A chaotic 13-minute spell from Man City in the second half of a six-goal thriller at Everton could prove to be the visitors' undoing in the Premier League title race.
A chaotic 13-minute spell from Man City in the second half of a six-goal thriller at Everton could prove to be the visitors' undoing in the Premier League title race.
Gold held a loss as the US and Iran traded fire in the Persian Gulf on Monday, jeopardizing a four-week-old ceasefire and fueling inflation risks. Bullion traded near $4,516, after falling 2% on Monday. The US military said it fought off attacks from Iran as it facilitated the passage of two US-flagged vessels through the Strait of Hormuz. Adding to the tension, the UAE said it intercepted cruise ...
Gold held a loss as the US and Iran traded fire in the Persian Gulf on Monday, jeopardizing a four-week-old ceasefire and fueling inflation risks. Bullion traded near $4,516, after falling 2% on Monday. The US military said it fought off attacks from Iran as it facilitated the passage of two US-flagged vessels through the Strait of Hormuz. Adding to the tension, the UAE said it intercepted cruise missiles fired by the Islamic Republic and blamed an Iranian drone strike for a large fire at its Fujairah port. The violence shook a ceasefire that has largely held since going into effect on April 8. Oil prices surged on the reports, while 30-year Treasury yields rose to the highest since July, as traders boosted wagers that the Federal Reserve will have to raise interest rates to curb inflation. Thatβs negative for non-yielding bullion. Read More: US 30-Year Yield Hits 5% as Oil Surge Fuels Bets on a Fed Hike Traders are looking to this weekβs announcement of the US Treasury Departmentβs borrowing plans for the next three months and a loaded calendar of economic releases for further cues on the trajectory of rates. Spot gold was little changed at $4,516.81 an ounce at 6:56 a.m. in Singapore. Silver shed 0.2% to $72.59. Platinum and palladium edged lower. The Bloomberg Dollar Spot Index , a gauge of the US currency, rose 0.2% on Monday.
Palantir (NASDAQ: PLTR) published its first-quarter results and added to an impressive track record of delivering beat-and-raise reports. The business recorded non-GAAP (adjusted) earnings per share of $0.33 on sales of $1.63 billion in the quarter. For comparison, the average analyst estimate had targeted adjusted earnings per share of $0.28 on sales of $1.54 billion. Palantir's net income surged...
Palantir (NASDAQ: PLTR) published its first-quarter results and added to an impressive track record of delivering beat-and-raise reports. The business recorded non-GAAP (adjusted) earnings per share of $0.33 on sales of $1.63 billion in the quarter. For comparison, the average analyst estimate had targeted adjusted earnings per share of $0.28 on sales of $1.54 billion. Palantir's net income surged from $214 million in last year's first quarter to $870.5 million in this year's period , and revenue grew 85% year over year. The business's revenue growth has continued to expand at an impressive clip even as the overall size of the business has increased substantially, and strong demand trends among both public-sector and private-sector customers have been translating into incredible sales and earnings growth. Image source: Getty Images. Continue reading
Meta Platforms Inc. is working on a financing package for a data center in El Paso, Texas, that could total roughly $13 billion, underscoring Big Techβs growing reliance on debt to bankroll the infrastructure behind the AI boom. Morgan Stanley and JPMorgan Chase & Co. are leading the process, according to people familiar with the matter. A large majority of the financing is expected to be in the f...
Meta Platforms Inc. is working on a financing package for a data center in El Paso, Texas, that could total roughly $13 billion, underscoring Big Techβs growing reliance on debt to bankroll the infrastructure behind the AI boom. Morgan Stanley and JPMorgan Chase & Co. are leading the process, according to people familiar with the matter. A large majority of the financing is expected to be in the form of debt, with the rest equity, the people said, asking not to be identified discussing private information. Metaβs effort is similar to an almost $30 billion financing package it completed last year for a data center site in rural Louisiana. In that deal, which included $27 billion of debt, Meta raised the funding through an entity known as Beignet Investor LLC, named after the popular Louisiana pastry. This latest transaction, dubbed Sopaipilla, is named after a fried pastry popular in the Southwestern parts of the country, the people said. Representatives for Meta, Morgan Stanley and JPMorgan declined to comment. Discussions are still in the early stages and terms remain fluid, the people familiar with the talks said. Read More: Meta, Blue Owl Seal $30 Billion Private Capital Deal for AI When Meta sealed Beignetβs deal, the company turned to Pacific Investment Management Co. as its anchor lender on the transaction. With Sopaipilla, Morgan Stanley and JPMorgan may offer the debt to investors in capital markets, the people said. Since the Beignet transaction, data center financing has exploded across investment-grade and junk-bond markets. In the high-yield space, more than $20 billion of bonds and loans have launched in the past three weeks alone, while Meta itself raised $25 billion in bonds last week. Still, investors have shown some signs of fatigue amid the deluge. Read More: Meta Increases Investment in El Paso Data Center to $10 Billion Meta is spending more than $10 billion on the data center in El Paso, which was a jump from prior projections, Bloomberg News re...
Earnings Call Insights: Medifast (MED) Q1 2026 Management View "We are seeing further evidence that our business is at the beginning of a period of stabilization and that we are making meaningful progress in delivering tangible traction in the market." (Executive Chairman & CEO Daniel Chard) "Although the number of active earning coaches continues to decline, the first quarter saw our first sequen...
Earnings Call Insights: Medifast (MED) Q1 2026 Management View "We are seeing further evidence that our business is at the beginning of a period of stabilization and that we are making meaningful progress in delivering tangible traction in the market." (Executive Chairman & CEO Daniel Chard) "Although the number of active earning coaches continues to decline, the first quarter saw our first sequential quarterly revenue growth in 3 years..." (Executive Chairman & CEO Daniel Chard) "We have responded by fundamentally repositioning the company, not by abandoning weight loss, but by reframing it to address the metabolic health crisis..." (Executive Chairman & CEO Chard) "We have meaningfully realigned our cost structure to the realities of the market, which is anticipated to generate more than $30 million in future savings..." (Chief Field Operations Officer & President Nicholas Johnson) "We are continuing to build on this scientific foundation and are planning to launch a new comprehensive metabolic system at our next coach convention in July..." (President Johnson) "Our balance sheet remains strong with substantial cash and investments of approximately $169 million...and no debt." (Executive Chairman & CEO Chard) "First quarter 2026 results for both revenue and EPS were within our guidance ranges..." (Chief Financial Officer James Maloney) Outlook "We are expecting second quarter revenue to range from $60 million to $80 million and loss per share for the quarter to range from $0.50 to $1." (CFO Maloney) "For the full year 2026, we expect revenue to range from $270 million to $300 million and loss per share between $1.55 and $2.75." (CFO Maloney) "Also included in our guidance is that we believe improvements to get back to profitability will start in Q4 2026, following the launch of our new product line, and we will be targeting improvements in earnings to continue into 2027 and beyond." (CFO Maloney) "We are reconfirming our full year 2026 guidance today." (Executive ...
Australian gold miner Regis Resources Ltd. agreed to buy Vault Minerals Ltd. in a scheme of arrangement. Vault shareholders will receive 0.6947 new fully paid ordinary shares in Regis for each share held, the companies said in a joint statement. Regis shareholders will own approximately 51% and Vault shareholders will hold about 49% of the combined company. The merger will create Australiaβs next ...
Australian gold miner Regis Resources Ltd. agreed to buy Vault Minerals Ltd. in a scheme of arrangement. Vault shareholders will receive 0.6947 new fully paid ordinary shares in Regis for each share held, the companies said in a joint statement. Regis shareholders will own approximately 51% and Vault shareholders will hold about 49% of the combined company. The merger will create Australiaβs next major gold producer with annual production of more than 700,000 ounces, the companies said. Regis shares closed at A$7.17 on Monday, valuing the company at A$5.4 billion ($3.9 billion). Vault closed at A$4.50, valuing it at A$4.7 billion. To view the source of this information click here
Hormuz Closure 'Inflicting Enormous Impact' On Asia: Japan's PM Takaichi The closure of the Strait of Hormuz is "inflicting enormous impact" on the Asia-Pacific region , Japanese Prime Minister Sanae Takaichi said Monday in somewhat dramatic remarks before the press. Takaichi's words were issued from Canberra, on the occasion of Japan having signed agreements with Australia on critical minerals, e...
Hormuz Closure 'Inflicting Enormous Impact' On Asia: Japan's PM Takaichi The closure of the Strait of Hormuz is "inflicting enormous impact" on the Asia-Pacific region , Japanese Prime Minister Sanae Takaichi said Monday in somewhat dramatic remarks before the press. Takaichi's words were issued from Canberra, on the occasion of Japan having signed agreements with Australia on critical minerals, energy security, and defense cooperation amid high-level talks with Prime Minister Anthony Albanese. Albanese in turn endorsed her assessment, stating: "Today, (we are) again facing an energy shock and global instability ... Our partnership helps us secure the energy we both need." via Associated Press Takaichi also said in reference to the Strait of Hormuz, "We affirmed that Japan and Australia will closely communicate with each other in responding with a sense of urgency." According to more : Australia provides approximately one-third of Japanβs energy supplies and is the countryβs largest market for liquefied natural gas. Both Canberra and Tokyo have been trying to shore up energy supplies due to the Iran war. "Like Japan, we are very concerned by disruptions to the supply of liquid fuels and refined petroleum products , " Australian Prime Minister Anthony Albanese said. βIn a complex strategic environment, cooperation between Australia and Japan is essential to maintaining a peaceful, stable and prosperous region," Albanese additionally said. "Enhanced defense and security cooperation between Australia and Japan increases interoperability between our defense forces, ensuring Australia and Japan can work closely together to support regional peace and security." Tokyo and Canberra finalized a $7 billion defense agreement just last month , and a central part of this involves Japan supplying Australia with 11 warships. China has also suffered negative impact of its Iranian oil flows being blocked; however, Beijing is arguably in a better position to weather the storm when co...
watch now VIDEO 1:46 01:46 AI is the biggest technology transformation in our lifetime, says Amazon CEO Andy Jassy Mad Money with Jim Cramer Andy Jassy said Amazon's massive spending on artificial intelligence isn't something investors should fear β it's exactly why they'll be rewarded over time. "We believe that AI is the biggest technology transformation in our lifetimes," the CEO said on " Mad ...
watch now VIDEO 1:46 01:46 AI is the biggest technology transformation in our lifetime, says Amazon CEO Andy Jassy Mad Money with Jim Cramer Andy Jassy said Amazon's massive spending on artificial intelligence isn't something investors should fear β it's exactly why they'll be rewarded over time. "We believe that AI is the biggest technology transformation in our lifetimes," the CEO said on " Mad Money ." "It's going to reinvent every single customer experience we know and altogether new ones we never imagined." In February, Amazon announced plans to invest $200 billion this year in capital expenditures, largely tied to AI infrastructure. The disclosure alongside fourth-quarter earnings sent sent shares tumbling. It took roughly two months for the stock to erase all of its post-earnings declines in early April. It has kept climbing higher since then, setting a new record close Monday. The crux of the debate surrounding the stock: Will Amazon be able to generate meaningful returns from all this spending? Skeptics also note that Amazon is projected to have negative free cash flow in 2026, according to FactSet. Jassy argues that scale of spending reflects just how big the opportunity is. He pointed to the sheer pace of growth of its cloud unit, Amazon Web Services, as evidence that the company is investing in the right place. "After the first three years of this incarnation of AI, our run rate is over $15 billion β 260 times what it was the first three years of AWS," he said. AWS is expected to generate total revenue of roughly $166 billion this year, according to FactSet. "When you have shifts that are this momentous β¦ you want to bet big," added Jassy, who used to lead Amazon's cloud unit before replacing Jeff Bezos as companywide CEO in 2021. Jassy specifically pushed back on the cash flow concerns, saying critics misunderstand how Amazon makes money from these investments. "We have to lay out capital and cash in advance of when we can monetize it," he said, explain...