Chen added that Bilibili's "community-first" strategy and investments in high-quality content helped deepen engagement with younger users while expanding the platform's reach. He also said artificial intelligence is improving content creation, discovery and monetization efficiency across the ecosystem. Chairman and CEO Rui Chen said the company entered 2026 with strong momentum as user engagement ...
Chen added that Bilibili's "community-first" strategy and investments in high-quality content helped deepen engagement with younger users while expanding the platform's reach. He also said artificial intelligence is improving content creation, discovery and monetization efficiency across the ecosystem. Chairman and CEO Rui Chen said the company entered 2026 with strong momentum as user engagement and content quality continued improving. He said daily user engagement reached a record high during the quarter, with average usage nearing two hours per day. Value-added services revenue increased 4% to $422.2 million, driven by premium memberships and other services. Advertising revenue jumped 30% to $375.3 million as the company improved advertising products and efficiency. Revenue from IP derivatives and other businesses declined 4% to $65 million. Average daily active users rose 8% year over year to 115.2 million during the quarter. The average daily time spent was 119 minutes, up 11 minutes year over year. Monthly active users exceeded 376 million. Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast Often described as China's version of Alphabet Inc.'s YouTube because of its focus on long-form user-generated videos and livestreaming, Bilibili continued to report strong engagement trends among younger users. The Chinese video-sharing platform posted revenue of $1.08 billion (7.47 billion yuan), up 7% year over year but slightly below analyst estimates of $1.09 billion. Adjusted earnings came in at 19 cents per ADS, beating Wall Street estimates of 12 cents. Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Story Continues CFO Sam Fan said the company delivered its 15th consecutive quarter of gross margin expansion, supported by operating leverage and topline growth. He added that Bilibili plans to continue disciplined investment in AI-driven innovation while maintaining a focus on profitabili...
Palantir Technologies PLTR continues to demonstrate strong momentum in customer acquisition, highlighting growing enterprise demand for its artificial intelligence and data analytics platforms. Recent customer metrics showed meaningful expansion across total customers, commercial customers, and U.S. commercial clients, suggesting that adoption is broadening beyond traditional government-focused op...
Palantir Technologies PLTR continues to demonstrate strong momentum in customer acquisition, highlighting growing enterprise demand for its artificial intelligence and data analytics platforms. Recent customer metrics showed meaningful expansion across total customers, commercial customers, and U.S. commercial clients, suggesting that adoption is broadening beyond traditional government-focused operations. The company’s U.S. commercial customer count climbed sharply over the past year, reflecting increasing enterprise interest in AI-driven operational platforms. Commercial customer growth also continued to accelerate globally, while total customer count surpassed the thousand-customer milestone. These trends indicate that Palantir’s software offerings are gaining traction across a wider range of industries seeking data integration, AI deployment and workflow optimization capabilities. Importantly, customer expansion often serves as an early indicator of future revenue durability because larger installed bases can create additional opportunities for platform expansion and higher spending over time. The continued rise in commercial customers also suggests that enterprises are becoming more comfortable integrating AI-powered operational systems into critical business functions. Although valuation concerns and broader AI-sector volatility remain important risks, the company’s rapidly expanding customer ecosystem strengthens the long-term growth narrative. Sustained customer growth could help support recurring revenue expansion as enterprise AI adoption continues to accelerate globally. Relevant Industry Peers Snowflake SNOW remains one of the most important competitors within enterprise data analytics and AI infrastructure. Like Palantir, Snowflake benefits from growing enterprise demand for cloud-based data platforms and AI-driven analytics solutions. However, Snowflake maintains greater exposure to cloud data warehousing and enterprise data-sharing ecosystems. C3.ai A...
Palantir Technologies PLTR continues to demonstrate strong momentum in customer acquisition, highlighting growing enterprise demand for its artificial intelligence and data analytics platforms. Recent customer metrics showed meaningful expansion across total customers, commercial customers, and U.S. commercial clients, suggesting that adoption is broadening beyond traditional government-focused op...
Palantir Technologies PLTR continues to demonstrate strong momentum in customer acquisition, highlighting growing enterprise demand for its artificial intelligence and data analytics platforms. Recent customer metrics showed meaningful expansion across total customers, commercial customers, and U.S. commercial clients, suggesting that adoption is broadening beyond traditional government-focused operations. The company’s U.S. commercial customer count climbed sharply over the past year, reflecting increasing enterprise interest in AI-driven operational platforms. Commercial customer growth also continued to accelerate globally, while total customer count surpassed the thousand-customer milestone. These trends indicate that Palantir’s software offerings are gaining traction across a wider range of industries seeking data integration, AI deployment and workflow optimization capabilities. Importantly, customer expansion often serves as an early indicator of future revenue durability because larger installed bases can create additional opportunities for platform expansion and higher spending over time. The continued rise in commercial customers also suggests that enterprises are becoming more comfortable integrating AI-powered operational systems into critical business functions. Although valuation concerns and broader AI-sector volatility remain important risks, the company’s rapidly expanding customer ecosystem strengthens the long-term growth narrative. Sustained customer growth could help support recurring revenue expansion as enterprise AI adoption continues to accelerate globally. Relevant Industry Peers Snowflake SNOW remains one of the most important competitors within enterprise data analytics and AI infrastructure. Like Palantir, Snowflake benefits from growing enterprise demand for cloud-based data platforms and AI-driven analytics solutions. However, Snowflake maintains greater exposure to cloud data warehousing and enterprise data-sharing ecosystems. C3.ai A...
Agricultural firm Cargill Inc. appointed Armando Giordano as its new head of world trading, according to people with knowledge of the matter. Giordano is based in Geneva and replaces Alex Sanfeliu , who recently left the firm, the people said, asking not to be identified because the moves haven’t been publicly announced. He’s been with Cargill for more than 15 years, most recently running corn and...
Agricultural firm Cargill Inc. appointed Armando Giordano as its new head of world trading, according to people with knowledge of the matter. Giordano is based in Geneva and replaces Alex Sanfeliu , who recently left the firm, the people said, asking not to be identified because the moves haven’t been publicly announced. He’s been with Cargill for more than 15 years, most recently running corn and ethanol trading, according to his LinkedIn profile . The world’s top agricultural commodities firm and the largest US private company by revenue, Cargill also deals in other commodities including energy, metals and biofuels. The company has been restructuring its business for more than a year. Changes include shrinking the number of business units to three from five and cutting 8,000 jobs, announced in late 2024. Several executives have also retired or changed roles. Sanfeliu was hired by Balyasny Asset Management as part of an expansion in agricultural commodities trading, people familiar with the matter said last month.
imaginima/E+ via Getty Images Commercial crude stocks (excluding those in the Strategic Petroleum Reserve) for the week ended May 15: 445 M barrels . Crude inventory change: -7.9M barrels vs. -4.3M barrels for the week ended May 8. Consensus estimate: -2.500M. Crude oil futures ( CL1:COM ) -2.4 % to $101.6/barrel. ETFs: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( US...
imaginima/E+ via Getty Images Commercial crude stocks (excluding those in the Strategic Petroleum Reserve) for the week ended May 15: 445 M barrels . Crude inventory change: -7.9M barrels vs. -4.3M barrels for the week ended May 8. Consensus estimate: -2.500M. Crude oil futures ( CL1:COM ) -2.4 % to $101.6/barrel. ETFs: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI ), ( XLE ). More on Crude Oil Futures, United States Oil Fund LP ETF, etc. Why Oil Price Spikes Cause Recessions But High Prices Don't Commodities: Supply Worries Remain As U.S. Extends Russian Oil Waiver Trump Cancels Planned Attacks On Iran, Stocks Rally - Market Reactions Only two sectors are driving the S&P 500 bull market higher since 2022 Commodities, DMLP stand out as oil risks rise, Barton says
In early trading on Wednesday, shares of Intel topped the list of the day's best performing components of the S&P 500 index, trading up 6.3%. Year to date, Intel registers a 219.3% gain. And the worst performing S&P 500 component thus far on the day is Hasbro, trading down 7.8%. Hasbro is showing a gain of 9.3% looking at the year to date performance. Two other components making moves today are Ta...
In early trading on Wednesday, shares of Intel topped the list of the day's best performing components of the S&P 500 index, trading up 6.3%. Year to date, Intel registers a 219.3% gain. And the worst performing S&P 500 component thus far on the day is Hasbro, trading down 7.8%. Hasbro is showing a gain of 9.3% looking at the year to date performance. Two other components making moves today are Target, trading down 7.0%, and TJX, trading up 5.7% on the day. VIDEO: S&P 500 Movers: HAS, INTC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
John Drost/iStock via Getty Images Introduction Last year, I argued Ensign Energy Services ( ESI:CA ) ( ESVIF ) could be worth a look as the rapid reduction of the net debt made the company more appealing . We are now almost one year later, and I wanted to have another look at the company to see if the weaker-than-expected Q1 results have a negative impact on the investment thesis. Ensign Energy S...
John Drost/iStock via Getty Images Introduction Last year, I argued Ensign Energy Services ( ESI:CA ) ( ESVIF ) could be worth a look as the rapid reduction of the net debt made the company more appealing . We are now almost one year later, and I wanted to have another look at the company to see if the weaker-than-expected Q1 results have a negative impact on the investment thesis. Ensign Energy Services operates well-servicing and drill rigs, generating about 80% of its revenue in North America , with the remainder coming from, for instance, Venezuela, Argentina, and Oman. Data by YCharts An okay set of results, but the cash flow should accelerate in H2 As the war in Iran and the impact were only felt towards the end of the first quarter, Ensign Energy Services’ Q1 results suffered from the decline in operating activity in Canada , while the FX changes also had an impact (as Ensign reports its results in Canadian dollars). This resulted in a reported revenue of just C$18 million, a decrease of more than 4% compared to the first quarter of last year. Meanwhile, the operating expenses increased, although this was predominantly due to approximately C$2.5 million in FX changes, while there was a C$10.4 million change in the share-based compensation . The latter, of course, is an important non-cash item and has no impact on the cash flow performance of the company (which I will discuss later). Ensign Energy Services Investor Relations The combination of lower revenue and higher expenses, of course, weighed on the EBIT, which shrank from C$24 million to C$0.2 million, and it goes without saying this had a clearly negative impact on the bottom line result, which indicated a net loss of C$11.1 million attributable to the shareholders of Ensign. But as mentioned earlier, there were some non-cash items that had a strongly negative impact on the bottom line result. Pulling up the cash flow statement (shown below) indicates the company generated a C$88 million funds flow. Afte...
Kitti Suwaneakkasit/iStock via Getty Images By Kevin Davitt, Head of Options Content Running of the Bulls The annual “Running of the Bulls” takes place in Pamplona, Spain in July. The tradition has a rich history dating back to the 14th century. Ernest Hemingway introduced the custom to a global audience with his Death in the Afternoon. Domestically, the equity bulls have been on parade since the ...
Kitti Suwaneakkasit/iStock via Getty Images By Kevin Davitt, Head of Options Content Running of the Bulls The annual “Running of the Bulls” takes place in Pamplona, Spain in July. The tradition has a rich history dating back to the 14th century. Ernest Hemingway introduced the custom to a global audience with his Death in the Afternoon. Domestically, the equity bulls have been on parade since the end of March. The Nasdaq-100 Index ( NDX ) ended April with a 15.7% monthly gain. It was the largest monthly move (either direction) in more than a decade. Into the second week of May, NDX has tacked on another 4.5% in upside. From the late March lows (23,100) to the early May highs (29,300) the "Benchmark for the 21st century" jumped ~27%. (Be Kind) Rewind A month and a half ago, I wrote about potential reasons for optimism, the bi-directional nature of volatility, and how 1-month 10% out-of-the-money (OTM) NDX options screened “cheap.” Source: Bloomberg On a 10-year lookback, the only other period where 10% OTM NDX looked as cheap relative to ATM volatility was in mid-March of 2020 - the height of the pandemic selloff. When index skew shifts significantly, savvy NDX users may identify unique opportunities. They are like experienced runners in Pamplona. They know when they can get close to the charging herd and when to duck into a doorway for safety. Sophisticated modern traders watch these shifts and make their moves. The dynamic was not nearly as pronounced in the S&P complex. More specifically, NDX upside screened attractive relative to the historical relationship to upside in SPY. Over the past month, both derivative relationships have normalized. Interestingly (or ironically), in price terms, NDX had an April that only compares to the rebound from the COVID lows. Source: Nasdaq So, how unusual was the move last month? There’s a handful of ways you could frame a response. Looking back a decade, median monthly returns = 1.85% with a standard deviation of +/-5.39%. In th...
It was only about five years ago that General Motors (GM +2.70%) announced to the world that it would invest $35 billion in electric vehicle (EV) and autonomous vehicle (AV) development and infrastructure. While many investors applauded the future-looking move, that was soon replaced with regret. Shifting consumer demand, changing government policies, and an aggressive scaleback of those EV ambiti...
It was only about five years ago that General Motors (GM +2.70%) announced to the world that it would invest $35 billion in electric vehicle (EV) and autonomous vehicle (AV) development and infrastructure. While many investors applauded the future-looking move, that was soon replaced with regret. Shifting consumer demand, changing government policies, and an aggressive scaleback of those EV ambitions led to billions in EV-related write-downs and charges for the automaker. Well, GM is cranking up some U.S. investments again, except this time the price tag is much less frightening, and its purpose is much more important for near-term profits. Preparing for moneymakers The more significant recent announcement was that GM is committing an additional $300 million to increase capacity for transmission production at a plant near Detroit -- in addition to a $300 million investment in the same plant announced late last year. GM also announced it would double its original $40 million investment to boost transmission production at a plant in Ohio. But the picture will become a little clearer about why investors should be excited. GM is also investing $505 million in its propulsion plant in Ontario, where the factory will build next-generation V8 engines for pickups and SUVs. Lastly, GM recently said it would spend $150 million at a metal-casting plant in Michigan to increase casting production for sixth-generation V8 engines that will power the Chevrolet Corvette and full-size pickups. General Motors noted it has invested more than $6 billion in U.S. manufacturing since 2025, including investments to gear up for the production of the redesigned Chevrolet Silverado and GMC Sierra pickups this year. What investors love One thing that investors love is higher margins, which lead to juicy profits. But one thing investors dislike is uncertainty. GM's moves combine the two in a positive way, as one thing investors and analysts know is that full-size trucks are highly profitable and ...
Max Kettner, HSBC chief multi asset strategist, discusses how he is investing during what he sees as a "incredibly K-shaped" US economy. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Max Kettner, HSBC chief multi asset strategist, discusses how he is investing during what he sees as a "incredibly K-shaped" US economy. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Barney Frank, former U.S. Congressman Adam Jeffery | CNBC Former U.S. Representative Barney Frank , a quick-witted Democrat who gave his name to a landmark financial reform bill after the economic crisis of 2007-2009, has died, his sister Ann Lewis said on Wednesday. He was 86. One of the best-known gay politicians of his time, Frank served for over 30 years in the U.S. House of Representatives a...
Barney Frank, former U.S. Congressman Adam Jeffery | CNBC Former U.S. Representative Barney Frank , a quick-witted Democrat who gave his name to a landmark financial reform bill after the economic crisis of 2007-2009, has died, his sister Ann Lewis said on Wednesday. He was 86. One of the best-known gay politicians of his time, Frank served for over 30 years in the U.S. House of Representatives as a member from Massachusetts and a liberal who gladly worked with Republicans. "He's a guy you can sit down and deal with," Republican Representative Tom Cole from Oklahoma said in 2011, when Frank chaired the House Financial Services Committee. Along with then Senator Chris Dodd, Frank spearheaded 2010 legislation that tightened banking regulations and consumer protections to avoid a repeat of the 2007 financial crash and subsequent Great Recession. Known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, the law led to new rules on the previously unregulated off-exchange derivatives market, and set up the Consumer Financial Protection Bureau to shield consumers from predatory and abusive practices. It was regarded as one of the main successes in Congress of Barack Obama's two-term presidency. 'Things would have sucked worse without me' As the financial crisis was unfolding and institutions such as Lehman Brothers investment bank were collapsing, Frank was at the heart of congressional efforts to save the U.S. banking industry and limit the damage to the wider economy. He shepherded the Treasury Department's $700 billion Troubled Asset Relief Program (TARP) bank bailout through the House in 2008. The bailout stabilized the financial sector, with the government buying stock in eight major banks. By the time it ended in 2013, TARP had earned taxpayers a modest profit of $11 billion as the banks' share prices recovered. But it was criticized by some Democrats for not doing enough to help the crisis-bound housing market and for allowing bankers to receive l...
D.C. Metropolitan Police Officer Daniel Hodges, left, U.S. Capitol Police Officer Harry Dunn, right, and Michael Fanone, a former D.C. Metropolitan Police Officer, arrive for the Select Committee to Investigate the January 6th Attack on the United States Capitol hearing to present previously unseen material and hear witness testimony in Cannon Building on Thursday, June 9, 2022. Tom Williams | Cq-...
D.C. Metropolitan Police Officer Daniel Hodges, left, U.S. Capitol Police Officer Harry Dunn, right, and Michael Fanone, a former D.C. Metropolitan Police Officer, arrive for the Select Committee to Investigate the January 6th Attack on the United States Capitol hearing to present previously unseen material and hear witness testimony in Cannon Building on Thursday, June 9, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images Two police officers who defended the U.S. Capitol during the Jan. 6, 2021, riot sued President Donald Trump on Wednesday, seeking to block the $1.8 billion "lawfare" fund set up by the Department of Justice to compensate Trump allies who claim they were victims of prosecutorial overreach. "In the most brazen act of presidential corruption this century, President Donald J. Trump has created a $1.776 billion taxpayer-funded slush fund to finance the insurrectionists and paramilitary groups that commit violence in his name," the lawsuit in U.S. District Court in Washington, D.C ., says. "The fund, styled the 'Anti-Weaponization Fund,' is illegal," the suit alleges. "No statute authorizes its creation, the settlement on which it is premised is a corrupt sham, and its design violates the Constitution and federal law." The two plaintiffs in the civil complaint are Harry Dunn, a former U.S. Capitol Police officer, and Daniel Hodges, an active officer of the Metropolitan Police Department in Washington. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
For the second day in a row, Marvell Technology (MRVL +7.45%) stock is moving higher -- and this time, you've got Wall Street to thank for it. Tic-tac-toe, three-in-a-row, Wall Street analysts at Citigroup, Oppenheimer, and Wells Fargo lined up to raise price targets on Marvell stock -- to $215, $200, and $195, respectively. Why Wall Street loves Marvell stock Why are Wall Street banks raising pri...
For the second day in a row, Marvell Technology (MRVL +7.45%) stock is moving higher -- and this time, you've got Wall Street to thank for it. Tic-tac-toe, three-in-a-row, Wall Street analysts at Citigroup, Oppenheimer, and Wells Fargo lined up to raise price targets on Marvell stock -- to $215, $200, and $195, respectively. Why Wall Street loves Marvell stock Why are Wall Street banks raising price targets on Marvell stock? Let me count the ways. Citi's mainly playing catch-up here, raising its price targets on semiconductor stocks long after they've already skyrocketed. Yesterday, Citi nearly doubled its price target on Micron (MU +1.57%). Today, it's Marvell's turn, at the PT rises from $118 to $215 (also nearly a double). As for the others, both Oppy and Wells cite Trainium chip sales to Anthropic, Amazon.com (AMZN +1.28%), and others as a major catalyst for Marvell. Oppenheimer forecasts $2 billion in custom chip sales (including Trainium) this year, with sales to Microsoft (MSFT 0.75%) ramping toward the end of the year. Wells points out that Marvell already has $225 billion in Trainium backlog and predicts Trainium sales could reach $6 billion in 2027 and 2028 -- with the potential to double if prices move higher. Oppenheimer forecasts total revenue exceeding $11 billion in 2026 and $15 billion in 2027. Expand NASDAQ : MRVL Marvell Technology Today's Change ( 7.45 %) $ 13.14 Current Price $ 189.41 Key Data Points Market Cap $154B Day's Range $ 182.35 - $ 193.30 52wk Range $ 58.61 - $ 193.30 Volume 575K Avg Vol 25M Gross Margin 50.10 % Dividend Yield 0.14 % What it means for Marvell stock Valued in excess of 57 times trailing earnings (and nearly 46 times forward earnings), Marvell is not a cheap stock -- not at first glance. Even just $11 billion in 2026 sales would mean 34% revenue growth, however, accelerating to 36% growth in 2027 if Marvell hits 2027 -- and Oppenheimer thinks these are conservative numbers. Assuming profits growth can keep pace, Marvell s...
It's difficult to know the true state of the Russian economy, both because the country's financial reporting is sparse and because official figures are unreliable. But things probably aren't great. This week, Sweden's minister of foreign affairs, Maria Malmer Stenergard, shared her country's assessment that the Russian economy has likely contracted over the last five years amid the war in Ukraine....
It's difficult to know the true state of the Russian economy, both because the country's financial reporting is sparse and because official figures are unreliable. But things probably aren't great. This week, Sweden's minister of foreign affairs, Maria Malmer Stenergard, shared her country's assessment that the Russian economy has likely contracted over the last five years amid the war in Ukraine. Inflation is also high, and international sanctions have cost Russia $450 billion since the onset of the war in February 2022. Russia's economy is currently smaller than that of Texas, Stenergard said. By most measures, then, the economy is not in tip-top shape. Moreover, the war is draining a large amount of the country's financial resources, with defense spending reaching a post-Soviet record of about 7 percent of government spending. Read full article Comments