Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year, as demand is forced to slow down to counter millions of barrels of supply losses caused by the US-Iran war. That’s one of the conclusions from a Bloomberg Intelligence survey that received 126 responses this month from asset managers and other energy market specialists. A majority of market p...
Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year, as demand is forced to slow down to counter millions of barrels of supply losses caused by the US-Iran war. That’s one of the conclusions from a Bloomberg Intelligence survey that received 126 responses this month from asset managers and other energy market specialists. A majority of market participants expect Brent to average $81 to $100 a barrel over the next 12 months. Almost two-thirds of respondents see oil carrying a lasting risk premium of $5 to $15 a barrel for years to come, with few expecting it to exceed $20. “This distribution suggests geopolitical risks are seen as persistent, but not as a fundamental reset of the longer-term price regime,” according to BI analysts including Salih Yilmaz and Will Hares . “Instead, respondents appear to assume that supply and demand will gradually rebalance, anchoring prices within a relatively stable range.” The survey identified “demand destruction” as the most likely mechanism to offset supply deficits over the next year, followed by rerouted trade flows, OPEC+ policy adjustments and releases from strategic reserves. Most respondents expect global supply disruptions to average 3 million to 7 million barrels a day, with few anticipating outages above 10 million. Now in its 12th week, the war in Iran has severely constrained traffic through the Strait of Hormuz, driving up global energy prices and inflation. Still, headline oil prices have remained relatively subdued despite signs of tightening physical supplies. The so-called call skew for West Texas Intermediate and Brent, or the premium traders pay for options betting on further price gains, has narrowed to its smallest level since before the conflict began in late February. Hedge funds also cut bullish positions to their lowest levels since that period. The moves point to a market that’s focused less on chasing upside and more on managing volatility. About a qu...
Agilent Technologies ( A ) declares $0.255/share quarterly dividend , in line with previous. Forward yield 0.9% Payable July 22; for shareholders of record June 30; ex-div June 30. The company has now announced a dividend of $0.255 for three consecutive quarters. See A Dividend Scorecard, Yield Chart, & Dividend Growth. More on Agilent Technologies Agilent Technologies, Inc. (A) Shareholder/Analys...
Agilent Technologies ( A ) declares $0.255/share quarterly dividend , in line with previous. Forward yield 0.9% Payable July 22; for shareholders of record June 30; ex-div June 30. The company has now announced a dividend of $0.255 for three consecutive quarters. See A Dividend Scorecard, Yield Chart, & Dividend Growth. More on Agilent Technologies Agilent Technologies, Inc. (A) Shareholder/Analyst Call Prepared Remarks Transcript Why Agilent Technologies Just Paid $950 Million For Biocare Medical Agilent Technologies, Inc. (A) Presents at TD Cowen 46th Annual Health Care Conference Transcript Agilent to acquire Biocare Medical for $950M, expanding pathology portfolio Earnings scoreboard: 32 of 50 companies posted earnings growth in latest week
In this article BABA 700-HK 9618-HK Follow your favorite stocks CREATE FREE ACCOUNT Nvidia founder and CEO Jensen Huang waves after a welcome ceremony for US President Donald Trump at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images Nvidia CEO Jensen Huang said the company has "largely conceded" China's artificial intelligence chip market to Huawei, ...
In this article BABA 700-HK 9618-HK Follow your favorite stocks CREATE FREE ACCOUNT Nvidia founder and CEO Jensen Huang waves after a welcome ceremony for US President Donald Trump at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images Nvidia CEO Jensen Huang said the company has "largely conceded" China's artificial intelligence chip market to Huawei, as U.S. export restrictions continue to reshape the global AI semiconductor landscape. Huang's comments came as Nvidia reported another blockbuster quarter, with revenue surging 85% to $81.62 billion from $44.06 billion a year earlier . The company also unveiled an $80 billion share buyback program and raised its dividend. However, China remained a key flashpoint. "The demand in China is quite large," Huang told CNBC's Sara Eisen . "Huawei is very, very strong. They had a record year, they'll likely, very likely, have an extraordinary year coming up, and their local ecosystem of chip companies are doing quite well, because we've evacuated that market." "We've really largely conceded that market to them," he added. The remarks underscore how Washington's tightening restrictions on advanced AI chip exports have accelerated Beijing's push toward semiconductor self-sufficiency. VIDEO 18:31 18:31 Watch CNBC's full interview with Nvidia CEO Jensen Huang The Chinese market once accounted for at least one-fifth of Nvidia's data center revenue. However, the company has effectively been shut out of the market after the Trump administration told Nvidia in April that it would need a license to export chips to China and to a handful of other countries. In the interview with CNBC, Huang struck a cautious tone on prospects for any near-term reopening of the Chinese market, saying Nvidia had told investors to "expect nothing" regarding approvals to sell advanced chips into the country. AI industry's 'five-layer cake' "I don't have any expectation, which is the reason why we put all of our ...
The latest report from Nvidia Corp. may have left its investors wanting more but it gave a jolt to the shares of a broad swath of Asian tech companies. Comments from Chief Executive Officer Jensen Huang bolstered the outlook for artificial intelligence, indicating additional sources of demand and new applications. He also touted prospects for so-called physical AI as humanoids and automated vehicl...
The latest report from Nvidia Corp. may have left its investors wanting more but it gave a jolt to the shares of a broad swath of Asian tech companies. Comments from Chief Executive Officer Jensen Huang bolstered the outlook for artificial intelligence, indicating additional sources of demand and new applications. He also touted prospects for so-called physical AI as humanoids and automated vehicles become more widespread. The comments coincided with a last-minute deal reached by Samsung Electronics Co. and its union to avert a strike, and preparations for a stock market listing by OpenAI — setting the stage for a 5.5% gain in a Bloomberg gauge of Asian chipmakers. “Jensen and Nvidia delivered another masterclass quarter with beats across the board and guidance coming in well above Street expectations,” Wedbush Securities Inc. analyst Dan Ives wrote in a note. The strong forecast brought “greater clarity on the company’s pipeline and backlog over the coming years.” Samsung’s shares jumped as much as 8% Thursday in Seoul while those of fellow memory chipmaker and Nvidia supplier SK Hynix Inc. climbed 12%. OpenAI investors SoftBank Group Corp. surged 20% in Tokyo. Shares of Nvidia suppliers Taiwan Semiconductor Manufacturing Co. and Hon Hai Precision Industry Co. gained around 3% each. Nvidia’s own shares were muted in late New York trading. The Nvidia chief’s physical AI push “has given investors a more concrete next chapter for the trade — moving the story beyond data centres and chips into robotics, automation and a hardware supply chain where Asia holds the keys,” said Hebe Chen , an analyst at Vantage Global Prime. That helped spark gains in shares of robotics-related firms, with South Korea’s LG Electronics Inc. and Hyundai Mobis Co. rising more than 20% each. Huang also talked up growing need for lower-end chips as overall computing levels skyrocket, which bodes positives for rivals and suppliers alike. Shares of chip designer MediaTek Inc. , a partner to Nvidi...
Without urgent intervention England faces water shortages of 5bn litres a day by 2055, peers tell government Rainwater harvesting, the use of grey water in homes and an urgent campaign to reduce water usage across society are vital to prevent water shortages of 5bn litres a day by 2055, the government has been told. Without intervention, England will face severe water shortages in the coming decad...
Without urgent intervention England faces water shortages of 5bn litres a day by 2055, peers tell government Rainwater harvesting, the use of grey water in homes and an urgent campaign to reduce water usage across society are vital to prevent water shortages of 5bn litres a day by 2055, the government has been told. Without intervention, England will face severe water shortages in the coming decades, as climate change-induced weather patterns, population growth and the expansion of industries such as water-intensive datacentres put excessive demand on supplies and endanger life, according to a House of Lords report published on Thursday. Changes to building regulations to require new homes to achieve a maximum water usage of 105 litres a person a day and accelerated grey water reuse. Nature-based solutions such as restoring peat bogs and reconnecting rivers to their natural flood plains to enhance water retention. An urgent awareness campaign for the whole of society to reduce water usage. A full environmental and economic assessment of drought to weigh the cost of inaction against the value of resilience. The rolling out of nature-based solutions more widely in urban and rural settings. Continue reading...
Deep in the bowels of the Natural History Museum, Kate Whittington is standing in front of the skeleton of a 23ft plesiosaur, one of prehistoric Earth’s most fearsome marine reptiles, explaining how it would eat us for dinner, were it still around today. “Its long neck allowed its head to get a head start on its body,” says the museum’s exhibition and interpretation manager. “So it could sneak up ...
Deep in the bowels of the Natural History Museum, Kate Whittington is standing in front of the skeleton of a 23ft plesiosaur, one of prehistoric Earth’s most fearsome marine reptiles, explaining how it would eat us for dinner, were it still around today. “Its long neck allowed its head to get a head start on its body,” says the museum’s exhibition and interpretation manager. “So it could sneak up on prey and grab it [with its mouth] before its body and flippers created a disturbance in the water.” The bones of this immense predator are among the centrepieces of Jurassic Oceans: Monsters of the Deep, an immersive exhibition showcasing fossils, casts and 3D-printed sculptures of the marine creatures that ruled the oceans while dinosaurs roamed the land more than 66m years ago. As we walk past ancient crocodile-like creatures and colossal squid tentacles, Marc Jones, the exhibition’s curator, is explaining what the world’s waters used to look like and, despite aeons passing, the parallels between ancient oceans and today’s deep blue depths. View image in fullscreen Kate Whittington, exhibition and interpretation manager at the Natural History Museum. Photograph: Lucie Goodayle/NHM Photo Unit “[In the Jurassic era], the sun was slightly dimmer, about 2% less powerful,” he says, “but the planet was much warmer, much more humid, because there was a lot more CO2 in the atmosphere.” That meant there were no permanent ice caps, so sea levels were higher, with more of the planet covered by water, he adds. Indeed, at the beginning of the Jurassic era, nearly all land was joined together in the supercontinent Pangaea, surrounded by a single global ocean known as Panthalassa. “Because that ocean was so vast and slow moving, circulation was limited in many places,” Jones says. Particularly well suited to these conditions were ammonites, a group of soft bodied, shell-dwelling creatures related to modern cephalopods such as octopus, squid and nautilus. “There’s evidence that squids...
PM Images/DigitalVision via Getty Images The iShares US Power Infrastructure ETF ( POWR ) is a passively managed exchange-traded fund designed to provide investors with diversified exposure to the broader power market, including electric utilities & power producers, equipment manufacturers, oil & gas producers, and construction & engineering, among other sectors. The strategy is largely tied to th...
PM Images/DigitalVision via Getty Images The iShares US Power Infrastructure ETF ( POWR ) is a passively managed exchange-traded fund designed to provide investors with diversified exposure to the broader power market, including electric utilities & power producers, equipment manufacturers, oil & gas producers, and construction & engineering, among other sectors. The strategy is largely tied to the growing demand for power in the U nited States driven by industrial reshoring as well as AI data center developments. Despite near-term market uncertainty, I believe that the strategy can present appealing long-term growth and durability over a multi-year period, making POWR most appropriate for buy-and-hold investors. Given the long-term secular trends across the sector coverage, I am recommending POWR with a "Buy" rating. Investment Thesis for POWR POWR is positioned to realize growth across the industrial value chain, providing diversified exposure to power producers, equipment and component manufacturers, and engineering & construction, among others. The strategy’s growth trajectory is underpinned by increased power demand supporting reindustrialization and large-scale data center developments. Corporate Filings At the sector level, the portfolio’s largest exposure is in electric utilities, making up 32.43% of net assets. I believe that the utilities sector may face mixed results over the coming years for two reasons. Increased power demand should deliver a higher cash-generating base. Increased demand has resulted in pricing pressure for electrical equipment and components, potentially resulting in free cash flow compression over the coming years. The utilities sector has historically been viewed as a defensive asset given its durability throughout the market cycles. The sector has turned towards higher growth in recent years, driven by increased demand for electricity to support large-scale data center developments, many of which are designed with 1GW+ of capacity. ...
The company is heavily reliant on the success of its new architectures, such as Vera Rubin, which may face challenges in ramping up production and adoption. NVIDIA faces uncertainty regarding revenue from China due to geopolitical tensions, as no data center compute revenue from China is included in their outlook. Story Continues Q & A Highlights Q: What drove the change in segmentation, and how d...
The company is heavily reliant on the success of its new architectures, such as Vera Rubin, which may face challenges in ramping up production and adoption. NVIDIA faces uncertainty regarding revenue from China due to geopolitical tensions, as no data center compute revenue from China is included in their outlook. Story Continues Q & A Highlights Q: What drove the change in segmentation, and how do you see competitive differences between the two segments? A: Jensen Huang, President and CEO, explained that the segmentation was introduced to provide a clearer understanding of NVIDIA's diverse business. The company has two main segments: hyperscale clouds and AI native clouds. Hyperscale clouds focus on accelerating data processing and machine learning workloads, while AI native clouds cater to enterprises, industrial on-premises, and sovereign AI. The segmentation reflects the diverse applications and environments where AI operates. Q: Can you discuss your growth philosophy, particularly in relation to hyperscaler CapEx? A: Jensen Huang stated that NVIDIA aims to grow faster than hyperscaler CapEx due to its diverse data center business. The company expects hyperscaler CapEx to continue growing, driven by the increasing demand for AI computing. NVIDIA's business is divided into two large parts: hyperscalers and AI native clouds, with the latter expected to grow rapidly as AI adoption spreads across industries. Q: How do you see Vera Rubin impacting your share of the inference market in the coming years? A: Jensen Huang highlighted that NVIDIA is rapidly gaining share in the inference market, with Vera Rubin expected to be even more successful than Grace Blackwell. The introduction of Vera Rubin will enhance NVIDIA's position in the inference market, as it is designed to meet the needs of frontier model companies and AI workloads. Q: What is the traction for custom merchant products like LPX and CPX, and how do they fit into your broader platform strategy? A: Jensen Hu...
"As I said to the prime minister in my letter and privately, this is a government that lacks definition and also direction and vision," Streeting said. "When people don't know who you are, and what you stand for, they don't vote for you."
"As I said to the prime minister in my letter and privately, this is a government that lacks definition and also direction and vision," Streeting said. "When people don't know who you are, and what you stand for, they don't vote for you."
With rare bluefin tuna and red meat often on their menus, Michelin-starred restaurants have not always prioritised sustainability. In an effort to consider the climate crisis, in 2020 Michelin began awarding green stars to chefs who cooked eco-friendly ingredients and reduced waste. But now the body has abruptly retired the prize and said chefs will no longer be able to advertise that they have it...
With rare bluefin tuna and red meat often on their menus, Michelin-starred restaurants have not always prioritised sustainability. In an effort to consider the climate crisis, in 2020 Michelin began awarding green stars to chefs who cooked eco-friendly ingredients and reduced waste. But now the body has abruptly retired the prize and said chefs will no longer be able to advertise that they have it. Winners of the accolade were given a green plaque to proudly display by their front door, and were able to show a picture of the star on their website, much as they would if they had won a traditional Michelin star. “It’s disappointing – one of our dreams was to have one,” said Piers Milburn, the owner of Pythouse Kitchen Garden in Wiltshire, which won a green star last year. His menu features sustainable ingredients such as English fava beans, hand-dived scallops and local blackberries. “We think it’s quite irresponsible for Michelin to build a platform for businesses to thrive from for an accolade and then whisk it away,” he said. “We were enormously proud of it and now we feel let down by them.” View image in fullscreen Pythouse Kitchen Garden in Wiltshire, whose menu features sustainable ingredients such as hand-dived scallops, won a green star last year There are signs that corporations across the world are reducing their sustainability initiatives in the wake of US president Donald Trump’s backlash against DEI and climate programmes. “I pray Michelin is not stepping back from sustainability,” Milburn said. Hylton Espey, who owns Culture restaurant in Falmouth, Cornwall, serves fish from the local market and mushrooms grown in a nearby no-dig garden. “We did not have any communication regarding the green star changes until after the press release went out. We feel that this could have been handled better,” he said. Epsey added that the star was a “rare achievement and it helped us stand out amongst other restaurants on an international scale”, including collaborating...
I met Tommy Robinson once. It was 10 years ago exactly, during one of his many failed attempts to mainstream Islamophobia in British politics with a new “movement” called Pegida – a copycat of Germany’s far-right Patriotic Europeans Against the Islamisation of the West. There was little memorable about this “launch”, which as a social affairs editor for Sky News I was sent to cover, only to discov...
I met Tommy Robinson once. It was 10 years ago exactly, during one of his many failed attempts to mainstream Islamophobia in British politics with a new “movement” called Pegida – a copycat of Germany’s far-right Patriotic Europeans Against the Islamisation of the West. There was little memorable about this “launch”, which as a social affairs editor for Sky News I was sent to cover, only to discover a pitiful gathering of a few blokes at a pub near Luton. The thing that does stand out in my memory is what Robinson, whose real name is Stephen Yaxley-Lennon, said to me. “It’s the Muslims that are a problem,” he said. “But you’re all right. You speak English. You’re like us.” Never has something intended as a compliment been so utterly offensive. Pegida died quickly. But the sentiment stayed with me – the idea that rightwing men are the arbiters of whether black and brown British people are an acceptable presence in our own country. That is a notion that has only gained strength in the decade since, culminating this weekend when Robinson and his followers gathered to launch an attack of unprecedented viciousness against British Muslims, calling for “re-migration” – an idea otherwise known as ethnic cleansing. Meanwhile, a more rarefied, superficially respectable group is launching a gentrified version of a similar sort of assault. Unlikely to be found fraternising with union-jack clad Robinson fans, their weapon of choice is the rightwing media – and their current target is Misan Harriman. View image in fullscreen Photograph: Daily Telegraph Harriman is a popular figure on social media and in British cultural life. Oscar-nominated for his film The After, he became the first black man to shoot the cover of British Vogue, and his images of the Black Lives Matter protests went viral and then global, becoming the starting point for a documentary film Shoot the People. Some of his most moving images are his photographs of Jewish people, including Holocaust survivors. Many o...
Luscious, herby ricotta and breadcrumb balls, simmered in a rich tomato, basil and chilli sauce … that’s one weeknight dinner sorted To begin with, the situation looks far from promising. Having given up its protein for cheese, the whey that has been returned to the huge pan is thin, opaque and not unlike cloudy washing-up water. The situation changes slightly when whole milk is added to the whey,...
Luscious, herby ricotta and breadcrumb balls, simmered in a rich tomato, basil and chilli sauce … that’s one weeknight dinner sorted To begin with, the situation looks far from promising. Having given up its protein for cheese, the whey that has been returned to the huge pan is thin, opaque and not unlike cloudy washing-up water. The situation changes slightly when whole milk is added to the whey, along with rennet, and it’s then reheated, or re-cooked ( ri-cotta ). For a while, nothing happens. Then follows a slight, just perceptible wobbling, before, quite suddenly, like scud ding clouds moving into view, scraggy clumps of coagulated protein, albumin and globulin appear on the surface. These are lifted out in the same way as foam from a pan of broth: scooped off with a large slotted spoon. At least that is how it is done by Filippo Privitera at Caseificio Privitare in Castellana Sicula in the province of Palermo. The coagulated protein, otherwise known as ricotta, is then dropped into perforated plastic tubes on a slanting surface so it can drain some more, before being eaten in many ways. For the Feast newsletter a few weeks ago , I wrote about the many ways to eat ricotta. Like many, I have long known what a useful ingredient it is, but, going through decades of archives, I was reminded just how versatile ricotta is, moving with ease between savoury and sweet, and both straight from the pot and cooked. However, since writing that newsletter, things I forgot to mention have also scudded into my head: how good ricotta is in pastry (a roast pumpkin, mushroom and chestnut pie is especially good); that it can be whipped with coffee for Anna Del Conte’s quick pudding; mixed with flour for sweet fritters; or made into polpette di ricotta e pane (ricotta and breadcrumb balls), which can be deep-fried or simmered in a rich tomato, basil and chilli sauce. Continue reading...