Trump Floats Making Venezuela The 51st State First Canada, then Greenland… and now Venezuela? President Donald Trump said Monday he is seriously considering annexing the South American nation as the 51st U.S. state, citing the country’s vast oil reserves and what he described as strong local support for his leadership. In a telephone interview with Fox News anchor John Roberts, Trump mused that he...
Trump Floats Making Venezuela The 51st State First Canada, then Greenland… and now Venezuela? President Donald Trump said Monday he is seriously considering annexing the South American nation as the 51st U.S. state, citing the country’s vast oil reserves and what he described as strong local support for his leadership. In a telephone interview with Fox News anchor John Roberts, Trump mused that he is weighing the move for a nation that holds an estimated $40 trillion in oil resources. NEW: President Trump tells @FoxNews colleague @johnrobertsFox in a phone call just now that he is “seriously considering making Venezuela the 51st US state”, adding that there is $40 trillion in oil there and “Venezuela loves Trump”. — Bill Melugin (@BillMelugin_) May 11, 2026 “ Venezuela loves Trump ,” the president told the reporter. The suggestion comes months after U.S. forces conducted a military operation in Venezuela in January that resulted in the capture of longtime President Nicolás Maduro and his wife, Cilia Flores. The couple was extradited to the U.S. to face narco-terrorism and weapons charges, effectively ending more than a decade of socialist rule that had transformed one of Latin America’s richest economies into an economic disaster marked by hyperinflation, mass emigration and the breakdown of public services. Rather than installing opposition figure María Corina Machado, a Nobel Peace Prize recipient, as the new leader, the Trump administration supported the installation of Delcy Rodríguez —Maduro’s former vice president—as interim president . Trump has described the arrangement as “spectacular” and predicted a rapid economic turnaround. Rodríguez’s government has moved swiftly on economic reforms. Within weeks of taking power, it enacted legislation opening the oil sector to privatization, dismantling core elements of the Chavista model that had dominated for more than two decades. Meanwhile, commercial activity has accelerated thanks to Chevron, which signed two ag...
In this article ONON Follow your favorite stocks CREATE FREE ACCOUNT Logo of Swiss shoemaker On is displayed in a shop in Zurich, Switzerland, Aug. 28, 2025. Denis Balibouse | Reuters Swiss sneaker company On saw more strong growth during its first quarter, beating Wall Street's expectations on the top and bottom lines even as direct-to-consumer revenue fell short of forecasts. During the quarter ...
In this article ONON Follow your favorite stocks CREATE FREE ACCOUNT Logo of Swiss shoemaker On is displayed in a shop in Zurich, Switzerland, Aug. 28, 2025. Denis Balibouse | Reuters Swiss sneaker company On saw more strong growth during its first quarter, beating Wall Street's expectations on the top and bottom lines even as direct-to-consumer revenue fell short of forecasts. During the quarter ended March 31, On's direct-to-consumer sales, revenue from its own website and stores, grew 16.4% to 322.3 million francs ($414.2 million), falling short of the 326 million francs analysts had expected, according to StreetAccount. Meanwhile, revenue from its less profitable wholesale channel increased by 13.3% to 509.6 million francs, beating expectations of 499 million francs, according to StreetAccount. In a news release, the company said "even against an uncertain macroeconomic backdrop," it decided to raise its profitability outlook and reiterate its 2026 net sales growth forecast. "That's not particularly aimed at the consumer ... There's just a lot of things going on, like, for example, the war now in Iran that probably nobody saw coming," said co-CEO Caspar Coppetti in an interview with CNBC. "We're a bit in a bubble, I would say, as a brand, because we cater to an affluent and aspirational consumer. So our customers are not really dependent on the gas price." On is now expecting its gross profit margin to reach at least 64.5% in 2026, up from its previous forecast of 63%. The outlook continues to include a 20% tariff on imports from Vietnam into the U.S., even though the duty is no longer in effect after a ruling from the U.S. Supreme Court earlier this year, and excludes any potential tariff refunds that result from the decision. Coppetti said the company has applied for a refund and is continuing to plan for a 20% tariff on Vietnamese imports because the situation remains fluid and it has concerns more duties could still come. Still, even if tariffs were to ease,...
Tottenham two points ahead of 18th-placed West Ham ‘We can’t forget what was the situation just 15 days ago’ Roberto De Zerbi vowed that Tottenham will take their relegation battle to the wire after their hopes of staying up were dented by a frustrating 1-1 draw with Leeds . The north Londoners looked set to move four points clear of 18th-placed West Ham with two games to play after a brilliant go...
Tottenham two points ahead of 18th-placed West Ham ‘We can’t forget what was the situation just 15 days ago’ Roberto De Zerbi vowed that Tottenham will take their relegation battle to the wire after their hopes of staying up were dented by a frustrating 1-1 draw with Leeds . The north Londoners looked set to move four points clear of 18th-placed West Ham with two games to play after a brilliant goal from Mathys Tel set them on the path to a first home win in the league since 6 December. However Tel ruined a good night’s work when he gave away a penalty with a wild foul on Ethan Ampadu, allowing Dominic Calvert-Lewin to equalise from the spot. Continue reading...
Keel Infrastructure (NASDAQ:KEEL) , a data center operator for AI and high-performance computing, closed Monday at $4.30, up 8.31%. The stock moved higher despite the company reporting first-quarter results showing a revenue decline and wider loss. Trading volume reached 60.8 million shares, about 86% above its three-month average of 32.6 million shares. Keel Infrastructure IPO'd in 2019 and has g...
Keel Infrastructure (NASDAQ:KEEL) , a data center operator for AI and high-performance computing, closed Monday at $4.30, up 8.31%. The stock moved higher despite the company reporting first-quarter results showing a revenue decline and wider loss. Trading volume reached 60.8 million shares, about 86% above its three-month average of 32.6 million shares. Keel Infrastructure IPO'd in 2019 and has grown 375% since going public. The S&P 500 inched up 0.19% to 7,413, while the Nasdaq Composite added 0.10% to finish at 26,274. Among information technology services peers, Mara Holdings closed at $13.39, up 3.48%, and Riot Platforms finished at $25.34, gaining 5.23%, reflecting continued investor interest in digital infrastructure and AI-related assets. Keel Infrastructure’s Q1 financials were slightly below analysts’ expectations, and the company maintained a cash and Bitcoin balance of $533 million. However, the company’s pivot from Bitcoin mining to digital and energy infrastructure for AI and HPC seems to be going well, following promising updates on its transformation. First, the company announced that it expects to land three leases by year-end for its three data center sites. Continue reading
The hantavirus cluster that took a deadly toll on a cruise ship far away in the Atlantic has understandably been of great concern to many in Hong Kong. Fears have grown globally since the phrase “human-to-human transmission” was used to describe what happened on board the MV Hondius after it set sail from Argentina on April 1. Given densely populated Hong Kong’s experience with Covid, Sars and oth...
The hantavirus cluster that took a deadly toll on a cruise ship far away in the Atlantic has understandably been of great concern to many in Hong Kong. Fears have grown globally since the phrase “human-to-human transmission” was used to describe what happened on board the MV Hondius after it set sail from Argentina on April 1. Given densely populated Hong Kong’s experience with Covid, Sars and other illnesses, it is good that the city authorities have been on the alert since at least three...
Happy Budget Day from Bloomberg’s Melbourne bureau. Tonight, Jim Chalmers hands down the government’s spending plan , with concessions for property investors in the cross-hairs. But what about the yield curve? We have you covered: it could flatten and the premium over US Treasuries ease, according to strategists anticipating restrained spending from Canberra. Catch Chalmers’ pre-budget interview i...
Happy Budget Day from Bloomberg’s Melbourne bureau. Tonight, Jim Chalmers hands down the government’s spending plan , with concessions for property investors in the cross-hairs. But what about the yield curve? We have you covered: it could flatten and the premium over US Treasuries ease, according to strategists anticipating restrained spending from Canberra. Catch Chalmers’ pre-budget interview in case you missed it. Elsewhere, IFM Investors has warned plans to develop sustainable aviation fuel may flounder without government support. — Richard Henderson , Australian Finance Reporter What’s happening now Treasurer Jim Chalmers is expected to crack down on tax concession for property investors when he hands down his fiscal blueprint at around 7:30 p.m. in Canberra on Tuesday. The budget is expected to show an easing of the cash deficit to around A$25 billion, according to economists, from an official estimate six months earlier of around A$34 billion. A plan to develop sustainable aviation fuel in Australia may run aground without government support, IFM Investors has warned. The fund manager may scrap a proposed A$3 billion investment to make the fuel unless the government requires airlines to use it, Danny Elia, IFM’s global head of infrastructure asset management, said in an interview. The extra yield investors reap from Australian government debt relative to its US counterpart may narrow following tonight’s budget. That’s according to investment strategists who are anticipating more restrained fiscal spending and less bond issuance. Commonwealth Bank of Australia analysts forecast around A$115 billion in issuance for fiscal 2027, down from around A$125 billion expected in the current fiscal year. Australian outdoor advertising company oOh!Media has found itself in the middle of a bidding war. I Squared Capital unveiled an all-cash offer for the company on Monday, valuing the company at A$765.9 million. The bid was roughly 15% above a rival offer from Pacific Equ...
Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with ‘significant’ cost cuts to come BuzzFeed , the digital media pioneer that was once valued as high as $1.7bn amid a private equity-funded wave of interest in websites that generated massive amounts of online traffic in the 2010s, has finally changed hands for $120m. On Monday, the company announced that a controll...
Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with ‘significant’ cost cuts to come BuzzFeed , the digital media pioneer that was once valued as high as $1.7bn amid a private equity-funded wave of interest in websites that generated massive amounts of online traffic in the 2010s, has finally changed hands for $120m. On Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen. Allen, who often makes large, sometimes unsolicited bids for media companies, is also an on-screen personality in addition to controlling his Allen Media Group conglomerate, which owns networks including The Weather Channel. Allen’s show, Comics Unleashed, will replace the Late Show with Stephen Colbert on CBS’s schedule starting later this month . Continue reading...
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.29%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.29%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...