More than 50 employees have reportedly left Elon Musk’s newly merged SpaceXAI since February, raising questions about burnout, leadership changes, talent poaching, and whether liquidity events weakened retention incentives.
More than 50 employees have reportedly left Elon Musk’s newly merged SpaceXAI since February, raising questions about burnout, leadership changes, talent poaching, and whether liquidity events weakened retention incentives.
monsitj/iStock via Getty Images Silver's upside potential will be held down by lower investment demand and industrial consumption as well as higher mine supply that will dramatically lower the supply deficit, UBS analysts said in a new report, as the metal turned lower Thursday after surging more than 4% in the previous session to a two-month high. "For 2026, we expect weaker demand from photovolt...
monsitj/iStock via Getty Images Silver's upside potential will be held down by lower investment demand and industrial consumption as well as higher mine supply that will dramatically lower the supply deficit, UBS analysts said in a new report, as the metal turned lower Thursday after surging more than 4% in the previous session to a two-month high. "For 2026, we expect weaker demand from photovoltaics due to elevated prices; higher prices are also weighing on silverware and jewelry demand. Together, we estimate these channels to reduce demand by ~50M oz," UBS analysts Wayne Gordon and Dominic Schnider said in a note. The analysts also said total known ETF holdings have dropped by nearly 70M oz to ~794M oz, and net speculative futures positioning has pulled back to just above 100M oz. The combination caused UBS to cut its full-year investment demand estimate for silver from more than 400M oz to ~300M oz, which the analysts said is "still generous given year-to-date outflows, and to narrow their projected 2026 silver market supply deficit to 60M-70M oz from a previous estimate of 300M oz. "Consistent with the smaller deficit, we have trimmed our price outlook across all forecast horizons. In our base case, we expect silver to trade broadly sideways," the bank wrote, trimming their forecasts for end-of-Q2 silver prices to $85/oz from an earlier outlook of $100/oz and the year-end target to $80/oz from $85. In terms of silver strategy, Gordon and Schnider said they favor selling volatility over holding outright long positions. On Thursday, f ront-month Comex silver ( XAGUSD:CUR ) for May delivery fell 4.5% to $84.912/oz, its largest one-day percentage decline since March 26, while front-month Comex gold ( XAUUSD:CUR ) for May delivery dipped 0.4% to $4,678.10/oz. ETFs: ( GLD ), ( GDX ), ( GDXJ ), ( IAU ), ( NUGT ), ( PHYS ), ( GLDM ), ( AAAU ), ( SGOL ), ( DUST ), ( RING ), ( BAR ), ( OUNZ ), ( SLV ), ( PSLV ), ( SIVR ), ( SIL ), ( SILJ ) More on gold and silver Gold An...
Thames at Ham designated as one of 13 new swimming areas across England to be monitored for water quality The first designated bathing water area on the River Thames in London will welcome swimmers for the official start of the bathing season on Friday as one of 13 new monitored swimming areas across England. The Thames at Ham, in south-west London, has been designated as a new river bathing water...
Thames at Ham designated as one of 13 new swimming areas across England to be monitored for water quality The first designated bathing water area on the River Thames in London will welcome swimmers for the official start of the bathing season on Friday as one of 13 new monitored swimming areas across England. The Thames at Ham, in south-west London, has been designated as a new river bathing water area after campaigners gathered evidence to show thousands of people use the river for swimming throughout the year. Canvey Island foreshore, Essex East Beach at West Bay, Bridport, Dorset Falcon Meadow, Bungay, Suffolk Granville Parade Beach, Sandgate, Kent Little Shore, Amble, Northumberland New Brighton Beach (east), Merseyside Newton and Noss Creeks, Devon Pangbourne Meadow, Berkshire Queen Elizabeth Gardens, Salisbury, Wiltshire River Dee at Sandy Lane, Chester, Cheshire River Fowey in Lostwithiel, Cornwall River Swale in Richmond, Yorkshire River Thames at Ham and Kingston, Greater London Continue reading...
Council of Europe members plan to change interpretation of rights laws to make it easier to deport people Keir Starmer’s government has been accused of trying to water down legal protections for torture victims as ministers from 46 countries including the UK prepare to make it easier to deport refused asylum seekers and foreign criminals. Yvette Cooper, the foreign secretary, is expected to agree ...
Council of Europe members plan to change interpretation of rights laws to make it easier to deport people Keir Starmer’s government has been accused of trying to water down legal protections for torture victims as ministers from 46 countries including the UK prepare to make it easier to deport refused asylum seekers and foreign criminals. Yvette Cooper, the foreign secretary, is expected to agree a “political declaration” on Friday with other members of the Council of Europe, which oversees the European convention on human rights (ECHR). Continue reading...
In recent years, the Brics grouping has attracted attention as it adds members and positions itself as the voice of the Global South. At a Brics forum held in Beijing last month, officials discussed expanding trade within the grouping. Such initiatives reflect both an impulse to reduce exposure to external shocks linked to the US dollar and a long-term ambition to reshape global finance. These gat...
In recent years, the Brics grouping has attracted attention as it adds members and positions itself as the voice of the Global South. At a Brics forum held in Beijing last month, officials discussed expanding trade within the grouping. Such initiatives reflect both an impulse to reduce exposure to external shocks linked to the US dollar and a long-term ambition to reshape global finance. These gatherings are as much about signalling intent as delivering substance. Brics wants to be seen as a...
RenovoRx (RNXT) delivered earnings and revenue surprises of 0.00% and +12.60%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
RenovoRx (RNXT) delivered earnings and revenue surprises of 0.00% and +12.60%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
With artificial intelligence (AI) stocks soaring this year, driving strong market gains, you can miss the ones that aren't participating in the rally. PayPal (NASDAQ: PYPL) has been underperforming for years already, despite being one of the most important players in digital payments. It's now down 86% from its all-time high and trading at only 9 times trailing 12-month sales. Is PayPal stock too ...
With artificial intelligence (AI) stocks soaring this year, driving strong market gains, you can miss the ones that aren't participating in the rally. PayPal (NASDAQ: PYPL) has been underperforming for years already, despite being one of the most important players in digital payments. It's now down 86% from its all-time high and trading at only 9 times trailing 12-month sales. Is PayPal stock too cheap to ignore? PayPal has lost steam over the past few years as competitors have been more agile and innovated quickly. It's cycled through several CEOs, and Enrique Lores recently moved over from HP to take the reins. While he's considered a solid, experienced leader, the stock fell on the news in February. It just seemed like another signal of uncertainty at the company; it had only been two years since the previous CEO said he was going to turn the company around. Continue reading
A divided US Supreme Court let a widely used abortion pill continue to be dispensed by mail, putting on hold a federal appeals court decision that had briefly required patients to make an in-person visit to a provider. Over two dissents, the justices granted requests from the manufacturers of mifepristone to keep the drug fully available while a legal fight goes forward. Louisiana is seeking to up...
A divided US Supreme Court let a widely used abortion pill continue to be dispensed by mail, putting on hold a federal appeals court decision that had briefly required patients to make an in-person visit to a provider. Over two dissents, the justices granted requests from the manufacturers of mifepristone to keep the drug fully available while a legal fight goes forward. Louisiana is seeking to upend the Food and Drug Administration ’s decision during Joe Biden ’s presidency to permit remote prescriptions. Justices Clarence Thomas and Samuel Alito issued strongly worded dissents. Thomas said the companies were engaged in a “criminal enterprise.” Alito said the case was about a “scheme to undermine our decision in Dobbs v. Jackson Women’s Health Organization,” the 2022 ruling he wrote to overturn the constitutional right to abortion. The court as a whole gave no explanation, granting the request in a one-paragraph order. Pill-induced abortions accounted for 63% of all abortions in 2023, and mifepristone was used in the vast majority of cases, according to the Guttmacher Institute, a research organization that supports reproductive rights. Louisiana and other states with abortion bans say remote prescriptions are undermining those laws. The reprieve may only be temporary. The FDA under President Donald Trump says it is conducting a safety review of mifepristone, and it could try impose new restrictions down the road. The FDA didn’t take a stance on the issue at the Supreme Court, though the agency had urged the 5th US Circuit Court of Appeals to keep the drug fully available for now. Bloomberg News reported in December that the FDA was slow-walking its safety study until after the midterm elections. The Health and Human Services Department, which includes the FDA, denied the report. Mifepristone has been available by mail since 2021, when the FDA said it would stop enforcing the in-person rule because of the pandemic. The FDA formally lifted the requirement in 2023. T...
fermate/iStock via Getty Images A safe but boring play that can do no wrong. That is the story that has been told about Ingredion ( INGR ) for the last several years. The ingredients maker seems like the kind of company you could sock your money away in for decades and expect a profit from. In fact, based on its 5-year chart, that is what investors have enjoyed. A boring but safe 7.87% gain: Data ...
fermate/iStock via Getty Images A safe but boring play that can do no wrong. That is the story that has been told about Ingredion ( INGR ) for the last several years. The ingredients maker seems like the kind of company you could sock your money away in for decades and expect a profit from. In fact, based on its 5-year chart, that is what investors have enjoyed. A boring but safe 7.87% gain: Data by YCharts However, based on its most recent earnings report , there are a multitude of reasons why investors should steer clear of this name going forward. Operating Income and Revenue Have Declined The Q1 2026 earnings report offered a clear insight into the health of Ingredion, and it left many who had bought into the safety narrative scratching their head. The company reported that net operating income had declined by 22% YoY and that reported revenues of $1.79 billion also represented a 1.16% decline YoY. These numbers seem to fly in the face of the narrative that Ingredion is a safety play that rarely falters. The declines in operating income and revenues can't simply be brushed off as a one-time accounting issue or a disaster that was narrow and specific to this particular quarter. Rather, there seem to be several alarming reasons for the misses, including: Weak volumes Lower than expected demand FX pressures Operational mishaps These are the types of things that investors in so-called "safe" companies hope to avoid when entrusting their money in these stocks. Unfortunately, I am not confident that sense of security has been earned when it comes to Ingredion shares. The Argo Facility Was the Black Eye of This Quarter's Earnings The situation at Ingredion's Argo facility was a major drag on the company's Q1 2026 earnings. In fact, the issues at this specific facility were so bad that Baking Business reported on James Zallie, president and chief executive officer's comments on the matter: Within our February outlook, we expected $10 million to $15 million of additional...
Nu Holdings ( NU ) stock slid 10% in Thursday after-hours trading after the Brazilian fintech's Q1 earnings and revenue failed to meet Wall Street expectations. Q1 GAAP EPS of $0.18, missing the average analyst estimate of $0.19, rose from $0.11 in last year’s Q1. Q1 revenue of $5.32B, lagging the $5.06B consensus, increased from $4.86B in the prior quarter and $3.37B a year ago. Nubank ( NU ) fou...
Nu Holdings ( NU ) stock slid 10% in Thursday after-hours trading after the Brazilian fintech's Q1 earnings and revenue failed to meet Wall Street expectations. Q1 GAAP EPS of $0.18, missing the average analyst estimate of $0.19, rose from $0.11 in last year’s Q1. Q1 revenue of $5.32B, lagging the $5.06B consensus, increased from $4.86B in the prior quarter and $3.37B a year ago. Nubank ( NU ) founder and CEO David Vélez, though, highlighted the company's adoption of artificial intelligence. "We are not adding AI to banking; we are rebuilding banking around AI. NuFormer, our proprietary set of foundation models, is in production today for credit card in Brazil and Mexico and for unsecured lending in Brazil." Net interest income of $3.25B increased 15% Q/Q and 61% Y/Y. Operating expenses of $648M vs. $653M in the previous quarter and $459M in last year’s Q1. Purchase volume of $39.5B, trailing the Visible Alpha consensus of $40.1B, dropped from $41.6B in Q4 and climbed from $30.4B in Q1 2025. NuBank ( NU ) added 4M customers in Q1, bringing total customers to over 135M globally. Monthly average revenue per active customer increased to $15.9 from $15.0 in the previous quarter and $11.6 in the year-ago quarter. Conference call at 6:00 PM ET. More on Nu Holdings Nu Holdings: Scale, Efficiency, And Earnings Still Support A Buy Nu Holdings: Not Waiting On The U.S. Market Nu Holdings: Doubling Down Despite U.S. Expansion Concerns Petrobras continues to lead iShares MSCI Brazil ETF top holdings with Strong Buy rating
The S&P 500 (SNPINDEX:^GSPC) rose 0.78% to 7,502.04, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.88% to 26,635.22, and the Dow Jones Industrial Average (DJINDICES:^DJI) added 0.75% to 50,063.45, as the S&P 500 and Nasdaq notched record closes on AI-fueled strength.
The S&P 500 (SNPINDEX:^GSPC) rose 0.78% to 7,502.04, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.88% to 26,635.22, and the Dow Jones Industrial Average (DJINDICES:^DJI) added 0.75% to 50,063.45, as the S&P 500 and Nasdaq notched record closes on AI-fueled strength.
Tincorp Metals ( TIN:CA ) has appointed Victor Feng as chief executive officer of the company, effective today, following his interim leadership. Feng has served as interim CEO and vice president, corporate development since January 12, 2024, through the completion of the recently completed acquisition of the company's new flagship Santa Barbara gold-copper project. Source: Press Release More on T...
Tincorp Metals ( TIN:CA ) has appointed Victor Feng as chief executive officer of the company, effective today, following his interim leadership. Feng has served as interim CEO and vice president, corporate development since January 12, 2024, through the completion of the recently completed acquisition of the company's new flagship Santa Barbara gold-copper project. Source: Press Release More on Tincorp Metals Financial information for Tincorp Metals Inc.
G-III Apparel Group (G-III) on Thursday said it signed a definitive agreement with WHP Global to jointly own the intellectual property of the Marc Jacobs brand through a new 50/50 joint venture. Under the agreement, G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will oversee licensing operations. G-III said it will fund its roughly $500 million investment...
G-III Apparel Group (G-III) on Thursday said it signed a definitive agreement with WHP Global to jointly own the intellectual property of the Marc Jacobs brand through a new 50/50 joint venture. Under the agreement, G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will oversee licensing operations. G-III said it will fund its roughly $500 million investment through cash on hand and borrowings under its revolving credit facility. The company said the transaction is expected to be dilutive in the first 12 months after closing and accretive thereafter. The deal, which remains subject to regulatory approval and other customary closing conditions, is expected to close in G-III’s fiscal third quarter of 2027. Source: Press Release More on G-III Apparel G-III Apparel Group Is Emerging From The PVH Headwind G-III Apparel Group, Ltd. (GIII) Q4 2026 Earnings Call Transcript G-III Apparel Group Remains A Compelling Fit G-III outlines $2.71B FY27 sales target amid strategic shift to owned brands and margin expansion G-III Apparel sinks after Saks bankruptcy, Calvin Klein/Tommy Hilfiger fallout
Cisco Systems (NASDAQ:CSCO), a networking and communication technology solutions provider, closed Thursday at $115.53, up 13.41%. The stock is rallying after a blowout fiscal Q3 report, raised guidance, and AI‑driven orders. Investors are watching how sustained AI infrastructure
Cisco Systems (NASDAQ:CSCO), a networking and communication technology solutions provider, closed Thursday at $115.53, up 13.41%. The stock is rallying after a blowout fiscal Q3 report, raised guidance, and AI‑driven orders. Investors are watching how sustained AI infrastructure