Families in Norfolk, Va., await the return of roughly 15,000 sailors and Marines as the USS Ford continues a deployment that started more than 10 months ago. (Image credit: Joe Raedle)
Families in Norfolk, Va., await the return of roughly 15,000 sailors and Marines as the USS Ford continues a deployment that started more than 10 months ago. (Image credit: Joe Raedle)
Earnings Call Insights: USA Compression Partners, LP (USAC) Q1 2026 Management View “In the last few months, we have contracted over 90% of our 2026 horsepower, which will more than double the new horsepower deployed in 2025.” (President & CEO Micah Green) “Certain new engine lead times have recently tripled from 50 weeks to approximately 150 weeks.” (President & CEO Green) “We are now able to dir...
Earnings Call Insights: USA Compression Partners, LP (USAC) Q1 2026 Management View “In the last few months, we have contracted over 90% of our 2026 horsepower, which will more than double the new horsepower deployed in 2025.” (President & CEO Micah Green) “Certain new engine lead times have recently tripled from 50 weeks to approximately 150 weeks.” (President & CEO Green) “We are now able to directly acquire highly marketable engines with optionality to package for our own internal contract compress needs or future resale to third parties.” (President & CEO Green) “We expect approximately $10 million to $20 million of annual run rate synergies by year-end 2027, and we are still tracking towards those estimates.” (Senior VP & COO Christopher Wauson) “These advanced planning efforts should enable new contract compression growth to stay largely consistent with 2026, in excess of 100,000 horsepower each year.” (COO Wauson) “We increased pricing to an all-time high, averaging $22.73 per horsepower, a 5% increase in sequential quarters and an 8% increase compared to a year ago.” (Senior VP, CFO & Treasurer Christopher Paulsen) “We continue to maintain our full year adjusted EBITDA range of $770 million to $800 million, distributable cash flow range of $480 million to $510 million, maintenance capital range of $60 million to $70 million and expansion capital range of $230 million to $250 million.” (CFO Paulsen) Outlook “We continue to maintain our full year adjusted EBITDA range of $770 million to $800 million” and “distributable cash flow range of $480 million to $510 million,” while keeping “maintenance capital range of $60 million to $70 million” and “expansion capital range of $230 million to $250 million.” (CFO Paulsen) “Our near-term target is to maintain a 3.75x debt-to-EBITDA” and “we anticipate it will tick higher in Q2 as we take delivery of new horsepower that trend back lower by year-end.” (CFO Paulsen) “We are nearly fully contracted for 2026 and replacing a...
Earnings Call Insights: Great Elm Capital Corporation (GECC) Q1 2026 Management View "In the near term, I am reprioritizing. We will protect and grow NAV first and secondarily create income," said (Chairman of the Board and CEO Jason Reese), adding, "We will accomplish this by strengthening oversight, protecting shareholder value and reinforcing accountability across the platform." (CEO Reese) att...
Earnings Call Insights: Great Elm Capital Corporation (GECC) Q1 2026 Management View "In the near term, I am reprioritizing. We will protect and grow NAV first and secondarily create income," said (Chairman of the Board and CEO Jason Reese), adding, "We will accomplish this by strengthening oversight, protecting shareholder value and reinforcing accountability across the platform." (CEO Reese) attributed the quarter’s NAV pressure to marks in specific exposures: "Our NAV declined this quarter, driven primarily by unrealized losses in select investments, most notably our CLO JV and one private investment with an idiosyncratic event," and said, "Our CLO investments can exhibit volatility given their inherent leverage." (CEO Reese) highlighted the manager’s continued fee actions: "Great Elm Capital Management, GECM, investment adviser, has waived all accrued and unpaid incentive fees through June 30, 2026, marking the third consecutive quarter of fee waivers," and quantified, "As of March 31, 2026, that waiver amounted to approximately $2.8 million or $0.20 per share of direct benefit to our shareholders." (CEO Reese) emphasized reduced refinancing risk: "Recently, we called and repurchased all $57.5 million of GECCO notes due later this year," and added, "Once these notes are fully retired, GECC will have no funded debt maturities until 2029." (CEO Reese) described rotation toward senior secured: "During the quarter, we deployed approximately $22 million across 12 investments while exiting investments we viewed as higher risk," and said, "first lien investments now comprise nearly 75% of the corporate portfolio, the highest level in the company's recent history." (CFO & Treasurer Keri Davis) reported earnings and NAV: "NII for the first quarter of 2026 was $5 million or $0.36 per share compared to $4.4 million or $0.31 per share in the fourth quarter of 2025," and "Net assets were $107.5 million or $7.74 per share as of March 31, 2026, compared to $112.9 million or $8...
Earnings Call Insights: AudioCodes (AUDC) Q1 2026 Management view Revenue and margin commentary emphasized the company’s positioning shift, with CEO Shabtai Adlersberg framing Q1 as execution on a transformation: "I'm pleased to report solid first quarter results, reflecting continued effective execution against our strategic priorities as we continue our transformation into a voice AI-driven hybr...
Earnings Call Insights: AudioCodes (AUDC) Q1 2026 Management view Revenue and margin commentary emphasized the company’s positioning shift, with CEO Shabtai Adlersberg framing Q1 as execution on a transformation: "I'm pleased to report solid first quarter results, reflecting continued effective execution against our strategic priorities as we continue our transformation into a voice AI-driven hybrid cloud software and services company" (Co-Founder, President, CEO & Director Shabtai Adlersberg). He highlighted that Live Managed Services and Voice AI were the “two primary growth engines,” saying: "Combined, these two units contributed to $80 million annual recurring revenue exit first quarter '26, growing nearly 20% year-over-year" (CEO Adlersberg). Segment and product traction was positioned as increasingly software-led: "conversational AI business grew above 50% and accounted in the first quarter for roughly 8% of revenue" (CEO Adlersberg). He also cited enterprise concentration and Microsoft performance: "Enterprise revenues accounted for over 90% of revenues in the quarter" and "the Microsoft business, which grew 6% year-over-year" (CEO Adlersberg). Backlog and pipeline visibility were used to support near-term revenue conversion expectations: "We exited first quarter '26 backlog with backlog at $79 million compared to $67 million from the year ago period" (CEO Adlersberg). He also linked optimism to Live platform wins and GenAI demand: "We are growing ever more optimistic about the continued strong annual recurring revenue momentum and growth prospects for the overall company" (CEO Adlersberg). The CFO emphasized capital returns and reiterated full-year guidance: "During the quarter, we acquired 1.7 million of our ordinary shares for a total consideration of approximately $13.7 million" (CFO & VP of Finance Niran Baruch) and "We reiterate our guidance for revenues for 2026 to be in the range of $247 million to $255 million and non-GAAP earnings per diluted share ...
July ICE NY cocoa (CCN26 ) today is up +218 (+5.61%), and July ICE London cocoa #7 (CAN26 ) is up +3.94 (+14.66%). Cocoa prices are surging today and posted 2.75-month highs. Early surveys of the 2026/27 West African cocoa crop indicate below-average cherelle formation on cocoa trees, signaling a...
July ICE NY cocoa (CCN26 ) today is up +218 (+5.61%), and July ICE London cocoa #7 (CAN26 ) is up +3.94 (+14.66%). Cocoa prices are surging today and posted 2.75-month highs. Early surveys of the 2026/27 West African cocoa crop indicate below-average cherelle formation on cocoa trees, signaling a...
Russian pavilion to stay closed as outcry over Israel’s inclusion also grows – but nesting seagull provides some light relief The 61st Venice Biennale vernissage began on Tuesday under grey clouds and rain showers, as political tension, parties and protest dominated proceedings at one of the art world’s biggest events. Lubaina Himid, the British entrant, who has spent a career creating work that p...
Russian pavilion to stay closed as outcry over Israel’s inclusion also grows – but nesting seagull provides some light relief The 61st Venice Biennale vernissage began on Tuesday under grey clouds and rain showers, as political tension, parties and protest dominated proceedings at one of the art world’s biggest events. Lubaina Himid, the British entrant, who has spent a career creating work that picks at her country’s colonial past, took over the UK’s pavilion with her large-scale paintings and sound collage that recalls a “ perfect British summer’s day ”. Continue reading...
Investors are piling into municipal bonds at the fastest rate in five years, drawn by attractive yields and the promise of a safe harbor from recent market volatility. Net inflows into funds focused on state and local government debt totaled roughly $22.3 billion in the first four months of the year, the most for the period since 2021, according to data from LSEG Lipper Global Fund Flows. April ma...
Investors are piling into municipal bonds at the fastest rate in five years, drawn by attractive yields and the promise of a safe harbor from recent market volatility. Net inflows into funds focused on state and local government debt totaled roughly $22.3 billion in the first four months of the year, the most for the period since 2021, according to data from LSEG Lipper Global Fund Flows. April marked the fourth straight month of inflows, as well as the muni market’s best performance for that month in over a decade, as investors found their footing following a stretch of war-fueled market turbulence. Read more: Rebound From War Swoon Fuels Best April for Munis Since 2014 “Even when there was a lot of volatility in March, the investor base saw our asset class as a safe haven, and on top of that as a place of attractive yield,” said Dora Lee , director of research for Belle Haven Investments. “Our calendar hasn’t really let up despite the volatility and it is speaking to this very strong investor demand that does not seem to be abating.” The yield-to-worst on the muni index stands at 3.69%, which is a taxable equivalent yield of just over 6%, according to Jason Appleson , head of municipal bonds at PGIM Fixed Income. By comparison, US 10-year Treasuries yield around 4.4%. At the same time, munis have been comparatively placid compared to other markets, such as stocks: the S&P 500’s recent run to all-time highs follows a volatile stretch spurred by surging oil prices and other concerns related to the Iran war. The asset class is also a destination for those worried that equities will not be able to sustain their record run, said Chris Brigati , chief investment officer at SWBC Investment Services. “There are some concerns about AI and the ability for the market to keep driving higher,” he said. “You can see investors pulling some chips off the equity table and putting it into fixed income and municipals with relatively attractive absolute levels.” The demand for munis ...
Panama’s foreign minister has called on a group of opposition lawmakers visiting China to deliver a firm message defending the country’s sovereignty, as tensions over a wave of detentions of Panamanian-flagged vessels show no signs of easing. Javier Martinez-Acha Vasquez said on Monday that the lawmakers should relay a clear message to their Chinese counterparts on Panama’s behalf. “I can only sug...
Panama’s foreign minister has called on a group of opposition lawmakers visiting China to deliver a firm message defending the country’s sovereignty, as tensions over a wave of detentions of Panamanian-flagged vessels show no signs of easing. Javier Martinez-Acha Vasquez said on Monday that the lawmakers should relay a clear message to their Chinese counterparts on Panama’s behalf. “I can only suggest that you convey that Panama respects China, but Panama first respects the Constitution of our...
A Spirit Airlines airplane at Baltimore Washington International Thurgood Marshall Airport (BWI) in Baltimore, Maryland, US, on Saturday, May 2, 2026. Daniel Heuer | Bloomberg | Getty Images Spirit Airlines ' more than three-decade run ended over the weekend , but on Tuesday it was just starting the monthslong process of dismantling the company after the biggest U.S. airline collapse in a generati...
A Spirit Airlines airplane at Baltimore Washington International Thurgood Marshall Airport (BWI) in Baltimore, Maryland, US, on Saturday, May 2, 2026. Daniel Heuer | Bloomberg | Getty Images Spirit Airlines ' more than three-decade run ended over the weekend , but on Tuesday it was just starting the monthslong process of dismantling the company after the biggest U.S. airline collapse in a generation. Spirit and its stakeholders were in bankruptcy court in White Plains, New York, to start that process, which will take months. The carrier filed a cumulative wind-down budget of around $217 million, though that number could change. The budget went out to February 2028. It included more than $52 million in employee costs through July and another more than $52 million for aircraft-related expenses. The airline had 59 Airbus A320s in service and 63 in storage, as well as 37 of the larger A321s in service, and 13 of them in storage, according to aviation-data firm Cirium. More than three-quarters of its fleet was leased. Spirit shut down operations after years of struggles, most recently from heavy debt loads and a surge in costs. Spirit's lawyer, Marshall Huebner of Davis Polk, told a bankruptcy court on Tuesday that the jump in jet fuel prices following the U.S.-Israel attacks on Iran in February left the carrier with no choice but to shut down. That added $100 million incremental costs for Spirit in March and April, he said. U.S. bankruptcy court in White Plains, N.Y. Leslie Josephs/CNBC Talks for a potential government bailout in the form of a $500 million loan that could have given the government an up to 90% stake in Spirit fell apart late last week, and the carrier officially shut down at 3 a.m. on Saturday. Spirit passengers scrambled to rebook reservations . American Airlines , JetBlue Airways , Southwest Airlines , United Airlines and others said they have flown tens of thousands of Spirit customers who were stranded by the collapse. Spirit had flown about 50,000 ...
Manchester City did not choke at Everton to hand Arsenal the advantage but it was another reminder the Premier League’s random qualities are still key For me Clive, it’s all about the Socratic paradox. The wisest man is the man who knows enough to know he knows nothing. I’ve always said that. Or never said it. Or only said it sometimes. One of those. Either way the Premier League title race could ...
Manchester City did not choke at Everton to hand Arsenal the advantage but it was another reminder the Premier League’s random qualities are still key For me Clive, it’s all about the Socratic paradox. The wisest man is the man who knows enough to know he knows nothing. I’ve always said that. Or never said it. Or only said it sometimes. One of those. Either way the Premier League title race could have been designed to prove that, in an age of thundering takes and mega-certainties, nobody actually has any idea what’s going on here. Manchester City’s draw at Everton on Monday night has already been described as The Moment. Advantage Arsenal. This is the consensus. On Tuesday morning, Rob Earnshaw was asked on Sky Sports if this is “the week the season will be decided” and replied: “ABSOLUTELY,” almost before the question had ended. And while you have to admire Rob Earnshaw’s sense of showmanship, there is still a large chance this might not actually be the case. Continue reading...
A Federal Aviation Administration flag flies at the Orville Wright Federal Building which houses the FAA headquarters, in Washington, June 2025. Kevin Carter | Getty Images A Federal Aviation Administration employee in New Hampshire was arrested for allegedly threatening to kill President Donald Trump, whom he criticized for the war against Iran, the U.S. attorney's office in Concord said Tuesday....
A Federal Aviation Administration flag flies at the Orville Wright Federal Building which houses the FAA headquarters, in Washington, June 2025. Kevin Carter | Getty Images A Federal Aviation Administration employee in New Hampshire was arrested for allegedly threatening to kill President Donald Trump, whom he criticized for the war against Iran, the U.S. attorney's office in Concord said Tuesday. Dean DelleChiaie , 35, who was arrested Monday, allegedly conducted internet searches on his government work computer in late January for terms that drew the attention of the U.S. Secret Service , according to the U.S. attorney's office. Those subjects included "how to get a gun into a federal facility, previous assassination attempts against the President, the percentage of the population that wants the President dead, and the phrase 'I am going to kill Donald John Trump,'" the office said. DelleChiaie admitted to the Secret Service in early February that he conducted those searches and that he owned three firearms, including one he kept in the safe of his Nashua, New Hampshire, home, the prosecutor's office said. Then, on April 21, "DelleChiaie allegedly used his personal email to transmit a threat across state lines to the White House's public facing email address," the office said Read more CNBC politics coverage Pirro reveals new Trump attack evidence; Cole Allen challenges 'suicide precautions' Bard President Botstein retiring after Jeffrey Epstein ties detailed Trump tells Congress hostilities in Iran 'have terminated' at war powers deadline Lutnick gets grilling on Nvidia chip sales to China in Sen. Chris Coons letter "In the email, which had as the subject 'Contact the President,' DelleChiaie stated, 'I, Dean DelleChiaie, am going neutralize/kill you — Donald John Trump — because you decided to kill kids — and say that it was War — when in reality — it is terrorism. God knows your actions and where you belong,'" the office said. DelleChiaie is charged with interst...
Scott Olson Shares of Robinhood Markets ( HOOD ) tumbled last week after the company issued a weaker-than-expected earnings report. We asked Seeking Alpha analysts Kenio Fontes , The J Thesis , and Tyler Wiedwald what they thought lay ahead for the fintech. Kenio Fontes : I believe a good comparison for understanding Robinhood’s ( HOOD ) future is to look at Nu Holdings’ ( NU ) thesis. Essentially...
Scott Olson Shares of Robinhood Markets ( HOOD ) tumbled last week after the company issued a weaker-than-expected earnings report. We asked Seeking Alpha analysts Kenio Fontes , The J Thesis , and Tyler Wiedwald what they thought lay ahead for the fintech. Kenio Fontes : I believe a good comparison for understanding Robinhood’s ( HOOD ) future is to look at Nu Holdings’ ( NU ) thesis. Essentially, it’s a story of customer base growth, customer base maturation, and efficiency. For example, the market tends to penalize the stock due to the volatility of transaction revenue, which fluctuates significantly because of crypto. But the customer base continues to grow, new revenue streams are surging, subscription penetration continues to rise, and so on. A significant portion of Robinhood’s ( HOOD ) user base consists of young people; in 10 years, there will be massive maturation among these customers. They will likely have been promoted at work, graduated from college, built up some wealth through investing (compounding), and, on top of that, their consumption needs will have increased significantly. In 10 years, Robinhood’s core generation may start thinking about retirement plans. They’ll spend more on credit cards and will need products like loans and insurance. This creates several potential opportunities for Robinhood. And because it’s a digital platform, there’s high operating leverage; i.e., the top line should continue to grow in the long term while maintaining a low “cost to serve.” In short, despite the short-term volatility and, of course, the uncertainties, and risks in HOOD’s business case, I believe Robinhood ( HOOD ) has a lot of potential, especially when we look at the years and decades ahead. The J Thesis : The crypto winter weighs on the company, with crypto-related transaction revenue declining 47% over the past 12 months. However, I am not in the camp that investors should worry too much. Why? The fintech achieved an all-time high in funded customers...
The following companies are expected to report earnings after hours on 05/05/2026. Visit our Earnings Calendar for a full list of expected earnings releases.Advanced Micro Devices, Inc. (AMD)is reporting for the quarter ending March 31, 2026. The computer company's consensus ear
The following companies are expected to report earnings after hours on 05/05/2026. Visit our Earnings Calendar for a full list of expected earnings releases.Advanced Micro Devices, Inc. (AMD)is reporting for the quarter ending March 31, 2026. The computer company's consensus ear
Conditions are not right for Bitcoin to mount a recovery above $100,000, according to Galaxy Digital Inc. (NASDAQ:GLXY) CEO Mike Novogratz. "It’s not my prediction that we break [$100,000] this year," Novogratz said on Galaxy Digital’s Q1 earnings call on...
Conditions are not right for Bitcoin to mount a recovery above $100,000, according to Galaxy Digital Inc. (NASDAQ:GLXY) CEO Mike Novogratz. "It’s not my prediction that we break [$100,000] this year," Novogratz said on Galaxy Digital’s Q1 earnings call on...
Getty Images By Eric Leininger Islamic finance has historically been characterized as a localized, regional subset of the global economy. However, recent data suggest a different trajectory. Moving through a period of growth, the industry surpassed $5 trillion in total global assets in 2024. Driven by an estimated 14.5% compound annual growth rate, total assets are now projected to reach $7.25 tri...
Getty Images By Eric Leininger Islamic finance has historically been characterized as a localized, regional subset of the global economy. However, recent data suggest a different trajectory. Moving through a period of growth, the industry surpassed $5 trillion in total global assets in 2024. Driven by an estimated 14.5% compound annual growth rate, total assets are now projected to reach $7.25 trillion by 2030. This anticipated expansion represents a systemic shift that global investors are starting to factor into their long-term strategies. Demographics and the Expansion of Sharia-Compliant Wealth At the core of this evolution is a rapidly growing, increasingly affluent global demographic. As the middle class expands across emerging markets, there's a surging grassroots demand for financial systems that strictly align with Sharia principles, which are centered around themes like equity, fairness, transparency, risk-sharing, and ownership/materiality. Islamic finance requires the elimination of excessive uncertainty ( Gharar ), the avoidance of speculation ( Maisir ) and the strict avoidance of interest ( Riba ). This preference is evident in the growing popularity of structures like Sukuk (Sharia-compliant financial certificates often referred to as “Islamic bonds”), where instead of traditional debt, funding is directed into the creation of physical infrastructure, renewable energy projects, and industrial manufacturing. These investments result in the acquisition of capital assets that provide measurable utility to the real economy, effectively transforming the traditional debtor-creditor relationship into a partnership-based model. The macroeconomic impact of a shift like this lies in the potential development of a massive, aggregated pool of Sharia-compliant capital. This capital would likely start to flow upward into wealth management, institutional investing, and sovereign wealth funds, providing the baseline liquidity that drives the industry's broader nee...
Discover how United Rentals (NYSE: URI) , a leading equipment‑rental consolidator, is turning scale, disciplined capital allocation, and rising free cash flow into long‑term potential, and why valuation now sits at the center of the debate. Watch the video below for the full discussion. *This video was published on April 24, 2026. Continue reading
Discover how United Rentals (NYSE: URI) , a leading equipment‑rental consolidator, is turning scale, disciplined capital allocation, and rising free cash flow into long‑term potential, and why valuation now sits at the center of the debate. Watch the video below for the full discussion. *This video was published on April 24, 2026. Continue reading