Douglas Rissing Federal Reserve Governor Stephen Miran has submitted his resignation, effective when or shortly before his successor swears in. Miran joined the board on September 16, 2025, to fill an unexpired term ending January 31, 2026. The news comes a day after Kevin Warsh was confirmed by the Senate to be the next chair of the Fed in a 54-45 vote. Warsh will take the reins of the Fed after ...
Douglas Rissing Federal Reserve Governor Stephen Miran has submitted his resignation, effective when or shortly before his successor swears in. Miran joined the board on September 16, 2025, to fill an unexpired term ending January 31, 2026. The news comes a day after Kevin Warsh was confirmed by the Senate to be the next chair of the Fed in a 54-45 vote. Warsh will take the reins of the Fed after current Chair Jerome Powell's term ends on May 15. Powell had said he'll continue to serve as governor for a time after his chair term ends in May. In January, Miran had said in an interview with CNBC News that Warsh will take his seat on the board of governors. Miran had served as chairman of the Council of Economic Advisers before his appointment to the Fed board. 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 Fed Federal Reserve extends rate pause for a third straight meeting The inflation process has shifted even as headline CPI declined – Federal Reserve
Joshua Kushner ’s Thrive Capital has taken a stake in Shopify Inc. , according to people familiar with the matter, marking a rare bet from the venture firm on a public company. Thrive, best known for bets on startups like OpenAI, informed its stakeholders that it has invested about $100 million in the e-commerce company, said one of the people, who spoke on condition of anonymity as the informatio...
Joshua Kushner ’s Thrive Capital has taken a stake in Shopify Inc. , according to people familiar with the matter, marking a rare bet from the venture firm on a public company. Thrive, best known for bets on startups like OpenAI, informed its stakeholders that it has invested about $100 million in the e-commerce company, said one of the people, who spoke on condition of anonymity as the information is not public. The investment is framed as a bet on how artificial intelligence could lead to gains in commerce, said the people. Thrive is part of a small crop of venture investors seeking returns from the public market at a time when startups are taking longer to make their Wall Street debuts. The firm previously made $522 million by investing in car marketplace Carvana , Bloomberg has reported. Accel, another venture investor, backed cloud computing provider Nebius Group NV . Thrive declined to comment. Shopify did not have an immediate response to a request for comment. For years, Shopify mostly focused on mom and pops looking to set up online stores, but more recently it has had some success attracting larger brands. Shopify is betting that the order volume generated by bigger retailers will help it grow faster than by relying on its existing base of smaller firms. Shares of Shopify slumped last month after the company’s outlook suggested its revenue growth pace may be slowing, while higher costs may dampen second-quarter profitability. Shopify’s stock is now down about 40% this year. Kushner has found outsized success with Thrive’s investments in startups like SpaceX , Stripe and OpenAI . Earlier this year, Thrive raised more than $10 billion for its largest fund to date. Thrive and some of its peers, including Accel and Andreessen Horowitz, are registered investment advisers. That designation allows them to back public companies using the same funds as they do for private firms.
Memory has gone from commodity to strategic asset, and Micron Technology (NASDAQ:MU) has been the biggest beneficiary on the public markets. Shares have rocketed 828.56% over the past year, and the AI memory supercycle has investors asking how much further this can run. Our model says the easy money is behind us. Our 24/7 Wall ... Prediction: Micron Will Trade at This Price At The End of The Year
Memory has gone from commodity to strategic asset, and Micron Technology (NASDAQ:MU) has been the biggest beneficiary on the public markets. Shares have rocketed 828.56% over the past year, and the AI memory supercycle has investors asking how much further this can run. Our model says the easy money is behind us. Our 24/7 Wall ... Prediction: Micron Will Trade at This Price At The End of The Year
randomclicks/iStock via Getty Images Ørsted ( DNNGY ) up 1.9% in Thursday's trading as Morgan Stanley upgraded the wind farm developer to Overweight from Equal Weight, saying that while the shares have outperformed the sector with a ~33% YTD gain, the bank still sees valuation as "undemanding" at 9.4x 2027 EV/ EBITDA with clear steps to achieving a higher sum-of-the-parts value, unlike much of sec...
randomclicks/iStock via Getty Images Ørsted ( DNNGY ) up 1.9% in Thursday's trading as Morgan Stanley upgraded the wind farm developer to Overweight from Equal Weight, saying that while the shares have outperformed the sector with a ~33% YTD gain, the bank still sees valuation as "undemanding" at 9.4x 2027 EV/ EBITDA with clear steps to achieving a higher sum-of-the-parts value, unlike much of sector. Furthermore, Ørsted's ( DNNGY ) lean balance sheet provides option value for a capex reboot as one of the few remaining re-leveraging trades in the sector, according to Morgan Stanley analysts led by Robert Pulleyn, who upgraded shares given a combination of lower risk on U.S. projects and estimated 13% earnings per share compound annual growth rate during 2025-30, energy security beneficiary given the likely role of offshore wind, and power price driven EPS/NPV upgrades ahead. Pulleyn and the analysts see re-rating levers for Ørsted ( DNNGY ) in both further de-risking of the U.S. Sunrise project, which is not priced in, and/or the company securing new projects. The bank views RWE ( RWEOY ) and SSE ( SSEZY ) ( SSEZF ) as well as Ørsted ( DNNGY ) among European alternative energy stocks as "key renewable developers with balance sheet strength to accelerate capacity additions." More on Ørsted Five Reasons To Buy Ørsted (Rating Upgrade) Ørsted: Back To An Execution Focus Ørsted Q1 2026 Earnings Call Presentation
Solar stocks are splitting on Thursday. Enphase Energy (NASDAQ:ENPH) is up 15% to $48.13 and SolarEdge Technologies (NASDAQ:SEDG) is up 17% to $50.04, while Canadian Solar (NASDAQ:CSIQ) is down 11% to $17.91. It’s a sharp rotation within the solar complex. Canadian Solar was the one-month leader heading into today, up 58% through Wednesday’s close, while ... SolarEdge Jumps 17%, Enphase Energy Lea...
Solar stocks are splitting on Thursday. Enphase Energy (NASDAQ:ENPH) is up 15% to $48.13 and SolarEdge Technologies (NASDAQ:SEDG) is up 17% to $50.04, while Canadian Solar (NASDAQ:CSIQ) is down 11% to $17.91. It’s a sharp rotation within the solar complex. Canadian Solar was the one-month leader heading into today, up 58% through Wednesday’s close, while ... SolarEdge Jumps 17%, Enphase Energy Leaps 15%, but Canadian Solar Sinks 11% in Lopsided Solar Stock Trade
H&R REIT press release ( HRUFF ): Q1 AFFO of $0.0234 As at March 31, 2026, H&R had cash and cash equivalents of $68.5 million and $897.0 million available under its unused lines of credit. H&R has an unencumbered property pool of approximately $3.2 billion, which is 2.99x unsecured debt. As at March 31, 2026, debt to total assets per the REIT's Financial Statements was 31.7% compared to 38.4% as a...
H&R REIT press release ( HRUFF ): Q1 AFFO of $0.0234 As at March 31, 2026, H&R had cash and cash equivalents of $68.5 million and $897.0 million available under its unused lines of credit. H&R has an unencumbered property pool of approximately $3.2 billion, which is 2.99x unsecured debt. As at March 31, 2026, debt to total assets per the REIT's Financial Statements was 31.7% compared to 38.4% as at December 31, 2025. As at March 31, 2026, debt to total assets at the REIT's proportionate share (a non-GAAP ratio, refer to the "Non-GAAP Measures" section of this news release) was 42.6% compared to 49.8% as at December 31, 2025. Debt to Adjusted EBITDA at the REIT's proportionate share (a non-GAAP ratio, refer to the "Non-GAAP Measures" section of this news release) was 7.0x as at March 31, 2026. More on H&R Real Estate Investment Trust Historical earnings data for H&R Real Estate Investment Trust Dividend scorecard for H&R Real Estate Investment Trust Financial information for H&R Real Estate Investment Trust
Shares of NVIDIA (NASDAQ:NVDA) are trading at $236 in Thursday afternoon action, up 4.5% on the session. The move extends a rally that has lifted the chipmaker 20% over the past month and 27% year to date. NVIDIA’s market cap now sits near $5.71 trillion, the largest in the world. The one-year return has reached ... NVIDIA is Up 20% in a Month. Could the May 20 Earnings Report Knock It Right Back ...
Shares of NVIDIA (NASDAQ:NVDA) are trading at $236 in Thursday afternoon action, up 4.5% on the session. The move extends a rally that has lifted the chipmaker 20% over the past month and 27% year to date. NVIDIA’s market cap now sits near $5.71 trillion, the largest in the world. The one-year return has reached ... NVIDIA is Up 20% in a Month. Could the May 20 Earnings Report Knock It Right Back Down?
Prediction markets Kalshi ( KALSHI ) and Polymarket ( POLYMARKET ) continue to be major disruptors to the sports betting industry, even as DraftKings ( DKNG ) and FanDuel ( FLUT ) look to cut into the trend with their platforms in certain states. While the popularity of prediction markets is unquestionable, quantifying the impact on the sports betting market is trickier. Pure trading volume on Kal...
Prediction markets Kalshi ( KALSHI ) and Polymarket ( POLYMARKET ) continue to be major disruptors to the sports betting industry, even as DraftKings ( DKNG ) and FanDuel ( FLUT ) look to cut into the trend with their platforms in certain states. While the popularity of prediction markets is unquestionable, quantifying the impact on the sports betting market is trickier. Pure trading volume on Kalshi ( KALSHI ) is clearly higher than sports betting handles of FanDuel ( FLUT ) and DraftKings ( DKNG ). However, that direct comparison (highlighted on some sites) is flawed since Kalshi ( KALSHI ) counts the value of the market maker's contract instead of just the taker side of the same contract. For instance, a $25 Kalshi parlay that would pay out $1,000 if the outcome is positive (yes) counts as $1,000 in trading volume, even if only $25 is spent on the platform with an outcome (no) that is a loss for the taker. In addition, the same contract can be bought and sold more than once on the platform, with trading volume increasing each time the contract is flipped. A better comparison to sports betting handle is taker-side volume on the Kalshi platform, according to InGame. Notably, the firm reported that taker-side volume is now exceeding $200M per day, which is ahead of or very close to the top sportsbooks' handle. The major takeaway is that Kalshi ( KALSHI ) and Polymarket (POLYMAKRET) are clear threats to sports betting operators looking for new customers and retaining current estimates, even if the trading volume numbers overstate the impact to create a more dire narrative. More on prediction markets and sports betting operators Flutter Entertainment plc (FLUT) Discusses FanDuel Performance Challenges and Strategic Organizational Changes Transcript DraftKings Inc. 2026 Q1 - Results - Earnings Call Presentation DraftKings Inc. (DKNG) Q1 2026 Earnings Call Transcript Interactive Brokers launches unified interface for trading on Kalshi, CME, ForecastEx Virtu Financial st...
Boeing (NYSE: BA) CEO Kelly Ortberg is part of the U.S. delegation in China this week, and his company has reportedly already secured a deal. President Donald Trump announced on May 14 that China has agreed to purchase 200 Boeing 737 jets, as well as to buy U.S. soybeans, oil, liquefied natural gas, and other energy products. The announcement comes on the first day of Trump's bilateral negotiation...
Boeing (NYSE: BA) CEO Kelly Ortberg is part of the U.S. delegation in China this week, and his company has reportedly already secured a deal. President Donald Trump announced on May 14 that China has agreed to purchase 200 Boeing 737 jets, as well as to buy U.S. soybeans, oil, liquefied natural gas, and other energy products. The announcement comes on the first day of Trump's bilateral negotiations in Beijing with Chinese President Xi Jinping. While a deal with Beijing was high on Boeing's priority list, the market didn't give Boeing stock a much-needed boost, falling more than 4% in afternoon trading. Should the deal with China change how investors view Boeing stock? As with many things in the stock market , the answer is complex. Continue reading
DNBSTOCK/iStock via Getty Images In today’s column we return to look at 5%-yielding , rangebound, and somewhat speculative Tuya Inc. ( TUYA ). Despite this Chinese stock being range bound, the company is still growing steadily. We have to reiterate that it has been great for trading. We still like entry at around the $2 level. Just look at the chart; it bounces back and forth. While we cannot pen ...
DNBSTOCK/iStock via Getty Images In today’s column we return to look at 5%-yielding , rangebound, and somewhat speculative Tuya Inc. ( TUYA ). Despite this Chinese stock being range bound, the company is still growing steadily. We have to reiterate that it has been great for trading. We still like entry at around the $2 level. Just look at the chart; it bounces back and forth. While we cannot pen a column publicly every time the stock enters a buy or sell zone, if you want that level of guidance, then you need BAD BEAT Investing. Otherwise, the general view is to buy close to $2 and sell close to $2.50. You can maintain a core position, of course, to collect the dividend it pays. Since it has been 6 months since our last buy call around $2, we are here to say it is time to consider a purchase again on the retracement. The recent quarter was decent here , so the action in TUYA shares strikes us as another buying opportunity. Tuya Revenue Back on the Mend The earnings this week showed revenue growth is back. While the hypergrowth of the past is long gone, the company, with its 5% yield and trading range, could be an income name (it pays a semiannual dividend of $0.05-$0.06 each). What we look for in an income name is a stable trading range, which we clearly have. But we also look for moderate growth in revenue and earnings. We have that too. In Q1, Tuya’s total revenue was up from a year ago by 8.3% to $81 million. That was a slight beat against estimates as well. However, we saw a dip in gross margins on these sales, which in part explains the bearish action. More on that in a moment. Let’s look at segment performance. We saw growth in two of the three segments. The former SaaS segment, now called AI applications, is on par with the Smart Home and Robotics for being the smallest revenue source. In this quarter, Smart Home was the lowest source of revenue. But AI applications showed the best growth. Revenue grew a strong 16.9% to $11.6 million, rising from $10.0 milli...