Wu claims title 18-17 with decisive break of 85 The 22-year-old is the second-youngest champion ever As the ticker tape rained down on Wu Yize and the Chinese flag was draped over the shoulders of snooker’s newest superstar as he clutched the game’s most famous prize, it was hard not to imagine that this sport was changing in front of our eyes for ever. If Zhao Xintong broke through the glass ceil...
Wu claims title 18-17 with decisive break of 85 The 22-year-old is the second-youngest champion ever As the ticker tape rained down on Wu Yize and the Chinese flag was draped over the shoulders of snooker’s newest superstar as he clutched the game’s most famous prize, it was hard not to imagine that this sport was changing in front of our eyes for ever. If Zhao Xintong broke through the glass ceiling for 12 months ago, then the exploits of the China’s newest Crucible king may have just shattered it into a thousand pieces. The boy who came to England with his father as a 16-year-old to pursue his dreams, living in a windowless flat in Sheffield, is now the champion of the world. Continue reading...
MicroStockHub/iStock via Getty Images Transcript U.S. stocks are near record highs, supported by solid corporate earnings that are being revised higher. That, plus the ongoing AI buildout, reinforces our pro-risk stance. 1) Earnings momentum builds 2026 earnings have been revised upwards throughout this year. That’s an unusual pattern, as estimates are often revised down over time. Mega cap tech r...
MicroStockHub/iStock via Getty Images Transcript U.S. stocks are near record highs, supported by solid corporate earnings that are being revised higher. That, plus the ongoing AI buildout, reinforces our pro-risk stance. 1) Earnings momentum builds 2026 earnings have been revised upwards throughout this year. That’s an unusual pattern, as estimates are often revised down over time. Mega cap tech remains the dominant driver, with the "Magnificent Seven" stocks accounting for over a third of total expected earnings growth for this year. The broader earnings backdrop also looks healthy. Energy and materials have seen earnings upgrades, largely due to higher prices caused by the Middle East conflict. 2) AI drives differentiation Mega forces are increasingly driving investment outcomes - especially AI. Markets are focusing on which companies can turn heavy investment into profits. That dynamic was on full display last week amid a flurry of Big Tech earnings. These firms are raising already record-high capex plans, and investors are rewarding those with clear returns on investment or control over key technologies. This surge in spending is lifting demand for semiconductors and hardware, especially in parts of Asia. 3) Beyond the key AI players Active investors can also find opportunities beyond the main players in the AI buildout. Examples include early AI adopters across financials and selected healthcare, in our view. Other potential beneficiaries include value and high-dividend stocks, where wide discounts and attractive income could drive valuations higher. Strong corporate earnings and the AI buildout reinforce our pro-risk stance.We stay overweight U.S. and emerging market equities on the ongoing AI theme, and we like thematic opportunities across infrastructure, defense and energy. ______________ U.S. stocks are hitting records amid ongoing Middle East supply disruptions. A key reason behind their outperformance? Strong corporate earnings that are being revised hig...
The US Secret Service said a suspect who opened fire on Monday on the National Mall did so after being confronted by officers. Secret Service Deputy Director Matt Quinn said officers returned fire. A bystander was struck by the suspect, Quinn said. Quinn said the motorcade of Vice-President J.D. Vance transited through the area not long before the shooting but there was no indication it was the ta...
The US Secret Service said a suspect who opened fire on Monday on the National Mall did so after being confronted by officers. Secret Service Deputy Director Matt Quinn said officers returned fire. A bystander was struck by the suspect, Quinn said. Quinn said the motorcade of Vice-President J.D. Vance transited through the area not long before the shooting but there was no indication it was the target. The incident happened on Monday afternoon around 15th Street and Independence Avenue near the...
Nearly 80% of hotels surveyed by a body representing the industry reported bookings were running below projections — a worrisome sign with only weeks to go before the World Cup. (Image credit: Jamie Squire)
Nearly 80% of hotels surveyed by a body representing the industry reported bookings were running below projections — a worrisome sign with only weeks to go before the World Cup. (Image credit: Jamie Squire)
Intel said on Monday it had appointed Alex Katouzian to lead the company's PC and physical artificial intelligence unit. The new role for Katouzian includes the company's crucial PC business, which has been one of the mainstays of Intel's revenue and profit for decades. Katouzian has worked at Qualcomm for more than 20 years and has worked extensively in the company's mobile chip unit, which ...
Intel said on Monday it had appointed Alex Katouzian to lead the company's PC and physical artificial intelligence unit. The new role for Katouzian includes the company's crucial PC business, which has been one of the mainstays of Intel's revenue and profit for decades. Katouzian has worked at Qualcomm for more than 20 years and has worked extensively in the company's mobile chip unit, which makes processors for smartphones and other gadgets.
honglouwawa/iStock via Getty Images There are currently 4 mechanistic, large forces that push up S&P 500 earnings, especially those related to the large tech/AI component. The State Street SPDR S&P 500 ETF Trust ( SPY ) is a tradable proxy for the S&P 500. The effects are below. Capex On One Side, Revenues And Profits On The Other First, there’s a fundamental mismatch between how capex (Capital Ex...
honglouwawa/iStock via Getty Images There are currently 4 mechanistic, large forces that push up S&P 500 earnings, especially those related to the large tech/AI component. The State Street SPDR S&P 500 ETF Trust ( SPY ) is a tradable proxy for the S&P 500. The effects are below. Capex On One Side, Revenues And Profits On The Other First, there’s a fundamental mismatch between how capex (Capital Expenses, investment) is accounted for and how the sales of equipment resulting from that CapEx are accounted for. And this mismatch inflates earnings. Let me explain: For the company investing in CapEx, CapEx isn’t immediately and fully accounted for as a cost. Instead, since the equipment bought (say servers, memory, storage) is used over several years, the cost of the CapEx is itself also only recognized over several years through depreciation. For instance, if we consider a 5-year depreciation period, only 20% of the investment cost is recognized each year. However, on the side of the company selling that capital equipment (selling the servers, memory, storage, etc.), all of the sale is immediately booked in the same year it occurs. All of the revenue and profit of that sale is recognized immediately. And since there’s currently a shortage of computing equipment (GPUs, DRAM memory, NAND memory, HDD storage, etc.), the margins are particularly large and exceed 20% of the sales price at all main vendors, like NVIDIA Corporation ( NVDA ), Micron Technology, Inc. ( MU ), and Seagate Technology Holdings, plc ( STX ). As a result, the AI CapEx boom generates a lot more profit for the sellers of the capital equipment than it generates cost for the buyers of the equipment, even if the buyers didn’t put it to use (which they do)! Losses On The Customer And Revenues, Profits On The Hyperscaler Of course, the buyers of the capital equipment, the hyperscalers, with Microsoft Corporation ( MSFT ), Alphabet Inc. ( GOOG ), and Amazon.com, Inc. ( AMZN ) chief among them, do put the equip...
Key PointsCOO Julie Rubinstein sold 19,037 shares for a transaction value of ~$271,000 on April 27, 2026, at a weighted average price of around $14.23 per share.
Key PointsCOO Julie Rubinstein sold 19,037 shares for a transaction value of ~$271,000 on April 27, 2026, at a weighted average price of around $14.23 per share.