(RTTNews) - The Japanese market is trading modestly lower on Friday after opening in the green, extending the losses in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 62,550 level, with weakness in technol
(RTTNews) - The Japanese market is trading modestly lower on Friday after opening in the green, extending the losses in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 62,550 level, with weakness in technol
The stock market hit highs as Nvidia led and AI chip IPO Cerebras soared in its debut, while Broadcom and Taiwan Semiconductor flashed buy signals. The Trump-Xi summit continues.
The stock market hit highs as Nvidia led and AI chip IPO Cerebras soared in its debut, while Broadcom and Taiwan Semiconductor flashed buy signals. The Trump-Xi summit continues.
Earnings Call Insights: FitLife Brands (FTLF) Q1 2026 Management View "For the first quarter of 2026, total revenue was $25.3 million, an increase of 59% compared to the same quarter last year, with the increase driven primarily by the acquisition of Irwin, partially offset by weakness in Legacy FitLife," said (Chairman & CEO Dayton Judd). "Gross margin was 37.6% compared to 43.1% during the first...
Earnings Call Insights: FitLife Brands (FTLF) Q1 2026 Management View "For the first quarter of 2026, total revenue was $25.3 million, an increase of 59% compared to the same quarter last year, with the increase driven primarily by the acquisition of Irwin, partially offset by weakness in Legacy FitLife," said (Chairman & CEO Dayton Judd). "Gross margin was 37.6% compared to 43.1% during the first quarter of 2025," Judd said, adding that the decline was "primarily due to the acquisition of Irwin" and that the company expects Irwin margins "to continue to increase over time" as it works through supply chain initiatives. Judd emphasized leverage and debt paydown following the Irwin acquisition: "We made a scheduled amortization payment of approximately $1.5 million during the first quarter, bringing our term loan balance to $37.6 million" and "paid down an additional $1.4 million" on the revolver, ending at "$4.2 million," while stating, "We intend to continue to deploy excess free cash flow to further reduce indebtedness." On channel and product catalysts, Judd highlighted accelerating Irwin Amazon sales and new brick-and-mortar placement: "we are encouraged by the continued growth of Irwin's Amazon business with revenue in April reaching approximately $900,000" and "excited to announce the launch of 2 MusclePharm SKUs in several hundred Kroger stores nationwide beginning in June." No prepared remarks from the CFO (CFO Jacob York) were included in the transcript, and no CFO direct quote was provided. Outlook Management did not provide formal guidance in Q1 2026; the prepared remarks focused on operational priorities and leading indicators (Amazon growth, out-of-stocks, and wholesale placement) rather than quantified companywide revenue or EPS targets. Judd framed an internal milestone for Irwin on Amazon: "I don't see a reason why we wouldn't get to at least $1 million a month," citing additional SKU listings still being set up, out-of-stock recovery, a Canada launch...
Singapore Management University ’s endowment has named Don Guo as chief investment officer, turning to a Prudential Plc veteran to oversee the $1.2 billion fund. Guo started on April 1, replacing Harvey Toor , who will leave the school at the end of June, a spokesperson for the university confirmed in an emailed statement. Guo was group CIO of insurer Prudential from September 2022 until he steppe...
Singapore Management University ’s endowment has named Don Guo as chief investment officer, turning to a Prudential Plc veteran to oversee the $1.2 billion fund. Guo started on April 1, replacing Harvey Toor , who will leave the school at the end of June, a spokesperson for the university confirmed in an emailed statement. Guo was group CIO of insurer Prudential from September 2022 until he stepped down last year. The endowment stood at S$1.5 billion ($1.2 billion) as of March 31. It invests across asset classes including private equity and hedge funds, the spokesperson said.
Currency traders are increasingly alert to the risk of further market intervention by Japan following a 1% slide in the yen this week that has pushed it to 158 per dollar. The yen has now retraced more than half of the gains triggered by multiple rounds of intervention in the period from April 30 through Japan’s Golden Week holidays. It traded at 158.47 as of 10:17 a.m. in Tokyo on Friday, putting...
Currency traders are increasingly alert to the risk of further market intervention by Japan following a 1% slide in the yen this week that has pushed it to 158 per dollar. The yen has now retraced more than half of the gains triggered by multiple rounds of intervention in the period from April 30 through Japan’s Golden Week holidays. It traded at 158.47 as of 10:17 a.m. in Tokyo on Friday, putting it on track for its biggest weekly loss in two months. Elevated oil prices, broad dollar strength and the Iran conflict continue to weigh on the yen, along with the impact of Japan’s wide interest-rate gap with the US. Given that there is little prospect of an early end to tension in the Middle East, and that the Bank of Japan won’t decide on interest rates again until mid June, market intervention looms as the obvious tool for authorities to use to stem yen weakness. The threat of Japan wading into the market is for now reducing the likelihood of dollar-yen going to 160, according to Vincent Chung , a portfolio manager at T. Rowe Price. “The effectiveness of further intervention will likely be determined by whether there is dollar weakness as well,” he said. “An accelerated hiking cycle for BOJ would also help close the interest rate differential gap.” While Japan has continued to decline to comment directly on whether it intervened to prop up the yen, people familiar with the matter have said authorities came into the market on April 30. Analysis of the central bank’s accounts indicates likely intervention of around as much as ¥10 trillion yen ($63 billion) from then through to the end of Japan’s Golden Week holidays on May 6. Bank of Japan board member Kazuyuki Masu on Thursday called for interest rates to be increased as soon as possible , provided there is no indication of the economy running into trouble, citing more enduring inflationary risks from the war in Iran. Overnight index swaps imply traders are pricing in a 77% chance of a June rate hike. At the same time,...
Grenade-Type IED Found At Alabama Dam Raises Alarm Over Critical Infrastructure Threats Divers recovered and safely detonated a grenade-type improvised explosive device at the J.B. Converse Reservoir dam in Mobile, Alabama, a federally designated critical infrastructure site that supplies the region's drinking water. Local outlet Fox10TV reports that the Gulf Coast Regional Maritime Response and R...
Grenade-Type IED Found At Alabama Dam Raises Alarm Over Critical Infrastructure Threats Divers recovered and safely detonated a grenade-type improvised explosive device at the J.B. Converse Reservoir dam in Mobile, Alabama, a federally designated critical infrastructure site that supplies the region's drinking water. Local outlet Fox10TV reports that the Gulf Coast Regional Maritime Response and Render-Safe Team retrieved and detonated the grenade-type IED at the 3,600-acre artificial reservoir, which holds about 17 billion gallons of water and serves as the primary drinking water source for the 350,000 people in the Mobile area. 🚨WHAT THE HELL?!!!! Divers doing a ROUTINE maintenance check at the Converse Reservoir dam in Mobile, AL... ...just found an underwater IED!!!! Apparently a grenade-type bomb was sitting submerged at the bottom of a dam that holds an entire city's DRINKING WATER. It took… pic.twitter.com/Rh5VQMspcU — Matt Van Swol (@mattvanswol) May 14, 2026 Divers conducting routine maintenance surveys found the device, prompting a multi-agency response that included the Mobile County Sheriff's Office, the FBI Bomb Squad, the Mobile Police Department Explosive Ordnance Detail, the ALEA Bomb Squad, and the Daphne Search and Rescue Team. The Department of Homeland Security was notified of the incident. " This is an unprecedented threat, and we are fortunate that this device was discovered before it could cause serious damage to our water supply or harm to individuals. We are grateful for the professionalism and competency of our law enforcement partners – as well as the quick thinking of our contractors and divers – in identifying this device and safely destroying it ," Bud McCrory, the director of Mobile Area Water and Sewer System, stated. The incident recalls a 2010 report from Texas , when federal agents warned that Mexican drug cartels were plotting to blow up a border dam. The broader infrastructure security concern today is far more serious, given the...
Petroleos Mexicanos Chief Executive Officer Víctor Rodríguez Padilla is stepping down as head of the state oil company and will be replaced by Juan Carlos Carpio, Mexico’s President Claudia Sheinbaum said in a video posted on X. The company’s board still needs to approve the appointment. Carpio was serving as Pemex’s chief financial officer.
Petroleos Mexicanos Chief Executive Officer Víctor Rodríguez Padilla is stepping down as head of the state oil company and will be replaced by Juan Carlos Carpio, Mexico’s President Claudia Sheinbaum said in a video posted on X. The company’s board still needs to approve the appointment. Carpio was serving as Pemex’s chief financial officer.
(RTTNews) - The Hong Kong stock market has finished higher in back-to-back sessions, collecting more than 40 points or 0.2 percent in that span. The Hang Seng Index now rests just beneath the 26,390 point plateau and it's expected to open in the green again on Friday.
(RTTNews) - The Hong Kong stock market has finished higher in back-to-back sessions, collecting more than 40 points or 0.2 percent in that span. The Hang Seng Index now rests just beneath the 26,390 point plateau and it's expected to open in the green again on Friday.
ismagilov/iStock via Getty Images Neutral sentiment among individual investors about the short-term outlook for stocks decreased in the latest AAII Sentiment Survey. Meanwhile, optimism and pessimism increased. Bullish sentiment, expectations that stock prices will rise over the next six months, increased 1.0 percentage point to 39.3%. Bullish sentiment is above its historical average of 37.5% for...
ismagilov/iStock via Getty Images Neutral sentiment among individual investors about the short-term outlook for stocks decreased in the latest AAII Sentiment Survey. Meanwhile, optimism and pessimism increased. Bullish sentiment, expectations that stock prices will rise over the next six months, increased 1.0 percentage point to 39.3%. Bullish sentiment is above its historical average of 37.5% for the fourth consecutive week. Neutral sentiment, expectations that stock prices will stay essentially unchanged over the next six months, decreased 4.7 percentage points to 24.1%. Neutral sentiment is below its historical average of 31.5% for the 95th time in 97 weeks. Bearish sentiment, expectations that stock prices will fall over the next six months, increased 3.7 percentage points to 36.6%. Bearish sentiment is above its historical average of 31.0% for the 14th consecutive week. The bull-bear spread (bullish minus bearish sentiment) decreased 2.7 percentage points to 2.7%. The bull-bear spread is below its historical average of 6.5% for the 13th time in 14 weeks. This week’s special question asked AAII members what type of stocks they are favoring right now. Here is how they responded: Growth stocks: 21.1% Dividend stocks: 17.0% Value stocks: 13.2% Small-cap stocks: 4.5% A mix of the above/other: 43.8% The AAII Sentiment Survey has been conducted weekly since July 1987.