Russia unleashed the largest aerial attack on Ukraine over a two-day period since the war began, pounding the capital Kyiv and other cities across the country with hundreds of drones, Ukrainian officials said on Thursday. President Volodymyr Zelensky said that Russia had launched more than 1,560 drones since the start of Wednesday. Overnight on Thursday, Moscow fired more than 670 attack drones a...
Russia unleashed the largest aerial attack on Ukraine over a two-day period since the war began, pounding the capital Kyiv and other cities across the country with hundreds of drones, Ukrainian officials said on Thursday. President Volodymyr Zelensky said that Russia had launched more than 1,560 drones since the start of Wednesday. Overnight on Thursday, Moscow fired more than 670 attack drones and 56 missiles against Ukraine, he said. Air defence units shot down 41 missiles and 652 drones...
Shares of New World Development (NWD) – the beleaguered property developer owned by one of Hong Kong’s richest families – fell on Thursday, after the firm acknowledged it had made no progress on plans to dispose of a mega shopping centre project and introduce new investors. The stock tumbled by as much as 4.7 per cent in Hong Kong, before paring some of the losses to close 4.3 per cent lower at HK...
Shares of New World Development (NWD) – the beleaguered property developer owned by one of Hong Kong’s richest families – fell on Thursday, after the firm acknowledged it had made no progress on plans to dispose of a mega shopping centre project and introduce new investors. The stock tumbled by as much as 4.7 per cent in Hong Kong, before paring some of the losses to close 4.3 per cent lower at HK$8.95. The Hang Seng Index remained largely unchanged for the day. NWD was still in talks with Hong...
PPL (NYSE:PPL) reported higher first-quarter earnings and reaffirmed its 2026 and long-term financial targets, while executives highlighted regulatory developments, data center-driven load growth and potential generation investments across the company’s service territories. Pres
PPL (NYSE:PPL) reported higher first-quarter earnings and reaffirmed its 2026 and long-term financial targets, while executives highlighted regulatory developments, data center-driven load growth and potential generation investments across the company’s service territories. Pres
A state-owned company that holds a monopoly on the purchase of hand-dug cobalt in Democratic Republic of Congo is seeking to form additional partnerships with industrial producers to control illegal mining on their sites, the head of the group said in an interview. So-called artisanal diggers who illegally enter mining sites have been a persistent risk for the country’s big copper and cobalt miner...
A state-owned company that holds a monopoly on the purchase of hand-dug cobalt in Democratic Republic of Congo is seeking to form additional partnerships with industrial producers to control illegal mining on their sites, the head of the group said in an interview. So-called artisanal diggers who illegally enter mining sites have been a persistent risk for the country’s big copper and cobalt miners, including CMOC Group Ltd. and Glencore Plc. Hundreds of thousands of Congolese work in the industry, often under dangerous conditions, and the sheer number of diggers has made it difficult for the government and mining companies to protect their sites. To tackle the problem, Congo’s Entreprise Generale du Cobalt is seeking to designate small areas of land on miners’ concessions for development by cooperatives of independent diggers, in partnership with the companies holding the permits, Chief Executive Officer Eric Kalala said Wednesday. “It’s one of the social solutions that we’ve offered to the industrials: To work with us to reduce the pressure,” Kalala told Bloomberg in an interview at the Cobalt Institute’s annual congress in Madrid. EGC would designate “squares” of land for artisanal use without changing the permit’s legal status, he said. Formalizing the interplay between artisanal and industrial mining has been a struggle up to now, partly because miners have been reluctant to give up any of their valuable concessions, or open themselves up to legal liability. EGC is hoping to mitigate those concerns through new regulations released last year allowing it to enter into partnerships with mining companies to address the artisanal issue. EGC signed its first deal in February with Eurasian Resources Group, which owns multiple copper and cobalt projects in the country, where the two minerals are often found together. EGC and ERG are still identifying sites for the project, Kalala said. EGC is also talking with US company Virtus Minerals Inc. to implement a similar plan...
Key PointsThe Michigan Consumer Sentiment Index fell to 48.2 in May, the lowest reading in history, as consumers worried over high gas prices and tariffs.
Key PointsThe Michigan Consumer Sentiment Index fell to 48.2 in May, the lowest reading in history, as consumers worried over high gas prices and tariffs.
Chinese President Xi Jinping opposes efforts to charge a toll to navigate the Strait of Hormuz and is interested in purchasing more US oil to reduce its dependence on the waterway in the future, according to a White House official. Xi made the comments during his meeting with US President Donald Trump in Beijing on Thursday, according to the official. China’s official readout of the meeting didn’t...
Chinese President Xi Jinping opposes efforts to charge a toll to navigate the Strait of Hormuz and is interested in purchasing more US oil to reduce its dependence on the waterway in the future, according to a White House official. Xi made the comments during his meeting with US President Donald Trump in Beijing on Thursday, according to the official. China’s official readout of the meeting didn’t include energy in the list of topics the two presidents discussed, although it did say they talked about the Middle East. China is the world’s largest importer of crude oil and natural gas, and the US is the biggest producer of both. But shipments between the two countries ground to a halt last year after China imposed levies on the commodities in retaliation to Trump’s sweeping tariffs on Chinese goods. Global oil and gas supplies have come under severe pressure this year after Iran effectively shut Hormuz in response to US and Israeli air strikes, and threatened to charge ships for passage. The closure of the strait has disrupted roughly a fifth of the world’s oil and liquefied natural gas exports, driving prices higher. The US has since started its own blockade to prevent ships from exiting the Persian Gulf. Chinese oil supertanker Yuan Hua Hu appeared to pass through the blockade safely on Thursday. Both Xi and Trump agreed the strait must remain open to support the free flow of energy, according to the US official.
Luis Alvarez/DigitalVision via Getty Images The share price of Uber ( UBER ) hasn't moved much since I broke down my complete thesis in January, but the story and fundamentals certainly have. I am reiterating my Strong Buy on Uber with a 1-year price target of $150, driven by the company's continued accelerating growth and its aggressive push into robotaxis. Robotaxis are no longer just a concept—...
Luis Alvarez/DigitalVision via Getty Images The share price of Uber ( UBER ) hasn't moved much since I broke down my complete thesis in January, but the story and fundamentals certainly have. I am reiterating my Strong Buy on Uber with a 1-year price target of $150, driven by the company's continued accelerating growth and its aggressive push into robotaxis. Robotaxis are no longer just a concept—they are a real product completing millions of rides across the globe—and I believe Uber remains best positioned to capture the lion's share of the AV market as it scales. The stock is currently down 25% from its all-time highs, weighed down by the narrative that Waymo or Tesla will rapidly displace it. This bearish sentiment is causing a massive disconnect between the stock price and the underlying fundamentals. Despite posting $53.7 billion in gross bookings in Q1 2026 (up 25% YoY, marking the third consecutive quarter above 21% constant-currency growth) and issuing strong Q2 guidance of up to $57.75 billion, the valuation has consistently sunk to record lows. As the market fully realizes Uber's geographic and delivery floor, its robotaxi edge, and its future as a true superapp, I expect the share price to aggressively re-rate. Asymmetric Upside Uber has evolved to be far more than a rideshare service in a few major US cities; it is a much safer and more diversified company than the market realizes, considering its delivery, suburban, and global presence. Delivery The Delivery segment generated a record $961 million of operating income in Q1 2026 , up 43% YoY, representing a massive chunk of overall profits. Uber Eats continues its dominance globally, with Delivery Gross Bookings accelerating to 28% YoY growth ($26 billion). It is still young in its expansion into suburbs, G&R, and new geographies. Grocery and Retail (G&R) has over a $12 billion gross bookings run rate and is growing 50%+. A new feature announced at their Go-Get event even delivers from places not on the ...