The 2027 BMW iX3 is now available in the US, and its starting price my surprise and delight fans of the Bavarian automaker. The iX3, which is the first vehicle built on BMW's next-gen Neue Klasse platform, starts at $62,850 including shipping, which is about $5,000 less than the equivalent gas-powered BMW X3 M50 xDrive (starting price $67,850). US customers can start configuring their vehicle now ...
The 2027 BMW iX3 is now available in the US, and its starting price my surprise and delight fans of the Bavarian automaker. The iX3, which is the first vehicle built on BMW's next-gen Neue Klasse platform, starts at $62,850 including shipping, which is about $5,000 less than the equivalent gas-powered BMW X3 M50 xDrive (starting price $67,850). US customers can start configuring their vehicle now on BMW's website, with deliveries expected to start in September. The iX3 coming in at a starting price that's less than its equivalent gas car is a good sign for EV affordability in the US. EVs are still, on average, more expensive than ICE veh … Read the full story at The Verge.
In this article EBAY GME Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:47 01:47 GameStop's letter from TD Bank stipulates combination has to be investment grade, sources say Squawk on the Street GameStop 's mysterious financing letter underpinning its audacious $56 billion bid for eBay is emerging as a central issue in the proposed takeover, as questions mount over whether the ...
In this article EBAY GME Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:47 01:47 GameStop's letter from TD Bank stipulates combination has to be investment grade, sources say Squawk on the Street GameStop 's mysterious financing letter underpinning its audacious $56 billion bid for eBay is emerging as a central issue in the proposed takeover, as questions mount over whether the deal is actually financeable. The video game retailer said it has lined up a $20 billion financing commitment from TD Securities, part of TD Bank. But a key condition attached to this letter could ultimately make or break the deal: the combined company would need to maintain an investment-grade credit profile, CNBC's David Faber reported, citing people who have seen the document. Moody's Ratings said Wednesday the proposed acquisition would be "credit negative" for eBay because of the substantial increase in leverage implied by the deal structure. The ratings agency estimated leverage for the combined company could approach nine times debt to earnings before interest, taxes, depreciation and amortization before accounting for any cost-saving synergies. That level of indebtedness would likely push the combined company below investment grade, potentially undermining a key condition attached to the TD financing package. The proposed takeover has raised immediate questions about how GameStop could fund a deal of that size. The video game retailer's market value of roughly $11 billion is only a fraction of the transaction's implied value. CEO Ryan Cohen offered limited clarity on the structure other than saying his company has the ability to issue additional stock in order to get the deal done. EBay confirmed that it received the offer in a statement Monday, and said its board would review it. Semafor reported on the mysterious letter Wednesday. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We're going to take a break from the AI capex buildout theme today and take a look at another area of the market that's not so hot. A major energy merger has closed, and the combination of Devon Energy and Coterra Energy has created a gigantic player with one of the lowest co...
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We're going to take a break from the AI capex buildout theme today and take a look at another area of the market that's not so hot. A major energy merger has closed, and the combination of Devon Energy and Coterra Energy has created a gigantic player with one of the lowest costs of production in the patch. Today Devon Energy and Coterra Energy officially became one company. We're looking at the stock in a drawdown, not as it's making a new high. The stock fell Wednesday from a confluence of having reported a so-so earnings quarter along with the typical merger arbitrage related pressure that comes along with closing of a deal. That pressure should abate and the stock may find support here. We're writing about it at what may end up being a very attractive entry for people who do not currently have energy exposure. Now that the companies have combined, it's important for new investors to understand why they did the deal in the first place. Both operators already owned premier acreage in the Delaware Basin. That's the western sub-basin of the Permian in West Texas and southeastern New Mexico, and it has emerged as the most productive and economical place to drill for oil in the country. Rather than compete for the same inventory separately, they decided to dominate it together. The combined company enters the world as the leading Delaware operator, with over 10 years of high-quality drilling locations, 1.6 million barrels of oil equivalent per day in production, and a $58 billion enterprise value that puts it in a different conversation than either company could claim on its own. The market will be watching whether management delivers on two simultaneous $1 billion efficiency programs: Devon's standalone optimization plan that's nearly complete, and the $1 billion in merger synergies targeted by year-end 2027. If they hit both, the free cash flow ...
RiverNorthPhotography/iStock Unreleased via Getty Images We remain neutral on Bloomin' Brands, Inc. ( BLMN ). When the company reported its 2025 earnings a few months ago, we covered the performance and noted that in our opinion, it was just not good enough. The 2026 guidance was pretty weak, with projected EPS of $0.75–$0.90, well below the consensus expectations. This comes despite modest positi...
RiverNorthPhotography/iStock Unreleased via Getty Images We remain neutral on Bloomin' Brands, Inc. ( BLMN ). When the company reported its 2025 earnings a few months ago, we covered the performance and noted that in our opinion, it was just not good enough. The 2026 guidance was pretty weak, with projected EPS of $0.75–$0.90, well below the consensus expectations. This comes despite modest positive U.S. comps. We had expected the name to struggle. For the last few months the stock had edged lower. However, the stock rallied over 40% following its just reported Q1 results . Why? Well, it was a combination of likely being a bit oversold, with a low bar to beat, and some short covering, in our opinion. Will it be enough to keep the rally going? We think not. However, it was a good quarter and showed that the company is working through some major issues and may have even won out some business from the incredibly competitive restaurant space. Make no mistake, this year was expected to be a decline with a possible bounce back in 2027. But the year is off to a good start. Reminder on Operations Before delving into the earnings review, we want to remind you of the brands the company owns and operates. The main staple name is Outback Steakhouse. On the Italian side of casual dining, it operates Carrabba’s Italian Grill. For the seafood lovers out there, it operates the Bonefish Grill. And finally, on the finer side of things, it operates a brand known as Fleming’s Prime Steakhouse & Wine Bar. As of this report, the company operates over 1,450 restaurants in 46 states and in 12 countries. We should be clear, though; this is one less state than last year and 3 fewer countries. The company has been closing underperforming stores for years, but the store count is now up from last year. And we are seeing a slow return to low growth. Let us discuss. Bloomin' Brands Q1 Revenues Rise, Positive Comparable Sales Comparable sales were a bit of an upside surprise here, and that drove a...
Bill Pugliano/Getty Images News "Rule 1: Don't lose money." - Warren Buffett Written by Sam Kovacs Pfizer just broke its dividend growth streak. On May 5, Pfizer ( PFE ) hosted its Q1 2026 earnings call. CEO Albert Bourla framed it as an encouraging start to this year, with revenues and EPS slightly beating consensus. PFE DFT Chart (Dividend Freedom Tribe) The dividend was held flat, and managemen...
Bill Pugliano/Getty Images News "Rule 1: Don't lose money." - Warren Buffett Written by Sam Kovacs Pfizer just broke its dividend growth streak. On May 5, Pfizer ( PFE ) hosted its Q1 2026 earnings call. CEO Albert Bourla framed it as an encouraging start to this year, with revenues and EPS slightly beating consensus. PFE DFT Chart (Dividend Freedom Tribe) The dividend was held flat, and management turned its tone on the dividend from a commitment to growth to a "preserve and support" tone. At $0.43, the dividend is exactly the same as it was in Q1 2025. While they might angle for a token increase later in the year and argue that the total payout was greater than in 2026, we know this doesn't quite reflect what dividend investors really expect when they talk about dividend investing. I had forecast this somewhat and chose to exit our position on March 30, when I told members of the Dividend Freedom Tribe: Pfizer yields 6.4% and has 46 consecutive years of dividend payments. On the surface, this looks like exactly the kind of high-yield defensive healthcare name you want in a stagflationary environment. Beneath the surface, the math that was already walking a tightrope line doesn't work in the feared upcoming environment. They have broken their 14-year streak of consecutive increases. The stock didn't react much, but it's been in the doghouse for a while now. We took a bet on Pfizer sub $30, and ultimately decided to bail. While Pfizer might get its turnaround, there are just too many unknowns, and with a stuck Fed, it might be hard to engineer the environment required for a timely recovery. UPS also bailed on its dividend growth streak. UPS ( UPS ) also broke its 16-year dividend growth streak this quarter. In March during the earnings call, they clearly signaled: No dividend hike this year. UPS, we exited a while ago. We identified that there was a total erosion of the moat, and we decided to bail before more pain was done to our position. Back in July 2024, we exi...
If you are wondering whether Oracle's recent share price levels still offer value, or if you might be late to the story, this article focuses squarely on what the current price implies. Oracle's stock last closed at US$194.03, with returns of 18.4% over 7 days, 33.3% over 30 days, 31.2% over 1 year and 170.5% over 5 years, while the year-to-date return stands at a 0.9% decline. Recent market atten...
If you are wondering whether Oracle's recent share price levels still offer value, or if you might be late to the story, this article focuses squarely on what the current price implies. Oracle's stock last closed at US$194.03, with returns of 18.4% over 7 days, 33.3% over 30 days, 31.2% over 1 year and 170.5% over 5 years, while the year-to-date return stands at a 0.9% decline. Recent market attention on Oracle has been shaped by broader interest in large software providers and their role in...
The International Monetary Fund said demand for Angola’s bonds will wane if the Iran war continues, putting pressure on inflation and the southern African nation’s currency amid higher import costs. “The appetite of capital markets for Angola’s securities will cool” if the Middle East conflict persists, IMF country representative Victor Lledo told reporters in Luanda, the capital, on Thursday. Ris...
The International Monetary Fund said demand for Angola’s bonds will wane if the Iran war continues, putting pressure on inflation and the southern African nation’s currency amid higher import costs. “The appetite of capital markets for Angola’s securities will cool” if the Middle East conflict persists, IMF country representative Victor Lledo told reporters in Luanda, the capital, on Thursday. Rising fuel, fertilizer and food-import costs create “inflationary pressure and exchange-rate pressure,” he said. Angolan dollar bonds across different maturities were among the worst performers in emerging markets on Thursday. The yields on its long-dated note due 2049 rose the most, advancing by nine basis points to 9.41%. Read More: IMF Urges Angola to Save Oil Windfall Ahead of 2027 Elections Africa’s third-largest oil producer is reaping the benefits of higher crude prices since the Iran war began on Feb. 28, but Lledo noted that it only produces 30% of the fuel it consumes, leaving it exposed to higher import prices. To ward off higher inflation, the IMF recommended the Angolan central bank maintain restrictive monetary policy. “If there is a renewed inflation spike, rates may even need to rise somewhat,” Lledo said during a presentation of the IMF’s sub-Saharan Africa Regional Economic Outlook. “Inflation expectations are still forming.” The Bank of Angola held interest rates at 17.5% in March. Sign up here for the daily Next Africa newsletter and subscribe to the Next Africa podcast on Apple , Spotify or anywhere you listen .
alexsl/iStock via Getty Images Investment Thesis Dover Corporation ( DOV ) should generate revenue from high-growth markets, including artificial intelligence & infrastructure. To increase its exposure in these markets, the company plans to continue with its acquisition strategy in the coming quarters. Moreover, the demand remains healthy across the majority of its segments, supported by solid boo...
alexsl/iStock via Getty Images Investment Thesis Dover Corporation ( DOV ) should generate revenue from high-growth markets, including artificial intelligence & infrastructure. To increase its exposure in these markets, the company plans to continue with its acquisition strategy in the coming quarters. Moreover, the demand remains healthy across the majority of its segments, supported by solid bookings in the recent quarters. Furthermore, the volume leverage, productivity savings, and price increase should improve the profitability of the company. With these growth opportunities along with a discount to its peers’ P/E median, there should be a Buy rating on this stock. Business Overview Dover Corporation is a global manufacturer of equipment and components, consumable supplies, aftermarket parts, and digital solutions & services. The company has operating segments including Engineered Products, Clean Energy & Fueling, Pumps & Process Solutions, Climate & Sustainability Technologies, and Imaging & Identification. The company operates across a wide range of markets, including industrial manufacturing, commercial refrigeration, heat exchangers, electricity infrastructure, biopharma, aerospace & defense, vehicle aftermarket, and packaging. Revenue Analysis & Outlook In the first quarter of FY2026, the net sales of Dover Corporation stood at $2.1 billion, an increase of 10% year-over-year, or 5% y-o-y organically. The growth was driven by the continued strength in the high-demand markets along with benefits from the acquisition strategy. The net sales of Climate & Sustainability Technologies were at $411 million, up 15% year-over-year, driven by the robust demand for liquid cooling applications in data centers. Additionally, the growth was supported by the recovery in the refrigerated door cases and services. Engineered Products’ net sales were at $267 million, an increase of 2% year-over-year. This was driven by the healthy demand in the aerospace and defense markets al...
Shake Shack Shares Crash Most On Record; McDonald's CEO Warns Of Faltering Consumer Shake Shack shares crashed the most on record after the burger chain reported weaker-than-expected first-quarter revenue and adjusted EBITDA, with management blaming the miss on "significant weather impacts." But the weather excuse may be masking a much larger problem: a weakening consumer increasingly pushing back...
Shake Shack Shares Crash Most On Record; McDonald's CEO Warns Of Faltering Consumer Shake Shack shares crashed the most on record after the burger chain reported weaker-than-expected first-quarter revenue and adjusted EBITDA, with management blaming the miss on "significant weather impacts." But the weather excuse may be masking a much larger problem: a weakening consumer increasingly pushing back against premium fast-casual pricing, with the average Shake Shack meal costing around $23. SHAK reported first-quarter results that missed Bloomberg Consensus estimates, with revenue and adjusted EBITDA coming in light as the burger chain faced margin pressure despite positive comparable sales. Here's a snapshot of first-quarter results, courtesy of Bloomberg: Revenue: $366.7 million, estimate $372.5 million (Bloomberg Consensus) Shack sales: $354.0 million, estimate $358.7 million Licensing revenue: $12.7 million Adjusted EBITDA: $37.0 million, estimate $45.5 million Comparable sales: +4.6%, estimate +4.65% Traffic growth: 1.4% Restaurant-level operating margin: 21.2%, estimate 21.9% CEO Rob Lynch noted that soaring beef costs rose by a low-teens percentage, while unfavorable weather eroded profit. Underlying sales and traffic momentum remained solid in the quarter. Wall Street analysts were not thrilled with the earnings report. Shares crashed by the most on record, plunging 29% in the early U.S. cash session. For the year, shares are down 17% and now trading at early-2024 levels. Separately, Shake Shack announced in a separate release that Michelle Hook will be appointed as the new CFO next Monday. Earlier, McDonald's CEO warned that current consumer environment is getting pressured: "Clearly, when you have elevated gas prices, which is the core issue that I think we’re all seeing about in the press right now, gas prices, inflation on that, that is going to disproportionately impact low-income consumers. And so we expect the pressures there are going to continue ." Tyle...
In this article BA Follow your favorite stocks CREATE FREE ACCOUNT Kelly Ortberg, chief executive officer of Boeing Co., during a media event at the Boeing Delivery Center in Seattle, Washington, US, on Wednesday, Jan. 7, 2026. M. Scott Brauer | Bloomberg | Getty Images Boeing CEO Kelly Ortberg is expected to join President Donald Trump on his visit to China next week, a source familiar with the p...
In this article BA Follow your favorite stocks CREATE FREE ACCOUNT Kelly Ortberg, chief executive officer of Boeing Co., during a media event at the Boeing Delivery Center in Seattle, Washington, US, on Wednesday, Jan. 7, 2026. M. Scott Brauer | Bloomberg | Getty Images Boeing CEO Kelly Ortberg is expected to join President Donald Trump on his visit to China next week, a source familiar with the planemaker's plans told CNBC on Thursday. Trump is currently set to meet with Chinese President Xi Jinping in Beijing on May 14 and 15. Ortberg signaled in an earnings call late last month that China could soon place an order for a "big number" of Boeing planes, breaking a yearslong drought for the company. But any new deal with China is "100% dependent" on U.S.-Chinese relations, including the outcome of the Trump-Xi summit, Ortberg said. This is breaking news. Please refresh for updates. — CNBC's Leslie Josephs contributed to this report. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Oli Scarff/Getty Images News BP ( BP ) said Thursday it plans to sell down its stakes in two flagship U.K. carbon capture and storage projects, the Northern Endurance Partnership project and the Net Zero Teesside Power project in northern England, without disclosing the size of the stakes on offer or potential buyers. "As the NZT Power and NEP projects have reached major milestones, including f...
Oli Scarff/Getty Images News BP ( BP ) said Thursday it plans to sell down its stakes in two flagship U.K. carbon capture and storage projects, the Northern Endurance Partnership project and the Net Zero Teesside Power project in northern England, without disclosing the size of the stakes on offer or potential buyers. "As the NZT Power and NEP projects have reached major milestones, including financial close and the start of construction, BP considers this the right time to sell a portion of its equity in both projects," the company said in a statement to Reuters. BP ( BP ) partners with Equinor ( EQNR ) and TotalEnergies ( TTE ) in the NEP project, which is expected to permanently store up to an initial 4M metric tons/year of carbon dioxide, and with Equinor in the NZT power project, which is poised to be the world's first gas power plant with carbon capture and deliver power to ~1M U.K. homes from 2028. Separately, the U.S. has extended a license allowing BP ( BP ) to continue to operate its Shah Deniz natural gas field in Azerbaijan with Iranian and Russian partners, the company said Thursday. More on BP BP: Risks Are Now To The Upside BP: The Market Still Underestimates This Turnaround BP Q1 Results Show Progress, Not A Buy Signal
tanit boonruen Payward, the parent of crypto exchange Kraken ( KRAKEN ), agreed to acquire Reap Technologies Holdings, a stablecoin-native, card-issuing, and payments infrastructure company, for $600M, the company said Thursday. The acquisition will expand Payward Services, the company's business-to-business, or B2B, infrastructure platform, providing a globally regulated infrastructure for card i...
tanit boonruen Payward, the parent of crypto exchange Kraken ( KRAKEN ), agreed to acquire Reap Technologies Holdings, a stablecoin-native, card-issuing, and payments infrastructure company, for $600M, the company said Thursday. The acquisition will expand Payward Services, the company's business-to-business, or B2B, infrastructure platform, providing a globally regulated infrastructure for card issuance and stablecoin payments. Payward Services provides to its customers a single integration point for the infrastructure they need to build 24/7 financial products — covering crypto trading, custody, tokenized assets, on/off-ramps, and derivatives. Reap extends that platform into the global cards and payments space. Payward's partners will be able to embed card issuance, cross-border payments, and stablecoin treasury services alongside Payward's existing capabilities without assembling multiple vendors or managing fragmented infrastructure, it said. "Reap is the payments layer for what comes next. Card networks, banking rails, and blockchains on a single API, settling in stablecoins," said Payward Co-CEO Arjun Sethi. The transaction follows Payward's acquisitions of NinjaTrader, Bitnomial, and Backed and continues its strategy of expanding the platform through capability-focused transactions, it added. More on Kraken Co Ltd Kraken parent to acquire U.S. derivatives exchange for $550M - report Deutsche Börse invests $200M in Kraken parent Payward for 1.5% stake Crypto exchange Kraken pauses IPO plan until market conditions improve
Three NASDAQ names are rocketing higher on Thursday, May 7, in moves that stand out even in a strong tape. Himax Technologies (NASDAQ:HIMX) stock is up 45% intraday to $17.88, Fluence Energy (NASDAQ:FLNC) stock is up 33% to around $18, and Datadog (NASDAQ:DDOG) stock is up roughly 30% to $186.50. That’s three different industries (semiconductors, ... 3 Stocks up 30% Today: HiMax, Fluence, DataDog ...
Three NASDAQ names are rocketing higher on Thursday, May 7, in moves that stand out even in a strong tape. Himax Technologies (NASDAQ:HIMX) stock is up 45% intraday to $17.88, Fluence Energy (NASDAQ:FLNC) stock is up 33% to around $18, and Datadog (NASDAQ:DDOG) stock is up roughly 30% to $186.50. That’s three different industries (semiconductors, ... 3 Stocks up 30% Today: HiMax, Fluence, DataDog All Soar