Suphanat Khumsap Rising optimism surrounding a potential diplomatic breakthrough between the United States and Iran placed renewed focus on the Strait of Hormuz early Wednesday, as traders monitored signs of easing geopolitical tensions in the Middle East. Reports indicate Washington and Tehran are nearing a one-page memorandum of understanding aimed at de-escalating the conflict between the two n...
Suphanat Khumsap Rising optimism surrounding a potential diplomatic breakthrough between the United States and Iran placed renewed focus on the Strait of Hormuz early Wednesday, as traders monitored signs of easing geopolitical tensions in the Middle East. Reports indicate Washington and Tehran are nearing a one-page memorandum of understanding aimed at de-escalating the conflict between the two nations. The development sparked a shift in market expectations regarding global shipping activity through the strategically critical waterway, which handles a significant share of the world’s oil flows. On prediction platform Kalshi, traders increased the probability that traffic through the Strait of Hormuz will normalize before July 1. Current market pricing now reflects roughly even odds that shipping conditions will return to normal levels within the coming months, signaling improving investor confidence. Outlined below are what traders on Kalshi are projecting as it pertains to when the strait will return to normal: Before May 15, 2026 — 6.9% chance. Before June 1, 2026 — 22% chance. Before July 1, 2026 — 51% chance. Before August 1, 2026 — 61% chance. Before September 1, 2026 — 68% chance. Before October 1, 2026 — 71% chance. Before January 1, 2027 — 80% chance. Before April 1, 2027 — 83% chance. Before July 1, 2027 — 91% chance. S&P 500 ETFs: ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( FXAIX ), ( VFIAX ), ( VFFSX ), and ( SWPPX ). Oil ETFs: ( USO ), ( UCO ), ( DBO ), ( OILK ), and ( USL ). Natural Gas ETFs: ( UNG ), ( BOIL ), and ( UNL ). Energy ETFs: ( XLE ), ( VDE ), ( XOP ), ( OIH ), ( AMLP ), and ( IXC ). More on markets Samsung joins the $1 trillion club as Apple chip talks spark rally Chip stocks post best 25-day stretch since 2000, and these 10 names are standing out ETF inflows surge: U.S. funds pull in $174B in April as equity demand accelerates Elon Musk vs. OpenAI case: Prediction markets turn bearish on Musk S&P 500...
PM Images/DigitalVision via Getty Images The trade war may be backfiring Next week marks an interesting data point and headline for the market ( SPY )( QQQ )( DIA )( VOO )( IVV ), as the first refunds of the Trump tariffs start to wire to recipients. It's already been reported that the CAPE, U.S. Customs and Border Patrol [CBP] tariff refund portal is e xperiencing problems due to a high volume of...
PM Images/DigitalVision via Getty Images The trade war may be backfiring Next week marks an interesting data point and headline for the market ( SPY )( QQQ )( DIA )( VOO )( IVV ), as the first refunds of the Trump tariffs start to wire to recipients. It's already been reported that the CAPE, U.S. Customs and Border Patrol [CBP] tariff refund portal is e xperiencing problems due to a high volume of new sign-ups: Rick Woldenberg, CEO of educational toy maker Learning Resources, told CBS News he received an error message when the company tried to file a claim for a tariff refund using the new Consolidated Administration and Processing of Entries, or CAPE, platform. "The system is currently experiencing high volume, please try again later," the message stated. Many small businesses and large ones were affected by the tariffs, but all will eat up the same bandwidth. The many small businesses that rely on imports to make their business run are going to be eager to get some payback that may just help keep them solvent. Refunds First refunds of Trump tariffs to start as early as May 12, customs agency says: The estimated start date for Automated Clearing House payments was disclosed in a message to shippers announcing the availability of status reports that allow claimants to monitor the processing status of their refunds. In a Court of International Trade order last week, the agency was expected to start refunds around May 11. No reason was given for the date change. Up to $166 billion of CBP collections from Trump's tariffs imposed under the International Emergency Economic Powers Act are subject to CBP refunds. The Supreme Court ruled that Trump overstepped his authority in using the 1977 sanctions law to impose tariffs. Some other figures believe up to $175 billion could be due in refunds. I'll use a rough average of $170 billion throughout the article [mid point between the two numbers]. Trump Tries to Entice the Mega Companies While Trump mentioned that...
HOBOKEN, N.J., May 06, 2026--Wiley (NYSE: WLY), a global leader in authoritative content and research intelligence, today announced the appointment of Jessica Kowalski as Executive Vice President and General Manager, Research, effective May 11, 2026. She succeeds Jay Flynn, who shaped Wiley’s Research business during his tenure and is leaving the company. Kowalski joins Wiley from Microsoft, bring...
HOBOKEN, N.J., May 06, 2026--Wiley (NYSE: WLY), a global leader in authoritative content and research intelligence, today announced the appointment of Jessica Kowalski as Executive Vice President and General Manager, Research, effective May 11, 2026. She succeeds Jay Flynn, who shaped Wiley’s Research business during his tenure and is leaving the company. Kowalski joins Wiley from Microsoft, bringing more than two decades of experience leading knowledge, data, research publishing, and AI-enabled
RICHMOND, Va., May 06, 2026--Medalist Diversified, Inc. (NASDAQ: MDRR) ("Medalist" or the "Company") today announced its Delaware Statutory Trust ("DST") sponsor platform, operated through its wholly-owned subsidiary, MDRR Sponsor TRS, LLC (the "Sponsor"). Medalist, through the Sponsor, provides a publicly-traded platform to accredited 1031 exchange investors and their advisors, featuring SEC-repo...
RICHMOND, Va., May 06, 2026--Medalist Diversified, Inc. (NASDAQ: MDRR) ("Medalist" or the "Company") today announced its Delaware Statutory Trust ("DST") sponsor platform, operated through its wholly-owned subsidiary, MDRR Sponsor TRS, LLC (the "Sponsor"). Medalist, through the Sponsor, provides a publicly-traded platform to accredited 1031 exchange investors and their advisors, featuring SEC-reporting transparency, independent board governance and third-party due diligence on every offering.
BEIJING, May 06, 2026 (GLOBE NEWSWIRE) -- Global Mofy AI Limited (the “Company” or “Global Mofy”) (Nasdaq: GMM), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets, today announced that its U.S. subsidiary, Eaglepoint AI Inc. (“Eaglepoint AI”), has been officially selected for the NVIDIA Inception Program. This select...
BEIJING, May 06, 2026 (GLOBE NEWSWIRE) -- Global Mofy AI Limited (the “Company” or “Global Mofy”) (Nasdaq: GMM), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets, today announced that its U.S. subsidiary, Eaglepoint AI Inc. (“Eaglepoint AI”), has been officially selected for the NVIDIA Inception Program. This selection marks further recognition from the international industry ecosystem of Eaglepoint AI’s capabilit
Company Sees Record-Breaking Audience Growth in Key Platforms BOCA RATON, FL / ACCESS Newswire / May 6, 2026 /Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced a major milestone in its digital expansion, surpassing 25 million followers ...
Company Sees Record-Breaking Audience Growth in Key Platforms BOCA RATON, FL / ACCESS Newswire / May 6, 2026 /Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced a major milestone in its digital expansion, surpassing 25 million followers ...
Corning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x U.S.-based glass company Corning soared in premarket trading in New York after announcing a new mega deal with Nvidia to expand manufacturing capacity for fiber optic production used in AI data centers. " Corning will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand its U.S. fiber pro...
Corning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x U.S.-based glass company Corning soared in premarket trading in New York after announcing a new mega deal with Nvidia to expand manufacturing capacity for fiber optic production used in AI data centers. " Corning will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand its U.S. fiber production capacity by more than 50% to meet the accelerating demand driven by AI factory buildouts ," Nvidia wrote in a press release. The expansion includes three new manufacturing plants in North Carolina and Texas and is expected to create more than 3,000 high-paying U.S. jobs. In a filing, Corning disclosed that Nvidia is making a $500 million equity-linked investment. Under the deal, Corning issued Nvidia two warrants: Traditional warrant: Nvidia can buy up to 15 million Corning shares at $180 per share. Pre-funded warrant: Nvidia can buy up to 3 million Corning shares at a nominal exercise price of $0.0001 per share. Both warrants are exercisable immediately and expire within three years, unless earlier triggered by the termination of the partnership agreement or a major M&A transaction. Nvidia noted, "Corning's expanded capacity will supply the optical connectivity hyperscale data centers use to deploy NVIDIA-accelerated computing at scale." In premarket trading, Nvidia shares are up 2.4%, while Corning shares are ripping higher, up 20%. The Corning-Nvidia deal to expand fiber-optic production to supply data centers comes as hyperscalers are set to spend $700 billion this year alone on data center buildouts. UBS trader Robert Ruple told clients last week that "there was a mixed bag of hyperscaler prints that leaned generally constructive and nothing he would call out that really shifts the narrative. Most critical was that Microsoft, Alphabet, and META all lifted capex forecasts, which should be enough to keep the AI thesis in play." Read the full note here. However, w...
(RTTNews) - HNI Corporation (HNI) reported a first quarter net loss attributable to HNI of $38.8 million compared to profit of $13.9 million, last year. Loss per share was $0.55 compared to profit of $0.29. Adjusted EPS was $0.34 compared to $0.44.
(RTTNews) - HNI Corporation (HNI) reported a first quarter net loss attributable to HNI of $38.8 million compared to profit of $13.9 million, last year. Loss per share was $0.55 compared to profit of $0.29. Adjusted EPS was $0.34 compared to $0.44.
Deja Vu All Over Again: Futures Surge, Oil Tumbles On Iran Deal Optimism, Tech Rally US equity futures are up big this morning and making fresh all time highs, led by tech companies, while oil prices and bond yields fell sharply on optimism that the US and Iran are nearing a peace deal. As of 8:00am Nasdaq 100 futures jumped 1.7% while those for the S&P 500 gained 1%, with both gauges set to build...
Deja Vu All Over Again: Futures Surge, Oil Tumbles On Iran Deal Optimism, Tech Rally US equity futures are up big this morning and making fresh all time highs, led by tech companies, while oil prices and bond yields fell sharply on optimism that the US and Iran are nearing a peace deal. As of 8:00am Nasdaq 100 futures jumped 1.7% while those for the S&P 500 gained 1%, with both gauges set to build on record highs. Iran is evaluating a new proposal from the US to end their near 10-week war, according to an Axios report. If Tehran accepts the terms, it will lead to a gradual reopening of Hormuz and lifting of the American blockade on Iranian ports. Brent tanked 11% to below $98 a barrel. That comes as US gasoline prices topped $4.50 a gallon for the first time since July 2022. The yield on 10-year Treasuries dropped eight basis points to 4.35%. In the UK, the rate on two-year UK gilts tumbled 17 basis points. The dollar hit the lowest level since February, while gold topped $4,700 an ounce. Bitcoin rose for a seventh straight day. US economic data calendar slate includes April ADP employment change at 8:15am. Fed speaker slate includes Musalem (9:30am) and Goolsbee (1pm) In premarket, most Mag 7 names are higher: Alphabet (GOOGL) climbs 1.6% after the Information reported that AI startup Anthropic plans to spend about $200 billion with Google over five years (Amazon +1%, Apple -0.5%, Nvidia +2.5%, Meta +0.5%, Microsoft +0.1, Tesla +0.6%) Miners, cruise operators and airline companies gain, while energy and fertilizer stocks fall, after a report on the US and Iran nearing a one-page memorandum of understanding to end the war. Semiconductor, power equipment and data center stocks rally after solid results from Advanced Micro Devices and Super Micro — in a sign of robust end-to-end artificial intelligence-related demand. Advanced Micro Devices (AMD) rallies 19% after the chipmaker gave an outlook that is stronger than expected, a sign of robust AI-related demand. Alphate...
Carl Icahn's investment company Icahn Enterprises ( IEP ) said on Wednesday it has promoted CFO Ted Papapostolou to president and CEO, effective immediately. Papapostolou, who has been CFO since November 2021 and a director since December 2021, succeeds Andrew Teno, who has resigned as CEO and board member to relocate and pursue another opportunity closer to home. The company said Teno’s departure...
Carl Icahn's investment company Icahn Enterprises ( IEP ) said on Wednesday it has promoted CFO Ted Papapostolou to president and CEO, effective immediately. Papapostolou, who has been CFO since November 2021 and a director since December 2021, succeeds Andrew Teno, who has resigned as CEO and board member to relocate and pursue another opportunity closer to home. The company said Teno’s departure was not due to any disagreement. Papapostolou joined Icahn Enterprises in 2007 and has held several senior finance roles, including chief accounting officer. He also serves on the board of Caesars Entertainment ( CZR ). The company promoted Robert Flint to CFO, succeeding Papapostolou. Flint, who has served as chief accounting officer since 2023, was also appointed to the board. Chairman Carl Icahn thanked Teno for his contributions, while Teno said he leaves confident in the firm’s leadership and future. More on Icahn Enterprises Icahn Enterprises: Dividend Exceeds Dilution Risk Tracking Carl Icahn's 13F Report - Q4 2025 Update Icahn Enterprises L.P. 2025 Q4 - Results - Earnings Call Presentation Icahn Enterprises Q1 Earnings Preview Industrial names with highest dividend yield as investors navigate geopolitical uncertainty
(RTTNews) - While reporting financial results for the second quarter on Wednesday, gas utility Spire, Inc. (SR) now projects adjusted earnings from continuing operations in a range of $3.90 to $4.10 per share.
(RTTNews) - While reporting financial results for the second quarter on Wednesday, gas utility Spire, Inc. (SR) now projects adjusted earnings from continuing operations in a range of $3.90 to $4.10 per share.
Everyone knows Bill Gates’ Microsoft (NASDAQ:MSFT) story. The interesting position sits one line further down the Gates Foundation Trust’s 13F: Caterpillar (NYSE:CAT), the yellow-iron giant most investors still file under “old economy.” According to the most recent filing, the Bill & Melinda Gates Foundation Trust holds 6,353,614 shares of CAT, valued at $3,639,794,852, with sole ... Bill Gates Ow...
Everyone knows Bill Gates’ Microsoft (NASDAQ:MSFT) story. The interesting position sits one line further down the Gates Foundation Trust’s 13F: Caterpillar (NYSE:CAT), the yellow-iron giant most investors still file under “old economy.” According to the most recent filing, the Bill & Melinda Gates Foundation Trust holds 6,353,614 shares of CAT, valued at $3,639,794,852, with sole ... Bill Gates Owns Billions in This Secret AI Player Up Nearly 183% in a Year, and It’s Not Microsoft
Reach (LON:RCH) used its 2026 annual general meeting to outline progress on its strategy to diversify revenues beyond digital advertising, while also flagging continued headwinds from changes in online referral traffic and reaffirming full-year expectations. Chair highlights strategy and community
Reach (LON:RCH) used its 2026 annual general meeting to outline progress on its strategy to diversify revenues beyond digital advertising, while also flagging continued headwinds from changes in online referral traffic and reaffirming full-year expectations. Chair highlights strategy and community