A company backed by US energy magnate Harry Sargeant III has moved to export Venezuelan crude to Asia as US sanctions ease, with oil prices soaring to near $100 a barrel amid escalating turmoil in the Middle East. North American Blue Energy Partners Inc. is loading nearly 1 million barrels for delivery into China, according to a document seen by Bloomberg. The cargo may be the first delivery of Ve...
A company backed by US energy magnate Harry Sargeant III has moved to export Venezuelan crude to Asia as US sanctions ease, with oil prices soaring to near $100 a barrel amid escalating turmoil in the Middle East. North American Blue Energy Partners Inc. is loading nearly 1 million barrels for delivery into China, according to a document seen by Bloomberg. The cargo may be the first delivery of Venezuelan oil to the Asian country since the US took control of the nation’s oil sales earlier this year. North American Blue Energy and a representative for Sargeant, who holds a minority stake in the company, didn’t immediately respond to requests for comment. The Trump administration is taking steps to ease sanctions against Venezuela following the capture of former president Nicolas Maduro in January. Last month, the US opened the doors for some traders and refineries to buy oil directly from state oil company Petroleos de Venezuela SA . The privilege to purchase supplies had been restricted to Vitol Group and Trafigura Group , the commodity trading companies enlisted by the US to help sell as much as 50 million barrels of oil. Sludgy Venezuelan oil can help replace some of the heavy production from Iraq that’s been impacted since the start of the Iran war. The conflict, which has upended global flows, may provide an outlet for the millions of barrels of Venezuelan crude currently sitting in storage tanks in the Caribbean. North American Blue Energy’s oil is currently loading onto the tanker Skage, the document shows. It’s expected to take 950,000 barrels of Merey 16 oil, one of Venezuela’s primary crude grades, for delivery to the port of Qingdao, in China.
MarkusBeck/iStock via Getty Images Valaris ( VAL ) +3.7% in Monday's trading, as shares of offshore drilling contractors rise broadly alongside crude oil prices, even as BTIG Research downgraded Valaris to Neutral from Buy, as the company's stock price has climbed 40% since the announcement one month ago of Transocean's ( RIG ) $5.8B acquisition offer that would create the world's l argest offshor...
MarkusBeck/iStock via Getty Images Valaris ( VAL ) +3.7% in Monday's trading, as shares of offshore drilling contractors rise broadly alongside crude oil prices, even as BTIG Research downgraded Valaris to Neutral from Buy, as the company's stock price has climbed 40% since the announcement one month ago of Transocean's ( RIG ) $5.8B acquisition offer that would create the world's l argest offshore floater fleet. The combined pro forma entity will have ~42 floating rigs, giving Transocean ( RIG ) the world's largest floater fleet, and Valaris' ( VAL ) 31 jackups will re-enter the company into the jackup market; while Transocean likely will divest some jackups over the longer term, management noted on its recent earnings conference call that it is excited about adding jackups ahead of the expected offshore activity pickup, BTIG analyst Gregory Lewis said. The timing of the acquisition largely revolves around an anticipated pickup in offshore activity, Lewis wrote, expecting improving market conditions to begin materializing in late 2026 or early 2027, "one of the key reasons we believe VAL was willing to accept RIG stock and helps explain why both stocks have reacted positively following the announcement." Lewis said he remains positive on the acquisition for both parties and sees upside for Transocean ( RIG ) shares, but the recent rally in Valaris' ( VAL ) share price leads him to believe much of the upside for the company is now baked in. More on Valaris and Transocean Transocean And Valaris Are Making A Great Move By Joining Forces Transocean: Valaris Acquisition Is A Major Positive, But Valuation Limits Upside Transocean: Backlog Is Still Critical
After a historic bull run between 2023 and 2025, the technology sector has taken it in the shins so far this year. In particular, software stocks have been plummeting relative to broader indexes like the S&P 500 and Nasdaq Composite. With the way things are trending, the "SaaSpocalypse" doesn't appear to have an end in sight. But based on the forces driving enterprise software stock down now, is t...
After a historic bull run between 2023 and 2025, the technology sector has taken it in the shins so far this year. In particular, software stocks have been plummeting relative to broader indexes like the S&P 500 and Nasdaq Composite. With the way things are trending, the "SaaSpocalypse" doesn't appear to have an end in sight. But based on the forces driving enterprise software stock down now, is this an opportunity to buy the dip or a sign to run for the hills? Agentic plugins are crushing software-as-a-service models The main catalyst for the recent decline in software-as-a-service (SaaS) stocks has come from artificial intelligence (AI) start-up Anthropic. Anthropic has developed a large language model (LLM) called Claude, much like OpenAI's ChatGPT. Over the last month, Anthropic has released a number of tools within its enterprise ecosystem, called Cowork. Within Claude Cowork, Anthropic offers tools spanning workplace productivity, customer relationship management (CRM), coding, project management, human resources, finance operations, and more. The value proposition of Cowork is that it is designed to provide its users with an autonomous virtual workforce. In other words, once Claude has been handed a broad job, a human will not need to manually prompt it to perform the individual tasks that are part of it. Rather, these new models leverage agentic AI capabilities to interact directly with operating systems and data sets to complete workflows. Is Anthropic's Claude going to replace enterprise software? Since Anthropic released Cowork in mid-January, a number of high-profile SaaS stocks have cratered. Broadly speaking, SaaS stocks have commanded valuation premiums due to the predictable, high-margin nature of their businesses. However, Claude Cowork is single-handedly disrupting this narrative. Companies such as Palantir Technologies (PLTR 1.83%), Salesforce, Intuit, Workday, and CrowdStrike spent decades building high barriers to entry in their respective SaaS ...
Key Points Anthropic's Claude Cowork plugins leverage agentic AI to complete tasks that have previously been performed by human workers. The advanced capabilities of Cowork mimic many of those found in legacy enterprise software platforms. Investors are worried that Claude poses an existential threat to once-dominant software businesses. 10 stocks we like better than Palantir Technologies › After ...
Key Points Anthropic's Claude Cowork plugins leverage agentic AI to complete tasks that have previously been performed by human workers. The advanced capabilities of Cowork mimic many of those found in legacy enterprise software platforms. Investors are worried that Claude poses an existential threat to once-dominant software businesses. 10 stocks we like better than Palantir Technologies › After a historic bull run between 2023 and 2025, the technology sector has taken it in the shins so far this year. In particular, software stocks have been plummeting relative to broader indexes like the S&P 500 and Nasdaq Composite. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » With the way things are trending, the "SaaSpocalypse" doesn't appear to have an end in sight. But based on the forces driving enterprise software stock down now, is this an opportunity to buy the dip or a sign to run for the hills? Agentic plugins are crushing software-as-a-service models The main catalyst for the recent decline in software-as-a-service (SaaS) stocks has come from artificial intelligence (AI) start-up Anthropic. Anthropic has developed a large language model (LLM) called Claude, much like OpenAI's ChatGPT. Over the last month, Anthropic has released a number of tools within its enterprise ecosystem, called Cowork. Within Claude Cowork, Anthropic offers tools spanning workplace productivity, customer relationship management (CRM), coding, project management, human resources, finance operations, and more. The value proposition of Cowork is that it is designed to provide its users with an autonomous virtual workforce. In other words, once Claude has been handed a broad job, a human will not need to manually prompt it to perform the individual tasks that are part of it. Rather, these new models leverage agentic AI capabil...
Bruce Bond, co-founder & CEO at Innovator ETFs, joins Katie Greifeld, Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss whether buffer ETFs offer better value for investors and his recent $2 billion deal with Goldman Sachs. (Source: Bloomberg)
Bruce Bond, co-founder & CEO at Innovator ETFs, joins Katie Greifeld, Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss whether buffer ETFs offer better value for investors and his recent $2 billion deal with Goldman Sachs. (Source: Bloomberg)
In trading on Monday, shares of Hub Group, Inc. (Symbol: HUBG) crossed below their 200 day moving average of $38.16, changing hands as low as $36.98 per share. Hub Group, Inc. shares are currently trading off about 2.8% on the day. The chart below shows the one year performance of HUBG shares, versus its 200 day moving average: Looking at the chart above, HUBG's low point in its 52 week range is $...
In trading on Monday, shares of Hub Group, Inc. (Symbol: HUBG) crossed below their 200 day moving average of $38.16, changing hands as low as $36.98 per share. Hub Group, Inc. shares are currently trading off about 2.8% on the day. The chart below shows the one year performance of HUBG shares, versus its 200 day moving average: Looking at the chart above, HUBG's low point in its 52 week range is $30.75 per share, with $53.26 as the 52 week high point — that compares with a last trade of $37.97. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Team Ukraine have hit the ground running at the Winter Paralympics, standing second in the medal table after three days of competition. Their resolve and determination has been inspirational to many, but one athlete has revealed a secret weapon in their search for a competitive edge: using ChatGPT as a coach. Maksym Murashkovskyi won silver in the men’s visually impaired biathlon on Sunday and he ...
Team Ukraine have hit the ground running at the Winter Paralympics, standing second in the medal table after three days of competition. Their resolve and determination has been inspirational to many, but one athlete has revealed a secret weapon in their search for a competitive edge: using ChatGPT as a coach. Maksym Murashkovskyi won silver in the men’s visually impaired biathlon on Sunday and he did not miss a shot. He has also been working with OpenAI’s large language model for six months, using artificial intelligence not just for coaching advice but psychological and health guidance too. “For the past six months, I have been training with ChatGPT,” Murashkovskyi said after his victory. “It was not only tactics. It was half of my training plan, motivation, etcetera. So it was a huge volume of all of my training. I used it as a psychologist, coach and, sometimes, as a doctor.” Murashkovskyi was remarkably composed after coming second so comfortably in only his second Paralympic race. “I know it sounds strange, but I have been preparing for this race for many years, so it is what it is,” he said, though how much of his calm was down to ChatGPT he did not say. The 25-year-old argued that AI allowed him to train in new ways. “I believe in it, it is a revolutionary technology,” he said, adding that it had replaced what he called “classical” training “as I’ve always done, with humans”. AI has been deployed in the conflict in Ukraine, used to find targets and analyse satellite footage, something Murahskovskyi acknowledged. “Unfortunately, you see it in the military sphere too, and in bad spheres,” he said. “But it’s like with chemistry or biology, someone can use it for something good, someone can use it for something bad. I use it for learning, for languages, for some of my projects, in chemistry, biology and sports.” Ukraine have 10 medals so far at the Paralympic Games. He will compete again in the visually impaired cross country skiing competition on Tuesday, with t...
In trading on Monday, shares of Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL (Symbol: BAC.PRN) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.74 on the day. This compares to an average yield of 6.56% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of la...
In trading on Monday, shares of Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL (Symbol: BAC.PRN) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.74 on the day. This compares to an average yield of 6.56% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, BAC.PRN was trading at a 16.16% discount to its liquidation preference amount, versus the average discount of 10.83% in the "Financial" category. Investors should keep in mind that the shares are not, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. Below is a dividend history chart for BAC.PRN, showing historical dividend payments on Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL : In Monday trading, Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL (Symbol: BAC.PRN) is currently off about 0.4% on the day, while the common shares (Symbol: BAC) are off about 3.1%. Click here to find out the 50 highest yielding preferreds » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The S & P is lower on Monday but trading well off its worst levels of the session. The Nasdaq even fought into slightly positive territory. Selling pressure in equities eased as the surge in oil prices cooled, further demonstrat...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The S & P is lower on Monday but trading well off its worst levels of the session. The Nasdaq even fought into slightly positive territory. Selling pressure in equities eased as the surge in oil prices cooled, further demonstrating how crude has become an important gauge for investors during the Iran war. West Texas Intermediate crude retreated from roughly $119 per barrel late Sunday to about $100 at the market open, before sliding further to around $95 by the afternoon. Several developments helped push oil back below $100. Reuters reported that the Trump administration is reviewing options to stabilize the market, including coordinating with fellow Group of Seven countries on a potential release of strategic oil reserves and temporarily easing certain requirements under the Jones Act, which requires ships that transport goods between U.S. ports be American made, owned and crewed. These are steps in the right direction, but it remains to be seen how effective these countermeasures will be in offsetting the supply disruptions from barrels coming offline from Gulf State countries and the uncertainty surrounding shipments through the Strait of Hormuz. On volatile days like Monday, it can be especially helpful to look underneath the hood of the index and see what the market's winners and losers are saying. Financials, consumer discretionary, and materials were the worst-performing sectors in the S & P 500 on Monday, and their weakness alongside rising oil prices makes sense. Higher crude prices typically translate into higher gasoline prices, and when it becomes more expensive to fill up the tank, consumers have less money left over for discretionary spending. In the consumer-led U.S. economy, that puts pressure on growth, and all three of those sectors are considered economically sensitive. It is no...
In trading on Monday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series H (TSX: ENB-PRH.TO ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.528), with shares changing hands as low as $23.34 on the day. As of last close, ENB.PRH was trading at a 5.28% discount to its liquidation preference amount. It should be noted that the preferred shar...
In trading on Monday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series H (TSX: ENB-PRH.TO ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.528), with shares changing hands as low as $23.34 on the day. As of last close, ENB.PRH was trading at a 5.28% discount to its liquidation preference amount. It should be noted that the preferred shares are The chart below shows the one year performance of ENB.PRH shares, versus ENB: Below is a dividend history chart for ENB.PRH, showing historical dividend payments on Enbridge Inc's Cumulative Redeemable Preference Shares, Series H: In Monday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series H (TSX: ENB-PRH.TO) is currently down about 1.4% on the day, while the common shares (TSX: ENB.TO) are off about 0.2%. Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
After a high-profile antitrust lawsuit, the U.S. Justice Department said Monday that it has tentatively settled with Ticketmaster and its parent company, Live Nation. After merging in 2010, the combined Live Nation and Ticketmaster control the majority of ticket sales and venue bookings in the U.S., leaving talent little choice but to work with these companies. Customers have been fed up for years...
After a high-profile antitrust lawsuit, the U.S. Justice Department said Monday that it has tentatively settled with Ticketmaster and its parent company, Live Nation. After merging in 2010, the combined Live Nation and Ticketmaster control the majority of ticket sales and venue bookings in the U.S., leaving talent little choice but to work with these companies. Customers have been fed up for years with dynamic pricing issues that can drive up ticket costs by thousands of dollars (often without consulting the artists), as well as the process of buying tickets — the sales for Taylor Swift’s Eras tour were so widely aggravating that they triggered government scrutiny. According to the AP, the settlement would have Live Nation pay a fine of up to $280 million and divest at least 13 venues to give competitors more opportunity. But several states’ Attorneys General involved in the lawsuit are not appeased by the settlement. “The settlement recently announced with the U.S. Department of Justice fails to address the monopoly at the center of this case, and would benefit Live Nation at the expense of consumers,” New York Attorney General Letitia James said in a statement. “We cannot agree to it.” Twenty-six out of thirty state attorneys general who sued the company alongside the DOJ chose to join Attorney General James in continuing the lawsuit against Live Nation. Washington Attorney General Nick Brown also said that the settlement “does not adequately remedy” the issue for concertgoers. “For too long, Live Nation has raked in billions from a monopoly that has made it harder for consumers to see the artists they love, stifled artists, and increased the price of tickets for countless music fans,” he said. The trial had gone on for less than a week by the time the DOJ and Live Nation agreed to this settlement. However, some interesting testimonies emerged during the trial. John Abbamondi, former CEO of the NBA’s Brooklyn Nets and the Barclays Center (where the Nets play), spo...
In trading on Monday, shares of Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.83 on the day. This compares to an average yield of 6.19% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . As of last cl...
In trading on Monday, shares of Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.83 on the day. This compares to an average yield of 6.19% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . As of last close, GAB.PRH was trading at a 15.84% discount to its liquidation preference amount, versus the average discount of 15.94% in the "ETFs & CEFs" category. Below is a dividend history chart for GAB.PRH, showing historical dividend payments on Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock : In Monday trading, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) is currently off about 0.6% on the day, while the common shares (Symbol: GAB) are off about 0.8%. Click here to find out the 50 highest yielding preferreds » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Monday, shares of Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A (Symbol: EQH.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $20.18 on the day. This compares to an average yield of 7.03% in the "Insurance Brokers" preferred stock category, according to Pr...
In trading on Monday, shares of Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A (Symbol: EQH.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $20.18 on the day. This compares to an average yield of 7.03% in the "Insurance Brokers" preferred stock category, according to Preferred Stock Channel . As of last close, EQH.PRA was trading at a 18.40% discount to its liquidation preference amount, versus the average discount of 17.64% in the "Insurance Brokers" category. Investors should keep in mind that the shares are not, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of EQH.PRA shares, versus EQH: Below is a dividend history chart for EQH.PRA, showing historical dividend payments on Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A : In Monday trading, Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A (Symbol: EQH.PRA) is currently down about 0.1% on the day, while the common shares (Symbol: EQH) are off about 2.8%. Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Tuesday, shares of KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (Symbol: KEY.PRK) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $21.60 on the day. This compares to an average yield of 6.52% in the "Financial" preferred stock category, according to Preferred Stock Channe...
In trading on Tuesday, shares of KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (Symbol: KEY.PRK) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $21.60 on the day. This compares to an average yield of 6.52% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, KEY.PRK was trading at a 12.20% discount to its liquidation preference amount, versus the average discount of 7.72% in the "Financial" category. Investors should keep in mind that the shares are not, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of KEY.PRK shares, versus KEY: Below is a dividend history chart for KEY.PRK, showing historical dividend payments on KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G : In Tuesday trading, KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (Symbol: KEY.PRK) is currently off about 1.6% on the day, while the common shares (Symbol: KEY) are down about 0.7%. Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Thursday, shares of State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G (Symbol: STT.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3372), with shares changing hands as low as $22.20 on the day. This compares to an average yield of 7.01% in the "Financial" preferred stock category, according to Preferr...
In trading on Thursday, shares of State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G (Symbol: STT.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3372), with shares changing hands as low as $22.20 on the day. This compares to an average yield of 7.01% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, STT.PRG was trading at a 10.32% discount to its liquidation preference amount, versus the average discount of 14.46% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. Below is a dividend history chart for STT.PRG, showing historical dividend payments on State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G : In Thursday trading, State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G (Symbol: STT.PRG) is currently up about 1% on the day, while the common shares (Symbol: STT) are up about 0.5%. Click here to find out the 50 highest yielding preferreds » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.