onurdongel/iStock via Getty Images ONEOK ( OKE ) has quietly been outperforming the vast majority of its midstream peer set in the YTD period, now up over 24% and still sporting a 4.6% dividend yield. What I find to be interesting with the name is that street estimates still look too low. There's been a lot of noise in numbers over the years, especially as the company has integrated a major acquis...
onurdongel/iStock via Getty Images ONEOK ( OKE ) has quietly been outperforming the vast majority of its midstream peer set in the YTD period, now up over 24% and still sporting a 4.6% dividend yield. What I find to be interesting with the name is that street estimates still look too low. There's been a lot of noise in numbers over the years, especially as the company has integrated a major acquisition, but it seems clear that there is a positive revision story here, which can lead to further upside for the stock. Business Profile ONEOK is a domestic midstream energy company. The company has a 60,000 mile pipeline network that spans much of the Midwest for natural gas and natural gas liquids (NGLs). The company also transports, stores and distributes refined products and crude. The company's primary operating regions are the Permian Basin and Mid-Continent, where the company continues to expand its presence. The company has four primary operating segments - natural gas gathering & processing (NGGP), NGLs, Natural Gas Pipelines, and Refined Products & Crude. NGGP is approximately 20% of revenue while contributing a higher 27% of adj. EBITDA based on 2025 results. NGLs are 41.5% of sales and contribute 35% of adj. EBITDA. Pipelines contribute nearly 5% of sales but nearly 11% of adj. EBITDA. Refined Products is the balance at about 34% of sales and 27.4% of adj. EBITDA. Investor Presentation Source: Investor Presentation ONEOK is likely on investors' radars because of the acquisition of Magellan Midstream Partners a few years ago. In 2023, the company announced an $18.8 billion deal, which significantly expanded the company's operating footprint. The acquisition gave them access to a wide variety of new operations like a 9,800 mile refined products pipeline from the Midwest to the Gulf Coast, as well as nearly 54 refined products terminals across the United States. By giving ONEOK more access to refined products and crude oil transportation, the company was able to di...
cokada/iStock via Getty Images Regular readers of my articles know that I'm mostly focused on the tech sector but I have covered a significant number of financials in the past couple of years. Today, I'm initiating coverage on Nu Holdings Ltd. ( NU ) which is one of the most promising fintech companies that's headquartered outside of the United States. The Brazilian digital banking provider is an ...
cokada/iStock via Getty Images Regular readers of my articles know that I'm mostly focused on the tech sector but I have covered a significant number of financials in the past couple of years. Today, I'm initiating coverage on Nu Holdings Ltd. ( NU ) which is one of the most promising fintech companies that's headquartered outside of the United States. The Brazilian digital banking provider is an industry leader but as you can see below, the stock has been crushed since hitting an all-time high just earlier this year. We'll of course get into their results that were reported last week in just a second but with energy prices being a challenge for emerging markets around the world it seems that geopolitical headwinds have become a risk for financial institutions like Nu. Seeking Alpha Below, it is shown that Nu's business has performed in a resilient manner especially when looking at the YoY numbers. Customers stats show that they are attracting and retaining clients, and financial performance was strong enough to show that they are monetizing the opportunity effectively. While the rise in energy prices is a risk, the multiyear low level in the forward P/E ratio indicates that the market is already drawing pessimistic conclusions. I believe that is a mistake and as a result, I have decided to initiated Nu at a buy rating. Opportunity Is Sizable Nu Q1 Presentation Founded back in 2013, Nu has made a tremendous amount of progress in the past decade or so and has become a major fintech player particularly in South America. However, a sizable opportunity is still ahead. The above chart shows the market size in Brazil and their share of the market. The company stated in their earnings presentation that the market is growing and their share is also getting larger. Assuming that the opportunity will continue to expand and that they will capture said opportunity increasingly effectively, Nu seems to be well positioned in their domestic market. In late April, the firm announce...
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 . It’s crunch time for the EU-US trade deal as the bloc’s negotiators gather this evening for a pivotal meeting on the agreement. Representatives from the three main EU institutions will huddle tonight from 9 pm in Strasbourg, where the...
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 . It’s crunch time for the EU-US trade deal as the bloc’s negotiators gather this evening for a pivotal meeting on the agreement. Representatives from the three main EU institutions will huddle tonight from 9 pm in Strasbourg, where the European Parliament is in session this week. Discussions could stretch well into the night as the bloc tries to finalize a deal. If not, Donald Trump could follow through on his threats to impose more tariffs. Washington is losing patience with the pace of the EU legislative process. This July will mark a year since the US president and European Commission chief Ursula von der Leyen agreed the accord at Trump’s golf course in Turnberry, Scotland. For Brussels, the fiendishly lengthy legislative process is par for the course and an exercise in democracy – for the US it’s an example of the EU’s emphasis on systems and rules rather than action. Trump set a new deadline of July 4 during a call with von der Leyen earlier this month, which should give the bloc plenty of time. But some factions of the European Parliament, which must approve the deal, don’t trust the US side, pointing to Trump’s actions since the deal was signed, from threatening to annex Greenland to pledging an increase in tariffs on car imports from the EU from 15% to 25% if the deal isn’t agreed. Socialist members of the parliament in particular are pushing for tweaks to the accord, including a sunset clause that would set an expiration date on the deal. Underpinning it all is the residual feeling in some capitals that the Turnberry deal, which will slap a levy of 15% on most imports from the EU into the US, was sub-optimal from the European side. However, trusting that Trump will not impose future trade measures, for example through Section 301 probes, is a gamble Brussels seems willing to take. The Latest Sw...
ismagilov/iStock via Getty Images Some context first: Cerebras Systems ( CBRS ) priced its IPO at $185 on Wednesday evening, above an already-raised $150-$160 range that itself sat well north of the original $115-$125 marketing band, and closed Thursday at $311, up 68% from the offering price after opening as high as $385. While the stock has seen some volatility to the downside since, it surged a...
ismagilov/iStock via Getty Images Some context first: Cerebras Systems ( CBRS ) priced its IPO at $185 on Wednesday evening, above an already-raised $150-$160 range that itself sat well north of the original $115-$125 marketing band, and closed Thursday at $311, up 68% from the offering price after opening as high as $385. While the stock has seen some volatility to the downside since, it surged around 6% on Monday, as investors rushed to buy the Friday dip. The stock is now trading at around $300 in premarket trading on Tuesday, and I expect the volatility to persist in both directions as the market works out what it is actually paying for. I'm initiating the stock with a sell and see more downside ahead as the IPO excitement fades. Seeking Alpha By any conventional measure, this was the largest US tech IPO since Snowflake in 2020. It was also the second act of a deal that died eighteen months earlier, as the same company filed in September 2024 , withdrew under CFIUS scrutiny tied to its G42 concentration, and only refiled in April once a $20 billion OpenAI cloud commitment and an AWS deployment agreement. The market, for now, has bought it twice over. The stock has seen some volatility after the IPO, and this came in within expectations. The company sold 34.5 million shares, including the greenshoe. The opening print at $386 implied roughly 160x trailing sales, before settling into 130x by the close, now down to 120x on Monday. Seeking Alpha For context, that's roughly 5 times the multiple that Nvidia ( NVDA ). I think that some more downside ahead is not off the table, and the catalyst path for that downside is also structural. I’ll get to that in a second, but first, here’s a rundown on the business. Business rundown: To keep a long story short, Cerebras designs and operates AI compute infrastructure built around a single architectural bet: instead of slicing a silicon wafer into hundreds of discrete GPUs and reassembling performance through expensive packaging...
If you plan to buy a house, you may want to hurry. A 30-year fixed-rate mortgage will cost you. The rate on these is 6.46%. They were 6.32% a month ago. What happened? Iran. And it is for two reasons. The first and most obvious is that the war in Iran has disrupted oil-related product ... Want To Buy A House? Iran Is Making US Mortgage Rates Rise
If you plan to buy a house, you may want to hurry. A 30-year fixed-rate mortgage will cost you. The rate on these is 6.46%. They were 6.32% a month ago. What happened? Iran. And it is for two reasons. The first and most obvious is that the war in Iran has disrupted oil-related product ... Want To Buy A House? Iran Is Making US Mortgage Rates Rise
As part of its plan to develop a private space station, Vast Space built and then launched a small demonstration spacecraft in early November. This vehicle then completed dozens of test objectives with flying colors before making a successful de-orbit three months later. The mission, which tested power, propulsion, tracking, and a multitude of other technologies needed for Vast's Haven-1 space sta...
As part of its plan to develop a private space station, Vast Space built and then launched a small demonstration spacecraft in early November. This vehicle then completed dozens of test objectives with flying colors before making a successful de-orbit three months later. The mission, which tested power, propulsion, tracking, and a multitude of other technologies needed for Vast's Haven-1 space station, was evidently so successful that the company is ready to use its spaceflight capabilities for other purposes. The Long Beach, California-based company announced Tuesday that it plans to begin selling high-powered satellite buses. "Every single successful space company is diversified in its products," said Max Haot, chief executive of Vast Space, in an interview. "So for us it really was a question of when, not if." Read full article Comments
Chinese researchers have built a wireless power transmission system capable of beaming kilowatt-level energy to multiple moving targets simultaneously, potentially a major step towards building space-based solar power stations. The team completed a groundbreaking full-chain ground verification platform for such a system in 2022 and have now successfully tested the ability to beam power to multiple...
Chinese researchers have built a wireless power transmission system capable of beaming kilowatt-level energy to multiple moving targets simultaneously, potentially a major step towards building space-based solar power stations. The team completed a groundbreaking full-chain ground verification platform for such a system in 2022 and have now successfully tested the ability to beam power to multiple moving targets simultaneously. Built around a 75-metre (245-foot) tower at Xidian University in...
Tesla (TSLA) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this electric car maker have returned +4.5% over the past month versus the Zacks S&P 500 composite's +4% change. The Zacks Automotive - Domestic industry, to which Tesla belongs, has ...
Tesla (TSLA) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this electric car maker have returned +4.5% over the past month versus the Zacks S&P 500 composite's +4% change. The Zacks Automotive - Domestic industry, to which Tesla belongs, has gained 0.7% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Earnings Estimate Revisions Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For the current quarter, Tesla is expected to post earnings of $0.45 per share, indicating a change of +12.5% from the year-ago quarter. The Zacks Consensus Estimate has changed -5.8% over the last 30 days. The consensus earnings estimate of $1.99 for the current fiscal year indicates a year-over-year change of +19.9%. This estimate has changed -12.1% over the last 30 days. For the next fiscal year, the consensus earnings estimate of $2.57 in...
Oracle (NYSE: ORCL) is trying to turn its database empire into a major AI infrastructure growth engine. Its Google Cloud partnership, AI database tools, and massive data center buildout could create meaningful upside, but the company still has to prove the spending can translate into stronger revenue, earnings, and free cash flow. *Stock prices used were the market prices of May 13, 2026. The vide...
Oracle (NYSE: ORCL) is trying to turn its database empire into a major AI infrastructure growth engine. Its Google Cloud partnership, AI database tools, and massive data center buildout could create meaningful upside, but the company still has to prove the spending can translate into stronger revenue, earnings, and free cash flow. *Stock prices used were the market prices of May 13, 2026. The video was published on May 17, 2026. Continue reading
A new UK scheme is encouraging venues to provide accommodation for touring acts. But what if someone hurls a TV through a window? Touring has become increasingly financially precarious for grassroots artists, pinched by issues including the cost of living crisis and increasing fuel costs. But a growing number of UK music venues are attempting a simple but potentially transformative fix: giving ban...
A new UK scheme is encouraging venues to provide accommodation for touring acts. But what if someone hurls a TV through a window? Touring has become increasingly financially precarious for grassroots artists, pinched by issues including the cost of living crisis and increasing fuel costs. But a growing number of UK music venues are attempting a simple but potentially transformative fix: giving bands somewhere to sleep. This month, the Music Venue Trust charity announced a new wave of funding initiatives to rebuild infrastructure for touring musicians, including schemes focused on artist accommodation: unused spaces in venues could be converted into rooms for touring musicians, in an effort to cut costs and make smaller tours more viable. “Accommodation costs are limiting touring options and venues, especially in rural locations where there may not be lots of accommodation choices,” says Mark Davyd, the charity’s chief executive. Continue reading...
The badass bounty hunter and his little green friend take on the Empire and Jabba the Hutt’s family in this solid enough addition to the ever-expanding universe Here is a non-canonical, or semi-canonical tale – maybe the distinction is beginning to blur – from the Star Wars universe, serving up some entertaining but very familiar Star Wars narrative tropes on a spectacular Imax scale. And if you t...
The badass bounty hunter and his little green friend take on the Empire and Jabba the Hutt’s family in this solid enough addition to the ever-expanding universe Here is a non-canonical, or semi-canonical tale – maybe the distinction is beginning to blur – from the Star Wars universe, serving up some entertaining but very familiar Star Wars narrative tropes on a spectacular Imax scale. And if you thought it was possible to end a movie like this without a climactic aerial combat scene involving X-wing fighters, think again. It is developed from the Disney+ streaming TV series The Mandalorian and set in the timeframe just after Star Wars: Episode VI – Return of the Jedi , in which holdout warlords from the defeated Empire are plotting a return against the New Republic. Pedro Pascal plays the Mandalorian, a badass freebooting bounty hunter not unlike Han Solo, only he has on his shoulder Grogu, his “ward”. (That quaint Victorian term is revived here for the first time since the days of Dick Grayson and Bruce Wayne.) Grogu is the Yoda-species infant with nascent telekinetic powers. As for the Mandalorian, he has a voice like Clint Eastwood’s man with no name, and in fact he’s the guy with no face; he hardly ever removes his helmet – apart from in one key scene – despite the fact that it must surely restrict his visual field. And he must surely remove it occasionally to eat and drink and trim his moustache. Body-double actors Lateef Crowder and Brendan Wayne variously play the helmeted Mandalorian striding around, giving director Jon Favreau and Pascal exceptional leeway with the filming and voice-recording schedule. The Mandalorian is a vivid symbol of the importance of genre IP over old-fashioned star presence and the obvious comparison with Dave Prowse body-doubling Darth Vader is disconcerting. Continue reading...
Meta Platforms Inc (META) stock is off its recent highs after the Q1 earnings release. META could be cheap based on revenue, operating cash flow, capex, and free cash flow forecasts. Value investors are looking at shorting OTM puts. META closed at $611.21 on Monday, May 18, down slightly. However, it's well off a recent peak of $688.84 on April 17, before the April 29 earnings release. It's still ...
Meta Platforms Inc (META) stock is off its recent highs after the Q1 earnings release. META could be cheap based on revenue, operating cash flow, capex, and free cash flow forecasts. Value investors are looking at shorting OTM puts. META closed at $611.21 on Monday, May 18, down slightly. However, it's well off a recent peak of $688.84 on April 17, before the April 29 earnings release. It's still up from a March 30 trough price of $536.38. Strong FCF and Capex Outlook Meta delivered strong YoY free cash flow (FCF) last quarter (+19.9%), despite a 47% YoY increase in its capital expenditures (capex). This can be seen in the table provided by Meta Platforms on page 15 of its shareholder deck presentation. Meta likes to include principal payments on its finance leases, as a form of capex (Meta says it's irrelevant that the company borrows money to pay for “plant”). Most other tech companies, other than Amazon, don't do this. However, even with this measure included, FCF rose significantly, though it was down last quarter. However, more importantly, Meta projected that it intends to spend between $115 billion and $135 billion (see page 8 of the earnings transcript) on capex this year. That's +73% higher than the $72.215 billion in capex and finance lease principal payments made during 2025. That works out to just $10.42 billion per month (i.e., $125 midpoint/12) or $31.26 billion per quarter. That is well over the $19.84 billion in Q1 capex, incl. principal payments on finance leases. It implies another +57.5% increase in quarterly capex/principal payments on finance leases compared over the next year, compared to Q1. As a result, to project future FCF, forecast its operating cash flow, and then deduct the expected capex payments. From that, we can derive a fair value for META stock. Projecting Meta's FCF For example, analysts now forecast that Meta's 2027 revenue will rise to $301.63 billion. Multiplying this by its trailing 12-month (TTM) operating cash flow (OCF) mar...
The AI infrastructure boom just delivered its loudest market debut yet. Cerebras Systems (CBRS), the chipmaker behind a processor roughly the size of a dinner plate, began trading on May 14 under the CBRS ticker. But CBRS stock didn’t just open — it exploded. After pricing at $185 following two upward revisions to its initial public offering (IPO) range, shares began trading at $350 and finished t...
The AI infrastructure boom just delivered its loudest market debut yet. Cerebras Systems (CBRS), the chipmaker behind a processor roughly the size of a dinner plate, began trading on May 14 under the CBRS ticker. But CBRS stock didn’t just open — it exploded. After pricing at $185 following two upward revisions to its initial public offering (IPO) range, shares began trading at $350 and finished the session at $311.07, giving the company a market value of roughly $95 billion. The $5.55 billion raise instantly became the largest IPO of 2026, surpassing every other listing this year. The AI chip sector has been surging for months, with semiconductor exchange-traded funds (ETFs) delivering triple-digit gains as hyperscalers and AI labs race to secure more computing power. Cerebras is stepping directly into that momentum, claiming inference speeds up to 15 times faster than traditional GPU clusters. The big question now is whether the company can justify its eye-popping first-day valuation. Cerbras Systems Is a Different Kind of Chip Company Cerebras is not a conventional chipmaker. The company builds wafer-scale processors, which means it turns an entire silicon wafer into one giant chip. That design is aimed at inference, the part of AI that runs already-trained models. Management says the setup can deliver inference speeds that are far ahead of traditional GPU clusters. That pitch matters because the AI race is not just about training models anymore. It is also about running them cheaply and quickly at scale. That is where CBRS stock gets tricky. At its May 14 closing price, Cerebras was valued at nearly $95 billion against 2025 revenue of $510 million. That implies a price-to-sales (P/S) ratio of roughly 186.3 times, which is a very demanding number by any standard. For context, Nvidia (NVDA) trades at about 26.4 times sales while Advanced Micro Devices (AMD) trades at 21.1 times sales. So, Cerebras is not just expensive. It is priced as though almost everything wil...
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at the protests that have erupted in Kenya over surging fuel prices. And: The widening Ebola outbreak triggers a hunt for vaccines A South African court says doctors can’t be told where to work Zambia is set for a record ...
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at the protests that have erupted in Kenya over surging fuel prices. And: The widening Ebola outbreak triggers a hunt for vaccines A South African court says doctors can’t be told where to work Zambia is set for a record corn crop for a second straight year Fuel Price Fury Kenya’s government is in a bind. Owners of the minibus taxis that form the backbone of the East African nation’s mass-transit system withheld services to try and force the government to suspend all taxes on fuel after the Iran war sent prices soaring. Traffic largely ground to a halt in parts of the capital, Nairobi, and other towns as protesters blocked major thoroughfares with burning barricades and rocks. At least four people died and hundreds were arrested. Kenya imposes nine different taxes and levies on fuel that account for about a third of pump prices. While the government has drawn down on a stabilization fund and halved value-added tax on fuel to 8%, a concession that has cost it $186 million over the past two months, other charges have been retained. Diesel prices are up by more than 40% since fighting in the Middle East erupted at the end of February and gasoline has jumped 20% to just shy of an all-time high. “It must be recognized that the government is doing something,” Treasury Secretary John Mbadi told Citizen TV. “It’s not that the government is insensitive, it’s a worldwide crisis.” While there could be further intervention, “I don’t want to give Kenyans too much hope,” he added. Hours later, the energy regular announced a 7% cut in diesel prices and raised the cost of kerosene to make up for the lost revenue. Public transport operators on Tuesday agreed to suspend their protest for seven days to allow for further talks, while warning demonstrations would resume if their demands weren’t heeded. The gove...
At the European arm of failed crypto exchange FTX, Patrick Gruhn watched as traders repeatedly lost money on risky bets. Now, he’s launching a product where the savviest investors can turn a profit — even while putting zero capital at stake. Perpetuals.com Ltd. on Tuesday launched UpsideOnly, a platform that turns crowdsourced paper-trading strategies into shared real-money profits by executing be...
At the European arm of failed crypto exchange FTX, Patrick Gruhn watched as traders repeatedly lost money on risky bets. Now, he’s launching a product where the savviest investors can turn a profit — even while putting zero capital at stake. Perpetuals.com Ltd. on Tuesday launched UpsideOnly, a platform that turns crowdsourced paper-trading strategies into shared real-money profits by executing bets with only the company’s capital. Investors place fake trades that predict the future price of assets like oil, gold and equities, after which an artificial intelligence model chooses the ones that are most likely to result in profit. The company then trades on those forecasts using its own money, and where it succeeds, shares half of the earnings with traders who created the winning signals. In short, instead of parting with their cash, traders give up their time and expertise in training Perpetuals’ AI for a slice of the profits. And while the company itself takes on the risk of potential losses, it gains valuable data that AI could never generate on its own. “That’s the entire idea in using human intelligence, crowd intelligence — because they are good at generally analyzing the financial instruments, no matter what it is, but they’re very bad at execution,” said Gruhn , who became chief executive officer of Perpetuals in 2023. Crowdsourcing amateur trading signals to beat high-priced hedge fund strategies is a tried-and-tested model that hasn’t always worked out . Even with recent advances in the technology, AI has also proved to be poor at stock-picking or crypto trading when left to its own devices. Read More: AI Bots Auditioning for Wall Street Trading Are Mostly Losing Gruhn’s hope is that mixing the two might be a recipe for success. Perpetuals’ AI model, BayesShield AI, was developed in-house with the sole goal of scoring and identifying the strongest trading strategies, the company said. It’s already been trained on a dataset of 22 billion trades. “You cannot u...
In most platforming games, you're fighting against the world around you. You're trying to beat a level, nail a seemingly impossible series of jumps, or defeat a powerful boss. But even though Yoshi and the Mysterious Book uses familiar gameplay - you traverse the world by jumping, climbing, and, uh, eating - it reframes your goal to focus on exploration instead of competition. And in doing so it r...
In most platforming games, you're fighting against the world around you. You're trying to beat a level, nail a seemingly impossible series of jumps, or defeat a powerful boss. But even though Yoshi and the Mysterious Book uses familiar gameplay - you traverse the world by jumping, climbing, and, uh, eating - it reframes your goal to focus on exploration instead of competition. And in doing so it reimagines the classic side-scrolling platformer as something that feels refreshingly new: laid-back, playful, and bursting with ideas. The new Yoshi game looks like a storybook, and that's because it takes place inside of one. Early on you meet a s … Read the full story at The Verge.
The new Surface Laptop 8 and Surface Pro 12 models. | Image: Microsoft Almost exactly two years ago, Microsoft introduced Arm-powered versions of the Surface Pro 11 and Surface Laptop 7, with Intel models not ready until more than six months later . This time around Microsoft is refreshing its Surface Pro and Surface Laptop models with Intel's latest Core Ultra Series 3 processors first, ahead of ...
The new Surface Laptop 8 and Surface Pro 12 models. | Image: Microsoft Almost exactly two years ago, Microsoft introduced Arm-powered versions of the Surface Pro 11 and Surface Laptop 7, with Intel models not ready until more than six months later . This time around Microsoft is refreshing its Surface Pro and Surface Laptop models with Intel's latest Core Ultra Series 3 processors first, ahead of similar models with Qualcomm's new Snapdragon X2 processors later this year. The new Surface Pro 12, or as Microsoft calls it the Surface Pro for Business 13-inch (12th Edition), will be available for businesses today, starting at an eye-watering $1,949.99. The base model will include an Intel Core Ultra 5 processor, 1 … Read the full story at The Verge.
When The Mandalorian first debuted on Disney Plus , it was a refreshing reminder of how fascinating Star Wars stories can be when they aren't focused on the same handful of well-established characters. Especially in its first season, the series felt like a sign that Disney was shifting gears after disappointing fans with its last trilogy of big budget features. But as The Mandalorian went on , it ...
When The Mandalorian first debuted on Disney Plus , it was a refreshing reminder of how fascinating Star Wars stories can be when they aren't focused on the same handful of well-established characters. Especially in its first season, the series felt like a sign that Disney was shifting gears after disappointing fans with its last trilogy of big budget features. But as The Mandalorian went on , it became overstuffed with supporting characters and haphazardly-introduced lore that did little to make the show feel like must-see TV. The relative weakness of The Mandalorian 's most recent season is part of what made it so surprising when Lucasfilm a … Read the full story at The Verge.
DataVerge’s Brooklyn data center facility delivers low-latency AI inference, high-density GPU infrastructure, and long-term scalability for enterprise AI workloadsNEW YORK, May 19, 2026 (GLOBE NEWSWIRE) -- DataVerge, owner and operator of Brooklyn's largest carrier-neutral interconnection facility, today announced that Mathpix, the AI-powered document automation and scientific communication compan...
DataVerge’s Brooklyn data center facility delivers low-latency AI inference, high-density GPU infrastructure, and long-term scalability for enterprise AI workloadsNEW YORK, May 19, 2026 (GLOBE NEWSWIRE) -- DataVerge, owner and operator of Brooklyn's largest carrier-neutral interconnection facility, today announced that Mathpix, the AI-powered document automation and scientific communication company, is expanding its infrastructure at DataVerge’s Industry City facility to support AI training and
ISerg/iStock via Getty Images Cheap can always get cheaper, and that’s a lesson that I’ve learned in the world of investing many times over. However, sometimes a valuation just gets so low that it starts to look silly. A low valuation with a high dividend yield that’s well covered by cash flows can present a great opportunity for value investors. Such I find the case with Crescent Capital BDC ( CC...
ISerg/iStock via Getty Images Cheap can always get cheaper, and that’s a lesson that I’ve learned in the world of investing many times over. However, sometimes a valuation just gets so low that it starts to look silly. A low valuation with a high dividend yield that’s well covered by cash flows can present a great opportunity for value investors. Such I find the case with Crescent Capital BDC ( CCAP ), which I last covered in November 2025, highlighting its diversified portfolio and improving non-accrual rate. Since my last piece, a lot has changed for the private credit industry from a market sentiment perspective, including fears around AI disruption and lower rates. That, combined with the recent quarter’s headwinds, has pushed CCAP stock down to $11.13. This puts it within 1% of its 52-week low, and the dividend yield is up to 13%, as shown below. CCAP Stock 1-Yr Trend (Seeking Alpha) In this article, I revisit CCAP, including recent business results , and discuss why the current valuation makes sense for value and high income, so let’s get started! Why CCAP? Crescent Capital is an externally managed BDC that makes debt investments in middle-market companies in the United States (89% of portfolio) and Europe (8%). It has a $1.56 billion investment portfolio at fair value. The portfolio is spread across 192 investments with a median portfolio company EBITDA of $30 million. Most of CCAP’s portfolio (92%) is in the form of first lien debt, which sits at the top of the capital stack. The portfolio covers 21 industries, with healthcare, software, and commercial services making up 63% of the portfolio total. The average position makes up just 0.5% of the portfolio, and the top 10 positions account for just 17% of investments, as shown below. Investor Presentation In Q1 2026, CCAP generated NII per share of $0.38, which is down from $0.45 in the prior quarter. This was driven by an increase in nonaccruals and a reduction in base rates. However, management made a shareh...
Boy Wirat/iStock via Getty Images Input costs across Asia rose sharply in April amid the war in the Middle East and surging energy prices. While output prices also increased accordingly, analysis of PMI ® data suggests that companies are not passing on rapid cost increases in full. The gap between what firms are paying and what they are charging has important implications for inflation and interes...
Boy Wirat/iStock via Getty Images Input costs across Asia rose sharply in April amid the war in the Middle East and surging energy prices. While output prices also increased accordingly, analysis of PMI ® data suggests that companies are not passing on rapid cost increases in full. The gap between what firms are paying and what they are charging has important implications for inflation and interest rates. Input costs rose across all 12 Asian manufacturing economies surveyed in April, the bulk of which are emerging markets. Taiwan, Myanmar, and South Korea posted the steepest rates of inflation. With the sole exception of Malaysia, output price inflation remained well below that seen for input costs in every country, signalling that firms are absorbing a meaningful share of the rising cost burden. Analysis of the PMI indices to normalise the gap between input costs and output prices can help us to judge the extent to which firms are either absorbing cost increases or passing them through to customers. Historical analysis of PMI data during the energy shock following Russia’s invasion of Ukraine suggests it took on average 13 months for cost-charge gaps to normalise across Asia’s private sector. On that basis, we are likely to see current cost increases passed through to customers for some time to come. What the latest PMI data show Every month, businesses across Asia are asked whether their input costs rose, stayed the same, or fell compared to last month. The same question is asked about the prices they charge their customers. Looking at the April manufacturing sector results, we saw historically steep increases in input costs across all economies monitored, led by emerging markets such as Taiwan, Myanmar, and South Korea. Notably, double-digit monthly rises in input cost indices were registered in Japan, Myanmar, and Thailand, whereas above-long-run average rates of inflation were noticed across the board. What stood out in April was the persistent gap between what...
Follow Joe Parrish on Seeking Alpha! Read Joe Parrish's Article on Seeking Alpha! Explore Alpha Picks Today! This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Past performance is no guarantee of future results. Content is offered for...
Follow Joe Parrish on Seeking Alpha! Read Joe Parrish's Article on Seeking Alpha! Explore Alpha Picks Today! This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Past performance is no guarantee of future results. Content is offered for information purposes only. Unless stated otherwise, any and all individuals participating in the video are third parties that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Unless stated otherwise, the views or opinions expressed may not reflect those of Seeking Alpha as a whole. The accuracy and completeness of content shared cannot be guaranteed. Seeking Alpha does not take account of your objectives or financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker, US investment adviser, or investment bank. Nicole Benjamin : Hey, everybody. It's Nicole Benjamin, your host here at Seeking Alpha to bring to you another episode of our series Portfolio Pulse, where, as the name suggests, we are keeping a pulse to all the big financial moves happening in the market. Now for today's episode, joining us is none other than Joe Parrish. Thank you, Joe, so much for joining us today. Joe Parrish : Yeah. Thanks for having me today, Nicole. NB : Absolutely. So for everybody that's listening in, I want to dive into your background. I see you've been on the Seeking Alpha platform since 2023. Tell us a little bit about that. How you got on? What your investment philosophy is? Things like that. JP : I mean, lot of it goes back to when I first got interested in investing. That was back in 2020. And it really came from a place of wanting to have some control of my financial future because I think if you're like any millennial or Gen ...