It's a big year for Remedy Entertainment. Last year was marred by the ill-fated launch of the multiplayer shooter FBC: Firebreak , which was so disastrous it led to former CEO Tero Virtala stepping down from his position . Now, with the much-anticipated sequel Control Resonant slated for later in 2026, the studio's new boss Jean-Charles Gaudechon - who took over in March - is offering some reassur...
It's a big year for Remedy Entertainment. Last year was marred by the ill-fated launch of the multiplayer shooter FBC: Firebreak , which was so disastrous it led to former CEO Tero Virtala stepping down from his position . Now, with the much-anticipated sequel Control Resonant slated for later in 2026, the studio's new boss Jean-Charles Gaudechon - who took over in March - is offering some reassuring words about where Remedy is headed. Here's what Gaudechon had to say in a statement as part of Remedy's most recent business review : The gaming industry and market have always been dynamic, now more volatile than ever. As the industry searches … Read the full story at The Verge.
Aziz Shamuratov /iStock via Getty Images I last wrote about DMC Global ( BOOM ) a little over 18 months ago . At the time, October 2024, the stock was a compelling special situation investment. Trading in the mid-teens per share, I believed the stock was worth as much as $22 per share, with several catalysts in motion that could quickly push the stock toward this price target. These catalysts incl...
Aziz Shamuratov /iStock via Getty Images I last wrote about DMC Global ( BOOM ) a little over 18 months ago . At the time, October 2024, the stock was a compelling special situation investment. Trading in the mid-teens per share, I believed the stock was worth as much as $22 per share, with several catalysts in motion that could quickly push the stock toward this price target. These catalysts included activist investor involvement, including a $16.50 per share stalking horse bid from one of these activists, as well as management's own plans to review the possible divestiture of one or several of DMC Global's varied businesses. Data by YCharts Unfortunately, things didn't go as planned. Instead of surging towards my price target, BOOM instead zoomed lower, eventually falling to as low as $4.69 per share. However, with the stock experiencing a partial rebound in recent days, it seemed like a good time to reassess this situation. With this, let's take a look at the latest with DMC Global, and see whether it's worthwhile to get back on, or to remain on the sidelines. Recap and Recent Developments Despite its status at the time as a top takeover target among industrial stocks , this catalyst failed to take shape for DMC Global. First, the company's management walked back its plans to sell off its Arcadia Products architectural building products business and DynaEnergetics energy products business. In late 2024, other events, such as the exit of then-CEO Michael Kuta , also placed pressure on shares. BOOM stock finished the year lower, as these events, coupled with an analyst downgrade from Stifel analyst Stephen Gengaro, helped to establish a substantive bear case for shares. 2025 wasn't much better for DMC Global, or its shareholders. For one, Steel Connect, arguably began to capitalize on DMC's pullback, by offering new but lower unsolicited bids for the company . Then, the the 2025 Trump tariffs, coupled with other macro headwinds, let to a further decline in DMC Glob...
Productivity gains from artificial intelligence will probably result in more jobs being created than are lost, similar to what occurred after China joined the World Trade Organization, according to Torsten Slok of Apollo Global Management Inc. “Across the board, across industries, inputs on production have basically gone down, very similar to what we saw during the China shock,” Slok, Apollo’s chi...
Productivity gains from artificial intelligence will probably result in more jobs being created than are lost, similar to what occurred after China joined the World Trade Organization, according to Torsten Slok of Apollo Global Management Inc. “Across the board, across industries, inputs on production have basically gone down, very similar to what we saw during the China shock,” Slok, Apollo’s chief economist, said Tuesday on Bloomberg Television’s Surveillance . When input costs become cheaper, “there is more demand for the inputs,” he said, citing as an example rising employment and salaries for radiologists as AI makes it cheaper to read scans. Worries about labor disruption caused by AI are widespread. Nobel prize-winning economist Simon Johnson said he sees the potential for “ jobs with good pay ” disappearing, while OpenAI offered policy recommendations last month meant to help navigate an era of AI-fueled upheaval. Still, others expect a positive impact. Bundesbank President Joachim Nagel told students in Germany in March that European companies using AI extensively have mostly reported they’re hiring workers. The decline in so-called input costs mirrors the aftermath of China joining the WTO in 2001 , Slok said. Goods coming from China became cheaper, which in turn reduced the expense of producing goods in the US — and economic activity picked up, he said. “The unemployment rate didn’t go up,” Slok said. But the spread of AI will cause pain in parts of the economy, Slok acknowledged, particularly in programming and parts of the software industry. The China lesson applies here, too. “It did create some very regional specific shocks in the manufacturing sectors in the US,” Slok said. “They certainly could not compete, with US, with Chinese production and US production at the same time.” (This story was produced with the assistance of Bloomberg Automation.)
The S&P 500 (^GSPC) heads into Tuesday with momentum after a powerful rebound last month in which the broader markets advanced 9%. A pullback in crude oil and first-quarter earnings beats are driving today’s gains as the markets embrace a reprieve in the Mideast escalation. The S&P 500 (^GSPC) is capturing those tailwinds for gains ... S&P 500 Rises on Big Tech Bump, Corporate Profits and Oil Pric...
The S&P 500 (^GSPC) heads into Tuesday with momentum after a powerful rebound last month in which the broader markets advanced 9%. A pullback in crude oil and first-quarter earnings beats are driving today’s gains as the markets embrace a reprieve in the Mideast escalation. The S&P 500 (^GSPC) is capturing those tailwinds for gains ... S&P 500 Rises on Big Tech Bump, Corporate Profits and Oil Price Relief
Getty Images Thesis Lululemon has become a battleground stock between value investors and those fearing a permanent growth slowdown. The company's historical growth rate has been nothing short of exceptional, but investors still question whether some semblance of that growth rate can be maintained going forward. In my opinion, this is the real question that matters: Do Lululemon clothes still make...
Getty Images Thesis Lululemon has become a battleground stock between value investors and those fearing a permanent growth slowdown. The company's historical growth rate has been nothing short of exceptional, but investors still question whether some semblance of that growth rate can be maintained going forward. In my opinion, this is the real question that matters: Do Lululemon clothes still make you feel something? Everything else is noise. As long as that feeling is still there, the company will adapt and figure out a way to continue growing. When I think of Lululemon and that question, I am reminded of Starbucks after its initial hyper growth phase. Investors focused heavily on slowing unit growth, while underestimating the staying power of a brand that had become part of consumers’ daily routines and self-image. To my observations, both men and women want to be seen in Lululemon clothing. That hasn't changed no matter how much people try to convince me Alo and Vuori are the new 'it' brands. Combined they aren't even 1/10th the size of Lululemon, plus they aren't even performance apparel brands. They are lifestyle apparel brands. Lululemon still reigns supreme and Wall Street is underestimating the durability of its brand, product, and future growth. I strongly believe the company share's are worth about $265 each and the market will reflect that by a few years. At the current stock price of $130 per share, Lululemon represents a classic 50¢ dollar stock - a stock that is temporarily trading at half it's fair value, and in a sane market, can be expected to double in two to three years. With that being said, let's get ourselves up to speed with the latest... The Current State of The Business There have been four key developments since 2025 that have driven uncertainty in the company's future (and stock price). CEO Change In 2025, US sales stalled and ultimately, in December, longtime CEO Calvin McDonald announced he would step down effective January 2026. In Apri...
On May 4, 2026, Yong Rong (HK) Asset Management Ltd disclosed in a Securities and Exchange Commission (SEC) filing that it sold its entire 5,000,000-share stake in Webull Corporation (NASDAQ:BULL) , an estimated $32.39 million transaction based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated May 4, 2026, Yong Rong (HK) Asset Management Ltd sold it...
On May 4, 2026, Yong Rong (HK) Asset Management Ltd disclosed in a Securities and Exchange Commission (SEC) filing that it sold its entire 5,000,000-share stake in Webull Corporation (NASDAQ:BULL) , an estimated $32.39 million transaction based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated May 4, 2026, Yong Rong (HK) Asset Management Ltd sold its entire 5,000,000-share stake in Webull Corporation. The estimated transaction value was $32.39 million, calculated using the average unadjusted closing price over the first quarter. The quarter-end position value dropped by $38.85 million, which includes both trading and market price effects. The fund sold out of Webull Corporation, reducing its stake from 11.8% of AUM in the previous quarter to zero; post-trade, the position represents none of AUM. Continue reading
An articulated truck caught fire inside the undersea tunnel of the Hong Kong–Zhuhai–Macau Bridge forcing the temporary closure of city-bound lanes and disrupting traffic on Tuesday evening. The blaze was reported before 8pm in the tunnel tube of the 55km (34.17 miles) cross-border bridge. Video footage showed flames beneath the cargo truck and thick smoke filling the tunnel. The city’s Transport D...
An articulated truck caught fire inside the undersea tunnel of the Hong Kong–Zhuhai–Macau Bridge forcing the temporary closure of city-bound lanes and disrupting traffic on Tuesday evening. The blaze was reported before 8pm in the tunnel tube of the 55km (34.17 miles) cross-border bridge. Video footage showed flames beneath the cargo truck and thick smoke filling the tunnel. The city’s Transport Department announced soon after that all Hong Kong-bound lanes were closed, leaving only one lane...
AndreyPopov/iStock via Getty Images Rockwell Automation ( ROK ) reported a stronger-than-expected first quarter, sending its shares up 9% in premarket trading Tuesday. The stock had already climbed 58% over the past 12 months through Monday’s close, underscoring investor confidence in the industrial automation group. The global provider of industrial automation, control systems and digital transfo...
AndreyPopov/iStock via Getty Images Rockwell Automation ( ROK ) reported a stronger-than-expected first quarter, sending its shares up 9% in premarket trading Tuesday. The stock had already climbed 58% over the past 12 months through Monday’s close, underscoring investor confidence in the industrial automation group. The global provider of industrial automation, control systems and digital transformation software, topped Wall Street expectations on both the top and bottom lines. Revenue came in at about $2.24 billion, ahead of the $2.16 billion consensus estimate, while adjusted earnings of $3.30 a share exceeded expectations of $2.88. Profit growth driven by margin expansion Rockwell ( ROK ) benefited from higher sales volumes, favorable pricing and improved mix, which helped lift profitability across its segments. Growth was particularly strong in areas such as warehouse automation, data centers and semiconductor demand. Net income rose to $350 million, or $3.10 a share, from $252 million, or $2.22 a share, a year earlier. Chairman and Chief Executive Blake Moret said the results reflect both execution and improving end-market demand. “We delivered a strong second quarter, with double-digit growth in sales and earnings exceeding our expectations,” he said. The company also reported earnings before interest, taxes, depreciation and amortization of $550 million for the quarter, up from $425 million a year earlier. In subsequent references, ebitda growth reflected the same underlying drivers as net income, including higher margins and operating leverage. Guidance raised as demand improves Rockwell ( ROK ) raised its fiscal 2026 adjusted earnings outlook to a range of $12.50 to $13.10 a share, up from a prior range of $11.40 to $12.20 and ahead of the $12.14 analyst consensus. The company also nudged its full-year reported sales midpoint to about $8.9 billion from $8.8 billion previously, slightly above the $8.87 billion consensus forecast. Management said it is seein...
JasonDoiy PayPal Holdings ( PYPL ) said on Tuesday it's optimizing its cost structure through accelerated artificial-intelligence deployment and simplification. The payment tech company didn't indicate how many jobs it would cut in the process. "Improving execution to unlock new growth opportunities remains our top priority," the company said in its Q1 letter to investors. "This will be supported ...
JasonDoiy PayPal Holdings ( PYPL ) said on Tuesday it's optimizing its cost structure through accelerated artificial-intelligence deployment and simplification. The payment tech company didn't indicate how many jobs it would cut in the process. "Improving execution to unlock new growth opportunities remains our top priority," the company said in its Q1 letter to investors. "This will be supported by organizational changes that simplify our structure, clarify accountability, and enable faster decision-making." The multiyear effort is expected to produce at least $1.5B of gross run-rate savings in the next two to three years. PayPal expects to deploy those savings "to reinvest in growth and respond to business headwinds, improving our overall financial profile over time." PayPal ( PYPL ) stock rose 0.7% in premarket trading. The cost-cutting, job reduction efforts came on the same day that Coinbase Global ( COIN ) announced a ~14% headcount reduction and after Block's ( XYZ ) decision in February to slash its headcount. All of them cited AI as a major factor in reducing their payrolls. More on PayPal PayPal's Epic Fall In Numbers PayPal Q1 Earnings Preview: The P/E Multiple Lags Behind The Business Slowdown PayPal Profit Engine Could Be Threatened By Agentic Shopping Revolution PayPal Q1 earnings, revenue beat after expectations reset lower in Q4 PayPal Non-GAAP EPS of $1.34 beats by $0.07, revenue of $8.4B beats by $340M
American States Water ( AWR ) declares $0.504/share quarterly dividend , in line with previous. Forward yield 2.65% Payable June 2; for shareholders of record May 18; ex-div May 18. The company has now announced a dividend of $0.504 for four consecutive quarters. See AWR Dividend Scorecard, Yield Chart, & Dividend Growth. More on American States Water American States Water: You Depend On Them, So ...
American States Water ( AWR ) declares $0.504/share quarterly dividend , in line with previous. Forward yield 2.65% Payable June 2; for shareholders of record May 18; ex-div May 18. The company has now announced a dividend of $0.504 for four consecutive quarters. See AWR Dividend Scorecard, Yield Chart, & Dividend Growth. More on American States Water American States Water: You Depend On Them, So Own Them American States Water: Buy And Let It Drip American States Water: I Remain Unconvinced In 2026 Western states look to desalination deals as Colorado River crisis deepens: WSJ American States Water projects $185M–$225M in 2026 utility capex as rate base climbs 11.3% CAGR
While there are 7.8 billion barrels stockpiled on paper, the reality is more like 1.4 billion barrels and as the market begins to process this realization, SocGen forecasts the oil price will rise.
While there are 7.8 billion barrels stockpiled on paper, the reality is more like 1.4 billion barrels and as the market begins to process this realization, SocGen forecasts the oil price will rise.