Getty Images The inflationary shock unfolding The transition to an inflationary regime is underway, it's in an early phase . The macro transition is as follows: The Strait of Hormuz has been closed since February 28th - and, most importantly, there is no end in sight when Hormuz will reopen and normalize. The primary effect is the supply-driven energy price shock, tracked in real time with the pri...
Getty Images The inflationary shock unfolding The transition to an inflationary regime is underway, it's in an early phase . The macro transition is as follows: The Strait of Hormuz has been closed since February 28th - and, most importantly, there is no end in sight when Hormuz will reopen and normalize. The primary effect is the supply-driven energy price shock, tracked in real time with the price of crude oil futures ( CL1:COM ). WTI Oil is trading just above $100/barrel, but within next 6-8 weeks there will be a serious global shortage of energy products, which could push crude oil up to $200/barrel. Thus, we are facing an inflationary shock - and this is a supply-driven inflationary shock, not a demand-driven, and this is key for the financial markets, as I will explain below. The bond market is breaking The transition to an inflationary regime is already reflected in the bond market. Short-term rates - the Fed expectations Short-term interest rates are reflecting the expectations for the Fed policy over the near term. The 2Y Yield ( US2Y ) is near 4%. The Federal Funds futures can give us an insight on when the Fed is expected to act - the Fed is now expected to start hiking at the March 2027 meeting - with around 55% probability. The Fed is supposed to hike when inflation rises, that's what the Federal Funds futures are starting to price. CME FedWatch The 10Y yields at the edge of the runaway inflation expectations The 10Y yields ( US10Y ) are an extremely important indicator, because we can track the long-term inflation expectations. Specifically, the nominal 10Y yield is the sum on real yield (as proxied by the 10Y TIPS yield) and the Breakeven inflation. Well, 10Y Breakeven inflation is expected to be below 2.5% - this reflects an anchored inflation expectation, and the Fed is very sensitive to this market measure of inflation. Currently, the nominal 10Y yield is 4.47%, the 10Y TIPS yield is 1.96%, which means that 10Y BE inflation is 2.51% - so that's abo...
Burnham’s backers understood to be lobbying Labour’s NEC who warn against Wes Streeting ‘coronation’ UK politics live – latest updates The rules governing Labour party leadership contests should “not be tweaked” to allow Andy Burnham to run, a member of the party’s National Executive Committee has said. With the health secretary preparing to launch a leadership challenge against Keir Starmer on Th...
Burnham’s backers understood to be lobbying Labour’s NEC who warn against Wes Streeting ‘coronation’ UK politics live – latest updates The rules governing Labour party leadership contests should “not be tweaked” to allow Andy Burnham to run, a member of the party’s National Executive Committee has said. With the health secretary preparing to launch a leadership challenge against Keir Starmer on Thursday , if he can secure the support of enough MPs to trigger a contest, allies of Burnham have warned against a “coronation” for Wes Streeting as the next prime minister. Continue reading...
Idaho Strategic Resources press release ( IDR ): Q1 GAAP EPS of $0.40. Revenue of $14.48M (+98.9% Y/Y). More on Idaho Strategic Resources Idaho Strategic Resources: Golden Chest Delivers, Murray Mill Still Needs Proof Idaho Strategic Resources: A Bit Too High, Far Too Soon Gold miners rally amid earnings beats, rising bullion prices Idaho Strategic Resources GAAP EPS of $1.14, revenue of $42.41M S...
Idaho Strategic Resources press release ( IDR ): Q1 GAAP EPS of $0.40. Revenue of $14.48M (+98.9% Y/Y). More on Idaho Strategic Resources Idaho Strategic Resources: Golden Chest Delivers, Murray Mill Still Needs Proof Idaho Strategic Resources: A Bit Too High, Far Too Soon Gold miners rally amid earnings beats, rising bullion prices Idaho Strategic Resources GAAP EPS of $1.14, revenue of $42.41M Seeking Alpha’s Quant Rating on Idaho Strategic Resources
Nvidia (NASDAQ:NVDA) shares moved higher in premarket trading after Reuters reported that the United States has approved roughly 10 Chinese companies to purchase Nvidia’s H200 artificial intelligence chips, although shipments have not yet begun. The report comes as Nvidia chief executive Jensen Huang attempts to revive stalled sales efforts during a closely watched visit to China this week.
Nvidia (NASDAQ:NVDA) shares moved higher in premarket trading after Reuters reported that the United States has approved roughly 10 Chinese companies to purchase Nvidia’s H200 artificial intelligence chips, although shipments have not yet begun. The report comes as Nvidia chief executive Jensen Huang attempts to revive stalled sales efforts during a closely watched visit to China this week.
Wolverine World Wide press release ( WWW ): Q1 GAAP EPS of $0.25 beats by $0.03 . Revenue of $457.6M (+11.0% Y/Y) beats by $8.04M . For fiscal year 2026, the Company currently expects: Revenue to be approximately $1.960 billion to $1.985 billion. This range is unchanged from the previous outlook and represents growth of approximately 4.6% to 5.9% compared to 2025, constant currency growth of appro...
Wolverine World Wide press release ( WWW ): Q1 GAAP EPS of $0.25 beats by $0.03 . Revenue of $457.6M (+11.0% Y/Y) beats by $8.04M . For fiscal year 2026, the Company currently expects: Revenue to be approximately $1.960 billion to $1.985 billion. This range is unchanged from the previous outlook and represents growth of approximately 4.6% to 5.9% compared to 2025, constant currency growth of approximately 3.8% to 5.1%, and constant currency growth of approximately 4.5% to 5.8% excluding the impact of the 53rd week in 2025. Gross margin to be approximately 46.4%, down 90 basis points compared to 2025. This compares to the previous gross margin outlook of approximately 46.0%. Operating margin to be approximately 9.2%, up 120 basis points compared to 2025, and adjusted operating margin to be approximately 9.5%, up 50 basis points compared to 2025. This compares to the previous operating margin outlook of approximately 8.8% and adjusted operating margin of approximately 9.1%. The effective tax rate to be approximately 18.0%, unchanged from the previous outlook. Diluted earnings per share in the range of $1.39 to $1.54 and adjusted diluted earnings per share in the range of $1.43 to $1.58. This compares to the previous outlook for diluted earnings per share in the range of $1.31 to $1.46 and adjusted diluted earnings per share in the range of $1.35 to $1.50. Diluted weighted average shares of approximately 82.0 million. This compares to the previous outlook for diluted weighted average shares of approximately 81.5 million. More on Wolverine World Wide Wolverine World Wide: Good Growth Potential Wolverine World Wide, Inc. 2025 Q4 - Results - Earnings Call Presentation Wolverine World Wide: A Varying, But Good, Performance (Rating Upgrade) Wolverine World Wide Q1 2026 Earnings Preview Wolverine projects 5.2% revenue growth in 2026 as Saucony and Merrell momentum accelerates
Earnings Call Insights: Spire Global, Inc. (SPIR) Q1 2026 Management View "Q1 confirmed the shape of the year we described to you in March and added forward visibility on top of it," said (CEO, President & Director Theresa Condor). "The print came in above the high end of our guidance on both revenue and adjusted EBITDA." She added, "Our 50% full year growth guidance is unchanged" and reiterated t...
Earnings Call Insights: Spire Global, Inc. (SPIR) Q1 2026 Management View "Q1 confirmed the shape of the year we described to you in March and added forward visibility on top of it," said (CEO, President & Director Theresa Condor). "The print came in above the high end of our guidance on both revenue and adjusted EBITDA." She added, "Our 50% full year growth guidance is unchanged" and reiterated the setup as "second half-weighted." Condor highlighted capacity and scaling claims: "We have launched more than 240 satellites across more than 40 campaigns, and we have reserved launch capacity through 2028," and "We have operational scaled transatlantic manufacturing with production facilities in the U.S., Europe and the U.K." On product progress, Condor said, "We deployed 19 satellites across 2 launches," "We demonstrated single satellite geolocation for S-band and X-band signals," and "We were awarded 5 new RFGL orders from U.S. customers and signed 3 new international RFGL customers." In weather, she said, "Our new Hyperspectral Microwave Sounder achieved first light" and is "now delivering data to our end-user customer." (CFO, Principal Financial Officer & Principal Accounting Officer Alison Engel) reported, "GAAP revenue for the first quarter was $15.8 million," "Non-GAAP gross margin was 44%," and "Adjusted EBITDA was negative $10.2 million." She added, "We exited the first quarter with approximately $50 million in cash and marketable securities" and "On April 10, we closed a private placement, which added $65.5 million in net proceeds to our balance sheet." Outlook Engel said, "We are maintaining our full year 2026 guidance" with "revenue... $75 million to $85 million," "full year adjusted EBITDA... negative $26 million to negative $20.7 million," and "full year non-GAAP loss per share... negative $0.93 and negative $0.79 per share on approximately 37.9 million shares." Engel announced a guidance format change: "Starting this quarter, we're going to give annual gui...
asbe/iStock Unreleased via Getty Images Coca-Cola ( KO ) is refreshing the Sprite brand this year as it looks to sharpen its identity for a new generation while also keeping the lemon-lime drink's core customer base in place. The refreshed look is built around a cleaner visual system, a stronger logo presence, and a more modern campaign style that aims to make Sprite stand out more clearly in stor...
asbe/iStock Unreleased via Getty Images Coca-Cola ( KO ) is refreshing the Sprite brand this year as it looks to sharpen its identity for a new generation while also keeping the lemon-lime drink's core customer base in place. The refreshed look is built around a cleaner visual system, a stronger logo presence, and a more modern campaign style that aims to make Sprite stand out more clearly in stores and in culture. The new changes include a global platform called "It’s That Fresh," which ties the brand to music, basketball, fashion, spicy food, and street culture. In addition, Coca-Cola ( KO ) introduced a vertical layout on cans and the return of the "Lymon" symbol, which gives the packaging a more distinctive and playful feel. The brand refresh also extends to Sprite Zero Sugar. Sprite's history goes back more than 60 years to 1961, when Coca-Cola ( KO ) introduced the product in the U.S. as a lemon-lime soft drink meant to compete in the clear soda category that was being dominated by 7-Up. Over time, Sprite grew into one of Coca-Cola's ( KO ) most recognizable global brands, with a strong presence in markets around the world. Sprite's high point in the U.S. appears to be 2024, when Beverage Digest data put its share at 8.03% of U.S. soft drink volume, enough to overtake Pepsi ( PEP ) for the first time. However, recent Nielsen data indicates it has slipped to fifth place in soft drink market share behind Coca-Cola, Dr Pepper, Pepsi, and Diet Coke. More on Coca-Cola The Coca-Cola Company (KO) Shareholder/Analyst Call Transcript The Coca-Cola Company (KO) Q1 2026 Earnings Call Transcript Coca-Cola Q1: Why 12% Growth Is A Calendar Illusion U.S. struggles to define ‘ultraprocessed foods’ as Kennedy pushes crackdown Earnings scoreboard: 11 of 12 consumer staple names beat earnings estimates this week
Advanced Micro Devices (NASDAQ:AMD) and Arm Holdings (NASDAQ:ARM) continued to strengthen their positions in the server processor market during the first quarter of 2026, taking additional share from Intel (NASDAQ:INTC), according to a new report published by UBS. The report also showed that personal computer shipments remained weaker than typical seasonal patterns for a second consecutive quarter...
Advanced Micro Devices (NASDAQ:AMD) and Arm Holdings (NASDAQ:ARM) continued to strengthen their positions in the server processor market during the first quarter of 2026, taking additional share from Intel (NASDAQ:INTC), according to a new report published by UBS. The report also showed that personal computer shipments remained weaker than typical seasonal patterns for a second consecutive quarter.