The only constant in financial markets is change. Today, May 15, marks the final day of Jerome Powell's second term as Fed chair (though he'll remain on the Board of Governors of the Federal Reserve until his term ends in 2028) and the effective dawn of Kevin Warsh's first term at the central bank's top position. It's also a period of heightened uncertainty for Wall Street's major stock indexes: t...
The only constant in financial markets is change. Today, May 15, marks the final day of Jerome Powell's second term as Fed chair (though he'll remain on the Board of Governors of the Federal Reserve until his term ends in 2028) and the effective dawn of Kevin Warsh's first term at the central bank's top position. It's also a period of heightened uncertainty for Wall Street's major stock indexes: the Dow Jones Industrial Average (DJINDICES: ^DJI) , S&P 500 (SNPINDEX: ^GSPC) , and Nasdaq Composite (NASDAQINDEX: ^IXIC) . Though the S&P 500 and Nasdaq have been hitting new highs with regularity, thanks in part to the evolution of artificial intelligence, a changing of the guard at America's foremost financial institution, amid a period of historic division at the central bank, introduces an element of uncertainty that can drag on equities . Jerome Powell's term as Fed chair ends today, May 15. Image source: Official Federal Reserve Photo. Continue reading
(RTTNews) - Dentsu Group Inc. (DNTUF, 4324.T), a Japanese advertising and public relations holding company, on Friday reported higher net income in the first quarter of 2026 compared to the previous year.
(RTTNews) - Dentsu Group Inc. (DNTUF, 4324.T), a Japanese advertising and public relations holding company, on Friday reported higher net income in the first quarter of 2026 compared to the previous year.
Andrew Harnik/Getty Images News President Donald Trump made several stock and bond purchases in U.S. companies in the first quarter, amounting to at least $220M, according to a filing with the Office of Government Ethics. Trump bought as much as $5M each in companies including Nvidia ( NVDA ), Boeing ( BA ), Oracle ( ORCL ), Microsoft ( MSFT ) and Costco ( COST ) in Q1. It's unclear how many of th...
Andrew Harnik/Getty Images News President Donald Trump made several stock and bond purchases in U.S. companies in the first quarter, amounting to at least $220M, according to a filing with the Office of Government Ethics. Trump bought as much as $5M each in companies including Nvidia ( NVDA ), Boeing ( BA ), Oracle ( ORCL ), Microsoft ( MSFT ) and Costco ( COST ) in Q1. It's unclear how many of these trades involve equities. Six of the trades disclosed involved Intel ( INTC ), the chipmaker in which the U.S. government holds a 10% stake. In March, Trump bought a small stake in Warner Bros. Discovery ( WBD ) worth at least $30,000 and a stake in Paramount Skydance ( PSKY ) worth at least $15,000. He also had 19 transactions naming Netflix ( NFLX ), including sales worth as little as $1,000 and as much as $5M during Q1. The biggest transactions were on Feb. 10, when Trump unloaded holdings in Microsoft ( MSFT ), Meta ( META ) and Amazon ( AMZN ) in amounts between $5M and $25M. He also sold a stake in a Vanguard ETF ( VIG ) in January worth at least $5M. The filing also showed smaller transactions involving crypto companies Coinbase ( COIN ) and Strategy ( MSTR ). Neither Trump nor his family members were making investment decisions for him, the White House told Bloomberg News , adding that independent financial managers carried out the transactions using programs that replicate recognized indexes when making investments. More on U.S. government Trump Brought An Army Of CEOs To Beijing For A Reason Calif. Gov. proposes new tax targeting cloud-based software sales Republican-led Senate Banking Committee advances crypto bill Trump touts China's order for 200 Boeing jetliners; shares fall
Technoprobe SpA rose by a record amount after the Italian company raised its guidance and said demand is surging for its semiconductor testing equipment. First-quarter results set a record, and higher demand will continue into the second half of the year, the company said in a statement on Friday. That will allow Technoprobe to reach its 2027 growth targets for sales and earnings before interest, ...
Technoprobe SpA rose by a record amount after the Italian company raised its guidance and said demand is surging for its semiconductor testing equipment. First-quarter results set a record, and higher demand will continue into the second half of the year, the company said in a statement on Friday. That will allow Technoprobe to reach its 2027 growth targets for sales and earnings before interest, taxes, depreciation and amortization a year ahead of schedule, it said. The company is benefiting from a surge in demand for chips and data centers that enable artificial intelligence systems, increasing interest in the Italian company’s probe cards, equipment used in semiconductor production. Revenue will grow to €950 million ($1.1 billion) to €1.05 billion this year with an Ebitda margin of 44% to 46%, Technoprobe said. Previously the company had said it would hit sales of as much as €900 million in 2027 on a margin of as much as 40%. The shares rose as much as 36%, the most on record. The stock was trading at €26.58 at 9:44 a.m. in Milan and has more than doubled this year.
American voters have spoken, and they're not happy about the higher prices they're paying for... well, pretty much everything. A recent poll commissioned by CNN indicates 55% of voters' top concern right now is the skyrocketing cost of living. That's more than twice the share of any other issue on their minds at this time. Regardless of the underlying politics, the lingering problem of inflation i...
American voters have spoken, and they're not happy about the higher prices they're paying for... well, pretty much everything. A recent poll commissioned by CNN indicates 55% of voters' top concern right now is the skyrocketing cost of living. That's more than twice the share of any other issue on their minds at this time. Regardless of the underlying politics, the lingering problem of inflation is clearly too big for investors to ignore. To this end, here's a closer look at three names that can not only stand up to this headwind but may even benefit from it. This isn't anything brick-and-mortar retailer Walmart (NASDAQ: WMT) hasn't survived, or even thrived on, before. The last time inflation raced out of control, after the COVID-19 pandemic lull in 2022, the company frequently touted that most of its market share gains were coming from households earning $100,000-plus per year who weren't regular shoppers at its stores before. It's still happening, in fact, as CEO John Furner noted during the Q4 earnings conference call in February. Continue reading
It's been a tough past 12 months for Progressive 's (NYSE: PGR) investors. Shares of the insurer are at a two-year low, in fact, down 30% from last May's peak. After a fantastic 2024, the market's been certain the company wouldn't be able to repeat the feat. And to be fair, a few of the company's recent quarterly reports were disappointing in one way or another. Against this backdrop of doubt, how...
It's been a tough past 12 months for Progressive 's (NYSE: PGR) investors. Shares of the insurer are at a two-year low, in fact, down 30% from last May's peak. After a fantastic 2024, the market's been certain the company wouldn't be able to repeat the feat. And to be fair, a few of the company's recent quarterly reports were disappointing in one way or another. Against this backdrop of doubt, however, the insurer has done phenomenally well when it seemingly wasn't supposed to. Last year's total premiums improved 12% year over year, while underwriting margins widened from 2024's 11.2% to a multiyear record of 12.6%. Total policies in force also improved from a little less than 35 million to over 38.6 million during this stretch, growing Progressive's share of the automobile insurance market from 15.6% to 17.2% as of last year. And all of these trends have been extended through the first quarter of this year. In other words, the company's climbing the wall of worry, even if its stock isn't. Continue reading
monsitj/iStock via Getty Images POET Technologies ( POET ) said it continued to expand its presence in the AI and hyperscale data center market during the first quarter of 2026, supported by growing demand for its Optical Interposer platform and partnerships with companies including LITEON, Lessengers, and Lumilens. First-quarter revenue rose 194% year over year to US$ 503,389 , beating estimates ...
monsitj/iStock via Getty Images POET Technologies ( POET ) said it continued to expand its presence in the AI and hyperscale data center market during the first quarter of 2026, supported by growing demand for its Optical Interposer platform and partnerships with companies including LITEON, Lessengers, and Lumilens. First-quarter revenue rose 194% year over year to US$ 503,389 , beating estimates by $0.25M. Historically, the company provided non-recurring engineering services to multiple customers for unique projects that are being addressed utilizing the capabilities of the POET Optical Interposer. However, the firm incurred a GAAP loss of -$0.08 per share, missing Wall Street estimates by $0.03, while net loss totaled -$12.3M compared with net income of $6.3M in the prior-year quarter. The company’s fourth-quarter FY2025 net loss was -$42.7M. Research and development expenses were $4.5M during the quarter, relatively flat compared with both the year-ago period and the prior quarter, as the company continued investing in next-generation photonic integration technologies. Operating cash flow improved slightly to negative $8.8M in Q1, compared with negative $8.9M in the year-ago quarter and negative $11.6M in the fourth quarter of 2025. CEO Suresh Venkatesan said the company made “significant progress” in strengthening POET’s strategic position within the AI and hyperscale data center ecosystem, adding that recent partnerships validate growing industry demand for the company’s photonic integration solutions. POET shares gained over +4% in premarket trading on Friday, after rising +43% in the previous session as the firm unveiled a deal with Lumilens for optical networking that could be worth $500M over the life of the agreement. The stock is now up roughly +225% year to date. More on POET Technologies POET Technologies: The Human Element Slammed The Stock, But I'm Still At 'Buy' POET Technologies: A Valuation Built On Fragile Foundations POET Technologies: Why I'm St...
(RTTNews) - Japan Post Insurance Co., Ltd. (JPPIF, 7181.T) Friday reported higher profit for the fiscal year ended March 31, 2026, while ordinary income, equivalent to net sales, declined from last year. Further, for fiscal 2027, the company projects lower earnings and ordinary i
(RTTNews) - Japan Post Insurance Co., Ltd. (JPPIF, 7181.T) Friday reported higher profit for the fiscal year ended March 31, 2026, while ordinary income, equivalent to net sales, declined from last year. Further, for fiscal 2027, the company projects lower earnings and ordinary i