New Berkshire CEO Greg Abel has called Coke one of its “core four” investments, along with Apple, Moody’s, and American Express. It’s beating the S&P 500 this year.
New Berkshire CEO Greg Abel has called Coke one of its “core four” investments, along with Apple, Moody’s, and American Express. It’s beating the S&P 500 this year.
Copper edged lower with aluminum while Iran evaluates a fresh proposal from US President Donald Trump to end a conflict that’s nearing the 10-week mark. Most industrial metals had surged on Tuesday and Wednesday on growing optimism for deescalation of a war that’s pushed up energy prices and threatened the global economy. Tehran is now mulling a one-page memorandum from the US that proposes a path...
Copper edged lower with aluminum while Iran evaluates a fresh proposal from US President Donald Trump to end a conflict that’s nearing the 10-week mark. Most industrial metals had surged on Tuesday and Wednesday on growing optimism for deescalation of a war that’s pushed up energy prices and threatened the global economy. Tehran is now mulling a one-page memorandum from the US that proposes a path to reopening the Strait of Hormuz. As oil prices steadied following big swings this week, copper trimmed its rally, falling 0.2% to trade at $13,366 a ton by 12:28 p.m. Shanghai time. Aluminum was down 0.6% and zinc was little changed. The war in the Middle East has roiled metals markets by rupturing some supplies, cutting off flows of sulfuric acid needed by producers elsewhere, and risking a major hit to manufacturers worldwide. Aluminum has posted sharp gains after the region’s smelters were forced to cut production. “In the short term we probably think aluminum would react negatively to an end of the war,” Guy Wolf , global head of market analytics at Marex Spectron, said at a seminar in Hong Kong during LME Asia Week. “But probably then that would actually provide a buying opportunity because the production outages are not going to be resolved immediately.”
The "Magnificent Seven" collectively refers to Nvidia , Apple , Microsoft (NASDAQ: MSFT) , Amazon (NASDAQ: AMZN) , Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , Meta Platforms (NASDAQ: META) , and Tesla . They are among the most influential companies globally, from a business and stock market standpoint. As of the end of March, they accounted for over 32% of the S&P 500 . It's often hard to find true ...
The "Magnificent Seven" collectively refers to Nvidia , Apple , Microsoft (NASDAQ: MSFT) , Amazon (NASDAQ: AMZN) , Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , Meta Platforms (NASDAQ: META) , and Tesla . They are among the most influential companies globally, from a business and stock market standpoint. As of the end of March, they accounted for over 32% of the S&P 500 . It's often hard to find true value in a Magnificent Seven stock because of their popularity, but Meta is one that's sliding into value territory. As of market close on May 4, it was trading at 19.8 times its projected earnings over the next 12 months -- the lowest valuation of the group. Continue reading
Michael Derrer Fuchs/iStock Editorial via Getty Images The CDC said Wednesday it is closely monitoring the situation involving U.S. travelers aboard a luxury cruise ship affected by a hantavirus outbreak. Three people - a Dutch couple and a German national - have died in the outbreak on the MV Hondius. Eight people, including a Swiss citizen, are suspected to have contracted the virus, according ...
Michael Derrer Fuchs/iStock Editorial via Getty Images The CDC said Wednesday it is closely monitoring the situation involving U.S. travelers aboard a luxury cruise ship affected by a hantavirus outbreak. Three people - a Dutch couple and a German national - have died in the outbreak on the MV Hondius. Eight people, including a Swiss citizen, are suspected to have contracted the virus, according to the World Health Organization. "The Department of State is leading a coordinated, whole-of-government response including direct contact with passengers, diplomatic coordination, and engagement with domestic and international health authorities," the CDC said in a statement. People in at least three U.S. states were being monitored for potential hantavirus infections after the outbreak on the MV Hondius, though none had shown signs of illness, the New York Times reported earlier on Wednesday. More on markets, Costco Wholesale Corporation (COST) Period Ending/ Trading Statement Call Prepared Remarks Transcript Hubbell: Robust Markets, But High Valuation And Margin Concerns Create Some Headwinds Madison Asset Allocation Funds Q1 2026 Commentary Cytokinetics prices upsized $700M equity raise at $71 per share Materialise GAAP EPS of €0.03, revenue of €66.28M; reaffirms FY26 outlook
Earlier this week, five people who touch every layer of the AI supply chain sat down at the Milken Global Conference in Beverly Hills, where they talked with TechCrunch about everything from chip shortages to orbital data centers to the possibility that the whole architecture that undergirds the tech is wrong.
Earlier this week, five people who touch every layer of the AI supply chain sat down at the Milken Global Conference in Beverly Hills, where they talked with TechCrunch about everything from chip shortages to orbital data centers to the possibility that the whole architecture that undergirds the tech is wrong.
tum3123/iStock via Getty Images Market Review Equity markets in the developing world, as measured by the MSCI Emerging Markets Index, slipped 0.2% in the first quarter. The monthslong rally across equity markets in the developing world—fueled in part by global investors seeking alternatives to US risk assets—came to an abrupt end in March due to escalating tensions in the Middle East, where the US...
tum3123/iStock via Getty Images Market Review Equity markets in the developing world, as measured by the MSCI Emerging Markets Index, slipped 0.2% in the first quarter. The monthslong rally across equity markets in the developing world—fueled in part by global investors seeking alternatives to US risk assets—came to an abrupt end in March due to escalating tensions in the Middle East, where the US's and Israel's joint military campaign against Iran curbed risk appetites. News that Iran had imposed a near-total blockade of the Strait of Hormuz in response to the airstrikes concerned many investors, who feared that its effective closure might have dire consequences for the global economy given that one-fifth of the world's oil and natural gas and roughly one-third of the world's fertilizer that sustains global crops pass through the narrow waterway. Global stock and oil markets were volatile throughout March, as investors searched for any signs that a de-escalation of hostilities was on the horizon. The price of Brent crude oil, the global benchmark, ended March at US$118.45 per barrel, a 63% increase since the war in Iran began on 28 February, and the largest monthly jump in percentage terms on record. Emerging Asia, which is heavily reliant on crude oil from the Middle East, was the worst-performing region in the period, falling 1.5%, due largely to worries that the oil shock will adversely impact the region's economic outlook. Nevertheless, stock markets in global technology hubs Korea and Taiwan both rose sharply, thanks to the demand upcycle for memory chips. China's stock market fell as a result of a sell-off of AI-linked stocks. India's stock market fell on concerns about the impact that surging oil prices will have on the country's economy. Indonesia's stock market tumbled on news that index provider MSCI was considering removing the country as a constituent of the MSCI Emerging Markets Index due to low liquidity and ownership concentrations, which, if carried...
Cytokinetics ( CYTK ) priced an upsized underwritten public offering of 9.86M shares at $71 per share, raising about $700M in gross proceeds before expenses. The underwriters were also granted a 30-day option to purchase up to an additional 1.48M shares. The offering is expected to close on May 8. The biotechnology company had initially announced a proposed $650M stock offering earlier this week. ...
Cytokinetics ( CYTK ) priced an upsized underwritten public offering of 9.86M shares at $71 per share, raising about $700M in gross proceeds before expenses. The underwriters were also granted a 30-day option to purchase up to an additional 1.48M shares. The offering is expected to close on May 8. The biotechnology company had initially announced a proposed $650M stock offering earlier this week. More on Cytokinetics Cytokinetics, Incorporated (CYTK) Q1 2026 Earnings Call Prepared Remarks Transcript Cytokinetics, Incorporated (CYTK) Discusses ACACIA-HCM Topline Results From Pivotal Phase 3 Trial of Aficamten in Non-Obstructive HCM Transcript Cytokinetics: Strong Story, But Valuation Leaves Limited Upside Cytokinetics outlines $830M-$870M 2026 operating expense range while advancing MYQORZO Germany launch Cytokinetics plans $650M stock offering
In recent weeks, Oracle Corporation has advanced its AI and cloud ambitions with a classified U.S. Department of Defense AI contract, US$16.00 billion in financing for a Michigan data center powering OpenAI applications, and clean‑energy‑powered Project Jupiter in New Mexico. These moves, together with a very large US$553.00 billion contracted backlog heavily tied to OpenAI, highlight both Oracle’...
In recent weeks, Oracle Corporation has advanced its AI and cloud ambitions with a classified U.S. Department of Defense AI contract, US$16.00 billion in financing for a Michigan data center powering OpenAI applications, and clean‑energy‑powered Project Jupiter in New Mexico. These moves, together with a very large US$553.00 billion contracted backlog heavily tied to OpenAI, highlight both Oracle’s expanding AI infrastructure role and its growing concentration and debt risks. We’ll now...