Novanta (NASDAQ:NOVT) reported stronger-than-expected first-quarter 2026 results, with management citing broad-based bookings growth, accelerating demand in automation and medical markets, and rising exposure to artificial intelligence-related infrastructure applications. Chair
Novanta (NASDAQ:NOVT) reported stronger-than-expected first-quarter 2026 results, with management citing broad-based bookings growth, accelerating demand in automation and medical markets, and rising exposure to artificial intelligence-related infrastructure applications. Chair
JD.com (NASDAQ:JD) reported a faster pace of revenue growth and higher profitability in the first quarter of 2026, as gains in general merchandise, marketplace services and logistics helped offset continued pressure in electronics and home appliances. Chief Executive Officer Sandy Xu said total rev
JD.com (NASDAQ:JD) reported a faster pace of revenue growth and higher profitability in the first quarter of 2026, as gains in general merchandise, marketplace services and logistics helped offset continued pressure in electronics and home appliances. Chief Executive Officer Sandy Xu said total rev
The world's largest exchange-traded fund, SPDR S&P 500 ETF Trust ( SPY ) , saw inflows of $4.24B for the week ended May 8, while its price increased by 2.73%. iShares Bitcoin Trust ETF ( IBIT ) saw inflows of $907.90M last week, while Bitcoin ( BTC-USD ) price slipped 0.29% during the same period. iShares Silver Trust ETF ( SLV ) saw inflows of $25.65M, compared to the previous week’s outflows. On...
The world's largest exchange-traded fund, SPDR S&P 500 ETF Trust ( SPY ) , saw inflows of $4.24B for the week ended May 8, while its price increased by 2.73%. iShares Bitcoin Trust ETF ( IBIT ) saw inflows of $907.90M last week, while Bitcoin ( BTC-USD ) price slipped 0.29% during the same period. iShares Silver Trust ETF ( SLV ) saw inflows of $25.65M, compared to the previous week’s outflows. On the other hand, SPDR Gold Shares ETF ( GLD ) posted outflows totaling $207.67M this week, while GLD prices rose 4.60% during the week. Last week’s inflows/outflows The 11 S&P 500 sector tracking ETFs collectively recorded inflows of about $281.64M last week, according to the data from etfdb.com. The largest outflows were seen in the Financial Select Sector SPDR Fund ( XLF ) , totaling $813.59M, followed by the Consumer Discretionary Select Sector SPDR Fund ( XLY ) with $607.92M in outflows, and the Health Care Select Sector SPDR Fund ( XLV ) , which recorded $246.98M in outflows. The majority of the sectors recorded outflows during the week. On the other hand, the top sector inflows were led by the Technology Select Sector SPDR Fund ( XLK ) , which recorded $909.99M, followed by the Energy Select Sector SPDR Fund ( XLE ) with $783.81M and the Industrial Select Sector SPDR Fund ( XLI ) at $473.43M. Breakdown of S&P 500 sector fund flows: Name of fund Ticker Flows Technology Select Sector SPDR Fund ( XLK ) $909.99M Energy Select Sector SPDR Fund ( XLE ) $783.81M Industrial Select Sector SPDR Fund ( XLI ) $473.43M Real Estate Select Sector SPDR Fund ( XLRE ) $202.29M Consumer Staples Select Sector SPDR Fund ( XLP ) ($0.74M) Materials Select Sector SPDR Fund ( XLB ) ($25.25M) Communication Services Select Sector SPDR Fund ( XLC ) ($181.46M) Utilities Select Sector SPDR Fund ( XLU ) ($211.94M) Health Care Select Sector SPDR Fund ( XLV ) ($246.98M) Consumer Discretionary Select Sector SPDR Fund ( XLY ) ($607.92M) Financial Select Sector SPDR Fund ( XLF ) ($813.59M) Click to enla...
Jamie Dimon warned the UK that any move to hike taxes on banks in the event Keir Starmer is replaced as the UK’s prime minster would see JPMorgan Chase & Co. scrap plans to invest billions in a new London headquarters in Canary Wharf. Dozens of Labour members of Parliament and a handful of ministers have called for Starmer to resign after his party suffered bruising losses in the UK’s local electi...
Jamie Dimon warned the UK that any move to hike taxes on banks in the event Keir Starmer is replaced as the UK’s prime minster would see JPMorgan Chase & Co. scrap plans to invest billions in a new London headquarters in Canary Wharf. Dozens of Labour members of Parliament and a handful of ministers have called for Starmer to resign after his party suffered bruising losses in the UK’s local elections last week. Asked if JPMorgan would review its plans for the new office in light of political instability that’s followed, Dimon was unequivocal. “Not political instability but if they become hostile to banks again, yes,” Dimon said in an interview with Bloomberg TV on Tuesday at JPMorgan’s annual Global Markets Conference in Paris. “I’ve always objected to the fact, we didn’t damage the UK in any way, we paid probably $10 billion in extra taxes by now. I don’t think that’s right or fair. If that happens too much we will reconsider.” Bond markets have reacted sharply to the prospect of Starmer’s ouster over fears his replacement could oversee a leftward lurch in the government’s position involving higher taxes and more government spending. Read More: JPMorgan to Build New London Headquarters in Canary Wharf JPMorgan unveiled plans to build what will be London’s largest office in the east London financial hub in late November, a day after Chancellor Rachel Reeves unveiled a Budget that largely spared banks. Read More: Jamie Dimon Warns of ‘Stupid’ Trade Issues Between Europe, US The office will span about 3 million square feet of gross area and host as many as 12,000 employees. Including the cost of construction, the six-year project will contribute £9.9 billion ($13.4 billion) to the local economy and create 7,800 jobs, according to the bank. Dimon has previously praised both Starmer and Reeves. On Tuesday, the chief executive officer said Starmer was a “smart guy.”
Images_By_Kenny Foxconn, formally known as Hon Hai Precision Industry ( HNHAF ) ( HNHPF ), said on Tuesday cyberattacks targeted some of its factories in North America. The company activated contingency plans to maintain operations. The Apple ( AAPL ) and Nvidia ( NVDA ) supplier said production at the affected plants is currently running normally despite the incidents. More on Hon Hai Precision I...
Images_By_Kenny Foxconn, formally known as Hon Hai Precision Industry ( HNHAF ) ( HNHPF ), said on Tuesday cyberattacks targeted some of its factories in North America. The company activated contingency plans to maintain operations. The Apple ( AAPL ) and Nvidia ( NVDA ) supplier said production at the affected plants is currently running normally despite the incidents. More on Hon Hai Precision Industry Hon Hai Precision: Strong Q4 Results And Positive Outlook Hon Hai Precision Industry Co., Ltd. 2025 Q4 - Results - Earnings Call Presentation SoftBank-Nvidia in talks to build Japanese AI servers: report Foxconn sees record April revenue amid AI server rack growth Seeking Alpha’s Quant Rating on Hon Hai Precision Industry
Wang Fuk Court’s administrator has revealed that HK$180 million (US$22.9 million) has been paid to parties involved in the estate’s renovation project, with the remaining HK$127 million to be refunded to owners displaced by one of Hong Kong’s deadliest fires in decades. The details were disclosed during a Zoom meeting on Tuesday, one of two sessions arranged for residents by Hop On Management Comp...
Wang Fuk Court’s administrator has revealed that HK$180 million (US$22.9 million) has been paid to parties involved in the estate’s renovation project, with the remaining HK$127 million to be refunded to owners displaced by one of Hong Kong’s deadliest fires in decades. The details were disclosed during a Zoom meeting on Tuesday, one of two sessions arranged for residents by Hop On Management Company, the government-appointed administrator of the Tai Po estate following the fire. The second...
imaginima/E+ via Getty Images Oil prices are likely to remain elevated in the $90 to $120 range for an extended period, potentially stretching into early 2027, according to former Biden White House senior adviser Amos Hochstein. The energy expert warned that the current stalemate in U.S.-Iran negotiations, combined with the closure of key shipping straits, has created a “slow rolling disruption” t...
imaginima/E+ via Getty Images Oil prices are likely to remain elevated in the $90 to $120 range for an extended period, potentially stretching into early 2027, according to former Biden White House senior adviser Amos Hochstein. The energy expert warned that the current stalemate in U.S.-Iran negotiations, combined with the closure of key shipping straits, has created a “slow rolling disruption” that will impact global economies in waves. In an interview with CNBC, Hochstein, now managing partner at TWG Global, explained that while equity markets appear unfazed by the current geopolitical tensions, they are operating under the assumption that oil markets will normalize quickly. “The problem is that as long as missiles are not flying, it doesn’t really matter because the oil markets are gonna continue to see this disruption,” he said. Hochstein emphasized that the disruption’s effects will be felt unevenly across the globe. “It affects poor economies first. Equity markets, unfortunately, don’t care about poor economies. It then goes to middle economies and eventually to larger ones, and only at the very end does it hit the United States,” he explained. This suggests American consumers may not feel the full impact immediately, but elevated prices are here to stay. Regarding potential solutions, Hochstein dismissed the idea of opening the Strait of Hormuz by military force, arguing it would only drive prices higher. “Taking that area militarily by force doesn’t change the fact that these drones can fly 13 to 1,500 kilometers at a low altitude, and all you need is one tanker gets hit, and now no tanker goes again,” he warned. Instead, he believes a diplomatic deal remains the most viable path forward. The former White House adviser set early June as a critical deadline for reaching an agreement. “If we don’t get through this deal by early June, then I do think that we are going towards that cliff,” Hochstein cautioned. “And when you fall off the cliff in oil and energy,...
SoFi stock has had a brutal start to 2026. Here's what I think is going on. Shares of digital financial services company SoFi Technologies (NASDAQ: SOFI) are down nearly 40% year to date as of this writing. Even worse, the stock has shed about 50% of its value from a 52-week high of $32.73. And shares fell about 13% in late April, the day after SoFi reported strong first-quarter results. So what's...
SoFi stock has had a brutal start to 2026. Here's what I think is going on. Shares of digital financial services company SoFi Technologies (NASDAQ: SOFI) are down nearly 40% year to date as of this writing. Even worse, the stock has shed about 50% of its value from a 52-week high of $32.73. And shares fell about 13% in late April, the day after SoFi reported strong first-quarter results. So what's really going on? If you think it's a deteriorating business, that theory doesn't hold up. SoFi recently posted what was arguably its best quarter ever, with member growth and revenue both reaching record levels. The disconnect between the stock and the underlying numbers, however, is less puzzling than it first appears once you piece together a few things investors have been wrestling with. Continue reading
Deborah Turness, who resigned last year, says traditional news in danger of being replaced by personality-led content Broadcasters must urgently adapt to an existential threat from “creator journalism” that is causing audiences to shun traditional television news, the former boss of BBC News has said. Deborah Turness, who resigned from the BBC alongside the then director general, Tim Davie, last y...
Deborah Turness, who resigned last year, says traditional news in danger of being replaced by personality-led content Broadcasters must urgently adapt to an existential threat from “creator journalism” that is causing audiences to shun traditional television news, the former boss of BBC News has said. Deborah Turness, who resigned from the BBC alongside the then director general, Tim Davie, last year, said consumption was “collapsing” for traditional television news, which was facing “a profound moment of disruption”. Continue reading...
No wonder they are upset by the slogan ‘tax the rich’. Despite their wealth increasing 81% since 2020, they need our emotional support now more than ever Won’t anyone think of the poor, poor, billionaires? Their endless money can buy them political power, but it can’t buy them love. Instead of being worshipped by the hoi polloi, titans of industry are denounced! Despised! Disrespected! Insert anot...
No wonder they are upset by the slogan ‘tax the rich’. Despite their wealth increasing 81% since 2020, they need our emotional support now more than ever Won’t anyone think of the poor, poor, billionaires? Their endless money can buy them political power, but it can’t buy them love. Instead of being worshipped by the hoi polloi, titans of industry are denounced! Despised! Disrespected! Insert another D-word of your own! Thankfully, class solidarity is strong among the super-rich. Steve Roth bravely brought attention to the plight of his fellow billionaires during a recent earnings call. “I consider the phrase ‘tax the rich’ … spit out with anger and contempt by politicians … to be just as hateful as some disgusting racial slurs,” the Vornado Realty Trust CEO said. Continue reading...
Spencer Platt/Getty Images News New York City Mayor Zohran Mamdani has abandoned his controversial proposal to raise property taxes, according to a media report published Tuesday. Mamdani had previously pitched a nearly 10% property tax increase as leverage to secure additional funding from Governor Kathy Hochul. The proposal faced widespread opposition, including from City Council Speaker Julie M...
Spencer Platt/Getty Images News New York City Mayor Zohran Mamdani has abandoned his controversial proposal to raise property taxes, according to a media report published Tuesday. Mamdani had previously pitched a nearly 10% property tax increase as leverage to secure additional funding from Governor Kathy Hochul. The proposal faced widespread opposition, including from City Council Speaker Julie Menin and other council members who would have needed to approve any increase. The decision to ditch the proposed tax hike is expected to appear in the mayor’s executive budget released Tuesday, marking a significant shift in his approach to closing a two-year deficit, Bloomberg reported, citing a person familiar with the matter. The reversal comes alongside a major concession from Albany: Hochul and Mamdani said in a joint statement the state will provide $4B in new support to help address the city’s budget gap. Additionally, Hochul has proposed a pied-à-terre tax targeting expensive second homes in the city, though implementation details remain under negotiation. If the city's property taxes were raised, it would have been the first such hike in more than two decades. And such a move would likely lead to higher rents, as landlords pass through the costs to tenants, and may push businesses away from the city. Mamdani has characterized the city’s financial challenges as “a generational fiscal crisis” comparable to the Great Recession. While he has consistently advocated for higher taxes on wealthy residents and corporations, those proposals have met resistance from Hochul. The property tax increase represented one of the few budget remedies the city could pursue without state approval. New York-exposed REITs include SL Green Realty ( SLG ), Vornado Realty Trust ( VNO ), Equity Residential ( EQR ), Empire State Realty Trust ( ESRT ) and LXP Industrial Trust ( LXP ). Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you...
Sofiia Petrova/iStock via Getty Images The U.S. government is proposing a new legal pathway that would allow employers to offer fertility benefits to their employees outside the normal health insurance plans. The proposed rule will permit employers to offer healthcare coverage to treat infertility or related reproductive health conditions, subject to a lifetime benefits cap of $120K for plan years...
Sofiia Petrova/iStock via Getty Images The U.S. government is proposing a new legal pathway that would allow employers to offer fertility benefits to their employees outside the normal health insurance plans. The proposed rule will permit employers to offer healthcare coverage to treat infertility or related reproductive health conditions, subject to a lifetime benefits cap of $120K for plan years starting after 2028. Under the rule, the U.S. Department of Labor would include fertility treatments in a new category of limited excepted benefits, for which certain components of the Affordable Care Act and other federal healthcare coverage laws don’t apply. The initiative builds on an executive order issued by President Donald Trump in February that called for policy recommendations on expanding access to fertility services, such as in vitro fertilization, which can cost $12,000 to $25,000 per cycle. Shares of fertility benefits provider Progyny ( PGNY ) closed higher last week ahead of the announcement by the U.S. departments of labor, health and human services, and treasury on Sunday. More on Progyny Progyny, Inc. 2026 Q1 - Results - Earnings Call Presentation Progyny, Inc. (PGNY) Q1 2026 Earnings Call Transcript Progyny, Inc. (PGNY) Presents at Barclays 28th Annual Global Healthcare Conference Transcript Progyny anticipates 2026 revenue of $1.365B-$1.405B while raising adjusted EBITDA to $232M-$244M Progyny Non-GAAP EPS of $0.50 beats by $0.06, revenue of $328.5M beats by $1.99M