Corn futures are holding up on Tuesday, despite a USDA report more on the bear side of things. Contracts are up 3 to 4 cents The CmdtyView national average Cash Corn price is up 3 3/4 cents to $4.38 3/4. The May WASDE report from this morning saw a 15...
Corn futures are holding up on Tuesday, despite a USDA report more on the bear side of things. Contracts are up 3 to 4 cents The CmdtyView national average Cash Corn price is up 3 3/4 cents to $4.38 3/4. The May WASDE report from this morning saw a 15...
Soybeans are in rally mode on Tuesday, with contracts up 11 to 17 cents on a friendlier USDA report from this morning. The cmdtyView national average Cash Bean price is up 14 1/2 cents at $11.61 3/4. Soymeal futures are up $3.70 to $5.10, with Soy Oil futures 80 to...
Soybeans are in rally mode on Tuesday, with contracts up 11 to 17 cents on a friendlier USDA report from this morning. The cmdtyView national average Cash Bean price is up 14 1/2 cents at $11.61 3/4. Soymeal futures are up $3.70 to $5.10, with Soy Oil futures 80 to...
KT press release ( KT ): Q1 Net income of KRW388.3B. Revenue of KRW6.78T (-1% Y/Y) More on KT Europe's telecoms are dominating the foreign communication services' Quant rankings Seeking Alpha’s Quant Rating on KT
KT press release ( KT ): Q1 Net income of KRW388.3B. Revenue of KRW6.78T (-1% Y/Y) More on KT Europe's telecoms are dominating the foreign communication services' Quant rankings Seeking Alpha’s Quant Rating on KT
A federal appeals court on Tuesday issued a temporary stay on a ruling that declared U.S. President Donald Trump’s latest global tariffs unlawful, allowing the administration to continue collecting the levies while the legal battle proceeds. The U.S. Court of Appeals for the Federal Circuit entered an administrative stay and established an expedited briefing schedule, according to the brief order....
A federal appeals court on Tuesday issued a temporary stay on a ruling that declared U.S. President Donald Trump’s latest global tariffs unlawful, allowing the administration to continue collecting the levies while the legal battle proceeds. The U.S. Court of Appeals for the Federal Circuit entered an administrative stay and established an expedited briefing schedule, according to the brief order. The small businesses and Democratic state officials challenging the tariffs have one week to respond to the administration’s request to keep the levies in place during the appeal. Under the order , importers will continue paying the 10% tariffs imposed under Section 122 of the Trade Act of 1974. Earlier in May, t he U.S. Court of International Trade sided with small businesses challenging the tariffs in a 2-1 decision, with one dissenting judge arguing it was premature to rule in favor of the plaintiffs. The tariffs had been in effect since February 24. The small business challengers argued that the new levies represented an attempt to circumvent the Supreme Court's decision to strike down Trump’s 2025 tariffs imposed under the International Emergency Economic Powers Act. 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 the U.S. Economy EUR/USD, GBP/USD And Dollar Index Overview - The U.S. Dollar Rallies Back After CPI, Is The Correction Over? Higher Inflation Is Becoming Baked Into Expectations Ceasefire Is On 'Life Support': Saps Risk Appetites, Buoys The Greenback Fed funds futures turn more hawkish after hot CPI report Tuesday’s Economic Calendar
CR/iStock via Getty Images Dr. Reddy's Laboratories ( NVO ) will launch its off-patent version of Novo Nordisk’s ( NVO ) blockbuster GLP-1 therapy Ozempic in Canada within the “next few days,” becoming the first to sell a generic targeting the popular injectable in the country, its CEO said. The Hyderabad-based firm is looking to introduce the treatment, also known as semaglutide, at a “very healt...
CR/iStock via Getty Images Dr. Reddy's Laboratories ( NVO ) will launch its off-patent version of Novo Nordisk’s ( NVO ) blockbuster GLP-1 therapy Ozempic in Canada within the “next few days,” becoming the first to sell a generic targeting the popular injectable in the country, its CEO said. The Hyderabad-based firm is looking to introduce the treatment, also known as semaglutide, at a “very healthy price,” CEO Erez Israeli told reporters on Tuesday without disclosing details on pricing, according to Bloomberg. Despite an initial rejection last year, Canadian drug regulator approved Dr. Reddy's ( RDY ) marketing application for generic Ozempic in late April, becoming the first G7 nation to approve a knockoff version of the once-weekly therapy. Days later, Apotex also received approval for a rival version, which a spokesperson for the Canadian pharma company said will be launched by the end of May. With only two products approved so far, “the price will likely be higher initially and then drop as more companies start selling,” Israeli said. Novo Nordisk ( NVO ) lost Canadian market exclusivity for semaglutide in January, risking competition from cheaper off-patent versions manufactured by leading generic drugmakers, including Teva ( TEVA ) and Sandoz ( SDZNY ) ( SDZXF ). Six other marketing applications for generic Ozempic are currently undergoing review, with decisions expected in the coming weeks and months, Health Canada said in a statement. More on Dr. Reddy's, Novo Nordisk A/S Novo Nordisk: Flipping The Script Novo Nordisk: Mixed Q1 Does Not Break The Thesis, But Also Does Not Strengthen It Novo Nordisk: Misread Q1 Earnings, Mispriced Stock Novo Nordisk actively seeking deals to expand pipeline, CEO says Novo Nordisk says oral Wegovy success to soften sales decline
AI that can see and understand what's happening in a video — especially a live feed — is understandably an attractive product to lots of enterprises and organizations. Beyond acting as a security "watchdog" over sites and facilities, such an AI model could also be used to clip out the most exciting parts of marketing videos and repurpose them for social, identify inconsistencies and gaffs in video...
AI that can see and understand what's happening in a video — especially a live feed — is understandably an attractive product to lots of enterprises and organizations. Beyond acting as a security "watchdog" over sites and facilities, such an AI model could also be used to clip out the most exciting parts of marketing videos and repurpose them for social, identify inconsistencies and gaffs in videos and flag them for removal, and identify body language and actions of participants in controlled studies or candidates applying for new roles. While there are some AI models that offer this type of functionality today, it's far from a mainstream capability. The two-year-old startup Perceptron Inc. is seeking to change all that, however. Today, it announced the release of its flagship proprietary video analysis reasoning model, Mk1 (short for "Mark One") at a cost — $0.15 per million tokens input / $1.50 per million output through its application programming interface (API) — that comes in about 80-90% less than other leading proprietary rivals, namely, Anthropic's Claude Sonnet 4.5, OpenAI's GPT-5, and Google's Gemini 3.1 Pro. Led by Co-founder and CEO Armen Aghajanyan, formerly of Meta FAIR and Microsoft, the company spent 16 months developing a "multi-modal recipe" from the ground up to address the complexities of the physical world. This launch signals a new era where models are expected to understand cause-and-effect, object dynamics, and the laws of physics with the same fluency they once applied to grammar. Interested users and potential enterprise customers can try it out for themselves on a public demo site from Perceptron here. Performance across spatial and video benchmarks The model's performance is backed by a suite of industry-standard benchmarks focused on grounded understanding. In spatial reasoning (ER Benchmarks), Mk1 achieved a score of 85.1 on EmbSpatialBench, surpassing Google’s Robotics-ER 1.5 (78.4) and Alibaba’s Q3.5-27B (approx. 84.5). In the specia...
Uber (NYSE: UBER) posted its first-quarter earnings report on May 6. Its revenue rose 14% year over year to $13.2 billion, narrowly missing analysts' estimates by $60 million. Yet it's still growing rapidly: its gross bookings grew 25% to $53.7 billion, its monthly active platform consumers (MAPCs) rose 17% to 199 million, and its total trips climbed 20% to 3.04 billion. Uber's adjusted EPS rose 4...
Uber (NYSE: UBER) posted its first-quarter earnings report on May 6. Its revenue rose 14% year over year to $13.2 billion, narrowly missing analysts' estimates by $60 million. Yet it's still growing rapidly: its gross bookings grew 25% to $53.7 billion, its monthly active platform consumers (MAPCs) rose 17% to 199 million, and its total trips climbed 20% to 3.04 billion. Uber's adjusted EPS rose 44% to $0.72 and exceeded the consensus forecast by three cents. Those headline numbers seem solid, but is its stock worth buying this year? Image source: Uber. Continue reading
Containers at the Port of Oakland in Oakland, California, US, on Thursday, March 26, 2026. David Paul Morris | Bloomberg | Getty Images Months after the Supreme Court ruled some tariffs were unconstitutional , the first round of tariff refunds has begun flowing in. Oshkosh Corporation CFO Matt Field confirmed to CNBC that the company has started receiving tariff refunds as of Tuesday. "Following a...
Containers at the Port of Oakland in Oakland, California, US, on Thursday, March 26, 2026. David Paul Morris | Bloomberg | Getty Images Months after the Supreme Court ruled some tariffs were unconstitutional , the first round of tariff refunds has begun flowing in. Oshkosh Corporation CFO Matt Field confirmed to CNBC that the company has started receiving tariff refunds as of Tuesday. "Following acceptance of our initial filing, we have begun receiving payments on our tariff refund claims, representing an initial portion of our total claims submitted," Field said. The company has not yet verified its total refund amount, Field added. Basic Fun, the company behind Care Bears and Tonka trucks, also told CNBC it began receiving tariff refunds on Tuesday. CEO Jay Foreman said the refunds so far have only represented 5% of the company's total claim on its early invoices. "We will utilize the refund dollars to help support our 2026 cash flow and invest in our team. This is the toughest time of the year for toy companies," Foreman said in a statement. "We'll also be announcing to our staff that we will be increasing salaries to help offset cost of living increase, announcing promotions and larger merit increases. We are reinvesting the funds in our business and people." Logistics companies UPS , FedEx and DHL have previously said that they will file for tariff refunds on behalf of their customers, requiring no further action from them. The first phase of tariff refunds only covers requests for entries that CBP finalized within the past 80 days, though that process could take months to reach customers. The U.S. Customs and Border Protection said in a court filing that it anticipated paying refunds of $35.46 billion on 8.3 million shipments, as of Monday morning. In February, the Supreme Court invalidated President Donald Trump 's tariffs imposed under the International Emergency Economic Powers Act of 1977. In the months that followed, companies began filing for tariff refu...
Meta Platforms has offered to give rival AI chatbots free access to its social messaging service WhatsApp for a month while it discusses ways to resolve EU antitrust concerns, the U.S. tech giant said on Tuesday, in a move that could stave off a hefty fine. Meta's move came after the European Commission, which acts as the EU competition enforcer, indicated last month that it was inclined to ord...
Meta Platforms has offered to give rival AI chatbots free access to its social messaging service WhatsApp for a month while it discusses ways to resolve EU antitrust concerns, the U.S. tech giant said on Tuesday, in a move that could stave off a hefty fine. Meta's move came after the European Commission, which acts as the EU competition enforcer, indicated last month that it was inclined to order the company to provide rival AI chatbots access to WhatsApp. The company introduced a policy on January 15 allowing only its Meta AI assistant on WhatsApp, before subsequently amending it in March and saying rivals could use the social messaging app for a fee.
An ultra-Orthodox Jewish party in Israeli Prime Minister Benjamin Netanyahu's coalition has called for parliament to be dissolved, threatening to bring down the government. (Image credit: Leo Correa)
An ultra-Orthodox Jewish party in Israeli Prime Minister Benjamin Netanyahu's coalition has called for parliament to be dissolved, threatening to bring down the government. (Image credit: Leo Correa)
Iskandar Zulkarnaen/iStock via Getty Images The iShares MSCI South Korea ETF ( EWY ) plunged 10% on Tuesday, May 12, following comments from a country official calling for AI profit-taking for the benefit of taxpayers. A so-called “ citizen dividend .” That was all it took for a massive wave of selling pressure to hit the AI-tied country ETF. EWY now features implied volatility of 63%, pricing in ...
Iskandar Zulkarnaen/iStock via Getty Images The iShares MSCI South Korea ETF ( EWY ) plunged 10% on Tuesday, May 12, following comments from a country official calling for AI profit-taking for the benefit of taxpayers. A so-called “ citizen dividend .” That was all it took for a massive wave of selling pressure to hit the AI-tied country ETF. EWY now features implied volatility of 63%, pricing in a 4% daily swing. Losses materially impacted the broader Emerging Markets complex, as well as the ex-U.S. stock market. I was neutral on the fund back in December . I simply did not see such intense gains coming back then, as EWY’s two largest holdings (SK Hynix & Samsung) command an incredible 51.5%. Amid today’s momentum selloff in the semiconductor/memory-storage space, the technicals are boisterous. Fundamentally, the P/E ratio is incredibly low, which suggests peak earnings are either already here or will soon be. In mega-growth trends like this, investors must be discerning with earnings-multiple analysis. I am downgrading EWY to a Sell. I’ll call out where a "buy the dip" strategy could work, but I am increasingly concerned about a blowoff top. EWY Nears Its Worst Day Since March 2020 StockCharts.com SK Hynix And Samsung Are Now 52% Of EWY iShares According to the issuer , EWY "seeks to track the investment results of an index composed of South Korean equities. It offers access to large and mid-sized companies in South Korea and is used to express a single-country view." EWY is now ranked No. 1 out of 577 in its Seeking Alpha Asset Class. EWY’s assets under management have exploded higher in the last five months. Shares have about doubled since my late 2025 analysis, obviously greatly outperforming the S&P 500. AUM is now $24.2 billion, making it a very large country ETF and up from $7.5 billion last December. The annual expense ratio is moderate to elevated at 59 basis points, while the trailing 12-month dividend yield is close to that of the S&P 500, at 1.09%. Shar...
Direxion Daily Semiconductor Bull 3X ETF (NYSEMKT: SOXL) has been a market-beater in recent years, but it was a different story today. The exchange-traded fund (ETF) highlighted the downside of leveraged funds, falling as much as 20.9% at 1 p.m. ET as investors rotated out of lofty valuations in the chip sector. The Direxion Daily Semiconductor Bull 3X ETF is a leveraged ETF, which uses options an...
Direxion Daily Semiconductor Bull 3X ETF (NYSEMKT: SOXL) has been a market-beater in recent years, but it was a different story today. The exchange-traded fund (ETF) highlighted the downside of leveraged funds, falling as much as 20.9% at 1 p.m. ET as investors rotated out of lofty valuations in the chip sector. The Direxion Daily Semiconductor Bull 3X ETF is a leveraged ETF, which uses options and other accounting tools to triple the daily return of the NYSE Semiconductor Index. The iShares Semiconductor ETF (NASDAQ: SOXX) , which simply owns shares reflecting the same index, fell as much as 7%. So the leveraged fund is doing exactly what it's supposed to do, for better or worse. Weak economic data like this report can undermine high-flying stocks and ongoing bull runs, as investors expect reduced access to low-cost loans. That's bad news for businesses seeking funding for their growth-boosting projects, but also for some of the investors who seek higher rewards with risky margin investments. Continue reading
Carlos Barquero | Moment | Getty Images The interest rates on federal student loans are likely to slightly increase in the 2026-27 academic year, according to an exclusive analysis provided to CNBC by higher education expert Mark Kantrowitz. Federal student loan rates are typically fixed for the life of the loan. An uptick in interest rates will make it more expensive to cover college costs . The ...
Carlos Barquero | Moment | Getty Images The interest rates on federal student loans are likely to slightly increase in the 2026-27 academic year, according to an exclusive analysis provided to CNBC by higher education expert Mark Kantrowitz. Federal student loan rates are typically fixed for the life of the loan. An uptick in interest rates will make it more expensive to cover college costs . The higher rates are set to take effect as the One Big Beautiful Bill Act eliminates several affordable student loan repayment plans and other relief options for borrowers who are financially struggling. Read more CNBC personal finance coverage Social Security 'break-even' claims get social media buzz — experts urge caution Here's the inflation breakdown for April 2026 — in one chart Trump said $465,000 in retirement savings is 'rich.' Is it? New college grads overestimate starting salaries by nearly $24,000, report finds CNBC's Financial Advisor 100: Best financial advisors, top firms ranked More than 42 million Americans hold student loans, and collectively, outstanding federal education debt exceeds $1.6 trillion. Here's what to know. Expected student loan interest rates for 2026-27 The government sets interest rates on its education loans once a year. The rates, which run from July 1 to June 30 of the following year, are tied in part to the May auction of the 10-year Treasury Note . Kantrowitz based his calculations on the Treasury Department's announced high-yield rate of 4.47% on Tuesday. Using that result, Kantrowitz estimated the interest rate on federal direct undergraduate loans could be 6.52% in the 2026-27 academic year. The undergraduate rate for the 2025-26 year is 6.39 %. At those new undergraduate rates, every $10,000 a family borrows would result in a $113.64 monthly student loan payment after graduation, assuming the student enrolled in a 10-year Standard Repayment Plan , Kantrowitz calculated. With interest, the borrower would repay $13,636.75 over that decad...
In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNT A Waymo vehicle exits a charging lot on Jan. 15, 2026 in Austin, Texas. Brandon Bell | Getty Images Waymo is recalling about 3,800 robotaxis in the U.S. to fix software issues that could allow them to "drive onto a flooded roadway," according to a letter on the National Highway Traffic Safety Administration's website. The volunt...
In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNT A Waymo vehicle exits a charging lot on Jan. 15, 2026 in Austin, Texas. Brandon Bell | Getty Images Waymo is recalling about 3,800 robotaxis in the U.S. to fix software issues that could allow them to "drive onto a flooded roadway," according to a letter on the National Highway Traffic Safety Administration's website. The voluntary recall is for Waymo vehicles that use the company's fifth and sixth generation automated driving systems (or ADS), the U.S. auto safety regulator said in the letter posted Tuesday. Waymo autonomous vehicles in Austin, Texas, were seen on camera driving onto a flooded street and stalling, requiring other drivers to navigate around them. It's the latest example of a safety-related issue for the Alphabet -owned AV unit that's rapidly bolstering its fleet of vehicles and entering new U.S. markets. Waymo has drawn criticism for its vehicles failing to yield to school buses in Austin, and for the performance of its vehicles during widespread power outages in San Francisco in December, when robotaxis halted in traffic, causing gridlock. The company said in a statement on Tuesday that it's "identified an area of improvement regarding untraversable flooded lanes specific to higher-speed roadways," and opted to file a "voluntary software recall" with the NHTSA. "Waymo provides over half a million trips every week in some of the most challenging driving environments across the U.S., and safety is our primary priority," the company said. Waymo added that it's working on "additional software safeguards" and has put "mitigations" in place, limiting where its robotaxis operate during extreme weather, so that they avoid "areas where flash flooding might occur" in periods of intense rain. WATCH: Waymo launches new autonomous system in Chinese-made vehicle watch now VIDEO 2:27 02:27 Waymo launches new autonomous system in Chinese-made vehicle Money Movers Choose CNBC as your preferred so...