In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT Mayor Zohran Mamdani (L) and Jeff Bezos Getty Images (L) | CNBC (R) New York City Mayor Zohran Mamdani fired back on Wednesday at Jeff Bezos after the Amazon founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers. "You could double the taxes I pay, and it's not gonna help that teacher in Queens. I promise you," Bezos said in an interview on CNBC earlier Wednesday. Mamdani responded on X : "I know a few teachers in Queens who would beg to differ." Bezos, meanwhile, pushed for tax cuts for low-income Americans . He called for eliminating federal income taxes on the bottom half of earners, telling CNBC's Andrew Sorkin on " Squawk Box ," that the top 1% of taxpayers pay about 40% of all tax revenue, while the bottom half pay 3%. "I don't think it should be 3%," Bezos said. "I think it should be zero." In 2023, the bottom half of taxpayers had an adjusted gross income of nearly $54,000 in 2023, according to the Tax Foundation, which is funded by conservative interests, citing the most recent IRS statistics. Households earning in the top 1% brought home at least $676,000 of income that year. As of September 2025, starting salaries for New York City teachers were $68,902 for those with a bachelor's degree and no prior teaching experience, and $77,455 for those with a master's degree, according to NYC Public Schools . Those salaries are set to rise in September 2026 to $71,314 and $80,166 respectively. The feud between Bezos and Mamdani puts a sharper edge on the mayor's tax-the-rich message, which has been central to his push to fund city services and address New York's affordability crisis . Mamdani and New York Gov. Kathy Hochul, a Democrat, are backing a proposed pied-à-terre tax on luxury second homes worth $5 million or more, after the mayor dropped a broader proposal to raise property taxes on many homeowners. Mamdani has s...

US threatens to revoke the Palestinian UN ambassador's visa toggle caption Angelina Katsanis/AP TEL AVIV — The U.S. is threatening to revoke the visas of the Palestinian delegation to the United Nations unless the Palestinian ambassador to the U.N. withdraws his run for vice president of the General Assembly. A U.S. State Department cable issued Tuesday and obtained by NPR instructs U.S. diplomats in Jerusalem to pressure Palestinian officials this week to withdraw their bid for one of the 21 vice president roles at the U.N., or face possible consequences including visa revocation. The May 19 U.S. cable, marked sensitive but unclassified, says Palestinian ambassador Riyad Mansour "has a history of accusing Israel of genocide," and that his bid "fuels tension" and undermines President Trump's peace plan for Gaza. Sponsor Message "A bully pulpit for Mansour would not improve the lives of Palestinians and would significantly damage U.S. relations with the PA [Palestinian Authority]. Congress will take it extremely seriously," the cable says. Palestinian Authority President Mahmoud Abbas' office declined comment. "It would be unfortunate," the U.S. cable says in a threat to revoke visas Ahead of last year's U.N. General Assembly in New York, the Trump Administration made the rare move of denying U.S. visas to top Palestinian officials including President Abbas. But the U.S. did not revoke visas for the Palestinian delegation to the U.N. "In September 2025, the Department made the decision to waive visa sanctions and other inadmissibilities for Palestinian officials assigned to the PLO's UN Observer Mission in New York. It would be unfortunate to have to revisit any available options," the May 19 cable says. A former U.S. diplomat calls visa revocation "counterproductive" For decades, the U.S. under both Democratic and Republican administrations has opposed Palestinian attempts to gain full membership at the U.N. and international bodies, arguing they were unilateral mov...

Wolterk/iStock Editorial via Getty Images My last article about General Mills ( GIS ) was published more than three years ago, in April 2023. In the article, I argued that General Mills was probably fairly valued around $90, and although I did not see much upside potential, I certainly was not bearish and wrote in my conclusion: I don’t see huge upside potential at this point for General Mills, but maybe the stock is surprising me once again. However, if the stock should gain in value in the coming months, it would be most likely by increasing valuation multiples as the fundamental business will not justify the stock growing 10% or 20% within the next few months. Obviously, I was way too optimistic three years ago. Since the article was published, the stock declined 62%, and although dividend payments did offset this decline a little bit, investors still lost 56% in value. In the following article, I will try to look at General Mills from both perspectives and will argue that General Mills is certainly facing several challenges (which I did not see three years ago). But I will also argue that the stock is trading for extremely low valuation multiples with a lot of negativity already reflected in the stock price, and General Mills is still a solid business. Valuation Multiples When looking at the chart, we see that General Mills now reported its steepest stock price decline in more than 35 years (or at least since the early 1990s). Right now, the stock is trading almost 64% below its previous all-time high. Data by YCharts Together with the declining stock price, valuation multiples also declined and are extremely cheap at this point. At the time of writing, the stock is trading for 10.8 times free cash flow and for 8.1 times earnings. This is not only below the long-term average (18.74 for the P/FCF ratio and 17.9 for the P/E ratio), but it's also the lowest P/E ratio at least since 2000, and it's very close to the lowest P/FCF ratio during the last 26 years. Data b...

美国总统特朗普表示，在协议签署之前，美国不会考虑给予伊朗任何制裁豁免。 责任编辑：李桐

primeimages/iStock via Getty Images By Elior Manier Stock markets are surging today after President Trump announced that the United States and Iran are close to finishing intense diplomatic talks. After several days of uncertainty, this breakthrough is giving a strong boost to global risk assets. The threat of war and worries about energy supplies are fading quickly, letting investors regain confidence in the markets. This major diplomatic shift is having a big impact on the energy sector. WTI crude oil prices fell quickly on the news, dropping to around $97 before recovering a bit as traders adjusted their risk expectations. Oil 1H Chart (13:38) May 20, 2026 – Source: TradingView Lower energy costs are allowing for the pricing of a quick boost in the economy, or at least some relief. Since oil has been the main reason for recent inflation worries, this drop is letting US Treasury yields fall for the first time in a week, with the 10-year bond dropping below 4.60% for the first time since last Friday. As long-term yields go down, inflation concerns ease, which helps companies with a lot of debt and growth stocks and overall boosts investor sentiment. Daily Market Performance (13:33). May 20, 2026 – Courtesy of Finviz As a result, major US indices are rising sharply. Both the Nasdaq and the Dow Jones Industrial Average are up more than 1% and moving toward new record highs. Another reason for the strong stock rally is that the Warsh Trade is pausing as traders pay attention to the latest news. The recent shift toward higher interest rate expectations, which hurt investor sentiment last week, is now on hold as traders wait for Fed Chair Kevin Warsh's swearing-in on Friday. For now, the positive news about a possible Middle East peace deal is the main focus. Let's take a look at current reaction by looking into intraday charts and trading levels for the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500. Current Session's Stock Heatmap Current picture for the ...

北京时间5月21日凌晨，美股周三尾盘走高，道指上涨600点。对中东冲突可能很快得到解决的乐观情绪升温，油价和美国国债收益率双双下滑，美股随之上涨。交易员也在等待英伟达第一季度财报的发布。 道指涨599.90点，涨幅为1.22%，报49963.78点；纳指涨330.20点，涨幅为1.28%，报26200.91点；标普500指数涨67.12点，涨幅为0.91%，报7420.73点。 美股周三尾盘，西得克萨斯中质原油期货下跌6%，交易价格约为每桶97美元。布伦特原油回落6%，至每桶104美元附近。此前，根据记者团报道，美国总统特朗普告诉记者，其政府与伊朗的谈判已进入“最后阶段”。 随着事态发展，美国国债收益率也有所降温。周三，10年期美债收益率下跌逾8个基点，30年期美债收益率下跌6个基点。 债券市场近几日令投资者感到不安，30年期美债收益率触及2007年以来最高水平，10年期美债收益率也逼近多年高点。市场日益担忧，因油价上涨，通胀可能再度抬头，而即将由凯文·沃什领导的美联储在抗击通胀方面已落后于曲线。利率上升可能使已在能源成本上涨威胁下的经济脱轨。 最新美联储会议纪要显示，多数官员预计，如果中东冲突继续加剧通胀，未来可能会加息。纪要称：“然而，大多数与会者强调，如果通胀持续高于2%，那么一定程度的政策收紧可能会变得合适。” 投资者也将注意力转向英伟达，该公司将在收盘后公布第一季度财报。这份报告将成为洞察人工智能交易的重要窗口，并提供芯片需求的最新动态。该公司股价最新上涨2%。 Main Street Research首席投资官詹姆斯·德默特表示：“英伟达是最重要的AI股票。由于过去几年股市的大部分涨幅都是由AI惊人的能力推动的，因此周三财报的结果对这个市场意味着一切。” 该股今年已上涨20%。德默特指出，尽管市场对这家芯片制造商和AI宠儿存在疑虑——尤其是考虑到其过去五年累计涨幅超过1400%——但在财报公布前，市场预期“有些平淡”。 “英伟达财报中的关注点是：因存储芯片价格上涨导致利润率压缩的任何迹象，以及该公司如何应对在中国的销售情况，”他补充道。 责任编辑：张俊 SF065

格隆汇5月21日｜美联储会议纪要显示，工作人员对经济活动的展望略强于3月份会议的预期。预计未来几年实际GDP增速将略高于潜在增速，增长将受益于良好的金融环境、人工智能相关资本支出的持续增长，以及一些原本预计会拖累今年经济活动的因素（包括国外增长疲软和前景不明朗）的逆转。预计今年和明年失业率将与工作人员此前估计的长期失业率持平，并在2028年略微低于该水平。

几位美联储决策者强调了对冲基金“大规模参与”美国国债市场的相关风险，指出其杠杆头寸平仓可能引发更广泛的金融市场扰动。 4月28日至29日联邦公开市场委员会会议纪要显示，几位与会者讨论了近期旨在改革适用于中小型和大型银行的监管框架的提案的影响。 许多与会者提到，应对与人工智能技术快速发展相关的网络安全威胁非常重要，并评论称，“对系统重要性金融公司或对关键市场基础设施的恶意网络入侵，可能会严重损害金融系统运行”。 这些与会者还强调，监管机构和金融机构之间采取协作方式对于降低网络安全风险非常重要。 一些与会者讨论了与支持货币政策实施和金融体系稳定的各种流动性工具相关的现有及潜在操作改进，包括贴现窗口、常设回购便利操作和常设流动性互换安排。 责任编辑：李桐

伊朗总统马苏德·佩泽希齐扬在社交媒体平台发文称，伊朗“始终恪守自身承诺，并探索一切途径避免战争”，并补充说，“我们仍对所有途径持开放态度”。 佩泽希齐扬表示，“在外交中相互尊重，远比战争更明智、更安全、更可持续”。 责任编辑：李桐

格隆汇5月21日｜美联储工作人员对经济形势的评估指出，会议召开时掌握的信息显示，随着联邦政府停摆的影响逐渐消退，第一季度实际GDP增速有所回升。截至3月份的贸易数据显示，净出口是第一季度美国GDP增长的主要拖累因素：商品出口从2025年第四季度的下滑中强劲反弹，但受高科技商品进口增长的推动，商品进口增幅更为显著。

多数美联储官员警告称，如果通胀持续高于2%的目标水平，央行可能需要考虑加息。 根据周三在华盛顿公布的4月28日至29日联邦公开市场委员会（FOMC）会议纪要，“许多”美联储官员在上月政策会议期间呼吁政策声明去除宽松倾向，同时释放下一步行动有可能升息的信号。 尽管数名政策制定者表示他们认为最终仍有必要降息，但大多数与会者强调，“如果通胀持续高于2%，进一步收紧政策可能将是合适之举。” 纪要显示，为了应对加息可能性，“许多与会者表示，他们更倾向于删除会后声明中有关未来利率决策偏向于降息的措辞。” 会议纪要凸显出美联储官员对伊朗战争引发通胀压力的担忧正在加深。这场讨论与年初形成明显反差，当时美联储暗示2026年最可能的政策路径是降息。 在4月会议上，FOMC决定将联邦基金利率目标区间维持在3.5%至3.75%不变。但这一决定招致三名政策制定者反对，理由是利率声明中包含暗示美联储未来可能恢复降息的措辞。 会议纪要称：“绝大多数与会者指出通胀更晚回到2%目标的可能性增加。” 官员们将劳动力市场描述为趋向稳定但表现依然脆弱。 尽管市场波动加剧，但与联邦基金利率挂钩的期货合约显示，市场认为2026年加息25个基点的可能性相当大。 责任编辑：李桐

当地时间5月20日，美联储公布4月28日至29日联邦公开市场委员会会议纪要。纪要显示，美联储在此次会议上决定将联邦基金利率目标区间维持在3.5%至3.75%不变。与会者认为，美国通胀仍处于偏高水平，近期全球能源价格上涨和中东局势发展正在加剧美国经济前景的不确定性。(央视新闻)

【有線新聞】魯莽司機老是常出現，社交平台最新流傳影片再見到有私家車司機「貪快」罔顧他人安危，在斑馬綫前不但未有減速停下，更直接逆線爬頭，幸好過路途中的外傭早有警覺，出手保護兩名少主。影片引發網民熱議，直言「呢個司機一定要拉去坐監」。 半路早有警覺 私家車毫無減速意圖 該車CAM片（見文末）應由一輛大貨車或工程車拍攝，可見片主當時將大車停下，禮讓帶兩名小童的外傭先過。片中可見外傭過路一直有留意路況，當行至一半時已警覺到有私家車逆線，立即出手阻擋孩童繼續行，而逆線爬頭的私家車則呼嘯而過，完全沒有減速的意圖。 「希望cam主做返啲嘢，呢啲ＸＸ遲早害死人」、「真係好ＸＸ，見唔到人都望到有車停啦」、「白色私家車終身停牌，坐監10年」網民全都支持片主網上舉報該視法規如無物的自私司機，「樓主可以幫手報案嗎？」、「一定要做，痴線架」、「咁樣等同係謀殺！必須要做啊」、「呢個瘋狂駕駛直接要坐監」、「用銳眼拉佢」。 網民斥等同謀殺 「個司機遲早有鑊甘」 不少網民都大讚工人姐姐訓練有素，「好彩姐姐夠醒目」、「呢個工人姐姐真係盡責同好警惕，要讚」、「姐姐救左三個人，救埋白車司機，不過依啲司機總有一鑊甘，救唔到幾多次」、「大車似有提佢地，都要讚」。 影片連結

Jeff Bezos has previously promised to give away the majority of his wealth - Eva Marie Uzcategui/Bloomberg Jeff Bezos has attacked Donald Trump’s “crony capitalism” tax system and called for the bottom half of American earners to pay no tax at all. The Amazon founder said the US had encouraged “way too much corporate welfare, way too much corporate subsidy” and described taxes on people with low incomes “absurd”. He said: “The tax code is 10,000-plus pages long because it has built-in corporate loopholes for various things. This is crony capitalism and of course it should be fixed.” The remarks are a rare rebuke of the US president by Mr Bezos, who also founded the rocket company Blue Origin and the AI lab Prometheus. Mr Bezos previously praised Mr Trump and donated $1m (£740m) to his inauguration fund. Under his ownership, the Washington Post refused to endorse a candidate in the 2024 presidential race, despite its pro-Democrat readership. Mr Trump signed off on the “One Big Beautiful Bill Act” last year, which created a series of tax breaks and subsidies for US businesses and cut taxes on America’s top earners. Mr Trump and his family have been accused by Democrats of enriching themselves through their cryptocurrency business ventures. The White House has repeatedly dismissed claims of any conflict of interest. Donald Trump created a series of tax breaks and subsidies for US businesses in his ‘One Big Beautiful Bill Act’ last year - Leah Millis/Reuters ‘Tale of two economies’ In an interview with CNBC on Wednesday, Mr Bezos said the US was experiencing a “tale of two economies” and a growing divide between top earners and workers who are struggling. Mr Bezos said the bottom half of American earners pay about 3pc of its taxes, arguing that the figure should be “zero”. He said: “A nurse in Queens who makes $75,000 pays more than $12,000 a year in taxes. Does that really make sense? “It’s kind of absurd that we’re doing this. We shouldn’t be asking this nurse in Quee...

The UK was last night desperately trying to reassure Kyiv its new sanctions policy on Russia did not weaken restrictions, after Ukrainian officials warned the change could help Moscow fund its war efforts. While Downing Street insisted the decision to allow the temporary import of Russian oil and jet fuel was only one element of a tougher overall sanctions package, a British minister conceded that the matter had been handled “clumsily”. Speaking on Wednesday evening, Volodymyr Zelenskyy, the Ukrainian president, said there had been discussions with the UK about the sanctions package and Ukraine had “conveyed our views”. Yvette Cooper, the foreign secretary, is understood to have spoken to her Ukrainian counterpart, Andrii Sybiha, with UK diplomats in Ukraine also seeking to reassure officials in Kyiv. Zelenskyy said: “Of course, our team has been in contact with the UK today. The issue of sanctions is always a very sensitive one, and there has been much discussion in the media and among politicians. We have conveyed our views on this matter to London.” Saying that long-term sanctions were “what most effectively influence Russia”, he added that the expectation was that the matter would be discussed further with the UK this week. The row began after the announcement of expanded UK sanctions against Russia that came into force on Tuesday. Initially announced in October, the sanctions banned Russian oil products processed in a third country. There were, however, some short-term exceptions added to the initial plan because the Iran war has pushed up fuel costs. Jet fuel and diesel refined from Russian crude will be allowed in on a temporary basis, as well as fossil gas shipments from two Russian terminals. The licences will last for three months before they are reviewed. Starmer’s spokesperson told reporters that such measures were “standard practice to ensure market stability, used by both this government and previous administrations”. View image in fullscreen Kemi Bade...

财联社5月21日讯（编辑 赵昊） 国际能源署（IEA）预测，今年纯电动汽车和插电式混合动力车将占全球汽车销量近30%，原因是中东能源危机推高燃油价格，加上电池成本下降，刺激了市场的需求。 IEA在报告中指出，随着油价上涨，越来越多消费者转向新能源车。不过报告也提醒，中东战事对全球经济造成的冲击，可能削弱消费者支出，从而拖累整体汽车市场。 IEA报告提到，欧洲市场增长尤为明显。该机构预计，2026年欧洲纯电动车和插混车型销量将增长约20%，届时每售出三辆新车中，就有一辆属于新能源车型。 2025年，全球电动车销量同比增长20%，突破2000万辆，占全球新车销量的四分之一。IEA预计今年销量将进一步升至2300万辆，其中亚太地区销量有望增长超过50%，拉美地区增长约45%。 不过，IEA也警告称，目前能源危机的完整影响仍需时间评估。报告指出：“中东冲突对全球经济带来的更广泛影响，可能会压制整体汽车销量。” IEA首席能源技术官提姆·古尔（Timur Gül）表示：“未来，各国政府很可能会把能源安全视为长期战略机遇，通过推动电动车来保护消费者和经济体，减少类似危机带来的冲击。” 古尔指出，东南亚一些国家已经扩大或延长电动车税收优惠政策，“未来可能会有更多国家跟进。” 由于一些国家削减补贴，今年第一季度全球电动车销量一度下降8%。但随着更多平价车型上市，预计市场将重新恢复增长。 在欧洲，2025年售价低于同级燃油车平均价格的纯电车型占比已超过30%，2021年这一比例仅约15%。

白紋伊蚊｜大圍蚊患嚴重 區議員接工友反映 食環署：會針對加強滅蚊 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】多區白紋伊蚊誘蚊器指數上升，其中大圍最嚴重，有區議員相信工程頻繁導致區內蚊蟲滋生，食環署說趨勢和過往相若，會針對指數較高的區域，加強滅蚊。 踏入雨季，全港多區誘蚊器指數上升，其中大圍白紋伊蚊誘蚊器指數達46%，屬最高級別，當區區議員指因踏入雨季，加上當區工程頻繁，過去數周蚊蟲明顯增加。沙田區議員陳壇丹：「近期多了工程，可能是道路的工程、建新樓，可能一些工地容易積水，成為蚊積藏的溫床，我們都收到不單是一般市民，亦都有工友向我們說真的很多蚊，一些工地的竹棚、水馬的孔容易積水，那些位置很多時清潔公司或管理公司會忽略。」 食環署稱白紋伊蚊誘蚊器指數趨勢與過往相若，一般4至5月處於高峰期。食環署高級總監（潔淨及防治蟲鼠）孔世傑：「水平與過往幾年的趨勢相若，是去年的情況比較好，有可能與（去年）雨量較少有關，我們會在合適地方安裝新型捕蚊器，亦會進行霧化噴灑殺蟲劑去殺滅成蚊。」 孔世傑補充，食環署巡查時發現到有地盤、屋苑有蚊蟲滋生，會立即採取檢控行動或發出清除積水通知書，要求限期內清除積水。

Every bull market since 2016 has been a mega cap story. The S&P 500’s gains over the past decade have been driven by a handful of growth giants whose weight in the index keeps expanding. Three growth ETFs consistently top my research: Vanguard Mega Cap Growth ETF (NYSEARCA:MGK), Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG), and ... After Watching Mega Caps Drive Every Bull Market This Decade These 3 Growth ETFs Keep Rising to the Top of My Research

Joey Ingelhart/E+ via Getty Images SM Energy ( SM ) up 1% as Raymond James raises its rating to Outperform from Underperform with a $55 price target, saying the stock has been "one of the biggest beneficiaries" in its coverage area from rising oil prices since the start of the Iran war. Raymond James analyst John Freeman says his bullish oil outlook relative to current strip prices still provides plenty of upside potential for SM Energy ( SM ) despite the stock's strong run, adding that the company's shorter core inventory life relative to peers becomes less of an issue in a robust oil environment. SM Energy's ( SM ) oil-driven cash flow windfall has allowed the company to clean its balance sheet following the closing of its merger with Civitas, reducing absolute debt by ~$700M, which leads Freeman to see leverage falling below 1x by Q4 or earlier and free cash flow continuing to build in this year's H2. Assuming steady production performance through the rest of 2026-27, the analyst sees further opportunity to unlock upside for shareholders if the company’s balance sheet goals of lower leverage and higher FCF remain on course, adding that SM Energy ( SM ) trades at estimated 2027 FCF/EV and EV/EBITDA valuations of ~14% and ~3x, respectively, compared to ~9% and 3.5x for the peer group. More on SM Energy SM Energy Q1 2026 Earnings Call Presentation SM Energy: Strong Buying Trends Since February Merger Should Continue SM Energy: Continues To Be A Bargain Like Civitas

Retirees chasing the JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) for its near 9.5% distribution yield are buying something more layered than they think. The fund pairs a Nasdaq-100 stock basket with equity-linked notes (ELNs), which are unsecured debt obligations issued by the banks. That distinction matters because the yield does not come purely from ... JEPQ’s 9.5% Yield Is Impressive, But the ELN Counterparty Risk Is the Hidden Cost

Alones Creative A new peace proposal being negotiated between the U.S. and Iran amounts to a 30-day ceasefire extension that has already angered Israeli Prime Minister Benjamin Netanyahu, according to Gregory Brew, an analyst at Eurasia Group. The assessment comes after a Wednesday media report of a tense phone call between U.S. President Trump and Netanyahu a day earlier. According to Axios, Trump informed Netanyahu that mediators were working on a “letter of intent” that both the U.S. and Iran would sign to formally end the war in the Middle East and launch the 30-day negotiation window, during which reopening the Strait of Hormuz and nuclear issues would be discussed. "The deal on offer appears to include a statement of intent from either side re: an end to the war, followed by a 30-day period in which reopening the strait AND the nuclear issues are negotiated. In effect, a 30-day ceasefire extension. Still enough to infuriate Netanyahu ," Brew wrote in a social media post on Wednesday. One source briefed on the call told Axios that Netanyahu’s “hair was on fire” after the conversation, with Israeli and U.S. sources describing the two leaders as being in disagreement about the path forward. Qatar and Pakistan have been leading the mediation effort with input from Saudi Arabia, Turkey and Egypt. Earlier on Wednesday, Trump said the U.S. is in the “final stages” of talks with Iran, sending oil ( USO ) ( BNO ) prices and Treasury yields ( TLT ) ( SHY ) lower. Speaking to reporters at Joint Base Andrews, the president offered a characteristically mixed message about the ongoing diplomatic efforts. “We’ll see what happens,” he said, adding that a deal will be reached or “we’re going to do some things that are a little bit nasty, but hopefully that won’t happen.” Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on Markets Why Oil Price Spikes Cau...

A radio station has apologised for “any distress caused” after accidentally announcing that King Charles had died. The erroneous announcement was made on Tuesday afternoon due to a computer error at Radio Caroline’s main studio in Essex. Station manager Peter Moore wrote on Facebook: “Due to a computer error at our main studio, the Death of a Monarch procedure, which all UK stations hold in readiness while hoping not to require, was accidentally activated on Tuesday afternoon (19 May), mistakenly announcing that HM the king had passed away. “Radio Caroline then fell silent as would be required, which alerted us to restore programming and issue an on-air apology. “Caroline has been pleased to broadcast Her Majesty the Queen’s, and now the king’s, Christmas message and we hope to do so for many years to come. “We apologise to HM the king and to our listeners for any distress caused.” The post did not say how long it was before the mistake was discovered but on Wednesday afternoon, playback for Tuesday’s broadcast between 1.58 pm and 500 pm was unavailable on the station’s website. The incident came as the king and queen were in Northern Ireland, where they joined a performance with a folk group. Charles, 77, and Camilla, 78, also watched dancers and sipped Irish whiskey in Belfast’s Titanic Quarter on the first day of their trip. Established in 1964, Radio Caroline is a former pirate radio station which operated from ships off the English coast. After legislation in 1967 forced many pirate broadcasters to close, it continued intermittently before ending offshore broadcasts in 1990. Caroline and other similar pirate stations inspired the 2009 comedy film The Boat that Rocked starring Bill Nighy and Philip Seymour Hoffman about a group of eccentric DJs living and working together at sea. On Tuesday, the BBC apologised after a scheduling error meant that listeners to Elaine Paige’s show heard a repeat of the previous week’s programme. The singer and actor, 78, hosts a sh...

Earnings Call Insights: Toll Brothers (TOL) Q2 fiscal 2026 Management View “We are very pleased with our second quarter results. We beat guidance on both the top and bottom lines and posted another quarter of strong margins. Based on our first half performance, we are raising our full year guidance across all key homebuilding metrics,” said (Executive Chairman Douglas Yearley). “In the second quarter, our orders were up 7% gross and flat on a per community basis,” and “this trend has continued into the first 3 weeks of our third quarter where overall deposits are up modestly year-over-year and flat per community,” said (Executive Chairman Yearley). “In the quarter, we delivered 2,491 homes at an average price of $1,009,000, generating $2.5 billion of homebuilding revenue,” and “we earned $260.6 million in the quarter, or $2.72 per diluted share,” said (CEO & Director Karl Mistry). “We now project deliveries of between 10,400 and 10,700 homes with an average price between $985,000 and $1 million,” said (Executive VP & CFO Gregg Ziegler). “We are very excited to enter Northwest Arkansas with the acquisition of Buffington Homes transaction, which closed earlier this month,” and “we plan to grow community count at a similar 8% to 10% rate in fiscal 2027 and beyond,” said (CEO Mistry). “Seth Ring… will succeed Rob as President and Chief Operating Officer when Rob retires on June 30 and transitions to his new role as a Senior Adviser to the company,” said (Executive Chairman Yearley). Outlook “We are projecting fiscal 2026 third quarter deliveries of approximately 2,600 to 2,700 homes with an average delivered price between $965,000 and $985,000,” said (Executive VP & CFO Ziegler). “For the full fiscal year, we are increasing the low end of our guidance range by 100 homes, and we are increasing the projected average delivered price by $12,500 at the midpoint,” said (Executive VP & CFO Ziegler). “We’re also increasing our full year adjusted gross margin guidance by 10 basi...

Andy Burnham is backing Shabana Mahmood’s controversial changes to the immigration system, his allies have said, in a blow to those in Labour who hope to soften them. The Greater Manchester mayor is understood to be keen to reframe the changes but supportive of the home secretary’s attempts to limit legal and illegal migration, which have been criticised by some senior Labour MPs as un-British and mimicking Trump. Burnham faces a tough fight to return to Westminster against Reform UK, which has already called him “open-borders Andy”. But those close to his campaign say he will not seek to dilute the government’s curbs on migration, which include ending the right to permanent refugee status. “For Andy, migration is a moral issue as much as anything, showing people who’ve lost faith in politics that we do have control and we can do good,” one source said. “We need to tell a positive story about the contribution of migration to our country, but we cannot do that unless people trust that the people they vote for have control over our borders.” Spokespeople for Burnham and Mahmood declined to comment. Burnham was confirmed as Labour’s candidate for the Makerfield byelection earlier this week, and is widely expected to seek to run for the party leadership if he wins the seat, either by challenging Keir Starmer or persuading him to step down. But Labour MPs who have canvassed in the constituency say it will be a very difficult fight in a seat where Reform’s support surged at the local elections. “Andy is fighting the most important by election in half a century in the Labour-held seat with the largest Reform vote in the country,” a source close to the campaign said. “Immigration is the second most important issue there. He must show decisive leadership on this and reframe but back the reforms to restore control over our borders and create a firm but fair migration system.” View image in fullscreen A Reform sign in the window of a house in Ashton-in-Makerfield. Photograph: ...