The Federal Reserve ’s top bank cop said that consumer fraud and scams pose increasing risks to the financial system, emphasizing that “nearly every fraud” affects a bank account or is tied to a payment that involves a bank account. Regulators are weighing ways to step up the fight against consumer fraud as banks make “unprecedented investments in security and consumer education,” Vice Chair for S...
The Federal Reserve ’s top bank cop said that consumer fraud and scams pose increasing risks to the financial system, emphasizing that “nearly every fraud” affects a bank account or is tied to a payment that involves a bank account. Regulators are weighing ways to step up the fight against consumer fraud as banks make “unprecedented investments in security and consumer education,” Vice Chair for Supervision Michelle Bowman said Tuesday in prepared remarks. Bowman said that although it may not seem obvious, addressing fraud is one of the agency’s most important roles. She added that a Fed survey showed one in five American adults experienced financial fraud or scams in 2024. Bowman said she will soon hold a roundtable with Treasury Secretary Scott Bessent and Federal Communications Commission Chairman Brendan Carr on the issue. That meeting comes as the Trump administration fights to weaken a top US consumer watchdog, a move that some consumer advocates, academics and Democrats have argued as unhelpful in the fight against fraud. “We’ll be asking participants to share what they are currently doing to combat payments fraud, what informal data-sharing practices have proven effective, what prevention mechanisms they have seen that work, and what additional cross-sector or government efforts would be most helpful in this fight,” Bowman said. The Fed’s top bank cop said the regulator is working to approach fraud with a “comprehensive strategy that leverages our unique authorities to prevent payments fraud and protect consumers, businesses and supervised institutions.” Bowman said the agencies are evaluating enhanced guidance and resources for banks, as well as ways to strengthen bank defenses and improve victim recovery.
Job openings barely budged in March as the hiring rate reached its highest level in nearly two years, Labor Department data released Tuesday showed. But layoffs also crept higher.
Job openings barely budged in March as the hiring rate reached its highest level in nearly two years, Labor Department data released Tuesday showed. But layoffs also crept higher.
Hugo Boss press release ( BOSSY ): Q1 group sales decline 6% to EUR 905M (Q1 2025: EUR 999M). FY 2026 outlook reaffirmed: currency-adjusted group sales to decline mid- to high-single digits; EBIT to range between EUR 300M and EUR 350M. More on Hugo Boss Hugo Boss: Too Early To Turn Bullish Yet Hugo Boss AG 2025 Q4 - Results - Earnings Call Presentation Hugo Boss AG (BOSSY) Q4 2025 Earnings Call Tr...
Hugo Boss press release ( BOSSY ): Q1 group sales decline 6% to EUR 905M (Q1 2025: EUR 999M). FY 2026 outlook reaffirmed: currency-adjusted group sales to decline mid- to high-single digits; EBIT to range between EUR 300M and EUR 350M. More on Hugo Boss Hugo Boss: Too Early To Turn Bullish Yet Hugo Boss AG 2025 Q4 - Results - Earnings Call Presentation Hugo Boss AG (BOSSY) Q4 2025 Earnings Call Transcript Hugo Boss GAAP EPS of Є1.57, revenue of Є1.28B; introduces FY26 outlook Seeking Alpha’s Quant Rating on Hugo Boss
SHansche/iStock via Getty Images Chevron Corporation ( CVX ) is positioned to capitalize on the tight oil and international gas markets as the war in Iran intensifies. With roughly 13MMbbl/d taken offline from the Middle East, upward pricing pressure may remain throughout 2026 despite the futures strip price expectations. A major value driver that will materialize in the coming years for Chevron i...
SHansche/iStock via Getty Images Chevron Corporation ( CVX ) is positioned to capitalize on the tight oil and international gas markets as the war in Iran intensifies. With roughly 13MMbbl/d taken offline from the Middle East, upward pricing pressure may remain throughout 2026 despite the futures strip price expectations. A major value driver that will materialize in the coming years for Chevron is its recently announced agreement with Microsoft Corporation ( MSFT ) to supply 2.5GW of gas-fired power to support Microsoft’s data centers in West Texas, creating a vertically integrated operation for Chevron for production to electricity. Despite the robust outlook, CVX shares have become relatively expensive when compared to historical averages. For this reason, I am downgrading CVX shares to a Hold rating with a price target of $205/share at 7.32x eFY27 EV/EBITDA. Chevron Corporation Operational Update Corporate Filings Chevron remains in a position of strength with 2MMboe/d of domestic and 1.8MMboe/d of international production in Q1 ’26, a slight sequential decline in volumes offset by higher liquids and gas prices. Despite the sequential pullback, Chevron is expecting to increase production by 7-10%, landing at roughly 4MMboe/d of production. A driving factor that the market may be overlooking is the real oil price at delivery, or the physical oil market, versus the price reported as the front month is oftentimes quoted in pricing charts. In April 2026 , the price of Brent crude reached $144.42/bbl, suggesting a major dislocation between the spot and futures markets resulting from the tightening of the market due to the war in Iran and the closure of the Strait of Hormuz. Accordingly, roughly 13MMbbl/d of oil production has been taken offline since the start of the war, equating to more than 500MMbbl of oil , presenting a unique opportunity for the IOCs and E&Ps to deliver production outside of the region. For reference, the war has disrupted roughly 20% of the dai...
Sundry Photography/iStock Editorial via Getty Images Executive Summary The Quarter in Review: The Truth Behind the Noise At first glance, Lockheed Martin's ( LMT ) Q1 report looks bad and makes people anxious about the future of LMT. Especially, the decrease in EPS and net income looks disappointing for Lockheed Martin. And I can say that this is partially true. However, when we deeply analyze the...
Sundry Photography/iStock Editorial via Getty Images Executive Summary The Quarter in Review: The Truth Behind the Noise At first glance, Lockheed Martin's ( LMT ) Q1 report looks bad and makes people anxious about the future of LMT. Especially, the decrease in EPS and net income looks disappointing for Lockheed Martin. And I can say that this is partially true. However, when we deeply analyze the report, these issues look like temporary problems. The main issues are the current logistics crises because of the conflict between Iran and the United States and quarterly cost corrections for the F-16 and C-130 programs. The increase in contract assets shows us that next quarters will become stronger. The Structural Reality: Revenue Visibility and Strategic Growth When we filter the short-term noise regarding LMT, we can see the intrinsic value of the company. The main point of this intrinsic value is the backlog. Even though Lockheed Martin's backlog decreased from $193.6 billion to $186.4 billion, it is still strong enough to provide a constant cash flow to Lockheed Martin. As we can see from this backlog, the issue is a temporary production problem, not a lack of demand. Backlog (Lockheed Martin 2026 Q1 Report) Additionally, the Missile and Fire Control segment and Space segment growth are very crucial for the long term. These segments will be very important in the future because of the future warfare strategy. These segments will be the most important part of Lockheed Martin in the future. Investment Thesis: Strategic Accumulation Before the Second Half There is a little discrepancy between the quarterly report and my latest article about Lockheed Martin. However, this does not mean that the article is no longer valid. In the future, I still expect the same growth rate for Lockheed Martin, and I will explain the reasons behind it in this article. Therefore, I am still staying in the same position regarding LMT. Differences Between My Model and the Q1 Report (Author's...
The Nasdaq Composite (^IXIC) opened higher Tuesday, with the tech-heavy benchmark riding a familiar trio of tailwinds: a fresh wave of strong earnings, a sharp pullback in crude oil, and a pause in Middle East escalation. Risk appetite is back, and the Nasdaq Composite (^IXIC) is riding the bullish wave. Google parent company Alphabet (Nasdaq: GOOGL), ... Alphabet, Intel, Micron Lead Nasdaq Higher...
The Nasdaq Composite (^IXIC) opened higher Tuesday, with the tech-heavy benchmark riding a familiar trio of tailwinds: a fresh wave of strong earnings, a sharp pullback in crude oil, and a pause in Middle East escalation. Risk appetite is back, and the Nasdaq Composite (^IXIC) is riding the bullish wave. Google parent company Alphabet (Nasdaq: GOOGL), ... Alphabet, Intel, Micron Lead Nasdaq Higher as Oil Drops on Paused Mideast Tensions
The value of imports rose by 2.3% while exports increased 2% in March from the prior month. The trade gap now stands at $60.3 billion. Bloomberg's Michael McKee has the data breakdown. (Source: Bloomberg)
The value of imports rose by 2.3% while exports increased 2% in March from the prior month. The trade gap now stands at $60.3 billion. Bloomberg's Michael McKee has the data breakdown. (Source: Bloomberg)
Just_Super/E+ via Getty Images Hims & Hers Health, Inc. ( HIMS ) is being treated like a broken product story, when in reality it’s going through a forced transition . The market continues to be guided by the margin and revenue contraction story, yet there is no guarantee that the demand is not there. In case there is any indication of stability from the company's side, this story may swiftly shif...
Just_Super/E+ via Getty Images Hims & Hers Health, Inc. ( HIMS ) is being treated like a broken product story, when in reality it’s going through a forced transition . The market continues to be guided by the margin and revenue contraction story, yet there is no guarantee that the demand is not there. In case there is any indication of stability from the company's side, this story may swiftly shift into a story of reset. Hims Q1: Stability Is Enough Q1 for Hims is one of those rare instances where there's been some level of expectation reset but not complete recalibration. The street calls for roughly ~$616-650 million in revenues and ~$0.03 GAAP EPS (~$0.13 normalized) . Management guided at $600-$625 million with an impact of ~$65 million from GLP-1 disruption. This delta is where I see the opportunity. Assuming even modestly above the lower end of that range, like ~$620 million in revenues would imply an actual underlying run-rate closer to ~$680+ million. Which implies demand didn't vanish, it moved. Data by YCharts GAAP EPS is called to fall nearly 83% year-over-year. So margins being reset is already factored into estimates here. Not only does that reduce the hurdle, but downward revisions are prevalent as well, along with high ~34% short interest. All of which implies very low levels of investor conviction. My view on this is pretty straight forward. This quarter isn't about beating expectations, it's about not missing by too much. Subscriber levels need to be held up somewhere north of 2.5 million and ARPU should be stable. That's all you really need to see. Why the Margins Discussion Isn't Fully Answering the Question Under the compounded model, Hims was basically setting the price and capturing the bulk of value from the prescriptions, leading to high margins. Moving towards branded GLP-1s via Novo Nordisk ( NVO ) means that Hims will now just be the distribution channel. The price will be determined by Novo, and the fulfillment will also be handled by Nov...
Patamaporn Umnahanant/E+ via Getty Images Shares of Reliance Steel ( RS ) have been setting all-time highs here, having been an active participant in the broader market rally in recent weeks. Shares have risen a third from levels at which shares traded in the fall, when I last looked at the prospects for the leader in the North American metal service center. At the time, Reliance traded at a high-...
Patamaporn Umnahanant/E+ via Getty Images Shares of Reliance Steel ( RS ) have been setting all-time highs here, having been an active participant in the broader market rally in recent weeks. Shares have risen a third from levels at which shares traded in the fall, when I last looked at the prospects for the leader in the North American metal service center. At the time, Reliance traded at a high-teens earnings multiple based on operating margins reported around 7-8% of sales, yet if margins were to recover to long-term averages around 10%, real potential was seen from an earnings perspective. Furthermore, Reliance is a great long-term value creator, driven by strong operating performance, capital deployment, including sound M&A efforts. Other, higher-conviction ideas, including other long-term value compounders, can be found at Value In Corporate Events . A Sound Start To 2026 Towards the end of April, Reliance reported sound first-quarter numbers with sales up around 15% on both an annual and sequential basis to $4.03 billion, as gross margins were pretty flat. Note that various margins are reported, both on a GAAP and non-GAAP basis, as well as the LIFO and FIFO methods; yet generally, margins have been trending up. Non-GAAP diluted earnings of $5.16 per share were up 36% as its operating margins approached 9%, while non-GAAP diluted earnings per share on a FIFO basis rose by 38% to $5.70 per share. This is largely driven by pricing, with tons sold up nearly 3% while average selling prices per ton have increased just over 12%, being a key driver to margin gains. Growth is driven by all different product categories, including carbon steel, aluminum, stainless steel, alloys, and copper & brass. That thesis has quickly played out, with margin gains being impressive, rapidly approaching 10%. This makes that non-GAAP earnings trend over $20 per share, with these earnings on a FIFO basis even seen in the low $20s. The balance sheet remains sound, with net debt of $1.44...
State Street opened its 2026 Global ETF Outlook with a single sentence that framed an entire year of flows: “Defense was the standout theme of 2025.” The line, buried on page 13 of a report covering a nearly $20 trillion global ETF market, points readers to a narrow trio of U.S.-listed funds that absorbed the ... State Street Defense Call Perfectly Tees up Trio Of ETFs For An Incredible 2026
State Street opened its 2026 Global ETF Outlook with a single sentence that framed an entire year of flows: “Defense was the standout theme of 2025.” The line, buried on page 13 of a report covering a nearly $20 trillion global ETF market, points readers to a narrow trio of U.S.-listed funds that absorbed the ... State Street Defense Call Perfectly Tees up Trio Of ETFs For An Incredible 2026
Eoneren/E+ via Getty Images UnitedHealthcare ( UNH ) is making its most aggressive push yet to simplify the prior authorization process, announcing Tuesday it will eliminate approval requirements for 30% of healthcare services that previously required insurer sign-off, a move that comes as the company sits mid-pack in the managed healthcare sector on Seeking Alpha's Quant Rankings. The initiative ...
Eoneren/E+ via Getty Images UnitedHealthcare ( UNH ) is making its most aggressive push yet to simplify the prior authorization process, announcing Tuesday it will eliminate approval requirements for 30% of healthcare services that previously required insurer sign-off, a move that comes as the company sits mid-pack in the managed healthcare sector on Seeking Alpha's Quant Rankings. The initiative doubles down on a process that is already streamlined by industry standards. Prior authorization currently applies to just 2% of all UnitedHealthcare medical services, and of those submitted, approximately 92% are approved within 24 hours on average. In light of this, b elow is a list of managed healthcare stocks ranked according to their Seeking Alpha Quant Ratings. UNH currently holds a Quant score of 3.48, a Hold, placing it third in the managed healthcare sector behind Centene Corporation and HealthEquity. Centene Corporation ( CNC ) tops the list with a Strong Buy rating and a Quant score of 4.92. HealthEquity, Inc. ( HQY ) comes in second with a Buy rating. Large-cap industry leaders like UnitedHealth Group ( UNH ) and Elevance Health ( ELV ) currently hold “Hold” ratings, as do other sector players such as Humana Inc. ( HUM ) and Molina Healthcare, Inc. ( MOH ). Here is the list: Centene Corporation ( CNC ), Quant Rating: 4.92 HealthEquity, Inc. ( HQY ), Quant Rating: 3.57 UnitedHealth Group Incorporated ( UNH ), Quant Rating: 3.48 Alignment Healthcare, Inc. ( ALHC ), Quant Rating: 3.37 Elevance Health, Inc. ( ELV ), Quant Rating: 3.31 Humana Inc. ( HUM ), Quant Rating: 3.02 Molina Healthcare, Inc. ( MOH ), Quant Rating: 2.75 More on UnitedHealth, State Street Health Care Select Sector SPDR ETF AI Revolutionizing Biopharma: Faster, Better, Cheaper UnitedHealth: Went Back Up Too Far, Too Fast (Downgrade) Trump's Psychedelics Stance Reignites Sector - How Investors Can Benefit UnitedHealthcare cuts prior authorization requirements by 30% Most and least shorted healthca...
PayPal Holdings (NASDAQ:PYPL) shares are tumbling roughly 10% in early trading Tuesday morning to about $45.50, after the company reported a Q1 2026 earnings beat alongside a soft Q2 outlook. The stock closed Monday at $50.39 before the report. The slide extends an already painful run. PYPL stock entered the earnings report down 13% year ... PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venm...
PayPal Holdings (NASDAQ:PYPL) shares are tumbling roughly 10% in early trading Tuesday morning to about $45.50, after the company reported a Q1 2026 earnings beat alongside a soft Q2 outlook. The stock closed Monday at $50.39 before the report. The slide extends an already painful run. PYPL stock entered the earnings report down 13% year ... PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venmo Spin-off Enough to Save the Stock?
The 2026 Global ETF Outlook from State Street made a specific call about where fixed income flows are heading. State Street wrote that “Active ETFs incorporating CLO-based fixed income strategies are gaining traction, reflecting strong demand for differentiated yield within a liquid, transparent ETF wrapper.” That endorsement matters because it points individual investors toward a ... The CLO ETF ...
The 2026 Global ETF Outlook from State Street made a specific call about where fixed income flows are heading. State Street wrote that “Active ETFs incorporating CLO-based fixed income strategies are gaining traction, reflecting strong demand for differentiated yield within a liquid, transparent ETF wrapper.” That endorsement matters because it points individual investors toward a ... The CLO ETF State Street Spotlighted as 2026’s Yield Frontier
Dominic Sessa, The Holdovers breakout, will play legendary chef in a 70s-set drama from BlackBerry’s director The first trailer for the Anthony Bourdain biopic, Tony, has been released giving us a sweary look at the late food icon’s younger years. Dominic Sessa, The Holdovers breakout, plays 19-year-old Bourdain as he gets his first job in a kitchen in mid-70s Cape Cod. Continue reading...
Dominic Sessa, The Holdovers breakout, will play legendary chef in a 70s-set drama from BlackBerry’s director The first trailer for the Anthony Bourdain biopic, Tony, has been released giving us a sweary look at the late food icon’s younger years. Dominic Sessa, The Holdovers breakout, plays 19-year-old Bourdain as he gets his first job in a kitchen in mid-70s Cape Cod. Continue reading...