With gasoline prices averaging above $4 a gallon nationally, drivers are grappling with a sharp rise in fuel costs. How can you get the most out of every fill-up?
With gasoline prices averaging above $4 a gallon nationally, drivers are grappling with a sharp rise in fuel costs. How can you get the most out of every fill-up?
Data center builder Firmus Technologies Pty raised $505 million in an investment round led by Coatue Management LLC , part of a global push to finance artificial intelligence infrastructure. The deal values the Australian startup at $5.5 billion, Firmus said Thursday. Nvidia Corp. , the top maker of AI accelerator chips, also participated in the round. The cash will go toward rapidly deploying AI ...
Data center builder Firmus Technologies Pty raised $505 million in an investment round led by Coatue Management LLC , part of a global push to finance artificial intelligence infrastructure. The deal values the Australian startup at $5.5 billion, Firmus said Thursday. Nvidia Corp. , the top maker of AI accelerator chips, also participated in the round. The cash will go toward rapidly deploying AI hardware based on forthcoming Nvidia computer technology in the Asia-Pacific region. Firmus, which has data center projects in Australia and Singapore, has raised $1.35 billion in the last six months, including this latest transaction. Firmus is leading an effort called Southgate, a plan to build data center capacity in Australia that runs on renewable energy, starting with a site in Tasmania. That facility will house computers based on 36,000 Nvidia accelerator chips after its first two rounds of technology deployments. The powerful processors help develop and run AI models by bombarding them with data. Nvidia, often in partnership with venture capital investors, has invested billions of dollars in AI companies. It’s aiming to help cultivate an industry that has already fueled explosive sales growth and turned Nvidia into the world’s most valuable business. As with the Firmus funding, Nvidia is backing companies that also buy its products. Some investors have expressed concern about the circular nature of these deals, something Nvidia has pushed back on. Read More: A Guide to the Circular Deals Underpinning the AI Boom Coatue, which has more than $70 billion in assets under management, has made its own push into AI technology. The New York-based investment firm has backed computing infrastructure as well as service providers like OpenAI and Anthropic PBC. Read More: OpenAI Set to Raise $10 Billion From MGX, Coatue, Thrive Firmus is using Vera Rubin DSX, a design provided by Nvidia for building what it calls AI factories. Vera Rubin is the code name for a new generation of ...
(Bloomberg) -- Data center builder Firmus Technologies Pty raised $505 million in an investment round led by Coatue Management LLC, part of a global push to finance artificial intelligence infrastructure. The deal values the Australian startup at $5.5 billion, Firmus said Thursday. Nvidia Corp., the top maker of AI accelerator chips, also participated in the round.The cash will go toward rapidly d...
(Bloomberg) -- Data center builder Firmus Technologies Pty raised $505 million in an investment round led by Coatue Management LLC, part of a global push to finance artificial intelligence infrastructure. The deal values the Australian startup at $5.5 billion, Firmus said Thursday. Nvidia Corp., the top maker of AI accelerator chips, also participated in the round.The cash will go toward rapidly deploying AI hardware based on forthcoming Nvidia computer technology in the Asia-Pacific region. Fir
As the first full trading week of 2026's second quarter kicks off, what will Wall Street investors be most focused on in Big Tech and Magnificent Seven stocks?Argent Capital Management portfolio manager Jed Ellerbroek sits down with Yahoo Finance Markets and Data Editor Jared Blikre and Senior Reporter Brooke DiPalma to talk about the expectations from tech giants to justify their AI capex and mon...
As the first full trading week of 2026's second quarter kicks off, what will Wall Street investors be most focused on in Big Tech and Magnificent Seven stocks?Argent Capital Management portfolio manager Jed Ellerbroek sits down with Yahoo Finance Markets and Data Editor Jared Blikre and Senior Reporter Brooke DiPalma to talk about the expectations from tech giants to justify their AI capex and monetization strategies.
Team will not panic in wake of City and Southampton defeats Raya set to return in goal for Tuesday’s first leg at Sporting Mikel Arteta has insisted that Arsenal will not panic after losing successive games for the first time this season but admitted that they must rediscover their identity to get their campaign back on track. The Premier League leaders face Sporting in the first leg of their Cham...
Team will not panic in wake of City and Southampton defeats Raya set to return in goal for Tuesday’s first leg at Sporting Mikel Arteta has insisted that Arsenal will not panic after losing successive games for the first time this season but admitted that they must rediscover their identity to get their campaign back on track. The Premier League leaders face Sporting in the first leg of their Champions League quarter-final in Lisbon on Tuesday after seeing their hopes of an unprecedented quadruple crumble with defeats by Manchester City in the Carabao Cup final and the Championship side Southampton in the FA Cup . Bukayo Saka and Jurriën Timber have been ruled out as they continue to struggle with injuries, although there was better news for Arteta with Gabriel Magalhães, Declan Rice and Leandro Trossard all expected to feature against the Portuguese champions. Continue reading...
Douglas Rissing The March 2026 Nonfarm Payrolls (NFP) data released on February 3 delivered a surprise, as the U.S. economy added 178K jobs compared to the expectation of 60K, according to the U.S. Bureau of Labor Statistics . The report came after the economy lost 133K jobs in February, with most gains seen in sectors like health care, construction, and transportation and warehousing, while feder...
Douglas Rissing The March 2026 Nonfarm Payrolls (NFP) data released on February 3 delivered a surprise, as the U.S. economy added 178K jobs compared to the expectation of 60K, according to the U.S. Bureau of Labor Statistics . The report came after the economy lost 133K jobs in February, with most gains seen in sectors like health care, construction, and transportation and warehousing, while federal government employment continued to fall. The next employment situation for April is scheduled to release on Friday, May 8, 2026. However, this stronger-than-expected data led to a shift in rate cut expectations across the market. Following the March report, the CME FedWatch Tool indicated that markets priced in a 99.5% probability that the Federal Reserve would keep interest rates unchanged at 3.50%–3.75% at the April 29, 2026, meeting, with only a 0.5% chance of a hike. April Meeting: Feb Rate Cut Probability (CME Group FedWatch Tool) This outlook also changed Wall Street forecasts. According to a note dated April 3, Citigroup delayed its rate-cut timeline and now expects cuts of ~75 basis points in September, October, and December, instead of the earlier June, July, and September expectation. At the same time, Wells Fargo Investment Institute, as reported by Reuters , stated that it no longer expects the FED to cut rates in 2026 due to inflation uncertainty and geopolitical issues from the Middle East. However, a contrasting view emerged from the White House. Economic adviser Kevin Hassett told CNBC that a supply shock driven by capital spending and higher productivity from artificial intelligence could reduce inflationary pressure. He added that such conditions could allow the Fed to cut interest rates. Reportedly, he also indicated that rate cuts would be more likely if Kevin Warsh, President Donald Trump’s nominee for Federal Reserve chair, assumed the position. In the market, Bitcoin ( BTC-USD ) and altcoins like Ethereum ( ETH-USD ), XRP ( XRP-USD ), Solana ( SOL-...
Getty Images Alphabet stock: super-investors love it at $313 I last covered Alphabet Inc. ( GOOG , GOOGL ) on Feb 23 with an article titled " Alphabet: SpaceX IPO, 100-Year Bond, And My New Understanding Of Its Moat .” As stated in the title, the article was triggered by Google’s SpaceX ( SPACE ) holdings and also new bond issuance, and it rated the stock as Buy. Since then, there have been a few ...
Getty Images Alphabet stock: super-investors love it at $313 I last covered Alphabet Inc. ( GOOG , GOOGL ) on Feb 23 with an article titled " Alphabet: SpaceX IPO, 100-Year Bond, And My New Understanding Of Its Moat .” As stated in the title, the article was triggered by Google’s SpaceX ( SPACE ) holdings and also new bond issuance, and it rated the stock as Buy. Since then, there have been a few new developments worth noting. In the rest of this article, I will focus on two of them: the latest changes in professional fund managers’ holdings and also the latest AI traffic data. These changes, when combined, suggest the stock’s growth potential is discounted, thus offering a favorable return/risk ratio and leading to a reiteration of my Buy rating. Let me start with the changes of the so-called super-investors’ GOOG holdings. In my experiences, I benefited more from observing these investors’ transactions than following the overall market. The reasons are simply twofold in my mind. For these investors, A) their decisions are less biased by herd thinking, and B) their investment timeframe tends to be longer. With this background, the following screenshot shows the latest holdings of GOOG stock among super-investors tracked by DataRoma . As seen, GOOG currently ranks top 2 in terms of ownership and top 3 in terms concentration (i.e., percentage allocation in their portfolios). Overall, a total of 29 super-investors has a GOOG position, the stock makes up more than 2.2% of their accounts, and their current hold price is ~$313. The current market price for GOOG is about $296 as of this writing, which is quite close to their holding price (about 5.5% lower) and makes their decision of particular interest. Next, I will explain why these investors see a good deal at $313 and the return/risk curve is even more favorable at the current price of $296. DataRoma GOOG stock: growth outlook and return potential Before going into any further details, let’s me start with a broader p...
The war in Iran gives Argentina an opportunity to present itself as a safe source of energy to the world, Pampa Energia Chair Marcelo Mindlin says on Bloomberg Businessweek Daily. Mindlin also says the acquisition of InterCement was a "once-in-a-lifetime opportunity." (Source: Bloomberg)
The war in Iran gives Argentina an opportunity to present itself as a safe source of energy to the world, Pampa Energia Chair Marcelo Mindlin says on Bloomberg Businessweek Daily. Mindlin also says the acquisition of InterCement was a "once-in-a-lifetime opportunity." (Source: Bloomberg)
If the Iran war drags on longer than expected, investors may want to consider defensive stocks that pay dividends, according to Jefferies. The market has seesawed and oil prices have jumped since the conflict started on Feb. 28. Stocks moved slightly higher on Monday as investors hoped for a potential ceasefire. All three indexes snapped five-week losing streaks last week. Meanwhile, oil remains a...
If the Iran war drags on longer than expected, investors may want to consider defensive stocks that pay dividends, according to Jefferies. The market has seesawed and oil prices have jumped since the conflict started on Feb. 28. Stocks moved slightly higher on Monday as investors hoped for a potential ceasefire. All three indexes snapped five-week losing streaks last week. Meanwhile, oil remains at over $100 per barrel, with U.S. West Texas Intermediate futures last above $112 per barrel and Brent hovering below $110. While Jefferies' base case is that the Iran war should end in the next few weeks, with oil averaging around $100 the rest of the year, its bear case assumes a longer conflict that sees oil at an average $120 per barrel. "With oil prices rising sharply due to the US-Iran conflict, the risk of stagflation is emerging," Desh Peramunetilleke, head of the firm's quantitative strategy, said in a note Wednesday. He sees that as a low probability right now, but warned "a sustained oil shock could cause demand destruction, pushing costs higher and fueling inflation." If that occurs, Peramunetilleke estimates S & P 500 top-line growth falls by 4.3 percentage points, margins compress by 0.8 percentage points and earnings-per-share growth drops from 18.3% to 8.5%. Given the earnings uncertainty, defensive yield stocks should do well, he said. So, he came up with a list of bond-proxy stocks that are defensive, high-yield, low-growth companies. They also exhibit the lowest beta among dividend strategies, which means they are less volatile and less risky. Peramunetilleke focused on U.S. defensive companies with a market capitalization over $10 billion, a dividend yield above 3% and an EPS compound annual growth rate for 2026 to 2027 between 0% and 10%. In addition, the names have a high earnings certainty and a good track record of dividends, with a cut of less than once every four years. They also have positive free cash flow. Here are some of the stocks that made t...
Aj_OP/iStock via Getty Images ASEAN debt markets have moved to the front line of the latest energy shock. As geopolitical tensions push oil prices higher, the impact is feeding quickly into currencies, inflation expectations, and rate paths across the region. But country-level differentiation is emerging, so for investors, we believe the focus should be on ASEAN countries where energy sensitivity,...
Aj_OP/iStock via Getty Images ASEAN debt markets have moved to the front line of the latest energy shock. As geopolitical tensions push oil prices higher, the impact is feeding quickly into currencies, inflation expectations, and rate paths across the region. But country-level differentiation is emerging, so for investors, we believe the focus should be on ASEAN countries where energy sensitivity, policy credibility, and external resilience have the potential to drive positive outcomes. Energy Price Effects Ripple Through EM Debt Markets Emerging market (EM) bonds have sold off in the broad-based risk-off environment, driven by escalating geopolitical tensions following the prolonged conflict with Iran. The market response reflects concerns that a longer-than-expected conflict could sustain elevated energy prices, which would eventually drive higher food prices, renewed inflationary pressures, and slower global growth. This has revived fears of a stagflationary backdrop, weighing disproportionately on EM assets. While markets appear broadly justified in pricing in weaker growth and tighter financial conditions, the outlook for energy prices is less straightforward. Futures markets suggest oil prices could normalize if hostilities ease, but damage to energy infrastructure may constrain supply for longer than expected. Even in a faster de-escalation scenario, inflation expectations may remain somewhat elevated, limiting the scope for a full reversal in yields. More broadly, heightened uncertainty regarding the evolving conflict - amplified by real-time information flow - has contributed to sharper market swings. While the growth repricing appears directionally correct, the path and persistence of energy-driven inflation remain less certain, suggesting the risk of both an overshooting and a reversal of near-term market moves. Market participants are also weighing the possibility of a near-term de-escalation in the conflict. Even if tensions were to ease quickly and ene...
The e-commerce giant, under a new plan, will cut back the packages it ships through USPS by 20%, less than the proposal the sides had discussed earlier.
The e-commerce giant, under a new plan, will cut back the packages it ships through USPS by 20%, less than the proposal the sides had discussed earlier.
Ceri Breeze/iStock Editorial via Getty Images Amazon ( AMZN ) reached a new agreement with the U.S. Postal Service on package deliveries. The e-commerce giant will retain about 80% of its existing deliveries with USPS, which means it will still handle about one billion packages per year. The development was anticipated, with negotiations over the last year indicating that Amazon ( AMZN ) wanted...
Ceri Breeze/iStock Editorial via Getty Images Amazon ( AMZN ) reached a new agreement with the U.S. Postal Service on package deliveries. The e-commerce giant will retain about 80% of its existing deliveries with USPS, which means it will still handle about one billion packages per year. The development was anticipated, with negotiations over the last year indicating that Amazon ( AMZN ) wanted to cut back on using USPS. Amazon ( AMZN ) is the USPS' largest customer and generated about $6 billion in revenue for the agency. "We're pleased to have reached a new agreement with USPS that furthers our longstanding partnership and will let us continue supporting our customers and communities together," read a statement from Amazon ( AMZN ). UPS ( UPS ) and FedEx ( FDX ) turned slightly lower after the development. More on Amazon Amazon Vs. Starlink: The $9 Billion Globalstar Deal That Could Change Everything Amazon: This Is Worse Than You Think Amazon: Short-Term Pressure, Long-Term Opportunity Intel in talks with Amazon, Google for packaging services: report If Amazon buys Globalstar, what does it mean for Apple?
Kittisak Kaewchalun /iStock via Getty Images Olin ( OLN ) up 2.8% in Monday's trading as Wells Fargo upgraded the manufacturer of ammunition, chlorine, and sodium hydroxide to Overweight from Equal Weight with a $35 price target, raised from $22, citing anticipated supply constraints caused by the Middle East war. Wells Fargo analyst Michael Sison raised his FY 2026 EBITDA estimate to $650M from h...
Kittisak Kaewchalun /iStock via Getty Images Olin ( OLN ) up 2.8% in Monday's trading as Wells Fargo upgraded the manufacturer of ammunition, chlorine, and sodium hydroxide to Overweight from Equal Weight with a $35 price target, raised from $22, citing anticipated supply constraints caused by the Middle East war. Wells Fargo analyst Michael Sison raised his FY 2026 EBITDA estimate to $650M from his previous estimate of $500M as ECU margins rise significantly during Q2 and potentially into Q3 to the low- to mid-$300/st range compared to just below $200/st in this year's Q1 because of anticipated supply constraints caused by the conflict in Iran. Sison also said he expects caustic prices to improve by at least $50/st, providing a boost for Olin's ( OLN ) manufacture of chlor-alkali products and Winchester ammunition. More on Olin Olin: Results May Be Bottoming Olin: Shares Brush Off A Negative Preannouncement Olin Presents at Gabelli Funds Annual Specialty Chemicals Symposium - Slideshow
Bitcoin climbed above $70,000 on Monday for the first time since March, as traders rushed to pull back bearish positions despite the lack of clarity on ceasefire negotiations in the Middle East. The original cryptocurrency advanced more than 4%, surpassing $70,300 before paring some of the gain. Smaller tokens including Ether and Solana also rose. The surge comes as Tehran rejected a proposed ceas...
Bitcoin climbed above $70,000 on Monday for the first time since March, as traders rushed to pull back bearish positions despite the lack of clarity on ceasefire negotiations in the Middle East. The original cryptocurrency advanced more than 4%, surpassing $70,300 before paring some of the gain. Smaller tokens including Ether and Solana also rose. The surge comes as Tehran rejected a proposed ceasefire and demanded a permanent end to the war. Trump escalated pressure on Iran over the weekend and continued his threats Monday, but he also said that talks are moving ahead. “Heading into the weekend, sentiment was heavily skewed bearish and short interest had built up across the market,” said Diana Pires, chief business officer of sFOX. “Once ceasefire headlines hit, that positioning had to unwind, and that’s what drove the move higher.” More than $145 million in short positions had been liquidated in the past day, according to CoinGlass data, which added that more short positions were liquidated as Bitcoin’s price moved higher. “When markets opened today, the switching of shorts into equity futures and the covering of some positions caused a squeeze higher in illiquid conditions,” said Damien Loh, chief investment officer at Ericsenz Capital. Bitcoin has been stuck in a range between roughly $60,000 and $75,000 since the conflict in Iran began in late February, at one point jumping to a high of nearly $76,000 before tumbling. For much of the past two weeks, the token traded below $70,000. “Every approach to the $70,000 to $80,000 band meets thin liquidity and profit-taking pressure, capping the bounce,” according to a report from blockchain data firm Glassnode . Options markets are also shifting toward a more defensive posture, the report said. The highest open interest is concentrated in $60,000 puts, according to data compiled by Coinbase Inc. ’s Deribit. Traders often use puts, which give the holder the right to sell the underlying asset at a specific price, to hedg...