Raj Koneru, the company's founder and CEO, told VentureBeat in an exclusive interview ahead of the launch. "The whole theme that we are now coming out with is you do AI with AI — you design with AI, you build with AI, you test with AI, you deploy with AI, manage with AI, and optimize with AI." A new YAML-based language aims to standardize how enterprises define and govern AI agents At the technical core of the Artemis platform sits Agent Blueprint Language (ABL), a compiled, declarative language built on YAML that standardizes how AI agents, workflows, and multi-agent systems are defined, validated, and governed. Kore.ai describes it as an intermediary layer that sits between the natural-language instructions a business user might provide and the production infrastructure where agents actually run. ABL comes with its own parser, compiler, and runtime. It supports six built-in orchestration patterns — supervisor, delegation, handoff, fan-out, escalation, and agent-to-agent federation — that govern how multiple agents coordinate on complex tasks. Koneru framed ABL as addressing a fundamental gap in the current AI landscape. "There's a lot of value in gene...
Resolve AI , the production-operations startup backed by Greylock and Lightspeed Venture Partners , today announced a sweeping expansion of its platform that introduces always-on background agents, a redesigned investigation architecture, and a shared workspace where engineers and AI agents collaborate in real time on live incidents. The centerpiece of the release is a new multi-agent investigatio...
Resolve AI , the production-operations startup backed by Greylock and Lightspeed Venture Partners , today announced a sweeping expansion of its platform that introduces always-on background agents, a redesigned investigation architecture, and a shared workspace where engineers and AI agents collaborate in real time on live incidents. The centerpiece of the release is a new multi-agent investigation system developed by Resolve AI's in-house research lab. Instead of deploying a single AI agent to diagnose a production failure — analogous to a lone engineer pulling an on-call shift — the platform now dispatches a coordinated team of specialized agents that pursue multiple hypotheses in parallel, independently verify each other's conclusions, and construct complete causal chains from root cause to symptom. The company says the architecture delivers more than a twofold improvement in root cause accuracy on its internal evaluation benchmarks compared to earlier versions of its platform. "Think of a single agent being on call, the way a human would be," Resolve AI CEO and co-founder Spiros Xanthos told VentureBeat in an exclusive interview ahead of the announcement. "We now have a team of agents that all work together, almost like a team of humans debugging an issue, and that has improved quality by 2x." The announcement arrives at a moment of acute tension in the software industry. AI-powered code generation has exploded in adoption, enabling engineering teams to ship dramatically more software than they could two years ago. But keeping that software running in production — debugging it when it breaks, monitoring it after deployment, auditing its health — remains overwhelmingly manual. For a company that raised a $125 million Series A at a $1 billion valuation earlier this year, Resolve AI is making a direct bet that the operational side of the software lifecycle is the next major frontier for AI investment. What hundreds of real-world test cases reveal about the accuracy...
Giga Energy Logo Houston, TX, May 21, 2026 (GLOBE NEWSWIRE) -- Giga Energy today announced that Angad Sandhu has joined the company as Chief Technology Officer. Sandhu brings experience from both Tesla and Google, where he helped lead large-scale manufacturing and data center infrastructure projects during a period of rapid growth in AI and cloud computing. Giga Energy Announces Angad Sandhu as Ch...
Giga Energy Logo Houston, TX, May 21, 2026 (GLOBE NEWSWIRE) -- Giga Energy today announced that Angad Sandhu has joined the company as Chief Technology Officer. Sandhu brings experience from both Tesla and Google, where he helped lead large-scale manufacturing and data center infrastructure projects during a period of rapid growth in AI and cloud computing. Giga Energy Announces Angad Sandhu as Chief Technology Officer Angad Sandhu, Chief Technology Officer at Giga Energy “We could not be more excited to have Angad on our team,” said Matt Lohstroh, CEO of Giga Energy. “Not just his experience, but his vision. He sees the future of AI infrastructure and development, he knows what we need to do to build it, and he sees Giga as the best place to make that happen.” Before joining Giga Energy, Sandhu served as Director of Data Center Infrastructure at Google, where he worked on the expansion of AI and cloud infrastructure. Before Google, he spent five years at Tesla helping scale its Gigafactory engineering and manufacturing operations. Sandhu said he joined Giga because the company is approaching AI data center development differently from the rest of the market. Most data center and energy projects rely on long supply chains, disconnected contractors, and years-long construction timelines. Giga vertically integrates both manufacturing and development under one model, allowing projects to move faster and with fewer bottlenecks. “I have experienced every frustration throughout the data center supply chain, and Giga Energy was the only company that started with manufacturing to solve the time-to-energization bottleneck,” said Sandhu. “There is nowhere else I’d rather be.” At Giga Energy, Sandhu will help lead the company’s next phase of growth as it expands its AI infrastructure and data center capabilities. His focus will include scaling factory-built infrastructure systems designed to bring new power and compute capacity online faster than traditional construction metho...
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Yesterday, I built my first Android app. Then, I made two more — three in one afternoon. For one, I literally typed 148 words into my web browser and walke...
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Yesterday, I built my first Android app. Then, I made two more — three in one afternoon. For one, I literally typed 148 words into my web browser and walked away. Ten minutes later, I had an entire new app on my actual Android phone. I did have to prep that phone by enabling a USB debugging mode and plugging it into my PC, but as advertised, Google’s AI Studio did literally everything else for me. Then, I tried actually using my three apps: a calorie counter and two games. They were kind of bad. And just when I started to enjoy iterating on them, trying to make them better, AI Studio informed me I’d reached my daily limit. I’d have to pay or wait for more. So yes, there’s still friction, but it’s impressive how much you can do. In one morning, my colleague Stevie Bonifield made a personal workout tracker they found good enough to actually use. Confronted with Gemini’s upsell, my first reaction was: “What if I try paying for a couple months?” I didn’t expect that from Google. How Google’s AI Studio builds an Android app On Tuesday, when Google showed off AI coding on a Doom-like game, we joked that I should make MOOD. It would be a Doom-like text adventure game: Modern Online Oratory Dungeon. That was all Google needed to start. When I typed “Make me a Doom-like text adventure game called MOOD, where MOOD stands for Modern Online Oratory Dungeon” into AI Studio, Gemini began typing additional ideas itself, attempting to autocomplete my thought. To start, it typed the phrase “It should feature procedural generation of levels and challenging, turn based combat.” Gemini attempts to autocomplete my app idea. Image: Google I didn’t want randomized levels that all feel different — I wanted a classic text adventure where you’re explo...
Sankar says AI is helping people in different ways Palantir Technologies Chief Technology Officer (CTO) Shyam Sankar has publicly challenged the narrative around artificial intelligence (AI) and its widespread impact employment, specially layoffs. Speaking about the future of automation, Sankar argued that the tech industry and the public are looking to the wrong sources to understand how AI will ...
Sankar says AI is helping people in different ways Palantir Technologies Chief Technology Officer (CTO) Shyam Sankar has publicly challenged the narrative around artificial intelligence (AI) and its widespread impact employment, specially layoffs. Speaking about the future of automation, Sankar argued that the tech industry and the public are looking to the wrong sources to understand how AI will impact the global workforce.In an interview with Fox News, Sankar said that instead of focusing entirely on Silicon Valley executives, he stated that the real answers lie with frontline, blue-collar and healthcare workers.“We’re listening too much to the inventors of AI,” Sankar said during the discussion, adding, “I know that’s appealing. They’re geniuses.”However, the Palatir CTO stressed that the creators of large language models (LLMs) are often disconnected from how the software operates in real-world environments. He gave an example, pointing out that while tech executives frequently predict mass job losses, actual data from the field suggests a different trend toward workplace efficiency.In manufacturing, Sankar highlighted that instead of replacing factory personnel, automated tools are allowing managers to expand production lines.In Healthcare, he said that defensive AI software is being deployed to handle time-consuming administrative paperwork, allowing medical staff to focus on critical care.“We need to be listening to the frontline factory workers using AI saying, ‘Wow, I was able to add a third shift. I was able to hire more workers.’ Or the ICU nurse who says, ‘I was able to spend more time with my patients and ensure they don’t code during a shift change now,’” he said.Sankar’s remarks arrive at a time when major technology firms like Facebook-parent Meta and OpenAI continue to execute heavy corporate restructuring to balance massive investments in AI infrastructure. Meanwhile, companies like Anthropic and its CEO has openyl declared that AI will eat up many...
The International Monetary Fund lowered its growth forecast for France ’s economy this year as the shock of the Iran war hits activity and uncertainty builds ahead of next year’s presidential elections. The IMF expects gross domestic product to expand 0.7% in 2026, less than the 0.9% it predicted only last month. It said near-term risks to that outlook are tilted to the downside. “New headwinds fr...
The International Monetary Fund lowered its growth forecast for France ’s economy this year as the shock of the Iran war hits activity and uncertainty builds ahead of next year’s presidential elections. The IMF expects gross domestic product to expand 0.7% in 2026, less than the 0.9% it predicted only last month. It said near-term risks to that outlook are tilted to the downside. “New headwinds from the war in the Middle East are starting to weigh on activity,” the institution said in the concluding statement of its Article IV report on France. “Business investment and household consumption are set to moderate in response to the shock, amid a persistent wait-and-see attitude ahead of the 2027 elections.” The IMF also cautioned on risks around France’s efforts to reduce its budget deficit, which have run into difficulty in recent years as successive governments have struggled to get belt-tightening measures through a divided parliament. That instability has triggered bond market selloffs, driving up France’s financing costs relative to peers. The IMF said the upcoming elections could provide an opportunity for France to set out a credible strategy to repair its finances, but cautioned that the heightened political uncertainty could delay efforts in the short term. Fiscal risks could also revive market pressures, according to the institution. “Despite recent progress, fiscal consolidation remains slower than planned and still subject to significant implementation risks,” the IMF said. French Resilience to War Fallout Wilts in Blow to Budget Efforts France’s Moulin Says Deficit Situation Serious, Not Catastrophic France’s Lescure Sees Economy Bouncing Back in Second Quarter
Clinically Proven Hair Growth Brand Brings Science-Backed Results to Mass and Specialty Retail MIAMI, May 21, 2026 /PRNewswire/ -- F.A.S.T. Haircare, the first clinically proven hair growth brand shown to accelerate hair growth up to 99% in a 12-week study*, builds upon its national retail footprint in JCPenney, CVS, and Amazon, with an upcoming rollout to Sally Beauty in June 2026, followed by H-...
Clinically Proven Hair Growth Brand Brings Science-Backed Results to Mass and Specialty Retail MIAMI, May 21, 2026 /PRNewswire/ -- F.A.S.T. Haircare, the first clinically proven hair growth brand shown to accelerate hair growth up to 99% in a 12-week study*, builds upon its national retail footprint in JCPenney, CVS, and Amazon, with an upcoming rollout to Sally Beauty in June 2026, followed by H-E-B in August 2026. f.a.s.t. Fortified Amino Scalp Therapy The expansion will grow the brand's U.S. retail footprint by more than 332% in 2026, bringing F.A.S.T. Haircare into more than 3,000 retail doors nationwide across salon, specialty beauty, mass retail, regional, and e-commerce channels, significantly increasing accessibility for consumers seeking clinically tested hair growth solutions. Following an acquisition and brand relaunch led by beauty industry veterans Jeff and Carolyn Aronson, the globally distributed brand, already sold in more than 40 countries, is rapidly scaling its U.S. presence, reinforcing its evolution from niche hair growth treatment to mainstream haircare brand. The brand's upcoming launches in all 2,300 Sally Beauty U.S. doors and 85 H-E-B locations further accelerate its transition from niche growth to a nationally accessible haircare brand. As consumers increasingly approach haircare through a scalp-health and treatment-focused lens, demand for science-backed hair growth solutions continues to rise. "How to grow hair faster" is now the #1 most-searched phrase in haircare, generating approximately 1.3 million monthly U.S. searches, and signaling growing consumer demand for clinically proven growth solutions. F.A.S.T. Haircare is now available in over 3,000 doors nationwide across key retail partners, reaching both everyday consumers and professional, highly engaged beauty shoppers. The rollout across specialty beauty, mass retail, and e-commerce channels significantly expands accessibility for consumers seeking clinically proven hair growth sol...
In his first letter to shareholders as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) , Greg Abel emphasized that the company's culture and values would remain unchanged. This was music to the ears of investors who feared that once Warren Buffett stepped down, things would change drastically. However, although Abel is following in the footsteps of the Oracle of Omaha, he is still shaking thin...
In his first letter to shareholders as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) , Greg Abel emphasized that the company's culture and values would remain unchanged. This was music to the ears of investors who feared that once Warren Buffett stepped down, things would change drastically. However, although Abel is following in the footsteps of the Oracle of Omaha, he is still shaking things up somewhat. During the first quarter of his tenure as CEO of Berkshire Hathaway, Abel got rid of several stocks from the Buffett era, including one that had been in the conglomerate's portfolio for over a decade. Let's consider two of the stocks Abel dumped and whether investors should do the same. Image source: The Motley Fool. Berkshire Hathaway first bought Visa 's (NYSE: V) shares in 2011. As of the end of the first quarter, the conglomerate has gotten rid of every last one. Visa has been a great stock to own since 2011, a period during which it has crushed the broader market. So, why did Abel and his team decide it was time to call it quits? One popular theory is that Abel is eliminating the positions formerly managed by Todd Combs, who left the company at the end of last year. Visa was one of them, so Visa had to go. Continue reading
Wages fluctuate. Bonuses get cut. Side hustles burn out. Dividend income, by contrast, lands in a brokerage account on a schedule the holder did not negotiate and a boss cannot revoke. For investors building a portfolio that pays them regardless of what the broader market is doing in any given week, regulated utilities remain one ... These 3 Utility Stocks Have Been Paying Dividends for Decades an...
Wages fluctuate. Bonuses get cut. Side hustles burn out. Dividend income, by contrast, lands in a brokerage account on a schedule the holder did not negotiate and a boss cannot revoke. For investors building a portfolio that pays them regardless of what the broader market is doing in any given week, regulated utilities remain one ... These 3 Utility Stocks Have Been Paying Dividends for Decades and AI Data Centers Just Made Them More Valuable
JHVEPhoto Parker-Hannifin ( PH ) agreed to purchase the aerospace and defense unit of Circor from KKR ( KKR ) for more than $2.5 billion An announcement could come as soon as this week, according to a WSJ report on Thursday, which cited people familiar with the matter. KKR ( KKR ) agreed to buy Cicor for ~$1.7 billion , including debt, in 2023. In November, Parker Hannifin ( PH ) agreed to acquire...
JHVEPhoto Parker-Hannifin ( PH ) agreed to purchase the aerospace and defense unit of Circor from KKR ( KKR ) for more than $2.5 billion An announcement could come as soon as this week, according to a WSJ report on Thursday, which cited people familiar with the matter. KKR ( KKR ) agreed to buy Cicor for ~$1.7 billion , including debt, in 2023. In November, Parker Hannifin ( PH ) agreed to acquire Filtration Group on a cash-free, debt-free basis for a cash purchase price of $9.25 billion. More on Parker-Hannifin, KKR & Co. KKR & Co. Inc. (KKR) Q1 2026 Earnings Call Transcript KKR's Durable Growth Story Is Underappreciated KKR & Co. Inc. 2026 Q1 - Results - Earnings Call Presentation Barnes & Noble's CEO isn't afraid of AI-written literature ValueAct takes new stakes in KKR, SPOT, dumps NSIT, among Q1 moves
美国商务部表示,特朗普政府将向9家量子计算公司提供总额20亿美元的拨款,相关协议包含美国政府获取企业股权的条款。 此举旨在加快特朗普政府扶持这一新兴产业的计划。近几个月,量子计算领域已吸引投资者与企业的大量资金涌入。 美国商务部已同意从这笔资金中划拨10亿美元给 IBM 。IBM是量子计算领域的领军企业,其研发的计算机利用量子力学原理,运算速度远超传统超级计算机。量子计算若与人工智能技术结合,有望...
Zuberka/iStock via Getty Images Stocks rallied across the board yesterday, while oil prices nosedived by more than $5, and interest rates fell on continued hopes that there will be a conclusion to the war in Iran. They took their cue from President Trump’s assertion that he was in the “final stages” of negotiations with Iran. While that would be excellent news, I still have serious reservations. A...
Zuberka/iStock via Getty Images Stocks rallied across the board yesterday, while oil prices nosedived by more than $5, and interest rates fell on continued hopes that there will be a conclusion to the war in Iran. They took their cue from President Trump’s assertion that he was in the “final stages” of negotiations with Iran. While that would be excellent news, I still have serious reservations. At the same time, Iran’s chief negotiator claimed that Trump wants to restart the war, as he carries out “overt and clandestine movements” that signal a new attack. Yesterday’s rally was another opportunity for investors to lighten up on risk in preparation for a far more challenging summer. Finviz The technology sector led the rally in anticipation of Nvidia’s first-quarter earnings report after the close. The company did not disappoint with both top and bottom lines exceeding estimates. It also guided modestly above expectations for the upcoming quarter, raised its dividend, and added $80 billion to its stock buyback program. Yet shares were flat in after-hours trading after surging more than 15% this month. It looks like investors are selling the news, but I think they are starting to refocus on the macroeconomic environment now that earnings season is over. It looks like Nvidia may have been the last hurrah in this post-correction rally to new all-time highs for the S&P 500. Bloomberg The next catalyst, if there is one, will likely be a legitimate end to the war in the Middle East. It is anyone’s guess as to when that might happen, but the repeated jawboning by the Trump administration in hopes of lower oil prices and interest rates suggests the President wants out now. Still, this may result in another case of “sell the news,” because investors have been buying the rumor for seven weeks now. A steep drop in oil prices is expected, and I think it would do no more than substantiate the gains we have seen to date. As investors refocus on the economy until second quarter ea...
Victoria’s Secret ( VSCO ) announced on Thursday that its shares will start trading under the new ticker symbol “VSXY” on the NYSE from June 2, 2026. The company said the new ticker reflects its stronger focus on its brand identity and its strategy to connect better with customers. CEO Hillary Super said the company wants to celebrate “sexy” in a more personal, modern, and inclusive way for women....
Victoria’s Secret ( VSCO ) announced on Thursday that its shares will start trading under the new ticker symbol “VSXY” on the NYSE from June 2, 2026. The company said the new ticker reflects its stronger focus on its brand identity and its strategy to connect better with customers. CEO Hillary Super said the company wants to celebrate “sexy” in a more personal, modern, and inclusive way for women. Victoria’s Secret ( VSCO ) will also report its Q1 2026 financial results before the market opens on June 2, 2026. Source: Press Release More on Victoria’s Secret Victoria's Secret: Upgrading To A Cautious Hold, Due To The Sustained Demand Victoria's Secret: Bull Case Is Playing Out Nicely Victoria's Secret: A Clear Turnaround Opportunity (Rating Upgrade) Victoria's Secret defends itself as the proxy fight heats up David Einhorn of Greenlight Capital touts 5 'transition stories' at Sohn Conference
(RTTNews) - Following the rally seen in the previous session, stocks may move back to the downside in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.3 percent. The downward momentum on Wall Street comes amid a sharp increase in the price of crude oil and a subsequent rebound in treasury yields. U.S. crud...
(RTTNews) - Following the rally seen in the previous session, stocks may move back to the downside in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.3 percent. The downward momentum on Wall Street comes amid a sharp increase in the price of crude oil and a subsequent rebound in treasury yields. U.S. crude oil futures have surged by more than 2 percent and jumped back above $100 a barrel as traders await developments on a U.S.-Iran peace deal. Yields are also moving back to the upside after plummeting on Wednesday, although the yield on the benchmark ten-year note remains well off Tuesday's one-year highs. A negative reaction to earnings news from Nvidia (NVDA) may also weigh on Wall Street, with the AI leader sliding by 0.7 percent in pre-market trading. The decrease by shares of Nvidia comes even though the chipmaker reported better than expected first quarter results, as investors worry about the sustainability of its rapid growth. "The chip giant is starting to sound like a broken record, playing the same message over and over again," said Dan Coatsworth, head of markets at AJ Bell. It effectively says AI demand is strong, lots of customers are queuing up for its chips, and there is still much more to go for." "The market's attention is now focused on how long Nvidia can sustain this momentum," he added. "Even the fastest or strongest athletes run out of steam at some point, and investors are starting to worry that Nvidia cannot keep up its current pace." Disappointing earnings news from Walmart (WMT) may also generate some negative sentiment, with the retail giant plunging by 2.8 percent in pre-market trading. Stocks moved sharply higher over the course of the trading day on Wednesday, regaining ground after trending lower over the past few sessions. The major averages all showed strong moves to the upside on the day. The major averages ended the day just off their hig...
US equity futures were edging lower pre-bell Thursday despite upbeat fiscal Q1 financial results pos 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.
US equity futures were edging lower pre-bell Thursday despite upbeat fiscal Q1 financial results pos 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.
Key Points You may need to cut back on spending when the market takes a tumble. While you should be prepared to cut discretionary expenses, you don't necessarily need to rush to the extreme of cutting basics. Having a strong cash buffer could help you maintain the lifestyle you're used to when the market doesn't cooperate. The $23,760 Social Security bonus most retirees completely overlook › When ...
Key Points You may need to cut back on spending when the market takes a tumble. While you should be prepared to cut discretionary expenses, you don't necessarily need to rush to the extreme of cutting basics. Having a strong cash buffer could help you maintain the lifestyle you're used to when the market doesn't cooperate. The $23,760 Social Security bonus most retirees completely overlook › When you're in the process of saving for retirement, a stock market downturn can be aggravating. When you're actually retired and are living off of your IRA or 401(k), a stock market downturn can be downright scary. At that point, you risk locking in significant portfolio losses if you continue tapping your savings for money when the value of your investments is down. So it's important to be flexible in these situations, which means being prepared to reduce your spending. 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 » Just how much should you reduce? The goal is to cut a reasonable amount while also making sure your basic needs aren't being neglected. Limit cuts to discretionary spending first When the market first tumbles, it's natural to panic. But one thing to remember is that not all market downturns are years-long events. As such, you shouldn't necessarily rush to give up your car or start limiting yourself to discount grocers only. A better idea is to review your discretionary spending and make cuts in categories like dining out, entertainment, and travel. But even those cuts need to be reasonable. If you have strong savings, a market downturn doesn't have to mean you can't have a single streaming service or go out to dinner once a month. It just means you need to be careful. Move on to regular expenses if you're in a serious crunch If there's a prolonged stock market downturn during retirement and you ...
This article first appeared on GuruFocus. Amazon (AMZN, Financials) Chairman Jeff Bezos said concerns that artificial intelligence will replace large numbers of workers are overstated, arguing that the technology will enhance human capabilities and support economic growth. Speaking in an interview with CNBC, Bezos rejected predictions of widespread job displacement, saying AI is more likely to inc...
This article first appeared on GuruFocus. Amazon (AMZN, Financials) Chairman Jeff Bezos said concerns that artificial intelligence will replace large numbers of workers are overstated, arguing that the technology will enhance human capabilities and support economic growth. Speaking in an interview with CNBC, Bezos rejected predictions of widespread job displacement, saying AI is more likely to increase worker productivity and create new opportunities. He said the technology will elevate workers rather than replace them, while helping businesses operate more efficiently. Bezos also predicted that advances in AI could contribute to lower costs across a range of products and services through productivity gains. However, he cautioned that the technology's benefits may be limited if governments impose restrictive regulations before its full potential is understood. The comments come as Amazon continues to expand its AI investments, with plans to allocate about $200 billion in capital expenditures toward AI technologies. At the same time, the company has announced approximately 16,000 corporate job reductions this year as it seeks operational efficiencies. Bezos' remarks arrive amid growing public debate over AI's impact on employment, with surveys showing many consumers remain concerned about the technology's expanding role in daily life.