George Mattson, CEO of private aviation company Wheels Up, said that his company is 'immunized' from the impact of fuel cost spikes because they are able to pass off surcharges to customers willing to pay a premium. Mattson discussed Delta's investment in the private sphere and said the airline company sees Wheels Up as an extension of its growing premium commercial strategy. (Source: Bloomberg)
George Mattson, CEO of private aviation company Wheels Up, said that his company is 'immunized' from the impact of fuel cost spikes because they are able to pass off surcharges to customers willing to pay a premium. Mattson discussed Delta's investment in the private sphere and said the airline company sees Wheels Up as an extension of its growing premium commercial strategy. (Source: Bloomberg)
State officials in New York say the Salmon River district's special education program confined young children with disabilities in wooden boxes. Parents weren't notified. (Image credit: Used with permision)
State officials in New York say the Salmon River district's special education program confined young children with disabilities in wooden boxes. Parents weren't notified. (Image credit: Used with permision)
peterschreiber.media/iStock via Getty Images Gemini Space Station ( GEMI ) stock was up after the crypto and prediction markets platform reported better-than-expected first-quarter earnings and disclosed a $100M strategic investment by Winklevoss Capital Fund. WCF acquired 7.14M class A shares of the company at $14 per share, with the consideration paid in bitcoin ( BTC-USD ). Shares were 13.88% h...
peterschreiber.media/iStock via Getty Images Gemini Space Station ( GEMI ) stock was up after the crypto and prediction markets platform reported better-than-expected first-quarter earnings and disclosed a $100M strategic investment by Winklevoss Capital Fund. WCF acquired 7.14M class A shares of the company at $14 per share, with the consideration paid in bitcoin ( BTC-USD ). Shares were 13.88% higher at $5.99 during post-market trading on Thursday. The transaction enhances Gemini's liquidity and supports continued investment in product development, strategic initiatives, and general corporate purposes. "We believe the market has significantly undervalued Gemini, and that this investment will allow us to set up the company for its next phase of growth," said CEO Tyler Winklevoss. "As Gemini continues to evolve, we expect that the momentum we have built in diversifying our revenue will only accelerate," said President Cameron Winklevoss. Net loss per share improved to $0.93 in Q1 from $30.34 in the same period a year ago, better than the Visible Alpha consensus of -$1.07. Total revenue increased 42% year-over-year to $50.3M, above the average analyst estimate of $49.48M. The growth was attributed to an increase in services and OTC revenue. Adjusted EBITDA improved to -$59.9M from -$61.6M. Additionally, the New York-based company said its Predictions unit gained meaningful traction in Q1 and accelerated into Q2, with April volume up 78% month-over-month. Earnings call is scheduled for 8:30 AM ET tomorrow. More on Gemini Space Station, Inc. Gemini Space Station, Inc. (GEMI) Q4 2025 Earnings Call Transcript Gemini Space Station: Dismal Quarter After Crypto Plunge Gemini Space Station: Not Chasing This Crypto Turnaround Yet Most and least shorted small-cap financial stocks at April's end Gemini stock surges on plans of its own regulated derivatives clearinghouse
New Workarounds Will Evolve in Energy, Some More Permanent CoreDesignKEY/iStock via Getty Images Like the oil futures and physical markets, the stock market and the real economy seem disconnected to some extent. U.S. consumers feel the pain at the pump and are responding accordingly. In the last week, I’ve heard from various analysts, experts, and producers in energy. Looking for new insight about...
New Workarounds Will Evolve in Energy, Some More Permanent CoreDesignKEY/iStock via Getty Images Like the oil futures and physical markets, the stock market and the real economy seem disconnected to some extent. U.S. consumers feel the pain at the pump and are responding accordingly. In the last week, I’ve heard from various analysts, experts, and producers in energy. Looking for new insight about the gravity and impact of the oil and gas crisis stemming from the Middle East, the most common and accurate refrain is: Nobody knows. Those in the industry offer mixed reviews of the situation owing to the many different value chains in energy and demand centers. So what do we know about this crisis now? The Strait of Hormuz is effectively closed. That means around 10-12% of the oil supply has been affected. More physical shortages are coming. A last count of the afflicted was 12-13 m/b/d. (See “ Over a Barrel ” from last week.) Price return chart of Indices (Seeking Alpha) The Flows Saudi Arabia’s flows are being diverted through its East-West pipeline, the new quest to find alternatives to get product to market. Up to 5 m/b/d can be flowed this way and exported outside of Hormuz, which is happening; the pipeline could potentially hold 7 m/b/d of capacity. In fact, Aramco has received higher price realizations and itself benefited from reflowing crude away from Hormuz. Rail lines are being used to move some coveted consumer goods to the UAE. Saudi crude exports (Bloomberg) Aramco’s Chief Executive Officer Amin Nasser said recently : “If trade flows resume immediately or today through the Strait of Hormuz, it will take a few months for the oil market to rebalance. (However), if trade and shipping remain curtailed by more than a few weeks from today, we anticipate the supply disruption to persist, and the market to normalize only in 2027.” Saudi Arabia’s crude oil exports are important in global markets. They now have 60% of pre-war exports online. If the UAE can ramp up a...
MONTRÉAL, 14 mai 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSX : FLT) (OTCQX : TAKOF) (FSE : ABB. F) (« Volatus » ou la « Compagnie »), une entreprise mondiale de l'aérospatiale et de la défense contrôlée par le Canada, a publié aujourd'hui ses résultats financiers consolidés intérimaires condensés non audités pour les trois mois se terminant le 31 mars 2026.
MONTRÉAL, 14 mai 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSX : FLT) (OTCQX : TAKOF) (FSE : ABB. F) (« Volatus » ou la « Compagnie »), une entreprise mondiale de l'aérospatiale et de la défense contrôlée par le Canada, a publié aujourd'hui ses résultats financiers consolidés intérimaires condensés non audités pour les trois mois se terminant le 31 mars 2026.
J Studios/DigitalVision via Getty Images ZWU:CA At A Glance The ticker ZWU:CA belongs to the BMO Covered Call Utilities ETF ( ZWU:CA ), which is a passively managed exchange-traded fund with a NAV of about $2.2bn CAD that invests in North American utility, pipeline, and telecom companies while also writing covered call options on the underlying holdings to generate additional cash. BMO has designe...
J Studios/DigitalVision via Getty Images ZWU:CA At A Glance The ticker ZWU:CA belongs to the BMO Covered Call Utilities ETF ( ZWU:CA ), which is a passively managed exchange-traded fund with a NAV of about $2.2bn CAD that invests in North American utility, pipeline, and telecom companies while also writing covered call options on the underlying holdings to generate additional cash. BMO has designed the fund to appeal to income-focused investors who want the defensive characteristics of the utilities sector but with a yield boost from options premiums on top of the base dividend income. With the US and Iran war still ongoing as Trump tries to distract the markets in China , WTI remains above $100, and the Strait of Hormuz is still effectively shut to tanker traffic. While equity markets rallied in April on buzz that Trump was looking to make a deal, in this case he's not the only stakeholder, with both Israel and Iran involved as more than just side participants. In this environment I think the defensiveness and income generation of ZWU:CA are a plus. Meanwhile, the Canadian telecom sector — which many dividend investors have traditionally relied on for income — has been brutal recently. BCE slashed its dividend by 56% in May 2025, and Telus froze its dividend growth in December 2025 after its share price fell nearly 46% from its 2022 highs. Investors holding these names individually have been burned, but the bottom looks in, and ZWU:CA has given you some protection with managed, diversified, income-generating exposure to these and related names without being trapped in a single-name dividend deterioration story. Given the geopolitical outlook and the makeup of the fund, I like ZWU:CA and own it personally as an income sleeve worth ~5-7% of my portfolio. Fund Breakdown ZWU:CA was launched on October 20, 2011 , by BMO Asset Management with a mandate to provide exposure to utility companies to generate income and long-term capital appreciation while mitigating downside...
Sean Gallup/Getty Images News Shopify ( SHOP ) received a $100M investment from Josh Kushner’s Thrive Capital, launching shares of the platform higher into Thursday’s close. Known for typically investing in tech startups, Thrive Capital framed its stake in Shopify ( SHOP ) as a bet on artificial intelligence reshaping the e-commerce space. The company recently reached a $100B milestone in gross me...
Sean Gallup/Getty Images News Shopify ( SHOP ) received a $100M investment from Josh Kushner’s Thrive Capital, launching shares of the platform higher into Thursday’s close. Known for typically investing in tech startups, Thrive Capital framed its stake in Shopify ( SHOP ) as a bet on artificial intelligence reshaping the e-commerce space. The company recently reached a $100B milestone in gross merchandise value and is investing in AI technology to drive growth. “AI-driven traffic to Shopify stores has grown 8x year-over-year. And new buyer orders from AI searches are actually occurring at nearly twice the rate of traditional organic search,” Shopify CEO Harley Finkelstein said on the company’s most recent earnings call. “The AI era has now reached commerce, and you’re about to see what that looks like at scale,” he added. The adoption of agentic tools has clearly caught the attention of investors. In addition to Thrive’s $100M stake, ARK Invest recently purchased $32.6M in Shopify ( SHOP ) shares after the company reported upbeat Q1 results . Shopify ( SHOP ) closed more than 3% higher on Thursday. More on Shopify Inc Shopify: Growth Acceleration (Rating Upgrade) Shopify: Buying The Post-Earnings Dip Makes Complete Sense (Review) Shopify Inc. (SHOP) Q1 2026 Earnings Call Transcript SA analyst upgrades/downgrades: AMD, QCOM, SHOP, ANGI Tech stocks lead Nasdaq with Datadog emerging as highest weekly gainer
Tyler and Cameron Winklevoss, the billionaire twins who founded Gemini Space Station Inc., made a $100 million “strategic investment” into the money-losing crypto exchange. Winklevoss Capital Fund LLC made the infusion into the New York-based firm at a price of $14 a share of the company’s Class A common stock, with consideration paid in Bitcoin. The stock jumped about 15% in post-market trading, ...
Tyler and Cameron Winklevoss, the billionaire twins who founded Gemini Space Station Inc., made a $100 million “strategic investment” into the money-losing crypto exchange. Winklevoss Capital Fund LLC made the infusion into the New York-based firm at a price of $14 a share of the company’s Class A common stock, with consideration paid in Bitcoin. The stock jumped about 15% in post-market trading, after closing at $5.26 on Thursday. The shares have slumped more than 80% in the past year. “We believe the market has significantly undervalued Gemini, and that this investment will allow us to set up the company for its next phase of growth,” Chief Executive Officer Tyler Winklevoss said in a statement. “Gemini has achieved several major product and regulatory milestones that position us well to evolve from a crypto company into a markets company. This investment will help fuel that ambition and set Gemini up for long-term success.” Gemini is a relatively small crypto exchange in a market where scale increasingly matters. Like other crypto exchanges, it’s been navigating rough waters since the price of market bellwether Bitcoin plummeted from a record high in October. In March, Gemini said workforce cuts had reached roughly 30% since the start of the year. Like other crypto firms, it has previously said it is deploying artificial intelligence tools to increase productivity. The company’s first-quarter loss narrowed to $109 million from $149 million in the year-ago period. Revenue jumped by 42% to $50 million in the three months ended March 31, after revenue from services such as credit cards increased. Gemini went public in September 2025, several weeks before the latest crypto downturn hit. The brothers came to prominence after a dispute with Facebook founder Mark Zuckerberg over who came up with the idea for the social network.