Road safety has been thrust into the spotlight after two Hong Kong tourists were killed in a car crash in New Zealand. The Chinese consulate in Christchurch, New Zealand, on Saturday revealed details of the fatal traffic accident that occurred a day earlier. The South China Morning Post outlines what road safety precautions motorists should take following the recent string of traffic accidents inv...
Road safety has been thrust into the spotlight after two Hong Kong tourists were killed in a car crash in New Zealand. The Chinese consulate in Christchurch, New Zealand, on Saturday revealed details of the fatal traffic accident that occurred a day earlier. The South China Morning Post outlines what road safety precautions motorists should take following the recent string of traffic accidents involving Hongkongers travelling overseas. 1. What to look out for at a new destination? In Hong Kong,...
watch now VIDEO 4:00 04:00 Oil price surge is starting to get uncomfortable, says Dan Niles Power Lunch Global oil inventories are falling at a record pace to compensate for the big supply disruption in the Middle East and they will approach critical levels if the Strait of Hormuz does not reopen. Higher prices for oil and fuel are likely ahead of peak demand this summer as a consequence, the Inte...
watch now VIDEO 4:00 04:00 Oil price surge is starting to get uncomfortable, says Dan Niles Power Lunch Global oil inventories are falling at a record pace to compensate for the big supply disruption in the Middle East and they will approach critical levels if the Strait of Hormuz does not reopen. Higher prices for oil and fuel are likely ahead of peak demand this summer as a consequence, the International Energy Agency warned this week in its monthly update. "Rapidly shrinking buffers amid continued disruptions, may herald future price spikes ahead," the IEA said. The oil market has not felt the full impact of the supply loss thanks to commercial inventories held by the industry, strategic reserves controlled by governments and tankers in transit, Exxon Mobil CEO Darren Woods said on the oil major's first-quarter earnings call. These stocks mitigated the impact of the disruption in March and April, Woods said. But commercial inventories will eventually fall to levels where they can longer serve as a supply source, the CEO said. "We anticipate as that happens and the strait remains closed, that we will continue to see increased prices in the marketplace," Woods said. Stockpiles near record lows Inventories were near a decade high at just over 8 billion barrels at the end of February, Swiss bank UBS estimated in a Tuesday report. By end of April, stockpiles fell to 7.8 billion barrels, UBS analysts said. Inventories will approach record lows of 7.6 billion barrels by end of May if demand remains the same month over month, the UBS analysts said. Inventories falling to that level would stress the supply chain, JPMorgan analysts said in an April 30 note. Billions of barrels in inventory may sound like a lot but the reality is that only about 800 million barrels are available without straining the system, the JPMorgan analysts said. The rest is needed to keep pipelines and tanks filled at minimum levels so the supply chain operates efficiently, they said. watch now VIDEO...
Getty Images Is Friday the start of something more worrying? Investors were probably given a first glance of what a potential bull market peak could look like if the bears were to have their say and sway in the following few weeks or months. With the Nasdaq down more than 1.5% on Friday and the S&P 500 down more than 1.2%, we are provided another opportunity to reassess whether this breathtaking r...
Getty Images Is Friday the start of something more worrying? Investors were probably given a first glance of what a potential bull market peak could look like if the bears were to have their say and sway in the following few weeks or months. With the Nasdaq down more than 1.5% on Friday and the S&P 500 down more than 1.2%, we are provided another opportunity to reassess whether this breathtaking rally since early April could finally have reached a (final) all-time high, marking the ultimate top for this AI boom. I've keenly observed both sides of the camp, from the bullish side to the bearish side, presenting their views on how this AI boom could unravel in the next couple of years. But the fact remains, that this is an unprecedented AI infrastructure build-out. So no one has any crystal ball to tell exactly how this will work out. We do not have a template for us to discern who could be right. Yet the fundamentals of the technology-led rally remain incredibly strong. S&P 500 EPS growth outlook (Yardeni Research) Earnings estimates for the S&P 500 continue to rise to a new high. In fact, it is doing so like clockwork. Analysts continue to mark up the year-over-year growth rate through the fourth quarter, prognosticating more than 23% of earnings growth for Q4. So any thoughts or worries about a deceleration for the rest of the year may not actually pan out. There are no clear signs of an AI jobpocalypse AI substitution versus AI augmentation (a16z) And then we know that the job apocalypse has been overstated. I am not saying that there are no job cuts or restructuring. We have definitely seen worrying job cuts, for example, from tech companies in the first quarter. And management is no longer shy in linking all this job restructuring to deepening AI investments. But to simply construe them as widespread AI-linked layoffs really doesn't do justice to jobs that actually benefit from AI augmentation. AI-exposed occupations (Bloomberg) Clearly, the job numbers do not sh...
UK Moves To Ban New North Sea Oil & Gas Licenses Permanently Via City AM , The UK government will introduce legislation banning new North Sea oil and gas exploration licences as part of its Energy Independence Bill. Critics argue the policy will increase Britain’s reliance on imported fossil fuels while damaging Scotland’s oil and gas industry. Rising oil prices and disruptions tied to the Iran co...
UK Moves To Ban New North Sea Oil & Gas Licenses Permanently Via City AM , The UK government will introduce legislation banning new North Sea oil and gas exploration licences as part of its Energy Independence Bill. Critics argue the policy will increase Britain’s reliance on imported fossil fuels while damaging Scotland’s oil and gas industry. Rising oil prices and disruptions tied to the Iran conflict have intensified political pressure on Labour to reconsider the ban. The government will make it illegal to grant new oil and gas licences in the North Sea, the King said at the state opening of Parliament, in a sign ministers are refusing to buckle in the face of a barrage of criticism that the policy is depriving the UK of billions of pounds in tax receipts without helping the environment. As part of an Energy Independence Bill announced in the King’s Speech, the government will bake into law its pre-election pledge not to explore new oil and gas fields in a bid to “take control of our energy security”. In its 2024 manifesto, the Labour Party made a ban on all new exploration and drilling licences in the North Sea a key pillar of its promise to turn Britain into a “clean energy superpower” by 2030. But since entering government, the party has come under growing pressure to renege on the promise, with critics arguing it strangles one of Scotland’s most vibrant industries and fails to improve the UK’s environmental footprint. Backlash against ‘deluded’ North Sea policy Oil and gas still accounts for three-quarters of the UK’s energy mix. And the majority of those fossil fuels are now shipped in from abroad, meaning other economies benefit from the job creation and tax receipts that are derived from the lucrative drilling and refining processes. Calls for the ministers to rethink the ban have grown louder since the outbreak of war in Iran led the price of crude oil to nearly double in a month. Last week, Norway, which drills for oil in the same area of the North Sea a...
primeimages/iStock via Getty Images U.S. Electrification White House Invokes the Defense Production Act to Boost Domestic Energy and Power Production The Trump administration issued several determinations under the Defense Product Act (DPA) to accelerate U.S. energy supply growth and lower prices. The determinations target 1) grid infrastructure and its upstream supply chains, including transmissi...
primeimages/iStock via Getty Images U.S. Electrification White House Invokes the Defense Production Act to Boost Domestic Energy and Power Production The Trump administration issued several determinations under the Defense Product Act (DPA) to accelerate U.S. energy supply growth and lower prices. The determinations target 1) grid infrastructure and its upstream supply chains, including transmission lines, substations, raw materials, power control electronics, and transformers; 2) large-scale energy systems and infrastructure development and deployment, including permitting and site acquisition; and 3) coal, natural gas, and petroleum production. The DPA provides broad, though temporary, authority to support capacity buildout across these categories, including through grants, loans, equity investments, and offtake agreements. The White House intends to expedite the deployment of funds allocated to the Department of Energy in the One Big Beautiful Bill Act. 1 Its use of the DPA supports our view that U.S. power demand growth is accelerating rapidly and that energy security concerns could prompt the federal government to introduce policies to support grid expansion. We believe the DPA could prove particularly useful if it leads to permitting reform or boosts grid component manufacturing investments. Cybersecurity Anthropic Initiative Illustrates Cybersecurity’s Emergence as AI’s Enforcement Layer Anthropic’s ( ANTHRO ) new Project Glasswing convenes major technology and security players like CrowdStrike ( CRWD ) and Palo Alto Networks ( PANW ) to deploy advanced AI models in a controlled, defensive setting to identify vulnerabilities at scale. One such model, Claude Mythos Preview, has already uncovered thousands of high-severity flaws across major operating systems and web browsers, underscoring both the power of AI and the urgency to secure it. 2 As the gap between vulnerability discovery and exploitation narrows, systemic risk is rising across enterprises and criti...
Alphabet unveiled the Googlebook, a new AI-native laptop line built around Gemini Intelligence, with hardware partners including Acer, Asus, Dell, HP, and Lenovo.
Alphabet unveiled the Googlebook, a new AI-native laptop line built around Gemini Intelligence, with hardware partners including Acer, Asus, Dell, HP, and Lenovo.
In this article BRK.B M V MA DPZ AON POOL FWONK FWONK LAMR AAL LUV UAL LILA DEO DEO LILAK BATRK BATRK NYT AMZN BRK.B Follow your favorite stocks CREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) ABEL OVERHAULS PORTFOLIO Notable positions cut...
In this article BRK.B M V MA DPZ AON POOL FWONK FWONK LAMR AAL LUV UAL LILA DEO DEO LILAK BATRK BATRK NYT AMZN BRK.B Follow your favorite stocks CREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) ABEL OVERHAULS PORTFOLIO Notable positions cut, Alphabet more than tripled, Delta is back Berkshire Hathaway's equity portfolio got one of its biggest renovations ever during Greg Abel's first three months as the company's CEO, according to a new SEC filing . Two new names, Delta Air Lines and Macy's , have been added to the list, along with increases for four holdings. Google parent Alphabet got the biggest boost as Berkshire increased the number of shares it owns by 224% in the first quarter. Given its size, the increase is almost certainly an Abel move that was either endorsed, or possibly even suggested, by Warren Buffett. Zoom In Icon Arrows pointing outwards With a market value of $16.6 billion as of the end of the first quarter, the Google parent is Berkshire's seventh largest equity holding. At least for the short term, the decision to buy so many shares has been a spectacular success. The stock has seen a 38% rally since the end of the first quarter, just over six weeks ago. Zoom In Icon Arrows pointing outwards Abel dramatically cuts the number of companies in the portfolio As previewed by The Wall Street Journal last month, it appears Abel did sell many or all of the stocks that had been handled by portfolio manager Todd Combs, who moved to JPMorgan in early December . Abel, or Ted Weschler, the portfolio manager still with Berkshire, probably sold some non-Todd stocks as well, but the company generally does not publicly identify who is responsible for individual names, so we don't know for sure. The holdings eliminated in the first quarter include the following: Visa Mastercard UnitedHealth Domino's Pizza A...
Once you start collecting Social Security, you might get very used to having that guaranteed paycheck. But it may not be enough to cover all of your expenses. If you don't have retirement savings and find yourself struggling on Social Security alone, you may decide to go back to work. And the good news is that you're allowed to work and collect Social Security at the same time. Image source: Getty...
Once you start collecting Social Security, you might get very used to having that guaranteed paycheck. But it may not be enough to cover all of your expenses. If you don't have retirement savings and find yourself struggling on Social Security alone, you may decide to go back to work. And the good news is that you're allowed to work and collect Social Security at the same time. Image source: Getty Images. Continue reading
Earlier this month, Broadcom announced VMware Cloud Foundation 9.1, an AI- and Kubernetes-native private cloud platform aimed at running secure, cost-efficient production AI workloads across mixed CPU and GPU hardware. The launch responds directly to enterprises’ rising concerns over AI infrastructure cost, security, and data sovereignty, positioning VCF 9.1 as a unified alternative to fragmented ...
Earlier this month, Broadcom announced VMware Cloud Foundation 9.1, an AI- and Kubernetes-native private cloud platform aimed at running secure, cost-efficient production AI workloads across mixed CPU and GPU hardware. The launch responds directly to enterprises’ rising concerns over AI infrastructure cost, security, and data sovereignty, positioning VCF 9.1 as a unified alternative to fragmented public cloud stacks for scaling inference and agentic AI. With this in mind, we’ll now examine...
As earnings season continues, investors have opportunities to profit off the big bounces — or avoid the pullbacks — in stocks in the wake of these quarterly reports. It's been a volatile week. The S & P 500 rallied to a record intraday high of 7,501.24 on Thursday as the first-quarter earnings season continued to prove strong. However, the broad-market index gave up some of those gains in Friday's...
As earnings season continues, investors have opportunities to profit off the big bounces — or avoid the pullbacks — in stocks in the wake of these quarterly reports. It's been a volatile week. The S & P 500 rallied to a record intraday high of 7,501.24 on Thursday as the first-quarter earnings season continued to prove strong. However, the broad-market index gave up some of those gains in Friday's session, with tech stocks falling sharply, as investors were left underwhelmed by the outcome of the U.S.-China summit. Despite these moves, Cisco shares tallied a 22% one-week gain in the wake of blowout earnings , putting the stock into overbought territory. A stock qualifies as overbought when its relative strength index is greater than 70. The names in this category could be due for a pull back in the near term. Conversely, some names ended the week in oversold territory. Oversold stocks have RSIs below 30, potentially priming them for a near-term rebound. Here are some of the most overbought and oversold S & P 500 names from the past week. Overbought Cisco's stock has a RSI of 90, putting it at the top of this week's list. The software and artificial intelligence infrastructure firm posted better-than-expected fiscal third-quarter results on Wednesday and offered a bullish outlook for its fourth quarter. Investors were excited to see robust orders for its AI offerings, and the company received stock rating upgrades from HSBC and other shops on the Street. Other names on the overbought list include Humana , Palo Alto Networks and CVS Health . Oversold Zoetis topped the oversold list with an RSI of 14.4. The animal health firm's shares have shed 10% over the past week. The stock is trading at its lowest level since 2019 after reporting on May 7 weaker-than-expected earnings for the first quarter . Zoetis also lowered its earnings per share and revenue guidance for the current fiscal year, underwhelming investors. The company said pet owners are feeling price pressure an...
Analysts recently lifted their fair value price target for Globalstar from US$69.33 to US$90.00, a change of roughly 30% that sharply reshapes the conversation around the stock. The shift reflects fresh sector research on satellite spectrum and direct to device connectivity, where themes like spectrum rights, capital intensity, and competition from larger technology platforms are being applied dir...
Analysts recently lifted their fair value price target for Globalstar from US$69.33 to US$90.00, a change of roughly 30% that sharply reshapes the conversation around the stock. The shift reflects fresh sector research on satellite spectrum and direct to device connectivity, where themes like spectrum rights, capital intensity, and competition from larger technology platforms are being applied directly to how Globalstar is assessed. As you read on, you will see how these evolving views may...
AMD reached 27.4% unit share of the server processor market in Q1 2026. The gain came at the expense of Intel and reflects a shift in server CPU leadership. Growth in hyperscaler spending and agentic AI workloads is supporting this share move. For investors watching NasdaqGS:AMD, the latest server CPU share data highlights a meaningful development in a high-margin part of the business. The stock i...
AMD reached 27.4% unit share of the server processor market in Q1 2026. The gain came at the expense of Intel and reflects a shift in server CPU leadership. Growth in hyperscaler spending and agentic AI workloads is supporting this share move. For investors watching NasdaqGS:AMD, the latest server CPU share data highlights a meaningful development in a high-margin part of the business. The stock is trading at around $424.1, with returns of 64.3% over the past 30 days, 89.8% year to date,...
peepo/E+ via Getty Images The covered call ETF space has experienced a significant boom over the past couple of years. While the JPMorgan Nasdaq Equity Premium Income ETF ( JEPQ ) and the JPMorgan Equity Premium Income ETF ( JEPI ) — the first products that really kickstarted the growth of covered call ETFs — remain the largest players in this space, there have been many significant launches since...
peepo/E+ via Getty Images The covered call ETF space has experienced a significant boom over the past couple of years. While the JPMorgan Nasdaq Equity Premium Income ETF ( JEPQ ) and the JPMorgan Equity Premium Income ETF ( JEPI ) — the first products that really kickstarted the growth of covered call ETFs — remain the largest players in this space, there have been many significant launches since then. These new vehicles such as the Goldman Sachs S&P 500 Premium Income ETF ( GPIX ), the NEOS S&P 500 High Income ETF ( SPYI ) and the NEOS MLP & Energy Infrastructure High Income ETF ( MLPI ) have come with some enhanced features. Tax efficiency, dynamic option writing, and non-large-cap-related underlying indices (notion exposures) are just some features that have made the covered call ETF universe more competitive. Here is just an example of how some of the newer S&P 500 ( SPY ) products have recently outperformed the largest (and one of the oldest) SPY-linked out-of-the-money covered call ETFs — JEPI: YCharts In this respect, I think that many investors have established a consensus around the NEOS Nasdaq-100 High Income ETF ( QQQI ) as, arguably, the king of the Nasdaq-100 OTM covered call ETF segment. This is also reflected in QQQI's AUM, which is ~$11.8 billion. There is no other QQQ-based covered call ETF that comes close to this figure other than JEPQ, which remains in the #1 spot with ~$38 billion in AUM. Of course, QQQI's alpha over JEPQ and a very tight correlation to the booming QQQ index have contributed to this dynamic: YCharts However, even though I'm bullish on QQQI, I think that the TappAlpha Innovation 100 Growth & Daily Income ETF ( TDAQ ) might be the new king in town. By saying this, I mean that TDAQ presents a robust package that, among other things, might solve some of the issues that most QQQ-linked OTM covered call ETFs have while still ensuring: Attractive monthly yield. Reduced opportunity cost (of not participating in QQQ's upside). Tight cor...
Torsten Asmus/iStock via Getty Images Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund [CEF] market activity from both the bottom-up - highlighting individual fund news and events - as well as the top-down - providing an overview of the broader market. We also try to provide some historical context as well as the relevant themes that look to be drivi...
Torsten Asmus/iStock via Getty Images Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund [CEF] market activity from both the bottom-up - highlighting individual fund news and events - as well as the top-down - providing an overview of the broader market. We also try to provide some historical context as well as the relevant themes that look to be driving markets or that investors ought to be mindful of. This update covers the period through the second week of May. Be sure to check out our other weekly updates covering the business development company [BDC] as well as the preferreds/baby bond markets for perspectives across the broader income space. Market Action CEF price action was mixed this week as diversified Equity sectors did well while MLP and Utility funds lagged. Discounts were notably weak despite strength across NAVs. Systematic Income Equity and Fixed-Income CEF sector aggregate average discounts have converged. This was driven by underperformance of Fixed-Income CEF sectors. Systematic Income Relatively cheap sectors include Hybrid, Loan, MLP and High Yield sectors. Systematic Income The Loans sector has continued to underperform the broader CEF market as Loan CEF discounts have widened considerably after trading at very expensive levels. This was due to two factors - Loan CEF distribution cuts as a result of Fed rate cuts as well as worries about AI disruption risk of software loan borrowers. Systematic Income Market Themes Proxy adviser ISS said it supports Saba’s case for Boardroom change at the Gabelli CEF GDV . The adviser was punchy in its comments, saying GDV has a disappointing track record, that the board has taken measures to disenfranchise shareholders and that its corporate governance is replete with deficiencies. And that’s not even all of it. In hitting its performance, the adviser chose to focus on the discount and low distribution rates, which, at best, are dubious measures of performance. Ot...
A truck drives past an ADNOC Gas a subsidiary of the Abu Dhabi National Oil Company facility in Abu Dhabi on March 3, 2026. Ryan Lim | AFP | Getty Images The United Arab Emirates' decision to leave OPEC and OPEC+ was based on the country's economic vision and not on politics, the country's energy minister said on Saturday. "This decision came following a comprehensive assessment of the national pr...
A truck drives past an ADNOC Gas a subsidiary of the Abu Dhabi National Oil Company facility in Abu Dhabi on March 3, 2026. Ryan Lim | AFP | Getty Images The United Arab Emirates' decision to leave OPEC and OPEC+ was based on the country's economic vision and not on politics, the country's energy minister said on Saturday. "This decision came following a comprehensive assessment of the national production policy and its future capabilities, and it is based solely on the national interest of the United Arab Emirates, its responsibility as a reliable energy supplier, and its unwavering commitment to maintaining market stability," Suhail Mohamed Al Mazrouei said in a post on X. The Emirates announced earlier this month it would depart the producer group OPEC, of which it was a member since 1967, before the UAE was even founded. "This decision is not based on any political considerations, nor does it reflect the existence of any divisions between the United Arab Emirates and its partners," Mazrouei said. United Arab Emirates' Minister of Energy Suhail Mohamed Al Mazrouei arrives for the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna, Austria, on October 5, 2022. Vladimir Simicek | Afp | Getty Images The exit "represents a sovereign and strategic choice stemming from its long-term economic vision, the evolution of its capabilities in the energy sector, and its steadfast commitment to global energy security," the oil minister said. Before the war, the UAE was producing just over 3 million barrels a day — broadly in line with OPEC+ targets. Abu Dhabi has targeted a capacity to produce 4.9 million BPD. Now, due to the war, the UAE is producing between 1.8 and 2.1 million barrels per day. The UAE was the most influential member of OPEC behind Saudi Arabia. It was one of the few members, along with Saudi Arabia, that had meaningful spare production capacity to influence prices and respond to supply shocks, Jorge León, ...
According to an SEC filing dated May 15, 2026, Delta Global Management LP sold its entire holding of 203,145 shares in Abercrombie & Fitch Co. (NYSE:ANF) during the first quarter. The estimated transaction value, calculated using the average unadjusted closing price for the quarter, was $19.75 million. The quarter-end value of the position declined by $25.57 million, reflecting both the share sale...
According to an SEC filing dated May 15, 2026, Delta Global Management LP sold its entire holding of 203,145 shares in Abercrombie & Fitch Co. (NYSE:ANF) during the first quarter. The estimated transaction value, calculated using the average unadjusted closing price for the quarter, was $19.75 million. The quarter-end value of the position declined by $25.57 million, reflecting both the share sale and stock price changes. Abercrombie & Fitch Co. is a global specialty retailer with a diversified brand portfolio and an integrated omnichannel presence. The company’s strategy emphasizes brand differentiation and direct engagement with its core demographic through both physical and digital retail channels. Continue reading