Oil rises and equities waver as the US and Iran reject each other’s latest peace proposals. US Treasury Secretary Scott Bessent heads to Japan ahead of the Trump-Xi summit later this week. UK Prime Minister Keir Starmer says he won’t abandon the responsibility of leading the country after a sweeping defeat of his party in the local elections. Jane Foley of Rabobank dissects the market reaction to ...
Oil rises and equities waver as the US and Iran reject each other’s latest peace proposals. US Treasury Secretary Scott Bessent heads to Japan ahead of the Trump-Xi summit later this week. UK Prime Minister Keir Starmer says he won’t abandon the responsibility of leading the country after a sweeping defeat of his party in the local elections. Jane Foley of Rabobank dissects the market reaction to Starmer's speech. Matt McLennan of First Eagle Investments discusses the AI boom. (Source: Bloomberg)
Backbench MP calls prime minister’s speech ‘too little, too late’ but stops short of moving to stand against him herself Who are the main threats to Keir Starmer’s Labour leadership? UK politics live – latest updates Catherine West, the Labour MP who announced a challenge to Keir Starmer’s leadership, has changed course and said she instead wants the prime minister to set a timetable of September ...
Backbench MP calls prime minister’s speech ‘too little, too late’ but stops short of moving to stand against him herself Who are the main threats to Keir Starmer’s Labour leadership? UK politics live – latest updates Catherine West, the Labour MP who announced a challenge to Keir Starmer’s leadership, has changed course and said she instead wants the prime minister to set a timetable of September for his departure. West, the MP for Hornsey and Friern Barnet and a former Foreign Office minister, announced on Saturday that she would seek the gather the 81 Labour MPs’ names needed to formally challenge Starmer, while arguing that this was just a device to tempt others to stand, and that she did not wish to take over. Continue reading...
(RTTNews) - France's benchmark index CAC 40 drifted lower on Monday as stocks from across several sectors fell on selling pressure as U.S.-Iran peace talks failed following U.S. President Donald Trump rejecting Iran's latest proposal to end the conflict. Higher crude oil prices w
(RTTNews) - France's benchmark index CAC 40 drifted lower on Monday as stocks from across several sectors fell on selling pressure as U.S.-Iran peace talks failed following U.S. President Donald Trump rejecting Iran's latest proposal to end the conflict. Higher crude oil prices w
Teka77/iStock Editorial via Getty Images German utility group E.ON ( EONGY ) said Monday it agreed to acquire Ovo Energy in a deal that would create Britain's largest energy supplier; the companies did not disclose the value of the deal, although previous reports indicated it could total as much as £600M. E.ON ( EONGY ), which already supplies ~5.6M customers in the U.K., said the Ovo deal would a...
Teka77/iStock Editorial via Getty Images German utility group E.ON ( EONGY ) said Monday it agreed to acquire Ovo Energy in a deal that would create Britain's largest energy supplier; the companies did not disclose the value of the deal, although previous reports indicated it could total as much as £600M. E.ON ( EONGY ), which already supplies ~5.6M customers in the U.K., said the Ovo deal would add another 4M customers to its base. "The United Kingdom is an important growth market for E.ON, particularly for flexibility and customer‑focused energy solutions," said Marc Spieker, E.ON's ( EONGY ) COO for commercial operations. The acquisition is subject to regulatory hurdles, including potential scrutiny from the U.K.'s Competition and Markets Authority, and is expected to complete in this year's H2. More on E.ON E.ON: Utility Outperformance, But Unlikely To See Significant Longer-Term Gains E.ON Q4 2025 Earnings Call Transcript Seeking Alpha’s Quant Rating on E.ON
Move by largest donor to environment programme poses further uncertainty for already troubled negotiations The largest donor to the United Nations Environment Programme (Unep) has paused funding to the body before its revised budget on 12 May, triggering concern among member states and NGOs. The news could carry significance for the already troubled plastic treaty negotiations being overseen by Un...
Move by largest donor to environment programme poses further uncertainty for already troubled negotiations The largest donor to the United Nations Environment Programme (Unep) has paused funding to the body before its revised budget on 12 May, triggering concern among member states and NGOs. The news could carry significance for the already troubled plastic treaty negotiations being overseen by Unep. Since 2022 countries have been struggling to agree on how to deal with the volume of plastics being produced and used, a subject widely acknowledged to be one of the most serious environmental issues of the age, but despite six rounds of talks there has been no agreement in sight. Continue reading...
People Are Seeing More Fireballs; Astronomers Can't Explain It... Authored by T.J.Muscaro via The Epoch Times, Just as it faces an annual hurricane season and tornado season, North America is also experiencing an annual “fireball season,” according to NASA. “From February through April, the appearance rate of these very bright meteors can increase by as much as 10 percent to 30 percent, especially...
People Are Seeing More Fireballs; Astronomers Can't Explain It... Authored by T.J.Muscaro via The Epoch Times, Just as it faces an annual hurricane season and tornado season, North America is also experiencing an annual “fireball season,” according to NASA. “From February through April, the appearance rate of these very bright meteors can increase by as much as 10 percent to 30 percent, especially around the weeks of the March equinox,” NASA explained in a statement in late March. ”Exactly why is not known. Some astronomers think the Earth passes through more large debris at this time of year, causing an uptick in fireball sightings.” But the relatively regular peak season appears to have been unusually active this year. Fireball videos recorded worldwide between January and April 2026. The American Meteor Society said 41 large fireball events were reported in the first three months of 2026—nearly double the average number of reported events for that time period from the previous five years. Courtesy of American Meteor Society The American Meteor Society, which has gathered professional and amateur meteor reports since 1911, said 41 large fireball events—observed by more than 50 people—were reported in the first three months of 2026. That’s nearly double the average number of reported events for that time period from the previous five years. Mike Hankey, operations manager at the American Meteor Society, told The Epoch Times that this is specifically an increase in “sporadic” meteors that are not connected to any larger comet or asteroid or regularly tracked meteor shower. And the sudden surge is not due to an increase in the number of eyes on the sky, he said. Astronomers who have dedicated themselves to watching the skies for the falling space rocks are not sure what caused the spike or if it is even a true anomaly—a one-off, unpredictable occurrence. Hankey stops short of saying his data—an analysis of fireball events going back to 2011—are conclusive. “I wouldn’...
Dell Technologies stock is likely to lose steam as demand for its servers tied to artificial intelligence appears to be fully baked in, according to UBS. The investment bank downgraded the hardware name to neutral from buy. It raised its price target on shares to $243 from $167, suggesting roughly 7% downside from Friday's close. "Accelerating AI server demand [is] largely priced in," analyst Davi...
Dell Technologies stock is likely to lose steam as demand for its servers tied to artificial intelligence appears to be fully baked in, according to UBS. The investment bank downgraded the hardware name to neutral from buy. It raised its price target on shares to $243 from $167, suggesting roughly 7% downside from Friday's close. "Accelerating AI server demand [is] largely priced in," analyst David Vogt said Sunday in a note to clients. "The risk/reward going forward is more balanced following strong execution over the past 12 months." Shares of Dell have surged 172% over the past 12 months, while the S & P 500 has gained 31% during the same period. In 2026 alone, the stock has ripped more than 106% higher, while the benchmark index is up 8.1%. The company's rally comes as large language models such as Anthropic's Claude and OpenAI's ChatGPT have embraced multimodal and multi-agent systems, fueling demand for AI processing power and capacity . That emerging technology revolution has boosted Dell's AI server business, with the vertical notching $13 billion in revenue in the first quarter of fiscal 2027. "Since the company guide, several individuals of an AI competitor were charged with exporting Nvdia GPU based servers illegally. Therefore, we believe that neoclouds, enterprises, and sovereigns could shift future orders towards Dell," Vogt said. "However, Dell's NTM P/E mult and share price has increased ~70% since the news while we est the near-term EPS upside is more modest. Furthermore, given Dell's AI exposure is more neocloud and enterprise, Dell customer capex should grow slower than hyperscaler capex given stronger balance sheets and cash flow generation at companies like Meta, Google, Amazon, and Microsoft," he added. UBS' call goes against consensus on the Street. Of the 28 analysts covering Dell, 20 have a buy or strong buy on shares, LSEG data shows.