Memorial Day Gas Demand Surge Collides With Hormuz Shock As $5 Demand-Destruction Line Nears Drivers heading into Memorial Day weekend are set to face some of the highest regular gasoline prices at the pump in years. With the U.S. national average sitting at $4.53 per gallon ( according to AAA data ) and no resolution yet on a U.S.-Iran peace deal or the reopening of the Strait of Hormuz, pump pri...
Memorial Day Gas Demand Surge Collides With Hormuz Shock As $5 Demand-Destruction Line Nears Drivers heading into Memorial Day weekend are set to face some of the highest regular gasoline prices at the pump in years. With the U.S. national average sitting at $4.53 per gallon ( according to AAA data ) and no resolution yet on a U.S.-Iran peace deal or the reopening of the Strait of Hormuz, pump prices risk rising even higher into the holiday weekend as the summer driving season begins. Let's start with the chart of the day : AAA retail gas prices in the U.S. on a seasonal basis closely track the 2022 run, when the Russia-Ukraine conflict was in its first several months. Gas prices in 2022 did not top out until mid-June. The impending problem , with no near-term Hormuz resolution, as JPMorgan analysts recently warned, is that the world is spiraling toward a catastrophic cliff-edge shortage of crude oil if the maritime chokepoint remains blocked into June. Former CIA analysts and current RBC commodities head Helima Croft told clients days ago that she is " very skeptical of a June grand reopening or even that maritime traffic will return to February 27 levels for the foreseeable future ." AAA Retail Gas Price Map For Memorial Day 2026, AAA forecasts around 39.1 million Americans will travel by car , representing 87% of all holiday travelers. That will create a meaningful near-term lift in gas demand, especially from Thursday through Monday. EIA notes that gas demand typically rises into the summer driving season, while last year's Memorial Day period coincided with the highest weekly implied gas demand of 2025 up to that point. So, in an already tight gas market, a busy Memorial Day driving weekend can certainly pull more barrels through the system , support pump prices, and may only lead to higher prices if no Hormuz resolution is found in the near term. The demand destruction level sits around $5. Tyler Durden Tue, 05/19/2026 - 15:40
STORY: Nvidia is expected to deliver another blockbuster earnings report on Wednesday (May 20), but that doesn't guarantee that investors will push its stock price higher. "The last couple quarters that they've reported, they've generally beaten [expectations], but the stock has kind of traded down or sideways," Mussio noted. But "that's less concerning to us," he added, explaining that a successf...
STORY: Nvidia is expected to deliver another blockbuster earnings report on Wednesday (May 20), but that doesn't guarantee that investors will push its stock price higher. "The last couple quarters that they've reported, they've generally beaten [expectations], but the stock has kind of traded down or sideways," Mussio noted. But "that's less concerning to us," he added, explaining that a successful earnings report for the chip powerhouse will be "more about the messaging around orders, sales expectations for the rest of the year," and whether "the AI spend is still happening."
Key Points Astera Labs’ presentation at a major investor conference was a prime opportunity to tout some of the company’s newest data center networking solutions. Wall Street also continues to raise its expectations of this tech name’s ticker. Interested growth investors may be better served by diving in now despite the possibility of some near-term profit-taking. 10 stocks we like better than Ast...
Key Points Astera Labs’ presentation at a major investor conference was a prime opportunity to tout some of the company’s newest data center networking solutions. Wall Street also continues to raise its expectations of this tech name’s ticker. Interested growth investors may be better served by diving in now despite the possibility of some near-term profit-taking. 10 stocks we like better than Astera Labs › Already rallying back from their late-March low, shares of Astera Labs (NASDAQ: ALAB) hit a multi-month high today. Indeed, the stock's 16.5% gain as of 3:16 p.m. ET Tuesday puts it within sight of September's record high of $262.90. The prompt for today's bullishness is two-fold. First, speaking at J.P. Morgan's annual Global Technology, Media and Communications Conference, CEO Jitendra Mohan delivered a compelling presentation of the company's newest AI data center networking solutions. And second, analysts with Evercore ISI dramatically raised their target price on this technology stock this morning, citing growing demand for its products. 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 » Plenty for interested investors to latch onto The company makes a great deal of data center hardware that mostly goes unnoticed, by the way, even though artificial intelligence data centers wouldn't function nearly as well without it. Networking switches, digital signal processors, memory controllers, and cable modules are all in its product portfolio, making it possible to interconnect a wall of computing processors supplied by higher-profile companies like Nvidia. Make no mistake, though. While it has competitors, Astera has few peers capable of delivering the connectivity performance that modern AI data centers demand as well as it does. For instance, at this morning's investor conference hosted by J.P. Mo...
A blast of late-spring heat is adding strain to the largest US power grid as operators race to repair equipment ahead of rising demand and hotter-than-normal weather expected this summer. With temperatures forecast to crest above 90F (32C) this week across a large swath of the East Coast, PJM Interconnection LLC has asked all generators to remain online to help prevent blackouts. The grid operator...
A blast of late-spring heat is adding strain to the largest US power grid as operators race to repair equipment ahead of rising demand and hotter-than-normal weather expected this summer. With temperatures forecast to crest above 90F (32C) this week across a large swath of the East Coast, PJM Interconnection LLC has asked all generators to remain online to help prevent blackouts. The grid operator also moved to revoke permission for planned maintenance. But outage statistics published by PJM and localized price spikes suggest some plants in Maryland and the Washington area have remained offline for repairs despite PJM’s interventions, contributing to turbulence in the market as cooling demand climbs, said Gary Cunningham , director of market research for Tradition Energy. “We are seeing some significant price volatility and grid stability issues in the Mid-Atlantic,” Cunningham said, with prices in Maryland rising roughly 20 times higher than those observed on New England’s grid. The risk of energy shortages overlapping with repair cycles in the spring and fall months has been rising across the US, the North American Electric Reliability Corp. said in a seasonal assessment published Tuesday. Principal analyst Suzanne Edwards said in a briefing that unseasonable heat can create “demand that’s more like peak summer demand coinciding with outages.” Read More: New York and US Northeast Face Wilting Heat, Power Alert Real-time wholesale prices across PJM pushed past $300 Tuesday afternoon, with prices closer to $600 in Virginia and the Washington region. Prices in the spot market, where electricity is lined up for immediate delivery, topped $1,100 per MWh Monday evening. The repairs are badly needed even as they complicate efforts to keep pace with rising demand. Aging power plants and transmission equipment were strained by repeated winter storms and deep freezes in the eastern US. This summer is likely to present new challenges as data centers compete for electricity a...
Dynamic Short Term Credit PLUS Fund ETF系列于5月19日宣布，将向持有人派发每股0.095加元的月度现金股息。该股息将于5月29日支付，股权登记日为5月26日，同日为除息交易日。 月度派息保持稳定 DXCP是一只主动管理型交易所交易基金，由1832 Asset Management L.P．发起并管理，于2022年1月27日成立，注册地在加拿大。该基金主要投资...
Dynamic Short Term Credit PLUS Fund ETF系列于5月19日宣布，将向持有人派发每股0.095加元的月度现金股息。该股息将于5月29日支付，股权登记日为5月26日，同日为除息交易日。 月度派息保持稳定 DXCP是一只主动管理型交易所交易基金，由1832 Asset Management L.P．发起并管理，于2022年1月27日成立，注册地在加拿大。该基金主要投资于美国和加拿大投资级公司固定收益证券，期限通常在五年以内，并可通过衍生品工具增强收益。 此次0.095加元的派息水平与该基金此前的月度派息保持一致。根据历史数据，DXCP在过去数月持续维持每股0.095加元的月度派息额。按当前价格计算，该基金的股息收益率约为5.69%。 投资策略与组合构成 该基金旨在通过投资北美短期投资级固定收益证券，在保全资本和维持流动性的同时，提供收入和一定程度的资本增值。为实现投资目标，基金会采用替代投资策略，包括通过现金借贷、卖空和衍生品合约创造杠杆。 截至2026年3月31日，基金前十大持仓占总资产的50.2%，主要集中在加拿大六大银行和能源企业。资产配置方面，加拿大公司债占比141.3%，美国公司债占比40.1%，同时通过政府债券空头头寸进行对冲。信用评级分布以BBB级为主，占比129.5%，整体信用质量较高。 业绩表现 截至2026年4月30日，该基金一年期回报率为5.8%，三年期年化回报率为8.1%，自成立以来年化回报率为6.4%。2025日历年度回报率为6.0%。基金资产规模约9.48亿加元，管理费率为0.55%至1.05%不等，视投资金额而定。 责任编辑：张俊 SF065
Add Decrypt as your preferred source to see more of our stories on Google. In brief Power availability is the central bottleneck in AI infrastructure buildout, says Bernstein, following a reported Google/Blackstone AI cloud alliance. Bitcoin miners collectively control over 27GW of planned power capacity and have signed more than $90 billion in AI contracts, positioning them as critical suppliers ...
Add Decrypt as your preferred source to see more of our stories on Google. In brief Power availability is the central bottleneck in AI infrastructure buildout, says Bernstein, following a reported Google/Blackstone AI cloud alliance. Bitcoin miners collectively control over 27GW of planned power capacity and have signed more than $90 billion in AI contracts, positioning them as critical suppliers for the AI boom. Individual miners are locking in major partnerships, often involving equity commitments that align both sides on scaling up capacity. As Google and Blackstone move to establish a new AI cloud venture, an unexpected group of players stands to benefit: Bitcoin miners. The Wall Street Journal reported late Monday that Google and Blackstone are planning to create a joint AI cloud company that would deploy Google's custom chip technology, with Blackstone committing $5 billion in equity and retaining a majority stake. The announcement sent analysts scrambling to identify who holds the real leverage in an AI buildout increasingly constrained not by capital or computing chips, but by electricity. The answer, according to a research note published Tuesday by investment bank Bernstein, may be the sprawling network of Bitcoin mining companies that have quietly accumulated more than 27 gigawatts of planned power capacity across the United States. That figure has become something of a golden ticket in Silicon Valley's race to build the next generation of AI data centers. Securing a single gigawatt of grid-connected power can take more than four years in most states—a bottleneck that has forced hyperscalers and emerging cloud operators alike to look beyond traditional data center developers. Bitcoin miners have responded by aggressively repositioning themselves as AI infrastructure providers. The industry has announced more than $90 billion in AI-related contracts covering 3.7 gigawatts of capacity, according to Bernstein's analysis, with roughly one-third of those dea...
CHOMPOONUTBUANGERN/iStock via Getty Images Nouveau Monde Graphite ( NMG ) up 2.7% in Tuesday's trading as Canadian Prime Minister Carney highlighted the start of construction at the company's Matawinie mine in Quebec as proof of the federal government's commitment to accelerate the development of nationally important resource projects. The groundbreaking came after Nouveau Monde ( NMG ) formally c...
CHOMPOONUTBUANGERN/iStock via Getty Images Nouveau Monde Graphite ( NMG ) up 2.7% in Tuesday's trading as Canadian Prime Minister Carney highlighted the start of construction at the company's Matawinie mine in Quebec as proof of the federal government's commitment to accelerate the development of nationally important resource projects. The groundbreaking came after Nouveau Monde ( NMG ) formally closed a $310M equity transaction that gave Italian energy company Eni ( E ) a nearly 12% stake in the Canadian miner. Funds managed by the Canadian and Quebec governments are also major shareholders, with respective stakes in the miner of ~19% and 18%, and Nouveau Monde's ( NMG ) CEO and founder Eric Desaulniers said Carney's involvement "made a difference in attracting foreign investors." Two other state-owned lenders, Export Development Canada and the Canada Infrastructure Bank, also arranged $334M of financing for the development and construction of the mine. Upon completion, the Matawinie project will be the largest graphite mine in North America and the G7, supplying up to 106K metric tons/year for 25 years, or 8x Canada's current production, Carney said. More on Nouveau Monde Graphite Nouveau Monde Graphite: Updated Feasibility Study Isn't Compelling Enough Financial information for Nouveau Monde Graphite
Key Points JPMorgan Chase is a financial giant that has been rewarding investors well with dividends. The company had a strong first quarter and raised its dividend again. 10 stocks we like better than JPMorgan Chase › Wall Street has a short memory, which is why JPMorgan Chase's (NYSE: JPM) 14-year dividend streak sounds so impressive. To be fair, that's a great streak, including two dividend inc...
Key Points JPMorgan Chase is a financial giant that has been rewarding investors well with dividends. The company had a strong first quarter and raised its dividend again. 10 stocks we like better than JPMorgan Chase › Wall Street has a short memory, which is why JPMorgan Chase's (NYSE: JPM) 14-year dividend streak sounds so impressive. To be fair, that's a great streak, including two dividend increases in 2025, totaling a 20% increase from where the dividend started the year. Before dividend investors buy the stock, however, you need to ask what happened 14 years ago. JPMorgan is an industry giant that has a lot to offer To give credit where credit is due, JPMorgan is one of the world's largest financial companies. It is a bank, but its business extends well beyond its local branch network, including asset management and investment banking. The business is doing very well right now, too. Revenues jumped 13% year over year in the first quarter of 2026, with earnings per share up 17%. 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 » There's just one small problem: investors are aware of the finance giant's recent success. Its price-to-book value ratio is currently 2.3x, well above its five-year average of roughly 1.8x. That is also notably above many of the company's peers, like Bank of America (NYSE: BAC), which has a P/B ratio of 1.3%. JPMorgan's yield is also just 2%, which is below the average bank yield of 2.3%. While the payout ratio is a healthy 30% or so, like its peers, JPMorgan looks like a well-run company that is perhaps a bit expensive today. What about JPMorgan's 14-year dividend streak? For long-term investors, the dividend streak should be examined, as well. That's because the current 14-year streak of increases follows JPMorgan's dividend cut during the Great Recession. It wasn't th...
Brandon Bell/Getty Images News SpaceX ( SPACE ) is preparing to launch the 12th uncrewed test flight of its Starship rocket this week, marking the debut of a more powerful upgraded version that investors see as central to Elon Musk’s long-term growth story ahead of a widely anticipated IPO, Reuters reported Tuesday. The mission, expected to lift off from SpaceX’s ( SPACE ) Starbase facility in Tex...
Brandon Bell/Getty Images News SpaceX ( SPACE ) is preparing to launch the 12th uncrewed test flight of its Starship rocket this week, marking the debut of a more powerful upgraded version that investors see as central to Elon Musk’s long-term growth story ahead of a widely anticipated IPO, Reuters reported Tuesday. The mission, expected to lift off from SpaceX’s ( SPACE ) Starbase facility in Texas as early as Thursday, will be the first flight of the company’s new Starship V3 system and a newly built launch pad designed to handle the heavier rocket configuration. For investors, the stakes extend well beyond another flashy rocket test. SpaceX ( SPACE ) is said to be targeting a valuation of roughly $1.75 trillion in a potential public offering next month, and much of that optimism depends on Starship eventually becoming a reliable, low-cost launch platform. Success could strengthen confidence in future revenue streams tied to Starlink satellite expansion, lunar missions and Musk’s longer-term ambitions for Mars travel and space-based infrastructure. Another high-profile setback, however, could revive concerns about the timeline and cost of the program. The upgraded rocket includes redesigned Raptor engines aimed at delivering more thrust while reducing weight. Engineers also added systems intended to support future in-orbit refueling, spacecraft docking and longer-duration missions, capabilities viewed as essential for deep-space travel. SpaceX ( SPACE ) doesn’t plan to recover either stage during this mission, though the company intends to test a series of controlled descent maneuvers before both sections splash down at sea. The Super Heavy booster is expected to land in the Gulf of Mexico minutes after launch, while the upper-stage Starship is scheduled for a controlled descent into the Indian Ocean roughly an hour later. The mission will also deploy 20 Starlink simulator payloads and two modified satellites designed to collect data on the spacecraft’s heat shiel...
Key Points Ophir Asset Management exited 3,771,695 shares of Genius Sports Limited in the first quarter. The quarter-end position value decreased by $41.56 million, reflecting both selling activity and stock price changes for the period. The transaction represented 3.13% of the fund’s reportable U.S. equity assets under management. Genius Sports Limited previously accounted for 4.7% of the fund’s ...
Key Points Ophir Asset Management exited 3,771,695 shares of Genius Sports Limited in the first quarter. The quarter-end position value decreased by $41.56 million, reflecting both selling activity and stock price changes for the period. The transaction represented 3.13% of the fund’s reportable U.S. equity assets under management. Genius Sports Limited previously accounted for 4.7% of the fund’s AUM as of the prior quarter. 10 stocks we like better than Genius Sports › Ophir Asset Management Pty Ltd sold out its entire Genius Sports Limited (NYSE:GENI) stake in the first quarter, an estimated $26.85 million trade based on quarterly average pricing, according to a May 15, 2026, SEC filing. What happened According to an SEC filing dated May 15, 2026, Ophir Asset Management Pty Ltd liquidated its position in Genius Sports Limited during the first quarter by selling 3,771,695 shares. The estimated transaction value is $26.85 million based on the quarterly average price, with the fund’s quarter-end position reduced from a previously significant holding to zero. The net position change, which includes both trading and price movement, was a $41.56 million decrease. What else to know Top five holdings after the filing: NYSE: AIR: $59.11 million (6.88% of AUM) NYSE: VVX: $58.03 million (6.76% of AUM) NASDAQ: MRX: $55.57 million (6.47% of AUM) NYSE: SXI: $50.21 million (5.85% of AUM) NASDAQ: EZPW: $41.03 million (4.78% of AUM) As of Tuesday, Genius Sports Limited shares were priced at $5.05, down about 50% over the past year and well underperforming the S&P 500, which is instead up about 25%. Company Overview Metric Value Price (as of market close 2026-05-14) $5.05 Market Capitalization $1.4 billion Revenue (TTM) $669 million Net Income (TTM) ($111.6 million) Company Snapshot Genius Sports offers technology infrastructure for live sports data collection, streaming solutions, integrity services, and digital marketing tools tailored to the sports, betting, and media industries...
Former President Donald Trump arrives at his caucus night event, with sons Donald Trump Jr. and Eric Trump, at the Iowa Events Center on January 15, 2024 in Des Moines, Iowa. Chip Somodevilla | Getty Images News | Getty Images Federal tax returns filed by President Donald Trump , family members, the Trump Organization, and related trusts and affiliates before this week are protected from potential...
Former President Donald Trump arrives at his caucus night event, with sons Donald Trump Jr. and Eric Trump, at the Iowa Events Center on January 15, 2024 in Des Moines, Iowa. Chip Somodevilla | Getty Images News | Getty Images Federal tax returns filed by President Donald Trump , family members, the Trump Organization, and related trusts and affiliates before this week are protected from potential Internal Revenue Service enforcement actions under a controversial $1.8 billion settlement with the Justice Department , a new document posted Tuesday shows. The Justice Department, as part of the settlement, barred the federal government from prosecuting or pursuing "any and all claims" that could have been made by the IRS, which included "tax returns filed before" the effective date of the settlement, according to the document, signed by Acting Attorney General Todd Blanche . The protection extends to Trump, his family members, the Trump Organization and "parties including trusts, parent, sister or related companies, affiliates, and subsidiaries." Blanche is Trump's former criminal defense lawyer. The document , first reported by Politico , is an addendum to the conditions of the settlement first revealed Monday by the Justice Department. The Justice Department did not immediately respond to a request for comment on the addendum. The settlement resolved a $10 billion lawsuit filed in Miami federal court by Trump, Donald Trump Jr., Eric Trump, and their company against the IRS over the leak of Trump-related tax filings by an IRS employee. Read more CNBC politics coverage Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say Trump doesn't need Congress to restart Iran strikes: Hegseth Analysis: Iran war hangs over Trump's China trip — and his presidency Congress members push Chinese auto parts ban before Trump China trip The Trumps on Monday dropped that suit in exchange for the Justice Department agreeing to finance a so-called Anti-Weaponi...
The rollercoaster ride that is investing in Micron (MU +2.45%) stock continues, with yet another upturn following yesterday's decline. Shares of the computer memory-maker started the day lower but gained 4% through 2:55 p.m. after it was revealed that two more big Wall Street investment banks have raised their price targets: Citigroup and Mizuho. Why Wall Street loves Micron stock Citi's PT hike w...
The rollercoaster ride that is investing in Micron (MU +2.45%) stock continues, with yet another upturn following yesterday's decline. Shares of the computer memory-maker started the day lower but gained 4% through 2:55 p.m. after it was revealed that two more big Wall Street investment banks have raised their price targets: Citigroup and Mizuho. Why Wall Street loves Micron stock Citi's PT hike was the larger of the two, nearly doubling since the bank last chimed in, to $840 per share. (But Micron stock only costs $706 today, so that's a potential 19% gain.) Mizuho's move from $740 to $800, albeit a smaller adjustment, is the more interesting note because it provides more insight into the analyst's thinking. As StreetInsider.com reports, Mizuho is forecasting continued strong pricing in both NAND and DRAM memory, not just through the end of this year, but also into 2027. Insatiable demand for both high-bandwidth memory (stacked DRAM chips) and eSSD (enterprise-scale solid-state drives) will drive price increases. Mizuho also sees potential for "HBF" (high bandwidth flash) memory "to further tighten NAND supply in 2027E." Best of all (from Micron's perspective), there's a worker strike looming at Samsung, which could curtail supply and drive memory prices through the roof. Expand NASDAQ : MU Micron Technology Today's Change ( 2.45 %) $ 16.70 Current Price $ 698.24 Key Data Points Market Cap $769B Day's Range $ 652.22 - $ 725.91 52wk Range $ 90.93 - $ 818.67 Volume 1.6M Avg Vol 45M Gross Margin 58.54 % Dividend Yield 0.07 % What it means for Micron So suffice it to say there's a lot of good news in this report for Micron today. Meanwhile, Mizuho notes the company is getting ready to report earnings barely a month from now, on June 24. Analysts forecast 261% revenue growth to $33.6 billion, and for earnings to grow 10-fold to $19.02 per share. Admittedly, the worry lingers that this cyclical semiconductor stock must eventually suffer a downturn. That probably won't ha...
Key Points Two Wall Street analysts just raised price targets on Micron. One of them has a good reason to do so -- several good reasons, actually. Have you ever heard of "High Bandwidth Flash?" 10 stocks we like better than Micron Technology › The rollercoaster ride that is investing in Micron (NASDAQ: MU) stock continues, with yet another upturn following yesterday's decline. Shares of the comput...
Key Points Two Wall Street analysts just raised price targets on Micron. One of them has a good reason to do so -- several good reasons, actually. Have you ever heard of "High Bandwidth Flash?" 10 stocks we like better than Micron Technology › The rollercoaster ride that is investing in Micron (NASDAQ: MU) stock continues, with yet another upturn following yesterday's decline. Shares of the computer memory-maker started the day lower but gained 4% through 2:55 p.m. after it was revealed that two more big Wall Street investment banks have raised their price targets: Citigroup and Mizuho. 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 » Why Wall Street loves Micron stock Citi's PT hike was the larger of the two, nearly doubling since the bank last chimed in, to $840 per share. (But Micron stock only costs $706 today, so that's a potential 19% gain.) Mizuho's move from $740 to $800, albeit a smaller adjustment, is the more interesting note because it provides more insight into the analyst's thinking. As StreetInsider.com reports, Mizuho is forecasting continued strong pricing in both NAND and DRAM memory, not just through the end of this year, but also into 2027. Insatiable demand for both high-bandwidth memory (stacked DRAM chips) and eSSD (enterprise-scale solid-state drives) will drive price increases. Mizuho also sees potential for "HBF" (high bandwidth flash) memory "to further tighten NAND supply in 2027E." Best of all (from Micron's perspective), there's a worker strike looming at Samsung, which could curtail supply and drive memory prices through the roof. What it means for Micron So suffice it to say there's a lot of good news in this report for Micron today. Meanwhile, Mizuho notes the company is getting ready to report earnings barely a month from now, on June 24. Analysts forecast 261% rev...