Although most investors are laser-focused on the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) hitting all-time highs on the heels of artificial intelligence (AI) euphoria, 2026 is also shaping up to be the year of the mega- initial public offering (IPO) . Possibly within the next two months, investors will be privy to the largest-ever IPO, SpaceX. Reports have pointed to Spa...
Although most investors are laser-focused on the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) hitting all-time highs on the heels of artificial intelligence (AI) euphoria, 2026 is also shaping up to be the year of the mega- initial public offering (IPO) . Possibly within the next two months, investors will be privy to the largest-ever IPO, SpaceX. Reports have pointed to SpaceX kicking off its IPO roadshow during the week of June 8 , placing the debut of Elon Musk's conglomerate in late June, or shortly thereafter. Image source: Getty Images. Continue reading
Nebius Group press release ( NBIS ): Q1 GAAP EPS of $2.11 beats by $2.82 . Revenue of $339M (+566.0% Y/Y) misses by $49.57M . More on Nebius Group Nebius Q1 Preview: The $18B Question Nebius: 2 Warnings From CoreWeave's Q1 2026 Earnings Nebius Q1: One Number May Settle The CapEx Funding Debate Nebius breaks ground on gigawatt-scale AI factory in Missouri Nebius Group Q1 Preview: Capex deployment, ...
Nebius Group press release ( NBIS ): Q1 GAAP EPS of $2.11 beats by $2.82 . Revenue of $339M (+566.0% Y/Y) misses by $49.57M . More on Nebius Group Nebius Q1 Preview: The $18B Question Nebius: 2 Warnings From CoreWeave's Q1 2026 Earnings Nebius Q1: One Number May Settle The CapEx Funding Debate Nebius breaks ground on gigawatt-scale AI factory in Missouri Nebius Group Q1 Preview: Capex deployment, ARR trends in focus
Nebius Group press release ( NBIS ): Q1 GAAP EPS of $2.11 beats by $2.82 . Revenue of $399M (+684% Y/Y) beats by $10.43M. Note: The revised post corrects the revenue figure to $399M. More on Nebius Group Nebius Q1 Preview: The $18B Question Nebius: 2 Warnings From CoreWeave's Q1 2026 Earnings Nebius Q1: One Number May Settle The CapEx Funding Debate Nebius breaks ground on gigawatt-scale AI factor...
Nebius Group press release ( NBIS ): Q1 GAAP EPS of $2.11 beats by $2.82 . Revenue of $399M (+684% Y/Y) beats by $10.43M. Note: The revised post corrects the revenue figure to $399M. More on Nebius Group Nebius Q1 Preview: The $18B Question Nebius: 2 Warnings From CoreWeave's Q1 2026 Earnings Nebius Q1: One Number May Settle The CapEx Funding Debate Nebius breaks ground on gigawatt-scale AI factory in Missouri Nebius Group Q1 Preview: Capex deployment, ARR trends in focus
Deagreez/iStock via Getty Images There are a number of reasons I remain quite bullish on crude oil ( CL1:COM ) ( CO1:COM ) for the rest of 2026. Perhaps the most obvious one shouting at me today is the silver-to-oil ratio, sitting near the all-time high of January. The ratio of an ounce of silver ( XAGUSD:CUR ) at $86 ounce vs. a barrel of WTI crude oil at $102 is incredibly rare for a comparison....
Deagreez/iStock via Getty Images There are a number of reasons I remain quite bullish on crude oil ( CL1:COM ) ( CO1:COM ) for the rest of 2026. Perhaps the most obvious one shouting at me today is the silver-to-oil ratio, sitting near the all-time high of January. The ratio of an ounce of silver ( XAGUSD:CUR ) at $86 ounce vs. a barrel of WTI crude oil at $102 is incredibly rare for a comparison. StockCharts.com - Silver Spot, 18 Months of Daily Price & Volume Changes StockCharts.com - WTI Crude Oil Spot, 18 Months of Daily Price & Volume Changes Since 1946, only December 2025 to February 2026, a few days in April 2020, and January 1980 have witnessed a ratio over parity (1:1), where a single ounce of silver could purchase a barrel of crude oil. The current 0.85x ratio cannot last much longer is my research conclusion (where you need 1.18 silver ounces to buy 1 barrel of oil). Typically, it takes at least 2 or 3, sometimes a much higher number of silver ounces to equal a barrel of oil. On the flip side to early 2026, it took 10 ounces of silver to purchase a barrel of crude oil in 2005 (the all-time low comparison). You can review this concept on the long-term chart below, going back to 1945. Macrotrends.net - Silver to Oil Ratio, Since 1945, Recessions Shaded The main reason this ratio has traded rather consistently as a range over eight decades is both silver and crude oil are industrial commodities. Each are affected by similar economic growth and demand trends, while high capital expenditure mining and exploration costs, plus labor-intensive operations, generate cyclical swings that generally mimic the other for supply/demand balance. Both are also considered stores of wealth, with silver being easier to hide, hold, and transport. In the end as an investor, extremes in pricing of one vs. the other are what catch your attention and provide some insight into potential reversals for desirability in your portfolio. Below I have drawn a 10-year chart using weekly va...
Cloud computing provider Nebius Group NV reported a 684% jump in first quarter sales on increased demand for its data centers. The Amsterdam-based company said in a statement on Wednesday that revenues reached $399 million for the quarter, slightly above analyst expectations. Adjusted earnings before interest, taxes, depreciation, and amortization were $129.5 million, after a loss during the same ...
Cloud computing provider Nebius Group NV reported a 684% jump in first quarter sales on increased demand for its data centers. The Amsterdam-based company said in a statement on Wednesday that revenues reached $399 million for the quarter, slightly above analyst expectations. Adjusted earnings before interest, taxes, depreciation, and amortization were $129.5 million, after a loss during the same period last year. Nebius competes with CoreWeave Inc . and a range of neo-cloud startups that rent out computing resources to artificial intelligence developers. It’s a costly business with rapidly growing competition, including from Silicon Valley’s largest cloud operators. During the first quarter, Nebius spent around $2.5 billion buying chips, equipment and expanding data centers. The company, which split from Russian internet giant Yandex, has made a number of recent acquisitions, such as California research lab Eigen AI and the engineering team of AI startup Clarifai. Read More: Cloud Provider Nebius Agrees to Buy AI Startup for $643 Million
Jira Pliankharom/iStock via Getty Images For the three months ended March 31, 2026, the total return on the Ave Maria Growth Focused Fund ( AVEAX ) was 2.62%, compared to the S&P MidCap 400® Growth Index at 3.92% and the S&P 500® Index at -4.33%. The returns for the Ave Maria Growth Focused Fund compared to its benchmarks as of the end of the quarter were: FUND A N N U A L I Z E D YEAR-TO-DATE 1 Y...
Jira Pliankharom/iStock via Getty Images For the three months ended March 31, 2026, the total return on the Ave Maria Growth Focused Fund ( AVEAX ) was 2.62%, compared to the S&P MidCap 400® Growth Index at 3.92% and the S&P 500® Index at -4.33%. The returns for the Ave Maria Growth Focused Fund compared to its benchmarks as of the end of the quarter were: FUND A N N U A L I Z E D YEAR-TO-DATE 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE INCEPTION (5/1/20) Ave Maria Growth Focused Fund ( AVEAX ) Prospectus Expense Ratio: 1.11% 2.62% 12.37% 13.78% 5.75% — 9.65% S&P MidCap 400® Growth Index 3.92% 21.85% 13.14% 6.19% — 13.93% S&P 500® Index -4.33% 17.80% 18.32% 12.06% — 16.91% Click to enlarge Performance data quoted represents past performance, which is no guarantee of future results. Investment return and principal value are historical and may fluctuate so that redemption value may be worth more or less than the original cost. Current performance may be lower or higher than what is quoted. Call 1-866-AVE-MARIA for the most current month-end performance. Click to enlarge The Fund started the year with strong price performance momentum. However, the conflict involving Iran led to a partial give-back of those early gains. Given that the portfolio remains focused on a select group of high-quality businesses which generate high returns on invested capital, the Fund is well positioned for resilience through economic cycles and long-term compounding. One core theme across several holdings in the portfolio is ownership of irreplaceable real assets that underpin essential economic activity. At quarter-end, approximately 46% of the portfolio was invested in companies that own such irreplaceable real assets. An additional 15% was invested in three Brookfield ( BN ) companies, which themselves own or finance a collection of geographically advantaged real assets. Below is an overview of these holdings: GFL Environmental, Inc. ( GFL ) A major municipal waste company, GFL owns and operates a...
Nebius Group on Wednesday reported higher-than-expected first-quarter capital spending, driven by investments tied to the procurement of graphics processing units and data center hardware for its core AI cloud business. The company has grabbed a slice of the lucrative AI and cloud infrastructure market by providing Nvidia GPUs and computing platforms to developers. However, analysts have flagge...
Nebius Group on Wednesday reported higher-than-expected first-quarter capital spending, driven by investments tied to the procurement of graphics processing units and data center hardware for its core AI cloud business. The company has grabbed a slice of the lucrative AI and cloud infrastructure market by providing Nvidia GPUs and computing platforms to developers. However, analysts have flagged Nebius' heavy capital spending as a major concern as the company aggressively expands its global data center footprint, putting pressure on margins despite strong revenue growth.
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we explore the controversial dividend recap deals lining the pockets of private equity players, the sliding demand for private credit among US corporates and a massive financing opportunity within Apollo’s and Blackstone’s...
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we explore the controversial dividend recap deals lining the pockets of private equity players, the sliding demand for private credit among US corporates and a massive financing opportunity within Apollo’s and Blackstone’s grasp. But first we look at how two erstwhile rivals are teaming up in Europe’s booming credit secondaries market. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net You’ve Got a Friend There are few rivalries in European direct lending as noted as that between Ares and Arcmont Asset Management . For more than a decade, the two firms have gone toe-to-toe with one another in origination and fundraising. Lately, however, that good-natured competition has taken on a different tone. Ares is lead buyer on Arcmont’s $2.5 billion credit secondaries transaction — the largest such deal ever completed in Europe. The milestone trade is not only notable for its size, but for the meeting of minds between two long-standing opponents, which could have significant implications for the burgeoning market for secondhand fund stakes. Such cooperation would once have been unlikely. Credit secondaries transactions typically require the consent of the underlying fund manager, a fact that has historically stymied the sector’s growth. Many firms have been reluctant to grant rivals visibility into their portfolios during due diligence, wary of surrendering valuable client relationships or any competitive advantage. “In private credit, it could be quite easy, if you have someone else’s portfolio, to go down a list of names, approach borrowers, and refinance them at tighter spreads,” said Arcmont CEO Anthony Fobel . “Not that I’m suggesting people would do that but it’s a pretty simple thing to do.” Establishing trust, therefore, is critical, parti...
Annie Duke, the former World Series of Poker Tournament of Champions winner and author of Thinking in Bets and Quit: The Power of Knowing When to Walk Away, said investors often make costly mistakes by confusing lucky outcomes with strong investing decisions during speculative market rallies. Speaking in an interview with MarketWatch published Tuesday, the poker pro turned investing coach outlined...
Annie Duke, the former World Series of Poker Tournament of Champions winner and author of Thinking in Bets and Quit: The Power of Knowing When to Walk Away, said investors often make costly mistakes by confusing lucky outcomes with strong investing decisions during speculative market rallies. Speaking in an interview with MarketWatch published Tuesday, the poker pro turned investing coach outlined a three-step framework for evaluating markets that appear overheated. She said investors should fir