July arabica coffee (KCN26 ) today is down -5.00 (-1.78%), and July ICE robusta coffee (RMN26 ) is down -77 (-2.16%). Coffee prices are retreating today amid a stronger dollar. The dollar index ($DXY ) climbed to a 2-week high today, undercutting most commodity prices, including coffee. On Wednesday, robusta...
July arabica coffee (KCN26 ) today is down -5.00 (-1.78%), and July ICE robusta coffee (RMN26 ) is down -77 (-2.16%). Coffee prices are retreating today amid a stronger dollar. The dollar index ($DXY ) climbed to a 2-week high today, undercutting most commodity prices, including coffee. On Wednesday, robusta...
June WTI crude oil (CLM26 ) today is down -0.19 (-0.19%), and June RBOB gasoline (RBM26 ) is down -0.0534 (-1.48%). Crude oil and gasoline prices are under pressure today from a rally in the dollar index ($DXY ) to a 2-week high. Also, signs that OPEC+ may boost its...
June WTI crude oil (CLM26 ) today is down -0.19 (-0.19%), and June RBOB gasoline (RBM26 ) is down -0.0534 (-1.48%). Crude oil and gasoline prices are under pressure today from a rally in the dollar index ($DXY ) to a 2-week high. Also, signs that OPEC+ may boost its...
The UK government gave planning permission to three offshore wind farms, which could create as much as 4 gigawatts of new capacity as Britain steps up support for renewable energy. The Department for Energy Security and Net Zero granted development consent to RWE AG and Masdar ’s two Dogger Bank South offshore wind farms on Thursday, nearly two years after the application was first made. The proje...
The UK government gave planning permission to three offshore wind farms, which could create as much as 4 gigawatts of new capacity as Britain steps up support for renewable energy. The Department for Energy Security and Net Zero granted development consent to RWE AG and Masdar ’s two Dogger Bank South offshore wind farms on Thursday, nearly two years after the application was first made. The projects each have 1.5 GW of capacity. The government also gave planning consent to the North Falls wind farm off the coast of Suffolk, which would add 1GW of capacity. RWE and Masdar’s Dogger Bank South projects were the only ones to win subsidy contracts in a government auction earlier this year, despite not having planning permission. The companies said they would now seek to reach a final investment decision in 2027. Britain continues to have some of the highest electricity prices in Europe, which has underpinned moves to develop offshore wind as part of a broader 2030 clean-power goal. The government has said investing in renewables and moving away from a gas-based electric system will ultimately lower costs, but it does mean that the high upfront expense of building wind farms is passed on to consumers in the short term.
Ford at the New York International Auto Show in New York City on April 2, 2026. Danielle DeVries | CNBC Ford Motor shares have been on a tear the past couple days as buzz around its relationship to energy storage could be setting up the stock to join names in more viral areas of the market. The stock jumped more than 6% during Thursday's session, a move that comes after a 13% pop in the prior trad...
Ford at the New York International Auto Show in New York City on April 2, 2026. Danielle DeVries | CNBC Ford Motor shares have been on a tear the past couple days as buzz around its relationship to energy storage could be setting up the stock to join names in more viral areas of the market. The stock jumped more than 6% during Thursday's session, a move that comes after a 13% pop in the prior trading day. Prior to those spikes though, the name hadn't moved much this week, being down more than 2% altogether between Monday and Tuesday. Stock Chart Icon Stock chart icon Ford, 5-day The company had announced Ford Energy earlier this week – a wholly-owned subsidiary that looks to offer battery energy storage systems assembled in the U.S. "for utilities, data centers and large industrial and commercial customers" in the country. This comes three years after the company said it's going to work with Chinese battery company Contemporary Amperex Technology Co. (CATL) on a $3.5 billion electric vehicle battery plant in Michigan. While that partnership swiftly drew scrutiny from U.S. lawmakers , this week's announcement spurred discussion among analysts about a U.S. company utilizing technology from a Chinese company. The automaker's formal introduction of Ford Energy is especially timely given the high-stakes summit between President Donald Trump and Chinese President Xi Jinping – where the two sides agreed to establish a more cooperative relationship . In a note dated Tuesday, Morgan Stanley called the subsidiary an "underappreciated driver" of a path to profitability for its Model e electric vehicles. Now, with Ford's entrance into the energy storage market and its licensing tech from CATL, the firm said there is a "fairly high likelihood" that the automaker will strike energy storage supply agreements with large commercial customers and possibly hyperscalers over the "next few months." "Energy storage is a new business, but they have the right technology," a team of Morgan ...
Cases follow a recent outbreak in Kent that killed two and left more than a dozen others in hospital in March One person has died and two more are being treated after an outbreak of meningitis in Berkshire, health officials have said. It follows a major outbreak in Kent , linked to a Canterbury nightclub, that killed two people and left more than a dozen others needing hospital treatment in March....
Cases follow a recent outbreak in Kent that killed two and left more than a dozen others in hospital in March One person has died and two more are being treated after an outbreak of meningitis in Berkshire, health officials have said. It follows a major outbreak in Kent , linked to a Canterbury nightclub, that killed two people and left more than a dozen others needing hospital treatment in March. On Thursday, the UK Health Security Agency (UKHSA) confirmed new cases had been found in Reading, and that a student had died. Continue reading...
Alistair Berg Shopify ( SHOP ) and Qualcomm ( QCOM ) have received upgrades as analysts point to accelerating e-commerce trends and emerging AI opportunities. Meanwhile, Advanced Micro Devices ( AMD ) and Angi ( ANGI ) face downgrades amid concerns over stretched valuations and deteriorating business fundamentals. Upgrades Shopify ( SHOP ): Rating Upgrade by The Asian Investor . The analyst cites ...
Alistair Berg Shopify ( SHOP ) and Qualcomm ( QCOM ) have received upgrades as analysts point to accelerating e-commerce trends and emerging AI opportunities. Meanwhile, Advanced Micro Devices ( AMD ) and Angi ( ANGI ) face downgrades amid concerns over stretched valuations and deteriorating business fundamentals. Upgrades Shopify ( SHOP ): Rating Upgrade by The Asian Investor . The analyst cites accelerating revenue growth driven by robust e-commerce trends and the expansion of AI-powered Merchant Solutions, with Q1’26 revenue growing 34% year-over-year to $3.2B. “Given that shares of Shopify indeed pulled back in 2026, on growing fears that AI will be detrimental to the business models of software technology companies, I am up-grading shares to 'Buy' due to an improved valuation setup.” Qualcomm ( QCOM ): Upgrade to Buy by Tech Stock Pros . The analysts believe smartphone headwinds are now priced in, with the company’s AI diversification and custom silicon engagement with a major hyperscaler signaling a turning point. “We believe the company is just now ramping up its AI persona and see it quickly becoming a fan-favorite within the chip sector as investors forecast what the agentic AI moment will require. The hyperscale design win for shipments in the December quarter is a definite positive, and we expect the market to react more positively to the added detail that Investor Day will bring.” Downgrades Advanced Micro Devices ( AMD ): Rating Downgrade by Cash Flow Venue . The analyst believes AMD’s over 60x P/E valuation is no longer justified by its growth potential and recommends investors lock in profits after a massive rally. “I think AMD's growth prospects don't justify its valuation. Yes, I agree that they are impressive if we only compare them to AMD's history. But I don't think it's a right way to think about it. Right now, I see a much better opportunity with NVDA.” Angi ( ANGI ): Downgrade to Sell by Gary Alexander . The analyst warns that Angi’s risky AI ...
Alistair Berg Shopify ( SHOP ) and Qualcomm ( QCOM ) have received upgrades as analysts point to accelerating e-commerce trends and emerging AI opportunities. Meanwhile, Advanced Micro Devices ( AMD ) and Angi ( ANGI ) face downgrades amid concerns over stretched valuations and deteriorating business fundamentals. Upgrades Shopify ( SHOP ): Rating Upgrade by The Asian Investor . The analyst cites ...
Alistair Berg Shopify ( SHOP ) and Qualcomm ( QCOM ) have received upgrades as analysts point to accelerating e-commerce trends and emerging AI opportunities. Meanwhile, Advanced Micro Devices ( AMD ) and Angi ( ANGI ) face downgrades amid concerns over stretched valuations and deteriorating business fundamentals. Upgrades Shopify ( SHOP ): Rating Upgrade by The Asian Investor . The analyst cites accelerating revenue growth driven by robust e-commerce trends and the expansion of AI-powered Merchant Solutions, with Q1’26 revenue growing 34% year-over-year to $3.2B. “Given that shares of Shopify indeed pulled back in 2026, on growing fears that AI will be detrimental to the business models of software technology companies, I am up-grading shares to 'Buy' due to an improved valuation setup.” Qualcomm ( QCOM ): Upgrade to Buy by Tech Stock Pros . The analysts believe smartphone headwinds are now priced in, with the company’s AI diversification and custom silicon engagement with a major hyperscaler signaling a turning point. “We believe the company is just now ramping up its AI persona and see it quickly becoming a fan-favorite within the chip sector as investors forecast what the agentic AI moment will require. The hyperscale design win for shipments in the December quarter is a definite positive, and we expect the market to react more positively to the added detail that Investor Day will bring.” Downgrades Advanced Micro Devices ( AMD ): Rating Downgrade by Cash Flow Venue . The analyst believes AMD’s over 60x P/E valuation is no longer justified by its growth potential and recommends investors lock in profits after a massive rally. “I think AMD's growth prospects don't justify its valuation. Yes, I agree that they are impressive if we only compare them to AMD's history. But I don't think it's a right way to think about it. Right now, I see a much better opportunity with NVDA.” Angi ( ANGI ): Downgrade to Sell by Gary Alexander . The analyst warns that Angi’s risky AI ...
Bloomberg's James Attwood joins Vonnie Quinn on "Bloomberg Markets." Gold swung between gains and losses as investors weighed the Federal Reserve’s interest-rate path after US data this week showed a war-driven surge in inflation. (Source: Bloomberg)
Bloomberg's James Attwood joins Vonnie Quinn on "Bloomberg Markets." Gold swung between gains and losses as investors weighed the Federal Reserve’s interest-rate path after US data this week showed a war-driven surge in inflation. (Source: Bloomberg)
Palantir Technologies (PLTR) is a name commanding significant attention on Wall Street today. The reason is the reputation built on the back of government agencies, military systems, and intelligence operations. However, a common theme for Palantir is the move to become a favorite of corporate ...
Palantir Technologies (PLTR) is a name commanding significant attention on Wall Street today. The reason is the reputation built on the back of government agencies, military systems, and intelligence operations. However, a common theme for Palantir is the move to become a favorite of corporate ...
South Africa's Garrick Higgo receives a rare two-shot penalty at the start of his first round - for arriving a minute late to the tee - denying him a share of the US PGA Championship lead.
South Africa's Garrick Higgo receives a rare two-shot penalty at the start of his first round - for arriving a minute late to the tee - denying him a share of the US PGA Championship lead.
Investors choosing between the iShares Core S&P 500 ETF (NYSEMKT:IVV) and iShares Russell 2000 ETF (NYSEMKT:IWM) are essentially deciding between lower-cost, technology-heavy large-cap stability and volatile small-cap exposure. Both iShares offerings provide foundational broad-market exposure, but they target opposite ends of the capitalization spectrum. While IWM tracks small-cap companies, IVV f...
Investors choosing between the iShares Core S&P 500 ETF (NYSEMKT:IVV) and iShares Russell 2000 ETF (NYSEMKT:IWM) are essentially deciding between lower-cost, technology-heavy large-cap stability and volatile small-cap exposure. Both iShares offerings provide foundational broad-market exposure, but they target opposite ends of the capitalization spectrum. While IWM tracks small-cap companies, IVV follows the S&P 500, making it a staple for those seeking large-cap growth and stability within a diversified portfolio. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
GameStop The simple model of GameStop Corp.’s proposal to acquire eBay Inc. is: Ryan Cohen, the chief executive officer of GameStop, thinks he should be the CEO of eBay. That is not a job that you can apply for by filling out an application on the website. For one thing, eBay is a $50 billion public company, and public companies rarely hire new CEOs through cold outreach. For another thing, eBay h...
GameStop The simple model of GameStop Corp.’s proposal to acquire eBay Inc. is: Ryan Cohen, the chief executive officer of GameStop, thinks he should be the CEO of eBay. That is not a job that you can apply for by filling out an application on the website. For one thing, eBay is a $50 billion public company, and public companies rarely hire new CEOs through cold outreach. For another thing, eBay has a CEO already and was not, prior to Cohen’s outreach, looking to replace him. Also Cohen is himself already the CEO of a public company, GameStop, which is not strictly disqualifying but might make it hard to get another public CEO job. If you are an ambitious and energetic person, and you want your dream job, but the hiring manager is not returning your calls, you could always try stunts. You print your resume on a cake and send it to the company. You stand outside the hiring manager’s house singing a song you wrote about your qualifications. Or, in Cohen’s case, you (1) lob in a vague acquisition offer, (2) lay out how you’d cut costs and make eBay more valuable if you were in charge and (3) also auction your socks on eBay to pay for it. It’s that combination of demonstrating your commitment and qualifications, while also doing some viral nonsense to get noticed. In the case where your dream job is being the CEO of a particular public company, and the company already has a CEO and is not returning your calls, there are two standard sorts of stunt you can pull: You can do activism . You can buy some stock and send a letter to the board saying “I am a shareholder, I think current management is all wrong, and I would like to talk to you about my ideas.” (Your first idea is “make me CEO,” so you can implement your other ideas.) And then if the board says no, you run an activist campaign: You go out to other shareholders and try to get them on board with your ideas; if necessary, you run a proxy fight to vote out the existing board of directors and put your nominees in char...
Tesla (NASDAQ:TSLA) at $445.27 is a hold. The stock has run 26.35% in the past month on a clean Q1 margin reset, but it now trades above the Street’s consensus target and at multiples that demand near-flawless execution on Cybercab, Robotaxi, and Optimus. Tesla is pitched as a physical AI company spanning electric vehicles, energy ... Tesla at $445: Buy, Sell or Hold?
Tesla (NASDAQ:TSLA) at $445.27 is a hold. The stock has run 26.35% in the past month on a clean Q1 margin reset, but it now trades above the Street’s consensus target and at multiples that demand near-flawless execution on Cybercab, Robotaxi, and Optimus. Tesla is pitched as a physical AI company spanning electric vehicles, energy ... Tesla at $445: Buy, Sell or Hold?
Certain Iowa school districts face a “one-in-two chance” of a credit rating downgrade by S&P Global Ratings after the state approved a new property tax reform measure. The Iowa General Assembly passed a property tax reform bill this month that will redirect a portion of revenue collected from its statewide 1% sales tax. Instead of being used for school infrastructure, it will now help provide reli...
Certain Iowa school districts face a “one-in-two chance” of a credit rating downgrade by S&P Global Ratings after the state approved a new property tax reform measure. The Iowa General Assembly passed a property tax reform bill this month that will redirect a portion of revenue collected from its statewide 1% sales tax. Instead of being used for school infrastructure, it will now help provide relief to property taxpayers. Under the measure, the diversion rate of the school sales tax will rise to 25% by fiscal year 2031, up from 7.1% now, according to an S&P’s rating report released this week. Several states including Florida and Texas are also contemplating measures to lower property tax bills for residents. Proponents point to the affordability crunch faced by homeowners whose payments have soared since the pandemic. Those opposed are raising concerns about how else local governments will pay for essential services. The new measure in Iowa creates a “material reduction” in revenue for schools, noted S&P analysts led by Andrew Truckenmiller. For districts that issued debt secured by that revenue, maximum annual debt service levels will be reduced “in a way that might be inconsistent with current ratings.” As a result, S&P has put those school districts on “CreditWatch with negative implications.” The ratings company will be reviewing each district’s finances individually and look to take any ratings actions within 90 days.
Governing Council member Yannis Stournaras warned that the European Central Bank could be forced to hike borrowing costs if the price of oil maintains its current level, according to Athens News Agency . “That falls between the second and third scenarios, rather than the first and second of the ECB,” he said, referring to the baseline, adverse and severe paths for growth and inflation the ECB pres...
Governing Council member Yannis Stournaras warned that the European Central Bank could be forced to hike borrowing costs if the price of oil maintains its current level, according to Athens News Agency . “That falls between the second and third scenarios, rather than the first and second of the ECB,” he said, referring to the baseline, adverse and severe paths for growth and inflation the ECB presented in March. “If it continues, then the ECB will have no other option but to raise interest rates,” the Greek central bank chief said. “But we all hope to avoid that.” Brent crude has held above $100 a barrel for most of the past three weeks as US President Donald Trump struggles to force Iran to reopen the Strait of Hormuz. It traded around $105 on Thursday. Markets and economists expect the ECB to hike rates by 25 basis points when they meet in June. While some policymakers are signaling that they have seen enough in data to support such a move, others have said the outlook needs to weaken further for them to act. Persistent higher oil prices would cause an economic slowdown as well as rising inflation, ANA cited Stournaras as saying. If the rise in inflation is small, then “we will see a small increase in interest rates,” the central bank governor said. If inflation rises sharply and remains high for a long time, then “I fear we will face other scenarios,” he added. ECB to Hike If Oil Deanchors CPI Expectations, Kazaks Says Why the ECB’s June Interest-Rate Hike Is Becoming Less Certain Lagarde Says ECB Torn Between Risk of Acting Too Early, Too Late
Hours before lifting a glass with President Trump at a state banquet in Beijing’s Great Hall of the People on Thursday, Chinese leader Xi Jinping delivered a pointed warning about Taiwan. If the issue is “handled poorly,” Xi said, the two countries could “collide or even clash,” putting the entire U.S.-China relationship in “an extremely ... Xi Warns Trump of Possible “Clash” Over Taiwan Just Hour...
Hours before lifting a glass with President Trump at a state banquet in Beijing’s Great Hall of the People on Thursday, Chinese leader Xi Jinping delivered a pointed warning about Taiwan. If the issue is “handled poorly,” Xi said, the two countries could “collide or even clash,” putting the entire U.S.-China relationship in “an extremely ... Xi Warns Trump of Possible “Clash” Over Taiwan Just Hours Before Banquet Toast