India's Trade Deficit Surges As Energy Import Prices Soar India's trade deficit soared in April by more than analysts expected, as the surge in oil and gas prices hiked the Indian energy import bill. The trade deficit jumped by $8bn from $20.6bn in March to $28.38bn last month, higher than the $26 billion estimate, on a broad-based increase in imports. At the same time, total exports grew by 13.8%...
India's Trade Deficit Surges As Energy Import Prices Soar India's trade deficit soared in April by more than analysts expected, as the surge in oil and gas prices hiked the Indian energy import bill. The trade deficit jumped by $8bn from $20.6bn in March to $28.38bn last month, higher than the $26 billion estimate, on a broad-based increase in imports. At the same time, total exports grew by 13.8% in April from a year earlier to hit $43.56 billion. Oil imports sequentially rose by around 60% MoM likely driven by higher volumes in April (vs. March lows) and higher oil prices. The value of imports soared as international oil and gas prices jumped amid the Middle East conflict that forced India and every other major crude oil importer to source more expensive supply from producers not dependent on the Strait of Hormuz, which remains closed to most tanker traffic two and a half months after the Iran war began. Meanwhile, petroleum product exports rose by around 48% mom s.a. likely driven by higher exports to Singapore. Gold imports rose sequentially likely driven by higher volume imports of semi-processed gold for refining and higher prices. However, gold imports (in volume terms) may likely decline in May following the government's import duty hike to 15% from 6%. Overall non-oil exports remained strong, led by stronger electronics exports. Exports to Saudi Arabia and the UAE recovered in April from its March lows, but remained well below the last year's levels, while exports to the US increased both sequentially and in year-over-year (yoy) terms. Services trade surplus remained strong at around $21bn, supported by robust services exports. The widening trade deficit and the soaring energy import bill are pressuring the government's current account and finances, as the oil supply crisis is already seeping through India's economy. In the past week, India imposed draconian tariffs on gold imports to defend the currency which has plunged to a record low against the dollar....
Daniel Balakov/E+ via Getty Images Before this rally started, we wrote four articles that high levels of “short selling” and “put buying,” especially in the technology sector, were forecasting another strong tech rally. (Short selling and put buying point to a big tech rally - Jan 29th) . (Short selling and put buying still point to a big tech rally - March 5th) . (Short selling points to higher p...
Daniel Balakov/E+ via Getty Images Before this rally started, we wrote four articles that high levels of “short selling” and “put buying,” especially in the technology sector, were forecasting another strong tech rally. (Short selling and put buying point to a big tech rally - Jan 29th) . (Short selling and put buying still point to a big tech rally - March 5th) . (Short selling points to higher prices- April 8th) . (Does high short selling and put buying still point to a big tech rally - April 15th) . This repetition was intentional. It was to underscore the importance of measuring investor activity and expectations when forecasting stock prices. Essentially, to highlight the importance of the theory of contrary opinion. Now these same “short selling” and “put buying” indicators point to a continuation of the rally. The Theory Of Contrary Opinion This is taken from the March 5 th article: The Theory of Contrary Opinion says markets will move opposite what investors expect once “too many” investors have that expectation. If everyone’s bullish, who’s left to buy to push prices higher? Likewise, if everyone’s bearish, who’s left to sell to drive prices lower? To apply the theory requires indicators that measure what investors expect. Two of the best are based on measurements of “short selling” and “put” buying. These indirectly tell you how many investors expect prices to decline. “Too much” bearishness is bullish for stocks. Two Ways To Apply The Theory There are two ways to apply the theory. The first is to wait for periods when indicators show that we have too many investors expecting something. The recent peak in short selling was one. By the way, this works better with “buy” signals than it does with “sell” signals (or, if you want the current vernacular, “risk on” moments versus “risk off”). The second way to apply it, which is not as strong, is this. It's the principle that once you have an extreme in investor sentiment, that trend will not reverse until you re...
OFS Credit Company ( OCCI ) announced on Friday its preliminary FY26 Q1 results, covering key balance sheet and income metrics. Net asset value per share is estimated in the range of $3.67–$3.77, based on preliminary portfolio valuations. Net investment income per share is estimated between $0.13–$0.17, reflecting core earnings for the quarter. As of April 30, 2026, the company reported $89.9M in ...
OFS Credit Company ( OCCI ) announced on Friday its preliminary FY26 Q1 results, covering key balance sheet and income metrics. Net asset value per share is estimated in the range of $3.67–$3.77, based on preliminary portfolio valuations. Net investment income per share is estimated between $0.13–$0.17, reflecting core earnings for the quarter. As of April 30, 2026, the company reported $89.9M in term preferred stock outstanding while noting results remain subject to macro risks like rates, inflation, geopolitics, and market volatility. The stock closed ~4% lower at $3.45. Source: Press Release More on OFS Credit OFS Credit: Stick To The Preferred Shares OFS Credit reports Q1 results Seeking Alpha’s Quant Rating on OFS Credit Historical earnings data for OFS Credit Dividend scorecard for OFS Credit
Starboard Value added new positions in CarMax ( KMX ) and Lamb Weston ( LW ) and exited Autodesk ( ADSK ) and Salesforce ( CRM ) during Q1, according to a 13F filing on Friday. The prominent activist hedge fund, led by Jeff Smith, added a new 6.1M position valued at $258M in Lamb Weston and a new 6.2M stake in CarMax ( KMX ) valued at $258M. Starboard added its Riote Platforms ( RIOT ) with 2.8 M ...
Starboard Value added new positions in CarMax ( KMX ) and Lamb Weston ( LW ) and exited Autodesk ( ADSK ) and Salesforce ( CRM ) during Q1, according to a 13F filing on Friday. The prominent activist hedge fund, led by Jeff Smith, added a new 6.1M position valued at $258M in Lamb Weston and a new 6.2M stake in CarMax ( KMX ) valued at $258M. Starboard added its Riote Platforms ( RIOT ) with 2.8 M shares and TripAdvisor ( TRIP ) with 1.13M shares. The hedge fund reduced its stake in Gen Digital ( GEN ) by 2.8M shares, Clearwater Analytics ( CWAN ) by 4.5M, Healthcare Realty ( HR ) by 5.8M, Fluor ( FLR ) by 2.3M and Becton Dickinson ( BDX ) by 293,423. Last month CarMax ( KMX ) appointed two new directors to its board, one of whom was nominated by Starboard. More on Lamb Weston, Salesforce, etc. Autodesk's Value In An AI-Centered World Lamb Weston Holdings, Inc. (LW) Presents at 21st Annual Global Farm to Market Conference Transcript Salesforce: A+ Rated Bonds With 6.6% Yield Beat Oracle's 7.4% Calif. Gov. proposes new tax targeting cloud-based software sales Salesforce in focus as tech giant awarded $72M Air Force contract
nDatalyze (CSE: NDAT) on Friday said it entered into a definitive agreement with Prism Diversified Ltd. for a proposed reverse takeover transaction and change of business, subject to shareholder and Canadian Securities Exchange approval. The agreement provides for a $1.6 million subscription receipt financing at $0.10 per receipt before September 15, 2026, with each receipt convertible into one nD...
nDatalyze (CSE: NDAT) on Friday said it entered into a definitive agreement with Prism Diversified Ltd. for a proposed reverse takeover transaction and change of business, subject to shareholder and Canadian Securities Exchange approval. The agreement provides for a $1.6 million subscription receipt financing at $0.10 per receipt before September 15, 2026, with each receipt convertible into one nDatalyze common share at closing. Under the deal, nDatalyze said its existing assets, excluding $30,000 in tangible assets, would be spun out to shareholders prior to completion of the transaction. The company said shareholders of record as of May 15, 2026, are expected to collectively own about 9.6% of the resulting issuer after the financing. nDatalyze added that its shares are expected to remain halted pending the fundamental change transaction. Source: Press Release More on nDatalyze Corp. Financial information for nDatalyze Corp.
It's been a three-year wait, but Prime Video finally released the series finale for Good Omens : a 90-minute single episode that sought to wrap everything up in a neat little bow. Verdict: Truncating the final season so drastically definitely hurts the first half of the series finale, which feels chaotic and rushed. But once that stupendous on-screen chemistry between co-stars David Tennant and Mi...
It's been a three-year wait, but Prime Video finally released the series finale for Good Omens : a 90-minute single episode that sought to wrap everything up in a neat little bow. Verdict: Truncating the final season so drastically definitely hurts the first half of the series finale, which feels chaotic and rushed. But once that stupendous on-screen chemistry between co-stars David Tennant and Michael Sheen kicks back in, the old magic shines through, strong as ever, giving us a fitting end to this beloved comic saga. (Spoilers below for all seasons.) Here's a brief recap , since it's been a minute since the S2 finale. The series is based on the original 1990 novel by Neil Gaiman and the late Terry Pratchett . Good Omens is the story of an angel, Aziraphale (Sheen), and a demon, Crowley (Tennant), who gradually become friends over the millennia and team up to avert Armageddon. Season 2 found Aziraphale and Crowley getting back to normal, when the archangel Gabriel (Jon Hamm) turned up unexpectedly at the door of Aziraphale’s bookshop with no memory of who he was or how he got there. The duo had to evade the combined forces of Heaven and Hell to solve the mystery of what happened to Gabriel and why. Read full article Comments
Kai Boysan, CEO of Flix bus company in North America, said that high fuel costs have historically pushed people from personal cars and air travel to bus trips as consumers look for affordable ways to travel. Boysan said that his company is focused on reliability and bus amenities like comfortable seats and wifi to drive customer satisfaction. (Source: Bloomberg)
Kai Boysan, CEO of Flix bus company in North America, said that high fuel costs have historically pushed people from personal cars and air travel to bus trips as consumers look for affordable ways to travel. Boysan said that his company is focused on reliability and bus amenities like comfortable seats and wifi to drive customer satisfaction. (Source: Bloomberg)
Corvex Management picked up a new stake in CoStar Group ( CSGP ), Lionsgate Studios ( LION ), and iShares Russell 2000 ETF ( IWM ), while exiting its positions in Oracle ( ORCL ) and Algonquin Power & Utilities ( AQN ), among other moves during the three months ended on March 31, 2026. The fund disclosed the information in its latest 13F filing , which was published on Friday. The Keith Meister-le...
Corvex Management picked up a new stake in CoStar Group ( CSGP ), Lionsgate Studios ( LION ), and iShares Russell 2000 ETF ( IWM ), while exiting its positions in Oracle ( ORCL ) and Algonquin Power & Utilities ( AQN ), among other moves during the three months ended on March 31, 2026. The fund disclosed the information in its latest 13F filing , which was published on Friday. The Keith Meister-led fund initiated a position in CoStar Group ( CSGP ), buying 0.85M shares. It also snapped up 1.62M shares in Lionsgate Studios ( LION ). Additionally, the fund purchased 5,000 shares of iShares Russell 2000 ETF ( IWM ). On the other hand, the fund exited its stake in Oracle ( ORCL ), selling 0.403M shares. It also got rid of Algonquin Power & Utilities ( AQN ). During the quarter, Corvex Management strengthened its position in Disney ( DIS ), increasing its shares to 2.16M from 1.94M in the previous quarter. The fund also upped its position in Fortrea (FRTA) and GeneDx ( WGS ) during the quarter. Looking at stake decreases, the fund cut its position in Microsoft ( MSFT ) by nearly 24% quarter-over-quarter to 0.131M shares and in Amazon ( AMZN ) by just above 10% quarter-over-quarter to 0.88M shares. It also diluted its position in Restaurant Brands International ( QSR ), Southwest Gas (SWG), and Union Pacific ( UNP ) during the quarter. More on CoStar Group, Oracle, etc. Microsoft Has Turned The Corner, Why It Leads A Software Turnaround Microsoft Corporation: Make Or Break Moment (Rating Upgrade) Netflix, Disney, FuboTV, WBD And The Streaming Media Landscape Appaloosa trims stake in Microsoft, piles up on Micron, and exits American Airlines in Q1 moves Tiger Global takes new position in Intel; adds to Broadcom, Nvidia among Q1 moves
(RTTNews) - OpenAI is said to be thinking about taking legal action against Apple Inc. (AAPL), claiming that the iPhone rollout of ChatGPT hasn't met expectations, as reported by Bloomberg.
(RTTNews) - OpenAI is said to be thinking about taking legal action against Apple Inc. (AAPL), claiming that the iPhone rollout of ChatGPT hasn't met expectations, as reported by Bloomberg.
Microsoft's latest Windows 11 test will allow you to reposition the taskbar and change the size of the Start menu. The update, which is rolling out to Windows 11 Insiders in the Experimental channel, lets you place the taskbar on the bottom, top, left, or right side of the screen. Microsoft first teased its movable taskbar in March as part of efforts to rebuild trust among users . You can adjust t...
Microsoft's latest Windows 11 test will allow you to reposition the taskbar and change the size of the Start menu. The update, which is rolling out to Windows 11 Insiders in the Experimental channel, lets you place the taskbar on the bottom, top, left, or right side of the screen. Microsoft first teased its movable taskbar in March as part of efforts to rebuild trust among users . You can adjust the alignment of the icons inside the taskbar, as well as open the Start menu drawer from wherever you placed it. Windows 11 Insiders can access a shorter taskbar, too, which could come in handy for devices with smaller displays. There's also an opti … Read the full story at The Verge.
Nearmap/DigitalVision via Getty Images While Brookfield Renewable ( BEP ) ( BEPC ) is a strong long-term buy on the long-term global shift towards clean energy, there has been a strong divergence in performance between BEP and BEPC over the last 6 months. BEPC is down 11% with BEP up 19%, a confounding outcome considering both securities offer the same level of exposure to BEP's large clean energy...
Nearmap/DigitalVision via Getty Images While Brookfield Renewable ( BEP ) ( BEPC ) is a strong long-term buy on the long-term global shift towards clean energy, there has been a strong divergence in performance between BEP and BEPC over the last 6 months. BEPC is down 11% with BEP up 19%, a confounding outcome considering both securities offer the same level of exposure to BEP's large clean energy operating portfolio. This portfolio had 44,878 megawatts of total renewable power as of the end of its fiscal 2026 first quarter. Critically, this renewables portfolio is intensely diversified across clean energy systems, which reduces earnings volatility. BEP's allocation to hydroelectricity came in at 8,496 megawatts, around 18.93% of total renewable power as of the end of the first quarter. Wind energy was its largest individual clean energy platform, with 16,853 megawatts, 37.55% of the total. Total operating capacity ended the first quarter at 47,300 megawatts. I last covered the ticker with a "Hold" rating, and it's up 9% on a total return basis since. Management has also announced pending changes to BEP's capital stack, with inflation also rising. Brookfield Renewable Fiscal 2026 First Quarter Supplemental This broad global exposure to hydroelectricity, wind, utility-scale solar, and distributed solar and storage facilities has placed BEP in a strong position to consistently grow funds from operations ("FFO") and support back-to-back annual dividend hikes. BEP last declared a quarterly cash dividend of $0.392 per unit , kept unchanged from its prior distribution, and $1.568 per unit annualized for a 4.55% dividend yield. This yield provides a 10-basis-point spread over the U.S. 10-year Treasury yield ( US10Y ) at 4.45%. BEPC typically provided a markedly lower dividend yield as it traded at a significant premium to BEP, as it's a C corporation. This means its shareholder base does not need to handle a Schedule K-1 tax form. Seeking Alpha BEPC is currently swapping h...