Lean hog futures are down 45 to 90 cents in most front months on the Wednesday session. USDA’s national base hog price was reported at $93.62 on Wednesday morning, down 73 cents from the day prior. The CME Lean Hog Index was up 5 cents on May 18 at $90.55. USDA’s pork carcass cutout value from the Wednesday AM report was down 70 cents at $96.18 per cwt. The ham primal was the only reported higher. USDA estimated federally inspected hog slaughter for Tuesday at 485,000 head, taking the week to date total to 939,000. That is down 9,000 head from the previous Monday and 25,538 head below the same week last year. Don’t Miss a Day: Jun 26 Hogs closed at $97.275, down $0.650, Jul 26 Hogs closed at $101.700, down $0.450 Aug 26 Hogs closed at $101.225, down $0.875, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The wheat complex is trading with losses across most contracts on the midweek session. Chicago SRW futures are falling back 8 to 9 cents on the day. KC HRW futures are trading with 5 to 7 cent losses at midday. MPLS spring wheat is down 2 cents in the front months. Export Sales data from FAS will be out on Thursday, as analysts are expected to see 0 to 200,000 MT in old crop wheat business. Sales for 2026/27 are estimated to total 100,000 to 350,000 MT. Don’t Miss a Day: Rains are expected across much of the Southern Plains in the next week, though it is too late for much of the crop. It will likely also delay any early harvest progress. Jul 26 CBOT Wheat closed at $6.58 1/2, down 8 3/4 cents, Sep 26 CBOT Wheat closed at $6.71 1/2, down 8 3/4 cents, Jul 26 KCBT Wheat closed at $6.97 1/2, down 6 1/4 cents, Sep 26 KCBT Wheat closed at $7.08 1/4, down 5 3/4 cents, Jul 26 MIAX Wheat closed at $6.95 1/2, down 2 cents, Sep 26 MIAX Wheat closed at $7.16, down 2 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

格隆汇5月21日｜据CNN报道，在与古巴关系紧张局势升级之际，美国南方司令部宣布，“尼米兹”号航母打击群已抵达加勒比地区。该编队包括航空母舰、舰载航空联队以及至少一艘导弹驱逐舰。这则声明发布的同一天，特朗普政府宣布起诉古巴前领导人劳尔·卡斯特罗。此前报道称，古巴官员认为，这一起诉可能是在为军事干预铺路。委内瑞拉前总统马杜罗此前曾遭美方提起诉讼，随后美军于今年1月展开抓捕行动，将马杜罗押送至美国受审。

SA analyst upgrades/downgrades: TSLA, AMD, HR, CRWV MSN

Thawatchai Chawong/iStock via Getty Images Schwab US Dividend Equity ETF ( SCHD ) gets a ton of attention for good reason. It is one of the most searched, most owned, and most talked-about dividend ETFs out there. Every March, the fund goes through its annual reconstitution, reshuffling holdings based on its screening formula and resetting the portfolio for the next year. The big question is simple: has SCHD benefited from the latest reconstitution? Looking at the first trading day after the reconstitution, March 23, 2026, through the close on May 14, 2026, SCHD climbed from $30.54 to about $31.80 . That works out to roughly a 4% gain in less than two months. For a dividend ETF with a mid-to-high 3% yield and strong dividend growth characteristics, that is not bad at all. But when you compare SCHD to a couple of its peers, the picture gets more interesting. SCHD : up about 4% VYM : up about 7.2% DGRO : up about 6% So yes, SCHD is positive since the reconstitution. But it is also lagging both VYM and DGRO over the same stretch. What the SCHD Reconstitution Actually Does SCHD does not just passively drift along unchanged forever. Each year, the fund effectively re-runs its process. The portfolio gets reshuffled. Some stocks are removed. New stocks are added. Existing positions are resized. The result is a refreshed list of the core 100 holdings that SCHD will carry forward. This year, one of the bigger themes was a reduced emphasis on energy and a bit more exposure to healthcare. That adjustment appears to have helped in some spots, especially with certain new additions that have been on fire. SCHD’s Top 10 Holdings: The Real Story Since March The easiest way to understand how SCHD has performed since the reconstitution is to look at its biggest positions. These top 10 holdings make up about 44% of the entire fund , so their movement matters a lot. And right away, there is a pretty clear pattern: the winners have been huge, but the losers have been numerous. 1. Texas ...

比特币持仓公司Nakamoto Inc．周三宣布，经董事会批准，将对其普通股进行1比40的反向股票分割，旨在将股价推回 纳斯达克 要求的1美元最低买入价以上，以维持上市资格。该拆股将于2026年5月22日生效。 拆股细节：流通股从6.96亿股缩减至1740万股 根据公司向美国证券交易委员会提交的文件，此次反向拆股已在此前于2026年5月8日召开的股东特别大会上获得批准。股东当时授权董事会在1比20至1比50的区间内确定最终比例，董事会随后将比例锁定为1比40。 公司公告显示，反向拆股将于美国东部时间2026年5月22日凌晨12：01正式生效。届时，每40股Nakamoto现有普通股将自动合并为1股新股。以此计算，公司流通股总数将从约6.961亿股缩减至约1740万股。普通股的授权股份总数及每股面值将保持不变。 公司过户代理VStock Transfer将负责本次拆股的实施。对于通过券商持股的股东，其持仓将根据各券商的操作流程自动调整，一般无需采取任何行动。零碎股份将以现金形式支付给符合条件的股东。 目的：满足纳斯达克1美元最低出价规则 此次拆股的核心目标在于满足纳斯达克全球市场的持续上市要求。根据纳斯达克上市规则5450（a）（1），上市公司需维持每股1美元的最低买入价。然而，Nakamoto股价长期承压，在拆股公告发布前交易价格约为0.22美元，低于1美元门槛约79%。公司此前已收到纳斯达克的合规警示，需在2026年6月8日前满足连续10个交易日收盘价高于1美元的要求，否则将面临退市风险。 公司背景与市场解读 Nakamoto是一家以比特币为核心资产配置策略的公司，业务涵盖媒体与信息服务、资产管理和咨询顾问服务。公司持有约5，398枚比特币，按当前价格计算价值约4.83亿美元，但其股票交易价格相对于比特币持仓净值存在约64%的折价。 反向拆股仅从技术上提高名义股价，并不改变公司基本面或股东的实际持股比例与经济权益。市场通常将此类操作视为股价长期受压、投资者信心受损后的“补救措施”。不过，该操作有助于公司保住纳斯达克上市资格，从而维持公开市场流动性并为后续战略争取时间。 截至发稿，Nakamoto股价在拆股消息公布后有所波动。公司提醒投资者，此次拆股并不改变其比特币业务的基本面，能否通过后续运营重新获得市场信任仍是待解的长期课题。 责任编辑：张俊 SF065

建材分销平台Capstone Holding Corp．周三发布2026年第一季度财报。尽管GAAP每股收益略低于预期，但营收与毛利率均录得强劲增长，且公司重申全年指引，预计第二季度调整后EBITDA将实现转正。 业绩概要：营收超预期，毛利率创四年新高 财报显示，Capstone第一季度营收达1260万美元，同比增长60%，超出市场预期180万美元。毛利润增长124%至300万美元，增速为营收的两倍；毛利率从16.8%大幅提升至23.5%，创四年来最佳第一季度毛利率表现。 然而，GAAP每股收益为-0.21美元，略低于市场预期的-0.19美元。调整后EBITDA为-90万美元，较上年同期的-60万美元有所扩大，但调整后EBITDA利润率从-7.5%改善至-6.9%。 公司首席执行官Matthew Lipman表示，尽管第一季度是石材需求最弱的季节，且今年冬季严寒天气带来额外压力，但业绩反映了平台韧性。“毛利润增长速度是营收的两倍，体现了我们优先执行的定价纪律和利润率扩张战略。” 并购与战略进展驱动增长 业绩增长主要得益于收购Carolina Stone和Canadian Stone Industries后的首个完整季度贡献，以及原有Instone业务的有机增长势头。若以备考口径计算，平台营收约为6800万美元，而2025年实际报告数字为4690万美元。 公司还披露了多项战略进展：Eldorado Stone分销已于4月启动，预计下半年贡献收入；仓库整合正在进行中，预计从2027年起实现每年48万美元的成本节约；公司正在部署AI工具以提升采购、库存管理和路线规划效率。 财务状况与全年指引 公司仍在推进资本结构优化。截至5月1日，原可转换票据本金约72%已完成转换，剩余约190万美元未偿还。管理层表示将继续优先偿还剩余可转换票据，同时尽量减少稀释。 公司重申2026财年全年指引：营收7210万美元，同比增长54%，毛利润1870万美元，同比增长73%，调整后EBITDA约380万美元，同比增长约4倍。管理层表示，4月和5月的业务势头显示终端市场条件已显著改善，预计第二季度调整后EBITDA将实现转正。 责任编辑：张俊 SF065

格隆汇5月21日｜美国10年期国债收益率下降至4.565%，接近盘中低点。

希腊系统性银行Alpha Bank周三公布2026年第一季度财报，正常化税后利润达2.21亿欧元，超出市场预期的1.84亿欧元。尽管净利润较去年同期的2.34亿欧元下降5.7%，但净利息收入同比增长5%至4.16亿欧元，手续费收入强劲增长29%至1.40亿欧元。 核心指标表现稳健，资本充足率保持强劲 财报显示，集团有形股本回报率达12.6%，不良贷款敞口比率稳定在3.7%，信贷成本为44个基点。全负荷CET1资本比率为14.7%，较去年同期的16.2%有所下降，主要受并购活动和股息分配影响。每股收益为0.08欧元。 战略转型持续推进，六项并购加速整合 首席执行官Vassilios Psaltis在财报电话会上表示，尽管当前地缘政治不确定性持续，银行仍交出稳健业绩，且即使在更激进的压力情景下，希腊经济预计仍将以高于欧洲平均水平的增速增长。 Psaltis同时透露，银行正在推进六项交易以实现全面整合，包括与FlexFin、AstroBank、AXIA以及Altius-Universal的合并，预计全部盈利收益将在2027年显现。近期对Alpha Trust的收购标志着银行在财富和资产管理平台战略扩张中的决定性一步。 展望：全年盈利增长11%，股东回报持续加码 基于强劲的季度表现和整合进展，Psaltis预计2026年全年正常化盈利将增长11%。银行计划在下半年举行投资者日，届时将公布长期战略愿景。 资本回报方面，基于一季度盈利，银行已提议55%的派息率，即约1亿欧元。此前银行已公布2025年全年分红计划，拟将55%的报告利润用于股东分配，总额约5.19亿欧元，收益率约6.1%。 整体来看，Alpha Bank在利率下行周期 中通 过手续费收入和并购整合维持了增长动能，为2026年希腊银行业的结构性整合奠定了基调。 责任编辑：张俊 SF065

Image source: The Motley Fool. Thursday, Feb. 12, 2026 at 9 a.m. ET Call participants Founder and Chief Executive Officer — Najeeb Ghauri Chief Financial Officer — Roger Almond General Counsel and Corporate Secretary — Patti McGlasson Takeaways Total net revenues -- $15 million, a 2.8% increase, driven by higher subscription and support revenue. -- $15 million, a 2.8% increase, driven by higher subscription and support revenue. Subscription and support revenue -- $9 million, up 9.4%, indicating ongoing transition toward recurring revenue streams. -- $9 million, up 9.4%, indicating ongoing transition toward recurring revenue streams. Services revenue -- $6 million, down from $6.4 million; constant currency services revenue was $5.9 million. -- $6 million, down from $6.4 million; constant currency services revenue was $5.9 million. Gross profit -- $5.9 million, representing a margin of 39.4%, a decrease from 45% in the prior year period. -- $5.9 million, representing a margin of 39.4%, a decrease from 45% in the prior year period. Operating expenses -- $7.8 million, equaling 51.6% of sales, reflecting a 36% increase in selling and marketing costs due to global sales organization expansion. -- $7.8 million, equaling 51.6% of sales, reflecting a 36% increase in selling and marketing costs due to global sales organization expansion. Operating loss -- $1.8 million, compared to $760,000 in the previous year's first quarter, linked to increased expenses and macroeconomic conditions. -- $1.8 million, compared to $760,000 in the previous year's first quarter, linked to increased expenses and macroeconomic conditions. GAAP net loss -- $2.4 million, or $0.20 per diluted share, contrasting with net income of $71,000 reported previously. -- $2.4 million, or $0.20 per diluted share, contrasting with net income of $71,000 reported previously. Non-GAAP EBITDA -- Loss of $1.8 million, or $0.15 per diluted share, versus non-GAAP EBITDA of $301,000 in the prior year. -- Loss of $1.8 mi...

In this article STLA Follow your favorite stocks CREATE FREE ACCOUNT 2027 Ram 1500 Rumble Bee SRT. Courtesy Ram Trucks DETROIT — Stellantis plans to launch a lineup of what it's calling "muscle trucks" for its Ram brand despite high U.S. gas prices due to the Iran war. The automaker on Wednesday said the Rumble Bee pickup trucks will feature V-8 engines, special parts and designs, and a range of performance specifications. A top-end SRT Hellcat model with a 6.2-liter supercharged Hemi V-8 engine will feature 777 horsepower, a targeted top speed of 170 miles per hour and other metrics that rival some sports cars. "This is absolutely a 'hold my beer,' watch this, push the chips in moment," Ram boss Tim Kuniskis said before a truck sped by him during a media event at the company's Chelsea Proving Grounds in Michigan. "Welcome to the era of muscle trucks." Despite nationwide average gas prices of $4.56 , Kuniskis said he believes it's a "critical" time to launch the trucks as full-size pickup trucks have expanded into luxury and off-road segments. He also said there's a lack of traditional muscle car offerings as Stellantis and other automakers have focused on all-electric vehicles . Courtesy Ram Trucks "We chased electrification, and that tide changed. This tide will change as well," he told reporters after the trucks were revealed. "I would like to believe by the time this thing's sitting on a showroom floor, I would like to believe that the gas prices will be back in line." Kuniskis also noted that while the volumes of its highest performance models typically make up a small portion of sales, they're generally "three times the margin than an average vehicle" and act as halo products to bring attention to the brand. "It's still great, great business, but that's your ultimate halo effect to sell the other ones," he said. Halo vehicles are often iconic products that are unique in design and feature high-performance parts. They're regularly used to attract attention to a...

Available for over a year Today, the government announced a watering down of Russian oil sanctions as fuel prices rise from Iran war. Adam is joined by Chris and Faisal to discuss that, as well as the cut in fuel duty and Wes Streeting’s resignation speech in the House of Commons. And Emma Pinchbeck, CEO of the Climate Change Committee, speaks to Adam about a new report on climate adaptation in the UK. You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://bbc.in/newscastdiscord Get in touch with Newscast by emailing newscast@bbc.co.uk or send us a WhatsApp on +44 0330 123 9480. New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bbc.in/4guXgXd Newscast brings you daily analysis of the latest political news stories from the BBC. The presenter was Adam Fleming. It was made by Chris Gray with Gabriel Purcell-Davis and Shiler Mahmoudi. The social producer was Joe Wilkinson. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The senior news editor is Sam Bonham. Programme Website

Senate Advances Measure To Withdraw US Involvement In Iran Conflict Authored by Kimberley Hayek via The Epoch Times, The Senate advanced legislation Tuesday directing President Donald Trump to withdraw American forces from the Iran conflict unless Congress authorizes continued operations or declares war. Lawmakers approved the resolution by a 50–47 vote. The measure, rooted in the 1973 War Powers Resolution, cleared a key procedural hurdle after Sen. Bill Cassidy (R-La.) voted for the resolution. Cassidy, who had previously voted against similar measures introduced several times this year, delivered the decisive margin. Three other Republicans—Sens. Rand Paul (R-Ky.), Susan Collins (R-Maine), and Lisa Murkowski (R-Alaska)—also voted for the resolution. Only one Democrat, Sen. John Fetterman (D-Penn.), voted against it. Three Republicans, Sens. John Cornyn (R-Texas), Thom Tillis (R-N.C.), and Tommy Tuberville (R-Ala.) were absent. Senate Minority Leader Chuck Schumer (D-N.Y.) reacted immediately. “Republicans are starting to crack, and momentum is building to check him,” he said in a statement after the vote, referring to Trump. “We are not letting up.” Cassidy announced his changed position in an X post before the vote. “While I support the administration’s efforts to dismantle Iran’s nuclear program, the White House and Pentagon have left Congress in the dark on Operation Epic Fury,” he wrote. “Until the administration provides clarity, no congressional authorization or extension can be justified.” The senator’s reversal followed his primary election loss Saturday in Louisiana. Trump had endorsed Cassidy’s challenger, Rep. Julia Letlow (R-La.), and the defeat left Cassidy defiant upon his return to Washington. Letlow won more than 44.8 percent of the vote, while Louisiana Treasurer John Fleming received 28.3 percent and Cassidy received 24.8 percent, according to results after 99 percent of the votes were tallied. Support for an Iran War Powers resolution has slowl...

格隆汇5月21日｜鉴于中东冲突以及人工智能应用可能带来的经济后果，美联储工作人员仍然认为预测的不确定性较高。总体而言，就业和实际GDP增长预测的风险被认为偏向下行。通胀预测的风险则被认为偏向上行：过去五年通胀率一直远高于2%，中东冲突可能导致通胀进一步上升，且一些看似与关税或能源价格无关的类别也出现了价格上涨压力，因此，工作人员认为通胀持续时间可能比预期更长，这是一个显著的风险。

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President Donald Trump’s latest pitch for using taxpayer dollars to secure his White House ballroom featured a militarized building—including a rooftop hardened against drone strikes and a “drone port” that could potentially house military drones. The remarks came on May 19 as Trump gave reporters a personal tour of the ballroom project that has already involved the demolition of the White House mansion’s East Wing . The president spoke of installing a rooftop drone base “for unlimited numbers of drones” operated by the US military as a “drone port that would protect all of Washington,” according to Reuters . He also highlighted a ballroom roof made from “impenetrable steel” that would supposedly be “drone-proof” against potential drone strikes. To pay for such measures, Trump has been urging Republican lawmakers in the US Congress to approve $1 billion in taxpayer funding to provide a wide variety of “ security adjustments and upgrades ” for his ballroom project. The taxpayer-backed security enhancements would be separate from the $400 million construction cost for the ballroom project that has been funded by private donors , including companies such as Amazon, Apple , Coinbase , Comcast, Google, HP Inc., Lockheed Martin, Meta, Micron Technology, Microsoft, Palantir, Ripple, and T-Mobile. Read full article Comments

Source: Bloomberg, 44:08

PepsiCo ( PEP ) is reportedly on the verge of increasing prices on some of its smaller bags of chips. Sources told Bloomberg the food and beverage giant plans to hike prices by $0.10 to $0.20 on certain single-serve bags that are now retailing for $2.69. The price increase on the single-serve products is expected to begin in late June. The company confirmed that planned price increases are in reaction to higher production, distribution, and retail expenses in the U.S. It was noted that the U.S. food business had held the price of some of its single-serve bags level for nearly 15 years. PepsiCo ( PEP ) showed improved results with its convenient food segment in the first quarter after pledging last December to lower some prices. Revenue was up 8.5% year-over-year to $19.4B. Organic sales rose 2.6% during the quarter to beat the consensus expectation for a rise of 2.4%. Organic sales growth was led by a 7% increase for the Europe, Middle East, and Africa segment, while the PepsiCo Foods North America segment lagged with a 1% increase. Total volume for food rose 4% during the quarter, while beverage volume was flat. More on Pepsico Could PepsiCo Be The Next Big Player In 'Permissible Snacking'? PepsiCo: Fairly Priced, But Not A Deal Compared To Peers PepsiCo: Even At A Lower Multiple, The Upside Is Hard To Ignore PepsiCo's Poppi acquisition is still popping after one year Dividend Roundup: Eli Lilly, PepsiCo, Apple, Visa, and more

Bloomberg's Randall Williams joins Dani Burger on "Bloomberg Deals." The Cleveland Browns said it sold a stake to Arctos Partners. The total investment is said to be for 10% of the club at a valuation of more than $9 billion, according to people familiar with the matter. (Source: Bloomberg)

Over the last few weeks, shares of Apple rallied from about $245 to a high of $303.20. All thanks to exceptional quarterly results, strong guidance, a massive $100 billion stock buyback, and strong demand for its iPhone 17 in the U.S. and China. In fact, in its most recent quarter, Apple said revenue soared 17% year-over-year (YOY) to $111.18 billion. Analysts were only looking for $109.66 billion. EPS of $2.01 easily beat expectations of $1.95 per share. Investor confidence strengthened considerably after Apple delivered another quarter that exceeded Wall Street expectations across several key metrics. Moving forward, the company expects revenue to increase between 14% and 17% YOY, which is above analyst expectations for 9.5% YOY growth. All of which is great news, and would explain the reason that Apple soared in recent weeks. However, Apple’s Current Valuation May be Difficult to Justify Analysts at KeyBanc Capital argue that Apple’s current valuation is “stretched” and that spending data points to “initial cracks in the bulls’ multi-year compounding growth view,” as quoted by StreetInsider.com . In fact, as per the firm, spending data suggests U.S. consumer demand for Apple hardware is returning to more typical seasonal patterns after several years of unusually strong growth. They also argue that this could signal the end of the expansion cycle that helped force Apple’s valuation higher. Analysts point out that future growth may increasingly depend on international markets, particularly China. Apple is stretched, overdue for healthy profit-taking At the moment, Apple trades at 34.07 times price-to-earnings, which is well above its five-year range of between 30 times and 35 times EPS. Furthermore, It’s 40.6% higher than the sector average of 24.24 times. Technically, Apple is stretched at all-time highs, which isn’t sustainable, especially with how stretched the stock has become using indicators, such as relative strength (RSI), MACD, Williams’ %R, and Full Stoch...

ChatGPT parent OpenAI is working with bankers in preparation for filing an initial public offering that could arrive in the coming days or weeks, The Wall Street Journal reported, citing people familiar with the matter. The Journal, citing unnamed sources, reported that bankers at Goldman Sachs Morgan Stanley and other institutions have been helping OpenAI draft an IPO prospectus that it plans to file confidentially with regulators soon, and could be as soon as Friday. News Corp owner of The Wall Street Journal and Barron’s, has a content-licensing partnership with OpenAI.

格隆汇5月21日｜美联储会议纪要显示，工作人员对今年的通胀预测高于3月份会议的预测，反映了最新数据、能源价格上涨以及中东冲突的其他影响，这些因素预计将推高消费者价格通胀。预计今年上半年之后，随着各种冲突相关因素的经济影响逐渐消退，以及关税上涨对通胀的传导作用减弱，通胀将放缓；到明年年底，预计通胀率将接近2%。

Doug Ostrover, the billionaire co-founder of Blue Owl Capital is unloading his stake in the NFL’s Washington Commanders. Also, Tech billionaire Michael Dell and Hollywood superagent Ari Emanuel are among a group of investors purchasing a minority stake in the Las Vegas Raiders football team. Scarlet Fu reports on "Bloomberg Deals." (Source: Bloomberg)