Image source: The Motley Fool. Wednesday, May 20, 2026 at 11:00 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Laurence Penn Chief Financial Officer — Christopher Smernoff Chief Investment Officer — Gregory Borenstein Portfolio Manager — Jason Frank Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS GAAP Net Loss -- $0.86 per share, driven primarily by mark-to-market l...
Image source: The Motley Fool. Wednesday, May 20, 2026 at 11:00 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Laurence Penn Chief Financial Officer — Christopher Smernoff Chief Investment Officer — Gregory Borenstein Portfolio Manager — Jason Frank Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS GAAP Net Loss -- $0.86 per share, driven primarily by mark-to-market losses in CLO equity. -- $0.86 per share, driven primarily by mark-to-market losses in CLO equity. Adjusted Net Investment Income -- $0.19 per share, a $0.02 sequential decline due to lower asset yields on CLO equity positions. -- $0.19 per share, a $0.02 sequential decline due to lower asset yields on CLO equity positions. Net Asset Value (NAV) -- $4.09 per share at March 31, with an estimated April 30 range of $4.26 to $4.32 per share (midpoint $4.29). -- $4.09 per share at March 31, with an estimated April 30 range of $4.26 to $4.32 per share (midpoint $4.29). CLO Portfolio Size -- $308 million at March 31, rising to approximately $328 million by April 30, a growth of over 6% month over month. -- $308 million at March 31, rising to approximately $328 million by April 30, a growth of over 6% month over month. Cash and Cash Equivalents -- $57.7 million held at March 31, supported by recently issued debt capital. -- $57.7 million held at March 31, supported by recently issued debt capital. Senior Unsecured Notes Issuance -- $54 million of 8.5% five-year notes issued in late March, with $2.3 million in issuance costs fully expensed. -- $54 million of 8.5% five-year notes issued in late March, with $2.3 million in issuance costs fully expensed. CLO Portfolio Composition -- CLO equity made up 53% of portfolio holdings at quarter end, up from 52% at year-end; European CLO exposure decreased to 10% from 12%. -- CLO equity made up 53% of portfolio holdings at quarter end, up from 52% at year-end; European CLO exposure decreased to 10% from 12%. Trading Activity -- 44 trades execut...
Earnings Call Insights: Ellington Credit Company (EARN) Q4 fiscal 2026 Management View "The first calendar quarter of 2026 was marked by continued volatility in the CLO market... [which] led to a decline in our NAV, but our active trading and up in the capital stack bias, once again drove our outperformance versus peers." (CEO, President & Trustee Laurence Penn) "We believe that the first quarter ...
Earnings Call Insights: Ellington Credit Company (EARN) Q4 fiscal 2026 Management View "The first calendar quarter of 2026 was marked by continued volatility in the CLO market... [which] led to a decline in our NAV, but our active trading and up in the capital stack bias, once again drove our outperformance versus peers." (CEO, President & Trustee Laurence Penn) "We believe that the first quarter largely represented a technical dislocation that reset valuations and expanded the opportunity set rather than a fundamental deterioration in underlying credit quality." (CEO, President & Trustee Penn) "Importantly, we were able to issue debt capital at the end of March, which enabled us to move quickly to capitalize on this opportunity-rich environment by deploying those proceeds promptly and opportunistically." (CEO, President & Trustee Penn) "In late March, the fund issued $54 million of 8.5% 5-year senior unsecured notes." (CEO, President & Trustee Penn) "These recent maneuvers contributed to our strong monthly economic return of nearly 7% in April and position us for improved earnings capacity as we rebuild net investment income." (CEO, President & Trustee Penn) "For the quarter ended March 31, 2026... we reported a GAAP net loss of $0.86 per share." (Chief Financial Officer Christopher Smernoff) "Adjusted net investment income declined by $0.02 sequentially to $0.19 per share for the quarter, driven by lower asset yields on our CLO equity positions." (Chief Financial Officer Smernoff) Outlook "Market conditions have subsequently improved so far in the second quarter, and this has been a tailwind for what is shaping up to be a strong quarter." (CEO, President & Trustee Penn) "As of April 30, the estimated range on our NAV per share was $4.26 to $4.32 with a midpoint of $4.29." (Chief Financial Officer Smernoff) "I think after this current quarter is over, that's when you'll see the momentum in our adjusted net investment income... be back on the upswing, given the timi...
This article first appeared on GuruFocus. Intel (INTC, Financials) is reportedly encouraging PC makers to use chips built on its newer 18A production process, a move Wedbush Securities says may show the company is focused on protecting margins. The reported push comes as Intel tries to regain ground in advanced chip manufacturing and strengthen confidence in its foundry roadmap. Wedbush said the s...
This article first appeared on GuruFocus. Intel (INTC, Financials) is reportedly encouraging PC makers to use chips built on its newer 18A production process, a move Wedbush Securities says may show the company is focused on protecting margins. The reported push comes as Intel tries to regain ground in advanced chip manufacturing and strengthen confidence in its foundry roadmap. Wedbush said the strategy makes sense because newer chips can help Intel defend pricing and improve profitability at a time when competition in the PC and semiconductor markets remains intense. For investors, the issue is whether Intel can turn its manufacturing investments into stronger financial results. The company has spent heavily to rebuild its technology position, but markets are still watching for clearer signs of execution. The move also shows how important the PC market remains for Intel as it works to balance growth, costs and margin recovery.
In this article ABNB Follow your favorite stocks CREATE FREE ACCOUNT Dado Ruvic | Reuters Airbnb CEO Brian Chesky said the rental platform could become an Amazon for travel as the company adds hotels and new services in its latest push to become an everything app for vacationers. "I imagine one day we'll have dozens, possibly even hundreds of categories, just like Amazon," CEO Brian Chesky told CN...
In this article ABNB Follow your favorite stocks CREATE FREE ACCOUNT Dado Ruvic | Reuters Airbnb CEO Brian Chesky said the rental platform could become an Amazon for travel as the company adds hotels and new services in its latest push to become an everything app for vacationers. "I imagine one day we'll have dozens, possibly even hundreds of categories, just like Amazon," CEO Brian Chesky told CNBC's Andrew Ross Sorkin. "I think we can build a little bit, like an Amazon for services, at least for traveling and living." Airbnb on Wednesday added independent hotels and services such as car rentals, grocery delivery and luggage storage to its app, in its latest expansion beyond home rentals. Guests can also book boutique hotels on Airbnb, and the company is incentivizing users with up to 15% back in platform credits. Chesky said the new additions build on the growing services needs in a "very fragmented" travel and living market. He told CNBC that the company would also consider adding equipment rentals for activities like surfing and skiing, and gym passes down the road. Courtesy: Airbnb Airbnb is in the middle of a multi-phase redesign after dialing back initial expansion plans during the Covid-19 pandemic. Last summer, the company launched a services business with 10 categories, in a major app design overhaul . Since then, Airbnb has brought social features to the platform and an updated artificial intelligence chatbot. The company's AI strategy is also getting another upgrade this year. Airbnb said its chatbot tool can now fix booking issues within the chat, and the company is adding an AI feature that summarizes guest reviews. Later this year, the company plans to bring AI voice assistant to its chatbot and AI-generated summaries for listings. Business chief Dave Stephenson said Airbnb is using a combination of tools from open-source and large language model makers for its AI features. "We're very judicious in using the right model for the right purpose, which is...
Just days after the Senate narrowly confirmed Kevin Warsh as the next chair of the Federal Reserve, the inflation picture took a sharp turn for the worse. Consumer prices rose 3.8% in April, the highest annual rate since May 2023. And wholesale prices -- often viewed as an early warning system for what consumers will eventually pay -- climbed 6%, the biggest 12-month increase since December 2022. ...
Just days after the Senate narrowly confirmed Kevin Warsh as the next chair of the Federal Reserve, the inflation picture took a sharp turn for the worse. Consumer prices rose 3.8% in April, the highest annual rate since May 2023. And wholesale prices -- often viewed as an early warning system for what consumers will eventually pay -- climbed 6%, the biggest 12-month increase since December 2022. The yield on the benchmark 10-year Treasury note, meanwhile, has pushed up to roughly 4.6% as of this writing, a one-year high. It's a difficult inheritance. Warsh, who won confirmation on a 54-45 vote last Wednesday and is set to be sworn in Friday, isn't taking over the rate-setting committee just to manage routine policy decisions. He'll have to navigate the first real inflation scare since the post-pandemic surge, and he'll have to do so while navigating a White House that has openly demanded lower interest rates, even as Trump said this week he would let Warsh act independently on rates. What investors might expect from a Warsh-led Fed -- and how rate-sensitive corners of the market could behave in the meantime -- comes down to two facts: prices are accelerating, and the new chair reportedly has historically cared more about inflation than the typical policymaker. Continue reading
Sam Altman, chief executive officer of OpenAI Inc., speaks during BlackRock's 2026 Infrastructure Summit in Washington, DC, US, on Wednesday, March 11, 2026. Daniel Heuer | Bloomberg | Getty Images OpenAI is preparing to confidentially file a draft of its IPO prospectus as soon as Friday, as the company gears up for what could be one of the largest public markets debuts in history, CNBC confirmed ...
Sam Altman, chief executive officer of OpenAI Inc., speaks during BlackRock's 2026 Infrastructure Summit in Washington, DC, US, on Wednesday, March 11, 2026. Daniel Heuer | Bloomberg | Getty Images OpenAI is preparing to confidentially file a draft of its IPO prospectus as soon as Friday, as the company gears up for what could be one of the largest public markets debuts in history, CNBC confirmed on Wednesday. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
What Happened? Shares of memory chips maker Micron (NASDAQ:MU) fell 7.2% in the afternoon session after a broad-based sell-off hit the semiconductor sector following news of a potential strike at Samsung and a stake sale by Taiwan Semiconductor Manufacturing (TSMC), which rattled global chip supply chains. These events highlighted significant supply-chain risks, triggering a sharp reversal across ...
What Happened? Shares of memory chips maker Micron (NASDAQ:MU) fell 7.2% in the afternoon session after a broad-based sell-off hit the semiconductor sector following news of a potential strike at Samsung and a stake sale by Taiwan Semiconductor Manufacturing (TSMC), which rattled global chip supply chains. These events highlighted significant supply-chain risks, triggering a sharp reversal across the chip industry. Adding to the sector's weakness were rising valuation concerns, inflation fears, and broader market jitters that led to renewed selling pressure on major companies like NVIDIA, Intel, and Micron Technology. Furthermore, ongoing supply constraints for rare earth materials, which are used in semiconductor manufacturing, reportedly caused delays and higher input costs for firms in the sector, compounding the negative sentiment for chip-related stocks. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Micron? Access our full analysis report here, it’s free. What Is The Market Telling Us Micron’s shares are extremely volatile and have had 47 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 5 days ago when the stock gained 5.4% as President Trump landed in Beijing alongside Nvidia CEO Jensen Huang and Micron CEO Sanjay Mehrotra for a summit with President Xi Jinping, raising hopes that the two sides could reach a deal to ease chip export restrictions and stabilise rare earth supply chain, the two pressure points that have most constrained the sector. Micron led the advance, with the broader Philadelphia Semiconductor Index building on its recent AI-driven momentum. Markets priced in higher odds of a U.S.-China tariff agreement by May 31, with speculation centred on a "small deal"...
Q: Do you have time to kill before kick-off? A: Yes. Aston Villa have won two European trophies in their history. And no we’re not counting the Intertoto Cup. Dignity, my friends, dignity. The first, and quite obviously the most special, is the 1982 European Cup, inspired by Ron Saunders but actually won by Tony Barton and Peter Withe. You can relive, rediscover or just read about that with David ...
Q: Do you have time to kill before kick-off? A: Yes. Aston Villa have won two European trophies in their history. And no we’re not counting the Intertoto Cup. Dignity, my friends, dignity. The first, and quite obviously the most special, is the 1982 European Cup, inspired by Ron Saunders but actually won by Tony Barton and Peter Withe. You can relive, rediscover or just read about that with David Lacey’s match report … … and Ben Fisher’s nostalgic chat with the players. A glorious victory that will never get old. Though is it as downright hilarious as their dismantling in the Super Cup the following year of Barcelona, who in the 1980s were a rugged shower of galoots and hoodlums? No of course it’s not. Glory days. But it’s long past the time Villa had another major European victory to celebrate. Can they turn Istanbul into Astonbul? They’re favourites to beat Freiburg tonight, and it doesn’t harm that their boss, Unai Emery, is also the guvnor of the Europa League, having won it four times already for Sevilla and Villarreal. Can John McGinn join Dennis Mortimer and Ken McNaught in hoisting some continental silver for the Villa? We’ll find out soon enough. Kick-off at Beşiktaş Stadyumu is at 8pm BST. It’s on!
Chewy (CHWY) stock recently retreated to near $20, down from its 52-week high of $48.62. Missed the pet e-commerce boom? Do not worry. There is still a strategic way to profit from Chewy’s long-term growth, with a potential margin of safety. Investors may be pricing in too much pessimism. But what if you could initiate a position at over 20% discount, securing shares at $15 each? Now we are talkin...
Chewy (CHWY) stock recently retreated to near $20, down from its 52-week high of $48.62. Missed the pet e-commerce boom? Do not worry. There is still a strategic way to profit from Chewy’s long-term growth, with a potential margin of safety. Investors may be pricing in too much pessimism. But what if you could initiate a position at over 20% discount, securing shares at $15 each? Now we are talking. If you think CHWY stock is a good long-term bet and have cash ready, here is a clever trade. The Trade: 20% annualized yield at 20% margin of safety, by selling Put Options CHWY currently trades near $20. You can sell a long-dated Put option expiring on March 19, 2027, with a strike price of $15, collecting roughly $187 in premium per contract (representing 100 shares). That represents a 15% annualized yield on the $1,500 you set aside. Plus, keeping this cash parked in a money market account earns an extra 5.0% annually. This pushes the total yield to a compelling 20.1%. Most importantly, you give yourself the chance to buy CHWY stock at the discounted price of $15. Sure, I see the 20% return. What if Chewy drops significantly from here? There are two ways this trade could unfold: CHWY stays above $15: You keep the full $187 premium. That equates to 12% extra income over the next 304 days on cash that might otherwise earn 5.0%. You never buy the stock. CHWY closes below $15: You will be obligated to buy 100 shares at $15. Thanks to the $187 premium collected, your effective cost basis is just $13.13 per share. This represents a roughly 33% discount from current trading levels. In short, this trade establishes a highly favorable risk-reward profile, provided you are comfortable owning Chewy for the long haul. Is that a good deal, though? If you end up owning CHWY stock, you hold a company that is: A leader in pet e-commerce: Chewy boasts over 21.3 million active customers. Chewy boasts over 21.3 million active customers. Consistently growing: Net sales generated $12.6 bi...
Florin Raducu Ianas/iStock via Getty Images UBS on Wednesday upgraded Packaging Corporation of America ( PKG ) from Neutral to Buy, raising its 12-month price target to $248 from $232, implying 22% upside from the stock's current price of $203.17. The upgrade was driven by analyst Anojja Shah's conviction that a $50-per-ton linerboard price increase slated for June will stick, on the back of impro...
Florin Raducu Ianas/iStock via Getty Images UBS on Wednesday upgraded Packaging Corporation of America ( PKG ) from Neutral to Buy, raising its 12-month price target to $248 from $232, implying 22% upside from the stock's current price of $203.17. The upgrade was driven by analyst Anojja Shah's conviction that a $50-per-ton linerboard price increase slated for June will stick, on the back of improving demand signals and tightening supply across the industry. June price hike at center of thesis Shah models the June increase as adding roughly $290 million in annualized earnings before interest, taxes, depreciation and amortization for PCA ( PKG ), with about half of that hitting in 2026. She does not believe this is currently reflected in consensus or buyside estimates. UBS now projects PCA's ( PKG ) 2026 and 2027 ebitda at $2.11 billion and $2.35 billion respectively, running 1.6% and 2.0% ahead of consensus. The firm believes the market is pricing in ebitda roughly 4% below UBS's 2026 estimate and 10% below its 2027 estimate. PCA ( PKG ) already achieved a $50-per-ton increase earlier this year. The question for investors is whether a second, back-to-back increase can hold. Demand and supply signals point positive Shah points to several indicators supporting the bullish case. PKG's own April bookings rose 4.5% year-over-year. A May survey from Pulp & Paper Week offered better-than-expected commentary on box market conditions. Private company checks conducted by UBS in late April and early May found broad-based demand improvement across multiple end markets. Supply is also tight. The North American containerboard industry removed roughly 10% of capacity in 2025, and smaller box makers are reportedly encountering short-term paper shortages. Cost pressures add further weight to the pricing argument. Old corrugated container prices are up more than 40% year-to-date and rose year-over-year in May for the first time since October 2024. Diesel is up nearly 60% year-over-ye...
A Russian jet flew within six metres of an RAF spy plane flying at 500mph over the Black Sea, one of two mid-air incidents last month described as “dangerous and unacceptable” by the defence secretary, John Healey. An Su-27 jet conducted six passes in front of an unarmed RAF Rivet Joint flying close to its nose, risking a collision that could have caused a diplomatic crisis between the two countri...
A Russian jet flew within six metres of an RAF spy plane flying at 500mph over the Black Sea, one of two mid-air incidents last month described as “dangerous and unacceptable” by the defence secretary, John Healey. An Su-27 jet conducted six passes in front of an unarmed RAF Rivet Joint flying close to its nose, risking a collision that could have caused a diplomatic crisis between the two countries. On a second occasion, a Russian Su-35 jet flew sufficiently close to the British spy plane that it set off its emergency systems, including disabling the autopilot, as the plane conducted a surveillance mission over international airspace. A Rivet Joint is a spy plane, with a crew of up to 30, capable of a wide range of electronic surveillance at a ranges of about 150 miles, and would have been monitoring Russian activity as part of a Nato patrol. “This incident is another example of dangerous and unacceptable behaviour by Russian pilots, towards an unarmed aircraft operating in international airspace,” Healey said. “These actions create a serious risk of accidents and potential escalation.” It is the most dangerous Russian action against a British Rivet Joint aircraft since a plane fired a missile over the Black Sea in 2022, the MoD said on Wednesday. Russia has been increasing its military activity in Europe. Lithuanian politicians sheltered underground on Wednesday and air traffic at Vilnius airport was temporarily suspended after a drone violated the country’s airspace. A day earlier, Russia’s ambassador to the UN claimed Moscow had information that Ukraine planned to launch military drones from Latvia and other Baltic states. Latvia dismissed the comments as “pure fiction”. Two Russian frigates escorted oil tankers and a suspected arms shipment through the North Sea and Dover strait last month, their activities requiring a month-long surveillance patrol by the Royal Navy. Last month, Healey revealed the UK had tracked three Russian submarines that loitered over cri...
Energy Transfer LP ( ET ) delivered a standout Q1 2026, posting 20% year-over-year Adjusted EBITDA growth and beating revenue expectations. The midstream giant raised its full-year 2026 EBITDA guidance by $750 million at the midpoint, now projecting $18.2 billion to $18.6 billion. With units trading near $20.39 and a distribution yield of 6.98%, the company continues to attract income-focused inve...
Energy Transfer LP ( ET ) delivered a standout Q1 2026, posting 20% year-over-year Adjusted EBITDA growth and beating revenue expectations. The midstream giant raised its full-year 2026 EBITDA guidance by $750 million at the midpoint, now projecting $18.2 billion to $18.6 billion. With units trading near $20.39 and a distribution yield of 6.98%, the company continues to attract income-focused investors. Despite the strong rally of more than 25% recently, analyst sentiment remains overwhelmingly bullish, with experts pointing to structural tailwinds that could sustain momentum while acknowledging execution risks ahead. What Do Seeking Alpha Analysts Say About Energy Transfer’s Future? Optimists pointed to Energy Transfer’s positioning as a primary beneficiary of the AI data center buildout, with long-term natural gas transport contracts supporting mid-teen returns and considerable earnings growth over the next decade. The company has now delivered 18 consecutive quarterly distribution increases, while NGL and refined product exports surged 19% year-over-year. Analysts highlighted ET’s integrated, irreplicable asset footprint and the expanded Flexport capacity as key competitive advantages. Skeptics, however, highlighted potential risks surrounding the execution of a $5.7 billion organic growth capital budget, representing a 26.6% year-over-year increase. While management characterizes debt leverage as “manageable,” the capital-intensive expansion plans require disciplined execution. Some analysts also noted that volatility in global energy markets, particularly conflicts in the Middle East, could impact commodity resilience and export dynamics. Here’s a breakdown of what some analysts had to say: Steven Fiorillo, Rating: Buy: “ET’s integrated infrastructure and data center-driven demand position it for substantial future cash flow growth, despite manageable leverage and execution risks… Energy Transfer increased its 2026 EBITDA guidance by $750 million at the midpoin...
Airbnb Inc. will let guests arrange luggage storage, airport pickups and car and equipment rentals, its latest effort to expand beyond short-term rentals. During its annual product event on Wednesday, the company announced a partnership with luggage storage platform Bounce, which works with retail stores, hotels and locker rentals in 175 cities to let people stow their bags before check-in or afte...
Airbnb Inc. will let guests arrange luggage storage, airport pickups and car and equipment rentals, its latest effort to expand beyond short-term rentals. During its annual product event on Wednesday, the company announced a partnership with luggage storage platform Bounce, which works with retail stores, hotels and locker rentals in 175 cities to let people stow their bags before check-in or after checkout for a small fee. Airbnb is also expanding private car pickups in major markets outside the US with airport transfer firm Welcome Pickups. The tie-up with Bounce follows a deal last year with Instacart to add grocery-stocking to the Airbnb app. The home-share company said Wednesday that it is expanding that service to more than 25 cities in the US. It is in talks with other companies globally to offer a similar offering overseas, Chief Executive Officer Brian Chesky said in an interview ahead of the announcement. Airbnb wants to “become an ecosystem of services” to address the top pain points in travel, Chesky said. “It’s almost like an app store where we work with other developers, other companies,” giving them access to Airbnb’s global customer base. With the exception of grocery delivery, which is a low-margin business, Airbnb takes a 10% to 15% commission from the third-party providers, he added. More offerings will be added this year, including car rentals with an undisclosed partner this summer, according to the company. Chesky said Airbnb is testing half a dozen more services, including equipment rentals for items such as skis. Working with third-party companies that have an established business, instead of solely with individual providers like private chefs or photographers, will accelerate Airbnb’s nascent “Services” business to stimulate annual revenue growth beyond 10%. Chesky has said that this segment, combined with “experiences” for booking travel activities, will help add $1 billion or more in revenue a year. But he has also cautioned that it may ta...
Airbnb Inc. Chief Executive Officer Brian Chesky defended his company’s use of Chinese artificial intelligence models, saying US lawmakers who worry Chinese firms can access Americans’ user data are “misunderstanding” the technology. “We are not providing data to any Chinese companies. They don’t have access to any data,” he said in an interview with Bloomberg News, his first public response to a ...
Airbnb Inc. Chief Executive Officer Brian Chesky defended his company’s use of Chinese artificial intelligence models, saying US lawmakers who worry Chinese firms can access Americans’ user data are “misunderstanding” the technology. “We are not providing data to any Chinese companies. They don’t have access to any data,” he said in an interview with Bloomberg News, his first public response to a US House probe into Airbnb’s use of Alibaba Group Holding Ltd. ’s Qwen large language model for its customer service chatbot. “We’re primarily using a variety of open-source models, including US open-source models,” he added. “An open-source model does not have access to data. It doesn’t work that way. I think people need to understand how this stuff works.” Last month, the House committees on China and homeland security sent a letter to Airbnb, asking for information about its use of Chinese AI models as part of an investigation into what they described as a Chinese campaign to “accelerate its AI capabilities by exploiting American innovation.” The heads of the panels seized on an October interview with Bloomberg, in which Chesky said his company preferred “fast and cheap” Qwen in certain situations. The committee members cited the comments, noting “serious concerns about the national security and data-security implications” for Airbnb’s “American customers and for the integrity of its systems.” Read More: Why China’s DeepSeek, Qwen and Moonshot Are a Worry for US AI Rivals The availability of low-cost AI models from China that can perform almost as well as costlier offerings from premier US labs sits at the heart of the escalating competition between the US and China to dominate the emerging technology. For cost-conscious enterprises, it makes less sense to use American tech if there are cheaper alternatives elsewhere. Those alternatives are helping deliver business wins. Airbnb, for its part, has touted the rollout over the past year of its AI customer service agent, whi...
Commercial Electricity Use Will Surpass Residential In 2027, As Price Surge Set To Continue: EIA By Robert Wilson of UtilityDive Commercial electricity consumption is likely to surpass residential use for the first time on record in 2027, the U.S. Energy Information Administration said Tuesday in its Short-Term Energy Outlook. The commercial sector, which includes hyperscalers, bitcoin miners and ...
Commercial Electricity Use Will Surpass Residential In 2027, As Price Surge Set To Continue: EIA By Robert Wilson of UtilityDive Commercial electricity consumption is likely to surpass residential use for the first time on record in 2027, the U.S. Energy Information Administration said Tuesday in its Short-Term Energy Outlook. The commercial sector, which includes hyperscalers, bitcoin miners and cloud computing, is expected to see electricity sales grow 2.2% to about 1,530 billion kWh in 2026 — roughly the same as the residential sector — followed by 5.3% growth the following year , EIA said. Demand from the residential sector, which has historically accounted for the largest share of U.S. electricity use, will remain largely flat over the next two years, growing about 0.5% in 2026 and 2027. Total U.S. electricity consumption in 2026 will be almost 4,250 billion kWh, up 1.3% from 2025, and is expected to grow 3.1% in 2027. Meanwhile , U.S. residential electricity prices will continue to rise amid growing demand, particularly from the commercial sector, which includes data centers , the EIA said. Residential customers will pay an average of 18.2 cents/kWh this year, “a nearly 5% increase from 2025, which is similar to the increase in U.S. prices between 2024 and 2025,” EIA estimated. “We expect residential prices to grow at a slightly lower rate of 2% next year.” “Residential prices have been growing in all regions of the United States, and we expect this trend to continue,” EIA said. Areas along the East coast will experience the largest increases in residential prices, with average annual growth as high as 7% for the next two years . “Electric utilities in these regions are citing various factors for rising electricity rates, including higher fuel prices for generation and expenses for bolstering the transmission grid against extreme weather and to accommodate rising power demand,” the short-term outlook said. Industrial sales, the smallest of the three segments, ...
A former public health minister facing terminal cancer has urged MPs not to bring back the assisted dying bill in England and Wales. The Labour MP Ashley Dalton revealed she would be on lifelong treatment for metastatic breast cancer, which has spread throughout her body – but said her parliamentary colleagues should not revive the bill, which would legalise an assisted death to those with a termi...
A former public health minister facing terminal cancer has urged MPs not to bring back the assisted dying bill in England and Wales. The Labour MP Ashley Dalton revealed she would be on lifelong treatment for metastatic breast cancer, which has spread throughout her body – but said her parliamentary colleagues should not revive the bill, which would legalise an assisted death to those with a terminal illness. The ballot for a new round of private members’ bills will be drawn on Thursday morning. Backers of assisted dying hope to bring back the bill, which ran out of time to pass after it was talked out by the Lords in the last parliamentary session, despite passing the Commons. Supporters hope they can use the Parliament Act to bypass further blocks by the House of Lords, where the bill ran out of time for debate because opponents laid more than 1,000 amendments. Peers who opposed the bill said it was fundamentally flawed. Dalton, 53, had not previously made an intervention on the bill because she was serving as a government minister. She resigned from the role in March to focus on her cancer treatment, and so she could continue serving as a constituency MP for West Lancashire. “I’ve got incurable but treatable breast cancer,” she said. “Two years ago, I had some symptoms and they found a large tumour on my ovaries. And when they took it out and tested it, it was breast cancer which had spread. “I’ll be on treatment for ever. My breast cancer is what they call triple negative, which means it doesn’t respond to hormone treatment. I spent about 10 months on an oral chemotherapy and that recently stopped working. So I’ve just started on an intravenous chemotherapy, so I’ll be on that for as long as that works.” Dalton said she had found it hard to hear MPs speaking in the chamber about the bill and not be able to speak about her own feelings on having a terminal diagnosis. The bill, tabled by the Labour MP Kim Leadbeater, would legalise assisted dying for those with a ...
The latest figures from the Royal College of Nursing paint a worrying if unsurprising picture (Two-thirds of NHS nurses believe lack of staff is putting patients at risk, survey finds, 18 May). But to achieve safer staffing levels, we must look beyond recruitment and listen to what those leaving the workforce are telling us needs to change. For me, it was the complete incompatibility of a career i...
The latest figures from the Royal College of Nursing paint a worrying if unsurprising picture (Two-thirds of NHS nurses believe lack of staff is putting patients at risk, survey finds, 18 May). But to achieve safer staffing levels, we must look beyond recruitment and listen to what those leaving the workforce are telling us needs to change. For me, it was the complete incompatibility of a career in nursing with any semblance of normal family life. The rigid system of inflexible, inconsistent shift patterns, coupled with a complete lack of control over my schedule, made it feel impossible to balance my career with the realities of life outside work. Despite having spent three years training to achieve my registration, I left after just 12 months on the job. And I am not alone. Chronic inflexibility is forcing thousands of my colleagues to leave the careers they love and have worked so hard for every year. Recruitment is important, but without breaking this cycle, no number of new nurses will deliver lasting results. Nurses know what they are signing up for. It’s not a normal nine-to-five job, and long hours and unsociable shifts are part of it. That said, in 2026 there is no reason why NHS staff should be forced to give up the basic flexibility, career autonomy and work-life balance that our peers in other industries take for granted. We already have the tools to deliver a truly modern approach to workforce management in our NHS. What we need now is a commitment from leaders and decision-makers to put plans into action and ensure that the next generation of nurses aren’t forced to choose between work and life. That means giving them real autonomy over their careers and shifting away from the misguided assumption that flexibility and productivity are mutually exclusive. Zoe Anderson Account executive, Patchwork Health, and former NHS nurse Your story on nurse shortages mirrors my late son’s experience last year. My son died of bowel cancer in December aged just 46. He...
Your report (One in seven in UK prefer consulting AI chatbots to seeing doctor, study finds, 13 May) will no doubt be greeted with the usual hand‑wringing about the decline of human connection in healthcare. But the more honest explanation is far simpler: many of us no longer see our registered doctor in any meaningful sense. Continuity of care has quietly evaporated. General practice has become a...
Your report (One in seven in UK prefer consulting AI chatbots to seeing doctor, study finds, 13 May) will no doubt be greeted with the usual hand‑wringing about the decline of human connection in healthcare. But the more honest explanation is far simpler: many of us no longer see our registered doctor in any meaningful sense. Continuity of care has quietly evaporated. General practice has become a rotating cast of locums, telephone triage and “someone will call you back at some point between 8am and the heat death of the universe”. The idea of a named GP – someone who knows your history, your face – has become NHS folklore, spoken of wistfully but rarely encountered in the wild. Against that backdrop, the rise of chatbots is not a cultural shift, but a coping mechanism. If the system has already replaced relationship‑based medicine with transactional encounters, it’s hardly shocking that people start choosing the transaction that is at least predictable, is available, and doesn’t require a 7.59am redial marathon. The real concern is not that patients are turning to AI. It’s that the NHS has left a vacuum where primary care used to be, and nature, as ever, abhors a vacuum. Richard Eltringham Leicester When you phone my GP surgery, you are asked not to continue if you have any of the following: heart attack, chest pain, stroke, confusion, difficulty breathing, bleeding, seizure, infection, high fever. Urged to complete the online form to get a GP appointment, you are faced with a demanding list including your symptoms, when it started, how they have changed, how the issue is affecting your day-to-day life, and anything you have tried to help (plus photos). I understand that this helps the surgery decide the most appropriate clinical response, but it’s exhausting. It’s quicker to put that lot into ChatGPT and find out if you’re about to shuffle off this mortal coil. Barbara Riddell Epsom, Surrey Your report on patients turning to AI chatbots demonstrates a growing dema...