Club reported £104.2m loss in last set of accounts Bowen, Fernandes and Summerville would have suitors West Ham will be under pressure to raise more than £100m through player sales if they are relegated. The club reported a loss of £104.2m in their last set of accounts and their financial problems will deepen if they are no longer in the Premier League. They are on the brink of going down after lo...
Club reported £104.2m loss in last set of accounts Bowen, Fernandes and Summerville would have suitors West Ham will be under pressure to raise more than £100m through player sales if they are relegated. The club reported a loss of £104.2m in their last set of accounts and their financial problems will deepen if they are no longer in the Premier League. They are on the brink of going down after losing 3-1 at Newcastle on Sunday . Their fate will in effect be confirmed if Tottenham draw at Chelsea on Tuesday night and sealed if Spurs win. West Ham are realistic enough to know they will probably be in the Championship next season. Continue reading...
A jury on Monday rejected Elon Musk’s claims against Sam Altman and OpenAI ( OPENAI ) following less than two hours of deliberations, ending a high-profile legal battle between the tech billionaires, according to media reports. The nine-person jury unanimously found that Musk waited too long to file his lawsuit and missed the deadline for the statute of limitations. The jury served in an advisory ...
A jury on Monday rejected Elon Musk’s claims against Sam Altman and OpenAI ( OPENAI ) following less than two hours of deliberations, ending a high-profile legal battle between the tech billionaires, according to media reports. The nine-person jury unanimously found that Musk waited too long to file his lawsuit and missed the deadline for the statute of limitations. The jury served in an advisory role, though Judge Yvonne Gonzalez Rogers accepted the verdict as the court’s own and dismissed Musk’s claims. In 2024, Musk sued Altman and OpenAI ( OPENAI ), accusing them of breaching their commitment to maintain the AI lab as a nonprofit. His legal team sought to force OpenAI and Microsoft ( MSFT ) to return up to $134B in “ill-gotten gains” and remove Altman from leadership. OpenAI’s ( OPENAI ) lawyers argued that Musk’s donations were unrestricted and that restructuring was necessary to compete with Google DeepMind. They portrayed the lawsuit as Musk’s attempt to undermine a rival after failing to gain control of the company. Musk has reportedly testified he gave roughly $38B to OpenAI provided it would develop AI “for the benefit of humanity,” rather than enrich any one person. The trial that started April 27 in Oakland, California, shed light on the bitter falling-out between the two Silicon Valley titans and the beginnings of OpenAI, now a company valued at $852B and moving toward potentially one of the largest initial public offerings in history. The Associated Press contributed to this report. More on Tesla, OpenAI Tesla: It's All Downhill From Here Tesla: Another Chance To Sell (Technical Analysis) Tesla's Five-Front Strategy: Why No Rival Can Match Its Full Scope Musk under fire for failing to pay xAI staff for offering tax info for Grok training: report OpenAI is said to have bought Weights.gg, a voice cloning startup
Dohrn's parents, Bill Ayers and Bernardine Dohrn, helped found the the Weather Underground. "I knew that the FBI was chasing us," he says. His memoir is Dangerous, Dirty, Violent, and Young. (Image credit: David Handschuh)
Dohrn's parents, Bill Ayers and Bernardine Dohrn, helped found the the Weather Underground. "I knew that the FBI was chasing us," he says. His memoir is Dangerous, Dirty, Violent, and Young. (Image credit: David Handschuh)
NextEra Energy Inc. ’s $67 billion bid for Dominion Energy Inc. won’t just create an energy giant stretching from Florida to Virginia, it’s also helping the power firm shore up its credit standing in the eyes of rating companies. Demand from artificial intelligence data centers accelerated growth at NextEra’s power generation business, making it more reliant on earnings from its unregulated unit, ...
NextEra Energy Inc. ’s $67 billion bid for Dominion Energy Inc. won’t just create an energy giant stretching from Florida to Virginia, it’s also helping the power firm shore up its credit standing in the eyes of rating companies. Demand from artificial intelligence data centers accelerated growth at NextEra’s power generation business, making it more reliant on earnings from its unregulated unit, where prices are more volatile. That shift was putting its credit ratings ever closer to potential downgrade thresholds, according to Andy DeVries , a utility analyst for CreditSights , a debt research firm. “A lesser known aspect of the deal is the need for NextEra to do a regulated acquisition to appease the agencies,” DeVries said, referring to bond rating firms. Credit rating firms want to see owners of utilities getting the bulk of their earnings from their regulated power distribution businesses, which can provide more predictable cash flow and are less vulnerable to fluctuations that can happen in less regulated parts of the energy market. The three biggest US credit graders, Fitch Ratings , S&P Global Ratings and Moody’s Ratings, reaffirmed NextEra’s ratings Monday, citing the increase in cash flows from the regulated businesses. NextEra is paying a takeover premium of 23% based on Friday’s closing stock prices. The deal valued Dominion — which serves 4.1 million utility customers in Virginia, North Carolina and South Carolina — at about $116 billion including debt, according to data compiled by Bloomberg. Read more: NextEra to Buy Dominion for $67 Billion to Create US Power Giant For NextEra, it means regulated operations will account for about 80% of its business, compared with just above 70% currently, company executives said Monday during a call with investors. Ratings firms’ thresholds are based on regulated earnings making up about 70% to 75% of the total, CreditSights said. NextEra Chief Financial Officer Michael Dunne said during the investor call that the a...
“We’ve got to get the SpaceX IPO stuff going here pretty soon,” Elon Musk said at a tech summit in Israel on Monday. He's looking to raise as much as $75 billion on a valuation of more than $2 trillion. Bloomberg's Anthony Hughes reports. (Source: Bloomberg)
“We’ve got to get the SpaceX IPO stuff going here pretty soon,” Elon Musk said at a tech summit in Israel on Monday. He's looking to raise as much as $75 billion on a valuation of more than $2 trillion. Bloomberg's Anthony Hughes reports. (Source: Bloomberg)
US President Donald Trump (R) gestures as he poses for photos with China's President Xi Jinping during a visit to Zhongnanhai Garden in Beijing on May 15, 2026. Evan Vucci | Afp | Getty Images President Donald Trump has returned stateside and so has his administration's focus, even as the Iran war and the aftermath of his China trip remain front-burner issues. Trump and his top officials are fanni...
US President Donald Trump (R) gestures as he poses for photos with China's President Xi Jinping during a visit to Zhongnanhai Garden in Beijing on May 15, 2026. Evan Vucci | Afp | Getty Images President Donald Trump has returned stateside and so has his administration's focus, even as the Iran war and the aftermath of his China trip remain front-burner issues. Trump and his top officials are fanning out across the U.S. this week for events aimed at touting his domestic achievements — a notable pivot after major foreign policy matters in Iran, China, Cuba, Venezuela and elsewhere have dominated headlines for months. Trump on Monday afternoon is set to unveil his latest effort to bring down healthcare costs, while Defense Secretary Pete Hegseth travels to a campaign event in Kentucky and Vice President JD Vance attends a manufacturing-focused event in Missouri. The apparent shift, days after Trump's return from Beijing, comes ahead of the fast-approaching 2026 midterm elections , where Democrats hope to regain at least one chamber of Congress and fiercely push back against the president's policy agenda. They're aiming to capitalize on Trump's dwindling approval ratings, which have sunk to new lows in multiple recent polls as most Americans express negative views about the Iran war and the state of the economy. Those pressures have helped make affordability a central theme of the midterms. Trump's announcement at the White House is billed as a "Healthcare Affordability Event." The president is expected to announce an expansion of the number of discounted prescription drugs offered through the administration's TrumpRX website, a White House official told CNBC ahead of the 4:30 p.m. ET event. On Wednesday, Trump is set to travel to Connecticut to deliver a commencement address to the U.S. Coast Guard Academy. Meanwhile, Hegseth, who leads the ongoing military operations in Iran, is set to travel to Hebron, Ky., to speak at an event with Ed Gallrein, a Trump-backed U.S. H...
On May 15, 2026, ADAR1 Capital Management disclosed a buy of 829,963 shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) , an estimated $37.07 million trade based on quarterly average pricing. According to a SEC filing dated May 15, 2026, ADAR1 Capital Management increased its position in Crinetics Pharmaceuticals by 829,963 shares during the first quarter of 2026. The estimated transaction value is...
On May 15, 2026, ADAR1 Capital Management disclosed a buy of 829,963 shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) , an estimated $37.07 million trade based on quarterly average pricing. According to a SEC filing dated May 15, 2026, ADAR1 Capital Management increased its position in Crinetics Pharmaceuticals by 829,963 shares during the first quarter of 2026. The estimated transaction value is $37.07 million, calculated using the average closing price for the quarter. The quarter-end value of the position rose by $26.98 million, reflecting both the addition of shares and share price changes over the period. The company is focused on discovering and developing novel oral therapies for rare endocrine diseases and related tumors. Its strategy centers on advancing late-stage assets toward regulatory approval and commercial launch, leveraging proprietary expertise in receptor-targeted drug design to address significant unmet medical needs. Continue reading
13D Management sold out its entire position in Bill.com (NYSE:BILL) during the first quarter, according to a May 15, 2026, SEC filing. The estimated transaction value was $4.03 million, based on quarterly average pricing. According to an SEC filing dated May 15, 2026, 13D Management liquidated its entire 90,000-share stake in Bill.com during the first quarter. The transaction’s estimated value was...
13D Management sold out its entire position in Bill.com (NYSE:BILL) during the first quarter, according to a May 15, 2026, SEC filing. The estimated transaction value was $4.03 million, based on quarterly average pricing. According to an SEC filing dated May 15, 2026, 13D Management liquidated its entire 90,000-share stake in Bill.com during the first quarter. The transaction’s estimated value was $4.03 million, calculated using the average unadjusted closing price for the quarter. The position’s quarter-end value decreased by $4.91 million, a figure that includes both trade and market price effects. Bill.com provides cloud-based financial automation software, facilitating digital payment processes for businesses. The company leverages a SaaS model to deliver scalable solutions that streamline accounts payable and receivable operations. Its platform enables clients to improve cash flow management and operational efficiency. Continue reading
imaginima/iStock via Getty Images The Fed got a new chair on Friday. Kevin Warsh walked into a 30-year yield above 5%, inflation at 3.8%, and the most divided FOMC since 1992. He also walked in with an explicit view that AI is a "significant disinflationary force" - which is his code for permission to cut rates into the largest industrial buildout in human history. So while Wall Street debates rip...
imaginima/iStock via Getty Images The Fed got a new chair on Friday. Kevin Warsh walked into a 30-year yield above 5%, inflation at 3.8%, and the most divided FOMC since 1992. He also walked in with an explicit view that AI is a "significant disinflationary force" - which is his code for permission to cut rates into the largest industrial buildout in human history. So while Wall Street debates ripples on the surface, here's what the people actually building the thing are saying. Nvidia's ( NVDA ) founder, Jensen Huang, famously called a day in November of 2022 the "ChatGPT moment" - a day that changed everything. From that one breakthrough, he said, it was clear the world would go through a trillion-dollar transformation in how computers work. We talked about it in my first AI Innovation Portfolio note back in June of 2023 - and how it would likely usher in an era of multi-trillion dollar companies. We've seen it. Still, Jensen underestimated. It's going to be far bigger than a trillion dollars. And it's happening in years, not a decade. With that, Jensen thinks we've recently had another one of those "moments." It was February 5th. On that single day, two of the most important AI companies in the world didn't just release a better version of a generative AI model. They released something fundamentally different. "Always-on" AI. AI that does your work. On its own. All day. All night. Without you in the room. Jensen said what happened that day "did for AI, what ChatGPT did." It changed the game the same way ChatGPT did three years ago. It was another world-changing moment. Here's why: Before February 5th, the demand for AI was driven by people. People ask questions. People sleep. People go on vacation. The whole thing ran at human speed. After February 5th, it stopped running at human speed and started running at machine speed. We've talked about the "always-on" inferencing, where every time someone hits enter, a machine pings a model, and the model goes into reasoni...
jetcityimage/iStock Editorial via Getty Images Investment Overview I used to have a theory around Humana Inc. ( HUM ) stock, essentially that the market typically overreacted to any setback experienced by the Louisville, Kentucky-headquartered health insurer, panic selling stock, which would drop suddenly and dramatically in value, before recovering to trade higher than before. In summary, it was ...
jetcityimage/iStock Editorial via Getty Images Investment Overview I used to have a theory around Humana Inc. ( HUM ) stock, essentially that the market typically overreacted to any setback experienced by the Louisville, Kentucky-headquartered health insurer, panic selling stock, which would drop suddenly and dramatically in value, before recovering to trade higher than before. In summary, it was a straightforward "buy the dip" thesis, and as we can see in the chart below, it generally held true - until the end of 2023, that is: Humana - 10yr share price performance (TradingView) The thesis has been very solely tested in the past couple of years, for reasons I outlined in a recent note comparing Humana, and the U.S.' largest health insurer, UnitedHealth ( UNH ): In 2023, Humana's operating margin was a still-healthy 4.6%, while UnitedHealth's remained at ~8.7%. In 2024, the Centers for Medicaid and Medicare Services ("CMS") opted to increase rate payments for MA plans for 2025 by just 3.7% , which insurers interpreted as an overall reduction, given rising healthcare utilization. Humana's operating margin sank to 2.7% in 2024, and in Q3 2025 , ~2%. Announcing its full-year earnings for 2025, UnitedHealth reported a figure of 5.36% and guided for a figure of 5.5% in 2026. Between November 2023 and November 2025, Humana stock fell from ~$515 per share to $227 per share, down >55%, while between April 2025 and July 2025, UnitedHealth stock fell from $600 per share to ~$240 per share, down ~60%. Humana's business is almost entirely comprised of providing Medicare Advantage ("MA") plans for seniors. MA plans are paid for by the U.S. government and administered by private health insurers. I have also quoted before figures shared by KFF.org , an independent research organization, suggesting ~34m of ~63m Americans were enrolled in such plans, with the share forecast to increase to as much as 64% (>40m) by 2034. Initially, providing MA plans to seniors was an extremely profit...
Getty Images Though the S&P 500 remains hovering near all-time highs, this is hardly a time for investors to be complacent about the direction of the stock market. In my view, rich valuations have made the semiconductor stocks that dominate this year’s gains vulnerable to a turnaround , and the far better bargains to be had are in the small/mid-cap space. Starz Entertainment Corp. ( STRZ ), the st...
Getty Images Though the S&P 500 remains hovering near all-time highs, this is hardly a time for investors to be complacent about the direction of the stock market. In my view, rich valuations have made the semiconductor stocks that dominate this year’s gains vulnerable to a turnaround , and the far better bargains to be had are in the small/mid-cap space. Starz Entertainment Corp. ( STRZ ), the streaming company, has had a banner year already. Its stock has roughly doubled this year, even while streaming rival Netflix ( NFLX ) has flatlined. Despite the sharp gains already, I think there’s further steam ahead in this rally. Data by YCharts I last wrote a "Buy" article on Starz in March, when the stock was trading at a mere $11 per share. Since then, my position has more than doubled, and I regret not having more conviction in my long at the time. Nevertheless, I continue to see substantial tailwinds in this company and am reiterating my "Buy" rating for this stock. There are two core recent headlines that are driving tremendous optimism for Starz that investors should be aware of. The first is that the company has exited a Pay Two agreement with Universal Studios. Essentially, the company was paying Universal for a lot of content that had landed on Amazon first. And because Starz notes that its subscriber base has lots of overlap with Amazon Prime, these titles did not generate enough subscriber uplift for Starz to justify the cost of the deal. The company notes that exiting this unprofitable deal has allowed management to move forward its expectations of reaching a 20% OIBDA margin to the back half of 2027, instead of exiting 2028 - a meaningful acceleration in timeline that also showed us that Starz isn’t about “growth at all costs” but optimizing deal economics for shareholders. This move allowed for a meaningful upward re-rating in the stock. The second is the fact that media mogul Byron Allen, owner of the Allen Media Group, which distributes and syndicates TV ...
Donaldson Company ( DCI ) is likely to announce a dividend increase in May, continuing its 30-year streak of consecutive dividend growth based on historical patterns. Analysts expect a consensus annual dividend of $1.21 per share, implying a quarterly dividend of approximately $0.3025, representing nearly a 0.8% increase from the prior payout of $0.3000. The company last declared a dividend of $0....
Donaldson Company ( DCI ) is likely to announce a dividend increase in May, continuing its 30-year streak of consecutive dividend growth based on historical patterns. Analysts expect a consensus annual dividend of $1.21 per share, implying a quarterly dividend of approximately $0.3025, representing nearly a 0.8% increase from the prior payout of $0.3000. The company last declared a dividend of $0.3000 per share in January 2026, representing an annual yield of 1.46%, and raised its dividend last May by 11.1% to $0.3000 from $0.2700 in May 2025. The company has delivered a 5-year dividend growth rate of approximately 7.39% and maintains an annual payout ratio of 31.66%. The company holds ratings of A- for safety, A for growth, C for yield, and A+ for dividend consistency. DCI is scheduled to report its fiscal Q3 2026 financial results on June 02, 2026. More on Donaldson Donaldson Company, Inc. (DCI) Presents at Oppenheimer 21st Annual Industrial Growth Virtual Conference Transcript Donaldson Company, Inc. (DCI) Presents at 47th Annual Raymond James Institutional Investor Conference - Slideshow Donaldson Company, Inc. (DCI) Presents at 47th Annual Raymond James Institutional Investor Conference Transcript Donaldson updates fiscal 2026 guidance to $3.8B sales and $3.97 EPS as Facet acquisition strengthens outlook Donaldson shares sink after revenue miss, lowered profit outlook
Pouria Zeraati, who worked for a dissident Farsi-language broadcaster, was attacked outside his home in 2024 The stabbing of a journalist in London was a planned attack ordered by a third party acting on behalf of the Iranian state, a court has heard. Pouria Zeraati, a British journalist of Iranian origin, had worked for Iran International, a Farsi-language dissident broadcaster, when he was stabb...
Pouria Zeraati, who worked for a dissident Farsi-language broadcaster, was attacked outside his home in 2024 The stabbing of a journalist in London was a planned attack ordered by a third party acting on behalf of the Iranian state, a court has heard. Pouria Zeraati, a British journalist of Iranian origin, had worked for Iran International, a Farsi-language dissident broadcaster, when he was stabbed in the leg outside his west London home in 2024. Continue reading...
In this article JPM STX WDC SNDK MU Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 2:28 02:28 Samsung strike looms, causes ripple effect through memory stocks The Exchange Shares of memory chip maker Seagate slipped more than 8% Monday, leading a group-wide sell-off after comments from CEO Dave Mosley raised concerns that it won't be able to meet the soaring demand fueled by the a...
In this article JPM STX WDC SNDK MU Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 2:28 02:28 Samsung strike looms, causes ripple effect through memory stocks The Exchange Shares of memory chip maker Seagate slipped more than 8% Monday, leading a group-wide sell-off after comments from CEO Dave Mosley raised concerns that it won't be able to meet the soaring demand fueled by the artificial intelligence buildout. Mosley was asked at a JPMorgan conference on Monday what it would take to add unit or floor capacity to produce more chips in Seagate's factories. "If we took the teams off and started building new factories or bringing up new machines, that would just take too long. You would end up with more capacity, but then you'd slow the rate of growth on that technology," Mosely said. Micron shares were down 5%, with both SanDisk and Western Digital Corporation trading roughly 7% lower. Stock Chart Icon Stock chart icon Stock chart comparing the prices for Seagate, Micron, Western Digital and SanDisk over a five-day period. Read more CNBC tech news Meta layoffs starting this week stress harsh AI reality inside Zuckerberg's company How Elon Musk and Sam Altman went from besties to bitter rivals Trump says he should've asked for 'more' of Intel when negotiating stake with CEO Samsung strike involving 47,000 workers looms as South Korea's president urges labor deal Memory chip stocks have soared in recent months as a flood of AI investing has sent demand soaring, with the chips a key part of the AI buildout in data centers. Chip production cycles stretch over many quarters for a single unit, and investors are increasingly wary of how long the leading memory makers can capture demand. CME Group is launching a new futures market for semiconductors, allowing more traders to lock in prices and hedge against the rising prices of computing power. At Monday's conference, Mosely also addressed the "very long lead times" and maintaining predictability with its cl...
A British court sentenced a Polish lorry driver to more than 13 years in prison for smuggling £7 million (US$9.4 million) worth of cocaine in a shipment of underwear and clothing from Skims, Kim Kardashian’s shapewear brand, authorities said on Monday. The National Crime Agency (NCA) said Jakub Jan Konkel, 40, was driving a vehicle carrying 28 pallets of Skims clothing from the Netherlands when he...
A British court sentenced a Polish lorry driver to more than 13 years in prison for smuggling £7 million (US$9.4 million) worth of cocaine in a shipment of underwear and clothing from Skims, Kim Kardashian’s shapewear brand, authorities said on Monday. The National Crime Agency (NCA) said Jakub Jan Konkel, 40, was driving a vehicle carrying 28 pallets of Skims clothing from the Netherlands when he was stopped by border officials at a port in Essex in September. The agency said Konkel had stopped...
"Magnificent Seven" stocks have a long history of beating the S&P 500 , but Meta Platforms (NASDAQ: META) , one of the seven , has been a recent laggard. It's down by 4% over the past year, while the S&P 500 has breezed past it with a 24% gain. However, Meta Platforms is delivering on fundamentals and looks like a generational buying opportunity despite its recent underperformance. Image source: G...
"Magnificent Seven" stocks have a long history of beating the S&P 500 , but Meta Platforms (NASDAQ: META) , one of the seven , has been a recent laggard. It's down by 4% over the past year, while the S&P 500 has breezed past it with a 24% gain. However, Meta Platforms is delivering on fundamentals and looks like a generational buying opportunity despite its recent underperformance. Image source: Getty Images. Continue reading