Justin Sullivan/Getty Images News Chevron ( CVX ) down 1% pre-market Friday after reporting better-than-expected Q1 adjusted earnings , as its upstream business received a boost from higher oil prices linked to the Middle East war, although overall profit fell to its lowest in five years, partly due to unfavorable timing effects tied to financial derivatives. Chevron's ( CVX ) underlying business...
Justin Sullivan/Getty Images News Chevron ( CVX ) down 1% pre-market Friday after reporting better-than-expected Q1 adjusted earnings , as its upstream business received a boost from higher oil prices linked to the Middle East war, although overall profit fell to its lowest in five years, partly due to unfavorable timing effects tied to financial derivatives. Chevron's ( CVX ) underlying business was strong , excluding timing effects that are typical in a volatile environment, CFO Eimear Bonner told Reuters, adding the company anticipates that paper positions worth ~$1B will close and result in profit in Q2. Q1 net profit fell to $2.21B, or $1.11/share, from $3.5B, or $2.00/share, in the year-earlier quarter, primarily due to unfavorable timing effects of ~$2.9B; excluding the unfavorable effects, earnings improved due to upstream production growth and higher refining margins. Chevron ( CVX ) returned $6B of cash to shareholders during the quarter, including $2.5B of stock buybacks and $3.5B of dividends. Q1 total production increased 15% Y/Y to 3.86M boe/day, largely due to the Hess acquisition and growth in the U.S. Gulf and the Permian Basin , partly offset by downtime at the company’s 50%-owned Tengizchevroil affiliate in Kazakhstan and curtailments in the Middle East; U.S. production topped 2M boe/day for the third consecutive quarter. Q1 U.S. upstream earnings rose to $2.11B from $1.86B in the year-earlier quarter, primarily due to increased sales volumes partly offset by higher depreciation, depletion and amortization, higher operating expenses, and lower liquids realizations, while Q1 International upstream earnings fell to $1.8B from $1.9B a year ago, primarily due to unfavorable timing effects, higher depreciation, depletion and amortization, and unfavorable foreign currency effects that were partly offset by higher sales volumes. Q1 U.S. downstream earnings rose to $196M from $103M in the year-earlier quarter, primarily due to higher margins on refined...
CoinShares PLC press release ( CSHR ): FY Revenue of $197.6M. Operating Income of $127.0 million, compared to $125.0 million in FY2024, change of 1.6%. Net income of $114.3 million, compared to $162.4 million in FY2024; the year-over-year comparison is impacted by a $36.8 million non-recurring gain on the sale of the Company's FTX bankruptcy claim and by gains of $15.8 million arising on pricing d...
CoinShares PLC press release ( CSHR ): FY Revenue of $197.6M. Operating Income of $127.0 million, compared to $125.0 million in FY2024, change of 1.6%. Net income of $114.3 million, compared to $162.4 million in FY2024; the year-over-year comparison is impacted by a $36.8 million non-recurring gain on the sale of the Company's FTX bankruptcy claim and by gains of $15.8 million arising on pricing differentials between ETP trading prices and the underlying digital asset exposure which are non-operational. More on CoinShares PLC Historical earnings data for CoinShares PLC Financial information for CoinShares PLC
The World Championship semi-final between John Higgins and Shaun Murphy is delicately poised at 8-8 after a captivating second session at the Crucible Theatre in Sheffield.
The World Championship semi-final between John Higgins and Shaun Murphy is delicately poised at 8-8 after a captivating second session at the Crucible Theatre in Sheffield.
Richard Drury/DigitalVision via Getty Images Introduction The last time I covered Easterly Government Properties ( DEA ), I highlighted the company's resilient fundamentals and relatively unique exposure to the US through very long-term, non-cancelable government leases, supporting their high dividend yield while supporting their significant growth pipeline. Following a solid start to 2026, DEA re...
Richard Drury/DigitalVision via Getty Images Introduction The last time I covered Easterly Government Properties ( DEA ), I highlighted the company's resilient fundamentals and relatively unique exposure to the US through very long-term, non-cancelable government leases, supporting their high dividend yield while supporting their significant growth pipeline. Following a solid start to 2026, DEA remains a Buy, with the valuation continuing to imply a very significant margin of safety that can also support a re-rating once the environment and their borrowing costs improve. Solid Performance During Rough Times Easterly Government Properties IR DEA reported a solid Q1 recently, with FFO in line with the market's expectations and a slight beat on revenue, with the CAD reaching $32.153 million in Q1'26 compared to $31.145 million in Q1'25, but representing a decrease on a per share basis given the equity they issued, for a CAD of $0.67 per share in Q1'26 compared to $0.686 per share in Q1'25. This doesn't have to be a bad thing, however, as looking at it from a long-term perspective, this near-term dilution will likely translate into long-term growth, and especially when talking about a company dealing in decade-old contracts, accretion through rent escalators can shine later on (plus the lag between the initial issuance and the time rent is actually collected). Easterly Government Properties IR DEA increased the lower end of its Core FFO guidance to $3.06 to $3.12 now, maintaining a massive $1.5 billion long-term pipeline, spread roughly equally between federal, state, and local, and government adjacent properties, planning to spend roughly $50 million in acquisitions and $50 million to $100 million in gross development-related investments this year. Easterly Government Properties IR Financially, based on the DEA's latest report , we continue to see an overall normal position for a REIT, with limited cash and equivalents but significant assets that more than offset their...
Futures Rise, Oil Slides On Iran Ceasefire Optimism After Best Month For Stocks Since 2020 US equity futures are higher, set for a new all time high, as the rally that’s pushed Wall Street to record highs on strong megacap tech earnings continues, after the S&P posted its best monthly increase since November 2020. As of 8:00am ET, S&P futures are up 0.3% (spiking moments ago on a report that Iran ...
Futures Rise, Oil Slides On Iran Ceasefire Optimism After Best Month For Stocks Since 2020 US equity futures are higher, set for a new all time high, as the rally that’s pushed Wall Street to record highs on strong megacap tech earnings continues, after the S&P posted its best monthly increase since November 2020. As of 8:00am ET, S&P futures are up 0.3% (spiking moments ago on a report that Iran submitted its latest response to US amendments on the ceasefire agreement), while Nasdaq futures are modestly in the red and the Russell underperforms. Pre-market, AAPL is up 3% on healthy guidance and earnings beat even as it warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.” NVDA and MSFT are 40bp higher, while AMZN is down 60bp. Headlines since yesterday’s close have been largely quiet, especially given the market holidays across most European and Asian markets. Bond yields dropped 1-2bp, and oil slipped after news that Iran had delivered its response to the latest US ceasefire amendment via Pakistani sources; the news pushed Brent down by about $1 to $110 and WTI dropped to session lows around $103; precious metals and aluminum are lower. The dollar was little changed having wrapped up its worst month since June, after a second intervention to by the BOJ/MOF in Japan pushed the yen sharply higher (although it has again given up most of its gains). Gold traded around $4,600 an ounce. Today's economic data calendar slate includes April manufacturing PMI (9:45am) and ISM manufacturing (10am). Fed speaker slate includes Miran at 8am In premarket trading, Mag 7 stocks are mixed: Apple is up 3.8% after giving a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months” (Nvidia +0.4%, Microsoft +0.4%, Meta +0.3%, Tesla -0.2%, Alphabet -0.2%, Amazon -0.7%). Amgen (AMGN) is down 1.6% after th...
Cipher Pharmaceuticals (TSX: CPH; OTCQX: CPHRF) said on Friday it will launch a normal course issuer bid to repurchase up to 1.49 million of its common shares over a 12-month period starting May 5, 2026. The buyback, approved by the Toronto Stock Exchange, represents about 10% of the company’s public float as of April 24, 2026. Shares will be purchased at prevailing market prices and cancelled. Th...
Cipher Pharmaceuticals (TSX: CPH; OTCQX: CPHRF) said on Friday it will launch a normal course issuer bid to repurchase up to 1.49 million of its common shares over a 12-month period starting May 5, 2026. The buyback, approved by the Toronto Stock Exchange, represents about 10% of the company’s public float as of April 24, 2026. Shares will be purchased at prevailing market prices and cancelled. The company said purchases may be made through the TSX, alternative trading systems or private agreements, subject to securities regulations. Daily repurchases on the TSX will be capped at 7,505 shares, with provisions for larger weekly block purchases. Cipher had previously been authorized to repurchase up to about 1.49 million shares under its current program expiring May 4, 2026, of which about 532,940 shares have been bought back at an average price of roughly C$13.90 per share. The company said the buyback reflects its view that its shares may trade below their intrinsic value and that repurchases represent an appropriate use of capital. CPHRF -1.04% premarket to $13.04 . Source: Press Release More on Cipher Pharmaceuticals Historical earnings data for Cipher Pharmaceuticals Financial information for Cipher Pharmaceuticals
Alistair Berg Stock index futures were largely higher as Wall Street looked to kick off the month of May on an optimistic note. Here are the four stocks to watch on the day: Apple ( AAPL ) gained 3.4% in premarket trading Friday after the technology giant reported quarterly results that topped Wall Street expectations. For the fiscal second quarter ended March 28, Apple earned an adjusted $2.01 pe...
Alistair Berg Stock index futures were largely higher as Wall Street looked to kick off the month of May on an optimistic note. Here are the four stocks to watch on the day: Apple ( AAPL ) gained 3.4% in premarket trading Friday after the technology giant reported quarterly results that topped Wall Street expectations. For the fiscal second quarter ended March 28, Apple earned an adjusted $2.01 per share as revenue rose 17% year-over-year to $111.18 billion. iPhone revenue came in at $56.99 billion, slightly above the $56.98 billion consensus estimate. Nebius ( NBIS ) added 1.86% in premarket trading Friday after announcing it has agreed to acquire artificial intelligence company Eigen AI in a deal worth approximately $643 million. The acquisition will strengthen Nebius Token Factory as a “frontier managed inference platform for production AI,” according to the company. Following the close, Eigen AI’s inference and post-training optimization layers will be integrated into Nebius Token Factory. Colgate-Palmolive ( CL ) rose 2.30% in premarket trading Friday after topping consensus estimates with its first-quarter earnings report. Revenue increased 8.4% to $5.32 billion, while organic sales grew 2.9% during the quarter. Latin America and Asia Pacific led segment performance with organic sales growth of 5.4% and 5.6%, respectively, though North American organic sales declined 1.8%. AutoNation ( AN ) fell 1.92% in premarket trading Friday following the release of its first-quarter earnings. Total revenue declined 2.1% year-over-year to $6.55 billion, with same-store revenue down 4% and same-store profit falling 2%. Non-GAAP EPS of $4.69 beat the consensus estimate by $0.08, aided by a lower overall share count. More related stories Apple: The CapEx-Lite AI Winner The Market Is Ignoring (Rating Upgrade) Apple Q2 Results: Big Growth, But Why You Shouldn't Buy Apple Inc. (AAPL) Q2 2026 Earnings Call Transcript Apple impressed Wall Street with its results. But its forecast ...
Alistair Berg Stock index futures were largely higher as Wall Street looked to kick off the month of May on an optimistic note. Here are the four stocks to watch on the day: Apple ( AAPL ) gained 3.4% in premarket trading Friday after the technology giant reported quarterly results that topped Wall Street expectations. For the fiscal second quarter ended March 28, Apple earned an adjusted $2.01 pe...
Alistair Berg Stock index futures were largely higher as Wall Street looked to kick off the month of May on an optimistic note. Here are the four stocks to watch on the day: Apple ( AAPL ) gained 3.4% in premarket trading Friday after the technology giant reported quarterly results that topped Wall Street expectations. For the fiscal second quarter ended March 28, Apple earned an adjusted $2.01 per share as revenue rose 17% year-over-year to $111.18 billion. iPhone revenue came in at $56.99 billion, slightly above the $56.98 billion consensus estimate. Nebius ( NBIS ) added 1.86% in premarket trading Friday after announcing it has agreed to acquire artificial intelligence company Eigen AI in a deal worth approximately $643 million. The acquisition will strengthen Nebius Token Factory as a “frontier managed inference platform for production AI,” according to the company. Following the close, Eigen AI’s inference and post-training optimization layers will be integrated into Nebius Token Factory. Colgate-Palmolive ( CL ) rose 2.30% in premarket trading Friday after topping consensus estimates with its first-quarter earnings report. Revenue increased 8.4% to $5.32 billion, while organic sales grew 2.9% during the quarter. Latin America and Asia Pacific led segment performance with organic sales growth of 5.4% and 5.6%, respectively, though North American organic sales declined 1.8%. AutoNation ( AN ) fell 1.92% in premarket trading Friday following the release of its first-quarter earnings. Total revenue declined 2.1% year-over-year to $6.55 billion, with same-store revenue down 4% and same-store profit falling 2%. Non-GAAP EPS of $4.69 beat the consensus estimate by $0.08, aided by a lower overall share count. More related stories Apple: The CapEx-Lite AI Winner The Market Is Ignoring (Rating Upgrade) Apple Q2 Results: Big Growth, But Why You Shouldn't Buy Apple Inc. (AAPL) Q2 2026 Earnings Call Transcript Apple impressed Wall Street with its results. But its forecast ...
In this article GOOGL NVDA Follow your favorite stocks CREATE FREE ACCOUNT Google CEO Sundar Pichai attends the AI Impact Summit in New Delhi, India, Friday, Feb. 20, 2026. AP Quietly, shares of Google-parent Alphabet are on the verge of topping $5 trillion, and overtaking AI-leader Nvidia as the world's most valuable company. And according to options prices, it may happen sooner rather than later...
In this article GOOGL NVDA Follow your favorite stocks CREATE FREE ACCOUNT Google CEO Sundar Pichai attends the AI Impact Summit in New Delhi, India, Friday, Feb. 20, 2026. AP Quietly, shares of Google-parent Alphabet are on the verge of topping $5 trillion, and overtaking AI-leader Nvidia as the world's most valuable company. And according to options prices, it may happen sooner rather than later. The breakout in shares of Alphabet after a 10% surge on Thursday brings the company's 1-year gain to 140% and a market capitalization over $4.6 trillion. The company reported revenue Wednesday that beat analyst estimates and Google Cloud revenue that surpassed $20 billion. Zoom In Icon Arrows pointing outwards At the same time, the world's biggest company — AI Kingpin Nvidia, now trading with a market cap under $4.9 trillion — is down more than 6% in two days following a Wall Street Journal report that business partner OpenAI missed internal revenue and growth estimates. If Nvidia doesn't rally into or after its report on May 20 — and the stock has indeed fallen after four of its last five earnings reports — the options market says odds are Alphabet will trade as the world's biggest company as early as May 15. Here's the math: for Alphabet to achieve Nvidia's current market cap, the stock needs to rally another 4% or so, to roughly $401 per share. Based on the premiums paid for call contracts around that strike, options traders are assigning about a 53% chance it could touch that level at any point between now and May 15. The odds Alphabet will close above $400 exactly on May 22, the Friday after NVIDIA earnings is about 30%, according to data from ThinkOrSwim. The last time Alphabet was the world's most valuable company was in 2016, when it briefly nudged Apple from the top spot. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Welcome to Edition 8.39 of the Rocket Report! There's a lot of news to share in the universe of powerful rockets this week, and we're delighted to sum it up in this week's edition. The biggest rocket of them all, Starship, had a relatively quiet week as SpaceX aims to launch the vehicle's next test flight, perhaps sometime in May. The results of that flight and the outcome of Blue Origin's first a...
Welcome to Edition 8.39 of the Rocket Report! There's a lot of news to share in the universe of powerful rockets this week, and we're delighted to sum it up in this week's edition. The biggest rocket of them all, Starship, had a relatively quiet week as SpaceX aims to launch the vehicle's next test flight, perhaps sometime in May. The results of that flight and the outcome of Blue Origin's first attempt to land on the Moon with its Blue Moon cargo lander in the coming months should tell us a lot about NASA's actual chances of putting astronauts on the lunar surface in 2028. As always, we welcome reader submissions . If you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets, as well as a quick look ahead at the next three launches on the calendar. These 12 companies are developing SBIs. The US Space Force released a list April 24 of a dozen companies working on Space-Based Interceptors for the Pentagon’s Golden Dome initiative, a multilayer defense system to shield US territory from drones and ballistic, hypersonic, and cruise missile attacks, Ars reports . The roster of Golden Dome Space-Based Interceptor (SBI) contractors, some of which were previously reported, includes Anduril Industries, Booz Allen Hamilton, General Dynamics Mission Systems, GITAI USA, Lockheed Martin, Northrop Grumman, Quindar, Raytheon, Sci-Tec, SpaceX, True Anomaly, and Turion Space. The companies will contribute in different areas to develop and deliver SBI prototypes for testing. The agreements have a maximum combined value of $3.2 billion. Contracts for full-scale production will come later with a significantly higher price tag. Read full article Comments
Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’ Business live – latest updates The UK financial watchdog is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal. The Financial Conduct Authority (FCA) said that it will defend the scheme “robustly” as the “fastest, simple...
Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’ Business live – latest updates The UK financial watchdog is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal. The Financial Conduct Authority (FCA) said that it will defend the scheme “robustly” as the “fastest, simplest route for consumers and the most efficient way for firms to put things right”. Continue reading...
The recent report by Custom Market Insights highlights significant growth in the application of generative AI within the chemical industry, with market size expected to expand from USD 0.98 billion in 2025 to an estimated USD 12.84 billion by 2035. This growth is fueled by factors such as the need for faster R&D times, rising demand for sustainable molecules, integration with advanced technologies...
The recent report by Custom Market Insights highlights significant growth in the application of generative AI within the chemical industry, with market size expected to expand from USD 0.98 billion in 2025 to an estimated USD 12.84 billion by 2035. This growth is fueled by factors such as the need for faster R&D times, rising demand for sustainable molecules, integration with advanced technologies like robotic synthesis and quantum computing, and substantial R&D spending in pharmaceuticals...
Oppenheimer Holdings press release ( OPY ): Q1 GAAP EPS of -$1.93. Revenue of $445M. More on Oppenheimer Holdings Oppenheimer Holdings: Public Markets Come Back, Driving ECM And Profits Dividend scorecard for Oppenheimer Holdings Financial information for Oppenheimer Holdings
Oppenheimer Holdings press release ( OPY ): Q1 GAAP EPS of -$1.93. Revenue of $445M. More on Oppenheimer Holdings Oppenheimer Holdings: Public Markets Come Back, Driving ECM And Profits Dividend scorecard for Oppenheimer Holdings Financial information for Oppenheimer Holdings
primeimages/iStock via Getty Images Key takeaways 1 The fund underperformed its benchmark and peers The fund ( OIGAX ) underperformed the MSCI ACWI ex-US Growth Index and the Morningstar Foreign Large Growth peer group average for the quarter. 1 2 Focus shifted from growth to inflation risks The fund holds quality companies with pricing power and strong positioning in industries benefiting from st...
primeimages/iStock via Getty Images Key takeaways 1 The fund underperformed its benchmark and peers The fund ( OIGAX ) underperformed the MSCI ACWI ex-US Growth Index and the Morningstar Foreign Large Growth peer group average for the quarter. 1 2 Focus shifted from growth to inflation risks The fund holds quality companies with pricing power and strong positioning in industries benefiting from structural growth trends, which, in our experience, have supported faster earnings growth in recessions and defended profit margins during inflationary periods. 3 Staying nimble during volatility We exited eight stocks amid concerns about consumer spending headwinds and the broad software selloff. We reallocated the capital to opportunities we believe have more upside potential and compelling risk-reward profiles. Investment objective The fund seeks capital appreciation. Fund facts Fund AUM ($M) 3,215.89 Portfolio managers Robert Dunphy, Ananya Lodaya Manager perspective and outlook Global equities experienced a volatile first quarter as renewed tariff measures, concerns about technology spending and geopolitical escalation in the Middle East appeared to shift investor focus from growth to inflation risks. Energy supply disruptions drove robust commodities performance, while equities broadly sold off amid heightened risk aversion and a stronger US dollar. Regional equity performance diverged. Japanese equities performed well, supported by a weaker yen and expectations of additional fiscal stimulus, while European equities declined amid rising energy costs. UK equities had a positive return, benefiting from commodities exposure and currency weakness. Emerging market equities edged lower despite strength in South Korea and Taiwan, as artificial intelligence-related (AI) optimism appeared to fade. US equities lagged amid increased scrutiny of technology valuations and capital expenditures. Both the technology sector and the broader global equity market weakened toward quarter en...