mechanick/iStock via Getty Images Investment thesis Frequency Electronics ( FEIM ) has experienced a weak fiscal year in 2026 so far, with declining sales and worse margins. However, this year was affected by a combination of temporary factors, such as delays in government projects due to the Department of Homeland Security shutdown and other issues related more to timing than demand. Management r...
mechanick/iStock via Getty Images Investment thesis Frequency Electronics ( FEIM ) has experienced a weak fiscal year in 2026 so far, with declining sales and worse margins. However, this year was affected by a combination of temporary factors, such as delays in government projects due to the Department of Homeland Security shutdown and other issues related more to timing than demand. Management recently expressed enough confidence to set a revenue target of at least $150 million in 2029, suggesting that the weakness is indeed temporary and that with the government now reopened, performance should soon be reflected in the numbers. What Frequency Electronics Actually Does Frequency Electronics manufactures atomic clocks and synchronization systems, which are key components for the operation of satellites and aircraft. If an "atomic clock" sounds unfamiliar to you, let me tell you that you're not alone. FEIM's products are highly specialized and therefore very difficult to replicate, giving them a competitive advantage over new entrants seeking to gain market share. These systems are used to keep satellites, missile systems, communications networks, and other products that rely on extremely precise timing signals to function correctly. If that synchronization deviates even slightly, the system begins to malfunction, something highly undesirable in these industries (as you can imagine). Frequency Electronics Currently, there are companies like SpaceX or AST that have captured the attention of investors since they build the final and visible system (satellites, rockets, or spacecraft), so companies like Frequency Electronics remain a little more hidden, despite being equally important. This would explain why Rocket Lab is trading at 50x forward sales, while Frequency Electronics is trading at only 7x. I'm not saying they're similar businesses that deserve the same multiple, but I think this illustrates the hype surrounding each one of them. Data by YCharts Growth and Ba...
Key PointsThe Vanguard Dividend Appreciation ETF (VIG) targets companies with a 10+ year dividend growth record, but its weighting methodology makes it more growth tilted.
Key PointsThe Vanguard Dividend Appreciation ETF (VIG) targets companies with a 10+ year dividend growth record, but its weighting methodology makes it more growth tilted.
Veiled pro-government supporters stand in a line under a banner depicting portraits of Iran's late Supreme Leader Ayatollah Ali Khamenei and Ayatollah Mojtaba Khamenei, as they wait to receive donated meals during a state-run religious rally in downtown Tehran, Iran, on April 29, 2026. Nurphoto | Nurphoto | Getty Images Up until the weekend, global markets had been betting on a fragile ceasefire b...
Veiled pro-government supporters stand in a line under a banner depicting portraits of Iran's late Supreme Leader Ayatollah Ali Khamenei and Ayatollah Mojtaba Khamenei, as they wait to receive donated meals during a state-run religious rally in downtown Tehran, Iran, on April 29, 2026. Nurphoto | Nurphoto | Getty Images Up until the weekend, global markets had been betting on a fragile ceasefire between the U.S. and Iran turning into a longer-term peace deal. But escalatory rhetoric, action over the Strait of Hormuz, and fresh Iranian attacks on the United Arab Emirates over the past 48 hours, have led experts to warn war could be back. Market analysts said the latest developments could mark an inflection point in the war and a critical moment for financial markets and global energy supplies, which are dwindling as the Strait of Hormuz remains largely closed. "It's an incredibly delicate moment," Ben Powell, chief investment strategist for APAC at BlackRock, told CNBC Tuesday. "It's very unsettling to have our first missile warnings here in Abu Dhabi for several weeks. We were all hoping that was behind us," the UAE-based strategist said. "Looking forward, I think there is a genuine complexity as to whether this escalation yesterday was just part of the negotiation — Iran showing that they've still got cards to play, perhaps signaling to the UAE that the UAE can leave the OPEC, but energy leaving the region is still dependent on the favor from Iran — or it could be a beginning of a more difficult moment," he told CNBC's "Access Middle East." watch now VIDEO 4:06 04:06 BlackRock: GCC faces structural reset, not short-term shock from Iran war Access Middle East Energy and other key parts of the global economy aren't flowing, he said, adding that it now feels like we're approaching a "critical moment" where inventories have been run down, and the delayed impact of the energy shock is starting to come into sharper focus. War and peace Global markets were edgy Tuesday mo...
Saklakova/iStock via Getty Images AI is shifting from apps to agents. The platforms built for execution, payments, delivery, and digital commerce may be where AI goes to work next, and where investors should look. For most of the internet era, the app was the destination. Consumers opened an app to pay a friend, order dinner, book a ride, make a trade, or place a bet. The companies that won built ...
Saklakova/iStock via Getty Images AI is shifting from apps to agents. The platforms built for execution, payments, delivery, and digital commerce may be where AI goes to work next, and where investors should look. For most of the internet era, the app was the destination. Consumers opened an app to pay a friend, order dinner, book a ride, make a trade, or place a bet. The companies that won built the best digital storefronts, captured user attention, and became the default interface for everyday economic activity. That model may be starting to shift. As artificial intelligence evolves from answering questions to completing tasks, the next phase of the digital economy may be less about which app a user opens and more about which platforms an AI agent can actually transact through. In that world, the interface matters less than the infrastructure beneath it. The winners may not simply be the companies with the best front-end experience but the companies with the payments, logistics, merchant relationships, data, and digital workflows that agents can access and act on. This is the transition from the app economy to the agent economy . And it may represent another way to think about the next phase of the AI trade. How Is Agentic AI Changing Digital Commerce? For years, digital commerce has been built around clicks, taps, and screens. The consumer browses. The platform presents choices. The transaction happens inside the app. Agentic AI introduces a different model. Instead of navigating every step manually, a consumer may increasingly delegate tasks to an AI assistant: reorder groceries, book a ride to the airport, compare prices on a product, pay a bill, split a purchase, or find the fastest way to complete a task. The consumer still makes the decision, but the path from intent to transaction becomes more automated. That has important implications for investing. If AI agents begin to mediate more consumer activity, then value may shift toward the platforms that sit clo...
The incendiary Japanese group who emerged out of late-60s unrest were suspicious of studios so their legacy was long left to bootleg obsessives. But unheard recordings are revealing their lesser-known gifts for melody By 1969 student protests were raging across Japan, as anti-university, anti-war and anti-government movements mingled in strikes and classroom blockades. “Students were getting reall...
The incendiary Japanese group who emerged out of late-60s unrest were suspicious of studios so their legacy was long left to bootleg obsessives. But unheard recordings are revealing their lesser-known gifts for melody By 1969 student protests were raging across Japan, as anti-university, anti-war and anti-government movements mingled in strikes and classroom blockades. “Students were getting really violent,” Makoto Kubota recalls of Kyoto’s Doshisha University, leaving his studies in shambles. But when his quiet, magnetic fellow student Takashi Mizutani invited Kubota to the first gig by his band les Rallizes Dénudés, their deafening psych-rock became his calling. “I’d never experienced that amount of volume. My body ached.” Les Rallizes Dénudés, which Kubota soon joined, have become the stuff of rock mythology: a mysterious, ever-shifting group whose early use of extreme distortion has won fans ranging from Osees’ John Dwyer to Lady Gaga. As its sole constant member since founding it in 1967, vocalist-guitarist Mizutani’s secretive nature and aversion to studio recordings have meant their story is still being pieced together, and their music chiefly circulated as live bootlegs. Discovering these had generated a cult international fanbase long after the band’s final gig in 1996, and Mizutani and Kubota reconnected in 2019 with plans to reunite – cut short by Mizutani’s death later that year. In his memory, Kubota is restoring and releasing their music, including an extraordinary lost album. Continue reading...
Visual Force/iStock via Getty Images Iraq is dangling steep price cuts to lure buyers for crude loading this month, even as any tanker picking up those barrels must pass through the increasingly dangerous Strait of Hormuz. State oil marketer SOMO is offering discounts of up to about $33 per barrel versus official selling prices for its Basrah Medium grade, Bloomberg News reported Tuesday, citing a...
Visual Force/iStock via Getty Images Iraq is dangling steep price cuts to lure buyers for crude loading this month, even as any tanker picking up those barrels must pass through the increasingly dangerous Strait of Hormuz. State oil marketer SOMO is offering discounts of up to about $33 per barrel versus official selling prices for its Basrah Medium grade, Bloomberg News reported Tuesday, citing a May 3 notice. The pricing varies across the month, with deeper reductions early in the loading window and slightly narrower discounts later on. The incentive reflects the growing logistical risk. Since fighting erupted in late February, traffic through Hormuz has been severely constrained, and renewed clashes between the US and Iran this week have raised fresh doubts about a fragile ceasefire that had held for roughly a month. Iraq, facing limited storage as exports stalled, was among the first regional producers to curb output. Export activity has slowed sharply. Ship-tracking data show only two tankers loaded crude at Iraq’s southern Basrah terminal in April, compared with 12 in March and a typical monthly pace that can reach around 80 vessels. While Iraq continues to ship oil through a pipeline to Turkey, those volumes are only a small share of its normal seaborne exports. Under the May sales terms, buyers must accept the prevailing risks. The SOMO notice specifies that force majeure protections will not apply, given the widely understood conditions in the region. Basrah Medium cargoes loading between May 1 and 10 carry the largest discount, at roughly $33 per barrel below official prices, easing to about $26 for the remainder of the month. Basrah Heavy is being marketed at around $30 below official levels. Separately, SOMO also marketed Qaiyarah crude via a spot tender last week, though those cargoes likewise require loading within the Gulf, Bloomberg News reported, citing traders familiar with the matter. More on Crude Oil Futures, Brent Futures, etc. SPX Realized Ske...
The Nasdaq 100 (^NDX) is known for housing some of the most innovative and fastest-growing companies in the market. But not every stock in the index is a winner - some are struggling with slowing growth, increasing competition, or unsustainable valuations.
The Nasdaq 100 (^NDX) is known for housing some of the most innovative and fastest-growing companies in the market. But not every stock in the index is a winner - some are struggling with slowing growth, increasing competition, or unsustainable valuations.
Ineos Group, the heavily-indebted chemicals conglomerate helmed by Jim Ratcliffe , plans to raise €400 million ($468 million) from bonds to repay upcoming term loans. The five-and-a-half year issue will repay all of the group’s senior secured term loans due in 2027 and a portion of the dollar loan due in 2028, according to a person familiar with the matter. The securities will be sold through Ineo...
Ineos Group, the heavily-indebted chemicals conglomerate helmed by Jim Ratcliffe , plans to raise €400 million ($468 million) from bonds to repay upcoming term loans. The five-and-a-half year issue will repay all of the group’s senior secured term loans due in 2027 and a portion of the dollar loan due in 2028, according to a person familiar with the matter. The securities will be sold through Ineos Finance, one of the issuing entities for the broader Ineos Group, which specializes in chemicals like olefins and polymers. Bonds across the Ineos structure have seen a sharp rally in recent weeks, in part due to the impact of the war in Iran. Ineos’ large network in the US means it has access to relatively cheap raw materials — which have become harder to source as the war strangles the flow of so-called feedstocks. This puts Ineos Group at an advantage over many foreign rivals. Read More: Jim Ratcliffe’s Ineos Gets Debt Break From Iran War Supply Shock The deal marks a test of investor appetite for beleaguered European chemicals issuers. Ineos last issued bonds in September. Since then, its bonds have come under pressure from persistent fears of structural weakness in the European chemical industry, eroded profits and challenges from cheaper Chinese competitors. That’s come amid large spending outlays for its new ethane steam cracker in Antwerp, known as Project One.
Futures tied to major U. S. indices edged higher on Tuesday, pointing to a potential rebound after the previous session was hit by renewed tensions around the Strait of Hormuz.
Futures tied to major U. S. indices edged higher on Tuesday, pointing to a potential rebound after the previous session was hit by renewed tensions around the Strait of Hormuz.
Microsoft is finally giving up on showing the junk feed of MSN news when you open the widgets feature in Windows 11. After allowing Windows 11 users to disable the MSN feed more than two years ago , Microsoft says it will soon hide it by default as part of an effort to make widgets "quiet by default." "We're working to make Widgets feel less distracting and overwhelming by making the experience qu...
Microsoft is finally giving up on showing the junk feed of MSN news when you open the widgets feature in Windows 11. After allowing Windows 11 users to disable the MSN feed more than two years ago , Microsoft says it will soon hide it by default as part of an effort to make widgets "quiet by default." "We're working to make Widgets feel less distracting and overwhelming by making the experience quiet by default," says Microsoft . "To do this, we're testing a new set of default settings designed to reduce unexpected alerts and visual interruptions." Microsoft is planning to disable the widgets panel opening when you hover over its taskbar ite … Read the full story at The Verge.
中東局勢再趨緊張，港股下跌近200點。「北水」繼續缺席，不計半日市，全日成交是2025年十月以來最少。 大市低開150點，再次失守兩萬六關口。指數跌幅曾經擴大至超過400點，午市逐步收窄。收市下跌197點，報25,898點，成交進一步縮減至1,222億元。 Blue Water Capital首席投資官李澤銘說：「短期來說，中東局勢又再混亂，環球股市出現明顯調整，由於港股的主要指數早前的反彈或升幅...
中東局勢再趨緊張，港股下跌近200點。「北水」繼續缺席，不計半日市，全日成交是2025年十月以來最少。 大市低開150點，再次失守兩萬六關口。指數跌幅曾經擴大至超過400點，午市逐步收窄。收市下跌197點，報25,898點，成交進一步縮減至1,222億元。 Blue Water Capital首席投資官李澤銘說：「短期來說，中東局勢又再混亂，環球股市出現明顯調整，由於港股的主要指數早前的反彈或升幅有限，今次調整的幅度都應該不會太多。所以近期的低位25,600點。會形成一個比較明顯的支持。」 滙控上季業績差過市場預期兼信貸減值撥備增加。股價下跌半成，單一股份拖低恒指112點。 長和出售英國電訊業務，套現454億元。股價升百分之4，創超過一年新高。獲大行調高目標價的寧德時代，逆市升百分之3。 體育用品股受壓，李寧和安踏下跌百分之3至4。比亞迪跌近百分之2，曾經失守100元關口。
中東局勢再趨緊張，港股下跌近200點。「北水」繼續缺席，不計半日市，全日成交是2025年十月以來最少。 大市低開150點，再次失守兩萬六關口。指數跌幅曾經擴大至超過400點，午市逐步收窄。收市下跌197點，報25,898點，成交進一步縮減至1,222億元。 Blue Water Capital首席投資官李澤銘說：「短期來說，中東局勢又再混亂，環球股市出現明顯調整，由於港股的主要指數早前的反彈或升幅...
中東局勢再趨緊張，港股下跌近200點。「北水」繼續缺席，不計半日市，全日成交是2025年十月以來最少。 大市低開150點，再次失守兩萬六關口。指數跌幅曾經擴大至超過400點，午市逐步收窄。收市下跌197點，報25,898點，成交進一步縮減至1,222億元。 Blue Water Capital首席投資官李澤銘說：「短期來說，中東局勢又再混亂，環球股市出現明顯調整，由於港股的主要指數早前的反彈或升幅有限，今次調整的幅度都應該不會太多。所以近期的低位25,600點。會形成一個比較明顯的支持。」 滙控上季業績差過市場預期兼信貸減值撥備增加。股價下跌半成，單一股份拖低恒指112點。 長和出售英國電訊業務，套現454億元。股價升百分之4，創超過一年新高。獲大行調高目標價的寧德時代，逆市升百分之3。 體育用品股受壓，李寧和安踏下跌百分之3至4。比亞迪跌近百分之2，曾經失守100元關口。